In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | Last 12M 30/09/2025 | |
|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | |||||
| + Depreciation & Amortisation | 97.9 | 85.6 | 93.8 | — | |
| + Finance Costs | 0.0 | 0.1 | 0.1 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -0.0 | 0.5 | — | |
| + Unrealised FX (Gain) / Loss | 10.6 | -1.7 | -0.0 | — | |
| + Other Non-cash Items | 200.6 | -3.1 | -40.1 | — | |
| + Other Reconciling Items | -0.3 | -1.6 | -0.1 | — | |
| Changes in Working Capital | |||||
| + Inventories | -63.3 | -128.3 | -298.5 | — | |
| + Trade Receivables — Current | -175.8 | 29.6 | -235.1 | — | |
| + Other Financial Assets — Non-current | 0.1 | 0.0 | 0.0 | — | |
| + Other Current Assets | -136.8 | 12.8 | 56.0 | — | |
| + Trade Payables — Current | 111.8 | -19.4 | -86.7 | — | |
| + Provisions — Current | 20.2 | -184.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 104.9 | 963.2 | 778.0 | 412.4 | |
| + Total Adjustments (incl. Working Capital) | 65.1 | -210.1 | -510.2 | — | |
| Cash from Operations (pre-tax) | 170.0 | 753.1 | 267.8 | — | |
| + Interest Received — Operating | -5.1 | -9.8 | -10.8 | — | |
| + Interest Paid — Operating | -87.6 | -70.8 | -58.1 | — | |
| + Other Inflows / (Outflows) — Operating | 73.8 | 22.3 | 0.0 | — | |
| + Income Taxes Paid | 5.4 | -2.3 | 3.9 | — | |
| Cash from Operating Activities | 320.9 | 838.7 | 311.3 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 92.4 | 381.3 | 357.8 | — | |
| + Disp of Fixed Assets | 0.4 | 1.5 | 3.8 | — | |
| + Acq of Investment Property | 0.0 | 20.0 | 0.0 | — | |
| + Disp of Investment Property | 0.0 | 20.0 | 0.0 | — | |
| + Interest Received — Investing | 4.0 | 7.0 | 10.0 | — | |
| + Other Inflows / (Outflows) — Investing | -29.6 | -25.4 | -8.1 | — | |
| Cash from Investing Activities | -117.6 | -398.2 | -352.2 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 182.0 | 69.3 | 0.0 | — | |
| + Proceeds from Other Equity Instruments | 44.3 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 0.0 | 589.9 | 266.6 | — | |
| + Repayment of Borrowings | 332.9 | 981.8 | 180.5 | — | |
| + Payment of Lease Liabilities | 0.0 | 0.0 | 0.1 | — | |
| + Interest Paid | 85.3 | 93.6 | 61.5 | — | |
| + Other Inflows / (Outflows) — Financing | -0.1 | -0.1 | 63.5 | — | |
| Cash from Financing Activities | -192.1 | -416.3 | 88.0 | — | |
| Net Changes in Cash (pre-FX) | 11.3 | 24.2 | 47.1 | — | |
| Net Changes in Cash | 11.3 | 24.2 | 47.1 | — | |
| Closing Cash | 24.5 | 47.7 | — | — | |
| Reference Items | |||||
| EBITDA | 256.2 | 906.3 | 866.8 | 521.8 | |
| EBITDA Margin % | 4.18 | 14.13 | 13.65 | 9.02 | |
| Free Cash Flow (CFO − Capex) | 228.5 | 457.4 | -46.5 | -46.5 | |
| Free Cash Flow to Equity | — | -24.8 | -21.8 | — | |
| Free Cash Flow per Basic Share | 2.50 | 5.01 | -0.51 | -0.51 | |
| Cash Flow to Net Income | 5.55 | 0.95 | 0.56 | — | |
| Cash Paid for Taxes | 5.4 | -2.3 | 3.9 | — | |
| Cash Paid for Interest | 85.3 | 93.6 | 61.5 | — | |