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 | 357 | 453 | 400 | 401 | 321 | 430 | 381 | 361 | 315 | 375 | 324 | 293 | 252 | 305 | 255 | 226 | 188 | 231 | 203 | 185 | 160 | 200 | 186 | 155 | 132 | 191 | 185 | 154 | 131 | 204 | 161 | 150 | 106 | 184 |
| Other income | 36.3 | 4.3 | 20 | 13.2 | 29.4 | 14.1 | 8.4 | 18.5 | 22.6 | 15.1 | 11.2 | 9.3 | 12.5 | 7.9 | 9.4 | 6.6 | 10.1 | 5.1 | 7.2 | 6.9 | 10.6 | 4.6 | 3.5 | 3 | 3.9 | 9.2 | 4 | 4.8 | 2.9 | 2.5 | 4.2 | 5.8 | 7.8 | 2.7 |
| Total expenses | 311 | 311 | 305 | 309 | 286 | 303 | 283 | 287 | 276 | 261 | 255 | 244 | 228 | 217 | 203 | 196 | 175 | 170 | 150 | 144 | 142 | 140 | 123 | 120 | 124 | 148 | 156 | 153 | 130 | 128 | 138 | 132 | 109 | 111 |
| EBITDA | 55.9 | 152 | 106 | 102 | 45 | 137 | 108 | 83 | 47.7 | 123 | 77 | 57.2 | 32.1 | 96.4 | 58.9 | 37.6 | 19.3 | 67.4 | 57.9 | 46.6 | 22.8 | 66.4 | 68.8 | 41.1 | 15.6 | 51.9 | 35.8 | 9.1 | 7.7 | 79.6 | 26.8 | 20.8 | 0.6 | 76.8 |
| EBITDA margin | 15.7% | 33.6% | 26.5% | 25.5% | 14.0% | 31.9% | 28.4% | 23.0% | 15.1% | 32.7% | 23.8% | 19.5% | 12.8% | 31.6% | 23.1% | 16.6% | 10.3% | 29.1% | 28.6% | 25.1% | 14.3% | 33.2% | 37.1% | 26.5% | 11.8% | 27.2% | 19.4% | 5.9% | 5.9% | 39.0% | 16.7% | 13.9% | 0.5% | 41.8% |
| Finance costs | 0.9 | 1 | 2.1 | 1.2 | 1.2 | 1.4 | 1.4 | 1 | 1 | 1.2 | 1.3 | 1.1 | 1.2 | 1.2 | 1.1 | 1.2 | 0.8 | 1.5 | 0.7 | 0.6 | 0.7 | 0.8 | 2.2 | 0.8 | 1.8 | 3.5 | 2.3 | 3.4 | 1.8 | 1.9 | 2.8 | 1.9 | 2 | 2 |
| Depreciation | 9.2 | 9.4 | 9.1 | 9.1 | 9.1 | 8.6 | 8.7 | 8 | 7.7 | 7.4 | 6.9 | 6.9 | 6.8 | 6.8 | 6.2 | 6.1 | 5.6 | 5 | 4.3 | 4.3 | 4.1 | 5.1 | 4.4 | 4.9 | 5.8 | 5.3 | 4.9 | 4.9 | 4.8 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |
| Profit before tax | 82.1 | 138 | 80.1 | 105 | 64.1 | 141 | 107 | 92.6 | 61.5 | 129 | 80 | 58.6 | 36.6 | 96.4 | 61.1 | 36.9 | 22.9 | 66.1 | 60.1 | 48.7 | 28.6 | 65 | 65.7 | 38.5 | 11.9 | 52.4 | 32.7 | 5.7 | 4 | 78.7 | 26.7 | 23.3 | 4.9 | 75.9 |
| Tax | 19.3 | 31.5 | 17.2 | 23.6 | 14.4 | 32.9 | 17.6 | 22.2 | 13.9 | 23.8 | 11.6 | 10.8 | 6.5 | 17.7 | 12.9 | 6.6 | 3.8 | 8.7 | 12.3 | 11.3 | 7 | 12.3 | 30.3 | 9.3 | 2.8 | 10.9 | 8.7 | 1.4 | 1 | 16.2 | 8.6 | 5.5 | 1.1 | 16.5 |
| Net profit | 62.8 | 106 | 62.8 | 81.7 | 49.7 | 108 | 89 | 70.3 | 47.6 | 105 | 68.3 | 47.8 | 30.2 | 78.6 | 48.2 | 30.3 | 19.2 | 57.4 | 47.8 | 37.4 | 21.6 | 52.7 | 35.4 | 29.2 | 9.1 | 41.5 | 24 | 4.2 | 3.1 | 62.5 | 18.1 | 17.8 | 3.9 | 59.5 |
| Net margin | 17.6% | 23.5% | 15.7% | 20.4% | 15.5% | 25.2% | 23.4% | 19.5% | 15.1% | 28.1% | 21.1% | 16.3% | 12.0% | 25.8% | 18.9% | 13.4% | 10.2% | 24.8% | 23.6% | 20.2% | 13.5% | 26.4% | 19.1% | 18.8% | 6.9% | 21.7% | 13.0% | 2.7% | 2.4% | 30.6% | 11.2% | 11.9% | 3.6% | 32.3% |
| EPS (₹) | 4.44 | 7.56 | 4.46 | 5.82 | 3.55 | 7.73 | 6.36 | 5.03 | 3.40 | 7.52 | 4.90 | 6.86 | 4.33 | 11.29 | 6.92 | 4.35 | 2.76 | 8.25 | 6.89 | 5.39 | 3.12 | 7.61 | 5.12 | 4.23 | 1.32 | 6.01 | 3.48 | 0.62 | 0.45 | 9.18 | 2.66 | 2.62 | 0.57 | 9.33 |
