Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q1 FY22
| ₹ 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 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 75.1 | 119 | 91.8 | 72 | 83.6 | 97.5 | 97.1 | 88.9 | 78.8 | 82.3 | 88.2 | 72 | 83.8 | 85.2 | 85 | 51.7 | 82.2 | 70.6 | 79.8 | 51.2 |
| Other income | 0.6 | 4.4 | 1.3 | 2.4 | 1.8 | 0.4 | 0.7 | 0.1 | 0.3 | 1 | 0.3 | 0.1 | 0.4 | 0.2 | 0.2 | 0 | 0.3 | 0.3 | 0.3 | 0.3 |
| Total expenses | 86.4 | 123 | 93.8 | 71 | 80.2 | 90.2 | 90.8 | 82.8 | 75 | 79.3 | 84.9 | 67.7 | 80.6 | 80.8 | 86 | 54.1 | 78.9 | 71.7 | 79.9 | 51.4 |
| EBITDA | 4.7 | 10.4 | 8.3 | 9.3 | 11.3 | 14.9 | 13.9 | 13.1 | 10.2 | 9.6 | 9.8 | 10.4 | 9.5 | 10.8 | 5.5 | 3.6 | 9.2 | 4.4 | 5.3 | 5.2 |
| EBITDA margin | 6.3% | 8.8% | 9.0% | 13.0% | 13.6% | 15.3% | 14.3% | 14.8% | 13.0% | 11.6% | 11.1% | 14.5% | 11.3% | 12.7% | 6.5% | 7.0% | 11.1% | 6.2% | 6.6% | 10.2% |
| Finance costs | 7.2 | 6.7 | 4.7 | 4.7 | 4.7 | 4.5 | 4 | 3.7 | 3.4 | 3.3 | 3.3 | 3.2 | 3.4 | 3.3 | 3.5 | 3.1 | 2.7 | 2.7 | 3 | 3.1 |
| Depreciation | 8.8 | 7.8 | 5.5 | 3.7 | 3.4 | 3.2 | 3.6 | 3.2 | 3 | 3.2 | 3.1 | 3 | 2.8 | 3.1 | 3 | 2.9 | 3.1 | 2.8 | 2.4 | 2.4 |
| Profit before tax | −10.7 | 0.3 | −1.2 | 3.3 | 5.1 | 7.7 | 7 | 6.2 | 4.1 | 4 | 3.6 | 4.4 | 3.6 | 4.6 | −0.8 | −2.4 | 3.6 | −0.9 | 0.3 | 0.1 |
| Tax | −0.6 | −0.1 | 0.3 | 1 | 1.8 | 4.1 | 1.1 | 2.1 | 1.1 | 0.8 | 1 | 1.2 | 1.2 | 1.2 | −0.7 | −0.6 | 1.7 | 0.2 | −0.1 | −0.1 |
| Net profit | −10.1 | 0.4 | −1.5 | 2.4 | 3.4 | 3.8 | 5.9 | 4.2 | 3 | 3.3 | 2.6 | 3.2 | 2.5 | 3.4 | −0.1 | −1.8 | 1.9 | −1.1 | 0.4 | 0.2 |
| Net margin | -13.5% | 0.3% | -1.6% | 3.3% | 4.0% | 3.9% | 6.1% | 4.7% | 3.7% | 4.0% | 3.0% | 4.5% | 3.0% | 4.0% | -0.1% | -3.4% | 2.3% | -1.5% | 0.5% | 0.4% |
| EPS (₹) | -6.51 | 0.26 | -0.96 | 1.52 | 2.17 | 2.53 | 3.84 | 2.94 | 2.09 | 2.30 | 1.85 | 2.27 | 1.76 | 2.43 | -0.05 | -1.25 | 1.36 | -0.76 | 0.27 | 0.14 |
| Net profit YoY | −399.3% | −89.3% | −125.0% | −43.2% | +14.4% | +17.9% | +127.4% | +29.7% | +18.6% | −5.2% | – | +4414.0% | +240.8% | +78.8% | −119.2% | −1008.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 366 | 362 | 326 | 290 | 284 |
| Other income | 10 | 1.4 | 1.8 | 0.4 | 1.1 |
| Total expenses | 368 | 339 | 312 | 289 | 282 |
| EBITDA | 39.4 | 52.3 | 39.3 | 26.3 | 24.1 |
| EBITDA margin | 10.7% | 14.4% | 12.0% | 9.1% | 8.5% |
| Finance costs | 20.8 | 15.7 | 13.3 | 14.1 | 11.5 |
| Depreciation | 20.3 | 13 | 12.1 | 12 | 10.6 |
| Profit before tax | 7.6 | 25 | 15.7 | 0.7 | 3.1 |
| Tax | 2.9 | 8.4 | 4.1 | −0.2 | 1.6 |
| Net profit | 4.7 | 16.9 | 11.6 | 0.9 | 1.4 |
| Net margin | 1.3% | 4.7% | 3.5% | 0.3% | 0.5% |
| EPS (₹) | 3.00 | 11.14 | 8.18 | 0.61 | 1.01 |
| Net profit YoY | −72.4% | +46.1% | +1233.0% | −39.3% | – |
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 | 19.3 | −16.4 | 37.7 | 25.7 | 28.1 |
| Investing cash flow | −94.4 | −86.7 | −19.1 | −13.8 | −25.1 |
| Financing cash flow | 73.6 | 101 | −14.8 | −11.7 | −5 |
| Capital expenditure | 138 | 82.7 | 19.2 | 10.4 | 26.4 |
| Free cash flow (CFO − capex) | −119 | −99 | 18.4 | 15.3 | 1.7 |
Net profit trend
annual, ₹ croreFY22
₹1.4
FY23
₹0.9−39%
FY24
₹11.6+1233%
FY25
₹16.9+46%
FY26
₹4.7−72%
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 | 20 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 20 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 9 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 9 May 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | – | PDF XBRL |
| Q3 FY25 | Standalone | 6 Feb 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 112.7×-113.1×
P/B5Y avg 8.11×8.99×
ROEFY26, on average equity4.3%
Net margin1.3%
Debt / equity2.25×
Revenue CAGR (3Y)8.1%
Profit CAGR (3Y)75.1%
EPS (TTM)₹-5.68
Market cap₹998 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
8.99×
vs 8-point avg 8.11× (+11%)
5.19× low8.11× avg12.13× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹473 Cr+38%
Net worth₹111 Cr+3%
Total borrowings₹250 Cr+61%
Cash & bank balances₹0 Cr−81%
Investments₹0 Cr−100%
Inventories₹63 Cr+17%
Trade receivables₹65 Cr+14%
Trade payables₹71 Cr+19%
Change vs the same date a year earlier.