Quarterly results
consolidated · 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 | Q3 FY19 | Q2 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6,591 | 6,603 | 5,480 | 5,715 | 5,104 | 5,210 | 4,716 | 4,645 | 4,011 | 4,455 | 4,013 | 3,926 | 3,773 | 4,089 | 3,942 | 3,235 | 3,093 | 3,012 | 2,229 | 2,269 | 1,810 | 1,899 | 1,714 | 1,481 | 1,293 | 1,814 | 1,837 | 1,829 | 2,119 | 1,885 | 1,768 |
| Other income | 33.7 | 19.7 | 15.3 | 27.4 | 24.8 | 17.1 | 34.2 | 32.8 | 16.2 | 32.8 | 21 | 18.8 | 13.9 | 10.7 | 3.2 | 12.2 | 4.5 | 8.9 | 8.6 | 4.7 | 12.1 | 9.5 | 3.1 | 3 | 1.2 | 1.1 | 1.4 | 1.8 | 3.1 | 3.3 | 2.7 |
| Total expenses | 6,002 | 6,286 | 5,182 | 5,402 | 4,776 | 4,887 | 4,512 | 4,421 | 3,756 | 4,166 | 3,750 | 3,707 | 3,524 | 3,771 | 3,716 | 3,106 | 2,942 | 2,909 | 2,164 | 2,197 | 1,743 | 1,845 | 1,612 | 1,414 | 1,325 | 1,783 | 1,788 | 1,809 | 2,063 | 1,845 | 1,710 |
| EBITDA | 758 | 496 | 444 | 461 | 452 | 458 | 356 | 357 | 376 | 421 | 405 | 350 | 346 | 424 | 347 | 226 | 237 | 174 | 116 | 128 | 129 | 101 | 163 | 119 | 38.1 | 106 | 123 | 109 | 114 | 109 | 126 |
| EBITDA margin | 11.5% | 7.5% | 8.1% | 8.1% | 8.9% | 8.8% | 7.6% | 7.7% | 9.4% | 9.5% | 10.1% | 8.9% | 9.2% | 10.4% | 8.8% | 7.0% | 7.7% | 5.8% | 5.2% | 5.6% | 7.1% | 5.3% | 9.5% | 8.0% | 2.9% | 5.9% | 6.7% | 6.0% | 5.4% | 5.8% | 7.1% |
| Finance costs | 123 | 137 | 106 | 108 | 86.3 | 99.7 | 118 | 101 | 90.4 | 101 | 113 | 103 | 69.6 | 79.1 | 94 | 71.1 | 61.3 | 45.8 | 25.6 | 31 | 38.3 | 22.4 | 36.9 | 29.6 | 47.2 | 51.6 | 51.8 | 67.4 | 41.7 | 52.6 | 53.6 |
| Depreciation | 45.7 | 42.5 | 40.6 | 39.9 | 38.2 | 35.6 | 33.4 | 32.1 | 31.1 | 31.5 | 28.8 | 28.2 | 27.2 | 27.3 | 26.1 | 26.1 | 24.9 | 24.8 | 24.9 | 24.2 | 23.9 | 24.1 | 23.5 | 23.1 | 22.8 | 23.1 | 22.5 | 21.7 | 17.1 | 16.3 | 14.8 |
| Profit before tax | 622 | 329 | 288 | 341 | 353 | 340 | 239 | 257 | 270 | 322 | 284 | 237 | 263 | 328 | 230 | 141 | 156 | 112 | 73.9 | 77.1 | 79.1 | 63.8 | 106 | 69.4 | −30.6 | 32.6 | 50.2 | 22.2 | 58.7 | 43.3 | 60.1 |
| Tax | 155 | 75.5 | 79.2 | 88.8 | 89.6 | 90.1 | 63.6 | 62.9 | 67.9 | 85.4 | 66.7 | 62.9 | 65.7 | 85.5 | 59.9 | 38.3 | 33.2 | 29.3 | 19 | 20.2 | 16.8 | 16.2 | 23.3 | 15.9 | −7.6 | 9.2 | 13.6 | −11.7 | 24 | 14.6 | 20.1 |
| Net profit | 467 | 253 | 209 | 252 | 263 | 250 | 175 | 194 | 203 | 236 | 218 | 174 | 197 | 243 | 170 | 103 | 122 | 82.6 | 55 | 56.9 | 62.3 | 47.6 | 82.5 | 53.5 | −23.1 | 23.3 | 36.7 | 33.9 | 34.7 | 28.6 | 40 |
| Net margin | 7.1% | 3.8% | 3.8% | 4.4% | 5.2% | 4.8% | 3.7% | 4.2% | 5.1% | 5.3% | 5.4% | 4.4% | 5.2% | 5.9% | 4.3% | 3.2% | 4.0% | 2.7% | 2.5% | 2.5% | 3.4% | 2.5% | 4.8% | 3.6% | -1.8% | 1.3% | 2.0% | 1.9% | 1.6% | 1.5% | 2.3% |
| EPS (₹) | 116.37 | 63.09 | 52.01 | 62.66 | 65.45 | 62.23 | 43.55 | 48.27 | 50.42 | 60.97 | 56.62 | 45.44 | 51.59 | 63.43 | 44.40 | 26.82 | 32.00 | 21.59 | 14.36 | 14.86 | 16.28 | 12.44 | 21.55 | 13.98 | -6.03 | 6.10 | 9.58 | 8.86 | 9.07 | 7.48 | 10.46 |
