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 | 10,744.0 | 11,139.0 | 9,807.0 | — | |
| + Impairment Loss / (Reversal) | -185.0 | -2,090.0 | 1,820.0 | — | |
| + Finance Costs | 9,330.0 | 9,772.0 | 8,199.0 | — | |
| + Interest Income | -1,727.0 | -2,388.0 | -2,408.0 | — | |
| + Dividend Income | 0.0 | 0.0 | -33.0 | — | |
| + Fair Value (Gains) / Losses | -128.0 | -262.0 | -216.0 | — | |
| + Share-based Payments | 70.0 | 58.0 | 53.0 | — | |
| + Unrealised FX (Gain) / Loss | 263.0 | 57.0 | -76.0 | — | |
| + Other Non-cash Items | -2,204.0 | -195.0 | 2,271.0 | — | |
| + Other Reconciling Items | 0.0 | 0.0 | 18,300.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 1,670.0 | -1,714.0 | -1,027.0 | — | |
| + Trade Receivables — Current | 180.0 | 5,553.0 | -3,867.0 | — | |
| + Trade Payables — Current | -298.0 | -4,504.0 | -2,965.0 | — | |
| + Provisions — Current | 261.0 | 343.0 | 649.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | 20,363.0 | 26,876.0 | 17,127.0 | 22,791.0 | |
| + Total Adjustments (incl. Working Capital) | 17,976.0 | 15,769.0 | 30,508.0 | — | |
| Cash from Operations (pre-tax) | 38,339.0 | 42,645.0 | 47,635.0 | — | |
| + Income Taxes Paid | 2,685.0 | 3,083.0 | 8,136.0 | — | |
| Cash from Operating Activities | 35,654.0 | 39,562.0 | 39,499.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 16,752.0 | 17,005.0 | 20,876.0 | — | |
| + Disp of Fixed Assets | 195.0 | 291.0 | 124.0 | — | |
| + Disp of Other Long-term Assets | 8.0 | 0.0 | 0.0 | — | |
| + Disp of Subsidiaries / Businesses (net) | 84.0 | 0.0 | 0.0 | — | |
| + Loans & Advances Repaid | 267.0 | 2.0 | 1,856.0 | — | |
| + Dividends Received — Investing | 40.0 | 35.0 | 33.0 | — | |
| + Interest Received — Investing | 1,678.0 | 2,390.0 | 2,115.0 | — | |
| + Other Inflows / (Outflows) — Investing | 794.0 | -4,903.0 | -7,590.0 | — | |
| Cash from Investing Activities | -13,686.0 | -19,190.0 | -24,338.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 8,434.0 | 0.0 | — | |
| + Proceeds from Borrowings | 36,248.0 | 39,677.0 | 36,080.0 | — | |
| + Repayment of Borrowings | 31,433.0 | 38,309.0 | 31,134.0 | — | |
| + Payment of Lease Liabilities | 382.0 | 468.0 | 544.0 | — | |
| + Interest Paid | 9,825.0 | 10,458.0 | 9,124.0 | — | |
| + Dividends Paid | 20,500.0 | 21,191.0 | 14,825.0 | — | |
| + Other Inflows / (Outflows) — Financing | -200.0 | 3,092.0 | 5,998.0 | — | |
| Cash from Financing Activities | -26,092.0 | -19,223.0 | -13,549.0 | — | |
| Net Changes in Cash (pre-FX) | -4,124.0 | 1,149.0 | 1,612.0 | — | |
| + Effect of FX Rate Changes on Cash | 10.0 | 32.0 | 204.0 | — | |
| Net Changes in Cash | -4,114.0 | 1,181.0 | 1,816.0 | — | |
| Closing Cash | 2,812.0 | — | — | — | |
| Reference Items | |||||
| EBITDA | 35,198.0 | 42,343.0 | 23,184.0 | 34,323.0 | |
| EBITDA Margin % | 24.49 | 27.68 | 29.56 | 30.63 | |
| Free Cash Flow (CFO − Capex) | 18,902.0 | 22,557.0 | 18,623.0 | 18,623.0 | |
| Free Cash Flow to Equity | — | 14,194.0 | -37,359.0 | — | |
| Free Cash Flow per Basic Share | 48.34 | 57.69 | 47.63 | 47.63 | |
| Price to Free Cash Flow | — | — | — | 5.67 | |
| Cash Flow to Net Income | 4.73 | 1.93 | 1.57 | — | |
| Cash Paid for Taxes | 2,685.0 | 3,083.0 | 8,136.0 | — | |
| Cash Paid for Interest | 9,825.0 | 10,458.0 | 9,124.0 | — | |