Key Financial Results (Amounts in ₹ million)

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹10,183.42
  • Other income: ₹92.70
  • Total income: ₹10,276.12
  • Total expenses: ₹9,829.23
  • Profit before tax: ₹446.67
  • Total tax expense: ₹101.40
  • Profit for the quarter: ₹345.27
  • Basic EPS: ₹5.10 (not annualized)
  • Diluted EPS: ₹5.09 (not annualized)

Financial Year Ended March 31, 2026:

  • Revenue from operations: ₹31,069.71
  • Other income: ₹214.11
  • Total income: ₹31,283.82
  • Total expenses: ₹29,808.29
  • Profit before exceptional items and tax: ₹1,475.53
  • Exceptional items (net): ₹16.38
  • Profit before tax: ₹1,459.15
  • Total tax expense: ₹357.89
  • Profit for the year: ₹1,101.26
  • Basic EPS: ₹18.38
  • Diluted EPS: ₹18.37

Comparative Performance (YoY):

  • Revenue growth: 61% (from ₹19,282.93 million in FY25)
  • Net profit growth: 62% (from ₹679.88 million in FY25)

Capital Structure

  • Paid up equity share capital (face value of ₹5 each): ₹338.78 million
  • Other equity: ₹7,742.23 million

IPO Completion

During the quarter ended December 31, 2025, the Company completed an Initial Public Offering comprising 16,311,303 equity shares having a face value of ₹5 each at a premium of ₹379 each. This comprised:

  • Fresh issue of 10,937,500 equity shares amounting to ₹4,200 million
  • Offer for sale (OFS) of 5,373,803 equity shares by promoter selling shareholders amounting to ₹2,063.54 million

The entire post-issue fully paid-up equity shares were listed on BSE Limited and National Stock Exchange of India Limited on December 23, 2025.

Exceptional Items

The Company recognized an exceptional item of ₹16.38 million for the year ended March 31, 2026, representing incremental past service cost in relation to gratuity and compensated absences due to the implementation of new Labour Codes effective from November 21, 2025.

Share Capital Changes

In an extraordinary general meeting dated February 11, 2025, shareholders approved:

  • Split of each equity share having face value of ₹100 each into equity shares of face value of ₹5 each
  • Issuance of bonus shares in the ratio of 4:1 to existing equity shareholders
  • Record date for bonus issue: February 10, 2025

Cash Flow Statement (Year Ended March 31, 2026)

  • Net cash used in operating activities: ₹(649.70) million
  • Net cash used in investing activities: ₹(1,791.06) million
  • Net cash from financing activities: ₹3,058.24 million
  • Net increase in cash and cash equivalents: ₹617.48 million
  • Cash and cash equivalents at year-end: ₹721.16 million

Financing activities included prepayment of term loan and working capital facilities amounting to ₹2,259.77 million from IPO proceeds.

Balance Sheet Position (As of March 31, 2026)

  • Total assets: ₹13,225.66 million
  • Total equity: ₹8,081.01 million
  • Total liabilities: ₹5,144.65 million
  • Current assets: ₹8,892.59 million
  • Non-current assets: ₹4,333.07 million

Auditor's Opinion

The statutory auditors, Kirtane & Pandit LLP (FRN: 105215W/W100057), expressed an unmodified opinion on the financial results, confirming they give a true and fair view in conformity with Indian Accounting Standards.

Additional Information

The financial results are available on the Company's website and on the websites of BSE and NSE.