Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,607 | 6,269 | 5,815 | 5,206 | 5,170 | 5,509 | 5,433 | 4,774 | 4,974 | 4,766 | 4,178 | 4,630 | 4,545 | 4,431 | 4,327 | 3,969 | 3,439 | 4,215 | 3,230 | 3,084 | 2,534 | 2,587 | 2,601 | 2,202 | 1,110 | 1,889 | 2,116 | 1,647 | 2,072 | 2,094 | 1,691 | 1,690 | 1,519 |
| Other income | 39.5 | 36.5 | 24.7 | 25.1 | 25.6 | 34.9 | 21.7 | 14.8 | 24.7 | 18.6 | 15 | 19.6 | 21.7 | 18 | 9.3 | 11.6 | 8.3 | 11 | 7.9 | 11.4 | 10.2 | 12.6 | 8.3 | 10.1 | 4.9 | 8.3 | 4.7 | 4.6 | 4.6 | 2.8 | 3.2 | 1.9 | 1.9 |
| Total expenses | 5,294 | 5,849 | 5,435 | 4,845 | 4,885 | 5,185 | 5,174 | 4,719 | 4,747 | 4,563 | 3,974 | 4,373 | 4,306 | 4,180 | 4,107 | 3,779 | 3,284 | 3,987 | 3,066 | 2,900 | 2,319 | 2,422 | 2,410 | 2,074 | 1,084 | 1,818 | 2,010 | 1,626 | 1,995 | 2,002 | 1,675 | 1,651 | 1,454 |
| EBITDA | 411 | 511 | 472 | 447 | 372 | 414 | 346 | 138 | 302 | 280 | 280 | 325 | 307 | 323 | 273 | 232 | 194 | 266 | 202 | 222 | 255 | 206 | 232 | 169 | 71.1 | 120 | 161 | 72 | 125 | 139 | 59.2 | 86.2 | 108 |
| EBITDA margin | 7.3% | 8.2% | 8.1% | 8.6% | 7.2% | 7.5% | 6.4% | 2.9% | 6.1% | 5.9% | 6.7% | 7.0% | 6.8% | 7.3% | 6.3% | 5.8% | 5.6% | 6.3% | 6.3% | 7.2% | 10.0% | 8.0% | 8.9% | 7.7% | 6.4% | 6.3% | 7.6% | 4.4% | 6.0% | 6.6% | 3.5% | 5.1% | 7.1% |
| Finance costs | 38.9 | 31.7 | 32.9 | 27.6 | 33.3 | 32.3 | 36.8 | 36.4 | 27.8 | 31.1 | 28.5 | 26.6 | 27.1 | 24.9 | 18.6 | 13.6 | 10 | 10.1 | 10.9 | 10.7 | 12.8 | 14.4 | 14.7 | 15.9 | 21.2 | 24.1 | 28 | 26.9 | 28.3 | 28.9 | 27.1 | 31 | 27.6 |
| Depreciation | 59.4 | 59.3 | 59.2 | 58.1 | 54.4 | 57.6 | 50.3 | 46.9 | 46.5 | 46.6 | 47.1 | 41.3 | 40.9 | 46.8 | 34.5 | 27.6 | 29.4 | 27.9 | 27.2 | 27.3 | 26.5 | 27.5 | 26.2 | 25.1 | 23.9 | 25.5 | 26.2 | 24 | 20.2 | 17.2 | 15.7 | 16.2 | 15 |
| Profit before tax | 352 | 457 | 404 | 386 | 310 | 359 | 280 | 69.6 | 252 | 221 | 219 | 277 | 261 | 269 | 229 | 202 | 163 | 239 | 172 | 196 | 226 | 177 | 200 | 138 | 30.9 | 78.6 | 111 | 25.8 | 81 | 95.4 | 19.6 | 41 | 67 |
| Tax | 89.3 | 102 | 94.4 | 84.8 | 72.8 | 65.6 | 63.1 | 15.8 | 58.9 | 50.8 | 53.5 | 73.8 | 67.2 | 67.3 | 59.8 | 52.1 | 42.2 | 62.5 | 44.2 | 49.5 | 57.2 | 42.8 | 50.7 | 35.6 | 9 | 17.8 | 27.7 | −34.1 | 28.9 | 33.7 | 6.8 | 14.3 | 22.5 |
| Net profit | 263 | 354 | 310 | 302 | 237 | 293 | 217 | 53.8 | 193 | 170 | 166 | 203 | 194 | 202 | 169 | 150 | 121 | 177 | 128 | 146 | 168 | 134 | 149 | 103 | 21.9 | 60.8 | 83.3 | 59.8 | 52.1 | 61.7 | 12.9 | 26.7 | 44.5 |
| Net margin | 4.7% | 5.7% | 5.3% | 5.8% | 4.6% | 5.3% | 4.0% | 1.1% | 3.9% | 3.6% | 4.0% | 4.4% | 4.3% | 4.6% | 3.9% | 3.8% | 3.5% | 4.2% | 4.0% | 4.7% | 6.6% | 5.2% | 5.7% | 4.7% | 2.0% | 3.2% | 3.9% | 3.6% | 2.5% | 2.9% | 0.8% | 1.6% | 2.9% |
| EPS (₹) | 9.48 | 12.76 | 11.17 | 10.86 | 8.55 | 10.56 | 7.82 | 1.94 | 6.96 | 6.14 | 5.97 | 7.32 | 6.98 | 7.28 | 6.76 | 6.00 | 4.28 | 6.52 | 4.62 | 5.26 | 11.80 | 9.55 | 10.59 | 37.01 | 6.78 | 22.85 | 33.79 | 24.67 | 21.54 | 26.00 | 5.42 | 11.24 | 19.19 |
