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 | 1,032 | 1,050 | 948 | 880 | 878 | 908 | 821 | 828 | 810 | 832 | 732 | 813 | 693 | 748 | 655 | 695 | 709 | 681 | 548 | 529 | 480 | 660 | 604 | 458 | 73.8 | 458 | 466 | 496 | 572 | 0 | 0 |
| Other income | 6.2 | 7.7 | 5.6 | 19.5 | 5.7 | 6.5 | 4.8 | 6.3 | 3.2 | 3.7 | 6.6 | 2.7 | 1.5 | 5.7 | 8.4 | 4.2 | 2.1 | 2.4 | 0.3 | 2 | 4.8 | 2.1 | 3.4 | 3.8 | 1 | 8.6 | 2.3 | 7.1 | 2.3 | 0 | 0 |
| Total expenses | 983 | 991 | 901 | 845 | 830 | 853 | 780 | 786 | 766 | 790 | 705 | 775 | 675 | 727 | 651 | 685 | 693 | 662 | 536 | 524 | 480 | 623 | 566 | 434 | 128 | 445 | 448 | 484 | 553 | 0 | 0 |
| EBITDA | 80.8 | 92.4 | 81.4 | 68.5 | 82 | 92.8 | 75.9 | 76.5 | 77.2 | 77.1 | 59.6 | 70.2 | 47.3 | 51 | 33.6 | 39.6 | 43.3 | 47.5 | 39.8 | 34.7 | 26.8 | 63.9 | 66.3 | 53.5 | −29.9 | 41.6 | 48.2 | 44.1 | 55.1 | 0 | 0 |
| EBITDA margin | 7.8% | 8.8% | 8.6% | 7.8% | 9.3% | 10.2% | 9.2% | 9.2% | 9.5% | 9.3% | 8.1% | 8.6% | 6.8% | 6.8% | 5.1% | 5.7% | 6.1% | 7.0% | 7.3% | 6.6% | 5.6% | 9.7% | 11.0% | 11.7% | -40.5% | 9.1% | 10.4% | 8.9% | 9.6% | – | – |
| Finance costs | 2.6 | 2.3 | 2.8 | 2.1 | 2.4 | 3.2 | 3.2 | 2.5 | 2.7 | 3.7 | 3.8 | 2.5 | 1.6 | 2.1 | 1.6 | 1.7 | 1.4 | 2.1 | 2.5 | 3.5 | 2.8 | 2.6 | 3.3 | 5.6 | 4.8 | 5.2 | 7.5 | 9.2 | 14.5 | 0 | 0 |
| Depreciation | 28.8 | 31.1 | 31.6 | 31.4 | 30.8 | 34.2 | 31.6 | 31.7 | 30.6 | 31.8 | 28.4 | 28.9 | 27.4 | 27.9 | 28.2 | 27.6 | 26.6 | 26.6 | 26.1 | 25.9 | 23.9 | 24.2 | 24.9 | 23.8 | 19.3 | 22.8 | 23.4 | 22.6 | 21.5 | 0 | 0 |
| Profit before tax | 55.6 | 66.7 | 44.5 | 54.5 | 54.4 | 61.8 | 45.8 | 48.6 | 47.2 | 45.3 | 34 | 41.5 | 19.8 | 26.7 | 12.2 | 14.4 | 17.4 | 21.2 | 11.6 | 7.3 | 5 | 39.1 | 41.6 | 27.9 | −52.9 | 22.3 | 19.6 | 19.4 | 62.7 | 0 | 0 |
| Tax | 14.2 | 17 | 9.8 | 13.9 | 13.8 | 15.6 | 13 | 12.2 | 12.3 | 14.6 | 7.2 | 14.9 | 6.3 | 8.1 | 4 | 4.9 | 6 | 4.3 | 4.1 | 2.6 | 1.9 | 13.5 | 14.2 | 10.2 | −28.9 | 6.2 | 6.1 | 5.8 | 20.9 | 0 | 0 |
| Net profit | 41.5 | 49.3 | 34.8 | 40.7 | 40.8 | 46.2 | 32.9 | 36.4 | 35 | 30.4 | 26.9 | 26.8 | 13.6 | 18.3 | 8.3 | 9.7 | 11.7 | 16.7 | 7.6 | 5 | 3.4 | 26.2 | 27.4 | 17.7 | −24 | 16.7 | 13.4 | 13.4 | 41.5 | 0 | 0 |
| Net margin | 4.0% | 4.7% | 3.7% | 4.6% | 4.6% | 5.1% | 4.0% | 4.4% | 4.3% | 3.7% | 3.7% | 3.3% | 2.0% | 2.4% | 1.3% | 1.4% | 1.6% | 2.4% | 1.4% | 0.9% | 0.7% | 4.0% | 4.5% | 3.9% | -32.6% | 3.6% | 2.9% | 2.7% | 7.3% | – | – |
| EPS (₹) | 6.36 | 7.56 | 5.33 | 6.24 | 6.26 | 7.08 | 5.05 | 5.58 | 5.36 | 4.66 | 4.12 | 4.10 | 2.08 | 2.81 | 1.26 | 1.49 | 1.79 | 2.55 | 1.16 | 0.76 | 0.51 | 4.02 | 4.20 | 2.72 | -3.68 | 2.55 | 2.04 | 2.05 | 6.36 | 0.00 | 0.00 |
