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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	Q1 FY20	Q4 FY19	Q4 FY17
Revenue from operations	403	330	316	321	336	340	318	363	372	357	341	351	397	393	326	389	509	463	389	375	345	322	275	222	107	213	194	210	230	0	0
Other income	5.9	13.9	6.2	10.2	6.6	5.6	9.1	8.4	9.3	24.7	5.8	4.6	5	2.9	2.2	0.9	1.1	1.2	0.5	1.4	1.1	2.3	1.7	1	10.7	3.1	1.4	2.1	2.6	0	0
Total expenses	372	323	303	312	320	319	308	339	345	326	306	319	355	357	303	342	420	368	349	336	282	280	246	199	108	186	166	170	181	0	0
EBITDA	45.2	21.1	26.8	22.3	30.6	34.2	24	37.8	41.1	44.6	48.9	45.3	55.5	49.7	37.6	62	103	111	50.8	50.3	73.4	52.3	37.8	31.7	8	36.6	36.6	48.5	56.6	0	0
EBITDA margin	11.2%	6.4%	8.5%	7.0%	9.1%	10.1%	7.6%	10.4%	11.0%	12.5%	14.3%	12.9%	14.0%	12.7%	11.5%	15.9%	20.2%	24.1%	13.0%	13.4%	21.3%	16.3%	13.7%	14.3%	7.5%	17.2%	18.8%	23.1%	24.6%	–	–
Finance costs	0.3	0.3	0.3	0.4	0.4	0.4	0.5	0.5	0.5	0.4	0.5	0.3	0.4	0.3	0.3	0.3	0.3	0.4	0.3	0.2	0.2	0.2	0.2	0.3	0.3	0.4	0.3	0.3	0.3	0	0
Depreciation	13.7	13.7	13.9	13.6	13.7	13.5	13.6	13.4	13.2	13.3	13.5	13.1	12.9	13.9	14.2	14	13.7	16.3	10.8	10.7	10.5	10.1	9.1	9.1	9.2	9.5	8.3	8	8	0	0
Profit before tax	37.1	21	13.4	18.5	23.1	26	19.1	32.3	36.8	55.6	40.7	36.5	47.2	38.5	25.3	48.6	89.7	95.9	40.1	40.8	63.8	44.4	30.1	23.3	9.3	29.9	29.4	42.2	50.9	0	0
Tax	9.3	4	4.2	6.4	5.9	5.2	6.2	−9.8	9.7	14.1	10.7	9.4	12.9	10.2	6.7	12.8	23.2	27	10.4	10.8	16.4	7.1	7.8	6.5	−2.6	8	8.4	−12.8	18	0	0
Net profit	27.8	17	9.3	12.1	17.3	20.8	12.9	42.1	27.1	41.5	30	27.2	34.3	28.3	18.6	35.7	66.5	68.9	29.8	30	47.4	37.3	22.3	16.8	12	21.9	21	54.9	32.9	0	0
Net margin	6.9%	5.1%	2.9%	3.8%	5.1%	6.1%	4.1%	11.6%	7.3%	11.7%	8.8%	7.7%	8.6%	7.2%	5.7%	9.2%	13.1%	14.9%	7.7%	8.0%	13.8%	11.6%	8.1%	7.6%	11.2%	10.3%	10.8%	26.2%	14.3%	–	–
EPS (₹)	1.66	1.02	0.55	0.73	1.03	1.25	0.77	2.53	1.62	2.49	1.80	1.63	2.06	1.70	1.12	2.14	3.99	4.14	1.79	1.80	2.85	2.25	1.34	1.02	0.72	1.32	1.27	3.32	1.99	11.19	10.35
Net profit YoY	+60.8%	−18.2%	−28.3%	−71.2%	−36.2%	−50.0%	−57.0%	+55.1%	−21.1%	+46.7%	+61.1%	−24.0%	−48.4%	−58.9%	−37.5%	+19.1%	+40.2%	+84.6%	+33.5%	+78.3%	+296.7%	+70.7%	+6.3%	−69.4%	−63.7%	–	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY17
Revenue from operations	1,303	1,393	1,445	1,617	1,571	925	846	1,043	0
Other income	36.9	32.1	39.4	6.2	3.9	14.7	9.2	10	0
Total expenses	1,258	1,311	1,304	1,421	1,335	832	703	775	0
EBITDA	101	137	195	253	286	131	178	293	0
EBITDA margin	7.7%	9.9%	13.5%	15.6%	18.2%	14.1%	21.1%	28.1%	–
Finance costs	1.4	1.8	1.6	1.2	1.1	1	1.3	0.6	0
Depreciation	54.9	53.6	52.8	55.7	48.3	37.4	33.7	24.3	0
Profit before tax	76	114	180	202	241	107	152	278	0
Tax	20.4	11.3	47	52.9	64.5	18.7	21.7	92.9	0
Net profit	55.6	103	133	149	176	88.4	131	185	0
Net margin	4.3%	7.4%	9.2%	9.2%	11.2%	9.6%	15.4%	17.7%	–
EPS (₹)	3.33	6.17	7.98	8.95	10.58	5.33	7.89	11.19	6.00
Net profit YoY	−45.9%	−22.7%	−10.8%	−15.3%	+99.2%	−32.3%	−29.3%	–	–

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	252	25.6	201	282	−30.2
Investing cash flow	−212	−37	−77.4	−217	31.2
Financing cash flow	−38.5	−50.2	−55.3	−53.8	−33.6
Capital expenditure	174	123	34.5	29.5	33.4
Free cash flow (CFO − capex)	78.4	−97	166	253	−63.6

Net profit trend

annual, ₹ crore

FY21

₹88.4

FY22

₹176+99%

FY23

₹149−15%

FY24

₹133−11%

FY25

₹103−23%

FY26

₹55.6−46%

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	7 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	7 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	31 Oct 2025	PDF on NSE XBRL
Q2 FY26	Standalone	31 Oct 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	7 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	7 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY269.99 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 32.3×47.6×

P/B5Y avg 2.15×1.77×

ROEFY26, on average equity3.1%

Net margin4.3%

Debt / equity0.00×

Revenue CAGR (3Y)-6.9%

Profit CAGR (3Y)-28.0%

EPS (TTM)₹3.96

Market cap₹3,147 Cr

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

P/B vs history

1.77×

vs 8-point avg 2.15× (−18%)

1.45× low2.15× avg2.76× high

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

Balance sheet 31 Mar 2026

Total assets₹2,111 Cr+3%

Net worth₹1,773 Cr+1%

Total borrowings₹0 Cr

Cash & bank balances₹32 Cr+6%

Investments₹415 Cr+13%

Inventories₹158 Cr−44%

Trade receivables₹290 Cr−7%

Trade payables₹152 Cr+28%

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	33.76	33.76	33.76	33.76	33.76	33.76	33.78	33.79	33.84	33.84	33.84	33.84
FII	4.78	4.55	4.47	5.15	6.65	8.15	7.81	7.91	7.77	7.78	6.98	6.36
DII	7.47	7.91	6.49	6.57	5.19	5.32	5.93	6.15	4.45	3.52	2.85	3.62
of which MF	6.69	7.13	5.68	5.55	4.18	–	–	–	–	–	–	–
Retail	43.90	44.36	45.19	44.00	44.00	42.88	42.68	42.92	44.55	45.27	47.03	46.23
Other public	10.09	9.42	10.09	10.52	10.40	9.89	9.80	9.23	9.39	9.59	9.30	9.95

1,61,342 shareholders · NSE shareholding pattern filings.