Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q1 FY19
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 170 | 212 | 181 | 174 | 173 | 188 | 160 | 172 | 156 | 170 | 152 | 172 | 143 | 166 | 159 | 169 | 161 | 127 | 152 | 112 | 97.6 | 162 | 147 | 96.9 | 51.3 | 200 | 150 | 134 | 168 | 144 | 145 | 167 | 146 |
| Other income | 0 | 0.2 | 0 | 0 | 0.2 | 0.1 | 0 | 0 | 0.1 | 0.1 | 0.2 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0.2 | −0 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
| Total expenses | 169 | 206 | 180 | 171 | 168 | 179 | 157 | 167 | 149 | 158 | 152 | 168 | 139 | 166 | 156 | 161 | 154 | 126 | 146 | 112 | 101 | 153 | 142 | 98.6 | 62.2 | 196 | 148 | 132 | 164 | 140 | 143 | 163 | 143 |
| EBITDA | 13.5 | 20 | 13.2 | 15.1 | 16 | 25.1 | 13.4 | 14.6 | 16.1 | 25.3 | 10.7 | 15.5 | 15.7 | 13.6 | 13.2 | 17.7 | 17.2 | 10.6 | 16.8 | 10.1 | 7.8 | 23 | 17.5 | 10.1 | 0.7 | 16.5 | 10 | 8.9 | 10.4 | 10.3 | 10 | 10.8 | 10.2 |
| EBITDA margin | 8.0% | 9.4% | 7.3% | 8.7% | 9.2% | 13.4% | 8.4% | 8.5% | 10.3% | 14.9% | 7.0% | 9.0% | 10.9% | 8.2% | 8.4% | 10.5% | 10.7% | 8.4% | 11.0% | 9.0% | 7.9% | 14.2% | 11.9% | 10.5% | 1.3% | 8.2% | 6.6% | 6.7% | 6.2% | 7.2% | 6.9% | 6.5% | 7.0% |
| Finance costs | 4.3 | 4.3 | 3.8 | 4 | 3.8 | 3.9 | 2.9 | 3.3 | 3 | 3.2 | 2.8 | 4 | 3.6 | 3.4 | 3.4 | 2.6 | 2.8 | 2.5 | 3.3 | 2.9 | 3.6 | 3.9 | 3.6 | 3.5 | 3.3 | 3.9 | 3.9 | 3.3 | 3.2 | 4 | 3.6 | 3.5 | 3.7 |
| Depreciation | 8 | 9.7 | 8.3 | 8.2 | 7.8 | 12.5 | 6.9 | 6.8 | 6.6 | 10.9 | 7.7 | 7.7 | 7.5 | 10.4 | 7.3 | 7.1 | 6.9 | 7.1 | 7.3 | 7.3 | 7.3 | 9.6 | 8.3 | 8.3 | 8.3 | 8.7 | 3.4 | 3.3 | 3.2 | 2.9 | 3.5 | 3.5 | 3.5 |
| Profit before tax | 1.1 | 6.3 | 1.1 | 3.1 | 4.5 | 8.6 | 3.8 | 1.9 | 6.6 | 6.7 | 0.2 | 3.8 | 4.5 | −0.2 | 2.5 | 8 | 7.6 | 1 | 6.2 | −0.1 | −3.1 | 9.1 | 5.8 | −1.6 | −10.9 | 3.3 | 2.8 | 7.6 | 4.1 | 3.4 | 2.8 | 3.9 | 3.3 |
| Tax | 0.5 | 1 | 0.5 | 1.1 | 1.2 | 3 | 1.4 | 0.9 | 2 | 1.7 | 0.1 | 1.1 | 1.2 | 0.1 | 0.6 | 2.2 | 2.1 | 0.6 | 1.2 | 0 | 0 | 2.1 | 0 | 0 | 0 | 1.8 | 1.3 | 2 | 1.7 | 2.1 | 1.6 | 1.9 | 1 |
| Net profit | 0.7 | 5.3 | 0.6 | 2 | 3.3 | 5.6 | 2.4 | 0.9 | 4.7 | 5 | 0.2 | 2.6 | 3.3 | −0.3 | 1.9 | 5.9 | 5.5 | 0.4 | 5 | −0.1 | −3.1 | 7 | 5.8 | −1.6 | −10.9 | 1.6 | 1.4 | 5.6 | 2.4 | 1.3 | 1.2 | 2 | 2.3 |
| Net margin | 0.4% | 2.5% | 0.3% | 1.1% | 1.9% | 3.0% | 1.5% | 0.5% | 3.0% | 2.9% | 0.1% | 1.5% | 2.3% | -0.2% | 1.2% | 3.5% | 3.4% | 0.3% | 3.3% | -0.1% | -3.1% | 4.3% | 3.9% | -1.7% | -21.2% | 0.8% | 1.0% | 4.2% | 1.4% | 0.9% | 0.8% | 1.2% | 1.5% |
| EPS (₹) | 0.40 | 3.13 | 0.35 | 1.16 | 1.95 | 3.25 | 1.39 | 0.54 | 2.74 | 2.77 | 0.11 | 1.55 | 1.97 | 0.13 | 1.09 | 3.45 | 3.21 | 0.47 | 2.93 | -0.06 | -1.80 | 4.09 | 3.38 | -0.95 | -6.38 | 0.93 | 0.85 | 3.29 | 1.39 | 0.79 | 0.71 | 1.18 | 1.33 |
