Consolidated figures · ₹ crore
| ₹ Cr | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| 789 | 1,206 | 1,528 | 1,280 | 1,163 | 1,174 | 1,393 | 1,404 | 1,393 | |
| Interest | 326 | 564 | 794 | 709 | 540 | 580 | 687 | 741 | 621 |
| Expenses | 146 | 245 | 1,142 | 764 | 1,496 | 321 | 547 | 586 | 1,620 |
| Financing profit | 317 | 397 | -408 | -193 | -873 | 273 | 158 | 78 | -848 |
| Financing margin % | 40.2% | 33% | -26.7% | -15.1% | -75.1% | 23.2% | 11.4% | 5.5% | -60.9% |
| Other income | 0 | 1 | 1 | 7 | 12 | 5 | 5 | 5 | 1 |
| Depreciation | 5 | 18 | 30 | 34 | 35 | 40 | 33 | 31 | 29 |
| Exceptional items | — | — | 0 | 0 | — | 0 | 0 | 0 | 1,176 |
| Profit before tax | 312 | 379 | -437 | -219 | -896 | 239 | 130 | 121 | 310 |
| Tax | 112 | 138 | -112 | -5 | -160 | 13 | 14 | 0 | 169 |
| Tax % | 35.9% | 36.5% | -25.7% | -2.2% | -17.8% | 5.7% | 10.6% | 0.1% | 54.6% |
| PAT | 200 | 241 | -325 | -214 | -737 | 225 | 116 | 121 | 140 |
| EPS (₹) | 25.5 | 26.6 | -35.2 | -20.8 | -59.5 | 16.6 | 8.5 | 8.9 | 9.7 |
| EPS adjusted (₹) | 25.6 | 26.1 | -35.1 | -17.3 | -54.1 | 16.6 | 8.5 | 8.9 | 8.7 |
| 0% | 7.5% | — | — | — | 0% | 0% | 0% | — | |
| Annual report | Annual report for Mar 2018 | Annual report for Mar 2019 | Annual report for Mar 2020 | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | — |
| ₹ Cr | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 78 | 92 | 92 | 124 | 136 | 136 | 136 | 136 | 162 |
| Reserves | 1,761 | 2,914 | 2,588 | 3,562 | 2,793 | 2,976 | 3,099 | 3,499 | 3,621 |
| Minority interest | 0 | — | — | 12 | — | — | — | — | — |
| 3,373 | 9,062 | 7,142 | 6,008 | 6,223 | 5,648 | — | 6,916 | 5,477 | |
| 170 | 232 | 306 | 378 | 509 | 363 | 7,885 | 2,704 | 257 | |
| Total equity & liabilities | 5,383 | 12,300 | 10,129 | 10,084 | 9,661 | 9,122 | 11,121 | 13,256 | 9,517 |
| 9 | 370 | 383 | 366 | 386 | 390 | 381 | 365 | 355 | |
| CWIP | — | — | — | — | — | 0 | 0 | 0 | 0 |
| Investments | 187 | 301 | 231 | 1,591 | 548 | 1,039 | 0 | 1,818 | 982 |
| 5,188 | 11,629 | 9,515 | 8,127 | 8,728 | 7,693 | 10,740 | 11,073 | 8,180 | |
| Total assets | 5,383 | 12,300 | 10,129 | 10,084 | 9,661 | 9,122 | 11,121 | 13,256 | 9,517 |
| ₹ Cr | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| -2,091 | 1,710 | 1,068 | -1,564 | 899 | -2,208 | -1,061 | -989 | |
| 260 | -2,272 | -992 | 1,165 | -259 | 683 | -305 | 2,259 | |
| 2,787 | -354 | 35 | 200 | -540 | 1,959 | 1,070 | -1,330 | |
| Net cash flow | — | — | 111 | — | 99 | 434 | -296 | -60 |
| Free cash flow | -2,112 | 1,670 | 1,061 | -1,587 | 891 | -2,221 | -1,083 | -998 |
| CFO / Operating profit % | -217.6% | 443.3% | 207% | — | 105.3% | -261.1% | -129.6% | — |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2025 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Commercial vehicles | 1,256.56 | 167.28 | 7,417.82 | 5,194.65 | 2,223.17 | 7.52 |
| Discontinued operations | 409.08 | 90.85 |
| 2,942.24 |
| 2,284.45 |
| 657.79 |
| 13.81 |
| Unallocated | 75.39 | -144.41 | 1,642.63 | 1,282.98 | 359.65 | -40.15 |
| SME | 51.78 | 17.09 | 460.31 | 326.72 | 133.59 | 12.79 |
| Large corporate | 25.93 | 12.59 | 792.9 | 531.67 | 261.23 | 4.82 |
₹ crore by fiscal year