Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 270 | 287 | 144 | 145 | 134 | 130 | 121 | 122 | 116 | 114 | 108 | 97.2 | 86.1 | 87.4 | 77.5 | 80.1 | 89.7 | 99.9 | 74.1 | 95.6 | 69.4 | 105 |
| Other income | 2.6 | 1.8 | 0.9 | 0.2 | 3.3 | 1.6 | 0.1 | 1.7 | 0.2 | 0.4 | 0.1 | 0.1 | 0.1 | 0.2 | 0.8 | 0.2 | 0.4 | 1.1 | 0.1 | 0.3 | 0.8 | 0.2 |
| Total expenses | 227 | 221 | 129 | 131 | 130 | 119 | 113 | 116 | 111 | 107 | 102 | 91.9 | 81.2 | 78.5 | 72.2 | 80.1 | 87.4 | 93.4 | 71 | 88.7 | 65.1 | 96.6 |
| EBITDA | 50.1 | 71.4 | 18.9 | 18.5 | 8.6 | 15.4 | 11.2 | 10.2 | 8.1 | 9.4 | 8.5 | 7.3 | 6.7 | 11.1 | 7.4 | 1.8 | 4.2 | 8.9 | 5.1 | 9 | 6.6 | 11.2 |
| EBITDA margin | 18.5% | 24.8% | 13.2% | 12.7% | 6.4% | 11.8% | 9.2% | 8.3% | 7.0% | 8.3% | 7.9% | 7.5% | 7.7% | 12.7% | 9.5% | 2.2% | 4.7% | 8.9% | 6.9% | 9.5% | 9.5% | 10.6% |
| Finance costs | 4.3 | 2.9 | 2.1 | 1.6 | 2.1 | 1.7 | 1.3 | 1.6 | 1.2 | 0.9 | 1 | 0.6 | 0.3 | 0.6 | 0.6 | 0.2 | 0.4 | 0.5 | 0.4 | 0.5 | 0.8 | 0.8 |
| Depreciation | 2.3 | 2.5 | 2.4 | 2.4 | 2.3 | 2.4 | 2.1 | 1.8 | 1.7 | 1.7 | 1.6 | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.9 | 1.6 | 1.6 | 1.5 | 1.6 |
| Profit before tax | 45.8 | 47.8 | 27.1 | 15.7 | 6.4 | 13 | 7.9 | 11 | 1.7 | 8.6 | 5.6 | 7.6 | 7.4 | 10.4 | −2.6 | 0.7 | 6.9 | 6.4 | 3.7 | 7.4 | 2.3 | 12.6 |
| Tax | 12 | 11.8 | 7 | 4 | 1.6 | 3.5 | 2 | 2.8 | 0.5 | 2.4 | 1.5 | 2 | 1.9 | 2.7 | −0.6 | 0.3 | 1.8 | 1.6 | 0.9 | 2 | 0.6 | 3 |
| Net profit | 33.8 | 36 | 20.1 | 11.7 | 4.8 | 9.5 | 5.8 | 8.2 | 1.1 | 6.2 | 4.1 | 5.6 | 5.5 | 7.7 | −2 | 0.5 | 5.1 | 4.7 | 2.8 | 5.5 | 1.7 | 9.7 |
| Net margin | 12.5% | 12.5% | 14.0% | 8.0% | 3.6% | 7.3% | 4.8% | 6.7% | 1.0% | 5.4% | 3.8% | 5.8% | 6.4% | 8.8% | -2.6% | 0.6% | 5.7% | 4.7% | 3.7% | 5.7% | 2.4% | 9.2% |
| EPS (₹) | 10.43 | 11.09 | 6.18 | 3.59 | 1.48 | 2.94 | 1.79 | 2.53 | 0.35 | 1.90 | 1.26 | 1.73 | 1.70 | 2.36 | -0.63 | 0.14 | 1.57 | 1.46 | 0.85 | 1.69 | 0.51 | 2.98 |
| Net profit YoY | +603.7% | +277.7% | +245.2% | +42.4% | +318.7% | +54.8% | +42.6% | +45.9% | −79.2% | −19.7% | +299.0% | +1113.8% | +8.3% | +62.3% | −173.9% | −91.6% | +207.1% | −51.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 710 | 490 | 405 | 335 | 340 | 292 |
| Other income | 5.7 | 3.3 | 0.7 | 1.5 | 1.7 | 1.5 |
| Total expenses | 611 | 459 | 382 | 318 | 318 | 260 |
| EBITDA | 118 | 45.2 | 32 | 24.4 | 30.3 | 40 |
| EBITDA margin | 16.6% | 9.2% | 7.9% | 7.3% | 8.9% | 13.7% |
| Finance costs | 8.7 | 5.8 | 2.8 | 1.7 | 2 | 2 |
| Depreciation | 9.7 | 8 | 6.3 | 6.3 | 6.6 | 6.1 |
| Profit before tax | 97 | 33.5 | 29.1 | 15.3 | 19.8 | 29.8 |
| Tax | 24.4 | 8.9 | 7.8 | 4.2 | 5.2 | 7.4 |
| Net profit | 72.5 | 24.7 | 21.4 | 11.2 | 14.6 | 22.4 |
| Net margin | 10.2% | 5.0% | 5.3% | 3.3% | 4.3% | 7.7% |
| EPS (₹) | 22.35 | 7.61 | 6.58 | 3.44 | 4.51 | 6.91 |
| Net profit YoY | +193.9% | +15.5% | +91.1% | −23.6% | −34.8% | – |
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 | −64.2 | −16.1 | −3.9 | 22.5 | 14.2 |
| Investing cash flow | −15.4 | −8.6 | −15.4 | −12.6 | −10.7 |
| Financing cash flow | 79.6 | 24.3 | 19.4 | −13.8 | 0.7 |
| Capital expenditure | 15.1 | 15.5 | 15.8 | 12.5 | 12.6 |
| Free cash flow (CFO − capex) | −79.3 | −31.6 | −19.7 | 10 | 1.6 |
Net profit trend
annual, ₹ croreFY21
₹22.4
FY22
₹14.6−35%
FY23
₹11.2−24%
FY24
₹21.4+91%
FY25
₹24.7+16%
FY26
₹72.5+194%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 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 | 2 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 2 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 14 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 14 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 13.6×14.2×
P/B5Y avg 1.72×5.25×
ROEFY26, on average equity29.5%
Net margin10.2%
Debt / equity0.64×
Revenue CAGR (3Y)28.5%
Profit CAGR (3Y)86.5%
EPS (TTM)₹31.30
Market cap₹1,441 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.25×
vs 8-point avg 1.72× (+206%)
0.93× low1.72× avg5.25× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹503 Cr+57%
Net worth₹275 Cr+27%
Total borrowings₹174 Cr+140%
Cash & bank balances₹0 Cr+5%
Investments₹0 Cr
Inventories₹220 Cr+72%
Trade receivables₹160 Cr+86%
Trade payables₹16 Cr+62%
Change vs the same date a year earlier.