Quarterly results
standalone · 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 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 13,687 | 13,488 | 10,922 | 8,525 | 7,723 | 9,041 | 8,556 | 8,242 | 8,130 | 7,550 | 7,310 | 6,792 | 7,282 | 8,281 | 7,628 | 8,127 | 9,387 | 8,797 | 7,990 | 6,122 | 6,531 | 6,947 | 6,033 | 5,660 | 3,989 | 4,391 | 4,672 | 4,511 | 4,987 | 5,491 | 5,540 | 4,777 | 5,310 | 6,277 |
| Other income | 315 | 280 | 294 | 237 | 282 | 230 | 221 | 268 | 277 | 280 | 305 | 231 | 287 | 584 | 587 | 576 | 310 | 277 | 279 | 311 | 349 | 295 | 450 | 390 | 684 | 470 | 445 | 590 | 429 | 539 | 550 | 394 | 299 | 486 |
| Total expenses | 6,743 | 7,062 | 6,056 | 5,239 | 5,057 | 5,522 | 5,286 | 5,332 | 5,278 | 5,094 | 4,937 | 4,710 | 4,953 | 5,354 | 5,028 | 4,777 | 5,024 | 4,716 | 4,411 | 3,571 | 3,723 | 3,899 | 3,538 | 3,428 | 3,009 | 2,996 | 3,022 | 3,014 | 3,073 | 3,306 | 3,242 | 2,897 | 2,999 | 3,161 |
| EBITDA | 7,994 | 7,666 | 6,005 | 4,426 | 3,816 | 4,783 | 4,458 | 4,104 | 3,951 | 3,654 | 3,520 | 3,139 | 3,348 | 4,031 | 3,469 | 4,199 | 5,138 | 4,963 | 4,370 | 3,335 | 3,558 | 3,875 | 3,269 | 2,952 | 1,576 | 1,964 | 2,289 | 2,117 | 2,477 | 2,789 | 2,838 | 2,334 | 2,713 | 3,620 |
| EBITDA margin | 58.4% | 56.8% | 55.0% | 51.9% | 49.4% | 52.9% | 52.1% | 49.8% | 48.6% | 48.4% | 48.2% | 46.2% | 46.0% | 48.7% | 45.5% | 51.7% | 54.7% | 56.4% | 54.7% | 54.5% | 54.5% | 55.8% | 54.2% | 52.2% | 39.5% | 44.7% | 49.0% | 46.9% | 49.7% | 50.8% | 51.2% | 48.9% | 51.1% | 57.7% |
| Finance costs | 132 | 187 | 195 | 259 | 239 | 251 | 285 | 319 | 256 | 262 | 243 | 232 | 218 | 176 | 62 | 51 | 44 | 66 | 50 | 82 | 92 | 131 | 135 | 68 | 52 | 16 | 42 | 25 | 29 | 51 | 51 | 0 | 15 | 45 |
| Depreciation | 918 | 1,053 | 944 | 881 | 911 | 1,013 | 903 | 875 | 843 | 936 | 904 | 825 | 801 | 928 | 807 | 798 | 731 | 816 | 741 | 702 | 658 | 696 | 639 | 652 | 544 | 553 | 597 | 595 | 534 | 553 | 489 | 454 | 387 | 459 |
| Profit before tax | 7,259 | 6,706 | 5,185 | 3,523 | 2,948 | 3,749 | 3,491 | 3,095 | 3,129 | 2,736 | 2,678 | 2,313 | 2,616 | 3,511 | 3,187 | 3,926 | 4,673 | 4,358 | 3,858 | 2,862 | 3,023 | 3,343 | 2,945 | 2,622 | 1,664 | 1,865 | 2,095 | 2,087 | 2,343 | 2,724 | 2,848 | 2,274 | 2,610 | 3,551 |
| Tax | 1,834 | 1,709 | 1,306 | 891 | 744 | 773 | 844 | 797 | 771 | 694 | 640 | 576 | 646 | 922 | 1,030 | 1,245 | 1,580 | 1,429 | 1,157 | 845 | 1,040 | 862 | 745 | 682 | 305 | 526 | 475 | 6 | 578 | 712 | 637 | 459 | 692 | 1,046 |
| Net profit | 5,425 | 4,997 | 3,879 | 2,632 | 2,204 | 2,976 | 2,647 | 2,298 | 2,358 | 2,042 | 2,038 | 1,737 | 1,970 | 2,589 | 2,157 | 2,681 | 3,093 | 2,929 | 2,701 | 2,017 | 1,983 | 2,481 | 2,200 | 1,940 | 1,359 | 1,339 | 1,620 | 2,081 | 1,765 | 2,012 | 2,211 | 1,815 | 1,918 | 2,505 |
| Net margin | 39.6% | 37.0% | 35.5% | 30.9% | 28.5% | 32.9% | 30.9% | 27.9% | 29.0% | 27.0% | 27.9% | 25.6% | 27.1% | 31.3% | 28.3% | 33.0% | 32.9% | 33.3% | 33.8% | 32.9% | 30.4% | 35.7% | 36.5% | 34.3% | 34.1% | 30.5% | 34.7% | 46.1% | 35.4% | 36.6% | 39.9% | 38.0% | 36.1% | 39.9% |
| EPS (₹) | 12.84 | 11.83 | 9.18 | 6.23 | 5.22 | 7.05 | 6.26 | 5.44 | 5.58 | 4.83 | 4.82 | 4.11 | 4.66 | 6.13 | 5.10 | 6.35 | 7.32 | 6.93 | 6.39 | 4.77 | 4.69 | 5.87 | 5.21 | 4.59 | 3.22 | 3.17 | 3.83 | 4.93 | 4.18 | 4.76 | 5.23 | 4.30 | 4.54 | 5.93 |
