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Financial snapshot

Q1, FY27 | Fiscal 2025-2026

Financial highlights of the Second Quarter ended September 30, 2026

IFRS-INR cr

Particulars Sep 30, 2026 Sep 30, 2026 Growth % YoY Jun 30, 2026 Growth % QoQ
Revenues 49,244 44,490 10.7 48,211 2.1
Gross Profit 15,301 13,690 11.8 15,178 0.8
Operating Profit 10,330 9,353 10.4 10,163 1.6
Operating Margin % 21.0 21.0 0.0 21.1 (0.1)
Net Profit (after non-controlling interests) 7,823 7,364 6.2 7,769 0.7
Basic EPS (₹) 19.32 17.76 8.7 19.19 0.6

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 Sep 30, 2026 Sep 30, 2025 Growth % YoY Jun 30, 2026 Growth % QoQ
Revenues 5,145 5,076 1.3 5,082 1.2
Gross Profit 1,598 1,560 2.4 1,600 (0.1)
Operating Profit 1,079 1,065 1.3 1,072 0.7
Operating Margin % 21.0 21.0 0.0 21.1 (0.1)
Net Profit (after non-controlling interests) 817 839 (2.5) 819 (0.2)
Basic EPS ($) 0.20 0.20 (0.3) 0.20 (0.3)

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.

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