Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY19
| ₹ 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 | Q2 FY20 | Q1 FY20 | Q4 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 8,210 | 8,864 | 7,636 | 6,477 | 5,906 | 6,986 | 5,226 | 5,498 | 4,698 | 5,592 | 4,340 | 4,218 | 3,889 | 4,324 | 3,715 | 3,332 | 2,737 | 3,970 | 3,372 | 3,129 | 1,881 | 3,037 | 2,799 | 2,114 | 977 | 2,129 | 2,507 | 2,242 | 1,933 | 2,445 |
| Other income | 105 | 60.4 | 50.5 | 45.4 | 79.9 | 48.1 | 25 | 76.2 | 58.4 | 53.8 | 71 | 35.3 | 64 | 51.5 | 39.7 | −2.2 | 44.3 | 16.8 | 21.6 | 26.4 | 25.3 | 27.4 | 34.5 | 32.7 | 33.6 | 46.5 | 0.3 | 12.4 | 51.9 | 36.1 |
| Total expenses | 7,256 | 7,876 | 6,844 | 5,602 | 5,185 | 6,073 | 4,634 | 4,984 | 4,223 | 4,920 | 3,865 | 3,696 | 3,423 | 3,796 | 3,273 | 2,971 | 2,485 | 3,556 | 3,069 | 2,889 | 1,805 | 2,682 | 2,480 | 1,858 | 980 | 1,887 | 2,217 | 2,022 | 1,779 | 2,281 |
| EBITDA | 1,136 | 1,161 | 966 | 1,021 | 858 | 1,025 | 720 | 632 | 583 | 762 | 570 | 609 | 549 | 610 | 504 | 428 | 311 | 476 | 362 | 303 | 139 | 421 | 376 | 312 | 57.5 | 301 | 339 | 272 | 205 | 225 |
| EBITDA margin | 13.8% | 13.1% | 12.7% | 15.8% | 14.5% | 14.7% | 13.8% | 11.5% | 12.4% | 13.6% | 13.1% | 14.4% | 14.1% | 14.1% | 13.6% | 12.8% | 11.4% | 12.0% | 10.7% | 9.7% | 7.4% | 13.9% | 13.4% | 14.8% | 5.9% | 14.1% | 13.5% | 12.1% | 10.6% | 9.2% |
| Finance costs | 80 | 74.6 | 68.7 | 48.4 | 51.3 | 32.5 | 49.8 | 45.3 | 41.3 | 24.4 | 32.2 | 26.8 | 24.9 | 28.2 | 9.3 | 13.9 | 8.4 | 12.5 | 7.8 | 8.8 | 12.2 | 16.6 | 8.8 | 11.4 | 16.3 | 15.9 | 8.6 | 12.7 | 12.3 | 26.2 |
| Depreciation | 103 | 97.8 | 106 | 96.8 | 85.7 | 80.4 | 78.6 | 72.1 | 67.1 | 65.7 | 61.9 | 60.3 | 57.1 | 53.5 | 52.5 | 52.3 | 51 | 50.3 | 51.1 | 53.8 | 52.1 | 48.9 | 47.8 | 45.6 | 44.3 | 42.2 | 40.7 | 39.5 | 38.5 | 34.3 |
| Profit before tax | 1,058 | 1,049 | 842 | 921 | 801 | 961 | 617 | 590 | 533 | 725 | 546 | 557 | 530 | 579 | 482 | 359 | 296 | 430 | 324 | 267 | 100 | 383 | 354 | 288 | 40.3 | 289 | 290 | 232 | 206 | 200 |
| Tax | 262 | 264 | 212 | 228 | 201 | 226 | 152 | 145 | 132 | 172 | 130 | 127 | 128 | 145 | 120 | 88 | 72.2 | 105 | 76.3 | 65.8 | 22.9 | 101 | 90.5 | 66.4 | −78.5 | 68 | 68.6 | 36.5 | 71.3 | 65.2 |
| Net profit | 797 | 786 | 630 | 693 | 600 | 734 | 464 | 445 | 402 | 553 | 417 | 430 | 403 | 428 | 361 | 270 | 223 | 325 | 316 | 201 | 75.3 | 283 | 264 | 222 | 118 | 215 | 221 | 194 | 135 | 137 |
| Net margin | 9.7% | 8.9% | 8.3% | 10.7% | 10.2% | 10.5% | 8.9% | 8.1% | 8.5% | 9.9% | 9.6% | 10.2% | 10.4% | 9.9% | 9.7% | 8.1% | 8.1% | 8.2% | 9.4% | 6.4% | 4.0% | 9.3% | 9.4% | 10.5% | 12.0% | 10.1% | 8.8% | 8.6% | 7.0% | 5.6% |
| EPS (₹) | 52.09 | 52.18 | 41.30 | 45.54 | 39.36 | 48.31 | 30.42 | 29.25 | 26.35 | 36.37 | 27.50 | 28.38 | 26.66 | 28.37 | 23.90 | 17.90 | 14.70 | 21.57 | 16.52 | 13.27 | 4.96 | 18.88 | 17.61 | 14.81 | 7.90 | 14.38 | 14.73 | 12.92 | 9.12 | 9.74 |
