Quarterly results
consolidated · 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 | 253 | 252 | 258 | 242 | 224 | 241 | 207 | 208 | 243 | 334 | 307 | 316 | 323 | 324 | 340 | 324 | 273 | 262 | 255 | 250 | 258 | 237 | 241 | 249 | 236 | 232 | 225 | 218 | 272 | 222 | 215 | 186 | 179 |
| Other income | 4.3 | 4.4 | 4.4 | 4.1 | 4.4 | 4.2 | 4.4 | 4.8 | 4.3 | 3.3 | 2.4 | 3.1 | 3.2 | 2.2 | 2.5 | 1.3 | 1.6 | 0.5 | 0.2 | 0.6 | 0.9 | 0.3 | 1 | 0.8 | 1.4 | 0.5 | 2.3 | 0.5 | 0.2 | −0.7 | 0.9 | 0.3 | 0.6 |
| Total expenses | 251 | 250 | 259 | 241 | 228 | 238 | 209 | 206 | 235 | 319 | 325 | 302 | 307 | 318 | 319 | 309 | 268 | 248 | 237 | 231 | 240 | 218 | 217 | 225 | 225 | 209 | 205 | 198 | 247 | 201 | 194 | 170 | 164 |
| EBITDA | 3.5 | 3.6 | 0.2 | 2.2 | −2.4 | 5.2 | −0.6 | 3.9 | 9.2 | 17.4 | −16.5 | 16.2 | 17.7 | 8 | 22.6 | 17.1 | 8.1 | 16 | 20.3 | 21 | 20.3 | 20.6 | 25.6 | 25.3 | 11.4 | 23.6 | 21.7 | 20.6 | 24.9 | 21.1 | 21.4 | 17.1 | 14.8 |
| EBITDA margin | 1.4% | 1.4% | 0.1% | 0.9% | -1.1% | 2.2% | -0.3% | 1.9% | 3.8% | 5.2% | -5.4% | 5.1% | 5.5% | 2.5% | 6.7% | 5.3% | 3.0% | 6.1% | 8.0% | 8.4% | 7.9% | 8.7% | 10.6% | 10.2% | 4.8% | 10.2% | 9.6% | 9.5% | 9.2% | 9.5% | 10.0% | 9.2% | 8.3% |
| Finance costs | 0.9 | 0.9 | 0.5 | 0.6 | 0.5 | 1.9 | 0.3 | 0.3 | 0.3 | 0.5 | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.8 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.7 | 0.6 | 0.6 | 0.3 | 0.4 | 0.2 | 0.2 | 0.3 | 0.2 |
| Depreciation | 0.8 | 0.7 | 0.7 | 0.9 | 0.8 | 1.2 | 1 | 1.5 | 1.3 | 2.1 | 1.6 | 1.6 | 1.7 | 1.8 | 1.7 | 1.7 | 2 | 1.8 | 1.6 | 1.3 | 0.8 | 0.7 | 1.1 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Profit before tax | 6.1 | 6.3 | 1.6 | 4.8 | 0.7 | 6.4 | 2.5 | 5.8 | 11.9 | 18 | −16 | 17.3 | 18.8 | 7.9 | 22.8 | 16.2 | 6.8 | 14.1 | 18.2 | 19.7 | 19.7 | 19.5 | 24.7 | 25 | 11.5 | 23 | 22.8 | 20.3 | 22.2 | 17.5 | 21.8 | 16.8 | 14.9 |
| Tax | 2.7 | 5.5 | 0.9 | −0.5 | 5.2 | 3.8 | 1.2 | 5.4 | 4.2 | −1 | 6 | 6.4 | 6.7 | 5.4 | 7.5 | 5.4 | 3.1 | 4.8 | 6.4 | 5.4 | 7.3 | 5.4 | 6.9 | 7.2 | 8.2 | 5.8 | 8.2 | 5.3 | 7.8 | 9.4 | 8.1 | 4.7 | 5.1 |
| Net profit | 3.5 | 0.6 | 0.7 | 5.3 | −4.6 | 2.6 | 1.2 | 0.4 | 7.6 | 19 | −22 | 10.9 | 12.1 | 2.6 | 15.3 | 10.8 | 3.7 | 9.3 | 11.9 | 14.2 | 12.4 | 14.1 | 17.8 | 17.9 | 3.2 | 17.2 | 14.6 | 15 | 14.5 | 8.2 | 13.7 | 12.1 | 9.8 |
| Net margin | 1.4% | 0.3% | 0.3% | 2.2% | -2.1% | 1.1% | 0.6% | 0.2% | 3.1% | 5.7% | -7.2% | 3.4% | 3.7% | 0.8% | 4.5% | 3.3% | 1.4% | 3.5% | 4.6% | 5.7% | 4.8% | 5.9% | 7.4% | 7.2% | 1.4% | 7.4% | 6.5% | 6.9% | 5.3% | 3.7% | 6.4% | 6.5% | 5.5% |
| EPS (₹) | 1.10 | 0.23 | 0.22 | 1.72 | -1.45 | 0.83 | 0.40 | 0.12 | 2.47 | 6.17 | -7.15 | 3.53 | 3.93 | 0.84 | 4.98 | 3.51 | 1.21 | 3.01 | 3.85 | 4.62 | 4.03 | 4.58 | 5.79 | 5.80 | 1.06 | 5.60 | 4.75 | 4.87 | 4.77 | 2.71 | 4.57 | 4.02 | 3.29 |
