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 | 149.5 | 173.8 | 205.9 | — | |
| + Impairment Loss / (Reversal) | -5.2 | 2.7 | 0.2 | — | |
| + Finance Costs | 77.0 | 70.0 | 37.7 | — | |
| + Interest Income | -1.3 | -16.2 | 23.3 | — | |
| + Fair Value (Gains) / Losses | -0.3 | 0.1 | -0.1 | — | |
| + Share-based Payments | 4.6 | 3.3 | 3.8 | — | |
| + Unrealised FX (Gain) / Loss | 6.0 | 4.1 | 0.7 | — | |
| + Undistributed Profits of Associates | 0.0 | -0.8 | 0.0 | — | |
| + Other Non-cash Items | -6.4 | 0.1 | 0.3 | — | |
| + Other — Cash Effects are Investing / Financing | 0.0 | -6.2 | -6.7 | — | |
| Changes in Working Capital | |||||
| + Inventories | -47.9 | -82.1 | -170.2 | — | |
| + Trade Receivables — Current | -31.0 | 4.4 | -157.8 | — | |
| + Other Non-current Assets | 0.0 | -17.5 | -39.7 | — | |
| + Trade Payables — Current | 0.0 | 6.7 | 180.7 | — | |
| + Trade Payables — Non-current | 63.4 | 0.0 | 0.0 | — | |
| + Other Current Liabilities | -10.7 | 6.4 | -1.2 | — | |
| + Other Non-current Liabilities | -10.9 | 0.0 | 0.0 | — | |
| + Provisions — Current | -2.4 | 1.1 | 25.3 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 255.8 | 291.2 | 431.7 | 464.6 | |
| + Total Adjustments (incl. Working Capital) | 184.0 | 150.4 | 102.4 | — | |
| Cash from Operations (pre-tax) | 439.8 | 441.6 | 534.1 | — | |
| + Income Taxes Paid | 65.4 | 65.0 | -97.4 | — | |
| Cash from Operating Activities | 374.3 | 376.6 | 631.5 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 335.6 | 590.7 | -511.3 | — | |
| + Acq of Intangible Assets | 1.7 | 2.0 | 0.0 | — | |
| + Disp of Fixed Assets | -1.4 | 0.1 | 2.8 | — | |
| + Disp of Intangible Assets | 0.0 | 0.0 | -1.3 | — | |
| + Acq of Other Long-term Assets | 0.0 | 361.2 | 81.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 0.0 | -0.8 | — | |
| + Acq of Subsidiaries / Businesses (net) | 29.1 | 10.0 | -25.0 | — | |
| + Investment in Partnership Firms / LLPs | 0.0 | 0.0 | -11.7 | — | |
| + Dividends Received — Investing | 0.0 | 0.3 | 0.0 | — | |
| + Interest Received — Investing | 1.3 | 11.9 | 24.8 | — | |
| + Other Inflows / (Outflows) — Investing | -1.9 | -3.2 | 0.0 | — | |
| Cash from Investing Activities | -368.3 | -954.8 | 494.1 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 25.2 | 31.4 | — | |
| + Proceeds from Other Equity Instruments | 0.0 | 1,175.6 | 0.0 | — | |
| + Proceeds from Exercise of Stock Options | 3.2 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 213.5 | 221.7 | 8.8 | — | |
| + Repayment of Borrowings | 124.2 | 728.1 | 138.6 | — | |
| + Payment of Lease Liabilities | 0.0 | 29.8 | -22.7 | — | |
| + Payment of Finance Lease Liabilities | 12.9 | — | — | — | |
| + Interest Paid | 74.3 | 65.0 | -31.5 | — | |
| + Dividends Paid | 13.3 | 16.2 | -20.2 | — | |
| Cash from Financing Activities | -8.0 | 583.4 | -24.0 | — | |
| Net Changes in Cash (pre-FX) | -2.0 | 5.2 | 1,101.6 | — | |
| + Effect of FX Rate Changes on Cash | 1.0 | -2.3 | -28.3 | — | |
| Net Changes in Cash | -0.9 | 2.9 | 1,073.3 | — | |
| Closing Cash | 48.6 | 51.5 | — | — | |
| Reference Items | |||||
| EBITDA | 479.9 | 514.8 | 632.1 | 696.1 | |
| EBITDA Margin % | 17.07 | 17.06 | 18.07 | 18.55 | |
| Free Cash Flow (CFO − Capex) | 37.1 | -216.1 | 1,142.8 | 1,142.8 | |
| Free Cash Flow to Equity | — | -782.6 | 1,269.2 | — | |
| Free Cash Flow per Basic Share | 5.95 | -34.68 | 183.34 | 183.34 | |
| Price to Free Cash Flow | — | — | — | 22.37 | |
| Cash Flow to Net Income | 2.00 | 1.74 | 1.93 | — | |
| Cash Paid for Taxes | 65.4 | 65.0 | -97.4 | — | |
| Cash Paid for Interest | 74.3 | 65.0 | -31.5 | — | |