| Quarter | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| 337 | 357 | 363 | 364 | 312 | 400 | 360 | 458 | 517 | |
Growth YoY Revenue Growth YoY% | -7.5 | 12.2 | -0.8 | 26.0 | 65.6 | ||||
| 257 | 244 | 272 | 272 | 217 | 272 | 252 | 354 | 416 | |
| 80 | 113 | 91 | 91 | 95 | 128 | 107 | 104 | 101 | |
OPM OPM% | 23.9 | 31.6 | 25.1 | 25.1 | 30.5 | 32.0 | 29.9 | 22.7 | 19.5 |
| 28 | 29 | 29 | 31 | 34 | 31 | 33 | 27 | 44 | |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 |
Depreciation DepreciationCr | 8 | 8 | 9 | 10 | 10 | 11 | 13 | 14 | 15 |
PBT PBTCr | 100 | 133 | 110 | 111 | 118 | 146 | 125 | 116 | 129 |
| 22 | 37 | 24 | 27 | 29 | 36 | 36 | 25 | 31 | |
| 78 | 96 | 86 | 83 | 90 | 110 | 90 | 90 | 98 | |
Growth YoY PAT Growth YoY% | 15.2 | 14.8 | 4.5 | 8.4 | 9.7 | ||||
NPM NPM% | 23.1 | 27.0 | 23.7 | 22.9 | 28.7 | 27.6 | 24.9 | 19.7 | 19.0 |
| 3.9 | 4.8 | 4.3 | 4.2 | 4.5 | 5.5 | 4.5 | 4.5 | 4.9 |
| Quarter | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| 337 | 357 | 363 | 364 | 312 | 400 | 360 | 458 | 517 | |
Growth YoY Revenue Growth YoY% | -7.5 | 12.2 | -0.8 | 26.0 | 65.6 | ||||
| 257 | 244 | 272 | 272 | 217 | 272 | 252 | 354 | 416 | |
| 80 | 113 | 91 | 91 | 95 | 128 | 107 | 104 | 101 | |
OPM OPM% | 23.9 | 31.6 | 25.1 | 25.1 | 30.5 | 32.0 | 29.9 | 22.7 | 19.5 |
| 28 | 29 | 29 | 31 | 34 | 31 | 33 | 27 | 44 | |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 |
Depreciation DepreciationCr | 8 | 8 | 9 | 10 | 10 | 11 | 13 | 14 | 15 |
PBT PBTCr | 100 | 133 | 110 | 111 | 118 | 146 | 125 | 116 | 129 |
| 22 | 37 | 24 | 27 | 29 | 36 | 36 | 25 | 31 | |
| 78 | 96 | 86 | 83 | 90 | 110 | 90 | 90 | 98 | |
Growth YoY PAT Growth YoY% | 15.2 | 14.8 | 4.5 | 8.4 | 9.7 | ||||
NPM NPM% | 23.1 | 27.0 | 23.7 | 22.9 | 28.7 | 27.6 | 24.9 | 19.7 | 19.0 |
| 3.9 | 4.8 | 4.3 | 4.2 | 4.5 | 5.5 | 4.5 | 4.5 | 4.9 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 291 | 326 | 468 | 761 | 1,022 | 1,268 | 1,420 | 1,530 | 1,735 |
Growth Revenue Growth% | 11.9 | 43.4 | 62.8 | 34.3 | 24.1 | 12.0 | 7.7 | 24.4 | |
| 179 | 203 | 262 | 521 | 767 | 983 | 1,045 | 1,096 | 1,294 | |
| 113 | 123 | 206 | 241 | 255 | 285 | 376 | 434 | 440 | |
OPM OPM% | 38.7 | 37.7 | 44.0 | 31.6 | 25.0 | 22.5 | 26.4 | 28.4 | 25.4 |
| 41 | 53 | 59 | 59 | 73 | 96 | 117 | 126 | 136 | |
Interest Expense Interest ExpenseCr | 0 | 1 | 1 | 2 | 2 | 2 | 4 | 7 | 7 |
Depreciation DepreciationCr | 7 | 13 | 17 | 19 | 22 | 24 | 35 | 48 | 53 |