| Net profit YoY | +175.7% | −75.3% | −44.0% | +1352.4% | −160.5% | −86.5% | +105.6% | −96.7% | −37.0% | +631.9% | −243.5% | +0.5% | – | −30.1% | +65.3% | −8.9% | −70.1% | −34.1% | −33.4% | −20.4% | +282.2% | −18.2% | +21.7% | +19.1% | −77.6% | +110.7% | +6.7% | +24.1% | +47.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 976 | 898 | 1,280 | 1,273 | 1,041 | 985 | 911 | 895 | 685 |
| Other income | 17.4 | 17.7 | 12 | 6.5 | 3 | 2.7 | 4.8 | 0.7 | 0.5 |
| Total expenses | 978 | 888 | 1,253 | 1,221 | 985 | 899 | 838 | 812 | 625 |
| EBITDA | 3.6 | 17.7 | 34.8 | 60.8 | 65.3 | 92.2 | 77.2 | 84.6 | 61.2 |
| EBITDA margin | 0.4% | 2.0% | 2.7% | 4.8% | 6.3% | 9.4% | 8.5% | 9.5% | 8.9% |
| Finance costs | 2.5 | 2.8 | 1.7 | 2.2 | 2.8 | 2.7 | 2.2 | 1.1 | 0.8 |
| Depreciation | 3.1 | 5 | 6.9 | 6.8 | 6.7 | 3.1 | 2.1 | 1.2 | 1.1 |
| Profit before tax | 13.4 | 26.5 | 38.2 | 58.2 | 58.8 | 89 | 77.7 | 78.4 | 59.9 |
| Tax | 11.1 | 14.7 | 18.2 | 23.6 | 19.8 | 26.8 | 27.6 | 30 | 20.4 |
| Net profit | 2 | 11.8 | 20 | 34.7 | 39.1 | 62.2 | 50.1 | 48.5 | 39.5 |
| Net margin | 0.2% | 1.3% | 1.6% | 2.7% | 3.8% | 6.3% | 5.5% | 5.4% | 5.8% |
| EPS (₹) | 0.76 | 3.82 | 6.48 | 11.26 | 12.69 | 20.20 | 16.28 | 15.98 | 13.22 |
| Net profit YoY | −83.1% | −41.0% | −42.4% | −11.2% | −37.2% | +24.1% | +3.4% | +22.8% | – |
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 | −9.2 | 51.5 | 126 | −52.1 | 45 |
| Investing cash flow | 19.8 | 15.7 | 68.3 | −62.9 | −31.5 |
| Financing cash flow | −2.5 | −3.5 | −3.7 | −2.8 | −5.6 |
| Capital expenditure | 0 | 0.1 | 0.8 | 5.6 | 15.8 |
| Free cash flow (CFO − capex) | −9.2 | 51.4 | 125 | −57.7 | 29.2 |
Net profit trend
annual, ₹ croreFY21
₹62.2
FY22
₹39.1−37%
FY23
₹34.7−11%
FY24
₹20−42%
FY25
₹11.8−41%
FY26
₹2−83%
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 | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 22 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 22 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 10 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 10 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 2.5×1.7×
P/B5Y avg 0.04×0.02×
ROEFY26, on average equity0.3%
Net margin0.2%
Debt / equity0.01×
Revenue CAGR (3Y)-8.5%
Profit CAGR (3Y)-61.4%
EPS (TTM)₹32.75
Market cap₹17 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.02×
vs 8-point avg 0.04× (−45%)
0.01× low0.04× avg0.06× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹982 Cr+9%
Net worth₹797 Cr+8%
Total borrowings₹6 Cr−27%
Cash & bank balances₹474 Cr+15%
Investments₹33 Cr−13%
Inventories₹9 Cr−0%
Trade receivables₹250 Cr+3%
Trade payables₹91 Cr+29%
Change vs the same date a year earlier.