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 | 1,465.9 | 1,910.4 | 1,836.7 | — | |
| + Finance Costs | 2,818.5 | 3,524.0 | 3,745.0 | — | |
| + Interest Income | -260.0 | -372.8 | -382.1 | — | |
| + Dividend Income | 0.0 | -9.4 | -0.1 | — | |
| + Fair Value (Gains) / Losses | -163.9 | -150.8 | -166.0 | — | |
| + Unrealised FX (Gain) / Loss | 0.2 | 2.5 | 255.3 | — | |
| + Other Non-cash Items | -171.3 | 5.8 | 60.4 | — | |
| + Other — Cash Effects are Investing / Financing | 5.7 | 9.1 | 0.0 | — | |
| + Other Reconciling Items | 1.5 | -607.4 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -30.4 | 0.0 | 0.0 | — | |
| + Other Current Assets | 0.0 | -623.4 | -1,124.7 | — | |
| + Trade Payables — Current | 1,207.9 | 0.0 | 0.0 | — | |
| + Other Current Liabilities | 0.0 | 691.2 | 486.9 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -861.4 | -820.1 | 346.6 | 632.3 | |
| + Total Adjustments (incl. Working Capital) | 4,874.2 | 4,379.3 | 4,711.4 | — | |
| Cash from Operations (pre-tax) | 4,012.8 | 3,559.2 | 5,057.9 | — | |
| + Income Taxes Paid | 132.7 | 116.6 | 174.4 | — | |
| Cash from Operating Activities | 3,880.1 | 3,442.6 | 4,883.5 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 4,524.6 | 4,128.9 | 3,328.7 | — | |
| + Disp of Fixed Assets | 3.1 | 5.6 | 27.4 | — | |
| + Disp of Interests in Joint Ventures | 0.0 | 3.8 | 96.4 | — | |
| + Acq of Subsidiaries / Businesses (net) | 848.0 | 1,068.6 | 199.9 | — | |
| + Disp of Subsidiaries / Businesses (net) | 139.5 | 0.0 | 0.0 | — | |
| + Loans & Advances Made | 690.9 | 46.5 | 18.9 | — | |
| + Dividends Received — Investing | 239.3 | 231.7 | 218.6 | — | |
| + Interest Received — Investing | 190.5 | 251.1 | 956.6 | — | |
| + Other Inflows / (Outflows) — Investing | -297.2 | 1,079.2 | -1,328.1 | — | |
| Cash from Investing Activities | -5,788.4 | -3,672.6 | -3,576.6 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Debentures / Notes / Bonds | 1,026.1 | 0.0 | 116.3 | — | |
| + Proceeds from Borrowings | 11,299.7 | 5,572.7 | 11,660.8 | — | |
| + Repayment of Borrowings | 8,298.7 | 3,488.4 | 9,444.3 | — | |
| + Payment of Lease Liabilities | 0.0 | 133.6 | 154.4 | — | |
| + Payment of Finance Lease Liabilities | 52.0 | — | — | — | |
| + Interest Paid | 3,516.7 | 2,993.2 | 3,867.0 | — | |
| + Dividends Paid | 0.0 | 73.7 | 98.3 | — | |
| + Other Inflows / (Outflows) — Financing | 8.1 | 106.4 | 548.6 | — | |
| Cash from Financing Activities | 466.5 | -1,009.9 | -1,238.3 | — | |
| Net Changes in Cash (pre-FX) | -1,441.8 | -1,239.9 | 68.6 | — | |
| + Effect of FX Rate Changes on Cash | -3.3 | -0.8 | -12.4 | — | |
| Net Changes in Cash | -1,445.1 | -1,240.7 | 56.3 | — | |
| Closing Cash | 1,794.6 | — | — | — | |
| Reference Items | |||||
| EBITDA | 2,965.8 | 3,765.9 | 5,756.9 | 6,039.4 | |
| EBITDA Margin % | 33.88 | 36.16 | 38.88 | 38.80 | |
| Free Cash Flow (CFO − Capex) | -644.5 | -686.3 | 1,554.8 | 1,554.8 | |
| Free Cash Flow to Equity | — | -1,330.5 | 2,250.0 | — | |
| Free Cash Flow per Basic Share | -0.61 | -0.65 | 1.47 | 1.47 | |
| Price to Free Cash Flow | — | — | — | 65.81 | |
| Cash Flow to Net Income | -4.69 | -4.21 | 10.34 | — | |
| Cash Paid for Taxes | 132.7 | 116.6 | 174.4 | — | |
| Cash Paid for Interest | 3,516.7 | 2,993.2 | 3,867.0 | — | |