Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY24
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 192 | 225 | 156 | 125 | 97.1 | 122 | 66.9 | 72.4 | 46.9 | 72.4 | 55.4 | 57.5 | 71.5 |
| Other income | 5.3 | 11.8 | 9.9 | 8.2 | 10.6 | 11.9 | 10.2 | 8.4 | 3.7 | 4.1 | 3.6 | 2.8 | 2.9 |
| Total expenses | 160 | 165 | 143 | 110 | 98.7 | 102 | 58 | 58.8 | 44.2 | 58.1 | 48.6 | 49.8 | 59.6 |
| EBITDA | 48.9 | 72.6 | 24.7 | 25.7 | 8.8 | 28.7 | 15.3 | 21.2 | 10 | 21.9 | 15.4 | 15.7 | 19.8 |
| EBITDA margin | 25.5% | 32.2% | 15.9% | 20.6% | 9.0% | 23.6% | 22.8% | 29.3% | 21.4% | 30.2% | 27.7% | 27.3% | 27.6% |
| Finance costs | 3.6 | 2.4 | 2.7 | 1.9 | 1.7 | 1.3 | 1 | 3.4 | 3.2 | 3.4 | 4.4 | 3.8 | 3.7 |
| Depreciation | 13.8 | 9.6 | 9.4 | 9.1 | 8.6 | 7.6 | 5.4 | 4.2 | 4.1 | 4.2 | 4.2 | 4.2 | 4.1 |
| Profit before tax | 36.7 | 72.4 | 22.5 | 23 | 9.1 | 31.3 | 18.6 | 22 | 6.4 | 18.4 | 10.4 | 10.5 | 14.9 |
| Tax | 7.6 | 12.5 | 4.2 | 4.8 | 3.9 | 6.7 | 4.4 | 4.7 | 1.5 | 3.7 | 2.3 | 2.4 | 3.6 |
| Net profit | 29.2 | 59.9 | 18.4 | 18.1 | 5.2 | 24.6 | 14.2 | 17.3 | 4.9 | 14.7 | 8.1 | 8.1 | 11.3 |
| Net margin | 15.2% | 26.6% | 11.8% | 14.6% | 5.3% | 20.2% | 21.3% | 23.9% | 10.4% | 20.3% | 14.6% | 14.1% | 15.8% |
| EPS (₹) | 19.47 | 39.96 | 12.25 | 12.10 | 3.44 | 16.40 | 9.51 | 11.85 | 3.39 | 10.29 | 5.96 | 6.02 | 8.43 |
| Net profit YoY | +466.2% | +143.8% | +28.9% | +4.8% | +5.3% | +67.0% | +76.2% | +112.7% | −56.6% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 603 | 308 | 257 |
| Other income | 40.5 | 34.2 | 13.4 |
| Total expenses | 516 | 263 | 216 |
| EBITDA | 132 | 75.3 | 72.6 |
| EBITDA margin | 21.9% | 24.4% | 28.3% |
| Finance costs | 8.6 | 8.9 | 15.2 |
| Depreciation | 36.7 | 21.3 | 16.6 |
| Profit before tax | 127 | 78.3 | 54.1 |
| Tax | 25.4 | 17.3 | 11.9 |
| Net profit | 102 | 61 | 42.2 |
| Net margin | 16.8% | 19.8% | 16.4% |
| EPS (₹) | 67.76 | 41.37 | 30.83 |
| Net profit YoY | +66.4% | +44.5% | – |
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 |
|---|---|---|---|
| Operating cash flow | −68.7 | 13.6 | −96.3 |
| Investing cash flow | −271 | −502 | −60.4 |
| Financing cash flow | 185 | 544 | 284 |
| Capital expenditure | 317 | 190 | 117 |
| Free cash flow (CFO − capex) | −386 | −176 | −213 |
Net profit trend
annual, ₹ croreFY24
₹42.2
FY25
₹61+45%
FY26
₹102+66%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 30 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 14 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 14 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 8 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 283.0×260.3×
P/B5Y avg 17.36×21.70×
ROEFY26, on average equity7.0%
Net margin16.8%
Debt / equity0.17×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹83.77
Market cap₹32,699 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
21.70×
vs 6-point avg 17.36× (+25%)
14.91× low17.36× avg23.80× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,956 Cr+24%
Net worth₹1,507 Cr+9%
Total borrowings₹261 Cr+330%
Cash & bank balances₹35 Cr−82%
Investments₹3 Cr−0%
Inventories₹299 Cr+44%
Trade receivables₹274 Cr+90%
Trade payables₹65 Cr+34%
Change vs the same date a year earlier.