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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 614 | 502 | 389 | 365 | 527 | 419 | 344 | 353 | 543 | 365 | 334 | 316 | 487 | 350 | 303 | 304 | 497 | 390 | 337 | 310 | 419 | 340 | 304 | 261 | 305 | 232 | 199 | 221 | 323 | 0 | 0 |
| Other income | 4.1 | 5 | 3.5 | 3.5 | 3.1 | 5.7 | 3.8 | 3.2 | 2.8 | 3.9 | 2.9 | 3.1 | 4.4 | 5.2 | 6.7 | 24.6 | 4.8 | 3.2 | 3.6 | 4.5 | 1.5 | 17.7 | 1.9 | 3.2 | 1.7 | 16.1 | 3.4 | 19 | 2.4 | 0 | 0 |
| Total expenses | 521 | 451 | 356 | 326 | 473 | 389 | 320 | 324 | 499 | 341 | 316 | 301 | 449 | 333 | 309 | 286 | 433 | 365 | 297 | 266 | 348 | 310 | 266 | 229 | 255 | 226 | 192 | 209 | 290 | 0 | 0 |
| EBITDA | 105 | 64.8 | 46.9 | 52.4 | 68 | 43.8 | 37.1 | 41.5 | 56.8 | 39.8 | 33.5 | 29.3 | 53.6 | 33.7 | 9.6 | 30.5 | 74.5 | 34.5 | 51.2 | 54.4 | 81 | 39.6 | 48.3 | 43.2 | 61.7 | 17.2 | 18.7 | 22.7 | 44.4 | 0 | 0 |
| EBITDA margin | 17.1% | 12.9% | 12.1% | 14.3% | 12.9% | 10.5% | 10.8% | 11.7% | 10.5% | 10.9% | 10.0% | 9.3% | 11.0% | 9.6% | 3.2% | 10.0% | 15.0% | 8.9% | 15.2% | 17.6% | 19.3% | 11.7% | 15.9% | 16.5% | 20.2% | 7.4% | 9.4% | 10.3% | 13.8% | – | – |
| Finance costs | 2.7 | 4.5 | 4.6 | 4 | 4.6 | 5.4 | 4.5 | 3.1 | 3.9 | 6.2 | 6.8 | 5.7 | 6.3 | 7.2 | 6.6 | 4.3 | 2.9 | 2.5 | 2 | 2 | 2.2 | 2 | 2 | 2.1 | 3.5 | 3.6 | 3.6 | 3.3 | 4.3 | 0 | 0 |
| Depreciation | 9.6 | 9.4 | 9.4 | 9.3 | 9.2 | 9 | 9.2 | 9 | 8.8 | 9.6 | 9.3 | 9.2 | 9 | 9.2 | 8.1 | 8.4 | 8.2 | 6.8 | 8.8 | 8.6 | 8.5 | 7.9 | 8.3 | 8.2 | 8.1 | 7.9 | 7.8 | 7.7 | 7.6 | 0 | 0 |
| Profit before tax | 106 | 63.8 | 36.4 | 42.9 | 57.3 | 35.1 | 27.2 | 32.6 | 46.9 | 28 | 20.3 | 17.5 | 42.7 | 24.8 | 2.4 | 42.4 | 68.2 | 28.4 | 44.1 | 48.3 | 71.8 | 47.4 | 39.9 | 36.1 | 51.8 | 21.9 | 11.8 | 34.8 | 35 | 0 | 0 |
| Tax | 26.5 | 16.1 | 14.7 | 22.5 | 11.5 | 6.5 | 11.6 | 19.4 | 10.6 | 8.3 | 7.4 | 9.8 | 10 | −18.1 | 2.4 | 11.4 | 19.9 | 8.2 | 13.6 | 14.7 | 29.6 | 12.3 | 16.4 | 13.6 | 16.9 | 3.5 | 7.8 | 6.7 | 16.5 | 0 | 0 |
| Net profit | 86.6 | 87.6 | 112 | 40.9 | 65.6 | 35.7 | 88.9 | 16.9 | 39.4 | 43.8 | 26.4 | −4.2 | 39.6 | 58.4 | 0.8 | 2.6 | 60.7 | 46.3 | 37.4 | 144 | 75.6 | 66.4 | 71.7 | 78.8 | 61.8 | 32.9 | 25 | 50.6 | 61 | 0 | 0 |
| Net margin | 14.1% | 17.5% | 28.8% | 11.2% | 12.5% | 8.5% | 25.9% | 4.8% | 7.3% | 12.0% | 7.9% | -1.3% | 8.1% | 16.7% | 0.3% | 0.8% | 12.2% | 11.9% | 11.1% | 46.3% | 18.0% | 19.6% | 23.6% | 30.2% | 20.3% | 14.2% | 12.6% | 22.9% | 18.9% | – | – |
| EPS (₹) | 10.00 | 10.12 | 12.94 | 4.73 | 7.58 | 4.12 | 10.27 | 2.02 | 4.72 | 5.25 | 3.16 | -0.50 | 4.73 | 6.99 | 0.10 | 0.31 | 7.27 | 5.55 | 4.48 | 17.19 | 9.05 | 7.95 | 8.58 | 9.44 | 7.40 | 3.93 | 3.00 | 6.06 | 7.31 | 0.00 | 0.00 |
