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 | 1,498.0 | 1,331.0 | 1,349.0 | — | |
| + Impairment Loss / (Reversal) | -2.0 | 17.0 | 0.0 | — | |
| + Finance Costs | 386.0 | 399.0 | 480.0 | — | |
| + Interest Income | -175.0 | -109.0 | -65.0 | — | |
| + Dividend Income | -34.0 | -49.0 | -43.0 | — | |
| + Fair Value (Gains) / Losses | -13.0 | -15.0 | -12.0 | — | |
| + Share-based Payments | 3.0 | 0.0 | 0.0 | — | |
| + Unrealised FX (Gain) / Loss | 2.0 | 3.0 | 3.0 | — | |
| + Other Non-cash Items | -10.0 | -3.0 | -4.0 | — | |
| + Other — Cash Effects are Investing / Financing | -82.0 | -88.0 | -106.0 | — | |
| + Other Reconciling Items | 0.0 | 115.0 | -16.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 98.0 | -184.0 | 194.0 | — | |
| + Trade Receivables — Current | -136.0 | -66.0 | 25.0 | — | |
| + Other Current Assets | -221.0 | -290.0 | -401.0 | — | |
| + Trade Payables — Current | 305.0 | 284.0 | -536.0 | — | |
| + Provisions — Current | 0.0 | 26.0 | 59.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 1,070.0 | 817.0 | 1,450.0 | 1,186.0 | |
| + Total Adjustments (incl. Working Capital) | 1,619.0 | 1,371.0 | 927.0 | — | |
| Cash from Operations (pre-tax) | 2,689.0 | 2,188.0 | 2,377.0 | — | |
| + Income Taxes Paid | 54.0 | 71.0 | 99.0 | — | |
| Cash from Operating Activities | 2,635.0 | 2,117.0 | 2,278.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 2,827.0 | 2,664.0 | 2,056.0 | — | |
| + Disp of Fixed Assets | 104.0 | 38.0 | 15.0 | — | |
| + Acq of Other Long-term Assets | 0.0 | 0.0 | 47.0 | — | |
| + Purchase of Investments (Equity / Debt) | 570.0 | 54.0 | 1,036.0 | — | |
| + Sale of Investments (Equity / Debt) | 440.0 | 77.0 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 160.0 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 34.0 | 49.0 | 43.0 | — | |
| + Interest Received — Investing | 100.0 | 87.0 | 24.0 | — | |
| + Other Inflows / (Outflows) — Investing | -191.0 | 197.0 | 34.0 | — | |
| Cash from Investing Activities | -2,750.0 | -2,270.0 | -3,023.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds — Change in Ownership of Subsidiaries | 3.0 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 1,450.0 | 907.0 | 1,847.0 | — | |
| + Repayment of Borrowings | 561.0 | 259.0 | 316.0 | — | |
| + Payment of Lease Liabilities | 62.0 | 74.0 | 108.0 | — | |
| + Interest Paid | 439.0 | 444.0 | 446.0 | — | |
| + Dividends Paid | 169.0 | 169.0 | 169.0 | — | |
| Cash from Financing Activities | 222.0 | -39.0 | 808.0 | — | |
| Net Changes in Cash (pre-FX) | 107.0 | -192.0 | 63.0 | — | |
| Net Changes in Cash | 107.0 | -192.0 | 63.0 | — | |
| Closing Cash | 341.0 | 149.0 | 212.0 | — | |
| Reference Items | |||||
| EBITDA | 2,639.0 | 2,407.0 | 3,083.0 | 3,005.0 | |
| EBITDA Margin % | 17.96 | 17.22 | 20.83 | 19.96 | |
| Free Cash Flow (CFO − Capex) | -192.0 | -547.0 | 222.0 | 222.0 | |
| Free Cash Flow to Equity | — | -363.0 | 1,270.0 | — | |
| Free Cash Flow per Basic Share | -10.11 | -28.79 | 11.68 | 11.68 | |
| Price to Free Cash Flow | — | — | — | 149.99 | |
| Cash Flow to Net Income | 3.09 | 3.03 | 1.97 | — | |
| Cash Paid for Taxes | 54.0 | 71.0 | 99.0 | — | |
| Cash Paid for Interest | 439.0 | 444.0 | 446.0 | — | |