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 | 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 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 22.1 | 21.8 | 18.1 | 23.8 | 13.5 | 17.5 | 20.3 | 28.5 | 19.3 | 22.3 | 18.9 | 41.7 | 33.1 | 31.7 | 30.9 | 48.9 | 36.5 | 23.9 | 29.6 | 47.2 | 27 | 31.6 | 31.4 | 39.3 | 14.6 | 16.8 | 12 | 10.9 | 5.8 | 7.3 | 7.4 | 8.9 | 10.3 | 15.1 |
| Other income | 0.9 | 1.8 | 0.9 | 1 | 1.1 | 1 | 1 | 1 | 1 | 1.4 | 1 | 0.8 | 1.3 | 0.7 | 0.7 | 0.5 | 0.7 | 0.3 | 0.2 | 0.4 | 0.2 | 0.6 | 0.3 | 0.5 | 0.3 | 0.2 | 0.3 | 0.6 | 0.5 | 0.1 | 0.5 | 0.7 | 0.5 | 1.1 |
| Total expenses | 24.2 | 24.6 | 20.2 | 26 | 17.7 | 21.9 | 23.6 | 30.8 | 22.4 | 24.8 | 23 | 42.2 | 35.5 | 33.9 | 32.5 | 48.3 | 36.5 | 25.4 | 31.2 | 46.9 | 26.8 | 32 | 30.5 | 38.3 | 14.5 | 17.6 | 14 | 12.5 | 7.6 | 9.9 | 10.3 | 11.9 | 12.8 | 17.4 |
| EBITDA | −0.6 | −1.3 | −0.6 | −0.6 | −2.7 | −2.9 | −1.6 | −0.5 | −1.2 | −0.5 | −2.2 | 1.6 | −0.4 | −0.2 | −0.2 | 1.7 | 1 | −0.7 | −0.6 | 1.4 | 1 | 0.6 | 1.9 | 1.9 | 0.7 | −0.1 | −1.6 | −1.1 | −1.7 | −2.4 | −2.6 | −2.8 | −2.3 | −1.9 |
| EBITDA margin | -2.7% | -5.7% | -3.6% | -2.7% | -20.1% | -16.4% | -7.8% | -1.7% | -6.4% | -2.4% | -11.5% | 3.9% | -1.3% | -0.5% | -0.5% | 3.4% | 2.8% | -2.8% | -2.0% | 3.0% | 3.8% | 1.9% | 6.0% | 4.9% | 4.6% | -0.4% | -13.1% | -10.2% | -29.5% | -32.3% | -34.7% | -32.0% | -22.6% | -12.5% |
| Finance costs | 1.2 | 1.2 | 1.2 | 1.3 | 1.2 | 1.3 | 1.4 | 1.5 | 1.5 | 1.5 | 1.5 | 1.7 | 1.6 | 1.5 | 1.2 | 0.8 | 0.9 | 0.7 | 0.9 | 0.9 | 0.7 | 0.8 | 0.8 | 0.8 | 0.4 | 0.5 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 | 0.4 | 0.5 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.4 |
| Profit before tax | −1.2 | −1 | −1.2 | −1.1 | −3.2 | −3.4 | −2.2 | −1.3 | −2 | −1 | −3.1 | 0.3 | −1.2 | −1.5 | −0.9 | 1.2 | 0.7 | −1.2 | −1.5 | 0.6 | 0.4 | 0.2 | 1.2 | 1.5 | 0.5 | −0.6 | −1.7 | −1 | −1.3 | −4.6 | −2.3 | −2.3 | −2 | −1.2 |
| Tax | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | −1.4 | −1.2 | −1.4 | −1.4 | −3.4 | −4.8 | −2.2 | −1.3 | −2 | −1 | −3.1 | 0.3 | −1.2 | −1.5 | −0.9 | 1.2 | 0.7 | −1.2 | −1.5 | 0.6 | 0.4 | 0.2 | 1.2 | 1.5 | 0.5 | −0.6 | −1.7 | −1 | −1.3 | −4.6 | −2.3 | −2.3 | −2 | −1.2 |
| Net margin | -6.2% | -5.6% | -8.0% | -5.7% | -25.2% | -27.4% | -11.1% | -4.6% | -10.4% | -4.7% | -16.5% | 0.6% | -3.6% | -4.6% | -2.8% | 2.4% | 1.9% | -5.0% | -5.0% | 1.4% | 1.4% | 0.7% | 3.9% | 3.8% | 3.1% | -3.8% | -14.3% | -8.8% | -22.2% | -63.1% | -31.5% | -26.1% | -19.3% | -8.1% |
| EPS (₹) | -0.78 | -0.67 | -0.82 | -0.74 | -2.07 | -3.54 | -1.34 | -0.69 | -1.14 | -0.52 | -1.86 | 0.22 | -0.64 | -0.82 | -0.53 | 0.99 | 0.59 | -1.01 | -1.38 | 0.38 | 0.25 | 0.05 | 0.99 | 1.23 | 0.31 | -0.81 | -1.74 | -0.96 | -1.28 | -4.51 | -2.19 | -2.07 | -1.82 | -1.05 |
