Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q3 FY20
| ₹ 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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 244 | 279 | 195 | 194 | 220 | 240 | 245 | 201 | 240 | 246 | 222 | 249 | 260 | 252 | 237 | 207 | 247 | 191 | 208 | 138 | 174 | 128 | 123 | 92.5 | 94.1 | 100 |
| Other income | 2.2 | 1.3 | 0.6 | 2.4 | 2.8 | 3.3 | 0.1 | 0.5 | 0.8 | 0.3 | 1.1 | 1.3 | 1.2 | 0.7 | 0 | 0.4 | 1.1 | 1.2 | 0.1 | 1.4 | 2.5 | 1.9 | 1.9 | 2.1 | 2.6 | 2.9 |
| Total expenses | 252 | 275 | 197 | 192 | 214 | 231 | 237 | 195 | 226 | 231 | 210 | 233 | 242 | 233 | 230 | 214 | 228 | 177 | 189 | 127 | 154 | 108 | 113 | 91.8 | 89.3 | 94.4 |
| EBITDA | 7.9 | 19.3 | 13.5 | 17.2 | 18.7 | 21.7 | 21 | 18.1 | 24.3 | 24.9 | 20.1 | 24.1 | 26.2 | 29.4 | 16.1 | 2.5 | 28.4 | 21.6 | 26 | 17.4 | 27 | 25.5 | 15.5 | 6.2 | 10.5 | 10.7 |
| EBITDA margin | 3.2% | 6.9% | 6.9% | 8.9% | 8.5% | 9.0% | 8.6% | 9.0% | 10.1% | 10.1% | 9.1% | 9.7% | 10.1% | 11.7% | 6.8% | 1.2% | 11.5% | 11.3% | 12.5% | 12.7% | 15.5% | 19.9% | 12.6% | 6.7% | 11.1% | 10.7% |
| Finance costs | 2.3 | 2 | 1.7 | 1.7 | 1.8 | 1.3 | 2.6 | 3.3 | 2 | 1.5 | 1.4 | 0.7 | 1.5 | 2.4 | 2.1 | 2.2 | 1.8 | 0.8 | 0.7 | 1.1 | 0.9 | 0.6 | 0.7 | 2.1 | 2 | 1.7 |
| Depreciation | 13.6 | 13.8 | 13.9 | 13.1 | 10.6 | 10.8 | 10.4 | 9.1 | 8.3 | 8.3 | 7.5 | 7.2 | 6.7 | 7.6 | 7.4 | 7 | 7.1 | 6.7 | 6.2 | 5.7 | 5.8 | 4.4 | 4.1 | 3.3 | 3.7 | 3.4 |
| Profit before tax | −5.9 | 4.8 | −1.5 | 4.8 | 9.1 | 12.8 | 8.2 | 6.3 | 14.8 | 15.4 | 12.3 | 17.5 | 19.2 | 20.1 | 6.6 | −6.3 | 20.5 | 15.4 | 19.2 | 12.1 | 22.8 | 22.3 | 12.7 | 2.9 | 7.5 | 8.5 |
| Tax | −1.5 | 1.6 | −0.3 | 2.7 | 1 | 3.3 | 2.3 | 1.8 | 3.9 | 8.9 | 3.3 | 4.6 | 5.2 | 5.1 | 1.7 | −1.5 | 4.9 | 4 | 5.1 | 3.3 | 6.2 | 6 | 3.2 | 0.9 | 1.3 | 1.8 |
| Net profit | −4.4 | 3.2 | −1.2 | 2.1 | 8.1 | 9.5 | 6 | 4.5 | 10.9 | 6.5 | 9.1 | 12.9 | 13.9 | 15 | 4.9 | −4.8 | 15.6 | 11.4 | 14.1 | 8.8 | 16.6 | 16.3 | 9.5 | 2 | 6.2 | 6.7 |
| Net margin | -1.8% | 1.2% | -0.6% | 1.1% | 3.7% | 4.0% | 2.4% | 2.2% | 4.5% | 2.7% | 4.1% | 5.2% | 5.3% | 6.0% | 2.1% | -2.3% | 6.3% | 6.0% | 6.8% | 6.4% | 9.5% | 12.8% | 7.7% | 2.2% | 6.6% | 6.7% |
| EPS (₹) | -1.00 | 0.73 | -0.28 | 0.47 | 1.84 | 2.15 | 1.36 | 1.08 | 2.63 | 1.65 | 2.31 | 3.29 | 3.54 | 3.82 | 1.24 | -1.22 | 3.97 | 2.89 | 10.71 | 6.67 | 12.69 | 12.46 | 7.25 | 1.53 | 4.72 | 5.08 |
