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 | 2,763.0 | 2,750.0 | 3,244.0 | — | |
| + Impairment Loss / (Reversal) | 0.0 | 240.0 | 750.0 | — | |
| + Finance Costs | 3,852.0 | 3,627.0 | 3,401.0 | — | |
| + Interest Income | -445.0 | -346.0 | -496.0 | — | |
| + Share-based Payments | 7.0 | 0.0 | 0.0 | — | |
| + Other Non-cash Items | -96.0 | -58.0 | -651.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 1,208.0 | 2,460.0 | -2,360.0 | — | |
| + Trade Receivables — Current | 1,435.0 | 560.0 | -4,500.0 | — | |
| + Trade Receivables — Non-current | 52.0 | 0.0 | 0.0 | — | |
| + Other Financial Assets — Non-current | 1.0 | 0.0 | 0.0 | — | |
| + Other Current Assets | 142.0 | 0.0 | 0.0 | — | |
| + Other Non-current Assets | 43.0 | 0.0 | 0.0 | — | |
| + Trade Payables — Current | -2,615.0 | 600.0 | 5,687.0 | — | |
| + Other Financial Liabilities — Current | 170.0 | 0.0 | 0.0 | — | |
| + Other Financial Liabilities — Non-current | -293.0 | 0.0 | 0.0 | — | |
| + Other Current Liabilities | -1,387.0 | 0.0 | 0.0 | — | |
| + Provisions — Current | -196.0 | 0.0 | 0.0 | — | |
| + Provisions — Non-current | 169.0 | 0.0 | 0.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -1,845.0 | 1,301.0 | 3,351.0 | 3,533.0 | |
| + Total Adjustments (incl. Working Capital) | 4,810.0 | 9,833.0 | 5,075.0 | — | |
| Cash from Operations (pre-tax) | 2,965.0 | 11,134.0 | 8,426.0 | — | |
| + Income Taxes Paid | 1,143.0 | 983.0 | 571.0 | — | |
| Cash from Operating Activities | 1,822.0 | 10,151.0 | 7,855.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 1,159.0 | 813.0 | 1,666.0 | — | |
| + Acq of Intangible Assets | 836.0 | 882.0 | 740.0 | — | |
| + Disp of Fixed Assets | 41.0 | 440.0 | 53.0 | — | |
| + Acq of Other Long-term Assets | 0.0 | 9.0 | 65.0 | — | |
| + Disp of Other Long-term Assets | 0.0 | 0.0 | 25.0 | — | |
| + Purchase of Investments (Equity / Debt) | 881.0 | 0.0 | 0.0 | — | |
| + Acq of Interests in Joint Ventures | 0.0 | 680.0 | 22.0 | — | |
| + Disp of Interests in Joint Ventures | 47.0 | 0.0 | 0.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 136.0 | 0.0 | 0.0 | — | |
| + Loans & Advances Made | 0.0 | 0.0 | 162.0 | — | |
| + Dividends Received — Investing | 26.0 | 21.0 | 275.0 | — | |
| + Interest Received — Investing | 322.0 | 299.0 | 512.0 | — | |
| + Other Inflows / (Outflows) — Investing | 98.0 | -216.0 | -572.0 | — | |
| Cash from Investing Activities | -2,478.0 | -1,840.0 | -2,362.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 1,633.0 | 1,700.0 | — | |
| + Payments for Other Equity Instruments | 0.0 | 0.0 | 3,409.0 | — | |
| + Proceeds — Change in Ownership of Subsidiaries | 0.0 | 2,863.0 | 0.0 | — | |
| + Proceeds from Borrowings | 6,466.0 | 0.0 | 575.0 | — | |
| + Repayment of Borrowings | 1,661.0 | 5,354.0 | 4,742.0 | — | |
| + Payment of Lease Liabilities | 434.0 | 530.0 | 641.0 | — | |
| + Interest Paid | 3,405.0 | 3,328.0 | 2,879.0 | — | |
| + Dividends Paid | 749.0 | 77.0 | 487.0 | — | |
| + Other Inflows / (Outflows) — Financing | -53.0 | 0.0 | 0.0 | — | |
| Cash from Financing Activities | 164.0 | -4,793.0 | -9,883.0 | — | |
| Net Changes in Cash (pre-FX) | -492.0 | 3,518.0 | -4,390.0 | — | |
| + Effect of FX Rate Changes on Cash | 468.0 | 17.0 | 887.0 | — | |
| Net Changes in Cash | -24.0 | 3,535.0 | -3,503.0 | — | |
| Closing Cash | 5,943.0 | — | — | — | |
| Reference Items | |||||
| EBITDA | 4,539.0 | 7,600.0 | 9,272.0 | 9,326.0 | |
| EBITDA Margin % | 10.53 | 16.30 | 17.89 | 17.66 | |
| Free Cash Flow (CFO − Capex) | -173.0 | 8,456.0 | 5,449.0 | 5,449.0 | |
| Free Cash Flow to Equity | — | 404.0 | 902.0 | — | |
| Free Cash Flow per Basic Share | -2.05 | 100.07 | 64.49 | 64.49 | |
| Price to Free Cash Flow | — | — | — | 8.90 | |
| Cash Flow to Net Income | -0.97 | 12.38 | 3.54 | — | |
| Cash Paid for Taxes | 1,143.0 | 983.0 | 571.0 | — | |
| Cash Paid for Interest | 3,405.0 | 3,328.0 | 2,879.0 | — | |