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 | 33.8 | 39.6 | 44.4 | — | |
| + Finance Costs | 56.4 | 32.3 | 31.0 | — | |
| + Interest Income | -5.5 | -10.9 | -7.5 | — | |
| + Dividend Income | -0.2 | -0.3 | -0.5 | — | |
| + Share-based Payments | 5.5 | -15.0 | 5.9 | — | |
| + Unrealised FX (Gain) / Loss | 2.1 | 1.2 | -2.6 | — | |
| + Other Non-cash Items | 2.8 | 1.3 | 4.4 | — | |
| Changes in Working Capital | |||||
| + Inventories | -3.5 | 8.6 | -18.1 | — | |
| + Trade Receivables — Current | -40.5 | -67.7 | -110.8 | — | |
| + Other Financial Assets — Current | 9.3 | 43.5 | -148.7 | — | |
| + Trade Payables — Current | -12.6 | -8.2 | 114.2 | — | |
| + Provisions — Current | -0.2 | 0.8 | 6.6 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 53.0 | 87.5 | 113.8 | 79.4 | |
| + Total Adjustments (incl. Working Capital) | 47.4 | 25.2 | -81.7 | — | |
| Cash from Operations (pre-tax) | 100.4 | 112.7 | 32.0 | — | |
| + Income Taxes Paid | 21.5 | 24.4 | 33.4 | — | |
| Cash from Operating Activities | 78.9 | 88.3 | -1.4 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 20.4 | 37.9 | 133.3 | — | |
| + Disp of Fixed Assets | 0.3 | 11.0 | 0.7 | — | |
| + Acq of Other Long-term Assets | 90.8 | 20.3 | 0.0 | — | |
| + Disp of Other Long-term Assets | 4.5 | 46.5 | 12.9 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 0.0 | 5.8 | — | |
| + Acq of Subsidiaries / Businesses (net) | 57.2 | 2.1 | 0.0 | — | |
| + Receipts on Futures / Forwards / Options / Swaps | 0.0 | 0.0 | 50.4 | — | |
| + Interest Received — Investing | 0.8 | 11.4 | 4.3 | — | |
| Cash from Investing Activities | -162.7 | 8.6 | -70.7 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 206.6 | 0.0 | 0.0 | — | |
| + Proceeds from Exercise of Stock Options | 2.2 | 3.4 | 0.0 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 0.0 | 0.0 | 0.1 | — | |
| + Proceeds from Borrowings | 231.2 | 68.7 | 96.2 | — | |
| + Repayment of Borrowings | 317.5 | 118.9 | 10.0 | — | |
| + Payment of Lease Liabilities | 0.0 | 23.4 | 26.9 | — | |
| + Payment of Finance Lease Liabilities | 19.7 | — | — | — | |
| + Interest Paid | 38.4 | 29.3 | 21.8 | — | |
| + Dividends Paid | 0.4 | 0.0 | 0.0 | — | |
| Cash from Financing Activities | 63.9 | -99.5 | 37.7 | — | |
| Net Changes in Cash (pre-FX) | -19.9 | -2.5 | -34.4 | — | |
| + Effect of FX Rate Changes on Cash | 0.5 | -0.7 | -0.1 | — | |
| Net Changes in Cash | -19.5 | -3.3 | -34.5 | — | |
| Closing Cash | 55.6 | — | — | — | |
| Reference Items | |||||
| EBITDA | 130.4 | 142.4 | 177.5 | 152.1 | |
| EBITDA Margin % | 13.69 | 13.82 | 15.32 | 13.85 | |
| Free Cash Flow (CFO − Capex) | 58.6 | 50.4 | -134.7 | -134.7 | |
| Free Cash Flow to Equity | — | -27.8 | -69.5 | — | |
| Free Cash Flow per Basic Share | 13.77 | 11.86 | -31.65 | -31.65 | |
| Cash Flow to Net Income | 2.36 | 1.17 | -0.02 | — | |
| Cash Paid for Taxes | 21.5 | 24.4 | 33.4 | — | |
| Cash Paid for Interest | 38.4 | 29.3 | 21.8 | — | |