Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY25
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 858 | 548 | 497 | 468 | 511 | 487 | 349 | 260 |
| Other income | 96.3 | 157 | 120 | 134 | 73 | 52.4 | 51.8 | 35.6 |
| Total expenses | 622 | 529 | 461 | 449 | 394 | 359 | 291 | 277 |
| EBITDA | 734 | 479 | 444 | 400 | 458 | 436 | 307 | 221 |
| EBITDA margin | 85.6% | 87.4% | 89.5% | 85.6% | 89.6% | 89.5% | 88.0% | 85.0% |
| Finance costs | 344 | 337 | 288 | 265 | 233 | 206 | 179 | 178 |
| Depreciation | 155 | 123 | 120 | 117 | 108 | 102 | 69.7 | 59.9 |
| Profit before tax | 331 | 190 | 156 | 156 | 174 | 166 | 103 | 18.1 |
| Tax | 96.1 | 51.7 | 42.6 | 41.1 | 43.6 | 44.2 | −8.7 | 2.8 |
| Net profit | 235 | 138 | 114 | 115 | 131 | 122 | 112 | 15.3 |
| Net margin | 27.4% | 25.2% | 22.9% | 24.6% | 25.6% | 25.1% | 32.1% | 5.9% |
| EPS (₹) | 3.71 | 2.30 | 1.88 | 1.90 | 2.16 | 2.15 | 2.09 | 0.29 |
| Net profit YoY | +79.9% | +13.3% | +1.5% | +652.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 |
|---|---|---|
| Revenue from operations | 2,023 | 1,405 |
| Other income | 484 | 170 |
| Total expenses | 1,833 | 1,216 |
| EBITDA | 1,781 | 1,235 |
| EBITDA margin | 88.0% | 87.9% |
| Finance costs | 1,123 | 759 |
| Depreciation | 468 | 287 |
| Profit before tax | 677 | 338 |
| Tax | 179 | 87.2 |
| Net profit | 498 | 251 |
| Net margin | 24.6% | 17.9% |
| EPS (₹) | 8.24 | 4.55 |
| Net profit YoY | +98.5% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 |
|---|---|---|
| Operating cash flow | 1,249 | 1,543 |
| Investing cash flow | −7,317 | −3,976 |
| Financing cash flow | 7,015 | 3,408 |
| Capital expenditure | 5,321 | 3,266 |
| Free cash flow (CFO − capex) | −4,073 | −1,723 |
Net profit trend
annual, ₹ croreFY25
₹251
FY26
₹498+99%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 29 Jul 2026 | PDF XBRL |
| Q1 FY27 | Standalone | 29 Jul 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 8 May 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | 8 May 2026 | PDF XBRL |
| Q3 FY26 | Consolidated | 29 Jan 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 3 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 3 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 25 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 25 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 39.1×44.5×
P/B5Y avg 3.07×5.30×
ROEFY26, on average equity10.4%
Net margin24.6%
Debt / equity3.75×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹9.95
Market cap₹26,813 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.30×
vs 3-point avg 3.07× (+73%)
2.58× low3.07× avg5.30× high
History points are balance-sheet dates (2025 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹28,540 Cr+55%
Net worth₹5,061 Cr+12%
Total borrowings₹18,988 Cr+82%
Cash & bank balances₹2,231 Cr+74%
Investments₹275 Cr+0%
Inventories₹17 Cr+342%
Trade receivables₹333 Cr−13%
Trade payables₹15 Cr−93%
Change vs the same date a year earlier.