Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY20
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 239 | 553 | 276 | 210 | 170 | 411 | 238 | 262 | 163 | 405 | 252 | 227 | 188 | 345 | 231 | 181 | 115 | 323 | 234 | 188 | 114 | 346 | 190 | 164 | 113 | 204 |
| Other income | 10 | 14.4 | 7.6 | 8.9 | 7.1 | 7.6 | 7 | 8.5 | 7.8 | 8.1 | 6.2 | 7.6 | 8 | 12.1 | 8.9 | 9.4 | 7.4 | 15.7 | 5.3 | 2.1 | 8.2 | 8 | 4.4 | 3.9 | 3.5 | 14.2 |
| Total expenses | 226 | 460 | 244 | 200 | 159 | 341 | 209 | 237 | 162 | 349 | 239 | 214 | 169 | 266 | 187 | 141 | 98.9 | 229 | 181 | 145 | 97.2 | 252 | 114 | 123 | 117 | 162 |
| EBITDA | 36.6 | 116 | 54.6 | 32.8 | 34.2 | 93.3 | 52.4 | 49 | 23.3 | 80.4 | 35.9 | 36.3 | 41.5 | 100 | 65.7 | 58.7 | 33 | 122 | 63 | 51.9 | 25.5 | 103 | 86.4 | 49.9 | 5.8 | 50.1 |
| EBITDA margin | 15.3% | 21.0% | 19.8% | 15.6% | 20.0% | 22.7% | 22.0% | 18.7% | 14.3% | 19.8% | 14.2% | 16.0% | 22.1% | 29.1% | 28.4% | 32.4% | 28.7% | 37.7% | 26.9% | 27.6% | 22.4% | 29.8% | 45.5% | 30.5% | 5.1% | 24.6% |
| Finance costs | 6.1 | 6.8 | 6.3 | 5.8 | 6.2 | 7.4 | 7.3 | 7.9 | 6.8 | 8.4 | 8.7 | 8.8 | 8.6 | 8.1 | 7.2 | 5.9 | 4.6 | 15 | 3.1 | 1.6 | 1.8 | 2.7 | 3.4 | 2.7 | 3.1 | 2 |
| Depreciation | 16.6 | 16.7 | 16.9 | 16.8 | 16.1 | 16.4 | 16.2 | 15.7 | 15.3 | 15.5 | 14.5 | 14.4 | 14.2 | 13.7 | 13.6 | 13.4 | 12.4 | 12.1 | 7 | 7 | 6.9 | 6.8 | 6.8 | 6.7 | 6.6 | 6.6 |
| Profit before tax | 23.9 | 107 | 39 | 19.1 | 19 | 77.2 | 36 | 33.9 | 9 | 64.7 | 18.9 | 20.6 | 26.7 | 90.5 | 53.8 | 48.9 | 23.4 | 110 | 58.3 | 45.3 | 25.1 | 102 | 80.7 | 44.3 | −0.4 | 55.7 |
| Tax | 7.6 | 29.2 | 11.5 | 6.4 | 6.2 | 21 | 10.7 | 10.4 | 3.9 | 18.3 | 6.4 | 6.8 | 8.2 | 24.3 | 15.3 | 15.3 | 5.7 | 29.5 | 15.4 | 11.7 | 6.3 | 26.9 | 20.6 | 11.8 | 0.5 | 15.3 |
| Net profit | 16.5 | 77.9 | 27.6 | 13 | 13 | 56.2 | 25.5 | 23.8 | 5.3 | 46.3 | 12.8 | 13.9 | 18.7 | 66.3 | 38.6 | 33.6 | 17.8 | 81.1 | 42.9 | 33.9 | 18.7 | 74.7 | 60.1 | 32.5 | −0.9 | 38.8 |
| Net margin | 6.9% | 14.1% | 10.0% | 6.2% | 7.6% | 13.7% | 10.7% | 9.1% | 3.2% | 11.4% | 5.1% | 6.1% | 10.0% | 19.2% | 16.7% | 18.6% | 15.5% | 25.1% | 18.3% | 18.1% | 16.4% | 21.6% | 31.6% | 19.9% | -0.8% | 19.0% |
| EPS (₹) | 0.88 | 4.16 | 1.48 | 0.69 | 0.69 | 3.00 | 1.36 | 1.27 | 0.28 | 2.47 | 0.68 | 0.74 | 1.00 | 3.54 | 2.06 | 1.79 | 0.95 | 4.33 | 2.29 | 1.81 | 1.00 | 3.99 | 3.21 | 1.74 | -0.05 | 2.07 |
