| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 32.8 | 27.2 | 82.1 | 73.7 | 94.1 | 100.2 | +6.5% | |
| Depreciation & amortization | 1.4 | 1.4 | 6.0 | 5.9 | 6.5 | 7.0 | +8.3% | |
| Stock-based compensation | 0.0 | 0.0 | 1.7 | 0.1 | 0.0 | 0.0 | −100.0% | |
| Change in working capital | (126.4) | (163.7) | (270.6) | (425.7) | (579.0) | 13.3 | +102.3% | |
| Operating cash flow | (42.4) | (88.6) | (176.3) | (311.0) | (436.8) | 189.3 | +143.3% | |
| Capital expenditure | (0.3) | (0.4) | (2.0) | (2.7) | (2.2) | (1.9) | +14.5% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 39.3 | (0.5) | −101.2% | |
| Investing cash flow | (0.2) | (0.3) | (1.9) | (2.6) | 36.6 | (337.7) | −1022.4% | |
| Dividends paid | (1.5) | (8.5) | (5.6) | (18.8) | (18.6) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 62.2 | 15.8 | 62.6 | 216.0 | 343.5 | 22.3 | −93.5% | |
| Financing cash flow | 122.3 | 85.0 | 118.2 | 276.1 | 445.2 | 85.9 | −80.7% | |
| Free cash flow | (42.6) | (88.9) | (178.2) | (313.7) | (439.1) | 187.3 | +142.7% | |
| Net change in cash | 79.6 | (3.9) | (7.3) | (37.5) | 45.0 | (43.9) | −197.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
