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 | Q4 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 8,856 | 8,417 | 7,898 | 7,491 | 7,267 | 7,046 | 6,733 | 6,255 | 5,812 | 5,428 | 5,007 | 4,623 | 4,082 | 3,741 | 3,356 | 3,017 | 2,770 | 2,605 | 2,557 | 2,496 | 2,482 | 2,479 | 2,520 | 2,454 | 2,126 | 2,165 | 2,289 | 0 | 1,537 |
| Other income | 100 | 147 | 110 | 122 | 86.3 | 91.3 | 104 | 67.2 | 44.4 | 71.6 | 47.3 | 72.6 | 88.7 | 93.5 | 52 | 50.2 | 25.9 | 51.6 | 0.2 | 0.5 | 0.2 | 0.4 | 0 | 3.9 | 0.1 | 0.1 | 0.2 | 0 | 0.3 |
| Total expenses | 6,735 | 6,422 | 6,274 | 6,049 | 5,822 | 5,439 | 5,372 | 5,018 | 4,582 | 4,071 | 3,898 | 3,630 | 3,215 | 2,672 | 2,482 | 2,305 | 2,032 | 1,724 | 1,847 | 1,675 | 2,038 | 2,153 | 1,968 | 1,872 | 1,544 | 2,108 | 1,766 | 0 | 1,101 |
| EBITDA | 6,204 | 5,820 | 5,344 | 5,031 | 4,980 | 5,036 | 4,695 | 4,358 | 4,085 | 4,011 | 3,596 | 3,235 | 2,912 | 2,839 | 2,447 | 2,080 | 1,896 | 1,980 | 1,780 | 1,922 | 1,572 | 1,472 | 1,718 | 1,792 | 1,738 | 1,221 | 1,747 | 0 | 1,070 |
| EBITDA margin | 70.1% | 69.1% | 67.7% | 67.2% | 68.5% | 71.5% | 69.7% | 69.7% | 70.3% | 73.9% | 71.8% | 70.0% | 71.3% | 75.9% | 72.9% | 68.9% | 68.5% | 76.0% | 69.6% | 77.0% | 63.3% | 59.4% | 68.2% | 73.0% | 81.8% | 56.4% | 76.3% | – | 69.6% |
| Finance costs | 4,007 | 3,753 | 3,646 | 3,517 | 3,468 | 3,365 | 3,275 | 3,059 | 2,796 | 2,579 | 2,441 | 2,204 | 2,006 | 1,734 | 1,543 | 1,340 | 1,130 | 1,071 | 1,046 | 1,078 | 1,104 | 1,120 | 1,140 | 1,185 | 1,131 | 1,135 | 1,192 | 0 | 619 |
| Depreciation | 75.1 | 71.6 | 73.8 | 71 | 67.4 | 64.1 | 59.2 | 62.6 | 59 | 75.2 | 45.8 | 38.5 | 38.6 | 35.5 | 30 | 28 | 27.5 | 28.1 | 24.1 | 23.6 | 24.9 | 25.8 | 25.4 | 25.5 | 25.7 | 27.8 | 32.3 | 0 | 15.3 |
| Profit before tax | 2,222 | 2,142 | 1,735 | 1,565 | 1,531 | 1,698 | 1,465 | 1,304 | 1,275 | 1,428 | 1,157 | 1,065 | 956 | 1,163 | 926 | 762 | 764 | 932 | 710 | 821 | 444 | 327 | 553 | 586 | 582 | 57.4 | 523 | 0 | 436 |
| Tax | 567 | 498 | 446 | 406 | 394 | 439 | 377 | 337 | 328 | 379 | 284 | 289 | 242 | 307 | 238 | 196 | 197 | 241 | 182 | 211 | 115 | 82 | 143 | 151 | 151 | 14.8 | 134 | 0 | 147 |
| Net profit | 1,656 | 1,645 | 1,290 | 1,160 | 1,138 | 1,260 | 1,088 | 968 | 947 | 1,065 | 872 | 773 | 710 | 855 | 685 | 563 | 562 | 687 | 528 | 611 | 329 | 245 | 410 | 435 | 431 | 42.5 | 389 | 0 | 290 |
| Net margin | 18.7% | 19.5% | 16.3% | 15.5% | 15.7% | 17.9% | 16.2% | 15.5% | 16.3% | 19.6% | 17.4% | 16.7% | 17.4% | 22.9% | 20.4% | 18.7% | 20.3% | 26.4% | 20.6% | 24.5% | 13.2% | 9.9% | 16.3% | 17.7% | 20.3% | 2.0% | 17.0% | – | 18.8% |
| EPS (₹) | 19.43 | 19.33 | 15.29 | 13.78 | 13.53 | 14.98 | 12.95 | 11.52 | 11.27 | 12.68 | 10.40 | 9.40 | 8.64 | 10.40 | 8.34 | 6.85 | 6.84 | 8.36 | 6.43 | 7.44 | 4.01 | 2.99 | 5.00 | 5.30 | 5.26 | 0.53 | 4.98 | 0.00 | 18.53 |
