Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 77.8 | 83.6 | 86.2 | 102 | 95.7 | 93.8 | 160 | 161 | 154 | 144 | 156 | 157 | 158 | 159 | 149 | 186 | 166 | 156 | 185 | 162 | 88.2 | 270 | 174 | 122 | 60.4 | 158 | 175 | 223 |
| Other income | 5.8 | 2.6 | 3.8 | 1.9 | 2.5 | 3 | 4.4 | 1.8 | 1.5 | 3.1 | 1.8 | 2.6 | 1.5 | 6.5 | 6.4 | 2.2 | 2.3 | 3.1 | 2.6 | 6.7 | 3.9 | 3.5 | 3.9 | 7 | 3.6 | 1.5 | 1.4 | 2.1 |
| Total expenses | 83 | 84.7 | 88.4 | 101 | 96.8 | 90.7 | 163 | 159 | 155 | 145 | 156 | 158 | 157 | 161 | 150 | 181 | 164 | 157 | 177 | 162 | 103 | 271 | 175 | 150 | 91.4 | 185 | 190 | 225 |
| EBITDA | 7.8 | 11.9 | 11.1 | 13.8 | 12.3 | 15.9 | 14.8 | 19.3 | 17.4 | 16.8 | 18.2 | 17.6 | 18.3 | 16.4 | 16.7 | 22.3 | 17.1 | 12.8 | 21.6 | 13.7 | −0.4 | 14.1 | 15.2 | −11.6 | −14.3 | −8.4 | 3.5 | 15.4 |
| EBITDA margin | 10.1% | 14.2% | 12.8% | 13.6% | 12.9% | 17.0% | 9.2% | 12.0% | 11.3% | 11.7% | 11.7% | 11.2% | 11.6% | 10.3% | 11.2% | 12.0% | 10.3% | 8.2% | 11.7% | 8.5% | -0.4% | 5.2% | 8.7% | -9.5% | -23.6% | -5.3% | 2.0% | 6.9% |
| Finance costs | 6.4 | 6.5 | 6.5 | 6.7 | 6.6 | 6 | 7.4 | 7.6 | 7.7 | 8.5 | 7.5 | 7.8 | 7.5 | 7.9 | 7.3 | 7.6 | 6.3 | 5.7 | 6 | 5.6 | 5.5 | 5.9 | 6.1 | 6.9 | 6.5 | 7.8 | 8.1 | 7 |
| Depreciation | 6.6 | 6.6 | 6.8 | 6.7 | 6.8 | 6.8 | 10.2 | 10.4 | 10.3 | 10.1 | 10 | 10.3 | 10.1 | 9.9 | 10.1 | 9.8 | 8.5 | 7.7 | 8.1 | 8.6 | 9.2 | 9.2 | 9.5 | 10.3 | 10.2 | 10.8 | 10.8 | 10.4 |
| Profit before tax | 0.7 | 1.5 | −0.2 | 2.2 | 1.5 | 6.1 | 1.6 | 3.2 | 0.9 | 1.4 | 2.5 | 2.1 | 2.2 | 5.1 | 5.7 | 7.2 | 4.5 | 2.6 | 10.1 | 6.2 | −11.1 | 2.4 | 3.5 | −21.7 | −27.3 | −25.4 | −14 | 0.1 |
| Tax | 0.2 | 0.7 | −0 | 0.6 | 0.6 | 0.6 | 0.4 | 0.8 | 0.3 | 0.4 | 0.6 | 0.4 | 0.6 | 0.8 | 0.9 | 2.2 | 1.2 | −0.1 | 1.9 | −0.3 | −0.2 | −9.1 | −0.9 | −0.6 | 0.4 | −5.6 | −0.8 | 1.6 |
| Net profit | 0.5 | 0.8 | −0.2 | 1.7 | 0.9 | 0.9 | 1.2 | 2.3 | 0.7 | 1 | 1.8 | 1.8 | 1.6 | 4.3 | 4.8 | 5 | 3.3 | 2.7 | 8.2 | 6.5 | −10.9 | 11.5 | 4.4 | −21.1 | −27.8 | −19.9 | −13.2 | −1.5 |
| Net margin | 0.7% | 0.9% | -0.2% | 1.6% | 0.9% | 1.0% | 0.7% | 1.5% | 0.4% | 0.7% | 1.2% | 1.1% | 1.0% | 2.7% | 3.2% | 2.7% | 2.0% | 1.7% | 4.4% | 4.0% | -12.3% | 4.3% | 2.5% | -17.4% | -46.0% | -12.6% | -7.6% | -0.7% |
| EPS (₹) | 0.28 | 0.41 | -0.09 | 0.91 | 0.46 | 2.96 | 0.63 | 1.27 | 0.36 | 0.57 | 1.01 | 0.99 | 0.92 | 2.39 | 2.68 | 2.80 | 1.86 | 1.47 | 4.57 | 3.60 | -6.06 | 6.42 | 2.47 | -11.77 | -15.45 | -11.06 | -7.34 | -0.86 |
