Quarterly results
standalone · 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 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 136 | 137 | 125 | 136 | 134 | 151 | 118 | 135 | 128 | 138 | 120 | 131 | 112 | 137 | 125 | 127 | 97.9 | 111 | 95.3 | 94 | 55.1 | 93.8 | 71.2 | 64.5 | 27.5 | 101 | 96.7 | 101 | 106 | 86 | 91.2 | 83.5 | 103 |
| Other income | 0.5 | 2.8 | 2.3 | 2.4 | 1.3 | 2.1 | 1.5 | 0 | 1.4 | 2.8 | 0.7 | 1.9 | 1.3 | 0.9 | 0.4 | 0.8 | 1.3 | 1.6 | 0.4 | 0.4 | 0.4 | 1.1 | 0 | 0 | 0 | −0.1 | 0 | 0.1 | 0.6 | 0.8 | 0.5 | 0.3 | 0.5 |
| Total expenses | 129 | 124 | 118 | 125 | 126 | 136 | 108 | 123 | 118 | 126 | 111 | 123 | 103 | 122 | 110 | 115 | 93.3 | 108 | 92.1 | 89.6 | 57.1 | 90.5 | 72.9 | 65.6 | 32.9 | 94.2 | 90.9 | 94.8 | 103 | 84.6 | 89 | 81.2 | 98.9 |
| EBITDA | 10.4 | 17.1 | 12.1 | 15.3 | 12.7 | 18.9 | 14.5 | 15.9 | 14 | 16.6 | 13.5 | 12.6 | 13.1 | 19.6 | 18.2 | 15.6 | 8 | 5.8 | 6.7 | 7.6 | 1.4 | 6.5 | 2.2 | 3 | −1.3 | 11.1 | 10.3 | 10.7 | 7.5 | 5.8 | 6.3 | 6.2 | 8.5 |
| EBITDA margin | 7.7% | 12.5% | 9.6% | 11.3% | 9.5% | 12.5% | 12.3% | 11.8% | 11.0% | 12.0% | 11.2% | 9.6% | 11.8% | 14.3% | 14.6% | 12.3% | 8.2% | 5.3% | 7.0% | 8.1% | 2.5% | 7.0% | 3.0% | 4.7% | -4.6% | 11.0% | 10.6% | 10.6% | 7.0% | 6.7% | 6.9% | 7.4% | 8.2% |
| Finance costs | 0.5 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.5 | 0.7 | 0.3 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.3 | 0.2 | 0.6 | 0.9 | 1 | 1.2 | 1.3 | 1.5 | 1.5 | 1.7 | 1.5 | 1.5 | 1.5 |
| Depreciation | 3.6 | 3.6 | 3.7 | 3.7 | 3.6 | 3.5 | 3.7 | 3.7 | 3.7 | 3.7 | 3.6 | 3.8 | 3.7 | 3.7 | 3.5 | 3.6 | 3.3 | 3.3 | 3.4 | 3.1 | 3.1 | 3.1 | 3.2 | 3.2 | 3.2 | 3.2 | 3.1 | 3.1 | 2.7 | 2.7 | 2.6 | 2.4 | 2.5 |
| Profit before tax | 6.8 | 15.7 | 10.2 | 13.5 | 9.8 | 17 | 11.8 | 11.8 | 11.3 | 15.3 | 10.1 | 10.3 | 10 | 16.6 | 14.9 | 12.7 | 5.9 | 4 | 3.7 | 4.8 | −1.6 | 4.4 | −1.7 | −1.1 | −5.4 | 6.7 | 5.8 | 6.1 | 3.9 | 2.2 | 2.7 | 2.6 | 5 |
| Tax | 1.7 | 4.1 | 2.7 | 3.3 | 2.5 | 4.3 | 3 | 3 | 2.9 | 3.8 | 2.6 | 2.6 | 2.7 | 4.3 | 3.8 | 3.1 | 1.6 | 1 | 0.9 | 1.2 | −0.4 | −1.8 | −0.4 | −0.3 | −1.4 | 1.7 | 1.5 | 1.9 | 3.2 | 0.8 | 0.9 | 1 | 1.9 |
| Net profit | 5.1 | 11.7 | 7.5 | 10.2 | 7.3 | 12.7 | 8.8 | 8.8 | 8.4 | 11.4 | 7.6 | 7.7 | 7.4 | 12.3 | 11.1 | 9.6 | 4.4 | 3 | 2.8 | 3.6 | −1.2 | 6.2 | −1.3 | −0.9 | −4 | 5 | 4.3 | 4.3 | 0.6 | 1.4 | 1.7 | 1.6 | 3.1 |
| Net margin | 3.8% | 8.5% | 5.9% | 7.5% | 5.5% | 8.4% | 7.5% | 6.5% | 6.6% | 8.3% | 6.3% | 5.9% | 6.6% | 9.0% | 8.9% | 7.5% | 4.5% | 2.7% | 2.9% | 3.8% | -2.2% | 6.6% | -1.8% | -1.4% | -14.5% | 4.9% | 4.5% | 4.2% | 0.6% | 1.7% | 1.9% | 2.0% | 3.0% |
