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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	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q4 FY18
Revenue from operations	3,584	2,868	2,984	2,827	3,201	2,704	2,975	2,775	3,091	2,520	2,882	2,767	3,030	2,444	2,694	2,671	2,188	2,551	2,225	1,798	2,026	2,118	1,743	931	1,355	1,696	1,599	1,717	1,472	1,617	1,490	1,298
Other income	38.9	21.7	30.5	26	28.5	17.1	20.2	21.1	36.3	15.9	18.9	15.3	13.6	15.1	10.9	12.6	19.1	15.5	13	17	15	15.6	23.2	7.8	16.7	14.3	15.7	21.9	16.5	15.1	12	12.2
Total expenses	3,092	2,499	2,627	2,590	2,781	2,381	2,608	2,446	2,671	2,274	2,504	2,398	2,571	2,179	2,438	2,394	1,915	2,229	1,940	1,624	1,757	1,765	1,472	901	1,210	1,461	1,405	1,467	1,305	1,427	1,325	1,136
EBITDA	607	482	471	352	528	428	472	434	522	351	480	474	557	369	350	364	346	392	354	239	336	415	335	92.1	208	296	251	305	212	236	207	200
EBITDA margin	16.9%	16.8%	15.8%	12.5%	16.5%	15.8%	15.9%	15.6%	16.9%	13.9%	16.7%	17.1%	18.4%	15.1%	13.0%	13.6%	15.8%	15.4%	15.9%	13.3%	16.6%	19.6%	19.2%	9.9%	15.4%	17.5%	15.7%	17.8%	14.4%	14.6%	13.9%	15.4%
Finance costs	12.5	11.6	14.1	17.4	14.5	15.1	16	17	15.2	17.8	19.6	21.1	19.7	29.3	29.6	24.1	14.6	13.9	12.7	9.6	11.9	8.9	10.9	12.4	14.1	12.7	10.4	9.9	9.7	10.9	7.9	6.4
Depreciation	103	101	100	97.1	94	89.2	88.8	89	87.2	86.9	82.9	82.9	78.2	74.4	64.4	62.5	59.8	56.1	55.9	54.8	54.2	52.9	53.7	50.4	49.3	48.3	47.2	46.2	34.6	35.5	33.6	32
Profit before tax	531	428	334	264	412	341	387	349	456	262	398	389	472	280	267	293	296	338	298	191	283	369	293	37.2	162	250	209	271	184	205	177	174
Tax	138	103	80.9	68.2	108	87	98.4	88.3	112	71.4	97.7	96.7	121	71.9	68	73.5	76.2	84.2	79.2	49.8	74.8	94.9	71.6	17.6	56	63.7	12.9	94.4	72.1	69.9	59.7	60.5
Net profit	405	335	271	206	315	263	296	270	354	223	300	292	355	186	201	220	220	253	219	140	209	275	221	15.1	103	182	195	176	111	134	117	106
Net margin	11.3%	11.7%	9.1%	7.3%	9.8%	9.7%	9.9%	9.7%	11.5%	8.8%	10.4%	10.6%	11.7%	7.6%	7.5%	8.2%	10.1%	9.9%	9.9%	7.8%	10.3%	13.0%	12.7%	1.6%	7.6%	10.7%	12.2%	10.3%	7.6%	8.3%	7.9%	8.2%
EPS (₹)	3.47	2.87	2.33	1.77	2.70	2.25	2.53	2.31	3.03	1.91	2.57	2.50	3.65	1.91	2.07	2.26	2.27	2.60	2.25	1.45	2.15	2.83	2.28	0.16	1.06	1.91	2.01	1.82	1.15	1.38	1.20	1.09
Net profit YoY	+28.6%	+27.5%	−8.3%	−23.5%	−11.0%	+18.1%	−1.4%	−7.6%	−0.2%	+19.7%	+49.2%	+33.1%	–	−15.6%	−20.5%	+0.1%	+5.6%	−8.0%	−0.8%	+830.9%	+102.2%	+51.2%	+13.6%	−91.4%	−7.4%	+35.9%	+66.0%	–	+4.9%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	11,880	11,545	11,199	10,568	8,762	6,818	6,366	6,062	5,282
Other income	107	94.8	63.7	51.6	64.6	51.5	68.5	60	45.9
Total expenses	10,497	10,106	9,747	9,444	7,708	5,885	5,543	5,350	4,624
EBITDA	1,833	1,856	1,861	1,487	1,331	1,188	1,061	882	807
EBITDA margin	15.4%	16.1%	16.6%	14.1%	15.2%	17.4%	16.7%	14.5%	15.3%
Finance costs	57.6	63.3	78.3	99.2	50.7	44.1	47	32.3	24.6
Depreciation	392	354	331	264	227	211	191	138	124
Profit before tax	1,437	1,533	1,516	1,176	1,122	979	891	772	704
Tax	360	386	387	302	289	259	227	273	244
Net profit	1,128	1,183	1,170	860	833	720	656	497	461
Net margin	9.5%	10.2%	10.4%	8.1%	9.5%	10.6%	10.3%	8.2%	8.7%
EPS (₹)	9.67	10.13	10.02	8.86	8.58	7.41	6.76	5.13	4.75
Net profit YoY	−4.6%	+1.1%	+36.0%	+3.3%	+15.7%	+9.7%	+31.9%	+7.9%	–

