Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY24
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,004 | 1,019 | 901 | 981 | 612 | 493 | 438 | 694 | 418 | 418 | 414 | 608 |
| Other income | 0.1 | 1.2 | 0.2 | 21 | 7 | 25.1 | 10.5 | 0.4 | 0 | 0.1 | 0.7 | 0 |
| Total expenses | 1,016 | 720 | 566 | 437 | 261 | 169 | 131 | 146 | 79.4 | 103 | 99 | 71.4 |
| EBITDA | 1,416 | 605 | 555 | 688 | 457 | 338 | 313 | 553 | 344 | 320 | 320 | 542 |
| EBITDA margin | 70.7% | 59.4% | 61.6% | 70.2% | 74.6% | 68.5% | 71.5% | 79.7% | 82.3% | 76.6% | 77.4% | 89.1% |
| Finance costs | 418 | 298 | 212 | 136 | 98.8 | 7.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 9.5 | 8 | 7.6 | 7.8 | 6.1 | 5.8 | 5.8 | 5.6 | 5.4 | 5.4 | 5.4 | 5.4 |
| Profit before tax | 989 | 300 | 335 | 566 | 388 | 350 | 318 | 548 | 338 | 315 | 315 | 537 |
| Tax | 139 | 66.3 | 102 | 88 | 94.3 | 79.7 | 82.4 | 84.4 | 87.8 | 82 | 87.7 | 86.3 |
| Net profit | 830 | 272 | 269 | 695 | 325 | 316 | 295 | 689 | 313 | 311 | 294 | 668 |
| Net margin | 41.4% | 26.7% | 29.9% | 70.8% | 53.0% | 64.1% | 67.2% | 99.4% | 74.8% | 74.3% | 71.0% | 109.9% |
| EPS (₹) | 1.27 | 0.43 | 0.42 | 1.10 | 0.47 | 0.50 | 0.46 | 1.09 | 0.49 | 0.49 | 0.46 | 1.05 |
| Net profit YoY | +155.7% | −13.9% | −8.8% | +0.9% | +3.8% | +1.8% | +0.3% | +3.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 3,513 | 2,043 | 1,854 |
| Other income | 29.4 | 36 | 0.8 |
| Total expenses | 1,983 | 525 | 327 |
| EBITDA | 2,305 | 1,548 | 1,558 |
| EBITDA margin | 65.6% | 75.8% | 84.1% |
| Finance costs | 745 | 7.7 | 10.3 |
| Depreciation | 29.4 | 22.5 | 21.5 |
| Profit before tax | 1,588 | 1,554 | 1,527 |
| Tax | 351 | 334 | 351 |
| Net profit | 1,561 | 1,613 | 1,605 |
| Net margin | 44.4% | 78.9% | 86.6% |
| EPS (₹) | 2.41 | 2.54 | 2.53 |
| Net profit YoY | −3.2% | +0.5% | – |
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 |
|---|---|---|---|
| Operating cash flow | −15,439 | −10,083 | −678 |
| Investing cash flow | −5,697 | 6,406 | 1,441 |
| Financing cash flow | 21,454 | 3,962 | −753 |
| Capital expenditure | 105 | 41.8 | 0.8 |
| Free cash flow (CFO − capex) | −15,544 | −10,125 | −678 |
Net profit trend
annual, ₹ croreFY24
₹1,605
FY25
₹1,613+1%
FY26
₹1,561−3%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 16 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 16 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 17 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 17 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 15 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 15 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 16 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 16 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 17 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 107.0×69.8×
P/B5Y avg 1.35×1.08×
ROEFY26, on average equity1.2%
Net margin44.4%
Debt / equity0.12×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹3.25
Market cap₹1.44L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.08×
vs 6-point avg 1.35× (−20%)
1.06× low1.35× avg1.62× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1.63L Cr+22%
Net worth₹1.34L Cr+8%
Total borrowings₹15,809 Cr+429%
Cash & bank balances₹715 Cr+103%
Investments₹1.33L Cr+12%
Inventories₹0 Cr
Trade receivables₹61 Cr+306%
Change vs the same date a year earlier.
Revenue mix Q1 FY27
Investing48.2%result ₹760 Cr
Lending34.3%result ₹107 Cr
Others17.6%result ₹−36.1 Cr
Segment revenue as reported, before inter-segment eliminations.