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 | 214.3 | 226.1 | 228.9 | — | |
| + Finance Costs | 107.9 | 133.4 | 138.3 | — | |
| + Interest Income | -10.3 | -13.2 | -8.3 | — | |
| + Dividend Income | -0.2 | -0.6 | -0.8 | — | |
| + Fair Value (Gains) / Losses | -7.1 | 1.4 | 3.3 | — | |
| + Share-based Payments | 3.2 | 2.2 | 7.3 | — | |
| + Unrealised FX (Gain) / Loss | -0.5 | 3.7 | -4.3 | — | |
| + Other — Cash Effects are Investing / Financing | 26.9 | 5.8 | -52.5 | — | |
| Changes in Working Capital | |||||
| + Inventories | -41.5 | 119.5 | -101.1 | — | |
| + Trade Receivables — Current | 26.6 | -63.2 | -87.4 | — | |
| + Other Financial Assets — Current | 9.1 | 14.9 | 2.4 | — | |
| + Other Current Assets | -5.8 | -47.0 | -87.1 | — | |
| + Trade Payables — Current | -73.3 | 263.1 | 767.0 | — | |
| + Other Financial Liabilities — Current | 52.8 | 0.0 | 0.0 | — | |
| + Other Financial Liabilities — Non-current | 0.0 | -19.9 | 15.4 | — | |
| + Other Current Liabilities | 80.2 | 0.0 | 0.0 | — | |
| + Other Non-current Liabilities | 0.0 | -10.1 | 15.7 | — | |
| + Provisions — Current | -1.2 | 0.0 | 0.0 | — | |
| + Provisions — Non-current | 0.0 | -0.5 | 32.6 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 420.6 | 500.2 | 571.8 | 552.1 | |
| + Total Adjustments (incl. Working Capital) | 381.1 | 615.7 | 869.3 | — | |
| Cash from Operations (pre-tax) | 801.7 | 1,115.9 | 1,441.1 | — | |
| + Income Taxes Paid | 123.7 | 146.5 | 160.0 | — | |
| Cash from Operating Activities | 678.0 | 969.3 | 1,281.2 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 384.4 | 224.7 | 296.7 | — | |
| + Disp of Fixed Assets | 7.5 | 0.0 | 0.0 | — | |
| + Acq of Investment Property | 0.0 | 0.0 | 10.0 | — | |
| + Disp of Investment Property | 0.0 | 13.0 | 62.6 | — | |
| + Purchase of Investments (Equity / Debt) | 8.0 | 0.0 | 0.0 | — | |
| + Sale of Investments (Equity / Debt) | 8.4 | 23.2 | 2.9 | — | |
| + Loans & Advances Made | 12.0 | 33.3 | -9.7 | — | |
| + Loans & Advances Repaid | 3.0 | 59.4 | 0.0 | — | |
| + Dividends Received — Investing | 48.3 | 67.4 | 71.2 | — | |
| + Interest Received — Investing | 10.2 | 13.0 | 8.2 | — | |
| + Other Inflows / (Outflows) — Investing | -0.3 | 0.5 | 1.6 | — | |
| Cash from Investing Activities | -327.3 | -81.5 | -150.4 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 0.0 | 37.2 | — | |
| + Proceeds from Exercise of Stock Options | 0.1 | 0.1 | 0.1 | — | |
| + Payments — Change in Ownership of Subsidiaries | 0.0 | 527.7 | 717.5 | — | |
| + Proceeds from Borrowings | 6,394.7 | 8,300.4 | 8,443.9 | — | |
| + Repayment of Borrowings | 6,407.7 | 8,327.8 | 8,258.2 | — | |
| + Payment of Lease Liabilities | 29.8 | 31.7 | 34.0 | — | |
| + Interest Paid | 101.4 | 121.9 | 128.8 | — | |
| + Dividends Paid | 183.6 | 192.3 | 211.6 | — | |
| Cash from Financing Activities | -327.6 | -900.8 | -868.9 | — | |
| Net Changes in Cash (pre-FX) | 23.0 | -13.0 | 261.9 | — | |
| Net Changes in Cash | 23.0 | -13.0 | 261.9 | — | |
| Closing Cash | 49.8 | — | — | — | |
| Reference Items | |||||
| EBITDA | 701.5 | 816.2 | 863.6 | 834.1 | |
| EBITDA Margin % | 7.34 | 8.70 | 8.44 | 7.96 | |
| Free Cash Flow (CFO − Capex) | 293.6 | 744.7 | 984.5 | 984.5 | |
| Free Cash Flow to Equity | — | 595.4 | 1,043.1 | — | |
| Free Cash Flow per Basic Share | 15.27 | 38.72 | 51.19 | 51.19 | |
| Price to Free Cash Flow | — | — | — | 13.15 | |
| Cash Flow to Net Income | 1.89 | 2.40 | 2.88 | — | |
| Cash Paid for Taxes | 123.7 | 146.5 | 160.0 | — | |
| Cash Paid for Interest | 101.4 | 121.9 | 128.8 | — | |