Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 | 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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 525 | 535 | 494 | 444 | 403 | 441 | 424 | 420 | 385 | 378 | 340 | 337 | 321 | 307 | 285 | 275 | 258 | 230 | 223 | 212 | 213 | 204 | 200 | 170 | 171 | 180 | 174 | 162 | 160 | 0 |
| Other income | 33.4 | 17.8 | 26.3 | 33.9 | 41.7 | 24.3 | 21.8 | 26.1 | 16.9 | 15 | 16.6 | 14.1 | 13.1 | 8.5 | 14.4 | 8.7 | 8.2 | 7.1 | 12.3 | 10.3 | 6.7 | 5 | 3.2 | 3.5 | 5.2 | 4 | 5 | 4.2 | 4.7 | 0 |
| Total expenses | 443 | 469 | 417 | 357 | 323 | 345 | 335 | 329 | 304 | 301 | 269 | 271 | 252 | 241 | 233 | 225 | 217 | 192 | 186 | 173 | 169 | 163 | 157 | 138 | 149 | 151 | 144 | 138 | 136 | 0 |
| EBITDA | 125 | 110 | 111 | 115 | 106 | 119 | 115 | 115 | 104 | 96.6 | 90.2 | 84.2 | 87.2 | 83.2 | 71 | 64.7 | 55.7 | 51.2 | 50.9 | 55.3 | 54.2 | 57.8 | 56.5 | 45.9 | 40.2 | 45.6 | 41.8 | 36.4 | 35.6 | 0 |
| EBITDA margin | 23.8% | 20.7% | 22.5% | 25.8% | 26.3% | 27.1% | 27.0% | 27.5% | 27.0% | 25.5% | 26.6% | 25.0% | 27.2% | 27.1% | 24.9% | 23.5% | 21.6% | 22.2% | 22.8% | 26.1% | 25.4% | 28.4% | 28.3% | 26.9% | 23.4% | 25.2% | 24.1% | 22.5% | 22.2% | – |
| Finance costs | 6.5 | 6.4 | 6 | 3 | 3 | 2.2 | 3.3 | 3.3 | 3.2 | 3.1 | 3.5 | 2.2 | 2.5 | 2.3 | 4.8 | 0.5 | 1.4 | −0.6 | 0.2 | 3.2 | −1.8 | 4.8 | 2.8 | 2.8 | 8.1 | 5.4 | 1.6 | 3.2 | 1.9 | 0 |
| Depreciation | 36.3 | 38.2 | 28.8 | 24.9 | 23.3 | 21 | 21.5 | 20.9 | 19.6 | 16.2 | 16.2 | 16 | 15.5 | 14.8 | 14.2 | 14.3 | 14 | 13.6 | 13.5 | 12.9 | 12.5 | 12.6 | 11.4 | 11 | 9.5 | 10.8 | 10.2 | 10 | 9.3 | 0 |
| Profit before tax | 116 | 83.5 | 95.9 | 121 | 122 | 121 | 112 | 117 | 98 | 92.2 | 87.1 | 80.1 | 83 | 74.6 | 66.4 | 58.7 | 48.5 | 45.3 | 49.4 | 49.5 | 50.1 | 45.5 | 45.5 | 35.5 | 27.8 | 33.4 | 35 | 27.3 | 29 | 0 |
| Tax | 32 | 20.2 | 26.8 | 29.9 | 29.9 | 31 | 28 | 30.5 | 24.4 | 24.1 | 22.8 | 18.8 | 20.3 | 16.3 | 16.8 | 15.8 | 12.6 | 11.3 | 12.2 | 12.6 | 13 | 10.7 | 11 | 9.5 | 6.2 | 8.6 | 7.1 | 7.9 | 7.5 | 0 |
| Net profit | 85.3 | 65 | 70.8 | 91.8 | 93.1 | 91.8 | 85.2 | 87.5 | 74 | 68.4 | 65 | 62.2 | 62.7 | 58.8 | 50 | 43.5 | 36.2 | 34.5 | 38.2 | 37.6 | 38.8 | 35.3 | 35 | 26.7 | 22.7 | 25 | 28.4 | 19.8 | 21.5 | 0 |
| Net margin | 16.2% | 12.2% | 14.3% | 20.7% | 23.1% | 20.8% | 20.1% | 20.8% | 19.2% | 18.1% | 19.1% | 18.4% | 19.5% | 19.2% | 17.6% | 15.8% | 14.0% | 15.0% | 17.1% | 17.7% | 18.2% | 17.3% | 17.5% | 15.7% | 13.2% | 13.9% | 16.3% | 12.3% | 13.4% | – |
| EPS (₹) | 8.49 | 6.54 | 7.00 | 9.06 | 9.19 | 8.92 | 8.48 | 9.01 | 7.71 | 7.12 | 6.78 | 6.48 | 6.54 | 6.13 | 5.21 | 4.53 | 3.77 | 3.60 | 3.99 | 3.92 | 4.26 | 4.00 | 3.97 | 3.03 | 2.57 | 2.83 | 3.22 | 2.24 | 2.43 | 2.63 |
