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 | 301.31 | 326.88 | 368.22 | 382.16 | 395.36 | 468.80 | 440.60 | 490.40 | 344.60 | 478.60 | 584.00 | 602.50 |
| YOY Revenue Growth % | 23.21% | 26.43% | 25.73% | 33.03% | 31.21% | 43.42% | 19.66% | 28.32% | -12.84% | 2.09% | 32.55% | 22.86% |
| Other Income | 10.88 | 12.02 | 14.85 | 18.08 | 16.79 | 17.60 | 20.30 | 17.70 | 18.90 | 15.20 | 16.30 | 12.80 |
| Total Income | 312.19 | 338.90 | 383.07 | 400.24 | 412.15 | 486.40 | 460.90 | 508.10 | 363.50 | 493.80 | 600.30 | 615.30 |
| Total Expenses + | 254.20 | 273.64 | 302.57 | 320.26 | 318.97 | 365.30 | 346.90 | 378.30 | 274.50 | 366.30 | 455.10 | 506.80 |
| Cost of Materials Consumed | 188.70 | 218.75 | 206.24 | 219.48 | 184.38 | 225.90 | 221.40 | 293.50 | 163.80 | 259.00 | 341.80 | 376.10 |
| Employee Benefit Expense | 36.08 | 34.96 | 35.29 | 35.39 | 39.14 | 43.00 | 44.00 | 45.00 | 47.90 | 45.00 | 46.40 | 45.10 |
| Other Expenses | 42.54 | 47.24 | 50.27 | 51.25 | 57.77 | 65.90 | 48.10 | 60.20 | 44.80 | 69.80 | 72.20 | 66.60 |
| Operating Profit | 47.11 | 53.24 | 65.65 | 61.90 | 76.39 | 103.50 | 93.70 | 112.10 | 70.10 | 112.30 | 128.90 | 95.70 |
| OPM % | 15.6% | 16.3% | 17.8% | 16.2% | 19.3% | 22.1% | 21.3% | 22.9% | 20.3% | 23.5% | 22.1% | 15.9% |
| Profit Before Tax + | 57.99 | 65.26 | 80.50 | 79.98 | 93.18 | 121.10 | 150.00 | 129.80 | 89.00 | 127.50 | 129.50 | 108.50 |
| Tax Expense | 14.63 | 16.69 | 21.84 | 21.52 | 23.76 | 31.10 | 28.70 | 36.10 | 22.00 | 32.00 | 34.30 | 29.60 |
| Tax % | 25.2% | 25.6% | 27.1% | 26.9% | 25.5% | 25.7% | 19.1% | 27.8% | 24.7% | 25.1% | 26.5% | 27.3% |
| Profit After Tax | 43.36 | 48.57 | 58.66 | 58.46 | 69.42 | 90.00 | 121.30 | 93.70 | 67.00 | 95.50 | 95.20 | 78.90 |
| EPS (Basic) | 1.36 | 1.53 | 1.85 | 1.84 | 2.18 | 2.83 | 3.81 | 2.96 | 2.11 | 3.00 | 3.00 | 2.49 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,009.70 | 1,795.20 | 1,378.57 | 1,083.25 | 811.37 | 696.93 | 809.90 |
| YOY Revenue Growth % | 11.95% | 30.22% | 27.26% | 33.51% | 16.42% | -13.95% | - |
| Other Income | 63.20 | 72.40 | 55.83 | 39.14 | 26.49 | 19.69 | 21.84 |
| Total Income | 2,072.90 | 1,867.60 | 1,434.40 | 1,122.39 | 837.86 | 716.62 | 831.74 |
| Total Expenses + | 1,602.60 | 1,409.50 | 1,150.67 | 927.02 | 687.03 | 578.47 | 648.12 |
| Cost of Materials Consumed | 1,140.70 | 925.20 | 833.17 | 672.52 | 443.97 | 356.59 | 422.14 |
| Employee Benefit Expense | 184.40 | 171.10 | 141.72 | 110.60 | 91.58 | 80.15 | 94.39 |
| Other Expenses | 253.40 | 232.00 | 191.30 | 157.27 | 124.71 | 122.28 | 131.59 |