| Net profit YoY | +27.0% | +38.6% | +8.3% | −45.6% | +145.0% | +21.3% | +99.5% | +71.0% | −71.7% | −30.1% | −66.9% | −58.5% | +5.3% | −18.3% | −10.0% | −1.0% | −5.0% | +8.5% | −28.6% | +4.4% | +2083.0% | +92.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,209 | 1,074 | 1,073 | 872 | 859 | 813 | 713 |
| Other income | 38 | 30.9 | 29.9 | 37.8 | 31.3 | 19.8 | 36.4 |
| Total expenses | 1,063 | 949 | 972 | 693 | 652 | 607 | 547 |
| EBITDA | 238 | 218 | 194 | 258 | 262 | 245 | 198 |
| EBITDA margin | 19.7% | 20.3% | 18.1% | 29.5% | 30.5% | 30.2% | 27.7% |
| Finance costs | 25.1 | 29.4 | 34.6 | 25.7 | 21.5 | 12 | 5.9 |
| Depreciation | 66.4 | 63.5 | 58.6 | 53 | 33 | 27 | 26.1 |
| Profit before tax | 184 | 156 | 131 | 217 | 239 | 226 | 202 |
| Tax | 53.3 | 46 | 39.7 | 60.7 | 62.8 | 59.8 | 42.4 |
| Net profit | 131 | 111 | 91.8 | 156 | 177 | 166 | 158 |
| Net margin | 10.9% | 10.3% | 8.6% | 17.9% | 20.5% | 20.5% | 22.2% |
| EPS (₹) | 7.02 | 5.92 | 4.90 | 8.34 | 9.43 | 8.88 | 8.44 |
| Net profit YoY | +18.6% | +20.8% | −41.3% | −11.5% | +6.1% | +5.3% | – |
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 | 155 | 217 | 216 | −35.4 | 52.1 |
| Investing cash flow | −150 | −96.2 | −65.2 | −2.9 | −103 |
| Financing cash flow | 16.1 | −126 | −148 | 42.8 | 26.8 |
| Capital expenditure | 49.3 | 67.7 | 79.1 | 72.9 | 126 |
| Free cash flow (CFO − capex) | 105 | 149 | 137 | −108 | −73.6 |
Net profit trend
annual, ₹ croreFY21
₹166
FY22
₹177+6%
FY23
₹156−12%
FY24
₹91.8−41%
FY25
₹111+21%
FY26
₹131+19%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 29 May 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | 29 May 2026 | PDF XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 46.8×56.2×
P/B5Y avg 4.33×4.95×
ROEFY26, on average equity8.9%
Net margin10.9%
Debt / equity0.19×
Revenue CAGR (3Y)11.5%
Profit CAGR (3Y)-5.6%
EPS (TTM)₹7.20
Market cap₹7,588 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.95×
vs 8-point avg 4.33× (+14%)
2.69× low4.33× avg5.81× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,221 Cr+11%
Net worth₹1,532 Cr+8%
Total borrowings₹284 Cr+21%
Cash & bank balances₹192 Cr+278%
Investments₹24 Cr−6%
Inventories₹1,333 Cr+4%
Trade receivables₹554 Cr+35%
Trade payables₹114 Cr+22%
Change vs the same date a year earlier.