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 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 618 | 524 | 465 | 465 | 470 | 480 | 558 | 583 | 585 | 554 | 488 | 502 | 555 | 605 | 518 | 569 | 660 | 517 | 507 | 471 | 387 | 424 | 315 | 242 | 142 | 269 | 276 | 267 | 0 |
| Other income | 6.6 | 4.9 | 5.4 | 5.6 | 10 | 4.6 | 7.8 | 4.1 | 9.2 | 9.3 | 6.6 | 7.3 | 7.4 | 5.9 | 6.2 | 5.7 | 4.2 | 1.9 | 1.9 | 2 | 1.1 | 0.9 | 0.7 | 0.8 | 0.9 | 1.9 | 1 | 1.3 | 0 |
| Total expenses | 534 | 489 | 484 | 472 | 496 | 460 | 530 | 553 | 549 | 552 | 515 | 495 | 514 | 560 | 490 | 500 | 556 | 419 | 409 | 386 | 320 | 291 | 231 | 213 | 139 | 264 | 270 | 263 | 0 |
| EBITDA | 112 | 66.6 | 8.5 | 20.2 | −0.7 | 47.2 | 47.4 | 62.6 | 61.8 | 26.2 | −5.9 | 25.9 | 59.2 | 63.6 | 49 | 85.4 | 120 | 113 | 112 | 97.5 | 83.8 | 145 | 96.3 | 41.8 | 15.7 | 16 | 17.2 | 14.3 | 0 |
| EBITDA margin | 18.2% | 12.7% | 1.8% | 4.3% | -0.1% | 9.8% | 8.5% | 10.7% | 10.6% | 4.7% | -1.2% | 5.2% | 10.7% | 10.5% | 9.5% | 15.0% | 18.1% | 21.9% | 22.1% | 20.7% | 21.6% | 34.1% | 30.6% | 17.2% | 11.0% | 6.0% | 6.2% | 5.4% | – |
| Finance costs | 10.7 | 10.8 | 10.4 | 11.2 | 8.7 | 10.7 | 2.6 | 16.1 | 9.4 | 9.5 | 8.2 | 6.6 | 6.1 | 6.5 | 9.1 | 4.7 | 3.6 | 3.5 | 3.2 | 1.6 | 4.5 | 1.2 | 5 | 4.1 | 4.2 | 4.2 | 4.1 | 3.3 | 0 |
| Depreciation | 17.7 | 20.4 | 16.4 | 16 | 16.3 | 16.4 | 16.4 | 16.3 | 16.2 | 14.7 | 12.5 | 12.7 | 12.2 | 12.2 | 11.7 | 11.6 | 11.9 | 11.5 | 10.9 | 10.6 | 11.3 | 10.5 | 7.7 | 7.9 | 8 | 7.4 | 7.3 | 7.3 | 0 |
| Profit before tax | 90.4 | 40.4 | −12.9 | −1.4 | −15.6 | 24.7 | 36.2 | 34.3 | 45.3 | 11.2 | −20 | 14 | 48.2 | 50.7 | 34.4 | 74.8 | 108 | 100 | 99.9 | 87.3 | 69 | 134 | 84.3 | 30.5 | 3.9 | 6 | 6.8 | 5 | 0 |
| Tax | 23.9 | 12.3 | −2.1 | 0.6 | −2.6 | 5.8 | 7.7 | 8.1 | 10.3 | 2.2 | −4.7 | 3.9 | 12.5 | 12.6 | 8.9 | 19.4 | 27.4 | 26.4 | 25.6 | 22.3 | 17.6 | 34.1 | 21.4 | 7.3 | 1.6 | 2 | 2.3 | 1.7 | 0 |
| Net profit | 66.4 | 28.1 | −10.9 | −2 | −13 | 19 | 28.5 | 26.2 | 35 | 9 | −15.2 | 10.1 | 35.6 | 38.1 | 25.5 | 55.4 | 81 | 73.6 | 74.4 | 65 | 51.5 | 99.9 | 62.9 | 23.2 | 2.2 | 4 | 4.5 | 3.4 | 0 |
| Net margin | 10.8% | 5.4% | -2.3% | -0.4% | -2.8% | 3.9% | 5.1% | 4.5% | 6.0% | 1.6% | -3.1% | 2.0% | 6.4% | 6.3% | 4.9% | 9.7% | 12.3% | 14.2% | 14.7% | 13.8% | 13.3% | 23.5% | 20.0% | 9.6% | 1.6% | 1.5% | 1.6% | 1.3% | – |
| EPS (₹) | 21.57 | 9.11 | -3.52 | -0.65 | -4.22 | 6.16 | 9.27 | 8.50 | 11.37 | 2.93 | -4.95 | 3.27 | 11.57 | 12.39 | 8.28 | 17.98 | 26.30 | 23.91 | 24.14 | 21.12 | 16.72 | 32.42 | 20.41 | 7.52 | 0.72 | 1.28 | 1.45 | 1.10 | 0.00 |
