Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q3 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 | Q4 FY20 | Q3 FY20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,370 | 1,460 | 1,449 | 1,146 | 1,160 | 1,269 | 1,225 | 1,064 | 1,120 | 1,155 | 1,118 | 995 | 1,002 | 965 | 918 | 80,580 | 853 | 691 | 540 | 224 | 88.6 | 131 | 587 | 716 |
| Other income | 71.3 | 66.7 | 69.9 | 62.7 | 60.7 | 61.2 | 56.3 | 59.8 | 51.3 | 32.6 | 45.6 | 47.1 | 39.2 | 39.3 | 30.8 | 2,599 | 24.4 | 25.8 | 16.3 | 20.9 | 20.2 | 25.1 | 19.9 | 19 |
| Total expenses | 1,000 | 1,080 | 1,001 | 758 | 779 | 903 | 824 | 707 | 762 | 813 | 743 | 647 | 677 | 656 | 608 | 52,433 | 548 | 430 | 275 | 141 | 104 | 186 | 398 | 465 |
| EBITDA | 387 | 399 | 465 | 404 | 397 | 385 | 417 | 373 | 375 | 363 | 394 | 367 | 343 | 325 | 326 | 30,487 | 321 | 277 | 279 | 94.6 | −5.6 | −43.9 | 202 | 266 |
| EBITDA margin | 28.2% | 27.3% | 32.1% | 35.3% | 34.3% | 30.4% | 34.0% | 35.1% | 33.5% | 31.4% | 35.2% | 36.8% | 34.2% | 33.6% | 35.5% | 37.8% | 37.6% | 40.1% | 51.7% | 42.2% | -6.3% | -33.4% | 34.4% | 37.1% |
| Finance costs | 4.3 | 4.8 | 4.6 | 4.4 | 4.5 | 7.8 | 3.2 | 3.1 | 2.8 | 5.3 | 4.8 | 4.4 | 4.1 | 3.9 | 4.9 | 483 | 2.5 | 3 | 2.2 | 1.4 | 1.3 | 1.7 | 2.9 | 2 |
| Depreciation | 12.4 | 14 | 12.3 | 11.4 | 11.9 | 12.3 | 13.3 | 13.1 | 13.9 | 15.6 | 13.9 | 14 | 13.7 | 11.2 | 10.4 | 1,857 | 13.6 | 13 | 11.8 | 9.6 | 8.9 | 9 | 10.4 | 12.3 |
| Profit before tax | 441 | 447 | 529 | 457 | 442 | 472 | 457 | 417 | 412 | 382 | 406 | 395 | 312 | 375 | 343 | 30,746 | 329 | 283 | 282 | 104 | 46.7 | −29.4 | 209 | 270 |
| Tax | 111 | 120 | 135 | 115 | 111 | 114 | 115 | 109 | 104 | 97.9 | 106 | 101 | 80.3 | 95.8 | 87.1 | 8,143 | 83.8 | 69.4 | 72.7 | 26.3 | 14 | −4.8 | 58.4 | 64.6 |
| Net profit | 330 | 327 | 394 | 342 | 330 | 358 | 341 | 308 | 308 | 284 | 300 | 295 | 232 | 279 | 256 | 22,603 | 246 | 214 | 209 | 78.1 | 32.6 | −24.6 | 151 | 206 |
| Net margin | 24.1% | 22.4% | 27.2% | 29.8% | 28.5% | 28.2% | 27.9% | 28.9% | 27.5% | 24.6% | 26.8% | 29.6% | 23.2% | 28.9% | 27.8% | 28.1% | 28.8% | 30.9% | 38.7% | 34.8% | 36.9% | -18.7% | 25.7% | 28.7% |
| EPS (₹) | 4.12 | 4.08 | 4.93 | 4.27 | 4.13 | 4.47 | 4.27 | 3.85 | 3.85 | 3.55 | 3.75 | 3.68 | 2.90 | 3.48 | 3.19 | 2.82 | 3.07 | 2.67 | 2.61 | 4.88 | 2.04 | -1.54 | 9.41 | 12.86 |
| Net profit YoY | −0.2% | −8.8% | +15.6% | +11.1% | +7.4% | +25.9% | +13.7% | +4.5% | +32.5% | +2.0% | +17.4% | −98.7% | −5.4% | +30.4% | +22.4% | – | – | – | +167.4% | −62.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY20 |
|---|---|---|---|---|---|---|
| Revenue from operations | 5,215 | 4,675 | 4,270 | 3,541 | 1,879 | 2,275 |
| Other income | 260 | 229 | 164 | 120 | 72.8 | 78.1 |
| Total expenses | 3,617 | 3,194 | 2,880 | 2,335 | 1,059 | 1,609 |
| EBITDA | 1,666 | 1,550 | 1,466 | 1,276 | 880 | 713 |
| EBITDA margin | 31.9% | 33.2% | 34.3% | 36.0% | 46.8% | 31.4% |
| Finance costs | 18.2 | 16.9 | 18.6 | 16.1 | 11.1 | 7.3 |
| Depreciation | 49.6 | 52.6 | 57.2 | 53.7 | 47.8 | 39.9 |
| Profit before tax | 1,875 | 1,757 | 1,496 | 1,354 | 890 | 745 |
| Tax | 482 | 442 | 385 | 348 | 226 | 217 |
| Net profit | 1,393 | 1,315 | 1,111 | 1,006 | 664 | 529 |
| Net margin | 26.7% | 28.1% | 26.0% | 28.4% | 35.3% | 23.2% |
| EPS (₹) | 17.42 | 16.43 | 13.89 | 12.57 | 8.30 | 33.04 |
| Net profit YoY | +6.0% | +18.3% | +10.5% | +51.6% | – | – |
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 | 1,274 | 834 | 882 | 669 | 331 |
| Investing cash flow | −447 | −239 | −215 | −174 | −49.2 |
| Financing cash flow | −787 | −910 | −404 | −434 | −258 |
| Capital expenditure | 77.9 | 47.6 | 232 | 239 | 21.9 |
| Free cash flow (CFO − capex) | 1,196 | 786 | 650 | 430 | 309 |
Net profit trend
annual, ₹ croreFY20
₹529
FY22
₹664+26%
FY23
₹1,006+52%
FY24
₹1,111+10%
FY25
₹1,315+18%
FY26
₹1,393+6%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 46.3×26.3×
P/B5Y avg 15.03×8.52×
ROEFY26, on average equity35.0%
Net margin26.7%
Debt / equity0.00×
Revenue CAGR (3Y)13.8%
Profit CAGR (3Y)11.5%
EPS (TTM)₹17.41
Market cap₹36,696 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
8.52×
vs 8-point avg 15.03× (−43%)
0.25× low15.03× avg23.03× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹7,579 Cr+11%
Net worth₹4,308 Cr+18%
Total borrowings₹0 Cr
Cash & bank balances₹410 Cr+9%
Investments₹25 Cr+0%
Inventories₹14 Cr+21%
Trade receivables₹1,883 Cr+9%
Trade payables₹767 Cr−26%
Change vs the same date a year earlier.
Revenue mix FY26
Catering45.8%result ₹250 Cr
Internet Ticketing29.3%result ₹1,268 Cr
Tourism17.0%result ₹128 Cr
Railneer7.8%result ₹55.7 Cr
Segment revenue as reported, before inter-segment eliminations.