Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY18
| ₹ 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 | Q3 FY19 | Q2 FY18 | Q1 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 602 | 575 | 555 | 499 | 462 | 442 | 449 | 444 | 432 | 417 | 416 | 457 | 407 | 404 | 400 | 398 | 375 | 343 | 329 | 306 | 274 | 248 | 237 | 224 | 210 | 209 | 213 | 197 | 203 | 192 | 186 | 169 |
| Other income | 1.4 | 20.2 | 3 | 1.7 | 47 | 2.3 | 3.5 | 1.6 | 4.3 | 2.5 | 1.8 | 0.1 | 4.5 | 5.2 | 2.1 | 1.3 | 2.6 | 5.2 | 5.1 | 6.5 | 25.1 | 5.3 | 4.5 | 5.7 | 2.5 | 2.1 | 3.1 | 3.6 | 2.9 | 17.9 | 2.1 | 2.4 |
| Total expenses | 523 | 505 | 488 | 447 | 410 | 388 | 396 | 394 | 389 | 383 | 373 | 395 | 366 | 361 | 354 | 354 | 338 | 311 | 293 | 266 | 245 | 225 | 206 | 197 | 194 | 200 | 193 | 187 | 189 | 178 | 173 | 162 |
| EBITDA | 111 | 101 | 93.5 | 72.1 | 70.2 | 70.5 | 70.6 | 68.3 | 61.3 | 53.3 | 62.8 | 82.3 | 52.9 | 54.3 | 57.3 | 54.1 | 45.9 | 41.6 | 45.1 | 48.5 | 36.4 | 30.7 | 38 | 35.6 | 24.6 | 16.9 | 21.8 | 15.3 | 18.2 | 18.1 | 16.8 | 10.7 |
| EBITDA margin | 18.4% | 17.5% | 16.9% | 14.5% | 15.2% | 15.9% | 15.7% | 15.4% | 14.2% | 12.8% | 15.1% | 18.0% | 13.0% | 13.4% | 14.3% | 13.6% | 12.2% | 12.1% | 13.7% | 15.9% | 13.3% | 12.4% | 16.1% | 15.9% | 11.7% | 8.1% | 10.2% | 7.8% | 9.0% | 9.4% | 9.0% | 6.3% |
| Finance costs | 9.5 | 9.6 | 6.8 | 3.7 | 2.1 | 1.5 | 1.9 | 1.6 | 2 | 2.8 | 2.9 | 2.8 | 1.7 | 1.6 | 1.6 | 1.1 | 1 | 1.1 | 1.4 | 1.2 | 1.1 | 1.3 | 1.4 | 1.5 | 1.5 | 1.3 | 0.3 | 0.4 | 0.4 | 0.1 | 0.1 | 0.1 |
| Depreciation | 22 | 21.5 | 19.3 | 16.6 | 15.8 | 14.6 | 15.5 | 16.6 | 16.7 | 16.6 | 16.9 | 17.2 | 10.1 | 10.1 | 9.8 | 8.7 | 8.2 | 8.2 | 8 | 7.1 | 6.3 | 6.3 | 6 | 6.4 | 6.6 | 6.6 | 1.6 | 4.5 | 4.5 | 3.5 | 3.4 | 3.4 |
| Profit before tax | 80.5 | 89.6 | 45.8 | 53.5 | 99.2 | 56.7 | 56.6 | 51.7 | 46.8 | 36.4 | 44.8 | 62.4 | 45.5 | 47.8 | 48 | 45.5 | 39.3 | 37.4 | 40.8 | 46.7 | 54.1 | 28.5 | 33.3 | 33.3 | 19 | 11.1 | 22.9 | 13.9 | 16.2 | 32.4 | 15.5 | 9.6 |
| Tax | 24.9 | 24.2 | 9.4 | 18.1 | 23.3 | 18.1 | 17.6 | 11.8 | 21.9 | 8.9 | −1.4 | 18.2 | 31.1 | 12 | 6.6 | 8.7 | 7.4 | 7.8 | 8 | 9.1 | 8 | 3.6 | 3.9 | 6.2 | 2.8 | 1.6 | −0.3 | 3 | 4.6 | 6.5 | 2.9 | 0.6 |
| Net profit | 55.6 | 65.4 | 36.4 | 35.3 | 75.9 | 38.6 | 39 | 39.8 | 24.9 | 27.5 | 45.9 | 44 | 14.4 | 35.8 | 41.4 | 36.8 | 31.8 | 29.7 | 32.8 | 37.6 | 46.2 | 24.9 | 29.4 | 27.1 | 16.1 | 9.5 | 23.2 | 10.9 | 11.6 | 26 | 12.6 | 8.9 |
| Net margin | 9.2% | 11.4% | 6.6% | 7.1% | 16.4% | 8.7% | 8.7% | 9.0% | 5.8% | 6.6% | 11.0% | 9.6% | 3.5% | 8.9% | 10.4% | 9.2% | 8.5% | 8.7% | 10.0% | 12.3% | 16.9% | 10.0% | 12.4% | 12.1% | 7.7% | 4.6% | 10.9% | 5.5% | 5.7% | 13.5% | 6.7% | 5.3% |
| EPS (₹) | 4.69 | 5.52 | 3.08 | 2.99 | 6.41 | 3.26 | 3.30 | 3.37 | 2.10 | 2.32 | 3.88 | 3.72 | 1.22 | 3.03 | 3.50 | 3.11 | 2.69 | 2.51 | 2.77 | 3.14 | 3.86 | 2.08 | 2.46 | 2.27 | 1.35 | 0.80 | 1.94 | 0.91 | 0.97 | 2.11 | 1.02 | 0.73 |
