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 | 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 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 371 | 444 | 360 | 348 | 348 | 433 | 367 | 292 | 493 | 416 | 306 | 348 | 380 | 428 | 302 | 236 | 376 | 468 | 363 | 312 | 293 | 450 | 268 | 307 | 152 | 249 | 256 | 253 | 280 | 437 | 333 | 358 | 314 | 398 |
| Other income | 20.3 | 23.4 | 16.9 | 30.3 | 22.5 | 24.8 | 32.7 | 26.8 | 27.1 | 24 | 23.4 | 20.5 | 25.7 | 20 | 20.9 | 20.8 | 15.2 | 8.2 | 27.9 | 22.4 | 20.9 | 31.4 | 19.3 | 26 | 25.7 | 34.3 | 44.9 | 53.2 | 48.7 | 50.9 | 47.3 | 45.1 | 47.5 | 45.6 |
| Total expenses | 280 | 354 | 307 | 289 | 307 | 333 | 310 | 251 | 316 | 327 | 253 | 286 | 289 | 327 | 277 | 230 | 253 | 283 | 227 | 256 | 233 | 322 | 217 | 325 | 126 | 261 | 227 | 202 | 189 | 298 | 195 | 227 | 191 | 242 |
| EBITDA | 136 | 139 | 97.3 | 99.5 | 78.8 | 139 | 95.2 | 79.2 | 214 | 128 | 89.4 | 96.3 | 124 | 133 | 55.3 | 33.2 | 148 | 214 | 163 | 81.2 | 83.8 | 156 | 76 | 6.6 | 48.3 | 6.4 | 55.2 | 83.1 | 111 | 158 | 155 | 146 | 137 | 172 |
| EBITDA margin | 36.6% | 31.3% | 27.0% | 28.6% | 22.6% | 32.2% | 25.9% | 27.1% | 43.4% | 30.8% | 29.2% | 27.7% | 32.6% | 31.0% | 18.3% | 14.1% | 39.4% | 45.7% | 44.7% | 26.0% | 28.6% | 34.6% | 28.4% | 2.2% | 31.7% | 2.6% | 21.6% | 32.8% | 39.6% | 36.2% | 46.5% | 40.9% | 43.6% | 43.3% |
| Finance costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 44.4 | 48.1 | 44.3 | 40 | 37.4 | 39.1 | 38.8 | 37.8 | 36.4 | 39.3 | 36.5 | 35.2 | 33.3 | 31.5 | 30.1 | 27.1 | 25.7 | 28 | 26.4 | 25 | 23.7 | 27.9 | 25.4 | 24 | 21.9 | 19.1 | 25.8 | 31.9 | 19.5 | 19.5 | 17 | 15.6 | 14.6 | 16.9 |
| Profit before tax | 112 | 114 | 69.9 | 89.8 | 63.8 | 125 | 89 | 68.2 | 204 | 113 | 76.4 | 81.6 | 116 | 121 | 46.1 | 29.8 | 137 | 200 | 164 | 78.5 | 80.9 | 159 | 70 | 8.6 | 2.1 | 21.6 | 74.3 | 104 | 140 | 189 | 185 | 176 | 170 | 201 |
| Tax | 24 | 21.7 | 17 | 19.3 | 12.3 | 9.6 | 25.4 | 18.2 | 52 | 21.8 | 22.3 | 20.1 | 29.5 | 40.1 | 6.6 | 2.5 | 34.7 | 68.8 | 40.1 | 18.3 | 19.1 | 43.3 | 18.6 | 1.3 | 0.2 | 8.1 | 18.9 | 15.9 | 49.4 | 54.4 | 64.7 | 70.7 | 56.2 | 73.1 |
| Net profit | 87.6 | 92.6 | 52.9 | 70.4 | 51.5 | 116 | 63.7 | 50 | 152 | 91.1 | 54.1 | 61.5 | 86.6 | 80.9 | 39.5 | 27.3 | 103 | 131 | 124 | 60.2 | 61.8 | 116 | 51.4 | 7.3 | 1.9 | 13.5 | 55.5 | 88.6 | 90.7 | 135 | 120 | 105 | 113 | 128 |
| Net margin | 23.6% | 20.8% | 14.7% | 20.2% | 14.8% | 26.7% | 17.4% | 17.1% | 30.9% | 21.9% | 17.7% | 17.7% | 22.8% | 18.9% | 13.1% | 11.6% | 27.4% | 28.0% | 34.1% | 19.3% | 21.1% | 25.8% | 19.2% | 2.4% | 1.2% | 5.4% | 21.6% | 35.0% | 32.4% | 30.9% | 36.1% | 29.4% | 36.2% | 32.1% |
| EPS (₹) | 4.31 | 4.55 | 2.60 | 3.46 | 2.53 | 5.68 | 3.13 | 2.46 | 7.49 | 4.48 | 2.66 | 3.02 | 4.25 | 3.98 | 1.94 | 1.34 | 4.40 | 5.92 | 5.22 | 2.54 | 2.60 | 4.89 | 2.17 | 0.31 | 0.08 | 0.56 | 2.15 | 3.44 | 3.52 | 5.24 | 4.67 | 4.08 | 4.40 | 4.81 |
