Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 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 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,11,850 | 2,98,621 | 2,69,496 | 2,58,898 | 2,48,660 | 2,64,573 | 2,43,865 | 2,35,481 | 2,36,217 | 2,40,715 | 2,27,970 | 2,34,956 | 2,10,831 | 2,16,376 | 2,20,592 | 2,32,863 | 2,23,113 | 1,91,271 | 1,74,104 | 1,44,372 | 1,54,896 | 1,23,997 | 1,16,195 | 91,238 | 1,39,283 | 1,56,802 | 1,52,149 | 1,61,349 | 1,41,634 | 1,60,299 | 1,46,018 | 1,33,069 |
| Other income | 6,550 | 4,447 | 4,914 | 4,482 | 15,119 | 4,905 | 4,214 | 4,876 | 3,983 | 4,534 | 3,869 | 3,841 | 3,813 | 2,918 | 3,147 | 3,514 | 2,247 | 4,047 | 4,224 | 4,219 | 3,237 | 4,453 | 4,249 | 4,388 | 4,133 | 3,645 | 3,614 | 3,146 | 3,147 | 2,460 | 1,250 | 1,778 |
| Total expenses | 2,87,770 | 2,75,873 | 2,44,713 | 2,34,256 | 2,26,633 | 2,40,375 | 2,19,436 | 2,15,320 | 2,16,966 | 2,17,529 | 2,06,006 | 2,12,304 | 1,90,350 | 1,95,211 | 2,00,733 | 2,15,923 | 1,98,059 | 1,73,060 | 1,59,133 | 1,31,284 | 1,42,562 | 1,13,422 | 1,09,960 | 87,406 | 1,29,897 | 1,45,365 | 1,40,762 | 1,50,154 | 1,30,991 | 1,48,338 | 1,34,071 | 1,21,131 |
| EBITDA | 47,517 | 44,141 | 46,018 | 45,885 | 42,905 | 43,832 | 43,789 | 39,058 | 38,765 | 42,516 | 40,656 | 40,968 | 38,093 | 38,440 | 35,247 | 31,224 | 37,997 | 29,706 | 26,020 | 23,368 | 23,351 | 21,566 | 18,945 | 16,875 | 21,782 | 22,386 | 22,152 | 21,315 | 20,832 | 21,317 | 21,108 | 20,661 |
| EBITDA margin | 15.2% | 14.8% | 17.1% | 17.7% | 17.3% | 16.6% | 18.0% | 16.6% | 16.4% | 17.7% | 17.8% | 17.4% | 18.1% | 17.8% | 16.0% | 13.4% | 17.0% | 15.5% | 14.9% | 16.2% | 15.1% | 17.4% | 16.3% | 18.5% | 15.6% | 14.3% | 14.6% | 13.2% | 14.7% | 13.3% | 14.5% | 15.5% |
| Finance costs | 8,337 | 6,585 | 6,613 | 6,827 | 7,036 | 6,155 | 6,179 | 6,017 | 5,918 | 5,761 | 5,789 | 5,731 | 5,837 | 5,819 | 5,201 | 4,554 | 3,997 | 3,812 | 3,819 | 3,397 | 4,044 | 4,326 | 6,084 | 6,735 | 6,064 | 5,404 | 5,450 | 5,109 | 4,894 | 4,119 | 3,932 | 3,550 |
| Depreciation | 15,100 | 14,808 | 14,622 | 14,416 | 13,842 | 13,479 | 13,181 | 12,880 | 13,596 | 13,569 | 12,903 | 12,585 | 11,775 | 11,456 | 10,187 | 9,730 | 8,946 | 7,683 | 7,230 | 6,883 | 6,973 | 6,665 | 6,626 | 6,308 | 6,332 | 5,545 | 5,315 | 5,011 | 5,295 | 5,237 | 5,229 | 5,173 |
| Profit before tax | 30,630 | 27,195 | 29,697 | 29,124 | 37,146 | 29,103 | 28,643 | 25,037 | 23,234 | 27,720 | 25,833 | 26,493 | 24,294 | 24,083 | 23,006 | 20,454 | 27,301 | 25,094 | 19,195 | 17,307 | 16,368 | 14,907 | 10,484 | 13,186 | 9,252 | 14,905 | 15,001 | 14,341 | 13,790 | 14,421 | 13,197 | 13,716 |
| Tax | 7,629 | 6,579 | 7,530 | 6,978 | 6,465 | 6,669 | 6,839 | 5,936 | 5,786 | 6,577 | 6,345 | 6,673 | 6,112 | 2,787 | 5,266 | 4,867 | 7,793 | 4,688 | 3,755 | 3,464 | 1,387 | 88 | −13 | 260 | 2,677 | 3,121 | 3,703 | 4,225 | 3,431 | 4,069 | 3,649 | 4,241 |
| Net profit | 23,196 | 20,589 | 22,290 | 22,092 | 30,783 | 22,611 | 21,930 | 19,323 | 17,445 | 21,243 | 19,641 | 19,878 | 18,258 | 21,327 | 17,806 | 15,512 | 19,443 | 20,539 | 15,479 | 13,806 | 14,995 | 14,894 | 10,602 | 13,248 | 6,546 | 11,841 | 11,352 | 10,141 | 10,427 | 10,376 | 9,549 | 9,485 |
| Net margin | 7.4% | 6.9% | 8.3% | 8.5% | 12.4% | 8.5% | 9.0% | 8.2% | 7.4% | 8.8% | 8.6% | 8.5% | 8.7% | 9.9% | 8.1% | 6.7% | 8.7% | 10.7% | 8.9% | 9.6% | 9.7% | 12.0% | 9.1% | 14.5% | 4.7% | 7.6% | 7.5% | 6.3% | 7.4% | 6.5% | 6.5% | 7.1% |
