Result:Weak#Base effect#Margin expansion
| Metric | Value (₹ Cr) | Q4 FY26 | Q1 FY26 |
|---|---|---|---|
| Revenue | 15.79 | 60.3% | 28.4% |
| Total Income | 15.82 | 61.0% | 30.7% |
| Expenditure | 15.67 | 60.9% | 31.0% |
| PBT | 0.15 | 67.2% | 20.4% |
| Net Profit | 0.16 | 43.5% | 91.3% |
| OPM | 4.22% | 4.48pp | 5.51pp |
| NPM | 0.99% | 0.31pp | 0.63pp |
| EPS | 0.25 | 43.2% | 92.3% |
Revenue (the key metric for industrials) fell sharply 28.4% YoY, and the reported 91.3% PAT growth is an illusion of a tiny base plus a tax credit swing rather than real operating strength, even as OPM improved to 4.2% from negative territory.
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