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 | 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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 13,126 | 12,978 | 12,487 | 12,218 | 9,728 | 9,970 | 10,260 | 10,483 | 10,211 | 9,617 | 9,788 | 9,533 | 8,851 | 8,434 | 8,118 | 9,158 | 8,448 | 7,497 | 8,013 | 8,539 | 5,503 | 8,690 | 9,827 | 9,473 | 2,969 | 6,334 | 7,075 | 7,661 | 8,186 | 0 | 0 |
| Other income | 460 | 210 | 298 | 240 | 310 | 274 | 306 | 239 | 225 | 177 | 244 | 208 | 226 | 238 | 182 | 94 | 55.5 | 131 | 120 | 158 | 145 | 68.3 | 206 | 134 | 150 | 157 | 185 | 165 | 224 | 0 | 0 |
| Total expenses | 11,621 | 11,296 | 10,879 | 10,584 | 8,541 | 8,750 | 8,978 | 9,171 | 8,974 | 8,427 | 8,620 | 8,386 | 7,840 | 7,509 | 7,373 | 8,292 | 7,693 | 6,822 | 7,217 | 7,641 | 5,169 | 7,649 | 8,570 | 8,359 | 3,043 | 5,841 | 6,240 | 6,740 | 7,266 | 0 | 0 |
| EBITDA | 1,746 | 1,922 | 1,846 | 1,864 | 1,413 | 1,441 | 1,508 | 1,536 | 1,461 | 1,394 | 1,385 | 1,360 | 1,212 | 1,124 | 942 | 1,086 | 941 | 856 | 983 | 1,086 | 520 | 1,227 | 1,448 | 1,308 | 117 | 686 | 1,058 | 1,144 | 1,173 | 0 | 0 |
| EBITDA margin | 13.3% | 14.8% | 14.8% | 15.3% | 14.5% | 14.5% | 14.7% | 14.7% | 14.3% | 14.5% | 14.1% | 14.3% | 13.7% | 13.3% | 11.6% | 11.9% | 11.1% | 11.4% | 12.3% | 12.7% | 9.4% | 14.1% | 14.7% | 13.8% | 3.9% | 10.8% | 14.9% | 14.9% | 14.3% | – | – |
| Finance costs | 21.4 | 18.7 | 19.6 | 19.3 | 20.7 | 16.9 | 16.6 | 18.3 | 18.9 | 7.6 | 22.7 | 25 | 21 | 19.1 | 24.2 | 47.7 | 13.9 | 13 | 12.7 | 14 | 13.5 | 12.6 | 10.9 | 10.7 | 12.2 | 10.1 | 11.7 | 13.8 | 11 | 0 | 0 |
| Depreciation | 220 | 221 | 219 | 210 | 206 | 204 | 209 | 206 | 205 | 197 | 194 | 187 | 180 | 180 | 172 | 173 | 173 | 168 | 174 | 174 | 173 | 174 | 180 | 183 | 179 | 183 | 211 | 210 | 242 | 0 | 0 |
| Profit before tax | 1,965 | 1,893 | 1,787 | 1,875 | 1,497 | 1,494 | 1,589 | 1,550 | 1,462 | 1,367 | 1,412 | 1,356 | 1,076 | 1,163 | 928 | 960 | 810 | 806 | 916 | 1,056 | 479 | 1,109 | 1,463 | 1,248 | 76.5 | 650 | 1,019 | 1,025 | 1,882 | 0 | 0 |
| Tax | 503 | 367 | 417 | 456 | 420 | 396 | 389 | 398 | 375 | 349 | 365 | 353 | 281 | 317 | 289 | 254 | 203 | 165 | 232 | 245 | 86.8 | 261 | 335 | 297 | 20.1 | 23.7 | 139 | 155 | 633 | 0 | 0 |
| Net profit | 1,418 | 1,474 | 1,275 | 1,321 | 1,706 | 1,169 | 1,108 | 1,066 | 1,032 | 943 | 1,091 | 1,007 | 701 | 811 | 721 | 682 | 586 | 621 | 704 | 748 | 256 | 885 | 1,029 | 964 | 57.8 | 614 | 905 | 884 | 1,257 | 0 | 0 |
| Net margin | 10.8% | 11.4% | 10.2% | 10.8% | 17.5% | 11.7% | 10.8% | 10.2% | 10.1% | 9.8% | 11.1% | 10.6% | 7.9% | 9.6% | 8.9% | 7.4% | 6.9% | 8.3% | 8.8% | 8.8% | 4.7% | 10.2% | 10.5% | 10.2% | 1.9% | 9.7% | 12.8% | 11.5% | 15.4% | – | – |
| EPS (₹) | 70.59 | 72.98 | 63.36 | 65.41 | 85.26 | 58.08 | 55.38 | 53.19 | 52.31 | 46.78 | 54.71 | 50.34 | 35.54 | 40.29 | 36.33 | 34.45 | 29.55 | 30.59 | 35.23 | 37.32 | 12.82 | 44.10 | 51.02 | 47.99 | 2.96 | 30.27 | 45.15 | 44.25 | 62.92 | 0.00 | 0.00 |
