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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	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	Q4 FY18
Revenue from operations	47,364	51,180	45,991	45,152	43,147	44,819	41,378	39,684	42,943	46,269	41,940	44,584	42,213	46,962	39,134	41,778	46,895	38,071	32,503	28,902	26,934	21,859	19,264	11,782	17,887	18,055	17,572	19,812	22,368	20,318	21,552	20,817
Other income	724	341	273	284	350	230	147	153	164	242	194	237	331	465	188	188	233	154	946	198	161	147	152	132	122	127	156	141	53	37	56	45
Total expenses	41,830	46,862	44,161	43,004	40,325	43,032	40,250	38,644	41,715	44,401	38,815	40,801	39,030	43,170	38,288	43,354	41,282	31,986	24,261	20,804	20,752	18,120	16,958	12,504	17,056	17,719	17,025	18,164	20,058	17,916	18,583	17,275
EBITDA	9,383	8,634	6,496	7,115	7,576	6,378	5,579	5,437	5,510	6,124	7,180	7,886	7,046	7,939	4,547	1,752	9,184	9,132	10,417	10,274	8,440	5,946	4,414	1,341	2,975	2,451	2,731	3,716	4,440	4,501	4,906	5,290
EBITDA margin	19.8%	16.9%	14.1%	15.8%	17.6%	14.2%	13.5%	13.7%	12.8%	13.2%	17.1%	17.7%	16.7%	16.9%	11.6%	4.2%	19.6%	24.0%	32.0%	35.5%	31.3%	27.2%	22.9%	11.4%	16.6%	13.6%	15.5%	18.8%	19.8%	22.2%	22.8%	25.4%
Finance costs	1,712	2,168	2,304	2,413	2,217	2,094	2,115	2,130	2,073	2,062	1,996	2,084	1,963	2,138	1,819	1,523	1,756	1,283	936	993	1,005	977	959	1,016	1,036	1,060	1,127	1,042	1,046	1,021	963	883
Depreciation	2,137	2,148	2,362	2,554	2,537	2,497	2,336	2,267	2,209	2,194	2,059	2,019	1,900	2,009	1,882	1,805	1,815	1,764	1,239	1,183	1,253	1,230	1,149	1,047	1,108	1,055	1,057	1,026	1,084	1,078	974	865
Profit before tax	6,258	22,547	1,574	2,432	3,172	1,973	1,172	851	1,392	2,110	3,319	4,609	3,514	4,257	1,034	−797	5,105	6,239	9,188	8,296	6,260	3,886	2,458	−590	148	463	703	1,789	2,363	2,439	3,025	3,587
Tax	1,464	3,134	−953	698	863	229	459	385	513	690	853	1,812	1,052	508	504	62	1,731	1,745	2,612	2,719	2,081	1,212	910	−61	−69	249	−1,848	762	835	820	936	715
Net profit	4,696	19,243	2,410	1,646	2,209	1,501	719	404	867	1,322	2,450	2,773	2,428	3,741	474	−915	3,343	4,516	7,179	5,900	4,191	2,669	1,595	−582	188	187	2,536	1,008	1,495	1,603	2,087	2,879
Net margin	9.9%	37.6%	5.2%	3.6%	5.1%	3.3%	1.7%	1.0%	2.0%	2.9%	5.8%	6.2%	5.8%	8.0%	1.2%	-2.2%	7.1%	11.9%	22.1%	20.4%	15.6%	12.2%	8.3%	-4.9%	1.1%	1.0%	14.4%	5.1%	6.7%	7.9%	9.7%	13.8%
EPS (₹)	19.05	67.07	8.76	6.66	8.95	6.15	2.94	1.80	3.47	5.33	9.92	11.38	9.72	15.24	2.04	-3.53	13.47	18.14	29.79	24.53	17.45	11.15	6.63	-2.34	0.96	0.88	10.66	4.28	6.35	6.76	8.83	12.45
Net profit YoY	+112.6%	+1182.0%	+235.2%	+307.4%	+154.8%	+13.5%	−70.7%	−85.4%	−64.3%	−64.7%	+416.9%	+403.1%	–	+11.9%	−89.5%	−112.7%	−20.2%	+69.2%	+350.1%	+1113.7%	+2129.3%	+1327.3%	−37.1%	−157.7%	−87.4%	−88.3%	+21.5%	–	−48.1%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	1,85,470	1,68,824	1,75,006	1,65,960	1,46,371	79,839	73,326	84,757	71,503
Other income	1,248	694	1,004	1,030	1,531	592	546	204	167
Total expenses	1,74,352	1,63,641	1,63,047	1,61,789	1,18,333	68,334	69,964	73,763	63,797
EBITDA	29,821	22,904	28,236	18,547	39,007	20,141	11,873	18,952	14,794
EBITDA margin	16.1%	13.6%	16.1%	11.2%	26.6%	25.2%	16.2%	22.4%	20.7%
Finance costs	9,102	8,412	8,105	6,902	4,968	3,957	4,265	3,917	3,701
Depreciation	9,601	9,309	8,172	7,474	6,001	4,679	4,246	4,041	3,387
Profit before tax	29,725	5,388	13,552	5,792	28,828	12,014	3,103	11,198	7,609
Tax	3,742	1,586	4,407	1,516	8,807	4,142	−906	3,644	1,538
Net profit	25,508	3,491	8,973	4,139	20,938	7,873	3,919	7,524	6,113
Net margin	13.8%	2.1%	5.1%	2.5%	14.3%	9.9%	5.3%	8.9%	8.5%
EPS (₹)	91.43	14.36	36.34	17.25	85.96	32.91	16.78	31.77	25.85
Net profit YoY	+630.7%	−61.1%	+116.8%	−80.2%	+165.9%	+100.9%	−47.9%	+23.1%	–

