| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 39.3 | 64.3 | 99.3 | 89.8 | 25.8 | 8.9 | −65.5% | |
| Depreciation & amortization | 3.3 | 3.5 | 4.1 | 4.6 | 5.3 | 0.0 | −100.0% | |
| Stock-based compensation | 0.0 | 0.1 | 0.3 | 0.6 | 0.5 | 0.0 | −100.0% | |
| Change in working capital | 32.4 | 23.1 | (13.7) | 20.6 | (125.2) | (82.2) | +34.3% | |
| Operating cash flow | 449.8 | 166.7 | (124.4) | (169.2) | (80.0) | 18.0 | +122.5% | |
| Capital expenditure | (3.4) | (4.1) | (5.7) | (7.3) | (7.3) | (6.9) | +5.3% | |
| Acquisitions | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.6 | — | |
| Investing cash flow | (3.3) | (4.1) | (5.6) | (7.1) | (7.1) | 94.9 | +1439.9% | |
| Dividends paid | 0.0 | (3.9) | (6.6) | (10.9) | (12.8) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (94.3) | (58.0) | 26.9 | 0.9 | 60.9 | (109.1) | −279.2% | |
| Financing cash flow | (41.0) | 331.8 | 11.1 | (22.4) | 311.5 | (218.4) | −170.1% | |
| Free cash flow | 446.3 | 162.6 | (130.1) | (176.5) | (87.3) | 11.0 | +112.7% | |
| Net change in cash | 405.6 | 119.7 | (118.1) | (198.7) | 224.7 | 0.0 | −100.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
