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 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 106 | 130 | 141 | 136 | 105 | 101 | 73.7 | 72.8 | 74.3 | 256 | 60.8 | 76.5 | 84.3 | 97.4 | 91.5 | 110 | 106 | 160 | 167 | 138 | 187 | 121 | 133 | 107 | 138 | 780 | 510 | 288 | 0 | 981 |
| Other income | 14.8 | 15.1 | 12.4 | 15 | 12.1 | 27.5 | 30.7 | 7.1 | 9.7 | 16.8 | 9.7 | 4.8 | 6.8 | 67.4 | 6.2 | 6.8 | 6.1 | 6.7 | 51.3 | 3.7 | 3.9 | 3.7 | 1.9 | 3.4 | 10.4 | 4.5 | 4.9 | 28.8 | 0 | −3.7 |
| Total expenses | 823 | 712 | 809 | 890 | 855 | 462 | 824 | 848 | 1,292 | 1,858 | 858 | 829 | 794 | 798 | 763 | 761 | 1,284 | 430 | 432 | 406 | 466 | 357 | 375 | 342 | 1,130 | 796 | 601 | 427 | 0 | 1,107 |
| EBITDA | 6.1 | 240 | −239 | 3.1 | −9.7 | 775 | −280 | −241 | −682 | −766 | −7 | −6.8 | 13.5 | −25 | −1.9 | −13.6 | 9.9 | −3.7 | −3.6 | −22.2 | −44.9 | −7.4 | −25.7 | −20.2 | −617 | 118 | 39.9 | −11.9 | 0 | −56.2 |
| EBITDA margin | 5.8% | 184.0% | -169.3% | 2.3% | -9.2% | 768.4% | -379.6% | -331.1% | -917.7% | -299.8% | -11.6% | -8.9% | 16.1% | -25.7% | -2.1% | -12.3% | 9.3% | -2.3% | -2.2% | -16.1% | -24.1% | -6.1% | -19.3% | -18.9% | -448.4% | 15.1% | 7.8% | -4.1% | – | -5.7% |
| Finance costs | 722 | 820 | 429 | 756 | 740 | 1,137 | 469 | 532 | 534 | 835 | 789 | 744 | 721 | 673 | 668 | 636 | 1,186 | 264 | 260 | 244 | 232 | 227 | 215 | 212 | 373 | 132 | 130 | 125 | 0 | 66.8 |
| Depreciation | 1 | 1.2 | 1 | 1 | 1 | −0.8 | 1.6 | 1.6 | 1.6 | 1.4 | 1.7 | 1.6 | 1.5 | 1.7 | 1.5 | 1.5 | 1.5 | 1.4 | 1.7 | 1.7 | 1.8 | 1.7 | 1.7 | 1.8 | 1.8 | 1.8 | 1.7 | 1.6 | 0 | 2.8 |
| Profit before tax | −703 | −567 | −974 | −739 | −738 | −334 | −720 | −768 | −1,208 | −1,586 | −788 | −747 | −702 | −633 | −665 | −644 | −1,171 | −263 | −214 | −264 | −275 | −232 | −259 | −542 | −1,324 | −11.2 | −86.7 | −110 | 0 | −1,057 |
| Tax | 0.3 | −1.1 | 1.1 | −0.2 | 0.3 | 155 | −3.2 | −1.2 | −1.4 | −13.3 | 0.3 | −3.2 | 0.6 | −5.6 | −2 | −3 | 0.1 | 12.2 | 0.6 | 0 | 7.4 | 0.6 | −2.8 | 249 | 15.6 | 1.4 | 31.5 | 2 | 0 | −34.1 |
| Net profit | −703 | −566 | −975 | −739 | −739 | −489 | −717 | −767 | −1,206 | −1,572 | −788 | −744 | −703 | −627 | −663 | −641 | −1,172 | −318 | −211 | −260 | −326 | −228 | −253 | −788 | −1,317 | −16.5 | −117 | −112 | 0 | −1,000 |
| Net margin | -663.0% | -434.4% | -691.7% | -543.0% | -703.5% | -484.8% | -972.1% | -1052.6% | -1622.9% | -614.9% | -1296.3% | -972.7% | -833.9% | -643.6% | -724.7% | -581.1% | -1103.3% | -198.7% | -126.6% | -189.3% | -174.5% | -188.8% | -189.4% | -733.6% | -956.1% | -2.1% | -22.9% | -38.9% | – | -101.9% |
| EPS (₹) | -2.18 | -1.69 | -3.25 | -2.19 | -2.26 | -1.18 | -2.21 | -2.41 | -4.11 | -5.52 | -2.54 | -2.41 | -2.25 | -2.44 | -2.53 | -2.45 | -4.48 | -1.20 | -0.81 | -1.01 | -1.25 | -0.88 | -0.98 | -3.00 | -5.04 | -0.06 | -0.45 | -0.45 | 0.00 | -3.82 |
