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 | 72.5 | 82.4 | 103.7 | — | |
| + Finance Costs | 26.0 | 29.2 | 26.9 | — | |
| + Interest Income | -0.9 | -5.7 | -9.7 | — | |
| + Dividend Income | -3.2 | 0.0 | 0.0 | — | |
| + Fair Value (Gains) / Losses | -0.1 | 0.0 | -0.3 | — | |
| + Share-based Payments | 11.6 | 6.1 | 2.3 | — | |
| + Unrealised FX (Gain) / Loss | -0.1 | -0.1 | -0.6 | — | |
| + Other Non-cash Items | 3.0 | -10.3 | 0.0 | — | |
| + Other — Cash Effects are Investing / Financing | 0.0 | -0.4 | -16.9 | — | |
| + Other Reconciling Items | -8.2 | 0.0 | -3.4 | — | |
| Changes in Working Capital | |||||
| + Trade Receivables — Current | -1.9 | -1.4 | -20.9 | — | |
| + Other Financial Assets — Non-current | -6.9 | -13.6 | 2.5 | — | |
| + Other Current Assets | -7.6 | 0.0 | 0.0 | — | |
| + Other Non-current Assets | 0.0 | -0.8 | -35.6 | — | |
| + Trade Payables — Current | 5.6 | -0.6 | 2.3 | — | |
| + Other Financial Liabilities — Non-current | 12.7 | -8.5 | 12.9 | — | |
| + Other Current Liabilities | 0.0 | 0.0 | -8.1 | — | |
| + Other Non-current Liabilities | -3.0 | -2.5 | 0.0 | — | |
| + Provisions — Current | 0.9 | 0.0 | 10.4 | — | |
| + Provisions — Non-current | 0.0 | -4.4 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -77.8 | -44.5 | -11.1 | 1.1 | |
| + Total Adjustments (incl. Working Capital) | 100.4 | 69.6 | 65.5 | — | |
| Cash from Operations (pre-tax) | 22.6 | 25.1 | 54.5 | — | |
| + Interest Received — Operating | -1.6 | 0.8 | 0.7 | — | |
| + Income Taxes Paid | 0.9 | -1.8 | 0.7 | — | |
| Cash from Operating Activities | 20.2 | 27.7 | 54.5 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 92.7 | 19.4 | 1.1 | — | |
| + Acq of Intangible Assets | 11.8 | 0.0 | 0.0 | — | |
| + Disp of Fixed Assets | 0.1 | 3.4 | 0.0 | — | |
| + Acq of Intangibles under Development | 0.0 | 0.0 | 14.7 | — | |
| + Purchase of Investments (Equity / Debt) | 8.4 | 24.2 | 12.1 | — | |
| + Sale of Investments (Equity / Debt) | 24.0 | 1.0 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 81.3 | 6.4 | 6.3 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 3.2 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 1.1 | 3.3 | 4.6 | — | |
| + Other Inflows / (Outflows) — Investing | 0.0 | 0.0 | -56.1 | — | |
| Cash from Investing Activities | -165.8 | -42.3 | -85.7 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 137.3 | 135.9 | — | |
| + Proceeds from Exercise of Stock Options | 1.9 | 0.0 | 0.0 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 0.0 | 16.0 | 0.0 | — | |
| + Payments — Change in Ownership of Subsidiaries | 0.0 | 46.6 | 16.0 | — | |
| + Proceeds from Borrowings | 238.4 | 40.8 | 0.0 | — | |
| + Repayment of Borrowings | 50.2 | 48.8 | 1.8 | — | |
| + Payment of Lease Liabilities | 46.2 | 50.4 | 88.9 | — | |
| + Interest Paid | 21.8 | 29.7 | 1.5 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | -1.5 | 6.8 | — | |
| Cash from Financing Activities | 121.9 | 17.0 | 34.6 | — | |
| Net Changes in Cash (pre-FX) | -23.7 | 2.4 | 3.4 | — | |
| Net Changes in Cash | -23.7 | 2.4 | 3.4 | — | |
| Closing Cash | 7.3 | — | — | — | |
| Reference Items | |||||
| EBITDA | 3.1 | 46.0 | 88.2 | 109.9 | |
| EBITDA Margin % | 1.45 | 17.43 | 23.14 | 25.38 | |
| Free Cash Flow (CFO − Capex) | -84.2 | 8.3 | 53.4 | 53.4 | |
| Free Cash Flow to Equity | — | -134.3 | -27.3 | — | |
| Free Cash Flow per Basic Share | -11.02 | 1.09 | 6.99 | 6.99 | |
| Price to Free Cash Flow | — | — | — | 31.48 | |
| Cash Flow to Net Income | -0.31 | -0.67 | 76.80 | — | |
| Cash Paid for Taxes | 0.9 | -1.8 | 0.7 | — | |
| Cash Paid for Interest | 21.8 | 29.7 | 1.5 | — | |