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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	Q3 FY19	Q2 FY19	Q4 FY18
Revenue from operations	401	365	383	427	403	399	359	391	245	295	252	292	248	275	251	306	246	254	250	222	133	192	210	190	61.2	168	177	246	218	222	223	191	183
Other income	3.6	3.8	5.9	6.8	1.6	4.2	2.9	2.4	2.7	1.6	4.9	5.6	4.2	1.9	7.7	9.1	7.2	4.6	3.8	0.7	0.3	0.4	0.2	0.3	0.4	1.2	4.7	9.8	8.1	0.8	1.4	0.6	1.4
Total expenses	368	341	349	386	374	366	327	363	227	267	233	260	227	252	239	285	217	222	224	192	117	177	183	167	67.5	164	167	233	215	193	186	170	165
EBITDA	61.4	44.6	56.6	63.6	52.9	54.2	50.9	49.7	33	40.8	34.5	46.5	36	39.7	22.4	37.5	43	44.6	38.6	40.5	28.1	24.7	38.6	34.3	6.7	17.8	23.8	26.7	14.9	33	40	32.4	33.4
EBITDA margin	15.3%	12.2%	14.8%	14.9%	13.1%	13.6%	14.2%	12.7%	13.5%	13.8%	13.7%	15.9%	14.5%	14.4%	8.9%	12.3%	17.5%	17.6%	15.4%	18.2%	21.1%	12.9%	18.4%	18.1%	10.9%	10.6%	13.5%	10.8%	6.8%	14.9%	18.0%	17.0%	18.3%
Finance costs	14.9	8.6	10	10.3	11.8	9.7	7.8	10.7	5.3	3.1	5.5	4.2	5.9	7.1	1.5	7.8	5.1	3.6	3.6	1.4	3.2	2.4	3.7	3.4	4.8	5.4	5.9	5.8	5.7	−1.6	−2.3	6.3	10.1
Depreciation	13.2	12.3	12.5	11.7	11.3	11.3	11.2	11	9.8	9.5	9.4	9.5	9.4	9.2	9	8.4	9.5	9	8.5	8.6	8.4	7.6	8.5	8.1	8.1	8.3	7.5	7.7	6.4	5.5	5.5	5.3	5.8
Profit before tax	35.8	27.5	37	48.4	30.8	37.5	34.8	30.4	20.6	29.8	24.5	38.4	24.9	25.4	19.4	30.5	35.5	36.6	30.2	31.2	16.8	15.2	26.6	23.2	−5.8	5.2	5.4	23	10.9	29.9	38.2	21.4	18.9
Tax	11	7.8	10	12.1	10.1	7.1	10	8.5	2.6	1.4	6.9	9.8	9.9	4.9	6.2	7.5	9.7	11.3	5.6	7.9	5.3	4.6	7	4.4	0	2.4	3.5	−11.9	3.6	10.8	11.4	6.5	5.6
Net profit	24.9	18.6	27	34.7	20.7	30.4	24.8	21.9	18	28.5	17.6	28.6	15	20.5	13.3	22.9	25.8	25.3	24.6	23.2	11.6	10.6	19.7	18.8	−5.8	2.8	1.9	34.9	7.3	19.1	26.8	14.9	13.2
Net margin	6.2%	5.1%	7.1%	8.1%	5.1%	7.6%	6.9%	5.6%	7.4%	9.6%	7.0%	9.8%	6.0%	7.5%	5.3%	7.5%	10.5%	9.9%	9.8%	10.5%	8.7%	5.5%	9.4%	9.9%	-9.5%	1.7%	1.1%	14.2%	3.3%	8.6%	12.0%	7.8%	7.2%
EPS (₹)	9.89	7.40	10.76	13.83	8.23	12.11	9.86	8.73	7.19	11.34	7.02	11.39	5.97	8.18	5.21	8.92	10.04	9.83	9.59	9.05	4.50	4.11	7.65	7.31	-2.27	1.09	0.74	13.58	2.85	7.43	10.42	5.80	5.26
Net profit YoY	+20.4%	−38.8%	+9.1%	+58.3%	+14.5%	+6.8%	+40.6%	−23.3%	+20.5%	+38.7%	+32.7%	+24.7%	−42.0%	−18.7%	−46.1%	−1.4%	+123.2%	+139.2%	+25.3%	+23.8%	+298.6%	+275.8%	+937.2%	−46.2%	−179.9%	−85.3%	−92.9%	+133.9%	–	+44.3%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	1,579	1,395	1,087	1,078	859	652	809	826	662
Other income	18.1	12.2	16.3	23	9.5	1.4	23.7	3.4	16.4
Total expenses	1,449	1,284	986	990	754	595	779	720	608
EBITDA	218	188	158	143	152	104	83.1	134	106
EBITDA margin	13.8%	13.5%	14.5%	13.2%	17.7%	16.0%	10.3%	16.2%	16.0%
Finance costs	40.7	33.5	18.7	18.6	11.9	14.3	22.8	6.2	28.7
Depreciation	47.9	43.3	37.8	36.2	34.6	32.3	29.9	21.6	22.4
Profit before tax	147	123	118	111	115	59.1	54.1	109	71.1
Tax	40.1	28.1	28	28.3	30.1	16	−2.5	36.1	23.3
Net profit	101	95.1	89.6	82.5	84.7	43.2	56.7	73.4	47.8
Net margin	6.4%	6.8%	8.2%	7.7%	9.9%	6.6%	7.0%	8.9%	7.2%
EPS (₹)	40.22	37.90	35.72	32.37	32.96	16.80	18.26	28.65	19.00
Net profit YoY	+6.1%	+6.1%	+8.6%	−2.6%	+96.2%	−23.8%	−22.8%	+53.5%	–

