Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY21
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,152 | 1,131 | 1,107 | 1,119 | 1,051 | 1,175 | 1,184 | 1,113 | 1,103 | 1,024 | 1,015 | 967 | 1,009 | 986 | 846 | 626 | 563 | 436 | 378 | 362 | 385 | 349 |
| Other income | 11.1 | 27.9 | 12.9 | 27.2 | 11 | 12.1 | 8.6 | 32.6 | 10.6 | 19.5 | 3.7 | 14.9 | 14.6 | 7.8 | 2.3 | 8.4 | 4.7 | 2.4 | 4.5 | −0.6 | 8.7 | 5.2 |
| Total expenses | 1,071 | 1,019 | 985 | 1,009 | 985 | 1,083 | 1,085 | 1,015 | 1,011 | 927 | 914 | 872 | 903 | 890 | 766 | 588 | 510 | 388 | 339 | 319 | 347 | 315 |
| EBITDA | 105 | 136 | 146 | 136 | 93.9 | 122 | 130 | 135 | 124 | 125 | 128 | 123 | 132 | 125 | 103 | 56.3 | 60.8 | 56 | 45.5 | 49.9 | 44.7 | 41.8 |
| EBITDA margin | 9.2% | 12.0% | 13.2% | 12.1% | 8.9% | 10.4% | 11.0% | 12.1% | 11.2% | 12.2% | 12.6% | 12.7% | 13.1% | 12.6% | 12.2% | 9.0% | 10.8% | 12.9% | 12.1% | 13.8% | 11.6% | 12.0% |
| Finance costs | 1.4 | 1.2 | 1.4 | 2.4 | 5.8 | 8.1 | 9.3 | 14.4 | 9.1 | 6.5 | 6.6 | 6.7 | 5 | 7.2 | 4.1 | 3.4 | 0.6 | 0.7 | 0.5 | 0.4 | 0.4 | 0.9 |
| Depreciation | 23.7 | 23.6 | 22.6 | 22.9 | 22.5 | 22.2 | 22.2 | 22.3 | 22.3 | 21.6 | 21.4 | 21.1 | 21.2 | 22 | 18.8 | 14.5 | 7 | 7.4 | 6.6 | 6.4 | 6.5 | 6.8 |
| Profit before tax | 91.5 | 139 | 135 | 2 | 76.6 | 79 | 107 | 137 | 103 | 132 | 104 | 110 | 120 | 103 | 82.3 | 46.8 | 57.9 | 50.4 | 42.9 | 42.5 | 46.4 | 39.4 |
| Tax | 22.9 | 24.8 | 32.7 | 20.8 | 17.8 | 18.7 | 21.5 | 30.3 | 21.7 | 18 | 15.5 | 18.5 | 16.3 | 17.8 | 9.6 | −0.6 | 9.6 | 8.3 | 8.6 | 7 | 8.8 | 6.6 |
| Net profit | 68.6 | 114 | 103 | −18.8 | 58.8 | 60.3 | 85.5 | 107 | 81.2 | 114 | 88.4 | 91.7 | 104 | 85.4 | 72.6 | 47.4 | 48.3 | 42.1 | 34.3 | 35.5 | 37.6 | 32.7 |
| Net margin | 6.0% | 10.1% | 9.3% | -1.7% | 5.6% | 5.1% | 7.2% | 9.6% | 7.4% | 11.1% | 8.7% | 9.5% | 10.3% | 8.7% | 8.6% | 7.6% | 8.6% | 9.7% | 9.1% | 9.8% | 9.8% | 9.4% |
| EPS (₹) | 9.94 | 17.35 | 15.51 | -3.37 | 8.45 | 8.98 | 13.10 | 16.12 | 12.51 | 16.89 | 14.21 | 14.80 | 16.29 | 13.22 | 11.76 | 7.29 | 7.71 | 7.29 | 5.86 | 6.17 | 6.66 | 6.46 |
| Net profit YoY | +16.6% | +89.8% | +20.0% | −117.6% | −27.6% | – | −24.8% | +21.1% | −11.5% | +33.1% | +21.6% | – | +119.4% | +76.8% | +72.6% | +33.7% | +28.3% | +28.6% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Revenue from operations | 4,408 | 4,576 | 3,569 | 2,002 | 1,406 |
| Other income | 54.1 | 46.8 | 39.4 | 20.1 | 16 |
| Total expenses | 3,973 | 4,178 | 3,227 | 1,827 | 1,261 |
| EBITDA | 537 | 528 | 444 | 219 | 174 |
| EBITDA margin | 12.2% | 11.5% | 12.4% | 10.9% | 12.4% |
| Finance costs | 10.8 | 40.9 | 20.5 | 5.2 | 2.8 |
| Depreciation | 91.6 | 89.1 | 81.6 | 38.3 | 25.8 |
| Profit before tax | 353 | 426 | 382 | 195 | 162 |
| Tax | 96.1 | 92.2 | 48.4 | 25.1 | 28.8 |
| Net profit | 257 | 334 | 333 | 170 | 133 |
| Net margin | 5.8% | 7.3% | 9.3% | 8.5% | 9.4% |
| EPS (₹) | 37.94 | 50.69 | 52.29 | 27.82 | 24.76 |
| Net profit YoY | −23.1% | – | +95.9% | +28.1% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY23 | FY22 |
|---|---|---|---|---|
| Operating cash flow | 581 | 602 | 73.2 | 135 |
| Investing cash flow | −14 | −260 | 112 | −838 |
| Financing cash flow | −535 | −33.8 | −108 | 824 |
| Capital expenditure | 26.4 | 21.3 | 38.1 | 17.1 |
| Free cash flow (CFO − capex) | 555 | 581 | 35.2 | 117 |
Net profit trend
annual, ₹ croreFY21
₹133
FY22
₹170+28%
FY23
₹333+96%
FY25
₹334+0%
FY26
₹257−23%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 23 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 23 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 7 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 7 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 9 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 9 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 4 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 4 Nov 2025 | PDF 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 17.9×10.9×
P/B5Y avg 3.49×1.05×
ROEFY26, on average equity9.9%
Net margin5.8%
Debt / equity0.00×
Revenue CAGR (3Y)30.1%
Profit CAGR (3Y)14.7%
EPS (TTM)₹42.33
Market cap₹2,917 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.05×
vs 7-point avg 3.49× (−70%)
0.95× low3.49× avg5.18× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,556 Cr−7%
Net worth₹2,770 Cr+14%
Total borrowings₹0 Cr−100%
Cash & bank balances₹880 Cr+3%
Investments₹17 Cr+6%
Inventories₹0 Cr
Trade receivables₹909 Cr−3%
Trade payables₹497 Cr−27%
Change vs the same date a year earlier.
Revenue mix FY26
-Overseas81.5%result ₹376 Cr
-India18.5%result ₹69.2 Cr
Segment revenue as reported, before inter-segment eliminations.