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 | 27.2 | 9.1 | 9.8 | 2.7 | 28.1 | 49.5 | 37.1 | 42.9 | 36.1 | 64.6 | 44.1 | 42 | 39.4 | 48.2 |
| Other income | 3.7 | 3.3 | 1.2 | −0.5 | 4.5 | −0.1 | 0.5 | 1.2 | 0.3 | 2.5 | 0.8 | −0 | 0.7 | 0.3 |
| Total expenses | 31 | 46.8 | 35.7 | 28.2 | 34.8 | 44.4 | 33.9 | 43 | 34.6 | 62.9 | 40.9 | 37.8 | 39.7 | 45.4 |
| EBITDA | 2.3 | −22.8 | −15.2 | −17 | 1.9 | 13.2 | 11.2 | 8.3 | 9.6 | 9.3 | 11.4 | 12.5 | 7.9 | 9.7 |
| EBITDA margin | 8.5% | -250.5% | -155.6% | -628.9% | 6.9% | 26.7% | 30.3% | 19.3% | 26.6% | 14.4% | 25.9% | 29.8% | 19.9% | 20.2% |
| Finance costs | 3.2 | 10.7 | 6.9 | 4.9 | 4 | 4.3 | 4.6 | 4.4 | 4.2 | 4.1 | 4.4 | 4.5 | 4.3 | 4.3 |
| Depreciation | 2.9 | 4.1 | 3.9 | 3.7 | 4.7 | 3.9 | 3.4 | 4 | 4 | 3.5 | 3.8 | 3.8 | 3.8 | 2.7 |
| Profit before tax | −0.1 | −34.3 | −24.7 | −26 | −2.2 | 5 | 3.7 | 1 | 1.8 | 4.2 | 4 | 4.2 | 0.5 | 3.1 |
| Tax | 0.5 | −0.7 | 0.4 | −0.4 | −0.1 | 0.9 | 1.1 | 0.8 | 1.2 | 3.7 | 3.1 | 1.6 | 0.4 | 1.3 |
| Net profit | −0.6 | −33.6 | −25.1 | −25.5 | −2.1 | 4.1 | 2.6 | 0.3 | 0.6 | 0.5 | 0.9 | 2.6 | 0.1 | 1.8 |
| Net margin | -2.0% | -369.0% | -257.6% | -945.9% | -7.5% | 8.3% | 7.0% | 0.6% | 1.7% | 0.8% | 2.1% | 6.1% | 0.1% | 3.7% |
| EPS (₹) | 0.00 | -0.78 | -0.76 | -0.78 | -0.07 | 0.12 | 0.08 | 0.01 | 0.03 | 0.02 | 0.04 | 0.10 | 0.00 | 0.09 |
| Net profit YoY | +74.1% | −920.0% | −1074.4% | −9923.1% | −441.9% | +688.5% | +177.4% | −89.9% | +1140.0% | −70.6% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 49.7 | 166 | 190 | 143 |
| Other income | 8.6 | 1.8 | 4 | 1.8 |
| Total expenses | 146 | 156 | 181 | 139 |
| EBITDA | −53.1 | 42.4 | 41.1 | 21.2 |
| EBITDA margin | -106.8% | 25.6% | 21.6% | 14.8% |
| Finance costs | 26.5 | 17.5 | 17.3 | 9.8 |
| Depreciation | 16.3 | 15.2 | 14.9 | 7.6 |
| Profit before tax | −87.3 | 11.5 | 12.8 | 5.7 |
| Tax | −0.9 | 4 | 8.8 | 2.5 |
| Net profit | −86.4 | 7.6 | 4.1 | 3.2 |
| Net margin | -174.0% | 4.6% | 2.1% | 2.2% |
| EPS (₹) | -2.01 | 0.23 | 0.17 | 0.16 |
| Net profit YoY | −1243.1% | +85.3% | +29.1% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | −28.6 | 47.9 | −2.4 | −37.8 |
| Investing cash flow | −46 | −88.6 | −64.9 | −52.8 |
| Financing cash flow | 92.7 | 24.7 | 41.2 | 71.6 |
| Capital expenditure | 63.9 | 93.6 | 65.8 | 42.2 |
| Free cash flow (CFO − capex) | −92.6 | −45.7 | −68.2 | −80 |
Net profit trend
annual, ₹ croreFY23
₹3.2
FY24
₹4.1+29%
FY25
₹7.6+85%
FY26
₹−86.4−1243%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 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 | 10 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 10 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 18 Sept 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 18 Sept 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 558.8×-9.9×
P/B5Y avg 11.29×1.84×
ROEFY26, on average equity-23.5%
Net margin-174.0%
Debt / equity0.24×
Revenue CAGR (3Y)-29.8%
Profit CAGR (3Y)–
EPS (TTM)₹-0.29
Market cap₹836 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.84×
vs 6-point avg 11.29× (−84%)
0.89× low11.29× avg22.44× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹658 Cr+3%
Net worth₹454 Cr+62%
Total borrowings₹109 Cr−54%
Cash & bank balances₹14 Cr+10492%
Investments₹0 Cr−100%
Inventories₹98 Cr−28%
Trade receivables₹133 Cr+9%
Trade payables₹48 Cr−1%
Change vs the same date a year earlier.