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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	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	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18
Revenue from operations	107	104	94.3	89.2	88.1	78.5	77.7	80.6	73.9	63.3	64.8	60.9	52.6	52	51	49.6	34.1	44.2	95.9	28.1	27.6	31.4	16.5	15	18.5	24.1	11.7	36.6	25.2	13.2	15.5	149	14.6
Other income	5.8	3.8	4.8	4.5	5.7	4.7	4.2	5.6	4.6	5.3	3.4	3.6	2	1.9	1.3	1.1	1.4	1.2	1	1	2.9	1	0.4	0.7	0.7	0.9	15.7	0.5	0.8	0.4	0.3	3	1.1
Total expenses	54	27.7	20.5	22.1	32.2	41.8	22.7	21.8	20.2	33.7	21.9	11.6	18.3	26.1	25.3	22.9	14.1	18.7	68.8	9.7	8.8	13	7.4	7.1	18.4	18.5	24.6	32.9	21.3	12.4	15.1	152	15.1
EBITDA	53.5	76.9	74.5	67.8	56.5	37.3	55.6	59.5	54.4	30.2	43.4	49.8	35	26.4	25.9	27.2	20.3	25.7	27.4	18.7	19.1	18.6	9.3	8.1	−0.5	6.2	−12.1	4.4	4.5	1.7	1.1	141	9
EBITDA margin	50.3%	74.0%	79.0%	76.0%	64.2%	47.5%	71.6%	73.8%	73.6%	47.7%	67.0%	81.9%	66.5%	50.7%	50.9%	54.8%	59.6%	58.1%	28.5%	66.4%	69.0%	59.1%	56.7%	54.4%	-2.5%	25.9%	-103.4%	12.1%	17.8%	12.6%	6.8%	94.7%	62.1%
Finance costs	0.1	0	0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0	0	0	0	0	0	0	−0.1	0.2	0.1	0.2	0.2	0.5	0.4	1.1	1.1
Depreciation	1	0.6	0.6	0.6	0.6	0.6	0.5	0.5	0.5	0.5	0.4	0.5	0.6	0.4	0.2	0.4	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	−0.4	0.5	0.5	0.5	0.3	0.3	0.3	143	8.5
Profit before tax	58.3	80	78.6	71.7	61.5	41.3	59.1	64.4	58.3	34.9	46.4	52.9	36.4	27.9	26.9	27.8	21.4	26.6	28.1	19.4	21.7	19.4	9.5	8.6	0.8	6.4	2.9	4.2	4.7	1.3	0.6	0.6	0.5
Tax	14.6	21	20	18.5	15.7	10.7	14.9	16.3	14.8	9.2	11.7	13.3	9.3	9.5	6.8	7	5.4	6.7	7.1	4.8	3.5	7	2.8	2.5	0.4	1.4	0.3	0.9	3.9	0.2	0.2	0.2	0.1
Net profit	43.7	59.1	58.7	53.2	45.8	30.6	44.2	48.2	43.6	25.8	34.7	39.6	27.1	18.3	20.2	20.8	15.9	19.9	21	14.6	18.3	12.4	6.7	6.1	0.4	5	2.6	3.3	0.8	1	0.5	0.5	0.4
Net margin	41.0%	56.8%	62.2%	59.6%	52.0%	39.0%	56.9%	59.7%	58.9%	40.7%	53.5%	65.1%	51.5%	35.2%	39.6%	42.0%	46.7%	45.1%	21.9%	51.8%	66.1%	39.4%	40.9%	40.6%	2.0%	20.8%	22.2%	9.1%	3.3%	7.9%	3.0%	0.3%	2.5%
EPS (₹)	3.42	4.62	4.59	4.16	3.59	0.00	3.46	3.77	3.40	2.01	2.70	3.09	2.11	1.42	15.57	16.06	12.28	15.37	16.20	11.24	14.40	9.55	5.19	4.27	0.25	3.51	1.82	2.34	0.58	0.73	0.33	0.32	0.25
Net profit YoY	−4.7%	+92.9%	+32.6%	+10.4%	+5.2%	+18.8%	+27.6%	+21.5%	+60.7%	+40.6%	+71.6%	+90.4%	–	+15.1%	+1.3%	−0.9%	−12.8%	+60.9%	+212.3%	+139.7%	+4953.9%	+146.6%	+158.2%	+81.7%	−56.5%	+382.0%	+457.0%	+641.5%	+132.6%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	376	311	242	187	136	90.5	91	203	12.4
Other income	18.8	19	14.4	5.4	3.2	4.9	17.8	4.5	12.4
Total expenses	102	106	85.4	86.5	50.2	36.2	94.5	200	24.1
EBITDA	276	207	158	102	86.2	55.2	−2	6.3	7.8
EBITDA margin	73.4%	66.5%	65.6%	54.6%	63.6%	60.9%	-2.2%	3.1%	62.9%
Finance costs	0.2	0.3	0.3	0.3	0.1	0	0.3	2.2	2.1
Depreciation	2.5	2.2	2	1.3	0.7	0.8	1.2	1.3	17.4
Profit before tax	292	223	171	106	88.6	59.2	14.4	7.3	0.7
Tax	75.1	56.6	43.4	29.1	24.1	15.8	3	4.4	0.2
Net profit	217	167	127	76.5	64.6	43.5	11.3	2.8	0.5
Net margin	57.7%	53.6%	52.6%	41.0%	47.6%	48.0%	12.5%	1.4%	4.3%
EPS (₹)	16.96	0.00	9.90	5.91	49.78	32.72	7.92	1.99	0.37
Net profit YoY	+30.1%	+31.0%	+66.2%	+18.5%	+48.5%	+283.3%	+298.2%	+439.4%	–