| Net profit YoY | −154.2% | −65.9% | −120.7% | −53.6% | −25.4% | +45.6% | −34.2% | −65.4% | −21.9% | −56.6% | +86.6% | +368.9% | – | −3.7% | −57.2% | −134.2% | −6.2% | −30.5% | +47.9% | +337.4% | +168.8% | +145.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 887 | 926 | 977 | 915 | 784 | 518 | 408 |
| Other income | 7 | 4.8 | 3.9 | 2 | 3.8 | 8.4 | 10.1 |
| Total expenses | 877 | 888 | 917 | 884 | 721 | 466 | 380 |
| EBITDA | 68.7 | 85.2 | 95.3 | 68 | 93.4 | 74.2 | 46.4 |
| EBITDA margin | 7.7% | 9.2% | 9.8% | 7.4% | 11.9% | 14.3% | 11.4% |
| Finance costs | 7.1 | 9.2 | 5.1 | 8.9 | 4.3 | 4.4 | 6.1 |
| Depreciation | 51.4 | 38.6 | 29.7 | 28.4 | 25.7 | 17.6 | 12.7 |
| Profit before tax | 17.1 | 42.2 | 64.4 | 32.7 | 67.2 | 60.7 | 37.7 |
| Tax | 4.9 | 11.3 | 22 | 8.8 | 17.4 | 16.2 | 9.2 |
| Net profit | 12.2 | 30.8 | 42.4 | 23.9 | 49.8 | 44.5 | 28.5 |
| Net margin | 1.4% | 3.3% | 4.3% | 2.6% | 6.3% | 8.6% | 7.0% |
| EPS (₹) | 2.77 | 7.00 | 10.78 | 6.08 | 12.65 | 33.93 | 21.76 |
| Net profit YoY | −60.5% | −27.4% | +77.5% | −51.9% | +11.9% | +55.9% | – |
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 | 38 | 70.1 | 123 | 68.7 | 36.3 |
| Investing cash flow | −134 | −141 | −214 | −68 | −36.7 |
| Financing cash flow | 48.9 | 180 | 76.4 | −7.8 | −30 |
| Capital expenditure | 140 | 128 | 98.5 | 71.3 | 41.7 |
| Free cash flow (CFO − capex) | −102 | −57.7 | 24.5 | −2.6 | −5.3 |
Net profit trend
annual, ₹ croreFY21
₹44.5
FY22
₹49.8+12%
FY23
₹23.9−52%
FY24
₹42.4+77%
FY25
₹30.8−27%
FY26
₹12.2−60%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 30 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 30 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 7 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 7 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 29 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 3 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 29 Oct 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-6914.8×
P/B2.67×
ROEFY26, on average equity1.5%
Net margin1.4%
Debt / equity0.11×
Revenue CAGR (3Y)-1.0%
Profit CAGR (3Y)-20.1%
EPS (TTM)₹-0.07
Market cap₹2,253 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₹1,132 Cr+8%
Net worth₹845 Cr+5%
Total borrowings₹92 Cr+52%
Cash & bank balances₹80 Cr−35%
Investments₹223 Cr+8%
Inventories₹172 Cr+9%
Trade receivables₹70 Cr+49%
Trade payables₹128 Cr+2%
Change vs the same date a year earlier.