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 | 92.2 | 108.1 | 119.0 | — | |
| + Finance Costs | 46.4 | 69.0 | 91.9 | — | |
| + Interest Income | -0.8 | -0.6 | -4.3 | — | |
| + Dividend Income | -11.5 | -3.6 | -0.0 | — | |
| + Unrealised FX (Gain) / Loss | 5.9 | -1.7 | -23.8 | — | |
| + Other Non-cash Items | 1.5 | 0.8 | -4.9 | — | |
| + Other — Cash Effects are Investing / Financing | -1.3 | 1.4 | 1.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 128.8 | -81.8 | 70.5 | — | |
| + Trade Receivables — Current | 82.8 | -138.6 | -74.6 | — | |
| + Other Financial Assets — Current | -2.0 | 41.0 | 4.2 | — | |
| + Other Financial Assets — Non-current | 5.8 | -1.6 | 2.0 | — | |
| + Other Current Assets | -0.3 | 25.9 | 50.9 | — | |
| + Other Non-current Assets | -2.2 | -28.3 | -35.2 | — | |
| + Trade Payables — Current | 45.3 | 63.2 | -12.4 | — | |
| + Other Financial Liabilities — Current | -14.2 | 1.8 | 4.2 | — | |
| + Other Financial Liabilities — Non-current | -0.2 | -0.2 | -0.1 | — | |
| + Other Current Liabilities | -1.0 | 4.5 | -10.3 | — | |
| + Provisions — Non-current | 2.5 | 1.7 | 10.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -121.2 | 9.5 | 62.0 | 104.7 | |
| + Total Adjustments (incl. Working Capital) | 377.9 | 60.8 | 187.9 | — | |
| Cash from Operations (pre-tax) | 256.8 | 70.3 | 249.9 | — | |
| + Income Taxes Paid | 7.1 | 4.0 | 28.2 | — | |
| Cash from Operating Activities | 249.7 | 66.2 | 221.7 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 266.2 | 88.9 | 45.1 | — | |
| + Disp of Fixed Assets | 2.2 | 2.8 | 1.1 | — | |
| + Sale of Investments (Equity / Debt) | 55.0 | 95.0 | 0.0 | — | |
| + Dividends Received — Investing | 15.9 | 7.7 | 3.2 | — | |
| + Interest Received — Investing | 0.7 | 3.6 | 4.3 | — | |
| + Other Inflows / (Outflows) — Investing | 14.0 | 10.7 | -1.9 | — | |
| Cash from Investing Activities | -178.4 | 31.0 | -38.3 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 157.5 | 62.5 | 3.8 | — | |
| + Repayment of Borrowings | 143.3 | 71.7 | 107.3 | — | |
| + Payment of Lease Liabilities | 0.0 | 1.8 | 0.2 | — | |
| + Payment of Finance Lease Liabilities | 1.8 | — | — | — | |
| + Interest Paid | 62.3 | 0.0 | 86.7 | — | |
| + Dividends Paid | 35.6 | 0.0 | 0.0 | — | |
| + Income Taxes (Paid) / Refund — Financing | 0.0 | 80.3 | 0.0 | — | |
| Cash from Financing Activities | -85.5 | -91.4 | -190.3 | — | |
| Net Changes in Cash (pre-FX) | -14.2 | 5.8 | -6.9 | — | |
| Net Changes in Cash | -14.2 | 5.8 | -6.9 | — | |
| Closing Cash | 16.9 | — | — | — | |
| Reference Items | |||||
| EBITDA | -20.3 | 142.7 | 176.4 | 207.5 | |
| EBITDA Margin % | -1.29 | 6.86 | 8.12 | 9.86 | |
| Free Cash Flow (CFO − Capex) | -16.5 | -22.7 | 176.7 | 176.7 | |
| Free Cash Flow to Equity | — | -28.6 | -13.1 | — | |
| Free Cash Flow per Basic Share | -0.65 | -0.89 | 6.95 | 6.95 | |
| Price to Free Cash Flow | — | — | — | 9.03 | |
| Cash Flow to Net Income | -2.35 | -6.25 | 7.72 | — | |
| Cash Paid for Taxes | 7.1 | 4.0 | 28.2 | — | |
| Cash Paid for Interest | 62.3 | 0.0 | 86.7 | — | |