Your investments deserve an analyst, not a dashboard.

Quarterly results

standalone · 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	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18
Revenue from operations	958	898	539	555	846	771	332	550	746	680	386	499	632	583	328	410	342	233	100	258	184	120	28.7	272	177	234	471	430	232	295	453	368
Other income	1.2	2.6	1.6	2.1	2.1	1.7	1.6	1.6	1.2	2	1	0.2	2.2	1.6	0.6	0.4	0.9	3.7	0.4	1	0.6	2.1	0.8	1.5	0.9	2.1	0.7	1.4	1.2	1.1	0.8	1.8
Total expenses	873	828	517	529	758	702	333	523	685	631	384	478	602	560	329	420	355	266	134	279	211	157	81.8	277	208	263	450	403	253	307	427	352
EBITDA	100	90.4	41.1	41.9	105	90.4	18.3	44.8	81	71.2	21.8	39.2	46.7	43.3	15.9	5.6	2.4	−16.1	−17.3	−5.1	−9.2	−18.4	−35.7	8.6	−18.5	−14.7	36.5	40.9	−7.5	1.4	39.6	24.3
EBITDA margin	10.5%	10.1%	7.6%	7.6%	12.4%	11.7%	5.5%	8.1%	10.9%	10.5%	5.6%	7.9%	7.4%	7.4%	4.9%	1.4%	0.7%	-6.9%	-17.3%	-2.0%	-5.0%	-15.3%	-124.1%	3.2%	-10.5%	-6.3%	7.7%	9.5%	-3.2%	0.5%	8.7%	6.6%
Finance costs	2.7	7	5.8	2.9	5.1	8.9	7.1	5.8	8.1	10.7	7.9	6.5	5.2	9.4	6.8	4.3	4.3	6.3	5.4	4.7	6.1	6.8	5.7	2.7	3.5	3.7	4.7	4.5	3.9	3.7	4.1	1.3
Depreciation	13.3	13.4	13.3	12.9	12.4	12.1	12.1	12.1	12.1	12.1	12	11.7	11.6	10.4	10.6	10.8	10.4	11	11.1	11.2	11.7	11.7	11.6	10.7	9.9	10.2	10	9.5	9.8	9.8	9.4	6.9
Profit before tax	85.3	72.6	23.5	28.3	89.6	71.1	0.8	28.5	62	50.4	2.9	21.2	32.1	25.1	−1	−9.2	−11.4	−29.6	−33.4	−20	−26.4	−34.7	−52.3	−3.3	−31	−26.5	22.5	28.3	−19.9	−11	26.9	17.9
Tax	21.7	18.4	6	7.2	22.6	18.2	0.2	6.7	15.6	−1.9	0.2	0.1	0.3	−1.7	−0.8	0	0	−0.5	0	0.1	0	0	0	−1.3	−13.1	−8.7	5.9	6.3	−5.1	−3.2	6.8	3.1
Net profit	63.6	54.2	17.5	21.1	67	53	0.5	21.8	46.4	52.3	2.7	21.1	31.8	26.8	−0.1	−9.2	−11.4	−29.1	−33.4	−20.1	−26.4	−34.7	−52.3	−2	−17.9	−17.8	16.7	22	−14.8	−7.7	20.1	14.9
Net margin	6.6%	6.0%	3.3%	3.8%	7.9%	6.9%	0.2%	4.0%	6.2%	7.7%	0.7%	4.2%	5.0%	4.6%	-0.0%	-2.2%	-3.3%	-12.5%	-33.5%	-7.8%	-14.4%	-28.8%	-181.8%	-0.7%	-10.1%	-7.6%	3.5%	5.1%	-6.4%	-2.6%	4.4%	4.0%
EPS (₹)	43.96	37.46	12.11	14.55	46.27	36.60	0.36	15.06	32.06	36.14	1.86	14.57	21.97	18.52	-0.09	-6.34	-7.90	-20.11	-23.11	-13.90	-18.24	-23.99	-36.11	-1.39	-12.36	-12.31	11.51	15.21	-10.23	-5.35	13.90	10.27
Net profit YoY	−5.0%	+2.4%	+3209.4%	−3.4%	+44.3%	+1.2%	−80.2%	+3.4%	+45.9%	+95.3%	+2161.5%	+330.0%	–	+334.6%	–	+68.5%	+43.2%	+16.2%	+36.0%	−901.0%	−47.5%	−94.8%	−413.7%	−109.1%	−20.9%	−130.2%	−17.2%	+47.9%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	2,838	2,399	2,196	1,822	924	591	1,154	1,409	1,174
Other income	8.3	6.1	5.4	3.1	6	4.5	5.1	4.5	3.1
Total expenses	2,632	2,243	2,095	1,807	1,030	729	1,198	1,389	1,168
EBITDA	278	235	179	81.6	−41.2	−68.4	11.9	74.4	45.3
EBITDA margin	9.8%	9.8%	8.1%	4.5%	-4.5%	-11.6%	1.0%	5.3%	3.9%
Finance costs	20.7	29.9	30.4	25.1	21.5	23.3	14.6	16.1	10.5
Depreciation	52	48.4	47.5	42.4	43.5	46.2	40.7	38.4	28.4
Profit before tax	214	162	106	17.3	−100	−133	−38.3	24.3	9.5
Tax	54.2	40.7	−1.4	−2.6	−0.5	0.1	−17.3	4.8	1
Net profit	160	122	108	19.8	−99.8	−133	−21.1	19.6	8.5
Net margin	5.6%	5.1%	4.9%	1.1%	-10.8%	-22.6%	-1.8%	1.4%	0.7%
EPS (₹)	110.39	84.08	74.54	13.71	-68.94	-92.24	-14.55	13.53	5.87
Net profit YoY	+31.3%	+12.8%	+444.0%	+119.9%	+25.3%	−533.9%	−207.6%	+130.2%	–

