Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q1 FY23
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 404 | 382 | 363 | 323 | 290 | 233 | 209 | 195 | 133 | 129 | 98.5 | 118 | 112 | 102 | 95.4 | 80.7 | 73 |
| Other income | 16 | −5.3 | 11 | 0.6 | 5.1 | 9.1 | 1.9 | 3.5 | 4.1 | 3.8 | 4.1 | 2.1 | 3.2 | 3.3 | 1.2 | 0.9 | 0.7 |
| Total expenses | 311 | 296 | 282 | 249 | 225 | 187 | 171 | 164 | 119 | 119 | 92 | 108 | 98.3 | 90.9 | 85.6 | 73.3 | 64.1 |
| EBITDA | 109 | 103 | 98.2 | 87.7 | 79 | 63.9 | 55.2 | 45.2 | 26.8 | 20.8 | 15.6 | 18.5 | 18.6 | 16.5 | 15.2 | 12.1 | 12.6 |
| EBITDA margin | 27.0% | 26.9% | 27.1% | 27.1% | 27.3% | 27.4% | 26.4% | 23.1% | 20.1% | 16.1% | 15.9% | 15.7% | 16.7% | 16.2% | 15.9% | 15.0% | 17.3% |
| Finance costs | 9.9 | 9.3 | 11.3 | 7.8 | 9.2 | 11.9 | 10.9 | 7.8 | 8.5 | 6.9 | 5.5 | 5.1 | 2.4 | 2.4 | 2.3 | 2.1 | 1.8 |
| Depreciation | 6.1 | 7.4 | 6.4 | 6 | 5.7 | 6.4 | 6 | 5.6 | 4.1 | 3.8 | 3.6 | 3.3 | 3 | 3.2 | 3.1 | 2.6 | 1.9 |
| Profit before tax | 109 | 80.8 | 91.5 | 74.5 | 69.1 | 54.6 | 40.2 | 35.3 | 18.2 | 13.9 | 10.6 | 12.2 | 16.5 | 14.1 | 11 | 8.4 | 9.6 |
| Tax | 27.6 | 21.3 | 23.3 | 19.6 | 18.6 | 12.4 | 10.7 | 8.6 | 4.7 | 1.4 | 3.1 | 3.6 | 4.9 | 4.1 | 3.8 | 2.5 | 2.8 |
| Net profit | 81.6 | 59.5 | 68.2 | 54.9 | 50.6 | 42.3 | 29.5 | 26.7 | 13.5 | 12.5 | 7.4 | 8.6 | 11.6 | 10 | 7.2 | 5.8 | 6.8 |
| Net margin | 20.2% | 15.6% | 18.8% | 17.0% | 17.5% | 18.2% | 14.1% | 13.7% | 10.1% | 9.7% | 7.6% | 7.3% | 10.4% | 9.8% | 7.5% | 7.2% | 9.3% |
| EPS (₹) | 13.66 | 9.97 | 11.43 | 9.18 | 8.48 | 7.09 | 4.96 | 4.48 | 2.27 | 2.10 | 6.24 | 7.22 | 9.69 | 8.39 | 6.01 | 4.90 | 5.68 |
| Net profit YoY | +61.3% | +40.8% | +131.1% | +105.5% | +273.5% | +238.0% | +296.8% | +210.3% | +17.2% | +25.1% | +3.9% | +47.3% | +70.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 1,358 | 771 | 457 | 351 |
| Other income | 11.4 | 18.6 | 13.2 | 6.1 |
| Total expenses | 1,053 | 641 | 417 | 314 |
| EBITDA | 368 | 191 | 73.5 | 56.5 |
| EBITDA margin | 27.1% | 24.8% | 16.1% | 16.1% |
| Finance costs | 37.5 | 39.2 | 19.9 | 8.7 |
| Depreciation | 25.6 | 22.1 | 13.6 | 10.9 |
| Profit before tax | 316 | 148 | 53.2 | 43.1 |
| Tax | 82.7 | 36.3 | 13.1 | 13.3 |
| Net profit | 233 | 112 | 40.1 | 29.8 |
| Net margin | 17.2% | 14.5% | 8.8% | 8.5% |
| EPS (₹) | 39.06 | 18.80 | 6.73 | 24.98 |
| Net profit YoY | +108.1% | +179.4% | +34.7% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | 259 | −58.7 | −153 | 59.3 |
| Investing cash flow | −87.2 | −34 | −62.1 | −99.5 |
| Financing cash flow | −165 | 92.8 | 214 | −7.1 |
| Capital expenditure | 54.1 | 31.7 | 39 | 51.3 |
| Free cash flow (CFO − capex) | 205 | −90.4 | −193 | 8 |
Net profit trend
annual, ₹ croreFY23
₹29.8
FY24
₹40.1+35%
FY25
₹112+179%
FY26
₹233+108%
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 | 11 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF XBRL |
| Q4 FY26 | Standalone · audited | 11 May 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 | 17 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 17 Oct 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 46.5×42.3×
P/B5Y avg 9.43×16.09×
ROEFY26, on average equity40.3%
Net margin17.2%
Debt / equity0.51×
Revenue CAGR (3Y)57.0%
Profit CAGR (3Y)98.6%
EPS (TTM)₹44.25
Market cap₹11,182 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
16.09×
vs 8-point avg 9.43× (+71%)
4.11× low9.43× avg16.09× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,201 Cr+22%
Net worth₹695 Cr+50%
Total borrowings₹355 Cr−26%
Cash & bank balances₹7 Cr+1430%
Investments₹10 Cr+1962%
Inventories₹710 Cr+29%
Trade receivables₹56 Cr−45%
Trade payables₹80 Cr+457%
Change vs the same date a year earlier.