| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 247 | 253 | 242 | 275 | 199 | 180 | 214 | 257 | 229 | 156 | 165 | 147 | |
Growth YoY Revenue Growth YoY% | -2.3 | 13.2 | 3.5 | 16.8 | -19.5 | -28.7 | -11.4 | -6.5 | 15.3 | -13.4 | -22.9 | -43.0 |
| 247 | 254 | 245 | 260 | 189 | 192 | 213 | 245 | 227 | 167 | 169 | 153 | |
| 0 | -1 | -3 | 15 | 10 | -12 | 1 | 13 | 2 | -11 | -4 | -6 | |
OPM OPM% | 0.1 | -0.4 | -1.4 | 5.5 | 5.2 | -6.8 | 0.3 | 4.9 | 1.0 | -7.0 | -2.6 | -4.3 |
| 15 | 2 | 0 | 1 | 1 | 0 | 1 | 0 | 15 | 6 | 11 | 11 | |
Interest Expense Interest ExpenseCr | 10 | 10 | 10 | 10 | 9 | 9 | 39 | 17 | 18 | 17 | 21 | 20 |
Depreciation DepreciationCr | 6 | 6 | 7 | 6 | 6 | 6 | 5 | 6 | 6 | 6 | 5 | 6 |
PBT PBTCr | -1 | -14 | -20 | 1 | -4 | -27 | -42 | -10 | -6 | -29 | -19 | -21 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| -1 | -14 | -20 | 1 | -4 | -27 | -42 | -10 | -6 | -29 | -19 | -21 | |
Growth YoY PAT Growth YoY% | -100.3 | -107.5 | 70.5 | 104.1 | -512.7 | -86.5 | -110.2 | -1,867.2 | -40.0 | -6.2 | 53.7 | -108.9 |
NPM NPM% | -0.3 | -5.7 | -8.2 | 0.2 | -2.2 | -15.0 | -19.6 | -4.0 | -2.7 | -18.3 | -11.7 | -14.6 |
| -0.4 | -8.7 | -12.0 | 0.3 | -2.6 | -16.3 | -25.4 | -6.2 | -3.7 | -17.4 | -11.8 | -13.0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 247 | 253 | 242 | 275 | 199 | 180 | 214 | 257 | 229 | 156 | 165 | 147 | |
Growth YoY Revenue Growth YoY% | -2.3 | 13.2 | 3.5 | 16.8 | -19.5 | -28.7 | -11.4 | -6.5 | 15.3 | -13.4 | -22.9 | -43.0 |
| 247 | 254 | 245 | 260 | 189 | 192 | 213 | 245 | 227 | 167 | 169 | 153 | |
| 0 | -1 | -3 | 15 | 10 | -12 | 1 | 13 | 2 | -11 | -4 | -6 | |
OPM OPM% | 0.1 | -0.4 | -1.4 | 5.5 | 5.2 | -6.8 | 0.3 | 4.9 | 1.0 | -7.0 | -2.6 | -4.3 |
| 15 | 2 | 0 | 1 | 1 | 0 | 1 | 0 | 15 | 6 | 11 | 11 | |
Interest Expense Interest ExpenseCr | 10 | 10 | 10 | 10 | 9 | 9 | 39 | 17 | 18 | 17 | 21 | 20 |
Depreciation DepreciationCr | 6 | 6 | 7 | 6 | 6 | 6 | 5 | 6 | 6 | 6 | 5 | 6 |
PBT PBTCr | -1 | -14 | -20 | 1 | -4 | -27 | -42 | -10 | -6 | -29 | -19 | -21 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| -1 | -14 | -20 | 1 | -4 | -27 | -42 | -10 | -6 | -29 | -19 | -21 | |
Growth YoY PAT Growth YoY% | -100.3 | -107.5 | 70.5 | 104.1 | -512.7 | -86.5 | -110.2 | -1,867.2 | -40.0 | -6.2 | 53.7 | -108.9 |
NPM NPM% | -0.3 | -5.7 | -8.2 | 0.2 | -2.2 | -15.0 | -19.6 | -4.0 | -2.7 | -18.3 | -11.7 | -14.6 |
