


| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 235 | 215 | 253 | 270 | 251 | 246 | 227 | 263 | 252 | 250 | 299 | 292 | |
Growth YoY Revenue Growth YoY% | 6.9 | 4.0 | 11.2 | 8.2 | 7.0 | 14.4 | -10.1 | -2.5 | 0.2 | 1.8 | 31.9 | 11.2 |
| 105 | 109 | 102 | 110 | 94 | 96 | 94 | 124 | 95 | 102 | 122 | 132 | |
| 130 | 106 | 151 | 159 | 157 | 150 | 133 | 139 | 157 | 148 | 178 | 160 | |
OPM OPM% | 55.4 | 49.3 | 59.6 | 59.1 | 62.6 | 60.8 | 58.4 | 52.8 | 62.3 | 59.1 | 59.4 | 54.9 |
| 24 | 16 | 26 | 25 | -35 | 25 | 25 | 25 | 23 | 24 | 70 | 18 | |
Interest Expense Interest ExpenseCr | 2 | 3 | 2 | 2 | 3 | 2 | 2 | 1 | 2 | 2 | 1 | 2 |
Depreciation DepreciationCr | 28 | 29 | 29 | 29 | 29 | 29 | 29 | 31 | 28 | 31 | 32 | 32 |
PBT PBTCr | 125 | 91 | 146 | 153 | 91 | 144 | 126 | 132 | 150 | 139 | 215 | 144 |
| 27 | 23 | 53 | 37 | 25 | 34 | 51 | 33 | 38 | 35 | 54 | 36 | |
| 97 | 68 | 92 | 116 | 66 | 110 | 75 | 99 | 112 | 104 | 161 | 108 | |
Growth YoY PAT Growth YoY% | 30.8 | 14.3 | 27.9 | 37.6 | -32.4 | 61.7 | -18.2 | -14.4 | 70.7 | -4.9 | 112.9 | 8.6 |
NPM NPM% | 41.5 | 31.6 | 36.5 | 43.0 | 26.2 | 44.6 | 33.3 | 37.8 | 44.6 | 41.7 | 53.7 | 36.9 |
| 2.0 | 1.4 | 1.9 | 2.4 | 1.4 | 2.3 | 1.6 | 2.1 | 2.3 | 2.2 | 3.3 | 2.2 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 660 | 683 | 649 | 702 | 735 | 733 | 741 | 917 | 988 | 988 | 1,094 |
Growth Revenue Growth% | 3.5 | -5.0 | 8.2 | 4.8 | -0.3 | 1.1 | 23.7 | 7.8 | -0.1 | 10.8 | |
| 285 | 265 | 275 | 313 | 289 | 311 | 331 | 415 | 415 | 410 | 451 | |
| 375 | 419 | 374 | 389 | 447 | 422 | 410 | 502 | 573 | 578 | 643 | |
OPM OPM% | 56.9 | 61.3 | 57.6 | 55.4 | 60.7 | 57.5 | 55.4 | 54.8 | 58.0 | 58.5 | 58.8 |
| 85 | 68 | 60 | 76 | 78 | 48 | 30 | 35 | 31 | 98 | 136 | |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 7 | 6 | 5 | 8 | 9 | 6 | 7 |
Depreciation DepreciationCr | 96 | 107 | 104 | 113 | 131 | 133 | 129 | 116 | 116 | 117 | 124 |
PBT PBTCr | 364 | 379 | 330 | 352 | 386 | 330 | 307 | 413 | 479 | 552 | 648 |
| 127 | 97 | 109 | 115 | 66 | 108 | 109 | 100 | 137 | 155 | 162 | |
PAT PATCr | 237 | 282 | 221 | 237 | 319 | 222 | 197 | 313 | 342 | 397 | 485 |
Growth PAT Growth% | 19.3 | -21.7 | 7.1 | 35.0 | -30.5 | -11.1 | 58.7 | 9.2 | 16.1 | 22.3 | |
NPM NPM% | 35.9 | 41.3 | 34.1 | 33.7 | 43.4 | 30.3 | 26.6 | 34.1 | 34.6 | 40.2 | 44.4 |
