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 | Q3 FY19 | Q2 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 327 | 333 | 318 | 263 | 217 | 204 | 160 | 104 | 165 | 163 | 134 | 166 | 218 | 236 | 156 | 156 | 194 | 202 | 163 | 109 | 138 | 117 | 112 | 167 | 108 | 124 | 170 | 112 | 195 | 106 | 167 |
| Other income | 3.7 | −1.8 | 2.7 | 1 | 2.5 | 0.9 | 0 | 7.8 | 3.8 | 4.2 | 3.6 | 4.5 | 3.3 | 1.5 | 3.5 | 2.2 | 0.1 | 1.3 | 1.2 | 3.1 | 2.8 | 1.4 | 1.8 | 2.5 | 1.7 | 1.7 | 1.4 | −0.3 | 0.3 | 1.6 | −0 |
| Total expenses | 301 | 305 | 308 | 257 | 211 | 200 | 158 | 110 | 165 | 160 | 132 | 159 | 207 | 229 | 155 | 155 | 193 | 186 | 155 | 104 | 126 | 107 | 106 | 157 | 108 | 118 | 168 | 115 | 189 | 106 | 165 |
| EBITDA | 33.5 | 38 | 15.4 | 12.4 | 10.8 | 9 | 5.8 | −3.1 | 3.1 | 8 | 6.2 | 9.8 | 13.4 | 11.2 | 3.8 | 4.6 | 4.5 | 18.9 | 10.9 | 7.8 | 15.5 | 12.5 | 9.8 | 13.6 | 3.3 | 10.4 | 5.7 | −0.1 | 8.4 | 1.5 | 5.7 |
| EBITDA margin | 10.2% | 11.4% | 4.8% | 4.7% | 4.9% | 4.4% | 3.6% | -3.0% | 1.9% | 4.9% | 4.6% | 5.9% | 6.2% | 4.8% | 2.5% | 2.9% | 2.3% | 9.4% | 6.7% | 7.2% | 11.2% | 10.7% | 8.7% | 8.1% | 3.1% | 8.3% | 3.4% | -0.1% | 4.3% | 1.4% | 3.4% |
| Finance costs | 3.6 | 6.7 | 2.5 | 3.9 | 2.8 | 3.4 | 2.1 | 1.3 | 1.7 | 3.8 | 3 | 0.7 | 0.7 | 1.8 | 0.9 | 0.9 | 0.4 | 0.6 | 0.4 | 0.2 | 0.3 | 0.3 | 0.4 | 0.6 | 0.7 | 0.8 | 0.5 | 0.6 | 0.5 | 0.7 | 1.5 |
| Depreciation | 3.2 | 3 | 3 | 3 | 1.9 | 1.5 | 1.6 | 1.5 | 1.5 | 1.3 | 1.8 | 1.8 | 2 | 2.4 | 2.5 | 2.7 | 2.6 | 2.7 | 2.7 | 2.7 | 2.8 | 2.7 | 2.5 | 2.4 | 2.4 | 2.8 | 2.6 | 2.5 | 1.6 | 1.5 | 2.4 |
| Profit before tax | 30.5 | 26.4 | 12.6 | 6.5 | 8.6 | 4.9 | 2.1 | 1.7 | 3.3 | 5.6 | 7 | 11.8 | 13.5 | 8.5 | 3.9 | 3.3 | 1.5 | 16.9 | 9 | 7.9 | 15.2 | 10.8 | 8.6 | 13.1 | 1.9 | 8.5 | 4.1 | −3.4 | 6.6 | 0.9 | 1.8 |
| Tax | 7.8 | 7.1 | 3 | 2 | 2.1 | 0.2 | −0.2 | 0.6 | 1.7 | 1.1 | 2.1 | 2.9 | 3.3 | 2.3 | 1 | 0.8 | 0.8 | 6.5 | 1 | 2 | 4.1 | 3.1 | 1.7 | 2.7 | 0.4 | 2 | 1.4 | −2.3 | 3 | 0.4 | −1.3 |
| Net profit | 22.6 | 19.3 | 9.6 | 4.5 | 6.5 | 4.7 | 2.3 | 1.1 | 1.6 | 4.5 | 4.8 | 8.9 | 10.1 | 6.2 | 2.8 | 2.5 | 0.7 | 10.4 | 8 | 5.8 | 11.2 | 7.7 | 6.9 | 10.4 | 1.5 | 6.5 | 2.7 | −1.2 | 3.6 | 0.5 | 3.1 |
| Net margin | 6.9% | 5.8% | 3.0% | 1.7% | 3.0% | 2.3% | 1.4% | 1.0% | 1.0% | 2.8% | 3.6% | 5.4% | 4.7% | 2.6% | 1.8% | 1.6% | 0.3% | 5.1% | 4.9% | 5.4% | 8.1% | 6.6% | 6.2% | 6.2% | 1.4% | 5.2% | 1.6% | -1.0% | 1.9% | 0.5% | 1.9% |
| EPS (₹) | 3.46 | 2.95 | 1.47 | 0.69 | 0.99 | 0.72 | 0.35 | 0.17 | 0.25 | 0.69 | 0.73 | 1.36 | 1.55 | 0.95 | 0.43 | 0.38 | 0.10 | 1.18 | 1.21 | 0.89 | 1.70 | 1.18 | 1.06 | 1.58 | 0.23 | 0.99 | 0.40 | -0.18 | 0.55 | 0.08 | 0.47 |
