Quarterly results
standalone · 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 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,836 | 1,637 | 1,701 | 1,538 | 1,330 | 1,153 | 1,074 | 1,108 | 958 | 914 | 839 | 698 | 718 | 703 | 777 | 701 | 593 | 662 | 914 | 852 | 638 | 904 | 1,034 | 871 | 643 | 664 | 940 | 821 | 734 | 895 | 1,168 | 993 | 1,162 | 814 |
| Other income | 41.8 | 37.2 | 18.8 | 18.6 | 16.3 | 21.1 | 25.8 | 3.9 | 11.8 | 5.7 | −4.3 | 9.1 | 12 | 3.7 | −6.7 | 28.3 | 8.7 | 23.9 | 1.4 | 0.2 | 0.3 | 29.8 | 22.8 | 5.7 | 7.5 | 34.3 | 12.3 | 11.1 | 1.8 | 5.6 | 9.7 | 23.8 | 19.2 | 67 |
| Total expenses | 1,391 | 1,211 | 1,260 | 1,156 | 956 | 918 | 910 | 918 | 790 | 818 | 762 | 657 | 691 | 702 | 756 | 719 | 591 | 831 | 915 | 862 | 664 | 885 | 1,008 | 863 | 676 | 933 | 1,002 | 856 | 729 | 861 | 1,089 | 937 | 1,055 | 839 |
| EBITDA | 461 | 445 | 455 | 396 | 388 | 252 | 180 | 205 | 182 | 111 | 96.6 | 60.6 | 50.8 | 27.9 | 45.8 | 5.4 | 22.4 | −159 | 29.2 | 19.9 | 1.4 | 44.6 | 57.5 | 42.8 | 0.3 | −236 | −25.6 | 3.9 | 42.4 | 77 | 113 | 92.1 | 144 | 11.9 |
| EBITDA margin | 25.1% | 27.2% | 26.7% | 25.8% | 29.1% | 21.9% | 16.7% | 18.5% | 19.0% | 12.1% | 11.5% | 8.7% | 7.1% | 4.0% | 5.9% | 0.8% | 3.8% | -24.1% | 3.2% | 2.3% | 0.2% | 4.9% | 5.6% | 4.9% | 0.0% | -35.5% | -2.7% | 0.5% | 5.8% | 8.6% | 9.6% | 9.3% | 12.4% | 1.5% |
| Finance costs | 3.4 | 7 | 2.8 | 2.2 | 2.8 | 5.7 | 3.9 | 2.8 | 2 | 3.2 | 7 | 6.9 | 11.3 | 12.7 | 11.8 | 9.7 | 7.8 | −0.6 | 14 | 14.2 | 11 | 8.5 | 14.7 | 18.9 | 17.3 | 15.8 | 18.7 | 17.5 | 16.3 | 22.6 | 14.1 | 14.3 | 15.5 | 14.1 |
| Depreciation | 12.1 | 12.1 | 11.6 | 11.6 | 11.1 | 11.5 | 11.7 | 12.1 | 12.1 | 12.3 | 12.4 | 12.6 | 12.8 | 14.6 | 13.9 | 13.9 | 13 | 10.2 | 16.2 | 15.5 | 16 | 16.5 | 16.1 | 16.5 | 16.7 | 17.5 | 17.9 | 21.1 | 22 | 19.8 | 20.2 | 21.5 | 21.7 | 22.9 |
| Profit before tax | 487 | 469 | 390 | 401 | 390 | 256 | 190 | 194 | 180 | 101 | 73 | 50.3 | 38.6 | −0.1 | 12.4 | 4.3 | 10.3 | −35 | 0.4 | −9.7 | −25.3 | 27 | 75.4 | 13.2 | −26.2 | −235 | −49.8 | −77.2 | 6 | 40.2 | 88 | 80.1 | 126 | 41.9 |
| Tax | 124 | 117 | 98.9 | 102 | 98.8 | 69.6 | 47.2 | 49.1 | 45.4 | 34.9 | 23.6 | 13.1 | −10.4 | 15.2 | 7.6 | 1.5 | 3.9 | 12.5 | 0.5 | −1.9 | −6 | 10.9 | 19.5 | 4.5 | −5.9 | −47.6 | −12.1 | 3.9 | 2.7 | 14.1 | 35 | 28.7 | 44.2 | 14.1 |
| Net profit | 363 | 352 | 291 | 299 | 291 | 186 | 143 | 145 | 135 | 66.3 | 49.4 | 37.2 | 49 | −15.4 | 4.7 | 2.8 | 6.4 | −47.4 | −0.1 | −7.7 | −19.3 | 16.1 | 55.9 | 8.6 | −20.3 | −187 | −37.7 | −81.1 | 3.4 | 26.1 | 53.1 | 51.5 | 82.1 | 27.8 |
| Net margin | 19.8% | 21.5% | 17.1% | 19.5% | 21.9% | 16.2% | 13.3% | 13.1% | 14.0% | 7.3% | 5.9% | 5.3% | 6.8% | -2.2% | 0.6% | 0.4% | 1.1% | -7.2% | -0.0% | -0.9% | -3.0% | 1.8% | 5.4% | 1.0% | -3.2% | -28.2% | -4.0% | -9.9% | 0.5% | 2.9% | 4.5% | 5.2% | 7.1% | 3.4% |
| EPS (₹) | 14.18 | 13.74 | 11.36 | 11.70 | 11.37 | 7.28 | 5.57 | 5.65 | 5.25 | 2.59 | 1.93 | 1.45 | 1.10 | -0.60 | 0.19 | 0.11 | 0.25 | -0.88 | 0.00 | -0.30 | -0.75 | 0.63 | 2.18 | 0.34 | -0.79 | -7.31 | -1.47 | -3.17 | 0.13 | 1.02 | 2.07 | 2.02 | 3.20 | 1.10 |
