Earnings Call Transcript
Earnings Call Recording
Investor Presentation - Q4 & FY26
The Board has recommedned a final dividend of Rs. 8 per share subject to the approval of Shareholders of the Company.
Outcome of Board Meeting
Earnings Call on Wednesday, 20th May 2026 at 03:30 PM IST, to discuss Operational and Financial performance for Q4 & FY26
(1) Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and year ended 31st March, 2026. (2) Recommend final dividend, if any, on the equity share capital of the Company for the financial year 2025-26
| 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 | 331.52 | 339.70 | 372.20 | 347.61 | 359.93 | 396.34 | 472.03 | 419.58 | 465.00 | 516.72 | 596.72 | 574.99 |
| YOY Revenue Growth % | 34.07% | 30.59% | 18.99% | 16.16% | 8.57% | 16.67% | 26.82% | 20.7% | 29.19% | 30.37% | 26.42% | 37.04% |
| Other Income | 5.95 | 6.01 | 7.46 | 9.32 | 10.24 | 13.72 | 11.25 | 11.48 | 11.88 | 14.30 | 18.50 | 9.66 |
| Total Income | 337.47 | 345.71 | 379.66 | 356.93 | 370.17 | 410.06 | 483.28 | 431.06 | 476.88 | 531.02 | 615.22 | 584.65 |
| Total Expenses + | 293.72 | 301.00 | 329.43 | 310.13 | 330.91 | 360.23 | 426.94 | 387.07 | 432.88 | 484.05 | 558.44 | 534.10 |
| Cost of Materials Consumed | 27.32 | 26.93 | 21.44 | 20.74 | 22.91 | 23.67 | 27.34 | 33.08 | 32.53 | 35.79 | 40.04 | 35.90 |
| Employee Benefit Expense | 46.65 | 47.07 | 46.01 | 46.00 | 47.74 | 49.06 | 53.46 | 52.39 | 59.87 | 64.70 | 71.99 | 74.42 |
| Other Expenses | 40.49 | 40.98 | 40.66 | 41.67 | 43.02 | 51.34 | 55.73 | 59.44 | 62.82 | 71.59 | 81.83 | 81.13 |
| Operating Profit | 37.80 | 38.70 | 42.77 | 37.48 | 29.02 | 36.11 | 45.09 | 32.51 | 32.12 | 32.67 | 38.28 | 40.89 |
| OPM % | 11.4% | 11.4% | 11.5% | 10.8% | 8.1% | 9.1% | 9.6% | 7.7% | 6.9% | 6.3% | 6.4% | 7.1% |
| Profit Before Tax + | 43.75 | 44.93 | 50.23 | 46.97 | 39.26 | 49.49 | 56.34 | 43.99 | 44.00 | 46.97 | 54.33 | 50.42 |
| Tax Expense | 10.88 | 12.27 | 13.13 | 12.16 | 11.30 | 13.88 | 9.19 | 12.43 | 14.30 | 14.31 | 16.04 | 15.88 |
| Tax % | 24.9% | 27.3% | 26.1% | 25.9% | 28.8% | 28% | 16.3% | 28.3% | 32.5% | 30.5% | 29.5% | 31.5% |
| Profit After Tax | 32.87 | 32.66 | 37.10 | 34.81 | 27.96 | 35.61 | 47.15 | 31.56 | 29.70 | 32.66 | 38.29 | 34.54 |
| EPS (Basic) | 20.58 | 20.29 | 20.64 | 20.40 | 13.78 | 19.65 | 26.10 | 16.37 | 16.61 | 15.75 | 18.69 | 20.58 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,153.43 | 1,647.88 | 1,391.03 | 1,119.45 | 816.24 | 548.82 | 652.28 |
| YOY Revenue Growth % | 30.68% | 18.46% | 24.26% | 37.15% | 48.73% | -15.86% | - |
| Other Income | 54.34 | 46.69 | 28.74 | 19.31 | 15.34 | 18.42 | 6.07 |
| Total Income | 2,207.77 | 1,694.57 | 1,419.77 | 1,138.76 | 831.58 | 567.24 | 658.35 |
