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 | 8,172.0 | 9,309.0 | 9,601.0 | — | |
| + Finance Costs | 8,051.0 | 8,125.0 | 8,537.0 | — | |
| + Interest Income | -796.0 | -547.0 | -686.0 | — | |
| + Dividend Income | -21.0 | -24.0 | -24.0 | — | |
| + Fair Value (Gains) / Losses | -53.0 | -47.0 | -382.0 | — | |
| + Share-based Payments | 208.0 | 170.0 | 167.0 | — | |
| + Unrealised FX (Gain) / Loss | -10.0 | 0.0 | 2,460.0 | — | |
| + Other Non-cash Items | 34.0 | 584.0 | 0.0 | — | |
| + Other Reconciling Items | -665.0 | 595.0 | -17,313.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -3,284.0 | 2,609.0 | -3,176.0 | — | |
| + Trade Receivables — Current | -154.0 | -866.0 | -3,686.0 | — | |
| + Other Current Assets | -3,111.0 | -1,229.0 | -2,338.0 | — | |
| + Trade Payables — Current | -7,235.0 | -1,096.0 | 4,053.0 | — | |
| + Other Financial Liabilities — Current | 0.0 | 0.0 | 1,464.0 | — | |
| + Other Current Liabilities | 169.0 | 0.0 | 0.0 | — | |
| + Provisions — Current | 0.0 | -99.0 | -25.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 13,552.0 | 5,388.0 | 29,725.0 | 32,811.0 | |
| + Total Adjustments (incl. Working Capital) | 1,305.0 | 17,484.0 | -1,348.0 | — | |
| Cash from Operations (pre-tax) | 14,857.0 | 22,872.0 | 28,377.0 | — | |
| + Income Taxes Paid | 2,779.0 | 1,973.0 | 3,225.0 | — | |
| Cash from Operating Activities | 12,078.0 | 20,899.0 | 25,152.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 15,801.0 | 12,694.0 | 14,654.0 | — | |
| + Disp of Fixed Assets | 254.0 | 59.0 | 112.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 12,049.0 | 137.0 | — | |
| + Sale of Investments (Equity / Debt) | 51.0 | 6,274.0 | 0.0 | — | |
| + Acq of Interests in Joint Ventures | 396.0 | 0.0 | 1,104.0 | — | |
| + Disp of Interests in Joint Ventures | 0.0 | 0.0 | 105.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 630.0 | 1,880.0 | 1,411.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 0.0 | 29,375.0 | — | |
| + Dividends Received — Investing | 21.0 | 24.0 | 24.0 | — | |
| + Interest Received — Investing | 899.0 | 660.0 | 672.0 | — | |
| + Other Inflows / (Outflows) — Investing | 964.0 | 2,609.0 | 5,620.0 | — | |
| Cash from Investing Activities | -14,638.0 | -16,997.0 | 18,602.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 19,891.0 | 28,243.0 | 16,049.0 | — | |
| + Repayment of Borrowings | 16,328.0 | 18,758.0 | 21,695.0 | — | |
| + Payment of Lease Liabilities | 0.0 | 369.0 | 464.0 | — | |
| + Payment of Finance Lease Liabilities | 632.0 | — | — | — | |
| + Interest Paid | 8,087.0 | 8,835.0 | 8,922.0 | — | |
| + Dividends Paid | 822.0 | 1,785.0 | 685.0 | — | |
| + Other Inflows / (Outflows) — Financing | 1,151.0 | 1,242.0 | -394.0 | — | |
| Cash from Financing Activities | -4,827.0 | -262.0 | -16,111.0 | — | |
| Net Changes in Cash (pre-FX) | -7,387.0 | 3,640.0 | 27,643.0 | — | |
| + Effect of FX Rate Changes on Cash | -7.0 | -15.0 | -42.0 | — | |
| Net Changes in Cash | -7,394.0 | 3,625.0 | 27,601.0 | — | |
| Closing Cash | 8,030.0 | 11,655.0 | 39,256.0 | — | |
| Reference Items | |||||
| EBITDA | 28,236.0 | 22,904.0 | 29,821.0 | 31,628.0 | |
| EBITDA Margin % | 16.13 | 13.57 | 16.08 | 16.67 | |
| Free Cash Flow (CFO − Capex) | -3,723.0 | 8,205.0 | 10,498.0 | 10,498.0 | |
| Free Cash Flow to Equity | — | 9,752.0 | 1,151.0 | — | |
| Free Cash Flow per Basic Share | -15.26 | 33.63 | 43.02 | 43.02 | |
| Price to Free Cash Flow | — | — | — | 30.10 | |
| Cash Flow to Net Income | 1.35 | 5.99 | 0.99 | — | |
| Cash Paid for Taxes | 2,779.0 | 1,973.0 | 3,225.0 | — | |
| Cash Paid for Interest | 8,087.0 | 8,835.0 | 8,922.0 | — | |