Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 | Q2 FY19 | Q3 FY18 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 97.7 | 122 | 111 | 114 | 89.3 | 115 | 110 | 96.1 | 89.6 | 400 | 98.1 | 110 | 82.9 | 347 | 91 | 86.5 | 74.5 | 43.2 | 54 | 38.2 | 23.3 | 131 | 33.9 | 34.7 | 12.9 | 95.5 | 127 | 107 | 99.6 | 115 | 0 |
| Other income | 2.7 | 3.2 | 1.7 | 2.3 | 2.4 | 2.7 | 2.5 | 2.5 | 2.4 | 13.9 | 4.8 | 2.4 | 1.8 | 9.9 | 2.5 | 2.3 | 2.1 | 4.6 | 2.2 | 2.1 | 2.2 | 11 | 1 | 0.8 | 2.7 | 2.8 | 3.7 | 4.2 | 3.3 | 4.8 | 0 |
| Total expenses | 79.9 | 91.4 | 83.9 | 83.9 | 80.4 | 92 | 92.5 | 85.4 | 79.2 | 420 | 98.1 | 87.9 | 72.3 | 330 | 81.9 | 82.3 | 79 | 85.9 | 69.2 | 65.3 | 69.1 | 292 | 71.9 | 63.9 | 59.5 | 99 | 117 | 111 | 105 | 109 | 0 |
| EBITDA | 39.4 | 54.1 | 48.7 | 55.2 | 33.9 | 45.7 | 48.6 | 37.8 | 38.2 | 170 | 37.3 | 51 | 39.5 | 145 | 38.2 | 33.3 | 33.8 | 11.3 | 16.4 | 6.7 | −11.6 | −0.6 | −0.7 | 9.1 | −10.9 | 35.3 | 49.8 | 36 | 29.2 | 41.3 | 0 |
| EBITDA margin | 40.3% | 44.5% | 44.0% | 48.5% | 38.0% | 39.8% | 44.1% | 39.4% | 42.6% | 42.6% | 38.0% | 46.5% | 47.6% | 41.8% | 42.0% | 38.5% | 45.4% | 26.2% | 30.4% | 17.5% | -49.5% | -0.5% | -2.1% | 26.2% | -84.1% | 37.0% | 39.1% | 33.7% | 29.3% | 35.8% | – |
| Finance costs | 10.9 | 13.9 | 12.2 | 13.4 | 14.1 | 12.7 | 18.3 | 18.4 | 18.7 | 153 | 27.9 | 19.8 | 19.4 | 89.1 | 19.4 | 19.4 | 28.6 | 36.2 | 19.6 | 18.5 | 18.7 | 108 | 24.3 | 25.3 | 22.8 | 25.7 | 26.5 | 27.7 | 22.8 | 23.4 | 0 |
| Depreciation | 10.7 | 10.2 | 9.5 | 12 | 11 | 10.3 | 12.7 | 8.8 | 9 | 38 | 9.5 | 9.4 | 9.4 | 38.5 | 9.7 | 9.7 | 9.8 | 17.9 | 12 | 15.3 | 15.4 | 52 | 13 | 13.1 | 13 | 13.1 | 13.1 | 13 | 11.9 | 11.9 | 0 |
| Profit before tax | 20.5 | 12.5 | 28.6 | 32.2 | 11.3 | 17.3 | 1.4 | 13.1 | 12.8 | −6.6 | 4.7 | 24.2 | 12.4 | 27.7 | 11.6 | 6.5 | −2.5 | −38.1 | −12.9 | −25 | −43.6 | −149 | −37 | −28.5 | −43.9 | 3.5 | 9.7 | −0.4 | −2.2 | 10.8 | 0 |
| Tax | 6.2 | 1.6 | 7 | 7.7 | 3.2 | 18.2 | −3.7 | −4.9 | −4.8 | −12.1 | 3.1 | −0 | −3.1 | −4.7 | −1.2 | −1.2 | −1.1 | −0.1 | −0.1 | −0.1 | −1.7 | −0.6 | 0.4 | −0.1 | −0 | 8.9 | −5 | −1.5 | −5.7 | 1 | 0 |
| Net profit | 14.3 | 10.8 | 21.7 | 24.4 | 8.1 | −0.9 | 5.1 | 18.1 | 17.6 | 5.5 | 1.7 | 24.2 | 15.5 | 32.4 | 12.8 | 7.7 | −1.4 | −38 | −12.8 | −24.8 | −41.8 | −149 | −37.4 | −28.4 | −43.9 | −5.5 | 14.7 | 1.1 | 3.5 | 9.8 | 0 |
| Net margin | 14.6% | 8.9% | 19.5% | 21.4% | 9.1% | -0.8% | 4.6% | 18.8% | 19.6% | 1.4% | 1.7% | 22.0% | 18.7% | 9.3% | 14.1% | 8.9% | -1.9% | -88.1% | -23.7% | -65.0% | -179.2% | -113.3% | -110.3% | -82.0% | -340.0% | -5.7% | 11.5% | 1.0% | 3.5% | 8.5% | – |
