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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q1 FY20 | Q4 FY19 | Q2 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 8.1 | 7.9 | 9 | 8.5 | 8.8 | 9.6 | 8.1 | 8.6 | 7.4 | 8.4 | 22.7 | 29.5 | 9.7 | 24.4 | 9.3 | 10.9 | 10.3 | 6.5 | 6.8 | 6 | 5.3 | 3.8 | 4.1 | 4.1 | 3.9 | 3.9 | 3.2 | 3.5 | 4.2 | 11.7 |
| Other income | 1.8 | 2.2 | 1.6 | 1.5 | 1.5 | 2.2 | 1.3 | 1.7 | 1.2 | 1.1 | 1.1 | 1.3 | 0.6 | 0.6 | 0.8 | 0.8 | 3 | 9.2 | 4.7 | 5.1 | 4.7 | 1.7 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 2.3 | 1.1 | 2.6 |
| Total expenses | 9.4 | 13 | 10.2 | 8.9 | 8.5 | 10.5 | 9.3 | 9.2 | 8.7 | 9.8 | 22.4 | 25.8 | 9 | 20.8 | 9.3 | 10.9 | 10.5 | 9.3 | 7.2 | 6.9 | 7.9 | 5.4 | 4.7 | 4.8 | 4.8 | 4.8 | 3.7 | 7.2 | 5 | 21.5 |
| EBITDA | 1.2 | −2.4 | 1.2 | 1.5 | 2.3 | 1.5 | 1.5 | 1.8 | 1 | 1 | 2.5 | 5.7 | 2.6 | 5.6 | 1.9 | 1.9 | 1.5 | −2.1 | 0.3 | −0.3 | −1.9 | −1.1 | −0.1 | −0.2 | −0.2 | −0.3 | 0.1 | −1.7 | −0.2 | −6.7 |
| EBITDA margin | 14.4% | -30.6% | 13.3% | 18.2% | 25.9% | 15.9% | 18.8% | 21.4% | 13.2% | 11.6% | 11.0% | 19.4% | 26.6% | 22.7% | 20.1% | 17.0% | 14.8% | -31.4% | 4.0% | -4.7% | -36.2% | -28.8% | -1.6% | -4.6% | -5.9% | -7.3% | 2.7% | -49.9% | -4.6% | -57.3% |
| Finance costs | 0.8 | 1 | 0.9 | 0.6 | 0.5 | 0.9 | 1.2 | 0.9 | 0.7 | 0.8 | 0.6 | 0.5 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.4 | 0.3 | 0.4 |
| Depreciation | 1.7 | 1.7 | 1.5 | 1.4 | 1.4 | 1.5 | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.5 | 1.7 | 1.7 | 1.7 | 1.7 | 1.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 1.6 | 0.4 | 2.7 |
| Profit before tax | 1.9 | 1.5 | −0.2 | 1.1 | 1.8 | 1.4 | 0.1 | 1 | −0.1 | −0.3 | 1.4 | 5 | 1.3 | 4.3 | 0.8 | 1.8 | 2.9 | 6.5 | 4.2 | 4.1 | 2.1 | 0.1 | 0.3 | 0.2 | 0.1 | 0.1 | 0.3 | −1.4 | 0.2 | −7.2 |
| Tax | 0.5 | 0.4 | 0.1 | 0.4 | 0.5 | 0.5 | −0.2 | −0 | 0.6 | −0.5 | 0.3 | 1.3 | 0.6 | 1.6 | 0.3 | 0.4 | 0.9 | 1.7 | 1.2 | 1.1 | 0.7 | 0.1 | 0.1 | 0.1 | −0.1 | 0.1 | 0.3 | −0.9 | 0.2 | −2.9 |
| Net profit | 1.4 | 1.1 | −0.2 | 0.7 | 1.3 | 0.9 | 0.3 | 1.1 | −0.8 | 0.2 | 1.1 | 3.7 | 0.7 | 2.7 | 0.5 | 1.4 | 2 | 4.8 | 3 | 3 | 1.4 | 0 | 0.1 | 0 | 0.2 | −0.1 | 0 | −0.6 | −0 | −4.3 |
| Net margin | 16.9% | 13.7% | -2.6% | 8.1% | 15.3% | 8.9% | 4.1% | 12.3% | -10.3% | 2.2% | 4.7% | 12.6% | 7.6% | 10.9% | 5.6% | 13.1% | 19.1% | 72.8% | 43.9% | 50.0% | 26.7% | 0.7% | 3.4% | 1.2% | 3.9% | -1.5% | 0.1% | -17.2% | -0.6% | -36.7% |
| EPS (₹) | 0.17 | 0.14 | -0.03 | 0.09 | 0.17 | 0.11 | 0.04 | 0.13 | -0.10 | 0.02 | 0.13 | 0.43 | 0.10 | 0.31 | 0.07 | 0.17 | 0.24 | 0.60 | 0.37 | 0.40 | 0.19 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | -0.07 | 0.02 | -0.59 |
