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 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 814 | 729 | 801 | 834 | 609 | 650 | 727 | 750 | 588 | 623 | 738 | 729 | 588 | 611 | 695 | 842 | 629 | 698 | 765 | 859 | 401 | 598 | 726 | 637 | 227 | 418 | 587 | 606 | 449 | 444 |
| Other income | 17.1 | 17.4 | 17.2 | 15.3 | 17.4 | 16.6 | 17.1 | 19.8 | 21.3 | 18.5 | 18 | 17.8 | 21.1 | 17 | 13.3 | 8.6 | 6.8 | 13.4 | 5.4 | 8 | 8.3 | 5.4 | 8.7 | 7.6 | 7 | 6.3 | 5.7 | 6.2 | 4.6 | 4.6 |
| Total expenses | 758 | 688 | 754 | 761 | 591 | 621 | 669 | 699 | 554 | 567 | 673 | 668 | 544 | 550 | 630 | 737 | 563 | 601 | 649 | 728 | 369 | 502 | 615 | 557 | 231 | 395 | 515 | 529 | 400 | 391 |
| EBITDA | 81.6 | 66.9 | 71.9 | 96.5 | 40.4 | 51.4 | 79.4 | 72.5 | 54.5 | 77.2 | 85 | 80.8 | 60.6 | 80.3 | 80 | 118 | 79.9 | 109 | 129 | 143 | 44.1 | 108 | 123 | 90.7 | 6 | 37 | 82.9 | 87.4 | 55.7 | 60.4 |
| EBITDA margin | 10.0% | 9.2% | 9.0% | 11.6% | 6.6% | 7.9% | 10.9% | 9.7% | 9.3% | 12.4% | 11.5% | 11.1% | 10.3% | 13.1% | 11.5% | 14.1% | 12.7% | 15.7% | 16.9% | 16.7% | 11.0% | 18.0% | 17.0% | 14.2% | 2.6% | 8.8% | 14.1% | 14.4% | 12.4% | 13.6% |
| Finance costs | 3.9 | 2.6 | 4.3 | 4.2 | 3.9 | 3.8 | 3.8 | 4.5 | 3.5 | 4.6 | 3 | 3.2 | 2.7 | 3.1 | 2.4 | 0.8 | 1.7 | 1.5 | 1.8 | 1.7 | 1.2 | 1.9 | 1.3 | 0.9 | 1 | 2.3 | 1.1 | 1.3 | 0.9 | 1 |
| Depreciation | 21.4 | 23.4 | 19.8 | 19.2 | 18.6 | 18.7 | 17.5 | 17.3 | 17.2 | 16.6 | 17.1 | 15.9 | 14.7 | 16.1 | 12.7 | 12.4 | 11.9 | 11.4 | 11.5 | 10.9 | 10.4 | 10.1 | 10.6 | 10.3 | 9 | 11.2 | 9.3 | 8.7 | 6.3 | 6.5 |
| Profit before tax | 80.7 | 56.6 | 39.5 | 88.5 | 35.2 | −26 | 75.2 | 70.4 | 55 | 74.5 | 82.9 | 79.5 | 64.3 | 78.1 | 78.3 | 114 | 73.1 | 110 | 121 | 139 | 40.7 | 113 | 120 | 87.1 | 3.1 | 18.2 | 78.2 | 83.7 | 53 | 57.5 |
| Tax | 21.7 | 20.5 | 7.7 | 25.3 | 9.6 | 16.4 | 17.8 | 18.2 | 14.2 | 17.1 | 21.3 | 20.5 | 16.9 | 20.1 | 19.9 | 29.2 | 19.1 | 29.1 | 30.7 | 35.2 | 10.2 | 27.5 | 29.9 | 21.7 | 0.9 | 10 | 18 | 3.3 | 17.6 | 20.1 |
| Net profit | 59 | 36.1 | 31.8 | 63.2 | 25.6 | −42.4 | 57.4 | 52.3 | 40.8 | 57.4 | 61.6 | 59 | 47.3 | 58 | 57.6 | 83.9 | 53.3 | 80 | 90.7 | 104 | 30.6 | 85.4 | 83.8 | 65.4 | 2.1 | 8.2 | 60.2 | 80.3 | 35.5 | 37.4 |
| Net margin | 7.2% | 4.9% | 4.0% | 7.6% | 4.2% | -6.5% | 7.9% | 7.0% | 6.9% | 9.2% | 8.3% | 8.1% | 8.1% | 9.5% | 8.3% | 10.0% | 8.5% | 11.5% | 11.9% | 12.1% | 7.6% | 14.3% | 11.6% | 10.3% | 0.9% | 2.0% | 10.3% | 13.3% | 7.9% | 8.4% |
| EPS (₹) | 4.33 | 2.69 | 2.40 | 4.69 | 1.94 | -2.97 | 4.27 | 3.82 | 3.01 | 4.24 | 4.51 | 4.28 | 3.46 | 4.29 | 4.15 | 6.05 | 3.85 | 5.77 | 6.54 | 74.69 | 22.07 | 61.58 | 64.89 | 47.21 | 1.54 | 5.91 | 43.43 | 57.96 | 25.60 | 32.41 |
