Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY25
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 455 | 265 | 470 | 690 | 828 | 611 | 1,045 | 1,214 | 1,644 |
| Other income | 29 | 39 | 34 | 66 | 68 | 117 | 127 | 100 | 74 |
| Total expenses | 820 | 800 | 991 | 1,174 | 1,324 | 1,598 | 1,736 | 1,809 | 2,042 |
| EBITDA | −165 | −281 | −271 | −203 | −237 | −695 | −460 | −379 | −205 |
| EBITDA margin | -36.3% | -106.0% | -57.7% | -29.4% | -28.6% | -113.7% | -44.0% | -31.2% | -12.5% |
| Finance costs | 73 | 77 | 80 | 109 | 94 | 122 | 93 | 84 | 67 |
| Depreciation | 127 | 177 | 170 | 172 | 165 | 170 | 138 | 132 | 126 |
| Profit before tax | −336 | −496 | −487 | −418 | −428 | −870 | −564 | −495 | −347 |
| Tax | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | −336 | −500 | −487 | −418 | −428 | −870 | −564 | −495 | −347 |
| Net margin | -73.8% | -188.7% | -103.6% | -60.6% | -51.7% | -142.4% | -54.0% | -40.8% | -21.1% |
| EPS (₹) | -0.75 | -1.13 | -1.10 | -0.95 | -0.97 | -1.97 | -1.28 | -1.20 | -0.95 |
| Net profit YoY | +21.5% | +42.5% | +13.7% | +15.6% | −23.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 |
|---|---|---|
| Revenue from operations | 2,253 | 4,514 |
| Other income | 207 | 418 |
| Total expenses | 4,289 | 7,185 |
| EBITDA | −992 | −1,739 |
| EBITDA margin | -44.0% | -38.5% |
| Finance costs | 360 | 366 |
| Depreciation | 684 | 566 |
| Profit before tax | −1,829 | −2,276 |
| Tax | 4 | 0 |
| Net profit | −1,833 | −2,276 |
| Net margin | -81.4% | -50.4% |
| EPS (₹) | -4.16 | -5.48 |
| Net profit YoY | +19.5% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 |
|---|---|---|
| Operating cash flow | −775 | −2,391 |
| Investing cash flow | 2,002 | −2,864 |
| Financing cash flow | −1,201 | 5,429 |
| Capital expenditure | 526 | 662 |
| Free cash flow (CFO − capex) | −1,301 | −3,053 |
Net profit trend
annual, ₹ croreFY25
₹−2,276
FY26
₹−1,833+19%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 8 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Consolidated | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 8 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 20 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 20 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 | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 6 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-9.7×
P/B5Y avg 5.01×5.07×
ROEFY26, on average equity-43.2%
Net margin-81.4%
Debt / equity0.74×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹-3.95
Market cap₹16,974 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.07×
vs 4-point avg 5.01× (+1%)
3.00× low5.01× avg6.69× high
History points are balance-sheet dates (2024 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹7,788 Cr−30%
Net worth₹3,351 Cr−35%
Total borrowings₹2,476 Cr−19%
Cash & bank balances₹421 Cr+24%
Investments₹0 Cr−100%
Inventories₹269 Cr−66%
Trade receivables₹31 Cr+244%
Trade payables₹679 Cr−29%
Change vs the same date a year earlier.
Revenue mix FY26
Automotive99.1%result ₹−854 Cr
Cell0.9%result ₹−225 Cr
Segment revenue as reported, before inter-segment eliminations.