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 | 13.5 | 32.6 | 59.9 | — | |
| + Impairment Loss / (Reversal) | 0.1 | 0.0 | 0.0 | — | |
| + Finance Costs | 29.4 | 27.7 | 46.1 | — | |
| + Interest Income | 0.0 | 0.0 | -10.9 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -19.9 | 0.0 | — | |
| + Share-based Payments | 0.2 | 0.8 | 1.4 | — | |
| + Unrealised FX (Gain) / Loss | 0.0 | -1.0 | 0.0 | — | |
| + Other Non-cash Items | 2.1 | -18.1 | 10.9 | — | |
| + Other Reconciling Items | 0.0 | 0.0 | -53.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 3.6 | -0.2 | -68.8 | — | |
| + Trade Receivables — Current | -61.1 | -369.6 | -221.3 | — | |
| + Other Financial Assets — Current | 4.0 | 0.0 | 0.0 | — | |
| + Other Financial Assets — Non-current | -4.1 | 0.0 | 0.0 | — | |
| + Other Current Assets | 104.3 | -269.8 | -600.8 | — | |
| + Other Non-current Assets | -0.9 | 0.0 | 0.0 | — | |
| + Trade Payables — Current | -138.3 | 124.5 | 300.3 | — | |
| + Other Financial Liabilities — Current | 1.8 | 0.0 | 128.3 | — | |
| + Other Current Liabilities | -89.7 | 98.7 | 204.6 | — | |
| + Provisions — Current | 0.0 | 0.0 | -0.9 | — | |
| + Provisions — Non-current | -0.3 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 121.3 | 199.9 | 330.4 | 393.8 | |
| + Total Adjustments (incl. Working Capital) | -135.3 | -394.3 | -204.0 | — | |
| Cash from Operations (pre-tax) | -13.9 | -194.4 | 126.4 | — | |
| + Interest Received — Operating | -6.9 | -7.1 | 0.0 | — | |
| + Income Taxes Paid | -23.7 | 63.3 | 19.3 | — | |
| Cash from Operating Activities | 2.9 | -264.8 | 107.1 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 37.7 | 0.0 | 0.0 | — | |
| + Disp of Fixed Assets | 0.4 | -154.8 | -60.5 | — | |
| + Loans & Advances Made | 0.0 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 8.4 | 11.0 | 5.0 | — | |
| + Other Inflows / (Outflows) — Investing | -13.0 | 54.1 | -212.4 | — | |
| Cash from Investing Activities | -41.9 | -89.7 | -267.9 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 62.7 | 588.0 | 82.8 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 0.0 | 0.0 | 2.6 | — | |
| + Proceeds from Borrowings | 35.3 | 56.2 | 55.4 | — | |
| + Payment of Lease Liabilities | 10.6 | 41.2 | 36.0 | — | |
| + Interest Paid | 20.0 | 0.0 | 32.6 | — | |
| + Dividends Paid | 5.5 | 0.0 | 6.5 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 0.0 | -0.3 | — | |
| Cash from Financing Activities | 61.9 | 603.1 | 65.4 | — | |
| Net Changes in Cash (pre-FX) | 22.8 | 248.5 | -95.4 | — | |
| Net Changes in Cash | 22.8 | 248.5 | -95.4 | — | |
| Closing Cash | 33.1 | — | — | — | |
| Reference Items | |||||
| EBITDA | 146.1 | 209.8 | 357.2 | 426.7 | |
| EBITDA Margin % | 10.57 | 8.50 | 15.69 | 14.95 | |
| Free Cash Flow (CFO − Capex) | -34.8 | -264.8 | 107.1 | 107.1 | |
| Free Cash Flow to Equity | — | -210.3 | 65.0 | — | |
| Free Cash Flow per Basic Share | -2.54 | -19.30 | 7.81 | 7.81 | |
| Price to Free Cash Flow | — | — | — | 34.69 | |
| Cash Flow to Net Income | 0.03 | -1.67 | 0.53 | — | |
| Cash Paid for Taxes | -23.7 | 63.3 | 19.3 | — | |
| Cash Paid for Interest | 20.0 | 0.0 | 32.6 | — | |