| EPS (₹) | 12.26 | 9.30 | 18.58 | 20.95 | 0.00 | -0.81 | 4.38 | 15.50 | 15.09 | 4.73 | 1.44 | 20.74 | 13.32 | 27.84 | 11.00 | 8.35 | -1.19 | -32.65 | -10.99 | -21.33 | -35.90 | -127.74 | -32.07 | -24.38 | -37.65 | -4.70 | 12.61 | 0.93 | 2.99 | 8.43 | 0.00 |
| Net profit YoY | +76.7% | +1243.9% | +324.5% | +35.1% | −54.0% | −117.2% | +205.1% | −25.2% | +13.3% | −83.0% | −87.0% | +212.1% | +1219.8% | +185.3% | +200.1% | +131.2% | +96.7% | +74.4% | +65.7% | +12.5% | +4.7% | −2620.0% | −354.3% | −2722.8% | – | – | – | −69.3% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 435 | 411 | 400 | 347 | 159 | 131 | 431 | 391 |
| Other income | 9.6 | 10 | 13.9 | 9.9 | 11.1 | 11 | 10.2 | 15.5 |
| Total expenses | 340 | 349 | 420 | 330 | 289 | 292 | 432 | 416 |
| EBITDA | 192 | 170 | 170 | 145 | 22.9 | −0.6 | 158 | 122 |
| EBITDA margin | 44.1% | 41.5% | 42.6% | 41.8% | 14.4% | -0.5% | 36.7% | 31.2% |
| Finance costs | 53.6 | 68.1 | 153 | 89.1 | 92.9 | 108 | 107 | 91.2 |
| Depreciation | 42.7 | 40.8 | 38 | 38.5 | 60.6 | 52 | 52 | 56 |
| Profit before tax | 84.5 | 44.6 | −6.6 | 27.7 | −120 | −149 | 9.2 | −9.6 |
| Tax | 19.6 | 4.8 | −12.1 | −4.7 | −2.1 | −0.6 | 8.2 | 1.8 |
| Net profit | 65 | 39.8 | 5.5 | 32.4 | −118 | −149 | 1 | −11.4 |
| Net margin | 14.9% | 9.7% | 1.4% | 9.3% | -74.0% | -113.3% | 0.2% | -2.9% |
| EPS (₹) | 55.77 | 34.16 | 4.73 | 27.84 | -100.85 | -127.74 | 0.85 | -7.77 |
| Net profit YoY | +63.3% | +622.8% | −83.0% | +127.6% | +21.1% | −15143.9% | – | – |
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 | 203 | 138 | 152 | 155 | 70.5 | 18.3 |
| Investing cash flow | −24.3 | 1.7 | −8.7 | −4.3 | 22.1 | 31.5 |
| Financing cash flow | −121 | −151 | −124 | −117 | −94.5 | −61.2 |
| Capital expenditure | 54 | 0 | 6.8 | 5.1 | 1.7 | 7.7 |
| Free cash flow (CFO − capex) | 149 | 138 | 145 | 150 | 68.7 | 10.5 |
Net profit trend
annual, ₹ croreFY21
₹−149
FY22
₹−118+21%
FY23
₹32.4+128%
FY24
₹5.5−83%
FY25
₹39.8+623%
FY26
₹65+63%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 1 Sept 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | – | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 10.6×8.5×
P/B-45.12×
ROEFY26, on average equity-142.1%
Net margin14.9%
Debt / equity-44.94×
Revenue CAGR (3Y)7.8%
Profit CAGR (3Y)26.0%
EPS (TTM)₹61.09
Market cap₹606 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹977 Cr+1%
Net worth₹-13 Cr+83%
Total borrowings₹604 Cr−12%
Cash & bank balances₹103 Cr+126%
Investments₹0 Cr−1%
Inventories₹5 Cr+1%
Trade receivables₹18 Cr+15%
Trade payables₹29 Cr+10%
Change vs the same date a year earlier.