Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 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 | Q3 FY21 | Q2 FY21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 221 | 229 | 208 | 200 | 185 | 192 | 175 | 174 | 171 | 176 | 140 | 158 | 128 | 130 | 106 | 93.8 | 63 | 79.6 | 55.4 | 53.4 | 44.1 | 52.2 | 30.6 | 28.5 |
| Other income | 1.1 | 0.8 | 0.7 | 0.8 | 0.6 | 1.2 | 1 | 1.3 | 0.8 | 0.9 | 0.8 | 0.6 | 1.3 | 2.8 | 1.3 | 1.1 | 1.1 | 1.5 | 2.9 | 1.8 | 1.5 | 2.3 | 2.7 | 1.3 |
| Total expenses | 203 | 209 | 192 | 184 | 171 | 176 | 161 | 162 | 159 | 164 | 132 | 147 | 120 | 123 | 101 | 86.5 | 60.6 | 76.3 | 55.3 | 51.9 | 43.2 | 50.8 | 29.5 | 26.9 |
| EBITDA | 25.3 | 26.5 | 22.7 | 21.8 | 19.9 | 20.7 | 18.6 | 17.3 | 16.7 | 16.4 | 12.9 | 15.4 | 11.5 | 10.8 | 7.5 | 8.9 | 4.5 | 5.7 | 2.2 | 3.4 | 2.7 | 3.2 | 2.2 | 2.8 |
| EBITDA margin | 11.4% | 11.6% | 10.9% | 10.9% | 10.7% | 10.8% | 10.6% | 10.0% | 9.7% | 9.3% | 9.2% | 9.7% | 9.0% | 8.3% | 7.1% | 9.5% | 7.2% | 7.2% | 4.0% | 6.3% | 6.1% | 6.0% | 7.3% | 9.7% |
| Finance costs | 0.7 | 1 | 0.8 | 0.8 | 0.7 | 0.8 | 0.8 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.6 | 0.5 | 0.4 | 0.3 | 0.4 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | 0 |
| Depreciation | 6.4 | 5.8 | 5.6 | 5 | 4.8 | 4.2 | 4 | 4 | 3.9 | 3.8 | 3.9 | 3.6 | 3.5 | 3 | 2.6 | 1.2 | 1.8 | 2.1 | 1.9 | 1.8 | 1.6 | 1.6 | 1.2 | 1.2 |
| Profit before tax | 19.3 | 20.5 | 16.4 | 16.8 | 15 | 16.9 | 14.8 | 13.9 | 12.8 | 12.8 | 9.1 | 11.6 | 8.6 | 10.1 | 5.6 | 8.4 | 3.5 | 4.7 | 3.1 | 3.3 | 2.4 | 3.7 | 3.7 | 2.9 |
| Tax | 4.7 | 5.2 | 3.9 | 4.8 | 3.8 | 4 | 3.5 | 4 | 3.2 | 3.2 | 2.3 | 2.9 | 2.3 | 2.6 | 1.3 | 2.2 | 0.9 | 1.2 | 0.9 | 0.8 | 0.5 | 1.3 | 1.8 | 0.4 |
| Net profit | 16.4 | 18.5 | 15.2 | 14.8 | 13.6 | 16.4 | 13.4 | 11.9 | 11.5 | 11.6 | 8.5 | 10.3 | 8.2 | 10 | 5.7 | 8.4 | 4.1 | 6.1 | 3.2 | 3.3 | 2.4 | 4.3 | 5.1 | 3.9 |
| Net margin | 7.4% | 8.1% | 7.3% | 7.4% | 7.3% | 8.5% | 7.6% | 6.9% | 6.7% | 6.6% | 6.1% | 6.5% | 6.5% | 7.6% | 5.4% | 9.0% | 6.4% | 7.6% | 5.8% | 6.1% | 5.3% | 8.3% | 16.6% | 13.6% |
| EPS (₹) | 6.90 | 7.76 | 6.39 | 6.24 | 5.72 | 6.89 | 5.63 | 5.02 | 9.70 | 9.76 | 7.18 | 8.67 | 13.86 | 16.76 | 9.56 | 14.15 | 6.81 | 10.20 | 5.38 | 5.48 | 3.97 | 7.26 | 8.54 | 6.50 |
| Net profit YoY | +20.6% | +12.6% | +13.5% | +24.3% | +17.9% | +41.2% | +56.7% | +15.8% | +39.9% | +16.5% | +50.4% | +22.6% | +103.5% | +64.2% | +77.4% | +158.1% | +71.7% | +40.5% | −36.9% | −15.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 823 | 713 | 602 | 393 | 233 | 114 |
| Other income | 2.9 | 4.3 | 3.6 | 6.3 | 7.7 | 7.7 |
| Total expenses | 756 | 659 | 563 | 372 | 227 | 113 |
| EBITDA | 90.7 | 73.3 | 56.2 | 31.7 | 13.9 | 6.4 |
| EBITDA margin | 11.0% | 10.3% | 9.3% | 8.1% | 6.0% | 5.6% |
| Finance costs | 3.3 | 3.2 | 2.9 | 1.8 | 0.7 | 0.1 |
| Depreciation | 21.1 | 16.1 | 14.8 | 8.7 | 7.3 | 5 |
| Profit before tax | 68.5 | 58.3 | 42.2 | 27.6 | 13.6 | 9 |
| Tax | 17.7 | 14.7 | 10.7 | 7.1 | 3.4 | 2.6 |
| Net profit | 61.9 | 53.3 | 38.7 | 28.1 | 14.9 | 8.5 |
| Net margin | 7.5% | 7.5% | 6.4% | 7.2% | 6.4% | 7.5% |
| EPS (₹) | 26.04 | 22.39 | 32.55 | 47.27 | 25.04 | 14.35 |
| Net profit YoY | +16.3% | +37.6% | +37.7% | +88.8% | +74.5% | – |
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 | 37.1 | 83.8 | 27.4 | 48.2 | 0.5 |
| Investing cash flow | −59.2 | −42.5 | −6.2 | −34.6 | −3.7 |
| Financing cash flow | −13.6 | −12.4 | −8.3 | −5.5 | 0.2 |
| Capital expenditure | 73.4 | 48 | 34.3 | 46.1 | 29.2 |
| Free cash flow (CFO − capex) | −36.3 | 35.8 | −6.8 | 2 | −28.7 |
Net profit trend
annual, ₹ croreFY21
₹8.5
FY22
₹14.9+74%
FY23
₹28.1+89%
FY24
₹38.7+38%
FY25
₹53.3+38%
FY26
₹61.9+16%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 10 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 11 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 11 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 4 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 4 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 6 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 6 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 11 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 11 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 23.2×27.4×
P/B5Y avg 4.31×4.96×
ROEFY26, on average equity18.8%
Net margin7.5%
Debt / equity0.00×
Revenue CAGR (3Y)27.9%
Profit CAGR (3Y)30.1%
EPS (TTM)₹27.28
Market cap₹1,776 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.96×
vs 8-point avg 4.31× (+15%)
1.32× low4.31× avg7.91× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹563 Cr+16%
Net worth₹358 Cr+18%
Total borrowings₹0 Cr
Cash & bank balances₹15 Cr−70%
Investments₹83 Cr+30%
Inventories₹48 Cr+8%
Trade receivables₹101 Cr+8%
Trade payables₹125 Cr−5%
Change vs the same date a year earlier.