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 | 3,682.3 | 4,121.2 | 4,364.8 | — | |
| + Finance Costs | 3,545.9 | 3,334.4 | 2,625.5 | — | |
| + Interest Income | -2,447.1 | -2,449.9 | -3,017.3 | — | |
| + Dividend Income | -208.5 | — | -291.8 | — | |
| + Share-based Payments | 297.6 | — | 115.3 | — | |
| + Unrealised FX (Gain) / Loss | -2.4 | -2.2 | -309.8 | — | |
| + Other Non-cash Items | 490.2 | — | -130.9 | — | |
| + Other — Cash Effects are Investing / Financing | -943.8 | — | -1,860.7 | — | |
| Changes in Working Capital | |||||
| + Inventories | 244.7 | -539.5 | -2,201.0 | — | |
| + Trade Receivables — Current | -10,548.4 | -9,252.3 | -28,150.9 | — | |
| + Other Financial Assets — Non-current | -5,587.9 | — | -25,233.3 | — | |
| + Trade Payables — Current | 14,506.5 | 9,683.4 | 45,127.6 | — | |
| + Other Current Liabilities | 0.0 | — | 1,722.4 | — | |
| + Provisions — Current | 0.0 | — | 4,036.5 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 20,517.1 | 23,578.8 | 25,975.8 | 27,038.5 | |
| + Total Adjustments (incl. Working Capital) | 3,029.2 | — | -3,203.7 | — | |
| Cash from Operations (pre-tax) | 23,546.3 | 14,761.8 | 22,772.1 | — | |
| + Income Taxes Paid | 5,280.1 | 5,601.1 | 6,031.2 | — | |
| Cash from Operating Activities | 18,266.3 | 9,160.7 | 16,741.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 4,516.5 | 4,418.8 | 4,809.2 | — | |
| + Disp of Fixed Assets | 306.1 | 878.2 | 340.5 | — | |
| + Purchase of Investments (Equity / Debt) | 4,889.5 | — | 12,946.4 | — | |
| + Sale of Investments (Equity / Debt) | 4,931.4 | — | 1,190.4 | — | |
| + Acq of Interests in Joint Ventures | 0.0 | — | 255.1 | — | |
| + Acq of Subsidiaries / Businesses (net) | 13.1 | — | 1,014.5 | — | |
| + Disp of Subsidiaries / Businesses (net) | 214.7 | — | 0.0 | — | |
| + Loans & Advances Made | 0.0 | — | 422.7 | — | |
| + Loans & Advances Repaid | 151.7 | — | 334.7 | — | |
| + Dividends Received — Investing | 226.1 | 27.3 | 327.3 | — | |
| + Interest Received — Investing | 2,408.2 | 2,083.5 | 2,700.7 | — | |
| + Other Inflows / (Outflows) — Investing | 3,344.1 | — | 2,815.4 | — | |
| Cash from Investing Activities | 2,163.0 | -15,517.5 | -11,738.8 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 9.7 | 9.3 | 7.5 | — | |
| + Buyback / Redemption of Own Shares | 12,279.9 | — | 0.0 | — | |
| + Proceeds from Borrowings | 23,175.1 | 38,199.7 | 43,693.7 | — | |
| + Repayment of Borrowings | 27,227.8 | 30,782.4 | 36,403.5 | — | |
| + Payment of Lease Liabilities | 627.1 | 562.3 | 718.3 | — | |
| + Interest Paid | 3,438.3 | 3,415.7 | 3,182.2 | — | |
| + Dividends Paid | 4,217.0 | 3,849.6 | 4,676.2 | — | |
| + Other Inflows / (Outflows) — Financing | -808.1 | — | -877.4 | — | |
| Cash from Financing Activities | -25,413.4 | 6,556.6 | -2,156.4 | — | |
| Net Changes in Cash (pre-FX) | -4,984.0 | 199.8 | 2,845.7 | — | |
| + Effect of FX Rate Changes on Cash | 15.9 | -2.2 | 358.5 | — | |
| Net Changes in Cash | -4,968.2 | 228.5 | 3,204.2 | — | |
| Closing Cash | 11,958.5 | 12,187.0 | 15,391.2 | — | |
| Reference Items | |||||
| EBITDA | 23,493.7 | 26,434.7 | 29,151.1 | 28,950.0 | |
| EBITDA Margin % | 10.63 | 10.34 | 10.20 | 9.98 | |
| Free Cash Flow (CFO − Capex) | 13,749.8 | 4,741.9 | 11,931.8 | 11,931.8 | |
| Free Cash Flow to Equity | — | -19,348.9 | 37,067.9 | — | |
| Free Cash Flow per Basic Share | 99.95 | 34.47 | 86.74 | 86.74 | |
| Price to Free Cash Flow | — | — | — | 45.37 | |
| Cash Flow to Net Income | 1.17 | 0.61 | 0.88 | — | |
| Cash Paid for Taxes | 5,280.1 | 5,601.1 | 6,031.2 | — | |
| Cash Paid for Interest | 3,438.3 | 3,415.7 | 3,182.2 | — | |