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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q3 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	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 FY18
Revenue from operations	204	340	331	291	273	369	281	260	246	297	298	248	244	316	197	201	208	233	200	172	174	207	217	205	190	229	226	204	220	272	286
Other income	2.3	7.5	2.9	10.7	2.9	3.6	2.3	1.5	1.3	3.8	1.1	0.9	4.8	1.4	2.4	0.6	2.6	2.6	2.6	2.9	1.8	2.6	1.2	1	2.7	4.3	2.9	8.9	4.7	6.3	33.2
Total expenses	191	302	316	292	268	347	280	258	250	301	289	251	245	285	210	210	214	218	198	178	183	207	208	200	190	224	217	203	220	249	293
EBITDA	23.6	48.7	31.5	17.9	22.7	41.6	19.3	20.3	15.5	18.1	28.9	17.2	17.9	50.2	5.1	8.2	11.5	32.1	18.8	12.1	9.6	18.9	29	21.9	18.1	27.6	26.7	20.7	17.5	37.2	13.7
EBITDA margin	11.5%	14.3%	9.5%	6.2%	8.3%	11.3%	6.9%	7.8%	6.3%	6.1%	9.7%	6.9%	7.3%	15.9%	2.6%	4.1%	5.5%	13.8%	9.4%	7.0%	5.5%	9.1%	13.4%	10.7%	9.6%	12.1%	11.8%	10.2%	8.0%	13.7%	4.8%
Finance costs	4.4	5	6.9	8.5	7	9.8	7.9	7.7	7.6	9.7	7.7	9.1	8.1	8.1	6.7	6.6	6	7.4	5.6	6	7.3	7.5	7.6	6.6	7.9	12	7.9	9.6	7.4	7.8	11.2
Depreciation	5.5	5	9.3	11.3	10.3	10.1	10.6	11.2	12.3	12	11.5	11.1	10.6	11	11	10.8	11	9.3	11.6	11.2	11.1	11.4	12.7	10.3	10.8	10.7	10.5	10.1	10.1	6.5	9.5
Profit before tax	16	46.2	−39.2	8.8	10.2	29.8	−16.1	2.9	−3	−4.7	10.7	−2.1	4	32.6	−10.2	−8.5	−3	2.3	4.1	−2.2	−51.8	2.6	9.9	5.9	2.1	−1.3	11.2	10	4.7	29.3	26.2
Tax	4.7	11.2	−7.3	4.6	5.7	8.3	3.2	3.2	0.8	2.2	3.5	2.4	2.6	8	−0.5	−1.6	−0.4	4.1	0.6	−0.1	−3.3	0.9	2	1.4	3	0.5	3.3	1.7	1.9	3	−2.1
Net profit	106	1.6	−61.8	4.2	4.5	21.5	−19.3	−0.3	−3.8	−6.9	7.2	−4.6	1.4	25.8	−9.7	−6.9	−2.6	−6.4	3.5	−2.1	−48.5	0.9	7.9	4.2	−0.9	3	2.2	12.1	−1.2	21.5	28.2
Net margin	51.7%	0.5%	-18.6%	1.5%	1.6%	5.8%	-6.9%	-0.1%	-1.6%	-2.3%	2.4%	-1.8%	0.6%	8.2%	-4.9%	-3.4%	-1.2%	-2.7%	1.8%	-1.2%	-27.8%	0.4%	3.6%	2.0%	-0.5%	1.3%	1.0%	5.9%	-0.5%	7.9%	9.9%
EPS (₹)	7.61	23.70	-23.37	2.96	3.95	16.92	-12.79	-0.26	-2.45	-4.18	5.95	-2.89	2.50	19.80	-5.92	-4.60	-1.67	0.69	2.72	-0.53	-26.59	0.49	5.94	5.39	1.51	0.34	6.61	5.27	3.02	16.22	20.57
Net profit YoY	+2257.0%	−92.4%	−220.0%	+1456.1%	+216.5%	+412.2%	−366.2%	+93.2%	−365.2%	−126.7%	+175.0%	+33.6%	+156.4%	+504.9%	−375.0%	−225.4%	+94.7%	−803.1%	−55.2%	−150.1%	−5155.0%	−70.2%	+264.8%	−65.3%	+22.5%	−85.9%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from operations	953	1,155	1,091	923	780	817	883	928
Other income	15.8	8.7	6.8	5.9	8	5.8	15.4	9.9
Total expenses	854	1,136	1,085	918	775	803	863	889
EBITDA	135	96.7	85.8	76.2	74.2	89.5	98	101
EBITDA margin	14.2%	8.4%	7.9%	8.3%	9.5%	11.0%	11.1%	10.9%
Finance costs	16.9	32.9	34.6	27.3	26.3	29.5	36.8	34.9
Depreciation	19.5	44.1	45.3	43.8	43.2	45.3	41.4	27.8
Profit before tax	115	13.6	7.9	10.9	−47.6	20.5	24.6	54.7
Tax	14.1	15.5	10.6	5.4	1.3	7.4	7.4	6.9
Net profit	−51.8	−1.9	−2.8	6.7	−53.5	12	16.1	26.8
Net margin	-5.4%	-0.2%	-0.3%	0.7%	-6.9%	1.5%	1.8%	2.9%
EPS (₹)	68.25	1.89	1.38	7.62	-23.71	13.31	15.76	30.85
Net profit YoY	−2588.4%	+30.1%	−141.2%	+112.5%	−544.1%	−25.3%	−39.9%	–

