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 | 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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 410 | 430 | 414 | 385 | 362 | 371 | 374 | 398 | 382 | 397 | 399 | 397 | 370 | 388 | 358 | 338 | 322 | 296 | 273 | 247 | 293 | 223 | 160 | 80.8 | 169 | 188 | 189 | 224 | 243 | 266 | 231 | 0 |
| Other income | 16.9 | 0.7 | 3.2 | 4 | 7.8 | 6.5 | 3.5 | 7.1 | 5.5 | 5.7 | 5.4 | 4.1 | 5.3 | 4.7 | 3.6 | 5.6 | 5.6 | 2.7 | 3.9 | 3.4 | 1.6 | 5.5 | 4.6 | 8.1 | 5.7 | 5 | 4.7 | 3.1 | 4.6 | 6.1 | 3.1 | 0 |
| Total expenses | 392 | 395 | 391 | 364 | 342 | 337 | 339 | 360 | 346 | 353 | 355 | 352 | 335 | 347 | 318 | 306 | 291 | 264 | 248 | 225 | 260 | 212 | 158 | 96.9 | 170 | 178 | 179 | 208 | 223 | 243 | 207 | 0 |
| EBITDA | 64.4 | 80.8 | 69.3 | 66.5 | 63.3 | 72.9 | 73.1 | 77 | 73.1 | 77.5 | 75.3 | 74.5 | 65.4 | 69.5 | 67 | 57.2 | 54.4 | 57.1 | 49.3 | 45.2 | 59.5 | 34.6 | 26.7 | 6.6 | 24 | 31.7 | 34.2 | 42.3 | 44.7 | 51.4 | 45 | 0 |
| EBITDA margin | 15.7% | 18.8% | 16.8% | 17.3% | 17.5% | 19.7% | 19.5% | 19.3% | 19.1% | 19.5% | 18.9% | 18.8% | 17.7% | 17.9% | 18.7% | 16.9% | 16.9% | 19.3% | 18.0% | 18.3% | 20.3% | 15.5% | 16.7% | 8.1% | 14.2% | 16.9% | 18.1% | 18.9% | 18.4% | 19.3% | 19.5% | – |
| Finance costs | 16.3 | 18.3 | 20.3 | 21.2 | 18.3 | 13.7 | 15.5 | 16.1 | 14.5 | 13.3 | 10.9 | 8.7 | 9.6 | 7.3 | 7.4 | 7.2 | 6.3 | 7.5 | 7.2 | 6.5 | 8 | 7.8 | 9.5 | 8 | 8.2 | 8.1 | 10.6 | 11.3 | 10.4 | 12.3 | 6.6 | 0 |
| Depreciation | 29.9 | 27.7 | 26.2 | 24.2 | 25.1 | 25.6 | 22.6 | 23 | 22 | 20.2 | 21 | 20.8 | 20.8 | 20.5 | 19.7 | 17.9 | 16.8 | 16.9 | 16.6 | 16.6 | 18.4 | 15.6 | 14.6 | 14.6 | 17.4 | 13.8 | 13.7 | 14.8 | 14.3 | 16.2 | 14.6 | 0 |
| Profit before tax | 91.3 | 35.4 | 26.1 | 25.1 | 27.7 | 40.1 | 38.5 | 44.9 | 42.1 | 50.4 | 48.9 | 49.7 | 40.3 | 46.6 | 43.6 | 37.7 | 37.8 | 35.9 | 29.3 | 25.4 | 35.3 | 17.6 | 7.2 | −8 | 4.1 | 14.9 | 14.8 | 19.3 | 24.7 | 29.1 | 27 | 0 |
| Tax | 0.9 | −9.3 | 8.5 | 8.5 | 8.5 | 6.9 | 12 | 13 | 12 | 13.6 | 15.3 | 14.3 | 11.3 | 15.9 | 10.5 | 9.4 | 9.4 | 6.5 | 2.8 | 2.5 | 1.2 | 2.5 | 1.8 | 0 | 1 | 3.6 | 2.6 | 4 | 8.5 | 6.3 | 6.3 | 0 |
| Net profit | 90.4 | 44.7 | 17.6 | 16.6 | 19.2 | 33.3 | 26.5 | 31.9 | 30.1 | 36.8 | 33.5 | 35.5 | 29 | 30.8 | 33.1 | 28.3 | 28.4 | 29.4 | 26.5 | 22.9 | 34.1 | 15.1 | 5.4 | −8 | 3.1 | 11.3 | 12.2 | 15.4 | 16.2 | 22.8 | 20.8 | 0 |
| Net margin | 22.1% | 10.4% | 4.2% | 4.3% | 5.3% | 9.0% | 7.1% | 8.0% | 7.9% | 9.3% | 8.4% | 8.9% | 7.8% | 7.9% | 9.2% | 8.4% | 8.8% | 9.9% | 9.7% | 9.3% | 11.6% | 6.8% | 3.4% | -9.9% | 1.8% | 6.0% | 6.5% | 6.9% | 6.7% | 8.6% | 9.0% | – |
