Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q3 FY19
| ₹ 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 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,815 | 2,119 | 1,896 | 1,677 | 1,310 | 1,642 | 1,271 | 1,153 | 1,010 | 1,016 | 923 | 898 | 756 | 601 | 699 | 682 | 580 | 545 | 487 | 422 | 304 | 399 | 360 | 272 | 110 | 457 | 370 | 439 | 168 | 489 | 489 |
| Other income | 99.6 | 71.2 | 62 | 68.7 | 72.5 | 114 | 72.1 | 74.9 | 73.9 | 75.9 | 81.5 | 71.5 | 70.6 | 69.9 | 50.2 | 40.8 | 40.9 | 40.4 | 43.8 | 36.2 | 39.8 | 50.9 | 39.3 | 47.4 | 50 | 52.8 | 51.2 | 70.1 | 51.4 | 50 | 41.5 |
| Total expenses | 1,683 | 1,780 | 1,740 | 1,537 | 1,216 | 1,432 | 1,209 | 1,097 | 968 | 939 | 886 | 862 | 725 | 595 | 663 | 644 | 556 | 522 | 445 | 376 | 310 | 371 | 326 | 245 | 158 | 430 | 379 | 432 | 183 | 466 | 457 |
| EBITDA | 149 | 355 | 172 | 156 | 112 | 221 | 75.3 | 68.7 | 56.3 | 90.6 | 48.7 | 48.8 | 46.1 | 20.4 | 46.9 | 48.3 | 33.5 | 32.6 | 52 | 54.9 | 2 | 37.5 | 41.6 | 33.4 | −40.4 | 34.5 | −1.2 | 15.2 | −8.1 | 31.1 | 41.1 |
| EBITDA margin | 8.2% | 16.8% | 9.1% | 9.3% | 8.5% | 13.5% | 5.9% | 6.0% | 5.6% | 8.9% | 5.3% | 5.4% | 6.1% | 3.4% | 6.7% | 7.1% | 5.8% | 6.0% | 10.7% | 13.0% | 0.7% | 9.4% | 11.6% | 12.3% | -36.8% | 7.6% | -0.3% | 3.5% | -4.8% | 6.4% | 8.4% |
| Finance costs | 3.8 | 2.6 | 3.8 | 3.6 | 6.1 | 1.4 | 2.3 | 2.4 | 4.2 | 3.3 | 1.1 | 2.5 | 4.6 | 4 | 1.3 | 0.6 | 0.6 | 0.2 | −0 | 0.7 | 0.3 | 2.2 | 0.2 | 0.2 | 0.1 | −0.4 | 1.1 | 0.5 | 0.1 | 1.4 | 2.4 |
| Depreciation | 13.5 | 13 | 12.4 | 11.9 | 11.7 | 10 | 11.3 | 10.7 | 10.4 | 10.4 | 10.4 | 10.4 | 10.1 | 10 | 9.9 | 9.8 | 9.5 | 9.6 | 9.9 | 8.8 | 7.4 | 7.8 | 7.7 | 6 | 7.7 | 7.9 | 7.5 | 7.8 | 6.9 | 6.7 | 6.8 |
| Profit before tax | 232 | 411 | 218 | 209 | 167 | 324 | 134 | 131 | 115 | 153 | 119 | 107 | 102 | 76.3 | 85.9 | 78.8 | 64.2 | 63.2 | 86 | 81.6 | 26.5 | 78.5 | 73 | 53.8 | 1.8 | 69.2 | 41.5 | 77 | 36.2 | 73 | 71.3 |
| Tax | 58.7 | 108 | 47 | 55.6 | 46.5 | 79.3 | 35.6 | 32.8 | 28.2 | 41.2 | 30.4 | 26.8 | 25.3 | 21 | 22 | 20 | 14.1 | 16 | 23 | 22.9 | 5.9 | 20.5 | 15.3 | 16.1 | 1.6 | 19.5 | 12 | 18 | 11 | 39.4 | 26.3 |
| Net profit | 173 | 303 | 171 | 154 | 120 | 244 | 98.2 | 97.8 | 87.2 | 112 | 88.3 | 80.7 | 76.7 | 55.3 | 63.9 | 58.7 | 50.2 | 47.2 | 62.9 | 58.8 | 20.6 | 58 | 57.6 | 37.7 | 0.1 | 49.7 | 29.5 | 59 | 25.3 | 33.6 | 44.9 |
| Net margin | 9.5% | 14.3% | 9.0% | 9.2% | 9.2% | 14.9% | 7.7% | 8.5% | 8.6% | 11.0% | 9.6% | 9.0% | 10.1% | 9.2% | 9.1% | 8.6% | 8.7% | 8.7% | 12.9% | 13.9% | 6.8% | 14.5% | 16.0% | 13.8% | 0.1% | 10.9% | 8.0% | 13.4% | 15.0% | 6.9% | 9.2% |
| EPS (₹) | 15.09 | 26.47 | 14.91 | 13.43 | 10.49 | 21.32 | 8.57 | 8.54 | 7.61 | 9.74 | 7.70 | 7.05 | 6.69 | 4.83 | 5.58 | 5.13 | 4.38 | 4.12 | 5.49 | 5.13 | 1.80 | 5.06 | 5.03 | 3.29 | 0.01 | 4.34 | 2.57 | 5.15 | 2.21 | 2.94 | 3.92 |
