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Quarterly results

standalone · 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	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18
Revenue from operations	267	214	205	176	176	156	158	182	166	175	162	175	174	245	200	199	148	162	143	138	92.7	119	84.8	67.6	57.2	58.9	49.5	71.4	43.3	100	144	140	117	114
Other income	0.6	1.3	0.6	0.4	0.5	0.8	0.7	1	0.6	1.7	0.8	2.9	9.7	1.1	1.9	1.4	0.1	0.9	0.7	0.4	0.7	0.5	0.3	0.5	0.5	0.2	0.2	1.5	0.4	0.6	1.1	0.1	0.9	0.3
Total expenses	226	201	200	175	175	155	156	180	166	174	158	171	168	229	190	189	144	149	137	133	89.1	112	84.4	67.5	55.9	58.9	51.4	71.9	42.9	93.8	124	118	103	102
EBITDA	46	20.3	10.9	7.2	7.8	7.9	9.2	9.4	6.3	7.1	11.3	10	12.5	22.5	15.9	16.9	8.2	17.5	10.3	8.2	7.5	11.8	4.1	3.8	5.4	3.7	3.4	5	4.8	10.3	25.6	25.5	17.7	15.4
EBITDA margin	17.2%	9.5%	5.3%	4.1%	4.4%	5.1%	5.8%	5.1%	3.8%	4.0%	7.0%	5.7%	7.2%	9.2%	8.0%	8.5%	5.5%	10.8%	7.2%	6.0%	8.1%	9.9%	4.8%	5.7%	9.5%	6.3%	6.9%	7.0%	11.1%	10.3%	17.7%	18.2%	15.0%	13.5%
Finance costs	2	3.6	2.2	2.6	2.3	2.5	3.9	4	3	3.9	4	3.3	3.7	3.6	4	3.5	1.8	1.5	2.2	1.2	1.2	1.8	0.9	1.1	1.1	1.4	2	2.3	1.4	1	1.9	1.2	0.8	1.3
Depreciation	3.4	3.7	3.9	4	4.2	4.2	3.9	3.8	3.8	2.8	3	2.6	2.4	2.7	2.6	2.6	2.7	2.6	2.7	2.7	2.7	2.7	2.8	2.8	3	2.3	3.3	3.2	2.9	2.8	3.5	2.2	2.2	2.1
Profit before tax	41.1	14.3	5.4	1	1.8	2	2.1	2.6	0.1	2	5	7	16.1	17.3	11.2	12.2	3.8	14.2	6	4.8	4.2	7.8	0.8	0.6	1.8	0.2	−1.7	1	0.8	7.2	21.2	22.3	15.6	12.3
Tax	10.4	3.5	1.4	0.3	0.5	0.6	0.6	0.6	0.1	0.6	1.3	1.7	4.1	4.4	2.9	3.1	0.7	3.6	1.5	1.1	1.2	1.5	0.5	0.2	0.6	0.1	−1.1	0	0.2	2.1	6.1	6.5	4.6	3.4
Net profit	30.7	10.8	4	0.7	1.3	1.5	1.6	2	0	1.5	3.7	5.3	12	13	8.3	9.2	3	10.6	4.5	3.7	3	6.3	0.3	0.3	1.2	0.1	−0.6	1	0.5	5.1	15.2	15.7	11.1	8.9
Net margin	11.5%	5.0%	2.0%	0.4%	0.8%	0.9%	1.0%	1.1%	0.0%	0.8%	2.3%	3.0%	6.9%	5.3%	4.2%	4.6%	2.1%	6.5%	3.1%	2.7%	3.2%	5.3%	0.3%	0.5%	2.2%	0.2%	-1.2%	1.4%	1.2%	5.1%	10.5%	11.2%	9.4%	7.8%
EPS (₹)	10.23	3.60	1.34	0.23	0.45	0.48	0.52	0.67	0.01	0.49	1.25	1.77	3.99	4.32	2.77	3.06	1.02	3.53	1.50	1.22	1.00	2.11	0.10	0.11	0.42	0.03	-0.19	0.33	0.17	1.70	5.06	5.24	3.69	2.97
Net profit YoY	+2181.6%	+645.2%	+159.4%	−65.5%	+5194.9%	−1.0%	−58.6%	−62.2%	−99.8%	−88.7%	−54.9%	−42.3%	+292.9%	+22.4%	+84.9%	+151.0%	+1.4%	+67.3%	+1452.9%	+976.4%	+141.0%	+6874.2%	+150.2%	−65.6%	+142.6%	−98.2%	−103.8%	−93.7%	−95.3%	−42.9%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	771	662	685	792	535	329	223	502	329
Other income	3.8	3.1	15	4.5	2.7	1.8	2.3	2.7	1.3
Total expenses	752	658	670	752	509	319	225	439	306
EBITDA	46.9	32.8	40.8	63.5	43.5	25.2	16.9	79	34.5
EBITDA margin	6.1%	5.0%	6.0%	8.0%	8.1%	7.7%	7.6%	15.7%	10.5%
Finance costs	12.3	13.3	14.9	12.9	6.2	4.8	7.1	4.9	3.9
Depreciation	15.8	15.8	10.8	10.6	10.8	11.2	11.7	10.5	7.9
Profit before tax	22.6	6.8	30.1	44.5	29.2	11	0.3	66.3	24
Tax	5.7	1.8	7.6	11	7.5	2.8	−0.7	19.2	7.9
Net profit	16.9	5	22.5	33.5	21.7	8.2	1	47	16.1
Net margin	2.2%	0.8%	3.3%	4.2%	4.1%	2.5%	0.5%	9.4%	4.9%
EPS (₹)	5.62	1.68	7.50	11.16	7.25	2.73	0.34	15.68	5.38
Net profit YoY	+235.3%	−77.6%	−32.8%	+54.1%	+165.0%	+707.2%	−97.8%	+191.5%	–

