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 | Q3 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 | 450 | 425 | 406 | 429 | 386 | 345 | 323 | 350 | 313 | 331 | 291 | 309 | 277 | 283 | 285 | 300 | 280 | 306 | 293 | 303 | 327 | 292 | 275 | 288 | 143 | 207 | 223 | 223 | 203 | 0 |
| Other income | 5.1 | 8.2 | 9 | 0.9 | 7.5 | 7 | 2.6 | 3.1 | 2.5 | 2.5 | 2.3 | 1.2 | 3.1 | 1.2 | 6.6 | 4.3 | 3 | 5.7 | 2.6 | 5.6 | 3.8 | 2.1 | 3.7 | 3.1 | 3.2 | 3.1 | 2.2 | 2 | 1.5 | 0 |
| Total expenses | 378 | 363 | 349 | 359 | 332 | 316 | 283 | 292 | 265 | 283 | 257 | 262 | 241 | 242 | 244 | 250 | 240 | 255 | 240 | 230 | 243 | 212 | 201 | 210 | 143 | 169 | 172 | 172 | 158 | 0 |
| EBITDA | 111 | 108 | 94.8 | 108 | 89.8 | 62.3 | 72 | 89.9 | 78.8 | 80 | 64.8 | 74.8 | 62.9 | 70.3 | 70.5 | 79 | 68.5 | 74.8 | 75.3 | 90.2 | 102 | 96.4 | 86.6 | 90.9 | 12.1 | 51.4 | 63.6 | 62.6 | 55 | 0 |
| EBITDA margin | 24.7% | 25.4% | 23.4% | 25.2% | 23.2% | 18.0% | 22.3% | 25.7% | 25.2% | 24.2% | 22.3% | 24.2% | 22.7% | 24.9% | 24.7% | 26.3% | 24.5% | 24.5% | 25.7% | 29.8% | 31.3% | 33.0% | 31.5% | 31.5% | 8.5% | 24.8% | 28.5% | 28.0% | 27.1% | – |
| Finance costs | 6.2 | 7.9 | 5.7 | 5.7 | 5.2 | 4.6 | 4.5 | 4.8 | 4.7 | 5.6 | 5.3 | 5.7 | 6 | 6.2 | 6.1 | 7 | 7.5 | 6.1 | 5 | 3.1 | 5.6 | 2.7 | 1.6 | 1.5 | 1.9 | 2.3 | 2.4 | 1.9 | 1.8 | 0 |
| Depreciation | 32.4 | 38.6 | 31.9 | 32.4 | 30.8 | 28.6 | 27.7 | 26.8 | 25.5 | 26.4 | 25 | 22.2 | 20.8 | 23.4 | 23 | 21.6 | 21.2 | 18 | 16.9 | 15 | 13.3 | 14.1 | 11 | 11 | 9.9 | 11.1 | 10.6 | 9.3 | 8.3 | 0 |
| Profit before tax | 77.7 | 69.8 | 57.2 | 71 | 61.2 | 36 | 42.3 | 61.4 | 51.1 | 50.5 | 36.9 | 48.1 | 39.2 | 41.9 | 48 | 54.8 | 42.8 | 56.5 | 56.1 | 77.7 | 103 | 81.7 | 77.8 | 81.4 | 3.5 | 23.4 | 52.8 | 53.4 | 39.7 | 0 |
| Tax | 20.8 | 18.8 | 15.1 | 18.1 | 16 | 6.8 | 10.9 | 14.7 | 13 | 14 | 9.6 | 12.5 | 10.2 | 8.4 | 12.1 | 14.3 | 9.3 | 16.3 | 14.9 | 19.3 | 28.2 | 20.3 | 19.1 | 20.9 | 0.6 | 7.9 | 10.8 | 10.1 | 12.4 | 0 |
| Net profit | 56.9 | 51 | 42.1 | 52.9 | 45.2 | 29.2 | 31.5 | 46.7 | 38.1 | 36.5 | 27.3 | 35.7 | 29 | 33.5 | 35.9 | 40.5 | 33.6 | 40.1 | 41.2 | 58.4 | 74.9 | 61.3 | 58.6 | 60.5 | 2.9 | 15.5 | 42 | 43.1 | 26.9 | 0 |
| Net margin | 12.6% | 12.0% | 10.4% | 12.3% | 11.7% | 8.5% | 9.8% | 13.4% | 12.2% | 11.0% | 9.4% | 11.6% | 10.5% | 11.9% | 12.6% | 13.5% | 12.0% | 13.1% | 14.1% | 19.3% | 22.9% | 21.0% | 21.3% | 21.0% | 2.0% | 7.5% | 18.9% | 19.3% | 13.2% | – |
| EPS (₹) | 2.73 | 2.46 | 7.99 | 10.17 | 8.70 | 5.69 | 6.11 | 9.08 | 7.41 | 7.11 | 5.30 | 6.92 | 5.62 | 6.51 | 6.99 | 7.88 | 6.53 | 7.81 | 8.02 | 11.39 | 14.65 | 12.05 | 11.50 | 11.88 | 0.57 | 3.09 | 8.38 | 8.57 | 5.34 | 0.00 |
