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 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,808 | 7,146 | 6,483 | 5,932 | 6,087 | 6,067 | 5,927 | 4,614 | 5,155 | 5,409 | 4,914 | 4,435 | 5,201 | 4,791 | 4,537 | 3,987 | 4,468 | 4,427 | 3,749 | 3,885 | 4,292 | 4,145 | 3,537 | 2,602 | 3,502 | 4,060 | 3,528 | 4,150 | 3,919 | 3,896 | 3,433 | 3,848 |
| Other income | 53 | 52.3 | 57.6 | 224 | 68.4 | 194 | 648 | 159 | 71.7 | 120 | 86.2 | 210 | 76.9 | 119 | 40.7 | 69.7 | 53.9 | 58.5 | 63.3 | 45.6 | 44 | 64 | 45.5 | 51.3 | 55.9 | 57.5 | 50.8 | 53.5 | 157 | 30 | 32.7 | 32.6 |
| Total expenses | 5,639 | 6,826 | 6,114 | 5,393 | 5,594 | 5,515 | 5,099 | 4,453 | 4,741 | 4,874 | 4,279 | 4,127 | 4,655 | 4,514 | 4,349 | 4,162 | 4,222 | 3,956 | 3,204 | 3,175 | 3,586 | 3,748 | 3,043 | 2,253 | 3,084 | 3,709 | 3,139 | 3,534 | 3,556 | 3,585 | 3,160 | 3,400 |
| EBITDA | 457 | 627 | 700 | 846 | 778 | 830 | 1,116 | 436 | 679 | 837 | 905 | 549 | 771 | 469 | 379 | 16.4 | 426 | 635 | 712 | 869 | 860 | 572 | 671 | 525 | 586 | 541 | 557 | 783 | 532 | 488 | 444 | 625 |
| EBITDA margin | 7.9% | 8.8% | 10.8% | 14.3% | 12.8% | 13.7% | 18.8% | 9.5% | 13.2% | 15.5% | 18.4% | 12.4% | 14.8% | 9.8% | 8.4% | 0.4% | 9.5% | 14.3% | 19.0% | 22.4% | 20.0% | 13.8% | 19.0% | 20.2% | 16.7% | 13.3% | 15.8% | 18.9% | 13.6% | 12.5% | 12.9% | 16.2% |
| Finance costs | 27 | 27.1 | 25.6 | 28.9 | 30.5 | 13.6 | 28.2 | 33.3 | 33.1 | 66.7 | 33.9 | 28.9 | 25.1 | 15.2 | 18.9 | 17.7 | 14.9 | 10.6 | 17.1 | 13.4 | 11.2 | 17.4 | 16 | 13.1 | 10.6 | 29.3 | 16.3 | 19.9 | 20.9 | 22.4 | 19.9 | 27.3 |
| Depreciation | 261 | 279 | 306 | 279 | 255 | 265 | 260 | 242 | 232 | 235 | 235 | 213 | 200 | 177 | 173 | 173 | 165 | 154 | 151 | 146 | 143 | 157 | 161 | 163 | 158 | 161 | 151 | 147 | 148 | 155 | 151 | 149 |
| Profit before tax | 198 | 368 | 459 | 762 | 561 | 880 | 1,476 | 284 | 485 | 884 | 722 | 518 | 623 | 329 | 149 | −121 | 301 | 529 | 608 | 755 | 750 | 285 | 540 | 401 | 474 | 408 | 440 | 670 | 520 | 340 | 306 | 481 |
| Tax | 53 | 132 | 55.8 | −356 | 188 | 131 | 385 | 84.3 | 125 | −59.8 | 192 | 132 | 159 | 95.7 | 39.3 | −31.1 | 77.5 | 136 | 160 | 189 | 192 | −183 | 177 | 132 | 153 | 140 | 141 | 217 | 177 | −389 | 98.9 | 154 |
| Net profit | 147 | 238 | 404 | 1,119 | 375 | 751 | 1,092 | 200 | 361 | 945 | 538 | 388 | 466 | 236 | 113 | −87.3 | 227 | 396 | 450 | 569 | 563 | 472 | 364 | 271 | 323 | 273 | 303 | 456 | 346 | 732 | 209 | 329 |
| Net margin | 2.5% | 3.3% | 6.2% | 18.9% | 6.2% | 12.4% | 18.4% | 4.3% | 7.0% | 17.5% | 10.9% | 8.7% | 9.0% | 4.9% | 2.5% | -2.2% | 5.1% | 9.0% | 12.0% | 14.7% | 13.1% | 11.4% | 10.3% | 10.4% | 9.2% | 6.7% | 8.6% | 11.0% | 8.8% | 18.8% | 6.1% | 8.5% |
| EPS (₹) | 7.83 | 12.69 | 21.52 | 59.60 | 19.99 | 39.99 | 58.14 | 10.55 | 19.24 | 50.31 | 28.63 | 20.66 | 24.82 | 12.55 | 6.03 | -4.65 | 12.11 | 21.10 | 23.97 | 30.32 | 29.96 | 25.16 | 19.38 | 14.43 | 17.20 | 14.55 | 16.11 | 24.26 | 18.43 | 39.00 | 11.14 | 17.50 |