| EPS (₹) | 18.73 | 9.27 | 3.64 | 3.43 | 3.97 | 6.90 | 5.50 | 6.61 | 12.47 | 15.24 | 13.90 | 14.69 | 12.01 | 12.75 | 13.69 | 11.73 | 11.77 | 12.18 | 10.99 | 9.49 | 14.14 | 6.27 | 2.24 | -3.31 | 1.27 | 4.69 | 5.05 | 6.20 | 6.70 | 9.45 | 8.60 | 0.00 |
| Net profit YoY | +371.3% | +34.4% | −33.8% | −48.1% | −36.3% | −9.5% | −20.9% | −10.0% | +3.8% | +19.5% | – | +7.3% | +2.4% | +8.3% | +24.6% | +23.7% | −16.7% | +94.2% | +389.6% | +387.0% | +1016.1% | +33.8% | −55.6% | −152.0% | −81.1% | −50.4% | −41.3% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,590 | 1,525 | 1,563 | 1,462 | 1,123 | 744 | 769 | 934 | 0 |
| Other income | 15.6 | 22.6 | 20.5 | 12 | 30.9 | 17.7 | 18.6 | 15.9 | 0 |
| Total expenses | 1,491 | 1,382 | 1,396 | 1,297 | 1,026 | 711 | 735 | 844 | 0 |
| EBITDA | 280 | 296 | 293 | 273 | 192 | 127 | 132 | 180 | 0 |
| EBITDA margin | 17.6% | 19.4% | 18.7% | 18.7% | 17.1% | 17.1% | 17.2% | 19.2% | – |
| Finance costs | 78.2 | 59.8 | 42.6 | 29.6 | 27.7 | 31.2 | 38.3 | 31.6 | 0 |
| Depreciation | 103 | 93.3 | 82.8 | 78.8 | 67.8 | 63.4 | 59.6 | 57.9 | 0 |
| Profit before tax | 115 | 166 | 189 | 177 | 129 | 52.2 | 53.1 | 106 | 0 |
| Tax | 16.2 | 43.9 | 54.5 | 49 | 17.9 | 5.5 | 11.2 | 27.2 | 0 |
| Net profit | 98.7 | 122 | 135 | 128 | 111 | 46.7 | 41.9 | 78.8 | 0 |
| Net margin | 6.2% | 8.0% | 8.6% | 8.8% | 9.9% | 6.3% | 5.5% | 8.4% | – |
| EPS (₹) | 20.44 | 25.24 | 55.84 | 53.00 | 45.98 | 19.35 | 17.37 | 32.66 | 0.00 |
| Net profit YoY | −19.0% | −9.6% | +5.4% | +15.3% | +137.7% | +11.4% | −46.8% | – | – |
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 | 230 | 183 | 131 | 167 | 151 |
| Investing cash flow | −181 | −358 | −232 | −185 | −126 |
| Financing cash flow | −40.7 | 183 | 94.5 | 10.5 | 13.3 |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Free cash flow (CFO − capex) | 230 | 183 | 131 | 167 | 151 |
Net profit trend
annual, ₹ croreFY21
₹46.7
FY22
₹111+138%
FY23
₹128+15%
FY24
₹135+5%
FY25
₹122−10%
FY26
₹98.7−19%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 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 | 6 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 6 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 15.8×17.6×
P/B5Y avg 2.54×3.04×
ROEFY26, on average equity10.6%
Net margin6.2%
Debt / equity1.10×
Revenue CAGR (3Y)2.8%
Profit CAGR (3Y)-8.3%
EPS (TTM)₹35.07
Market cap₹2,975 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.04×
vs 8-point avg 2.54× (+20%)
1.60× low2.54× avg3.40× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,524 Cr+7%
Net worth₹978 Cr+10%
Total borrowings₹1,074 Cr+2%
Cash & bank balances₹225 Cr+3%
Investments₹10 Cr+156%
Inventories₹334 Cr−2%
Trade receivables₹457 Cr+23%
Trade payables₹226 Cr+27%
Change vs the same date a year earlier.