Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY24
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 83.6 | 101 | 88.7 | 73.6 | 77.6 | 83.5 | 76.8 | 65.6 | 68.4 | 118 | 72.1 |
| Other income | 2.2 | 3.4 | 2.2 | 2.7 | 2.7 | 3.6 | 2.6 | 2.5 | 3.1 | 1 | 1.4 |
| Total expenses | 81.3 | 84.9 | 84.7 | 73.3 | 76.6 | 71.9 | 75.1 | 66 | 68.4 | 84.2 | 65.9 |
| EBITDA | 8.7 | 21.8 | 9.7 | 5.9 | 6.1 | 16.1 | 5.9 | 3.6 | 3.9 | 39.2 | 11.7 |
| EBITDA margin | 10.4% | 21.6% | 10.9% | 8.1% | 7.9% | 19.3% | 7.7% | 5.4% | 5.7% | 33.2% | 16.2% |
| Finance costs | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.6 | 0.6 | 0.4 | 0.5 | 1.4 | 1.7 |
| Depreciation | 5.4 | 4.8 | 4.8 | 4.7 | 4.3 | 3.9 | 3.7 | 3.5 | 3.5 | 3.8 | 3.8 |
| Profit before tax | 4.5 | 19.3 | 3.1 | 3.1 | 3.6 | 15.2 | 4.3 | 2.2 | 3.1 | 35.1 | 7.6 |
| Tax | 1.1 | 3.4 | 0.3 | 2.6 | 0.7 | 2.9 | 0.7 | 1.7 | 0.9 | 8.9 | 2 |
| Net profit | 3.5 | 15.9 | 2.8 | 0.5 | 2.9 | 12.3 | 3.6 | 0.5 | 2.2 | 26.2 | 5.6 |
| Net margin | 4.1% | 15.8% | 3.1% | 0.7% | 3.7% | 14.8% | 4.7% | 0.8% | 3.2% | 22.1% | 7.8% |
| EPS (₹) | 0.69 | 3.16 | 0.54 | 0.11 | 0.57 | 2.44 | 0.72 | 0.10 | 0.43 | 5.84 | 1.26 |
| Net profit YoY | +20.5% | +29.3% | −24.2% | +3.6% | +31.9% | −52.9% | −35.4% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 341 | 294 | 332 |
| Other income | 11 | 11.9 | 3.9 |
| Total expenses | 320 | 281 | 282 |
| EBITDA | 43.5 | 29.5 | 70.4 |
| EBITDA margin | 12.8% | 10.0% | 21.2% |
| Finance costs | 3.7 | 2.1 | 5.8 |
| Depreciation | 18.6 | 14.5 | 14.9 |
| Profit before tax | 29.1 | 24.8 | 53.6 |
| Tax | 7 | 6.1 | 13.8 |
| Net profit | 22.1 | 18.7 | 39.7 |
| Net margin | 6.5% | 6.3% | 12.0% |
| EPS (₹) | 4.38 | 3.70 | 8.86 |
| Net profit YoY | +18.5% | −53.0% | – |
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 |
|---|---|---|---|
| Operating cash flow | 38.4 | −10.3 | 11.2 |
| Investing cash flow | −6.4 | 11.6 | −107 |
| Financing cash flow | −24.7 | −22.1 | 136 |
| Capital expenditure | 10.5 | 9.5 | 1.8 |
| Free cash flow (CFO − capex) | 28 | −19.8 | 9.4 |
Net profit trend
annual, ₹ croreFY24
₹39.7
FY25
₹18.7−53%
FY26
₹22.1+18%
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 on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 19 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 19 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 | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 36.5×20.1×
P/B5Y avg 3.95×1.73×
ROEFY26, on average equity8.6%
Net margin6.5%
Debt / equity0.00×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹4.50
Market cap₹457 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.73×
vs 5-point avg 3.95× (−56%)
1.32× low3.95× avg5.73× high
History points are balance-sheet dates (2024 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹428 Cr+6%
Net worth₹264 Cr+6%
Total borrowings₹0 Cr
Cash & bank balances₹36 Cr+26%
Investments₹1 Cr+33%
Inventories₹0 Cr
Trade receivables₹126 Cr−13%
Trade payables₹86 Cr−8%
Change vs the same date a year earlier.
Revenue mix FY24
Integrated Marketing Communications48.6%result ₹40.6 Cr
Customer Data Analytics and Marketing Technology (MarTech)26.6%result ₹11 Cr
Full-Service Market Research24.8%result ₹7.8 Cr
Segment revenue as reported, before inter-segment eliminations.