Your investments deserve an analyst, not a dashboard.

Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18

₹ 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	Q1 FY20	Q4 FY19	Q4 FY18
Revenue from operations	81.4	104	75.8	76.9	70.9	94.2	89.1	72	55.8	71.2	59.3	33.2	34.5	46.6	54.4	37.4	42.7	35.4	39	31.5	13.7	31.2	23.2	21.5	3.6	19.1	28	27.6	37	0	25.9
Other income	1.8	3.4	11.1	3.8	1.3	0.1	1.8	1	1.4	0.5	2.5	1.1	0.9	1.4	1.8	1.9	1.4	1.7	0.6	0.7	0.5	0.8	0.2	−0	0.7	2.2	0.7	0.9	0.3	0	0.2
Total expenses	74.8	90.6	79.7	65.7	60	62.8	64.8	56.8	48.4	47.5	40.7	37.1	40.7	42.4	44.7	35.9	39.6	30.9	30.8	28.5	23.6	30.8	21.9	18.7	33	30	30.6	28.6	33.2	0	22
EBITDA	28.1	34.1	15.7	30	29.5	49.8	42.6	29.4	20.4	36.3	30.8	7.7	5.8	16.3	19.4	11	11.7	9.6	13.8	8.6	−4.6	6.7	6.5	7.8	−24.3	−5.3	3.4	5	9.9	0	7.2
EBITDA margin	34.6%	32.7%	20.8%	39.0%	41.6%	52.9%	47.8%	40.8%	36.6%	50.9%	51.9%	23.2%	16.8%	35.0%	35.6%	29.3%	27.5%	27.1%	35.3%	27.3%	-33.9%	21.5%	28.0%	36.4%	-673.8%	-27.8%	12.0%	18.1%	26.8%	–	27.6%
Finance costs	3.1	3.4	2.8	3.1	3.2	3.1	2.6	1.9	1.2	1.4	1.1	0.7	0.7	1.2	0.4	0.6	0.5	0.2	0.9	0.8	0.5	1.3	0.6	0.5	0.6	0.2	0.8	0.7	0.8	0	1
Depreciation	18.4	17.1	16.8	15.6	15.4	15.3	15.7	12.3	11.8	11.2	11.1	10.9	11.3	10.9	9.3	8.9	8.1	4.9	4.6	4.8	4.8	4.9	4.7	4.6	4.6	5.3	5.2	5.3	5.3	0	2.3
Profit before tax	8.3	17.1	2.1	15.1	12.2	31.5	26.1	16.2	8.8	24.1	21.2	−2.8	−5.2	5.6	11.5	3.4	4.4	−38.9	8.8	3.7	−9.4	−29.9	1.4	2.8	−28.7	−8.7	−2	−0.1	4.2	0	4.1
Tax	3	4.4	1.1	3.1	5.2	12.5	5.4	5.2	3.5	9.3	5.4	0.6	0.2	3.6	3.8	0.2	2.5	2.2	2.4	−0.1	−0.6	−2.9	−0.1	0	0.4	0.1	−1.3	−0.8	0.5	0	2.3
Net profit	5.3	12.7	1.1	12.1	7	19	20.7	11.1	5.3	14.8	15.7	−3.4	−5.5	2	7.7	3.2	2	−41.1	6.4	3.8	−8.8	−27	1.5	2.8	−29.1	−8.8	−0.7	0.7	3.7	0	1.8
Net margin	6.5%	12.2%	1.4%	15.7%	9.8%	20.2%	23.3%	15.4%	9.5%	20.8%	26.5%	-10.4%	-15.8%	4.3%	14.2%	8.6%	4.6%	-115.9%	16.4%	12.0%	-64.4%	-86.4%	6.4%	12.9%	-806.7%	-45.9%	-2.4%	2.4%	10.0%	–	6.8%
EPS (₹)	1.26	3.04	0.25	2.89	1.75	4.77	5.22	2.80	1.34	3.78	4.21	-0.49	-1.40	0.63	2.25	1.41	1.23	2.10	2.64	1.80	-2.82	-8.66	1.06	1.56	-8.75	-2.81	0.34	0.78	1.74	0.00	1.41
Net profit YoY	−24.3%	−33.0%	−94.9%	+8.7%	+31.7%	+28.5%	+31.8%	+422.8%	+196.9%	+636.7%	+103.5%	−206.4%	−377.7%	+104.9%	+20.4%	−14.6%	+122.3%	−52.2%	+329.3%	+35.7%	+69.7%	−207.8%	+318.1%	+315.2%	−887.1%	–	–	–	–	−100.0%	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	328	311	198	181	120	79.6	112	115	114
Other income	19.7	4.4	5	6.5	3.4	1.7	4	2.9	4
Total expenses	296	233	166	163	114	104	122	117	94.2
EBITDA	109	142	80.5	58.4	27.5	−3.3	12.9	18.8	35.9
EBITDA margin	33.4%	45.7%	40.6%	32.2%	23.0%	-4.1%	11.6%	16.4%	31.6%
Finance costs	12.5	8.8	3.9	2.7	2.5	2.9	2.5	2.6	2.2
Depreciation	65	55	44.5	37.2	19.1	18.8	21.1	18.8	14.2
Profit before tax	46.5	82.7	37.2	25	−35.9	−54.4	−6.6	0.4	23.5
Tax	13.7	26.6	15.6	10.1	3.8	−2.7	−1.5	4.1	6.5
Net profit	32.8	56.1	21.6	14.9	−39.7	−51.8	−5.1	−3.7	17
Net margin	10.0%	18.0%	10.9%	8.2%	-33.2%	-65.1%	-4.5%	-3.3%	14.9%
EPS (₹)	7.91	14.14	5.78	5.44	4.28	-13.77	0.61	1.73	8.95
Net profit YoY	−41.5%	+159.6%	+44.7%	+137.6%	+23.4%	−918.4%	−36.3%	−121.9%	–

