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 | 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 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,116 | 1,458 | 1,575 | 1,383 | 1,281 | 1,460 | 1,464 | 1,072 | 1,078 | 1,702 | 1,174 | 1,367 | 654 | 843 | 820 | 879 | 902 | 942 | 921 | 753 | 383 | 791 | 645 | 311 | 203 | 636 | 552 | 735 | 709 | 760 | 688 | 826 | 699 | 434 |
| Other income | 63.7 | 65.5 | 48.1 | 46.5 | 51.7 | 71.9 | 65.7 | 66 | 35.7 | 60.3 | 34.4 | 41.3 | 31.5 | 29.5 | 38.3 | 33 | 17.8 | 22.4 | 12.2 | 23.4 | 8.7 | 29.6 | 9 | 11.3 | 10.5 | 8.4 | 16.4 | 16.3 | 8.3 | 17.8 | 10.3 | 17.7 | 8.8 | 14.1 |
| Total expenses | 937 | 1,285 | 1,334 | 1,234 | 1,139 | 1,227 | 1,241 | 972 | 1,005 | 1,484 | 1,129 | 1,228 | 655 | 824 | 809 | 850 | 851 | 937 | 859 | 761 | 469 | 759 | 641 | 362 | 301 | 638 | 533 | 686 | 644 | 663 | 613 | 711 | 614 | 411 |
| EBITDA | 361 | 365 | 411 | 328 | 324 | 416 | 414 | 292 | 293 | 433 | 262 | 325 | 175 | 202 | 208 | 216 | 233 | 205 | 258 | 192 | 111 | 189 | 148 | 87.4 | 47.4 | 135 | 156 | 190 | 182 | 215 | 176 | 219 | 180 | 135 |
| EBITDA margin | 32.4% | 25.0% | 26.1% | 23.7% | 25.3% | 28.5% | 28.3% | 27.2% | 27.1% | 25.4% | 22.3% | 23.8% | 26.7% | 24.0% | 25.3% | 24.6% | 25.8% | 21.8% | 28.0% | 25.6% | 29.1% | 23.9% | 23.0% | 28.1% | 23.3% | 21.3% | 28.2% | 25.9% | 25.7% | 28.3% | 25.6% | 26.5% | 25.7% | 31.1% |
| Finance costs | 109 | 112 | 89.9 | 102 | 106 | 107 | 114 | 123 | 152 | 138 | 135 | 110 | 108 | 100 | 118 | 110 | 106 | 109 | 108 | 113 | 113 | 90 | 85.6 | 82.1 | 89.1 | 80.5 | 86.3 | 94 | 79.6 | 76.3 | 69.7 | 69.7 | 62.8 | 74.6 |
| Depreciation | 73.2 | 80.2 | 80.1 | 76.5 | 75.6 | 75.6 | 76.3 | 68.9 | 67.9 | 76.2 | 82.1 | 75.7 | 68.1 | 83.4 | 78.1 | 78 | 75.1 | 90.8 | 87.1 | 88.1 | 84.5 | 66.1 | 59.1 | 56.2 | 55.6 | 56.3 | 50.1 | 47.3 | 38.3 | 42.5 | 32 | 33.9 | 31.7 | 37.2 |
| Profit before tax | 286 | 244 | 270 | 196 | 194 | 306 | 289 | 166 | 108 | 279 | 79.5 | 180 | 30 | 65.1 | 49.7 | 80.1 | 79 | 7.4 | 74.4 | −0.9 | −98.6 | 26 | −27.3 | −39.7 | −86.8 | −13.8 | 35.6 | 65.3 | 72.7 | 114 | 84.5 | 133 | 93.8 | 25.6 |
| Tax | 67.9 | 54.2 | 63.8 | 25.3 | 35.9 | 56.3 | 53.3 | 51.3 | 27.9 | 68 | 23.7 | 67.9 | 8.2 | 2.1 | 7 | 28.3 | 18.4 | 19.2 | 28.7 | 13.5 | −11.7 | 7 | −5.2 | −8.6 | −21.9 | −2.8 | −4.9 | 28.1 | 26.9 | 42.8 | 25.1 | 46.4 | 31.3 | 10.2 |
| Net profit | 217 | 191 | 206 | 170 | 158 | 249 | 236 | 115 | 80.5 | 211 | 55.8 | 113 | 21.9 | 63.1 | 42.7 | 51.8 | 64.7 | −11.6 | 46.4 | −13.7 | −85.9 | 19.6 | −21.5 | −30.6 | −63.9 | −11 | 40.9 | 37.6 | 46.5 | 72.1 | 59.8 | 86.9 | 63.1 | 15.5 |
| Net margin | 19.4% | 13.1% | 13.1% | 12.3% | 12.3% | 17.1% | 16.1% | 10.7% | 7.5% | 12.4% | 4.8% | 8.2% | 3.3% | 7.5% | 5.2% | 5.9% | 7.2% | -1.2% | 5.0% | -1.8% | -22.4% | 2.5% | -3.3% | -9.9% | -31.4% | -1.7% | 7.4% | 5.1% | 6.6% | 9.5% | 8.7% | 10.5% | 9.0% | 3.6% |
