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 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,485 | 4,096 | 4,005 | 10,469 | 5,202 | 3,877 | 3,561 | 4,700 | 4,863 | 3,387 | 3,244 | 4,352 | 4,310 | 3,102 | 3,129 | 3,913 | 4,102 | 3,011 | 2,826 | 3,494 | 3,216 | 2,890 | 2,539 | 2,990 | 2,420 | 2,433 | 2,344 | 3,010 | 3,227 | 0 |
| Other income | 254 | 531 | 257 | 463 | 311 | 293 | 396 | 189 | 744 | 645 | 617 | 62 | 323 | 547 | 426 | 421 | 191 | 409 | 408 | 66 | 127 | 213 | 199 | 143 | 232 | 413 | 205 | 122 | 30 | 0 |
| Total expenses | 5,193 | 3,974 | 3,877 | 9,859 | 5,005 | 3,704 | 3,595 | 4,427 | 5,115 | 3,613 | 3,497 | 4,314 | 4,194 | 3,099 | 3,141 | 3,918 | 3,934 | 2,836 | 2,775 | 3,080 | 2,950 | 2,558 | 2,316 | 2,726 | 2,365 | 2,373 | 2,205 | 2,697 | 3,005 | 0 |
| EBITDA | 895 | 743 | 779 | 1,925 | 864 | 812 | 610 | 896 | 371 | 410 | 346 | 646 | 724 | 513 | 496 | 490 | 650 | 696 | 545 | 914 | 768 | 840 | 730 | 765 | 577 | 625 | 654 | 835 | 758 | 0 |
| EBITDA margin | 16.3% | 18.1% | 19.5% | 18.4% | 16.6% | 20.9% | 17.1% | 19.1% | 7.6% | 12.1% | 10.7% | 14.8% | 16.8% | 16.5% | 15.9% | 12.5% | 15.8% | 23.1% | 19.3% | 26.2% | 23.9% | 29.1% | 28.8% | 25.6% | 23.8% | 25.7% | 27.9% | 27.7% | 23.5% | – |
| Finance costs | 312 | 317 | 343 | 700 | 363 | 335 | 339 | 328 | 322 | 325 | 296 | 305 | 308 | 289 | 289 | 274 | 265 | 298 | 273 | 278 | 283 | 290 | 304 | 302 | 320 | 360 | 322 | 331 | 344 | 0 |
| Depreciation | 291 | 304 | 308 | 615 | 304 | 304 | 305 | 295 | 301 | 311 | 303 | 303 | 300 | 221 | 219 | 221 | 217 | 223 | 221 | 222 | 219 | 218 | 203 | 199 | 202 | 205 | 193 | 191 | 192 | 0 |
| Profit before tax | 546 | 653 | 385 | 1,073 | 508 | 466 | 362 | 462 | 492 | 419 | 364 | 461 | 439 | 550 | 414 | 416 | 359 | 584 | 459 | 480 | 393 | 545 | 434 | 421 | 287 | 473 | 344 | 435 | 252 | 0 |
| Tax | 127 | 194 | 81 | 224 | 104 | 81 | 80 | 89 | 104 | 4 | 63 | 98 | 71 | 105 | 78 | 97 | 62 | 139 | 119 | 140 | 113 | 116 | 106 | 50 | 96 | 36 | 95 | 102 | 130 | 0 |
| Net profit | 419 | 459 | 304 | 849 | 404 | 385 | 282 | 373 | 388 | 415 | 301 | 363 | 368 | 445 | 336 | 319 | 297 | 445 | 340 | 340 | 280 | 429 | 328 | 371 | 200 | 446 | 263 | 366 | 231 | 0 |
| Net margin | 7.6% | 11.2% | 7.6% | 8.1% | 7.8% | 9.9% | 7.9% | 7.9% | 8.0% | 12.3% | 9.3% | 8.3% | 8.5% | 14.3% | 10.7% | 8.2% | 7.2% | 14.8% | 12.0% | 9.7% | 8.7% | 14.8% | 12.9% | 12.4% | 8.3% | 18.3% | 11.2% | 12.2% | 7.2% | – |
| EPS (₹) | 3.03 | 3.31 | 2.15 | 6.13 | 2.92 | 2.81 | 1.99 | 2.67 | 2.85 | 3.02 | 2.12 | 2.62 | 2.62 | 3.27 | 2.40 | 2.30 | 2.16 | 3.19 | 2.48 | 2.53 | 20.44 | 31.90 | 24.43 | 27.91 | 14.93 | 33.13 | 20.16 | 27.44 | 17.51 | 0.00 |
