Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY20
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 408 | 327 | 367 | 387 | 374 | 299 | 334 | 363 | 349 | 281 | 305 | 3.6 | 364 | 286 | 330 | 376 | 335 | 241 | 326 | 357 | 282 | 273 | 340 | 373 | 263 | 224 | 317 | 348 |
| Other income | 0.3 | 0.6 | 0.4 | 0.3 | 2.4 | 0.3 | 0.3 | 0.7 | 0.2 | −0.4 | 0.4 | 0 | 2.8 | 7.6 | 0 | 0.5 | 0.4 | 0.9 | 1.7 | 1.2 | 0.9 | −29.8 | 11.4 | 11 | 11.7 | 12.1 | 10.5 | 16.4 |
| Total expenses | 357 | 312 | 346 | 350 | 333 | 287 | 318 | 328 | 314 | 272 | 295 | 3.3 | 336 | 313 | 323 | 355 | 311 | 294 | 303 | 320 | 244 | 250 | 291 | 318 | 243 | 220 | 307 | 344 |
| EBITDA | 61.2 | 28 | 33 | 49.1 | 53.7 | 25.6 | 29.2 | 47.8 | 49.8 | 25.5 | 24.7 | 0.5 | 43.8 | 1 | 24 | 43 | 42.1 | −35.6 | 40.6 | 56.6 | 59 | 41 | 68.4 | 75.8 | 41.3 | 28.4 | 35.8 | 31.8 |
| EBITDA margin | 15.0% | 8.6% | 9.0% | 12.7% | 14.3% | 8.6% | 8.8% | 13.2% | 14.2% | 9.1% | 8.1% | 12.7% | 12.0% | 0.4% | 7.3% | 11.4% | 12.6% | -14.8% | 12.4% | 15.8% | 20.9% | 15.0% | 20.1% | 20.3% | 15.7% | 12.7% | 11.3% | 9.1% |
| Finance costs | 3.2 | 3.6 | 4.8 | 4.9 | 5.7 | 5.8 | 6.6 | 6.3 | 7 | 7.2 | 7.9 | 0.1 | 9 | 20.7 | 9.6 | 15.7 | 10.6 | 10.5 | 10.8 | 12.5 | 14.3 | 11.6 | 11.9 | 14.5 | 14 | 16.9 | 18.1 | 19.6 |
| Depreciation | 7.3 | 8.9 | 7 | 7.2 | 7.1 | 7.9 | 7 | 7.2 | 7.5 | 9 | 6.9 | 0.1 | 7.2 | 7.1 | 6.9 | 6.9 | 6.6 | 7 | 6.9 | 6.8 | 6.8 | 6.5 | 6.7 | 7 | 7 | 7.2 | 7 | 7.6 |
| Profit before tax | 50.9 | 119 | 12.2 | −0.4 | 36.3 | 12.2 | 15.9 | 35 | 35.4 | 8.9 | 10.3 | 0.3 | 30.5 | −19.1 | 7.6 | 20.9 | 25.3 | −52.2 | 24.6 | 38.5 | 38.9 | −637 | 61.1 | 65.2 | 32 | 78.1 | 111 | 21 |
| Tax | 14 | −22.9 | 4.8 | 7.5 | 6 | 1.7 | 2.8 | 5.5 | 6.1 | 0.8 | 1.9 | 0.1 | 5.6 | −4.7 | 2.1 | 6.2 | 3.5 | −13.8 | 0.9 | 7.2 | 7.7 | −195 | 10.7 | 7.2 | 6.7 | 15 | 20.6 | 2.7 |
| Net profit | 37 | 142 | 7.5 | −7.9 | 30.2 | 10.4 | 13.1 | 29.6 | 29.4 | 8.1 | 8.4 | 0.3 | 24.9 | −14.4 | 5.4 | 14.7 | 21.9 | −38.4 | 23.7 | 31 | 30.1 | −443 | 48.8 | 57.2 | 25 | 63.1 | 90.2 | 18.1 |
| Net margin | 9.1% | 43.3% | 2.0% | -2.0% | 8.1% | 3.5% | 3.9% | 8.2% | 8.4% | 2.9% | 2.8% | 7.0% | 6.8% | -5.0% | 1.6% | 3.9% | 6.5% | -15.9% | 7.3% | 8.7% | 10.7% | -162.3% | 14.3% | 15.4% | 9.5% | 28.1% | 28.4% | 5.2% |
| EPS (₹) | 5.09 | 19.50 | 1.02 | -1.09 | 4.16 | 1.43 | 1.80 | 4.07 | 4.04 | 1.11 | 1.16 | 3.50 | 3.42 | -1.98 | 0.75 | 2.03 | 3.01 | -5.28 | 3.26 | 4.27 | 4.15 | -60.88 | 6.71 | 7.87 | 3.25 | 8.68 | 0.00 | 2.49 |