| EPS (₹) | 15.48 | 12.54 | 13.78 | 13.42 | 19.95 | 14.34 | 13.70 | 24.48 | 22.37 | 28.01 | 25.52 | 25.71 | 23.66 | 28.52 | 23.34 | 20.18 | 26.54 | 28.08 | 20.88 | 18.96 | 20.52 | 20.33 | 14.84 | 20.69 | 10.01 | 18.36 | 18.59 | 17.05 | 17.49 | 17.30 | 16.06 | 15.97 |
| Net profit YoY | −24.6% | −8.9% | +1.6% | +14.3% | +76.5% | +6.4% | +11.7% | −2.8% | −4.5% | −0.4% | +10.3% | +28.1% | −6.1% | – | −13.3% | +0.2% | +40.8% | +37.9% | +46.0% | +4.2% | +129.1% | +25.8% | −6.6% | +30.6% | −37.2% | +14.1% | +18.9% | +6.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 10,75,675 | 9,80,136 | 9,14,472 | 8,92,944 | 4,86,326 | 6,11,645 | 5,81,020 |
| Other income | 28,962 | 17,978 | 16,057 | 11,826 | 16,327 | 13,956 | 8,635 |
| Total expenses | 9,81,475 | 8,92,097 | 8,26,189 | 8,09,926 | 4,53,350 | 5,67,658 | 5,34,531 |
| EBITDA | 1,78,949 | 1,65,444 | 1,62,233 | 1,42,908 | 80,737 | 88,217 | 83,918 |
| EBITDA margin | 16.6% | 16.9% | 17.7% | 16.0% | 16.6% | 14.4% | 14.4% |
| Finance costs | 27,061 | 24,269 | 23,118 | 19,571 | 21,189 | 22,027 | 16,495 |
| Depreciation | 57,688 | 53,136 | 50,832 | 40,319 | 26,572 | 22,203 | 20,934 |
| Profit before tax | 1,23,162 | 1,06,017 | 1,04,340 | 94,844 | 54,945 | 53,499 | 55,124 |
| Tax | 27,552 | 25,230 | 25,707 | 20,713 | 1,722 | 13,726 | 15,390 |
| Net profit | 95,754 | 81,309 | 79,020 | 74,088 | 53,739 | 39,880 | 39,837 |
| Net margin | 8.9% | 8.3% | 8.6% | 8.3% | 11.0% | 6.5% | 6.9% |
| EPS (₹) | 59.69 | 51.47 | 102.90 | 98.59 | 76.37 | 63.49 | 66.82 |
| Net profit YoY | +17.8% | +2.9% | +6.7% | – | +34.8% | +0.1% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | 1,92,113 | 1,78,703 | 1,58,788 | 1,15,032 |
| Investing cash flow | −1,01,089 | −1,37,535 | −1,14,301 | −91,235 |
| Financing cash flow | −51,549 | −31,891 | −16,646 | 10,455 |
| Capital expenditure | 1,22,916 | 1,39,967 | 1,52,883 | 1,40,988 |
| Free cash flow (CFO − capex) | 69,197 | 38,736 | 5,905 | −25,956 |
Net profit trend
annual, ₹ croreFY20
₹39,880
FY21
₹53,739+35%
FY23
₹74,088+38%
FY24
₹79,020+7%
FY25
₹81,309+3%
FY26
₹95,754+18%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 17 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 17 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 24 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 24 Apr 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 | 18 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 18 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 21.2×18.8×
P/B5Y avg 2.10×1.84×
ROEFY26, on average equity11.0%
Net margin8.9%
Debt / equity0.41×
Revenue CAGR (3Y)6.4%
Profit CAGR (3Y)8.9%
EPS (TTM)₹65.15
Market cap₹16.59L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.84×
vs 8-point avg 2.10× (−13%)
1.74× low2.10× avg2.53× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹21.78L Cr+12%
Net worth₹9.04L Cr+7%
Total borrowings₹3.74L Cr+8%
Cash & bank balances₹1.46L Cr+37%
Investments₹2.48L Cr+2%
Inventories₹1.67L Cr+14%
Trade receivables₹58,491 Cr+39%
Trade payables₹1.59L Cr−15%
Change vs the same date a year earlier.
Revenue mix FY26
Oil to Chemicals (O2C)50.4%result ₹50,758 Cr
Retail28.2%result ₹20,817 Cr
Digital Services13.4%result ₹48,211 Cr
Others6.1%result ₹3,448 Cr
Oil and Gas1.8%result ₹13,464 Cr
Segment revenue as reported, before inter-segment eliminations.