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 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 65.3 | 99.4 | 62.7 | 70.3 | 37 | 65.4 | 53.7 | 58.6 | 42.8 | 78.8 | 40.2 | 51.8 | 38.4 | 50 | 37.7 | 46.8 | 27.7 | 18.3 | 15.7 | 12.9 | 21.6 | 19.3 | 16.6 | 14.1 | 18.3 | 27 | 24.9 | 29.4 | 26.4 | 23.6 |
| Other income | 4.1 | 1.9 | 3.1 | 2.3 | 3.3 | 3.1 | 2.7 | 0.1 | 0.1 | 0.2 | 0.3 | 0 | 0.3 | 0.3 | 0.3 | 0.1 | 0.5 | 0.2 | 0 | 1.8 | 0.4 | 0.3 | 0 | 0.2 | 0.2 | 0.3 | 0.6 | 0.2 | 0.1 | 0.1 |
| Total expenses | 62 | 92 | 63 | 69.9 | 37.5 | 66.1 | 54.6 | 57.4 | 43 | 68.5 | 42 | 50.6 | 40.2 | 49.8 | 37.4 | 46.6 | 24.5 | 15.9 | 15.6 | 13.5 | 18.9 | 17.7 | 13.6 | 18.5 | 21.1 | 28.4 | 26.4 | 28.5 | 24.6 | 24.7 |
| EBITDA | 4.6 | 8.7 | 1.1 | 1.6 | 0.6 | 0.6 | 0.6 | 2.4 | 1.1 | 11.7 | −0.4 | 2.6 | −0.3 | 1.5 | 1.6 | 1.5 | 4 | 3.2 | 0.9 | 0.1 | 3.6 | 2.6 | 4.3 | −2.9 | −1.5 | −0.7 | −0.9 | 1.5 | 2.4 | −0.6 |
| EBITDA margin | 7.1% | 8.7% | 1.8% | 2.2% | 1.6% | 0.9% | 1.1% | 4.0% | 2.6% | 14.8% | -1.1% | 5.1% | -0.7% | 3.0% | 4.2% | 3.3% | 14.6% | 17.3% | 5.5% | 1.0% | 16.8% | 13.4% | 25.7% | -20.3% | -8.1% | -2.5% | -3.6% | 5.0% | 9.0% | -2.4% |
| Finance costs | 0.2 | 0.2 | 0.4 | 0.1 | 0.1 | 0.3 | 0.5 | 0.2 | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.2 | 0.2 | 0.1 | 0.1 | 0.3 | 0.3 | 0.5 | 0.7 | 0.5 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 |
| Depreciation | 1.1 | 1.1 | 1.1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.8 | 0.8 | 0.9 | 0.8 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| Profit before tax | 7.4 | 9.3 | 2.8 | 2.7 | 2.9 | 2.4 | 1.8 | 1.3 | −0.2 | 10.5 | −1.5 | 1.2 | −1.5 | 0.4 | 21.5 | 0.3 | 3.8 | 2.5 | 0.2 | 1.2 | 3.1 | 1.8 | 3 | −4.2 | −6.9 | −1.1 | −1 | 1.1 | 1.9 | −1 |
| Tax | 1.8 | 2.4 | 0.5 | 0.9 | 0.7 | −1.5 | −0.7 | 0.6 | 0.3 | 1.8 | −0.3 | 0.4 | −0.2 | −1.4 | 4 | 0.4 | −1.9 | −0.2 | −0.1 | −2 | −0.1 | −0.2 | 1.1 | 0.3 | −2.2 | 1.3 | 0.8 | 0 | 1.3 | 0.7 |
| Net profit | 5.6 | 6.9 | 2.2 | 1.9 | 2.2 | 3.8 | 2.5 | 0.7 | −0.4 | 8.7 | −1.2 | 0.8 | −1.2 | 1.8 | 17.5 | −0.1 | 5.7 | 2.8 | 0.2 | 3.2 | 3.2 | 2 | 1.8 | −4.5 | −4.7 | −2.4 | −1.7 | 1.1 | 0.7 | −1.6 |
| Net margin | 8.6% | 6.9% | 3.6% | 2.7% | 5.9% | 5.9% | 4.7% | 1.1% | -1.0% | 11.0% | -3.0% | 1.6% | -3.2% | 3.6% | 46.5% | -0.2% | 20.5% | 15.2% | 1.6% | 24.9% | 14.7% | 10.4% | 11.1% | -31.7% | -25.8% | -8.9% | -6.9% | 3.6% | 2.6% | -6.7% |
| EPS (₹) | 5.62 | 6.89 | 2.24 | 1.87 | 2.18 | 3.85 | 2.55 | 0.68 | -0.45 | 8.70 | -1.22 | 0.83 | -1.24 | 1.73 | 17.55 | -0.02 | 5.40 | 2.56 | 0.24 | 2.42 | 2.44 | 1.52 | 1.41 | -2.87 | -2.88 | -1.30 | -0.90 | 0.55 | 0.31 | -0.70 |
