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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q2 FY24

₹ 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
Revenue from operations	51.9	49.4	49.8	48.8	51.5	39.8	40	40.2	40.5	30	24.2	20.5
Other income	28.2	21.2	21.7	25.9	28.7	37.5	31.9	12.6	7.2	8.6	6.3	7.3
Total expenses	68.7	76.8	70.5	63	63.3	56	51.5	54	50.6	44.9	38.7	36.8
EBITDA	8.1	−3.2	2.9	10.1	13.9	9.1	11.6	8.5	15.2	7.8	6.3	0.6
EBITDA margin	15.6%	-6.5%	5.9%	20.7%	27.0%	22.8%	28.9%	21.3%	37.6%	26.0%	25.9%	2.7%
Finance costs	16.7	16.2	15.6	16.3	17.3	16.5	14.8	13.9	16.6	14.2	13.9	10.5
Depreciation	8.2	7.9	8	8	8.4	8.8	8.2	8.4	8.8	8.5	6.9	6.4
Profit before tax	11.4	−6.2	1	11.6	16.8	21.3	20.4	−1.2	−2.9	−6.3	−8.2	−9
Tax	3	−2.1	0.9	3.8	4.9	7.3	4.6	0.2	−0.9	−1.6	−0.7	−4.5
Net profit	8.4	−4.1	0	7.8	11.9	14	15.8	−1.4	−2	−4.7	−7.5	−4.5
Net margin	16.1%	-8.3%	0.1%	16.0%	23.2%	35.2%	39.5%	-3.4%	-4.9%	-15.8%	-31.1%	-22.0%
EPS (₹)	0.51	-0.26	0.00	0.49	0.74	0.90	1.04	-0.09	-0.14	-0.32	-0.51	-0.31
Net profit YoY	−30.0%	−129.2%	−99.8%	+665.5%	+698.0%	+395.8%	+310.6%	+69.4%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24
Revenue from operations	199	160	92.9
Other income	97.3	89.2	27.3
Total expenses	274	212	144
EBITDA	23.7	44.4	17.8
EBITDA margin	11.9%	27.7%	19.1%
Finance costs	65.4	61.9	43
Depreciation	32.4	34.1	25.4
Profit before tax	23.3	37.6	−67.7
Tax	7.6	11.2	−12.6
Net profit	15.7	26.4	−55.1
Net margin	7.9%	16.5%	-59.3%
EPS (₹)	0.97	1.70	-3.75
Net profit YoY	−40.6%	+147.9%	–

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
Operating cash flow	−616	225	271
Investing cash flow	−291	−1,993	−292
Financing cash flow	879	1,766	234
Capital expenditure	80.9	677	321
Free cash flow (CFO − capex)	−697	−452	−49.8

Net profit trend

annual, ₹ crore

FY24

₹−55.1

FY25

₹26.4+148%

FY26

₹15.7−41%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	14 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	14 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	6 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	6 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	3 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	3 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	–	PDF on NSE XBRL
Q1 FY26	Consolidated	8 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY269.50 MB FY2521.21 MB FY24 FY23

Key ratios

P/E (TTM)5Y avg 281.1×802.4×

P/B5Y avg 3.32×4.02×

ROEFY26, on average equity0.7%

Net margin7.9%

Debt / equity0.98×

Revenue CAGR (3Y)–

Profit CAGR (3Y)–

EPS (TTM)₹0.74

Market cap₹9,719 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

4.02×

vs 5-point avg 3.32× (+21%)

2.09× low3.32× avg4.58× high

History points are balance-sheet dates (2024 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹12,437 Cr+72%

Net worth₹2,420 Cr+6%

Total borrowings₹2,379 Cr+47%

Cash & bank balances₹205 Cr−11%

Investments₹385 Cr−34%

Inventories₹6,888 Cr+201%

Trade receivables₹12 Cr−15%

Trade payables₹1,018 Cr+125%

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	Sept 24	Jun 24	Mar 24	Dec 23
Promoter	45.26	45.27	44.91	45.24	45.24	45.25	45.25	45.26	45.31	49.42	49.51	49.51
FII	25.85	25.88	25.66	26.60	27.12	27.43	27.78	27.55	27.84	27.54	27.61	29.53
DII	8.20	7.65	7.78	6.79	6.27	6.30	5.79	5.78	5.88	0.04	0.26	0.08
of which MF	8.05	7.51	7.64	6.69	5.90	–	–	–	–	–	–	–
Retail	14.44	14.78	14.95	14.31	14.36	14.09	14.15	14.15	13.87	15.52	15.21	15.65
Other public	6.25	6.42	6.70	7.06	7.01	6.93	7.03	7.26	7.10	7.48	7.41	5.23

29,722 shareholders · NSE shareholding pattern filings.