Your investments deserve an analyst, not a dashboard.

Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY19

₹ 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
Revenue from operations	630	1,010	872	843	526	816	636	441	375	440	327	462	274	313	185	228	173	308	303	274	189	215	248	257	170	114	261	264	237	0
Other income	29.1	32	31.7	37.5	48.3	53.1	44.1	39.2	23.6	31.3	44.8	28.8	31.2	22.7	20	19	13	3.1	120	10.3	17.2	8.3	11.1	34	13.4	7.2	13.3	12.4	13.7	0
Total expenses	541	887	760	741	438	695	551	375	327	391	276	391	259	318	165	169	137	280	273	200	146	208	183	194	137	119	230	178	180	0
EBITDA	99.5	132	126	111	92.4	127	90	70.2	52.3	54.4	56.3	77.6	21.1	3.1	23.4	71	47.7	39	42.6	85.4	55.2	19	77.5	75.3	44.3	6.5	42.8	98.1	68.8	0
EBITDA margin	15.8%	13.1%	14.5%	13.2%	17.6%	15.5%	14.1%	15.9%	13.9%	12.4%	17.3%	16.8%	7.7%	1.0%	12.6%	31.2%	27.6%	12.7%	14.0%	31.2%	29.1%	8.8%	31.3%	29.3%	26.1%	5.7%	16.4%	37.2%	29.0%	–
Finance costs	3.8	5.7	4.3	6.8	2.5	3.6	2.7	2	2.2	4.3	4	4	4.2	6.3	1.6	1.3	1.4	1	1.6	1.3	1.8	2.3	2.6	1.7	1.2	1.2	2	1.5	1.4	0
Depreciation	6.3	3.1	9.4	2.4	2.1	1.8	2.3	2	1.9	2	2	1.9	2	2	1.9	10.3	10.3	10.4	10.3	10.2	10.4	10.3	10.3	10.3	10.3	10.4	10.4	10.4	10.4	0
Profit before tax	118	155	144	140	136	174	129	105	71.9	79.4	95.2	101	46.1	17.5	39.7	78.4	49	30.7	151	84.3	60.2	14.7	75.7	97.4	46.2	2	43.7	98.5	70.7	0
Tax	25.1	40.8	24.8	35.6	25.2	39.7	33	11.1	18.6	1.9	3.3	26.7	18.3	16.4	9.2	19.6	13.4	−6.4	36.7	20.9	14.7	1.9	19.1	17.6	11.7	0.2	10.9	7.5	18.8	0
Net profit	93.3	115	119	104	136	135	96	94.2	98.1	77.5	91.9	73.8	25.3	56.8	31.4	58.8	35.6	37.1	115	64.8	47.1	9.4	56	80.3	36	3.4	30.2	92.2	53.3	0
Net margin	14.8%	11.3%	13.7%	12.3%	25.9%	16.5%	15.1%	21.3%	26.1%	17.6%	28.1%	16.0%	9.2%	18.1%	17.0%	25.8%	20.6%	12.1%	37.9%	23.7%	24.9%	4.4%	22.6%	31.2%	21.2%	2.9%	11.6%	35.0%	22.4%	–
EPS (₹)	8.02	9.85	10.25	8.94	9.54	11.58	8.25	8.22	4.95	7.20	8.53	6.85	2.59	0.10	2.79	5.35	3.23	3.37	10.44	5.90	4.28	0.85	5.09	7.30	3.28	0.33	2.74	8.37	4.82	0.00
Net profit YoY	−31.4%	−15.0%	+24.2%	+10.4%	+38.8%	+73.7%	+4.5%	+27.7%	+288.3%	+36.6%	+192.5%	+25.5%	−28.9%	+53.1%	−72.7%	−9.3%	−24.5%	+295.4%	+105.1%	−19.3%	+30.7%	+178.9%	+85.2%	−12.9%	−32.4%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from operations	3,252	2,269	1,502	829	1,074	889	876	989
Other income	150	160	136	74.6	151	66.9	46.5	70.4
Total expenses	2,826	1,948	1,317	765	899	722	708	794
EBITDA	462	339	209	82.7	222	216	216	249
EBITDA margin	14.2%	15.0%	13.9%	10.0%	20.7%	24.3%	24.7%	25.2%
Finance costs	19.3	10.5	16.4	10.7	5.6	7.8	6.1	12.3
Depreciation	17	8.1	7.8	7.6	41.3	41.1	41.6	41.8
Profit before tax	575	481	321	139	326	234	215	265
Tax	126	103	50.2	46.4	65.8	50.3	37.3	74.3
Net profit	474	423	268	183	264	182	179	193
Net margin	14.6%	18.6%	17.9%	22.0%	24.6%	20.4%	20.4%	19.6%
EPS (₹)	38.58	33.25	25.18	8.49	23.99	16.53	16.26	17.16
Net profit YoY	+12.0%	+57.5%	+46.8%	−30.7%	+45.2%	+1.5%	−7.4%	–

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	−590	453	−198	37.6	258
Investing cash flow	703	−1,630	269	71.4	−241
Financing cash flow	−91.7	1,175	−84.5	−103	−47.4
Capital expenditure	67.1	168	180	3.3	33.7
Free cash flow (CFO − capex)	−657	285	−379	34.3	225

Net profit trend

annual, ₹ crore

FY21

₹182

FY22

₹264+45%

FY23

₹183−31%

FY24

₹268+47%

FY25

₹423+58%

FY26

₹474+12%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	11 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	11 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	25 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	25 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	13 Nov 2025	PDF XBRL
Q2 FY26	Standalone	13 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	12 Aug 2025	PDF XBRL
Q1 FY26	Standalone	12 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY266.32 MB FY255.51 MB FY24 FY23 FY22 FY21 FY20 FY19

Key ratios

P/E (TTM)5Y avg 26.7×27.1×

P/B5Y avg 3.24×2.82×

ROEFY26, on average equity12.0%

Net margin14.6%

Debt / equity0.02×

Revenue CAGR (3Y)57.7%

Profit CAGR (3Y)37.4%

EPS (TTM)₹37.07

Market cap₹11,702 Cr

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

P/B vs history

2.82×

vs 8-point avg 3.24× (−13%)

1.60× low3.24× avg5.31× high

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

Balance sheet 31 Mar 2026

Total assets₹5,938 Cr+17%

Net worth₹4,157 Cr+11%

Total borrowings₹72 Cr+85%

Cash & bank balances₹53 Cr+65%

Investments₹2,258 Cr−20%

Inventories₹0 Cr

Trade receivables₹1,217 Cr+81%

Trade payables₹1,189 Cr+38%

Change vs the same date a year earlier.

Revenue mix FY25

a) EPC / Engineering Services99.5%result ₹330 Cr

b) Others0.5%result ₹1 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jul 24	Jun 24	Mar 24	Dec 23
Promoter	56.92	56.92	56.92	56.92	56.92	56.92	56.92	56.92	56.92	61.51	61.51	61.51
FII	8.08	8.65	8.53	9.22	8.97	9.33	9.92	9.81	7.93	4.39	3.85	3.21
DII	21.60	22.72	23.06	22.62	24.04	24.50	24.04	24.13	24.91	22.78	23.77	23.99
of which MF	19.98	21.28	21.64	21.34	22.66	–	–	–	–	–	–	–
Retail	11.23	9.63	9.04	9.03	8.23	7.46	7.35	7.34	8.28	9.11	8.13	7.12
Other public	2.17	2.08	2.45	2.21	1.84	1.79	1.77	1.80	1.96	2.21	2.74	4.17

1,17,238 shareholders · NSE shareholding pattern filings.