| Line item | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 15 | 22 | 32 |
| EBITDA | 3 | 7 | 6 |
| Margin | 19% | 32% | 19% |
| Net profit | 2 | 4 | 4 |
| EPS | 1.55 | 3.04 | 1.75 |
₹ crore. Year-on-year against the same quarter last year.
| Line item | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 8 |
| Reserves | 1 | 5 | 9 | 30 |
| Borrowings | 12 | 11 | 12 | 20 |
| Other Liabilities | 3 | 9 | 8 | 8 |
| Total Liabilities | 21 | 30 | 35 | 66 |
| AssetsFixed Assets | 7 | 11 | 11 | 15 |
| CWIP | 1 | 2 | 0 | 13 |
| Investments | 0 | 0 | 8 | 13 |
| Other Assets | 13 | 17 | 15 | 24 |
| Total Assets | 21 | 30 | 35 | 66 |
| Line item | FY24 | FY25 | FY26 |
|---|---|---|---|
| ActivitiesCash from Operating | -2 | 7 | -8 |
| Cash from Investing | -1 | -6 | -21 |
| Cash from Financing | 4 | -2 | 30 |
| SummaryCapital Expenditure | — | — | — |
| Free Cash Flow | -2 | 1 | -26 |
| FCF Margin | — | — | — |
| Ratio | FY24 | FY25 | FY26 | YoY | 3-yr |
|---|---|---|---|---|---|
| Returns | — | 32% | 30% | −2.3 pp | Worsening |
| Leverage | 2.00× | 1.05× | 0.54× | −0.51× | Improving |
| Working capital | 449 | 65 | 0 | −65 d | Improving |
| 516 | 113 | 88 | −25 d | Improving | |
| 214 | 54 | 20 | −34 d | ||
| 750 | 124 | 68 | −56 d | Improving | |
| 154 | -19 | 96 | +115 d | Improving | |
| Payout | — | 0% | 0% | 0.0 pp |
Margins, returns, leverage and efficiency are computed from the filed statements (year-end balances). Working-capital days and payout are as published by Screener — receivables and inventory sit inside other assets in our statements. 3-yr compares the latest year with three years earlier; small moves read as stable.
We need at least a year of quarterly results to build a defensible base. Check back once more filings are in.
MPEL · INSUFFICIENT_HISTORY
Guides on how to read this kind of business and the numbers that matter.