| 4.7 | 5.8 | 4.6 | 4.9 | 6.6 | 4.6 | 4.1 | 6.5 | 7.1 | 8.2 | 10.0 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 |
Reserves ReservesCr | 1,519 | 1,659 | 1,676 | 1,714 | 1,805 | 1,756 | 1,760 | 1,827 | 1,830 | 1,854 | 1,915 |
| 296 | 243 | 218 | 230 | 186 | 222 | 242 | 290 | 371 | 356 | 335 | |
| 165 | 88 | 79 | 118 | 155 | 188 | 247 | 269 | 252 | 242 | 227 | |
| 2,464 | 2,473 | 2,456 | 2,546 | 2,629 | 2,649 | 2,733 | 2,869 | 2,937 | 2,935 | 2,961 | |
| 350 | 407 | 488 | 632 | 717 | 797 | 938 | 1,053 | 1,130 | 1,140 | 1,147 | |
| 2,113 | 2,067 | 1,968 | 1,914 | 1,912 | 1,852 | 1,795 | 1,817 | 1,807 | 1,795 | 1,814 | |
| 2,464 | 2,473 | 2,456 | 2,546 | 2,629 | 2,649 | 2,733 | 2,869 | 2,937 | 2,935 | 2,961 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 389 | 406 | 315 | 299 | 343 | 388 | 380 | 370 | 489 | 446 | |
| -285 | -245 | -129 | -126 | -85 | -105 | -166 | -82 | -111 | -56 | |
| 0 | -227 | -204 | -198 | -250 | -296 | -220 | -273 | -370 | -401 | |
Net Cash Flow Net Cash FlowCr | 104 | -66 | -18 | -25 | 8 | -13 | -6 | 15 | 8 | -11 |
Free Cash Flow Free Cash FlowCr | 23 | 263 | 261 | 268 | 329 | 343 | 329 | 312 | 418 | 351 |
CFO To PAT CFO To PAT% | 164.5 | 143.8 | 142.3 | 126.5 | 107.5 | 174.8 | 192.7 | 118.2 | 142.9 | 112.4 |
CFO To EBITDA CFO To EBITDA% | 103.7 | 97.0 | 84.1 | 77.0 | 76.9 | 91.9 | 92.7 | 73.7 | 85.3 | 77.2 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 8,455 | 7,967 | 6,978 | 4,817 | 2,920 | 4,694 | 3,701 | 5,627 | 10,276 | 6,674 |
Price To Earnings Price To Earnings | 37.1 | 30.4 | 31.6 | 20.3 | 9.1 | 21.1 | 18.8 | 18.0 | 30.1 | 16.8 |
Price To Sales Price To Sales | 12.8 | 11.7 | 10.8 | 6.9 | 4.0 | 6.4 | 5.0 | 6.1 | 10.4 | 6.8 |
Price To Book Price To Book | 4.0 | 3.7 | 3.2 | 2.2 | 1.3 | 2.1 | 1.6 | 2.4 | 4.4 | 2.9 |
EV To EBITDA EV To EBITDA | 21.8 | 18.2 | 17.5 | 11.0 | 5.2 | 9.5 | 7.0 | 9.6 | 16.3 | 9.8 |
GPM GPM% | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
OPM OPM% | 56.9 | 61.3 | 57.6 | 55.4 | 60.7 | 57.5 | 55.4 | 54.8 | 58.0 | 58.5 |
NPM NPM% | 35.9 | 41.3 | 34.1 | 33.7 | 43.4 | 30.3 | 26.6 | 34.1 | 34.6 | 40.2 |
ROCE ROCE% | 18.2 | 17.7 | 15.3 | 16.0 | 16.8 | 14.7 | 13.6 | 17.6 | 20.4 | 23.3 |
ROE ROE% | 11.8 | 13.2 | 10.2 | 10.8 | 14.0 | 9.9 | 8.8 | 13.6 | 14.8 | 17.0 |
ROA ROA% | 9.6 | 11.4 | 9.0 | 9.3 | 12.2 | 8.4 | 7.2 | 10.9 | 11.7 | 13.5 |