Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 | Q1 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 358 | 346 | 371 | 358 | 337 | 327 | 306 | 278 | 262 | 247 | 231 | 211 | 199 | 191 | 168 | 155 | 146 | 137 | 130 | 122 | 116 | 110 | 102 | 88.4 | 76 | 103 | 111 | 123 | 117 | 153 | 115 | 134 | 120 | 124 |
| Other income | 6.7 | 14.2 | 2 | 9.8 | 3.4 | 4.2 | 4.4 | 4.7 | 6.8 | 1.4 | 2.5 | 2.3 | 2.9 | 3 | 0.3 | 0.2 | 0.9 | 3.1 | 0.6 | 0.6 | 0.9 | 1 | 0.7 | −0.2 | 1.5 | 4.1 | 1.9 | 2.5 | 1.3 | 2.3 | −1.7 | 3.7 | 3 | 2.9 |
| Total expenses | 312 | 294 | 308 | 298 | 280 | 272 | 251 | 230 | 214 | 203 | 188 | 173 | 163 | 158 | 138 | 126 | 118 | 113 | 105 | 101 | 97.3 | 203 | 92.9 | 79.8 | 74.3 | 104 | 108 | 112 | 108 | 136 | 96.1 | 116 | 106 | 114 |
| EBITDA | 61.5 | 66.8 | 75.4 | 72 | 68.2 | 65.9 | 63.8 | 56.5 | 55.5 | 52.6 | 51.2 | 46.1 | 43.5 | 40.4 | 37.2 | 34.8 | 32.6 | 30.5 | 29.9 | 26.8 | 24.5 | 23.8 | 22.4 | 20.4 | 16.4 | 17.7 | 16.8 | 25.9 | 24.1 | 29 | 28.7 | 29 | 24.1 | 24.4 |
| EBITDA margin | 17.2% | 19.3% | 20.3% | 20.1% | 20.2% | 20.2% | 20.8% | 20.3% | 21.2% | 21.3% | 22.2% | 21.8% | 21.9% | 21.2% | 22.1% | 22.5% | 22.4% | 22.2% | 23.1% | 21.9% | 21.1% | 21.6% | 21.9% | 23.0% | 21.6% | 17.1% | 15.2% | 21.0% | 20.6% | 18.9% | 25.0% | 21.7% | 20.1% | 19.6% |
| Finance costs | 4.4 | 5.1 | 2 | 1.3 | 1.7 | 1.6 | 1.5 | 1.2 | 2.3 | 3.5 | 3.2 | 3 | 3.3 | 3.8 | 2.9 | 2.4 | 1.6 | 2.1 | 1.6 | 2.4 | 2.1 | 3.8 | 4 | 3.8 | 4.3 | 4.7 | 3.8 | 4.8 | 5 | 3.8 | 2.6 | 2.9 | 2.6 | 5 |
| Depreciation | 11.4 | 10.3 | 10.7 | 10.9 | 10 | 9.6 | 7.5 | 7.4 | 5.6 | 5.6 | 5.3 | 4.8 | 5 | 4.3 | 4.3 | 3.7 | 3.6 | 3.4 | 3.3 | 3.4 | 3.8 | 113 | 9.3 | 8 | 10.4 | 13.5 | 9.7 | 9.5 | 9.5 | 8.2 | 7.4 | 7.7 | 7.7 | 8.5 |
| Profit before tax | 52.3 | 67.6 | 56.5 | 69.5 | 59.8 | 59 | 59.2 | 52.6 | 54.4 | 44.9 | 45.2 | 40.5 | 38.1 | 35.2 | 30.3 | 29 | 28.3 | 28.1 | 25.6 | 21.6 | 19.4 | −138 | 9.8 | 8.4 | 3.2 | 3.6 | 5.3 | 14 | 10.9 | 19.3 | 17 | 22.1 | 16.8 | 13.8 |
| Tax | 7.3 | 5.4 | 12.6 | 13.6 | 9.2 | 8.5 | 11.4 | 7.1 | 9.8 | 5.4 | 7.3 | 6.5 | 6.5 | 8.6 | 4.1 | 3.6 | 4.1 | 6.5 | 5.9 | 2.7 | 4 | 0.2 | 1.3 | 1.6 | −0.2 | 0.6 | −0.6 | 1.8 | 0.8 | 6.2 | 1.8 | 2.8 | 4.2 | 2.4 |
| Net profit | 45 | 61.4 | 43.9 | 55.9 | 50.6 | 50.5 | 47.8 | 45.5 | 44.6 | 39.5 | 37.9 | 34 | 31.6 | 26.6 | 26.2 | 24.9 | 24.2 | 21.6 | 19.7 | 18.9 | 15.4 | −211 | 8.5 | 6.7 | 3.4 | 3 | 6 | 12.4 | 10.3 | 13.3 | 15.5 | 19.2 | 12.7 | 78.1 |
| Net margin | 12.6% | 17.8% | 11.8% | 15.6% | 15.0% | 15.4% | 15.6% | 16.4% | 17.0% | 16.0% | 16.4% | 16.1% | 15.9% | 14.0% | 15.5% | 16.1% | 16.6% | 15.7% | 15.2% | 15.5% | 13.3% | -191.2% | 8.3% | 7.6% | 4.5% | 2.9% | 5.4% | 10.0% | 8.8% | 8.7% | 13.5% | 14.4% | 10.5% | 62.8% |
| EPS (₹) | 8.52 | 11.60 | 7.83 | 10.52 | 9.55 | 9.37 | 8.81 | 8.40 | 8.15 | 16.13 | 15.94 | 14.40 | 13.95 | 11.00 | 10.97 | 10.39 | 10.32 | 8.32 | 7.85 | 8.59 | 6.23 | -52.75 | 3.78 | 3.14 | 1.83 | 2.74 | 2.45 | 4.48 | 3.94 | 4.67 | 5.99 | 7.86 | 5.61 | 3.91 |
