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 | 53.9 | 47.1 | 46.7 | — | |
| + Impairment Loss / (Reversal) | 12.0 | 0.0 | 29.3 | — | |
| + Finance Costs | 19.6 | 10.3 | 6.7 | — | |
| + Interest Income | -13.3 | 0.0 | -13.0 | — | |
| + Fair Value (Gains) / Losses | -4.1 | -10.7 | 2.1 | — | |
| + Share-based Payments | 0.0 | 2.9 | 1.5 | — | |
| + Unrealised FX (Gain) / Loss | -0.2 | 0.0 | 0.0 | — | |
| + Other Non-cash Items | 1.1 | 8.6 | -1.7 | — | |
| + Other — Cash Effects are Investing / Financing | 15.8 | 0.0 | 0.0 | — | |
| + Other Reconciling Items | 7.0 | 0.3 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 0.4 | -0.9 | -2.5 | — | |
| + Trade Receivables — Current | -60.3 | -120.2 | -46.4 | — | |
| + Other Financial Assets — Current | -225.8 | 0.0 | 0.7 | — | |
| + Other Current Assets | -24.3 | 0.0 | 0.0 | — | |
| + Other Non-current Assets | 0.1 | -7.9 | 0.0 | — | |
| + Trade Payables — Current | 26.2 | 10.2 | 42.7 | — | |
| + Other Financial Liabilities — Current | 18.6 | 0.0 | 0.0 | — | |
| + Other Current Liabilities | -13.2 | 0.0 | 0.0 | — | |
| + Other Non-current Liabilities | 0.0 | 30.8 | 0.0 | — | |
| + Provisions — Current | -1.6 | 0.0 | 0.0 | — | |
| + Provisions — Non-current | -5.7 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 84.6 | 144.7 | 96.1 | 129.2 | |
| + Total Adjustments (incl. Working Capital) | -193.6 | -29.3 | 66.2 | — | |
| Cash from Operations (pre-tax) | -109.0 | 115.4 | 162.3 | — | |
| + Interest Received — Operating | 0.0 | -17.7 | 0.0 | — | |
| + Interest Paid — Operating | 0.0 | 0.0 | 18.6 | — | |
| + Income Taxes Paid | 41.1 | 46.8 | 0.0 | — | |
| Cash from Operating Activities | -150.1 | 50.8 | 143.6 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 39.6 | 13.5 | 19.3 | — | |
| + Disp of Fixed Assets | 2.0 | 0.4 | 0.4 | — | |
| + Disp of Investment Property | -46.4 | 0.0 | 0.0 | — | |
| + Purchase of Investments (Equity / Debt) | 0.0 | 0.0 | 33.1 | — | |
| + Acq of Subsidiaries / Businesses (net) | 0.0 | 96.9 | 15.6 | — | |
| + Interest Received — Investing | 25.7 | 14.4 | 13.2 | — | |
| + Income Taxes (Paid) / Refund — Investing | 5.0 | 0.0 | 0.0 | — | |
| + Other Inflows / (Outflows) — Investing | 0.0 | 114.2 | 76.6 | — | |
| Cash from Investing Activities | -63.3 | 18.6 | 22.2 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 371.9 | 0.0 | 0.0 | — | |
| + Proceeds from Exercise of Stock Options | 0.0 | 0.2 | 0.0 | — | |
| + Proceeds from Borrowings | 1.3 | 533.5 | 421.6 | — | |
| + Repayment of Borrowings | 126.7 | 538.0 | 469.9 | — | |
| + Payment of Lease Liabilities | 16.5 | 25.7 | 25.6 | — | |
| + Payment of Finance Lease Liabilities | 0.4 | — | — | — | |
| + Interest Paid | 23.4 | 0.0 | 2.0 | — | |
| + Dividends Paid | 8.7 | 0.0 | 0.0 | — | |
| + Income Taxes (Paid) / Refund — Financing | 2.8 | 0.0 | 0.0 | — | |
| + Other Inflows / (Outflows) — Financing | -12.3 | -4.6 | 0.0 | — | |
| Cash from Financing Activities | 182.4 | -34.5 | -75.9 | — | |
| Net Changes in Cash (pre-FX) | -31.1 | 34.9 | 90.0 | — | |
| Net Changes in Cash | -31.1 | 34.9 | 90.0 | — | |
| Closing Cash | 83.6 | — | — | — | |
| Reference Items | |||||
| EBITDA | 134.2 | 166.5 | 134.2 | 176.5 | |
| EBITDA Margin % | 5.49 | 6.09 | 4.56 | 4.77 | |
| Free Cash Flow (CFO − Capex) | -189.8 | 37.3 | 124.3 | 124.3 | |
| Free Cash Flow to Equity | — | 32.8 | 74.0 | — | |
| Free Cash Flow per Basic Share | -28.34 | 5.57 | 18.57 | 18.57 | |
| Price to Free Cash Flow | — | — | — | 11.56 | |
| Cash Flow to Net Income | -2.27 | 0.43 | 1.74 | — | |
| Cash Paid for Taxes | 41.1 | 46.8 | 0.0 | — | |
| Cash Paid for Interest | 23.4 | 0.0 | 2.0 | — | |