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 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,328 | 1,373 | 1,168 | 1,186 | 1,103 | 1,222 | 1,164 | 1,179 | 1,114 | 1,241 | 1,152 | 1,122 | 1,064 | 1,205 | 1,091 | 1,078 | 1,102 | 1,068 | 974 | 562 | 953 | 838 | 713 | 278 | 652 | 741 | 715 | 700 | 815 | 759 | 725 | 750 |
| Other income | 17.1 | 12.5 | 11.7 | 15.5 | 13.2 | 12.5 | 10.5 | 9.9 | 10.2 | 17.4 | 11.3 | 8.3 | 9.3 | 10.4 | 7.5 | 7.6 | 7 | 7.4 | 7.1 | 6 | 7.4 | 6.5 | 4.8 | 2.6 | 6.9 | 5.1 | 6.8 | 5.3 | 6.5 | 4.5 | 4.6 | 5.1 |
| Total expenses | 1,115 | 1,158 | 1,015 | 1,020 | 965 | 1,133 | 1,064 | 1,066 | 993 | 1,118 | 1,017 | 982 | 931 | 1,070 | 999 | 985 | 972 | 915 | 824 | 511 | 791 | 687 | 598 | 314 | 592 | 663 | 641 | 624 | 717 | 664 | 643 | 658 |
| EBITDA | 260 | 263 | 201 | 213 | 187 | 138 | 149 | 159 | 167 | 172 | 179 | 180 | 169 | 176 | 133 | 129 | 166 | 184 | 180 | 80.4 | 191 | 182 | 144 | −7.6 | 93.4 | 111 | 105 | 106 | 123 | 121 | 109 | 120 |
| EBITDA margin | 19.6% | 19.2% | 17.2% | 18.0% | 16.9% | 11.3% | 12.8% | 13.5% | 15.0% | 13.9% | 15.5% | 16.0% | 15.9% | 14.6% | 12.2% | 12.0% | 15.1% | 17.2% | 18.5% | 14.3% | 20.0% | 21.7% | 20.2% | -2.7% | 14.3% | 15.0% | 14.7% | 15.1% | 15.1% | 15.9% | 15.0% | 16.0% |
| Finance costs | 5 | 5.7 | 5.9 | 5.8 | 5.2 | 6 | 8.7 | 4.7 | 4.7 | 6.6 | 5 | 4.3 | 5.3 | 7.2 | 8.3 | 3.2 | 4 | 3 | 2.7 | 3 | 2.6 | 2.6 | 2.1 | 3.4 | 4.9 | 4.8 | 5.2 | 4.5 | 3.3 | 3.6 | 4.5 | 4.7 |
| Depreciation | 42.2 | 42.3 | 41.5 | 41.9 | 43.6 | 43.4 | 39.9 | 40.6 | 42.1 | 42.5 | 38.9 | 36.1 | 30.5 | 34.3 | 32.5 | 33.7 | 32.6 | 28.1 | 28.2 | 26.5 | 26.5 | 27.6 | 27.4 | 25.2 | 28.3 | 27.8 | 26.2 | 25.8 | 21.7 | 22.2 | 22.5 | 22.9 |
| Profit before tax | 230 | 224 | 126 | 181 | 151 | 101 | 111 | 123 | 130 | 140 | 146 | 148 | 143 | 141 | 99.7 | 96.6 | 136 | 160 | 157 | 56.9 | 169 | 158 | 119 | −33.6 | 67 | 83.8 | 80.7 | 80.9 | 103 | 99.6 | 83 | 97.7 |
| Tax | 60.3 | 67.4 | 38.6 | 47.2 | 39.6 | 34.4 | 30.7 | 35 | 35.8 | 35.4 | 37.9 | 36.6 | 33.6 | 29.8 | 26.1 | 27.7 | 39.1 | 35.5 | 37.4 | 15.4 | 38 | 37 | 29.4 | −0.6 | 18.2 | 22.6 | −12.4 | 30.5 | 36.2 | 33.7 | 32.4 | 28 |
| Net profit | 171 | 157 | 86.2 | 134 | 110 | 43.2 | 79 | 85.5 | 92.3 | 104 | 108 | 111 | 109 | 111 | 73.7 | 68.9 | 97.2 | 125 | 119 | 41.5 | 131 | 121 | 89.6 | −32.9 | 48.8 | 61.3 | 93.1 | 50.4 | 66.9 | 65.9 | 50.6 | 69.6 |
| Net margin | 12.9% | 11.4% | 7.4% | 11.3% | 10.0% | 3.5% | 6.8% | 7.3% | 8.3% | 8.4% | 9.4% | 9.9% | 10.3% | 9.2% | 6.8% | 6.4% | 8.8% | 11.7% | 12.3% | 7.4% | 13.8% | 14.4% | 12.6% | -11.9% | 7.5% | 8.3% | 13.0% | 7.2% | 8.2% | 8.7% | 7.0% | 9.3% |
| EPS (₹) | 10.64 | 9.78 | 5.53 | 8.39 | 6.98 | 4.60 | 4.88 | 5.29 | 5.64 | 6.43 | 6.54 | 6.78 | 6.75 | 6.78 | 4.67 | 4.39 | 6.03 | 7.68 | 7.31 | 2.71 | 7.99 | 7.48 | 5.61 | -1.70 | 3.12 | 3.87 | 5.86 | 3.21 | 4.15 | 4.08 | 3.16 | 4.15 |
