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 | 186.5 | 228.3 | 322.6 | — | |
| + Impairment Loss / (Reversal) | 0.9 | 0.0 | 40.5 | — | |
| + Finance Costs | 167.0 | 208.7 | 284.4 | — | |
| + Interest Income | -28.6 | -49.2 | -94.5 | — | |
| + Fair Value (Gains) / Losses | 2.9 | 14.3 | -7.9 | — | |
| + Share-based Payments | 17.7 | 9.0 | 9.9 | — | |
| + Unrealised FX (Gain) / Loss | -4.1 | -15.3 | 35.8 | — | |
| + Other Non-cash Items | 7.7 | 0.0 | -90.0 | — | |
| + Other — Cash Effects are Investing / Financing | 0.0 | 1.1 | 1.7 | — | |
| + Other Reconciling Items | -36.0 | -42.2 | 13.5 | — | |
| Changes in Working Capital | |||||
| + Inventories | 296.7 | -814.2 | -535.4 | — | |
| + Trade Receivables — Current | 260.7 | -184.3 | -280.4 | — | |
| + Other Financial Assets — Current | 69.6 | 19.3 | 37.8 | — | |
| + Other Financial Assets — Non-current | 0.0 | 0.0 | -155.5 | — | |
| + Other Current Assets | 90.2 | -51.4 | 0.0 | — | |
| + Trade Payables — Current | -159.8 | 1,018.6 | 187.1 | — | |
| + Other Financial Liabilities — Current | 5.9 | 55.9 | 130.3 | — | |
| + Other Financial Liabilities — Non-current | 0.0 | 0.0 | -100.2 | — | |
| + Other Current Liabilities | -60.4 | -13.8 | 0.0 | — | |
| + Provisions — Current | 0.5 | -2.9 | 16.4 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 193.7 | 399.9 | 426.5 | 309.2 | |
| + Total Adjustments (incl. Working Capital) | 817.3 | 381.9 | -183.9 | — | |
| Cash from Operations (pre-tax) | 1,011.0 | 781.9 | 242.5 | — | |
| + Income Taxes Paid | 46.1 | 71.0 | 2.4 | — | |
| Cash from Operating Activities | 964.8 | 710.9 | 240.2 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 412.0 | 574.8 | 1,294.8 | — | |
| + Disp of Fixed Assets | 14.3 | 19.2 | 6.8 | — | |
| + Purchase of Investments (Equity / Debt) | 103.4 | 115.9 | -2.0 | — | |
| + Sale of Investments (Equity / Debt) | 183.9 | 100.0 | 115.0 | — | |
| + Acq of Interests in Joint Ventures | 109.8 | 37.8 | 6.9 | — | |
| + Acq of Subsidiaries / Businesses (net) | 306.2 | 116.9 | 1,253.0 | — | |
| + Loans & Advances Made | 0.0 | 30.2 | 36.5 | — | |
| + Interest Received — Investing | 40.1 | 45.4 | 70.4 | — | |
| + Other Inflows / (Outflows) — Investing | -341.4 | -242.0 | -676.8 | — | |
| Cash from Investing Activities | -1,034.5 | -952.9 | -3,074.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 0.0 | 2,707.1 | — | |
| + Proceeds from Exercise of Stock Options | 0.0 | 35.3 | 29.4 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 0.0 | 0.0 | 25.3 | — | |
| + Proceeds from Borrowings | 176.3 | 671.2 | 638.0 | — | |
| + Repayment of Borrowings | 117.4 | 164.4 | 409.2 | — | |
| + Payment of Lease Liabilities | 23.8 | 12.8 | 23.5 | — | |
| + Interest Paid | 156.7 | 206.3 | 284.4 | — | |
| Cash from Financing Activities | -121.6 | 322.9 | 2,682.6 | — | |
| Net Changes in Cash (pre-FX) | -191.3 | 80.9 | -151.2 | — | |
| + Effect of FX Rate Changes on Cash | 0.0 | 0.0 | 169.8 | — | |
| Net Changes in Cash | -191.3 | 80.9 | 18.6 | — | |
| Closing Cash | 131.9 | — | — | — | |
| Reference Items | |||||
| EBITDA | 491.9 | 763.4 | 952.3 | 1,007.7 | |
| EBITDA Margin % | 7.31 | 7.65 | 7.81 | 7.98 | |
| Free Cash Flow (CFO − Capex) | 552.8 | 136.1 | -1,054.7 | -1,054.7 | |
| Free Cash Flow to Equity | — | 436.6 | -577.5 | — | |
| Free Cash Flow per Basic Share | 157.08 | 38.67 | -299.69 | -299.69 | |
| Cash Flow to Net Income | 6.92 | 2.83 | 1.06 | — | |
| Cash Paid for Taxes | 46.1 | 71.0 | 2.4 | — | |
| Cash Paid for Interest | 156.7 | 206.3 | 284.4 | — | |