| Net profit YoY | +43.8% | +24.1% | +73.9% | +57.3% | +37.8% | +118.9% | +11.3% | +21.1% | +13.7% | +101.8% | +38.1% | +37.5% | +52.8% | +17.2% | +1.6% | −0.1% | +143.6% | −18.6% | +9.2% | +56.0% | +13758.5% | +16.7% | +95.4% | −36.1% | −99.4% | +47.8% | −34.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 7,002 | 5,076 | 3,593 | 2,561 | 1,758 | 1,141 | 1,433 | 1,386 |
| Other income | 274 | 335 | 300 | 202 | 161 | 188 | 225 | 171 |
| Total expenses | 6,272 | 4,707 | 3,411 | 2,458 | 1,653 | 1,101 | 1,424 | 1,377 |
| EBITDA | 795 | 421 | 234 | 149 | 141 | 72.1 | 40.4 | 42.1 |
| EBITDA margin | 11.4% | 8.3% | 6.5% | 5.8% | 8.0% | 6.3% | 2.8% | 3.0% |
| Finance costs | 16.1 | 10.3 | 11.5 | 6.5 | 0.8 | 2.7 | 1.3 | 5.1 |
| Depreciation | 48.9 | 42.5 | 41.3 | 39.2 | 35.7 | 29.1 | 30.1 | 27.1 |
| Profit before tax | 1,005 | 703 | 481 | 305 | 257 | 207 | 224 | 179 |
| Tax | 257 | 176 | 124 | 77.1 | 67.7 | 53.6 | 60.4 | 69 |
| Net profit | 748 | 527 | 357 | 228 | 190 | 153 | 163 | 110 |
| Net margin | 10.7% | 10.4% | 9.9% | 8.9% | 10.8% | 13.5% | 11.4% | 7.9% |
| EPS (₹) | 65.29 | 46.04 | 31.19 | 19.91 | 16.55 | 13.40 | 14.27 | 9.60 |
| Net profit YoY | +41.8% | +47.6% | +56.6% | +20.4% | +23.5% | −6.1% | +48.7% | – |
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 | −290 | 15.6 | −707 | 1,450 | −356 |
| Investing cash flow | 527 | 170 | 1,056 | −1,666 | 428 |
| Financing cash flow | −223 | −187 | −358 | 220 | −71.8 |
| Capital expenditure | 76.9 | 67.1 | 48.1 | 42.3 | 54.8 |
| Free cash flow (CFO − capex) | −367 | −51.5 | −755 | 1,408 | −411 |
Net profit trend
annual, ₹ croreFY21
₹153
FY22
₹190+23%
FY23
₹228+20%
FY24
₹357+57%
FY25
₹527+48%
FY26
₹748+42%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 29 Jul 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | 28 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 28 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 4 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 13 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone · audited | 3 Feb 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 7 Mar 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 13 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 8 Aug 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 28.6×33.2×
P/B5Y avg 7.41×10.12×
ROEFY26, on average equity31.8%
Net margin10.7%
Debt / equity0.00×
Revenue CAGR (3Y)39.8%
Profit CAGR (3Y)48.6%
EPS (TTM)₹69.89
Market cap₹26,565 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
10.12×
vs 8-point avg 7.41× (+37%)
2.94× low7.41× avg12.62× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹10,636 Cr+3%
Net worth₹2,626 Cr+26%
Total borrowings₹0 Cr
Cash & bank balances₹17 Cr+345%
Investments₹0 Cr+0%
Inventories₹3,402 Cr−4%
Trade receivables₹1,221 Cr+371%
Trade payables₹1,828 Cr+59%
Change vs the same date a year earlier.