| Tap a line for its trend | Last 12Mto Sep 2026 | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
Adjustments to reconcile profit — non-cash items | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |||||
|---|---|---|---|---|---|---|
| — | 1,978 | 1,883 | 1,776 | 1,608 | ||
| — | 3,633 | 3,259 | 2,767 | 2,781 | ||
| — | −472 | −488 | −387 | −495 | ||
| — | −119 | 0.0 | −43.1 | 0.0 | ||
| — | 0.0 | 1.1 | 0.4 | 0.5 | ||
| — | −1,193 | 2,799 | −149 | 0.0 | ||
| — | 17.1 | −1,341 | 0.0 | −1,117 | ||
Changes in working capital | ||||||
| — | −44.2 | −476 | −103 | 98.2 | ||
| — | −9.1 | 327 | −144 | −395 | ||
| — | −1,502 | 0.0 | 0.0 | 0.0 | ||
| — | 0.0 | −450 | 431 | −790 | ||
| — | −944 | 0.0 | 0.0 | 231 | ||
| — | 1,100 | −126 | 0.0 | 63.5 | ||
| — | 0.0 | 0.0 | 0.0 | −1.0 | ||
| — | 1,939 | 967 | −59.3 | 220 | ||
| — | 0.0 | 153 | 416 | 30.9 | ||
| — | 2,832 | 0.0 | 0.0 | 102 | ||
| — | 0.0 | 0.0 | 53.8 | 14.4 | ||
| — | 0.0 | 0.0 | 0.0 | 48.4 | ||
| — | 0.0 | 0.0 | 0.0 | −90.2 | ||
Cash from operating activities | ||||||
| 4,894 | 4,210 | 2,416 | 1,780 | 1,712 | ||
| — | 7,215 | 6,508 | 4,558 | 2,311 | ||
| — | 11,426 | 8,924 | 6,338 | 4,023 | ||
| — | 429 | 229 | 300 | 246 | ||
| — | 10,997 | 8,695 | 6,038 | 3,777 | ||
Cash from investing activities | ||||||
| — | 14,432 | 9,378 | 5,430 | 4,702 | ||
| — | 0.0 | 0.0 | 0.0 | 48.7 | ||
| — | 0.0 | 0.0 | 0.0 | −726 | ||
| — | 15.6 | 0.0 | 0.0 | 0.0 | ||
| — | 50.5 | 2,582 | 34.8 | 0.0 | ||
| — | 0.0 | 815 | 0.0 | 0.0 | ||
| — | 0.0 | 0.0 | −3.8 | 0.0 | ||
| — | 6.0 | 403 | 0.0 | 633 | ||
| — | 407 | 550 | 345 | 467 | ||
| — | 2.3 | −5,036 | 172 | −322 | ||
| — | −14,083 | −15,228 | −4,943 | −4,699 | ||
Cash from financing activities | ||||||
| — | 0.0 | 8,373 | 0.0 | 3,850 | ||
| — | 0.0 | 0.0 | 0.0 | 3,075 | ||
| — | 17,024 | 7,252 | 5,459 | 5,901 | ||
| — | 10,455 | 4,738 | 2,916 | 3,573 | ||
| — | 27.7 | 19.6 | 22.1 | 25.9 | ||
| — | 4,075 | 2,977 | 3,222 | 2,213 | ||
| — | 0.0 | 0.0 | 85.8 | 0.0 | ||
| — | 164 | 84.9 | 244 | 59.5 | ||
| — | 2,630 | 7,975 | −543 | 923 | ||
| — | −456 | 1,443 | 551 | 1.5 | ||
| — | −456 | 1,443 | 551 | 1.5 | ||
| — | — | — | 742 | 191 | ||
Reference items | ||||||
| 10,590 | 9,084 | 8,407 | 6,171 | 4,518 | ||
| 31.2% | 32.9% | 35.4% | 37.2% | 34.0% | ||
| −3,435 | −3,435 | −683 | 608 | −925 | ||
| — | 1,182 | −462 | 196 | — | ||
| −₹28.60 | −₹28.60 | −₹5.68 | ₹5.06 | −₹7.70 | ||
| — | 4.60× | 9.43× | 5.05× | 1.63× | ||
| — | 429 | 229 | 300 | 246 | ||
| — | 4,075 | 2,977 | 3,222 | 2,213 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Last 12M 30/09/2026 | |
|---|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | ||||||
| + Depreciation & Amortisation | 1,607.7 | 1,776.1 | 1,883.2 | 1,978.2 | — | |
| + Finance Costs | 2,781.5 | 2,766.5 | 3,259.2 | 3,632.9 | — | |
| + Interest Income | -494.8 | -386.6 | -488.4 | -472.3 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -43.1 | 0.0 | -118.9 | — | |
| + Unrealised FX (Gain) / Loss | 0.5 | 0.4 | 1.1 | 0.0 | — | |
| + Other Non-cash Items | 0.0 | -149.0 | 2,799.2 | -1,192.9 | — | |
| + Other Reconciling Items | -1,116.6 | 0.0 | -1,340.8 | 17.1 | — | |
| Changes in Working Capital | ||||||
| + Inventories | 98.2 | -103.4 | -476.1 | -44.2 | — | |
| + Trade Receivables — Current | -395.0 | -144.4 | 327.3 | -9.1 | — | |
| + Trade Receivables — Non-current | 0.0 | 0.0 | 0.0 | -1,502.5 | — | |
