Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY19
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 94.2 | 119 | 88.4 | 85 | 77.4 | 88.9 | 81.1 | 71.9 | 189 | 199 | 185 | 188 | 179 | 197 | 169 | 175 | 181 | 196 | 189 | 228 | 264 | 311 | 158 | 209 | 102 | 194 | 285 | 267 | 485 | 0 |
| Other income | 23.8 | 31.6 | 18.3 | 17.3 | 16.2 | 23.2 | 15.1 | 21.3 | 19 | 147 | 19.4 | 23.5 | 20.8 | 35.8 | 14.2 | 93.9 | 14.2 | 228 | 8.6 | 5.5 | 5 | 200 | 7.1 | 3.6 | 2.6 | 36.5 | 9.8 | 12.1 | 6.1 | 0 |
| Total expenses | 39.5 | 45.5 | 40.2 | 36.1 | 34 | 36.5 | 34.4 | 34.3 | 125 | 238 | 127 | 131 | 118 | 120 | 118 | 194 | 114 | 359 | 130 | 188 | 215 | 452 | 135 | 168 | 103 | 210 | 238 | 233 | 445 | 0 |
| EBITDA | 57.7 | 76 | 51 | 51.5 | 45.6 | 54.5 | 48.8 | 40.4 | 70.9 | −32.2 | 64.6 | 62.2 | 66.5 | 81.9 | 55.9 | −13.9 | 71.7 | −157 | 64.8 | 46 | 55.2 | −135 | 29.6 | 48.3 | 6.1 | −6 | 57.5 | 45.7 | 52.9 | 0 |
| EBITDA margin | 61.3% | 63.9% | 57.6% | 60.6% | 59.0% | 61.3% | 60.1% | 56.1% | 37.4% | -16.2% | 34.9% | 33.1% | 37.1% | 41.7% | 33.1% | -8.0% | 39.7% | -80.3% | 34.3% | 20.2% | 20.9% | -43.4% | 18.7% | 23.1% | 6.0% | -3.1% | 20.2% | 17.1% | 10.9% | – |
| Finance costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.9 | 1.5 | 1.5 | 1.5 | 1.6 | 2.6 | 5.4 | 6.8 | 8 | 8.6 | 0 |
| Depreciation | 3 | 2.7 | 2.7 | 2.7 | 2.2 | 2.2 | 2 | 2.6 | 6.7 | 6.3 | 7 | 5.5 | 5.5 | 5.7 | 5.5 | 5.4 | 5.3 | 5.7 | 5.2 | 5.2 | 4.6 | 4.4 | 4.7 | 4.8 | 4.8 | 4.8 | 4 | 4 | 3.9 | 0 |
| Profit before tax | 78.5 | 105 | 66.5 | 66.2 | 59.6 | 65.1 | 337 | 57 | 83.2 | 108 | 77.1 | 80.2 | 81.8 | 112 | 64.6 | 74.6 | 80.5 | 65.1 | 68 | 45.5 | 54.1 | 59.6 | 30.4 | 45.5 | 1.3 | 20.4 | 56.5 | 46 | 46.6 | 0 |
| Tax | 20.4 | 27.6 | 14.1 | 17 | 15.3 | −12 | 84.9 | 14 | 20.1 | 58.4 | 24.8 | 22.7 | 29.9 | 34.1 | 16.5 | 10.3 | 26.2 | −30.7 | 26.9 | 17.3 | 20.3 | −15.9 | 19.3 | 16.3 | 3.2 | 15.6 | 21.9 | 15.9 | 16.3 | 0 |
| Net profit | 58.2 | 77.2 | 51.4 | 47.5 | 42.3 | 75.5 | 251 | 56.4 | 61.9 | 48.4 | 50 | 55.3 | 50.6 | 77 | 47 | 63.7 | 54.3 | 96 | 41.3 | 28.3 | 33.6 | 75.8 | 11.1 | 28.8 | −2.8 | 4.7 | 33.9 | 29.3 | 29.1 | 0 |
| Net margin | 61.8% | 65.0% | 58.1% | 55.9% | 54.7% | 85.0% | 309.1% | 78.4% | 32.7% | 24.3% | 27.0% | 29.5% | 28.3% | 39.2% | 27.9% | 36.4% | 30.1% | 49.0% | 21.9% | 12.4% | 12.7% | 24.4% | 7.1% | 13.7% | -2.7% | 2.4% | 11.9% | 11.0% | 6.0% | – |
| EPS (₹) | 8.27 | 10.97 | 7.30 | 6.75 | 6.01 | 10.73 | 35.63 | 5.89 | 8.79 | 6.88 | 7.10 | 7.86 | 7.19 | 10.93 | 6.68 | 9.04 | 7.71 | 13.63 | 5.87 | 4.02 | 4.77 | 10.77 | 1.58 | 4.08 | -0.39 | 0.67 | 4.82 | 4.17 | 4.13 | 0.00 |