| Net profit YoY | −38.7% | −18.3% | −115.3% | −28.2% | +30.9% | −10.0% | −36.4% | +30.3% | −60.5% | −76.1% | −62.2% | −64.4% | −50.9% | +61.8% | −41.3% | −22.4% | +130.7% | −77.0% | +84.9% | +130.6% | +60.8% | +158.0% | +133.6% | −1273.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 367 | 418 | 615 | 660 | 591 | 626 | 772 |
| Other income | 10.8 | 10.4 | 9 | 17.5 | 16.3 | 18.1 | 6.7 |
| Total expenses | 371 | 407 | 616 | 655 | 600 | 687 | 813 |
| EBITDA | 49.1 | 65.1 | 70.9 | 72.5 | 47.8 | 3.4 | 30.5 |
| EBITDA margin | 13.4% | 15.6% | 11.5% | 11.0% | 8.1% | 0.5% | 3.9% |
| Finance costs | 26.2 | 24.9 | 31.3 | 29.1 | 22.7 | 25.4 | 29.3 |
| Depreciation | 26.8 | 28.8 | 40.4 | 38.4 | 33.6 | 39.2 | 41.9 |
| Profit before tax | 5 | 21.9 | 8.2 | 22.5 | 7.8 | −43.2 | −34.1 |
| Tax | 1.9 | 2.6 | 1.9 | 5.1 | 1.3 | −10.2 | −2.8 |
| Net profit | 3.1 | 5.1 | 6.3 | 17.5 | 6.4 | −32.9 | −31.3 |
| Net margin | 0.8% | 1.2% | 1.0% | 2.6% | 1.1% | -5.3% | -4.1% |
| EPS (₹) | 1.69 | 10.51 | 3.49 | 9.73 | 3.58 | -18.33 | -17.40 |
| Net profit YoY | −38.8% | −19.4% | −64.1% | +171.5% | +119.5% | −5.4% | – |
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 | 25.7 | 67.1 | 51.5 | 39.4 | 30.6 |
| Investing cash flow | −9 | −8.9 | −9.5 | 19.9 | −13.8 |
| Financing cash flow | −28.8 | −41.5 | −50.5 | −62.8 | −41.8 |
| Capital expenditure | 9.6 | 11.9 | 10.4 | 15 | 8.3 |
| Free cash flow (CFO − capex) | 16.1 | 55.1 | 41 | 24.4 | 22.3 |
Net profit trend
annual, ₹ croreFY21
₹−32.9
FY22
₹6.4+120%
FY23
₹17.5+171%
FY24
₹6.3−64%
FY25
₹5.1−19%
FY26
₹3.1−39%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 20 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 20 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 10 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 10 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 7 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 55.6×78.4×
P/B5Y avg 1.89×1.30×
ROEFY26, on average equity1.5%
Net margin0.8%
Debt / equity0.73×
Revenue CAGR (3Y)-17.8%
Profit CAGR (3Y)-43.8%
EPS (TTM)₹1.51
Market cap₹217 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.30×
vs 8-point avg 1.89× (−31%)
0.87× low1.89× avg2.84× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹547 Cr−28%
Net worth₹167 Cr−34%
Total borrowings₹122 Cr+7%
Cash & bank balances₹2 Cr−78%
Investments₹0 Cr
Inventories₹129 Cr−41%
Trade receivables₹186 Cr−16%
Trade payables₹113 Cr−43%
Change vs the same date a year earlier.