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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY19

₹ crore	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	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
Revenue from operations	6,795	11,343	7,611	6,378	6,739	6,568	4,919	5,414	6,489	5,410	4,014	5,395	5,851	3,720	3,328	4,767	6,702	5,874	6,794	6,512	6,848	4,355	2,230	1,938	3,187	3,006	2,242	3,264	0
Other income	347	432	373	383	300	375	361	365	419	337	321	294	−8.9	205	426	146	333	153	88.9	144	85.2	106	88.8	71.8	134	130	128	123	0
Total expenses	4,451	8,903	5,609	4,502	4,396	4,359	3,665	3,171	4,520	3,517	2,931	3,477	3,794	2,693	2,570	2,969	4,157	3,332	3,743	2,394	2,668	1,651	1,256	1,251	1,746	1,491	1,291	1,475	0
EBITDA	2,468	2,644	2,144	1,993	2,478	2,372	1,386	2,340	2,102	2,007	1,190	1,994	2,162	1,141	851	1,898	2,683	2,611	3,113	4,176	4,240	2,767	1,029	753	1,488	1,590	1,058	1,866	0
EBITDA margin	36.3%	23.3%	28.2%	31.3%	36.8%	36.1%	28.2%	43.2%	32.4%	37.1%	29.7%	37.0%	37.0%	30.7%	25.6%	39.8%	40.0%	44.5%	45.8%	64.1%	61.9%	63.5%	46.1%	38.9%	46.7%	52.9%	47.2%	57.2%	–
Finance costs	21.6	51.4	35	7.7	27.2	60.6	29.1	23.1	21.4	32.1	18.6	6.2	11.8	29.9	18.2	15.3	25.2	9.2	1.7	3	4.1	1.6	1.7	9.3	−21.3	9.8	9.7	11.7	0
Depreciation	103	152	107	110	109	103	103	73.7	111	82	88.8	69.2	93.4	83.7	74.2	84.9	112	60.7	59.9	55.3	56.9	60.6	53.6	57.4	67.7	64.7	97.7	64.9	0
Profit before tax	2,691	2,873	2,375	2,259	2,643	2,584	1,614	2,608	2,359	1,977	1,404	2,212	3,286	1,232	1,185	1,944	2,878	2,694	3,140	4,262	4,264	2,810	1,062	758	1,479	1,646	1,079	1,912	0
Tax	685	855	628	576	675	687	418	644	943	507	379	551	1,008	328	299	476	1,065	646	801	1,071	1,431	702	289	227	1,131	271	377	734	0
Net profit	1,976	2,027	1,757	1,699	1,968	1,882	1,212	1,971	1,413	1,484	1,026	1,652	2,272	914	972	1,442	1,817	2,050	2,326	3,186	2,836	2,158	752	531	316	1,394	692	1,171	0
Net margin	29.1%	17.9%	23.1%	26.6%	29.2%	28.7%	24.6%	36.4%	21.8%	27.4%	25.6%	30.6%	38.8%	24.6%	29.2%	30.2%	27.1%	34.9%	34.2%	48.9%	41.4%	49.5%	33.7%	27.4%	9.9%	46.4%	30.9%	35.9%	–
EPS (₹)	2.25	2.31	2.00	1.93	2.24	2.14	4.13	6.72	4.82	5.06	3.50	5.64	7.75	3.11	3.32	4.92	6.20	6.99	7.94	10.87	9.64	7.05	2.46	1.73	1.03	4.55	2.26	3.83	0.00
Net profit YoY	+0.4%	–	−6.7%	+40.2%	−0.2%	+26.8%	+18.1%	+19.3%	−37.8%	+62.4%	+5.6%	+14.6%	+25.0%	−55.4%	−58.2%	−54.7%	−35.9%	−5.0%	+209.2%	+500.1%	+797.9%	+54.7%	+8.8%	−54.7%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from operations	32,071	21,308	17,667	25,882	15,370	11,699	12,153
Other income	1,488	1,371	768	719	352	514	589
Total expenses	23,410	14,445	12,026	13,626	6,826	6,002	5,548
EBITDA	9,260	7,292	6,053	12,583	8,789	6,002	6,924
EBITDA margin	28.9%	34.2%	34.3%	48.6%	57.2%	51.3%	57.0%
Finance costs	121	78.2	75.2	39.1	16.8	9.9	40.3
Depreciation	477	351	336	288	229	295	279
Profit before tax	10,149	7,951	7,647	12,974	8,896	6,115	7,194
Tax	2,734	2,380	2,108	3,582	2,648	2,513	2,557
Net profit	7,450	5,575	5,601	9,379	6,277	3,573	4,618
Net margin	23.2%	26.2%	31.7%	36.2%	40.8%	30.5%	38.0%
EPS (₹)	8.47	19.02	19.11	32.00	20.70	11.67	14.69
Net profit YoY	–	−0.5%	−40.3%	+49.4%	+75.7%	−22.6%	–

EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore

₹ crore	FY26	FY24	FY23	FY22
Operating cash flow	4,993	7,395	2,466	7,639
Investing cash flow	−3,839	−6,076	43.3	−5,066
Financing cash flow	−1,092	−1,302	−2,537	−2,916
Capital expenditure	3,171	1,847	1,401	0
Free cash flow (CFO − capex)	1,822	5,548	1,064	7,639

Net profit trend

annual, ₹ crore

FY20

₹3,573

FY21

₹6,277+76%

FY22

₹9,379+49%

FY23

₹5,601−40%

FY24

₹5,575−0%

FY26

₹7,450+34%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	15 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	15 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	30 May 2026	PDF XBRL
Q4 FY26	Standalone · audited	30 May 2026	PDF XBRL
Q3 FY26	Consolidated	3 Feb 2026	PDF XBRL
Q3 FY26	Standalone	3 Feb 2026	PDF XBRL
Q2 FY26	Consolidated	29 Oct 2025	PDF XBRL
Q2 FY26	Standalone	29 Oct 2025	PDF XBRL
Q1 FY26	Consolidated	12 Aug 2025	PDF XBRL
Q1 FY26	Standalone	12 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY2615.77 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 8.5×9.4×

P/B5Y avg 1.91×2.06×

ROEFY26, on average equity24.9%

Net margin23.2%

Debt / equity0.17×

Revenue CAGR (3Y)7.4%

Profit CAGR (3Y)-7.4%

EPS (TTM)₹8.48

Market cap₹70,246 Cr

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

P/B vs history

2.06×

vs 7-point avg 1.91× (+8%)

1.29× low1.91× avg2.53× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹48,320 Cr+35%

Net worth₹34,062 Cr+33%

Total borrowings₹5,874 Cr+75%

Cash & bank balances₹148 Cr+35%

Investments₹1,372 Cr+43%

Inventories₹2,522 Cr−9%

Trade receivables₹9,206 Cr+162%

Trade payables₹406 Cr−2%

Change vs the same date a year earlier.

Revenue mix FY26

Iron Ore77.3%result ₹9,846 Cr

HR Coil & Sheets12.2%result ₹16.3 Cr

Pellet ,Other Minerals, Products, Services & Others10.5%result ₹158 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23
Promoter	60.79	60.79	60.79	60.79	60.79	60.79	60.79	60.79	60.79	60.79	60.79	60.79
FII	13.59	13.60	13.47	13.04	12.21	11.72	12.12	12.05	12.60	12.76	12.60	9.91
DII	13.81	13.76	14.07	14.39	14.48	15.13	14.47	14.77	14.08	14.32	14.11	17.34
of which MF	6.91	6.71	7.07	7.16	7.07	–	–	–	–	–	–	–
Retail	10.00	10.10	9.98	10.01	10.54	10.46	10.55	10.41	10.68	10.03	10.10	9.63
Other public	1.81	1.75	1.69	1.77	1.98	1.90	2.07	1.98	1.85	2.10	2.40	2.33

11,29,202 shareholders · NSE shareholding pattern filings.