Your investments deserve an analyst, not a dashboard.

Quarterly results

standalone · as filed with NSE · Q1 FY27 back to Q4 FY17

₹ 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	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY17
Revenue from operations	373	401	261	168	219	173	147	144	112	24.9	0.5	0.3	0.2	0.1	0.3	13.6	3.2	62.6	49.7	57.9	43	47.3	47.8	39.4	19.2	20.6	37.6	86.4	50.9	10.8	41.8	3.8	12.2	27.2
Other income	4.4	2.9	1.5	3.3	2.2	1.1	0.4	0.3	0.2	0.8	0	0	0.1	1.1	0.6	0.7	0.6	0.8	0.8	1.4	1.6	0.4	1.5	1.8	0.6	0.4	6.5	3.4	1	0.4	8.4	3.1	5.4	6.8
Total expenses	273	282	174	112	130	108	99.6	95.2	80	57.1	7	5.6	6	6.2	10.8	20.3	11.9	61.8	47.6	55.4	40.4	44.1	50.9	35.3	14	40	38.2	83.9	50.3	32	45.3	16.2	21.2	34.7
EBITDA	126	146	106	72.3	103	78.5	67.5	62.7	44	−3.2	−2.2	−0.8	−1.4	−1.5	−5.4	−1.9	−4.2	5.4	6.6	7.2	7.3	9	3.5	11	10.3	−13.2	5.1	7.6	5.2	−15.2	1.6	−7.2	−3.8	−1
EBITDA margin	33.7%	36.4%	40.8%	43.0%	47.3%	45.4%	45.8%	43.7%	39.4%	-12.7%	-429.4%	-276.7%	-750.0%	-1327.3%	-1627.3%	-13.8%	-128.7%	8.6%	13.4%	12.3%	16.9%	19.0%	7.3%	27.9%	53.8%	-64.2%	13.7%	8.8%	10.3%	-140.6%	3.8%	-187.2%	-31.4%	-3.6%
Finance costs	4.2	3.5	3.7	4.7	4.1	3.8	5.1	5.8	4.7	4.7	0.4	0.6	0.7	0.9	1.3	1	0.7	0.8	0.7	0.7	0.8	2	2.8	3	1.3	2.3	1.7	1.3	0.9	2.2	1.1	1.4	1.4	2.1
Depreciation	21.8	23.8	16.1	11	10.6	9.9	14.7	8.6	7.7	24.5	3.9	3.9	3.8	3.8	3.9	3.9	3.8	3.8	3.9	3.9	3.8	3.8	3.9	3.9	3.8	3.8	4	3.8	3.8	3.8	4.1	3.8	3.8	4.3
Profit before tax	104	125	84	59.9	91	65.9	48.1	48.6	31.8	−36.2	−107	−5.3	−5.7	−5.1	−11.3	−7.1	−8.1	1.6	4.1	3.9	4.2	4.9	53.6	5.9	4.8	−26.3	6	5.9	1.5	−20.8	4.9	−9.2	−3.7	0.2
Tax	26.2	0.2	19	13.5	23.8	17.6	6.6	6.6	8.9	22.3	−52.4	−1.3	−0.7	0.3	−4.4	−3.2	−0.5	1.1	2.1	−0.1	1.1	1.4	0	−1.2	1.2	−21.2	1.2	0.6	0	0.1	0	0	0	0
Net profit	77.8	125	65	46.3	67.2	48.3	41.6	42	22.9	−58.6	−54.6	−4	−5	−5.4	−6.8	−3.9	−7.6	0.5	2	4	3.1	3.5	53.6	7.1	3.6	−5.1	4.7	5.3	1.5	−20.9	4.9	−9.2	−3.7	0.1
Net margin	20.9%	31.0%	24.9%	27.5%	30.7%	27.9%	28.2%	29.3%	20.5%	-235.5%	-10713.7%	-1316.7%	-2777.8%	-4872.7%	-2069.7%	-28.6%	-234.9%	0.8%	4.0%	7.0%	7.3%	7.5%	112.3%	18.0%	18.8%	-24.6%	12.6%	6.2%	2.9%	-193.2%	11.6%	-241.6%	-30.3%	0.5%
EPS (₹)	1.79	2.75	1.54	10.97	15.92	11.44	9.85	15.37	5.42	-13.53	-13.83	-1.02	-1.29	-1.38	-1.79	-1.06	-2.08	0.15	0.61	1.10	1.00	1.21	17.53	2.31	1.17	-0.17	1.63	1.84	0.51	-7.32	1.70	-3.19	-1.29	0.03
Net profit YoY	+15.8%	+157.9%	+56.2%	+10.3%	+193.6%	+182.4%	+176.1%	+1163.3%	+557.6%	−992.7%	−700.0%	−1.8%	+34.3%	−1172.0%	−439.8%	−196.0%	−343.9%	−85.8%	−96.3%	−42.9%	−13.3%	+169.5%	+1031.4%	+32.4%	+144.9%	+75.7%	−2.5%	+157.9%	+139.8%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY17
Revenue from operations	1,049	575	25.9	17.2	213	154	196	68.6	96.4
Other income	9.9	2	1	3	4.6	4.3	10.9	17.3	74.6
Total expenses	698	383	74.2	49.3	205	144	212	115	90.3
EBITDA	429	253	−7.5	−12.9	26.4	33.7	5.2	−24.6	12.6
EBITDA margin	40.8%	43.9%	-29.2%	-74.7%	12.4%	22.0%	2.7%	-35.8%	13.0%
Finance costs	16	19.3	4.7	3.8	3.1	9.1	6.2	6.1	2.5
Depreciation	61.6	40.9	36	15.4	15.3	15.4	15.5	15.5	4
Profit before tax	360	194	−153	−31.5	13.8	69.2	−12.8	−28.9	72.6
Tax	56.5	39.7	−31.7	−7.9	4.2	1.4	−21.2	0.1	0.1
Net profit	303	155	−121	−23.7	9.7	67.8	8.4	−28.9	72.5
Net margin	28.9%	26.9%	-467.7%	-137.5%	4.5%	44.2%	4.3%	-42.2%	75.2%
EPS (₹)	6.98	36.66	-13.83	-6.31	2.91	22.10	2.23	-10.11	33.00
Net profit YoY	+95.8%	+227.9%	−411.0%	−344.8%	−85.7%	+711.4%	+128.9%	–	–

