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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18

₹ crore	Q1 FY27	Q4 FY26	Q3 FY26	Q2 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	Q1 FY19	Q4 FY18
Revenue from operations	93.3	177	79.7	74.3	159	74.7	58.2	80.3	116	67.7	66.4	106	111	54.7	72.5	85.9	77.6	51.9	53.7	64.7	47	51.2	76.3	82.7	106	118	137	113	126	113	89.8
Other income	3.9	5	3.9	5.3	3.6	6.9	6.3	3.8	6.6	−4.5	9.2	10.7	8.4	3.7	3	5.2	14.1	4.7	6.1	9.5	15	17.9	13.4	10	9.7	8.5	11.8	8.4	6.9	6	1
Total expenses	80.4	147	82.8	85.4	115	84.7	68.4	75.9	79.2	62.9	78.6	105	151	64.3	73.3	86.2	89.4	63.2	60.5	68.4	77.3	68.7	82.2	87.2	120	104	116	103	113	84.9	63
EBITDA	32.6	53.2	8.7	12.2	64.5	8.5	6.5	23.8	51.5	22.3	3.4	19.2	−20.3	10.2	17.4	18	6.6	8.7	14.1	18	−5.9	7.4	19.9	21.7	17.6	44.2	51.8	30	33.3	42.2	36.1
EBITDA margin	34.9%	30.1%	11.0%	16.4%	40.7%	11.4%	11.2%	29.6%	44.2%	32.9%	5.1%	18.2%	-18.3%	18.6%	24.0%	20.9%	8.5%	16.8%	26.3%	27.8%	-12.6%	14.5%	26.1%	26.2%	16.7%	37.5%	37.9%	26.6%	26.4%	37.3%	40.2%
Finance costs	8.1	11.5	1.4	12.7	10	9.5	8.3	10.9	10	11	8.9	11.8	11	11.3	10.7	10.5	11.9	10	11.1	11.3	14.1	12.3	12.7	12.4	13	15.3	16	12.3	11.9	9.4	6.6
Depreciation	11.6	11.9	10.5	10.6	10.5	9	8.5	8.4	4.2	6.5	6.6	6.8	8.3	8.4	7.6	7.8	6.5	10	9.8	10.4	10.3	12.7	13.2	13.8	19.3	15.1	14.8	7.9	7.9	4.6	2.7
Profit before tax	16.9	66	0.7	−5.8	31.6	−3.1	−3.9	8.2	182	0.3	−17.4	11.3	−296	−163	2.2	4.8	2.3	−6.6	−0.6	5.8	−15.3	0.4	7.4	5.4	−36.1	22.4	32.8	18.2	20.3	34.2	27.7
Tax	6.3	20.6	3.4	0.3	14.8	0.7	0.1	4.6	12.9	2.3	0.9	4.7	1.2	0.8	2.4	5.3	7.3	2.2	0	4.4	11.7	0.2	5.2	2.1	6.1	6	8.4	4.3	6.3	10.1	10.3
Net profit	8.4	45.4	−2.6	−6.1	16.9	−3.8	−4	3.6	169	−1.9	−18.3	6.6	−298	−163	−0.2	−0.4	−5.1	−8.8	−0.6	1.4	−27	0.2	2.2	3.4	−42.2	16.3	24.4	13.9	14.1	24.1	17.4
Net margin	9.0%	25.7%	-3.3%	-8.3%	10.6%	-5.0%	-6.9%	4.5%	145.4%	-2.9%	-27.6%	6.2%	-268.1%	-298.5%	-0.2%	-0.5%	-6.5%	-17.0%	-1.2%	2.1%	-57.4%	0.4%	2.9%	4.1%	-40.0%	13.8%	17.9%	12.4%	11.2%	21.3%	19.4%
EPS (₹)	0.33	1.39	-0.08	-0.19	0.52	-0.12	-0.12	0.11	5.19	0.03	-0.50	0.26	-8.74	-4.94	0.07	0.01	0.00	-0.15	0.02	0.05	-0.46	-0.01	0.07	0.13	-0.55	0.45	0.68	0.38	0.41	0.66	0.54
Net profit YoY	–	+169.2%	+29.5%	−52.2%	−90.0%	−93.6%	+78.0%	−44.5%	+156.9%	+98.8%	−10196.7%	+1569.8%	−5779.4%	−1748.4%	+72.1%	−132.4%	+81.2%	−4214.1%	−128.4%	−58.9%	+36.1%	−98.7%	−90.8%	–	–	+17.1%	+73.1%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	439	372	356	324	248	257	515	269
Other income	18.4	20.6	21.9	20.2	34.4	56.3	41.6	3.7
Total expenses	417	344	326	375	281	315	470	197
EBITDA	104	103	96.4	25.3	47.4	43.1	168	102
EBITDA margin	23.7%	27.8%	27.1%	7.8%	19.1%	16.8%	32.7%	38.0%
Finance costs	38.1	38.7	41.8	43.6	44.3	51.5	59	19.1
Depreciation	43.9	36.4	24.1	32.1	36.7	49.9	64.1	11.1
Profit before tax	67.8	32.9	176	−452	0.8	−2	55.6	75.6
Tax	29.3	20.2	20.8	9.7	14	19.1	30.5	26.3
Net profit	38.5	12.7	156	−462	−13.2	−21.2	25.1	49.3
Net margin	8.8%	3.4%	43.7%	-142.4%	-5.3%	-8.2%	4.9%	18.3%
EPS (₹)	1.18	0.39	4.99	-13.60	-0.08	-0.27	1.34	1.52
Net profit YoY	+202.8%	−91.8%	+133.7%	−3407.9%	+37.8%	−184.2%	–	–

