Quarterly results
consolidated · as filed with NSE · Q4 FY26 back to Q4 FY18
| ₹ crore | 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 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 9.9 | 7 | 12.4 | 6.9 | 12.9 | 12.1 | 11.5 | 13.9 | 9.6 | 10.9 | 14.1 | 12.7 | 9.1 | 13.6 | 17.1 | 18.4 | 8.3 | 9 | 16.4 | 19.3 | 3.9 | 12.9 | 35 | 23.4 | 23.3 | 54.8 | 64.4 | 49.7 | 58.2 | 70.4 | 40.8 |
| Other income | 2.2 | 0.7 | 0.9 | 0.6 | 2 | 0.8 | 0.6 | 2 | 0.8 | −7.9 | 5.2 | 6 | 1.8 | 0.7 | 0.1 | 1.9 | 8.7 | 0.4 | 0.4 | 5.5 | 8.9 | 13.8 | 9.3 | 5.9 | 5.8 | 4.1 | 8.3 | 5.5 | 4.1 | 3.8 | 3.1 |
| Total expenses | 9.1 | 9.5 | 11.6 | 12.5 | 15.5 | 18.2 | 21.1 | 19.1 | 20.4 | 10.1 | 24.2 | 23 | 43.9 | 19.7 | 22.9 | 22.9 | 26.5 | 19.2 | 21.5 | 23.7 | 32.8 | 25.8 | 40.4 | 32 | 55.2 | 53.5 | 64.9 | 51.7 | 59.8 | 73.9 | 134 |
| EBITDA | 4.8 | −0.6 | 3 | −2.7 | 2.7 | −0.6 | −4.1 | 0.6 | −5 | 6.3 | −4.4 | −4.7 | −29.3 | −0.8 | −1.3 | −0.3 | −13.2 | −4.3 | 1.9 | 3.1 | −19.4 | −2.6 | 5.9 | 3.3 | −13.7 | 17.9 | 15.9 | 7 | 8.3 | 7.4 | −82.1 |
| EBITDA margin | 48.7% | -7.9% | 24.6% | -39.6% | 21.0% | -4.8% | -35.2% | 4.7% | -52.3% | 58.2% | -31.2% | -37.1% | -320.1% | -5.7% | -7.6% | -1.7% | -158.6% | -48.2% | 11.7% | 16.2% | -491.7% | -20.1% | 16.8% | 13.9% | -58.9% | 32.7% | 24.7% | 14.1% | 14.2% | 10.5% | -201.4% |
| Finance costs | 2.5 | 0.6 | 0.7 | 1.3 | 3.7 | 3.3 | 3.2 | 3.2 | 3.2 | 3.1 | 3 | 2.8 | 2 | 2.6 | 2.1 | 1.9 | 2.5 | 1.9 | 3.1 | 3.1 | 4.3 | 3.9 | 4.3 | 4.2 | 4.7 | 6.7 | 6.6 | 4.5 | 5.3 | 6.3 | 6 |
| Depreciation | 1.6 | 1.4 | 1.6 | 1.5 | 1.5 | 2.3 | 2.3 | 2.7 | 2.5 | 2.5 | 2.6 | 2.8 | 3.4 | 2.7 | 2.4 | 2.3 | 2.4 | 4 | 4 | 4.4 | 5.2 | 6.4 | 7 | 7.8 | 13.5 | 9.9 | 9.9 | 4.5 | 4.6 | 4.6 | 5.1 |
| Profit before tax | 2.9 | −1.9 | 1.7 | −5 | −2.3 | −5.4 | −9 | −3.2 | −10 | −7.1 | −4.9 | −4.4 | −49.2 | −5.5 | −5.7 | −2.6 | −9.5 | −9.8 | −4.7 | 1.2 | −19.9 | 1 | 3.8 | −2.8 | −57.3 | 5.4 | 7.7 | 3.6 | 2.5 | 0.3 | −90.1 |
| Tax | 0.3 | 0.2 | 0.2 | 0.2 | 11.4 | −0.1 | 0.1 | −0.3 | 0.5 | 0.3 | 0.3 | 0.3 | −1.8 | 0.1 | 0 | −0.5 | 3.1 | −0.2 | −2 | 1.9 | 9.5 | −0 | 3.8 | −0.9 | 1.7 | 1.7 | 2.4 | 1.2 | 1.4 | −0.6 | −45.4 |
| Net profit | 2.6 | −2.1 | 1.5 | −5.1 | −13.7 | −5.3 | −9.1 | −2.9 | −10.4 | −7.4 | −5.1 | −4.7 | −47.4 | −5.5 | −5.7 | −2.1 | −12.5 | −9.6 | −2.7 | −0.7 | −29.4 | 1 | 0.1 | −1.9 | −59 | 3.8 | 5.3 | 2.3 | 1.2 | 0.9 | −44.7 |
| Net margin | 26.3% | -30.0% | 12.0% | -74.1% | -106.1% | -44.1% | -78.8% | -21.0% | -108.1% | -68.2% | -36.3% | -37.0% | -518.3% | -40.7% | -33.5% | -11.3% | -150.0% | -106.6% | -16.6% | -3.7% | -747.0% | 7.9% | 0.2% | -8.1% | -253.4% | 6.9% | 8.3% | 4.7% | 2.0% | 1.2% | -109.6% |
