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 | 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 | 3,559 | 3,184 | 3,557 | 3,311 | 3,175 | 3,160 | 3,365 | 2,912 | 2,831 | 3,080 | 2,757 | 2,769 | 2,509 | 2,411 | 2,427 | 2,120 | 2,053 | 2,102 | 1,778 | 1,425 | 1,629 | 1,701 | 1,612 | 986 | 1,522 | 1,953 | 1,746 | 1,726 | 1,850 | 1,966 | 2,515 | 2,713 | 2,525 |
| Other income | 92.7 | 99.6 | 76.3 | 84 | 99.8 | 92.3 | 86.6 | 92.9 | 86.8 | 87.1 | 77.6 | 76.8 | 75 | 72.3 | 70 | 46.9 | 25.3 | 59.9 | 24.8 | 25.2 | 25.3 | 14.4 | 20.1 | 26.6 | 45.8 | 38.4 | 16.4 | 20.4 | 19.1 | 16 | 28.5 | 23.6 | 26.9 |
| Total expenses | 3,153 | 2,822 | 3,056 | 2,853 | 2,801 | 2,616 | 2,746 | 2,408 | 2,324 | 2,550 | 2,381 | 2,362 | 2,191 | 2,156 | 2,097 | 1,937 | 1,882 | 1,943 | 1,638 | 1,360 | 1,525 | 1,635 | 1,518 | 991 | 1,538 | 1,842 | 1,649 | 1,633 | 1,731 | 1,780 | 2,379 | 2,576 | 2,395 |
| EBITDA | 447 | 408 | 546 | 500 | 414 | 582 | 657 | 540 | 542 | 565 | 417 | 439 | 349 | 285 | 364 | 211 | 199 | 185 | 169 | 94.8 | 132 | 103 | 121 | 23.4 | 14.5 | 138 | 123 | 124 | 146 | 215 | 194 | 196 | 189 |
| EBITDA margin | 12.6% | 12.8% | 15.4% | 15.1% | 13.0% | 18.4% | 19.5% | 18.6% | 19.2% | 18.3% | 15.1% | 15.8% | 13.9% | 11.8% | 15.0% | 10.0% | 9.7% | 8.8% | 9.5% | 6.6% | 8.1% | 6.0% | 7.5% | 2.4% | 1.0% | 7.1% | 7.1% | 7.2% | 7.9% | 11.0% | 7.7% | 7.2% | 7.5% |
| Finance costs | 1.7 | 3.8 | 5.4 | 5.6 | 4.2 | 4.7 | 5.1 | 3 | 4.5 | 3.8 | 8.2 | 0.9 | 1.4 | 2.2 | 7.2 | 1.6 | 2.8 | 3.9 | 2 | 1.6 | 3.2 | 6.9 | 2.8 | 3.8 | 3.4 | 4.7 | 4.4 | 9.6 | 2.6 | 5.3 | 20.1 | 23.2 | 23.2 |
| Depreciation | 39.2 | 42.4 | 39.6 | 36.6 | 35.5 | 33.8 | 33.7 | 32.8 | 31 | 31.4 | 32.9 | 30.3 | 29.2 | 27.5 | 26.8 | 26.9 | 25.3 | 22.7 | 26.3 | 28.4 | 25.3 | 29.7 | 24.7 | 24.9 | 27.1 | 22.4 | 22.7 | 22 | 23.3 | 23.9 | 37.1 | 35.6 | 35.6 |
| Profit before tax | 499 | 462 | 578 | 542 | 474 | 636 | 705 | 597 | 594 | 617 | 454 | 484 | 393 | 328 | 400 | 275 | 196 | 265 | 165 | 90 | 204 | 80.4 | 114 | 23.4 | 86.6 | 80 | 113 | 113 | 139 | 202 | 165 | 161 | 157 |
| Tax | 129 | 120 | 143 | 133 | 122 | 162 | 173 | 157 | 151 | 157 | 109 | 122 | 97.3 | 82.7 | 94.3 | 72.8 | 48.9 | 71.7 | 45.4 | 21.6 | 53 | 18.2 | 28.5 | 6.7 | 20.6 | 15.3 | 33.9 | 42.9 | 49.7 | 73.6 | 56.9 | 58.6 | 54.6 |
| Net profit | 362 | 1,784 | 433 | 409 | 352 | 475 | 528 | 440 | 443 | 459 | 339 | 363 | 296 | 245 | 305 | 198 | 140 | 188 | 120 | 70.3 | 141 | 57.6 | 80.7 | 16.3 | 64.6 | 38.7 | 135 | 130 | 116 | 198 | 108 | 102 | 102 |
| Net margin | 10.2% | 56.0% | 12.2% | 12.4% | 11.1% | 15.0% | 15.7% | 15.1% | 15.7% | 14.9% | 12.3% | 13.1% | 11.8% | 10.2% | 12.6% | 9.3% | 6.8% | 9.0% | 6.7% | 4.9% | 8.7% | 3.4% | 5.0% | 1.7% | 4.2% | 2.0% | 7.7% | 7.6% | 6.3% | 10.1% | 4.3% | 3.8% | 4.1% |
| EPS (₹) | 17.46 | 16.14 | 20.50 | 19.30 | 16.62 | 22.37 | 25.10 | 20.79 | 20.89 | 21.69 | 16.29 | 17.08 | 13.96 | 11.57 | 14.44 | 9.56 | 6.94 | 9.14 | 5.66 | 3.22 | 7.11 | 2.94 | 4.03 | 0.79 | 3.11 | 3.05 | 3.72 | 3.29 | 4.20 | 6.07 | 5.11 | 4.82 | 4.84 |
