Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 203 | 205 | 173 | 136 | 159 | 162 | 119 | 129 | 151 | 165 | 167 | 140 | 146 | 127 | 122 | 109 | 97.2 | 109 | 79.3 | 70.5 | 76.5 | 81.3 | 54.8 | 51.4 | 36.4 | 75.8 | 83 | 80.8 | 83.3 | 86.8 | 66.5 | 57.5 | 71.6 | 84.4 |
| Other income | 15.5 | 23.6 | 8.4 | 11.1 | 10.7 | 9.9 | 8.6 | 8.3 | 20 | 11.4 | 6 | 4.7 | 6 | 4.7 | 6.5 | 14.9 | 3.7 | 22.1 | 7.9 | 6.5 | 0.2 | 8.5 | 5 | 11.2 | 4.4 | 0.2 | 0.1 | 0.6 | 2.5 | 2.2 | 8.3 | 8.6 | 0.5 | 2.9 |
| Total expenses | 163 | 145 | 129 | 117 | 114 | 112 | 102 | 99.6 | 115 | 113 | 91 | 94.8 | 96 | 86 | 82.6 | 86.6 | 81.5 | 107 | 77.3 | 68.8 | 80 | 77.8 | 80.5 | 68.7 | 58 | 84.3 | 85.4 | 87.9 | 90 | 123 | 90.5 | 87.3 | 87.8 | 93.8 |
| EBITDA | 84.4 | 104 | 84.1 | 57.7 | 84.1 | 89.1 | 54.6 | 68.7 | 74.3 | 92.1 | 115 | 86.1 | 88.1 | 76.6 | 75.2 | 57.1 | 48 | 35.7 | 35.7 | 35.8 | 31.1 | 40.1 | 11.4 | 21 | 14.8 | 34 | 42.4 | 39.4 | 41 | 6.9 | 24.4 | 18.1 | 33.2 | 40.2 |
| EBITDA margin | 41.6% | 50.5% | 48.7% | 42.3% | 52.8% | 54.9% | 45.8% | 53.4% | 49.4% | 55.7% | 68.7% | 61.5% | 60.3% | 60.4% | 61.4% | 52.3% | 49.3% | 32.7% | 45.0% | 50.7% | 40.7% | 49.4% | 20.8% | 40.8% | 40.7% | 44.8% | 51.1% | 48.7% | 49.2% | 7.9% | 36.7% | 31.5% | 46.4% | 47.6% |
| Finance costs | 9.1 | 9.8 | 8 | 7.1 | 7.3 | 7.5 | 6.2 | 6.2 | 6.1 | 6 | 6.9 | 6.7 | 5.5 | 5.1 | 4.2 | 3.9 | 3.4 | 4.1 | 4.6 | 4.3 | 4.2 | 5.2 | 6.1 | 7.4 | 7.6 | 8.9 | 9.9 | 10.8 | 11.4 | 11.9 | 11.5 | 11.6 | 12.7 | 13.3 |
| Depreciation | 35.7 | 34 | 32.5 | 31.1 | 31.4 | 31.3 | 31.2 | 33.5 | 32.5 | 33.2 | 31.9 | 34.2 | 32.6 | 30.7 | 31.1 | 30.5 | 28.8 | 28.8 | 29 | 29.8 | 30.5 | 31.5 | 30.9 | 30.9 | 28.8 | 33.5 | 34.8 | 35.7 | 36.3 | 30.8 | 36.9 | 36.3 | 36.8 | 36.3 |
| Profit before tax | 55 | 83.4 | 44.2 | 30.5 | 56.2 | 60.2 | 25.8 | 37.3 | 55.7 | 64.4 | 82 | 50 | 56.1 | 45.6 | 46.4 | 37.6 | 19.4 | 24.8 | 9.9 | 8.2 | −3.4 | 12 | −20.6 | −6.1 | −17.2 | −8.2 | −2.3 | −6.5 | −4.3 | −33.6 | −15.7 | −21.2 | −15.8 | −6.4 |
| Tax | 13.8 | 21.9 | 11.6 | 7.8 | 14.4 | 16.7 | 7.4 | 11.4 | 15.1 | 16.6 | 20.7 | 12.8 | 14.3 | 11.6 | 11.7 | 8.7 | 4.9 | 6.2 | 1.1 | 3.6 | −0.8 | 4.2 | −7.6 | −1.8 | −4.3 | −6.7 | −1.2 | −5.7 | −1.2 | −9.6 | −5.5 | −8 | −5.2 | −1 |
| Net profit | 41.2 | 61.5 | 32.7 | 22.7 | 41.8 | 43.4 | 18.4 | 29.4 | 40.6 | 47.7 | 61.3 | 37.2 | 41.7 | 33.9 | 34.7 | 28.9 | 14.5 | 18.6 | 8.8 | 4.5 | −2.5 | 7.8 | −13 | −4.3 | −12.9 | −1.5 | −1.1 | −0.8 | −3.1 | −24.1 | −10.2 | −13.2 | −10.6 | −5.4 |
| Net margin | 20.3% | 30.0% | 18.9% | 16.6% | 26.2% | 26.8% | 15.5% | 22.8% | 27.0% | 28.9% | 36.7% | 26.6% | 28.6% | 26.8% | 28.4% | 26.5% | 14.9% | 17.0% | 11.1% | 6.4% | -3.3% | 9.6% | -23.8% | -8.4% | -35.4% | -2.0% | -1.3% | -1.0% | -3.8% | -27.7% | -15.3% | -23.0% | -14.8% | -6.4% |
| EPS (₹) | 4.76 | 7.10 | 3.77 | 2.62 | 4.83 | 5.02 | 2.13 | 3.00 | 9.38 | 11.03 | 14.16 | 8.59 | 9.64 | 7.84 | 8.02 | 6.68 | 3.35 | 4.30 | 2.04 | 1.05 | -0.58 | 1.80 | -3.01 | -1.00 | -2.97 | -0.36 | -0.25 | -0.19 | -0.72 | -5.56 | -2.35 | -3.06 | -2.45 | -1.24 |
