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 | 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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,547 | 10,224 | 7,154 | 5,792 | 4,440 | 9,150 | 5,771 | 4,605 | 4,244 | 8,564 | 4,162 | 4,009 | 3,533 | 6,479 | 4,153 | 3,962 | 3,141 | 6,340 | 3,702 | 3,678 | 1,649 | 6,917 | 2,320 | 3,195 | 1,676 | 5,817 | 2,278 | 2,748 | 2,125 | 0 | 0 |
| Other income | 170 | 110 | 139 | 154 | 163 | 195 | 186 | 158 | 204 | 225 | 167 | 137 | 140 | 66.2 | 58.6 | 73.8 | 82.2 | 63.9 | 59.9 | 62.4 | 45.3 | 57.5 | 23.5 | 27.5 | 16.5 | 28.6 | 33.4 | 11.5 | 25.8 | 0 | 0 |
| Total expenses | 4,320 | 7,417 | 5,164 | 4,218 | 3,324 | 6,477 | 4,213 | 3,317 | 3,404 | 6,399 | 3,198 | 3,105 | 2,970 | 4,764 | 3,406 | 3,205 | 2,719 | 4,873 | 2,971 | 2,914 | 1,676 | 5,039 | 1,964 | 2,665 | 1,624 | 4,425 | 2,013 | 2,292 | 1,858 | 0 | 0 |
| EBITDA | 1,388 | 2,982 | 2,127 | 1,702 | 1,238 | 2,816 | 1,669 | 1,400 | 948 | 2,287 | 1,073 | 1,014 | 673 | 1,832 | 863 | 868 | 522 | 1,578 | 829 | 864 | 70 | 1,981 | 456 | 627 | 146 | 1,494 | 357 | 549 | 355 | 0 | 0 |
| EBITDA margin | 25.0% | 29.2% | 29.7% | 29.4% | 27.9% | 30.8% | 28.9% | 30.4% | 22.3% | 26.7% | 25.8% | 25.3% | 19.0% | 28.3% | 20.8% | 21.9% | 16.6% | 24.9% | 22.4% | 23.5% | 4.2% | 28.6% | 19.7% | 19.6% | 8.7% | 25.7% | 15.7% | 20.0% | 16.7% | – | – |
| Finance costs | 1.2 | 1.6 | 2 | 1.7 | 1.4 | 5.9 | 1.3 | 1.3 | 1.2 | 4.1 | 0.5 | 1.5 | 1.1 | 2.5 | 9.7 | 1.8 | 1 | 4.3 | 0.2 | 0.5 | 0.1 | 5.6 | 0.4 | 0.3 | 0.1 | 1.9 | 0.1 | 1.2 | 0.3 | 0 | 0 |
| Depreciation | 161 | 173 | 135 | 126 | 121 | 138 | 111 | 111 | 108 | 119 | 107 | 108 | 109 | 114 | 106 | 109 | 99.3 | 106 | 98.2 | 99.4 | 97.5 | 96.8 | 99.8 | 96.7 | 94 | 101 | 91.7 | 91.2 | 88.4 | 0 | 0 |
| Profit before tax | 1,396 | 2,917 | 2,128 | 1,728 | 1,279 | 2,867 | 1,744 | 1,445 | 1,043 | 2,390 | 1,132 | 1,041 | 703 | 1,782 | 806 | 831 | 504 | 1,531 | 791 | 827 | 17.8 | 1,936 | 380 | 558 | 68.5 | 1,420 | 298 | 468 | 292 | 0 | 0 |
| Tax | 352 | 703 | 558 | 450 | 319 | 746 | 442 | 361 | 262 | 604 | 284 | 261 | 174 | 415 | 203 | 216 | 148 | 385 | 206 | 216 | 4.7 | 580 | 109 | 162 | 20.9 | 381 | 85.7 | 133 | 86.3 | 0 | 0 |
| Net profit | 1,055 | 2,226 | 1,580 | 1,287 | 969 | 2,127 | 1,312 | 1,093 | 791 | 1,797 | 860 | 790 | 539 | 1,382 | 614 | 624 | 366 | 1,155 | 596 | 625 | 24.4 | 1,368 | 279 | 399 | 53.8 | 1,047 | 223 | 344 | 211 | 0 | 0 |
| Net margin | 19.0% | 21.8% | 22.1% | 22.2% | 21.8% | 23.2% | 22.7% | 23.7% | 18.6% | 21.0% | 20.7% | 19.7% | 15.2% | 21.3% | 14.8% | 15.8% | 11.7% | 18.2% | 16.1% | 17.0% | 1.5% | 19.8% | 12.0% | 12.5% | 3.2% | 18.0% | 9.8% | 12.5% | 9.9% | – | – |
| EPS (₹) | 1.44 | 3.04 | 2.16 | 1.76 | 1.33 | 2.91 | 1.79 | 1.50 | 1.08 | 2.46 | 1.17 | 1.08 | 0.74 | 1.90 | 0.83 | 0.86 | 1.50 | 4.74 | 2.45 | 2.56 | 0.10 | 5.62 | 1.14 | 1.64 | 0.22 | 4.30 | 0.91 | 1.42 | 0.86 | 0.00 | 0.00 |
