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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	Q3 FY19	Q2 FY19	Q4 FY18
Revenue from operations	1,200	1,224	1,051	1,127	1,056	836	758	738	773	727	664	608	655	520	535	507	509	376	423	337	326	332	296	322	289	265	303	299	234	291	321
Other income	3.1	1.9	2.6	1.5	2.4	3.8	2.8	0.5	1.3	4.1	1.1	0.7	0.3	2.4	0.3	0.3	0.2	3.2	0.5	0.2	0.1	3	3.6	0.1	0.1	2.9	0.6	0.4	0.9	1.4	1.6
Total expenses	1,075	1,103	937	1,001	964	734	689	651	687	660	599	539	586	428	465	434	443	311	349	272	272	263	244	261	243	210	235	255	192	227	261
EBITDA	194	192	185	197	159	163	124	137	130	118	111	110	106	113	101	97.5	88.5	84.3	92.5	82.3	72	85.2	68.8	77.5	62.9	70.7	84.2	61.6	54.3	76.3	71.2
EBITDA margin	16.1%	15.7%	17.6%	17.5%	15.1%	19.5%	16.4%	18.6%	16.8%	16.3%	16.7%	18.1%	16.2%	21.7%	18.8%	19.3%	17.4%	22.4%	21.9%	24.4%	22.1%	25.7%	23.2%	24.1%	21.7%	26.7%	27.8%	20.6%	23.2%	26.2%	22.2%
Finance costs	28.7	30.2	32.2	32.6	33.7	34.3	30.5	26.6	21.4	21.3	23.2	18.4	14.9	10.6	11.5	7.2	5.1	3.7	3.8	4	4.8	4.7	3.8	3.9	4.6	4.5	4.1	5	3	3.3	2.1
Depreciation	39	40.4	39.1	38.9	33.6	27	24.8	23.7	23	30.5	22.2	22.6	22.4	10.2	19	17.5	17	15.6	14.6	13.7	13.6	11.7	12.5	12.6	12.5	11.5	12	12.6	8.8	8.7	8.7
Profit before tax	129	123	116	127	94.2	106	71.9	87.3	87.2	70.4	66.7	69.7	69.4	94.7	70.5	73.1	66.6	68.1	74.7	64.8	53.7	71.8	56.1	61.2	45.8	57.7	68.7	44.4	43.4	65.6	62
Tax	12.2	8.6	16	26.2	21.7	4	8.8	13.4	15.7	5.2	3.4	8.8	8.7	9.4	−2.5	15.3	13.9	15.4	16.2	15.4	9.9	22.6	9	13.7	7.3	15.5	21.7	2.4	10.8	18.4	14.7
Net profit	117	115	100	101	72.4	102	63	74	71.5	65.2	63.3	60.9	60.7	85.3	73.1	57.8	52.7	52.7	58.5	49.3	43.8	49.2	47.1	47.5	38.5	42.2	47	42.1	32.6	47.2	47.2
Net margin	9.7%	9.4%	9.5%	9.0%	6.9%	12.2%	8.3%	10.0%	9.2%	9.0%	9.5%	10.0%	9.3%	16.4%	13.6%	11.4%	10.4%	14.0%	13.8%	14.7%	13.4%	14.8%	15.9%	14.7%	13.3%	15.9%	15.5%	14.1%	13.9%	16.2%	14.7%
EPS (₹)	8.77	8.60	7.53	7.57	5.45	7.65	4.73	5.55	5.37	4.90	4.76	4.57	4.56	6.41	5.49	4.34	3.96	3.96	4.40	3.71	3.30	3.70	3.54	3.57	2.89	3.17	3.53	3.16	2.45	3.55	3.55
Net profit YoY	+61.3%	+12.4%	+59.0%	+36.4%	+1.4%	+56.2%	−0.4%	+21.5%	+17.7%	−23.5%	−13.4%	+5.3%	+15.1%	+61.8%	+25.0%	+17.1%	+20.3%	+7.1%	+24.1%	+4.0%	+13.9%	+16.6%	+0.2%	+12.8%	–	–	+44.1%	−10.8%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	4,457	3,106	2,654	2,071	1,462	1,242	1,139	1,138
Other income	8.4	8.5	6.3	3.3	4.1	3.4	4.5	4.8
Total expenses	4,005	2,762	2,384	1,769	1,205	1,011	918	941
EBITDA	733	555	445	400	331	298	286	239
EBITDA margin	16.4%	17.9%	16.8%	19.3%	22.6%	24.0%	25.1%	21.0%
Finance costs	129	113	77.7	34.4	16.4	17	18	7.8
Depreciation	152	98.5	97.7	63.7	57.5	49.4	47.1	34.1
Profit before tax	461	352	276	305	261	235	225	202
Tax	72.6	41.9	26.2	36.1	57	52.5	59.4	53.7
Net profit	388	310	250	269	204	182	166	148
Net margin	8.7%	10.0%	9.4%	13.0%	14.0%	14.7%	14.6%	13.0%
EPS (₹)	29.15	23.31	18.80	20.21	15.36	13.70	12.47	11.14
Net profit YoY	+25.1%	+24.1%	−7.0%	+31.6%	+12.1%	+9.8%	–	–

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	858	290	55.4	198	101
Investing cash flow	−69.6	−416	−514	−332	−190
Financing cash flow	−757	53	559	164	25.1
Capital expenditure	69.8	418	513	332	190
Free cash flow (CFO − capex)	788	−128	−458	−134	−89.2

Net profit trend

annual, ₹ crore

FY21

₹182

FY22

₹204+12%

FY23

₹269+32%

FY24

₹250−7%

FY25

₹310+24%

FY26

₹388+25%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	27 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	27 Jul 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	4 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	4 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 archive

FY2617.10 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 29.8×32.2×

P/B5Y avg 5.07×5.95×

ROEFY26, on average equity18.0%

Net margin8.7%

Debt / equity0.55×

Revenue CAGR (3Y)29.1%

Profit CAGR (3Y)13.0%

EPS (TTM)₹32.39

Market cap₹13,946 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

5.95×

vs 8-point avg 5.07× (+17%)

3.77× low5.07× avg5.95× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹4,326 Cr+2%

Net worth₹2,345 Cr+19%

Total borrowings₹1,291 Cr−29%

Cash & bank balances₹217 Cr+123%

Investments₹3 Cr+286520%

Inventories₹1,042 Cr−1%

Trade receivables₹817 Cr+18%

Trade payables₹254 Cr+15%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	46.14	46.11	46.11	46.11	46.09	46.09	46.09	46.09	46.09	46.26	46.26	46.26
FII	12.07	11.24	11.01	10.53	10.65	10.20	10.13	10.17	9.76	8.12	7.77	7.75
DII	21.11	21.43	21.53	21.83	21.20	20.88	21.05	21.01	20.57	21.74	21.44	21.39
of which MF	18.66	19.02	19.22	19.59	18.91	–	–	–	–	–	–	–
Retail	9.82	10.03	10.16	10.28	10.63	11.28	11.35	11.48	12.36	12.65	13.04	13.31
Other public	10.71	10.94	10.94	11.00	11.16	11.55	11.38	11.25	11.22	11.23	11.49	11.29

63,904 shareholders · NSE shareholding pattern filings.