Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY23
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,013 | 1,912 | 1,768 | 2,616 | 1,131 | 1,058 | 998 | 769 | 723 | 513 | 460 | 396 | 376 | 270 | 267 |
| Other income | 8 | 16.6 | 7.4 | 12.3 | 4.3 | 4.8 | 7.1 | 19.7 | 1.2 | 1.6 | 0.5 | 0.9 | 0.8 | 0.2 | 0.1 |
| Total expenses | 1,886 | 1,802 | 1,669 | 2,481 | 1,077 | 1,013 | 956 | 742 | 696 | 497 | 449 | 387 | 362 | 262 | 259 |
| EBITDA | 157 | 141 | 122 | 171 | 71.4 | 63 | 57.3 | 38.8 | 37.3 | 25.3 | 18 | 15.3 | 18.6 | 11.7 | 12.1 |
| EBITDA margin | 7.8% | 7.4% | 6.9% | 6.5% | 6.3% | 6.0% | 5.7% | 5.0% | 5.2% | 4.9% | 3.9% | 3.9% | 5.0% | 4.3% | 4.5% |
| Finance costs | 25.4 | 26.8 | 21.2 | 30.8 | 13.3 | 14 | 12.2 | 10.1 | 8 | 6.6 | 4.7 | 5 | 4.2 | 3.6 | 3.1 |
| Depreciation | 4.5 | 4.3 | 2.5 | 6 | 3.6 | 3.6 | 2.9 | 2.2 | 2.1 | 2.1 | 1.8 | 1.4 | 1 | 0.4 | 0.4 |
| Profit before tax | 135 | 126 | 106 | 147 | 58.9 | 50.2 | 49.4 | 46.2 | 28.5 | 18.1 | 12 | 9.7 | 14.3 | 7.9 | 8.8 |
| Tax | 29.9 | 35.4 | 25.6 | 36.2 | 15.3 | 12 | 12.8 | 9.5 | 7.2 | 4.5 | 3 | 2.5 | 3.6 | 1.8 | 2.5 |
| Net profit | 105 | 90.7 | 80.5 | 111 | 43.6 | 38.2 | 36.5 | 36.7 | 21.2 | 13.6 | 8.9 | 7.3 | 10.7 | 6.1 | 6.3 |
| Net margin | 5.2% | 4.7% | 4.6% | 4.2% | 3.9% | 3.6% | 3.7% | 4.8% | 2.9% | 2.7% | 1.9% | 1.8% | 2.8% | 2.3% | 2.4% |
| EPS (₹) | 6.67 | 5.44 | 5.20 | 7.38 | 2.97 | 2.60 | 2.52 | 34.58 | 16.04 | 10.33 | 8.15 | 6.76 | 9.93 | 5.66 | 5.91 |
| Net profit YoY | +140.7% | +137.6% | +120.4% | +201.2% | +105.3% | +180.5% | +309.1% | +405.2% | +98.9% | +123.9% | +40.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 6,295 | 3,548 | 1,745 | 1,154 |
| Other income | 36.4 | 33 | 3.7 | 1 |
| Total expenses | 5,952 | 3,407 | 1,695 | 1,130 |
| EBITDA | 434 | 196 | 77.2 | 36.3 |
| EBITDA margin | 6.9% | 5.5% | 4.4% | 3.1% |
| Finance costs | 78.8 | 44.4 | 20.5 | 10.8 |
| Depreciation | 12.8 | 10.7 | 6.4 | 1.4 |
| Profit before tax | 379 | 174 | 54.1 | 25 |
| Tax | 97.2 | 41.6 | 13.6 | 6.4 |
| Net profit | 282 | 133 | 40.5 | 18.6 |
| Net margin | 4.5% | 3.7% | 2.3% | 1.6% |
| EPS (₹) | 18.07 | 9.52 | 35.18 | 17.32 |
| Net profit YoY | +112.5% | +227.7% | +117.5% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | −44.9 | −273 | −138 | −6.5 |
| Investing cash flow | −124 | −157 | −106 | −19.8 |
| Financing cash flow | 171 | 427 | 239 | 43.2 |
| Capital expenditure | 95.2 | 0 | 19.7 | 2.3 |
| Free cash flow (CFO − capex) | −140 | −273 | −158 | −8.8 |
Net profit trend
annual, ₹ croreFY23
₹18.6
FY24
₹40.5+118%
FY25
₹133+228%
FY26
₹282+112%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 9 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 9 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 27 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 27 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 9 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 9 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 28.6×31.8×
P/B5Y avg 6.03×10.25×
ROEFY26, on average equity29.9%
Net margin4.5%
Debt / equity0.73×
Revenue CAGR (3Y)76.0%
Profit CAGR (3Y)147.4%
EPS (TTM)₹24.97
Market cap₹12,290 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
10.25×
vs 7-point avg 6.03× (+70%)
3.93× low6.03× avg12.01× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,195 Cr+62%
Net worth₹1,199 Cr+75%
Total borrowings₹869 Cr+38%
Cash & bank balances₹8 Cr−27%
Investments₹44 Cr−43%
Inventories₹786 Cr+98%
Trade receivables₹563 Cr+24%
Trade payables₹91 Cr+250%
Change vs the same date a year earlier.