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 | 223.0 | 217.0 | 227.0 | — | |
| + Impairment Loss / (Reversal) | 79.0 | 0.0 | 0.0 | — | |
| + Finance Costs | 305.0 | 254.0 | 213.0 | — | |
| + Interest Income | -6.0 | -16.0 | -5.0 | — | |
| + Fair Value (Gains) / Losses | 0.0 | -7.0 | -13.0 | — | |
| + Share-based Payments | 1.0 | 1.0 | 4.0 | — | |
| + Unrealised FX (Gain) / Loss | -2.0 | 4.0 | 1.0 | — | |
| + Other Non-cash Items | 77.0 | 2.0 | 28.0 | — | |
| Changes in Working Capital | |||||
| + Inventories | 8.0 | -69.0 | -112.0 | — | |
| + Trade Receivables — Current | 142.0 | -66.0 | 21.0 | — | |
| + Other Current Assets | 35.0 | -192.0 | 29.0 | — | |
| + Other Current Liabilities | -193.0 | -165.0 | -220.0 | — | |
| Cash from Operating Activities | |||||
| Profit Before Tax (per I/S) | -420.0 | -16.0 | 238.0 | 463.0 | |
| + Total Adjustments (incl. Working Capital) | 669.0 | -37.0 | 173.0 | — | |
| Cash from Operations (pre-tax) | 249.0 | -53.0 | 411.0 | — | |
| + Income Taxes Paid | 30.0 | -31.0 | 21.0 | — | |
| Cash from Operating Activities | 219.0 | -22.0 | 390.0 | — | |
| Cash from Investing Activities | |||||
| + Acq of Fixed Assets (Capex) | 59.0 | 94.0 | 136.0 | — | |
| + Disp of Fixed Assets | 66.0 | 10.0 | 50.0 | — | |
| + Acq of Intangibles under Development | 0.0 | 271.0 | 228.0 | — | |
| + Disp of Intangibles under Development | -157.0 | 0.0 | 0.0 | — | |
| + Acq of Investment Property | 0.0 | 404.0 | -39.0 | — | |
| + Interest Received — Investing | 3.0 | 16.0 | 5.0 | — | |
| + Other Inflows / (Outflows) — Investing | 10.0 | -40.0 | 29.0 | — | |
| Cash from Investing Activities | -137.0 | -783.0 | -241.0 | — | |
| Cash from Financing Activities | |||||
| + Proceeds from Issue of Shares | 467.0 | 982.0 | 0.0 | — | |
| + Proceeds from Borrowings | 549.0 | 728.0 | 737.0 | — | |
| + Repayment of Borrowings | 406.0 | 1,067.0 | 525.0 | — | |
| + Payment of Lease Liabilities | 79.0 | 70.0 | 71.0 | — | |
| + Other Inflows / (Outflows) — Financing | -197.0 | -164.0 | -195.0 | — | |
| Cash from Financing Activities | 334.0 | 409.0 | -54.0 | — | |
| Net Changes in Cash (pre-FX) | 416.0 | -396.0 | 95.0 | — | |
| + Effect of FX Rate Changes on Cash | -1.0 | 3.0 | 10.0 | — | |
| Net Changes in Cash | 415.0 | -393.0 | 105.0 | — | |
| Closing Cash | 505.0 | — | — | — | |
| Reference Items | |||||
| EBITDA | 39.0 | 393.0 | 652.0 | 772.0 | |
| EBITDA Margin % | 1.39 | 13.05 | 19.33 | 21.66 | |
| Free Cash Flow (CFO − Capex) | 160.0 | -116.0 | 254.0 | 254.0 | |
| Free Cash Flow to Equity | — | -369.0 | 520.0 | — | |
| Free Cash Flow per Basic Share | 9.88 | -7.16 | 15.68 | 15.68 | |
| Price to Free Cash Flow | — | — | — | 141.58 | |
| Cash Flow to Net Income | -0.46 | 0.39 | 1.96 | — | |
| Cash Paid for Taxes | 30.0 | -31.0 | 21.0 | — | |