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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,018 | 3,771 | 3,901 | 6,047 | 3,264 | 3,256 | 3,388 | 3,434 | 3,244 | 3,063 | 2,507 | 3,207 | 3,402 | 3,374 | 3,464 | 3,375 | 2,777 | 3,019 | 3,173 | 3,147 | 2,965 | 2,860 | 2,787 | 2,952 | 2,345 | 2,767 | 2,736 | 2,815 | 2,323 | 2,563 | 2,555 | 2,581 | 2,280 |
| Other income | 65.8 | 189 | 44.5 | 201 | 26.4 | 11.7 | 31.1 | 39.4 | 31.5 | 773 | 45.4 | 1.7 | 20.9 | −40.2 | 76.4 | 97.4 | 183 | 107 | 13.9 | −13.1 | 58.6 | 8.5 | 15.1 | −31.9 | 58.5 | 44.1 | 33 | 80.8 | 1.7 | 39.1 | −109 | 140 | 69.6 |
| Total expenses | 3,441 | 3,199 | 3,227 | 3,895 | 2,872 | 2,887 | 2,962 | 3,001 | 2,813 | 2,859 | 2,997 | 3,008 | 3,037 | 3,025 | 3,103 | 2,992 | 2,552 | 2,774 | 2,666 | 2,749 | 2,580 | 2,531 | 2,467 | 2,584 | 2,074 | 2,527 | 2,498 | 2,549 | 2,165 | 2,362 | 2,292 | 2,309 | 2,101 |
| EBITDA | 805 | 763 | 870 | 2,360 | 581 | 561 | 600 | 602 | 588 | 504 | −209 | 462 | 631 | 605 | 620 | 622 | 432 | 463 | 693 | 590 | 574 | 523 | 530 | 553 | 478 | 466 | 440 | 450 | 342 | 364 | 435 | 440 | 327 |
| EBITDA margin | 20.0% | 20.2% | 22.3% | 39.0% | 17.8% | 17.2% | 17.7% | 17.5% | 18.1% | 16.5% | -8.3% | 14.4% | 18.6% | 17.9% | 17.9% | 18.4% | 15.5% | 15.3% | 21.8% | 18.8% | 19.3% | 18.3% | 19.0% | 18.7% | 20.4% | 16.8% | 16.1% | 16.0% | 14.7% | 14.2% | 17.0% | 17.0% | 14.3% |
| Finance costs | 54 | 42.6 | 41.4 | 66.5 | 58.2 | 66.7 | 52.3 | 48.5 | 39.6 | 149 | 134 | 121 | 112 | 109 | 97.3 | 83.1 | 60 | 86.9 | 66.7 | 68.9 | 75.6 | 83.3 | 95.4 | 80.6 | 93.7 | 98.5 | 96.1 | 89.8 | 93 | 81.9 | 88.5 | 85.1 | 74.4 |
| Depreciation | 173 | 148 | 154 | 141 | 130 | 125 | 123 | 120 | 118 | 151 | 147 | 141 | 155 | 147 | 162 | 156 | 147 | 132 | 119 | 123 | 113 | 111 | 115 | 104 | 113 | 126 | 106 | 94.2 | 90.7 | 81 | 83.1 | 82.5 | 73.5 |
| Profit before tax | 643 | 388 | 534 | 967 | 95.6 | 8 | 456 | 473 | 462 | 531 | −521 | −124 | 333 | −491 | 471 | 480 | 408 | 270 | 343 | 385 | 444 | 338 | 348 | 339 | 358 | 318 | 271 | 347 | 160 | 240 | 154 | 580 | 248 |
| Tax | 161 | 86.4 | 131 | 357 | 48.6 | 3.6 | 108 | 118 | 122 | 1,769 | −71.8 | 55.9 | 160 | −87.6 | 180 | 202 | 197 | 97.1 | 103 | 110 | 137 | 104 | 99.8 | 105 | 104 | 97.7 | 80.1 | 91.8 | 50.6 | 78.6 | 37.7 | 166 | 96.8 |
| Net profit | 483 | 301 | 403 | 610 | 47 | 4.4 | 348 | 354 | 340 | −1,214 | −331 | −63.6 | 173 | −403 | 291 | 279 | 211 | 173 | 240 | 275 | 307 | 234 | 248 | 234 | 254 | 220 | 191 | 256 | 109 | 162 | 116 | 414 | 152 |
| Net margin | 12.0% | 8.0% | 10.3% | 10.1% | 1.4% | 0.1% | 10.3% | 10.3% | 10.5% | -39.6% | -13.2% | -2.0% | 5.1% | -11.9% | 8.4% | 8.3% | 7.6% | 5.7% | 7.6% | 8.7% | 10.3% | 8.2% | 8.9% | 7.9% | 10.8% | 8.0% | 7.0% | 9.1% | 4.7% | 6.3% | 4.6% | 16.0% | 6.7% |
| EPS (₹) | 17.11 | 10.68 | 14.29 | 21.63 | 1.66 | 0.16 | 12.33 | 12.55 | 12.06 | -44.04 | -16.66 | -7.11 | 5.31 | -15.18 | 9.66 | 9.23 | 6.82 | 5.51 | 7.86 | 0.00 | 10.86 | 8.29 | 8.80 | 8.29 | 9.00 | 7.81 | 6.76 | 9.06 | 3.87 | 5.73 | 4.12 | 14.67 | 5.37 |
