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 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 49.9 | 40.8 | 26.4 | 31.2 | 26.9 | 33 | 29 | 26.1 | 42 | 50.3 | 51.7 | 60.3 | 58.7 | 79.6 | 68.3 | 58.7 | 79.9 | 88.2 | 79.1 | 74.3 | 74.7 | 67.4 | 65.2 | 90.7 | 48.8 | 67 | 57.9 | 73.6 | 0 |
| Other income | 0.4 | 1.1 | 0.2 | 0.4 | 0.3 | 0.5 | 0.3 | 0.4 | 0.3 | 0.5 | 0.5 | 0.4 | 0.4 | 0.6 | 1.1 | 0.6 | 0.4 | 0.4 | 2.2 | 0.7 | 1.3 | 0.6 | 2.6 | 0.6 | 0.5 | 0.7 | 0.7 | 0.4 | 0 |
| Total expenses | 44.9 | 44.2 | 33.6 | 35.3 | 33.9 | 42.9 | 35.2 | 35.5 | 48.7 | 60.2 | 57.5 | 67.6 | 60.7 | 77.7 | 65.6 | 62 | 76.6 | 84.7 | 79.5 | 75.7 | 75.2 | 71.8 | 71.9 | 94.9 | 62.1 | 80.6 | 75 | 86.7 | 0 |
| EBITDA | 10.3 | 1.6 | −1.5 | 1.6 | −0.9 | 0.1 | −0.8 | −3.9 | −0.4 | −0.8 | 3 | 2 | 7.7 | 12.5 | 12.4 | 8.3 | 14.5 | 15 | 12.1 | 11.3 | 12.3 | 9 | 6.4 | 9.3 | 0.8 | 3.5 | −3.9 | −0.1 | 0 |
| EBITDA margin | 20.7% | 3.9% | -5.6% | 5.2% | -3.5% | 0.3% | -2.9% | -15.0% | -0.9% | -1.5% | 5.9% | 3.4% | 13.2% | 15.7% | 18.1% | 14.0% | 18.2% | 17.0% | 15.3% | 15.2% | 16.4% | 13.3% | 9.8% | 10.3% | 1.6% | 5.3% | -6.7% | -0.2% | – |
| Finance costs | 2.7 | 2.3 | 3 | 2.9 | 3 | 5.6 | 2.5 | 2.2 | 3.3 | 4.4 | 3.4 | 3.8 | 4.1 | 4.4 | 3.3 | 5.4 | 5.3 | 5.7 | 6.5 | 6.5 | 6.8 | 7.7 | 6.9 | 7.3 | 7.5 | 9 | 7.4 | 7.7 | 0 |
| Depreciation | 2.7 | 2.7 | 2.8 | 2.8 | 3 | 4.4 | 2.9 | 3.2 | 3 | 4.7 | 5.4 | 5.5 | 5.6 | 6.2 | 6.3 | 6.1 | 5.9 | 5.9 | 6 | 6.1 | 5.9 | 5.7 | 6.1 | 6.2 | 6.5 | 8 | 5.9 | 5.3 | 0 |
| Profit before tax | 6.5 | 2.6 | −7.1 | −3.4 | −7.7 | −8.2 | −5.7 | −6.9 | −6.6 | −68.5 | −4.1 | −0.7 | −1.8 | −11.1 | 3.3 | −2.7 | 3.7 | 3.9 | 1.8 | −0.6 | 0.8 | −4.6 | −4.1 | −3.6 | −12.7 | −332 | −16.7 | −12.5 | 0 |
| Tax | 1.8 | 0.4 | −1.3 | −0.4 | −1.2 | −1.5 | −0.9 | 2.2 | −1.1 | −8.1 | 0.1 | 4.3 | −0 | 2.3 | 2.1 | 0 | 2.1 | 2.2 | 1.7 | 0.9 | 1.4 | 0.6 | 0.1 | 1.3 | −1.7 | −0.9 | −3.5 | −2.6 | 0 |
| Net profit | 4.7 | 2.2 | −5.8 | −3.1 | −6.5 | −6.7 | −4.7 | −9.1 | −5.5 | −60.4 | −4.2 | −4.9 | −1.8 | −13.4 | 1.2 | −2.7 | 1.6 | 1.7 | 0.1 | −1.6 | −0.6 | −5.2 | −4.2 | −4.9 | −11.1 | −331 | −13.2 | −9.9 | 0 |
| Net margin | 9.4% | 5.5% | -22.0% | -9.8% | -24.0% | -20.2% | -16.3% | -34.7% | -13.1% | -120.0% | -8.1% | -8.2% | -3.1% | -16.9% | 1.7% | -4.6% | 2.0% | 1.9% | 0.1% | -2.1% | -0.8% | -7.8% | -6.4% | -5.4% | -22.7% | -494.1% | -22.8% | -13.5% | – |
| EPS (₹) | 0.29 | 0.14 | -0.36 | -0.19 | -0.40 | -0.41 | -0.29 | -0.56 | -0.34 | -3.71 | -0.26 | -0.30 | -0.11 | -0.83 | 0.07 | -0.16 | 0.10 | 0.10 | 0.00 | -0.10 | -0.04 | -0.32 | -0.26 | -0.30 | -0.68 | -20.36 | -0.81 | -0.61 | 0.00 |
