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 | 27.3 | 26.0 | 28.6 | — | |
| + Finance Costs | 18.6 | 31.6 | 38.4 | — | |
| + Dividend Income | -0.0 | 0.0 | 0.0 | — | |
| + Other Non-cash Items | 0.0 | 0.0 | -1.2 | — | |
| Changes in Working Capital | |||||
| + Inventories | -72.4 | -21.0 | -2.6 | — | |
| + Trade Receivables — Current | -20.7 | 25.1 | -55.2 | — | |
| + Other Financial Assets — Current | 1.4 | 0.0 | 0.0 | — | |
| + Other Current Assets | 0.0 | 2.0 | 6.2 | — | |
| + Other Non-current Assets | 0.0 | 0.0 | 0.0 | — | |
| + Trade Payables — Current | 71.3 | 6.5 | 21.1 | — | |
| + Other Financial Liabilities — Current | 1.8 | 0.4 | 2.5 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -11.3 | 2.9 | 2.9 | 8.1 | |
| + Total Adjustments (incl. Working Capital) | 27.3 | 70.7 | 37.9 | — | |
| Cash from Operations (pre-tax) | 15.9 | 73.6 | 40.8 | — | |
| + Income Taxes Paid | 2.8 | 0.1 | 0.0 | — | |
| Cash from Operating Activities | 13.1 | 73.5 | 40.8 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 111.5 | 93.1 | 64.9 | — | |
| + Disp of Intangible Assets | 0.0 | 0.0 | 0.0 | — | |
| + Acq of Investment Property | 0.0 | 0.0 | -0.7 | — | |
| + Disp of Other Long-term Assets | 0.0 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 0.0 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 1.1 | 0.4 | 3.4 | — | |
| + Other Inflows / (Outflows) — Investing | 0.0 | -6.9 | 12.9 | — | |
| Cash from Investing Activities | -110.4 | -99.5 | -47.9 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 55.2 | 49.0 | 53.1 | — | |
| + Payment of Lease Liabilities | 0.0 | -5.5 | 1.2 | — | |
| + Interest Paid | 20.4 | 32.7 | 40.1 | — | |
| + Other Inflows / (Outflows) — Financing | 14.5 | 5.5 | -14.1 | — | |
| Cash from Financing Activities | 49.2 | 27.3 | -2.2 | — | |
| Net Changes in Cash (pre-FX) | -48.0 | 1.2 | -9.3 | — | |
| Net Changes in Cash | -48.0 | 1.2 | -9.3 | — | |
| Closing Cash | -38.2 | -37.0 | — | — | |
| Reference Items | |||||
| EBITDA | 32.3 | 58.8 | 68.2 | 78.1 | |
| EBITDA Margin % | 4.47 | 8.26 | 7.90 | 8.09 | |
| Free Cash Flow (CFO − Capex) | -98.4 | -19.6 | -24.1 | -24.1 | |
| Free Cash Flow to Equity | — | -1.3 | 0.4 | — | |
| Free Cash Flow per Basic Share | -3.83 | -0.76 | -0.94 | -0.94 | |
| Cash Flow to Net Income | -1.11 | 21.22 | 13.93 | — | |
| Cash Paid for Taxes | 2.8 | 0.1 | 0.0 | — | |
| Cash Paid for Interest | 20.4 | 32.7 | 40.1 | — | |