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 | 35.3 | 44.9 | 67.0 | — | |
| + Finance Costs | 77.5 | 80.3 | 105.8 | — | |
| + Interest Income | -8.9 | -12.1 | -15.4 | — | |
| + Fair Value (Gains) / Losses | -0.0 | 0.0 | 0.0 | — | |
| + Unrealised FX (Gain) / Loss | -3.3 | -2.7 | -4.3 | — | |
| + Other Non-cash Items | -0.1 | 0.1 | -0.3 | — | |
| + Other Reconciling Items | 0.0 | 0.0 | 0.2 | — | |
| Changes in Working Capital | |||||
| + Inventories | -89.1 | -18.8 | -228.2 | — | |
| + Trade Receivables — Current | -0.5 | -154.5 | 27.0 | — | |
| + Trade Receivables — Non-current | 0.0 | 0.0 | -30.6 | — | |
| + Other Financial Assets — Non-current | 0.0 | -14.0 | 0.0 | — | |
| + Other Current Assets | -204.5 | 31.4 | 0.0 | — | |
| + Trade Payables — Current | 9.4 | -20.8 | 41.7 | — | |
| + Other Current Liabilities | 1.0 | 61.5 | 44.1 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 182.4 | 220.9 | 245.6 | 280.6 | |
| + Total Adjustments (incl. Working Capital) | -183.0 | -4.5 | 7.0 | — | |
| Cash from Operations (pre-tax) | -0.6 | 216.4 | 252.6 | — | |
| + Other Inflows / (Outflows) — Operating | 0.2 | 0.0 | 0.0 | — | |
| + Income Taxes Paid | 45.5 | 58.1 | 52.4 | — | |
| Cash from Operating Activities | -45.9 | 158.3 | 200.2 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 196.4 | 491.0 | 347.6 | — | |
| + Disp of Fixed Assets | 1.4 | 0.5 | 0.9 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 0.0 | 1.8 | — | |
| + Sale of Investments (Equity / Debt) | 0.0 | -10.1 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 15.0 | 0.0 | — | |
| + Interest Received — Investing | 8.9 | 12.1 | 15.4 | — | |
| Cash from Investing Activities | -186.2 | -473.5 | -333.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 421.3 | 32.6 | 22.5 | — | |
| + Proceeds from Borrowings | 14.6 | 269.6 | 238.1 | — | |
| + Interest Paid | 77.6 | 80.4 | 106.1 | — | |
| + Dividends Paid | 21.8 | 9.6 | 22.6 | — | |
| Cash from Financing Activities | 336.5 | 212.1 | 132.0 | — | |
| Net Changes in Cash (pre-FX) | 104.4 | -103.1 | -0.8 | — | |
| Net Changes in Cash | 104.4 | -103.1 | -0.8 | — | |
| Closing Cash | 104.8 | — | — | — | |
| Reference Items | |||||
| EBITDA | 282.2 | 310.8 | 398.3 | 440.9 | |
| EBITDA Margin % | 8.01 | 7.90 | 9.71 | 10.01 | |
| Free Cash Flow (CFO − Capex) | -242.3 | -332.7 | -147.4 | -147.4 | |
| Free Cash Flow to Equity | — | -143.6 | -15.6 | — | |
| Free Cash Flow per Basic Share | -72.90 | -100.10 | -44.34 | -44.34 | |
| Cash Flow to Net Income | -0.35 | 0.96 | 1.10 | — | |
| Cash Paid for Taxes | 45.5 | 58.1 | 52.4 | — | |
| Cash Paid for Interest | 77.6 | 80.4 | 106.1 | — | |