Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q4 FY21
| ₹ 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 | Q2 FY22 | Q1 FY22 | Q4 FY21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 8,261 | 7,336 | 6,661 | 13,287 | 6,915 | 6,723 | 6,763 | 6,900 | 6,766 | 6,474 | 6,745 | 6,767 | 6,679 | 6,236 | 6,218 | 5,810 | 5,932 | 4,690 | 4,584 | 4,455 |
| Other income | 130 | −7.4 | 57.9 | 2.9 | 2.9 | 1 | 3 | 0.5 | 0.4 | 4.4 | 0 | 0 | 1.9 | 36.3 | 3.9 | 0.6 | 1.1 | 0 | 0 | 0 |
| Total expenses | 6,464 | 5,644 | 4,917 | 9,767 | 5,173 | 5,042 | 5,136 | 5,288 | 5,189 | 4,761 | 5,141 | 5,218 | 5,124 | 4,945 | 4,589 | 4,096 | 4,440 | 3,189 | 3,082 | 2,972 |
| EBITDA | 8,219 | 7,218 | 6,558 | 13,191 | 6,869 | 6,679 | 6,724 | 6,862 | 6,733 | 6,439 | 6,710 | 6,734 | 6,650 | 6,189 | 6,188 | 5,776 | 5,849 | 4,662 | 4,579 | 4,404 |
| EBITDA margin | 99.5% | 98.4% | 98.4% | 99.3% | 99.3% | 99.3% | 99.4% | 99.5% | 99.5% | 99.5% | 99.5% | 99.5% | 99.6% | 99.2% | 99.5% | 99.4% | 98.6% | 99.4% | 99.9% | 98.9% |
| Finance costs | 6,421 | 5,524 | 4,812 | 9,669 | 5,124 | 4,996 | 5,095 | 5,249 | 5,155 | 4,725 | 5,104 | 5,181 | 5,091 | 4,895 | 4,554 | 4,059 | 4,353 | 3,157 | 3,073 | 2,918 |
| Depreciation | 1.2 | 1.9 | 1.4 | 2.7 | 1.3 | 1.3 | 1.3 | 1.1 | 1.6 | 1.7 | 1.3 | 2.2 | 4.2 | 3.3 | 3.7 | 3.5 | 4.7 | 3.1 | 3.1 | 4.1 |
| Profit before tax | 1,927 | 1,684 | 1,802 | 3,523 | 1,746 | 1,682 | 1,631 | 1,613 | 1,577 | 1,717 | 1,604 | 1,550 | 1,557 | 1,328 | 1,633 | 1,714 | 1,493 | 1,501 | 1,502 | 1,483 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 |
| Net profit | 1,927 | 1,684 | 1,802 | 3,523 | 1,746 | 1,682 | 1,631 | 1,613 | 1,577 | 1,717 | 1,604 | 1,550 | 1,557 | 1,328 | 1,633 | 1,714 | 1,492 | 1,501 | 1,502 | 1,483 |
| Net margin | 23.3% | 23.0% | 27.1% | 26.5% | 25.2% | 25.0% | 24.1% | 23.4% | 23.3% | 26.5% | 23.8% | 22.9% | 23.3% | 21.3% | 26.3% | 29.5% | 25.2% | 32.0% | 32.8% | 33.3% |
| EPS (₹) | 1.47 | 1.29 | 1.38 | 2.70 | 1.34 | 1.29 | 1.25 | 1.23 | 1.21 | 1.32 | 1.23 | 1.20 | 1.20 | 1.02 | 1.25 | 1.31 | 1.14 | 1.15 | 1.15 | 1.23 |
| Net profit YoY | +10.4% | +0.1% | +10.5% | +118.4% | +10.7% | −2.1% | +1.6% | +4.1% | +1.3% | +29.3% | −1.8% | −9.6% | – | −11.0% | – | +14.2% | +0.7% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 27,285 | 27,152 | 26,645 | 23,892 | 20,299 | 15,770 |
| Other income | 53.4 | 4.3 | 10.6 | 40.8 | 2.3 | 0.4 |
| Total expenses | 20,329 | 20,654 | 20,244 | 17,596 | 14,211 | 11,355 |
| EBITDA | 26,967 | 26,998 | 26,512 | 23,757 | 20,177 | 15,657 |
| EBITDA margin | 98.8% | 99.4% | 99.5% | 99.4% | 99.4% | 99.3% |
| Finance costs | 20,005 | 20,495 | 20,101 | 17,447 | 14,075 | 11,237 |
| Depreciation | 6.1 | 5.3 | 9.4 | 14.1 | 14 | 4.4 |
| Profit before tax | 7,009 | 6,502 | 6,412 | 6,337 | 6,090 | 4,416 |
| Tax | 0 | 0 | 0 | 0 | 0.3 | 0 |
| Net profit | 7,009 | 6,502 | 6,412 | 6,337 | 6,090 | 4,416 |
| Net margin | 25.7% | 23.9% | 24.1% | 26.5% | 30.0% | 28.0% |
| EPS (₹) | 5.36 | 4.98 | 4.91 | 4.85 | 4.66 | 3.66 |
| Net profit YoY | +7.8% | +1.4% | +1.2% | +4.1% | +37.9% | – |
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 | −27,026 | 8,230 | 7,914 | −28,584 | −64,412 |
| Investing cash flow | −2.6 | −0.1 | −7.5 | 0.1 | −4.7 |
| Financing cash flow | 21,560 | −2,572 | −8,046 | 28,643 | 64,266 |
| Capital expenditure | 13.4 | 0.8 | 8.3 | 0.8 | 6.6 |
| Free cash flow (CFO − capex) | −27,040 | 8,229 | 7,906 | −28,585 | −64,419 |
Net profit trend
annual, ₹ croreFY21
₹4,416
FY22
₹6,090+38%
FY23
₹6,337+4%
FY24
₹6,412+1%
FY25
₹6,502+1%
FY26
₹7,009+8%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 30 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 14 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 19 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 15 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 22 Jul 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 28 Apr 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 20 Jan 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 4 Nov 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 16.1×11.7×
P/B5Y avg 2.41×1.84×
ROEFY26, on average equity12.8%
Net margin25.7%
Debt / equity3.06×
Revenue CAGR (3Y)4.5%
Profit CAGR (3Y)3.4%
EPS (TTM)₹6.84
Market cap₹1.04L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.84×
vs 10-point avg 2.41× (−24%)
0.64× low2.41× avg4.03× high
History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹5.17L Cr+6%
Net worth₹56,749 Cr+8%
Total borrowings₹1.74L Cr+6%
Cash & bank balances₹211 Cr−96%
Investments₹28 Cr−26%
Inventories₹0 Cr
Trade receivables₹0 Cr
Change vs the same date a year earlier.