| INR billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 3.6 | 10.1 | 20.2 | 20.6 | 34.3 | 30.4 | −11.6% | |
| Depreciation & amortization | 5.3 | 5.3 | 6.2 | 6.8 | 9.5 | 12.2 | +28.4% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.0 | −100.0% | |
| Change in working capital | (1.1) | (2.7) | (5.9) | (6.7) | (6.7) | (5.7) | +14.7% | |
| Operating cash flow | 10.1 | 12.3 | 17.9 | 23.9 | 33.8 | 34.5 | +2.0% | |
| Capital expenditure | (5.6) | (9.4) | (18.0) | (32.6) | (37.8) | (27.4) | +27.5% | |
| Acquisitions | 0.2 | 0.2 | (0.0) | (0.1) | (6.4) | 0.3 | +104.2% | |
| Investing cash flow | (4.7) | (10.1) | (17.0) | (32.9) | (43.2) | (27.8) | +35.6% | |
| Dividends paid | (0.7) | (1.1) | (1.6) | (2.3) | (3.2) | (5.1) | −56.2% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (2.1) | 1.3 | 3.4 | 15.1 | (35.5) | (5.0) | +85.9% | |
| Financing cash flow | (5.7) | (1.8) | (0.2) | 9.8 | 29.5 | (11.6) | −139.2% | |
| Free cash flow | 4.5 | 2.9 | (0.1) | (8.7) | (4.0) | 7.1 | +278.0% | |
| Net change in cash | (0.3) | 0.5 | 0.0 | 0.9 | 20.2 | (2.7) | −113.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