| -0.4 | -8.7 | -12.0 | 0.3 | -2.6 | -16.3 | -25.4 | -6.2 | -3.7 | -17.4 | -11.8 | -13.0 |
| 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 | 919 | 534 | 705 | 837 | 750 | 620 | 850 | 1,022 | 977 | 868 | 808 | 697 |
Growth Revenue Growth% | -29.0 | -41.9 | 32.1 | 18.7 | -10.3 | -17.4 | 37.2 | 20.2 | -4.4 | -11.1 | -7.0 | -18.0 |
| 851 | 507 | 695 | 805 | 719 | 595 | 831 | 1,005 | 975 | 855 | 808 | 716 | |
| 68 | 27 | 10 | 32 | 31 | 25 | 18 | 16 | 2 | 14 | 0 | -19 | |
OPM OPM% | 7.4 | 5.0 | 1.4 | 3.9 | 4.1 | 4.0 | 2.2 | 1.6 | 0.2 | 1.6 | -0.1 | -2.8 |
| 4 | -2 | -7 | 4 | 1 | 197 | 805 | 213 | 18 | 3 | 32 | 43 | |
Interest Expense Interest ExpenseCr | 96 | 116 | 140 | 228 | 226 | 205 | 7 | 14 | 42 | 67 | 74 | 77 |
Depreciation DepreciationCr | 17 | 25 | 26 | 25 | 26 | 25 | 25 | 26 | 25 | 23 | 22 | 22 |
PBT PBTCr | -42 | -116 | -163 | -217 | -220 | -8 | 791 | 189 | -48 | -73 | -64 | -75 |
| -6 | -22 | -1 | 2 | -1 | 3 | 0 | -57 | 1 | 0 | 0 | 0 | |
PAT PATCr | -36 | -94 | -161 | -219 | -219 | -12 | 791 | 246 | -49 | -73 | -64 | -75 |
Growth PAT Growth% | 17.0 | -165.1 | -71.1 | -36.2 | 0.1 | 94.7 | 6,939.3 | -68.9 | -120.0 | -47.7 | 11.3 | 9.5 |
NPM NPM% | -3.9 | -17.6 | -22.9 | -26.2 | -29.2 | -1.9 | 93.0 | 24.1 | -5.0 | -8.4 | -8.0 | -10.8 |
| -24.2 | -44.2 | -109.6 | -149.2 | -149.0 | -7.9 | 537.5 | 78.8 | -29.7 | -44.1 | -39.1 | -45.9 |
| 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 | 919 | 534 | 705 | 837 | 750 | 620 | 850 | 1,022 | 977 | 868 | 808 | 697 |
Growth Revenue Growth% | -29.0 | -41.9 | 32.1 | 18.7 | -10.3 | -17.4 | 37.2 | 20.2 | -4.4 | -11.1 | -7.0 | -18.0 |
| 851 | 507 | 695 | 805 | 719 | 595 | 831 | 1,005 | 975 | 855 | 808 | 716 | |
| 68 | 27 | 10 | 32 | 31 | 25 | 18 | 16 | 2 | 14 | 0 | -19 | |
OPM OPM% | 7.4 | 5.0 | 1.4 | 3.9 | 4.1 | 4.0 | 2.2 | 1.6 | 0.2 | 1.6 | -0.1 | -2.8 |
| 4 | -2 | -7 | 4 | 1 | 197 | 805 | 213 | 18 | 3 | 32 | 43 | |
Interest Expense Interest ExpenseCr | 96 | 116 | 140 | 228 | 226 | 205 | 7 | 14 | 42 | 67 | 74 | 77 |
Depreciation DepreciationCr | 17 | 25 | 26 | 25 | 26 | 25 | 25 | 26 | 25 | 23 | 22 | 22 |
PBT PBTCr | -42 | -116 | -163 | -217 | -220 | -8 | 791 | 189 | -48 | -73 | -64 | -75 |
| -6 | -22 | -1 | 2 | -1 | 3 | 0 | -57 | 1 | 0 | 0 | 0 | |
PAT PATCr | -36 | -94 | -161 | -219 | -219 | -12 | 791 | 246 | -49 | -73 | -64 | -75 |
Growth PAT Growth% | 17.0 | -165.1 | -71.1 | -36.2 | 0.1 | 94.7 | 6,939.3 | -68.9 | -120.0 | -47.7 | 11.3 | 9.5 |
