Quarterly results
standalone · 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 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 189 | 265 | 270 | 176 | 155 | 269 | 204 | 177 | 144 | 231 | 263 | 285 | 210 | 313 | 339 | 394 | 200 | 324 | 338 | 231 | 264 | 296 | 285 | 248 | 110 | 196 | 238 | 210 | 205 | 230 | 220 | 184 | 181 | 207 |
| Other income | 7.4 | 9.6 | 8.4 | 9.5 | 9.9 | 11.3 | 10.4 | 9.9 | 10.7 | 11.9 | 10 | 11.9 | 7.6 | 5 | 2.9 | 5.6 | 5.8 | 3.1 | 2.6 | 5.9 | 8.7 | 4.4 | 4.1 | 3.2 | 2.9 | 3.6 | 3.4 | 4.3 | 4.5 | 3.6 | 4.6 | 3.6 | 5.9 | 5.6 |
| Total expenses | 182 | 241 | 244 | 170 | 152 | 231 | 189 | 176 | 133 | 226 | 235 | 254 | 195 | 292 | 299 | 343 | 199 | 305 | 309 | 216 | 247 | 280 | 261 | 224 | 123 | 193 | 217 | 185 | 183 | 218 | 198 | 167 | 164 | 190 |
| EBITDA | 14.4 | 30 | 32 | 11.3 | 8.4 | 43.4 | 20.8 | 7 | 16.5 | 10.5 | 33 | 35.2 | 20.3 | 28.1 | 45 | 56.4 | 5.7 | 23.1 | 33.3 | 20 | 22.4 | 20.7 | 30 | 28.8 | −7.3 | 7.6 | 25.9 | 30.6 | 28.6 | 18 | 26.9 | 22.4 | 23.1 | 21.7 |
| EBITDA margin | 7.6% | 11.3% | 11.8% | 6.5% | 5.4% | 16.2% | 10.2% | 4.0% | 11.4% | 4.5% | 12.5% | 12.4% | 9.7% | 9.0% | 13.3% | 14.3% | 2.8% | 7.1% | 9.9% | 8.7% | 8.5% | 7.0% | 10.5% | 11.6% | -6.7% | 3.9% | 10.9% | 14.6% | 13.9% | 7.8% | 12.2% | 12.1% | 12.8% | 10.5% |
| Finance costs | 0.1 | 0.1 | 0 | 0 | 0 | 0.3 | 0.1 | 0.1 | 0 | 0.3 | 0.1 | 0.1 | 0.1 | 0.4 | 0.1 | 0.1 | 0.1 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0.1 | 0 | 0.2 |
| Depreciation | 6.7 | 6.2 | 5.8 | 5.7 | 5.5 | 5.7 | 5.4 | 5.4 | 5.3 | 5.3 | 5 | 5 | 5 | 6.1 | 4.9 | 5 | 4.8 | 4.6 | 4.7 | 4.7 | 4.6 | 4.8 | 5.3 | 5.2 | 4.9 | 5.3 | 5.3 | 5.6 | 5.9 | 5.2 | 5.2 | 5.4 | 5.3 | 5.4 |
| Profit before tax | 15.1 | 35.1 | 22.7 | 15.1 | 12.8 | 48.7 | 25.7 | 11.5 | 21.8 | 20.8 | 38 | 42.1 | 22.8 | 9.1 | 42.9 | 56.9 | 6.6 | 21.3 | 31.1 | 21.2 | 26.5 | 20.2 | 28.7 | 26.7 | −9.4 | 5.9 | 23.1 | 34.4 | 27.2 | 16.3 | 26.3 | 20.6 | 20.2 | 21.7 |
| Tax | 4 | 8.2 | 6.1 | 3.9 | 3.3 | 12.5 | 6.7 | 2.9 | 5.7 | 5 | 9.7 | 10.9 | 5.9 | 3.3 | 11 | 14.4 | 1.7 | 5.7 | 7.9 | 5.3 | 6.7 | 4.9 | 7.7 | 7.2 | −2.4 | 1 | 5.9 | 7.5 | 9.5 | 5.5 | 9.4 | 7.2 | 7.1 | 7.8 |
| Net profit | 11.1 | 26.9 | 16.7 | 11.2 | 9.5 | 36.2 | 19.1 | 8.5 | 16.2 | 15.8 | 28.3 | 31.2 | 16.9 | 5.8 | 32 | 42.4 | 4.9 | 15.6 | 23.2 | 15.9 | 19.8 | 15.3 | 20.9 | 19.5 | −7 | 4.9 | 17.1 | 26.9 | 17.7 | 10.8 | 16.9 | 13.4 | 13.1 | 13.9 |
| Net margin | 5.9% | 10.2% | 6.2% | 6.4% | 6.1% | 13.5% | 9.3% | 4.8% | 11.2% | 6.8% | 10.8% | 11.0% | 8.0% | 1.9% | 9.4% | 10.8% | 2.5% | 4.8% | 6.9% | 6.9% | 7.5% | 5.2% | 7.3% | 7.9% | -6.4% | 2.5% | 7.2% | 12.8% | 8.6% | 4.7% | 7.7% | 7.2% | 7.2% | 6.7% |
| EPS (₹) | 10.94 | 26.54 | 16.43 | 11.01 | 9.35 | 35.65 | 18.82 | 8.42 | 15.92 | 15.57 | 27.92 | 30.75 | 16.66 | 5.73 | 31.50 | 41.82 | 4.84 | 15.36 | 22.91 | 15.68 | 19.53 | 15.07 | 20.62 | 19.22 | -6.93 | 4.78 | 16.88 | 26.52 | 17.40 | 10.60 | 16.69 | 13.19 | 12.92 | 13.73 |
