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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17

₹ 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	Q4 FY17
Revenue from operations	1,068	981	917	926	819	818	803	842	791	765	719	740	702	683	731	834	737	666	677	688	495	602	573	552	212	431	509	557	0
Other income	14.2	9	1	2.9	2.1	2.1	1.4	2.5	0.3	1.1	1.6	0.7	3.3	5.6	0.2	1.5	1.9	5.1	0.1	0.7	2.9	3	0.5	0.8	0.9	4.3	3.7	1.7	0
Total expenses	1,036	943	887	909	819	803	804	826	779	728	687	685	677	662	706	783	737	657	665	654	497	559	525	500	263	439	493	529	0
EBITDA	80.8	86.6	78.3	65.8	48.3	66.5	44.5	58.9	54.7	77.2	68.4	90.6	60.6	55.3	59.8	82.7	31.1	34.6	40.4	63.3	26.3	79.4	80.1	86.6	−17.5	33.6	48	60.6	0
EBITDA margin	7.6%	8.8%	8.5%	7.1%	5.9%	8.1%	5.5%	7.0%	6.9%	10.1%	9.5%	12.3%	8.6%	8.1%	8.2%	9.9%	4.2%	5.2%	6.0%	9.2%	5.3%	13.2%	14.0%	15.7%	-8.2%	7.8%	9.4%	10.9%	–
Finance costs	11.6	11.7	11.9	12.4	14.5	14.5	13.6	12.9	13.2	12.6	10.2	10.1	11.8	10.9	10.4	9.3	9	9.1	8	7.7	6.8	6.2	6.6	8.7	10.6	9.6	8.3	8.7	0
Depreciation	37.1	36.7	36.4	35.6	33.5	37.1	31.7	30.7	29.4	27.5	26.5	25.7	24.1	23.3	23.7	22.6	21.8	16.5	20.3	22.3	20.7	30.3	25.8	25.2	22.6	31.2	23.3	23.2	0
Profit before tax	45.2	48.1	17.1	18.2	19.9	12.4	−5.6	17.9	11.8	30.6	33.2	54.2	28	26.7	25.9	51.8	−2.9	11.3	12.2	34	1.6	46	47.9	53.6	−49.7	−2.9	20.1	30.4	0
Tax	11.2	12	5.9	7.3	7.1	2.8	0.4	7.7	5.1	6.9	9.1	15.2	7.1	4.4	6.3	13.6	−0.7	3.4	3.2	8.7	0.5	11	11.7	13.8	−12.5	−27	7.3	10.8	0
Net profit	34	36.1	11.2	11	12.8	9.7	−6	10.3	6.6	23.7	24	39.1	21	22.3	19.5	38.2	−2.2	8	9	25.3	1.1	35	36.3	39.8	−37.2	24.1	12.8	19.6	0
Net margin	3.2%	3.7%	1.2%	1.2%	1.6%	1.2%	-0.7%	1.2%	0.8%	3.1%	3.3%	5.3%	3.0%	3.3%	2.7%	4.6%	-0.3%	1.2%	1.3%	3.7%	0.2%	5.8%	6.3%	7.2%	-17.6%	5.6%	2.5%	3.5%	–
EPS (₹)	44.43	47.13	14.56	14.52	16.82	12.52	-7.79	13.47	8.73	31.06	31.47	51.09	27.36	29.22	25.55	49.90	-2.86	10.48	11.79	33.05	1.45	45.75	47.36	52.04	-48.62	31.60	16.69	25.57	0.00
Net profit YoY	+165.2%	+274.0%	+285.7%	+6.9%	+93.2%	−59.3%	−125.1%	−73.8%	−68.3%	+6.3%	+23.0%	+2.3%	+1039.9%	+180.1%	+117.1%	+51.1%	−306.5%	−77.2%	−75.2%	−36.5%	+102.9%	+45.0%	+183.6%	+103.2%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY17
Revenue from operations	3,643	3,254	2,926	2,985	2,528	1,939	2,104	2,203
Other income	15	6.2	6.6	9.2	6.5	5.2	10.2	15.4
Total expenses	3,557	3,212	2,778	2,887	2,473	1,846	2,027	2,049
EBITDA	279	225	297	229	167	229	215	252
EBITDA margin	7.7%	6.9%	10.1%	7.7%	6.6%	11.8%	10.2%	11.4%
Finance costs	50.5	54.1	44.7	39.6	31.6	32.1	37.9	29.7
Depreciation	142	129	104	91.5	79.8	104	100	68.6
Profit before tax	103	36.5	146	101	59.1	97.8	87.4	169
Tax	32.2	16	38.3	23.6	15.8	24	5.2	51.6
Net profit	71.1	20.5	108	77.8	43.3	73.8	82.3	116
Net margin	2.0%	0.6%	3.7%	2.6%	1.7%	3.8%	3.9%	5.3%
EPS (₹)	93.03	26.92	140.98	101.85	56.76	96.54	107.53	151.67
Net profit YoY	+246.3%	−81.0%	+38.5%	+79.6%	−41.3%	−10.3%	–	–

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	297	197	228	206	−62.1
Investing cash flow	−103	−154	−325	−202	−282
Financing cash flow	−187	−46.6	101	0.3	348
Capital expenditure	111	161	251	207	285
Free cash flow (CFO − capex)	186	36.2	−22.9	−1.8	−347

Net profit trend

annual, ₹ crore

FY21

₹73.8

FY22

₹43.3−41%

FY23

₹77.8+80%

FY24

₹108+38%

FY25

₹20.5−81%

FY26

₹71.1+246%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	13 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	13 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	12 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	12 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	11 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	11 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	12 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	12 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY263.66 MB FY253.20 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 45.4×38.3×

P/B5Y avg 2.19×2.97×

ROEFY26, on average equity6.0%

Net margin2.0%

Debt / equity0.64×

Revenue CAGR (3Y)6.9%

Profit CAGR (3Y)-3.0%

EPS (TTM)₹120.43

Market cap₹3,531 Cr

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

P/B vs history

2.97×

vs 8-point avg 2.19× (+35%)

1.63× low2.19× avg3.00× high

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

Balance sheet 31 Mar 2026

Total assets₹3,043 Cr+2%

Net worth₹1,190 Cr+1%

Total borrowings₹763 Cr−13%

Cash & bank balances₹20 Cr+57%

Investments₹414 Cr+6%

Inventories₹742 Cr−7%

Trade receivables₹410 Cr+18%

Trade payables₹532 Cr+6%

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	45.70	45.70	45.70	45.70	45.70	45.70	45.70	45.70	45.70	45.70	45.70	45.70
FII	0.92	0.97	0.97	0.99	0.99	1.06	1.02	1.05	1.00	1.02	1.16	1.11
DII	6.18	6.17	6.17	5.06	4.96	4.95	4.95	4.95	5.02	5.05	5.05	2.78
of which MF	6.02	6.01	6.01	4.93	4.93	–	–	–	–	–	–	–
Retail	35.37	35.32	35.22	36.31	36.54	36.92	37.29	37.44	37.41	36.96	36.90	38.22
Other public	11.83	11.84	11.94	11.94	11.81	11.37	11.04	10.86	10.87	11.27	11.19	12.19

23,926 shareholders · NSE shareholding pattern filings.