Quarterly results
consolidated · 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 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 870 | 925 | 943 | 907 | 846 | 906 | 840 | 748 | 733 | 823 | 745 | 814 | 749 | 668 | 692 | 834 | 700 | 693 | 533 | 552 | 488 | 557 | 412 | 390 | 166 | 451 | 537 | 580 | 538 | 585 | 568 | 518 | 503 |
| Other income | 14.1 | 8.9 | 16 | 13 | 8.3 | 7.3 | 6.7 | 5.9 | 7.4 | 16.5 | 6.1 | 5.9 | 11.8 | 2.4 | 7.9 | 15.6 | 11 | 7.1 | 4.4 | 3 | 2.5 | 9 | 4.7 | 2.3 | 2.8 | 4.6 | 3.6 | 8.6 | 3.5 | 5.1 | 7.6 | 9.8 | 8 |
| Total expenses | 838 | 878 | 916 | 879 | 814 | 866 | 807 | 717 | 705 | 800 | 718 | 790 | 731 | 640 | 673 | 828 | 692 | 678 | 523 | 544 | 482 | 541 | 413 | 392 | 214 | 455 | 525 | 569 | 516 | 556 | 553 | 510 | 454 |
| EBITDA | 92.7 | 105 | 82.6 | 81.4 | 85.8 | 91.2 | 81.6 | 75.3 | 71.6 | 64.8 | 76 | 70.3 | 61.9 | 68.4 | 58.1 | 46.2 | 45 | 50.8 | 42.5 | 40.5 | 37.6 | 45.6 | 32.9 | 30.4 | −16 | 26.4 | 46.6 | 44.5 | 51.6 | 58.5 | 41.1 | 32.2 | 77.3 |
| EBITDA margin | 10.6% | 11.4% | 8.8% | 9.0% | 10.1% | 10.1% | 9.7% | 10.1% | 9.8% | 7.9% | 10.2% | 8.6% | 8.3% | 10.2% | 8.4% | 5.5% | 6.4% | 7.3% | 8.0% | 7.3% | 7.7% | 8.2% | 8.0% | 7.8% | -9.6% | 5.8% | 8.7% | 7.7% | 9.6% | 10.0% | 7.2% | 6.2% | 15.4% |
| Finance costs | 36.4 | 34.3 | 34 | 34.1 | 35.1 | 33.6 | 31.3 | 27.7 | 27 | 26.2 | 31.5 | 29.9 | 27.9 | 22.9 | 22.2 | 24.7 | 21.5 | 20.9 | 19.5 | 19.7 | 18.3 | 18.1 | 22 | 19.8 | 19.8 | 18.3 | 22.6 | 22.7 | 19.9 | 22.7 | 19.4 | 17.3 | 19.7 |
| Depreciation | 23.6 | 24.5 | 21.5 | 19.4 | 18.8 | 17.7 | 17.3 | 17.4 | 16.5 | 16 | 17.6 | 16.6 | 16.4 | 17.3 | 16.3 | 15.6 | 15.8 | 15.3 | 13.4 | 12.8 | 12.8 | 11.8 | 12.1 | 12.2 | 12.1 | 11.5 | 11.4 | 10.4 | 9.5 | 7.2 | 7.6 | 6.8 | 8.1 |
| Profit before tax | 46.8 | 55.2 | 43.1 | 40.9 | 40.2 | 47.1 | 39.8 | 36.1 | 35.4 | 39.2 | 33.1 | 29.7 | 29.5 | 30.6 | 27.5 | 21.5 | 18.7 | 21.7 | 14.1 | 11 | 9 | 44.7 | 3.4 | 0.7 | −45.1 | 1.1 | 16.2 | 20.1 | 25.7 | 33.8 | 21.8 | 17.9 | 70.4 |
| Tax | 11.3 | 14.1 | 9.4 | 8.8 | 8.2 | 11.4 | 9.3 | 9.2 | 9 | 10.4 | 7.7 | 7.4 | 7.6 | 6.8 | 6.4 | 5.2 | 4.7 | 5 | 3.4 | 2.9 | 2.7 | 11.1 | 0.7 | 0.1 | −11.1 | 0.2 | 3.9 | −3.5 | 9.1 | 9.5 | 6.5 | 5.2 | 22.9 |
| Net profit | 35.4 | 41 | 33.6 | 32.3 | 32 | 35.7 | 30.5 | 26.9 | 26.4 | 28.8 | 25.4 | 22.4 | 21.8 | 23.9 | 21.1 | 16.4 | 14.1 | 16.7 | 10.7 | 8.1 | 6.3 | 33.6 | 2.7 | 0.6 | −34 | 1 | 12.3 | 23.5 | 16.6 | 24.3 | 15.3 | 12.7 | 47.5 |
| Net margin | 4.1% | 4.4% | 3.6% | 3.6% | 3.8% | 3.9% | 3.6% | 3.6% | 3.6% | 3.5% | 3.4% | 2.7% | 2.9% | 3.6% | 3.1% | 2.0% | 2.0% | 2.4% | 2.0% | 1.5% | 1.3% | 6.0% | 0.7% | 0.1% | -20.5% | 0.2% | 2.3% | 4.1% | 3.1% | 4.2% | 2.7% | 2.4% | 9.4% |
| EPS (₹) | 2.62 | 3.04 | 2.49 | 2.39 | 2.37 | 2.64 | 2.25 | 1.99 | 1.96 | 2.12 | 1.88 | 1.67 | 1.62 | 1.75 | 1.56 | 1.18 | 1.00 | 1.16 | 0.58 | 0.57 | 0.45 | 2.35 | 0.19 | 0.01 | -2.38 | 0.06 | 0.79 | 1.55 | 0.00 | 1.59 | 1.27 | 1.05 | 3.95 |
