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 | 358 | 383 | 327 | 335 | 301 | 350 | 282 | 271 | 233 | 247 | 229 | 205 | 188 | 130 | 184 |
| Other income | 2 | 1.5 | 1.8 | 1.3 | 0.4 | 2.8 | 0.9 | 1 | 0.7 | 2.7 | 1.1 | 1.8 | 1.6 | 0.9 | 3.9 |
| Total expenses | 349 | 374 | 316 | 325 | 292 | 341 | 274 | 261 | 229 | 245 | 224 | 201 | 185 | 128 | 186 |
| EBITDA | 15.4 | 15.1 | 16.8 | 17.4 | 16.8 | 16.8 | 20.9 | 20.8 | 13.3 | 14.2 | 16.4 | 14.1 | 11.1 | 11.3 | 5.5 |
| EBITDA margin | 4.3% | 3.9% | 5.2% | 5.2% | 5.6% | 4.8% | 7.4% | 7.7% | 5.7% | 5.7% | 7.1% | 6.9% | 5.9% | 8.7% | 3.0% |
| Finance costs | 6.1 | 5.7 | 5.9 | 7.5 | 7.5 | 7.7 | 12.1 | 10.5 | 9.4 | 11.3 | 10.4 | 9.4 | 8.3 | 7.7 | 6.8 |
| Depreciation | 0.4 | 0.6 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 1.7 | 0.3 |
| Profit before tax | 10.8 | 10.4 | 12.5 | 10.9 | 9.3 | 11.5 | 9.5 | 11 | 4.4 | 5.3 | 6.9 | 6.2 | 4.1 | 2.7 | 2.2 |
| Tax | 2.6 | 3.1 | 3.3 | 2.7 | 2.3 | 2.9 | 2.4 | 2.9 | 1.3 | 0.7 | 2 | 1.3 | 1.1 | 0.9 | 0.5 |
| Net profit | 8.2 | 7.3 | 9.2 | 8.2 | 7 | 8.6 | 7.1 | 8.1 | 3.1 | 4.1 | 4.9 | 4.8 | 2.9 | 1.8 | 1.7 |
| Net margin | 2.3% | 1.9% | 2.8% | 2.5% | 2.3% | 2.5% | 2.5% | 3.0% | 1.3% | 1.7% | 2.2% | 2.4% | 1.5% | 1.4% | 0.9% |
| EPS (₹) | 0.07 | 0.06 | 0.08 | 0.07 | 0.07 | 0.09 | 0.07 | 0.33 | 0.03 | 0.04 | 0.05 | 0.05 | 0.98 | 0.72 | 2.80 |
| Net profit YoY | +17.0% | −14.6% | +30.2% | +1.0% | +127.4% | +107.9% | +43.5% | +68.4% | +6.5% | +128.7% | +186.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 1,346 | 1,136 | 870 | 689 |
| Other income | 5 | 5.5 | 7.3 | 8.1 |
| Total expenses | 1,307 | 1,105 | 854 | 686 |
| EBITDA | 66.1 | 71.8 | 55.8 | 32.5 |
| EBITDA margin | 4.9% | 6.3% | 6.4% | 4.7% |
| Finance costs | 26.5 | 39.7 | 39.4 | 26.9 |
| Depreciation | 1.5 | 1.2 | 1.1 | 2.7 |
| Profit before tax | 43.1 | 36.4 | 22.5 | 10.9 |
| Tax | 11.3 | 9.5 | 5.2 | 3 |
| Net profit | 31.8 | 26.9 | 16.8 | 7.8 |
| Net margin | 2.4% | 2.4% | 1.9% | 1.1% |
| EPS (₹) | 0.29 | 0.28 | 0.23 | 3.08 |
| Net profit YoY | +18.2% | +60.4% | +115.1% | – |
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 | −61.1 | 14.7 | −9.2 | −35.7 |
| Investing cash flow | −2.6 | −4 | 15.7 | −5.8 |
| Financing cash flow | 66.1 | −9.7 | −6.5 | 38 |
| Capital expenditure | 1.1 | 1.3 | 0.7 | 0.2 |
| Free cash flow (CFO − capex) | −62.2 | 13.4 | −9.8 | −36 |
Net profit trend
annual, ₹ croreFY23
₹7.8
FY24
₹16.8+115%
FY25
₹26.9+60%
FY26
₹31.8+18%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 31 Jul 2026 | PDF XBRL |
| Q1 FY27 | Standalone | 31 Jul 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 5 Jun 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 5 Jun 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 14 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 14 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 10 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 11 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 11 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 34.0×13.2×
P/B5Y avg 2.41×0.91×
ROEFY26, on average equity8.1%
Net margin2.4%
Debt / equity0.53×
Revenue CAGR (3Y)25.0%
Profit CAGR (3Y)59.8%
EPS (TTM)₹0.27
Market cap₹435 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.91×
vs 7-point avg 2.41× (−62%)
0.65× low2.41× avg4.38× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,089 Cr+20%
Net worth₹477 Cr+57%
Total borrowings₹251 Cr−17%
Cash & bank balances₹5 Cr+293%
Investments₹0 Cr
Inventories₹545 Cr+7%
Trade receivables₹336 Cr+36%
Trade payables₹322 Cr+39%
Change vs the same date a year earlier.
Revenue mix FY26
Domestic95.3%result ₹1,282 Cr
Export4.7%result ₹63.1 Cr
Segment revenue as reported, before inter-segment eliminations.