| Total Expenses + | 2,009.43 | 1,505.13 | 1,234.27 | 1,031.65 | 779.26 | 199.68 | 652.90 |
| Cost of Materials Consumed | 144.26 | 107.01 | 96.43 | 86.46 | 61.48 | 39.33 | 47.22 |
| Employee Benefit Expense | 270.98 | 202.65 | 185.73 | 174.00 | 120.39 | 86.33 | 102.33 |
| Other Expenses | 297.31 | 209.51 | 163.81 | 155.52 | 116.92 | 74.02 | 96.39 |
| Operating Profit | 144.00 | 142.75 | 156.76 | 87.80 | 36.98 | 349.14 | -0.62 |
| OPM % | 6.7% | 8.7% | 11.3% | 7.8% | 4.5% | 63.6% | -0.1% |
| Profit Before Exceptional | 198.34 | 189.44 | 185.50 | 107.11 | 52.32 | 10.51 | 5.45 |
| Exceptional Items | -2.68 | 0.00 | 0.74 | 0.50 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 195.66 | 189.44 | 186.24 | 107.61 | 52.32 | 10.51 | 5.45 |
| Tax Expense | 60.48 | 47.15 | 48.79 | 30.63 | 15.18 | 3.54 | 7.40 |
| Tax % | 30.9% | 24.9% | 26.2% | 28.5% | 29% | 33.7% | 135.8% |
| Profit After Tax | 135.18 | 142.29 | 137.45 | 76.98 | 37.14 | 6.97 | -1.95 |
| EPS (Basic) | 71.63 | 76.26 | 81.90 | 42.18 | 25.26 | 4.86 | -0.51 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 949.47 | 731.98 | 467.00 | 387.88 | 300.79 | 0.00 | 299.22 |
| Property, Plant & Equipment | 374.77 | 571.02 | 196.60 | 187.42 | 159.92 | 0.00 | 158.60 |
| Capital Work in Progress | 21.93 | 46.80 | 41.64 | 13.42 | 2.27 | 0.00 | 2.90 |
| Non-Current Investments | 2.69 | 2.54 | 2.11 | 0.49 | 0.49 | 0.00 | 0.48 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 348.64 | 30.17 | 153.17 | 115.61 | 105.47 | 0.00 | 110.38 |
| Current Assets + | 1,805.34 | 1,358.12 | 1,174.53 | 772.64 | 437.71 | 0.00 | 358.01 |
| Inventories | 792.77 | 657.86 | 489.82 | 380.98 | 279.52 | 0.00 | 252.72 |
| Trade Receivables | 116.97 | 88.19 | 70.63 | 62.43 | 45.41 | 0.00 | 28.49 |
| Cash and Cash Equivalents | 208.55 | 194.74 | 238.97 | 58.37 | 52.03 | 0.00 | 22.79 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 1,917.86 | 1,410.50 | 1,144.29 | 702.14 | 309.62 | 0.00 | 227.41 |
| Equity Share Capital | 12.39 | 12.39 | 12.62 | 12.62 | 12.82 | 0.00 | 11.74 |
| Other Equity | 1,067.84 | 902.62 | 721.33 | 443.66 | 238.78 | 0.00 | 174.02 |
| Non-Current Liabilities | 368.00 | 353.10 | 170.08 | 175.10 | 170.39 | 0.00 | 174.00 |
| Current Liabilities | 468.95 | 326.50 | 327.16 | 283.28 | 258.49 | 0.00 | 255.82 |
| Total Liabilities | 836.95 | 679.60 | 497.24 | 458.38 | 428.88 | 0.00 | 429.82 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 143.90 | -4.32 | 97.88 | 45.89 | 42.73 | 0.00 | 0.00 |
| Cash from Investing Activities | -419.77 | 109.19 | 65.51 | -266.76 | -35.76 | 0.00 | 0.00 |
| Cash from Financing Activities | 289.69 | -149.10 | 17.21 | 227.21 | 14.16 | 0.00 | 0.00 |
| Net Increase/Decrease in Cash | 13.81 | -44.23 | 180.61 | 6.33 | 21.13 | 0.00 | 0.00 |