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 | 301.8 | 370.0 | 487.0 | — | |
| + Finance Costs | 626.8 | 737.0 | 871.9 | — | |
| + Interest Income | -4.6 | -11.6 | -19.3 | — | |
| + Fair Value (Gains) / Losses | -41.2 | 0.0 | -11.7 | — | |
| + Share-based Payments | 3.1 | 71.6 | 63.4 | — | |
| + Unrealised FX (Gain) / Loss | -3.1 | 32.6 | 113.4 | — | |
| + Other Non-cash Items | 6.3 | 0.0 | 109.5 | — | |
| + Other Reconciling Items | 0.0 | 8.7 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -9.6 | -10.9 | -18.7 | — | |
| + Trade Receivables — Current | -190.7 | -513.3 | -709.3 | — | |
| + Trade Payables — Current | 54.3 | 250.8 | 392.3 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 378.1 | 311.5 | 187.6 | 190.2 | |
| + Total Adjustments (incl. Working Capital) | 743.1 | 934.9 | 1,278.4 | — | |
| Cash from Operations (pre-tax) | 1,121.2 | 1,246.4 | 1,466.0 | — | |
| + Income Taxes Paid | 83.5 | 148.9 | 232.6 | — | |
| Cash from Operating Activities | 1,037.7 | 1,097.5 | 1,233.4 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 111.7 | 329.1 | 252.4 | — | |
| + Acq of Intangible Assets | 0.0 | 709.0 | 0.0 | — | |
| + Disp of Fixed Assets | 0.4 | 23.9 | 64.3 | — | |
| + Acq of Investment Property | 0.0 | 0.0 | 709.0 | — | |
| + Acq of Other Long-term Assets | 0.0 | 0.0 | 28.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 0.0 | 947.3 | — | |
| + Sale of Investments (Equity / Debt) | 37.1 | 0.0 | 0.0 | — | |
| + Acq of Interests in Joint Ventures | 0.0 | 36.6 | 50.9 | — | |
| + Disp of Interests in Joint Ventures | 15.1 | 3.2 | 129.9 | — | |
| + Acq of Subsidiaries / Businesses (net) | 25.4 | 517.0 | 0.0 | — | |
| + Loans & Advances Made | 26.6 | 0.0 | 25.0 | — | |
| + Loans & Advances Repaid | 0.0 | 6.0 | 23.6 | — | |
| + Interest Received — Investing | 3.6 | 7.7 | 17.5 | — | |
| + Income Taxes (Paid) / Refund — Investing | 32.9 | 37.7 | 51.8 | — | |
| + Other Inflows / (Outflows) — Investing | -996.0 | -1.5 | -288.1 | — | |
| Cash from Investing Activities | -1,136.4 | -1,590.1 | -2,117.1 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 284.2 | 14.7 | 0.0 | — | |
| + Proceeds from Other Equity Instruments | 3.9 | 0.0 | 0.0 | — | |
| + Buyback / Redemption of Own Shares | 0.0 | 36.2 | 0.0 | — | |
| + Payments for Other Equity Instruments | 0.0 | 0.0 | 50.0 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 7.0 | 0.0 | 0.0 | — | |
| + Payments — Change in Ownership of Subsidiaries | 58.3 | 22.5 | 0.0 | — | |
| + Proceeds from Borrowings | 940.8 | 1,971.3 | 2,234.5 | — | |
| + Repayment of Borrowings | 326.0 | 408.7 | 328.6 | — | |
| + Payment of Lease Liabilities | 169.2 | 172.4 | 448.5 | — | |
| + Interest Paid | 287.8 | 466.3 | 395.9 | — | |
| + Dividends Paid | 109.7 | 126.3 | 174.4 | — | |
| + Other Inflows / (Outflows) — Financing | 5.9 | 0.0 | 0.0 | — | |
| Cash from Financing Activities | 290.8 | 753.7 | 837.1 | — | |
| Net Changes in Cash (pre-FX) | 192.2 | 261.1 | -46.6 | — | |
| + Effect of FX Rate Changes on Cash | -0.4 | 1.5 | 7.0 | — | |
| Net Changes in Cash | 191.8 | 262.6 | -39.6 | — | |
| Closing Cash | 675.4 | — | — | — | |
| Reference Items | |||||
| EBITDA | 1,251.0 | 1,372.9 | 1,605.3 | 1,740.7 | |
| EBITDA Margin % | 15.73 | 14.29 | 14.18 | 14.59 | |
| Free Cash Flow (CFO − Capex) | 926.0 | 59.4 | 981.0 | 981.0 | |
| Free Cash Flow to Equity | — | 1,204.5 | 2,737.2 | — | |
| Free Cash Flow per Basic Share | 279.85 | 17.95 | 296.46 | 296.46 | |
| Price to Free Cash Flow | — | — | — | 2.82 | |
| Cash Flow to Net Income | 5.27 | 6.67 | 743.01 | — | |
| Cash Paid for Taxes | 83.5 | 148.9 | 232.6 | — | |
| Cash Paid for Interest | 287.8 | 466.3 | 395.9 | — | |