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 | Q3 FY19 | Q2 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 34,579 | 33,981 | 33,872 | 31,942 | 30,349 | 30,246 | 29,890 | 28,862 | 28,057 | 28,499 | 28,446 | 26,672 | 26,296 | 26,606 | 26,700 | 24,686 | 23,464 | 22,597 | 22,331 | 20,655 | 20,068 | 19,641 | 19,302 | 18,594 | 17,842 | 18,587 | 18,135 | 17,527 | 16,427 | 15,699 | 14,860 | 13,178 |
| Other income | 361 | 322 | 385 | 415 | 456 | 449 | 477 | 456 | 1,103 | 416 | 370 | 365 | 344 | 453 | 260 | 236 | 409 | 317 | 255 | 240 | 255 | 244 | 189 | 199 | 295 | 147 | 157 | 102 | 183 | 134 | 284 | 302 |
| Total expenses | 28,832 | 28,601 | 27,792 | 26,655 | 25,616 | 24,960 | 24,235 | 23,631 | 23,453 | 23,646 | 22,942 | 21,909 | 21,944 | 21,864 | 21,588 | 20,338 | 19,536 | 18,593 | 18,156 | 16,794 | 16,223 | 16,518 | 15,012 | 14,648 | 14,275 | 14,849 | 14,606 | 14,151 | 13,679 | 12,663 | 11,938 | 10,604 |
| EBITDA | 6,870 | 6,712 | 7,412 | 6,545 | 6,035 | 6,482 | 6,860 | 6,369 | 5,793 | 6,117 | 6,787 | 5,929 | 5,365 | 5,863 | 6,365 | 5,425 | 4,975 | 5,053 | 5,393 | 5,022 | 5,062 | 4,549 | 5,624 | 5,118 | 4,757 | 4,858 | 4,629 | 4,259 | 3,570 | 3,632 | 3,463 | 3,022 |
| EBITDA margin | 19.9% | 19.8% | 21.9% | 20.5% | 19.9% | 21.4% | 23.0% | 22.1% | 20.6% | 21.5% | 23.9% | 22.2% | 20.4% | 22.0% | 23.8% | 22.0% | 21.2% | 22.4% | 24.2% | 24.3% | 25.2% | 23.2% | 29.1% | 27.5% | 26.7% | 26.1% | 25.5% | 24.3% | 21.7% | 23.1% | 23.3% | 22.9% |
| Finance costs | 84 | 240 | 205 | 215 | 209 | 156 | 166 | 131 | 191 | 171 | 140 | 156 | 86 | 94 | 116 | 79 | 64 | 65 | 82 | 83 | 89 | 159 | 147 | 80 | 125 | 124 | 158 | 136 | 87 | 55 | 30 | 19 |
| Depreciation | 1,039 | 1,092 | 1,127 | 1,043 | 1,093 | 1,040 | 1,039 | 1,007 | 998 | 1,093 | 1,143 | 1,010 | 927 | 1,027 | 1,137 | 998 | 983 | 984 | 1,136 | 1,078 | 1,128 | 1,267 | 1,187 | 1,092 | 1,065 | 996 | 942 | 747 | 735 | 541 | 511 | 429 |
| Profit before tax | 6,108 | 5,702 | 5,509 | 5,702 | 5,189 | 5,735 | 6,132 | 5,687 | 5,707 | 5,269 | 5,874 | 5,128 | 4,696 | 5,195 | 5,372 | 4,584 | 4,337 | 4,320 | 4,430 | 4,101 | 4,100 | 3,367 | 4,479 | 4,145 | 3,862 | 3,885 | 3,686 | 3,478 | 2,931 | 3,170 | 3,206 | 2,876 |
| Tax | 1,482 | 1,212 | 1,427 | 1,466 | 1,345 | 1,426 | 1,538 | 1,450 | 1,448 | 1,274 | 1,523 | 1,295 | 1,165 | 1,214 | 1,276 | 1,097 | 1,056 | 721 | 982 | 838 | 887 | 2,256 | 502 | 999 | 927 | 713 | 742 | 767 | 701 | 565 | 672 | 646 |
| Net profit | 4,626 | 4,490 | 4,082 | 4,236 | 3,844 | 4,309 | 4,594 | 4,237 | 4,259 | 3,995 | 4,351 | 3,833 | 3,531 | 3,981 | 4,096 | 3,487 | 3,281 | 3,599 | 3,448 | 3,263 | 3,213 | 1,111 | 3,977 | 3,146 | 2,935 | 3,172 | 2,944 | 2,711 | 2,230 | 2,605 | 2,534 | 2,230 |
| Net margin | 13.4% | 13.2% | 12.1% | 13.3% | 12.7% | 14.2% | 15.4% | 14.7% | 15.2% | 14.0% | 15.3% | 14.4% | 13.4% | 15.0% | 15.3% | 14.1% | 14.0% | 15.9% | 15.4% | 15.8% | 16.0% | 5.7% | 20.6% | 16.9% | 16.4% | 17.1% | 16.2% | 15.5% | 13.6% | 16.6% | 17.1% | 16.9% |
