Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6.3 | 4.2 | 11.1 | 20.7 | 10.3 | 2.8 | 8.1 | 15.1 | 6.8 | 3.9 | 9.2 | 11 | 5.9 | 3.6 | 9.6 | 16.7 | 7.6 | 5 | 11.5 | 17.8 | 8.7 | 4.1 | 9.9 | 12.4 | 4.9 | 3.5 | 9.8 | 11 | 0 |
| Other income | 0.5 | 0.4 | 0.5 | 0.3 | 0.3 | 0.7 | 0.4 | 0.3 | 0.4 | 0.8 | 0.3 | 0.3 | 0.3 | 1.2 | 0.7 | 0.6 | 2.1 | 0.6 | 0.6 | 0.7 | 0.6 | 0.4 | 0.7 | 0.6 | 0.6 | 1.8 | −0.2 | 0.1 | 0 |
| Total expenses | 8.6 | 9.5 | 9.9 | 9.8 | 9 | 10.8 | 8.9 | 9.1 | 7.8 | 9.4 | 8.1 | 8.6 | 8 | 8.3 | 9.3 | 9.8 | 9.3 | 9.7 | 9.7 | 9.5 | 9.9 | 10.6 | 11.6 | 11.3 | 10.2 | 11.1 | 10.9 | 12.6 | 0 |
| EBITDA | 2.1 | −0.2 | 6.2 | 15.4 | 6.2 | −3.1 | 4.2 | 11 | 4 | −1 | 6.4 | 7.7 | 3.1 | −0.7 | 6.8 | 13.8 | 5 | 0.9 | 9.1 | 15.6 | 6.1 | 0.9 | 5.6 | 8.3 | 1.9 | −1.2 | 6.9 | 5.5 | 0 |
| EBITDA margin | 33.2% | -4.5% | 55.3% | 74.5% | 59.9% | -109.3% | 51.9% | 72.8% | 59.2% | -25.3% | 69.3% | 70.2% | 53.1% | -21.1% | 70.4% | 82.4% | 66.0% | 17.4% | 79.1% | 88.0% | 70.5% | 21.1% | 56.8% | 67.3% | 37.8% | -34.3% | 70.5% | 49.8% | – |
| Finance costs | 2.2 | 3 | 2.7 | 2.3 | 2.4 | 2.4 | 2.4 | 2.4 | 2.4 | 1.9 | 2.6 | 2.7 | 2.7 | 1.4 | 3.9 | 4.3 | 4.2 | 3 | 4.7 | 4.8 | 4.8 | 4.8 | 4.7 | 4.7 | 4.6 | 3.7 | 5.4 | 4.5 | 0 |
| Depreciation | 2.2 | 2.1 | 2.2 | 2.2 | 2.6 | 2.5 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 0 |
| Profit before tax | −1.8 | −10.6 | 1.7 | 11.2 | 1.5 | −7.3 | −76.6 | 6.4 | −0.6 | −4.6 | 1.5 | 2.7 | −1.8 | −3.6 | 1 | 7.5 | 0.3 | −4.1 | 2.5 | 9 | −0.7 | −6.1 | −1 | 1.6 | −4.7 | −5.8 | −1.4 | −1.6 | 0 |
| Tax | 0 | 3.2 | 0.4 | 0.6 | −0.1 | 19.7 | −0.2 | −0.2 | −0.2 | 0.5 | −0.2 | −0.2 | −0.2 | 1.7 | −0.2 | −0.2 | −0.2 | −1.1 | −0.2 | −0.6 | 0.2 | −3.5 | −0.1 | −0.1 | −0.2 | −9.3 | −1.4 | −0.2 | 0 |
| Net profit | −1.8 | −13.8 | 1.3 | 10.6 | 1.6 | −27 | −76.4 | 6.6 | −0.5 | −5.1 | 1.6 | 2.9 | −1.6 | −5.3 | 1.2 | 7.7 | 0.5 | −3 | 2.6 | 9.5 | −0.8 | −2.6 | −0.9 | 1.7 | −4.6 | 3.5 | 1.6 | −3 | 0 |
| Net margin | -28.6% | -330.2% | 11.7% | 51.1% | 16.0% | -956.5% | -946.2% | 43.4% | -6.8% | -130.4% | 17.9% | 26.7% | -27.5% | -148.2% | 12.9% | 46.1% | 7.1% | -59.8% | 22.9% | 53.7% | -9.7% | -64.1% | -9.0% | 14.0% | -92.1% | 98.6% | 16.7% | -27.4% | – |
| EPS (₹) | -0.38 | -2.90 | 0.27 | 2.22 | 0.35 | -5.68 | -16.08 | 1.38 | -0.10 | -1.08 | 0.35 | 0.62 | -0.34 | -1.11 | 0.26 | 1.62 | 0.11 | -0.63 | 0.56 | 1.77 | -0.18 | -0.55 | -0.19 | 0.37 | -0.96 | 0.73 | 0.34 | -0.63 | 0.00 |