| Net profit YoY | −16.9% | +26.1% | +15.0% | +23.9% | +65.2% | +23.9% | +1.6% | +5.9% | +47.3% | +16.4% | +51.3% | +47.6% | +19.6% | +30.7% | +2.4% | −8.8% | +128.3% | −29.9% | −31.6% | −22.4% | +343.9% | +44.2% | +13.7% | +9.1% | −95.4% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 47,411 | 40,923 | 37,789 | 34,158 | 29,551 | 30,959 | 29,255 | 33,972 | 33,101 |
| Other income | 1,058 | 1,044 | 855 | 569 | 555 | 558 | 731 | 687 | 523 |
| Total expenses | 41,299 | 35,873 | 33,273 | 30,867 | 26,849 | 27,621 | 26,087 | 29,615 | 28,382 |
| EBITDA | 7,045 | 5,946 | 5,350 | 4,094 | 3,445 | 4,100 | 4,061 | 5,018 | 5,325 |
| EBITDA margin | 14.9% | 14.5% | 14.2% | 12.0% | 11.7% | 13.2% | 13.9% | 14.8% | 16.1% |
| Finance costs | 78.3 | 70.7 | 76.4 | 105 | 53.1 | 46.4 | 46.6 | 37.2 | 30.8 |
| Depreciation | 855 | 825 | 757 | 697 | 690 | 715 | 846 | 624 | 575 |
| Profit before tax | 7,051 | 6,095 | 5,210 | 3,861 | 3,257 | 3,896 | 4,576 | 5,044 | 5,242 |
| Tax | 1,660 | 1,558 | 1,348 | 1,064 | 729 | 913 | 952 | 1,638 | 1,570 |
| Net profit | 5,776 | 4,376 | 3,742 | 2,800 | 2,329 | 2,936 | 3,659 | 3,466 | 3,722 |
| Net margin | 12.2% | 10.7% | 9.9% | 8.2% | 7.9% | 9.5% | 12.5% | 10.2% | 11.2% |
| EPS (₹) | 287.01 | 218.96 | 187.36 | 140.62 | 115.96 | 146.07 | 182.15 | 172.45 | 186.30 |
| Net profit YoY | +32.0% | +16.9% | +33.7% | +20.2% | −20.7% | −19.8% | +5.6% | −6.9% | – |
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 | 8,315 | 4,297 | 4,923 | 2,614 | 2,104 |
| Investing cash flow | −4,478 | −1,703 | −1,828 | −421 | −222 |
| Financing cash flow | −3,534 | −2,815 | −2,717 | −2,147 | −1,975 |
| Capital expenditure | 1,100 | 857 | 788 | 604 | 570 |
| Free cash flow (CFO − capex) | 7,215 | 3,441 | 4,135 | 2,010 | 1,534 |
Net profit trend
annual, ₹ croreFY21
₹2,936
FY22
₹2,329−21%
FY23
₹2,800+20%
FY24
₹3,742+34%
FY25
₹4,376+17%
FY26
₹5,776+32%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 6 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 6 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 5 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 5 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 5 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 5 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 6 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 19.1×19.5×
P/B5Y avg 4.31×4.96×
ROEFY26, on average equity28.3%
Net margin12.2%
Debt / equity0.02×
Revenue CAGR (3Y)11.5%
Profit CAGR (3Y)27.3%
EPS (TTM)₹274.26
Market cap₹1.07L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.96×
vs 8-point avg 4.31× (+15%)
2.82× low4.31× avg6.01× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹33,453 Cr+18%
Net worth₹21,611 Cr+12%
Total borrowings₹499 Cr+9%
Cash & bank balances₹687 Cr+79%
Investments₹15,385 Cr+35%
Inventories₹2,650 Cr+32%
Trade receivables₹2,340 Cr−31%
Trade payables₹7,676 Cr+35%
Change vs the same date a year earlier.