Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY19
| ₹ 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 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,105 | 1,415 | 1,116 | 1,028 | 979 | 1,281 | 1,144 | 1,036 | 1,031 | 1,224 | 965 | 913 | 900 | 1,125 | 958 | 864 | 784 | 954 | 751 | 627 | 859 | 761 | 642 | 455 | 787 | 895 | 721 | 733 | 0 |
| Other income | 14.8 | 27.1 | 19.1 | 15.1 | 15.9 | 25.5 | 16.8 | 14.3 | 15.3 | 36.3 | 14.5 | 2.3 | 5.5 | 13.1 | 4.1 | 4 | 7.3 | 3.5 | 2.8 | 16.9 | 21.4 | 11.6 | 7.9 | 13 | 6.8 | 3.8 | 10.2 | 16.8 | 0 |
| Total expenses | 1,025 | 1,270 | 1,008 | 950 | 896 | 1,121 | 1,008 | 921 | 946 | 1,061 | 867 | 843 | 815 | 1,006 | 838 | 826 | 767 | 885 | 738 | 626 | 795 | 691 | 615 | 487 | 751 | 825 | 723 | 754 | 0 |
| EBITDA | 116 | 182 | 142 | 108 | 112 | 190 | 166 | 142 | 112 | 191 | 124 | 94.8 | 110 | 145 | 149 | 62.6 | 40.8 | 94.8 | 35.9 | 25.5 | 89.2 | 95.3 | 56.6 | −0.6 | 70.1 | 102 | 26.1 | 8.9 | 0 |
| EBITDA margin | 10.5% | 12.9% | 12.7% | 10.5% | 11.4% | 14.8% | 14.5% | 13.7% | 10.8% | 15.6% | 12.8% | 10.4% | 12.2% | 12.9% | 15.6% | 7.2% | 5.2% | 9.9% | 4.8% | 4.1% | 10.4% | 12.5% | 8.8% | -0.1% | 8.9% | 11.4% | 3.6% | 1.2% | – |
| Finance costs | 8.1 | 8.8 | 8.6 | 6.5 | 6.2 | 5.8 | 7.6 | 5.6 | 5.8 | 7.6 | 5 | 5.7 | 7.5 | 7.9 | 12.2 | 8 | 7.3 | 8.1 | 7.3 | 8.2 | 8.7 | 8.3 | 13.1 | 14.1 | 11.4 | 14 | 13.3 | 13.4 | 0 |
| Depreciation | 27.4 | 28.2 | 25.2 | 23.9 | 22.8 | 23.6 | 22.5 | 22 | 21.3 | 20.7 | 20.7 | 18.9 | 18.1 | 18.1 | 17.6 | 16.6 | 16.3 | 17.4 | 15.4 | 16.4 | 16.8 | 17.1 | 16.7 | 17.4 | 23 | 17.6 | 14.8 | 15.8 | 0 |
| Profit before tax | 95.1 | 147 | 112 | 95.9 | 98.3 | 184 | 146 | 129 | 99.9 | 199 | 114 | 72.5 | 94.9 | 132 | 119 | 42 | 24.5 | 72.8 | 16 | 17.8 | 85.1 | 81.5 | 34.7 | −19.1 | 42.5 | 74.1 | 8.2 | −3.5 | 0 |
| Tax | 28.4 | 42.2 | −7.5 | 28.5 | 27.8 | 60.2 | 32.7 | 33.6 | 29.2 | 56.2 | 31.1 | 24.8 | 28.9 | 41.5 | 30.2 | 12 | 9.3 | 25.8 | 12.2 | 7.1 | 7 | 12.5 | 10.8 | −2 | 20.9 | 13.1 | 15.6 | 3.4 | 0 |
| Net profit | 67.6 | 112 | 125 | 72.2 | 67.5 | 138 | 119 | 96.7 | 65.6 | 153 | 82.4 | 50.9 | 63.6 | 101 | 88.9 | 30.7 | 15.5 | 54.6 | 6.1 | 11.8 | 82.9 | 70.4 | 25.7 | −18.3 | 23 | 62 | −7.2 | −5.9 | 0 |
| Net margin | 6.1% | 7.9% | 11.2% | 7.0% | 6.9% | 10.8% | 10.4% | 9.3% | 6.4% | 12.5% | 8.5% | 5.6% | 7.1% | 9.0% | 9.3% | 3.6% | 2.0% | 5.7% | 0.8% | 1.9% | 9.7% | 9.3% | 4.0% | -4.0% | 2.9% | 6.9% | -1.0% | -0.8% | – |
| EPS (₹) | 8.39 | 14.04 | 15.65 | 8.94 | 8.40 | 17.27 | 14.76 | 12.06 | 8.20 | 19.16 | 10.31 | 6.35 | 8.02 | 12.62 | 11.16 | 3.87 | 1.94 | 6.86 | 0.76 | 1.52 | 10.44 | 8.88 | 3.24 | -2.27 | 2.90 | 7.81 | -0.93 | -0.72 | 0.00 |
