Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 79.6 | 90.4 | 88.3 | 97.6 | 71.7 | 72.3 | 66.9 | 70.6 | 69.3 | 58.1 | 65.5 | 68.9 | 58.1 | 41.7 | 45.4 | 44.3 | 31.9 | 26.5 | 26.7 |
| Other income | 1.1 | 0.5 | 0.5 | 0.3 | 0.6 | 0.4 | 0.1 | 0.2 | 0.2 | 0.2 | 0.4 | 0.2 | 0.5 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 |
| Total expenses | 83.8 | 90.5 | 87.4 | 95.3 | 75.3 | 71.3 | 65.2 | 68 | 67.1 | 56.6 | 61.3 | 63.5 | 54 | 38.5 | 41.4 | 40.7 | 29.7 | 25.1 | 24.8 |
| EBITDA | 4.3 | 8.2 | 6.5 | 11 | 3 | 7.5 | 7.1 | 7.9 | 7.4 | 5.2 | 7.6 | 8.4 | 6.5 | 5.2 | 6.4 | 5.6 | 3.9 | 3.2 | 3.7 |
| EBITDA margin | 5.4% | 9.1% | 7.4% | 11.3% | 4.2% | 10.4% | 10.5% | 11.2% | 10.6% | 8.9% | 11.6% | 12.2% | 11.2% | 12.5% | 14.2% | 12.7% | 12.4% | 12.2% | 13.7% |
| Finance costs | 4.5 | 4.5 | 4.2 | 4.1 | 3.3 | 3.3 | 2.5 | 2.5 | 2.4 | 1.7 | 1.7 | 1.5 | 1.4 | 1.1 | 1.4 | 1.3 | 1.1 | 1.1 | 1.2 |
| Depreciation | 4 | 3.7 | 1.3 | 4.6 | 3.3 | 3.2 | 2.9 | 2.9 | 2.7 | 2 | 1.6 | 1.4 | 1.1 | 1 | 1 | 0.8 | 0.7 | 0.8 | 0.6 |
| Profit before tax | −3.1 | 0.4 | 0.6 | 2.6 | −3.1 | 1.4 | 1.8 | 2.7 | 2.4 | 1.7 | 4.7 | 5.7 | 4.5 | 3.4 | 4.1 | 3.6 | 2.4 | 1.6 | 1.9 |
| Tax | −0.3 | −0.5 | −0 | 0.3 | −0.3 | −0.1 | 0 | 0.9 | 0.7 | 0.6 | 1.6 | 2 | 1.4 | 1.3 | 1.2 | 0.6 | 0.3 | 0.7 | 0.5 |
| Net profit | −2.8 | 0.9 | 0.6 | 2.3 | −2.7 | 1.6 | 1.8 | 1.8 | 1.7 | 1.2 | 3.1 | 3.6 | 3.1 | 2 | 2.8 | 3 | 2 | 0.8 | 1.4 |
| Net margin | -3.6% | 1.0% | 0.7% | 2.4% | -3.8% | 2.2% | 2.7% | 2.5% | 2.5% | 2.1% | 4.7% | 5.3% | 5.3% | 4.8% | 6.2% | 6.7% | 6.2% | 3.1% | 5.2% |
| EPS (₹) | -2.27 | 0.71 | 0.51 | 1.88 | -2.19 | 1.25 | 1.59 | 1.52 | 1.55 | 1.08 | 2.83 | 3.42 | 2.89 | 1.91 | 2.79 | 2.80 | 1.86 | 0.70 | 1.32 |
| Net profit YoY | −4.3% | −43.2% | −64.0% | +31.1% | −257.7% | +30.3% | −41.7% | −51.1% | −44.2% | −40.8% | +8.2% | +22.9% | +56.9% | +147.5% | +101.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 348 | 292 | 251 | 163 | 86.2 |
| Other income | 1.9 | 1.1 | 1.4 | 0.4 | 0.6 |
| Total expenses | 349 | 285 | 235 | 150 | 85.7 |
| EBITDA | 28.7 | 31.5 | 27.7 | 21.2 | 7.7 |
| EBITDA margin | 8.2% | 10.8% | 11.0% | 13.0% | 9.0% |
| Finance costs | 16.1 | 12 | 6.3 | 4.9 | 4.8 |
| Depreciation | 13 | 12.9 | 6.2 | 3.5 | 2.5 |
| Profit before tax | 0.7 | 7.7 | 16.6 | 13.5 | 1 |
| Tax | −0.4 | 2.4 | 5.6 | 3.4 | 0.3 |
| Net profit | 1.1 | 5.2 | 10.9 | 9.8 | 0.6 |
| Net margin | 0.3% | 1.8% | 4.3% | 6.0% | 0.7% |
| EPS (₹) | 0.87 | 4.22 | 10.00 | 9.36 | 0.54 |
| Net profit YoY | −79.2% | −51.9% | +11.3% | +1451.4% | – |
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 | −11.6 | −2.8 | −7.5 | 14 | 13.9 |
| Investing cash flow | −18.2 | −27.6 | −30.2 | −11 | −6.3 |
| Financing cash flow | 29.7 | 30.2 | 37.6 | −2.8 | −7.5 |
| Capital expenditure | 18.9 | 28.5 | 15.8 | 4.7 | 0.9 |
| Free cash flow (CFO − capex) | −30.5 | −31.3 | −23.3 | 9.2 | 13 |
Net profit trend
annual, ₹ croreFY22
₹0.6
FY23
₹9.8+1451%
FY24
₹10.9+11%
FY25
₹5.2−52%
FY26
₹1.1−79%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 20 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 20 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 7 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 101.6×179.5×
P/B5Y avg 9.31×2.24×
ROEFY26, on average equity1.3%
Net margin0.3%
Debt / equity1.64×
Revenue CAGR (3Y)28.7%
Profit CAGR (3Y)-51.9%
EPS (TTM)₹0.83
Market cap₹185 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.24×
vs 8-point avg 9.31× (−76%)
2.24× low9.31× avg15.45× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹362 Cr+33%
Net worth₹83 Cr+4%
Total borrowings₹135 Cr+32%
Cash & bank balances₹0 Cr−60%
Investments₹0 Cr
Inventories₹128 Cr+68%
Trade receivables₹99 Cr+33%
Trade payables₹70 Cr+74%
Change vs the same date a year earlier.