Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 749 | 744 | 657 | 635 | 681 | 608 | 630 | 639 | 638 | 577 | 585 | 586 | 592 | 608 | 514 | 551 | 575 | 505 | 489 | 486 | 388 | 365 | 277 | 345 | 374 | 383 | 431 | 0 | 0 |
| Other income | 10.6 | 19.6 | 6.6 | 10.7 | 9.5 | 17.6 | 8.6 | 11.5 | 12.3 | 17.7 | 10.5 | 12.6 | 10.2 | 17.2 | 3.5 | 7.7 | 15.5 | 4.9 | 7.1 | 9.7 | 9.9 | 14.7 | 8.5 | 19.1 | 8.9 | 13.5 | 9.9 | 0 | 0 |
| Total expenses | 681 | 668 | 598 | 591 | 619 | 536 | 571 | 588 | 595 | 506 | 531 | 530 | 549 | 574 | 484 | 530 | 528 | 487 | 473 | 467 | 380 | 353 | 296 | 306 | 342 | 363 | 402 | 0 | 0 |
| EBITDA | 99.8 | 114 | 86.3 | 67.5 | 83.2 | 94.6 | 83.9 | 70.1 | 63.9 | 91.5 | 73.5 | 74.9 | 64.7 | 52.5 | 50 | 38.6 | 64.3 | 36.1 | 31.9 | 36.8 | 23.8 | 28.7 | −2.1 | 63.5 | 47.4 | 33.7 | 43.9 | 0 | 0 |
| EBITDA margin | 13.3% | 15.3% | 13.1% | 10.6% | 12.2% | 15.6% | 13.3% | 11.0% | 10.0% | 15.9% | 12.6% | 12.8% | 10.9% | 8.6% | 9.7% | 7.0% | 11.2% | 7.1% | 6.5% | 7.6% | 6.1% | 7.9% | -0.8% | 18.4% | 12.7% | 8.8% | 10.2% | – | – |
| Finance costs | 12.8 | 9.6 | 10 | 7.1 | 6.7 | 6.1 | 9.3 | 5.1 | 6.1 | 5.8 | 5.5 | 4.5 | 6.3 | 4.5 | 5.1 | 3.7 | 3.2 | 3.9 | 2.8 | 3.8 | 2.3 | 3 | 3.6 | 4.6 | 3.8 | 3.1 | 3.4 | 0 | 0 |
| Depreciation | 19.7 | 28.4 | 17.6 | 15.6 | 14.5 | 16.2 | 15.3 | 14.3 | 14.5 | 15.5 | 14.4 | 14.4 | 14.9 | 14.4 | 14.4 | 13.9 | 14.1 | 14.2 | 13.6 | 14 | 13.9 | 13.2 | 13.4 | 19.5 | 11.1 | 10.3 | 10.8 | 0 | 0 |
| Profit before tax | 77.9 | 95.5 | 65.2 | 55.5 | 71.4 | 90 | 67.9 | 62.2 | 55.6 | 87.9 | 64.2 | 68.5 | 53.8 | 50.7 | 34 | 28.8 | 62.5 | 22.9 | 22.7 | 28.7 | 17.5 | 27.1 | −10.8 | 58.6 | 41.4 | 33.8 | 39.7 | 0 | 0 |
| Tax | 21.5 | 30.3 | 18.5 | 17 | 19.4 | 31.3 | 19.8 | 18.9 | 11.1 | 26.8 | 15.2 | 21 | 12.1 | 25.8 | 9.8 | 10.7 | 26.6 | 5.3 | 7.5 | 7.9 | 9.6 | 7.8 | −1.2 | 22.3 | 9.2 | 6.8 | 17 | 0 | 0 |
| Net profit | 70.9 | 82.8 | 65 | 38.5 | 67.4 | 73.5 | 61.7 | 61.1 | 62.9 | 73.3 | 65.7 | 62.5 | 55.8 | 43.3 | 34.7 | 34.2 | 46.4 | 26.3 | 26.2 | 35.9 | 17.9 | 28.5 | −5.2 | 45.6 | 41.6 | 27 | 22.6 | 0 | 0 |
| Net margin | 9.5% | 11.1% | 9.9% | 6.1% | 9.9% | 12.1% | 9.8% | 9.6% | 9.9% | 12.7% | 11.2% | 10.7% | 9.4% | 7.1% | 6.8% | 6.2% | 8.1% | 5.2% | 5.4% | 7.4% | 4.6% | 7.8% | -1.9% | 13.2% | 11.1% | 7.0% | 5.2% | – | – |
| EPS (₹) | 4.18 | 4.95 | 3.89 | 3.31 | 4.03 | 4.39 | 3.77 | 3.66 | 3.73 | 4.32 | 3.89 | 3.74 | 3.35 | 2.61 | 2.10 | 2.06 | 2.76 | 1.58 | 1.58 | 2.15 | 1.13 | 1.73 | -0.23 | 2.76 | 2.43 | 2.36 | 1.99 | 0.00 | 0.00 |
| Net profit YoY | +5.3% | +12.6% | +5.3% | −37.0% | +7.0% | +0.2% | −6.0% | −2.3% | +12.7% | +69.4% | +89.1% | +82.7% | – | −6.6% | +31.9% | +30.6% | – | +47.4% | −8.0% | +786.1% | −57.1% | +5.6% | −123.1% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,717 | 2,516 | 2,339 | 2,321 | 2,055 | 1,534 | 1,775 | 1,758 |
