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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17

₹ 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 FY17
Revenue from operations	373	313	366	399	280	241	263	296	229	180	198	228	172	147	192	234	226	157	208	215	114	143	136	206	63.8	127	177	246	170	0	0
Other income	1.9	0.6	0.7	0.3	0.9	0.8	1.1	1.8	0.6	4.7	0.9	0.7	0.7	0.7	0.7	1.4	0.6	2.5	13.9	14.1	1.6	1.4	1.7	1	0.9	0.9	1.1	1.3	1	0	0
Total expenses	353	308	356	379	271	240	262	282	226	183	198	214	170	146	191	222	222	157	219	212	117	146	130	184	90	127	174	230	164	0	0
EBITDA	36	24.3	28.7	40.1	27.1	18.8	19.3	32.9	19.5	13.7	17.6	30.3	17.6	15.7	19.1	27.1	17.1	7.7	4.9	16.9	6.1	5.3	12.2	32.8	−18	10.4	10	25.1	14.1	0	0
EBITDA margin	9.7%	7.8%	7.8%	10.0%	9.7%	7.8%	7.3%	11.1%	8.5%	7.6%	8.9%	13.3%	10.3%	10.7%	10.0%	11.6%	7.5%	4.9%	2.3%	7.9%	5.4%	3.7%	9.0%	15.9%	-28.2%	8.2%	5.7%	10.2%	8.3%	–	–
Finance costs	11.8	12.5	12.5	13.1	11.6	11.3	11.8	12.1	10.3	11.3	10.4	10.6	9.7	8.4	12.1	9.1	7.1	5.8	5.8	5.1	6.6	6.1	3.9	8.2	5.7	6.7	5.8	6.6	5.9	0	0
Depreciation	4.3	7.4	6.5	6.5	6.5	6.4	6.5	6.4	6.4	6.1	6.6	6.3	6.5	6.5	6.3	6.2	6.2	2.1	9.8	8.9	3	2.8	2.6	2.4	2.5	3.4	2.1	2.2	2.2	0	0
Profit before tax	21.8	5	10.3	20.8	9.9	2	2.1	16.2	3.5	0.9	1.4	14	2.1	1.4	1.5	13.2	4.3	2.3	3.1	17.1	−1.8	−2.3	7.4	23.1	−25.3	1.2	3.3	17.6	7	0	0
Tax	5.3	2.6	3.7	6.2	3.1	1.7	1.8	4.1	1.7	0.3	1.2	4	1.3	0.7	0.5	3.4	1.3	1.1	0.7	3.6	−0	−0.6	1.9	3.4	−4.4	0.2	0.7	0.9	2.6	0	0
Net profit	17.8	−8.8	6.7	9.9	5.6	14.9	−1.5	7.7	−5.4	1.4	−3.3	5.6	−3.5	54.7	0.9	9.7	−2.8	−20.9	−5.7	15	−4.9	7.8	2.1	9.1	−25.2	4.5	1.7	11.4	3.7	0	0
Net margin	4.8%	-2.8%	1.8%	2.5%	2.0%	6.2%	-0.6%	2.6%	-2.4%	0.8%	-1.6%	2.5%	-2.1%	37.3%	0.5%	4.2%	-1.2%	-13.3%	-2.8%	7.0%	-4.3%	5.4%	1.5%	4.4%	-39.4%	3.5%	0.9%	4.6%	2.2%	–	–
EPS (₹)	13.21	-6.63	5.09	7.61	4.26	12.17	-1.24	6.28	-4.44	1.39	-2.74	4.57	-2.90	44.45	0.81	8.03	-2.26	-17.04	-4.65	12.33	-4.00	6.39	1.79	7.55	-20.55	3.66	1.37	9.35	3.03	0.00	0.00
Net profit YoY	+218.2%	−158.9%	+541.1%	+29.6%	+202.8%	+951.5%	+53.4%	+37.4%	−53.3%	−97.4%	−448.4%	−42.6%	−25.4%	+362.3%	+116.3%	−35.1%	+42.9%	−369.0%	−374.5%	+64.2%	+80.4%	+73.9%	+24.9%	−20.0%	−776.8%	–	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY17
Revenue from operations	1,358	1,029	778	799	694	548	721	748	711
Other income	2.4	4.4	6.9	3.4	32.2	5	4.4	12	7.3
Total expenses	1,314	1,010	766	782	705	550	696	731	691
EBITDA	120	90.4	79.2	78.9	35.5	32.2	59.6	55.2	46.8
EBITDA margin	8.9%	8.8%	10.2%	9.9%	5.1%	5.9%	8.3%	7.4%	6.6%
Finance costs	49.7	45.4	42.1	36.7	23.3	23.9	24.9	30.5	19.6
Depreciation	26.8	25.8	25.5	25.2	23.8	10.3	10	8.1	7.5
Profit before tax	46.1	23.7	18.5	20.3	20.6	3	29.1	28.5	27
Tax	15.6	9.3	6.7	5.9	5.5	0.3	4.4	9.5	8.4
Net profit	13.4	15.6	0.2	62.6	−16.6	−6.2	21.3	19.8	17.5
Net margin	1.0%	1.5%	0.0%	7.8%	-2.4%	-1.1%	2.9%	2.6%	2.5%
EPS (₹)	10.16	12.77	0.20	51.03	-13.34	-4.83	17.43	16.25	14.42
Net profit YoY	−14.0%	+7804.2%	−99.7%	+477.8%	−168.2%	−129.1%	+7.5%	–	–

