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Quarterly results

standalone · 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	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY17
Revenue from operations	149	280	608	249	139	206	549	220	126	207	504	212	139	237	520	249	113	162	462	238	41.7	109	404	98.2	11.2	109	403	153	59.9	95.8	376	126	80.9	86.3
Other income	10.5	8	8.5	9.2	10.4	12.6	5.9	9.2	7.3	8.4	5.7	6	7.5	7.7	5.9	4	3.2	8.3	4.9	5.6	6.6	6.2	3.9	4.5	5.6	1	3.5	4.4	2.6	5.7	5.6	3.8	3.2	8
Total expenses	191	283	475	236	171	228	426	218	151	239	406	201	162	223	409	213	121	154	363	199	61.1	122	300	95.5	36.4	122	311	146	73	132	266	118	73.8	106
EBITDA	−12.9	25.9	166	41.5	−5.9	6	154	28.4	−2.4	−9.9	123	34.2	−4.2	32.5	130	50.8	4.4	22.3	114	52.7	−8.6	−1.3	116	15	−14.3	0.1	107	20.2	−2.4	−30.2	117	14.7	13.3	−13.3
EBITDA margin	-8.6%	9.2%	27.2%	16.7%	-4.2%	2.9%	28.0%	12.9%	-1.9%	-4.8%	24.4%	16.1%	-3.0%	13.7%	25.0%	20.4%	3.9%	13.7%	24.6%	22.1%	-20.7%	-1.2%	28.8%	15.2%	-128.2%	0.1%	26.4%	13.2%	-4.0%	-31.6%	31.3%	11.7%	16.5%	-15.4%
Finance costs	12.4	11.8	15.2	13.1	11.1	11.9	14.9	12	9.1	9.7	10.9	9.6	7.4	5.4	9.8	5.5	3.8	4.2	4.3	4.3	2.9	3.4	3.5	3.5	3	3.3	5.5	4.7	3.5	1.5	3.4	2.5	1.6	1.6
Depreciation	16.9	17.2	17.1	16.1	15.2	16.1	15.9	14.6	13.6	13.1	13.9	12.7	11.5	13.1	10.1	9.4	9.2	10	10.2	9.1	7.9	8.9	8.7	8.7	7.9	9	8.9	8.3	7.2	4.9	4.9	4.7	4.6	5.1
Profit before tax	−31.8	4.9	142	21.7	−21.7	−9.4	129	10.9	−17.7	−24.3	104	17.9	−15.5	21.7	116	39.9	−5.3	16.4	104	44.9	−12.8	−7.4	108	7.2	−19.6	−11.2	95.5	11.7	−10.5	−31	115	11.3	10.3	−12
Tax	−8.3	−0.2	35.1	5.5	−5.4	0.9	33.3	2.9	−4.5	−5.3	25.4	4.5	−3.9	1.7	29.9	9.6	−1.4	3.6	26.7	11	−2.7	−3.5	28.5	2.8	−6.1	−0.9	23.2	4.9	−4.3	−12.1	39.3	4.3	4.1	−3.2
Net profit	−23.5	5	107	16.2	−16.3	−10.3	95.3	8	−13.3	−19	78.2	13.4	−11.6	20	86.3	30.3	−3.9	12.9	77.5	33.9	−10.2	−4	79.4	4.4	−13.5	−10.2	72.3	6.8	−6.1	−18.8	75.5	6.9	6.2	−8.8
Net margin	-15.8%	1.8%	17.6%	6.5%	-11.8%	-5.0%	17.4%	3.6%	-10.5%	-9.2%	15.5%	6.3%	-8.4%	8.5%	16.6%	12.2%	-3.5%	7.9%	16.8%	14.2%	-24.4%	-3.6%	19.7%	4.5%	-121.0%	-9.3%	17.9%	4.4%	-10.2%	-19.7%	20.1%	5.5%	7.7%	-10.2%
EPS (₹)	-11.33	2.43	51.54	7.80	-7.87	-4.96	45.98	3.86	-6.40	-9.15	37.72	6.45	-5.59	9.66	41.63	14.63	-1.89	6.20	37.36	16.36	-4.91	-1.91	38.28	2.13	-6.53	-4.93	34.85	3.27	-2.96	-8.73	34.72	3.18	2.87	-4.07
Net profit YoY	−43.9%	+149.0%	+12.1%	+101.9%	−23.0%	+45.8%	+21.9%	−40.1%	−14.5%	−194.7%	−9.4%	−55.9%	−195.8%	+55.8%	+11.4%	−10.6%	+61.5%	+424.8%	−2.4%	+666.3%	+24.8%	+61.3%	+9.8%	−34.8%	−120.4%	+45.8%	−4.2%	−1.9%	−198.3%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY17
Revenue from operations	1,276	1,100	1,062	1,118	904	622	726	656	92.9
Other income	36.1	34.9	27.5	20.8	25.5	20.2	11.5	18.2	5.7
Total expenses	1,165	1,023	1,008	966	777	554	652	586	111
EBITDA	227	186	143	218	180	116	124	98.3	−10
EBITDA margin	17.8%	16.9%	13.5%	19.5%	19.9%	18.6%	17.1%	15.0%	-10.8%
Finance costs	51.1	47.9	37.5	24.5	15.7	13.5	17	8.9	1.9
Depreciation	65.6	60.2	51.2	41.8	37.3	34.2	33.4	19.1	6.3
Profit before tax	147	112	81.7	172	153	88	85.5	88.5	−12.8
Tax	35	32.6	20.7	39.7	38.5	21.7	22.8	28.9	−5.3
Net profit	112	79.8	61	133	114	66.3	62.7	59.6	−7.5
Net margin	8.8%	7.3%	5.7%	11.9%	12.6%	10.7%	8.6%	9.1%	-8.0%
EPS (₹)	53.89	38.49	29.43	64.03	55.00	31.98	30.24	27.46	-3.43
Net profit YoY	+40.0%	+30.8%	−54.0%	+16.4%	+72.0%	+5.8%	+5.2%	–	–

