Quarterly results
standalone · as filed with NSE · Q4 FY26 back to Q4 FY21
| ₹ crore | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 111 | 80.6 | 616 | 52 | 107 | 93.3 | 51.4 | 50.5 | 140 | 59 | 37.2 | 52.8 | 86.8 | 62.1 | 53.5 | 70.1 | 102 | 55.7 | 50.4 | 52.5 | 55.5 |
| Other income | 1.8 | 0.4 | 20.5 | 0.4 | 6.9 | 0.6 | 0.4 | 0.4 | 0.7 | 0.8 | 2.7 | 0.7 | 0.6 | 0.3 | 0.3 | 0.2 | 0.5 | 0.7 | 0.5 | 0.6 | 0.4 |
| Total expenses | 109 | 76.7 | 610 | 48.9 | 104 | 90.9 | 48.8 | 48.4 | 137 | 56.8 | 36.7 | 51.2 | 79.6 | 58.1 | 50.1 | 66 | 93.7 | 53.2 | 48.1 | 50.2 | 47.1 |
| EBITDA | 7.5 | 9.9 | 82.9 | 8.6 | 11.2 | 8.1 | 9.2 | 7.9 | 7.5 | 6.9 | 5.8 | 7.9 | 15.7 | 9.8 | 8.5 | 7.4 | 12.2 | 6.1 | 6 | 6.3 | 12.1 |
| EBITDA margin | 6.8% | 12.3% | 13.5% | 16.5% | 10.5% | 8.7% | 17.8% | 15.5% | 5.3% | 11.6% | 15.6% | 14.9% | 18.1% | 15.8% | 16.0% | 10.6% | 12.0% | 11.0% | 12.0% | 12.0% | 21.8% |
| Finance costs | 2 | 2.6 | 42.3 | 2.1 | 3.2 | 2.5 | 4.2 | 3.4 | 1.3 | 2.1 | 2.8 | 3.7 | 5.7 | 2.4 | 1.9 | 1.5 | 2 | 1.7 | 1.9 | 1.7 | 1.8 |
| Depreciation | 3.5 | 3.5 | 34.8 | 3.5 | 4.8 | 3.2 | 2.4 | 2.3 | 3.1 | 2.6 | 2.5 | 2.6 | 2.7 | 3.4 | 3.3 | 1.9 | 2.2 | 2 | 1.8 | 2.2 | 2 |
| Profit before tax | 3.8 | 4.3 | 26.3 | 3.5 | 10.1 | 3 | 3 | 2.6 | 3.8 | 2.9 | 3.2 | 2.3 | 7.8 | 4.3 | 3.6 | 4.3 | 8.6 | 3.1 | 2.8 | 2.9 | 8.8 |
| Tax | 2 | 1.8 | 4.7 | 1.5 | 3.8 | 1.2 | 0.9 | 0.6 | −0.6 | 0.5 | −0 | 0.2 | 2 | 1.1 | 0.6 | 1.1 | 1.9 | 1.1 | 0.1 | 0.4 | 2 |
| Net profit | 1.9 | 2.5 | 21.5 | 2 | 6.2 | 1.8 | 2.1 | 2 | 4.3 | 2.5 | 3.2 | 2.1 | 5.9 | 3.2 | 3.1 | 3.2 | 6.6 | 2 | 2.7 | 2.6 | 6.7 |
| Net margin | 1.7% | 3.0% | 3.5% | 3.9% | 5.8% | 2.0% | 4.2% | 3.9% | 3.1% | 4.2% | 8.6% | 3.9% | 6.8% | 5.1% | 5.8% | 4.5% | 6.5% | 3.7% | 5.3% | 4.9% | 12.1% |
| EPS (₹) | 0.34 | 0.43 | 0.38 | 0.35 | 1.07 | 0.53 | 0.41 | 0.37 | 0.84 | 0.47 | 0.60 | 0.39 | 1.12 | 0.75 | 0.73 | 0.75 | 1.71 | 0.49 | 0.63 | 0.61 | 1.60 |
| Net profit YoY | −69.5% | +34.9% | +902.5% | +2.3% | +43.3% | −27.1% | −33.2% | −5.1% | −26.6% | −21.4% | +4.5% | −34.7% | −11.3% | +55.6% | +15.8% | +22.7% | −1.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 305 | 302 | 289 | 273 | 260 | 131 |
| Other income | 4.7 | 8.3 | 3.9 | 1.4 | 2.2 | 1.2 |
| Total expenses | 296 | 292 | 282 | 254 | 245 | 128 |
| EBITDA | 34.3 | 36.3 | 28 | 41.5 | 30.7 | 17.1 |
| EBITDA margin | 11.2% | 12.0% | 9.7% | 15.2% | 11.8% | 13.1% |
| Finance costs | 10.9 | 13.3 | 9.9 | 11.4 | 7.3 | 6 |
| Depreciation | 13.9 | 12.7 | 10.8 | 11.4 | 8.2 | 8 |
| Profit before tax | 14.2 | 18.7 | 11.3 | 20 | 17.4 | 4.2 |
| Tax | 5.7 | 6.5 | 0.1 | 4.7 | 3.5 | 1.4 |
| Net profit | 8.5 | 12.1 | 11.1 | 15.3 | 13.9 | 2.8 |
| Net margin | 2.8% | 4.0% | 3.9% | 5.6% | 5.3% | 2.1% |
| EPS (₹) | 1.50 | 1.63 | 2.12 | 3.58 | 3.31 | 0.66 |
| Net profit YoY | −29.9% | +8.9% | −27.2% | +10.0% | +400.3% | – |
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 | 23.6 | 14.9 | 5.5 | 11 | 15 |
| Investing cash flow | −13.7 | 5.3 | −7.1 | −37.5 | −18.9 |
| Financing cash flow | −9.8 | −15.5 | −1.5 | 35.8 | 0.5 |
| Capital expenditure | 12.7 | 9.9 | 4.7 | 21.3 | 20 |
| Free cash flow (CFO − capex) | 10.9 | 5 | 0.9 | −10.2 | −5 |
Net profit trend
annual, ₹ croreFY21
₹2.8
FY22
₹13.9+400%
FY23
₹15.3+10%
FY24
₹11.1−27%
FY25
₹12.1+9%
FY26
₹8.5−30%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q4 FY26 | Consolidated · audited | 25 Jun 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 25 Jun 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 14 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 14 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 20.2×7.8×
P/B5Y avg 0.78×0.74×
ROEFY26, on average equity2.9%
Net margin2.8%
Debt / equity0.21×
Revenue CAGR (3Y)3.9%
Profit CAGR (3Y)-17.8%
EPS (TTM)₹4.90
Market cap₹218 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.74×
vs 8-point avg 0.78× (−5%)
0.09× low0.78× avg1.24× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹518 Cr+13%
Net worth₹293 Cr+3%
Total borrowings₹62 Cr−8%
Cash & bank balances₹4 Cr−4%
Investments₹0 Cr+0%
Inventories₹78 Cr−0%
Trade receivables₹198 Cr+64%
Trade payables₹114 Cr+66%
Change vs the same date a year earlier.
Revenue mix FY26
Construction to Services76.2%result ₹24.1 Cr
Trading Material23.8%result ₹1 Cr
Segment revenue as reported, before inter-segment eliminations.