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 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,379 | 1,349 | 1,348 | 1,329 | 1,285 | 1,317 | 1,363 | 1,368 | 1,327 | 1,363 | 1,343 | 1,310 | 1,263 | 1,226 | 1,222 | 1,192 | 1,154 | 1,101 | 1,072 | 1,012 | 945 | 903 | 881 | 857 | 915 | 907 | 833 | 773 | 777 | 788 | 564 | 1,079 | 1,014 | 966 |
| Other income | 29 | −3.7 | 13.4 | 22 | 33.1 | 19.9 | 20.8 | 33.4 | 34.5 | 45.7 | 28.2 | 15.6 | 14.1 | −2.3 | 12.4 | −2.7 | 15.5 | 22.6 | 12.8 | 9.4 | 21.5 | 5.1 | 15.6 | 6.4 | −8.1 | 18.9 | 17.8 | 2.9 | 8.4 | 17 | 3 | 7 | 16.2 | 19.1 |
| Total expenses | 1,180 | 1,123 | 1,128 | 1,141 | 1,152 | 1,170 | 1,227 | 1,232 | 1,157 | 1,166 | 1,156 | 1,130 | 1,095 | 1,084 | 1,241 | 1,042 | 1,008 | 950 | 931 | 883 | 816 | 771 | 760 | 762 | 827 | 815 | 750 | 712 | 725 | 742 | 512 | 975 | 923 | 885 |
| EBITDA | 223 | 249 | 245 | 213 | 159 | 174 | 163 | 165 | 195 | 222 | 214 | 207 | 193 | 167 | 7.4 | 176 | 170 | 175 | 163 | 152 | 151 | 152 | 144 | 119 | 113 | 117 | 107 | 85.5 | 77.2 | 62.1 | 65.1 | 147 | 123 | 110 |
| EBITDA margin | 16.1% | 18.5% | 18.2% | 16.0% | 12.4% | 13.2% | 12.0% | 12.1% | 14.7% | 16.3% | 16.0% | 15.8% | 15.3% | 13.6% | 0.6% | 14.8% | 14.7% | 15.8% | 15.2% | 15.0% | 16.0% | 16.9% | 16.4% | 13.9% | 12.3% | 12.9% | 12.9% | 11.1% | 9.9% | 7.9% | 11.5% | 13.6% | 12.1% | 11.4% |
| Finance costs | 4.3 | 3.9 | 5.7 | 5.1 | 5 | 5.5 | 6.9 | 6.8 | 4.2 | 4.1 | 6 | 5.7 | 4.2 | 4 | 5.6 | 5.8 | 3.3 | 3.6 | 3.1 | 3.4 | 2.8 | 2.9 | 3.2 | 3.5 | 3.5 | 3.4 | 4 | 4.1 | 4.6 | 2.8 | 2.8 | 5.7 | 5.4 | 2.9 |
| Depreciation | 19.3 | 19.3 | 20.1 | 20.2 | 20.8 | 21.6 | 21.3 | 22.2 | 20.6 | 21.1 | 21.1 | 21.5 | 21.4 | 21 | 21 | 20.7 | 19.6 | 20 | 18.8 | 19.4 | 18.4 | 17.8 | 20.2 | 20.8 | 21.5 | 21.4 | 20.1 | 20.4 | 20.7 | 13 | 10.2 | 36.8 | 27 | 25.6 |
| Profit before tax | 228 | 222 | 192 | 210 | 166 | 166 | 156 | 170 | 205 | 242 | 215 | 196 | 182 | 140 | −6.8 | 147 | 162 | 174 | 154 | 138 | 151 | 137 | 137 | 102 | 79.8 | 111 | 101 | 63.8 | 60.4 | 80.9 | 55.2 | 111 | 107 | 100 |
| Tax | 67.2 | 46.4 | 71.9 | 93.9 | 59.7 | 44.2 | 39 | 42.2 | 54.7 | 62.1 | 54.4 | 50.4 | 44 | 27.6 | 9.5 | 32.1 | 41.7 | 40.7 | 39.7 | 35.1 | 37.6 | 37.8 | 40.2 | 32.5 | 23.4 | 41.8 | 28.5 | 23 | 18.6 | 14.8 | 17.3 | 23.5 | 24.1 | 16.5 |
| Net profit | 161 | 176 | 120 | 116 | 106 | 122 | 117 | 128 | 150 | 180 | 161 | 145 | 138 | 112 | −16.4 | 115 | 121 | 133 | 114 | 103 | 114 | 99 | 96.4 | 69.1 | 56.3 | 69 | 72.7 | 40.8 | 41.8 | 66.1 | 64.9 | 82.6 | 78.6 | 76.6 |
| Net margin | 11.7% | 13.0% | 8.9% | 8.7% | 8.3% | 9.3% | 8.6% | 9.3% | 11.3% | 13.2% | 12.0% | 11.1% | 10.9% | 9.1% | -1.3% | 9.7% | 10.5% | 12.1% | 10.6% | 10.2% | 12.0% | 11.0% | 10.9% | 8.1% | 6.2% | 7.6% | 8.7% | 5.3% | 5.4% | 8.4% | 11.5% | 7.7% | 7.8% | 7.9% |
| EPS (₹) | 5.72 | 6.27 | 4.28 | 4.16 | 3.81 | 4.38 | 4.20 | 4.59 | 5.41 | 6.48 | 5.82 | 5.24 | 4.97 | 4.07 | -0.59 | 4.12 | 4.29 | 4.73 | 4.07 | 3.71 | 4.05 | 3.56 | 3.47 | 2.49 | 2.03 | 2.49 | 2.63 | 1.47 | 1.51 | 2.41 | 1.94 | 4.23 | 4.00 | 3.93 |
