Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY25
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 558 | 564 | 460 | 431 | 533 | 580 | 447 | 321 |
| Other income | 2 | 5.9 | 2.1 | 3.5 | 0.7 | 9.3 | 3.6 | 1.1 |
| Total expenses | 586 | 503 | 441 | 465 | 556 | 493 | 442 | 386 |
| EBITDA | 0.5 | 86.2 | 43.1 | −7.9 | 5.8 | 112 | 36.1 | −32.6 |
| EBITDA margin | 0.1% | 15.3% | 9.4% | -1.8% | 1.1% | 19.4% | 8.1% | -10.2% |
| Finance costs | 13.9 | 11.3 | 10.2 | 12.3 | 15.3 | 13.1 | 18.9 | 20.3 |
| Depreciation | 14.5 | 13.9 | 13.6 | 13.5 | 13.5 | 12.8 | 12.3 | 12.3 |
| Profit before tax | −25.8 | 70.3 | 13.5 | −56.9 | −22.3 | 95.7 | 8.5 | −64.1 |
| Tax | −6.5 | 17.4 | 5.2 | −15.3 | −6.3 | 23.8 | 2.7 | 10.9 |
| Net profit | −19.3 | 52.9 | 8.3 | −41.6 | −16 | 71.9 | 5.8 | −75 |
| Net margin | -3.5% | 9.4% | 1.8% | -9.7% | -3.0% | 12.4% | 1.3% | -23.4% |
| EPS (₹) | -3.78 | 10.33 | 1.61 | -8.13 | -3.13 | 14.05 | 1.31 | -17.88 |
| Net profit YoY | −20.6% | −26.5% | +43.2% | +44.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 |
|---|---|---|
| Revenue from operations | 1,988 | 1,870 |
| Other income | 12.2 | 16.7 |
| Total expenses | 1,964 | 1,888 |
| EBITDA | 127 | 104 |
| EBITDA margin | 6.4% | 5.5% |
| Finance costs | 49.1 | 71.8 |
| Depreciation | 54.5 | 50.1 |
| Profit before tax | 4.6 | −1.5 |
| Tax | 1 | 21.9 |
| Net profit | 3.5 | −23.4 |
| Net margin | 0.2% | -1.3% |
| EPS (₹) | 0.69 | -5.11 |
| Net profit YoY | +115.1% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 |
|---|---|---|
| Operating cash flow | 171 | 6.2 |
| Investing cash flow | −163 | −68.8 |
| Financing cash flow | −5.7 | 63.7 |
| Capital expenditure | 169 | 71.3 |
| Free cash flow (CFO − capex) | 2.4 | −65.1 |
Net profit trend
annual, ₹ croreFY25
₹−23.4
FY26
₹3.5+115%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 5 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 5 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 22 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 22 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 428.3×5372.5×
P/B5Y avg 1.56×1.54×
ROEFY26, on average equity0.4%
Net margin0.2%
Debt / equity0.67×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹0.04
Market cap₹1,210 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.54×
vs 3-point avg 1.56× (−2%)
0.96× low1.56× avg1.92× high
History points are balance-sheet dates (2025 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,052 Cr+5%
Net worth₹788 Cr+1%
Total borrowings₹530 Cr+8%
Cash & bank balances₹15 Cr+25%
Investments₹0 Cr+1916%
Inventories₹776 Cr+5%
Trade receivables₹114 Cr−18%
Trade payables₹569 Cr+7%
Change vs the same date a year earlier.
Revenue mix FY26
Sugar47.7%result ₹23 Cr
Distillery24.8%result ₹9.5 Cr
Bio Based Chemicals21.6%result ₹36.3 Cr
Cogeneration6.0%result ₹−3.6 Cr
Segment revenue as reported, before inter-segment eliminations.