Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY18
| ₹ 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 | Q1 FY23 | Q4 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q2 FY19 | Q3 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 7.2 | 3.9 | 0.5 | 3.9 | 0.8 | 1.2 | 1.3 | 1.5 | 7.2 | 32.4 | 1.5 | 1.3 | 1.8 | 1.4 | 1.3 | 0.8 | 1.3 | 0.9 | 0.9 | 1.1 | 1 | 1.3 | 1.1 | 2.2 | 1.6 | 1.5 | 2.1 | 1.6 |
| Other income | 1.5 | 17.2 | 2 | 1.1 | 1.2 | 11.6 | −0.5 | 8.8 | 0.6 | 2.8 | 0 | 0.1 | 0.2 | 0.4 | 0.2 | 0.2 | 0.7 | 0.6 | 0.5 | 0.6 | 0.5 | 0.5 | 0.5 | 0.7 | 0.6 | 0.9 | 0.5 | 0.5 |
| Total expenses | 4.2 | 7.7 | 4.6 | 9.6 | 2.4 | 7.2 | 3.3 | 34.3 | 6.9 | 27.9 | 1.9 | 1.5 | 2.4 | 3.1 | 2.2 | 1 | 2.1 | 1.6 | 1.5 | 1.5 | 1.4 | 1.9 | 1.7 | 2.7 | 2.5 | 3.2 | 2.6 | 2.9 |
| EBITDA | 3.8 | −2.6 | −3 | −4.5 | −1.2 | −5.8 | −1.2 | −32.1 | 1.2 | 6.2 | −0.3 | −0 | −0.3 | −0.8 | −0.7 | 0 | −0.7 | −0.6 | −0.5 | −0.2 | −0.2 | −0.4 | −0.4 | −0.3 | −0.6 | −1.5 | −0.4 | −1.2 |
| EBITDA margin | 53.1% | -67.0% | -585.6% | -117.8% | -142.9% | -473.3% | -93.6% | -2113.7% | 16.5% | 19.1% | -22.1% | -3.5% | -14.1% | -59.6% | -55.5% | 3.3% | -50.0% | -64.2% | -57.5% | -20.4% | -19.8% | -29.4% | -32.8% | -14.1% | -38.8% | -102.8% | -18.3% | -75.2% |
| Finance costs | 0.6 | 1 | 0.9 | 1 | 0.2 | 0.2 | 0.4 | 0.5 | 0.7 | 1.2 | 0.1 | 0.2 | 0.3 | 0.9 | 0.2 | 0.2 | 0 | 0 | 0 | −0.1 | 0 | 0.1 | 0 | 0 | 0 | −0 | 0 | 0 |
| Depreciation | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | −0 | 0.3 | 0.2 | 0.2 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 |
| Profit before tax | 4.5 | 13.4 | −2.1 | −4.7 | −0.3 | 5.6 | −2.4 | −6.6 | 0.9 | 7.3 | −0.4 | −0.1 | −0.3 | −1.3 | −0.7 | −0 | −0 | −0.1 | −0.1 | 0.2 | 0.1 | −0.1 | −0.1 | 0.2 | −0.3 | −0.8 | −0 | −0.8 |
| Tax | 0.8 | 0.7 | −0.3 | 0.2 | 0.2 | 1.4 | 0.4 | 0.2 | 0.3 | 5.5 | 0.1 | 0.1 | 0.1 | −0.1 | 0 | 0 | −0 | 0 | 0.1 | 0 | 0 | 0 | 0 | −0.1 | 0 | 0.1 | 0.1 | −0.1 |
| Net profit | 3.9 | 12.7 | −1.8 | −4.8 | −0.5 | 4.2 | −2.9 | −6.8 | 0.6 | 1.8 | −0.5 | −0.2 | −0.4 | −1.2 | −0.8 | −0 | −0 | −0.1 | −0.1 | 0.2 | 0 | −0.2 | −0.1 | 0.3 | −0.3 | −0.9 | −0.1 | −0.7 |
| Net margin | 54.1% | 326.1% | -364.1% | -125.1% | -62.0% | 337.6% | -216.1% | -448.7% | 9.0% | 5.5% | -34.1% | -16.3% | -24.6% | -88.2% | -60.4% | -5.3% | -0.1% | -10.9% | -13.5% | 16.2% | 4.2% | -13.1% | -10.1% | 15.3% | -18.3% | -64.6% | -5.4% | -43.1% |
| EPS (₹) | 1.01 | 3.40 | -1.38 | -3.61 | 0.39 | 3.11 | -2.15 | -5.09 | 0.49 | 1.34 | -0.37 | -0.16 | -0.34 | -0.91 | -0.59 | -0.03 | 0.00 | -0.08 | -0.09 | 0.14 | 0.03 | -0.12 | -0.09 | 0.25 | -0.23 | -0.70 | -0.08 | -0.51 |