| Net profit YoY | +26.3% | −1.9% | −29.4% | +16.2% | +4.5% | +2.9% | +30.2% | +47.2% | +57.8% | +33.9% | +41.8% | +57.8% | +57.2% | +36.9% | +0.8% | −19.0% | −11.2% | +8.9% | +35.0% | +28.0% | +136.9% | +27.2% | +47.8% | +592.1% | +195.7% | −33.7% | +32.7% | −76.2% | −20.2% | +5.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,574 | 1,487 | 1,244 | 974 | 779 | 673 | 661 | 621 | 512 |
| Other income | 67 | 63.6 | 48.1 | 34 | 29.9 | 15 | 21 | 20.4 | 7.6 |
| Total expenses | 1,211 | 1,148 | 988 | 791 | 605 | 506 | 587 | 507 | 426 |
| EBITDA | 406 | 376 | 288 | 212 | 195 | 192 | 105 | 128 | 97.5 |
| EBITDA margin | 25.8% | 25.3% | 23.2% | 21.8% | 25.0% | 28.5% | 15.8% | 20.6% | 19.0% |
| Finance costs | 5.5 | 4.8 | 4.2 | 4.3 | 3.5 | 5.6 | 10.9 | 8.5 | 5.2 |
| Depreciation | 36.6 | 33 | 28 | 24.7 | 17.6 | 20.1 | 19.9 | 6 | 5.8 |
| Profit before tax | 387 | 402 | 304 | 217 | 203 | 181 | 94.7 | 134 | 94.1 |
| Tax | 86.7 | 86.7 | 52.6 | 41 | 39.2 | 54.7 | 22 | 31.4 | 21.2 |
| Net profit | 301 | 315 | 252 | 176 | 164 | 126 | 72.7 | 102 | 72.9 |
| Net margin | 19.1% | 21.2% | 20.2% | 18.1% | 21.1% | 18.8% | 11.0% | 16.5% | 14.2% |
| EPS (₹) | 21.38 | 22.53 | 18.02 | 25.32 | 23.65 | 18.28 | 10.56 | 15.01 | 11.44 |
| Net profit YoY | −4.7% | +25.3% | +42.7% | +7.3% | +29.8% | +73.9% | −28.8% | +40.2% | – |
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 | 232 | 215 | 281 | 136 | 143 |
| Investing cash flow | −162 | −172 | −219 | −94.3 | −80.6 |
| Financing cash flow | −87.4 | −68.1 | −47.5 | −44 | −32 |
| Capital expenditure | 9.8 | 23.3 | 13.8 | 16.8 | 12.7 |
| Free cash flow (CFO − capex) | 222 | 192 | 268 | 120 | 130 |
Net profit trend
annual, ₹ croreFY21
₹126
FY22
₹164+30%
FY23
₹176+7%
FY24
₹252+43%
FY25
₹315+25%
FY26
₹301−5%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 16 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 16 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 | 20 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 20 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 28 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 28 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 18 Jul 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 18 Jul 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 31.5×21.8×
P/B5Y avg 7.06×3.85×
ROEFY26, on average equity18.3%
Net margin19.1%
Debt / equity0.00×
Revenue CAGR (3Y)17.4%
Profit CAGR (3Y)19.5%
EPS (TTM)₹22.22
Market cap₹6,850 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.85×
vs 8-point avg 7.06× (−45%)
3.01× low7.06× avg14.58× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,442 Cr+19%
Net worth₹1,777 Cr+17%
Total borrowings₹0 Cr
Cash & bank balances₹104 Cr−0%
Investments₹703 Cr+38%
Inventories₹0 Cr
Trade receivables₹708 Cr+27%
Trade payables₹55 Cr+9%
Change vs the same date a year earlier.
Revenue mix FY26
EMEA31.1%result ₹140 Cr
India28.8%result ₹72.4 Cr
USA23.4%result ₹108 Cr
APAC16.7%result ₹88.3 Cr
Segment revenue as reported, before inter-segment eliminations.