Your investments deserve an analyst, not a dashboard.

Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q2 FY20

₹ 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	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20
Revenue from operations	5,528	4,735	4,201	4,365	4,695	4,335	4,017	4,450	4,436	4,173	3,980	4,372	4,245	3,677	3,539	3,841	4,022	3,523	3,312	4,758	3,543	4,197	4,011	2,526	3,475	3,554	3,779
Other income	26.9	4.2	15.4	53.7	27.6	43.5	12.7	40.3	16.3	5.1	25.2	37.4	22.3	36.1	23.7	35.6	29.3	18.9	16.6	14.3	16.7	25.5	20.9	11.4	8	19.9	6.8
Total expenses	5,069	4,412	3,923	4,165	4,338	4,090	3,791	4,158	4,136	3,898	3,724	4,044	3,964	3,457	3,286	3,550	3,772	3,328	3,057	4,494	3,491	3,903	3,699	2,533	3,236	3,396	3,493
EBITDA	621	489	452	391	538	428	425	472	473	448	432	499	438	372	398	432	387	332	380	425	207	445	454	133	360	294	412
EBITDA margin	11.2%	10.3%	10.8%	9.0%	11.5%	9.9%	10.6%	10.6%	10.7%	10.7%	10.9%	11.4%	10.3%	10.1%	11.3%	11.2%	9.6%	9.4%	11.5%	8.9%	5.9%	10.6%	11.3%	5.3%	10.4%	8.3%	10.9%
Finance costs	19.8	26.6	25.1	39.7	32.4	34.9	54.4	34	29.8	30.8	31.7	29.7	23.9	20.9	19.2	18.1	15.6	21.2	14.8	43.8	39.2	42.5	32.4	35.4	13.7	29.5	23.9
Depreciation	142	138	149	152	149	148	145	146	144	142	145	141	132	131	127	123	122	116	111	117	116	109	109	105	108	106	103
Profit before tax	486	328	283	253	385	289	238	333	316	280	281	365	304	256	276	326	279	214	271	279	68.7	319	333	4.1	247	156	292
Tax	136	111	88.2	79.7	110	102	79.6	99	95.3	94.9	78	95.2	80.3	75	77.6	85.1	77.2	73	72.1	84	37.2	79.2	76.5	17.6	10.9	37.9	44.9
Net profit	351	217	195	174	275	188	158	233	221	186	203	270	224	181	198	241	202	3,953	178	194	31.8	240	257	−13.6	236	118	247
Net margin	6.4%	4.6%	4.6%	4.0%	5.8%	4.3%	3.9%	5.2%	5.0%	4.5%	5.1%	6.2%	5.3%	4.9%	5.6%	6.3%	5.0%	112.2%	5.4%	4.1%	0.9%	5.7%	6.4%	-0.5%	6.8%	3.3%	6.5%
EPS (₹)	4.12	2.53	0.00	2.02	3.21	2.20	1.84	2.72	2.59	2.17	2.36	3.16	2.62	2.12	2.34	2.83	2.39	1.73	2.34	2.31	0.39	2.84	3.03	-0.13	2.92	1.40	2.92
Net profit YoY	+27.9%	+15.3%	+23.1%	−25.6%	+24.4%	+1.2%	−21.8%	−13.7%	−1.5%	+2.6%	+2.3%	+12.1%	+10.7%	−95.4%	+11.3%	+24.1%	+536.4%	–	−25.8%	−24.3%	+334.6%	+103.0%	+3.8%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY20
Revenue from operations	17,995	17,238	16,770	15,078	12,789	14,471
Other income	101	113	90	125	62.1	61.9
Total expenses	16,837	16,175	15,629	14,066	11,890	13,539
EBITDA	1,870	1,798	1,817	1,589	1,400	1,446
EBITDA margin	10.4%	10.4%	10.8%	10.5%	10.9%	10.0%
Finance costs	124	153	116	73.8	60.9	96.6
Depreciation	589	582	560	502	440	418
Profit before tax	1,248	1,175	1,231	1,137	961	972
Tax	389	375	348	315	266	209
Net profit	860	801	883	823	4,357	762
Net margin	4.8%	4.6%	5.3%	5.5%	34.1%	5.3%
EPS (₹)	10.05	9.35	10.31	9.68	8.29	9.14
Net profit YoY	+7.4%	−9.3%	+7.3%	−81.1%	–	–

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	2,413	1,273	1,531	768	61.3
Investing cash flow	−1,551	−1,934	−1,458	−799	66.3
Financing cash flow	−805	515	110	−30.1	−172
Capital expenditure	1,153	1,949	1,876	996	666
Free cash flow (CFO − capex)	1,261	−676	−345	−228	−605

Net profit trend

annual, ₹ crore

FY20

₹762

FY22

₹4,357+471%

FY23

₹823−81%

FY24

₹883+7%

FY25

₹801−9%

FY26

₹860+7%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	30 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	30 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	4 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	4 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	–	PDF XBRL
Q3 FY26	Consolidated	30 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	30 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	14 Nov 2025	PDF XBRL
Q2 FY26	Standalone	14 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	5 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY2630.09 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 28.6×38.4×

P/B5Y avg 1.96×2.59×

ROEFY26, on average equity6.2%

Net margin4.8%

Debt / equity0.08×

Revenue CAGR (3Y)6.1%

Profit CAGR (3Y)1.5%

EPS (TTM)₹11.02

Market cap₹36,010 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

2.59×

vs 8-point avg 1.96× (+32%)

1.22× low1.96× avg3.09× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹21,220 Cr−1%

Net worth₹13,905 Cr−0%

Total borrowings₹1,093 Cr−30%

Cash & bank balances₹251 Cr+39%

Investments₹6,131 Cr−5%

Inventories₹4,004 Cr−12%

Trade receivables₹1,575 Cr−7%

Trade payables₹3,676 Cr+10%

Change vs the same date a year earlier.

Revenue mix FY23

Storage batteries & allied products99.8%result ₹1,087 Cr

Others0.2%result ₹0.1 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	45.99	45.99	45.99	45.99	45.99	45.99	45.99	45.99	45.99	45.99	45.99	45.99
FII	10.63	10.30	10.92	10.88	11.47	11.60	11.72	12.31	13.74	13.57	12.94	12.81
DII	19.30	19.13	18.71	18.46	17.40	17.15	17.65	17.97	17.87	18.56	19.23	19.05
of which MF	8.17	8.91	8.44	9.77	10.30	–	–	–	–	–	–	–
Retail	17.09	17.66	17.47	17.69	18.11	18.30	17.65	16.81	15.45	14.85	14.69	14.95
Other public	6.99	6.92	6.91	6.98	7.03	6.96	6.99	6.92	6.95	7.03	7.15	7.20

11,68,806 shareholders · NSE shareholding pattern filings.