| Net profit YoY | +22.3% | +1260.5% | −43.1% | −126.8% | +3.0% | +29.4% | +55.8% | +11519.5% | +18.1% | +155.9% | +54.6% | −98.3% | +13.8% | +62.5% | −77.1% | −52.5% | −27.5% | +91.3% | −51.4% | −45.8% | +20.6% | −801.7% | −45.9% | +215.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,455 | 1,345 | 1,314 | 1,328 | 1,207 | 1,249 | 1,221 |
| Other income | 3.7 | 1.5 | 2.9 | 8.6 | 4.7 | 4.2 | 46.6 |
| Total expenses | 1,341 | 1,247 | 1,237 | 1,302 | 1,162 | 1,102 | 1,199 |
| EBITDA | 164 | 152 | 140 | 110 | 121 | 226 | 121 |
| EBITDA margin | 11.3% | 11.3% | 10.7% | 8.3% | 10.0% | 18.1% | 9.9% |
| Finance costs | 19 | 25.7 | 32.3 | 56.6 | 48 | 52 | 70.7 |
| Depreciation | 30.2 | 29.6 | 30.3 | 27.4 | 27.5 | 27.2 | 29 |
| Profit before tax | 167 | 98.5 | 80.6 | 34.7 | 49.8 | −478 | 219 |
| Tax | −4.7 | 16.1 | 13.9 | 7 | 2 | −171 | 40.5 |
| Net profit | 172 | 82.4 | 66.8 | 27.6 | 46.5 | −312 | 178 |
| Net margin | 11.8% | 6.1% | 5.1% | 2.1% | 3.9% | -24.9% | 14.6% |
| EPS (₹) | 23.60 | 11.34 | 9.18 | 3.80 | 6.39 | -42.86 | 24.53 |
| Net profit YoY | +108.1% | +23.5% | +141.6% | −40.5% | +114.9% | −274.7% | – |
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 | 83.4 | 130 | 154 | 36.6 | 134 |
| Investing cash flow | 63.3 | −95.5 | −22.9 | −19.5 | −55.3 |
| Financing cash flow | −146 | −35.9 | −127 | −59.1 | −108 |
| Capital expenditure | 94.8 | 96.5 | 34.3 | 24.4 | 11.9 |
| Free cash flow (CFO − capex) | −11.5 | 33.2 | 120 | 12.2 | 122 |
Net profit trend
annual, ₹ croreFY21
₹−312
FY22
₹46.5+115%
FY23
₹27.6−41%
FY24
₹66.8+142%
FY25
₹82.4+23%
FY26
₹172+108%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 8 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 8 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 5 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 5 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 5 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 5 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 5 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 5 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 37.8×13.1×
P/B5Y avg 101.46×3.76×
ROEFY26, on average equity31.6%
Net margin11.8%
Debt / equity0.29×
Revenue CAGR (3Y)3.1%
Profit CAGR (3Y)83.8%
EPS (TTM)₹24.53
Market cap₹2,340 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.76×
vs 8-point avg 101.46× (−96%)
3.06× low101.46× avg770.38× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,214 Cr+12%
Net worth₹623 Cr+35%
Total borrowings₹179 Cr−38%
Cash & bank balances₹8 Cr+24%
Investments₹0 Cr−100%
Inventories₹302 Cr+5%
Trade receivables₹117 Cr+15%
Trade payables₹212 Cr+3%
Change vs the same date a year earlier.