| EPS (₹) | 17.09 | 16.59 | 15.06 | 15.63 | 14.18 | 15.90 | 16.94 | 15.62 | 15.70 | 14.72 | 16.06 | 14.15 | 13.05 | 14.71 | 15.13 | 12.89 | 12.13 | 13.27 | 12.69 | 12.01 | 11.81 | 4.06 | 14.63 | 11.58 | 10.80 | 11.67 | 10.85 | 19.99 | 16.44 | 19.15 | 18.20 | 16.02 |
| Net profit YoY | +20.3% | +4.2% | −11.1% | −0.0% | −9.7% | +7.9% | +5.6% | +10.5% | +20.6% | +0.4% | +6.2% | +9.9% | +7.6% | +10.6% | +18.8% | +6.9% | +2.1% | +223.9% | −13.3% | +3.7% | +9.5% | −65.0% | +35.1% | +16.0% | +31.6% | – | +13.0% | +7.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,30,144 | 1,17,055 | 1,09,913 | 1,01,456 | 85,651 | 75,379 | 70,676 | 50,569 |
| Other income | 1,530 | 2,485 | 1,495 | 1,358 | 1,067 | 927 | 589 | 1,217 |
| Total expenses | 1,08,616 | 96,279 | 90,441 | 83,326 | 69,766 | 60,453 | 57,285 | 40,775 |
| EBITDA | 26,752 | 25,504 | 24,198 | 22,628 | 20,530 | 20,048 | 17,316 | 11,246 |
| EBITDA margin | 20.6% | 21.8% | 22.0% | 22.3% | 24.0% | 26.6% | 24.5% | 22.2% |
| Finance costs | 869 | 644 | 553 | 353 | 319 | 511 | 505 | 69 |
| Depreciation | 4,355 | 4,084 | 4,173 | 4,145 | 4,326 | 4,611 | 3,420 | 1,383 |
| Profit before tax | 22,102 | 23,261 | 20,967 | 19,488 | 16,951 | 15,853 | 13,980 | 11,011 |
| Tax | 5,450 | 5,862 | 5,257 | 4,643 | 3,428 | 4,684 | 2,923 | 2,302 |
| Net profit | 16,652 | 17,399 | 15,710 | 14,845 | 13,523 | 11,169 | 11,057 | 8,722 |
| Net margin | 12.8% | 14.9% | 14.3% | 14.6% | 15.8% | 14.8% | 15.6% | 17.2% |
| EPS (₹) | 61.46 | 64.16 | 57.99 | 54.85 | 49.77 | 41.07 | 40.75 | 62.23 |
| Net profit YoY | −4.3% | +10.8% | +5.8% | +9.8% | +21.1% | +1.0% | – | – |
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 | 19,975 | 22,261 | 22,448 | 18,009 | 16,900 |
| Investing cash flow | −1,473 | −4,914 | −6,723 | −3,931 | 1,477 |
| Financing cash flow | −19,369 | −18,561 | −15,464 | −15,881 | −14,508 |
| Capital expenditure | 1,422 | 1,108 | 1,048 | 1,661 | 1,645 |
| Free cash flow (CFO − capex) | 18,553 | 21,153 | 21,400 | 16,348 | 15,255 |
Net profit trend
annual, ₹ croreFY21
₹11,169
FY22
₹13,523+21%
FY23
₹14,845+10%
FY24
₹15,710+6%
FY25
₹17,399+11%
FY26
₹16,652−4%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 21 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 21 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 14 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)19.6×
P/B4.54×
ROEFY26, on average equity23.0%
Net margin12.8%
Debt / equity0.00×
Revenue CAGR (3Y)8.7%
Profit CAGR (3Y)3.9%
EPS (TTM)₹64.21
Market cap₹3.42L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹1.16L Cr+10%
Net worth₹75,165 Cr+8%
Total borrowings₹159 Cr−93%
Cash & bank balances₹8,265 Cr+0%
Investments₹7,090 Cr−6%
Inventories₹239 Cr+80%
Trade receivables₹31,541 Cr+22%
Trade payables₹7,706 Cr+24%
Change vs the same date a year earlier.
Revenue mix FY26
IT and Business Services73.6%result ₹15,390 Cr
Engineering and R&D Services16.9%result ₹3,703 Cr
HCL Software9.5%result ₹3,304 Cr
Segment revenue as reported, before inter-segment eliminations.