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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	Q3 FY19	Q2 FY19	Q4 FY17
Revenue from operations	149	137	135	139	133	127	123	123	118	118	114	120	120	121	116	110	93.7	87.5	77.3	72.9	69.6	66.3	57.8	60.2	56	65.6	69.7	68.8	67.5	65.7	62.5	68.4	62
Other income	1.7	1.9	1.5	1.1	2.5	2.7	1.1	1.6	1.8	2.8	4.1	1.4	2.6	1.7	1.1	1	2.1	1.6	0.3	4.1	15.5	2	2.2	0.8	0.3	0.2	0.3	0.2	0.4	0.9	2.8	0	2.2
Total expenses	136	127	120	124	120	117	116	119	110	112	108	109	109	111	113	111	94.2	84.1	70.3	68.4	74.1	65.4	56.9	57.8	55.8	69.7	65.8	64.1	63.3	62.3	61.2	64.7	64.1
EBITDA	18.4	15.3	19.5	19.9	17.1	13.8	11.2	8	11.7	9.7	9.3	15	14.5	14.1	6.6	3.2	2.9	6.3	9.7	7.3	−1.9	3.8	4	5.7	3.8	−0.6	7.5	8.4	8	5.4	3.4	5.8	−0.1
EBITDA margin	12.3%	11.2%	14.5%	14.3%	12.9%	10.9%	9.1%	6.5%	9.9%	8.2%	8.2%	12.5%	12.1%	11.6%	5.7%	2.9%	3.1%	7.2%	12.5%	10.0%	-2.7%	5.8%	6.9%	9.4%	6.7%	-0.9%	10.8%	12.2%	11.9%	8.3%	5.4%	8.4%	-0.1%
Finance costs	0.7	0.7	0.7	1	0.5	0.5	0.6	0.6	0.5	0.3	0.3	0.3	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.2	0.2	0.4	0.6	0.6	0.7	0.8	0.8	0.9	0.9	0.8	0.6	0.6	0.6
Depreciation	4.6	4.4	4	4.2	3.2	3.4	3.3	3.3	3.3	3.1	3.3	3.3	3.3	3.3	3.4	3.3	3.1	2.7	2.5	2.5	2.4	2.5	2.4	2.7	2.9	2.7	2.9	2.9	2.9	1.3	1.5	1.5	1.3
Profit before tax	14.8	12.2	13.1	15.8	15.9	12.6	8.4	5.6	9.7	9	9.8	12.8	13.5	12.2	3.9	0.5	1.5	5	7.3	8.6	11	2.9	3.1	3.2	0.5	−3.9	4.1	4.8	4.6	4.2	4.1	3.7	0.2
Tax	3.6	2.6	3	3.9	3.2	2.2	2.4	2.1	2.6	2.3	3	3.3	2.6	4.9	1.4	−0.1	0.3	1.7	2.3	3	1.1	0.8	0.8	0.8	0.1	−0.9	1.3	1.8	1.2	1	1.2	1.8	−1
Net profit	11.2	9.6	10.1	11.9	12.7	10.4	6	3.5	7.1	6.7	6.8	9.6	10.9	7.2	2.5	0.6	1.2	3.2	5	5.6	9.9	2.2	2.4	2.4	0.4	−3	2.9	3	3.4	3.2	2.9	1.9	1.2
Net margin	7.5%	7.0%	7.5%	8.6%	9.6%	8.2%	4.9%	2.9%	6.0%	5.6%	5.9%	8.0%	9.1%	6.0%	2.1%	0.5%	1.3%	3.7%	6.4%	7.7%	14.2%	3.3%	4.1%	4.0%	0.7%	-4.5%	4.1%	4.4%	5.0%	4.9%	4.7%	2.8%	1.9%
EPS (₹)	5.00	4.26	4.50	5.26	5.61	4.59	2.66	1.57	3.14	2.97	3.02	4.27	4.87	3.25	1.11	0.26	0.55	1.46	2.60	3.18	6.03	1.33	1.45	1.50	0.24	-1.86	1.78	1.88	2.11	2.03	1.86	1.20	0.74
Net profit YoY	−12.3%	−8.3%	+67.4%	+237.1%	+79.6%	+55.8%	−11.1%	−63.0%	−34.9%	−7.7%	+176.0%	+1552.5%	+802.5%	+124.5%	−50.6%	−89.6%	−87.8%	+48.8%	+111.6%	+130.2%	+2435.0%	+172.7%	−17.7%	−19.2%	−88.4%	−193.0%	−2.6%	+59.0%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY17
Revenue from operations	544	491	472	441	307	240	272	259	244
Other income	7	7.2	7.3	5.4	21.5	5.3	1.1	2.7	4.8
Total expenses	491	462	435	428	297	236	263	247	242
EBITDA	71.8	44.7	52.2	27.3	21.4	17.2	23.4	20.9	11.3
EBITDA margin	13.2%	9.1%	11.1%	6.2%	7.0%	7.2%	8.6%	8.1%	4.6%
Finance costs	2.9	2.2	1.3	1.7	1	2.3	3.5	2.7	3
Depreciation	15.8	13.4	13	13	10.1	10.4	11.3	5.7	5.5
Profit before tax	57	36.3	45.2	18	31.8	9.8	9.6	15.2	7.5
Tax	12.7	9.2	11.2	6.6	8.1	2.5	3.4	5.1	0.8
Net profit	44.3	27.1	33.9	11.5	23.7	7.3	6.2	10.1	6.7
Net margin	8.1%	5.5%	7.2%	2.6%	7.7%	3.1%	2.3%	3.9%	2.7%
EPS (₹)	19.64	11.97	15.13	5.18	12.62	4.52	3.90	6.45	4.35
Net profit YoY	+63.7%	−20.2%	+195.4%	−51.5%	+222.8%	+17.6%	−38.4%	–	–

