Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 261 | 286 | 262 | 258 | 247 | 243 | 243 | 221 | 227 | 210 | 217 | 225 | 222 | 203 | 218 | 200 | 235 | 188 | 161 | 153 | 145 | 134 | 123 |
| Other income | 7.8 | 10.5 | 6.9 | 7.2 | 7.1 | 6.9 | 6.5 | 5.9 | 5.9 | 7.4 | 5.6 | 5.4 | 5.3 | 6.9 | 4.8 | 4.7 | 4.6 | 4.6 | 4.5 | 5 | 4.3 | 4.2 | 3.8 |
| Total expenses | 267 | 265 | 256 | 245 | 229 | 225 | 224 | 208 | 207 | 205 | 200 | 192 | 193 | 192 | 204 | 174 | 205 | 159 | 143 | 130 | 121 | 119 | 106 |
| EBITDA | 37.2 | 57 | 42.7 | 49.9 | 55.1 | 51 | 52 | 42.6 | 49.5 | 36.2 | 44.2 | 51.1 | 46.9 | 32.4 | 29.5 | 41 | 44 | 41.5 | 31.8 | 37.5 | 37.4 | 30 | 32.6 |
| EBITDA margin | 14.3% | 19.9% | 16.3% | 19.4% | 22.3% | 21.0% | 21.4% | 19.2% | 21.8% | 17.2% | 20.3% | 22.7% | 21.1% | 16.0% | 13.6% | 20.5% | 18.7% | 22.1% | 19.7% | 24.4% | 25.7% | 22.4% | 26.4% |
| Finance costs | 21.4 | 15 | 14.5 | 15.5 | 15.9 | 15.2 | 15 | 12.3 | 13.2 | 14.2 | 11.4 | 6.9 | 7 | 8.7 | 6 | 6.4 | 5.5 | 4 | 4.9 | 6.2 | 5.4 | 7.4 | 6.9 |
| Depreciation | 22.3 | 21.6 | 22 | 21.5 | 20.6 | 18.2 | 18.1 | 17.1 | 16.6 | 16.4 | 15.1 | 11.1 | 10.6 | 12.7 | 9.6 | 8.4 | 8.3 | 8.5 | 8.7 | 8.1 | 8 | 7.8 | 7.9 |
| Profit before tax | 1.3 | 30.8 | 13.1 | 20.2 | 25.6 | 48.4 | 25.4 | 19.1 | 25.5 | 12.9 | 23.2 | 38.5 | 34.5 | 17.9 | 18.6 | 31 | 34.7 | 33.6 | 22.7 | 28.1 | 28.3 | 19 | 21.7 |
| Tax | 0.6 | −6.1 | −1.5 | 2.9 | 2.7 | 2.4 | 7.3 | 3.8 | 4.2 | −17.2 | 7.6 | 7 | 11.9 | 5.5 | 2.6 | 3.5 | 6.1 | 8.2 | 3.7 | 4.5 | 6 | 3.4 | 2.3 |
| Net profit | 0.7 | 36.9 | 14.6 | 17.3 | 23 | 46 | 18 | 15.3 | 21.3 | 30.2 | 15.6 | 31.5 | 22.6 | 12.4 | 16 | 27.5 | 28.6 | 25.4 | 19 | 23.6 | 22.4 | 15.6 | 19.4 |
| Net margin | 0.3% | 12.9% | 5.6% | 6.7% | 9.3% | 19.0% | 7.4% | 6.9% | 9.4% | 14.3% | 7.2% | 14.0% | 10.2% | 6.1% | 7.4% | 13.8% | 12.2% | 13.5% | 11.8% | 15.4% | 15.4% | 11.6% | 15.7% |
| EPS (₹) | 0.27 | 11.46 | 4.05 | 4.81 | 6.27 | 14.10 | 5.56 | 4.26 | 6.17 | 9.70 | 4.53 | 9.77 | 6.46 | 3.38 | 4.24 | 8.24 | 8.20 | 7.09 | 4.61 | 6.38 | 5.93 | 4.16 | 5.31 |
| Net profit YoY | −96.7% | −19.8% | −18.8% | +12.7% | +7.8% | +52.5% | +15.5% | −51.4% | −5.8% | +143.5% | −2.6% | +14.5% | −21.1% | −51.3% | −15.7% | +16.5% | +28.1% | +63.3% | −2.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 1,053 | 934 | 873 | 856 | 648 | 465 |
| Other income | 30.9 | 25.2 | 23.5 | 21 | 18.4 | 15.7 |
| Total expenses | 994 | 864 | 787 | 774 | 554 | 410 |
| EBITDA | 205 | 195 | 178 | 147 | 148 | 115 |
| EBITDA margin | 19.5% | 20.9% | 20.4% | 17.2% | 22.8% | 24.6% |
| Finance costs | 60.8 | 55.8 | 39.5 | 26.6 | 20.5 | 28.5 |
| Depreciation | 85.8 | 70 | 53.3 | 39 | 33.3 | 31.2 |
| Profit before tax | 89.7 | 118 | 109 | 102 | 113 | 70.6 |
| Tax | −2 | 17.8 | 9.2 | 17.7 | 22.3 | 6.5 |
| Net profit | 91.7 | 101 | 99.9 | 84.6 | 90.4 | 64.1 |
| Net margin | 8.7% | 10.8% | 11.4% | 9.9% | 13.9% | 13.8% |
| EPS (₹) | 26.59 | 30.10 | 30.40 | 24.07 | 24.00 | 17.14 |
| Net profit YoY | −8.8% | +0.8% | +18.1% | −6.5% | +41.1% | – |
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 | 139 | 187 | 140 | 90 | 106 |
| Investing cash flow | −55.6 | −149 | −152 | −260 | −140 |
| Financing cash flow | −93 | 11.5 | 34.7 | 149 | 4.1 |
| Capital expenditure | 59.8 | 202 | 157 | 268 | 109 |
| Free cash flow (CFO − capex) | 79.6 | −15.5 | −17.5 | −178 | −3 |
Net profit trend
annual, ₹ croreFY21
₹64.1
FY22
₹90.4+41%
FY23
₹84.6−6%
FY24
₹99.9+18%
FY25
₹101+1%
FY26
₹91.7−9%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 29 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 30 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 30 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 31 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 31 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 8 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 12.0×15.4×
P/B5Y avg 2.11×1.45×
ROEFY26, on average equity13.1%
Net margin8.7%
Debt / equity0.58×
Revenue CAGR (3Y)7.2%
Profit CAGR (3Y)2.8%
EPS (TTM)₹24.51
Market cap₹1,073 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.45×
vs 8-point avg 2.11× (−31%)
1.44× low2.11× avg3.39× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,739 Cr+5%
Net worth₹739 Cr+12%
Total borrowings₹426 Cr−10%
Cash & bank balances₹110 Cr−11%
Investments₹0 Cr−100%
Inventories₹0 Cr
Trade receivables₹322 Cr+21%
Trade payables₹116 Cr+9%
Change vs the same date a year earlier.