| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 120.2 | 297.5 | 56.6 | 88.1 | 35.0 | 223.2 | +536.9% | |
| Depreciation & amortization | 46.8 | 60.0 | 74.7 | 82.4 | 93.1 | 96.0 | +3.1% | |
| Stock-based compensation | 0.2 | 1.6 | 2.2 | 2.1 | 1.7 | 0.0 | −100.0% | |
| Change in working capital | 13.1 | (72.6) | 31.1 | (136.2) | (6.8) | (37.1) | −444.5% | |
| Operating cash flow | 188.3 | 262.7 | 233.2 | 120.8 | 209.0 | 169.3 | −19.0% | |
| Capital expenditure | (109.7) | (100.9) | (147.8) | (158.0) | (126.9) | (146.5) | −15.4% | |
| Acquisitions | (66.6) | (6.8) | (4.5) | (10.3) | 0.0 | 280.8 | — | |
| Investing cash flow | (98.3) | (159.9) | (107.1) | (146.4) | (170.0) | 179.9 | +205.9% | |
| Dividends paid | (4.8) | (15.7) | (41.9) | (8.2) | (17.9) | (6.9) | +61.6% | |
| Share buybacks | 0.0 | (5.9) | 0.0 | 0.0 | (0.4) | (3.9) | −795.5% | |
| Debt issued / repaid | 36.8 | (70.5) | 55.8 | 45.3 | 94.9 | (56.5) | −159.5% | |
| Financing cash flow | (14.4) | (146.6) | (59.8) | (50.1) | (3.1) | (71.9) | −2249.3% | |
| Free cash flow | 78.7 | 161.8 | 85.4 | (37.2) | 82.1 | 22.7 | −72.3% | |
| Net change in cash | 75.6 | (43.8) | 66.2 | (75.7) | 35.8 | 289.8 | +709.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
