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 | 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 | 8.3 | 5.2 | 6 | 17.6 | 11.5 | 4.8 | 7.9 | 13.3 | 5.5 | 4.4 | 9.7 | 17.9 | 7.6 | 4.5 | 7.1 | 7.7 | 5.2 | 4.2 | 8.9 | 6.2 | 0.7 | 5.2 | 9.1 | 3.5 | 3.4 | 2.6 | 12.6 | 4.4 | 13.2 | 2.8 |
| Other income | 0.1 | 0 | 0.2 | 0.2 | 0 | 1.8 | 0.3 | 0.1 | 0 | 1.7 | 0.3 | 0 | 0 | 0.2 | 0.5 | 0.1 | 2.3 | 0 | 0 | 0 | 1.8 | 0.1 | 0.1 | 0 | 0.4 | 0.1 | 0.1 | 0 | 0.2 | 3.7 |
| Total expenses | 6.6 | 8.8 | 7.6 | 13.2 | 9 | 8.5 | 8.3 | 9.4 | 4 | 6.1 | 10 | 13.9 | 5.2 | 4.7 | 7.5 | 6.1 | 8.6 | 4.7 | 8.3 | 5.2 | 1.9 | 4.7 | 10.8 | 3 | 6 | 7.2 | 12 | 6.6 | 13 | 6.9 |
| EBITDA | 4.3 | −2.1 | −0.6 | 10.3 | 5.2 | −2.1 | 0.8 | 9 | 2.9 | −1 | 0.7 | 10.3 | 5.8 | 0.2 | 0.9 | 4.5 | −2.6 | 0.3 | 5.4 | 3.4 | 0.4 | 0.8 | 4.3 | 4.1 | −0.9 | −2.3 | 7.3 | −0 | 8.8 | −2.5 |
| EBITDA margin | 52.3% | -40.0% | -10.1% | 58.9% | 45.0% | -44.0% | 9.6% | 67.4% | 53.1% | -21.5% | 7.4% | 57.4% | 76.2% | 5.5% | 12.4% | 58.1% | -50.2% | 7.8% | 60.7% | 55.3% | 51.4% | 16.0% | 46.7% | 116.5% | -27.3% | -88.4% | 58.0% | -0.9% | 66.5% | -88.4% |
| Finance costs | 0.3 | 0.1 | 0.2 | 2.4 | 0.3 | 0.5 | 0.4 | 0.6 | 0.4 | 0.4 | 0.7 | 1.9 | 1.3 | 0.4 | 0.9 | 0.4 | 0.5 | 0.4 | 0.5 | 0.5 | 0.5 | −1.1 | 1.3 | 1.3 | 1.1 | 1.5 | 1.4 | 1.4 | 2 | 2.1 |
| Depreciation | 2.4 | 1.3 | 0.8 | 3.6 | 2.4 | 1.1 | 0.7 | 4.5 | 1 | 0.3 | 0.3 | 4.4 | 2.1 | 0 | 0.4 | 2.5 | 0.2 | 0.4 | 4.3 | 2 | 1.1 | 1.5 | 4.6 | 2.2 | 0.6 | 0.9 | 5.2 | 0.7 | 6.5 | −0.5 |
| Profit before tax | 1.8 | −5.9 | 0.2 | 4.5 | 2.5 | −1.9 | −0.1 | 4 | 1.4 | 0 | 0.1 | 4 | 1.4 | −6.8 | 0.1 | 1.7 | −1 | −0.4 | 0.6 | 1 | 0.7 | 0.6 | −1.5 | 0.6 | 3.4 | −4.5 | 0.7 | 3.1 | −4.1 | −24.3 |
| Tax | −0.3 | 1.6 | −0.1 | −0 | −0.1 | 2.9 | −0 | −0.4 | −0.2 | −0.6 | 0.1 | −0.9 | −0.3 | 18.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −2.7 |
| Net profit | 2.1 | −7.5 | 0.4 | 4.6 | 2.3 | −4.8 | 0 | 4.4 | 1.6 | 0.6 | −0.1 | 5 | 1.5 | −24.9 | 0.1 | 1.6 | −1 | −0.2 | 0.6 | 0.9 | 0.6 | 0.6 | −1.2 | 0.2 | 2.8 | −4.3 | 1 | 3.2 | −4.1 | −21.7 |
| Net margin | 25.4% | -142.7% | 6.0% | 26.1% | 19.9% | -99.5% | 0.3% | 33.0% | 29.5% | 14.2% | -0.7% | 28.1% | 19.8% | -552.5% | 0.9% | 20.9% | -19.8% | -5.1% | 6.4% | 13.9% | 77.8% | 11.7% | -12.9% | 6.0% | 83.4% | -167.2% | 7.7% | 73.6% | -30.9% | -773.9% |
| EPS (₹) | 0.13 | -0.46 | 0.03 | 0.37 | 0.20 | -0.37 | 0.00 | 0.34 | 0.16 | 0.06 | 0.01 | 0.47 | 0.16 | -2.77 | 0.01 | 0.18 | 0.06 | -0.05 | 0.06 | 0.12 | 0.06 | 0.06 | -0.17 | 0.02 | 0.32 | -0.50 | 0.08 | 0.35 | 0.00 | 0.00 |
