| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 230.3 | 144.1 | 169.7 | 130.6 | 231.0 | 277.0 | +19.9% | |
| Depreciation & amortization | 29.0 | 29.4 | 35.0 | 36.7 | 41.2 | 43.6 | +5.9% | |
| Stock-based compensation | 1.4 | 1.4 | 2.5 | 3.0 | 2.2 | 1.2 | −48.2% | |
| Change in working capital | 99.7 | 47.6 | 53.8 | (13.9) | (120.6) | (104.6) | +13.3% | |
| Operating cash flow | 230.7 | 191.6 | 227.8 | 182.7 | 91.6 | 168.2 | +83.6% | |
| Capital expenditure | (18.1) | (31.1) | (41.4) | (45.2) | (44.2) | (48.1) | −8.8% | |
| Acquisitions | 117.1 | 9.3 | 27.6 | 8.5 | (4.2) | (14.6) | −251.2% | |
| Investing cash flow | (56.6) | (36.7) | (83.1) | 21.6 | (155.2) | (156.8) | −1.1% | |
| Dividends paid | (11.2) | (25.3) | (30.9) | (33.7) | (38.5) | (46.8) | −21.5% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (122.8) | 0.0 | 0.0 | — | |
| Debt issued / repaid | (91.1) | (88.2) | (52.8) | (41.0) | 157.1 | 72.9 | −53.6% | |
| Financing cash flow | (152.7) | (151.8) | (115.7) | (254.1) | 65.6 | 17.1 | −74.0% | |
| Free cash flow | 210.4 | 160.5 | 186.3 | 137.5 | 47.4 | 120.1 | +153.3% | |
| Net change in cash | 22.6 | 4.0 | 31.6 | (49.7) | 2.3 | 29.3 | +1181.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
