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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q2 FY20

₹ 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	Q2 FY20
Revenue from operations	589	473	512	534	528	421	443	458	450	365	388	370	427	303	303	315	293	193	204	189	120	133	112	62.9	20.1	144	166	171
Other income	7.2	7.1	6.1	5.8	5.8	6	7.2	7.1	8.2	5.1	3.7	2.9	2.3	2.7	2.5	2.5	1.7	1.8	2.3	2	1.9	0.4	0.8	0.7	1.2	0.7	0.2	0.1
Total expenses	535	431	477	479	468	378	409	427	401	315	335	321	363	256	260	283	260	183	197	177	119	125	113	75.7	46.5	140	154	162
EBITDA	75.4	61.8	55.7	74	79.3	60.9	50.4	47.9	65.9	66.9	68.2	63.5	79	58.3	55	41.9	41.7	16.9	13.2	18.1	7	13.4	5.4	−5.4	−19.1	13.2	20	17.2
EBITDA margin	12.8%	13.1%	10.9%	13.9%	15.0%	14.5%	11.4%	10.5%	14.6%	18.3%	17.6%	17.2%	18.5%	19.3%	18.1%	13.3%	14.2%	8.8%	6.5%	9.6%	5.9%	10.1%	4.8%	-8.5%	-94.8%	9.2%	12.1%	10.0%
Finance costs	2.5	2	2.3	2.1	2.2	2	2	2.4	2.4	2.3	2.4	2.2	2.6	2.2	2.6	1.9	1.3	1.2	1.3	1.4	1	0.7	1.2	1.9	2	2.1	2	3.1
Depreciation	19	17.9	17.7	17.6	17.4	15.4	14.7	14.7	14.2	13.7	12.9	12.3	12.9	9.2	9.4	8	6.7	5.6	5	4.7	4.5	4.7	4.8	5.6	5.3	6.5	5.5	5.1
Profit before tax	61.1	49.1	41.7	60.1	65.4	49.4	40.8	37.8	57.5	55.9	56.6	51.9	65.8	49.6	45.5	34.5	35.4	2.7	9.1	13.9	3.4	8.4	0.1	−12.1	−25.2	5.3	12.7	9.1
Tax	13.3	11.6	8.9	13.2	15	11.8	9.7	8.2	13.1	12.7	13.6	12.1	15.8	11.5	11.1	8.6	8.8	0.3	2.2	3.3	0.9	2.1	−1	−3.1	−5.9	0.6	3.2	0.9
Net profit	47.8	37.5	32.9	46.9	50.5	37.6	31.1	29.7	44.4	43.2	42.9	39.8	49.9	38.1	34.5	25.9	26.6	2.4	6.9	10.6	2.5	6.2	1.2	−9	−19.3	4.7	9.5	8.2
Net margin	8.1%	7.9%	6.4%	8.8%	9.6%	8.9%	7.0%	6.5%	9.9%	11.8%	11.1%	10.7%	11.7%	12.6%	11.4%	8.2%	9.1%	1.2%	3.4%	5.6%	2.0%	4.7%	1.1%	-14.3%	-96.1%	3.2%	5.7%	4.8%
EPS (₹)	9.75	7.65	6.72	9.58	10.33	7.69	6.37	6.07	9.11	9.00	9.02	16.74	21.06	16.06	14.54	11.36	11.88	1.07	3.08	4.74	1.10	2.78	0.53	-4.01	-8.64	2.09	4.25	3.68
Net profit YoY	−5.4%	−0.3%	+5.6%	+58.3%	+13.7%	−13.0%	−27.4%	−25.4%	−11.1%	+13.4%	+24.5%	+53.3%	+87.8%	+1489.1%	+399.6%	+144.2%	+985.1%	−61.4%	+481.8%	+218.4%	+112.7%	+32.7%	−87.5%	−209.3%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20
Revenue from operations	2,047	1,772	1,550	1,212	706	328	686
Other income	24.8	28.5	13.9	9.5	8	3.3	1
Total expenses	1,855	1,614	1,334	1,056	675	360	647
EBITDA	271	225	278	197	55.2	−6	72
EBITDA margin	13.2%	12.7%	17.9%	16.2%	7.8%	-1.8%	10.5%
Finance costs	8.6	8.8	9.5	8	4.9	5.8	10.2
Depreciation	70.6	59.1	51.8	33.3	19.9	20.4	22.5
Profit before tax	216	186	230	165	29.1	−28.8	40.2
Tax	48.6	42.8	54.3	40	6.7	−7.9	9.6
Net profit	168	143	176	125	22.4	−20.9	30.7
Net margin	8.2%	8.1%	11.3%	10.3%	3.2%	-6.4%	4.5%
EPS (₹)	34.27	29.24	36.90	52.76	9.99	-9.34	13.72
Net profit YoY	+17.5%	−18.8%	+40.5%	+459.2%	+207.0%	−168.1%	–

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	173	57.3	217	50.6	15.6
Investing cash flow	−103	−9.7	−345	−69.5	33.3
Financing cash flow	−73	−75.1	164	19.6	−14.1
Capital expenditure	70.4	145	111	50.3	44
Free cash flow (CFO − capex)	103	−88.1	106	0.3	−28.4

Net profit trend

annual, ₹ crore

FY21

₹−20.9

FY22

₹22.4+207%

FY23

₹125+459%

FY24

₹176+41%

FY25

₹143−19%

FY26

₹168+17%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	4 Aug 2026	PDF on NSE XBRL
Q1 FY27	Consolidated	–	PDF on NSE XBRL
Q1 FY27	Standalone	–	PDF on NSE XBRL
Q1 FY27	Standalone	4 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	19 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	19 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	10 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	10 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	10 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	10 Nov 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY262.98 MB FY25 FY24 FY23 FY22 FY21 FY20

Key ratios

P/E (TTM)5Y avg 49.5×43.5×

P/B5Y avg 11.47×6.44×

ROEFY26, on average equity16.2%

Net margin8.2%

Debt / equity0.00×

Revenue CAGR (3Y)19.1%

Profit CAGR (3Y)10.3%

EPS (TTM)₹33.68

Market cap₹7,175 Cr

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

P/B vs history

6.44×

vs 8-point avg 11.47× (−44%)

6.29× low11.47× avg18.68× high

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

Balance sheet 31 Mar 2026

Total assets₹1,446 Cr+10%

Net worth₹1,115 Cr+17%

Total borrowings₹0 Cr−100%

Cash & bank balances₹8 Cr−26%

Investments₹13 Cr+316%

Inventories₹330 Cr−6%

Trade receivables₹261 Cr+7%

Trade payables₹169 Cr−16%

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	Feb 24	Dec 23
Promoter	44.70	44.70	44.70	44.91	45.41	45.41	45.41	45.42	45.73	45.73	45.73	46.88
FII	10.56	10.81	12.32	12.30	13.05	13.25	12.26	12.24	12.69	13.14	13.06	13.44
DII	28.26	28.30	26.57	26.11	24.68	23.71	23.96	22.88	21.82	20.52	20.19	16.76
of which MF	20.05	20.64	19.29	18.73	17.61	–	–	–	–	–	–	–
Retail	9.69	9.24	9.05	9.31	9.39	9.76	10.28	11.15	10.78	11.31	11.60	13.16
Other public	6.79	6.95	7.36	7.37	7.47	7.87	8.09	8.31	8.98	9.30	9.42	9.76

36,853 shareholders · NSE shareholding pattern filings.