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 | 91.9 | 113.8 | 126.5 | — | |
| + Finance Costs | 37.7 | 66.2 | 122.3 | — | |
| + Interest Income | -4.0 | -0.8 | -1.4 | — | |
| + Share-based Payments | 2.9 | 2.2 | 0.7 | — | |
| + Unrealised FX (Gain) / Loss | 0.4 | 1.6 | -8.6 | — | |
| + Other Non-cash Items | 0.4 | -0.2 | 0.6 | — | |
| + Other Reconciling Items | 8.3 | 0.8 | 9.3 | — | |
| Changes in Working Capital | |||||
| + Inventories | -27.1 | -66.3 | 14.1 | — | |
| + Trade Receivables — Current | -63.8 | 50.7 | -137.4 | — | |
| + Other Financial Assets — Current | -4.8 | 1.8 | -10.9 | — | |
| + Other Financial Assets — Non-current | -5.5 | -0.0 | -0.5 | — | |
| + Other Current Assets | -40.4 | -33.8 | -16.1 | — | |
| + Other Non-current Assets | -3.7 | -0.5 | -14.4 | — | |
| + Trade Payables — Current | 30.1 | 54.6 | 105.0 | — | |
| + Other Financial Liabilities — Current | 28.8 | -8.7 | 29.4 | — | |
| + Other Financial Liabilities — Non-current | 5.1 | 3.5 | 47.8 | — | |
| + Other Current Liabilities | -5.1 | 8.7 | 35.1 | — | |
| + Provisions — Current | -1.2 | -3.2 | 1.7 | — | |
| + Provisions — Non-current | 0.3 | -3.9 | 1.7 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 135.8 | -74.4 | -106.5 | 7.9 | |
| + Total Adjustments (incl. Working Capital) | 50.4 | 186.4 | 304.9 | — | |
| Cash from Operations (pre-tax) | 186.2 | 112.1 | 198.4 | — | |
| + Income Taxes Paid | 29.5 | 17.1 | 6.2 | — | |
| Cash from Operating Activities | 156.7 | 94.9 | 192.2 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 427.3 | 356.2 | 147.5 | — | |
| + Disp of Fixed Assets | 1.7 | 3.8 | 46.6 | — | |
| + Purchase of Investments (Equity / Debt) | 6.2 | 0.0 | 0.0 | — | |
| + Sale of Investments (Equity / Debt) | 0.0 | 7.9 | 0.0 | — | |
| + Interest Received — Investing | 4.5 | 0.8 | 1.4 | — | |
| + Other Inflows / (Outflows) — Investing | -6.4 | 4.5 | -2.1 | — | |
| Cash from Investing Activities | -433.8 | -339.1 | -101.6 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Other Equity Instruments | 0.8 | 1.6 | 1.3 | — | |
| + Proceeds from Borrowings | 251.1 | 264.3 | 146.5 | — | |
| + Repayment of Borrowings | -89.2 | -58.6 | 88.7 | — | |
| + Payment of Lease Liabilities | 0.0 | 5.2 | 11.0 | — | |
| + Payment of Finance Lease Liabilities | 3.8 | — | — | — | |
| + Interest Paid | 36.1 | 63.9 | 122.7 | — | |
| + Dividends Paid | 20.7 | 13.9 | 1.9 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 0.0 | -0.4 | — | |
| Cash from Financing Activities | 280.4 | 241.4 | -76.8 | — | |
| Net Changes in Cash (pre-FX) | 3.3 | -2.8 | 13.8 | — | |
| Net Changes in Cash | 3.3 | -2.8 | 13.8 | — | |
| Closing Cash | 14.9 | — | — | — | |
| Reference Items | |||||
| EBITDA | 244.3 | 99.3 | 141.8 | 165.3 | |
| EBITDA Margin % | 13.44 | 5.96 | 7.68 | 8.82 | |
| Free Cash Flow (CFO − Capex) | -270.6 | -261.2 | 44.7 | 44.7 | |
| Free Cash Flow to Equity | — | -3.5 | -35.7 | — | |
| Free Cash Flow per Basic Share | -29.32 | -28.30 | 4.84 | 4.84 | |
| Price to Free Cash Flow | — | — | — | 53.27 | |
| Cash Flow to Net Income | 1.62 | -1.22 | -1.95 | — | |
| Cash Paid for Taxes | 29.5 | 17.1 | 6.2 | — | |
| Cash Paid for Interest | 36.1 | 63.9 | 122.7 | — | |