| Net profit YoY | +37.5% | +2.3% | −79.5% | −15.8% | −31.6% | +55.9% | +402.0% | +1.9% | +22.3% | −37.0% | +6.2% | −13.1% | −6.8% | −19.8% | +13.9% | +125.0% | +61.8% | +26.6% | +270.6% | −1.6% | +1311.9% | +1511.3% | −67.1% | −2.0% | −109.5% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 370 | 311 | 751 | 721 | 876 | 780 | 1,231 | 3,292 |
| Other income | 83.4 | 76.5 | 211 | 158 | 247 | 214 | 64.6 | 48.3 |
| Total expenses | 156 | 137 | 614 | 547 | 891 | 857 | 1,127 | 3,575 |
| EBITDA | 224 | 183 | 161 | 196 | 8.9 | −51 | 150 | −210 |
| EBITDA margin | 60.6% | 59.0% | 21.5% | 27.1% | 1.0% | -6.5% | 12.2% | -6.4% |
| Finance costs | 0 | 0.2 | 0.4 | 0.1 | 2.6 | 7.1 | 28.7 | 57.8 |
| Depreciation | 10.4 | 9.1 | 24.2 | 21.8 | 20.8 | 18.7 | 16.6 | 14.7 |
| Profit before tax | 297 | 514 | 347 | 332 | 233 | 137 | 169 | −235 |
| Tax | 74 | 101 | 136 | 87.2 | 33.8 | 22.9 | 69.7 | 69.7 |
| Net profit | 218 | 407 | 204 | 242 | 199 | 113 | 97 | −307 |
| Net margin | 59.1% | 130.9% | 27.2% | 33.6% | 22.7% | 14.5% | 7.9% | -9.3% |
| EPS (₹) | 31.03 | 57.82 | 29.03 | 34.37 | 28.29 | 16.05 | 13.78 | -43.62 |
| Net profit YoY | −46.3% | +99.2% | −15.5% | +21.5% | +76.3% | +16.4% | +131.6% | – |
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 | −27.8 | 260 | −312 | 886 | 168 |
| Investing cash flow | 257 | 165 | −244 | −593 | −69.9 |
| Financing cash flow | −53.5 | −289 | −96.4 | −119 | −98.3 |
| Capital expenditure | 22.3 | 24.6 | 132 | 21.5 | 72.7 |
| Free cash flow (CFO − capex) | −50 | 236 | −444 | 865 | 95.7 |
Net profit trend
annual, ₹ croreFY21
₹113
FY22
₹199+76%
FY23
₹242+22%
FY24
₹204−16%
FY25
₹407+99%
FY26
₹218−46%
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 | 29 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 14.2×22.3×
P/B5Y avg 3.89×5.77×
ROEFY26, on average equity26.6%
Net margin59.1%
Debt / equity0.16×
Revenue CAGR (3Y)-20.0%
Profit CAGR (3Y)-3.4%
EPS (TTM)₹33.28
Market cap₹5,215 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.77×
vs 8-point avg 3.89× (+48%)
2.26× low3.89× avg6.59× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,011 Cr−5%
Net worth₹904 Cr+22%
Total borrowings₹145 Cr+0%
Cash & bank balances₹554 Cr+46%
Investments₹0 Cr
Inventories₹0 Cr
Trade receivables₹227 Cr−27%
Trade payables₹126 Cr+2%
Change vs the same date a year earlier.
Revenue mix FY26
E-commerce94.2%result ₹409 Cr
Marketing5.8%result ₹25.4 Cr
Segment revenue as reported, before inter-segment eliminations.