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 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 8,277 | 7,475 | 7,168 | 7,048 | 6,268 | 5,667 | 5,768 | 5,673 | 5,600 | 4,961 | 5,197 | 5,039 | 4,814 | 4,430 | 4,322 | 4,146 | 3,883 | 4,161 | 4,091 | 4,270 | 3,783 | 4,017 | 3,835 | 3,528 | 3,846 | 3,769 | 4,360 | 4,418 | 4,326 | 4,505 | 3,951 | 3,856 | 3,978 |
| Other income | 130 | 141 | 115 | 90 | 79 | 57 | 53.7 | 42.3 | 67.8 | 29.3 | 29.4 | 40.4 | 22.8 | 37.3 | 18 | 14.9 | 15.7 | 34.1 | 72.8 | 27.8 | 58.2 | 21.2 | 25 | 43.3 | 209 | 93.6 | 133 | 72.2 | 167 | 43.4 | 231 | 184 | 200 |
| Total expenses | 6,390 | 5,556 | 5,334 | 5,131 | 4,932 | 4,828 | 4,750 | 4,660 | 4,675 | 4,492 | 4,491 | 4,449 | 4,278 | 4,209 | 4,094 | 3,951 | 3,984 | 4,028 | 6,369 | 3,548 | 3,323 | 3,514 | 3,500 | 3,299 | 3,642 | 3,682 | 4,037 | 3,961 | 3,900 | 4,112 | 3,741 | 3,657 | 3,656 |
| EBITDA | 2,450 | 2,486 | 2,262 | 2,341 | 1,727 | 1,321 | 1,356 | 1,340 | 1,241 | 997 | 1,038 | 918 | 856 | 578 | 533 | 453 | 268 | 370 | −1,324 | 965 | 708 | 779 | 581 | 488 | 525 | 429 | 731 | 860 | 792 | 753 | 550 | 527 | 653 |
| EBITDA margin | 29.6% | 33.3% | 31.6% | 33.2% | 27.6% | 23.3% | 23.5% | 23.6% | 22.2% | 20.1% | 20.0% | 18.2% | 17.8% | 13.0% | 12.3% | 10.9% | 6.9% | 8.9% | -32.4% | 22.6% | 18.7% | 19.4% | 15.2% | 13.8% | 13.7% | 11.4% | 16.8% | 19.5% | 18.3% | 16.7% | 13.9% | 13.7% | 16.4% |
| Finance costs | 110 | 120 | 115 | 108 | 91.8 | 89.1 | 66.9 | 70.9 | 68 | 71.3 | 74 | 80.6 | 85.7 | 92.6 | 84.1 | 54.9 | 41.5 | 33.4 | 34.4 | 33.5 | 31.8 | 30.9 | 33.6 | 44.3 | 107 | 88.6 | 86.5 | 85.6 | 85.5 | 79.8 | 73.8 | 68.7 | 58.5 |
| Depreciation | 453 | 447 | 313 | 317 | 299 | 393 | 271 | 257 | 248 | 457 | 257 | 248 | 235 | 264 | 220 | 203 | 327 | 203 | 919 | 209 | 216 | 244 | 213 | 215 | 214 | 253 | 321 | 317 | 281 | 280 | 265 | 259 | 273 |
| Profit before tax | 2,017 | 1,928 | 1,522 | 2,007 | 1,416 | 896 | 1,071 | 1,055 | 993 | 498 | 736 | 630 | 559 | 259 | 246 | 210 | −85.2 | 167 | −2,205 | 750 | 518 | 525 | 360 | 272 | 495 | −108 | −90.1 | 530 | 596 | 94.2 | 441 | 383 | −942 |
| Tax | 600 | 459 | 342 | 522 | 194 | 113 | 212 | 195 | 187 | 129 | 117 | 134 | 105 | 16.1 | 88.5 | 75.1 | 427 | −382 | −110 | 202 | 54 | 83.5 | 147 | 164 | 105 | 767 | 34.3 | 228 | 300 | 248 | 173 | 181 | −163 |
| Net profit | 1,417 | 1,469 | 1,181 | 1,485 | 1,221 | 782 | 859 | 859 | 806 | 368 | 619 | 495 | 453 | 242 | 158 | 134 | −512 | 549 | −2,095 | 548 | 464 | 441 | 214 | 109 | 391 | −840 | −123 | 303 | 296 | −152 | 268 | 203 | −778 |
| Net margin | 17.1% | 19.6% | 16.5% | 21.1% | 19.5% | 13.8% | 14.9% | 15.2% | 14.4% | 7.4% | 11.9% | 9.8% | 9.4% | 5.5% | 3.6% | 3.2% | -13.2% | 13.2% | -51.2% | 12.8% | 12.3% | 11.0% | 5.6% | 3.1% | 10.2% | -22.3% | -2.8% | 6.9% | 6.9% | -3.4% | 6.8% | 5.3% | -19.5% |
| EPS (₹) | 30.95 | 31.96 | 25.74 | 32.36 | 26.70 | 16.93 | 18.75 | 18.70 | 17.58 | 7.89 | 13.47 | 10.76 | 9.94 | 5.19 | 3.38 | 2.85 | -11.40 | 12.01 | -46.22 | 11.96 | 10.24 | 9.74 | 4.71 | 2.40 | 8.64 | -19.30 | -2.81 | 6.70 | 6.35 | -3.36 | 5.88 | 4.48 | 7.93 |
