Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY23
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,713 | 8,708 | 6,495 | 8,725 | 1,894 | 1,063 | 1,280 | 641 | 296 | 252 | 501 | 359 | 251 | 570 | 259 |
| Other income | 0.6 | 0.9 | 1.4 | 3.3 | 1.7 | 1.2 | 0.3 | 0.7 | 0.2 | 0.1 | 5.7 | 6.4 | 3.9 | 3.1 | 7.4 |
| Total expenses | 3,627 | 8,705 | 6,460 | 8,648 | 1,854 | 1,031 | 1,245 | 607 | 267 | 227 | 481 | 341 | 231 | 547 | 248 |
| EBITDA | 99.5 | 15.6 | 43.8 | 98.9 | 51.4 | 47.5 | 51.9 | 46.4 | 43.7 | 36.9 | 33.4 | 32.5 | 33 | 24.9 | 15 |
| EBITDA margin | 2.7% | 0.2% | 0.7% | 1.1% | 2.7% | 4.5% | 4.1% | 7.2% | 14.8% | 14.6% | 6.7% | 9.1% | 13.1% | 4.4% | 5.8% |
| Finance costs | 12.7 | 11.6 | 8.9 | 20.8 | 11.7 | 15.3 | 16.7 | 11.6 | 14.8 | 11.6 | 13.2 | 14 | 12.6 | 2.4 | 4.7 |
| Depreciation | 1 | 0.7 | 0.4 | 0.7 | 0.3 | 0.3 | 0.3 | 0.4 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
| Profit before tax | 86.4 | 4.2 | 35.8 | 80.7 | 41.1 | 33.1 | 35.2 | 35.1 | 28.9 | 25.2 | 25.8 | 24.8 | 24.1 | 25.5 | 17.6 |
| Tax | 20.5 | 7.9 | 1.5 | 6.1 | 8.4 | 3.1 | 8.3 | 7.7 | 4.7 | 4.1 | 2 | 1.4 | 3.3 | 2.9 | 2.4 |
| Net profit | 65.9 | −3.7 | 34.3 | 74.5 | 32.7 | 30 | 26.9 | 27.4 | 24.2 | 21.2 | 23.9 | 23.4 | 20.9 | 22.6 | 15.2 |
| Net margin | 1.8% | -0.0% | 0.5% | 0.9% | 1.7% | 2.8% | 2.1% | 4.3% | 8.2% | 8.4% | 4.8% | 6.5% | 8.3% | 4.0% | 5.9% |
| EPS (₹) | 12.20 | -0.73 | 6.78 | 14.74 | 6.46 | 5.96 | 5.36 | 5.46 | 4.83 | 4.22 | 4.76 | 4.66 | 4.16 | 4.66 | 3.25 |
| Net profit YoY | +101.4% | −112.3% | +27.5% | +172.2% | +35.0% | +41.7% | +12.8% | +17.2% | +16.1% | −6.3% | +57.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 23,874 | 3,281 | 1,378 | 1,151 |
| Other income | 5.6 | 2.5 | 2 | 13.1 |
| Total expenses | 23,758 | 3,151 | 1,280 | 1,088 |
| EBITDA | 158 | 189 | 150 | 73.4 |
| EBITDA margin | 0.7% | 5.8% | 10.9% | 6.4% |
| Finance costs | 41.4 | 58.4 | 51.4 | 9.7 |
| Depreciation | 1.8 | 1.1 | 0.6 | 0.7 |
| Profit before tax | 121 | 132 | 100 | 76 |
| Tax | 15.5 | 23.8 | 10.8 | 5.7 |
| Net profit | 105 | 109 | 89.2 | 70.3 |
| Net margin | 0.4% | 3.3% | 6.5% | 6.1% |
| EPS (₹) | 20.78 | 21.56 | 17.80 | 14.84 |
| Net profit YoY | −3.1% | +21.6% | +27.0% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | 505 | −119 | 44.6 | 253 |
| Investing cash flow | −278 | 210 | −447 | −463 |
| Financing cash flow | −13.1 | −205 | 403 | 418 |
| Capital expenditure | 2.6 | 2.3 | 0.8 | 0.3 |
| Free cash flow (CFO − capex) | 503 | −121 | 43.8 | 253 |
Net profit trend
annual, ₹ croreFY23
₹70.3
FY24
₹89.2+27%
FY25
₹109+22%
FY26
₹105−3%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 15 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 15 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 9 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 9 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF XBRL |
| Q2 FY26 | Consolidated | – | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 12.1×6.0×
P/B5Y avg 1.32×0.81×
ROEFY26, on average equity9.0%
Net margin0.4%
Debt / equity0.59×
Revenue CAGR (3Y)174.8%
Profit CAGR (3Y)14.4%
EPS (TTM)₹33.76
Market cap₹1,018 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.81×
vs 7-point avg 1.32× (−38%)
0.81× low1.32× avg1.98× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,907 Cr−5%
Net worth₹1,250 Cr+16%
Total borrowings₹743 Cr−11%
Cash & bank balances₹333 Cr+203%
Investments₹1 Cr−100%
Inventories₹0 Cr−99%
Trade receivables₹37 Cr−89%
Trade payables₹46 Cr−2%
Change vs the same date a year earlier.
Revenue mix FY26
Principal investment & Treasury99.1%result ₹10.9 Cr
Fee based investment services0.8%result ₹104 Cr
Lending & Credit solution0.1%result ₹12.4 Cr
Others / un allocable0.0%result ₹1.1 Cr
Segment revenue as reported, before inter-segment eliminations.