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 | 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 | 309 | 316 | 386 | 281 | 287 | 266 | 317 | 217 | 430 | 391 | 456 | 354 | 424 | 344 | 533 | 428 | 491 | 591 | 732 | 540 | 931 | 1,093 | 888 | 432 | 733 | 765 | 519 | 429 | 0 | 0 |
| Other income | 31.9 | 19.5 | 15.6 | 26.4 | 53.1 | 10.4 | 27.4 | 27 | 35.8 | 79.1 | 35 | 10 | 16.7 | 14.9 | 11.9 | 32.3 | 29.1 | 28.1 | 58.2 | 10.8 | 7.7 | 50.1 | 30.3 | 14.4 | 41 | 19.4 | 26.2 | 38.4 | 0 | 0 |
| Total expenses | 272 | 217 | 270 | 261 | 308 | 307 | 336 | 235 | 477 | 447 | 493 | 426 | 577 | 488 | 564 | 573 | 583 | 689 | 734 | 704 | 905 | 1,069 | 867 | 469 | 748 | 719 | 484 | 479 | 0 | 0 |
| EBITDA | 44.7 | 107 | 125 | 28 | −12.2 | −35.1 | −11.8 | −4.9 | −29.5 | −35.6 | −14.6 | −48.8 | −132 | −119 | −12.5 | −125 | −72.1 | −62.8 | 27.6 | −133 | 56.6 | 65 | 42.2 | −13.5 | 17.5 | 77.5 | 61.2 | −25.1 | 0 | 0 |
| EBITDA margin | 14.5% | 33.7% | 32.4% | 10.0% | -4.3% | -13.2% | -3.7% | -2.3% | -6.9% | -9.1% | -3.2% | -13.8% | -31.2% | -34.6% | -2.3% | -29.2% | -14.7% | -10.6% | 3.8% | -24.6% | 6.1% | 5.9% | 4.8% | -3.1% | 2.4% | 10.1% | 11.8% | -5.8% | – | – |
| Finance costs | 4.5 | 4.4 | 6.3 | 5.7 | 5.6 | 1.6 | 4.1 | 9.4 | 12.1 | 15.3 | 17.3 | 18.2 | 16 | 18.2 | 13.9 | 15.1 | 13.6 | 27.1 | 17.7 | 19.2 | 18.2 | 29.5 | 11 | 8.5 | 18.3 | 7.5 | 12 | 11.5 | 0 | 0 |
| Depreciation | 3.3 | 3 | 3.2 | 2.6 | 3.6 | 3.7 | 3.7 | 3.6 | 4.9 | 5.1 | 5 | 5 | 5 | 5.7 | 5 | 5 | 6.8 | 8.7 | 11.6 | 11.6 | 12.6 | 11.4 | 11.1 | 15 | 14.9 | 23.6 | 13.9 | 14.1 | 0 | 0 |
| Profit before tax | 68.8 | 119 | 103 | 46.1 | 31.7 | −30 | 7.9 | 9.1 | −10.7 | 23.1 | −1.9 | −62 | −136 | −128 | −30.2 | −113 | −63.3 | −145 | 50.8 | −153 | 24.6 | 46.9 | 50.5 | −22.7 | 25.3 | 122 | 38 | −12.3 | 0 | 0 |
| Tax | 2.8 | 2.2 | 4.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.8 | 110 | 0 | −4.2 | 35.2 | 12.5 | −37.8 | 8.6 | 11.8 | 13.1 | −4.6 | 10.5 | 21.5 | 60.3 | −3.5 | 0 | 0 |
| Net profit | 53.7 | 113 | 72.3 | 32.4 | 34.7 | 164 | −18.6 | 66.9 | −9.5 | 25.9 | 0.4 | −61.9 | −136 | −130 | −139 | −113 | −59 | −179 | 38.3 | −115 | 16 | 35.1 | 37.4 | −18 | 14.9 | 101 | −22.3 | −8.8 | 0 | 0 |
| Net margin | 17.4% | 35.8% | 18.8% | 11.5% | 12.1% | 61.7% | -5.9% | 30.8% | -2.2% | 6.6% | 0.1% | -17.5% | -32.1% | -37.6% | -26.1% | -26.3% | -12.0% | -30.3% | 5.2% | -21.3% | 1.7% | 3.2% | 4.2% | -4.2% | 2.0% | 13.2% | -4.3% | -2.0% | – | – |
