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 | 3,888.5 | 4,378.9 | 5,517.4 | — | |
| + Finance Costs | 2,732.9 | 2,531.8 | 4,645.0 | — | |
| + Interest Income | -860.2 | -688.0 | -1,394.5 | — | |
| + Dividend Income | -209.5 | -251.9 | -382.1 | — | |
| + Fair Value (Gains) / Losses | -6.8 | 2.7 | 0.1 | — | |
| + Other Non-cash Items | 198.3 | 108.1 | 31.7 | — | |
| + Other — Cash Effects are Investing / Financing | 462.1 | -49.5 | 1,606.4 | — | |
| + Other Reconciling Items | -161.7 | 141.6 | 257.6 | — | |
| Changes in Working Capital | |||||
| + Inventories | 8.1 | -37.4 | -163.5 | — | |
| + Trade Receivables — Current | -329.8 | -451.0 | -1,245.1 | — | |
| + Other Financial Assets — Current | 436.1 | -94.2 | -168.6 | — | |
| + Other Current Assets | -138.6 | -760.0 | -1,076.8 | — | |
| + Trade Payables — Current | -365.1 | 87.9 | -180.0 | — | |
| + Other Financial Liabilities — Current | 149.4 | 181.7 | 1,191.3 | — | |
| + Other Current Liabilities | 189.5 | 455.2 | -1,263.5 | — | |
| + Provisions — Current | 40.9 | 247.3 | -95.7 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 10,255.4 | 12,888.1 | 14,590.9 | 15,495.7 | |
| + Total Adjustments (incl. Working Capital) | 6,034.1 | 5,803.3 | 7,279.7 | — | |
| Cash from Operations (pre-tax) | 16,289.5 | 18,691.3 | 21,870.6 | — | |
| + Income Taxes Paid | 1,271.9 | 1,465.0 | 1,514.3 | — | |
| Cash from Operating Activities | 15,017.6 | 17,226.3 | 20,356.3 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 7,416.3 | 8,048.9 | 15,320.3 | — | |
| + Disp of Fixed Assets | 26.7 | 50.7 | 38.1 | — | |
| + Purchase of Investments (Equity / Debt) | 114.2 | 0.0 | 0.0 | — | |
| + Acq of Interests in Joint Ventures | 419.1 | 0.0 | 0.2 | — | |
| + Disp of Interests in Joint Ventures | 0.0 | 0.0 | 0.1 | — | |
| + Acq of Subsidiaries / Businesses (net) | 2,922.7 | 4,092.6 | -73.1 | — | |
| + Disp of Subsidiaries / Businesses (net) | 247.8 | 248.3 | 2,195.4 | — | |
| + Loans & Advances Made | 18.2 | 255.4 | 356.6 | — | |
| + Loans & Advances Repaid | 206.4 | 327.5 | 147.4 | — | |
| + Dividends Received — Investing | 213.9 | 255.8 | 386.6 | — | |
| + Interest Received — Investing | 969.2 | 610.5 | 610.6 | — | |
| + Other Inflows / (Outflows) — Investing | 2,459.0 | 2,424.0 | -891.6 | — | |
| Cash from Investing Activities | -6,767.6 | -8,480.2 | -13,117.6 | — | |
| Cash from Financing Activities | |||||
| + Proceeds — Change in Ownership of Subsidiaries | 235.2 | 386.5 | 44.1 | — | |
| + Proceeds from Borrowings | 1,929.8 | 3,913.3 | 15,911.3 | — | |
| + Repayment of Borrowings | 6,058.8 | 6,773.9 | 15,529.8 | — | |
| + Payment of Lease Liabilities | 47.5 | 0.0 | 632.5 | — | |
| + Interest Paid | 2,779.0 | 1,336.3 | 3,138.8 | — | |
| + Dividends Paid | 1,079.7 | 281.7 | 1,535.4 | — | |
| + Income Taxes (Paid) / Refund — Financing | 0.0 | 2,823.5 | 0.0 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 0.0 | -602.3 | — | |
| Cash from Financing Activities | -7,800.1 | -6,915.5 | -5,483.4 | — | |
| Net Changes in Cash (pre-FX) | 449.9 | 1,830.6 | 1,755.2 | — | |
| Net Changes in Cash | 449.9 | 1,830.6 | 1,755.2 | — | |
| Closing Cash | 1,575.7 | 3,406.3 | 5,161.6 | — | |
| Reference Items | |||||
| EBITDA | 15,863.9 | 19,024.6 | 22,851.4 | 23,896.7 | |
| EBITDA Margin % | 59.39 | 61.21 | 58.99 | 59.11 | |
| Free Cash Flow (CFO − Capex) | 7,601.3 | 9,177.4 | 5,035.9 | 5,035.9 | |
| Free Cash Flow to Equity | — | 7,371.9 | 11,190.1 | — | |
| Free Cash Flow per Basic Share | 32.99 | 39.83 | 21.86 | 21.86 | |
| Price to Free Cash Flow | — | — | — | 80.79 | |
| Cash Flow to Net Income | 1.85 | 1.56 | 1.59 | — | |
| Cash Paid for Taxes | 1,271.9 | 1,465.0 | 1,514.3 | — | |
| Cash Paid for Interest | 2,779.0 | 1,336.3 | 3,138.8 | — | |