Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ crore | Q1 FY27 | 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 | Q3 FY19 | Q2 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,508 | 1,598 | 1,432 | 1,546 | 1,749 | 1,361 | 1,192 | 1,478 | 1,727 | 1,358 | 1,362 | 1,701 | 1,745 | 2,017 | 1,608 | 2,043 | 2,084 | 1,614 | 1,645 | 1,778 | 1,794 | 1,428 | 1,268 | 1,388 | 1,636 | 1,300 | 1,388 | 2,038 | 1,895 | 2,778 |
| Other income | 10 | 5.3 | 5.8 | 2 | 1.4 | 1.9 | 9.3 | 1.4 | −7.3 | 6.2 | 1.9 | 2.2 | 1.2 | 1.2 | 12.7 | 0.4 | 1.3 | 6 | 5.4 | 20.1 | 125 | 7 | −0.8 | 27.6 | −2.2 | −3.1 | 54.4 | 91.7 | 23.4 | −9.2 |
| Total expenses | 1,528 | 1,613 | 1,420 | 1,526 | 1,704 | 1,361 | 1,218 | 1,463 | 1,674 | 1,360 | 1,343 | 1,647 | 1,818 | 2,016 | 1,707 | 2,024 | 2,001 | 1,777 | 1,743 | 1,799 | 1,898 | 1,623 | 1,502 | 1,641 | 2,104 | 1,687 | 1,637 | 2,025 | 1,891 | 2,597 |
| EBITDA | 164 | 166 | 198 | 202 | 224 | 176 | 141 | 179 | 224 | 165 | 178 | 219 | 142 | 236 | 141 | 260 | 170 | 108 | 169 | 248 | 169 | 84.1 | 47.3 | 24.9 | −166 | −119 | 8.3 | 222 | 215 | 400 |
| EBITDA margin | 10.9% | 10.4% | 13.8% | 13.1% | 12.8% | 12.9% | 11.8% | 12.1% | 13.0% | 12.2% | 13.0% | 12.9% | 8.1% | 11.7% | 8.8% | 12.7% | 8.2% | 6.7% | 10.3% | 13.9% | 9.4% | 5.9% | 3.7% | 1.8% | -10.1% | -9.1% | 0.6% | 10.9% | 11.4% | 14.4% |
| Finance costs | 111 | 112 | 116 | 114 | 111 | 113 | 105 | 103 | 106 | 108 | 99.2 | 105 | 154 | 153 | 159 | 159 | 2.4 | 188 | 183 | 185 | 192 | 183 | 184 | 186 | 199 | 178 | 166 | 134 | 132 | 133 |
| Depreciation | 73.8 | 69.4 | 70.3 | 68 | 67.3 | 63.2 | 61.8 | 61 | 65 | 59.1 | 59.5 | 59 | 60.8 | 83 | 82.3 | 82.2 | 85.3 | 83.5 | 83.9 | 84.4 | 80.8 | 95.2 | 97.1 | 92.4 | 103 | 89.9 | 90.4 | 75.8 | 78.5 | 87 |
| Profit before tax | −10 | −48.9 | 17.8 | 22 | 46.6 | 1.3 | −16.8 | 16.1 | 45.3 | 4.2 | 20.8 | 56.6 | −78.1 | −3.9 | −103 | 16.7 | 401 | −126 | 148 | −1.4 | 22 | −186 | −235 | −226 | −470 | −390 | −194 | 104 | 28 | 171 |
| Tax | 8.1 | −1.4 | 2.5 | 9.7 | 18.4 | 2.7 | −3.6 | 3.3 | 7.8 | 2.3 | 8.4 | 18.1 | 10.5 | 11.9 | −13.2 | 22.4 | 122 | −54.3 | 39.9 | −14.8 | −41.9 | −62.7 | −63.3 | −67.1 | −146 | −105 | −60.3 | 13.3 | 9.6 | 80.3 |
| Net profit | −17.8 | −47.5 | 15.3 | 11.2 | 28.2 | −1.2 | −13.2 | 12.2 | −10.7 | 8.6 | 8.3 | 36.6 | 1,162 | −15.8 | −89.7 | −5.8 | 279 | −72 | 108 | 13.4 | 49.1 | −123 | −170 | −159 | −324 | −284 | −134 | 91.5 | 21.4 | 92.7 |
| Net margin | -1.2% | -3.0% | 1.1% | 0.7% | 1.6% | -0.1% | -1.1% | 0.8% | -0.6% | 0.6% | 0.6% | 2.2% | 66.6% | -0.8% | -5.6% | -0.3% | 13.4% | -4.5% | 6.6% | 0.8% | 2.7% | -8.6% | -13.4% | -11.4% | -19.8% | -21.8% | -9.6% | 4.5% | 1.1% | 3.3% |
| EPS (₹) | -0.20 | 0.57 | 0.21 | 0.20 | 0.42 | 0.01 | -0.14 | 0.20 | 0.58 | 0.14 | 0.11 | 0.56 | -1.69 | -0.80 | -1.44 | -0.16 | 5.24 | 0.00 | 2.07 | 0.24 | 1.24 | -2.31 | -3.27 | -3.04 | -6.29 | -5.41 | -2.60 | 1.60 | 0.41 | 1.89 |