| Net profit YoY | −26.7% | +69.5% | −6.6% | −11.2% | +204.8% | +40.4% | −15.0% | −9.5% | +72.5% | −23.3% | +10.9% | +19.5% | −54.7% | +20.7% | +26.2% | −2.1% | −31.1% | +19.3% | +11.6% | +38.5% | +186.2% | +161.1% | +26.5% | +148.9% | +39.0% | – | −10.6% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,958 | 1,742 | 1,685 | 1,516 | 1,156 | 881 | 809 | 700 |
| Other income | 53.6 | 8.3 | 11.5 | 10.3 | 41.9 | 12.9 | 15.4 | 19.2 |
| Total expenses | 1,732 | 1,559 | 1,496 | 1,356 | 1,027 | 795 | 753 | 656 |
| EBITDA | 307 | 257 | 252 | 200 | 161 | 117 | 73 | 57.2 |
| EBITDA margin | 15.7% | 14.8% | 15.0% | 13.2% | 13.9% | 13.3% | 9.0% | 8.2% |
| Finance costs | 14.2 | 8.4 | 9 | 4.9 | 4.9 | 5.7 | 1.6 | 0.3 |
| Depreciation | 66.4 | 65.4 | 54.4 | 35 | 27.7 | 25.6 | 14.9 | 13.5 |
| Profit before tax | 255 | 192 | 201 | 170 | 170 | 96.6 | 71.9 | 62.7 |
| Tax | 69 | 60.3 | 59.9 | 30.5 | 28.6 | 14.4 | 13.8 | 11.6 |
| Net profit | 186 | 131 | 140 | 140 | 141 | 82.2 | 58.1 | 51 |
| Net margin | 9.5% | 7.5% | 8.3% | 9.2% | 12.2% | 9.3% | 7.2% | 7.3% |
| EPS (₹) | 15.73 | 11.09 | 11.84 | 11.81 | 11.85 | 6.87 | 4.82 | 4.14 |
| Net profit YoY | +41.9% | −6.4% | +0.3% | −1.2% | +72.1% | +41.4% | +13.9% | – |
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 | 220 | 235 | 211 | 96.4 | 87.3 |
| Investing cash flow | −326 | 14.8 | −223 | −21.4 | 21.2 |
| Financing cash flow | 209 | −216 | −40.9 | −86.4 | −116 |
| Capital expenditure | 39.5 | 8.2 | 20.2 | 34.8 | 27.9 |
| Free cash flow (CFO − capex) | 180 | 227 | 191 | 61.6 | 59.4 |
Net profit trend
annual, ₹ croreFY21
₹82.2
FY22
₹141+72%
FY23
₹140−1%
FY24
₹140+0%
FY25
₹131−6%
FY26
₹186+42%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 4 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone · audited | 4 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 6 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 6 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone · audited | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 6 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone · audited | 6 Nov 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 33.9×14.5×
P/B5Y avg 7.35×2.54×
ROEFY26, on average equity26.3%
Net margin9.5%
Debt / equity0.25×
Revenue CAGR (3Y)8.9%
Profit CAGR (3Y)10.1%
EPS (TTM)₹16.27
Market cap₹2,792 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.54×
vs 9-point avg 7.35× (−65%)
2.53× low7.35× avg10.64× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 30 Jun 2026
Total assets₹2,110 Cr+55%
Net worth₹1,098 Cr+59%
Total borrowings₹271 Cr+397%
Cash & bank balances₹333 Cr+36%
Investments₹0 Cr+0%
Inventories₹0 Cr
Trade receivables₹376 Cr+18%
Trade payables₹104 Cr+98%
Change vs the same date a year earlier.
Revenue mix FY26
Information technology services89.4%result ₹190 Cr
Business process outsourcing services10.6%result ₹89.8 Cr
Segment revenue as reported, before inter-segment eliminations.