Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 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 | Q3 FY23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 470 | 1,596 | 266 | 499 | 273 | 585 | 464 | 533 | 422 | 812 | 521 | 618 | 272 | 0 | 127 |
| Other income | 23 | 17.4 | 27.8 | 21.6 | 15.5 | 57.4 | 21.8 | 23.2 | 15 | 14.6 | 12.6 | 15.3 | 10.9 | 0 | 9 |
| Total expenses | 424 | 1,553 | 282 | 504 | 271 | 553 | 438 | 465 | 398 | 782 | 521 | 641 | 217 | 0 | 125 |
| EBITDA | 82.2 | 81.5 | 11.5 | 15.4 | 13.7 | 50.5 | 41.1 | 80.5 | 43.2 | 52.1 | 8.5 | −14.4 | 63.4 | 0 | 8.7 |
| EBITDA margin | 17.5% | 5.1% | 4.3% | 3.1% | 5.0% | 8.6% | 8.9% | 15.1% | 10.2% | 6.4% | 1.6% | -2.3% | 23.3% | – | 6.9% |
| Finance costs | 30.6 | 32.9 | 23.3 | 15.7 | 7.2 | 12.7 | 12 | 10 | 16.8 | 19.7 | 7.1 | 6.7 | 6.5 | 0 | 5.8 |
| Depreciation | 5.4 | 5.8 | 3.9 | 4 | 4.2 | 5.7 | 2.7 | 2.5 | 2.4 | 2.6 | 1.7 | 1.6 | 1.4 | 0 | 1.1 |
| Profit before tax | 69.2 | 60.1 | 12.1 | 17.3 | 17.9 | 89.5 | 48.3 | 91.1 | 39 | 44.4 | 12.4 | −7.5 | 66.3 | 0 | 10.9 |
| Tax | 18 | 3.6 | 5.4 | 7 | −0.5 | 19.7 | 14.7 | 22.8 | 11.7 | 11.7 | 3.8 | −2.2 | 20.2 | 0 | 3.7 |
| Net profit | 52.4 | 63.7 | 5.1 | 9.9 | 16.3 | 67 | 30 | 65.6 | 25.7 | 30.5 | 29.9 | 4.2 | 46.5 | 0 | 5.8 |
| Net margin | 11.1% | 4.0% | 1.9% | 2.0% | 6.0% | 11.4% | 6.5% | 12.3% | 6.1% | 3.8% | 5.7% | 0.7% | 17.1% | – | 4.6% |
| EPS (₹) | 4.21 | 4.15 | 0.27 | 0.68 | 1.15 | 5.41 | 1.20 | 5.36 | 2.16 | 2.69 | 2.65 | 0.39 | 4.12 | 0.00 | 0.49 |
| Net profit YoY | +220.7% | −4.9% | −83.1% | −84.9% | −36.3% | +119.7% | +0.3% | +1471.9% | −44.9% | – | +413.4% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 2,635 | 2,004 | 2,222 | 686 |
| Other income | 82.3 | 117 | 53.4 | 39.2 |
| Total expenses | 2,609 | 1,854 | 2,160 | 622 |
| EBITDA | 122 | 215 | 110 | 104 |
| EBITDA margin | 4.6% | 10.7% | 4.9% | 15.1% |
| Finance costs | 79.1 | 51.5 | 40.1 | 36 |
| Depreciation | 17.9 | 13.2 | 7.3 | 4.6 |
| Profit before tax | 107 | 268 | 116 | 102 |
| Tax | 15.6 | 68.9 | 33.4 | 28.2 |
| Net profit | 95 | 188 | 111 | 79.5 |
| Net margin | 3.6% | 9.4% | 5.0% | 11.6% |
| EPS (₹) | 6.25 | 13.85 | 9.85 | 7.67 |
| Net profit YoY | −49.5% | +69.4% | +39.7% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | −509 | −11.4 | 183 | 306 |
| Investing cash flow | −78.8 | −64.9 | −278 | 26.7 |
| Financing cash flow | 418 | 484 | −38.3 | −30.2 |
| Capital expenditure | 8.6 | 19.3 | 4.6 | 6.8 |
| Free cash flow (CFO − capex) | −518 | −30.7 | 179 | 299 |
Net profit trend
annual, ₹ croreFY23
₹79.5
FY24
₹111+40%
FY25
₹188+69%
FY26
₹95−50%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 4 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 4 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 12 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 12 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 4 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 4 Feb 2026 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 56.9×35.3×
P/B5Y avg 3.14×1.62×
ROEFY26, on average equity3.4%
Net margin3.6%
Debt / equity0.51×
Revenue CAGR (3Y)56.6%
Profit CAGR (3Y)6.1%
EPS (TTM)₹10.38
Market cap₹4,627 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.62×
vs 7-point avg 3.14× (−49%)
1.62× low3.14× avg4.25× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹6,723 Cr+1%
Net worth₹2,863 Cr+3%
Total borrowings₹1,463 Cr+62%
Cash & bank balances₹468 Cr−27%
Investments₹247 Cr+49%
Inventories₹3,669 Cr−5%
Trade receivables₹339 Cr+306%
Trade payables₹1,045 Cr+32%
Change vs the same date a year earlier.