In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | |
|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | ||||
| + Depreciation & Amortisation | 8.2 | 9.8 | 11.7 | |
| + Finance Costs | 92.2 | 126.0 | 137.2 | |
| + Other Non-cash Items | 0.9 | 0.3 | 0.3 | |
| + Other — Cash Effects are Investing / Financing | -4.2 | -5.5 | -1.8 | |
| Changes in Working Capital | ||||
| + Inventories | -26.4 | -286.8 | -97.2 | |
| + Trade Receivables — Non-current | -43.2 | 30.4 | -14.7 | |
| + Other Financial Assets — Current | -31.0 | 18.4 | -274.5 | |
| + Other Current Assets | -318.1 | -8.6 | -426.3 | |
| + Other Bank Balances | -370.1 | -57.8 | -137.7 | |
| + Trade Payables — Current | 11.9 | -12.0 | 0.0 | |
| + Other Financial Liabilities — Non-current | 188.8 | -11.8 | 430.1 | |
| Cash from Operating Activities | ||||
| Profit Before Tax (per I/S) | 68.9 | 101.6 | 78.7 | |
| + Total Adjustments (incl. Working Capital) | -490.9 | -197.5 | -372.8 | |
| Cash from Operations (pre-tax) | -422.0 | -95.9 | -294.1 | |
| + Income Taxes Paid | 21.8 | 30.3 | 23.2 | |
| Cash from Operating Activities | -443.8 | -126.2 | -317.3 | |
| Cash from Investing Activities | ||||
| + Acq of Fixed Assets (Capex) | 9.1 | 7.1 | 7.6 | |
| + Disp of Fixed Assets | 0.8 | 0.6 | 0.2 | |
| + Disp of Other Long-term Assets | 4.2 | 5.5 | 1.7 | |
| Cash from Investing Activities | -4.1 | -1.0 | -5.7 | |
| Cash from Financing Activities | ||||
| + Proceeds from Issue of Shares | 0.2 | 0.0 | 0.0 | |
| + Proceeds from Borrowings | 493.3 | 298.1 | 494.2 | |
| + Payment of Lease Liabilities | 5.9 | 6.4 | 7.7 | |
| + Interest Paid | 85.0 | 118.5 | 128.7 | |
| Cash from Financing Activities | 402.5 | 173.1 | 357.9 | |
| Net Changes in Cash (pre-FX) | -45.4 | 45.9 | 34.9 | |
| Net Changes in Cash | -45.4 | 45.9 | 34.9 | |
| Closing Cash | 17.1 | — | — | |
| Reference Items | ||||
| EBITDA | 164.6 | 222.4 | 226.0 | |
| EBITDA Margin % | 42.17 | 49.69 | 48.23 | |
| Free Cash Flow (CFO − Capex) | -452.9 | -133.3 | -324.9 | |
| Free Cash Flow per Basic Share | -80.14 | -23.60 | -57.49 | |
| Cash Flow to Net Income | -8.38 | -1.70 | -5.43 | |
| Cash Paid for Taxes | 21.8 | 30.3 | 23.2 | |
| Cash Paid for Interest | 85.0 | 118.5 | 128.7 | |