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 | 123 | 118 | 128 | 132 | 110 | 115 | 109 | 115 | 104 | 118 | 108 | 98.4 | 90.2 | 91.4 | 92.3 | 86.4 | 79.2 | 87 | 86.7 | 82.8 | 67.6 | 68.1 | 74.4 | 70 | 36.4 | 61.2 | 71.9 | 63 | 63 |
| Other income | 0.6 | 0.9 | 1.3 | 2.1 | 0.5 | 2.2 | 2.2 | 1.1 | 1.8 | 0.8 | 0.6 | 0.6 | 0.8 | 1.9 | 0.9 | 1.1 | 1.7 | 2.8 | 2.7 | 1.4 | 2 | 3.1 | 0.4 | 1.2 | 0.4 | 0.5 | 0.9 | 0.1 | 0.2 |
| Total expenses | 126 | 117 | 122 | 120 | 113 | 107 | 102 | 100 | 104 | 109 | 108 | 98.8 | 88.3 | 94.8 | 91.8 | 92.3 | 88.3 | 86.3 | 73.1 | 71.5 | 68.4 | 73.7 | 73.2 | 69.7 | 70.4 | 77.9 | 75.2 | 74.3 | 72.9 |
| EBITDA | 1.9 | 6.7 | 10.5 | 16.3 | 2.3 | 13.2 | 13.7 | 21 | 9.9 | 18.2 | 9.4 | 8.1 | 10.4 | 5.7 | 9.3 | 2.2 | −2.2 | 7.7 | 20.4 | 18.5 | 6.4 | 10.4 | 17.2 | 16.5 | −17.9 | −0.1 | 13 | 8.6 | 2.6 |
| EBITDA margin | 1.5% | 5.7% | 8.2% | 12.4% | 2.1% | 11.5% | 12.5% | 18.3% | 9.5% | 15.4% | 8.7% | 8.3% | 11.5% | 6.2% | 10.1% | 2.6% | -2.7% | 8.9% | 23.5% | 22.3% | 9.5% | 15.3% | 23.1% | 23.6% | -49.2% | -0.2% | 18.0% | 13.6% | 4.2% |
| Finance costs | 2.5 | 3.4 | 2.6 | 2.9 | 2.9 | 3.8 | 4 | 4.3 | 4.6 | 5.2 | 4.4 | 4.1 | 4.1 | 4.6 | 4.3 | 3.9 | 2.9 | 2.9 | 2.7 | 3.1 | 3.2 | 3.2 | 2.9 | 3 | 3 | 3.3 | 3.1 | 3.6 | 2.5 |
| Depreciation | 1.9 | 1.9 | 2 | 2 | 2 | 2.1 | 2 | 2.1 | 4.8 | 4.4 | 5.1 | 4.5 | 4.5 | 4.5 | 4.5 | 4.3 | 4 | 4.1 | 4.2 | 4.1 | 4 | 12.9 | 13.1 | 13.2 | 13.1 | 13.3 | 13.3 | 16.2 | 10.2 |
| Profit before tax | −1.9 | 2.2 | −8.7 | 13.6 | −2.1 | 9.6 | 10 | 15.6 | 2.2 | 9.4 | 0.5 | 0.2 | 2.6 | −1.5 | 1.4 | −4.9 | −7.4 | 3.6 | 16.3 | 12.6 | 1.2 | −2.5 | 1.6 | 1.5 | −33.6 | −16.2 | −2.4 | −11.2 | −9.8 |
| Tax | 0.1 | 1.3 | −1.4 | 4.1 | 0.3 | 3.4 | 3.4 | 4.8 | 1.5 | 3.4 | 1.1 | 0.9 | 1.6 | 0.6 | 1.2 | −0.3 | −1 | 1.8 | 5.1 | 4.3 | 1.3 | 15.5 | 1.4 | 1.3 | −7.6 | −3.2 | −0.3 | −2.5 | −0.5 |
| Net profit | −1.9 | 0.9 | −7.3 | 9.5 | −2.3 | 6.2 | 6.6 | 10.8 | 0.7 | 6.1 | −0.6 | −0.8 | 1 | −2.1 | 0.3 | −4.6 | −6.4 | 1.8 | 11.1 | 8.3 | −0.1 | −18 | 0.2 | 0.2 | −26 | −13 | −2.2 | −8.7 | −9.2 |
| Net margin | -1.6% | 0.8% | -5.7% | 7.2% | -2.1% | 5.4% | 6.0% | 9.4% | 0.7% | 5.1% | -0.5% | -0.8% | 1.1% | -2.3% | 0.3% | -5.3% | -8.1% | 2.0% | 12.9% | 10.0% | -0.2% | -26.4% | 0.2% | 0.3% | -71.4% | -21.1% | -3.0% | -13.8% | -14.7% |
| EPS (₹) | -0.33 | 0.15 | -1.25 | 1.64 | -0.40 | 1.07 | 1.13 | 1.86 | 0.12 | 1.04 | -0.10 | -0.13 | 0.18 | -0.36 | 0.04 | -0.78 | -1.11 | 0.30 | 1.91 | 1.43 | -0.02 | -3.09 | 0.03 | 0.03 | -4.46 | -2.22 | -0.37 | -1.49 | -1.59 |
