Your investments deserve an analyst, not a dashboard.

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	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q3 FY19	Q2 FY19	Q4 FY18
Revenue from operations	706	787	591	602	671	658	564	475	561	709	669	587	540	622	576	475	502	334	369	393	418	364	326	264	304	262	265	319	258	295
Other income	2.4	11.2	1.8	4.3	4.2	3.5	4.8	4.8	8.3	43.7	3.7	2.7	3.9	181	14.3	14.9	4.2	1.9	2.6	4.8	1.7	2	3.3	0.8	2.3	0.5	−0.2	0.8	0.6	1.7
Total expenses	745	825	666	653	651	727	633	559	616	742	687	625	602	676	619	557	519	328	340	320	344	291	253	210	295	278	258	324	269	286
EBITDA	72.4	81.5	37.7	51.3	121	36.8	37.6	19.9	46.7	68.1	87.1	60.2	30.5	38.9	47.6	5.7	61.1	46.3	60.8	107	104	104	105	87	44.7	19.9	42.4	30.1	21.1	38.8
EBITDA margin	10.3%	10.4%	6.4%	8.5%	18.1%	5.6%	6.7%	4.2%	8.3%	9.6%	13.0%	10.3%	5.6%	6.3%	8.3%	1.2%	12.2%	13.9%	16.5%	27.3%	25.0%	28.7%	32.1%	32.9%	14.7%	7.6%	16.0%	9.4%	8.2%	13.1%
Finance costs	52.2	53.1	50.3	46.5	47.1	47.3	48.1	46.4	46.4	45.5	48.9	46.8	43.7	51.9	51.4	50.3	47.1	18.4	11.4	15.6	10.8	11.3	11.7	12.8	14.5	15.7	15.8	17.5	15.3	15.4
Depreciation	59.2	66.3	63	55.7	54.7	58.4	58.6	57.6	56.2	56.1	56.2	51.3	49.6	41.6	39.7	37.9	31.5	21.9	19.9	19.4	20	20.3	20.2	20	21.4	20.5	19.3	17.5	17.1	14.2
Profit before tax	−36.6	−26.6	−73.8	−46.5	23.9	−92.5	−64.2	−79.2	−47.6	10.3	−14.3	−20.3	−58.9	126	−29.2	−67.6	−13.4	8	32	76.9	75.1	74.8	76.2	55	11.1	−15.9	7.1	−4.1	−10.7	11
Tax	−8.5	−127	−9.7	−2.3	16.4	−19.5	−9.8	−22.2	−15.4	−1.3	−4.1	−9.8	−16.6	28.5	−2	−18.4	5.8	3.4	11.2	26.8	25.3	25.2	26	19	9.9	−6.8	2.2	−1.1	−2.7	6.2
Net profit	−28.1	100	−64.1	−44.2	7.5	−73.1	−54.5	−57	−32.2	11.6	−10.2	−10.5	−42.2	98	−27.2	−49.2	−19.2	4.6	20.8	50.1	49.8	49.6	50.2	36	1.2	−9.1	4.9	−3	−8	4.7
Net margin	-4.0%	12.7%	-10.9%	-7.3%	1.1%	-11.1%	-9.7%	-12.0%	-5.7%	1.6%	-1.5%	-1.8%	-7.8%	15.8%	-4.7%	-10.4%	-3.8%	1.4%	5.6%	12.8%	11.9%	13.6%	15.4%	13.6%	0.4%	-3.5%	1.9%	-0.9%	-3.1%	1.6%
EPS (₹)	-2.15	7.65	-4.90	-3.38	0.57	-5.59	-4.17	-4.36	-2.46	0.89	-0.78	-0.81	-3.23	7.50	-2.08	-3.76	-1.63	0.39	1.77	21.31	21.24	21.15	21.58	16.16	0.54	-4.14	2.28	-1.46	-3.93	2.26
Net profit YoY	−475.2%	+237.0%	−17.7%	+22.5%	+123.3%	−730.8%	−434.9%	−441.1%	+23.8%	−88.2%	+62.6%	+78.6%	–	+611.6%	−688.5%	−336.9%	−138.4%	−90.7%	−58.6%	+39.1%	+4123.7%	+646.1%	+919.7%	–	–	−205.7%	+161.4%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	2,650	2,258	2,505	2,230	1,597	1,371	1,175	1,078
Other income	21.6	21.4	54.1	223	13.4	7.8	4	7.3
Total expenses	2,795	2,535	2,658	2,434	1,506	1,098	1,130	1,039
EBITDA	292	141	246	153	276	400	186	151
EBITDA margin	11.0%	6.2%	9.8%	6.9%	17.3%	29.2%	15.8%	14.0%
Finance costs	197	188	185	202	92.5	46.6	61	59.3
Depreciation	240	231	214	156	92.7	80.6	78.9	53.6
Profit before tax	−123	−284	−84.1	18.5	104	281	49.7	45.7
Tax	−122	−66.9	−32.1	10	44.9	95.5	23.1	19.4
Net profit	−0.7	−217	−52.1	8.5	59.2	186	26.5	26.3
Net margin	-0.0%	-9.6%	-2.1%	0.4%	3.7%	13.5%	2.3%	2.4%
EPS (₹)	-0.06	-16.58	-3.98	0.66	5.03	80.24	12.36	12.81
Net profit YoY	+99.7%	−316.3%	−712.4%	−85.6%	−68.1%	+599.6%	–	–

