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 | 118.8 | 139.8 | 174.2 | — | |
| + Impairment Loss / (Reversal) | 42.4 | 3.8 | 68.9 | — | |
| + Finance Costs | 13.3 | 23.0 | 24.2 | — | |
| + Interest Income | -30.7 | -28.1 | -40.5 | — | |
| + Fair Value (Gains) / Losses | -23.1 | -10.5 | 14.2 | — | |
| + Share-based Payments | 4.0 | 9.2 | 13.7 | — | |
| + Unrealised FX (Gain) / Loss | -1.0 | 0.4 | -13.6 | — | |
| + Other Non-cash Items | -24.9 | 23.3 | -25.7 | — | |
| + Other — Cash Effects are Investing / Financing | -14.1 | -65.1 | -42.7 | — | |
| Changes in Working Capital | |||||
| + Inventories | -106.7 | 27.5 | -175.8 | — | |
| + Trade Receivables — Current | -1,186.6 | -1,357.5 | 93.1 | — | |
| + Other Financial Assets — Current | 0.0 | 7.1 | 1.0 | — | |
| + Other Financial Assets — Non-current | 0.9 | 0.0 | 0.0 | — | |
| + Trade Payables — Current | 287.1 | 0.0 | 220.9 | — | |
| + Trade Payables — Non-current | 0.0 | -26.7 | 0.0 | — | |
| + Provisions — Current | 8.8 | 22.2 | 47.9 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 593.9 | 651.0 | 756.3 | 725.0 | |
| + Total Adjustments (incl. Working Capital) | -911.7 | -1,231.3 | 359.6 | — | |
| Cash from Operations (pre-tax) | -317.8 | -580.4 | 1,115.9 | — | |
| + Income Taxes Paid | 151.0 | 158.6 | 183.7 | — | |
| Cash from Operating Activities | -468.8 | -738.9 | 932.2 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 395.1 | 308.3 | 339.8 | — | |
| + Disp of Fixed Assets | 17.5 | 51.7 | 2.3 | — | |
| + Sale of Investments (Equity / Debt) | 233.6 | -48.9 | 201.3 | — | |
| + Acq of Subsidiaries / Businesses (net) | 3.0 | 0.0 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 0.0 | 10.7 | — | |
| + Dividends Received — Investing | 0.5 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 30.7 | 27.5 | 36.1 | — | |
| + Other Inflows / (Outflows) — Investing | 7.0 | -244.9 | -231.3 | — | |
| Cash from Investing Activities | -108.9 | -522.8 | -320.7 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 2.1 | 2.4 | 4.3 | — | |
| + Proceeds from Exercise of Stock Options | 0.3 | 0.3 | 0.3 | — | |
| + Proceeds from Borrowings | 4,124.0 | 4,380.6 | 2,199.9 | — | |
| + Repayment of Borrowings | 3,230.4 | 2,744.6 | 2,647.0 | — | |
| + Payment of Lease Liabilities | 12.0 | 22.8 | 32.9 | — | |
| + Interest Paid | 11.4 | 19.2 | 19.2 | — | |
| + Dividends Paid | 72.4 | 87.1 | 94.4 | — | |
| Cash from Financing Activities | 800.3 | 1,509.5 | -589.0 | — | |
| Net Changes in Cash (pre-FX) | 222.7 | 247.7 | 22.6 | — | |
| + Effect of FX Rate Changes on Cash | -0.1 | 0.5 | 0.6 | — | |
| Net Changes in Cash | 222.6 | 248.2 | 23.1 | — | |
| Closing Cash | 492.9 | — | — | — | |
| Reference Items | |||||
| EBITDA | 1,027.6 | 1,190.9 | 1,415.4 | 1,389.1 | |
| EBITDA Margin % | 17.42 | 18.76 | 18.38 | 17.50 | |
| Free Cash Flow (CFO − Capex) | -863.8 | -1,047.2 | 592.4 | 592.4 | |
| Free Cash Flow to Equity | — | 610.3 | 68.5 | — | |
| Free Cash Flow per Basic Share | -59.43 | -72.05 | 40.76 | 40.76 | |
| Price to Free Cash Flow | — | — | — | 54.59 | |
| Cash Flow to Net Income | -1.07 | -1.55 | 1.66 | — | |
| Cash Paid for Taxes | 151.0 | 158.6 | 183.7 | — | |
| Cash Paid for Interest | 11.4 | 19.2 | 19.2 | — | |