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Quarterly results

standalone · 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	2,598	2,258	2,266	2,255	2,160	2,039	1,929	1,877	1,745	1,719	1,724	1,729	1,690	1,772	1,838	1,718	1,188	1,123	908	667	784	727	549	277	753	819	862	831	793	824	763	676	644
Other income	30.4	29	29.4	28.9	38.7	46.4	46.3	51.1	40.2	44.6	48.1	43.7	39	33.6	32.2	26	22.7	21.8	22.6	18.6	17.2	20.4	18.4	24.5	27	28.6	23	20.3	23.8	20.4	18.2	15.3	17.4
Total expenses	2,369	2,109	2,024	2,026	1,761	1,746	1,697	1,555	1,401	1,407	1,346	1,318	1,233	1,448	1,643	1,522	1,030	1,070	655	410	515	456	372	241	555	603	629	593	612	618	572	495	502
EBITDA	343	260	352	338	485	378	314	399	418	394	449	479	521	390	256	253	215	103	302	304	316	317	221	80	244	259	273	277	214	239	221	211	176
EBITDA margin	13.2%	11.5%	15.5%	15.0%	22.5%	18.6%	16.3%	21.2%	24.0%	22.9%	26.0%	27.7%	30.8%	22.0%	13.9%	14.7%	18.1%	9.2%	33.2%	45.6%	40.3%	43.5%	40.3%	28.8%	32.4%	31.6%	31.7%	33.3%	27.0%	29.0%	29.0%	31.2%	27.4%
Finance costs	5.7	4.8	6.3	5	3.7	3.9	3.4	3.1	3.1	3.8	2.7	2.5	2.5	2.2	2.4	2.5	2.3	1.5	2	1.7	1.9	1.7	2	1.5	2.1	1.6	1.5	1.4	0.1	0.1	0.1	0.1	0.1
Depreciation	109	106	103	104	82.6	81.8	79.1	73.5	71.9	77.5	68.3	65.8	62	63.8	58.5	55.1	55.5	48.2	47.3	45.3	44.8	44.1	42.5	42.3	44	41.5	39.1	37.2	32.9	32.8	30.8	29.5	33.9
Profit before tax	259	178	272	258	438	339	278	373	384	357	426	454	496	357	227	221	180	75.2	275	276	287	291	195	60.7	225	244	256	259	205	227	209	197	160
Tax	65.4	46.6	69.8	64.6	113	86.9	52.9	90.3	99.2	92	109	116	127	88.5	55.3	57.3	48.6	18.4	70.8	71.6	73.8	74.1	50.7	15.5	58.1	58.3	−14.8	88.4	71.4	78.3	72.4	68.4	54.8
Net profit	194	132	202	193	324	252	225	283	285	265	317	339	368	269	172	164	132	56.8	204	204	213	217	144	45.3	167	186	271	170	133	148	136	128	105
Net margin	7.5%	5.8%	8.9%	8.6%	15.0%	12.4%	11.7%	15.1%	16.3%	15.4%	18.4%	19.6%	21.8%	15.2%	9.4%	9.5%	11.1%	5.1%	22.5%	30.6%	27.1%	29.9%	26.3%	16.3%	22.1%	22.7%	31.4%	20.5%	16.8%	18.0%	17.9%	19.0%	16.3%
EPS (₹)	19.61	13.35	20.45	51.93	32.83	25.53	22.82	28.63	28.80	26.83	32.11	34.27	37.30	27.21	17.42	16.60	13.34	5.75	20.68	20.66	21.54	21.99	14.61	4.58	16.87	18.84	27.40	17.23	13.51	15.02	13.80	12.99	10.61
Net profit YoY	−40.3%	−47.7%	−10.4%	−31.6%	+14.0%	−4.8%	−28.9%	−16.5%	−22.8%	−1.4%	+84.3%	+106.4%	–	+103.9%	+203.0%	−19.7%	−38.1%	−73.9%	+41.5%	+351.0%	+27.7%	+16.7%	−46.7%	−73.4%	+24.8%	+25.4%	+98.6%	+32.7%	+27.4%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	9,060	7,590	6,862	6,921	3,885	2,338	3,264	3,057	2,453
Other income	119	184	175	112	85.7	80.5	99	77.7	57.7
Total expenses	8,038	6,400	5,304	5,977	3,164	1,585	2,380	2,298	1,784
EBITDA	1,451	1,510	1,843	1,184	924	934	1,053	885	780
EBITDA margin	16.0%	19.9%	26.9%	17.1%	23.8%	40.0%	32.3%	29.0%	31.8%
Finance costs	20.6	13.4	11.5	9.4	7.5	7.2	6.5	0.3	0.1
Depreciation	409	306	274	231	196	174	162	126	111
Profit before tax	1,141	1,374	1,733	1,056	806	834	984	837	727
Tax	294	329	444	265	209	214	190	291	249
Net profit	847	1,045	1,289	790	597	620	794	546	478
Net margin	9.3%	13.8%	18.8%	11.4%	15.4%	26.5%	24.3%	17.9%	19.5%
EPS (₹)	85.73	105.78	130.50	79.98	60.43	62.72	80.33	55.31	48.38
Net profit YoY	−19.0%	−18.9%	+63.2%	+32.3%	−3.7%	−21.9%	+45.2%	+14.3%	–

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	1,147	1,368	1,563	969	904
Investing cash flow	−874	−1,113	−1,267	−649	−539
Financing cash flow	−368	−224	−312	−285	−310
Capital expenditure	1,062	1,075	771	713	649
Free cash flow (CFO − capex)	85.7	293	792	256	255

Net profit trend

annual, ₹ crore

FY21

₹620

FY22

₹597−4%

FY23

₹790+32%

FY24

₹1,289+63%

FY25

₹1,045−19%

FY26

₹847−19%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	30 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	30 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated	–	PDF on NSE XBRL
Q4 FY26	Consolidated	7 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone	7 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	7 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	7 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	29 Oct 2025	PDF on NSE XBRL
Q2 FY26	Standalone	–	PDF on NSE XBRL
Q2 FY26	Standalone	29 Oct 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16

Key ratios

P/E (TTM)5Y avg 11.7×14.7×

P/B5Y avg 2.32×1.64×

ROEFY26, on average equity13.7%

Net margin9.3%

Debt / equity0.00×

Revenue CAGR (3Y)9.4%

Profit CAGR (3Y)2.3%

EPS (TTM)₹72.99

Market cap₹10,582 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

1.64×

vs 8-point avg 2.32× (−29%)

1.42× low2.32× avg3.46× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹8,965 Cr+9%

Net worth₹6,434 Cr+9%

Total borrowings₹0 Cr

Cash & bank balances₹57 Cr−58%

Investments₹1,169 Cr−33%

Inventories₹63 Cr+28%

Trade receivables₹458 Cr+33%

Trade payables₹476 Cr+14%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	32.50	32.50	32.50	32.50	32.50	32.50	32.50	32.50	32.50	32.50	32.50	32.50
FII	23.21	24.14	24.89	23.60	25.48	23.76	25.75	34.20	31.49	30.55	30.85	30.51
DII	22.53	21.01	20.83	22.89	22.52	23.82	21.10	15.47	16.67	17.40	17.23	16.10
of which MF	11.18	8.82	9.35	11.19	10.86	–	–	–	–	–	–	–
Retail	9.98	10.43	10.09	9.32	7.99	8.09	8.70	6.51	7.84	8.03	7.98	9.26
Other public	11.78	11.92	11.69	11.69	11.51	11.83	11.95	11.32	11.50	11.52	11.44	11.63

1,78,033 shareholders · NSE shareholding pattern filings.