| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 9 | 9 | 10 | 11 | 9 | 8 | 10 | 11 | 10 | 11 | 10 | |
Growth YoY Revenue Growth YoY% | 30.2 | 55.4 | 65.8 | 68.7 | 61.3 | -0.9 | -7.0 | 5.4 | -3.6 | 16.5 | 27.8 | 0.3 |
| 4 | 5 | 5 | 6 | 6 | 6 | 7 | 6 | 6 | 6 | 8 | 7 | |
| 3 | 4 | 4 | 4 | 6 | 3 | 2 | 4 | 4 | 4 | 3 | 3 | |
OPM OPM% | 39.0 | 46.7 | 45.5 | 44.0 | 50.5 | 30.0 | 22.6 | 39.0 | 40.4 | 39.7 | 30.2 | 32.2 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PBT PBTCr | 3 | 4 | 4 | 4 | 5 | 2 | 2 | 4 | 4 | 4 | 3 | 3 |
| 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | |
| 2 | 3 | 3 | 3 | 4 | 2 | 1 | 3 | 3 | 3 | 2 | 2 | |
Growth YoY PAT Growth YoY% | 53.5 | 145.9 | 630.8 | 277.6 | 102.6 | -44.3 | -59.3 | -11.2 | -25.8 | 59.3 | 63.8 | -21.4 |
NPM NPM% | 27.9 | 33.4 | 31.4 | 32.5 | 35.1 | 18.8 | 13.7 | 27.4 | 27.0 | 25.6 | 17.6 | 21.5 |
| 2.9 | 4.4 | 4.2 | 4.7 | 5.8 | 2.5 | 1.7 | 4.2 | 4.3 | 3.9 | 2.8 | 3.3 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 9 | 9 | 10 | 11 | 9 | 8 | 10 | 11 | 10 | 11 | 10 | |
Growth YoY Revenue Growth YoY% | 30.2 | 55.4 | 65.8 | 68.7 | 61.3 | -0.9 | -7.0 | 5.4 | -3.6 | 16.5 | 27.8 | 0.3 |
| 4 | 5 | 5 | 6 | 6 | 6 | 7 | 6 | 6 | 6 | 8 | 7 | |
| 3 | 4 | 4 | 4 | 6 | 3 | 2 | 4 | 4 | 4 | 3 | 3 | |
OPM OPM% | 39.0 | 46.7 | 45.5 | 44.0 | 50.5 | 30.0 | 22.6 | 39.0 | 40.4 | 39.7 | 30.2 | 32.2 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PBT PBTCr | 3 | 4 | 4 | 4 | 5 | 2 | 2 | 4 | 4 | 4 | 3 | 3 |
| 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | |
| 2 | 3 | 3 | 3 | 4 | 2 | 1 | 3 | 3 | 3 | 2 | 2 | |
Growth YoY PAT Growth YoY% | 53.5 | 145.9 | 630.8 | 277.6 | 102.6 | -44.3 | -59.3 | -11.2 | -25.8 | 59.3 | 63.8 | -21.4 |
NPM NPM% | 27.9 | 33.4 | 31.4 | 32.5 | 35.1 | 18.8 | 13.7 | 27.4 | 27.0 | 25.6 | 17.6 | 21.5 |
| 2.9 | 4.4 | 4.2 | 4.7 | 5.8 | 2.5 | 1.7 | 4.2 | 4.3 | 3.9 | 2.8 | 3.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 10 | 11 | 17 | 12 | 11 | 15 | 20 | 23 | 31 | 37 | 41 | 42 |
Growth Revenue Growth% | -5.6 | 2.6 | 62.1 | -31.1 | -8.0 | 36.3 | 32.9 | 13.1 | 35.1 | 21.7 | 10.4 | 8.8 |
| 9 | 8 | 10 | 9 | 10 | 10 | 12 | 17 | 18 | 23 | 25 | 27 | |
| 2 | 2 | 8 | 3 | 1 | 5 | 8 | 6 | 12 | 15 | 16 | 15 | |
OPM OPM% | 17.7 | 21.3 | 43.5 | 25.0 | 6.5 | 31.8 | 38.0 | 25.1 | 40.5 | 39.3 | 38.6 | 35.6 |
| 0 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
PBT PBTCr | 2 | 4 | 8 | 2 | 0 | 4 | 7 | 5 | 12 | 13 | 14 | 13 |
| 1 | 1 | 2 | 1 | 0 | 1 | 1 | 2 | 3 | 3 | 4 | 3 | |
PAT PATCr | 1 | 3 | 6 | 2 | 0 | 4 | 5 | 3 | 9 | 10 | 10 | 10 |
Growth PAT Growth% | -35.9 | 178.4 | 104.0 | -70.7 | -115.8 | 1,323.3 | 53.1 | -42.8 | 178.7 | 15.6 | 3.6 | 1.0 |
NPM NPM% | 10.5 | 28.5 | 35.9 | 15.3 | -2.6 | 23.6 | 27.1 | 13.7 | 28.3 | 26.9 | 25.2 | 22.9 |