| EPS (₹) | 6.14 | 5.95 | 7.63 | 6.65 | 6.13 | 10.35 | 9.98 | 4.94 | 3.62 | 8.92 | 3.18 | 5.79 | 1.67 | 3.00 | 2.47 | 3.37 | 3.81 | 1.41 | 3.41 | 0.52 | -1.89 | 1.88 | -0.76 | -0.83 | -2.58 | 0.13 | 2.40 | 1.84 | 3.03 | 4.38 | 3.59 | 5.02 | 4.63 | 1.35 |
| Net profit YoY | +37.3% | −23.5% | −12.6% | +48.0% | +96.1% | +18.3% | +322.2% | +2.3% | +267.9% | +234.2% | +30.7% | +117.4% | −66.1% | +642.5% | −8.0% | +479.1% | +175.3% | −159.4% | +316.2% | +55.4% | −34.4% | +277.7% | −152.5% | −181.3% | −237.5% | −115.3% | −31.6% | −56.7% | −26.4% | +366.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,697 | 5,074 | 4,897 | 3,445 | 2,999 | 1,950 | 2,632 | 2,973 | 1,897 |
| Other income | 212 | 239 | 167 | 119 | 66.7 | 60.4 | 49.4 | 54.5 | 48.3 |
| Total expenses | 4,992 | 4,444 | 4,495 | 3,334 | 3,027 | 2,062 | 2,501 | 2,602 | 1,740 |
| EBITDA | 1,427 | 1,414 | 1,194 | 859 | 766 | 472 | 663 | 790 | 554 |
| EBITDA margin | 25.1% | 27.9% | 24.4% | 24.9% | 25.6% | 24.2% | 25.2% | 26.6% | 29.2% |
| Finance costs | 409 | 495 | 491 | 434 | 444 | 347 | 340 | 279 | 259 |
| Depreciation | 312 | 289 | 302 | 315 | 351 | 237 | 192 | 140 | 138 |
| Profit before tax | 904 | 869 | 569 | 274 | −17.7 | −128 | 160 | 426 | 194 |
| Tax | 179 | 189 | 168 | 55.8 | 49.7 | −28.7 | 47.4 | 146 | 62.8 |
| Net profit | 725 | 680 | 401 | 222 | −64.8 | −96.4 | 114 | 282 | 133 |
| Net margin | 12.7% | 13.4% | 8.2% | 6.4% | -2.2% | -4.9% | 4.3% | 9.5% | 7.0% |
| EPS (₹) | 26.36 | 28.74 | 19.56 | 12.64 | 3.67 | -2.24 | 6.39 | 17.62 | 10.40 |
| Net profit YoY | +6.5% | +69.7% | +80.5% | +443.1% | +32.8% | −184.6% | −59.6% | +112.1% | – |
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 | −137 | 995 | 334 | 966 | 1,032 |
| Investing cash flow | −1,436 | −590 | −385 | −271 | −971 |
| Financing cash flow | 1,202 | 860 | 246 | −695 | 33.4 |
| Capital expenditure | 1,739 | 0 | 0 | 0 | 208 |
| Free cash flow (CFO − capex) | −1,876 | 995 | 334 | 966 | 824 |
Net profit trend
annual, ₹ croreFY21
₹−96.4
FY22
₹−64.8+33%
FY23
₹222+443%
FY24
₹401+81%
FY25
₹680+70%
FY26
₹725+7%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 6 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 6 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 30 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 30 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 | 13 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)18.7×
P/B2.14×
ROEFY26, on average equity11.6%
Net margin12.7%
Debt / equity0.90×
Revenue CAGR (3Y)18.3%
Profit CAGR (3Y)48.3%
EPS (TTM)₹32.04
Market cap₹14,624 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹26,253 Cr+19%
Net worth₹6,820 Cr+21%
Total borrowings₹6,110 Cr+16%
Cash & bank balances₹1,486 Cr−21%
Investments₹60 Cr+46%
Inventories₹11,401 Cr+29%
Trade receivables₹601 Cr−5%
Trade payables₹882 Cr+12%
Change vs the same date a year earlier.
Revenue mix FY26
Real estate67.7%result ₹560 Cr
Leasing22.1%result ₹731 Cr
Hospitality10.2%result ₹128 Cr
Segment revenue as reported, before inter-segment eliminations.