Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,957 | 3,333 | 3,537 | 3,482 | 3,259 | 2,730 | 2,794 | 2,664 | 2,643 | 2,278 | 2,422 | 2,476 | 2,477 | 2,240 | 2,470 | 2,496 | 2,558 | 2,161 | 2,407 | 2,419 | 2,525 | 2,012 | 2,122 | 1,989 | 1,925 | 1,496 | 1,824 | 1,829 | 2,166 | 1,609 | 1,861 | 1,837 | 2,027 | 1,480 |
| Other income | 48 | 60 | 39 | 49 | 56 | 47 | 42 | 82 | 37 | 15 | 43 | 38 | 46 | 68 | 40 | 19 | 17 | 24 | 22 | 25 | 27 | 29 | 24 | 27 | 19 | 32 | 29 | 35 | 28 | 28 | 21.6 | 29.2 | 24 | 22.9 |
| Total expenses | 3,215 | 2,889 | 3,009 | 2,981 | 2,659 | 2,336 | 2,318 | 2,194 | 2,075 | 1,894 | 1,970 | 2,038 | 1,956 | 1,907 | 2,067 | 2,115 | 2,076 | 1,863 | 2,022 | 2,039 | 2,085 | 1,739 | 1,752 | 1,641 | 1,501 | 1,265 | 1,495 | 1,524 | 1,752 | 1,363 | 1,539 | 1,571 | 1,700 | 1,256 |
| EBITDA | 819 | 521 | 592 | 560 | 655 | 458 | 533 | 522 | 626 | 442 | 513 | 497 | 574 | 393 | 456 | 433 | 528 | 346 | 431 | 423 | 481 | 319 | 413 | 389 | 467 | 282 | 373 | 353 | 461 | 283 | 349 | 294 | 355 | 252 |
| EBITDA margin | 20.7% | 15.6% | 16.7% | 16.1% | 20.1% | 16.8% | 19.1% | 19.6% | 23.7% | 19.4% | 21.2% | 20.1% | 23.2% | 17.5% | 18.5% | 17.3% | 20.6% | 16.0% | 17.9% | 17.5% | 19.0% | 15.9% | 19.5% | 19.6% | 24.3% | 18.9% | 20.4% | 19.3% | 21.3% | 17.6% | 18.8% | 16.0% | 17.5% | 17.0% |
| Finance costs | 21 | 17 | 14 | 12 | 10 | 12 | 13 | 11 | 17 | 17 | 19 | 20 | 17 | 17 | 14 | 15 | 10 | 11 | 10 | 10 | 8 | 10 | 7 | 8 | 9 | 13 | 12 | 13 | 12 | 8 | 4.8 | 5.7 | 5.3 | 5.3 |
| Depreciation | 56 | 60 | 50 | 47 | 45 | 52 | 44 | 41 | 41 | 41 | 42 | 39 | 36 | 43 | 39 | 37 | 36 | 37 | 36 | 33 | 33 | 36 | 36 | 33 | 34 | 38 | 32 | 35 | 35 | 29 | 22.6 | 22.4 | 22.4 | 23.1 |
| Profit before tax | 790 | 504 | 567 | 550 | 656 | 441 | 518 | 552 | 605 | 399 | 495 | 476 | 567 | 401 | 443 | 400 | 499 | 322 | 407 | 405 | 467 | 283 | 394 | 342 | 507 | 253 | 358 | 340 | 423 | 274 | 343 | 295 | 351 | 247 |
| Tax | 138 | 96 | 107 | 118 | 143 | 96 | 112 | 119 | 131 | 79 | 109 | 116 | 131 | 96 | 110 | 93 | 122 | 65 | 90 | 89 | 102 | 56 | 82 | 69 | 117 | 53 | 82 | 88 | 108 | −132 | 91.4 | 77.6 | 91.3 | 64.2 |
| Net profit | 652 | 408 | 460 | 432 | 513 | 345 | 406 | 433 | 474 | 320 | 386 | 360 | 436 | 305 | 333 | 307 | 377 | 257 | 317 | 316 | 365 | 227 | 312 | 273 | 388 | 199 | 276 | 253 | 315 | 405 | 252 | 218 | 260 | 183 |
| Net margin | 16.5% | 12.2% | 13.0% | 12.4% | 15.7% | 12.6% | 14.5% | 16.3% | 17.9% | 14.0% | 15.9% | 14.5% | 17.6% | 13.6% | 13.5% | 12.3% | 14.7% | 11.9% | 13.2% | 13.1% | 14.5% | 11.3% | 14.7% | 13.7% | 20.2% | 13.3% | 15.1% | 13.8% | 14.5% | 25.2% | 13.5% | 11.9% | 12.8% | 12.4% |
| EPS (₹) | 4.86 | 3.04 | 3.45 | 3.24 | 3.90 | 2.65 | 3.08 | 3.26 | 3.60 | 2.46 | 2.97 | 2.73 | 3.30 | 2.34 | 2.53 | 2.32 | 2.88 | 1.95 | 2.40 | 2.39 | 2.76 | 1.70 | 2.38 | 2.05 | 2.95 | 1.51 | 2.11 | 1.92 | 2.39 | 3.11 | 1.92 | 1.66 | 1.98 | 1.40 |
