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 | 220.7 | 192.3 | 202.4 | — | |
| + Impairment Loss / (Reversal) | 0.0 | 1.1 | -2.8 | — | |
| + Finance Costs | 314.4 | 248.9 | 178.5 | — | |
| + Interest Income | -30.4 | 0.0 | 0.0 | — | |
| + Dividend Income | 0.0 | -48.0 | -40.5 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -102.1 | 0.0 | — | |
| + Share-based Payments | 1.6 | 1.6 | 0.3 | — | |
| + Unrealised FX (Gain) / Loss | 20.9 | 13.6 | -40.8 | — | |
| + Other Non-cash Items | 157.8 | -9.3 | -107.3 | — | |
| + Other — Cash Effects are Investing / Financing | -5.7 | -2.1 | -1.3 | — | |
| Changes in Working Capital | |||||
| + Inventories | 30.7 | -217.0 | -284.5 | — | |
| + Trade Receivables — Current | 39.1 | -51.6 | -109.3 | — | |
| + Trade Payables — Current | -148.5 | 104.9 | 310.7 | — | |
| + Provisions — Current | 17.5 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 58.8 | 485.1 | 668.2 | 747.2 | |
| + Total Adjustments (incl. Working Capital) | 618.0 | 132.3 | 105.4 | — | |
| Cash from Operations (pre-tax) | 676.8 | 617.3 | 773.6 | — | |
| + Income Taxes Paid | -24.2 | -67.0 | 71.1 | — | |
| Cash from Operating Activities | 701.1 | 684.4 | 702.5 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 118.2 | 242.5 | 422.9 | — | |
| + Disp of Fixed Assets | 88.8 | 68.1 | 119.3 | — | |
| + Disp of Other Long-term Assets | 0.0 | 41.5 | 92.2 | — | |
| + Purchase of Investments (Equity / Debt) | 15.1 | 0.0 | 0.0 | — | |
| + Loans & Advances Made | 54.2 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 0.0 | 13.3 | 4.6 | — | |
| + Interest Received — Investing | 15.3 | 0.0 | 0.0 | — | |
| + Other Inflows / (Outflows) — Investing | -66.9 | 29.8 | 33.9 | — | |
| Cash from Investing Activities | -150.3 | -89.7 | -173.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 1.4 | 6.1 | 0.4 | — | |
| + Proceeds from Other Equity Instruments | 51.3 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 349.8 | 171.4 | 170.5 | — | |
| + Repayment of Borrowings | 734.2 | 763.7 | 382.8 | — | |
| + Payment of Lease Liabilities | 55.8 | 33.4 | 36.7 | — | |
| + Interest Paid | 292.2 | 0.0 | 167.9 | — | |
| + Dividends Paid | 13.5 | 23.0 | 36.9 | — | |
| Cash from Financing Activities | -693.3 | -642.6 | -453.4 | — | |
| Net Changes in Cash (pre-FX) | -142.5 | -47.9 | 76.1 | — | |
| + Effect of FX Rate Changes on Cash | 0.0 | -0.5 | 0.1 | — | |
| Net Changes in Cash | -142.5 | -48.4 | 76.1 | — | |
| Closing Cash | 161.0 | 112.6 | 188.7 | — | |
| Reference Items | |||||
| EBITDA | 743.3 | 802.8 | 925.3 | 937.0 | |
| EBITDA Margin % | 18.35 | 17.58 | 19.04 | 18.72 | |
| Free Cash Flow (CFO − Capex) | 582.9 | 441.9 | 279.6 | 279.6 | |
| Free Cash Flow to Equity | — | -177.0 | -15.3 | — | |
| Free Cash Flow per Basic Share | 63.24 | 47.94 | 30.33 | 30.33 | |
| Price to Free Cash Flow | — | — | — | 39.92 | |
| Cash Flow to Net Income | -7.43 | 0.19 | 1.22 | — | |
| Cash Paid for Taxes | -24.2 | -67.0 | 71.1 | — | |
| Cash Paid for Interest | 292.2 | 0.0 | 167.9 | — | |