In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | Last 12M 30/06/2025 | |
|---|---|---|---|---|---|
| Adjustments to Reconcile Profit — Non-cash Items | |||||
| + Depreciation & Amortisation | 12.4 | 13.0 | 13.3 | — | |
| + Finance Costs | 21.4 | 29.2 | 37.0 | — | |
| + Interest Income | -0.4 | -0.4 | 0.0 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -0.0 | -0.1 | — | |
| + Share-based Payments | 0.9 | -0.5 | 1.1 | — | |
| + Unrealised FX (Gain) / Loss | 0.1 | -0.3 | -0.2 | — | |
| + Other Non-cash Items | 0.0 | -25.6 | 0.0 | — | |
| + Other — Cash Effects are Investing / Financing | 0.0 | -0.2 | -2.0 | — | |
| + Other Reconciling Items | 2.8 | 1.1 | 0.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 27.7 | -14.0 | -1.7 | — | |
| + Trade Receivables — Current | -5.3 | -20.3 | -25.4 | — | |
| + Other Financial Assets — Current | 0.3 | 0.0 | -1.1 | — | |
| + Other Financial Assets — Non-current | -0.3 | -0.2 | -0.1 | — | |
| + Other Current Assets | 4.9 | -1.6 | 0.5 | — | |
| + Other Non-current Assets | 0.0 | -0.3 | -1.0 | — | |
| + Trade Payables — Current | -26.6 | 5.0 | -22.1 | — | |
| + Other Financial Liabilities — Current | -3.7 | -32.1 | 0.1 | — | |
| + Other Financial Liabilities — Non-current | 0.0 | 0.0 | -1.6 | — | |
| + Other Current Liabilities | -5.4 | -6.0 | -0.6 | — | |
| + Provisions — Current | -0.3 | 0.4 | 0.5 | — | |
| + Provisions — Non-current | 1.9 | 0.6 | 1.4 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -10.3 | 56.3 | 29.6 | 42.1 | |
| + Total Adjustments (incl. Working Capital) | 30.3 | -52.2 | -2.0 | — | |
| Cash from Operations (pre-tax) | 20.0 | 4.2 | 27.6 | — | |
| + Interest Paid — Operating | 0.0 | 0.0 | 0.7 | — | |
| + Other Inflows / (Outflows) — Operating | 0.0 | 0.0 | -0.4 | — | |
| + Income Taxes Paid | 0.2 | 0.2 | 0.4 | — | |
| Cash from Operating Activities | 19.8 | 4.0 | 26.1 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 0.0 | 17.4 | 49.0 | — | |
| + Disp of Fixed Assets | 0.1 | 3.6 | 0.4 | — | |
| + Disp of Intangible Assets | 3.1 | 0.0 | 0.0 | — | |
| + Disp of Investment Property | 0.0 | 0.0 | 0.2 | — | |
| + Interest Received — Investing | 0.3 | 0.2 | 0.6 | — | |
| + Other Inflows / (Outflows) — Investing | -12.3 | -3.0 | -3.4 | — | |
| Cash from Investing Activities | -8.8 | -16.6 | -51.2 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 0.0 | 0.0 | 0.0 | — | |
| + Proceeds from Other Equity Instruments | 0.0 | 6.0 | 0.0 | — | |
| + Proceeds from Debentures / Notes / Bonds | 0.0 | 95.0 | 0.0 | — | |
| + Proceeds from Borrowings | 0.0 | 0.0 | 63.8 | — | |
| + Repayment of Borrowings | 12.5 | 0.0 | 0.0 | — | |
| + Payment of Lease Liabilities | 3.0 | 3.1 | 3.4 | — | |
| + Payment of Finance Lease Liabilities | 0.0 | 48.6 | — | — | |
| + Interest Paid | 16.5 | 34.7 | 34.7 | — | |
| Cash from Financing Activities | -32.0 | 14.6 | 25.7 | — | |
| Net Changes in Cash (pre-FX) | -21.0 | 1.9 | 0.7 | — | |
| Net Changes in Cash | -21.0 | 1.9 | 0.7 | — | |
| Closing Cash | 1.5 | 3.4 | — | — | |
| Reference Items | |||||
| EBITDA | 23.2 | 70.0 | 76.3 | 88.0 | |
| EBITDA Margin % | 4.64 | 12.16 | 12.73 | 13.98 | |
| Free Cash Flow (CFO − Capex) | 19.8 | -13.4 | -22.9 | -22.9 | |
| Free Cash Flow to Equity | — | -2.3 | 5.6 | — | |
| Free Cash Flow per Basic Share | 6.04 | -4.10 | -7.00 | -7.00 | |
| Cash Flow to Net Income | -1.90 | 0.07 | 0.85 | — | |
| Cash Paid for Taxes | 0.2 | 0.2 | 0.4 | — | |
| Cash Paid for Interest | 16.5 | 34.7 | 34.7 | — | |