Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q1 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 | Q1 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 862 | 689 | 492 | 450 | 414 | 454 | 471 | 461 | 424 | 476 | 468 | 452 | 441 | 389 | 442 | 440 | 402 | 400 | 431 | 361 | 368 | 383 | 380 | 395 | 315 | 350 | 368 | 323 | 329 | 294 | 316 | 311 | 263 |
| Other income | 19.8 | 9.5 | 9.1 | 12 | 10.8 | 9.8 | 7.9 | 8 | 9.1 | 29.5 | 8.7 | 29.3 | 12.1 | 16.1 | 16 | 33 | 11.4 | 17.5 | 9.7 | 10.2 | 9.3 | 6.3 | 9.2 | 14.7 | 11.6 | 12.3 | 11.1 | 12.3 | 11.8 | 10.8 | 10.1 | 9.2 | 7.5 |
| Total expenses | 823 | 544 | 420 | 384 | 349 | 397 | 413 | 404 | 361 | 390 | 406 | 382 | 344 | 315 | 355 | 354 | 296 | 303 | 330 | 264 | 283 | 292 | 290 | 291 | 224 | 268 | 270 | 236 | 223 | 224 | 240 | 232 | 176 |
| EBITDA | 49.7 | 208 | 85.9 | 78.6 | 76.9 | 69.5 | 68.4 | 67.6 | 73.3 | 96.6 | 72.4 | 78.9 | 105 | 82.1 | 94.7 | 93 | 113 | 106 | 109 | 104 | 92 | 98.3 | 100 | 113 | 99.3 | 94.7 | 108 | 96.5 | 115 | 81.2 | 86.3 | 90.2 | 96.8 |
| EBITDA margin | 5.8% | 30.2% | 17.5% | 17.5% | 18.6% | 15.3% | 14.5% | 14.7% | 17.3% | 20.3% | 15.4% | 17.4% | 23.9% | 21.1% | 21.4% | 21.1% | 28.1% | 26.6% | 25.3% | 28.9% | 25.0% | 25.7% | 26.3% | 28.6% | 31.5% | 27.1% | 29.4% | 29.9% | 35.0% | 27.6% | 27.3% | 29.0% | 36.8% |
| Finance costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 11.2 | 63.4 | 13.9 | 12.2 | 11.8 | 12.4 | 11.1 | 10.9 | 10.1 | 10.9 | 10.1 | 9.1 | 8.1 | 8.4 | 7.4 | 7.2 | 7.2 | 8.8 | 7.8 | 7.1 | 6.4 | 7.9 | 9.4 | 8.9 | 8.9 | 12.9 | 10.3 | 9.3 | 9.4 | 11.2 | 10.1 | 10.8 | 9.3 |
| Profit before tax | 58.3 | 155 | 81.1 | 78.4 | 76 | 67 | 166 | 64.7 | 72.3 | 115 | 71 | 99.1 | 109 | 89.8 | 103 | 119 | 117 | 115 | 111 | 107 | 94.8 | 96.7 | 99.7 | 119 | 102 | 94.1 | 109 | 99.4 | 118 | 80.8 | 86.3 | 88.7 | 95 |
| Tax | 15.9 | 37.9 | 20.9 | 19.2 | 19.9 | 14 | 29.4 | 17.1 | 18.7 | 27 | 17.3 | 23.2 | 25.6 | 21.1 | 24.3 | 26.6 | 29.9 | 27.8 | 28.3 | 27.6 | 24.4 | 23.9 | 26 | 30.3 | 26.3 | 23.5 | 27.7 | 23.1 | 41.9 | 27.8 | 30.9 | 31.5 | 33.7 |
| Net profit | 42.4 | 117 | 60.2 | 59.2 | 56.1 | 53 | 136 | 47.6 | 53.6 | 88.2 | 53.7 | 76 | 83.7 | 68.7 | 79 | 92.2 | 87.1 | 87.2 | 82.7 | 79.9 | 70.4 | 72.8 | 73.7 | 88.5 | 75.7 | 70.6 | 81.5 | 76.3 | 75.7 | 53 | 55.4 | 57.1 | 61.2 |
| Net margin | 4.9% | 16.9% | 12.2% | 13.1% | 13.6% | 11.7% | 29.0% | 10.3% | 12.6% | 18.5% | 11.5% | 16.8% | 19.0% | 17.7% | 17.9% | 21.0% | 21.7% | 21.8% | 19.2% | 22.1% | 19.1% | 19.0% | 19.4% | 22.4% | 24.0% | 20.2% | 22.1% | 23.6% | 23.0% | 18.0% | 17.6% | 18.4% | 23.3% |
| EPS (₹) | 2.50 | 6.87 | 3.55 | 3.49 | 3.30 | 3.13 | 8.02 | 2.80 | 34.70 | 57.11 | 34.80 | 49.18 | 54.20 | 44.49 | 51.15 | 59.68 | 56.43 | 56.47 | 53.56 | 51.74 | 45.61 | 47.17 | 47.73 | 57.34 | 49.03 | 45.73 | 52.77 | 49.42 | 49.01 | 34.34 | 35.90 | 36.99 | 39.66 |
