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 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q3 FY19 | Q2 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 111 | 133 | 131 | 111 | 107 | 93 | 139 | 96.6 | 94.1 | 119 | 118 | 86.6 | 84.9 | 87.9 | 111 | 107 | 90 | 54.8 | 51.3 | 25.9 | 27.2 | 32.4 | 26 | 11.4 | 16.8 | 109 | 142 | 125 | 153 | 133 | 161 |
| Other income | 3.6 | 2.4 | 2.5 | 2.5 | 4.9 | 2.7 | 2.1 | 1.5 | 1.8 | 5.6 | 1.5 | 1.4 | 1.3 | 2.2 | 1.8 | 1.3 | 1.5 | 3.8 | 2 | 1 | 1.5 | 2.1 | 6.7 | 2.6 | 2.2 | 1.9 | 2.5 | 2.5 | 4.5 | 3.5 | 3.6 |
| Total expenses | 107 | 130 | 125 | 103 | 103 | 95.1 | 121 | 99.1 | 100 | 117 | 114 | 83.1 | 83.7 | 92 | 116 | 121 | 96.1 | 84.5 | 71 | 58.8 | 63.2 | 66.5 | 68.6 | 54.4 | 60.9 | 103 | 128 | 117 | 136 | 121 | 125 |
| EBITDA | 17.7 | 17.3 | 20.5 | 21.3 | 16.9 | 10.8 | 30.5 | 10 | 6.1 | 14.6 | 18.2 | 17.1 | 15.9 | 10.9 | 9.8 | 2.1 | 9.3 | −13.3 | −2.9 | −15.8 | −19.1 | −16.2 | −24.1 | −23.3 | −24.2 | 27.5 | 35.1 | 26.5 | 39.2 | 33.5 | 56.6 |
| EBITDA margin | 16.0% | 12.9% | 15.6% | 19.2% | 15.8% | 11.6% | 22.0% | 10.4% | 6.5% | 12.3% | 15.4% | 19.8% | 18.7% | 12.4% | 8.8% | 2.0% | 10.3% | -24.2% | -5.7% | -60.9% | -70.3% | -50.0% | -92.6% | -204.9% | -144.7% | 25.2% | 24.7% | 21.3% | 25.6% | 25.1% | 35.1% |
| Finance costs | 3.3 | 3.4 | 3.4 | 3.4 | 3.1 | 3.1 | 3.3 | 3.1 | 2.9 | 2.7 | 3.1 | 3.2 | 3.6 | 2.5 | 3.3 | 2.8 | 2.6 | 2.7 | 3 | 3.1 | 2.8 | 3 | 3.3 | 3.7 | 3.1 | 2.5 | 2.7 | 2.4 | 3 | 3.3 | 1.7 |
| Depreciation | 10.5 | 10.4 | 10.4 | 10.2 | 10.1 | 9.8 | 9.7 | 9.5 | 9.6 | 10.4 | 10.9 | 10.5 | 11 | 12.6 | 11.5 | 12.8 | 12.7 | 13.7 | 13.8 | 14.1 | 14.1 | 14.8 | 15.2 | 16.1 | 16.9 | 18.3 | 18.3 | 16.7 | 18.5 | 18.5 | 19 |
| Profit before tax | 7.6 | 5.8 | 9.2 | 10.2 | 8.6 | 0.7 | 19.9 | −1 | −4.6 | 7 | 5.6 | 3.4 | 2.6 | −1.9 | −3.2 | −12.1 | −4.6 | −26 | −17.7 | −31.9 | −34.5 | −31.9 | −35.9 | −40.5 | −41.9 | 8.6 | 16.5 | 9.9 | 22.2 | 15.2 | 39.5 |
| Tax | 2.3 | 2.1 | 3.2 | 3.1 | 2.4 | 1.9 | 5.1 | 0.2 | −0.1 | 1.6 | 1.4 | 2.2 | 1.1 | 0.5 | −0.7 | −0.9 | −0.2 | −4.9 | −4 | −3 | −8 | −4.8 | −9 | −10.1 | −9.5 | 2.6 | −9.5 | 14.9 | 8.4 | 6.9 | 16.1 |
| Net profit | 5.6 | 4.5 | 6.4 | 7.5 | 6.5 | −0.7 | 15.3 | −0.9 | −4.1 | 6 | 4.6 | 3.3 | 2.5 | −1.2 | −0.3 | −9.2 | −2.5 | −18.9 | −13 | −28.3 | −26.7 | −25.5 | −28.2 | −30.7 | −33.2 | 6.8 | 27.4 | −3.6 | 14.6 | 10 | 24.9 |
| Net margin | 5.1% | 3.4% | 4.9% | 6.8% | 6.1% | -0.8% | 11.0% | -0.9% | -4.4% | 5.1% | 3.9% | 3.8% | 3.0% | -1.3% | -0.3% | -8.5% | -2.8% | -34.5% | -25.4% | -109.4% | -98.2% | -78.6% | -108.4% | -270.1% | -198.4% | 6.2% | 19.3% | -2.8% | 9.5% | 7.5% | 15.5% |
| EPS (₹) | 1.45 | 1.15 | 1.65 | 1.94 | 1.68 | -0.18 | 3.96 | -0.23 | -1.07 | 1.57 | 1.19 | 0.86 | 0.66 | -0.31 | -0.09 | -2.40 | -0.81 | -6.04 | -4.48 | -9.98 | -9.41 | -8.99 | -9.95 | -10.82 | -11.72 | 2.39 | 9.65 | -1.26 | 5.16 | 3.81 | 9.12 |
