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 | 556.7 | 543.6 | 570.4 | — | |
| + Impairment Loss / (Reversal) | -1.7 | 20.7 | 56.0 | — | |
| + Finance Costs | 202.7 | 156.7 | 157.9 | — | |
| + Interest Income | -31.8 | -15.3 | -19.3 | — | |
| + Share-based Payments | 3.4 | 0.0 | 2.0 | — | |
| + Unrealised FX (Gain) / Loss | -7.1 | -24.4 | 7.1 | — | |
| + Other Non-cash Items | -2.9 | -1.3 | 45.7 | — | |
| + Other — Cash Effects are Investing / Financing | -5.7 | 0.0 | 0.0 | — | |
| + Other Reconciling Items | 19.6 | 0.0 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -33.9 | 19.4 | -96.5 | — | |
| + Trade Receivables — Current | -199.4 | -26.4 | -102.8 | — | |
| + Other Current Assets | 154.9 | 57.8 | 0.0 | — | |
| + Other Non-current Assets | 0.0 | 0.0 | -58.6 | — | |
| + Trade Payables — Current | -168.1 | 8.5 | 214.4 | — | |
| + Other Financial Liabilities — Non-current | 0.0 | 0.0 | 16.3 | — | |
| + Other Non-current Liabilities | -284.6 | -26.7 | 0.0 | — | |
| + Provisions — Current | -0.1 | 6.8 | 0.0 | — | |
| + Provisions — Non-current | 0.0 | 0.0 | 12.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -36.1 | 29.4 | 168.5 | 95.2 | |
| + Total Adjustments (incl. Working Capital) | 202.1 | 719.3 | 622.6 | — | |
| Cash from Operations (pre-tax) | 166.0 | 748.7 | 791.1 | — | |
| + Interest Received — Operating | -4.4 | -4.1 | 0.0 | — | |
| + Other Inflows / (Outflows) — Operating | -23.6 | -6.8 | 0.0 | — | |
| + Income Taxes Paid | 10.4 | 65.8 | 44.8 | — | |
| Cash from Operating Activities | 127.6 | 672.0 | 746.3 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 123.6 | 175.1 | 278.2 | — | |
| + Disp of Fixed Assets | 12.0 | 14.2 | 0.0 | — | |
| + Disp of Investment Property | 0.0 | 0.0 | 12.8 | — | |
| + Sale of Investments (Equity / Debt) | 51.3 | 0.0 | 0.0 | — | |
| + Interest Received — Investing | 18.0 | 8.9 | 11.5 | — | |
| + Other Inflows / (Outflows) — Investing | -80.0 | 5.2 | -37.8 | — | |
| Cash from Investing Activities | -122.2 | -146.8 | -291.7 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 956.8 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 2.9 | 2.6 | 120.7 | — | |
| + Repayment of Borrowings | 818.8 | 2.8 | 0.0 | — | |
| + Payment of Lease Liabilities | 0.0 | 0.0 | 503.7 | — | |
| + Interest Paid | 110.0 | 62.1 | 66.3 | — | |
| + Other Inflows / (Outflows) — Financing | -622.8 | -432.5 | 0.0 | — | |
| Cash from Financing Activities | -591.8 | -494.9 | -449.3 | — | |
| Net Changes in Cash (pre-FX) | -586.4 | 30.3 | 5.4 | — | |
| + Effect of FX Rate Changes on Cash | 10.0 | 5.2 | 62.6 | — | |
| Net Changes in Cash | -576.4 | 35.5 | 68.0 | — | |
| Closing Cash | 509.4 | — | — | — | |
| Reference Items | |||||
| EBITDA | 690.6 | 691.3 | 782.6 | 830.2 | |
| EBITDA Margin % | 7.51 | 6.92 | 7.11 | 7.07 | |
| Free Cash Flow (CFO − Capex) | 4.0 | 496.8 | 468.2 | 468.2 | |
| Free Cash Flow to Equity | — | 500.2 | 652.8 | — | |
| Free Cash Flow per Basic Share | 0.09 | 11.25 | 10.60 | 10.60 | |
| Price to Free Cash Flow | — | — | — | 12.26 | |
| Cash Flow to Net Income | -1.41 | -69.71 | 6.38 | — | |
| Cash Paid for Taxes | 10.4 | 65.8 | 44.8 | — | |
| Cash Paid for Interest | 110.0 | 62.1 | 66.3 | — | |