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 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,000 | 4,719 | 4,970 | 4,841 | 4,622 | 4,432 | 4,593 | 4,668 | 4,250 | 4,069 | 4,256 | 4,433 | 4,011 | 4,023 | 4,197 | 4,380 | 3,550 | 3,575 | 3,607 | 3,403 | 3,166 | 3,419 | 3,421 | 2,868 | 2,983 | 3,049 | 2,700 | 2,799 | 2,842 | 2,870 | 2,544 | 2,538 |
| Other income | 61.4 | 55.5 | 59.5 | 52.1 | 57 | 63 | 62.5 | 46 | 55.6 | 57.3 | 50.6 | 52.4 | 53.9 | 56.4 | 50.8 | 53.2 | 53.8 | 55.1 | 53.4 | 60.5 | 82.6 | 73.5 | 93.7 | 78.6 | 65.2 | 68.2 | 67.5 | 61.8 | 60 | 44 | 42 | 44.4 |
| Total expenses | 4,262 | 3,970 | 4,108 | 4,006 | 3,973 | 3,739 | 3,875 | 3,995 | 3,600 | 3,388 | 3,544 | 3,686 | 3,446 | 3,322 | 3,475 | 3,774 | 3,085 | 3,123 | 3,138 | 2,933 | 2,634 | 2,822 | 2,777 | 2,489 | 2,551 | 2,618 | 2,361 | 2,411 | 2,436 | 2,455 | 2,193 | 2,185 |
| EBITDA | 840 | 853 | 980 | 955 | 757 | 805 | 845 | 783 | 754 | 787 | 821 | 872 | 689 | 801 | 818 | 712 | 550 | 540 | 558 | 554 | 612 | 675 | 717 | 454 | 502 | 492 | 395 | 437 | 452 | 454 | 389 | 397 |
| EBITDA margin | 16.8% | 18.1% | 19.7% | 19.7% | 16.4% | 18.2% | 18.4% | 16.8% | 17.7% | 19.4% | 19.3% | 19.7% | 17.2% | 19.9% | 19.5% | 16.3% | 15.5% | 15.1% | 15.5% | 16.3% | 19.3% | 19.8% | 21.0% | 15.8% | 16.8% | 16.1% | 14.6% | 15.6% | 15.9% | 15.8% | 15.3% | 15.6% |
| Finance costs | 22.9 | 18.7 | 33.3 | 34.7 | 26.2 | 30.7 | 44.6 | 34.6 | 29 | 26.4 | 31.1 | 53.4 | 53.1 | 34.9 | 38.1 | 54.1 | 33.8 | 37.4 | 39 | 34.2 | 31.8 | 29.8 | 25.6 | 27 | 23.7 | 16.1 | 10.1 | 1.3 | 3 | 2.4 | 2.4 | 2.4 |
| Depreciation | 79.5 | 85.2 | 84.5 | 85.1 | 82 | 81 | 82.4 | 76.1 | 73.9 | 79.9 | 78.1 | 71.7 | 70.8 | 65.3 | 58 | 51.7 | 50.9 | 50.4 | 50.2 | 49.1 | 48.6 | 48.5 | 48 | 48.5 | 46.7 | 44.9 | 44.8 | 46.9 | 42.4 | 36.9 | 35.6 | 42.4 |
| Profit before tax | 799 | 804 | 922 | 887 | 706 | 757 | 780 | 719 | 682 | 738 | 760 | 800 | 619 | 757 | 1,148 | 659 | 519 | 506 | 523 | 531 | 614 | 670 | 737 | 457 | 497 | 498 | 392 | 450 | 466 | 459 | 393 | 397 |
| Tax | 204 | 105 | 237 | 229 | 181 | 193 | 196 | 184 | 176 | 198 | 203 | 212 | 167 | 204 | 217 | 169 | 141 | 136 | 141 | 144 | 161 | 175 | 194 | 84.9 | 127 | 95.5 | 143 | 156 | 166 | 156 | 135 | 133 |
| Net profit | 593 | 680 | 682 | 655 | 520 | 559 | 582 | 532 | 505 | 537 | 556 | 587 | 455 | 558 | 932 | 491 | 378 | 369 | 382 | 387 | 453 | 495 | 543 | 372 | 370 | 403 | 249 | 294 | 300 | 303 | 258 | 263 |
| Net margin | 11.9% | 14.4% | 13.7% | 13.5% | 11.3% | 12.6% | 12.7% | 11.4% | 11.9% | 13.2% | 13.1% | 13.2% | 11.4% | 13.9% | 22.2% | 11.2% | 10.6% | 10.3% | 10.6% | 11.4% | 14.3% | 14.5% | 15.9% | 13.0% | 12.4% | 13.2% | 9.2% | 10.5% | 10.6% | 10.6% | 10.1% | 10.4% |
| EPS (₹) | 24.55 | 28.16 | 28.23 | 27.17 | 21.62 | 23.25 | 24.15 | 22.06 | 20.99 | 22.35 | 23.11 | 24.41 | 19.00 | 23.19 | 38.71 | 20.48 | 15.77 | 15.41 | 15.95 | 16.17 | 18.93 | 20.70 | 22.69 | 15.58 | 15.50 | 16.82 | 10.45 | 12.37 | 12.51 | 25.22 | 21.51 | 21.96 |
