Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 179 | 154 | 164 | 158 | 147 | 150 | 124 | 138 | 118 | 105 | 111 | 169 | 109 | 104 | 130 | 154 | 104 | 124 | 118 | 143 |
| Other income | 0.1 | −19.8 | 0 | 20.5 | 4 | 0 | 0 | 0.1 | 0.2 | 0.2 | 0 | 0.1 | 0.4 | 0 | 0.6 | 0 | 0.3 | 0.3 | 0.1 | 0.8 |
| Total expenses | 170 | 125 | 159 | 171 | 136 | 143 | 119 | 135 | 116 | 104 | 110 | 168 | 109 | 102 | 129 | 185 | 112 | 122 | 97.6 | 113 |
| EBITDA | 22.2 | 46.6 | 19.3 | 0.3 | 21.6 | 19.7 | 15.7 | 12.3 | 10.9 | 10.2 | 10 | 9.6 | 8.8 | 10.3 | 8.5 | −21.9 | 0.4 | 8.7 | 24.6 | 34.3 |
| EBITDA margin | 12.4% | 30.4% | 11.7% | 0.2% | 14.7% | 13.1% | 12.7% | 8.9% | 9.2% | 9.7% | 9.0% | 5.7% | 8.1% | 9.9% | 6.5% | -14.2% | 0.3% | 7.0% | 20.9% | 24.0% |
| Finance costs | 7.4 | 7.4 | 8.1 | 7 | 5.7 | 7.6 | 5.8 | 4.2 | 3.9 | 3.7 | 3.8 | 3.8 | 4.3 | 3.2 | 3.8 | 3.7 | 3.7 | 2.9 | 0.7 | 0.4 |
| Depreciation | 6.2 | 10.5 | 5.8 | 6.1 | 5.2 | 5.5 | 5.1 | 5.2 | 5 | 5.1 | 5.2 | 5.1 | 4.4 | 4.7 | 4.3 | 4.7 | 3.9 | 3.4 | 3.9 | 4.4 |
| Profit before tax | 8.7 | 9 | 5.5 | 4.2 | 14.7 | 6.6 | 4.8 | 3.1 | 2.1 | 1.7 | 1 | 0.7 | 0.5 | 2.4 | 1 | −30.2 | −6.9 | 2.7 | 20 | 30.4 |
| Tax | 1.4 | 3 | 1.1 | 1 | 2.5 | 1.5 | 1.2 | 0.9 | 0.4 | 0.6 | 0.1 | 0.1 | 0.2 | 1.8 | 0.5 | −8.8 | 0 | 1.4 | 4.9 | 8 |
| Net profit | 7.3 | 6 | 4.3 | 3.2 | 12.2 | 5.1 | 3.6 | 2.2 | 1.7 | 2.5 | 0.9 | 0.6 | 0.3 | 0.6 | 0.5 | −21.4 | −6.9 | 1.3 | 15.1 | 22.3 |
| Net margin | 4.1% | 3.9% | 2.6% | 2.0% | 8.3% | 3.4% | 2.9% | 1.6% | 1.4% | 2.3% | 0.8% | 0.4% | 0.3% | 0.6% | 0.4% | -13.9% | -6.6% | 1.1% | 12.9% | 15.6% |
| EPS (₹) | 8.49 | 6.56 | 5.07 | 3.73 | 14.28 | 5.92 | 4.25 | 2.48 | 1.95 | 2.87 | 1.05 | 0.83 | 0.36 | 0.82 | 0.57 | -24.99 | -8.05 | 1.47 | 17.66 | 26.05 |
| Net profit YoY | −40.6% | +16.5% | +19.2% | +49.2% | +631.6% | +109.6% | +304.5% | +241.1% | +446.4% | +326.7% | +82.8% | +102.9% | +104.4% | −56.4% | −96.7% | −195.9% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 623 | 530 | 494 | 493 | 491 |
| Other income | 4.7 | 0.3 | 0.8 | 0.3 | 1.4 |
| Total expenses | 591 | 514 | 490 | 527 | 419 |
| EBITDA | 87.8 | 58.6 | 38.7 | −2.8 | 91 |
| EBITDA margin | 14.1% | 11.1% | 7.8% | -0.6% | 18.5% |
| Finance costs | 28.2 | 21.5 | 15.6 | 13.8 | 4.2 |
| Depreciation | 27.6 | 20.8 | 19.8 | 17.5 | 15 |
| Profit before tax | 33.3 | 16.6 | 4 | −33.8 | 73.2 |
| Tax | 7.5 | 4 | 1.1 | −6.5 | 19.5 |
| Net profit | 25.8 | 12.6 | 4.3 | −27.2 | 53.7 |
| Net margin | 4.1% | 2.4% | 0.9% | -5.5% | 11.0% |
| EPS (₹) | 29.64 | 14.60 | 4.92 | -31.63 | 62.68 |
| Net profit YoY | +104.5% | +193.9% | +115.7% | −150.7% | – |
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 | −55.5 | −50.8 | 57.6 | 64 | −83.1 |
| Investing cash flow | −60.1 | −67 | −39.5 | −40.8 | −99.5 |
| Financing cash flow | 116 | 117 | −17.4 | −22.6 | 182 |
| Capital expenditure | 63.5 | 67.3 | 40 | 40.8 | 100 |
| Free cash flow (CFO − capex) | −119 | −118 | 17.6 | 23.2 | −183 |
Net profit trend
annual, ₹ croreFY22
₹53.7
FY23
₹−27.2−151%
FY24
₹4.3+116%
FY25
₹12.6+194%
FY26
₹25.8+104%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 28 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 28 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 29 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 8 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 8 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 30.2×18.9×
P/B5Y avg 1.23×1.23×
ROEFY26, on average equity8.4%
Net margin4.1%
Debt / equity1.12×
Revenue CAGR (3Y)8.1%
Profit CAGR (3Y)–
EPS (TTM)₹24.28
Market cap₹393 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.23×
vs 8-point avg 1.23× (−0%)
0.83× low1.23× avg1.78× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹740 Cr+19%
Net worth₹319 Cr+9%
Total borrowings₹356 Cr+33%
Cash & bank balances₹1 Cr+137%
Investments₹0 Cr+0%
Inventories₹300 Cr+41%
Trade receivables₹59 Cr−15%
Trade payables₹46 Cr−11%
Change vs the same date a year earlier.