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 | 1,198 | 1,074 | 1,025 | 1,019 | 1,007 | 910 | 901 | 998 | 912 | 787 | 747 | 768 | 823 | 724 | 675 | 695 | 717 | 590 | 575 | 566 | 512 | 530 |
| Other income | 13.6 | 20.2 | 11.9 | 11.4 | 16.9 | 25.8 | 11 | 9.6 | 6.9 | 7.8 | 5.7 | 6.7 | 7.2 | 6.3 | 6.5 | 5.7 | 4.4 | 4.3 | 3.7 | 3.1 | 2.6 | 2.8 |
| Total expenses | 1,157 | 1,044 | 969 | 947 | 943 | 845 | 826 | 921 | 826 | 731 | 683 | 715 | 780 | 706 | 638 | 652 | 687 | 556 | 537 | 522 | 477 | 509 |
| EBITDA | 64.9 | 53.8 | 79.4 | 92.8 | 82.5 | 83.5 | 95.9 | 96.3 | 105 | 75.4 | 82.8 | 70.2 | 60.3 | 33.7 | 53.6 | 58.9 | 45.1 | 46.9 | 52 | 61.9 | 51 | 36 |
| EBITDA margin | 5.4% | 5.0% | 7.7% | 9.1% | 8.2% | 9.2% | 10.6% | 9.6% | 11.5% | 9.6% | 11.1% | 9.1% | 7.3% | 4.7% | 7.9% | 8.5% | 6.3% | 8.0% | 9.0% | 10.9% | 10.0% | 6.8% |
| Finance costs | 1 | 1 | 0.8 | 0.8 | 0.7 | 0.9 | 0.9 | 0.8 | 1.1 | 0.8 | 0.9 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 4.2 | 2.8 | 2.2 |
| Depreciation | 22.8 | 22 | 22 | 20.6 | 17.8 | 18.2 | 19.6 | 18.7 | 18.2 | 18.3 | 18 | 17.2 | 16.5 | 14.7 | 15.9 | 15.6 | 15 | 13.2 | 13.2 | 13.1 | 12.9 | 12.5 |
| Profit before tax | 54.7 | 54.2 | 62.8 | 82.8 | 81 | 90.3 | 86.4 | 86.3 | 92.8 | 64.1 | 69.6 | 59.3 | 50.7 | 25 | 43.9 | 48.7 | 34.2 | 37.7 | 42.2 | 47.7 | 37.9 | 24.1 |
| Tax | 14.1 | −15.6 | −6 | 17.1 | 18.1 | 22.3 | 22.9 | 22.9 | 27.8 | 17.3 | 28.3 | 15.7 | 15.8 | 2.5 | 8.6 | 9.3 | 9.3 | −2.8 | 15.4 | 18.3 | 1.8 | 14.5 |
| Net profit | 40.6 | 69.7 | 68.7 | 65.7 | 62.9 | 68 | 63.6 | 63.4 | 65 | 46.8 | 41.3 | 43.6 | 35 | 22.5 | 35.4 | 39.5 | 24.9 | 40.5 | 26.9 | 29.4 | 36.1 | 9.6 |
| Net margin | 3.4% | 6.5% | 6.7% | 6.4% | 6.2% | 7.5% | 7.1% | 6.4% | 7.1% | 5.9% | 5.5% | 5.7% | 4.2% | 3.1% | 5.2% | 5.7% | 3.5% | 6.9% | 4.7% | 5.2% | 7.0% | 1.8% |
| EPS (₹) | 6.74 | 11.56 | 11.39 | 10.89 | 10.42 | 11.27 | 10.54 | 10.54 | 10.93 | 7.87 | 6.95 | 7.33 | 5.88 | 3.79 | 5.95 | 6.63 | 4.19 | 6.80 | 4.51 | 4.94 | 6.18 | 1.68 |
| Net profit YoY | −35.4% | +2.6% | +8.1% | +3.6% | −3.3% | +45.1% | +53.8% | +45.4% | +85.9% | +107.9% | +16.8% | +10.5% | +40.3% | −44.3% | +31.7% | +34.2% | −30.9% | +322.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 4,125 | 3,720 | 3,125 | 2,812 | 2,243 | 1,944 |
| Other income | 60.4 | 53.3 | 27.4 | 23 | 13.7 | 6.4 |
| Total expenses | 3,902 | 3,418 | 2,909 | 2,683 | 2,091 | 1,764 |
| EBITDA | 308 | 381 | 289 | 191 | 211 | 242 |
| EBITDA margin | 7.5% | 10.2% | 9.2% | 6.8% | 9.4% | 12.5% |
| Finance costs | 3.3 | 3.7 | 2.4 | 1.2 | 6.5 | 11.9 |
| Depreciation | 82.3 | 74.6 | 70.1 | 61.2 | 52.4 | 50.7 |
| Profit before tax | 281 | 356 | 244 | 152 | 166 | 186 |
| Tax | 13.7 | 95.8 | 77.1 | 29.6 | 32.7 | 60.2 |
| Net profit | 267 | 260 | 167 | 122 | 133 | 126 |
| Net margin | 6.5% | 7.0% | 5.3% | 4.3% | 5.9% | 6.5% |
| EPS (₹) | 44.26 | 43.27 | 28.03 | 20.55 | 22.43 | 22.48 |
| Net profit YoY | +2.7% | +55.9% | +36.4% | −7.9% | +5.4% | – |
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 | 295 | 520 | −0.7 | 161 | 171 |
| Investing cash flow | −286 | −528 | 30 | −214 | −138 |
| Financing cash flow | −24.7 | −7.7 | −1.3 | 14.6 | −48.9 |
| Capital expenditure | 162 | 110 | 107 | 108 | 71.8 |
| Free cash flow (CFO − capex) | 133 | 410 | −107 | 52.3 | 99.4 |
Net profit trend
annual, ₹ croreFY21
₹126
FY22
₹133+5%
FY23
₹122−8%
FY24
₹167+36%
FY25
₹260+56%
FY26
₹267+3%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 25 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 25 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 16 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 16 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 27 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 27 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 3 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 3 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 25.2×25.6×
P/B5Y avg 4.20×3.75×
ROEFY26, on average equity17.3%
Net margin6.5%
Debt / equity0.02×
Revenue CAGR (3Y)13.6%
Profit CAGR (3Y)29.7%
EPS (TTM)₹40.57
Market cap₹6,270 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.75×
vs 8-point avg 4.20× (−11%)
2.88× low4.20× avg5.44× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,096 Cr+21%
Net worth₹1,674 Cr+19%
Total borrowings₹30 Cr−30%
Cash & bank balances₹81 Cr−9%
Investments₹411 Cr−36%
Inventories₹155 Cr−4%
Trade receivables₹14 Cr+10%
Trade payables₹188 Cr+21%
Change vs the same date a year earlier.