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 | 16,296 | 15,053 | 14,756 | 14,051 | 12,210 | 11,542 | 11,135 | 11,302 | 10,407 | 10,042 | 10,114 | 9,933 | 9,056 | 8,031 | 8,066 | 8,561 | 7,316 | 6,585 | 6,597 | 6,483 | 4,689 | 6,132 | 6,095 | 5,254 | 1,940 | 4,105 | 4,766 | 4,960 | 5,018 | 0 | 0 |
| Other income | 158 | 6.7 | −10.3 | −14 | 39.7 | −68.2 | 65.1 | 32.3 | 40.8 | −43.5 | 11.9 | 50.9 | 86.5 | 67.1 | 8.9 | 29.8 | 32.1 | 13.6 | 8.9 | 7.8 | 2.7 | 8.6 | 16.7 | 15.2 | 6.7 | 24 | 13.3 | 6.6 | 7.9 | 0 | 0 |
| Total expenses | 14,894 | 13,746 | 13,369 | 12,802 | 11,262 | 10,465 | 10,273 | 10,428 | 9,691 | 9,339 | 9,363 | 9,297 | 8,505 | 7,608 | 7,600 | 8,025 | 6,901 | 6,225 | 6,252 | 6,149 | 4,659 | 5,723 | 5,712 | 5,010 | 2,184 | 3,971 | 4,500 | 4,722 | 4,793 | 0 | 0 |
| EBITDA | 2,357 | 2,187 | 2,270 | 2,122 | 1,814 | 1,920 | 1,665 | 1,642 | 1,465 | 1,485 | 1,488 | 1,356 | 1,215 | 1,054 | 1,022 | 1,086 | 905 | 830 | 770 | 740 | 415 | 778 | 753 | 633 | 73.6 | 522 | 613 | 577 | 560 | 0 | 0 |
| EBITDA margin | 14.5% | 14.5% | 15.4% | 15.1% | 14.9% | 16.6% | 15.0% | 14.5% | 14.1% | 14.8% | 14.7% | 13.7% | 13.4% | 13.1% | 12.7% | 12.7% | 12.4% | 12.6% | 11.7% | 11.4% | 8.9% | 12.7% | 12.4% | 12.1% | 3.8% | 12.7% | 12.9% | 11.6% | 11.2% | – | – |
| Finance costs | 602 | 566 | 561 | 552 | 551 | 551 | 539 | 509 | 503 | 513 | 494 | 483 | 437 | 398 | 339 | 338 | 292 | 263 | 234 | 223 | 221 | 209 | 221 | 239 | 213 | 232 | 214 | 204 | 204 | 0 | 0 |
| Depreciation | 354 | 315 | 323 | 320 | 315 | 292 | 264 | 259 | 247 | 269 | 242 | 237 | 227 | 232 | 216 | 212 | 199 | 207 | 190 | 182 | 164 | 159 | 150 | 150 | 105 | 157 | 133 | 136 | 131 | 0 | 0 |
| Profit before tax | 1,560 | 1,313 | 1,326 | 1,236 | 988 | 1,009 | 927 | 906 | 757 | 660 | 763 | 686 | 637 | 491 | 475 | 565 | 446 | 372 | 354 | 342 | −3.8 | 412 | 398 | 258 | −238 | 118 | 203 | 321 | 233 | 0 | 0 |
| Tax | 488 | 479 | 432 | 391 | 334 | 306 | 297 | 299 | 254 | 239 | 241 | 260 | 185 | 151 | 160 | 176 | 139 | 93 | 123 | 109 | 11.4 | 94.5 | 104 | 74 | −58.1 | 33 | 44.4 | 60.9 | 80.3 | 0 | 0 |
| Net profit | 1,058 | 820 | 891 | 833 | 643 | 698 | 609 | 588 | 485 | 412 | 510 | 416 | 441 | 336 | 304 | 373 | 297 | 275 | 237 | 234 | −14.7 | 319 | 290 | 181 | −183 | 81.9 | 157 | 257 | 151 | 0 | 0 |
| Net margin | 6.5% | 5.4% | 6.0% | 5.9% | 5.3% | 6.0% | 5.5% | 5.2% | 4.7% | 4.1% | 5.0% | 4.2% | 4.9% | 4.2% | 3.8% | 4.4% | 4.1% | 4.2% | 3.6% | 3.6% | -0.3% | 5.2% | 4.8% | 3.5% | -9.4% | 2.0% | 3.3% | 5.2% | 3.0% | – | – |
| EPS (₹) | 21.46 | 16.24 | 17.71 | 16.74 | 12.84 | 13.42 | 11.91 | 11.80 | 9.70 | 8.15 | 10.08 | 8.13 | 9.14 | 7.07 | 6.33 | 8.13 | 6.43 | 5.84 | 5.21 | 5.10 | -0.22 | 6.53 | 5.97 | 3.79 | -3.78 | 1.56 | 3.17 | 5.34 | 3.08 | 0.00 | 0.00 |
