Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,034 | 1,717 | 1,412 | 655 | 1,504 | 1,910 | 968 | 671 | 1,321 | 1,077 | 532 | 460 | 678 | 828 | 458 | 328 | 535 | 500 | 262 | 198 | 137 | 330 | 184 |
| Other income | 8 | 12.8 | 9.2 | 14.6 | 18.2 | 19.9 | 7.2 | 4.1 | 3.9 | 3.4 | 5 | 3.3 | 1.3 | 1.2 | 2.6 | 8.6 | 2.8 | 16.6 | 0.6 | 0.5 | 0.6 | 1 | 0.6 |
| Total expenses | 1,948 | 1,648 | 1,342 | 664 | 1,437 | 1,750 | 921 | 645 | 1,223 | 989 | 511 | 446 | 637 | 781 | 443 | 326 | 517 | 480 | 256 | 195 | 137 | 315 | 178 |
| EBITDA | 148 | 119 | 117 | 30.1 | 121 | 212 | 85.2 | 56.4 | 131 | 116 | 42 | 37.6 | 65.8 | 75.7 | 35.5 | 19.2 | 34.8 | 35.8 | 16.5 | 12.9 | 9.2 | 24.3 | 15.3 |
| EBITDA margin | 7.3% | 6.9% | 8.3% | 4.6% | 8.1% | 11.1% | 8.8% | 8.4% | 9.9% | 10.8% | 7.9% | 8.2% | 9.7% | 9.1% | 7.8% | 5.8% | 6.5% | 7.2% | 6.3% | 6.5% | 6.7% | 7.4% | 8.3% |
| Finance costs | 35.3 | 26 | 25 | 16.7 | 33.9 | 33.1 | 22.4 | 15 | 18.3 | 15.8 | 9.7 | 12.2 | 14 | 17.6 | 12.1 | 8.9 | 9.4 | 8.7 | 5.3 | 4.4 | 4.2 | 4.8 | 4.6 |
| Depreciation | 26.5 | 23.7 | 22 | 21.6 | 20.8 | 18.7 | 16.4 | 15.4 | 15.1 | 13.6 | 11.3 | 11.1 | 10.7 | 10.5 | 8.6 | 8.1 | 7.7 | 7.2 | 5.7 | 4.7 | 4.5 | 4.8 | 4.6 |
| Profit before tax | 94.4 | 81.8 | 79.1 | 6.3 | 84.7 | 180 | 53.6 | 30.1 | 101 | 90.5 | 26 | 17.6 | 42.4 | 48.9 | 17.4 | 10.7 | 20.5 | 36.9 | 6.9 | 4.4 | 0.9 | 14.4 | 7 |
| Tax | 19.1 | 17.6 | 18.8 | 3.9 | 18 | 33.5 | 13.4 | 10.6 | 16.2 | 18.9 | 6.8 | 5.2 | 8.6 | 8.7 | 3.7 | 3.6 | 4.1 | 9.2 | 1.3 | 0.8 | 0.3 | 4 | 0.5 |
| Net profit | 76.2 | 64.9 | 62 | 2.8 | 67 | 145 | 39.5 | 19.3 | 83.7 | 69.6 | 19.2 | 12.4 | 33.8 | 40.2 | 13.7 | 7.2 | 16.4 | 27.6 | 5.5 | 3.6 | 0.6 | 10.4 | 6.5 |
| Net margin | 3.7% | 3.8% | 4.4% | 0.4% | 4.5% | 7.6% | 4.1% | 2.9% | 6.3% | 6.5% | 3.6% | 2.7% | 5.0% | 4.8% | 3.0% | 2.2% | 3.1% | 5.5% | 2.1% | 1.8% | 0.4% | 3.2% | 3.5% |
| EPS (₹) | 2.67 | 2.27 | 2.18 | 0.09 | 2.37 | 5.32 | 1.47 | 0.74 | 3.21 | 27.72 | 7.17 | 4.99 | 14.85 | 18.22 | 6.47 | 3.37 | 7.73 | 13.27 | 2.69 | 1.82 | 0.30 | 5.34 | 3.33 |
| Net profit YoY | +13.8% | −55.3% | +56.7% | −85.7% | −20.0% | +108.8% | +106.2% | +56.3% | +147.6% | +73.2% | +39.6% | +72.6% | +106.1% | +45.3% | +148.0% | +96.6% | +2643.0% | +164.8% | −14.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 5,288 | 4,870 | 2,746 | 2,160 | 1,098 | 703 |
| Other income | 54.8 | 35.1 | 13 | 4.4 | 18.2 | 2.6 |
| Total expenses | 5,091 | 4,540 | 2,583 | 2,067 | 1,068 | 690 |
| EBITDA | 387 | 484 | 262 | 176 | 74.5 | 49.8 |
| EBITDA margin | 7.3% | 9.9% | 9.5% | 8.2% | 6.8% | 7.1% |
| Finance costs | 102 | 88.9 | 51.7 | 47.9 | 22.5 | 18.4 |
| Depreciation | 88.2 | 65.6 | 46.6 | 35 | 22.1 | 18 |
| Profit before tax | 252 | 365 | 176 | 97.5 | 49 | 15.1 |
| Tax | 58.3 | 73.8 | 39.5 | 20.1 | 11.6 | 3.5 |
| Net profit | 197 | 288 | 135 | 77.5 | 37.4 | 11.6 |
| Net margin | 3.7% | 5.9% | 4.9% | 3.6% | 3.4% | 1.7% |
| EPS (₹) | 6.91 | 10.74 | 54.73 | 35.78 | 18.08 | 5.95 |
| Net profit YoY | −31.7% | +113.3% | +74.1% | +107.0% | +222.2% | – |
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 | 66.2 | −76.6 | 186 | 45.7 | −79.4 |
| Investing cash flow | −198 | −1,201 | −399 | −173 | −161 |
| Financing cash flow | 81.8 | 1,329 | 234 | 112 | 257 |
| Capital expenditure | 785 | 488 | 227 | 155 | 157 |
| Free cash flow (CFO − capex) | −719 | −565 | −40.9 | −109 | −237 |
Net profit trend
annual, ₹ croreFY21
₹11.6
FY22
₹37.4+222%
FY23
₹77.5+107%
FY24
₹135+74%
FY25
₹288+113%
FY26
₹197−32%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 6 Aug 2026 | PDF XBRL |
| Q1 FY27 | Standalone | 6 Aug 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 27 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 27 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 | 13 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 8 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)71.9×
P/B4.85×
ROEFY26, on average equity6.7%
Net margin3.7%
Debt / equity0.20×
Revenue CAGR (3Y)34.8%
Profit CAGR (3Y)36.4%
EPS (TTM)₹7.21
Market cap₹14,795 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹5,947 Cr+16%
Net worth₹3,049 Cr+8%
Total borrowings₹597 Cr+98%
Cash & bank balances₹32 Cr−61%
Investments₹11 Cr+35%
Inventories₹1,601 Cr+22%
Trade receivables₹1,184 Cr+21%
Trade payables₹1,757 Cr+28%
Change vs the same date a year earlier.