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 | 93.4 | 110.7 | 130.9 | — | |
| + Impairment Loss / (Reversal) | 0.0 | 0.0 | -2.9 | — | |
| + Finance Costs | 107.0 | 126.5 | 146.5 | — | |
| + Fair Value (Gains) / Losses | -1.1 | -17.5 | -32.3 | — | |
| + Share-based Payments | 14.8 | 6.2 | 3.7 | — | |
| + Unrealised FX (Gain) / Loss | 5.8 | 6.3 | -19.3 | — | |
| + Other Non-cash Items | 9.8 | 11.3 | 12.9 | — | |
| Changes in Working Capital | |||||
| + Inventories | 53.9 | -151.1 | 11.0 | — | |
| + Trade Receivables — Current | -570.4 | -147.2 | 457.7 | — | |
| + Other Financial Assets — Current | -38.1 | -38.7 | 4.5 | — | |
| + Other Current Assets | -31.5 | -100.0 | -45.6 | — | |
| + Trade Payables — Current | 315.0 | -56.4 | -36.2 | — | |
| + Other Current Liabilities | 41.4 | -2.7 | -3.3 | — | |
| + Provisions — Current | 8.9 | 1.4 | 4.7 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 232.4 | 269.4 | 207.3 | 212.9 | |
| + Total Adjustments (incl. Working Capital) | 2.8 | -251.2 | 632.3 | — | |
| Cash from Operations (pre-tax) | 235.2 | 18.2 | 839.6 | — | |
| + Interest Received — Operating | -13.9 | -18.0 | -16.8 | — | |
| + Dividends Received — Operating | -2.0 | -1.3 | -0.8 | — | |
| + Income Taxes Paid | 29.8 | 35.4 | 41.2 | — | |
| Cash from Operating Activities | 189.5 | -36.6 | 780.9 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 162.1 | 91.1 | 36.1 | — | |
| + Acq of Intangible Assets | 4.4 | 52.9 | 0.0 | — | |
| + Disp of Fixed Assets | 0.0 | 0.1 | 0.0 | — | |
| + Acq of Investment Property | 0.0 | 0.0 | 26.7 | — | |
| + Purchase of Investments (Equity / Debt) | 64.4 | 72.0 | 33.2 | — | |
| + Sale of Investments (Equity / Debt) | 76.0 | 19.0 | 63.4 | — | |
| + Acq of Interests in Joint Ventures | 8.7 | 0.0 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 157.9 | 5.6 | 51.2 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 0.0 | 1.6 | — | |
| + Dividends Received — Investing | 2.0 | 1.3 | 0.8 | — | |
| + Interest Received — Investing | 13.1 | 20.4 | 16.8 | — | |
| + Other Inflows / (Outflows) — Investing | -8.0 | -77.8 | 32.6 | — | |
| Cash from Investing Activities | -314.5 | -258.5 | -32.1 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Exercise of Stock Options | 14.3 | 433.4 | 2.8 | — | |
| + Proceeds from Borrowings | 241.9 | 278.3 | -196.9 | — | |
| + Repayment of Borrowings | 1.9 | 4.2 | 10.9 | — | |
| + Payment of Lease Liabilities | 40.1 | 40.3 | 55.6 | — | |
| + Interest Paid | 106.9 | 126.4 | 146.2 | — | |
| + Dividends Paid | 144.6 | 135.3 | 93.2 | — | |
| + Other Inflows / (Outflows) — Financing | -1.2 | -2.9 | 0.0 | — | |
| Cash from Financing Activities | -38.5 | 402.7 | -500.0 | — | |
| Net Changes in Cash (pre-FX) | -163.5 | 107.6 | 248.8 | — | |
| + Effect of FX Rate Changes on Cash | 5.6 | -8.0 | 49.8 | — | |
| Net Changes in Cash | -157.8 | 99.7 | 298.6 | — | |
| Closing Cash | 327.8 | — | — | — | |
| Reference Items | |||||
| EBITDA | 392.0 | 457.1 | 385.0 | 430.6 | |
| EBITDA Margin % | 3.78 | 3.63 | 2.94 | 3.18 | |
| Free Cash Flow (CFO − Capex) | 23.0 | -180.5 | 744.7 | 744.7 | |
| Free Cash Flow to Equity | — | -138.6 | 628.2 | — | |
| Free Cash Flow per Basic Share | 1.63 | -12.78 | 52.74 | 52.74 | |
| Price to Free Cash Flow | — | — | — | 6.60 | |
| Cash Flow to Net Income | 0.93 | -0.15 | 4.40 | — | |
| Cash Paid for Taxes | 29.8 | 35.4 | 41.2 | — | |
| Cash Paid for Interest | 106.9 | 126.4 | 146.2 | — | |