NPM NPM% | -3.9 | -17.6 | -22.9 | -26.2 | -29.2 | -1.9 | 93.0 | 24.1 | -5.0 | -8.4 | -8.0 | -10.8 |
| -24.2 | -44.2 | -109.6 | -149.2 | -149.0 | -7.9 | 537.5 | 78.8 | -29.7 | -44.1 | -39.1 | -45.9 |
| 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 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 17 | 17 | 16 | 16 |
Reserves ReservesCr | 50 | -52 | -212 | -431 | -649 | -661 | 129 | 379 | 327 | 233 | 169 |
| 504 | 741 | 936 | 1,022 | 1,070 | 908 | 627 | 273 | 267 | 348 | 276 | |
| 705 | 506 | 431 | 499 | 624 | 712 | 164 | 265 | 246 | 253 | 344 | |
| 1,284 | 1,210 | 1,170 | 1,105 | 1,061 | 974 | 935 | 933 | 856 | 851 | 806 | |
| 647 | 456 | 437 | 395 | 372 | 310 | 292 | 290 | 205 | 215 | 195 | |
| 637 | 754 | 733 | 710 | 688 | 663 | 642 | 643 | 651 | 635 | 611 | |
| 1,284 | 1,210 | 1,170 | 1,105 | 1,061 | 974 | 935 | 933 | 856 | 851 | 806 |
| 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 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 17 | 17 | 16 | 16 |
Reserves ReservesCr | 50 | -52 | -212 | -431 | -649 | -661 | 129 | 379 | 327 | 233 | 169 |
| 504 | 741 | 936 | 1,022 | 1,070 | 908 | 627 | 273 | 267 | 348 | 276 | |
| 705 | 506 | 431 | 499 | 624 | 712 | 164 | 265 | 246 | 253 | 344 | |
| 1,284 | 1,210 | 1,170 | 1,105 | 1,061 | 974 | 935 | 933 | 856 | 851 | 806 | |
| 647 | 456 | 437 | 395 | 372 | 310 | 292 | 290 | 205 | 215 | 195 | |
| 637 | 754 | 733 | 710 | 688 | 663 | 642 | 643 | 651 | 635 | 611 | |
| 1,284 | 1,210 | 1,170 | 1,105 | 1,061 | 974 | 935 | 933 | 856 | 851 | 806 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 112 | 9 | 149 | 109 | 41 | 235 | 864 | 340 | 15 | 39 | 3 | |
| -29 | -13 | 8 | 5 | -4 | -3 | -5 | 0 | 53 | -10 | 38 | |
| -115 | 6 | -209 | -118 | -37 | -229 | -862 | -330 | -80 | -30 | -40 | |
Net Cash Flow Net Cash FlowCr | -31 | 2 | -51 | -4 | -1 | 3 | -3 | 10 | -12 | -1 | 1 |
Free Cash Flow Free Cash FlowCr | 82 | -10 | 144 | 112 | 38 | 234 | 860 | 336 | 68 | 28 | 40 |
CFO To PAT CFO To PAT% | -316.6 | -9.3 | -92.5 | -49.7 | -18.9 | -2,031.5 | 109.2 | 138.5 | -31.2 | -53.8 | -4.2 |
CFO To EBITDA CFO To EBITDA% | 166.4 | 32.6 | 1,479.8 | 338.4 | 134.4 | 937.4 | 4,680.6 | 2,087.9 | 802.2 | 282.5 | -695.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 112 | 9 | 149 | 109 | 41 | 235 | 864 | 340 | 15 | 39 | 3 | |
| -29 | -13 | 8 | 5 | -4 | -3 | -5 | 0 | 53 | -10 | 38 | |
| -115 | 6 | -209 | -118 | -37 | -229 | -862 | -330 | -80 | -30 | -40 | |
