Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,558 | 9,442 | 11,164 | 11,009 | 11,880 | 12,316 | 12,227 | 13,024 | 13,415 | 13,793 | 14,747 | 12,533 | 11,656 | 13,874 | 15,776 | 15,986 | 14,264 | 11,160 | 10,813 | 8,598 | 7,575 | 7,328 | 6,236 | 4,884 | 8,567 | 8,910 | 9,361 | 8,613 | 0 | 0 |
| Other income | 208 | 200 | 214 | 234 | 217 | 197 | 196 | 202 | 178 | 154 | 157 | 154 | 145 | 131 | 180 | 87.9 | 124 | 127 | 75.9 | 68.6 | 49.2 | 99.7 | 142 | 68.4 | 86.5 | 84.2 | 88.5 | 104 | 0 | 0 |
| Total expenses | 4,275 | 7,848 | 10,236 | 10,164 | 10,987 | 11,070 | 11,255 | 12,084 | 12,114 | 12,955 | 13,307 | 11,587 | 10,741 | 13,210 | 14,375 | 15,038 | 13,469 | 10,262 | 9,789 | 7,818 | 6,754 | 6,252 | 5,143 | 4,255 | 8,167 | 8,093 | 8,502 | 7,880 | 0 | 0 |
| EBITDA | 1,535 | 1,861 | 1,198 | 1,117 | 1,159 | 1,512 | 1,247 | 1,202 | 1,563 | 1,104 | 1,705 | 1,215 | 1,182 | 943 | 1,675 | 1,221 | 1,064 | 1,169 | 1,297 | 1,052 | 1,106 | 1,350 | 1,373 | 910 | 698 | 1,108 | 1,160 | 1,024 | 0 | 0 |
| EBITDA margin | 27.6% | 19.7% | 10.7% | 10.1% | 9.8% | 12.3% | 10.2% | 9.2% | 11.6% | 8.0% | 11.6% | 9.7% | 10.1% | 6.8% | 10.6% | 7.6% | 7.5% | 10.5% | 12.0% | 12.2% | 14.6% | 18.4% | 22.0% | 18.6% | 8.1% | 12.4% | 12.4% | 11.9% | – | – |
| Finance costs | 50.7 | 61.5 | 55.9 | 60.9 | 59 | 60.9 | 65.1 | 65.4 | 66.7 | 70.8 | 69.7 | 74.7 | 74.6 | 90.2 | 81.4 | 81.1 | 77.9 | 80.3 | 79.4 | 80 | 81.3 | 81.5 | 85 | 88.1 | 104 | 94 | 105 | 101 | 0 | 0 |
| Depreciation | 201 | 205 | 215 | 211 | 207 | 206 | 210 | 196 | 195 | 194 | 195 | 195 | 192 | 189 | 192 | 192 | 191 | 190 | 194 | 192 | 203 | 192 | 195 | 194 | 194 | 196 | 196 | 190 | 0 | 0 |
| Profit before tax | 1,491 | 1,794 | 1,141 | 1,079 | 1,110 | 1,443 | 1,169 | 1,142 | 1,479 | 992 | 1,597 | 1,140 | 1,092 | 823 | 1,581 | 1,035 | 919 | 1,026 | 1,100 | 848 | 871 | 1,176 | 1,235 | 697 | 486 | 902 | 876 | 838 | 0 | 0 |
| Tax | 383 | 457 | 296 | 277 | 285 | 376 | 302 | 293 | 378 | 258 | 407 | 284 | 272 | 204 | 405 | 250 | 236 | 235 | 282 | 215 | 233 | 294 | 315 | 176 | 127 | 227 | −218 | 278 | 0 | 0 |
| Net profit | 1,137 | 1,371 | 870 | 830 | 842 | 1,095 | 902 | 871 | 1,105 | 764 | 1,213 | 856 | 819 | 646 | 1,196 | 786 | 725 | 791 | 818 | 670 | 638 | 882 | 919 | 500 | 373 | 679 | 1,089 | 562 | 0 | 0 |
| Net margin | 20.5% | 14.5% | 7.8% | 7.5% | 7.1% | 8.9% | 7.4% | 6.7% | 8.2% | 5.5% | 8.2% | 6.8% | 7.0% | 4.7% | 7.6% | 4.9% | 5.1% | 7.1% | 7.6% | 7.8% | 8.4% | 12.0% | 14.7% | 10.2% | 4.4% | 7.6% | 11.6% | 6.5% | – | – |
| EPS (₹) | 7.58 | 9.14 | 5.80 | 5.53 | 5.61 | 7.30 | 6.01 | 5.80 | 7.37 | 5.10 | 8.09 | 5.70 | 5.46 | 4.13 | 7.98 | 5.24 | 4.83 | 5.27 | 5.45 | 4.47 | 4.25 | 5.88 | 6.13 | 3.33 | 2.49 | 4.53 | 7.26 | 3.75 | 0.00 | 0.00 |
