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 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q3 FY20 | Q2 FY20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 470 | 411 | 375 | 348 | 344 | 378 | 375 | 388 | 400 | 371 | 357 | 404 | 374 | 384 | 404 | 420 | 375 | 300 | 301 | 276 | 222 | 81.3 | 214 | 256 |
| Other income | 1.3 | 0.5 | 0.9 | 0.4 | 1.2 | 1 | 0.6 | 0.5 | 0.5 | 0.5 | 0.3 | 0.7 | 0.9 | 0.4 | 0.4 | 0.2 | 0.4 | 0 | 0 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Total expenses | 420 | 375 | 329 | 306 | 314 | 344 | 341 | 351 | 362 | 351 | 325 | 367 | 330 | 339 | 356 | 375 | 339 | 276 | 278 | 240 | 193 | 88.3 | 204 | 231 |
| EBITDA | 72.2 | 57.3 | 69.4 | 61.1 | 50.1 | 50.3 | 52.4 | 53 | 54.8 | 35.9 | 47.1 | 55 | 59.2 | 59.3 | 62.8 | 60 | 50.5 | 39.6 | 38.5 | 48.2 | 41.7 | 5.6 | 23.9 | 40.4 |
| EBITDA margin | 15.4% | 13.9% | 18.5% | 17.6% | 14.6% | 13.3% | 14.0% | 13.7% | 13.7% | 9.7% | 13.2% | 13.6% | 15.8% | 15.4% | 15.5% | 14.3% | 13.5% | 13.2% | 12.8% | 17.4% | 18.8% | 6.9% | 11.2% | 15.8% |
| Finance costs | 3.7 | 2.6 | 3.9 | 3.1 | 3.7 | 2.7 | 3.6 | 1.7 | 3.8 | 3.2 | 2.5 | 3 | 2.9 | 2.3 | 2.9 | 2.9 | 3 | 2.4 | 2.8 | 2.2 | 2.1 | 2.8 | 3.5 | 3.6 |
| Depreciation | 18.1 | 18.7 | 19 | 16.1 | 16.3 | 14.4 | 14.6 | 14.3 | 13.8 | 12.9 | 12.9 | 15.3 | 12.2 | 12.1 | 12.2 | 12.7 | 11.5 | 12.7 | 12.6 | 10.2 | 10.5 | 9.9 | 10.6 | 11.4 |
| Profit before tax | 51.8 | 36.5 | 47.4 | 42.4 | 31.4 | 34.2 | 34.8 | 37.5 | 37.8 | 20.3 | 32 | 37.4 | 45 | 45.3 | 48.2 | 44.7 | 36.4 | 24.5 | 23.1 | 36 | 29.4 | −6.7 | 10 | 25.7 |
| Tax | 13.5 | 5.7 | 15.4 | 11.2 | 8.4 | 8.7 | 9.5 | 9 | 10 | 3.6 | 9.5 | 9.8 | 11.9 | 11.3 | 12.4 | 11.3 | 9.4 | 6.4 | 6.4 | 9.4 | 6.5 | −0.1 | 2.4 | 3.4 |
| Net profit | 38.3 | 30.8 | 32 | 31.2 | 23 | 25.4 | 25.4 | 28.5 | 27.8 | 16.7 | 22.5 | 27.6 | 33.1 | 34 | 35.8 | 33.4 | 27 | 18.1 | 16.7 | 26.6 | 22.9 | −6.6 | 7.6 | 22.3 |
| Net margin | 8.1% | 7.5% | 8.5% | 9.0% | 6.7% | 6.7% | 6.8% | 7.4% | 6.9% | 4.5% | 6.3% | 6.8% | 8.9% | 8.9% | 8.9% | 8.0% | 7.2% | 6.0% | 5.5% | 9.7% | 10.3% | -8.1% | 3.6% | 8.7% |
| EPS (₹) | 8.93 | 7.18 | 7.44 | 7.27 | 5.35 | 5.93 | 5.91 | 6.64 | 6.47 | 3.90 | 5.23 | 6.43 | 15.43 | 15.85 | 16.67 | 15.55 | 12.59 | 8.44 | 7.77 | 12.41 | 10.68 | -3.07 | 3.55 | 10.38 |
| Net profit YoY | +66.5% | +21.1% | +26.0% | +9.3% | −17.2% | +52.0% | +12.9% | +3.4% | −16.2% | −50.8% | −37.2% | −17.3% | +22.6% | +87.8% | +114.6% | – | – | – | −37.4% | +249.1% | +2.9% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 1,478 | 1,540 | 1,506 | 1,583 | 1,270 |
| Other income | 3 | 2.6 | 2.4 | 1.4 | 0.6 |
| Total expenses | 1,324 | 1,398 | 1,374 | 1,410 | 1,150 |
| EBITDA | 238 | 211 | 197 | 233 | 181 |
| EBITDA margin | 16.1% | 13.7% | 13.1% | 14.7% | 14.2% |
| Finance costs | 13.3 | 11.9 | 11.5 | 11 | 11.2 |
| Depreciation | 70 | 57.1 | 53.3 | 48.5 | 49.7 |
| Profit before tax | 158 | 144 | 135 | 175 | 121 |
| Tax | 40.7 | 37.1 | 34.8 | 44.4 | 31.8 |
| Net profit | 117 | 107 | 100 | 130 | 88.8 |
| Net margin | 7.9% | 7.0% | 6.6% | 8.2% | 7.0% |
| EPS (₹) | 27.24 | 24.95 | 23.28 | 60.67 | 41.35 |
| Net profit YoY | +9.2% | +7.1% | −23.2% | +46.7% | – |
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 | 214 | 92.1 | 98.4 | 105 | 41.4 |
| Investing cash flow | −155 | −111 | −85.6 | −66.5 | −45.9 |
| Financing cash flow | −66.1 | 26.2 | −12.9 | −38.9 | 4.5 |
| Capital expenditure | 158 | 111 | 88.7 | 75.4 | 45.6 |
| Free cash flow (CFO − capex) | 55.8 | −18.8 | 9.7 | 30 | −4.2 |
Net profit trend
annual, ₹ croreFY22
₹88.8
FY23
₹130+47%
FY24
₹100−23%
FY25
₹107+7%
FY26
₹117+9%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 16 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 16 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 8 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 8 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 7 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 7 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 1 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 1 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF XBRL |
| Q1 FY26 | Consolidated | 26 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 14.0×20.1×
P/B5Y avg 1.99×2.64×
ROEFY26, on average equity12.3%
Net margin7.9%
Debt / equity0.18×
Revenue CAGR (3Y)-2.3%
Profit CAGR (3Y)-3.5%
EPS (TTM)₹30.80
Market cap₹2,652 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.64×
vs 8-point avg 1.99× (+33%)
1.41× low1.99× avg2.64× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,520 Cr+11%
Net worth₹1,004 Cr+12%
Total borrowings₹184 Cr−25%
Cash & bank balances₹1 Cr−93%
Investments₹0 Cr
Inventories₹248 Cr+28%
Trade receivables₹611 Cr−4%
Trade payables₹272 Cr+48%
Change vs the same date a year earlier.