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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17

₹ 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	Q4 FY17
Revenue from operations	341	368	330	299	332	330	291	330	300	295	320	358	293	313	327	329	295	268	232	238	184	220	186	139	65.3	125	125	128	213
Other income	4.3	3	2.6	4.3	4.1	4.6	5.7	4.6	2.2	3.7	2.6	4.3	3.6	2	6.7	3.1	4.3	3.9	4.9	4	4.6	3	2.4	0.5	0.7	5.6	2.1	1.6	1.6
Total expenses	339	351	311	297	319	316	289	324	294	294	309	340	287	309	327	315	289	263	234	237	185	214	180	134	77.1	119	123	125	199
EBITDA	15.8	31.9	33.3	17.1	28.2	29.7	17.3	21.4	20.2	15.6	25.6	31.8	19.3	18.8	14.6	26.9	19	17	10.6	12.6	9.9	18.5	16.8	12.5	−5.4	12.9	8.8	10.1	18.8
EBITDA margin	4.6%	8.7%	10.1%	5.7%	8.5%	9.0%	5.9%	6.5%	6.7%	5.3%	8.0%	8.9%	6.6%	6.0%	4.5%	8.2%	6.4%	6.3%	4.5%	5.3%	5.4%	8.4%	9.0%	9.0%	-8.3%	10.3%	7.1%	7.9%	8.8%
Finance costs	6.6	6.9	7.9	8.4	9.3	9.5	8.8	8.7	8.4	7.9	7.9	7.9	7.9	8.4	8.1	8	6.7	6.9	6.9	6.3	5.7	6.1	5.1	2	1.8	2.3	2.3	2.2	0.5
Depreciation	6.8	7.4	6.6	6.6	6.4	6.6	6.1	6.1	5.9	6	6.4	5.9	5.9	6.5	6.1	5.8	5.7	5.7	5.7	5.7	5.6	6.1	6.3	4.7	4.6	4.6	4.7	4.7	4
Profit before tax	6.7	20.6	21.4	6.4	16.6	18.2	8	12.9	10.2	5.9	31.2	22.3	9.2	6	7.1	16.3	10.9	8.4	2.8	4.7	3.2	9.4	7.7	6.3	−11.1	11.6	3.9	4.8	15.9
Tax	1.6	5.4	5.4	1.6	4.1	4.6	2	3.1	2.2	0.9	5.6	5.7	2	1.5	1.8	4.2	3.1	1.6	0.8	1.3	1.2	2.8	1.6	1.6	−2.7	−11.2	1.2	1.3	5.6
Net profit	5.1	15.3	15.9	4.8	12.5	13.5	6	9.8	8	5.1	25.5	16.6	7.2	4.5	5.3	12.2	7.8	6.8	2.1	3.4	2	6.6	6.1	4.7	−8.4	22.9	2.7	3.4	10.3
Net margin	1.5%	4.1%	4.8%	1.6%	3.8%	4.1%	2.1%	3.0%	2.7%	1.7%	8.0%	4.6%	2.5%	1.4%	1.6%	3.7%	2.6%	2.5%	0.9%	1.4%	1.1%	3.0%	3.3%	3.3%	-12.9%	18.2%	2.2%	2.7%	4.8%
EPS (₹)	0.59	1.76	1.83	0.55	1.44	1.56	0.69	1.13	0.91	0.58	2.93	1.91	0.82	0.52	0.61	1.40	0.89	0.78	0.24	0.39	0.23	0.76	0.71	0.54	-0.97	2.63	0.31	0.39	1.18
Net profit YoY	−58.9%	+12.7%	+166.1%	−51.5%	+57.2%	+167.4%	−76.6%	−41.0%	+10.9%	+13.0%	+378.5%	+36.9%	−7.6%	−33.6%	+156.4%	+261.2%	+283.5%	+1.7%	−66.1%	−27.9%	+124.1%	−71.0%	+127.5%	+35.9%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY17
Revenue from operations	1,328	1,252	1,267	1,264	927	611	567	760
Other income	14	17.1	14.3	16.1	9.4	8.9	10.6	4.3
Total expenses	1,277	1,223	1,230	1,240	918	608	547	707
EBITDA	110	88.5	92.3	79.4	58.1	42.4	48.3	71.6
EBITDA margin	8.3%	7.1%	7.3%	6.3%	6.3%	6.9%	8.5%	9.4%
Finance costs	32.5	35.3	31.6	31.2	25.8	17.2	9.5	2.9
Depreciation	27	24.8	24.1	24	22.6	21.7	18.5	15.9
Profit before tax	64.9	49.3	68.6	40.3	19	12.3	30.8	57
Tax	16.5	12	14.2	10.6	4.8	3.2	−5.2	18.8
Net profit	48.4	37.3	54.4	29.7	14.2	9	36	38.3
Net margin	3.6%	3.0%	4.3%	2.4%	1.5%	1.5%	6.4%	5.0%
EPS (₹)	5.57	4.29	6.25	3.42	1.64	1.04	4.14	4.40
Net profit YoY	+29.9%	−31.5%	+83.0%	+109.0%	+57.3%	−74.9%	–	–

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	91.6	105	19.1	80.4	−12.9
Investing cash flow	−10.9	−38.2	−30.5	−23.4	−31.9
Financing cash flow	−76.2	−61.1	−37.8	−70.5	2.4
Capital expenditure	15.6	38.7	63.6	19.9	40.2
Free cash flow (CFO − capex)	76	66.2	−44.4	60.5	−53.2

Net profit trend

annual, ₹ crore

FY21

₹9

FY22

₹14.2+57%

FY23

₹29.7+109%

FY24

₹54.4+83%

FY25

₹37.3−31%

FY26

₹48.4+30%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	27 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	27 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	18 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	18 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	9 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	9 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	30 Oct 2025	PDF on NSE XBRL
Q2 FY26	Standalone	30 Oct 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	31 Jul 2025	PDF on NSE XBRL
Q1 FY26	Standalone	31 Jul 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY263.58 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 21.6×25.1×

P/B5Y avg 1.92×1.73×

ROEFY26, on average equity8.4%

Net margin3.6%

Debt / equity0.43×

Revenue CAGR (3Y)1.7%

Profit CAGR (3Y)17.7%

EPS (TTM)₹4.72

Market cap₹1,030 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

1.73×

vs 8-point avg 1.92× (−10%)

1.31× low1.92× avg2.92× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹1,199 Cr+3%

Net worth₹597 Cr+8%

Total borrowings₹257 Cr−13%

Cash & bank balances₹85 Cr+8%

Investments₹24 Cr+2%

Inventories₹191 Cr+6%

Trade receivables₹356 Cr+5%

Trade payables₹266 Cr+7%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	74.87	74.87	74.87	74.87	74.87	74.87	74.87	74.87	74.87	74.87	74.87	74.87
FII	0.39	0.36	0.45	0.80	0.00	0.06	0.00	0.03	0.82	0.90	0.88	1.05
DII	0.12	0.11	0.11	0.01	–	0.00	0.00	0.00	0.48	0.48	0.48	0.58
Retail	18.14	18.22	18.23	18.01	18.75	18.84	18.87	18.65	17.50	17.40	17.52	16.95
Other public	6.48	6.44	6.34	6.31	6.38	6.23	6.26	6.45	6.33	6.35	6.25	6.55

28,233 shareholders · NSE shareholding pattern filings.