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 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY18 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 555 | 640 | 532 | 573 | 540 | 606 | 624 | 571 | 492 | 574 | 438 | 392 | 411 | 549 | 404 | 478 | 639 | 729 | 676 | 631 | 524 | 642 | 590 | 414 | 54.5 | 640 | 485 | 390 | 627 | 713 | 519 | 583 | 0 |
| Other income | 18.2 | 0.8 | 5.6 | 0.4 | 2.7 | 0.5 | 0.3 | 0.5 | 1.4 | 0.7 | 0.5 | 0.4 | 0.5 | 0.4 | 3.7 | 1.1 | 1 | 1 | 0.9 | 3.5 | 1 | 19.3 | 3.2 | 0.4 | 1.7 | 2.2 | 1.9 | 1.5 | 1.5 | 1.8 | 2 | 1.6 | 0 |
| Total expenses | 537 | 612 | 522 | 558 | 520 | 575 | 599 | 548 | 469 | 536 | 410 | 376 | 392 | 514 | 386 | 438 | 584 | 683 | 635 | 601 | 500 | 636 | 560 | 393 | 72.8 | 640 | 472 | 380 | 615 | 705 | 518 | 572 | 0 |
| EBITDA | 30.1 | 41.2 | 22.2 | 30.6 | 40.3 | 49 | 50.7 | 48.4 | 46.7 | 55.5 | 50.6 | 34.9 | 42.2 | 57.4 | 43 | 61.4 | 73.9 | 66.1 | 58.8 | 48.5 | 42.9 | 23.6 | 45.9 | 44.8 | 2 | 31.9 | 37.9 | 48.8 | 46.4 | 45 | 41.4 | 60.9 | 0 |
| EBITDA margin | 5.4% | 6.4% | 4.2% | 5.3% | 7.5% | 8.1% | 8.1% | 8.5% | 9.5% | 9.7% | 11.6% | 8.9% | 10.3% | 10.5% | 10.6% | 12.9% | 11.6% | 9.1% | 8.7% | 7.7% | 8.2% | 3.7% | 7.8% | 10.8% | 3.7% | 5.0% | 7.8% | 12.5% | 7.4% | 6.3% | 8.0% | 10.4% | – |
| Finance costs | 8 | 9.3 | 8.7 | 11 | 15.1 | 12.2 | 16.5 | 16.2 | 14.5 | 8.9 | 14.8 | 10.7 | 15 | 13.1 | 15.6 | 13.3 | 11.9 | 12.6 | 10.9 | 11.3 | 11.2 | 10.7 | 8.7 | 17.1 | 12.9 | 20.7 | 13.5 | 17.6 | 12.6 | 16.3 | 18 | 23 | 0 |
| Depreciation | 4.1 | 4 | 3.8 | 4.3 | 5.1 | 6.8 | 9.3 | 9.1 | 9.1 | 8.4 | 8.4 | 8.4 | 8.4 | 9.1 | 9.4 | 8.2 | 7.2 | 7.6 | 7.6 | 7.6 | 7.6 | 6.9 | 7.5 | 7.5 | 7.4 | 11.5 | 11.7 | 21 | 22.4 | 20.7 | 22.7 | 27.2 | 0 |
| Profit before tax | 36.3 | 28.7 | 15.3 | 17 | 22.8 | 30.5 | 25.1 | 23.6 | 24.5 | 38.9 | 28 | 16.3 | 19.3 | 35.6 | 21.7 | 40.9 | 55.8 | 46.9 | 41.2 | 33.2 | 25.2 | 25.4 | 32.9 | 20.6 | −16.5 | 1.9 | 14.5 | 11.7 | 12.9 | 9.9 | 2.7 | 12.3 | 0 |
| Tax | 7.3 | 6 | 3.9 | 5.1 | 5.3 | 8.5 | 6.6 | 6.3 | 6.4 | 10.8 | 7 | 3.5 | 5.6 | 9.1 | 6.9 | 8.2 | 14.1 | 11.8 | 10.4 | 8.2 | 6.3 | 9.1 | 7.7 | 5.7 | −4.3 | 1.6 | 3.3 | −0.4 | 4.1 | 4.7 | 2.3 | 3.7 | 0 |
| Net profit | 32.4 | 26.1 | 14.3 | 11.9 | 17.4 | 22 | 18.4 | 17.3 | 18.1 | 28.2 | 21 | 12.8 | 13.7 | 26.5 | 14.8 | 32.7 | 41.7 | 34.5 | 30.8 | 25 | 18.9 | 16.3 | 25.2 | 17.6 | −14.9 | 0.3 | 11.4 | 12.1 | 8.8 | 5.2 | 1.1 | 7.8 | 0 |
| Net margin | 5.8% | 4.1% | 2.7% | 2.1% | 3.2% | 3.6% | 3.0% | 3.0% | 3.7% | 4.9% | 4.8% | 3.3% | 3.3% | 4.8% | 3.7% | 6.9% | 6.5% | 4.7% | 4.6% | 4.0% | 3.6% | 2.5% | 4.3% | 4.3% | -27.3% | 0.0% | 2.3% | 3.1% | 1.4% | 0.7% | 0.2% | 1.3% | – |
| EPS (₹) | 0.32 | 0.26 | 0.14 | 0.12 | 0.17 | 0.22 | 0.92 | 0.86 | 0.90 | 1.41 | 1.05 | 0.64 | 0.68 | 1.32 | 0.74 | 1.63 | 2.08 | 2.17 | 1.53 | 1.25 | 0.94 | 0.81 | 1.26 | 0.88 | -0.74 | 0.01 | 0.57 | 0.60 | 0.44 | 0.26 | 0.05 | 1.94 | 0.00 |
