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 | 6,632 | 6,080 | 6,114 | 6,172 | 5,042 | 5,241 | 4,973 | 4,263 | 4,393 | 4,256 | 4,179 | 4,115 | 3,986 | 3,804 | 3,721 | 3,519 | 3,397 | 3,193 | 2,881 | 2,250 | 1,974 | 2,940 | 2,828 | 2,134 | 818 | 2,208 | 2,371 | 2,192 | 2,382 | 2,500 | 2,341 | 2,408 | 2,548 | 2,528 |
| Other income | 466 | 352 | 337 | 351 | 446 | 380 | 289 | 354 | 282 | 305 | 254 | 274 | 243 | 206 | 192 | 149 | 48.7 | 118 | 92.1 | 109 | 122 | 114 | 125 | 100 | 114 | 143 | 135 | 145 | 120 | 143 | 147 | 94 | 59.6 | 85 |
| Total expenses | 5,341 | 4,818 | 4,786 | 4,878 | 4,052 | 4,200 | 3,965 | 3,369 | 3,409 | 3,308 | 3,249 | 3,183 | 3,118 | 3,027 | 3,006 | 2,832 | 2,688 | 2,559 | 2,416 | 1,892 | 1,729 | 2,435 | 2,283 | 1,771 | 918 | 1,890 | 1,878 | 1,745 | 1,860 | 1,899 | 1,740 | 1,753 | 1,810 | 1,796 |
| EBITDA | 1,591 | 1,514 | 1,557 | 1,512 | 1,203 | 1,258 | 1,201 | 1,088 | 1,165 | 1,129 | 1,090 | 1,087 | 1,021 | 934 | 857 | 822 | 831 | 757 | 582 | 470 | 363 | 634 | 672 | 471 | 3.8 | 432 | 592 | 541 | 614 | 685 | 680 | 729 | 810 | 797 |
| EBITDA margin | 24.0% | 24.9% | 25.5% | 24.5% | 23.9% | 24.0% | 24.2% | 25.5% | 26.5% | 26.5% | 26.1% | 26.4% | 25.6% | 24.5% | 23.0% | 23.3% | 24.5% | 23.7% | 20.2% | 20.9% | 18.4% | 21.6% | 23.8% | 22.1% | 0.5% | 19.6% | 25.0% | 24.7% | 25.8% | 27.4% | 29.0% | 30.3% | 31.8% | 31.5% |
| Finance costs | 21.7 | 20.2 | 17.3 | 19.2 | 14.9 | 15.5 | 13.4 | 13.1 | 12.3 | 15.3 | 12.4 | 12.7 | 10.4 | 8.2 | 7.6 | 7.1 | 5.2 | 3.1 | 6.1 | 3.1 | 6.4 | 3.9 | 3.6 | 3.8 | 5.1 | 5.5 | 4.3 | 4.4 | 4.7 | 2.1 | 1.9 | 1.8 | 1.5 | 1.4 |
| Depreciation | 278 | 232 | 211 | 200 | 198 | 201 | 179 | 180 | 169 | 165 | 148 | 143 | 142 | 148 | 135 | 127 | 116 | 119 | 111 | 109 | 112 | 125 | 123 | 105 | 98.2 | 109 | 95.2 | 89.8 | 87.6 | 81.1 | 76.8 | 72.2 | 70.2 | 64 |
| Profit before tax | 1,758 | 1,614 | 1,610 | 1,644 | 1,436 | 1,421 | 1,297 | 1,248 | 1,266 | 1,253 | 1,184 | 1,206 | 1,111 | 983 | 907 | 836 | 758 | 753 | 557 | 466 | 367 | 620 | 671 | 462 | 14.7 | 461 | 628 | 592 | 643 | 744 | 748 | 749 | 798 | 817 |
| Tax | 463 | 417 | 373 | 410 | 388 | 307 | 290 | 262 | 340 | 315 | 302 | 291 | 293 | 251 | 230 | 223 | 181 | 196 | 137 | 103 | 90.4 | 162 | 169 | 115 | 4.5 | 143 | 145 | 27.8 | 212 | 275 | 256 | 260 | 286 | 265 |
| Net profit | 1,463 | 1,520 | 1,421 | 1,369 | 1,205 | 1,362 | 1,171 | 1,100 | 1,101 | 1,070 | 996 | 1,016 | 918 | 906 | 741 | 657 | 611 | 610 | 456 | 373 | 237 | 526 | 533 | 343 | −55.2 | 304 | 499 | 573 | 452 | 545 | 533 | 549 | 576 | 462 |
| Net margin | 22.1% | 25.0% | 23.2% | 22.2% | 23.9% | 26.0% | 23.5% | 25.8% | 25.1% | 25.2% | 23.8% | 24.7% | 23.0% | 23.8% | 19.9% | 18.7% | 18.0% | 19.1% | 15.8% | 16.6% | 12.0% | 17.9% | 18.8% | 16.1% | -6.7% | 13.8% | 21.0% | 26.1% | 19.0% | 21.8% | 22.8% | 22.8% | 22.6% | 18.3% |
| EPS (₹) | 53.30 | 55.41 | 51.79 | 49.93 | 43.95 | 49.69 | 42.70 | 40.15 | 40.21 | 39.10 | 36.38 | 37.13 | 33.57 | 33.11 | 27.09 | 24.02 | 22.33 | 22.32 | 16.68 | 13.65 | 8.67 | 19.25 | 19.49 | 12.58 | -2.02 | 111.44 | 182.69 | 209.87 | 165.57 | 199.73 | 195.42 | 207.68 | 211.35 | 238.02 |