| Net profit YoY | +14.1% | +21.6% | +17.1% | +23.2% | +3.0% | +4.2% | +4.8% | −9.4% | +10.9% | −3.8% | −40.4% | +19.6% | – | +47.5% | +152.6% | +28.5% | – | −18.4% | −22.9% | −28.7% | +22.4% | +23.0% | +118.3% | +26.5% | +23.3% | +32.9% | −3.7% | +11.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 19,152 | 17,943 | 16,769 | 16,301 | 14,136 | 11,600 | 11,055 | 9,990 |
| Other income | 224 | 227 | 214 | 216 | 223 | 279 | 206 | 166 |
| Total expenses | 16,057 | 15,208 | 14,064 | 13,865 | 12,280 | 10,018 | 9,492 | 8,638 |
| EBITDA | 3,544 | 3,187 | 3,170 | 2,831 | 2,202 | 1,843 | 1,733 | 1,502 |
| EBITDA margin | 18.5% | 17.8% | 18.9% | 17.4% | 15.6% | 15.9% | 15.7% | 15.0% |
| Finance costs | 113 | 139 | 164 | 169 | 144 | 76.9 | 9.1 | 7.6 |
| Depreciation | 337 | 313 | 300 | 226 | 201 | 185 | 162 | 142 |
| Profit before tax | 3,319 | 2,937 | 2,917 | 3,027 | 2,079 | 1,844 | 1,769 | 1,518 |
| Tax | 752 | 749 | 779 | 716 | 562 | 451 | 612 | 514 |
| Net profit | 2,537 | 2,178 | 2,134 | 2,316 | 1,516 | 1,394 | 1,155 | 1,004 |
| Net margin | 13.2% | 12.1% | 12.7% | 14.2% | 10.7% | 12.0% | 10.5% | 10.0% |
| EPS (₹) | 105.18 | 90.45 | 88.84 | 96.39 | 63.31 | 58.35 | 48.25 | 83.65 |
| Net profit YoY | +16.5% | +2.0% | −7.9% | +52.8% | – | +20.6% | +15.1% | – |
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 | 2,612 | 2,481 | 2,573 | 2,526 | 1,300 |
| Investing cash flow | −757 | 84.4 | 476 | −1,517 | 911 |
| Financing cash flow | −1,783 | −2,762 | −2,830 | −1,028 | −2,246 |
| Capital expenditure | 206 | 375 | 562 | 711 | 550 |
| Free cash flow (CFO − capex) | 2,406 | 2,106 | 2,011 | 1,815 | 749 |
Net profit trend
annual, ₹ croreFY20
₹1,394
FY22
₹1,516+9%
FY23
₹2,316+53%
FY24
₹2,134−8%
FY25
₹2,178+2%
FY26
₹2,537+16%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 6 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 6 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 7 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 7 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 10 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 10 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 5 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 5 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 5 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 5 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 51.6×45.6×
P/B5Y avg 35.29×23.29×
ROEFY26, on average equity53.6%
Net margin13.2%
Debt / equity0.27×
Revenue CAGR (3Y)5.5%
Profit CAGR (3Y)3.1%
EPS (TTM)₹108.35
Market cap₹1.19L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
23.29×
vs 8-point avg 35.29× (−34%)
23.29× low35.29× avg47.56× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹9,732 Cr+10%
Net worth₹5,107 Cr+17%
Total borrowings₹1,358 Cr+11%
Cash & bank balances₹220 Cr+66%
Investments₹3,156 Cr+33%
Inventories₹1,346 Cr+9%
Trade receivables₹469 Cr+5%
Trade payables₹1,896 Cr+8%
Change vs the same date a year earlier.