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	25,152	20,899	12,078	23,323	26,270
Investing cash flow	18,602	−16,997	−14,638	−10,711	−14,745
Financing cash flow	−16,111	−262	−4,827	−5,977	−14,657
Capital expenditure	14,654	12,694	15,801	14,324	10,091
Free cash flow (CFO − capex)	10,498	8,205	−3,723	8,999	16,179

Net profit trend

annual, ₹ crore

FY21

₹7,873

FY22

₹20,938+166%

FY23

₹4,139−80%

FY24

₹8,973+117%

FY25

₹3,491−61%

FY26

₹25,508+631%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	17 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	17 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	14 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	14 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	23 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	23 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 archive

FY2627.35 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 37.0×11.1×

P/B5Y avg 2.84×3.11×

ROEFY26, on average equity28.4%

Net margin13.8%

Debt / equity0.95×

Revenue CAGR (3Y)3.8%

Profit CAGR (3Y)83.3%

EPS (TTM)₹114.73

Market cap₹3.12L Cr

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

P/B vs history

3.11×

vs 8-point avg 2.84× (+10%)

2.49× low2.84× avg3.36× high

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

Balance sheet 31 Mar 2026

Total assets₹2.7L Cr+12%

Net worth₹1L Cr+26%

Total borrowings₹95,532 Cr−0%

Cash & bank balances₹39,256 Cr+237%

Investments₹5,641 Cr−51%

Inventories₹32,765 Cr−6%

Trade receivables₹11,260 Cr+34%

Trade payables₹14,666 Cr−55%

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	44.29	45.32	45.32	45.32	45.31	44.84	44.85	44.84	44.81	44.81	44.81	44.80
FII	25.92	25.38	25.38	25.55	25.43	25.78	25.59	25.66	25.52	26.06	26.33	26.13
DII	11.49	11.15	11.05	10.87	10.92	10.52	10.59	10.54	10.53	9.82	9.48	9.51
of which MF	5.89	5.33	5.09	4.69	4.25	–	–	–	–	–	–	–
Retail	7.15	7.13	7.12	7.08	7.04	7.11	7.17	7.14	7.14	7.31	7.22	7.40
Other public	10.96	10.83	10.94	11.06	11.06	11.55	11.58	11.58	11.67	11.64	11.76	11.73

6,10,616 shareholders · NSE shareholding pattern filings.