| Net profit YoY | +55.0% | +262.6% | +9.1% | +56.6% | +19.5% | −58.6% | −26.8% | −23.0% | −15.4% | −5.8% | +46.6% | +61.2% | – | +13.8% | −40.9% | −42.3% | −25.9% | +3.1% | +33.1% | +225.9% | +168.7% | +97.6% | −3.7% | −165.4% | −27.0% | −7.0% | +83.8% | – | −4.0% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,830 | 4,635 | 4,578 | 4,382 | 3,705 | 2,781 | 2,808 | 2,956 | 2,783 |
| Other income | 52.9 | 42.7 | 46.2 | 33.6 | 27.6 | 21.3 | 24.2 | 18 | 10.8 |
| Total expenses | 4,157 | 4,194 | 4,048 | 3,945 | 3,223 | 2,389 | 2,520 | 2,611 | 2,439 |
| EBITDA | 865 | 626 | 700 | 592 | 611 | 509 | 416 | 449 | 456 |
| EBITDA margin | 17.9% | 13.5% | 15.3% | 13.5% | 16.5% | 18.3% | 14.8% | 15.2% | 16.4% |
| Finance costs | 22.6 | 20 | 21.1 | 22.3 | 12.7 | 10.7 | 19.5 | 15.6 | 24.1 |
| Depreciation | 169 | 165 | 148 | 133 | 115 | 107 | 108 | 89.1 | 88.5 |
| Profit before tax | 683 | 483 | 577 | 463 | 510 | 413 | 312 | 358 | 355 |
| Tax | 193 | 136 | 143 | 116 | 127 | 104 | 58.9 | 129 | 127 |
| Net profit | 487 | 300 | 432 | 346 | 383 | 309 | 254 | 229 | 229 |
| Net margin | 10.1% | 6.5% | 9.4% | 7.9% | 10.3% | 11.1% | 9.0% | 7.7% | 8.2% |
| EPS (₹) | 30.67 | 21.51 | 26.51 | 21.64 | 23.69 | 19.37 | 16.06 | 14.25 | 14.78 |
| Net profit YoY | +62.3% | −30.6% | +24.8% | −9.5% | +23.9% | +21.8% | +10.8% | +0.1% | – |
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 | 667 | 501 | 602 | 296 | 426 |
| Investing cash flow | −336 | −372 | −298 | −184 | −298 |
| Financing cash flow | −293 | −209 | −216 | −135 | −120 |
| Capital expenditure | 127 | 221 | 300 | 232 | 269 |
| Free cash flow (CFO − capex) | 539 | 280 | 301 | 63.9 | 157 |
Net profit trend
annual, ₹ croreFY21
₹309
FY22
₹383+24%
FY23
₹346−10%
FY24
₹432+25%
FY25
₹300−31%
FY26
₹487+62%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 31 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 30 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 30 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 | 22 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 22 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 41.7×35.4×
P/B5Y avg 7.00×6.33×
ROEFY26, on average equity16.8%
Net margin10.1%
Debt / equity0.04×
Revenue CAGR (3Y)3.3%
Profit CAGR (3Y)12.0%
EPS (TTM)₹34.38
Market cap₹19,404 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
6.33×
vs 8-point avg 7.00× (−10%)
4.78× low7.00× avg8.65× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹4,029 Cr+7%
Net worth₹3,066 Cr+12%
Total borrowings₹130 Cr−26%
Cash & bank balances₹56 Cr+196%
Investments₹4 Cr+0%
Inventories₹551 Cr−11%
Trade receivables₹628 Cr+10%
Trade payables₹320 Cr−5%
Change vs the same date a year earlier.
Revenue mix FY26
Tiles88.6%result ₹651 Cr
others*11.4%result ₹44.4 Cr
Segment revenue as reported, before inter-segment eliminations.