Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY21
| ₹ 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 | Q2 FY22 | Q1 FY22 | Q4 FY21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,180 | 1,075 | 998 | 961 | 872 | 797 | 772 | 777 | 688 | 634 | 606 | 652 | 606 | 576 | 562 | 564 | 496 | 372 | 412 | 473 | 0 |
| Other income | 16.4 | 9.7 | 5.2 | 4.2 | 7.1 | 4.5 | 17.8 | 5 | 4.6 | 3.8 | 3.3 | 2.9 | 3.1 | 4.9 | 6.5 | 9.2 | 5.3 | 8.2 | 5.4 | 4.3 | 0 |
| Total expenses | 1,140 | 1,021 | 934 | 868 | 765 | 678 | 656 | 620 | 566 | 537 | 507 | 517 | 491 | 454 | 456 | 451 | 393 | 281 | 304 | 353 | 0 |
| EBITDA | 223 | 207 | 199 | 204 | 193 | 198 | 187 | 218 | 179 | 159 | 147 | 177 | 157 | 163 | 151 | 152 | 137 | 114 | 129 | 144 | 0 |
| EBITDA margin | 18.9% | 19.2% | 19.9% | 21.2% | 22.1% | 24.8% | 24.2% | 28.1% | 26.1% | 25.1% | 24.3% | 27.2% | 25.9% | 28.3% | 26.9% | 27.0% | 27.7% | 30.5% | 31.3% | 30.4% | – |
| Finance costs | 83.4 | 68.1 | 56.8 | 45 | 32.6 | 26.7 | 25.7 | 19.9 | 17.9 | 16.4 | 12.4 | 8.9 | 9.3 | 5.4 | 11.5 | 7.9 | 5.7 | 3.9 | 2.9 | 6.3 | 0 |
| Depreciation | 101 | 85 | 78.7 | 66.1 | 53.4 | 52.6 | 44.7 | 41 | 39 | 46.3 | 35.4 | 32.6 | 32.3 | 35.4 | 33.3 | 31.1 | 29.4 | 18.6 | 18.1 | 17.1 | 0 |
| Profit before tax | 55.6 | 52.2 | 68.6 | 96.8 | 114 | 134 | 135 | 162 | 127 | 100 | 103 | 139 | 119 | 127 | 113 | 137 | 107 | 99.3 | 113 | 125 | 0 |
| Tax | 19.2 | 21.7 | 16.7 | 24.8 | 28.7 | 27.9 | 42.1 | 41.5 | 31.9 | 28.5 | 25.9 | 37.3 | 31.9 | 28.6 | 31 | 31.4 | 28.1 | 24.8 | 28.9 | 32.5 | 0 |
| Net profit | 37.4 | 33.1 | 51.9 | 72 | 85 | 106 | 92.5 | 121 | 95.2 | 71.5 | 76.6 | 101 | 86.7 | 98.7 | 81.8 | 106 | 79.2 | 83.3 | 84.3 | 92 | 0 |
| Net margin | 3.2% | 3.1% | 5.2% | 7.5% | 9.8% | 13.3% | 12.0% | 15.5% | 13.8% | 11.3% | 12.6% | 15.5% | 14.3% | 17.1% | 14.6% | 18.8% | 16.0% | 22.4% | 20.5% | 19.4% | – |
| EPS (₹) | 1.04 | 1.06 | 1.33 | 1.67 | 1.96 | 2.54 | 2.22 | 2.68 | 10.82 | 8.18 | 8.98 | 11.50 | 10.10 | 11.65 | 9.49 | 12.14 | 8.74 | 10.08 | 10.34 | 11.48 | 0.00 |
| Net profit YoY | −56.0% | −68.8% | −43.9% | −40.3% | −10.7% | +48.4% | +20.8% | +19.2% | +9.8% | −27.5% | −6.4% | −4.5% | +9.4% | +18.4% | – | +25.9% | −13.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 3,905 | 3,035 | 2,498 | 2,198 | 1,651 | 1,330 |
| Other income | 26.2 | 31.9 | 13.1 | 25.9 | 20.3 | 10.2 |
| Total expenses | 3,588 | 2,520 | 2,051 | 1,753 | 1,224 | 1,061 |
| EBITDA | 802 | 783 | 640 | 604 | 516 | 371 |
| EBITDA margin | 20.5% | 25.8% | 25.6% | 27.5% | 31.2% | 27.9% |
| Finance costs | 203 | 90.3 | 47 | 30.5 | 16 | 32.5 |
| Depreciation | 283 | 177 | 147 | 129 | 72.7 | 69.5 |
| Profit before tax | 331 | 558 | 460 | 485 | 447 | 279 |
| Tax | 91.9 | 143 | 124 | 119 | 114 | 73.5 |
| Net profit | 242 | 415 | 336 | 366 | 344 | 205 |
| Net margin | 6.2% | 13.7% | 13.5% | 16.6% | 20.8% | 15.5% |
| EPS (₹) | 6.03 | 9.61 | 38.75 | 42.03 | 41.88 | 26.87 |
| Net profit YoY | −41.7% | +23.4% | −8.1% | +6.4% | +67.3% | – |
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 | 511 | 582 | 521 | 432 | 520 |
| Investing cash flow | −1,452 | −1,116 | −753 | −616 | −606 |
| Financing cash flow | 940 | 543 | 217 | 88.3 | 59.9 |
| Capital expenditure | 1,428 | 1,009 | 647 | 526 | 170 |
| Free cash flow (CFO − capex) | −917 | −427 | −126 | −93.6 | 350 |
Net profit trend
annual, ₹ croreFY21
₹205
FY22
₹344+67%
FY23
₹366+6%
FY24
₹336−8%
FY25
₹415+23%
FY26
₹242−42%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 3 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 3 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 15 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 15 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 61.0×160.5×
P/B5Y avg 9.83×13.89×
ROEFY26, on average equity11.0%
Net margin6.2%
Debt / equity1.44×
Revenue CAGR (3Y)21.1%
Profit CAGR (3Y)-12.9%
EPS (TTM)₹4.86
Market cap₹31,206 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
13.89×
vs 8-point avg 9.83× (+41%)
6.72× low9.83× avg13.89× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹7,759 Cr+35%
Net worth₹2,247 Cr+5%
Total borrowings₹3,244 Cr+27%
Cash & bank balances₹55 Cr−1%
Investments₹16 Cr−31%
Inventories₹97 Cr+51%
Trade receivables₹554 Cr+40%
Trade payables₹323 Cr+20%
Change vs the same date a year earlier.