PBT PBTCr | 147 | 162 | 247 | 278 | 305 | 355 | 453 | 506 | 516 |
| 36 | 37 | 58 | 66 | 70 | 80 | 110 | 126 | 127 | |
PAT PATCr | 111 | 125 | 189 | 213 | 235 | 275 | 343 | 380 | 389 |
Growth PAT Growth% | 12.5 | 51.1 | 12.7 | 10.4 | 17.3 | 24.6 | 10.8 | 9.5 | |
NPM NPM% | 38.0 | 38.3 | 40.3 | 27.9 | 23.0 | 21.7 | 24.2 | 24.8 | 22.4 |
| 27.7 | 31.2 | 9.4 | 10.6 | 11.7 | 13.8 | 17.2 | 19.0 | 19.4 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 291 | 326 | 468 | 761 | 1,022 | 1,268 | 1,420 | 1,530 | 1,735 |
Growth Revenue Growth% | 11.9 | 43.4 | 62.8 | 34.3 | 24.1 | 12.0 | 7.7 | 24.4 | |
| 179 | 203 | 262 | 521 | 767 | 983 | 1,045 | 1,096 | 1,294 | |
| 113 | 123 | 206 | 241 | 255 | 285 | 376 | 434 | 440 | |
OPM OPM% | 38.7 | 37.7 | 44.0 | 31.6 | 25.0 | 22.5 | 26.4 | 28.4 | 25.4 |
| 41 | 53 | 59 | 59 | 73 | 96 | 117 | 126 | 136 | |
Interest Expense Interest ExpenseCr | 0 | 1 | 1 | 2 | 2 | 2 | 4 | 7 | 7 |
Depreciation DepreciationCr | 7 | 13 | 17 | 19 | 22 | 24 | 35 | 48 | 53 |
PBT PBTCr | 147 | 162 | 247 | 278 | 305 | 355 | 453 | 506 | 516 |
| 36 | 37 | 58 | 66 | 70 | 80 | 110 | 126 | 127 | |
PAT PATCr | 111 | 125 | 189 | 213 | 235 | 275 | 343 | 380 | 389 |
Growth PAT Growth% | 12.5 | 51.1 | 12.7 | 10.4 | 17.3 | 24.6 | 10.8 | 9.5 | |
NPM NPM% | 38.0 | 38.3 | 40.3 | 27.9 | 23.0 | 21.7 | 24.2 | 24.8 | 22.4 |
| 27.7 | 31.2 | 9.4 | 10.6 | 11.7 | 13.8 | 17.2 | 19.0 | 19.4 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
Reserves ReservesCr | 695 | 807 | 979 | 1,172 | 1,389 | 1,644 | 1,965 | 2,330 |
| 185 | 207 | 473 | 469 | 640 | 552 | 963 | 1,406 | |
| 2 | 14 | 12 | 12 | 25 | 22 | 17 | 34 | |
| 922 | 1,068 | 1,504 | 1,693 | 2,093 | 2,258 | 2,985 | 3,819 | |
| 318 | 350 | 697 | 800 | 835 | 631 | 1,250 | 1,883 | |
| 604 | 718 | 807 | 893 | 1,258 | 1,627 | 1,735 | 1,936 | |
| 922 | 1,068 | 1,504 | 1,693 | 2,093 | 2,258 | 2,985 | 3,819 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
Reserves ReservesCr | 695 | 807 | 979 | 1,172 | 1,389 | 1,644 | 1,965 | 2,330 |
| 185 | 207 | 473 | 469 | 640 | 552 | 963 | 1,406 | |
| 2 | 14 | 12 | 12 | 25 | 22 | 17 | 34 | |
| 922 | 1,068 | 1,504 | 1,693 | 2,093 | 2,258 | 2,985 | 3,819 | |
| 318 | 350 | 697 | 800 | 835 | 631 | 1,250 | 1,883 | |
| 604 | 718 | 807 | 893 | 1,258 | 1,627 | 1,735 | 1,936 | |
| 922 | 1,068 | 1,504 | 1,693 | 2,093 | 2,258 | 2,985 | 3,819 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| 116 | 104 | 148 | 327 | 113 | 563 | 713 | |
| -118 | -36 | -64 | -375 | -173 | -502 | -619 | |
