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 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 125 | 208 | 207 | 408 | 175 | 222 | 172 | 193 | 146 | 140 | 125 | 144 | 114 | 101 | 51.8 | 100 | 47.2 | 89.1 | 52 | 133 | 29.5 | 86.8 | 30.1 | 70.1 |
| Other income | 0.5 | 0.2 | 0.2 | 2.7 | 2.3 | 0.7 | 0.8 | 1.4 | 2.6 | 1.6 | 0.5 | 0.5 | 0.2 | 0.3 | 0.4 | 2.4 | 0.4 | 0.6 | 0.4 | 1.2 | 0.8 | 0.8 | 0.8 | 1 |
| Total expenses | 125 | 179 | 173 | 332 | 142 | 179 | 140 | 157 | 119 | 112 | 101 | 118 | 95.5 | 83.7 | 45.6 | 79.6 | 39.4 | 69.3 | 42.6 | 101 | 25.4 | 71 | 24.1 | 56.5 |
| EBITDA | 9.5 | 38.2 | 44.1 | 91.8 | 40.4 | 49.6 | 38.9 | 43.3 | 33 | 31.4 | 28 | 30.2 | 22.6 | 20.5 | 9.4 | 23.8 | 11 | 22.7 | 12.5 | 35.5 | 6.8 | 18.2 | 8.3 | 15.9 |
| EBITDA margin | 7.6% | 18.4% | 21.3% | 22.5% | 23.0% | 22.4% | 22.7% | 22.4% | 22.6% | 22.4% | 22.4% | 20.9% | 19.8% | 20.3% | 18.2% | 23.8% | 23.3% | 25.5% | 24.0% | 26.7% | 22.9% | 21.0% | 27.6% | 22.6% |
| Finance costs | 1.6 | 2.2 | 3.5 | 3 | 0.9 | 0.6 | 0.7 | 0.9 | 1 | 0.2 | 0 | 0.3 | 0.5 | 0.3 | 0.3 | 0.5 | 0.3 | 0 | 0.2 | 0.1 | 0 | 0.2 | 0.1 | 0 |
| Depreciation | 7.4 | 7.6 | 7 | 13.2 | 6.5 | 6.3 | 6.2 | 5.9 | 5.5 | 3.6 | 3.5 | 3.5 | 3.2 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 3.3 | 2.6 | 2.3 | 2.2 | 2.2 |
| Profit before tax | 0.9 | 28.7 | 32.3 | 78.3 | 35.3 | 43.4 | 32.8 | 37.9 | 29.1 | 29.2 | 25 | 26.8 | 19.1 | 17.5 | 6.5 | 22.7 | 8.2 | 20.3 | 9.8 | 33.2 | 4.9 | 16.5 | 6.8 | 14.7 |
| Tax | 0.4 | 2.2 | 6.7 | 20 | 9 | 11.9 | 2.6 | 5.4 | 5.1 | 7.5 | 6.4 | 7.4 | 5.2 | 4.6 | 1.4 | −9.6 | 2.2 | 4.6 | 1.9 | 5.7 | −4.2 | 4.8 | 1.6 | 6.2 |
| Net profit | 0.6 | 26.5 | 25.5 | 58.3 | 26.3 | 31.5 | 30.2 | 32.5 | 24 | 21.7 | 18.6 | 19.5 | 13.9 | 12.9 | 5.2 | 32.4 | 6.1 | 15.7 | 7.9 | 27.6 | 9.1 | 11.7 | 5.2 | 8.4 |
| Net margin | 0.5% | 12.8% | 12.3% | 14.3% | 15.0% | 14.2% | 17.6% | 16.8% | 16.5% | 15.5% | 14.8% | 13.5% | 12.1% | 12.8% | 10.0% | 32.4% | 12.8% | 17.7% | 15.2% | 20.8% | 30.9% | 13.4% | 17.2% | 12.0% |
| EPS (₹) | 0.28 | 13.25 | 12.75 | 29.12 | 13.11 | 15.75 | 15.11 | 16.26 | 12.07 | 21.92 | 18.74 | 19.15 | 14.56 | 0.00 | 5.22 | 32.71 | 6.12 | 15.97 | 8.03 | 27.03 | 8.92 | 11.43 | 5.10 | 8.28 |
| Net profit YoY | −97.8% | −15.8% | −15.5% | +79.2% | +9.3% | – | – | +49.8% | +29.4% | +68.0% | +259.7% | −39.8% | +129.1% | −17.9% | −34.7% | +17.4% | −33.5% | +34.9% | +51.9% | +226.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Revenue from operations | 822 | 733 | 411 | 288 | 279 | 245 |
| Other income | 3.1 | 5.1 | 1.2 | 3.8 | 3.6 | 4.1 |
| Total expenses | 685 | 735 | 343 | 231 | 221 | 187 |
| EBITDA | 174 | 150 | 82.7 | 70 | 68.8 | 68.6 |
| EBITDA margin | 21.2% | 20.4% | 20.1% | 24.3% | 24.6% | 28.0% |
| Finance costs | 8.7 | 23.8 | 1.4 | 1 | 0.3 | 0.8 |
| Depreciation | 27.8 | 128 | 12.5 | 11.6 | 10.5 | 8.9 |
| Profit before tax | 139 | 2.8 | 70 | 61.1 | 61.5 | 63 |
| Tax | 28.9 | 24.9 | 18.6 | −0.9 | 7.9 | 20 |
| Net profit | 110 | −22.1 | 51.4 | 62.1 | 53.5 | 43 |
| Net margin | 13.4% | -3.0% | 12.5% | 21.5% | 19.2% | 17.5% |
| EPS (₹) | 55.12 | 59.25 | 52.01 | 62.83 | 52.51 | 42.13 |
| Net profit YoY | +600.4% | – | −17.1% | +15.9% | +24.6% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY23 | FY22 |
|---|---|---|---|---|
| Operating cash flow | 2.2 | −148 | 30 | 74 |
| Investing cash flow | −36.4 | 21.9 | −33.4 | −61.3 |
| Financing cash flow | 35.8 | −30.5 | 25 | −7.1 |
| Capital expenditure | 52.9 | 44.6 | 74.9 | 41.6 |
| Free cash flow (CFO − capex) | −50.7 | −192 | −44.9 | 32.5 |
Net profit trend
annual, ₹ croreFY20
₹43
FY21
₹53.5+25%
FY22
₹62.1+16%
FY23
₹51.4−17%
FY25
₹−22.1−143%
FY26
₹110+600%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 6 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 6 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 | 3 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 3 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF XBRL |
| Q2 FY26 | Consolidated | – | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF XBRL |
| Q2 FY26 | Standalone | 10 Nov 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 24.3×30.3×
P/B5Y avg 5.79×4.86×
ROEFY26, on average equity16.9%
Net margin13.4%
Debt / equity0.16×
Revenue CAGR (3Y)41.8%
Profit CAGR (3Y)21.2%
EPS (TTM)₹55.39
Market cap₹3,359 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.86×
vs 7-point avg 5.79× (−16%)
2.05× low5.79× avg11.38× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹971 Cr+5%
Net worth₹691 Cr+13%
Total borrowings₹108 Cr+266%
Cash & bank balances₹4 Cr+61%
Investments₹0 Cr−100%
Inventories₹101 Cr−32%
Trade receivables₹416 Cr+47%
Trade payables₹85 Cr−4%
Change vs the same date a year earlier.