Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q3 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 301 | 399 | 492 | 263 | 281 | 367 | 511 | 268 | 239 | 362 | 474 | 218 | 311 | 336 | 431 | 242 | 317 | 289 | 373 |
| Other income | 29.7 | 26.3 | 21.4 | 19.9 | 25.8 | 22.1 | 22.4 | 18.8 | 20.9 | 23.7 | 15.1 | 14.8 | 14.7 | 11.9 | 8.8 | 9.5 | 6.9 | 10.9 | 11.1 |
| Total expenses | 226 | 278 | 332 | 209 | 215 | 255 | 322 | 197 | 178 | 238 | 277 | 168 | 202 | 205 | 242 | 159 | 190 | 182 | 217 |
| EBITDA | 131 | 179 | 218 | 111 | 121 | 166 | 242 | 122 | 112 | 175 | 242 | 92.7 | 148 | 166 | 219 | 113 | 160 | 140 | 186 |
| EBITDA margin | 43.5% | 44.8% | 44.4% | 42.1% | 42.9% | 45.1% | 47.4% | 45.5% | 47.0% | 48.2% | 51.0% | 42.6% | 47.6% | 49.3% | 50.9% | 46.8% | 50.3% | 48.5% | 49.8% |
| Finance costs | 13 | 13.2 | 14 | 15 | 14.1 | 13.6 | 13.9 | 13.7 | 13.9 | 13.2 | 11.2 | 10.7 | 9.4 | 8.3 | 7.2 | 7.4 | 7.5 | 8.2 | 7.2 |
| Depreciation | 42.2 | 43.9 | 44.2 | 41.7 | 39.8 | 39.5 | 39.1 | 37.3 | 37 | 37.6 | 33.8 | 31.8 | 29.3 | 26.4 | 23.4 | 23.1 | 24.6 | 25 | 22.6 |
| Profit before tax | 106 | 148 | 181 | 74 | 92.5 | 135 | 212 | 89.5 | 82.5 | 147 | 212 | 65 | 124 | 143 | 197 | 92.3 | 135 | 118 | 167 |
| Tax | 24.9 | 33.8 | 46.4 | 18 | 22.2 | 33.6 | 53.5 | 23.1 | 20.6 | 31.9 | 54.1 | 16 | 31.8 | 35.9 | 50.3 | 23.3 | 34.6 | 30.3 | 42.1 |
| Net profit | 80.6 | 114 | 135 | 56.1 | 70.3 | 101 | 158 | 66.4 | 61.9 | 116 | 158 | 49 | 92.3 | 107 | 147 | 69 | 99.9 | 87.4 | 125 |
| Net margin | 26.7% | 28.6% | 27.4% | 21.3% | 25.0% | 27.5% | 30.9% | 24.8% | 25.9% | 31.9% | 33.3% | 22.5% | 29.7% | 31.8% | 34.1% | 28.5% | 31.5% | 30.2% | 33.5% |
| EPS (₹) | 3.32 | 4.71 | 5.55 | 2.31 | 2.89 | 4.16 | 6.50 | 2.73 | 2.55 | 4.76 | 6.49 | 2.02 | 3.80 | 4.41 | 6.05 | 2.84 | 4.12 | 3.58 | 5.11 |
| Net profit YoY | +14.7% | +13.1% | −14.6% | −15.5% | +13.4% | −12.5% | +0.2% | +35.6% | −32.9% | +8.0% | +7.3% | −29.0% | −7.6% | +22.5% | +17.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 1,435 | 1,386 | 1,365 | 1,326 | 1,009 |
| Other income | 93.5 | 85.2 | 68.2 | 37 | 48.5 |
| Total expenses | 1,033 | 952 | 885 | 796 | 644 |
| EBITDA | 628 | 643 | 657 | 658 | 480 |
| EBITDA margin | 43.8% | 46.3% | 48.1% | 49.6% | 47.6% |
| Finance costs | 56.3 | 55.2 | 44.5 | 30.4 | 27.1 |
| Depreciation | 170 | 153 | 132 | 97.5 | 88 |
| Profit before tax | 496 | 519 | 548 | 567 | 414 |
| Tax | 120 | 131 | 134 | 144 | 105 |
| Net profit | 376 | 388 | 415 | 423 | 308 |
| Net margin | 26.2% | 28.0% | 30.4% | 31.9% | 30.6% |
| EPS (₹) | 15.46 | 15.99 | 17.07 | 17.42 | 12.63 |
| Net profit YoY | −3.3% | −6.3% | −2.0% | +37.1% | – |
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 | 481 | 389 | 478 | 459 | 341 |
| Investing cash flow | −102 | −15.9 | −104 | −228 | 62 |
| Financing cash flow | −386 | −377 | −361 | −226 | −406 |
| Capital expenditure | 12.3 | 3.1 | 4 | 4.6 | 2 |
| Free cash flow (CFO − capex) | 469 | 385 | 474 | 454 | 339 |
Net profit trend
annual, ₹ croreFY22
₹308
FY23
₹423+37%
FY24
₹415−2%
FY25
₹388−6%
FY26
₹376−3%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 25 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 8 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF XBRL |
| Q2 FY26 | Standalone | 30 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 30 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 7 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 30 Jan 2025 | PDF on NSE XBRL |
| Q2 FY25 | Consolidated | 29 Oct 2024 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 29 Oct 2024 | PDF on NSE XBRL |
| Q1 FY25 | Consolidated | 29 Jul 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 47.7×33.5×
P/B5Y avg 16.86×6.59×
ROEFY26, on average equity20.0%
Net margin26.2%
Debt / equity0.00×
Revenue CAGR (3Y)2.7%
Profit CAGR (3Y)-3.9%
EPS (TTM)₹15.88
Market cap₹12,938 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
6.59×
vs 8-point avg 16.86× (−61%)
4.34× low16.86× avg30.17× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,853 Cr+4%
Net worth₹1,964 Cr+10%
Total borrowings₹0 Cr
Cash & bank balances₹11 Cr−36%
Investments₹1,214 Cr+16%
Inventories₹145 Cr−28%
Trade receivables₹651 Cr+5%
Trade payables₹62 Cr−39%
Change vs the same date a year earlier.