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 | 655.5 | 694.9 | 787.1 | — | |
| + Finance Costs | 535.6 | 698.1 | 777.2 | — | |
| + Interest Income | -83.1 | -95.4 | -69.6 | — | |
| + Dividend Income | -9.9 | -8.7 | -7.5 | — | |
| + Unrealised FX (Gain) / Loss | 765.5 | 10.3 | -339.6 | — | |
| + Undistributed Profits of Associates | -12.8 | -15.5 | 0.0 | — | |
| + Other Non-cash Items | 0.6 | -5.4 | 6.7 | — | |
| + Other Reconciling Items | -10.9 | -7.6 | -9.5 | — | |
| Changes in Working Capital | |||||
| + Inventories | 393.1 | -617.6 | 127.1 | — | |
| + Trade Receivables — Current | -205.2 | -313.7 | -109.9 | — | |
| + Other Financial Assets — Current | -378.1 | 0.0 | -626.5 | — | |
| + Other Current Assets | 0.0 | 214.1 | 0.0 | — | |
| + Trade Payables — Current | -107.0 | 240.5 | 168.7 | — | |
| + Other Financial Liabilities — Current | -22.1 | 0.0 | -3.8 | — | |
| + Other Current Liabilities | 0.0 | 208.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -548.9 | 248.1 | 400.2 | 797.5 | |
| + Total Adjustments (incl. Working Capital) | 1,546.8 | 1,033.0 | 700.5 | — | |
| Cash from Operations (pre-tax) | 997.9 | 1,281.1 | 1,100.8 | — | |
| + Income Taxes Paid | 172.5 | 146.3 | 108.4 | — | |
| Cash from Operating Activities | 825.4 | 1,134.8 | 992.4 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 1,636.9 | 1,731.4 | 2,049.4 | — | |
| + Disp of Fixed Assets | 2.1 | 0.0 | 0.0 | — | |
| + Disp of Intangible Assets | 0.0 | 5.7 | 6.9 | — | |
| + Acq of Investment Property | 0.0 | 5.4 | 0.0 | — | |
| + Disp of Investment Property | -6.5 | 0.0 | 0.0 | — | |
| + Loans & Advances Made | 38.3 | 46.8 | -14.0 | — | |
| + Dividends Received — Investing | 11.2 | 10.1 | 9.0 | — | |
| + Interest Received — Investing | 80.6 | 91.8 | 69.6 | — | |
| + Other Inflows / (Outflows) — Investing | -31.3 | -56.2 | -65.0 | — | |
| Cash from Investing Activities | -1,619.1 | -1,732.3 | -2,014.9 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Borrowings | 1,224.8 | 1,396.3 | 1,736.7 | — | |
| + Payment of Lease Liabilities | 31.5 | 62.9 | 20.7 | — | |
| + Interest Paid | 395.9 | 648.2 | 753.5 | — | |
| + Dividends Paid | 21.8 | 7.5 | 21.6 | — | |
| Cash from Financing Activities | 775.6 | 677.8 | 940.8 | — | |
| Net Changes in Cash (pre-FX) | -18.1 | 80.3 | -81.7 | — | |
| + Effect of FX Rate Changes on Cash | 1,091.4 | 0.0 | 0.0 | — | |
| Net Changes in Cash | 1,073.3 | 80.3 | -81.7 | — | |
| Closing Cash | 1,073.3 | — | — | — | |
| Reference Items | |||||
| EBITDA | 1,367.3 | 1,671.2 | 1,871.1 | 2,302.3 | |
| EBITDA Margin % | 10.23 | 11.11 | 12.15 | 13.65 | |
| Free Cash Flow (CFO − Capex) | -811.5 | -596.6 | -1,057.1 | -1,057.1 | |
| Free Cash Flow to Equity | — | 151.5 | -73.9 | — | |
| Free Cash Flow per Basic Share | -112.38 | -82.62 | -146.39 | -146.39 | |
| Cash Flow to Net Income | -1.19 | 7.97 | 3.13 | — | |
| Cash Paid for Taxes | 172.5 | 146.3 | 108.4 | — | |
| Cash Paid for Interest | 395.9 | 648.2 | 753.5 | — | |