| Net profit YoY | +130.2% | +185.1% | −44.6% | +21.0% | −37.2% | −173.8% | −6.8% | −11.5% | −13.8% | −1.0% | +6.9% | −29.6% | −11.2% | −27.5% | −36.5% | −19.0% | +74.2% | −6.3% | +8.2% | +58.2% | +1329.4% | +942.2% | +39.2% | −18.5% | −94.0% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,974 | 2,715 | 2,678 | 2,777 | 2,722 | 2,187 | 2,073 | 1,871 |
| Other income | 67.3 | 74.7 | 75.3 | 45.7 | 35.1 | 28.7 | 24.7 | 12.4 |
| Total expenses | 2,794 | 2,544 | 2,452 | 2,480 | 2,347 | 1,905 | 1,852 | 1,654 |
| EBITDA | 276 | 258 | 304 | 359 | 426 | 327 | 263 | 247 |
| EBITDA margin | 9.3% | 9.5% | 11.3% | 12.9% | 15.6% | 15.0% | 12.7% | 13.2% |
| Finance costs | 15 | 15.7 | 13.4 | 8 | 6.2 | 5.1 | 5.5 | 4.1 |
| Depreciation | 81 | 70.7 | 64.4 | 53 | 44.2 | 40 | 36.6 | 25.6 |
| Profit before tax | 220 | 175 | 301 | 343 | 411 | 323 | 234 | 359 |
| Tax | 63.1 | 66.6 | 75.8 | 88.2 | 105 | 80 | 49.9 | 95.6 |
| Net profit | 157 | 108 | 225 | 253 | 305 | 237 | 185 | 263 |
| Net margin | 5.3% | 4.0% | 8.4% | 9.1% | 11.2% | 10.8% | 8.9% | 14.1% |
| EPS (₹) | 11.73 | 8.17 | 16.48 | 18.34 | 21.99 | 175.23 | 133.13 | 227.46 |
| Net profit YoY | +45.1% | −52.1% | −10.8% | −17.1% | +28.7% | +28.3% | – | – |
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 | 210 | 157 | 289 | 199 | 294 |
| Investing cash flow | −88.7 | 204 | −185 | −157 | −221 |
| Financing cash flow | −116 | −362 | −104 | −67.5 | −90.7 |
| Capital expenditure | 88 | 42 | 67.6 | 67.7 | 42.2 |
| Free cash flow (CFO − capex) | 122 | 115 | 221 | 131 | 252 |
Net profit trend
annual, ₹ croreFY21
₹237
FY22
₹305+29%
FY23
₹253−17%
FY24
₹225−11%
FY25
₹108−52%
FY26
₹157+45%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 28 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 28 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 22 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 22 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 29 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 47.9×37.8×
P/B5Y avg 5.05×3.63×
ROEFY26, on average equity8.1%
Net margin5.3%
Debt / equity0.03×
Revenue CAGR (3Y)2.3%
Profit CAGR (3Y)-14.7%
EPS (TTM)₹13.87
Market cap₹7,184 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.63×
vs 8-point avg 5.05× (−28%)
2.97× low5.05× avg7.32× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,725 Cr+8%
Net worth₹1,980 Cr+5%
Total borrowings₹55 Cr+7%
Cash & bank balances₹36 Cr+17%
Investments₹253 Cr+5%
Inventories₹675 Cr+11%
Trade receivables₹286 Cr−0%
Trade payables₹286 Cr+20%
Change vs the same date a year earlier.