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	40.1	44.3	65.8	11.6	45.9
Investing cash flow	−39.9	−14	−21.2	−21.6	−45.6
Financing cash flow	19.9	−45.4	−26.3	−14.5	15.7
Capital expenditure	19.2	7.4	7.1	21.4	0
Free cash flow (CFO − capex)	20.9	36.9	58.7	−9.8	45.9

Net profit trend

annual, ₹ crore

FY21

₹−6.2

FY22

₹−16.6−168%

FY23

₹62.6+478%

FY24

₹0.2−100%

FY25

₹15.6+7804%

FY26

₹13.4−14%

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	–	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	29 May 2026	PDF XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	29 May 2026	PDF XBRL
Q3 FY26	Consolidated	11 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	11 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	6 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	–	PDF XBRL

Annual reports

NSE archive

FY2618.46 MB FY255.25 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 468.1×52.9×

P/B5Y avg 1.33×2.78×

ROEFY26, on average equity2.9%

Net margin1.0%

Debt / equity1.09×

Revenue CAGR (3Y)19.4%

Profit CAGR (3Y)-40.1%

EPS (TTM)₹19.11

Market cap₹1,356 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

2.78×

vs 8-point avg 1.33× (+109%)

0.59× low1.33× avg2.78× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹1,359 Cr+16%

Net worth₹487 Cr+9%

Total borrowings₹532 Cr+12%

Cash & bank balances₹32 Cr+167%

Investments₹0 Cr+0%

Inventories₹688 Cr+11%

Trade receivables₹273 Cr+45%

Trade payables₹268 Cr+33%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Sept 25	Jun 25	Mar 25	Mar 25	Dec 24	Sept 24	Jun 24	Jun 24
Promoter	61.17	61.17	61.17	61.17	61.17	59.89	59.89	59.89	57.35	57.35	57.35	57.35
FII	7.43	7.46	7.45	7.44	7.43	7.73	7.73	7.73	8.22	8.12	8.25	8.36
DII	0.25	0.25	0.00	0.00	0.00	0.00	0.00	0.00	0.18	0.18	0.09	0.00
Retail	16.62	16.66	16.20	16.43	16.48	16.76	16.38	16.39	17.34	17.66	17.36	17.30
Other public	14.53	14.46	15.18	14.96	14.92	15.62	16.00	15.99	16.91	16.69	16.95	16.99

4,799 shareholders · NSE shareholding pattern filings.