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 | 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 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 0.4 | 0.2 | 0.2 |
| Other income | 0.1 | 0 | 0.2 | 0 | 0 | 0.1 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.1 | 0.1 | 0.1 | 1.9 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 |
| Total expenses | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.4 | 1.4 | 1.3 | 1.3 | 1.4 | 1.1 | 1.1 | 1.1 | 1 | 0.9 | 0.7 | 0.7 | 0.6 | 0.6 | 0.7 | 0.8 | 0.7 | 0.7 | 0.6 | 1.1 | 0.4 | 0.8 | 1.1 | 1.2 | 1.1 | 1.1 | 0.8 |
| EBITDA | −0.1 | −0.1 | −0.1 | −0 | −0.1 | −0.3 | −0.3 | −0.2 | −0.3 | −0.3 | −0.2 | −0.2 | −0.3 | −0.2 | −0.3 | −0.3 | −0.3 | −0.2 | −0.2 | −0.3 | −0.5 | −0.3 | −0.3 | −0.2 | −0.4 | −0.3 | −0.2 | −0.7 | −0.3 | −0.3 | −0.5 | −0.3 |
| EBITDA margin | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | -39.7% | -66.9% | -219.0% | -180.3% |
| Finance costs | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1 | 1 | 1 | 0.9 | 0.9 | 0.8 | 0.6 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.3 | 0.4 | 0.6 | 0.2 | 0.5 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 | 0 |
| Profit before tax | −1.1 | −1.9 | −1 | −1.2 | −1.2 | 7.5 | −1 | −1.3 | −1.3 | −1.4 | −1.1 | −8.9 | −1.1 | −15 | −0.9 | −0.7 | −0.7 | −0.6 | −0.6 | −0.7 | −0.8 | −0.7 | −0.5 | −0.5 | −9 | −0.3 | 1.1 | −0.9 | −0.4 | −0.5 | −0.7 | −0.3 |
| Tax | −0.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | −0.9 | −1.9 | −1 | −1.2 | −1.2 | 7.5 | −1 | −1.3 | −1.3 | −1.4 | −1.1 | −8.9 | −1.1 | −15.1 | −0.9 | −0.7 | −0.7 | −0.6 | −0.6 | −0.7 | −0.8 | −0.7 | −0.5 | −0.5 | −9 | −0.3 | 1.1 | −0.9 | −0.4 | −0.5 | −0.7 | −0.4 |
| Net margin | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | -62.9% | -120.9% | -277.4% | -187.2% |
| EPS (₹) | -0.13 | -0.29 | -0.15 | -0.18 | -0.17 | 1.13 | -0.15 | -0.19 | -0.20 | -0.20 | -0.17 | -1.32 | -0.17 | -2.25 | -0.13 | -0.10 | -0.11 | -0.08 | -0.09 | -0.10 | -0.12 | -0.11 | -0.07 | -0.08 | -1.34 | -0.05 | 0.17 | -0.14 | -0.06 | -0.07 | -0.10 | -0.05 |
| Net profit YoY | +24.8% | −125.6% | −6.2% | +12.2% | +10.7% | +657.8% | +14.9% | +85.2% | −18.0% | +91.0% | −26.7% | −1182.6% | – | −2054.3% | −60.7% | −15.0% | +15.7% | +21.1% | −25.4% | −24.5% | +90.8% | −107.1% | −142.4% | +43.2% | −2163.5% | +28.1% | +273.0% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4 | 0.2 |
| Other income | 0.2 | 0.6 | 0 | 0 | 0.1 | 0.3 | 2.3 | 0.8 | 0.3 |
| Total expenses | 4.8 | 5.4 | 4.7 | 3.3 | 2.6 | 2.7 | 3.4 | 4.2 | 1 |
| EBITDA | −0.2 | −1.1 | −1 | −1 | −1.1 | −1.4 | −1.7 | −1.3 | −0.5 |
| EBITDA margin | – | – | – | – | – | – | – | -92.2% | -204.1% |
| Finance costs | 4.5 | 4.4 | 3.7 | 2.3 | 1.5 | 1.4 | 1.7 | 1.4 | 0.3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | −5.3 | 3.9 | −12.5 | −17.2 | −2.5 | −2.5 | −9.1 | −1.9 | −0.4 |
| Tax | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Net profit | −5.3 | 3.9 | −12.5 | −17.3 | −2.5 | −2.5 | −9.1 | −1.9 | −0.4 |
| Net margin | – | – | – | – | – | – | – | -133.4% | -188.0% |
| EPS (₹) | -0.79 | 0.59 | -1.86 | -2.59 | -0.38 | -0.37 | -1.37 | -0.29 | -0.05 |
| Net profit YoY | −234.0% | +131.6% | +28.1% | −586.9% | −1.2% | +72.7% | −373.2% | – | – |
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 | −0.1 | −0.4 | −1.1 | −1.1 | −1 |
| Investing cash flow | −0.3 | 0.3 | 0 | 0 | 0 |
| Financing cash flow | 0.3 | 0.2 | 1.1 | 1 | 1 |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Free cash flow (CFO − capex) | −0.1 | −0.4 | −1.1 | −1.1 | −1 |
Net profit trend
annual, ₹ croreFY21
₹−2.5
FY22
₹−2.5−1%
FY23
₹−17.3−587%
FY24
₹−12.5+28%
FY25
₹3.9+132%
FY26
₹−5.3−234%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 22 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 23 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 3 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 1 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Consolidated · audited | 15 May 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 15 May 2025 | PDF on NSE XBRL |
| Q3 FY25 | Consolidated | 17 Jan 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 17 Jan 2025 | PDF on NSE XBRL |
| Q2 FY25 | Consolidated | 25 Oct 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 10.3×-5.0×
P/B5Y avg 188.96×-0.71×
ROEFY26, on average equity17.5%
Net margin–
Debt / equity-1.10×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹-0.75
Market cap₹25 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
-0.71×
vs 8-point avg 188.96× (−100%)
-0.71× low188.96× avg188.96× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹4 Cr−62%
Net worth₹-35 Cr−41%
Total borrowings₹39 Cr+13%
Cash & bank balances₹0 Cr−89%
Investments₹3 Cr−61%
Inventories₹0 Cr
Trade receivables₹0 Cr
Trade payables₹0 Cr−62%
Change vs the same date a year earlier.