Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 281 | 237 | 250 | 503 | 247 | 218 | 198 | 192 | 179 | 171 | 158 | 158 | 157 | 134 | 136 | 161 | 175 | 154 |
| Other income | 0.3 | 3.7 | 0.1 | 4.4 | 2.1 | 0.1 | 0.4 | 1 | 0.7 | 1.6 | 1.1 | 3 | 0.9 | 1.3 | 0.2 | 0.9 | 2.1 | 2.8 |
| Total expenses | 215 | 188 | 201 | 387 | 194 | 178 | 167 | 167 | 158 | 151 | 141 | 146 | 143 | 124 | 130 | 148 | 165 | 147 |
| EBITDA | 83.1 | 65.6 | 66.3 | 148 | 68.3 | 54.5 | 45.9 | 40.3 | 35.4 | 34.7 | 31.9 | 23.6 | 26.8 | 25.2 | 19.5 | 25 | 22.2 | 19.4 |
| EBITDA margin | 29.6% | 27.7% | 26.5% | 29.3% | 27.7% | 25.0% | 23.2% | 21.0% | 19.7% | 20.3% | 20.1% | 15.0% | 17.0% | 18.7% | 14.3% | 15.5% | 12.7% | 12.6% |
| Finance costs | 3.3 | 3.7 | 4.4 | 7.8 | 3.9 | 3.9 | 4.1 | 4.5 | 4.4 | 4.7 | 5 | 4.3 | 3.9 | 4.9 | 4.8 | 4.2 | 4 | 4.7 |
| Depreciation | 14 | 13.3 | 12.5 | 23.4 | 11.4 | 11.1 | 10.7 | 10.2 | 10.1 | 10 | 9.4 | 8.1 | 8.2 | 9.9 | 7.9 | 7.6 | 7.9 | 6.9 |
| Profit before tax | 65.9 | 52.3 | 49.5 | 121 | 55.1 | 39.6 | 31.5 | 26.5 | 21.6 | 21.6 | 18.6 | 14.1 | 15.6 | 11.7 | 7 | 14 | 12.5 | 10.6 |
| Tax | 17.9 | 12.2 | 12.1 | 28.4 | 14 | 11 | 6.3 | 4.6 | 4.2 | 2.2 | 4 | 3.3 | 3 | 1.8 | 1.3 | 4 | 3 | 2.7 |
| Net profit | 48 | 40.2 | 37.4 | 92.4 | 41.1 | 28.6 | 25.2 | 21.9 | 17.4 | 19.3 | 14.5 | 10.8 | 12.6 | 9.9 | 5.7 | 10.1 | 9.5 | 7.9 |
| Net margin | 17.1% | 17.0% | 14.9% | 18.4% | 16.7% | 13.1% | 12.8% | 11.4% | 9.7% | 11.3% | 9.2% | 6.9% | 8.0% | 7.4% | 4.2% | 6.2% | 5.4% | 5.1% |
| EPS (₹) | 0.00 | 0.00 | 8.13 | 20.10 | 8.95 | 6.22 | 5.49 | 4.78 | 3.80 | 4.22 | 3.17 | 11.80 | 13.74 | 10.83 | 6.18 | 10.99 | 10.33 | 9.46 |
| Net profit YoY | +16.7% | +40.5% | +48.4% | +321.4% | +136.2% | +47.9% | +73.5% | +102.5% | +38.1% | +94.7% | +156.3% | +7.4% | +33.0% | +26.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 991 | 787 | 644 | 607 | 568 |
| Other income | 7.8 | 2.3 | 6.5 | 4.5 | 8.8 |
| Total expenses | 776 | 670 | 581 | 566 | 530 |
| EBITDA | 280 | 176 | 117 | 91.9 | 81.2 |
| EBITDA margin | 28.3% | 22.4% | 18.2% | 15.1% | 14.3% |
| Finance costs | 15.9 | 16.9 | 17.9 | 17.9 | 16.9 |
| Depreciation | 49.2 | 42.2 | 35.7 | 33.3 | 26.5 |
| Profit before tax | 223 | 119 | 69.8 | 45.2 | 46.5 |
| Tax | 52.7 | 26.2 | 12.6 | 10.1 | 11.3 |
| Net profit | 170 | 93.1 | 57.3 | 35.1 | 35.3 |
| Net margin | 17.2% | 11.8% | 8.9% | 5.8% | 6.2% |
| EPS (₹) | 0.00 | 20.29 | 12.49 | 38.32 | 39.94 |
| Net profit YoY | +82.5% | +62.5% | +63.0% | −0.3% | – |
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 | 226 | 110 | 92.3 | 90 | 55.3 |
| Investing cash flow | −185 | −71.3 | −93.8 | −101 | −129 |
| Financing cash flow | −39.3 | −41.9 | 4.6 | −5.1 | 108 |
| Capital expenditure | 178 | 68 | 87 | 94.4 | 111 |
| Free cash flow (CFO − capex) | 47.2 | 42 | 5.2 | −4.4 | −56 |
Net profit trend
annual, ₹ croreFY22
₹35.3
FY23
₹35.1−0%
FY24
₹57.3+63%
FY25
₹93.1+63%
FY26
₹170+82%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 8 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 8 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 19 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 19 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 8 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 8 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 54.0×66.3×
P/B5Y avg 8.75×20.15×
ROEFY26, on average equity26.9%
Net margin17.2%
Debt / equity0.24×
Revenue CAGR (3Y)17.7%
Profit CAGR (3Y)69.1%
EPS (TTM)₹47.42
Market cap₹14,440 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
20.15×
vs 8-point avg 8.75× (+130%)
2.35× low8.75× avg20.15× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,147 Cr+23%
Net worth₹717 Cr+31%
Total borrowings₹174 Cr−7%
Cash & bank balances₹21 Cr+9%
Investments₹0 Cr−100%
Inventories₹151 Cr+9%
Trade receivables₹215 Cr+25%
Trade payables₹86 Cr−13%
Change vs the same date a year earlier.