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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q3 FY19 | Q2 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,033 | 4,615 | 3,713 | 3,640 | 3,819 | 4,313 | 3,491 | 3,424 | 3,464 | 3,570 | 3,053 | 3,177 | 3,338 | 37.8 | 3,470 | 3,728 | 3,549 | 3,346 | 2,839 | 2,699 | 2,608 | 2,146 | 2,101 | 1,545 | 1,858 | 1,850 | 1,738 | 1,964 | 1,915 | 1,612 |
| Other income | 33.9 | 24.9 | 27.3 | 25.7 | 29.1 | 34.5 | 39.6 | 33.3 | 25.3 | 23.4 | 18.8 | 29.1 | 11.8 | 0.2 | 10 | 32.7 | 7.2 | 10.7 | 11.1 | 13.8 | 13 | 21.7 | 9.8 | 10.1 | 6.3 | 5.6 | 22 | 5.2 | 14.6 | 13 |
| Total expenses | 4,088 | 3,871 | 3,215 | 3,149 | 3,272 | 3,640 | 3,162 | 3,174 | 3,145 | 3,150 | 2,723 | 2,792 | 2,864 | 30.7 | 2,849 | 3,142 | 2,769 | 2,626 | 2,318 | 2,178 | 2,109 | 1,725 | 1,679 | 1,329 | 1,645 | 1,597 | 1,555 | 1,770 | 1,739 | 1,462 |
| EBITDA | 1,237 | 1,026 | 780 | 774 | 830 | 957 | 620 | 538 | 603 | 696 | 566 | 626 | 696 | 9.3 | 834 | 769 | 948 | 881 | 675 | 672 | 643 | 566 | 572 | 363 | 361 | 403 | 331 | 341 | 315 | 279 |
| EBITDA margin | 24.6% | 22.2% | 21.0% | 21.3% | 21.7% | 22.2% | 17.7% | 15.7% | 17.4% | 19.5% | 18.5% | 19.7% | 20.9% | 24.7% | 24.0% | 20.6% | 26.7% | 26.3% | 23.8% | 24.9% | 24.7% | 26.4% | 27.3% | 23.5% | 19.4% | 21.8% | 19.0% | 17.4% | 16.4% | 17.3% |
| Finance costs | 68.6 | 62 | 65.5 | 70.7 | 79.9 | 89.4 | 96.3 | 93.8 | 96.5 | 90 | 67.4 | 79.3 | 65.6 | 0.7 | 62 | 44.5 | 35.7 | 29.4 | 23.4 | 27.5 | 26.2 | 28.5 | 36.2 | 43.2 | 46.6 | 47.5 | 55 | 54.4 | 50 | 42.5 |
| Depreciation | 223 | 220 | 217 | 212 | 203 | 195 | 194 | 194 | 188 | 186 | 169 | 161 | 157 | 1.5 | 151 | 139 | 132 | 132 | 130 | 123 | 118 | 117 | 114 | 104 | 101 | 102 | 92.9 | 93.2 | 88 | 86.1 |
| Profit before tax | 979 | 757 | 452 | 517 | 576 | 707 | 369 | 284 | 344 | 443 | 348 | 415 | 486 | 7.3 | 631 | 618 | 788 | 730 | 532 | 535 | 512 | 443 | 432 | 226 | 220 | 259 | 205 | 199 | 191 | 163 |
| Tax | 220 | 175 | 19 | 129 | 144 | 181 | 97.6 | 82.2 | 91.8 | 21.1 | 94.9 | 114 | 126 | 1.7 | 120 | 137 | 182 | 225 | 150 | 140 | 130 | 119 | 116 | 49.3 | 25.5 | −86.4 | 4.1 | 33.1 | 40.2 | 39.5 |
| Net profit | 759 | 582 | 433 | 388 | 432 | 526 | 271 | 201 | 252 | 422 | 253 | 301 | 359 | 5.6 | 511 | 481 | 606 | 506 | 382 | 395 | 381 | 325 | 315 | 177 | 186 | 343 | 301 | 166 | 151 | 124 |
| Net margin | 15.1% | 12.6% | 11.7% | 10.7% | 11.3% | 12.2% | 7.8% | 5.9% | 7.3% | 11.8% | 8.3% | 9.5% | 10.8% | 14.9% | 14.7% | 12.9% | 17.1% | 15.1% | 13.5% | 14.6% | 14.6% | 15.1% | 15.0% | 11.5% | 10.0% | 18.5% | 17.3% | 8.4% | 7.9% | 7.7% |
| EPS (₹) | 25.60 | 19.63 | 14.60 | 13.10 | 14.58 | 17.75 | 9.15 | 6.79 | 8.51 | 14.24 | 8.55 | 10.15 | 12.12 | 18.97 | 17.24 | 16.23 | 20.43 | 17.06 | 12.91 | 66.72 | 64.39 | 55.01 | 54.91 | 30.77 | 33.78 | 60.10 | 34.96 | 28.83 | 26.31 | 21.58 |
