Quarterly results
consolidated · 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 | 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 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 193 | 430 | 311 | 314 | 339 | 381 | 368 | 350 | 320 | 288 | 267 | 268 | 263 | 237 | 264 | 245 | 227 | 325 | 312 | 293 | 176 | 207 | 203 | 192 | 154 | 111 | 124 | 151 | 146 |
| Other income | 2 | 2.8 | 2.2 | 3 | 2.1 | 1.5 | 2.7 | 2.2 | 2 | 9 | 1.5 | 5.5 | 2.5 | 2.5 | 3.3 | 5.2 | 5 | 8.8 | 2.1 | 5.6 | 4.6 | 2.6 | 1.6 | 0.9 | 2.5 | 13.4 | 7.9 | 4.4 | 2.4 |
| Total expenses | 191 | 409 | 289 | 262 | 289 | 326 | 320 | 300 | 271 | 247 | 222 | 231 | 234 | 216 | 249 | 255 | 241 | 334 | 311 | 289 | 183 | 195 | 173 | 176 | 153 | 130 | 124 | 140 | 141 |
| EBITDA | 23.3 | 46.4 | 46.2 | 76.6 | 72.6 | 78.9 | 72.3 | 72.5 | 71.3 | 66.7 | 66.5 | 61.1 | 48.5 | 41.9 | 36.1 | 14.1 | 17.8 | 24.7 | 32.3 | 32.3 | 23.1 | 29.7 | 46.3 | 31.7 | 19.8 | 10.3 | 26.9 | 32.5 | 27.8 |
| EBITDA margin | 12.1% | 10.8% | 14.8% | 24.4% | 21.4% | 20.7% | 19.7% | 20.7% | 22.3% | 23.2% | 24.9% | 22.8% | 18.4% | 17.7% | 13.7% | 5.7% | 7.8% | 7.6% | 10.3% | 11.0% | 13.1% | 14.3% | 22.8% | 16.5% | 12.9% | 9.2% | 21.7% | 21.4% | 19.0% |
| Finance costs | 4 | 7.7 | 5.7 | 7 | 5.3 | 6.9 | 6.6 | 5.1 | 5.3 | 5.1 | 5.3 | 8 | 4.6 | 6.2 | 6.8 | 7.9 | 7.6 | 7 | 2.8 | 3 | 5.1 | 2.5 | 0.5 | −1.7 | 2.6 | 10.9 | 6.6 | 2 | 1.8 |
| Depreciation | 17.7 | 17.6 | 17.9 | 17.9 | 17.8 | 17.3 | 17.7 | 17.5 | 17.2 | 20.8 | 15.5 | 15.5 | 14.4 | 14.7 | 14.6 | 15.9 | 23.9 | 26.9 | 28.2 | 25.1 | 25.1 | 14.6 | 16.1 | 17.6 | 16.1 | 18 | 20.3 | 19.1 | 20.5 |
| Profit before tax | 3.6 | 23.8 | 24.3 | 54.6 | 51.6 | 56.2 | 50.7 | 52.1 | 50.8 | 49.8 | 47.1 | 43.2 | 32 | 23.6 | 18 | −4.5 | −8.7 | −0.4 | 3.4 | 9.8 | −2.5 | 15.2 | −20.6 | 16.6 | 3.7 | −5.3 | 8 | 15.8 | 8 |
| Tax | 0.9 | 1 | 1.8 | 1.4 | 1.8 | 1.9 | 3.8 | 2.8 | 2.4 | 4 | 2.4 | 2.5 | 2 | 0.9 | 1.1 | 1.3 | 0.7 | 3.9 | 3.6 | 3.3 | 0.2 | 3.4 | −10.2 | 0.7 | −3.4 | −1 | 2 | −2.6 | 3.7 |
| Net profit | 2.7 | 22.8 | 22.5 | 53.3 | 49.9 | 54.2 | 47 | 49.3 | 48.4 | 45.9 | 44.7 | 40.7 | 30 | 22.7 | 16.9 | −5.8 | −9.4 | −4.2 | −0.3 | 6.4 | −2.7 | 11.8 | −10.4 | 15.9 | 7.1 | −4.2 | 6 | 18.4 | 4.3 |
| Net margin | 1.4% | 5.3% | 7.2% | 17.0% | 14.7% | 14.3% | 12.8% | 14.1% | 15.1% | 15.9% | 16.7% | 15.2% | 11.4% | 9.6% | 6.4% | -2.4% | -4.1% | -1.3% | -0.1% | 2.2% | -1.5% | 5.7% | -5.1% | 8.3% | 4.6% | -3.8% | 4.8% | 12.1% | 2.9% |
| EPS (₹) | 0.10 | 0.86 | 0.84 | 2.00 | 1.87 | 2.03 | 1.75 | 1.85 | 1.81 | 1.72 | 1.68 | 1.53 | 1.14 | 0.87 | 0.64 | -0.22 | -0.33 | -0.13 | -0.01 | 0.23 | 0.10 | 0.45 | 0.15 | 0.63 | 0.31 | -0.22 | 0.22 | 0.71 | 0.21 |
