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Quarterly results

standalone · 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 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18
Revenue from operations	81	73.9	69.6	66.5	63.7	68	57.2	64.6	61.8	57.6	67.3	57.8	59.2	60	51	57.6	62.8	60.8	71.1	64.8	63.1	54.4	65.4	62.6	63.1	57.9	51.3	57.7	55.8
Other income	34.1	0	1	0	2.1	1.4	6.9	0.1	0	0	0.1	0	0	0.2	0	0	0	0	0	0	0	0	2.8	0	5.8	0.2	0.2	0.1	0.2
Total expenses	36.8	33.2	30.3	29.9	27.7	33.1	36.6	32.3	29.9	33	31.3	34.1	29.8	28.4	26.6	36	31.3	32.2	41.9	37.7	41.6	43.9	35.9	33.1	33.4	29.7	29.8	29.8	34.3
EBITDA	70.5	65.2	63.2	60.1	57.7	59.5	46.9	58.1	56.1	50.4	61.9	50.2	52.6	53.1	46	44.6	57.8	56	61.1	59.8	55.7	43.3	60.9	58.4	56.6	53.8	47.4	54.2	46.6
EBITDA margin	87.0%	88.3%	90.8%	90.4%	90.6%	87.5%	82.0%	90.0%	90.7%	87.5%	92.0%	86.8%	88.9%	88.5%	90.1%	77.3%	92.1%	92.1%	86.0%	92.3%	88.3%	79.6%	93.1%	93.2%	89.6%	93.0%	92.4%	94.0%	83.5%
Finance costs	26.2	24.4	23.7	23.4	21.6	24.5	26.1	25.7	23.9	25.5	25.6	26.2	23	21.1	21.2	22.4	25.9	27	31.7	32.4	33.9	32.6	31.1	28.8	26.8	25.5	25.8	26.3	25
Depreciation	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.3	0.3	0.3	0.3	0.3	0.4	0.4	0.5	0.4	0.4	0.3	0.3	0.3	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.1
Profit before tax	78.3	40.7	40.3	36.6	38.2	36.3	27.5	32.3	31.9	24.7	36.1	23.8	29.4	31.8	24.4	21.7	31.5	28.6	29.2	27.1	21.5	10.5	32.3	29.6	35.5	28.4	21.7	28	21.7
Tax	17.1	8.7	8.5	7.5	7.6	6.1	4.9	6.7	6.5	4.3	8.5	5	5	6.9	6	2	6.5	6.1	5.1	5.2	4.9	−1.7	5	6.7	10	3.9	5.9	7.6	11
Net profit	61.2	32	31.8	29.1	30.6	30.2	22.6	25.6	25.4	20.4	27.6	18.8	24.4	24.9	18.4	19.7	25	22.4	24.1	21.9	16.6	12.2	27.3	22.9	25.5	24.5	15.8	20.4	10.7
Net margin	75.5%	43.3%	45.7%	43.7%	48.0%	44.4%	39.6%	39.6%	41.1%	35.4%	41.0%	32.4%	41.2%	41.5%	36.0%	34.2%	39.8%	36.9%	33.8%	33.9%	26.3%	22.4%	41.8%	36.6%	40.4%	42.4%	30.8%	35.4%	19.2%
EPS (₹)	1.32	0.69	0.69	0.63	3.30	3.26	2.44	2.76	2.74	2.26	3.05	2.07	2.70	2.75	2.03	2.18	2.76	2.48	2.98	2.72	2.05	1.51	3.39	2.84	3.16	3.04	1.95	2.53	1.33
Net profit YoY	+100.3%	+6.0%	+40.6%	+13.6%	+20.3%	+48.1%	−18.0%	+36.4%	+4.2%	−18.0%	+50.1%	−4.8%	−2.5%	+10.9%	–	–	–	–	−12.0%	–	−27.8%	−52.3%	+11.4%	+12.4%	+138.5%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY20	FY19	FY18
Revenue from operations	274	252	242	231	254	263	230	227
Other income	3.1	8.4	0.2	0.3	0.1	2.9	6.3	0.4
Total expenses	121	132	128	122	146	168	123	118
EBITDA	246	221	215	201	229	216	212	206
EBITDA margin	90.0%	87.7%	88.9%	87.0%	90.2%	82.2%	92.2%	90.7%
Finance costs	93.1	100	100	90.6	120	121	104	96.4
Depreciation	0.6	0.8	1.1	1.7	1.5	0.6	0.4	0.7
Profit before tax	156	128	114	109	108	97.5	114	109
Tax	32.3	24.2	22.8	21.4	22.6	16.4	27.4	33.5
Net profit	123	104	91.1	87.9	85.3	81	86.3	75.3
Net margin	45.1%	41.3%	37.7%	38.0%	33.6%	30.8%	37.5%	33.2%
EPS (₹)	2.67	11.21	10.08	9.73	10.01	10.04	10.69	9.33
Net profit YoY	+18.9%	+13.9%	+3.6%	+3.1%	–	−6.1%	+14.5%	–

