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 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 57.2 | 58.1 | 59.2 | 107 | 48.6 | 48.3 | 50.2 | 48.4 | 41.9 | 36.8 | 36.8 | 30.4 | 297 | 32.8 | 30.2 | 28.4 | 26.2 | 25.4 | 26.1 | 18.1 | 13.9 | 24.8 | 19.1 | 12.5 | 0.7 | 32 | 28 | 26.7 | 23.9 | 0 | 0 |
| Other income | 0.4 | 0.8 | 0.4 | 0.9 | 0.4 | 0.6 | 0.5 | 0.6 | 0.4 | 0.4 | 0.8 | 0.9 | 8.5 | 0.6 | 0.7 | 0.4 | 0.4 | 0.5 | 0.3 | 0.5 | 0.6 | 2.3 | 0.8 | 1.1 | 1.1 | 1 | 1.1 | 1.1 | 0.9 | 0 | 0 |
| Total expenses | 56.7 | 55 | 59.1 | 105 | 48 | 47.1 | 50.2 | 48.8 | 48.9 | 37.7 | 40.8 | 35.1 | 315 | 32.8 | 30.7 | 28.5 | 24.2 | 24.5 | 25 | 17.7 | 13.2 | 26.3 | 20.3 | 13 | 1.9 | 32.7 | 25 | 30.7 | 24.8 | 0 | 0 |
| EBITDA | 1.6 | 4.1 | 1 | 3 | 1.3 | 2.1 | 0.8 | 0.4 | −6.4 | −0.1 | −3.3 | −3.9 | −11.3 | 0.7 | 0.2 | 0.5 | 2.6 | 1.5 | 1.7 | 1.1 | 1.3 | −0.8 | −0.3 | 0.3 | −0.4 | 0.1 | 3.9 | −3.2 | −0 | 0 | 0 |
| EBITDA margin | 2.7% | 7.1% | 1.7% | 2.8% | 2.6% | 4.3% | 1.6% | 0.9% | -15.3% | -0.3% | -9.0% | -12.9% | -3.8% | 2.0% | 0.8% | 1.7% | 9.8% | 6.0% | 6.3% | 6.0% | 9.0% | -3.1% | -1.4% | 2.1% | -58.1% | 0.4% | 13.9% | -11.8% | -0.1% | – | – |
| Finance costs | 0.8 | 0.7 | 0.6 | 1 | 0.4 | 0.6 | 0.4 | 0.5 | 0.2 | 0.4 | 0.3 | 0.4 | 3.2 | 0.4 | 0.4 | 0.3 | 0.2 | 0.3 | 0.1 | 0.2 | 0.2 | 0.2 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0 | 0 |
| Depreciation | 0.3 | 0.3 | 0.3 | 0.7 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | 0.3 | 3.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.6 | 0 | 0 |
| Profit before tax | 0.8 | 2.1 | 0.5 | 2.2 | 0.9 | 1.8 | 0.5 | 0.2 | −6.5 | −0.5 | −3.2 | −3.8 | −9.4 | 0.5 | 0.3 | 0.3 | 2.4 | 1.4 | 1.5 | 1 | 1.2 | 0.8 | −0.4 | 0.6 | −0.1 | −1.8 | 4.2 | −3 | 8.2 | 0 | 0 |
| Tax | 0.5 | −0.4 | 0.2 | −1 | −0.8 | 0.1 | 0.1 | 0.2 | −2.1 | −0.1 | −0 | −0.1 | 2 | 0.5 | 0.2 | 0.3 | 1.4 | −0.1 | −0.3 | 0.5 | 0 | −0.2 | −1.6 | 0.4 | 0.9 | −0.2 | −1 | −0.6 | 2.1 | 0 | 0 |
| Net profit | 0.3 | 2.5 | 0.2 | 3.2 | 1.7 | 1.7 | 0.5 | 0 | −4.4 | −0.4 | −3.2 | −3.6 | −11.4 | 0 | 0.1 | 0 | 1 | 1.5 | 1.7 | 0.5 | 1.2 | 1 | 1.2 | 0.2 | −1 | −1.6 | 5.1 | −2.4 | 6.1 | 0 | 0 |
| Net margin | 0.6% | 4.3% | 0.4% | 3.0% | 3.5% | 3.6% | 0.9% | 0.0% | -10.4% | -1.0% | -8.7% | -12.0% | -3.8% | 0.0% | 0.3% | 0.1% | 3.8% | 6.0% | 6.7% | 2.7% | 8.5% | 4.1% | 6.4% | 1.5% | -142.0% | -4.9% | 18.4% | -9.1% | 25.7% | – | – |
| EPS (₹) | 0.25 | 1.86 | 0.18 | 2.35 | 1.25 | 1.27 | 0.34 | 0.01 | -3.22 | 0.28 | -2.38 | -2.68 | -0.84 | 0.01 | 0.07 | 0.03 | 0.74 | 1.12 | 1.29 | 0.36 | 0.87 | 0.75 | 0.89 | 0.14 | -0.76 | -1.15 | 3.79 | -1.80 | 4.53 | 0.00 | 0.00 |
