Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q4 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,407 | 3,335 | 2,887 | 2,762 | 2,494 | 2,510 | 2,300 | 2,326 | 2,185 | 2,233 | 2,117 | 2,105 | 1,859 | 1,864 | 1,687 | 1,835 | 1,671 | 1,662 |
| Other income | 5.4 | 1.3 | 1 | 0.8 | 0.9 | 1.6 | 0.6 | 4.8 | 5 | 4.3 | 1.1 | 5.6 | 13.6 | 12.7 | 0.7 | 10.7 | 7.7 | 9.3 |
| Total expenses | 3,217 | 3,124 | 2,688 | 2,542 | 2,305 | 2,291 | 2,116 | 2,128 | 1,991 | 1,987 | 1,899 | 1,900 | 1,706 | 1,699 | 1,546 | 1,690 | 1,503 | 1,529 |
| EBITDA | 258 | 274 | 262 | 280 | 244 | 271 | 238 | 250 | 239 | 291 | 262 | 248 | 194 | 209 | 179 | 181 | 203 | 219 |
| EBITDA margin | 7.6% | 8.2% | 9.1% | 10.1% | 9.8% | 10.8% | 10.3% | 10.7% | 10.9% | 13.0% | 12.4% | 11.8% | 10.4% | 11.2% | 10.6% | 9.9% | 12.1% | 13.2% |
| Finance costs | 8.1 | 6.4 | 7.2 | 6.4 | 6.3 | 5.5 | 6.6 | 7.2 | 5.5 | 5.8 | 6.4 | 7.4 | 7.7 | 8.6 | 6.5 | 5.9 | 6.9 | 67.3 |
| Depreciation | 60.1 | 57.3 | 56.5 | 53.1 | 49.2 | 47.6 | 47 | 44.4 | 39.9 | 39.4 | 37.7 | 36.4 | 33.8 | 34.8 | 31.7 | 29.5 | 27.7 | 19.2 |
| Profit before tax | 195 | 212 | 200 | 221 | 190 | 220 | 185 | 203 | 198 | 250 | 219 | 210 | 166 | 179 | 141 | 156 | 176 | 76.3 |
| Tax | 50.1 | 44.4 | 50.1 | 55.7 | 46.5 | 54.8 | 44.7 | 50.6 | 49.5 | 59 | 51.1 | 54.1 | 43 | 40.2 | 35.3 | 39.7 | 50 | 29.9 |
| Net profit | 145 | 167 | 149 | 165 | 143 | 165 | 140 | 152 | 149 | 191 | 168 | 156 | 123 | 138 | 106 | 116 | 126 | 46.4 |
| Net margin | 4.3% | 5.0% | 5.2% | 6.0% | 5.7% | 6.6% | 6.1% | 6.5% | 6.8% | 8.6% | 7.9% | 7.4% | 6.6% | 7.4% | 6.3% | 6.3% | 7.5% | 2.8% |
| EPS (₹) | 0.22 | 0.25 | 0.23 | 0.25 | 0.22 | 0.37 | 0.32 | 0.34 | 0.34 | 0.43 | 0.38 | 0.35 | 0.28 | 0.31 | 0.24 | 0.37 | 0.40 | 0.15 |
| Net profit YoY | +1.6% | +1.4% | +6.8% | +8.7% | −3.9% | −13.8% | −16.6% | −2.4% | +20.9% | +38.3% | +58.1% | +33.9% | −2.2% | +198.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 11,478 | 9,320 | 8,328 | 7,057 | 5,635 |
| Other income | 3.9 | 11.9 | 6.9 | 22.3 | 30 |
| Total expenses | 10,660 | 8,527 | 7,490 | 6,427 | 5,039 |
| EBITDA | 1,060 | 997 | 1,013 | 781 | 730 |
| EBITDA margin | 9.2% | 10.7% | 12.2% | 11.1% | 13.0% |
| Finance costs | 26.3 | 24.8 | 27.3 | 27.8 | 28.5 |
| Depreciation | 216 | 179 | 147 | 124 | 105 |
| Profit before tax | 822 | 805 | 846 | 652 | 561 |
| Tax | 197 | 200 | 207 | 165 | 150 |
| Net profit | 625 | 606 | 638 | 487 | 411 |
| Net margin | 5.4% | 6.5% | 7.7% | 6.9% | 7.3% |
| EPS (₹) | 0.94 | 1.37 | 1.44 | 1.10 | 1.30 |
| Net profit YoY | +3.2% | −5.1% | +31.1% | +18.6% | – |
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 | 761 | 365 | 791 | 224 | 501 |
| Investing cash flow | −200 | −60.1 | −208 | −194 | −101 |
| Financing cash flow | −509 | −457 | −452 | −287 | −144 |
| Capital expenditure | 201 | 172 | 111 | 199 | 101 |
| Free cash flow (CFO − capex) | 560 | 193 | 680 | 25 | 399 |
Net profit trend
annual, ₹ croreFY22
₹411
FY23
₹487+19%
FY24
₹638+31%
FY25
₹606−5%
FY26
₹625+3%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 4 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 30 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 5 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 28 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 9 May 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 6 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 8 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 5 Aug 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 41.7×36.2×
P/B5Y avg 17.65×10.52×
ROEFY26, on average equity32.4%
Net margin5.4%
Debt / equity0.11×
Revenue CAGR (3Y)17.6%
Profit CAGR (3Y)8.7%
EPS (TTM)₹0.95
Market cap₹22,740 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
10.52×
vs 8-point avg 17.65× (−40%)
10.52× low17.65× avg25.28× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹4,746 Cr+27%
Net worth₹2,162 Cr+27%
Total borrowings₹233 Cr−13%
Cash & bank balances₹66 Cr+363%
Investments₹0 Cr
Inventories₹1,730 Cr+35%
Trade receivables₹1,884 Cr+52%
Trade payables₹1,983 Cr+68%
Change vs the same date a year earlier.