| Net profit YoY | +10.9% | +20.9% | +42.9% | +460.4% | +22.8% | +72.0% | +31.1% | −73.5% | −0.2% | −15.5% | −2.2% | +35.1% | +60.5% | +14.3% | +32.3% | +2.8% | −28.4% | +31.4% | −14.0% | +42.3% | +669.4% | +121.1% | +78.7% | +71.5% | −58.0% | −1.5% | +546.9% | +124.3% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 23,079 | 20,690 | 18,119 | 16,166 | 13,063 | 8,500 | 7,723 | 7,152 | 5,472 |
| Other income | 112 | 96.1 | 74.9 | 47.2 | 40.5 | 35.9 | 22.2 | 11.7 | 8 |
| Total expenses | 21,633 | 19,825 | 17,216 | 15,350 | 12,272 | 7,990 | 7,449 | 6,937 | 5,236 |
| EBITDA | 1,802 | 1,199 | 1,192 | 1,022 | 945 | 679 | 477 | 393 | 376 |
| EBITDA margin | 7.8% | 5.8% | 6.6% | 6.3% | 7.2% | 8.0% | 6.2% | 5.5% | 6.9% |
| Finance costs | 125 | 133 | 113 | 67.1 | 44.5 | 66.1 | 107 | 113 | 86.3 |
| Depreciation | 231 | 201 | 176 | 138 | 109 | 103 | 95.9 | 64.3 | 53.4 |
| Profit before tax | 1,557 | 960 | 978 | 863 | 832 | 546 | 296 | 227 | 244 |
| Tax | 354 | 203 | 245 | 221 | 213 | 138 | 40.3 | 78.7 | 84.4 |
| Net profit | 1,203 | 757 | 732 | 642 | 619 | 408 | 256 | 148 | 160 |
| Net margin | 5.2% | 3.7% | 4.0% | 4.0% | 4.7% | 4.8% | 3.3% | 2.1% | 2.9% |
| EPS (₹) | 43.34 | 27.28 | 26.40 | 23.15 | 22.30 | 28.91 | 97.17 | 62.47 | 67.89 |
| Net profit YoY | +58.9% | +3.4% | +14.1% | +3.7% | +51.8% | +59.3% | +72.7% | – | – |
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 | 2,103 | 1,213 | 1,112 | 690 | 652 |
| Investing cash flow | −1,394 | −375 | −916 | −876 | −530 |
| Financing cash flow | −438 | −815 | 26.6 | 145 | 26 |
| Capital expenditure | 696 | 723 | 695 | 862 | 597 |
| Free cash flow (CFO − capex) | 1,407 | 491 | 417 | −172 | 55.1 |
Net profit trend
annual, ₹ croreFY21
₹408
FY22
₹619+52%
FY23
₹642+4%
FY24
₹732+14%
FY25
₹757+3%
FY26
₹1,203+59%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 1 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 1 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 2 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 2 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 22 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 22 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 29 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 29 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 24 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 24 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 52.4×50.0×
P/B5Y avg 11.15×11.61×
ROEFY26, on average equity25.3%
Net margin5.2%
Debt / equity0.09×
Revenue CAGR (3Y)12.6%
Profit CAGR (3Y)23.3%
EPS (TTM)₹44.26
Market cap₹61,502 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
11.61×
vs 8-point avg 11.15× (+4%)
10.06× low11.15× avg13.76× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹8,833 Cr+16%
Net worth₹5,297 Cr+26%
Total borrowings₹452 Cr−26%
Cash & bank balances₹644 Cr+75%
Investments₹49 Cr−62%
Inventories₹1,445 Cr−11%
Trade receivables₹351 Cr+31%
Trade payables₹2,368 Cr+6%
Change vs the same date a year earlier.