| Net profit YoY | +70.1% | −19.9% | −16.9% | +41.0% | −66.2% | +26.9% | +17.7% | −18.8% | +76.0% | +12.6% | +36.9% | +125.0% | −15.8% | −38.2% | −68.1% | −54.6% | +66.3% | +13.0% | +141.1% | +721.7% | +3187.0% | +761.2% | −7.3% | −91.7% | −97.9% | −90.0% | −53.9% | −15.7% | −20.1% | +5.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,473 | 1,585 | 1,449 | 1,342 | 1,436 | 1,177 | 1,038 | 1,441 | 1,323 |
| Other income | 93 | 111 | 93.5 | 76.9 | 79.3 | 102 | 181 | 191 | 178 |
| Total expenses | 1,228 | 1,210 | 1,156 | 1,087 | 999 | 990 | 879 | 912 | 853 |
| EBITDA | 415 | 528 | 438 | 369 | 541 | 287 | 256 | 596 | 533 |
| EBITDA margin | 28.2% | 33.3% | 30.2% | 27.5% | 37.7% | 24.4% | 24.6% | 41.4% | 40.2% |
| Finance costs | 0 | 0 | 0 | 0 | 0.7 | 0 | 0 | 0 | 0 |
| Depreciation | 170 | 152 | 144 | 114 | 103 | 99.2 | 96.2 | 66.8 | 62.4 |
| Profit before tax | 338 | 487 | 387 | 334 | 523 | 240 | 340 | 720 | 648 |
| Tax | 70.4 | 105 | 93.7 | 83.9 | 146 | 63.5 | 92.3 | 246 | 226 |
| Net profit | 267 | 382 | 293 | 251 | 377 | 177 | 248 | 474 | 422 |
| Net margin | 18.2% | 24.1% | 20.2% | 18.7% | 26.2% | 15.0% | 23.9% | 32.9% | 31.9% |
| EPS (₹) | 13.14 | 18.76 | 14.42 | 12.31 | 16.15 | 7.44 | 9.80 | 18.40 | 21.08 |
| Net profit YoY | −29.9% | +30.1% | +17.1% | −33.5% | +113.4% | −28.8% | −47.6% | +12.3% | – |
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 | 157 | 434 | 253 | 212 | 360 |
| Investing cash flow | −14 | −338 | −141 | −102 | 693 |
| Financing cash flow | −141 | −134 | −85.2 | −122 | −1,033 |
| Capital expenditure | 297 | 322 | 316 | 249 | 217 |
| Free cash flow (CFO − capex) | −140 | 112 | −62.7 | −36.7 | 143 |
Net profit trend
annual, ₹ croreFY21
₹177
FY22
₹377+113%
FY23
₹251−34%
FY24
₹293+17%
FY25
₹382+30%
FY26
₹267−30%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 29 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 30 Jan 2026 | PDF XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 30 Jul 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 30 Apr 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 11 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 25 Oct 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 30 Jul 2024 | PDF on NSE XBRL |
| Q4 FY24 | Standalone · audited | 16 May 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 17.4×16.2×
P/B5Y avg 2.19×1.82×
ROEFY26, on average equity10.0%
Net margin18.2%
Debt / equity0.00×
Revenue CAGR (3Y)3.2%
Profit CAGR (3Y)2.2%
EPS (TTM)₹14.92
Market cap₹4,922 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.82×
vs 8-point avg 2.19× (−17%)
1.29× low2.19× avg3.19× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,206 Cr−0%
Net worth₹2,709 Cr+3%
Total borrowings₹0 Cr
Cash & bank balances₹5 Cr+82%
Investments₹24 Cr−69%
Inventories₹363 Cr+26%
Trade receivables₹140 Cr−4%
Trade payables₹46 Cr−1%
Change vs the same date a year earlier.
Revenue mix FY26
Mining products92.6%result ₹218 Cr
Manufactured products6.1%result ₹16.9 Cr
Power1.4%result ₹10.3 Cr
Segment revenue as reported, before inter-segment eliminations.