Esitmated FY24 Net/EBITDA Ratio mentioned in Q4 presentation, ~2.5 times.
With assumed EBITDA of Rs 1100, and 2.6 time Net Debt/EBITDA ratio, Net Debt would be ~ Rs 2,860 Cr on 31 March 2024, as against Rs 3,121 cr as on 31 March 2023 (Q4FY23 presentation slide 35)
So that would provide Decline in net debt of ~ Rs 261 Cr as against anticipated EBITDA of Rs 1,100 Cr.
Hope this explain what query you had. In case further doubt, feel free to mention.
I am enclosing my working in excel in case you need to check formuals.
Calculation with Excel formula for above sheet enclosed for your reference.
Sterlite Tech Working July 2023.xlsx (9.6 KB)
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