| Net profit YoY | +64.5% | +17.5% | +46.3% | +41.6% | +32.6% | +69.5% | +19.6% | +41.4% | +9.8% | +22.6% | +67.8% | +11.4% | +48.8% | +22.2% | +28.4% | +59.3% | +2116.0% | −13.9% | −18.3% | +29.2% | +91.9% | +290.0% | +84.7% | −29.4% | −220.9% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 56,070 | 44,089 | 39,145 | 31,974 | 24,355 | 19,421 | 18,849 | 20,160 | 16,656 |
| Other income | 22 | 69.6 | 106 | 138 | 32.9 | 47.2 | 51.8 | 25.4 | 145 |
| Total expenses | 51,179 | 40,579 | 36,504 | 30,133 | 23,284 | 18,629 | 17,987 | 19,104 | 15,871 |
| EBITDA | 8,393 | 6,649 | 5,543 | 4,067 | 2,755 | 2,238 | 2,273 | 2,161 | 1,497 |
| EBITDA margin | 15.0% | 15.1% | 14.2% | 12.7% | 11.3% | 11.5% | 12.1% | 10.7% | 9.0% |
| Finance costs | 2,230 | 2,093 | 1,928 | 1,368 | 940 | 881 | 855 | 663 | 338 |
| Depreciation | 1,273 | 1,046 | 975 | 859 | 743 | 565 | 556 | 442 | 374 |
| Profit before tax | 4,863 | 3,579 | 2,746 | 1,977 | 1,064 | 829 | 874 | 1,081 | 930 |
| Tax | 1,635 | 1,155 | 924 | 627 | 336 | 214 | 219 | 357 | 266 |
| Net profit | 3,186 | 2,380 | 1,779 | 1,309 | 731 | 608 | 647 | 725 | 665 |
| Net margin | 5.7% | 5.4% | 4.5% | 4.1% | 3.0% | 3.1% | 3.4% | 3.6% | 4.0% |
| EPS (₹) | 63.53 | 46.42 | 35.50 | 27.97 | 15.93 | 12.51 | 13.15 | 14.83 | 13.73 |
| Net profit YoY | +33.9% | +33.8% | +35.8% | +79.2% | +20.3% | −6.1% | −10.8% | +9.1% | – |
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 | 1,867 | 3,503 | −1,253 | −4,405 | −1,560 |
| Investing cash flow | −2,964 | −2,899 | −1,001 | −1,308 | −1,486 |
| Financing cash flow | 909 | 1,155 | 2,759 | 6,118 | 2,918 |
| Capital expenditure | 3,235 | 2,478 | 1,145 | 1,341 | 985 |
| Free cash flow (CFO − capex) | −1,368 | 1,025 | −2,398 | −5,746 | −2,545 |
Net profit trend
annual, ₹ croreFY21
₹608
FY22
₹731+20%
FY23
₹1,309+79%
FY24
₹1,779+36%
FY25
₹2,380+34%
FY26
₹3,186+34%
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 | 28 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 31 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 31 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 48.8×54.8×
P/B5Y avg 14.15×20.65×
ROEFY26, on average equity35.3%
Net margin5.7%
Debt / equity3.31×
Revenue CAGR (3Y)20.6%
Profit CAGR (3Y)34.5%
EPS (TTM)₹75.80
Market cap₹1.98L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
20.65×
vs 8-point avg 14.15× (+46%)
9.30× low14.15× avg20.65× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹56,501 Cr+18%
Net worth₹9,564 Cr+12%
Total borrowings₹31,624 Cr+15%
Cash & bank balances₹3,926 Cr−5%
Investments₹1,039 Cr−4%
Inventories₹2,459 Cr+2%
Trade receivables₹2,654 Cr+55%
Trade payables₹9,834 Cr+30%
Change vs the same date a year earlier.
Revenue mix FY26
Automotive Vehicles & Parts87.2%result ₹3,958 Cr
Financial services12.8%result ₹1,250 Cr
Segment revenue as reported, before inter-segment eliminations.