| Net profit YoY | −1.5% | +41.5% | +77.4% | −22.7% | +3.0% | −9.0% | −70.0% | −21.0% | −2.7% | +40.7% | +76.5% | +28.7% | +188.0% | +82.4% | +294.1% | +538.2% | +676.9% | +138.4% | +167.6% | +205.0% | +80.5% | +613.1% | −1076.5% | −412.6% | −310.7% | +93.7% | +89.1% | +93.6% | +70.4% | −347.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 674 | 541 | 619 | 456 | 335 | 224 | 323 | 282 | 228 |
| Other income | 53.8 | 46.7 | 28.2 | 29.8 | 37 | 29.1 | 3.3 | 12.9 | 20.1 |
| Total expenses | 505 | 410 | 394 | 337 | 333 | 285 | 348 | 382 | 336 |
| EBITDA | 329 | 286 | 381 | 257 | 138 | 87.3 | 157 | 89.3 | 83.6 |
| EBITDA margin | 48.9% | 52.8% | 61.6% | 56.4% | 41.1% | 39.0% | 48.5% | 31.6% | 36.6% |
| Finance costs | 32.3 | 25.9 | 24.9 | 16.6 | 17.3 | 26.3 | 41 | 47.6 | 54.7 |
| Depreciation | 129 | 128 | 132 | 121 | 118 | 122 | 140 | 141 | 137 |
| Profit before tax | 214 | 178 | 252 | 149 | 39.5 | −32 | −21.4 | −86.3 | −87.9 |
| Tax | 55.7 | 50.3 | 64.5 | 36.9 | 10.1 | −9.5 | −14.8 | −28.2 | −30.4 |
| Net profit | 159 | 132 | 188 | 112 | 29.4 | −22.4 | −6.6 | −58.1 | −57.5 |
| Net margin | 23.6% | 24.4% | 30.4% | 24.6% | 8.8% | -10.0% | -2.0% | -20.6% | -25.2% |
| EPS (₹) | 18.32 | 14.74 | 43.42 | 25.88 | 6.80 | -5.18 | -1.53 | -13.41 | -13.28 |
| Net profit YoY | +20.3% | −29.9% | +67.7% | +280.8% | +231.2% | −239.6% | +88.6% | −1.0% | – |
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 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 256 | 145 | 304 | 257 | 130 |
| Investing cash flow | −333 | −276 | −346 | −237 | −81.1 |
| Financing cash flow | 90.2 | 89.1 | 68.1 | −15.2 | −48.1 |
| Capital expenditure | 322 | 237 | 324 | 232 | 57.9 |
| Free cash flow (CFO − capex) | −66.2 | −91.4 | −19.9 | 25.2 | 72 |
Net profit trend
annual, ₹ croreFY21
₹−22.4
FY22
₹29.4+231%
FY23
₹112+281%
FY24
₹188+68%
FY25
₹132−30%
FY26
₹159+20%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 31 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 31 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 20 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 20 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 7 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 7 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 18.4×25.0×
P/B5Y avg 2.70×3.13×
ROEFY26, on average equity13.3%
Net margin23.6%
Debt / equity0.46×
Revenue CAGR (3Y)13.9%
Profit CAGR (3Y)12.3%
EPS (TTM)₹18.25
Market cap₹3,948 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.13×
vs 8-point avg 2.70× (+16%)
1.26× low2.70× avg5.78× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,040 Cr+21%
Net worth₹1,260 Cr+13%
Total borrowings₹577 Cr+32%
Cash & bank balances₹2 Cr+100%
Investments₹120 Cr−20%
Inventories₹6 Cr+3%
Trade receivables₹259 Cr+17%
Trade payables₹46 Cr+37%
Change vs the same date a year earlier.
Revenue mix FY26
Crane hiring and other ancillary services93.4%result ₹230 Cr
Project EPC6.6%result ₹8.1 Cr
Segment revenue as reported, before inter-segment eliminations.