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 | 124.5 | 142.1 | 172.6 | — | |
| + Finance Costs | 218.8 | 160.7 | 143.7 | — | |
| + Interest Income | -58.5 | -57.2 | -74.0 | — | |
| + Dividend Income | -0.0 | 0.0 | 0.0 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -3.2 | 0.0 | — | |
| + Unrealised FX (Gain) / Loss | 8.6 | -8.9 | -13.5 | — | |
| + Other Non-cash Items | -2.8 | -10.0 | -109.2 | — | |
| Changes in Working Capital | |||||
| + Inventories | -4.3 | -163.5 | 206.4 | — | |
| + Trade Receivables — Current | -205.6 | -108.2 | 547.8 | — | |
| + Other Current Assets | -20.1 | -8.4 | 50.2 | — | |
| + Trade Payables — Current | 39.7 | -98.5 | 67.2 | — | |
| + Provisions — Current | 0.7 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 937.3 | 856.1 | 218.9 | 166.3 | |
| + Total Adjustments (incl. Working Capital) | 101.1 | -155.3 | 991.2 | — | |
| Cash from Operations (pre-tax) | 1,038.4 | 700.8 | 1,210.1 | — | |
| + Income Taxes Paid | 232.9 | 220.4 | 63.4 | — | |
| Cash from Operating Activities | 805.5 | 480.4 | 1,146.6 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 244.4 | 277.7 | 130.1 | — | |
| + Disp of Fixed Assets | 4.1 | 3.6 | 24.3 | — | |
| + Acq of Investment Property | 4,340.3 | 3,897.3 | 3,971.3 | — | |
| + Disp of Investment Property | 4,305.1 | 3,918.3 | 3,550.8 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 0.0 | 119.2 | — | |
| + Dividends Received — Investing | 0.0 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 42.3 | 27.7 | 99.2 | — | |
| + Other Inflows / (Outflows) — Investing | 196.7 | 83.4 | 410.4 | — | |
| Cash from Investing Activities | -36.5 | -141.9 | -135.9 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 321.8 | 0.0 | 167.5 | — | |
| + Repayment of Borrowings | 812.4 | 228.3 | 830.5 | — | |
| + Payment of Lease Liabilities | 0.0 | 5.4 | 14.5 | — | |
| + Payment of Finance Lease Liabilities | 10.4 | — | — | — | |
| + Interest Paid | 209.9 | 164.4 | 136.1 | — | |
| + Dividends Paid | 84.4 | 55.6 | 86.5 | — | |
| + Other Inflows / (Outflows) — Financing | 75.0 | -0.6 | -0.2 | — | |
| Cash from Financing Activities | -720.4 | -454.4 | -900.4 | — | |
| Net Changes in Cash (pre-FX) | 48.6 | -115.9 | 110.4 | — | |
| Net Changes in Cash | 48.6 | -115.9 | 110.4 | — | |
| Closing Cash | 279.1 | 167.4 | — | — | |
| Reference Items | |||||
| EBITDA | 1,178.4 | 1,035.8 | 359.0 | 288.7 | |
| EBITDA Margin % | 15.76 | 14.15 | 6.07 | 4.99 | |
| Free Cash Flow (CFO − Capex) | 561.2 | 202.8 | 1,016.5 | 1,016.5 | |
| Free Cash Flow to Equity | — | -168.4 | 333.4 | — | |
| Free Cash Flow per Basic Share | 9.08 | 3.28 | 16.44 | 16.44 | |
| Price to Free Cash Flow | — | — | — | 4.88 | |
| Cash Flow to Net Income | 1.09 | 0.68 | 7.10 | — | |
| Cash Paid for Taxes | 232.9 | 220.4 | 63.4 | — | |
| Cash Paid for Interest | 209.9 | 164.4 | 136.1 | — | |