| Net profit YoY | +3.7% | +19.2% | +7.8% | +127.6% | +4.1% | −7.2% | −6.3% | +2.8% | +5.4% | −6.7% | −10.4% | +13.8% | +23.9% | +0.0% | −1.2% | −6.2% | +6.1% | +3.7% | +3.7% | −8.4% | +40.0% | −3.8% | +24.7% | +1.4% | −13.4% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 18,570 | 17,001 | 15,293 | 14,246 | 12,544 | 11,639 | 11,014 | 16,161 |
| Other income | 1,260 | 1,622 | 2,008 | 1,585 | 1,013 | 659 | 866 | 347 |
| Total expenses | 17,711 | 16,841 | 15,618 | 14,092 | 11,641 | 10,546 | 10,280 | 15,028 |
| EBITDA | 3,447 | 2,689 | 2,126 | 2,149 | 2,917 | 3,186 | 2,872 | 3,381 |
| EBITDA margin | 18.6% | 15.8% | 13.9% | 15.1% | 23.3% | 27.4% | 26.1% | 20.9% |
| Finance costs | 1,360 | 1,324 | 1,234 | 1,117 | 1,129 | 1,226 | 1,357 | 1,374 |
| Depreciation | 1,228 | 1,205 | 1,217 | 878 | 885 | 867 | 781 | 874 |
| Profit before tax | 2,119 | 1,782 | 1,683 | 1,739 | 1,916 | 1,752 | 1,600 | 1,480 |
| Tax | 501 | 354 | 236 | 342 | 511 | 389 | 363 | 298 |
| Net profit | 1,618 | 1,428 | 1,447 | 1,397 | 1,405 | 1,363 | 1,306 | 1,155 |
| Net margin | 8.7% | 8.4% | 9.5% | 9.8% | 11.2% | 11.7% | 11.9% | 7.1% |
| EPS (₹) | 11.63 | 10.32 | 10.38 | 10.13 | 10.25 | 100.40 | 98.24 | 0.00 |
| Net profit YoY | +13.3% | −1.3% | +3.6% | −0.6% | +3.1% | +4.4% | – | – |
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 | 4,057 | 2,582 | 2,352 | 1,978 | 2,499 |
| Investing cash flow | −3,235 | −3,013 | −564 | −545 | −575 |
| Financing cash flow | 1,205 | 1,337 | −1,642 | −2,457 | −611 |
| Capital expenditure | 3,916 | 1,863 | 771 | 696 | 778 |
| Free cash flow (CFO − capex) | 141 | 719 | 1,581 | 1,282 | 1,721 |
Net profit trend
annual, ₹ croreFY21
₹1,363
FY22
₹1,405+3%
FY23
₹1,397−1%
FY24
₹1,447+4%
FY25
₹1,428−1%
FY26
₹1,618+13%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF 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 | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF XBRL |
| Q2 FY26 | Consolidated | 17 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 17 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 11.1×9.2×
P/B5Y avg 1.43×1.48×
ROEFY26, on average equity13.2%
Net margin8.7%
Debt / equity1.70×
Revenue CAGR (3Y)9.2%
Profit CAGR (3Y)5.0%
EPS (TTM)₹15.27
Market cap₹18,601 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.48×
vs 8-point avg 1.43× (+4%)
0.81× low1.43× avg2.22× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹46,470 Cr+13%
Net worth₹12,530 Cr+4%
Total borrowings₹21,319 Cr+19%
Cash & bank balances₹4,208 Cr+93%
Investments₹154 Cr+161%
Inventories₹698 Cr−4%
Trade receivables₹2,416 Cr−0%
Trade payables₹1,848 Cr+16%
Change vs the same date a year earlier.
Revenue mix FY18
Power63.8%result ₹2,508 Cr
Process Outsourcing21.5%result ₹397 Cr
Retail14.0%result ₹−118 Cr
Property0.8%result ₹67 Cr
Segment revenue as reported, before inter-segment eliminations.