Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 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 | Q2 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 195 | 158 | 114 | 140 | 124 | 123 | 103 | 104 | 111 | 111 | 74.4 | 122 | 100 | 123 | 126 | 132 | 122 | 138 | 100 | 99.4 |
| Other income | 1.8 | 0.7 | 0.6 | 0.5 | 0.6 | 1.3 | 2.4 | 3.2 | 2.3 | 1.5 | 0.8 | 0.1 | 0.3 | 0.2 | 0.5 | 0.4 | 0.2 | 0.3 | 0.2 | 0.1 |
| Total expenses | 179 | 154 | 108 | 133 | 122 | 122 | 99.6 | 99.2 | 104 | 102 | 70.3 | 114 | 97.3 | 108 | 110 | 115 | 106 | 122 | 87.9 | 88 |
| EBITDA | 30.5 | 19.4 | 13.7 | 15.1 | 9 | 6.1 | 9.2 | 9.7 | 12 | 14.1 | 8.3 | 13.5 | 7.1 | 18.2 | 19.3 | 20.2 | 19.6 | 20.5 | 16.4 | 16.4 |
| EBITDA margin | 15.7% | 12.3% | 12.0% | 10.7% | 7.3% | 5.0% | 8.9% | 9.4% | 10.8% | 12.7% | 11.1% | 11.0% | 7.1% | 14.9% | 15.3% | 15.3% | 16.1% | 14.9% | 16.3% | 16.5% |
| Finance costs | 6.4 | 7 | 3.1 | 4.1 | 3.3 | 1.6 | 2.4 | 1.8 | 1.3 | 2.1 | 1.6 | 2.3 | 1.7 | 1.6 | 0.9 | 0.8 | 1.8 | 2.1 | 2 | 2.9 |
| Depreciation | 8.3 | 8.2 | 4.9 | 4 | 3.9 | 3.6 | 3.6 | 3.4 | 3.2 | 2.9 | 2.7 | 2.8 | 2.6 | 2.6 | 2.5 | 2.4 | 2.3 | 2.2 | 2.2 | 2.2 |
| Profit before tax | 17.5 | 4.8 | 6.3 | 7.5 | 2.5 | 2.2 | 5.6 | 7.8 | 9.7 | 10.6 | 4.8 | 8.5 | 3.1 | 14.3 | 16.5 | 17.3 | 15.7 | 16.5 | 12.4 | 11.5 |
| Tax | 4.2 | 0.7 | 1.7 | 2 | −1.5 | 3.1 | 2 | 2.3 | 4 | 3.3 | 1.5 | 2.8 | 1.1 | 4.9 | 4.8 | 5.1 | 3.8 | 5.6 | 3.5 | 3.2 |
| Net profit | 13.3 | 4.1 | 4.6 | 5.5 | 4 | −0.9 | 3.6 | 5.4 | 5.7 | 7.2 | 3.3 | 5.7 | 2 | 9.4 | 11.6 | 12.2 | 11.9 | 10.9 | 8.9 | 8.3 |
| Net margin | 6.8% | 2.6% | 4.0% | 3.9% | 3.2% | -0.7% | 3.5% | 5.2% | 5.1% | 6.5% | 4.5% | 4.7% | 2.0% | 7.7% | 9.2% | 9.3% | 9.8% | 7.9% | 8.9% | 8.4% |
| EPS (₹) | 1.03 | 0.31 | 0.36 | 0.42 | 0.31 | -0.08 | 0.28 | 0.43 | 0.50 | 0.69 | 3.19 | 5.50 | 1.89 | 8.97 | 11.17 | 11.69 | 12.52 | 12.95 | 10.73 | 10.05 |
| Net profit YoY | +235.0% | +560.8% | +28.4% | +1.2% | −30.3% | −112.3% | +8.4% | −4.9% | +190.4% | −23.2% | −71.5% | −53.1% | −83.5% | −13.7% | +30.6% | +46.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 536 | 440 | 408 | 502 | 436 |
| Other income | 2.4 | 9.3 | 2.7 | 1.3 | 0.8 |
| Total expenses | 517 | 425 | 383 | 440 | 385 |
| EBITDA | 57.1 | 36.9 | 42.9 | 77.3 | 68.3 |
| EBITDA margin | 10.7% | 8.4% | 10.5% | 15.4% | 15.7% |
| Finance costs | 17.5 | 7.1 | 7.7 | 5 | 9.1 |
| Depreciation | 20.9 | 13.9 | 11 | 9.8 | 8.7 |
| Profit before tax | 21.1 | 25.2 | 26.9 | 63.8 | 51.3 |
| Tax | 2.9 | 11.4 | 8.7 | 18.6 | 15.6 |
| Net profit | 18.2 | 13.9 | 18.2 | 45.2 | 35.7 |
| Net margin | 3.4% | 3.1% | 4.5% | 9.0% | 8.2% |
| EPS (₹) | 1.40 | 1.14 | 1.75 | 44.35 | 43.02 |
| Net profit YoY | +31.1% | −24.0% | −59.6% | +26.3% | – |
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 | 12 | −52.8 | 34.3 | 13.9 | 5.9 |
| Investing cash flow | −160 | −200 | −121 | −59.6 | −16.4 |
| Financing cash flow | 136 | 272 | 88.3 | 46.5 | 12.4 |
| Capital expenditure | 160 | 252 | 79.1 | 59.8 | 17.3 |
| Free cash flow (CFO − capex) | −148 | −305 | −44.8 | −45.9 | −11.4 |
Net profit trend
annual, ₹ croreFY22
₹35.7
FY23
₹45.2+26%
FY24
₹18.2−60%
FY25
₹13.9−24%
FY26
₹18.2+31%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 3 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 3 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 19 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 19 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 10 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 10 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 10 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 132.8×115.7×
P/B5Y avg 5.13×4.56×
ROEFY26, on average equity2.6%
Net margin3.4%
Debt / equity0.33×
Revenue CAGR (3Y)2.2%
Profit CAGR (3Y)-26.2%
EPS (TTM)₹2.12
Market cap₹3,185 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.56×
vs 8-point avg 5.13× (−11%)
3.18× low5.13× avg7.04× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,120 Cr+20%
Net worth₹698 Cr+2%
Total borrowings₹231 Cr+174%
Cash & bank balances₹16 Cr−43%
Investments₹0 Cr
Inventories₹146 Cr+12%
Trade receivables₹205 Cr+18%
Trade payables₹138 Cr+48%
Change vs the same date a year earlier.