Flash Finance

Q2 FY26 quarterly results (July-September 2025)

5,073 companies have declared Q2 FY26 results so far, the latest on 14 Sep 2026.

Across the 4,407 non-financial companies with a year-ago quarter to compare, sales grew +12.8% and net profit +57.5% year on year, and the combined operating margin widened 96 bps to 14.3%.

For the 146 banks and lenders, net interest income grew +6.3% and net profit +7.3%.

54% of companies grew net profit; 337 turned a loss into a profit; 34% beat their own profit trend and 50% fell short of it.

Updated 13 Oct 2026, 13:46 IST 5073 declared
The next results season has started: 34 companies have filed results for the quarter ended 30 Sep 2026. See them →

Q2 FY26 scoreboard

Sales growth
+12.8%
YoY, 4407 companies combined; median +8.4%
Net profit growth
+57.5%
YoY combined; median +9.4%
Operating margin
14.3%
+96 bps YoY
Grew profit
54%
337 turnarounds, 405 into loss
Vs own profit trend
34% / 50%
above / below, 16% in line
Banks: NII growth
+6.3%
146 lenders; profit +7.3%
Price since results
-5.6%
median; 0% of 1 stocks up
Other-income heavy
1339
25%+ of pre-tax profit from other income & one-offs

Latest Q2 FY26 results 5073

Page 1 of 170

CMI Limited

CMICABLES · Cables & Wires · Q2 FY26 · Standalone · Filed
M Cap
₹4.0 Cr
P/E
—
PEG
—
Since results
-5.6%
  • Operating margin contracted 1096 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -50.4%+8.4% 15.013.830.1
Operating profit loss widenedto loss -2.80.4-2.3
OPM % -1096 bps-2174 bps -18.6%3.1%-7.7%
Other income -89.2%-76.3% 0.00.20.4
Net profit loss narrowedloss widened -4.8-1.3-6.3
PAT margin % -1101 bps-2271 bps -32.0%-9.3%-21.0%
EPS (₹) loss narrowedloss widened -0.30-0.08-3.95

Quality of profit

Pre-tax profit −₹4.8 Cr: core business −₹4.8 Cr, other income ₹0.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹7.0 Cr.

Borrowings ₹381 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹60.3₹15.0 -75.2% below
AI read of the filing CMI Limited Reports Q2 FY26 Loss; Accumulated Losses Reach Rs 168.64 Cr Amid CIRP Negative
  • Accumulated losses stood at Rs 16,863.91 lakhs as of September 30, 2025, completely eroding net worth against a paid-up equity capital of Rs 1,603.07 lakhs
  • Auditors issued a disclaimer of opinion, stating inability to obtain sufficient appropriate audit evidence under CIRP
  • Company failed to prepare accounts under Ind AS 34, using Companies (Accounts) Rules, 2014 framework instead
Full analysis →
📄 Results filing (PDF) Detailed financials →

Studio LSD Limited

STUDIOLSD · H1 FY26 · Standalone · Filed
M Cap
—
P/E
—
PEG
—
₹ Cr Sep 2025
Sales 39.3
Operating profit -4.8
OPM % -12.3%
Other income 1.1
Net profit -3.5
PAT margin % -8.9%
EPS (₹) -0.81

First results we hold for this company (a recent listing or a first filing), so there is no earlier quarter to compare with.

Quality of profit

Pre-tax profit −₹3.9 Cr: core business −₹4.9 Cr, other income ₹1.1 Cr.

Cash & debt

Borrowings ₹0.2 Cr at Sep 2025.

