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 | 5,001.3 | 6,453.7 | 7,725.9 | — | |
| + Impairment Loss / (Reversal) | 1,355.7 | 1,502.5 | 1,696.6 | — | |
| + Finance Costs | 1,654.7 | 2,802.3 | 3,539.9 | — | |
| + Interest Income | -540.7 | -503.3 | -391.9 | — | |
| + Dividend Income | -27.3 | -31.3 | -44.7 | — | |
| + Fair Value (Gains) / Losses | -1,189.0 | -1,496.8 | -60.5 | — | |
| + Share-based Payments | 182.4 | 201.8 | 272.1 | — | |
| + Unrealised FX (Gain) / Loss | 22.0 | 65.0 | -29.0 | — | |
| + Other Non-cash Items | 517.9 | 231.5 | 160.9 | — | |
| + Other — Cash Effects are Investing / Financing | -184.1 | -604.4 | -179.9 | — | |
| Changes in Working Capital | |||||
| + Inventories | -2,433.8 | -1,153.3 | 249.2 | — | |
| + Trade Receivables — Current | -1,087.1 | -1,220.8 | -1,587.0 | — | |
| + Other Financial Assets — Current | -548.5 | -741.6 | -3,222.4 | — | |
| + Other Current Assets | -30,372.2 | -31,012.7 | -42,359.2 | — | |
| + Trade Payables — Current | 5,927.2 | 360.5 | 4,637.4 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 13,611.1 | 10,528.3 | 14,283.3 | 15,675.4 | |
| + Total Adjustments (incl. Working Capital) | -21,721.4 | -25,146.8 | -29,592.4 | — | |
| Cash from Operations (pre-tax) | -8,110.3 | -14,618.6 | -15,309.1 | — | |
| + Income Taxes Paid | 2,609.1 | 2,551.1 | 2,500.5 | — | |
| Cash from Operating Activities | -10,719.3 | -17,169.7 | -17,809.6 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 19,485.0 | 17,181.3 | 15,626.3 | — | |
| + Disp of Fixed Assets | 162.7 | 662.5 | 305.9 | — | |
| + Purchase of Investments (Equity / Debt) | 7,563.6 | 16,365.8 | 6,636.1 | — | |
| + Sale of Investments (Equity / Debt) | 3,593.3 | 19,156.7 | 3,456.6 | — | |
| + Acq of Interests in Joint Ventures | 123.2 | 395.6 | 425.1 | — | |
| + Disp of Interests in Joint Ventures | 639.0 | 0.0 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 10,112.8 | 52.7 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 320.0 | 788.5 | — | |
| + Loans & Advances Made | 49.5 | 35.0 | 0.0 | — | |
| + Loans & Advances Repaid | 17.4 | 46.4 | 33.5 | — | |
| + Dividends Received — Investing | 103.1 | 207.1 | 355.9 | — | |
| + Interest Received — Investing | 252.1 | 357.2 | 265.8 | — | |
| + Other Inflows / (Outflows) — Investing | -659.3 | -641.4 | -269.2 | — | |
| Cash from Investing Activities | -23,113.2 | -23,982.1 | -17,803.2 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 3,135.2 | 3,144.4 | 1,001.5 | — | |
| + Proceeds from Exercise of Stock Options | 78.8 | 70.3 | 124.4 | — | |
| + Buyback / Redemption of Own Shares | 132.6 | 114.6 | 215.3 | — | |
| + Proceeds from Borrowings | 53,366.7 | 68,870.8 | 69,389.2 | — | |
| + Repayment of Borrowings | 19,139.6 | 23,762.6 | 30,537.4 | — | |
| + Payment of Lease Liabilities | 417.3 | 630.2 | 909.8 | — | |
| + Interest Paid | 1,857.6 | 3,016.2 | 3,655.3 | — | |
| + Dividends Paid | 1,125.6 | 1,584.1 | 1,671.2 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 665.1 | -3.1 | — | |
| Cash from Financing Activities | 33,908.2 | 43,643.0 | 33,522.9 | — | |
| Net Changes in Cash (pre-FX) | 75.7 | 2,491.3 | -2,089.9 | — | |
| + Effect of FX Rate Changes on Cash | -0.6 | 3.8 | 5.1 | — | |
| Net Changes in Cash | 75.1 | 2,495.1 | -2,084.8 | — | |
| Closing Cash | 2,387.7 | 2.2 | 2.2 | — | |
| Reference Items | |||||
| EBITDA | 19,572.4 | 18,564.1 | 24,692.0 | 26,376.5 | |
| EBITDA Margin % | 14.94 | 12.50 | 14.08 | 14.33 | |
| Free Cash Flow (CFO − Capex) | -30,204.4 | -34,351.0 | -33,435.9 | -33,435.9 | |
| Free Cash Flow to Equity | — | 11,179.3 | 4,207.9 | — | |
| Free Cash Flow per Basic Share | -443.82 | -504.75 | -491.31 | -491.31 | |
| Cash Flow to Net Income | -1.08 | -2.21 | -1.73 | — | |
| Cash Paid for Taxes | 2,609.1 | 2,551.1 | 2,500.5 | — | |
| Cash Paid for Interest | 1,857.6 | 3,016.2 | 3,655.3 | — | |