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 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 8.3 | 23.4 | 12.1 | 27.8 | −0.6 | 7.5 | 5.9 | 15.5 | 13.5 | 24 | 25.5 | 24.8 | 10.4 | 49.9 | 47.5 | 54.6 | 107 | 112 | 114 | 115 | 79.2 | 139 | 93.9 | 43.6 | 3.5 | 118 | 167 | 167 | 180 | 176 | 177 | 216 | 224 |
| Other income | 0.6 | −15.2 | 21.6 | 6.5 | 6.8 | 37.9 | 22.6 | 34.2 | 45.1 | 0.7 | 3.4 | 2.4 | 0.2 | 0.1 | 0.2 | 0.8 | 3.3 | −0.1 | 5.2 | 8 | 4.7 | 1 | 0.5 | 5.5 | 0.3 | 0.3 | 1.5 | 1 | 1 | 1.2 | 2 | 2.2 | 2.1 |
| Total expenses | 15.8 | 30.8 | 14.8 | 15.5 | 3 | 61.6 | 32 | 25.1 | 30.9 | 37.2 | 44 | 45.5 | 37.6 | 72.7 | 79.7 | 84.1 | 124 | 129 | 135 | 140 | 96.6 | 173 | 108 | 62.5 | 27.1 | 124 | 185 | 193 | 181 | 176 | 178 | 217 | 225 |
| EBITDA | −6.9 | −5.9 | −1.5 | 13.8 | −1.1 | −51.7 | −22.6 | −4.7 | −10.9 | −5.4 | −9.2 | −6.2 | −10.5 | −4.8 | −13.5 | −11.6 | −0 | −0.8 | −4.7 | −7.8 | 1.5 | −14 | 8.8 | 2.4 | −4.6 | 17.6 | 5.1 | −4.2 | 22.5 | 20.1 | 17.9 | 18.1 | 20.3 |
| EBITDA margin | -83.2% | -25.2% | -12.1% | 49.7% | 202.2% | -689.0% | -380.5% | -30.2% | -80.8% | -22.3% | -35.9% | -24.9% | -101.5% | -9.6% | -28.4% | -21.3% | -0.0% | -0.7% | -4.1% | -6.8% | 1.9% | -10.1% | 9.4% | 5.5% | -131.8% | 14.9% | 3.0% | -2.5% | 12.5% | 11.4% | 10.1% | 8.4% | 9.0% |
| Finance costs | 0 | 0 | 0 | 0 | 1.4 | 1.2 | 2.5 | 3.8 | 5.3 | 6.8 | 7.7 | 11.7 | 10.5 | 12.6 | 12.1 | 11.3 | 10 | 10.2 | 10.2 | 11.2 | 11.5 | 12.2 | 13.5 | 13.8 | 11.4 | 14.4 | 13.2 | 12.5 | 14.1 | 12.5 | 11.3 | 11.4 | 12.2 |
| Depreciation | 0.6 | 1.6 | 1.2 | 1.5 | 1 | 1.2 | 1 | 1.1 | 1.1 | 1.1 | 1.6 | 2.7 | 6.2 | 5.4 | 6.6 | 6.6 | 6.6 | 5.8 | 6.4 | 6.6 | 7.4 | 8.1 | 9 | 7.5 | 7.5 | 9.6 | 9.6 | 9.6 | 9.4 | 8.4 | 8.3 | 8 | 8.5 |
| Profit before tax | −6.9 | −22.6 | 18.9 | 18.8 | 3.3 | −16.1 | −3.4 | 24.6 | 27.7 | −12.6 | −15.1 | −18.3 | −27 | −22.8 | −32 | −28.6 | −13.3 | −16.9 | −16.2 | −17.6 | −12.6 | −33.3 | −13.2 | −13.4 | −23.2 | −6.1 | −16.2 | −25.2 | 0.1 | 0.5 | 0.3 | 0.9 | 1.6 |
| Tax | −0.3 | 6 | 13.6 | 8.6 | −22.2 | −7.3 | 3.5 | 16.4 | 5.1 | −6.1 | −8.5 | −5.3 | −8.4 | −7.3 | −9.8 | −11.3 | 1 | 9.8 | −3.6 | −5.3 | −9.8 | −11.4 | −7.5 | −1.7 | 1.7 | −14 | 0.4 | −0.2 | −0.3 | 0.1 | 0.5 | 0.3 | 0.8 |
| Net profit | −6.6 | −28.6 | 5.3 | 10.2 | 25.5 | −8.9 | −6.9 | 8.3 | 22.6 | −6.5 | −6.6 | −13 | −18.6 | −15.4 | −22.2 | −17.4 | −10 | −12.2 | −14 | −12.4 | −2.9 | −21.9 | −5.7 | −11.7 | −24.9 | 7.9 | −16.6 | −25 | 0.4 | 0.3 | −0.2 | 0.6 | 0.8 |
| Net margin | -79.4% | -122.3% | 44.1% | 36.7% | -4616.1% | -118.2% | -116.9% | 53.4% | 166.9% | -26.9% | -25.8% | -52.3% | -179.2% | -30.9% | -46.7% | -31.8% | -9.4% | -10.9% | -12.3% | -10.8% | -3.6% | -15.8% | -6.0% | -26.8% | -710.2% | 6.7% | -10.0% | -14.9% | 0.2% | 0.2% | -0.1% | 0.3% | 0.4% |
| EPS (₹) | -1.27 | -8.32 | 7.36 | 3.96 | 9.89 | -3.78 | -2.96 | 3.52 | 9.63 | -2.75 | -2.81 | 5.53 | -7.92 | -6.58 | -9.47 | -7.40 | -6.09 | -11.39 | -5.35 | -5.27 | -1.22 | -9.34 | -2.42 | -4.98 | -10.63 | 3.36 | -7.10 | -10.65 | 0.16 | 0.14 | -0.09 | 0.24 | 0.35 |
