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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q2 FY19

₹ 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 FY19	Q2 FY19
Revenue from operations	169	161	160	183	184	183	194	188	181	195	232	271	273	227	273	270	250	218	247	74.7	75.9	211	121	38.4	48.3	181	205	201	187	204	206	201
Other income	9.6	13.7	7.4	7.9	11.7	14.1	12.7	18.5	15.1	18.3	12.7	12.1	13.8	18.8	11.7	9.9	6.1	18.5	5	7.8	6.9	6.3	8.1	8.1	13	10.4	8.3	6.5	8.2	9.2	5.5	8.3
Total expenses	150	149	147	156	158	154	178	169	165	171	195	190	195	184	189	187	179	167	156	108	118	145	124	98.5	96.1	148	140	133	131	126	132	135
EBITDA	30.7	27.7	24.1	39.7	39.1	42.5	32.1	33.8	30.6	41.7	55.8	100	95.8	60.2	102	100	87.5	69	107	−18.9	−27.6	79.2	11.7	−44.9	−33	47.7	79.1	81.4	67.7	87.9	84	76.2
EBITDA margin	18.2%	17.2%	15.0%	21.7%	21.2%	23.3%	16.5%	18.0%	16.9%	21.4%	24.1%	37.0%	35.1%	26.5%	37.4%	37.2%	35.0%	31.6%	43.4%	-25.3%	-36.4%	37.5%	9.7%	-116.9%	-68.3%	26.3%	38.5%	40.5%	36.3%	43.0%	40.8%	37.9%
Finance costs	2.3	2.9	1	1.1	1	1.2	1.5	1.6	1.6	3.2	3	2.7	2.1	2.5	3	2.2	1.9	1.8	1.9	1.1	1.1	1.4	1.4	1.3	1.3	1.6	1.4	1.1	1	0.3	0.6	0.7
Depreciation	10.2	12.8	10.1	11.8	12.2	12.8	14	13.8	13.6	14.9	16	17	15.9	14.6	14.9	15	14.2	15.5	13.6	13.6	13.3	11.7	13.7	13.9	13.4	13.1	12.4	12	11	9.5	9.5	9.4
Profit before tax	−279	20.3	20.4	34.7	37.6	255	29.4	36.9	31.5	91.7	49.5	92.4	91.6	61.9	96.1	93	77.4	63.5	95.6	−25.9	−35.2	76.1	4.8	−64.7	−34.8	43.3	73.5	75.5	64	91.7	79.5	74.4
Tax	−67.2	5.3	4.4	10.6	8.5	72.8	−6.3	10.6	10.4	19.6	15.1	23	23.8	10.6	11.5	24.8	20.1	15.3	24.3	−3.6	−6.3	19	3.8	−9.2	−6.1	14.6	18.6	16.6	21.7	34.4	29.1	26.7
Net profit	−213	16.5	14.3	25.1	29.5	165	35.7	27	21.7	72.5	34.6	69.5	68.2	51.3	84.9	68.6	57.5	48.5	70.8	−22.3	−29.2	57.7	1	−55.5	−28.7	28.7	54.9	58.9	42.3	56.7	50.4	47.7
Net margin	-126.1%	10.2%	8.9%	13.7%	16.0%	90.1%	18.4%	14.4%	12.0%	37.2%	14.9%	25.7%	25.0%	22.6%	31.1%	25.4%	23.0%	22.2%	28.6%	-29.8%	-38.5%	27.3%	0.9%	-144.7%	-59.3%	15.9%	26.8%	29.3%	22.7%	27.8%	24.5%	23.7%
EPS (₹)	-7.93	0.61	0.53	0.94	1.10	6.73	1.33	1.01	0.81	2.70	1.29	2.59	2.54	1.91	3.17	2.55	2.14	1.80	2.64	-0.85	-1.08	2.16	0.05	-2.05	-1.05	1.07	2.03	2.18	1.57	2.13	1.88	1.80
Net profit YoY	−821.6%	−90.0%	−60.0%	−7.0%	+35.9%	+127.1%	+3.4%	−61.2%	−68.2%	+41.3%	−59.3%	+1.2%	+18.6%	+5.8%	+19.9%	+408.0%	+297.0%	−15.9%	+6709.6%	+59.9%	−1.8%	+100.7%	−98.1%	−194.3%	−167.8%	−49.4%	+9.0%	+23.3%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from operations	688	730	925	1,021	616	419	773	798
Other income	40.7	57.1	56.9	46.4	38.1	35.5	33.3	31.3
Total expenses	611	598	707	739	548	464	551	519
EBITDA	131	187	293	350	130	13	276	319
EBITDA margin	19.0%	25.6%	31.7%	34.3%	21.0%	3.1%	35.7%	39.9%
Finance costs	6	5.5	11	9.6	5.9	5.4	5.1	1.8
Depreciation	46.9	49.8	63.8	58.7	56.1	52.7	48.5	37.7
Profit before tax	113	402	325	328	98	−18.6	256	315
Tax	28.7	84.1	81.6	67	29.8	7.5	71.5	114
Net profit	85.3	249	245	262	67.8	−25.5	185	196
Net margin	12.4%	34.1%	26.4%	25.7%	11.0%	-6.1%	23.9%	24.6%
EPS (₹)	3.19	11.86	9.12	9.77	2.51	-0.90	6.85	7.46
Net profit YoY	−65.7%	+1.8%	−6.7%	+286.7%	+365.9%	−113.8%	−5.9%	–

