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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q1 FY20

₹ 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
Revenue from operations	2,409	1,216	1,394	983	1,112	925	697	746	778	631	554	639	875	673	720	461	355	384	394	428	222	338	258	174	92.8	265	256	277	280
Other income	3.2	5.8	8.8	10.2	6.6	6.9	20.7	10.1	4.8	1.1	8.5	4.7	0.7	−1.3	4	1.5	0.4	4.1	1.3	0.2	0.9	0.4	0.5	1.3	0.7	1.1	1.1	1.3	0.8
Total expenses	2,328	1,179	1,376	966	1,091	898	682	731	763	614	531	596	832	637	688	431	337	368	365	384	201	305	233	162	103	261	233	260	260
EBITDA	144	95.3	86.1	82.4	82.8	90.5	80.8	78	75.1	110	83.9	88.7	76.4	69.7	58.4	55.9	38.6	37.3	49	61.6	38.2	50.6	40.2	26.1	4.1	21.6	38.7	31.5	34.9
EBITDA margin	6.0%	7.8%	6.2%	8.4%	7.4%	9.8%	11.6%	10.5%	9.6%	17.5%	15.1%	13.9%	8.7%	10.4%	8.1%	12.1%	10.8%	9.7%	12.4%	14.4%	17.2%	15.0%	15.5%	15.0%	4.5%	8.1%	15.1%	11.4%	12.5%
Finance costs	21	13.6	25	24.1	21	20.8	19	20	18.9	26.1	19.3	20.8	7.5	6.1	6.6	6.5	3	3.2	2.6	2.1	1.4	2.4	1.9	2.1	2.2	3.3	2.7	2.8	2.8
Depreciation	42.2	45.1	42.8	41.5	41.2	43.3	46.9	43.6	41	67.7	41.7	25.6	25.3	27.8	20.2	19.5	17.5	18.7	17	15.4	15.7	14.6	12.9	12.5	12.2	14.1	13	12	12
Profit before tax	83.6	42.4	27	27	27.1	33.4	36.7	24.5	19.9	17.7	31.3	46.9	44.3	34.5	35.7	31.4	18.5	19.5	30.7	44.2	22	33.9	25.9	12.8	−9.5	5.2	24	18	20.9
Tax	21.1	8.2	6.1	7	6.9	6.5	10.4	3.7	5.2	5	4.7	16.2	11.4	9.6	9.2	8.2	4.9	4.9	7.4	11.1	5.5	8.7	6.5	2.9	−2.4	1.2	6	3.5	6.3
Net profit	62.6	34.4	21.3	20.4	20.5	27.3	26.3	21.7	15.5	13.9	27.4	30.7	33.2	26.2	27.6	24.5	14.5	14.6	23.6	34.8	16.8	26.1	20.4	10.1	−7	4.6	18.1	14.5	15.3
Net margin	2.6%	2.8%	1.5%	2.1%	1.8%	3.0%	3.8%	2.9%	2.0%	2.2%	5.0%	4.8%	3.8%	3.9%	3.8%	5.3%	4.1%	3.8%	6.0%	8.1%	7.6%	7.7%	7.9%	5.8%	-7.6%	1.7%	7.0%	5.2%	5.5%
EPS (₹)	1.86	0.94	0.63	0.62	0.61	0.69	0.92	0.64	0.47	0.33	0.95	1.13	1.13	0.92	0.95	0.86	0.50	0.48	0.81	1.18	0.63	0.92	0.73	0.37	-0.26	0.17	0.66	0.53	0.56
Net profit YoY	+205.9%	+25.9%	−19.2%	−6.1%	+32.4%	+96.0%	−4.0%	−29.2%	−53.4%	−46.8%	−0.7%	+25.3%	+129.6%	+80.0%	+17.1%	−29.6%	−14.1%	−44.1%	+15.9%	+245.3%	+339.9%	+468.8%	+12.7%	−30.5%	−145.7%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20
Revenue from operations	4,705	3,146	2,698	2,209	1,428	863	1,078
Other income	31.3	42.4	15	4.6	6.4	2.8	4.3
Total expenses	4,612	3,075	2,573	2,093	1,318	803	1,014
EBITDA	347	324	359	223	186	121	127
EBITDA margin	7.4%	10.3%	13.3%	10.1%	13.0%	14.0%	11.7%
Finance costs	83.8	78.6	73.8	22.2	9.3	8.6	11.6
Depreciation	171	175	160	85.1	66.8	52.2	51.2
Profit before tax	124	113	140	120	116	63	68.1
Tax	28.2	25.9	37.3	31.8	28.8	15.6	17
Net profit	96.5	90.8	105	92.8	89.7	49.5	52.5
Net margin	2.1%	2.9%	3.9%	4.2%	6.3%	5.7%	4.9%
EPS (₹)	2.80	2.62	3.50	3.27	3.16	1.74	1.92
Net profit YoY	+6.3%	−13.7%	+13.5%	+3.4%	+81.4%	−5.7%	–

