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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q2 FY19

₹ 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	Q3 FY19	Q2 FY19
Revenue from operations	165	99.1	91.3	105	114	116	116	115	128	137	94.3	63.3	105	73	78.9	94.9	150	128	137	140	193	265	214	294	297	354	305	178	137	139	194	220
Other income	13	10	8.4	2.9	1.8	5.2	4.1	158	24.9	10	12.2	11.7	14.2	20.4	11.4	9.9	92.5	8.5	2.1	3.4	0.9	196	1.6	20.7	5.3	5.4	2.8	3.3	1.7	0.3	0.6	63.8
Total expenses	87.3	102	78	401	363	374	390	383	384	478	430	391	444	464	372	392	454	1,484	453	434	449	1,799	491	518	511	8,457	746	608	577	4,248	636	654
EBITDA	88.7	19.9	20.5	−3.1	35.3	26.9	12.8	22.2	30.2	−49.9	−39.4	−40.2	−42.2	−93.5	−5.4	−14.8	−15.2	−1,053	−1.8	19.9	54.2	−1,221	47.3	105	120	−7,422	37.3	22.5	−3.4	−3,648	19.7	21.4
EBITDA margin	53.7%	20.1%	22.4%	-3.0%	30.8%	23.3%	11.0%	19.3%	23.5%	-36.3%	-41.8%	-63.5%	-40.4%	-128.2%	-6.8%	-15.6%	-10.1%	-820.4%	-1.3%	14.2%	28.1%	-461.6%	22.1%	35.8%	40.5%	-2094.2%	12.2%	12.7%	-2.5%	-2626.7%	10.1%	9.7%
Finance costs	0	0	3.2	289	280	280	279	277	273	277	274	265	276	287	275	270	277	269	279	277	273	266	276	280	284	289	307	306	301	296	288	283
Depreciation	10.8	22.6	4	3.9	3.7	5.2	7.2	13.2	13	13.4	22.4	22.8	21.2	10.7	12.3	12.3	11.8	33.9	36.3	37.6	37.1	47.2	48.4	49.3	50.1	392	171	147	135	165	173	172
Profit before tax	90.9	6.6	21.7	−293	−246	−253	−270	−110	−231	−330	−324	−316	−325	−370	−282	−194	−212	−1,347	−315	−247	−245	−1,305	−275	−204	−209	−8,097	−438	−427	−438	−4,109	−441	−370
Tax	7.2	5.6	−7.9	14.4	6.4	6.4	6.7	5.2	6.6	8.4	2.7	1.5	8	8	5.9	13.2	1.2	−1.5	12.4	1.3	10.8	−21.9	6.1	−9.4	5.5	−291	−21.9	−63	−51.8	20.2	6.7	11.4
Net profit	83.7	1.8	29.6	−307	−253	−260	−277	−115	−238	−340	−327	−318	−333	−381	−287	−208	−213	−1,345	−327	−248	−256	−1,283	−282	−194	−214	−7,806	−416	−364	−386	−4,129	−446	−385
Net margin	50.7%	1.8%	32.4%	-293.4%	-221.0%	-224.6%	-237.8%	-100.1%	-185.1%	-247.4%	-346.6%	-501.6%	-318.7%	-521.7%	-364.1%	-218.7%	-142.0%	-1048.4%	-239.6%	-176.8%	-132.8%	-485.0%	-131.3%	-66.0%	-72.1%	-2202.7%	-136.5%	-204.6%	-282.5%	-2972.8%	-229.7%	-175.3%
EPS (₹)	14.35	0.31	5.06	-52.68	-43.32	-44.53	-47.39	-19.76	-40.72	-58.28	-56.00	-54.44	-57.10	-64.85	-49.25	-35.56	-36.48	-230.53	-56.07	-42.51	-43.94	-219.87	-48.24	-33.22	-36.67	-1,337.56	-71.31	-62.37	-66.21	-707.53	-76.46	-66.02
Net profit YoY	+133.1%	+100.7%	+110.7%	−166.6%	−6.4%	+23.6%	+15.4%	+63.7%	+28.7%	+10.6%	−13.7%	−53.1%	−56.5%	+71.7%	+12.2%	+16.3%	+17.0%	−4.8%	−16.2%	−28.0%	−19.8%	+83.6%	+32.4%	+46.7%	+44.6%	−89.0%	+6.7%	+5.5%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from operations	410	476	400	397	598	1,069	974	848
Other income	23.1	192	48.1	134	15	224	13.1	113
Total expenses	943	1,532	1,743	1,684	2,820	3,319	10,387	6,178
EBITDA	72.6	92.1	−202	−131	−981	−949	−7,365	−3,518
EBITDA margin	17.7%	19.4%	-50.5%	-33.0%	-163.9%	-88.7%	-756.2%	-414.7%
Finance costs	572	1,110	1,092	1,110	1,097	1,106	1,203	1,137
Depreciation	34.2	38.5	49.6	47.1	145	195	845	675
Profit before tax	−511	−864	−1,296	−1,060	−2,153	−1,993	−9,400	−5,217
Tax	18.5	24.8	20.7	28.2	23	−19.7	−428	53.9
Net profit	−529	−889	−1,318	−1,091	−2,177	−1,973	−8,973	−5,273
Net margin	-129.1%	-187.0%	-329.7%	-274.9%	-363.9%	-184.4%	-921.2%	-621.7%
EPS (₹)	-90.63	-152.40	-225.81	-186.50	-373.04	-337.99	-1,537.46	-903.61
Net profit YoY	+40.5%	+32.5%	−20.8%	+49.9%	−10.4%	+78.0%	−70.1%	–

