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 | 81.8 | 105.5 | 157.3 | — | |
| + Impairment Loss / (Reversal) | -11.0 | 0.9 | 2.1 | — | |
| + Finance Costs | 147.3 | 185.0 | 242.1 | — | |
| + Interest Income | 0.0 | -25.0 | 0.0 | — | |
| + Dividend Income | -21.1 | 0.0 | -24.8 | — | |
| + Unrealised FX (Gain) / Loss | 3.5 | -4.1 | -4.5 | — | |
| + Undistributed Profits of Associates | -0.9 | 0.0 | 0.0 | — | |
| + Other Non-cash Items | -0.1 | 4.8 | 49.3 | — | |
| + Other Reconciling Items | -0.2 | 0.0 | -0.7 | — | |
| Changes in Working Capital | |||||
| + Inventories | -16.6 | -124.4 | -517.2 | — | |
| + Trade Receivables — Current | -419.1 | 431.4 | -225.2 | — | |
| + Other Financial Assets — Current | -1.8 | -438.0 | -120.4 | — | |
| + Other Financial Assets — Non-current | -1.3 | 0.0 | 0.0 | — | |
| + Other Current Assets | -58.1 | -507.6 | -358.0 | — | |
| + Other Non-current Assets | -7.5 | -8.7 | 9.7 | — | |
| + Trade Payables — Current | -70.4 | 271.0 | -71.2 | — | |
| + Other Financial Liabilities — Current | -168.1 | 162.2 | -10.3 | — | |
| + Other Current Liabilities | 158.9 | 118.1 | 100.4 | — | |
| + Other Non-current Liabilities | 5.4 | 6.8 | 11.7 | — | |
| + Provisions — Current | -0.0 | 3.6 | -2.7 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 453.1 | 216.2 | 427.7 | 803.0 | |
| + Total Adjustments (incl. Working Capital) | -377.5 | 181.5 | -762.2 | — | |
| Cash from Operations (pre-tax) | 75.6 | 397.8 | -334.6 | — | |
| + Income Taxes Paid | 120.5 | 1.8 | 43.6 | — | |
| Cash from Operating Activities | -44.9 | 396.0 | -378.1 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 183.5 | 230.2 | 230.2 | — | |
| + Acq of Intangible Assets | 226.5 | 179.0 | 115.1 | — | |
| + Disp of Fixed Assets | 0.5 | 1.7 | 0.5 | — | |
| + Disp of Intangible Assets | 9.0 | 0.0 | 0.0 | — | |
| + Disp of Investment Property | 0.0 | 4.2 | 12.1 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 4.5 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 0.0 | -3.0 | — | |
| + Loans & Advances Made | -2.0 | -6.3 | 13.4 | — | |
| + Dividends Received — Investing | 0.0 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 3.8 | 4.9 | 4.4 | — | |
| + Other Inflows / (Outflows) — Investing | -53.9 | -121.8 | 20.5 | — | |
| Cash from Investing Activities | -448.7 | -518.4 | -324.1 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 353.0 | 0.7 | 543.6 | — | |
| + Proceeds from Other Equity Instruments | 73.2 | 10.2 | 0.0 | — | |
| + Proceeds from Borrowings | 320.2 | 590.2 | 570.7 | — | |
| + Repayment of Borrowings | 91.2 | 226.4 | 198.4 | — | |
| + Payment of Lease Liabilities | 6.9 | 10.1 | 14.9 | — | |
| + Interest Paid | 156.6 | 166.1 | 217.2 | — | |
| + Dividends Paid | 28.6 | 28.8 | 14.4 | — | |
| + Other Inflows / (Outflows) — Financing | -9.1 | 0.0 | 0.0 | — | |
| Cash from Financing Activities | 454.0 | 169.6 | 669.4 | — | |
| Net Changes in Cash (pre-FX) | -39.6 | 47.2 | -32.9 | — | |
| Net Changes in Cash | -39.6 | 47.2 | -32.9 | — | |
| Closing Cash | 23.3 | — | — | — | |
| Reference Items | |||||
| EBITDA | 581.5 | 449.0 | 761.9 | 1,146.5 | |
| EBITDA Margin % | 13.02 | 11.05 | 15.39 | 19.13 | |
| Free Cash Flow (CFO − Capex) | -454.9 | -13.2 | -723.4 | -723.4 | |
| Free Cash Flow to Equity | — | 184.5 | -568.3 | — | |
| Free Cash Flow per Basic Share | -2.97 | -0.09 | -4.73 | -4.73 | |
| Cash Flow to Net Income | -0.13 | 2.29 | -1.15 | — | |
| Cash Paid for Taxes | 120.5 | 1.8 | 43.6 | — | |
| Cash Paid for Interest | 156.6 | 166.1 | 217.2 | — | |