| Net profit YoY | −24.4% | +120.2% | −55.8% | +24.5% | +4.8% | −39.9% | +153.6% | −37.4% | −36.0% | +28.4% | −32.0% | −17.6% | −3.9% | −21.2% | −4.5% | +15.4% | +23.7% | +19.7% | +12.2% | −9.8% | −7.0% | +3.1% | −9.5% | +16.0% | +0.0% | +33.2% | +47.0% | +33.6% | +23.6% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,046 | 1,809 | 1,838 | 1,673 | 1,561 | 1,473 | 1,370 | 1,184 |
| Other income | 41.3 | 34.8 | 79.6 | 76.4 | 46.7 | 41.8 | 47.4 | 38.9 |
| Total expenses | 1,697 | 1,575 | 1,522 | 1,320 | 1,179 | 1,097 | 998 | 872 |
| EBITDA | 450 | 279 | 353 | 383 | 412 | 411 | 415 | 353 |
| EBITDA margin | 22.0% | 15.4% | 19.2% | 22.9% | 26.4% | 27.9% | 30.3% | 29.8% |
| Finance costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 101 | 44.5 | 38.1 | 30.2 | 30.1 | 35.1 | 41.8 | 41.4 |
| Profit before tax | 390 | 370 | 395 | 429 | 428 | 417 | 420 | 351 |
| Tax | 97.8 | 79.2 | 93.1 | 102 | 108 | 107 | 116 | 124 |
| Net profit | 292 | 290 | 302 | 327 | 320 | 311 | 304 | 227 |
| Net margin | 14.3% | 16.0% | 16.4% | 19.6% | 20.5% | 21.1% | 22.2% | 19.2% |
| EPS (₹) | 17.21 | 17.10 | 195.29 | 211.75 | 207.38 | 201.27 | 196.93 | 146.90 |
| Net profit YoY | +0.6% | −3.7% | −7.8% | +2.1% | +3.0% | +2.2% | +34.1% | – |
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 | 218 | 193 | 167 | 181 | 277 |
| Investing cash flow | −31.4 | 9.8 | 79.3 | 46.7 | −95.8 |
| Financing cash flow | −170 | −221 | −231 | −224 | −187 |
| Capital expenditure | 42.4 | 41 | 94.3 | 404 | 48.9 |
| Free cash flow (CFO − capex) | 176 | 152 | 72.7 | −222 | 228 |
Net profit trend
annual, ₹ croreFY21
₹311
FY22
₹320+3%
FY23
₹327+2%
FY24
₹302−8%
FY25
₹290−4%
FY26
₹292+1%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 28 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 16 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 29 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 22 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 25 Apr 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 7 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 24 Oct 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 25 Jul 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 15.0×12.5×
P/B5Y avg 4.12×2.40×
ROEFY26, on average equity21.1%
Net margin14.3%
Debt / equity0.00×
Revenue CAGR (3Y)6.9%
Profit CAGR (3Y)-3.7%
EPS (TTM)₹16.40
Market cap₹3,474 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.40×
vs 8-point avg 4.12× (−42%)
2.35× low4.12× avg5.63× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,016 Cr+11%
Net worth₹1,446 Cr+9%
Total borrowings₹0 Cr
Cash & bank balances₹24 Cr+274%
Investments₹559 Cr+5%
Inventories₹675 Cr+39%
Trade receivables₹47 Cr−27%
Trade payables₹124 Cr−3%
Change vs the same date a year earlier.