Updated Transcript of the Earnings Webinar - Q4 & FY26
Investor Presentation
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
Intimation of schedule of Analysts/Institutional Investor Meeting
Transcript of Earnings Webinar - Q4 & FY26
Clarification on Spurt in Volume
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 214.63 | 251.46 | 231.48 | 255.65 | 223.51 | 264.33 | 274.15 | 267.97 | 243.71 | 299.06 | 343.18 | 273.01 |
| YOY Revenue Growth % | 16.49% | 28.49% | 7.33% | 13.12% | 4.14% | 5.12% | 18.43% | 4.82% | 9.04% | 13.14% | 25.18% | 1.88% |
| Other Income | 1.70 | 2.13 | 2.39 | 5.62 | 10.27 | 4.70 | 2.75 | 3.89 | 10.59 | 5.94 | 1.95 | 4.29 |
| Total Income | 216.33 | 253.59 | 233.87 | 261.27 | 233.78 | 269.03 | 276.90 | 271.86 | 254.30 | 305.00 | 345.13 | 277.30 |
| Total Expenses + | 207.85 | 236.00 | 222.84 | 245.35 | 209.56 | 249.93 | 252.24 | 248.44 | 226.32 | 268.74 | 298.46 | 263.28 |
| Cost of Materials Consumed | 25.68 | 57.44 | 34.27 | 52.14 | 23.72 | 55.21 | 62.66 | 46.46 | 31.96 | 67.57 | 75.80 | 78.03 |
| Employee Benefit Expense | 108.90 | 123.80 | 132.55 | 134.90 | 123.41 | 131.75 | 131.93 | 129.33 | 129.18 | 138.07 | 149.68 | 137.47 |
| Other Expenses | 32.21 | 31.78 | 35.42 | 36.82 | 36.76 | 36.80 | 38.92 | 45.97 | 42.61 | 42.81 | 48.77 | 55.09 |
| Operating Profit | 6.78 | 15.47 | 8.64 | 10.30 | 13.95 | 14.40 | 21.91 | 19.53 | 17.38 | 30.32 | 44.72 | 9.73 |
| OPM % | 3.2% | 6.2% | 3.7% | 4% | 6.2% | 5.4% | 8% | 7.3% | 7.1% | 10.1% | 13% | 3.6% |
| Profit Before Tax + | 8.48 | 17.59 | 11.03 | 15.92 | 24.22 | 18.75 | 23.14 | 21.43 | 27.98 | 36.27 | 38.85 | 10.67 |
| Tax Expense | 2.77 | 6.42 | 3.49 | 6.93 | 7.45 | 6.50 | 8.37 | -10.07 | 7.12 | 13.14 | 11.19 | 10.26 |
| Tax % | 32.7% | 36.5% | 31.6% | 43.5% | 30.8% | 34.7% | 36.2% | -47% | 25.4% | 36.2% | 28.8% | 96.1% |
| Profit After Tax | 5.71 | 11.17 | 7.54 | 8.99 | 16.77 | 12.25 | 14.76 | 31.50 | 20.86 | 23.13 | 27.66 | 0.41 |
| EPS (Basic) | 1.47 | 2.89 | 1.93 | 2.11 | 4.07 | 2.93 | 3.50 | 7.24 | 4.88 | 5.42 | 6.52 | 0.10 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,158.95 | 1,030.72 | 952.23 | 821.62 | 610.31 | 523.85 | 672.86 |
| YOY Revenue Growth % | 12.44% | 8.24% | 15.9% | 34.62% | 16.5% | -22.15% | - |
| Other Income | 22.78 | 20.85 | 12.83 | 5.96 | 9.09 | 14.46 | 7.62 |
| Total Income | 1,181.73 | 1,051.57 | 965.06 | 827.58 | 619.40 | 538.31 | 680.48 |
| Total Expenses + | 1,056.80 | 960.17 | 912.03 | 738.48 | 580.48 | 508.34 | 581.21 |
| Cost of Materials Consumed | 253.36 | 188.06 | 162.57 | 179.19 | 116.67 | 98.50 | 102.55 |