| Net profit YoY | +146.1% | +67.9% | +46.5% | +14.5% | −6.5% | +45.7% | +29.9% | +32.3% | +19.7% | −21.1% | −5.5% | −35.2% | −36.3% | −11.6% | −20.1% | +32.9% | +56.0% | +18.1% | +22.8% | +4.0% | +45.9% | +85.3% | +35.8% | −6.8% | −23.0% | −33.4% | −26.7% | +14.7% | −8.0% | −19.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 40,658 | 33,969 | 28,934 | 33,272 | 29,440 | 22,629 | 18,561 | 21,118 | 22,521 |
| Other income | 1,093 | 996 | 1,103 | 2,208 | 1,216 | 1,819 | 1,934 | 1,782 | 1,751 |
| Total expenses | 23,414 | 21,418 | 19,694 | 20,183 | 16,421 | 13,874 | 12,105 | 12,444 | 12,015 |
| EBITDA | 21,913 | 17,296 | 13,661 | 16,686 | 16,226 | 11,672 | 8,847 | 10,670 | 12,272 |
| EBITDA margin | 53.9% | 50.9% | 47.2% | 50.2% | 55.1% | 51.6% | 47.7% | 50.5% | 54.5% |
| Finance costs | 880 | 1,111 | 955 | 333 | 290 | 386 | 112 | 113 | 283 |
| Depreciation | 3,789 | 3,634 | 3,466 | 3,264 | 2,917 | 2,531 | 2,279 | 1,883 | 1,483 |
| Profit before tax | 18,362 | 13,464 | 10,343 | 15,297 | 14,101 | 10,574 | 8,390 | 10,456 | 12,497 |
| Tax | 4,650 | 3,185 | 2,556 | 4,777 | 4,471 | 2,594 | 1,585 | 2,500 | 3,221 |
| Net profit | 13,712 | 10,279 | 7,787 | 10,520 | 9,630 | 7,980 | 6,805 | 7,956 | 9,276 |
| Net margin | 33.7% | 30.3% | 26.9% | 31.6% | 32.7% | 35.3% | 36.7% | 37.7% | 41.2% |
| EPS (₹) | 32.45 | 24.33 | 18.43 | 24.90 | 22.79 | 18.89 | 16.11 | 18.83 | 21.95 |
| Net profit YoY | +33.4% | +32.0% | −26.0% | +9.2% | +20.7% | +17.3% | −14.5% | −14.2% | – |
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 | 16,857 | 14,127 | 13,343 | 15,133 | 12,691 |
| Investing cash flow | −8,760 | −2,658 | −3,405 | 6,558 | 846 |
| Financing cash flow | −7,899 | −11,426 | −9,946 | −23,224 | −12,258 |
| Capital expenditure | 5,286 | 4,320 | 3,539 | 3,457 | 2,998 |
| Free cash flow (CFO − capex) | 11,571 | 9,807 | 9,804 | 11,676 | 9,693 |
Net profit trend
annual, ₹ croreFY21
₹7,980
FY22
₹9,630+21%
FY23
₹10,520+9%
FY24
₹7,787−26%
FY25
₹10,279+32%
FY26
₹13,712+33%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 24 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 24 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 24 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 24 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 19 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 19 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 17 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 17 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 18 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 18 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 15.5×14.7×
P/B5Y avg 12.35×11.07×
ROEFY26, on average equity76.7%
Net margin33.7%
Debt / equity0.37×
Revenue CAGR (3Y)6.9%
Profit CAGR (3Y)9.2%
EPS (TTM)₹40.08
Market cap₹2.49L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
11.07×
vs 8-point avg 12.35× (−10%)
3.61× low12.35× avg28.89× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹42,173 Cr+23%
Net worth₹22,475 Cr+69%
Total borrowings₹8,252 Cr−23%
Cash & bank balances₹292 Cr+211%
Investments₹14,440 Cr+45%
Inventories₹2,051 Cr+9%
Trade receivables₹399 Cr+256%
Trade payables₹3,075 Cr+39%
Change vs the same date a year earlier.