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 | — | 758.3 | 1,102.0 | — | |
| + Finance Costs | 690.6 | 760.7 | 887.0 | — | |
| + Interest Income | — | -225.6 | -144.9 | — | |
| + Other Non-cash Items | — | -73.1 | 0.0 | — | |
| + Other Reconciling Items | — | 0.0 | -97.6 | — | |
| Changes in Working Capital | |||||
| + Inventories | — | -7.0 | -4.5 | — | |
| + Trade Receivables — Current | — | 188.8 | -98.3 | — | |
| + Other Financial Assets — Current | — | -12.5 | -83.4 | — | |
| + Other Financial Assets — Non-current | — | 0.0 | 43.1 | — | |
| + Other Current Assets | — | -69.3 | -9.7 | — | |
| + Other Non-current Assets | — | -0.0 | -0.1 | — | |
| + Trade Payables — Current | — | 26.6 | 75.1 | — | |
| + Other Financial Liabilities — Current | — | -57.0 | 15.2 | — | |
| + Other Financial Liabilities — Non-current | — | 0.0 | 0.4 | — | |
| + Other Current Liabilities | — | 57.7 | 19.2 | — | |
| + Other Non-current Liabilities | — | 0.0 | 23.2 | — | |
| + Provisions — Current | — | 0.1 | 0.4 | — | |
| + Provisions — Non-current | — | 0.2 | 0.4 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | — | 653.9 | 662.8 | 743.0 | |
| + Total Adjustments (incl. Working Capital) | — | 1,347.9 | 1,727.6 | — | |
| Cash from Operations (pre-tax) | 1,618.8 | 2,001.7 | 2,390.4 | — | |
| + Income Taxes Paid | 2.6 | 2.8 | 4.2 | — | |
| Cash from Operating Activities | — | 1,998.9 | 2,386.2 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 9,552.9 | 11,985.1 | 15,264.5 | — | |
| + Acq of Intangible Assets | — | 0.0 | 1.4 | — | |
| + Disp of Fixed Assets | — | 0.0 | 47.8 | — | |
| + Acq of Interests in Joint Ventures | — | 3,200.7 | 319.5 | — | |
| + Government Grants Received | — | 307.5 | 284.0 | — | |
| + Interest Received — Investing | — | 157.1 | 240.2 | — | |
| + Income Taxes (Paid) / Refund — Investing | — | 16.6 | -5.6 | — | |
| + Other Inflows / (Outflows) — Investing | — | -3,055.4 | 2,890.9 | — | |
| Cash from Investing Activities | -9,218.4 | -17,793.2 | -12,116.8 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | — | 11,748.8 | 0.0 | — | |
| + Proceeds from Borrowings | — | 9,946.2 | 15,731.9 | — | |
| + Repayment of Borrowings | — | 4,770.7 | 4,445.9 | — | |
| + Payment of Lease Liabilities | — | 62.5 | 84.0 | — | |
| + Interest Paid | — | 1,240.1 | 1,539.2 | — | |
| + Other Inflows / (Outflows) — Financing | — | 93.1 | 133.5 | — | |
| Cash from Financing Activities | 7,645.1 | 15,714.7 | 9,796.2 | — | |
| Net Changes in Cash (pre-FX) | 42.9 | -79.6 | 65.6 | — | |
| Net Changes in Cash | — | -79.6 | 65.6 | — | |
| Reference Items | |||||
| EBITDA | 1,744.0 | 1,916.7 | 2,475.1 | 2,860.2 | |
| EBITDA Margin % | 88.86 | 86.74 | 86.59 | 87.07 | |
| Free Cash Flow (CFO − Capex) | — | -9,986.2 | -12,879.6 | -12,879.6 | |
| Free Cash Flow to Equity | — | — | -3,132.9 | — | |
| Free Cash Flow per Basic Share | — | -11.85 | -15.28 | -15.28 | |
| Cash Flow to Net Income | — | 4.22 | 4.58 | — | |
| Cash Paid for Taxes | 2.6 | 2.8 | 4.2 | — | |
| Cash Paid for Interest | — | 1,240.1 | 1,539.2 | — | |