In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | Last 12M 31/12/2025 | |
|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | |||||
| + Depreciation & Amortisation | 30.1 | 26.6 | 36.6 | — | |
| + Finance Costs | 247.3 | 246.9 | 245.5 | — | |
| + Interest Income | -112.3 | -189.2 | -200.4 | — | |
| + Dividend Income | -0.4 | -0.5 | -0.5 | — | |
| + Other Non-cash Items | -0.4 | -0.7 | -0.0 | — | |
| + Other — Cash Effects are Investing / Financing | -8.4 | -2.4 | -1.7 | — | |
| + Other Reconciling Items | 0.0 | 245.6 | -24.6 | — | |
| Changes in Working Capital | |||||
| + Inventories | -340.3 | -157.6 | 197.0 | — | |
| + Trade Receivables — Current | -304.3 | 137.7 | -125.8 | — | |
| + Other Financial Assets — Current | 0.0 | 0.0 | 7.5 | — | |
| + Other Financial Assets — Non-current | 388.3 | -111.1 | 0.0 | — | |
| + Other Current Assets | 25.5 | 34.3 | -19.8 | — | |
| + Other Non-current Assets | -15.2 | 0.0 | 0.0 | — | |
| + Trade Payables — Current | -200.0 | 105.8 | 7.8 | — | |
| + Other Current Liabilities | 46.7 | -301.9 | -26.1 | — | |
| + Other Non-current Liabilities | 0.0 | 241.9 | -1.3 | — | |
| + Provisions — Current | -18.6 | -25.7 | -8.3 | — | |
| + Provisions — Non-current | 207.7 | -6.3 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 613.0 | 43.5 | 53.7 | 42.2 | |
| + Total Adjustments (incl. Working Capital) | -54.2 | 243.5 | 85.9 | — | |
| Cash from Operations (pre-tax) | 558.7 | 287.0 | 139.7 | — | |
| + Interest Received — Operating | 91.2 | 0.0 | 0.0 | — | |
| + Dividends Received — Operating | 0.4 | 0.0 | 0.0 | — | |
| + Other Inflows / (Outflows) — Operating | -4.2 | -8.7 | 0.0 | — | |
| + Income Taxes Paid | -0.5 | -0.2 | -0.3 | — | |
| Cash from Operating Activities | 646.6 | 278.5 | 140.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 92.7 | 172.0 | 153.3 | — | |
| + Acq of Intangible Assets | 0.1 | 0.1 | 0.0 | — | |
| + Disp of Fixed Assets | 11.5 | 2.6 | 0.6 | — | |
| + Loans & Advances Repaid | 0.0 | 0.0 | 6.1 | — | |
| + Dividends Received — Investing | 0.0 | 0.5 | 0.5 | — | |
| + Interest Received — Investing | 0.0 | 169.5 | 181.7 | — | |
| + Other Inflows / (Outflows) — Investing | -693.4 | 213.3 | -317.9 | — | |
| Cash from Investing Activities | -774.6 | 213.7 | -282.3 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 3.9 | 0.0 | 0.0 | — | |
| + Repayment of Borrowings | 0.0 | 33.5 | 5.1 | — | |
| + Interest Paid | 8.3 | 8.1 | 4.1 | — | |
| + Dividends Paid | 0.0 | 64.6 | 62.7 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 0.0 | -3.2 | — | |
| Cash from Financing Activities | -4.5 | -106.2 | -75.1 | — | |
| Net Changes in Cash (pre-FX) | -132.5 | 386.0 | -217.3 | — | |
| Net Changes in Cash | -132.5 | 386.0 | -217.3 | — | |
| Closing Cash | -132.5 | 435.7 | — | — | |
| Reference Items | |||||
| EBITDA | 754.9 | 359.5 | 94.8 | 105.4 | |
| EBITDA Margin % | 12.18 | 7.11 | 2.34 | 1.99 | |
| Free Cash Flow (CFO − Capex) | 553.8 | 106.4 | -13.4 | -13.4 | |
| Free Cash Flow to Equity | — | 64.8 | -22.6 | — | |
| Free Cash Flow per Basic Share | 8.56 | 1.64 | -0.21 | -0.21 | |
| Cash Flow to Net Income | 1.05 | 1.91 | 3.39 | — | |
| Cash Paid for Taxes | -0.5 | -0.2 | -0.3 | — | |
| Cash Paid for Interest | 8.3 | 8.1 | 4.1 | — | |