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Quarterly results

standalone · 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	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY17
Revenue from operations	313	328	314	315	282	301	219	283	191	273	170	279	246	323	214	234	236	218	208	233	194	195	203	220	146	120	123	161	140	179	146	145	146	242
Other income	28.1	−31.2	7	2.6	25.9	−0.9	−8.9	26.8	21.3	10.4	18.2	13.9	18.1	5.2	9.1	8.3	2.3	6.4	5.3	10.6	11.8	14.3	14.7	7.9	9.3	4.9	3.7	10.3	4.8	13.9	6.6	16	7.2	9.4
Total expenses	279	288	280	281	252	268	206	253	184	241	168	243	222	275	198	209	226	196	185	201	174	191	178	187	135	130	123	162	130	174	136	146	131	203
EBITDA	40.3	46.8	40.7	40.9	37.5	40.4	19.6	37.8	13.4	39.8	9.5	43.1	31.7	54.6	23.3	32.2	17	30.2	30.3	38.4	25.4	7.8	29.9	37.7	16.4	−6.5	5.4	3.9	14.5	11.3	13.4	2.8	18.4	41.7
EBITDA margin	12.9%	14.3%	12.9%	13.0%	13.3%	13.4%	8.9%	13.3%	7.0%	14.6%	5.6%	15.5%	12.9%	16.9%	10.9%	13.8%	7.2%	13.8%	14.5%	16.4%	13.1%	4.0%	14.7%	17.1%	11.2%	-5.4%	4.4%	2.4%	10.4%	6.3%	9.2%	1.9%	12.6%	17.3%
Finance costs	0.4	0.5	0.5	0.6	0.4	0.4	0.5	0.6	0.5	0.5	0.6	0.5	0.6	0.3	0.5	0.2	0.2	0.3	0.3	0.3	0.2	0.3	0.4	0.5	0.5	−0.9	0.8	0.8	0.8	0.3	0.5	0.8	0.7	0
Depreciation	5.4	6.3	6.4	6.5	6.4	6.4	6.4	6.5	6.3	6.7	6.8	6.9	6.7	6.9	7	6.6	6.4	7.2	6.2	5.8	5.8	4.3	4.3	4.2	4.2	4.9	3.9	3.8	3.7	6.5	3.3	3.1	2.9	2.7
Profit before tax	62.5	8.9	40.8	36.5	56.6	32.7	3.8	57.5	27.9	43	20.3	49.7	42.6	52.6	25	33.7	12.7	29.2	29	42.8	31.2	17.5	39.8	41	20.9	−5.6	4.3	9.6	14.8	18.5	16.2	14.9	22	48.4
Tax	13.8	3.6	10.1	11.1	12	7.7	2.1	12.6	5.1	7.9	3.4	13.2	9.6	12.4	5.5	11	2.6	7.1	8	10.7	7.2	4.6	9	11	3.9	−2.2	0.9	3.2	3.2	6.1	6.1	5.8	7.6	14.7
Net profit	48.7	5.3	30.7	25.4	44.6	25	1.7	44.9	22.9	35.1	17	36.5	33	40.2	19.4	22.7	10.1	22.1	21.1	32.2	24	12.9	30.8	29.9	17.1	−3.4	3.5	6.4	11.6	12.4	10.1	9.2	14.4	33.7
Net margin	15.5%	1.6%	9.8%	8.1%	15.8%	8.3%	0.8%	15.9%	12.0%	12.8%	10.0%	13.1%	13.4%	12.4%	9.1%	9.7%	4.3%	10.1%	10.1%	13.8%	12.4%	6.6%	15.2%	13.6%	11.7%	-2.8%	2.8%	4.0%	8.3%	6.9%	6.9%	6.4%	9.9%	13.9%
EPS (₹)	56.32	6.12	35.54	29.42	51.56	28.91	1.97	52.01	26.45	40.65	19.62	42.19	38.19	46.00	22.49	26.32	11.63	25.58	24.36	37.21	27.79	14.97	35.68	34.65	19.76	-3.91	4.02	7.39	13.37	14.33	11.70	10.64	16.64	39.01
Net profit YoY	+9.4%	−78.8%	+1707.1%	−43.4%	+95.0%	−28.9%	−90.0%	+23.3%	−30.7%	−12.5%	−12.8%	+60.3%	+228.3%	+81.7%	−7.7%	−29.3%	−58.1%	+70.9%	−31.7%	+7.4%	+40.7%	+482.5%	+788.5%	+368.5%	+47.8%	−127.3%	−65.7%	−30.5%	−19.7%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY17
Revenue from operations	1,240	995	968	1,006	854	764	544	615	193
Other income	4.4	38.3	60.6	25	34.1	46.1	23.6	43.7	6.3
Total expenses	1,102	911	873	907	756	691	544	587	168
EBITDA	166	111	124	127	124	91.8	17.3	45.9	29.2
EBITDA margin	13.4%	11.2%	12.8%	12.6%	14.5%	12.0%	3.2%	7.5%	15.1%
Finance costs	1.9	2	2.2	1.3	1.1	1.5	1.5	2.3	0.7
Depreciation	25.5	25.5	27	26.9	25	17.1	16.4	15.8	3.4
Profit before tax	143	122	156	124	132	119	23.1	71.5	31.4
Tax	36.9	27.5	34.1	31.6	32.9	28.5	5.1	25.5	10.2
Net profit	106	94.5	122	92.4	99.3	90.8	18	46.1	21.3
Net margin	8.5%	9.5%	12.6%	9.2%	11.6%	11.9%	3.3%	7.5%	11.0%
EPS (₹)	122.64	109.33	140.64	107.00	114.95	105.06	20.83	53.31	24.59
Net profit YoY	+12.2%	−22.3%	+31.5%	−7.0%	+9.4%	+404.3%	−60.9%	–	–

