Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 912 | 1,030 | 878 | 823 | 846 | 1,116 | 877 | 784 | 716 | 655 | 560 | 533 | 443 | 394 | 334 | 301 | 234 | 165 | 153 | 133 | 144 | 120 | 123 | 113 | 123 | 131 | 0 |
| Other income | 29.7 | 18.8 | 60.4 | 276 | 195 | 57.7 | 17.2 | 84.1 | 9 | 3.2 | 34.5 | 4.4 | 7.3 | 7.4 | 14 | 77.9 | 3.2 | 8.6 | 4.4 | 3.6 | 4 | 2.8 | 4.3 | 1.8 | 3 | 1.9 | 0 |
| Total expenses | 1,095 | 1,231 | 1,098 | 1,130 | 1,122 | 1,151 | 996 | 853 | 850 | 636 | 635 | 558 | 519 | 432 | 383 | 374 | 387 | 196 | 164 | 142 | 146 | 139 | 131 | 130 | 123 | 130 | 0 |
| EBITDA | 242 | 278 | 252 | 176 | 205 | 443 | 326 | 317 | 233 | 341 | 212 | 234 | 150 | 135 | 125 | 82.1 | −21.9 | 45.1 | 63.2 | 61 | 63.8 | 46.1 | 58.3 | 44.5 | 42 | 61.5 | 0 |
| EBITDA margin | 26.5% | 27.0% | 28.7% | 21.3% | 24.2% | 39.7% | 37.1% | 40.4% | 32.5% | 52.0% | 37.9% | 44.0% | 33.9% | 34.2% | 37.4% | 27.2% | -9.4% | 27.4% | 41.4% | 45.9% | 44.2% | 38.3% | 47.4% | 39.5% | 34.3% | 47.0% | – |
| Finance costs | 387 | 419 | 439 | 459 | 450 | 440 | 417 | 363 | 344 | 299 | 268 | 243 | 213 | 164 | 164 | 145 | 122 | 71.9 | 70.2 | 65.9 | 60.4 | 59.9 | 61 | 57.1 | 37.7 | 55.1 | 0 |
| Depreciation | 37.7 | 61 | 32.2 | 23.9 | 30.7 | 38.3 | 26.9 | 23.4 | 22.6 | 22.6 | 18.7 | 16.5 | 13.4 | 8.7 | 9.7 | 10.1 | 8.8 | 4.3 | 4.2 | 4.2 | 4.5 | 4.5 | 5.4 | 4.8 | 5.1 | 5.5 | 0 |
| Profit before tax | −153 | 23.1 | −164 | −31.8 | −80.7 | 22.7 | −101 | 15.1 | −125 | 22.2 | −40.1 | −20.4 | −68.5 | −30.4 | −34.7 | 5.1 | −150 | −12.7 | −6.7 | −5.5 | 2.8 | −15.5 | −3.8 | −15.6 | 32.7 | 2.7 | 0 |
| Tax | −4.3 | 54.4 | −29.2 | −23.3 | 26.3 | −1.6 | −42.4 | 7.5 | −3.4 | −17.2 | −22.2 | 7.8 | −4 | −9.7 | 3.8 | 9.8 | −9.2 | 8.3 | 5.1 | 1.4 | 8.4 | 0 | 2.4 | −1 | 7.6 | 2.3 | 0 |
| Net profit | −149 | −31.3 | −135 | −8.5 | −107 | 24.2 | −58.6 | 7.6 | −122 | 39.4 | −17.9 | −28.2 | −64.5 | −20.8 | −38.5 | −4.7 | −140 | −21 | −11.8 | −6.9 | −5.5 | −15.5 | −6.2 | −14.6 | 25.1 | 0.4 | 0 |
| Net margin | -16.3% | -3.0% | -15.3% | -1.0% | -12.6% | 2.2% | -6.7% | 1.0% | -17.0% | 6.0% | -3.2% | -5.3% | -14.5% | -5.3% | -11.5% | -1.6% | -60.0% | -12.8% | -7.7% | -5.2% | -3.8% | -12.9% | -5.0% | -13.0% | 20.4% | 0.3% | – |
| EPS (₹) | -1.90 | 0.29 | -2.23 | -0.96 | -0.33 | -0.49 | -1.26 | -0.57 | -2.19 | 0.04 | -0.67 | -0.56 | -1.19 | -0.78 | -0.69 | -0.41 | -2.98 | -0.38 | -0.41 | -0.25 | -0.28 | -0.39 | -0.17 | 0.29 | 0.69 | 0.08 | 0.00 |
