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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 33.3 | 44.6 | 41.3 | 36.5 | 39.1 | 47.9 | 45.7 | 42.9 | 37.9 | 44.1 | 36.5 | 32.2 | 33 | 42.1 | 46.1 | 46.1 | 40.6 | 38.8 | 38.6 | 29.9 | 19.3 | 34.1 | 27.3 | 26.8 | 11.9 | 43 | 52.1 | 44.1 | 0 |
| Other income | 2.3 | 4.3 | 2.6 | 3.3 | 2.6 | 3.1 | 1.5 | 2.5 | 6.3 | −0.1 | 7.3 | −0.3 | 2 | 4 | 1 | 1.8 | 1.9 | 3.3 | 14.1 | 3.7 | 5.6 | 4.6 | 5.1 | 11.6 | 6.1 | 4.1 | 1.2 | 4.5 | 0 |
| Total expenses | 45 | 53.6 | 52.2 | 51.5 | 50.8 | 59.4 | 56.9 | 53.6 | 54 | 57.5 | 46.5 | 42.6 | 44.3 | 51.9 | 53.8 | 52.2 | 48.9 | 48.4 | 47 | 41.8 | 32.7 | 44.3 | 39.6 | 40.8 | 32.5 | 54.2 | 56.8 | 55 | 0 |
| EBITDA | −3.2 | −0.4 | −1.9 | −6.5 | −3.9 | −4.1 | −4.1 | −3.7 | −9.2 | −6.6 | −3.5 | −3.6 | −5.7 | −4 | −1.5 | 0.1 | −2.1 | −3.9 | −2.2 | −5.6 | −6.8 | −3.3 | −5.6 | −6.3 | −9.7 | 1.1 | 7.7 | 0.9 | 0 |
| EBITDA margin | -9.7% | -0.8% | -4.6% | -17.9% | -10.0% | -8.6% | -9.1% | -8.6% | -24.3% | -14.9% | -9.6% | -11.0% | -17.4% | -9.4% | -3.2% | 0.2% | -5.3% | -9.9% | -5.8% | -18.7% | -35.0% | -9.6% | -20.3% | -23.4% | -81.2% | 2.4% | 14.7% | 2.0% | – |
| Finance costs | 2.4 | 2.4 | 2.7 | 2.7 | 2.4 | 2.2 | 1.9 | 1.9 | 1.9 | 1.9 | 1.7 | 1.8 | 1.4 | 1.5 | 1.8 | 1.8 | 1.7 | 1.4 | 1.6 | 1.6 | 1.6 | 2.1 | 2 | 2.3 | 2.8 | 3.2 | 3.4 | 3.5 | 0 |
| Depreciation | 6.1 | 6.1 | 6.4 | 5.8 | 5.5 | 5.1 | 5.1 | 5.2 | 5.1 | 5 | 4.8 | 5 | 4.2 | 4.3 | 4.4 | 4.5 | 4.5 | 4.4 | 4.5 | 4.7 | 5 | 4.9 | 4.8 | 5.6 | 8.1 | 9.1 | 8.9 | 8.3 | 0 |
| Profit before tax | −9.4 | −4.6 | −8.3 | −11.7 | −9.1 | −8.4 | −9.6 | −8.3 | −9.8 | −13.6 | −2.6 | −10.7 | −9.4 | 33.2 | −6.8 | −4.4 | −6.5 | −6.3 | 5.8 | −8.2 | −7.8 | −5.6 | −7.2 | −2.5 | −14.4 | −7.2 | −3.5 | −6.4 | 0 |
| Tax | −0.4 | 0.7 | 0.3 | 0.1 | 0.2 | −5.2 | 0.5 | 5.8 | −0.1 | −0 | 0.1 | 0.2 | −0.2 | −0.2 | 0.3 | −0.8 | 0.3 | 0.3 | −0.2 | −0.2 | 0 | −0.3 | −0.1 | −0.1 | 0.1 | −0.4 | −0.9 | −0.3 | 0 |
| Net profit | −8.9 | −5.3 | −8.6 | −11.8 | −9.3 | −3.2 | −10.2 | −14.1 | −9.8 | −13.6 | −2.7 | −10.9 | −9.2 | 33.4 | −7.1 | −3.5 | −6.8 | −6.6 | 6 | −8 | −7.8 | −5.3 | −7.1 | −2.4 | −14.5 | −6.8 | −2.5 | −6.1 | 0 |
| Net margin | -26.8% | -11.8% | -20.9% | -32.4% | -23.8% | -6.6% | -22.2% | -32.9% | -25.8% | -30.8% | -7.4% | -33.9% | -27.8% | 79.3% | -15.3% | -7.7% | -16.7% | -16.9% | 15.5% | -26.7% | -40.4% | -15.5% | -26.1% | -9.1% | -121.7% | -15.9% | -4.9% | -13.9% | – |
| EPS (₹) | -3.25 | -2.00 | -3.32 | 4.55 | -3.59 | -1.22 | 0.00 | -5.42 | -3.76 | -5.22 | -1.05 | -4.20 | -3.52 | 13.40 | -2.86 | -1.43 | -2.74 | -2.65 | 2.42 | -3.23 | -3.15 | -2.35 | -3.17 | -1.09 | -6.46 | -3.03 | -1.13 | -2.78 | 0.00 |