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	−46.3	70.3	−6.6	−137	139
Investing cash flow	−0	12.2	−0.2	−0	−2.1
Financing cash flow	−28.1	26	−22	−11.7	56.6
Capital expenditure	0	0.6	0.4	0	1.9
Free cash flow (CFO − capex)	−46.3	69.7	−7.1	−137	137

Net profit trend

annual, ₹ crore

FY20

₹81

FY22

₹85.3+5%

FY23

₹87.9+3%

FY24

₹91.1+4%

FY25

₹104+14%

FY26

₹123+19%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Standalone	20 Jul 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	13 May 2026	PDF on NSE XBRL
Q3 FY26	Standalone	30 Jan 2026	PDF on NSE XBRL
Q2 FY26	Standalone	10 Nov 2025	PDF on NSE XBRL
Q1 FY26	Standalone	4 Aug 2025	PDF on NSE XBRL
Q4 FY25	Standalone · audited	9 May 2025	PDF XBRL
Q3 FY25	Standalone	28 Jan 2025	PDF on NSE XBRL
Q2 FY25	Standalone	24 Oct 2024	PDF on NSE XBRL
Q1 FY25	Standalone	13 Aug 2024	PDF on NSE XBRL
Q4 FY24	Standalone · audited	17 May 2024	PDF on NSE XBRL

Annual reports

NSE archive

FY263.47 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 14.1×41.6×

P/B5Y avg 1.41×4.87×

ROEFY26, on average equity9.8%

Net margin45.1%

Debt / equity0.69×

Revenue CAGR (3Y)5.7%

Profit CAGR (3Y)12.0%

EPS (TTM)₹3.33

Market cap₹6,403 Cr

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

P/B vs history

4.87×

vs 9-point avg 1.41× (+246%)

0.64× low1.41× avg4.87× high

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

Balance sheet 31 Mar 2026

Total assets₹2,412 Cr+15%

Net worth₹1,315 Cr+8%

Total borrowings₹903 Cr+71%

Cash & bank balances₹51 Cr−64%

Investments₹249 Cr−4%

Inventories₹0 Cr

Trade receivables₹0 Cr

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Apr 24	Mar 24	Dec 23
Promoter	3.85	3.85	3.85	3.85	3.85	3.85	3.85	7.85	7.85	7.85	8.04	17.67
FII	5.46	2.76	4.34	4.61	5.17	3.44	2.85	2.79	2.98	2.94	3.40	13.88
DII	0.00	0.06	0.01	0.08	0.08	0.00	0.00	0.00	0.05	0.04	0.03	0.00
Retail	38.65	40.75	47.22	38.16	33.59	45.52	50.05	52.21	67.57	66.57	63.86	34.61
Other public	52.04	52.58	44.58	53.30	57.31	47.19	43.25	37.15	21.55	22.60	24.67	33.84

74,382 shareholders · NSE shareholding pattern filings.