Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 252 | 266 | 225 | 290 | 275 | 207 | 172 | 229 | 220 | 126 | 151 | 202 | 201 | 198 | 218 | 251 | 218 | 177 | 190 | 178 | 170 |
| Other income | 4 | 4.1 | 3.2 | 4.8 | 8.9 | 3.3 | 2.7 | 5.4 | 3.7 | 3.6 | 4 | 4.1 | 3.3 | 2.9 | 4.6 | 2.4 | 3.3 | 4.2 | 1.3 | 3.9 | 3.8 |
| Total expenses | 225 | 233 | 195 | 248 | 237 | 182 | 152 | 201 | 197 | 128 | 122 | 180 | 184 | 161 | 176 | 203 | 167 | 142 | 132 | 126 | 118 |
| EBITDA | 35.5 | 41.8 | 37.7 | 48.8 | 45.2 | 31.7 | 26.6 | 33.5 | 28.1 | 3.8 | 33.1 | 27 | 22.7 | 42.1 | 46.5 | 52.5 | 55.7 | 42.5 | 61.2 | 54.8 | 55.3 |
| EBITDA margin | 14.1% | 15.7% | 16.7% | 16.8% | 16.4% | 15.3% | 15.4% | 14.7% | 12.8% | 3.0% | 21.9% | 13.4% | 11.3% | 21.3% | 21.4% | 21.0% | 25.5% | 24.0% | 32.2% | 30.7% | 32.4% |
| Finance costs | 2.8 | 2.9 | 1.4 | 1.2 | 1.9 | 1.4 | 1.3 | 0.9 | 1.1 | 1.4 | 0.7 | 0.9 | 1.3 | 1.5 | 1.8 | 2 | 1.9 | 4.1 | 1.2 | 0.4 | 1.1 |
| Depreciation | 5.9 | 5.2 | 5.5 | 5.4 | 5.2 | 4.7 | 4.7 | 4.5 | 4.2 | 4 | 3.9 | 3.7 | 3.5 | 3 | 3.1 | 2.8 | 2.5 | 2.6 | 2.3 | 1.9 | 1.8 |
| Profit before tax | 30.9 | 37.9 | 33.9 | 47 | 47.1 | 28.9 | 23.2 | 33.6 | 26.7 | 2 | 32.5 | 26.5 | 21.1 | 40.5 | 46.3 | 50.1 | 54.6 | 40 | 59.1 | 56.4 | 56.2 |
| Tax | 8.1 | 7.3 | 11.2 | 15.4 | 12.2 | 7.1 | 7.1 | 7.7 | 7.2 | 1 | 8.5 | 7 | 5.7 | 10.5 | 11.5 | 12.9 | 13.5 | 9.3 | 15.9 | 14.3 | 14.2 |
| Net profit | 22.8 | 30.6 | 22.7 | 31.6 | 34.9 | 21.8 | 16.1 | 25.9 | 19.5 | 1.1 | 24 | 19.5 | 15.5 | 30 | 34.8 | 37.2 | 41.1 | 30.7 | 43.2 | 42.1 | 42 |
| Net margin | 9.0% | 11.5% | 10.1% | 10.9% | 12.7% | 10.5% | 9.3% | 11.3% | 8.8% | 0.8% | 15.9% | 9.7% | 7.7% | 15.1% | 16.0% | 14.8% | 18.8% | 17.3% | 22.7% | 23.6% | 24.7% |
| EPS (₹) | 1.98 | 2.66 | 1.97 | 2.74 | 3.03 | 1.89 | 1.40 | 2.25 | 1.69 | 0.09 | 2.09 | 1.70 | 1.35 | 2.67 | 3.02 | 3.23 | 3.56 | 2.61 | 3.75 | 3.66 | 3.76 |
| Net profit YoY | −34.8% | +40.6% | +41.2% | +22.0% | +79.2% | +1953.8% | −33.0% | +32.8% | +26.1% | −96.5% | −31.1% | −47.6% | −62.4% | −2.2% | −19.4% | −11.6% | −2.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 1,057 | 829 | 680 | 885 | 716 |
| Other income | 21 | 14.8 | 15.1 | 13.2 | 13.2 |
| Total expenses | 913 | 732 | 613 | 707 | 518 |
| EBITDA | 174 | 120 | 86.6 | 197 | 214 |
| EBITDA margin | 16.4% | 14.4% | 12.7% | 22.3% | 29.9% |
| Finance costs | 7.4 | 4.8 | 4.4 | 7.2 | 6.9 |
| Depreciation | 21.3 | 18.2 | 15.1 | 11.4 | 8.5 |
| Profit before tax | 166 | 111 | 82.3 | 192 | 212 |
| Tax | 46 | 29.2 | 22.1 | 48.4 | 53.6 |
| Net profit | 120 | 82.2 | 60.2 | 143 | 158 |
| Net margin | 11.3% | 9.9% | 8.8% | 16.2% | 22.1% |
| EPS (₹) | 10.40 | 7.14 | 5.24 | 12.46 | 13.78 |
| Net profit YoY | +45.8% | +36.6% | −58.0% | −9.3% | – |
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 | 61.5 | 2.7 | 114 | 45.4 | 75.8 |
| Investing cash flow | −82.8 | 0.7 | −120 | −24.3 | −133 |
| Financing cash flow | 36.2 | 19.2 | 3.3 | −24.8 | 71.1 |
| Capital expenditure | 91.4 | 64.2 | 77.1 | 76 | 82 |
| Free cash flow (CFO − capex) | −29.8 | −61.4 | 36.9 | −30.6 | −6.2 |
Net profit trend
annual, ₹ croreFY22
₹158
FY23
₹143−9%
FY24
₹60.2−58%
FY25
₹82.2+37%
FY26
₹120+46%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 1 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 1 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 23 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 23 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 | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 21.6×14.3×
P/B5Y avg 2.91×1.53×
ROEFY26, on average equity12.6%
Net margin11.3%
Debt / equity0.11×
Revenue CAGR (3Y)6.1%
Profit CAGR (3Y)-5.8%
EPS (TTM)₹9.35
Market cap₹1,543 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.53×
vs 8-point avg 2.91× (−47%)
1.43× low2.91× avg4.65× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,337 Cr+17%
Net worth₹1,010 Cr+12%
Total borrowings₹107 Cr+107%
Cash & bank balances₹27 Cr−17%
Investments₹19 Cr+23%
Inventories₹287 Cr+18%
Trade receivables₹360 Cr+5%
Trade payables₹138 Cr+15%
Change vs the same date a year earlier.