| Net profit YoY | −8.2% | −56.2% | +1497.3% | +3.9% | +42.7% | −856.4% | +132.1% | −12.3% | +6.4% | +102.5% | −213.5% | – | −6.5% | −2296.3% | +128.4% | +86.2% | −279.8% | −135.5% | +148.2% | +312.6% | −79.4% | +114.2% | −221.4% | – | – | −233.7% | +123.8% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 40.3 | 33.5 | 39.7 | 34 | 24.6 | 18.6 | 24.8 | 26.2 |
| Other income | 0.4 | 2.3 | 2.1 | 0.9 | 2.4 | 2.1 | 0.7 | 6.7 |
| Total expenses | 37 | 32.3 | 35.2 | 29.2 | 26.8 | 20.4 | 31 | 32.6 |
| EBITDA | 14.5 | 10.5 | 15.9 | 14 | 6.5 | 9.6 | 8.3 | 10.7 |
| EBITDA margin | 36.0% | 31.5% | 39.9% | 41.2% | 26.6% | 51.4% | 33.6% | 40.9% |
| Finance costs | 2.9 | 1.9 | 4.3 | 2.2 | 1.9 | 2.1 | 5.3 | 7.7 |
| Depreciation | 8.2 | 7.4 | 7.1 | 7 | 6.9 | 9.3 | 9.3 | 9.5 |
| Profit before tax | 1.3 | 3.5 | 5.6 | −1.2 | 0.2 | 0.3 | 0.1 | −23.6 |
| Tax | 1.3 | 2.2 | −1.7 | 18.1 | 0 | 0 | 0 | −2.7 |
| Net profit | 0 | 1.3 | 7.3 | −19.3 | 0.1 | 0.2 | 0.1 | −21 |
| Net margin | 0.0% | 3.8% | 18.3% | -56.7% | 0.5% | 1.2% | 0.2% | -80.3% |
| EPS (₹) | 0.00 | 0.11 | 0.68 | -2.15 | 0.19 | 0.02 | 0.01 | 0.00 |
| Net profit YoY | −100.0% | −82.6% | +137.7% | −15446.1% | −42.6% | +310.5% | – | – |
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 | 2.8 | −9.2 | −8.1 | 0.3 | 1.4 |
| Investing cash flow | −33.8 | −22.5 | −37.1 | 4.8 | 1.5 |
| Financing cash flow | 38.5 | 32.9 | −56.5 | 15.1 | −5.3 |
| Capital expenditure | 21.9 | 20.1 | 1.3 | 0 | 0 |
| Free cash flow (CFO − capex) | −19.1 | −29.2 | −9.3 | 0.3 | 1.4 |
Net profit trend
annual, ₹ croreFY21
₹0.2
FY22
₹0.1−43%
FY23
₹−19.3−15446%
FY24
₹7.3+138%
FY25
₹1.3−83%
FY26
₹0−100%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 29 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 94805.5×-342.0×
P/B5Y avg 0.88×0.47×
ROEFY26, on average equity0.0%
Net margin0.0%
Debt / equity0.03×
Revenue CAGR (3Y)5.9%
Profit CAGR (3Y)–
EPS (TTM)₹-0.03
Market cap₹143 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.47×
vs 7-point avg 0.88× (−47%)
0.37× low0.88× avg1.26× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹348 Cr+14%
Net worth₹307 Cr+10%
Total borrowings₹10 Cr+37%
Cash & bank balances₹9 Cr+620%
Investments₹0 Cr+0%
Inventories₹2 Cr+13%
Trade receivables₹4 Cr−30%
Trade payables₹1 Cr+23%
Change vs the same date a year earlier.
Revenue mix FY18
Power100.0%result ₹7.9 Cr
Segment revenue as reported, before inter-segment eliminations.