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	135	49.4	170	154	127
Investing cash flow	−95.4	1	−111	−73	−36.3
Financing cash flow	−54.2	−89.5	−60.3	−52.1	−44.4
Capital expenditure	253	213	211	119	75.3
Free cash flow (CFO − capex)	−118	−164	−40.6	34.6	51.2

Net profit trend

annual, ₹ crore

FY21

₹−25.5

FY22

₹67.8+366%

FY23

₹262+287%

FY24

₹245−7%

FY25

₹249+2%

FY26

₹85.3−66%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	11 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	11 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	–	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	22 Apr 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	22 Apr 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	–	PDF on NSE XBRL
Q3 FY26	Consolidated	15 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	15 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	–	PDF on NSE XBRL

Annual reports

NSE archive

FY2612.95 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 13.8×-13.1×

P/B5Y avg 1.40×0.91×

ROEFY26, on average equity3.5%

Net margin12.4%

Debt / equity0.00×

Revenue CAGR (3Y)-12.3%

Profit CAGR (3Y)-31.2%

EPS (TTM)₹-5.85

Market cap₹2,058 Cr

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

P/B vs history

0.91×

vs 8-point avg 1.40× (−35%)

0.59× low1.40× avg2.53× high

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

Balance sheet 31 Mar 2026

Total assets₹2,574 Cr−13%

Net worth₹2,252 Cr−15%

Total borrowings₹0 Cr

Cash & bank balances₹76 Cr−15%

Investments₹233 Cr−64%

Inventories₹19 Cr+0%

Trade receivables₹4 Cr−25%

Trade payables₹23 Cr+2%

Change vs the same date a year earlier.

Revenue mix FY26

Casino Gaming Division93.1%result ₹88 Cr

Hospitality Division6.9%result ₹−1.9 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	Mar 24	Dec 23	Sept 23
Promoter	34.47	34.47	34.47	33.66	33.66	33.66	33.26	33.26	33.26	33.26	33.26	33.26
FII	1.18	1.62	1.64	2.14	2.69	1.48	1.02	1.26	1.46	1.91	1.56	5.06
DII	0.24	0.24	0.24	2.63	6.27	7.75	8.37	8.61	8.81	8.94	12.19	15.73
of which MF	0.24	0.24	0.24	2.62	6.24	–	–	–	–	–	–	–
Retail	52.79	52.15	52.55	51.63	48.18	47.03	47.58	46.57	46.86	46.17	44.96	40.16
Other public	11.32	11.52	11.10	9.94	9.20	10.08	9.77	10.30	9.61	9.72	8.03	5.79

3,40,453 shareholders · NSE shareholding pattern filings.