| -14 | -16 | -20 | -20 | -20 | -22 | -18 | |
Net Cash Flow Net Cash FlowCr | -17 | 52 | 63 | -68 | -80 | 39 | 77 |
Free Cash Flow Free Cash FlowCr | 116 | 104 | 148 | 327 | 113 | 563 | 714 |
CFO To PAT CFO To PAT% | 92.8 | 54.9 | 69.5 | 139.3 | 41.0 | 164.2 | 187.8 |
CFO To EBITDA CFO To EBITDA% | 94.2 | 50.3 | 61.4 | 128.1 | 39.6 | 150.0 | 164.3 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| 116 | 104 | 148 | 327 | 113 | 563 | 713 | |
| -118 | -36 | -64 | -375 | -173 | -502 | -619 | |
| -14 | -16 | -20 | -20 | -20 | -22 | -18 | |
Net Cash Flow Net Cash FlowCr | -17 | 52 | 63 | -68 | -80 | 39 | 77 |
Free Cash Flow Free Cash FlowCr | 116 | 104 | 148 | 327 | 113 | 563 | 714 |
CFO To PAT CFO To PAT% | 92.8 | 54.9 | 69.5 | 139.3 | 41.0 | 164.2 | 187.8 |
CFO To EBITDA CFO To EBITDA% | 94.2 | 50.3 | 61.4 | 128.1 | 39.6 | 150.0 | 164.3 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 15,823 | 15,728 | |||||||
Price To Earnings Price To Earnings | 41.7 | 40.5 | |||||||
Price To Sales Price To Sales | 10.3 | 9.1 | |||||||
Price To Book Price To Book | 6.7 | 6.6 | |||||||
EV To EBITDA EV To EBITDA | 35.3 | 34.8 | |||||||
GPM GPM% | 89.6 | 85.3 | 90.0 | 92.3 | 93.4 | 93.6 | 93.4 | 91.8 | 91.8 |
OPM OPM% | 38.7 | 37.7 | 44.0 | 31.6 | 25.0 | 22.5 | 26.4 | 28.4 | 25.4 |
NPM NPM% | 38.0 | 38.3 | 40.3 | 27.9 | 23.0 | 21.7 | 24.2 | 24.8 | 22.4 |
ROCE ROCE% | 20.0 | 19.0 | 24.1 | 23.1 | 21.2 | 21.0 | 22.7 | 21.5 | 21.5 |
ROE ROE% | 15.1 | 14.7 | 18.5 | 17.6 | 16.4 | 16.4 | 17.1 | 16.0 | 16.0 |
ROA ROA% | 12.0 | 11.7 | 12.5 | 12.6 | 11.2 | 12.2 | 11.5 | 9.9 | 9.9 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 15,823 | 15,728 | |||||||
Price To Earnings Price To Earnings | 41.7 | 40.5 | |||||||
Price To Sales Price To Sales | 10.3 | 9.1 | |||||||
Price To Book Price To Book | 6.7 | 6.6 | |||||||
EV To EBITDA EV To EBITDA | 35.3 | 34.8 | |||||||
GPM GPM% | 89.6 | 85.3 | 90.0 | 92.3 | 93.4 | 93.6 | 93.4 | 91.8 | 91.8 |
OPM OPM% | 38.7 | 37.7 | 44.0 | 31.6 | 25.0 | 22.5 | 26.4 | 28.4 | 25.4 |
NPM NPM% | 38.0 | 38.3 | 40.3 | 27.9 | 23.0 | 21.7 | 24.2 | 24.8 | 22.4 |
ROCE ROCE% | 20.0 | 19.0 | 24.1 | 23.1 | 21.2 | 21.0 | 22.7 | 21.5 | 21.5 |
ROE ROE% | 15.1 | 14.7 | 18.5 | 17.6 | 16.4 | 16.4 | 17.1 | 16.0 | 16.0 |
ROA ROA% | 12.0 | 11.7 | 12.5 | 12.6 | 11.2 | 12.2 | 11.5 | 9.9 | 9.9 |
Documents — National Securities Depository Ltd
Concall Transcript Summaries — National Securities Depository Ltd