| Net profit YoY | −79.5% | −5.5% | −75.1% | +114.2% | −28.6% | +12.5% | +1185.8% | −65.1% | +39.2% | +1822.4% | −90.0% | −55.1% | −38.8% | −169.4% | −63.0% | +5648.6% | +278.6% | −94.0% | −13.3% | +93.5% | +71.8% | +342.1% | +299.4% | −128.8% | −560.2% | +17.0% | +18.9% | +178.5% | +4.4% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 740 | 675 | 637 | 654 | 488 | 458 | 652 | 602 |
| Other income | 0.5 | 0.3 | 0.4 | 0.2 | 0.3 | 0.4 | 0.5 | 0.4 |
| Total expenses | 726 | 652 | 617 | 636 | 484 | 456 | 639 | 589 |
| EBITDA | 64.3 | 69.2 | 67.1 | 61.8 | 45.2 | 51.3 | 60.7 | 41.5 |
| EBITDA margin | 8.7% | 10.2% | 10.5% | 9.4% | 9.3% | 11.2% | 9.3% | 6.9% |
| Finance costs | 16 | 13.2 | 13.6 | 12.1 | 12.2 | 14.4 | 14.3 | 14.8 |
| Depreciation | 34 | 32.8 | 33.8 | 31.7 | 29 | 34.4 | 33.5 | 13.5 |
| Profit before tax | 15 | 20.9 | 15.3 | 17.9 | 4 | 2.4 | 17.8 | 13.5 |
| Tax | 3.8 | 7.3 | 4.1 | 4.9 | 1.7 | 2.1 | 6.8 | 6.6 |
| Net profit | 11.2 | 13.6 | 11.2 | 12.9 | 2.2 | 0.3 | 11 | 6.8 |
| Net margin | 1.5% | 2.0% | 1.8% | 2.0% | 0.5% | 0.1% | 1.7% | 1.1% |
| EPS (₹) | 6.59 | 7.92 | 6.40 | 7.88 | 1.54 | 0.14 | 6.45 | 4.02 |
| Net profit YoY | −17.5% | +21.5% | −13.6% | +475.7% | +792.5% | −97.7% | +60.7% | – |
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 | 79.8 | 74.5 | 88.2 | 94 | 37.9 |
| Investing cash flow | −45.3 | −44.2 | −44.4 | −55.7 | −8.7 |
| Financing cash flow | −34.8 | −29.9 | −43.2 | −38.7 | −30.4 |
| Capital expenditure | 45.6 | 47.1 | 40.4 | 60.6 | 19.5 |
| Free cash flow (CFO − capex) | 34.2 | 27.3 | 47.7 | 33.4 | 18.3 |
Net profit trend
annual, ₹ croreFY21
₹0.3
FY22
₹2.2+792%
FY23
₹12.9+476%
FY24
₹11.2−14%
FY25
₹13.6+22%
FY26
₹11.2−17%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 17 Oct 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 6 Aug 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 28 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 12 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 12 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 10 Aug 2024 | PDF on NSE XBRL |
| Q4 FY24 | Standalone · audited | 29 May 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 35.2×47.0×
P/B5Y avg 2.41×1.72×
ROEFY26, on average equity4.9%
Net margin1.5%
Debt / equity0.34×
Revenue CAGR (3Y)4.2%
Profit CAGR (3Y)-4.7%
EPS (TTM)₹5.02
Market cap₹402 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.72×
vs 8-point avg 2.41× (−29%)
1.55× low2.41× avg4.08× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹523 Cr+5%
Net worth₹234 Cr+5%
Total borrowings₹80 Cr+7%
Cash & bank balances₹3 Cr−10%
Investments₹0 Cr−100%
Inventories₹181 Cr+4%
Trade receivables₹109 Cr−6%
Trade payables₹69 Cr+4%
Change vs the same date a year earlier.