Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 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 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 979 | 828 | 945 | 801 | 942 | 788 | 919 | 837 | 945 | 798 | 903 | 819 | 958 | 779 | 900 | 830 | 943 | 665 | 841 | 614 | 267 | 590 | 616 | 368 | 135 | 621 | 831 | 722 | 883 | 0 |
| Other income | 18 | 19.8 | 21 | 21.4 | 17 | 22.3 | 9.9 | 17.2 | 16.2 | 21.9 | 11.1 | 15.5 | 13.3 | 9.9 | 7.6 | 11.9 | 9.3 | 18.7 | 13.5 | 11.5 | 12.2 | 14.4 | 13.2 | 14.4 | 52 | 17.1 | 17 | 17.7 | 16.9 | 0 |
| Total expenses | 911 | 816 | 869 | 795 | 884 | 748 | 841 | 785 | 878 | 737 | 836 | 748 | 828 | 700 | 798 | 770 | 793 | 599 | 758 | 575 | 372 | 564 | 588 | 441 | 322 | 579 | 672 | 642 | 744 | 0 |
| EBITDA | 204 | 151 | 212 | 145 | 199 | 178 | 200 | 175 | 185 | 182 | 182 | 182 | 240 | 182 | 206 | 161 | 245 | 162 | 169 | 119 | −31.5 | 112 | 118 | 18.1 | −85.9 | 140 | 264 | 185 | 243 | 0 |
| EBITDA margin | 20.8% | 18.2% | 22.4% | 18.1% | 21.1% | 22.6% | 21.7% | 20.9% | 19.6% | 22.8% | 20.2% | 22.2% | 25.0% | 23.4% | 22.9% | 19.4% | 25.9% | 24.4% | 20.0% | 19.4% | -11.8% | 19.0% | 19.1% | 4.9% | -63.6% | 22.5% | 31.7% | 25.7% | 27.6% | – |
| Finance costs | 32.7 | 33.6 | 32.3 | 33.8 | 34.9 | 34.8 | 31.1 | 31.8 | 30.8 | 31 | 29.5 | 28.4 | 28.1 | 27.2 | 28.6 | 27.2 | 24.9 | 24.5 | 23.3 | 22 | 23 | 24.2 | 25 | 26.5 | 27.8 | 27.1 | 28.5 | 30.8 | 31.4 | 0 |
| Depreciation | 103 | 105 | 104 | 105 | 106 | 104 | 90.2 | 90.2 | 87.2 | 90.3 | 86 | 81.7 | 81.1 | 76.5 | 75.4 | 73.6 | 69.3 | 71.8 | 61.6 | 58.6 | 50.1 | 62 | 65.2 | 64.5 | 73.1 | 71.4 | 76.5 | 74.9 | 73 | 0 |
| Profit before tax | 85.9 | 3.8 | 88.9 | 19.3 | 70.1 | 62.2 | 77.3 | 69.8 | 217 | 82.9 | 78 | 46.1 | 144 | 88.3 | 110 | 72.1 | 160 | 84.6 | 97.3 | 50.2 | −92.4 | 40.4 | 36.1 | −58.4 | −135 | 58.2 | 176 | 97.4 | 156 | 0 |
| Tax | 21.9 | 1.6 | 22.8 | 5.4 | 18.1 | 16.3 | 18.6 | 17.8 | 43.1 | 19.3 | 20.1 | 12.1 | 36.7 | 22.7 | 26.6 | 17.2 | 40.4 | 21.6 | 24.9 | 13 | −22.9 | 10.9 | 9.7 | −14.1 | −33.9 | 19.8 | 57.6 | 26.1 | 54.8 | 0 |
| Net profit | 64 | 2.2 | 66.1 | 13.9 | 52 | 45.9 | 58.7 | 52 | 174 | 63.6 | 58 | 34 | 107 | 65.6 | 83.2 | 54.8 | 119 | 63 | 72.3 | 37.2 | −69.5 | 29.5 | 26.4 | −44.3 | −101 | 38.4 | 118 | 71.3 | 101 | 0 |
| Net margin | 6.5% | 0.3% | 7.0% | 1.7% | 5.5% | 5.8% | 6.4% | 6.2% | 18.4% | 8.0% | 6.4% | 4.1% | 11.2% | 8.4% | 9.2% | 6.6% | 12.7% | 9.5% | 8.6% | 6.1% | -26.0% | 5.0% | 4.3% | -12.0% | -74.7% | 6.2% | 14.2% | 9.9% | 11.4% | – |
| EPS (₹) | 4.98 | 0.17 | 5.14 | 1.08 | 4.05 | 3.57 | 4.57 | 4.04 | 13.54 | 4.95 | 4.51 | 2.64 | 8.32 | 5.11 | 6.47 | 4.27 | 9.29 | 4.90 | 5.63 | 2.89 | -5.41 | 2.29 | 2.06 | -3.45 | -7.85 | 2.99 | 9.20 | 5.55 | 7.86 | 0.00 |
