Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY24
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 423 | 618 | 526 | 432 | 332 | 412 | 337 | 303 | 252 | 273 | 200 | 184 | 118 |
| Other income | 6.6 | 8.4 | 8.7 | 9.2 | 11.7 | 12.7 | 3.5 | 6 | 4.5 | 4.7 | 4.5 | 0.7 | 1.5 |
| Total expenses | 407 | 574 | 485 | 397 | 310 | 384 | 314 | 281 | 234 | 252 | 183 | 175 | 117 |
| EBITDA | 30.9 | 58.3 | 52.2 | 44 | 30.5 | 35.9 | 29 | 26.7 | 22.4 | 27.2 | 20.4 | 15 | 8 |
| EBITDA margin | 7.3% | 9.4% | 9.9% | 10.2% | 9.2% | 8.7% | 8.6% | 8.8% | 8.9% | 10.0% | 10.2% | 8.2% | 6.7% |
| Finance costs | 1.7 | 1.6 | 1.3 | 1.4 | 1.1 | 1.1 | 2.3 | 2.2 | 2.1 | 3.8 | 2.1 | 3.4 | 4.4 |
| Depreciation | 12.7 | 12.5 | 9.8 | 7.5 | 7 | 6.3 | 4 | 2.4 | 2.1 | 2.1 | 1.8 | 2.4 | 2 |
| Profit before tax | 23.1 | 52.6 | 49.7 | 44.4 | 34.1 | 41.2 | 26.3 | 28.1 | 22.8 | 26 | 20.9 | 9.9 | 3 |
| Tax | 8 | 13.9 | 12.7 | 11.2 | 8.6 | 10.2 | 6.5 | 7.8 | 6 | 6.8 | 5.7 | 2.3 | 0.9 |
| Net profit | 17.5 | 40.6 | 37.1 | 35 | 26.1 | 31.1 | 19.7 | 20.3 | 16.7 | 19.2 | 15.2 | 7.6 | 2.1 |
| Net margin | 4.1% | 6.6% | 7.1% | 8.1% | 7.9% | 7.6% | 5.9% | 6.7% | 6.6% | 7.0% | 7.6% | 4.1% | 1.7% |
| EPS (₹) | 1.30 | 3.02 | 2.76 | 2.61 | 1.94 | 2.32 | 1.61 | 1.66 | 1.37 | 1.57 | 1.47 | 0.78 | 0.24 |
| Net profit YoY | −32.9% | +30.4% | +87.7% | +72.4% | +56.0% | +62.5% | +29.7% | +167.6% | +714.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 1,908 | 1,304 | 776 |
| Other income | 38 | 26.8 | 11.3 |
| Total expenses | 1,765 | 1,212 | 727 |
| EBITDA | 185 | 114 | 70.6 |
| EBITDA margin | 9.7% | 8.7% | 9.1% |
| Finance costs | 5.3 | 7.7 | 13.7 |
| Depreciation | 36.9 | 14.8 | 8.4 |
| Profit before tax | 181 | 118 | 59.8 |
| Tax | 46.4 | 30.5 | 15.8 |
| Net profit | 139 | 87.9 | 44 |
| Net margin | 7.3% | 6.7% | 5.7% |
| EPS (₹) | 10.28 | 6.99 | 4.06 |
| Net profit YoY | +57.9% | +99.7% | – |
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 |
|---|---|---|---|
| Operating cash flow | −51.5 | 19.7 | −82.7 |
| Investing cash flow | 75.1 | −486 | −332 |
| Financing cash flow | 44.1 | 496 | 403 |
| Capital expenditure | 107 | 67.5 | 45.9 |
| Free cash flow (CFO − capex) | −159 | −47.8 | −129 |
Net profit trend
annual, ₹ croreFY24
₹44
FY25
₹87.9+100%
FY26
₹139+58%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 13 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 13 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 53.8×18.5×
P/B5Y avg 5.09×1.71×
ROEFY26, on average equity10.5%
Net margin7.3%
Debt / equity0.03×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹9.68
Market cap₹2,405 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.71×
vs 6-point avg 5.09× (−66%)
1.71× low5.09× avg9.48× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,554 Cr+18%
Net worth₹1,404 Cr+13%
Total borrowings₹45 Cr+432%
Cash & bank balances₹106 Cr+178%
Investments₹32 Cr+1604%
Inventories₹1 Cr+154%
Trade receivables₹361 Cr+68%
Trade payables₹21 Cr+341%
Change vs the same date a year earlier.
Revenue mix FY26
Propel platform revenue / Gift cards58.1%result ₹0 Cr
Program fee39.4%result ₹0 Cr
Platform fee / SaaS fee / Service fee2.5%result ₹0 Cr
Segment revenue as reported, before inter-segment eliminations.