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 | Q1 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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 218 | 241 | 231 | 200 | 153 | 211 | 195 | 182 | 135 | 160 | 154 | 153 | 59.7 | 150 | 133 | 123 | 107 | 94.8 | 103 | 85.6 | 32.2 | 91.2 | 102 | 76.5 | 26.6 | 113 | 193 | 172 | 148 | 0 |
| Other income | 1.3 | 1 | 0.5 | 0.4 | 0.3 | 0.6 | 0.7 | 0.5 | 0.6 | 0.8 | 0.7 | 0.1 | 0.4 | 0 | 0.4 | 0.7 | 0.4 | 0.1 | 0.4 | 0.5 | 0.3 | 0.4 | 0.4 | 0.5 | 0.3 | 0.4 | 0.8 | 1 | 1 | 0 |
| Total expenses | 209 | 219 | 210 | 189 | 150 | 203 | 186 | 176 | 134 | 154 | 148 | 144 | 72.3 | 145 | 129 | 124 | 111 | 102 | 115 | 92.3 | 40.6 | 98.4 | 101 | 76.1 | 35.7 | 109 | 167 | 154 | 131 | 0 |
| EBITDA | 16.9 | 27.3 | 28.3 | 18.5 | 10 | 15.1 | 16.7 | 13 | 7.6 | 13.3 | 13.7 | 17.2 | −4.3 | 14.2 | 13.6 | 6.8 | 1.7 | −0.6 | −5.9 | −3.4 | −6.4 | −5.5 | 2.8 | 2.2 | −7.2 | 5.7 | 27.2 | 20.1 | 18.2 | 0 |
| EBITDA margin | 7.7% | 11.4% | 12.2% | 9.2% | 6.6% | 7.2% | 8.5% | 7.1% | 5.6% | 8.3% | 8.9% | 11.2% | -7.1% | 9.5% | 10.2% | 5.5% | 1.6% | -0.7% | -5.7% | -4.0% | -19.7% | -6.0% | 2.8% | 2.9% | -27.2% | 5.0% | 14.1% | 11.7% | 12.3% | – |
| Finance costs | 2.7 | 1.4 | 2.7 | 2.6 | 2.5 | 2.5 | 2.9 | 2.4 | 2.3 | 3.2 | 3.2 | 3 | 3.9 | 4.4 | 5.1 | 3.9 | 3.1 | 3.4 | 2.9 | 1.6 | 0.4 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.5 | 0.2 | 0 |
| Depreciation | 4.7 | 4.6 | 4.7 | 4.7 | 4.6 | 4.5 | 4.5 | 4.5 | 4.5 | 4.4 | 4.6 | 4.6 | 4.5 | 4.4 | 4.5 | 3.5 | 3.2 | 3.1 | 3.2 | 1.7 | 1.6 | 1.6 | 1.7 | 1.7 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 0 |
| Profit before tax | 10.8 | 22.2 | 20 | 11.6 | 3.3 | 8.8 | 10 | 6.5 | 1.4 | 6.5 | 6.7 | 9.8 | −12.2 | 5.5 | 4.4 | 0.1 | −4.2 | −7 | −11.6 | −6.2 | −8.2 | −6.8 | 1.3 | 0.9 | −8.8 | 4.2 | 26.2 | 19 | 17.4 | 0 |
| Tax | 2.7 | 3.9 | 5.4 | 3.3 | 1.2 | 2.9 | 2.9 | 2 | 0.6 | 1.6 | 2.2 | 2.7 | −2.8 | 2.1 | 0.8 | 0.2 | −0.5 | −1.2 | −2.8 | −1.7 | −1.7 | −1.6 | 0.3 | 0.3 | −2.1 | 0.5 | 6.7 | 1.3 | 6.2 | 0 |
| Net profit | 8 | 18.3 | 14.6 | 8.3 | 2.1 | 5.9 | 7.1 | 4.6 | 0.8 | 4.9 | 4.5 | 7.1 | −9.4 | 3.3 | 3.6 | −0.1 | −3.7 | −5.7 | −8.8 | −4.2 | −6.2 | −5.2 | 1.3 | 2.1 | −6.4 | 4 | 20 | 18 | 11.6 | 0 |
| Net margin | 3.7% | 7.6% | 6.3% | 4.1% | 1.3% | 2.8% | 3.7% | 2.5% | 0.6% | 3.0% | 2.9% | 4.7% | -15.8% | 2.2% | 2.7% | -0.1% | -3.4% | -6.0% | -8.6% | -4.9% | -19.3% | -5.6% | 1.2% | 2.7% | -23.9% | 3.5% | 10.4% | 10.4% | 7.9% | – |
| EPS (₹) | 2.86 | 5.33 | 5.52 | 3.30 | 1.06 | 2.12 | 2.57 | 1.65 | 0.27 | 1.92 | 1.58 | 2.73 | -4.16 | 1.72 | 1.75 | -0.01 | -1.67 | -2.62 | -4.02 | -1.91 | -2.83 | -2.35 | 0.57 | 0.94 | -2.89 | 1.81 | 9.13 | 8.19 | 5.29 | 0.00 |