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	216	234	400	175	87
Investing cash flow	−412	−113	−188	170	−784
Financing cash flow	130	−217	−221	−367	615
Capital expenditure	423	138	226	0	361
Free cash flow (CFO − capex)	−208	95.8	175	175	−274

Net profit trend

annual, ₹ crore

FY21

₹186

FY22

₹59.2−68%

FY23

₹8.5−86%

FY24

₹−52.1−712%

FY25

₹−217−316%

FY26

₹−0.7+100%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	27 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	27 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	13 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	13 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	21 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	21 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	23 Oct 2025	PDF XBRL
Q2 FY26	Standalone	23 Oct 2025	PDF XBRL
Q1 FY26	Consolidated	21 Jul 2025	PDF on NSE XBRL
Q1 FY26	Standalone	21 Jul 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY268.86 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 291.8×-54.9×

P/B5Y avg 1.58×1.18×

ROEFY26, on average equity-0.0%

Net margin-0.0%

Debt / equity1.01×

Revenue CAGR (3Y)5.9%

Profit CAGR (3Y)–

EPS (TTM)₹-2.78

Market cap₹1,995 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

1.18×

vs 8-point avg 1.58× (−25%)

1.18× low1.58× avg1.92× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹4,505 Cr+8%

Net worth₹1,693 Cr−2%

Total borrowings₹1,708 Cr+18%

Cash & bank balances₹4 Cr−95%

Investments₹0 Cr

Inventories₹313 Cr+14%

Trade receivables₹226 Cr+11%

Trade payables₹346 Cr−40%

Change vs the same date a year earlier.

Revenue mix FY23

Cement100.0%result ₹220 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	48.33	48.33	48.33	48.33	48.33	48.33	48.31	48.31	48.31	48.31	48.31	48.31
FII	1.61	1.66	1.75	2.84	2.63	2.58	2.64	2.65	2.64	2.71	2.84	2.56
DII	18.39	18.49	18.38	17.40	17.88	18.01	17.87	17.54	17.08	17.26	17.05	18.77
of which MF	7.42	7.43	7.54	6.28	6.55	–	–	–	–	–	–	–
Retail	8.63	8.44	8.18	7.84	7.91	8.10	8.39	8.68	9.05	8.66	8.43	7.55
Other public	23.04	23.08	23.36	23.59	23.25	22.98	22.79	22.82	22.92	23.06	23.37	22.81

34,956 shareholders · NSE shareholding pattern filings.