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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	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 FY18
Revenue from operations	615	187	344	1,423	1,246	952	1,264	1,123	1,097	898	843	1,649	1,205	1,339	1,416	502	893	950	935	812	659	927	1,191	1,002	1,006	885	1,245	1,874	2,000	1,653	2,450	2,001	0
Other income	0.7	8.2	1.2	4.7	6.2	21.8	5.9	16.7	9.9	127	12.4	23.1	15.1	65.8	12.6	4.6	33.4	17.7	4.7	4.8	27.1	22.7	20.7	13.4	25.7	5.7	5.5	13.1	1.7	14.4	12.6	16.9	0
Total expenses	579	224	357	1,306	1,164	981	1,214	1,091	1,052	955	841	1,588	1,161	1,283	1,360	590	932	935	915	814	662	1,019	1,217	1,123	1,267	1,120	1,479	2,013	2,155	1,737	2,436	2,036	0
EBITDA	59.2	−14.4	9.3	174	141	32.5	117	101	118	18.6	75.2	139	124	131	134	−19.9	22	74	79.7	57.5	47.4	33	116	15.6	−118	−94.7	−51.2	40.9	7	58.6	148	101	0
EBITDA margin	9.6%	-7.7%	2.7%	12.2%	11.3%	3.4%	9.2%	9.0%	10.8%	2.1%	8.9%	8.4%	10.3%	9.8%	9.5%	-4.0%	2.5%	7.8%	8.5%	7.1%	7.2%	3.6%	9.7%	1.6%	-11.7%	-10.7%	-4.1%	2.2%	0.3%	3.5%	6.0%	5.1%	–
Finance costs	17.8	17.1	18	32	34.4	36.1	39.9	44	48.3	51	48.8	55	56.5	53.5	55.6	51.4	45.3	40.4	44.2	42.7	30	97.5	117	109	112	113	155	154	139	120	112	116	0
Depreciation	4.9	4.8	4.2	25.2	24.5	25.2	26.2	24.9	25.2	24.5	24.2	23.3	22.8	21.3	22.3	17.3	16.5	17.9	16.2	17	20.6	27.5	25.2	27.7	30.6	26.9	27.4	25.7	23	22.3	21.4	20.7	0
Profit before tax	37.2	−30.9	−14.6	939	88.1	−7.1	56.3	49	54.6	69.9	14.7	83.7	59.3	−577	69	−84	−6.4	33.4	24	2.6	23.9	−69.2	−5.7	−107	−235	−229	−228	−126	−142	−69.2	26.6	−19	0
Tax	14.7	0.1	−10	200	26.9	5.3	20.1	20	26.8	−3.2	16.9	39	26.9	−146	15.2	−18.7	1.1	16.1	16.6	13.4	9.2	0.3	22.3	6.7	116	−94	14.3	0.2	−4.4	7.6	10	−6.3	0
Net profit	119	−25.1	39.7	840	127	27.2	81	93.4	29.4	77.4	28.6	66.6	−1.6	−427	104	−51.2	7.3	43.9	109	10.4	−2	−46.3	15.8	−94.5	−305	−119	−226	−123	−137	−56.8	47	−8	0
Net margin	19.3%	-13.4%	11.6%	59.1%	10.2%	2.9%	6.4%	8.3%	2.7%	8.6%	3.4%	4.0%	-0.1%	-31.9%	7.4%	-10.2%	0.8%	4.6%	11.7%	1.3%	-0.3%	-5.0%	1.3%	-9.4%	-30.3%	-13.4%	-18.2%	-6.6%	-6.9%	-3.4%	1.9%	-0.4%	–
EPS (₹)	28.17	-5.94	9.43	191.68	23.54	4.72	12.97	19.30	2.17	17.87	6.78	15.83	-5.77	-108.99	16.46	-8.65	1.25	13.28	17.37	-1.90	1.91	-11.08	-0.68	-23.68	75.03	-30.15	-56.23	-29.26	-32.00	-15.02	7.92	-1.46	0.00
Net profit YoY	−6.8%	−192.3%	−51.0%	+799.6%	+333.7%	−64.8%	+183.5%	+40.2%	+1944.8%	+118.1%	−72.6%	+230.2%	–	−5953.2%	+137.3%	−146.8%	+460.9%	+195.0%	+591.5%	+111.0%	+99.3%	+61.0%	+107.0%	+23.2%	−121.7%	−108.7%	−581.3%	−1440.7%	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	3,200	4,436	4,595	4,553	3,590	2,404	5,017	8,103	7,271
Other income	20.3	54.3	177	94.7	60.5	62.5	49.9	45.5	87.1
Total expenses	3,050	4,338	4,545	4,505	3,597	2,466	5,878	8,364	7,222
EBITDA	309	368	356	331	233	206	−216	315	535
EBITDA margin	9.7%	8.3%	7.8%	7.3%	6.5%	8.6%	-4.3%	3.9%	7.4%
Finance costs	101	168	211	205	173	200	535	488	404
Depreciation	58.7	102	94.8	78.5	67.5	68	111	87.5	82.5
Profit before tax	981	153	228	585	53.6	−0.2	−811	−204	122
Tax	217	72.2	79.6	129	47.3	38.5	36.6	6.9	23.3
Net profit	982	231	171	539	171	−126	−766	−155	157
Net margin	30.7%	5.2%	3.7%	11.8%	4.8%	-5.3%	-15.3%	-1.9%	2.2%
EPS (₹)	218.70	39.17	23.73	116.95	30.01	4.10	-190.68	-40.56	30.67
Net profit YoY	+325.3%	+35.1%	−68.3%	+215.5%	+235.3%	+83.5%	−393.7%	−198.5%	–