Net Cash Flow Net Cash FlowCr | -31 | 2 | -51 | -4 | -1 | 3 | -3 | 10 | -12 | -1 | 1 |
Free Cash Flow Free Cash FlowCr | 82 | -10 | 144 | 112 | 38 | 234 | 860 | 336 | 68 | 28 | 40 |
CFO To PAT CFO To PAT% | -316.6 | -9.3 | -92.5 | -49.7 | -18.9 | -2,031.5 | 109.2 | 138.5 | -31.2 | -53.8 | -4.2 |
CFO To EBITDA CFO To EBITDA% | 166.4 | 32.6 | 1,479.8 | 338.4 | 134.4 | 937.4 | 4,680.6 | 2,087.9 | 802.2 | 282.5 | -695.4 |
| 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 | 28 | 95 | 140 | 69 | 47 | 47 | ||||||
Price To Earnings Price To Earnings | 0.4 | |||||||||||
Price To Sales Price To Sales | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | ||||||
Price To Book Price To Book | 0.4 | 0.2 | 0.4 | 0.3 | 0.3 | 0.3 | ||||||
EV To EBITDA EV To EBITDA | 12.2 | 28.2 | 248.5 | 31.9 | -1,151.0 | -23.1 | ||||||
GPM GPM% | 13.3 | 13.4 | 11.0 | 11.0 | 11.1 | 12.4 | 7.4 | 7.9 | 4.6 | 6.8 | 6.2 | 6.2 |
OPM OPM% | 7.4 | 5.0 | 1.4 | 3.9 | 4.1 | 4.0 | 2.2 | 1.6 | 0.2 | 1.6 | -0.1 | -2.8 |
NPM NPM% | -3.9 | -17.6 | -22.9 | -26.2 | -29.2 | -1.9 | 93.0 | 24.1 | -5.0 | -8.4 | -8.0 | -10.8 |
ROCE ROCE% | 6.2 | 0.0 | -3.2 | 1.8 | 1.1 | 31.8 | 102.1 | 26.3 | -0.9 | -0.9 | 1.6 | 1.6 |
ROE ROE% | -55.1 | 255.7 | 81.7 | 52.7 | 34.6 | 1.8 | 550.2 | 62.2 | -14.3 | -29.1 | -34.7 | -34.7 |
ROA ROA% | -2.8 | -7.8 | -13.8 | -19.9 | -20.7 | -1.2 | 84.6 | 26.3 | -5.7 | -8.5 | -8.0 | -8.0 |
| 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 | 28 | 95 | 140 | 69 | 47 | 47 | ||||||
Price To Earnings Price To Earnings | 0.4 | |||||||||||
Price To Sales Price To Sales | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | ||||||
Price To Book Price To Book | 0.4 | 0.2 | 0.4 | 0.3 | 0.3 | 0.3 | ||||||
EV To EBITDA EV To EBITDA | 12.2 | 28.2 | 248.5 | 31.9 | -1,151.0 | -23.1 | ||||||
GPM GPM% | 13.3 | 13.4 | 11.0 | 11.0 | 11.1 | 12.4 | 7.4 | 7.9 | 4.6 | 6.8 | 6.2 | 6.2 |
OPM OPM% | 7.4 | 5.0 | 1.4 | 3.9 | 4.1 | 4.0 | 2.2 | 1.6 | 0.2 | 1.6 | -0.1 | -2.8 |
NPM NPM% | -3.9 | -17.6 | -22.9 | -26.2 | -29.2 | -1.9 | 93.0 | 24.1 | -5.0 | -8.4 | -8.0 | -10.8 |
ROCE ROCE% | 6.2 | 0.0 | -3.2 | 1.8 | 1.1 | 31.8 | 102.1 | 26.3 | -0.9 | -0.9 | 1.6 | 1.6 |
ROE ROE% | -55.1 | 255.7 | 81.7 | 52.7 | 34.6 | 1.8 | 550.2 | 62.2 | -14.3 | -29.1 | -34.7 | -34.7 |
ROA ROA% | -2.8 | -7.8 | -13.8 | -19.9 | -20.7 | -1.2 | 84.6 | 26.3 | -5.7 | -8.5 | -8.0 | -8.0 |
Documents — Tulsyan NEC Ltd