| Other income | 46.3 | 50 | 51 | 36.6 | 37.1 | 50.5 | 57.8 | 50.6 |
| Total expenses | 2,476 | 2,290 | 2,116 | 2,194 | 1,956 | 1,412 | 1,586 | 1,570 |
| EBITDA | 351 | 313 | 305 | 202 | 169 | 189 | 226 | 219 |
| EBITDA margin | 12.9% | 12.4% | 13.0% | 8.7% | 8.2% | 12.3% | 12.7% | 12.4% |
| Finance costs | 33.5 | 26.5 | 22.1 | 17.9 | 13.6 | 14.9 | 7.1 | 4.2 |
| Depreciation | 76.1 | 60.3 | 59.2 | 56.8 | 55.8 | 51.7 | 30.3 | 26.9 |
| Profit before tax | 288 | 276 | 274 | 164 | 137 | 173 | 247 | 238 |
| Tax | 85.2 | 81 | 75.2 | 57.4 | 47.3 | 55.3 | 85.5 | 73.5 |
| Net profit | 270 | 259 | 257 | 168 | 135 | 155 | 161 | 165 |
| Net margin | 9.9% | 10.3% | 11.0% | 7.2% | 6.6% | 10.1% | 9.1% | 9.4% |
| EPS (₹) | 16.18 | 15.55 | 15.30 | 10.05 | 8.07 | 9.43 | 14.13 | 14.46 |
| Net profit YoY | +4.3% | +0.7% | +53.5% | +24.4% | – | −3.9% | −2.2% | – |
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 | 289 | 156 | 274 | 208 | 2.3 |
| Investing cash flow | −37.6 | 22.8 | −105 | −48.3 | 137 |
| Financing cash flow | −259 | −189 | −178 | −147 | −127 |
| Capital expenditure | 63.6 | 67.9 | 52.6 | 52.4 | 23 |
| Free cash flow (CFO − capex) | 226 | 88.3 | 222 | 155 | −20.7 |
Net profit trend
annual, ₹ croreFY20
₹155
FY22
₹135−13%
FY23
₹168+24%
FY24
₹257+54%
FY25
₹259+1%
FY26
₹270+4%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 1 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 1 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 17 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 17 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 6 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 12.2×10.9×
P/B5Y avg 1.69×1.36×
ROEFY26, on average equity13.4%
Net margin9.9%
Debt / equity0.04×
Revenue CAGR (3Y)5.4%
Profit CAGR (3Y)17.3%
EPS (TTM)₹15.04
Market cap₹2,807 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.36×
vs 8-point avg 1.69× (−20%)
1.13× low1.69× avg2.64× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,349 Cr+10%
Net worth₹2,069 Cr+5%
Total borrowings₹75 Cr−1%
Cash & bank balances₹34 Cr−18%
Investments₹730 Cr+16%
Inventories₹169 Cr−13%
Trade receivables₹535 Cr+12%
Trade payables₹345 Cr+16%
Change vs the same date a year earlier.
Revenue mix FY26
Industrial Packaging29.9%result ₹54 Cr
Greases & Lubricants23.1%result ₹76.1 Cr
Logistics Services19.9%result ₹86.6 Cr
Travel & Vacations13.3%result ₹136 Cr
Logistics Infrastructure9.7%result ₹27.8 Cr
Others4.1%result ₹−59.9 Cr
Segment revenue as reported, before inter-segment eliminations.