| 1.0 | 2.7 | 6.3 | 2.1 | -0.5 | 5.2 | 8.0 | 4.6 | 12.7 | 14.7 | 15.2 | 14.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 10 | 11 | 17 | 12 | 11 | 15 | 20 | 23 | 31 | 37 | 41 | 42 |
Growth Revenue Growth% | -5.6 | 2.6 | 62.1 | -31.1 | -8.0 | 36.3 | 32.9 | 13.1 | 35.1 | 21.7 | 10.4 | 8.8 |
| 9 | 8 | 10 | 9 | 10 | 10 | 12 | 17 | 18 | 23 | 25 | 27 | |
| 2 | 2 | 8 | 3 | 1 | 5 | 8 | 6 | 12 | 15 | 16 | 15 | |
OPM OPM% | 17.7 | 21.3 | 43.5 | 25.0 | 6.5 | 31.8 | 38.0 | 25.1 | 40.5 | 39.3 | 38.6 | 35.6 |
| 0 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
PBT PBTCr | 2 | 4 | 8 | 2 | 0 | 4 | 7 | 5 | 12 | 13 | 14 | 13 |
| 1 | 1 | 2 | 1 | 0 | 1 | 1 | 2 | 3 | 3 | 4 | 3 | |
PAT PATCr | 1 | 3 | 6 | 2 | 0 | 4 | 5 | 3 | 9 | 10 | 10 | 10 |
Growth PAT Growth% | -35.9 | 178.4 | 104.0 | -70.7 | -115.8 | 1,323.3 | 53.1 | -42.8 | 178.7 | 15.6 | 3.6 | 1.0 |
NPM NPM% | 10.5 | 28.5 | 35.9 | 15.3 | -2.6 | 23.6 | 27.1 | 13.7 | 28.3 | 26.9 | 25.2 | 22.9 |
| 1.0 | 2.7 | 6.3 | 2.1 | -0.5 | 5.2 | 8.0 | 4.6 | 12.7 | 14.7 | 15.2 | 14.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 6 | 6 | 4 | 4 | 3 | 3 | 3 | 7 | 7 | 7 | 7 |
Reserves ReservesCr | 18 | 22 | 23 | 25 | 18 | 22 | 27 | 27 | 35 | 44 | 54 |
| 4 | 5 | 9 | 4 | 7 | 11 | 31 | 29 | 29 | 36 | 44 | |
| 0 | 1 | 0 | 0 | 0 | 0 | 3 | 1 | 1 | 1 | 2 | |
| 27 | 33 | 37 | 33 | 29 | 36 | 65 | 63 | 72 | 89 | 106 | |
| 10 | 9 | 15 | 12 | 20 | 22 | 47 | 47 | 40 | 42 | 50 | |
| 17 | 23 | 22 | 22 | 9 | 14 | 18 | 16 | 32 | 46 | 56 | |
| 27 | 33 | 37 | 33 | 29 | 36 | 65 | 63 | 72 | 89 | 106 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 6 | 6 | 4 | 4 | 3 | 3 | 3 | 7 | 7 | 7 | 7 |
Reserves ReservesCr | 18 | 22 | 23 | 25 | 18 | 22 | 27 | 27 | 35 | 44 | 54 |
| 4 | 5 | 9 | 4 | 7 | 11 | 31 | 29 | 29 | 36 | 44 | |
| 0 | 1 | 0 | 0 | 0 | 0 | 3 | 1 | 1 | 1 | 2 | |
| 27 | 33 | 37 | 33 | 29 | 36 | 65 | 63 | 72 | 89 | 106 | |
| 10 | 9 | 15 | 12 | 20 | 22 | 47 | 47 | 40 | 42 | 50 | |
| 17 | 23 | 22 | 22 | 9 | 14 | 18 | 16 | 32 | 46 | 56 | |
| 27 | 33 | 37 | 33 | 29 | 36 | 65 | 63 | 72 | 89 | 106 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | 7 | 0 | -4 | 2 | 1 | -1 | 5 | -7 | -7 | |
| -1 | -3 | -2 | 3 | 11 | -2 | -3 | 2 | -1 | -1 | 0 | |
| -1 | 1 | -6 | -2 | -8 | 0 | 3 | -1 | -4 | 8 | 7 | |
Net Cash Flow Net Cash FlowCr | -1 | -1 | -1 | 1 | 0 | -1 | 1 | 0 | 0 | 0 | 0 |
Free Cash Flow Free Cash FlowCr | 0 | -2 | 6 | 0 | -5 | 1 | -6 | -2 | 4 | -8 | -9 |
CFO To PAT CFO To PAT% | 74.1 | 30.4 | 106.7 | 25.0 | 1,466.4 | 52.3 | 9.7 | -16.0 | 52.4 | -72.2 | -71.5 |
CFO To EBITDA CFO To EBITDA% | 43.9 | 40.7 | 88.0 | 15.2 | -587.6 | 38.7 | 7.0 | -8.7 | 36.7 | -49.4 | -46.8 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | 7 | 0 | -4 | 2 | 1 | -1 | 5 | -7 | -7 | |
