Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY22
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q2 FY23 | Q4 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 43.7 | 50.8 | 90.2 | 37.9 | 44.8 | 11.7 | 27.5 | 10.3 | 8.3 | 11 | 2.1 | 14.3 |
| Other income | 0.2 | 0.3 | 0.1 | 0.5 | 0.3 | 0.5 | 0.2 | 0.2 | 0.2 | 0.7 | 1.3 | 0.9 |
| Total expenses | 41.8 | 40.2 | 88.5 | 36.3 | 38.3 | 10.1 | 25.6 | 8.2 | 7.3 | 9.3 | 3.4 | 16.2 |
| EBITDA | 4.3 | 13.4 | 4 | 3.8 | 8.4 | 3.4 | 3.6 | 3 | 2.1 | 2.4 | −0.5 | −0.3 |
| EBITDA margin | 9.8% | 26.3% | 4.4% | 10.1% | 18.7% | 29.3% | 13.3% | 29.1% | 25.4% | 21.9% | -25.0% | -1.8% |
| Finance costs | 1.4 | 1.8 | 1.3 | 1.3 | 1.4 | 1.4 | 1.4 | 0.5 | 0.5 | 0.2 | 0.2 | 0.6 |
| Depreciation | 1 | 0.9 | 0.9 | 0.9 | 0.4 | 0.4 | 0.4 | 0.4 | 0.6 | 0.5 | 0.5 | 1 |
| Profit before tax | 2.1 | 11 | 1.9 | 2.2 | 6.8 | 2.2 | 2.1 | 8.9 | 1.2 | 2.4 | −0 | −0.9 |
| Tax | 0 | 29.3 | 0 | 0 | 3.2 | 0 | 0 | 0.1 | −0 | 0 | 0 | 0.1 |
| Net profit | 2.1 | −18.3 | 1.9 | 2.2 | 3.6 | 2.2 | 2.1 | 8.8 | 1.2 | 2.4 | −0 | −1 |
| Net margin | 4.9% | -36.1% | 2.1% | 5.7% | 8.0% | 18.4% | 7.7% | 85.4% | 15.0% | 22.1% | -0.5% | -6.8% |
| EPS (₹) | 0.09 | -0.76 | 0.08 | 0.09 | 0.14 | 0.09 | 0.09 | 0.39 | 0.06 | 0.11 | 0.00 | -0.04 |
| Net profit YoY | – | −613.2% | −13.3% | +2.0% | – | – | −75.8% | +88100.0% | – | +348.0% | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY23 | FY22 |
|---|---|---|---|---|
| Revenue from operations | 191 | 94.8 | 22.9 | 45 |
| Other income | 1.2 | 1.2 | 1.9 | 1.3 |
| Total expenses | 175 | 82.9 | 24.6 | 43.2 |
| EBITDA | 25.2 | 18 | 1.5 | 6.4 |
| EBITDA margin | 13.2% | 19.0% | 6.5% | 14.2% |
| Finance costs | 6 | 4.6 | 0.8 | 1.7 |
| Depreciation | 3.7 | 1.6 | 2.4 | 2.9 |
| Profit before tax | 16.7 | 13.1 | 0.3 | 3 |
| Tax | 29.3 | 3.2 | 0 | 0.1 |
| Net profit | −12.6 | 9.8 | 0.3 | 3 |
| Net margin | -6.6% | 10.4% | 1.1% | 6.6% |
| EPS (₹) | -0.53 | 0.40 | 0.01 | 0.13 |
| Net profit YoY | −228.5% | – | −91.6% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY23 | FY22 |
|---|---|---|---|---|
| Operating cash flow | 1.3 | −92.3 | −4.6 | −57.6 |
| Investing cash flow | −1.2 | −23.5 | −5 | −8.6 |
| Financing cash flow | −6.5 | 122 | 9.8 | 66.2 |
| Capital expenditure | 2.6 | 22.6 | 2.5 | 0 |
| Free cash flow (CFO − capex) | −1.3 | −115 | −7.1 | −57.6 |
Net profit trend
annual, ₹ croreFY22
₹3
FY23
₹0.3−92%
FY25
₹9.8+3833%
FY26
₹−12.6−229%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 31 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 25 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 25 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 31 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 31 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 15 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 15 Oct 2025 | PDF on NSE XBRL |
| Q4 FY25 | Consolidated · audited | 22 May 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 22 May 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 636.2×-71.5×
P/B5Y avg 6.29×4.02×
ROEFY26, on average equity-5.8%
Net margin-6.6%
Debt / equity0.20×
Revenue CAGR (3Y)61.8%
Profit CAGR (3Y)–
EPS (TTM)₹-0.50
Market cap₹870 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 7-point avg 6.29× (−36%)
3.34× low6.29× avg10.89× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹354 Cr+13%
Net worth₹216 Cr−3%
Total borrowings₹44 Cr+1%
Cash & bank balances₹0 Cr−96%
Investments₹0 Cr
Inventories₹29 Cr+80%
Trade receivables₹196 Cr+133%
Trade payables₹66 Cr+67%
Change vs the same date a year earlier.
Revenue mix FY26
Electrical & Electronics, Spare parts trading54.0%result ₹0.5 Cr
LED Products45.8%result ₹21.8 Cr
Medical and other appliances0.2%result ₹−0.2 Cr
Segment revenue as reported, before inter-segment eliminations.