Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY20
| ₹ 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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q4 FY20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 993 | 983 | 858 | 941 | 932 | 953 | 864 | 886 | 1,006 | 1,469 | 1,253 | 1,359 | 1,410 | 1,562 | 1,706 | 1,699 | 2,011 | 2,130 | 1,905 | 1,264 | 1,467 | 1,213 | 748 |
| Other income | 5.1 | 12.9 | 0.7 | 53.7 | 7 | 85.1 | 6.8 | 13.1 | 6 | 7.9 | 0 | 10.2 | 5.4 | 8.2 | 4.2 | 30.5 | 20.6 | 12.9 | 5.9 | 5.5 | 11.8 | 7.5 | 16.8 |
| Total expenses | 1,153 | 1,189 | 1,076 | 1,162 | 1,136 | 1,206 | 1,139 | 1,161 | 1,219 | 1,697 | 1,482 | 1,544 | 1,642 | 1,867 | 1,959 | 1,920 | 2,059 | 2,142 | 1,994 | 1,367 | 1,484 | 1,256 | 1,029 |
| EBITDA | 57.4 | 3.7 | 0.3 | 4.6 | 20.2 | −23 | −41.7 | −45.5 | 20.8 | 5.6 | −5.5 | 35.9 | 12.3 | −69.5 | −42.4 | −11.3 | 154 | 197 | 114 | 99.5 | 152 | 140 | −101 |
| EBITDA margin | 5.8% | 0.4% | 0.0% | 0.5% | 2.2% | -2.4% | -4.8% | -5.1% | 2.1% | 0.4% | -0.4% | 2.6% | 0.9% | -4.4% | -2.5% | -0.7% | 7.6% | 9.3% | 6.0% | 7.9% | 10.4% | 11.5% | -13.5% |
| Finance costs | 151 | 149 | 153 | 157 | 156 | 156 | 158 | 158 | 156 | 156 | 144 | 142 | 154 | 143 | 121 | 120 | 115 | 124 | 119 | 118 | 120 | 127 | 58.9 |
| Depreciation | 66.8 | 61.5 | 65.4 | 68.3 | 68.2 | 74.6 | 74.6 | 71.8 | 77.1 | 77.2 | 79.1 | 78.6 | 89.7 | 92.2 | 90.6 | 90.7 | 86.2 | 86.6 | 84.8 | 84.5 | 49.3 | 55.4 | 121 |
| Profit before tax | −138 | −193 | −217 | −162 | −171 | −74.1 | −268 | −262 | −207 | −220 | −229 | −175 | −226 | −297 | −250 | −191 | −27.3 | 0.2 | −83.9 | −97.4 | −656 | −34.8 | −528 |
| Tax | 0 | −1 | 0 | 0 | 0 | 0.1 | 4.9 | 0 | 0 | −4.1 | 1.2 | 0 | 0 | 0.5 | 0 | 0 | −0.8 | 0 | 0 | −0 | −156 | 0 | −2.3 |
| Net profit | −138 | −193 | −218 | −162 | −172 | −74.5 | −273 | −262 | −207 | −216 | −230 | −175 | −226 | −298 | −250 | −192 | −26.8 | −0.1 | −84.1 | −97.7 | −500 | −35.1 | −525 |
| Net margin | -13.9% | -19.6% | -25.4% | -17.3% | -18.4% | -7.8% | -31.6% | -29.6% | -20.6% | -14.7% | -18.3% | -12.9% | -16.0% | -19.1% | -14.6% | -11.3% | -1.3% | -0.0% | -4.4% | -7.7% | -34.1% | -2.9% | -70.2% |
| EPS (₹) | -0.28 | -0.39 | -0.44 | -0.33 | -0.35 | -0.15 | -0.55 | -0.53 | -0.42 | -0.43 | -0.46 | -0.35 | -0.46 | -0.60 | -0.50 | -0.39 | -0.05 | 0.00 | -0.17 | -0.20 | -1.01 | -0.07 | 2.03 |
| Net profit YoY | +19.4% | −158.5% | +20.3% | +38.0% | +17.1% | +65.5% | −18.7% | −49.9% | +8.5% | +27.4% | +8.0% | +8.7% | – | −1011.9% | −277488.9% | −127.7% | +94.6% | +99.7% | – | – | +4.8% | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,715 | 3,709 | 5,510 | 6,937 | 7,310 | 3,848 | 3,329 |
| Other income | 74.2 | 111 | 23.2 | 64.7 | 44.9 | 26.6 | 39.1 |
| Total expenses | 4,564 | 4,724 | 6,382 | 7,881 | 7,563 | 4,435 | 4,111 |
| EBITDA | 28.8 | −89.4 | 48.7 | −77.6 | 565 | 197 | −127 |
| EBITDA margin | 0.8% | -2.4% | 0.9% | -1.1% | 7.7% | 5.1% | -3.8% |
| Finance costs | 615 | 628 | 596 | 501 | 476 | 489 | 114 |
| Depreciation | 263 | 298 | 325 | 365 | 342 | 295 | 542 |
| Profit before tax | −744 | −810 | −849 | −879 | −208 | −4,453 | −1,487 |
| Tax | −1 | 5 | −2.9 | 0.5 | −0.8 | 1,219 | −2.3 |
| Net profit | −744 | −816 | −847 | −880 | −209 | −5,673 | −1,485 |
| Net margin | -20.0% | -22.0% | -15.4% | -12.7% | -2.9% | -147.5% | -44.6% |
| EPS (₹) | -1.50 | -1.64 | -1.71 | -1.77 | -0.42 | -15.19 | 9.05 |
| Net profit YoY | +8.9% | +3.6% | +3.8% | −322.1% | +96.3% | −282.0% | – |
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 | 419 | 116 | −1,161 | 813 | 185 |
| Investing cash flow | −126 | 276 | −170 | −12.6 | −68.4 |
| Financing cash flow | −266 | −348 | 1,364 | −687 | −293 |
| Capital expenditure | 242 | 79.4 | 36.2 | 44.2 | 107 |
| Free cash flow (CFO − capex) | 177 | 36.8 | −1,197 | 769 | 77.9 |
Net profit trend
annual, ₹ croreFY21
₹−5,673
FY22
₹−209+96%
FY23
₹−880−322%
FY24
₹−847+4%
FY25
₹−816+4%
FY26
₹−744+9%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 16 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 16 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 16 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 16 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 15 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 15 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 16 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 16 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 17 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-5.2×
P/B-0.17×
ROEFY26, on average equity3.5%
Net margin-20.0%
Debt / equity-1.21×
Revenue CAGR (3Y)-18.8%
Profit CAGR (3Y)–
EPS (TTM)₹-1.43
Market cap₹3,724 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₹6,475 Cr−4%
Net worth₹-21,528 Cr−4%
Total borrowings₹26,105 Cr+1%
Cash & bank balances₹29 Cr+19%
Investments₹0 Cr+0%
Inventories₹886 Cr+2%
Trade receivables₹318 Cr−28%
Trade payables₹567 Cr+38%
Change vs the same date a year earlier.
Revenue mix Q3 FY21
Textiles100.0%result ₹91.9 Cr
Segment revenue as reported, before inter-segment eliminations.