AI read of the filing Studio LSD Appoints Whole-time Director Parth Shah as CFO, Approves H1 FY26 Results Neutral
  • Whole-time Director Parth Shah appointed as CFO effective November 14, 2025, following Ruchika Mishra's resignation on October 25, 2025
  • Monitoring Agency reported no deviations in the utilization of ₹53.90 crore net fresh issue proceeds
  • IPO proceeds planned allocations include ₹18.00 crore for capex, ₹27.40 crore for working capital, and ₹8.50 crore for general corporate purposes
Full analysis →
📄 Results filing (PDF)

Reliance Industries Limited

RELIANCE · Refineries & Oil Marketing · Q2 FY26 · Consolidated
M Cap
₹15,68,278 Cr
P/E
17.8
PEG
3.56
  • Operating margin expanded 114 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +9.9%+4.1% 2,58,8982,48,6602,35,481
Operating profit +17.5%+6.9% 45,88542,90539,058
OPM % +114 bps+47 bps 17.7%17.3%16.6%
Other income -8.1%-70.4% 4,48215,1194,876
Net profit? +15.9%-28.1% 22,14630,78319,101
PAT margin % +44 bps-383 bps 8.6%12.4%8.1%
EPS (₹) +9.6%-32.7% 13.4219.9512.24

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹29,124 Cr: core business ₹24,642 Cr, other income ₹4,482 Cr.

Core profit YoY: +22.2% · reported profit +15.9%

Cash & debt

FY25 cash from operations ₹1,78,703 Cr: 220% of FY25 net profit of ₹81,087 Cr.

Borrowings ₹3,74,313 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,49,892₹2,58,898 +3.6% in line
Net profit₹20,829₹22,146 +6.3% in line
📊 Investor presentation (17 Jul) Detailed financials →

Bharti Airtel Limited

BHARTIARTL · Telecom Services · Q2 FY26 · Consolidated
M Cap
₹11,09,670 Cr
P/E
30.5
PEG
0.62
  • Operating margin expanded 401 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +25.7%+5.4% 52,14549,46341,473
Operating profit +35.3%+6.2% 29,56127,83921,846
OPM % +401 bps+41 bps 56.7%56.3%52.7%
Other income +185.7%+43.0% 728509255
Net profit? +108.3%+16.6% 8,6517,4224,153
PAT margin % +658 bps+158 bps 16.6%15.0%10.0%
EPS (₹) +88.7%+14.2% 11.7210.266.21

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹12,322 Cr: core business ₹11,514 Cr, other income ₹728 Cr, exceptional & other items ₹81.0 Cr.

Core profit YoY: +112.3% · reported profit +108.3%

Cash & debt

FY25 cash from operations ₹98,332 Cr: 262% of FY25 net profit of ₹37,481 Cr.

Borrowings ₹2,13,642 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹51,097₹52,145 +2.1% in line
Net profit₹8,307₹8,651 +4.1% in line
Detailed financials →

HDFC Bank Limited

HDFCBANK · Private Sector Banks · Q2 FY26 · Consolidated
M Cap
₹10,86,321 Cr
P/E
13.6
PEG
0.76
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -2.4%-10.9% 1,18,5611,33,0551,21,457
Net interest income +7.1%+1.5% 40,25339,66337,588
Other income -17.9%-30.9% 31,56745,68338,455
Operating profit (pre-provision) +13.6%-14.4% 30,94136,16327,237
Provisions +31.0%-72.0% 4,28215,3143,269
Net profit? +10.0%+20.6% 19,61116,25817,826
EPS (₹) +9.2%+20.4% 12.78adj. 10.62adj. 11.70
Cost-to-income % -726 bps-71 bps 56.9%57.6%64.2%
Gross NPA % -12 bps-16 bps 1.2%1.4%1.4%
Net NPA % +1 bps-5 bps 0.4%0.5%0.4%

EPS restated for the 1:1 bonus of Aug 2025: Jun 2025 ₹21.23 to ₹10.62; Sep 2024 ₹23.40 to ₹11.70.

Where profit came from

Pre-provision profit ₹30,941 Cr (+13.6% YoY); provisions ₹4,282 Cr (+31.0% YoY).

Net profit +10.0% YoY.

Against its own trend ?

