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 | 413.8 | 483.4 | 539.2 | — | |
| + Impairment Loss / (Reversal) | -68.0 | 8.0 | 10.7 | — | |
| + Finance Costs | 191.8 | 223.2 | 177.4 | — | |
| + Interest Income | -67.4 | -85.5 | -83.5 | — | |
| + Unrealised FX (Gain) / Loss | -0.8 | 0.6 | 18.5 | — | |
| + Other Non-cash Items | -2.1 | -1.8 | 2.9 | — | |
| + Other Reconciling Items | -172.8 | -165.1 | -241.7 | — | |
| Changes in Working Capital | |||||
| + Inventories | -78.0 | 65.6 | 90.0 | — | |
| + Trade Receivables — Current | -12.6 | -157.4 | -110.3 | — | |
| + Other Financial Assets — Current | -3.3 | -44.8 | -10.1 | — | |
| + Other Current Assets | 4.8 | 12.4 | -15.3 | — | |
| + Trade Payables — Current | 50.3 | -36.4 | -120.8 | — | |
| + Other Financial Liabilities — Current | 37.9 | 321.3 | -0.4 | — | |
| + Other Current Liabilities | 76.6 | 42.5 | 81.6 | — | |
| + Provisions — Current | -17.6 | 5.5 | 57.6 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 159.7 | -14.3 | 132.1 | 221.6 | |
| + Total Adjustments (incl. Working Capital) | 352.4 | 671.6 | 395.8 | — | |
| Cash from Operations (pre-tax) | 512.0 | 657.3 | 528.0 | — | |
| + Income Taxes Paid | 39.2 | -80.0 | 34.7 | — | |
| Cash from Operating Activities | 472.8 | 737.3 | 493.3 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 495.2 | 388.9 | 358.0 | — | |
| + Disp of Fixed Assets | 541.5 | 177.5 | 175.8 | — | |
| + Acq of Subsidiaries / Businesses (net) | 463.3 | 609.4 | 428.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 420.9 | 491.2 | 339.2 | — | |
| + Interest Received — Investing | 73.1 | 90.6 | 86.2 | — | |
| + Other Inflows / (Outflows) — Investing | -4.8 | 0.3 | 4.5 | — | |
| Cash from Investing Activities | 72.3 | -238.8 | -180.3 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 41.8 | 61.3 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 19.6 | 0.0 | 0.0 | — | |
| + Payments — Change in Ownership of Subsidiaries | 10.3 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 751.1 | 568.1 | 359.1 | — | |
| + Repayment of Borrowings | 886.2 | 813.9 | 355.6 | — | |
| + Payment of Lease Liabilities | 69.1 | 150.4 | 162.7 | — | |
| + Interest Paid | 176.2 | 172.1 | 138.8 | — | |
| + Dividends Paid | 0.0 | 0.0 | 7.5 | — | |
| Cash from Financing Activities | -371.1 | -526.5 | -244.3 | — | |
| Net Changes in Cash (pre-FX) | 174.0 | -28.0 | 68.7 | — | |
| Net Changes in Cash | 174.0 | -28.0 | 68.7 | — | |
| Closing Cash | 436.0 | 408.0 | 476.7 | — | |
| Reference Items | |||||
| EBITDA | 489.0 | 418.4 | 693.3 | 721.2 | |
| EBITDA Margin % | 6.44 | 5.72 | 9.39 | 9.43 | |
| Free Cash Flow (CFO − Capex) | -22.4 | 348.4 | 135.3 | 135.3 | |
| Free Cash Flow to Equity | — | -48.7 | 0.8 | — | |
| Free Cash Flow per Basic Share | -0.44 | 6.92 | 2.69 | 2.69 | |
| Price to Free Cash Flow | — | — | — | 42.98 | |
| Cash Flow to Net Income | 2.92 | 16.34 | 16.44 | — | |
| Cash Paid for Taxes | 39.2 | -80.0 | 34.7 | — | |
| Cash Paid for Interest | 176.2 | 172.1 | 138.8 | — | |