Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY25
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 563 | 720 | 299 | 407 | 331 | 489 | 290 | 385 |
| Other income | 42.4 | 70.8 | 34.4 | 40.1 | 282 | 37.3 | 18.1 | 23.6 |
| Total expenses | 493 | 699 | 294 | 393 | 325 | 485 | 255 | 363 |
| EBITDA | 88.3 | 45.3 | 24.5 | 23.7 | 22.4 | 24.8 | 41.4 | 29.2 |
| EBITDA margin | 15.7% | 6.3% | 8.2% | 5.8% | 6.8% | 5.1% | 14.3% | 7.6% |
| Finance costs | 11 | 17.4 | 12.6 | 4.3 | 13.6 | 17 | 3.4 | 4 |
| Depreciation | 7.2 | 7 | 6.5 | 5.9 | 3.3 | 3.3 | 2.8 | 2.4 |
| Profit before tax | 113 | 88.2 | 39.3 | 53.5 | 288 | 41.9 | 53.2 | 46.5 |
| Tax | 16 | 27.9 | 11.8 | 2.2 | 52.2 | 14.6 | 11.9 | 5.9 |
| Net profit | 110 | 68.5 | 37.9 | 61.8 | 249 | 24.6 | 41.4 | 40.5 |
| Net margin | 19.5% | 9.5% | 12.7% | 15.2% | 75.1% | 5.0% | 14.3% | 10.5% |
| EPS (₹) | 0.73 | 0.51 | 0.29 | 0.48 | 1.95 | 0.19 | 0.33 | 0.32 |
| Net profit YoY | −55.8% | +179.0% | −8.4% | +52.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 |
|---|---|---|
| Revenue from operations | 1,756 | 1,488 |
| Other income | 427 | 82.6 |
| Total expenses | 1,711 | 1,408 |
| EBITDA | 116 | 118 |
| EBITDA margin | 6.6% | 7.9% |
| Finance costs | 47.9 | 26.9 |
| Depreciation | 22.8 | 10.7 |
| Profit before tax | 469 | 163 |
| Tax | 94 | 36.8 |
| Net profit | 417 | 123 |
| Net margin | 23.7% | 8.3% |
| EPS (₹) | 3.08 | 0.97 |
| Net profit YoY | +238.0% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 |
|---|---|---|
| Operating cash flow | −361 | 145 |
| Investing cash flow | −1,583 | −295 |
| Financing cash flow | 2,489 | 140 |
| Capital expenditure | 81.2 | 2.3 |
| Free cash flow (CFO − capex) | −442 | 142 |
Net profit trend
annual, ₹ croreFY25
₹123
FY26
₹417+238%
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 | 8 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 8 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 9 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 9 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 14 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 14 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 32.4×43.2×
P/B5Y avg 2.29×2.90×
ROEFY26, on average equity12.6%
Net margin23.7%
Debt / equity0.17×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹1.84
Market cap₹12,033 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.90×
vs 3-point avg 2.29× (+27%)
1.51× low2.29× avg2.90× high
History points are balance-sheet dates (2025 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹7,180 Cr+69%
Net worth₹4,143 Cr+69%
Total borrowings₹723 Cr+26%
Cash & bank balances₹342 Cr+138%
Investments₹58 Cr−98%
Inventories₹562 Cr+248%
Trade receivables₹269 Cr−2%
Trade payables₹221 Cr+109%
Change vs the same date a year earlier.
Revenue mix FY26
Engineering55.4%result ₹178 Cr
Steel33.5%result ₹298 Cr
Electrical8.2%result ₹13.5 Cr
Real Estate2.9%result ₹5.7 Cr
Segment revenue as reported, before inter-segment eliminations.