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 | 4,723.8 | 6,073.7 | 7,322.0 | — | |
| + Finance Costs | 544.1 | 681.5 | 671.6 | — | |
| + Interest Income | -784.8 | -1,242.5 | -1,771.4 | — | |
| + Fair Value (Gains) / Losses | -1,026.5 | -406.3 | -1,388.5 | — | |
| + Share-based Payments | 128.9 | 120.2 | 342.9 | — | |
| + Unrealised FX (Gain) / Loss | -74.3 | 44.6 | 585.0 | — | |
| + Other Non-cash Items | 0.0 | 0.0 | 292.9 | — | |
| + Other — Cash Effects are Investing / Financing | -826.3 | -763.4 | -335.9 | — | |
| Changes in Working Capital | |||||
| + Inventories | -1,752.6 | -1,646.4 | -592.9 | — | |
| + Trade Receivables — Current | -1,889.8 | -3,781.9 | -3,515.8 | — | |
| + Other Financial Assets — Current | -19,887.0 | -17,170.3 | -15,670.2 | — | |
| + Trade Payables — Current | 4,354.4 | 8,485.2 | 8,763.2 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 14,856.4 | 17,542.2 | 23,219.9 | 25,314.5 | |
| + Total Adjustments (incl. Working Capital) | -16,490.2 | -9,605.7 | -5,297.1 | — | |
| Cash from Operations (pre-tax) | -1,633.9 | 7,936.5 | 17,922.8 | — | |
| + Income Taxes Paid | 3,996.1 | 4,760.7 | 6,265.4 | — | |
| Cash from Operating Activities | -5,630.0 | 3,175.8 | 11,657.4 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 9,946.0 | 10,392.0 | 9,605.5 | — | |
| + Disp of Fixed Assets | 273.2 | 583.0 | 493.4 | — | |
| + Acq of Other Long-term Assets | 12,680.5 | 15,610.6 | 31,590.8 | — | |
| + Disp of Other Long-term Assets | 13,095.0 | 9,261.1 | 16,166.2 | — | |
| + Purchase of Investments (Equity / Debt) | 49,926.6 | 90,595.0 | 1,41,517.7 | — | |
| + Sale of Investments (Equity / Debt) | 50,919.4 | 85,257.2 | 1,44,887.2 | — | |
| + Acq of Interests in Joint Ventures | 248.8 | 29.1 | 784.7 | — | |
| + Disp of Interests in Joint Ventures | 1,023.1 | 620.5 | 1,658.5 | — | |
| + Acq of Subsidiaries / Businesses (net) | 52.9 | 0.0 | 885.4 | — | |
| + Disp of Subsidiaries / Businesses (net) | 15.3 | 0.0 | 537.6 | — | |
| + Dividends Received — Investing | 1,212.7 | 1,374.2 | 1,287.5 | — | |
| + Interest Received — Investing | 703.3 | 883.9 | 1,559.2 | — | |
| + Other Inflows / (Outflows) — Investing | 10.2 | 20.8 | 0.0 | — | |
| Cash from Investing Activities | -5,602.7 | -18,626.1 | -17,794.5 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Exercise of Stock Options | 0.5 | 0.7 | 0.6 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 0.0 | 12.5 | 2,444.8 | — | |
| + Payments — Change in Ownership of Subsidiaries | 192.4 | 0.0 | 0.0 | — | |
| + Proceeds from Debentures / Notes / Bonds | 1,600.0 | 2,050.0 | 0.0 | — | |
| + Proceeds from Borrowings | 61,307.8 | 82,589.6 | 79,921.1 | — | |
| + Repayment of Borrowings | 46,805.2 | 64,689.2 | 72,288.1 | — | |
| + Payment of Lease Liabilities | 785.5 | 887.1 | 967.1 | — | |
| + Interest Paid | 596.9 | 436.0 | 344.0 | — | |
| + Dividends Paid | 2,247.0 | 2,806.4 | 3,376.3 | — | |
| + Dividends Paid — Minority | 436.5 | 457.9 | 555.7 | — | |
| Cash from Financing Activities | 12,281.4 | 15,834.1 | 5,391.0 | — | |
| Net Changes in Cash (pre-FX) | 1,048.7 | 383.8 | -746.1 | — | |
| + Effect of FX Rate Changes on Cash | -12.0 | 10.0 | 114.4 | — | |
| Net Changes in Cash | 1,036.7 | 393.8 | -631.7 | — | |
| Closing Cash | 4,530.1 | 4,923.9 | 4,292.2 | — | |
| Reference Items | |||||
| EBITDA | 24,891.9 | 30,518.2 | 36,979.9 | 39,317.0 | |
| EBITDA Margin % | 17.90 | 19.17 | 18.62 | 18.60 | |
| Free Cash Flow (CFO − Capex) | -15,575.9 | -7,216.1 | 2,051.9 | 2,051.9 | |
| Free Cash Flow to Equity | — | 10,317.6 | 10,149.5 | — | |
| Free Cash Flow per Basic Share | -139.37 | -64.57 | 18.36 | 18.36 | |
| Price to Free Cash Flow | — | — | — | 169.93 | |
| Cash Flow to Net Income | -0.46 | 0.23 | 0.63 | — | |
| Cash Paid for Taxes | 3,996.1 | 4,760.7 | 6,265.4 | — | |
| Cash Paid for Interest | 596.9 | 436.0 | 344.0 | — | |