Quarterly results
standalone · 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 | 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 | 560 | 496 | 500 | 910 | 460 | 475 | 454 | 495 | 504 | 484 | 494 | 437 | 519 | 533 | 612 | 598 | 569 | 519 | 441 | 429 | 411 | 314 | 285 | 206 | 375 | 400 | 373 | 354 |
| Other income | 0.2 | 13.8 | 0.8 | 6.5 | 1.6 | 1.8 | 1.5 | 0.6 | 0.7 | 1.8 | 0.8 | 0.2 | 0.5 | 1 | 0.4 | 0.4 | 0.4 | 0.6 | 0.4 | 0.3 | 1.2 | 1.9 | 1 | 0.1 | 0.7 | 6.8 | 6.3 | 3.3 |
| Total expenses | 507 | 464 | 472 | 897 | 452 | 473 | 454 | 486 | 487 | 451 | 442 | 415 | 517 | 549 | 578 | 527 | 515 | 488 | 411 | 385 | 383 | 310 | 280 | 217 | 392 | 376 | 375 | 354 |
| EBITDA | 82.9 | 62.2 | 60 | 73.9 | 37.7 | 31.1 | 29.2 | 37.3 | 44 | 70 | 81 | 51.9 | 33.5 | 18.9 | 65 | 104 | 94.9 | 70.9 | 67 | 81.2 | 67.6 | 44.5 | 46.9 | 34.4 | 42.4 | 67 | 42.1 | 43.7 |
| EBITDA margin | 14.8% | 12.5% | 12.0% | 8.1% | 8.2% | 6.6% | 6.4% | 7.5% | 8.7% | 14.5% | 16.4% | 11.9% | 6.5% | 3.6% | 10.6% | 17.4% | 16.7% | 13.7% | 15.2% | 18.9% | 16.4% | 14.2% | 16.4% | 16.7% | 11.3% | 16.8% | 11.3% | 12.3% |
| Finance costs | 17 | 15.8 | 17.7 | 34.4 | 17.1 | 15.8 | 15.7 | 14.8 | 14.6 | 15.5 | 15.8 | 17.4 | 18.6 | 18.1 | 13.8 | 15.9 | 20.2 | 23.1 | 19.1 | 20 | 21.2 | 23.1 | 23.6 | 27.4 | 40.2 | 24.4 | 26.4 | 26.4 |
| Depreciation | 12.9 | 13.9 | 14.1 | 26.7 | 12.9 | 13.1 | 13.2 | 12.9 | 12.6 | 20.9 | 13.2 | 12.5 | 13.6 | 17.3 | 16.7 | 16.5 | 21 | 17.6 | 17.7 | 17.6 | 17.8 | 18.2 | 18.2 | 17.9 | 19.1 | 18.2 | 17.8 | 17.5 |
| Profit before tax | 53.3 | 47.5 | 26.5 | 19.4 | 9.4 | 4 | 1.8 | 10.1 | 17.5 | 35.4 | 52.8 | 22.2 | 1.8 | −15.5 | 34.9 | 71.8 | 48.1 | 30.9 | 30.5 | 43.9 | 102 | 5.1 | 6.1 | −10.8 | −43.2 | 31.3 | 4.2 | 3.2 |
| Tax | 14.7 | 16 | 9.5 | 6.5 | 3 | 0.1 | 0.1 | 2.5 | 4.7 | 8.2 | 13.4 | 5.8 | 0.5 | −4.2 | 9.8 | 17.8 | 11.4 | 7.6 | 7.6 | 11.9 | 55 | 2.1 | −2 | −3.5 | −12.2 | 12.8 | 3.1 | 2.2 |
| Net profit | 38.6 | 31.5 | 17 | 12.9 | 6.3 | 3.9 | 1.7 | 7.6 | 12.8 | 27.2 | 39.4 | 16.4 | 1.3 | −11.3 | 25 | 54 | 36.7 | 23.2 | 22.9 | 32 | 47.3 | 2.9 | 8.1 | −7.3 | −31.1 | 18.5 | 1.1 | 1 |
| Net margin | 6.9% | 6.3% | 3.4% | 1.4% | 1.4% | 0.8% | 0.4% | 1.5% | 2.5% | 5.6% | 8.0% | 3.8% | 0.3% | -2.1% | 4.1% | 9.0% | 6.4% | 4.5% | 5.2% | 7.5% | 11.5% | 0.9% | 2.9% | -3.5% | -8.3% | 4.6% | 0.3% | 0.3% |
| EPS (₹) | 6.21 | 5.01 | 2.47 | 1.86 | 0.84 | 0.45 | 0.08 | 1.05 | 1.91 | 4.29 | 6.30 | 2.51 | 0.02 | -2.07 | 3.94 | 8.72 | 5.86 | 3.64 | 3.58 | 5.09 | 7.81 | 0.48 | 1.34 | -1.20 | -5.13 | 3.06 | 0.18 | 0.17 |
