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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	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q4 FY18
Revenue from operations	14,435	14,564	15,018	15,153	14,737	15,334	14,272	13,682	13,079	12,677	12,052	11,688	11,088	10,243	9,782	9,956	9,497	9,633	10,037	10,048	9,632	9,211	9,085	8,810	8,447	7,841	7,713	0
Other income	34.6	19.6	40.9	9.7	86.5	14.8	15	23.9	13.8	29.5	19.8	13	4.2	11.6	13.7	8	8.6	19.9	33.4	8.5	8.4	4.3	4.9	12.1	1.4	62.1	4	0
Total expenses	9,201	10,169	9,904	9,613	9,158	9,858	9,106	8,609	8,743	7,477	7,900	6,864	7,371	6,353	6,185	6,528	6,556	6,796	6,619	6,722	6,854	6,516	6,272	6,040	5,966	7,241	5,333	0
EBITDA	13,988	13,333	14,363	14,677	14,521	14,250	14,009	13,585	12,362	13,102	11,812	12,181	10,771	10,392	9,737	9,162	8,323	8,196	8,971	8,893	8,368	8,139	8,260	8,184	7,676	5,544	7,148	0
EBITDA margin	96.9%	91.5%	95.6%	96.9%	98.5%	92.9%	98.2%	99.3%	94.5%	103.3%	98.0%	104.2%	97.1%	101.5%	99.5%	92.0%	87.6%	85.1%	89.4%	88.5%	86.9%	88.4%	90.9%	92.9%	90.9%	70.7%	92.7%	–
Finance costs	8,748	8,931	9,243	9,131	8,934	8,768	8,837	8,506	8,020	7,896	7,654	7,350	7,049	6,496	6,134	5,728	5,376	5,353	5,548	5,562	5,588	5,441	5,445	5,411	5,193	4,940	4,766	0
Depreciation	6.8	6.9	6.8	6.7	6.7	6.5	6.3	6	5.9	6	6	6.1	5.8	6.3	6.1	5.9	6	5.5	5.1	4.7	2.9	2.9	2.6	2.6	2.8	3.6	2.8	0
Profit before tax	5,268	4,415	5,136	5,549	5,666	5,490	5,181	5,097	4,349	5,229	4,172	4,838	3,721	3,901	3,610	3,436	2,950	2,857	3,452	3,335	2,786	2,700	2,818	2,782	2,482	662	2,383	0
Tax	1,076	1,039	1,084	1,134	1,201	1,180	1,105	1,060	889	1,150	863	1,048	753	836	695	704	496	556	678	642	518	627	549	587	639	190	720	0
Net profit	4,193	3,375	4,052	4,415	4,466	4,310	4,076	4,038	3,460	4,079	3,308	3,790	2,968	3,065	2,915	2,732	2,454	2,301	2,773	2,692	2,269	2,078	2,258	2,197	1,845	474	1,667	0
Net margin	29.0%	23.2%	27.0%	29.1%	30.3%	28.1%	28.6%	29.5%	26.5%	32.2%	27.5%	32.4%	26.8%	29.9%	29.8%	27.4%	25.8%	23.9%	27.6%	26.8%	23.6%	22.6%	24.9%	24.9%	21.8%	6.0%	21.6%	–
EPS (₹)	15.92	12.69	15.39	16.77	16.96	16.24	15.48	15.33	13.14	15.36	12.56	14.39	11.27	11.51	11.07	10.38	12.43	11.65	14.04	13.63	11.49	10.53	11.44	11.14	9.34	2.40	8.44	0.00
Net profit YoY	−6.1%	−21.7%	−0.6%	+9.3%	+29.1%	+5.7%	+23.2%	+6.5%	+16.6%	+33.1%	+13.5%	+38.7%	+20.9%	+33.2%	+5.1%	+1.5%	+8.2%	+10.8%	+22.8%	+22.5%	+22.9%	+338.4%	+35.5%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	59,584	56,367	47,505	39,478	39,269	35,553	29,930	23,054
Other income	44.2	67.5	66.5	41.9	70.2	22.7	77.3	47
Total expenses	38,844	36,317	29,611	25,622	26,897	24,794	22,986	16,160
EBITDA	57,006	54,206	47,865	37,613	34,441	32,259	25,947	20,823
EBITDA margin	95.7%	96.2%	100.8%	95.3%	87.7%	90.7%	86.7%	90.3%
Finance costs	36,238	34,131	29,948	23,733	22,051	21,489	18,991	13,860
Depreciation	27.1	24.7	24	24.3	18.2	10.9	11.8	69.6
Profit before tax	20,766	20,117	17,960	13,898	12,442	10,782	7,021	6,941
Tax	4,458	4,233	3,814	2,731	2,395	2,401	2,058	2,252
Net profit	16,308	15,884	14,145	11,167	10,036	8,378	4,972	4,689
Net margin	27.4%	28.2%	29.8%	28.3%	25.6%	23.6%	16.6%	20.3%
EPS (₹)	61.81	60.20	53.59	42.28	50.82	42.42	25.18	23.75
Net profit YoY	+2.7%	+12.3%	+26.7%	+11.3%	+19.8%	+68.5%	–	–

