In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | |
|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | ||||
| + Depreciation & Amortisation | 9.9 | 11.6 | 12.4 | |
| + Impairment Loss / (Reversal) | 19.2 | 0.0 | 0.0 | |
| + Finance Costs | 1.5 | 1.4 | 0.0 | |
| + Share-based Payments | 12.3 | 13.5 | 20.7 | |
| + Other Non-cash Items | -29.8 | 0.0 | 0.8 | |
| Changes in Working Capital | ||||
| + Trade Receivables — Current | 0.0 | -0.4 | -5.1 | |
| + Other Financial Assets — Non-current | -1,483.2 | 0.0 | -1,776.0 | |
| + Other Current Assets | 0.0 | -36.3 | 0.0 | |
| + Other Non-current Assets | -7.0 | -1,798.8 | -49.3 | |
| + Other Bank Balances | -230.3 | 0.0 | -14.5 | |
| + Trade Payables — Current | -1.1 | 4.0 | -0.1 | |
| + Other Financial Liabilities — Current | 3.9 | 0.0 | 0.0 | |
| + Other Financial Liabilities — Non-current | 0.0 | -16.9 | 70.4 | |
| + Other Non-current Liabilities | 0.0 | 0.0 | 16.7 | |
| + Provisions — Current | -2.2 | 1.5 | 0.0 | |
| + Provisions — Non-current | 0.0 | 0.0 | 3.1 | |
| Cash from Operating Activities | ||||
| Profit Before Tax (per I/S) | 319.2 | 489.2 | 653.3 | |
| + Total Adjustments (incl. Working Capital) | -1,706.8 | -1,820.3 | -1,720.9 | |
| Cash from Operations (pre-tax) | -1,387.6 | -1,331.2 | -1,067.6 | |
| + Income Taxes Paid | 75.1 | 103.6 | 131.8 | |
| Cash from Operating Activities | -1,462.7 | -1,434.8 | -1,199.5 | |
| Cash from Investing Activities | ||||
| + Acq of Fixed Assets (Capex) | 6.2 | 9.1 | 11.3 | |
| + Disp of Fixed Assets | 0.3 | 0.4 | 0.4 | |
| + Other Inflows / (Outflows) — Investing | 0.0 | -52.7 | -79.9 | |
| Cash from Investing Activities | -6.0 | -61.4 | -90.9 | |
| Cash from Financing Activities | ||||
| + Proceeds from Issue of Shares | 792.9 | 17.5 | 0.0 | |
| + Proceeds from Exercise of Stock Options | 0.0 | 0.0 | 16.8 | |
| + Proceeds from Debentures / Notes / Bonds | 0.0 | 50.0 | 150.0 | |
| + Proceeds from Borrowings | 1,588.7 | 2,863.5 | 2,853.0 | |
| + Repayment of Borrowings | 1,154.8 | 1,356.5 | 1,720.0 | |
| + Payment of Lease Liabilities | 7.3 | 8.3 | 8.1 | |
| + Dividends Paid | 0.0 | 0.0 | 54.0 | |
| Cash from Financing Activities | 1,219.6 | 1,566.2 | 1,237.8 | |
| Net Changes in Cash (pre-FX) | -249.0 | 70.0 | -52.6 | |
| Net Changes in Cash | -249.0 | 70.0 | -52.6 | |
| Closing Cash | 111.9 | — | 129.4 | |
| Reference Items | ||||
| EBITDA | 585.9 | 845.4 | 1,110.3 | |
| EBITDA Margin % | 70.62 | 72.52 | 72.64 | |
| Free Cash Flow (CFO − Capex) | -1,468.9 | -1,443.8 | -1,210.8 | |
| Free Cash Flow per Basic Share | -135.06 | -132.76 | -111.33 | |
| Cash Flow to Net Income | -5.91 | -3.80 | -2.38 | |
| Cash Paid for Taxes | 75.1 | 103.6 | 131.8 | |