Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,423 | 1,399 | 1,228 | 1,266 | 1,196 | 1,198 | 1,090 | 1,111 | 995 | 1,033 | 942 | 975 | 977 | 986 | 932 | 925 | 890 | 849 | 764 | 777 | 689 | 769 | 684 | 648 | 320 | 627 | 694 | 702 | 742 | 689 | 736 | 683 | 701 | 679 |
| Other income | 11.6 | 12 | 9.4 | 12.3 | 15 | 13.5 | 16.8 | 18.2 | 18.4 | 27 | 13.9 | 14.7 | 12.8 | 8 | 11.2 | 34 | 11 | 8.7 | 6.1 | 8.3 | 8.1 | 7.6 | 6.5 | 6.1 | 7.1 | 11.5 | 13.5 | 9.8 | 5.6 | 2 | 10 | 14.6 | 9.4 | 7.9 |
| Total expenses | 1,206 | 1,162 | 1,048 | 1,028 | 972 | 987 | 953 | 946 | 817 | 845 | 789 | 811 | 833 | 827 | 792 | 825 | 793 | 715 | 679 | 698 | 659 | 688 | 619 | 558 | 381 | 655 | 617 | 597 | 616 | 602 | 590 | 599 | 557 | 541 |
| EBITDA | 238 | 257 | 231 | 256 | 242 | 227 | 154 | 183 | 194 | 202 | 167 | 178 | 158 | 180 | 154 | 115 | 111 | 149 | 98.8 | 92.7 | 44.4 | 95.6 | 80.9 | 107 | −45.9 | −11.3 | 92.7 | 119 | 141 | 98.1 | 157 | 94.9 | 154 | 150 |
| EBITDA margin | 16.7% | 18.4% | 18.8% | 20.2% | 20.2% | 18.9% | 14.1% | 16.5% | 19.5% | 19.5% | 17.7% | 18.3% | 16.2% | 18.2% | 16.6% | 12.4% | 12.5% | 17.6% | 12.9% | 11.9% | 6.5% | 12.4% | 11.8% | 16.5% | -14.4% | -1.8% | 13.4% | 16.9% | 19.0% | 14.2% | 21.3% | 13.9% | 22.0% | 22.1% |
| Finance costs | 4 | 4 | 35.1 | 2.3 | 2.1 | 1.3 | 2.8 | 4.4 | 2.7 | 0.7 | 0.8 | 0.7 | 1 | 5.6 | 0.6 | 0.4 | 0.5 | 1.9 | 0.5 | 0.7 | 0.6 | 0.3 | 0.9 | 0.4 | 0.8 | 0.9 | 1.1 | 0.8 | 0.8 | 0.6 | 0.1 | 0.1 | 0.2 | 1.3 |
| Depreciation | 16.7 | 16.6 | 15.9 | 15 | 15.2 | 13.7 | 14 | 14 | 13.3 | 12.7 | 12.9 | 12.6 | 13.7 | 14.1 | 13.9 | 14.3 | 13.9 | 12.9 | 13.2 | 12.8 | 14.3 | 13.8 | 15.2 | 16.1 | 14.5 | 15.3 | 14.2 | 13.3 | 14.5 | 10.3 | 10.3 | 10.9 | 10.4 | 10.3 |
| Profit before tax | 302 | 289 | 115 | 251 | 239 | 225 | 154 | 183 | 197 | 215 | 167 | 179 | 157 | 168 | 151 | 134 | 108 | 143 | 91.2 | 87.5 | 37.6 | 89 | 71.3 | 96.3 | −54.2 | −16.1 | 90.8 | 115 | 131 | 89.2 | 156 | 98.6 | 153 | 146 |
| Tax | 69.1 | 73.8 | 177 | 59.5 | 61.7 | 154 | 40.3 | 49.3 | 50.2 | 54 | 42.5 | 45.7 | 39.9 | 44.6 | 38.5 | 34.2 | 27.5 | 37.8 | 23.5 | 22.6 | 9.7 | 23.3 | 18.7 | 25.4 | −14.3 | 9.7 | 23.1 | 22.4 | 46.2 | 31.1 | 55.1 | 34.7 | 53.6 | 53 |
| Net profit | 233 | 215 | −62.1 | 191 | 178 | 71.4 | 114 | 134 | 146 | 161 | 125 | 134 | 117 | 123 | 113 | 99.9 | 80.2 | 106 | 67.7 | 64.9 | 28 | 65.7 | 52.7 | 70.9 | −39.9 | −25.8 | 67.7 | 92.1 | 84.9 | 58.1 | 101 | 63.8 | 99.6 | 93.1 |
| Net margin | 16.4% | 15.4% | -5.1% | 15.1% | 14.9% | 6.0% | 10.4% | 12.0% | 14.7% | 15.6% | 13.2% | 13.7% | 11.9% | 12.5% | 12.1% | 10.8% | 9.0% | 12.4% | 8.9% | 8.4% | 4.1% | 8.5% | 7.7% | 10.9% | -12.5% | -4.1% | 9.8% | 13.1% | 11.4% | 8.4% | 13.8% | 9.3% | 14.2% | 13.7% |
| EPS (₹) | 206.90 | 191.16 | -55.09 | 169.85 | 157.73 | 63.35 | 100.99 | 118.76 | 130.03 | 143.13 | 110.58 | 118.77 | 103.57 | 109.42 | 100.11 | 88.65 | 71.23 | 93.73 | 60.13 | 57.60 | 24.82 | 58.31 | 46.75 | 62.89 | -35.43 | -22.93 | 60.14 | 81.80 | 75.37 | 51.62 | 90.00 | 56.67 | 88.42 | 82.60 |