| Net profit YoY | −210.0% | +49.0% | +101.7% | +61.3% | +459.5% | −424.4% | −4748.1% | +122.7% | +71.6% | +2.3% | +32.1% | −61.8% | −398.3% | −75.9% | −53.0% | −19.4% | +164.5% | −14.9% | +394.9% | +449.8% | +81.6% | −174.7% | −155.2% | +157.6% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 46.3 | 32.8 | 30 | 37.4 | 43 | 31.3 | 29.9 | 59.9 |
| Other income | 1.5 | 1.8 | 1.7 | 4.6 | 2.5 | 2.2 | 2 | 2.1 |
| Total expenses | 38.2 | 36.6 | 34 | 36.8 | 39.9 | 43.8 | 46.3 | 72.1 |
| EBITDA | 27.5 | 16.1 | 16.2 | 24.8 | 30.6 | 16.7 | 12.4 | 20 |
| EBITDA margin | 59.5% | 49.2% | 54.1% | 66.2% | 71.2% | 53.3% | 41.4% | 33.4% |
| Finance costs | 10.4 | 9.6 | 9.9 | 13.8 | 17.2 | 18.8 | 18.3 | 20.5 |
| Depreciation | 9.1 | 10.3 | 10.3 | 10.3 | 10.3 | 10.4 | 10.5 | 11.7 |
| Profit before tax | 3.9 | −78.2 | −2.2 | 5.3 | 5.6 | −10.2 | −14.4 | −10.1 |
| Tax | 4.1 | 19.1 | −0.1 | 1.1 | −1.6 | −3.9 | −9.9 | 3 |
| Net profit | −0.2 | −97.3 | −2.2 | 4.2 | 7.2 | −6.3 | −4.5 | −13.1 |
| Net margin | -0.5% | -296.9% | -7.2% | 11.3% | 16.8% | -20.2% | -14.9% | -21.9% |
| EPS (₹) | -0.05 | -20.48 | -0.46 | 0.89 | 1.52 | -1.33 | -0.94 | -2.76 |
| Net profit YoY | +99.8% | −4386.1% | −151.5% | −41.8% | +214.5% | −41.3% | – | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 26.2 | 22 | 10.3 | 19 | 28.1 |
| Investing cash flow | 0.7 | −3.4 | −1.1 | −5.2 | −10.6 |
| Financing cash flow | −21 | −20.5 | −12.7 | −12.6 | −14.8 |
| Capital expenditure | 0.1 | 4.6 | 0 | 0 | 0.1 |
| Free cash flow (CFO − capex) | 26.1 | 17.4 | 10.3 | 19 | 28 |
Net profit trend
annual, ₹ croreFY21
₹−6.3
FY22
₹7.2+214%
FY23
₹4.2−42%
FY24
₹−2.2−151%
FY25
₹−97.3−4386%
FY26
₹−0.2+100%
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 | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 29 May 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 May 2026 | PDF XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 17.8×-19.6×
P/B5Y avg 5.77×18.54×
ROEFY26, on average equity-6.2%
Net margin-0.5%
Debt / equity35.16×
Revenue CAGR (3Y)7.3%
Profit CAGR (3Y)–
EPS (TTM)₹-0.78
Market cap₹72 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
18.54×
vs 8-point avg 5.77× (+221%)
0.72× low5.77× avg20.00× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹180 Cr−6%
Net worth₹4 Cr−2%
Total borrowings₹137 Cr−6%
Cash & bank balances₹6 Cr+1396%
Investments₹0 Cr
Inventories₹0 Cr−64%
Trade receivables₹4 Cr−48%
Trade payables₹14 Cr−3%
Change vs the same date a year earlier.
Revenue mix FY26
Generating division100.0%result ₹24.4 Cr
Segment revenue as reported, before inter-segment eliminations.