| -1 | -3 | -2 | 3 | 11 | -2 | -3 | 2 | -1 | -1 | 0 | |
| -1 | 1 | -6 | -2 | -8 | 0 | 3 | -1 | -4 | 8 | 7 | |
Net Cash Flow Net Cash FlowCr | -1 | -1 | -1 | 1 | 0 | -1 | 1 | 0 | 0 | 0 | 0 |
Free Cash Flow Free Cash FlowCr | 0 | -2 | 6 | 0 | -5 | 1 | -6 | -2 | 4 | -8 | -9 |
CFO To PAT CFO To PAT% | 74.1 | 30.4 | 106.7 | 25.0 | 1,466.4 | 52.3 | 9.7 | -16.0 | 52.4 | -72.2 | -71.5 |
CFO To EBITDA CFO To EBITDA% | 43.9 | 40.7 | 88.0 | 15.2 | -587.6 | 38.7 | 7.0 | -8.7 | 36.7 | -49.4 | -46.8 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 16 | 19 | 28 | 22 | 14 | 17 | 25 | 46 | 59 | 75 | 61 | 65 |
Price To Earnings Price To Earnings | 16.3 | 6.1 | 4.4 | 12.0 | 4.7 | 4.7 | 14.8 | 6.8 | 7.5 | 5.9 | 6.7 | |
Price To Sales Price To Sales | 1.5 | 1.7 | 1.5 | 1.8 | 1.3 | 1.1 | 1.3 | 2.0 | 1.9 | 2.0 | 1.5 | 1.5 |
Price To Book Price To Book | 0.7 | 0.7 | 1.0 | 0.8 | 0.7 | 0.7 | 0.8 | 1.4 | 1.4 | 1.5 | 1.0 | 1.1 |
EV To EBITDA EV To EBITDA | 4.9 | 5.9 | 3.1 | 6.5 | 3.9 | 1.2 | 1.5 | 5.3 | 2.9 | 3.9 | 2.6 | 3.0 |
GPM GPM% | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
OPM OPM% | 17.7 | 21.3 | 43.5 | 25.0 | 6.5 | 31.8 | 38.0 | 25.1 | 40.5 | 39.3 | 38.6 | 35.6 |
NPM NPM% | 10.5 | 28.5 | 35.9 | 15.3 | -2.6 | 23.6 | 27.1 | 13.7 | 28.3 | 26.9 | 25.2 | 22.9 |
ROCE ROCE% | 7.1 | 13.8 | 28.4 | 9.3 | 0.8 | 16.1 | 20.9 | 14.5 | 28.3 | 23.3 | 19.1 | 19.1 |
ROE ROE% | 4.7 | 11.2 | 22.9 | 6.3 | -1.3 | 14.1 | 17.7 | 9.2 | 20.7 | 19.7 | 17.1 | 17.1 |
ROA ROA% | 4.0 | 9.3 | 17.0 | 5.5 | -1.0 | 9.8 | 8.4 | 4.9 | 12.0 | 11.3 | 9.8 | 9.8 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 16 | 19 | 28 | 22 | 14 | 17 | 25 | 46 | 59 | 75 | 61 | 65 |
Price To Earnings Price To Earnings | 16.3 | 6.1 | 4.4 | 12.0 | 4.7 | 4.7 | 14.8 | 6.8 | 7.5 | 5.9 | 6.7 | |
Price To Sales Price To Sales | 1.5 | 1.7 | 1.5 | 1.8 | 1.3 | 1.1 | 1.3 | 2.0 | 1.9 | 2.0 | 1.5 | 1.5 |
Price To Book Price To Book | 0.7 | 0.7 | 1.0 | 0.8 | 0.7 | 0.7 | 0.8 | 1.4 | 1.4 | 1.5 | 1.0 | 1.1 |
EV To EBITDA EV To EBITDA | 4.9 | 5.9 | 3.1 | 6.5 | 3.9 | 1.2 | 1.5 | 5.3 | 2.9 | 3.9 | 2.6 | 3.0 |
GPM GPM% | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
OPM OPM% | 17.7 | 21.3 | 43.5 | 25.0 | 6.5 | 31.8 | 38.0 | 25.1 | 40.5 | 39.3 | 38.6 | 35.6 |
NPM NPM% | 10.5 | 28.5 | 35.9 | 15.3 | -2.6 | 23.6 | 27.1 | 13.7 | 28.3 | 26.9 | 25.2 | 22.9 |
ROCE ROCE% | 7.1 | 13.8 | 28.4 | 9.3 | 0.8 | 16.1 | 20.9 | 14.5 | 28.3 | 23.3 | 19.1 | 19.1 |
ROE ROE% | 4.7 | 11.2 | 22.9 | 6.3 | -1.3 | 14.1 | 17.7 | 9.2 | 20.7 | 19.7 | 17.1 | 17.1 |
ROA ROA% | 4.0 | 9.3 | 17.0 | 5.5 | -1.0 | 9.8 | 8.4 | 4.9 | 12.0 | 11.3 | 9.8 | 9.8 |
Documents — SKP Securities Ltd