Quarterly results
consolidated · as filed with NSE · Q2 FY26 back to Q4 FY18
| ₹ crore | Q2 FY26 | Q1 FY26 | Q4 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 | Q3 FY19 | Q2 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 296 | 271 | 289 | 303 | 308 | 283 | 323 | 312 | 322 | 338 | 335 | 342 | 331 | 360 | 365 | 363 | 359 | 381 | 389 | 390 | 377 | 408 | 403 | 412 | 386 | 387 | 336 |
| Other income | 5.6 | 7 | 18 | 5.5 | 4.3 | 6.8 | 3.7 | 3.4 | 2.4 | 12.9 | 10.2 | 8.6 | 3 | 4.3 | 1.2 | 5.8 | 3.7 | 7.8 | 2 | 2 | 5.5 | 5.2 | 5.3 | 3.9 | 4.2 | 6.8 | 1.4 |
| Total expenses | 345 | 321 | 348 | 360 | 360 | 359 | 398 | 400 | 423 | 445 | 414 | 417 | 411 | 439 | 427 | 428 | 418 | 471 | 443 | 427 | 429 | 451 | 442 | 448 | 422 | 439 | 397 |
| EBITDA | −2.7 | −1.7 | −8.4 | −0.9 | 6.8 | −56.4 | 12.7 | 6.2 | 0.7 | 33.3 | 25.6 | 31.6 | 28.8 | 42.2 | 47 | 46.3 | 50.6 | 33.4 | 62.4 | 78 | 68.5 | 81.6 | 85 | 92.9 | 99.9 | 80.2 | 67.3 |
| EBITDA margin | -0.9% | -0.6% | -2.9% | -0.3% | 2.2% | -19.9% | 3.9% | 2.0% | 0.2% | 9.9% | 7.6% | 9.3% | 8.7% | 11.7% | 12.9% | 12.8% | 14.1% | 8.8% | 16.0% | 20.0% | 18.2% | 20.0% | 21.1% | 22.5% | 25.9% | 20.7% | 20.1% |
| Finance costs | 24.5 | 24.1 | 24.4 | 24.1 | 23.9 | −5.8 | 24.5 | 24.7 | 27.4 | 28 | 28.4 | 28.8 | 30.2 | 29 | 29.7 | 31.4 | 30.3 | 30.6 | 30.3 | 31.5 | 33.9 | 35.5 | 38.1 | 42.4 | 41.1 | 40.4 | 38 |
| Depreciation | 21.4 | 24.2 | 26.9 | 32.7 | 34.4 | 25.5 | 63.1 | 69.7 | 74.1 | 112 | 75.2 | 77.9 | 79 | 92.6 | 78.6 | 80.5 | 79 | 93.5 | 86.2 | 83.3 | 86.1 | 88.8 | 86.5 | 85.7 | 94.6 | 92.4 | 90.8 |
| Profit before tax | −43 | −43 | −41.7 | −52.2 | −47.2 | 0.4 | −71.1 | −84.8 | −98.4 | −102 | −67.9 | −66.5 | −77.4 | −81.9 | −60.2 | −61.5 | −55 | −105 | −60 | −34.8 | −45.9 | −68.1 | −34.2 | −31.3 | −31.6 | −45.8 | −71.8 |
| Tax | 0.4 | 0.9 | 2.9 | 1.9 | 0.3 | −9.3 | 1.6 | −1 | −1.4 | −1.4 | 1 | 1.7 | −0.2 | −2.8 | 1.3 | 1.8 | 1.6 | −0.7 | −2.1 | −0.1 | 1 | 1.8 | 0.1 | 3.7 | 4.2 | 2.4 | −1.2 |
| Net profit | −43.6 | −44.1 | −44.5 | −54.2 | −47.7 | 9.4 | −72.9 | −84 | −97.1 | −101 | −69 | −68.2 | −77.3 | −79.2 | −61.6 | −63.5 | −56.7 | −104 | −57.7 | −34 | −45.8 | −70.3 | −33.6 | −34.8 | −35.4 | −47.9 | −70.2 |
| Net margin | -14.7% | -16.3% | -15.4% | -17.9% | -15.5% | 3.3% | -22.6% | -26.9% | -30.2% | -29.9% | -20.6% | -19.9% | -23.4% | -22.0% | -16.9% | -17.5% | -15.8% | -27.3% | -14.8% | -8.7% | -12.1% | -17.2% | -8.3% | -8.4% | -9.2% | -12.4% | -20.9% |
| EPS (₹) | -0.50 | -0.51 | -0.51 | -0.62 | -0.55 | 0.11 | -0.84 | -0.96 | -1.11 | -1.16 | -0.79 | -0.78 | -0.90 | -0.90 | -0.70 | -0.70 | -0.70 | -1.20 | -0.70 | -0.40 | -0.50 | -0.80 | -0.40 | -0.40 | -0.40 | -0.50 | -0.80 |
