| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 41.8 | 49.7 | 51.5 | (20.9) | 8.3 | 19.2 | +131.8% | |
| Depreciation & amortization | 21.7 | 23.6 | 25.5 | 27.6 | 27.5 | 0.0 | −100.0% | |
| Stock-based compensation | 0.0 | 0.2 | 1.3 | 0.1 | 0.4 | 0.0 | −100.0% | |
| Change in working capital | (2.1) | (17.7) | (13.7) | (12.7) | 36.2 | (11.7) | −132.4% | |
| Operating cash flow | 72.1 | 65.0 | 77.5 | (12.4) | 101.5 | 57.6 | −43.2% | |
| Capital expenditure | (21.2) | (26.9) | (23.6) | (11.6) | (17.0) | (16.7) | +1.7% | |
| Acquisitions | (1.8) | (1.3) | (0.6) | (5.1) | (6.8) | 0.5 | +107.8% | |
| Investing cash flow | (21.0) | (38.2) | (14.9) | (24.8) | (18.4) | (31.5) | −71.1% | |
| Dividends paid | (4.6) | (7.6) | (7.5) | (7.5) | (0.8) | (4.8) | −520.8% | |
| Share buybacks | 0.0 | 0.0 | (13.6) | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (42.2) | 13.1 | (46.0) | 48.1 | (53.5) | (75.8) | −41.5% | |
| Financing cash flow | (67.1) | (19.2) | (62.3) | 1.6 | (47.9) | (70.0) | −46.1% | |
| Free cash flow | 50.9 | 38.1 | 53.9 | (23.9) | 84.6 | 41.0 | −51.5% | |
| Net change in cash | (19.3) | 10.0 | 1.7 | (0.2) | 35.4 | (34.3) | −197.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
