Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | -35.9% | -34.3% | -0.4% |
| EBIT margin % | -37.8% | -35.4% | -2.1% |
| PAT margin % | -29.6% | -28.9% | -41.4% |
| Working capital | |||
| Receivable days | 13 | 16 | 9 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 27 | 42 | 24 |
| NWC days | -14 | -26 | -15 |
| Leverage | |||
| Current ratio | 3.55 | 2.5 | 4.81 |
| Debt to EBITDA | — | — | — |
| Debt to equity | 0 | 0 | 0 |
| Interest coverage | -78.5 | -140.6 | 21.8 |
| Asset turnover | 0.59 | 0.6 | 0.34 |
| Return ratios | |||
| Return on assets % | -17.5% | -17.2% | -14.2% |
| Return on capital employed % | -19.1% | -23.2% | 2.7% |
| Return on equity % | -21% | -21.2% | -16.4% |
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.