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 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,515 | 13,942 | 7,699 | 6,629 | 4,819 | 13,700 | 6,957 | 5,976 | 4,348 | 14,769 | 6,061 | 5,636 | 3,915 | 12,495 | 5,666 | 5,145 | 3,622 | 11,561 | 5,551 | 1,616 | 10,739 | 5,425 | 4,854 | 1,737 | 10,239 | 4,456 | 3,451 | 3,291 | 9,069 |
| Other income | 900 | 1,151 | 914 | 888 | 747 | 652 | 631 | 542 | 736 | 557 | 460 | 469 | 410 | 722 | 497 | 259 | 192 | 501 | 137 | 150 | 132 | 91.5 | 88 | 47.3 | 160 | 33.2 | 41 | 59.7 | 186 |
| Total expenses | 4,293 | 9,522 | 6,139 | 5,297 | 3,722 | 9,150 | 5,552 | 4,514 | 3,506 | 9,543 | 4,838 | 4,458 | 3,240 | 10,360 | 4,951 | 3,776 | 3,005 | 9,486 | 4,555 | 1,500 | 8,710 | 4,449 | 4,115 | 1,568 | 8,380 | 3,855 | 3,017 | 2,637 | 7,391 |
| EBITDA | 1,527 | 5,059 | 1,871 | 1,558 | 1,282 | 5,295 | 1,683 | 1,640 | 991 | 5,901 | 1,435 | 1,528 | 877 | 3,246 | 985 | 1,622 | 826 | 2,500 | 1,240 | 242 | 2,727 | 1,209 | 1,030 | 384 | 2,471 | 874 | 702 | 850 | 2,221 |
| EBITDA margin | 27.7% | 36.3% | 24.3% | 23.5% | 26.6% | 38.6% | 24.2% | 27.4% | 22.8% | 40.0% | 23.7% | 27.1% | 22.4% | 26.0% | 17.4% | 31.5% | 22.8% | 21.6% | 22.3% | 15.0% | 25.4% | 22.3% | 21.2% | 22.1% | 24.1% | 19.6% | 20.3% | 25.8% | 24.5% |
| Finance costs | 0.4 | 4.2 | 1 | 0.4 | 0.3 | 8.4 | 0.1 | 0 | 0.1 | 31.4 | 0.4 | 0.3 | 0 | 55.3 | 2.1 | 0.4 | 0.2 | 42.1 | 0.6 | 14.7 | 29.9 | 53.2 | 71.5 | 105 | 101 | 69.8 | 101 | 76.7 | 4 |
| Depreciation | 304 | 634 | 310 | 226 | 185 | 736 | 277 | 178 | 149 | 644 | 212 | 350 | 201 | 1,056 | 269 | 252 | 208 | 383 | 243 | 111 | 668 | 179 | 220 | 111 | 511 | 203 | 167 | 118 | 539 |
| Profit before tax | 2,123 | 5,571 | 2,474 | 2,220 | 1,844 | 5,202 | 2,037 | 2,011 | 1,578 | 5,783 | 1,683 | 1,647 | 1,085 | 2,857 | 1,212 | 1,628 | 809 | 2,576 | 1,133 | 266 | 2,162 | 1,068 | 826 | 216 | 2,019 | 646 | 481 | 816 | 1,864 |
| Tax | 545 | 1,388 | 620 | 558 | 471 | 1,242 | 602 | 512 | 147 | 1,486 | 428 | 415 | 275 | 12.5 | 57.8 | 409 | 202 | −528 | 290 | 69.4 | 545 | 215 | 211 | 66.2 | 794 | 189 | −140 | 254 | 738 |
| Net profit | 1,590 | 4,196 | 1,867 | 1,669 | 1,384 | 3,977 | 1,440 | 1,510 | 1,437 | 4,309 | 1,262 | 1,237 | 814 | 2,831 | 1,155 | 1,221 | 620 | 3,105 | 847 | 195 | 1,622 | 853 | 615 | 149 | 1,226 | 461 | 622 | 565 | 1,145 |
| Net margin | 28.8% | 30.1% | 24.2% | 25.2% | 28.7% | 29.0% | 20.7% | 25.3% | 33.1% | 29.2% | 20.8% | 21.9% | 20.8% | 22.7% | 20.4% | 23.7% | 17.1% | 26.9% | 15.3% | 12.0% | 15.1% | 15.7% | 12.7% | 8.6% | 12.0% | 10.3% | 18.0% | 17.2% | 12.6% |
| EPS (₹) | 23.77 | 62.74 | 27.91 | 24.96 | 20.69 | 59.46 | 21.53 | 22.59 | 21.49 | 64.43 | 18.86 | 18.49 | 24.35 | 84.67 | 34.55 | 36.52 | 18.55 | 92.86 | 25.32 | 5.82 | 48.50 | 25.52 | 18.40 | 4.45 | 36.66 | 13.78 | 18.59 | 16.89 | 34.24 |
