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 | Q3 FY19 | Q2 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,946 | 4,223 | 4,223 | 4,011 | 3,869 | 3,759 | 3,674 | 3,622 | 3,639 | 3,698 | 3,688 | 3,898 | 3,718 | 3,632 | 3,613 | 3,757 | 3,643 | 3,312 | 3,076 | 2,987 | 2,608 | 2,927 | 2,769 | 2,275 | 1,131 | 1,795 | 2,200 | 2,155 | 2,575 | 2,731 | 2,494 | 2,284 |
| Other income | 9.4 | 9.4 | 12.3 | 14.3 | 21.6 | 21.3 | 20.7 | 21.6 | 15.7 | 15.6 | 12.6 | 7.8 | 8.3 | 12.5 | 9.7 | 7.8 | 6.6 | 7.7 | 7.9 | 10.9 | 10 | 17.4 | 6.7 | 11.7 | 7.3 | 8.3 | 7.3 | 6.7 | 6.1 | 11 | 54.5 | 113 |
| Total expenses | 3,913 | 3,910 | 3,877 | 3,714 | 3,695 | 3,633 | 3,596 | 3,434 | 3,364 | 3,438 | 3,355 | 3,526 | 3,489 | 3,487 | 3,496 | 3,668 | 3,558 | 3,281 | 3,002 | 2,898 | 2,533 | 2,674 | 2,473 | 2,140 | 1,362 | 1,824 | 2,185 | 2,090 | 2,565 | 2,676 | 2,438 | 2,147 |
| EBITDA | 258 | 537 | 571 | 521 | 402 | 363 | 314 | 421 | 500 | 481 | 550 | 589 | 457 | 376 | 339 | 297 | 285 | 228 | 273 | 292 | 280 | 455 | 500 | 355 | −3.8 | 207 | 244 | 296 | 240 | 265 | 262 | 329 |
| EBITDA margin | 6.5% | 12.7% | 13.5% | 13.0% | 10.4% | 9.7% | 8.6% | 11.6% | 13.7% | 13.0% | 14.9% | 15.1% | 12.3% | 10.4% | 9.4% | 7.9% | 7.8% | 6.9% | 8.9% | 9.8% | 10.7% | 15.5% | 18.1% | 15.6% | -0.3% | 11.6% | 11.1% | 13.8% | 9.3% | 9.7% | 10.5% | 14.4% |
| Finance costs | 99.1 | 101 | 106 | 108 | 115 | 121 | 123 | 120 | 112 | 109 | 107 | 109 | 122 | 125 | 121 | 109 | 99.1 | 101 | 104 | 106 | 108 | 105 | 107 | 123 | 131 | 135 | 136 | 140 | 139 | 131 | 128 | 115 |
| Depreciation | 126 | 123 | 119 | 116 | 114 | 117 | 114 | 113 | 113 | 112 | 111 | 108 | 106 | 106 | 102 | 99.2 | 101 | 96.1 | 95.9 | 97.1 | 96.2 | 95.7 | 97.8 | 96.5 | 96.7 | 102 | 92.8 | 91.6 | 91.2 | 79.6 | 79.1 | 76.9 |
| Profit before tax | 53.8 | 277 | 254 | 304 | 208 | 144 | 80.4 | 199 | 290 | 252 | 341 | 377 | 242 | 168 | 113 | 73.6 | 57.1 | 44.4 | 88.2 | 102 | 74.7 | 281 | 343 | 167 | −257 | −82.4 | 23.3 | 21.6 | 20.7 | 45 | 68.2 | 250 |
| Tax | 11.1 | 88.8 | 45 | 81.5 | 53.2 | 41.5 | 23 | 54.5 | 78.6 | 76.8 | 114 | 127 | 82.4 | 55.3 | 43.2 | 24.7 | 23.2 | 5.9 | 34.4 | 37.6 | 30.8 | 84.5 | 112 | 58.5 | −54.4 | −35.5 | 11.7 | −147 | 5 | 20.3 | 19.9 | 90.3 |
| Net profit | 44.1 | 178 | 208 | 227 | 163 | 98.7 | 52.6 | 140 | 218 | 172 | 227 | 249 | 159 | 112 | 66.8 | 49.6 | 35.1 | 38.2 | 53.9 | 65 | 44.1 | 195 | 230 | 110 | −204 | −52.8 | 10.3 | 168 | 16.1 | 26.9 | 45.8 | 159 |
| Net margin | 1.1% | 4.2% | 4.9% | 5.7% | 4.2% | 2.6% | 1.4% | 3.9% | 6.0% | 4.6% | 6.2% | 6.4% | 4.3% | 3.1% | 1.8% | 1.3% | 1.0% | 1.2% | 1.8% | 2.2% | 1.7% | 6.7% | 8.3% | 4.8% | -18.1% | -2.9% | 0.5% | 7.8% | 0.6% | 1.0% | 1.8% | 7.0% |
