Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY20
| ₹ 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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 11,279 | 11,337 | 10,518 | 10,893 | 10,207 | 10,198 | 9,907 | 9,777 | 9,430 | 9,454 | 9,127 | 9,797 | 10,184 | 9,765 | 6,350 | 6,564 | 5,670 | 5,027 | 4,033 | 3,914 | 3,585 | 3,314 | 1,376 | 3,094 | 3,302 | 3,291 |
| Other income | 118 | 90.7 | 102 | 89.7 | 68.9 | 94 | 99.1 | 47.1 | 50.7 | 55 | 39 | 31.9 | 43.2 | 37.9 | 22.1 | 19.3 | 12.4 | 14.5 | 9.6 | 12.7 | 7.4 | 11 | 9.8 | 13.2 | 9 | 7.1 |
| Total expenses | 10,363 | 10,270 | 9,507 | 9,921 | 9,307 | 9,556 | 9,116 | 8,990 | 8,595 | 8,805 | 8,250 | 8,937 | 9,247 | 8,846 | 5,964 | 5,864 | 5,028 | 4,428 | 3,587 | 3,546 | 3,333 | 3,202 | 1,549 | 3,124 | 3,255 | 3,228 |
| EBITDA | 1,364 | 1,494 | 1,413 | 1,374 | 1,296 | 1,033 | 1,193 | 1,187 | 1,210 | 1,035 | 1,259 | 1,238 | 1,225 | 1,184 | 560 | 863 | 828 | 774 | 625 | 561 | 473 | 343 | 64 | 222 | 300 | 318 |
| EBITDA margin | 12.1% | 13.2% | 13.4% | 12.6% | 12.7% | 10.1% | 12.0% | 12.1% | 12.8% | 11.0% | 13.8% | 12.6% | 12.0% | 12.1% | 8.8% | 13.1% | 14.6% | 15.4% | 15.5% | 14.3% | 13.2% | 10.4% | 4.7% | 7.2% | 9.1% | 9.7% |
| Finance costs | 146 | 149 | 134 | 141 | 144 | 150 | 161 | 159 | 143 | 153 | 146 | 156 | 99.6 | 82.9 | 80.4 | 71.7 | 93.2 | 82.3 | 85.1 | 96.8 | 121 | 128 | 134 | 148 | 144 | 147 |
| Depreciation | 302 | 278 | 269 | 262 | 252 | 241 | 242 | 241 | 232 | 233 | 236 | 222 | 188 | 181 | 94.3 | 91.6 | 93 | 92.6 | 94.1 | 96.6 | 101 | 103 | 103 | 104 | 109 | 108 |
| Profit before tax | 1,034 | 1,112 | 1,082 | 1,078 | 969 | 729 | 890 | 834 | 886 | 702 | 917 | 993 | 981 | 957 | 408 | 719 | 654 | 614 | 456 | 434 | 267 | 149 | −148 | −67.9 | 80.3 | 77 |
| Tax | 265 | 278 | 255 | 271 | 254 | 139 | 236 | 225 | 240 | 201 | 226 | 229 | 243 | 241 | 109 | −31.1 | 212 | 202 | 150 | 141 | 103 | 68.4 | −42.6 | −6.5 | 26.2 | 35.4 |
| Net profit | 769 | 834 | 828 | 808 | 715 | 590 | 654 | 609 | 646 | 501 | 691 | 764 | 738 | 716 | 299 | 750 | 442 | 412 | 306 | 293 | 170 | 80.6 | −124 | −66.2 | 51.7 | 39.5 |
| Net margin | 6.8% | 7.4% | 7.9% | 7.4% | 7.0% | 5.8% | 6.6% | 6.2% | 6.9% | 5.3% | 7.6% | 7.8% | 7.2% | 7.3% | 4.7% | 11.4% | 7.8% | 8.2% | 7.6% | 7.5% | 4.7% | 2.4% | -9.0% | -2.1% | 1.6% | 1.2% |
| EPS (₹) | 9.34 | 10.24 | 10.06 | 9.80 | 8.67 | 7.18 | 7.95 | 7.42 | 7.87 | 6.08 | 8.41 | 9.40 | 9.06 | 9.30 | 5.98 | 14.67 | 8.66 | 8.27 | 6.21 | 5.93 | 3.49 | 1.68 | -2.50 | -1.33 | 1.06 | 0.79 |
| Net profit YoY | +7.6% | +41.4% | +26.5% | +32.6% | +10.6% | +17.8% | −5.3% | −20.2% | −12.4% | −30.1% | +131.5% | – | – | −4.5% | −32.4% | +156.3% | +159.6% | +410.4% | +346.7% | +542.0% | +229.3% | +104.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 42,955 | 39,312 | 38,562 | 35,697 | 21,223 | 12,188 | 12,951 |
| Other income | 351 | 291 | 169 | 126 | 55.8 | 40.9 | 39.9 |
| Total expenses | 39,006 | 36,257 | 35,238 | 33,049 | 18,837 | 11,642 | 12,822 |
| EBITDA | 5,577 | 4,623 | 4,757 | 3,696 | 3,090 | 1,429 | 1,139 |
| EBITDA margin | 13.0% | 11.8% | 12.3% | 10.4% | 14.6% | 11.7% | 8.8% |
| Finance costs | 568 | 612 | 554 | 325 | 332 | 480 | 586 |
| Depreciation | 1,060 | 956 | 879 | 724 | 371 | 403 | 425 |
| Profit before tax | 4,242 | 3,339 | 3,592 | 2,774 | 2,442 | 690 | 173 |
| Tax | 1,058 | 839 | 899 | 690 | 533 | 270 | 92.6 |
| Net profit | 3,185 | 2,500 | 2,693 | 2,084 | 1,909 | 419 | 72.6 |
| Net margin | 7.4% | 6.4% | 7.0% | 5.8% | 9.0% | 3.4% | 0.6% |
| EPS (₹) | 38.76 | 30.42 | 32.95 | 25.68 | 37.81 | 8.60 | 1.48 |
| Net profit YoY | +27.4% | −7.2% | +29.3% | +9.2% | +355.1% | +477.6% | – |
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 | 3,395 | 4,718 | 4,818 | 3,096 | 1,083 |
| Investing cash flow | −3,506 | −3,439 | −3,340 | −2,482 | −783 |
| Financing cash flow | −112 | −1,882 | −829 | −386 | −163 |
| Capital expenditure | 2,658 | 1,885 | 1,475 | 1,656 | 765 |
| Free cash flow (CFO − capex) | 737 | 2,833 | 3,343 | 1,440 | 318 |
Net profit trend
annual, ₹ croreFY21
₹419
FY22
₹1,909+355%
FY23
₹2,084+9%
FY24
₹2,693+29%
FY25
₹2,500−7%
FY26
₹3,185+27%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 3 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 3 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 4 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 4 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 21 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 21 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 10 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 6 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 6 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)19.0×
P/B3.12×
ROEFY26, on average equity17.5%
Net margin7.4%
Debt / equity0.37×
Revenue CAGR (3Y)6.4%
Profit CAGR (3Y)15.2%
EPS (TTM)₹39.31
Market cap₹61,652 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹40,704 Cr+13%
Net worth₹19,791 Cr+19%
Total borrowings₹7,342 Cr+17%
Cash & bank balances₹415 Cr−34%
Investments₹367 Cr+10%
Inventories₹9,508 Cr−2%
Trade receivables₹3,086 Cr−1%
Trade payables₹8,266 Cr−10%
Change vs the same date a year earlier.