| Net profit YoY | +27.1% | +18.3% | +13.3% | −0.2% | +8.2% | +7.8% | +5.2% | +20.3% | +8.7% | +4.9% | +15.9% | +17.3% | +15.6% | +18.7% | +5.0% | −2.8% | +3.3% | +13.2% | +1.6% | +15.8% | −5.9% | +14.1% | +13.0% | +7.9% | +23.2% | −50.9% | +9.7% | +15.9% | +21.1% | +121.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 13,611 | 10,831 | 9,653 | 9,764 | 9,512 | 8,048 | 7,315 | 7,334 | 6,333 |
| Other income | 204 | 208 | 142 | 144 | 98 | 94 | 124 | 103 | 84.6 |
| Total expenses | 11,538 | 8,923 | 7,858 | 8,165 | 8,009 | 6,630 | 6,036 | 6,173 | 5,301 |
| EBITDA | 2,328 | 2,139 | 2,026 | 1,810 | 1,681 | 1,591 | 1,469 | 1,281 | 1,138 |
| EBITDA margin | 17.1% | 19.7% | 21.0% | 18.5% | 17.7% | 19.8% | 20.1% | 17.5% | 18.0% |
| Finance costs | 53 | 53 | 73 | 56 | 39 | 34 | 50 | 24 | 16.2 |
| Depreciation | 202 | 178 | 158 | 155 | 139 | 139 | 140 | 96 | 89.1 |
| Profit before tax | 2,277 | 2,116 | 1,937 | 1,743 | 1,601 | 1,525 | 1,374 | 1,264 | 1,117 |
| Tax | 464 | 458 | 435 | 421 | 346 | 324 | 331 | 128 | 290 |
| Net profit | 1,813 | 1,658 | 1,502 | 1,322 | 1,255 | 1,199 | 1,043 | 1,135 | 827 |
| Net margin | 13.3% | 15.3% | 15.6% | 13.5% | 13.2% | 14.9% | 14.3% | 15.5% | 13.1% |
| EPS (₹) | 13.62 | 12.59 | 11.46 | 10.08 | 9.50 | 9.08 | 7.91 | 8.67 | 6.32 |
| Net profit YoY | +9.3% | +10.4% | +13.6% | +5.3% | +4.7% | +15.0% | −8.1% | +37.2% | – |
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 | 2,084 | 1,363 | 1,436 | 1,419 | 1,016 |
| Investing cash flow | −722 | −621 | 176 | −929 | 428 |
| Financing cash flow | −1,279 | −649 | −1,542 | −560 | −1,290 |
| Capital expenditure | 319 | 161 | 153 | 182 | 132 |
| Free cash flow (CFO − capex) | 1,765 | 1,202 | 1,283 | 1,237 | 884 |
Net profit trend
annual, ₹ croreFY21
₹1,199
FY22
₹1,255+5%
FY23
₹1,322+5%
FY24
₹1,502+14%
FY25
₹1,658+10%
FY26
₹1,813+9%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 4 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 4 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 5 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 5 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 27 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 27 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 4 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 4 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 48.5×54.5×
P/B5Y avg 19.38×25.29×
ROEFY26, on average equity44.3%
Net margin13.3%
Debt / equity0.08×
Revenue CAGR (3Y)11.7%
Profit CAGR (3Y)11.1%
EPS (TTM)₹15.02
Market cap₹1.06L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
25.29×
vs 8-point avg 19.38× (+30%)
16.42× low19.38× avg25.29× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹10,075 Cr+21%
Net worth₹4,210 Cr+6%
Total borrowings₹355 Cr−6%
Cash & bank balances₹404 Cr+26%
Investments₹2,083 Cr+31%
Inventories₹1,611 Cr+30%
Trade receivables₹1,304 Cr+3%
Trade payables₹1,634 Cr+20%
Change vs the same date a year earlier.
Revenue mix FY26
India76.0%result ₹1,661 Cr
International24.0%result ₹813 Cr
Segment revenue as reported, before inter-segment eliminations.