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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17

₹ 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	Q4 FY17
Revenue from operations	207	238	210	242	196	248	173	197	164	246	161	167	135	149	149	159	64.4	60.9	121	175	163	171	149	130	113	96.5	80.4	118	117	0
Other income	1.7	2.6	3.8	1.4	0.6	1.4	2.1	1.3	1.4	1.6	1.5	0.8	0.5	1.3	2.2	0.6	0.8	0.4	2.1	1.4	1.3	1.3	0.9	0.9	0.8	3.1	0.8	0.6	0.7	0
Total expenses	182	213	183	210	172	221	153	179	144	226	146	152	123	140	144	159	78	77.7	107	141	132	138	123	115	99.9	90.9	68.7	104	102	0
EBITDA	41	39.9	43.6	48.4	39.4	40.8	33.2	31.5	33.5	33.6	29	27.8	26.2	23.2	18.5	13.6	−0.8	−4.4	27	46.8	44.4	41.1	34.5	23.7	21.4	14.4	20	22.2	23.4	0
EBITDA margin	19.8%	16.8%	20.7%	20.0%	20.1%	16.4%	19.2%	16.0%	20.4%	13.7%	18.0%	16.7%	19.3%	15.6%	12.4%	8.5%	-1.3%	-7.3%	22.3%	26.8%	27.3%	24.0%	23.2%	18.2%	19.0%	14.9%	24.9%	18.8%	20.0%	–
Finance costs	5.5	5.3	6.2	5.7	5.8	5.1	4.2	4.6	4.7	5.6	6	5.6	6.3	5.9	5.9	5.2	4.9	4.3	4.8	4.8	5	2.5	2.9	2.7	2.9	2.9	2.9	3	3.4	0
Depreciation	10	10.1	10	10	9.8	8.6	8.7	8.6	8.4	7.9	8	7.9	7.7	8	8.1	8.1	7.9	8	8.1	8.1	8	5.5	5.6	5.6	5.5	6	5.4	5.4	5.3	0
Profit before tax	27.2	27.1	31.2	34	24.4	28.5	22.4	19.5	21.8	21.7	16.5	15.2	12.7	10.6	6.7	0.8	−12.8	−16.3	16.3	35.2	32.8	34.3	26.7	16.3	13.8	8.6	12.5	14.4	15.3	0
Tax	7	6.1	8	8.9	5.7	8.4	5.4	5.7	5.5	5.7	4.2	3.1	3.9	2.6	1.4	0.1	−2.6	−25.2	6.1	10.2	9.6	12.1	8.4	5	4.6	2.4	5	4.9	5.9	0
Net profit	20.9	32.7	23.5	25.3	20.5	20.3	18.2	14.1	16.5	17.3	11.5	11.7	9.3	6.2	3.8	−2	−12.8	6.2	10.3	23	23.2	23.1	21.4	11.2	7	6.2	7.5	9.5	9.5	0
Net margin	10.1%	13.7%	11.2%	10.4%	10.5%	8.2%	10.5%	7.2%	10.0%	7.0%	7.1%	7.0%	6.9%	4.2%	2.5%	-1.3%	-19.8%	10.1%	8.5%	13.2%	14.2%	13.5%	14.4%	8.6%	6.2%	6.5%	9.3%	8.1%	8.1%	–
EPS (₹)	2.23	3.58	2.59	2.84	2.31	2.40	2.15	1.69	1.95	2.04	1.36	1.39	1.10	0.73	0.44	-0.24	-1.51	0.73	1.07	2.72	2.74	2.73	2.53	1.33	0.83	0.76	0.90	1.17	0.92	0.00
Net profit YoY	+2.0%	+61.0%	+28.7%	+79.5%	+24.3%	+17.6%	+58.9%	+20.2%	+76.4%	+177.9%	+205.0%	+683.8%	+173.2%	+0.7%	−63.3%	−108.7%	−155.0%	−73.3%	−52.0%	+105.1%	+230.1%	+270.3%	+185.2%	+17.6%	−25.9%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY17
Revenue from operations	887	783	709	522	520	563	412	0
Other income	8.4	6.2	4.5	4.9	5.2	3.5	5.1	0
Total expenses	779	697	648	522	457	476	366	0
EBITDA	171	139	117	54.5	114	121	79.9	0
EBITDA margin	19.3%	17.8%	16.4%	10.4%	22.0%	21.5%	19.4%	–
Finance costs	23.1	18.5	23.5	21.9	18.9	11.2	12.2	0
Depreciation	39.9	34.3	31.5	32.1	32.2	22.3	22.1	0
Profit before tax	117	92.3	66.1	5.3	68.5	91.1	50.8	0
Tax	28.6	24.9	16.9	1.5	0.6	30.2	18.1	0
Net profit	102	69.1	49.8	−7.1	62.2	62.5	32.7	0
Net margin	11.5%	8.8%	7.0%	-1.4%	12.0%	11.1%	7.9%	–
EPS (₹)	11.15	8.16	5.89	-0.83	7.35	7.39	3.73	0.00
Net profit YoY	+47.5%	+38.8%	+805.8%	−111.3%	−0.5%	+91.3%	–	–

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	59.2	81.7	50.1	22.5	40.2
Investing cash flow	−131	−123	−52.1	−29.7	−27.2
Financing cash flow	76	47.1	30.7	−32	−6.9
Capital expenditure	131	123	52.2	29.9	27.2
Free cash flow (CFO − capex)	−71.3	−41.7	−2	−7.5	13

Net profit trend

annual, ₹ crore

FY21

₹62.5

FY22

₹62.2−0%

FY23

₹−7.1−111%

FY24

₹49.8+806%

FY25

₹69.1+39%

FY26

₹102+48%

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	22 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	22 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	7 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	7 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	9 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	9 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY268.15 MB FY255.23 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 32.2×43.4×

P/B5Y avg 3.14×5.66×

ROEFY26, on average equity14.3%

Net margin11.5%

Debt / equity0.46×

Revenue CAGR (3Y)19.3%

Profit CAGR (3Y)–

EPS (TTM)₹10.93

Market cap₹4,448 Cr

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

P/B vs history

5.66×

vs 8-point avg 3.14× (+80%)

1.18× low3.14× avg5.83× high

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

Balance sheet 31 Mar 2026

Total assets₹1,362 Cr+18%

Net worth₹786 Cr+23%

Total borrowings₹365 Cr+17%

Cash & bank balances₹46 Cr+11%

Investments₹26 Cr+125%

Inventories₹351 Cr+23%

Trade receivables₹216 Cr+6%

Trade payables₹120 Cr+6%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Sept 25	Jun 25	Mar 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24
Promoter	68.07	68.07	68.07	68.07	68.07	66.26	66.26	66.26	64.67	64.67	64.67	64.67
FII	0.65	0.31	0.04	0.28	0.17	0.03	0.08	0.08	0.31	0.52	0.17	0.17
DII	2.83	3.02	3.21	2.88	2.88	3.03	2.43	2.43	2.55	2.55	2.13	1.98
of which MF	2.81	2.96	3.21	2.88	2.88	3.03	–	–	–	–	–	–
Retail	24.04	23.17	24.08	24.02	24.36	25.89	26.35	26.35	27.38	27.04	27.81	27.93
Other public	4.41	5.43	4.60	4.75	4.52	4.79	4.88	4.88	5.09	5.22	5.22	5.25

31,489 shareholders · NSE shareholding pattern filings.