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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	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q4 FY18
Revenue from operations	124	−98.9	29.2	10.5	98.6	−48.7	−57.8	79.2	130	98.1	113	84.1	112	−15	70.9	79.8	4.4	30.7	17.8	95.5	85.4	66.3	33.6	7.2	42.9	5.8	0
Other income	1.7	1.5	2.4	3	1.8	2.6	−2.9	3.6	1.7	2.5	1.6	5.6	1.5	1.3	0.2	0.7	0.2	0.5	0.1	2.4	0.1	0	0	0.1	5.3	0	0
Total expenses	6.1	6.5	7.2	6.5	6.1	6.8	16.4	18.2	8.4	9.1	7.3	7.7	7.9	10.6	5.2	5.8	62.9	5.3	5.3	6.3	5.4	3.4	2.5	2.4	3.9	21.7	0
EBITDA	118	−104	22.9	5	93.5	−54.4	−73.1	62.1	123	90.6	107	77.9	105	−24.1	66.4	75.2	−57.5	26.3	12.8	89.4	80.2	63.1	31.3	5	39.3	−15.6	0
EBITDA margin	95.6%	105.7%	78.6%	47.0%	94.8%	111.7%	126.4%	78.4%	94.6%	92.4%	94.8%	92.6%	94.3%	161.0%	93.8%	94.2%	-1295.2%	85.6%	71.9%	93.6%	93.8%	95.1%	93.2%	70.0%	91.7%	-266.2%	–
Finance costs	0	0	0	0	0	0	0	0	0	0.1	0.1	0	0	0	0	0.1	0	0	0.1	0	0	0	0	0	0	0	0
Depreciation	0.7	0.8	0.9	0.9	0.9	1.1	1.1	1	1.3	1.6	1.3	1.4	1.4	1.4	0.8	1.1	1	0.9	0.3	0.2	0.2	0.2	0.2	0.2	0.3	0.3	0
Profit before tax	119	−104	24.4	7	94.3	−52.9	−77.1	64.7	124	91.5	107	82.1	105	−24.2	65.8	74.7	−58.2	25.8	12.5	91.6	80.1	62.9	31.1	4.9	44.3	−15.9	0
Tax	23.2	−29.3	6.4	−0.1	23.2	−13	−18.8	13.6	30.4	17.4	19.4	11.8	13.3	−8.5	12.7	12.6	−14.8	−17	−2.8	11.7	7.9	−8.8	0.3	−7	−38.4	0.9	0
Net profit	96	−74.5	18	7.1	71.1	−39.8	−58.3	51.1	93.2	74.1	88	70.3	91.9	−15.7	53.1	62	−43.4	42.9	15.3	79.9	72.2	73.9	30.9	11.9	82.7	−16.8	0
Net margin	77.7%	75.4%	61.8%	67.4%	72.2%	81.8%	100.9%	64.5%	71.5%	75.5%	77.8%	83.6%	82.4%	105.1%	74.9%	77.7%	-978.9%	139.7%	86.2%	83.6%	84.5%	111.4%	91.8%	165.4%	192.9%	-287.0%	–
EPS (₹)	30.59	-22.29	5.31	2.04	20.92	-11.59	-16.90	14.71	26.80	21.25	25.25	20.14	26.27	-4.07	13.73	16.05	-11.23	11.09	3.96	20.66	18.67	19.11	7.98	3.07	21.40	-4.34	0.00
Net profit YoY	+34.9%	−87.2%	+131.0%	−86.1%	−23.7%	−153.8%	−166.2%	−27.3%	+1.4%	+570.9%	+65.9%	+13.3%	+311.8%	−136.7%	+246.4%	−22.3%	−160.2%	–	−79.3%	+158.9%	+508.4%	+540.4%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY20	FY18
Revenue from operations	39.4	103	407	82.1	229	2.4	2,162
Other income	8.7	5.1	11.2	2.3	3	5.4	5.8
Total expenses	26.2	49.7	32	26.4	22.3	12.6	2,133
EBITDA	16.9	57.9	381	60.1	209	−8.9	30.3
EBITDA margin	42.9%	56.2%	93.6%	73.2%	90.9%	-371.6%	1.4%
Finance costs	0.2	0.2	0.2	0.2	0	0.1	0
Depreciation	3.5	4.5	5.7	4.3	1.5	1.2	0.6
Profit before tax	21.9	58.4	386	58	210	−4.8	29.6
Tax	0.1	12.2	61.9	2.1	−0.2	−44.1	4.4
Net profit	21.8	46.2	324	56	210	39.3	25.2
Net margin	55.2%	44.8%	79.7%	68.2%	91.7%	1630.0%	1.2%
EPS (₹)	6.50	13.44	93.07	14.49	54.37	10.15	6.51
Net profit YoY	−52.9%	−85.8%	+479.5%	−73.4%	–	–	–

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	−17.8	200	194	7.3	165
Investing cash flow	−129	137	−197	26.9	−185
Financing cash flow	−105	−44	−12.5	−67.8	−10.7
Capital expenditure	0	0	41	2.3	20.1
Free cash flow (CFO − capex)	−17.8	200	153	5	145

Net profit trend

annual, ₹ crore

FY20

₹39.3

FY22

₹210+436%

FY23

₹56−73%

FY24

₹324+479%

FY25

₹46.2−86%

FY26

₹21.8−53%

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	26 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	26 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	13 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	13 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	9 Nov 2025	PDF XBRL
Q2 FY26	Standalone	9 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	7 Aug 2025	PDF on NSE XBRL
Q1 FY26	Standalone	7 Aug 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY264.22 MB FY254.50 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 13.7×16.2×

P/B5Y avg 0.26×0.36×

ROEFY26, on average equity0.9%

Net margin55.2%

Debt / equity0.00×

Revenue CAGR (3Y)-21.7%

Profit CAGR (3Y)-27.0%

EPS (TTM)₹14.79

Market cap₹755 Cr

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

P/B vs history

0.36×

vs 8-point avg 0.26× (+39%)

0.15× low0.26× avg0.42× high

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

Balance sheet 31 Mar 2026

Total assets₹2,205 Cr−19%

Net worth₹2,113 Cr−15%

Total borrowings₹0 Cr−65%

Cash & bank balances₹70 Cr−78%

Investments₹1,936 Cr−12%

Inventories₹0 Cr

Trade receivables₹10 Cr+988%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Jan 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Sept 24	Jun 24	Mar 24
Promoter	56.38	56.38	56.38	52.02	52.02	52.02	52.02	52.02	52.02	52.02	50.84	50.84
FII	1.26	1.32	1.40	1.30	1.91	1.93	1.99	2.03	2.13	2.08	1.07	0.73
DII	0.03	0.09	0.09	0.32	0.05	0.04	0.04	0.03	0.03	0.03	0.03	0.03
Retail	35.97	35.88	35.82	32.82	39.29	38.98	38.85	39.04	42.30	42.36	44.63	44.68
Other public	6.36	6.33	6.31	13.54	6.73	7.03	7.10	6.88	3.52	3.51	3.43	3.72

23,975 shareholders · NSE shareholding pattern filings.