| Net profit YoY | +31.9% | +145.4% | +26.1% | +142.5% | +66.5% | −18.5% | +237.0% | +506.7% | −0.4% | −25.0% | +3040.5% | −260.9% | −34.8% | +26.1% | −97.8% | −98.2% | −19.8% | −30.3% | −47.8% | +82.1% | +22.3% | +102.2% | +186.2% | +55.8% | +1.3% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,792 | 1,659 | 1,501 | 1,458 | 1,457 | 1,209 | 974 | 1,036 | 959 |
| Other income | 15 | 15.5 | 14.3 | 21.6 | 11.6 | 24.5 | 40.9 | 24.1 | 31.2 |
| Total expenses | 1,615 | 1,532 | 1,407 | 1,361 | 1,276 | 1,059 | 917 | 953 | 891 |
| EBITDA | 232 | 179 | 156 | 152 | 222 | 193 | 103 | 128 | 118 |
| EBITDA margin | 12.9% | 10.8% | 10.4% | 10.4% | 15.3% | 15.9% | 10.6% | 12.3% | 12.3% |
| Finance costs | 17.6 | 17 | 25 | 21 | 8.6 | 9.6 | 14.7 | 15.1 | 21.7 |
| Depreciation | 37.2 | 36 | 37 | 33.9 | 32.7 | 32.6 | 30.9 | 29.5 | 27.9 |
| Profit before tax | 200 | 142 | 109 | 122 | 193 | 175 | 103 | 107 | 112 |
| Tax | 64.8 | 48.1 | 35.5 | 15.5 | 66.1 | 59.2 | 34.4 | 32.7 | 33.2 |
| Net profit | 306 | 181 | 106 | 123 | 303 | 279 | 170 | 172 | 176 |
| Net margin | 17.1% | 10.9% | 7.0% | 8.4% | 20.8% | 23.0% | 17.4% | 16.6% | 18.4% |
| EPS (₹) | 35.36 | 20.89 | 12.67 | 14.65 | 36.27 | 33.38 | 20.29 | 20.63 | 21.07 |
| Net profit YoY | +69.3% | +71.1% | −13.7% | −59.5% | +8.6% | +64.4% | −1.6% | −2.1% | – |
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 | 201 | 132 | 135 | −43.3 | 88.1 |
| Investing cash flow | −37.5 | −107 | −21.4 | −27.3 | −138 |
| Financing cash flow | −114 | −10.7 | −99.7 | 53.8 | 62.7 |
| Capital expenditure | 50.8 | 28.8 | 34.1 | 62.8 | 67.8 |
| Free cash flow (CFO − capex) | 150 | 103 | 101 | −106 | 20.3 |
Net profit trend
annual, ₹ croreFY21
₹279
FY22
₹303+9%
FY23
₹123−60%
FY24
₹106−14%
FY25
₹181+71%
FY26
₹306+69%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 27 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 27 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF XBRL |
| Q2 FY26 | Consolidated | 5 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF XBRL |
| Q2 FY26 | Standalone | 5 Nov 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 10.7×8.5×
P/B5Y avg 0.45×0.61×
ROEFY26, on average equity7.0%
Net margin17.1%
Debt / equity0.04×
Revenue CAGR (3Y)7.1%
Profit CAGR (3Y)35.7%
EPS (TTM)₹37.79
Market cap₹2,771 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.61×
vs 8-point avg 0.45× (+36%)
0.28× low0.45× avg0.66× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹4,977 Cr+4%
Net worth₹4,522 Cr+7%
Total borrowings₹169 Cr−34%
Cash & bank balances₹115 Cr+121%
Investments₹66 Cr−16%
Inventories₹631 Cr+4%
Trade receivables₹88 Cr−12%
Trade payables₹28 Cr−35%
Change vs the same date a year earlier.
Revenue mix FY26
BUILDING PRODUCTS88.2%result ₹176 Cr
TEXTILES10.7%result ₹2.4 Cr
WINDMILLS1.1%result ₹11.9 Cr
Segment revenue as reported, before inter-segment eliminations.