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 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 316 | 314 | 308 | 300 | 295 | 286 | 279 | 271 | 262 | 248 | 245 | 241 | 249 | 243 | 231 | 227 | 217 | 210 | 219 | 209 | 204 | 208 | 196 | 1,909 | 180 | 206 | 191 | 187 | 187 | 190 | 206 | 209 | 209 | 215 |
| Other income | 0.7 | 5.7 | 0.9 | 1.2 | 0.6 | 1 | 0.4 | 0.2 | 0.5 | 0.6 | 0.3 | 0.4 | 0.5 | 0.7 | 0.5 | 0.7 | 0.3 | 0.2 | 0.5 | 0.2 | 0.4 | 0.5 | 1.4 | 9 | 1.9 | 1.8 | 1 | 0.7 | 0.5 | 0.9 | 1.4 | 1.7 | 1.1 | 0 |
| Total expenses | 291 | 299 | 278 | 272 | 269 | 267 | 254 | 247 | 239 | 224 | 236 | 222 | 230 | 234 | 211 | 208 | 197 | 190 | 199 | 187 | 184 | 184 | 173 | 1,727 | 164 | 189 | 169 | 164 | 165 | 168 | 185 | 186 | 183 | 185 |
| EBITDA | 34.4 | 25 | 38.8 | 36.6 | 35.1 | 29.2 | 34 | 32.5 | 31.6 | 32.2 | 18.4 | 26.4 | 27.5 | 16.7 | 25.5 | 25.3 | 26 | 25.8 | 25.9 | 27.1 | 25.8 | 29.2 | 30.2 | 251 | 23.3 | 24.2 | 28.7 | 29.7 | 29.8 | 29 | 28.1 | 28.8 | 31.9 | 36.5 |
| EBITDA margin | 10.9% | 8.0% | 12.6% | 12.2% | 11.9% | 10.2% | 12.2% | 12.0% | 12.1% | 13.0% | 7.5% | 11.0% | 11.0% | 6.9% | 11.0% | 11.2% | 12.0% | 12.3% | 11.8% | 13.0% | 12.6% | 14.0% | 15.4% | 13.1% | 13.0% | 11.7% | 15.0% | 15.9% | 15.9% | 15.3% | 13.6% | 13.8% | 15.3% | 17.0% |
| Finance costs | 5.5 | 5.8 | 5.5 | 5 | 4.8 | 5.5 | 4.9 | 5 | 4.6 | 4.7 | 4.8 | 4.5 | 4.4 | 2.8 | 2.6 | 2.7 | 3.3 | 3.2 | 2.9 | 2.6 | 2.9 | 2.6 | 3.3 | 30.3 | 4 | 4.2 | 3.7 | 4.2 | 4.4 | 4.7 | 4.9 | 4.8 | 4.6 | 4.9 |
| Depreciation | 3.8 | 3.9 | 3.8 | 3.7 | 4 | 4.2 | 4.4 | 4.2 | 4.2 | 4 | 4.4 | 3.6 | 4 | 4.9 | 3.3 | 3.2 | 3.1 | 2.5 | 2.9 | 2.7 | 2.8 | 2.7 | 3.1 | 38.5 | 3.3 | 2.8 | 3.4 | 3.4 | 3.3 | 2.4 | 1.5 | 1.4 | 1.4 | 1.7 |
| Profit before tax | 25.7 | 21 | 30.3 | 29.1 | 26.9 | 20.5 | 25.1 | 23.5 | 23.4 | 24.1 | 9.5 | 18.7 | 19.6 | −174 | 20.1 | 20.1 | 19.9 | 20.3 | 20.6 | 22 | 20.6 | 24.4 | 25.2 | 191 | 18 | 19 | 22.6 | 22.8 | 22.7 | 22.9 | 23.2 | 24.3 | 27 | 29.9 |
| Tax | 3.4 | 1.5 | 4.9 | 5 | 4.3 | 1.3 | 4.2 | 3.9 | 3.4 | 0.2 | 1.4 | 2.2 | 4.1 | 2 | 3.5 | 3.3 | 3.7 | 1.5 | 2.8 | 4.5 | 4.2 | 5.5 | 3.4 | 32 | 3.5 | 4.4 | 4 | 4.3 | 3.8 | 3.4 | 4.7 | 5 | 7.4 | 7.6 |
| Net profit | 22.3 | 19.5 | 25.4 | 24.1 | 22.7 | 19.2 | 20.9 | 19.7 | 19.9 | 23.9 | 8.1 | 16.5 | 15.4 | −176 | 16.6 | 16.8 | 16.3 | 18.8 | 17.8 | 17.4 | 16.4 | 18.9 | 21.9 | 159 | 14.5 | 14.6 | 18.6 | 18.5 | 18.9 | 19.5 | 18.5 | 19.3 | 19.6 | 22.3 |
| Net margin | 7.1% | 6.2% | 8.3% | 8.0% | 7.7% | 6.7% | 7.5% | 7.3% | 7.6% | 9.7% | 3.3% | 6.9% | 6.2% | -72.7% | 7.2% | 7.4% | 7.5% | 8.9% | 8.1% | 8.4% | 8.0% | 9.1% | 11.1% | 8.3% | 8.0% | 7.1% | 9.8% | 9.9% | 10.1% | 10.3% | 9.0% | 9.2% | 9.4% | 10.4% |
