Your investments deserve an analyst, not a dashboard.

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	Q3 FY19	Q2 FY19	Q4 FY18
Revenue from operations	1,576	1,385	1,220	1,121	1,004	957	821	752	718	649	605	557	501	454	385	346	279	291	248	214	200	187	191	187	172	182	182	155	124	108
Other income	4.7	2.7	5.1	2.5	1.2	0.7	1.1	1.2	0.4	0.6	0.5	0.2	0.1	0.2	0	0.8	0.6	5.3	5.7	5.8	0.1	0.2	0.7	0.1	0	0.1	0.7	4.5	10.8	13.9
Total expenses	1,111	1,015	885	810	775	723	651	625	619	543	516	471	417	376	337	266	219	241	168	149	139	151	127	105	119	133	119	113	98.2	83.7
EBITDA	1,081	900	795	744	647	621	527	463	392	372	335	305	276	261	202	212	166	145	166	145	140	115	139	153	126	123	136	102	74.6	59.7
EBITDA margin	68.5%	65.0%	65.1%	66.3%	64.5%	64.9%	64.2%	61.5%	54.6%	57.4%	55.4%	54.7%	55.0%	57.5%	52.6%	61.5%	59.4%	49.9%	66.9%	67.9%	69.9%	61.6%	73.1%	81.9%	73.6%	67.8%	74.6%	65.8%	60.1%	55.1%
Finance costs	586	499	431	406	394	358	332	311	271	242	221	196	176	164	139	126	102	91.6	82.1	79.9	77.1	75.5	72.9	68.8	71.5	71.3	70.3	58.6	46.9	33.3
Depreciation	28.8	30.7	28.1	26.1	24.7	28.5	25.5	25	22.7	23.9	25.3	23.1	15.6	19.2	14.6	6.8	3.3	3.7	3.4	0.8	2	3.7	2.3	2.3	2.3	2.8	2.8	1.4	1.9	1.7
Profit before tax	470	373	340	314	230	236	171	128	98.8	107	89.2	86	83.9	78.4	48.2	80.6	61	55.5	86.1	70.4	60.6	36	65	82	52.8	49.4	63.5	46.5	36.7	38.6
Tax	117	90.2	84.8	78.1	55.1	57.8	42.6	31.3	23.1	23.9	21.3	20.8	20.3	13.5	10.8	24.4	14.9	13.7	21.2	18	14.7	8.8	15.9	21	13.1	14.4	13.9	11.3	12.2	13.8
Net profit	353	283	255	236	175	178	128	97	75.7	82.6	68	65.2	63.6	64.9	37.4	56.3	46.1	41.8	64.9	52.5	45.9	27.2	49.1	61	39.6	35	49.6	35.2	24.5	24.7
Net margin	22.4%	20.4%	20.9%	21.0%	17.4%	18.6%	15.6%	12.9%	10.6%	12.7%	11.2%	11.7%	12.7%	14.3%	9.7%	16.3%	16.5%	14.3%	26.2%	24.5%	23.0%	14.6%	25.8%	32.6%	23.1%	19.2%	27.2%	22.7%	19.8%	22.8%
EPS (₹)	3.67	2.94	2.66	2.45	2.05	2.15	1.55	1.18	0.92	1.00	3.30	3.16	3.09	3.51	2.13	3.20	2.62	2.38	3.70	2.99	2.62	1.55	2.80	3.48	2.26	2.00	2.83	2.01	1.40	1.41
Net profit YoY	+102.0%	+59.1%	+99.4%	+143.3%	+131.0%	+115.2%	+88.4%	+48.7%	+19.0%	+27.3%	+81.7%	+16.0%	+38.0%	+55.4%	−42.3%	+7.3%	+0.3%	+53.6%	+32.0%	−14.0%	+15.9%	−22.3%	−0.9%	–	–	–	+40.8%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	4,731	3,248	2,313	1,463	969	736	716	354
Other income	10.9	3.3	1.3	1.7	12.8	1.1	3.4	40.8
Total expenses	3,485	2,618	1,949	1,197	709	501	498	251
EBITDA	3,086	2,005	1,288	842	601	534	512	212
EBITDA margin	65.2%	61.7%	55.7%	57.5%	62.0%	72.5%	71.5%	59.8%
Finance costs	1,730	1,274	836	531	331	289	283	102
Depreciation	110	102	87.9	43.9	9.9	10.5	10.8	6.2
Profit before tax	1,257	633	366	268	273	236	222	144
Tax	308	155	86.2	63.6	67.6	58.8	60.7	40.1
Net profit	949	479	279	205	205	177	161	104
Net margin	20.1%	14.7%	12.1%	14.0%	21.2%	24.0%	22.5%	29.4%
EPS (₹)	10.15	5.80	3.39	11.06	11.69	10.10	9.21	5.94
Net profit YoY	+98.3%	+71.3%	+36.5%	−0.2%	+15.9%	+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	−8,728	−4,312	−3,701	−2,994	−1,341
Investing cash flow	−1,088	60	−6.4	52.1	467
Financing cash flow	10,391	5,118	2,870	4,096	1,026
Capital expenditure	59.6	49.3	63.6	123	10.7
Free cash flow (CFO − capex)	−8,787	−4,361	−3,764	−3,116	−1,351

Net profit trend

annual, ₹ crore

FY21

₹177

FY22

₹205+16%

FY23

₹205−0%

FY24

₹279+37%

FY25

₹479+71%

FY26

₹949+98%

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	30 Apr 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	30 Apr 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	29 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	29 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	29 Oct 2025	PDF XBRL
Q2 FY26	Standalone	29 Oct 2025	PDF XBRL
Q1 FY26	Consolidated	1 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	1 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY268.28 MB FY256.90 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 53.5×21.6×

P/B5Y avg 4.58×3.39×

ROEFY26, on average equity16.5%

Net margin20.1%

Debt / equity3.03×

Revenue CAGR (3Y)47.9%

Profit CAGR (3Y)66.8%

EPS (TTM)₹11.72

Market cap₹24,410 Cr

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

P/B vs history

3.39×

vs 10-point avg 4.58× (−26%)

2.22× low4.58× avg8.18× high

History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹32,676 Cr+57%

Net worth₹7,203 Cr+67%

Total borrowings₹21,839 Cr+45%

Cash & bank balances₹2,082 Cr+38%

Investments₹1,236 Cr+671%

Inventories₹0 Cr

Trade receivables₹33 Cr−44%

Change vs the same date a year earlier.

Revenue mix FY18

Financing Activity89.7%result ₹112 Cr

Other Activity10.3%result ₹31.6 Cr

Segment revenue as reported, before inter-segment eliminations.

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	59.92	59.92	59.92	59.95	59.95	69.87	69.87	69.89	69.89	69.89	69.89	69.91
FII	8.21	5.62	4.50	4.83	4.72	0.98	1.04	1.06	1.01	0.85	0.81	0.63
DII	18.42	20.11	20.11	20.29	20.53	14.52	14.51	14.56	14.10	14.18	14.16	14.35
of which MF	7.06	7.05	6.55	6.48	6.17	–	–	–	–	–	–	–
Retail	2.64	3.09	3.40	3.35	3.08	1.97	1.41	1.46	1.48	1.40	0.97	0.93
Other public	10.81	11.26	12.07	11.58	11.72	12.66	13.17	13.03	13.52	13.68	14.17	14.18

59,632 shareholders · NSE shareholding pattern filings.