Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 191 | 182 | 131 | 148 | 157 | 194 | 168 | 106 | 86.4 | 85.2 | 72.7 | 78.9 |
| Other income | 0.8 | 0.5 | 0.5 | 0.4 | 0.3 | 0.4 | 0.3 | 4.4 | 0.1 | 0.6 | 0.1 | 0.1 |
| Total expenses | 191 | 181 | 130 | 147 | 156 | 192 | 166 | 106 | 86.3 | 85.4 | 72.1 | 78.6 |
| EBITDA | 3.6 | 4.3 | 3.3 | 3.7 | 2.9 | 3.4 | 3 | 1.9 | 1.4 | 1 | 1.5 | 1.2 |
| EBITDA margin | 1.9% | 2.3% | 2.6% | 2.5% | 1.9% | 1.8% | 1.8% | 1.7% | 1.6% | 1.2% | 2.0% | 1.5% |
| Finance costs | 2.5 | 2.5 | 2.1 | 2 | 1.7 | 1.6 | 0.7 | 1 | 0.9 | 0.8 | 0.8 | 0.8 |
| Depreciation | 0.8 | 0.5 | 0.5 | 0.5 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.1 | 0.1 |
| Profit before tax | 1.4 | 2.4 | 2.5 | 2.9 | 1.4 | 2 | 2.4 | 5.1 | 0.3 | 0.4 | 0.7 | 0.3 |
| Tax | 0.4 | 0.5 | 0.6 | −0.1 | 0.9 | 0.5 | 0.6 | 1 | 0.2 | 0.3 | 0.1 | 0.1 |
| Net profit | 1 | 2 | 2 | 3 | 0.4 | 1.5 | 1.8 | 4 | 0.1 | 0.1 | 0.6 | 0.2 |
| Net margin | 0.5% | 1.1% | 1.5% | 2.0% | 0.3% | 0.8% | 1.1% | 3.8% | 0.1% | 0.1% | 0.8% | 0.3% |
| EPS (₹) | 0.60 | 1.14 | 1.13 | 1.72 | 1.13 | 0.92 | 1.03 | 2.34 | 0.06 | 0.07 | 0.36 | 0.13 |
| Net profit YoY | +150.2% | +28.4% | +10.1% | −26.5% | +299.9% | +1239.6% | +200.8% | +1744.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 619 | 555 | 347 |
| Other income | 1.7 | 0.9 | 0.7 |
| Total expenses | 615 | 551 | 345 |
| EBITDA | 14.2 | 9.7 | 5.8 |
| EBITDA margin | 2.3% | 1.7% | 1.7% |
| Finance costs | 8.2 | 4.2 | 2.9 |
| Depreciation | 1.8 | 0.9 | 0.8 |
| Profit before tax | 9.2 | 5.5 | 2.7 |
| Tax | 1.9 | 1.4 | 1.2 |
| Net profit | 7.3 | 4.1 | 1.5 |
| Net margin | 1.2% | 0.7% | 0.4% |
| EPS (₹) | 4.23 | 2.49 | 0.94 |
| Net profit YoY | +76.5% | +167.2% | – |
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 | 18.9 | −42.9 | −8.5 |
| Investing cash flow | −28.8 | −13.4 | −18.2 |
| Financing cash flow | 20.2 | 61.1 | 24.1 |
| Capital expenditure | 12.6 | 8.9 | 3.5 |
| Free cash flow (CFO − capex) | 6.3 | −51.7 | −12 |
Net profit trend
annual, ₹ croreFY24
₹1.5
FY25
₹4.1+167%
FY26
₹7.3+77%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 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 | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 162.9×25.7×
P/B5Y avg 11.30×2.74×
ROEFY26, on average equity10.0%
Net margin1.2%
Debt / equity1.21×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹4.59
Market cap₹203 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.74×
vs 6-point avg 11.30× (−76%)
2.00× low11.30× avg25.26× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹216 Cr+18%
Net worth₹74 Cr+4%
Total borrowings₹90 Cr+46%
Cash & bank balances₹15 Cr+193%
Investments₹0 Cr−100%
Inventories₹3 Cr+126%
Trade receivables₹100 Cr−16%
Trade payables₹29 Cr−19%
Change vs the same date a year earlier.
Revenue mix FY26
Recycle Division97.1%result ₹10.7 Cr
Restore Division1.6%result ₹1.7 Cr
Biomass Division1.3%result ₹0.3 Cr
Segment revenue as reported, before inter-segment eliminations.