In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | |
|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | ||||
| + Depreciation & Amortisation | 235.9 | 242.6 | 253.2 | |
| + Impairment Loss / (Reversal) | 968.2 | -48.2 | 0.0 | |
| + Finance Costs | 469.2 | 418.7 | 432.9 | |
| + Dividend Income | 0.0 | 0.0 | -13.9 | |
| + Fair Value (Gains) / Losses | 0.0 | -13.9 | -18.2 | |
| + Unrealised FX (Gain) / Loss | -20.9 | -6.4 | -16.6 | |
| + Other Non-cash Items | -1,234.7 | 0.0 | -5.1 | |
| + Other — Cash Effects are Investing / Financing | 0.5 | 0.1 | 0.1 | |
| Changes in Working Capital | ||||
| + Inventories | -248.7 | -39.0 | -18.3 | |
| + Trade Receivables — Current | -194.9 | -67.6 | 85.9 | |
| + Other Financial Assets — Current | -226.9 | 94.3 | -15.5 | |
| + Other Current Assets | -123.6 | -56.8 | -17.1 | |
| + Trade Payables — Current | 148.2 | -151.8 | 105.2 | |
| + Other Financial Liabilities — Current | -18.9 | 0.0 | -18.5 | |
| + Other Financial Liabilities — Non-current | 0.0 | 0.0 | 42.8 | |
| + Other Current Liabilities | -53.9 | -25.0 | 0.0 | |
| + Other Non-current Liabilities | 71.5 | 15.2 | -19.4 | |
| + Provisions — Current | 140.2 | 68.2 | 17.2 | |
| + Provisions — Non-current | 0.0 | -17.1 | 0.0 | |
| Cash from Operating Activities | ||||
| Profit Before Tax (per I/S) | -34.4 | 127.7 | 42.7 | |
| + Total Adjustments (incl. Working Capital) | -61.3 | 412.7 | 792.7 | |
| Cash from Operations (pre-tax) | -95.7 | 540.4 | 835.4 | |
| + Dividends Received — Operating | 13.3 | -4.6 | 0.0 | |
| + Other Inflows / (Outflows) — Operating | 89.0 | 0.0 | 0.0 | |
| + Income Taxes Paid | -38.4 | 1.0 | -7.4 | |
| Cash from Operating Activities | 45.0 | 534.8 | 842.8 | |
| Cash from Investing Activities | ||||
| + Acq of Fixed Assets (Capex) | 159.9 | 227.9 | 245.4 | |
| + Disp of Fixed Assets | 17.2 | 8.7 | 8.2 | |
| + Acq of Investment Property | 1,097.7 | 32.0 | 0.0 | |
| + Disp of Investment Property | 4,295.8 | 0.0 | 0.0 | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 71.0 | 0.0 | |
| + Dividends Received — Investing | 0.0 | 0.0 | 9.0 | |
| + Interest Received — Investing | 14.4 | 4.4 | 0.0 | |
| + Other Inflows / (Outflows) — Investing | 68.1 | 2.9 | -0.4 | |
| Cash from Investing Activities | 3,137.8 | -314.9 | -228.7 | |
| Cash from Financing Activities | ||||
| + Proceeds from Issue of Shares | 26.1 | 136.0 | 14.1 | |
| + Proceeds from Other Equity Instruments | 0.0 | 49.9 | 0.0 | |
| + Proceeds — Change in Ownership of Subsidiaries | 0.0 | 0.5 | 9.9 | |
| + Proceeds from Borrowings | -2,896.2 | -50.1 | 39.0 | |
| + Repayment of Borrowings | 0.0 | 0.0 | 296.5 | |
| + Payment of Lease Liabilities | 31.2 | 24.3 | 32.2 | |
| + Interest Paid | 463.4 | 361.9 | 355.4 | |
| + Dividends Paid | 0.1 | 0.1 | 0.2 | |
| Cash from Financing Activities | -3,364.8 | -250.1 | -621.2 | |
| Net Changes in Cash (pre-FX) | -182.1 | -30.2 | -7.2 | |
| Net Changes in Cash | -182.1 | -30.2 | -7.2 | |
| Closing Cash | 117.7 | 87.5 | — | |
| Reference Items | ||||
| EBITDA | 671.2 | 784.3 | 714.9 | |
| EBITDA Margin % | 11.68 | 12.76 | 12.37 | |
| Free Cash Flow (CFO − Capex) | -114.9 | 306.9 | 597.3 | |
| Free Cash Flow to Equity | — | -8.8 | 61.1 | |
| Free Cash Flow per Basic Share | -1.66 | 4.44 | 8.64 | |
| Cash Flow to Net Income | 0.04 | 12.50 | 38.43 | |
| Cash Paid for Taxes | -38.4 | 1.0 | -7.4 | |
| Cash Paid for Interest | 463.4 | 361.9 | 355.4 | |