Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 173 | 142 | 136 | 85.7 | 224 | 138 | 210 | 117 | 257 | 195 | 243 | 150 | 280 | 188 | 256 | 104 | 184 | 159 | 119 |
| Other income | 0.4 | 2 | 0.2 | 1.1 | 0.7 | 1 | 0.7 | 1.1 | 0.9 | 1.2 | 1.2 | 0.3 | 0.7 | 0.2 | 0 | 0 | 3.2 | 0.6 | 0.3 |
| Total expenses | 176 | 131 | 138 | 97.7 | 217 | 147 | 221 | 121 | 242 | 190 | 233 | 147 | 270 | 180 | 252 | 138 | 196 | 162 | 115 |
| EBITDA | 5.3 | 18.3 | 5.6 | −4.1 | 15.1 | 0.2 | −1.4 | 5.2 | 24.3 | 13.8 | 17.8 | 10.4 | 17.5 | 15.7 | 10.3 | −27.6 | −6.1 | 3.2 | 9.8 |
| EBITDA margin | 3.1% | 12.9% | 4.1% | -4.7% | 6.7% | 0.2% | -0.7% | 4.4% | 9.4% | 7.1% | 7.3% | 6.9% | 6.3% | 8.3% | 4.0% | -26.4% | -3.3% | 2.0% | 8.2% |
| Finance costs | 3.8 | 3.5 | 3.2 | 3.6 | 4.5 | 6 | 5.9 | 5.8 | 5.6 | 5.8 | 5.2 | 4.7 | 4.7 | 5.2 | 3.8 | 3.9 | 3.8 | 3.9 | 3.6 |
| Depreciation | 4.7 | 4.3 | 4.4 | 4.2 | 3.9 | 3.9 | 3.8 | 3.3 | 3.4 | 3.1 | 3.1 | 3 | 2.8 | 2.3 | 2.4 | 2.2 | 2.2 | 2.2 | 2 |
| Profit before tax | −2.9 | 8.8 | −2.5 | −10.9 | 7.4 | −8.7 | −10.4 | −2.9 | 16.2 | 6.1 | 10.7 | 3 | 10.6 | 8.4 | 4.1 | −33.7 | −8.8 | −1.1 | 4.4 |
| Tax | −0.7 | 4.7 | −2.1 | −1.3 | 0.1 | −5.1 | 0.3 | 0.7 | 2.5 | 2.6 | 2.8 | 0.5 | 2.8 | −7.7 | −0.6 | 0.7 | 0.3 | 0.6 | 0.4 |
| Net profit | −2.2 | 4 | −0.5 | −9.7 | 7.3 | −3.7 | −10.9 | −3.6 | 13.8 | 3.6 | 8 | 2.5 | 7.9 | 16 | 4.6 | −34.4 | −9.1 | −2 | 4.1 |
| Net margin | -1.3% | 2.8% | -0.3% | -11.3% | 3.2% | -2.7% | -5.2% | -3.0% | 5.4% | 1.9% | 3.3% | 1.7% | 2.8% | 8.5% | 1.8% | -33.0% | -5.0% | -1.2% | 3.4% |
| EPS (₹) | -0.42 | 0.76 | -0.09 | -1.84 | 1.41 | -0.72 | -2.20 | -0.72 | 2.79 | 0.73 | 1.60 | 0.51 | 1.58 | 3.22 | 0.92 | -6.94 | -1.84 | -0.40 | 0.82 |
| Net profit YoY | −130.5% | +209.8% | +95.7% | −171.9% | −47.5% | −201.5% | −236.9% | −241.9% | +76.0% | −77.5% | +74.9% | +107.3% | +186.3% | +910.9% | +11.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 587 | 722 | 867 | 732 | 545 |
| Other income | 4 | 3.6 | 3.4 | 3.5 | 1.3 |
| Total expenses | 584 | 731 | 840 | 766 | 528 |
| EBITDA | 34.9 | 28.3 | 59.5 | −7.7 | 38.9 |
| EBITDA margin | 5.9% | 3.9% | 6.9% | -1.1% | 7.1% |
| Finance costs | 14.8 | 23.3 | 20.4 | 16.7 | 14.1 |
| Depreciation | 16.8 | 14.5 | 12 | 9.1 | 8.1 |
| Profit before tax | 2.8 | −5.8 | 30.5 | −30.1 | 19.3 |
| Tax | 1.4 | −1.7 | 8.6 | −7.3 | 5 |
| Net profit | 1.1 | −4.3 | 21.9 | −23 | 19.9 |
| Net margin | 0.2% | -0.6% | 2.5% | -3.1% | 3.7% |
| EPS (₹) | 0.21 | -0.84 | 4.42 | -4.64 | 4.02 |
| Net profit YoY | +126.4% | −119.5% | +195.3% | −215.4% | – |
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 | 20.3 | 33.8 | 58.4 | 26.8 | 4 |
| Investing cash flow | −9.9 | −36.6 | −45.9 | −30.7 | −7 |
| Financing cash flow | −5.9 | 2.6 | −12.3 | 3.8 | 3.1 |
| Capital expenditure | 34.3 | 31.1 | 40.1 | 30 | 17.8 |
| Free cash flow (CFO − capex) | −14 | 2.6 | 18.3 | −3.2 | −13.8 |
Net profit trend
annual, ₹ croreFY22
₹19.9
FY23
₹−23−215%
FY24
₹21.9+195%
FY25
₹−4.3−119%
FY26
₹1.1+126%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 11 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 11 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 5 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 5 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 5 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 5 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | – | PDF XBRL |
| Q2 FY26 | Consolidated | 8 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 8 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 167.2×-38.7×
P/B5Y avg 3.88×1.45×
ROEFY26, on average equity0.5%
Net margin0.2%
Debt / equity0.41×
Revenue CAGR (3Y)-7.1%
Profit CAGR (3Y)–
EPS (TTM)₹-1.58
Market cap₹323 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.45×
vs 8-point avg 3.88× (−63%)
1.45× low3.88× avg6.48× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹483 Cr+2%
Net worth₹222 Cr+10%
Total borrowings₹91 Cr−7%
Cash & bank balances₹5 Cr+5423%
Investments₹0 Cr−91%
Inventories₹196 Cr+23%
Trade receivables₹28 Cr−42%
Trade payables₹137 Cr+6%
Change vs the same date a year earlier.