| Employee Benefit Expense | 554.40 | 516.42 | 500.15 | 360.89 | 312.14 | 266.61 | 361.17 |
| Other Expenses | 189.28 | 158.46 | 136.23 | 135.98 | 110.86 | 94.74 | 117.49 |
| Operating Profit | 102.16 | 70.55 | 40.19 | 83.15 | 29.82 | 15.51 | 91.65 |
| OPM % | 8.8% | 6.8% | 4.2% | 10.1% | 4.9% | 3% | 13.6% |
| Profit Before Exceptional | 124.94 | 91.40 | 53.02 | 89.11 | 38.92 | 29.97 | 38.23 |
| Exceptional Items | -11.17 | -3.86 | 0.00 | -68.04 | -1.69 | -40.80 | 0.00 |
| Profit Before Tax + | 113.77 | 87.54 | 53.02 | 21.07 | 37.22 | -10.83 | 38.23 |
| Tax Expense | 41.70 | 12.26 | 19.61 | 25.87 | 14.54 | 10.38 | 7.93 |
| Tax % | 36.7% | 14% | 37% | 122.8% | 39.1% | - | 20.8% |
| Profit After Tax | 72.07 | 75.28 | 33.41 | -4.80 | 22.68 | -21.21 | 30.30 |
| EPS (Basic) | 16.92 | 17.76 | 8.40 | -1.37 | 5.86 | -5.74 | 7.87 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 635.22 | 483.95 | 476.23 | 366.34 | 361.99 | 378.18 | 0.00 |
| Property, Plant & Equipment | 91.53 | 81.56 | 68.60 | 56.84 | 57.81 | 52.00 | 0.00 |
| Capital Work in Progress | 44.22 | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 0.89 | 1.01 | 1.63 | 4.46 | 2.04 | 6.97 | 0.00 |
| Goodwill | 150.53 | 153.58 | 162.11 | 113.48 | 111.58 | 104.71 | 0.00 |
| Other Intangible Assets | 39.17 | 24.22 | 30.63 | 26.20 | 28.98 | 35.25 | 0.00 |
| Current Assets + | 830.99 | 643.17 | 654.58 | 538.04 | 432.41 | 364.18 | 0.00 |
| Inventories | 78.97 | 60.87 | 69.33 | 65.85 | 51.58 | 23.30 | 0.00 |
| Trade Receivables | 411.34 | 301.80 | 234.12 | 179.03 | 145.17 | 127.55 | 0.00 |
| Cash and Cash Equivalents | 17.83 | 52.35 | 55.61 | 75.07 | 71.09 | 52.70 | 0.00 |
| Current Investments | 4.32 | 52.32 | 28.72 | 29.00 | 15.27 | 40.59 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 734.44 | 655.79 | 591.76 | 343.86 | 336.61 | 303.51 | 0.00 |
| Equity Share Capital | 21.27 | 21.26 | 20.99 | 19.12 | 18.97 | 18.90 | 0.00 |
| Other Equity | 706.27 | 627.79 | 564.37 | 318.96 | 312.29 | 279.71 | 0.00 |
| Non-Current Liabilities | 189.19 | 181.01 | 202.69 | 203.24 | 22.11 | 98.70 | 0.00 |
| Current Liabilities | 542.58 | 290.32 | 344.66 | 357.28 | 435.68 | 340.15 | 0.00 |
| Total Liabilities | 731.77 | 471.32 | 547.35 | 560.52 | 457.79 | 438.85 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | -1.36 | 88.34 | 78.93 | 70.64 | 31.18 | 122.12 | 0.00 |
| Cash from Investing Activities | -70.74 | 8.64 | -162.74 | -200.81 | 29.58 | -21.77 | 0.00 |
| Cash from Financing Activities | 37.66 | -99.53 | 63.88 | 132.80 | -42.30 | -92.94 | 0.00 |
| Net Increase/Decrease in Cash | -34.52 | -3.26 | -19.46 | 3.97 | 18.40 | 7.92 | 0.00 |