reported its highest-ever annual revenue of ₹243 crore for FY 2025-26, a 34.8 per cent year-on-year increase, according to an investor presentation filed with the BSE and NSE on Tuesday, May 5, 2026. Despite the strong financials, the stock was trading at ₹234.31 on the NSE as of 12.32 pm, down 6.78 per cent from its previous close of ₹251.36.
The Gurgaon-based mineral and energy exploration company also recorded its highest-ever Profit After Tax of ₹33 crore for FY26, more than doubling from ₹16.4 crore in FY25. EBITDA margins expanded sharply to 23.99 per cent from 18.64 per cent in the prior year. Diluted earnings per share rose to ₹10.82 from ₹5.83. Return on Capital Employed improved from 16 per cent to 23 per cent.
The company’s order book stood at ₹581.2 crore as of March 31, 2026, up from ₹328.7 crore a year earlier, with 73 per cent of orders coming from private sector clients. There are 19 active projects across segments including mineral survey and exploration, aquifer mapping, CBM production, and seismic exploration.
Key operational developments during the year included securing the largest single order in company history — over ₹307 crore from a subsidiary of Hindustan Zinc Limited for core drilling — and being notified as an accredited prospecting agency by India’s Ministry of Coal. The company also commenced underground drilling operations and expanded to 6 exploration domains across 8 states.
On the international front, the company’s first Oman joint venture with Alara Resources is executing an 11-year, USD 125 million copper mining contract, while a second JV was awarded Mining Block 22-B in January 2025, covering copper, gold, silver, and chromite reserves.
Despite the record results, Tuesday’s sell-off pushed the stock well below its 52-week high of ₹264, touched on April 20, 2026. The stock has returned 89.19 per cent over the past year against the Nifty 50’s decline of 2.11 per cent.