| Net profit YoY | +249.2% | +310.5% | +314.4% | +311.4% | +298.0% | +4.4% | −51.8% | −87.7% | −83.9% | −27.6% | +69.5% | +261.8% | +1443.6% | −40.1% | −64.3% | −57.7% | −94.1% | +34.1% | +14.8% | −43.9% | +648.0% | +19.8% | +161.1% | +996.9% | – | – | −26.8% | −334.9% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,131 | 634 | 681 | 742 | 611 | 504 | 536 | 510 |
| Other income | 4.3 | 12.5 | 15.6 | 7.3 | 8.2 | 7.4 | 2.8 | 2.5 |
| Total expenses | 1,081 | 634 | 659 | 733 | 570 | 477 | 529 | 490 |
| EBITDA | 76.6 | 14.8 | 37.4 | 24.1 | 53.1 | 39.3 | 19.3 | 31.5 |
| EBITDA margin | 6.8% | 2.3% | 5.5% | 3.2% | 8.7% | 7.8% | 3.6% | 6.2% |
| Finance costs | 15.9 | 8.5 | 8.2 | 3.9 | 1.6 | 2.1 | 2.2 | 4.2 |
| Depreciation | 10.8 | 6.1 | 7 | 10.3 | 10.9 | 10.1 | 9.4 | 7.6 |
| Profit before tax | 54.2 | 12 | 37.8 | 17.1 | 48.9 | 34.4 | 10.5 | 22.3 |
| Tax | 14.2 | 2.3 | 9.4 | 4.9 | 13.6 | 7.9 | 1.9 | 6.7 |
| Net profit | 39.9 | 9.7 | 28.4 | 12.2 | 35.3 | 26.5 | 8.6 | 15.6 |
| Net margin | 3.5% | 1.5% | 4.2% | 1.6% | 5.8% | 5.3% | 1.6% | 3.1% |
| EPS (₹) | 6.09 | 1.49 | 4.33 | 1.86 | 5.39 | 4.05 | 1.31 | 2.38 |
| Net profit YoY | +309.4% | −65.6% | +132.9% | −65.5% | +33.1% | +208.8% | – | – |
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 | 61.6 | 13.5 | −52.2 | 24.2 | −0.6 |
| Investing cash flow | 3.2 | −21 | −84.4 | −64.7 | 57.2 |
| Financing cash flow | −70.4 | 9.2 | 130 | 35.4 | −59.2 |
| Capital expenditure | 37.4 | 70.9 | 38.7 | 8.2 | 6.9 |
| Free cash flow (CFO − capex) | 24.2 | −57.4 | −90.9 | 15.9 | −7.5 |
Net profit trend
annual, ₹ croreFY21
₹26.5
FY22
₹35.3+33%
FY23
₹12.2−65%
FY24
₹28.4+133%
FY25
₹9.7−66%
FY26
₹39.9+309%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 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 | 31 Jan 2026 | PDF XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 31 Jan 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 29 Jul 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 17.3×12.3×
P/B5Y avg 1.07×2.11×
ROEFY26, on average equity13.0%
Net margin3.5%
Debt / equity0.46×
Revenue CAGR (3Y)15.1%
Profit CAGR (3Y)48.5%
EPS (TTM)₹8.56
Market cap₹689 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.11×
vs 8-point avg 1.07× (+98%)
0.80× low1.07× avg2.11× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹593 Cr+10%
Net worth₹326 Cr+13%
Total borrowings₹149 Cr−27%
Cash & bank balances₹5 Cr−55%
Investments₹86 Cr−33%
Inventories₹155 Cr+14%
Trade receivables₹64 Cr+69%
Trade payables₹54 Cr+161%
Change vs the same date a year earlier.