Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q1 FY24
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 142 | 155 | 110 | 77.9 | 99.5 | 89.5 | 66.3 | 54.9 | 63.4 | 91.8 | 97.9 | 65.2 | 13.2 |
| Other income | 1.2 | 7.7 | 0.6 | 0.6 | 1.1 | −0.3 | 2 | 1.3 | 4.6 | 7.5 | 0.4 | 0.3 | 0.4 |
| Total expenses | 191 | 203 | 155 | 120 | 130 | 133 | 112 | 101 | 104 | 129 | 129 | 89.2 | 51.2 |
| EBITDA | 3.7 | 8.8 | 5.1 | −4.5 | 6.6 | −5.3 | −8.3 | −10.3 | −5.4 | −4.6 | 4.6 | 7.8 | −11 |
| EBITDA margin | 2.6% | 5.7% | 4.6% | -5.8% | 6.7% | -5.9% | -12.5% | -18.7% | -8.5% | -5.0% | 4.7% | 11.9% | -83.1% |
| Finance costs | 31.9 | 30.2 | 26.3 | 20.9 | 20.5 | 19.7 | 19 | 18.1 | 18 | 17.6 | 20 | 18.8 | 14.1 |
| Depreciation | 20.8 | 27.1 | 23.5 | 17.1 | 16.8 | 18.3 | 18.4 | 17.7 | 17.2 | 14.9 | 15.6 | 13 | 12.9 |
| Profit before tax | −47.8 | −40.8 | −44.1 | −41.9 | −29.6 | −49.9 | −43.7 | −44.8 | −36.1 | −29.7 | −30.6 | −9 | −37.6 |
| Tax | −11.8 | −89.3 | 0 | 0 | 0 | 0 | 0 | −9.9 | −12.5 | −10.9 | −9.4 | −8.1 | −13 |
| Net profit | −35.9 | 48.5 | −44.1 | −41.9 | −29.6 | −49.9 | −43.7 | −34.9 | −23.6 | −18.8 | −21.2 | −1 | −24.7 |
| Net margin | -25.3% | 31.3% | -40.0% | -53.8% | -29.8% | -55.8% | -65.9% | -63.6% | -37.2% | -20.4% | -21.6% | -1.5% | -186.8% |
| EPS (₹) | -3.90 | 5.26 | -4.79 | -4.55 | -3.22 | -5.41 | -4.74 | -3.78 | -2.56 | -2.04 | -2.30 | -0.11 | -2.68 |
| Net profit YoY | −21.3% | +197.2% | −0.9% | −20.2% | −25.6% | −165.8% | −106.4% | −3459.2% | +4.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 442 | 274 | 268 |
| Other income | 9.9 | 7.5 | 8.5 |
| Total expenses | 609 | 450 | 398 |
| EBITDA | 16.1 | −29.3 | −3.2 |
| EBITDA margin | 3.6% | -10.7% | -1.2% |
| Finance costs | 98 | 74.9 | 70.5 |
| Depreciation | 84.5 | 71.6 | 56.4 |
| Profit before tax | −156 | −175 | −107 |
| Tax | −89.3 | −22.4 | −41.3 |
| Net profit | −67.2 | −152 | −65.6 |
| Net margin | -15.2% | -55.5% | -24.5% |
| EPS (₹) | -7.29 | -16.50 | -7.12 |
| Net profit YoY | +55.8% | −131.8% | – |
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 |
|---|---|---|---|
| Operating cash flow | −25.2 | 59.6 | −26.7 |
| Investing cash flow | −248 | −80.6 | −96 |
| Financing cash flow | 274 | 10.5 | 89.7 |
| Capital expenditure | 226 | 84.6 | 114 |
| Free cash flow (CFO − capex) | −251 | −25 | −141 |
Net profit trend
annual, ₹ croreFY24
₹−65.6
FY25
₹−152−132%
FY26
₹−67.2+56%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 27 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 13 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 21 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 23 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 21 Jul 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 12 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 24 Jan 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 23 Oct 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 18 Jul 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-5.3×
P/B5Y avg 4.39×4.87×
ROEFY26, on average equity-59.6%
Net margin-15.2%
Debt / equity13.81×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹-7.97
Market cap₹393 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.87×
vs 6-point avg 4.39× (+11%)
2.41× low4.39× avg10.17× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,420 Cr+24%
Net worth₹81 Cr−44%
Total borrowings₹1,115 Cr+47%
Cash & bank balances₹0 Cr+11%
Investments₹0 Cr
Inventories₹81 Cr+29%
Trade receivables₹46 Cr+53%
Trade payables₹117 Cr−21%
Change vs the same date a year earlier.