Quarterly results
standalone · 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 | Q1 FY18 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 7.9 | 13.9 | 3.3 | 2.2 | 1.7 | 16.7 | 1.9 | 1.9 | 0.5 | 3 | 0.2 | 0.1 | 0.3 | 0.1 | 3.2 | 3.3 | 2 | 7.7 | 4.9 | 5 | 0.8 | 6.6 | 2.4 | 8.5 | 0.7 | 32.5 | 11.8 | 11.8 | 14.5 | 11.9 | 38.7 | 22.1 | 14.7 | 23.4 |
| Other income | 0.1 | 0.2 | 0 | 1.5 | 1.8 | 0.1 | 0.5 | 0.2 | 0 | 0.1 | 0 | 0.3 | 1.4 | 0 | 0 | 0 | 0.2 | 1 | 0.2 | 0.7 | 0 | 0.4 | 0 | 0 | 1.7 | 0.5 | 0.2 | 0.2 | 0.5 | 0 | 2.4 | 0.1 | 2.2 | 0.3 |
| Total expenses | 6.9 | 11.2 | 3.2 | 4 | 2.7 | 8.8 | 3.7 | 3.9 | 11.2 | 9.9 | 1.4 | 0.3 | 1.7 | 1.4 | 4.9 | 3.6 | 4.3 | 9.5 | 6.4 | 7.1 | 2.9 | 7.8 | 4.5 | 8.4 | 2.3 | 31.3 | 10.7 | 10.7 | 14.7 | 16.4 | 36.7 | 19.7 | 15.8 | 20.1 |
| EBITDA | 1.4 | 2.9 | 0.7 | −1.3 | −0.7 | 8.2 | −1.6 | −1 | −10.5 | −4.9 | −0.8 | 0.2 | −0.9 | −0.8 | −0.9 | −0.2 | −0.5 | 0.1 | 0.5 | −0.7 | −0.5 | −0.3 | −0.2 | 1.8 | 0.1 | 3.2 | 2.7 | 2.7 | 0.9 | −2.6 | 2.8 | 2.8 | −0.7 | 4.1 |
| EBITDA margin | 17.6% | 20.5% | 21.3% | -56.5% | -43.0% | 49.1% | -87.3% | -51.0% | -1928.4% | -163.4% | -359.5% | 231.8% | -294.4% | -617.8% | -26.5% | -5.3% | -22.9% | 1.8% | 9.4% | -13.0% | -55.3% | -4.1% | -9.2% | 21.0% | 12.7% | 9.8% | 23.0% | 23.0% | 6.3% | -21.9% | 7.3% | 12.7% | -4.9% | 17.7% |
| Finance costs | 0 | 0.1 | 0.1 | 0 | 0.1 | 0.1 | 0 | 0.8 | 0 | 1.6 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 1.5 | 1.5 | 1.5 | 1 | 1.2 | 0.6 | 1.5 | 1.3 | 1.3 | 1.6 | 1.3 | 1.3 | 0.7 | 1.5 | 0 | 0 | 0 | 0.4 |
| Depreciation | 0.4 | −0 | 0.5 | 0.5 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.7 | 0 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.7 | 0.4 | 0.4 | 0.4 |
| Profit before tax | 1.1 | 2.2 | 0.1 | −0.3 | 0.8 | 7.7 | 5.2 | −2.3 | 0.6 | −6 | −1.2 | 0.2 | 0.1 | −1.3 | −1.6 | −0.2 | −2.1 | −0.8 | −1.2 | −1.3 | −2 | −0.8 | −2 | 0.1 | 0.2 | 1.4 | 0.2 | 0.2 | 0.3 | −5.1 | 4.4 | 2.2 | 1.1 | 1.2 |
| Tax | 0.3 | 0.8 | 0 | −0.1 | 0.2 | 1.7 | 0.9 | −0.2 | 0.2 | −0.4 | 0 | 0 | 0 | −0.9 | 0 | 0 | 0 | 0.5 | 0 | 0 | 0 | 1.3 | −0 | 0 | 0 | −0.7 | 1 | 1 | 0.1 | −0.6 | 0.9 | 0.5 | 0.2 | −6.4 |
| Net profit | 0.8 | 1.3 | 0.1 | −0.2 | 0.6 | 5.9 | 4.3 | −2.1 | 0.5 | −5.6 | −1.2 | 0.2 | 0.1 | −0.3 | −1.6 | −0.2 | −2.1 | −1.3 | −1.2 | −1.3 | −2 | −2.1 | −2 | 0.1 | 0.2 | 2.1 | −0.7 | −0.7 | 0.2 | −4.5 | 3.5 | 1.8 | 0.9 | 7.6 |
| Net margin | 10.4% | 9.5% | 3.3% | -10.4% | 35.1% | 35.6% | 227.3% | -111.0% | 88.3% | -184.4% | -557.0% | 153.8% | 17.2% | -250.9% | -50.9% | -6.0% | -106.5% | -16.4% | -25.0% | -26.4% | -247.8% | -32.4% | -83.1% | 0.8% | 24.1% | 6.4% | -6.1% | -6.1% | 1.7% | -37.7% | 9.1% | 8.1% | 5.9% | 32.5% |
| EPS (₹) | 0.15 | 0.29 | 0.02 | -0.04 | 0.11 | 1.04 | 0.71 | -0.79 | 0.22 | -2.34 | -0.40 | 0.05 | 0.03 | -0.43 | -0.53 | -0.07 | -0.75 | -0.27 | -0.43 | -0.47 | 0.71 | -0.66 | -0.71 | 0.09 | 0.06 | 0.84 | 0.11 | 0.11 | 0.08 | -1.62 | 1.27 | 0.64 | 0.32 | 4.78 |
