Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 395 | 395 | 390 | 377 | 354 | 356 | 370 | 365 | 331 | 310 | 290 | 275 | 261 | 249 | 244 | 242 | 237 | 243 | 238 | 228 | 201 |
| Other income | 16.6 | 12.9 | 12.9 | 12.2 | 13.1 | 13.4 | 14.9 | 12.6 | 11.7 | 11.4 | 9.9 | 9.6 | 9.7 | 7.9 | 7.1 | 7.4 | 4.4 | 4.3 | 4.1 | 4.4 | 4.5 |
| Total expenses | 238 | 242 | 238 | 236 | 223 | 222 | 219 | 215 | 201 | 187 | 181 | 172 | 170 | 159 | 153 | 153 | 154 | 148 | 140 | 136 | 121 |
| EBITDA | 183 | 183 | 179 | 168 | 154 | 159 | 173 | 170 | 150 | 143 | 129 | 122 | 110 | 109 | 108 | 106 | 97.9 | 112 | 113 | 106 | 92.9 |
| EBITDA margin | 46.3% | 46.3% | 45.9% | 44.5% | 43.6% | 44.7% | 46.7% | 46.6% | 45.2% | 46.2% | 44.7% | 44.4% | 42.1% | 43.8% | 44.4% | 43.8% | 41.4% | 46.1% | 47.7% | 46.5% | 46.2% |
| Finance costs | 1.5 | 1.5 | 1.7 | 1.8 | 1.9 | 2 | 2.1 | 2.2 | 2.1 | 2.1 | 2.1 | 2 | 2 | 2 | 2 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 |
| Depreciation | 24.5 | 28 | 25.3 | 24.6 | 20.8 | 22.8 | 19.5 | 18.4 | 17 | 18.1 | 18.5 | 17.4 | 16.5 | 16.4 | 15.5 | 14.7 | 13.6 | 15.7 | 13.4 | 11.9 | 10.6 |
| Profit before tax | 173 | 166 | 165 | 153 | 145 | 148 | 166 | 162 | 142 | 135 | 119 | 112 | 101 | 98.5 | 97.8 | 96.9 | 86.9 | 98.9 | 102 | 96.5 | 85 |
| Tax | 46 | 40.6 | 40.1 | 39.4 | 36.3 | 35.1 | 42 | 41.4 | 35.4 | 31.6 | 30.2 | 28.6 | 25.5 | 24.2 | 24.2 | 24.9 | 22.3 | 25.1 | 24.9 | 23.9 | 21.7 |
| Net profit | 127 | 125 | 125 | 114 | 108 | 113 | 124 | 121 | 107 | 103 | 88.5 | 83.8 | 75.7 | 74.4 | 73.6 | 72.1 | 64.6 | 73.8 | 77.3 | 72.6 | 63.2 |
| Net margin | 32.2% | 31.7% | 31.9% | 30.2% | 30.5% | 31.7% | 33.6% | 33.1% | 32.3% | 33.2% | 30.6% | 30.5% | 29.0% | 29.8% | 30.2% | 29.7% | 27.3% | 30.4% | 32.5% | 31.9% | 31.4% |
| EPS (₹) | 5.16 | 5.10 | 5.07 | 23.23 | 22.07 | 23.08 | 25.45 | 24.88 | 22.01 | 21.07 | 18.13 | 17.24 | 15.58 | 15.23 | 15.05 | 14.74 | 13.24 | 15.10 | 15.81 | 14.86 | 12.95 |
| Net profit YoY | +17.6% | +11.2% | +0.4% | −5.7% | +1.0% | +9.5% | +40.2% | +44.2% | +41.3% | +38.5% | +20.3% | +16.2% | +17.1% | +0.7% | −4.8% | −0.6% | +2.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 1,516 | 1,422 | 1,137 | 972 | 910 |
| Other income | 51.2 | 52.6 | 40.6 | 26.8 | 17.3 |
| Total expenses | 938 | 856 | 710 | 618 | 544 |
| EBITDA | 684 | 652 | 505 | 421 | 424 |
| EBITDA margin | 45.1% | 45.9% | 44.4% | 43.3% | 46.6% |
| Finance costs | 7 | 8.5 | 8.2 | 7.6 | 7.1 |
| Depreciation | 98.8 | 77.7 | 70.5 | 60.3 | 51.6 |
| Profit before tax | 629 | 619 | 467 | 380 | 383 |
| Tax | 157 | 154 | 116 | 95.6 | 95.7 |
| Net profit | 472 | 465 | 351 | 285 | 287 |
| Net margin | 31.1% | 32.7% | 30.9% | 29.3% | 31.5% |
| EPS (₹) | 19.23 | 95.41 | 72.06 | 58.26 | 58.73 |
| Net profit YoY | +1.6% | +32.4% | +23.3% | −0.8% | – |
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 | 584 | 477 | 401 | 319 | 321 |
| Investing cash flow | −270 | −132 | −188 | −102 | −131 |
| Financing cash flow | −316 | −338 | −224 | −205 | −203 |
| Capital expenditure | 141 | 118 | 38.4 | 44.5 | 62.3 |
| Free cash flow (CFO − capex) | 444 | 359 | 363 | 275 | 259 |
Net profit trend
annual, ₹ croreFY22
₹287
FY23
₹285−1%
FY24
₹351+23%
FY25
₹465+32%
FY26
₹472+2%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 3 Aug 2026 | PDF XBRL |
| Q1 FY27 | Standalone | 3 Aug 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 4 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 4 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 | 28 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 28 Oct 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 37.3×35.7×
P/B5Y avg 15.81×13.28×
ROEFY26, on average equity38.7%
Net margin31.1%
Debt / equity0.00×
Revenue CAGR (3Y)16.0%
Profit CAGR (3Y)18.4%
EPS (TTM)₹19.80
Market cap₹17,541 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
13.28×
vs 8-point avg 15.81× (−16%)
11.75× low15.81× avg21.23× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,810 Cr+13%
Net worth₹1,321 Cr+18%
Total borrowings₹0 Cr−27%
Cash & bank balances₹12 Cr−13%
Investments₹446 Cr+5%
Inventories₹0 Cr
Trade receivables₹57 Cr−49%
Trade payables₹91 Cr+13%
Change vs the same date a year earlier.