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 | 198.1 | 244.8 | 283.9 | — | |
| + Impairment Loss / (Reversal) | 1,317.6 | 2,494.3 | 3,536.3 | — | |
| + Finance Costs | 9,230.8 | 12,494.5 | 14,384.1 | — | |
| + Interest Income | -470.4 | -668.6 | 0.0 | — | |
| + Dividend Income | -0.3 | -0.1 | 0.0 | — | |
| + Fair Value (Gains) / Losses | -128.3 | -188.0 | -114.0 | — | |
| + Share-based Payments | 55.4 | 74.5 | 84.1 | — | |
| + Other Non-cash Items | 20.3 | -155.2 | -1,263.4 | — | |
| + Other — Cash Effects are Investing / Financing | -23.4 | 0.0 | 0.0 | — | |
| + Other Reconciling Items | -40,958.2 | -42,125.5 | -39,309.9 | — | |
| Changes in Working Capital | |||||
| + Trade Receivables — Current | -210.8 | 92.0 | -207.9 | — | |
| + Other Financial Assets — Current | -100.4 | 190.2 | 0.0 | — | |
| + Other Financial Assets — Non-current | 0.0 | 0.0 | -84.7 | — | |
| + Trade Payables — Current | 389.1 | 159.2 | 627.3 | — | |
| + Other Financial Liabilities — Non-current | -50.3 | 49.0 | 218.8 | — | |
| + Provisions — Non-current | 51.8 | 41.6 | 45.9 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 4,605.3 | 5,741.5 | 6,973.0 | 7,663.8 | |
| + Total Adjustments (incl. Working Capital) | -30,679.3 | -27,297.3 | -21,799.5 | — | |
| Cash from Operations (pre-tax) | -26,074.0 | -21,555.8 | -14,826.4 | — | |
| + Interest Received — Operating | 443.7 | 660.7 | 814.3 | — | |
| + Interest Paid — Operating | 8,744.8 | 11,976.9 | 14,228.0 | — | |
| + Dividends Received — Operating | 0.3 | 0.1 | 0.1 | — | |
| + Other Inflows / (Outflows) — Operating | 0.0 | 2,000.2 | 0.0 | — | |
| + Income Taxes Paid | 1,308.1 | 1,541.4 | 1,780.8 | — | |
| Cash from Operating Activities | -35,682.9 | -32,413.2 | -30,020.8 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 1,076.2 | 199.5 | 265.1 | — | |
| + Disp of Fixed Assets | 5.4 | 12.9 | 23.4 | — | |
| + Other Inflows / (Outflows) — Investing | -1,783.8 | -2,761.5 | -2,312.3 | — | |
| Cash from Investing Activities | -2,854.6 | -2,948.1 | -2,554.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 2,009.2 | 47.5 | 1,468.1 | — | |
| + Proceeds from Debentures / Notes / Bonds | 26,793.1 | 23,665.3 | 30,416.3 | — | |
| + Proceeds from Borrowings | 1,17,663.8 | 1,37,086.2 | 1,31,409.0 | — | |
| + Repayment of Borrowings | 1,07,738.5 | 1,20,702.1 | 1,27,360.6 | — | |
| + Payment of Lease Liabilities | 89.5 | 133.6 | 153.3 | — | |
| + Dividends Paid | 166.8 | 168.1 | 169.5 | — | |
| Cash from Financing Activities | 38,471.2 | 39,795.3 | 35,610.0 | — | |
| Net Changes in Cash (pre-FX) | -66.2 | 4,434.0 | 3,035.2 | — | |
| Net Changes in Cash | -66.2 | 4,434.0 | 3,035.2 | — | |
| Closing Cash | 845.6 | — | — | — | |
| Reference Items | |||||
| EBITDA | 13,753.9 | 18,174.0 | 21,175.4 | 22,399.1 | |
| EBITDA Margin % | 71.86 | 70.32 | 68.15 | 68.58 | |
| Free Cash Flow (CFO − Capex) | -36,759.1 | -32,612.7 | -30,285.9 | -30,285.9 | |
| Free Cash Flow per Basic Share | -431.24 | -382.60 | -355.30 | -355.30 | |
| Cash Flow to Net Income | -10.43 | -7.60 | -5.74 | — | |
| Cash Paid for Taxes | 1,308.1 | 1,541.4 | 1,780.8 | — | |