Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 841 | 830 | 1,061 | 1,312 | 624 | 529 | 928 | 567 | 596 | 507 | 741 | 481 | 571 | 465 | 812 | 537 | 580 | 431 | 763 | 456 | 194 | 366 | 623 | 273 | 79.5 | 343 | 645 | 393 | 430 | 0 | 0 |
| Other income | 1.7 | 1.7 | 2.1 | 3.6 | 1.7 | 1.3 | 0.8 | 1.2 | 1 | 2.1 | 1.6 | 1.1 | 1 | 0.8 | 0.8 | 1 | 2.3 | 2 | 1.5 | 2.4 | 1.9 | 3.4 | 2.1 | 2.4 | 4.4 | 1.1 | 0.8 | 1.1 | 1.1 | 0 | 0 |
| Total expenses | 796 | 741 | 955 | 1,244 | 596 | 517 | 887 | 551 | 574 | 493 | 714 | 470 | 557 | 452 | 786 | 530 | 579 | 430 | 739 | 448 | 209 | 358 | 572 | 253 | 111 | 342 | 625 | 393 | 426 | 0 | 0 |
| EBITDA | 72.3 | 112 | 131 | 117 | 53.1 | 36.2 | 60.1 | 35.2 | 41.4 | 31.4 | 45.9 | 29.7 | 32.4 | 30.9 | 44.1 | 22.8 | 18.4 | 16.8 | 39.2 | 21.6 | −1.4 | 21.5 | 68.5 | 41.6 | −9.7 | 23.1 | 41.1 | 21.8 | 26.4 | 0 | 0 |
| EBITDA margin | 8.6% | 13.5% | 12.4% | 8.9% | 8.5% | 6.8% | 6.5% | 6.2% | 6.9% | 6.2% | 6.2% | 6.2% | 5.7% | 6.7% | 5.4% | 4.3% | 3.2% | 3.9% | 5.1% | 4.7% | -0.7% | 5.9% | 11.0% | 15.2% | -12.2% | 6.7% | 6.4% | 5.5% | 6.1% | – | – |
| Finance costs | 18.8 | 15.9 | 18.5 | 34.2 | 17.7 | 17 | 13.2 | 13.1 | 12.8 | 12.9 | 12.5 | 12.5 | 11.9 | 11.6 | 11.4 | 10.1 | 11.6 | 9.4 | 9.6 | 8.5 | 8 | 7.8 | 10.9 | 14.2 | 15 | 14.2 | 13.3 | 14.5 | 14.1 | 0 | 0 |
| Depreciation | 8.6 | 8.1 | 6.2 | 15.1 | 7.4 | 7 | 6.1 | 6.1 | 6.2 | 5.3 | 5.9 | 6.2 | 6.3 | 6.3 | 6.3 | 6.2 | 5.7 | 5.4 | 5.7 | 5.7 | 5.7 | 5.5 | 6.7 | 7.3 | 7 | 8.6 | 8 | 7.5 | 8.1 | 0 | 0 |
| Profit before tax | 46.6 | 90.1 | 108 | 71.7 | 29.8 | 13.6 | 41.6 | 17.2 | 23.4 | 15.2 | 29.1 | 12.1 | 15.2 | 13.8 | 27.3 | 7.5 | 3.5 | 4 | 25.3 | 9.8 | −13.2 | 11.5 | 53 | 22.5 | −27.2 | 1.3 | 20.6 | 0.9 | 5.3 | 0 | 0 |
| Tax | 12.7 | 22.5 | 27.9 | 17.6 | 7.3 | 4.1 | 11.7 | 5.2 | 6.3 | 2.6 | 7.6 | 3.1 | 3.8 | 2 | 6.7 | 2 | 1 | 0.4 | 6.3 | 2.5 | −3.4 | 2.2 | 13 | 7.9 | −6.6 | −1.5 | 6 | 0.4 | 1.8 | 0 | 0 |
| Net profit | 33.9 | 67.6 | 80.6 | 54 | 22.5 | 9.5 | 29.9 | 12 | 17 | 12.6 | 21.4 | 9 | 11.4 | 11.7 | 20.6 | 5.5 | 2.4 | 3.6 | 19 | 7.4 | −9.8 | 9.4 | 40 | 14.5 | −20.7 | 2.8 | 14.6 | 0.5 | 3.5 | 0 | 0 |
| Net margin | 4.0% | 8.2% | 7.6% | 4.1% | 3.6% | 1.8% | 3.2% | 2.1% | 2.9% | 2.5% | 2.9% | 1.9% | 2.0% | 2.5% | 2.5% | 1.0% | 0.4% | 0.8% | 2.5% | 1.6% | -5.1% | 2.6% | 6.4% | 5.3% | -26.0% | 0.8% | 2.3% | 0.1% | 0.8% | – | – |
| EPS (₹) | 5.08 | 10.14 | 12.08 | 8.10 | 3.37 | 1.42 | 4.48 | 1.79 | 2.55 | 1.89 | 3.21 | 1.35 | 1.71 | 1.76 | 3.08 | 0.82 | 0.37 | 0.54 | 2.85 | 1.10 | -1.47 | 1.40 | 6.00 | 2.18 | -3.10 | 0.42 | 2.18 | 0.08 | 0.52 | 0.00 | 1.06 |
