Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 8.8 | 47.3 | 962 | 19.1 | 8.4 | 7.8 | 7.8 | 7.9 | 8.2 | 13.8 | 7.4 | 7.5 | 7.4 | 905 | 826 | 747 | 677 | 761 | 620 | 612 | 176 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0 |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 7.5 | 13 | 1 | 13.8 | 45.2 | 4.8 | 3.5 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total expenses | 0.4 | 0.5 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 606 | 685 | 616 | 533 | 270 | 577 | 386 | 4.8 | 8.5 | 7 | 7.7 | 6.4 | 60.6 | 20.5 | 9.1 | 0 |
| EBITDA | 8.7 | 47.2 | 962 | 19 | 8.3 | 7.7 | 7.7 | 7.8 | 8.1 | 13.7 | 7.3 | 7.4 | 7.3 | 395 | 233 | 235 | 247 | 673 | 127 | 289 | 176 | 5.3 | 6.7 | 5.6 | 6.4 | −91 | −8.4 | 2.6 | 0 |
| EBITDA margin | 98.9% | 99.7% | 100.0% | 99.5% | 99.0% | 98.6% | 98.8% | 98.7% | 99.0% | 99.1% | 98.7% | 98.9% | 98.6% | 43.6% | 28.2% | 31.4% | 36.5% | 88.4% | 20.5% | 47.2% | 99.9% | 3303.1% | 2804.3% | 2331.3% | 2646.0% | -37909.6% | -3499.9% | 1077.6% | – |
| Finance costs | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 31.7 | 19.8 | 31.7 | 31 | 32 | 38.8 | 33.4 | 4.5 | 13.6 | 13.5 | 13.1 | 12.5 | 12.1 | 11.8 | 11.4 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 64 | 72.3 | 72.2 | 71.6 | 150 | 45.2 | 29.3 | 0 | 0 | 0 | 0 | 0 | −42.7 | 0 | 0 | 0 |
| Profit before tax | 8.4 | 46.8 | 961 | 18.7 | 7.9 | 7.4 | 7.3 | 7.4 | 7.7 | 13.4 | 7 | 7 | 6.9 | 302 | 154 | 132 | 159 | 235 | 48.8 | 584 | 497 | −8.2 | −6.7 | −7.4 | −6.1 | −60.3 | −20.2 | −8.8 | 0 |
| Tax | 1.3 | 6.9 | 138 | 3.8 | 1.2 | −28 | 0.7 | 0.7 | 0.8 | 0.3 | 0.7 | 0.7 | 0.6 | 79.9 | 49.5 | 77.9 | 45.8 | 33.1 | 31.6 | 29.7 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.1 | 0 | 0 |
| Net profit | 13.9 | 35.2 | 702 | 57.5 | 62.8 | 66.7 | 33.4 | 140 | 55.9 | 98.5 | 101 | 54.5 | 41.5 | 227 | 104 | 54 | 113 | 202 | 17.2 | 561 | 663 | −8.3 | −6.8 | −7.5 | −6.2 | −60.5 | −20.3 | −8.8 | 0 |
| Net margin | 157.3% | 74.4% | 73.0% | 301.1% | 751.6% | 851.2% | 428.6% | 1769.7% | 685.6% | 714.8% | 1359.0% | 730.2% | 563.6% | 25.0% | 12.7% | 7.2% | 16.7% | 26.5% | 2.8% | 91.7% | 376.9% | -5160.6% | -2826.0% | -3119.9% | -2572.2% | -25197.9% | -8476.0% | -3660.7% | – |
| EPS (₹) | 13.22 | 33.45 | 667.86 | 54.74 | 6.40 | 63.40 | 31.81 | 133.00 | 53.22 | 93.69 | 96.14 | 51.84 | 39.52 | 150.57 | 47.58 | -5.67 | 74.93 | 138.35 | 8.61 | 286.67 | 323.04 | -4.03 | 2.74 | -3.61 | -2.62 | -64.56 | -9.89 | -4.57 | 0.00 |
| Net profit YoY | −77.9% | −47.2% | +2000.1% | −58.8% | +12.2% | −32.3% | −66.9% | +156.6% | +34.7% | −56.5% | −3.3% | +1.0% | −63.3% | +12.5% | +509.1% | −90.4% | −82.9% | +2540.9% | +352.9% | +7593.0% | +10840.7% | +86.3% | +66.7% | +15.2% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,037 | 31.7 | 36 | 3,106 | 1,862 | 0.9 | 1 | 239 |
| Other income | 0 | 0 | 0.1 | 35.3 | 53.5 | 0.2 | 0.1 | 3.1 |
| Total expenses | 1.8 | 1.9 | 1.9 | 2,390 | 931 | 31.9 | 111 | 722 |
| EBITDA | 1,036 | 31.3 | 35.6 | 1,110 | 1,265 | 21.6 | −90.8 | −253 |
| EBITDA margin | 100.0% | 98.8% | 98.9% | 35.7% | 67.9% | 2458.8% | -9433.8% | -105.8% |
| Finance costs | 1.4 | 1.5 | 1.5 | 114 | 109 | 52.7 | 46.3 | 195 |
| Depreciation | 0 | 0 | 0 | 280 | 225 | 0 | −27.4 | 34.4 |
| Profit before tax | 1,035 | 29.8 | 34.2 | 747 | 1,364 | −30.9 | −110 | −480 |
| Tax | 149 | −25.8 | 2.2 | 253 | 94.5 | 0.1 | 0.3 | −44.6 |
| Net profit | 858 | 296 | 296 | 498 | 1,443 | −31 | −110 | −520 |
| Net margin | 82.7% | 933.5% | 820.0% | 16.0% | 77.5% | -3525.6% | -11421.0% | -217.2% |
| EPS (₹) | 33.45 | 281.43 | 281.18 | 267.40 | 756.66 | -15.22 | -89.31 | -494.25 |
| Net profit YoY | +189.9% | +0.1% | −40.7% | −65.5% | +4750.4% | +71.8% | – | – |
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 | 6 | 1.3 | −0.7 | 1,085 | 712 |
| Investing cash flow | −1.1 | 0.2 | 0.8 | 22.1 | −179 |
| Financing cash flow | −4.9 | −1.5 | −0 | −1,387 | −352 |
| Capital expenditure | 0 | 0 | 0 | 6.5 | 0 |
| Free cash flow (CFO − capex) | 6 | 1.3 | −0.7 | 1,078 | 712 |
Net profit trend
annual, ₹ croreFY21
₹−31
FY22
₹1,443+4750%
FY23
₹498−65%
FY24
₹296−41%
FY25
₹296+0%
FY26
₹858+190%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 1.4×1.2×
P/B5Y avg 0.36×0.63×
ROEFY26, on average equity54.8%
Net margin82.7%
Debt / equity0.01×
Revenue CAGR (3Y)-30.6%
Profit CAGR (3Y)19.8%
EPS (TTM)₹769.40
Market cap₹1,006 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.63×
vs 10-point avg 0.36× (+73%)
0.16× low0.36× avg0.67× high
History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,790 Cr+14%
Net worth₹1,605 Cr+5%
Total borrowings₹23 Cr−13%
Cash & bank balances₹0 Cr+100%
Investments₹1,790 Cr+14%
Inventories₹0 Cr
Trade receivables₹0 Cr
Change vs the same date a year earlier.