| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 170.0 | 205.2 | 243.3 | 271.4 | 234.2 | 270.5 | +15.5% | |
| Depreciation & amortization | 124.5 | 137.9 | 147.9 | 162.0 | 174.0 | 196.3 | +12.8% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 8.3 | 19.1 | (66.4) | (93.4) | (20.2) | (32.8) | −62.1% | |
| Operating cash flow | 324.4 | 417.9 | 400.5 | 407.8 | 504.4 | 343.1 | −32.0% | |
| Capital expenditure | (233.1) | (244.4) | (248.2) | (308.2) | (412.8) | (440.5) | −6.7% | |
| Acquisitions | 0.1 | 5.0 | (8.6) | 0.0 | 0.0 | 0.4 | — | |
| Investing cash flow | (210.3) | (228.4) | (261.1) | (321.4) | (458.0) | (385.3) | +15.9% | |
| Dividends paid | (57.8) | (71.1) | (72.5) | (74.2) | (82.1) | (87.6) | −6.7% | |
| Share buybacks | (27.6) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 108.6 | 7.2 | 10.8 | 151.4 | 131.2 | 151.7 | +15.6% | |
| Financing cash flow | (110.5) | (191.7) | (141.5) | (82.5) | (40.7) | 62.1 | +252.5% | |
| Free cash flow | 91.3 | 173.4 | 152.3 | 99.7 | 91.5 | (97.4) | −206.4% | |
| Net change in cash | 3.6 | (2.7) | (2.1) | 4.0 | 5.6 | (4.2) | −174.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
