Your investments deserve an analyst, not a dashboard.

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	Q2 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q2 FY20	Q3 FY19	Q2 FY19	Q4 FY17
Revenue from operations	1,587	1,609	1,535	1,399	1,341	1,374	1,241	917	831	870	837	928	894	938	879	783	681	692	521	670	664	516	185	494	546	635	645	650
Other income	10	3.9	4.6	10.6	4.7	3.4	5.3	3.5	6.6	4.2	4.3	2.4	3.2	10.6	4.5	8.5	21.8	5.5	11.2	5.4	10	7.9	9	8.4	5.9	4.2	3.1	11.4
Total expenses	1,554	1,553	1,494	1,374	1,310	1,355	1,234	890	809	839	797	910	871	891	861	760	687	691	547	662	635	514	282	508	555	620	629	640
EBITDA	107	126	112	97.1	102	95.3	78.2	81.2	73.2	83.3	90.2	70.3	77.7	104	62.3	65.4	36.8	41.8	12.2	46.7	67.7	42.3	−55.3	32.8	35.7	59.1	58.8	55.3
EBITDA margin	6.8%	7.8%	7.3%	6.9%	7.6%	6.9%	6.3%	8.9%	8.8%	9.6%	10.8%	7.6%	8.7%	11.1%	7.1%	8.4%	5.4%	6.0%	2.3%	7.0%	10.2%	8.2%	-29.9%	6.6%	6.5%	9.3%	9.1%	8.5%
Finance costs	20.1	15.3	19.1	19.5	21.2	23.8	24.5	19.9	17.5	17.4	18.3	17.1	18.6	17.1	10.6	8.2	9.6	9.4	7.1	7	9.6	11.4	11.6	12.2	13.4	12.6	11.7	11.2
Depreciation	54.6	55.1	52.5	52	50.4	52.4	47.5	35.1	33.5	34.6	32.1	35	35.4	39.9	32.9	33.4	32.2	32	31.2	31.3	29.8	28.9	30.3	33.9	31.2	31.5	31.2	34
Profit before tax	45	66.4	43.9	34.7	50.6	10.7	10.6	243	29.1	28.6	44.1	−61.6	7.1	46.3	22.1	31.7	21.9	14.1	13.2	13.3	61.8	9.2	−88.2	−15	−26.9	19.2	19.1	20
Tax	12.3	4.8	14.1	15.4	5.8	17.3	14.9	62.5	13.2	6.7	10.8	−96.7	5.4	11.6	12.2	21.2	7.9	10.6	−1.2	17.6	25	8.5	−30.1	0.2	−4.6	15.4	20.1	24.9
Net profit	48.3	87.5	−39.5	31.3	57.5	11.7	4.2	185	19.5	38.4	48	51.1	12.1	−8.1	23.3	−12.8	10.6	16.5	20.7	−20.3	39.3	4.7	−84	−3.9	−10.9	19.9	33.9	30.5
Net margin	3.0%	5.4%	-2.6%	2.2%	4.3%	0.9%	0.3%	20.2%	2.3%	4.4%	5.7%	5.5%	1.4%	-0.9%	2.7%	-1.6%	1.5%	2.4%	4.0%	-3.0%	5.9%	0.9%	-45.4%	-0.8%	-2.0%	3.1%	5.3%	4.7%
EPS (₹)	26.17	51.93	-35.41	16.45	35.57	6.58	2.27	124.44	9.19	21.99	27.28	28.46	8.94	-13.20	14.08	-13.10	6.75	10.54	12.72	-15.63	17.32	2.92	-40.03	-0.69	-6.01	11.55	21.60	20.11
Net profit YoY	−16.0%	+646.3%	−1036.3%	−83.1%	+194.8%	−69.5%	−91.2%	+263.0%	+61.2%	+576.5%	–	+119.0%	–	+36.9%	+41.1%	+37.2%	−73.2%	+252.7%	+124.7%	−418.2%	–	+143.0%	–	–	−132.2%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY17
Revenue from operations	5,883	4,362	3,530	3,508	2,677	2,035	2,155	2,340
Other income	23.9	18.8	14.2	29.1	37.4	22.1	28.8	17.1
Total expenses	5,731	4,288	3,417	3,380	2,675	2,083	2,192	2,262
EBITDA	437	328	321	319	166	112	142	240
EBITDA margin	7.4%	7.5%	9.1%	9.1%	6.2%	5.5%	6.6%	10.2%
Finance costs	75.1	85.6	71.3	49.8	34.2	39.7	51	44.3
Depreciation	210	168	137	142	129	120	128	118
Profit before tax	196	293	18.2	139	80.9	−4	−60.8	109
Tax	40.1	108	−73.9	50.5	38.5	29	0.5	86.9
Net profit	137	221	150	87.3	35.1	−60.4	−10.5	149
Net margin	2.3%	5.1%	4.2%	2.5%	1.3%	-3.0%	-0.5%	6.3%
EPS (₹)	68.54	145.13	86.67	43.61	16.91	-35.42	-1.90	91.26
Net profit YoY	−38.1%	+47.6%	+71.4%	+149.0%	+158.1%	−476.4%	–	–

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	280	513	233	186	15.3
Investing cash flow	−0.5	−200	−105	−152	−114
Financing cash flow	−256	−324	−138	−14.2	65
Capital expenditure	316	225	209	158	133
Free cash flow (CFO − capex)	−36	289	24.4	28	−118

Net profit trend

annual, ₹ crore

FY21

₹−60.4

FY22

₹35.1+158%

FY23

₹87.3+149%

FY24

₹150+71%

FY25

₹221+48%

FY26

₹137−38%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	13 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	13 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	15 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	15 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	14 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	14 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	14 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	14 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	12 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	12 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY266.15 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 10.8×17.7×

P/B5Y avg 1.79×1.96×

ROEFY26, on average equity12.1%

Net margin2.3%

Debt / equity0.76×

Revenue CAGR (3Y)18.8%

Profit CAGR (3Y)16.1%

EPS (TTM)₹89.33

Market cap₹2,257 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

1.96×

vs 8-point avg 1.79× (+9%)

1.23× low1.79× 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₹3,843 Cr+8%

Net worth₹1,154 Cr+4%

Total borrowings₹882 Cr−11%

Cash & bank balances₹53 Cr+31%

Investments₹61 Cr−24%

Inventories₹642 Cr+16%

Trade receivables₹1,066 Cr+16%

Trade payables₹826 Cr+9%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	46.63	46.63	46.55	46.55	46.55	46.55	46.55	46.55	46.57	46.57	46.57	46.57
FII	0.93	0.77	0.82	1.06	0.83	0.81	0.86	0.92	0.49	0.40	0.41	0.39
DII	3.39	4.12	4.09	4.03	3.83	3.84	3.81	3.15	1.77	1.59	1.70	2.02
of which MF	1.89	2.70	2.68	2.63	2.53	–	–	–	–	–	–	–
Retail	36.25	36.00	36.17	36.31	36.36	36.43	36.00	36.16	38.20	38.30	38.34	37.99
Other public	12.80	12.48	12.37	12.05	12.43	12.37	12.78	13.22	12.97	13.14	12.98	13.03

15,390 shareholders · NSE shareholding pattern filings.