Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY24
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,940 | 1,910 | 1,707 | 1,571 | 1,404 | 1,339 | 1,359 | 1,301 | 1,097 | 1,034 | 993 |
| Other income | 3 | 4 | 4.6 | 4.8 | 5.8 | 7.3 | 7.5 | 11.3 | 13.4 | 9.1 | 1.8 |
| Total expenses | 1,876 | 1,856 | 1,663 | 1,531 | 1,373 | 1,309 | 1,327 | 1,277 | 1,083 | 1,030 | 986 |
| EBITDA | 97 | 86 | 67.8 | 62.1 | 50.1 | 48.9 | 50 | 42.4 | 30.2 | 28.9 | 28.6 |
| EBITDA margin | 5.0% | 4.5% | 4.0% | 4.0% | 3.6% | 3.7% | 3.7% | 3.3% | 2.8% | 2.8% | 2.9% |
| Finance costs | 20.6 | 17.3 | 14 | 12.4 | 10.7 | 10.5 | 10 | 11.5 | 9.7 | 17.3 | 16.1 |
| Depreciation | 12.3 | 14.8 | 9.8 | 9.8 | 8.9 | 8.5 | 8.1 | 7.5 | 6.6 | 7.1 | 6 |
| Profit before tax | 67.1 | 57.9 | 40.4 | 44.6 | 36.4 | 37.2 | 39.4 | 34.8 | 27.3 | 13.6 | 8.3 |
| Tax | 15.1 | 12.8 | 6.5 | 8 | 6.1 | 5.8 | 10 | 8.7 | 6.8 | −7.6 | 1.3 |
| Net profit | 52.1 | 45.1 | 33.9 | 36.6 | 30.2 | 31.4 | 29.4 | 26 | 20.5 | 21.2 | 7 |
| Net margin | 2.7% | 2.4% | 2.0% | 2.3% | 2.2% | 2.3% | 2.2% | 2.0% | 1.9% | 2.0% | 0.7% |
| EPS (₹) | 8.77 | 6.44 | 6.35 | 7.26 | 6.39 | 5.91 | 5.85 | 5.43 | 4.62 | 5.73 | 1.91 |
| Net profit YoY | +72.2% | +43.6% | +15.0% | +40.6% | +47.3% | +48.4% | +321.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 6,591 | 5,096 | 3,922 |
| Other income | 19.2 | 39.5 | 14.4 |
| Total expenses | 6,423 | 4,997 | 3,901 |
| EBITDA | 266 | 172 | 112 |
| EBITDA margin | 4.0% | 3.4% | 2.9% |
| Finance costs | 54.4 | 41.6 | 65.7 |
| Depreciation | 43.3 | 30.7 | 25 |
| Profit before tax | 179 | 139 | 35.6 |
| Tax | 33.5 | 31.3 | −4.2 |
| Net profit | 146 | 107 | 39.8 |
| Net margin | 2.2% | 2.1% | 1.0% |
| EPS (₹) | 26.44 | 21.80 | 10.81 |
| Net profit YoY | +35.7% | +169.9% | – |
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 |
|---|---|---|---|
| Operating cash flow | 96.2 | −76.9 | −36.6 |
| Investing cash flow | −303 | 220 | −705 |
| Financing cash flow | 124 | −73.7 | 863 |
| Capital expenditure | 67.5 | 11.3 | 5.4 |
| Free cash flow (CFO − capex) | 28.7 | −88.2 | −42 |
Net profit trend
annual, ₹ croreFY24
₹39.8
FY25
₹107+170%
FY26
₹146+36%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 25 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 25 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 8 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 63.7×47.3×
P/B5Y avg 3.00×4.69×
ROEFY26, on average equity8.5%
Net margin2.2%
Debt / equity0.34×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹38.53
Market cap₹7,927 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.69×
vs 5-point avg 3.00× (+57%)
2.62× low3.00× avg4.69× high
History points are balance-sheet dates (2024 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,600 Cr+33%
Net worth₹1,689 Cr−2%
Total borrowings₹567 Cr+90%
Cash & bank balances₹147 Cr−36%
Investments₹130 Cr+126%
Inventories₹842 Cr+28%
Trade receivables₹1,212 Cr+46%
Trade payables₹725 Cr+83%
Change vs the same date a year earlier.