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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	Q4 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	379	300	455	322	315	322	385	322	318	304	329	276	305	304	319	254	273	222	245	249	187	148	91.9	135	208	171	191	191	207	177	163	136
Other income	9.8	8.4	11.5	9	9.6	11.5	4.2	6.2	5.2	10.9	4.5	6.5	5.7	4.3	4.6	6.6	3.7	3.8	3.4	3.1	3.3	3.1	3.4	15.6	6.4	6.9	7.2	7.4	7.2	7.2	12.2	18.1
Total expenses	294	235	345	250	245	244	284	247	240	230	259	216	238	218	259	213	234	186	210	217	152	127	84	124	184	151	169	170	184	149	143	113
EBITDA	90.2	69	114	75.9	74.2	83.5	106	79.2	82.8	78.5	74.8	65.7	71.4	90.5	65.5	45.8	44.1	40.5	39.2	36.1	39.8	25.3	11.8	15.6	29.7	26.3	27.2	24.5	26.7	31.5	22.6	23.8
EBITDA margin	23.8%	23.0%	25.1%	23.6%	23.5%	25.9%	27.6%	24.6%	26.1%	25.8%	22.7%	23.8%	23.4%	29.7%	20.5%	18.0%	16.1%	18.2%	16.0%	14.5%	21.3%	17.1%	12.9%	11.6%	14.2%	15.4%	14.2%	12.8%	12.9%	17.8%	13.9%	17.5%
Finance costs	0.3	0.2	0.5	0.4	0.4	0.7	0.4	0	0.2	0.6	0.5	0.6	0.4	0.2	1.1	0.5	0.6	1.4	0.4	0.4	0.9	0.3	0.3	0.9	0.6	0.6	0.5	0.4	−0	0.1	0.1	−2.4
Depreciation	4.7	4.1	3.6	3.6	3.8	4.1	4	4.5	4.5	4.3	4.5	4.6	4.4	4.3	4.2	4	3.8	3.7	3.6	3.4	3.3	3.7	3.6	4.2	4.8	4.8	4.4	2.9	2.9	2.8	2.8	2.9
Profit before tax	95	87.9	95.1	80.9	79.6	90.2	106	81	83.3	84.5	74.3	67	72.3	90.3	64.8	47.9	43.3	39.1	38.6	35.4	38.8	24.5	11.3	26.1	30.7	27.8	29.4	28.7	31	35.8	32	41.4
Tax	24.5	23.1	23.2	20.5	20.6	22.5	28.3	20.6	21.4	20.6	19.2	17.2	18.6	23.2	16.8	12.4	11.2	9.9	10	9.4	12.8	6.2	3.2	6.9	7.2	5.1	10.4	11.9	10	13.4	11.3	14.9
Net profit	70.5	64.8	71.9	60.4	59	67.7	77.7	60.4	61.9	63.9	55.1	49.7	53.7	67.1	48	35.5	32.1	29.2	28.6	26	26	18.3	8.1	19.2	23.6	22.7	19.1	16.8	20.9	22.5	20.7	26.5
Net margin	18.6%	21.6%	15.8%	18.7%	18.7%	21.0%	20.2%	18.7%	19.5%	21.0%	16.7%	18.0%	17.6%	22.0%	15.0%	14.0%	11.8%	13.2%	11.7%	10.5%	13.9%	12.3%	8.8%	14.3%	11.3%	13.3%	10.0%	8.8%	10.1%	12.7%	12.7%	19.4%
EPS (₹)	22.32	20.53	22.77	19.12	18.68	21.43	24.60	19.12	19.60	20.23	17.45	15.75	17.02	21.26	15.19	11.23	10.17	9.26	9.06	8.25	8.24	5.80	2.57	6.08	7.46	7.20	6.04	5.33	6.63	7.11	6.56	8.39
Net profit YoY	+19.5%	−4.2%	−7.4%	+0.0%	−4.7%	+5.9%	+41.0%	+21.4%	+15.1%	−4.8%	+14.8%	+40.2%	+67.3%	+129.6%	+67.7%	+36.2%	–	+12.3%	–	+42.2%	+35.4%	−19.5%	−57.4%	+14.2%	+12.7%	+1.2%	−8.0%	−36.4%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	1,392	1,336	1,214	1,151	910	618	706	739	625
Other income	38.4	38.3	27.5	19.3	13.1	13.1	36.1	33.9	71.4
Total expenses	1,076	1,014	943	924	775	523	628	646	565
EBITDA	333	340	290	246	152	111	98.8	105	70.8
EBITDA margin	23.9%	25.5%	23.9%	21.4%	16.7%	17.9%	14.0%	14.3%	11.3%
Finance costs	1.5	1.4	2.1	2.4	2.6	1.7	2.6	0.5	−2.1
Depreciation	15.1	17.1	17.7	16.3	14.1	14.3	18.3	11.4	12.6
Profit before tax	343	360	298	246	148	108	114	127	132
Tax	87.4	92.8	75.7	63.7	38.2	35.4	29.4	46.5	42.8
Net profit	256	268	222	183	110	72.4	84.6	80.9	88.9
Net margin	18.4%	20.0%	18.3%	15.9%	12.1%	11.7%	12.0%	11.0%	14.2%
EPS (₹)	81.10	84.75	70.45	57.86	34.89	22.92	26.80	25.64	28.16
Net profit YoY	−4.3%	+20.3%	+21.8%	+65.8%	+52.2%	−14.5%	+4.5%	−8.9%	–

