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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q1 FY20

₹ 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	Q2 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20
Revenue from operations	0.7	0.6	0.3	1.1	1.4	0.2	0.3	1.6	0.7	0.6	0.7	−211	214	708	545	2,256	2,321	2,316	4,904	11,514	6,776	2,405	26,305	8,295	6,784	7,198
Other income	145	35.4	34.2	37.4	70.2	43.9	35.1	43	138	64.3	62.6	43.3	28.8	43.4	23.3	5.2	1.2	8.4	2.9	3.4	3.7	3.1	36.3	2.8	3.3	18.5
Total expenses	21.6	117	24.6	24.1	25.7	33.6	32.4	32.9	52.4	34.9	37.1	−178	279	734	592	1,802	2,395	2,394	4,979	11,556	6,831	2,473	26,516	8,286	6,751	7,192
EBITDA	−20.2	−114	−23	−22.1	−23.1	−27.2	−30.6	−30.2	−50.6	−32.8	−36.4	−30.4	−63	−17.8	−35.9	513	−19.4	−26.1	−25.9	10.9	−5.8	−19.8	−62.8	49.5	60.8	32.8
EBITDA margin	-2969.1%	-18606.6%	-6767.6%	-2004.5%	-1698.5%	-11843.5%	-12224.0%	-1938.5%	-7787.7%	-5123.4%	-4982.2%	14.4%	-29.4%	-2.5%	-6.6%	22.7%	-0.8%	-1.1%	-0.5%	0.1%	-0.1%	-0.8%	-0.2%	0.6%	0.9%	0.5%
Finance costs	0.1	0.2	0.3	0	0.2	4.6	0.6	0.1	0.1	0.2	−1	1.1	0.5	6.8	9.7	57.3	53.2	50.2	48.3	51.1	48.1	47.4	142	39.3	26.8	25.9
Depreciation	0.7	2.2	1	1	1	1.5	1	1	1	1.4	1	0.8	1.2	1.4	1.3	1.4	1.4	1.3	1.3	1.4	1.6	1.4	6.5	1.2	1.4	1.3
Profit before tax	125	15.5	9.5	392	45.9	12.6	3	39.4	42.2	31	26.3	12.1	6.7	18.2	1,390	475	−84.3	−206	−95	−57.9	−38.8	−92.4	−220	13.9	37.4	24.2
Tax	30.8	−16.2	−0.6	259	9.2	12.3	3.6	1.2	10.6	−0.8	3.4	1.5	3.8	5	273	363	0.2	0.3	0.2	0.5	0.6	0.2	0.9	9.9	11.7	2.9
Net profit	104	126	46.3	171	44.3	2.2	3.7	48.1	32.7	69.8	55.7	52	14.7	9.9	1,577	118	−73.9	−211	−96.2	−52.2	−44.5	−93.2	−274	12.5	−47.8	27.7
Net margin	15329.4%	20660.7%	13608.8%	15528.2%	3254.4%	969.6%	1464.0%	3080.1%	5029.2%	10903.1%	7631.5%	-24.7%	6.8%	1.4%	289.1%	5.2%	-3.2%	-9.1%	-2.0%	-0.5%	-0.7%	-3.9%	-1.0%	0.2%	-0.7%	0.4%
EPS (₹)	0.69	0.84	0.31	1.14	0.30	0.01	0.02	0.32	0.22	0.47	0.37	0.35	0.10	0.07	10.51	0.79	-0.49	-1.40	-0.64	-0.35	-0.30	-0.62	-1.82	0.08	-0.32	0.18
Net profit YoY	+135.5%	+5551.6%	+1164.2%	+255.5%	+35.4%	−96.8%	−93.4%	−7.7%	+123.1%	+608.4%	–	−96.7%	–	−91.7%	+848.4%	–	−41.5%	−373.1%	−3.2%	−518.4%	+6.8%	−436.7%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY20
Revenue from operations	3.4	2.7	5.3	3,528	11,796	29,440
Other income	177	260	199	93.1	17.7	20.9
Total expenses	191	151	173	3,762	11,569	29,330
EBITDA	−182	−139	−163	−108	441	182
EBITDA margin	-5327.0%	-5154.6%	-3043.8%	-3.1%	3.7%	0.6%
Finance costs	0.8	5.4	0.7	121	209	66.7
Depreciation	5.1	4.5	4.3	5.3	5.3	5.7
Profit before tax	463	97.2	76	1,276	89.4	121
Tax	251	27.7	7.8	204	363	37.2
Net profit	387	86.6	192	1,562	−262	109
Net margin	11360.1%	3220.4%	3598.9%	44.3%	-2.2%	0.4%
EPS (₹)	387.38	0.58	1.28	10.42	-1.75	0.72
Net profit YoY	+347.2%	−54.9%	−87.7%	+695.4%	–	–

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	−605	−363	−353	754	−0.3
Investing cash flow	579	278	198	1,959	2.9
Financing cash flow	−0.8	−5.4	−43.4	−2,547	−5.1
Capital expenditure	0.1	0.2	0.4	0	1.4
Free cash flow (CFO − capex)	−605	−363	−353	754	−1.7

Net profit trend

annual, ₹ crore

FY20

₹109

FY22

₹−262−341%

FY23

₹1,562+695%

FY24

₹192−88%

FY25

₹86.6−55%

FY26

₹387+347%

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	30 May 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	–	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	–	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	30 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	12 Feb 2026	PDF XBRL

Annual reports

NSE archive

FY2616.02 MB FY2519.53 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 41.3×19.6×

P/B5Y avg 5.03×4.13×

ROEFY26, on average equity20.3%

Net margin11360.1%

Debt / equity0.00×

Revenue CAGR (3Y)-90.1%

Profit CAGR (3Y)-37.2%

EPS (TTM)₹2.98

Market cap₹8,753 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

4.13×

vs 8-point avg 5.03× (−18%)

2.96× low5.03× avg7.81× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹2,796 Cr−20%

Net worth₹2,121 Cr+25%

Total borrowings₹0 Cr

Cash & bank balances₹3 Cr−91%

Investments₹94 Cr+47%

Inventories₹0 Cr−100%

Trade receivables₹24 Cr−80%

Trade payables₹238 Cr−1%

Change vs the same date a year earlier.

Revenue mix FY26

g) Others77.1%result ₹1.5 Cr

a) Precious Metals21.4%result ₹0.4 Cr

f) Fertilizer1.5%result ₹0.1 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	89.93	89.93	89.93	89.93	89.93	89.93	89.93	89.93	89.93	89.93	89.93	89.93
FII	0.16	0.13	0.02	0.09	0.11	0.16	0.11	0.09	0.02	0.15	0.00	0.03
DII	1.78	1.77	1.76	1.85	1.87	1.87	1.86	2.14	2.67	2.70	2.43	2.52
of which MF	0.07	0.06	0.06	0.05	0.05	–	–	–	–	–	–	–
Retail	7.49	7.57	7.69	7.56	7.55	7.42	7.51	7.27	6.77	6.64	7.01	7.00
Other public	0.64	0.60	0.60	0.57	0.54	0.62	0.59	0.57	0.61	0.58	0.63	0.52

3,55,989 shareholders · NSE shareholding pattern filings.