Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q3 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 176 | 117 | 100 | 112 | 131 | 121 | 114 | 139 | 165 | 161 | 148 | 152 | 161 | 152 | 102 | 169 | 225 | 178 | 158 | 168 | 139 | 159 | 107 |
| Other income | 0.3 | 0.5 | 0.3 | 0.4 | 0.1 | 0.2 | 0.5 | 0.4 | 0.2 | 0.3 | 0.2 | 0.5 | 0.2 | 0.2 | 0.3 | 0 | 0.3 | 0 | 0.1 | 0 | 0.4 | 0.3 | 0 |
| Total expenses | 163 | 113 | 99.7 | 111 | 130 | 120 | 109 | 134 | 147 | 145 | 132 | 139 | 152 | 136 | 102 | 163 | 189 | 162 | 140 | 140 | 110 | 136 | 89.2 |
| EBITDA | 17.9 | 8 | 4.2 | 4.2 | 5.2 | 4.4 | 7.8 | 8.8 | 21.8 | 18.8 | 19.8 | 16.8 | 11.6 | 19.2 | 3.7 | 9.3 | 40.1 | 18.7 | 21.3 | 31.8 | 32.9 | 27.5 | 21.3 |
| EBITDA margin | 10.1% | 6.9% | 4.2% | 3.8% | 4.0% | 3.7% | 6.9% | 6.3% | 13.2% | 11.7% | 13.3% | 11.1% | 7.2% | 12.7% | 3.6% | 5.5% | 17.8% | 10.5% | 13.5% | 18.9% | 23.6% | 17.3% | 19.8% |
| Finance costs | 1.8 | 1.1 | 1 | 0.6 | 1 | 0.9 | 0.9 | 1 | 0.8 | 0.6 | 1 | 1.3 | 1.4 | 1.3 | 0.9 | 1.6 | 2.4 | 1.7 | 1.5 | 2 | 1.6 | 2.1 | 1.6 |
| Depreciation | 2.7 | 2.7 | 2.8 | 2.8 | 2.7 | 2.6 | 2.7 | 2.6 | 2.6 | 2.6 | 2.4 | 2.2 | 2.2 | 2.1 | 2.1 | 2.1 | 1.9 | 1.9 | 1.8 | 1.8 | 1.7 | 1.6 | 1.7 |
| Profit before tax | 13.6 | 4.7 | −0.2 | 1.2 | 1.6 | 1.1 | 4.7 | 5.5 | 18.6 | 15.9 | 16.6 | 13.8 | 8.3 | 16 | 0.9 | 5.6 | 36 | 15.2 | 18.1 | 28 | 29.9 | 24 | 18 |
| Tax | 3.6 | 1 | −0.1 | 0.4 | 0.4 | 0.5 | 1.2 | 1.5 | 4.8 | 4.1 | 4.3 | 3.5 | 2.2 | 4.1 | 0.3 | 1.6 | 9 | 4 | 4.6 | 7.1 | 7.6 | 5.2 | 4.6 |
| Net profit | 10 | 3.7 | −0.1 | 0.8 | 1.2 | 0.6 | 3.5 | 4 | 13.9 | 11.8 | 12.3 | 10.3 | 6.1 | 11.9 | 0.6 | 4 | 27 | 11.2 | 13.5 | 20.9 | 22.3 | 18.8 | 13.4 |
| Net margin | 5.7% | 3.2% | -0.1% | 0.7% | 0.9% | 0.5% | 3.1% | 2.9% | 8.4% | 7.3% | 8.3% | 6.8% | 3.8% | 7.8% | 0.6% | 2.4% | 12.0% | 6.3% | 8.5% | 12.4% | 16.0% | 11.8% | 12.5% |
| EPS (₹) | 7.95 | 2.85 | -0.07 | 0.59 | 0.90 | 0.46 | 2.70 | 3.08 | 10.64 | 9.03 | 9.47 | 7.90 | 4.70 | 9.11 | 0.47 | 3.07 | 20.76 | 8.63 | 10.33 | 16.05 | 17.14 | 14.46 | 10.29 |
| Net profit YoY | +753.3% | +521.8% | −102.8% | −80.7% | −91.5% | −95.0% | −71.5% | −61.0% | +126.2% | −0.8% | +1926.1% | +156.9% | −77.3% | +5.5% | −95.5% | −80.8% | +21.1% | −40.3% | +0.4% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 460 | 538 | 621 | 648 | 643 | 397 |
| Other income | 1.3 | 1.3 | 1.1 | 0.7 | 0.4 | 0.3 |
| Total expenses | 453 | 509 | 568 | 590 | 552 | 341 |
| EBITDA | 21.6 | 42.8 | 67 | 72.3 | 105 | 68.7 |
| EBITDA margin | 4.7% | 8.0% | 10.8% | 11.2% | 16.3% | 17.3% |
| Finance costs | 3.7 | 3.7 | 4.2 | 6.3 | 6.9 | 6.8 |
| Depreciation | 11 | 10.5 | 9.3 | 8.2 | 7.1 | 6.6 |
| Profit before tax | 7.3 | 29.9 | 54.6 | 58.6 | 91.2 | 55.6 |
| Tax | 1.8 | 7.9 | 14.1 | 15.1 | 23.3 | 13.1 |
| Net profit | 5.5 | 22 | 40.5 | 43.5 | 67.9 | 42.5 |
| Net margin | 1.2% | 4.1% | 6.5% | 6.7% | 10.6% | 10.7% |
| EPS (₹) | 4.28 | 16.88 | 31.10 | 33.41 | 52.15 | 32.63 |
| Net profit YoY | −74.8% | −45.7% | −6.9% | −35.9% | +59.8% | – |
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 | 41.6 | −16.8 | 74.5 | 49.6 | 40.5 |
| Investing cash flow | −13.7 | −25.5 | −17.6 | −14.5 | −34.2 |
| Financing cash flow | −27.9 | 42.3 | −56.9 | −35.1 | −6.3 |
| Capital expenditure | 15.3 | 26.1 | 18.1 | 14.7 | 34.6 |
| Free cash flow (CFO − capex) | 26.3 | −42.9 | 56.4 | 34.9 | 5.9 |
Net profit trend
annual, ₹ croreFY21
₹42.5
FY22
₹67.9+60%
FY23
₹43.5−36%
FY24
₹40.5−7%
FY25
₹22−46%
FY26
₹5.5−75%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 27 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 6 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 11 Aug 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 27 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 12 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 12 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 5 Aug 2024 | PDF on NSE XBRL |
| Q4 FY24 | Standalone · audited | 23 May 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 53.0×58.8×
P/B5Y avg 4.93×3.22×
ROEFY26, on average equity2.0%
Net margin1.2%
Debt / equity0.32×
Revenue CAGR (3Y)-10.8%
Profit CAGR (3Y)-49.7%
EPS (TTM)₹11.42
Market cap₹846 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.22×
vs 8-point avg 4.93× (−35%)
2.07× low4.93× avg10.04× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹391 Cr−3%
Net worth₹263 Cr−13%
Total borrowings₹84 Cr+33%
Cash & bank balances₹0 Cr+65%
Investments₹0 Cr
Inventories₹92 Cr+4%
Trade receivables₹68 Cr−21%
Trade payables₹11 Cr+33%
Change vs the same date a year earlier.