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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q1 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	Q3 FY22	Q2 FY22	Q1 FY22
Revenue from operations	3,129	3,307	2,701	2,458	2,873	3,042	2,409	2,269	2,636	2,933	2,421	2,573	2,806	2,929	2,605	2,401	2,652	2,930	2,165	2,020	2,203
Other income	3.6	2.6	2.8	3.9	14.8	4.3	0.2	10.4	4.5	7.2	10.9	6	9.5	2.5	4.2	1.9	13.3	14.9	14.5	7.1	5.6
Total expenses	2,856	3,028	2,639	2,410	2,686	2,823	2,494	2,397	2,636	2,786	2,375	2,609	2,791	2,925	2,709	2,572	2,641	2,881	2,311	2,066	2,051
EBITDA	568	588	384	367	519	552	258	219	343	491	410	330	393	380	268	192	361	425	227	331	514
EBITDA margin	18.2%	17.8%	14.2%	14.9%	18.1%	18.1%	10.7%	9.6%	13.0%	16.7%	17.0%	12.8%	14.0%	13.0%	10.3%	8.0%	13.6%	14.5%	10.5%	16.4%	23.3%
Finance costs	70.3	81	98.7	102	117	113	126	132	127	125	133	140	135	137	134	124	117	131	141	146	151
Depreciation	226	228	223	218	215	220	217	215	216	218	231	226	244	239	240	240	233	244	231	231	212
Profit before tax	276	233	64.5	51.2	202	224	−84.7	−118	5.1	155	56.8	−29.6	23.7	−399	−101	−170	24.8	64	−131	−39.3	157
Tax	116	92.4	15.2	14.8	68.4	58.2	−23.3	−32.5	2.3	54.7	25.8	−31.1	9.3	−601	−25.4	−39.4	4.3	34.9	−45.7	−13.6	43.2
Net profit	160	141	49.4	36.4	133	166	−61.4	−85.2	2.8	100	31	1.5	14.5	201	−75.3	−130	20.5	29.1	−85.5	−25.8	114
Net margin	5.1%	4.3%	1.8%	1.5%	4.6%	5.4%	-2.5%	-3.8%	0.1%	3.4%	1.3%	0.1%	0.5%	6.9%	-2.9%	-5.4%	0.8%	1.0%	-4.0%	-1.3%	5.2%
EPS (₹)	4.47	3.94	1.38	1.02	3.73	4.63	-1.72	-2.38	0.08	2.81	0.87	0.04	0.40	5.63	-2.11	-3.65	0.57	0.81	-2.40	-0.75	3.35
Net profit YoY	+19.9%	−14.9%	+180.4%	+142.8%	+4588.7%	+65.0%	−297.8%	−5666.7%	−80.4%	−50.1%	+141.2%	+101.2%	−29.4%	+590.7%	+12.0%	−405.9%	−82.1%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22
Revenue from operations	11,338	10,357	10,733	10,586	9,318
Other income	24.1	19.4	33.5	13.2	42.1
Total expenses	10,764	10,350	10,560	10,839	9,309
EBITDA	1,857	1,372	1,624	1,210	1,497
EBITDA margin	16.4%	13.2%	15.1%	11.4%	16.1%
Finance costs	398	496	533	512	570
Depreciation	884	869	919	951	918
Profit before tax	551	26.5	206	−645	50.9
Tax	191	4.7	58.6	−661	18.8
Net profit	360	21.8	147	15.9	32.1
Net margin	3.2%	0.2%	1.4%	0.1%	0.3%
EPS (₹)	10.07	0.61	4.13	0.44	0.93
Net profit YoY	+1547.3%	−85.2%	+829.2%	−50.6%	–

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	1,485	1,329	1,593	1,711	1,221
Investing cash flow	−2,500	−337	−573	−260	−190
Financing cash flow	927	−913	−1,114	−1,362	−1,420
Capital expenditure	710	350	581	486	411
Free cash flow (CFO − capex)	775	978	1,011	1,225	810

Net profit trend

annual, ₹ crore

FY22

₹32.1

FY23

₹15.9−51%

FY24

₹147+829%

FY25

₹21.8−85%

FY26

₹360+1547%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	13 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	13 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	14 Apr 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	14 Apr 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	15 Jan 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	–	PDF on NSE XBRL
Q3 FY26	Consolidated	–	PDF on NSE XBRL
Q3 FY26	Standalone	–	PDF on NSE XBRL
Q3 FY26	Standalone	15 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	15 Oct 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2613.05 MB FY25 FY24 FY23 FY22

Key ratios

P/E (TTM)5Y avg 345.5×31.0×

P/B5Y avg 1.38×1.17×

ROEFY26, on average equity3.7%

Net margin3.2%

Debt / equity0.44×

Revenue CAGR (3Y)2.3%

Profit CAGR (3Y)183.1%

EPS (TTM)₹10.81

Market cap₹11,981 Cr

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

P/B vs history

1.17×

vs 8-point avg 1.38× (−15%)

0.98× low1.38× avg1.69× high

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

Balance sheet 31 Mar 2026

Total assets₹20,299 Cr+12%

Net worth₹10,229 Cr+14%

Total borrowings₹4,541 Cr+19%

Cash & bank balances₹88 Cr−50%

Investments₹1 Cr+0%

Inventories₹745 Cr−2%

Trade receivables₹744 Cr+13%

Trade payables₹1,643 Cr+3%

Change vs the same date a year earlier.

Revenue mix FY26

Cement90.6%result ₹997 Cr

Ready Mix Concrete and Others9.4%result ₹−24.3 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	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	72.02	72.02	72.02	72.02	72.02	72.02	72.02	72.02	72.02	72.02	71.79	71.79
FII	4.71	4.88	5.00	5.19	3.82	3.55	3.37	3.24	3.50	3.43	3.05	3.15
DII	17.99	18.34	18.09	18.10	19.10	19.37	19.27	18.86	18.46	18.60	19.97	19.95
of which MF	17.44	17.87	17.92	17.97	18.98	–	–	–	–	–	–	–
Retail	4.56	4.13	4.18	4.00	4.36	4.42	4.62	5.09	5.22	5.02	4.37	4.29
Other public	0.72	0.63	0.71	0.69	0.70	0.64	0.72	0.79	0.80	0.93	0.82	0.82

1,79,030 shareholders · NSE shareholding pattern filings.