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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	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY18
Revenue from operations	114	−206	75.4	315	78.7	43.4	147	94.8	136	290	179	113	168	175	170	125	42.2	43.9	39.1	30.5	27.8	33.2	24	33.5	49.5	62.4	56.7	0
Other income	20.2	6.7	3.7	2.4	2.9	57.1	3.7	4.8	10.6	3	9.5	2.7	6.2	4.2	1.7	1.2	1.4	2.7	6	1.3	2.7	2.7	5.1	7	5.7	5.1	4.1	0
Total expenses	128	−208	72.2	313	69.3	64.9	97.7	86.2	98.2	242	137	69.5	107	69.4	124	106	36.3	28.1	26.9	20.9	22.6	24.4	17.8	30.1	24.1	31.8	27.4	0
EBITDA	3.2	23.7	24.4	19.9	29.3	1	71.6	29.3	60	72.5	68.4	67.7	88	134	77.4	46.5	20.9	22.5	19.3	16	12.9	16.5	13.1	10	34.4	40.3	38.9	0
EBITDA margin	2.8%	-11.5%	32.4%	6.3%	37.3%	2.4%	48.9%	30.9%	44.1%	25.0%	38.2%	60.0%	52.5%	76.4%	45.6%	37.3%	49.5%	51.2%	49.4%	52.4%	46.2%	49.8%	54.4%	29.7%	69.5%	64.6%	68.7%	–
Finance costs	0.9	1.2	1.4	1.4	1.6	0.8	3	3.1	3.6	4.1	5.2	6	7	5.6	9.9	11.8	4.3	1.6	1.6	1.6	1.4	1.4	1.4	1.3	1.3	1.3	1.5	0
Depreciation	15.8	20.2	19.9	16.9	18.4	21.7	19.9	17.6	18.5	20.3	21.3	18.4	20.1	22.6	21.8	15.8	10.7	5.1	5.6	4.8	6.2	6.3	5.3	5.2	7.6	8.3	8.2	0
Profit before tax	6.6	9	6.9	4	44.7	35.6	52.5	13.4	48.5	83.9	51.4	46	67.2	110	35.2	20.1	−27.1	18.5	18.2	10.9	7.9	11.4	11.4	10.4	53.2	39.8	33.4	0
Tax	0.3	1.2	−1.4	1.1	0.9	−15.6	9.1	2.6	6.6	14.6	4.8	0.9	1.5	3.5	−1.4	0.8	0.5	−0.3	−0.8	0.3	−0.2	0.1	−0.7	−1.6	0.3	0.3	0.7	0
Net profit	6.2	7.8	8.3	2.8	43.9	51.2	43.3	10.8	41.9	70.6	46.6	43.2	66.1	107	37.3	17.7	−27.2	19.1	17	11.1	8.4	11.7	12.1	11.6	53.3	40	32.7	0
Net margin	5.5%	-3.8%	11.0%	0.9%	55.8%	117.9%	29.6%	11.4%	30.8%	24.4%	26.0%	38.3%	39.4%	60.9%	22.0%	14.2%	-64.5%	43.6%	43.4%	36.4%	30.2%	35.3%	50.4%	34.6%	107.8%	64.1%	57.6%	–
EPS (₹)	0.47	0.59	0.63	0.21	3.32	3.87	3.28	0.82	3.17	5.34	3.52	3.26	5.00	8.06	2.82	1.34	-2.06	1.45	1.28	0.84	0.63	0.88	0.92	0.88	4.03	3.02	2.50	0.00
Net profit YoY	−85.8%	−84.8%	−80.9%	−73.8%	+4.7%	−27.5%	−7.0%	−75.0%	−36.6%	−33.8%	+24.7%	+143.8%	–	+491.9%	+95.0%	+4.4%	–	+128.0%	+44.9%	−8.4%	−84.3%	−70.7%	−62.9%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY20	FY18
Revenue from operations	263	421	749	559	156	202	48.7
Other income	15.7	76.1	18.7	8.8	11.5	21.8	11.8
Total expenses	247	347	552	358	112	113	27.5
EBITDA	97.3	162	299	304	78.9	124	30.7
EBITDA margin	37.0%	38.5%	40.0%	54.5%	50.7%	61.1%	63.0%
Finance costs	5.6	10.6	22.4	30.2	9.2	5.4	1
Depreciation	75.4	77.6	80	73.7	26.2	29.4	8.5
Profit before tax	64.6	150	249	197	20.6	137	37.5
Tax	1.8	2.7	21.9	3.2	−0.3	−0.3	0
Net profit	62.7	147	226	194	20	138	37.5
Net margin	23.8%	35.0%	30.2%	34.7%	12.8%	68.1%	77.0%
EPS (₹)	4.74	11.13	17.12	14.67	1.51	10.46	2.88
Net profit YoY	−57.4%	−35.0%	+16.7%	+870.5%	–	–	–

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	178	161	123	219	108
Investing cash flow	−92.7	−82.6	−39.2	−77	−280
Financing cash flow	−79.6	−77.7	−215	−27.2	109
Capital expenditure	175	32.5	18.3	71.8	265
Free cash flow (CFO − capex)	2.6	128	104	148	−157

Net profit trend

annual, ₹ crore

FY20

₹138

FY22

₹20−85%

FY23

₹194+871%

FY24

₹226+17%

FY25

₹147−35%

FY26

₹62.7−57%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	12 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	12 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated	11 Jun 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	11 Jun 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	13 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	13 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	14 Nov 2025	PDF XBRL
Q2 FY26	Standalone	14 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	14 Aug 2025	PDF XBRL
Q1 FY26	Standalone	14 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY268.40 MB FY25 FY24 FY23 FY22 FY21 FY19 FY18 FY17 FY16

Key ratios

P/E (TTM)5Y avg 14.7×91.3×

P/B5Y avg 1.87×1.66×

ROEFY26, on average equity4.6%

Net margin23.8%

Debt / equity0.04×

Revenue CAGR (3Y)-22.2%

Profit CAGR (3Y)-31.4%

EPS (TTM)₹1.90

Market cap₹2,293 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

1.66×

vs 8-point avg 1.87× (−11%)

1.13× low1.87× avg2.49× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹2,171 Cr+11%

Net worth₹1,385 Cr+5%

Total borrowings₹50 Cr−59%

Cash & bank balances₹20 Cr+39%

Investments₹0 Cr+5%

Inventories₹394 Cr+87%

Trade receivables₹30 Cr−75%

Trade payables₹37 Cr−74%

Change vs the same date a year earlier.

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
FII	1.87	1.49	1.38	1.71	1.45	1.76	1.40	1.64	1.80	1.31	1.25	0.97
DII	0.13	0.12	0.12	0.50	0.48	0.32	0.35	0.30	0.54	0.69	0.64	4.07
Retail	48.60	46.05	46.12	46.33	46.33	45.92	46.92	46.96	46.73	47.18	46.82	40.32
Other public	49.40	52.34	52.38	51.46	51.74	52.00	51.33	51.10	50.93	50.82	51.29	54.64

90,352 shareholders · NSE shareholding pattern filings.