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 | 158.1 | 151.4 | 164.2 | — | |
| + Impairment Loss / (Reversal) | 0.0 | 94.6 | 0.0 | — | |
| + Finance Costs | 296.5 | 315.7 | 290.6 | — | |
| + Interest Income | -5.0 | -6.5 | -4.7 | — | |
| + Fair Value (Gains) / Losses | 9.2 | 0.0 | 0.0 | — | |
| + Unrealised FX (Gain) / Loss | -0.2 | -3.0 | -134.4 | — | |
| + Undistributed Profits of Associates | 0.0 | 0.2 | 0.0 | — | |
| + Other Non-cash Items | 2.0 | 3.8 | 3.9 | — | |
| + Other — Cash Effects are Investing / Financing | 0.0 | -1.1 | -0.6 | — | |
| Changes in Working Capital | |||||
| + Inventories | -85.8 | -13.1 | -159.2 | — | |
| + Trade Receivables — Current | -249.8 | -181.9 | 75.8 | — | |
| + Other Current Assets | 17.1 | -85.1 | -8.0 | — | |
| + Trade Payables — Current | 12.3 | -28.7 | -146.6 | — | |
| + Other Current Liabilities | 1.8 | 3.4 | 4.8 | — | |
| + Provisions — Current | 4.3 | -1.9 | 6.1 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 162.8 | 17.5 | 121.9 | 115.7 | |
| + Total Adjustments (incl. Working Capital) | 160.5 | 247.4 | 91.8 | — | |
| Cash from Operations (pre-tax) | 323.3 | 264.9 | 213.6 | — | |
| + Income Taxes Paid | 0.9 | 29.8 | 9.5 | — | |
| Cash from Operating Activities | 322.3 | 235.1 | 204.1 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 48.4 | 0.0 | 27.2 | — | |
| + Disp of Fixed Assets | 0.0 | -23.6 | 0.1 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 4.0 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 5.7 | 0.0 | — | |
| + Interest Received — Investing | 4.4 | 5.8 | 4.5 | — | |
| + Other Inflows / (Outflows) — Investing | -73.4 | 85.5 | 14.3 | — | |
| Cash from Investing Activities | -117.4 | 58.0 | -8.3 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 376.9 | 0.0 | — | |
| + Proceeds from Borrowings | 249.1 | 153.6 | 389.7 | — | |
| + Repayment of Borrowings | 139.3 | 415.6 | 317.1 | — | |
| + Payment of Lease Liabilities | 0.0 | 16.9 | 14.3 | — | |
| + Payment of Finance Lease Liabilities | 18.4 | — | — | — | |
| + Interest Paid | 332.4 | 353.8 | 339.5 | — | |
| + Dividends Paid | 0.0 | 2.5 | 2.9 | — | |
| + Other Inflows / (Outflows) — Financing | 12.9 | 0.0 | 62.0 | — | |
| Cash from Financing Activities | -228.1 | -258.2 | -222.3 | — | |
| Net Changes in Cash (pre-FX) | -23.1 | 34.9 | -26.4 | — | |
| + Effect of FX Rate Changes on Cash | -0.2 | 0.3 | 2.4 | — | |
| Net Changes in Cash | -23.3 | 35.2 | -24.0 | — | |
| Closing Cash | 35.4 | — | — | — | |
| Reference Items | |||||
| EBITDA | 596.2 | 514.1 | 364.5 | 332.2 | |
| EBITDA Margin % | 20.98 | 18.51 | 14.49 | 13.40 | |
| Free Cash Flow (CFO − Capex) | 273.9 | 235.1 | 177.0 | 177.0 | |
| Free Cash Flow to Equity | — | -377.7 | -82.4 | — | |
| Free Cash Flow per Basic Share | 21.78 | 18.70 | 14.07 | 14.07 | |
| Price to Free Cash Flow | — | — | — | 4.89 | |
| Cash Flow to Net Income | 2.86 | 3.09 | 3.29 | — | |
| Cash Paid for Taxes | 0.9 | 29.8 | 9.5 | — | |
| Cash Paid for Interest | 332.4 | 353.8 | 339.5 | — | |