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 | 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 | 798 | 703 | 660 | 731 | 670 | 603 | 597 | 660 | 602 | 545 | 539 | 601 | 541 | 491 | 489 | 534 | 503 | 486 | 498 | 607 | 431 | 452 | 432 | 266 | 302 | 328 | 366 | 335 | 301 | 293 | 318 | 292 | 267 |
| Other income | 31.9 | 24 | 24.4 | 24.8 | 28.1 | 25.8 | 25.1 | 21.9 | 20.6 | 18.4 | 18.3 | 18.1 | 14.4 | 14.2 | 10.5 | 8.7 | 8.3 | 12 | 14.3 | 14.1 | 13.5 | 13.5 | 12.9 | 11.4 | 12 | 13.8 | 14.8 | 14.4 | 13.5 | 12.2 | 10.9 | 9.4 | 8.9 |
| Total expenses | 601 | 567 | 530 | 552 | 517 | 475 | 484 | 499 | 473 | 444 | 441 | 467 | 438 | 422 | 423 | 440 | 430 | 414 | 382 | 441 | 334 | 337 | 328 | 239 | 268 | 268 | 278 | 260 | 245 | 237 | 240 | 226 | 214 |
| EBITDA | 248 | 187 | 179 | 224 | 192 | 169 | 154 | 203 | 170 | 145 | 141 | 178 | 146 | 116 | 113 | 144 | 118 | 121 | 142 | 189 | 122 | 139 | 127 | 48.3 | 57.3 | 82.3 | 109 | 95.1 | 66.2 | 65.6 | 86.8 | 75 | 64 |
| EBITDA margin | 31.0% | 26.6% | 27.2% | 30.7% | 28.7% | 28.0% | 25.8% | 30.7% | 28.2% | 26.5% | 26.1% | 29.6% | 27.0% | 23.5% | 23.1% | 26.9% | 23.4% | 24.9% | 28.4% | 31.2% | 28.3% | 30.7% | 29.5% | 18.2% | 19.0% | 25.1% | 29.8% | 28.4% | 22.0% | 22.4% | 27.3% | 25.7% | 24.0% |
| Finance costs | 6.3 | 6.1 | 7.2 | 4.8 | 4.7 | 5 | 5.3 | 6 | 6 | 6.6 | 7 | 7.8 | 8 | 9 | 9.1 | 10.9 | 8.5 | 11.9 | 4.7 | 4.6 | 4.4 | 3.9 | 4 | 3.7 | 3.9 | 3.9 | 3.7 | 3.8 | 0.1 | 0.3 | 0.2 | 0.2 | 0.2 |
| Depreciation | 44.4 | 44.6 | 42.1 | 40.5 | 34.6 | 36.4 | 35.5 | 35.3 | 34.7 | 36.6 | 36 | 35.9 | 35.1 | 37.6 | 37.9 | 38.8 | 35.9 | 37.7 | 20.5 | 19.2 | 20.3 | 19.5 | 19.5 | 17.9 | 20 | 18.8 | 17.7 | 16.3 | 10.4 | 9.6 | 9.4 | 8.8 | 10.7 |
| Profit before tax | 229 | 160 | 124 | 204 | 181 | 153 | 138 | 183 | 150 | 120 | 116 | 152 | 118 | 83.2 | 76.5 | 103 | 81.4 | 83.5 | 131 | 179 | 111 | 129 | 117 | 38.1 | 45.4 | 73.4 | 102 | 89.4 | 69.2 | 67.9 | 88.1 | 75.4 | 62 |
| Tax | 58.2 | 27.9 | 32.9 | 51.4 | 47.1 | −2.1 | 40.2 | 52.3 | 42.1 | 34.1 | 33.7 | 41.5 | 33.9 | 26.3 | 22.9 | 30.4 | 23.2 | 21.4 | 34.3 | 45.6 | 25.7 | 33 | 29.5 | 9.7 | 12.8 | 18.5 | 21.3 | 30.3 | 21.8 | 21.8 | 30.7 | 25.7 | 21.8 |
| Net profit | 171 | 132 | 91.4 | 152 | 134 | 156 | 98.1 | 131 | 108 | 85.8 | 82.2 | 111 | 83.6 | 56.9 | 53.6 | 72.4 | 58.2 | 62.1 | 96.3 | 134 | 85.1 | 95.9 | 87.1 | 28.4 | 32.6 | 54.9 | 81 | 59.1 | 47.4 | 46.1 | 57.4 | 49.7 | 40.2 |
| Net margin | 21.4% | 18.8% | 13.9% | 20.8% | 20.0% | 25.8% | 16.4% | 19.8% | 17.9% | 15.7% | 15.3% | 18.4% | 15.5% | 11.6% | 11.0% | 13.6% | 11.6% | 12.8% | 19.3% | 22.0% | 19.7% | 21.2% | 20.2% | 10.7% | 10.8% | 16.7% | 22.2% | 17.6% | 15.7% | 15.8% | 18.1% | 17.0% | 15.1% |
| EPS (₹) | 10.15 | 7.86 | 5.42 | 18.05 | 15.88 | 18.57 | 11.60 | 15.52 | 12.79 | 10.13 | 9.77 | 13.16 | 9.95 | 6.84 | 6.37 | 8.64 | 6.97 | 7.41 | 11.49 | 15.87 | 10.10 | 11.44 | 10.34 | 3.45 | 3.94 | 6.56 | 9.77 | 7.14 | 5.72 | 5.56 | 6.92 | 6.00 | 4.88 |
