Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 8,416 | 8,044 | 8,050 | 7,379 | 7,676 | 7,075 | 7,001 | 6,881 | 7,196 | 6,349 | 6,162 | 6,217 | 6,440 | 5,842 | 5,645 | 5,826 | 5,696 | 5,305 | 4,920 | 4,908 | 4,184 | 4,816 | 4,642 | 4,244 | 2,461 | 3,685 | 4,076 | 4,008 | 4,471 | 0 |
| Other income | 195 | 139 | 125 | 108 | 126 | 113 | 98.1 | 113 | 84 | 93.8 | 77.6 | 70.7 | 74.7 | 69.8 | 71.4 | 77.1 | 34.4 | 66 | 69.5 | 88.8 | 92.6 | 57.7 | 63.6 | 44.7 | 43.9 | 60.1 | 74 | 95.5 | 106 | 0 |
| Total expenses | 7,961 | 7,268 | 7,180 | 6,788 | 7,132 | 6,527 | 6,675 | 6,363 | 6,518 | 5,916 | 5,558 | 5,497 | 5,728 | 5,410 | 5,485 | 5,730 | 5,567 | 5,143 | 4,787 | 4,741 | 4,054 | 4,425 | 4,015 | 3,718 | 2,479 | 3,441 | 3,779 | 3,761 | 4,159 | 0 |
| EBITDA | 991 | 1,305 | 1,399 | 1,126 | 1,071 | 1,079 | 835 | 1,011 | 1,160 | 912 | 1,055 | 1,157 | 1,130 | 854 | 562 | 481 | 493 | 540 | 493 | 521 | 496 | 766 | 977 | 867 | 332 | 583 | 622 | 556 | 612 | 0 |
| EBITDA margin | 11.8% | 16.2% | 17.4% | 15.3% | 14.0% | 15.2% | 11.9% | 14.7% | 16.1% | 14.4% | 17.1% | 18.6% | 17.5% | 14.6% | 9.9% | 8.2% | 8.7% | 10.2% | 10.0% | 10.6% | 11.8% | 15.9% | 21.0% | 20.4% | 13.5% | 15.8% | 15.3% | 13.9% | 13.7% | – |
| Finance costs | 88.3 | 86.3 | 91.2 | 90.2 | 98.4 | 97.9 | 93.7 | 83.8 | 84.7 | 93.3 | 90 | 85.5 | 84.2 | 92.5 | 85.9 | 74.6 | 66 | 67.4 | 64.5 | 58 | 63.9 | 76.8 | 66.4 | 55.2 | 76.3 | 72.5 | 76.6 | 71.8 | 72 | 0 |
| Depreciation | 448 | 442 | 438 | 445 | 429 | 433 | 415 | 410 | 396 | 385 | 360 | 351 | 333 | 330 | 316 | 309 | 298 | 311 | 296 | 297 | 302 | 298 | 284 | 285 | 274 | 267 | 249 | 238 | 228 | 0 |
| Profit before tax | 650 | 930 | 917 | 699 | 670 | 661 | 424 | 631 | 763 | 527 | 682 | 791 | 787 | 501 | 231 | 174 | 164 | 228 | 202 | 255 | 222 | 449 | 690 | 571 | 26.1 | 304 | 370 | 342 | 418 | 0 |
| Tax | 154 | 227 | 226 | 173 | 170 | 149 | 109 | 160 | 192 | 131 | 173 | 204 | 198 | 161 | 56.4 | 43.7 | 40.1 | 62.8 | 53 | 66.2 | 56.8 | 117 | 170 | 161 | 12.6 | −375 | 129 | 113 | 145 | 0 |
| Net profit | 495 | 702 | 692 | 526 | 500 | 512 | 315 | 471 | 571 | 396 | 510 | 587 | 589 | 341 | 175 | 130 | 124 | 165 | 149 | 189 | 166 | 332 | 521 | 411 | 13.5 | 679 | 241 | 229 | 273 | 0 |
| Net margin | 5.9% | 8.7% | 8.6% | 7.1% | 6.5% | 7.2% | 4.5% | 6.8% | 7.9% | 6.2% | 8.3% | 9.4% | 9.1% | 5.8% | 3.1% | 2.2% | 2.2% | 3.1% | 3.0% | 3.9% | 4.0% | 6.9% | 11.2% | 9.7% | 0.5% | 18.4% | 5.9% | 5.7% | 6.1% | – |
| EPS (₹) | 1,167.97 | 1,655.80 | 1,631.23 | 1,239.38 | 1,180.04 | 1,207.48 | 743.80 | 1,109.85 | 1,346.38 | 933.97 | 1,201.81 | 1,383.26 | 1,388.19 | 803.26 | 412.21 | 306.19 | 291.44 | 389.55 | 352.24 | 445.77 | 390.41 | 783.16 | 1,227.36 | 968.89 | 31.73 | 1,601.03 | 569.00 | 539.85 | 644.33 | 0.00 |
