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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q2 FY20

₹ 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
Revenue from operations	820	926	1,210	921	870	1,010	765	689	624	805	868	790	818	880	842	793	815	818	692	657	746	1,132	845	692	475	864	899	730
Other income	38.2	62.6	59.2	36.9	36.4	36.4	38.1	47	38.9	51.1	30.5	43.8	93.7	44.9	26.4	65.2	27.9	43	38.9	24.9	23.2	39.9	48.8	49.6	50.5	66.4	66.7	63.3
Total expenses	704	786	869	812	809	720	677	637	583	739	827	700	756	721	800	755	773	714	634	601	645	970	774	620	458	758	815	627
EBITDA	126	152	352	120	72.1	301	97.9	62.4	51	77.5	50.1	98.5	71	167	49.8	44.8	46.8	110	66.5	61.6	106	171	77.2	79.2	22.5	113	89.8	109
EBITDA margin	15.4%	16.4%	29.1%	13.0%	8.3%	29.8%	12.8%	9.1%	8.2%	9.6%	5.8%	12.5%	8.7%	19.0%	5.9%	5.7%	5.7%	13.4%	9.6%	9.4%	14.3%	15.1%	9.1%	11.4%	4.7%	13.1%	10.0%	14.9%
Finance costs	0.5	0.4	0.6	0.5	0.6	0.5	0.6	0.7	0.8	0.8	0.7	0.4	1.2	0.4	0.4	0.5	0.2	0.2	0.2	0.2	0.3	2.4	0.4	0.5	0.4	0.6	0.4	0.4
Depreciation	9.8	10.8	10.2	10.1	10.6	10.7	9.5	9.5	9.8	10.7	8.5	8.3	7.5	7.1	6.7	6.7	5.2	5.4	7.9	5.4	5	7.1	5.1	6	5.4	6.8	5.6	5.8
Profit before tax	154	203	401	146	97.3	326	126	99.1	79.3	117	71.4	134	156	204	69	103	69.4	147	97.3	80.9	124	46.4	120	122	67.2	172	150	166
Tax	38.9	46.5	95	36.9	24.5	83.8	32.1	22.2	20.3	27.5	18.7	32.2	39.7	47.4	18.4	17.6	17.9	24.7	25.8	24.4	31.7	15	30.1	32.1	17.7	43.3	37.9	99.6
Net profit	158	196	347	83.5	65.4	280	109	99.6	91.6	116	63.3	127	139	190	16.1	75.2	64.8	79.1	40.7	17	2.7	24.9	88.1	88.3	47.6	120	112	66.6
Net margin	19.3%	21.1%	28.7%	9.1%	7.5%	27.7%	14.2%	14.5%	14.7%	14.3%	7.3%	16.1%	17.0%	21.6%	1.9%	9.5%	8.0%	9.7%	5.9%	2.6%	0.4%	2.2%	10.4%	12.8%	10.0%	13.8%	12.4%	9.1%
EPS (₹)	2.81	3.47	6.18	1.49	1.16	4.98	1.94	1.77	1.63	2.05	1.13	2.27	2.47	3.38	0.29	1.34	1.15	1.41	0.72	0.30	0.05	0.45	1.39	1.40	0.75	1.90	1.77	1.05
Net profit YoY	+141.5%	−30.1%	+219.3%	−16.2%	−28.6%	+142.2%	+71.6%	−21.8%	−34.1%	−39.3%	+293.1%	+69.6%	+114.3%	+140.3%	−60.4%	+341.0%	+2316.7%	+217.4%	−53.8%	−80.7%	−94.4%	−79.2%	−21.2%	+32.6%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20
Revenue from operations	3,928	3,088	3,281	3,330	2,913	3,144	3,237
Other income	195	160	219	164	130	189	256
Total expenses	3,276	2,618	3,022	3,049	2,593	2,822	2,809
EBITDA	696	512	297	308	344	350	453
EBITDA margin	17.7%	16.6%	9.1%	9.3%	11.8%	11.1%	14.0%
Finance costs	2.1	2.7	3	1.5	1	3.7	1.7
Depreciation	41.7	39.6	35	25.7	23.6	23.7	24
Profit before tax	847	630	478	446	449	356	683
Tax	203	158	118	101	107	94.9	249
Net profit	692	580	445	346	140	249	424
Net margin	17.6%	18.8%	13.6%	10.4%	4.8%	7.9%	13.1%
EPS (₹)	12.30	10.32	7.92	6.16	2.48	3.99	6.71
Net profit YoY	+19.3%	+30.2%	+28.6%	+148.2%	−43.9%	−41.3%	–

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	319	109	222	−113	48.3
Investing cash flow	−101	−36.1	145	322	61.3
Financing cash flow	−269	−185	−180	−176	−149
Capital expenditure	69	41.9	34	34.7	25.7
Free cash flow (CFO − capex)	250	67.3	188	−147	22.6

Net profit trend

annual, ₹ crore

FY21

₹249

FY22

₹140−44%

FY23

₹346+148%

FY24

₹445+29%

FY25

₹580+30%

FY26

₹692+19%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	13 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	13 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	22 May 2026	PDF XBRL
Q4 FY26	Standalone · audited	22 May 2026	PDF XBRL
Q3 FY26	Consolidated	12 Feb 2026	PDF XBRL
Q3 FY26	Standalone	12 Feb 2026	PDF XBRL
Q2 FY26	Consolidated	14 Nov 2025	PDF XBRL
Q2 FY26	Standalone	14 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	13 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	13 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2619.99 MB FY2516.68 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)22.6×

P/B5.64×

ROEFY26, on average equity23.8%

Net margin17.6%

Debt / equity0.00×

Revenue CAGR (3Y)5.7%

Profit CAGR (3Y)25.9%

EPS (TTM)₹13.95

Market cap₹17,741 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₹5,869 Cr+11%

Net worth₹3,146 Cr+18%

Total borrowings₹0 Cr

Cash & bank balances₹88 Cr−37%

Investments₹1,108 Cr+17%

Inventories₹1 Cr−25%

Trade receivables₹479 Cr+8%

Trade payables₹587 Cr+23%

Change vs the same date a year earlier.

Revenue mix FY26

Turnkey Projects52.6%result ₹356 Cr

Consultancy & Engineering Projects47.4%result ₹455 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32
FII	9.17	9.66	7.74	7.00	7.13	6.75	6.89	7.32	7.26	7.00	7.60	7.89
DII	14.22	12.19	13.38	13.75	14.30	10.77	10.58	11.02	13.91	13.59	15.52	17.19
of which MF	12.55	10.57	11.41	11.52	11.44	–	–	–	–	–	–	–
Retail	20.86	22.27	23.13	23.59	22.92	26.68	26.67	25.73	22.73	23.50	20.98	20.25
Other public	4.43	4.56	4.43	4.34	4.33	4.48	4.54	4.61	4.78	4.59	4.58	3.35

3,90,132 shareholders · NSE shareholding pattern filings.