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	60.4	−29.4	214	70.1	103
Investing cash flow	−43.2	−58.8	−44	−24.8	−14.9
Financing cash flow	−25.4	107	−145	−59.6	−81.2
Capital expenditure	40.4	18.6	33	21.8	18.8
Free cash flow (CFO − capex)	20	−47.9	181	48.3	84.7

Net profit trend

annual, ₹ crore

FY21

₹12

FY22

₹−53.5−544%

FY23

₹6.7+113%

FY24

₹−2.8−141%

FY25

₹−1.9+30%

FY26

₹−51.8−2588%

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	15 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	14 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	14 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	14 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	11 Nov 2025	PDF XBRL
Q2 FY26	Standalone	11 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	5 Aug 2025	PDF XBRL
Q1 FY26	Standalone	5 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY2611.71 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 155.3×142.7×

P/B5Y avg 9.05×20.63×

ROEFY26, on average equity-13.8%

Net margin-5.4%

Debt / equity0.36×

Revenue CAGR (3Y)1.1%

Profit CAGR (3Y)–

EPS (TTM)₹33.66

Market cap₹7,079 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

20.63×

vs 8-point avg 9.05× (+128%)

3.68× low9.05× avg20.63× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹1,303 Cr+5%

Net worth₹343 Cr−15%

Total borrowings₹122 Cr−16%

Cash & bank balances₹38 Cr−44%

Investments₹0 Cr−100%

Inventories₹456 Cr+31%

Trade receivables₹300 Cr−2%

Trade payables₹253 Cr+15%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23
Promoter	46.82	46.88	46.89	46.99	51.52	51.52	51.52	58.75	58.75	58.75	58.79	58.79
FII	3.31	2.37	2.39	2.86	1.94	0.82	0.85	1.03	0.38	0.37	0.37	0.38
DII	19.67	21.51	19.95	19.29	15.69	15.36	15.79	8.06	8.59	8.20	7.76	7.25
of which MF	9.60	10.16	10.27	10.31	8.64	–	–	–	–	–	–	–
Retail	21.41	20.58	21.30	21.18	20.57	20.77	20.30	23.19	23.08	23.50	23.65	23.92
Other public	8.79	8.66	9.47	9.68	10.28	11.53	11.54	8.97	9.20	9.18	9.43	9.66

30,466 shareholders · NSE shareholding pattern filings.