Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 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 | Q4 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,847 | 1,513 | 1,612 | 1,339 | 1,316 | 1,325 | 1,316 | 1,451 | 1,514 | 1,413 | 1,341 | 1,093 | 1,200 | 1,418 | 1,500 | 1,420 | 1,465 | 1,315 | 1,438 | 1,221 | 1,028 | 875 | 841 | 843 | 1,143 | 1,314 | 1,258 | 998 | 933 | 0 | 0 |
| Other income | 110 | 147 | 56.8 | 97.3 | 146 | 75.4 | 34.5 | 40.5 | 44.2 | 97.5 | 22.3 | 68.7 | 27 | 34.3 | 40.2 | 37.9 | 35.6 | 50.1 | 18 | 8.4 | 20.6 | 25.3 | 31.6 | 33.7 | 35 | 78 | 24 | 66 | 35.2 | 0 | 0 |
| Total expenses | 1,283 | 1,236 | 1,253 | 1,236 | 1,107 | 1,242 | 1,277 | 1,195 | 1,265 | 1,287 | 1,215 | 1,113 | 1,070 | 1,199 | 1,265 | 1,336 | 1,390 | 1,224 | 1,142 | 997 | 899 | 839 | 765 | 743 | 847 | 1,284 | 979 | 1,105 | 991 | 0 | 0 |
| EBITDA | 882 | 612 | 678 | 406 | 489 | 365 | 357 | 533 | 510 | 407 | 417 | 236 | 363 | 465 | 467 | 322 | 297 | 327 | 472 | 399 | 335 | 223 | 226 | 204 | 505 | 304 | 528 | 194 | 171 | 0 | 0 |
| EBITDA margin | 47.8% | 40.4% | 42.1% | 30.4% | 37.2% | 27.5% | 27.2% | 36.7% | 33.7% | 28.8% | 31.1% | 21.6% | 30.2% | 32.8% | 31.2% | 22.7% | 20.3% | 24.9% | 32.8% | 32.7% | 32.6% | 25.5% | 26.8% | 24.2% | 44.2% | 23.1% | 42.0% | 19.4% | 18.3% | – | – |
| Finance costs | 37.4 | 47.1 | 48.4 | 47.4 | 30.5 | 38.8 | 63.9 | 43.2 | 40.4 | 40.5 | 39.8 | 55.7 | 35.5 | 49.6 | 37.9 | 46.8 | 49.9 | 76.1 | 16.9 | 13.1 | 51.7 | 32.7 | −6.6 | −54.8 | 49.8 | 110 | 79.2 | 133 | 59.3 | 0 | 0 |
| Depreciation | 282 | 287 | 271 | 256 | 250 | 243 | 255 | 234 | 220 | 241 | 251 | 200 | 197 | 196 | 195 | 190 | 172 | 160 | 159 | 161 | 155 | 154 | 156 | 159 | 159 | 164 | 170 | 168 | 169 | 0 | 0 |
| Profit before tax | 673 | 424 | 415 | 201 | 355 | 159 | 72.8 | 296 | 294 | 224 | 148 | 48.4 | 157 | 253 | 275 | 123 | 111 | 141 | 314 | 233 | 149 | 62.2 | 107 | 133 | 332 | 108 | 303 | −40.5 | −22.4 | 0 | 0 |
| Tax | 9 | 11 | 22 | 24.9 | 12.1 | −13.8 | 8.2 | 7 | 6.8 | −68.2 | 16.6 | 8 | 9.9 | −106 | 16.3 | 12.1 | 12.1 | 10.3 | 24.3 | 5 | 3.8 | −3.8 | 4.1 | 2.3 | 14.1 | −6.2 | 18.4 | 16 | 17 | 0 | 0 |
| Net profit | 619 | 405 | 405 | 189 | 354 | 185 | 75.5 | 291 | 291 | 307 | 134 | 65.7 | 172 | 380 | 280 | 124 | 114 | 152 | 312 | 243 | 159 | 85.8 | 132 | 142 | 337 | 111 | 295 | −40.9 | −28.9 | 0 | 0 |
| Net margin | 33.5% | 26.7% | 25.1% | 14.1% | 26.9% | 14.0% | 5.7% | 20.1% | 19.2% | 21.8% | 10.0% | 6.0% | 14.3% | 26.8% | 18.6% | 8.8% | 7.8% | 11.6% | 21.7% | 19.9% | 15.4% | 9.8% | 15.6% | 16.8% | 29.5% | 8.5% | 23.5% | -4.1% | -3.1% | – | – |
| EPS (₹) | 13.30 | 8.69 | 8.69 | 4.06 | 7.60 | 3.97 | 1.62 | 6.26 | 6.26 | 6.60 | 2.88 | 1.41 | 3.68 | 8.16 | 6.00 | 2.67 | 2.45 | 3.27 | 6.69 | 5.22 | 3.40 | 1.84 | 2.82 | 3.05 | 7.23 | 2.38 | 6.34 | -0.88 | -0.62 | 0.00 | 0.00 |
