Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY19
| ₹ 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 | Q3 FY19 | Q2 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 10,181 | 18,335 | 12,269 | 12,019 | 9,216 | 15,573 | 10,907 | 11,090 | 9,067 | 14,078 | 9,887 | 10,170 | 8,963 | 16,569 | 13,679 | 12,507 | 10,821 | 15,861 | 11,297 | 10,567 | 8,515 | 12,796 | 9,126 | 8,939 | 7,833 | 11,141 | 8,892 | 7,817 | 7,906 | 8,525 | 4,921 | 4,257 |
| Other income | 217 | 178 | 92 | 250 | 143 | 107 | 170 | 111 | 98 | 126 | 151 | 105 | 101 | 211 | 115 | 78 | 73 | 116 | 70 | 47 | 48 | 49 | 67 | 75 | 67 | 21 | 20 | 24 | 39 | 48 | 37 | 32 |
| Total expenses | 10,415 | 16,528 | 11,553 | 11,573 | 9,558 | 14,001 | 10,369 | 11,505 | 9,539 | 14,114 | 11,661 | 10,373 | 9,026 | 15,480 | 12,313 | 11,315 | 9,782 | 13,923 | 9,982 | 9,561 | 7,899 | 11,142 | 8,211 | 8,148 | 7,074 | 10,019 | 7,800 | 7,359 | 7,641 | 8,070 | 4,367 | 3,832 |
| EBITDA | 1,450 | 3,558 | 2,317 | 2,001 | 1,396 | 3,191 | 1,956 | 1,352 | 1,101 | 1,848 | 93 | 1,325 | 1,273 | 2,722 | 2,884 | 2,444 | 2,146 | 3,380 | 2,444 | 1,931 | 1,774 | 2,651 | 2,202 | 1,667 | 1,832 | 1,904 | 2,102 | 1,447 | 1,240 | 1,291 | 938 | 787 |
| EBITDA margin | 14.2% | 19.4% | 18.9% | 16.6% | 15.1% | 20.5% | 17.9% | 12.2% | 12.1% | 13.1% | 0.9% | 13.0% | 14.2% | 16.4% | 21.1% | 19.5% | 19.8% | 21.3% | 21.6% | 18.3% | 20.8% | 20.7% | 24.1% | 18.6% | 23.4% | 17.1% | 23.6% | 18.5% | 15.7% | 15.1% | 19.1% | 18.5% |
| Finance costs | 852 | 836 | 774 | 784 | 1,007 | 914 | 730 | 1,070 | 913 | 1,090 | 1,191 | 871 | 700 | 906 | 894 | 644 | 519 | 800 | 529 | 359 | 607 | 421 | 745 | 343 | 551 | 187 | 515 | 381 | 398 | 405 | 202 | 181 |
| Depreciation | 832 | 915 | 827 | 771 | 731 | 705 | 688 | 697 | 660 | 794 | 676 | 657 | 636 | 727 | 624 | 608 | 588 | 642 | 600 | 566 | 551 | 576 | 542 | 533 | 522 | 595 | 495 | 608 | 577 | 431 | 182 | 181 |
| Profit before tax | −26 | 1,969 | 752 | 838 | −208 | 1,404 | 632 | −312 | −423 | −15 | −1,640 | −185 | −5 | 1,271 | 1,461 | 1,227 | 1,034 | 1,886 | 1,332 | 1,013 | 601 | 1,623 | 1,060 | 655 | 801 | 972 | 1,037 | 177 | 232 | 204 | 500 | 400 |
| Tax | −36 | 598 | 181 | 172 | −14 | 298 | −499 | 138 | 72 | 110 | −59 | −96 | −164 | 311 | 135 | 231 | 59 | 265 | 167 | 249 | −152 | 322 | 109 | 112 | 143 | 211 | 199 | 66 | 12 | −31 | 28 | 116 |
| Net profit | −73 | 1,294 | 490 | 612 | −176 | 1,079 | 853 | −585 | −527 | −80 | −1,607 | −293 | 102 | 1,080 | 1,360 | 969 | 1,005 | 1,735 | 1,179 | 774 | 749 | 1,361 | 944 | 537 | 653 | 784 | 830 | 103 | 216 | 263 | 468 | 276 |
| Net margin | -0.7% | 7.1% | 4.0% | 5.1% | -1.9% | 6.9% | 7.8% | -5.3% | -5.8% | -0.6% | -16.3% | -2.9% | 1.1% | 6.5% | 9.9% | 7.7% | 9.3% | 10.9% | 10.4% | 7.3% | 8.8% | 10.6% | 10.3% | 6.0% | 8.3% | 7.0% | 9.3% | 1.3% | 2.7% | 3.1% | 9.5% | 6.5% |
| EPS (₹) | 0.12 | 12.57 | 4.69 | 6.75 | -1.98 | 11.42 | 9.98 | -5.90 | -6.02 | 0.52 | -17.11 | -2.54 | 1.33 | 10.68 | 13.52 | 10.83 | 10.76 | 18.04 | 11.46 | 8.29 | 8.08 | 12.75 | 10.38 | 6.07 | 7.20 | 8.08 | 9.16 | 1.17 | 2.33 | 4.05 | 9.05 | 5.26 |
