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 | 609 | 607 | 538 | 509 | 514 | 532 | 482 | 476 | 479 | 487 | 496 | 474 | 474 | 470 | 497 | 448 | 439 | 445 | 412 | 394 | 285 | 365 | 364 | 326 | 203 | 305 | 346 | 326 | 339 | 0 | 0 |
| Other income | 3.9 | 3.9 | 5.2 | 3.8 | 5.8 | 3.6 | 4.7 | 3.4 | 7.8 | 8.2 | 4 | 5 | 4.8 | 4.3 | 3.7 | 3.2 | 3.9 | 6.4 | 5.2 | 4.2 | 3.9 | 6.6 | 4.9 | 5.5 | 5.4 | 5.9 | 6.1 | 4.5 | 5.1 | 0 | 0 |
| Total expenses | 519 | 555 | 495 | 465 | 463 | 473 | 452 | 440 | 443 | 444 | 460 | 437 | 439 | 433 | 468 | 424 | 403 | 404 | 380 | 360 | 262 | 326 | 312 | 286 | 187 | 281 | 304 | 299 | 310 | 0 | 0 |
| EBITDA | 98.1 | 62.5 | 51.6 | 53.1 | 58.8 | 67.7 | 38.1 | 46.2 | 41.4 | 47.2 | 41.6 | 41.6 | 38.5 | 40.8 | 33.7 | 27.8 | 39.8 | 45.4 | 36.2 | 38.4 | 27.3 | 43 | 56.2 | 44.8 | 20.1 | 27.7 | 46 | 31.4 | 32.8 | 0 | 0 |
| EBITDA margin | 16.1% | 10.3% | 9.6% | 10.4% | 11.4% | 12.7% | 7.9% | 9.7% | 8.6% | 9.7% | 8.4% | 8.8% | 8.1% | 8.7% | 6.8% | 6.2% | 9.1% | 10.2% | 8.8% | 9.7% | 9.6% | 11.8% | 15.4% | 13.7% | 9.9% | 9.1% | 13.3% | 9.6% | 9.7% | – | – |
| Finance costs | 0.4 | 0.7 | 0.5 | 0.6 | 0.6 | 0.8 | 0.9 | 1.2 | 0.7 | 0.3 | 0.9 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | 0.5 | 0.9 | 0.5 | 0.5 | 0.6 | 0.4 | 0.8 | 0.6 | 0.6 | 0 | 0 |
| Depreciation | 8 | 9.6 | 8.7 | 8.2 | 7.8 | 8.2 | 6.9 | 8.3 | 5.1 | 3.8 | 3.9 | 3.8 | 3.8 | 3.8 | 4.2 | 3.8 | 3.8 | 4.1 | 3.8 | 3.8 | 3.8 | 3.7 | 3.6 | 3.4 | 3.4 | 3.3 | 3.3 | 3.1 | 2.8 | 0 | 0 |
| Profit before tax | 93.6 | 56.2 | 47.6 | 48.1 | 56.2 | 62.3 | 28.4 | 40.1 | 43.4 | 51.4 | 40.9 | 42.4 | 39.2 | 41 | 32.8 | 26.8 | 39.4 | 47.3 | 37.2 | 38.3 | 27 | 45 | 57 | 46.4 | 21.5 | 29.9 | 48.1 | 32.1 | 34.5 | 0 | 0 |
| Tax | 23.9 | 6.4 | 12 | 14.3 | 14.1 | 9 | −0.4 | 11.5 | 12.8 | 12.5 | 11 | 9.9 | 10.8 | 8.3 | 9 | 7.4 | 7.9 | 11.4 | 10.2 | 10.6 | 5.1 | 12.2 | 13.7 | 12.3 | 5.9 | 9.4 | 11.3 | 6.8 | 11.8 | 0 | 0 |
| Net profit | 77.9 | 57.5 | 43.6 | 40.9 | 49.7 | 59.7 | 37.3 | 34.6 | 37.1 | 42.9 | 33.6 | 35.2 | 31.2 | 34.4 | 26 | 20.4 | 33.7 | 37.8 | 30.2 | 32 | 22.9 | 36.7 | 47.7 | 39.6 | 17.4 | 23.2 | 43.1 | 29 | 26.8 | 0 | 0 |
| Net margin | 12.8% | 9.5% | 8.1% | 8.0% | 9.7% | 11.2% | 7.7% | 7.3% | 7.7% | 8.8% | 6.8% | 7.4% | 6.6% | 7.3% | 5.2% | 4.6% | 7.7% | 8.5% | 7.3% | 8.1% | 8.0% | 10.1% | 13.1% | 12.1% | 8.6% | 7.6% | 12.4% | 8.9% | 7.9% | – | – |
| EPS (₹) | 45.85 | 33.81 | 25.63 | 24.09 | 29.23 | 35.12 | 21.97 | 20.36 | 21.84 | 25.25 | 19.75 | 20.73 | 18.35 | 20.24 | 15.27 | 12.02 | 19.84 | 22.24 | 17.79 | 18.83 | 13.47 | 107.85 | 140.31 | 116.42 | 51.22 | 68.26 | 123.48 | 85.29 | 78.88 | 0.00 | 0.00 |
