Quarterly results
consolidated · 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 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,496 | 1,526 | 1,477 | 1,511 | 1,584 | 1,442 | 1,682 | 1,270 | 1,199 | 1,318 | 1,437 | 1,213 | 1,414 | 1,280 | 1,536 | 1,319 | 1,228 | 987 | 1,154 | 1,054 | 1,016 | 1,121 | 1,133 | 764 | 1,063 | 1,329 | 890 | 1,218 | 1,196 | 936 | 1,245 | 876 |
| Other income | 64.4 | 8.3 | 24.6 | 30.1 | 32.4 | 11.4 | 8.5 | 35.8 | 21.7 | 8.7 | 28.2 | 33.1 | 26.9 | 43.2 | 17.9 | 20.6 | 11 | 7.1 | 15.1 | 5.5 | 15 | 16.7 | 2.7 | 9.2 | 9.4 | 4.6 | 6.2 | 2.3 | 3.3 | 5.3 | 5.6 | 5.2 |
| Total expenses | 1,213 | 1,324 | 1,273 | 1,309 | 1,415 | 1,247 | 1,509 | 1,169 | 1,107 | 1,174 | 1,287 | 1,040 | 1,183 | 1,163 | 1,279 | 1,055 | 1,017 | 847 | 1,068 | 876 | 845 | 943 | 934 | 607 | 871 | 1,122 | 750 | 1,021 | 1,002 | 777 | 1,029 | 720 |
| EBITDA | 308 | 229 | 229 | 226 | 193 | 224 | 195 | 123 | 117 | 178 | 178 | 195 | 252 | 144 | 279 | 285 | 231 | 163 | 108 | 198 | 193 | 200 | 221 | 183 | 228 | 239 | 166 | 238 | 231 | 203 | 234 | 204 |
| EBITDA margin | 20.6% | 15.0% | 15.5% | 15.0% | 12.2% | 15.5% | 11.6% | 9.6% | 9.8% | 13.5% | 12.4% | 16.0% | 17.8% | 11.2% | 18.2% | 21.6% | 18.8% | 16.5% | 9.4% | 18.8% | 19.0% | 17.9% | 19.5% | 24.0% | 21.5% | 18.0% | 18.7% | 19.5% | 19.3% | 21.7% | 18.8% | 23.3% |
| Finance costs | 0.8 | 4.3 | 1.5 | 1.1 | 1.4 | 7.8 | 1.2 | 0.8 | 4.8 | 14.3 | 7.5 | 0.8 | 1.5 | 7.8 | 3.5 | 1.5 | 2 | 3.9 | 4.3 | 1.7 | 3.6 | 4.6 | 3.2 | 8.4 | 18.5 | 13.9 | 7.3 | 22.8 | 21.2 | 28.6 | 0.9 | 31.5 |
| Depreciation | 23.5 | 23 | 23.3 | 23 | 22.1 | 20.7 | 20.4 | 19.8 | 20.2 | 19.9 | 20 | 19.9 | 19.6 | 19.3 | 18.7 | 18.9 | 18.7 | 18.5 | 18.8 | 18.6 | 18.3 | 18.1 | 18.1 | 17.7 | 18 | 18 | 19.3 | 17.6 | 15.4 | 15.5 | 16.8 | 16.5 |
| Profit before tax | 348 | 210 | 229 | 233 | 202 | 207 | 182 | 138 | 114 | 153 | 179 | 207 | 257 | 160 | 275 | 285 | 222 | 147 | 100 | 183 | 186 | 194 | 202 | 166 | 201 | 211 | 146 | 199 | 197 | 164 | 222 | 162 |
| Tax | 86.9 | 54.8 | 58.7 | 60.4 | 51 | 52.3 | 49.2 | 35 | 27.5 | 38.9 | 44.8 | 53.6 | 62.7 | 41.9 | 69.1 | 71.8 | 57.4 | 38.2 | 27 | 47.2 | 45.3 | 49.1 | 52.4 | 40.6 | 51.3 | 52.4 | 32.3 | 63.3 | 58.9 | 57.3 | 64.6 | 66.3 |
| Net profit | 261 | 155 | 170 | 172 | 151 | 154 | 133 | 103 | 86.6 | 114 | 134 | 153 | 195 | 118 | 205 | 213 | 164 | 109 | 73.4 | 136 | 141 | 145 | 150 | 126 | 150 | 159 | 113 | 136 | 139 | 107 | 157 | 95.3 |
| Net margin | 17.4% | 10.2% | 11.5% | 11.4% | 9.5% | 10.7% | 7.9% | 8.1% | 7.2% | 8.7% | 9.3% | 12.6% | 13.8% | 9.2% | 13.4% | 16.2% | 13.4% | 11.0% | 6.4% | 12.9% | 13.9% | 13.0% | 13.2% | 16.5% | 14.1% | 12.0% | 12.7% | 11.2% | 11.6% | 11.5% | 12.6% | 10.9% |