| Net profit YoY | +31.2% | +201.7% | −154.5% | +43.0% | +21.3% | −55.7% | −8.7% | −0.0% | +25.6% | +30.8% | +10.5% | +34.0% | +45.4% | +16.7% | +66.5% | +53.9% | +187.0% | +60.8% | +28.6% | −8.4% | +170.1% | +354.3% | −22.2% | −23.1% | −147.0% | −144.4% | −33.2% | +44.3% | −14.8% | −37.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,090 | 4,446 | 3,927 | 3,733 | 3,078 | 2,420 | 2,765 | 2,809 | 2,580 |
| Other income | 48.7 | 70.3 | 67.5 | 64.2 | 34.7 | 26.9 | 41.6 | 32.8 | 43.6 |
| Total expenses | 4,210 | 3,742 | 3,276 | 3,237 | 2,753 | 2,245 | 2,486 | 2,344 | 2,144 |
| EBITDA | 986 | 770 | 706 | 560 | 382 | 238 | 340 | 508 | 480 |
| EBITDA margin | 19.4% | 17.3% | 18.0% | 15.0% | 12.4% | 9.8% | 12.3% | 18.1% | 18.6% |
| Finance costs | 43.5 | 11.2 | 3.2 | 7.1 | 3.6 | 2.4 | 3.6 | 1.1 | 1.9 |
| Depreciation | 62.6 | 55.3 | 51.8 | 56.1 | 53.3 | 59.7 | 57.4 | 41.9 | 41.8 |
| Profit before tax | 894 | 773 | 718 | 561 | 360 | 202 | 320 | 497 | 480 |
| Tax | 372 | 297 | 182 | 145 | 93.5 | 53.1 | 101 | 174 | 169 |
| Net profit | 522 | 476 | 536 | 416 | 266 | 149 | 219 | 323 | 311 |
| Net margin | 10.3% | 10.7% | 13.7% | 11.1% | 8.6% | 6.2% | 7.9% | 11.5% | 12.0% |
| EPS (₹) | 463.66 | 422.60 | 476.05 | 369.41 | 236.28 | 132.53 | 194.38 | 286.72 | 275.66 |
| Net profit YoY | +9.7% | −11.2% | +28.9% | +56.3% | +78.3% | −31.8% | −32.2% | +4.0% | – |
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 | 514 | 355 | 583 | 425 | 334 |
| Investing cash flow | −11.5 | 322 | −229 | −19.7 | −43.2 |
| Financing cash flow | −623 | −789 | −128 | −980 | −21.1 |
| Capital expenditure | 58.3 | 55.4 | 0 | 60.1 | 70 |
| Free cash flow (CFO − capex) | 455 | 300 | 583 | 365 | 264 |
Net profit trend
annual, ₹ croreFY21
₹149
FY22
₹266+78%
FY23
₹416+56%
FY24
₹536+29%
FY25
₹476−11%
FY26
₹522+10%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 22 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 4 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 20 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 28 May 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 7 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 13 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Consolidated | 6 Aug 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 65.3×66.2×
P/B5Y avg 17.00×21.62×
ROEFY26, on average equity28.9%
Net margin10.3%
Debt / equity0.10×
Revenue CAGR (3Y)10.9%
Profit CAGR (3Y)7.9%
EPS (TTM)₹512.59
Market cap₹38,233 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
21.62×
vs 8-point avg 17.00× (+27%)
10.39× low17.00× avg22.89× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,137 Cr+4%
Net worth₹1,768 Cr−4%
Total borrowings₹170 Cr
Cash & bank balances₹812 Cr−13%
Investments₹0 Cr
Inventories₹823 Cr+27%
Trade receivables₹839 Cr+6%
Trade payables₹820 Cr+9%
Change vs the same date a year earlier.
Revenue mix FY26
Transportation & Electronics36.3%result ₹348 Cr
Safety & Industrial32.2%result ₹258 Cr
Health Care20.0%result ₹210 Cr
Consumer10.6%result ₹94.1 Cr
Others1.0%result ₹13.8 Cr
Segment revenue as reported, before inter-segment eliminations.