Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2.4 | 0.7 | 0.8 | 1 | 1 | 1.7 | 1.3 | 3.4 | 4.2 | 2.1 | 2.1 | 1.6 | 1.8 | 8.3 | 11.2 | 6.1 | 5.7 | 8.3 | 7.6 | 7.9 | 14.1 | 16.7 | 17.2 |
| Other income | 0 | 0.1 | 0 | 0 | 0.6 | 0.2 | 0.1 | 0.1 | 0.1 | 2.8 | 0.2 | 0.1 | 0.2 | 9.4 | 0.1 | 0 | 0.3 | 6.2 | 1.2 | 0 | 0 | 5.1 | 2.1 |
| Total expenses | 4.3 | 2.6 | 3 | 2.8 | 5.9 | 7.4 | 4.6 | 7.4 | 8.3 | 8.3 | 7.2 | 5 | 6.5 | 16.4 | 12 | 7.8 | 6.6 | 12.8 | 8.2 | 11.3 | 15.7 | 28.3 | 17.2 |
| EBITDA | −1.7 | −1.7 | −2 | −1.6 | −4.6 | −3.7 | −1.1 | −1.4 | −1.7 | −2.9 | −2 | −0.3 | −1.4 | −4.4 | 2.7 | 1.8 | 2.5 | −0.9 | 3 | 0.1 | 1.9 | −7.8 | 4.6 |
| EBITDA margin | -70.3% | -253.7% | -242.2% | -156.1% | -453.4% | -216.5% | -85.9% | -40.4% | -41.3% | -137.3% | -95.2% | -19.4% | -76.0% | -52.9% | 23.9% | 29.9% | 45.0% | -10.6% | 38.7% | 1.8% | 13.5% | -46.5% | 26.7% |
| Finance costs | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0.1 |
| Depreciation | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 2 | 2.1 | 2.5 | 2.3 | 3 | 3.1 | 3.1 | 3.3 | 3.5 | 3.5 | 3.5 | 3.5 | 3.6 | 3.5 | 3.5 | 3.5 | 3.9 | 4.5 |
| Profit before tax | −1.9 | −1.9 | −2.2 | −1.8 | −4.3 | −5.6 | −3.2 | −3.9 | −3.9 | −3.4 | −4.9 | −3.3 | −4.5 | 1.2 | −0.7 | −1.6 | −0.6 | 1.9 | 0.7 | −3.3 | −1.5 | −6.3 | 2.1 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 | −0.5 | 0 |
| Net profit | −1.9 | −1.9 | −2.2 | −1.8 | −4.3 | −5.6 | −3.2 | −3.9 | −3.9 | −3.4 | −4.9 | −3.3 | −4.5 | 1.2 | −0.7 | −1.6 | −0.6 | 1.6 | 0.7 | −3.3 | −1.5 | −5.8 | 2.1 |
| Net margin | -79.5% | -276.9% | -269.2% | -176.3% | -420.9% | -328.0% | -248.9% | -113.6% | -93.6% | -163.9% | -236.8% | -202.6% | -247.2% | 15.0% | -6.1% | -27.0% | -11.4% | 19.1% | 9.7% | -42.1% | -10.5% | -35.0% | 12.1% |
| EPS (₹) | -0.09 | -0.09 | -0.10 | -0.08 | -0.20 | -0.27 | -0.15 | -0.19 | -0.19 | -0.17 | -0.24 | -0.16 | -0.22 | 0.06 | -0.03 | -0.08 | -0.03 | 0.08 | 0.04 | -0.16 | -0.07 | -0.29 | 0.10 |
| Net profit YoY | +55.6% | +66.3% | +32.0% | +54.7% | −8.8% | −61.9% | +35.2% | −18.7% | +12.2% | −377.5% | −612.1% | −98.6% | −594.2% | −22.2% | −192.9% | +50.6% | +56.3% | +127.2% | −64.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 3.5 | 10.6 | 7.6 | 31.3 | 38 | 107 |
| Other income | 0.7 | 0.6 | 3.2 | 9.8 | 7.5 | 9.3 |
| Total expenses | 14.3 | 27.8 | 27 | 42.9 | 48 | 122 |
| EBITDA | −9.9 | −7.9 | −6.5 | 2.7 | 4.1 | 3.2 |
| EBITDA margin | -281.6% | -74.4% | -86.1% | 8.6% | 10.8% | 3.0% |
| Finance costs | 0.1 | 0.4 | 0.3 | 0.4 | 0.1 | 0 |
| Depreciation | 0.9 | 8.9 | 12.5 | 13.9 | 14 | 17.5 |
| Profit before tax | −10.1 | −16.6 | −16.1 | −1.8 | −2.2 | −4.5 |
| Tax | 0 | 0 | 0 | 0 | 0.3 | −0.5 |
| Net profit | −10.1 | −16.6 | −16.1 | −1.8 | −2.5 | −4 |
| Net margin | -288.5% | -156.2% | -212.0% | -5.6% | -6.5% | -3.8% |
| EPS (₹) | -0.48 | -0.79 | -0.78 | -0.09 | -0.12 | -0.20 |
| Net profit YoY | +39.1% | −2.9% | −820.8% | +29.7% | +38.2% | – |
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 | −4.1 | −5 | −10 | 36.1 | 6.9 |
| Investing cash flow | −0.1 | −0.5 | 0.3 | −15.7 | −0.1 |
| Financing cash flow | −2.8 | −0.1 | −0.3 | 0.1 | −5.9 |
| Capital expenditure | 0.2 | 0 | 0.4 | 0.5 | 0.4 |
| Free cash flow (CFO − capex) | −4.3 | −5 | −10.4 | 35.6 | 6.5 |
Net profit trend
annual, ₹ croreFY21
₹−4
FY22
₹−2.5+38%
FY23
₹−1.8+30%
FY24
₹−16.1−821%
FY25
₹−16.6−3%
FY26
₹−10.1+39%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 9 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 9 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 15 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 15 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-6.0×
P/B5Y avg 1.93×1.73×
ROEFY26, on average equity-31.4%
Net margin-288.5%
Debt / equity0.05×
Revenue CAGR (3Y)-51.8%
Profit CAGR (3Y)–
EPS (TTM)₹-0.37
Market cap₹46 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.73×
vs 8-point avg 1.93× (−11%)
0.97× low1.93× avg2.68× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹63 Cr−19%
Net worth₹27 Cr−28%
Total borrowings₹1 Cr−63%
Cash & bank balances₹2 Cr−79%
Investments₹28 Cr−2%
Inventories₹0 Cr
Trade receivables₹10 Cr−10%
Trade payables₹1 Cr+5%
Change vs the same date a year earlier.