| Net profit YoY | +21.3% | +11.6% | +21.4% | +24.5% | +9.4% | +27.3% | +17.5% | +8.3% | +19.9% | +18.2% | +34.4% | +54.7% | +50.4% | +48.4% | +62.4% | +76.0% | +157.5% | +16.0% | −14.4% | +8.7% | +529.7% | +72.9% | +6.8% | −40.0% | −112.2% | −44.2% | −6.4% | +4.4% | −21.6% | +18.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 23,408 | 18,870 | 16,536 | 14,442 | 10,298 | 8,720 | 9,154 | 9,797 | 9,219 |
| Other income | 1,487 | 1,305 | 1,076 | 595 | 441 | 453 | 543 | 443 | 280 |
| Total expenses | 18,534 | 14,942 | 12,857 | 11,553 | 8,596 | 7,406 | 7,374 | 7,202 | 6,640 |
| EBITDA | 5,785 | 4,712 | 4,327 | 3,444 | 2,172 | 1,781 | 2,180 | 2,903 | 2,808 |
| EBITDA margin | 24.7% | 25.0% | 26.2% | 23.8% | 21.1% | 20.4% | 23.8% | 29.6% | 30.5% |
| Finance costs | 71.5 | 54.3 | 50.9 | 28 | 18.8 | 16.5 | 18.9 | 7.3 | 5.3 |
| Depreciation | 840 | 729 | 598 | 526 | 452 | 451 | 382 | 300 | 223 |
| Profit before tax | 6,304 | 5,233 | 4,754 | 3,484 | 2,142 | 1,767 | 2,323 | 3,039 | 2,859 |
| Tax | 1,587 | 1,199 | 1,201 | 886 | 526 | 452 | 527 | 1,077 | 936 |
| Net profit | 5,515 | 4,734 | 4,001 | 2,914 | 1,677 | 1,347 | 1,827 | 2,203 | 1,960 |
| Net margin | 23.6% | 25.1% | 24.2% | 20.2% | 16.3% | 15.4% | 20.0% | 22.5% | 21.3% |
| EPS (₹) | 201.09 | 172.76 | 146.18 | 106.56 | 61.33 | 49.30 | 669.52 | 814.18 | 800.50 |
| Net profit YoY | +16.5% | +18.3% | +37.3% | +73.8% | +24.5% | −26.3% | −17.0% | +12.4% | – |
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 | 4,805 | 3,980 | 3,742 | 2,847 | 1,527 |
| Investing cash flow | −2,964 | −2,483 | −2,852 | −2,422 | −983 |
| Financing cash flow | −1,983 | −1,399 | −844 | −417 | −593 |
| Capital expenditure | 1,275 | 1,039 | 819 | 682 | 641 |
| Free cash flow (CFO − capex) | 3,530 | 2,941 | 2,923 | 2,165 | 886 |
Net profit trend
annual, ₹ croreFY21
₹1,347
FY22
₹1,677+24%
FY23
₹2,914+74%
FY24
₹4,001+37%
FY25
₹4,734+18%
FY26
₹5,515+16%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 29 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 29 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 22 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 22 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 10 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 10 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 31 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 31 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)35.0×
P/B8.04×
ROEFY26, on average equity23.8%
Net margin23.6%
Debt / equity0.01×
Revenue CAGR (3Y)17.5%
Profit CAGR (3Y)23.7%
EPS (TTM)₹210.45
Market cap₹2.02L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹32,164 Cr+18%
Net worth₹25,100 Cr+18%
Total borrowings₹319 Cr+20%
Cash & bank balances₹234 Cr+7%
Investments₹13,772 Cr+18%
Inventories₹1,968 Cr+26%
Trade receivables₹354 Cr−36%
Trade payables₹2,738 Cr+8%
Change vs the same date a year earlier.