Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 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 | Q3 FY19 | Q2 FY19 | Q1 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,426 | 2,676 | 2,112 | 1,849 | 2,737 | 1,209 | 1,999 | 2,838 | 2,312 | 2,141 | 1,784 | 1,639 | 1,500 | 1,027 | 1,072 | 1,320 | 753 | 1,051 | 1,025 | 1,325 | 899 | 1,141 | 948 | 811 | 726 | 611 | 641 | 618 | 609 | 657 | 648 | 682 | 646 |
| Other income | 6.5 | 16.1 | 8.5 | 10.8 | 7.1 | 0 | 3.9 | 8.2 | 5.4 | 16.9 | 7 | 11.5 | 31.2 | 6.2 | 6.2 | 7.5 | 7.7 | 3.9 | 9.4 | 4.1 | 2.5 | 2.8 | 0.6 | 0.4 | 1.7 | 2.8 | 3 | 0.2 | 2 | 4.5 | 1 | 1.9 | 1.3 |
| Total expenses | 1,898 | 2,887 | 1,372 | 1,354 | 1,339 | 1,235 | 1,262 | 1,392 | 1,259 | 1,228 | 983 | 993 | 895 | 786 | 772 | 720 | 680 | 685 | 734 | 670 | 616 | 599 | 528 | 511 | 448 | 840 | 449 | 492 | 433 | 465 | 631 | 657 | 504 |
| EBITDA | 1,970 | 205 | 1,105 | 840 | 1,720 | 298 | 1,067 | 1,816 | 1,393 | 1,232 | 1,088 | 904 | 838 | 444 | 487 | 745 | 201 | 493 | 448 | 781 | 401 | 665 | 535 | 421 | 397 | −91 | 320 | 261 | 309 | 329 | 147 | 161 | 279 |
| EBITDA margin | 57.5% | 7.7% | 52.3% | 45.4% | 62.8% | 24.7% | 53.4% | 64.0% | 60.2% | 57.5% | 61.0% | 55.2% | 55.9% | 43.2% | 45.4% | 56.5% | 26.7% | 46.8% | 43.7% | 58.9% | 44.6% | 58.2% | 56.4% | 51.8% | 54.7% | -14.9% | 49.9% | 42.2% | 50.8% | 50.0% | 22.7% | 23.6% | 43.2% |
| Finance costs | 414 | 388 | 336 | 317 | 295 | 298 | 303 | 347 | 318 | 295 | 262 | 241 | 216 | 190 | 169 | 130 | 114 | 115 | 144 | 113 | 106 | 109 | 103 | 109 | 109 | 127 | 119 | 125 | 124 | 131 | 125 | 130 | 130 |
| Depreciation | 27.9 | 27.7 | 29.1 | 27.8 | 26.1 | 26.2 | 27.3 | 23.4 | 21.8 | 23.9 | 24 | 17.3 | 17.4 | 12.7 | 16.7 | 15.6 | 13.4 | 11.2 | 12.7 | 13.1 | 11.3 | 13.6 | 11.7 | 11.4 | 10.6 | 10.9 | 9.4 | 10 | 9.5 | 6 | 6 | 6 | 6 |
| Profit before tax | 1,534 | −194 | 748 | 506 | 1,406 | −26.7 | 741 | 1,454 | 1,059 | 930 | 809 | 658 | 636 | 247 | 307 | 607 | 80.9 | 370 | 301 | 659 | 286 | 546 | 420 | 301 | 190 | −227 | 195 | 126 | 178 | 196 | 17.1 | 27 | 144 |
| Tax | 260 | 24.7 | 182 | 143 | 250 | 36.5 | 175 | 332 | 175 | 205 | 147 | 124 | 110 | 80.5 | 81.2 | 98.1 | 49.7 | 68.4 | 61.5 | 110 | 65.6 | 84.2 | 84.2 | 64.8 | 25.8 | 10.5 | 26.9 | −16.1 | 46 | 47.7 | −18.3 | 23.9 | 40.7 |
| Net profit | 1,274 | −219 | 566 | 363 | 1,163 | −63.2 | 566 | 1,122 | 884 | 725 | 661 | 532 | 528 | 165 | 227 | 510 | 32 | 303 | 240 | 549 | 221 | 455 | 337 | 299 | 169 | −254 | 168 | 142 | 133 | 149 | 40.1 | 4.5 | 104 |
| Net margin | 37.2% | -8.2% | 26.8% | 19.6% | 42.5% | -5.2% | 28.3% | 39.5% | 38.2% | 33.8% | 37.1% | 32.5% | 35.2% | 16.1% | 21.2% | 38.6% | 4.2% | 28.8% | 23.4% | 41.4% | 24.6% | 39.9% | 35.5% | 36.8% | 23.3% | -41.5% | 26.3% | 23.0% | 21.8% | 22.8% | 6.2% | 0.7% | 16.1% |
| EPS (₹) | 21.15 | -3.69 | 9.42 | 6.04 | 19.39 | -1.08 | 9.43 | 18.74 | 14.78 | 48.61 | 44.49 | 35.87 | 35.62 | 11.35 | 15.45 | 34.45 | 2.10 | 20.35 | 16.20 | 36.56 | 15.07 | 30.58 | 22.84 | 20.07 | 11.28 | -17.14 | 11.20 | 9.73 | 8.88 | 9.67 | 3.73 | -1.34 | 7.95 |
