Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 279 | 249 | 221 | 221 | 199 | 167 | 155 | 131 | 123 | 120 | 105 | 101 | 101 | 103 | 98.1 | 66.7 | 73.1 | 84 | 75.4 | 91.3 | 71 | 60.6 |
| Other income | 23.7 | 24.9 | 9.9 | 21.3 | 13.4 | 5.8 | 8.5 | 7.1 | 10.8 | 11.2 | 9.1 | 9.7 | 5.6 | 5.2 | 2 | 9.8 | 2.3 | 2 | 0.3 | 1.5 | 0.9 | 2.2 |
| Total expenses | 191 | 185 | 141 | 151 | 135 | 124 | 102 | 86.4 | 85.2 | 91.8 | 76.6 | 73 | 69 | 73.3 | 67.3 | 54.3 | 50.7 | 62.6 | 53 | 71.8 | 48.1 | 58.7 |
| EBITDA | 108 | 81.9 | 100 | 91.6 | 81.6 | 56.7 | 66.7 | 57.5 | 50.6 | 37.8 | 40 | 38.6 | 43 | 42 | 39.7 | 19.2 | 29.6 | 28.5 | 29.1 | 26.9 | 30.2 | 25.6 |
| EBITDA margin | 38.8% | 32.9% | 45.2% | 41.4% | 40.9% | 33.9% | 43.1% | 44.0% | 41.0% | 31.6% | 38.2% | 38.1% | 42.4% | 40.6% | 40.5% | 28.9% | 40.5% | 34.0% | 38.6% | 29.5% | 42.5% | 42.3% |
| Finance costs | 4.3 | 2.7 | 4.3 | 6.5 | 4.1 | 3 | 3.2 | 3.1 | 2.5 | 2.9 | 2.9 | 1 | 1.6 | 2.9 | 1.1 | 0.5 | 0.8 | 1 | 0.8 | 1.5 | 1.4 | 1.9 |
| Depreciation | 15.9 | 15.6 | 15.7 | 14.9 | 13 | 10.7 | 10.4 | 10.2 | 9.8 | 7.1 | 9 | 9.3 | 9 | 9 | 7.9 | 6.4 | 6.3 | 6.2 | 6 | 5.9 | 5.9 | 21.9 |
| Profit before tax | 112 | −120 | 90.1 | 91.5 | 77.9 | −202 | 61.6 | 51.3 | 49.1 | 39.6 | 37.2 | 37.9 | 39 | 80 | 32.7 | 22.1 | 24.8 | 23.3 | 22.7 | 20.9 | 23.8 | 4 |
| Tax | 22.5 | −113 | 18.8 | 20.2 | 16.2 | 4.4 | 14 | 9.7 | 10.4 | 3 | 9.3 | 8.4 | 7.9 | 7.8 | 7.7 | 5.6 | 5.3 | 6.1 | 5.5 | −0.4 | 7.1 | 5.4 |
| Net profit | 89.1 | −7.2 | 71.3 | 71.2 | 61.7 | −207 | 47.6 | 41.5 | 38.7 | 36.7 | 27.9 | 29.5 | 31 | 72.3 | 24.9 | 16.6 | 19.5 | 17.2 | 17.2 | 21.3 | 16.7 | −1.4 |
| Net margin | 32.0% | -2.9% | 32.2% | 32.2% | 30.9% | -123.6% | 30.8% | 31.8% | 31.4% | 30.6% | 26.7% | 29.1% | 30.6% | 69.8% | 25.4% | 24.9% | 26.7% | 20.5% | 22.8% | 23.4% | 23.6% | -2.3% |
| EPS (₹) | 13.34 | -2.24 | 10.63 | 10.53 | 9.19 | -32.68 | 6.81 | 6.00 | 5.79 | 5.73 | 4.37 | 4.61 | 4.85 | 11.29 | 7.79 | 5.18 | 6.09 | 5.37 | 5.37 | 6.66 | 5.23 | -0.43 |
| Net profit YoY | +44.5% | +96.5% | +49.8% | +71.4% | +59.3% | −663.5% | +70.4% | +40.7% | +24.9% | −49.2% | +12.1% | +78.2% | +59.0% | +320.7% | +45.2% | −22.3% | +16.7% | +1343.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 891 | 576 | 427 | 341 | 322 | 194 |
| Other income | 69.5 | 32.3 | 35.6 | 11.2 | 4.6 | 6.6 |
| Total expenses | 612 | 398 | 310 | 246 | 236 | 210 |
| EBITDA | 355 | 231 | 159 | 131 | 115 | 80.3 |
| EBITDA margin | 39.9% | 40.2% | 37.3% | 38.2% | 35.7% | 41.5% |
| Finance costs | 17.6 | 11.8 | 8.5 | 5.2 | 4.8 | 9.4 |
| Depreciation | 59.2 | 41.2 | 34.4 | 29.6 | 23.9 | 87.6 |
| Profit before tax | 140 | −40.3 | 154 | 152 | 90.7 | −10.1 |
| Tax | −57.4 | 38.5 | 28.6 | 26.4 | 18.3 | −74.9 |
| Net profit | 197 | −78.8 | 125 | 125 | 72.4 | 64.8 |
| Net margin | 22.1% | -13.7% | 29.3% | 36.7% | 22.5% | 33.5% |
| EPS (₹) | 28.12 | -14.08 | 19.56 | 19.58 | 22.62 | 20.25 |
| Net profit YoY | +350.2% | −162.9% | −0.1% | +73.1% | +11.7% | – |
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 | 270 | 210 | 180 | 88.1 | 75.4 |
| Investing cash flow | −233 | −248 | −281 | −108 | −64.5 |
| Financing cash flow | −39.3 | 27.9 | 107 | 28.5 | −18.3 |
| Capital expenditure | 236 | 210 | 216 | 113 | 30.5 |
| Free cash flow (CFO − capex) | 33.6 | −0.1 | −35.9 | −25.3 | 45 |
Net profit trend
annual, ₹ croreFY21
₹64.8
FY22
₹72.4+12%
FY23
₹125+73%
FY24
₹125−0%
FY25
₹−78.8−163%
FY26
₹197+350%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 28 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 28 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 14 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 14 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 5 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 5 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 7 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 12.2×22.3×
P/B5Y avg 1.31×2.50×
ROEFY26, on average equity10.3%
Net margin22.1%
Debt / equity0.10×
Revenue CAGR (3Y)37.7%
Profit CAGR (3Y)16.3%
EPS (TTM)₹35.08
Market cap₹4,999 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.50×
vs 8-point avg 1.31× (+91%)
0.62× low1.31× avg2.50× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,595 Cr+8%
Net worth₹1,999 Cr+10%
Total borrowings₹203 Cr−1%
Cash & bank balances₹15 Cr−11%
Investments₹142 Cr−7%
Inventories₹94 Cr+58%
Trade receivables₹480 Cr−18%
Trade payables₹93 Cr+30%
Change vs the same date a year earlier.