Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY22
| ₹ 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 | Q4 FY22 | Q3 FY22 | Q2 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 254 | 325 | 303 | 160 | 184 | 157 | 184 | 155 | 133 | 117 | 107 | 111 | 94.8 | 73 | 56.1 | 107 | 126 | 146 | 128 |
| Other income | 8.3 | 11.8 | 5.5 | 5.8 | 1.5 | 4.4 | 2.9 | 1.8 | 1.9 | 2 | 1.7 | 2.3 | 6.8 | 0.7 | 1.1 | 4.2 | 3.3 | 3.9 | 3.3 |
| Total expenses | 248 | 324 | 301 | 159 | 177 | 161 | 185 | 155 | 130 | 126 | 105 | 108 | 96.8 | 85.1 | 56.1 | 102 | 137 | 143 | 121 |
| EBITDA | 20.9 | 16.2 | 17.1 | 11.1 | 16.1 | 4.5 | 9 | 7.5 | 9.5 | −1.4 | 9.4 | 10.5 | 4.1 | −5.4 | 5.6 | 10.7 | −8.2 | 6.2 | 9.6 |
| EBITDA margin | 8.2% | 5.0% | 5.7% | 7.0% | 8.8% | 2.9% | 4.9% | 4.9% | 7.2% | -1.2% | 8.7% | 9.4% | 4.3% | -7.4% | 9.9% | 10.0% | -6.4% | 4.2% | 7.5% |
| Finance costs | 10 | 10.9 | 10 | 7.1 | 6.4 | 5.6 | 6.9 | 5 | 4.1 | 4.7 | 3.8 | 3.7 | 3.1 | 3.6 | 2.9 | 3.1 | 1.7 | 2.6 | 1 |
| Depreciation | 4.7 | 4.1 | 5.2 | 3.1 | 3.5 | 3.2 | 3.1 | 3.1 | 3 | 3 | 3 | 3 | 3 | 3.1 | 2.6 | 2.6 | 1.2 | 1 | 1.1 |
| Profit before tax | 14.5 | 12.9 | 7.4 | 6.8 | 7.7 | 0 | 1.9 | 1.2 | 4.3 | −7.1 | 4.2 | 6 | 4.8 | −11.4 | 1.1 | 9.3 | −7.7 | 6.5 | 10.8 |
| Tax | 2.9 | 3 | 0.3 | 3.2 | 1.9 | 1.1 | −0 | 0.7 | 1.3 | −0.9 | 1.2 | 1.5 | 1.6 | −2.2 | 0.7 | 2.5 | −1.5 | 1.8 | 3 |
| Net profit | 11.6 | 9.9 | 7.1 | 3.7 | 5.8 | −1 | 1.9 | 0.5 | 3 | −6.2 | 2.9 | 4.5 | 3.3 | −9.2 | 0.4 | 6.8 | −6.2 | 4.7 | 7.8 |
| Net margin | 4.6% | 3.0% | 2.3% | 2.3% | 3.1% | -0.7% | 1.1% | 0.3% | 2.3% | -5.3% | 2.7% | 4.0% | 3.5% | -12.6% | 0.7% | 6.3% | -4.9% | 3.2% | 6.1% |
| EPS (₹) | 1.73 | 1.48 | 1.06 | 0.55 | 0.86 | -0.15 | 1.46 | 0.38 | 2.26 | -4.67 | 2.23 | 1.72 | 2.53 | 7.64 | 0.31 | 5.83 | -5.52 | 4.42 | 7.35 |
| Net profit YoY | +101.1% | +1059.3% | +263.8% | +612.9% | +88.7% | +83.3% | −33.7% | −88.5% | −7.1% | +32.9% | +612.6% | −33.6% | – | −49.9% | −91.3% | −13.9% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 971 | 628 | 436 | 353 | 491 |
| Other income | 24.6 | 11.1 | 7.1 | 11.5 | 13.3 |
| Total expenses | 960 | 632 | 435 | 354 | 485 |
| EBITDA | 60.5 | 30.5 | 28.3 | 19.8 | 16.4 |
| EBITDA margin | 6.2% | 4.9% | 6.5% | 5.6% | 3.3% |
| Finance costs | 34.4 | 21.7 | 15.3 | 11.3 | 6.1 |
| Depreciation | 15.8 | 12.4 | 12.1 | 9.4 | 4.3 |
| Profit before tax | 34.9 | 7.5 | 7.9 | 10.8 | 19.3 |
| Tax | 8.2 | 3 | 3.4 | 4.1 | 5.9 |
| Net profit | 26.7 | 4.5 | 4.5 | 6.7 | 13.6 |
| Net margin | 2.7% | 0.7% | 1.0% | 1.9% | 2.8% |
| EPS (₹) | 3.98 | 0.67 | 3.41 | 5.69 | 12.55 |
| Net profit YoY | +494.8% | −0.9% | −32.5% | −50.6% | – |
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 | −19.7 | 3.2 | −66.1 | 26.2 | 27.4 |
| Investing cash flow | 2.2 | −54.2 | −77.1 | −41.5 | −43.8 |
| Financing cash flow | 36.6 | 57.6 | 152 | 22.4 | −9.5 |
| Capital expenditure | 147 | 4.3 | 8.7 | 122 | −6.2 |
| Free cash flow (CFO − capex) | −167 | −1.1 | −74.9 | −96.1 | 21.2 |
Net profit trend
annual, ₹ croreFY22
₹13.6
FY23
₹6.7−51%
FY24
₹4.5−33%
FY25
₹4.5−1%
FY26
₹26.7+495%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 3 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Consolidated | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 3 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 42.2×7.5×
P/B5Y avg 1.19×0.85×
ROEFY26, on average equity9.8%
Net margin2.7%
Debt / equity1.69×
Revenue CAGR (3Y)40.1%
Profit CAGR (3Y)58.5%
EPS (TTM)₹4.81
Market cap₹242 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.85×
vs 8-point avg 1.19× (−28%)
0.85× low1.19× avg1.99× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹841 Cr+12%
Net worth₹284 Cr+8%
Total borrowings₹479 Cr+17%
Cash & bank balances₹29 Cr+48%
Investments₹2 Cr+0%
Inventories₹258 Cr+8%
Trade receivables₹105 Cr+77%
Trade payables₹37 Cr−2%
Change vs the same date a year earlier.