| EPS (₹) | 0.36 | -0.29 | 0.21 | -0.71 | -1.89 | -0.74 | -1.26 | -0.40 | -1.44 | -1.03 | -0.71 | -0.65 | -6.56 | -0.77 | -0.79 | -0.29 | -1.73 | -1.33 | -0.38 | -0.10 | -4.07 | -0.14 | 0.01 | -0.26 | -8.17 | 0.52 | 0.74 | 0.33 | 0.16 | 0.12 | -11.08 |
| Net profit YoY | +119.0% | +60.7% | +116.3% | −75.9% | −31.5% | +28.3% | −76.9% | +38.0% | +78.0% | −34.1% | +10.2% | −126.2% | −278.7% | +42.3% | −110.9% | −193.2% | +57.5% | −1046.5% | −4816.0% | +62.7% | +50.2% | −73.1% | −98.9% | – | – | +60.8% | +361.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 36.1 | 50.4 | 47.3 | 58.2 | 53 | 75.2 | 205 | 223 |
| Other income | 4.3 | 5.3 | 4 | 4.5 | 15 | 37.9 | 26.3 | 14.5 |
| Total expenses | 42.7 | 73.9 | 77.7 | 109 | 90.9 | 131 | 239 | 439 |
| EBITDA | 4.6 | −1.3 | −7.8 | −31.6 | −12.5 | −12.8 | 33 | −172 |
| EBITDA margin | 12.6% | -2.5% | -16.5% | -54.4% | -23.6% | -17.1% | 16.1% | -77.2% |
| Finance costs | 5.1 | 13.4 | 12.1 | 8.6 | 10.6 | 16.6 | 24 | 23 |
| Depreciation | 6 | 8.8 | 10.4 | 10.9 | 14.7 | 26.3 | 42.9 | 21.4 |
| Profit before tax | −2.2 | −20 | −26.3 | −63 | −22.9 | −17.9 | −38.8 | −202 |
| Tax | 0.9 | 11 | 1.3 | −2.3 | 2.7 | 12.3 | 7.1 | −69.9 |
| Net profit | −3.1 | −31 | −27.7 | −60.7 | −25.5 | −30.2 | −45.9 | −132 |
| Net margin | -8.7% | -61.5% | -58.4% | -104.3% | -48.1% | -40.2% | -22.4% | -59.2% |
| EPS (₹) | -0.43 | -4.29 | -3.83 | -8.40 | -3.53 | -4.19 | -6.36 | -32.71 |
| Net profit YoY | +89.9% | −12.1% | +54.4% | −137.8% | +15.6% | +34.2% | – | – |
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 | 1.8 | −0.8 | −2 | 2 | 5.4 |
| Investing cash flow | 2.7 | 3.6 | 6.2 | −2.8 | 4.4 |
| Financing cash flow | −6.3 | 0 | −3.8 | 1.2 | −8.8 |
| Capital expenditure | 0 | 0.6 | 1.4 | 2.5 | −0.6 |
| Free cash flow (CFO − capex) | 1.8 | −1.4 | −3.4 | −0.5 | 4.9 |
Net profit trend
annual, ₹ croreFY21
₹−30.2
FY22
₹−25.5+16%
FY23
₹−60.7−138%
FY24
₹−27.7+54%
FY25
₹−31−12%
FY26
₹−3.1+90%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q4 FY26 | Consolidated · audited | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 14 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 14 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 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)-3.9×
P/B5Y avg 0.81×-2.38×
ROEFY26, on average equity90.0%
Net margin-8.7%
Debt / equity-25.60×
Revenue CAGR (3Y)-14.7%
Profit CAGR (3Y)–
EPS (TTM)₹-0.43
Market cap₹12 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
-2.38×
vs 8-point avg 0.81× (−395%)
-2.38× low0.81× avg1.53× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹256 Cr−3%
Net worth₹-5 Cr−187%
Total borrowings₹132 Cr−5%
Cash & bank balances₹5 Cr−25%
Investments₹0 Cr−100%
Inventories₹0 Cr
Trade receivables₹11 Cr+5%
Trade payables₹63 Cr+5%
Change vs the same date a year earlier.