| Net profit YoY | +8.8% | +4.7% | +20.4% | +17.8% | +22.5% | +18.4% | +52.5% | +38.4% | +46.9% | +30.0% | +40.2% | +26.5% | +47.0% | +19.6% | +2.9% | −0.0% | +1400.7% | −15.6% | +114.0% | +56.4% | −54.7% | +30.7% | +25.0% | +16.0% | −74.4% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 27,610 | 23,769 | 20,268 | 17,734 | 15,368 | 14,109 | 12,968 | 12,164 | 10,485 |
| Other income | 566 | 742 | 670 | 281 | 232 | 125 | 99.4 | 73 | 196 |
| Total expenses | 20,123 | 17,412 | 15,672 | 14,092 | 12,433 | 11,292 | 10,589 | 9,609 | 8,724 |
| EBITDA | 8,049 | 6,834 | 5,046 | 4,086 | 3,341 | 3,211 | 2,754 | 2,906 | 2,035 |
| EBITDA margin | 29.2% | 28.8% | 24.9% | 23.0% | 21.7% | 22.8% | 21.2% | 23.9% | 19.4% |
| Finance costs | 6.7 | 9.7 | 7.1 | 15 | 5.1 | 6.4 | 3.6 | 12.8 | 2.2 |
| Depreciation | 556 | 467 | 443 | 429 | 401 | 387 | 372 | 338 | 272 |
| Profit before tax | 8,053 | 7,099 | 5,266 | 3,923 | 3,166 | 2,942 | 2,478 | 2,628 | 1,957 |
| Tax | 2,029 | 1,812 | 1,323 | 983 | 812 | 872 | 686 | 780 | 550 |
| Net profit | 6,062 | 5,323 | 3,985 | 2,986 | 2,400 | 2,100 | 1,825 | 1,887 | 1,431 |
| Net margin | 22.0% | 22.4% | 19.7% | 16.8% | 15.6% | 14.9% | 14.1% | 15.5% | 13.6% |
| EPS (₹) | 8.29 | 7.28 | 5.45 | 4.09 | 9.85 | 8.62 | 7.49 | 7.74 | 5.83 |
| Net profit YoY | +13.9% | +33.6% | +33.5% | +24.4% | +14.3% | +15.1% | −3.3% | +31.8% | – |
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 | 1,541 | 587 | 4,659 | 1,267 | 4,207 |
| Investing cash flow | 1,730 | 617 | −5,924 | 2,691 | −4,872 |
| Financing cash flow | −2,097 | −1,696 | −1,475 | −1,313 | −1,078 |
| Capital expenditure | 985 | 1,011 | 653 | 590 | 555 |
| Free cash flow (CFO − capex) | 556 | −425 | 4,007 | 676 | 3,653 |
Net profit trend
annual, ₹ croreFY21
₹2,100
FY22
₹2,400+14%
FY23
₹2,986+24%
FY24
₹3,985+33%
FY25
₹5,323+34%
FY26
₹6,062+14%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 27 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 27 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 19 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 19 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 28 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 28 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 31 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 31 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 28 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 28 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 37.6×46.8×
P/B5Y avg 9.43×11.99×
ROEFY26, on average equity27.6%
Net margin22.0%
Debt / equity0.00×
Revenue CAGR (3Y)15.9%
Profit CAGR (3Y)26.6%
EPS (TTM)₹8.41
Market cap₹2.88L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
11.99×
vs 8-point avg 9.43× (+27%)
5.14× low9.43× avg13.69× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹44,538 Cr+9%
Net worth₹23,988 Cr+20%
Total borrowings₹0 Cr
Cash & bank balances₹1,888 Cr+165%
Investments₹625 Cr+7%
Inventories₹10,176 Cr+12%
Trade receivables₹12,876 Cr+41%
Trade payables₹3,583 Cr+7%
Change vs the same date a year earlier.