| EPS (₹) | 1.55 | 6.25 | 7.29 | 8.08 | 6.03 | 3.54 | 1.88 | 4.93 | 7.72 | 6.18 | 8.47 | 9.33 | 5.93 | 4.37 | 2.66 | 2.08 | 1.51 | 1.63 | 2.31 | 2.70 | 1.88 | 7.68 | 9.10 | 4.26 | -8.08 | -1.92 | 0.44 | 6.91 | 0.69 | 1.18 | 2.29 | 6.41 |
| Net profit YoY | −73.0% | +80.4% | +294.9% | +62.3% | −25.2% | −42.5% | −76.8% | −43.8% | +37.7% | +53.9% | +240.2% | +401.1% | +351.4% | +191.9% | +23.8% | −23.6% | −20.4% | −80.4% | −76.6% | −40.8% | +121.6% | +469.4% | +2144.0% | −34.6% | −1366.6% | – | −61.8% | +266.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 16,327 | 14,693 | 15,002 | 14,645 | 11,983 | 9,102 | 8,725 | 8,397 |
| Other income | 57.6 | 79.3 | 44.4 | 36.5 | 36.6 | 43.1 | 28.4 | 146 |
| Total expenses | 15,196 | 14,027 | 13,808 | 14,209 | 11,714 | 8,648 | 8,664 | 8,425 |
| EBITDA | 2,031 | 1,599 | 2,078 | 1,298 | 1,073 | 1,306 | 988 | 737 |
| EBITDA margin | 12.4% | 10.9% | 13.8% | 8.9% | 9.0% | 14.4% | 11.3% | 8.8% |
| Finance costs | 428 | 476 | 447 | 455 | 419 | 466 | 549 | 466 |
| Depreciation | 472 | 456 | 437 | 407 | 385 | 387 | 378 | 299 |
| Profit before tax | 1,043 | 713 | 1,211 | 411 | 309 | 534 | −16.8 | 107 |
| Tax | 269 | 198 | 399 | 147 | 109 | 201 | −166 | 43.9 |
| Net profit | 776 | 509 | 806 | 263 | 201 | 331 | 141 | 63.3 |
| Net margin | 4.8% | 3.5% | 5.4% | 1.8% | 1.7% | 3.6% | 1.6% | 0.8% |
| EPS (₹) | 27.24 | 18.07 | 29.84 | 10.64 | 8.53 | 12.97 | 6.12 | 2.91 |
| Net profit YoY | +52.3% | −36.8% | +206.4% | +30.7% | −39.2% | +134.2% | – | – |
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 | 1,444 | 716 | 1,614 | 1,224 | 346 |
| Investing cash flow | −627 | −455 | −1,208 | −400 | −245 |
| Financing cash flow | −783 | −237 | −413 | −747 | −96.2 |
| Capital expenditure | 1,424 | 639 | 774 | 463 | 314 |
| Free cash flow (CFO − capex) | 19.9 | 77 | 840 | 761 | 31.8 |
Net profit trend
annual, ₹ croreFY21
₹331
FY22
₹201−39%
FY23
₹263+31%
FY24
₹806+206%
FY25
₹509−37%
FY26
₹776+52%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 27 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 27 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 8 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 0.5×0.5×
P/B5Y avg 0.07×0.06×
ROEFY26, on average equity14.2%
Net margin4.8%
Debt / equity0.78×
Revenue CAGR (3Y)3.7%
Profit CAGR (3Y)43.4%
EPS (TTM)₹656.64
Market cap₹346 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.06×
vs 8-point avg 0.07× (−17%)
0.05× low0.07× avg0.10× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹15,996 Cr+10%
Net worth₹6,061 Cr+25%
Total borrowings₹4,746 Cr−1%
Cash & bank balances₹237 Cr+27%
Investments₹50 Cr−16%
Inventories₹2,663 Cr+5%
Trade receivables₹3,211 Cr+13%
Trade payables₹2,162 Cr+14%
Change vs the same date a year earlier.
Revenue mix FY26
India87.2%result ₹1,542 Cr
Mexico12.8%result ₹75.6 Cr
Others0.0%result ₹−0.4 Cr
Segment revenue as reported, before inter-segment eliminations.