Key risks
Profitability crisis: Three consecutive quarters (Dec 2025 to Mar 2026) produced combined losses of ₹36 Cr — verify the root causes and whether they have been resolved
Margin volatility: OPM fell from 7.57% (Sep 2025) to 0.97% (Dec 2025) and remained near-zero or negative, raising questions about cost structure, client mix, or pricing power
Capital inefficiency: ROE of 1.36% indicates severe underutilization of shareholder capital — check what operational or asset-related issues underlie this
Revenue instability: Sep 2025's ₹272.8 Cr was a significant outlier; verify whether this reflects one-time projects or inconsistent deal pipeline
Generated analysis · source review pending