Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 | 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 | Q1 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 689 | 578 | 489 | 466 | 462 | 470 | 440 | 418 | 416 | 404 | 394 | 351 | 339 | 366 | 339 | 351 | 346 | 304 | 256 | 265 | 222 | 221 | 194 | 167 | 45.1 | 179 | 188 | 190 | 184 | 181 | 163 | 187 | 170 | 172 |
| Other income | 5.2 | 7.1 | 7.1 | 2.8 | 3.6 | 1.9 | 4.7 | 1 | 1.7 | 1.5 | 0.9 | 0.3 | 2.2 | 0.6 | 2.5 | 0.9 | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.9 | 1.9 | 2.8 | 0.4 | 0.7 | 0.6 | 0.6 | 1.9 | 3 | 8.2 | 1.2 | 1.2 | 1.7 |
| Total expenses | 586 | 506 | 436 | 413 | 412 | 417 | 396 | 369 | 366 | 361 | 362 | 311 | 294 | 317 | 314 | 322 | 343 | 293 | 247 | 255 | 207 | 216 | 193 | 166 | 46.9 | 179 | 182 | 182 | 169 | 165 | 163 | 187 | 170 | 163 |
| EBITDA | 111 | 81 | 61.9 | 60.6 | 57.9 | 60.5 | 51.3 | 55.9 | 57.4 | 50.9 | 37.9 | 44.9 | 49.7 | 54.7 | 29.6 | 33.8 | 8 | 17 | 13.9 | 14.1 | 20 | 9.9 | 3.9 | 5 | 1.3 | 4 | 9.8 | 10.7 | 17.6 | 18.5 | 2.6 | 2.1 | 2.5 | 11.9 |
| EBITDA margin | 16.1% | 14.0% | 12.6% | 13.0% | 12.5% | 12.9% | 11.7% | 13.4% | 13.8% | 12.6% | 9.6% | 12.8% | 14.7% | 15.0% | 8.7% | 9.6% | 2.3% | 5.6% | 5.4% | 5.3% | 9.0% | 4.5% | 2.0% | 3.0% | 2.9% | 2.2% | 5.2% | 5.6% | 9.6% | 10.2% | 1.6% | 1.1% | 1.5% | 6.9% |
| Finance costs | 0.7 | 0.9 | 0.8 | 0.8 | 1.2 | 2.5 | 1.5 | 1.3 | 1.3 | 1.8 | 1.3 | 1.2 | 1.3 | 2.4 | 1.4 | 1.4 | 1.4 | 2 | 0.8 | 1.2 | 1.3 | 1 | 0.4 | 0.9 | 0.9 | 1.3 | 0.8 | 0.6 | 0.8 | 0.6 | 0.5 | 0.5 | 0.5 | 0.3 |
| Depreciation | 7.9 | 7.5 | 7.4 | 7.2 | 6.3 | 5.5 | 5.5 | 5.4 | 5.3 | 5.4 | 5.1 | 4.3 | 3.6 | 3.6 | 3.6 | 3.5 | 3.4 | 3.3 | 3.3 | 3.2 | 3.2 | 3.1 | 2.9 | 2.5 | 2.3 | 2.3 | 2.3 | 2.1 | 2.1 | 2 | 2 | 2 | 2 | 3 |
| Profit before tax | 108 | 79.7 | 60.7 | 55.4 | 54.1 | 54.3 | 49.1 | 50.2 | 52.4 | 45.2 | 32.4 | 39.7 | 47 | 49.3 | 27.1 | 29.8 | 3.4 | 5.5 | 10 | 10 | 15.8 | 6.6 | 2.4 | 4.3 | −1.5 | 1 | 7.2 | 8.6 | 16.6 | 19 | 8.2 | 0.8 | 1.2 | 10.3 |
| Tax | 27.3 | 20.6 | 15.6 | 14.2 | 14.3 | 12.4 | 14.5 | 12.9 | 13.4 | 11.6 | 8 | 10.1 | 11.9 | 12.6 | 6.9 | 7.7 | 0.9 | 1.5 | 2.6 | 2.5 | 4.1 | 5 | 0.8 | 1 | −0.3 | 0.4 | −0.4 | 2.7 | 6.1 | 6.5 | 2.9 | 0.3 | 0.5 | 2.4 |
| Net profit | 80.2 | 59.1 | 45.2 | 41.1 | 39.8 | 41.9 | 34.6 | 37.3 | 39.1 | 33.6 | 24.3 | 29.6 | 35 | 36.6 | 20.2 | 22.1 | 2.5 | 4 | 7.5 | 7.4 | 11.7 | 1.6 | 1.6 | 3.3 | −1.3 | 0.6 | 7.6 | 5.9 | 10.5 | 12.5 | 5.3 | 0.5 | 0.8 | 7.9 |
| Net margin | 11.6% | 10.2% | 9.2% | 8.8% | 8.6% | 8.9% | 7.9% | 8.9% | 9.4% | 8.3% | 6.2% | 8.4% | 10.3% | 10.0% | 6.0% | 6.3% | 0.7% | 1.3% | 2.9% | 2.8% | 5.3% | 0.7% | 0.8% | 2.0% | -2.8% | 0.4% | 4.0% | 3.1% | 5.7% | 6.9% | 3.2% | 0.3% | 0.4% | 4.6% |
| EPS (₹) | 59.19 | 43.65 | 33.34 | 30.36 | 32.86 | 34.60 | 28.59 | 30.76 | 32.26 | 27.71 | 20.09 | 24.44 | 28.93 | 30.24 | 16.71 | 18.24 | 2.04 | 3.30 | 6.16 | 6.15 | 9.68 | 1.34 | 1.36 | 2.73 | -1.04 | 0.53 | 6.29 | 4.83 | 8.67 | 10.31 | 4.38 | 0.41 | 0.56 | 6.49 |