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	132	76.5	48.6	36.4	153
Investing cash flow	−136	−28.7	8.6	−31.6	−110
Financing cash flow	−20.1	−20.3	−24.5	−19.1	−18.3
Capital expenditure	26.4	20.4	7.4	24.2	28.8
Free cash flow (CFO − capex)	105	56.1	41.2	12.2	124

Net profit trend

annual, ₹ crore

FY21

₹90.8

FY22

₹99.3+9%

FY23

₹92.4−7%

FY24

₹122+32%

FY25

₹94.5−22%

FY26

₹106+12%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	13 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	13 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	15 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	15 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	7 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	7 Feb 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	11 Aug 2025	PDF XBRL
Q1 FY26	Standalone	11 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY2610.13 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 29.7×35.1×

P/B5Y avg 3.36×3.52×

ROEFY26, on average equity10.1%

Net margin8.5%

Debt / equity0.00×

Revenue CAGR (3Y)7.2%

Profit CAGR (3Y)4.7%

EPS (TTM)₹127.51

Market cap₹3,865 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

3.52×

vs 8-point avg 3.36× (+5%)

2.38× low3.36× avg4.12× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹1,347 Cr+6%

Net worth₹1,097 Cr+9%

Total borrowings₹0 Cr

Cash & bank balances₹47 Cr−34%

Investments₹634 Cr+21%

Inventories₹123 Cr+22%

Trade receivables₹172 Cr−17%

Trade payables₹101 Cr+2%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	55.55	55.61	55.61	55.61	55.61	55.63	55.63	55.63	55.63	55.63	55.57	55.57
FII	1.21	1.84	1.61	1.76	1.41	2.48	2.67	2.89	2.80	1.89	2.02	2.07
DII	19.96	19.61	20.60	21.41	21.72	20.72	20.47	19.11	17.97	16.87	16.61	17.24
of which MF	15.28	15.29	16.40	17.28	18.13	–	–	–	–	–	–	–
Retail	18.91	18.47	18.02	17.32	18.23	18.15	18.25	19.08	20.12	20.83	21.31	20.75
Other public	4.37	4.47	4.16	3.90	3.03	3.02	2.98	3.29	3.48	4.78	4.49	4.37

24,293 shareholders · NSE shareholding pattern filings.