Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 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 | Q4 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 405 | 622 | 388 | 472 | 399 | 549 | 381 | 447 | 334 | 500 | 332 | 413 | 328 | 406 | 285 | 342 | 361 | 373 | 382 | 391 | 205 | 308 | 312 | 258 | 160 | 238 | 255 | 243 | 0 | 0 |
| Other income | 0.8 | 1.2 | 0.9 | 1.4 | 0.7 | 1.8 | 1.7 | 1.1 | 0.7 | 2.1 | 1.2 | 0.5 | 0.7 | 1.3 | 0.6 | 0.4 | 2.6 | 3.8 | 1.5 | 0.3 | 0.9 | 2.1 | 0.6 | 0.5 | 0.2 | 3.2 | 0.6 | 0.5 | 0 | 0 |
| Total expenses | 372 | 580 | 365 | 428 | 372 | 510 | 356 | 414 | 313 | 456 | 310 | 379 | 309 | 403 | 275 | 320 | 331 | 327 | 324 | 332 | 174 | 283 | 274 | 229 | 138 | 224 | 229 | 227 | 0 | 0 |
| EBITDA | 47.8 | 57.7 | 38.8 | 60.3 | 42.9 | 56.5 | 41.6 | 48.9 | 35.6 | 57.2 | 32.6 | 41.7 | 27.1 | 11.3 | 19.4 | 30.3 | 37.2 | 55.4 | 64.3 | 64.8 | 35.3 | 31.1 | 43.2 | 35.1 | 28.7 | 21 | 33.3 | 23.3 | 0 | 0 |
| EBITDA margin | 11.8% | 9.3% | 10.0% | 12.8% | 10.7% | 10.3% | 10.9% | 10.9% | 10.7% | 11.4% | 9.8% | 10.1% | 8.3% | 2.8% | 6.8% | 8.9% | 10.3% | 14.8% | 16.8% | 16.6% | 17.3% | 10.1% | 13.8% | 13.6% | 17.9% | 8.8% | 13.1% | 9.6% | – | – |
| Finance costs | 5.5 | 5.8 | 6.1 | 6.1 | 6.5 | 6.9 | 7.4 | 7.1 | 6.7 | 6.3 | 4.9 | 3.9 | 3.5 | 3.4 | 4 | 3.9 | 3 | 4.6 | 2 | 1.7 | 1.4 | 1.3 | 1.8 | 2.3 | 3.4 | 3.7 | 3.7 | 3.8 | 0 | 0 |
| Depreciation | 9.3 | 10.8 | 9.5 | 9.9 | 9.5 | 10.7 | 9.5 | 9 | 8.4 | 6.7 | 6.2 | 4.3 | 4.2 | 4.3 | 4.8 | 4.3 | 4.3 | 4.5 | 4.2 | 4 | 3.8 | 4.9 | 3.8 | 3.5 | 3.3 | 3.7 | 3.6 | 3.7 | 0 | 0 |
| Profit before tax | 34.9 | 42.6 | 25 | 46.3 | 28.4 | 41 | 27.1 | 34.2 | 21.2 | 46.3 | 22.7 | 33.4 | 20.1 | 4.9 | 11.2 | 22.5 | 32.5 | 50 | 59.6 | 59.4 | 31.1 | 27.1 | 38.3 | 29.9 | 22 | 16.8 | 26.6 | 16.4 | 0 | 0 |
| Tax | 8.6 | 9.6 | 7.4 | 11.5 | 6.6 | 11.2 | 7.1 | 7.8 | 5.5 | 12.7 | 4.9 | 8.5 | 4.2 | 1.5 | 2.5 | 4.6 | 4.7 | 12.9 | 15.2 | 15.1 | 7.9 | 7 | 9.9 | 7.6 | 5.6 | 3.5 | 7 | 2.7 | 0 | 0 |
| Net profit | 26.3 | 33 | 17.5 | 34.8 | 21.8 | 29.9 | 20 | 26.4 | 16 | 33.6 | 17.8 | 24.9 | 15.1 | 0.5 | 7.7 | 17.3 | 27 | 36.4 | 44.4 | 43.8 | 22.5 | 19.4 | 27.8 | 22 | 16.2 | 12 | 18.8 | 13.3 | 0 | 0 |
| Net margin | 6.5% | 5.3% | 4.5% | 7.4% | 5.5% | 5.4% | 5.2% | 5.9% | 4.8% | 6.7% | 5.4% | 6.0% | 4.6% | 0.1% | 2.7% | 5.1% | 7.5% | 9.8% | 11.6% | 11.2% | 11.0% | 6.3% | 8.9% | 8.5% | 10.1% | 5.0% | 7.4% | 5.5% | – | – |
| EPS (₹) | 4.59 | 5.74 | 3.24 | 6.20 | 3.76 | 5.16 | 3.52 | 4.67 | 2.70 | 5.83 | 3.12 | 4.38 | 2.56 | 0.10 | 1.36 | 3.05 | 4.75 | 6.42 | 7.82 | 7.72 | 3.97 | 3.41 | 4.90 | 3.88 | 2.85 | 2.15 | 3.32 | 2.35 | 0.00 | 0.00 |
