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 | 26.1 | 53.0 | 5.7 | — | |
| + Impairment Loss / (Reversal) | -302.7 | 0.0 | 313.0 | — | |
| + Finance Costs | 83.3 | 92.9 | 0.0 | — | |
| + Interest Income | 0.0 | -40.4 | 0.0 | — | |
| + Fair Value (Gains) / Losses | -3.0 | 0.0 | -46.3 | — | |
| + Share-based Payments | 0.5 | 0.9 | 1.1 | — | |
| + Unrealised FX (Gain) / Loss | 0.8 | 0.3 | 0.0 | — | |
| + Other Non-cash Items | -22.6 | 8.3 | -3.1 | — | |
| + Other — Cash Effects are Investing / Financing | -973.9 | 0.0 | 0.0 | — | |
| + Other Reconciling Items | -39.6 | 0.0 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | -76.7 | 677.8 | 614.2 | — | |
| + Trade Receivables — Current | 7.8 | -175.0 | -42.5 | — | |
| + Other Financial Assets — Current | -87.3 | 9.0 | -292.4 | — | |
| + Other Financial Assets — Non-current | 18.5 | 67.0 | -24.3 | — | |
| + Other Current Assets | 73.6 | 101.9 | 53.6 | — | |
| + Other Non-current Assets | 11.0 | -14.1 | -13.8 | — | |
| + Trade Payables — Current | 29.0 | 62.5 | -28.1 | — | |
| + Other Financial Liabilities — Current | -70.4 | -100.0 | 198.3 | — | |
| + Other Financial Liabilities — Non-current | -2.2 | 0.0 | -9.8 | — | |
| + Other Current Liabilities | 186.5 | -28.9 | -5.1 | — | |
| + Provisions — Current | 2.5 | 6.4 | 97.4 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 1,377.8 | -194.8 | 97.6 | 61.0 | |
| + Total Adjustments (incl. Working Capital) | -1,139.0 | 721.5 | 818.0 | — | |
| Cash from Operations (pre-tax) | 238.9 | 526.8 | 915.6 | — | |
| + Interest Received — Operating | 0.0 | 0.0 | -20.4 | — | |
| + Interest Paid — Operating | 0.0 | 0.0 | -99.2 | — | |
| + Other Inflows / (Outflows) — Operating | 0.0 | 0.0 | -38.8 | — | |
| + Income Taxes Paid | 2.2 | -13.7 | 16.8 | — | |
| Cash from Operating Activities | 236.7 | 540.5 | 938.8 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 52.2 | 47.7 | 14.0 | — | |
| + Acq of Subsidiaries / Businesses (net) | 2,761.3 | 0.0 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 3,099.7 | 0.0 | 0.0 | — | |
| + Investment in Partnership Firms / LLPs | 0.0 | 435.7 | 0.0 | — | |
| + Share of Profits — Partnership Firms / LLPs | 0.0 | 0.0 | 25.6 | — | |
| + Loans & Advances Made | -197.4 | 218.9 | 655.1 | — | |
| + Interest Received — Investing | 3.7 | 13.0 | 6.2 | — | |
| + Other Inflows / (Outflows) — Investing | -3.5 | 0.0 | 301.1 | — | |
| Cash from Investing Activities | 483.8 | -689.2 | -336.2 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 1,677.1 | 3.4 | 0.0 | — | |
| + Proceeds from Other Equity Instruments | 0.0 | 0.0 | 3.1 | — | |
| + Payments — Change in Ownership of Subsidiaries | 0.0 | 0.0 | 15.1 | — | |
| + Proceeds from Borrowings | 0.0 | -127.8 | 214.5 | — | |
| + Repayment of Borrowings | 1,325.0 | 0.0 | 703.9 | — | |
| + Interest Paid | 311.3 | 470.2 | 78.9 | — | |
| + Other Inflows / (Outflows) — Financing | -22.8 | 0.0 | 0.0 | — | |
| Cash from Financing Activities | 18.0 | -594.6 | -580.4 | — | |
| Net Changes in Cash (pre-FX) | 738.6 | -743.4 | 22.2 | — | |
| Net Changes in Cash | 738.6 | -743.4 | 22.2 | — | |
| Closing Cash | 780.6 | — | — | — | |
| Reference Items | |||||
| EBITDA | 155.9 | -97.0 | 69.7 | 113.8 | |
| EBITDA Margin % | 43.62 | -8.56 | 4.37 | 13.18 | |
| Free Cash Flow (CFO − Capex) | 184.5 | 492.7 | 924.8 | 924.8 | |
| Free Cash Flow to Equity | — | -105.3 | -304.5 | — | |
| Free Cash Flow per Basic Share | 3.40 | 9.08 | 17.05 | 17.05 | |
| Price to Free Cash Flow | — | — | — | 5.92 | |
| Cash Flow to Net Income | 0.18 | -4.58 | 34.75 | — | |
| Cash Paid for Taxes | 2.2 | -13.7 | 16.8 | — | |
| Cash Paid for Interest | 311.3 | 470.2 | 78.9 | — | |