In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | |
|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | ||||
| + Depreciation & Amortisation | 21.3 | 23.6 | 28.3 | |
| + Finance Costs | 77.9 | 74.5 | 69.5 | |
| + Other Non-cash Items | -6.4 | -11.5 | -15.9 | |
| + Other Reconciling Items | -0.0 | 0.0 | 0.0 | |
| Changes in Working Capital | ||||
| + Inventories | -13.8 | -10.8 | -89.4 | |
| + Trade Receivables — Current | -57.7 | -17.2 | -31.5 | |
| + Other Financial Assets — Current | -12.8 | -14.8 | -13.2 | |
| + Other Current Assets | 1.3 | -0.3 | 4.2 | |
| + Other Non-current Assets | -8.4 | 11.6 | 0.4 | |
| + Trade Payables — Current | -17.7 | 14.9 | -33.8 | |
| + Other Financial Liabilities — Current | 14.7 | -19.3 | 8.3 | |
| + Other Current Liabilities | -47.9 | 0.3 | -6.1 | |
| + Other Non-current Liabilities | 0.2 | 0.2 | 0.8 | |
| Cash from Operating Activities | ||||
| Profit Before Tax (per I/S) | 1.3 | 45.5 | 40.2 | |
| + Total Adjustments (incl. Working Capital) | -49.2 | 51.2 | -78.3 | |
| Cash from Operations (pre-tax) | -48.0 | 96.7 | -38.0 | |
| Cash from Operating Activities | -48.0 | 96.7 | -38.0 | |
| Cash from Investing Activities | ||||
| + Acq of Fixed Assets (Capex) | 12.1 | 0.0 | 0.0 | |
| + Disp of Fixed Assets | 0.1 | 31.9 | 15.2 | |
| + Other Inflows / (Outflows) — Investing | -37.2 | -47.1 | -7.1 | |
| Cash from Investing Activities | -49.3 | -15.2 | 8.1 | |
| Cash from Financing Activities | ||||
| + Proceeds from Issue of Shares | 148.1 | 0.0 | 5.0 | |
| + Proceeds from Other Equity Instruments | 0.0 | 18.7 | -28.9 | |
| + Proceeds from Debentures / Notes / Bonds | -55.0 | 0.0 | 198.6 | |
| + Proceeds from Borrowings | 100.0 | 0.0 | 177.0 | |
| + Repayment of Borrowings | 15.2 | 33.7 | 392.2 | |
| + Interest Paid | 77.9 | 0.0 | 0.0 | |
| + Other Inflows / (Outflows) — Financing | -2.1 | -65.6 | 65.7 | |
| Cash from Financing Activities | 97.9 | -80.6 | 25.1 | |
| Net Changes in Cash (pre-FX) | 0.7 | 1.0 | -4.8 | |
| Net Changes in Cash | 0.7 | 1.0 | -4.8 | |
| Closing Cash | 20.1 | — | — | |
| Reference Items | ||||
| EBITDA | 96.4 | 124.3 | 131.1 | |
| EBITDA Margin % | 8.85 | 10.86 | 12.37 | |
| Free Cash Flow (CFO − Capex) | -60.1 | 96.7 | -38.0 | |
| Free Cash Flow to Equity | — | 72.0 | 21.7 | |
| Free Cash Flow per Basic Share | -0.48 | 0.78 | -0.30 | |
| Cash Flow to Net Income | -4.41 | 3.73 | -1.41 | |
| Cash Paid for Interest | 77.9 | 0.0 | 0.0 | |