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 | 7,521.0 | 7,881.0 | 8,830.0 | — | |
| + Impairment Loss / (Reversal) | 385.0 | 1,269.0 | 636.0 | — | |
| + Finance Costs | 3,858.0 | 3,419.0 | 3,480.0 | — | |
| + Interest Income | -786.0 | -971.0 | -1,148.0 | — | |
| + Dividend Income | -34.0 | -38.0 | -39.0 | — | |
| + Fair Value (Gains) / Losses | -251.0 | -403.0 | -503.0 | — | |
| + Share-based Payments | 57.0 | 62.0 | 62.0 | — | |
| + Unrealised FX (Gain) / Loss | 342.0 | -32.0 | 425.0 | — | |
| + Undistributed Profits of Associates | 0.0 | -3.0 | 4.0 | — | |
| + Other Non-cash Items | -245.0 | -1,326.0 | 724.0 | — | |
| + Other — Cash Effects are Investing / Financing | 76.0 | 0.0 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 2,381.0 | -7,194.0 | -24,518.0 | — | |
| + Trade Receivables — Current | 1.0 | -3,139.0 | -5,306.0 | — | |
| + Other Financial Assets — Current | -98.0 | -349.0 | -4,275.0 | — | |
| + Other Financial Assets — Non-current | 0.0 | -184.0 | -2,382.0 | — | |
| + Other Current Assets | 1,074.0 | 0.0 | 0.0 | — | |
| + Trade Payables — Current | -1,731.0 | 7,508.0 | 19,316.0 | — | |
| + Other Financial Liabilities — Current | -81.0 | 0.0 | 1,497.0 | — | |
| + Other Financial Liabilities — Non-current | 0.0 | 0.0 | 1,431.0 | — | |
| + Other Current Liabilities | 398.0 | 129.0 | 0.0 | — | |
| + Other Non-current Liabilities | -146.0 | 908.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 14,010.0 | 22,334.0 | 18,500.0 | 22,213.0 | |
| + Total Adjustments (incl. Working Capital) | 12,721.0 | 7,543.0 | -1,774.0 | — | |
| Cash from Operations (pre-tax) | 26,731.0 | 29,877.0 | 16,726.0 | — | |
| + Income Taxes Paid | 2,675.0 | 5,467.0 | 6,476.0 | — | |
| Cash from Operating Activities | 24,056.0 | 24,410.0 | 10,250.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 15,728.0 | 20,649.0 | 30,096.0 | — | |
| + Disp of Fixed Assets | 50.0 | 245.0 | 338.0 | — | |
| + Disp of Other Long-term Assets | 1,899.0 | 0.0 | 0.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 7,290.0 | 1,325.0 | — | |
| + Loans & Advances Made | 3,468.0 | 305.0 | 2,460.0 | — | |
| + Loans & Advances Repaid | 2,445.0 | 2,184.0 | 4,393.0 | — | |
| + Dividends Received — Investing | 34.0 | 38.0 | 39.0 | — | |
| + Interest Received — Investing | 551.0 | 819.0 | 1,162.0 | — | |
| + Other Inflows / (Outflows) — Investing | -59.0 | 219.0 | 1,366.0 | — | |
| Cash from Investing Activities | -14,276.0 | -24,739.0 | -26,583.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Other Equity Instruments | 0.0 | 49.0 | 47.0 | — | |
| + Buyback / Redemption of Own Shares | 0.0 | 153.0 | 164.0 | — | |
| + Proceeds from Borrowings | 3,990.0 | 18,728.0 | 36,709.0 | — | |
| + Repayment of Borrowings | 5,750.0 | 15,221.0 | 10,246.0 | — | |
| + Payment of Lease Liabilities | 500.0 | 397.0 | 358.0 | — | |
| + Interest Paid | 3,912.0 | 4,044.0 | 4,791.0 | — | |
| + Dividends Paid | 667.0 | 778.0 | 1,110.0 | — | |
| + Other Inflows / (Outflows) — Financing | -3,978.0 | 0.0 | 0.0 | — | |
| Cash from Financing Activities | -10,817.0 | -1,816.0 | 20,087.0 | — | |
| Net Changes in Cash (pre-FX) | -1,037.0 | -2,145.0 | 3,754.0 | — | |
| + Effect of FX Rate Changes on Cash | 9.0 | 130.0 | 800.0 | — | |
| Net Changes in Cash | -1,028.0 | -2,015.0 | 4,554.0 | — | |
| Closing Cash | 11,810.0 | 9,795.0 | — | — | |
| Reference Items | |||||
| EBITDA | 23,872.0 | 31,805.0 | 34,884.0 | 40,910.0 | |
| EBITDA Margin % | 11.05 | 13.34 | 12.69 | 13.84 | |
| Free Cash Flow (CFO − Capex) | 8,328.0 | 3,761.0 | -19,846.0 | -19,846.0 | |
| Free Cash Flow to Equity | — | 7,147.0 | 10,091.0 | — | |
| Free Cash Flow per Basic Share | 37.51 | 16.94 | -89.40 | -89.40 | |
| Cash Flow to Net Income | 2.37 | 1.53 | 0.77 | — | |
| Cash Paid for Taxes | 2,675.0 | 5,467.0 | 6,476.0 | — | |
| Cash Paid for Interest | 3,912.0 | 4,044.0 | 4,791.0 | — | |