| Net profit YoY | +24.7% | +88.6% | +103.8% | +107.1% | +116.4% | +181.3% | +189.1% | +289.1% | +174.5% | +531.9% | +941.1% | +1246.7% | +670.8% | +67.6% | +4840.0% | +135.7% | +133.0% | −394.4% | −100.2% | −189.8% | +5.2% | +108.6% | +248.2% | +110.6% | −703.0% | −817.2% | −171.1% | −257.5% | −95.9% | −6.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6,206 | 4,292 | 3,168 | 2,773 | 3,066 | 3,452 | 3,159 | 4,219 | 4,386 |
| Other income | 90.8 | 62.6 | 22.6 | 33.9 | 25.7 | 65.8 | 59.5 | 58.3 | 240 |
| Total expenses | 4,584 | 3,535 | 2,927 | 2,769 | 3,271 | 3,432 | 3,520 | 3,943 | 4,307 |
| EBITDA | 1,684 | 819 | 319 | 102 | −109 | 145 | −215 | 426 | 257 |
| EBITDA margin | 27.1% | 19.1% | 10.1% | 3.7% | -3.6% | 4.2% | -6.8% | 10.1% | 5.9% |
| Finance costs | 14.8 | 14.3 | 28.3 | 42 | 38.7 | 59.4 | 68.2 | 66.4 | 88.3 |
| Depreciation | 46.4 | 47.3 | 50.2 | 55.4 | 57.9 | 65.7 | 78.4 | 83.2 | 89.9 |
| Profit before tax | 1,650 | 820 | 263 | 26.8 | −69.5 | 89.3 | −356 | 335 | 319 |
| Tax | 416 | 211 | 82 | 28.2 | 19.9 | 29 | −53.1 | 122 | 110 |
| Net profit | 1,233 | 608 | 181 | −1.5 | −89.3 | 60.3 | −303 | 213 | 209 |
| Net margin | 19.9% | 14.2% | 5.7% | -0.1% | -2.9% | 1.7% | -9.6% | 5.0% | 4.8% |
| EPS (₹) | 48.16 | 23.76 | 7.07 | -0.06 | -1.94 | 2.36 | -11.82 | 8.31 | 8.20 |
| Net profit YoY | +102.7% | +236.0% | +12251.0% | +98.3% | −248.1% | +119.9% | −242.3% | +1.9% | – |
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 | 1,710 | 904 | 518 | −37.3 | 8.2 |
| Investing cash flow | −511 | −496 | −172 | 3 | 116 |
| Financing cash flow | −147 | −69.1 | −259 | 8.6 | −102 |
| Capital expenditure | 188 | 87.4 | 29.2 | 16.4 | 24.9 |
| Free cash flow (CFO − capex) | 1,521 | 816 | 489 | −53.8 | −16.6 |
Net profit trend
annual, ₹ croreFY21
₹60.3
FY22
₹−89.3−248%
FY23
₹−1.5+98%
FY24
₹181+12251%
FY25
₹608+236%
FY26
₹1,233+103%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 5 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 18 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 28 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 3 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 29 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone | 23 May 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 5 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 8 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 31 Jul 2024 | PDF on NSE XBRL |
| Q4 FY24 | Standalone · audited | 22 May 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 87.1×84.0×
P/B5Y avg 19.75×40.74×
ROEFY26, on average equity55.3%
Net margin19.9%
Debt / equity0.00×
Revenue CAGR (3Y)30.8%
Profit CAGR (3Y)–
EPS (TTM)₹50.97
Market cap₹1.1L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
40.74×
vs 8-point avg 19.75× (+106%)
2.85× low19.75× avg40.74× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹7,739 Cr+66%
Net worth₹2,690 Cr+52%
Total borrowings₹0 Cr
Cash & bank balances₹1,525 Cr+224%
Investments₹0 Cr
Inventories₹1,228 Cr+75%
Trade receivables₹2,172 Cr+48%
Trade payables₹1,580 Cr+54%
Change vs the same date a year earlier.