Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY21
| ₹ 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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,800 | 1,743 | 1,695 | 1,487 | 1,506 | 1,425 | 1,384 | 1,406 | 1,402 | 1,537 | 1,545 | 1,373 | 1,209 | 785 | 938 | 1,044 | 1,103 | 1,063 | 1,080 | 1,154 | 888 |
| Other income | 61.2 | 111 | 63.2 | 84.2 | 57.5 | 44 | 58.5 | 59.7 | 51.4 | 42.1 | 37.4 | 53.2 | 37.5 | 38.9 | 61.5 | 65.6 | 65.2 | 45.7 | 51.2 | 61.8 | 47.2 |
| Total expenses | 1,427 | 1,348 | 1,372 | 1,287 | 1,250 | 1,181 | 1,143 | 1,209 | 1,235 | 1,281 | 1,299 | 1,137 | 985 | 656 | 689 | 786 | 788 | 743 | 731 | 744 | 586 |
| EBITDA | 489 | 513 | 435 | 314 | 368 | 348 | 360 | 297 | 264 | 359 | 356 | 324 | 294 | 168 | 290 | 297 | 348 | 349 | 377 | 436 | 328 |
| EBITDA margin | 27.2% | 29.4% | 25.7% | 21.1% | 24.4% | 24.4% | 26.0% | 21.1% | 18.9% | 23.3% | 23.1% | 23.6% | 24.3% | 21.5% | 30.9% | 28.4% | 31.6% | 32.8% | 34.9% | 37.8% | 36.9% |
| Finance costs | 4.4 | 10 | 3.9 | 7.8 | 11.5 | 7.5 | 22.8 | 6.1 | 5.6 | 10 | 5.3 | 6 | 4.9 | 2.2 | 2.6 | 1.7 | 2 | 1.2 | 1 | 1 | 1 |
| Depreciation | 111 | 109 | 108 | 106 | 101 | 95.8 | 96.3 | 93.8 | 92 | 92.6 | 105 | 81.3 | 65.3 | 37.5 | 37.6 | 36.7 | 31.1 | 27.8 | 26.1 | 25.3 | 24.9 |
| Profit before tax | 435 | 506 | 362 | 284 | 313 | 288 | 299 | 257 | 218 | 298 | 283 | 290 | 261 | 111 | 311 | 324 | 380 | 366 | 401 | 472 | 349 |
| Tax | 118 | 139 | 101 | 100 | 97.3 | 102 | 94.6 | 93.2 | 74.5 | 106 | 91.3 | 95.8 | 67.2 | 32.5 | 78.9 | 82.8 | 94.6 | 92.5 | 98.6 | 121 | 88.5 |
| Net profit | 317 | 367 | 261 | 184 | 215 | 187 | 205 | 164 | 144 | 192 | 192 | 194 | 194 | 78.7 | 232 | 241 | 286 | 273 | 302 | 351 | 260 |
| Net margin | 17.6% | 21.0% | 15.4% | 12.4% | 14.3% | 13.1% | 14.8% | 11.6% | 10.3% | 12.5% | 12.4% | 14.1% | 16.1% | 10.0% | 24.7% | 23.1% | 25.9% | 25.7% | 28.0% | 30.4% | 29.3% |
| EPS (₹) | 19.23 | 22.26 | 15.87 | 11.15 | 13.08 | 11.32 | 12.42 | 9.93 | 8.73 | 11.68 | 11.65 | 11.78 | 11.79 | 4.78 | 14.08 | 14.65 | 17.40 | 16.62 | 18.37 | 21.41 | 15.93 |
| Net profit YoY | +47.1% | +96.6% | +27.7% | +12.3% | +49.9% | −3.1% | +6.7% | −15.7% | −25.9% | +144.6% | −17.3% | −19.5% | – | −72.5% | −15.0% | −20.1% | +9.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 6,431 | 5,617 | 5,665 | 3,625 | 4,401 | 3,463 |
| Other income | 316 | 214 | 170 | 240 | 224 | 135 |
| Total expenses | 5,258 | 4,767 | 4,702 | 2,754 | 3,006 | 2,263 |
| EBITDA | 1,630 | 1,269 | 1,333 | 1,025 | 1,510 | 1,302 |
| EBITDA margin | 25.3% | 22.6% | 23.5% | 28.3% | 34.3% | 37.6% |
| Finance costs | 33.3 | 42 | 26.2 | 7.4 | 5.2 | 3.4 |
| Depreciation | 424 | 378 | 345 | 147 | 110 | 98.8 |
| Profit before tax | 1,465 | 1,063 | 1,133 | 1,055 | 1,619 | 1,335 |
| Tax | 437 | 364 | 360 | 274 | 407 | 338 |
| Net profit | 1,027 | 699 | 772 | 781 | 1,212 | 997 |
| Net margin | 16.0% | 12.4% | 13.6% | 21.5% | 27.5% | 28.8% |
| EPS (₹) | 62.35 | 42.40 | 46.90 | 47.44 | 73.81 | 63.07 |
| Net profit YoY | +47.1% | −9.6% | −1.1% | −35.5% | +21.5% | – |
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 | 1,031 | 915 | 997 | 364 | 791 |
| Investing cash flow | 138 | 1,705 | −1,757 | 1,208 | −1,003 |
| Financing cash flow | −417 | −433 | −799 | 14.9 | 34.9 |
| Capital expenditure | 491 | 385 | 390 | 221 | 511 |
| Free cash flow (CFO − capex) | 541 | 530 | 607 | 143 | 279 |
Net profit trend
annual, ₹ croreFY21
₹997
FY22
₹1,212+22%
FY23
₹781−36%
FY24
₹772−1%
FY25
₹699−10%
FY26
₹1,027+47%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 15 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 15 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 28 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 28 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 3 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 3 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 5 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 5 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 32.7×42.6×
P/B5Y avg 3.29×4.64×
ROEFY26, on average equity10.5%
Net margin16.0%
Debt / equity0.02×
Revenue CAGR (3Y)21.1%
Profit CAGR (3Y)9.6%
EPS (TTM)₹68.51
Market cap₹48,064 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.64×
vs 8-point avg 3.29× (+41%)
2.63× low3.29× avg4.64× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹12,511 Cr+11%
Net worth₹10,358 Cr+13%
Total borrowings₹243 Cr−10%
Cash & bank balances₹3,359 Cr+31%
Investments₹0 Cr
Inventories₹1,744 Cr+3%
Trade receivables₹1,891 Cr+25%
Trade payables₹834 Cr+2%
Change vs the same date a year earlier.