In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | Last 12M 31/12/2025 | |
|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | |||||
| + Depreciation & Amortisation | 5.0 | 8.1 | 8.9 | — | |
| + Interest Income | 0.0 | -1.6 | 0.0 | — | |
| + Other Reconciling Items | 0.2 | 1.2 | -1.2 | — | |
| Changes in Working Capital | |||||
| + Inventories | -46.7 | 0.6 | -86.5 | — | |
| + Trade Receivables — Current | 0.0 | -11.1 | 6.8 | — | |
| + Trade Receivables — Non-current | -16.3 | 0.0 | 0.0 | — | |
| + Other Current Assets | -37.9 | 15.2 | 2.0 | — | |
| + Trade Payables — Current | 26.3 | 1.2 | 43.4 | — | |
| + Other Financial Liabilities — Current | 52.2 | 6.3 | 5.2 | — | |
| + Other Financial Liabilities — Non-current | 1.2 | 0.0 | 0.0 | — | |
| + Other Current Liabilities | 0.0 | -26.1 | -13.0 | — | |
| + Provisions — Current | 7.0 | -4.1 | 1.3 | — | |
| + Provisions — Non-current | 0.1 | -0.0 | 0.3 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 27.1 | 28.2 | 30.0 | 15.7 | |
| + Total Adjustments (incl. Working Capital) | -8.8 | -10.4 | -32.9 | — | |
| Cash from Operations (pre-tax) | 18.3 | 17.8 | -2.9 | — | |
| + Interest Received — Operating | -2.2 | 0.0 | -2.3 | — | |
| + Interest Paid — Operating | 14.4 | -14.6 | -19.5 | — | |
| + Other Inflows / (Outflows) — Operating | -0.6 | 0.0 | 0.0 | — | |
| + Income Taxes Paid | -14.9 | 8.3 | 9.9 | — | |
| Cash from Operating Activities | 16.0 | 24.1 | 4.4 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 26.8 | 7.5 | 58.1 | — | |
| + Disp of Fixed Assets | 0.0 | 0.0 | 0.0 | — | |
| + Disp of Other Long-term Assets | 10.7 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 2.2 | 1.6 | 2.3 | — | |
| + Other Inflows / (Outflows) — Investing | 19.1 | -25.2 | 11.8 | — | |
| Cash from Investing Activities | 5.2 | -31.0 | -43.9 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | -26.2 | -2.5 | -13.6 | — | |
| + Repayment of Borrowings | 0.0 | -30.3 | -70.1 | — | |
| + Interest Paid | 14.4 | 14.6 | 19.5 | — | |
| Cash from Financing Activities | -40.6 | 13.2 | 37.0 | — | |
| Net Changes in Cash (pre-FX) | -19.4 | 6.3 | -2.6 | — | |
| Net Changes in Cash | -19.4 | 6.3 | -2.6 | — | |
| Closing Cash | 6.8 | 13.0 | — | — | |
| Reference Items | |||||
| EBITDA | 42.5 | 47.3 | 51.5 | 32.8 | |
| EBITDA Margin % | 14.17 | 13.41 | 12.20 | 11.65 | |
| Free Cash Flow (CFO − Capex) | -10.7 | 16.7 | -53.7 | -53.7 | |
| Free Cash Flow to Equity | — | 29.8 | -16.7 | — | |
| Free Cash Flow per Basic Share | -4.47 | 6.94 | -22.38 | -22.38 | |
| Cash Flow to Net Income | 1.31 | 1.21 | 0.22 | — | |
| Cash Paid for Taxes | -14.9 | 8.3 | 9.9 | — | |
| Cash Paid for Interest | 14.4 | 14.6 | 19.5 | — | |