| Net profit YoY | +37.6% | −77.8% | −97.4% | +89.2% | +24.1% | +206.9% | +463.0% | −1485.2% | +769.4% | −1546.6% | +28.8% | +177.3% | +102.6% | +73.4% | −34.1% | +85.0% | −5.0% | +40.7% | +39.2% | −2103.3% | −1248.0% | −203.0% | −180.2% | +109.2% | −26.3% | +146.4% | −120.5% | −140.4% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 21.2 | 21 | 3.6 | 8.7 | 18.5 | 18.3 | 74.8 | 72.7 | 25.6 |
| Other income | 3.4 | 0.8 | 1.8 | 0.3 | 1.9 | 2.1 | 1.3 | 2.5 | 1.2 |
| Total expenses | 21 | 27.5 | 13.3 | 14.2 | 25.8 | 22.9 | 72.4 | 72.8 | 29.5 |
| EBITDA | 1.6 | −4.9 | −6.4 | −2.3 | −0.5 | 1.4 | 8.5 | 3 | −3.2 |
| EBITDA margin | 7.5% | -23.4% | -175.4% | -26.7% | -2.7% | 7.6% | 11.3% | 4.1% | -12.7% |
| Finance costs | 0.3 | 1 | 1.8 | 1.7 | 5.3 | 4.6 | 4.5 | 1.6 | 0.3 |
| Depreciation | 1.1 | 0.6 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 0.3 |
| Profit before tax | 2.8 | 11.2 | −6.9 | −5.2 | −5.4 | −2.6 | 2.5 | 1.6 | −3.2 |
| Tax | 1 | 2.6 | −0.4 | −0.9 | 0.5 | 1.3 | 0.4 | 0.8 | −0.7 |
| Net profit | 1.8 | 8.5 | −6.5 | −4.3 | −5.9 | −3.9 | 2 | 0.8 | −2.6 |
| Net margin | 8.5% | 40.6% | -178.3% | -49.6% | -31.7% | -21.5% | 2.7% | 1.1% | -10.0% |
| EPS (₹) | 0.38 | 1.52 | -2.65 | -1.78 | -1.88 | -1.37 | 1.19 | 0.29 | -1.30 |
| Net profit YoY | −79.0% | +231.2% | −50.5% | +26.4% | −49.6% | −291.3% | +153.9% | – | – |
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 | 1.5 | −72.7 | 0.1 | −0.6 | 4.1 |
| Investing cash flow | −2.2 | 30.5 | 1.4 | 0.2 | 1.2 |
| Financing cash flow | 0.3 | 43 | −1.5 | 0.8 | −5.4 |
| Capital expenditure | 5.7 | 1.3 | 0 | 0 | −0 |
| Free cash flow (CFO − capex) | −4.3 | −74 | 0.1 | −0.6 | 4 |
Net profit trend
annual, ₹ croreFY21
₹−3.9
FY22
₹−5.9−50%
FY23
₹−4.3+26%
FY24
₹−6.5−51%
FY25
₹8.5+231%
FY26
₹1.8−79%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 27 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 31 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 23 May 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 7 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 11 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 8 Aug 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 13.1×18.2×
P/B5Y avg 0.85×0.37×
ROEFY26, on average equity1.8%
Net margin8.5%
Debt / equity0.03×
Revenue CAGR (3Y)34.4%
Profit CAGR (3Y)–
EPS (TTM)₹0.27
Market cap₹37 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.37×
vs 8-point avg 0.85× (−57%)
0.33× low0.85× avg2.28× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹138 Cr+10%
Net worth₹100 Cr+2%
Total borrowings₹3 Cr
Cash & bank balances₹1 Cr−41%
Investments₹0 Cr
Inventories₹34 Cr+48%
Trade receivables₹39 Cr+10%
Trade payables₹26 Cr+33%
Change vs the same date a year earlier.