| Tap a line for its trend | Last 12Mto Sep 2026 | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
Adjustments to reconcile profit — non-cash items | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |||||
|---|---|---|---|---|---|---|
| — | 9,807 | 11,139 | 10,744 | 10,597 | ||
| — | 1,820 | −2,090 | −185 | −771 | ||
| — | 8,199 | 9,772 | 9,330 | 6,129 | ||
| — | −2,408 | −2,388 | −1,727 | −2,283 | ||
| — | −33.0 | 0.0 | 0.0 | 0.0 | ||
| — | −216 | −262 | −128 | −74.0 | ||
| — | 53.0 | 58.0 | 70.0 | 77.0 | ||
| — | −76.0 | 57.0 | 263 | 492 | ||
| — | 2,271 | −195 | −2,204 | 380 | ||
| — | 18,300 | 0.0 | 0.0 | 0.0 | ||
Changes in working capital | ||||||
| — | −1,027 | −1,714 | 1,670 | −728 | ||
| — | −3,867 | 5,553 | 180 | 1,662 | ||
| — | −2,965 | −4,504 | −298 | 3,665 | ||
| — | 649 | 343 | 261 | 0.0 | ||
Cash from operating activities | ||||||
| 26,233 | 17,127 | 26,876 | 20,363 | 20,276 | ||
| — | 30,508 | 15,769 | 17,976 | 19,146 | ||
| — | 47,635 | 42,645 | 38,339 | 39,422 | ||
| — | 8,136 | 3,083 | 2,685 | 6,357 | ||
| — | 39,499 | 39,562 | 35,654 | 33,065 | ||
Cash from investing activities | ||||||
| — | 20,876 | 17,005 | 16,752 | 13,787 | ||
| — | 124 | 291 | 195 | 133 | ||
| — | 0.0 | 0.0 | 8.0 | 0.0 | ||
| — | 0.0 | 0.0 | 84.0 | 0.0 | ||
| — | 1,856 | 2.0 | 267 | 2,408 | ||
| — | 33.0 | 35.0 | 40.0 | 18.0 | ||
| — | 2,115 | 2,390 | 1,678 | 1,674 | ||
| — | −7,590 | −4,903 | 794 | 8,861 | ||
| — | −24,338 | −19,190 | −13,686 | −693 | ||
Cash from financing activities | ||||||
| — | 0.0 | 8,434 | 0.0 | 0.0 | ||
| — | 0.0 | 0.0 | 0.0 | 17.0 | ||
| — | 36,080 | 39,677 | 36,248 | 42,470 | ||
| — | 31,134 | 38,309 | 31,433 | 29,734 | ||
| — | 544 | 468 | 382 | 182 | ||
| — | 9,124 | 10,458 | 9,825 | 5,530 | ||
| — | 14,825 | 21,191 | 20,500 | 41,149 | ||
| — | 5,998 | 3,092 | −200 | 0.0 | ||
| — | −13,549 | −19,223 | −26,092 | −34,142 | ||
| — | 1,612 | 1,149 | −4,124 | −1,770 | ||
| — | 204 | 32.0 | 10.0 | 25.0 | ||
| — | 1,816 | 1,181 | −4,114 | −1,745 | ||
| — | — | — | 2,812 | 6,926 | ||
Reference items | ||||||
| 32,841 | 23,184 | 42,343 | 35,198 | 34,422 | ||
| 33.3% | 29.6% | 27.7% | 24.5% | 23.4% | ||
| 18,623 | 18,623 | 22,557 | 18,902 | 19,278 | ||
| — | −37,359 | 14,194 | 14,653 | — | ||
| ₹47.63 | ₹47.63 | ₹57.69 | ₹48.34 | ₹49.30 | ||
| 4.92× | — | — | — | — | ||
| — | 1.57× | 1.93× | 4.73× | 2.28× | ||
| — | 8,136 | 3,083 | 2,685 | 6,357 | ||
| — | 9,124 | 10,458 | 9,825 | 5,530 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Last 12M 30/09/2026 | |
|---|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | ||||||
| + Depreciation & Amortisation | 10,597.0 | 10,744.0 | 11,139.0 | 9,807.0 | — | |
| + Impairment Loss / (Reversal) | -771.0 | -185.0 | -2,090.0 | 1,820.0 | — | |
| + Finance Costs | 6,129.0 | 9,330.0 | 9,772.0 | 8,199.0 | — | |
| + Interest Income | -2,283.0 | -1,727.0 | -2,388.0 | -2,408.0 | — | |
| + Dividend Income | 0.0 | 0.0 | 0.0 | -33.0 | — | |
| + Fair Value (Gains) / Losses | -74.0 | -128.0 | -262.0 | -216.0 | — | |
| + Share-based Payments | 77.0 | 70.0 | 58.0 | 53.0 | — | |
| + Unrealised FX (Gain) / Loss | 492.0 | 263.0 | 57.0 | -76.0 | — | |
| + Other Non-cash Items | 380.0 | -2,204.0 | -195.0 | 2,271.0 | — | |