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	255	167	34.9	−8.4	−2.9
Investing cash flow	−233	−85.9	−223	−5.8	−1
Financing cash flow	−2.8	−34.6	189	10.5	6
Capital expenditure	179	0	224	5.8	1
Free cash flow (CFO − capex)	75.5	167	−189	−14.2	−3.9

Net profit trend

annual, ₹ crore

FY21

₹67.8

FY22

₹9.7−86%

FY23

₹−23.7−345%

FY24

₹−121−411%

FY25

₹155+228%

FY26

₹303+96%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	10 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	10 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	27 Apr 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	27 Apr 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	30 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	30 Jan 2026	PDF on NSE XBRL
Q2 FY26	Standalone	4 Nov 2025	PDF XBRL
Q1 FY26	Standalone	11 Aug 2025	PDF XBRL
Q4 FY25	Standalone · audited	15 May 2025	PDF on NSE XBRL
Q3 FY25	Standalone	7 Feb 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY254.06 MB FY24 FY23 FY21 FY20 FY19 FY18 FY17 FY16 FY15

Key ratios

P/E (TTM)5Y avg 21.4×10.1×

P/B5Y avg 11.11×5.04×

ROEFY26, on average equity66.7%

Net margin28.9%

Debt / equity0.19×

Revenue CAGR (3Y)293.5%

Profit CAGR (3Y)–

EPS (TTM)₹7.22

Market cap₹3,180 Cr

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

P/B vs history

5.04×

vs 8-point avg 11.11× (−55%)

1.75× low11.11× avg25.13× high

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

Balance sheet 31 Mar 2026

Total assets₹930 Cr+81%

Net worth₹631 Cr+127%

Total borrowings₹118 Cr−22%

Cash & bank balances₹66 Cr+39%

Investments₹52 Cr+948%

Inventories₹160 Cr+366%

Trade receivables₹93 Cr+1940%

Trade payables₹71 Cr+122%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23
Promoter	29.72	29.72	29.72	27.71	27.71	27.71	27.71	27.71	27.71	27.71	27.71	27.71
FII	3.74	4.12	5.19	5.40	5.47	4.39	4.24	2.46	0.48	0.01	0.47	0.77
DII	0.43	0.32	0.02	0.31	0.26	0.44	0.02	0.09	0.00	0.00	0.00	0.25
of which MF	0.43	0.32	0.02	0.31	0.25	0.44	–	–	–	–	–	–
Retail	57.97	57.65	57.07	58.56	59.13	56.91	57.46	59.15	60.58	61.74	60.84	61.25
Other public	8.14	8.19	8.00	8.02	7.43	10.55	10.57	10.59	11.23	10.54	10.98	10.02

1,64,654 shareholders · NSE shareholding pattern filings.