| EPS (₹) | 0.42 | 0.34 | 0.48 | 0.43 | 2.32 | 48,654.13 | 2.17 | 2.06 | 2.05 | 2.50 | 0.76 | 1.78 | 1.54 | -18.95 | 1.79 | 1.81 | 1.79 | 2.10 | 1.76 | 1.83 | 1.70 | 2.08 | 2.16 | 1.59 | 1.51 | 1.84 | 2.00 | 1.94 | 1.92 | 1.83 | 1.85 | 2.06 | 2.05 | 1.86 |
| Net profit YoY | −1.5% | +1.7% | +21.5% | +22.5% | +13.6% | −19.8% | +157.4% | +18.9% | +29.4% | +113.6% | −50.9% | −1.8% | −5.2% | −1037.3% | −6.9% | −3.5% | −0.7% | −0.5% | −18.6% | −89.0% | +13.2% | +30.0% | +17.4% | +758.8% | −23.3% | −25.5% | +0.9% | −4.2% | −3.9% | −12.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,217 | 1,098 | 983 | 917 | 843 | 776 | 771 | 814 | 783 |
| Other income | 8.4 | 2.1 | 1.8 | 2.2 | 1.2 | 4.7 | 3.9 | 5 | 2.7 |
| Total expenses | 1,118 | 1,007 | 913 | 850 | 760 | 694 | 688 | 722 | 687 |
| EBITDA | 135 | 128 | 104 | 93.5 | 105 | 108 | 112 | 118 | 118 |
| EBITDA margin | 11.1% | 11.6% | 10.6% | 10.2% | 12.4% | 13.9% | 14.6% | 14.5% | 15.1% |
| Finance costs | 21.2 | 20.3 | 18.4 | 11.4 | 11.6 | 12.8 | 16.4 | 18.9 | 16.3 |
| Depreciation | 15.4 | 16.9 | 16 | 14.5 | 10.9 | 12.9 | 12.8 | 6.7 | 5.4 |
| Profit before tax | 107 | 92.5 | 71.9 | −114 | 83.5 | 86.7 | 87.1 | 97.4 | 99.5 |
| Tax | 15.7 | 12.8 | 7.9 | 12.5 | 13 | 15.6 | 16.5 | 20.4 | 31.1 |
| Net profit | 91.7 | 79.7 | 64 | −127 | 70.4 | 71.1 | 70.5 | 76.9 | 68.4 |
| Net margin | 7.5% | 7.3% | 6.5% | -13.8% | 8.4% | 9.2% | 9.2% | 9.5% | 8.7% |
| EPS (₹) | 1.79 | 48,654.13 | 6.58 | -13.56 | 7.39 | 7.34 | 7.70 | 7.79 | 6.60 |
| Net profit YoY | +15.0% | +24.5% | +150.5% | −280.0% | −1.0% | +0.8% | −8.3% | +12.5% | – |
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 | −10.5 | 5.9 | 56.2 | 24.3 | 0.7 |
| Investing cash flow | −168 | −24.5 | −39.6 | −72.1 | −4.1 |
| Financing cash flow | 188 | 18.5 | −18.7 | 52.9 | −10.5 |
| Capital expenditure | 19.8 | 10.8 | 21.6 | 20.8 | 12.1 |
| Free cash flow (CFO − capex) | −30.3 | −5 | 34.6 | 3.5 | −11.4 |
Net profit trend
annual, ₹ croreFY21
₹71.1
FY22
₹70.4−1%
FY23
₹−127−280%
FY24
₹64+150%
FY25
₹79.7+25%
FY26
₹91.7+15%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 23 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 23 Jul 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 | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)7.8×
P/B0.89×
ROEFY26, on average equity13.7%
Net margin7.5%
Debt / equity0.22×
Revenue CAGR (3Y)9.9%
Profit CAGR (3Y)–
EPS (TTM)₹1.72
Market cap₹715 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹1,129 Cr+43%
Net worth₹807 Cr+51%
Total borrowings₹179 Cr+14%
Cash & bank balances₹37 Cr
Investments₹0 Cr
Inventories₹0 Cr−98%
Trade receivables₹393 Cr+21%
Trade payables₹28 Cr+27%
Change vs the same date a year earlier.
Revenue mix FY26
Digital Transformation83.0%result ₹323 Cr
Enterprise Solutions13.9%result ₹39.8 Cr
Consulting3.1%result ₹4.5 Cr
Segment revenue as reported, before inter-segment eliminations.