| Net profit YoY | +23.0% | −95.2% | +12.6% | −73.3% | −70.1% | −27.9% | +1.2% | +52.9% | +62.8% | −3.0% | −30.3% | −38.0% | −10.5% | +4.2% | +15.0% | +47.4% | +271.8% | +113.6% | +173.8% | +183.9% | +31.1% | −23.3% | −77.7% | −162.2% | −199.9% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,515 | 3,489 | 3,479 | 3,452 | 2,388 | 1,708 | 3,056 | 2,931 |
| Other income | 79.2 | 65.6 | 61.7 | 38.7 | 56 | 94.1 | 68.7 | 68.2 |
| Total expenses | 3,364 | 3,251 | 3,149 | 3,060 | 2,304 | 1,915 | 2,638 | 2,522 |
| EBITDA | 707 | 737 | 786 | 794 | 418 | 162 | 832 | 477 |
| EBITDA margin | 20.1% | 21.1% | 22.6% | 23.0% | 17.5% | 9.5% | 27.2% | 16.3% |
| Finance costs | 135 | 128 | 117 | 108 | 92.8 | 104 | 118 | 3.5 |
| Depreciation | 420 | 371 | 339 | 295 | 242 | 265 | 296 | 64 |
| Profit before tax | 182 | 426 | 351 | 430 | 140 | −117 | 487 | 478 |
| Tax | 47.8 | 95.7 | 88.1 | 107 | 36.7 | −27.3 | 158 | 149 |
| Net profit | 134 | 331 | 263 | 323 | 103 | −89.3 | 329 | 329 |
| Net margin | 3.8% | 9.5% | 7.5% | 9.4% | 4.3% | -5.2% | 10.8% | 11.2% |
| EPS (₹) | 10.44 | 25.73 | 20.42 | 25.13 | 8.01 | -6.95 | 25.59 | 25.60 |
| Net profit YoY | −59.4% | +26.0% | −18.7% | +213.6% | +215.3% | −127.2% | −0.0% | – |
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 | 595 | 738 | 453 | 629 | 212 |
| Investing cash flow | −257 | 53.1 | 40.4 | 439 | 92.8 |
| Financing cash flow | −531 | −638 | −518 | −1,011 | −341 |
| Capital expenditure | 65.8 | 72.6 | 101 | 95.4 | 48.6 |
| Free cash flow (CFO − capex) | 529 | 665 | 352 | 533 | 163 |
Net profit trend
annual, ₹ croreFY21
₹−89.3
FY22
₹103+215%
FY23
₹323+214%
FY24
₹263−19%
FY25
₹331+26%
FY26
₹134−59%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 11 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 11 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 27 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 27 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 9 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 9 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 27 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 27 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 11 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 11 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 57.2×55.4×
P/B5Y avg 11.79×5.07×
ROEFY26, on average equity8.5%
Net margin3.8%
Debt / equity0.00×
Revenue CAGR (3Y)0.6%
Profit CAGR (3Y)-25.4%
EPS (TTM)₹11.37
Market cap₹8,095 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.07×
vs 8-point avg 11.79× (−57%)
4.89× low11.79× avg18.18× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,778 Cr−1%
Net worth₹1,596 Cr+1%
Total borrowings₹0 Cr
Cash & bank balances₹9 Cr−95%
Investments₹36 Cr+3509%
Inventories₹708 Cr−13%
Trade receivables₹184 Cr+65%
Trade payables₹331 Cr−5%
Change vs the same date a year earlier.