| + Other Reconciling Items | 0.0 | 0.0 | 0.0 | 18,300.0 | — | |
| Changes in Working Capital | ||||||
| + Inventories | -728.0 | 1,670.0 | -1,714.0 | -1,027.0 | — | |
| + Trade Receivables — Current | 1,662.0 | 180.0 | 5,553.0 | -3,867.0 | — | |
| + Trade Payables — Current | 3,665.0 | -298.0 | -4,504.0 | -2,965.0 | — | |
| + Provisions — Current | 0.0 | 261.0 | 343.0 | 649.0 | — | |
| Cash from Operating Activities | ||||||
| Profit Before Tax (per I/S) | 20,276.0 | 20,363.0 | 26,876.0 | 17,127.0 | 26,233.0 | |
| + Total Adjustments (incl. Working Capital) | 19,146.0 | 17,976.0 | 15,769.0 | 30,508.0 | — | |
| Cash from Operations (pre-tax) | 39,422.0 | 38,339.0 | 42,645.0 | 47,635.0 | — | |
| + Income Taxes Paid | 6,357.0 | 2,685.0 | 3,083.0 | 8,136.0 | — | |
| Cash from Operating Activities | 33,065.0 | 35,654.0 | 39,562.0 | 39,499.0 | — | |
| Cash from Investing Activities | ||||||
| + Acq of Fixed Assets (Capex) | 13,787.0 | 16,752.0 | 17,005.0 | 20,876.0 | — | |
| + Disp of Fixed Assets | 133.0 | 195.0 | 291.0 | 124.0 | — | |
| + Disp of Other Long-term Assets | 0.0 | 8.0 | 0.0 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 0.0 | 84.0 | 0.0 | 0.0 | — | |
| + Loans & Advances Repaid | 2,408.0 | 267.0 | 2.0 | 1,856.0 | — | |
| + Dividends Received — Investing | 18.0 | 40.0 | 35.0 | 33.0 | — | |
| + Interest Received — Investing | 1,674.0 | 1,678.0 | 2,390.0 | 2,115.0 | — | |
| + Other Inflows / (Outflows) — Investing | 8,861.0 | 794.0 | -4,903.0 | -7,590.0 | — | |
| Cash from Investing Activities | -693.0 | -13,686.0 | -19,190.0 | -24,338.0 | — | |
| Cash from Financing Activities | ||||||
| + Proceeds from Issue of Shares | 0.0 | 0.0 | 8,434.0 | 0.0 | — | |
| + Payments — Change in Ownership of Subsidiaries | 17.0 | 0.0 | 0.0 | 0.0 | — | |
| + Proceeds from Borrowings | 42,470.0 | 36,248.0 | 39,677.0 | 36,080.0 | — | |
| + Repayment of Borrowings | 29,734.0 | 31,433.0 | 38,309.0 | 31,134.0 | — | |
| + Payment of Lease Liabilities | 182.0 | 382.0 | 468.0 | 544.0 | — | |
| + Interest Paid | 5,530.0 | 9,825.0 | 10,458.0 | 9,124.0 | — | |
| + Dividends Paid | 41,149.0 | 20,500.0 | 21,191.0 | 14,825.0 | — | |
| + Other Inflows / (Outflows) — Financing | 0.0 | -200.0 | 3,092.0 | 5,998.0 | — | |
| Cash from Financing Activities | -34,142.0 | -26,092.0 | -19,223.0 | -13,549.0 | — | |
| Net Changes in Cash (pre-FX) | -1,770.0 | -4,124.0 | 1,149.0 | 1,612.0 | — | |
| + Effect of FX Rate Changes on Cash | 25.0 | 10.0 | 32.0 | 204.0 | — | |
| Net Changes in Cash | -1,745.0 | -4,114.0 | 1,181.0 | 1,816.0 | — | |
| Closing Cash | 6,926.0 | 2,812.0 | — | — | — | |
| Reference Items | ||||||
| EBITDA | 34,422.0 | 35,198.0 | 42,343.0 | 23,184.0 | 32,841.0 | |
| EBITDA Margin % | 23.37 | 24.49 | 27.68 | 29.56 | 33.33 | |
| Free Cash Flow (CFO − Capex) | 19,278.0 | 18,902.0 | 22,557.0 | 18,623.0 | 18,623.0 | |
| Free Cash Flow to Equity | — | 14,653.0 | 14,194.0 | -37,359.0 | — | |
| Free Cash Flow per Basic Share | 49.30 | 48.34 | 57.69 | 47.63 | 47.63 | |
| Price to Free Cash Flow | — | — | — | — | 4.92 | |
| Cash Flow to Net Income | 2.28 | 4.73 | 1.93 | 1.57 | — | |
| Cash Paid for Taxes | 6,357.0 | 2,685.0 | 3,083.0 | 8,136.0 | — | |
| Cash Paid for Interest | 5,530.0 | 9,825.0 | 10,458.0 | 9,124.0 | — | |