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 | 181.1 | 217.6 | 206.4 | — | |
| + Impairment Loss / (Reversal) | 65.1 | 84.0 | 385.5 | — | |
| + Finance Costs | 385.3 | 330.2 | 358.7 | — | |
| + Interest Income | -108.9 | -83.9 | -68.5 | — | |
| + Fair Value (Gains) / Losses | -3.3 | -4.4 | 17.0 | — | |
| + Unrealised FX (Gain) / Loss | 12.9 | 12.4 | -18.9 | — | |
| + Other Non-cash Items | -45.9 | 0.0 | 4.4 | — | |
| + Other — Cash Effects are Investing / Financing | -2.5 | -3.7 | -3.3 | — | |
| Changes in Working Capital | |||||
| + Inventories | 439.9 | 367.4 | -1,884.5 | — | |
| + Trade Receivables — Current | -1,973.9 | -3,459.0 | -4,477.6 | — | |
| + Other Current Assets | 50.7 | -303.1 | -288.0 | — | |
| + Trade Payables — Current | 892.5 | 1,526.9 | 4,625.1 | — | |
| + Other Current Liabilities | 9.9 | 368.4 | 153.8 | — | |
| + Provisions — Current | 18.4 | 31.0 | 62.8 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 1,574.7 | 2,334.8 | 1,697.1 | 2,003.6 | |
| + Total Adjustments (incl. Working Capital) | -78.6 | -916.1 | -927.2 | — | |
| Cash from Operations (pre-tax) | 1,496.0 | 1,418.7 | 769.9 | — | |
| + Other Inflows / (Outflows) — Operating | 0.0 | -601.6 | -24.2 | — | |
| + Income Taxes Paid | 416.6 | 524.5 | 514.4 | — | |
| Cash from Operating Activities | 1,079.4 | 292.6 | 231.4 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 103.7 | 136.3 | 157.4 | — | |
| + Acq of Intangible Assets | 18.4 | 26.9 | 25.1 | — | |
| + Disp of Fixed Assets | 58.4 | 8.5 | 76.1 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 641.5 | 0.0 | — | |
| + Interest Received — Investing | 88.9 | 85.2 | 80.0 | — | |
| + Other Inflows / (Outflows) — Investing | 120.0 | -12.1 | 16.0 | — | |
| Cash from Investing Activities | 145.2 | 559.9 | -10.4 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 20,668.3 | 20,390.8 | 25,188.8 | — | |
| + Repayment of Borrowings | 21,006.1 | 20,655.5 | 25,220.9 | — | |
| + Payment of Lease Liabilities | 106.6 | 102.0 | 113.9 | — | |
| + Interest Paid | 371.4 | 325.1 | 324.3 | — | |
| + Dividends Paid | 565.0 | 484.7 | 531.6 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 5.4 | 2.4 | — | |
| Cash from Financing Activities | -1,380.9 | -1,171.1 | -999.5 | — | |
| Net Changes in Cash (pre-FX) | -156.3 | -318.6 | -778.5 | — | |
| + Effect of FX Rate Changes on Cash | -108.0 | -13.3 | 480.9 | — | |
| Net Changes in Cash | -264.2 | -331.9 | -297.7 | — | |
| Closing Cash | 1,545.0 | 1,213.0 | 915.3 | — | |
| Reference Items | |||||
| EBITDA | 1,877.2 | 2,028.8 | 2,229.4 | 2,536.9 | |
| EBITDA Margin % | 2.10 | 2.04 | 1.87 | 1.98 | |
| Free Cash Flow (CFO − Capex) | 957.4 | 129.5 | 48.9 | 48.9 | |
| Free Cash Flow to Equity | — | -383.5 | -257.1 | — | |
| Free Cash Flow per Basic Share | 12.25 | 1.66 | 0.63 | 0.63 | |
| Price to Free Cash Flow | — | — | — | 631.35 | |
| Cash Flow to Net Income | 0.87 | 0.16 | 0.18 | — | |
| Cash Paid for Taxes | 416.6 | 524.5 | 514.4 | — | |
| Cash Paid for Interest | 371.4 | 325.1 | 324.3 | — | |