| Net profit YoY | −94.5% | −57.9% | −52.1% | +8.1% | +3.1% | +18.3% | +5.0% | +21.2% | +61.2% | +101.7% | +165.1% | +802.3% | +420.2% | +636.0% | +6666.8% | −190.2% | −247.0% | −136.1% | +97.5% | −59.7% | −138.2% | +377.6% | −274.0% | −13.3% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,394 | 1,418 | 1,087 | 974 | 1,106 | 756 | 533 |
| Other income | 10.1 | 8.4 | 18.4 | 16.1 | 21.1 | 7.6 | 28.2 |
| Total expenses | 1,249 | 1,217 | 933 | 961 | 1,117 | 696 | 535 |
| EBITDA | 242 | 295 | 243 | 110 | 112 | 127 | 97.5 |
| EBITDA margin | 17.3% | 20.8% | 22.3% | 11.3% | 10.2% | 16.9% | 18.3% |
| Finance costs | 25.7 | 24 | 22.9 | 28.5 | 17.9 | 3.8 | 21.3 |
| Depreciation | 71.2 | 69.7 | 66.2 | 69.1 | 105 | 64.4 | 77.9 |
| Profit before tax | 154 | 210 | 172 | 28.4 | 10.3 | 14.9 | 26.5 |
| Tax | 5.9 | 10.9 | 10.8 | 4 | 10.2 | −9.5 | 2.1 |
| Net profit | 148 | 199 | 161 | 24.4 | 0.1 | 24.4 | 24.4 |
| Net margin | 10.6% | 14.0% | 14.8% | 2.5% | 0.0% | 3.2% | 4.6% |
| EPS (₹) | 5.57 | 7.46 | 6.05 | 0.93 | 0.00 | 1.54 | 0.92 |
| Net profit YoY | −25.4% | +23.3% | +559.9% | +24287.9% | −99.6% | +0.1% | – |
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 | 39.6 | 75.4 | 226 | 7 | −20 |
| Investing cash flow | 49.4 | −102 | −157 | −4.7 | −5.3 |
| Financing cash flow | −86.6 | 18.2 | −77.1 | −9.6 | 17.9 |
| Capital expenditure | 17.1 | 52.3 | 190 | 7.8 | 14.4 |
| Free cash flow (CFO − capex) | 22.6 | 23.1 | 35.7 | −0.9 | −34.4 |
Net profit trend
annual, ₹ croreFY21
₹24.4
FY22
₹0.1−100%
FY23
₹24.4+24288%
FY24
₹161+560%
FY25
₹199+23%
FY26
₹148−25%
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 | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 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 | 11 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 30 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 30 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 57.1×42.4×
P/B5Y avg 4.71×2.76×
ROEFY26, on average equity10.2%
Net margin10.6%
Debt / equity0.12×
Revenue CAGR (3Y)12.7%
Profit CAGR (3Y)82.5%
EPS (TTM)₹3.80
Market cap₹4,299 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.76×
vs 8-point avg 4.71× (−42%)
2.17× low4.71× avg8.72× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,853 Cr+7%
Net worth₹1,559 Cr+16%
Total borrowings₹192 Cr−23%
Cash & bank balances₹10 Cr+33%
Investments₹76 Cr+6%
Inventories₹206 Cr+8%
Trade receivables₹742 Cr+27%
Trade payables₹57 Cr−40%
Change vs the same date a year earlier.