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 | 381.9 | 368.6 | 440.4 | — | |
| + Finance Costs | 272.3 | 240.3 | 211.8 | — | |
| + Interest Income | -26.1 | -36.6 | -25.2 | — | |
| + Fair Value (Gains) / Losses | -0.2 | 1.7 | -3.1 | — | |
| + Share-based Payments | 8.5 | 4.3 | 11.8 | — | |
| + Unrealised FX (Gain) / Loss | 1.4 | 0.1 | -6.4 | — | |
| + Other Non-cash Items | 141.7 | -360.8 | 47.6 | — | |
| + Other — Cash Effects are Investing / Financing | 0.0 | 0.0 | 5.5 | — | |
| Changes in Working Capital | |||||
| + Inventories | 90.8 | 78.5 | -44.9 | — | |
| + Trade Receivables — Current | 49.4 | 24.2 | -99.5 | — | |
| + Other Current Assets | 56.8 | -29.2 | -5.2 | — | |
| + Trade Payables — Current | 23.2 | 55.3 | 109.9 | — | |
| + Other Current Liabilities | 32.9 | -17.0 | 179.1 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 146.4 | 981.1 | 614.4 | 546.3 | |
| + Total Adjustments (incl. Working Capital) | 1,032.6 | 329.4 | 821.8 | — | |
| Cash from Operations (pre-tax) | 1,179.0 | 1,310.5 | 1,436.2 | — | |
| + Income Taxes Paid | 207.7 | 238.4 | 209.4 | — | |
| Cash from Operating Activities | 971.3 | 1,072.1 | 1,226.8 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 897.7 | 1,115.6 | 1,449.1 | — | |
| + Disp of Fixed Assets | 9.7 | 5.0 | 102.1 | — | |
| + Purchase of Investments (Equity / Debt) | 7.8 | 1.4 | 0.0 | — | |
| + Sale of Investments (Equity / Debt) | 5.7 | 952.1 | 0.0 | — | |
| + Government Grants Received | 229.9 | 609.5 | 79.3 | — | |
| + Interest Received — Investing | 25.7 | 38.4 | 24.4 | — | |
| + Other Inflows / (Outflows) — Investing | 26.6 | -0.3 | -16.7 | — | |
| Cash from Investing Activities | -607.9 | 487.7 | -1,260.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Exercise of Stock Options | 0.0 | 0.9 | 0.0 | — | |
| + Buyback / Redemption of Own Shares | 0.0 | 5.6 | 0.0 | — | |
| + Proceeds from Borrowings | 117.2 | 27.4 | 2,571.3 | — | |
| + Repayment of Borrowings | 137.6 | 1,100.4 | 2,069.7 | — | |
| + Payment of Lease Liabilities | 61.2 | 59.8 | 70.9 | — | |
| + Interest Paid | 243.7 | 235.6 | 238.3 | — | |
| + Dividends Paid | 79.8 | 79.6 | 79.5 | — | |
| + Other Inflows / (Outflows) — Financing | -27.4 | 0.0 | -18.0 | — | |
| Cash from Financing Activities | -432.5 | -1,452.7 | 94.9 | — | |
| Net Changes in Cash (pre-FX) | -69.1 | 107.1 | 61.7 | — | |
| + Effect of FX Rate Changes on Cash | 11.6 | 24.8 | 117.1 | — | |
| Net Changes in Cash | -57.5 | 131.9 | 178.8 | — | |
| Closing Cash | 956.4 | 1,088.3 | 1,267.1 | — | |
| Reference Items | |||||
| EBITDA | 900.8 | 1,173.7 | 1,259.8 | 1,218.2 | |
| EBITDA Margin % | 13.44 | 16.22 | 15.22 | 14.15 | |
| Free Cash Flow (CFO − Capex) | 73.6 | -43.5 | -222.3 | -222.3 | |
| Free Cash Flow to Equity | — | -1,256.3 | 322.0 | — | |
| Free Cash Flow per Basic Share | 4.66 | -2.75 | -14.07 | -14.07 | |
| Cash Flow to Net Income | 13.36 | 1.28 | 3.09 | — | |
| Cash Paid for Taxes | 207.7 | 238.4 | 209.4 | — | |
| Cash Paid for Interest | 243.7 | 235.6 | 238.3 | — | |