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	99.5	70.4	82.5	−5.1	82.8
Investing cash flow	−13.8	−31.9	2.6	−47.5	−48.4
Financing cash flow	−85.7	−38.1	−85.2	52.9	−22.4
Capital expenditure	38	38.1	28.7	46	25.1
Free cash flow (CFO − capex)	61.5	32.3	53.9	−51.2	57.7

Net profit trend

annual, ₹ crore

FY21

₹66.3

FY22

₹114+72%

FY23

₹133+16%

FY24

₹61−54%

FY25

₹79.8+31%

FY26

₹112+40%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	5 Aug 2026	PDF XBRL
Q1 FY27	Standalone	5 Aug 2026	PDF XBRL
Q4 FY26	Consolidated · audited	18 May 2026	PDF XBRL
Q4 FY26	Standalone · audited	18 May 2026	PDF XBRL
Q3 FY26	Consolidated	28 Jan 2026	PDF XBRL
Q3 FY26	Standalone	–	PDF on NSE XBRL
Q3 FY26	Standalone	28 Jan 2026	PDF XBRL
Q2 FY26	Consolidated	–	PDF XBRL
Q2 FY26	Consolidated	12 Nov 2025	PDF XBRL
Q2 FY26	Standalone	–	PDF XBRL

Annual reports

NSE archive

FY265.12 MB FY257.86 MB FY24 FY22 FY21 FY20 FY19 FY18 FY17 FY16

Key ratios

P/E (TTM)10.4×

P/B1.20×

ROEFY26, on average equity12.8%

Net margin8.8%

Debt / equity0.37×

Revenue CAGR (3Y)4.5%

Profit CAGR (3Y)-5.6%

EPS (TTM)₹50.44

Market cap₹1,086 Cr

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

Balance sheet 31 Mar 2026

Total assets₹1,917 Cr+11%

Net worth₹906 Cr+9%

Total borrowings₹334 Cr+14%

Cash & bank balances₹1 Cr+9%

Investments₹113 Cr−57%

Inventories₹571 Cr+13%

Trade receivables₹499 Cr+20%

Trade payables₹146 Cr+20%

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	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	73.17	73.17	73.17	73.17	73.17	73.17	73.17	73.17	73.17	73.17	73.17	73.17
FII	1.21	1.29	1.18	1.12	1.27	1.06	1.11	1.03	0.99	0.98	1.10	1.07
DII	1.57	1.58	1.48	1.44	1.33	1.88	2.08	2.24	1.65	1.98	1.97	1.61
of which MF	0.00	0.02	–	–	–	–	–	–	–	–	–	–
Retail	19.55	19.26	19.85	19.96	19.63	19.11	19.14	19.19	19.67	19.81	19.69	20.31
Other public	4.50	4.70	4.32	4.31	4.60	4.78	4.50	4.37	4.52	4.06	4.07	3.84

29,118 shareholders · NSE shareholding pattern filings.