Your investments deserve an analyst, not a dashboard.

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	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q4 FY18
Revenue from operations	275	263	242	238	254	245	239	173	171	198	183	142	94	103	138	138	105	116	100	99.3	112	114	86.4	85.3	90.3	49.9	44.4	31.6	0	0
Other income	7.2	8.8	−80.5	109	8.5	18.6	14.6	10.1	13.1	10.6	6	7.8	4.6	4.7	7.4	17.6	8.1	11.2	8.2	4.5	3.3	1.7	1.5	1.6	12.7	4.2	8.9	7.9	0	0
Total expenses	212	224	210	185	187	192	189	161	154	166	148	109	71.5	83.7	111	108	81.1	100	92.9	90.7	102	116	90	81.1	83.2	50.5	49.3	33.5	0	0
EBITDA	104	78.1	71.7	92.6	107	87	80.7	31.2	38.5	49.4	55	53.2	41.5	38.3	44.9	47.5	41.3	29	17	18.8	21.6	9.8	8.6	15.5	17.7	10.1	6.9	3.5	0	0
EBITDA margin	37.6%	29.7%	29.7%	38.9%	42.0%	35.5%	33.7%	18.1%	22.5%	25.0%	30.1%	37.4%	44.2%	37.1%	32.5%	34.5%	39.5%	25.1%	16.9%	18.9%	19.2%	8.6%	10.0%	18.2%	19.6%	20.3%	15.4%	10.9%	–	–
Finance costs	1.4	1.5	2.3	2.1	2.6	3.5	3.7	4.1	5.1	1.9	3.7	4	3.3	3.2	1.9	1.4	2.4	1.7	1.7	2.2	3.3	3.8	3.9	3.2	2.3	2.5	4.4	3.3	0	0
Depreciation	38.7	37.7	37.8	37.9	37.2	30.6	26.5	16	16	16	15.9	15.9	15.8	15.5	15.7	15.8	15.6	11.9	8	8	7.9	8.2	8.2	8.1	8.2	8.2	7.3	2	0	0
Profit before tax	70.7	43.7	−48.9	162	75.5	71.5	65.2	21.2	30.6	42	41.4	41.1	27.1	24.3	34.6	48	31.5	26.6	15.5	13.2	13.6	−0.5	−2	5.8	19.8	3.6	4	6	0	0
Tax	18.3	11.5	−12.1	40.9	19.1	18.2	16.4	5.4	7.6	10.2	10.3	10.2	6.8	6.4	9.1	12.2	8.1	2.8	8	3.2	6.8	−0.1	−0.5	1.6	10.7	−4.8	−0.4	1.7	0	0
Net profit	47.1	45.4	−33.4	133	66.1	71.6	66	34.5	43.9	−15	31.9	22.1	12.1	10.2	24.9	31.7	19.2	34.4	3.6	7.3	44.6	−16.4	−24.1	−9.9	−547	−8	−25.1	−10.8	0	0
Net margin	17.1%	17.3%	-13.8%	55.7%	26.0%	29.2%	27.5%	20.0%	25.7%	-7.6%	17.4%	15.6%	12.8%	9.9%	18.0%	23.0%	18.3%	29.7%	3.6%	7.3%	39.6%	-14.5%	-27.8%	-11.6%	-605.3%	-16.0%	-56.6%	-34.1%	–	–
EPS (₹)	16.27	15.66	-11.52	45.73	22.81	24.71	22.76	11.90	15.14	-5.18	11.02	7.63	4.17	3.51	8.58	10.95	6.61	11.88	1.24	2.50	15.38	-5.68	-8.30	-4.09	-172.38	-0.41	-0.58	-14.20	0.00	0.00
Net profit YoY	−28.7%	−36.6%	−150.6%	+284.5%	+50.7%	+577.4%	+106.5%	+55.8%	+263.4%	−247.3%	+28.4%	−30.3%	–	−46.9%	−27.8%	+784.1%	−57.0%	+309.3%	+114.9%	+173.1%	+108.1%	−105.3%	+4.2%	+7.9%	–	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	997	828	617	512	420	398	216	207	149
Other income	45.8	56.4	29	46.9	32	8.1	33.6	53.9	44.8
Total expenses	806	696	494	408	365	389	216	221	222
EBITDA	349	237	199	175	106	55.5	38.1	7.9	−60.5
EBITDA margin	35.0%	28.7%	32.3%	34.2%	25.3%	13.9%	17.6%	3.8%	-40.6%
Finance costs	8.4	16.3	12.8	8	7.9	14.3	12.6	12.6	2.9
Depreciation	151	89.1	63.6	62.8	43.4	32.4	25.8	8.9	9.2
Profit before tax	232	188	152	151	86.8	16.9	33.4	40.3	−27.8
Tax	59.4	47.6	37.6	39.2	22.1	7.7	7.2	0.3	−8.6
Net profit	211	216	51.2	96.9	64.5	−5.9	−591	68.2	−8.3
Net margin	21.1%	26.1%	8.3%	18.9%	15.4%	-1.5%	-273.2%	32.9%	-5.6%
EPS (₹)	72.67	74.50	17.65	33.43	22.25	-2.03	-187.57	52.53	-1.59
Net profit YoY	−2.5%	+322.1%	−47.2%	+50.3%	+1198.3%	+99.0%	−966.1%	+918.7%	–

