| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 138.4 | 502.3 | 182.4 | (44.4) | 84.1 | 107.9 | +28.3% | |
| Depreciation & amortization | 92.3 | 91.0 | 93.4 | 98.8 | 104.2 | 119.5 | +14.7% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 164.9 | (96.2) | (37.1) | 33.8 | 22.1 | 54.4 | +146.6% | |
| Operating cash flow | 443.3 | 443.8 | 216.8 | 203.0 | 235.1 | 280.6 | +19.3% | |
| Capital expenditure | (69.8) | (105.2) | (141.4) | (182.1) | (156.7) | (145.6) | +7.1% | |
| Acquisitions | 0.9 | (0.6) | (104.0) | 1.2 | 0.2 | (13.7) | −6289.3% | |
| Investing cash flow | (93.2) | (108.8) | (186.8) | (142.5) | (141.7) | (159.6) | −12.6% | |
| Dividends paid | (11.5) | (30.2) | (62.9) | (44.3) | (44.9) | (44.9) | +0.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (293.8) | (139.2) | 65.4 | 23.7 | 63.0 | (79.4) | −226.2% | |
| Financing cash flow | (370.9) | (234.0) | (69.8) | (111.0) | (70.0) | (133.2) | −90.2% | |
| Free cash flow | 373.5 | 338.6 | 75.4 | 20.9 | 78.4 | 135.0 | +72.1% | |
| Net change in cash | (22.0) | 100.7 | (34.8) | (50.5) | 25.2 | (15.9) | −163.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
