Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q3 FY20 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 34.4 | 27.4 | 11.9 | 24.7 | 37.1 | 12.3 | 13.5 | 59.7 | 39.6 | 10.9 | 25.7 | 26.6 | 25.2 | 8.7 | 97 | 7.6 | 12 | 6.3 | 59 | 15.8 | 6.9 | 7.6 | 35.9 | 14.8 | 13.7 | 0 |
| Other income | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0.9 | 0.5 | 0 | 0 | 3.1 | 1.1 | 0 | 0 | 0 | 2.4 | 0 | 0.1 | 0 |
| Total expenses | 0.6 | 17.6 | 0.4 | 3.6 | 4.3 | 43.1 | 2.2 | 15.3 | 0.9 | 6.2 | 5.3 | 1.1 | 1.5 | 1.6 | 0.7 | −4.8 | 4.4 | 0.7 | 11.4 | 0.5 | 0.7 | 5.1 | 12.5 | 3.2 | 10.6 | 0 |
| EBITDA | 33.8 | 9.9 | 11.5 | 21.4 | 32.8 | −30.8 | 11.4 | 44.5 | 38.7 | 4.7 | 20.4 | 25.6 | 23.8 | 7.5 | 96.4 | 12.6 | 7.5 | 5.6 | 47.7 | 15.3 | 6.2 | 2.6 | 23.3 | 11.6 | 3.1 | 0 |
| EBITDA margin | 98.3% | 36.2% | 96.7% | 86.5% | 88.3% | -250.5% | 84.0% | 74.5% | 97.7% | 43.2% | 79.4% | 95.9% | 94.7% | 86.1% | 99.5% | 165.7% | 62.9% | 88.7% | 80.7% | 97.1% | 90.2% | 33.8% | 65.1% | 78.4% | 22.6% | – |
| Finance costs | 0 | 0.2 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.4 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
| Profit before tax | 33.8 | 9.8 | 11.5 | 21.2 | 32.8 | −30.7 | 11.4 | 44.5 | 38.7 | 4.8 | 20.4 | 25.6 | 23.7 | 8 | 96.7 | 12.4 | 7.5 | 8.7 | 48.8 | 15.3 | 6.2 | 4.1 | 25.7 | 11.6 | 3.2 | 0 |
| Tax | 7.2 | 3.8 | 3.7 | 4.9 | 7 | −3.9 | 2.9 | 10.3 | 9.6 | 3 | 3.4 | 5.4 | 7.4 | 2.4 | 24.5 | 3.1 | 0.5 | 0.4 | 9.5 | 3.5 | −1.5 | 0.6 | 2.6 | 2.7 | 1.1 | 0 |
| Net profit | 26.7 | 5.5 | 7.5 | 17.9 | 25.8 | −26.4 | 8.2 | 35 | 29.2 | 1.8 | 17.3 | 20.7 | 16.6 | 5.6 | 72.2 | 9.2 | 7 | 8.3 | 39.2 | 11.3 | 7.8 | 3.5 | 23 | 8.9 | 2.1 | 0 |
| Net margin | 77.6% | 20.1% | 63.0% | 72.2% | 69.5% | -215.3% | 60.4% | 58.7% | 73.7% | 16.0% | 67.4% | 77.5% | 65.9% | 64.0% | 74.5% | 121.3% | 58.4% | 132.2% | 66.5% | 71.6% | 112.6% | 45.6% | 64.2% | 60.1% | 15.3% | – |
| EPS (₹) | 51.96 | 10.72 | 14.66 | 34.79 | 50.20 | -51.49 | 15.93 | 68.23 | 56.86 | 3.41 | 33.66 | 40.22 | 32.30 | 10.85 | 140.63 | 17.98 | 13.61 | 16.24 | 76.41 | 21.98 | 15.10 | 6.78 | 44.85 | 1.73 | 0.40 | 0.00 |
| Net profit YoY | +3.5% | +120.8% | −8.0% | −49.0% | −11.7% | −1609.8% | −52.7% | +69.7% | +76.0% | −68.6% | – | −71.4% | +79.7% | −20.3% | +84.1% | −18.2% | −9.9% | +139.5% | +70.4% | +27.3% | – | +65.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY18 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 101 | 125 | 88.4 | 131 | 93.1 | 65.1 | 36.2 |
| Other income | 0 | 0.1 | 0.1 | 2.2 | 4.3 | 2.4 | 0.1 |
| Total expenses | 26 | 61.4 | 14.1 | 9.2 | 17 | 21.4 | 25.8 |
| EBITDA | 75.6 | 63.8 | 74.5 | 123 | 76.1 | 43.7 | 10.4 |
| EBITDA margin | 74.8% | 51.0% | 84.3% | 93.7% | 81.8% | 67.1% | 28.8% |
| Finance costs | 0.4 | 0 | 0.2 | 0.9 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 75.2 | 63.9 | 74.4 | 124 | 80.4 | 47.6 | 10.5 |
| Tax | 19.5 | 19 | 19.2 | 31.8 | 14 | 4.4 | 2 |
| Net profit | 56.7 | 46 | 56.3 | 92.6 | 65.9 | 43.1 | 8.5 |
| Net margin | 56.0% | 36.7% | 63.7% | 70.5% | 70.8% | 66.2% | 23.4% |
| EPS (₹) | 110.37 | 89.54 | 109.59 | 180.26 | 128.24 | 84.00 | 22.22 |
| Net profit YoY | +23.3% | −18.3% | −39.2% | +40.6% | +52.7% | – | – |
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 | 49.1 | 61.7 | 41.1 | 72.2 | 41.7 |
| Investing cash flow | −49.3 | −75.4 | −29.7 | −67.7 | −41.2 |
| Financing cash flow | 2.5 | −0 | −0.2 | −0.9 | 0 |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Free cash flow (CFO − capex) | 49.1 | 61.7 | 41.1 | 72.2 | 41.7 |
Net profit trend
annual, ₹ croreFY21
₹43.1
FY22
₹65.9+53%
FY23
₹92.6+41%
FY24
₹56.3−39%
FY25
₹46−18%
FY26
₹56.7+23%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 33.4×48.8×
P/B5Y avg 0.16×0.19×
ROEFY26, on average equity0.4%
Net margin56.0%
Debt / equity0.00×
Revenue CAGR (3Y)-8.3%
Profit CAGR (3Y)-15.1%
EPS (TTM)₹112.13
Market cap₹2,808 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.19×
vs 10-point avg 0.16× (+17%)
0.13× low0.16× avg0.24× high
History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹17,184 Cr−9%
Net worth₹15,173 Cr−9%
Total borrowings₹3 Cr
Cash & bank balances₹5 Cr+86%
Investments₹16,744 Cr−10%
Inventories₹0 Cr
Trade receivables₹4 Cr+328%
Change vs the same date a year earlier.
Revenue mix FY26
Investments & Finance80.0%result ₹76 Cr
Trading of goods20.0%result ₹0.2 Cr
Segment revenue as reported, before inter-segment eliminations.