| Net profit YoY | +611.6% | +48.1% | −138.0% | −107.7% | −137.1% | +109.8% | +287.3% | +159.8% | −1.7% | −76.3% | −159.8% | −81.8% | −56.0% | −48.2% | −65.7% | −14.9% | +57.4% | −26.3% | +18.3% | +180.8% | +2212.6% | +2424.6% | +1305.0% | +584.5% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,925 | 2,206 | 2,099 | 2,352 | 1,883 | 1,124 | 1,059 | 1,171 |
| Other income | 25.9 | 25.6 | 30.6 | 21.9 | 7 | 3.3 | 6.2 | −23 |
| Total expenses | 1,940 | 2,091 | 2,076 | 2,106 | 1,533 | 874 | 1,033 | 917 |
| EBITDA | 94.6 | 219 | 105 | 318 | 407 | 299 | 71.8 | 294 |
| EBITDA margin | 4.9% | 9.9% | 5.0% | 13.5% | 21.6% | 26.6% | 6.8% | 25.1% |
| Finance costs | 41 | 38.8 | 30.4 | 23.9 | 12.9 | 14.6 | 16 | 14.9 |
| Depreciation | 69.1 | 65.3 | 52.1 | 47.4 | 44.3 | 34.1 | 29.9 | 25.7 |
| Profit before tax | 10.4 | 141 | 53.4 | 268 | 356 | 253 | 31.9 | 230 |
| Tax | 8.2 | 31.9 | 13.9 | 68.3 | 91.8 | 64.5 | 11 | 84.3 |
| Net profit | 2.2 | 109 | 39.5 | 200 | 265 | 188 | 20.9 | 146 |
| Net margin | 0.1% | 4.9% | 1.9% | 8.5% | 14.0% | 16.7% | 2.0% | 12.5% |
| EPS (₹) | 0.72 | 35.29 | 12.83 | 64.94 | 85.88 | 61.08 | 6.78 | 47.42 |
| Net profit YoY | −98.0% | +175.1% | −80.2% | −24.4% | +40.6% | +801.0% | – | – |
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 | 102 | 261 | 37.2 | 233 | 157 |
| Investing cash flow | −89 | −92 | −115 | −255 | −158 |
| Financing cash flow | −52.6 | −138 | 47.9 | 20.6 | −13.5 |
| Capital expenditure | 163 | 137 | 174 | 240 | 99.2 |
| Free cash flow (CFO − capex) | −60.8 | 124 | −137 | −7.3 | 57.6 |
Net profit trend
annual, ₹ croreFY21
₹188
FY22
₹265+41%
FY23
₹200−24%
FY24
₹39.5−80%
FY25
₹109+175%
FY26
₹2.2−98%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 5 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 5 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 18 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 18 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 3 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 3 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 11 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 11 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)22.4×
P/B1.37×
ROEFY26, on average equity0.2%
Net margin0.1%
Debt / equity0.27×
Revenue CAGR (3Y)-6.5%
Profit CAGR (3Y)-77.7%
EPS (TTM)₹26.51
Market cap₹1,827 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₹2,300 Cr+4%
Net worth₹1,333 Cr−0%
Total borrowings₹356 Cr+33%
Cash & bank balances₹27 Cr+52%
Investments₹88 Cr−35%
Inventories₹207 Cr−30%
Trade receivables₹350 Cr+23%
Trade payables₹387 Cr−15%
Change vs the same date a year earlier.