| Net profit YoY | +841.5% | +206.4% | +35.8% | +29.1% | −180.9% | +131.6% | −474.9% | −3109.8% | +245.0% | +248.2% | +36.5% | – | −922.4% | −86321.4% | – | +63.2% | −100.8% | +38.5% | −4.1% | −45.2% | +114.5% | +82.3% | – | – | – | −740.1% | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 9.1 | 11.3 | 37 | 4.4 | 4.1 | 4.5 | 7 |
| Other income | 21.4 | 20.5 | 3.2 | 1 | 2.4 | 2 | 2.7 |
| Total expenses | 24.3 | 51.8 | 33.8 | 7.9 | 6.8 | 6.5 | 11.2 |
| EBITDA | −11.3 | −37.9 | 5.6 | −1.9 | −2.4 | −1.2 | −3.3 |
| EBITDA margin | -124.4% | -336.1% | 15.0% | -42.9% | -58.4% | -25.8% | -47.5% |
| Finance costs | 3.1 | 1.9 | 1.8 | 1.5 | 0.1 | 0 | 0 |
| Depreciation | 0.7 | 0.6 | 0.5 | 0.1 | 0.3 | 0.8 | 0.9 |
| Profit before tax | 6.2 | −2.5 | 6.4 | −2.5 | −0.3 | 0.1 | −1.5 |
| Tax | 0.7 | 2.3 | 5.8 | 0 | 0.1 | 0.1 | 0.1 |
| Net profit | 5.5 | −4.9 | 0.6 | −2.5 | −0.4 | −0.1 | −1.6 |
| Net margin | 60.3% | -43.2% | 1.7% | -55.8% | -9.7% | -1.2% | -23.4% |
| EPS (₹) | 1.47 | -3.65 | 0.47 | -1.86 | 0.30 | -0.04 | -1.22 |
| Net profit YoY | +212.7% | −870.8% | +125.5% | −524.6% | −628.4% | +96.7% | – |
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 | −44.6 | 57.8 | −5.8 | 18.5 | −2 |
| Investing cash flow | −6.6 | −27 | −6 | −12.2 | −12 |
| Financing cash flow | 41 | −5 | 11.2 | −3.3 | 13.9 |
| Capital expenditure | 2.1 | 21.6 | 3.1 | 6.7 | 0 |
| Free cash flow (CFO − capex) | −46.7 | 36.2 | −8.9 | 11.9 | −2 |
Net profit trend
annual, ₹ croreFY21
₹−0.1
FY22
₹−0.4−628%
FY23
₹−2.5−525%
FY24
₹0.6+126%
FY25
₹−4.9−871%
FY26
₹5.5+213%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 3 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 3 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 30 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 30 Oct 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 90.4×13.5×
P/B5Y avg 1.19×1.85×
ROEFY26, on average equity10.2%
Net margin60.3%
Debt / equity0.43×
Revenue CAGR (3Y)27.1%
Profit CAGR (3Y)–
EPS (TTM)₹2.66
Market cap₹135 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.85×
vs 7-point avg 1.19× (+55%)
0.57× low1.19× avg2.13× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹176 Cr+2%
Net worth₹73 Cr+110%
Total borrowings₹31 Cr+35%
Cash & bank balances₹19 Cr−35%
Investments₹19 Cr+175%
Inventories₹10 Cr+863%
Trade receivables₹1 Cr−96%
Trade payables₹58 Cr−22%
Change vs the same date a year earlier.
Revenue mix FY26
Broking Services74.3%result ₹2.8 Cr
Advisory Services25.7%result ₹6.3 Cr
Segment revenue as reported, before inter-segment eliminations.