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 | 16,203.6 | 17,401.2 | 19,629.3 | — | |
| + Finance Costs | 11,954.8 | 13,047.7 | 13,652.8 | — | |
| + Interest Income | -961.9 | 0.0 | -1,071.6 | — | |
| + Dividend Income | -9.4 | 0.0 | -18.1 | — | |
| + Fair Value (Gains) / Losses | 0.0 | 0.0 | 89.9 | — | |
| + Other Non-cash Items | 0.0 | -188.0 | -33.2 | — | |
| + Other Reconciling Items | 767.4 | 614.7 | 138.7 | — | |
| Changes in Working Capital | |||||
| + Inventories | -2,586.7 | 676.9 | 1,482.1 | — | |
| + Trade Receivables — Current | -1,296.7 | -1,976.9 | -2,369.3 | — | |
| + Other Financial Assets — Current | 0.0 | 0.0 | -2,873.1 | — | |
| + Other Financial Assets — Non-current | 0.0 | -2,926.5 | 0.0 | — | |
| + Other Current Assets | -4,865.0 | 0.0 | 0.0 | — | |
| + Trade Payables — Current | -588.4 | 0.0 | 0.0 | — | |
| + Other Current Liabilities | 0.0 | 2,204.9 | 482.3 | — | |
| + Provisions — Current | 864.6 | 581.8 | 1,106.8 | — | |
| + Provisions — Non-current | -560.7 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 25,505.9 | 26,282.7 | 24,269.5 | 26,999.7 | |
| + Total Adjustments (incl. Working Capital) | 18,921.6 | 29,435.8 | 30,216.6 | — | |
| Cash from Operations (pre-tax) | 44,427.5 | 55,718.5 | 54,486.0 | — | |
| + Interest Received — Operating | 0.0 | -958.5 | 0.0 | — | |
| + Dividends Received — Operating | 0.0 | -9.8 | 0.0 | — | |
| + Income Taxes Paid | 3,642.9 | 4,314.2 | 3,584.2 | — | |
| Cash from Operating Activities | 40,784.6 | 50,436.0 | 50,901.8 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 30,815.9 | 41,283.4 | 44,049.8 | — | |
| + Disp of Fixed Assets | 74.6 | 0.0 | 42.9 | — | |
| + Disp of Investment Property | 0.0 | 278.3 | 0.0 | — | |
| + Acq of Interests in Joint Ventures | 219.4 | 1,789.9 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 0.0 | 295.4 | — | |
| + Loans & Advances Repaid | 50.0 | 0.0 | 0.0 | — | |
| + Government Grants Received | 0.0 | 599.1 | 295.9 | — | |
| + Dividends Received — Investing | 9.4 | 9.8 | 18.1 | — | |
| + Interest Received — Investing | 631.0 | 767.7 | 932.5 | — | |
| + Income Taxes (Paid) / Refund — Investing | 414.6 | 466.0 | 499.8 | — | |
| + Other Inflows / (Outflows) — Investing | -1,456.4 | -3,915.5 | 5,386.3 | — | |
| Cash from Investing Activities | -32,141.4 | -45,799.7 | -37,578.4 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 9,026.0 | 0.0 | — | |
| + Proceeds from Borrowings | 37,576.4 | 42,231.8 | 50,749.8 | — | |
| + Repayment of Borrowings | 22,439.8 | 29,113.4 | 35,582.5 | — | |
| + Payment of Lease Liabilities | 130.9 | 0.0 | 209.7 | — | |
| + Interest Paid | 15,831.8 | 17,873.5 | 17,537.7 | — | |
| + Dividends Paid | 7,419.4 | 8,206.5 | 8,759.3 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | -137.3 | 11.1 | — | |
| Cash from Financing Activities | -8,245.5 | -4,073.0 | -11,328.4 | — | |
| Net Changes in Cash (pre-FX) | 397.7 | 563.2 | 1,995.1 | — | |
| Net Changes in Cash | 397.7 | 563.2 | 1,995.1 | — | |
| Closing Cash | 863.3 | 1,426.6 | 3,421.6 | — | |
| Reference Items | |||||
| EBITDA | 51,092.7 | 54,127.6 | 55,285.8 | 58,936.4 | |
| EBITDA Margin % | 28.62 | 28.77 | 29.50 | 30.85 | |
| Free Cash Flow (CFO − Capex) | 9,968.7 | 9,152.6 | 6,852.0 | 6,852.0 | |
| Free Cash Flow to Equity | — | 3,813.9 | 8,997.4 | — | |
| Free Cash Flow per Basic Share | 10.28 | 9.44 | 7.07 | 7.07 | |
| Price to Free Cash Flow | — | — | — | 47.27 | |
| Cash Flow to Net Income | 1.91 | 2.11 | 1.85 | — | |
| Cash Paid for Taxes | 3,642.9 | 4,314.2 | 3,584.2 | — | |
| Cash Paid for Interest | 15,831.8 | 17,873.5 | 17,537.7 | — | |