Quarterly results
consolidated · 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 | Q3 FY23 | Q2 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 167 | 134 | 131 | 124 | 117 | 108 | 85.9 | 83.5 | 105 | 98.3 | 84.2 | 96.7 | 114 | 125 | 121 | 90.1 | 98.5 | 105 | 124 | 107 |
| Other income | 2.8 | −0.3 | 1.7 | 1 | 1.2 | 0.7 | 0 | 0.4 | 1.2 | 4.5 | 1.2 | 0.8 | 1 | 0.8 | 1.5 | 1.5 | 0.4 | 4.7 | 2.8 | 3 |
| Total expenses | 147 | 117 | 115 | 111 | 109 | 107 | 86.2 | 84.9 | 99.8 | 89.1 | 80.2 | 86.2 | 102 | 114 | 108 | 82.6 | 79.9 | 83.9 | 91 | 85.5 |
| EBITDA | 32.3 | 28.1 | 25.5 | 22.2 | 17.3 | 9 | 7.1 | 5.6 | 12.6 | 15.6 | 11 | 20.2 | 21.3 | 16.3 | 17.9 | 11.2 | 22 | 23.8 | 35.9 | 25.8 |
| EBITDA margin | 19.3% | 21.0% | 19.4% | 18.0% | 14.8% | 8.3% | 8.2% | 6.7% | 12.0% | 15.9% | 13.1% | 20.9% | 18.7% | 13.1% | 14.9% | 12.4% | 22.3% | 22.7% | 29.0% | 24.2% |
| Finance costs | 2.1 | 1.4 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.2 | 0.3 | 0.2 | 0.4 | 3 | 2.9 | 3.2 | 2.8 | 1.4 | 1.2 | 1 | 1.2 | 2.6 |
| Depreciation | 10.6 | 9.8 | 9.1 | 9.1 | 9 | 7.3 | 6.9 | 6.8 | 6.7 | 6.2 | 6.6 | 6.8 | 6 | 2.5 | 2.4 | 2.3 | 2.1 | 2.1 | 2.1 | 1.9 |
| Profit before tax | 21.1 | 16.6 | 17.7 | 13.7 | 9.1 | 2 | −0.2 | −1 | 6.8 | 13.7 | 5.2 | 11.2 | 13.4 | 7.8 | 14.2 | 9.1 | 19 | 25.5 | 35.4 | 24.3 |
| Tax | 5.1 | 6.3 | 2.5 | 3.7 | 2.5 | 1 | −0.4 | −0.4 | 1.6 | 4.1 | 1.8 | 3.4 | 3.9 | −9.2 | 2.6 | 1.9 | 1.5 | 2.7 | 3 | 1.1 |
| Net profit | 16 | 10.3 | 15.2 | 9.9 | 6.7 | 1 | 0.1 | −0.7 | 5.2 | 9.6 | 3.5 | 7.8 | 9.5 | 17 | 11.6 | 7.1 | 17.5 | 22.8 | 32.4 | 23.1 |
| Net margin | 9.6% | 7.7% | 11.5% | 8.0% | 5.7% | 1.0% | 0.2% | -0.8% | 4.9% | 9.8% | 4.1% | 8.0% | 8.3% | 13.6% | 9.6% | 7.9% | 17.8% | 21.8% | 26.2% | 21.7% |
| EPS (₹) | 6.83 | 4.41 | 6.49 | 4.24 | 2.84 | 0.44 | 0.06 | -0.29 | 2.23 | 4.11 | 1.48 | 3.43 | 4.29 | 7.65 | 5.24 | 3.21 | 7.90 | 10.29 | 15.02 | 11.52 |
| Net profit YoY | +140.3% | +902.0% | +10889.1% | +1593.5% | +27.7% | −89.3% | −96.0% | −108.5% | −45.2% | −43.3% | −70.3% | +9.4% | – | −3.2% | −49.0% | −78.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 506 | 383 | 394 | 424 | 434 |
| Other income | 3.5 | 2.3 | 7.5 | 5.7 | 8.9 |
| Total expenses | 452 | 377 | 357 | 381 | 338 |
| EBITDA | 93.2 | 34.2 | 68.2 | 60.6 | 108 |
| EBITDA margin | 18.4% | 8.9% | 17.3% | 14.3% | 25.0% |
| Finance costs | 2.9 | 1.3 | 6.5 | 8.4 | 4.8 |
| Depreciation | 36.8 | 27.7 | 25.6 | 9.6 | 8.2 |
| Profit before tax | 57 | 7.6 | 43.6 | 44.8 | 104 |
| Tax | 15 | 1.9 | 13.2 | −0.7 | 8.2 |
| Net profit | 42.1 | 5.7 | 30.4 | 45.5 | 95.9 |
| Net margin | 8.3% | 1.5% | 7.7% | 10.7% | 22.1% |
| EPS (₹) | 17.98 | 2.44 | 13.26 | 20.52 | 44.59 |
| Net profit YoY | +636.1% | −81.2% | −33.3% | −52.6% | – |
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 | 31.5 | 24.7 | 98 | 27.8 | 20.4 |
| Investing cash flow | −116 | −65.3 | −121 | −101 | −197 |
| Financing cash flow | 78.9 | 16.6 | 30.5 | 37.8 | 235 |
| Capital expenditure | 114 | 76.3 | 129 | 203 | 89.2 |
| Free cash flow (CFO − capex) | −82.3 | −51.6 | −30.5 | −175 | −68.8 |
Net profit trend
annual, ₹ croreFY22
₹95.9
FY23
₹45.5−53%
FY24
₹30.4−33%
FY25
₹5.7−81%
FY26
₹42.1+636%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 17 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 17 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 16 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 16 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 21 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 21 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 31 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 31 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 24 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 24 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 126.2×81.6×
P/B5Y avg 5.00×5.37×
ROEFY26, on average equity5.5%
Net margin8.3%
Debt / equity0.15×
Revenue CAGR (3Y)6.1%
Profit CAGR (3Y)-2.6%
EPS (TTM)₹21.97
Market cap₹4,195 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.37×
vs 8-point avg 5.00× (+7%)
2.14× low5.00× avg12.12× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,004 Cr+20%
Net worth₹782 Cr+6%
Total borrowings₹120 Cr+231%
Cash & bank balances₹6 Cr−49%
Investments₹4 Cr
Inventories₹196 Cr+46%
Trade receivables₹119 Cr+44%
Trade payables₹58 Cr+78%
Change vs the same date a year earlier.