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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q2 FY19

₹ 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	Q1 FY20	Q4 FY19	Q2 FY19
Revenue from operations	111	136	139	110	108	133	122	103	82	107	102	91	92.6	111	106	88.8	88.6	66.1	76.3	52.3	24.7	52.8	43	15.8	4.3	71.3	84.2	66.6	0	69.1
Other income	1.3	1.6	1.9	4.8	0.3	1.1	0.7	0.5	1	3.5	4.6	2.1	1	4.4	1.4	2.5	2.5	2.4	3	0.9	0.8	1.5	0.6	2	3.3	1	1.4	2.3	0	3
Total expenses	99.6	109	110	96.3	94.2	107	101	91.2	80.7	90	84.3	81.7	80.5	90	84.3	75.7	74.9	66.4	69	60	49.1	60.9	54.3	42.9	40.6	73	78.4	75.5	0	77.5
EBITDA	23.4	38.6	41.9	26.3	25.6	39	34.6	24.8	11.7	26.8	28.5	20.1	22.5	32	32.3	23.3	24.7	11.6	19.8	4.6	−12.5	5.8	1.2	−14.6	−24.4	9.9	18.7	4.5	0	5.3
EBITDA margin	21.0%	28.3%	30.1%	23.8%	23.8%	29.4%	28.4%	24.0%	14.3%	24.9%	28.0%	22.0%	24.2%	28.7%	30.5%	26.3%	27.9%	17.5%	25.9%	8.8%	-50.7%	11.1%	2.7%	-92.4%	-567.9%	13.9%	22.2%	6.7%	–	7.7%
Finance costs	2.5	2.8	3.5	3.6	3.7	4.3	4.6	4.5	3.7	3.1	4.8	4.7	4.6	4.8	5.1	4.8	5.5	5.1	5.9	5.8	5.4	5.3	5.8	5.9	5.1	4.8	6	6.6	0	6.6
Depreciation	9	8.8	8.7	8.5	8.5	9.4	8.8	8.1	6.8	6.2	6	6	5.8	5.8	5.8	5.5	5.5	6.8	6.6	6.4	6.5	8.7	6.7	6.7	6.8	6.9	6.9	6.9	0	7
Profit before tax	13.2	28.6	30.8	18.9	13.8	26.5	21.9	12.6	2.2	21	22.3	11.4	13.1	25.8	22.8	15.6	16.1	2.1	10.4	−6.8	−23.6	−6.7	−10.7	−25.1	−33	−0.7	7.1	−7.4	0	−5.4
Tax	3.7	−0.7	10.1	6.2	4.6	8.6	7.5	4.2	0.6	4.5	5.4	3.6	4.3	7.8	7.8	4.5	4.7	0.7	3	−2	−6.8	−2.1	−3.1	−7.3	−9.6	−0.5	2.1	−2	0	0.7
Net profit	5.3	32.4	20.9	8	6.6	19.4	15.4	5.7	−1.4	19.3	18.6	4.4	7.4	20.7	15.5	8.1	9.9	0	9.2	−7.5	−22	−5.9	−10.7	−23.3	−31.3	1.2	7.3	−7.6	0	−9.2
Net margin	4.8%	23.8%	15.0%	7.2%	6.2%	14.6%	12.7%	5.5%	-1.6%	18.0%	18.2%	4.8%	8.0%	18.6%	14.7%	9.1%	11.2%	0.1%	12.1%	-14.3%	-89.1%	-11.2%	-25.0%	-147.7%	-727.7%	1.6%	8.7%	-11.3%	–	-13.3%
EPS (₹)	0.30	1.81	1.17	0.45	0.37	1.09	0.86	0.32	-0.08	1.08	1.04	0.24	0.41	1.16	0.87	0.45	0.56	0.00	0.52	-0.42	-1.23	-0.33	-0.60	-1.31	-1.75	0.06	0.41	-0.42	0.00	-0.51
Net profit YoY	−20.1%	+67.0%	+35.6%	+39.4%	+591.1%	+0.4%	−16.8%	+30.7%	−118.3%	−6.8%	+19.5%	−45.7%	−25.7%	+51750.0%	+68.8%	+207.3%	+145.2%	+100.7%	+185.7%	+67.9%	+29.7%	−613.9%	−246.9%	–	−314.4%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from operations	494	440	393	395	219	116	291	347
Other income	8.7	3.2	11.2	10.8	7	7.2	7.7	8
Total expenses	410	380	337	325	244	199	304	351
EBITDA	132	110	97.8	112	23.4	−32	38.4	51.5
EBITDA margin	26.8%	25.0%	24.9%	28.5%	10.7%	-27.6%	13.2%	14.8%
Finance costs	13.6	17	17.2	20.1	22.2	22	24	27.2
Depreciation	34.5	33.1	24	22.7	26.3	28.8	27.7	28.4
Profit before tax	92.2	63.2	67.8	80.3	−18	−75.5	−6.4	100
Tax	20.2	20.9	17.7	24.8	−5.2	−22	0.2	13
Net profit	68	39.2	49.7	54.3	−20.3	−71.3	−8.3	91.6
Net margin	13.8%	8.9%	12.6%	13.8%	-9.2%	-61.5%	-2.8%	26.4%
EPS (₹)	3.80	2.20	2.78	3.04	-1.13	-3.99	-0.46	5.13
Net profit YoY	+73.3%	−21.0%	−8.5%	+367.8%	+71.6%	−762.8%	−109.0%	–