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	400	9.6	263	−132	103
Investing cash flow	−339	−135	−375	−174	−169
Financing cash flow	−154	152	222	357	69.4
Capital expenditure	114	−272	245	212	208
Free cash flow (CFO − capex)	285	−262	17.9	−344	−105

Net profit trend

annual, ₹ crore

FY21

₹49.5

FY22

₹89.7+81%

FY23

₹92.8+3%

FY24

₹105+13%

FY25

₹90.8−14%

FY26

₹96.5+6%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	11 Aug 2026	PDF XBRL
Q1 FY27	Standalone	11 Aug 2026	PDF XBRL
Q4 FY26	Consolidated · audited	30 May 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	–	PDF XBRL
Q4 FY26	Standalone · audited	–	PDF XBRL
Q4 FY26	Standalone · audited	30 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	14 Nov 2025	PDF XBRL
Q2 FY26	Standalone	14 Nov 2025	PDF XBRL

Annual reports

NSE archive

FY2611.92 MB FY2511.21 MB FY24 FY23 FY22 FY21 FY20 FY19

Key ratios

P/E (TTM)5Y avg 19.6×21.2×

P/B5Y avg 2.09×2.07×

ROEFY26, on average equity7.0%

Net margin2.1%

Debt / equity0.35×

Revenue CAGR (3Y)28.7%

Profit CAGR (3Y)1.3%

EPS (TTM)₹4.17

Market cap₹2,933 Cr

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

P/B vs history

2.07×

vs 8-point avg 2.09× (−1%)

0.88× low2.09× avg3.25× high

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

Balance sheet 31 Mar 2026

Total assets₹2,736 Cr+7%

Net worth₹1,418 Cr+7%

Total borrowings₹502 Cr−5%

Cash & bank balances₹55 Cr−63%

Investments₹7 Cr

Inventories₹209 Cr−16%

Trade receivables₹219 Cr−30%

Trade payables₹107 Cr+9%

Change vs the same date a year earlier.

Revenue mix FY25

- LPG Division88.4%result ₹314 Cr

- Cylinder Division11.6%result ₹10.4 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Jun 24	Jun 24	Mar 24
Promoter	57.38	55.89	55.89	55.89	55.89	55.89	55.89	55.89	55.89	55.89	56.22	56.12
FII	0.81	0.48	0.69	0.97	1.00	2.71	2.40	2.04	1.94	1.94	1.99	2.08
DII	0.19	0.01	0.01	0.03	0.08	0.10	0.27	0.43	0.52	0.52	0.52	1.19
Retail	24.94	29.23	29.68	29.42	28.70	27.07	27.29	27.56	28.11	28.11	27.49	26.62
Other public	16.68	14.39	13.73	13.69	14.33	14.23	14.15	14.08	13.54	13.54	13.78	13.99

1,00,789 shareholders · NSE shareholding pattern filings.