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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	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18
Revenue from operations	280	218	249	255	255	219	217	176	194	191	175	185	176	180	154	181	169	192	137	136	119	114	95.6	76.9	63.8	86.7	85.6	81.9	92.2	121	115	97.5	120
Other income	4.9	2	4.5	3.3	3.7	2.5	2.1	2.8	3.4	2.6	3.3	2.9	1.9	2	2.4	2.6	0.9	1.3	1.6	2.3	2	2	2	1	1.6	0.5	0.9	0.9	1	0.5	0.5	0.3	0.5
Total expenses	257	203	233	236	232	202	201	163	183	178	167	177	167	166	146	173	152	177	122	118	104	103	85.4	68.6	64.2	79.4	73.9	71.4	84.9	104	99.1	83.9	111
EBITDA	31.9	22.1	22.1	26.2	29.1	24.7	22.4	19.1	17.7	18.7	14	14	14	20.4	13.1	13.7	21.2	19.3	19.7	22.3	18.4	14.1	13.5	11.5	3.1	10.8	14.9	13.7	10.8	20.2	19.4	16.8	12.3
EBITDA margin	11.4%	10.1%	8.9%	10.3%	11.4%	11.3%	10.3%	10.9%	9.1%	9.8%	8.0%	7.5%	8.0%	11.3%	8.5%	7.5%	12.5%	10.0%	14.3%	16.4%	15.6%	12.4%	14.1%	14.9%	4.9%	12.4%	17.4%	16.7%	11.8%	16.7%	16.8%	17.3%	10.3%
Finance costs	2.6	0.9	0.7	1.7	1.2	1	0.5	0.4	0.4	0.2	0.6	0.2	0.5	1	0.4	0.5	0.3	0.1	0.5	0.6	0.8	0.2	0.3	0.3	0.6	0.7	0.4	0.4	0.7	0.6	0.6	0.8	0.8
Depreciation	6.3	5.8	5.9	5.9	5.9	5.8	5.6	5.6	5.6	5.3	5.5	5.4	5.4	4.9	4.9	4.8	3.9	3.6	3.6	3.4	3.5	3.6	3	2.8	2.8	2.8	2.9	2.9	2.9	2.4	2.6	2.5	2.2
Profit before tax	27.8	17.4	20	21.9	25.8	20.4	18.3	15.9	15.1	15.9	11.2	11.2	10	16.5	10.2	10.9	17.9	16.8	17.2	20.6	16.2	12.3	12.2	9.3	1.3	7.7	12.6	11.4	8.3	17.7	16.7	13.9	9.8
Tax	4.9	4.6	1.9	3.7	4.9	3.8	2.4	2.6	2.2	2.8	3.6	2.7	2.1	3.7	5.1	6.1	3.5	2.8	4.8	4.9	2.8	1.9	3.2	2	0.2	−3.5	2.6	3.3	1.9	6	4.4	4.8	0.5
Net profit	22.9	12.9	18.1	18.2	21	16.5	15.9	13.3	12.8	13.1	7.6	8.5	7.9	12.8	5.1	4.9	14.4	14	12.4	15.7	13.4	10.4	9	7.3	1	11.2	10	8.1	6.4	11.8	12.3	9.1	9.4
Net margin	8.2%	5.9%	7.3%	7.1%	8.2%	7.5%	7.3%	7.6%	6.6%	6.9%	4.4%	4.6%	4.5%	7.1%	3.3%	2.7%	8.6%	7.3%	9.0%	11.6%	11.3%	9.2%	9.4%	9.5%	1.6%	13.0%	11.7%	9.9%	6.9%	9.7%	10.7%	9.4%	7.8%
EPS (₹)	7.09	3.98	5.59	5.63	6.48	5.12	4.93	4.14	4.06	4.14	2.41	2.68	2.49	4.06	1.61	1.51	4.65	4.54	4.02	5.11	4.34	3.38	3.16	2.38	0.33	3.65	3.25	2.63	2.07	3.86	4.00	2.97	3.10
Net profit YoY	+9.4%	−22.2%	+13.5%	+36.7%	+63.2%	+26.4%	+108.6%	+57.5%	+62.8%	+2.2%	+49.1%	+73.6%	−45.4%	−8.6%	−58.7%	−69.1%	+7.8%	+34.5%	+37.3%	+114.6%	+1222.3%	−7.2%	−9.9%	−9.4%	−84.1%	–	−15.0%	−34.1%	−30.4%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	977	806	726	684	584	355	346	395
Other income	13.5	10.8	10.7	7.9	7.2	6.7	3.3	1.8
Total expenses	905	747	689	636	520	326	310	345
EBITDA	99.5	83.9	60.7	68.4	79.7	43.2	50.3	61.1
EBITDA margin	10.2%	10.4%	8.4%	10.0%	13.6%	12.2%	14.5%	15.4%
Finance costs	4.5	2.3	1.6	2.2	2	1.5	2.1	2.9
Depreciation	23.5	22.6	21.6	18.5	14.1	12.6	11.5	7.8
Profit before tax	85.1	69.7	48.2	55.6	70.8	35.9	40	52.2
Tax	15	11.1	11.2	18.3	15.2	7.3	4.3	15.7
Net profit	70.1	58.6	37.1	37.2	55.5	28.5	35.7	36.5
Net margin	7.2%	7.3%	5.1%	5.4%	9.5%	8.0%	10.3%	9.2%
EPS (₹)	21.68	18.25	11.72	11.83	18.01	9.25	11.60	12.09
Net profit YoY	+19.6%	+58.2%	−0.5%	−33.0%	+94.6%	−20.1%	–	–