| Net profit YoY | +16.0% | +87.7% | +37.5% | +72.8% | +51.6% | +112.5% | +38.8% | +73.5% | +77.7% | +51.9% | +292.5% | +268.3% | – | +147.4% | −71.3% | +106.4% | −210.2% | +24.4% | −1081.2% | +404.3% | +18.7% | +152.5% | +273.0% | −64.1% | +32.0% | −451.6% | −146.0% | +49.1% | +138.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 27,958 | 22,708 | 20,011 | 16,642 | 16,405 | 15,163 | 15,375 | 16,369 | 15,560 |
| Other income | 424 | 196 | 120 | 73.4 | 142 | 136 | 484 | 713 | 395 |
| Total expenses | 20,952 | 18,889 | 17,709 | 15,999 | 17,920 | 13,624 | 14,353 | 15,229 | 13,947 |
| EBITDA | 8,816 | 5,283 | 3,811 | 1,798 | 287 | 2,567 | 2,355 | 2,533 | 2,903 |
| EBITDA margin | 31.5% | 23.3% | 19.0% | 10.8% | 1.8% | 16.9% | 15.3% | 15.5% | 18.7% |
| Finance costs | 434 | 295 | 312 | 274 | 143 | 141 | 363 | 308 | 204 |
| Depreciation | 1,376 | 1,169 | 1,197 | 881 | 1,659 | 887 | 970 | 1,085 | 1,086 |
| Profit before tax | 6,873 | 4,015 | 2,422 | 716 | −1,373 | 1,675 | 753 | 1,517 | 543 |
| Tax | 1,517 | 709 | 487 | 269 | 137 | 449 | 1,157 | 902 | 288 |
| Net profit | 5,355 | 3,306 | 1,936 | 448 | −1,509 | 1,228 | −270 | 615 | 258 |
| Net margin | 19.2% | 14.6% | 9.7% | 2.7% | -9.2% | 8.1% | -1.8% | 3.8% | 1.7% |
| EPS (₹) | 116.75 | 71.95 | 42.05 | 9.46 | -33.65 | 27.09 | -8.83 | 20.93 | 30.83 |
| Net profit YoY | +62.0% | +70.8% | +332.3% | +129.7% | −222.9% | +555.2% | −143.8% | +138.2% | – |
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 | 7,546 | 430 | 3,490 | 1,934 | 1,082 |
| Investing cash flow | −4,076 | −1,602 | −1,554 | −1,324 | 577 |
| Financing cash flow | −846 | 1,732 | −2,184 | −337 | −1,572 |
| Capital expenditure | 2,055 | 1,682 | 929 | 1,500 | 905 |
| Free cash flow (CFO − capex) | 5,491 | −1,252 | 2,562 | 435 | 177 |
Net profit trend
annual, ₹ croreFY21
₹1,228
FY22
₹−1,509−223%
FY23
₹448+130%
FY24
₹1,936+332%
FY25
₹3,306+71%
FY26
₹5,355+62%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 6 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 6 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 7 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 8 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 6 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 5 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 5 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 38.1×17.2×
P/B5Y avg 4.40×4.26×
ROEFY26, on average equity27.0%
Net margin19.2%
Debt / equity0.26×
Revenue CAGR (3Y)18.9%
Profit CAGR (3Y)128.7%
EPS (TTM)₹121.41
Market cap₹95,646 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.26×
vs 8-point avg 4.40× (−3%)
2.38× low4.40× avg6.40× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹38,365 Cr+31%
Net worth₹22,448 Cr+30%
Total borrowings₹5,910 Cr+16%
Cash & bank balances₹4,168 Cr+170%
Investments₹3,641 Cr+225%
Inventories₹6,083 Cr+11%
Trade receivables₹6,604 Cr+20%
Trade payables₹4,173 Cr+41%
Change vs the same date a year earlier.
Revenue mix FY26
Pharmaceuticals99.5%result ₹7,050 Cr
Others0.5%result ₹−178 Cr
Segment revenue as reported, before inter-segment eliminations.