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 | 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 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 127 | 116 | 135 | 116 | 109 | 103 | 126 | 104 | 103 | 96.2 | 116 | 97.9 | 94.7 | 87.5 | 104 | 93.8 | 90 | 71.8 | 89 | 61.7 | 30.4 | 65.4 | 56.8 | 19.6 | 8.3 | 75.4 | 106 | 88.5 | 87.6 | 0 | 0 |
| Other income | 4.3 | 3.8 | 4.9 | 3.6 | 5.7 | 4 | 3.4 | 3.5 | 8.4 | 4.7 | 6.6 | 5.8 | 3.5 | 10.5 | 1.9 | 3.2 | 8.6 | 7.5 | 1.6 | 2.6 | 2 | 9.8 | 2.7 | 1.2 | 2.7 | 3.2 | 2 | 2.7 | 2.3 | 0 | 0 |
| Total expenses | 122 | 117 | 124 | 114 | 108 | 104 | 116 | 104 | 102 | 97.1 | 107 | 96.2 | 90.9 | 86.2 | 90.9 | 84.4 | 82.7 | 74.4 | 75.6 | 61.5 | 40.9 | 66.5 | 63.1 | 39.6 | 30.6 | 88.3 | 104 | 96.2 | 91.4 | 0 | 0 |
| EBITDA | 24.4 | 17.5 | 28.4 | 19.3 | 17.9 | 15.2 | 26.1 | 15.3 | 15.9 | 13.9 | 23.5 | 15.7 | 17 | 13.7 | 24.8 | 20.3 | 17.8 | 8.3 | 23.9 | 10.1 | 0.1 | 10.9 | 6.1 | −5.4 | −12.6 | 4.1 | 24 | 13.3 | 15.6 | 0 | 0 |
| EBITDA margin | 19.2% | 15.1% | 21.1% | 16.6% | 16.4% | 14.8% | 20.8% | 14.7% | 15.5% | 14.5% | 20.3% | 16.0% | 18.0% | 15.6% | 23.9% | 21.6% | 19.8% | 11.6% | 26.8% | 16.3% | 0.3% | 16.7% | 10.7% | -27.3% | -152.8% | 5.5% | 22.6% | 15.0% | 17.8% | – | – |
| Finance costs | 3.7 | 3.5 | 3.7 | 3.7 | 3.7 | 3.6 | 3.7 | 3.4 | 3.5 | 3.4 | 3.8 | 3.8 | 3.6 | 3.5 | 3.6 | 3.4 | 3.4 | 3.6 | 3.8 | 3.6 | 3.6 | 4 | 4.2 | 5.2 | 3.1 | 5.2 | 5.8 | 5.6 | 4.6 | 0 | 0 |
| Depreciation | 15.5 | 14.7 | 14.3 | 13.6 | 13.4 | 13 | 12.7 | 11.8 | 11.5 | 11.4 | 10.8 | 10.2 | 9.6 | 8.8 | 8.4 | 7.4 | 7.1 | 7.3 | 6.8 | 6.3 | 7 | 8 | 8.2 | 9.4 | 6.6 | 11.8 | 15.6 | 15.4 | 14.8 | 0 | 0 |
| Profit before tax | 9.4 | 3.1 | 12.1 | 5.5 | 6.5 | 2.6 | 13.1 | 3.6 | 9.4 | 3.9 | 15.6 | 7.5 | 7.3 | 20.2 | 14.7 | 12.6 | 15.9 | 4.9 | 14.9 | 2.8 | −8.5 | 8.6 | −3.7 | −14.4 | −19.6 | −37.1 | 4.6 | −4.9 | −1.5 | 0 | 0 |
| Tax | 2.3 | 0.3 | 3.8 | 1.1 | 1.3 | 0.4 | 3.7 | 0.8 | 1.7 | 0.5 | 1.4 | 2.3 | 1.1 | −35 | −0.3 | 1.5 | 0.5 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | −0.9 | 0 | 0 | 0 | 0 |
| Net profit | 7.1 | 2.9 | 8.3 | 4.5 | 5.1 | 2.1 | 9.4 | 2.9 | 7.6 | 3.4 | 14.2 | 5.8 | 6.7 | 55.3 | 15.4 | 11.1 | 15 | 2.9 | 11.2 | 2.6 | −8.6 | 8.4 | −3.7 | −14.4 | −19.7 | −37.1 | 5.5 | −4.9 | −1.5 | 0 | 0 |
| Net margin | 5.6% | 2.5% | 6.1% | 3.8% | 4.7% | 2.1% | 7.4% | 2.7% | 7.4% | 3.5% | 12.2% | 5.9% | 7.1% | 63.2% | 14.8% | 11.8% | 16.7% | 4.1% | 12.6% | 4.2% | -28.2% | 12.9% | -6.5% | -73.4% | -237.8% | -49.2% | 5.2% | -5.6% | -1.7% | – | – |
| EPS (₹) | 1.45 | 0.69 | 1.76 | 0.96 | 1.06 | 0.50 | 1.92 | 0.56 | 1.55 | 0.64 | 2.88 | 1.21 | 1.41 | 11.78 | 3.28 | 2.36 | 3.20 | 0.62 | 2.38 | 0.55 | -1.83 | 1.80 | -0.79 | -3.07 | 0.00 | -7.90 | 1.18 | -1.05 | -0.31 | 0.00 | 0.00 |