| Net profit YoY | +927.9% | +6773.2% | +15.9% | +72.2% | −86.2% | +100.4% | +205.2% | +657.8% | +96.5% | −201.2% | −213.8% | −122.8% | −18.0% | −333.6% | +21.3% | +1.4% | −31.1% | −26.2% | −3.4% | +17.4% | +20.7% | +6.2% | +30.0% | −8.4% | +132.5% | +36.3% | +64.0% | −38.3% | – | +6.6% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 16,983 | 13,322 | 11,813 | 12,990 | 12,305 | 10,944 | 10,641 | 9,865 | 9,103 |
| Other income | 461 | 114 | 840 | 317 | 167 | 50.2 | 160 | 208 | 91.4 |
| Total expenses | 13,192 | 11,663 | 11,716 | 11,673 | 10,769 | 9,656 | 9,737 | 8,940 | 8,075 |
| EBITDA | 4,572 | 2,351 | 1,195 | 2,278 | 2,320 | 2,084 | 1,698 | 1,586 | 1,615 |
| EBITDA margin | 26.9% | 17.7% | 10.1% | 17.5% | 18.9% | 19.0% | 16.0% | 16.1% | 17.7% |
| Finance costs | 209 | 207 | 516 | 350 | 298 | 353 | 377 | 335 | 286 |
| Depreciation | 573 | 486 | 582 | 611 | 487 | 444 | 417 | 326 | 302 |
| Profit before tax | 1,985 | 1,399 | 36.5 | 868 | 1,441 | 1,382 | 1,096 | 1,301 | 1,119 |
| Tax | 623 | 352 | 1,867 | 491 | 448 | 412 | 320 | 376 | 315 |
| Net profit | 1,362 | 1,047 | −1,434 | 377 | 994 | 970 | 776 | 925 | 804 |
| Net margin | 8.0% | 7.9% | -12.1% | 2.9% | 8.1% | 8.9% | 7.3% | 9.4% | 8.8% |
| EPS (₹) | 48.26 | 37.11 | -67.30 | 10.53 | 33.37 | 34.38 | 27.50 | 32.78 | 28.49 |
| Net profit YoY | +30.1% | +173.0% | −479.8% | −62.0% | +2.4% | +25.0% | −16.1% | +15.1% | – |
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 | 3,445 | −828 | −265 | 625 | 1,109 |
| Investing cash flow | −1,283 | 2.1 | 4,369 | −528 | −333 |
| Financing cash flow | −2,709 | 787 | −3,906 | −77.5 | −520 |
| Capital expenditure | 1,358 | 750 | 898 | 608 | 790 |
| Free cash flow (CFO − capex) | 2,087 | −1,577 | −1,164 | 17.6 | 319 |
Net profit trend
annual, ₹ croreFY21
₹970
FY22
₹994+2%
FY23
₹377−62%
FY24
₹−1,434−480%
FY25
₹1,047+173%
FY26
₹1,362+30%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 31 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 29 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 May 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 | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 14 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 40.1×37.4×
P/B5Y avg 3.82×6.39×
ROEFY26, on average equity14.1%
Net margin8.0%
Debt / equity0.00×
Revenue CAGR (3Y)9.3%
Profit CAGR (3Y)53.4%
EPS (TTM)₹63.71
Market cap₹67,164 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
6.39×
vs 8-point avg 3.82× (+67%)
1.15× low3.82× avg6.39× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹19,908 Cr+24%
Net worth₹10,512 Cr+19%
Total borrowings₹0 Cr−100%
Cash & bank balances₹1,175 Cr−30%
Investments₹42 Cr−25%
Inventories₹3,431 Cr+13%
Trade receivables₹4,963 Cr+49%
Trade payables₹3,744 Cr+45%
Change vs the same date a year earlier.