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	274	265	207	148	80.9
Investing cash flow	−69.4	−37.5	−34.4	−4.7	−5.3
Financing cash flow	−255	−240	−225	−162	−13.1
Capital expenditure	78.7	49	48.8	14.8	12.3
Free cash flow (CFO − capex)	195	216	158	133	68.7

Net profit trend

annual, ₹ crore

FY21

₹72.4

FY22

₹110+52%

FY23

₹183+66%

FY24

₹222+22%

FY25

₹268+20%

FY26

₹256−4%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Standalone	13 Aug 2026	PDF XBRL
Q4 FY26	Standalone · audited	29 May 2026	PDF XBRL
Q3 FY26	Standalone	12 Feb 2026	PDF on NSE XBRL
Q2 FY26	Standalone	14 Nov 2025	PDF XBRL
Q1 FY26	Standalone	12 Aug 2025	PDF on NSE XBRL
Q4 FY25	Standalone · audited	31 May 2025	PDF on NSE XBRL
Q3 FY25	Standalone	14 Feb 2025	PDF on NSE XBRL
Q2 FY25	Standalone	12 Nov 2024	PDF on NSE XBRL
Q1 FY25	Standalone	12 Aug 2024	PDF on NSE XBRL
Q4 FY24	Standalone · audited	29 May 2024	PDF on NSE XBRL

Annual reports

NSE archive

FY262.60 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 45.7×50.0×

P/B5Y avg 17.23×21.71×

ROEFY26, on average equity41.8%

Net margin18.4%

Debt / equity0.00×

Revenue CAGR (3Y)6.6%

Profit CAGR (3Y)11.9%

EPS (TTM)₹84.74

Market cap₹13,365 Cr

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

P/B vs history

21.71×

vs 8-point avg 17.23× (+26%)

12.52× low17.23× avg21.71× high

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

Balance sheet 31 Mar 2026

Total assets₹999 Cr+7%

Net worth₹616 Cr+1%

Total borrowings₹0 Cr

Cash & bank balances₹158 Cr−25%

Investments₹0 Cr

Inventories₹215 Cr+24%

Trade receivables₹299 Cr−1%

Trade payables₹0 Cr−100%

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	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00
FII	1.28	1.30	1.16	1.31	1.45	1.88	2.31	1.53	1.62	1.60	1.43	1.31
DII	8.97	8.21	8.20	8.19	8.08	7.11	6.67	6.15	5.55	5.37	5.18	5.38
of which MF	8.62	7.92	7.92	7.91	7.79	–	–	–	–	–	–	–
Retail	12.28	12.25	12.21	12.62	12.69	12.94	12.72	12.19	12.50	12.76	13.10	13.11
Other public	2.47	3.24	3.43	2.88	2.78	3.07	3.30	5.13	5.33	5.27	5.29	5.20

37,829 shareholders · NSE shareholding pattern filings.