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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY20

₹ 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
Revenue from operations	34.6	33.1	32.7	83.6	30.1	29.5	29.2	162	27.2	27	27.3	89.2	26.1	24.5	26	337	19.2	16.9	134	15.6	15	15	50.3	12.5	11.8
Other income	0.1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total expenses	5.7	3.1	3.6	3.6	3.7	3.9	3.3	3.7	3.2	3.4	2.7	3	2.9	1.2	1.3	2.1	1	2	1.6	1.2	1.8	1.3	1	1	1.5
EBITDA	28.9	30	29.1	80	26.3	25.6	25.9	158	24	23.6	24.6	86.1	23.2	23.2	24.7	335	18.2	14.9	133	14.5	13.4	13.7	49.3	11.5	10.4
EBITDA margin	83.6%	90.7%	89.0%	95.7%	87.6%	86.9%	88.8%	97.7%	88.3%	87.4%	90.1%	96.6%	88.8%	95.0%	95.1%	99.4%	94.7%	88.1%	98.8%	92.5%	88.8%	91.4%	97.9%	92.0%	87.6%
Finance costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.1	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	29.1	30.3	26.4	80	26.3	25.6	25.9	158	24	23.6	24.6	86.1	23.2	23.2	24.7	335	18.2	14.9	133	14.5	13.3	13.7	49.3	11.5	10.4
Tax	7.6	7.6	6.7	20.3	6.7	6.5	6.5	40.2	6.1	4.2	6.4	22.3	6	5.9	6.3	84.7	4.7	3.8	33.5	3.8	3.1	3.5	12.5	2.9	0.8
Net profit	24.5	13.5	32.1	67.2	33.8	9.7	13.9	118	52.6	33.3	34.7	63.2	24.4	41.5	29.9	255	15.9	16.7	104	14.9	11.1	15.1	39.5	9.5	9.6
Net margin	70.9%	40.9%	98.4%	80.4%	112.4%	33.0%	47.5%	72.9%	193.1%	123.3%	127.2%	70.9%	93.3%	169.6%	115.1%	75.4%	82.8%	98.4%	77.5%	95.3%	74.0%	101.1%	78.5%	75.9%	81.3%
EPS (₹)	22.11	12.21	28.94	60.52	30.47	8.76	12.51	107.80	47.38	30.00	31.28	56.95	21.95	37.40	26.97	229.35	14.31	14.76	94.13	13.46	10.05	13.68	35.67	8.56	8.70
Net profit YoY	−27.4%	+39.3%	+131.3%	−43.2%	−35.7%	−70.8%	−60.0%	+87.1%	+115.9%	−19.7%	+15.9%	−75.2%	–	+161.2%	+79.7%	+144.3%	+42.8%	+10.1%	+163.8%	+57.3%	+15.6%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20
Revenue from operations	179	248	170	407	186	92.8	121
Other income	0	0	0	0	0	0	0
Total expenses	14	14.1	12.1	5.9	5.8	5.1	5.6
EBITDA	165	234	157	401	180	87.8	115
EBITDA margin	92.2%	94.3%	92.9%	98.5%	96.9%	94.6%	95.4%
Finance costs	0	0	0	0	0	0.1	0
Depreciation	0	0	0	0	0	0	0
Profit before tax	163	234	157	401	180	87.7	115
Tax	41.4	59.3	38.8	101	45.8	22	11.4
Net profit	147	196	156	331	152	75.2	106
Net margin	81.7%	78.9%	91.7%	81.5%	81.5%	81.0%	88.0%
EPS (₹)	132.14	176.45	140.18	298.72	136.66	67.96	96.17
Net profit YoY	−25.1%	+25.9%	−53.1%	+118.6%	+101.6%	−29.3%	–

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	140	169	30	278	130
Investing cash flow	−140	−170	−112	779	−131
Financing cash flow	−0.9	0	0	0	0
Capital expenditure	0	0	0	0	0
Free cash flow (CFO − capex)	140	169	30	278	130

Net profit trend

annual, ₹ crore

FY21

₹75.2

FY22

₹152+102%

FY23

₹331+119%

FY24

₹156−53%

FY25

₹196+26%

FY26

₹147−25%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	6 Aug 2026	PDF XBRL
Q1 FY27	Standalone	6 Aug 2026	PDF XBRL
Q4 FY26	Consolidated	–	PDF on NSE XBRL
Q4 FY26	Consolidated	28 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone	28 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	6 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	6 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	31 Jul 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY262.33 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)89.4×

P/B0.37×

ROEFY26, on average equity0.5%

Net margin81.7%

Debt / equity0.00×

Revenue CAGR (3Y)-23.9%

Profit CAGR (3Y)-23.8%

EPS (TTM)₹123.78

Market cap₹12,277 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₹37,203 Cr+5%

Net worth₹33,011 Cr+5%

Total borrowings₹0 Cr

Cash & bank balances₹3 Cr−24%

Investments₹35,849 Cr+5%

Inventories₹0 Cr

Trade receivables₹2 Cr+546%

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	66.29	66.29	66.29	66.29	66.29	66.29	66.29	66.29	66.29	66.29	66.29	66.29
FII	22.28	22.65	22.89	22.64	22.61	22.62	22.27	21.71	21.51	21.42	22.38	22.37
DII	0.18	0.09	0.11	0.26	0.30	0.21	0.11	0.11	0.12	0.12	0.07	0.07
of which MF	0.15	0.06	0.07	0.20	0.20	–	–	–	–	–	–	–
Retail	6.56	6.29	6.09	6.15	6.19	6.27	6.61	7.14	7.28	7.36	7.35	7.38
Other public	4.68	4.67	4.61	4.65	4.60	4.60	4.71	4.74	4.78	4.79	3.90	3.87

28,192 shareholders · NSE shareholding pattern filings.