| Net profit YoY | +32.8% | +7.0% | +35.7% | +55.6% | +49.3% | +32.7% | +11.5% | +3.6% | −0.3% | +29.2% | +15.4% | +58.9% | +81.0% | +31.7% | +14.1% | +34.9% | +195.7% | +14.9% | +19.9% | −9.5% | −36.0% | +31.6% | +19.1% | +14.3% | −13.1% | +56.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 28,884 | 22,408 | 18,039 | 14,108 | 12,204 | 8,927 | 8,830 | 7,956 |
| Other income | 236 | 208 | 221 | 133 | 89.9 | 128 | 92.8 | 93.3 |
| Total expenses | 25,507 | 19,915 | 15,901 | 12,525 | 11,175 | 7,999 | 7,905 | 7,291 |
| EBITDA | 4,006 | 2,960 | 2,492 | 1,852 | 1,265 | 1,167 | 1,135 | 923 |
| EBITDA margin | 13.9% | 13.2% | 13.8% | 13.1% | 10.4% | 13.1% | 12.9% | 11.6% |
| Finance costs | 243 | 169 | 108 | 59.8 | 35.2 | 53.1 | 49.5 | 117 |
| Depreciation | 386 | 298 | 245 | 209 | 202 | 187 | 161 | 141 |
| Profit before tax | 3,613 | 2,701 | 2,359 | 1,717 | 1,118 | 1,065 | 1,017 | 758 |
| Tax | 905 | 655 | 556 | 425 | 271 | 179 | 244 | 256 |
| Net profit | 2,708 | 2,046 | 1,803 | 1,282 | 917 | 886 | 766 | 500 |
| Net margin | 9.4% | 9.1% | 10.0% | 9.1% | 7.5% | 9.9% | 8.7% | 6.3% |
| EPS (₹) | 177.53 | 134.34 | 118.93 | 84.87 | 56.04 | 59.20 | 51.16 | 35.39 |
| Net profit YoY | +32.4% | +13.5% | +40.6% | +39.8% | +3.5% | +15.7% | +53.0% | – |
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 | 3,811 | 1,809 | 1,296 | 1,428 | 512 |
| Investing cash flow | −2,850 | −1,239 | −752 | −1,203 | −427 |
| Financing cash flow | −799 | −628 | −387 | −227 | −201 |
| Capital expenditure | 1,480 | 970 | 853 | 477 | 527 |
| Free cash flow (CFO − capex) | 2,330 | 839 | 443 | 950 | −14.9 |
Net profit trend
annual, ₹ croreFY21
₹886
FY22
₹917+4%
FY23
₹1,282+40%
FY24
₹1,803+41%
FY25
₹2,046+13%
FY26
₹2,708+32%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 16 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 16 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 | 16 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 16 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 17 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 17 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 17 Jul 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 17 Jul 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 38.0×43.6×
P/B5Y avg 9.08×10.54×
ROEFY26, on average equity24.8%
Net margin9.4%
Debt / equity0.01×
Revenue CAGR (3Y)27.0%
Profit CAGR (3Y)28.3%
EPS (TTM)₹192.98
Market cap₹1.27L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
10.54×
vs 8-point avg 9.08× (+16%)
6.54× low9.08× avg12.18× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹20,476 Cr+49%
Net worth₹12,009 Cr+22%
Total borrowings₹132 Cr+22%
Cash & bank balances₹390 Cr+80%
Investments₹3,405 Cr+95%
Inventories₹5,560 Cr+52%
Trade receivables₹3,759 Cr+45%
Trade payables₹1,799 Cr+26%
Change vs the same date a year earlier.
Revenue mix FY26
Wires and Cables87.2%result ₹3,478 Cr
FMEG7.1%result ₹54.8 Cr
EPC5.7%result ₹166 Cr
Segment revenue as reported, before inter-segment eliminations.