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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	Q3 FY19	Q2 FY19	Q4 FY18
Revenue from operations	4.2	5.3	4.2	5.1	7	4.7	5.7	6.8	7.5	6.7	8.2	6	11.3	8.3	7.1	6.9	9.1	13.9	12.4	15.5	27.6	43.5	72	132	106	228	429	582	1,117	1,084	1,067
Other income	3.7	7.8	7.4	12	5.7	4.5	9.1	5.6	6.3	8.3	7.6	8.5	5.4	7.8	4	6.8	4.8	12	2.4	18.9	8.2	78.6	14.3	11	9.4	26	9.1	24	22.6	23.6	41.9
Total expenses	24.5	26.8	19.2	22.6	17.3	18.9	20	20.2	17.9	20.4	25.1	21.7	22.6	30.6	24.2	23.8	28.8	44.7	29.6	55.2	57.2	162	121	226	152	319	514	656	1,167	1,141	1,158
EBITDA	−13.7	−16.8	−14.9	−17.4	−10.1	−14.1	−14.2	−13.2	−10.3	−13.6	−16.7	−15.4	−11	−22.2	−16.8	−16.4	−18.1	−28.3	−14.3	−36	−23.5	−108	−36	−78.3	−29.1	−71.6	−64.1	−46.7	−14.5	−20.8	−53.2
EBITDA margin	-328.0%	-318.8%	-352.4%	-343.4%	-144.1%	-303.7%	-248.2%	-194.3%	-138.0%	-201.9%	-204.7%	-257.1%	-97.5%	-268.2%	-236.6%	-236.4%	-198.8%	-204.5%	-115.3%	-231.8%	-84.9%	-248.6%	-50.0%	-59.5%	-27.5%	-31.5%	-14.9%	-8.0%	-1.3%	-1.9%	-5.0%
Finance costs	6.6	4.6	0	0	0	0	0	0.1	0	0	0.1	0.1	0.2	0.1	0.1	0.3	1.4	2.3	2.6	3.1	5.6	9.6	11.7	15.3	15.8	18.3	19.8	25.5	30.3	30.2	31.6
Depreciation	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1	0.2	0.2	0.2	0.5	0.6	0.8	0.9	1.2	1.4	1.7	1.7	2.5	5.4	5.5	5.8
Profit before tax	−16.7	−13.2	−9.8	−5.5	−4.5	−3.9	−5.3	−7.8	−4.1	−5.5	−9.3	4.8	−5.9	−5.6	−13.1	−10.1	−10	−20.6	−7.3	13.1	40.6	−39.9	−34.3	−83.7	−36.9	−68.6	−76.5	−41.2	−27.6	−32.9	−80.1
Tax	0	0	0	0	0	0	0	0	0	0.1	0	0	0	0.1	0	0	0	1.2	0	0	0	2	0	0	0	1.5	60.6	0	2.5	0.6	7.8
Net profit	−16.7	−13.2	−9.8	−5.5	−4.5	−3.9	−5.3	−7.8	−4.1	−5.5	−9.3	4.8	−5.9	−5.7	−13.1	−10.1	−10	−21.8	−7.3	13.1	40.6	−41.8	−34.3	−83.7	−36.9	−70.9	14.5	−39.9	−29.7	−33	−241
Net margin	-399.0%	-249.4%	-231.0%	-108.5%	-64.0%	-83.9%	-92.1%	-115.5%	-55.3%	-82.3%	-114.0%	80.8%	-52.1%	-68.4%	-184.1%	-145.6%	-109.4%	-157.2%	-59.1%	84.1%	147.0%	-96.3%	-47.6%	-63.6%	-34.9%	-31.2%	3.4%	-6.9%	-2.7%	-3.0%	-22.6%
EPS (₹)	-0.51	-0.40	-0.30	-0.17	-0.14	-0.12	-0.16	-0.24	-0.13	-0.17	-0.28	0.15	-0.18	-0.17	-0.40	-0.31	-0.30	-0.66	-0.22	0.40	1.23	-1.27	-1.04	-2.54	-1.12	-2.13	-4.17	-1.25	-0.91	-1.02	-2.67
Net profit YoY	−270.7%	−237.7%	−85.7%	+29.8%	−9.0%	+29.5%	+43.5%	−262.0%	+29.9%	+2.1%	+28.8%	+148.0%	+41.0%	+74.1%	−78.1%	−177.2%	−124.6%	+47.9%	+78.6%	+115.6%	+210.1%	+41.0%	−336.7%	−109.7%	–	–	+148.8%	−21.0%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	21.6	24.6	32.2	31.4	69.4	353	1,815	3,612
Other income	32.9	25.5	29.8	23.4	41.5	113	76.8	130
Total expenses	85.8	77	89.8	107	187	661	2,132	3,912
EBITDA	−59.2	−51.8	−56.7	−73.5	−102	−251	−218	−133
EBITDA margin	-274.0%	-210.4%	-176.2%	-233.9%	-147.1%	-71.3%	-12.0%	-3.7%
Finance costs	4.7	0.2	0.4	1.9	13.7	52.4	90.4	139
Depreciation	0.3	0.5	0.5	0.6	1.5	4.3	8.8	27.5
Profit before tax	−32.9	−21.1	−15.8	−38.7	25.7	−195	−228	−202
Tax	0	0	0.1	0.1	1.2	2	62.2	5.6
Net profit	−32.9	−21.1	−15.9	−38.8	24.5	−197	−136	−814
Net margin	-152.3%	-85.8%	-49.4%	-123.5%	35.3%	-55.8%	-7.5%	-22.5%
EPS (₹)	-1.00	-0.64	-0.48	-1.18	0.74	-5.98	-8.80	-8.09
Net profit YoY	−55.9%	−32.9%	+59.1%	−258.2%	+112.5%	−44.3%	–	–

