Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY19
| ₹ 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 | Q4 FY19 | Q3 FY19 | Q2 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 339 | 334 | 250 | 255 | 274 | 148 | 145 | 135 | 123 | 109 | 96.4 | 103 | 98.5 | 103 | 123 | 120 | 109 | 106 | 109 | 110 | 111 | 114 | 107 | 113 | 113 | 119 | 126 | 136 | 121 | 113 |
| Other income | 9.7 | 15.3 | 6.1 | 9.7 | 7.6 | 9.9 | 9.3 | 19.2 | 17.4 | 20.9 | 18.1 | 10.3 | 21.5 | 8.4 | 11.3 | 15.7 | 4.6 | 7.7 | 12.5 | 10.6 | 5.8 | 10.2 | 4.7 | 8.9 | −2.7 | 12.5 | 14.4 | 10.8 | 9.1 | 8.5 |
| Total expenses | 319 | 312 | 236 | 251 | 269 | 145 | 143 | 135 | 122 | 109 | 93.5 | 89.9 | 91.1 | 90.6 | 95.4 | 91.6 | 79.8 | 76.4 | 76 | 79.1 | 77.1 | 81.2 | 83 | 83.6 | 94 | 97.9 | 111 | 113 | 110 | 101 |
| EBITDA | 32.1 | 33.2 | 25.6 | 15 | 14.6 | 7.1 | 6.1 | 4.5 | 5.2 | 2 | 4.8 | 14.6 | 9.3 | 14.2 | 29 | 30.1 | 31 | 31.5 | 34.3 | 32.3 | 36 | 35 | 27.1 | 32.5 | 22 | 24.2 | 17.2 | 24.4 | 12.7 | 13.3 |
| EBITDA margin | 9.5% | 9.9% | 10.2% | 5.9% | 5.4% | 4.8% | 4.2% | 3.4% | 4.2% | 1.9% | 5.0% | 14.2% | 9.4% | 13.8% | 23.7% | 25.1% | 28.4% | 29.6% | 31.6% | 29.4% | 32.5% | 30.7% | 25.3% | 28.7% | 19.5% | 20.4% | 13.7% | 18.0% | 10.4% | 11.8% |
| Finance costs | 1.4 | 0.8 | 1.2 | 1 | 1.1 | 0.7 | 0.7 | 0.7 | 0.6 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0 | 0 | 0 |
| Depreciation | 10.8 | 10.3 | 10.3 | 9.2 | 9.2 | 3.6 | 3.7 | 3.6 | 3 | 1.9 | 1.8 | 1.9 | 1.9 | 1.8 | 1.7 | 1.7 | 1.6 | 1.6 | 1.7 | 1.6 | 2.1 | 2.3 | 2.8 | 2.9 | 2.9 | 2.9 | 2.8 | 1.8 | 1.6 | 1.6 |
| Profit before tax | 29.6 | 37.4 | 11.9 | 14.5 | 12 | 12.7 | 10.9 | 19.4 | 19.1 | 20.9 | 21 | 23 | 28.9 | 20.7 | 38.6 | 44.1 | 33.9 | 37.5 | 45.1 | 41.3 | 39.4 | 42.8 | 28.9 | 38.4 | 16.2 | 33.6 | 28.7 | 33.4 | 20.1 | 20.2 |
| Tax | 6 | 8.4 | 2.8 | 4 | 2 | 1.1 | 1.9 | 7.1 | 1.4 | 3.7 | 3.3 | 4.9 | 3.2 | 3.6 | 7.4 | 8.1 | 7.1 | 7.4 | 7.8 | 7.3 | 10.3 | 8.9 | 5.6 | 10.1 | 6.8 | 10.1 | 6 | 6 | 2.1 | 3.3 |
| Net profit | 23.5 | 29 | 9.1 | 10.5 | 10 | 11.5 | 9 | 12.3 | 17.7 | 17.2 | 17.7 | 18.1 | 25.7 | 17.1 | 31.3 | 35.9 | 26.9 | 30.1 | 37.3 | 34 | 29.1 | 33.9 | 23.3 | 28.3 | 9.4 | 23.5 | 22.7 | 27.5 | 18.1 | 17.9 |
| Net margin | 6.9% | 8.7% | 3.7% | 4.1% | 3.7% | 7.8% | 6.2% | 9.1% | 14.3% | 15.8% | 18.4% | 17.6% | 26.1% | 16.6% | 25.5% | 29.9% | 24.6% | 28.3% | 34.3% | 31.0% | 26.3% | 29.8% | 21.7% | 25.0% | 8.4% | 19.7% | 18.1% | 20.3% | 14.9% | 15.8% |
| EPS (₹) | 16.37 | 17.79 | 5.12 | 6.44 | 6.24 | 7.29 | 6.00 | 7.98 | 12.03 | 11.41 | 11.79 | 12.01 | 17.08 | 11.34 | 20.79 | 23.89 | 17.87 | 20.00 | 24.80 | 22.63 | 19.37 | 22.57 | 15.50 | 18.83 | 6.29 | 14.83 | 13.34 | 16.11 | 10.58 | 9.87 |
