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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 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	302	296	294	286	284	308	333	344	324	323	296	287	286	280	282	278	266	273	284	269	268	265	278	257	243	259	255	27,035	293	315	305	322	334	382
Other income	2.3	1.7	1.8	1.9	2.1	1.9	1	1.5	3.7	1.6	2.7	1.8	2.4	1.1	2.1	1.4	2.6	5	1.8	2.6	2.2	1.9	1.5	3.4	4.5	2.5	3.7	264	1.8	4.2	18.9	14.5	0.9	37.6
Total expenses	376	379	443	609	608	617	649	675	651	634	606	599	589	558	564	567	564	558	588	585	589	555	578	588	550	553	530	58,322	706	250	668	696	699	963
EBITDA	165	163	175	140	147	153	150	138	137	143	139	128	126	133	129	122	118	121	120	115	117	129	130	124	119	119	136	12,419	66.4	528	76	53.7	42.3	−135
EBITDA margin	54.7%	55.3%	59.6%	48.9%	51.6%	49.6%	45.2%	40.3%	42.3%	44.1%	46.8%	44.5%	44.3%	47.3%	45.9%	44.0%	44.3%	44.4%	42.2%	42.6%	43.8%	48.5%	46.8%	48.2%	49.0%	45.8%	53.5%	45.9%	22.6%	167.2%	24.9%	16.7%	12.6%	-35.4%
Finance costs	206	215	288	425	433	419	423	429	423	414	411	403	394	379	374	373	376	368	385	389	398	378	387	412	384	372	359	38,246	432	407	398	385	369	405
Depreciation	33.3	31.7	35.7	37.5	37	42.1	43.2	41.8	40.9	39.4	38.3	36.3	36.5	31.9	37.7	37.7	39.9	39.1	39.4	42	39.7	40.8	42.2	43.3	42.5	40.5	52.3	5,460	47.7	55.3	40.7	42.9	38.7	41.7
Profit before tax	−72.2	581	−150	−321	−325	−306	−315	−330	−323	−309	−308	−310	−301	−277	−280	−293	−295	−281	−302	−314	−318	−288	−298	−341	−1,069	−874	−277	−2,33,445	−229	580	−409	−382	−455	−682
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net profit	−72.2	581	−150	−321	−325	−306	−315	−330	−323	−309	−308	−310	−301	−277	−280	−293	−295	−281	−302	−314	−318	−288	−298	−341	−1,069	−874	−277	−2,33,445	−229	580	−409	−382	−455	−682
Net margin	-23.9%	196.6%	-51.1%	-112.1%	-114.3%	-99.4%	-94.7%	-96.2%	-100.0%	-95.7%	-103.9%	-108.2%	-105.5%	-98.9%	-99.3%	-105.4%	-110.7%	-102.9%	-106.4%	-116.7%	-118.8%	-108.7%	-107.0%	-132.9%	-439.5%	-337.6%	-108.5%	-863.5%	-78.0%	183.7%	-134.0%	-118.8%	-136.2%	-178.5%
EPS (₹)	-0.37	2.97	-0.77	-1.64	-1.66	-1.57	-1.61	-1.69	-1.65	-1.58	-1.57	-1.59	-1.54	-1.42	-1.43	-1.50	-1.51	-1.44	-1.55	-1.60	-1.63	-1.47	-1.52	-1.75	-5.47	-4.47	-1.42	-11.94	-1.17	2.96	-2.09	-1.96	-2.33	-3.48
Net profit YoY	+77.8%	+289.6%	+52.3%	+2.9%	−0.5%	+0.9%	−2.4%	−6.5%	−7.4%	−11.6%	−10.0%	−6.0%	−2.1%	+1.3%	+7.4%	+6.7%	+7.3%	+2.7%	−1.5%	+8.1%	+70.2%	+67.0%	−7.6%	+99.9%	−367.2%	−250.8%	+32.4%	−60963.3%	+49.8%	+185.0%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	1,160	1,308	1,192	1,106	1,094	1,044	1,078	1,277	1,869
Other income	7.5	8.1	8.6	7.2	11.5	11.3	10.6	38.4	35.5
Total expenses	2,038	2,591	2,429	2,253	2,320	2,272	2,372	2,314	3,804
EBITDA	625	579	535	502	473	502	446	700	166
EBITDA margin	53.9%	44.2%	44.9%	45.4%	43.3%	48.1%	41.3%	54.8%	8.9%
Finance costs	1,361	1,694	1,622	1,502	1,539	1,561	1,545	1,559	1,569
Depreciation	142	168	150	147	160	169	195	178	533
Profit before tax	−215	−1,275	−1,228	−1,145	−1,215	−1,997	−3,714	−668	−9,842
Tax	0	0	0	0	0	0	0	0	0
Net profit	−215	−1,275	−1,228	−1,145	−1,215	−1,997	−3,714	−668	−9,842
Net margin	-18.6%	-97.5%	-103.1%	-103.5%	-111.1%	-191.3%	-344.6%	-52.3%	-526.7%
EPS (₹)	-1.10	-6.52	-6.28	-5.86	-6.22	-10.21	-19.00	-3.41	-50.34
Net profit YoY	+83.1%	−3.8%	−7.3%	+5.8%	+39.1%	+46.2%	−456.3%	+93.2%	–

