Quarterly results
consolidated · 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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 12,180 | 13,459 | 11,952 | 10,595 | 9,503 | 12,214 | 9,381 | 10,322 | 8,832 | 10,940 | 8,800 | 7,721 | 7,045 | 8,025 | 6,894 | 6,825 | 6,617 | 5,706 | 5,593 | 4,299 | 5,587 | 5,026 | 4,589 | 4,035 | 4,845 | 4,326 | 3,780 | 3,590 | 3,025 | 4,203 |
| Other income | 7.5 | 16.5 | 49.4 | 14.4 | 28.1 | 24.9 | 22.2 | 40 | 48.9 | 23.7 | 14.9 | 9.8 | 6.6 | 26.9 | 2,768 | 8.1 | 3.3 | 9 | 11 | 3 | 5.1 | 6 | 7 | 7.9 | 2.8 | 3.3 | 1.9 | 4.8 | 45.1 | 52.7 |
| Total expenses | 10,692 | 12,107 | 10,702 | 9,475 | 8,460 | 11,072 | 8,436 | 9,034 | 7,888 | 9,494 | 7,811 | 6,774 | 6,204 | 7,283 | 6,223 | 6,240 | 6,091 | 5,055 | 5,164 | 3,984 | 5,172 | 4,706 | 4,301 | 3,807 | 4,759 | 4,053 | 3,499 | 3,346 | 2,781 | 3,858 |
| EBITDA | 4,959 | 4,535 | 4,307 | 4,001 | 3,850 | 3,795 | 3,505 | 3,718 | 3,244 | 3,621 | 3,036 | 2,822 | 2,555 | 2,259 | 1,976 | 1,680 | 1,424 | 1,558 | 1,323 | 1,200 | 1,330 | 1,285 | 1,331 | 1,318 | 1,237 | 1,440 | 1,402 | 1,261 | 1,172 | 1,208 |
| EBITDA margin | 40.7% | 33.7% | 36.0% | 37.8% | 40.5% | 31.1% | 37.4% | 36.0% | 36.7% | 33.1% | 34.5% | 36.6% | 36.3% | 28.2% | 28.7% | 24.6% | 21.5% | 27.3% | 23.7% | 27.9% | 23.8% | 25.6% | 29.0% | 32.7% | 25.5% | 33.3% | 37.1% | 35.1% | 38.8% | 28.7% |
| Finance costs | 3,390 | 3,101 | 2,981 | 2,804 | 2,736 | 2,585 | 2,496 | 2,369 | 2,244 | 2,122 | 1,997 | 1,827 | 1,671 | 1,478 | 1,268 | 1,060 | 866 | 878 | 864 | 857 | 887 | 935 | 1,012 | 1,065 | 1,123 | 1,142 | 1,095 | 993 | 907 | 831 |
| Depreciation | 81.5 | 81.9 | 76.2 | 77.3 | 71.3 | 68.1 | 63.7 | 60 | 55.4 | 53.5 | 49.6 | 48 | 42.8 | 40.2 | 37.7 | 34.7 | 33.1 | 30.4 | 30.4 | 28 | 28.6 | 29.5 | 30.3 | 26.1 | 28.4 | 25.1 | 25 | 22.8 | 21.4 | 31.6 |
| Profit before tax | 1,495 | 1,383 | 1,232 | 1,134 | 1,071 | 1,167 | 967 | 1,328 | 993 | 1,469 | 1,004 | 957 | 848 | 768 | 3,439 | 593 | 529 | 659 | 440 | 318 | 420 | 326 | 296 | 235 | 78.2 | 276 | 283 | 250 | 290 | 398 |
| Tax | 417 | 395 | 356 | 329 | 328 | 475 | 306 | 392 | 295 | 324 | 289 | 284 | 246 | 196 | 214 | 211 | 147 | 180 | 172 | 127 | 117 | 118 | 107 | 97.7 | 2.6 | 101 | 145 | 132 | 139 | 149 |
| Net profit | 1,224 | 1,165 | 966 | 882 | 851 | 886 | 724 | 1,021 | 779 | 1,288 | 760 | 725 | 666 | 636 | 3,285 | 479 | 461 | 571 | 357 | 270 | 384 | 283 | 252 | 187 | 126 | 241 | 194 | 170 | 201 | 208 |
| Net margin | 10.0% | 8.7% | 8.1% | 8.3% | 9.0% | 7.3% | 7.7% | 9.9% | 8.8% | 11.8% | 8.6% | 9.4% | 9.4% | 7.9% | 47.7% | 7.0% | 7.0% | 10.0% | 6.4% | 6.3% | 6.9% | 5.6% | 5.5% | 4.6% | 2.6% | 5.6% | 5.1% | 4.7% | 6.7% | 4.9% |
| EPS (₹) | 4.46 | 4.31 | 3.62 | 3.27 | 3.20 | 3.32 | 2.72 | 3.83 | 2.92 | 4.79 | 2.83 | 2.71 | 2.68 | 2.52 | 13.53 | 2.02 | 1.86 | 2.39 | 1.56 | 1.25 | 1.55 | 1.20 | 1.10 | 0.82 | 0.61 | 1.09 | 0.94 | 0.89 | 0.98 | 0.94 |
