Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 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 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,943 | 3,850 | 3,601 | 2,929 | 2,626 | 3,174 | 3,144 | 2,757 | 2,357 | 3,104 | 2,362 | 1,828 | 2,173 | 2,079 | 1,816 | 1,702 | 2,230 | 1,396 | 1,553 | 1,570 | 1,214 | 1,105 | 1,461 | 1,100 |
| Other income | 313 | 283 | 262 | 271 | 289 | 310 | 286 | 254 | 271 | 349 | 269 | 251 | 233 | 211 | 176 | 164 | 136 | 129 | 103 | 90.1 | 88.1 | 273 | 96 | 107 |
| Total expenses | 2,569 | 3,340 | 2,743 | 2,266 | 2,348 | 3,114 | 2,367 | 2,271 | 1,739 | 2,604 | 1,845 | 1,673 | 2,022 | 1,890 | 1,540 | 1,605 | 2,076 | 1,343 | 1,370 | 1,504 | 1,163 | 1,081 | 1,389 | 1,047 |
| EBITDA | 447 | 543 | 887 | 695 | 302 | 90 | 817 | 511 | 642 | 524 | 539 | 177 | 172 | 211 | 296 | 118 | 174 | 77.3 | 202 | 85.2 | 70.3 | 43 | 92.3 | 72.6 |
| EBITDA margin | 15.2% | 14.1% | 24.6% | 23.7% | 11.5% | 2.8% | 26.0% | 18.5% | 27.2% | 16.9% | 22.8% | 9.7% | 7.9% | 10.1% | 16.3% | 6.9% | 7.8% | 5.5% | 13.0% | 5.4% | 5.8% | 3.9% | 6.3% | 6.6% |
| Finance costs | 44.3 | 10 | 6 | 7.8 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.3 | 1.3 | 1.3 | 1.3 | 2 | 1.5 | 1.5 | 1.5 | 1.4 | 1.9 | 1.9 | 1.9 | 2.1 | 2.1 | 2.1 |
| Depreciation | 29 | 22.9 | 23.2 | 23.5 | 23.1 | 28.6 | 39.9 | 23.4 | 23.4 | 22.9 | 20.3 | 20.2 | 19.7 | 20.4 | 18.4 | 18.5 | 18.4 | 22.9 | 17.1 | 17.3 | 17.2 | 17.2 | 17.7 | 18 |
| Profit before tax | 686 | 793 | 1,120 | 934 | 567 | 370 | 1,063 | 740 | 889 | 849 | 786 | 407 | 383 | 400 | 452 | 261 | 290 | 182 | 286 | 156 | 125 | 297 | 160 | 133 |
| Tax | 174 | 161 | 283 | 224 | 148 | 79.4 | 294 | 188 | 223 | 222 | 195 | 103 | 96.7 | 103 | 114 | 66.5 | 73 | 37.1 | 86.1 | 30.5 | 32.5 | 66.1 | 32.7 | 52 |
| Net profit | 550 | 674 | 880 | 749 | 452 | 325 | 807 | 585 | 696 | 663 | 627 | 333 | 314 | 326 | 354 | 214 | 225 | 159 | 215 | 135 | 102 | 259 | 141 | 99.4 |
| Net margin | 18.7% | 17.5% | 24.4% | 25.6% | 17.2% | 10.2% | 25.7% | 21.2% | 29.5% | 21.4% | 26.5% | 18.2% | 14.5% | 15.7% | 19.5% | 12.6% | 10.1% | 11.4% | 13.9% | 8.6% | 8.4% | 23.4% | 9.7% | 9.0% |
| EPS (₹) | 13.62 | 16.84 | 21.81 | 18.58 | 11.21 | 8.06 | 20.01 | 29.01 | 34.51 | 32.87 | 31.08 | 16.50 | 15.59 | 16.17 | 17.56 | 10.61 | 11.14 | 7.88 | 10.67 | 6.69 | 5.04 | 12.85 | 7.01 | 4.93 |
| Net profit YoY | +21.7% | +107.2% | +9.0% | +28.1% | −35.0% | −50.9% | +28.8% | +75.8% | +121.4% | +103.2% | +77.0% | +55.6% | +39.8% | +105.1% | +64.6% | +58.4% | +121.2% | −38.6% | +52.2% | +35.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 13,006 | 11,432 | 9,467 | 7,827 | 5,733 | 4,050 |
| Other income | 1,139 | 1,121 | 1,101 | 687 | 410 | 574 |
| Total expenses | 10,909 | 9,491 | 8,143 | 7,111 | 5,380 | 3,894 |
| EBITDA | 2,266 | 2,060 | 1,412 | 798 | 435 | 224 |
| EBITDA margin | 17.4% | 18.0% | 14.9% | 10.2% | 7.6% | 5.5% |
| Finance costs | 71.6 | 4.4 | 5.1 | 6.4 | 7.2 | 8.4 |
| Depreciation | 96.7 | 115 | 83.1 | 75.6 | 74.5 | 59.7 |
| Profit before tax | 3,237 | 3,062 | 2,425 | 1,403 | 749 | 604 |
| Tax | 815 | 784 | 616 | 357 | 186 | 150 |
| Net profit | 2,578 | 2,414 | 1,937 | 1,119 | 611 | 514 |
| Net margin | 19.8% | 21.1% | 20.5% | 14.3% | 10.7% | 12.7% |
| EPS (₹) | 64.04 | 59.83 | 96.04 | 55.48 | 30.29 | 25.48 |
| Net profit YoY | +6.8% | +24.6% | +73.1% | +83.2% | +18.9% | – |
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 | −2,891 | 2,078 | 684 | 858 | −163 |
| Investing cash flow | 1,209 | −1,299 | 1,420 | 508 | 326 |
| Financing cash flow | −738 | −712 | −449 | −218 | −183 |
| Capital expenditure | 64.1 | 743 | −103 | 136 | 32 |
| Free cash flow (CFO − capex) | −2,955 | 1,335 | 581 | 722 | −195 |
Net profit trend
annual, ₹ croreFY21
₹514
FY22
₹611+19%
FY23
₹1,119+83%
FY24
₹1,937+73%
FY25
₹2,414+25%
FY26
₹2,578+7%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 30 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 30 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 5 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 5 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 27 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 27 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 28 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 28 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 27.0×31.1×
P/B5Y avg 8.19×9.10×
ROEFY26, on average equity29.1%
Net margin19.8%
Debt / equity0.05×
Revenue CAGR (3Y)18.4%
Profit CAGR (3Y)32.1%
EPS (TTM)₹70.75
Market cap₹88,727 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
9.10×
vs 8-point avg 8.19× (+11%)
2.31× low8.19× avg13.43× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹27,458 Cr−4%
Net worth₹9,755 Cr+23%
Total borrowings₹440 Cr
Cash & bank balances₹2,731 Cr−48%
Investments₹915 Cr+20%
Inventories₹2,617 Cr−42%
Trade receivables₹2,606 Cr+144%
Trade payables₹4,513 Cr+21%
Change vs the same date a year earlier.