| Net profit YoY | −259.1% | −3791.8% | +216.4% | −8.5% | +363.9% | −114.2% | −259.8% | −66.6% | −100.9% | +154.4% | +109.2% | +732.8% | +316.4% | +78.1% | −182.9% | −143.1% | +468.5% | +41.4% | +163.5% | +108.5% | +115.1% | +56.7% | −27.5% | – | – | −410.3% | −723.8% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY17 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,779 | 6,147 | 5,748 | 7,119 | 5,667 | 6,216 | 7,999 |
| Other income | 13.9 | 4.6 | 14.2 | 18.7 | 146 | 108 | 57.3 |
| Total expenses | 5,751 | 6,024 | 5,781 | 7,306 | 6,416 | 7,344 | 7,761 |
| EBITDA | 715 | 784 | 671 | 709 | 348 | −74.3 | 1,055 |
| EBITDA margin | 12.4% | 12.8% | 11.7% | 10.0% | 6.1% | -1.2% | 13.2% |
| Finance costs | 433 | 419 | 469 | 558 | 746 | 688 | 479 |
| Depreciation | 253 | 243 | 236 | 337 | 351 | 366 | 339 |
| Profit before tax | 42.7 | 128 | −34.4 | 422 | −599 | −1,020 | 296 |
| Tax | 20.8 | 36.7 | 31.5 | 93 | −231 | −301 | 77.9 |
| Net profit | 21.9 | 42.8 | 1,184 | 329 | −403 | −719 | 221 |
| Net margin | 0.4% | 0.7% | 20.6% | 4.6% | -7.1% | -11.6% | 2.8% |
| EPS (₹) | 0.49 | 1.39 | -2.01 | 6.15 | -7.01 | -13.87 | 4.25 |
| Net profit YoY | −48.8% | −96.4% | +260.3% | +181.6% | +44.0% | – | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating cash flow | 843 | 535 | 45 | 476 |
| Investing cash flow | −229 | −315 | 3,138 | −194 |
| Financing cash flow | −621 | −250 | −3,365 | −385 |
| Capital expenditure | 245 | 228 | 160 | 173 |
| Free cash flow (CFO − capex) | 597 | 307 | −115 | 303 |
Net profit trend
annual, ₹ croreFY20
₹−719
FY21
₹−403+44%
FY22
₹329+182%
FY23
₹1,184+260%
FY24
₹42.8−96%
FY25
₹21.9−49%
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 |
| Q3 FY26 | Consolidated | 4 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 4 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 30 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 30 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 26 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 26 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Consolidated · audited | 2 Jun 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 23 May 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 47.3×-37.6×
P/B5Y avg 0.39×0.25×
ROEFY25, on average equity0.4%
Net margin0.4%
Debt / equity0.67×
Revenue CAGR (3Y)-6.7%
Profit CAGR (3Y)-59.4%
EPS (TTM)₹-0.53
Market cap₹1,457 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.25×
vs 7-point avg 0.39× (−36%)
0.25× low0.39× avg0.46× high
History points are balance-sheet dates (2022 → 2025), priced at the adjusted close on each date.
Balance sheet 30 Sept 2025
Total assets₹11,983 Cr+7%
Net worth₹5,841 Cr+7%
Total borrowings₹3,884 Cr+0%
Cash & bank balances₹60 Cr−1%
Investments₹1,221 Cr+2%
Inventories₹2,169 Cr−1%
Trade receivables₹2,289 Cr+11%
Trade payables₹814 Cr−15%
Change vs the same date a year earlier.
Revenue mix FY25
Plastic Division33.7%result ₹248 Cr
Hi-tech Agri Input Products33.4%result ₹346 Cr
Agro Processing Division32.6%result ₹76.6 Cr
Other Business Division0.2%result ₹−12.4 Cr
Segment revenue as reported, before inter-segment eliminations.