| Net profit YoY | +14.9% | +5.5% | +29.6% | +10.5% | −3.7% | −7.7% | +14.1% | +22.1% | +76.5% | +52.2% | +9.2% | +1.3% | +31.3% | −8.8% | – | +44.2% | +218.5% | +91.5% | +37.6% | +31.0% | +32.3% | +85.3% | −1.0% | −73.7% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 33,089 | 30,981 | 30,381 | 26,927 | 24,620 | 22,755 | 21,438 | 18,624 |
| Other income | 3,699 | 2,562 | 1,897 | 1,670 | 985 | 358 | 294 | 762 |
| Total expenses | 24,680 | 22,722 | 22,079 | 22,091 | 20,380 | 18,843 | 17,889 | 16,074 |
| EBITDA | 9,770 | 9,608 | 9,741 | 6,679 | 5,409 | 5,349 | 4,896 | 3,502 |
| EBITDA margin | 29.5% | 31.0% | 32.1% | 24.8% | 22.0% | 23.5% | 22.8% | 18.8% |
| Finance costs | 5.8 | 8.7 | 32.1 | 58 | 58.2 | 259 | 348 | 5.2 |
| Depreciation | 1,355 | 1,340 | 1,407 | 1,785 | 1,111 | 1,178 | 999 | 947 |
| Profit before tax | 12,108 | 10,827 | 10,198 | 6,507 | 5,225 | 4,272 | 3,962 | 3,312 |
| Tax | 3,036 | 2,503 | 2,604 | 682 | 145 | 1,038 | 1,096 | 1,252 |
| Net profit | 9,116 | 8,364 | 7,621 | 5,828 | 5,080 | 3,239 | 2,873 | 2,073 |
| Net margin | 27.5% | 27.0% | 25.1% | 21.6% | 20.6% | 14.2% | 13.4% | 11.1% |
| EPS (₹) | 136.30 | 125.07 | 113.95 | 174.28 | 151.92 | 96.87 | 85.92 | 58.58 |
| Net profit YoY | +9.0% | +9.8% | +30.8% | +14.7% | +56.8% | +12.7% | – | – |
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 | 10,906 | 13,643 | 8,223 | 8,830 | 10,033 |
| Investing cash flow | −8,337 | −10,771 | −6,410 | −5,728 | −12,760 |
| Financing cash flow | −3,350 | −2,579 | −1,999 | −1,731 | −1,349 |
| Capital expenditure | 1,485 | 930 | 916 | 782 | 799 |
| Free cash flow (CFO − capex) | 9,421 | 12,713 | 7,306 | 8,047 | 9,233 |
Net profit trend
annual, ₹ croreFY21
₹3,239
FY22
₹5,080+57%
FY23
₹5,828+15%
FY24
₹7,621+31%
FY25
₹8,364+10%
FY26
₹9,116+9%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated · audited | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone · audited | 12 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 · audited | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone · audited | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated · audited | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone · audited | 12 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated · audited | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone · audited | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 26.0×34.4×
P/B5Y avg 6.51×7.82×
ROEFY26, on average equity24.0%
Net margin27.5%
Debt / equity0.00×
Revenue CAGR (3Y)7.1%
Profit CAGR (3Y)16.1%
EPS (TTM)₹139.38
Market cap₹3.21L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
7.82×
vs 8-point avg 6.51× (+20%)
3.75× low6.51× avg9.48× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1.32L Cr+25%
Net worth₹41,041 Cr+17%
Total borrowings₹0 Cr
Cash & bank balances₹3,768 Cr−17%
Investments₹1,626 Cr+8%
Inventories₹30,851 Cr+42%
Trade receivables₹4,066 Cr−13%
Trade payables₹4,432 Cr−13%
Change vs the same date a year earlier.