| INR millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 32.3 | 1.3 | (51.1) | (80.5) | 70.0 | 431.9 | +517.3% | |
| Depreciation & amortization | 264.7 | 294.7 | 311.2 | 341.5 | 344.5 | 355.1 | +3.1% | |
| Stock-based compensation | 0.0 | 0.0 | 4.9 | 13.1 | 7.4 | 0.0 | −100.0% | |
| Change in working capital | (43.5) | (125.2) | (111.8) | 13.3 | (37.5) | (83.9) | −123.9% | |
| Operating cash flow | 264.4 | 205.3 | 300.1 | 405.8 | 521.9 | 179.1 | −65.7% | |
| Capital expenditure | (523.8) | (698.5) | (551.1) | (309.0) | (368.7) | (502.8) | −36.4% | |
| Acquisitions | 0.0 | 8.1 | 0.0 | 0.0 | 0.0 | 0.4 | — | |
| Investing cash flow | (488.7) | (709.0) | (577.4) | (299.9) | (354.0) | (446.5) | −26.1% | |
| Dividends paid | 0.0 | (14.0) | (35.0) | (7.0) | (31.7) | (35.3) | −11.3% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 229.5 | 569.2 | 426.2 | 79.8 | 65.0 | 347.4 | +434.6% | |
| Financing cash flow | 205.7 | 494.7 | 281.1 | (94.9) | (172.4) | 278.4 | +261.4% | |
| Free cash flow | (259.4) | (493.3) | (250.9) | 96.8 | 153.1 | (323.6) | −311.3% | |
| Net change in cash | (18.5) | (9.1) | 3.9 | 11.0 | (4.6) | 10.8 | +336.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