| Net profit YoY | −8.4% | −29.2% | −16.9% | +5.0% | +25.7% | +34.3% | +31.1% | +40.6% | +18.1% | +16.2% | +30.0% | +43.0% | – | +62.6% | +44.9% | +13.8% | −6.9% | −2.3% | +9.2% | +40.7% | +71.5% | +41.1% | +23.3% | +34.9% | +5.5% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,875 | 1,670 | 1,376 | 1,115 | 923 | 786 | 687 | 611 | 0 |
| Other income | 120 | 89.1 | 58.7 | 36.2 | 37.9 | 18.4 | 18.5 | 18.3 | 0 |
| Total expenses | 1,567 | 1,312 | 1,093 | 916 | 768 | 628 | 582 | 530 | 0 |
| EBITDA | 442 | 453 | 358 | 265 | 213 | 214 | 164 | 129 | 0 |
| EBITDA margin | 23.6% | 27.1% | 26.0% | 23.8% | 23.1% | 27.3% | 23.9% | 21.2% | – |
| Finance costs | 18.3 | 12 | 11.3 | 8.8 | 4.3 | 8.5 | 18.3 | 11.8 | 0 |
| Depreciation | 116 | 82.6 | 63.9 | 57.2 | 54 | 47.5 | 40.5 | 37.3 | 0 |
| Profit before tax | 422 | 447 | 342 | 236 | 193 | 177 | 124 | 100 | 0 |
| Tax | 107 | 114 | 86 | 58.2 | 48.7 | 44.2 | 29.8 | 34.7 | 0 |
| Net profit | 321 | 339 | 258 | 179 | 147 | 136 | 95.9 | 65.4 | 0 |
| Net margin | 17.1% | 20.3% | 18.8% | 16.1% | 15.9% | 17.3% | 14.0% | 10.7% | – |
| EPS (₹) | 31.79 | 34.13 | 26.92 | 18.69 | 15.28 | 15.25 | 10.86 | 7.41 | 1.83 |
| Net profit YoY | −5.3% | +31.1% | +44.1% | +22.4% | +7.8% | +41.7% | +46.6% | – | – |
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 | 241 | 241 | 266 | 191 | 123 |
| Investing cash flow | −225 | −1,191 | −241 | −179 | −85.3 |
| Financing cash flow | 20.2 | 953 | −20.2 | −12.5 | −35.3 |
| Capital expenditure | 308 | 325 | 277 | 239 | 156 |
| Free cash flow (CFO − capex) | −67.7 | −83.9 | −10.9 | −48.4 | −32.1 |
Net profit trend
annual, ₹ croreFY21
₹136
FY22
₹147+8%
FY23
₹179+22%
FY24
₹258+44%
FY25
₹339+31%
FY26
₹321−5%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 25 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 25 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 5 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 5 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 8 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 8 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 8 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 55.3×55.9×
P/B5Y avg 8.10×5.63×
ROEFY26, on average equity10.9%
Net margin17.1%
Debt / equity0.11×
Revenue CAGR (3Y)18.9%
Profit CAGR (3Y)21.4%
EPS (TTM)₹30.87
Market cap₹17,478 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.63×
vs 8-point avg 8.10× (−31%)
3.89× low8.10× avg10.96× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,919 Cr+23%
Net worth₹3,106 Cr+12%
Total borrowings₹342 Cr+92%
Cash & bank balances₹51 Cr+489%
Investments₹740 Cr−30%
Inventories₹434 Cr+52%
Trade receivables₹531 Cr+52%
Trade payables₹123 Cr+42%
Change vs the same date a year earlier.