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 | Q1 FY20 | Q4 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 17,076 | 15,588 | 15,276 | 14,549 | 12,742 | 11,800 | 11,459 | 11,554 | 10,476 | 10,125 | 9,996 | 10,473 | 9,468 | 8,460 | 8,475 | 8,963 | 6,902 | 6,916 | 6,801 | 4,973 | 6,440 | 6,374 | 5,464 | 2,021 | 4,341 | 4,990 | 5,221 | 5,307 | 0 | 0 |
| Other income | 6.7 | 30.1 | 15.6 | 12.9 | 11.5 | 7.2 | 17.7 | 7.8 | 7.5 | 9.2 | 24.6 | 147 | 120 | 73.7 | 10.5 | 9.2 | 14.3 | 15 | 2.1 | 6.3 | 11.5 | 22.4 | 18.6 | 10.4 | 22.1 | 14.9 | 5.9 | 17 | 0 | 0 |
| Total expenses | 15,376 | 14,198 | 13,824 | 13,268 | 11,724 | 10,835 | 10,431 | 10,643 | 9,733 | 9,381 | 9,220 | 9,882 | 8,964 | 8,065 | 8,033 | 8,399 | 6,507 | 6,566 | 6,430 | 4,929 | 5,999 | 5,952 | 5,208 | 2,323 | 4,231 | 4,722 | 4,970 | 5,087 | 0 | 0 |
| EBITDA | 2,789 | 2,414 | 2,464 | 2,273 | 2,012 | 1,909 | 1,848 | 1,695 | 1,510 | 1,547 | 1,536 | 1,360 | 1,246 | 1,088 | 1,047 | 1,152 | 904 | 810 | 811 | 464 | 839 | 823 | 676 | 50.1 | 535 | 646 | 626 | 600 | 0 | 0 |
| EBITDA margin | 16.3% | 15.5% | 16.1% | 15.6% | 15.8% | 16.2% | 16.1% | 14.7% | 14.4% | 15.3% | 15.4% | 13.0% | 13.2% | 12.9% | 12.4% | 12.8% | 13.1% | 11.7% | 11.9% | 9.3% | 13.0% | 12.9% | 12.4% | 2.5% | 12.3% | 13.0% | 12.0% | 11.3% | – | – |
| Finance costs | 708 | 653 | 651 | 651 | 663 | 635 | 554 | 522 | 520 | 534 | 516 | 517 | 477 | 418 | 354 | 350 | 275 | 245 | 233 | 232 | 220 | 232 | 251 | 227 | 244 | 229 | 216 | 222 | 0 | 0 |
| Depreciation | 381 | 372 | 361 | 341 | 332 | 309 | 266 | 261 | 247 | 270 | 244 | 252 | 265 | 275 | 250 | 238 | 234 | 215 | 207 | 188 | 178 | 169 | 170 | 125 | 181 | 150 | 159 | 158 | 0 | 0 |
| Profit before tax | 1,707 | 1,420 | 1,417 | 1,294 | 1,029 | 972 | 1,046 | 920 | 750 | 753 | 801 | 736 | 621 | 494 | 474 | 601 | 419 | 374 | 384 | 3.5 | 444 | 438 | 267 | −291 | 82.9 | 202 | 326 | 237 | 0 | 0 |
| Tax | 519 | 539 | 445 | 402 | 343 | 323 | 338 | 303 | 251 | 279 | 255 | 269 | 201 | 166 | 174 | 190 | 107 | 127 | 114 | 12.2 | 139 | 105 | 75.3 | −57.9 | 32.3 | 43.3 | 62.3 | 80.8 | 0 | 0 |
| Net profit | 1,174 | 865 | 969 | 880 | 675 | 644 | 685 | 599 | 481 | 464 | 532 | 457 | 409 | 324 | 289 | 394 | 308 | 253 | 271 | −8 | 307 | 331 | 190 | −236 | 50.1 | 159 | 262 | 156 | 0 | 0 |
| Net margin | 6.9% | 5.6% | 6.3% | 6.0% | 5.3% | 5.5% | 6.0% | 5.2% | 4.6% | 4.6% | 5.3% | 4.4% | 4.3% | 3.8% | 3.4% | 4.4% | 4.5% | 3.7% | 4.0% | -0.2% | 4.8% | 5.2% | 3.5% | -11.7% | 1.2% | 3.2% | 5.0% | 2.9% | – | – |
| EPS (₹) | 301.62 | 209.62 | 243.75 | 218.89 | 165.85 | 134.52 | 190.81 | 137.54 | 107.20 | 114.78 | 110.86 | 112.65 | 97.09 | 75.90 | 61.20 | 104.91 | 80.81 | 62.93 | 73.30 | 0.80 | 82.62 | 100.02 | 54.76 | -77.42 | 4.56 | 43.91 | 74.03 | 44.14 | 0.00 | 0.00 |
| Net profit YoY | +73.8% | +34.4% | +41.4% | +47.0% | +40.4% | +38.8% | +28.8% | +30.9% | +17.5% | +43.2% | +84.3% | +16.0% | – | +5.2% | +14.1% | +45.3% | +0.2% | −23.4% | +43.1% | +96.6% | +513.2% | +108.5% | −27.6% | −251.2% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 58,155 | 44,993 | 40,248 | 33,564 | 25,591 | 20,299 | 19,859 | 21,548 | 17,903 |