| Net profit YoY | +157.8% | +79.1% | −12.0% | +177.9% | +589.7% | −55.8% | +309.4% | −18.9% | +64.0% | +381.4% | −106.9% | +1078.0% | – | −68.3% | – | −103.0% | +77.0% | +39.0% | −86.7% | +171.6% | +167.5% | – | – | −87.0% | −175.8% | −52.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 269 | 215 | 209 | 163 | 79.5 | 70.3 | 75.2 | 108 | 97.4 |
| Other income | 10.6 | 11.9 | 0.8 | 1.3 | 0.9 | 2.6 | 0.5 | 1.1 | 1 |
| Total expenses | 262 | 221 | 201 | 163 | 73 | 63.8 | 86.2 | 108 | 98.2 |
| EBITDA | 11.9 | −1.3 | 13.6 | 5.3 | 9.6 | 10.5 | −5.6 | 2.3 | 1.3 |
| EBITDA margin | 4.4% | -0.6% | 6.5% | 3.2% | 12.0% | 14.9% | -7.4% | 2.1% | 1.3% |
| Finance costs | 0.8 | 1.5 | 2.2 | 1.7 | 0.7 | 1.2 | 2.4 | 0.9 | 0.2 |
| Depreciation | 4.1 | 3.7 | 3.5 | 3 | 2.4 | 2.8 | 3 | 1.6 | 1.8 |
| Profit before tax | 17.6 | 5.3 | 8.7 | 22.7 | 7.4 | 9.1 | −14.8 | 0.9 | 0.3 |
| Tax | 4.5 | −1.3 | 1.6 | 3.5 | −2.9 | −1.1 | −0.5 | 3.4 | 3.6 |
| Net profit | 13.1 | 6.6 | 7.1 | 19.2 | 10.3 | 10.2 | −14.3 | −2.3 | −3.2 |
| Net margin | 4.9% | 3.1% | 3.4% | 11.8% | 13.0% | 14.6% | -19.0% | -2.2% | -3.3% |
| EPS (₹) | 13.18 | 6.62 | 7.08 | 19.29 | 9.90 | 7.80 | -9.13 | -1.26 | -1.43 |
| Net profit YoY | +99.0% | −6.4% | −63.3% | +86.5% | +0.9% | +171.7% | −515.9% | +28.1% | – |
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 | 15.2 | −6.1 | 7.5 | −25.9 | 42 |
| Investing cash flow | −12.9 | 35.7 | −3.2 | 21 | −4.2 |
| Financing cash flow | −2.4 | −29.3 | −4.3 | 4.7 | −37.7 |
| Capital expenditure | 3.9 | 3.4 | 3.2 | 4.1 | 4.2 |
| Free cash flow (CFO − capex) | 11.4 | −9.5 | 4.3 | −30 | 37.7 |
Net profit trend
annual, ₹ croreFY21
₹10.2
FY22
₹10.3+1%
FY23
₹19.2+87%
FY24
₹7.1−63%
FY25
₹6.6−6%
FY26
₹13.1+99%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 31 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 13 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 13 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 6 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 14.0×13.0×
P/B5Y avg 0.85×1.02×
ROEFY26, on average equity6.5%
Net margin4.9%
Debt / equity0.00×
Revenue CAGR (3Y)18.2%
Profit CAGR (3Y)-11.9%
EPS (TTM)₹16.62
Market cap₹215 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.02×
vs 10-point avg 0.85× (+20%)
0.50× low0.85× avg1.52× high
History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹302 Cr+23%
Net worth₹210 Cr+7%
Total borrowings₹0 Cr−100%
Cash & bank balances₹1 Cr−15%
Investments₹114 Cr+9%
Inventories₹34 Cr+14%
Trade receivables₹89 Cr+58%
Trade payables₹73 Cr+104%
Change vs the same date a year earlier.
Revenue mix FY24
(b) Networking Products93.8%result ₹8 Cr
(a) Investment6.2%result ₹3 Cr
Segment revenue as reported, before inter-segment eliminations.