| Net profit YoY | +1.7% | +6.8% | +5.6% | +11.9% | +16.7% | +51.8% | +22.6% | +36.1% | +158.0% | +66.5% | +225.2% | +175.0% | +16.4% | +9.8% | +9.4% | +96.6% | +247.8% | −36.5% | −72.5% | −72.1% | +113.9% | +57.6% | +105.5% | +32.8% | −157.9% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,756 | 3,368 | 3,071 | 2,806 | 2,239 | 1,796 | 1,993 | 2,124 | 1,970 |
| Other income | 38.5 | 20.7 | 14.5 | 20.3 | 9.5 | 10.3 | 20.4 | 10.3 | 7.4 |
| Total expenses | 3,566 | 3,185 | 2,945 | 2,756 | 2,203 | 1,750 | 1,930 | 2,017 | 1,893 |
| EBITDA | 324 | 322 | 254 | 168 | 149 | 154 | 189 | 228 | 210 |
| EBITDA margin | 8.6% | 9.6% | 8.3% | 6.0% | 6.6% | 8.6% | 9.5% | 10.7% | 10.7% |
| Finance costs | 9.6 | 11.5 | 11.7 | 6.8 | 10.9 | 16.3 | 36.3 | 42.2 | 41.2 |
| Depreciation | 125 | 128 | 117 | 110 | 102 | 92.1 | 90.3 | 78.9 | 92 |
| Profit before tax | 220 | 203 | 141 | 70.7 | 45 | 55.7 | 124 | 114 | 82.2 |
| Tax | 54.5 | 53.1 | 43 | 22.9 | 12.8 | 9 | 39.1 | 37.8 | 21.8 |
| Net profit | 166 | 151 | 97.6 | 47.9 | 32.5 | 47.4 | 84.9 | 76.2 | 60.6 |
| Net margin | 4.4% | 4.5% | 3.2% | 1.7% | 1.5% | 2.6% | 4.3% | 3.6% | 3.1% |
| EPS (₹) | 25.39 | 23.07 | 14.96 | 7.35 | 4.98 | 7.26 | 13.00 | 12.37 | 10.09 |
| Net profit YoY | +10.0% | +54.2% | +103.7% | +47.4% | −31.4% | −44.2% | +11.3% | +25.9% | – |
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 | 105 | 175 | 165 | 141 | 151 |
| Investing cash flow | −137 | −165 | −91.5 | −145 | −99.6 |
| Financing cash flow | 6.9 | −13.1 | −65 | 3.7 | −52.6 |
| Capital expenditure | 150 | 118 | 120 | 132 | 106 |
| Free cash flow (CFO − capex) | −44.2 | 56.9 | 45.3 | 8.3 | 44.9 |
Net profit trend
annual, ₹ croreFY21
₹47.4
FY22
₹32.5−31%
FY23
₹47.9+47%
FY24
₹97.6+104%
FY25
₹151+54%
FY26
₹166+10%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 18 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 18 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 30 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 30 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 10 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)28.3×
P/B3.78×
ROEFY26, on average equity14.2%
Net margin4.4%
Debt / equity0.02×
Revenue CAGR (3Y)10.2%
Profit CAGR (3Y)51.2%
EPS (TTM)₹25.49
Market cap₹4,704 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹2,134 Cr+15%
Net worth₹1,244 Cr+14%
Total borrowings₹30 Cr
Cash & bank balances₹12 Cr−68%
Investments₹142 Cr+24%
Inventories₹451 Cr+21%
Trade receivables₹576 Cr+28%
Trade payables₹618 Cr+10%
Change vs the same date a year earlier.