| Net profit YoY | +51.3% | +44.1% | +2.5% | −8.9% | −29.1% | −32.2% | −27.4% | −12.1% | +9.2% | +60.5% | +1084.4% | +26.1% | +13.9% | −15.6% | −114.4% | +11.6% | +6.2% | +34.3% | +18.2% | +49.2% | +101.7% | +43.3% | +32.6% | +69.3% | +34.8% | +4.5% | +11.9% | −50.6% | −46.8% | −13.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,310 | 5,375 | 5,278 | 4,795 | 4,130 | 3,556 | 3,291 | 2,551 | 3,666 |
| Other income | 64.8 | 109 | 104 | 22.8 | 66.2 | 19 | 43 | 26.1 | 45 |
| Total expenses | 4,544 | 4,787 | 4,547 | 4,375 | 3,580 | 3,120 | 2,998 | 2,305 | 3,382 |
| EBITDA | 866 | 697 | 836 | 520 | 640 | 529 | 392 | 306 | 379 |
| EBITDA margin | 16.3% | 13.0% | 15.8% | 10.9% | 15.5% | 14.9% | 11.9% | 12.0% | 10.3% |
| Finance costs | 19.6 | 23.4 | 19.9 | 18.6 | 13 | 13 | 16.1 | 10.8 | 10.4 |
| Depreciation | 80.3 | 85.7 | 85 | 82.3 | 76.5 | 80.4 | 82.6 | 49.9 | 84.3 |
| Profit before tax | 790 | 697 | 835 | 442 | 617 | 455 | 336 | 289 | 331 |
| Tax | 272 | 180 | 211 | 111 | 153 | 134 | 112 | 53.9 | 69.8 |
| Net profit | 518 | 517 | 624 | 332 | 464 | 321 | 224 | 292 | 254 |
| Net margin | 9.8% | 9.6% | 11.8% | 6.9% | 11.2% | 9.0% | 6.8% | 11.5% | 6.9% |
| EPS (₹) | 18.54 | 18.64 | 22.54 | 11.96 | 16.63 | 11.53 | 8.11 | 11.00 | 13.13 |
| Net profit YoY | +0.3% | −17.2% | +88.1% | −28.5% | +44.5% | +43.0% | −23.2% | +14.9% | – |
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 | 481 | 588 | 718 | 561 | 281 |
| Investing cash flow | −143 | −437 | −627 | 252 | −307 |
| Financing cash flow | −233 | −215 | −168 | −636 | −147 |
| Capital expenditure | 44.4 | 48.6 | 26.2 | 57.7 | 63.8 |
| Free cash flow (CFO − capex) | 437 | 539 | 692 | 503 | 217 |
Net profit trend
annual, ₹ croreFY21
₹321
FY22
₹464+45%
FY23
₹332−28%
FY24
₹624+88%
FY25
₹517−17%
FY26
₹518+0%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 28 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 28 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 6 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 6 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 | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 6 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 23.5×13.4×
P/B5Y avg 3.92×1.86×
ROEFY26, on average equity13.7%
Net margin9.8%
Debt / equity0.00×
Revenue CAGR (3Y)3.5%
Profit CAGR (3Y)16.1%
EPS (TTM)₹20.50
Market cap₹7,660 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.86×
vs 8-point avg 3.92× (−52%)
1.86× low3.92× avg6.81× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹5,266 Cr+18%
Net worth₹4,113 Cr+18%
Total borrowings₹8 Cr−27%
Cash & bank balances₹426 Cr+30%
Investments₹2,171 Cr+24%
Inventories₹5 Cr−55%
Trade receivables₹1,213 Cr+24%
Trade payables₹255 Cr+8%
Change vs the same date a year earlier.
Revenue mix FY26
Manufacturing37.9%result ₹532 Cr
Banking, Financial Services and Insurance24.4%result ₹385 Cr
Life Sciences & Services20.4%result ₹182 Cr
Energy and Utilities17.3%result ₹352 Cr
Segment revenue as reported, before inter-segment eliminations.