| Net profit YoY | +4.8% | −15.8% | −36.1% | +3.7% | +38.8% | +68.9% | +9.1% | −3.1% | −71.6% | −150.7% | −18.8% | −16.0% | +40.0% | −97.0% | −214.1% | −146.2% | – | +2.3% | +7.4% | −3.1% | +75.3% | −1280.4% | −116.3% | −602.2% | – | – | – | – | +100.0% | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 512 | 322 | 477 | 406 | 533 | 548 | 1,716 | 1,337 | 2,163 |
| Other income | 54.6 | 75.1 | 38.2 | 86.4 | 63.8 | 12.9 | 48.7 | 33.6 | 47.3 |
| Total expenses | 3,267 | 3,426 | 4,338 | 3,606 | 1,578 | 1,539 | 2,954 | 2,130 | 2,557 |
| EBITDA | −5.7 | −428 | −767 | −30.7 | −31.8 | −98.3 | −471 | −199 | −66.2 |
| EBITDA margin | -1.1% | -133.2% | -160.7% | -7.6% | -6.0% | -17.9% | -27.5% | -14.9% | -3.1% |
| Finance costs | 2,745 | 2,672 | 3,088 | 3,163 | 1,007 | 886 | 759 | 584 | 319 |
| Depreciation | 4.3 | 4 | 6.2 | 6.2 | 6.4 | 7 | 6.9 | 9.1 | 8.8 |
| Profit before tax | −3,018 | −3,029 | −3,823 | −3,114 | −981 | −1,308 | −1,531 | −834 | −1,332 |
| Tax | 0 | 149 | −15.6 | −10.5 | 13.2 | 255 | 50.5 | −40.9 | −14.4 |
| Net profit | −3,018 | −3,178 | −3,807 | −3,103 | −1,026 | −1,594 | −1,562 | −791 | −1,275 |
| Net margin | -589.2% | -988.0% | -797.7% | -765.3% | -192.4% | -290.8% | -91.0% | -59.1% | -59.0% |
| EPS (₹) | -9.39 | -9.91 | -12.72 | -10.65 | -3.91 | -6.11 | -6.00 | -3.06 | -4.87 |
| Net profit YoY | +5.0% | +16.5% | −22.7% | −202.4% | +35.6% | −2.0% | −97.5% | +38.0% | – |
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 | FY21 |
|---|---|---|---|---|---|---|
| Operating cash flow | −116 | −73.4 | 15.1 | 251 | −13.7 | −33.7 |
| Investing cash flow | 13.9 | 74 | 13.1 | 4.1 | 58.3 | 67.7 |
| Financing cash flow | 0 | −5.7 | −10.3 | −24.6 | −31.9 | −53.7 |
| Capital expenditure | 4.8 | 4 | 2.1 | 3.7 | 5.3 | 6.2 |
| Free cash flow (CFO − capex) | −121 | −77.4 | 13 | 247 | −19 | −39.9 |
Net profit trend
annual, ₹ croreFY21
₹−1,594
FY22
₹−1,026+36%
FY23
₹−3,103−202%
FY24
₹−3,807−23%
FY25
₹−3,178+17%
FY26
₹−3,018+5%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-0.4×
P/B5Y avg 0.87×-0.11×
ROEFY26, on average equity37.3%
Net margin-589.2%
Debt / equity-0.80×
Revenue CAGR (3Y)8.1%
Profit CAGR (3Y)–
EPS (TTM)₹-11.40
Market cap₹1,070 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
-0.11×
vs 10-point avg 0.87× (−113%)
-0.11× low0.87× avg2.18× high
History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹25,359 Cr−4%
Net worth₹-9,365 Cr−37%
Total borrowings₹7,516 Cr+3%
Cash & bank balances₹211 Cr−33%
Investments₹2,142 Cr+4%
Inventories₹2,815 Cr+0%
Trade receivables₹614 Cr+2%
Trade payables₹1,157 Cr+1%
Change vs the same date a year earlier.
Revenue mix FY26
Real Estate & Related Activities64.3%result ₹−276 Cr
Property Management29.3%result ₹−3 Cr
Hospitality6.2%result ₹4.4 Cr
Investment & Other Activities0.2%result ₹0.9 Cr
Segment revenue as reported, before inter-segment eliminations.