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 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,426 | 3,011 | 3,055 | 3,170 | 2,907 | 2,470 | 3,096 | 2,509 | 2,316 | 2,319 | 2,541 | 1,922 | 2,218 | 1,934 | 2,185 | 1,957 | 1,696 | 1,502 | 1,744 | 1,730 | 1,195 | 1,256 | 1,431 | 1,170 | 503 | 1,062 | 1,456 | 1,321 | 1,352 | 0 | 0 |
| Other income | 137 | 145 | 116 | 123 | 134 | 126 | 111 | 105 | 104 | 99.9 | 99.4 | 89.8 | 89 | 87.5 | 84.9 | 69 | 66.9 | 67.2 | 61 | 60 | 54.9 | 58.5 | 60.6 | 58 | 96.7 | 67 | 62.9 | 64.5 | 63 | 0 | 0 |
| Total expenses | 2,866 | 2,423 | 2,476 | 2,527 | 2,334 | 1,997 | 2,551 | 2,072 | 1,892 | 1,829 | 2,048 | 1,620 | 1,920 | 1,648 | 1,810 | 1,708 | 1,517 | 1,334 | 1,509 | 1,507 | 1,080 | 1,121 | 1,226 | 1,038 | 536 | 1,031 | 1,275 | 1,203 | 1,235 | 0 | 0 |
| EBITDA | 616 | 642 | 634 | 695 | 624 | 525 | 598 | 484 | 473 | 539 | 543 | 346 | 342 | 330 | 413 | 290 | 215 | 208 | 273 | 259 | 148 | 169 | 242 | 169 | 1.9 | 67.5 | 216 | 154 | 152 | 0 | 0 |
| EBITDA margin | 18.0% | 21.3% | 20.8% | 21.9% | 21.4% | 21.3% | 19.3% | 19.3% | 20.4% | 23.2% | 21.3% | 18.0% | 15.4% | 17.1% | 18.9% | 14.8% | 12.7% | 13.9% | 15.6% | 15.0% | 12.4% | 13.5% | 16.9% | 14.4% | 0.4% | 6.3% | 14.9% | 11.6% | 11.2% | – | – |
| Finance costs | 3.9 | 2.4 | 4.8 | 2.6 | 2.7 | 5.3 | 3 | 2.6 | 5 | 6.3 | 6.5 | 6.8 | 7.8 | 6.7 | 2.8 | 4.7 | 2 | 5 | 2.9 | 2.5 | 1.9 | 3.5 | 4.8 | 4 | 4.4 | 5.1 | 4.8 | 5.7 | 5.4 | 0 | 0 |
| Depreciation | 52.6 | 51.1 | 50.4 | 49.2 | 47.9 | 46.5 | 49.3 | 45 | 44.3 | 42.4 | 42.3 | 38.3 | 36.3 | 37.6 | 34.7 | 35.6 | 34.1 | 35.1 | 35.3 | 34 | 31.3 | 31 | 32.4 | 33 | 30.8 | 31.3 | 30 | 29.8 | 29.6 | 0 | 0 |
| Profit before tax | 697 | 766 | 569 | 766 | 719 | 600 | 657 | 542 | 528 | 590 | 591 | 391 | 387 | 373 | 460 | 318 | 231 | 235 | 295 | 283 | 302 | 193 | 265 | 190 | 63.4 | 94.3 | 228 | 183 | 180 | 0 | 0 |
| Tax | 178 | 202 | 139 | 202 | 181 | 161 | 155 | 144 | 132 | 137 | 148 | 99.6 | 99.2 | 95.5 | 119 | 83.8 | 65 | 55.2 | 78.6 | 72.6 | 66.8 | 59.7 | 69.4 | 42.8 | 18 | −46.9 | 58.2 | 32.7 | 57.9 | 0 | 0 |
| Net profit | 609 | 649 | 486 | 622 | 604 | 530 | 558 | 449 | 463 | 539 | 499 | 329 | 354 | 349 | 414 | 267 | 198 | 216 | 250 | 221 | 247 | 169 | 240 | 173 | 53 | 170 | 200 | 183 | 153 | 0 | 0 |
| Net margin | 17.8% | 21.6% | 15.9% | 19.6% | 20.8% | 21.4% | 18.0% | 17.9% | 20.0% | 23.2% | 19.6% | 17.1% | 15.9% | 18.0% | 18.9% | 13.7% | 11.7% | 14.4% | 14.3% | 12.8% | 20.7% | 13.4% | 16.8% | 14.8% | 10.5% | 16.0% | 13.7% | 13.8% | 11.3% | – | – |
| EPS (₹) | 21.98 | 23.43 | 17.53 | 22.45 | 21.79 | 19.10 | 20.15 | 16.21 | 16.69 | 19.44 | 18.00 | 11.87 | 12.76 | 12.59 | 14.93 | 9.64 | 7.15 | 7.80 | 9.00 | 7.97 | 8.91 | 6.08 | 8.67 | 6.25 | 1.91 | 6.14 | 7.21 | 6.60 | 5.50 | 0.00 | 0.00 |
