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 | 9,882.2 | 10,421.3 | 11,954.5 | — | |
| + Finance Costs | 7,507.6 | 7,341.0 | 7,167.1 | — | |
| + Interest Income | -713.1 | -1,037.2 | -906.5 | — | |
| + Dividend Income | -51.4 | -71.4 | -106.8 | — | |
| + Unrealised FX (Gain) / Loss | -153.9 | -15.9 | -298.2 | — | |
| + Other Non-cash Items | 152.5 | -1,559.5 | -162.9 | — | |
| + Other — Cash Effects are Investing / Financing | 6,701.9 | 628.7 | 971.3 | — | |
| Changes in Working Capital | |||||
| + Inventories | 5,565.7 | 4,776.0 | 1,290.1 | — | |
| + Trade Receivables — Current | 2,599.4 | 1,137.2 | -446.5 | — | |
| + Trade Payables — Current | -4,781.3 | -3,706.1 | 4,598.7 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -1,089.1 | 8,222.1 | 15,600.2 | 16,354.2 | |
| + Total Adjustments (incl. Working Capital) | 26,709.5 | 17,914.0 | 24,060.8 | — | |
| Cash from Operations (pre-tax) | 25,620.4 | 26,136.0 | 39,661.0 | — | |
| + Income Taxes Paid | 5,319.7 | 2,624.2 | 4,596.6 | — | |
| Cash from Operating Activities | 20,300.7 | 23,511.8 | 35,064.5 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 18,206.6 | 15,670.5 | 14,559.1 | — | |
| + Disp of Fixed Assets | 475.4 | 514.0 | 862.8 | — | |
| + Purchase of Investments (Equity / Debt) | 4.0 | 392.8 | 552.9 | — | |
| + Sale of Investments (Equity / Debt) | 3,170.6 | 554.0 | 19.9 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 6.0 | 2,845.9 | — | |
| + Disp of Subsidiaries / Businesses (net) | 123.2 | 28.1 | 610.7 | — | |
| + Loans & Advances Made | 7.3 | 2.5 | 32.1 | — | |
| + Loans & Advances Repaid | 0.0 | 0.0 | 43.7 | — | |
| + Government Grants Received | 0.0 | 0.0 | 533.3 | — | |
| + Dividends Received — Investing | 336.2 | 293.5 | 407.7 | — | |
| + Interest Received — Investing | 333.3 | 242.2 | 649.5 | — | |
| + Other Inflows / (Outflows) — Investing | -472.2 | 267.4 | -42.9 | — | |
| Cash from Investing Activities | -14,251.4 | -14,172.7 | -14,905.3 | — | |
| Cash from Financing Activities | |||||
| + Payments — Change in Ownership of Subsidiaries | 157.4 | 30.0 | 19.7 | — | |
| + Proceeds from Debentures / Notes / Bonds | 0.0 | 3,000.0 | 0.0 | — | |
| + Proceeds from Borrowings | 14,120.4 | 20,893.0 | 15,953.5 | — | |
| + Repayment of Borrowings | 11,750.9 | 17,596.7 | 23,896.8 | — | |
| + Payment of Lease Liabilities | 0.0 | 971.4 | 1,162.1 | — | |
| + Payment of Finance Lease Liabilities | 1,139.7 | — | — | — | |
| + Interest Paid | 8,144.6 | 8,119.2 | 8,065.6 | — | |
| + Dividends Paid | 4,428.8 | 4,489.9 | 4,489.9 | — | |
| + Other Inflows / (Outflows) — Financing | 404.0 | 311.7 | 293.4 | — | |
| Cash from Financing Activities | -11,097.0 | -7,002.4 | -21,387.1 | — | |
| Net Changes in Cash (pre-FX) | -5,047.8 | 2,336.6 | -1,228.0 | — | |
| + Effect of FX Rate Changes on Cash | -1.3 | 187.5 | 508.0 | — | |
| Net Changes in Cash | -5,049.1 | 2,524.1 | -720.0 | — | |
| Closing Cash | 7,080.8 | 9,605.0 | 8,885.0 | — | |
| Reference Items | |||||
| EBITDA | 22,305.9 | 25,298.5 | 34,352.4 | 36,189.2 | |
| EBITDA Margin % | 9.73 | 11.58 | 14.80 | 15.09 | |
| Free Cash Flow (CFO − Capex) | 2,094.1 | 7,841.3 | 20,505.4 | 20,505.4 | |
| Free Cash Flow to Equity | — | 7,441.1 | 10,020.5 | — | |
| Free Cash Flow per Basic Share | 1.68 | 6.29 | 16.44 | 16.44 | |
| Price to Free Cash Flow | — | — | — | 11.32 | |
| Cash Flow to Net Income | -4.13 | 7.41 | 3.22 | — | |
| Cash Paid for Taxes | 5,319.7 | 2,624.2 | 4,596.6 | — | |
| Cash Paid for Interest | 8,144.6 | 8,119.2 | 8,065.6 | — | |