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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,997 | 4,714 | 4,673 | 3,799 | 3,492 | 4,224 | 4,083 | 2,626 | 2,847 | 4,019 | 2,931 | 1,750 | 1,617 | 3,255 | 1,774 | 1,765 | 3,445 | 2,059 | 2,124 | 1,605 | 2,534 |
| Other income | 100 | 127 | 103 | 80.4 | 133 | 196 | 63.6 | 58.9 | 71.8 | 65.4 | 28.1 | 5.5 | 54.4 | 16.3 | 129 | −4.2 | 71.9 | 89.3 | 77.8 | 107 | 77.6 |
| Total expenses | 3,323 | 3,579 | 3,540 | 2,918 | 2,721 | 3,233 | 2,988 | 2,124 | 2,267 | 3,205 | 2,198 | 1,486 | 1,436 | 2,631 | 1,509 | 1,488 | 2,714 | 1,750 | 1,907 | 1,493 | 2,057 |
| EBITDA | 1,922 | 1,413 | 1,415 | 1,109 | 984 | 1,221 | 1,306 | 705 | 757 | 1,047 | 883 | 416 | 330 | 772 | 404 | 424 | 871 | 486 | 392 | 376 | 808 |
| EBITDA margin | 38.5% | 30.0% | 30.3% | 29.2% | 28.2% | 28.9% | 32.0% | 26.8% | 26.6% | 26.1% | 30.1% | 23.8% | 20.4% | 23.7% | 22.8% | 24.0% | 25.3% | 23.6% | 18.4% | 23.4% | 31.9% |
| Finance costs | 179 | 167 | 185 | 157 | 148 | 152 | 144 | 137 | 117 | 116 | 117 | 123 | 124 | 117 | 118 | 125 | 122 | 157 | 156 | 245 | 315 |
| Depreciation | 69.2 | 111 | 97.5 | 71.4 | 65.9 | 77.8 | 67.2 | 66.5 | 60.4 | 117 | 33.3 | 29.3 | 24 | 29.6 | 21.7 | 21.9 | 19 | 18.7 | 18.4 | 18.6 | 17 |
| Profit before tax | 1,774 | 1,262 | 1,236 | 961 | 904 | 1,187 | 1,158 | 561 | 651 | 879 | 656 | 269 | 236 | 641 | 393 | −904 | 802 | 399 | 295 | 219 | 554 |
| Tax | 403 | 256 | 285 | 171 | 228 | 264 | 214 | 137 | 175 | 212 | 144 | 62.4 | 55.6 | −108 | −11.9 | 27 | 264 | 113 | 71.9 | 58.8 | 242 |
| Net profit | 1,373 | 1,008 | 958 | 790 | 675 | 923 | 945 | 423 | 476 | 667 | 505 | 203 | 179 | 746 | 405 | −933 | 538 | 286 | 223 | 161 | 312 |
| Net margin | 27.5% | 21.4% | 20.5% | 20.8% | 19.3% | 21.8% | 23.1% | 16.1% | 16.7% | 16.6% | 17.2% | 11.6% | 11.1% | 22.9% | 22.8% | -52.8% | 15.6% | 13.9% | 10.5% | 10.0% | 12.3% |
| EPS (₹) | 13.73 | 10.09 | 9.59 | 7.90 | 6.76 | 9.26 | 9.48 | 4.25 | 4.78 | 6.84 | 5.22 | 2.09 | 1.85 | 15.45 | 8.40 | -19.53 | 11.12 | 6.15 | 4.93 | 3.66 | 7.85 |
| Net profit YoY | +103.4% | +9.2% | +1.4% | +86.7% | +41.9% | +38.4% | +87.0% | +108.6% | +165.6% | −10.6% | +24.7% | +121.7% | – | +38.7% | +41.4% | −517.7% | +72.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 16,676 | 13,780 | 10,316 | 9,470 | 9,233 | 5,449 |
| Other income | 443 | 390 | 153 | 141 | 346 | 323 |
| Total expenses | 12,757 | 10,613 | 8,324 | 7,976 | 7,864 | 5,276 |
| EBITDA | 4,921 | 3,988 | 2,676 | 2,066 | 2,125 | 1,372 |
| EBITDA margin | 29.5% | 28.9% | 25.9% | 21.8% | 23.0% | 25.2% |
| Finance costs | 657 | 550 | 480 | 479 | 680 | 1,126 |
| Depreciation | 345 | 272 | 204 | 92.8 | 74.8 | 73.4 |
| Profit before tax | 4,362 | 3,557 | 2,041 | 458 | 1,716 | 33.2 |
| Tax | 941 | 789 | 473 | −37 | 508 | −14.7 |
| Net profit | 3,431 | 2,767 | 1,554 | 489 | 1,209 | 47.9 |
| Net margin | 20.6% | 20.1% | 15.1% | 5.2% | 13.1% | 0.9% |
| EPS (₹) | 34.34 | 27.76 | 16.03 | 10.10 | 26.28 | 1.01 |
| Net profit YoY | +24.0% | +78.0% | +217.6% | −59.5% | +2423.6% | – |
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 | 959 | 1,566 | 2,512 | 2,750 | 1,998 |
| Investing cash flow | −780 | −90.4 | −2,947 | 1,778 | 1,139 |
| Financing cash flow | 1,589 | −2,506 | 951 | −3,705 | −2,888 |
| Capital expenditure | 250 | 474 | 170 | 90.4 | 40.8 |
| Free cash flow (CFO − capex) | 709 | 1,091 | 2,343 | 2,660 | 1,958 |
Net profit trend
annual, ₹ croreFY21
₹47.9
FY22
₹1,209+2424%
FY23
₹489−60%
FY24
₹1,554+218%
FY25
₹2,767+78%
FY26
₹3,431+24%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 24 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 24 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 24 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 24 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 28 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 28 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 30 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 30 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 26 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 26 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 57.7×28.2×
P/B5Y avg 5.16×5.00×
ROEFY26, on average equity15.8%
Net margin20.6%
Debt / equity0.42×
Revenue CAGR (3Y)20.8%
Profit CAGR (3Y)91.4%
EPS (TTM)₹41.33
Market cap₹1.16L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.00×
vs 8-point avg 5.16× (−3%)
2.90× low5.16× avg6.78× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹58,937 Cr+18%
Net worth₹23,286 Cr+15%
Total borrowings₹9,884 Cr+40%
Cash & bank balances₹2,703 Cr+189%
Investments₹1,199 Cr+8%
Inventories₹40,254 Cr+10%
Trade receivables₹1,472 Cr+90%
Trade payables₹3,403 Cr+16%
Change vs the same date a year earlier.