| Net profit YoY | +101.6% | +41.2% | +30.5% | +10.4% | +1.8% | +24.9% | +42.3% | +25.9% | +11.5% | −8.4% | +20.3% | +34.0% | +1316.3% | +815.3% | +171.0% | +196.5% | −78.9% | +145.6% | +353.6% | +125.6% | +1034.5% | +152.6% | −78.4% | −43.6% | −111.9% | −94.8% | +43.5% | +1080.5% | +1282.2% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,996 | 1,745 | 1,488 | 1,404 | 1,048 | 627 | 742 | 702 | 116 |
| Other income | 20.6 | 9.4 | 3 | 2.3 | 1.1 | 5.9 | 2.6 | 4.4 | 3.5 |
| Total expenses | 1,766 | 1,548 | 1,327 | 1,296 | 984 | 621 | 711 | 677 | 114 |
| EBITDA | 261 | 225 | 185 | 128 | 81.8 | 20 | 43.3 | 34.9 | 4.1 |
| EBITDA margin | 13.1% | 12.9% | 12.4% | 9.1% | 7.8% | 3.2% | 5.8% | 5.0% | 3.5% |
| Finance costs | 3.8 | 6.7 | 5.6 | 6.5 | 5.3 | 3.3 | 3.5 | 2.1 | 0.8 |
| Depreciation | 28.4 | 21.7 | 18.4 | 14.1 | 13 | 10.8 | 9 | 8 | 0.6 |
| Profit before tax | 250 | 206 | 164 | 110 | 41.3 | 11.9 | 33.3 | 29.2 | 6.2 |
| Tax | 64.6 | 53.2 | 41.7 | 28.2 | 10.7 | 6.5 | 8.7 | 10.2 | 1.7 |
| Net profit | 185 | 153 | 123 | 81.4 | 30.6 | 5.3 | 24.6 | 19.1 | 4.5 |
| Net margin | 9.3% | 8.8% | 8.2% | 5.8% | 2.9% | 0.8% | 3.3% | 2.7% | 3.9% |
| EPS (₹) | 144.10 | 126.22 | 101.17 | 67.22 | 25.29 | 4.39 | 20.33 | 15.73 | 4.38 |
| Net profit YoY | +21.2% | +24.8% | +50.5% | +165.8% | +475.6% | −78.4% | +29.2% | – | – |
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 | 66.2 | 59.9 | 16.1 | 27.2 | 38.2 |
| Investing cash flow | −392 | −29.8 | 1.9 | −24.2 | −18.1 |
| Financing cash flow | 438 | −7 | −8.3 | −21 | −15.3 |
| Capital expenditure | 111 | 30.3 | −0.6 | 25.4 | 18.9 |
| Free cash flow (CFO − capex) | −45.1 | 29.6 | 15.5 | 1.9 | 19.3 |
Net profit trend
annual, ₹ croreFY21
₹5.3
FY22
₹30.6+476%
FY23
₹81.4+166%
FY24
₹123+50%
FY25
₹153+25%
FY26
₹185+21%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 May 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 7 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q1 FY26 | Standalone | – | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 30 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 28 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 11 Feb 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 23.9×35.5×
P/B5Y avg 4.69×5.73×
ROEFY26, on average equity17.4%
Net margin9.3%
Debt / equity0.00×
Revenue CAGR (3Y)12.4%
Profit CAGR (3Y)31.5%
EPS (TTM)₹175.53
Market cap₹8,019 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.73×
vs 8-point avg 4.69× (+22%)
3.61× low4.69× avg6.65× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,754 Cr+52%
Net worth₹1,399 Cr+92%
Total borrowings₹0 Cr−100%
Cash & bank balances₹136 Cr+477%
Investments₹0 Cr
Inventories₹324 Cr+8%
Trade receivables₹534 Cr+20%
Trade payables₹313 Cr−10%
Change vs the same date a year earlier.