Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY19
| ₹ 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 | 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 | Q2 FY20 | Q1 FY20 | Q4 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 472 | 342 | 301 | 325 | 308 | 345 | 346 | 367 | 340 | 321 | 292 | 314 | 328 | 339 | 358 | 446 | 342 | 375 | 232 | 473 | 411 | 308 | 99.4 | 251 | 260 | 280 | 313 | 0 |
| Other income | 9.8 | 10.2 | 9.7 | 7.7 | 11.4 | 7.7 | 6.7 | 11.2 | 11.8 | 8 | 9.5 | 9.5 | 7.8 | 7 | 7.3 | 4.5 | 6.2 | 3.5 | 4.9 | 2.1 | 1.7 | 1.7 | 4.7 | 0.2 | 0.9 | −0.4 | 5.3 | 0 |
| Total expenses | 392 | 280 | 253 | 278 | 258 | 299 | 296 | 316 | 281 | 273 | 247 | 259 | 308 | 300 | 308 | 347 | 246 | 214 | 134 | 257 | 230 | 264 | 105 | 241 | 238 | 262 | 286 | 0 |
| EBITDA | 82.6 | 64.1 | 50.5 | 49.1 | 52.6 | 48.2 | 51.7 | 53 | 61.6 | 51.1 | 46.9 | 57.5 | 22.1 | 41.4 | 53.2 | 101 | 97.7 | 164 | 101 | 219 | 184 | 46.3 | −3.3 | 12.7 | 24.6 | 19.9 | 29.1 | 0 |
| EBITDA margin | 17.5% | 18.8% | 16.8% | 15.1% | 17.1% | 14.0% | 15.0% | 14.5% | 18.1% | 15.9% | 16.1% | 18.3% | 6.7% | 12.2% | 14.8% | 22.7% | 28.6% | 43.7% | 43.5% | 46.3% | 44.8% | 15.0% | -3.3% | 5.1% | 9.4% | 7.1% | 9.3% | – |
| Finance costs | 0.1 | 0.1 | 0 | 0.1 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.9 | 0 | 0 | 0 | 0.1 | 0.4 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2.1 | 2.1 | 2.2 | 2.2 | 2.1 | 2.4 | 2.3 | 2.4 | 2.4 | 2.5 | 2.4 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.3 | 2.6 | 2.6 | 2.6 | 2.5 | 2.6 | 2.2 | 2.2 | 0 |
| Profit before tax | 90.2 | 72.3 | 58.1 | 54.6 | 61.7 | 53.6 | 56.3 | 61.8 | 71 | 56.7 | 53.9 | 64.5 | 27.4 | 45.7 | 57.1 | 103 | 101 | 165 | 103 | 219 | 183 | 45.4 | −1.2 | 10.3 | 22.9 | 17.3 | 32.2 | 0 |
| Tax | 25.1 | 20.6 | 16.1 | 14.5 | 16.1 | 14.4 | 15.7 | 15.8 | 17.9 | 16.5 | 13.8 | 16.5 | 13.3 | 12.4 | 16.1 | 29.9 | 25.7 | 41 | 26.1 | 55.5 | 47 | 10 | 0.1 | 2.6 | 5.9 | −3 | 10.2 | 0 |
| Net profit | 65.6 | 51.6 | 42.2 | 40.5 | 45.9 | 39.5 | 40.8 | 46.3 | 53.4 | 40.4 | 40.2 | 48.2 | 14.3 | 33.5 | 41.2 | 73.3 | 75.7 | 124 | 77.4 | 163 | 136 | 35.5 | −1.4 | 7.8 | 16.9 | 20.4 | 22 | 0 |
| Net margin | 13.9% | 15.1% | 14.0% | 12.4% | 14.9% | 11.5% | 11.8% | 12.6% | 15.7% | 12.6% | 13.8% | 15.3% | 4.3% | 9.9% | 11.5% | 16.4% | 22.2% | 33.0% | 33.4% | 34.5% | 33.1% | 11.5% | -1.4% | 3.1% | 6.5% | 7.3% | 7.0% | – |
| EPS (₹) | 2.64 | 2.07 | 1.70 | 1.63 | 1.84 | 1.59 | 1.64 | 1.86 | 2.14 | 1.62 | 1.62 | 1.94 | 0.86 | 2.02 | 2.48 | 4.41 | 4.56 | 7.45 | 4.66 | 9.85 | 8.22 | 2.14 | -0.08 | 0.47 | 1.02 | 1.23 | 1.33 | 0.00 |