| Net profit YoY | +43.9% | +31.5% | +33.3% | −13.5% | +9.2% | −31.2% | −4.7% | +40.8% | +17.1% | +102.6% | −76.9% | +51.2% | – | +37.8% | +475.1% | +34.3% | +20.3% | +101.9% | +41.6% | +44.6% | +204.4% | +17.4% | – | – | – | +24.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 45,509 | 40,590 | 34,506 | 27,416 | 22,230 | 19,248 | 16,792 | 13,428 |
| Other income | 108 | 134 | 55 | 2,786 | 11.4 | 26 | 18.1 | 213 |
| Total expenses | 40,744 | 36,298 | 30,282 | 24,839 | 20,296 | 17,997 | 15,772 | 12,087 |
| EBITDA | 16,694 | 14,233 | 12,034 | 7,444 | 5,536 | 5,282 | 5,730 | 4,476 |
| EBITDA margin | 36.7% | 35.1% | 34.9% | 27.2% | 24.9% | 27.4% | 34.1% | 33.3% |
| Finance costs | 11,622 | 9,694 | 7,617 | 4,722 | 3,480 | 3,916 | 4,607 | 3,026 |
| Depreciation | 307 | 246 | 194 | 145 | 122 | 114 | 103 | 109 |
| Profit before tax | 4,820 | 4,426 | 4,278 | 5,363 | 1,946 | 1,277 | 1,029 | 1,554 |
| Tax | 1,407 | 1,461 | 1,143 | 811 | 627 | 440 | 414 | 550 |
| Net profit | 3,864 | 3,410 | 3,439 | 4,824 | 1,660 | 1,106 | 866 | 824 |
| Net margin | 8.5% | 8.4% | 10.0% | 17.6% | 7.5% | 5.7% | 5.2% | 6.1% |
| EPS (₹) | 14.41 | 12.74 | 13.05 | 19.84 | 7.06 | 4.67 | 4.07 | 4.22 |
| Net profit YoY | +13.3% | −0.8% | −28.7% | +190.6% | +50.1% | +27.7% | – | – |
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 | −36,544 | −27,935 | −24,101 | −24,053 | −5,070 |
| Investing cash flow | −3,544 | 935 | −4,590 | −2,650 | −1,446 |
| Financing cash flow | 38,161 | 29,777 | 28,514 | 26,385 | 5,836 |
| Capital expenditure | 394 | 458 | 402 | 246 | 180 |
| Free cash flow (CFO − capex) | −36,938 | −28,392 | −24,503 | −24,299 | −5,249 |
Net profit trend
annual, ₹ croreFY21
₹1,106
FY22
₹1,660+50%
FY23
₹4,824+191%
FY24
₹3,439−29%
FY25
₹3,410−1%
FY26
₹3,864+13%
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 · audited | 4 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 4 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 3 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 3 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 30 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 30 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 5 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 5 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 14.5×24.1×
P/B5Y avg 1.92×2.97×
ROEFY26, on average equity11.9%
Net margin8.5%
Debt / equity2.88×
Revenue CAGR (3Y)18.4%
Profit CAGR (3Y)-7.1%
EPS (TTM)₹16.17
Market cap₹1.02L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.97×
vs 10-point avg 1.92× (+54%)
1.60× low1.92× avg2.97× high
History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3.35L Cr+20%
Net worth₹34,423 Cr+13%
Total borrowings₹99,250 Cr+19%
Cash & bank balances₹2,403 Cr−45%
Investments₹79,606 Cr+13%
Inventories₹0 Cr
Trade receivables₹843 Cr+23%
Change vs the same date a year earlier.
Revenue mix FY26
Life Insurance44.1%result ₹257 Cr
Lending (Excluding Housing Finance)31.6%result ₹4,023 Cr
Health Insurance11.8%result ₹30.5 Cr
Housing Finance7.5%result ₹832 Cr
Asset Management3.8%result ₹1,266 Cr
Stock and Securities Broking0.9%result ₹78.7 Cr
Other Financial Services0.4%result ₹−371 Cr
Segment revenue as reported, before inter-segment eliminations.