| + Other Financial Assets — Current | -789.5 | 431.0 | -450.3 | 0.0 | — | |
| + Other Financial Assets — Non-current | 231.5 | 0.0 | 0.0 | -943.7 | — | |
| + Other Current Assets | 63.5 | 0.0 | -125.9 | 1,099.5 | — | |
| + Other Non-current Assets | -1.0 | 0.0 | 0.0 | 0.0 | — | |
| + Trade Payables — Current | 219.5 | -59.3 | 967.2 | 1,938.7 | — | |
| + Other Financial Liabilities — Current | 30.9 | 416.2 | 152.6 | 0.0 | — | |
| + Other Financial Liabilities — Non-current | 101.8 | 0.0 | 0.0 | 2,832.4 | — | |
| + Other Current Liabilities | 14.4 | 53.8 | 0.0 | 0.0 | — | |
| + Provisions — Current | 48.4 | 0.0 | 0.0 | 0.0 | — | |
| + Provisions — Non-current | -90.2 | 0.0 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | ||||||
| Profit Before Tax (per I/S) | 1,711.7 | 1,779.6 | 2,415.6 | 4,210.4 | 4,893.8 | |
| + Total Adjustments (incl. Working Capital) | 2,310.8 | 4,558.1 | 6,508.3 | 7,215.4 | — | |
| Cash from Operations (pre-tax) | 4,022.6 | 6,337.7 | 8,923.9 | 11,425.8 | — | |
| + Income Taxes Paid | 245.6 | 300.1 | 228.7 | 429.1 | — | |
| Cash from Operating Activities | 3,777.0 | 6,037.6 | 8,695.2 | 10,996.7 | — | |
| Cash from Investing Activities | ||||||
| + Acq of Fixed Assets (Capex) | 4,702.2 | 5,429.5 | 9,378.1 | 14,431.8 | — | |
| + Acq of Investment Property | 48.7 | 0.0 | 0.0 | 0.0 | — | |
| + Disp of Investment Property | -726.0 | 0.0 | 0.0 | 0.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 0.0 | 0.0 | 15.6 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 34.8 | 2,581.6 | 50.5 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 0.0 | 815.0 | 0.0 | — | |
| + Loans & Advances Made | 0.0 | -3.8 | 0.0 | 0.0 | — | |
| + Loans & Advances Repaid | 633.1 | 0.0 | 403.2 | 6.0 | — | |
| + Interest Received — Investing | 467.4 | 345.1 | 549.7 | 406.8 | — | |
| + Other Inflows / (Outflows) — Investing | -322.2 | 172.4 | -5,035.8 | 2.3 | — | |
| Cash from Investing Activities | -4,698.7 | -4,943.0 | -15,227.6 | -14,082.8 | — | |
| Cash from Financing Activities | ||||||
| + Proceeds from Issue of Shares | 3,850.0 | 0.0 | 8,373.1 | 0.0 | — | |
| + Payments for Other Equity Instruments | 3,075.5 | 0.0 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 5,900.8 | 5,458.9 | 7,251.8 | 17,024.0 | — | |
| + Repayment of Borrowings | 3,573.2 | 2,916.0 | 4,738.4 | 10,455.2 | — | |
| + Payment of Lease Liabilities | 25.9 | 22.1 | 19.6 | 27.7 | — | |
| + Interest Paid | 2,212.5 | 3,222.0 | 2,976.6 | 4,074.9 | — | |
| + Dividends Paid | 0.0 | 85.8 | 0.0 | 0.0 | — | |
| + Other Inflows / (Outflows) — Financing | 59.5 | 243.7 | 84.9 | 164.0 | — | |
| Cash from Financing Activities | 923.2 | -543.2 | 7,975.2 | 2,630.3 | — | |
| Net Changes in Cash (pre-FX) | 1.5 | 551.3 | 1,442.9 | -455.8 | — | |
| Net Changes in Cash | 1.5 | 551.3 | 1,442.9 | -455.8 | — | |
| Closing Cash | 190.6 | 742.1 | — | — | — | |
| Reference Items | ||||||
| EBITDA | 4,517.6 | 6,171.2 | 8,407.3 | 9,084.4 | 10,589.9 | |
| EBITDA Margin % | 33.99 | 37.16 | 35.37 | 32.93 | 31.18 | |
| Free Cash Flow (CFO − Capex) | -925.2 | 608.1 | -682.9 | -3,435.1 | -3,435.1 | |
| Free Cash Flow to Equity | — | 196.2 | -462.3 | 1,182.4 | — | |
| Free Cash Flow per Basic Share | -7.70 | 5.06 | -5.68 | -28.60 | -28.60 | |
| Cash Flow to Net Income | 1.63 | 5.05 | 9.43 | 4.60 | — | |
| Cash Paid for Taxes | 245.6 | 300.1 | 228.7 | 429.1 | — | |
| Cash Paid for Interest | 2,212.5 | 3,222.0 | 2,976.6 | 4,074.9 | — | |