| Net profit YoY | +58.5% | +19.9% | −42.6% | +204.6% | +66.6% | +1448.8% | +153.1% | −99.7% | −616.7% | −107.4% | −218.2% | −130.2% | −89.9% | −37.8% | +15.4% | +25.2% | +34.2% | +27.5% | +24.9% | +44.1% | +14.7% | +73.6% | +13.7% | +421.4% | +202.3% | +198.1% | +77.4% | −62.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 51,839 | 46,637 | 43,098 | 53,576 | 46,240 | 38,694 | 35,756 | 21,837 |
| Other income | 663 | 486 | 483 | 477 | 281 | 258 | 104 | 240 |
| Total expenses | 49,212 | 45,414 | 45,174 | 48,890 | 41,365 | 34,575 | 32,476 | 19,956 |
| EBITDA | 9,272 | 7,600 | 4,539 | 10,196 | 9,529 | 8,352 | 6,773 | 3,813 |
| EBITDA margin | 17.9% | 16.3% | 10.5% | 19.0% | 20.6% | 21.6% | 18.9% | 17.5% |
| Finance costs | 3,401 | 3,627 | 3,852 | 2,963 | 2,295 | 2,060 | 1,481 | 963 |
| Depreciation | 3,244 | 2,750 | 2,763 | 2,547 | 2,359 | 2,173 | 2,012 | 969 |
| Profit before tax | 3,351 | 1,301 | −1,845 | 4,993 | 4,832 | 4,139 | 2,761 | 1,670 |
| Tax | 937 | 9 | −209 | 736 | 529 | 686 | 586 | 165 |
| Net profit | 2,220 | 820 | −1,878 | 4,414 | 4,437 | 3,495 | 2,178 | 1,519 |
| Net margin | 4.3% | 1.8% | -4.4% | 8.2% | 9.6% | 9.0% | 6.1% | 7.0% |
| EPS (₹) | 22.32 | 9.85 | -17.80 | 45.79 | 45.87 | 36.40 | 23.24 | 28.42 |
| Net profit YoY | +170.7% | +143.7% | −142.5% | −0.5% | +27.0% | +60.5% | +43.4% | – |
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 | 7,855 | 10,151 | 1,822 | 7,751 | 6,496 |
| Investing cash flow | −2,362 | −1,840 | −2,478 | −1,490 | −3,819 |
| Financing cash flow | −9,883 | −4,793 | 164 | −6,227 | −1,921 |
| Capital expenditure | 1,666 | 813 | 1,159 | 1,672 | 2,022 |
| Free cash flow (CFO − capex) | 6,189 | 9,338 | 663 | 6,079 | 4,474 |
Net profit trend
annual, ₹ croreFY21
₹3,495
FY22
₹4,437+27%
FY23
₹4,414−1%
FY24
₹−1,878−143%
FY25
₹820+144%
FY26
₹2,220+171%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 3 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 3 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 11 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 2 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 2 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 6 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 1 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 1 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Consolidated | 12 May 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)20.0×
P/B1.34×
ROEFY26, on average equity6.9%
Net margin4.3%
Debt / equity0.64×
Revenue CAGR (3Y)-1.1%
Profit CAGR (3Y)-20.5%
EPS (TTM)₹27.49
Market cap₹46,479 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₹95,205 Cr+8%
Net worth₹34,696 Cr+19%
Total borrowings₹22,046 Cr−7%
Cash & bank balances₹5,975 Cr−37%
Investments₹1,404 Cr+50%
Inventories₹12,676 Cr+23%
Trade receivables₹17,874 Cr+15%
Trade payables₹12,018 Cr+11%
Change vs the same date a year earlier.
Revenue mix FY26
Crop protection81.5%result ₹5,738 Cr
Seeds & Post harvest13.1%result ₹1,425 Cr
Non agro5.4%result ₹344 Cr
Segment revenue as reported, before inter-segment eliminations.