In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | |
|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | ||||
| + Depreciation & Amortisation | 3.6 | 6.7 | 5.9 | |
| + Impairment Loss / (Reversal) | 0.0 | 0.0 | 5.0 | |
| + Finance Costs | 2.9 | -0.2 | 6.5 | |
| + Interest Income | -0.5 | 0.0 | 0.0 | |
| + Fair Value (Gains) / Losses | -16.4 | 0.0 | -25.2 | |
| + Share-based Payments | 0.0 | 0.0 | 6.9 | |
| + Unrealised FX (Gain) / Loss | -0.3 | 16.6 | 0.1 | |
| + Other Non-cash Items | 6.9 | 0.4 | 0.2 | |
| + Other — Cash Effects are Investing / Financing | 0.0 | -324.3 | 2.6 | |
| + Other Reconciling Items | -9.7 | 45.0 | -0.5 | |
| Changes in Working Capital | ||||
| + Inventories | 3.3 | 4.4 | 0.0 | |
| + Trade Receivables — Current | 26.9 | 0.2 | -13.5 | |
| + Trade Receivables — Non-current | 0.0 | -0.2 | 0.0 | |
| + Other Financial Assets — Current | -20.7 | 23.7 | 0.0 | |
| + Other Financial Assets — Non-current | 0.0 | -0.0 | 339.6 | |
| + Other Current Assets | 0.0 | -10.2 | 0.0 | |
| + Other Non-current Assets | 0.0 | 4.1 | 0.4 | |
| + Other Bank Balances | 0.0 | 0.0 | 0.0 | |
| + Trade Payables — Current | -44.0 | 0.0 | -0.8 | |
| + Trade Payables — Non-current | 0.0 | -0.5 | 0.0 | |
| + Other Financial Liabilities — Current | -4.1 | 0.0 | 20.7 | |
| + Other Financial Liabilities — Non-current | 0.0 | 4.4 | 0.0 | |
| + Other Current Liabilities | -4.9 | -0.8 | 24.5 | |
| + Other Non-current Liabilities | 0.0 | -5.1 | 0.0 | |
| + Provisions — Current | 0.0 | -0.0 | 0.0 | |
| + Provisions — Non-current | 0.0 | -3.4 | 0.0 | |
| Cash from Operating Activities | ||||
| Profit Before Tax (per I/S) | 17.1 | -12.9 | 75.0 | |
| + Total Adjustments (incl. Working Capital) | -57.0 | -209.6 | 372.0 | |
| Cash from Operations (pre-tax) | -39.9 | -222.5 | 447.0 | |
| + Interest Paid — Operating | 1.8 | 0.0 | 133.2 | |
| + Income Taxes Paid | 0.0 | -0.3 | 4.1 | |
| Cash from Operating Activities | -41.7 | -222.2 | 309.6 | |
| Cash from Investing Activities | ||||
| + Acq of Fixed Assets (Capex) | 16.0 | 0.0 | 1.6 | |
| + Disp of Fixed Assets | 6.5 | -12.7 | 8.9 | |
| + Disp of Intangible Assets | 0.0 | 115.2 | 0.0 | |
| + Disp of Intangibles under Development | 0.0 | 0.0 | 0.0 | |
| + Disp of Investment Property | 0.0 | -6.3 | 0.0 | |
| + Disp of Other Long-term Assets | 0.0 | 0.5 | 0.0 | |
| + Purchase of Investments (Equity / Debt) | 82.9 | 0.0 | 448.4 | |
| + Share of Profits — Partnership Firms / LLPs | 0.0 | 0.7 | 0.0 | |
| + Loans & Advances Made | -0.3 | 0.0 | 26.2 | |
| + Loans & Advances Repaid | 0.0 | 5.1 | 0.0 | |
| + Receipts on Futures / Forwards / Options / Swaps | 0.0 | 3.4 | 0.0 | |
| + Government Grants Received | 0.0 | 0.2 | 0.0 | |
| + Interest Received — Investing | 0.5 | 0.0 | 133.2 | |
| + Other Inflows / (Outflows) — Investing | 0.9 | 0.0 | 0.1 | |
| Cash from Investing Activities | -90.6 | 106.3 | -333.9 | |
| Cash from Financing Activities | ||||
| + Proceeds from Issue of Shares | 0.0 | 0.2 | 0.1 | |
| + Proceeds from Other Equity Instruments | 111.0 | 62.0 | 0.0 | |
| + Payments — Change in Ownership of Subsidiaries | 0.0 | 0.0 | 0.7 | |
| + Proceeds from Borrowings | 29.5 | 29.1 | 37.9 | |
| + Repayment of Borrowings | 1.0 | -20.8 | 11.1 | |
| + Other Inflows / (Outflows) — Financing | -2.9 | -4.4 | -6.5 | |
| Cash from Financing Activities | 136.6 | 107.8 | 19.6 | |
| Net Changes in Cash (pre-FX) | 4.2 | -8.1 | -4.7 | |
| Net Changes in Cash | 4.2 | -8.1 | -4.7 | |
| Closing Cash | 13.8 | — | — | |
| Reference Items | ||||
| EBITDA | 4.3 | -21.6 | -48.3 | |
| EBITDA Margin % | 0.97 | -4.50 | -9.68 | |
| Free Cash Flow (CFO − Capex) | -57.7 | -222.2 | 308.1 | |
| Free Cash Flow to Equity | — | -180.5 | 337.0 | |
| Free Cash Flow per Basic Share | -0.31 | -1.19 | 1.66 | |
| Cash Flow to Net Income | -3.10 | 20.36 | 16.86 | |
| Cash Paid for Taxes | 0.0 | -0.3 | 4.1 | |