Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 275 | 293 | 247 | 248 | 235 | 230 | 196 | 230 | 240 | 256 | 205 | 270 | 301 | 334 | 238 | 286 | 324 | 414 | 489 | 436 | 330 | 366 | 349 | 217 | 87.7 | 237 | 170 | 190 | 206 | 0 | 0 |
| Other income | 13.8 | 6.8 | 19.8 | 12.9 | 8 | 8 | 4.4 | 5.8 | 6.4 | 6.4 | 7.7 | 8.5 | 6.6 | 5.3 | 6.5 | 6.4 | 5.7 | 7.1 | 4.8 | 4.9 | 4 | 4 | 6.6 | 4.8 | 3 | 1.7 | 0.8 | 7.8 | 2.6 | 0 | 0 |
| Total expenses | 204 | 281 | 245 | 239 | 223 | 219 | 193 | 235 | 229 | 249 | 208 | 264 | 302 | 336 | 243 | 275 | 281 | 320 | 346 | 283 | 223 | 245 | 233 | 184 | 86.8 | 226 | 160 | 180 | 189 | 0 | 0 |
| EBITDA | 82.8 | 24.9 | 14 | 20.3 | 22.8 | 21 | 12.7 | 3.8 | 20.8 | 17.3 | 5.2 | 14.6 | 7.6 | 6.1 | 4.2 | 17.6 | 50.7 | 103 | 151 | 159 | 113 | 126 | 127 | 37.3 | 5.8 | 15.8 | 15.1 | 15.8 | 22.4 | 0 | 0 |
| EBITDA margin | 30.1% | 8.5% | 5.7% | 8.2% | 9.7% | 9.1% | 6.5% | 1.7% | 8.6% | 6.8% | 2.5% | 5.4% | 2.5% | 1.8% | 1.8% | 6.1% | 15.6% | 24.9% | 30.8% | 36.4% | 34.3% | 34.4% | 36.4% | 17.2% | 6.6% | 6.7% | 8.9% | 8.3% | 10.9% | – | – |
| Finance costs | 3.1 | 3.6 | 3.4 | 3.4 | 3.2 | 2.8 | 2.6 | 2.5 | 2.6 | 3 | 2.3 | 2.2 | 2.2 | 2.4 | 3.3 | 1.8 | 1.8 | 3.6 | 2 | 1.9 | 1.9 | 1.1 | 1.2 | 1.2 | 1.2 | 1.4 | 1.4 | 1.7 | 1.8 | 0 | 0 |
| Depreciation | 9 | 9.5 | 8.7 | 7.9 | 7.7 | 7.1 | 6.7 | 6.6 | 6.6 | 7.1 | 6.1 | 6 | 6.2 | 6.5 | 5.7 | 5.5 | 5.4 | 5.4 | 5.8 | 4.4 | 4.5 | 3.8 | 9.9 | 3.7 | 3.6 | 3.5 | 3.6 | 3.6 | 3.7 | 0 | 0 |
| Profit before tax | 84.5 | 37.1 | 72.4 | 21 | 20 | 15.9 | 7.7 | 0.6 | 17.9 | 8 | 4.5 | 14.9 | 5.9 | 2.4 | 1.7 | 16.7 | 49.2 | 98.3 | 148 | 158 | 107 | 123 | 114 | 26.8 | 3.9 | 5.5 | 10.8 | 18.3 | 19.6 | 0 | 0 |
| Tax | 20.2 | 8.1 | 4 | 2.8 | 5.6 | 5.1 | 2.4 | 0.4 | 4.9 | 6.7 | 1.6 | 4.1 | 1.8 | 2.9 | −1.5 | 5 | 12.9 | 24.4 | 37.6 | 40.3 | 27.2 | 32.1 | 27.6 | 6 | 0.8 | −8.7 | 3.6 | 6.6 | 6.1 | 0 | 0 |
| Net profit | 64.4 | 29 | 68.4 | 18.2 | 14.3 | 10.8 | 5.3 | 0.2 | 13 | 1.3 | 2.9 | 10.9 | 4.1 | −0.5 | 3.1 | 11.7 | 36.3 | 73.9 | 110 | 117 | 79.8 | 91.4 | 86 | 20.8 | 3.1 | 14.1 | 7.3 | 11.7 | 13.5 | 0 | 0 |
| Net margin | 23.4% | 9.9% | 27.7% | 7.3% | 6.1% | 4.7% | 2.7% | 0.1% | 5.4% | 0.5% | 1.4% | 4.0% | 1.4% | -0.1% | 1.3% | 4.1% | 11.2% | 17.9% | 22.5% | 26.9% | 24.2% | 25.0% | 24.6% | 9.6% | 3.5% | 6.0% | 4.3% | 6.2% | 6.6% | – | – |
| EPS (₹) | 3.74 | 1.69 | 3.98 | 1.06 | 0.83 | 0.63 | 0.31 | 0.01 | 0.76 | 0.08 | 0.17 | 0.63 | 0.24 | -0.03 | 0.18 | 0.68 | 2.11 | 4.30 | 6.40 | 6.82 | 4.64 | 5.31 | 5.00 | 1.21 | 0.18 | 0.82 | 0.42 | 0.68 | 0.78 | 0.00 | 0.00 |