| Net profit YoY | +35.1% | +25.2% | −3.6% | −4.6% | −23.8% | +43.2% | −25.7% | +1.7% | +34.9% | +18.3% | +1.4% | +8.9% | +13.0% | −18.3% | – | −3.9% | +8.2% | +24.0% | −11.1% | +34.1% | +70.9% | +29.9% | −15.6% | −11.1% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 43,495 | 50,982 | 52,729 | 59,899 | 43,169 | 26,023 | 35,452 | 38,395 | 0 |
| Other income | 864 | 773 | 608 | 523 | 396 | 359 | 364 | 446 | 0 |
| Total expenses | 39,235 | 46,522 | 48,590 | 56,140 | 39,006 | 22,424 | 32,642 | 35,612 | 0 |
| EBITDA | 5,335 | 5,524 | 5,205 | 4,854 | 5,249 | 4,718 | 3,989 | 3,293 | 0 |
| EBITDA margin | 12.3% | 10.8% | 9.9% | 8.1% | 12.2% | 18.1% | 11.3% | 8.6% | – |
| Finance costs | 237 | 258 | 290 | 331 | 317 | 336 | 403 | 98.9 | 0 |
| Depreciation | 838 | 806 | 777 | 764 | 768 | 784 | 776 | 411 | 0 |
| Profit before tax | 5,124 | 5,233 | 4,748 | 4,420 | 4,559 | 3,958 | 3,102 | 3,229 | 0 |
| Tax | 1,314 | 1,349 | 1,221 | 1,094 | 1,121 | 1,018 | 413 | 1,078 | 0 |
| Net profit | 3,913 | 3,973 | 3,652 | 3,464 | 3,438 | 2,939 | 2,703 | 2,231 | 0 |
| Net margin | 9.0% | 7.8% | 6.9% | 5.8% | 8.0% | 11.3% | 7.6% | 5.8% | – |
| EPS (₹) | 26.08 | 26.48 | 24.35 | 22.17 | 22.92 | 19.59 | 18.02 | 14.87 | 0.00 |
| Net profit YoY | −1.5% | +8.8% | +5.4% | +0.7% | +17.0% | +8.7% | +21.2% | – | – |
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 | 4,750 | 4,398 | 4,871 | 2,569 | 3,469 |
| Investing cash flow | −1,472 | −3,189 | −1,056 | −1,192 | −1,053 |
| Financing cash flow | −2,200 | −2,152 | −2,154 | −2,368 | −2,211 |
| Capital expenditure | 2,512 | 1,452 | 841 | 1,055 | 72.3 |
| Free cash flow (CFO − capex) | 2,238 | 2,946 | 4,030 | 1,514 | 3,397 |
Net profit trend
annual, ₹ croreFY21
₹2,939
FY22
₹3,438+17%
FY23
₹3,464+1%
FY24
₹3,652+5%
FY25
₹3,973+9%
FY26
₹3,913−2%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 4 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 4 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 7 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 25 Jul 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 25 Jul 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 10.3×10.2×
P/B5Y avg 2.17×1.93×
ROEFY26, on average equity18.6%
Net margin9.0%
Debt / equity0.00×
Revenue CAGR (3Y)-10.1%
Profit CAGR (3Y)4.1%
EPS (TTM)₹28.05
Market cap₹42,975 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.93×
vs 8-point avg 2.17× (−11%)
1.67× low2.17× avg2.71× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹27,440 Cr+1%
Net worth₹22,285 Cr+12%
Total borrowings₹0 Cr
Cash & bank balances₹1,859 Cr+138%
Investments₹742 Cr−57%
Inventories₹907 Cr−25%
Trade receivables₹1,039 Cr−68%
Trade payables₹735 Cr−71%
Change vs the same date a year earlier.