TrendActualGap
NII₹41,517₹40,253 -3.0% in line
Net profit₹18,570₹19,611 +5.6% in line
📊 Investor presentation (18 Jul) Detailed financials →

ICICI Bank Limited

ICICIBANK · Private Sector Banks · Q2 FY26 · Consolidated
M Cap
₹9,61,812 Cr
P/E
16.9
PEG
0.99
  • Profit -11% below its own trend
  • Gross NPA down 39 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +4.4%+2.1% 76,14774,57672,943
Net interest income +8.6%+0.7% 26,16425,99024,100
Other income +5.1%+9.7% 27,96625,49626,617
Operating profit (pre-provision) +0.5%-6.3% 19,97421,31719,878
Provisions -34.2%-50.1% 9091,8221,382
Net profit? +3.2%-1.5% 13,35713,55812,948
EPS (₹) +1.7%-1.6% 18.7119.0218.39
Cost-to-income % +229 bps+450 bps 63.1%58.6%60.8%
Gross NPA % -39 bps-9 bps 1.6%1.7%2.0%
Net NPA % -3 bps-2 bps 0.4%0.4%0.4%

Where profit came from

Pre-provision profit ₹19,974 Cr (+0.5% YoY); provisions ₹909 Cr (-34.2% YoY).

Net profit +3.2% YoY.

Against its own trend ?

TrendActualGap
NII₹27,470₹26,164 -4.8% in line
Net profit₹15,051₹13,357 -11.3% below
📊 Investor presentation (22 Jul) Detailed financials →

State Bank of India

SBIN · Public Sector Banks · Q2 FY26 · Consolidated
M Cap
₹8,68,601 Cr
P/E
9.8
PEG
0.70
  • Gross NPA down 40 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +7.4%+5.3% 1,75,8981,66,9921,63,802
Net interest income +5.5%+5.4% 50,03847,46347,426
Other income +11.9%+16.0% 47,85741,26342,758
Operating profit (pre-provision) -2.9%— 32,117—33,060
Provisions +16.1%— 6,487—5,586
Net profit? +6.4%-2.8% 21,50422,12120,220
EPS (₹) +2.9%-4.0% 22.8123.7622.17
Cost-to-income % +385 bps— 67.2%—63.3%
Gross NPA % -40 bps-10 bps 1.7%1.8%2.1%
Net NPA % -10 bps-5 bps 0.4%0.5%0.5%

Where profit came from

Pre-provision profit ₹32,117 Cr (-2.9% YoY); provisions ₹6,487 Cr (+16.1% YoY).

Net profit +6.4% YoY.

Against its own trend ?

TrendActualGap
NII₹49,725₹50,038 +0.6% in line
Net profit₹23,827₹21,504 -9.7% in line
📊 Investor presentation (07 Aug) Detailed financials →

Tata Consultancy Services Limited

TCS · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹7,68,844 Cr
P/E
14.8
PEG
1.85
  • Operating margin expanded 129 bps YoY
  • Exceptional items of ₹-1,135 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.4%+3.7% 65,79963,43764,259
Operating profit +7.5%+6.5% 17,97816,87516,731
OPM % +129 bps+72 bps 27.3%26.6%26.0%
Other income +18.9%-47.8% 8671,660729
Net profit? +1.5%-5.4% 12,13112,81911,955
PAT margin % -17 bps-177 bps 18.4%20.2%18.6%
EPS (₹) +1.4%-5.4% 33.3735.2732.92

Quality of profit

Pre-tax profit ₹16,068 Cr: core business ₹16,336 Cr, other income ₹867 Cr, exceptional & other items −₹1,135 Cr.

Core profit YoY: +6.8% · reported profit +1.5%

Cash & debt

FY25 cash from operations ₹48,908 Cr: 100% of FY25 net profit of ₹48,797 Cr.