| Net profit YoY | +38.8% | +34.6% | −11.5% | +56.7% | −33.0% | −37.3% | −33.9% | −50.5% | +14.0% | −93.9% | −7.9% | −48.0% | −55.4% | +1794.2% | +37.3% | +325.8% | +275.4% | −65.4% | +403.5% | +118.0% | +56.4% | +122.7% | −166.8% | −191.7% | −1238.1% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 476 | 436 | 405 | 375 | 253 | 150 | 358 | 346 | 297 |
| Other income | 18 | 19.2 | 20.7 | 24.1 | 13.6 | 16.8 | 10.3 | 9.5 | 7.9 |
| Total expenses | 464 | 427 | 391 | 344 | 252 | 200 | 379 | 363 | 326 |
| EBITDA | 83.1 | 72.6 | 70.1 | 76.5 | 42.4 | −1.5 | 57 | 12.5 | 0.8 |
| EBITDA margin | 17.4% | 16.6% | 17.3% | 20.4% | 16.8% | -1.0% | 15.9% | 3.6% | 0.3% |
| Finance costs | 14.6 | 14.2 | 14.6 | 13.9 | 14.6 | 16.5 | 21.2 | 0 | 0 |
| Depreciation | 56 | 49 | 41.9 | 31.7 | 27.4 | 32.2 | 57.5 | 28.7 | 29.7 |
| Profit before tax | 27.2 | 28.6 | 34.3 | 63.4 | 14.1 | −29 | −38.9 | −6.8 | −22.6 |
| Tax | 6.5 | 6.6 | 5.3 | −33.4 | 0 | 0.2 | −0.9 | 1 | 22.3 |
| Net profit | 20.7 | 22 | 30 | 96.8 | 8.2 | −29.3 | −38 | −7.8 | −46.8 |
| Net margin | 4.3% | 5.0% | 7.4% | 25.8% | 3.2% | -19.5% | -10.6% | -2.3% | -15.8% |
| EPS (₹) | 4.52 | 4.51 | 6.15 | 20.61 | 1.74 | -6.25 | -8.09 | -1.66 | -9.96 |
| Net profit YoY | −5.7% | −26.8% | −69.0% | +1087.6% | +127.8% | +22.8% | −386.6% | +83.3% | – |
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 | 85.1 | 74.2 | 62.5 | 80.3 | 54 |
| Investing cash flow | −39.9 | −28.1 | −20.6 | −70.7 | −33.6 |
| Financing cash flow | −49.5 | −49.5 | −37.2 | −5 | −25.8 |
| Capital expenditure | 48.7 | 37.9 | 28.1 | 10 | 0 |
| Free cash flow (CFO − capex) | 36.4 | 36.3 | 34.4 | 70.3 | 54 |
Net profit trend
annual, ₹ croreFY21
₹−29.3
FY22
₹8.2+128%
FY23
₹96.8+1088%
FY24
₹30−69%
FY25
₹22−27%
FY26
₹20.7−6%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 19 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 19 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 10 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 10 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 5 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 5 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 21.8×32.4×
P/B5Y avg 2.93×2.13×
ROEFY26, on average equity6.2%
Net margin4.3%
Debt / equity0.00×
Revenue CAGR (3Y)8.3%
Profit CAGR (3Y)-40.2%
EPS (TTM)₹4.71
Market cap₹737 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.13×
vs 8-point avg 2.93× (−27%)
1.17× low2.93× avg5.99× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹558 Cr+3%
Net worth₹346 Cr+6%
Total borrowings₹0 Cr
Cash & bank balances₹6 Cr−24%
Investments₹163 Cr+1%
Inventories₹10 Cr+24%
Trade receivables₹7 Cr+23%
Trade payables₹32 Cr+12%
Change vs the same date a year earlier.