Schedule of Investor/ analyst Conference
Transcript of the Earnings Conference Call held on May 19, 2026
Investors' Brief for Q4 and FY26.
| 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 | 376.42 | 387.77 | 431.70 | 458.05 | 463.28 | 501.10 | 503.40 | 538.00 | 371.30 | 506.20 | 624.00 | 679.60 |
| YOY Revenue Growth % | 45.31% | 32.36% | 32.51% | 23.88% | 23.08% | 29.23% | 16.61% | 17.45% | -19.85% | 1.02% | 23.96% | 26.32% |
| Other Income | 13.35 | 14.55 | 17.22 | 17.11 | 19.39 | 19.60 | 22.10 | 19.90 | 22.20 | 18.40 | 19.50 | 16.40 |
| Total Income | 389.77 | 402.32 | 448.92 | 475.16 | 482.67 | 520.70 | 525.50 | 557.90 | 393.50 | 524.60 | 643.50 | 696.00 |
| Total Expenses + | 311.13 | 319.12 | 354.06 | 374.25 | 374.85 | 396.60 | 401.00 | 425.80 | 306.20 | 400.00 | 500.00 | 561.30 |
| Cost of Materials Consumed | 199.82 | 229.52 | 209.38 | 219.47 | 188.09 | 230.30 | 225.70 | 295.30 | 166.40 | 270.30 | 345.10 | 387.80 |
| Employee Benefit Expense | 40.56 | 39.76 | 40.11 | 40.86 | 47.85 | 51.70 | 52.00 | 51.70 | 54.80 | 53.10 | 54.40 | 53.80 |
| Other Expenses | 82.27 | 76.31 | 95.45 | 100.64 | 96.75 | 83.80 | 87.90 | 97.20 | 65.30 | 88.80 | 103.60 | 97.70 |
| Operating Profit | 65.29 | 68.65 | 77.64 | 83.80 | 88.43 | 104.50 | 102.40 | 112.20 | 65.10 | 106.20 | 124.00 | 118.30 |
| OPM % | 17.3% | 17.7% | 18% | 18.3% | 19.1% | 20.9% | 20.3% | 20.9% | 17.5% | 21% | 19.9% | 17.4% |
| Profit Before Tax + | 78.64 | 83.20 | 94.86 | 100.91 | 107.82 | 124.10 | 124.50 | 132.10 | 87.30 | 124.60 | 127.80 | 134.70 |
| Tax Expense | 17.68 | 19.17 | 26.56 | 24.71 | 27.41 | 33.10 | 31.90 | 37.50 | 22.90 | 33.20 | 36.10 | 32.80 |
| Tax % | 22.5% | 23% | 28% | 24.5% | 25.4% | 26.7% | 25.6% | 28.4% | 26.2% | 26.6% | 28.2% | 24.4% |
| Profit After Tax | 60.96 | 64.03 | 68.30 | 76.20 | 80.41 | 91.00 | 92.60 | 94.60 | 64.40 | 91.40 | 91.70 | 101.90 |
| EPS (Basic) | 1.91 | 2.02 | 2.15 | 2.39 | 2.52 | 2.85 | 2.92 | 2.99 | 2.03 | 2.87 | 2.89 | 3.21 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,181.10 | 2,005.80 | 1,653.94 | 1,247.55 | 852.24 | 702.58 | 817.87 |
| YOY Revenue Growth % | 8.74% | 21.27% | 32.58% | 46.38% | 21.3% | -14.1% | - |
| Other Income | 76.50 | 81.00 | 62.23 | 42.62 | 29.49 | 19.10 | 14.58 |
| Total Income | 2,257.60 | 2,086.80 | 1,716.17 | 1,290.17 | 881.73 | 721.68 | 832.45 |
| Total Expenses + | 1,767.50 | 1,598.30 | 1,358.56 | 1,034.67 | 710.89 | 576.32 | 644.30 |
| Cost of Materials Consumed | 1,166.90 | 939.40 | 858.19 | 675.12 | 432.99 | 358.24 | 423.23 |
| Employee Benefit Expense | 216.10 | 203.30 | 161.29 | 128.54 | 102.93 | 86.95 | 101.55 |
