Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 484 | 480 | 418 | 382 | 323 | 343 | 281 | 275 | 199 | 217 | 214 | 201 | 235 | 272 |
| Other income | 2.8 | 11.9 | 7.4 | 7.9 | 1.7 | 3.2 | 10 | 3.9 | 4.4 | 2.8 | 2.2 | 4.7 | 5.1 | 3.8 |
| Total expenses | 438 | 436 | 380 | 357 | 306 | 313 | 258 | 255 | 206 | 210 | 207 | 197 | 230 | 245 |
| EBITDA | 58 | 56.9 | 48 | 38.6 | 29.9 | 41.4 | 34.6 | 30.1 | 4.4 | 17.2 | 16.5 | 12.6 | 16.2 | 41.1 |
| EBITDA margin | 12.0% | 11.8% | 11.5% | 10.1% | 9.2% | 12.1% | 12.3% | 11.0% | 2.2% | 7.9% | 7.7% | 6.3% | 6.9% | 15.1% |
| Finance costs | 3.5 | 4.2 | 3 | 4.1 | 3.8 | 4.2 | 4.5 | 3.7 | 4.2 | 3.9 | 3.6 | 3.2 | 5.6 | 9.5 |
| Depreciation | 8.6 | 8.3 | 7.9 | 8.9 | 8.5 | 7.7 | 7.4 | 6.9 | 6.6 | 6.1 | 6 | 5.5 | 5.3 | 5.2 |
| Profit before tax | 48.7 | 56.3 | 44.5 | 33.6 | 19.3 | 32.6 | 32.7 | 23.4 | −2 | 9.9 | 9.1 | 8.6 | 10.5 | 30.2 |
| Tax | 13.9 | 15.1 | 11.9 | 8.6 | 5.1 | 8.3 | 8.7 | 6 | 0.3 | 2.9 | 2.5 | 1.3 | 3.4 | 7.5 |
| Net profit | 34.9 | 41.2 | 32.6 | 25 | 14.2 | 24.3 | 24 | 17.5 | −2.3 | 7.1 | 6.6 | 7.3 | 7.1 | 22.7 |
| Net margin | 7.2% | 8.6% | 7.8% | 6.5% | 4.4% | 7.1% | 8.5% | 6.4% | -1.2% | 3.3% | 3.1% | 3.6% | 3.0% | 8.4% |
| EPS (₹) | 5.22 | 6.16 | 4.89 | 3.75 | 2.14 | 3.67 | 3.63 | 2.65 | -0.35 | 1.08 | 1.00 | 1.11 | 1.10 | 3.96 |
| Net profit YoY | +145.3% | +69.5% | +35.9% | +42.9% | +716.1% | +243.8% | +264.7% | +140.1% | −132.6% | −68.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 1,603 | 1,098 | 867 | 945 |
| Other income | 28.9 | 17.1 | 14.9 | 14.4 |
| Total expenses | 1,478 | 1,029 | 844 | 886 |
| EBITDA | 173 | 115 | 62.5 | 113 |
| EBITDA margin | 10.8% | 10.5% | 7.2% | 11.9% |
| Finance costs | 15 | 16.7 | 16.4 | 34.8 |
| Depreciation | 33.6 | 28.6 | 22.9 | 19.7 |
| Profit before tax | 154 | 86.7 | 38.1 | 72.7 |
| Tax | 40.7 | 23.3 | 10.1 | 20.2 |
| Net profit | 113 | 63.4 | 28 | 52.5 |
| Net margin | 7.0% | 5.8% | 3.2% | 5.6% |
| EPS (₹) | 16.95 | 9.62 | 4.29 | 9.27 |
| Net profit YoY | +78.0% | +126.7% | −46.7% | – |
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 | 57.2 | 25.1 | 17.3 | −13.3 |
| Investing cash flow | −63.6 | 53.8 | −146 | −27.1 |
| Financing cash flow | 7.9 | −52.3 | −251 | 454 |
| Capital expenditure | 53.6 | 46.2 | 35.5 | 0 |
| Free cash flow (CFO − capex) | 3.5 | −21.1 | −18.2 | −13.3 |
Net profit trend
annual, ₹ croreFY23
₹52.5
FY24
₹28−47%
FY25
₹63.4+127%
FY26
₹113+78%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 4 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 4 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 6 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 6 May 2026 | 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 | 5 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 5 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 5 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 5 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 84.1×116.4×
P/B5Y avg 7.85×21.54×
ROEFY26, on average equity16.9%
Net margin7.0%
Debt / equity0.25×
Revenue CAGR (3Y)19.3%
Profit CAGR (3Y)29.1%
EPS (TTM)₹20.01
Market cap₹15,546 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
21.54×
vs 6-point avg 7.85× (+174%)
6.03× low7.85× avg21.54× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,264 Cr+22%
Net worth₹722 Cr+18%
Total borrowings₹183 Cr+29%
Cash & bank balances₹71 Cr+3%
Investments₹81 Cr+131%
Inventories₹463 Cr+37%
Trade receivables₹381 Cr+21%
Trade payables₹251 Cr+33%
Change vs the same date a year earlier.