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 | 384.8 | 569.9 | 654.0 | — | |
| + Impairment Loss / (Reversal) | 19.9 | 22.5 | 15.8 | — | |
| + Finance Costs | 186.9 | 264.8 | 275.7 | — | |
| + Interest Income | -12.5 | -15.2 | -15.7 | — | |
| + Share-based Payments | 10.0 | -9.2 | 2.4 | — | |
| + Unrealised FX (Gain) / Loss | 3.2 | 2.6 | -19.4 | — | |
| + Other Non-cash Items | -14.1 | -15.1 | -20.2 | — | |
| + Other Reconciling Items | -0.2 | 0.0 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 44.1 | -17.6 | -9.0 | — | |
| + Trade Receivables — Current | -13.3 | 10.6 | -21.1 | — | |
| + Other Financial Assets — Current | 0.0 | 0.0 | -19.6 | — | |
| + Other Current Assets | -41.0 | -10.1 | 0.0 | — | |
| + Trade Payables — Current | 0.0 | 0.0 | 144.2 | — | |
| + Other Current Liabilities | 47.7 | 81.8 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 3.7 | 13.1 | -56.4 | -36.6 | |
| + Total Adjustments (incl. Working Capital) | 615.5 | 885.1 | 987.2 | — | |
| Cash from Operations (pre-tax) | 619.2 | 898.2 | 930.9 | — | |
| + Income Taxes Paid | 26.7 | -2.0 | 11.7 | — | |
| Cash from Operating Activities | 592.5 | 900.2 | 919.2 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 478.5 | 491.0 | 459.0 | — | |
| + Disp of Fixed Assets | 16.6 | 9.1 | 18.2 | — | |
| + Acq of Subsidiaries / Businesses (net) | 1,091.3 | 0.0 | 0.0 | — | |
| + Investment in Partnership Firms / LLPs | 0.0 | 1.5 | 0.0 | — | |
| + Interest Received — Investing | 2.1 | 1.1 | 3.1 | — | |
| + Other Inflows / (Outflows) — Investing | 0.2 | 20.0 | -1.8 | — | |
| Cash from Investing Activities | -1,550.9 | -462.2 | -439.5 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 1.2 | 1.0 | 12.8 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 341.2 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 833.5 | 55.5 | 474.6 | — | |
| + Repayment of Borrowings | 0.0 | 80.2 | 170.0 | — | |
| + Payment of Lease Liabilities | 271.0 | 347.5 | 403.9 | — | |
| + Interest Paid | 16.5 | 54.5 | 52.3 | — | |
| + Other Inflows / (Outflows) — Financing | 174.7 | 0.3 | -51.2 | — | |
| Cash from Financing Activities | 1,063.2 | -425.4 | -189.9 | — | |
| Net Changes in Cash (pre-FX) | 104.8 | 12.7 | 289.7 | — | |
| + Effect of FX Rate Changes on Cash | 0.3 | 1.0 | 20.1 | — | |
| Net Changes in Cash | 105.1 | 13.7 | 309.9 | — | |
| Closing Cash | 167.6 | — | — | — | |
| Reference Items | |||||
| EBITDA | 646.5 | 810.8 | 849.7 | 897.9 | |
| EBITDA Margin % | 18.18 | 16.38 | 15.14 | 15.39 | |
| Free Cash Flow (CFO − Capex) | 114.0 | 409.3 | 460.2 | 460.2 | |
| Free Cash Flow to Equity | — | 376.4 | 836.6 | — | |
| Free Cash Flow per Basic Share | 0.92 | 3.32 | 3.73 | 3.73 | |
| Price to Free Cash Flow | — | — | — | 36.41 | |
| Cash Flow to Net Income | -61.38 | -130.47 | -21.61 | — | |
| Cash Paid for Taxes | 26.7 | -2.0 | 11.7 | — | |
| Cash Paid for Interest | 16.5 | 54.5 | 52.3 | — | |