Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 | Q4 FY19 | Q3 FY18 | Q2 FY18 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,015 | 924 | 933 | 959 | 904 | 891 | 887 | 856 | 843 | 808 | 851 | 779 | 774 | 692 | 686 | 655 | 631 | 617 | 599 | 596 | 602 | 749 | 647 | 576 | 495 | 656 | 674 | 609 | 322 | 314 | 312 | 0 |
| Other income | 4.5 | 10.6 | 5.5 | 5.9 | 5.4 | 7.9 | 8.4 | 6.5 | 7.2 | 6.9 | 9.8 | 10.8 | 6.1 | 9.2 | 19.3 | 7 | 14.5 | 10.5 | 13.8 | 9.3 | 8.9 | 39 | 8.4 | 9.1 | 6.5 | 10.9 | 13.6 | 7.4 | 26.3 | 5.4 | 5 | 0 |
| Total expenses | 1,017 | 955 | 923 | 954 | 897 | 887 | 883 | 845 | 829 | 793 | 828 | 742 | 733 | 693 | 652 | 600 | 582 | 557 | 535 | 526 | 536 | 702 | 580 | 515 | 444 | 617 | 622 | 555 | 314 | 289 | 295 | 0 |
| EBITDA | 105 | 80.4 | 113 | 104 | 107 | 106 | 105 | 107 | 113 | 113 | 121 | 124 | 120 | 102 | 112 | 131 | 121 | 129 | 133 | 135 | 129 | 116 | 141 | 130 | 122 | 114 | 122 | 120 | 77.3 | 77.9 | 85.2 | 0 |
| EBITDA margin | 10.3% | 8.7% | 12.2% | 10.9% | 11.8% | 12.0% | 11.9% | 12.6% | 13.4% | 14.0% | 14.2% | 16.0% | 15.4% | 14.7% | 16.4% | 20.1% | 19.2% | 21.0% | 22.3% | 22.7% | 21.5% | 15.5% | 21.8% | 22.6% | 24.7% | 17.3% | 18.1% | 19.7% | 24.0% | 24.8% | 27.3% | – |
| Finance costs | 9.5 | 11.1 | 10.1 | 8.7 | 8.6 | 8.4 | 8.7 | 6 | 6.6 | 7.3 | 6.5 | 5 | 4.1 | 2.8 | 2.5 | 2.3 | 2.4 | 4.2 | 5.3 | 3.3 | 1.6 | 4.3 | 5 | 5.7 | 8.2 | 13.3 | 9.9 | 9.3 | 11.2 | 5.9 | 17.9 | 0 |
| Depreciation | 96.7 | 100 | 93.8 | 90.9 | 91.4 | 93.7 | 92.8 | 90.5 | 91.9 | 90.4 | 90.9 | 82 | 73.9 | 99.7 | 75.8 | 74.3 | 69.1 | 65.4 | 63.6 | 62.5 | 61.4 | 65.5 | 68.9 | 63.1 | 63 | 62.1 | 60 | 56.9 | 58.2 | 46.6 | 49.6 | 0 |
| Profit before tax | 2.9 | −20.6 | 15 | 10.5 | 12.2 | 12.5 | 12.4 | 17.3 | 22 | 22.1 | 33.1 | 48.1 | 47.7 | −10.1 | 53.2 | 61.7 | 63.9 | 70.5 | 78.4 | 66.6 | 75 | 85.7 | 75.5 | 70.2 | 57.5 | −18.7 | 65.3 | 60.9 | −30.6 | 30.9 | 22.7 | 0 |
| Tax | 1.5 | −6.5 | 3.7 | 3.4 | 4.9 | 0.3 | 3.7 | 4.2 | 6.7 | 5.7 | 8.8 | 12 | 12.5 | −0.4 | 14.1 | 15.1 | 15.7 | 13.9 | 19.5 | 15.8 | 22 | 24 | 22.6 | 19.9 | 11 | 1 | 25.9 | 25.6 | −7 | 11.3 | 6.6 | 0 |
| Net profit | 1.4 | −13.9 | 11.6 | 7.4 | 7.3 | 11.1 | 9.6 | 13.7 | 15 | 16.1 | 24.7 | 35.9 | 35.2 | −10.7 | 39.8 | 47.5 | 48.2 | 56.6 | 58.6 | 50.4 | 53 | 61.7 | 52.4 | 49.9 | 46.5 | −19.4 | 39 | 34.9 | −23.5 | 19.7 | 16 | 0 |
| Net margin | 0.1% | -1.5% | 1.2% | 0.8% | 0.8% | 1.2% | 1.1% | 1.6% | 1.8% | 2.0% | 2.9% | 4.6% | 4.5% | -1.5% | 5.8% | 7.2% | 7.6% | 9.2% | 9.8% | 8.5% | 8.8% | 8.2% | 8.1% | 8.7% | 9.4% | -3.0% | 5.8% | 5.7% | -7.3% | 6.3% | 5.1% | – |
| EPS (₹) | 0.21 | -1.34 | 0.98 | 0.82 | 0.94 | 0.95 | 0.90 | 1.14 | 1.27 | 1.17 | 2.11 | 3.05 | 3.19 | -1.04 | 3.34 | 3.99 | 3.85 | 4.84 | 4.86 | 3.83 | 4.22 | 5.06 | 4.02 | 4.01 | 3.63 | -1.21 | 2.94 | 2.57 | -2.46 | 1.65 | 1.30 | 0.00 |