Borrowings ₹9,392 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹67,758₹65,799 -2.9% in line
Net profit₹12,610₹12,131 -3.8% in line
Detailed financials →

Bajaj Finance Limited

BAJFINANCE · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹5,95,497 Cr
P/E
28.8
PEG
1.52
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +18.0%+3.3% 20,18119,52817,095
Net interest income +22.0%+5.5% 10,78510,2278,838
Other income +13.1%+0.1% 2,3852,3832,108
Operating profit (pre-provision) +21.4%+4.6% 8,8748,4877,307
Provisions +18.8%+7.0% 2,2692,1201,909
Net profit? +23.3%+3.8% 4,9484,7654,014
EPS (₹) +21.4%+3.7% 7.857.57adj. 6.47
Cost-to-income % -62 bps-8 bps 32.6%32.7%33.2%
Gross NPA % +18 bps+21 bps 1.2%1.0%1.1%
Net NPA % +14 bps+10 bps 0.6%0.5%0.5%

EPS restated for the 4:1 bonus of Jun 2025 and the ₹2 to ₹1 split of Jun 2025: Sep 2024 ₹64.66 to ₹6.47.

Where profit came from

Pre-provision profit ₹8,874 Cr (+21.4% YoY); provisions ₹2,269 Cr (+18.8% YoY).

Net profit +23.3% YoY.

Against its own trend ?

TrendActualGap
NII₹10,817₹10,785 -0.3% in line
Net profit₹4,761₹4,948 +3.9% in line
📊 Investor presentation (30 Jul) Detailed financials →

Larsen & Toubro Limited

LT · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹4,99,095 Cr
P/E
25.4
PEG
1.50
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +10.4%+6.8% 67,98463,67961,555
Operating profit +7.0%+7.7% 6,8066,3186,362
OPM % -32 bps+9 bps 10.0%9.9%10.3%
Other income +25.7%+2.0% 1,3841,3571,101
Net profit? +13.7%+8.3% 4,6784,3184,113
PAT margin % +20 bps+10 bps 6.9%6.8%6.7%
EPS (₹) +15.6%+8.5% 28.5426.3024.69

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹6,336 Cr: core business ₹4,952 Cr, other income ₹1,384 Cr.

Core profit YoY: +11.2% · reported profit +13.7%

Cash & debt

FY25 cash from operations ₹9,151 Cr: 52% of FY25 net profit of ₹17,687 Cr.

Borrowings ₹1,32,409 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹71,660₹67,984 -5.1% below
Net profit₹4,799₹4,678 -2.5% in line
Detailed financials →

Life Insurance Corporation Of India

LICI · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹4,95,247 Cr
P/E
8.2
PEG
0.49
  • Profit +18% above its own trend
  • Operating margin expanded 108 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +4.5%+7.5% 2,41,5242,24,6712,31,132
Operating profit +44.1%-9.4% 9,49210,4746,588
OPM % +108 bps-73 bps 3.9%4.7%2.9%
Other income +31.5%+33.8% 1,044780794
Net profit? +30.7%-7.8% 10,09610,9557,723
PAT margin % +84 bps-70 bps 4.2%4.9%3.3%
EPS (₹) +30.6%-7.9% 7.988.666.11

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹10,537 Cr: core business ₹9,492 Cr, other income ₹1,044 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +44.1% · reported profit +30.7%

Cash & debt

FY25 cash from operations −₹9,145 Cr: -19% of FY25 net profit of ₹48,298 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,40,205₹2,41,524 +0.5% in line
Net profit₹8,525₹10,096 +18.4% above
📊 Investor presentation (05 Feb) Detailed financials →

Kotak Mahindra Bank Limited

KOTAKBANK · Private Sector Banks · Q2 FY26 · Consolidated
M Cap
₹4,41,079 Cr
P/E
21.7
PEG
2.72
  • Profit -13% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -7.4%-6.8% 24,90126,70426,880
Net interest income +6.2%+1.5% 9,8669,7199,288
Other income -26.3%-18.5% 7,7039,45610,453
Operating profit (pre-provision) -6.9%-4.8% 7,0177,3757,537
Provisions +18.4%-20.2% 1,0541,321890
Net profit? -11.4%-0.1% 4,4684,4725,044
EPS (₹) -11.4%-0.2% 4.49adj. 4.505.07
Cost-to-income % -176 bps-148 bps 60.1%61.5%61.8%
Gross NPA % -9 bps-9 bps 1.4%1.5%1.5%
Net NPA % -13 bps-2 bps 0.3%0.3%0.5%

EPS restated for the ₹5 to ₹1 split of Jan 2026: Jun 2025 ₹22.49 to ₹4.50.