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	28.3	139	−66.9	128	−434
Investing cash flow	−121	31.5	−16.4	1,402	206
Financing cash flow	−47.4	−23.1	−21.6	−1,470	253
Capital expenditure	122	1.2	17.1	0.5	0.9
Free cash flow (CFO − capex)	−93.3	138	−84	127	−435

Net profit trend

annual, ₹ crore

FY21

₹−1,973

FY22

₹−2,177−10%

FY23

₹−1,091+50%

FY24

₹−1,318−21%

FY25

₹−889+33%

FY26

₹−529+41%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	25 Sept 2026	PDF on NSE XBRL
Q1 FY27	Standalone	25 Sept 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	15 Aug 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	15 Aug 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	13 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	13 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	10 Nov 2025	PDF XBRL
Q2 FY26	Consolidated	–	PDF XBRL
Q2 FY26	Standalone	11 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	11 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16

Key ratios

P/E (TTM)-0.4×

P/B-0.00×

ROEFY26, on average equity2.0%

Net margin-129.1%

Debt / equity-0.60×

Revenue CAGR (3Y)1.1%

Profit CAGR (3Y)–

EPS (TTM)₹-32.96

Market cap₹81 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

Balance sheet 31 Mar 2026

Total assets₹1,756 Cr+15%

Net worth₹-28,241 Cr−11%

Total borrowings₹17,084 Cr+9%

Cash & bank balances₹68 Cr−65%

Investments₹22 Cr−1%

Inventories₹132 Cr+14%

Trade receivables₹98 Cr+22%

Trade payables₹260 Cr+49%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	46.00	46.00	46.00	46.00	46.00	46.00	46.00	46.00	46.00	46.00	46.00	46.00
FII	0.00	0.00	0.00	0.00	0.01	0.12	0.13	0.12	0.08	0.43	0.09	0.08
DII	0.06	0.07	0.07	0.07	0.26	0.96	1.72	1.72	1.72	1.72	1.72	1.87
Retail	47.93	47.93	47.28	47.39	46.87	45.95	45.52	45.61	45.78	45.97	46.29	45.95
Other public	6.01	6.00	6.65	6.54	6.86	6.97	6.63	6.55	6.42	5.88	5.90	6.10

93,148 shareholders · NSE shareholding pattern filings.