| EPS (₹) | 9.99 | 18.93 | 14.86 | 7.14 | 5.16 | -3.25 | 1.32 | 1.49 | -1.42 | 3.86 | 0.06 | -9.20 | -20.20 | -19.29 | -20.72 | -16.75 | -8.78 | -26.64 | 5.70 | -17.08 | 2.38 | 5.22 | 5.56 | -2.68 | 2.21 | 14.99 | -3.32 | -1.30 | 0.00 | 0.00 |
| Net profit YoY | +54.8% | −31.1% | +489.2% | −51.6% | +464.1% | +533.2% | −5121.6% | +208.1% | +93.0% | +120.0% | +100.3% | +45.1% | −130.1% | +27.6% | – | −394.0% | +48.7% | −1218.0% | +2.5% | −538.1% | +7.7% | −65.2% | +267.4% | −105.7% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,269 | 1,047 | 1,625 | 1,796 | 2,620 | 3,343 | 2,446 | 1,903 | 1,343 |
| Other income | 115 | 71.3 | 141 | 88.2 | 138 | 102 | 125 | 132 | 135 |
| Total expenses | 1,044 | 1,156 | 1,943 | 2,208 | 2,907 | 3,310 | 2,430 | 1,797 | 1,293 |
| EBITDA | 260 | −70.1 | −231 | −329 | −160 | 150 | 131 | 179 | 125 |
| EBITDA margin | 20.4% | -6.7% | -14.2% | -18.3% | -6.1% | 4.5% | 5.4% | 9.4% | 9.3% |
| Finance costs | 21.9 | 24.7 | 66.7 | 60.7 | 82.4 | 67.2 | 49.3 | 41.1 | 23.7 |
| Depreciation | 12.3 | 14.5 | 20.1 | 22.5 | 43.7 | 50.1 | 66.5 | 31.4 | 50.8 |
| Profit before tax | 312 | −38 | −177 | −334 | −294 | 99.2 | 173 | 146 | 42.3 |
| Tax | 6.2 | 0 | 0 | 109 | −1.8 | 28.8 | 88.7 | 70.8 | 15.7 |
| Net profit | 253 | 203 | −171 | −441 | −289 | 70.5 | 84.6 | 75.4 | 26.6 |
| Net margin | 19.9% | 19.4% | -10.5% | -24.5% | -11.0% | 2.1% | 3.5% | 4.0% | 2.0% |
| EPS (₹) | 47.95 | -3.99 | -25.49 | -65.54 | -42.96 | 10.48 | 12.58 | 11.22 | 3.96 |
| Net profit YoY | +24.4% | +218.5% | +61.1% | −52.5% | −509.9% | −16.7% | +12.2% | +183.4% | – |
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 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 469 | 320 | 173 | 89.8 | 49.1 |
| Investing cash flow | −436 | 54 | −7.4 | 6.2 | −8 |
| Financing cash flow | −47.2 | −65.8 | −240 | −48 | −78.8 |
| Capital expenditure | 2.1 | 5.4 | 6.3 | 2.8 | 4.1 |
| Free cash flow (CFO − capex) | 467 | 314 | 167 | 87 | 45 |
Net profit trend
annual, ₹ croreFY21
₹70.5
FY22
₹−289−510%
FY23
₹−441−53%
FY24
₹−171+61%
FY25
₹203+218%
FY26
₹253+24%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 11 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 11 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)16.6×
P/B7.73×
ROEFY26, on average equity56.2%
Net margin19.9%
Debt / equity0.00×
Revenue CAGR (3Y)-10.9%
Profit CAGR (3Y)–
EPS (TTM)₹40.40
Market cap₹4,502 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹2,138 Cr+6%
Net worth₹583 Cr+84%
Total borrowings₹0 Cr
Cash & bank balances₹425 Cr−3%
Investments₹0 Cr−100%
Inventories₹150 Cr+70%
Trade receivables₹762 Cr−35%
Trade payables₹553 Cr+6%
Change vs the same date a year earlier.