| Net profit YoY | −1.0% | +37.1% | +119.3% | +11.7% | −12.4% | +29.3% | −38.1% | −19.8% | −3.0% | +16.3% | +191.5% | +351.8% | +376.3% | +106.2% | +17.0% | −31.3% | −25.4% | −50.3% | −71.3% | −54.0% | +1130.2% | −51.1% | +115.7% | +79.5% | −95.1% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 31,149 | 28,153 | 25,169 | 23,009 | 19,317 | 16,163 | 16,239 | 0 |
| Other income | 505 | 408 | 317 | 253 | 317 | 210 | 335 | 0 |
| Total expenses | 28,368 | 26,082 | 22,699 | 22,191 | 18,726 | 14,636 | 15,140 | 0 |
| EBITDA | 4,901 | 4,084 | 4,254 | 2,389 | 2,050 | 2,942 | 2,374 | 0 |
| EBITDA margin | 15.7% | 14.5% | 16.9% | 10.4% | 10.6% | 18.2% | 14.6% | – |
| Finance costs | 366 | 360 | 353 | 319 | 254 | 275 | 293 | 0 |
| Depreciation | 1,754 | 1,654 | 1,430 | 1,253 | 1,205 | 1,141 | 982 | 0 |
| Profit before tax | 3,222 | 2,479 | 2,787 | 1,070 | 908 | 1,737 | 1,434 | 0 |
| Tax | 796 | 610 | 706 | 301 | 239 | 460 | 11.7 | 0 |
| Net profit | 2,426 | 1,869 | 2,081 | 769 | 669 | 1,277 | 1,423 | 0 |
| Net margin | 7.8% | 6.6% | 8.3% | 3.3% | 3.5% | 7.9% | 8.8% | – |
| EPS (₹) | 5,720.39 | 4,407.51 | 4,907.24 | 1,813.10 | 1,577.97 | 3,011.14 | 3,354.20 | 0.00 |
| Net profit YoY | +29.8% | −10.2% | +170.7% | +14.9% | −47.6% | −10.2% | – | – |
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 | 4,590 | 1,868 | 3,301 | 2,755 | −578 |
| Investing cash flow | −3,536 | −2,082 | −2,379 | −1,923 | 165 |
| Financing cash flow | −1,120 | 282 | −868 | −840 | 424 |
| Capital expenditure | 1,434 | 1,308 | 2,155 | 3,291 | 1,707 |
| Free cash flow (CFO − capex) | 3,156 | 560 | 1,145 | −536 | −2,285 |
Net profit trend
annual, ₹ croreFY21
₹1,277
FY22
₹669−48%
FY23
₹769+15%
FY24
₹2,081+171%
FY25
₹1,869−10%
FY26
₹2,426+30%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 11 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 11 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 7 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 7 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 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 | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 30.4×21.8×
P/B5Y avg 2.85×2.51×
ROEFY26, on average equity12.3%
Net margin7.8%
Debt / equity0.11×
Revenue CAGR (3Y)10.6%
Profit CAGR (3Y)46.7%
EPS (TTM)₹5695.92
Market cap₹52,591 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.51×
vs 8-point avg 2.85× (−12%)
2.42× low2.85× avg3.39× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹31,954 Cr+8%
Net worth₹20,975 Cr+13%
Total borrowings₹2,367 Cr−19%
Cash & bank balances₹305 Cr−18%
Investments₹3,398 Cr−25%
Inventories₹5,417 Cr−4%
Trade receivables₹3,542 Cr+5%
Trade payables₹3,211 Cr+14%
Change vs the same date a year earlier.