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 | 5.6 | 7.5 | 15.4 | — | |
| + Finance Costs | 12.5 | 16.3 | 21.2 | — | |
| + Interest Income | -0.8 | -1.0 | 0.0 | — | |
| + Dividend Income | -0.0 | -0.0 | 0.0 | — | |
| + Fair Value (Gains) / Losses | -0.0 | 0.0 | 0.0 | — | |
| + Unrealised FX (Gain) / Loss | -0.6 | -2.1 | 0.0 | — | |
| + Other Non-cash Items | 0.0 | -0.1 | 0.0 | — | |
| + Other — Cash Effects are Investing / Financing | 0.0 | -5.2 | 0.0 | — | |
| + Other Reconciling Items | -0.1 | 0.0 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -10.2 | -5.7 | -19.3 | — | |
| + Trade Receivables — Current | -42.9 | -33.8 | -32.2 | — | |
| + Other Financial Assets — Current | -0.5 | -10.1 | 0.0 | — | |
| + Other Financial Assets — Non-current | 0.0 | 0.0 | -5.3 | — | |
| + Other Current Assets | 0.8 | -2.0 | -11.0 | — | |
| + Trade Payables — Current | 19.0 | 20.8 | 18.9 | — | |
| + Other Financial Liabilities — Current | 3.7 | -3.1 | 0.0 | — | |
| + Other Financial Liabilities — Non-current | 0.0 | 0.0 | 24.7 | — | |
| + Other Current Liabilities | 0.6 | 0.4 | 12.3 | — | |
| + Other Non-current Liabilities | 0.1 | 0.0 | 0.0 | — | |
| + Provisions — Current | 0.3 | 0.8 | 4.1 | — | |
| + Provisions — Non-current | 0.1 | 0.1 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 3.2 | 11.5 | 29.8 | 38.1 | |
| + Total Adjustments (incl. Working Capital) | -12.3 | -17.2 | 30.7 | — | |
| Cash from Operations (pre-tax) | -9.1 | -5.6 | 60.5 | — | |
| + Interest Paid — Operating | 0.0 | 0.0 | 4.9 | — | |
| + Dividends Received — Operating | 0.0 | 0.0 | -0.0 | — | |
| + Other Inflows / (Outflows) — Operating | 0.0 | 0.0 | 0.0 | — | |
| + Income Taxes Paid | 0.0 | 0.1 | 0.0 | — | |
| Cash from Operating Activities | -9.2 | -5.7 | 55.6 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 0.0 | 8.3 | 67.8 | — | |
| + Disp of Fixed Assets | 0.1 | 0.0 | 0.0 | — | |
| + Disp of Intangible Assets | 0.0 | 4.4 | 0.0 | — | |
| + Disp of Investment Property | 0.0 | 0.2 | 0.0 | — | |
| + Acq of Other Long-term Assets | 0.0 | 1.9 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.9 | 0.2 | 0.0 | — | |
| + Investment in Partnership Firms / LLPs | 0.0 | -2.9 | 29.5 | — | |
| + Share of Profits — Partnership Firms / LLPs | 0.0 | 0.1 | 0.0 | — | |
| + Dividends Received — Investing | 0.0 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 0.2 | 1.7 | 4.9 | — | |
| + Income Taxes (Paid) / Refund — Investing | 0.9 | 0.0 | 2.8 | — | |
| + Other Inflows / (Outflows) — Investing | -39.2 | 0.8 | -0.4 | — | |
| Cash from Investing Activities | -40.7 | -0.4 | -95.7 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 20.0 | 0.0 | 72.1 | — | |
| + Proceeds from Other Equity Instruments | 0.0 | 0.0 | 5.6 | — | |
| + Proceeds from Borrowings | 67.7 | 40.0 | 27.0 | — | |
| + Repayment of Borrowings | 33.3 | 16.7 | 36.4 | — | |
| + Payment of Lease Liabilities | 0.0 | -2.8 | 0.0 | — | |
| + Interest Paid | 0.0 | 17.3 | 21.2 | — | |
| + Other Inflows / (Outflows) — Financing | -5.7 | 0.3 | 0.0 | — | |
| Cash from Financing Activities | 48.6 | 9.1 | 47.1 | — | |
| Net Changes in Cash (pre-FX) | -1.3 | 3.0 | 7.1 | — | |
| Net Changes in Cash | -1.3 | 3.0 | 7.1 | — | |
| Closing Cash | 1.6 | — | — | — | |
| Reference Items | |||||
| EBITDA | 20.4 | 34.0 | 61.5 | 78.0 | |
| EBITDA Margin % | 12.44 | 13.95 | 15.50 | 15.16 | |
| Free Cash Flow (CFO − Capex) | -9.2 | -14.0 | -12.2 | -12.2 | |
| Free Cash Flow to Equity | — | -13.4 | -42.7 | — | |
| Free Cash Flow per Basic Share | -8.06 | -12.30 | -10.67 | -10.67 | |
| Cash Flow to Net Income | -2.76 | -0.52 | 1.92 | — | |
| Cash Paid for Taxes | 0.0 | 0.1 | 0.0 | — | |
| Cash Paid for Interest | 0.0 | 17.3 | 21.2 | — | |