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 | 171.5 | 174.7 | 173.9 | — | |
| + Finance Costs | 196.8 | 247.0 | 318.2 | — | |
| + Interest Income | -6.2 | -43.6 | -92.4 | — | |
| + Fair Value (Gains) / Losses | -0.2 | 1.1 | 2.2 | — | |
| + Unrealised FX (Gain) / Loss | 0.8 | -0.5 | 0.0 | — | |
| + Other Non-cash Items | -1.4 | -4.0 | 0.0 | — | |
| + Other — Cash Effects are Investing / Financing | -7.0 | 0.0 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -319.8 | 133.5 | 92.0 | — | |
| + Trade Receivables — Current | -134.1 | -642.3 | -1,572.8 | — | |
| + Trade Payables — Current | 115.4 | 271.8 | 760.6 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 236.0 | 308.7 | 342.0 | 340.1 | |
| + Total Adjustments (incl. Working Capital) | 15.9 | 137.8 | -318.3 | — | |
| Cash from Operations (pre-tax) | 251.9 | 446.5 | 23.7 | — | |
| + Other Inflows / (Outflows) — Operating | 0.0 | 0.0 | 7.9 | — | |
| + Income Taxes Paid | 47.1 | 52.6 | 91.5 | — | |
| Cash from Operating Activities | 204.8 | 393.9 | -59.9 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 227.6 | 122.1 | 302.1 | — | |
| + Disp of Fixed Assets | 3.4 | 8.7 | 3.8 | — | |
| + Disp of Other Long-term Assets | 0.0 | 0.0 | 81.4 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 0.0 | 55.2 | — | |
| + Sale of Investments (Equity / Debt) | 0.0 | 0.0 | 55.2 | — | |
| + Disp of Subsidiaries / Businesses (net) | -0.3 | 0.0 | 0.0 | — | |
| + Loans & Advances Made | 183.8 | 754.9 | 101.9 | — | |
| + Loans & Advances Repaid | 13.8 | 364.8 | 28.4 | — | |
| + Interest Received — Investing | 5.1 | 8.0 | 29.2 | — | |
| + Other Inflows / (Outflows) — Investing | -53.2 | -60.6 | 3.3 | — | |
| Cash from Investing Activities | -442.7 | -556.1 | -257.8 | — | |
| Cash from Financing Activities | |||||
| + Proceeds — Change in Ownership of Subsidiaries | 13.8 | 0.0 | 0.0 | — | |
| + Payments — Change in Ownership of Subsidiaries | 0.1 | 0.0 | 0.0 | — | |
| + Proceeds from Debentures / Notes / Bonds | 0.0 | 343.4 | 0.0 | — | |
| + Proceeds from Borrowings | 312.3 | 467.7 | 904.4 | — | |
| + Repayment of Borrowings | 186.9 | 258.2 | 284.9 | — | |
| + Payment of Lease Liabilities | 0.0 | 0.0 | 4.6 | — | |
| + Interest Paid | 181.1 | 258.5 | 278.2 | — | |
| + Dividends Paid | 15.4 | 19.2 | 21.6 | — | |
| + Other Inflows / (Outflows) — Financing | 304.9 | -51.1 | -1.3 | — | |
| Cash from Financing Activities | 247.5 | 224.2 | 313.8 | — | |
| Net Changes in Cash (pre-FX) | 9.7 | 62.0 | -3.9 | — | |
| Net Changes in Cash | 9.7 | 62.0 | -3.9 | — | |
| Closing Cash | 38.7 | — | — | — | |
| Reference Items | |||||
| EBITDA | 583.9 | 676.8 | 704.9 | 728.8 | |
| EBITDA Margin % | 11.66 | 12.37 | 11.58 | 11.61 | |
| Free Cash Flow (CFO − Capex) | -22.8 | 271.8 | -361.9 | -361.9 | |
| Free Cash Flow to Equity | — | 518.6 | -240.4 | — | |
| Free Cash Flow per Basic Share | -0.96 | 11.49 | -15.30 | -15.30 | |
| Cash Flow to Net Income | 1.06 | 1.84 | -0.25 | — | |
| Cash Paid for Taxes | 47.1 | 52.6 | 91.5 | — | |
| Cash Paid for Interest | 181.1 | 258.5 | 278.2 | — | |