Financial Results - Standalone (₹ in Millions)
Quarterly Performance (Q2 FY26)
- Revenue from operations: ₹494.56
- Dividend income: ₹440.47
- Interest on fixed deposits: ₹56.40
- Net gain/(loss) on fair value changes: (₹2.31)
- Total expenses: ₹25.77
- Employee benefits: ₹1.46
- Other expenses: ₹24.31
- Profit before tax: ₹468.79
- Tax expense: ₹105.67
- Current tax: ₹107.00
- Deferred tax: (₹1.33)
- Profit after tax: ₹363.12
- Other Comprehensive Income: (₹12,368.69)
- Changes in fair value of FVTOCI equity investment: (₹14,432.54)
- Tax on above: ₹2,063.85
- Total Comprehensive Income: (₹12,005.57)
- Earnings per share (₹10 face value): ₹83.18 (basic & diluted)
Half Year Performance (H1 FY26)
- Revenue from operations: ₹554.04
- Dividend income: ₹440.47
- Interest on fixed deposits: ₹107.67
- Net gain on fair value changes: ₹5.90
- Profit before tax: ₹501.93
- Tax expense: ₹114.60
- Current tax: ₹114.00
- Deferred tax: ₹0.60
- Profit after tax: ₹387.33
- Other Comprehensive Income: ₹14,473.73
- Total Comprehensive Income: ₹14,861.06
- Earnings per share: ₹88.73
Comparative Figures
- Q2 FY25: Profit after tax ₹309.89 million, EPS ₹70.98
- H1 FY25: Profit after tax ₹330.65 million, EPS ₹75.14
- FY26 (Audited): Profit after tax ₹511.17 million, EPS ₹117.10
Balance Sheet Highlights - Standalone (₹ in Millions)
- Total assets: ₹138,855.26 (Sep 2026) vs ₹121,726.62 (Mar 2026)
- Investments: ₹135,467.87 (Sep 2026) vs ₹118,620.22 (Mar 2026)
- Bank balances: ₹3,378.17 (Sep 2026) vs ₹3,099.74 (Mar 2026)
- Deferred tax liabilities: ₹12,029.61 (Sep 2026) vs ₹9,743.22 (Mar 2026)
- Other equity: ₹126,726.27 (Sep 2026) vs ₹111,908.84 (Mar 2026)
Cash Flow Statement - Standalone (₹ in Millions)
- Net cash from operating activities: ₹128.44 (H1 FY26) vs (₹109.93) (H1 FY25)
- Net cash from investing activities: (₹82.56) (H1 FY26) vs ₹136.31 (H1 FY25)
- Dividend paid: (₹43.65) (H1 FY26)
Consolidated Financial Results (₹ in Millions)
Quarterly Performance (Q2 FY26)
- Profit after tax: ₹337.24
- Share in profit after tax of associate: (₹19.13)
- Total Comprehensive Income: (₹12,030.04)
- Earnings per share: ₹77.25
Half Year Performance (H1 FY26)
- Profit after tax: ₹344.08
- Share in profit after tax of associate: (₹42.34)
- Total Comprehensive Income: ₹14,819.69
- Earnings per share: ₹78.82
Management Appointment
Mr. Yogesh S. Apre has been appointed as Company Secretary & Compliance Officer effective November 4, 2026. He is a Bachelor of Commerce and Associate member of the Institute of Company Secretaries of India with four years of experience.
Associate Company Matters (Hikal Limited - 31.36% holding)
- Ongoing environmental matter with Supreme Court stay on ₹174.5 million compensation order
- No material developments during the quarter
- Associate company recorded impairment charge of ₹147.71 million in Q4 FY26
- Salary restructuring resulted in reduction of liability by ₹89 million in Q1 FY27
- Tax provision reversal of ₹107 million following CIT(Appeals) order in April 2026