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 | Q1 FY22 | Q4 FY21 | Q3 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 | 327 | 307 | 306 | 303 | 298 | 289 | 287 | 285 | 281 | 270 | 265 | 261 | 247 | 233 | 221 | 205 | 186 | 167 | 159 | 156 | 165 | 176 | 170 | 168 | 162 | 235 | 235 | 243 | 240 | 232 | 227 | 221 | 211 | 200 |
| Other income | 131 | 48.6 | 84.6 | 73.3 | 127 | 109 | 77.4 | 114 | 86.9 | 91.3 | 74.9 | 57.9 | 81.4 | 74.2 | 71.2 | 56.5 | −60 | 35.2 | 28.6 | 35.6 | 22.8 | 15.6 | 30.4 | 26.7 | 76.9 | 38.1 | 26.4 | 44.1 | 31.1 | 32.2 | 34.1 | 18.4 | 8.2 | 16.6 |
| Total expenses | 252 | 231 | 224 | 229 | 226 | 218 | 216 | 217 | 214 | 214 | 219 | 226 | 222 | 211 | 205 | 197 | 185 | 181 | 163 | 149 | 193 | 152 | 143 | 136 | 138 | 176 | 184 | 191 | 191 | 182 | 180 | 172 | 162 | 163 |
| EBITDA | 87.4 | 88.8 | 95.2 | 87.1 | 86.4 | 86.1 | 86.6 | 82.1 | 80.6 | 70.6 | 60.4 | 48.8 | 36.7 | 33.4 | 27.1 | 17 | 8.4 | −6 | 5.2 | 16 | −17.2 | 34.5 | 38.2 | 44.7 | 37.5 | 74.4 | 67.1 | 67.3 | 64.2 | 58.8 | 55.2 | 57.5 | 57.4 | 45.8 |
| EBITDA margin | 26.7% | 28.9% | 31.2% | 28.7% | 29.0% | 29.8% | 30.1% | 28.8% | 28.7% | 26.1% | 22.8% | 18.7% | 14.9% | 14.4% | 12.3% | 8.3% | 4.5% | -3.6% | 3.3% | 10.2% | -10.4% | 19.7% | 22.5% | 26.7% | 23.1% | 31.7% | 28.5% | 27.7% | 26.7% | 25.3% | 24.3% | 26.0% | 27.2% | 22.8% |
| Finance costs | 1.8 | 1.8 | 2 | 2.1 | 3.1 | 3.4 | 2.8 | 2.4 | 1.9 | 2.8 | 2.2 | 2.4 | 1.9 | 2.6 | 2.3 | 1.6 | 1.3 | 1.7 | 2.1 | 1.6 | 1.5 | 1.8 | 1.6 | 2.5 | 1.5 | 2.3 | 2.6 | 2.3 | 1.8 | 0.1 | 0 | 0 | 0 | 0 |
| Depreciation | 10.5 | 10.9 | 11.2 | 11.2 | 11.7 | 11.8 | 12 | 11.7 | 11.7 | 11.8 | 12.1 | 12.2 | 10 | 9 | 8.5 | 7.7 | 7 | 6.9 | 7.3 | 7.2 | 8.5 | 9.4 | 10.5 | 10.8 | 11.6 | 12.7 | 12.8 | 13 | 13.6 | 8.3 | 8.6 | 8.4 | 8.4 | 8.4 |
| Profit before tax | 207 | 125 | 146 | 147 | 199 | 180 | 149 | 182 | 154 | 147 | 121 | 92.1 | 106 | 95.9 | 87.6 | 64.3 | −59.8 | 20.6 | 24.4 | 42.8 | −4.4 | 38.9 | 56.4 | 58 | 101 | 97.5 | 78.1 | 96.2 | 79.9 | 82.7 | 80.7 | 67.4 | 57.3 | 54 |
| Tax | 40.4 | 24.7 | 27.7 | 27.6 | 39.3 | 21.9 | 17.9 | 27.5 | 12.7 | 31.7 | 28.9 | 20.3 | 22.7 | 12.2 | 12.4 | 12.1 | −11.5 | −1.6 | 5 | 9.9 | −0.9 | 5.4 | 6.5 | 10.7 | 18 | 21.5 | 16 | 19.2 | 22.6 | 20.2 | 23.4 | 19.1 | 18.7 | 15 |
| Net profit | 166 | 100 | 118 | 119 | 160 | 158 | 131 | 154 | 141 | 116 | 92 | 71.8 | 83.4 | 83.8 | 75.3 | 52.2 | −48.4 | 22.1 | 19.4 | 32.9 | −3.5 | 33.6 | 49.9 | 47.4 | 83.3 | 76.1 | 62 | 76.9 | 57.3 | 62.6 | 57.3 | 48.4 | 38.5 | 39 |
| Net margin | 50.8% | 32.5% | 38.6% | 39.4% | 53.6% | 54.5% | 45.7% | 54.1% | 50.3% | 42.8% | 34.7% | 27.5% | 33.8% | 36.0% | 34.0% | 25.4% | -26.1% | 13.3% | 12.2% | 21.1% | -2.1% | 19.1% | 29.5% | 28.3% | 51.3% | 32.4% | 26.3% | 31.7% | 23.8% | 26.9% | 25.3% | 21.9% | 18.2% | 19.4% |
| EPS (₹) | 19.54 | 11.76 | 16.35 | 14.04 | 18.77 | 18.53 | 15.44 | 18.12 | 16.60 | 13.60 | 10.82 | 8.44 | 9.84 | 9.94 | 8.93 | 6.19 | -5.75 | 2.65 | 2.32 | 4.73 | -0.57 | 5.43 | 8.08 | 7.41 | 12.84 | 11.70 | 9.55 | 11.86 | 8.84 | 9.62 | 8.50 | 7.18 | 5.72 | 5.78 |