| Net profit YoY | +20.4% | +10.6% | −12.1% | +31.6% | +36.2% | −11.1% | +12.3% | +6.2% | +5.8% | +7247.2% | +129.7% | +43.9% | −43.9% | −98.7% | −82.6% | −60.5% | +19.6% | +88.3% | +59.7% | +98.7% | +39.3% | +61.3% | +47.5% | +65.5% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,881 | 1,710 | 1,572 | 1,394 | 1,350 | 1,037 | 969 | 1,029 | 983 |
| Other income | 4.2 | 5.3 | 4.5 | 4.7 | 6.5 | 3.5 | 4.7 | 2.2 | 2 |
| Total expenses | 1,745 | 1,594 | 1,453 | 1,327 | 1,157 | 923 | 894 | 920 | 889 |
| EBITDA | 200 | 183 | 159 | 98.2 | 220 | 138 | 105 | 136 | 124 |
| EBITDA margin | 10.6% | 10.7% | 10.1% | 7.0% | 16.3% | 13.3% | 10.8% | 13.2% | 12.6% |
| Finance costs | 24.4 | 28.2 | 18.5 | 14.2 | 9.6 | 8.8 | 15.3 | 15.7 | 17.9 |
| Depreciation | 39.7 | 37.6 | 21.3 | 17.6 | 16.6 | 15.5 | 14.2 | 11.1 | 12.2 |
| Profit before tax | 142 | 124 | 123 | 71.1 | 200 | 117 | 79.8 | 111 | 95.8 |
| Tax | 35.1 | 31.6 | 30.4 | 13.2 | 51.2 | 30 | 20.3 | 35.8 | 31.8 |
| Net profit | 107 | 92.2 | 91.4 | 52.4 | 147 | 85.3 | 58.2 | 73.6 | 63.6 |
| Net margin | 5.7% | 5.4% | 5.8% | 3.8% | 10.9% | 8.2% | 6.0% | 7.2% | 6.5% |
| EPS (₹) | 18.94 | 16.05 | 15.90 | 9.26 | 25.93 | 15.04 | 10.11 | 12.98 | 11.53 |
| Net profit YoY | +16.1% | +0.9% | +74.2% | −64.3% | +72.4% | +46.5% | −20.9% | +15.7% | – |
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 | 139 | 73.8 | −25.6 | 141 | 0.3 |
| Investing cash flow | −44.4 | −53.5 | −80.1 | −57.6 | −61.9 |
| Financing cash flow | −94.6 | −22.1 | 108 | −78.5 | 54.7 |
| Capital expenditure | 43.3 | 56.3 | 78.3 | 55.4 | 57.6 |
| Free cash flow (CFO − capex) | 95.4 | 17.5 | −104 | 86.1 | −57.2 |
Net profit trend
annual, ₹ croreFY21
₹85.3
FY22
₹147+72%
FY23
₹52.4−64%
FY24
₹91.4+74%
FY25
₹92.2+1%
FY26
₹107+16%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 23 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 23 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 11 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 11 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 26.4×13.7×
P/B5Y avg 2.95×1.62×
ROEFY26, on average equity11.9%
Net margin5.7%
Debt / equity0.29×
Revenue CAGR (3Y)10.5%
Profit CAGR (3Y)26.9%
EPS (TTM)₹19.67
Market cap₹1,534 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.62×
vs 8-point avg 2.95× (−45%)
1.34× low2.95× avg4.05× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,545 Cr+5%
Net worth₹949 Cr+11%
Total borrowings₹277 Cr−16%
Cash & bank balances₹0 Cr−62%
Investments₹4 Cr+149%
Inventories₹507 Cr−7%
Trade receivables₹628 Cr+12%
Trade payables₹228 Cr+9%
Change vs the same date a year earlier.