Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY19
| ₹ 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 | Q4 FY19 | Q3 FY19 | Q2 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,388 | 1,301 | 1,149 | 2,314 | 1,108 | 1,105 | 1,014 | 1,086 | 1,007 | 1,029 | 975 | 1,002 | 910 | 969 | 945 | 948 | 832 | 880 | 883 | 870 | 799 | 810 | 767 | 770 | 741 | 689 | 711 | 731 | 694 | 694 | 683 |
| Other income | 3.6 | 9 | 14.5 | 19.9 | 8 | 10.4 | 12.7 | 14 | 6.5 | 16.1 | 23.7 | 9.6 | 10 | 26.8 | 4.3 | 6.8 | 4.2 | 2.2 | 3.1 | 1.4 | 5.3 | 3 | 3.2 | 3.2 | 5.2 | 0.8 | 4.2 | 1.9 | 9.3 | 3.3 | 5.7 |
| Total expenses | 1,265 | 1,178 | 1,044 | 2,076 | 999 | 993 | 926 | 980 | 934 | 955 | 905 | 935 | 855 | 914 | 885 | 882 | 784 | 822 | 819 | 783 | 725 | 739 | 676 | 672 | 669 | 621 | 624 | 651 | 627 | 626 | 620 |
| EBITDA | 261 | 256 | 231 | 478 | 227 | 228 | 202 | 221 | 186 | 191 | 183 | 181 | 159 | 155 | 149 | 149 | 126 | 133 | 139 | 159 | 145 | 140 | 159 | 166 | 147 | 138 | 158 | 153 | 132 | 131 | 125 |
| EBITDA margin | 18.8% | 19.7% | 20.1% | 20.7% | 20.5% | 20.6% | 19.9% | 20.3% | 18.4% | 18.5% | 18.8% | 18.1% | 17.5% | 15.9% | 15.8% | 15.7% | 15.1% | 15.1% | 15.7% | 18.3% | 18.1% | 17.3% | 20.7% | 21.6% | 19.8% | 20.1% | 22.2% | 20.9% | 19.0% | 18.9% | 18.2% |
| Finance costs | 29.1 | 29.3 | 28.8 | 56.6 | 28.1 | 28.4 | 27.4 | 29.1 | 29 | 32.1 | 29.4 | 30.6 | 23.5 | 20.6 | 18.9 | 15.7 | 12.2 | 11.4 | 10.3 | 9.7 | 8.9 | 8.6 | 8.4 | 9.7 | 16.3 | 13 | 13.4 | 15.6 | 15.6 | 16.1 | 16 |
| Depreciation | 109 | 104 | 96.8 | 184 | 89.6 | 87.6 | 86.3 | 85.2 | 83.6 | 85 | 84.2 | 83.6 | 80 | 79 | 69.9 | 66.4 | 65.2 | 63.1 | 64.2 | 62.2 | 61.9 | 60.1 | 58.8 | 57.8 | 57.9 | 57.4 | 58 | 57.6 | 49.6 | 47 | 45 |
| Profit before tax | 126 | 116 | 108 | 258 | 117 | 119 | 101 | 120 | 79.7 | 29.4 | 93.5 | 76.4 | 65.5 | 81.8 | 64.5 | 73.3 | 51.3 | 60.8 | 67.3 | 88.9 | 79.4 | 74.1 | 94.5 | 102 | 61.5 | 68.8 | 90.7 | 60.9 | 75.5 | 72 | 69.4 |
| Tax | 28.3 | 12.3 | 23.7 | 50.7 | 15.9 | 7.3 | 6.4 | 30.1 | 13.9 | 15.2 | 7 | 25.4 | 10.6 | −2.7 | 1 | 24.9 | 14.1 | 10.7 | 8.2 | 29.7 | 18.9 | 15.5 | 22 | 33.4 | 15.9 | 19.7 | 28.9 | −0.1 | 25.3 | 25.6 | 20.5 |
| Net profit | 101 | 103 | 83.1 | 208 | 101 | 116 | 94.1 | 88.3 | 65.7 | 15.1 | 87.3 | 52.1 | 55.6 | 85.1 | 63 | 47.6 | 35 | 50.1 | 58.5 | 52.5 | 60.2 | 58.4 | 72.1 | 68.2 | 45.6 | 50 | 61.2 | 60.4 | 53.3 | 46.4 | 53.8 |
| Net margin | 7.2% | 7.9% | 7.2% | 9.0% | 9.2% | 10.5% | 9.3% | 8.1% | 6.5% | 1.5% | 9.0% | 5.2% | 6.1% | 8.8% | 6.7% | 5.0% | 4.2% | 5.7% | 6.6% | 6.0% | 7.5% | 7.2% | 9.4% | 8.9% | 6.2% | 7.3% | 8.6% | 8.3% | 7.7% | 6.7% | 7.9% |
| EPS (₹) | 3.08 | 3.22 | 2.55 | 6.39 | 3.13 | 3.58 | 2.93 | 2.73 | 2.02 | 0.70 | 2.71 | 1.58 | 1.71 | 2.65 | 1.98 | 1.46 | 1.06 | 1.54 | 1.81 | 1.61 | 1.83 | 1.80 | 2.25 | 2.12 | 1.41 | 1.54 | 1.91 | 1.88 | 1.66 | 1.44 | 1.69 |
