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 | 16.8 | 14.6 | 11.6 | — | |
| + Impairment Loss / (Reversal) | 0.0 | -48.6 | -48.2 | — | |
| + Finance Costs | 200.1 | 109.5 | 153.8 | — | |
| + Interest Income | 9.2 | 0.0 | 0.0 | — | |
| + Share-based Payments | 1.0 | -1.0 | 0.7 | — | |
| + Unrealised FX (Gain) / Loss | -6.5 | -26.4 | -17.3 | — | |
| + Other Non-cash Items | 0.0 | 0.4 | 686.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 0.4 | -1.5 | 0.5 | — | |
| + Trade Receivables — Current | -42.2 | -436.6 | -561.5 | — | |
| + Other Financial Assets — Current | 6.1 | -30.1 | -261.7 | — | |
| + Other Financial Assets — Non-current | -11.7 | 0.0 | 0.0 | — | |
| + Other Current Assets | -860.2 | -480.8 | 473.5 | — | |
| + Other Non-current Assets | -2.9 | 0.0 | 0.0 | — | |
| + Other Bank Balances | 2.6 | 0.0 | 0.1 | — | |
| + Trade Payables — Current | 1,482.0 | 855.7 | -334.7 | — | |
| + Other Financial Liabilities — Non-current | 0.0 | -10.8 | -14.5 | — | |
| + Other Current Liabilities | -23.7 | 0.0 | 0.0 | — | |
| + Other Non-current Liabilities | 3.4 | 0.0 | 0.0 | — | |
| + Provisions — Current | -28.4 | -0.3 | 0.0 | — | |
| + Provisions — Non-current | 0.0 | -1.4 | 1.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -172.3 | 162.5 | -270.2 | -288.3 | |
| + Total Adjustments (incl. Working Capital) | 746.1 | -57.4 | 89.2 | — | |
| Cash from Operations (pre-tax) | 573.8 | 105.1 | -181.1 | — | |
| + Interest Received — Operating | 0.0 | 10.1 | -25.0 | — | |
| + Other Inflows / (Outflows) — Operating | 0.0 | 0.0 | -0.6 | — | |
| + Income Taxes Paid | -28.1 | 75.0 | 50.6 | — | |
| Cash from Operating Activities | 601.8 | 40.3 | -257.4 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 1.0 | 4.4 | 11.2 | — | |
| + Disp of Fixed Assets | 0.4 | 0.0 | 0.3 | — | |
| + Acq of Investment Property | 13.0 | 0.0 | 0.0 | — | |
| + Disp of Investment Property | 0.0 | -0.8 | 0.3 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 7.7 | 9.5 | 15.5 | — | |
| + Other Inflows / (Outflows) — Investing | 1.2 | -81.6 | -111.5 | — | |
| Cash from Investing Activities | -4.7 | -77.3 | -106.7 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 1,474.7 | 7.0 | 0.9 | — | |
| + Proceeds from Borrowings | 895.0 | 665.3 | 600.0 | — | |
| + Repayment of Borrowings | 2,433.3 | 240.4 | 358.4 | — | |
| + Payment of Lease Liabilities | 6.9 | 9.0 | 8.1 | — | |
| + Interest Paid | 215.5 | 0.0 | 0.0 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | -105.8 | -131.6 | — | |
| Cash from Financing Activities | -286.0 | 317.0 | 102.7 | — | |
| Net Changes in Cash (pre-FX) | 311.2 | 279.9 | -261.4 | — | |
| + Effect of FX Rate Changes on Cash | -63.5 | -0.1 | 0.0 | — | |
| Net Changes in Cash | 247.7 | 279.8 | -261.4 | — | |
| Closing Cash | 295.6 | — | 314.1 | — | |
| Reference Items | |||||
| EBITDA | -22.6 | 246.7 | 302.1 | 295.3 | |
| EBITDA Margin % | -0.74 | 3.92 | 4.00 | 4.00 | |
| Free Cash Flow (CFO − Capex) | 600.8 | 35.9 | -268.6 | -268.6 | |
| Free Cash Flow to Equity | — | 460.7 | -6.3 | — | |
| Free Cash Flow per Basic Share | 25.73 | 1.54 | -11.50 | -11.50 | |
| Cash Flow to Net Income | -2.86 | 0.47 | 0.87 | — | |
| Cash Paid for Taxes | -28.1 | 75.0 | 50.6 | — | |
| Cash Paid for Interest | 215.5 | 0.0 | 0.0 | — | |