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	108	82.9	50.5	42	62.5
Investing cash flow	−5.8	−12.6	−6.2	−12	−5.6
Financing cash flow	−71.4	−63.3	−51	−29.9	−36.9
Capital expenditure	12.9	11.1	2.7	4.2	1.1
Free cash flow (CFO − capex)	95	71.8	47.7	37.8	61.4

Net profit trend

annual, ₹ crore

FY21

₹−21.2

FY22

₹−13.2+38%

FY23

₹−462−3408%

FY24

₹156+134%

FY25

₹12.7−92%

FY26

₹38.5+203%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	29 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	29 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	22 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	22 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	10 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	10 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	5 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	5 Nov 2025	PDF on NSE XBRL
Q1 FY26	Standalone	–	PDF on NSE XBRL
Q1 FY26	Standalone	13 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY267.66 MB FY255.64 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 6.4×5.0×

P/B5Y avg 3.35×0.97×

ROEFY26, on average equity17.9%

Net margin8.8%

Debt / equity1.44×

Revenue CAGR (3Y)10.6%

Profit CAGR (3Y)–

EPS (TTM)₹1.38

Market cap₹227 Cr

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

P/B vs history

0.97×

vs 8-point avg 3.35× (−71%)

0.51× low3.35× avg14.66× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹1,593 Cr+6%

Net worth₹235 Cr+20%

Total borrowings₹338 Cr−5%

Cash & bank balances₹57 Cr+117%

Investments₹6 Cr+8%

Inventories₹27 Cr+4%

Trade receivables₹47 Cr+17%

Trade payables₹22 Cr+49%

Change vs the same date a year earlier.

Revenue mix FY26

Educational services and related activities71.2%result ₹78.6 Cr

Training, manpower and related activities23.9%result ₹−0.1 Cr

Construction and leasing (for education)4.9%result ₹−18.6 Cr

Segment revenue as reported, before inter-segment eliminations.

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	14.98	15.01	15.01	15.01	15.01	15.01	15.01	15.02	15.05	15.05	15.05	15.05
FII	6.51	6.38	6.39	6.57	6.45	6.41	6.38	5.98	6.00	6.00	6.00	10.60
DII	0.30	0.22	0.17	0.00	0.00	0.00	0.02	0.02	0.02	0.02	0.02	0.02
Retail	52.39	49.50	48.61	48.31	48.61	48.31	47.53	46.34	45.73	46.59	49.82	48.15
Other public	25.82	28.89	29.82	30.11	29.93	30.27	31.06	32.64	33.20	32.34	29.11	26.18

1,54,521 shareholders · NSE shareholding pattern filings.