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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18

₹ 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	Q2 FY23	Q1 FY23	Q4 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY18
Revenue from operations	2,013	1,951	1,599	1,376	1,396	1,595	1,182	1,312	1,230	1,401	1,222	1,187	1,204	1,224	1,091	1,016	1,187	933	675	921	830	639	377	651	702	716	808	0
Other income	51.5	32.7	41.4	37.5	54.1	54.8	44.7	51.6	46.3	49.7	45	41.8	38.8	41.8	25.8	17.2	20	17.3	15.6	16	18.7	19.8	22.5	18.5	26.5	24.5	22	0
Total expenses	1,791	1,788	1,456	1,245	1,273	1,437	1,056	1,218	1,115	1,252	1,099	1,053	1,069	1,095	1,003	906	1,077	823	615	797	730	558	353	581	612	629	712	0
EBITDA	244	180	158	145	136	171	138	106	127	162	134	146	147	146	98.7	119	120	120	70.3	135	109	91.4	34.5	80.5	99.9	97	106	0
EBITDA margin	12.1%	9.2%	9.9%	10.5%	9.8%	10.7%	11.7%	8.1%	10.3%	11.6%	10.9%	12.3%	12.2%	11.9%	9.0%	11.7%	10.1%	12.8%	10.4%	14.7%	13.1%	14.3%	9.2%	12.4%	14.2%	13.6%	13.1%	–
Finance costs	0.5	0.4	0.5	0.4	0.4	0.5	0.4	0.4	0.4	0.9	0.4	0.4	0.3	0.9	0.1	0.1	1.1	0.2	0.1	0.2	0.2	0.2	0.2	0.7	0.4	0.2	0.2	0
Depreciation	21.6	16.7	15	14	13.7	12.4	11.7	11.8	10.7	11.7	10.9	10.8	10.5	15.1	10.7	9.4	9	9.9	9.9	10.7	8.5	9.8	10	9.6	9.6	9.8	9.9	0
Profit before tax	314	303	184	206	176	261	170	151	318	250	198	206	175	228	79.4	153	287	201	75.8	232	119	136	46.8	88.7	136	111	118	0
Tax	65.4	79	52.4	43.6	39.9	69.8	45.3	32.8	73.8	63.5	46.8	52.3	49.6	52.8	24	33.9	62.3	56.2	32.6	64.5	55.2	33.3	16.4	32.4	33.1	14.5	41.1	0
Net profit	249	224	164	163	163	192	147	118	244	186	151	154	160	175	55.4	120	224	145	86.9	168	147	102	44.5	64.5	103	127	97	0
Net margin	12.4%	11.5%	10.3%	11.8%	11.7%	12.0%	12.5%	9.0%	19.8%	13.3%	12.4%	13.0%	13.3%	14.3%	5.1%	11.8%	18.9%	15.5%	12.9%	18.2%	17.7%	16.0%	11.8%	9.9%	14.6%	17.7%	12.0%	–
EPS (₹)	16.28	14.67	10.73	10.63	10.63	12.53	9.63	7.71	15.95	12.17	9.87	10.08	10.49	11.44	3.62	7.82	0.00	9.47	5.68	10.96	9.61	6.69	2.91	4.22	6.72	8.29	6.34	0.00
Net profit YoY	+53.1%	+17.1%	+11.4%	+38.0%	−33.3%	+3.0%	−2.5%	−23.5%	+52.0%	+6.3%	–	+178.5%	+34.1%	−22.0%	−61.8%	+37.6%	+33.9%	+41.4%	+95.3%	+159.9%	+43.1%	−19.3%	−54.1%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	6,321	5,319	5,014	4,481	3,768	2,768	2,877	2,884
Other income	166	197	175	118	71.4	77	91.5	81.2
Total expenses	5,763	4,826	4,472	4,019	3,380	2,438	2,534	2,489
EBITDA	620	541	588	509	429	370	383	441
EBITDA margin	9.8%	10.2%	11.7%	11.4%	11.4%	13.4%	13.3%	15.3%
Finance costs	1.8	1.7	2	1.2	1.5	0.8	1.6	1.4
Depreciation	59.4	46.6	43.9	46.4	38.9	39	38.9	43.8
Profit before tax	929	922	864	649	787	631	434	477
Tax	215	222	212	145	187	169	121	219
Net profit	714	701	652	504	599	461	391	330
Net margin	11.3%	13.2%	13.0%	11.3%	15.9%	16.7%	13.6%	11.4%
EPS (₹)	46.67	45.82	42.61	32.97	0.00	30.17	25.57	21.60
Net profit YoY	+1.8%	+7.5%	+29.2%	−15.8%	+29.8%	+18.0%	–	–

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	FY23	FY22
Operating cash flow	49.1	207	577	356	299
Investing cash flow	153	−82.1	−440	−225	−378
Financing cash flow	−129	−128	−112	−96.7	86.9
Capital expenditure	154	236	219	31	67.1
Free cash flow (CFO − capex)	−105	−29.2	358	325	232

Net profit trend

annual, ₹ crore

FY21

₹461

FY22

₹599+30%

FY23

₹504−16%

FY24

₹652+29%

FY25

₹701+8%

FY26

₹714+2%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	–	PDF XBRL
Q1 FY27	Consolidated	11 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	11 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	–	PDF XBRL
Q4 FY26	Consolidated · audited	–	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	–	PDF XBRL
Q4 FY26	Consolidated · audited	28 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	28 May 2026	PDF on NSE XBRL

Annual reports

NSE archive

FY263.81 MB FY253.36 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 21.2×27.9×

P/B5Y avg 2.79×3.67×

ROEFY26, on average equity12.3%

Net margin11.3%

Debt / equity0.00×

Revenue CAGR (3Y)12.2%

Profit CAGR (3Y)12.3%

EPS (TTM)₹52.31

Market cap₹22,344 Cr

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

P/B vs history

3.67×

vs 8-point avg 2.79× (+32%)

1.79× low2.79× avg4.16× high

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

Balance sheet 31 Mar 2026

Total assets₹6,990 Cr+11%

Net worth₹6,086 Cr+11%

Total borrowings₹19 Cr−4%

Cash & bank balances₹163 Cr

Investments₹2,737 Cr+13%

Inventories₹1,023 Cr+43%

Trade receivables₹370 Cr+53%

Trade payables₹222 Cr

Change vs the same date a year earlier.

Revenue mix FY26

Electrical cables65.4%result ₹563 Cr

Copper rods25.5%result ₹3.2 Cr

Communication cables6.0%result ₹13.9 Cr

Others3.1%result ₹4.7 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	35.86	35.86	35.86	35.86	35.86	35.86	35.86	35.86	35.86	35.92	35.92	35.92
FII	9.65	9.62	9.42	9.90	10.67	10.57	11.00	11.32	11.65	11.58	11.07	11.77
DII	16.70	16.43	15.77	15.88	15.57	16.07	16.24	16.74	16.84	15.88	15.93	15.59
of which MF	11.10	11.63	10.44	10.70	9.92	–	–	–	–	–	–	–
Retail	18.38	18.74	19.65	19.06	18.48	18.11	17.59	16.91	16.55	17.47	17.77	17.37
Other public	19.41	19.35	19.30	19.30	19.42	19.39	19.31	19.17	19.10	19.15	19.31	19.35

1,83,583 shareholders · NSE shareholding pattern filings.