| Net profit YoY | −60.8% | −68.3% | −63.0% | +460.5% | +3.9% | −20.5% | +103.1% | −48.5% | −22.5% | +300.9% | +375.0% | +544.2% | +105.0% | −40.5% | – | −119.4% | −60.1% | −29.6% | +23.7% | +110.2% | +74.2% | +72.9% | +20.3% | −40.5% | −6.6% | −62.7% | +44.7% | +38.6% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY23 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 25,962 | 21,762 | 19,959 | 22,210 | 17,419 | 13,786 | 15,658 | 14,802 |
| Other income | 402 | 1,072 | 493 | 342 | 223 | 217 | 318 | 143 |
| Total expenses | 24,242 | 19,810 | 17,935 | 21,204 | 16,689 | 12,127 | 13,937 | 13,444 |
| EBITDA | 2,950 | 3,061 | 3,062 | 1,925 | 1,456 | 2,355 | 2,413 | 2,048 |
| EBITDA margin | 11.4% | 14.1% | 15.3% | 8.7% | 8.4% | 17.1% | 15.4% | 13.8% |
| Finance costs | 112 | 108 | 155 | 77.3 | 62 | 57.1 | 86.3 | 87.8 |
| Depreciation | 1,118 | 1,001 | 883 | 841 | 665 | 639 | 606 | 603 |
| Profit before tax | 2,150 | 3,124 | 2,746 | 1,186 | 857 | 1,700 | 2,039 | 1,500 |
| Tax | 19.3 | 725 | 423 | 317 | 222 | 279 | 675 | −10.5 |
| Net profit | 2,137 | 2,402 | 2,337 | 885 | 650 | 1,430 | 1,378 | 1,521 |
| Net margin | 8.2% | 11.0% | 11.7% | 4.0% | 3.7% | 10.4% | 8.8% | 10.3% |
| EPS (₹) | 113.80 | 127.92 | 124.42 | 47.13 | 34.58 | 76.16 | 73.35 | 80.97 |
| Net profit YoY | −11.0% | +2.8% | +164.0% | – | – | +3.8% | −9.4% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | −1,358 | 1,711 | 2,995 | −1,235 |
| Investing cash flow | 1,267 | −1,277 | −1,245 | −4,637 |
| Financing cash flow | −422 | −1,002 | −443 | −1,238 |
| Capital expenditure | 1,433 | 1,968 | 1,395 | 2,105 |
| Free cash flow (CFO − capex) | −2,791 | −257 | 1,600 | −3,340 |
Net profit trend
annual, ₹ croreFY21
₹1,430
FY23
₹650−55%
FY23
₹885+36%
FY24
₹2,337+164%
FY25
₹2,402+3%
FY26
₹2,137−11%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 24 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 24 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 Apr 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 | 31 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 31 Oct 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 24 Jul 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 24 Jul 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 20.4×12.2×
P/B5Y avg 2.27×1.13×
ROEFY26, on average equity10.9%
Net margin8.2%
Debt / equity0.00×
Revenue CAGR (3Y)5.3%
Profit CAGR (3Y)34.2%
EPS (TTM)₹101.54
Market cap₹23,243 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.13×
vs 8-point avg 2.27× (−50%)
1.13× low2.27× avg2.88× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹27,525 Cr+8%
Net worth₹20,551 Cr+11%
Total borrowings₹0 Cr
Cash & bank balances₹537 Cr−49%
Investments₹17 Cr−99%
Inventories₹1,789 Cr−7%
Trade receivables₹3,842 Cr+230%
Trade payables₹2,454 Cr+50%
Change vs the same date a year earlier.
Revenue mix FY26
Cement and ancilliary services *92.6%result ₹1,732 Cr
Ready Mix Concrete7.4%result ₹147 Cr
Segment revenue as reported, before inter-segment eliminations.