Quarterly results
consolidated · as filed with NSE · Q4 FY26 back to Q1 FY19
| ₹ crore | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | 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 | Q3 FY19 | Q1 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0.1 | 1.4 | 1.3 | 1.3 | 1.4 | 35.5 | 58.4 | 78.4 | 73.3 | 80.7 | 78.4 | 91.5 | 87.2 | 100 | 116 | 143 | 142 | 116 | 112 | 144 | 124 | 99.7 | 67.3 | 100 | 91 | 85 | 99.1 | 102 |
| Other income | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.2 | 0.5 | 0 | 0.2 | 0 | 0.3 | 0.1 | 0.3 | 0.1 | 0.5 | 0.2 | 0.3 | 0.2 | 1.7 | 0 | 0.2 | 0 | 1.2 | 0 | 0.1 | 0.1 | 0.1 |
| Total expenses | 6.2 | 6.5 | 11.3 | 6.5 | 21.2 | 47.7 | 72.1 | 87.5 | 75.5 | 83.2 | 80.9 | 94.9 | 96.3 | 118 | 121 | 143 | 136 | 112 | 110 | 135 | 120 | 101 | 64.9 | 94.6 | 89.8 | 80.3 | 88.8 | 90.6 |
| EBITDA | −2.2 | 0.8 | −1.1 | −0.2 | −15.2 | −7.4 | −9.1 | −4.4 | 2.5 | 2 | 2 | 1.6 | −4.8 | −13.3 | −1.1 | 4.2 | 9.4 | 8 | 6.3 | 14 | 8.7 | 2.5 | 6.6 | 10.8 | 5.7 | 8.9 | 15.1 | 14.9 |
| EBITDA margin | -3349.2% | 56.3% | -82.2% | -15.4% | -1107.3% | -20.7% | -15.5% | -5.6% | 3.4% | 2.5% | 2.6% | 1.8% | -5.5% | -13.3% | -0.9% | 3.0% | 6.6% | 6.9% | 5.6% | 9.7% | 7.0% | 2.5% | 9.8% | 10.8% | 6.3% | 10.5% | 15.2% | 14.6% |
| Finance costs | 2.1 | 4.1 | 5.3 | 3.2 | 2.9 | 3 | 2.7 | 2.9 | 2.8 | 2.8 | 2.6 | 3.2 | 2.6 | 2.7 | 2.5 | 2.4 | 2.5 | 2.3 | 2.4 | 3.3 | 2.7 | 2.7 | 2.6 | 4.1 | 2.4 | 2.6 | 3.3 | 2.7 |
| Depreciation | 1.7 | 1.8 | 3.7 | 1.9 | 1.8 | 1.8 | 1.9 | 1.8 | 1.8 | 1.8 | 1.9 | 1.7 | 1.7 | 1.6 | 1.7 | 1.8 | 1.8 | 1.8 | 1.7 | 2 | 1.8 | 1.6 | 1.6 | 1.1 | 2.1 | 1.6 | 1.5 | 1.1 |
| Profit before tax | −6.1 | −5.1 | −10 | −5.3 | −19.9 | −12.1 | −13.4 | −8.6 | −2.2 | −2.4 | −2.5 | −3 | −9 | −17.3 | −5.3 | 0.5 | 5.3 | 4.3 | 2.4 | 10.4 | 4.3 | −1.6 | 2.4 | 6.7 | 1.3 | 4.8 | 10.5 | 11.2 |
| Tax | 0 | 0 | 0 | 0 | 8.1 | −4.2 | −3.9 | −2.5 | −0.6 | −0.7 | −0.6 | −1.6 | −2.4 | −5.2 | −1.4 | 0.2 | 1.8 | 1.6 | 0.5 | 3.6 | 1.5 | −0.4 | 0.5 | 3.8 | −0.8 | 1.3 | 3 | 2.1 |
| Net profit | −6.1 | −5.1 | −10 | −5.3 | −27.9 | −7.9 | −9.5 | −6.1 | −1.5 | −1.7 | −1.9 | −1.4 | −6.6 | −12.1 | −3.9 | 0.3 | 3.4 | 2.7 | 1.8 | 6.8 | 2.8 | −1.2 | 1.8 | 2.8 | 2.1 | 3.5 | 7.5 | 9.1 |
| Net margin | -9134.8% | -349.3% | -783.2% | -411.4% | -2040.1% | -22.3% | -16.3% | -7.8% | -2.1% | -2.1% | -2.4% | -1.5% | -7.5% | -12.1% | -3.4% | 0.2% | 2.4% | 2.3% | 1.6% | 4.7% | 2.3% | -1.2% | 2.7% | 2.8% | 2.3% | 4.1% | 7.6% | 9.0% |