| Net profit YoY | +9.5% | −246.8% | +0.0% | −67.7% | +31.6% | −108.7% | −14.4% | +110.8% | +67.5% | +337.8% | +190.9% | +4.3% | +1550.7% | −45.3% | −5.2% | −7.1% | −85.6% | −33.5% | −28.8% | +83.6% | +31.0% | +279.1% | +99.9% | +110.1% | +27.4% | −270.0% | +320.7% | +3034.1% | +27.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 9,374 | 8,417 | 7,068 | 4,177 | 4,297 | 3,626 | 2,358 | 2,463 |
| Other income | 42.5 | 0 | 62.8 | 20 | 23 | 5.4 | 7.9 | 5.6 |
| Total expenses | 6,951 | 5,191 | 4,099 | 2,955 | 2,704 | 2,086 | 2,080 | 2,084 |
| EBITDA | 3,870 | 4,623 | 4,066 | 1,876 | 2,119 | 2,017 | 812 | 920 |
| EBITDA margin | 41.3% | 54.9% | 57.5% | 44.9% | 49.3% | 55.6% | 34.4% | 37.3% |
| Finance costs | 1,336 | 1,298 | 1,014 | 596 | 478 | 430 | 494 | 517 |
| Depreciation | 111 | 98.8 | 82.6 | 58.4 | 48.3 | 47.3 | 39.7 | 24 |
| Profit before tax | 2,465 | 3,226 | 3,032 | 1,242 | 1,616 | 1,457 | 285 | 384 |
| Tax | 600 | 718 | 586 | 309 | 305 | 259 | 69.8 | 94.1 |
| Net profit | 1,872 | 2,508 | 2,446 | 935 | 1,312 | 1,259 | 190 | 298 |
| Net margin | 20.0% | 29.8% | 34.6% | 22.4% | 30.5% | 34.7% | 8.0% | 12.1% |
| EPS (₹) | 31.12 | 41.82 | 164.63 | 62.89 | 89.14 | 84.65 | 12.47 | 20.01 |
| Net profit YoY | −25.3% | +2.6% | +161.6% | −28.8% | +4.2% | +564.3% | −36.4% | – |
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 | −6,071 | 1,215 | −349 | −3,058 | 1,011 |
| Investing cash flow | −958 | −1,077 | −247 | −287 | −447 |
| Financing cash flow | 6,154 | 745 | 3,305 | 3,784 | 282 |
| Capital expenditure | 71.8 | 101 | 0 | 168 | 54.5 |
| Free cash flow (CFO − capex) | −6,142 | 1,114 | −349 | −3,225 | 956 |
Net profit trend
annual, ₹ croreFY21
₹1,259
FY22
₹1,312+4%
FY23
₹935−29%
FY24
₹2,446+162%
FY25
₹2,508+3%
FY26
₹1,872−25%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 23 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 23 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 29 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 27 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 27 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 30 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 30 Oct 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 13.8×31.2×
P/B5Y avg 2.81×4.81×
ROEFY26, on average equity15.6%
Net margin20.0%
Debt / equity0.45×
Revenue CAGR (3Y)30.9%
Profit CAGR (3Y)26.1%
EPS (TTM)₹32.95
Market cap₹61,931 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.81×
vs 8-point avg 2.81× (+71%)
1.46× low2.81× avg4.81× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹43,468 Cr+28%
Net worth₹12,888 Cr+16%
Total borrowings₹5,776 Cr+29%
Cash & bank balances₹5,161 Cr−22%
Investments₹10,299 Cr+16%
Inventories₹0 Cr
Trade receivables₹4,058 Cr+69%
Change vs the same date a year earlier.
Revenue mix FY26
Wealth Management39.0%result ₹966 Cr
Asset and Private Wealth Management32.1%result ₹1,534 Cr
Treasury Investments13.7%result ₹−656 Cr
Home Finance7.6%result ₹209 Cr
Capital markets7.6%result ₹444 Cr
Segment revenue as reported, before inter-segment eliminations.