| Net profit YoY | +172.9% | +133.7% | −22.6% | +66.3% | −17.1% | +89.0% | −12.6% | −83.8% | −206.3% | −349.2% | −454.6% | −84.4% | −211.9% | −901.5% | +1597.3% | −71.3% | +367.7% | +132.1% | +101.7% | +68.2% | +94.6% | +98.4% | +68.3% | +50.5% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 127 | 130 | 220 | 287 | 316 | 272 | 300 | 0 |
| Other income | 2 | 1.5 | 1.7 | 2.8 | 4.5 | 4.3 | 2.3 | 0 |
| Total expenses | 147 | 162 | 241 | 282 | 315 | 301 | 350 | 0 |
| EBITDA | 2.7 | −5 | 15.9 | 47.7 | 50.7 | 25.5 | 6.8 | 0 |
| EBITDA margin | 2.1% | -3.9% | 7.2% | 16.6% | 16.0% | 9.4% | 2.3% | – |
| Finance costs | 11.1 | 13.6 | 15.8 | 18.5 | 25.5 | 29.4 | 31.2 | 0 |
| Depreciation | 11.3 | 13.6 | 21.2 | 24.6 | 23.8 | 24.5 | 25.2 | 0 |
| Profit before tax | −15.6 | −27.3 | −75.1 | −6.8 | 5.9 | −25.1 | −366 | 0 |
| Tax | −2.5 | −1.3 | −3.8 | 6.8 | 6.3 | 0.3 | −7.1 | 0 |
| Net profit | −13.1 | −26 | −71.3 | −13.6 | −0.4 | −25.4 | −359 | 0 |
| Net margin | -10.3% | -20.0% | -32.4% | -4.7% | -0.1% | -9.3% | -119.6% | – |
| EPS (₹) | -0.80 | -1.60 | -4.38 | -0.83 | -0.03 | -1.56 | -22.08 | 0.00 |
| Net profit YoY | +49.7% | +63.6% | −425.2% | −3169.2% | +98.4% | +92.9% | – | – |
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 |
|---|---|---|---|---|---|
| Operating cash flow | 0.2 | −19.2 | 46 | 46.3 | 56.9 |
| Investing cash flow | 4.2 | 11.4 | −19.4 | −3 | 1.3 |
| Financing cash flow | −5.8 | 5.5 | −27.7 | −44.8 | −54.5 |
| Capital expenditure | 1.8 | 2.8 | 20.9 | 4.4 | 1.8 |
| Free cash flow (CFO − capex) | −1.6 | −22 | 25.1 | 41.9 | 55.1 |
Net profit trend
annual, ₹ croreFY21
₹−25.4
FY22
₹−0.4+98%
FY23
₹−13.6−3169%
FY24
₹−71.3−425%
FY25
₹−26+64%
FY26
₹−13.1+50%
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 | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 7 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 8 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-60.1×
P/B5Y avg 4.45×-8.88×
ROEFY26, on average equity2017.3%
Net margin-10.3%
Debt / equity-6.48×
Revenue CAGR (3Y)-23.7%
Profit CAGR (3Y)–
EPS (TTM)₹-0.12
Market cap₹115 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
-8.88×
vs 8-point avg 4.45× (−300%)
-8.88× low4.45× avg11.02× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹294 Cr+4%
Net worth₹-13 Cr−211%
Total borrowings₹84 Cr+4%
Cash & bank balances₹0 Cr−89%
Investments₹0 Cr
Inventories₹17 Cr+5%
Trade receivables₹33 Cr+53%
Trade payables₹58 Cr+35%
Change vs the same date a year earlier.
Revenue mix FY26
Manufacturing50.3%result ₹−9.4 Cr
Services49.7%result ₹4.4 Cr
Segment revenue as reported, before inter-segment eliminations.