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 | 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 | 3,125 | 2,065 | 1,966 | 1,789 | 1,852 | 1,716 | 1,715 | 1,674 | 1,741 | 1,642 | 1,824 | 1,444 | 1,462 | 1,471 | 1,449 | 1,376 | 1,277 | 1,266 | 1,281 | 1,397 | 1,211 | 1,238 | 1,197 | 1,337 | 1,264 | 1,160 | 1,162 | 1,275 | 1,215 | 1,186 | 1,213 | 1,075 |
| Other income | 77.6 | 71.3 | 60.5 | 66.3 | 72.5 | 81.9 | 69.7 | 105 | 48 | 82.5 | 93.9 | 65.1 | 101 | 61.3 | 40.8 | 45.6 | 42.1 | 35.7 | 26.5 | 30.1 | 43.9 | 22.7 | 17.7 | 47.8 | 37.1 | 62.1 | 46.1 | 32 | 61.3 | 17 | 49.7 | 48.9 |
| Total expenses | 1,264 | 1,016 | 1,169 | 1,058 | 1,019 | 959 | 1,015 | 950 | 917 | 940 | 983 | 913 | 856 | 846 | 870 | 836 | 749 | 709 | 681 | 689 | 650 | 658 | 652 | 678 | 765 | 663 | 672 | 686 | 709 | 698 | 727 | 738 |
| EBITDA | 1,877 | 1,056 | 820 | 755 | 846 | 765 | 714 | 751 | 847 | 734 | 869 | 558 | 621 | 651 | 606 | 567 | 552 | 585 | 630 | 733 | 590 | 611 | 578 | 690 | 565 | 526 | 518 | 619 | 522 | 499 | 499 | 352 |
| EBITDA margin | 60.0% | 51.1% | 41.7% | 42.2% | 45.7% | 44.6% | 41.6% | 44.8% | 48.6% | 44.7% | 47.6% | 38.6% | 42.5% | 44.3% | 41.8% | 41.2% | 43.2% | 46.2% | 49.1% | 52.4% | 48.7% | 49.4% | 48.3% | 51.6% | 44.7% | 45.4% | 44.6% | 48.5% | 43.0% | 42.1% | 41.1% | 32.8% |
| Finance costs | 0.7 | −7.9 | 6.9 | 7.8 | −4.3 | −9.3 | −3.3 | 8.4 | 4.7 | 13.9 | 9.4 | 8 | −3.2 | 7.7 | 6.6 | 5.3 | 4.5 | 3.3 | 4.8 | −0.4 | 4.6 | 5 | 5.3 | 4.3 | 39.6 | 2.5 | 2.6 | 2.7 | 0 | 0 | 0 | 0 |
| Depreciation | 14.7 | 15.4 | 15.8 | 16.5 | 17.7 | 16.9 | 16.9 | 17.8 | 17.5 | 17.8 | 19 | 19 | 18.5 | 18.7 | 20.6 | 21.7 | 19.8 | 23.8 | 24.7 | 24.5 | 24.1 | 26.2 | 27.2 | 26.6 | 27.4 | 26.8 | 25.6 | 26.5 | 16.2 | 11.9 | 12.5 | 14.9 |
| Profit before tax | 1,939 | 1,120 | 857 | 797 | 905 | 839 | 770 | 829 | 873 | 785 | 934 | 596 | 707 | 686 | 620 | 585 | 570 | 593 | 627 | 738 | 605 | 603 | 563 | 707 | 535 | 559 | 536 | 622 | 567 | 505 | 536 | 386 |
| Tax | 523 | 278 | 248 | 251 | 264 | 195 | 229 | 251 | 256 | 225 | 193 | 179 | 206 | 206 | 182 | 188 | 88.1 | 158 | 179 | 214 | 144 | 173 | 171 | 227 | 266 | 102 | 177 | 244 | 241 | 199 | 184 | 151 |
| Net profit | 1,416 | 842 | 610 | 546 | 642 | 644 | 541 | 578 | 617 | 560 | 741 | 417 | 501 | 479 | 437 | 398 | 482 | 435 | 448 | 524 | 460 | 430 | 392 | 480 | 269 | 457 | 359 | 377 | 326 | 306 | 352 | 236 |
| Net margin | 45.3% | 40.8% | 31.0% | 30.5% | 34.7% | 37.5% | 31.6% | 34.5% | 35.4% | 34.1% | 40.6% | 28.9% | 34.3% | 32.6% | 30.2% | 28.9% | 37.7% | 34.4% | 34.9% | 37.5% | 38.0% | 34.7% | 32.7% | 35.9% | 21.3% | 39.4% | 30.9% | 29.6% | 26.8% | 25.8% | 29.0% | 21.9% |
| EPS (₹) | 162.59 | 96.72 | 70.08 | 62.84 | 73.88 | 74.15 | 62.37 | 66.61 | 71.13 | 64.64 | 85.53 | 48.25 | 57.94 | 55.48 | 50.63 | 46.06 | 55.86 | 50.50 | 51.95 | 60.89 | 53.49 | 49.96 | 45.60 | 55.84 | 31.36 | 53.21 | 41.82 | 44.00 | 38.03 | 35.71 | 41.15 | 27.65 |