| Net profit YoY | +77.8% | +1.4% | +19.5% | +29.8% | +29.8% | +5.8% | −19.6% | +11.5% | +2.6% | −2.7% | +28.1% | +69.4% | +61.2% | +193.8% | +209.1% | +80.4% | +96.6% | +73.5% | −33.3% | +6.3% | +370.0% | +104.1% | +124.8% | +57.8% | – | – | +5.6% | +18.4% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 22,902 | 18,581 | 16,153 | 14,352 | 9,320 | 6,388 | 7,462 | 5,939 |
| Other income | 64.8 | 99.4 | 86.4 | 37.5 | 32.5 | 22.3 | 8.4 | 11.1 |
| Total expenses | 21,624 | 17,575 | 15,133 | 13,535 | 9,011 | 6,202 | 7,301 | 5,727 |
| EBITDA | 1,876 | 1,547 | 1,522 | 1,227 | 548 | 415 | 476 | 408 |
| EBITDA margin | 8.2% | 8.3% | 9.4% | 8.5% | 5.9% | 6.5% | 6.4% | 6.9% |
| Finance costs | 437 | 409 | 387 | 306 | 141 | 136 | 228 | 140 |
| Depreciation | 161 | 132 | 116 | 104 | 97.8 | 93.4 | 87.1 | 55.9 |
| Profit before tax | 1,310 | 1,106 | 1,106 | 855 | 342 | 208 | 169 | 223 |
| Tax | 333 | 284 | 281 | 217 | 85.3 | 47.8 | 34.3 | 78 |
| Net profit | 977 | 821 | 825 | 638 | 257 | 161 | 135 | 145 |
| Net margin | 4.3% | 4.4% | 5.1% | 4.4% | 2.8% | 2.5% | 1.8% | 2.4% |
| EPS (₹) | 243.21 | 204.47 | 212.10 | 166.64 | 67.09 | 41.94 | 35.32 | 37.82 |
| Net profit YoY | +18.9% | −0.5% | +29.4% | +148.4% | +60.0% | +18.8% | – | – |
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 | 968 | 1,291 | −283 | 698 | 244 |
| Investing cash flow | −558 | −705 | −268 | −269 | −90.6 |
| Financing cash flow | −434 | −483 | 635 | −184 | −106 |
| Capital expenditure | 737 | 510 | 331 | 248 | 130 |
| Free cash flow (CFO − capex) | 231 | 781 | −614 | 451 | 114 |
Net profit trend
annual, ₹ croreFY21
₹161
FY22
₹257+60%
FY23
₹638+148%
FY24
₹825+29%
FY25
₹821−0%
FY26
₹977+19%
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 | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 29 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 29 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 29 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 29 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 29 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 29.4×60.4×
P/B5Y avg 6.51×13.24×
ROEFY26, on average equity19.7%
Net margin4.3%
Debt / equity0.16×
Revenue CAGR (3Y)16.9%
Profit CAGR (3Y)15.3%
EPS (TTM)₹294.13
Market cap₹71,406 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
13.24×
vs 8-point avg 6.51× (+104%)
2.98× low6.51× avg13.24× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹13,711 Cr+22%
Net worth₹5,393 Cr+20%
Total borrowings₹841 Cr+79%
Cash & bank balances₹669 Cr−3%
Investments₹44 Cr−80%
Inventories₹4,153 Cr+25%
Trade receivables₹5,334 Cr+31%
Trade payables₹6,856 Cr+24%
Change vs the same date a year earlier.
Revenue mix FY26
Conductor51.9%result ₹995 Cr
Power / Telecom cables25.4%result ₹595 Cr
Transformer and speciality oils21.9%result ₹364 Cr
Others0.8%result ₹14.3 Cr
Segment revenue as reported, before inter-segment eliminations.