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 | 110.0 | 182.3 | 204.3 | — | |
| + Finance Costs | 248.3 | 169.0 | 168.5 | — | |
| + Interest Income | -15.9 | -21.1 | 0.0 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -14.7 | -121.6 | — | |
| + Share-based Payments | 0.0 | 0.0 | 32.3 | — | |
| + Unrealised FX (Gain) / Loss | 12.6 | 7.1 | 3.4 | — | |
| + Other Non-cash Items | 176.2 | 107.8 | 12.2 | — | |
| + Other Reconciling Items | 0.0 | 0.0 | 175.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -103.1 | -119.3 | -579.3 | — | |
| + Trade Receivables — Current | -479.3 | -1,645.6 | -1,795.4 | — | |
| + Other Financial Assets — Current | 6.8 | 17.3 | -55.1 | — | |
| + Other Current Assets | 312.5 | 111.7 | -404.2 | — | |
| + Trade Payables — Current | -124.6 | 457.8 | 277.7 | — | |
| + Other Financial Liabilities — Current | -23.5 | 187.2 | 377.5 | — | |
| + Other Current Liabilities | -205.7 | 161.8 | 459.7 | — | |
| + Provisions — Current | 1.3 | 6.3 | 4.9 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -47.2 | 536.8 | 659.1 | 617.5 | |
| + Total Adjustments (incl. Working Capital) | -84.6 | -392.4 | -1,239.9 | — | |
| Cash from Operations (pre-tax) | -131.8 | 144.4 | -580.8 | — | |
| + Interest Received — Operating | 0.0 | 0.0 | 7.7 | — | |
| + Income Taxes Paid | 15.4 | 6.4 | 25.0 | — | |
| Cash from Operating Activities | -147.3 | 138.0 | -598.1 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 750.6 | 620.5 | 649.3 | — | |
| + Disp of Fixed Assets | 24.3 | 0.0 | 1.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 110.3 | 1,531.3 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 1,673.4 | 0.0 | — | |
| + Interest Received — Investing | 49.0 | 0.0 | -15.8 | — | |
| + Income Taxes (Paid) / Refund — Investing | 0.0 | 1.4 | 0.0 | — | |
| + Other Inflows / (Outflows) — Investing | 47.5 | 73.7 | -185.8 | — | |
| Cash from Investing Activities | -740.2 | -406.0 | -849.9 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 790.1 | 1,619.1 | — | |
| + Proceeds from Other Equity Instruments | 1,010.0 | 152.5 | 0.0 | — | |
| + Payments for Other Equity Instruments | 0.0 | 0.0 | 560.0 | — | |
| + Proceeds from Borrowings | 514.6 | 0.0 | 700.0 | — | |
| + Repayment of Borrowings | 327.7 | 402.6 | 0.0 | — | |
| + Interest Paid | 318.9 | 264.0 | 166.2 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 0.9 | -35.1 | — | |
| Cash from Financing Activities | 878.0 | 276.9 | 1,557.8 | — | |
| Net Changes in Cash (pre-FX) | -9.5 | 8.9 | 109.8 | — | |
| + Effect of FX Rate Changes on Cash | 0.0 | 12.1 | 0.0 | — | |
| Net Changes in Cash | -9.5 | 21.0 | 109.8 | — | |
| Closing Cash | 12.0 | 21.0 | — | — | |
| Reference Items | |||||
| EBITDA | 268.6 | 757.2 | 891.4 | 861.4 | |
| EBITDA Margin % | 15.41 | 21.29 | 20.27 | 19.64 | |
| Free Cash Flow (CFO − Capex) | -897.9 | -482.5 | -1,247.4 | -1,247.4 | |
| Free Cash Flow to Equity | — | -2,528.7 | -1,328.5 | — | |
| Free Cash Flow per Basic Share | -5.20 | -2.79 | -7.22 | -7.22 | |
| Cash Flow to Net Income | 2.78 | 0.32 | -1.33 | — | |
| Cash Paid for Taxes | 15.4 | 6.4 | 25.0 | — | |
| Cash Paid for Interest | 318.9 | 264.0 | 166.2 | — | |