| Net profit YoY | +50.8% | +612.6% | +169.9% | +351.3% | +32.0% | −24.7% | +39.4% | +32.8% | +50.0% | +7.5% | +4.3% | +64.7% | +365.8% | +225.6% | +8.0% | −25.6% | +124.9% | −61.5% | −52.5% | −49.3% | +52.6% | +230.3% | +175.1% | +2673.7% | −690.2% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,203 | 2,620 | 2,299 | 2,394 | 1,844 | 1,342 | 1,810 | 1,764 | 1,756 |
| Other income | 7.3 | 4.4 | 5.8 | 5 | 7.8 | 12.3 | 4 | 4.2 | 6 |
| Total expenses | 2,940 | 2,529 | 2,233 | 2,347 | 1,826 | 1,295 | 1,786 | 1,745 | 1,730 |
| EBITDA | 361 | 173 | 139 | 116 | 76.3 | 122 | 112 | 75.5 | 74.5 |
| EBITDA margin | 11.3% | 6.6% | 6.1% | 4.9% | 4.1% | 9.1% | 6.2% | 4.3% | 4.2% |
| Finance costs | 68.6 | 56.1 | 49.8 | 44.8 | 35.6 | 47.8 | 56.1 | 46.4 | 39.7 |
| Depreciation | 29.3 | 25.4 | 23.7 | 24.5 | 22.5 | 26.6 | 32.3 | 10.2 | 8.8 |
| Profit before tax | 270 | 95.8 | 71.6 | 52 | 25.9 | 59.8 | 28.1 | 23.1 | 32 |
| Tax | 68 | 27.4 | 17.2 | 11.9 | 5.8 | 16.5 | 6.6 | 7.6 | 10.7 |
| Net profit | 202 | 68.4 | 54.4 | 40.2 | 20.2 | 43.3 | 21.4 | 15.6 | 21.3 |
| Net margin | 6.3% | 2.6% | 2.4% | 1.7% | 1.1% | 3.2% | 1.2% | 0.9% | 1.2% |
| EPS (₹) | 30.32 | 10.25 | 8.16 | 6.02 | 3.02 | 6.48 | 3.21 | 2.33 | 3.19 |
| Net profit YoY | +195.8% | +25.7% | +35.4% | +99.1% | −53.4% | +102.0% | +37.6% | −26.8% | – |
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 | 29.7 | −26.9 | 39.7 | 93.2 | −66.2 |
| Investing cash flow | −10.1 | −45 | −6.6 | −6.6 | −2.1 |
| Financing cash flow | −17.4 | 84.9 | −29.2 | −86.7 | 70.8 |
| Capital expenditure | 14.1 | 12 | 9.5 | 7.7 | 1.1 |
| Free cash flow (CFO − capex) | 15.6 | −38.8 | 30.2 | 85.4 | −67.3 |
Net profit trend
annual, ₹ croreFY21
₹43.3
FY22
₹20.2−53%
FY23
₹40.2+99%
FY24
₹54.4+35%
FY25
₹68.4+26%
FY26
₹202+196%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 11 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 11 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 | 21 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 21 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 11.1×18.5×
P/B5Y avg 1.48×5.22×
ROEFY26, on average equity27.1%
Net margin6.3%
Debt / equity0.94×
Revenue CAGR (3Y)10.2%
Profit CAGR (3Y)71.4%
EPS (TTM)₹35.40
Market cap₹4,375 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
5.22×
vs 8-point avg 1.48× (+253%)
0.73× low1.48× avg5.22× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,102 Cr+19%
Net worth₹838 Cr+28%
Total borrowings₹786 Cr+12%
Cash & bank balances₹27 Cr+9%
Investments₹0 Cr+8%
Inventories₹1,773 Cr+21%
Trade receivables₹3 Cr−14%
Trade payables₹170 Cr+5%
Change vs the same date a year earlier.