In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Last 12M 30/06/2026 | |
|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | |||||
| + Depreciation & Amortisation | 3,042.2 | 4,211.3 | 6,135.3 | — | |
| + Finance Costs | 4,554.7 | 5,978.0 | 6,019.1 | — | |
| + Interest Income | -1,047.4 | -1,367.0 | -1,438.3 | — | |
| + Dividend Income | -10.7 | -0.0 | 0.0 | — | |
| + Unrealised FX (Gain) / Loss | 28.3 | 404.8 | 259.3 | — | |
| + Other Non-cash Items | 149.4 | 65.9 | 235.5 | — | |
| + Other Reconciling Items | 405.8 | -4,309.1 | -9,587.5 | — | |
| Changes in Working Capital | |||||
| + Inventories | -2,568.8 | -767.3 | -8,340.4 | — | |
| + Trade Receivables — Current | 1,320.2 | -1,453.7 | -5,299.1 | — | |
| + Other Current Assets | 848.6 | -1,716.7 | -3,002.4 | — | |
| + Trade Payables — Current | -2,846.0 | -2,955.5 | 6,335.4 | — | |
| + Other Current Liabilities | 3,217.2 | -1,944.2 | 227.6 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 4,924.9 | 10,478.7 | 13,524.7 | 10,709.0 | |
| + Total Adjustments (incl. Working Capital) | 7,093.5 | -3,853.6 | -8,455.4 | — | |
| Cash from Operations (pre-tax) | 12,018.4 | 6,625.1 | 5,069.3 | — | |
| + Income Taxes Paid | 1,707.9 | 2,094.7 | 2,712.4 | — | |
| Cash from Operating Activities | 10,310.5 | 4,530.4 | 2,356.9 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 22,365.9 | 29,171.1 | 33,369.1 | — | |
| + Disp of Fixed Assets | 119.7 | 363.7 | 19.2 | — | |
| + Purchase of Investments (Equity / Debt) | 12.4 | 54.6 | 3.9 | — | |
| + Acq of Interests in Joint Ventures | 1,070.2 | 1,139.5 | 2,262.3 | — | |
| + Acq of Subsidiaries / Businesses (net) | 13.2 | 142.1 | 712.7 | — | |
| + Disp of Subsidiaries / Businesses (net) | 159.1 | 0.0 | 0.0 | — | |
| + Loans & Advances Made | 58.1 | 3,543.7 | 563.8 | — | |
| + Loans & Advances Repaid | 5,475.1 | 1,841.0 | -215.3 | — | |
| + Dividends Received — Investing | 10.7 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 1,126.7 | 1,184.1 | 1,041.8 | — | |
| + Other Inflows / (Outflows) — Investing | -2,453.5 | 4,403.5 | 7,628.2 | — | |
| Cash from Investing Activities | -19,082.2 | -26,258.6 | -28,438.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 4,168.4 | 24,854.0 | — | |
| + Proceeds from Borrowings | 25,145.6 | 34,819.3 | 40,870.0 | — | |
| + Repayment of Borrowings | 10,717.4 | 9,910.4 | 30,998.8 | — | |
| + Payment of Lease Liabilities | 1,495.5 | 1,435.3 | 1,713.3 | — | |
| + Interest Paid | 4,054.7 | 5,599.0 | 5,102.0 | — | |
| + Dividends Paid | 136.8 | 148.2 | 150.0 | — | |
| + Other Inflows / (Outflows) — Financing | 137.4 | 52.6 | 724.7 | — | |
| Cash from Financing Activities | 8,878.7 | 21,947.3 | 28,484.5 | — | |
| Net Changes in Cash (pre-FX) | 107.0 | 219.2 | 2,403.4 | — | |
| + Effect of FX Rate Changes on Cash | 363.7 | 549.3 | 757.5 | — | |
| Net Changes in Cash | 470.7 | 768.4 | 3,160.9 | — | |
| Closing Cash | 2,353.0 | 3,105.8 | 6,266.7 | — | |
| Reference Items | |||||
| EBITDA | 11,376.6 | 14,252.0 | 13,989.1 | 15,698.1 | |
| EBITDA Margin % | 11.80 | 14.56 | 13.92 | 14.09 | |
| Free Cash Flow (CFO − Capex) | -12,055.4 | -24,640.7 | -31,012.2 | -31,012.2 | |
| Free Cash Flow to Equity | — | -4,127.2 | 1,351.2 | — | |
| Free Cash Flow per Basic Share | -93.28 | -190.66 | -239.96 | -239.96 | |
| Cash Flow to Net Income | 3.09 | 0.57 | 0.24 | — | |
| Cash Paid for Taxes | 1,707.9 | 2,094.7 | 2,712.4 | — | |
| Cash Paid for Interest | 4,054.7 | 5,599.0 | 5,102.0 | — | |