| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 16.3 | 19.1 | 21.7 | 15.5 | 17.0 | 18.6 | +9.4% | |
| Depreciation & amortization | 2.4 | 2.9 | 3.3 | 4.1 | 4.8 | 5.6 | +16.6% | |
| Stock-based compensation | 0.1 | 0.7 | 1.3 | 0.9 | 0.6 | 0.0 | −100.0% | |
| Change in working capital | (0.5) | (1.5) | (5.8) | 4.0 | (2.3) | (9.2) | −292.4% | |
| Operating cash flow | 14.5 | 17.2 | 14.6 | 21.8 | 19.1 | 12.2 | −36.1% | |
| Capital expenditure | (1.3) | (1.2) | (1.1) | (0.9) | (0.6) | (3.2) | −415.1% | |
| Acquisitions | (0.8) | (5.2) | 0.0 | (12.3) | (2.8) | (4.3) | −53.5% | |
| Investing cash flow | (8.2) | (2.8) | 1.8 | (24.8) | 0.4 | (3.1) | −799.4% | |
| Dividends paid | (6.5) | (12.2) | (8.7) | (9.4) | (10.4) | (10.8) | −4.2% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (1.3) | 0.0 | (3.6) | 13.0 | (4.5) | 5.0 | +211.7% | |
| Financing cash flow | (8.6) | (13.9) | (14.4) | 0.8 | (17.6) | (8.1) | +53.8% | |
| Free cash flow | 13.3 | 16.0 | 13.5 | 20.9 | 18.4 | 9.0 | −51.2% | |
| Net change in cash | (2.2) | 0.6 | 2.2 | (2.4) | 1.8 | 7.6 | +321.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
