Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 429 | 398 | 406 | 526 | 499 | 520 | 535 | 319 | 250 | 266 | 320 | 297 | 254 | 289 | 315 | 264 | 223 | 175 | 186 | 130 | 131 | 123 |
| Other income | 8.8 | 50.7 | 11.3 | 1,104 | 77.1 | 18.7 | 21.9 | 25.3 | 25.6 | 37.7 | 17.9 | 12.3 | 11.7 | 8.2 | 11.5 | 23.2 | 6.6 | 9.6 | 4 | 5.6 | 4.9 | 2.2 |
| Total expenses | 455 | 375 | 402 | 534 | 521 | 528 | 531 | 321 | 241 | 285 | 301 | 288 | 238 | 281 | 298 | 261 | 207 | 174 | 170 | 121 | 115 | 122 |
| EBITDA | 24.7 | 74 | 67.7 | 59.8 | 47.4 | 34.6 | 37.1 | 25.2 | 24.9 | 3.6 | 36.3 | 26.7 | 33 | 27.2 | 30.1 | 13.7 | 30.1 | 12.9 | 29.1 | 18.8 | 30.1 | 9.4 |
| EBITDA margin | 5.8% | 18.6% | 16.7% | 11.4% | 9.5% | 6.6% | 6.9% | 7.9% | 10.0% | 1.3% | 11.3% | 9.0% | 13.0% | 9.4% | 9.6% | 5.2% | 13.5% | 7.4% | 15.7% | 14.5% | 22.9% | 7.6% |
| Finance costs | 3.6 | 6.2 | 4.3 | 6.8 | 5.2 | 4.8 | 2.8 | 1.8 | 0.6 | 0.8 | 2 | 2.7 | 1.3 | 2.9 | 0.5 | 0.9 | 0.4 | 0.4 | 0.1 | 0.1 | 0.2 | 0.1 |
| Depreciation | 47.7 | 45.5 | 59.7 | 60.8 | 64.5 | 37.3 | 30.5 | 25.7 | 15.2 | 21.5 | 15.2 | 15.1 | 15.2 | 16 | 12.6 | 10.3 | 13.6 | 11.3 | 13.5 | 9.6 | 13.2 | 7.5 |
| Profit before tax | −17.8 | 73 | 13.9 | 182 | 54.9 | 11.2 | 25.7 | 23 | 34.7 | 16.9 | 37 | 21.2 | 28.3 | 16.5 | 28.5 | 25.7 | 22.7 | 10.8 | 19.5 | 14.7 | 21.6 | 4.1 |
| Tax | 2.2 | −13.2 | 5.1 | −7.8 | −5.8 | −8 | 11.6 | 3.7 | 10.4 | −0.1 | 8 | −1.3 | 7.4 | 4.6 | 6.1 | 8.8 | 6.2 | 5.9 | 4.7 | 0.2 | 7.6 | −0.7 |
| Net profit | −82.5 | 55.7 | 8.8 | −33.9 | 51.3 | 4.1 | 13.7 | 16.2 | 23.6 | 0.2 | 29.5 | 24.2 | 20.9 | 9.4 | 22.4 | 17.4 | 16.5 | 4.9 | 14.8 | 14.5 | 13.5 | 4.2 |
| Net margin | -19.2% | 14.0% | 2.2% | -6.4% | 10.3% | 0.8% | 2.6% | 5.1% | 9.4% | 0.1% | 9.2% | 8.1% | 8.2% | 3.2% | 7.1% | 6.6% | 7.4% | 2.8% | 8.0% | 11.2% | 10.3% | 3.4% |
| EPS (₹) | -2.16 | 1.27 | 0.27 | -0.84 | 6.04 | 0.93 | 3.84 | 3.11 | 2.96 | 1.12 | 3.47 | 2.74 | 2.95 | 0.39 | 2.76 | 1.48 | 1.76 | 0.67 | 2.71 | 3.31 | 1.75 | 1.06 |
| Net profit YoY | −260.6% | +1268.6% | −35.4% | −308.9% | +117.4% | +2161.1% | −53.7% | −32.8% | +13.2% | −98.1% | +31.8% | +39.0% | +26.4% | +91.8% | +51.4% | +20.0% | +22.2% | +15.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 1,829 | 1,624 | 1,138 | 1,091 | 622 | 454 |
| Other income | 1,244 | 91.5 | 79.6 | 49.5 | 24.1 | 14.3 |
| Total expenses | 1,833 | 1,630 | 1,112 | 1,052 | 575 | 449 |
| EBITDA | 249 | 122 | 99.6 | 101 | 85.9 | 41.1 |
| EBITDA margin | 13.6% | 7.5% | 8.8% | 9.3% | 13.8% | 9.1% |
| Finance costs | 22.5 | 9.9 | 6.8 | 4.7 | 0.6 | 0.9 |
| Depreciation | 231 | 118 | 67 | 57.1 | 39 | 35.5 |
| Profit before tax | 324 | 85.6 | 103 | 88.8 | 70.4 | 19.1 |
| Tax | −21.8 | 15.3 | 14 | 25.4 | 19.2 | 3.1 |
| Net profit | 81.9 | 51 | 74.8 | 61.4 | 50.7 | 13.6 |
| Net margin | 4.5% | 3.1% | 6.6% | 5.6% | 8.2% | 3.0% |
| EPS (₹) | 2.21 | 10.86 | 10.28 | 6.29 | 9.09 | 3.20 |
| Net profit YoY | +60.8% | −31.8% | +21.7% | +21.1% | +271.8% | – |
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 | 324 | 65.5 | 90.8 | 8.1 | 62.1 |
| Investing cash flow | 0 | −1,134 | −603 | −95 | −350 |
| Financing cash flow | 0 | 805 | 934 | 14.6 | 335 |
| Capital expenditure | 0 | 148 | 26.9 | 8.3 | 12.3 |
| Free cash flow (CFO − capex) | 324 | −82.3 | 63.9 | −0.2 | 49.8 |
Net profit trend
annual, ₹ croreFY21
₹13.6
FY22
₹50.7+272%
FY23
₹61.4+21%
FY24
₹74.8+22%
FY25
₹51−32%
FY26
₹81.9+61%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 3 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 3 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 12 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 12 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 3 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 3 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 |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 109.7×-268.9×
P/B5Y avg 4.09×4.02×
ROEFY26, on average equity2.6%
Net margin4.5%
Debt / equity0.03×
Revenue CAGR (3Y)18.8%
Profit CAGR (3Y)10.1%
EPS (TTM)₹-1.40
Market cap₹13,947 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.02×
vs 8-point avg 4.09× (−2%)
2.49× low4.09× avg6.58× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹4,371 Cr−1%
Net worth₹3,473 Cr+21%
Total borrowings₹112 Cr−21%
Cash & bank balances₹175 Cr−42%
Investments₹757 Cr+109%
Inventories₹3 Cr+36%
Trade receivables₹376 Cr−35%
Trade payables₹376 Cr−31%
Change vs the same date a year earlier.
Revenue mix FY26
(a) Gaming58.5%result ₹80.2 Cr
(c) Ad tech24.8%result ₹−3.6 Cr
(b) eSports16.8%result ₹−24.6 Cr
Segment revenue as reported, before inter-segment eliminations.