| Net profit YoY | +17.1% | −25.6% | −12.7% | +30.8% | −41.3% | +128.9% | −32.6% | −72.6% | −4.4% | +171.9% | −11.4% | −26.5% | +244.2% | −62.7% | +37.5% | +166.8% | −75.2% | +1.9% | +11.1% | −18.4% | +381.8% | +215.3% | +22.2% | −27.5% | −139.8% | −54.9% | +1.1% | +101.2% | +34.7% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 865 | 794 | 989 | 1,246 | 1,156 | 939 | 849 | 816 | 199 |
| Other income | 37.4 | 42.3 | 41.4 | 19.2 | 16.8 | 14.5 | 15.8 | 17.7 | 4.4 |
| Total expenses | 807 | 729 | 911 | 1,133 | 1,073 | 887 | 778 | 747 | 185 |
| EBITDA | 81.7 | 87.7 | 99 | 135 | 102 | 72.2 | 92.7 | 90.4 | 20 |
| EBITDA margin | 9.4% | 11.0% | 10.0% | 10.8% | 8.8% | 7.7% | 10.9% | 11.1% | 10.1% |
| Finance costs | 0.2 | 0.5 | 0.4 | 0.6 | 0.5 | 0.3 | 0.3 | 0.1 | 0.3 |
| Depreciation | 23.2 | 21.8 | 20.2 | 20.8 | 18.5 | 20.3 | 22.1 | 21.1 | 6.1 |
| Profit before tax | 85.7 | 108 | 124 | 115 | 100 | 66.1 | 90.4 | 83.3 | 17.9 |
| Tax | 21.5 | 27.8 | 31.5 | 30.3 | 25.5 | 17.5 | 23.9 | 29.2 | 6 |
| Net profit | 64.2 | 79.9 | 92.2 | 85.1 | 74.5 | 48.7 | 66.5 | 54.2 | 11.9 |
| Net margin | 7.4% | 10.1% | 9.3% | 6.8% | 6.4% | 5.2% | 7.8% | 6.6% | 6.0% |
| EPS (₹) | 63.33 | 78.81 | 90.91 | 83.89 | 73.48 | 47.99 | 65.58 | 53.39 | 11.74 |
| Net profit YoY | −19.6% | −13.3% | +8.4% | +14.2% | +53.1% | −26.8% | +22.8% | – | – |
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 | −10.7 | 22.1 | 106 | 157 | 36.9 |
| Investing cash flow | 172 | −69.8 | −98.7 | −150 | 16.1 |
| Financing cash flow | −126 | −28.5 | −17.5 | −16.2 | −11.3 |
| Capital expenditure | 50.8 | 39.7 | 22 | 28.2 | 15.2 |
| Free cash flow (CFO − capex) | −61.5 | −17.6 | 83.7 | 129 | 21.7 |
Net profit trend
annual, ₹ croreFY21
₹48.7
FY22
₹74.5+53%
FY23
₹85.1+14%
FY24
₹92.2+8%
FY25
₹79.9−13%
FY26
₹64.2−20%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 30 Jul 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 19 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 11 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 15 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 6 Aug 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 25.8×29.5×
P/B5Y avg 3.10×2.42×
ROEFY26, on average equity7.7%
Net margin7.4%
Debt / equity0.00×
Revenue CAGR (3Y)-11.4%
Profit CAGR (3Y)-8.9%
EPS (TTM)₹64.95
Market cap₹1,942 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.42×
vs 8-point avg 3.10× (−22%)
2.16× low3.10× avg5.02× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,032 Cr−1%
Net worth₹803 Cr−7%
Total borrowings₹0 Cr
Cash & bank balances₹66 Cr+116%
Investments₹0 Cr
Inventories₹150 Cr+27%
Trade receivables₹158 Cr+34%
Trade payables₹107 Cr+32%
Change vs the same date a year earlier.