Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | 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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 198 | 114 | 125 | 117 | 141 | 123 | 156 | 162 | 155 | 210 | 129 | 210 | 170 | 278 | 170 | 97.7 | 165 | 68 | 37.4 | 35.4 | 69.1 | 53.4 | 24.3 | 58.7 | 41.9 | 59.4 | 0 |
| Other income | 19.5 | 38.3 | 15.9 | 38.2 | 50.1 | 26.2 | 19.7 | 10.8 | 11 | 10.1 | 10.5 | 9.7 | 9.1 | 11.6 | 12 | 9.8 | 10.2 | 9.6 | 9.4 | 8.9 | 3.4 | 9.2 | 2.3 | 2.7 | −12.4 | 6.2 | 0 |
| Total expenses | 152 | 89.3 | 100 | 77.3 | 122 | 96.3 | 117 | 129 | 123 | 164 | 105 | 174 | 157 | 187 | 166 | 92.8 | 148 | 74.2 | 45.7 | 41.1 | 65.1 | 55.5 | 22.1 | 48.4 | 43.6 | 51.2 | 0 |
| EBITDA | 46.5 | 24.9 | 25 | 42 | 30.9 | 36.4 | 52.7 | 52.9 | 47.2 | 76.3 | 48.3 | 61.1 | 41.2 | 126 | 36 | 35.8 | 44.1 | 12.1 | 7.5 | 10.6 | 16.8 | 11.7 | 14 | 21.3 | 9.2 | 23.5 | 0 |
| EBITDA margin | 23.6% | 21.9% | 20.1% | 36.0% | 22.0% | 29.5% | 33.7% | 32.6% | 30.3% | 36.3% | 37.4% | 29.1% | 24.2% | 45.4% | 21.2% | 36.6% | 26.7% | 17.9% | 20.1% | 30.1% | 24.3% | 21.8% | 57.4% | 36.3% | 22.0% | 39.5% | – |
| Finance costs | 0.7 | 0.3 | 0.1 | 2.1 | 12.1 | 8.7 | 12.9 | 18.9 | 13.8 | 28.8 | 23.4 | 25 | 27.4 | 33.7 | 31.4 | 30.1 | 26.4 | 17.6 | 15.1 | 15.7 | 11.4 | 11.1 | 11 | 10.3 | 9.3 | 13.8 | 0 |
| Depreciation | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.7 | 0.7 | 0.8 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 1.3 | 2.6 | 0.8 | 0.8 | 1.5 | 1.5 | 0 |
| Profit before tax | 64.9 | 62.5 | 38.2 | 77.8 | 68.4 | 53.3 | 58.8 | 44.1 | 43.7 | 56.8 | 34.6 | 45.1 | 22.2 | 103 | 15.7 | 14.7 | 27.2 | 3.4 | 1.1 | 3.1 | 7.4 | 7.2 | 4.6 | 12.9 | −14.1 | 14.4 | 0 |
| Tax | 15.8 | 18.2 | 10.5 | 14 | 15.9 | 11 | 9.3 | 11.3 | 12.2 | 15.4 | 7.5 | 11.3 | 6.6 | 28 | 4.4 | 4.2 | 7.7 | 1.4 | 1.1 | 1.2 | 4.2 | 2.1 | 1.1 | 1.5 | −2.1 | 1 | 0 |
| Net profit | 52.4 | 45.5 | 32.7 | 66.5 | 61.6 | 49 | 49.5 | 37.8 | 40.4 | 50.8 | 34.5 | 43.1 | 16.3 | 80.1 | 15.8 | 11.5 | 23.2 | 7.6 | 3.6 | 4.5 | −7.6 | 7.3 | 4.3 | 11.8 | −11 | 14.2 | 0 |
| Net margin | 26.5% | 40.1% | 26.2% | 56.9% | 43.7% | 39.8% | 31.7% | 23.3% | 26.0% | 24.1% | 26.7% | 20.5% | 9.5% | 28.8% | 9.3% | 11.8% | 14.0% | 11.1% | 9.6% | 12.6% | -11.0% | 13.7% | 17.8% | 20.2% | -26.3% | 23.9% | – |
