Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q2 FY24
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 670 | 616 | 555 | 535 | 520 | 523 | 533 | 513 | 477 | 408 | 413 | 395 |
| Other income | 0.3 | 1 | 0.7 | 0.6 | 0.7 | 14.3 | 10 | 6.1 | 13.7 | 20.2 | 16 | 3.2 |
| Total expenses | 517 | 483 | 438 | 429 | 420 | 439 | 518 | 433 | 397 | 337 | 342 | 321 |
| EBITDA | 440 | 388 | 340 | 334 | 330 | 314 | 249 | 306 | 293 | 254 | 257 | 251 |
| EBITDA margin | 65.7% | 63.0% | 61.2% | 62.3% | 63.5% | 59.9% | 46.7% | 59.7% | 61.5% | 62.2% | 62.2% | 63.5% |
| Finance costs | 273 | 239 | 208 | 214 | 218 | 216 | 221 | 214 | 202 | 173 | 176 | 167 |
| Depreciation | 14.3 | 15 | 14.1 | 13.1 | 12.4 | 13.3 | 12.8 | 11.8 | 11 | 9.5 | 9.7 | 9.5 |
| Profit before tax | 153 | 135 | 118 | 107 | 100 | 98.7 | 25 | 86.4 | 93.6 | 90.9 | 87.8 | 77.4 |
| Tax | 39.1 | 34.4 | 30.4 | 27.3 | 25.3 | 27 | 6.3 | 21.9 | 23.4 | 23.2 | 22.4 | 19.6 |
| Net profit | 114 | 101 | 87.9 | 80.2 | 75 | 71.7 | 18.8 | 64.6 | 70.2 | 67.7 | 65.4 | 57.8 |
| Net margin | 17.1% | 16.3% | 15.8% | 15.0% | 14.4% | 13.7% | 3.5% | 12.6% | 14.7% | 16.6% | 15.8% | 14.6% |
| EPS (₹) | 3.05 | 2.69 | 2.35 | 2.15 | 2.01 | 1.92 | 0.50 | 1.74 | 1.90 | 1.83 | 1.92 | 1.78 |
| Net profit YoY | +52.5% | +40.3% | +368.6% | +24.2% | +6.8% | +5.9% | −71.3% | +11.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 2,224 | 2,036 | 1,577 |
| Other income | 3 | 44 | 45.8 |
| Total expenses | 1,766 | 1,776 | 1,295 |
| EBITDA | 1,392 | 1,162 | 999 |
| EBITDA margin | 62.6% | 57.1% | 63.4% |
| Finance costs | 879 | 854 | 680 |
| Depreciation | 54.5 | 48.9 | 37.4 |
| Profit before tax | 461 | 304 | 328 |
| Tax | 117 | 78.6 | 83.4 |
| Net profit | 344 | 225 | 245 |
| Net margin | 15.5% | 11.1% | 15.5% |
| EPS (₹) | 9.20 | 6.06 | 7.22 |
| Net profit YoY | +52.6% | −8.0% | – |
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 | −1,664 | −978 | −776 |
| Investing cash flow | −30.6 | 329 | −100 |
| Financing cash flow | 2,310 | 1,187 | 967 |
| Capital expenditure | 27.6 | 17.7 | 11.4 |
| Free cash flow (CFO − capex) | −1,692 | −995 | −787 |
Net profit trend
annual, ₹ croreFY24
₹245
FY25
₹225−8%
FY26
₹344+53%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 15 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 15 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 17 Oct 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 28 Jul 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 29 Apr 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 24 Jan 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 23 Oct 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 19 Jul 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 14.9×14.8×
P/B5Y avg 1.73×1.94×
ROEFY26, on average equity12.6%
Net margin15.5%
Debt / equity3.70×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹10.23
Market cap₹5,676 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.94×
vs 5-point avg 1.73× (+12%)
1.21× low1.73× avg2.13× high
History points are balance-sheet dates (2024 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹16,875 Cr+27%
Net worth₹2,926 Cr+15%
Total borrowings₹10,837 Cr+17%
Cash & bank balances₹1,340 Cr+85%
Investments₹402 Cr−1%
Inventories₹0 Cr
Trade receivables₹7 Cr−62%
Change vs the same date a year earlier.
Revenue mix FY24
Retail Finance97.5%result ₹257 Cr
Distribution2.4%result ₹1.7 Cr
Wholesale Finance0.1%result ₹−4.2 Cr
Segment revenue as reported, before inter-segment eliminations.