| Net profit YoY | +511.9% | +703.6% | +899.4% | +69.8% | −50.7% | −85.6% | −95.7% | −53.7% | +862.4% | +341.3% | – | −34.5% | −97.5% | −130.7% | +9.3% | +68.8% | −22.4% | +692.5% | +181.8% | +539.4% | +252.3% | −84.2% | +645.9% | −820.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,907 | 1,928 | 1,994 | 2,308 | 1,958 | 1,216 | 1,515 |
| Other income | 21.1 | 4.5 | 3.3 | 2.5 | 1.7 | 4.2 | 3.8 |
| Total expenses | 1,834 | 1,899 | 1,885 | 2,217 | 1,800 | 1,190 | 1,497 |
| EBITDA | 196 | 142 | 236 | 222 | 314 | 193 | 209 |
| EBITDA margin | 10.3% | 7.4% | 11.9% | 9.6% | 16.0% | 15.9% | 13.8% |
| Finance costs | 67.9 | 61.2 | 67.2 | 63.4 | 82.4 | 95.3 | 117 |
| Depreciation | 54.7 | 51.7 | 60.3 | 67.6 | 73.9 | 72.1 | 72.5 |
| Profit before tax | 93.4 | 33.4 | 112 | 93.1 | 153 | 103 | −4.5 |
| Tax | 32 | 7.4 | 27.9 | 23.9 | 38.6 | 51.6 | 5.9 |
| Net profit | 61.4 | 26 | 84.3 | 69.2 | 115 | 51.1 | −10.5 |
| Net margin | 3.2% | 1.3% | 4.2% | 3.0% | 5.9% | 4.2% | -0.7% |
| EPS (₹) | 9.34 | 3.49 | 13.12 | 10.62 | 18.17 | 8.43 | -1.73 |
| Net profit YoY | +136.0% | −69.1% | +21.9% | −39.7% | +124.8% | +588.6% | – |
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 | 197 | 43.8 | 351 | 32.5 | 329 |
| Investing cash flow | −25.5 | −17 | −10.2 | −23.5 | −33.7 |
| Financing cash flow | −172 | −31.8 | −336 | −9 | −307 |
| Capital expenditure | 29.6 | 20.5 | 19.8 | 26.2 | 35 |
| Free cash flow (CFO − capex) | 168 | 23.3 | 332 | 6.3 | 294 |
Net profit trend
annual, ₹ croreFY21
₹51.1
FY22
₹115+125%
FY23
₹69.2−40%
FY24
₹84.3+22%
FY25
₹26−69%
FY26
₹61.4+136%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 22 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF XBRL |
| Q2 FY26 | Standalone | 31 Oct 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 29 Jul 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 21 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 13 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 8 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 9 Aug 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 10.8×6.8×
P/B5Y avg 0.95×1.18×
ROEFY26, on average equity9.8%
Net margin3.2%
Debt / equity1.42×
Revenue CAGR (3Y)-6.2%
Profit CAGR (3Y)-3.9%
EPS (TTM)₹16.53
Market cap₹677 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.18×
vs 8-point avg 0.95× (+24%)
0.60× low0.95× avg1.38× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,822 Cr+0%
Net worth₹575 Cr−15%
Total borrowings₹817 Cr+6%
Cash & bank balances₹0 Cr+40%
Investments₹39 Cr−34%
Inventories₹388 Cr+5%
Trade receivables₹274 Cr+8%
Trade payables₹196 Cr+36%
Change vs the same date a year earlier.