| EPS (₹) | -1.31 | -1.09 | -2.15 | -1.13 | -6.01 | -1.70 | -2.05 | -1.31 | -0.33 | -0.35 | 0.00 | -0.30 | -1.42 | -2.58 | -0.84 | 0.06 | 0.73 | 0.58 | 0.40 | 1.45 | 0.61 | -0.26 | 0.39 | 0.61 | 0.45 | 0.76 | 1.61 | 1.96 |
| Net profit YoY | – | +81.9% | −26.4% | +44.7% | −1720.4% | −378.4% | −404.0% | −342.5% | +76.7% | +86.3% | +51.8% | −534.4% | −292.7% | −551.3% | −312.6% | −95.3% | +20.1% | +322.7% | +0.3% | +140.0% | +37.0% | −134.0% | – | – | −72.3% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Revenue from operations | 2.8 | 311 | 395 | 513 | 435 | 359 |
| Other income | 0 | 0.8 | 0.8 | 1.2 | 1.9 | 1.4 |
| Total expenses | 24 | 327 | 430 | 502 | 422 | 340 |
| EBITDA | −2.5 | 2.1 | −17.5 | 27.9 | 31.8 | 36 |
| EBITDA margin | -88.7% | 0.7% | -4.4% | 5.4% | 7.3% | 10.0% |
| Finance costs | 11.6 | 11.2 | 11 | 9.7 | 11.3 | 11.3 |
| Depreciation | 7.2 | 7.3 | 6.8 | 7 | 6.9 | 6.2 |
| Profit before tax | −21.2 | −15.6 | −34.6 | 12.4 | 15.6 | 19.8 |
| Tax | 0 | −4.4 | −10.6 | 4.2 | 5.3 | 6.4 |
| Net profit | −21.2 | −11.2 | −23.9 | 8.2 | 10.3 | 13.4 |
| Net margin | -758.4% | -3.6% | -6.1% | 1.6% | 2.4% | 3.7% |
| EPS (₹) | -4.56 | -2.41 | -5.14 | 1.77 | 2.20 | 2.89 |
| Net profit YoY | – | +53.2% | −390.3% | −19.7% | −23.5% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating cash flow | 14.3 | 11.9 | 11.1 | −9.9 |
| Investing cash flow | 0 | −1.1 | −9.6 | −3.1 |
| Financing cash flow | −14.4 | −10.7 | −0.2 | 11.3 |
| Capital expenditure | −0 | 1.9 | 10.6 | 3.7 |
| Free cash flow (CFO − capex) | 14.2 | 10 | 0.6 | −13.6 |
Net profit trend
annual, ₹ croreFY20
₹13.4
FY21
₹10.3−23%
FY22
₹8.2−20%
FY23
₹−23.9−390%
FY24
₹−11.2+53%
FY26
₹−21.2−89%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q4 FY26 | Consolidated · audited | 2 Jun 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 2 Jun 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 24 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 24 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 30 May 2025 | PDF XBRL |
| Q3 FY25 | Consolidated | 17 Feb 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-0.5×
P/B5Y avg 0.70×0.20×
ROEFY26, on average equity-19.6%
Net margin-758.4%
Debt / equity1.13×
Revenue CAGR (3Y)-82.4%
Profit CAGR (3Y)–
EPS (TTM)₹-5.69
Market cap₹14 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.20×
vs 7-point avg 0.70× (−71%)
0.20× low0.70× avg1.04× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹203 Cr−31%
Net worth₹68 Cr−54%
Total borrowings₹77 Cr−7%
Cash & bank balances₹0 Cr−99%
Investments₹1 Cr−55%
Inventories₹16 Cr−64%
Trade receivables₹21 Cr−61%
Trade payables₹35 Cr−43%
Change vs the same date a year earlier.