Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 20 | 55 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 11.8 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other income | 2 | 1.5 | 2 | 1.3 | 1.7 | 1.3 | 1.5 | 1.9 | 1.9 | 1.8 | 2.2 | 3.7 | 1.6 | 1.3 | 1.4 | 0.9 | 0.9 | 1 | 1.1 | 1.1 | 1.1 | 1 | 0.8 |
| Total expenses | 3.8 | 5.1 | 4.3 | 3.2 | 2.7 | 2.7 | 3 | 2.3 | 2.6 | 2.3 | 4.2 | 1.9 | 3.7 | 6.3 | 1.8 | 2.1 | 2 | 1.7 | 1.3 | 1 | 1 | 5.4 | 1.3 |
| EBITDA | −3 | −4.2 | 16.2 | 52.4 | −1.9 | −1.9 | −2.3 | −1.5 | −1.8 | −1.5 | −3.4 | −1.1 | −2.9 | 6.1 | −1.1 | −1.4 | −1.3 | −1.1 | −0.8 | −0.5 | −0.5 | −4.8 | −0.8 |
| EBITDA margin | -22317.9% | -31851.1% | 81.1% | 95.2% | -1527.0% | -1422.3% | -1609.8% | -1061.6% | -1205.2% | -1060.7% | -2225.8% | -700.6% | -1726.3% | 51.8% | -730.6% | -1371.3% | -4742.2% | -14493.6% | -8219.6% | -6606.4% | -6531.3% | -27052.5% | -3842.1% |
| Finance costs | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 |
| Depreciation | 0.8 | 0.8 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.5 | 0.6 | 0.5 | 0.6 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 |
| Profit before tax | −1.8 | −3.6 | 17.6 | 53.1 | −0.9 | −1.2 | −1.4 | −0.2 | −0.5 | −0.4 | −1.8 | 2 | −1.9 | 6.7 | −0.3 | −1.1 | −1 | −0.7 | −0.1 | 0.2 | 0.1 | −4.4 | −0.5 |
| Tax | −0.1 | −0.7 | 5.2 | 13.2 | −0.3 | −0.3 | −0.3 | −0.1 | −0.1 | −0.1 | −0.1 | 0.3 | −0 | −0.2 | −1 | −0.2 | −0.2 | 0.2 | −0.8 | 0.2 | 0.3 | −0.6 | 0.2 |
| Net profit | −1.7 | −2.9 | 12.5 | 39.9 | −0.5 | −0.9 | −1.2 | −0.1 | −0.4 | −0.3 | −1.6 | 1.7 | −1.9 | 6.9 | 0.8 | −0.8 | −0.7 | −0.6 | −1.5 | 2.3 | −0.2 | −3.6 | −0.5 |
| Net margin | -12591.0% | -22106.8% | 62.4% | 72.5% | -408.6% | -664.8% | -823.6% | -41.0% | -272.1% | -219.2% | -1065.6% | 1098.0% | -1151.9% | 59.0% | 534.2% | -814.1% | -2689.2% | -8250.0% | -15497.9% | 29321.8% | -1951.8% | -20273.2% | -2588.3% |
| EPS (₹) | -0.28 | -0.48 | 2.03 | 6.50 | -0.08 | -0.15 | 0.00 | -0.01 | -0.07 | -0.05 | -0.27 | 0.28 | -0.31 | 1.12 | 0.11 | -0.14 | -0.13 | -0.15 | 0.11 | 0.00 | -0.03 | -0.61 | -0.11 |
| Net profit YoY | −224.6% | −223.5% | +1181.5% | +67796.3% | −25.0% | −187.3% | +29.5% | −103.4% | +78.4% | −104.6% | −312.3% | +313.1% | −157.9% | +1180.0% | +151.3% | −135.3% | −359.8% | +82.3% | −194.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 75.2 | 0.6 | 0.6 | 12 | 0 | 0 |
| Other income | 6.4 | 6.6 | 9.3 | 4.5 | 4.3 | 3.5 |
| Total expenses | 15.2 | 10.5 | 12 | 12.3 | 4.9 | 8.6 |
| EBITDA | 62.4 | −7.6 | −8.9 | 2.4 | −3 | −6.4 |
| EBITDA margin | 83.0% | -1320.2% | -1436.6% | 19.6% | -8885.1% | -16995.2% |
| Finance costs | 0.1 | 0.2 | 0.3 | 0.4 | 0.2 | 0 |
| Depreciation | 2.3 | 2.2 | 2.2 | 2.2 | 1.7 | 2.1 |
| Profit before tax | 66.3 | −3.3 | −2.1 | 4.3 | −0.6 | −5.1 |
| Tax | 17.4 | −0.8 | 0 | −1.6 | −0.1 | 0.1 |
| Net profit | 48.9 | −2.5 | −2.2 | 6.2 | −0 | −4.7 |
| Net margin | 65.0% | -442.8% | -346.2% | 51.2% | -64.6% | -12581.6% |
| EPS (₹) | 7.97 | -0.41 | -0.35 | 0.96 | -0.07 | -0.84 |
| Net profit YoY | +2026.8% | −17.9% | −134.9% | +28521.2% | +99.5% | – |
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 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 35.8 | −8 | −8.6 | 7.4 | 0.5 |
| Investing cash flow | −22.9 | 11.2 | 9 | −8.1 | 7.8 |
| Financing cash flow | −0.2 | −0.3 | −1.1 | −0.4 | −0.2 |
| Capital expenditure | 11.4 | 0.4 | 0.6 | 3.1 | 9.8 |
| Free cash flow (CFO − capex) | 24.4 | −8.5 | −9.2 | 4.2 | −9.3 |
Net profit trend
annual, ₹ croreFY21
₹−4.7
FY22
₹−0+100%
FY23
₹6.2+28521%
FY24
₹−2.2−135%
FY25
₹−2.5−18%
FY26
₹48.9+2027%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF XBRL |
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF XBRL |
| Q4 FY26 | Consolidated | 29 May 2026 | PDF XBRL |
| Q4 FY26 | Standalone | 29 May 2026 | PDF XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 11.6×5.1×
P/B5Y avg 0.93×0.83×
ROEFY26, on average equity18.4%
Net margin65.0%
Debt / equity0.00×
Revenue CAGR (3Y)84.1%
Profit CAGR (3Y)99.4%
EPS (TTM)₹7.78
Market cap₹241 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.83×
vs 8-point avg 0.93× (−10%)
0.48× low0.93× avg1.58× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹325 Cr+14%
Net worth₹290 Cr+20%
Total borrowings₹1 Cr−10%
Cash & bank balances₹19 Cr+195%
Investments₹27 Cr−22%
Inventories₹165 Cr+0%
Trade receivables₹0 Cr
Trade payables₹14 Cr+2%
Change vs the same date a year earlier.