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	209	44.4	79.2	216	32.8
Investing cash flow	−189	−177	6.2	−160	−35.1
Financing cash flow	−1.5	82.5	−66.8	−47.8	23.6
Capital expenditure	108	82.2	55	51.8	39.3
Free cash flow (CFO − capex)	101	−37.8	24.2	164	−6.4

Net profit trend

annual, ₹ crore

FY21

₹43.2

FY22

₹84.7+96%

FY23

₹82.5−3%

FY24

₹89.6+9%

FY25

₹95.1+6%

FY26

₹101+6%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	11 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	11 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	20 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	20 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	11 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	11 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	14 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	14 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	14 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	14 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY265.09 MB FY2511.13 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 15.4×23.1×

P/B5Y avg 1.92×2.57×

ROEFY26, on average equity11.2%

Net margin6.4%

Debt / equity0.42×

Revenue CAGR (3Y)13.6%

Profit CAGR (3Y)7.0%

EPS (TTM)₹41.83

Market cap₹2,427 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

2.57×

vs 8-point avg 1.92× (+33%)

1.20× low1.92× avg3.07× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹1,591 Cr+9%

Net worth₹946 Cr+10%

Total borrowings₹400 Cr+5%

Cash & bank balances₹54 Cr+52%

Investments₹58 Cr+491%

Inventories₹310 Cr−16%

Trade receivables₹253 Cr+1%

Trade payables₹129 Cr−3%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	61.81	61.81	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93
FII	1.49	1.48	1.83	1.48	1.83	1.81	1.84	1.63	1.59	1.53	1.39	1.50
DII	16.15	16.57	18.72	19.79	19.92	19.68	19.84	19.56	19.24	18.87	19.07	18.46
of which MF	14.64	15.07	17.36	18.44	18.67	–	–	–	–	–	–	–
Retail	15.20	14.35	12.31	12.47	12.04	12.21	11.93	12.51	12.72	13.40	13.40	13.84
Other public	5.35	5.79	5.21	4.33	4.28	4.37	4.46	4.37	4.52	4.27	4.21	4.27

17,353 shareholders · NSE shareholding pattern filings.