Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 65.4 | 45.4 | 59.3 | 54.1 | 74.5 | 57.5 | 46.1 | 47 | 57.1 | 109 | 40.1 | 40.2 | 36.4 | 39.6 |
| Other income | 0.2 | 9.9 | 2.4 | 9.2 | 0.2 | 0.1 | 5.4 | 1 | 0.7 | −0.1 | 0.8 | 2 | 1 | 1.2 |
| Total expenses | 65.1 | 72.7 | 64.6 | 66 | 74.6 | 69 | 60.2 | 53 | 57.6 | 97 | 36.4 | 36.6 | 33.7 | 34.9 |
| EBITDA | 8.3 | −19 | 3.2 | −3.6 | 8 | −1.9 | −5.3 | 1.7 | 7.4 | 16.2 | 6.7 | 6.8 | 5.2 | 7.9 |
| EBITDA margin | 12.7% | -41.8% | 5.5% | -6.6% | 10.7% | -3.4% | -11.5% | 3.7% | 13.0% | 14.9% | 16.8% | 16.9% | 14.4% | 20.0% |
| Finance costs | 3.5 | 3.8 | 3.9 | 3.7 | 3.7 | 4.8 | 4.2 | 3.1 | 3.3 | 1 | 1.2 | 1.4 | 0.9 | 0.8 |
| Depreciation | 4.5 | 4.5 | 4.7 | 4.7 | 4.4 | 4.8 | 4.7 | 4.6 | 4.5 | 3.6 | 1.9 | 1.8 | 1.7 | 2.3 |
| Profit before tax | 0.5 | −17.4 | −2.9 | −2.8 | 0.1 | −11.4 | −8.8 | −5 | 0.3 | 11.5 | 4.5 | 5.6 | 3.7 | 5.9 |
| Tax | 0.4 | 5.9 | 0.4 | 1.8 | 0.7 | −0.4 | 1.7 | 1.2 | 1.5 | 0.7 | 1.1 | 2.2 | 1.5 | 0.2 |
| Net profit | 0.1 | −23.4 | −3.3 | −4.6 | −0.6 | −11 | −10.4 | −6.2 | −1.3 | 10.8 | 3.4 | 3.4 | 2.2 | 5.8 |
| Net margin | 0.1% | -51.5% | -5.6% | -8.4% | -0.8% | -19.2% | -22.6% | -13.2% | -2.2% | 10.0% | 8.5% | 8.4% | 6.0% | 14.5% |
| EPS (₹) | 0.04 | -5.27 | -0.71 | -1.10 | -0.10 | -2.48 | -2.45 | -1.51 | -0.29 | 2.48 | 0.77 | 0.64 | 0.51 | 1.68 |
| Net profit YoY | +111.2% | −112.3% | +68.0% | +26.6% | +54.7% | −201.7% | −405.8% | −284.4% | −157.9% | +88.4% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 233 | 208 | 225 | 178 |
| Other income | 21.7 | 7.2 | 3.7 | 2.8 |
| Total expenses | 278 | 240 | 204 | 156 |
| EBITDA | −11.3 | 1.9 | 35 | 35.5 |
| EBITDA margin | -4.9% | 0.9% | 15.5% | 19.9% |
| Finance costs | 15 | 15.4 | 4.5 | 3.6 |
| Depreciation | 18.4 | 18.7 | 8.9 | 9.4 |
| Profit before tax | −23 | −24.9 | 25.3 | 25.3 |
| Tax | 8.8 | 4 | 5.5 | 1.1 |
| Net profit | −31.8 | −28.9 | 19.8 | 24.2 |
| Net margin | -13.7% | -13.9% | 8.8% | 13.6% |
| EPS (₹) | -7.18 | -6.73 | 4.41 | 7.10 |
| Net profit YoY | −10.2% | −246.1% | −18.4% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | 27.5 | −31.2 | −37.3 | 27 |
| Investing cash flow | −10.4 | −6 | 9 | −205 |
| Financing cash flow | −16 | 37.4 | 24.3 | 183 |
| Capital expenditure | 9 | 4.7 | 104 | 114 |
| Free cash flow (CFO − capex) | 18.5 | −35.9 | −141 | −87.4 |
Net profit trend
annual, ₹ croreFY23
₹24.2
FY24
₹19.8−18%
FY25
₹−28.9−246%
FY26
₹−31.8−10%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | – | PDF on NSE XBRL |
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Consolidated | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 25 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 25 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 4 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 4 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 39.2×-4.2×
P/B5Y avg 2.11×0.49×
ROEFY26, on average equity-11.1%
Net margin-13.7%
Debt / equity0.60×
Revenue CAGR (3Y)9.4%
Profit CAGR (3Y)–
EPS (TTM)₹-7.36
Market cap₹132 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.49×
vs 7-point avg 2.11× (−77%)
0.49× low2.11× avg2.96× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹541 Cr−3%
Net worth₹271 Cr−11%
Total borrowings₹163 Cr+7%
Cash & bank balances₹4 Cr+36%
Investments₹0 Cr−100%
Inventories₹87 Cr−8%
Trade receivables₹96 Cr−24%
Trade payables₹42 Cr−10%
Change vs the same date a year earlier.
Revenue mix FY26
United Arab Emirates52.9%result ₹−39.2 Cr
India27.7%result ₹16.4 Cr
United States of America19.4%result ₹−2.9 Cr
Segment revenue as reported, before inter-segment eliminations.