Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY20
| ₹ 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 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 28,527 | 28,920 | 29,095 | 28,890 | 28,539 | 29,265 | 26,798 | 25,722 | 24,717 | 24,141 | 236 | 22,391 | 20,992 | 20,061 | 19,639 | 19,336 | 18,602 | 18,853 | 19,176 | 19,268 | 18,965 | 18,149 | 18,435 | 18,158 | 16,914 | 16,193 | 15,873 |
| Other income | 36.3 | −62.9 | 45.8 | 11 | 89.9 | 20.4 | 23.8 | 32.9 | 19.9 | 34.9 | 0.2 | 12.7 | 9 | 13.3 | 23.5 | 8.3 | 11.8 | 20.4 | 39.3 | 14.9 | 8.8 | 6.4 | 6.8 | 13.1 | 18.2 | 61.9 | 4.9 |
| Total expenses | 17,303 | 17,765 | 18,621 | 18,844 | 17,430 | 18,731 | 17,006 | 16,387 | 15,843 | 14,579 | 156 | 13,775 | 13,600 | 12,312 | 13,044 | 12,740 | 13,103 | 13,428 | 13,133 | 12,967 | 13,413 | 13,159 | 13,459 | 12,887 | 12,311 | 14,682 | 11,050 |
| EBITDA | 28,492 | 28,504 | 28,064 | 27,376 | 28,327 | 27,134 | 26,367 | 25,354 | 24,405 | 24,729 | 228 | 22,942 | 21,074 | 20,400 | 18,739 | 18,020 | 16,348 | 16,361 | 17,287 | 17,545 | 16,872 | 16,241 | 16,313 | 16,517 | 15,477 | 12,009 | 15,091 |
| EBITDA margin | 99.9% | 98.6% | 96.5% | 94.8% | 99.3% | 92.7% | 98.4% | 98.6% | 98.7% | 102.4% | 96.6% | 102.5% | 100.4% | 101.7% | 95.4% | 93.2% | 87.9% | 86.8% | 90.2% | 91.1% | 89.0% | 89.5% | 88.5% | 91.0% | 91.5% | 74.2% | 95.1% |
| Finance costs | 17,250 | 17,333 | 17,572 | 17,314 | 17,204 | 16,584 | 16,560 | 16,006 | 15,519 | 15,152 | 148 | 14,313 | 13,670 | 12,637 | 12,129 | 11,413 | 10,837 | 10,926 | 11,235 | 11,235 | 11,313 | 11,244 | 11,330 | 11,240 | 10,869 | 10,491 | 10,262 |
| Depreciation | 18 | 15.5 | 17.9 | 15.3 | 14.3 | 15.8 | 14.6 | 13 | 12.3 | 14.9 | 0.1 | 12.7 | 12.1 | 14.2 | 14.1 | 11.9 | 11.5 | 9.5 | 9.3 | 9.5 | 6.5 | 7.4 | 6.6 | 5.9 | 5.6 | 7.6 | 6.1 |
| Profit before tax | 11,260 | 11,092 | 10,502 | 10,057 | 11,199 | 10,555 | 9,816 | 9,368 | 8,894 | 9,597 | 79.6 | 8,629 | 7,401 | 7,762 | 6,619 | 6,604 | 5,511 | 5,446 | 6,082 | 6,316 | 5,561 | 4,996 | 4,983 | 5,284 | 4,621 | 1,572 | 4,828 |
| Tax | 2,262 | 2,494 | 2,290 | 2,223 | 2,218 | 2,196 | 2,057 | 2,153 | 1,712 | 2,041 | 16.7 | 2,001 | 1,419 | 1,633 | 1,378 | 1,375 | 932 | 1,150 | 1,188 | 1,268 | 1,009 | 1,099 | 1,007 | 999 | 1,069 | 882 | 1,448 |
| Net profit | 8,998 | 8,598 | 8,212 | 7,834 | 8,981 | 8,358 | 7,760 | 7,215 | 7,182 | 7,556 | 62.9 | 6,628 | 5,982 | 6,129 | 5,241 | 5,229 | 4,580 | 4,296 | 4,894 | 5,023 | 4,555 | 3,906 | 3,963 | 4,290 | 3,557 | 694 | 3,387 |
| Net margin | 31.5% | 29.7% | 28.2% | 27.1% | 31.5% | 28.6% | 29.0% | 28.0% | 29.1% | 31.3% | 26.7% | 29.6% | 28.5% | 30.6% | 26.7% | 27.0% | 24.6% | 22.8% | 25.5% | 26.1% | 24.0% | 21.5% | 21.5% | 23.6% | 21.0% | 4.3% | 21.3% |