| Net profit YoY | +25.7% | +74.3% | +33.7% | +13.3% | +18.7% | −20.0% | +15.3% | +31.0% | +31.5% | +9.1% | −23.9% | −11.9% | −13.7% | −16.6% | −13.0% | −30.7% | −55.2% | −34.5% | −29.7% | −3.5% | +2502.6% | +295.8% | +39.6% | +40.3% | −89.3% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,646 | 1,331 | 1,208 | 1,148 | 1,228 | 998 | 856 | 761 |
| Other income | 25.6 | 15.1 | 9.1 | 15.2 | 17.6 | 12 | 8.6 | 8.2 |
| Total expenses | 1,403 | 1,155 | 1,042 | 976 | 969 | 766 | 671 | 581 |
| EBITDA | 401 | 303 | 283 | 288 | 343 | 286 | 233 | 200 |
| EBITDA margin | 24.4% | 22.8% | 23.4% | 25.1% | 27.9% | 28.7% | 27.2% | 26.3% |
| Finance costs | 24.5 | 18.6 | 22.5 | 26.8 | 19.7 | 7.8 | 8.3 | 0.5 |
| Depreciation | 134 | 109 | 94.5 | 89.2 | 63.2 | 45.9 | 39.3 | 20.1 |
| Profit before tax | 259 | 191 | 175 | 188 | 293 | 244 | 169 | 187 |
| Tax | 68 | 45.3 | 46.2 | 44.1 | 78.7 | 61 | 41.2 | 62.9 |
| Net profit | 191 | 146 | 128 | 143 | 215 | 183 | 128 | 124 |
| Net margin | 11.6% | 10.9% | 10.6% | 12.5% | 17.5% | 18.4% | 14.9% | 16.2% |
| EPS (₹) | 9.19 | 28.29 | 24.95 | 27.91 | 41.87 | 35.97 | 25.36 | 24.06 |
| Net profit YoY | +31.4% | +13.3% | −10.4% | −33.2% | +17.1% | +43.7% | +3.2% | – |
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 | 351 | 263 | 264 | 247 | 253 |
| Investing cash flow | −223 | −201 | −89.4 | 46.8 | −735 |
| Financing cash flow | −115 | −86.6 | −181 | −292 | 163 |
| Capital expenditure | 43.5 | 43.4 | 63.8 | 52.6 | 30.7 |
| Free cash flow (CFO − capex) | 307 | 219 | 200 | 194 | 223 |
Net profit trend
annual, ₹ croreFY21
₹183
FY22
₹215+17%
FY23
₹143−33%
FY24
₹128−10%
FY25
₹146+13%
FY26
₹191+31%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 4 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 4 Aug 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 | 4 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 4 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 4 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 4 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 54.4×59.6×
P/B5Y avg 7.42×7.98×
ROEFY26, on average equity13.4%
Net margin11.6%
Debt / equity0.01×
Revenue CAGR (3Y)12.8%
Profit CAGR (3Y)10.1%
EPS (TTM)₹9.78
Market cap₹12,079 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
7.98×
vs 8-point avg 7.42× (+8%)
5.95× low7.42× avg9.60× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,138 Cr+14%
Net worth₹1,513 Cr+14%
Total borrowings₹19 Cr+32%
Cash & bank balances₹55 Cr+39%
Investments₹142 Cr+101%
Inventories₹45 Cr−5%
Trade receivables₹170 Cr+15%
Trade payables₹129 Cr+3%
Change vs the same date a year earlier.