Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 245 | 261 | 215 | 231 | 247 | 227 | 215 | 240 | 231 | 212 | 175 | 200 | 191 | 173 | 155 | 188 | 186 | 172 | 161 | 162 | 117 | 141 | 150 | 129 | 64.2 | 128 | 127 | 136 | 138 | 0 | 0 |
| Other income | 1.3 | 2.1 | 1.5 | 1.5 | 1.1 | 0.2 | 1.4 | 0.8 | 1.8 | 1.1 | 0.4 | 1.6 | 1 | 0.5 | 0.8 | 1 | 0.7 | 0.7 | 1.5 | 0.7 | 0.6 | 1 | 0.5 | 0.7 | 0.4 | 1.6 | 0 | 0.6 | 0.5 | 0 | 0 |
| Total expenses | 222 | 238 | 196 | 209 | 225 | 208 | 198 | 218 | 208 | 194 | 160 | 177 | 172 | 161 | 145 | 173 | 169 | 158 | 147 | 154 | 110 | 131 | 142 | 118 | 72.8 | 125 | 119 | 127 | 126 | 0 | 0 |
| EBITDA | 32.4 | 31.8 | 27.7 | 31.9 | 31.7 | 29 | 26.2 | 30.8 | 30 | 26.5 | 22.3 | 29.9 | 26.4 | 20.6 | 17 | 23.3 | 24.9 | 22 | 21.7 | 19.5 | 14.8 | 17.4 | 22.6 | 19.5 | −1 | 12 | 16.5 | 17.7 | 19.8 | 0 | 0 |
| EBITDA margin | 13.2% | 12.2% | 12.9% | 13.8% | 12.8% | 12.7% | 12.2% | 12.8% | 13.0% | 12.5% | 12.7% | 15.0% | 13.8% | 11.9% | 11.0% | 12.4% | 13.4% | 12.8% | 13.5% | 12.0% | 12.6% | 12.4% | 15.1% | 15.1% | -1.6% | 9.4% | 12.9% | 13.0% | 14.3% | – | – |
| Finance costs | 3.9 | 3.9 | 4.1 | 4.4 | 4.7 | 4.8 | 5.3 | 4.4 | 3.7 | 4.6 | 3.6 | 4.2 | 4.1 | 4.1 | 4.4 | 4.9 | 4.3 | 4.2 | 4.2 | 7.6 | 4.2 | 4 | 11.8 | 5.4 | 4.2 | 5.9 | 5.1 | 5.4 | 5.2 | 0 | 0 |
| Depreciation | 5.4 | 5.2 | 4.9 | 5.5 | 5 | 5 | 4.7 | 4.6 | 4 | 3.7 | 3.7 | 3.5 | 3.5 | 3.7 | 3.3 | 3.3 | 3.4 | 3.9 | 3.1 | 3.4 | 3.3 | 3.4 | 3.4 | 3.6 | 3.3 | 3.2 | 3.3 | 3.3 | 2.8 | 0 | 0 |
| Profit before tax | 24.4 | 24.6 | 20.1 | 23.5 | 23.1 | 19.2 | 16.8 | 22.5 | 24.2 | 19.3 | 15.4 | 22.4 | 19.8 | 13.2 | 10 | 16.1 | 17.8 | 14.6 | 15.9 | 9.3 | 7.9 | 10.9 | 7.9 | 11.2 | −8.2 | 4.5 | 8.1 | 9.7 | 12.3 | 0 | 0 |
| Tax | 6.4 | 6.9 | 5.1 | 6.1 | 6 | 3.9 | 3.9 | 6.1 | 6.3 | 5.7 | 3.9 | 6.4 | 4.9 | 3.9 | 2.7 | 4.2 | 4.5 | 3.9 | 4.2 | 2.7 | 2.1 | 2.8 | 2.2 | 2.7 | −8.9 | 1.1 | 2.8 | 2.6 | 3.9 | 0 | 0 |
| Net profit | 17.7 | 17.6 | 14.9 | 17.4 | 16.9 | 15.2 | 12.9 | 16.4 | 17.9 | 13.7 | 11.5 | 16.1 | 14.9 | 9.3 | 7.4 | 12 | 13.3 | 10.7 | 11.7 | 6.6 | 5.8 | 8.1 | 5.7 | 8.5 | 0.7 | 3.3 | 5.3 | 7.1 | 8.5 | 0 | 0 |
| Net margin | 7.3% | 6.7% | 6.9% | 7.5% | 6.8% | 6.7% | 6.0% | 6.8% | 7.8% | 6.4% | 6.6% | 8.0% | 7.8% | 5.4% | 4.8% | 6.4% | 7.2% | 6.2% | 7.3% | 4.1% | 4.9% | 5.8% | 3.8% | 6.6% | 1.1% | 2.6% | 4.2% | 5.2% | 6.1% | – | – |
| EPS (₹) | 5.04 | 4.99 | 4.24 | 4.92 | 4.78 | 4.31 | 3.65 | 4.65 | 5.06 | 3.87 | 3.25 | 4.54 | 4.23 | 2.64 | 2.09 | 3.37 | 3.76 | 3.01 | 4.94 | 1.85 | 1.64 | 2.31 | 1.60 | 2.81 | 0.21 | 0.89 | 1.53 | 2.01 | 2.40 | 0.00 | 0.00 |