| Net profit YoY | +0.9% | +22.7% | −13.0% | +38.5% | +30.5% | −1.7% | +11.9% | +36.5% | +30.8% | +54.4% | +20.6% | +23.1% | +78.5% | +61.3% | +65.9% | +20.9% | −19.8% | +28.3% | +3.8% | +27.6% | +365.7% | −1.0% | +20.2% | −5.3% | −65.2% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 12,143 | 10,391 | 9,000 | 7,772 | 3,653 | 6,171 | 4,360 | 5,191 | 5,697 | 5,190 |
| Other income | 517 | 447 | 378 | 308 | 136 | 243 | 274 | 257 | 235 | 161 |
| Total expenses | 9,759 | 8,512 | 7,417 | 6,683 | 3,225 | 5,431 | 3,922 | 4,744 | 4,956 | 4,567 |
| EBITDA | 2,595 | 2,080 | 1,770 | 1,248 | 505 | 888 | 582 | 589 | 869 | 733 |
| EBITDA margin | 21.4% | 20.0% | 19.7% | 16.1% | 13.8% | 14.4% | 13.3% | 11.3% | 15.3% | 14.1% |
| Finance costs | 12.4 | 15.9 | 27.4 | 16.2 | 6.7 | 12.2 | 16.8 | 21 | 16.8 | 15.2 |
| Depreciation | 199 | 185 | 159 | 142 | 69.7 | 136 | 127 | 121 | 111 | 94.4 |
| Profit before tax | 2,820 | 2,326 | 1,959 | 1,383 | 550 | 1,116 | 712 | 685 | 976 | 841 |
| Tax | 724 | 593 | 484 | 363 | 149 | 273 | 190 | 102 | 326 | 215 |
| Net profit | 2,362 | 2,000 | 1,721 | 1,228 | 465 | 934 | 635 | 706 | 743 | 712 |
| Net margin | 19.4% | 19.2% | 19.1% | 15.8% | 12.7% | 15.1% | 14.6% | 13.6% | 13.0% | 13.7% |
| EPS (₹) | 85.20 | 72.15 | 62.07 | 44.31 | 16.79 | 33.69 | 22.91 | 25.45 | 26.79 | 25.68 |
| Net profit YoY | +18.1% | +16.2% | +40.1% | +31.5% | – | +47.0% | −10.0% | −5.0% | +4.3% | – |
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 | FY23 | FY22 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1,734 | 1,685 | 1,285 | 820 | 353 | 844 |
| Investing cash flow | 15 | −582 | −268 | 69.1 | 370 | −586 |
| Financing cash flow | −1,495 | −1,168 | −1,134 | −687 | −449 | −82.3 |
| Capital expenditure | 252 | 238 | 286 | 162 | 83.4 | 152 |
| Free cash flow (CFO − capex) | 1,483 | 1,447 | 999 | 658 | 269 | 692 |
Net profit trend
annual, ₹ croreFY22
₹934
FY23
₹465−50%
FY23
₹1,228+164%
FY24
₹1,721+40%
FY25
₹2,000+16%
FY26
₹2,362+18%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 5 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 5 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 27 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 27 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 | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 6 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 50.3×57.9×
P/B5Y avg 11.16×16.17×
ROEFY26, on average equity29.5%
Net margin19.4%
Debt / equity0.00×
Revenue CAGR (3Y)16.0%
Profit CAGR (3Y)24.4%
EPS (TTM)₹85.40
Market cap₹1.37L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
16.17×
vs 8-point avg 11.16× (+45%)
6.23× low11.16× avg16.17× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹11,304 Cr+11%
Net worth₹8,475 Cr+12%
Total borrowings₹0 Cr
Cash & bank balances₹500 Cr+113%
Investments₹1,551 Cr+66%
Inventories₹1,168 Cr+16%
Trade receivables₹2,754 Cr+21%
Trade payables₹1,650 Cr+5%
Change vs the same date a year earlier.
Revenue mix FY26
Engines79.9%result ₹2,973 Cr
Lubes20.1%result ₹113 Cr
Segment revenue as reported, before inter-segment eliminations.