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 | 324.6 | 298.1 | 263.3 | — | |
| + Impairment Loss / (Reversal) | 2.6 | 60.1 | 0.0 | — | |
| + Finance Costs | 596.1 | 628.2 | 614.7 | — | |
| + Interest Income | -7.2 | -7.1 | -7.1 | — | |
| + Unrealised FX (Gain) / Loss | 0.7 | 1.0 | -10.2 | — | |
| + Other Non-cash Items | 1.9 | -80.5 | -53.8 | — | |
| + Other — Cash Effects are Investing / Financing | -3.5 | -103.6 | 0.0 | — | |
| + Other Reconciling Items | 0.4 | -1.0 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 97.5 | 73.2 | -20.2 | — | |
| + Trade Receivables — Current | -122.6 | -29.2 | 118.0 | — | |
| + Other Financial Assets — Current | 0.0 | 0.0 | -16.1 | — | |
| + Other Current Assets | -54.8 | 137.8 | -1.8 | — | |
| + Other Non-current Assets | 0.0 | 0.0 | 142.5 | — | |
| + Trade Payables — Current | -1,137.1 | 4.2 | 155.6 | — | |
| + Other Financial Liabilities — Current | -2.5 | 0.0 | -24.7 | — | |
| + Other Current Liabilities | 0.0 | -28.0 | 15.7 | — | |
| + Provisions — Current | -3.5 | 0.5 | 0.0 | — | |
| + Provisions — Non-current | 0.0 | 0.0 | 4.3 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -848.8 | -810.5 | -744.2 | -710.9 | |
| + Total Adjustments (incl. Working Capital) | -307.7 | 953.8 | 1,181.2 | — | |
| Cash from Operations (pre-tax) | -1,156.5 | 143.3 | 437.0 | — | |
| + Income Taxes Paid | 4.2 | 27.1 | 17.7 | — | |
| Cash from Operating Activities | -1,160.7 | 116.2 | 419.3 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 36.2 | 79.4 | 242.5 | — | |
| + Disp of Fixed Assets | 7.1 | 131.3 | 121.7 | — | |
| + Interest Received — Investing | 7.2 | 6.6 | 5.4 | — | |
| + Other Inflows / (Outflows) — Investing | -147.9 | 217.1 | -10.2 | — | |
| Cash from Investing Activities | -169.8 | 275.6 | -125.6 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 3,300.0 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 3,460.6 | 50.0 | 50.7 | — | |
| + Repayment of Borrowings | 4,913.5 | 99.2 | 45.0 | — | |
| + Payment of Lease Liabilities | 0.0 | 5.1 | 1.8 | — | |
| + Payment of Finance Lease Liabilities | 5.1 | — | — | — | |
| + Interest Paid | 478.1 | 293.4 | 269.7 | — | |
| Cash from Financing Activities | 1,364.0 | -347.7 | -265.7 | — | |
| Net Changes in Cash (pre-FX) | 33.5 | 44.1 | 28.0 | — | |
| + Effect of FX Rate Changes on Cash | -28.2 | -38.6 | -23.3 | — | |
| Net Changes in Cash | 5.3 | 5.5 | 4.7 | — | |
| Closing Cash | 19.1 | — | — | — | |
| Reference Items | |||||
| EBITDA | 48.7 | -89.4 | 28.8 | 66.0 | |
| EBITDA Margin % | 0.88 | -2.41 | 0.78 | 1.75 | |
| Free Cash Flow (CFO − Capex) | -1,196.9 | 36.8 | 176.8 | 176.8 | |
| Free Cash Flow to Equity | — | -303.9 | 51.8 | — | |
| Free Cash Flow per Basic Share | -2.41 | 0.07 | 0.36 | 0.36 | |
| Price to Free Cash Flow | — | — | — | 20.81 | |
| Cash Flow to Net Income | 1.37 | -0.14 | -0.56 | — | |
| Cash Paid for Taxes | 4.2 | 27.1 | 17.7 | — | |
| Cash Paid for Interest | 478.1 | 293.4 | 269.7 | — | |