| Net profit YoY | +5.2% | +15.6% | +15.1% | +5.5% | −5.8% | +11.3% | +12.3% | +2.5% | +19.9% | +46.7% | +55.9% | +34.2% | +12.3% | −12.6% | −36.9% | +81.8% | +129.9% | +30.9% | +106.2% | −22.3% | +701.1% | +144.8% | +6.3% | +20.1% | −91.5% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 954 | 913 | 777 | 702 | 613 | 484 | 529 | 480 | 431 |
| Other income | 6.3 | 4.3 | 4.1 | 2.9 | 2.2 | 2.6 | 2.7 | 1.9 | 2.5 |
| Total expenses | 868 | 832 | 703 | 648 | 568 | 464 | 497 | 443 | 404 |
| EBITDA | 123 | 117 | 105 | 85.7 | 79.4 | 58.5 | 65.9 | 68.9 | 59.7 |
| EBITDA margin | 12.9% | 12.8% | 13.5% | 12.2% | 12.9% | 12.1% | 12.5% | 14.4% | 13.8% |
| Finance costs | 17.1 | 18.2 | 16.5 | 17.8 | 20.2 | 25.4 | 21.5 | 21.9 | 22.4 |
| Depreciation | 20.5 | 18.3 | 14.3 | 13.8 | 13.7 | 13.8 | 12.5 | 10.5 | 10.3 |
| Profit before tax | 91.3 | 82.7 | 76.8 | 57.1 | 47.6 | 21.8 | 34.6 | 38.5 | 28 |
| Tax | 24 | 20.2 | 20.8 | 15.2 | 12.9 | −1.3 | 10.4 | 13.5 | 9.1 |
| Net profit | 66.7 | 62.5 | 56.2 | 42 | 34.7 | 23 | 24.2 | 25 | 18.9 |
| Net margin | 7.0% | 6.8% | 7.2% | 6.0% | 5.7% | 4.8% | 4.6% | 5.2% | 4.4% |
| EPS (₹) | 18.94 | 17.68 | 15.89 | 11.85 | 9.80 | 6.51 | 6.83 | 7.06 | 5.34 |
| Net profit YoY | +6.7% | +11.3% | +33.8% | +20.8% | +50.9% | −4.8% | −3.1% | +31.8% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 104 | 31.8 | 54.4 | 63.2 | 35.3 |
| Investing cash flow | −30.9 | −58.8 | −20.5 | −17.7 | −23.2 |
| Financing cash flow | −30.4 | 9.6 | −5.5 | −38 | −3.6 |
| Capital expenditure | 26.4 | 76.7 | 19.9 | 12.5 | 27.4 |
| Free cash flow (CFO − capex) | 77.2 | −44.9 | 34.6 | 50.7 | 7.9 |
Net profit trend
annual, ₹ croreFY21
₹23
FY22
₹34.7+51%
FY23
₹42+21%
FY24
₹56.2+34%
FY25
₹62.5+11%
FY26
₹66.7+7%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 31 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 22 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 22 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 24 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 24 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 7 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 28 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 28 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 8.3×11.4×
P/B5Y avg 1.49×1.59×
ROEFY26, on average equity14.6%
Net margin7.0%
Debt / equity0.30×
Revenue CAGR (3Y)10.8%
Profit CAGR (3Y)16.7%
EPS (TTM)₹19.14
Market cap₹768 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.59×
vs 8-point avg 1.49× (+6%)
0.89× low1.49× avg2.76× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹756 Cr+6%
Net worth₹484 Cr+13%
Total borrowings₹146 Cr−3%
Cash & bank balances₹74 Cr+135%
Investments₹2 Cr−23%
Inventories₹142 Cr−11%
Trade receivables₹177 Cr+23%
Trade payables₹61 Cr−11%
Change vs the same date a year earlier.