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Quarterly results

standalone · as filed with NSE · Q1 FY27 back to Q1 FY19

₹ 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	Q3 FY19	Q2 FY19	Q1 FY19
Revenue from operations	950	948	906	703	769	862	817	660	755	788	752	567	706	658	739	511	753	678	594	422	802	618	434	179	563	496	435	568	420	375	436
Other income	4.4	3.5	1.6	2.5	2.5	3.5	1.7	4.2	2.5	5	4.3	3.4	2.9	6.3	8.6	6.5	2.7	0.9	1.3	0.9	4	0.7	0.7	0.9	1.5	1.2	0.9	0.5	2.3	2.8	1.9
Total expenses	908	896	864	689	748	823	782	650	738	779	723	566	682	631	704	517	691	628	549	416	721	550	391	215	516	467	428	540	405	369	419
EBITDA	66.6	77.4	67.7	37.9	46.1	66.8	61.2	35.7	40.1	30.7	48.9	20.7	44	46.4	54.9	11.6	80.7	66.5	61.9	22.3	96.8	84.2	57.8	−19.3	65.2	45.3	21.9	44.1	27	17.1	26.5
EBITDA margin	7.0%	8.2%	7.5%	5.4%	6.0%	7.8%	7.5%	5.4%	5.3%	3.9%	6.5%	3.6%	6.2%	7.0%	7.4%	2.3%	10.7%	9.8%	10.4%	5.3%	12.1%	13.6%	13.3%	-10.8%	11.6%	9.1%	5.0%	7.8%	6.4%	4.6%	6.1%
Finance costs	5.7	5.3	6.8	5	5.5	6.4	6.1	6	5.7	6.8	5.4	5.2	5.9	6.1	6	4.8	6	4.6	5	4.8	5.4	4.6	4.5	6.3	7.7	6.6	5.1	6.8	5.4	5.3	5.3
Depreciation	18.8	19.6	18.9	19.1	19.5	21.8	20.2	19.6	17.5	15.5	15	14.2	14.3	13.7	13.9	13.1	11.9	11.8	11.7	11.6	10.9	10.8	10.7	10.7	10.6	10.4	9.9	9.2	6.1	5.5	5.1
Profit before tax	42.5	54.4	34.9	16.3	23.7	42.1	36.6	14.2	19.3	13.5	32.8	23.4	26.6	32.8	43.6	0.1	65.5	50.9	46.6	6.8	84.5	69.4	43.3	−35.3	48.4	29.5	7.8	28.6	17.7	9.1	18.1
Tax	11	14.1	9	4.2	6.1	10.9	9.5	3.8	4.9	0.7	8.5	4.9	6.9	8.2	11	0.4	16.7	12.9	11.8	1.8	21.8	17.5	10.9	−8	12.6	10.4	2.9	9.7	6	2.2	6.1
Net profit	31.5	40.3	26	12.1	17.5	31.3	27.2	10.4	14.3	12.8	24.3	18.5	19.7	24.6	32.6	−0.3	48.8	38.1	34.8	5	62.7	51.9	32.4	−27.3	35.8	19.1	4.9	18.9	11.8	6.9	12
Net margin	3.3%	4.2%	2.9%	1.7%	2.3%	3.6%	3.3%	1.6%	1.9%	1.6%	3.2%	3.3%	2.8%	3.7%	4.4%	-0.1%	6.5%	5.6%	5.8%	1.2%	7.8%	8.4%	7.5%	-15.3%	6.4%	3.8%	1.1%	3.3%	2.8%	1.8%	2.8%
EPS (₹)	1.48	1.89	1.22	0.57	0.82	1.46	1.27	0.49	0.67	0.60	1.14	0.86	0.92	1.16	1.53	-0.01	2.30	1.79	1.64	0.24	2.95	2.45	1.53	-1.29	1.69	0.90	0.23	0.89	0.55	0.32	0.57
Net profit YoY	+79.7%	+28.9%	−4.4%	+15.5%	+22.2%	+144.2%	+11.7%	−43.4%	−27.2%	−48.0%	−25.3%	+6689.3%	–	−49.5%	−14.5%	−100.8%	−22.2%	−26.7%	+7.2%	+118.4%	+75.2%	+172.7%	+558.9%	−244.6%	–	+61.9%	−28.5%	+56.7%	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20
Revenue from operations	3,326	3,094	2,812	2,529	2,448	2,033	2,062
Other income	10	11.8	15.5	26.6	5.8	6.3	4.1
Total expenses	3,197	2,993	2,750	2,454	2,284	1,877	1,952
EBITDA	229	204	144	151	231	220	176
EBITDA margin	6.9%	6.6%	5.1%	6.0%	9.4%	10.8%	8.6%
Finance costs	22.6	24.2	23.3	22.2	20.3	20.7	26.1
Depreciation	77.1	79.1	59	53.5	47.1	43.2	40.1
Profit before tax	129	112	96.3	102	170	162	114
Tax	33.5	29	21	26.1	43.1	42.2	35.7
Net profit	95.8	83.2	75.3	75.9	127	120	78.6
Net margin	2.9%	2.7%	2.7%	3.0%	5.2%	5.9%	3.8%
EPS (₹)	4.49	3.90	3.53	3.57	5.97	5.64	3.71
Net profit YoY	+15.2%	+10.5%	−0.8%	−40.1%	+5.8%	+52.3%	–

