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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q3 FY19

₹ 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	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19
Revenue from operations	67.6	41.9	33.8	33.9	8.6	9.6	6.4	6.3	6	6.4	6.4	6	17.8	17.6	17.2	16.7	16.3	15.2	13.6	13.3	15	14.6	14.1	10.5	18.1	12.1	14.6	13.7	26.6	18.8
Other income	0.8	3.2	1.1	3.8	0.2	0.9	0.3	1.2	0.9	−0.9	0.4	0.6	1.5	−0.5	0.7	0.5	0.5	0.4	0.7	0.5	0.5	0.6	0.2	0.4	1.8	2	1.8	−1.6	0.9	−3.4
Total expenses	63	41.8	33	32.9	7.8	8.8	5.8	6.1	5.8	7.5	4.6	4.9	14.7	106	12.8	12.7	14	11.6	10.5	10.3	12.3	10.9	10.9	9.1	18.9	10.5	13.9	11	26.5	14.7
EBITDA	6.7	1.4	2.1	2.2	1.8	1.7	1.6	1.2	1.3	−0.1	2.7	2.6	4.8	0.6	4.8	4.6	3	4.2	3.8	3.7	3.4	4.8	4	2.2	0.4	3.4	2.8	3.5	4	4.9
EBITDA margin	9.8%	3.4%	6.2%	6.5%	20.4%	17.9%	25.3%	19.4%	21.3%	-1.2%	42.9%	42.7%	27.0%	3.6%	28.1%	27.3%	18.5%	27.9%	27.9%	27.6%	22.4%	33.1%	28.5%	20.7%	2.5%	27.6%	19.1%	25.8%	15.1%	26.2%
Finance costs	0.8	0.3	0.3	0.2	0	−0	0	0	0.1	0	0	0.4	0.6	1.5	0.2	0.3	0.6	0.3	0.3	0.4	0.3	0.6	0.5	0.5	1	1.5	1.9	0.6	3.7	0.6
Depreciation	1.2	1	1	1	0.9	1	1	1	0.9	0.9	0.9	1.1	1.1	87.9	0.3	0.3	0.1	0.4	0.4	0.4	0.4	0.6	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Profit before tax	5.4	3.2	1.5	4.9	1	1.7	0.9	1.4	1.2	11.8	2	0.5	4.6	−315	5	4.6	2.7	4	3.8	3.4	3.2	4.3	3.4	1.8	1	3.6	2.5	1.1	1	0.7
Tax	0.6	−0	0.3	1.3	0.3	1.1	0.2	0.3	0.3	0.7	0.4	0	0.7	−5	1.2	1.1	1	0.7	0.4	0.6	−0.2	1.1	0.5	0.2	−0.4	0.7	0.8	0.2	0.4	−0.2
Net profit	4.8	3.2	1.2	3.6	0.7	0.6	0.7	1.1	0.9	10.3	1.6	3.9	3.9	−310	3.9	3.4	1.7	3.3	3.3	2.8	3.4	3.2	2.9	1.6	1.5	2.9	1.8	0.8	0.6	0.9
Net margin	7.1%	7.7%	3.6%	10.5%	7.8%	6.4%	10.3%	17.4%	15.1%	160.9%	24.7%	64.1%	22.2%	-1765.7%	22.6%	20.6%	10.5%	22.0%	24.3%	21.3%	22.7%	22.0%	20.6%	14.8%	8.1%	23.6%	12.1%	6.1%	2.3%	4.7%
EPS (₹)	2.00	1.35	0.51	1.52	0.46	0.42	0.46	0.76	0.63	7.63	1.24	0.40	3.33	-262.27	3.29	2.91	1.45	2.83	2.80	2.39	2.88	2.73	2.47	1.31	1.25	2.43	1.49	0.77	0.97	0.75
Net profit YoY	+614.7%	+427.3%	+82.4%	+224.1%	−26.7%	−94.1%	−57.8%	−71.5%	−76.8%	+103.3%	–	−0.6%	+14.3%	−18142.9%	+17.3%	+22.0%	−49.5%	+3.7%	+13.6%	+81.8%	+130.7%	+12.5%	+65.3%	+86.7%	+138.8%	+222.1%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from operations	142	28.4	22.8	68.7	58.4	54.2	58.5	77.2
Other income	8.3	3.3	1.7	0.6	2	1.7	4	6.2
Total expenses	140	26.5	21.9	145	46.5	43.2	54.3	68
EBITDA	7.8	5.9	6.1	15	14.7	14.4	10.1	16.1
EBITDA margin	5.5%	20.6%	26.5%	21.8%	25.2%	26.5%	17.3%	20.9%
Finance costs	1.1	0.1	1	2.2	1.6	1.9	4.9	5.9
Depreciation	4	3.8	4.1	88.7	1.2	1.4	1	1
Profit before tax	10.6	5.2	15	−301	13.9	12.7	8.2	15.5
Tax	2	1.9	0.9	−1.8	2.7	1.6	1.3	3.2
Net profit	8.7	3.3	19.7	−299	11.2	11.1	6.9	12.3
Net margin	6.1%	11.6%	86.3%	-435.1%	19.2%	20.5%	11.9%	15.9%
EPS (₹)	3.68	2.27	11.04	-253.15	9.48	9.39	5.87	11.21
Net profit YoY	+163.5%	−83.3%	+106.6%	−2771.2%	+0.9%	+59.9%	−43.5%	–

