Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q2 FY23
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 458 | 424 | 416 | 416 | 434 | 466 | 474 | 692 | 688 | 646 | 593 | 547 | 531 | 501 | 459 | 440 |
| Other income | 0.1 | 6.1 | 7.7 | 16.9 | 11.1 | 9.9 | 8.7 | 12.2 | 18.4 | 29.2 | 20.2 | 24.6 | 21.7 | 19.8 | 7.9 | 12.6 |
| Total expenses | 396 | 393 | 410 | 455 | 538 | 641 | 990 | 1,114 | 757 | 503 | 447 | 406 | 393 | 369 | 333 | 326 |
| EBITDA | 214 | 166 | 132 | 97.7 | 47.9 | 8.2 | −299 | −192 | 157 | 360 | 350 | 334 | 323 | 309 | 296 | 272 |
| EBITDA margin | 46.7% | 39.1% | 31.8% | 23.5% | 11.0% | 1.8% | -63.2% | -27.8% | 22.8% | 55.8% | 59.0% | 61.1% | 60.8% | 61.6% | 64.5% | 62.0% |
| Finance costs | 150 | 132 | 123 | 134 | 149 | 179 | 214 | 227 | 223 | 215 | 201 | 191 | 183 | 174 | 168 | 157 |
| Depreciation | 1.7 | 2.2 | 2.5 | 2.5 | 2.4 | 3.3 | 3.2 | 2.9 | 2.4 | 2.8 | 2.4 | 2.1 | 1.8 | 2.3 | 2 | 1.7 |
| Profit before tax | 62.4 | 37.4 | 14.1 | −22.1 | −92.3 | −165 | −508 | −410 | −50.7 | 172 | 167 | 166 | 159 | 152 | 134 | 126 |
| Tax | 0 | −76.8 | 0 | 0 | 0 | 0 | 212 | −105 | −15.1 | 39 | 40.1 | 39.9 | 39 | 37.4 | 31.4 | 31 |
| Net profit | 62.4 | 114 | 14.1 | −22.1 | −92.3 | −165 | −719 | −305 | −35.6 | 133 | 126 | 126 | 120 | 115 | 102 | 95.1 |
| Net margin | 13.6% | 26.9% | 3.4% | -5.3% | -21.2% | -35.3% | -151.8% | -44.1% | -5.2% | 20.5% | 21.3% | 23.0% | 22.7% | 22.9% | 22.3% | 21.6% |
| EPS (₹) | 3.86 | 7.06 | 1.05 | -1.69 | -7.44 | -14.97 | -71.46 | -30.31 | -3.54 | 13.20 | 12.58 | 12.52 | 12.00 | 12.81 | 11.14 | 11.48 |
| Net profit YoY | +167.7% | +169.4% | +102.0% | +92.7% | −159.0% | −224.0% | −668.9% | −342.7% | −129.6% | +15.9% | +23.4% | +32.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 1,699 | 2,320 | 2,317 | 1,742 |
| Other income | 34 | 49.1 | 95.7 | 58 |
| Total expenses | 1,795 | 3,502 | 1,749 | 1,288 |
| EBITDA | 451 | −327 | 1,367 | 1,104 |
| EBITDA margin | 26.6% | -14.1% | 59.0% | 63.4% |
| Finance costs | 539 | 844 | 791 | 643 |
| Depreciation | 9.6 | 11.7 | 9 | 7.4 |
| Profit before tax | −62.9 | −1,133 | 663 | 512 |
| Tax | −76.8 | 91.5 | 158 | 125 |
| Net profit | 13.9 | −1,225 | 505 | 387 |
| Net margin | 0.8% | -52.8% | 21.8% | 22.2% |
| EPS (₹) | 1.01 | -111.41 | 50.30 | 43.29 |
| Net profit YoY | +101.1% | −342.3% | +30.5% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | 1,146 | 1,448 | −1,350 | −1,663 |
| Investing cash flow | 12.2 | 74.4 | 31.5 | 17.9 |
| Financing cash flow | −66.6 | −2,214 | 1,843 | 1,584 |
| Capital expenditure | 1.7 | 6.6 | 16.5 | 7.5 |
| Free cash flow (CFO − capex) | 1,145 | 1,441 | −1,367 | −1,671 |
Net profit trend
annual, ₹ croreFY23
₹387
FY24
₹505+31%
FY25
₹−1,225−342%
FY26
₹13.9+101%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 11 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 15 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 4 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 24 May 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 13 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 16 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 7 Aug 2024 | PDF on NSE XBRL |
| Q4 FY24 | Standalone · audited | 7 May 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 63.9×17.0×
P/B5Y avg 2.03×1.17×
ROEFY26, on average equity0.7%
Net margin0.8%
Debt / equity2.12×
Revenue CAGR (3Y)-0.8%
Profit CAGR (3Y)-67.0%
EPS (TTM)₹10.43
Market cap₹2,861 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.17×
vs 7-point avg 2.03× (−43%)
0.91× low2.03× avg3.61× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹8,295 Cr+0%
Net worth₹2,456 Cr+49%
Total borrowings₹5,211 Cr−16%
Cash & bank balances₹1,875 Cr+139%
Investments₹2 Cr−0%
Inventories₹0 Cr
Trade receivables₹7 Cr+100%
Change vs the same date a year earlier.