| Net profit YoY | −81.2% | −225.7% | +20.0% | −46.2% | −51.2% | −31.0% | −61.0% | −61.7% | −57.4% | +249.8% | −38.1% | −24.4% | −27.0% | −118.9% | −32.1% | −5.8% | −9.1% | −8.2% | +12.0% | +1.0% | +14.1% | +417.3% | +34.3% | +42.8% | – | +17.3% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,719 | 3,477 | 3,212 | 2,664 | 2,414 | 2,467 | 2,384 | 1,246 | 1,091 |
| Other income | 27.4 | 30 | 33.6 | 50.1 | 42.5 | 63 | 40.7 | 43.3 | 22.1 |
| Total expenses | 3,729 | 3,443 | 3,095 | 2,526 | 2,154 | 2,241 | 2,199 | 1,181 | 1,009 |
| EBITDA | 405 | 432 | 478 | 466 | 528 | 509 | 462 | 318 | 292 |
| EBITDA margin | 10.9% | 12.4% | 14.9% | 17.5% | 21.9% | 20.6% | 19.4% | 25.5% | 26.8% |
| Finance costs | 38.6 | 29.6 | 22.9 | 9.9 | 14.4 | 23 | 44.9 | 51.4 | 39.3 |
| Depreciation | 376 | 369 | 337 | 319 | 253 | 260 | 232 | 202 | 171 |
| Profit before tax | 17.2 | 64.2 | 151 | 169 | 290 | 289 | 158 | 43.4 | 99.8 |
| Tax | 5.5 | 14.9 | 39.1 | 44.5 | 71.2 | 77.5 | 69.8 | 18.5 | 41.4 |
| Net profit | 12.4 | 49.4 | 112 | 125 | 219 | 210 | 87.7 | 24.8 | 56.4 |
| Net margin | 0.3% | 1.4% | 3.5% | 4.7% | 9.1% | 8.5% | 3.7% | 2.0% | 5.2% |
| EPS (₹) | 1.40 | 4.26 | 9.51 | 10.13 | 17.75 | 16.73 | 6.91 | 1.68 | 5.18 |
| Net profit YoY | −75.0% | −55.8% | −10.4% | −42.9% | +3.9% | +139.9% | +253.8% | – | – |
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 | 360 | 452 | 454 | 584 | 398 |
| Investing cash flow | −273 | −380 | −476 | −462 | −313 |
| Financing cash flow | −80.7 | −111 | −47.5 | −58 | −107 |
| Capital expenditure | 297 | 385 | 470 | 468 | 290 |
| Free cash flow (CFO − capex) | 63.5 | 67.4 | −16.6 | 116 | 108 |
Net profit trend
annual, ₹ croreFY21
₹210
FY22
₹219+4%
FY23
₹125−43%
FY24
₹112−10%
FY25
₹49.4−56%
FY26
₹12.4−75%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 15 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 15 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 15 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 15 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 10 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 25.3×99.3×
P/B5Y avg 1.27×0.55×
ROEFY26, on average equity1.1%
Net margin0.3%
Debt / equity0.20×
Revenue CAGR (3Y)11.8%
Profit CAGR (3Y)-53.7%
EPS (TTM)₹0.57
Market cap₹636 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.55×
vs 8-point avg 1.27× (−56%)
0.55× low1.27× avg1.69× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,276 Cr+0%
Net worth₹1,146 Cr−2%
Total borrowings₹227 Cr−0%
Cash & bank balances₹31 Cr+28%
Investments₹0 Cr
Inventories₹28 Cr+12%
Trade receivables₹545 Cr−7%
Trade payables₹799 Cr−16%
Change vs the same date a year earlier.
Revenue mix FY26
Cable TV Business82.4%result ₹−31.8 Cr
Internet Service15.0%result ₹28.8 Cr
Projects (Including O&M)2.6%result ₹20.9 Cr
Segment revenue as reported, before inter-segment eliminations.