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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 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	Q2 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	Q3 FY19	Q2 FY19	Q4 FY18
Revenue from operations	123	128	136	128	125	156	164	129	123	123	120	134	137	128	131	131	127	133	130	129	131	140	140	141	146	143	144	139	143	152	147	148
Other income	1.3	12.9	10	9.7	22.4	1.9	1.6	1.6	0.2	3.5	4.4	8.2	4.1	−1.2	7.2	4.1	1.2	1.7	0.7	3.6	3.3	2.2	1.5	3.2	7.4	3.4	2.4	3.9	2.7	−1.2	22	8.4
Total expenses	133	181	141	130	129	165	164	138	134	124	124	130	129	129	131	133	121	123	124	117	119	126	130	125	138	137	139	140	141	152	145	147
EBITDA	1.3	−41.5	5.6	8.4	6.3	0.9	10	0.6	−0.8	2.7	0.2	7.9	11.4	2.1	2.5	0.2	8.7	13.3	9	14.3	15	17.5	13.8	19.8	11.7	10.4	9.7	6.3	7.7	6.6	7.6	12.3
EBITDA margin	1.1%	-32.5%	4.1%	6.6%	5.0%	0.6%	6.1%	0.5%	-0.6%	2.2%	0.1%	5.9%	8.3%	1.6%	1.9%	0.2%	6.8%	10.0%	6.9%	11.1%	11.4%	12.5%	9.8%	14.0%	8.0%	7.3%	6.8%	4.5%	5.3%	4.3%	5.1%	8.3%
Finance costs	2.2	1.8	1.9	1.7	1.5	1.5	1.8	1.5	1.3	1.8	1.3	1	0.5	0.3	0	0.1	0.2	0.2	0.2	0.2	0.1	0.3	0.3	0.3	0.3	0.4	0.3	0.4	0	0	0	0
Depreciation	9.3	9.6	8.8	8.4	8.2	8	8.2	8.1	8	2.7	2.8	2.9	2.9	2.6	2.7	2.5	2.5	2.5	2.8	2.7	2.8	3.3	3.3	3.4	3.5	3.6	4.7	6.7	5.8	6	5.5	11.6
Profit before tax	−23	−40.1	4.4	8	19	−6.7	−3.3	−10.9	−13.8	1.7	0.5	12.2	12.1	−7.2	7	1.7	7.1	12.4	5.1	22.4	19.9	16.1	11.7	19.3	23.5	9.8	7.1	3.1	4.5	−0.6	24	8.3
Tax	5.9	−3.6	0.9	2	3.4	1.2	1.5	1.6	1.5	2.4	2.9	3.7	2.3	−5.1	3	1.1	2.5	3.7	2.6	5.9	5.2	4.1	3.9	7.2	5.6	3.3	6.1	0.9	2.3	2.2	4.8	4
Net profit	−28.9	−36.5	3.5	5.9	15.6	−7.9	−5.2	−12.1	−15.3	−0.7	−2.4	8.5	9.9	−2.1	4.1	0.6	4.7	8.7	2.7	16.4	15	11.3	7.6	12.1	17.9	6.5	1	2.2	2.2	−2.8	19.2	4.3
Net margin	-23.6%	-28.6%	2.6%	4.6%	12.4%	-5.1%	-3.2%	-9.4%	-12.4%	-0.6%	-2.0%	6.4%	7.2%	-1.7%	3.1%	0.5%	3.7%	6.5%	2.0%	12.7%	11.4%	8.1%	5.4%	8.6%	12.2%	4.5%	0.7%	1.5%	1.6%	-1.8%	13.0%	2.9%
EPS (₹)	-2.72	-3.43	0.33	0.56	1.47	-0.75	-0.48	1.13	-1.44	-0.07	-0.23	0.80	0.93	-0.02	0.38	0.06	0.43	0.83	0.25	1.57	1.43	1.09	0.74	1.16	1.69	0.62	0.10	0.20	0.21	-0.27	1.81	0.41
Net profit YoY	−285.5%	−360.6%	+167.4%	+149.1%	+201.9%	−1064.1%	−117.8%	−241.7%	−255.3%	+67.9%	−158.5%	+1277.6%	–	−145.4%	−53.1%	−76.7%	−68.8%	−23.0%	−65.0%	+35.7%	−16.3%	+73.9%	+638.8%	+459.7%	+701.8%	+331.7%	−94.6%	–	−48.3%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	517	573	513	525	520	551	572	594	636
Other income	54.9	5.3	20.2	10.7	7.2	10.1	17.2	29	12.3
Total expenses	580	601	507	524	485	499	554	592	619
EBITDA	−21.3	10.7	22.1	12.5	45.2	65.9	38.1	29.6	64.9
EBITDA margin	-4.1%	1.9%	4.3%	2.4%	8.7%	12.0%	6.7%	5.0%	10.2%
Finance costs	7	6.1	4.6	0.6	0.7	0.9	1.5	0.1	0.1
Depreciation	35	32.3	11.2	10.3	10.4	12.8	18.5	27.2	47.9
Profit before tax	−8.8	−34.7	26.5	7.2	47	66.9	43.5	31.3	27.7
Tax	2.7	5.8	11.2	0.4	14.7	20.4	15.9	12.4	16.4
Net profit	−11.5	−40.5	15.3	6.8	32.5	46	27.6	18.9	11.4
Net margin	-2.2%	-7.1%	3.0%	1.3%	6.2%	8.3%	4.8%	3.2%	1.8%
EPS (₹)	-1.07	-3.78	1.44	0.64	3.08	4.42	2.61	1.79	1.08
Net profit YoY	+71.7%	−364.7%	+125.6%	−79.1%	−29.4%	+66.7%	+45.9%	+66.5%	–

EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore

₹ crore	FY26	FY25	FY24	FY23	FY22
Operating cash flow	87.2	−23.9	38	44.4	−24.2
Investing cash flow	−57	−31.5	−56.8	−33.6	16.9
Financing cash flow	16.3	22.4	−0.9	−8.5	−11.5
Capital expenditure	35.2	25	76.6	88.2	55
Free cash flow (CFO − capex)	52.1	−48.9	−38.6	−43.8	−79.2

Net profit trend

annual, ₹ crore

FY21

₹46

FY22

₹32.5−29%

FY23

₹6.8−79%

FY24

₹15.3+126%

FY25

₹−40.5−365%

FY26

₹−11.5+72%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	11 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	11 Aug 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	5 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	5 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	4 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	4 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	13 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	13 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2611.43 MB FY2510.53 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 68.1×-10.0×

P/B5Y avg 1.19×0.90×

ROEFY26, on average equity-1.8%

Net margin-2.2%

Debt / equity0.11×

Revenue CAGR (3Y)-0.5%

Profit CAGR (3Y)–

EPS (TTM)₹-5.27

Market cap₹561 Cr

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

P/B vs history

0.90×

vs 8-point avg 1.19× (−25%)

0.69× low1.19× avg1.92× high

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

Balance sheet 31 Mar 2026

Total assets₹981 Cr+13%

Net worth₹625 Cr+0%

Total borrowings₹67 Cr+62%

Cash & bank balances₹84 Cr+184%

Investments₹67 Cr−1%

Inventories₹0 Cr

Trade receivables₹191 Cr+0%

Trade payables₹219 Cr+33%

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	47.90	47.90	47.90	47.90	47.90	47.90	47.90	47.90	47.90	47.94	47.94	47.95
FII	0.06	0.17	0.91	1.85	0.24	0.23	0.31	0.25	0.36	1.15	0.42	0.60
DII	0.00	–	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.07
Retail	44.82	44.55	43.91	42.80	45.27	45.29	45.38	44.81	44.39	43.00	42.46	42.69
Other public	7.22	7.38	7.28	7.45	6.59	6.58	6.41	7.04	7.35	7.91	9.17	8.69

77,971 shareholders · NSE shareholding pattern filings.