Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 433 | 450 | 411 | 401 | 347 | 393 | 371 | 344 | 339 | 300 | 304 | 308 | 301 | 336 | 325 | 371 | 359 | 334 | 298 | 240 | 197 | 214 | 134 | 182 | 151 | 157 | 166 | 175 | 180 | 0 | 0 |
| Other income | 12.9 | 2.5 | 6.2 | 9.4 | 4.6 | 5.7 | 3 | 3.9 | 2.7 | 3.2 | 4.1 | 2.9 | 2.2 | 2.7 | 6.2 | 4 | 2.3 | 1.8 | 1.6 | 1.4 | 0.9 | 1.1 | 0.3 | 0.3 | 1 | 4.3 | 0.5 | 1.6 | 1 | 0 | 0 |
| Total expenses | 391 | 389 | 374 | 365 | 310 | 345 | 330 | 317 | 302 | 255 | 281 | 280 | 266 | 290 | 289 | 327 | 315 | 296 | 266 | 219 | 182 | 201 | 130 | 174 | 145 | 155 | 159 | 169 | 172 | 0 | 0 |
| EBITDA | 65.5 | 76.7 | 61.7 | 58.2 | 55.7 | 64.1 | 63.5 | 45.2 | 55.6 | 63.5 | 40.9 | 46 | 51.1 | 61.2 | 51.9 | 58.7 | 58.3 | 51.3 | 44.4 | 33.1 | 26.8 | 24.7 | 15.1 | 19.9 | 17.7 | 15.8 | 20.6 | 19 | 23.4 | 0 | 0 |
| EBITDA margin | 15.1% | 17.0% | 15.0% | 14.5% | 16.1% | 16.3% | 17.1% | 13.1% | 16.4% | 21.2% | 13.5% | 14.9% | 17.0% | 18.2% | 16.0% | 15.8% | 16.2% | 15.4% | 14.9% | 13.8% | 13.6% | 11.6% | 11.3% | 10.9% | 11.8% | 10.1% | 12.5% | 10.9% | 13.0% | – | – |
| Finance costs | 12.1 | 4.9 | 13.5 | 11.5 | 8.4 | 8.3 | 10.3 | 9.6 | 9.1 | 9.2 | 9.1 | 9.2 | 9.2 | 8.8 | 9.3 | 7.9 | 7.3 | 7.7 | 6.6 | 6 | 5.9 | 7.3 | 5.9 | 6.1 | 6.7 | 8.6 | 8.5 | 8.4 | 10.3 | 0 | 0 |
| Depreciation | 11.1 | 10.2 | 10.8 | 10.2 | 10.1 | 8.1 | 11.8 | 9.1 | 9.1 | 8.7 | 8.8 | 8.9 | 7.1 | 6.5 | 6.7 | 6.7 | 6.6 | 6.3 | 5.6 | 5.5 | 5.6 | 5 | 5.1 | 5.1 | 5 | 5 | 5.1 | 4.6 | 5.5 | 0 | 0 |
| Profit before tax | 55.1 | 64.2 | 43.6 | 45.8 | 41.8 | 53.3 | 44.4 | 30.4 | 40.1 | 48.8 | 27.1 | 30.8 | 37.1 | 48.6 | 42.1 | 48.1 | 46.7 | 39.2 | 33.8 | 23 | 16.3 | 13.5 | 4.4 | 9.1 | 7 | 6.5 | 7.5 | 7.5 | 8.7 | 0 | 0 |
| Tax | 15.5 | 20.7 | 9.8 | 12.9 | 9.6 | 14.3 | 10 | 7.6 | 9.6 | 21 | 6.3 | 6.8 | 8.4 | 13 | 10.3 | 12.9 | 12.6 | 10.6 | 9.2 | 6.3 | 4.8 | 2.6 | 0.7 | 1.6 | −5.4 | 1.5 | 2.5 | 2.2 | 1.9 | 0 | 0 |
| Net profit | 39.6 | 43.4 | 33.8 | 32.9 | 32.2 | 38.9 | 34.4 | 22.8 | 30.5 | 27.7 | 20.8 | 24 | 28.6 | 35.6 | 31.7 | 35.1 | 34.1 | 28.6 | 24.6 | 16.6 | 11.6 | 10.9 | 3.7 | 7.5 | 12.5 | 5.1 | 5.1 | 5.3 | 6.8 | 0 | 0 |
| Net margin | 9.1% | 9.6% | 8.2% | 8.2% | 9.3% | 9.9% | 9.3% | 6.6% | 9.0% | 9.2% | 6.8% | 7.8% | 9.5% | 10.6% | 9.8% | 9.5% | 9.5% | 8.6% | 8.3% | 6.9% | 5.9% | 5.1% | 2.8% | 4.1% | 8.3% | 3.2% | 3.1% | 3.0% | 3.8% | – | – |
| EPS (₹) | 5.89 | 6.49 | 5.02 | 4.88 | 4.79 | 5.82 | 5.25 | 3.49 | 4.65 | 4.23 | 3.17 | 3.77 | 4.79 | 5.97 | 26.57 | 29.40 | 28.52 | 23.92 | 20.60 | 13.92 | 9.70 | 9.10 | 3.08 | 6.24 | 10.45 | 4.23 | 4.24 | 4.43 | 5.72 | 0.00 | 0.00 |
