Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 655 | 636 | 512 | 731 | 486 | 500 | 390 | 294 | 254 | 401 | 296 | 392 | 386 | 480 | 383 | 386 | 307 | 317 | 266 | 249 | 234 | 272 |
| Other income | 12.6 | 3.4 | 2.1 | 7.8 | 4.9 | 5.5 | −3.5 | 1.9 | 6.1 | 12 | 2.4 | 3.5 | 12.4 | 24.3 | 6 | −3.1 | −9.4 | −0.4 | 5 | 6.2 | 4.3 | 2.5 |
| Total expenses | 598 | 583 | 455 | 664 | 428 | 418 | 327 | 262 | 244 | 355 | 262 | 325 | 321 | 401 | 313 | 316 | 241 | 249 | 212 | 205 | 194 | 241 |
| EBITDA | 162 | 137 | 127 | 136 | 124 | 144 | 124 | 80.4 | 53.2 | 92.7 | 79.1 | 107 | 101 | 117 | 102 | 104 | 93.9 | 97.3 | 75.1 | 64 | 60.7 | 63 |
| EBITDA margin | 24.8% | 21.6% | 24.9% | 18.6% | 25.6% | 28.9% | 31.9% | 27.4% | 20.9% | 23.1% | 26.8% | 27.4% | 26.2% | 24.4% | 26.6% | 27.0% | 30.6% | 30.7% | 28.2% | 25.7% | 26.0% | 23.2% |
| Finance costs | 49.2 | 41.9 | 35.2 | 36 | 35.7 | 31.2 | 32 | 26.7 | 22.4 | 26.1 | 25.1 | 20.4 | 17.8 | 20.3 | 14.2 | 16 | 12.2 | 13.8 | 5.2 | 5.2 | 6.6 | 19 |
| Depreciation | 56.1 | 42.7 | 34.5 | 32.1 | 30.7 | 30.7 | 29.3 | 21.7 | 20.6 | 20.7 | 20.4 | 19.8 | 18.7 | 18.5 | 18.5 | 17.7 | 15.7 | 15.4 | 15.5 | 14.8 | 14.4 | 13.3 |
| Profit before tax | 69.7 | 56.1 | 60 | 75.5 | 62.9 | 88.1 | 59.5 | 34 | 16.2 | 57.9 | 35.9 | 70.7 | 77.3 | 103 | 75.3 | 67.4 | 56.6 | 67.7 | 59.3 | 50.2 | 44 | 33.2 |
| Tax | 18.5 | 0.1 | −0.6 | 18.4 | 14.4 | 25.2 | 5.3 | 3.4 | 4 | 17.4 | 9.9 | 22 | 25 | 30.1 | 20.9 | 19.6 | 19.2 | 22.3 | 21.4 | 14.1 | 11.8 | 11 |
| Net profit | 51.2 | 56 | 60.6 | 57.2 | 48.5 | 62.9 | 54.2 | 30.6 | 12.2 | 40.5 | 26 | 48.7 | 52.3 | 72.6 | 54.4 | 47.8 | 39.7 | 46.1 | 37.9 | 36.1 | 32.1 | 22.1 |
| Net margin | 7.8% | 8.8% | 11.8% | 7.8% | 10.0% | 12.6% | 13.9% | 10.4% | 4.8% | 10.1% | 8.8% | 12.4% | 13.5% | 15.1% | 14.2% | 12.4% | 12.9% | 14.5% | 14.2% | 14.5% | 13.7% | 8.2% |
| EPS (₹) | 3.39 | 3.75 | 4.31 | 3.93 | 3.10 | 4.06 | 2.57 | 1.51 | 0.36 | 2.81 | 1.70 | 3.78 | 4.86 | 7.01 | 5.31 | 4.77 | 3.96 | 4.61 | 3.79 | 3.61 | 3.22 | 2.70 |
| Net profit YoY | +5.7% | −11.0% | +11.8% | +86.6% | +296.8% | +55.5% | +108.3% | −37.1% | −76.6% | −44.3% | −52.2% | +1.8% | +31.6% | +57.6% | +43.6% | +32.6% | +23.6% | +108.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 2,365 | 1,437 | 1,475 | 1,602 | 1,066 | 811 |
| Other income | 18.2 | 11.5 | 30.2 | 8.6 | 15.1 | 26.4 |
| Total expenses | 2,129 | 1,251 | 1,264 | 1,304 | 860 | 737 |
| EBITDA | 525 | 401 | 381 | 431 | 297 | 194 |
| EBITDA margin | 22.2% | 27.9% | 25.8% | 26.9% | 27.9% | 23.9% |
| Finance costs | 149 | 112 | 89.4 | 62.7 | 30.8 | 68.5 |
| Depreciation | 140 | 102 | 79.7 | 71.1 | 60.1 | 51.7 |
| Profit before tax | 254 | 198 | 242 | 306 | 221 | 100 |
| Tax | 32.2 | 37.9 | 74.3 | 90.8 | 69.7 | 29.7 |
| Net profit | 222 | 160 | 167 | 217 | 152 | 70.3 |
| Net margin | 9.4% | 11.1% | 11.4% | 13.5% | 14.3% | 8.7% |
| EPS (₹) | 15.09 | 8.50 | 11.89 | 20.91 | 15.22 | 8.56 |
| Net profit YoY | +38.9% | −4.5% | −22.8% | +42.5% | +116.5% | – |
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 | 334 | −30.1 | 59 | 292 | −171 |
| Investing cash flow | −820 | −330 | −392 | −523 | −412 |
| Financing cash flow | 621 | 223 | 395 | 371 | 384 |
| Capital expenditure | 555 | 410 | 716 | 221 | 147 |
| Free cash flow (CFO − capex) | −221 | −440 | −657 | 71.3 | −318 |
Net profit trend
annual, ₹ croreFY21
₹70.3
FY22
₹152+116%
FY23
₹217+42%
FY24
₹167−23%
FY25
₹160−4%
FY26
₹222+39%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 23 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 23 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 14 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 14 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 17 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 17 Oct 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 55.4×60.3×
P/B5Y avg 3.84×4.07×
ROEFY26, on average equity7.2%
Net margin9.4%
Debt / equity0.54×
Revenue CAGR (3Y)13.9%
Profit CAGR (3Y)0.8%
EPS (TTM)₹19.76
Market cap₹13,575 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.07×
vs 8-point avg 3.84× (+6%)
3.02× low3.84× avg4.77× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹8,013 Cr+52%
Net worth₹3,334 Cr+17%
Total borrowings₹1,815 Cr+38%
Cash & bank balances₹378 Cr+234%
Investments₹19 Cr+116%
Inventories₹1,775 Cr+22%
Trade receivables₹959 Cr+31%
Trade payables₹946 Cr+64%
Change vs the same date a year earlier.