| EPS (₹) | 21.25 | 21.21 | 19.07 | 17.40 | 20.81 | 19.14 | 17.66 | 16.07 | 16.80 | 17.04 | 14.33 | 14.65 | 17.33 | 17.71 | 14.62 | 14.91 | 12.94 | 12.14 | 13.56 | 14.20 | 13.18 | 11.07 | 10.96 | 12.31 | 10.16 | 1.78 | 9.84 |
| Net profit YoY | +0.2% | +2.9% | +5.8% | +8.6% | +25.1% | +10.6% | +12227.6% | +8.9% | +20.1% | +23.3% | −98.8% | +26.7% | +30.6% | +42.7% | +7.1% | +4.1% | +0.5% | +10.0% | +23.5% | +17.1% | +28.0% | +463.1% | +17.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,15,444 | 1,06,502 | 91,097 | 77,568 | 76,262 | 71,656 | 62,189 |
| Other income | 83.3 | 97.1 | 78.2 | 56.9 | 83.3 | 44.6 | 85.9 |
| Total expenses | 72,659 | 67,966 | 57,587 | 51,129 | 52,940 | 51,816 | 48,204 |
| EBITDA | 1,12,263 | 1,03,261 | 91,526 | 73,508 | 68,065 | 64,549 | 54,854 |
| EBITDA margin | 97.2% | 97.0% | 100.5% | 94.8% | 89.3% | 90.1% | 88.2% |
| Finance costs | 69,415 | 64,670 | 57,962 | 47,017 | 44,709 | 44,684 | 40,845 |
| Depreciation | 63 | 55.7 | 53.4 | 51.8 | 34.8 | 25.5 | 24.4 |
| Profit before tax | 42,850 | 38,632 | 33,588 | 26,496 | 23,405 | 19,884 | 14,071 |
| Tax | 9,224 | 8,118 | 7,127 | 5,317 | 4,614 | 4,175 | 4,615 |
| Net profit | 33,625 | 30,514 | 26,461 | 21,179 | 18,768 | 15,716 | 9,477 |
| Net margin | 29.1% | 28.7% | 29.0% | 27.3% | 24.6% | 21.9% | 15.2% |
| EPS (₹) | 78.49 | 69.67 | 59.88 | 60.19 | 53.08 | 44.50 | 26.98 |
| Net profit YoY | +10.2% | +15.3% | +24.9% | +12.8% | +19.4% | +65.8% | – |
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 | −4,505 | −92,269 | −97,820 | −74,699 | 1,632 |
| Investing cash flow | 2,755 | −2,312 | −3,409 | −1,694 | −367 |
| Financing cash flow | 9,306 | 94,258 | 1,01,261 | 75,518 | −5,279 |
| Capital expenditure | 337 | 837 | 323 | 123 | 120 |
| Free cash flow (CFO − capex) | −4,842 | −93,106 | −98,144 | −74,822 | 1,512 |
Net profit trend
annual, ₹ croreFY21
₹15,716
FY22
₹18,768+19%
FY23
₹21,179+13%
FY24
₹26,461+25%
FY25
₹30,514+15%
FY26
₹33,625+10%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 13 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 13 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 5 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 5 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 7 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 3.3×3.3×
P/B5Y avg 0.87×0.84×
ROEFY26, on average equity26.8%
Net margin29.1%
Debt / equity2.65×
Revenue CAGR (3Y)14.2%
Profit CAGR (3Y)16.7%
EPS (TTM)₹101.94
Market cap₹1.12L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.84×
vs 10-point avg 0.87× (−3%)
0.36× low0.87× avg1.27× high
History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹12.45L Cr+6%
Net worth₹1.33L Cr+13%
Total borrowings₹3.52L Cr+2%
Cash & bank balances₹1,409 Cr+342%
Investments₹15,549 Cr+22%
Inventories₹0 Cr
Trade receivables₹327 Cr+19%
Change vs the same date a year earlier.