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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	16,296	15,053	14,756	14,051	12,210	11,542	11,135	11,302	10,407	10,042	10,114	9,933	9,056	8,031	8,066	8,561	7,316	6,585	6,597	6,483	4,689	6,132	6,095	5,254	1,940	4,105	4,766	4,960	5,018	0	0
Other income	158	6.7	−10.3	−14	39.7	−68.2	65.1	32.3	40.8	−43.5	11.9	50.9	86.5	67.1	8.9	29.8	32.1	13.6	8.9	7.8	2.7	8.6	16.7	15.2	6.7	24	13.3	6.6	7.9	0	0
Total expenses	14,894	13,746	13,369	12,802	11,262	10,465	10,273	10,428	9,691	9,339	9,363	9,297	8,505	7,608	7,600	8,025	6,901	6,225	6,252	6,149	4,659	5,723	5,712	5,010	2,184	3,971	4,500	4,722	4,793	0	0
EBITDA	2,357	2,187	2,270	2,122	1,814	1,920	1,665	1,642	1,465	1,485	1,488	1,356	1,215	1,054	1,022	1,086	905	830	770	740	415	778	753	633	73.6	522	613	577	560	0	0
EBITDA margin	14.5%	14.5%	15.4%	15.1%	14.9%	16.6%	15.0%	14.5%	14.1%	14.8%	14.7%	13.7%	13.4%	13.1%	12.7%	12.7%	12.4%	12.6%	11.7%	11.4%	8.9%	12.7%	12.4%	12.1%	3.8%	12.7%	12.9%	11.6%	11.2%	–	–
Finance costs	602	566	561	552	551	551	539	509	503	513	494	483	437	398	339	338	292	263	234	223	221	209	221	239	213	232	214	204	204	0	0
Depreciation	354	315	323	320	315	292	264	259	247	269	242	237	227	232	216	212	199	207	190	182	164	159	150	150	105	157	133	136	131	0	0
Profit before tax	1,560	1,313	1,326	1,236	988	1,009	927	906	757	660	763	686	637	491	475	565	446	372	354	342	−3.8	412	398	258	−238	118	203	321	233	0	0
Tax	488	479	432	391	334	306	297	299	254	239	241	260	185	151	160	176	139	93	123	109	11.4	94.5	104	74	−58.1	33	44.4	60.9	80.3	0	0
Net profit	1,058	820	891	833	643	698	609	588	485	412	510	416	441	336	304	373	297	275	237	234	−14.7	319	290	181	−183	81.9	157	257	151	0	0
Net margin	6.5%	5.4%	6.0%	5.9%	5.3%	6.0%	5.5%	5.2%	4.7%	4.1%	5.0%	4.2%	4.9%	4.2%	3.8%	4.4%	4.1%	4.2%	3.6%	3.6%	-0.3%	5.2%	4.8%	3.5%	-9.4%	2.0%	3.3%	5.2%	3.0%	–	–
EPS (₹)	21.46	16.24	17.71	16.74	12.84	13.42	11.91	11.80	9.70	8.15	10.08	8.13	9.14	7.07	6.33	8.13	6.43	5.84	5.21	5.10	-0.22	6.53	5.97	3.79	-3.78	1.56	3.17	5.34	3.08	0.00	0.00
Net profit YoY	+64.5%	+17.5%	+46.3%	+41.6%	+32.6%	+69.5%	+19.6%	+41.4%	+9.8%	+22.6%	+67.8%	+11.4%	+48.8%	+22.2%	+28.4%	+59.3%	+2116.0%	−13.9%	−18.3%	+29.2%	+91.9%	+290.0%	+84.7%	−29.4%	−220.9%	–	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	56,070	44,089	39,145	31,974	24,355	19,421	18,849	20,160	16,656
Other income	22	69.6	106	138	32.9	47.2	51.8	25.4	145
Total expenses	51,179	40,579	36,504	30,133	23,284	18,629	17,987	19,104	15,871
EBITDA	8,393	6,649	5,543	4,067	2,755	2,238	2,273	2,161	1,497
EBITDA margin	15.0%	15.1%	14.2%	12.7%	11.3%	11.5%	12.1%	10.7%	9.0%
Finance costs	2,230	2,093	1,928	1,368	940	881	855	663	338
Depreciation	1,273	1,046	975	859	743	565	556	442	374
Profit before tax	4,863	3,579	2,746	1,977	1,064	829	874	1,081	930
Tax	1,635	1,155	924	627	336	214	219	357	266
Net profit	3,186	2,380	1,779	1,309	731	608	647	725	665
Net margin	5.7%	5.4%	4.5%	4.1%	3.0%	3.1%	3.4%	3.6%	4.0%
EPS (₹)	63.53	46.42	35.50	27.97	15.93	12.51	13.15	14.83	13.73
Net profit YoY	+33.9%	+33.8%	+35.8%	+79.2%	+20.3%	−6.1%	−10.8%	+9.1%	–

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	1,867	3,503	−1,253	−4,405	−1,560
Investing cash flow	−2,964	−2,899	−1,001	−1,308	−1,486
Financing cash flow	909	1,155	2,759	6,118	2,918
Capital expenditure	3,235	2,478	1,145	1,341	985
Free cash flow (CFO − capex)	−1,368	1,025	−2,398	−5,746	−2,545

Net profit trend

annual, ₹ crore

FY21

₹608

FY22

₹731+20%

FY23

₹1,309+79%

FY24

₹1,779+36%

FY25

₹2,380+34%

FY26

₹3,186+34%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	21 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	21 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated	13 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone	13 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	28 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	28 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	28 Oct 2025	PDF on NSE XBRL
Q2 FY26	Standalone	28 Oct 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	31 Jul 2025	PDF on NSE XBRL
Q1 FY26	Standalone	31 Jul 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2619.60 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)54.8×

P/B20.65×

ROEFY26, on average equity35.3%

Net margin5.7%

Debt / equity3.31×

Revenue CAGR (3Y)20.6%

Profit CAGR (3Y)34.5%

EPS (TTM)₹75.80

Market cap₹1.98L Cr

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

Balance sheet 31 Mar 2026

Total assets₹56,501 Cr+18%

Net worth₹9,564 Cr+12%

Total borrowings₹31,624 Cr+15%

Cash & bank balances₹3,926 Cr−5%

Investments₹1,039 Cr−4%

Inventories₹2,459 Cr+2%

Trade receivables₹2,654 Cr+55%

Trade payables₹9,834 Cr+30%

Change vs the same date a year earlier.

Revenue mix FY26

Automotive Vehicles & Parts87.2%result ₹3,958 Cr

Financial services12.8%result ₹1,250 Cr

Segment revenue as reported, before inter-segment eliminations.

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	50.27	50.27	50.27	50.27	50.27	50.27	50.27	50.27	50.27	50.27	50.27	50.27
FII	20.45	22.57	23.09	22.89	22.42	21.48	21.21	22.33	21.05	20.83	19.27	18.51
DII	21.13	18.83	18.29	18.35	18.81	19.74	20.00	19.01	20.14	20.26	21.79	23.12
of which MF	16.29	14.45	14.15	14.45	13.99	–	15.72	–	–	–	–	–
Retail	6.45	6.65	6.66	6.79	6.80	6.90	6.89	6.77	7.03	7.10	6.90	6.64
Other public	1.68	1.66	1.67	1.67	1.60	1.54	1.56	1.55	1.51	1.54	1.77	1.46

3,31,196 shareholders · NSE shareholding pattern filings.