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	197	120	233	82.3	29.3
Investing cash flow	−62.8	10.6	−111	−49.5	−27.1
Financing cash flow	−168	−139	−84.8	−43.5	−2.8
Capital expenditure	6.4	1.5	2.8	0.7	0.5
Free cash flow (CFO − capex)	191	119	230	81.6	28.9

Net profit trend

annual, ₹ crore

FY21

₹43.5

FY22

₹64.6+49%

FY23

₹76.5+19%

FY24

₹127+66%

FY25

₹167+31%

FY26

₹217+30%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Standalone	22 Jul 2026	PDF XBRL
Q4 FY26	Standalone · audited	23 Apr 2026	PDF XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q3 FY26	Standalone	19 Jan 2026	PDF XBRL
Q2 FY26	Standalone	15 Oct 2025	PDF XBRL
Q1 FY26	Standalone	30 Jul 2025	PDF XBRL
Q4 FY25	Standalone · audited	–	PDF XBRL
Q4 FY25	Standalone · audited	23 Apr 2025	PDF XBRL
Q3 FY25	Standalone	22 Jan 2025	PDF on NSE XBRL
Q2 FY25	Standalone	17 Oct 2024	PDF on NSE XBRL

Annual reports

NSE archive

FY268.26 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 37.1×39.8×

P/B5Y avg 27.40×32.90×

ROEFY26, on average equity92.3%

Net margin57.7%

Debt / equity0.00×

Revenue CAGR (3Y)26.2%

Profit CAGR (3Y)41.5%

EPS (TTM)₹16.79

Market cap₹8,551 Cr

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

P/B vs history

32.90×

vs 8-point avg 27.40× (+20%)

13.71× low27.40× avg44.58× high

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

Balance sheet 31 Mar 2026

Total assets₹362 Cr+7%

Net worth₹260 Cr+24%

Total borrowings₹0 Cr

Cash & bank balances₹7 Cr−82%

Investments₹150 Cr+57%

Inventories₹0 Cr

Trade receivables₹34 Cr+194%

Trade payables₹13 Cr−32%

Change vs the same date a year earlier.

Revenue mix FY21

Audio Product Sale/ Income100.0%result ₹72.9 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	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	64.15	64.15	64.15	64.15	64.15	64.15	64.15	64.15	64.16	63.86	68.92	75.00
FII	7.99	7.48	7.35	8.16	8.11	8.22	7.43	4.84	2.39	2.09	0.85	0.42
DII	5.36	4.94	4.98	5.02	4.07	3.52	4.27	5.03	6.71	8.17	0.92	0.57
of which MF	4.25	3.98	4.03	4.21	3.57	–	–	–	–	–	–	–
Retail	16.47	16.71	16.90	17.15	18.13	18.39	18.35	19.04	18.36	17.31	18.95	16.65
Other public	6.03	6.72	6.62	5.52	5.54	5.72	5.80	6.94	8.38	8.57	10.36	7.36

62,003 shareholders · NSE shareholding pattern filings.