Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 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 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 326 | 283 | 271 | 292 | 283 | 265 | 255 | 263 | 243 | 240 | 215 | 234 | 226 | 237 | 234 | 235 | 180 | 169 | 172 |
| Other income | 1.2 | 4 | 1.1 | 0.9 | 0.8 | 1.2 | 1.8 | 1.9 | 2.6 | 1.3 | 2 | 1.9 | 0.5 | 0.7 | 0.2 | 0.3 | 7 | 4.6 | 4.2 |
| Total expenses | 263 | 235 | 213 | 243 | 242 | 229 | 214 | 218 | 207 | 199 | 173 | 193 | 190 | 201 | 202 | 208 | 168 | 152 | 155 |
| EBITDA | 68.8 | 55.5 | 55.6 | 56.6 | 52.9 | 42.9 | 46 | 54.4 | 41.9 | 47.7 | 47.8 | 47.3 | 41.8 | 40.5 | 39.4 | 35.3 | 19.9 | 24.9 | 24.5 |
| EBITDA margin | 21.1% | 19.6% | 20.5% | 19.4% | 18.7% | 16.2% | 18.1% | 20.7% | 17.3% | 19.9% | 22.3% | 20.2% | 18.5% | 17.1% | 16.8% | 15.0% | 11.1% | 14.8% | 14.2% |
| Finance costs | 0.6 | 1.4 | −7.3 | 1.9 | 7.5 | −0.1 | −0.6 | 4 | 0.5 | 0.5 | 0.7 | 0.6 | 0.7 | 0.6 | 4.1 | 2.2 | 2.1 | 2 | 1.9 |
| Depreciation | 4.4 | 6.2 | 4.7 | 4.8 | 5 | 6.5 | 5.9 | 5.4 | 6.1 | 6.3 | 5.6 | 5.3 | 5.1 | 4.4 | 3.8 | 5.8 | 5.6 | 6 | 5.9 |
| Profit before tax | 65.1 | 51.9 | 59.3 | 50.8 | 41.3 | 37.7 | 42.5 | 46.8 | 37.9 | 41.1 | 43.5 | 43.3 | 36.5 | 36.2 | 31.7 | 27.6 | 19.1 | 21.5 | 20.8 |
| Tax | 16.9 | 13.7 | 13.3 | 13.5 | 13 | 8.1 | 12.6 | 12.7 | 9.5 | 3.5 | 12.2 | 11.5 | 8.7 | 9.5 | 7.7 | 6.7 | 2.6 | 5.9 | 5.8 |
| Net profit | 48.2 | 38.2 | 46 | 37.3 | 28.3 | 29.6 | 29.8 | 34.1 | 28.4 | 37.6 | 31.3 | 31.8 | 27.8 | 26.8 | 24 | 21 | 16.6 | 15.6 | 14.9 |
| Net margin | 14.8% | 13.5% | 17.0% | 12.8% | 10.0% | 11.2% | 11.7% | 13.0% | 11.7% | 15.7% | 14.6% | 13.6% | 12.3% | 11.3% | 10.3% | 8.9% | 9.2% | 9.2% | 8.7% |
| EPS (₹) | 28.37 | 22.35 | 27.16 | 22.17 | 16.57 | 17.51 | 17.55 | 19.66 | 16.73 | 22.17 | 18.49 | 18.73 | 16.39 | 15.81 | 14.18 | 12.38 | 9.78 | 9.23 | 8.85 |
| Net profit YoY | +70.3% | +29.3% | +54.3% | +9.5% | −0.3% | −21.3% | −4.8% | +7.4% | +2.1% | +40.3% | +30.4% | – | +32.4% | +61.3% | +54.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 1,129 | 1,025 | 914 | 952 | 659 |
| Other income | 6.8 | 7.5 | 5.7 | 1.4 | 8 |
| Total expenses | 933 | 868 | 754 | 826 | 587 |
| EBITDA | 221 | 185 | 185 | 155 | 104 |
| EBITDA margin | 19.5% | 18.1% | 20.2% | 16.3% | 15.7% |
| Finance costs | 3.4 | 3.9 | 2.5 | 8.2 | 7.8 |
| Depreciation | 20.7 | 23.9 | 22.3 | 20 | 23.3 |
| Profit before tax | 203 | 165 | 164 | 128 | 80.6 |
| Tax | 53.4 | 43 | 35.9 | 32.1 | 19.5 |
| Net profit | 150 | 122 | 128 | 96 | 60.9 |
| Net margin | 13.3% | 11.9% | 14.1% | 10.1% | 9.2% |
| EPS (₹) | 88.25 | 71.46 | 75.77 | 56.63 | 36.06 |
| Net profit YoY | +23.0% | −5.1% | +33.8% | +57.6% | – |
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 | 177 | 107 | 113 | 66.2 | 10.6 |
| Investing cash flow | −156 | −126 | −20.9 | −12.3 | −29.6 |
| Financing cash flow | −3.4 | −3.9 | −46.8 | −35.8 | 12.4 |
| Capital expenditure | 192 | 108 | 19.4 | 26.1 | 14.4 |
| Free cash flow (CFO − capex) | −14.4 | −0.5 | 93.5 | 40.1 | −3.7 |
Net profit trend
annual, ₹ croreFY22
₹60.9
FY23
₹96+58%
FY24
₹128+34%
FY25
₹122−5%
FY26
₹150+23%
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 | 7 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 7 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 23 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 23 Jan 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 | 2 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 2 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 21.3×33.6×
P/B5Y avg 4.79×7.08×
ROEFY26, on average equity20.5%
Net margin13.3%
Debt / equity0.04×
Revenue CAGR (3Y)5.9%
Profit CAGR (3Y)16.0%
EPS (TTM)₹100.16
Market cap₹5,710 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
7.08×
vs 7-point avg 4.79× (+48%)
3.86× low4.79× avg7.08× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹979 Cr+26%
Net worth₹807 Cr+23%
Total borrowings₹29 Cr−19%
Cash & bank balances₹65 Cr+33%
Investments₹0 Cr
Inventories₹218 Cr+18%
Trade receivables₹208 Cr+2%
Trade payables₹82 Cr+77%
Change vs the same date a year earlier.