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 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 86.4 | 104 | 90.7 | 89.3 | 94.4 | 94.1 | 95.5 | 97.8 | 80.1 | 78.9 | 71.5 | 65.4 | 68.2 | 72.4 | 73.8 | 84.4 | 65.2 | 71.8 | 63.4 | 58 | 58.8 | 57.6 | 55.4 | 50.6 | 41.9 | 45.7 | 44.2 | 45.6 | 46.7 | 0 |
| Other income | 0 | 0.2 | 0.1 | 0 | 0 | 0.3 | 0.1 | 0.1 | 0.1 | 0.5 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0 | 0.2 | 0 | 0 | 0 | 0.1 | 0 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 | 0 |
| Total expenses | 79.9 | 95.6 | 84.6 | 83.5 | 88 | 88.7 | 89.7 | 92.7 | 76.4 | 76.3 | 70.6 | 69.3 | 65.5 | 69.6 | 73.5 | 83.5 | 73.4 | 70.3 | 57.4 | 54.1 | 47.1 | 50 | 44.3 | 41.2 | 32.3 | 37.6 | 37.2 | 37.4 | 38.8 | 0 |
| EBITDA | 12.3 | 15 | 12.7 | 12.3 | 12.8 | 12.5 | 12.9 | 12.5 | 10 | 10.4 | 7.9 | 4.3 | 9.4 | 10.6 | 8.2 | 9.7 | 0.3 | 9.2 | 11.9 | 8.5 | 13.1 | 9.9 | 12.5 | 10.5 | 10.6 | 9.3 | 8.2 | 9.5 | 9.2 | 0 |
| EBITDA margin | 14.2% | 14.4% | 14.0% | 13.8% | 13.5% | 13.2% | 13.5% | 12.8% | 12.5% | 13.2% | 11.0% | 6.6% | 13.8% | 14.6% | 11.1% | 11.4% | 0.4% | 12.8% | 18.7% | 14.6% | 22.4% | 17.1% | 22.5% | 20.7% | 25.3% | 20.4% | 18.5% | 20.8% | 19.7% | – |
| Finance costs | 1.6 | 2.2 | 2.4 | 2.3 | 2.3 | 3 | 2.9 | 3.2 | 2.3 | 3.6 | 2.8 | 3.9 | 2.6 | 3.6 | 3.7 | 4.5 | 4.3 | 3.8 | 2.1 | 1.9 | 0.7 | 1.4 | 0.5 | 0.2 | 0.2 | 0.4 | 0.4 | 0.4 | 0.4 | 0 |
| Depreciation | 4.1 | 4.1 | 4.2 | 4.2 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.2 | 4.2 | 4.2 | 4.1 | 4.2 | 4.2 | 4.2 | 4 | 3.7 | 2.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0 |
| Profit before tax | 6.5 | 8.9 | 6.2 | 5.8 | 6.4 | 5.7 | 5.9 | 5.2 | 3.7 | 3.2 | 1 | −3.8 | 2.7 | 3.1 | 0.4 | 1 | −8.1 | 1.7 | 6.1 | 3.9 | 11.7 | 7.7 | 11.1 | 9.6 | 9.9 | 8.4 | 7.1 | 8.5 | 8.1 | 0 |
| Tax | 1.7 | 2.3 | 1.6 | 1.4 | 1.6 | 1.7 | 1.5 | 1.3 | 0.9 | −0.9 | −0.2 | −0.2 | 0.8 | −0.8 | 0 | 0 | 0 | 6.4 | 1 | −1.4 | 3 | 1.9 | 2.8 | 2.5 | 2.5 | 0.4 | 2.2 | 3 | 2.4 | 0 |
| Net profit | 5.2 | 6.1 | 4.6 | 4.4 | 4.8 | 3.9 | 4.4 | 3.9 | 2.8 | 4.1 | 1.2 | −3.6 | 1.9 | 3.9 | 0.3 | 1 | −8.2 | −4.7 | 5.1 | 5.3 | 8.7 | 5.8 | 8.3 | 7.1 | 7.3 | 8 | 5 | 5.5 | 5.7 | 0 |
| Net margin | 6.0% | 5.8% | 5.1% | 5.0% | 5.1% | 4.2% | 4.6% | 4.0% | 3.5% | 5.1% | 1.7% | -5.5% | 2.8% | 5.4% | 0.4% | 1.1% | -12.5% | -6.6% | 8.1% | 9.1% | 14.7% | 10.0% | 14.9% | 14.0% | 17.5% | 17.5% | 11.3% | 12.0% | 12.2% | – |
| EPS (₹) | 4.18 | 4.88 | 3.71 | 3.58 | 3.87 | 3.27 | 3.65 | 3.23 | 2.31 | 3.86 | 1.04 | -3.03 | 1.64 | 3.32 | 0.28 | 0.84 | -7.12 | -4.32 | 4.51 | 4.64 | 7.64 | 5.02 | 7.31 | 6.27 | 6.46 | 6.83 | 4.39 | 4.84 | 5.02 | 0.00 |