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	156	177	−49.7	90.1	−18.6
Investing cash flow	−65.8	−60.9	−45.8	−42.1	−7
Financing cash flow	−89	−148	127	−55.2	17.4
Capital expenditure	70.3	62	42.4	41.3	19
Free cash flow (CFO − capex)	85.9	116	−92.1	48.8	−37.6

Net profit trend

annual, ₹ crore

FY21

₹−133

FY22

₹−99.8+25%

FY23

₹19.8+120%

FY24

₹108+444%

FY25

₹122+13%

FY26

₹160+31%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Standalone	20 Jul 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	20 Apr 2026	PDF on NSE XBRL
Q3 FY26	Standalone	16 Jan 2026	PDF on NSE XBRL
Q2 FY26	Standalone	18 Oct 2025	PDF on NSE XBRL
Q1 FY26	Standalone	22 Jul 2025	PDF on NSE XBRL
Q4 FY25	Standalone · audited	30 May 2025	PDF on NSE XBRL
Q3 FY25	Standalone	7 Feb 2025	PDF on NSE XBRL
Q2 FY25	Standalone	11 Nov 2024	PDF on NSE XBRL
Q1 FY25	Standalone	2 Aug 2024	PDF on NSE XBRL
Q4 FY24	Standalone · audited	23 May 2024	PDF on NSE XBRL

Annual reports

NSE archive

FY267.00 MB FY259.18 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 33.2×63.2×

P/B5Y avg 8.18×19.03×

ROEFY26, on average equity35.4%

Net margin5.6%

Debt / equity0.54×

Revenue CAGR (3Y)15.9%

Profit CAGR (3Y)100.5%

EPS (TTM)₹108.02

Market cap₹9,883 Cr

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

P/B vs history

19.03×

vs 8-point avg 8.18× (+133%)

5.93× low8.18× avg19.03× high

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

Balance sheet 31 Mar 2026

Total assets₹1,397 Cr+7%

Net worth₹519 Cr+36%

Total borrowings₹280 Cr−13%

Cash & bank balances₹5 Cr+45%

Investments₹0 Cr

Inventories₹661 Cr+14%

Trade receivables₹270 Cr+2%

Trade payables₹406 Cr+10%

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	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	58.97	58.97	58.97	58.97	43.96	43.96	43.96	43.96	43.96	43.96	43.96	43.96
FII	1.24	0.77	0.61	1.80	15.73	15.24	15.32	15.35	15.32	15.81	15.43	15.28
DII	2.43	1.56	0.64	0.63	0.29	0.04	0.00	0.05	0.07	0.00	0.00	0.00
of which MF	0.79	0.12	0.00	0.18	0.00	–	–	–	–	–	–	–
Retail	31.74	32.50	33.74	33.21	34.45	36.23	36.15	36.04	35.79	35.50	35.46	36.22
Other public	5.62	6.20	6.04	5.39	5.57	4.53	4.57	4.60	4.86	4.73	5.15	4.54

41,457 shareholders · NSE shareholding pattern filings.