| Net profit YoY | +1.9% | +27.7% | −171.1% | −35.1% | +275.7% | +364.5% | −68.9% | −71.4% | −203.6% | −93.1% | +107.2% | +159.7% | – | +34.5% | −89.1% | −52.2% | +40.0% | +16682.0% | +2079.9% | +6105.8% | +827.4% | +149.0% | – | +1047.6% | +125.6% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 34.1 | 33.7 | 70.3 | 54.6 | 29.7 | 17.3 | 15.2 | 68.1 | 51.7 |
| Other income | 6.8 | 6.4 | 4.1 | 2.8 | 22.1 | 8.1 | 3.8 | 4.3 | 4.7 |
| Total expenses | 40.6 | 37.7 | 67 | 50.6 | 34 | 22.7 | 18.3 | 67.3 | 49.1 |
| EBITDA | 2.6 | 5.9 | 11.8 | 11.4 | −0.5 | −3.3 | −0.6 | 12.1 | 15.9 |
| EBITDA margin | 7.6% | 17.4% | 16.7% | 20.8% | -1.8% | -18.9% | -4.1% | 17.8% | 30.8% |
| Finance costs | 3 | 3.8 | 2.2 | 0.4 | 0.5 | 0.6 | 1 | 2 | 1 |
| Depreciation | 6 | 6.1 | 6.3 | 6.9 | 3.3 | 1.6 | 1.5 | 9.3 | 12.3 |
| Profit before tax | 4.2 | 2.4 | 7.4 | 7.8 | 17.7 | 2.6 | 0.7 | 5.2 | 7.3 |
| Tax | 1.4 | 0.9 | 1.8 | 2.6 | 5 | 1 | 0.6 | 1.2 | 1.9 |
| Net profit | 2.9 | 1.5 | 5.6 | 5.2 | 12.7 | 1.6 | 0.1 | 4 | 5.4 |
| Net margin | 8.4% | 4.4% | 7.9% | 9.5% | 42.9% | 9.4% | 0.5% | 5.8% | 10.4% |
| EPS (₹) | 0.36 | 0.19 | 0.67 | 0.63 | 1.61 | 0.25 | 0.05 | 0.47 | 0.61 |
| Net profit YoY | +94.4% | −73.5% | +7.2% | −59.0% | +682.7% | +2081.3% | −98.1% | – | – |
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 | 6.4 | 13.2 | −51 | 25.3 | 8.2 |
| Investing cash flow | −16.4 | 3.7 | −8.8 | 1.4 | −22.8 |
| Financing cash flow | 14.8 | −15.9 | 32.5 | −8.3 | 1.1 |
| Capital expenditure | 23 | 6.4 | 4.5 | 4 | 24.8 |
| Free cash flow (CFO − capex) | −16.6 | 6.8 | −55.4 | 21.3 | −16.5 |
Net profit trend
annual, ₹ croreFY21
₹1.6
FY22
₹12.7+683%
FY23
₹5.2−59%
FY24
₹5.6+7%
FY25
₹1.5−74%
FY26
₹2.9+94%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 1 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 1 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 7 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 7 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 46.8×36.0×
P/B5Y avg 1.18×0.73×
ROEFY26, on average equity2.0%
Net margin8.4%
Debt / equity0.34×
Revenue CAGR (3Y)-14.5%
Profit CAGR (3Y)-18.0%
EPS (TTM)₹0.37
Market cap₹104 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.73×
vs 8-point avg 1.18× (−38%)
0.68× low1.18× avg1.82× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹203 Cr+7%
Net worth₹142 Cr+1%
Total borrowings₹49 Cr+64%
Cash & bank balances₹9 Cr+118%
Investments₹0 Cr−80%
Inventories₹0 Cr
Trade receivables₹30 Cr−26%
Trade payables₹1 Cr−27%
Change vs the same date a year earlier.
Revenue mix FY26
Learning Solutions68.0%result ₹1.6 Cr
Other Income27.4%result ₹4.9 Cr
Software & E-Goverance Service2.0%result ₹−0.2 Cr
Hotel1.7%result ₹−1.6 Cr
Wind Power Generation0.9%result ₹−0.1 Cr
Segment revenue as reported, before inter-segment eliminations.