Financial snapshot
Q4, FY26 | Fiscal 2025-2026
Financial highlights of the Fourth Quarter ended March 31, 2026
IFRS-INR cr
| Particulars | Mar 31, 2026 | Mar 31, 2025 | Growth % YoY | Dec 31, 2025 | Growth % QoQ |
|---|---|---|---|---|---|
| Revenues | 46,402 | 40,925 | 13.4 | 45,479 | 2.0 |
| Gross Profit | 14,344 | 12,350 | 16.1 | 12,827 | 11.8 |
| Operating Profit | 9,743 | 8,575 | 13.6 | 8,355 | 16.6 |
| Operating Margin % | 21.0 | 21.0 | - | 18.4 | 2.6 |
| Net Profit (after non-controlling interests) | 8,501 | 7,033 | 20.9 | 6,654 | 27.8 |
| Basic EPS (₹) | 21.01 | 16.98 | 23.8 | 16.17 | 29.9 |
Operating Profit includes the effect of the provisions of The Labour Codes notified by The Government of India on November 21, 2025 which resulted in an increase in gratuity liability (arising out of past service cost relating to plan amendment) and leave liability by ₹1,289 crore, which is recognized in the Consolidated Statement of Comprehensive Income. This also resulted in a lower tax of ₹318 crore in Q3’26.
Net Profit (after non-controlling interests) includes interest income (pre-tax) of ₹381 crore and ₹327 crore for Q4’26 and Q4’25 respectively, and reversal of tax provisions amounting to ₹774 crore and ₹101 crore for Q4’26 and Q4’25 respectively. This is on account of orders received under sections 250 and 254 of the Income Tax Act, 1961 for certain assessment years.
IFRS $ m
| Particulars | Mar 31, 2026 | Mar 31, 2025 | Growth % YoY | Dec 31, 2025 | Growth % QoQ |
|---|---|---|---|---|---|
| Revenues | 5,040 | 4,730 | 6.6 | 5,099 | (1.2) |
| Gross Profit | 1,555 | 1,428 | 8.9 | 1,439 | 8.1 |
| Operating Profit | 1,055 | 992 | 6.4 | 937 | 12.6 |
| Operating Margin % | 20.9 | 21.0 | (0.1) | 18.4 | 2.5 |
| Net Profit (after non-controlling interests) | 919 | 813 | 13.0 | 747 | 23.2 |
| Basic EPS ($) | 0.23 | 0.20 | 15.7 | 0.18 | 25.3 |
Operating Profit includes the effect of the provisions of The Labour Codes notified by The Government of India on November 21, 2025 which resulted in an increase in gratuity liability (arising out of past service cost relating to plan amendment) and leave liability by $143Mn, which is recognized in the Consolidated Statement of Comprehensive Income. This also resulted in a lower tax of $35Mn in Q3’26.
Net Profit (after non-controlling interests) includes interest income (pre-tax) of $41Mn and $38Mn for Q4’26 and Q4’25 respectively, and reversal of tax provisions amounting to $83Mn and $12Mn for Q4’26 and Q4’25 respectively. This is on account of orders received under sections 250 and 254 of the Income Tax Act, 1961 for certain assessment years.
