Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 493 | 454 | 465 | 460 | 418 | 422 | 480 | 455 | 399 | 393 | 357 | 399 | 364 | 383 | 370 | 362 | 334 | 323 | 272 | 253 | 223 | 243 | 238 | 240 |
| Other income | 2 | 11.4 | 8.8 | 9.1 | 8.7 | 3.7 | 12 | 7.8 | 8.6 | 7.7 | 13.4 | 10 | 8.1 | 11.2 | 9.7 | 2.4 | 11.8 | 7.8 | 6.4 | 0.4 | 3.3 | 4 | 6.1 | 6 |
| Total expenses | 442 | 423 | 427 | 432 | 398 | 387 | 443 | 419 | 366 | 363 | 342 | 372 | 340 | 359 | 346 | 331 | 314 | 308 | 258 | 239 | 217 | 233 | 228 | 230 |
| EBITDA | 86 | 69.3 | 74.7 | 69.4 | 66.2 | 72.1 | 70.6 | 69.7 | 64.4 | 63.2 | 47.9 | 57.9 | 53.8 | 54.4 | 52.5 | 57.5 | 46.1 | 39.9 | 36.9 | 36 | 27.1 | 31.8 | 32.5 | 31.8 |
| EBITDA margin | 17.4% | 15.3% | 16.1% | 15.1% | 15.8% | 17.1% | 14.7% | 15.3% | 16.2% | 16.1% | 13.4% | 14.5% | 14.8% | 14.2% | 14.2% | 15.9% | 13.8% | 12.3% | 13.6% | 14.2% | 12.2% | 13.1% | 13.7% | 13.3% |
| Finance costs | 12.3 | 17.8 | 15.5 | 19.7 | 26.4 | 17.9 | 15 | 13.8 | 13 | 14.3 | 14.9 | 13.1 | 13.6 | 13.1 | 12.3 | 11.4 | 10.7 | 9.9 | 8.6 | 8 | 7.7 | 8.2 | 9.7 | 9.4 |
| Depreciation | 22.9 | 20.5 | 21.4 | 21.7 | 19.6 | 18.4 | 19.3 | 19.1 | 18.7 | 18.9 | 18.2 | 18.2 | 16.3 | 16.8 | 15.8 | 15.9 | 15.5 | 14.7 | 14.4 | 13.6 | 13.3 | 12.9 | 13 | 12.8 |
| Profit before tax | 52.7 | 40.2 | 35.1 | 37.2 | 28.8 | 39.5 | 48.3 | 44.6 | 41.3 | 37.7 | 28.2 | 36.6 | 32.1 | 35.7 | 34.2 | 49.9 | 31.8 | 23.1 | 20.4 | 14.9 | 9.4 | 14.6 | 16 | 15.7 |
| Tax | 12.7 | 18.5 | 10 | 8.5 | 6.5 | 1.5 | 10.5 | 9.1 | 9.6 | 8.7 | 8.8 | 7.3 | 8.5 | 11.6 | 9.9 | 10.4 | 9.3 | 6.7 | 6.5 | 4.3 | 3.5 | 2.3 | 6 | 5.2 |
| Net profit | 40 | 21.7 | 25 | 28.7 | 22.3 | 38 | 37.7 | 35.5 | 31.7 | 29 | 19.4 | 29.3 | 23.6 | 24.2 | 24.3 | 39.5 | 22.5 | 16.4 | 13.9 | 10.6 | 6 | 12.3 | 10 | 10.5 |
| Net margin | 8.1% | 4.8% | 5.4% | 6.2% | 5.3% | 9.0% | 7.9% | 7.8% | 8.0% | 7.4% | 5.4% | 7.3% | 6.5% | 6.3% | 6.6% | 10.9% | 6.7% | 5.1% | 5.1% | 4.2% | 2.7% | 5.1% | 4.2% | 4.4% |
| EPS (₹) | 43.96 | 23.87 | 27.52 | 31.56 | 24.52 | 41.78 | 41.46 | 39.05 | 34.86 | 31.90 | 21.37 | 32.19 | 26.13 | 26.54 | 26.66 | 43.43 | 24.73 | 18.07 | 15.25 | 11.65 | 6.54 | 13.54 | 10.94 | 11.53 |
| Net profit YoY | +79.3% | −42.9% | −33.6% | −19.2% | −29.6% | +31.0% | +94.0% | +21.3% | +34.4% | +20.2% | −19.8% | −25.9% | +4.9% | +46.9% | +74.9% | +272.7% | +278.2% | +33.4% | +39.4% | +1.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 1,810 | 1,770 | 1,513 | 1,442 | 1,065 | 886 |
| Other income | 25.4 | 14.3 | 39.2 | 42.3 | 23.2 | 20 |
| Total expenses | 1,680 | 1,611 | 1,417 | 1,350 | 1,021 | 859 |
| EBITDA | 292 | 293 | 223 | 203 | 135 | 116 |
| EBITDA margin | 16.2% | 16.6% | 14.7% | 14.1% | 12.6% | 13.1% |
| Finance costs | 79.4 | 58.3 | 55.9 | 47.4 | 34.2 | 37.2 |
| Depreciation | 83.3 | 75.5 | 71.6 | 63.9 | 55.9 | 51.5 |
| Profit before tax | 141 | 174 | 135 | 152 | 67.8 | 47.3 |
| Tax | 43.5 | 30.7 | 33.2 | 41.1 | 20.9 | 13.9 |
| Net profit | 97.8 | 143 | 101 | 110 | 46.9 | 33.5 |
| Net margin | 5.4% | 8.1% | 6.7% | 7.7% | 4.4% | 3.8% |
| EPS (₹) | 107.47 | 157.16 | 111.39 | 121.36 | 51.51 | 36.79 |
| Net profit YoY | −31.6% | +41.1% | −8.2% | +135.6% | +40.0% | – |
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 | 290 | 133 | 234 | 109 | 97 |
| Investing cash flow | −141 | −150 | −157 | −90 | −195 |
| Financing cash flow | −146 | 17.7 | −76.1 | −21.7 | 101 |
| Capital expenditure | 154 | 159 | 146 | 99.9 | 189 |
| Free cash flow (CFO − capex) | 136 | −26.5 | 88.5 | 9.4 | −92.4 |
Net profit trend
annual, ₹ croreFY21
₹33.5
FY22
₹46.9+40%
FY23
₹110+136%
FY24
₹101−8%
FY25
₹143+41%
FY26
₹97.8−32%
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 | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 9 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 9 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)32.4×
P/B5.20×
ROEFY26, on average equity14.4%
Net margin5.4%
Debt / equity0.80×
Revenue CAGR (3Y)7.9%
Profit CAGR (3Y)-4.0%
EPS (TTM)₹126.91
Market cap₹3,737 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₹1,716 Cr+6%
Net worth₹719 Cr+12%
Total borrowings₹575 Cr−2%
Cash & bank balances₹9 Cr+46%
Investments₹10 Cr−25%
Inventories₹243 Cr+14%
Trade receivables₹460 Cr−1%
Trade payables₹228 Cr+6%
Change vs the same date a year earlier.