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	1,540	1,269	1,591	976	567
Investing cash flow	−976	−650	−398	−600	−521
Financing cash flow	−613	−606	−1,069	−363	−78.1
Capital expenditure	518	429	275	748	774
Free cash flow (CFO − capex)	1,022	840	1,316	228	−208

Net profit trend

annual, ₹ crore

FY21

₹720

FY22

₹833+16%

FY23

₹860+3%

FY24

₹1,170+36%

FY25

₹1,183+1%

FY26

₹1,128−5%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	5 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	5 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	12 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	12 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	5 Feb 2026	PDF XBRL
Q3 FY26	Standalone	5 Feb 2026	PDF XBRL
Q2 FY26	Consolidated	4 Nov 2025	PDF XBRL
Q2 FY26	Standalone	4 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	5 Aug 2025	PDF XBRL
Q1 FY26	Standalone	5 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY2610.67 MB FY2522.58 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 53.6×43.9×

P/B5Y avg 11.53×7.73×

ROEFY26, on average equity17.3%

Net margin9.5%

Debt / equity0.09×

Revenue CAGR (3Y)4.0%

Profit CAGR (3Y)9.4%

EPS (TTM)₹10.45

Market cap₹53,444 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

7.73×

vs 8-point avg 11.53× (−33%)

6.91× low11.53× avg14.62× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹10,057 Cr+10%

Net worth₹6,916 Cr+12%

Total borrowings₹635 Cr−5%

Cash & bank balances₹207 Cr−18%

Investments₹1,189 Cr+123%

Inventories₹2,393 Cr+1%

Trade receivables₹1,565 Cr+2%

Trade payables₹1,745 Cr+0%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	74.98	74.98	74.98	74.98	74.98	74.98	74.99	74.99	74.99	74.99	74.99	74.99
FII	4.83	4.68	5.25	5.35	5.60	5.75	5.94	6.98	7.51	10.66	10.68	10.89
DII	11.79	11.71	11.08	10.71	10.45	10.11	9.61	8.79	7.58	5.18	4.68	4.07
of which MF	7.01	6.80	6.23	5.82	5.51	–	–	–	–	–	–	–
Retail	5.91	6.09	6.05	6.28	6.34	6.38	6.78	6.57	7.02	6.34	6.81	7.14
Other public	2.49	2.54	2.64	2.68	2.63	2.78	2.68	2.67	2.90	2.83	2.84	2.91

3,12,571 shareholders · NSE shareholding pattern filings.