| EPS (₹) | 0.86 | 1.96 | 1.25 | 1.71 | 1.23 | 2.13 | 1.49 | 5.90 | 5.63 | 7.69 | 5.09 | 5.18 | 4.97 | 8.29 | 7.49 | 6.42 | 2.95 | 2.01 | 1.87 | 2.41 | -0.82 | 4.17 | -0.86 | -0.59 | -2.69 | 3.35 | 2.93 | 2.89 | 0.43 | 0.98 | 1.16 | 1.11 | 2.11 |
| Net profit YoY | −30.4% | −7.9% | −15.7% | +15.8% | −12.4% | +10.6% | +16.9% | +13.9% | +13.3% | −7.2% | −32.0% | −19.4% | +68.6% | +312.2% | +299.6% | +167.0% | +458.4% | −51.7% | +317.4% | +505.9% | +69.4% | +24.5% | −129.6% | – | −193.6% | +676.4% | +198.8% | +159.5% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 532 | 531 | 502 | 487 | 355 | 257 | 400 | 367 | 102 |
| Other income | 8.8 | 5 | 6.8 | 3.5 | 2.9 | 1.5 | 0 | 2.2 | 0.4 |
| Total expenses | 492 | 485 | 463 | 440 | 347 | 262 | 377 | 358 | 94.4 |
| EBITDA | 57.3 | 63.3 | 55.8 | 61.4 | 21.5 | 10.2 | 41.2 | 25.7 | 10 |
| EBITDA margin | 10.8% | 11.9% | 11.1% | 12.6% | 6.1% | 4.0% | 10.3% | 7.0% | 9.8% |
| Finance costs | 2.1 | 1.7 | 2.1 | 0.6 | 0.7 | 2.7 | 5.5 | 6.1 | 0.4 |
| Depreciation | 14.7 | 14.7 | 14.8 | 14.1 | 12.8 | 12.7 | 12.5 | 10.4 | 2.1 |
| Profit before tax | 49.3 | 51.9 | 45.7 | 50.1 | 10.9 | −3.8 | 23.3 | 11.4 | 7.9 |
| Tax | 12.7 | 13.2 | 11.6 | 12.7 | 2.7 | −3.8 | 4 | 5.9 | 2.2 |
| Net profit | 36.6 | 38.7 | 34.1 | 37.4 | 8.1 | 0 | 19.2 | 5.5 | 5.7 |
| Net margin | 6.9% | 7.3% | 6.8% | 7.7% | 2.3% | 0.0% | 4.8% | 1.5% | 5.5% |
| EPS (₹) | 6.15 | 6.50 | 22.93 | 25.15 | 5.47 | 0.03 | 12.94 | 3.69 | 3.82 |
| Net profit YoY | −5.3% | +13.4% | −8.8% | +359.8% | +20647.7% | −99.8% | +253.1% | – | – |
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 | 33.3 | 56.9 | 38.4 | 43.4 | 20.4 |
| Investing cash flow | −33.3 | −35.5 | −23 | −29 | −14.1 |
| Financing cash flow | −12.2 | −9.8 | −9.9 | −6.8 | −6.4 |
| Capital expenditure | 32.4 | 16.8 | 27.9 | 25 | 14.2 |
| Free cash flow (CFO − capex) | 1 | 40.1 | 10.5 | 18.4 | 6.2 |
Net profit trend
annual, ₹ croreFY21
₹0
FY22
₹8.1+20648%
FY23
₹37.4+360%
FY24
₹34.1−9%
FY25
₹38.7+13%
FY26
₹36.6−5%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 6 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 6 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 8 Nov 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 18.3×16.1×
P/B5Y avg 3.71×2.12×
ROEFY26, on average equity14.8%
Net margin6.9%
Debt / equity0.00×
Revenue CAGR (3Y)3.0%
Profit CAGR (3Y)-0.7%
EPS (TTM)₹5.78
Market cap₹555 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.12×
vs 8-point avg 3.71× (−43%)
1.97× low3.71× avg6.20× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹350 Cr+6%
Net worth₹261 Cr+12%
Total borrowings₹0 Cr
Cash & bank balances₹12 Cr−49%
Investments₹15 Cr+52%
Inventories₹96 Cr+7%
Trade receivables₹49 Cr−4%
Trade payables₹51 Cr−11%
Change vs the same date a year earlier.