| Net profit YoY | −125.7% | −222.3% | +177.0% | +23.5% | +12.8% | −37.4% | −5.2% | +163.7% | +221.5% | +58.2% | +70.3% | +25.3% | −85.3% | −26.8% | −58.3% | −40.6% | −250.7% | +44.4% | −147.2% | −5.8% | +88.5% | −378.0% | – | +29.9% | +0.2% | +1893.6% | −8176.1% | −4458.6% | −51.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 62.8 | 42.5 | 84.7 | 261 | 421 | 279 | 565 | 0 | 824 |
| Other income | 19.8 | 140 | 6.6 | 2.7 | 3.6 | 8.2 | 1.7 | 0 | 5.2 |
| Total expenses | 64.2 | 150 | 164 | 360 | 500 | 370 | 622 | 0 | 823 |
| EBITDA | 5.4 | −89.9 | −31.2 | −28.2 | −10.3 | −8.2 | 34.1 | 0 | 77.6 |
| EBITDA margin | 8.5% | -211.8% | -36.8% | -10.8% | -2.5% | -2.9% | 6.0% | – | 9.4% |
| Finance costs | 1.4 | 12.8 | 36.7 | 45.9 | 43.1 | 50.9 | 53 | 0 | 43.5 |
| Depreciation | 5.3 | 4.4 | 11.7 | 25.3 | 25.5 | 32.1 | 38.4 | 0 | 32.9 |
| Profit before tax | 18.4 | 32.8 | −73 | −96.7 | −75.3 | −83.1 | −55.5 | 0 | 6.4 |
| Tax | 6 | 14.3 | −28.3 | −27.4 | −12.8 | −18.9 | −13.6 | 0 | 0.8 |
| Net profit | 12.4 | 18.5 | −44.6 | −65 | −41.4 | −64.2 | −41.9 | 0 | 5.6 |
| Net margin | 19.8% | 43.7% | -52.7% | -24.9% | -9.8% | -23.0% | -7.4% | – | 0.7% |
| EPS (₹) | -8.32 | 7.90 | -19.02 | -29.54 | -26.65 | -27.36 | -17.88 | 0.00 | 2.39 |
| Net profit YoY | −32.9% | +141.6% | +31.4% | −57.0% | +35.5% | −53.1% | – | −100.0% | – |
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 |
|---|---|---|---|---|---|
| Operating cash flow | 5 | 27.5 | 110 | 38.2 | 12.5 |
| Investing cash flow | 28.2 | 182 | 45.7 | 14.3 | 46.7 |
| Financing cash flow | −43.3 | −196 | −156 | −62.3 | −62.8 |
| Capital expenditure | 4.6 | 0 | 0 | 0 | 2.1 |
| Free cash flow (CFO − capex) | 0.4 | 27.5 | 110 | 38.2 | 10.4 |
Net profit trend
annual, ₹ croreFY21
₹−64.2
FY22
₹−41.4+35%
FY23
₹−65−57%
FY24
₹−44.6+31%
FY25
₹18.5+142%
FY26
₹12.4−33%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | 27 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 14 Aug 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 29 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 31 Jan 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 15 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 10 Aug 2024 | PDF on NSE XBRL |
| Q4 FY24 | Standalone · audited | 30 May 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 19.4×-17.7×
P/B5Y avg 3.36×4.50×
ROEFY26, on average equity22.1%
Net margin19.8%
Debt / equity0.04×
Revenue CAGR (3Y)-37.8%
Profit CAGR (3Y)–
EPS (TTM)₹-3.80
Market cap₹347 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.50×
vs 8-point avg 3.36× (+34%)
0.65× low3.36× avg10.02× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹184 Cr−10%
Net worth₹77 Cr+115%
Total borrowings₹3 Cr−97%
Cash & bank balances₹3 Cr−75%
Investments₹10 Cr
Inventories₹18 Cr+120%
Trade receivables₹16 Cr+105%
Trade payables₹0 Cr−100%
Change vs the same date a year earlier.
Revenue mix FY25
textiles100.0%result ₹45.7 Cr
Segment revenue as reported, before inter-segment eliminations.