| Net profit YoY | +3.0% | +275.8% | −18.1% | −7.1% | −20.7% | +3.3% | +56.0% | +21.4% | +50.0% | +87.5% | +10.9% | +83.7% | +110.7% | – | +62.2% | +64.7% | +99.7% | +227.0% | +48.5% | +331.6% | +118.6% | +48.9% | −40.3% | −87.5% | −44.4% | −80.5% | +24.9% | +27.7% | +13.4% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 13,203 | 12,188 | 10,447 | 8,568 | 6,934 | 5,821 | 7,315 | 6,690 |
| Other income | 352 | 353 | 302 | 179 | 160 | 107 | 94.3 | 84 |
| Total expenses | 11,325 | 10,028 | 9,089 | 7,723 | 6,491 | 5,682 | 6,896 | 6,379 |
| EBITDA | 2,043 | 2,305 | 1,490 | 962 | 557 | 276 | 531 | 458 |
| EBITDA margin | 15.5% | 18.9% | 14.3% | 11.2% | 8.0% | 4.7% | 7.3% | 6.8% |
| Finance costs | 19.9 | 16.5 | 12.7 | 13.1 | 10.7 | 16.9 | 21.4 | 53.9 |
| Depreciation | 146 | 129 | 120 | 105 | 103 | 120 | 90.4 | 92.8 |
| Profit before tax | 2,230 | 2,513 | 1,659 | 1,363 | 724 | 304 | 444 | 395 |
| Tax | 561 | 639 | 411 | 337 | 192 | 73.9 | 142 | 141 |
| Net profit | 1,668 | 1,872 | 1,242 | 1,016 | 520 | 219 | 303 | 511 |
| Net margin | 12.6% | 15.4% | 11.9% | 11.9% | 7.5% | 3.8% | 4.1% | 7.6% |
| EPS (₹) | 78.78 | 88.46 | 58.90 | 48.40 | 25.13 | 10.87 | 14.26 | 12.00 |
| Net profit YoY | −10.9% | +50.7% | +22.2% | +95.5% | +137.1% | −27.7% | −40.6% | – |
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 | 1,220 | 1,332 | 1,351 | 742 | 649 |
| Investing cash flow | 363 | −503 | −3,352 | 1,826 | −2,008 |
| Financing cash flow | −966 | −770 | −269 | −140 | −127 |
| Capital expenditure | 240 | 214 | 183 | 168 | 172 |
| Free cash flow (CFO − capex) | 980 | 1,118 | 1,168 | 574 | 477 |
Net profit trend
annual, ₹ croreFY21
₹219
FY22
₹520+137%
FY23
₹1,016+96%
FY24
₹1,242+22%
FY25
₹1,872+51%
FY26
₹1,668−11%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 31 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 8 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 8 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated · audited | 19 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone · audited | 19 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 4 Mar 2026 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 2 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone | 9 May 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 69.9×50.0×
P/B5Y avg 17.05×16.00×
ROEFY26, on average equity22.4%
Net margin12.6%
Debt / equity0.00×
Revenue CAGR (3Y)15.5%
Profit CAGR (3Y)18.0%
EPS (TTM)₹141.00
Market cap₹1.49L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
16.00×
vs 9-point avg 17.05× (−6%)
10.93× low17.05× avg28.37× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 30 Jun 2026
Total assets₹15,736 Cr+23%
Net worth₹9,339 Cr+30%
Total borrowings₹0 Cr
Cash & bank balances₹1,341 Cr+22%
Investments₹2 Cr+0%
Inventories₹2,548 Cr+10%
Trade receivables₹3,276 Cr+10%
Trade payables₹4,062 Cr+17%
Change vs the same date a year earlier.
Revenue mix FY26
Electrification42.9%result ₹1,169 Cr
Motion34.3%result ₹799 Cr
Process Automation17.5%result ₹382 Cr
Robotics & Discrete Automation5.3%result ₹68.5 Cr
Segment revenue as reported, before inter-segment eliminations.