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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	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
Revenue from operations	327	470	456	732	407	414	458	617	388	605	454	607	320	414	413	311	444	274	351	392	6.4	611	848	608	932	648	668
Other income	30.7	0.1	10.8	19.9	37.7	2.3	−0.2	169	17.3	103	15.4	5.2	4.5	12.8	12	6	3.6	10.2	21.8	7.8	9.4	−0.7	11.1	7.6	−72.8	39.3	42
Total expenses	262	439	449	371	340	75.4	363	509	365	425	397	92.4	452	598	146	530	350	563	930	1,274	681	1,471	977	1,059	1,368	682	701
EBITDA	189	156	130	489	193	493	247	265	178	337	224	681	29.9	−4.3	447	−33.8	313	−41.2	−314	−605	−393	−557	186	−132	−100	347	364
EBITDA margin	57.7%	33.2%	28.6%	66.8%	47.3%	119.2%	53.9%	42.9%	45.8%	55.6%	49.4%	112.1%	9.4%	-1.0%	108.2%	-10.9%	70.5%	-15.0%	-89.5%	-154.2%	-6172.2%	-91.2%	22.0%	-21.6%	-10.8%	53.6%	54.5%
Finance costs	104	102	103	107	104	134	131	135	135	136	146	145	144	162	162	168	201	234	248	260	264	286	297	301	316	357	379
Depreciation	20.2	22.6	20.7	20.9	21.4	20.6	20.9	21.8	20.1	20.7	21.3	20.9	18	18.3	17.8	17.3	17.8	14.7	16.4	17.5	18.5	17	18.1	18.7	19.4	23.8	18.5
Profit before tax	95.9	27.4	12.6	381	103	340	94.4	275	40.4	287	71.1	520	−128	−172	279	−214	99.3	−279	−560	−874	−663	−861	−118	−443	−513	5.5	8
Tax	35.7	−6.7	−8.3	64.1	40.4	79.1	103	89.9	128	130	31.8	347	1.3	68.9	70.3	−17.7	129	406	−115	−182	186	−143	−74.3	−142	71.6	−330	−24.3
Net profit	60.3	34.1	20.8	317	62.4	260	−8.7	185	−88	157	39.3	173	−129	−241	209	−197	−29.8	−685	−445	−692	−849	−718	−43.3	−301	−584	335	32.3
Net margin	18.4%	7.2%	4.6%	43.3%	15.3%	63.0%	-1.9%	30.0%	-22.7%	26.0%	8.7%	28.5%	-40.4%	-58.3%	50.6%	-63.3%	-6.7%	-250.0%	-126.6%	-176.6%	-13348.6%	-117.6%	-5.1%	-49.5%	-62.7%	51.8%	4.8%
EPS (₹)	0.12	0.05	-0.06	0.53	0.15	0.87	-0.12	0.32	-0.41	0.54	0.07	0.39	-0.56	-1.16	0.78	-0.99	0.29	-3.46	-2.37	-3.44	-4.51	-3.84	-0.31	-1.59	-3.38	1.94	0.14
Net profit YoY	−3.5%	−86.9%	+338.2%	+71.7%	+171.0%	+65.5%	−122.2%	+7.0%	+32.0%	+165.2%	–	−17.4%	+34.3%	−708.2%	+147.0%	+71.6%	+96.5%	+4.6%	−927.1%	−129.8%	−45.3%	−314.1%	−234.0%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20
Revenue from operations	2,069	1,876	1,987	1,485	1,552	2,066	2,874
Other income	65.4	188	128	33.7	43.4	27.5	31.8
Total expenses	1,599	1,312	1,367	1,492	3,118	4,181	2,996
EBITDA	972	1,182	1,272	709	−556	−895	1,411
EBITDA margin	47.0%	63.0%	64.0%	47.7%	-35.8%	-43.3%	49.1%
Finance costs	416	535	571	642	943	1,147	1,451
Depreciation	85.7	83.3	80.9	73.9	66.4	72.4	81.3
Profit before tax	524	749	751	26.1	−1,523	−2,085	−94.2
Tax	89.5	400	510	146	238	−173	129
Net profit	435	349	241	−120	−1,761	−1,912	−223
Net margin	21.0%	18.6%	12.1%	-8.1%	-113.5%	-92.5%	-7.8%
EPS (₹)	0.69	0.65	0.42	-0.95	-8.71	-10.24	-1.36
Net profit YoY	+24.7%	+44.6%	+301.2%	+93.2%	+7.9%	−756.4%	–

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	280	−984	11.9	−336	−255
Investing cash flow	24.6	−69.7	−155	−59	−31.1
Financing cash flow	−149	415	404	465	73.2
Capital expenditure	26.6	−19.9	44	64.5	23.3
Free cash flow (CFO − capex)	253	−1,004	−32.1	−400	−279

Net profit trend

annual, ₹ crore

FY21

₹−1,912

FY22

₹−1,761+8%

FY23

₹−120+93%

FY24

₹241+301%

FY25

₹349+45%

FY26

₹435+25%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	11 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	11 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	28 Apr 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	28 Apr 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	29 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	29 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	11 Nov 2025	PDF XBRL
Q2 FY26	Standalone	11 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	8 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2613.23 MB FY258.27 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 35.8×46.1×

P/B5Y avg 1.36×2.23×

ROEFY26, on average equity4.9%

Net margin21.0%

Debt / equity0.00×

Revenue CAGR (3Y)11.7%

Profit CAGR (3Y)–

EPS (TTM)₹1.61

Market cap₹19,924 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

2.23×

vs 9-point avg 1.36× (+63%)

0.40× low1.36× avg3.04× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹26,570 Cr+3%

Net worth₹8,944 Cr+3%

Total borrowings₹6 Cr−38%

Cash & bank balances₹816 Cr+24%

Investments₹15,081 Cr−2%

Inventories₹68 Cr−0%

Trade receivables₹196 Cr−7%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Feb 25	Dec 24	Sept 24	Jun 24	Apr 24	Mar 24
Promoter	72.57	72.57	72.57	72.57	72.57	72.57	72.57	71.72	71.72	71.72	70.32	70.32
FII	3.51	2.65	2.58	2.60	2.51	2.73	2.64	2.60	2.54	2.40	2.42	2.29
DII	1.66	1.65	1.63	1.63	1.62	1.61	1.60	1.65	1.67	1.93	2.03	2.03
of which MF	0.15	0.14	0.12	0.12	0.11	–	–	–	–	–	–	–
Retail	17.56	18.38	18.38	18.34	18.13	17.85	18.52	19.18	19.29	18.60	18.96	18.63
Other public	4.70	4.75	4.84	4.86	5.17	5.24	4.67	4.85	4.78	5.35	6.27	6.73

9,57,179 shareholders · NSE shareholding pattern filings.