Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY23
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 935 | 935 | 780 | 640 | 603 | 524 | 509 | 579 | 445 | 361 | 457 | 397 | 325 | 437 |
| Other income | 0.4 | 2 | 1.1 | 1.1 | 1.4 | −0.2 | 1 | 0.7 | 0.8 | 2.8 | −1 | 1.1 | 1.1 | 1.2 |
| Total expenses | 888 | 886 | 732 | 595 | 570 | 503 | 492 | 558 | 428 | 350 | 442 | 389 | 320 | 421 |
| EBITDA | 55.8 | 59.2 | 56.9 | 53.6 | 40.9 | 27.6 | 25.4 | 28.8 | 23 | 17.4 | 24.7 | 15.8 | 12.4 | 23.3 |
| EBITDA margin | 6.0% | 6.3% | 7.3% | 8.4% | 6.8% | 5.3% | 5.0% | 5.0% | 5.2% | 4.8% | 5.4% | 4.0% | 3.8% | 5.3% |
| Finance costs | 2.5 | 3.7 | 1.9 | 1.6 | 3.2 | 2 | 3.7 | 4.1 | 2.3 | 3.2 | 5.5 | 4.8 | 3.8 | 3.2 |
| Depreciation | 6.4 | 6.3 | 7 | 6.9 | 4.7 | 4.5 | 4.5 | 4.1 | 3.6 | 2.8 | 3.5 | 3.4 | 3.5 | 3.9 |
| Profit before tax | 47.4 | 50.3 | 49.1 | 46.2 | 34.4 | 20.9 | 18.2 | 21.3 | 17.9 | 14.2 | 14.7 | 8.8 | 6.3 | 46.5 |
| Tax | 11.5 | 12.8 | 13.8 | 12.3 | 9.3 | 4.3 | 5 | 6.1 | 4.9 | 2.3 | 4.6 | 3.1 | 2.2 | 5.1 |
| Net profit | 35.9 | 37.5 | 35.3 | 33.9 | 25.2 | 16.6 | 13.2 | 15.3 | 13 | 12 | 10.1 | 5.7 | 4.1 | 41.4 |
| Net margin | 3.8% | 4.0% | 4.5% | 5.3% | 4.2% | 3.2% | 2.6% | 2.6% | 2.9% | 3.3% | 2.2% | 1.4% | 1.3% | 9.5% |
| EPS (₹) | 4.70 | 12.30 | 11.57 | 11.50 | 8.72 | 5.91 | 5.03 | 11.84 | 10.27 | 10.20 | 8.72 | 4.89 | 3.53 | 35.64 |
| Net profit YoY | +42.6% | +126.0% | +166.8% | +122.0% | +94.2% | +39.0% | +30.6% | +168.2% | +215.9% | −71.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 2,958 | 2,057 | 1,541 | 1,476 |
| Other income | 5.6 | 2.3 | 4.1 | 4.3 |
| Total expenses | 2,783 | 1,981 | 1,501 | 1,417 |
| EBITDA | 211 | 105 | 70.3 | 77 |
| EBITDA margin | 7.1% | 5.1% | 4.6% | 5.2% |
| Finance costs | 10.4 | 12.2 | 17.2 | 6.8 |
| Depreciation | 24.8 | 16.6 | 13.2 | 11.1 |
| Profit before tax | 180 | 78.3 | 44 | 92.4 |
| Tax | 48.2 | 20.2 | 12.1 | 16.8 |
| Net profit | 132 | 58.1 | 31.9 | 75.6 |
| Net margin | 4.5% | 2.8% | 2.1% | 5.1% |
| EPS (₹) | 43.98 | 22.03 | 27.21 | 65.05 |
| Net profit YoY | +127.1% | +82.1% | −57.9% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | −44.1 | −81 | 65.3 | 78.5 |
| Investing cash flow | −49.7 | −67.9 | −52.8 | −109 |
| Financing cash flow | 64.7 | 177 | −1.9 | 30.1 |
| Capital expenditure | 50.1 | 88.8 | 36.8 | 111 |
| Free cash flow (CFO − capex) | −94.2 | −170 | 28.5 | −32.1 |
Net profit trend
annual, ₹ croreFY23
₹75.6
FY24
₹31.9−58%
FY25
₹58.1+82%
FY26
₹132+127%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 4 Aug 2026 | PDF XBRL |
| Q1 FY27 | Consolidated | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 4 Aug 2026 | PDF XBRL |
| Q1 FY27 | Standalone | – | PDF on NSE 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 | 28 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 28 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 17 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 17 Oct 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 9.3×10.0×
P/B5Y avg 1.53×1.81×
ROEFY26, on average equity19.1%
Net margin4.5%
Debt / equity0.19×
Revenue CAGR (3Y)26.1%
Profit CAGR (3Y)20.4%
EPS (TTM)₹46.73
Market cap₹1,424 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.81×
vs 7-point avg 1.53× (+18%)
0.68× low1.53× avg3.02× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹983 Cr+33%
Net worth₹788 Cr+33%
Total borrowings₹152 Cr+36%
Cash & bank balances₹10 Cr−74%
Investments₹5 Cr+2191%
Inventories₹273 Cr+13%
Trade receivables₹265 Cr+104%
Trade payables₹16 Cr−26%
Change vs the same date a year earlier.
Revenue mix FY26
Lead76.2%result ₹190 Cr
Copper22.7%result ₹25 Cr
Others1.1%result ₹−3.1 Cr
Segment revenue as reported, before inter-segment eliminations.