| Net profit YoY | +17.2% | −85.5% | −210.5% | −11.9% | −437.7% | +2.6% | +1298.2% | +1522.4% | −32.4% | +385.8% | −311.5% | +83.3% | +115.8% | −219.8% | −97.7% | −154.8% | −4500.0% | +109.8% | +7326.7% | +4050.0% | +99.5% | −38.9% | +107.0% | +102.3% | −181.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 489 | 443 | 415 | 349 | 324 | 249 | 259 |
| Other income | 4.7 | 7.3 | 2.7 | 5.5 | 8.9 | 5 | 1.8 |
| Total expenses | 473 | 413 | 405 | 367 | 299 | 287 | 300 |
| EBITDA | 35.9 | 57.8 | 46 | 15.1 | 53 | 26.3 | 24 |
| EBITDA margin | 7.3% | 13.0% | 11.1% | 4.3% | 16.3% | 10.6% | 9.3% |
| Finance costs | 11.8 | 16.7 | 17.5 | 15.6 | 11.9 | 12.1 | 12.4 |
| Depreciation | 7.9 | 11 | 18.5 | 17.3 | 16.4 | 52.2 | 52.9 |
| Profit before tax | 5.1 | 37.4 | 12.7 | −12.4 | 33.6 | −33 | −39.5 |
| Tax | 4.2 | 13.1 | 7 | 0.5 | 12.5 | 10.6 | −6.5 |
| Net profit | 0.8 | 24.3 | 5.7 | −12.9 | 21.1 | −43.6 | −33 |
| Net margin | 0.2% | 5.5% | 1.4% | -3.7% | 6.5% | -17.5% | -12.7% |
| EPS (₹) | 0.14 | 4.18 | 0.99 | -2.21 | 3.62 | -7.49 | -5.67 |
| Net profit YoY | −96.7% | +323.5% | +144.7% | −161.0% | +148.3% | −32.0% | – |
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 | 37.3 | 77.3 | 22.6 | 24.6 | 38.9 |
| Investing cash flow | −4.5 | −18.5 | −2.5 | 30.4 | −21.7 |
| Financing cash flow | −24.7 | −62.7 | −17.9 | −54.8 | −35.5 |
| Capital expenditure | 0.7 | 8.8 | 10 | 3 | 2.4 |
| Free cash flow (CFO − capex) | 36.6 | 68.5 | 12.6 | 21.6 | 36.5 |
Net profit trend
annual, ₹ croreFY21
₹−43.6
FY22
₹21.1+148%
FY23
₹−12.9−161%
FY24
₹5.7+145%
FY25
₹24.3+324%
FY26
₹0.8−97%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 3 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 3 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 19 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 19 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 28 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 28 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 4 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 4 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 25 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 25 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 63.0×115.0×
P/B5Y avg 28.77×3.77×
ROEFY26, on average equity2.5%
Net margin0.2%
Debt / equity0.89×
Revenue CAGR (3Y)11.8%
Profit CAGR (3Y)–
EPS (TTM)₹0.21
Market cap₹139 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.77×
vs 8-point avg 28.77× (−87%)
3.46× low28.77× avg108.30× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹253 Cr+12%
Net worth₹37 Cr+35%
Total borrowings₹33 Cr−26%
Cash & bank balances₹10 Cr+467%
Investments₹34 Cr+19%
Inventories₹0 Cr
Trade receivables₹90 Cr+11%
Trade payables₹46 Cr+52%
Change vs the same date a year earlier.