| Net profit YoY | +4.2% | −65.6% | +15.0% | +16.1% | +4.6% | +76.6% | −274.2% | −28.9% | −6.6% | −140.7% | +61.6% | −209.5% | −34.9% | +607.9% | −218.0% | +55.8% | +13.1% | −24.0% | +184.0% | −227.0% | +46.2% | +22.2% | −180.7% | +60.2% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 162 | 174 | 146 | 175 | 127 | 100 | 191 | 238 |
| Other income | 12.8 | 13.4 | 8.9 | 8.6 | 26.7 | 27.4 | 12.1 | 11.6 |
| Total expenses | 208 | 224 | 191 | 207 | 170 | 157 | 233 | 276 |
| EBITDA | −12.7 | −21.2 | −19.4 | −7.5 | −18.4 | −24.8 | 7.1 | −23.9 |
| EBITDA margin | -7.9% | -12.1% | -13.3% | -4.3% | -14.6% | -24.7% | 3.7% | -10.0% |
| Finance costs | 10.1 | 7.9 | 6.7 | 6.8 | 6.2 | 9 | 13.9 | 3.1 |
| Depreciation | 23.8 | 20.4 | 19 | 17.7 | 18.6 | 23.4 | 35.5 | 10.8 |
| Profit before tax | −33.8 | −36.1 | −36.3 | 15.6 | −16.5 | −29.8 | −30.1 | −26.2 |
| Tax | 1.3 | 1.1 | 0.1 | −0.4 | −0.1 | −0.4 | −1.1 | −2.8 |
| Net profit | −35 | −37.2 | −36.4 | 16 | −16.4 | −29.4 | −29 | −23.5 |
| Net margin | -21.7% | -21.3% | -24.9% | 9.1% | -12.9% | -29.4% | -15.2% | -9.9% |
| EPS (₹) | -13.33 | -14.31 | -13.99 | 6.42 | -6.61 | -13.04 | -13.10 | -12.03 |
| Net profit YoY | +5.8% | −2.3% | −327.6% | +197.6% | +44.3% | −1.4% | – | – |
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 | 9.4 | −9 | −5.5 | 1.2 | −5.4 |
| Investing cash flow | −4.1 | 28.6 | 17.4 | 15.7 | 6.7 |
| Financing cash flow | −6.6 | −20 | −15 | −15.2 | −9.6 |
| Capital expenditure | 4.4 | 3.8 | 12.5 | 5.1 | 3.6 |
| Free cash flow (CFO − capex) | 5 | −12.8 | −18 | −3.9 | −9 |
Net profit trend
annual, ₹ croreFY21
₹−29.4
FY22
₹−16.4+44%
FY23
₹16+198%
FY24
₹−36.4−328%
FY25
₹−37.2−2%
FY26
₹−35+6%
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 | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 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 | 13 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 14.1×-5.6×
P/B5Y avg 1.19×1.06×
ROEFY26, on average equity-18.1%
Net margin-21.7%
Debt / equity0.27×
Revenue CAGR (3Y)-2.6%
Profit CAGR (3Y)–
EPS (TTM)₹-12.62
Market cap₹193 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.06×
vs 8-point avg 1.19× (−11%)
0.81× low1.19× avg1.54× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹342 Cr−2%
Net worth₹182 Cr−11%
Total borrowings₹48 Cr+4%
Cash & bank balances₹6 Cr−18%
Investments₹39 Cr+3%
Inventories₹61 Cr−6%
Trade receivables₹19 Cr−10%
Trade payables₹40 Cr+5%
Change vs the same date a year earlier.