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 | 66.5 | 68.9 | 84.2 | — | |
| + Impairment Loss / (Reversal) | 0.1 | -19.5 | -17.6 | — | |
| + Finance Costs | 115.4 | 119.6 | 137.5 | — | |
| + Interest Income | -5.7 | -4.2 | -8.2 | — | |
| + Fair Value (Gains) / Losses | 0.1 | 0.1 | 0.4 | — | |
| + Unrealised FX (Gain) / Loss | -1.1 | 1.6 | -9.4 | — | |
| + Undistributed Profits of Associates | 2.0 | 2.3 | 4.2 | — | |
| + Other Non-cash Items | 13.1 | 5.2 | 28.3 | — | |
| + Other — Cash Effects are Investing / Financing | 6.2 | 3.2 | 14.9 | — | |
| + Other Reconciling Items | -22.5 | -5.7 | -14.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -42.5 | -110.2 | -75.1 | — | |
| + Trade Receivables — Current | -128.9 | -53.3 | -122.0 | — | |
| + Trade Receivables — Non-current | 5.4 | 6.5 | 9.0 | — | |
| + Other Current Assets | -10.1 | -43.8 | -45.8 | — | |
| + Trade Payables — Current | 228.9 | 91.9 | 36.6 | — | |
| + Other Current Liabilities | -93.5 | 77.8 | 46.7 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 131.4 | 158.4 | 179.6 | 226.4 | |
| + Total Adjustments (incl. Working Capital) | 129.3 | 137.2 | 61.4 | — | |
| Cash from Operations (pre-tax) | 260.7 | 295.6 | 241.0 | — | |
| + Income Taxes Paid | 36.0 | 39.6 | 38.9 | — | |
| Cash from Operating Activities | 224.7 | 256.0 | 202.1 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 246.6 | 126.2 | 328.3 | — | |
| + Disp of Fixed Assets | 0.1 | 0.0 | 0.2 | — | |
| + Acq of Investment Property | 0.0 | 0.0 | 6.4 | — | |
| + Disp of Investment Property | 10.2 | 19.6 | 4.2 | — | |
| + Acq of Other Long-term Assets | 2.8 | 1.8 | 0.0 | — | |
| + Disp of Other Long-term Assets | 0.0 | 0.0 | 1.2 | — | |
| + Acq of Interests in Joint Ventures | 0.0 | 5.9 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 0.0 | 10.1 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 0.0 | 1.2 | — | |
| + Interest Received — Investing | 5.3 | 4.9 | 7.2 | — | |
| + Other Inflows / (Outflows) — Investing | -23.0 | 4.4 | -18.5 | — | |
| Cash from Investing Activities | -256.8 | -105.0 | -349.3 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 174.9 | 111.3 | 448.2 | — | |
| + Repayment of Borrowings | 63.0 | 71.0 | 81.8 | — | |
| + Payment of Lease Liabilities | 19.7 | 27.9 | 22.7 | — | |
| + Payment of Finance Lease Liabilities | 6.2 | — | — | — | |
| + Interest Paid | 108.3 | 112.8 | 132.7 | — | |
| Cash from Financing Activities | -22.3 | -100.4 | 211.1 | — | |
| Net Changes in Cash (pre-FX) | -54.3 | 50.6 | 63.9 | — | |
| + Effect of FX Rate Changes on Cash | 1.1 | 1.0 | 0.3 | — | |
| Net Changes in Cash | -53.2 | 51.6 | 64.2 | — | |
| Closing Cash | 89.8 | — | — | — | |
| Reference Items | |||||
| EBITDA | 273.0 | 310.2 | 355.1 | 447.8 | |
| EBITDA Margin % | 8.72 | 9.61 | 9.81 | 9.97 | |
| Free Cash Flow (CFO − Capex) | -21.9 | 129.8 | -126.2 | -126.2 | |
| Free Cash Flow to Equity | — | 58.2 | 107.6 | — | |
| Free Cash Flow per Basic Share | -1.62 | 9.62 | -9.35 | -9.35 | |
| Cash Flow to Net Income | 2.28 | 2.14 | 1.46 | — | |
| Cash Paid for Taxes | 36.0 | 39.6 | 38.9 | — | |
| Cash Paid for Interest | 108.3 | 112.8 | 132.7 | — | |