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Quarterly results

standalone · as filed with NSE · Q1 FY27 back to Q2 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	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q3 FY19	Q2 FY19
Revenue from operations	709	715	674	667	628	636	597	579	542	546	508	497	467	450	411	353	365	343	325	272	289	310	270	233	234	239	195	164
Other income	0.4	0.2	0.4	0.4	0.4	1.3	1.2	1.3	0.2	0.8	1.2	0.8	0	0.7	0.7	0.1	0.2	0.3	0.6	0.1	1.9	0.1	0	0.1	0.7	0	−0.1	0.3
Total expenses	489	484	455	456	449	444	410	390	382	369	359	341	326	292	274	238	219	227	207	197	196	200	186	170	169	159	113	107
EBITDA	523	516	504	497	459	466	455	447	404	407	374	367	335	332	295	255	277	246	239	193	214	233	204	180	169	181	147	121
EBITDA margin	73.9%	72.2%	74.8%	74.5%	73.2%	73.3%	76.3%	77.1%	74.6%	74.6%	73.6%	73.9%	71.7%	73.8%	71.6%	72.4%	75.8%	71.8%	73.7%	70.8%	73.8%	75.0%	75.5%	77.0%	72.0%	75.5%	75.4%	74.0%
Finance costs	293	273	274	276	271	265	259	249	235	222	217	204	187	165	150	135	124	125	116	113	115	117	114	112	97.4	94.9	62.7	62.2
Depreciation	11.1	11.9	11.1	10.7	9.3	9.8	9.2	8.9	8.5	9.1	8.7	7.6	7.3	8.7	6.9	6.2	7.3	5.7	5.8	5	5.4	5.3	5.1	4.8	5.5	5.4	2.8	2.4
Profit before tax	220	231	219	211	179	193	188	190	161	177	150	157	141	159	138	115	146	116	118	74.9	95	111	84.6	63.2	66.4	80.4	81.4	56.8
Tax	48.8	49.1	49.3	47.3	39.9	39.5	42	42.1	34.8	34.9	33.1	34.8	31	31.8	30.7	25.4	30.4	26.4	26.2	15	7.4	24.9	18.4	13.1	6.4	12.5	25.1	21.5
Net profit	171	182	170	164	139	154	146	148	126	143	117	122	110	127	107	89.2	116	89.1	92.1	59.9	87.6	85.6	66.2	50.1	59.9	67.9	56.3	35.3
Net margin	24.2%	25.4%	25.2%	24.6%	22.2%	24.2%	24.5%	25.5%	23.2%	26.1%	23.0%	24.5%	23.5%	28.2%	26.1%	25.3%	31.7%	26.0%	28.4%	22.0%	30.3%	27.6%	24.5%	21.5%	25.6%	28.4%	28.9%	21.6%
EPS (₹)	21.60	22.94	21.48	20.71	17.59	19.42	18.50	18.69	15.93	18.02	14.74	15.39	13.88	16.04	13.57	11.30	14.65	11.29	11.71	7.63	11.17	10.92	8.45	6.39	7.65	8.68	7.22	4.91
Net profit YoY	+23.0%	+18.2%	+16.1%	+10.8%	+10.4%	+7.8%	+25.5%	+21.5%	+14.9%	+12.5%	+8.7%	–	+23.0%	+9.6%	+20.4%	+49.0%	+32.0%	+4.1%	+39.2%	+19.6%	+46.2%	+26.1%	–	–	–	+20.6%	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20
Revenue from operations	2,683	2,355	2,017	1,608	1,304	1,103	902
Other income	1.4	3.9	2.8	1.8	1.2	2.2	0.8
Total expenses	1,844	1,626	1,396	1,061	851	752	601
EBITDA	1,977	1,773	1,483	1,167	955	830	677
EBITDA margin	73.7%	75.3%	73.5%	72.6%	73.2%	75.2%	75.0%
Finance costs	1,095	1,007	828	591	478	458	356
Depreciation	43.1	36.5	32.7	28.7	23.8	20.6	19.6
Profit before tax	840	733	624	549	455	353	302
Tax	186	158	134	119	98.1	63.8	52.9
Net profit	655	574	491	430	357	289	249
Net margin	24.4%	24.4%	24.3%	26.7%	27.4%	26.2%	27.6%
EPS (₹)	82.72	72.54	62.03	54.44	45.31	36.94	31.86
Net profit YoY	+14.1%	+17.0%	+14.1%	+20.5%	+23.2%	+16.2%	–

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	−1,386	−1,660	−1,987	−1,910	−1,136
Investing cash flow	−117	176	−647	186	−467
Financing cash flow	1,720	1,475	2,477	1,858	1,623
Capital expenditure	32.8	30.1	32.7	39	15.6
Free cash flow (CFO − capex)	−1,419	−1,690	−2,019	−1,949	−1,152

Net profit trend

annual, ₹ crore

FY21

₹289

FY22

₹357+23%

FY23

₹430+21%

FY24

₹491+14%

FY25

₹574+17%

FY26

₹655+14%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Standalone	21 Jul 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	5 May 2026	PDF on NSE XBRL
Q3 FY26	Standalone	5 Feb 2026	PDF on NSE XBRL
Q2 FY26	Standalone	11 Nov 2025	PDF on NSE XBRL
Q1 FY26	Standalone	12 Aug 2025	PDF on NSE XBRL
Q4 FY25	Standalone · audited	24 Apr 2025	PDF on NSE XBRL
Q3 FY25	Standalone	30 Jan 2025	PDF on NSE XBRL
Q2 FY25	Standalone	7 Nov 2024	PDF on NSE XBRL
Q1 FY25	Standalone	25 Jul 2024	PDF on NSE XBRL
Q4 FY24	Consolidated · audited	25 Apr 2024	PDF on NSE XBRL

Annual reports

NSE archive

FY2612.35 MB FY257.49 MB FY24 FY23 FY22 FY21 FY20 FY19

Key ratios

P/E (TTM)5Y avg 30.0×14.6×

P/B5Y avg 3.20×1.99×

ROEFY26, on average equity13.9%

Net margin24.4%

Debt / equity2.68×

Revenue CAGR (3Y)18.6%

Profit CAGR (3Y)15.0%

EPS (TTM)₹86.64

Market cap₹10,051 Cr

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

P/B vs history

1.99×

vs 9-point avg 3.20× (−38%)

1.69× low3.20× avg3.92× high

History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹21,213 Cr+14%

Net worth₹5,051 Cr+16%

Total borrowings₹13,558 Cr+12%

Cash & bank balances₹229 Cr+1920%

Investments₹271 Cr+18%

Inventories₹0 Cr

Trade receivables₹15 Cr+31%

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	48.88	48.88	48.95	48.96	48.96	26.47	26.47	26.47	26.47	26.47	39.10	39.11
FII	16.27	16.74	24.72	25.88	29.77	29.67	33.97	35.50	35.88	34.79	32.32	35.50
DII	22.15	22.14	14.29	14.14	11.51	10.75	25.69	25.56	24.40	24.00	15.30	14.15
of which MF	17.15	17.24	9.74	9.18	8.44	–	–	–	–	–	–	–
Retail	9.64	9.36	9.24	8.62	7.53	8.31	10.51	9.86	10.38	11.70	10.36	8.66
Other public	3.06	2.88	2.80	2.40	2.23	24.80	3.36	2.61	2.87	3.04	2.92	2.58

1,13,498 shareholders · NSE shareholding pattern filings.