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 | 17.0 | 17.7 | 18.9 | — | |
| + Finance Costs | 1.2 | 0.0 | 7.4 | — | |
| + Interest Income | -2.2 | -2.2 | -4.5 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -1.3 | 0.0 | — | |
| + Share-based Payments | 0.0 | 0.0 | 9.2 | — | |
| + Unrealised FX (Gain) / Loss | -0.6 | 0.0 | 0.0 | — | |
| + Other Non-cash Items | -0.3 | 0.0 | 0.0 | — | |
| + Other Reconciling Items | -0.5 | 0.0 | 1.4 | — | |
| Changes in Working Capital | |||||
| + Inventories | -0.3 | 0.1 | -0.1 | — | |
| + Trade Receivables — Current | -44.6 | -88.8 | 19.4 | — | |
| + Other Financial Assets — Current | -23.3 | 23.3 | -63.8 | — | |
| + Other Current Assets | 4.3 | -82.2 | 0.0 | — | |
| + Other Non-current Assets | -25.8 | 0.0 | -3.5 | — | |
| + Other Bank Balances | -20.7 | 0.0 | 0.0 | — | |
| + Trade Payables — Current | 28.8 | 70.4 | 26.7 | — | |
| + Other Current Liabilities | 0.0 | 8.1 | -10.2 | — | |
| + Provisions — Current | 0.8 | 1.0 | 2.4 | — | |
| + Provisions — Non-current | -10.4 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 27.1 | 50.0 | 65.3 | 75.3 | |
| + Total Adjustments (incl. Working Capital) | -74.8 | -53.9 | 3.2 | — | |
| Cash from Operations (pre-tax) | -47.7 | -3.9 | 68.6 | — | |
| + Interest Received — Operating | 0.0 | 2.0 | 0.0 | — | |
| + Income Taxes Paid | 2.2 | 8.8 | 15.6 | — | |
| Cash from Operating Activities | -49.9 | -10.7 | 53.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 0.0 | 19.0 | 60.6 | — | |
| + Acq of Intangible Assets | 0.2 | 0.0 | 0.0 | — | |
| + Disp of Fixed Assets | -28.3 | 0.0 | 0.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 0.0 | 181.1 | — | |
| + Sale of Investments (Equity / Debt) | 0.0 | 0.0 | 77.7 | — | |
| + Loans & Advances Made | 0.0 | 0.7 | 0.0 | — | |
| + Loans & Advances Repaid | 9.6 | 0.7 | 0.0 | — | |
| + Interest Received — Investing | 1.8 | 0.0 | 4.5 | — | |
| + Other Inflows / (Outflows) — Investing | 9.7 | -39.5 | 0.0 | — | |
| Cash from Investing Activities | -7.4 | -58.5 | -159.5 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 37.6 | 0.0 | 2.2 | — | |
| + Proceeds from Other Equity Instruments | 12.3 | 78.5 | 0.0 | — | |
| + Proceeds from Exercise of Stock Options | 0.0 | 0.9 | 0.0 | — | |
| + Proceeds from Borrowings | 2.8 | 6.8 | 141.6 | — | |
| + Repayment of Borrowings | 0.7 | 3.7 | 7.2 | — | |
| + Payment of Lease Liabilities | 0.9 | 0.8 | 0.0 | — | |
| + Interest Paid | 1.2 | 0.5 | 7.4 | — | |
| + Dividends Paid | 0.0 | 0.0 | 4.4 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 0.0 | -1.2 | — | |
| Cash from Financing Activities | 49.9 | 81.1 | 123.6 | — | |
| Net Changes in Cash (pre-FX) | -7.4 | 11.9 | 17.1 | — | |
| + Effect of FX Rate Changes on Cash | -1.3 | -0.5 | -0.4 | — | |
| Net Changes in Cash | -8.7 | 11.3 | 16.7 | — | |
| Closing Cash | 8.6 | — | — | — | |
| Reference Items | |||||
| EBITDA | 41.8 | 66.1 | 95.4 | 105.0 | |
| EBITDA Margin % | 13.71 | 14.22 | 12.05 | 11.09 | |
| Free Cash Flow (CFO − Capex) | -50.2 | -29.7 | -7.7 | -7.7 | |
| Free Cash Flow to Equity | — | -27.8 | 119.4 | — | |
| Free Cash Flow per Basic Share | -11.18 | -6.63 | -1.71 | -1.71 | |
| Cash Flow to Net Income | -1.95 | -0.25 | 1.02 | — | |
| Cash Paid for Taxes | 2.2 | 8.8 | 15.6 | — | |
| Cash Paid for Interest | 1.2 | 0.5 | 7.4 | — | |