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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	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 FY19	Q4 FY18
Revenue from operations	107	142	130	120	84.6	120	79.5	84.2	104	98.7	122	184	91.1	105	92.4	104	89.2	82.7	75.3	84.1	99.6	92.9	132	103	75.5	97.3	102	102	0	0
Other income	2.7	5.4	1.7	2.1	2	5.2	0.7	2.2	1.1	2.2	0.8	0.5	0.3	1.4	0.7	1.7	1.1	2.5	1	1	1	2.7	0.3	0.6	1.9	2.7	4.4	0	0	0
Total expenses	104	135	124	110	78.6	113	77.8	81.6	102	96.4	118	177	93.4	104	91.6	106	92.1	78.7	87.7	88.7	103	92.4	131	106	80	98.2	107	103	0	0
EBITDA	6.5	11	8.8	12.2	8.6	11.4	4.7	5.8	6	5.8	7.3	11.7	1.9	5.4	4.5	2.4	0.7	7.2	−8.9	−1.3	−0.1	4.4	4.3	1.7	0.1	4.8	0.6	4.6	0	0
EBITDA margin	6.0%	7.7%	6.8%	10.2%	10.1%	9.4%	5.9%	6.9%	5.7%	5.9%	6.0%	6.3%	2.1%	5.2%	4.9%	2.3%	0.8%	8.7%	-11.8%	-1.5%	-0.1%	4.8%	3.3%	1.6%	0.1%	4.9%	0.5%	4.5%	–	–
Finance costs	1.8	3.2	1.7	1.5	1.3	1.7	2.1	2.5	2.4	2.6	2.5	3.4	2.9	2.6	2.5	3.1	2.6	1.9	2.2	2	2.4	2	2	3.1	2.9	3.5	3.3	3.1	0	0
Depreciation	1.5	1.4	1.4	1.3	1.3	2.7	0.9	0.7	1.1	1	0.9	1.4	1.3	1.7	1.3	1.5	1	1.4	1.4	1.4	1.4	1.9	1.7	1.7	1.6	2.2	2	1.8	0	0
Profit before tax	5.9	11.7	3.6	11.6	7.9	12.1	2.4	4.7	3.5	4.5	4.7	7.4	−2	2.4	1.4	−0.5	−1.8	6.4	−11.5	−3.6	−2.9	3.2	0.9	−2.5	−2.6	1.9	−0.4	−0.3	0	0
Tax	1.8	2.9	−13.1	4.2	1.9	5.1	−10.4	0.9	1	1	1.2	1.7	1.2	1.9	0.7	0.7	0.8	1	0.2	0.3	0.1	1.5	0.4	−0.1	0.1	0.8	0.6	0.3	0	0
Net profit	4.1	8.8	18.6	7.4	6.1	12.3	13.2	3.8	2.5	3.7	3.6	−0.4	−3.2	0.6	0.7	−1.2	−2.6	5.4	−11.7	−4	−3.1	1.7	0.6	−2.4	−2.7	1.1	−1	−0.5	0	0
Net margin	3.8%	6.2%	14.3%	6.2%	7.3%	10.2%	16.6%	4.5%	2.4%	3.8%	2.9%	-0.2%	-3.5%	0.5%	0.8%	-1.1%	-3.0%	6.6%	-15.6%	-4.7%	-3.1%	1.8%	0.4%	-2.3%	-3.6%	1.1%	-1.0%	-0.5%	–	–
EPS (₹)	1.03	2.21	4.20	1.85	1.52	1.79	3.23	0.95	0.63	0.89	0.91	1.44	-0.80	0.14	0.18	-0.29	-0.67	1.37	-2.96	-1.01	-0.77	0.42	0.14	-0.60	-0.68	0.29	-0.27	-0.14	0.00	0.00
Net profit YoY	−33.7%	−28.5%	+41.1%	+96.3%	+146.6%	+227.8%	+271.8%	+956.8%	+178.3%	+567.9%	+407.1%	+62.1%	−20.5%	−89.7%	+106.0%	+70.8%	+14.0%	+226.5%	−2192.9%	−66.8%	−13.7%	+52.3%	+154.4%	−357.7%	–	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	476	388	490	390	342	404	458	546	511
Other income	11.2	9.4	3.7	4.9	5.4	5.4	9.8	7.5	7.4
Total expenses	449	374	474	394	359	410	463	550	533
EBITDA	40.5	27.8	31.9	13.1	−3.1	10.5	17.7	19.5	5
EBITDA margin	8.5%	7.2%	6.5%	3.4%	-0.9%	2.6%	3.9%	3.6%	1.0%
Finance costs	7.7	8.8	10.6	10.8	8.4	9.9	14.1	18.3	19.2
Depreciation	5.4	5.4	4.6	5.6	5.5	6.9	7.8	4.7	8.3
Profit before tax	34.7	23.1	20.4	1.6	−11.6	−0.9	5.5	4.1	25.5
Tax	−4.1	−3.3	5	4.1	1.7	1.9	3.1	3.4	13.4
Net profit	41	31.7	3.7	−2.5	−13.3	−2.9	2.4	0.7	62.9
Net margin	8.6%	8.2%	0.7%	-0.7%	-3.9%	-0.7%	0.5%	0.1%	12.3%
EPS (₹)	9.81	6.67	3.90	-0.64	-3.37	-0.72	0.63	0.22	-13.00
Net profit YoY	+29.2%	+764.6%	+244.5%	+81.0%	−366.4%	−218.7%	+259.7%	−98.9%	–

