Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 271 | 338 | 235 | 102 | 115 | 215 | 91.7 | 97.7 | 60.2 | 119 | 94.8 | 45.5 | 46 | 28.7 | 28.9 | 24.9 | 27.4 | 61.9 | 70 |
| Other income | 3.3 | 1.6 | 4.1 | 1.2 | 2 | 1.7 | 1.6 | 0.9 | 1.3 | 0.8 | 0.6 | 2.1 | 2.7 | 1.6 | 0.7 | 0.7 | 1.1 | 0.5 | 0.8 |
| Total expenses | 258 | 299 | 216 | 100 | 110 | 190 | 83.7 | 87.2 | 59.3 | 99 | 84.7 | 46.6 | 52.1 | 37 | 38.4 | 38.9 | 39 | 52.3 | 64.7 |
| EBITDA | 21.1 | 47.7 | 28 | 8.1 | 11.5 | 31.5 | 13.1 | 15.3 | 6.2 | 24.6 | 15 | 3.6 | −1.3 | −3.2 | −2.9 | −7.3 | −5.3 | 16.6 | 12.5 |
| EBITDA margin | 7.8% | 14.1% | 11.9% | 8.0% | 9.9% | 14.6% | 14.3% | 15.7% | 10.3% | 20.7% | 15.9% | 7.8% | -2.9% | -11.3% | -10.2% | -29.1% | -19.5% | 26.8% | 17.8% |
| Finance costs | 3.8 | 3.4 | 4.1 | 1.7 | 1.5 | 1.6 | 0.7 | 0.6 | 1 | 0.5 | 0.7 | 0.5 | 0.4 | 0.4 | 1.1 | 0.8 | 0.2 | 0.2 | 0.2 |
| Depreciation | 4.4 | 5.1 | 4.3 | 4.7 | 4.7 | 4.7 | 4.5 | 4.3 | 4.3 | 4.3 | 4.2 | 4.2 | 4.3 | 4.6 | 5.5 | 5.9 | 6 | 6.8 | 7 |
| Profit before tax | 16.3 | 38.1 | 23.6 | −2.7 | 7.3 | 26.9 | 9.5 | 11.3 | 2.2 | 18.9 | 10.6 | 1 | −3.3 | −6.7 | −8.7 | −19.3 | −10.4 | 10.1 | 6.1 |
| Tax | 4.4 | 7.1 | 6.4 | 1.3 | 2.2 | 6.6 | 3 | 3.5 | 1 | 4.6 | −2.5 | 0 | 0 | 0 | 2 | −0.1 | −2 | 1.1 | 1.6 |
| Net profit | 12.8 | 32.7 | 17.5 | −3 | 5.6 | 22.6 | 8.2 | 9.3 | 2.1 | 14.7 | 13.7 | 1.2 | −3 | −6.7 | −10.4 | −18.9 | −8.5 | 9 | 4.5 |
| Net margin | 4.7% | 9.7% | 7.4% | -3.0% | 4.9% | 10.5% | 9.0% | 9.5% | 3.4% | 12.4% | 14.5% | 2.6% | -6.6% | -23.3% | -36.0% | -75.7% | -30.8% | 14.5% | 6.4% |
| EPS (₹) | 2.53 | 7.14 | 3.92 | -0.87 | 1.24 | 5.04 | 1.85 | 2.20 | 0.51 | 3.62 | 3.60 | 0.28 | -0.81 | -1.74 | -2.78 | -5.01 | -2.24 | 2.37 | 1.18 |
| Net profit YoY | +126.5% | +44.8% | +112.5% | −132.6% | +172.9% | +53.7% | −40.0% | +679.2% | +168.0% | +319.2% | +232.1% | +106.3% | +64.1% | −174.7% | −331.4% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 791 | 465 | 305 | 110 | 260 |
| Other income | 8.9 | 5.4 | 6.2 | 4.1 | 2.8 |
| Total expenses | 725 | 420 | 282 | 153 | 223 |
| EBITDA | 95.4 | 66.1 | 41.8 | −18.8 | 66.3 |
| EBITDA margin | 12.1% | 14.2% | 13.7% | -17.1% | 25.5% |
| Finance costs | 10.7 | 3.8 | 2.1 | 2.5 | 0.8 |
| Depreciation | 18.9 | 17.7 | 17 | 22 | 27.7 |
| Profit before tax | 65.3 | 50 | 27.1 | −45.2 | 40.7 |
| Tax | 17 | 14 | 3.1 | −0.1 | 1.9 |
| Net profit | 51.8 | 42.2 | 25.5 | −44.4 | 38.8 |
| Net margin | 6.6% | 9.1% | 8.4% | -40.4% | 14.9% |
| EPS (₹) | 11.43 | 9.79 | 6.64 | -11.77 | 10.25 |
| Net profit YoY | +22.9% | +65.0% | +157.5% | −214.5% | – |
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 | 53 | −10.7 | −49.9 | −2.6 | 48.1 |
| Investing cash flow | −159 | −58.5 | −7.4 | −19.2 | −49.8 |
| Financing cash flow | 124 | 81.1 | 49.9 | 9.9 | 5.8 |
| Capital expenditure | 60.6 | 19 | 0 | 1.3 | 42.3 |
| Free cash flow (CFO − capex) | −7.7 | −29.7 | −49.9 | −3.9 | 5.8 |
Net profit trend
annual, ₹ croreFY22
₹38.8
FY23
₹−44.4−215%
FY24
₹25.5+157%
FY25
₹42.2+65%
FY26
₹51.8+23%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 19 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 19 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 | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 32.3×36.6×
P/B5Y avg 3.17×4.43×
ROEFY26, on average equity11.6%
Net margin6.6%
Debt / equity0.32×
Revenue CAGR (3Y)93.0%
Profit CAGR (3Y)–
EPS (TTM)₹13.34
Market cap₹2,189 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.43×
vs 8-point avg 3.17× (+40%)
1.52× low3.17× avg4.98× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹918 Cr+55%
Net worth₹494 Cr+24%
Total borrowings₹158 Cr+567%
Cash & bank balances₹109 Cr+446%
Investments₹0 Cr−100%
Inventories₹0 Cr+65%
Trade receivables₹348 Cr+55%
Trade payables₹230 Cr+61%
Change vs the same date a year earlier.
Revenue mix FY26
Oil and Gas80.0%result ₹102 Cr
Mineral and other energy services20.0%result ₹31.6 Cr
Segment revenue as reported, before inter-segment eliminations.