Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY23
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 86.1 | 81.8 | 105 | 107 | 135 | 146 | 155 | 185 | 196 | 201 | 204 | 248 | 287 | 330 | 285 |
| Other income | 0.1 | 3.1 | 2 | 3 | 1.2 | 1 | 3.6 | 11 | 5 | 40.8 | 19.4 | 3.9 | 8 | 25.4 | 5.9 |
| Total expenses | 96.2 | 94.9 | 120 | 129 | 172 | 182 | 194 | 243 | 227 | 247 | 236 | 273 | 316 | 354 | 315 |
| EBITDA | −2.3 | −1.6 | −2 | −6.7 | −19.7 | −14.7 | −18.6 | −36.9 | −7.8 | −21.1 | −9.5 | −2.6 | −9.4 | −4.3 | −14.2 |
| EBITDA margin | -2.7% | -1.9% | -1.9% | -6.3% | -14.5% | -10.1% | -12.0% | -19.9% | -4.0% | -10.5% | -4.6% | -1.0% | -3.3% | -1.3% | -5.0% |
| Finance costs | 5 | 6.7 | 7.6 | 9 | 9.5 | 13.1 | 11.7 | 12 | 14.2 | 16 | 12.7 | 13.3 | 10.8 | 10.1 | 6.3 |
| Depreciation | 2.8 | 4.7 | 5.1 | 7.1 | 7.5 | 8.4 | 8.6 | 8.7 | 8.9 | 9.3 | 9.6 | 9.6 | 9.3 | 9.2 | 9.2 |
| Profit before tax | −7.7 | −22.5 | −8.9 | −19.3 | −30.9 | 27.8 | −35.2 | −54 | −25.9 | −5.5 | −12.4 | −21.7 | −21.6 | 1.8 | −23.9 |
| Tax | −0.9 | −11.6 | 11.3 | −3.9 | −5.8 | −13 | −7.4 | −1.1 | −6.9 | 3.1 | −5.3 | −6.8 | −7.5 | −1.3 | −3.5 |
| Net profit | −1.5 | −24.1 | −12.2 | −11.3 | −17 | 39.3 | −26.2 | −50.7 | −13.7 | −13.4 | −2.2 | −14.1 | −9.8 | 0.4 | −17.9 |
| Net margin | -1.7% | -29.5% | -11.6% | -10.6% | -12.6% | 27.0% | -16.9% | -27.4% | -7.0% | -6.7% | -1.1% | -5.7% | -3.4% | 0.1% | -6.3% |
| EPS (₹) | -0.66 | -36.80 | -37.90 | -23.55 | -35.32 | 81.69 | -54.39 | -105.32 | -28.37 | -27.76 | -4.52 | -29.34 | -20.39 | 0.81 | -37.14 |
| Net profit YoY | +91.2% | −161.3% | +53.4% | +77.6% | −24.5% | +394.3% | −1104.1% | −258.9% | −39.2% | −3510.1% | +87.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 422 | 682 | 939 | 1,403 |
| Other income | 9.1 | 8.3 | 72.1 | 35.3 |
| Total expenses | 494 | 846 | 1,072 | 1,441 |
| EBITDA | −19.2 | −77.9 | −42.5 | 30.3 |
| EBITDA margin | -4.5% | -11.4% | -4.5% | 2.2% |
| Finance costs | 32.8 | 51 | 52.9 | 31.8 |
| Depreciation | 19.8 | 34.7 | 37.8 | 36.6 |
| Profit before tax | −66.3 | −87.4 | −61.1 | −2.7 |
| Tax | −10 | −28.3 | −16.4 | −2.7 |
| Net profit | −64.7 | −51.2 | −39.5 | 2.8 |
| Net margin | -15.3% | -7.5% | -4.2% | 0.2% |
| EPS (₹) | -101.89 | -106.39 | -82.00 | 5.90 |
| Net profit YoY | −26.2% | −29.7% | −1488.7% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | 88.6 | 148 | 106 | 65.7 |
| Investing cash flow | 141 | 110 | −15.8 | −77.9 |
| Financing cash flow | −230 | −259 | −93 | 10 |
| Capital expenditure | 4.7 | 0.7 | 20.3 | 79.8 |
| Free cash flow (CFO − capex) | 83.9 | 147 | 86.2 | −14.1 |
Net profit trend
annual, ₹ croreFY23
₹2.8
FY24
₹−39.5−1489%
FY25
₹−51.2−30%
FY26
₹−64.7−26%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 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 |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 91.2×-2.2×
P/B5Y avg 0.68×0.53×
ROEFY26, on average equity-27.4%
Net margin-15.3%
Debt / equity1.06×
Revenue CAGR (3Y)-33.0%
Profit CAGR (3Y)–
EPS (TTM)₹-102.03
Market cap₹107 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.53×
vs 7-point avg 0.68× (−23%)
0.41× low0.68× avg0.95× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹525 Cr−38%
Net worth₹204 Cr−24%
Total borrowings₹216 Cr−48%
Cash & bank balances₹1 Cr+124%
Investments₹37 Cr+4%
Inventories₹105 Cr−50%
Trade receivables₹64 Cr−53%
Trade payables₹48 Cr−40%
Change vs the same date a year earlier.
Revenue mix Q3 FY23
Manufacturing100.0%result ₹−17.4 Cr
Segment revenue as reported, before inter-segment eliminations.