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 | 137.0 | 168.5 | 209.9 | — | |
| + Impairment Loss / (Reversal) | 19.3 | 20.4 | 6.6 | — | |
| + Finance Costs | 71.3 | 85.6 | 75.1 | — | |
| + Interest Income | -4.9 | -6.0 | -3.6 | — | |
| + Dividend Income | 0.0 | -0.2 | -0.2 | — | |
| + Fair Value (Gains) / Losses | -2.5 | -39.7 | 0.0 | — | |
| + Unrealised FX (Gain) / Loss | -1.8 | 0.8 | -5.3 | — | |
| + Other Non-cash Items | 85.2 | 8.2 | -13.0 | — | |
| + Other — Cash Effects are Investing / Financing | -0.9 | 0.2 | -4.2 | — | |
| + Other Reconciling Items | -4.0 | -2.4 | -3.5 | — | |
| Changes in Working Capital | |||||
| + Inventories | -7.3 | 6.9 | -89.4 | — | |
| + Trade Receivables — Current | 4.1 | -118.4 | -141.0 | — | |
| + Other Current Assets | -22.1 | -26.1 | -6.4 | — | |
| + Trade Payables — Current | -33.4 | 39.1 | 66.6 | — | |
| + Other Current Liabilities | 11.0 | 86.4 | 43.4 | — | |
| + Provisions — Current | 12.8 | 7.1 | 3.4 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 18.2 | 293.5 | 195.6 | 189.9 | |
| + Total Adjustments (incl. Working Capital) | 263.7 | 230.3 | 138.5 | — | |
| Cash from Operations (pre-tax) | 281.9 | 523.8 | 334.0 | — | |
| + Income Taxes Paid | 48.5 | 10.8 | 54.5 | — | |
| Cash from Operating Activities | 233.4 | 513.0 | 279.6 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 209.1 | 224.5 | 315.6 | — | |
| + Disp of Fixed Assets | 41.6 | 32.9 | 99.5 | — | |
| + Acq of Other Long-term Assets | 0.0 | 0.0 | 1.1 | — | |
| + Disp of Other Long-term Assets | 1.8 | -45.0 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 16.8 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 33.0 | 36.0 | 35.6 | — | |
| + Interest Received — Investing | 2.2 | 7.7 | 1.4 | — | |
| + Other Inflows / (Outflows) — Investing | 8.8 | -6.7 | 179.7 | — | |
| Cash from Investing Activities | -104.9 | -199.6 | -0.5 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 204.5 | 108.8 | 6,139.1 | — | |
| + Repayment of Borrowings | 235.7 | 290.2 | 6,240.5 | — | |
| + Payment of Lease Liabilities | 4.7 | 8.6 | 0.0 | — | |
| + Interest Paid | 68.1 | 85.4 | 73.4 | — | |
| + Dividends Paid | 33.9 | 48.8 | 62.4 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 0.0 | -19.1 | — | |
| Cash from Financing Activities | -137.9 | -324.2 | -256.3 | — | |
| Net Changes in Cash (pre-FX) | -9.4 | -10.9 | 22.8 | — | |
| + Effect of FX Rate Changes on Cash | 0.3 | 0.0 | -0.1 | — | |
| Net Changes in Cash | -9.1 | -10.9 | 22.8 | — | |
| Closing Cash | 36.4 | — | — | — | |
| Reference Items | |||||
| EBITDA | 321.5 | 327.9 | 436.9 | 442.1 | |
| EBITDA Margin % | 9.11 | 7.52 | 7.43 | 7.21 | |
| Free Cash Flow (CFO − Capex) | 24.4 | 288.5 | -36.0 | -36.0 | |
| Free Cash Flow to Equity | — | 375.1 | -222.3 | — | |
| Free Cash Flow per Basic Share | 17.05 | 202.03 | -25.23 | -25.23 | |
| Cash Flow to Net Income | 1.56 | 2.32 | 2.04 | — | |
| Cash Paid for Taxes | 48.5 | 10.8 | 54.5 | — | |
| Cash Paid for Interest | 68.1 | 85.4 | 73.4 | — | |