| Net profit YoY | −80.0% | +45.7% | −47.6% | +19954.7% | +138.7% | +552.8% | +114.2% | +100.4% | +61.6% | −3879.2% | −3346.4% | −9768.9% | −1234.0% | −99.3% | −94.3% | −92.2% | −14.8% | +49.6% | +44.0% | +152.4% | +214.9% | +165.4% | −76.4% | +107.9% | −116.7% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 224 | 189 | 134 | 118 | 83.5 | 57.1 | 111 | 168 | 187 |
| Other income | 2 | 2.2 | 2.9 | 2.2 | 1.9 | 5.3 | 4.1 | 3.2 | 4.4 |
| Total expenses | 219 | 195 | 145 | 116 | 80.4 | 61.5 | 113 | 169 | 188 |
| EBITDA | 8.1 | −3.1 | −8.5 | 4 | 5.5 | −1.2 | 0.9 | 2.3 | 2.5 |
| EBITDA margin | 3.6% | -1.6% | -6.3% | 3.4% | 6.6% | -2.1% | 0.8% | 1.4% | 1.4% |
| Finance costs | 2.3 | 1.7 | 1.5 | 1.2 | 0.8 | 1.2 | 1.3 | 1.4 | 1.2 |
| Depreciation | 1.3 | 1.4 | 1.4 | 1.4 | 1.6 | 1.9 | 2.2 | 2.3 | 2.1 |
| Profit before tax | 4.8 | −4 | −8.5 | 3.5 | 5 | 0.9 | 7.6 | 1.8 | 3.7 |
| Tax | −1.2 | −1.8 | −0.1 | 2.4 | 0.1 | −0.5 | 0.3 | 1.7 | 0.5 |
| Net profit | 5.9 | −2.2 | −8.4 | 1.2 | 4.9 | 1.4 | 7.3 | 0.1 | 3.2 |
| Net margin | 2.7% | -1.2% | -6.3% | 1.0% | 5.9% | 2.4% | 6.6% | 0.1% | 1.7% |
| EPS (₹) | 4.39 | -1.60 | -6.18 | 0.85 | 3.64 | 1.03 | 5.38 | 0.07 | 2.37 |
| Net profit YoY | +373.8% | +74.1% | −827.7% | −76.7% | +252.9% | −80.8% | +8035.7% | −97.2% | – |
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 | −12.9 | −1.5 | −13.1 | 10.6 | −13.6 |
| Investing cash flow | 1.7 | 5.7 | 17.1 | −15.5 | 9.5 |
| Financing cash flow | 11.2 | −3.4 | −4.1 | 4.4 | 3.6 |
| Capital expenditure | 0 | 0 | 2.8 | 1.6 | 0.6 |
| Free cash flow (CFO − capex) | −12.9 | −1.5 | −15.8 | 9 | −14.3 |
Net profit trend
annual, ₹ croreFY21
₹1.4
FY22
₹4.9+253%
FY23
₹1.2−77%
FY24
₹−8.4−828%
FY25
₹−2.2+74%
FY26
₹5.9+374%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 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 | 14 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 14 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 23.3×7.0×
P/B5Y avg 0.65×0.47×
ROEFY26, on average equity6.6%
Net margin2.7%
Debt / equity0.44×
Revenue CAGR (3Y)24.0%
Profit CAGR (3Y)72.9%
EPS (TTM)₹4.63
Market cap₹44 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.47×
vs 8-point avg 0.65× (−28%)
0.40× low0.65× avg0.84× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹190 Cr+11%
Net worth₹93 Cr+7%
Total borrowings₹41 Cr+57%
Cash & bank balances₹0 Cr−8%
Investments₹0 Cr
Inventories₹85 Cr−9%
Trade receivables₹30 Cr−1%
Trade payables₹48 Cr−12%
Change vs the same date a year earlier.