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 | 42.1 | 59 | 42.1 | 26 | 16 | 21.5 | 3.2 | 2.2 | 8.7 | 21.1 | 16.3 | 18.3 | 16.2 | 10.2 |
| Other income | 0.6 | −0.4 | 0.1 | 0.3 | 0.6 | 0.4 | 0.7 | 0.2 | 0.4 | 0 | 0.2 | 0.4 | 0 | −0 |
| Total expenses | 30 | 40.6 | 27.1 | 15.3 | 9.4 | 13.1 | 3.6 | 1.7 | 3.6 | 10.8 | 7.5 | 7.8 | 8.8 | 12.9 |
| EBITDA | 13.4 | 19.1 | 15.5 | 11.1 | 7 | 8.5 | −0.3 | 0.7 | 5.3 | 10.4 | 9.1 | 11.1 | 7.9 | −2.3 |
| EBITDA margin | 31.9% | 32.4% | 36.8% | 42.6% | 43.8% | 39.6% | -8.6% | 29.7% | 60.3% | 49.5% | 55.7% | 60.6% | 48.6% | -22.7% |
| Finance costs | 0.7 | 0.3 | 0.1 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0.3 | 0.1 | 0.3 | 0.4 | 0.3 |
| Depreciation | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | −0.1 | 0.2 | 0.2 | 0.1 | 0 |
| Profit before tax | 12.7 | 18 | 15.1 | 11 | 7.2 | 8.8 | 0.2 | 0.8 | 5.5 | 10.3 | 9 | 10.9 | 7.4 | −2.7 |
| Tax | 3.3 | 4.7 | 4 | 2.8 | 1.8 | 2.3 | 0 | 0.5 | 1.4 | 4.7 | 2.5 | 2.8 | −0.1 | 1.7 |
| Net profit | 9.3 | 13.3 | 11.1 | 8.2 | 5.3 | 6.5 | 0.2 | 0.2 | 4.1 | 5.6 | 6.5 | 8.2 | 7.5 | −4.4 |
| Net margin | 22.2% | 22.5% | 26.4% | 31.4% | 33.4% | 30.4% | 5.9% | 10.0% | 46.8% | 26.5% | 40.0% | 44.6% | 46.1% | -42.7% |
| EPS (₹) | 0.53 | 0.76 | 0.62 | 0.46 | 0.00 | 0.38 | 0.01 | 0.01 | 0.24 | 0.00 | 3.77 | 4.72 | 4.40 | -2.50 |
| Net profit YoY | +75.3% | +103.2% | +5852.5% | +3544.0% | +30.2% | +17.0% | −97.1% | −97.3% | −45.3% | +228.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 143 | 35.6 | 72 | 61.8 |
| Other income | 0.6 | 1.7 | 0.6 | 0.2 |
| Total expenses | 92.4 | 22 | 35 | 34.6 |
| EBITDA | 52.9 | 14.2 | 38.6 | 29.5 |
| EBITDA margin | 37.0% | 39.8% | 53.5% | 47.8% |
| Finance costs | 0.7 | 0.1 | 1.1 | 2.1 |
| Depreciation | 1.7 | 0.4 | 0.4 | 0.2 |
| Profit before tax | 51.2 | 15.3 | 37.7 | 27.4 |
| Tax | 13.3 | 4.3 | 9.9 | 6.3 |
| Net profit | 37.9 | 11 | 27.8 | 21.1 |
| Net margin | 26.5% | 31.0% | 38.6% | 34.2% |
| EPS (₹) | 2.15 | 0.64 | 0.00 | 12.21 |
| Net profit YoY | +243.4% | −60.3% | +31.5% | – |
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 | −5.9 | −4.7 | 0.3 | 7.2 |
| Investing cash flow | −4.6 | −34.6 | −1.6 | −0.8 |
| Financing cash flow | 14.3 | 34.9 | 6.1 | −6.2 |
| Capital expenditure | 8.8 | 26.3 | 0.9 | 0.2 |
| Free cash flow (CFO − capex) | −14.7 | −31.1 | −0.6 | 6.9 |
Net profit trend
annual, ₹ croreFY23
₹21.1
FY24
₹27.8+31%
FY25
₹11−60%
FY26
₹37.9+243%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 27 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 27 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 33.2×9.7×
P/B5Y avg 17.44×3.70×
ROEFY26, on average equity42.3%
Net margin26.5%
Debt / equity0.75×
Revenue CAGR (3Y)32.3%
Profit CAGR (3Y)21.5%
EPS (TTM)₹2.42
Market cap₹408 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.70×
vs 7-point avg 17.44× (−79%)
2.91× low17.44× avg29.51× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹263 Cr+42%
Net worth₹110 Cr+61%
Total borrowings₹83 Cr+14%
Cash & bank balances₹5 Cr+355%
Investments₹4 Cr−59%
Inventories₹164 Cr+24%
Trade receivables₹37 Cr+775%
Trade payables₹36 Cr+182%
Change vs the same date a year earlier.
Revenue mix FY26
Real Estate62.1%result ₹41.2 Cr
Solar Unit37.9%result ₹10.5 Cr
Segment revenue as reported, before inter-segment eliminations.