Your investments deserve an analyst, not a dashboard.

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	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	Q4 FY18
Revenue from operations	14.4	44.1	59.6	129	49.7	56.6	60.9	123	61.8	63.3	61.7	107	54.7	54.1	52.5	112	59.7	53	51.6	98	55	50.2	49.1	61.9	37.5	38.6	32.7	0
Other income	0.2	5.1	0.3	0	0	2.6	0.7	1.6	0	0	0	0	0	0.8	0.1	−0	0.1	0.1	0	0	0.2	0.9	0	0	0	0	0	0
Total expenses	49.1	47.1	46.6	60.2	43.6	34.9	24.5	21.5	21.7	22.9	23.6	19.9	18.3	18.4	14.5	20	19.1	17.9	14.1	16.3	18	17.7	16.7	16.4	9.1	18.3	12.4	0
EBITDA	11.5	40.8	55.3	108	46.1	50.8	56.4	121	60	62.2	56.9	104	52.8	51.5	51	111	58.1	49.3	50.7	97	53.4	48.4	47.8	59.2	35.9	31.2	31.5	0
EBITDA margin	79.5%	92.5%	92.7%	83.6%	92.8%	89.8%	92.6%	98.4%	97.2%	98.3%	92.2%	97.8%	96.5%	95.1%	97.3%	99.0%	97.3%	93.1%	98.2%	99.0%	97.2%	96.5%	97.4%	95.5%	95.9%	80.7%	96.2%	–
Finance costs	46.1	43.7	42.2	38.9	39.9	29	20	19.5	19.9	21.8	18.8	17.5	16.3	15.7	13	18.9	17.4	14.2	13.1	15.2	16.4	15.9	15.3	13.5	7.4	10.7	11	0
Depreciation	0.1	0.1	0.1	0.1	0.1	0.1	0	0	0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0
Profit before tax	−34.4	2.2	13.3	69.3	6.1	24.4	37.1	103	40	40.4	38.1	86.7	36.4	36.5	38.1	92.3	40.6	35.1	37.5	81.7	37.1	33.3	32.4	45.6	28.4	20.3	20.3	0
Tax	0	1	3.4	19.3	1.7	6.1	10.3	26.1	10.1	10.1	10.1	22.5	9.2	9.5	4.9	26.7	10.5	9.2	9.3	17.4	9.3	8.2	7.8	10.1	6.9	9.6	5.1	0
Net profit	−47.3	4.8	−14.4	44.7	−4	−25.1	13.4	77.7	32.5	31.4	55.5	54.2	25.3	75.1	36	89.3	45.5	54.4	32.9	79.1	35	22.4	35.2	30.8	8.2	37.9	27.1	0
Net margin	-327.2%	10.8%	-24.1%	34.5%	-8.1%	-44.3%	21.9%	63.3%	52.6%	49.7%	90.0%	50.8%	46.2%	138.7%	68.7%	79.5%	76.2%	102.7%	63.7%	80.8%	63.7%	44.6%	71.7%	49.7%	22.0%	98.1%	82.9%	–
EPS (₹)	-42.68	4.29	-13.00	40.38	-3.63	-22.66	12.07	70.17	29.36	0.00	50.14	48.95	22.85	67.80	32.56	80.68	41.07	49.14	29.69	71.46	31.62	20.20	31.82	38.95	10.43	47.93	34.29	0.00
Net profit YoY	−1075.5%	+118.9%	−207.7%	−42.5%	−112.4%	−179.8%	−75.9%	+43.4%	+28.5%	−58.1%	+54.0%	−39.3%	−44.4%	+38.0%	+9.6%	+12.9%	+29.9%	+143.3%	−6.7%	+156.9%	+324.4%	−41.0%	+29.9%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	283	302	286	279	258	199	126	23.3
Other income	5.4	4.9	0	1	0.2	0.9	0	0.2
Total expenses	197	103	84.7	72	66.4	59.9	54.2	5.6
EBITDA	250	288	276	272	250	191	115	18.2
EBITDA margin	88.5%	95.4%	96.4%	97.6%	97.2%	96.3%	91.5%	78.1%
Finance costs	165	88.4	74.3	65	58.9	52.1	43.1	0
Depreciation	0.3	0.2	0.2	0.3	0.4	0.4	0.4	0.5
Profit before tax	90.9	204	202	208	191	140	71.6	15.2
Tax	25.5	52.6	51.9	51.7	45.1	33	17.6	0.1
Net profit	31.1	98.5	166	246	201	96.7	175	119
Net margin	11.0%	32.6%	58.1%	88.3%	78.2%	48.6%	139.1%	511.9%
EPS (₹)	28.05	88.95	0.00	222.11	181.92	87.30	221.20	150.74
Net profit YoY	−68.5%	−40.8%	−32.3%	+22.1%	+108.4%	−44.7%	–	–

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	1,347	650	−30.9	417	−100
Investing cash flow	−1,798	−1,648	−91.3	−8.5	−76.1
Financing cash flow	438	972	122	−412	181
Capital expenditure	0	0.5	0	0	0
Free cash flow (CFO − capex)	1,347	649	−30.9	417	−100

Net profit trend

annual, ₹ crore

FY21

₹96.7

FY22

₹201+108%

FY23

₹246+22%

FY24

₹166−32%

FY25

₹98.5−41%

FY26

₹31.1−68%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	14 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	14 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	7 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	7 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	8 Nov 2025	PDF XBRL
Q2 FY26	Consolidated	–	PDF on NSE XBRL
Q2 FY26	Standalone	8 Nov 2025	PDF XBRL
Q2 FY26	Standalone	–	PDF on NSE XBRL

Annual reports

NSE archive

FY261.91 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 55.3×-365.0×

P/B5Y avg 0.26×0.28×

ROEFY26, on average equity0.2%

Net margin11.0%

Debt / equity0.00×

Revenue CAGR (3Y)0.5%

Profit CAGR (3Y)-49.8%

EPS (TTM)₹-11.00

Market cap₹4,446 Cr

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

P/B vs history

0.28×

vs 9-point avg 0.26× (+8%)

0.16× low0.26× avg0.35× high

History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹19,581 Cr+1%

Net worth₹15,872 Cr−1%

Total borrowings₹0 Cr−100%

Cash & bank balances₹5 Cr−75%

Investments₹18,939 Cr+9%

Inventories₹0 Cr

Trade receivables₹0 Cr−56%

Change vs the same date a year earlier.

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	58.68	58.68	58.24	58.12	57.95	57.55	57.55	57.55	57.55	57.55	57.55	57.55
FII	0.42	0.43	0.43	0.43	0.49	0.38	0.35	0.56	0.45	0.47	0.50	0.53
DII	1.41	1.38	1.36	0.47	0.47	0.40	0.39	0.38	0.25	0.25	0.25	0.26
Retail	11.30	11.38	11.66	11.62	11.47	11.72	11.58	11.40	11.60	11.69	11.72	11.60
Other public	28.19	28.13	28.31	29.36	29.62	29.95	30.13	30.11	30.15	30.04	29.98	30.06

17,621 shareholders · NSE shareholding pattern filings.