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	864	−44.2	64.1	196
Investing cash flow	−108	−726	−20.5	−37.8	−66.4
Financing cash flow	−82.5	−148	73.1	−23.1	−119
Capital expenditure	50.6	835	14.1	15.2	193
Free cash flow (CFO − capex)	128	29.6	−58.3	48.9	3.1

Net profit trend

annual, ₹ crore

FY21

₹−5.9

FY22

₹64.5+1198%

FY23

₹96.9+50%

FY24

₹51.2−47%

FY25

₹216+322%

FY26

₹211−2%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	7 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	7 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	22 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	22 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	28 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	28 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	4 Nov 2025	PDF XBRL
Q2 FY26	Standalone	4 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	30 Jul 2025	PDF XBRL
Q1 FY26	Consolidated	–	PDF XBRL

Annual reports

NSE archive

FY263.02 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 15.2×9.0×

P/B5Y avg 1.04×0.94×

ROEFY26, on average equity12.4%

Net margin21.1%

Debt / equity0.05×

Revenue CAGR (3Y)24.8%

Profit CAGR (3Y)29.5%

EPS (TTM)₹66.13

Market cap₹1,716 Cr

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

P/B vs history

0.94×

vs 8-point avg 1.04× (−9%)

0.53× low1.04× avg1.52× high

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

Balance sheet 31 Mar 2026

Total assets₹2,557 Cr−10%

Net worth₹1,820 Cr+15%

Total borrowings₹93 Cr−43%

Cash & bank balances₹0 Cr−25%

Investments₹792 Cr+31%

Inventories₹63 Cr−4%

Trade receivables₹224 Cr+10%

Trade payables₹44 Cr−9%

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
Promoter	66.78	66.78	66.44	64.40	64.24	64.25	64.25	64.25	64.25	64.25	63.40	63.40
FII	0.42	0.62	0.85	2.04	2.13	2.05	0.64	0.45	0.29	0.42	0.27	0.29
DII	0.01	0.00	0.00	0.20	0.49	0.95	1.05	1.05	1.05	0.85	0.84	0.01
of which MF	–	–	–	0.20	0.20	–	–	–	–	–	–	–
Retail	20.02	19.61	19.71	20.11	20.33	20.47	17.46	17.66	17.69	17.36	17.20	17.16
Other public	12.77	12.99	13.00	13.25	12.81	12.28	16.60	16.59	16.72	17.12	18.29	19.14

42,625 shareholders · NSE shareholding pattern filings.