| Net profit YoY | +45.6% | +30.6% | +18.5% | +19.8% | +20.1% | +18.2% | +24.8% | +25.2% | +33.4% | +24.6% | +27.3% | +37.3% | +26.3% | +24.5% | +29.8% | −7.8% | +71.1% | +180.2% | +28.8% | +40.5% | −23.8% | +477.5% | +5.3% | – | – | – | – | −100.0% | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 31,073 | 25,846 | 19,140 | 12,884 | 10,141 | 9,579 | 8,712 | 7,088 | 5,501 |
| Other income | 466 | 307 | 280 | 221 | 91.1 | 4.4 | 0.6 | 21.2 | 0.6 |
| Total expenses | 24,566 | 20,411 | 14,815 | 9,491 | 7,324 | 7,536 | 7,124 | 5,277 | 4,018 |
| EBITDA | 21,175 | 18,174 | 13,754 | 9,262 | 7,215 | 6,721 | 6,291 | 5,455 | 3,839 |
| EBITDA margin | 68.1% | 70.3% | 71.9% | 71.9% | 71.1% | 70.2% | 72.2% | 77.0% | 69.8% |
| Finance costs | 14,384 | 12,495 | 9,231 | 5,748 | 4,298 | 4,576 | 4,592 | 3,588 | 2,305 |
| Depreciation | 284 | 245 | 198 | 121 | 101 | 102 | 111 | 57 | 50.9 |
| Profit before tax | 6,973 | 5,741 | 4,605 | 3,615 | 2,908 | 2,048 | 1,588 | 1,832 | 1,484 |
| Tax | 1,744 | 1,481 | 1,195 | 938 | 749 | 527 | 534 | 635 | 510 |
| Net profit | 5,233 | 4,263 | 3,420 | 2,665 | 2,154 | 1,521 | 1,054 | 1,197 | 975 |
| Net margin | 16.8% | 16.5% | 17.9% | 20.7% | 21.2% | 15.9% | 12.1% | 16.9% | 17.7% |
| EPS (₹) | 61.98 | 50.72 | 41.17 | 32.44 | 26.24 | 18.55 | 13.39 | 76.56 | 62.41 |
| Net profit YoY | +22.8% | +24.6% | +28.3% | +23.7% | +41.6% | +44.3% | −11.9% | +22.7% | – |
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 | −30,021 | −32,413 | −35,683 | −27,105 | −5,571 |
| Investing cash flow | −2,554 | −2,948 | −2,855 | −2,148 | 1,640 |
| Financing cash flow | 35,610 | 39,795 | 38,471 | 27,466 | 5,150 |
| Capital expenditure | 265 | 200 | 1,076 | 143 | 56.8 |
| Free cash flow (CFO − capex) | −30,286 | −32,613 | −36,759 | −27,248 | −5,628 |
Net profit trend
annual, ₹ croreFY21
₹1,521
FY22
₹2,154+42%
FY23
₹2,665+24%
FY24
₹3,420+28%
FY25
₹4,263+25%
FY26
₹5,233+23%
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 | 30 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 30 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 30 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated · audited | 6 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone · audited | 6 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 31 Jul 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 31 Jul 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 26.8×24.6×
P/B5Y avg 5.24×4.65×
ROEFY26, on average equity19.3%
Net margin16.8%
Debt / equity5.14×
Revenue CAGR (3Y)34.1%
Profit CAGR (3Y)25.2%
EPS (TTM)₹67.47
Market cap₹1.42L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.65×
vs 10-point avg 5.24× (−11%)
3.79× low5.24× avg6.57× high
History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2.45L Cr+22%
Net worth₹30,458 Cr+29%
Total borrowings₹1.57L Cr+17%
Cash & bank balances₹8,315 Cr+57%
Investments₹6,646 Cr+4%
Inventories₹0 Cr
Trade receivables₹327 Cr+60%
Change vs the same date a year earlier.
Revenue mix FY26
Vehicle Finance54.0%result ₹3,145 Cr
Loan against property19.6%result ₹2,159 Cr
Others15.8%result ₹535 Cr
Home Loans10.6%result ₹857 Cr
Segment revenue as reported, before inter-segment eliminations.