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 | 27,270.1 | 23,256.0 | 20,253.0 | — | |
| + Finance Costs | 9,985.8 | 5,083.0 | 3,073.0 | — | |
| + Interest Income | -2,608.6 | 2,473.0 | -2,036.0 | — | |
| + Dividend Income | -46.7 | 64.0 | -100.0 | — | |
| + Fair Value (Gains) / Losses | -25.2 | -48.0 | -133.0 | — | |
| + Share-based Payments | 42.7 | 48.0 | 16.0 | — | |
| + Unrealised FX (Gain) / Loss | -537.6 | -1,344.0 | 136.0 | — | |
| + Other Non-cash Items | 3,770.6 | -4,088.0 | 6,253.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -7,265.2 | 2,127.0 | -4,318.0 | — | |
| + Trade Receivables — Current | -1,150.7 | 3,573.0 | -1,587.0 | — | |
| + Other Financial Assets — Current | -1,701.0 | -967.0 | -640.0 | — | |
| + Other Financial Assets — Non-current | -2,106.8 | -2,322.0 | -175.0 | — | |
| + Other Current Assets | -704.1 | -1,557.0 | -3,196.0 | — | |
| + Other Non-current Assets | 2,369.8 | -1,626.0 | 2,006.0 | — | |
| + Trade Payables — Current | 13,705.8 | 1,303.0 | -1,973.0 | — | |
| + Other Financial Liabilities — Current | 1,953.6 | 257.0 | 108.0 | — | |
| + Other Financial Liabilities — Non-current | -109.0 | -810.0 | 83.0 | — | |
| + Other Current Liabilities | 2,024.1 | -458.0 | 2,042.0 | — | |
| + Other Non-current Liabilities | 2,675.2 | 2,822.0 | -985.0 | — | |
| + Provisions — Current | -2,366.6 | 1,416.0 | -2,893.0 | — | |
| + Provisions — Non-current | 0.0 | 4,398.0 | 2,490.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 27,255.3 | 33,493.0 | -2,069.0 | -4,309.0 | |
| + Total Adjustments (incl. Working Capital) | 45,176.3 | 33,600.0 | 18,424.0 | — | |
| Cash from Operations (pre-tax) | 72,431.6 | 67,093.0 | 16,355.0 | — | |
| + Income Taxes Paid | 4,516.3 | 3,991.0 | 3,314.0 | — | |
| Cash from Operating Activities | 67,915.4 | 63,102.0 | 13,041.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 12,974.7 | 15,189.0 | 13,583.0 | — | |
| + Acq of Intangible Assets | 18,438.9 | 22,853.0 | 22,699.0 | — | |
| + Disp of Fixed Assets | 231.1 | 974.0 | 46.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 12,677.0 | 0.0 | — | |
| + Sale of Investments (Equity / Debt) | 0.0 | 111.0 | 10,582.0 | — | |
| + Acq of Interests in Joint Ventures | 0.0 | 0.0 | 5.0 | — | |
| + Disp of Interests in Joint Ventures | 0.0 | 0.0 | 20.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 688.0 | 512.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 765.0 | 0.0 | — | |
| + Loans & Advances Made | 206.8 | 20.0 | 83.0 | — | |
| + Loans & Advances Repaid | 206.8 | 0.0 | 0.0 | — | |
| + Dividends Received — Investing | 95.9 | 175.0 | 199.0 | — | |
| + Interest Received — Investing | 2,492.7 | 2,420.0 | 1,940.0 | — | |
| + Other Inflows / (Outflows) — Investing | 5,765.8 | -612.0 | -715.0 | — | |
| Cash from Investing Activities | -22,828.1 | -47,594.0 | -24,810.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 81.9 | 35.0 | 22.0 | — | |
| + Buyback / Redemption of Own Shares | 0.0 | 63.0 | 0.0 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 3,812.3 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 21,823.5 | 13,384.0 | 26,425.0 | — | |
| + Repayment of Borrowings | 47,331.7 | 21,443.0 | 18,110.0 | — | |
| + Payment of Lease Liabilities | 1,924.0 | 2,393.0 | 2,145.0 | — | |
| + Interest Paid | 9,332.3 | 5,814.0 | 5,111.0 | — | |
| + Dividends Paid | 769.3 | 2,303.0 | 2,203.0 | — | |
| + Other Inflows / (Outflows) — Financing | -3,366.4 | -189.0 | -222.0 | — | |
| Cash from Financing Activities | -37,006.0 | -18,786.0 | -1,344.0 | — | |
| Net Changes in Cash (pre-FX) | 8,081.3 | -3,278.0 | -13,113.0 | — | |
| + Effect of FX Rate Changes on Cash | 46.5 | -2,388.0 | 1,644.0 | — | |
| Net Changes in Cash | 8,127.8 | -5,666.0 | -11,469.0 | — | |
| Closing Cash | 40,014.8 | 34,349.0 | 22,880.0 | — | |
| Reference Items | |||||
| EBITDA | 59,538.3 | 56,138.0 | 18,897.0 | 16,910.0 | |
| EBITDA Margin % | 13.60 | 12.77 | 5.63 | 4.92 | |
| Free Cash Flow (CFO − Capex) | 36,501.7 | 25,060.0 | -23,241.0 | -23,241.0 | |
| Free Cash Flow to Equity | — | -16,755.1 | -20,898.0 | — | |
| Free Cash Flow per Basic Share | 99.05 | 68.01 | -63.07 | -63.07 | |
| Cash Flow to Net Income | 2.14 | 2.24 | 0.16 | — | |
| Cash Paid for Taxes | 4,516.3 | 3,991.0 | 3,314.0 | — | |
| Cash Paid for Interest | 9,332.3 | 5,814.0 | 5,111.0 | — | |