Financial Results Overview

Standalone Performance (Amount in ₹ Millions)

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹2,662.30
  • Other income: ₹12.60
  • Total income: ₹2,674.90
  • Profit before tax: ₹142.98
  • Total tax expense: ₹23.63
  • Profit for the quarter: ₹119.35
  • Basic EPS: ₹5.88 (not annualized)

Year Ended March 31, 2026:

  • Revenue from operations: ₹9,793.98
  • Other income: ₹58.33
  • Total income: ₹9,852.31
  • Profit before tax: ₹469.64
  • Total tax expense: ₹94.03
  • Profit for the year: ₹375.61
  • Basic EPS: ₹17.30 (annualized)

Consolidated Performance (Amount in ₹ Millions)

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹2,675.18
  • Other income: ₹12.60
  • Total income: ₹2,687.78
  • Profit before tax: ₹141.49
  • Total tax expense: ₹22.79
  • Profit for the quarter: ₹118.70
  • Basic EPS: ₹5.86 (not annualized)

Year Ended March 31, 2026:

  • Revenue from operations: ₹9,807.76
  • Other income: ₹58.33
  • Total income: ₹9,866.09
  • Profit before tax: ₹457.50
  • Total tax expense: ₹94.01
  • Profit for the year: ₹363.49
  • Basic EPS: ₹16.79 (annualized)

IPO Completion Details

During the year ended March 31, 2026, the company completed its Initial Public Offering comprising:

  • Fresh issue of 49,13,294 equity shares
  • Offer for sale of 12,38,000 equity shares by selling shareholders
  • Face value: ₹10 per share
  • Issue price: ₹519 per equity share

Total issue-related expenses amounted to ₹826.67 million, with ₹452.01 million adjusted from IPO proceeds and ₹374.66 million funded through company's own funds.

IPO Proceeds Utilization

As of March 31, 2026:

  • Towards repayment of loan: ₹510.00 million (fully utilized)
  • Towards working capital: ₹1,190.00 million (unutilized)
  • Towards General Corporate Purpose: ₹397.99 million (unutilized)
  • Towards payment of issue expense: ₹452.01 million (₹440.19 utilized, ₹11.82 unutilized)

Total unutilized amount: ₹1,599.81 million, with ₹1,449.99 million temporarily invested in fixed deposits with scheduled commercial banks.

Management Changes

Subsequent to the quarter ended March 31, 2026 and up to the approval date (May 25, 2026):

  • Ms. Sudha Hooda, Independent Director, resigned effective April 6, 2026
  • Mr. Aditya Jha appointed as Independent Director effective April 10, 2026 (subject to shareholder approval)

Tax Matters

The company has received demand orders from the GST Department for:

  • FY 2019-20: Amount not specified
  • FY 2023-24: Amount not specified

Total demand: ₹209.98 million

The company has filed appeals before appellate authorities against these demands.

Segment Information

The company operates in five main business segments:

1. Security Services - Manned guarding, armed security, event security, executive protection, electronic surveillance

2. Facility Management Services - Housekeeping, cleaning, technical and non-technical facility management

3. Manpower Sourcing & HR Solutions - Recruitment, temporary staffing, payroll processing, manpower outsourcing

4. Toll Plaza Management - Toll collection operations, lane management for highway toll plazas

5. Skill Development & Training - Vocational training, workforce skill development programs

Board Meeting Details

  • Meeting held on May 28, 2026
  • Commenced at 10:31 AM
  • Concluded at 11:00 AM
  • Results approved by Board of Directors

Auditor Information

  • Auditor: S R G A & Co., Chartered Accountants
  • Firm Registration No.: 011984N
  • Partner: Sandeep Gupta
  • Membership No.: 090039
  • Date of report: May 28, 2026

Impact of New Labour Codes

The company assessed the impact of four new Labour Codes notified on November 21, 2025, and concluded that there is no impact on the company's financial statements with respect to gratuity as the company was already aligned with the 50 percent threshold prescribed under the new codes.