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	−6.5	6.3	−123	18.6	11.3
Investing cash flow	−52.5	−1.8	137	−10	0.1
Financing cash flow	64.6	−1.9	−13.8	−7.7	−11.2
Capital expenditure	0.2	0	3.4	0.4	0.7
Free cash flow (CFO − capex)	−6.7	6.3	−126	18.1	10.6

Net profit trend

annual, ₹ crore

FY21

₹11.1

FY22

₹11.2+1%

FY23

₹−299−2771%

FY24

₹19.7+107%

FY25

₹3.3−83%

FY26

₹8.7+164%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	4 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	4 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	21 May 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	–	PDF on NSE XBRL
Q4 FY26	Standalone · audited	21 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	–	PDF on NSE XBRL
Q3 FY26	Consolidated	13 Feb 2026	PDF XBRL
Q3 FY26	Standalone	13 Feb 2026	PDF XBRL
Q2 FY26	Consolidated	15 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	15 Nov 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2623.77 MB FY252.18 MB FY24 FY23 FY22 FY21 FY20 FY19

Key ratios

P/E (TTM)5Y avg 64.1×27.3×

P/B5Y avg 1.53×1.17×

ROEFY26, on average equity3.3%

Net margin6.1%

Debt / equity0.07×

Revenue CAGR (3Y)27.4%

Profit CAGR (3Y)–

EPS (TTM)₹5.30

Market cap₹349 Cr

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

P/B vs history

1.17×

vs 8-point avg 1.53× (−23%)

0.36× low1.53× avg3.17× high

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

Balance sheet 31 Mar 2026

Total assets₹396 Cr+67%

Net worth₹298 Cr+32%

Total borrowings₹22 Cr

Cash & bank balances₹10 Cr+121%

Investments₹0 Cr

Inventories₹0 Cr

Trade receivables₹34 Cr+316%

Trade payables₹32 Cr+295%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Feb 26	Dec 25	Nov 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24
Promoter	33.87	33.87	33.87	23.07	34.75	23.07	23.07	23.07	23.07	23.07	23.07	23.07
FII	0.01	0.02	–	0.05	0.85	1.39	1.78	1.43	1.38	1.38	0.00	0.00
Retail	43.16	43.25	43.28	54.19	41.29	53.50	53.11	54.22	52.93	51.48	52.11	53.40
Other public	22.96	22.86	22.85	22.69	23.11	22.04	22.04	21.28	22.62	24.07	24.82	23.53

9,573 shareholders · NSE shareholding pattern filings.