Quarterly results
consolidated · as filed with NSE · Q4 FY26 back to Q4 FY19
| ₹ crore | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −8 | 8 | 0 | 0 | 2.1 | 14.8 | 37.8 | 195 | 204 | 315 | 157 | 2,261 | 0 |
| Other income | 22.1 | 24.9 | 49.3 | 23.2 | 27.8 | 27.2 | 30.4 | 39.7 | 27.3 | 24.9 | 25.3 | 18.5 | 25.8 | 19.8 | 20.7 | 19 | 28.7 | 22.4 | 20.3 | 14.1 | 14.1 | 14.3 | 14.9 | 14.4 | 15.4 | 20 | 24.5 | 18.4 | 0 |
| Total expenses | 12.3 | 10.7 | 24.2 | 13.4 | 14.3 | 12.9 | 10.6 | 12.2 | 14.3 | 10.7 | 10.9 | 13.1 | 15.6 | 10.8 | 12.2 | 10.8 | 8.6 | 18.1 | 13.1 | 20.2 | 44.3 | 34.6 | 65 | 216 | 233 | 338 | 192 | 2,292 | 0 |
| EBITDA | −11.7 | −10.1 | −23.2 | −12.9 | −13.7 | −12.5 | −10 | −11.8 | −12.4 | −10.7 | −10.9 | −13.1 | −13.7 | −10.8 | −12.2 | −10.8 | −16.1 | −9.6 | −12.1 | −16.2 | −37.2 | −15.6 | −22.9 | −17 | −22.7 | −20.1 | −28.8 | −23.9 | 0 |
| EBITDA margin | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 201.6% | -120.2% | – | – | -1770.0% | -105.7% | -60.7% | -8.7% | -11.1% | -6.4% | -18.3% | -1.1% | – |
| Finance costs | 0.5 | 0.5 | 1 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 1.9 | 0 | 0 | 0 | 1.9 | 0 | 0 | 0 | 0.5 | 0.5 | 1 | 0 | 0.4 | 0.5 | 0.5 | 0.5 | −0.2 | 0.5 | 3.3 | 3.6 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 4.6 | 3.7 | 3.8 | 3.8 | 5.9 | 2.9 | 2.8 | 3.9 | 0 |
| Profit before tax | 13.4 | 14.2 | 631 | 9.8 | 13.6 | 14.3 | −7.5 | 27.4 | 14.5 | 13.9 | 18 | 5 | 11.5 | 8.9 | 7.9 | 7.7 | 26.4 | 12.5 | −77.8 | −6.6 | −28 | −3.2 | −12.2 | −6.9 | −6.7 | −6.3 | −6.3 | −94.8 | 0 |
| Tax | 3.6 | −2.4 | 9.4 | 0 | 10.5 | 12.7 | 0 | −0 | 0.3 | −0.1 | 0 | 0.1 | 4.2 | 0 | 0 | 0 | 45.4 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 9.8 | 16.5 | 622 | 9.8 | 3.2 | 1.6 | −7.5 | 27.5 | 14.2 | 14 | 18 | 4.9 | 7.2 | 8.9 | 7.9 | 7.7 | −19 | 12.5 | −77.8 | −6.6 | −28.2 | −3.2 | −12.2 | −6.9 | −6.7 | −6.3 | −6.3 | −94.8 | 0 |
| Net margin | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 237.9% | 156.8% | – | – | -1342.9% | -21.4% | -32.2% | -3.5% | -3.3% | -2.0% | -4.0% | -4.2% | – |
| EPS (₹) | 2.72 | 2.76 | 103.64 | 1.64 | 1.51 | 0.27 | -1.25 | 4.58 | 5.88 | 2.33 | 3.00 | 0.82 | 4.65 | 1.49 | 132.11 | 1.28 | -2.24 | 2.09 | -12.96 | -1.09 | -4.11 | -0.53 | -2.03 | -1.15 | -0.99 | -1.05 | -1.05 | -15.80 | 0.00 |
| Net profit YoY | +208.7% | +929.9% | +8415.9% | −64.2% | −77.7% | −88.5% | −141.5% | +458.1% | +95.5% | +56.8% | +127.2% | −36.1% | +138.1% | −28.9% | +110.2% | +217.6% | +32.5% | +496.8% | −539.0% | +5.3% | −319.6% | +49.6% | −92.6% | +92.7% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | 0 | 0 | 250 | 2,937 | 8,903 |
| Other income | 96.2 | 125 | 96 | 85.2 | 85.5 | 57.6 | 78.3 | 110 |
| Total expenses | 47.1 | 50 | 49 | 49.5 | 56 | 360 | 3,055 | 9,198 |
| EBITDA | −45.1 | −48 | −47.1 | −47.5 | −54.1 | −92.7 | −95.4 | −123 |
| EBITDA margin | – | – | – | – | – | -37.1% | -3.2% | -1.4% |
| Finance costs | 2 | 2 | 1.9 | 1.9 | 1.9 | 1.9 | 7.3 | 156 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 15.9 | 15.5 | 15.5 |
| Profit before tax | 659 | 47.9 | 51.3 | 36 | −41.4 | −50.3 | −114 | −899 |
| Tax | 17.8 | 23.1 | 0.2 | 4.2 | 45.4 | 0.2 | 0 | −16 |
| Net profit | 641 | 24.7 | 51.1 | 31.8 | −86.8 | −50.5 | −114 | −883 |
| Net margin | – | – | – | – | – | -20.2% | -3.9% | -9.9% |
| EPS (₹) | 109.12 | 5.10 | 12.03 | 8.74 | -13.54 | -7.82 | -18.88 | -147.17 |
| Net profit YoY | +2490.8% | −51.5% | +60.7% | +136.6% | −72.1% | +55.8% | +87.1% | – |
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 | 51.7 | −171 | −23.5 | −63 | 4.7 |
| Investing cash flow | −16.7 | 123 | 94.8 | 81.6 | 7.4 |
| Financing cash flow | −198 | 0 | −5.6 | 0 | 0 |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Free cash flow (CFO − capex) | 51.7 | −171 | −23.5 | −63 | 4.7 |
Net profit trend
annual, ₹ croreFY21
₹−50.5
FY22
₹−86.8−72%
FY23
₹31.8+137%
FY24
₹51.1+61%
FY25
₹24.7−52%
FY26
₹641+2491%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 25 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 25 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 25 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)–
P/B–
ROEFY26, on average equity-15.0%
Net margin–
Debt / equity-0.30×
Revenue CAGR (3Y)–
Profit CAGR (3Y)172.2%
EPS (TTM)–
Market cap–
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹2,213 Cr−6%
Net worth₹-3,948 Cr+14%
Total borrowings₹1,175 Cr−41%
Cash & bank balances₹0 Cr−100%
Investments₹0 Cr+0%
Inventories₹0 Cr−50%
Trade receivables₹1,072 Cr+0%
Trade payables₹1,100 Cr+0%
Change vs the same date a year earlier.