| Operating Profit | 407.10 | 385.70 | 227.90 | 156.23 | 124.34 | 118.46 | 161.78 |
| OPM % | 20.3% | 21.5% | 16.5% | 14.4% | 15.3% | 17% | 20% |
| Profit Before Exceptional | 470.30 | 458.10 | 283.73 | 195.37 | 150.83 | 138.15 | 142.17 |
| Exceptional Items | -15.70 | 36.00 | 0.00 | 0.00 | 188.90 | -18.52 | 0.00 |
| Profit Before Tax + | 454.60 | 494.10 | 283.73 | 195.37 | 339.73 | 119.63 | 142.17 |
| Tax Expense | 117.90 | 119.70 | 74.68 | 50.50 | 90.23 | 30.90 | 32.11 |
| Tax % | 25.9% | 24.2% | 26.3% | 25.8% | 26.6% | 25.8% | 22.6% |
| Profit After Tax | 336.70 | 374.40 | 209.05 | 144.87 | 249.50 | 88.73 | 110.06 |
| EPS (Basic) | 10.60 | 11.78 | 6.58 | 4.49 | 7.72 | 2.74 | 3.40 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 508.60 | 339.40 | 338.74 | 294.83 | 277.60 | 263.56 | 0.00 |
| Property, Plant & Equipment | 296.60 | 281.80 | 264.11 | 252.58 | 236.40 | 243.74 | 0.00 |
| Capital Work in Progress | 16.10 | 1.40 | 1.33 | 5.43 | 3.25 | 0.00 | 0.00 |
| Non-Current Investments | 68.20 | 41.50 | 36.96 | 17.85 | 17.85 | 9.85 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 5.80 | 2.40 | 3.61 | 3.71 | 3.14 | 3.95 | 0.00 |
| Current Assets + | 1,697.80 | 1,407.40 | 1,053.02 | 854.10 | 942.27 | 627.50 | 0.00 |
| Inventories | 238.00 | 191.90 | 221.67 | 196.78 | 153.30 | 159.19 | 0.00 |
| Trade Receivables | 599.50 | 354.30 | 125.00 | 97.88 | 92.11 | 76.36 | 0.00 |
| Cash and Cash Equivalents | 48.20 | 34.00 | 5.39 | 7.96 | 6.65 | 12.91 | 0.00 |
| Current Investments | 238.70 | 268.90 | 363.32 | 314.46 | 448.07 | 267.93 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 1,230.50 | 1,033.80 | 764.59 | 624.92 | 771.19 | 592.43 | 0.00 |
| Equity Share Capital | 31.80 | 31.80 | 31.79 | 31.79 | 32.33 | 32.33 | 0.00 |
| Other Equity | 1,198.70 | 1,002.00 | 732.80 | 593.13 | 738.86 | 560.10 | 0.00 |
| Non-Current Liabilities | 36.20 | 39.80 | 20.09 | 14.16 | 11.20 | 10.10 | 0.00 |
| Current Liabilities | 939.70 | 673.20 | 607.08 | 509.85 | 437.48 | 288.53 | 0.00 |
| Total Liabilities | 975.90 | 713.00 | 627.17 | 524.01 | 448.68 | 298.63 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 118.10 | 140.70 | 233.81 | 150.51 | 390.75 | 174.65 | 0.00 |
| Cash from Investing Activities | 33.90 | -4.80 | -160.08 | 138.35 | -323.69 | -210.17 | 0.00 |
| Cash from Financing Activities | -137.80 | -107.30 | -76.30 | -287.55 | -73.32 | -1.82 | 0.00 |
| Net Increase/Decrease in Cash | 14.20 | 28.60 | -2.57 | 1.31 | -6.26 | -37.34 | 0.00 |