Updated Transcript of the Earnings Webinar - Q4 & FY26
Investor Presentation
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
Intimation of schedule of Analysts/Institutional Investor Meeting
Transcript of Earnings Webinar - Q4 & FY26
Clarification on Spurt in Volume
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 81.07 | 82.48 | 91.84 | 97.64 | 97.55 | 96.57 | 103.76 | 100.10 | 103.94 | 105.07 | 123.05 | 123.11 |
| YOY Revenue Growth % | 32.44% | 22.37% | 21.16% | 24.01% | 20.33% | 17.09% | 12.98% | 2.52% | 6.55% | 8.8% | 18.59% | 22.98% |
| Other Income | 0.23 | 0.55 | 0.65 | 3.41 | 8.79 | 2.33 | 1.28 | 1.74 | 5.03 | 2.97 | 1.63 | 2.63 |
| Total Income | 81.30 | 83.03 | 92.49 | 101.05 | 106.33 | 98.90 | 105.04 | 101.84 | 108.97 | 108.04 | 124.68 | 125.74 |
| Total Expenses + | 92.29 | 83.11 | 91.94 | 96.69 | 87.03 | 95.33 | 98.07 | 98.97 | 101.71 | 105.99 | 114.38 | 122.88 |
| Cost of Materials Consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee Benefit Expense | 52.56 | 58.65 | 60.73 | 61.34 | 52.67 | 60.86 | 62.01 | 62.23 | 65.90 | 68.89 | 69.79 | 75.32 |
| Other Expenses | 16.31 | 9.90 | 16.16 | 19.89 | 22.56 | 21.49 | 23.09 | 25.37 | 24.88 | 26.81 | 33.43 | 35.29 |
| Operating Profit | -11.22 | -0.64 | -0.11 | 0.96 | 10.51 | 1.24 | 5.69 | 1.13 | 2.22 | -0.92 | 8.67 | 0.23 |
| OPM % | -13.8% | -0.8% | -0.1% | 1% | 10.8% | 1.3% | 5.5% | 1.1% | 2.1% | -0.9% | 7% | 0.2% |
| Profit Before Tax + | -10.99 | -0.09 | 0.54 | 4.36 | 19.30 | 3.56 | 5.44 | 2.87 | 7.25 | 2.05 | 5.35 | 2.70 |
| Tax Expense | -3.01 | 0.00 | 0.00 | 0.80 | 4.05 | 1.03 | 1.66 | -16.16 | 0.69 | 1.71 | 2.18 | 1.60 |
| Tax % | - | - | 0% | 18.4% | 21% | 28.8% | 30.5% | -563.6% | 9.6% | 83.2% | 40.7% | 59.3% |
| Profit After Tax | -7.98 | -0.09 | 0.54 | 3.56 | 15.25 | 2.54 | 3.78 | 19.02 | 6.56 | 0.35 | 3.17 | 1.10 |
| EPS (Basic) | -2.09 | -0.02 | 0.14 | 0.86 | 3.64 | 0.60 | 0.89 | 4.48 | 1.54 | 0.08 | 0.75 | 0.26 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 455.17 | 397.98 | 353.02 | 283.15 | 181.98 | 129.32 | 232.11 |
| YOY Revenue Growth % | 14.37% | 12.73% | 24.68% | 55.59% | 40.73% | -44.29% | - |
| Other Income | 12.26 | 14.13 | 4.84 | 1.55 | 2.05 | 5.85 | 2.64 |
| Total Income | 467.43 | 412.11 | 357.86 | 284.70 | 184.03 | 135.17 | 234.75 |
| Total Expenses + | 444.97 | 379.41 | 364.03 | 286.71 | 187.98 | 152.87 | 203.35 |
| Employee Benefit Expense | 279.90 | 237.77 | 233.27 | 172.93 | 114.04 | 87.51 | 144.65 |
| Other Expenses | 120.42 | 92.51 | 62.25 | 69.42 | 52.71 | 38.33 | 58.70 |
| Operating Profit | 10.20 | 18.57 | -11.01 | -3.56 | -6.00 | -23.56 | 28.76 |
| OPM % | 2.2% | 4.7% | -3.1% | -1.3% | -3.3% | -18.2% | 12.4% |
| Profit Before Exceptional | 22.46 | 32.70 | -6.17 | -2.01 | -3.95 | -17.71 | -1.00 |
| Exceptional Items | -5.11 | -1.52 | 0.00 | -16.65 | 7.50 | -46.45 | 0.00 |
| Profit Before Tax + | 17.36 | 31.18 | -6.17 | -18.66 | 3.55 | -64.16 | -1.00 |
| Tax Expense | 6.18 | -9.42 | -2.20 | 1.17 | 0.48 | -0.91 | 3.48 |
| Tax % | 35.6% | -30.2% | - | - | 13.4% | - | - |
| Profit After Tax | 11.18 | 40.59 | -3.97 | -19.83 | 3.08 | -63.25 | -4.48 |
| EPS (Basic) | 2.63 | 9.62 | -1.02 | -5.21 | 0.81 | -16.75 | -1.19 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 530.85 | 495.27 | 476.93 | 442.74 | 378.99 | 367.64 | 0.00 |
| Property, Plant & Equipment | 17.42 | 18.88 | 7.32 | 5.77 | 4.48 | 2.82 | 0.00 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 411.39 | 416.18 | 416.18 | 380.84 | 335.57 | 320.21 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 8.66 | 2.86 | 2.46 | 2.74 | 1.44 | 2.89 | 0.00 |
| Current Assets + | 253.54 | 194.06 | 237.54 | 118.77 | 88.32 | 87.21 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade Receivables | 117.46 | 77.18 | 72.21 | 51.88 | 38.44 | 28.20 | 0.00 |
| Cash and Cash Equivalents | 5.43 | 11.20 | 16.94 | 16.65 | 6.42 | 16.15 | 0.00 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 401.81 | 392.45 | 365.98 | 156.12 | 166.27 | 158.49 | 0.00 |
| Equity Share Capital | 21.27 | 21.26 | 20.99 | 19.12 | 18.97 | 18.90 | 0.00 |
| Other Equity | 380.54 | 371.18 | 344.99 | 137.00 | 147.30 | 139.60 | 0.00 |
| Non-Current Liabilities | 91.93 | 178.40 | 184.09 | 199.43 | 13.31 | 74.26 | 0.00 |
| Current Liabilities | 290.65 | 118.49 | 172.70 | 205.95 | 287.72 | 222.09 | 0.00 |
| Total Liabilities | 382.58 | 296.89 | 356.80 | 405.39 | 301.04 | 296.36 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 17.68 | 46.42 | 19.62 | 55.86 | 10.79 | 52.83 | 0.00 |
| Cash from Investing Activities | -32.63 | 43.18 | -122.61 | -194.13 | 1.44 | 0.91 | 0.00 |
| Cash from Financing Activities | 9.32 | -94.90 | 103.27 | 148.47 | -21.90 | -44.64 | 0.00 |
| Net Increase/Decrease in Cash | -5.77 | -5.73 | 0.29 | 10.23 | -9.73 | 9.61 | 0.00 |