| Net profit YoY | +4.1% | −36.5% | −10.2% | −22.5% | +13.1% | +36.3% | +42.7% | +114.6% | +69.3% | +38.0% | +22.2% | +37.5% | +272.5% | +278.5% | +288.0% | +58.6% | −1273.6% | −34.0% | −61.2% | −30.5% | −104.2% | −55.9% | −19.5% | −38.5% | +45.5% | +21.6% | +8.2% | +59.0% | +48.6% | +60.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,214 | 1,142 | 1,043 | 845 | 647 | 675 | 953 | 892 | 782 |
| Other income | 334 | 387 | 305 | 142 | 122 | 150 | 140 | 93 | 65.9 |
| Total expenses | 910 | 864 | 882 | 799 | 686 | 570 | 741 | 696 | 654 |
| EBITDA | 358 | 335 | 216 | 86 | −2.1 | 155 | 273 | 229 | 164 |
| EBITDA margin | 29.5% | 29.4% | 20.8% | 10.2% | -0.3% | 22.9% | 28.6% | 25.7% | 21.0% |
| Finance costs | 9.1 | 10.5 | 9.3 | 7.7 | 6.8 | 7.4 | 8.9 | 0.1 | 0 |
| Depreciation | 45 | 47.3 | 46.2 | 32.2 | 29.9 | 42.3 | 52.1 | 33.7 | 36.4 |
| Profit before tax | 616 | 664 | 466 | 188 | 83.4 | 255 | 352 | 288 | 194 |
| Tax | 119 | 80 | 104 | 25.1 | 12.5 | 40.5 | 79.3 | 81.3 | 50.7 |
| Net profit | 497 | 584 | 363 | 163 | 70.9 | 214 | 272 | 207 | 143 |
| Net margin | 40.9% | 51.2% | 34.8% | 19.3% | 11.0% | 31.7% | 28.6% | 23.2% | 18.3% |
| EPS (₹) | 58.44 | 68.70 | 42.71 | 19.34 | 9.51 | 33.92 | 42.00 | 30.95 | 20.97 |
| Net profit YoY | −14.9% | +61.0% | +122.7% | +129.7% | −66.9% | −21.3% | +31.7% | +44.4% | – |
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 | 269 | 311 | 259 | 179 | 39.2 |
| Investing cash flow | −242 | −290 | −230 | −163 | −2,187 |
| Financing cash flow | −30.7 | −28.8 | −27.2 | −23.1 | 2,109 |
| Capital expenditure | 4.2 | 5.2 | 11 | 17.8 | 11.8 |
| Free cash flow (CFO − capex) | 265 | 306 | 248 | 161 | 27.5 |
Net profit trend
annual, ₹ croreFY21
₹214
FY22
₹70.9−67%
FY23
₹163+130%
FY24
₹363+123%
FY25
₹584+61%
FY26
₹497−15%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 10 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 13 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 15 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone | 18 Apr 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 11 Jan 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 11 Oct 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 16 Jul 2024 | PDF on NSE XBRL |
| Q4 FY24 | Consolidated | 18 Apr 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 17.5×11.4×
P/B5Y avg 1.52×1.12×
ROEFY26, on average equity10.2%
Net margin40.9%
Debt / equity0.00×
Revenue CAGR (3Y)12.8%
Profit CAGR (3Y)45.0%
EPS (TTM)₹59.22
Market cap₹5,716 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.12×
vs 8-point avg 1.52× (−26%)
0.82× low1.52× avg2.27× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹6,044 Cr+9%
Net worth₹5,106 Cr+11%
Total borrowings₹0 Cr
Cash & bank balances₹7 Cr−35%
Investments₹5,644 Cr+14%
Inventories₹0 Cr
Trade receivables₹0 Cr
Trade payables₹17 Cr+13%
Change vs the same date a year earlier.