Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q3 FY19 | Q2 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 134 | 111 | 137 | 135 | 120 | 119 | 110 | 126 | 105 | 104 | 101 | 109 | 123 | 178 | 117 | 105 | 64.7 | 37.2 | 33.9 | 19.6 | 29.5 | 36.2 | 34.2 | 14.9 | 39.9 | 53.8 | 71.5 | 51.6 | 42.9 | 50.6 | 65.2 |
| Other income | 3.8 | 3.9 | 3.3 | 4.3 | 4.9 | 3.6 | 4.5 | 4.8 | 3.2 | 4.6 | 3.5 | 5 | 2.8 | 3 | 2.8 | 5.4 | 2.3 | 1.5 | 3.8 | 1.3 | 1.9 | 1.3 | 1.6 | 1.9 | 1.6 | 1.4 | 1.2 | 1.3 | 0.4 | 1.3 | 2.7 |
| Total expenses | 127 | 110 | 126 | 130 | 116 | 113 | 106 | 121 | 100 | 102 | 94 | 98.1 | 111 | 145 | 96.3 | 92.3 | 56.9 | 31.2 | 25.7 | 18.1 | 22 | 28.7 | 33.3 | 25.3 | 52.5 | 47.2 | 57 | 48.4 | 42.3 | 41 | 59.5 |
| EBITDA | 9.1 | 2.9 | 13.6 | 7.6 | 7.3 | 7.8 | 6.4 | 7.8 | 7 | 4.8 | 9.1 | 13.6 | 13.9 | 35 | 22.7 | 14.4 | 9.7 | 7.5 | 9.7 | 3.1 | 9.3 | 10.9 | 4.7 | −6.4 | −8.9 | 10.3 | 17.9 | 6.9 | 3.3 | 12.4 | 8.5 |
| EBITDA margin | 6.8% | 2.6% | 9.9% | 5.7% | 6.1% | 6.6% | 5.8% | 6.1% | 6.7% | 4.6% | 9.0% | 12.4% | 11.3% | 19.6% | 19.3% | 13.7% | 15.0% | 20.2% | 28.6% | 15.7% | 31.7% | 30.1% | 13.6% | -42.8% | -22.4% | 19.1% | 25.0% | 13.4% | 7.8% | 24.5% | 13.0% |
| Finance costs | 0.4 | 0.3 | 0.4 | 0.6 | 0.4 | 0.1 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0.5 | 0.7 | 0.3 | 0.2 | 0.4 | 0.3 | 0 | 0 | 0 |
| Depreciation | 2.2 | 1.9 | 2 | 2 | 2 | 1.9 | 2.2 | 2.2 | 2.2 | 2.4 | 2.1 | 2 | 1.9 | 1.7 | 1.5 | 1.6 | 1.8 | 1.5 | 1.5 | 1.6 | 1.9 | 3 | 3.2 | 3.3 | 3.3 | 3.5 | 3 | 3.4 | 2.7 | 2.8 | 2.8 |
| Profit before tax | 10.3 | 4.6 | 12.1 | 9.2 | 9.5 | 9.3 | 8.6 | 9.7 | 7.2 | 4 | 9.1 | 16 | 11.2 | 36.1 | 24 | 18.1 | 10.1 | 7.5 | 12 | 2.8 | 9.3 | 8.8 | 2.5 | −8.5 | −10.9 | 8 | 15.7 | 4.4 | 1 | 10.9 | 8.4 |
| Tax | 2.7 | 2.8 | 3.5 | 2.7 | 2.8 | 4.4 | 5 | 4.2 | 2.1 | 1.3 | 2.3 | 4.6 | 3.1 | 2.8 | 6.3 | 4.5 | −15.5 | 1.9 | 4 | 0.4 | −2 | 1.6 | 0.7 | −1.9 | −3.7 | 1.3 | 4.7 | 1.4 | −0.7 | 2.7 | 1.2 |
| Net profit | 7.6 | 1.8 | 8.6 | 6.5 | 6.7 | 4.9 | 3.6 | 5.5 | 5.1 | 2.8 | 6.7 | 11.4 | 8.1 | 33.4 | 17.8 | 13.6 | 25.5 | 12.8 | 11.3 | −0.2 | 9.7 | 7.2 | 1.8 | −6.5 | −7.3 | 6.7 | 11 | 3.1 | 1.7 | 8.2 | 7.3 |
| Net margin | 5.7% | 1.6% | 6.2% | 4.8% | 5.6% | 4.2% | 3.2% | 4.3% | 4.8% | 2.6% | 6.7% | 10.5% | 6.6% | 18.7% | 15.1% | 12.9% | 39.5% | 34.3% | 33.3% | -0.9% | 33.0% | 20.0% | 5.4% | -44.0% | -18.2% | 12.5% | 15.3% | 6.0% | 4.0% | 16.3% | 11.1% |
| EPS (₹) | 1.32 | 0.31 | 1.48 | 1.11 | 1.16 | 0.85 | 0.62 | 0.95 | 0.87 | 0.48 | 1.16 | 1.97 | 1.96 | 8.06 | 4.29 | 3.28 | 6.24 | 1.39 | 1.98 | 0.59 | 2.81 | 1.79 | 0.46 | -1.62 | -1.83 | 1.69 | 2.75 | 0.77 | 0.43 | 2.06 | 1.82 |
