| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 15.0 | 14.7 | 21.8 | 30.3 | 34.9 | 29.8 | −14.6% | |
| Depreciation & amortization | 0.9 | 1.0 | 1.1 | 1.1 | 1.4 | 2.1 | +51.0% | |
| Stock-based compensation | 0.5 | 0.2 | 0.3 | 0.4 | 0.4 | 0.0 | −100.0% | |
| Change in working capital | 2.0 | (0.4) | (2.6) | 29.3 | (71.5) | 55.6 | +177.7% | |
| Operating cash flow | 54.6 | 60.7 | 67.2 | 6.9 | (165.9) | 109.7 | +166.1% | |
| Capital expenditure | (0.5) | (0.8) | (1.3) | (1.2) | (2.0) | (2.4) | −22.6% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.3 | 0.0 | (7.1) | — | |
| Investing cash flow | (20.2) | (50.8) | (3.3) | 8.5 | 4.7 | (248.1) | −5368.4% | |
| Dividends paid | 0.0 | 0.0 | (1.2) | (5.0) | (6.2) | 0.0 | +100.0% | |
| Share buybacks | (6.0) | (10.6) | (3.5) | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (44.8) | (19.9) | (11.9) | (65.9) | 160.4 | 160.7 | +0.2% | |
| Financing cash flow | (20.9) | (30.2) | (16.6) | (70.4) | 154.2 | 154.3 | +0.1% | |
| Free cash flow | 54.1 | 60.0 | 65.9 | 5.7 | (167.8) | 107.3 | +163.9% | |
| Net change in cash | 13.5 | (20.3) | 41.9 | (55.2) | (7.0) | 2.2 | +131.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
