Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 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 | Q2 FY21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 130 | 134 | 113 | 131 | 114 | 101 | 88.7 | 105 | 78.7 | 82.6 | 72.5 | 83.6 | 73 | 68.3 | 65.2 | 72.9 | 61.3 | 54.1 | 53.2 | 60.6 | 32.1 | 47.6 | 45.8 | 38.1 |
| Other income | 1.6 | 1.2 | 1.4 | 1 | 0.2 | 1 | 1.9 | 0.8 | 1.4 | 2.1 | 1.6 | 1.2 | 1.4 | 1.1 | 1 | 1.5 | 1.2 | 0.8 | 1.4 | 1.3 | 0.9 | 12.1 | 0.9 | 0.7 |
| Total expenses | 109 | 113 | 93.8 | 108 | 95.3 | 84.1 | 75.1 | 88.4 | 66.2 | 67.9 | 60.3 | 63.9 | 56.9 | 56.4 | 52 | 54.9 | 47.1 | 45.9 | 42.4 | 48.2 | 30 | 39.1 | 38.1 | 44.4 |
| EBITDA | 24.2 | 25.7 | 23 | 27.4 | 22.6 | 19 | 15.4 | 19 | 14.1 | 16.2 | 13.8 | 21.3 | 17.4 | 13.1 | 14.1 | 19.2 | 15.4 | 9.4 | 12.1 | 13.4 | 2.9 | 9.3 | 8.6 | −5.5 |
| EBITDA margin | 18.6% | 19.1% | 20.4% | 20.9% | 19.7% | 18.8% | 17.4% | 18.0% | 17.9% | 19.7% | 19.0% | 25.5% | 23.8% | 19.2% | 21.6% | 26.3% | 25.0% | 17.4% | 22.7% | 22.1% | 8.9% | 19.6% | 18.7% | -14.3% |
| Finance costs | 1 | 1 | 1.3 | 1.4 | 1.1 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2.7 | 2.9 | 2.7 | 2.6 | 2.5 | 1.8 | 1.8 | 1.8 | 1.6 | 1.5 | 1.6 | 1.6 | 1.3 | 1.3 | 0.9 | 1.1 | 1.1 | 1.2 | 1.2 | 1 | 0.8 | 0.8 | 0.8 | 0.9 |
| Profit before tax | 22.1 | 23 | 20.4 | 24.5 | 19.2 | 18 | 15.5 | 18 | 13.9 | 16.8 | 13.8 | 20.9 | 17.6 | 13 | 14.2 | 19.5 | 15.4 | 9.1 | 12.2 | 13.7 | 3 | 20.6 | 8.6 | −5.7 |
| Tax | 5.9 | 5.3 | 5.4 | 6.4 | 5 | 3.9 | 4.1 | 4.7 | 3.7 | 4.3 | 3.3 | 5.4 | 4.7 | 3.5 | 3.6 | 5.1 | 3.7 | 2.9 | 3 | 3.6 | 0.8 | 5.4 | 2.2 | −1.4 |
| Net profit | 16.2 | 17.7 | 15 | 18.1 | 14.2 | 14.1 | 11.5 | 13.3 | 10.2 | 12.5 | 10.5 | 15.5 | 12.9 | 9.5 | 10.5 | 14.4 | 11.7 | 6.2 | 9.2 | 10.2 | 2.2 | 15.2 | 6.4 | −4.3 |
| Net margin | 12.5% | 13.2% | 13.3% | 13.8% | 12.4% | 14.0% | 12.9% | 12.6% | 13.0% | 15.1% | 14.5% | 18.6% | 17.7% | 13.9% | 16.1% | 19.8% | 19.0% | 11.4% | 17.2% | 16.8% | 6.9% | 32.0% | 13.9% | -11.3% |
| EPS (₹) | 2.85 | 3.16 | 2.69 | 3.24 | 2.59 | 2.57 | 2.09 | 2.42 | 1.86 | 2.28 | 1.92 | 2.83 | 2.35 | 1.73 | 3.84 | 5.26 | 4.26 | 2.26 | 3.34 | 3.71 | 0.81 | 5.55 | 2.33 | -1.57 |
| Net profit YoY | +14.1% | +25.3% | +31.2% | +36.3% | +39.2% | +12.8% | +9.0% | −14.4% | −20.9% | +31.9% | −0.2% | +7.6% | +10.5% | +53.4% | +14.9% | +41.9% | +427.4% | −59.4% | +43.7% | +335.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 492 | 374 | 312 | 268 | 200 | 143 |
| Other income | 3.9 | 5.2 | 6.4 | 4.8 | 4.4 | 14.1 |
| Total expenses | 409 | 314 | 249 | 210 | 166 | 135 |
| EBITDA | 98.8 | 67.4 | 68.7 | 61.7 | 37.8 | 12.2 |
| EBITDA margin | 20.1% | 18.0% | 22.0% | 23.0% | 18.9% | 8.5% |
| Finance costs | 4.9 | 0.2 | 0 | 0 | 0.1 | 0.1 |
| Depreciation | 10.7 | 7 | 6 | 4.4 | 4.1 | 3.7 |
| Profit before tax | 87.1 | 65.5 | 69.1 | 62.1 | 37.9 | 22.6 |
| Tax | 22.1 | 16.4 | 17.6 | 16 | 10.2 | 6 |
| Net profit | 65 | 49.1 | 51.4 | 46.1 | 27.7 | 16.6 |
| Net margin | 13.2% | 13.1% | 16.5% | 17.2% | 13.9% | 11.6% |
| EPS (₹) | 11.63 | 8.95 | 9.38 | 8.41 | 10.12 | 6.05 |
| Net profit YoY | +32.5% | −4.6% | +11.6% | +66.3% | +67.2% | – |
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 | 44.4 | 54.3 | 32.4 | −18.7 | 35.2 |
| Investing cash flow | −69.7 | −45.3 | −11.8 | 9.4 | −11.1 |
| Financing cash flow | 38.8 | −8.4 | −8.2 | −5.5 | −17.4 |
| Capital expenditure | 27.8 | 107 | 12.5 | 10.1 | 22.1 |
| Free cash flow (CFO − capex) | 16.6 | −52.7 | 19.9 | −28.8 | 13 |
Net profit trend
annual, ₹ croreFY21
₹16.6
FY22
₹27.7+67%
FY23
₹46.1+66%
FY24
₹51.4+12%
FY25
₹49.1−5%
FY26
₹65+33%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 28 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 28 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 7 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 7 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 31 Jan 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 31 Jan 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 10 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 10 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 2 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 33.5×34.8×
P/B5Y avg 5.94×4.90×
ROEFY26, on average equity15.8%
Net margin13.2%
Debt / equity0.07×
Revenue CAGR (3Y)22.5%
Profit CAGR (3Y)12.1%
EPS (TTM)₹11.80
Market cap₹2,330 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.90×
vs 8-point avg 5.94× (−17%)
3.93× low5.94× avg7.73× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹589 Cr+31%
Net worth₹475 Cr+36%
Total borrowings₹32 Cr
Cash & bank balances₹57 Cr+31%
Investments₹57 Cr+2765%
Inventories₹111 Cr+2%
Trade receivables₹155 Cr+66%
Trade payables₹54 Cr+39%
Change vs the same date a year earlier.