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	22.9	38.7	−26.9	18.2	−7.3
Investing cash flow	−32.5	−45.9	−12.5	0.3	−2.1
Financing cash flow	−7.2	−15	56.6	−10.8	0
Capital expenditure	1	3.1	4	2.5	2.1
Free cash flow (CFO − capex)	21.9	35.6	−30.8	15.7	−9.4

Net profit trend

annual, ₹ crore

FY21

₹−2.9

FY22

₹−13.3−366%

FY23

₹−2.5+81%

FY24

₹3.7+244%

FY25

₹31.7+765%

FY26

₹41+29%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	11 Aug 2026	PDF XBRL
Q1 FY27	Standalone	11 Aug 2026	PDF XBRL
Q4 FY26	Consolidated · audited	8 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	8 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	6 Feb 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	–	PDF XBRL
Q3 FY26	Standalone	6 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	–	PDF XBRL
Q2 FY26	Consolidated	7 Nov 2025	PDF XBRL
Q2 FY26	Standalone	7 Nov 2025	PDF XBRL

Annual reports

NSE archive

FY263.81 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 43.3×9.0×

P/B5Y avg 8.33×3.50×

ROEFY26, on average equity51.6%

Net margin8.6%

Debt / equity0.79×

Revenue CAGR (3Y)6.8%

Profit CAGR (3Y)–

EPS (TTM)₹9.81

Market cap₹351 Cr

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

P/B vs history

3.50×

vs 8-point avg 8.33× (−58%)

2.82× low8.33× avg14.24× high

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

Balance sheet 31 Mar 2026

Total assets₹359 Cr+34%

Net worth₹100 Cr+71%

Total borrowings₹79 Cr−1%

Cash & bank balances₹8 Cr−68%

Investments₹87 Cr+98%

Inventories₹3 Cr−13%

Trade receivables₹138 Cr+63%

Trade payables₹99 Cr+133%

Change vs the same date a year earlier.

Revenue mix FY26

Services65.1%result ₹51.2 Cr

Systems Integration33.5%result ₹1.9 Cr

Warranty Management Services1.4%result ₹2.2 Cr

Segment revenue as reported, before inter-segment eliminations.

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
Promoter	69.95	69.95	69.95	69.95	69.95	69.95	69.95	69.95	69.95	69.95	69.95	69.95
FII	0.00	–	–	–	–	0.00	0.00	0.00	0.00	0.13	0.13	0.00
Retail	16.41	16.12	15.93	15.93	15.86	15.72	15.73	15.55	15.93	15.92	15.89	15.47
Other public	13.64	13.93	14.12	14.12	14.19	14.33	14.32	14.50	14.12	14.00	14.03	14.58

7,330 shareholders · NSE shareholding pattern filings.