| Net profit YoY | +42.9% | +30.6% | +3.4% | −12.7% | −14.0% | −2.3% | +1.5% | −3.9% | – | +183.6% | +19.9% | +17.0% | −80.5% | −55.7% | −66.7% | −55.2% | −44.4% | +248.3% | +5683.3% | +1999.9% | +705.6% | +74.3% | −106.3% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,276 | 1,398 | 1,222 | 1,363 | 1,394 | 1,292 | 1,104 | 1,225 |
| Other income | 39 | 37.4 | 39.5 | 28.9 | 19 | 10.2 | 5.9 | 6.9 |
| Total expenses | 1,068 | 1,192 | 1,020 | 1,197 | 941 | 856 | 1,028 | 1,154 |
| EBITDA | 216 | 214 | 212 | 177 | 463 | 447 | 86.3 | 79 |
| EBITDA margin | 16.9% | 15.3% | 17.4% | 13.0% | 33.2% | 34.6% | 7.8% | 6.5% |
| Finance costs | 0.2 | 0.2 | 0.2 | 1.2 | 0.2 | 0.6 | 0.1 | 1.2 |
| Depreciation | 8.4 | 9 | 9.7 | 9.9 | 10 | 10.2 | 9.5 | 7.3 |
| Profit before tax | 247 | 243 | 242 | 195 | 472 | 446 | 82.6 | 77.4 |
| Tax | 67.3 | 63.8 | 63 | 58.9 | 123 | 113 | 15.8 | 30.8 |
| Net profit | 180 | 180 | 179 | 137 | 350 | 334 | 67 | 47.2 |
| Net margin | 14.1% | 12.9% | 14.7% | 10.0% | 25.1% | 25.8% | 6.1% | 3.9% |
| EPS (₹) | 7.24 | 7.23 | 7.21 | 8.24 | 21.06 | 20.13 | 4.04 | 2.85 |
| Net profit YoY | +0.1% | +0.4% | +31.2% | −60.9% | +4.8% | +398.3% | +41.9% | – |
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 | 168 | 109 | 230 | 153 | 298 |
| Investing cash flow | −29.9 | 235 | 45.1 | −15.3 | −300 |
| Financing cash flow | −99.5 | −99.5 | −324 | −49.8 | −49.8 |
| Capital expenditure | 35.2 | 6.1 | 21.4 | 5.2 | 13.5 |
| Free cash flow (CFO − capex) | 133 | 103 | 209 | 148 | 284 |
Net profit trend
annual, ₹ croreFY21
₹334
FY22
₹350+5%
FY23
₹137−61%
FY24
₹179+31%
FY25
₹180+0%
FY26
₹180+0%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 18 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 18 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 24 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 24 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 14 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 14 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 | 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 12.7×15.7×
P/B5Y avg 2.39×2.90×
ROEFY26, on average equity17.3%
Net margin14.1%
Debt / equity0.00×
Revenue CAGR (3Y)-2.2%
Profit CAGR (3Y)9.6%
EPS (TTM)₹8.03
Market cap₹3,146 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.90×
vs 8-point avg 2.39× (+21%)
1.52× low2.39× avg3.88× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,285 Cr+16%
Net worth₹1,083 Cr+8%
Total borrowings₹0 Cr
Cash & bank balances₹387 Cr+11%
Investments₹2 Cr−11%
Inventories₹184 Cr+56%
Trade receivables₹254 Cr−1%
Trade payables₹152 Cr+168%
Change vs the same date a year earlier.