Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY25
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 359 | 427 | 250 | 227 | 241 | 393 | 247 | 213 |
| Other income | 6 | 11.6 | 8.5 | 14 | 8.3 | 10.8 | 5.3 | 8.5 |
| Total expenses | 307 | 368 | 200 | 175 | 187 | 304 | 204 | 172 |
| EBITDA | 75.7 | 79.9 | 67.7 | 64.9 | 64.2 | 99.4 | 53.9 | 55.6 |
| EBITDA margin | 21.1% | 18.7% | 27.1% | 28.6% | 26.7% | 25.3% | 21.8% | 26.1% |
| Finance costs | 14.5 | 11.6 | 10 | 7.4 | 7 | 8.1 | 8.4 | 12.2 |
| Depreciation | 8.7 | 8.6 | 8 | 5 | 3.2 | 2.7 | 2.5 | 2.2 |
| Profit before tax | 58.5 | 71.1 | 58.3 | 63.1 | 57.2 | 99.4 | 48.3 | 49.7 |
| Tax | 13.3 | 16.8 | 16.1 | 13.6 | 14.8 | 25.3 | 11.6 | 13.4 |
| Net profit | 45.2 | 54.3 | 42.1 | 49.5 | 42.5 | 74.1 | 36.7 | 36.4 |
| Net margin | 12.6% | 12.7% | 16.8% | 21.8% | 17.6% | 18.9% | 14.8% | 17.1% |
| EPS (₹) | 2.27 | 2.96 | 2.30 | 2.78 | 2.39 | 4.89 | 2.59 | 2.60 |
| Net profit YoY | +6.4% | −26.7% | +14.7% | +36.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 |
|---|---|---|
| Revenue from operations | 1,146 | 1,066 |
| Other income | 42.4 | 19.4 |
| Total expenses | 930 | 845 |
| EBITDA | 277 | 268 |
| EBITDA margin | 24.2% | 25.1% |
| Finance costs | 36 | 37.2 |
| Depreciation | 24.8 | 9.4 |
| Profit before tax | 250 | 241 |
| Tax | 61.2 | 63.4 |
| Net profit | 188 | 177 |
| Net margin | 16.4% | 16.6% |
| EPS (₹) | 10.42 | 11.76 |
| Net profit YoY | +6.3% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 |
|---|---|---|
| Operating cash flow | −63.1 | −46.6 |
| Investing cash flow | −122 | −263 |
| Financing cash flow | 74.7 | 471 |
| Capital expenditure | 182 | 46.6 |
| Free cash flow (CFO − capex) | −245 | −93.2 |
Net profit trend
annual, ₹ croreFY25
₹177
FY26
₹188+6%
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 | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 9 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 9 Feb 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 | 11 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 17.5×18.3×
P/B5Y avg 3.22×2.83×
ROEFY26, on average equity16.9%
Net margin16.4%
Debt / equity0.34×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹10.89
Market cap₹3,490 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.83×
vs 3-point avg 3.22× (−12%)
2.00× low3.22× avg3.92× high
History points are balance-sheet dates (2025 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,042 Cr+36%
Net worth₹1,233 Cr+24%
Total borrowings₹422 Cr+80%
Cash & bank balances₹52 Cr−68%
Investments₹67 Cr+610%
Inventories₹33 Cr−21%
Trade receivables₹165 Cr−20%
Trade payables₹241 Cr+44%
Change vs the same date a year earlier.
Revenue mix FY26
EPC & O&M (water and waste water treatment)99.1%result ₹252 Cr
Renewable Energy0.9%result ₹0.1 Cr
Segment revenue as reported, before inter-segment eliminations.