Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY19
| ₹ 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 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,508 | 1,450 | 1,431 | 1,421 | 1,385 | 1,359 | 1,326 | 1,308 | 1,288 | 1,230 | 1,204 | 1,241 | 1,227 | 1,213 | 1,198 | 1,235 | 1,203 | 1,154 | 1,103 | 1,051 | 937 | 934 | 979 | 991 | 1,018 | 1,021 | 1,072 | 1,071 | 1,057 | 1,036 | 969 | 905 |
| Other income | 57.3 | 65 | 63.1 | 49.1 | 56.7 | 46 | 30.7 | 41.1 | 42.4 | 52.1 | 42.1 | 36.3 | 28.4 | 27.2 | 25.9 | 28.4 | 21.3 | 72.3 | 24.1 | 22.9 | 18.4 | 4.8 | −3.9 | 18 | 16.1 | 39.6 | 18.1 | 14.6 | 25 | 2.5 | 41.3 | 23.9 |
| Total expenses | 1,319 | 1,240 | 1,203 | 1,230 | 1,201 | 1,175 | 1,146 | 1,141 | 1,121 | 1,053 | 1,034 | 1,052 | 1,045 | 1,078 | 1,120 | 1,186 | 1,123 | 1,047 | 1,000 | 945 | 816 | 805 | 852 | 908 | 935 | 1,005 | 975 | 980 | 964 | 960 | 878 | 812 |
| EBITDA | 221 | 236 | 250 | 220 | 211 | 213 | 207 | 201 | 196 | 203 | 208 | 231 | 230 | 176 | 135 | 105 | 136 | 164 | 159 | 161 | 173 | 185 | 184 | 143 | 142 | 69.6 | 150 | 146 | 130 | 110 | 123 | 116 |
| EBITDA margin | 14.6% | 16.2% | 17.5% | 15.5% | 15.2% | 15.6% | 15.6% | 15.4% | 15.2% | 16.5% | 17.2% | 18.6% | 18.8% | 14.5% | 11.3% | 8.5% | 11.3% | 14.2% | 14.4% | 15.3% | 18.4% | 19.8% | 18.8% | 14.4% | 13.9% | 6.8% | 14.0% | 13.6% | 12.3% | 10.7% | 12.7% | 12.9% |
| Finance costs | 3.5 | 2.5 | 2.3 | 3.7 | 3.6 | 4.9 | 3.7 | 4.5 | 4.2 | 2.8 | 6.4 | 5.7 | 6 | 6.3 | 7.6 | 7.5 | 6.4 | 8.9 | 8.9 | 8.7 | 8.9 | 13 | 13.2 | 15.2 | 17.2 | 12.7 | 14 | 16.6 | 11 | 10.9 | 9.5 | 5.9 |
| Depreciation | 28.5 | 22.7 | 20.3 | 25.2 | 23.1 | 23.8 | 23.7 | 29.7 | 24.7 | 23.7 | 31.2 | 36.6 | 42.3 | 35.1 | 49.7 | 49.2 | 49 | 48.1 | 47.4 | 46.8 | 42.6 | 42.6 | 43.2 | 44.4 | 41.5 | 41.2 | 38.5 | 37.9 | 25.1 | 23.7 | 22.4 | 18.2 |
| Profit before tax | 246 | 276 | 265 | 240 | 241 | 230 | 210 | 208 | 210 | 229 | 212 | 225 | 210 | 162 | 104 | 77.1 | 102 | 180 | 126 | 129 | 140 | 175 | 35.1 | 101 | 99 | 55.3 | 116 | 106 | 119 | 78.3 | 132 | 116 |
| Tax | 62.4 | 65.3 | 65.2 | 58 | 58.6 | 53.4 | 50.5 | 52.2 | 51.8 | 55.3 | 50.4 | 51 | 54 | 42.4 | 27 | 20.3 | 26.9 | 48.8 | 33.9 | 32.8 | 36.9 | 35.7 | 32.9 | 26.6 | 27 | 14.1 | 32.9 | 30.2 | 35.5 | 21.8 | 37.2 | 32.2 |
| Net profit | 184 | 211 | 200 | 182 | 182 | 176 | 160 | 156 | 158 | 173 | 162 | 174 | 156 | 119 | 76.5 | 56.8 | 75.1 | 131 | 92.4 | 95.8 | 103 | 139 | 2.3 | 74.9 | 72 | 41.2 | 82.7 | 75.7 | 83.2 | 56.5 | 95 | 83.9 |
| Net margin | 12.2% | 14.5% | 14.0% | 12.8% | 13.1% | 13.0% | 12.1% | 11.9% | 12.3% | 14.1% | 13.4% | 14.0% | 12.7% | 9.8% | 6.4% | 4.6% | 6.2% | 11.3% | 8.4% | 9.1% | 11.0% | 14.9% | 0.2% | 7.6% | 7.1% | 4.0% | 7.7% | 7.1% | 7.9% | 5.5% | 9.8% | 9.3% |
| EPS (₹) | 8.11 | 9.29 | 8.80 | 8.02 | 8.01 | 7.77 | 7.04 | 6.88 | 6.96 | 7.65 | 7.14 | 7.68 | 6.90 | 5.27 | 3.38 | 2.51 | 3.32 | 5.75 | 4.02 | 4.18 | 4.48 | 6.12 | 0.02 | 3.25 | 3.08 | 1.75 | 3.55 | 3.31 | 3.68 | 2.46 | 4.15 | 18.26 |