| Net profit YoY | −13.5% | +731.0% | −58.2% | +954.5% | +257.5% | −111.8% | +233.8% | −126.7% | −264.3% | +610.2% | +1487.9% | +136.0% | +199.2% | +93.8% | +97.5% | +67.6% | +90.5% | +25.9% | +53.8% | +7.8% | +19.7% | −476.1% | −203.1% | −763.7% | – | – | +87.3% | −135.6% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 482 | 422 | 408 | 396 | 160 | 86.6 | 502 | 594 |
| Other income | 12.3 | 8.1 | 9.8 | 6.7 | 8.3 | 13.6 | 11.7 | 10.9 |
| Total expenses | 460 | 416 | 398 | 425 | 279 | 250 | 466 | 513 |
| EBITDA | 75.9 | 57.5 | 65.8 | 32.1 | −51 | −87.8 | 118 | 170 |
| EBITDA margin | 15.7% | 13.6% | 16.1% | 8.1% | -31.8% | -101.4% | 23.4% | 28.6% |
| Finance costs | 13.3 | 12.4 | 12.7 | 11.1 | 11.6 | 13.1 | 10.1 | 9.2 |
| Depreciation | 41.1 | 38.6 | 42.8 | 49.5 | 55.8 | 63 | 71 | 79.8 |
| Profit before tax | 33.9 | 15 | 18.6 | −21.9 | −110 | −150 | 48.2 | 91.9 |
| Tax | 10.9 | 7.2 | 6.3 | −1.3 | −19.9 | −33.4 | 13.4 | 37.8 |
| Net profit | 24.9 | 9.6 | 16.4 | −13.2 | −86.9 | −118 | 38.8 | 60.5 |
| Net margin | 5.2% | 2.3% | 4.0% | -3.3% | -54.2% | -135.8% | 7.7% | 10.2% |
| EPS (₹) | 6.42 | 2.47 | 4.26 | -3.47 | -27.77 | -41.48 | 13.68 | 22.59 |
| Net profit YoY | +160.6% | −41.6% | +223.8% | +84.8% | +26.1% | −403.3% | – | – |
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 | 58.4 | 50.1 | 77.2 | 6.1 | −25.7 |
| Investing cash flow | −53.9 | −62 | −22.3 | 14.6 | −43.8 |
| Financing cash flow | −7.7 | −0 | −42.3 | −22.1 | 72.3 |
| Capital expenditure | 46.4 | 46.5 | 30.1 | 28.5 | 13.9 |
| Free cash flow (CFO − capex) | 12.1 | 3.6 | 47.1 | −22.4 | −39.6 |
Net profit trend
annual, ₹ croreFY21
₹−118
FY22
₹−86.9+26%
FY23
₹−13.2+85%
FY24
₹16.4+224%
FY25
₹9.6−42%
FY26
₹24.9+161%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 28 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 28 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 21 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 21 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 29 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 4 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 4 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 31 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 31 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 22.5×9.6×
P/B5Y avg 1.29×0.71×
ROEFY26, on average equity8.0%
Net margin5.2%
Debt / equity0.24×
Revenue CAGR (3Y)6.8%
Profit CAGR (3Y)–
EPS (TTM)₹6.19
Market cap₹232 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.71×
vs 8-point avg 1.29× (−45%)
0.66× low1.29× avg1.86× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹640 Cr+14%
Net worth₹325 Cr+9%
Total borrowings₹77 Cr+15%
Cash & bank balances₹13 Cr−16%
Investments₹31 Cr+37%
Inventories₹8 Cr−19%
Trade receivables₹162 Cr+40%
Trade payables₹91 Cr+44%
Change vs the same date a year earlier.