Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY22
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q4 FY22 | Q3 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 110 | 121 | 108 | 102 | 91.4 | 113 | 95.7 | 99.2 | 84.8 | 106 | 61.8 | 84.9 | 70.7 |
| Other income | 6 | 6.6 | 8.4 | 5.8 | 3.3 | 3.8 | 0.8 | 8.4 | 2.9 | 3.4 | 3.2 | 2.6 | 2.5 |
| Total expenses | 118 | 122 | 107 | 103 | 91.7 | 101 | 88.5 | 92.8 | 81.4 | 92.1 | 51.5 | 48.3 | 44.2 |
| EBITDA | 26 | 34.3 | 31.5 | 27.4 | 24.7 | 37 | 29.6 | 25.3 | 18.8 | 30.2 | 22.9 | 44.3 | 33.1 |
| EBITDA margin | 23.6% | 28.3% | 29.2% | 26.8% | 27.0% | 32.9% | 31.0% | 25.5% | 22.1% | 28.6% | 37.0% | 52.2% | 46.9% |
| Finance costs | 6.3 | 6.3 | 6 | 5.2 | 5.1 | 5.2 | 5 | 4.8 | 4.3 | 4.3 | 2.5 | 0.5 | 1.4 |
| Depreciation | 27 | 29.1 | 25 | 22.5 | 19.9 | 20 | 17.4 | 14 | 11 | 12.3 | 10.1 | 7.2 | 5.3 |
| Profit before tax | −1.3 | 5.8 | 7.5 | 5.6 | 3 | 15.6 | 8 | 14.9 | 6.3 | 17 | 13.6 | 39.2 | 28.9 |
| Tax | 0.1 | 1.6 | 2.5 | 2.3 | 1.2 | 5.4 | 2.8 | 4.6 | 2.3 | 6.7 | 3.6 | 9.8 | 7.4 |
| Net profit | −1.4 | 4.2 | 5 | 3.3 | 1.8 | 10.2 | 5.3 | 10.3 | 4 | 10.3 | 9.9 | 29.5 | 21.5 |
| Net margin | -1.3% | 3.5% | 4.7% | 3.2% | 2.0% | 9.1% | 5.5% | 10.4% | 4.7% | 9.8% | 16.1% | 34.7% | 30.4% |
| EPS (₹) | -0.27 | 0.79 | 0.95 | 0.62 | 0.34 | 1.92 | 0.99 | 1.93 | 0.75 | 1.94 | 1.87 | 5.69 | 4.14 |
| Net profit YoY | −181.0% | −59.0% | −4.2% | −67.7% | −55.6% | −1.1% | −47.0% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY22 |
|---|---|---|---|---|
| Revenue from operations | 423 | 392 | 296 | 301 |
| Other income | 24.2 | 16 | 11.5 | 8.5 |
| Total expenses | 424 | 364 | 247 | 174 |
| EBITDA | 118 | 111 | 99.8 | 153 |
| EBITDA margin | 27.9% | 28.2% | 33.7% | 50.8% |
| Finance costs | 22.5 | 19.4 | 10.1 | 4.2 |
| Depreciation | 96.5 | 62.5 | 40.4 | 22 |
| Profit before tax | 21.9 | 44.8 | 60.8 | 135 |
| Tax | 7.6 | 15 | 18.1 | 34.3 |
| Net profit | 14.3 | 29.8 | 42.6 | 101 |
| Net margin | 3.4% | 7.6% | 14.4% | 33.5% |
| EPS (₹) | 2.69 | 5.60 | 8.01 | 19.46 |
| Net profit YoY | −51.9% | −30.2% | – | – |
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 | FY22 |
|---|---|---|---|---|
| Operating cash flow | 118 | 114 | 103 | 83.5 |
| Investing cash flow | −130 | −145 | −285 | −138 |
| Financing cash flow | 8.9 | 38.9 | 136 | 130 |
| Capital expenditure | 126 | 152 | 184 | 132 |
| Free cash flow (CFO − capex) | −7.1 | −37.5 | −81.6 | −48.5 |
Net profit trend
annual, ₹ croreFY22
₹101
FY24
₹42.6−58%
FY25
₹29.8−30%
FY26
₹14.3−52%
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 | – | 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 | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 55.0×159.6×
P/B5Y avg 2.76×2.79×
ROEFY26, on average equity2.3%
Net margin3.4%
Debt / equity0.60×
Revenue CAGR (3Y)12.0%
Profit CAGR (3Y)-47.8%
EPS (TTM)₹2.09
Market cap₹1,770 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.79×
vs 5-point avg 2.76× (+1%)
1.40× low2.76× avg3.84× high
History points are balance-sheet dates (2024 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,186 Cr+10%
Net worth₹635 Cr+1%
Total borrowings₹383 Cr+16%
Cash & bank balances₹23 Cr−8%
Investments₹0 Cr
Inventories₹130 Cr+3%
Trade receivables₹85 Cr+7%
Trade payables₹20 Cr+29%
Change vs the same date a year earlier.
Revenue mix FY26
India78.8%result ₹132 Cr
Germany21.2%result ₹9.8 Cr
Segment revenue as reported, before inter-segment eliminations.