| Net profit YoY | +0.1% | −18.7% | +5.8% | −25.3% | +2.9% | −9.8% | +43.8% | +90.0% | +3.1% | +51.7% | −7.3% | +65.8% | +310.3% | +84.4% | – | +403.3% | +31.4% | −34.1% | −76.3% | +164.5% | +260.4% | +13.5% | +456.9% | −210.2% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,538 | 4,492 | 4,001 | 3,730 | 3,058 | 2,717 | 3,135 | 3,349 |
| Other income | 77.2 | 71.9 | 58.6 | 27.3 | 32.4 | 53.8 | 37.6 | 23.7 |
| Total expenses | 4,124 | 3,997 | 3,586 | 3,435 | 2,955 | 2,588 | 3,052 | 3,332 |
| EBITDA | 544 | 609 | 520 | 399 | 206 | 241 | 207 | 128 |
| EBITDA margin | 12.0% | 13.6% | 13.0% | 10.7% | 6.7% | 8.9% | 6.6% | 3.8% |
| Finance costs | 30.1 | 24.8 | 25.8 | 35.4 | 33.5 | 44.2 | 52.1 | 47 |
| Depreciation | 100 | 89.4 | 78.4 | 68.6 | 69.5 | 68 | 71.2 | 63.8 |
| Profit before tax | 452 | 559 | 481 | 318 | 136 | 182 | 121 | 40.6 |
| Tax | 91 | 156 | 141 | 93 | 54 | 28.2 | 53 | 45.8 |
| Net profit | 377 | 419 | 350 | 236 | 94.3 | 161 | 71.9 | 3.1 |
| Net margin | 8.3% | 9.3% | 8.7% | 6.3% | 3.1% | 5.9% | 2.3% | 0.1% |
| EPS (₹) | 47.05 | 52.29 | 43.84 | 29.59 | 11.88 | 20.29 | 9.05 | 0.44 |
| Net profit YoY | −9.9% | +19.7% | +48.3% | +150.1% | −41.3% | +123.5% | +2219.4% | – |
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 | 334 | 386 | 376 | 329 | 143 |
| Investing cash flow | −209 | −240 | −189 | −75.6 | −86.9 |
| Financing cash flow | −43.9 | −91.9 | −147 | −169 | 29.8 |
| Capital expenditure | 135 | 89.6 | 130 | 133 | 82 |
| Free cash flow (CFO − capex) | 199 | 296 | 246 | 196 | 60.7 |
Net profit trend
annual, ₹ croreFY21
₹161
FY22
₹94.3−41%
FY23
₹236+150%
FY24
₹350+48%
FY25
₹419+20%
FY26
₹377−10%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 31 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 13 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 13 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 5 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 5 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 3 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 3 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 1 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 1 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 24.9×37.3×
P/B5Y avg 4.99×5.72×
ROEFY26, on average equity16.6%
Net margin8.3%
Debt / equity0.08×
Revenue CAGR (3Y)6.8%
Profit CAGR (3Y)17.0%
EPS (TTM)₹47.46
Market cap₹14,087 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.72×
vs 8-point avg 4.99× (+15%)
2.29× low4.99× avg7.95× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹4,407 Cr+20%
Net worth₹2,464 Cr+18%
Total borrowings₹187 Cr+43%
Cash & bank balances₹401 Cr+24%
Investments₹634 Cr+25%
Inventories₹872 Cr+2%
Trade receivables₹663 Cr+35%
Trade payables₹784 Cr+30%
Change vs the same date a year earlier.