In ₹ Crore except Per Share 12 Months Ending | FY24 31/12/2023 | FY25 31/12/2024 | FY26 31/12/2025 | Last 12M 30/06/2026 | |
|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | |||||
| + Depreciation & Amortisation | 53.4 | 47.5 | 52.2 | — | |
| + Impairment Loss / (Reversal) | 3.7 | 0.0 | 0.0 | — | |
| + Finance Costs | 30.5 | 17.2 | 16.0 | — | |
| + Interest Income | -3.8 | -15.3 | -12.4 | — | |
| + Fair Value (Gains) / Losses | -0.7 | 3.4 | -2.1 | — | |
| + Share-based Payments | 0.0 | 1.1 | -0.1 | — | |
| + Unrealised FX (Gain) / Loss | 0.3 | -2.5 | 2.0 | — | |
| + Other Non-cash Items | 4.5 | 10.3 | 12.6 | — | |
| + Other — Cash Effects are Investing / Financing | -410.3 | -31.4 | -10.8 | — | |
| Changes in Working Capital | |||||
| + Inventories | 25.9 | 19.4 | 32.4 | — | |
| + Trade Receivables — Current | 105.1 | -27.3 | 22.2 | — | |
| + Other Financial Assets — Current | 0.0 | 1.5 | 1.8 | — | |
| + Other Financial Assets — Non-current | -1.4 | 0.0 | 0.0 | — | |
| + Other Current Assets | -2.9 | 4.4 | -0.1 | — | |
| + Trade Payables — Current | -13.0 | 8.2 | -27.1 | — | |
| + Other Financial Liabilities — Current | 2.3 | -7.0 | -8.4 | — | |
| + Other Current Liabilities | 14.1 | -4.4 | 1.7 | — | |
| + Provisions — Current | -7.6 | -4.0 | -9.1 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 500.0 | 116.8 | 158.3 | 184.0 | |
| + Total Adjustments (incl. Working Capital) | -199.9 | 21.0 | 70.9 | — | |
| Cash from Operations (pre-tax) | 300.1 | 137.9 | 229.2 | — | |
| + Income Taxes Paid | 26.5 | -4.5 | -8.6 | — | |
| Cash from Operating Activities | 273.6 | 142.3 | 237.8 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 94.9 | 66.4 | 55.5 | — | |
| + Disp of Fixed Assets | 3.8 | 4.8 | 1.4 | — | |
| + Disp of Other Long-term Assets | 428.7 | 22.1 | 0.0 | — | |
| + Purchase of Investments (Equity / Debt) | 100.0 | 350.0 | 290.0 | — | |
| + Sale of Investments (Equity / Debt) | 21.0 | 284.2 | 255.9 | — | |
| + Interest Received — Investing | 2.1 | 16.0 | 9.9 | — | |
| + Income Taxes (Paid) / Refund — Investing | 59.7 | 23.3 | 0.0 | — | |
| + Other Inflows / (Outflows) — Investing | -161.1 | 35.8 | -77.9 | — | |
| Cash from Investing Activities | 39.8 | -76.9 | -156.2 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 1,209.3 | 0.0 | 0.0 | — | |
| + Repayment of Borrowings | 1,372.4 | 100.0 | 0.0 | — | |
| + Payment of Lease Liabilities | 3.4 | 8.8 | 4.6 | — | |
| + Interest Paid | 29.8 | 14.7 | 16.0 | — | |
| + Dividends Paid | 15.2 | 37.8 | 15.1 | — | |
| Cash from Financing Activities | -211.5 | -161.3 | -35.8 | — | |
| Net Changes in Cash (pre-FX) | 101.9 | -95.8 | 45.9 | — | |
| + Effect of FX Rate Changes on Cash | 0.1 | 0.2 | -0.2 | — | |
| Net Changes in Cash | 102.0 | -95.6 | 45.6 | — | |
| Closing Cash | 144.5 | 48.9 | — | — | |
| Reference Items | |||||
| EBITDA | 194.7 | 117.3 | 190.8 | 224.6 | |
| EBITDA Margin % | 7.64 | 4.65 | 7.73 | 8.60 | |
| Free Cash Flow (CFO − Capex) | 178.7 | 75.9 | 182.3 | 182.3 | |
| Free Cash Flow to Equity | — | -40.2 | 166.3 | — | |
| Free Cash Flow per Basic Share | 23.65 | 10.05 | 24.13 | 24.13 | |
| Price to Free Cash Flow | — | — | — | 10.85 | |
| Cash Flow to Net Income | 0.67 | 1.62 | 2.01 | — | |
| Cash Paid for Taxes | 26.5 | -4.5 | -8.6 | — | |
| Cash Paid for Interest | 29.8 | 14.7 | 16.0 | — | |