Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q2 FY23
| ₹ 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 | Q2 FY23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 167 | 239 | 196 | 153 | 148 | 173 | 134 | 130 | 119 | 155 | 102 | 110 | 92.7 | 96.2 | 89.3 |
| Other income | 1 | 0.6 | 0.5 | 0.1 | 0.5 | 0.9 | −0.1 | 0.2 | 0.5 | 0.7 | 0.3 | 0.1 | 0 | 0.1 | 0 |
| Total expenses | 162 | 233 | 188 | 147 | 143 | 168 | 129 | 126 | 115 | 149 | 99.3 | 106 | 89.9 | 93.4 | 86.8 |
| EBITDA | 8 | 10.3 | 10.2 | 8.5 | 6.5 | 7 | 7.5 | 6.4 | 5.2 | 6.7 | 4.1 | 5.3 | 3.9 | 3.8 | 3.4 |
| EBITDA margin | 4.8% | 4.3% | 5.2% | 5.5% | 4.4% | 4.0% | 5.6% | 4.9% | 4.4% | 4.4% | 4.1% | 4.8% | 4.2% | 3.9% | 3.8% |
| Finance costs | 2.4 | 3.2 | 2.2 | 1.4 | 1.7 | 2.1 | 1.8 | 1.5 | 1.6 | 1.5 | 1.4 | 1 | 0.9 | 0.8 | 0.7 |
| Depreciation | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 |
| Profit before tax | 6.5 | 7.5 | 8.3 | 7 | 5.2 | 5.6 | 5.4 | 5 | 4.1 | 5.8 | 2.9 | 4.2 | 2.8 | 2.9 | 2.6 |
| Tax | 1.8 | 1.7 | 1.8 | 2 | 1.1 | 1.8 | 1.4 | 1.3 | 1 | 1.6 | 0.7 | 1.1 | 0.7 | 0.7 | 0.7 |
| Net profit | 4.7 | 5.8 | 6.5 | 5 | 4 | 3.7 | 4 | 3.7 | 3.1 | 4.2 | 2.2 | 3.1 | 2.1 | 2.1 | 1.9 |
| Net margin | 2.8% | 2.4% | 3.3% | 3.3% | 2.7% | 2.2% | 3.0% | 2.8% | 2.6% | 2.7% | 2.1% | 2.8% | 2.3% | 2.2% | 2.1% |
| EPS (₹) | 2.95 | 3.60 | 4.01 | 3.14 | 2.79 | 2.62 | 2.92 | 2.82 | 2.35 | 3.29 | 1.79 | 2.61 | 1.76 | 1.73 | 1.58 |
| Net profit YoY | +16.4% | +55.8% | +60.3% | +35.8% | +32.4% | −11.8% | +86.6% | +17.8% | +44.8% | +96.3% | – | +65.7% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 737 | 556 | 460 | 360 |
| Other income | 1.7 | 1.4 | 1 | 0.3 |
| Total expenses | 710 | 537 | 445 | 350 |
| EBITDA | 35.5 | 26.1 | 20 | 12.7 |
| EBITDA margin | 4.8% | 4.7% | 4.4% | 3.5% |
| Finance costs | 8.6 | 6.9 | 4.9 | 2.8 |
| Depreciation | 0.7 | 0.6 | 0.6 | 0.7 |
| Profit before tax | 28 | 20 | 15.6 | 9.5 |
| Tax | 6.6 | 5.5 | 4 | 2.4 |
| Net profit | 21.3 | 14.5 | 11.6 | 7.1 |
| Net margin | 2.9% | 2.6% | 2.5% | 2.0% |
| EPS (₹) | 13.55 | 10.72 | 9.51 | 5.90 |
| Net profit YoY | +47.1% | +24.9% | +64.1% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | −37.3 | −3.8 | −7.6 | −11.4 |
| Investing cash flow | −4.3 | −0 | −0.4 | −0 |
| Financing cash flow | 43.5 | 14.7 | 17 | 6 |
| Capital expenditure | 5.8 | 1.3 | 1 | 0.3 |
| Free cash flow (CFO − capex) | −43.2 | −5.1 | −8.6 | −11.8 |
Net profit trend
annual, ₹ croreFY23
₹7.1
FY24
₹11.6+64%
FY25
₹14.5+25%
FY26
₹21.3+47%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 30 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 28 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 13 Feb 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 25.2×22.5×
P/B5Y avg 5.98×4.59×
ROEFY26, on average equity23.7%
Net margin2.9%
Debt / equity0.81×
Revenue CAGR (3Y)27.0%
Profit CAGR (3Y)44.4%
EPS (TTM)₹13.41
Market cap₹495 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.59×
vs 8-point avg 5.98× (−23%)
3.48× low5.98× avg9.20× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹373 Cr+51%
Net worth₹108 Cr+49%
Total borrowings₹87 Cr+71%
Cash & bank balances₹0 Cr−74%
Investments₹0 Cr+4898%
Inventories₹115 Cr+62%
Trade receivables₹210 Cr+61%
Trade payables₹163 Cr+43%
Change vs the same date a year earlier.
Revenue mix FY26
Products78.1%result ₹47.2 Cr
Security Software and Services21.9%result ₹19.4 Cr
Segment revenue as reported, before inter-segment eliminations.