| Net profit YoY | +120.5% | +30.7% | +12.6% | −5.5% | +4.1% | +15.0% | −26.9% | +38.4% | +23.1% | +16.9% | +69.4% | +5.0% | – | −0.5% | +0.5% | −11.1% | +4.7% | +1.3% | +14.2% | +9.3% | +71.0% | −5.9% | +9.3% | +27.1% | −17.4% | +49.3% | +1.9% | – | +38.3% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 7,672 | 6,847 | 6,373 | 5,698 | 5,221 | 4,984 | 4,861 | 4,959 | 4,527 |
| Other income | 271 | 304 | 342 | 192 | 134 | 132 | 177 | 176 | 90.7 |
| Total expenses | 4,263 | 3,840 | 3,693 | 3,320 | 2,828 | 2,639 | 2,786 | 2,868 | 2,778 |
| EBITDA | 3,477 | 3,076 | 2,783 | 2,471 | 2,499 | 2,469 | 2,229 | 2,145 | 1,811 |
| EBITDA margin | 45.3% | 44.9% | 43.7% | 43.4% | 47.9% | 49.5% | 45.8% | 43.2% | 40.0% |
| Finance costs | 2.5 | 0.5 | 28.1 | 12.7 | 12.2 | 19.1 | 47.4 | 0 | 0 |
| Depreciation | 65.4 | 69.1 | 74.3 | 80.7 | 92.8 | 104 | 106 | 53.7 | 61.5 |
| Profit before tax | 3,680 | 3,311 | 3,022 | 2,570 | 2,528 | 2,477 | 2,252 | 2,267 | 1,840 |
| Tax | 1,041 | 931 | 803 | 764 | 639 | 715 | 790 | 881 | 603 |
| Net profit | 2,639 | 2,380 | 2,219 | 1,806 | 1,889 | 1,762 | 1,462 | 1,386 | 1,237 |
| Net margin | 34.4% | 34.8% | 34.8% | 31.7% | 36.2% | 35.4% | 30.1% | 27.9% | 27.3% |
| EPS (₹) | 303.54 | 274.27 | 256.39 | 209.14 | 219.19 | 204.90 | 170.38 | 161.94 | 145.22 |
| Net profit YoY | +10.9% | +7.2% | +22.9% | −4.4% | +7.2% | +20.5% | +5.5% | +12.0% | – |
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 | 2,638 | 2,199 | 1,791 | 1,758 | 1,856 |
| Investing cash flow | 936 | −2,453 | 1,598 | 137 | −167 |
| Financing cash flow | −3,449 | −2,096 | −1,958 | −1,665 | −1,733 |
| Capital expenditure | 51.7 | 35.2 | 30.1 | 38.1 | 37.6 |
| Free cash flow (CFO − capex) | 2,587 | 2,164 | 1,761 | 1,720 | 1,819 |
Net profit trend
annual, ₹ croreFY21
₹1,762
FY22
₹1,889+7%
FY23
₹1,806−4%
FY24
₹2,219+23%
FY25
₹2,380+7%
FY26
₹2,639+11%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 22 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 22 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 22 Apr 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | 22 Apr 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 21 Jan 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 21 Jan 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 17 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 17 Oct 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 25.3×27.5×
P/B5Y avg 7.84×11.97×
ROEFY26, on average equity32.6%
Net margin34.4%
Debt / equity0.00×
Revenue CAGR (3Y)10.4%
Profit CAGR (3Y)13.5%
EPS (TTM)₹392.29
Market cap₹93,699 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
11.97×
vs 8-point avg 7.84× (+53%)
3.81× low7.84× avg14.11× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹9,934 Cr−2%
Net worth₹7,827 Cr−6%
Total borrowings₹0 Cr
Cash & bank balances₹1,488 Cr+23%
Investments₹0 Cr
Inventories₹0 Cr
Trade receivables₹1,351 Cr+14%
Trade payables₹94 Cr+34%
Change vs the same date a year earlier.
Revenue mix FY26
Product licenses and related activities90.5%result ₹3,442 Cr
IT solutions and consulting services9.5%result ₹209 Cr
Segment revenue as reported, before inter-segment eliminations.