| Net profit YoY | +23.0% | +11.5% | −1.8% | +44.0% | +5.8% | +40.4% | +65.7% | −4.8% | +6.4% | −22.2% | −34.6% | −31.7% | −16.0% | +24.7% | +29.0% | +111.2% | +194.0% | +162.8% | +567.7% | +123.2% | −7.2% | +115.2% | −27.2% | +40.9% | +82.9% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,610 | 1,447 | 1,213 | 1,391 | 1,069 | 679 | 677 | 769 | 652 |
| Other income | 22.7 | 15.3 | 12.5 | 15.2 | 5.8 | 2.8 | 7.3 | 3.1 | 8.3 |
| Total expenses | 1,437 | 1,294 | 1,081 | 1,221 | 962 | 648 | 654 | 735 | 639 |
| EBITDA | 252 | 228 | 202 | 230 | 156 | 77.4 | 78.9 | 99.2 | 78.5 |
| EBITDA margin | 15.7% | 15.8% | 16.6% | 16.5% | 14.6% | 11.4% | 11.7% | 12.9% | 12.0% |
| Finance costs | 38.4 | 37.3 | 36.7 | 33.4 | 26.1 | 26 | 35.8 | 43.9 | 45.9 |
| Depreciation | 41.3 | 38.2 | 33.5 | 26.5 | 23 | 20.3 | 20.2 | 20.9 | 18.8 |
| Profit before tax | 195 | 168 | 144 | 185 | 112 | 34 | 30.3 | 37.5 | 22.1 |
| Tax | 53.1 | 41.6 | 42.6 | 48.9 | 30.9 | −0.5 | 8.1 | 13.1 | 7.7 |
| Net profit | 142 | 127 | 101 | 137 | 81.4 | 34.5 | 22.2 | 24.4 | 14.4 |
| Net margin | 8.8% | 8.8% | 8.3% | 9.8% | 7.6% | 5.1% | 3.3% | 3.2% | 2.2% |
| EPS (₹) | 21.14 | 19.23 | 15.90 | 22.86 | 68.13 | 28.88 | 18.61 | 20.40 | 12.07 |
| Net profit YoY | +12.3% | +25.3% | −26.0% | +67.8% | +136.0% | +55.2% | −8.8% | – | – |
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 | 127 | 90.2 | 67.5 | 134 | 89.7 |
| Investing cash flow | −267 | −99.6 | −154 | −118 | −81.1 |
| Financing cash flow | 146 | 9.8 | 88.1 | −15.6 | −8.6 |
| Capital expenditure | 257 | 87.9 | 120 | 117 | 83.3 |
| Free cash flow (CFO − capex) | −130 | 2.4 | −52.8 | 16.9 | 6.4 |
Net profit trend
annual, ₹ croreFY21
₹34.5
FY22
₹81.4+136%
FY23
₹137+68%
FY24
₹101−26%
FY25
₹127+25%
FY26
₹142+12%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 1 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 1 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 30 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 31 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 31 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 6 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 2 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 2 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 20.5×31.4×
P/B5Y avg 3.92×4.39×
ROEFY26, on average equity14.3%
Net margin8.8%
Debt / equity0.49×
Revenue CAGR (3Y)5.0%
Profit CAGR (3Y)1.4%
EPS (TTM)₹22.24
Market cap₹4,696 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.39×
vs 8-point avg 3.92× (+12%)
3.05× low3.92× avg7.42× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,088 Cr+28%
Net worth₹1,069 Cr+15%
Total borrowings₹527 Cr+54%
Cash & bank balances₹8 Cr+187%
Investments₹1 Cr+136%
Inventories₹513 Cr+27%
Trade receivables₹310 Cr+6%
Trade payables₹365 Cr+27%
Change vs the same date a year earlier.