| Net profit YoY | +290.3% | +211.0% | +104.8% | +81.0% | +171.1% | +20.7% | +59.3% | −35.9% | +108.1% | +46.1% | +25.6% | +6041.7% | −157.8% | +158.3% | +140.4% | +97.1% | +41.2% | −11.3% | −804.8% | −302.4% | +2.2% | −229.7% | −93.8% | −88.5% | −154.7% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 824 | 723 | 527 | 513 | 315 | 296 | 625 | 569 |
| Other income | 2.2 | 2.5 | 2.1 | 1.5 | 1.3 | 1.7 | 3.1 | 2.6 |
| Total expenses | 768 | 699 | 519 | 509 | 350 | 311 | 562 | 502 |
| EBITDA | 84.1 | 52.3 | 40 | 36.3 | −16.3 | −7.7 | 71.2 | 72.6 |
| EBITDA margin | 10.2% | 7.2% | 7.6% | 7.1% | -5.2% | -2.6% | 11.4% | 12.7% |
| Finance costs | 9.3 | 10.2 | 13.3 | 16.5 | 8.3 | 0.9 | 1 | 0.4 |
| Depreciation | 18.5 | 18 | 18.1 | 15.5 | 9.6 | 6.6 | 6.4 | 5.3 |
| Profit before tax | 57.1 | 26.6 | 10.7 | 5.8 | −32.9 | −13.4 | 66.9 | 69.4 |
| Tax | 13.9 | 8.3 | 3.6 | 2.7 | −7.4 | −3 | 14.6 | 23.3 |
| Net profit | 43.2 | 18.3 | 7.1 | 3.1 | −24.9 | −8.2 | 53.6 | 47.9 |
| Net margin | 5.2% | 2.5% | 1.3% | 0.6% | -7.9% | -2.8% | 8.6% | 8.4% |
| EPS (₹) | 15.23 | 6.61 | 3.39 | 1.82 | -11.37 | -3.73 | 24.42 | 21.83 |
| Net profit YoY | +135.7% | +159.4% | +125.9% | +112.6% | −204.9% | −115.3% | – | – |
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 | 47.1 | 34 | −0.8 | −17.7 | −169 |
| Investing cash flow | −66.4 | 8.7 | −13.8 | −23.5 | 4.2 |
| Financing cash flow | 25.6 | −45 | 30.5 | 38.9 | 164 |
| Capital expenditure | 11 | 16.5 | 8.6 | 7 | 9.4 |
| Free cash flow (CFO − capex) | 36.1 | 17.5 | −9.4 | −24.6 | −179 |
Net profit trend
annual, ₹ croreFY21
₹−8.2
FY22
₹−24.9−205%
FY23
₹3.1+113%
FY24
₹7.1+126%
FY25
₹18.3+159%
FY26
₹43.2+136%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 8 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 8 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 16 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 16 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 7 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 7 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 139.0×25.3×
P/B5Y avg 2.96×2.57×
ROEFY26, on average equity9.4%
Net margin5.2%
Debt / equity0.30×
Revenue CAGR (3Y)17.1%
Profit CAGR (3Y)139.9%
EPS (TTM)₹17.73
Market cap₹1,244 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.57×
vs 8-point avg 2.96× (−13%)
1.84× low2.96× avg4.16× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹769 Cr+13%
Net worth₹484 Cr+10%
Total borrowings₹145 Cr+32%
Cash & bank balances₹24 Cr+39%
Investments₹58 Cr
Inventories₹92 Cr+3%
Trade receivables₹69 Cr+30%
Trade payables₹79 Cr+18%
Change vs the same date a year earlier.
Revenue mix FY26
Automobiles Business93.7%result ₹49.4 Cr
Non Banking Financial Business6.3%result ₹11.8 Cr
Segment revenue as reported, before inter-segment eliminations.