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 | 28.1 | 35.0 | 42.0 | — | |
| + Finance Costs | 434.2 | 554.8 | 678.6 | — | |
| + Interest Income | -38.9 | 0.0 | 0.0 | — | |
| + Fair Value (Gains) / Losses | 0.0 | 0.0 | 1.0 | — | |
| + Share-based Payments | 0.0 | 4.4 | -3.5 | — | |
| + Unrealised FX (Gain) / Loss | 0.0 | 0.0 | 2.2 | — | |
| + Other Non-cash Items | -15.0 | 29.0 | -39.9 | — | |
| Changes in Working Capital | |||||
| + Inventories | -597.3 | -1,935.6 | -1,528.3 | — | |
| + Trade Receivables — Current | 50.3 | 61.3 | -331.1 | — | |
| + Other Financial Assets — Current | 0.0 | -69.9 | 8.7 | — | |
| + Other Current Assets | -229.6 | -289.4 | -203.9 | — | |
| + Trade Payables — Current | 73.2 | 19.0 | 359.4 | — | |
| + Other Financial Liabilities — Current | 0.0 | 0.1 | 14.8 | — | |
| + Other Current Liabilities | 1,190.6 | 1,290.9 | 1,414.3 | — | |
| + Provisions — Current | -6.2 | 45.6 | -52.3 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 75.4 | -218.6 | 77.5 | 193.7 | |
| + Total Adjustments (incl. Working Capital) | 889.3 | -254.8 | 362.0 | — | |
| Cash from Operations (pre-tax) | 964.7 | -473.4 | 439.5 | — | |
| + Interest Received — Operating | 0.0 | -25.2 | -41.9 | — | |
| + Income Taxes Paid | 68.3 | 32.2 | 53.1 | — | |
| Cash from Operating Activities | 896.4 | -530.8 | 344.5 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 54.5 | 43.0 | 62.9 | — | |
| + Acq of Intangible Assets | 0.5 | 0.1 | 0.3 | — | |
| + Disp of Fixed Assets | 0.7 | 2.2 | 5.2 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 2.5 | 0.0 | — | |
| + Sale of Investments (Equity / Debt) | 10.7 | 0.0 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 25.9 | 0.0 | — | |
| + Investment in Partnership Firms / LLPs | 0.0 | 0.9 | 10.0 | — | |
| + Loans & Advances Made | 40.4 | 0.0 | 0.0 | — | |
| + Loans & Advances Repaid | 35.4 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 60.5 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 35.0 | 25.3 | 39.0 | — | |
| + Other Inflows / (Outflows) — Investing | -33.9 | -28.7 | -231.8 | — | |
| Cash from Investing Activities | 12.9 | -73.6 | -260.8 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 2,101.1 | 3,834.4 | 4,767.1 | — | |
| + Repayment of Borrowings | 1,794.9 | 2,961.7 | 3,650.3 | — | |
| + Payment of Lease Liabilities | 0.0 | 14.3 | 15.0 | — | |
| + Payment of Finance Lease Liabilities | 12.5 | — | — | — | |
| + Interest Paid | 454.9 | 504.9 | 596.0 | — | |
| + Dividends Paid | 149.4 | 0.0 | 0.0 | — | |
| + Other Inflows / (Outflows) — Financing | -2.0 | 0.0 | 0.0 | — | |
| Cash from Financing Activities | -312.6 | 353.5 | 505.8 | — | |
| Net Changes in Cash (pre-FX) | 596.7 | -250.9 | 589.6 | — | |
| Net Changes in Cash | 596.7 | -250.9 | 589.6 | — | |
| Closing Cash | 851.6 | 600.7 | — | — | |
| Reference Items | |||||
| EBITDA | 462.8 | 290.9 | 691.5 | 813.5 | |
| EBITDA Margin % | 21.18 | 14.45 | 18.49 | 20.02 | |
| Free Cash Flow (CFO − Capex) | 841.4 | -573.9 | 281.4 | 281.4 | |
| Free Cash Flow to Equity | — | -67.7 | 960.6 | — | |
| Free Cash Flow per Basic Share | 35.48 | -24.20 | 11.86 | 11.86 | |
| Price to Free Cash Flow | — | — | — | 18.21 | |
| Cash Flow to Net Income | 21.34 | 2.90 | 6.07 | — | |
| Cash Paid for Taxes | 68.3 | 32.2 | 53.1 | — | |
| Cash Paid for Interest | 454.9 | 504.9 | 596.0 | — | |