Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY25
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 780 | 742 | 721 | 627 | 605 | 603 | 576 | 585 | 578 |
| Other income | 3 | 3.4 | 3.1 | 1.2 | 2.3 | 4.2 | 4.6 | 0.6 | 4.7 |
| Total expenses | 630 | 563 | 590 | 505 | 503 | 571 | 486 | 452 | 458 |
| EBITDA | 413 | 422 | 367 | 336 | 323 | 236 | 309 | 342 | 332 |
| EBITDA margin | 53.0% | 56.9% | 50.9% | 53.5% | 53.3% | 39.2% | 53.7% | 58.4% | 57.5% |
| Finance costs | 260 | 239 | 231 | 208 | 216 | 200 | 214 | 205 | 209 |
| Depreciation | 4 | 4.7 | 4.9 | 5 | 4.2 | 5 | 5.9 | 3.2 | 3.9 |
| Profit before tax | 153 | 182 | 134 | 124 | 105 | 35.5 | 94.5 | 134 | 124 |
| Tax | 38.8 | 42.9 | 33 | 30 | 26.1 | −3.4 | 20.9 | 37.4 | 29.8 |
| Net profit | 114 | 133 | 102 | 91 | 78.2 | 38.4 | 73.2 | 96.1 | 93.6 |
| Net margin | 14.6% | 17.9% | 14.1% | 14.5% | 12.9% | 6.4% | 12.7% | 16.4% | 16.2% |
| EPS (₹) | 7.08 | 8.21 | 6.24 | 5.68 | 5.02 | 2.34 | 4.69 | 7.58 | 10.46 |
| Net profit YoY | +45.8% | +245.7% | +39.0% | −5.4% | −16.4% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 |
|---|---|---|
| Revenue from operations | 2,690 | 2,342 |
| Other income | 10.1 | 14.1 |
| Total expenses | 2,156 | 1,968 |
| EBITDA | 1,448 | 1,220 |
| EBITDA margin | 53.8% | 52.1% |
| Finance costs | 895 | 828 |
| Depreciation | 18.8 | 17.9 |
| Profit before tax | 544 | 388 |
| Tax | 132 | 84.8 |
| Net profit | 404 | 301 |
| Net margin | 15.0% | 12.9% |
| EPS (₹) | 24.99 | 20.08 |
| Net profit YoY | +33.9% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 |
|---|---|---|
| Operating cash flow | −1,532 | −1,047 |
| Investing cash flow | −851 | −388 |
| Financing cash flow | 2,283 | 1,586 |
| Capital expenditure | 15.1 | 18.1 |
| Free cash flow (CFO − capex) | −1,547 | −1,065 |
Net profit trend
annual, ₹ croreFY25
₹301
FY26
₹404+34%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 27 Jul 2026 | PDF XBRL |
| Q1 FY27 | Consolidated | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 27 Jul 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 8 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 8 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 30 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 30 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 31 Oct 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 8.6×11.1×
P/B5Y avg 1.08×1.25×
ROEFY26, on average equity11.0%
Net margin15.0%
Debt / equity2.79×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹27.20
Market cap₹4,862 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.25×
vs 4-point avg 1.08× (+16%)
0.79× low1.08× avg1.46× high
History points are balance-sheet dates (2024 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹16,745 Cr+23%
Net worth₹3,896 Cr+13%
Total borrowings₹10,864 Cr+29%
Cash & bank balances₹231 Cr−30%
Investments₹2,943 Cr+43%
Inventories₹0 Cr
Trade receivables₹21 Cr−0%
Change vs the same date a year earlier.
Revenue mix FY26
Financing activity96.1%result ₹1,467 Cr
Others2.4%result ₹−41.2 Cr
Investment management services1.5%result ₹2.8 Cr
Investment advisory services0.0%result ₹0.2 Cr
Segment revenue as reported, before inter-segment eliminations.