| Net profit YoY | +85.8% | +18.7% | −22.3% | −31.3% | −3.5% | −21.8% | −12.3% | +35.9% | +31.9% | +6.2% | +42.5% | −61.0% | −67.2% | −23.2% | −52.0% | +30.9% | +120.7% | +111.9% | +22.0% | +42.1% | +226.8% | +5917.8% | +121.7% | +45.5% | −269.7% | −94.8% | +952.5% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,286 | 2,288 | 1,814 | 2,070 | 2,559 | 1,700 | 2,199 | 2,212 | 1,650 |
| Other income | 9.5 | 2.7 | 2.2 | 1.5 | 6.4 | 24.7 | 6.6 | 6.6 | 8.1 |
| Total expenses | 2,213 | 2,187 | 1,714 | 1,917 | 2,419 | 1,662 | 2,166 | 2,175 | 1,573 |
| EBITDA | 134 | 195 | 183 | 238 | 216 | 116 | 139 | 199 | 184 |
| EBITDA margin | 5.9% | 8.5% | 10.1% | 11.5% | 8.5% | 6.8% | 6.3% | 9.0% | 11.2% |
| Finance costs | 44.1 | 59.5 | 49.4 | 51.8 | 46 | 49.3 | 61 | 73.7 | 54 |
| Depreciation | 17.3 | 34.4 | 33.5 | 33.9 | 30.4 | 29.3 | 45.5 | 88.2 | 53.1 |
| Profit before tax | 82.4 | 104 | 103 | 154 | 146 | 62.4 | 39.2 | 44 | 85.3 |
| Tax | 20.4 | 27.8 | 26.8 | 38.3 | 36.6 | 18.2 | 10.8 | 13.3 | 26.7 |
| Net profit | 69.8 | 75.9 | 75.6 | 116 | 109 | 44.2 | 28.5 | 30 | 58.6 |
| Net margin | 3.1% | 3.3% | 4.2% | 5.6% | 4.3% | 2.6% | 1.3% | 1.4% | 3.6% |
| EPS (₹) | 0.70 | 0.76 | 3.77 | 5.77 | 5.90 | 2.20 | 1.42 | 1.50 | 14.61 |
| Net profit YoY | −8.0% | +0.3% | −34.6% | +6.0% | +147.0% | +55.2% | −5.1% | – | – |
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 | 216 | 167 | 4.9 | 306 | −94.6 |
| Investing cash flow | 64.5 | 2.6 | −5.2 | −212 | −11 |
| Financing cash flow | −271 | −147 | −8 | 184 | 105 |
| Capital expenditure | 24 | 21.9 | 33.4 | 210 | 4.2 |
| Free cash flow (CFO − capex) | 192 | 145 | −28.6 | 96.4 | −98.8 |
Net profit trend
annual, ₹ croreFY21
₹44.2
FY22
₹109+147%
FY23
₹116+6%
FY24
₹75.6−35%
FY25
₹75.9+0%
FY26
₹69.8−8%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 31 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone · audited | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 25 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 25 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 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 |
| Q1 FY26 | Consolidated | 14 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 14 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 64.7×55.3×
P/B5Y avg 7.95×5.45×
ROEFY26, on average equity8.5%
Net margin3.1%
Debt / equity0.65×
Revenue CAGR (3Y)3.4%
Profit CAGR (3Y)-15.5%
EPS (TTM)₹0.85
Market cap₹4,688 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.45×
vs 8-point avg 7.95× (−31%)
2.11× low7.95× avg11.43× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,659 Cr−8%
Net worth₹860 Cr+9%
Total borrowings₹558 Cr−30%
Cash & bank balances₹37 Cr+36%
Investments₹0 Cr
Inventories₹301 Cr−8%
Trade receivables₹596 Cr−3%
Trade payables₹216 Cr+21%
Change vs the same date a year earlier.
Revenue mix FY26
Textiles99.6%result ₹142 Cr
Electric Vehicles0.4%result ₹−8.1 Cr
Segment revenue as reported, before inter-segment eliminations.