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	128	99.7	90.6	104	28.6
Investing cash flow	−47.2	−55.8	−56.8	−10.2	−32.4
Financing cash flow	−75.5	−46	−40.4	−105	4.4
Capital expenditure	34.7	70.6	75.4	32.5	4.9
Free cash flow (CFO − capex)	92.8	29	15.1	71.3	23.7

Net profit trend

annual, ₹ crore

FY21

₹−71.3

FY22

₹−20.3+72%

FY23

₹54.3+368%

FY24

₹49.7−8%

FY25

₹39.2−21%

FY26

₹68+73%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	15 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	15 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	4 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	4 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	–	PDF on NSE XBRL
Q3 FY26	Consolidated	13 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	–	PDF on NSE XBRL
Q3 FY26	Standalone	13 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	17 Oct 2025	PDF on NSE XBRL
Q2 FY26	Consolidated	–	PDF on NSE XBRL

Annual reports

NSE archive

FY264.63 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 38.5×37.8×

P/B5Y avg 3.17×3.30×

ROEFY26, on average equity9.4%

Net margin13.8%

Debt / equity0.13×

Revenue CAGR (3Y)7.8%

Profit CAGR (3Y)7.8%

EPS (TTM)₹3.73

Market cap₹2,517 Cr

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

P/B vs history

3.30×

vs 8-point avg 3.17× (+4%)

1.92× low3.17× avg4.92× 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+3%

Net worth₹762 Cr+12%

Total borrowings₹97 Cr−35%

Cash & bank balances₹10 Cr+101%

Investments₹287 Cr−22%

Inventories₹11 Cr−3%

Trade receivables₹29 Cr+28%

Trade payables₹36 Cr+1%

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	68.52	68.24	67.55	67.55	67.55	67.55	67.55	67.55	67.55	67.55	67.55	67.55
FII	0.37	0.36	0.49	0.63	0.42	0.43	0.65	0.53	0.73	0.58	0.69	0.40
DII	1.15	1.15	1.16	2.42	2.69	2.69	2.69	2.71	2.69	2.69	1.92	0.79
of which MF	1.14	1.14	1.16	2.42	2.68	–	–	–	–	–	–	–
Retail	20.61	21.93	22.54	21.82	21.34	21.59	21.66	21.95	22.82	22.65	21.74	23.36
Other public	9.35	8.32	8.26	7.58	8.00	7.74	7.45	7.26	6.21	6.53	8.10	7.90

74,048 shareholders · NSE shareholding pattern filings.