Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q4 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 157 | 95.6 | 70 | 43.8 | 36.1 | 33.5 | 41.6 | 47.6 | 41.3 | 29.4 | 24 | 21.6 | 19.5 | 17.6 | 16.9 | 16.5 | 14.2 |
| Other income | 11.4 | 5.5 | 5.2 | 8.3 | 15 | 25.4 | 12.8 | 0.9 | 0.3 | 0.2 | 0.6 | 0.4 | 0.4 | 0.4 | 0.2 | 0.1 | 0.1 |
| Total expenses | 110 | 92.6 | 82.8 | 70.6 | 54.9 | 41.3 | 38.9 | 32.3 | 28.1 | 24.1 | 17.2 | 13.4 | 11.3 | 14.7 | 14.1 | 13.1 | 13.4 |
| EBITDA | 118 | 58.1 | 39.6 | 18 | 10.5 | 13.3 | 24.6 | 31.4 | 27.3 | 15.2 | 11.2 | 11.2 | 10.3 | 9 | 8.5 | 8.3 | 6.4 |
| EBITDA margin | 75.2% | 60.7% | 56.6% | 41.1% | 29.1% | 39.9% | 59.1% | 66.1% | 66.0% | 51.8% | 46.9% | 51.6% | 52.9% | 51.3% | 50.0% | 50.2% | 44.9% |
| Finance costs | 10.1 | 3.7 | 4.7 | 2 | 1.8 | 2.2 | 4 | 3.6 | 3.4 | 2.2 | 0.8 | 0.4 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 |
| Depreciation | 60.6 | 51.3 | 47.6 | 42.8 | 27.4 | 19 | 17.8 | 12.6 | 10.7 | 7.7 | 3.6 | 2.5 | 1.9 | 6 | 5.6 | 4.7 | 5.5 |
| Profit before tax | 58.6 | 8.6 | −7.5 | −18.5 | −3.8 | 17.6 | 15.5 | 16.1 | 13.6 | 5.6 | 7.4 | 8.7 | 8.5 | 3.3 | 2.9 | 3.6 | 0.9 |
| Tax | 14.7 | 2.1 | −1.8 | −5 | −0.9 | 4 | 3.9 | 4 | 3.4 | 2 | 1.8 | 2.9 | 1.6 | 0.7 | 0.7 | 0.9 | −1.2 |
| Net profit | 43.9 | 6.4 | −5.7 | −13.5 | −2.8 | 13.6 | 11.6 | 12.1 | 10.1 | 3.5 | 5.6 | 5.8 | 7 | 2.5 | 2.2 | 2.6 | 2 |
| Net margin | 28.0% | 6.7% | -8.1% | -30.7% | -7.9% | 40.7% | 27.9% | 25.5% | 24.5% | 12.0% | 23.3% | 26.7% | 35.8% | 14.4% | 13.0% | 15.9% | 14.4% |
| EPS (₹) | 2.14 | 3.21 | -2.85 | -6.75 | -1.42 | 8.11 | 7.35 | 8.24 | 7.00 | 2.44 | 3.85 | 4.00 | 4.82 | 1.75 | 1.52 | 1.83 | 1.41 |
| Net profit YoY | +1644.4% | −52.7% | −149.2% | −210.8% | −128.0% | +285.9% | +107.9% | +109.7% | +45.5% | +39.2% | +154.3% | +120.3% | – | +24.2% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 246 | 164 | 94.5 | 66.2 | 51.9 |
| Other income | 34 | 39.4 | 1.6 | 0.8 | 0.4 |
| Total expenses | 301 | 141 | 65.9 | 53.7 | 46.9 |
| EBITDA | 126 | 96.7 | 47.9 | 33.1 | 22.9 |
| EBITDA margin | 51.4% | 59.0% | 50.8% | 49.9% | 44.2% |
| Finance costs | 12.2 | 13.2 | 3.6 | 0.5 | 0.2 |
| Depreciation | 169 | 60.1 | 15.7 | 20.1 | 17.8 |
| Profit before tax | −21.2 | 62.8 | 30.2 | 13.2 | 5.3 |
| Tax | −5.6 | 15.3 | 8.3 | 3.3 | −1.2 |
| Net profit | −15.6 | 47.5 | 21.9 | 9.9 | 6.5 |
| Net margin | -6.3% | 29.0% | 23.1% | 15.0% | 12.4% |
| EPS (₹) | -7.75 | 28.28 | 15.11 | 6.85 | 4.46 |
| Net profit YoY | −132.8% | +117.2% | +120.7% | +53.6% | – |
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 | 122 | 88.5 | 42.9 | 35.5 | 25.9 |
| Investing cash flow | −429 | −983 | −144 | −20.7 | −19.2 |
| Financing cash flow | 165 | 1,350 | 92.4 | −2.4 | −2 |
| Capital expenditure | 1,262 | 126 | 146 | 18.9 | 21.4 |
| Free cash flow (CFO − capex) | −1,140 | −37.5 | −103 | 16.6 | 4.5 |
Net profit trend
annual, ₹ croreFY22
₹6.5
FY23
₹9.9+54%
FY24
₹21.9+121%
FY25
₹47.5+117%
FY26
₹−15.6−133%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 21 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 21 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 20 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 15 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 23 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 17 Apr 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 7.1×43.0×
P/B5Y avg 0.97×0.80×
ROEFY26, on average equity-0.9%
Net margin-6.3%
Debt / equity0.09×
Revenue CAGR (3Y)54.8%
Profit CAGR (3Y)–
EPS (TTM)₹15.16
Market cap₹1,341 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.80×
vs 8-point avg 0.97× (−18%)
0.25× low0.97× avg2.60× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,328 Cr−10%
Net worth₹1,685 Cr+6%
Total borrowings₹159 Cr+118%
Cash & bank balances₹322 Cr−31%
Investments₹44 Cr
Inventories₹0 Cr
Trade receivables₹17 Cr+76%
Trade payables₹13 Cr+77%
Change vs the same date a year earlier.