Consolidated figures · ₹ crore
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,531 | 4,516 | 5,228 | 7,248 | 7,248 | 6,556 | 8,958 | 13,391 | 16,321 | 20,481 | 22,226 | |
| COGS | 1,738 | 1,810 | 2,244 | 3,219 | 3,219 | 2,764 | 4,035 | 6,261 | 7,405 | 8,905 | 9,715 |
| Gross profit | 2,794 | 2,706 | 2,984 | 4,029 | 4,029 | 3,792 | 4,924 | 7,129 | 8,916 | 11,577 | 12,510 |
| 1,998 | 1,870 | 1,977 | 2,581 | 2,577 | 2,590 | 3,269 | 4,341 | 5,307 | 6,867 | 7,467 | |
| 796 | 836 | 1,007 | 1,448 | 1,452 | 1,202 | 1,655 | 2,788 | 3,609 | 4,710 | 5,043 | |
| OPM % | 17.6% | 18.5% | 19.3% | 20% | 20% | 18.3% | 18.5% | 20.8% | 22.1% | 23% | 22.7% |
| Depreciation | 322 | 347 | 385 | 489 | 489 | 529 | 531 | 617 | 681 | 947 | 1,216 |
| Interest | 433 | 212 | 213 | 310 | 310 | 281 | 185 | 186 | 268 | 450 | 170 |
| 36 | 13 | 22 | 43 | 43 | -30 | 68 | 39 | 79 | 121 | 352 | |
| Profit before tax | 79 | 291 | 434 | 696 | 696 | 363 | 1,007 | 2,024 | 2,739 | 3,433 | 4,010 |
| Tax | 31 | 77 | 134 | 224 | 224 | 5 | 261 | 474 | 638 | 799 | 948 |
| Tax % | 39.5% | 26.4% | 30.9% | 32.2% | 32.2% | 1.4% | 25.9% | 23.4% | 23.3% | 23.3% | 23.6% |
| 48 | 214 | 300 | 472 | 472 | 357 | 746 | 1,550 | 2,102 | 2,634 | 3,062 | |
| PAT margin % | 1.1% | 4.7% | 5.7% | 6.5% | 6.5% | 5.5% | 8.3% | 11.6% | 12.9% | 12.9% | 13.8% |
| EPS (₹) | 2.9 | 11.5 | 10.7 | 16.8 | 16.8 | 11.4 | 16 | 23.1 | 15.8 | 8 | 9 |
| EPS adjusted (₹) | — | 0.7 | 1 | 1 | — | 1 | 2.1 | 4.6 | 6.3 | 7.7 | 9 |
| 0% | 0% | 23.4% | 14.9% | 14.9% | 21.9% | 15.6% | 15.2% | 15.8% | 22% | 16.7% | |
| Annual report | Annual report for Mar 2016 | Annual report for Mar 2017 | Annual report for Mar 2018 | Annual report for Mar 2019 | Annual report for Dec 2019 | Annual report for Dec 2020 | Annual report for Dec 2021 | Annual report for Dec 2022 | Annual report for Dec 2023 | Annual report for Dec 2024 | Annual report for Dec 2025 |
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 183 | 183 | 289 | 289 | 289 | 433 | 650 | 650 | 676 | 676 |
| Reserves | 1,587 | 1,816 | 3,040 | 3,235 | — | 3,647 | 4,453 | 6,287 | 15,934 | 18,902 |
| Minority interest | — | 8 | 31 | 65 | — | 117 | 113 | 148 | 130 | 162 |
| 2,045 | 2,358 | 2,823 | 2,693 | — | 2,442 | 3,695 | 5,431 | 2,826 | 2,508 | |
| 1,469 | 1,667 | 2,207 | 2,176 | — | 2,943 | 2,708 | 2,671 | 3,578 | 3,316 | |
| Total equity & liabilities | 5,284 | 6,031 | 8,388 | 8,458 | — | 9,582 | 11,618 | 15,187 | 23,144 | 25,565 |
| 3,981 | 4,387 | 6,479 | 6,409 | 6,384 | 6,311 | 6,932 | 8,409 | 13,402 | 16,759 | |
| CWIP | 145 | 352 | 64 | 67 | — | 497 | 607 | 1,922 | 1,162 | 266 |
| Investments | 8 | 11 | 0 | 0 | — | 0 | 0 | 21 | 60 | 174 |
| 1,149 | 1,281 | 1,846 | 1,983 | — | 2,775 | 4,079 | 4,835 | 8,520 | 8,366 | |
| Total assets | 5,284 | 6,031 | 8,388 | 8,458 | — | 9,582 | 11,618 | 15,187 | 23,144 | 25,565 |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 826 | 619 | 1,000 | 1,308 | 1,012 | 1,012 | 1,231 | 1,790 | 2,391 | 3,381 | 3,509 | |
| -1,048 | -1,107 | -873 | -2,319 | -471 | -471 | -1,011 | -1,705 | -3,290 | -4,317 | -2,735 | |
| 230 | 521 | -84 | 1,107 | -574 | -574 | -178 | -18 | 985 | 2,954 | -1,266 | |
| Net cash flow | 8 | 32 | 42 | 96 | -33 | -33 | 43 | 67 | 86 | 2,018 | -492 |
| Free cash flow | — | — | — | — | — | 452 | 397 | -11 | -873 | -398 | 770 |
| CFO / Operating profit % | 103.8% | 74.1% | 99.3% | 90.3% | — | 84.2% | 74.4% | 64.2% | 66.2% | 71.8% | 69.5% |