Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 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 | Q4 FY22 | Q3 FY22 | Q2 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,448 | 2,264 | 2,194 | 2,061 | 1,918 | 1,912 | 1,828 | 1,660 | 1,502 | 2,267 | 2,851 | 252 | 2,342 | 2,335 | 206 | 1,914 | 1,541 | 1,456 | 1,086 |
| Other income | 182 | 178 | 212 | 222 | 241 | 224 | 189 | 175 | 138 | 132 | 149 | 14.4 | 123 | 130 | 7.8 | 99.6 | 108 | 77.3 | 48.1 |
| Total expenses | 2,383 | 2,269 | 2,175 | 2,062 | 2,016 | 2,155 | 2,220 | 2,245 | 2,476 | 2,691 | 3,216 | 294 | 2,800 | 2,631 | 252 | 2,561 | 2,372 | 2,317 | 1,599 |
| EBITDA | 203 | 132 | 156 | 141 | 71.5 | −88.6 | −222 | −403 | −792 | −224 | −160 | −23.1 | −293 | −129 | −33.1 | −538 | −729 | −788 | −452 |
| EBITDA margin | 8.3% | 5.8% | 7.1% | 6.8% | 3.7% | -4.6% | -12.2% | -24.3% | -52.8% | -9.9% | -5.6% | -9.2% | -12.5% | -5.5% | -16.0% | -28.1% | -47.3% | -54.1% | -41.6% |
| Finance costs | 7 | 5 | 4 | 5 | 4 | 4.5 | 4.3 | 3.4 | 4.2 | 5.2 | 5.4 | 0.7 | 6.7 | 7.1 | 0.5 | 5.3 | 7 | 12.5 | 10.2 |
| Depreciation | 131 | 132 | 133 | 137 | 166 | 150 | 165 | 179 | 178 | 196 | 201 | 18 | 159 | 160 | 12.4 | 104 | 95.1 | 60.9 | 50.4 |
| Profit before tax | 247 | 194 | 231 | 31 | 126 | −542 | −203 | 935 | −837 | −520 | −217 | −28 | −336 | −166 | −38.2 | −548 | −724 | −784 | −465 |
| Tax | 27 | 11 | 5 | 9 | 4 | 2.6 | 5 | 8.9 | 1.5 | 14.1 | 0.7 | 1.3 | 4.4 | −0.7 | 1.5 | 14.5 | 0.6 | 5.6 | 2 |
| Net profit | 220 | 183 | 225 | 21 | 123 | −545 | −209 | 930 | −840 | −551 | −222 | −29.2 | −358 | −168 | −39.2 | −572 | −763 | −779 | −474 |
| Net margin | 9.0% | 8.1% | 10.3% | 1.0% | 6.4% | -28.5% | -11.4% | 56.0% | -55.9% | -24.3% | -7.8% | -11.6% | -15.3% | -7.2% | -19.0% | -29.9% | -49.5% | -53.5% | -43.6% |
| EPS (₹) | 3.44 | 2.87 | 3.52 | 0.33 | 1.92 | -8.47 | -3.27 | 14.59 | -13.00 | -9.00 | -3.00 | -5.00 | -6.00 | -3.00 | -6.00 | -9.00 | -12.00 | -12.00 | -8.00 |
| Net profit YoY | +79.6% | +133.6% | +207.9% | −97.7% | +114.6% | +1.1% | +6.0% | +3288.2% | −134.4% | −228.7% | −465.4% | +94.9% | – | +78.0% | +95.0% | −20.7% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 8,437 | 6,900 | 9,978 | 7,990 | 4,974 |
| Other income | 854 | 725 | 547 | 410 | 290 |
| Total expenses | 8,521 | 9,096 | 11,645 | 10,130 | 7,601 |
| EBITDA | 502 | −1,507 | −907 | −1,632 | −2,340 |
| EBITDA margin | 5.9% | -21.8% | -9.1% | -20.4% | -47.0% |
| Finance costs | 18 | 16.4 | 24.3 | 23.3 | 39.4 |
| Depreciation | 568 | 673 | 736 | 485 | 247 |
| Profit before tax | 584 | −648 | −1,353 | −1,730 | −2,339 |
| Tax | 30 | 18 | 32 | 33.6 | 11.3 |
| Net profit | 552 | −663 | −1,422 | −1,777 | −2,396 |
| Net margin | 6.5% | -9.6% | -14.3% | -22.2% | -48.2% |
| EPS (₹) | 8.66 | -10.35 | -22.00 | -27.00 | -38.00 |
| Net profit YoY | +183.2% | +53.4% | +19.9% | +25.9% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | −743 | −121 | 651 | 416 | −1,236 |
| Investing cash flow | 1,719 | −2,043 | 318 | 2,626 | −5,489 |
| Financing cash flow | −50 | −52.7 | −22.1 | −1,112 | 8,054 |
| Capital expenditure | 479 | 322 | 822 | 705 | 507 |
| Free cash flow (CFO − capex) | −1,222 | −443 | −171 | −290 | −1,743 |
Net profit trend
annual, ₹ croreFY22
₹−2,396
FY23
₹−1,777+26%
FY24
₹−1,422+20%
FY25
₹−663+53%
FY26
₹552+183%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 20 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 20 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 6 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 6 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 29 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 4 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 4 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 22 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 22 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 111.2×165.1×
P/B5Y avg 8.13×6.69×
ROEFY26, on average equity3.6%
Net margin6.5%
Debt / equity0.00×
Revenue CAGR (3Y)1.8%
Profit CAGR (3Y)–
EPS (TTM)₹10.14
Market cap₹1.07L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
6.69×
vs 8-point avg 8.13× (−18%)
1.93× low8.13× avg42.05× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹23,915 Cr+12%
Net worth₹16,026 Cr+7%
Total borrowings₹0 Cr−100%
Cash & bank balances₹3,285 Cr+58%
Investments₹4,461 Cr+8%
Inventories₹0 Cr
Trade receivables₹1,186 Cr−9%
Trade payables₹889 Cr+20%
Change vs the same date a year earlier.