Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY24
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 926 | 814 | 784 | 568 | 511 | 446 | 422 | 451 | 418 | 369 |
| Other income | 12.9 | 12.8 | 12.3 | 15.2 | 12.7 | 16.4 | 16.6 | 7 | 15.5 | 6.8 |
| Total expenses | 835 | 753 | 725 | 504 | 456 | 401 | 386 | 386 | 358 | 323 |
| EBITDA | 138 | 105 | 100 | 88.1 | 74.1 | 64.7 | 55.3 | 82.9 | 78.6 | 65.6 |
| EBITDA margin | 14.9% | 12.9% | 12.8% | 15.5% | 14.5% | 14.5% | 13.1% | 18.4% | 18.8% | 17.8% |
| Finance costs | 14.6 | 14.6 | 14.9 | 8.9 | 5.3 | 5.4 | 5.7 | 6 | 6.2 | 4.1 |
| Depreciation | 33 | 29.9 | 26.4 | 16.1 | 14 | 13.9 | 12.9 | 12.7 | 12.4 | 15 |
| Profit before tax | 103 | 73.7 | 66.1 | 78.2 | 75.3 | 70.8 | 56.9 | 71.3 | 75.5 | 53.3 |
| Tax | 19.9 | 13.6 | 12.4 | 10.7 | 12.3 | 11.9 | 7 | 11.2 | 14.6 | 6.9 |
| Net profit | 83.4 | 60.1 | 53.7 | 67.5 | 63 | 58.9 | 50 | 60.1 | 60.9 | 46.4 |
| Net margin | 9.0% | 7.4% | 6.8% | 11.9% | 12.3% | 13.2% | 11.8% | 13.3% | 14.6% | 12.6% |
| EPS (₹) | 7.77 | 5.62 | 5.03 | 6.32 | 5.90 | 5.54 | 4.70 | 5.71 | 5.85 | 4.58 |
| Net profit YoY | +32.4% | +2.0% | +7.4% | +12.4% | +3.4% | +27.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 2,677 | 1,737 | 1,393 |
| Other income | 51.2 | 61.8 | 22.7 |
| Total expenses | 2,438 | 1,537 | 1,181 |
| EBITDA | 370 | 275 | 258 |
| EBITDA margin | 13.8% | 15.8% | 18.5% |
| Finance costs | 43.6 | 23.3 | 10.6 |
| Depreciation | 86.4 | 51.9 | 36.2 |
| Profit before tax | 293 | 275 | 227 |
| Tax | 49 | 44.7 | 26.3 |
| Net profit | 244 | 230 | 201 |
| Net margin | 9.1% | 13.2% | 14.4% |
| EPS (₹) | 22.88 | 21.73 | 19.85 |
| Net profit YoY | +6.3% | +14.6% | – |
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 |
|---|---|---|---|
| Operating cash flow | 46.4 | 68 | 222 |
| Investing cash flow | −485 | −220 | −153 |
| Financing cash flow | 441 | 365 | 115 |
| Capital expenditure | 12.6 | 6.3 | 8.8 |
| Free cash flow (CFO − capex) | 33.9 | 61.7 | 213 |
Net profit trend
annual, ₹ croreFY24
₹201
FY25
₹230+15%
FY26
₹244+6%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 29 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 29 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 3 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 3 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 4 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 52.0×69.6×
P/B5Y avg 12.10×11.88×
ROEFY26, on average equity17.8%
Net margin9.1%
Debt / equity0.42×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹24.38
Market cap₹18,427 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
11.88×
vs 4-point avg 12.10× (−2%)
7.40× low12.10× avg18.11× high
History points are balance-sheet dates (2024 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹9,309 Cr+50%
Net worth₹1,551 Cr+30%
Total borrowings₹645 Cr+373%
Cash & bank balances₹1,022 Cr+6%
Investments₹263 Cr+53%
Inventories₹0 Cr
Trade receivables₹5,314 Cr+31%
Trade payables₹5,422 Cr+25%
Change vs the same date a year earlier.
Revenue mix FY26
Hotels and packages42.7%result ₹1,400 Cr
Hotels and Packages42.7%result ₹1,400 Cr
Air ticketing6.2%result ₹169 Cr
Air Ticketing6.2%result ₹169 Cr
Others2.2%result ₹105 Cr
Segment revenue as reported, before inter-segment eliminations.