Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 262 | 234 | 223 | 241 | 227 | 204 | 203 | 207 | 201 | 191 | 188 | 164 | 142 | 146 | 138 | 139 | 171 | 139 | 128 | 119 | 97.5 | 101 | 87.5 |
| Other income | 4 | 4.6 | 2.6 | 4.6 | 1.3 | 2.3 | 4.3 | 1.8 | 1.4 | 1.9 | 0.9 | 1.2 | 1.2 | 1 | 0.2 | 0.3 | 0.1 | 2.2 | 2.2 | 2.9 | 2.7 | 4.8 | 0.4 |
| Total expenses | 224 | 205 | 195 | 209 | 198 | 183 | 189 | 185 | 180 | 171 | 167 | 143 | 127 | 130 | 124 | 127 | 147 | 119 | 107 | 99.8 | 81.9 | 86.1 | 72.1 |
| EBITDA | 53.4 | 45 | 42.2 | 46.1 | 43.9 | 34.9 | 28.8 | 37.2 | 35.9 | 34.5 | 35.2 | 32.9 | 26.1 | 26.2 | 25 | 22.4 | 33.7 | 28.2 | 27.9 | 26 | 21.2 | 20.3 | 20.2 |
| EBITDA margin | 20.4% | 19.3% | 19.0% | 19.2% | 19.3% | 17.1% | 14.2% | 18.0% | 17.8% | 18.1% | 18.7% | 20.1% | 18.4% | 18.0% | 18.2% | 16.1% | 19.7% | 20.3% | 21.8% | 21.7% | 21.7% | 20.2% | 23.1% |
| Finance costs | 4.7 | 4.8 | 4.7 | 4.9 | 5.3 | 5.4 | 5.8 | 5.6 | 6.1 | 5.8 | 5.8 | 4.7 | 4.5 | 3.8 | 4 | 3.8 | 3 | 3.4 | 2.3 | 2 | 1.9 | 2.1 | 1.6 |
| Depreciation | 10.6 | 11.1 | 9.5 | 9.5 | 9.4 | 8.2 | 9.2 | 9.8 | 8.7 | 9.5 | 8.1 | 7.7 | 7.2 | 7.2 | 7 | 6.2 | 6 | 5 | 4.7 | 4.4 | 3.6 | 3.8 | 3.2 |
| Profit before tax | 42.1 | 33.8 | 29.4 | 36.3 | 30.3 | 23.6 | 18.2 | 23.6 | 22.5 | 21.2 | 22.2 | 21.8 | 15.6 | 16.2 | 14.2 | 12.7 | 24.9 | 22 | 23.2 | 22.5 | 18.4 | 19.3 | 15.8 |
| Tax | 10.1 | 6.5 | 8.1 | 8.9 | 7.4 | 4.8 | 5.6 | 6.5 | 6.7 | 5.5 | 6.8 | 6.2 | 3.9 | 3.7 | 2.1 | 3.3 | 6.1 | 5.5 | 5.8 | 4.7 | 4.9 | 6.2 | 3.6 |
| Net profit | 32.1 | 27.4 | 21.3 | 27.4 | 22.9 | 18.8 | 12.5 | 17.1 | 15.9 | 15.8 | 15.3 | 15.6 | 11.7 | 12.5 | 12.1 | 9.4 | 18.8 | 16.5 | 17.4 | 17.8 | 13.5 | 13.1 | 12.2 |
| Net margin | 12.2% | 11.7% | 9.6% | 11.4% | 10.1% | 9.2% | 6.2% | 8.3% | 7.9% | 8.3% | 8.2% | 9.5% | 8.2% | 8.6% | 8.8% | 6.8% | 11.0% | 11.9% | 13.6% | 14.9% | 13.8% | 13.0% | 13.9% |
| EPS (₹) | 11.05 | 9.52 | 7.41 | 9.56 | 8.03 | 6.55 | 4.37 | 5.92 | 5.91 | 5.79 | 5.72 | 5.76 | 4.32 | 4.64 | 4.50 | 3.45 | 7.00 | 6.13 | 6.47 | 6.62 | 5.05 | 4.89 | 4.53 |
| Net profit YoY | +39.9% | +45.5% | +69.7% | +60.3% | +44.5% | +19.4% | −18.3% | +9.6% | +36.0% | +26.1% | +26.4% | +66.0% | −38.0% | −24.4% | −30.3% | −47.2% | +39.2% | +26.1% | +42.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 924 | 816 | 684 | 594 | 484 | 310 |
| Other income | 13.1 | 9.8 | 5.3 | 1.6 | 10.1 | 8 |
| Total expenses | 806 | 738 | 608 | 527 | 408 | 264 |
| EBITDA | 177 | 137 | 129 | 107 | 103 | 65.8 |
| EBITDA margin | 19.2% | 16.8% | 18.8% | 18.1% | 21.4% | 21.2% |
| Finance costs | 19.7 | 23.4 | 20.9 | 14.5 | 9.6 | 7.3 |
| Depreciation | 39.6 | 35.9 | 32.4 | 26.4 | 17.7 | 12.7 |
| Profit before tax | 130 | 87.9 | 80.8 | 68.1 | 86.1 | 53.8 |
| Tax | 30.9 | 23.5 | 22.4 | 15.3 | 20.8 | 14.5 |
| Net profit | 99 | 64.3 | 58.4 | 52.8 | 65.3 | 39.3 |
| Net margin | 10.7% | 7.9% | 8.5% | 8.9% | 13.5% | 12.7% |
| EPS (₹) | 34.52 | 22.75 | 21.26 | 19.59 | 24.26 | 14.66 |
| Net profit YoY | +53.9% | +10.2% | +10.5% | −19.0% | +66.0% | – |
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 | 109 | −6.9 | 57.8 | 71.2 | 51.6 |
| Investing cash flow | −89.2 | −42.5 | −102 | −136 | −72.5 |
| Financing cash flow | −24.7 | 53.4 | 48.4 | 64.1 | 18.4 |
| Capital expenditure | 111 | 47.3 | 93.1 | 57.9 | 77.2 |
| Free cash flow (CFO − capex) | −2.8 | −54.2 | −35.3 | 13.3 | −25.6 |
Net profit trend
annual, ₹ croreFY21
₹39.3
FY22
₹65.3+66%
FY23
₹52.8−19%
FY24
₹58.4+10%
FY25
₹64.3+10%
FY26
₹99+54%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 20 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 20 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 4 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 4 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 10 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 31.6×28.0×
P/B5Y avg 5.02×4.98×
ROEFY26, on average equity17.4%
Net margin10.7%
Debt / equity0.44×
Revenue CAGR (3Y)15.9%
Profit CAGR (3Y)23.3%
EPS (TTM)₹38.00
Market cap₹3,028 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.98×
vs 8-point avg 5.02× (−1%)
3.37× low5.02× avg7.89× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,042 Cr+6%
Net worth₹608 Cr+16%
Total borrowings₹270 Cr+2%
Cash & bank balances₹8 Cr−41%
Investments₹0 Cr
Inventories₹259 Cr+17%
Trade receivables₹161 Cr+10%
Trade payables₹102 Cr+27%
Change vs the same date a year earlier.