| Net profit YoY | +75.5% | +10.6% | +59.6% | +92.7% | +71.4% | +24.6% | +7.0% | −33.0% | −29.8% | +7406.6% | −50.4% | −37.5% | – | −99.1% | +1.1% | +25.8% | +59.0% | +55.7% | +21.3% | +123.2% | +105.1% | −5.3% | +4.7% | – | – | +107.0% | +99.2% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 15,787 | 14,693 | 13,139 | 149 | 12,434 | 8,400 | 7,209 | 5,685 |
| Other income | 107 | 133 | 83 | 0.7 | 42.8 | 54.5 | 49.1 | 68.8 |
| Total expenses | 13,507 | 13,122 | 11,529 | 121 | 9,891 | 6,842 | 6,344 | 5,172 |
| EBITDA | 3,410 | 2,718 | 2,584 | 35.3 | 3,176 | 2,145 | 1,455 | 953 |
| EBITDA margin | 21.6% | 18.5% | 19.7% | 23.7% | 25.5% | 25.5% | 20.2% | 16.8% |
| Finance costs | 278 | 376 | 302 | 2 | 116 | 134 | 201 | 124 |
| Depreciation | 852 | 772 | 673 | 5.8 | 517 | 453 | 389 | 316 |
| Profit before tax | 2,302 | 1,704 | 1,692 | 28.2 | 2,586 | 1,613 | 915 | 582 |
| Tax | 466 | 453 | 357 | 6.6 | 697 | 414 | −1.2 | 120 |
| Net profit | 1,835 | 1,251 | 1,336 | 21.6 | 1,889 | 1,198 | 1,019 | 462 |
| Net margin | 11.6% | 8.5% | 10.2% | 14.5% | 15.2% | 14.3% | 14.1% | 8.1% |
| EPS (₹) | 61.91 | 42.40 | 45.06 | 72.95 | 63.75 | 205.59 | 159.34 | 80.41 |
| Net profit YoY | +46.7% | −6.4% | +6077.2% | −98.9% | +57.7% | +17.5% | – | – |
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 | 2,554 | 2,487 | 2,094 | 29 | 2,106 |
| Investing cash flow | −1,598 | −1,484 | −2,227 | −29.6 | −1,588 |
| Financing cash flow | −708 | −1,071 | −71.7 | 2.2 | −207 |
| Capital expenditure | 1,815 | 1,231 | 2,217 | 28.7 | 1,832 |
| Free cash flow (CFO − capex) | 738 | 1,256 | −123 | 0.4 | 274 |
Net profit trend
annual, ₹ croreFY21
₹1,198
FY22
₹1,889+58%
FY23
₹21.6−99%
FY24
₹1,336+6077%
FY25
₹1,251−6%
FY26
₹1,835+47%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 22 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 22 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 5 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 5 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 20 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 20 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 27 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 27 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 23 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 23 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 868.0×34.8×
P/B5Y avg 92.20×5.36×
ROEFY26, on average equity13.8%
Net margin11.6%
Debt / equity0.36×
Revenue CAGR (3Y)373.5%
Profit CAGR (3Y)339.5%
EPS (TTM)₹72.93
Market cap₹75,291 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.36×
vs 8-point avg 92.20× (−94%)
5.15× low92.20× avg692.28× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹24,147 Cr+12%
Net worth₹14,043 Cr+11%
Total borrowings₹5,004 Cr+8%
Cash & bank balances₹590 Cr+77%
Investments₹687 Cr−17%
Inventories₹2,789 Cr+19%
Trade receivables₹2,562 Cr+18%
Trade payables₹2,585 Cr+11%
Change vs the same date a year earlier.
Revenue mix FY26
Chemicals Business (CB)49.3%result ₹2,263 Cr
Performance Films & Foil Business (PFB)36.5%result ₹508 Cr
Technical Textiles Business (TTB)11.9%result ₹190 Cr
Others2.3%result ₹47 Cr
Segment revenue as reported, before inter-segment eliminations.