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	203	511	473	94.8	571
Investing cash flow	−69.2	−122	2.8	426	−137
Financing cash flow	−335	−494	−527	−697	−296
Capital expenditure	160	105	144	317	228
Free cash flow (CFO − capex)	43.6	407	329	−222	344

Net profit trend

annual, ₹ crore

FY21

₹−126

FY22

₹171+235%

FY23

₹539+216%

FY24

₹171−68%

FY25

₹231+35%

FY26

₹982+325%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	31 Jul 2026	PDF XBRL
Q1 FY27	Standalone	31 Jul 2026	PDF XBRL
Q4 FY26	Consolidated · audited	15 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	15 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	4 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	4 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	7 Nov 2025	PDF XBRL
Q2 FY26	Standalone	7 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	31 Jul 2025	PDF XBRL
Q1 FY26	Standalone	31 Jul 2025	PDF XBRL

Annual reports

NSE archive

FY261.97 MB FY254.31 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 2.3×1.0×

P/B5Y avg 0.44×0.45×

ROEFY26, on average equity49.8%

Net margin30.7%

Debt / equity0.31×

Revenue CAGR (3Y)-11.1%

Profit CAGR (3Y)22.1%

EPS (TTM)₹231.49

Market cap₹930 Cr

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

P/B vs history

0.45×

vs 8-point avg 0.44× (+2%)

0.32× low0.44× avg0.60× high

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

Balance sheet 31 Mar 2026

Total assets₹3,251 Cr−35%

Net worth₹2,089 Cr+13%

Total borrowings₹642 Cr−11%

Cash & bank balances₹33 Cr−81%

Investments₹831 Cr+1071%

Inventories₹268 Cr+55%

Trade receivables₹90 Cr+5%

Trade payables₹233 Cr+46%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	65.21	65.21	65.21	65.21	65.21	65.21	65.21	65.21	65.28	65.28	65.28	65.28
FII	2.34	2.83	2.71	2.85	2.67	1.34	2.52	1.18	1.08	1.27	1.58	1.02
DII	0.10	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	1.00	1.09	1.00
Retail	26.93	26.83	26.97	26.66	26.60	27.78	26.39	27.42	26.74	24.77	23.18	23.66
Other public	5.42	5.04	5.02	5.19	5.43	5.58	5.79	6.10	6.81	7.68	8.87	9.04

43,594 shareholders · NSE shareholding pattern filings.