Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | -53.3% | 21.8% | 25.6% |
| EBIT margin % | -61.9% | 13.9% | 17.5% |
| PAT margin % | -65.3% | -2% | 24.6% |
| Working capital | |||
| Receivable days | 26 | 23 | 15 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 12 | 19 | 29 |
| NWC days | 14 | 4 | -13 |
| Leverage | |||
| Current ratio | 1.51 | 5.45 | 3.33 |
| Debt to EBITDA | — | 0.32 | 0.16 |
| Debt to equity | 0.56 | 0.02 | 0.02 |
| Interest coverage | -58.6 | 23.3 | 32.3 |
| Asset turnover | 0.45 | 0.3 | 0.38 |
| Return ratios | |||
| Return on assets % | -29.6% | -0.6% | 9.2% |
| Return on capital employed % | -49.5% | 11.9% | 12.9% |
| Return on equity % | -62.3% | -0.7% | 11.3% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.