| Net profit YoY | −39.1% | −229.2% | −129.9% | −211.3% | +12.2% | −38.6% | −227.6% | +127.1% | −89.0% | +289.9% | +53.6% | −497.3% | – | +85.2% | −83.1% | +59.9% | −2431.3% | −35.8% | −91.1% | +52.6% | −122.1% | −3859.9% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,763 | 3,493 | 2,207 | 1,310 | 684 | 500 | 470 | 9,884 |
| Other income | 364 | 168 | 31.9 | 55.4 | 19.8 | 12.9 | 10.6 | 51.3 |
| Total expenses | 4,581 | 3,850 | 2,348 | 1,544 | 888 | 545 | 536 | 9,855 |
| EBITDA | 1,097 | 1,318 | 953 | 440 | 147 | 213 | 153 | 133 |
| EBITDA margin | 29.1% | 37.7% | 43.2% | 33.6% | 21.5% | 42.5% | 32.6% | 1.3% |
| Finance costs | 1,767 | 1,564 | 1,022 | 636 | 330 | 238 | 199 | 96.1 |
| Depreciation | 148 | 111 | 71.3 | 38 | 21.5 | 19.2 | 20 | 8.2 |
| Profit before tax | −253 | −188 | −107 | −179 | −184 | −32 | 12.7 | 79.9 |
| Tax | 28.2 | −39.9 | −35.5 | 4.3 | 5.6 | 9.8 | 11.9 | 38.3 |
| Net profit | −281 | −149 | −71.2 | −183 | −190 | −41.8 | 0.7 | 31.9 |
| Net margin | -7.5% | -4.3% | -3.2% | -14.0% | -27.8% | -8.4% | 0.2% | 0.3% |
| EPS (₹) | -3.13 | -4.51 | -2.39 | -3.60 | -4.25 | -1.13 | 0.35 | 0.77 |
| Net profit YoY | −89.4% | −108.7% | +61.1% | +3.7% | −354.3% | −5941.7% | – | – |
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 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | −1,814 | 2,532 | 120 | −4,054 | −544 |
| Investing cash flow | 1,459 | −1,704 | −1,550 | 142 | −286 |
| Financing cash flow | 436 | −590 | 1,501 | 112 | 5,019 |
| Capital expenditure | 231 | 288 | 102 | 21.6 | 48 |
| Free cash flow (CFO − capex) | −2,045 | 2,244 | 18 | −4,076 | −592 |
Net profit trend
annual, ₹ croreFY21
₹−41.8
FY22
₹−190−354%
FY23
₹−183+4%
FY24
₹−71.2+61%
FY25
₹−149−109%
FY26
₹−281−89%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 21 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 21 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 |
| Q1 FY26 | Consolidated | 8 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-3.2×
P/B3.32×
ROEFY26, on average equity-95.2%
Net margin-7.5%
Debt / equity51.52×
Revenue CAGR (3Y)42.1%
Profit CAGR (3Y)–
EPS (TTM)₹-6.64
Market cap₹1,034 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₹21,483 Cr−5%
Net worth₹312 Cr+12%
Total borrowings₹16,058 Cr+469%
Cash & bank balances₹987 Cr+9%
Investments₹4,158 Cr−21%
Inventories₹0 Cr
Trade receivables₹58 Cr−3%
Trade payables₹215 Cr
Change vs the same date a year earlier.
Revenue mix FY26
Banking Business84.3%result ₹−306 Cr
Housing Finance6.1%result ₹−7.2 Cr
Wealth Management and Distribution5.1%result ₹−4.8 Cr
Institutional Business4.4%result ₹−15.1 Cr
Segment revenue as reported, before inter-segment eliminations.