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	FY23	FY22
Operating cash flow	668	505	586	558	532
Investing cash flow	−90.6	−109	−64.5	−66.2	−132
Financing cash flow	−604	−386	−503	−494	−427
Capital expenditure	135	99.1	109	111	108
Free cash flow (CFO − capex)	532	406	477	447	425

Net profit trend

annual, ₹ crore

FY21

₹−1,997

FY22

₹−1,215+39%

FY23

₹−1,145+6%

FY24

₹−1,228−7%

FY25

₹−1,275−4%

FY26

₹−215+83%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Standalone	22 Jul 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	23 Apr 2026	PDF XBRL
Q3 FY26	Standalone	20 Jan 2026	PDF XBRL
Q2 FY26	Standalone · audited	25 Oct 2025	PDF XBRL
Q1 FY26	Standalone	23 Jul 2025	PDF XBRL
Q4 FY25	Standalone · audited	27 May 2025	PDF XBRL
Q3 FY25	Standalone	23 Jan 2025	PDF on NSE XBRL
Q2 FY25	Standalone · audited	24 Oct 2024	PDF on NSE XBRL
Q1 FY25	Standalone	24 Jul 2024	PDF on NSE XBRL

Annual reports

NSE archive

FY266.32 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)179.4×

P/B-0.34×

ROEFY26, on average equity1.1%

Net margin-18.6%

Debt / equity-1.03×

Revenue CAGR (3Y)1.6%

Profit CAGR (3Y)–

EPS (TTM)₹0.19

Market cap₹6,733 Cr

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

Balance sheet 31 Mar 2026

Total assets₹1,341 Cr+3%

Net worth₹-19,983 Cr−2%

Total borrowings₹20,663 Cr+2%

Cash & bank balances₹15 Cr−64%

Investments₹23 Cr−60%

Inventories₹0 Cr

Trade receivables₹95 Cr−34%

Trade payables₹239 Cr+14%

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	Mar 24	Dec 23	Sept 23
Promoter	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36
FII	2.52	2.60	2.64	2.64	2.82	2.54	2.34	2.39	2.38	2.46	2.26	2.22
DII	0.18	0.17	0.14	0.13	0.12	0.12	0.10	0.09	0.07	0.06	0.05	0.07
of which MF	0.17	0.16	0.13	0.12	0.11	–	–	–	–	–	–	–
Retail	21.00	20.90	20.96	20.90	20.74	21.00	21.18	21.10	21.02	21.00	21.19	21.34
Other public	1.94	1.97	1.90	1.97	1.96	1.98	2.02	2.06	2.17	2.12	2.14	2.01

9,46,056 shareholders · NSE shareholding pattern filings.