Where profit came from

Pre-provision profit ₹7,017 Cr (-6.9% YoY); provisions ₹1,054 Cr (+18.4% YoY).

Net profit -11.4% YoY.

Against its own trend ?

TrendActualGap
NII₹10,161₹9,866 -2.9% in line
Net profit₹5,111₹4,468 -12.6% below
📊 Investor presentation (17 Aug) Detailed financials →

Hindustan Unilever Limited

HINDUNILVR · Personal Care & FMCG · Q2 FY26 · Consolidated
M Cap
₹4,27,790 Cr
P/E
28.6
PEG
2.04
  • Exceptional items of ₹184 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.0%-1.7% 16,24116,51415,926
Operating profit -1.7%+0.3% 3,7293,7183,793
OPM % -86 bps+45 bps 23.0%22.5%23.8%
Other income -32.9%-26.9% 147201219
Net profit? +3.8%-2.7% 2,6942,7682,595
PAT margin % +29 bps-17 bps 16.6%16.8%16.3%
EPS (₹) +3.6%-2.6% 11.4311.7311.03

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹3,570 Cr: core business ₹3,242 Cr, other income ₹147 Cr, exceptional & other items ₹181 Cr.

Core profit YoY: -3.1% · reported profit +3.8%

Cash & debt

FY25 cash from operations ₹11,886 Cr: 111% of FY25 net profit of ₹10,671 Cr.

Borrowings ₹1,648 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹16,321₹16,241 -0.5% in line
Net profit₹2,642₹2,694 +2.0% in line
📊 Investor presentation (09 Sep) Detailed financials →

Sun Pharmaceutical Industries Limited

SUNPHARMA · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹4,22,283 Cr
P/E
34.9
PEG
2.68
  • Operating margin expanded 163 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.9%+4.5% 14,47813,85113,291
Operating profit +14.9%+5.2% 4,5274,3023,939
OPM % +163 bps+21 bps 31.3%31.1%29.6%
Other income +32.7%+1.2% 470464354
Net profit? +2.6%+36.8% 3,1182,2793,040
PAT margin % -134 bps+508 bps 21.5%16.5%22.9%
EPS (₹) +2.4%+36.8% 13.009.5012.70

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹4,168 Cr: core business ₹3,698 Cr, other income ₹470 Cr.

Core profit YoY: +14.0% · reported profit +2.6%

Cash & debt

FY25 cash from operations ₹14,072 Cr: 129% of FY25 net profit of ₹10,929 Cr.

Borrowings ₹2,362 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹14,520₹14,478 -0.3% in line
Net profit₹2,950₹3,118 +5.7% in line
📊 Investor presentation (22 Sep) Detailed financials →

Infosys Limited

INFY · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹4,13,113 Cr
P/E
14.0
PEG
1.75
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.5%+5.2% 44,49042,27940,986
Operating profit +8.1%+6.2% 9,3538,8038,649
OPM % -8 bps+20 bps 21.0%20.8%21.1%
Other income +45.0%-6.5% 876937604
Net profit? +13.2%+6.4% 7,3646,9216,506
PAT margin % +68 bps+18 bps 16.6%16.4%15.9%
EPS (₹) +13.0%+6.3% 17.7616.7015.71

Quality of profit

Core 79%Other income & one-offs 21%

Pre-tax profit ₹10,229 Cr: core business ₹8,065 Cr, other income ₹876 Cr, exceptional & other items ₹1,288 Cr.

Core profit YoY: +9.3% · reported profit +13.2%

Cash & debt

FY25 cash from operations ₹35,694 Cr: 134% of FY25 net profit of ₹26,713 Cr.

