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 | 242.6 | 253.2 | 281.9 | — | |
| + Impairment Loss / (Reversal) | -48.2 | 0.0 | 0.0 | — | |
| + Finance Costs | 418.7 | 432.9 | 458.4 | — | |
| + Dividend Income | 0.0 | -13.9 | -13.7 | — | |
| + Fair Value (Gains) / Losses | -13.9 | -18.2 | -13.1 | — | |
| + Unrealised FX (Gain) / Loss | -6.4 | -16.6 | 2.2 | — | |
| + Other Non-cash Items | 0.0 | -5.1 | 0.0 | — | |
| + Other — Cash Effects are Investing / Financing | 0.1 | 0.1 | -0.1 | — | |
| + Other Reconciling Items | 0.0 | 0.0 | -0.1 | — | |
| Changes in Working Capital | |||||
| + Inventories | -39.0 | -18.3 | -39.5 | — | |
| + Trade Receivables — Current | -67.6 | 85.9 | -153.1 | — | |
| + Other Financial Assets — Current | 94.3 | -15.5 | -118.2 | — | |
| + Other Current Assets | -56.8 | -17.1 | 0.0 | — | |
| + Trade Payables — Current | -151.8 | 105.2 | 166.6 | — | |
| + Other Financial Liabilities — Current | 0.0 | -18.5 | 19.5 | — | |
| + Other Financial Liabilities — Non-current | 0.0 | 42.8 | 0.0 | — | |
| + Other Current Liabilities | -25.0 | 0.0 | -23.4 | — | |
| + Other Non-current Liabilities | 15.2 | -19.4 | 0.0 | — | |
| + Provisions — Current | 68.2 | 17.2 | 54.9 | — | |
| + Provisions — Non-current | -17.1 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 127.7 | 42.7 | 19.6 | -11.4 | |
| + Total Adjustments (incl. Working Capital) | 412.7 | 792.7 | 630.0 | — | |
| Cash from Operations (pre-tax) | 540.4 | 835.4 | 649.6 | — | |
| + Dividends Received — Operating | -4.6 | 0.0 | 0.0 | — | |
| + Income Taxes Paid | 1.0 | -7.4 | 30.8 | — | |
| Cash from Operating Activities | 534.8 | 842.8 | 618.8 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 227.9 | 245.4 | 353.6 | — | |
| + Disp of Fixed Assets | 8.7 | 8.2 | 19.2 | — | |
| + Acq of Investment Property | 32.0 | 0.0 | 0.5 | — | |
| + Acq of Subsidiaries / Businesses (net) | 71.0 | 0.0 | 82.1 | — | |
| + Dividends Received — Investing | 0.0 | 9.0 | 0.0 | — | |
| + Interest Received — Investing | 4.4 | 0.0 | 13.1 | — | |
| + Other Inflows / (Outflows) — Investing | 2.9 | -0.4 | -10.5 | — | |
| Cash from Investing Activities | -314.9 | -228.7 | -414.4 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 136.0 | 14.1 | 0.0 | — | |
| + Proceeds from Other Equity Instruments | 49.9 | 0.0 | 149.7 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 0.5 | 9.9 | 0.0 | — | |
| + Proceeds from Borrowings | -50.1 | 39.0 | 75.1 | — | |
| + Repayment of Borrowings | 0.0 | 296.5 | 0.0 | — | |
| + Payment of Lease Liabilities | 24.3 | 32.2 | 24.3 | — | |
| + Interest Paid | 361.9 | 355.4 | 370.6 | — | |
| + Dividends Paid | 0.1 | 0.2 | 0.0 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 0.0 | -0.5 | — | |
| Cash from Financing Activities | -250.1 | -621.2 | -170.6 | — | |
| Net Changes in Cash (pre-FX) | -30.2 | -7.2 | 33.8 | — | |
| Net Changes in Cash | -30.2 | -7.2 | 33.8 | — | |
| Closing Cash | 87.5 | — | — | — | |
| Reference Items | |||||
| EBITDA | 784.3 | 714.9 | 801.4 | 764.8 | |
| EBITDA Margin % | 12.76 | 12.37 | 12.52 | 12.02 | |
| Free Cash Flow (CFO − Capex) | 306.9 | 597.3 | 265.2 | 265.2 | |
| Free Cash Flow to Equity | — | 61.1 | 183.7 | — | |
| Free Cash Flow per Basic Share | 4.18 | 8.14 | 3.61 | 3.61 | |
| Price to Free Cash Flow | — | — | — | 8.34 | |
| Cash Flow to Net Income | 12.50 | 38.43 | -15.47 | — | |
| Cash Paid for Taxes | 1.0 | -7.4 | 30.8 | — | |
| Cash Paid for Interest | 361.9 | 355.4 | 370.6 | — | |