| Net profit YoY | −11.1% | +21.5% | −8.1% | +22.7% | +13.5% | +28.0% | +26.2% | +33.9% | +41.2% | +48.3% | +44.6% | +36.5% | +30.7% | +23.3% | +33.0% | +31.9% | +56.7% | +110.2% | +131.9% | +181.2% | +354.3% | −7147.8% | +41.0% | −45.8% | −67.0% | −77.6% | −61.1% | −35.6% | −18.8% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,411 | 1,173 | 887 | 659 | 505 | 374 | 455 | 522 | 149 |
| Other income | 29.3 | 20.2 | 9.1 | 4.3 | 5.3 | 3 | 9.8 | 7.3 | 5.9 |
| Total expenses | 1,178 | 968 | 728 | 541 | 416 | 445 | 431 | 454 | 153 |
| EBITDA | 282 | 242 | 193 | 145 | 112 | 83.8 | 84.5 | 111 | 13.2 |
| EBITDA margin | 20.0% | 20.6% | 21.8% | 22.0% | 22.1% | 22.4% | 18.6% | 21.2% | 8.9% |
| Finance costs | 10.2 | 6.6 | 13.1 | 10.8 | 8.3 | 15.8 | 18.3 | 11.9 | 5.3 |
| Depreciation | 39.3 | 30 | 20.6 | 15.9 | 14 | 139 | 42.2 | 31 | 12.3 |
| Profit before tax | 256 | 225 | 169 | 122 | 94.7 | −115 | 33.9 | 75.2 | 1.5 |
| Tax | 40.7 | 36.8 | 25.8 | 20.4 | 19.1 | 2.9 | 2.6 | 14.9 | 0.9 |
| Net profit | 212 | 188 | 143 | 102 | 75.6 | −192 | 31.7 | 60.7 | 3.1 |
| Net margin | 15.0% | 16.1% | 16.1% | 15.5% | 15.0% | -51.3% | 7.0% | 11.6% | 2.1% |
| EPS (₹) | 39.58 | 34.72 | 60.48 | 42.69 | 31.00 | -43.69 | 13.65 | 24.10 | -4.40 |
| Net profit YoY | +12.4% | +31.8% | +40.3% | +34.8% | +139.4% | −705.9% | −47.8% | – | – |
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 | 55.9 | 157 | 164 | 40.9 | 62 |
| Investing cash flow | −154 | −421 | −203 | −55.7 | 28 |
| Financing cash flow | −39.1 | 283 | 265 | −1.6 | −71.8 |
| Capital expenditure | 170 | 95.2 | 32.3 | 45.9 | 13 |
| Free cash flow (CFO − capex) | −114 | 61.9 | 131 | −5 | 49 |
Net profit trend
annual, ₹ croreFY21
₹−192
FY22
₹75.6+139%
FY23
₹102+35%
FY24
₹143+40%
FY25
₹188+32%
FY26
₹212+12%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 27 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 27 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 11 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 11 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 4 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 4 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 3 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 3 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 28.4×17.5×
P/B5Y avg 4.33×2.07×
ROEFY26, on average equity13.1%
Net margin15.0%
Debt / equity0.03×
Revenue CAGR (3Y)28.9%
Profit CAGR (3Y)27.6%
EPS (TTM)₹38.32
Market cap₹3,603 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.07×
vs 8-point avg 4.33× (−52%)
1.66× low4.33× avg6.44× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,335 Cr+20%
Net worth₹1,738 Cr+16%
Total borrowings₹51 Cr+194%
Cash & bank balances₹132 Cr−51%
Investments₹0 Cr
Inventories₹33 Cr−1%
Trade receivables₹377 Cr+23%
Trade payables₹123 Cr−26%
Change vs the same date a year earlier.
Revenue mix FY26
Sale of Software Services66.1%result ₹770 Cr
Sale of equipment and product license33.9%result ₹210 Cr
Segment revenue as reported, before inter-segment eliminations.