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	102	37.5	16.2	50.4	42.2
Investing cash flow	−128	−34.8	−57.6	−38	−63
Financing cash flow	24.5	−0.4	38.2	−21.8	31.2
Capital expenditure	116	46.9	46.6	26.4	58.4
Free cash flow (CFO − capex)	−14.5	−9.4	−30.4	24	−16.2

Net profit trend

annual, ₹ crore

FY21

₹28.5

FY22

₹55.5+95%

FY23

₹37.2−33%

FY24

₹37.1−0%

FY25

₹58.6+58%

FY26

₹70.1+20%

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	18 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	18 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	8 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	8 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	12 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	12 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2613.57 MB FY254.30 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 13.8×22.7×

P/B5Y avg 1.58×2.68×

ROEFY26, on average equity12.2%

Net margin7.2%

Debt / equity0.21×

Revenue CAGR (3Y)12.6%

Profit CAGR (3Y)23.5%

EPS (TTM)₹22.29

Market cap₹1,636 Cr

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

P/B vs history

2.68×

vs 8-point avg 1.58× (+69%)

1.08× low1.58× avg2.68× high

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

Balance sheet 31 Mar 2026

Total assets₹970 Cr+12%

Net worth₹610 Cr+13%

Total borrowings₹127 Cr+29%

Cash & bank balances₹1 Cr−75%

Investments₹141 Cr+49%

Inventories₹136 Cr−15%

Trade receivables₹179 Cr+3%

Trade payables₹160 Cr+2%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jul 24	Jun 24	Mar 24	Dec 23
Promoter	69.36	69.36	69.36	69.36	69.36	69.36	69.36	69.36	69.29	68.60	68.60	68.60
FII	0.51	0.43	0.59	1.47	0.42	0.86	0.41	1.62	1.44	1.59	1.39	1.35
DII	0.00	0.29	0.38	–	–	0.00	0.00	0.00	0.00	0.01	0.00	0.75
Retail	21.90	21.72	21.37	21.03	21.96	21.44	21.51	21.81	22.54	23.88	23.92	23.15
Other public	8.23	8.20	8.30	8.14	8.26	8.34	8.72	7.21	6.73	5.92	6.09	6.15

16,315 shareholders · NSE shareholding pattern filings.