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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	Q2 FY20	Q1 FY20	Q4 FY19	Q4 FY18
Revenue from operations	5,755	5,028	5,345	4,818	4,883	4,217	4,657	4,157	4,104	3,298	3,467	2,982	2,628	2,183	2,303	1,953	1,803	13.3	1,499	1,178	492	906	854	585	248	843	988	855	800	0	0
Other income	29.8	27.9	18.8	27.6	40.6	74.3	59.1	48	46	76.9	80.3	80.1	52	85.3	61.9	69.9	43.8	0.4	30.9	47.4	52.8	67.4	42.3	37.2	54.6	37.6	39.4	43.5	24	0	0
Total expenses	5,083	4,521	4,674	4,367	4,369	3,874	4,096	3,744	3,705	3,074	3,101	2,774	2,495	2,208	2,190	1,899	1,734	13.6	1,384	1,117	675	914	809	708	496	888	945	848	754	0	0
EBITDA	1,129	927	1,081	817	848	652	842	643	613	470	629	457	367	203	323	256	292	1.3	273	210	−43.1	124	171	0.4	−124	83.6	168	129	163	0	0
EBITDA margin	19.6%	18.4%	20.2%	17.0%	17.4%	15.5%	18.1%	15.5%	14.9%	14.2%	18.1%	15.3%	14.0%	9.3%	14.0%	13.1%	16.2%	10.1%	18.2%	17.8%	-8.8%	13.7%	20.1%	0.1%	-49.8%	9.9%	17.0%	15.1%	20.4%	–	–
Finance costs	47	43.8	42.9	41.6	40	37.5	36.5	33	31.6	32.5	98.8	95.5	92.3	91.6	91.3	91	95.4	0.8	76.7	75.4	71.2	64.3	63.9	60.4	60.1	61.6	61.4	61.5	61.3	0	0
Depreciation	410	377	367	325	293	272	245	197	181	213	165	152	141	137	118	112	127	0.9	80.5	72.9	68.5	67.8	63.1	62.9	63.5	66.9	63.3	61	56.1	0	0
Profit before tax	702	535	664	478	555	417	620	461	446	877	446	289	186	57.2	176	123	113	0.1	131	109	−142	59.1	86.8	−86.6	−193	−7.2	82.4	50.3	69.9	0	0
Tax	174	106	166	104	140	104	149	132	110	207	105	86.3	45.6	18.8	49.7	58.2	31.8	0.2	43.5	39	−25.4	22.4	25.7	−24.3	−47.5	−39.9	44.7	21.1	33	0	0
Net profit	518	413	510	373	425	312	497	335	391	712	371	228	167	45	155	78.9	115	−0.2	114	80	−138	17.4	64	−78.6	−184	3.2	49.2	17.3	36.3	0	0
Net margin	9.0%	8.2%	9.5%	7.8%	8.7%	7.4%	10.7%	8.1%	9.5%	21.6%	10.7%	7.6%	6.3%	2.1%	6.7%	4.0%	6.4%	-1.6%	7.6%	6.8%	-28.1%	1.9%	7.5%	-13.4%	-74.1%	0.4%	5.0%	2.0%	4.5%	–	–
EPS (₹)	9.73	11.26	14.42	10.60	12.09	8.95	13.99	9.53	11.04	19.81	10.53	6.60	4.88	1.52	4.70	2.62	3.67	0.00	3.93	2.60	-3.56	0.82	2.08	-2.01	-4.99	0.36	1.52	0.54	1.13	0.00	0.00
Net profit YoY	+22.0%	+32.6%	+2.7%	+11.4%	+8.6%	−56.2%	+34.0%	+46.9%	+134.7%	+1482.1%	+139.4%	+188.9%	+45.0%	+21666.8%	+36.1%	−1.3%	+183.1%	−101.2%	+77.7%	+201.8%	+24.9%	+442.3%	+30.2%	−554.8%	−606.7%	–	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	20,074	17,135	12,375	8,242	45	2,593	3,486	2,630	2,157
Other income	115	219	289	261	1.8	202	145	40.8	44.2
Total expenses	17,930	15,410	11,443	8,031	45.4	2,927	3,435	2,491	2,032
EBITDA	3,673	2,758	1,922	1,074	5.7	172	544	228	201
EBITDA margin	18.3%	16.1%	15.5%	13.0%	12.8%	6.6%	15.6%	8.7%	9.3%
Finance costs	168	139	319	369	3	249	246	36.8	30.6
Depreciation	1,361	895	671	494	3.1	257	247	51.7	45.5
Profit before tax	2,233	1,943	1,797	469	1.1	−133	195	180	169
Tax	515	495	443	158	0.8	−23.7	59	73.6	59.6
Net profit	1,721	1,534	1,477	394	0.3	−181	106	94.8	87
Net margin	8.6%	9.0%	11.9%	4.8%	0.8%	-7.0%	3.0%	3.6%	4.0%
EPS (₹)	48.37	43.51	41.82	12.51	2.98	-4.11	3.53	2.92	2.62
Net profit YoY	+12.2%	+3.9%	+275.3%	+113683.2%	+100.2%	−270.9%	+11.7%	+9.0%	–

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	2,668	1,661	1,349	595	0.6
Investing cash flow	−1,578	−923	−508	−103	0.6
Financing cash flow	−1,148	−694	−629	−491	−1.1
Capital expenditure	1,763	1,268	737	503	2.7
Free cash flow (CFO − capex)	905	393	612	91.5	−2.1

Net profit trend

annual, ₹ crore

FY21

₹−181

FY22

₹0.3+100%

FY23

₹394+113683%

FY24

₹1,477+275%

FY25

₹1,534+4%

FY26

₹1,721+12%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	6 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	6 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated	22 Apr 2026	PDF on NSE XBRL
Q4 FY26	Standalone	22 Apr 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	4 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	4 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	7 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	7 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	6 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	6 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2620.17 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 68.4×52.3×

P/B5Y avg 19.68×13.59×

ROEFY26, on average equity27.7%

Net margin8.6%

Debt / equity0.07×

Revenue CAGR (3Y)34.5%

Profit CAGR (3Y)63.5%

EPS (TTM)₹51.05

Market cap₹94,894 Cr

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

P/B vs history

13.59×

vs 8-point avg 19.68× (−31%)

11.18× low19.68× avg38.36× high

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

Balance sheet 31 Mar 2026

Total assets₹11,729 Cr+25%

Net worth₹6,985 Cr+28%

Total borrowings₹500 Cr+0%

Cash & bank balances₹281 Cr−17%

Investments₹1,385 Cr−6%

Inventories₹2,289 Cr+12%

Trade receivables₹51 Cr−19%

Trade payables₹1,211 Cr+30%

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	37.01	37.01	37.01	37.01	37.01	37.01	37.01	37.01	37.01	37.01	37.01	37.01
FII	15.14	15.59	15.62	16.82	18.39	19.66	21.68	26.62	27.87	26.80	25.91	26.17
DII	23.27	22.37	21.50	19.98	18.54	17.24	15.29	13.39	13.19	13.91	14.84	14.91
of which MF	14.64	13.92	14.19	13.52	13.12	–	–	–	–	–	–	–
Retail	14.43	15.04	15.36	15.43	14.50	14.57	14.42	14.35	14.55	14.74	14.72	14.34
Other public	10.15	9.99	10.51	10.76	11.56	11.52	11.60	8.63	7.38	7.54	7.52	7.57

5,20,340 shareholders · NSE shareholding pattern filings.