| Net profit YoY | +13.6% | −64.0% | +139.2% | +17.4% | +33.1% | +79.6% | −47.0% | −51.9% | −37.7% | −91.7% | −62.0% | −15.7% | – | +30.6% | +39.3% | +19.8% | +163.0% | +76.3% | +513.3% | +97.2% | +233.5% | +7.5% | −83.2% | −312.2% | – | +291.3% | +33.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 503 | 460 | 437 | 457 | 226 | 89 | 217 | 229 |
| Other income | 16.4 | 16 | 15.9 | 13.2 | 10.7 | 6.7 | 5.4 | 5.1 |
| Total expenses | 482 | 441 | 405 | 388 | 193 | 78.3 | 205 | 213 |
| EBITDA | 31.5 | 29 | 41.4 | 75.7 | 41.2 | 20.3 | 26.1 | 27.2 |
| EBITDA margin | 6.3% | 6.3% | 9.5% | 16.6% | 18.2% | 22.8% | 12.0% | 11.9% |
| Finance costs | 1.8 | 1 | 1.4 | 0.1 | 0.2 | 1.4 | 1.1 | 0.1 |
| Depreciation | 8 | 8.5 | 8.4 | 6.5 | 8.3 | 8.2 | 13.2 | 11.3 |
| Profit before tax | 35.4 | 34.7 | 40.4 | 82.3 | 43.4 | 17.4 | 17.2 | 36.6 |
| Tax | 11.9 | 15.7 | 11.3 | 14.6 | −6 | −0.2 | 3.7 | 3.7 |
| Net profit | 23.5 | 19.1 | 29 | 67.7 | 49.4 | 12.3 | 13.5 | 32.9 |
| Net margin | 4.7% | 4.1% | 6.6% | 14.8% | 21.9% | 13.8% | 6.2% | 14.3% |
| EPS (₹) | 4.06 | 3.29 | 5.01 | 16.36 | 12.07 | 4.34 | 3.38 | 8.24 |
| Net profit YoY | +23.3% | −34.3% | −57.1% | +36.9% | +303.2% | −9.2% | – | – |
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 | 23.6 | 20.1 | −8.4 | 98.7 | 45 |
| Investing cash flow | 8 | 16 | −23.5 | −54.2 | −1 |
| Financing cash flow | −29.9 | −28.5 | −27.8 | −20.8 | −6.1 |
| Capital expenditure | 2.6 | 7.2 | 13.6 | 6.8 | 6.1 |
| Free cash flow (CFO − capex) | 21 | 12.9 | −22 | 91.8 | 38.9 |
Net profit trend
annual, ₹ croreFY21
₹12.3
FY22
₹49.4+303%
FY23
₹67.7+37%
FY24
₹29−57%
FY25
₹19.1−34%
FY26
₹23.5+23%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 5 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 5 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 20 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 20 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 4 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 4 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 30.0×21.6×
P/B5Y avg 4.29×2.13×
ROEFY26, on average equity9.4%
Net margin4.7%
Debt / equity0.00×
Revenue CAGR (3Y)3.3%
Profit CAGR (3Y)-29.7%
EPS (TTM)₹4.21
Market cap₹529 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.13×
vs 8-point avg 4.29× (−50%)
1.64× low4.29× avg6.49× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹428 Cr+10%
Net worth₹249 Cr−1%
Total borrowings₹0 Cr
Cash & bank balances₹27 Cr+7%
Investments₹2 Cr−8%
Inventories₹0 Cr−34%
Trade receivables₹67 Cr+86%
Trade payables₹60 Cr+161%
Change vs the same date a year earlier.
Revenue mix FY26
Retail77.3%result ₹57.9 Cr
Institutional22.7%result ₹2.8 Cr
Segment revenue as reported, before inter-segment eliminations.