| Other Expenses | 355.40 | 365.60 | 354.67 | 238.10 | 116.39 | 111.79 | 119.52 |
| Operating Profit | 413.60 | 407.50 | 295.38 | 212.88 | 141.35 | 126.26 | 173.57 |
| OPM % | 19% | 20.3% | 17.9% | 17.1% | 16.6% | 18% | 21.2% |
| Profit Before Exceptional | 490.10 | 488.50 | 357.61 | 255.50 | 170.84 | 145.36 | 146.85 |
| Exceptional Items | -15.70 | 0.00 | 0.00 | 0.00 | 198.19 | -18.52 | 0.00 |
| Profit Before Tax + | 474.40 | 488.50 | 357.61 | 255.50 | 369.03 | 126.84 | 146.85 |
| Tax Expense | 125.00 | 129.90 | 88.12 | 62.63 | 98.83 | 24.38 | 25.07 |
| Tax % | 26.3% | 26.6% | 24.6% | 24.5% | 26.8% | 19.2% | 17.1% |
| Profit After Tax | 349.40 | 358.60 | 269.49 | 192.87 | 270.20 | 102.46 | 121.78 |
| EPS (Basic) | 11.00 | 11.28 | 8.47 | 5.97 | 8.36 | 3.17 | 3.77 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 506.70 | 360.80 | 322.05 | 293.12 | 269.27 | 282.13 | 0.00 |
| Property, Plant & Equipment | 353.00 | 316.50 | 274.83 | 260.56 | 237.83 | 243.97 | 0.00 |
| Capital Work in Progress | 17.00 | 19.30 | 1.36 | 5.43 | 3.25 | 0.00 | 0.00 |
| Non-Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 4.20 | 3.60 | 3.37 | 3.49 | 3.65 | 0.00 | 0.00 |
| Other Intangible Assets | 5.80 | 3.00 | 4.53 | 5.20 | 5.31 | 3.95 | 0.00 |
| Current Assets + | 1,990.10 | 1,658.20 | 1,331.62 | 1,046.76 | 1,065.55 | 659.72 | 0.00 |
| Inventories | 244.30 | 194.80 | 226.28 | 200.03 | 161.69 | 159.62 | 0.00 |
| Trade Receivables | 639.10 | 363.20 | 178.09 | 129.28 | 101.48 | 77.13 | 0.00 |
| Cash and Cash Equivalents | 100.70 | 98.20 | 29.12 | 29.71 | 32.54 | 37.05 | 0.00 |
| Current Investments | 302.70 | 345.20 | 455.64 | 379.31 | 477.54 | 267.93 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 1,446.00 | 1,219.50 | 961.32 | 761.34 | 857.38 | 637.58 | 0.00 |
| Equity Share Capital | 31.80 | 31.80 | 31.79 | 31.79 | 32.33 | 32.33 | 0.00 |
| Other Equity | 1,414.20 | 1,184.60 | 928.01 | 728.56 | 824.24 | 605.25 | 0.00 |
| Non-Current Liabilities | 45.00 | 53.00 | 23.71 | 16.41 | 12.25 | 11.51 | 0.00 |
| Current Liabilities | 1,005.80 | 746.50 | 668.64 | 562.13 | 465.19 | 292.76 | 0.00 |
| Total Liabilities | 1,050.80 | 799.50 | 692.35 | 578.54 | 477.44 | 304.27 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 111.00 | 186.80 | 271.02 | 195.69 | 433.44 | 187.28 | 0.00 |
| Cash from Investing Activities | 21.90 | -11.30 | -197.26 | 86.16 | -386.20 | -214.43 | 0.00 |
| Cash from Financing Activities | -141.30 | -110.80 | -76.37 | -287.69 | -74.61 | -1.85 | 0.00 |
| Net Increase/Decrease in Cash | 2.50 | 69.10 | -0.59 | -2.83 | -26.76 | -28.76 | 0.00 |