| Net profit YoY | +10.8% | +14.9% | +10.1% | +20.1% | +21.1% | +24.0% | +20.1% | +20.2% | +21.0% | +20.8% | +20.1% | +36.5% | +54.9% | +42.6% | +97.2% | +101.2% | +122.1% | −50.2% | +292.3% | +1328.1% | +118.6% | +3397.9% | −77.8% | −97.6% | −304.8% | −96.1% | −19.5% | +85.8% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,620 | 3,227 | 3,131 | 2,895 | 2,266 | 1,525 | 2,107 | 2,116 | 542 |
| Other income | 46.2 | 36.7 | 40.3 | 33.4 | 17.1 | 18.7 | 20.3 | 26 | 0.4 |
| Total expenses | 3,487 | 3,105 | 3,039 | 2,830 | 2,227 | 1,560 | 2,064 | 2,049 | 528 |
| EBITDA | 355 | 310 | 273 | 221 | 171 | 92.9 | 169 | 170 | 36.1 |
| EBITDA margin | 9.8% | 9.6% | 8.7% | 7.6% | 7.6% | 6.1% | 8.0% | 8.1% | 6.7% |
| Finance costs | 138 | 120 | 115 | 91.2 | 78.4 | 79.7 | 83.5 | 75.1 | 18.6 |
| Depreciation | 84.2 | 68.9 | 66.5 | 65 | 54.1 | 48.2 | 42.8 | 27.9 | 3.9 |
| Profit before tax | 180 | 158 | 131 | 98.4 | 55.9 | 3.7 | 63.1 | 93.5 | 14.1 |
| Tax | 40.5 | 39 | 33.1 | 23 | 14 | 0.8 | 9.7 | 29.5 | 0.7 |
| Net profit | 139 | 119 | 98.4 | 75.4 | 41.9 | 2.8 | 53.4 | 64 | 13.4 |
| Net margin | 3.8% | 3.7% | 3.1% | 2.6% | 1.8% | 0.2% | 2.5% | 3.0% | 2.5% |
| EPS (₹) | 10.29 | 8.84 | 7.29 | 5.49 | 2.94 | 0.18 | 3.51 | 4.20 | 1.11 |
| Net profit YoY | +16.2% | +21.5% | +30.4% | +80.0% | +1375.7% | −94.7% | −16.6% | – | – |
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 | 202 | 256 | 225 | 244 | 167 |
| Investing cash flow | −349 | −105 | −257 | −28 | −71 |
| Financing cash flow | 211 | −100 | −22.3 | −113 | −92.2 |
| Capital expenditure | 328 | 126 | 247 | 71.3 | 57.5 |
| Free cash flow (CFO − capex) | −126 | 130 | −21.9 | 173 | 110 |
Net profit trend
annual, ₹ croreFY21
₹2.8
FY22
₹41.9+1376%
FY23
₹75.4+80%
FY24
₹98.4+30%
FY25
₹119+21%
FY26
₹139+16%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 14 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 14 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 8 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 8 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 16.2×17.5×
P/B5Y avg 1.92×2.15×
ROEFY26, on average equity12.8%
Net margin3.8%
Debt / equity0.98×
Revenue CAGR (3Y)7.7%
Profit CAGR (3Y)22.5%
EPS (TTM)₹10.54
Market cap₹2,495 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.15×
vs 8-point avg 1.92× (+12%)
0.77× low1.92× avg2.96× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,551 Cr+20%
Net worth₹1,163 Cr+16%
Total borrowings₹1,142 Cr+47%
Cash & bank balances₹206 Cr+45%
Investments₹11 Cr+86%
Inventories₹1,010 Cr+8%
Trade receivables₹731 Cr+26%
Trade payables₹899 Cr+2%
Change vs the same date a year earlier.
Revenue mix FY26
Diversified engineering50.5%result ₹223 Cr
Custom designed building solutions & auxiliaries49.5%result ₹178 Cr
Segment revenue as reported, before inter-segment eliminations.