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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,905 | 1,902 | 1,588 | 1,532 | 1,741 | 1,898 | 1,497 | 1,234 | 1,564 | 1,781 | 1,703 | 1,575 | 1,730 | 1,862 | 1,562 | 1,374 | 1,600 | 1,286 | 1,209 | 1,326 | 1,424 | 1,260 | 1,132 | 912 | 1,137 | 1,078 | 1,012 | 0 |
| Other income | 15.4 | 38.2 | 29.1 | 22.7 | 22.2 | 15.9 | 9 | 8.4 | 13.1 | 26.3 | 16.7 | 14 | 11.1 | 16.7 | 14.3 | 19.6 | 15.8 | 18.1 | 17.6 | 16.8 | 27.4 | 20.4 | 17.9 | 7 | 19.3 | 15 | 5.8 | 0 |
| Total expenses | 1,780 | 1,752 | 1,523 | 1,452 | 1,559 | 1,667 | 1,417 | 1,263 | 1,462 | 1,557 | 1,506 | 1,448 | 1,623 | 1,717 | 1,469 | 1,300 | 1,368 | 1,204 | 1,105 | 1,158 | 1,207 | 1,137 | 1,016 | 847 | 1,016 | 1,016 | 941 | 0 |
| EBITDA | 259 | 286 | 205 | 208 | 311 | 351 | 202 | 89.3 | 222 | 337 | 302 | 217 | 196 | 233 | 185 | 164 | 325 | 174 | 194 | 258 | 313 | 228 | 225 | 173 | 234 | 177 | 178 | 0 |
| EBITDA margin | 13.6% | 15.0% | 12.9% | 13.6% | 17.9% | 18.5% | 13.5% | 7.2% | 14.2% | 18.9% | 17.7% | 13.8% | 11.3% | 12.5% | 11.9% | 11.9% | 20.3% | 13.5% | 16.1% | 19.5% | 22.0% | 18.1% | 19.8% | 18.9% | 20.6% | 16.4% | 17.6% | – |
| Finance costs | 51.1 | 53.2 | 55 | 50.5 | 52.2 | 44.4 | 45.3 | 43.1 | 48.4 | 44.6 | 39.1 | 33.6 | 33.1 | 28.7 | 35.4 | 33.4 | 33.2 | 36.7 | 35.5 | 36.8 | 40.3 | 48.8 | 51.4 | 51.5 | 53.8 | 58.7 | 55.6 | 0 |
| Depreciation | 82.8 | 83.7 | 85.1 | 77.7 | 77.3 | 76.7 | 76.2 | 74.9 | 71.7 | 67.9 | 65.7 | 56.7 | 55.7 | 58.8 | 56.8 | 56.8 | 59.3 | 55.1 | 55.3 | 53.8 | 55.5 | 56.5 | 57.2 | 56.1 | 58.8 | 56.3 | 51.6 | 0 |
| Profit before tax | 140 | 187 | 75.2 | 103 | 204 | 246 | 89.3 | −20.3 | 115 | 250 | 223 | 141 | 119 | 162 | 107 | 93.3 | 221 | 100 | 121 | 184 | 207 | 143 | 134 | 72 | 141 | 77.1 | 76.7 | 0 |
| Tax | 33.1 | 51.7 | 18.2 | 22.1 | 54.1 | 60.3 | 26.6 | −9.4 | 50.4 | 87.9 | 72.8 | 45.1 | 38.8 | 47 | 30 | 31.5 | 32.6 | 34.2 | 33.6 | 48.3 | 47.7 | 24.8 | 41 | 21.4 | 42 | 26.2 | 26.9 | 0 |
| Net profit | 108 | 125 | 57 | 80.6 | 150 | 193 | 60.5 | −19.2 | 67.6 | 162 | 150 | 95.9 | 79.8 | 115 | 77.4 | 61.8 | 188 | 65.8 | 87.3 | 136 | 159 | 118 | 92.9 | 50.6 | 98.6 | 50.8 | 49.7 | 0 |
| Net margin | 5.7% | 6.6% | 3.6% | 5.3% | 8.6% | 10.2% | 4.0% | -1.6% | 4.3% | 9.1% | 8.8% | 6.1% | 4.6% | 6.2% | 5.0% | 4.5% | 11.8% | 5.1% | 7.2% | 10.3% | 11.2% | 9.4% | 8.2% | 5.6% | 8.7% | 4.7% | 4.9% | – |
| EPS (₹) | 8.70 | 9.99 | 4.58 | 6.51 | 12.10 | 15.60 | 5.05 | -1.19 | 5.97 | 13.34 | 12.21 | 7.88 | 6.67 | 9.35 | 6.49 | 5.19 | 15.61 | 5.45 | 7.17 | 11.16 | 12.99 | 9.69 | 7.61 | 4.16 | 8.43 | 4.28 | 4.14 | 0.00 |
