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 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0 | 1.5 | 0 | 3.1 | 0 | 1.5 | 0 | 3.1 | 0 | −3.6 | 40.3 | 3.8 | 89.6 | 0.4 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0 | 0 |
| Other income | 0 | 0.1 | 0.8 | 0 | 0 | 0.2 | 7.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.2 | 0.1 | 16.7 | 0.1 | 0.1 | 0 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0.1 | 0 |
| Total expenses | −1.7 | 4.5 | 4.5 | 3.5 | 0.2 | 5 | 2.8 | 1.9 | 4.5 | 2.1 | 1.9 | 2 | 6.6 | 15.6 | 28.8 | 15.6 | 9.2 | 20.8 | 13.5 | 17.3 | 0.3 | −5.5 | 0.3 | −3.1 | 9.3 | 0.5 | −0.2 | 15.8 | 0 |
| EBITDA | 1.9 | −2.8 | −4.2 | 0.1 | 0.4 | −3.1 | −1.8 | 2.4 | −3.2 | −4.7 | 39.5 | 3 | 92.1 | 0.3 | −13.1 | −0.4 | 6.1 | −6 | 1.5 | −2.6 | 1.6 | 5.7 | −0.1 | 3.2 | −9.2 | −0.4 | 0.4 | −15.5 | 0 |
| EBITDA margin | – | -191.1% | -20822.9% | 3.8% | – | -204.7% | – | 77.2% | – | 129.3% | 98.1% | 77.6% | 102.8% | 88.4% | -13120400.0% | -299.2% | 6063600.0% | -58955.4% | – | -29489.8% | 1098.7% | 6057.7% | -112.1% | 3338.5% | -8981.1% | -1081.8% | 434.6% | – | – |
| Finance costs | 0.2 | 0.3 | 0.3 | 0.5 | 0.5 | 0.5 | 1 | 1.2 | 1.2 | 1 | 1.1 | 1.1 | 9.1 | 15.6 | 15.7 | 15 | 15.2 | 14.8 | 15 | 14.7 | 1.8 | 0.1 | 0.1 | 0 | 0 | 0 | 0.1 | 0.3 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1.7 | −3 | −3.7 | −0.4 | −0.2 | −3.3 | 4.9 | 1.1 | −4.5 | −5.7 | 38.4 | 1.9 | 83 | −15.2 | −28.6 | −15.2 | −9.1 | −4 | −13.4 | −17.2 | −0.2 | 5.7 | −0 | 3.2 | −9.2 | −0.4 | 0.3 | −15.7 | 0 |
| Tax | 0 | 0.3 | 0.7 | 0.5 | −0 | 0.4 | −21.3 | 46.7 | −2.6 | −4.2 | 9 | 0.3 | 20.2 | −9.6 | −24.9 | −3.9 | −4.1 | −1.4 | −4.1 | −3.7 | −0.6 | 0.1 | −0.1 | −0.1 | −0.2 | −0.3 | −0.6 | −4 | 0 |
| Net profit | 1.7 | −3.3 | −4.4 | −0.9 | −0.2 | −3.7 | 26.2 | −45.6 | −1.9 | −1.5 | 29.4 | 1.6 | 62.8 | −5.6 | −3.7 | −11.4 | −4.9 | −2.7 | −9.3 | −13.5 | 0.4 | 5.5 | 0.1 | 3.2 | −9 | −0.1 | 0.9 | −11.7 | 0 |
| Net margin | – | -228.0% | -21663.2% | -28.5% | – | -246.1% | – | -1488.8% | – | 40.5% | 73.0% | 40.5% | 70.1% | -1440.5% | -3684600.0% | -8378.4% | -4916000.0% | -26456.4% | – | -153218.2% | 274.8% | 5879.9% | 95.5% | 3355.6% | -8827.2% | -392.5% | 953.7% | – | – |
| EPS (₹) | 0.30 | -0.60 | -0.79 | -0.16 | -0.03 | -0.67 | 4.74 | -8.25 | -0.34 | -0.27 | 5.32 | 0.28 | 11.37 | -1.02 | -0.67 | -2.06 | -0.89 | -0.48 | -1.68 | -2.44 | 0.07 | 1.00 | 0.02 | 0.58 | -1.63 | -0.03 | 0.16 | -2.11 | 0.00 |
| Net profit YoY | +1138.8% | +10.2% | −116.6% | +98.1% | +91.4% | −150.7% | −10.9% | −3027.1% | −103.0% | +73.8% | +897.7% | +113.7% | +1377.7% | −110.7% | +60.4% | +15.6% | −1337.4% | – | −268.0% | −14367.9% | −87.7% | +3879.4% | −89.4% | +127.7% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY20 | FY17 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 4.6 | 4.6 | 133 | 1.1 | 0.2 | 0.2 | 0 |
| Other income | 0.9 | 7.9 | 0 | 0 | 16.9 | 0.1 | 0 |
| Total expenses | 12.7 | 14.3 | 15.7 | 69.2 | 51.9 | 25.3 | 0 |
| EBITDA | −6.5 | −5.8 | 130 | −6.6 | −5.5 | −24.6 | 0 |
| EBITDA margin | -140.9% | -126.5% | 97.5% | -618.7% | -3356.3% | -10587.2% | – |
| Finance costs | 1.7 | 3.9 | 12.4 | 61.6 | 46.3 | 0.4 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | −7.3 | −1.8 | 118 | −68.1 | −34.9 | −25 | 0 |
| Tax | 1.5 | 23.1 | 25.3 | −42.5 | −9.8 | −5.1 | 0 |
| Net profit | −8.7 | −24.9 | 92.3 | −25.6 | −25.1 | −19.9 | 0 |
| Net margin | -190.2% | -546.9% | 69.3% | -2407.8% | -15323.9% | -8559.3% | – |
| EPS (₹) | -1.58 | -4.52 | 16.70 | -4.64 | -4.54 | -3.61 | 0.00 |
| Net profit YoY | +65.0% | −127.0% | +460.4% | −2.2% | – | – | – |
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 | −3.6 | 22.5 | 96.3 | −23 | −21.7 |
| Investing cash flow | 18.3 | 5.3 | 457 | 0.2 | −432 |
| Financing cash flow | −14.7 | −27.8 | −553 | 22.7 | 454 |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Free cash flow (CFO − capex) | −3.6 | 22.5 | 96.3 | −23 | −21.7 |
Net profit trend
annual, ₹ croreFY20
₹−19.9
FY22
₹−25.1−26%
FY23
₹−25.6−2%
FY24
₹92.3+460%
FY25
₹−24.9−127%
FY26
₹−8.7+65%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 11 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 11 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 11 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 11 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 5 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 5 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 9.0×-126.2×
P/B5Y avg 0.28×0.19×
ROEFY26, on average equity-0.2%
Net margin-190.2%
Debt / equity0.00×
Revenue CAGR (3Y)62.7%
Profit CAGR (3Y)–
EPS (TTM)₹-1.25
Market cap₹869 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.19×
vs 8-point avg 0.28× (−33%)
0.19× low0.28× avg0.48× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹5,321 Cr+3%
Net worth₹4,616 Cr+3%
Total borrowings₹9 Cr−60%
Cash & bank balances₹0 Cr+59%
Investments₹5,318 Cr+3%
Inventories₹0 Cr
Trade receivables₹0 Cr
Trade payables₹0 Cr
Change vs the same date a year earlier.
Revenue mix FY26
Investment and finance99.6%result ₹−0.6 Cr
Trading and other activities0.4%result ₹−5.9 Cr
Segment revenue as reported, before inter-segment eliminations.