| Net profit YoY | +1.0% | +19.4% | +25.0% | +17.0% | +15.3% | +1.8% | −1.2% | −10.5% | +1.1% | +45.4% | +111.4% | +206.2% | +108.0% | −8.9% | −17.2% | −40.7% | −26.8% | – | −33.6% | +4083.4% | +37.0% | +238.0% | −97.2% | −1.1% | −13.5% | −27.1% | −13.0% | −9.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,687 | 5,281 | 4,902 | 4,848 | 4,244 | 4,182 | 3,966 |
| Other income | 234 | 160 | 159 | 103 | 138 | 88.4 | 92.7 |
| Total expenses | 4,875 | 4,583 | 4,185 | 4,507 | 3,807 | 3,894 | 3,614 |
| EBITDA | 916 | 817 | 872 | 552 | 657 | 507 | 479 |
| EBITDA margin | 16.1% | 15.5% | 17.8% | 11.4% | 15.5% | 12.1% | 12.1% |
| Finance costs | 12.1 | 17.3 | 20.9 | 27.9 | 35.3 | 60.5 | 37.3 |
| Depreciation | 91.3 | 102 | 134 | 183 | 185 | 159 | 89.4 |
| Profit before tax | 1,022 | 858 | 876 | 444 | 574 | 376 | 445 |
| Tax | 247 | 208 | 211 | 117 | 152 | 104 | 127 |
| Net profit | 775 | 650 | 665 | 328 | 422 | 272 | 319 |
| Net margin | 13.6% | 12.3% | 13.6% | 6.8% | 9.9% | 6.5% | 8.0% |
| EPS (₹) | 34.12 | 28.65 | 29.36 | 14.47 | 18.43 | 11.69 | 13.93 |
| Net profit YoY | +19.2% | −2.3% | +103.0% | −22.3% | – | −14.8% | – |
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 | 771 | 565 | 642 | 714 | 335 |
| Investing cash flow | −241 | −480 | −475 | −528 | −16.8 |
| Financing cash flow | −401 | −265 | −197 | −219 | −183 |
| Capital expenditure | 53.7 | 36.9 | 16.4 | 36.8 | 56.8 |
| Free cash flow (CFO − capex) | 717 | 528 | 626 | 678 | 278 |
Net profit trend
annual, ₹ croreFY20
₹272
FY22
₹422+55%
FY23
₹328−22%
FY24
₹665+103%
FY25
₹650−2%
FY26
₹775+19%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 29 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 29 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 24 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 24 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 22 Jan 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 22 Jan 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 31 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 31 Oct 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 22 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 22 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 19.8×12.7×
P/B5Y avg 3.23×2.09×
ROEFY26, on average equity17.6%
Net margin13.6%
Debt / equity0.00×
Revenue CAGR (3Y)5.5%
Profit CAGR (3Y)33.2%
EPS (TTM)₹34.28
Market cap₹9,850 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.09×
vs 8-point avg 3.23× (−35%)
1.73× low3.23× avg4.13× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹6,084 Cr+18%
Net worth₹4,719 Cr+16%
Total borrowings₹0 Cr
Cash & bank balances₹416 Cr+54%
Investments₹1,921 Cr+12%
Inventories₹0 Cr
Trade receivables₹924 Cr+17%
Trade payables₹367 Cr+7%
Change vs the same date a year earlier.
Revenue mix FY26
Digital and Application Services77.8%result ₹762 Cr
Cloud Infrastructure and Security22.2%result ₹261 Cr
Segment revenue as reported, before inter-segment eliminations.