Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY25
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 519 | 632 | 345 | 301 | 219 | 401 | 212 |
| Other income | 1.5 | 2.1 | 2.6 | 2.8 | 1.1 | 7.5 | 0.8 |
| Total expenses | 484 | 526 | 290 | 250 | 186 | 344 | 179 |
| EBITDA | 60.5 | 131 | 74.6 | 65.8 | 48.5 | 70.4 | 43.2 |
| EBITDA margin | 11.7% | 20.7% | 21.6% | 21.9% | 22.1% | 17.6% | 20.4% |
| Finance costs | 15.4 | 16.2 | 11.1 | 9 | 9.4 | 8.6 | 7 |
| Depreciation | 9.2 | 8.6 | 8.6 | 5.6 | 5.5 | 4.6 | 3.1 |
| Profit before tax | 37.4 | 108 | 57.5 | 54 | 34.8 | 64.7 | 34 |
| Tax | 11.2 | 29.4 | 16 | 17.9 | 9.2 | 18.8 | 7.5 |
| Net profit | 26.1 | 78.7 | 41.3 | 35.9 | 25.4 | 45.8 | 26.4 |
| Net margin | 5.0% | 12.5% | 12.0% | 12.0% | 11.6% | 11.4% | 12.5% |
| EPS (₹) | 3.85 | 11.74 | 6.18 | 5.36 | 3.81 | 6.87 | 3.96 |
| Net profit YoY | +2.6% | +71.8% | +56.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 |
|---|---|---|
| Revenue from operations | 1,497 | 939 |
| Other income | 8.5 | 19.7 |
| Total expenses | 1,251 | 804 |
| EBITDA | 320 | 176 |
| EBITDA margin | 21.4% | 18.8% |
| Finance costs | 45.7 | 28.7 |
| Depreciation | 28.3 | 12.7 |
| Profit before tax | 254 | 155 |
| Tax | 72.6 | 38.7 |
| Net profit | 181 | 115 |
| Net margin | 12.1% | 12.3% |
| EPS (₹) | 27.07 | 17.29 |
| Net profit YoY | +57.3% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 |
|---|---|---|
| Operating cash flow | 123 | 162 |
| Investing cash flow | −212 | −241 |
| Financing cash flow | 120 | 101 |
| Capital expenditure | 218 | 258 |
| Free cash flow (CFO − capex) | −95 | −96 |
Net profit trend
annual, ₹ croreFY25
₹115
FY26
₹181+57%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 11 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 11 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 7 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 7 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 21 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 21 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 7 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 5 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 5 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 15.5×8.3×
P/B5Y avg 6.13×2.87×
ROEFY26, on average equity43.4%
Net margin12.1%
Debt / equity0.74×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹26.93
Market cap₹1,504 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.87×
vs 3-point avg 6.13× (−53%)
2.87× low6.13× avg8.00× high
History points are balance-sheet dates (2025 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,691 Cr+130%
Net worth₹523 Cr+67%
Total borrowings₹386 Cr+70%
Cash & bank balances₹6 Cr+156%
Investments₹10 Cr−4%
Inventories₹1,333 Cr+484%
Trade receivables₹168 Cr−48%
Trade payables₹657 Cr+101%
Change vs the same date a year earlier.
Revenue mix FY26
Infrastructure Development97.0%result ₹285 Cr
Sale of Power2.4%result ₹12 Cr
Operation & Maintenance Services0.7%result ₹2.7 Cr
Segment revenue as reported, before inter-segment eliminations.