| Net profit YoY | +135.1% | +152.1% | +1.2% | −14.6% | −43.4% | −33.2% | −49.1% | −32.0% | −31.2% | +0.9% | −43.2% | −49.7% | – | −36.5% | +3.9% | −3.7% | −7.6% | −11.3% | +60.2% | +20.2% | +207.8% | +44.6% | +2.4% | – | −65.6% | +29.8% | +27.1% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,113 | 551 | 406 | 447 | 434 | 445 | 492 | 504 |
| Other income | 38.7 | 55.8 | 70.9 | 29.7 | 35.3 | 29.6 | 35.7 | 46 |
| Total expenses | 1,068 | 545 | 383 | 353 | 311 | 325 | 416 | 440 |
| EBITDA | 88.4 | 22.9 | 30.7 | 101 | 129 | 131 | 88.1 | 71.1 |
| EBITDA margin | 7.9% | 4.2% | 7.6% | 22.5% | 29.7% | 29.3% | 17.9% | 14.1% |
| Finance costs | 4 | 2.8 | 0.3 | 0.1 | 0 | 0.5 | 0.7 | 0 |
| Depreciation | 39 | 14 | 7.4 | 6.8 | 6.5 | 10.2 | 11.2 | 6.6 |
| Profit before tax | 75.8 | 62 | 93.8 | 124 | 158 | 149 | 112 | 111 |
| Tax | 17.2 | 11.5 | 15.1 | 24.2 | 29.6 | 34.9 | 33.1 | 20.1 |
| Net profit | 58.6 | 50.5 | 78.7 | 99.5 | 128 | 115 | 78.8 | 90.4 |
| Net margin | 5.3% | 9.2% | 19.4% | 22.3% | 29.6% | 25.8% | 16.0% | 17.9% |
| EPS (₹) | 35.61 | 33.30 | 52.29 | 66.14 | 85.31 | 76.26 | 48.57 | 52.92 |
| Net profit YoY | +16.1% | −35.9% | −20.8% | −22.4% | +12.0% | +45.3% | −12.8% | – |
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 | −22.8 | −57.2 | 59.4 | 71.5 | 107 |
| Investing cash flow | 92.4 | 83.5 | 7.1 | −27.1 | −69.1 |
| Financing cash flow | −48.6 | −46.4 | −39.4 | −37.1 | −39.2 |
| Capital expenditure | 12.7 | 9.9 | 7.7 | 7.7 | 6.5 |
| Free cash flow (CFO − capex) | −35.5 | −67.1 | 51.7 | 63.8 | 101 |
Net profit trend
annual, ₹ croreFY21
₹115
FY22
₹128+12%
FY23
₹99.5−22%
FY24
₹78.7−21%
FY25
₹50.5−36%
FY26
₹58.6+16%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated · audited | 31 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone · audited | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 8 May 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | 8 May 2026 | PDF XBRL |
| Q3 FY26 | Consolidated · audited | 6 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone · audited | 6 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated · audited | 8 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone · audited | 8 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 29.3×35.6×
P/B5Y avg 2.39×3.00×
ROEFY26, on average equity7.1%
Net margin5.3%
Debt / equity0.00×
Revenue CAGR (3Y)35.5%
Profit CAGR (3Y)-16.1%
EPS (TTM)₹47.52
Market cap₹2,568 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.00×
vs 8-point avg 2.39× (+26%)
1.66× low2.39× avg3.02× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,166 Cr+22%
Net worth₹855 Cr+9%
Total borrowings₹0 Cr
Cash & bank balances₹57 Cr+72%
Investments₹277 Cr−53%
Inventories₹35 Cr
Trade receivables₹175 Cr+64%
Trade payables₹34 Cr+120%
Change vs the same date a year earlier.
Revenue mix FY26
Software Services69.4%result ₹210 Cr
Product Solutions30.6%result ₹27.5 Cr
Segment revenue as reported, before inter-segment eliminations.