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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17

₹ 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	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY19	Q4 FY17
Revenue from operations	193	9.7	7.7	6.4	10.5	8.8	7.7	4.5	6.8	6.9	5.3	5.9	8.8	5.1	3.7	3.6	8.8	430	3.5	2.1	3	2.8	3.4	1.9	5	4	3.9	0
Other income	0.5	−1.3	0.9	−2.3	3	0.2	−2.5	2.8	2.3	8.5	1.7	0	1.4	0.9	31.2	6.7	6.3	4.8	0.8	13	5.9	14.6	7.5	3.6	−19.1	4.9	0.7	0
Total expenses	108	15.6	13.3	10.7	14.5	13.4	10.8	9.4	10.5	11	9.6	10.7	13	11.1	10.7	8.9	12	220	8.5	7.2	6.8	11.2	11.9	8.1	11.6	11.8	10.9	0
EBITDA	86.3	−4	−4.1	−2.8	−2.6	−3.5	−2	−3.7	−2.4	−2.7	−2.9	−3.2	−2.7	−4.5	−2.9	−3.9	−1.1	213	−3.5	−3.7	−2.1	−4.2	−4.2	−1.9	−2.3	−3.4	−2.7	0
EBITDA margin	44.8%	-40.7%	-53.3%	-44.5%	-25.2%	-39.2%	-25.5%	-82.0%	-34.6%	-39.1%	-53.9%	-54.3%	-30.9%	-88.8%	-77.3%	-107.6%	-12.6%	49.4%	-101.4%	-178.7%	-68.5%	-152.1%	-123.4%	-101.3%	-45.8%	-85.6%	-68.0%	–
Finance costs	0.6	1.2	0.8	0.8	0.7	0.4	0.5	0.5	0.7	0.7	0.8	0.8	0.8	0.8	3.5	0.7	1.5	1.5	0.8	0.9	1.1	3.4	3.4	3.4	3.5	3.5	3.7	0
Depreciation	0.7	0.7	0.6	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.6	0.6	0.6	0.6	0.6	0.6	0.8	0.8	0.8	0.8	0.9	0.7	0
Profit before tax	85.4	−7.2	−4.6	−6.7	−1	−4.4	−5.6	−2.1	−1.4	4.4	−2.6	−4.7	−2.8	−5.1	24.2	1.4	3.1	215	−4.2	7.9	2.1	6.1	−1.1	−2.6	−25.7	−2.9	−6.3	0
Tax	5	−0	0	0	0	0.1	−0	0	0	−5.6	0	0	0	0.5	1.5	0	0	36.5	0	0	0	0	0	0	−2	0	0	0
Net profit	80.4	−7.2	−4.6	−6.7	−1	−4.5	−5.6	−2.1	−1.4	10	−2.6	−4.7	−2.8	−5.6	22.7	1.4	3.1	179	−4.2	7.9	2.1	6.1	−1.1	−2.6	−23.7	−2.9	−6.3	0
Net margin	41.7%	-74.2%	-59.7%	-104.2%	-9.7%	-50.4%	-72.8%	-45.5%	-20.2%	144.7%	-49.7%	-79.2%	-31.7%	-109.5%	613.1%	39.8%	35.4%	41.6%	-120.5%	381.1%	68.3%	221.7%	-31.1%	-135.8%	-474.5%	-73.3%	-162.2%	–
EPS (₹)	12.50	-1.12	-0.72	-1.03	-0.16	-0.69	-0.87	-0.32	-0.21	1.55	-0.41	-0.73	-0.43	-0.87	3.53	0.22	0.48	27.81	-0.66	1.22	0.32	0.95	-0.17	-0.40	-3.68	-0.46	-0.99	0.00
Net profit YoY	+7982.1%	−62.0%	+17.8%	−222.7%	+26.1%	−144.6%	−113.7%	+56.2%	+50.4%	+278.1%	−111.6%	−425.4%	−189.5%	−103.1%	+638.6%	−81.6%	+50.5%	–	−168.7%	+839.6%	+180.3%	+310.1%	–	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY20	FY17
Revenue from operations	34.3	27.9	26.9	21.2	439	21.2	13.7
Other income	0.2	2.7	11.6	45.2	24.6	−13.1	38.8
Total expenses	54.1	44.1	44.2	42.8	242	50.3	37.9
EBITDA	−13.6	−11.5	−11.5	−12.4	203	−11.1	−15.1
EBITDA margin	-39.5%	-41.2%	-42.7%	-58.5%	46.3%	-52.4%	-110.5%
Finance costs	3.5	2	3.1	6.5	4.4	14.9	8.2
Depreciation	2.7	2.7	2.7	2.6	2.4	3	0.9
Profit before tax	−19.5	−13.4	−5.7	23.7	221	−42.1	14.6
Tax	−0	0.1	−5.6	2	36.5	−2	3.4
Net profit	−19.5	−13.5	−0.1	21.7	185	−40.1	11.2
Net margin	-56.8%	-48.4%	-0.5%	102.0%	42.1%	-189.0%	82.2%
EPS (₹)	-3.03	-2.10	-0.02	3.37	28.71	-6.24	1.75
Net profit YoY	−44.4%	−10212.7%	−100.6%	−88.3%	–	–	–