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	65.1	31.5	62.3	5.7	−3.9
Investing cash flow	−21.6	−17.2	−62.3	6	−31.6
Financing cash flow	−31.3	−21.2	−16.2	−14.2	56.6
Capital expenditure	18	2.4	1.3	5.2	22.1
Free cash flow (CFO − capex)	47	29.1	61.1	0.5	−26

Net profit trend

annual, ₹ crore

FY21

₹7.3

FY22

₹23.7+223%

FY23

₹11.5−52%

FY24

₹33.9+195%

FY25

₹27.1−20%

FY26

₹44.3+64%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	16 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	16 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	5 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	5 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	16 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	16 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	17 Oct 2025	PDF on NSE XBRL
Q2 FY26	Standalone	17 Oct 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	16 Jul 2025	PDF XBRL
Q1 FY26	Standalone	16 Jul 2025	PDF XBRL

Annual reports

NSE archive

FY2613.22 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 29.3×15.1×

P/B5Y avg 3.78×2.55×

ROEFY26, on average equity18.6%

Net margin8.1%

Debt / equity0.00×

Revenue CAGR (3Y)7.2%

Profit CAGR (3Y)56.9%

EPS (TTM)₹19.05

Market cap₹646 Cr

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

P/B vs history

2.55×

vs 8-point avg 3.78× (−33%)

1.86× low3.78× avg6.54× high

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

Balance sheet 31 Mar 2026

Total assets₹371 Cr+18%

Net worth₹254 Cr+13%

Total borrowings₹0 Cr

Cash & bank balances₹37 Cr+51%

Investments₹0 Cr

Inventories₹0 Cr

Trade receivables₹120 Cr+10%

Trade payables₹12 Cr+28%

Change vs the same date a year earlier.

Revenue mix FY19

Mechanical Engineering Design Services76.3%result ₹14.8 Cr

Information Technology Services23.7%result ₹3.2 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23
Promoter	39.97	40.02	39.07	39.09	39.02	39.02	38.66	37.86	37.94	38.02	38.12	38.15
FII	9.32	9.33	9.83	9.40	9.21	9.29	9.30	9.18	8.97	1.64	2.51	2.14
DII	1.79	1.80	3.53	2.90	4.00	3.73	3.86	6.39	7.39	7.59	7.66	6.16
of which MF	1.45	1.45	2.47	2.89	3.72	3.72	–	–	–	–	–	–
Retail	32.07	31.86	31.24	31.71	30.99	31.89	31.74	30.63	30.03	28.80	27.12	26.91
Other public	15.46	15.59	14.97	15.54	15.90	16.00	16.44	15.94	15.67	23.95	24.59	26.64

22,336 shareholders · NSE shareholding pattern filings.