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 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,458 | 883 | 862 | 1,300 | 1,290 | 941 | 828 | 935 | 1,312 | 961 | 923 | 1,048 | 1,349 | 840 | 887 | 826 | 1,219 | 857 | 849 | 819 | 803 | 994 | 769 | 612 | 758 | 848 | 826 | 0 |
| Other income | 177 | 99.7 | 137 | 140 | 189 | 239 | 140 | 172 | 147 | 137 | 136 | 112 | 121 | 85.8 | 98 | 89.4 | 104 | 56 | 68.9 | 58.9 | 77 | 65.3 | 54.4 | 112 | 60.7 | 66.4 | 75.2 | 0 |
| Total expenses | 820 | 593 | 559 | 924 | 782 | 632 | 500 | 594 | 709 | 548 | 451 | 541 | 644 | 425 | 418 | 371 | 661 | 367 | 385 | 372 | 352 | 463 | 366 | 356 | 493 | 404 | 500 | 0 |
| EBITDA | 735 | 391 | 420 | 784 | 619 | 429 | 444 | 541 | 719 | 523 | 589 | 728 | 797 | 498 | 584 | 538 | 773 | 564 | 529 | 487 | 551 | 608 | 502 | 409 | 506 | 595 | 479 | 0 |
| EBITDA margin | 50.4% | 44.3% | 48.7% | 60.3% | 48.0% | 45.6% | 53.7% | 57.9% | 54.8% | 54.4% | 63.8% | 69.4% | 59.1% | 59.2% | 65.9% | 65.1% | 63.4% | 65.8% | 62.3% | 59.5% | 68.6% | 61.2% | 65.3% | 66.9% | 66.7% | 70.2% | 58.1% | – |
| Finance costs | 1.4 | 3.3 | 2.9 | 4.2 | 3.6 | 3.5 | 3.6 | 4.1 | 2.3 | 1.9 | 1.9 | 1.7 | 3.2 | 2.5 | 2 | 2.6 | 2.4 | 4.5 | 24.7 | 2.1 | 18.4 | 2.7 | 2.8 | 3 | 3.1 | 3.1 | 3.3 | 0 |
| Depreciation | 95.8 | 98 | 113 | 404 | 108 | 117 | 113 | 196 | 113 | 108 | 115 | 219 | 89.6 | 79.7 | 114 | 80.1 | 213 | 69.6 | 40.4 | 38 | 82 | 74.2 | 96.8 | 151 | 238 | 149 | 150 | 0 |
| Profit before tax | 815 | 321 | 436 | 516 | 697 | 492 | 468 | 513 | 750 | 550 | 608 | 619 | 826 | 501 | 567 | 544 | 662 | 546 | 532 | 506 | 528 | 596 | 457 | 367 | 326 | 510 | 401 | 0 |
| Tax | 198 | 90.2 | 112 | 131 | 165 | 106 | 111 | 104 | 193 | 140 | 158 | 154 | 235 | 126 | 144 | 136 | 164 | 140 | 134 | 127 | 55.5 | 151 | 115 | 95.2 | 76.1 | 126 | 31.6 | 0 |
| Net profit | 619 | 232 | 324 | 355 | 529 | 372 | 363 | 409 | 560 | 415 | 454 | 465 | 592 | 380 | 425 | 407 | 494 | 410 | 396 | 365 | 488 | 445 | 335 | 257 | 245 | 385 | 369 | 0 |
| Net margin | 42.5% | 26.3% | 37.6% | 27.3% | 41.0% | 39.5% | 43.9% | 43.8% | 42.7% | 43.2% | 49.2% | 44.3% | 43.9% | 45.3% | 47.9% | 49.3% | 40.5% | 47.9% | 46.6% | 44.6% | 60.8% | 44.8% | 43.6% | 42.1% | 32.3% | 45.4% | 44.7% | – |
| EPS (₹) | 15.71 | 5.90 | 8.23 | 9.00 | 13.43 | 9.43 | 9.22 | 10.39 | 14.20 | 10.53 | 11.52 | 11.80 | 15.02 | 9.65 | 10.79 | 10.33 | 12.54 | 10.41 | 10.04 | 9.26 | 12.38 | 11.30 | 8.50 | 6.53 | 6.22 | 9.76 | 9.36 | 0.00 |
| Net profit YoY | +17.0% | −37.5% | −10.7% | −13.3% | −5.5% | −10.4% | −20.0% | −11.9% | −5.5% | +9.1% | +6.8% | +14.1% | +19.9% | −7.3% | – | +3.0% | +35.3% | −15.9% | +18.1% | +41.9% | +98.9% | +15.8% | −9.2% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,335 | 4,015 | 4,282 | 3,772 | 3,585 | 3,177 | 3,520 | 2,963 |
| Other income | 566 | 698 | 505 | 377 | 256 | 307 | 261 | 142 |
| Total expenses | 2,857 | 2,435 | 2,184 | 1,874 | 1,637 | 1,536 | 1,957 | 1,410 |
| EBITDA | 2,214 | 2,133 | 2,638 | 2,393 | 2,287 | 2,071 | 2,276 | 2,004 |
| EBITDA margin | 51.1% | 53.1% | 61.6% | 63.4% | 63.8% | 65.2% | 64.7% | 67.6% |
| Finance costs | 13.9 | 13.4 | 532 | 9.4 | 33.3 | 26.9 | 12.8 | 1.1 |
| Depreciation | 723 | 539 | 8.6 | 486 | 306 | 404 | 700 | 450 |
| Profit before tax | 1,970 | 2,222 | 2,603 | 2,275 | 2,204 | 1,947 | 1,824 | 1,695 |
| Tax | 499 | 513 | 687 | 571 | 553 | 416 | 434 | 582 |
| Net profit | 1,441 | 1,704 | 1,926 | 1,707 | 1,642 | 1,525 | 1,385 | 1,135 |
| Net margin | 33.2% | 42.4% | 45.0% | 45.3% | 45.8% | 48.0% | 39.4% | 38.3% |
| EPS (₹) | 36.56 | 43.23 | 48.86 | 43.31 | 41.66 | 38.70 | 35.16 | 28.81 |
| Net profit YoY | −15.4% | −11.5% | +12.8% | +4.0% | +7.6% | +10.1% | – | – |
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 | 1,802 | 1,663 | 2,171 | 2,096 | 1,634 |
| Investing cash flow | −1,311 | −1,066 | −1,313 | −1,554 | −987 |
| Financing cash flow | −525 | −618 | −697 | −631 | −603 |
| Capital expenditure | 83.9 | 28.9 | 511 | 570 | 1,130 |
| Free cash flow (CFO − capex) | 1,718 | 1,634 | 1,660 | 1,526 | 504 |
Net profit trend
annual, ₹ croreFY21
₹1,525
FY22
₹1,642+8%
FY23
₹1,707+4%
FY24
₹1,926+13%
FY25
₹1,704−12%
FY26
₹1,441−15%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 21 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 21 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 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 | 7 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)13.2×
P/B1.60×
ROEFY26, on average equity11.9%
Net margin33.2%
Debt / equity0.00×
Revenue CAGR (3Y)4.7%
Profit CAGR (3Y)-5.5%
EPS (TTM)₹38.84
Market cap₹20,224 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₹13,841 Cr+10%
Net worth₹12,643 Cr+9%
Total borrowings₹0 Cr−100%
Cash & bank balances₹243 Cr−11%
Investments₹7,543 Cr−6%
Inventories₹0 Cr
Trade receivables₹1,433 Cr+17%
Trade payables₹406 Cr+50%
Change vs the same date a year earlier.