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	110	87.6	118	190	11.4
Investing cash flow	−73.1	−29	−171	−110	78.2
Financing cash flow	−57.3	−72	−45.7	−66.1	−79.7
Capital expenditure	34.1	55.3	175	114	42.7
Free cash flow (CFO − capex)	75.9	32.3	−56.6	75.9	−31.3

Net profit trend

annual, ₹ crore

FY21

₹120

FY22

₹127+6%

FY23

₹75.9−40%

FY24

₹75.3−1%

FY25

₹83.2+11%

FY26

₹95.8+15%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Standalone	22 Jul 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	8 May 2026	PDF on NSE XBRL
Q3 FY26	Standalone	22 Jan 2026	PDF on NSE XBRL
Q2 FY26	Standalone	17 Oct 2025	PDF on NSE XBRL
Q1 FY26	Standalone	25 Jul 2025	PDF on NSE XBRL
Q1 FY26	Standalone	–	PDF on NSE XBRL
Q4 FY25	Standalone · audited	25 Apr 2025	PDF on NSE XBRL
Q3 FY25	Standalone	29 Jan 2025	PDF on NSE XBRL
Q2 FY25	Standalone	25 Oct 2024	PDF on NSE XBRL
Q1 FY25	Standalone	1 Aug 2024	PDF on NSE XBRL

Annual reports

NSE archive

FY2618.37 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18

Key ratios

P/E (TTM)5Y avg 54.7×31.5×

P/B5Y avg 7.42×4.56×

ROEFY26, on average equity13.2%

Net margin2.9%

Debt / equity0.03×

Revenue CAGR (3Y)9.6%

Profit CAGR (3Y)8.1%

EPS (TTM)₹5.15

Market cap₹3,463 Cr

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

P/B vs history

4.56×

vs 8-point avg 7.42× (−39%)

4.39× low7.42× avg10.76× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹1,667 Cr+7%

Net worth₹760 Cr+9%

Total borrowings₹26 Cr+55%

Cash & bank balances₹32 Cr−39%

Investments₹60 Cr+328%

Inventories₹426 Cr−1%

Trade receivables₹619 Cr+21%

Trade payables₹601 Cr+0%

Change vs the same date a year earlier.

Revenue mix FY26

Electrical Consumer Durables69.0%result ₹225 Cr

Lighting & Switchgear31.0%result ₹138 Cr

Segment revenue as reported, before inter-segment eliminations.

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	38.31	38.31	38.31	38.31	38.31	38.31	38.31	38.31	38.31	38.31	38.31	38.31
FII	3.28	3.41	3.60	6.34	6.87	6.92	7.09	6.99	6.56	6.52	5.93	5.69
DII	32.49	32.52	31.90	29.29	28.10	27.95	27.86	27.89	27.73	27.20	29.23	29.98
of which MF	31.21	31.60	30.92	27.96	26.76	–	–	–	–	–	–	–
Retail	10.79	10.93	11.13	11.37	11.42	11.74	11.98	11.92	12.30	13.14	11.71	11.07
Other public	15.13	14.83	15.06	14.69	15.30	15.08	14.76	14.89	15.10	14.83	14.82	14.95

79,599 shareholders · NSE shareholding pattern filings.