In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | Last 12M 30/09/2025 | |
|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | |||||
| + Depreciation & Amortisation | 28.7 | 32.4 | 37.4 | — | |
| + Finance Costs | 6.1 | 10.1 | 28.4 | — | |
| + Interest Income | -0.7 | -0.6 | -1.6 | — | |
| + Dividend Income | -0.0 | -0.0 | -0.0 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -2.1 | 1.6 | — | |
| + Other Reconciling Items | -2.6 | -9.5 | -3.2 | — | |
| Changes in Working Capital | |||||
| + Inventories | -49.5 | 7.0 | -139.5 | — | |
| + Trade Receivables — Current | -22.0 | -25.3 | -17.5 | — | |
| + Other Current Assets | -10.1 | -9.5 | 16.1 | — | |
| + Trade Payables — Current | 48.1 | 28.2 | 96.5 | — | |
| + Other Current Liabilities | -26.0 | 14.2 | -6.8 | — | |
| + Provisions — Current | 0.0 | -0.1 | 0.0 | — | |
| + Provisions — Non-current | 0.6 | 0.0 | 0.3 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 60.2 | 27.8 | 34.4 | 62.0 | |
| + Total Adjustments (incl. Working Capital) | -27.4 | 44.8 | 11.6 | — | |
| Cash from Operations (pre-tax) | 32.8 | 72.6 | 46.0 | — | |
| + Income Taxes Paid | 17.4 | 6.3 | 4.4 | — | |
| Cash from Operating Activities | 15.4 | 66.3 | 41.7 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 254.3 | 179.2 | 56.3 | — | |
| + Acq of Intangible Assets | 0.0 | 0.0 | 0.0 | — | |
| + Disp of Fixed Assets | 0.4 | 0.3 | 0.0 | — | |
| + Disp of Investment Property | 6.0 | 20.1 | 0.3 | — | |
| + Dividends Received — Investing | 0.0 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 0.7 | 0.6 | 1.6 | — | |
| Cash from Investing Activities | -247.2 | -158.3 | -54.3 | — | |
| Cash from Financing Activities | |||||
| + Buyback / Redemption of Own Shares | 0.0 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 136.0 | 100.9 | 43.0 | — | |
| + Payment of Lease Liabilities | 0.0 | 0.4 | -0.5 | — | |
| + Payment of Finance Lease Liabilities | 0.4 | 0.0 | — | — | |
| + Interest Paid | 6.1 | 9.8 | 28.4 | — | |
| + Dividends Paid | 5.2 | 3.1 | 1.9 | — | |
| Cash from Financing Activities | 124.3 | 87.6 | 13.2 | — | |
| Net Changes in Cash (pre-FX) | -107.5 | -4.4 | 0.6 | — | |
| Net Changes in Cash | -107.5 | -4.4 | 0.6 | — | |
| Closing Cash | -107.5 | 0.7 | — | — | |
| Reference Items | |||||
| EBITDA | 88.0 | 58.1 | 95.4 | 134.0 | |
| EBITDA Margin % | 7.46 | 4.21 | 4.72 | 5.93 | |
| Free Cash Flow (CFO − Capex) | -238.8 | -112.9 | -14.6 | -14.6 | |
| Free Cash Flow to Equity | — | -21.8 | 0.1 | — | |
| Free Cash Flow per Basic Share | -38.29 | -18.11 | -2.34 | -2.34 | |
| Cash Flow to Net Income | 0.34 | 3.73 | 1.69 | — | |
| Cash Paid for Taxes | 17.4 | 6.3 | 4.4 | — | |
| Cash Paid for Interest | 6.1 | 9.8 | 28.4 | — | |