| Net profit YoY | +19.5% | +7.5% | −573.6% | +35.5% | +50.8% | +109.3% | −5.7% | −23.2% | −25.6% | −27.6% | −12.1% | −7.4% | −36.2% | +23.8% | −6.8% | −86.8% | −23.9% | −47.9% | −71.7% | +2.3% | – | – | +5.2% | +27.4% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,179 | 1,291 | 1,345 | 1,446 | 1,537 | 1,619 | 1,410 |
| Other income | 33.2 | 28.6 | 34.7 | 15 | 17.3 | 17.1 | 16 |
| Total expenses | 1,416 | 1,601 | 1,686 | 1,711 | 1,770 | 1,781 | 1,568 |
| EBITDA | −16.4 | 29.6 | 119 | 186 | 242 | 341 | 309 |
| EBITDA margin | -1.4% | 2.3% | 8.9% | 12.9% | 15.8% | 21.0% | 21.9% |
| Finance costs | 96.4 | 81.6 | 115 | 120 | 126 | 158 | 140 |
| Depreciation | 125 | 258 | 344 | 331 | 349 | 346 | 326 |
| Profit before tax | −205 | −211 | −314 | −259 | −245 | −196 | −158 |
| Tax | 8.2 | −6.8 | 1.1 | 2 | −1.9 | −6.6 | 11.8 |
| Net profit | −213 | −205 | −315 | −261 | −241 | −188 | −170 |
| Net margin | -18.1% | -15.9% | -23.4% | -18.0% | -15.7% | -11.6% | -12.0% |
| EPS (₹) | -2.45 | -2.35 | -3.62 | -3.00 | -2.80 | -2.20 | -1.90 |
| Net profit YoY | −4.0% | +35.0% | −20.9% | −8.1% | −28.3% | – | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating cash flow | 82.5 | 410 | 181 | 178 |
| Investing cash flow | −71.6 | −214 | −64 | −182 |
| Financing cash flow | −2.5 | −227 | −75.9 | −51 |
| Capital expenditure | 47.7 | 93.5 | 42.1 | 0 |
| Free cash flow (CFO − capex) | 34.8 | 316 | 139 | 178 |
Net profit trend
annual, ₹ croreFY20
₹−188
FY21
₹−241−28%
FY22
₹−261−8%
FY23
₹−315−21%
FY24
₹−205+35%
FY25
₹−213−4%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q2 FY26 | Consolidated | 8 Apr 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 8 Apr 2026 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 10 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 10 Nov 2025 | PDF XBRL |
| Q4 FY25 | Consolidated · audited | 30 Jun 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 30 Jun 2025 | PDF XBRL |
| Q2 FY25 | Consolidated | 12 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 12 Feb 2025 | PDF on NSE XBRL |
| Q1 FY25 | Consolidated | 29 Jan 2025 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 29 Jan 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-0.1×
P/B-0.02×
ROEFY25, on average equity20.0%
Net margin-18.1%
Debt / equity-0.61×
Revenue CAGR (3Y)-6.6%
Profit CAGR (3Y)–
EPS (TTM)₹-2.14
Market cap₹24 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 30 Sept 2025
Total assets₹1,346 Cr+1%
Net worth₹-1,245 Cr−18%
Total borrowings₹765 Cr−1%
Cash & bank balances₹35 Cr+48%
Investments₹119 Cr+23%
Inventories₹4 Cr+28%
Trade receivables₹259 Cr−8%
Trade payables₹1,139 Cr+10%
Change vs the same date a year earlier.