| Net profit YoY | +74.9% | +118.5% | +436.2% | −35.1% | +21.5% | −39.7% | −43.8% | +343.4% | +69.9% | −19.1% | −51.9% | −47.2% | +50.3% | +149.7% | −10.3% | −48.8% | −28.0% | +77.4% | +136.8% | +71.3% | −52.9% | −22.8% | −55.4% | +446.8% | +1265.6% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,780 | 5,606 | 5,047 | 5,794 | 4,995 | 3,703 | 4,425 | 3,926 | 3,469 |
| Other income | 447 | 195 | 216 | 113 | 104 | 126 | 243 | 218 | 148 |
| Total expenses | 4,832 | 4,979 | 4,685 | 5,175 | 4,262 | 3,194 | 4,321 | 4,219 | 3,588 |
| EBITDA | 2,185 | 1,764 | 1,423 | 1,556 | 1,526 | 1,158 | 1,140 | 611 | 672 |
| EBITDA margin | 37.8% | 31.5% | 28.2% | 26.9% | 30.6% | 31.3% | 25.8% | 15.6% | 19.4% |
| Finance costs | 173 | 186 | 171 | 184 | 158 | 21.1 | 364 | 246 | 180 |
| Depreciation | 1,064 | 951 | 889 | 753 | 635 | 628 | 671 | 658 | 610 |
| Profit before tax | 1,395 | 821 | 578 | 732 | 837 | 635 | 348 | −74.8 | 29.5 |
| Tax | 69.9 | 8.2 | −33.7 | −67.1 | 43.4 | 16.7 | 45.2 | 47.1 | −224 |
| Net profit | 1,353 | 844 | 679 | 870 | 865 | 696 | 336 | −62.7 | 307 |
| Net margin | 23.4% | 15.0% | 13.5% | 15.0% | 17.3% | 18.8% | 7.6% | -1.6% | 8.8% |
| EPS (₹) | 29.05 | 18.11 | 14.58 | 18.68 | 18.57 | 14.94 | 7.22 | -1.35 | 6.58 |
| Net profit YoY | +60.4% | +24.2% | −22.0% | +0.6% | +24.3% | +106.9% | +637.0% | −120.4% | – |
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 | 1,343 | 850 | 994 | 1,465 | 1,644 |
| Investing cash flow | −858 | −316 | −559 | −519 | −1,080 |
| Financing cash flow | −518 | −1,236 | 103 | −930 | −653 |
| Capital expenditure | 1,550 | 292 | 512 | 476 | 492 |
| Free cash flow (CFO − capex) | −207 | 558 | 482 | 990 | 1,151 |
Net profit trend
annual, ₹ croreFY21
₹696
FY22
₹865+24%
FY23
₹870+1%
FY24
₹679−22%
FY25
₹844+24%
FY26
₹1,353+60%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 6 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 6 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 8 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 8 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 7 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 8 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 9.0×7.9×
P/B5Y avg 1.01×1.41×
ROEFY26, on average equity15.5%
Net margin23.4%
Debt / equity0.27×
Revenue CAGR (3Y)-0.1%
Profit CAGR (3Y)15.8%
EPS (TTM)₹34.74
Market cap₹12,782 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.41×
vs 8-point avg 1.01× (+39%)
0.44× low1.01× avg1.51× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹13,319 Cr+14%
Net worth₹9,096 Cr+9%
Total borrowings₹2,477 Cr+28%
Cash & bank balances₹115 Cr−18%
Investments₹86 Cr−51%
Inventories₹274 Cr+42%
Trade receivables₹1,192 Cr−0%
Trade payables₹1,211 Cr+50%
Change vs the same date a year earlier.
Revenue mix FY26
Tanker67.8%result ₹1,190 Cr
Bulk Carrier13.6%result ₹−19.1 Cr
Liner13.5%result ₹74.8 Cr
Technical & Offshore5.1%result ₹35.3 Cr
Segment revenue as reported, before inter-segment eliminations.