| Net profit YoY | +7.9% | +54.4% | +4.9% | +14.3% | +73.2% | −3.1% | +256.0% | +208.3% | +45.3% | +3.2% | +278.8% | −471.2% | +123.4% | +183.4% | −93.6% | −81.6% | −194.4% | −181.5% | −38.2% | −26.1% | +18.2% | −27.7% | +66.4% | +29.5% | +28.7% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 379 | 368 | 284 | 296 | 252 | 206 | 182 | 0 |
| Other income | 0.4 | 0.4 | 0.7 | 0.4 | 0.3 | 0.6 | 0.9 | 0 |
| Total expenses | 352 | 347 | 282 | 300 | 229 | 168 | 151 | 0 |
| EBITDA | 52.7 | 47.9 | 32 | 28.8 | 42.7 | 43.4 | 36.2 | 0 |
| EBITDA margin | 13.9% | 13.0% | 11.3% | 9.7% | 16.9% | 21.1% | 19.9% | – |
| Finance costs | 9.3 | 11.4 | 12.9 | 16.1 | 8.4 | 2.3 | 1.6 | 0 |
| Depreciation | 16.6 | 16.4 | 16.7 | 16.7 | 11.3 | 3.4 | 3.4 | 0 |
| Profit before tax | 27.3 | 20.5 | 3.1 | −3.7 | 23.3 | 38.3 | 32.1 | 0 |
| Tax | 6.8 | 5.5 | −0.5 | −0.8 | 9 | 9.8 | 8 | 0 |
| Net profit | 19.9 | 15 | 3.6 | −2.9 | 14.3 | 28.5 | 24.2 | 0 |
| Net margin | 5.3% | 4.1% | 1.3% | -1.0% | 5.7% | 13.9% | 13.3% | – |
| EPS (₹) | 16.04 | 12.44 | 3.49 | -3.14 | 12.47 | 25.06 | 21.10 | 0.00 |
| Net profit YoY | +33.0% | +314.5% | +223.2% | −120.5% | −49.8% | +17.9% | – | – |
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 | 34.4 | 28.4 | 30.3 | 24.8 | 39.7 |
| Investing cash flow | −1.1 | −5.7 | −0.6 | −0.8 | −54.9 |
| Financing cash flow | −32.7 | −24.4 | −30.4 | −26.2 | 12.2 |
| Capital expenditure | 4 | 6.9 | 2.8 | 0.9 | 54.3 |
| Free cash flow (CFO − capex) | 30.4 | 21.5 | 27.5 | 23.8 | −14.6 |
Net profit trend
annual, ₹ croreFY21
₹28.5
FY22
₹14.3−50%
FY23
₹−2.9−121%
FY24
₹3.6+223%
FY25
₹15+314%
FY26
₹19.9+33%
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 | 29 May 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 May 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 20 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 20 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 41.1×14.0×
P/B5Y avg 1.78×1.16×
ROEFY26, on average equity8.5%
Net margin5.3%
Debt / equity0.30×
Revenue CAGR (3Y)8.6%
Profit CAGR (3Y)–
EPS (TTM)₹16.36
Market cap₹285 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.16×
vs 8-point avg 1.78× (−35%)
0.98× low1.78× avg2.37× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹413 Cr−1%
Net worth₹245 Cr+9%
Total borrowings₹73 Cr−24%
Cash & bank balances₹1 Cr+121%
Investments₹2 Cr+100%
Inventories₹82 Cr−0%
Trade receivables₹76 Cr+17%
Trade payables₹67 Cr−13%
Change vs the same date a year earlier.