| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 11.0 | 22.4 | 19.4 | 17.2 | 19.5 | 22.4 | +14.8% | |
| Depreciation & amortization | 11.7 | 11.3 | 11.7 | 16.3 | 16.5 | 0.0 | −100.0% | |
| Stock-based compensation | 0.0 | 0.2 | 0.2 | 0.2 | 0.4 | 0.0 | −100.0% | |
| Change in working capital | 8.7 | (4.4) | (11.3) | 10.1 | (15.9) | (2.9) | +81.8% | |
| Operating cash flow | 37.0 | 29.5 | 20.8 | 62.3 | 38.4 | 43.4 | +12.9% | |
| Capital expenditure | (4.4) | (22.9) | (42.4) | (80.3) | (68.5) | (103.1) | −50.6% | |
| Acquisitions | 0.9 | 13.4 | (22.0) | 0.8 | (166.3) | (83.3) | +49.9% | |
| Investing cash flow | (10.3) | (13.9) | (70.1) | (83.2) | (236.1) | (206.6) | +12.5% | |
| Dividends paid | (1.6) | (3.3) | (3.3) | (3.5) | (3.6) | (3.6) | +0.0% | |
| Share buybacks | (0.0) | (0.9) | 0.0 | (0.1) | 0.0 | 0.0 | — | |
| Debt issued / repaid | (15.1) | 3.9 | 87.4 | 43.7 | 184.3 | 158.9 | −13.8% | |
| Financing cash flow | (25.1) | (7.8) | 73.3 | 16.7 | 202.2 | 165.7 | −18.0% | |
| Free cash flow | 32.6 | 6.6 | (21.5) | (18.0) | (30.1) | (59.8) | −98.6% | |
| Net change in cash | 1.6 | 7.8 | 26.3 | (2.9) | 10.7 | 13.8 | +28.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
