Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 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 | Q2 FY22 | Q1 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 50.1 | 62.6 | 51.1 | 45.6 | 46.1 | 66.4 | 50.1 | 42.8 | 43.5 | 51.7 | 51 | 45.7 | 37.9 | 57.2 | 43.9 | 39.8 | 31.6 | 37.3 | 37.8 | 30.7 | 17.1 |
| Other income | 0.1 | 3.1 | 4 | 2.3 | 0.1 | 2.8 | 0.1 | 1.8 | 0.2 | 4.3 | 0 | 0.1 | 0.1 | 0.8 | 0.1 | 0.1 | 0.1 | 0.7 | 0.5 | 0.1 | 0.1 |
| Total expenses | 47.8 | 61.8 | 50.5 | 44.7 | 44.3 | 63.8 | 48.4 | 41.9 | 41.7 | 50.6 | 48.7 | 43.9 | 36.1 | 55.1 | 42.2 | 38.4 | 30.4 | 35.9 | 36.7 | 29.3 | 18.7 |
| EBITDA | 9.6 | 9.7 | 6.7 | 7 | 8.1 | 11 | 8 | 7.4 | 8.2 | 8 | 7.4 | 7.1 | 7.5 | 9.5 | 7.2 | 7.7 | 6.4 | 8.4 | 6.4 | 7.6 | 3.5 |
| EBITDA margin | 19.1% | 15.5% | 13.1% | 15.4% | 17.5% | 16.6% | 15.9% | 17.2% | 18.8% | 15.5% | 14.5% | 15.6% | 19.8% | 16.7% | 16.4% | 19.3% | 20.4% | 22.4% | 17.0% | 24.7% | 20.4% |
| Finance costs | 3.4 | 4.1 | 2.7 | 2.8 | 2.9 | 4 | 2.9 | 3.1 | 3.1 | 3.2 | 2.3 | 2.5 | 3 | 4.1 | 2.9 | 3.6 | 2.8 | 4 | 2.9 | 3.7 | 2.7 |
| Depreciation | 3.9 | 4.9 | 3.4 | 3.4 | 3.4 | 4.4 | 3.4 | 3.4 | 3.4 | 3.7 | 2.7 | 2.8 | 2.8 | 3.4 | 2.6 | 2.6 | 2.5 | 3 | 2.4 | 2.4 | 2.4 |
| Profit before tax | 2.4 | 3.9 | 4.7 | 3.2 | 1.9 | 5.4 | 1.9 | 2.7 | 1.9 | 5.3 | 2.4 | 1.9 | 1.9 | 2.8 | 1.8 | 1.6 | 1.2 | 2.1 | 1.5 | 1.6 | −1.5 |
| Tax | 1.6 | 3.4 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 4.4 | 0.7 | 0.7 | 0.7 | 1.3 | 0.3 | 0.1 | 0.2 | 1.3 | 0.3 | 0 | 0 |
| Net profit | 0.8 | 1.6 | 4.1 | 3.2 | 1.9 | 3.2 | 1.7 | 2.9 | 2 | 1.2 | 1.7 | 1.3 | 1.1 | 2.6 | 1.5 | 1.7 | 1.1 | −0.2 | 1.5 | 1.8 | −1.5 |
| Net margin | 1.6% | 2.5% | 8.0% | 7.0% | 4.2% | 4.9% | 3.3% | 6.8% | 4.6% | 2.3% | 3.3% | 2.8% | 3.0% | 4.6% | 3.4% | 4.2% | 3.4% | -0.6% | 4.1% | 5.9% | -8.5% |
| EPS (₹) | 0.13 | 0.28 | 0.68 | 0.53 | 0.32 | 0.50 | 0.28 | 0.48 | 0.33 | 0.16 | 0.29 | 0.22 | 0.20 | 0.38 | 0.26 | 0.25 | 0.19 | 0.06 | 0.30 | 0.35 | -0.28 |
| Net profit YoY | −58.1% | −51.3% | +144.9% | +9.9% | −4.1% | +176.7% | +0.2% | +130.0% | +77.8% | −55.1% | +13.3% | −24.9% | +4.1% | +1198.6% | −4.7% | −6.8% | +174.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 205 | 203 | 186 | 172 | 123 |
| Other income | 9.6 | 4.9 | 4.4 | 1 | 1.4 |
| Total expenses | 201 | 196 | 179 | 166 | 121 |
| EBITDA | 31.5 | 34.6 | 30.1 | 30.8 | 25.9 |
| EBITDA margin | 15.3% | 17.1% | 16.1% | 17.9% | 21.1% |
| Finance costs | 12.4 | 13.1 | 11 | 13.4 | 13.3 |
| Depreciation | 15 | 14.5 | 12 | 11.1 | 10.3 |
| Profit before tax | 13.7 | 11.9 | 11.5 | 7.4 | 3.7 |
| Tax | 5 | 4.1 | 5.5 | 2 | 1.6 |
| Net profit | 10.8 | 9.8 | 5.2 | 6.9 | 1.7 |
| Net margin | 5.3% | 4.9% | 2.8% | 4.0% | 1.3% |
| EPS (₹) | 1.82 | 1.59 | 0.86 | 1.13 | 0.40 |
| Net profit YoY | +9.8% | +87.9% | −23.6% | +313.7% | – |
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 | 21.3 | 28.7 | 31 | 42.7 | 23.8 |
| Investing cash flow | −41 | −24.5 | −5 | −81.7 | −13.5 |
| Financing cash flow | 23.2 | −16.2 | −13.3 | 34.7 | −7.6 |
| Capital expenditure | 42.5 | 29.3 | 9.6 | 82.4 | 8.9 |
| Free cash flow (CFO − capex) | −21.1 | −0.7 | 21.4 | −39.7 | 14.9 |
Net profit trend
annual, ₹ croreFY22
₹1.7
FY23
₹6.9+314%
FY24
₹5.2−24%
FY25
₹9.8+88%
FY26
₹10.8+10%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 29 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 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 | 12 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 28.2×18.1×
P/B5Y avg 0.64×0.46×
ROEFY26, on average equity2.9%
Net margin5.3%
Debt / equity0.37×
Revenue CAGR (3Y)6.0%
Profit CAGR (3Y)16.3%
EPS (TTM)₹1.60
Market cap₹175 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.46×
vs 8-point avg 0.64× (−28%)
0.40× low0.64× avg0.96× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹616 Cr+8%
Net worth₹380 Cr+2%
Total borrowings₹140 Cr+34%
Cash & bank balances₹2 Cr+121%
Investments₹9 Cr−5%
Inventories₹115 Cr+5%
Trade receivables₹51 Cr+27%
Trade payables₹33 Cr+6%
Change vs the same date a year earlier.
Revenue mix FY26
Sale of products72.4%result ₹2.5 Cr
Sale of services27.6%result ₹2 Cr
Segment revenue as reported, before inter-segment eliminations.