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	−0.4	−28.2	−36.2	73.6	101
Investing cash flow	0.5	22.9	30.8	−15.2	20.8
Financing cash flow	−0	−0.2	−0.4	−61.9	−139
Capital expenditure	0.4	0.3	0.2	0.4	0.2
Free cash flow (CFO − capex)	−0.8	−28.5	−36.4	73.1	101

Net profit trend

annual, ₹ crore

FY21

₹−197

FY22

₹24.5+112%

FY23

₹−38.8−258%

FY24

₹−15.9+59%

FY25

₹−21.1−33%

FY26

₹−32.9−56%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	6 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	6 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	20 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	20 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	13 Feb 2026	PDF XBRL
Q3 FY26	Standalone	13 Feb 2026	PDF XBRL
Q2 FY26	Consolidated	6 Nov 2025	PDF XBRL
Q2 FY26	Standalone	6 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	6 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY261.82 MB FY253.52 MB FY24 FY23 FY22 FY20 FY19 FY18 FY17 FY16

Key ratios

P/E (TTM)-7.7×

P/B-1.17×

ROEFY26, on average equity11.2%

Net margin-152.3%

Debt / equity-1.12×

Revenue CAGR (3Y)-11.7%

Profit CAGR (3Y)–

EPS (TTM)₹-1.37

Market cap₹348 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₹440 Cr+2%

Net worth₹-297 Cr−2%

Total borrowings₹333 Cr−6%

Cash & bank balances₹9 Cr+6%

Investments₹29 Cr−20%

Inventories₹0 Cr−7%

Trade receivables₹16 Cr−3%

Trade payables₹49 Cr−14%

Change vs the same date a year earlier.

Revenue mix FY24

Hardware Products and Solutions86.0%result ₹−28.3 Cr

Distribution14.0%result ₹1 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	62.89	62.89	62.89	62.89	62.89	62.89	62.89	62.89	62.89	62.89	62.89	62.89
FII	0.00	0.00	0.04	0.04	0.01	0.00	0.01	0.00	0.00	0.00	0.01	0.01
DII	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.08
Retail	32.53	32.46	32.24	32.60	32.54	32.66	32.44	32.39	32.21	31.97	31.14	30.20
Other public	4.53	4.60	4.78	4.42	4.51	4.40	4.61	4.67	4.85	5.09	5.91	6.82

1,88,393 shareholders · NSE shareholding pattern filings.