Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY20
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,226 | 1,115 | 1,181 | 1,115 | 911 | 821 | 760 | 863 | 849 | 792 | 648 | 555 | 559 | 480 | 518 | 505 | 447 | 536 | 486 | 383 | 420 | 455 | 387 | 349 | 432 | 492 |
| Other income | 47 | 54.2 | 38.5 | −7.4 | 68.6 | 101 | 175 | 27.7 | 86.2 | 259 | 24.4 | 62.5 | 7.9 | 49.9 | 12.6 | 18.5 | 132 | 34.4 | 17.3 | 43.8 | 15.9 | 10.9 | 9 | 11.6 | 1.4 | 8.7 |
| Total expenses | 850 | 807 | 793 | 694 | 606 | 597 | 576 | 571 | 503 | 728 | 437 | 390 | 343 | 330 | 308 | 298 | 365 | 373 | 315 | 275 | 301 | 338 | 284 | 252 | 419 | 401 |
| EBITDA | 773 | 663 | 725 | 714 | 566 | 461 | 424 | 539 | 577 | 287 | 392 | 318 | 339 | 271 | 329 | 317 | 189 | 269 | 269 | 210 | 224 | 232 | 223 | 214 | 167 | 310 |
| EBITDA margin | 63.0% | 59.5% | 61.4% | 64.0% | 62.1% | 56.2% | 55.8% | 62.4% | 67.9% | 36.2% | 60.6% | 57.3% | 60.7% | 56.4% | 63.4% | 62.7% | 42.3% | 50.2% | 55.4% | 54.8% | 53.3% | 51.1% | 57.6% | 61.4% | 38.7% | 63.1% |
| Finance costs | 354 | 312 | 296 | 254 | 229 | 218 | 222 | 230 | 214 | 207 | 168 | 140 | 111 | 108 | 106 | 98.4 | 96.1 | 95.1 | 87.4 | 92.3 | 94.2 | 104 | 109 | 106 | 144 | 209 |
| Depreciation | 42.1 | 43 | 40.9 | 39.2 | 32.1 | 19.7 | 17.2 | 17.2 | 16.5 | 16.6 | 13.9 | 13.7 | 12.6 | 12.5 | 11.7 | 11.6 | 10.4 | 10.5 | 10.5 | 10.3 | 10.8 | 10.9 | 10.9 | 10.4 | 10.1 | 10.4 |
| Profit before tax | 424 | 363 | 427 | 413 | 374 | 324 | 359 | 319 | 345 | 323 | 235 | 227 | 224 | 200 | 223 | 226 | 214 | 198 | 188 | 151 | 135 | 128 | 113 | 109 | 14.2 | 100 |
| Tax | 93 | 73.9 | 99.8 | 97.9 | 89.1 | 74.7 | 82.3 | 73.6 | 101 | 80.3 | 42.9 | 40.8 | 40.3 | 44.7 | 51.7 | 51.2 | 48.7 | 44.9 | 45.8 | 34.1 | 31.5 | 31.4 | 25.7 | 27.1 | 17.1 | 25.8 |
| Net profit | 331 | 289 | 327 | 315 | 285 | 250 | 276 | 245 | 244 | 243 | 192 | 186 | 184 | 155 | 172 | 174 | 165 | 153 | 142 | 117 | 103 | 96.5 | 87.1 | 82.3 | −3 | 74.2 |
| Net margin | 27.0% | 25.9% | 27.7% | 28.3% | 31.2% | 30.4% | 36.4% | 28.5% | 28.7% | 30.6% | 29.7% | 33.5% | 32.8% | 32.4% | 33.1% | 34.5% | 37.0% | 28.5% | 29.3% | 30.5% | 24.6% | 21.2% | 22.5% | 23.5% | -0.7% | 15.1% |
| EPS (₹) | 8.13 | 7.12 | 8.08 | 7.80 | 7.16 | 6.38 | 7.26 | 6.75 | 6.76 | 6.76 | 5.36 | 5.21 | 5.15 | 4.37 | 19.30 | 19.63 | 18.66 | 17.28 | 16.15 | 13.29 | 11.77 | 11.03 | 9.99 | 9.44 | -0.34 | 8.54 |
| Net profit YoY | +16.1% | +15.7% | +18.4% | +28.5% | +16.8% | +2.9% | +43.9% | +32.0% | +32.8% | +56.1% | +12.0% | +6.6% | – | −6.1% | +12.2% | +22.4% | +60.2% | +58.5% | +63.5% | +42.0% | +3588.5% | +30.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,362 | 3,295 | 2,507 | 1,975 | 1,851 | 1,612 | 1,503 |
| Other income | 116 | 389 | 418 | 89.1 | 227 | 47.4 | 24.4 |
| Total expenses | 2,900 | 2,250 | 1,916 | 1,213 | 1,327 | 1,174 | 1,241 |
| EBITDA | 2,707 | 2,003 | 1,291 | 1,208 | 936 | 894 | 805 |
| EBITDA margin | 62.1% | 60.8% | 51.5% | 61.2% | 50.6% | 55.5% | 53.5% |
| Finance costs | 1,090 | 887 | 643 | 400 | 370 | 414 | 502 |
| Depreciation | 155 | 70.5 | 56.6 | 46.3 | 41.7 | 43 | 41 |
| Profit before tax | 1,577 | 1,347 | 1,009 | 850 | 751 | 485 | 286 |
| Tax | 361 | 332 | 204 | 192 | 174 | 116 | 85.3 |
| Net profit | 1,216 | 1,015 | 804 | 658 | 578 | 369 | 201 |
| Net margin | 27.9% | 30.8% | 32.1% | 33.3% | 31.2% | 22.9% | 13.4% |
| EPS (₹) | 30.16 | 27.14 | 22.48 | 18.51 | 65.41 | 42.24 | 23.37 |
| Net profit YoY | +19.8% | +26.2% | +22.2% | +13.9% | +56.5% | +83.5% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | −2,921 | −2,411 | −470 | −1,345 | 929 |
| Investing cash flow | −1,613 | −1,068 | −1,575 | 786 | −1,128 |
| Financing cash flow | 4,357 | 3,773 | 1,978 | 580 | 251 |
| Capital expenditure | 97.7 | 55.2 | 102 | 70.6 | 16.4 |
| Free cash flow (CFO − capex) | −3,019 | −2,466 | −572 | −1,416 | 912 |
Net profit trend
annual, ₹ croreFY21
₹369
FY22
₹578+56%
FY23
₹658+14%
FY24
₹804+22%
FY25
₹1,015+26%
FY26
₹1,216+20%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 16 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 16 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 21 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 21 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 15 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 31.9×34.5×
P/B5Y avg 6.32×4.43×
ROEFY26, on average equity14.4%
Net margin27.9%
Debt / equity0.24×
Revenue CAGR (3Y)30.2%
Profit CAGR (3Y)22.7%
EPS (TTM)₹31.08
Market cap₹43,575 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.43×
vs 9-point avg 6.32× (−30%)
3.92× low6.32× avg10.80× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹27,201 Cr+38%
Net worth₹9,836 Cr+39%
Total borrowings₹2,358 Cr−23%
Cash & bank balances₹569 Cr−23%
Investments₹8,842 Cr+16%
Inventories₹0 Cr
Trade receivables₹504 Cr+14%
Change vs the same date a year earlier.
Revenue mix FY26
Wealth Management77.3%result ₹1,039 Cr
Asset Management22.7%result ₹536 Cr
Segment revenue as reported, before inter-segment eliminations.