| Net profit YoY | +59.8% | +74.3% | +35.9% | −4.7% | −69.1% | −357.8% | +28.0% | −616.2% | −71.0% | +28.2% | −265.6% | −78.5% | −266.1% | −21.9% | +42.4% | +83.7% | +88.4% | −624.8% | −220.1% | −57.3% | −17.4% | +136.0% | +171.7% | +256.1% | +135.4% | +86.2% | +26.5% | +58.5% | +35.2% | −275.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 77.2 | 85.7 | 116 | 148 | 128 | 117 | 45.6 | 33.9 | 51.2 |
| Other income | 4.8 | 4.1 | 4.5 | 2.7 | 1 | 1.8 | 1.6 | 1.8 | 2.6 |
| Total expenses | 88.4 | 98.4 | 126 | 151 | 130 | 115 | 51.7 | 44.8 | 60.2 |
| EBITDA | −5.3 | −5.9 | −1.5 | 2.4 | 1.2 | 5.1 | −4.5 | −10.1 | −8.1 |
| EBITDA margin | -6.8% | -6.8% | -1.3% | 1.6% | 0.9% | 4.4% | -9.8% | -29.8% | -15.8% |
| Finance costs | 4.9 | 5.6 | 6.4 | 4.4 | 3.2 | 2.7 | 0.9 | 0.1 | 0 |
| Depreciation | 1.1 | 1.2 | 1.7 | 1.1 | 0.6 | 0.7 | 0.8 | 0.7 | 0.9 |
| Profit before tax | −6.4 | −8.6 | −5.1 | −0.4 | −1.7 | 3.4 | −4.6 | −11.2 | −6.4 |
| Tax | 1 | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | −7.4 | −10 | −5.1 | −0.4 | −1.7 | 3.4 | −4.6 | −11.2 | −6.4 |
| Net margin | -9.6% | -11.7% | -4.4% | -0.3% | -1.3% | 2.9% | -10.1% | -33.1% | -12.5% |
| EPS (₹) | -4.31 | -6.36 | -2.80 | -0.03 | -1.76 | 2.58 | -4.78 | -10.59 | -5.72 |
| Net profit YoY | +25.8% | −96.9% | −1036.7% | +73.0% | −148.6% | +174.2% | +59.0% | −75.1% | – |
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 | 0.5 | 13.3 | −2.4 | −18.3 | −3.2 |
| Investing cash flow | 0.3 | 0.3 | 0.2 | −24.9 | −4.5 |
| Financing cash flow | −0.7 | −13.7 | 2.6 | 43.3 | 7.4 |
| Capital expenditure | 0.1 | 0 | 0.3 | 1.6 | 0.1 |
| Free cash flow (CFO − capex) | 0.3 | 13.2 | −2.7 | −19.9 | −3.4 |
Net profit trend
annual, ₹ croreFY21
₹3.4
FY22
₹−1.7−149%
FY23
₹−0.4+73%
FY24
₹−5.1−1037%
FY25
₹−10−97%
FY26
₹−7.4+26%
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 | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 29 May 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | 29 May 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | – | PDF XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-10.6×
P/B5Y avg 2.31×1.33×
ROEFY26, on average equity-16.3%
Net margin-9.6%
Debt / equity1.41×
Revenue CAGR (3Y)-19.5%
Profit CAGR (3Y)–
EPS (TTM)₹-4.42
Market cap₹57 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.33×
vs 8-point avg 2.31× (−42%)
0.78× low2.31× avg4.02× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹114 Cr−1%
Net worth₹43 Cr−11%
Total borrowings₹61 Cr+9%
Cash & bank balances₹1 Cr−2%
Investments₹0 Cr
Inventories₹28 Cr+8%
Trade receivables₹17 Cr−20%
Trade payables₹1 Cr+212%
Change vs the same date a year earlier.