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Quarterly results

consolidated · 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	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	Q1 FY20
Revenue from operations	414	404	402	391	372	355	354	348	331	315	305	295	282	269	251	241	225	201	188	182	182	180	174	163	153	170	165	157	147
Other income	107	−33.9	135	10.2	92.4	109	44.9	65.5	53.2	77.2	41.7	34.6	57.1	30.7	102	46.6	1	29.5	21.9	31.4	29.4	10.4	24.6	17.9	33.7	17.2	16.6	20.5	14.3
Total expenses	275	279	275	269	247	235	226	223	222	241	230	225	214	213	192	184	168	148	114	103	97.6	99.3	91.2	87.7	86	125	128	126	115
EBITDA	147	133	134	130	134	130	138	135	120	88.4	85.7	80	77.3	66.1	70.2	67.2	64.2	57.2	78.8	83.2	88.6	85.4	87.8	81.7	73.3	52.3	43.6	36.3	36.7
EBITDA margin	35.4%	32.8%	33.4%	33.2%	35.9%	36.7%	39.0%	38.7%	36.1%	28.1%	28.1%	27.1%	27.4%	24.6%	27.9%	27.9%	28.6%	28.4%	41.9%	45.6%	48.8%	47.5%	50.6%	50.1%	47.9%	30.7%	26.4%	23.2%	24.9%
Finance costs	0.5	0.6	0.7	0.7	1	1.7	1.8	1.9	2	2.2	2.2	2.3	2.2	2.1	2.2	2.6	1.2	1.3	1.3	1.4	1.4	1.5	1.6	1.8	1.8	1.7	0.5	0.7	0.4
Depreciation	6.4	7	7.3	7.2	6.9	8.3	8.3	8.2	8.1	12.7	8.4	8	7.4	8.6	8.6	7.6	6.3	2.9	3	2.8	3.2	3.5	3.8	4.4	4.4	5.9	5.8	5	4.4
Profit before tax	246	91.1	262	132	218	229	173	190	163	151	117	104	123	86.1	162	104	57.7	82.5	96.4	110	113	90.8	107	93.4	101	61.9	53.9	51.1	46.2
Tax	59.5	28.2	58.7	35.9	50.4	37.5	38	42.2	37.4	39.5	27.7	23.9	29.3	19.8	39.4	24.3	4	19.3	23.1	26.4	24	33.5	26.3	23.4	26.3	16.9	−8.8	42.2	13.8
Net profit	172	50.2	188	82.7	154	181	121	135	114	99.6	81.9	69.4	83.1	55.8	113	68.4	46.7	57.4	70.2	82.2	87.9	55.7	80.2	69.8	74.1	44.3	62	8.7	32.4
Net margin	41.6%	12.4%	46.9%	21.2%	41.3%	50.9%	34.2%	38.9%	34.4%	31.6%	26.8%	23.5%	29.5%	20.8%	44.9%	28.4%	20.8%	28.5%	37.3%	45.1%	48.4%	31.0%	46.2%	42.8%	48.4%	26.0%	37.6%	5.6%	22.0%
EPS (₹)	28.66	8.36	31.37	13.77	25.59	30.14	20.18	22.54	19.00	16.62	13.66	11.36	13.60	18.30	36.92	22.45	15.29	18.78	23.03	27.06	28.99	18.80	27.61	24.18	25.63	15.32	21.45	3.01	11.29
Net profit YoY	+12.2%	−72.2%	+55.6%	−38.8%	+34.6%	+81.3%	+47.7%	+94.7%	+37.2%	+78.5%	−27.4%	+1.5%	+77.9%	−2.8%	+60.7%	−16.8%	−46.9%	+3.1%	−12.5%	+17.8%	+18.6%	+25.7%	+29.4%	+702.3%	+128.7%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20
Revenue from operations	1,569	1,388	1,197	985	754	670	639
Other income	204	272	211	181	112	86.6	68.6
Total expenses	1,070	906	911	757	463	364	494
EBITDA	530	523	331	268	308	328	169
EBITDA margin	33.8%	37.7%	27.7%	27.2%	40.8%	49.0%	26.4%
Finance costs	3	7.4	8.9	8.1	5.4	6.7	3.3
Depreciation	28.4	32.9	36.5	31.1	11.9	16.1	21.1
Profit before tax	703	755	495	409	403	392	213
Tax	173	155	120	87.5	92.9	110	64.1
Net profit	475	551	334	284	298	280	147
Net margin	30.3%	39.7%	27.9%	28.8%	39.5%	41.8%	23.1%
EPS (₹)	79.07	91.84	55.18	92.96	97.82	96.15	51.14
Net profit YoY	−13.8%	+64.9%	+17.7%	−4.6%	+6.4%	+89.8%	–

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	694	623	559	476	402
Investing cash flow	−347	−486	162	−324	−335
Financing cash flow	−340	−148	−695	−143	−57.5
Capital expenditure	7	7.9	14.7	17.2	2
Free cash flow (CFO − capex)	687	615	545	459	400

Net profit trend

annual, ₹ crore

FY21

₹280

FY22

₹298+6%

FY23

₹284−5%

FY24

₹334+18%

FY25

₹551+65%

FY26

₹475−14%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated · audited	21 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone · audited	21 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	30 Apr 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	30 Apr 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q3 FY26	Consolidated · audited	20 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone · audited	20 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated · audited	17 Oct 2025	PDF on NSE XBRL
Q2 FY26	Standalone · audited	17 Oct 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2617.66 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19

Key ratios

P/E (TTM)5Y avg 37.1×20.0×

P/B5Y avg 7.69×4.11×

ROEFY26, on average equity20.7%

Net margin30.3%

Debt / equity0.00×

Revenue CAGR (3Y)16.8%

Profit CAGR (3Y)18.7%

EPS (TTM)₹82.10

Market cap₹9,869 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

4.11×

vs 8-point avg 7.69× (−47%)

4.11× low7.69× avg11.19× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹4,625 Cr+12%

Net worth₹2,400 Cr+10%

Total borrowings₹0 Cr

Cash & bank balances₹80 Cr+9%

Investments₹3,437 Cr−0%

Inventories₹0 Cr

Trade receivables₹6 Cr+38%

Trade payables₹32 Cr+19%

Change vs the same date a year earlier.

Revenue mix FY26

Web and related services92.0%result ₹533 Cr

Accounting Software services8.0%result ₹−2.8 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	49.07	49.12	49.12	49.17	49.17	49.17	49.17	49.21	49.21	49.21	49.21	49.21
FII	19.92	19.17	18.27	21.53	19.22	18.95	21.06	23.86	23.37	23.07	24.16	27.34
DII	12.11	13.54	16.41	13.00	15.30	15.50	13.86	12.11	11.82	10.62	8.25	5.47
of which MF	10.44	11.85	14.64	11.61	13.64	–	–	–	–	–	–	–
Retail	16.10	15.45	14.19	14.38	14.40	14.51	14.11	12.08	12.86	12.65	13.18	12.83
Other public	2.78	2.71	1.96	1.90	1.88	1.83	1.71	2.70	2.69	4.40	5.12	5.04

1,55,473 shareholders · NSE shareholding pattern filings.