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What is revenue from operations? With real Indian companies

Revenue from operations in plain English: the money a company earns from its main business, how it differs from other income, with real company figures.

Reviewed by Cityfort Research on , 1 min read

For learning only. Cityfort is not a SEBI-registered adviser and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

What does revenue from operations mean?

Revenue from operations is the money a company earns from its main business in a period. For a paint maker, it is paint sold. For a software firm, it is fees for its services.

It is the first line of the profit statement, so people also call it the "top line".

How is it different from other income?

Other income is money from outside the main business, such as interest on cash in the bank. Indian accounts show it on its own line, below revenue.[S1] Saksoft's FY26 profit statement is one example of the two separate lines.[S2]

Cityfort stock pages use revenue from operations only, so a year with unusual interest income does not distort the picture.

What does revenue growth show?

Growth compares one period with the same period a year earlier. Comparing like with like removes seasonal swings, such as festival-season sales.

The examples below show yearly growth and quarterly growth, worked out from the figures on each stock page.

Where do you find it in a filing?

It is in the first rows of every quarterly results filing on NSE and BSE. A listed company files these within 45 days of each of the first three quarters.[S3]

See it in real companies

Revenue from operations at companies on Cityfort

13 companies on Cityfort, listed A–Z (not ranked).

Asian Paints
₹35,584 crFY26 · consolidated · source S2
Bharti Airtel
₹210,973 crFY26 · consolidated · source S1
Eternal
₹54,364 crFY26 · consolidated · source S1, S7
Hindustan Unilever
₹64,468 crFY26 · consolidated · source S1
Infosys
₹178,650 crFY26 · consolidated · source S1
ITC
₹89,913 crFY26 · consolidated · source S1
Kalyani Steels
₹1,846 crFY26 · standalone · source S1
L&T
₹285,874 crFY26 · consolidated · source S1
LIC
₹535,984 crFY26 · standalone · source S1
Reliance Industries
₹1,075,675 crFY26 · consolidated · source S1
Saksoft
₹1,007 crFY26 · consolidated · source S1
TCS
₹267,021 crFY26 · consolidated · source S1
Titan
₹87,584 crFY26 · consolidated · source S1

From each company's filings, as cited on its Cityfort stock page. These figures change when a stock page is updated.

See it in real companies

Revenue growth, year on year at companies on Cityfort

13 companies on Cityfort, listed A–Z (not ranked).

Asian Paints
+4.9%FY26 vs FY25 · derived from the two years' revenue · source S2
Bharti Airtel
+22.0%FY26 vs FY25 · derived from the two years' revenue · source S1
Eternal
+168.6%FY26 vs FY25 · derived from the two years' revenue · source S1, S7
Hindustan Unilever
+5.1%FY26 vs FY25 · derived from the two years' revenue · source S1
Infosys
+9.6%FY26 vs FY25 · derived from the two years' revenue · source S1
ITC
+10.2%FY26 vs FY25 · derived from the two years' revenue · source S1
Kalyani Steels
−6.9%FY26 vs FY25 · derived from the two years' revenue · source S1
L&T
+11.8%FY26 vs FY25 · derived from the two years' revenue · source S1
LIC
+9.8%FY26 vs FY25 · derived from the two years' revenue · source S3, S13
Reliance Industries
+9.7%FY26 vs FY25 · derived from the two years' revenue · source S1
Saksoft
+14.1%FY26 vs FY25 · derived from the two years' revenue · source S1
TCS
+4.6%FY26 vs FY25 · derived from the two years' revenue · source S1
Titan
+44.9%FY26 vs FY25 · derived from the two years' revenue · source S1

From each company's filings, as cited on its Cityfort stock page. These figures change when a stock page is updated.

See it in real companies

Quarterly revenue growth, year on year at companies on Cityfort

13 companies on Cityfort, listed A–Z (not ranked).

Asian Paints
+17.9%Q1 FY27 vs Q1 FY26 · derived from the two quarters' revenue · source S11
Bharti Airtel
+18.3%Q1 FY27 vs Q1 FY26 · derived from the two quarters' revenue · source S5, S20
Eternal
+77.6%Q2 FY27 vs Q2 FY26 · derived from the two quarters' revenue · source S5, S22
Hindustan Unilever
+10.1%Q1 FY27 vs Q1 FY26 · derived from the two quarters' revenue · source S6
Infosys
+10.7%Q2 FY27 vs Q2 FY26 · derived from the two quarters' revenue · source S16, S20
ITC
+27.6%Q1 FY27 vs Q1 FY26 · derived from the two quarters' revenue · source S11, S4
Kalyani Steels
+4.9%Q1 FY27 vs Q1 FY26 · derived from the two quarters' revenue · source S6
L&T
+6.7%Q1 FY27 vs Q1 FY26 · derived from the two quarters' revenue · source S5, S16
LIC
+6.8%Q1 FY27 vs Q1 FY26 · derived from the two quarters' revenue · source S14, S10
Reliance Industries
+25.4%Q1 FY27 vs Q1 FY26 · derived from the two quarters' revenue · source S6, S10
Saksoft
−0.2%Q1 FY27 vs Q1 FY26 · derived from the two quarters' revenue · source S6, S10
TCS
+11.2%Q2 FY27 vs Q2 FY26 · derived from the two quarters' revenue · source S6, S10
Titan
+29.3%Q1 FY27 vs Q1 FY26 · derived from the two quarters' revenue · source S18, S7

From each company's filings, as cited on its Cityfort stock page. These figures change when a stock page is updated.

Questions people ask

Is revenue the same as profit?
No. Revenue is the money that came in from sales. Profit is what is left after every cost, interest and tax is paid.
Why does Cityfort leave out other income?
Other income, such as interest on cash, does not come from the main business. Leaving it out keeps revenue comparable from year to year.[S1]
How quickly do listed companies report revenue?
SEBI's listing rules give a listed company 45 days after each of the first three quarters to file its results. Audited annual results are due within 60 days of the year end.[S3]

Sources

  1. S1Ind AS 1, Presentation of Financial Statements (as notified by MCA, amended to 13 Aug 2025) · ICAI, Compendium of Indian Accounting Standards 2025-26Tier 1: company or exchange filing · 13 Aug 2025
  2. S2Saksoft Limited Annual Report FY26, Statement of Profit and Loss · Saksoft Limited (filed with NSE)Tier 1: company or exchange filing · 16 Jul 2026
  3. S3SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 33 (as amended to 15 Oct 2026) · SEBITier 1: company or exchange filing · 15 Oct 2026

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Disclaimer

For learning only. Cityfort is not a SEBI-registered adviser and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

Investing in securities involves risk, including loss of capital. Before making any investment decision, do your own research and consider consulting a SEBI-registered investment adviser.

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Cityfort publishes educational content that explains how listed companies work. Cityfort is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst and does not provide investment advice, recommendations, ratings, price targets or any opinion on whether to buy, sell or hold any security.

All information is taken from publicly available sources, mainly company filings on BSE and NSE, which are listed on each page with dates. We work to keep it accurate and correct errors publicly, but we do not guarantee that it is complete, accurate or up to date. Any market price or price-based ratio shown is dated, may be out of date by the time you read it, and is included only to explain concepts.

Statements by company management are reported as statements, with their date and source; they are not our forecasts.