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	42.6	0.6	−5.6	−106	60.4
Investing cash flow	−20.6	15.4	21.2	59.7	−16.2
Financing cash flow	−21	−18.7	−14.3	−22.5	−31.7
Capital expenditure	56.5	1.9	1.4	7.9	38
Free cash flow (CFO − capex)	−13.9	−1.2	−7	−114	22.4

Net profit trend

annual, ₹ crore

FY20

₹−40.1

FY22

₹185+560%

FY23

₹21.7−88%

FY24

₹−0.1−101%

FY25

₹−13.5−10213%

FY26

₹−19.5−44%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	10 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	10 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	12 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	12 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	3 Nov 2025	PDF XBRL
Q2 FY26	Standalone	3 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	1 Aug 2025	PDF XBRL
Q1 FY26	Standalone	1 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY262.47 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 7.6×1.7×

P/B5Y avg 1.05×0.94×

ROEFY26, on average equity-16.6%

Net margin-56.8%

Debt / equity0.00×

Revenue CAGR (3Y)17.4%

Profit CAGR (3Y)–

EPS (TTM)₹9.62

Market cap₹108 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

0.94×

vs 8-point avg 1.05× (−11%)

0.66× low1.05× avg1.38× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹192 Cr+28%

Net worth₹115 Cr−4%

Total borrowings₹0 Cr−100%

Cash & bank balances₹3 Cr+75%

Investments₹35 Cr−31%

Inventories₹2 Cr−35%

Trade receivables₹43 Cr−2%

Trade payables₹6 Cr−8%

Change vs the same date a year earlier.

Revenue mix FY26

Trading89.4%result ₹1.4 Cr

Manufacturing10.6%result ₹−1.9 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	20.31	20.31	20.31	20.31	20.31	20.31	20.31	20.31	20.31	20.31	20.31	20.31
FII	38.86	38.86	38.86	38.86	38.86	38.86	38.86	38.86	38.86	38.86	38.86	38.86
DII	3.97	4.05	4.05	4.05	4.05	4.05	4.05	4.05	4.05	4.05	4.05	4.05
of which MF	0.10	0.10	0.10	0.10	0.10	–	–	–	–	–	–	–
Retail	31.45	31.38	31.36	31.33	31.38	31.44	31.77	31.86	31.81	31.94	32.01	32.20
Other public	5.41	5.40	5.42	5.45	5.40	5.34	5.01	4.92	4.97	4.84	4.77	4.58

45,134 shareholders · NSE shareholding pattern filings.