Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 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 | Q1 FY23 | Q4 FY22 | Q3 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 157 | 289 | 150 | 193 | 236 | 397 | 189 | 169 | 247 | 345 | 150 | 237 | 288 | 331 | 199 | 245 | 220 | 195 | 122 |
| Other income | 2.1 | 5.4 | 2.2 | 2.6 | 3.1 | 2.8 | 3.3 | 2.5 | 4 | 2.8 | 1.7 | 0.1 | 2.1 | 2.2 | 2.2 | 0.5 | 1.1 | 3.7 | 2.2 |
| Total expenses | 154 | 266 | 151 | 194 | 229 | 370 | 192 | 163 | 240 | 328 | 146 | 218 | 270 | 311 | 191 | 227 | 212 | 194 | 122 |
| EBITDA | 20.8 | 39.9 | 16.9 | 17.6 | 24.4 | 47.8 | 18.6 | 23.6 | 26.3 | 37.8 | 17.9 | 32.9 | 31.8 | 32.2 | 18.3 | 27.7 | 17.3 | 10.4 | 8.4 |
| EBITDA margin | 13.2% | 13.8% | 11.2% | 9.2% | 10.3% | 12.0% | 9.8% | 14.0% | 10.6% | 10.9% | 11.9% | 13.9% | 11.0% | 9.7% | 9.2% | 11.3% | 7.9% | 5.4% | 6.9% |
| Finance costs | 10.7 | 11 | 11.7 | 12.7 | 11.7 | 15.4 | 15.8 | 12.8 | 14.1 | 16.5 | 10.3 | 10 | 9.4 | 8.8 | 7.1 | 6.1 | 5.7 | 5.8 | 5.5 |
| Depreciation | 6.1 | 6.1 | 6.2 | 6.5 | 5.7 | 5.4 | 5.3 | 5 | 5.1 | 4 | 4 | 4.2 | 4.2 | 3.4 | 3.5 | 3.5 | 3.6 | 3.7 | 3.3 |
| Profit before tax | 6 | 28.2 | 1.2 | 1 | 10.1 | 29.8 | 0.8 | 8.2 | 11.2 | 20.1 | 5.2 | 18.8 | 20.3 | 22.1 | 15 | 18.7 | 9.1 | 4.6 | 1.7 |
| Tax | 1.9 | 8.7 | 0.8 | 0.3 | 3 | 6.8 | −0 | −3 | 4.1 | 14.8 | 1.5 | 5.4 | 6 | 6.9 | 3.7 | 4.9 | 1.9 | 1.7 | 1.2 |
| Net profit | 3.8 | 19.5 | 0.4 | 0.7 | 7.1 | 22.9 | 0.8 | 11.2 | 7 | 5.2 | 3.7 | 13.4 | 14.3 | 15.2 | 11.3 | 13.7 | 7 | 2.9 | 0.3 |
| Net margin | 2.4% | 6.7% | 0.3% | 0.3% | 3.0% | 5.8% | 0.4% | 6.6% | 2.8% | 1.5% | 2.5% | 5.7% | 5.0% | 4.6% | 5.7% | 5.6% | 3.2% | 1.5% | 0.2% |
| EPS (₹) | 0.52 | 2.71 | 0.05 | 0.08 | 0.96 | 3.08 | 0.10 | 1.53 | 1.15 | 0.93 | 0.70 | 2.51 | 2.76 | 2.98 | 2.24 | 2.73 | 1.40 | 0.58 | 0.06 |
| Net profit YoY | −46.0% | −15.0% | −45.5% | −94.0% | +1.2% | +338.8% | −79.0% | −16.8% | −51.1% | −65.6% | −66.7% | −2.2% | +104.1% | +419.4% | +3714.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 868 | 992 | 1,020 | 996 | 632 |
| Other income | 12 | 12.5 | 6.7 | 5.9 | 6.5 |
| Total expenses | 839 | 955 | 962 | 942 | 614 |
| EBITDA | 100 | 116 | 120 | 95.6 | 50.1 |
| EBITDA margin | 11.5% | 11.7% | 11.8% | 9.6% | 7.9% |
| Finance costs | 47 | 58.2 | 46.1 | 27.7 | 19 |
| Depreciation | 24.5 | 20.7 | 16.4 | 14 | 13.3 |
| Profit before tax | 40.6 | 50 | 64.5 | 64.6 | 24.3 |
| Tax | 12.7 | 7.9 | 27.7 | 17.2 | 8.3 |
| Net profit | 27.7 | 41.9 | 36.7 | 47.4 | 15.3 |
| Net margin | 3.2% | 4.2% | 3.6% | 4.8% | 2.4% |
| EPS (₹) | 3.79 | 5.92 | 6.82 | 9.31 | 3.04 |
| Net profit YoY | −34.0% | +14.2% | −22.5% | +210.1% | – |
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 | 132 | 15.4 | −21.8 | −73.2 | 15.5 |
| Investing cash flow | −35.5 | −29.7 | −94.6 | −77.5 | −51.9 |
| Financing cash flow | −37.6 | 2.4 | 60.4 | 134 | 28.6 |
| Capital expenditure | 38.3 | 57.4 | 66.5 | 0 | 0 |
| Free cash flow (CFO − capex) | 93.7 | −41.9 | −88.3 | −73.2 | 15.5 |
Net profit trend
annual, ₹ croreFY22
₹15.3
FY23
₹47.4+210%
FY24
₹36.7−23%
FY25
₹41.9+14%
FY26
₹27.7−34%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 11 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 11 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 May 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 May 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 17.7×15.9×
P/B5Y avg 2.16×0.69×
ROEFY26, on average equity5.0%
Net margin3.2%
Debt / equity0.74×
Revenue CAGR (3Y)-4.5%
Profit CAGR (3Y)-16.4%
EPS (TTM)₹3.32
Market cap₹389 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.69×
vs 8-point avg 2.16× (−68%)
0.60× low2.16× avg4.07× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,301 Cr+1%
Net worth₹566 Cr+5%
Total borrowings₹421 Cr−1%
Cash & bank balances₹2 Cr−53%
Investments₹4 Cr−0%
Inventories₹640 Cr+30%
Trade receivables₹145 Cr−33%
Trade payables₹244 Cr−6%
Change vs the same date a year earlier.