| Net profit YoY | +27.2% | −15.0% | −6.8% | +16.4% | +24.3% | +81.2% | +19.3% | +18.2% | +28.9% | +50.8% | +53.4% | +52.9% | +43.6% | −8.4% | – | −24.8% | −56.5% | −27.0% | +10.6% | +370.8% | +161.0% | +74.7% | +7.5% | −51.9% | −31.2% | +19.1% | +41.1% | +18.9% | +17.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,763 | 2,461 | 2,227 | 2,017 | 2,087 | 1,581 | 1,330 | 1,203 | 1,057 |
| Other income | 101 | 93.4 | 69.2 | 41.7 | 52.5 | 51.3 | 55 | 46 | 31.2 |
| Total expenses | 2,165 | 1,930 | 1,790 | 1,715 | 1,665 | 1,238 | 1,075 | 949 | 827 |
| EBITDA | 783 | 696 | 609 | 490 | 561 | 436 | 344 | 294 | 264 |
| EBITDA margin | 28.3% | 28.3% | 27.4% | 24.3% | 26.9% | 27.6% | 25.8% | 24.4% | 25.0% |
| Finance costs | 22.8 | 22.3 | 29.4 | 37.5 | 30.2 | 16 | 15.3 | 0.8 | 0.8 |
| Depreciation | 162 | 142 | 144 | 150 | 108 | 77.2 | 72.8 | 38.2 | 33.1 |
| Profit before tax | 669 | 625 | 506 | 344 | 475 | 394 | 311 | 301 | 261 |
| Tax | 159 | 133 | 143 | 103 | 125 | 97.9 | 82.9 | 100 | 89.5 |
| Net profit | 510 | 492 | 362 | 241 | 350 | 297 | 228 | 201 | 172 |
| Net margin | 18.5% | 20.0% | 16.3% | 12.0% | 16.8% | 18.8% | 17.1% | 16.7% | 16.3% |
| EPS (₹) | 30.24 | 58.48 | 43.05 | 28.82 | 41.70 | 35.33 | 27.42 | 24.19 | 20.85 |
| Net profit YoY | +3.6% | +35.9% | +50.3% | −31.2% | +18.1% | +30.3% | +13.5% | +16.7% | – |
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 | 636 | 569 | 535 | 456 | 447 |
| Investing cash flow | −422 | −303 | −24.3 | −287 | −449 |
| Financing cash flow | −264 | −334 | −414 | −283 | 136 |
| Capital expenditure | 167 | 44.3 | 51.2 | 36.5 | 94.1 |
| Free cash flow (CFO − capex) | 469 | 525 | 484 | 420 | 353 |
Net profit trend
annual, ₹ croreFY21
₹297
FY22
₹350+18%
FY23
₹241−31%
FY24
₹362+50%
FY25
₹492+36%
FY26
₹510+4%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 24 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 24 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 30 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 30 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 31 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 31 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 31 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 31 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 50.3×59.9×
P/B5Y avg 11.01×13.05×
ROEFY26, on average equity21.8%
Net margin18.5%
Debt / equity0.00×
Revenue CAGR (3Y)11.1%
Profit CAGR (3Y)28.4%
EPS (TTM)₹32.60
Market cap₹32,721 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
13.05×
vs 8-point avg 11.01× (+18%)
8.77× low11.01× avg13.83× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,146 Cr+16%
Net worth₹2,508 Cr+15%
Total borrowings₹0 Cr
Cash & bank balances₹243 Cr−17%
Investments₹423 Cr+29%
Inventories₹44 Cr+22%
Trade receivables₹111 Cr+26%
Trade payables₹181 Cr−9%
Change vs the same date a year earlier.