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 | 1,903.0 | 2,498.0 | 3,372.0 | — | |
| + Finance Costs | 5,006.0 | — | 6,484.0 | — | |
| + Interest Income | -917.0 | — | -572.0 | — | |
| + Fair Value (Gains) / Losses | -87.0 | — | -139.0 | — | |
| + Unrealised FX (Gain) / Loss | 21.0 | — | -7.0 | — | |
| + Other Non-cash Items | 0.0 | — | 190.0 | — | |
| + Other Reconciling Items | 38.0 | — | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -252.0 | — | -35.0 | — | |
| + Trade Receivables — Current | 893.0 | — | -626.0 | — | |
| + Other Financial Assets — Current | -28.0 | — | -544.0 | — | |
| + Other Financial Assets — Non-current | 192.0 | — | 0.0 | — | |
| + Other Current Assets | -206.0 | — | -1,411.0 | — | |
| + Other Non-current Assets | 56.0 | — | 0.0 | — | |
| + Trade Payables — Current | 122.0 | — | 19.0 | — | |
| + Other Financial Liabilities — Current | -16.0 | — | 1,480.0 | — | |
| + Other Current Liabilities | -245.0 | — | 476.0 | — | |
| + Other Non-current Liabilities | -108.0 | — | 0.0 | — | |
| + Provisions — Current | 4.0 | — | 7.0 | — | |
| + Provisions — Non-current | 5.0 | — | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 1,382.0 | 762.0 | 1,584.0 | 1,833.0 | |
| + Total Adjustments (incl. Working Capital) | 6,381.0 | — | 8,694.0 | — | |
| Cash from Operations (pre-tax) | 7,763.0 | 8,586.0 | 10,278.0 | — | |
| + Income Taxes Paid | 50.0 | — | 143.0 | — | |
| Cash from Operating Activities | 7,713.0 | — | 10,135.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 15,773.0 | — | 26,097.0 | — | |
| + Disp of Fixed Assets | 73.0 | — | 105.0 | — | |
| + Acq of Other Long-term Assets | 6,184.0 | — | 0.0 | — | |
| + Loans & Advances Made | 48.0 | — | 305.0 | — | |
| + Loans & Advances Repaid | 65.0 | — | 28.0 | — | |
| + Interest Received — Investing | 807.0 | — | 227.0 | — | |
| + Other Inflows / (Outflows) — Investing | 0.0 | — | -185.0 | — | |
| Cash from Investing Activities | -21,060.0 | -19,827.0 | -26,227.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | — | 7,012.0 | — | |
| + Proceeds from Exercise of Stock Options | 2,338.0 | — | 0.0 | — | |
| + Payments for Other Equity Instruments | 0.0 | — | 749.0 | — | |
| + Proceeds from Borrowings | 33,344.0 | 37,291.0 | 37,391.0 | — | |
| + Repayment of Borrowings | 16,916.0 | 25,015.0 | 19,156.0 | — | |
| + Payment of Lease Liabilities | 212.0 | 270.0 | 195.0 | — | |
| + Interest Paid | 4,601.0 | — | 7,697.0 | — | |
| + Dividends Paid | 0.0 | — | 332.0 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | — | -659.0 | — | |
| Cash from Financing Activities | 13,953.0 | 12,068.0 | 15,615.0 | — | |
| Net Changes in Cash (pre-FX) | 606.0 | 605.0 | -477.0 | — | |
| Net Changes in Cash | 606.0 | 605.0 | -477.0 | — | |
| Closing Cash | 1,608.0 | 2,212.0 | 1,735.0 | — | |
| Reference Items | |||||
| EBITDA | 7,297.0 | 1,456.1 | 10,768.0 | 11,711.0 | |
| EBITDA Margin % | 79.14 | 7.42 | 83.29 | 86.37 | |
| Free Cash Flow (CFO − Capex) | -8,060.0 | — | -15,962.0 | -15,962.0 | |
| Free Cash Flow to Equity | — | — | -288.0 | — | |
| Free Cash Flow per Basic Share | -48.94 | — | -96.92 | -96.92 | |
| Cash Flow to Net Income | 6.12 | — | 5.10 | — | |
| Cash Paid for Taxes | 50.0 | — | 143.0 | — | |
| Cash Paid for Interest | 4,601.0 | — | 7,697.0 | — | |