Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 90.9 | 99.9 | 91.2 | 83.1 | 98 | 61 | 76.7 | 104 | 83.9 | 68.2 | 75.8 | 73.6 | 41.3 | 39.6 | 47.5 | 36.2 | 32.6 | 32.6 | 36.6 |
| Other income | 0.2 | −0.3 | 0.8 | 0.3 | 0.4 | 0.8 | 0.1 | 0.2 | 1 | 7.3 | 7.1 | 4.6 | 1.1 | −2.2 | 3.7 | 1.5 | 3.1 | 4.3 | 4.3 |
| Total expenses | 35.5 | 36.1 | 31.3 | 22.6 | 38.9 | 27.1 | 26.6 | 47.7 | 33.6 | 35.4 | 30.3 | 27.7 | 21.4 | 31.3 | 32.2 | 20.8 | 19.7 | 20.7 | 21.4 |
| EBITDA | 60 | 67.9 | 63.6 | 63.8 | 62.6 | 38.2 | 55.3 | 66 | 56.3 | 38.2 | 50.1 | 48.8 | 21.7 | 10.3 | 17.6 | 17 | 13.8 | 13 | 16.2 |
| EBITDA margin | 66.0% | 67.9% | 69.7% | 76.7% | 63.9% | 62.7% | 72.2% | 63.4% | 67.0% | 56.1% | 66.1% | 66.4% | 52.5% | 26.0% | 37.1% | 47.0% | 42.4% | 39.8% | 44.1% |
| Finance costs | 2.3 | 2 | 1.8 | 1.4 | 1.6 | 2.4 | 3.3 | 6.4 | 5.4 | 5 | 4.1 | 2.6 | 1.4 | 1.7 | 2 | 1.4 | 0.7 | 0.8 | 0.7 |
| Depreciation | 2.3 | 2.1 | 1.9 | 1.9 | 1.8 | 1.9 | 1.9 | 3.2 | 0.5 | 0.5 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 |
| Profit before tax | 55.6 | 63.4 | 60.6 | 60.8 | 59.5 | 34.7 | 50.1 | 56.6 | 51.3 | 40 | 52.6 | 50.4 | 21 | 6.1 | 19 | 16.8 | 15.9 | 16.2 | 19.5 |
| Tax | 10.4 | 17.8 | 15.2 | 15.8 | 14.3 | 10 | 9.6 | 12.6 | 11.2 | 9.5 | 14 | 13.4 | 4 | 1.6 | 5 | 4.8 | 3.5 | 4 | 5 |
| Net profit | 45.2 | 45.6 | 45.4 | 45 | 45.3 | 24.7 | 40.5 | 44 | 40.1 | 30.5 | 38.6 | 37 | 17 | 4.5 | 14 | 12 | 12.4 | 12.3 | 14.5 |
| Net margin | 49.7% | 45.6% | 49.8% | 54.1% | 46.2% | 40.5% | 52.9% | 42.3% | 47.7% | 44.8% | 50.9% | 50.3% | 41.2% | 11.3% | 29.5% | 33.3% | 38.2% | 37.6% | 39.6% |
| EPS (₹) | 5.70 | 5.75 | 5.73 | 5.67 | 5.76 | 3.15 | 5.16 | 6.13 | 11.83 | 9.02 | 11.38 | 10.93 | 5.03 | 1.34 | 4.51 | 3.81 | 4.00 | 4.05 | 4.84 |
| Net profit YoY | −0.2% | +84.3% | +12.1% | +2.2% | +13.0% | −19.1% | +5.1% | +18.8% | +135.2% | +579.8% | +175.2% | +207.5% | +37.0% | −63.4% | −3.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 372 | 327 | 260 | 156 | 144 |
| Other income | 1.1 | 1.2 | 19.4 | 6.1 | 10.1 |
| Total expenses | 129 | 135 | 115 | 104 | 82.1 |
| EBITDA | 258 | 217 | 160 | 58.7 | 65.4 |
| EBITDA margin | 69.3% | 66.3% | 61.5% | 37.7% | 45.3% |
| Finance costs | 6.8 | 17.7 | 13 | 5.8 | 2 |
| Depreciation | 7.8 | 7.5 | 1.7 | 1.1 | 1 |
| Profit before tax | 244 | 193 | 164 | 57.9 | 72.2 |
| Tax | 63.1 | 43.4 | 40.9 | 15 | 18.1 |
| Net profit | 181 | 149 | 123 | 43 | 54.1 |
| Net margin | 48.7% | 45.7% | 47.4% | 27.6% | 37.4% |
| EPS (₹) | 22.91 | 20.15 | 36.36 | 12.63 | 18.63 |
| Net profit YoY | +21.4% | +21.2% | +186.6% | −20.5% | – |
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 | 114 | 29.7 | −145 | −20.8 | 45.1 |
| Investing cash flow | −2.4 | −86.8 | 11.8 | −17.7 | −0.3 |
| Financing cash flow | −1.7 | 171 | 93.7 | −4.7 | 13.7 |
| Capital expenditure | 8.3 | 16.2 | 6.2 | 4 | 1.7 |
| Free cash flow (CFO − capex) | 106 | 13.5 | −151 | −24.8 | 43.4 |
Net profit trend
annual, ₹ croreFY22
₹54.1
FY23
₹43−20%
FY24
₹123+187%
FY25
₹149+21%
FY26
₹181+21%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 15 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 15 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 22 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 22 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 23 Jul 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 23 Jul 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 15.8×15.9×
P/B5Y avg 4.25×2.96×
ROEFY26, on average equity20.5%
Net margin48.7%
Debt / equity0.03×
Revenue CAGR (3Y)33.6%
Profit CAGR (3Y)61.6%
EPS (TTM)₹22.85
Market cap₹2,875 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.96×
vs 8-point avg 4.25× (−30%)
2.04× low4.25× avg7.28× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,572 Cr+27%
Net worth₹971 Cr+22%
Total borrowings₹27 Cr+191%
Cash & bank balances₹273 Cr+68%
Investments₹218 Cr+82%
Inventories₹0 Cr
Trade receivables₹214 Cr+136%
Trade payables₹504 Cr+50%
Change vs the same date a year earlier.
Revenue mix FY26
Fees and Commission Income41.1%result ₹251 Cr
Interest Income29.5%result ₹0 Cr
Net Gain/(Loss) on Fair Value Changes26.9%result ₹0 Cr
Non Banking Financial Business1.6%result ₹4.9 Cr
Others0.3%result ₹−0.6 Cr
Insurance Business0.3%result ₹0.2 Cr
Other Income0.2%result ₹0 Cr
Segment revenue as reported, before inter-segment eliminations.