Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q2 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 238 | 245 | 269 | 280 | 216 | 168 | 174 | 124 | 155 | 177 | 156 | 123 | 120 | 178 | 193 | 207 | 251 | 273 | 204 | 176 |
| Other income | 3.1 | 2.3 | 2.3 | 1.4 | 2.7 | 3.7 | 2.5 | 2.1 | 3.1 | 2.8 | 2.4 | 1.7 | 3.9 | 3.6 | 1.9 | 1.2 | 1.8 | 3.1 | 2.3 | 2.1 |
| Total expenses | 205 | 211 | 237 | 260 | 216 | 157 | 163 | 123 | 143 | 163 | 146 | 137 | 122 | 168 | 180 | 203 | 238 | 270 | 191 | 160 |
| EBITDA | 39 | 38.8 | 39.2 | 27.2 | 6 | 14 | 13.3 | 3.7 | 13.9 | 16.3 | 12.5 | −12.2 | −0.6 | 12.7 | 14.7 | 7 | 15.4 | 5.3 | 15.1 | 18.6 |
| EBITDA margin | 16.4% | 15.8% | 14.6% | 9.7% | 2.8% | 8.3% | 7.6% | 2.9% | 9.0% | 9.2% | 8.0% | -9.9% | -0.5% | 7.1% | 7.6% | 3.4% | 6.2% | 2.0% | 7.4% | 10.6% |
| Finance costs | 2.3 | 2 | 3.4 | 3.6 | 3.3 | 0.8 | 0.7 | 0.6 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 0.9 | 0.8 | 0.9 | 1 | 1.1 | 0.7 | 0.7 |
| Depreciation | 3.2 | 3.2 | 3.2 | 3.1 | 3 | 1.6 | 1.5 | 1.5 | 1.4 | 1.5 | 1.6 | 1.4 | 1.4 | 1.5 | 1.5 | 1.6 | 1.5 | 1.6 | 1.6 | 1.6 |
| Profit before tax | 36.7 | 35.9 | 34.3 | 21.8 | 2.4 | 15.3 | 13.7 | 3.7 | 15.1 | 17 | 12.7 | −12.5 | 1.2 | 13.8 | 14.2 | 5.8 | 14.7 | 5.8 | 15.1 | 18.5 |
| Tax | 9.3 | 9.6 | 8.6 | 5.6 | 0.7 | 4 | 3.5 | 1 | 3.9 | 4.5 | 3.6 | −2.9 | −0 | 3.6 | 3.7 | 1.5 | 3.8 | 1.3 | 4.2 | 4.7 |
| Net profit | 27.4 | 26.3 | 25.7 | 16.2 | 1.8 | 11.3 | 10.1 | 2.7 | 11.3 | 12.5 | 9.1 | −9.6 | 1.2 | 10.1 | 10.5 | 4.3 | 10.9 | 4.5 | 10.9 | 13.8 |
| Net margin | 11.5% | 10.7% | 9.5% | 5.8% | 0.8% | 6.7% | 5.8% | 2.2% | 7.3% | 7.1% | 5.8% | -7.8% | 1.0% | 5.7% | 5.5% | 2.1% | 4.4% | 1.7% | 5.4% | 7.8% |
| EPS (₹) | 3.07 | 2.95 | 2.88 | 1.82 | 0.20 | 1.26 | 1.14 | 0.31 | 1.26 | 1.40 | 1.02 | -1.08 | 0.14 | 1.14 | 1.18 | 0.48 | 1.23 | 0.51 | 1.23 | 1.55 |
| Net profit YoY | +1465.1% | +133.2% | +153.6% | +493.4% | −84.4% | −9.9% | +11.4% | +128.4% | +829.8% | +23.4% | −13.6% | −322.7% | −88.9% | +123.3% | −3.8% | −68.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 1,010 | 621 | 575 | 828 | 776 |
| Other income | 8.7 | 11.4 | 10.8 | 8.4 | 8.7 |
| Total expenses | 924 | 585 | 568 | 788 | 722 |
| EBITDA | 111 | 44.8 | 16.1 | 49.8 | 62.5 |
| EBITDA margin | 11.0% | 7.2% | 2.8% | 6.0% | 8.1% |
| Finance costs | 12.4 | 2.5 | 2.6 | 3.6 | 3.2 |
| Depreciation | 12.5 | 6 | 5.9 | 6.2 | 6.2 |
| Profit before tax | 94.4 | 47.7 | 18.4 | 48.5 | 61.8 |
| Tax | 24.4 | 12.3 | 5.2 | 12.5 | 15.9 |
| Net profit | 69.9 | 35.4 | 13.2 | 35.9 | 45.9 |
| Net margin | 6.9% | 5.7% | 2.3% | 4.3% | 5.9% |
| EPS (₹) | 7.84 | 3.97 | 1.48 | 4.03 | 5.15 |
| Net profit YoY | +97.6% | +168.2% | −63.3% | −21.7% | – |
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 | 51.5 | 6.7 | 72.7 | 30 | −13.2 |
| Investing cash flow | −17.4 | −81.6 | −102 | −77.4 | 25.1 |
| Financing cash flow | −13.1 | 61.6 | 42 | −3.5 | −4 |
| Capital expenditure | 11.1 | 104 | 94.5 | 4.1 | 0 |
| Free cash flow (CFO − capex) | 40.4 | −96.9 | −21.8 | 25.9 | −13.2 |
Net profit trend
annual, ₹ croreFY22
₹45.9
FY23
₹35.9−22%
FY24
₹13.2−63%
FY25
₹35.4+168%
FY26
₹69.9+98%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 25 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 19 May 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | – | PDF XBRL |
| Q3 FY25 | Standalone | 12 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 6 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 9 Aug 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 12.0×7.1×
P/B5Y avg 1.04×1.55×
ROEFY26, on average equity17.5%
Net margin6.9%
Debt / equity0.25×
Revenue CAGR (3Y)6.9%
Profit CAGR (3Y)24.9%
EPS (TTM)₹10.72
Market cap₹676 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.55×
vs 8-point avg 1.04× (+49%)
0.69× low1.04× avg1.55× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹638 Cr+7%
Net worth₹435 Cr+20%
Total borrowings₹107 Cr−1%
Cash & bank balances₹43 Cr+97%
Investments₹88 Cr+9%
Inventories₹103 Cr−24%
Trade receivables₹78 Cr+56%
Trade payables₹57 Cr−37%
Change vs the same date a year earlier.
Revenue mix FY26
Fibre58.1%result ₹66 Cr
Ethanol32.1%result ₹33.7 Cr
CPP Film9.8%result ₹7.6 Cr
Segment revenue as reported, before inter-segment eliminations.