Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6,124 | 4,702 | 5,749 | 6,872 | 3,754 | 3,494 | 4,105 | 3,844 | 2,377 | 2,243 | 2,595 | 3,683 | 3,054 | 3,644 | 4,398 | 2,864 | 2,435 | 1,899 |
| Other income | 21.6 | 39.8 | 31 | 41.7 | 27.3 | 42.1 | 35.2 | 14.9 | 19.2 | 30 | 8.6 | 11 | 19.2 | 69.7 | 5.5 | 6.1 | 9.7 | 25.6 |
| Total expenses | 5,641 | 4,542 | 5,505 | 6,445 | 3,439 | 3,313 | 3,920 | 3,563 | 2,382 | 2,248 | 2,450 | 3,574 | 3,232 | 3,684 | 4,161 | 2,802 | 2,360 | 1,872 |
| EBITDA | 720 | 442 | 472 | 657 | 466 | 347 | 336 | 425 | 147 | 148 | 282 | 256 | −38.6 | 90.6 | 372 | 181 | 157 | 92.4 |
| EBITDA margin | 11.8% | 9.4% | 8.2% | 9.6% | 12.4% | 9.9% | 8.2% | 11.1% | 6.2% | 6.6% | 10.9% | 7.0% | -1.3% | 2.5% | 8.5% | 6.3% | 6.5% | 4.9% |
| Finance costs | 132 | 156 | 127 | 140 | 86.8 | 103 | 86.4 | 81.9 | 90.9 | 95.3 | 82.5 | 95.9 | 92.4 | 79.8 | 87.4 | 72.7 | 51.4 | 42.5 |
| Depreciation | 106 | 126 | 102 | 89.6 | 64.1 | 63.1 | 64.8 | 62.6 | 61.2 | 57.8 | 55.2 | 50.7 | 47 | 50.5 | 47.1 | 46.8 | 30.8 | 23.4 |
| Profit before tax | 526 | 202 | 233 | 469 | 342 | 223 | 220 | 296 | 14.2 | 25 | 154 | 120 | −159 | 30.1 | 243 | 68 | 84.8 | 52.1 |
| Tax | 134 | 46.6 | 51.3 | 127 | 86 | 62.9 | 61.5 | 68.3 | 7.8 | 4.7 | 44.6 | 30.9 | −39.4 | 20.6 | 62 | 17.3 | 22.1 | 16.4 |
| Net profit | 393 | 156 | 182 | 342 | 256 | 160 | 159 | 228 | 5.4 | 21.5 | 109 | 89.4 | −120 | 10 | 180 | 51.1 | 62.8 | 35.7 |
| Net margin | 6.4% | 3.3% | 3.2% | 5.0% | 6.8% | 4.6% | 3.9% | 5.9% | 0.2% | 1.0% | 4.2% | 2.4% | -3.9% | 0.3% | 4.1% | 1.8% | 2.6% | 1.9% |
| EPS (₹) | 3.78 | 1.50 | 1.75 | 3.30 | 3.14 | 1.96 | 1.95 | 2.79 | 0.07 | 0.26 | 1.33 | 1.10 | -1.47 | 0.18 | 2.21 | 0.63 | 0.93 | 0.63 |
| Net profit YoY | +53.4% | −2.8% | +14.7% | +50.2% | +4655.6% | +644.3% | +45.7% | +154.5% | +104.5% | +115.4% | −39.6% | +75.0% | −291.1% | −72.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 21,826 | 13,820 | 11,575 | 13,341 | 7,859 |
| Other income | 147 | 111 | 68.8 | 91.1 | 39.3 |
| Total expenses | 20,605 | 13,178 | 11,504 | 13,006 | 7,364 |
| EBITDA | 2,152 | 1,256 | 648 | 801 | 671 |
| EBITDA margin | 9.9% | 9.1% | 5.6% | 6.0% | 8.5% |
| Finance costs | 528 | 362 | 366 | 291 | 85.5 |
| Depreciation | 403 | 252 | 211 | 175 | 90.5 |
| Profit before tax | 1,328 | 753 | 141 | 426 | 534 |
| Tax | 332 | 201 | 40.9 | 122 | 137 |
| Net profit | 996 | 552 | 101 | 304 | 398 |
| Net margin | 4.6% | 4.0% | 0.9% | 2.3% | 5.1% |
| EPS (₹) | 9.60 | 6.77 | 1.22 | 3.90 | 6.91 |
| Net profit YoY | +80.6% | +448.6% | −66.9% | −23.7% | – |
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 | −1,012 | 1,386 | 1,437 | −2,377 | −43.9 |
| Investing cash flow | −558 | −597 | −367 | −419 | −1,099 |
| Financing cash flow | 998 | −6.4 | −1,022 | 2,301 | 1,589 |
| Capital expenditure | 868 | 369 | 412 | 436 | 620 |
| Free cash flow (CFO − capex) | −1,880 | 1,017 | 1,025 | −2,813 | −664 |
Net profit trend
annual, ₹ croreFY22
₹398
FY23
₹304−24%
FY24
₹101−67%
FY25
₹552+449%
FY26
₹996+81%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 28 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 28 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 11 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 11 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 2 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 2 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 6 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 29.1×15.1×
P/B5Y avg 2.16×2.38×
ROEFY26, on average equity18.3%
Net margin4.6%
Debt / equity1.02×
Revenue CAGR (3Y)17.8%
Profit CAGR (3Y)48.5%
EPS (TTM)₹10.33
Market cap₹16,143 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.38×
vs 8-point avg 2.16× (+10%)
1.49× low2.16× avg3.16× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹17,936 Cr+61%
Net worth₹6,783 Cr+66%
Total borrowings₹6,906 Cr+58%
Cash & bank balances₹363 Cr−58%
Investments₹21 Cr−92%
Inventories₹4,627 Cr+102%
Trade receivables₹4,790 Cr+89%
Trade payables₹3,084 Cr+52%
Change vs the same date a year earlier.