| Net profit YoY | +56.9% | −3.8% | +16.6% | +18.3% | +33.8% | +39.1% | +11.3% | −1.8% | +19.0% | +24.8% | +29.3% | +72.4% | −7.5% | −9.0% | −14.2% | −36.2% | +47.3% | +3.1% | −36.6% | −19.1% | +31.5% | +58.0% | +10.8% | +36.5% | −35.1% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,169 | 1,970 | 1,931 | 1,854 | 1,536 | 1,258 | 1,317 | 1,379 | 1,312 |
| Other income | 17.7 | 18.4 | 22 | 15 | 19.7 | 22.4 | 21.6 | 21.1 | 23.1 |
| Total expenses | 1,978 | 1,808 | 1,779 | 1,729 | 1,406 | 1,111 | 1,193 | 1,262 | 1,185 |
| EBITDA | 227 | 194 | 169 | 142 | 147 | 164 | 138 | 131 | 139 |
| EBITDA margin | 10.5% | 9.9% | 8.7% | 7.7% | 9.6% | 13.0% | 10.5% | 9.5% | 10.6% |
| Finance costs | 2.4 | 3.6 | 1.8 | 1.5 | 1.6 | 2.4 | 2.4 | 2.5 | 2.6 |
| Depreciation | 34.2 | 28.5 | 15.2 | 15.6 | 15.5 | 14.1 | 12.5 | 10.5 | 9.3 |
| Profit before tax | 208 | 174 | 174 | 140 | 150 | 170 | 145 | 139 | 150 |
| Tax | 46.8 | 32.9 | 44.2 | 32.6 | 37.2 | 44.1 | 39.3 | 52.4 | 52.5 |
| Net profit | 192 | 169 | 143 | 114 | 123 | 141 | 122 | 97 | 107 |
| Net margin | 8.8% | 8.6% | 7.4% | 6.2% | 8.0% | 11.2% | 9.3% | 7.0% | 8.1% |
| EPS (₹) | 112.75 | 99.29 | 84.10 | 67.37 | 72.32 | 415.80 | 356.34 | 285.00 | 314.00 |
| Net profit YoY | +13.6% | +18.1% | +24.8% | −6.9% | −13.0% | +15.8% | +25.9% | −9.2% | – |
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 | 194 | 29.7 | 156 | 103 | 93.4 |
| Investing cash flow | 47.2 | 72.1 | −91.8 | 5.7 | 37.3 |
| Financing cash flow | −122 | −98.9 | −85.2 | −81.5 | −142 |
| Capital expenditure | 34.6 | 42.2 | 47.2 | 15.5 | 8.6 |
| Free cash flow (CFO − capex) | 159 | −12.5 | 108 | 88 | 84.8 |
Net profit trend
annual, ₹ croreFY21
₹141
FY22
₹123−13%
FY23
₹114−7%
FY24
₹143+25%
FY25
₹169+18%
FY26
₹192+14%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 20 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 20 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 2 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 2 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 10 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 13.4×10.8×
P/B5Y avg 2.72×2.29×
ROEFY26, on average equity19.7%
Net margin8.8%
Debt / equity0.00×
Revenue CAGR (3Y)5.4%
Profit CAGR (3Y)18.7%
EPS (TTM)₹129.34
Market cap₹2,369 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.29×
vs 8-point avg 2.72× (−16%)
1.85× low2.72× avg4.44× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,406 Cr+12%
Net worth₹1,036 Cr+13%
Total borrowings₹0 Cr
Cash & bank balances₹168 Cr+290%
Investments₹0 Cr
Inventories₹325 Cr−3%
Trade receivables₹345 Cr+19%
Trade payables₹206 Cr+25%
Change vs the same date a year earlier.