| EPS (₹) | 11.39 | 0.00 | 7.43 | 7.52 | 6.58 | 6.74 | 5.79 | 4.49 | 3.78 | 4.98 | 5.85 | 6.52 | 8.27 | 5.01 | 8.73 | 9.05 | 6.99 | 4.63 | 3.12 | 5.79 | 5.98 | 6.17 | 6.36 | 5.34 | 6.36 | 6.75 | 4.82 | 5.78 | 5.88 | 4.55 | 6.68 | 4.05 |
| Net profit YoY | +73.2% | +0.8% | +28.2% | +67.6% | +74.0% | +35.2% | −0.9% | −33.0% | −55.5% | −3.3% | −34.9% | −28.1% | +18.4% | +8.2% | +180.1% | +56.4% | +16.8% | – | −49.5% | −9.1% | +11.9% | −8.6% | +32.1% | −7.6% | +8.0% | +48.3% | −27.9% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6,098 | 5,594 | 5,385 | 5,363 | 4,211 | 4,499 | 4,120 | 3,247 |
| Other income | 70.4 | 61.3 | 97 | 92.8 | 42.7 | 22.5 | 15.2 | 17.5 |
| Total expenses | 5,295 | 5,015 | 4,686 | 4,515 | 3,636 | 3,764 | 3,403 | 2,609 |
| EBITDA | 902 | 674 | 802 | 939 | 662 | 870 | 850 | 774 |
| EBITDA margin | 14.8% | 12.1% | 14.9% | 17.5% | 15.7% | 19.3% | 20.6% | 23.9% |
| Finance costs | 8.3 | 14.6 | 24.1 | 14.7 | 13.4 | 62.4 | 67.6 | 69.2 |
| Depreciation | 91.2 | 81.1 | 79.4 | 75.7 | 74.2 | 72.9 | 64.5 | 67.8 |
| Profit before tax | 873 | 640 | 796 | 941 | 617 | 758 | 733 | 655 |
| Tax | 225 | 164 | 200 | 240 | 158 | 199 | 230 | 221 |
| Net profit | 648 | 476 | 596 | 701 | 459 | 558 | 503 | 434 |
| Net margin | 10.6% | 8.5% | 11.1% | 13.1% | 10.9% | 12.4% | 12.2% | 13.4% |
| EPS (₹) | 0.00 | 20.80 | 25.69 | 29.78 | 19.52 | 23.71 | 21.37 | 18.46 |
| Net profit YoY | +36.1% | −20.1% | −15.0% | +52.6% | – | +11.0% | – | – |
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 | 933 | 961 | 226 | −360 | 561 |
| Investing cash flow | −298 | −523 | −87.4 | 206 | −206 |
| Financing cash flow | −353 | −252 | −157 | 4.8 | −322 |
| Capital expenditure | 67.9 | 96.3 | 85.9 | 59.3 | 42.1 |
| Free cash flow (CFO − capex) | 865 | 864 | 141 | −419 | 519 |
Net profit trend
annual, ₹ croreFY20
₹558
FY22
₹459−18%
FY23
₹701+53%
FY24
₹596−15%
FY25
₹476−20%
FY26
₹648+36%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 14 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 14 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 14 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 14 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 11.3×12.0×
P/B5Y avg 1.51×1.57×
ROEFY26, on average equity11.7%
Net margin10.6%
Debt / equity0.03×
Revenue CAGR (3Y)4.4%
Profit CAGR (3Y)-2.6%
EPS (TTM)₹33.12
Market cap₹9,125 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.57×
vs 8-point avg 1.51× (+4%)
1.11× low1.51× avg2.01× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹6,598 Cr+6%
Net worth₹5,806 Cr+11%
Total borrowings₹170 Cr−58%
Cash & bank balances₹110 Cr−29%
Investments₹860 Cr+145%
Inventories₹3,714 Cr−4%
Trade receivables₹463 Cr−1%
Trade payables₹140 Cr−8%
Change vs the same date a year earlier.
Revenue mix FY26
Agri96.3%result ₹826 Cr
Energy3.7%result ₹66.1 Cr
Segment revenue as reported, before inter-segment eliminations.