| Other income | 70 | 39.7 | 34.4 | 126 | 34.5 | 63 | 56.2 | 27.8 | 148 |
| Total expenses | 53,015 | 41,365 | 37,447 | 31,726 | 24,432 | 19,482 | 19,006 | 20,462 | 17,212 |
| EBITDA | 9,163 | 6,918 | 5,874 | 4,248 | 2,988 | 2,388 | 2,411 | 2,339 | 1,510 |
| EBITDA margin | 15.8% | 15.4% | 14.6% | 12.7% | 11.7% | 11.8% | 12.1% | 10.9% | 8.4% |
| Finance costs | 2,617 | 2,223 | 2,043 | 1,424 | 985 | 929 | 910 | 719 | 372 |
| Depreciation | 1,406 | 1,067 | 1,030 | 986 | 845 | 643 | 649 | 534 | 447 |
| Profit before tax | 5,160 | 3,668 | 2,830 | 2,053 | 1,181 | 857 | 848 | 1,114 | 839 |
| Tax | 1,729 | 1,214 | 1,004 | 680 | 360 | 262 | 219 | 368 | 212 |
| Net profit | 3,390 | 2,409 | 1,782 | 1,333 | 824 | 592 | 627 | 750 | 629 |
| Net margin | 5.8% | 5.4% | 4.4% | 4.0% | 3.2% | 2.9% | 3.2% | 3.5% | 3.5% |
| EPS (₹) | 838.12 | 560.63 | 395.60 | 321.10 | 217.84 | 159.98 | 166.63 | 213.59 | 167.12 |
| Net profit YoY | +40.7% | +35.2% | +33.7% | +61.7% | +39.3% | −5.5% | −16.4% | +19.2% | – |
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 | 1,137 | 3,535 | −867 | −4,111 | −1,548 |
| Investing cash flow | −3,015 | −3,227 | 1,533 | −1,439 | −1,705 |
| Financing cash flow | 1,792 | 1,579 | 275 | 5,979 | 3,116 |
| Capital expenditure | 3,293 | 2,483 | 1,120 | 1,485 | 1,036 |
| Free cash flow (CFO − capex) | −2,156 | 1,052 | −1,986 | −5,596 | −2,584 |
Net profit trend
annual, ₹ croreFY21
₹592
FY22
₹824+39%
FY23
₹1,333+62%
FY24
₹1,782+34%
FY25
₹2,409+35%
FY26
₹3,390+41%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 21 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 21 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 13 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 13 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 28 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 28 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 28 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 28 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 31 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 7.4×6.6×
P/B5Y avg 3.32×3.94×
ROEFY26, on average equity60.8%
Net margin5.8%
Debt / equity4.34×
Revenue CAGR (3Y)20.1%
Profit CAGR (3Y)36.5%
EPS (TTM)₹1921.15
Market cap₹25,504 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.94×
vs 8-point avg 3.32× (+19%)
1.28× low3.32× avg4.68× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹64,008 Cr+18%
Net worth₹6,466 Cr+38%
Total borrowings₹28,039 Cr+5%
Cash & bank balances₹4,621 Cr−2%
Investments₹1,217 Cr−8%
Inventories₹2,459 Cr+2%
Trade receivables₹2,685 Cr+53%
Change vs the same date a year earlier.
Revenue mix FY26
a) Automotive Vehicles & Parts83.7%result ₹3,994 Cr
b) Financial Services16.3%result ₹1,511 Cr
Segment revenue as reported, before inter-segment eliminations.