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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q2 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	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19
Revenue from operations	767	739	705	658	607	567	588	571	505	468	423	397	354	348	354	316	338	339	328	302	302	268	259	233	275	303	325	343	350	391
Other income	170	−33.5	75.3	36.6	146	23	15.4	121	131	92.3	107	77.9	117	39.7	61.9	−16.7	34.5	30.4	97.2	66.9	60.1	130	63.7	103	−125	57.5	35.3	54.3	54.1	32.9
Total expenses	273	245	248	239	229	212	212	206	197	186	172	165	161	149	149	145	138	133	142	133	144	130	131	137	122	167	180	185	241	262
EBITDA	508	507	470	430	388	365	386	374	316	291	259	241	202	209	213	179	208	212	193	177	166	147	136	108	162	147	155	141	118	138
EBITDA margin	66.2%	68.6%	66.7%	65.3%	64.0%	64.5%	65.6%	65.5%	62.7%	62.1%	61.2%	60.7%	57.2%	60.0%	60.3%	56.6%	61.5%	62.7%	59.0%	58.7%	54.9%	54.7%	52.7%	46.5%	58.9%	48.5%	47.5%	41.2%	33.8%	35.2%
Finance costs	1.6	1.6	1.8	1.8	1.8	1.8	1.7	1.7	1.6	1.6	1.7	1.7	1.3	1.2	1.1	0.9	1.1	0.7	1.1	0.9	1	1.1	1.2	1.3	0.5	1.9	1.7	0	0	0
Depreciation	12	12.2	10.9	8.8	8.4	8.6	7.7	7.4	6.8	7.3	6.5	7.2	8.1	8.2	7.7	6.8	6.9	6.5	6.6	7.3	7.1	7.8	7.9	10.5	8.9	9.1	7.6	−16.4	9	8.7
Profit before tax	664	460	533	456	524	378	392	486	439	374	358	310	310	239	266	155	234	235	283	236	218	269	191	200	27.4	194	181	212	163	162
Tax	161	75.3	129	111	128	79.5	96.5	126	107	31.5	74.1	66.1	74.6	41.5	61.6	40.3	59.5	61.5	69.6	54.7	51.4	57	45.7	43.6	23.2	44.3	54.9	60.4	53.6	49
Net profit	504	385	404	345	396	299	295	360	332	343	284	244	236	198	205	114	175	174	214	182	167	212	145	156	3.7	149	125	152	110	113
Net margin	65.7%	52.1%	57.3%	52.4%	65.3%	52.7%	50.2%	63.0%	65.8%	73.2%	67.2%	61.5%	66.6%	56.8%	58.0%	36.1%	51.7%	51.4%	65.2%	60.1%	55.2%	79.0%	56.2%	67.0%	1.4%	49.3%	38.6%	44.3%	31.3%	28.9%
EPS (₹)	7.89	6.04	6.34	5.42	6.24	4.71	4.66	5.69	5.27	5.45	4.54	3.92	3.78	3.18	3.29	1.84	2.82	2.80	3.44	2.94	2.71	3.45	2.37	2.55	0.06	2.44	2.05	2.47	1.79	1.87
Net profit YoY	+27.2%	+28.8%	+36.7%	−4.3%	+19.2%	−12.9%	+3.9%	+47.3%	+41.0%	+73.2%	+38.6%	–	+106.6%	+13.3%	+17.9%	−37.2%	+4.8%	−17.9%	+47.1%	+16.1%	+4383.1%	+41.9%	–	+24.6%	−97.6%	+36.3%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from operations	2,709	2,231	1,643	1,350	1,307	1,062	1,203	1,479
Other income	224	290	394	167	229	357	−9.8	171
Total expenses	961	826	685	589	547	542	633	950
EBITDA	1,795	1,442	994	795	791	558	609	539
EBITDA margin	66.3%	64.6%	60.5%	58.9%	60.5%	52.5%	50.6%	36.5%
Finance costs	7	6.7	6.2	4	3.8	4.4	5.7	0
Depreciation	40.3	30.6	29.1	29.8	27.2	33.3	33.3	10.1
Profit before tax	1,972	1,694	1,352	928	989	877	560	700
Tax	444	409	246	205	245	198	144	213
Net profit	1,529	1,286	1,107	723	744	680	415	487
Net margin	56.5%	57.7%	67.4%	53.6%	57.0%	64.1%	34.5%	32.9%
EPS (₹)	24.05	20.34	17.71	11.61	12.00	11.04	6.78	7.94
Net profit YoY	+18.9%	+16.2%	+53.1%	−2.8%	+9.4%	+63.8%	−14.8%	–

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	1,466	1,200	777	584	580
Investing cash flow	−326	−81.6	−104	101	−125
Financing cash flow	−1,150	−1,116	−671	−712	−426
Capital expenditure	79	539	11.9	10.4	6.8
Free cash flow (CFO − capex)	1,387	661	766	574	573

Net profit trend

annual, ₹ crore

FY21

₹680

FY22

₹744+9%

FY23

₹723−3%

FY24

₹1,107+53%

FY25

₹1,286+16%

FY26

₹1,529+19%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	22 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	22 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	27 Apr 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	27 Apr 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	29 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	29 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
Q1 FY26	Consolidated	28 Jul 2025	PDF on NSE XBRL
Q1 FY26	Standalone	28 Jul 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2615.33 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18

Key ratios

P/E (TTM)5Y avg 27.5×45.1×

P/B5Y avg 8.55×15.85×

ROEFY26, on average equity34.5%

Net margin56.5%

Debt / equity0.00×

Revenue CAGR (3Y)26.1%

Profit CAGR (3Y)28.3%

EPS (TTM)₹25.65

Market cap₹73,830 Cr

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

P/B vs history

15.85×

vs 9-point avg 8.55× (+85%)

3.81× low8.55× avg15.85× high

History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹5,192 Cr+11%

Net worth₹4,659 Cr+11%

Total borrowings₹0 Cr

Cash & bank balances₹17 Cr−38%

Investments₹3,767 Cr+13%

Inventories₹0 Cr

Trade receivables₹79 Cr+12%

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	71.80	71.93	72.05	72.10	72.25	72.32	72.43	72.49	72.66	72.86	73.10	73.47
FII	7.04	7.34	7.90	7.64	7.60	8.34	8.29	7.73	6.56	5.48	5.54	5.06
DII	15.49	14.78	13.84	12.96	13.45	12.80	13.02	13.48	14.35	14.40	14.19	14.57
of which MF	11.05	9.95	8.73	8.32	8.85	–	–	–	–	–	–	–
Retail	4.52	4.77	4.99	5.63	5.37	5.34	5.06	4.92	5.00	5.58	5.55	5.32
Other public	1.15	1.18	1.22	1.67	1.33	1.20	1.20	1.38	1.43	1.68	1.62	1.58

2,00,154 shareholders · NSE shareholding pattern filings.