Board approves September-quarter and half-year results; auditors issue unmodified opinion
Board approved the audited standalone and consolidated results for the quarter and half year ended September 30, 2026, with an unmodified opinion from the auditors.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 247,527 | 226,973 | +9.1% | 244,786 | +1.1% |
| Total income | 255,082 | 236,450 | +7.9% | 254,576 | +0.2% |
| Profit before tax | 42,047 | 42,824 | −1.8% | 43,345 | −3% |
| Profit after tax | 31,997 | 32,624 | −1.9% | 33,563 | −4.7% |
| Total comprehensive income | 38,520 | 42,964 | −10.3% | 38,804 | −0.7% |
- Total Income YoY Change
- +7.9%
- Period
- Three months ended September 30, 2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- Buyback of 600,000,000 equity shares at ₹ 250 per share concluded in six months ended September 30, 2026; total cash outflow ₹ 150,508 million incl. transaction costs (standalone note 7).
What the Board approved
The Board of the Company, at its meeting held over October 14-15, 2026, considered and approved the financial results for the quarter and half year ended September 30, 2026. These are the audited standalone and consolidated financial results under Ind AS, and the audited consolidated financial results under IFRS. The financial results were approved by the Board at its meeting held on October 15, 2026.
Auditor's conclusion
- Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified opinion on the standalone financial results and on the consolidated financial results.
- The auditor states the results give a true and fair view in conformity with Ind AS 34 and are presented in accordance with Regulation 33.
Standalone results (amounts in ₹ millions, except per share data)
- Revenue from operations: 189,416 for the three months ended September 30, 2026, against 177,700 for the three months ended September 30, 2025.
- Total income: 196,121 against 186,623.
- Total expenses: 157,531 against 151,476.
- Profit for the period: 28,627 against 26,142.
- For the six months ended September 30, 2026: Revenue from operations 373,598 against 349,654; Total income 388,977 against 379,000; Profit for the period 57,284 against 63,103.
- Earnings per equity share of par value ₹ 2 each (not annualised): Basic 2.89 and Diluted 2.89 for the three months; Basic 5.63 and Diluted 5.63 for the six months.
Buyback of equity shares (note 7)
- The buyback of 600,000,000 fully paid-up equity shares of ₹ 2 each, at a price of ₹ 250 per equity share, as approved by the Board on April 16, 2026, was concluded during the six months ended September 30, 2026.
- Total cash outflow of ₹ 150,508, including transaction costs related to the buyback of ₹ 508.
- ₹ 8,457 was utilised from securities premium and ₹ 142,051 from retained earnings; a capital redemption reserve of ₹ 1,200 was created, and paid-up equity share capital has reduced by ₹ 1,200.
Balance sheet highlights (₹ millions)
- Total assets: 885,319 as at September 30, 2026, against 973,424 as at March 31, 2026.
- Total equity: 531,664 against 636,797.
- Cash and cash equivalents: 15,325 against 26,778.
Cash flow highlights (six months, ₹ millions)
- Net cash generated from operating activities: 60,687 in the six months ended September 30, 2026, against 43,696 in the six months ended September 30, 2025.
- Net cash used in financing activities: 166,390, which includes payment for buyback of equity shares, including transaction cost, of 150,508.
Other notes in the results
- Gain on sale of property, plant and equipment includes gain on transfer of a building of ₹ 405 for the six months ended September 30, 2025.
- Other expenses include reversal of impairment in the value of investment in a subsidiary of ₹ 1,608, and employee benefits expense includes ₹ 2,562 towards past service cost on gratuity and remeasurement of leave encashment on implementation of the new labour code, both for the year ended March 31, 2026.
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More numbers
- Revenue from operations (standalone, three months ended September 30, 2026)189,416
- Profit for the period (standalone, three months ended September 30, 2026)28,627
- Profit for the period (standalone, six months ended September 30, 2026)57,284
- Basic earnings per equity share (standalone, three months)2.89
- Net cash generated from operating activities (six months ended September 30, 2026)60,687
- Equity shares bought back600,000,000
- Buyback price per equity share₹ 250
- Total cash outflow on buyback including transaction costs₹ 150,508
- Total income, latest quarter255,082 (₹ in millions)
- Total income, year-ago quarter236,450 (₹ in millions)
- Total income, previous quarter254,576 (₹ in millions)
- Total comprehensive income, latest quarter38,520 (₹ in millions)
- Total comprehensive income, year-ago quarter42,964 (₹ in millions)
- Total comprehensive income, previous quarter38,804 (₹ in millions)
- Profit after tax, latest quarter31,997 (₹ in millions)
- Profit after tax, year-ago quarter32,624 (₹ in millions)
- Profit after tax, previous quarter33,563 (₹ in millions)
- Revenue from operations, latest quarter247,527 (₹ in millions)
- Revenue from operations, year-ago quarter226,973 (₹ in millions)
- Revenue from operations, previous quarter244,786 (₹ in millions)
- Profit before tax, latest quarter42,047 (₹ in millions)
- Profit before tax, year-ago quarter42,824 (₹ in millions)
- Profit before tax, previous quarter43,345 (₹ in millions)
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