Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q3 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 | Q1 FY23 | Q4 FY22 | Q3 FY22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 234 | 252 | 153 | 95.2 | 155 | 312 | 222 | 130 | 231 | 259 | 131 | 62.6 | 117 | 147 | 95.8 | 55.8 | 104 | 146 | 108 |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0 | 0 | −0.9 | 0 | 0.8 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 |
| Total expenses | 228 | 243 | 152 | 95.1 | 153 | 298 | 214 | 129 | 228 | 249 | 127 | 63.6 | 116 | 139 | 94.5 | 58 | 102 | 141 | 104 |
| EBITDA | 9.1 | 14 | 5 | 4.3 | 5.1 | 17.5 | 11.6 | 3.5 | 6.2 | 13.6 | 6.9 | 1 | 3.1 | 9.7 | 3.7 | −0.2 | 4 | 7.9 | 5.9 |
| EBITDA margin | 3.9% | 5.5% | 3.3% | 4.5% | 3.3% | 5.6% | 5.2% | 2.7% | 2.7% | 5.3% | 5.3% | 1.6% | 2.7% | 6.6% | 3.8% | -0.4% | 3.8% | 5.4% | 5.5% |
| Finance costs | 1.8 | 2.2 | 2.3 | 2.2 | 1.9 | 1.5 | 2.3 | 1.3 | 1.7 | 1.5 | 1.4 | 0.7 | 0.7 | 0.7 | 0.9 | 0.6 | 0.7 | 0.9 | 0.6 |
| Depreciation | 2.1 | 2.1 | 1.9 | 2 | 1.7 | 2.2 | 1.8 | 1.6 | 1.5 | 1.7 | 1.6 | 1.3 | 1.2 | 1.4 | 1.4 | 1.5 | 1.2 | 1.7 | 1.3 |
| Profit before tax | 5.2 | 9.6 | 0.8 | 0.2 | 1.5 | 13.9 | 7.9 | 0.6 | 2.9 | 9.6 | 4 | −0.2 | 1.1 | 7.6 | 1.4 | −2.2 | 2.1 | 5.4 | 4 |
| Tax | 1.2 | 2.4 | 0.2 | −0.1 | 0.4 | 4.7 | 2.8 | 0.1 | 1.2 | 3 | 1 | −0.1 | 0.4 | 2.1 | 0.4 | −0.5 | 0.6 | 1.6 | 1 |
| Net profit | 4 | 7.2 | 0.6 | 0.3 | 1.1 | 9.2 | 5.1 | 0.5 | 1.8 | 6.5 | 3 | −0.1 | 0.7 | 5.5 | 1 | −1.7 | 1.5 | 3.9 | 3.1 |
| Net margin | 1.7% | 2.8% | 0.4% | 0.3% | 0.7% | 2.9% | 2.3% | 0.4% | 0.8% | 2.5% | 2.3% | -0.2% | 0.6% | 3.7% | 1.1% | -3.1% | 1.4% | 2.6% | 2.9% |
| EPS (₹) | 0.30 | 0.54 | 0.04 | 0.02 | 0.08 | 0.69 | 0.38 | 0.38 | 1.33 | 4.87 | 2.23 | -0.08 | 0.55 | 4.07 | 0.78 | -1.27 | 1.11 | 2.88 | 2.29 |
| Net profit YoY | +264.7% | −21.8% | −88.9% | −49.6% | −38.0% | +40.7% | +70.2% | +607.0% | +143.4% | +19.6% | +187.1% | +94.1% | −50.9% | +41.5% | −66.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 655 | 895 | 570 | 403 | 398 |
| Other income | 0.1 | 0.4 | 0 | 0 | 0.1 |
| Total expenses | 643 | 870 | 555 | 394 | 389 |
| EBITDA | 28.4 | 38.8 | 24.6 | 17.2 | 17.5 |
| EBITDA margin | 4.3% | 4.3% | 4.3% | 4.3% | 4.4% |
| Finance costs | 8.6 | 6.8 | 4.3 | 3 | 2.5 |
| Depreciation | 7.8 | 7.1 | 5.8 | 5.4 | 5.2 |
| Profit before tax | 12 | 25.3 | 14.5 | 8.9 | 9.9 |
| Tax | 2.9 | 8.7 | 4.4 | 2.6 | 2.6 |
| Net profit | 9.1 | 16.6 | 10.2 | 6.3 | 7.3 |
| Net margin | 1.4% | 1.9% | 1.8% | 1.6% | 1.8% |
| EPS (₹) | 0.68 | 1.24 | 7.58 | 4.69 | 5.43 |
| Net profit YoY | −45.0% | +63.2% | +61.4% | −13.6% | – |
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 | 25.4 | −21.6 | −17.4 | 2.4 | −3.9 |
| Investing cash flow | −6.6 | −13.3 | −5.9 | −5.2 | −4.4 |
| Financing cash flow | −15.3 | 30.9 | 27.2 | 3 | 8.4 |
| Capital expenditure | 6.4 | 13.6 | 6.5 | 5.6 | 4.7 |
| Free cash flow (CFO − capex) | 19 | −35.2 | −23.9 | −3.2 | −8.6 |
Net profit trend
annual, ₹ croreFY22
₹7.3
FY23
₹6.3−14%
FY24
₹10.2+61%
FY25
₹16.6+63%
FY26
₹9.1−45%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 102.7×83.0×
P/B5Y avg 12.18×9.56×
ROEFY26, on average equity8.9%
Net margin1.4%
Debt / equity1.05×
Revenue CAGR (3Y)17.6%
Profit CAGR (3Y)13.2%
EPS (TTM)₹0.90
Market cap₹1,000 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
9.56×
vs 8-point avg 12.18× (−22%)
4.34× low12.18× avg22.79× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹413 Cr+1%
Net worth₹105 Cr+4%
Total borrowings₹110 Cr+14%
Cash & bank balances₹28 Cr+6903%
Investments₹0 Cr
Inventories₹64 Cr+9%
Trade receivables₹249 Cr−9%
Trade payables₹177 Cr−7%
Change vs the same date a year earlier.