Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY23
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 191 | 193 | 188 | 173 | 147 | 147 | 139 | 141 | 92.4 | 99.7 | 97.4 | 96.3 | 79.7 | 76.8 | 61.2 | 58.5 | 52.2 |
| Other income | 1.7 | 3.2 | 3.1 | 2.1 | 3.3 | 2.4 | 2 | 1.5 | 2.6 | 3.4 | 2.1 | 0.4 | 1 | 2.2 | 1.1 | 1.4 | 0.6 |
| Total expenses | 154 | 163 | 157 | 142 | 120 | 118 | 115 | 116 | 71.4 | 73.7 | 79 | 73.7 | 60.9 | 58.6 | 44.4 | 41.2 | 36.5 |
| EBITDA | 49.6 | 42 | 41.1 | 41.3 | 34.7 | 34.8 | 29.9 | 32.4 | 26.9 | 32.9 | 24.6 | 28.3 | 23.8 | 23.8 | 21.2 | 21.7 | 20.6 |
| EBITDA margin | 26.0% | 21.7% | 21.9% | 23.9% | 23.5% | 23.7% | 21.5% | 22.9% | 29.1% | 33.0% | 25.3% | 29.3% | 29.8% | 30.9% | 34.7% | 37.2% | 39.4% |
| Finance costs | 1.2 | 2.9 | 1.1 | 0.9 | 0.2 | −0.1 | 0.3 | 0.7 | 0.3 | 1.4 | 1 | 0.4 | 0.3 | 1.6 | 0.4 | 0.4 | 1 |
| Depreciation | 12 | 9.2 | 9 | 9.4 | 6.7 | 6.1 | 6.2 | 6 | 5.5 | 5.6 | 5.3 | 5.2 | 4.7 | 3.9 | 4 | 4 | 3.9 |
| Profit before tax | 38.2 | 33.1 | 34.1 | 33 | 31.1 | 31.2 | 25.4 | 27.1 | 23.7 | 29.4 | 20.5 | 23 | 19.8 | 20.4 | 18 | 18.7 | 16.3 |
| Tax | 6.2 | 3.5 | 5.1 | 6.6 | 6 | 6.9 | 3 | 4.8 | 5.5 | 8.2 | 0.5 | 4.3 | 3.4 | 4.6 | 2.8 | 2.2 | 2.6 |
| Net profit | 32 | 29.6 | 29 | 26.4 | 25 | 24.3 | 22.4 | 22.3 | 18.2 | 21.2 | 20 | 18.8 | 16.4 | 15.8 | 15.2 | 16.5 | 13.7 |
| Net margin | 16.8% | 15.3% | 15.4% | 15.3% | 17.0% | 16.6% | 16.1% | 15.8% | 19.7% | 21.3% | 20.5% | 19.5% | 20.5% | 20.6% | 24.8% | 28.2% | 26.3% |
| EPS (₹) | 3.91 | 3.53 | 3.50 | 3.09 | 3.05 | 2.94 | 2.58 | 2.71 | 2.21 | 2.62 | 2.65 | 2.43 | 2.07 | 2.06 | 2.00 | 2.19 | 1.76 |
| Net profit YoY | +27.9% | +21.5% | +29.5% | +18.6% | +37.5% | +14.8% | +11.9% | +18.8% | +11.1% | +34.2% | +31.5% | +13.9% | +19.4% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 702 | 519 | 373 | 249 |
| Other income | 11.6 | 8.5 | 6.9 | 5.3 |
| Total expenses | 582 | 420 | 287 | 181 |
| EBITDA | 159 | 124 | 110 | 87.3 |
| EBITDA margin | 22.7% | 23.9% | 29.4% | 35.1% |
| Finance costs | 5.1 | 1.2 | 3 | 3.4 |
| Depreciation | 34.3 | 23.8 | 20.8 | 15.8 |
| Profit before tax | 131 | 107 | 92.7 | 73.4 |
| Tax | 21.3 | 20.2 | 16.3 | 12.2 |
| Net profit | 110 | 87.2 | 76.4 | 61.2 |
| Net margin | 15.7% | 16.8% | 20.5% | 24.6% |
| EPS (₹) | 13.14 | 10.41 | 9.74 | 8.35 |
| Net profit YoY | +26.1% | +14.3% | +24.8% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | 133 | 102 | 72.5 | 33.6 |
| Investing cash flow | −225 | −211 | −89.4 | −106 |
| Financing cash flow | 21.9 | −21.3 | 176 | 126 |
| Capital expenditure | 185 | 83.2 | 73.9 | 40.3 |
| Free cash flow (CFO − capex) | −52.5 | 18.4 | −1.3 | −6.7 |
Net profit trend
annual, ₹ croreFY23
₹61.2
FY24
₹76.4+25%
FY25
₹87.2+14%
FY26
₹110+26%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 29 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 29 Jul 2026 | PDF on NSE 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 | 2 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 2 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 5 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 4 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 24 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 24 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 54.5×45.8×
P/B5Y avg 7.57×5.88×
ROEFY26, on average equity13.3%
Net margin15.7%
Debt / equity0.03×
Revenue CAGR (3Y)41.3%
Profit CAGR (3Y)21.6%
EPS (TTM)₹14.26
Market cap₹5,361 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.88×
vs 8-point avg 7.57× (−22%)
3.37× low7.57× avg10.47× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,213 Cr+40%
Net worth₹911 Cr+22%
Total borrowings₹24 Cr
Cash & bank balances₹58 Cr−42%
Investments₹46 Cr−43%
Inventories₹4 Cr+179%
Trade receivables₹189 Cr+30%
Trade payables₹60 Cr+91%
Change vs the same date a year earlier.
Revenue mix FY26
Enterprise solutions- Outside India62.4%result ₹95.8 Cr
Trust services20.0%result ₹44 Cr
Enterprise solutions- India17.7%result ₹71.3 Cr
Segment revenue as reported, before inter-segment eliminations.