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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	Q3 FY23	Q2 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q4 FY18
Revenue from operations	332	317	292	299	250	252	263	227	246	251	270	253	215	235	251	227	221	169	195	160	193	198	183	159	162	197	199	0
Other income	15.5	16.2	15.3	20.2	20.2	19.2	18.8	21.5	21.6	19.5	19	17.8	18.6	16	11.8	10.6	7.1	7.1	7.1	7.3	9.4	8.4	9.6	11.1	11.8	11.4	11.6	0
Total expenses	150	125	167	155	136	125	156	125	127	126	142	133	140	134	140	137	124	115	120	106	113	123	115	98.3	97.3	115	107	0
EBITDA	214	223	160	178	148	157	139	133	150	157	159	151	106	130	142	121	129	86.7	109	87.9	116	110	103	95.5	100	117	127	0
EBITDA margin	64.5%	70.4%	54.9%	59.4%	59.1%	62.3%	52.8%	58.4%	60.8%	62.6%	59.1%	59.6%	49.2%	55.4%	56.5%	53.3%	58.4%	51.4%	56.0%	55.1%	59.7%	55.5%	56.3%	60.1%	62.0%	59.5%	63.6%	–
Finance costs	0.7	1.1	2.4	1.5	1.9	1.6	1	1.6	1.7	2.6	2	2.2	2.5	1.9	1.9	2	1.3	1	1.1	1.3	1.5	1.5	1.6	1.7	2	1.9	1.8	0
Depreciation	31.4	30.3	32.4	31.6	31.5	28.2	30.7	29.1	29.1	28.9	29.2	28.8	28.7	27.6	29.6	28.9	30.7	31.8	33.3	33.4	33.5	33.3	33.6	33.1	33.8	33.3	32.7	0
Profit before tax	197	189	136	208	135	146	126	123	140	93.4	147	141	88.6	111	108	95.4	109	70.7	72.9	49.6	90	83.7	77.3	71.8	76.4	93.2	104	0
Tax	50.6	49.4	35.9	54	34.9	37.7	32.7	50.9	34.1	24.7	36.7	53.4	22.7	27.4	28.2	24.5	38.7	27	27.3	17.4	32.8	29.4	28.6	25.3	28.5	−27.1	36.1	0
Net profit	148	142	108	161	104	112	99.4	75.5	110	65.8	116	92.3	67.8	97.3	84.4	72.1	74.4	44.6	45.5	32.8	65.4	58.7	49.7	48.2	54.1	134	76.3	0
Net margin	44.6%	44.8%	36.9%	53.7%	41.7%	44.6%	37.8%	33.2%	44.6%	26.2%	43.0%	36.5%	31.6%	41.5%	33.7%	31.7%	33.7%	26.5%	23.4%	20.5%	33.8%	29.6%	27.2%	30.3%	33.4%	68.2%	38.3%	–
EPS (₹)	3.06	2.95	2.23	3.32	2.16	2.32	2.06	1.56	2.27	1.36	2.40	1.91	1.40	2.02	1.74	1.49	1.54	0.92	0.94	0.68	1.35	1.21	1.03	1.00	1.12	2.77	1.58	0.00
Net profit YoY	+41.8%	+26.6%	+8.6%	+112.9%	−4.9%	+70.7%	−14.4%	−18.2%	+61.7%	−32.4%	+37.6%	+27.9%	–	+30.8%	+89.1%	+58.4%	+13.8%	−24.1%	−8.3%	−32.0%	+20.8%	−56.2%	−34.9%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	1,158	988	988	917	744	733	735	649
Other income	73.3	81	74.9	51	28.6	40.4	47.1	37
Total expenses	583	533	540	539	465	451	428	379
EBITDA	708	578	573	502	413	422	447	374
EBITDA margin	61.1%	58.5%	58.0%	54.8%	55.5%	57.6%	60.7%	57.6%
Finance costs	6.9	5.9	9.3	8	4.8	6.3	7.4	0.3
Depreciation	126	117	116	116	129	133	131	104
Profit before tax	668	536	470	392	303	323	355	307
Tax	174	155	137	100	110	116	66.3	109
Net profit	515	397	342	313	197	222	319	221
Net margin	44.5%	40.2%	34.6%	34.2%	26.5%	30.3%	43.4%	34.1%
EPS (₹)	10.66	8.21	7.07	6.48	4.08	6.61	6.61	4.57
Net profit YoY	+29.8%	+16.1%	+9.2%	+58.7%	−11.1%	−30.5%	–	–

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	489	429	485	370	399
Investing cash flow	−18.4	−56.2	−107	−81.7	−166
Financing cash flow	−495	−401	−370	−273	−220
Capital expenditure	290	95.4	72	57.8	51.1
Free cash flow (CFO − capex)	199	334	413	312	348

Net profit trend

annual, ₹ crore

FY21

₹222

FY22

₹197−11%

FY23

₹313+59%

FY24

₹342+9%

FY25

₹397+16%

FY26

₹515+30%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	12 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	12 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated	–	PDF on NSE XBRL
Q4 FY26	Consolidated	28 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone	28 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone	–	PDF on NSE XBRL
Q4 FY26	Standalone	–	PDF on NSE XBRL
Q3 FY26	Consolidated	10 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	10 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	5 Nov 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY262.91 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 19.6×14.1×

P/B5Y avg 3.11×3.30×

ROEFY26, on average equity21.8%

Net margin44.5%

Debt / equity0.00×

Revenue CAGR (3Y)8.1%

Profit CAGR (3Y)18.1%

EPS (TTM)₹11.56

Market cap₹7,890 Cr

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

P/B vs history

3.30×

vs 8-point avg 3.11× (+6%)

1.87× low3.11× avg4.59× high

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

Balance sheet 31 Mar 2026

Total assets₹3,024 Cr+3%

Net worth₹2,388 Cr+2%

Total borrowings₹0 Cr

Cash & bank balances₹9 Cr−26%

Investments₹0 Cr

Inventories₹12 Cr+19%

Trade receivables₹44 Cr−7%

Trade payables₹57 Cr+23%

Change vs the same date a year earlier.

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	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01
FII	22.04	22.14	21.04	19.82	19.48	19.44	20.50	19.80	18.53	18.31	19.81	20.12
DII	13.82	14.95	14.93	15.73	16.25	17.10	16.75	16.43	17.06	17.39	20.02	21.24
of which MF	13.25	14.53	14.52	15.02	15.32	–	–	–	–	–	–	–
Retail	15.70	13.81	14.17	14.60	14.85	14.20	13.67	14.58	16.41	16.26	13.10	11.91
Other public	4.43	5.09	5.85	5.84	5.41	5.25	5.07	5.18	3.99	4.03	3.06	2.72

2,40,608 shareholders · NSE shareholding pattern filings.