Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY23
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,419 | 1,913 | 1,940 | 1,591 | 1,739 | 1,719 | 1,885 | 1,386 | 1,975 | 1,524 | 1,789 | 1,313 | 1,689 | 1,328 | 1,482 | 1,228 |
| Other income | 2 | 1.5 | 3.8 | 1.7 | 1.3 | 2.1 | 2.5 | 2.4 | 2.2 | 3 | 2.1 | 2.5 | 2.5 | 5.5 | 3.1 | 0.7 |
| Total expenses | 2,259 | 1,865 | 1,900 | 1,586 | 1,704 | 1,677 | 1,846 | 1,356 | 1,880 | 1,474 | 1,729 | 1,266 | 1,611 | 1,287 | 1,455 | 1,196 |
| EBITDA | 239 | 129 | 119 | 81.6 | 110 | 114 | 98.9 | 83.9 | 154 | 108 | 115 | 96.6 | 130 | 90.9 | 72.8 | 75.4 |
| EBITDA margin | 9.9% | 6.7% | 6.1% | 5.1% | 6.3% | 6.6% | 5.2% | 6.1% | 7.8% | 7.1% | 6.4% | 7.4% | 7.7% | 6.8% | 4.9% | 6.1% |
| Finance costs | 37.2 | 40.1 | 38.7 | 38.5 | 37.4 | 36.5 | 30 | 22.5 | 28.6 | 28 | 29.1 | 23.5 | 27.1 | 27.1 | 24.6 | 23 |
| Depreciation | 41.6 | 40.7 | 40.3 | 38.4 | 36.8 | 35.5 | 29.8 | 31.3 | 30.1 | 29.3 | 26.3 | 25.5 | 24.6 | 23.1 | 21.6 | 20.7 |
| Profit before tax | 162 | 53.5 | 39.4 | 21.6 | 28.9 | 44 | 41.7 | 32.5 | 97.3 | 53.3 | 62 | 50.1 | 80.8 | 46.1 | 29.6 | 32.4 |
| Tax | 41.4 | 13.7 | 9.8 | 5.5 | 7.3 | 12.6 | 10.1 | 8 | 24.8 | 12.7 | 16.2 | 12.7 | 20.5 | 10 | 7.7 | 8.3 |
| Net profit | 121 | 39.7 | 29.6 | 16.1 | 21.6 | 31.5 | 31.6 | 24.5 | 72.5 | 40.5 | 45.8 | 37.4 | 60.3 | 36.1 | 21.9 | 24.1 |
| Net margin | 5.0% | 2.1% | 1.5% | 1.0% | 1.2% | 1.8% | 1.7% | 1.8% | 3.7% | 2.7% | 2.6% | 2.8% | 3.6% | 2.7% | 1.5% | 2.0% |
| EPS (₹) | 3.14 | 1.03 | 0.77 | 0.42 | 0.56 | 0.82 | 0.82 | 0.64 | 1.88 | 1.05 | 1.19 | 0.97 | 1.57 | 0.94 | 0.59 | 0.80 |
| Net profit YoY | +458.1% | +26.3% | −6.0% | −34.2% | −70.2% | −22.4% | −31.1% | −34.3% | +20.3% | +12.3% | +108.9% | +54.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 7,183 | 6,965 | 6,285 | 5,446 |
| Other income | 8.2 | 9.1 | 10.1 | 11 |
| Total expenses | 7,055 | 6,759 | 6,049 | 5,294 |
| EBITDA | 438 | 451 | 449 | 336 |
| EBITDA margin | 6.1% | 6.5% | 7.2% | 6.2% |
| Finance costs | 154 | 118 | 108 | 98.5 |
| Depreciation | 156 | 127 | 106 | 85.4 |
| Profit before tax | 143 | 215 | 246 | 163 |
| Tax | 36.3 | 55.4 | 62.2 | 40.4 |
| Net profit | 107 | 160 | 184 | 123 |
| Net margin | 1.5% | 2.3% | 2.9% | 2.3% |
| EPS (₹) | 2.78 | 4.16 | 4.78 | 3.63 |
| Net profit YoY | −33.1% | −13.0% | +49.8% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | 444 | 176 | 160 | 6.2 |
| Investing cash flow | −125 | −332 | −117 | −307 |
| Financing cash flow | −299 | 101 | −161 | 470 |
| Capital expenditure | 124 | 324 | 162 | 244 |
| Free cash flow (CFO − capex) | 320 | −148 | −2.1 | −238 |
Net profit trend
annual, ₹ croreFY23
₹123
FY24
₹184+50%
FY25
₹160−13%
FY26
₹107−33%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 Aug 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 | 9 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 9 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 10 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 5 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 5 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 30.4×37.4×
P/B5Y avg 3.67×4.74×
ROEFY26, on average equity6.8%
Net margin1.5%
Debt / equity0.55×
Revenue CAGR (3Y)9.7%
Profit CAGR (3Y)-4.4%
EPS (TTM)₹5.36
Market cap₹7,703 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.74×
vs 7-point avg 3.67× (+29%)
2.08× low3.67× avg5.41× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,797 Cr+3%
Net worth₹1,626 Cr+6%
Total borrowings₹891 Cr−9%
Cash & bank balances₹50 Cr+63%
Investments₹0 Cr
Inventories₹1,241 Cr−0%
Trade receivables₹55 Cr−69%
Trade payables₹66 Cr−36%
Change vs the same date a year earlier.