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 | 113.7 | 116.8 | 126.7 | — | |
| + Impairment Loss / (Reversal) | 73.7 | -16.3 | -96.6 | — | |
| + Finance Costs | 345.1 | 228.8 | 170.9 | — | |
| + Interest Income | -11.0 | -9.3 | -6.5 | — | |
| + Share-based Payments | 46.0 | 17.7 | 9.5 | — | |
| + Unrealised FX (Gain) / Loss | 1.6 | 0.0 | 2.3 | — | |
| + Other Non-cash Items | -5.2 | -4.4 | -21.5 | — | |
| + Other — Cash Effects are Investing / Financing | -0.5 | 35.7 | -14.5 | — | |
| Changes in Working Capital | |||||
| + Inventories | 0.8 | -0.1 | 0.0 | — | |
| + Trade Receivables — Current | 5.1 | -10.3 | -3.5 | — | |
| + Other Financial Assets — Current | -16.7 | -9.1 | -19.0 | — | |
| + Other Current Assets | 19.5 | -13.4 | -3.9 | — | |
| + Trade Payables — Current | -40.8 | -27.2 | 1.3 | — | |
| + Other Financial Liabilities — Current | -2.5 | -4.2 | 4.9 | — | |
| + Other Current Liabilities | 5.5 | -8.8 | -0.6 | — | |
| + Provisions — Current | -3.9 | -0.3 | -1.7 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -244.1 | 60.7 | 272.5 | 279.3 | |
| + Total Adjustments (incl. Working Capital) | 530.2 | 295.9 | 147.8 | — | |
| Cash from Operations (pre-tax) | 286.1 | 356.6 | 420.3 | — | |
| + Income Taxes Paid | 11.4 | -0.5 | 13.3 | — | |
| Cash from Operating Activities | 274.7 | 357.0 | 407.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 37.9 | 137.5 | 336.0 | — | |
| + Disp of Fixed Assets | 0.2 | 0.3 | 0.2 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 214.0 | 45.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 51.8 | 179.4 | — | |
| + Interest Received — Investing | 9.9 | 7.7 | 5.5 | — | |
| + Other Inflows / (Outflows) — Investing | -20.7 | 47.9 | -3.6 | — | |
| Cash from Investing Activities | -48.6 | -243.9 | -199.5 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 1,143.7 | 0.0 | 0.1 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 0.0 | 0.8 | 479.0 | — | |
| + Proceeds from Borrowings | 528.8 | 791.2 | 366.6 | — | |
| + Repayment of Borrowings | 1,203.2 | 750.4 | 781.3 | — | |
| + Payment of Lease Liabilities | 9.3 | 10.5 | 21.9 | — | |
| + Interest Paid | 672.3 | 213.3 | 154.5 | — | |
| Cash from Financing Activities | -212.3 | -182.2 | -112.0 | — | |
| Net Changes in Cash (pre-FX) | 13.8 | -69.0 | 95.4 | — | |
| + Effect of FX Rate Changes on Cash | 0.0 | 0.0 | 0.1 | — | |
| Net Changes in Cash | 13.8 | -69.0 | 95.5 | — | |
| Closing Cash | 132.4 | 63.4 | — | — | |
| Reference Items | |||||
| EBITDA | 266.5 | 406.0 | 431.4 | 439.1 | |
| EBITDA Margin % | 27.84 | 35.93 | 34.57 | 34.28 | |
| Free Cash Flow (CFO − Capex) | 236.8 | 219.6 | 71.0 | 71.0 | |
| Free Cash Flow to Equity | — | 58.5 | -503.8 | — | |
| Free Cash Flow per Basic Share | 10.66 | 9.89 | 3.20 | 3.20 | |
| Price to Free Cash Flow | — | — | — | 50.32 | |
| Cash Flow to Net Income | -1.17 | 4.18 | 0.72 | — | |
| Cash Paid for Taxes | 11.4 | -0.5 | 13.3 | — | |
| Cash Paid for Interest | 672.3 | 213.3 | 154.5 | — | |