| Net profit YoY | +348.8% | +168.6% | +1198.5% | +8975.0% | +10.1% | +731.5% | +79.3% | −98.2% | +216.8% | +387.8% | −6.6% | −7.1% | −88.7% | −100.6% | −97.1% | −90.0% | −54.5% | −19.1% | +28.0% | +464.9% | +2478.6% | +546.2% | +1081.6% | +76.8% | −77.1% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,022 | 897 | 1,032 | 1,181 | 1,672 | 1,020 | 803 | 810 | 765 |
| Other income | 47.5 | 24.5 | 29.2 | 23.8 | 17.9 | 18.5 | 12.9 | 11.5 | 3 |
| Total expenses | 988 | 876 | 1,023 | 1,135 | 1,173 | 749 | 755 | 725 | 681 |
| EBITDA | 82 | 58.3 | 44.7 | 78.5 | 529 | 296 | 69.2 | 98.6 | 97 |
| EBITDA margin | 8.0% | 6.5% | 4.3% | 6.6% | 31.6% | 29.0% | 8.6% | 12.2% | 12.7% |
| Finance costs | 13.6 | 10.5 | 9.6 | 9.2 | 9.3 | 4.7 | 6.3 | 2.3 | 3.3 |
| Depreciation | 33.8 | 27.1 | 25.3 | 23.2 | 20.1 | 21 | 14.5 | 11 | 8.9 |
| Profit before tax | 150 | 42.1 | 33.4 | 70 | 511 | 268 | 54.2 | 113 | 87.8 |
| Tax | 20.5 | 12.7 | 14.1 | 19.3 | 129 | 66.6 | 7.6 | 37.1 | 29.9 |
| Net profit | 130 | 29.3 | 19.2 | 50.7 | 381 | 201 | 46.7 | 77 | 57.9 |
| Net margin | 12.7% | 3.3% | 1.9% | 4.3% | 22.8% | 19.7% | 5.8% | 9.5% | 7.6% |
| EPS (₹) | 7.56 | 1.70 | 1.12 | 2.95 | 22.16 | 11.70 | 2.71 | 4.28 | 3.35 |
| Net profit YoY | +343.4% | +52.6% | −62.1% | −86.7% | +89.4% | +331.3% | −39.4% | +33.1% | – |
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 | 116 | −19 | 63 | 91.9 | 373 |
| Investing cash flow | 75.1 | −155 | −81.6 | −266 | −13.1 |
| Financing cash flow | −9.1 | −0.2 | −6.8 | −64.3 | −26.1 |
| Capital expenditure | 68.6 | 101 | 25.7 | 44.5 | 27.2 |
| Free cash flow (CFO − capex) | 47.7 | −120 | 37.3 | 47.3 | 346 |
Net profit trend
annual, ₹ croreFY21
₹201
FY22
₹381+89%
FY23
₹50.7−87%
FY24
₹19.2−62%
FY25
₹29.3+53%
FY26
₹130+343%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 21 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 21 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 2 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 2 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 10 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 11 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 11 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 27.2×8.1×
P/B5Y avg 1.03×1.14×
ROEFY26, on average equity10.9%
Net margin12.7%
Debt / equity0.05×
Revenue CAGR (3Y)-4.7%
Profit CAGR (3Y)36.9%
EPS (TTM)₹10.46
Market cap₹1,457 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.14×
vs 8-point avg 1.03× (+10%)
0.53× low1.03× avg1.56× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,596 Cr+14%
Net worth₹1,281 Cr+17%
Total borrowings₹58 Cr−55%
Cash & bank balances₹372 Cr+96%
Investments₹6 Cr−58%
Inventories₹154 Cr−21%
Trade receivables₹168 Cr+44%
Trade payables₹113 Cr+14%
Change vs the same date a year earlier.