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 | 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 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0 | 0.3 | −0.3 | 5.7 | 11.1 | 60.6 | 63 | 85.1 | 80 | 1,132 | 147 | 1,772 | 161 | 184 | 259 | 246 | 242 | 274 | 260 | 265 | 265 | 223 | 225 | 134 | 178 | 182 | 243 | 0 |
| Other income | 0.3 | 2.6 | −1.5 | 1.3 | 0.8 | 2 | 0.6 | 0.5 | 166 | 12.3 | 1.8 | 11.4 | 1.4 | 2.1 | 2.8 | 3.9 | 8.2 | 1.7 | 4.7 | 2.6 | 0.8 | 63.3 | 3 | 2 | 7.3 | 3.2 | 3.1 | 0 |
| Total expenses | 16 | 15.5 | 27.5 | 25.1 | 34.3 | 87.1 | 79 | 125 | 174 | 2,017 | 214 | 2,275 | 217 | 238 | 298 | 266 | 280 | 296 | 286 | 302 | 274 | 252 | 266 | 206 | 194 | 271 | 318 | 0 |
| EBITDA | −2.4 | −1.9 | −13.7 | −3.4 | −10.7 | −11.7 | −9.1 | 8 | −77.1 | −504 | −30.5 | −139 | −22.6 | −20.2 | −4.3 | 16 | −3.7 | 10.6 | 8.5 | −2 | 27.7 | 9.5 | −6.9 | −35.9 | 2.1 | −48.5 | −29.9 | 0 |
| EBITDA margin | – | -704.6% | 5140.0% | -59.2% | -96.3% | -19.2% | -14.5% | 9.4% | -96.5% | -44.5% | -20.7% | -7.9% | -14.0% | -11.0% | -1.7% | 6.5% | -1.5% | 3.8% | 3.3% | -0.8% | 10.5% | 4.3% | -3.1% | -26.9% | 1.2% | -26.6% | -12.3% | – |
| Finance costs | 7.6 | 7.3 | 8 | 9.8 | 6.5 | 8.6 | 7.1 | 37.9 | 5.1 | 240 | 22.2 | 209 | 17.9 | 17.3 | 17.4 | 17.5 | 17.6 | 14.7 | 16.9 | 17.6 | 19.6 | 19.9 | 15.8 | 17.6 | −1.2 | 21.2 | 26.5 | 0 |
| Depreciation | 6 | 6 | 6.2 | 6.2 | 6 | 6.2 | −0.2 | 9.8 | 12.1 | 141 | 14.5 | 155 | 15.2 | 16.1 | 17.3 | 17.8 | 16.4 | 17.5 | 17.6 | 18 | 16.8 | 18.4 | 18.6 | 19 | 18.7 | 18.9 | 18.5 | 0 |
| Profit before tax | −15.7 | −12.6 | −29.3 | −18.1 | −22.5 | −24.5 | −15.4 | −39.2 | 449 | −873 | −65.4 | −492 | −54.4 | −51.6 | −36.3 | −15.3 | −29.6 | −20 | −21.2 | −35 | −7.8 | 34.5 | −38.3 | −70.5 | −8.2 | −85.3 | −71.8 | 0 |
| Tax | 0 | 56.7 | 0 | −0.1 | −4 | −12.9 | 0.3 | −27.2 | 172 | −237 | −11 | −216 | −15.9 | −31.5 | −0.2 | −3.3 | −0.7 | −5.8 | −1.5 | −11 | −6.5 | 12.7 | −28.1 | −0.1 | −0.4 | 0.4 | −21.1 | 0 |
| Net profit | −15.7 | −69.3 | −29.3 | −18 | −18.5 | −11.6 | −15.7 | −12 | 277 | −636 | −54.4 | −276 | −38.5 | −20.1 | −36 | −12 | −28.8 | −14.2 | −19.7 | −24 | −1.3 | 21.8 | −10.2 | −70.5 | −7.8 | −85.7 | −50.7 | 0 |
| Net margin | – | -25673.0% | 10998.4% | -317.1% | -166.2% | -19.1% | -25.0% | -14.1% | 346.8% | -56.2% | -36.9% | -15.6% | -23.9% | -10.9% | -13.9% | -4.9% | -11.9% | -5.2% | -7.6% | -9.1% | -0.5% | 9.8% | -4.5% | -52.7% | -4.4% | -47.0% | -20.9% | – |
| EPS (₹) | -4.78 | -21.10 | -8.93 | -5.49 | -5.63 | -3.64 | -4.99 | -3.86 | 90.20 | -22.23 | -18.20 | -10.25 | -14.23 | -8.79 | -14.42 | -4.56 | -11.70 | -5.72 | -7.85 | -9.58 | -0.61 | 8.85 | -3.99 | -28.24 | -3.29 | -34.35 | -20.24 | 0.00 |