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	5,972	−39,101	−57,723	−37,360	−3,910
Investing cash flow	−3,308	−1,265	−1,831	−943	−287
Financing cash flow	−2,375	40,034	59,588	38,123	3,159
Capital expenditure	75.2	81.3	33.6	17.7	21.8
Free cash flow (CFO − capex)	5,896	−39,182	−57,756	−37,377	−3,931

Net profit trend

annual, ₹ crore

FY21

₹8,378

FY22

₹10,036+20%

FY23

₹11,167+11%

FY24

₹14,145+27%

FY25

₹15,884+12%

FY26

₹16,308+3%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	24 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	24 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	–	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	28 Apr 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	28 Apr 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q3 FY26	Consolidated	29 Jan 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	–	PDF on NSE XBRL
Q3 FY26	Standalone	–	PDF on NSE XBRL
Q3 FY26	Standalone	29 Jan 2026	PDF on NSE XBRL

Annual reports

NSE archive

FY2623.27 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 5.1×5.1×

P/B5Y avg 1.18×0.97×

ROEFY26, on average equity20.0%

Net margin27.4%

Debt / equity2.30×

Revenue CAGR (3Y)14.7%

Profit CAGR (3Y)13.5%

EPS (TTM)₹60.90

Market cap₹82,407 Cr

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

P/B vs history

0.97×

vs 10-point avg 1.18× (−18%)

0.46× low1.18× avg1.99× high

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

Balance sheet 31 Mar 2026

Total assets₹6.4L Cr+4%

Net worth₹85,054 Cr+9%

Total borrowings₹1.95L Cr+1%

Cash & bank balances₹293 Cr+26%

Investments₹9,831 Cr+47%

Inventories₹0 Cr

Trade receivables₹293 Cr+25%

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	52.63	52.63	52.63	52.63	52.63	52.63	52.63	52.63	52.63	52.63	52.63	52.63
FII	15.76	15.79	16.46	17.97	19.16	20.48	21.73	21.23	20.43	19.92	20.60	20.36
DII	16.98	16.35	16.22	15.86	15.50	14.79	13.90	14.25	14.68	15.44	14.17	14.10
of which MF	8.51	9.02	9.18	9.41	9.66	–	–	–	–	–	–	–
Retail	11.88	12.48	12.20	11.31	10.58	9.94	9.65	9.85	10.14	9.67	10.06	10.07
Other public	2.75	2.75	2.49	2.23	2.13	2.16	2.09	2.04	2.12	2.34	2.54	2.84

11,75,194 shareholders · NSE shareholding pattern filings.