| Net profit YoY | −0.8% | −10.7% | −11.7% | +135.0% | +54.3% | +666.2% | +7.8% | +69.5% | +18.2% | −82.3% | +38.6% | +9.5% | +58.9% | +69.9% | +7.7% | −9.3% | −41.9% | −14.2% | −18.9% | −23.0% | +32.0% | +16.9% | +17.8% | +12.9% | – | −6.2% | +32.0% | +12.3% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,763 | 4,213 | 3,916 | 3,694 | 3,433 | 3,092 | 2,760 | 2,707 |
| Other income | 43.4 | 43.6 | 59.4 | 42.1 | 12 | 14.5 | 13.4 | 28.5 |
| Total expenses | 4,297 | 3,834 | 3,650 | 3,464 | 3,148 | 2,758 | 2,488 | 2,455 |
| EBITDA | 966 | 836 | 714 | 578 | 576 | 611 | 557 | 499 |
| EBITDA margin | 20.3% | 19.8% | 18.2% | 15.6% | 16.8% | 19.8% | 20.2% | 18.4% |
| Finance costs | 115 | 114 | 116 | 67.4 | 40.3 | 42.9 | 55.7 | 61.3 |
| Depreciation | 385 | 343 | 333 | 281 | 251 | 235 | 230 | 186 |
| Profit before tax | 481 | 419 | 265 | 271 | 296 | 332 | 276 | 286 |
| Tax | 86.7 | 57.7 | 58.2 | 37.3 | 67.5 | 86.8 | 63.8 | 93.2 |
| Net profit | 394 | 364 | 210 | 231 | 221 | 244 | 212 | 195 |
| Net margin | 8.3% | 8.6% | 5.4% | 6.2% | 6.4% | 7.9% | 7.7% | 7.2% |
| EPS (₹) | 12.15 | 11.27 | 6.70 | 7.15 | 6.79 | 7.58 | 6.57 | 6.12 |
| Net profit YoY | +8.3% | +73.2% | −8.9% | +4.2% | −9.4% | +15.5% | +8.3% | – |
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 | 723 | 795 | 587 | 602 | 312 |
| Investing cash flow | −452 | −376 | −344 | −389 | −264 |
| Financing cash flow | −274 | −431 | −263 | −138 | −95.4 |
| Capital expenditure | 482 | 363 | 375 | 387 | 276 |
| Free cash flow (CFO − capex) | 241 | 432 | 212 | 215 | 36.2 |
Net profit trend
annual, ₹ croreFY21
₹244
FY22
₹221−9%
FY23
₹231+4%
FY24
₹210−9%
FY25
₹364+73%
FY26
₹394+8%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 11 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 11 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 14 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 14 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 21.1×15.4×
P/B5Y avg 2.84×2.67×
ROEFY26, on average equity15.1%
Net margin8.3%
Debt / equity0.25×
Revenue CAGR (3Y)8.8%
Profit CAGR (3Y)19.5%
EPS (TTM)₹15.43
Market cap₹7,631 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.67×
vs 8-point avg 2.84× (−6%)
2.30× low2.84× avg3.77× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹4,900 Cr+22%
Net worth₹2,858 Cr+21%
Total borrowings₹709 Cr+5%
Cash & bank balances₹197 Cr+3%
Investments₹15 Cr−63%
Inventories₹927 Cr+29%
Trade receivables₹871 Cr+25%
Trade payables₹768 Cr+29%
Change vs the same date a year earlier.
Revenue mix FY26
AMESA30.0%result ₹166 Cr
AMERICAS26.2%result ₹170 Cr
EAP22.6%result ₹191 Cr
EUROPE21.2%result ₹68.9 Cr
Segment revenue as reported, before inter-segment eliminations.