| Net profit YoY | +15.1% | −498.7% | −86.3% | −50.1% | −106.7% | +98.2% | +71.0% | +95.7% | +820.1% | −3067.8% | – | −666.7% | −220.3% | +30.4% | −82.8% | +50.0% | −2066.5% | −164.8% | −94.0% | +65.9% | +83.0% | +125.5% | +80.0% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 16.8 | 289 | 5,986 | 915 | 1,042 | 847 | 885 | 1,262 |
| Other income | 3.2 | 169 | 54.7 | 12.6 | 17.1 | 69.1 | 16.2 | 30.6 |
| Total expenses | 102 | 465 | 8,603 | 1,093 | 1,165 | 999 | 1,102 | 1,294 |
| EBITDA | −29.7 | −117 | −1,174 | −39.2 | 13.4 | −5.5 | −68.8 | 155 |
| EBITDA margin | -176.6% | -40.7% | -19.6% | -4.3% | 1.3% | -0.7% | -7.8% | 12.3% |
| Finance costs | 31.6 | 31.1 | 850 | 70.1 | 66.8 | 72.9 | 73.8 | 112 |
| Depreciation | 24.4 | 27.9 | 593 | 68.3 | 69.5 | 72.7 | 74.5 | 75.7 |
| Profit before tax | −82.4 | −7.3 | −2,562 | −165 | −106 | −82.1 | −201 | −1.4 |
| Tax | 52.7 | 132 | −721 | −38.7 | −19.1 | −22 | −31.9 | 2.9 |
| Net profit | −135 | 238 | −1,841 | −126 | −86.7 | −60.1 | −169 | −4.3 |
| Net margin | -804.0% | 82.4% | -30.8% | -13.8% | -8.3% | -7.1% | -19.1% | -0.3% |
| EPS (₹) | -41.15 | 74.85 | -64.35 | -48.05 | -34.90 | -23.98 | -67.73 | -1.56 |
| Net profit YoY | −156.8% | +112.9% | −1358.7% | −45.5% | −44.3% | +64.4% | – | – |
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 | 4.5 | −319 | 128 | 38.8 | 76.4 |
| Investing cash flow | 0.4 | 474 | −39.1 | −0.7 | −2.5 |
| Financing cash flow | −15.4 | −298 | 1,420 | −42 | −71.2 |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Free cash flow (CFO − capex) | 4.5 | −319 | 128 | 38.8 | 76.4 |
Net profit trend
annual, ₹ croreFY21
₹−60.1
FY22
₹−86.7−44%
FY23
₹−126−46%
FY24
₹−1,841−1359%
FY25
₹238+113%
FY26
₹−135−157%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 21 Aug 2026 | PDF XBRL |
| Q1 FY27 | Standalone | 21 Aug 2026 | PDF XBRL |
| Q1 FY27 | Standalone | – | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 31 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 31 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 14 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 14 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 9 Dec 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 9 Dec 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 14 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 0.4×-0.1×
P/B5Y avg 18.40×-0.08×
ROEFY26, on average equity231.7%
Net margin-804.0%
Debt / equity-2.21×
Revenue CAGR (3Y)-73.6%
Profit CAGR (3Y)–
EPS (TTM)₹-40.31
Market cap₹9 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
-0.08×
vs 8-point avg 18.40× (−100%)
-0.08× low18.40× avg29.49× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹324 Cr−31%
Net worth₹-122 Cr−2521%
Total borrowings₹268 Cr+13%
Cash & bank balances₹1 Cr−88%
Investments₹0 Cr+0%
Inventories₹9 Cr−69%
Trade receivables₹48 Cr−6%
Trade payables₹91 Cr+12%
Change vs the same date a year earlier.