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 | 400.1 | 428.8 | 204.0 | — | |
| + Impairment Loss / (Reversal) | 71.2 | 1.9 | 3.0 | — | |
| + Finance Costs | 129.9 | 150.0 | 62.0 | — | |
| + Interest Income | -57.2 | -28.4 | 17.0 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -1.1 | -19.0 | — | |
| + Share-based Payments | 0.0 | 0.8 | 0.0 | — | |
| + Unrealised FX (Gain) / Loss | 0.0 | 10.3 | 0.0 | — | |
| + Other Non-cash Items | -190.9 | 50.7 | -34.0 | — | |
| + Other Reconciling Items | 0.0 | -37.4 | 5.0 | — | |
| Changes in Working Capital | |||||
| + Trade Receivables — Current | -365.9 | -62.6 | 0.0 | — | |
| + Trade Receivables — Non-current | 0.0 | 0.0 | -59.0 | — | |
| + Other Financial Assets — Non-current | 0.0 | 0.0 | 48.0 | — | |
| + Other Current Assets | -80.4 | -358.9 | 51.0 | — | |
| + Other Non-current Assets | 0.0 | 0.0 | -21.0 | — | |
| + Trade Payables — Current | -83.0 | 196.3 | 0.0 | — | |
| + Trade Payables — Non-current | 0.0 | 0.0 | 36.0 | — | |
| + Other Financial Liabilities — Current | 0.0 | 0.0 | 54.0 | — | |
| + Other Current Liabilities | 0.0 | 0.0 | -5.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 171.8 | 15.1 | 2.0 | -4.0 | |
| + Total Adjustments (incl. Working Capital) | -176.3 | 350.5 | 342.0 | — | |
| Cash from Operations (pre-tax) | -4.5 | 365.5 | 344.0 | — | |
| + Income Taxes Paid | 141.2 | 104.4 | 31.0 | — | |
| Cash from Operating Activities | -145.7 | 261.1 | 313.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 121.0 | 77.7 | 19.0 | — | |
| + Acq of Intangible Assets | 26.9 | 6.2 | 5.0 | — | |
| + Disp of Fixed Assets | 5.7 | 46.0 | 26.0 | — | |
| + Disp of Intangible Assets | 0.6 | 0.1 | 0.0 | — | |
| + Disp of Investment Property | 0.0 | 0.0 | 3.0 | — | |
| + Disp of Other Long-term Assets | 77.8 | 0.0 | 29.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 48.3 | 0.0 | — | |
| + Sale of Investments (Equity / Debt) | 0.0 | 104.0 | 0.0 | — | |
| + Disp of Interests in Joint Ventures | 39.2 | 0.0 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 777.3 | 0.0 | 0.0 | — | |
| + Loans & Advances Repaid | 7.8 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 15.8 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 52.6 | 18.6 | 1.0 | — | |
| + Other Inflows / (Outflows) — Investing | 401.5 | 45.1 | 21.0 | — | |
| Cash from Investing Activities | -324.2 | 81.6 | 56.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 1,004.2 | 406.7 | 0.0 | — | |
| + Repayment of Borrowings | 712.7 | 216.4 | 132.0 | — | |
| + Payment of Lease Liabilities | 0.0 | 242.4 | 229.0 | — | |
| + Payment of Finance Lease Liabilities | 232.3 | — | — | — | |
| + Interest Paid | 74.4 | 84.0 | 12.0 | — | |
| + Dividends Paid | 29.8 | 206.4 | 0.0 | — | |
| + Other Inflows / (Outflows) — Financing | -1.5 | 155.4 | 0.0 | — | |
| Cash from Financing Activities | -46.5 | -187.0 | -373.0 | — | |
| Net Changes in Cash (pre-FX) | -516.4 | 155.6 | -4.0 | — | |
| + Effect of FX Rate Changes on Cash | 4.6 | 0.0 | 0.0 | — | |
| Net Changes in Cash | -511.8 | 155.6 | -4.0 | — | |
| Closing Cash | 410.5 | — | — | — | |
| Reference Items | |||||
| EBITDA | 467.0 | 518.1 | 233.0 | 305.0 | |
| EBITDA Margin % | 3.54 | 3.23 | 11.32 | 11.71 | |
| Free Cash Flow (CFO − Capex) | -293.7 | 177.2 | 289.0 | 289.0 | |
| Free Cash Flow to Equity | — | 295.2 | -789.9 | — | |
| Free Cash Flow per Basic Share | -1.96 | 1.18 | 1.93 | 1.93 | |
| Price to Free Cash Flow | — | — | — | 6.39 | |
| Cash Flow to Net Income | -1.04 | 5.31 | 39.13 | — | |
| Cash Paid for Taxes | 141.2 | 104.4 | 31.0 | — | |
| Cash Paid for Interest | 74.4 | 84.0 | 12.0 | — | |