| Net profit YoY | −27.9% | −35.3% | −5.7% | +519.1% | +121.7% | +19.2% | −59.7% | −120.1% | −15.3% | +41.1% | +93.9% | +55.2% | – | −39.0% | +17.7% | −29.2% | +18.4% | −44.5% | −6.1% | +169.0% | +61.3% | +132.9% | +86.9% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6,763 | 6,193 | 6,788 | 6,452 | 5,420 | 4,727 | 4,364 | 3,860 |
| Other income | 112 | 46.4 | 68.1 | 57.5 | 68.3 | 72.6 | 46 | 69 |
| Total expenses | 6,287 | 5,809 | 6,133 | 5,975 | 4,835 | 4,206 | 4,011 | 3,899 |
| EBITDA | 1,011 | 865 | 1,052 | 839 | 951 | 939 | 798 | 432 |
| EBITDA margin | 14.9% | 14.0% | 15.5% | 13.0% | 17.5% | 19.9% | 18.3% | 11.2% |
| Finance costs | 211 | 181 | 150 | 133 | 142 | 192 | 225 | 264 |
| Depreciation | 324 | 299 | 246 | 228 | 223 | 225 | 220 | 207 |
| Profit before tax | 569 | 430 | 733 | 535 | 626 | 556 | 369 | 32.5 |
| Tax | 146 | 128 | 245 | 165 | 149 | 135 | 116 | −10.9 |
| Net profit | 413 | 302 | 488 | 369 | 478 | 421 | 253 | 43.4 |
| Net margin | 6.1% | 4.9% | 7.2% | 5.7% | 8.8% | 8.9% | 5.8% | 1.1% |
| EPS (₹) | 33.19 | 25.43 | 40.10 | 30.48 | 39.39 | 34.45 | 21.08 | 0.00 |
| Net profit YoY | +36.6% | −38.1% | +32.2% | −22.7% | +13.4% | +66.5% | – | – |
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 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 1,082 | 783 | 899 | 634 | 680 |
| Investing cash flow | −738 | −1,151 | −880 | −299 | −665 |
| Financing cash flow | −354 | 318 | −35.5 | −266 | 10.8 |
| Capital expenditure | 709 | 661 | 1,011 | 737 | 375 |
| Free cash flow (CFO − capex) | 374 | 122 | −112 | −103 | 305 |
Net profit trend
annual, ₹ croreFY21
₹421
FY22
₹478+13%
FY23
₹369−23%
FY24
₹488+32%
FY25
₹302−38%
FY26
₹413+37%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 5 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 5 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 20 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 20 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 3 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 3 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 6 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 1 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 1 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 24.4×17.1×
P/B5Y avg 2.85×1.63×
ROEFY26, on average equity11.2%
Net margin6.1%
Debt / equity0.64×
Revenue CAGR (3Y)1.6%
Profit CAGR (3Y)3.8%
EPS (TTM)₹29.86
Market cap₹6,338 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.63×
vs 8-point avg 2.85× (−43%)
1.63× low2.85× avg3.51× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹8,548 Cr+1%
Net worth₹3,886 Cr+12%
Total borrowings₹2,491 Cr−1%
Cash & bank balances₹73 Cr−3%
Investments₹746 Cr+20%
Inventories₹645 Cr−25%
Trade receivables₹111 Cr+4%
Trade payables₹466 Cr+3%
Change vs the same date a year earlier.