| EPS (₹) | 7.78 | 6.75 | 4.85 | 9.80 | 11.69 | 9.58 | 9.46 | 7.22 | 7.78 | 10.22 | 7.32 | 9.11 | 3.50 | 17.02 | 3.17 | 2.47 | 5.07 | 1.58 | 0.78 | 0.95 | -1.68 | 1.57 | 0.94 | 2.47 | -1.37 | 2.81 | 0.00 |
| Net profit YoY | −14.8% | – | −33.3% | +34.5% | +62.9% | −3.4% | +43.4% | −12.3% | +148.9% | −36.7% | +118.5% | +274.5% | −29.8% | +960.9% | +338.0% | +157.6% | +405.8% | +3.0% | −16.8% | −62.2% | +31.4% | −48.3% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 496 | 705 | 717 | 306 | 206 | 241 | 13.2 |
| Other income | 142 | 41.2 | 42.4 | 38.2 | 17.6 | 8.3 | 56.8 |
| Total expenses | 389 | 566 | 603 | 309 | 191 | 223 | 31.4 |
| EBITDA | 121 | 233 | 239 | 74.4 | 63.7 | 64.3 | −12.9 |
| EBITDA margin | 24.4% | 33.0% | 33.4% | 24.3% | 31.0% | 26.7% | -98.3% |
| Finance costs | 12.8 | 90.9 | 123 | 74.7 | 43.8 | 41 | 4.6 |
| Depreciation | 1.6 | 3 | 3.1 | 3 | 5.4 | 5.7 | 0.8 |
| Profit before tax | 247 | 180 | 156 | 35 | 32.1 | 25.9 | 38.5 |
| Tax | 58.5 | 46.4 | 43.3 | 11.4 | 8.9 | 5.4 | 10.5 |
| Net profit | 206 | 169 | 124 | 38.9 | 15.9 | 24.9 | 38.7 |
| Net margin | 41.6% | 24.0% | 17.3% | 12.7% | 7.7% | 10.3% | 294.6% |
| EPS (₹) | 32.56 | 34.43 | 26.12 | -1.68 | 3.30 | 5.23 | 15.85 |
| Net profit YoY | – | +36.5% | +218.0% | +144.2% | −36.1% | – | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating cash flow | −54.2 | 22.1 | 386 | 127 |
| Investing cash flow | −292 | 112 | −46 | −507 |
| Financing cash flow | 411 | −155 | −326 | 355 |
| Capital expenditure | 0 | 1.5 | 0 | 0 |
| Free cash flow (CFO − capex) | −54.2 | 20.6 | 386 | 127 |
Net profit trend
annual, ₹ croreFY20
₹24.9
FY21
₹15.9−36%
FY22
₹38.9+144%
FY23
₹124+218%
FY24
₹169+36%
FY26
₹206+22%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 27 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 27 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 11 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 16.0×14.1×
P/B5Y avg 2.68×1.22×
ROEFY26, on average equity12.6%
Net margin41.6%
Debt / equity0.04×
Revenue CAGR (3Y)17.5%
Profit CAGR (3Y)74.4%
EPS (TTM)₹29.25
Market cap₹2,776 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.22×
vs 7-point avg 2.68× (−54%)
1.13× low2.68× avg4.29× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,760 Cr+23%
Net worth₹2,275 Cr+128%
Total borrowings₹99 Cr−87%
Cash & bank balances₹83 Cr+705%
Investments₹399 Cr+448%
Inventories₹837 Cr+35%
Trade receivables₹57 Cr−39%
Trade payables₹55 Cr+10%
Change vs the same date a year earlier.