Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY24
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 7,354 | 6,020 | 5,058 | 3,651 | 2,384 | 1,193 | 1,675 | 1,364 | 2,417 | 1,554 | 1,911 | 1,091 | 1,966 |
| Other income | 128 | 11.2 | 97.2 | 55.5 | 28.2 | 19.3 | 18 | 105 | 5.8 | 8.1 | 13.1 | 19.9 | 11.9 |
| Total expenses | 5,110 | 3,866 | 3,637 | 2,951 | 1,635 | 968 | 1,169 | 1,046 | 1,719 | 1,115 | 1,479 | 816 | 1,438 |
| EBITDA | 2,781 | 2,545 | 1,759 | 1,043 | 794 | 261 | 536 | 339 | 719 | 458 | 448 | 286 | 536 |
| EBITDA margin | 37.8% | 42.3% | 34.8% | 28.6% | 33.3% | 21.9% | 32.0% | 24.9% | 29.7% | 29.5% | 23.4% | 26.2% | 27.3% |
| Finance costs | 276 | 168 | 152 | 176 | 14.6 | 13.4 | 8.3 | 3.6 | 1.9 | 2.3 | 1.9 | 1 | 0.5 |
| Depreciation | 262 | 224 | 186 | 167 | 30.7 | 22.3 | 22.1 | 17.7 | 18.7 | 16.5 | 14.7 | 10.2 | 7.6 |
| Profit before tax | 2,373 | 2,165 | 1,519 | 756 | 777 | 245 | 524 | 424 | 704 | 448 | 444 | 295 | 540 |
| Tax | 671 | 657 | 427 | 189 | 135 | 42.7 | 135 | 122 | 146 | 171 | 113 | 63.8 | 136 |
| Net profit | 1,734 | 1,530 | 1,090 | 567 | 642 | 202 | 389 | 301 | 557 | 277 | 332 | 231 | 403 |
| Net margin | 23.6% | 25.4% | 21.5% | 15.5% | 26.9% | 16.9% | 23.2% | 22.1% | 23.1% | 17.8% | 17.4% | 21.2% | 20.5% |
| EPS (₹) | 30.68 | 26.77 | 19.87 | 11.04 | 12.12 | 3.91 | 7.55 | 5.88 | 11.06 | 5.49 | 6.57 | 4.58 | 7.99 |
| Net profit YoY | +170.2% | +657.9% | +179.9% | +88.3% | +15.1% | −27.1% | +17.4% | +30.3% | +38.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 17,113 | 6,721 | 6,522 |
| Other income | 194 | 51.2 | 52.9 |
| Total expenses | 12,090 | 4,877 | 4,848 |
| EBITDA | 6,140 | 1,953 | 1,728 |
| EBITDA margin | 35.9% | 29.1% | 26.5% |
| Finance costs | 510 | 27.2 | 5.7 |
| Depreciation | 607 | 80.8 | 49 |
| Profit before tax | 5,216 | 1,896 | 1,727 |
| Tax | 1,408 | 446 | 484 |
| Net profit | 3,829 | 1,450 | 1,243 |
| Net margin | 22.4% | 21.6% | 19.1% |
| EPS (₹) | 69.42 | 28.01 | 24.62 |
| Net profit YoY | +164.1% | +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 |
|---|---|---|---|
| Operating cash flow | 2,921 | 1,205 | 1,701 |
| Investing cash flow | −10,543 | −3,976 | −1,725 |
| Financing cash flow | 8,633 | 2,808 | −0.6 |
| Capital expenditure | 9,962 | 3,696 | 1,721 |
| Free cash flow (CFO − capex) | −7,040 | −2,490 | −19.7 |
Net profit trend
annual, ₹ croreFY24
₹1,243
FY25
₹1,450+17%
FY26
₹3,829+164%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 5 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 5 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 3 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 3 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)21.0×
P/B7.46×
ROEFY26, on average equity37.8%
Net margin22.4%
Debt / equity1.47×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹87.44
Market cap₹1.03L 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₹41,650 Cr+342%
Net worth₹13,871 Cr+117%
Total borrowings₹20,380 Cr+2597%
Cash & bank balances₹2,122 Cr+5211%
Investments₹666 Cr+787%
Inventories₹2,660 Cr+516%
Trade receivables₹1,481 Cr+764%
Trade payables₹2,664 Cr+7244%
Change vs the same date a year earlier.
Revenue mix FY26
a) Mining48.3%result ₹3,083 Cr
c) MDO Operation and related Services30.8%result ₹1,303 Cr
b) Steel and related value added products20.8%result ₹1,348 Cr
d) Other0.0%result ₹−6.5 Cr
Segment revenue as reported, before inter-segment eliminations.