| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 4.0 | 4.0 | 4.7 | 5.1 | 5.0 | 3.2 | −36.2% | |
| Depreciation & amortization | 2.7 | 3.1 | 3.6 | 4.3 | 4.3 | 4.5 | +4.7% | |
| Stock-based compensation | 0.5 | 0.4 | 0.2 | 0.0 | 0.4 | 0.0 | −100.0% | |
| Change in working capital | 0.4 | (1.8) | (0.0) | 1.8 | 1.5 | 0.6 | −61.8% | |
| Operating cash flow | 7.0 | 5.8 | 8.4 | 10.4 | 11.7 | 9.6 | −18.2% | |
| Capital expenditure | (4.5) | (4.8) | (5.3) | (4.9) | (7.7) | (3.4) | +55.3% | |
| Acquisitions | 0.1 | 0.0 | (0.2) | (5.5) | 0.0 | 0.0 | — | |
| Investing cash flow | (6.3) | (6.1) | (6.9) | (5.0) | (7.4) | (9.1) | −22.4% | |
| Dividends paid | 0.0 | 0.0 | (0.4) | (0.5) | (0.5) | (0.5) | −0.2% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.9 | (0.1) | (2.6) | (4.4) | (0.2) | (1.0) | −304.9% | |
| Financing cash flow | 0.6 | (0.3) | (3.4) | (5.5) | (1.4) | (2.0) | −44.1% | |
| Free cash flow | 2.5 | 1.1 | 3.1 | 5.5 | 4.0 | 6.1 | +53.8% | |
| Net change in cash | 1.3 | (0.6) | (1.9) | (0.0) | 2.8 | 4.7 | +65.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
