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 | 6.4 | -10.7 | 12.8 | — | |
| + Finance Costs | 19.0 | -41.5 | 76.2 | — | |
| + Interest Income | -0.4 | -8.7 | 0.0 | — | |
| + Dividend Income | -0.9 | -1.3 | 0.0 | — | |
| + Share-based Payments | 0.0 | 0.0 | 1.5 | — | |
| + Other Non-cash Items | -0.0 | 1.1 | 1.5 | — | |
| + Other Reconciling Items | 0.5 | 0.0 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -180.9 | -96.1 | -361.3 | — | |
| + Trade Receivables — Current | 0.0 | 0.0 | -100.5 | — | |
| + Trade Receivables — Non-current | -35.1 | -319.1 | 0.0 | — | |
| + Other Financial Assets — Current | 0.1 | 0.6 | -0.1 | — | |
| + Other Financial Assets — Non-current | -0.3 | 0.3 | -1.2 | — | |
| + Other Current Assets | -8.4 | 10.9 | -8.2 | — | |
| + Other Non-current Assets | -1.2 | -1.4 | -0.0 | — | |
| + Trade Payables — Current | 2.9 | 15.4 | 65.6 | — | |
| + Other Financial Liabilities — Current | 20.7 | 19.7 | 2.3 | — | |
| + Other Current Liabilities | 0.7 | -0.7 | 7.6 | — | |
| + Other Non-current Liabilities | 0.0 | 0.0 | 0.2 | — | |
| + Provisions — Current | -0.1 | 0.2 | 5.6 | — | |
| + Provisions — Non-current | 0.2 | 0.4 | 1.2 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 54.1 | 174.2 | 379.1 | 513.9 | |
| + Total Adjustments (incl. Working Capital) | -177.1 | -430.9 | -296.5 | — | |
| Cash from Operations (pre-tax) | -123.1 | -256.7 | 82.6 | — | |
| + Interest Received — Operating | 0.0 | 0.0 | -14.1 | — | |
| + Dividends Received — Operating | 0.0 | 0.0 | -0.9 | — | |
| + Other Inflows / (Outflows) — Operating | -0.8 | 19.8 | -4.2 | — | |
| + Income Taxes Paid | 14.2 | 36.3 | 108.2 | — | |
| Cash from Operating Activities | -138.1 | -273.2 | -44.9 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 19.7 | 0.0 | 95.2 | — | |
| + Acq of Intangible Assets | 0.0 | 0.9 | 0.0 | — | |
| + Disp of Fixed Assets | 0.0 | -14.3 | 0.0 | — | |
| + Disp of Intangible Assets | 0.0 | 0.0 | 25.0 | — | |
| + Acq of Investment Property | 24.3 | 0.0 | 0.0 | — | |
| + Disp of Investment Property | 0.0 | 67.2 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 0.0 | 0.1 | — | |
| + Loans & Advances Made | 0.0 | 0.0 | -1.3 | — | |
| + Dividends Received — Investing | 0.9 | 1.3 | 0.9 | — | |
| + Interest Received — Investing | 0.4 | 8.7 | 14.1 | — | |
| + Other Inflows / (Outflows) — Investing | -63.4 | -218.9 | -69.7 | — | |
| Cash from Investing Activities | -106.2 | -156.9 | -123.7 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 102.6 | 260.0 | 0.0 | — | |
| + Proceeds from Other Equity Instruments | 5.4 | 0.0 | 0.0 | — | |
| + Proceeds from Exercise of Stock Options | 0.0 | 0.0 | 0.0 | — | |
| + Proceeds from Debentures / Notes / Bonds | 0.0 | 0.0 | 15.8 | — | |
| + Proceeds from Borrowings | 152.8 | 211.0 | 241.8 | — | |
| + Payment of Lease Liabilities | 0.0 | 2.9 | 6.0 | — | |
| + Payment of Finance Lease Liabilities | 1.6 | — | — | — | |
| + Interest Paid | 19.0 | 41.2 | 77.7 | — | |
| + Dividends Paid | 1.1 | 0.0 | 0.0 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | 0.0 | -2.9 | — | |
| Cash from Financing Activities | 239.2 | 427.0 | 171.0 | — | |
| Net Changes in Cash (pre-FX) | -5.0 | -3.1 | 2.4 | — | |
| + Effect of FX Rate Changes on Cash | 0.0 | 0.0 | -3.2 | — | |
| Net Changes in Cash | -5.0 | -3.1 | -0.8 | — | |
| Closing Cash | 13.4 | — | — | — | |
| Reference Items | |||||
| EBITDA | 77.2 | 196.4 | 434.3 | 591.1 | |
| EBITDA Margin % | 4.43 | 5.53 | 6.90 | 7.11 | |
| Free Cash Flow (CFO − Capex) | -157.8 | -274.0 | -140.1 | -140.1 | |
| Free Cash Flow to Equity | — | 5.0 | 21.0 | — | |
| Free Cash Flow per Basic Share | -10.19 | -17.69 | -9.05 | -9.05 | |
| Cash Flow to Net Income | -3.41 | -2.06 | -0.16 | — | |
| Cash Paid for Taxes | 14.2 | 36.3 | 108.2 | — | |
| Cash Paid for Interest | 19.0 | 41.2 | 77.7 | — | |