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	−20.9	112	16.3	−7.2	2.5
Investing cash flow	11.5	−38	−31.7	−23.5	−5.4
Financing cash flow	8.9	−73.7	15.2	30.5	3.2
Capital expenditure	2.7	27.5	38.8	27.6	9.1
Free cash flow (CFO − capex)	−23.6	84.9	−22.5	−34.8	−6.6

Net profit trend

annual, ₹ crore

FY21

₹8.2

FY22

₹21.7+165%

FY23

₹33.5+54%

FY24

₹22.5−33%

FY25

₹5−78%

FY26

₹16.9+235%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	2 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	2 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	22 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	22 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	29 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	29 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	30 Oct 2025	PDF on NSE XBRL
Q2 FY26	Standalone	30 Oct 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 archive

FY265.39 MB FY25 FY24 FY23 FY22 FY21 FY19 FY18 FY17 FY16

Key ratios

P/E (TTM)23.5×

P/B3.86×

ROEFY26, on average equity6.3%

Net margin2.2%

Debt / equity0.47×

Revenue CAGR (3Y)-0.9%

Profit CAGR (3Y)-20.4%

EPS (TTM)₹15.40

Market cap₹1,087 Cr

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

Balance sheet 31 Mar 2026

Total assets₹465 Cr+12%

Net worth₹282 Cr+11%

Total borrowings₹131 Cr+20%

Cash & bank balances₹0 Cr−61%

Investments₹53 Cr+25%

Inventories₹79 Cr+54%

Trade receivables₹203 Cr+21%

Trade payables₹31 Cr+4%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	66.35	66.35	66.35	66.35	66.35	66.35	66.35	66.35	66.35	66.35	66.35	66.35
FII	0.02	–	0.02	0.01	0.05	0.13	0.00	0.00	0.03	0.33	0.00	0.01
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.08
Retail	27.41	27.69	27.54	27.61	27.91	27.88	27.90	27.80	28.11	27.72	28.12	27.54
Other public	6.21	5.95	6.08	6.02	5.68	5.63	5.74	5.84	5.50	5.59	5.52	6.02

48,220 shareholders · NSE shareholding pattern filings.