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	15.8	−52.9	19.1	−35.2	27.5
Investing cash flow	−150	−17.1	−79.6	−188	−19.3
Financing cash flow	139	50.5	71.2	215	11.9
Capital expenditure	14.7	3.7	32.7	40.4	8.4
Free cash flow (CFO − capex)	1.1	−56.5	−13.6	−75.6	19.1

Net profit trend

annual, ₹ crore

FY21

₹−51.8

FY22

₹−39.7+23%

FY23

₹14.9+138%

FY24

₹21.6+45%

FY25

₹56.1+160%

FY26

₹32.8−42%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	14 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	14 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	29 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF XBRL
Q4 FY26	Standalone · audited	29 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	12 Feb 2026	PDF XBRL
Q3 FY26	Standalone	12 Feb 2026	PDF XBRL
Q2 FY26	Consolidated	13 Nov 2025	PDF XBRL
Q2 FY26	Standalone	13 Nov 2025	PDF XBRL

Annual reports

NSE archive

FY269.04 MB FY252.90 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 48.8×38.4×

P/B5Y avg 2.89×1.70×

ROEFY26, on average equity5.2%

Net margin10.0%

Debt / equity0.23×

Revenue CAGR (3Y)21.9%

Profit CAGR (3Y)30.0%

EPS (TTM)₹7.44

Market cap₹1,196 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

1.70×

vs 8-point avg 2.89× (−41%)

0.84× low2.89× avg4.31× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹972 Cr+25%

Net worth₹704 Cr+27%

Total borrowings₹160 Cr+46%

Cash & bank balances₹9 Cr+175%

Investments₹0 Cr

Inventories₹0 Cr

Trade receivables₹203 Cr−8%

Trade payables₹41 Cr+10%

Change vs the same date a year earlier.

Shareholding 24 Aug 2026

%	Aug 26	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	May 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24
Promoter	32.73	31.50	31.50	31.52	31.56	31.63	31.63	33.08	33.15	37.34	37.86	37.91
FII	1.44	1.53	2.34	5.33	4.69	4.84	6.29	5.11	7.77	7.97	8.22	8.55
DII	0.60	1.12	2.63	1.97	1.47	1.51	2.51	0.68	0.93	0.19	0.07	0.10
Retail	47.65	49.06	46.75	46.41	46.39	45.97	43.55	44.29	48.34	43.18	40.73	40.28
Other public	17.58	16.79	16.78	14.77	15.89	16.05	16.02	16.84	9.81	11.32	13.12	13.16

40,983 shareholders · NSE shareholding pattern filings.