Borrowings ₹8,227 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹44,085₹44,490 +0.9% in line
Net profit₹6,942₹7,364 +6.1% in line
Detailed financials →

Adani Ports and Special Economic Zone Limited

ADANIPORTS · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹4,04,114 Cr
P/E
30.8
PEG
1.14
  • Operating margin contracted 128 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +29.7%+0.5% 9,1679,1267,067
Operating profit +27.0%+1.0% 5,5505,4954,369
OPM % -128 bps+33 bps 60.5%60.2%61.8%
Other income +174.0%+84.5% 837453305
Net profit? +29.3%-5.8% 3,1203,3112,413
PAT margin % -10 bps-224 bps 34.0%36.3%34.1%
EPS (₹) +27.1%-6.2% 14.3915.3411.32

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹3,690 Cr: core business ₹3,064 Cr, other income ₹837 Cr, exceptional & other items −₹210 Cr.

Core profit YoY: +16.4% · reported profit +29.3%

Cash & debt

FY25 cash from operations ₹17,226 Cr: 156% of FY25 net profit of ₹11,061 Cr.

Borrowings ₹51,621 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8,332₹9,167 +10.0% above
Net profit₹3,028₹3,120 +3.1% in line
Detailed financials →

Titan Company Limited

TITAN · Gems & Jewellery · Q2 FY26 · Consolidated
M Cap
₹3,90,417 Cr
P/E
67.8
PEG
3.99
  • Profit +50% above its own trend
  • Operating margin expanded 221 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +21.9%+11.2% 16,64914,96613,660
Operating profit +51.7%+7.1% 1,8751,7511,236
OPM % +221 bps-44 bps 11.3%11.7%9.0%
Other income -8.1%+7.6% 113105123
Net profit? +59.1%+2.7% 1,1201,091704
PAT margin % +157 bps-56 bps 6.7%7.3%5.2%
EPS (₹) +59.1%+2.7% 12.6212.297.93

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹1,522 Cr: core business ₹1,409 Cr, other income ₹113 Cr.

Core profit YoY: +70.8% · reported profit +59.1%

Cash & debt

FY25 cash from operations −₹541 Cr: -16% of FY25 net profit of ₹3,337 Cr.

Borrowings ₹20,777 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹16,944₹16,649 -1.7% in line
Net profit₹748₹1,120 +49.8% above
📊 Investor presentation (07 Aug) Detailed financials →

Axis Bank Limited

AXISBANK · Private Sector Banks · Q2 FY26 · Consolidated
M Cap
₹3,90,112 Cr
P/E
14.0
PEG
0.40
  • Profit -26% below its own trend
  • Provisions up 60% YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +1.4%-1.6% 39,77040,40139,204
Net interest income +2.5%+1.6% 14,33814,11013,986
Other income -1.9%-7.4% 7,4608,0537,603
Operating profit (pre-provision) -2.7%-8.8% 11,13812,21411,452
Provisions +60.1%-9.7% 3,6434,0342,275
Net profit? -25.4%-11.5% 5,5286,2447,409
EPS (₹) -25.6%-11.6% 17.8220.1523.94
Cost-to-income % +195 bps+401 bps 48.9%44.9%47.0%
Gross NPA % +2 bps-11 bps 1.5%1.6%1.4%
Net NPA % +10 bps-1 bps 0.4%0.5%0.3%

Where profit came from

Pre-provision profit ₹11,138 Cr (-2.7% YoY); provisions ₹3,643 Cr (+60.1% YoY).

Net profit -25.4% YoY.

Against its own trend ?

TrendActualGap
NII₹15,064₹14,338 -4.8% in line
Net profit₹7,492₹5,528 -26.2% below
📊 Investor presentation (18 Jul) Detailed financials →

Adani Power Limited

ADANIPOWER · Power Generation & Utilities · Q2 FY26 · Consolidated
M Cap
₹3,58,502 Cr
P/E
24.7
PEG
4.11
  • Operating margin contracted 128 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.9%-4.6% 13,45714,10913,339
Operating profit -2.4%-9.4% 5,1505,6855,276
OPM % -128 bps-202 bps 38.3%40.3%39.6%
Other income +17.5%+83.2% 851465724
Net profit? -11.9%-12.1% 2,9063,3053,298
PAT margin % -312 bps-183 bps 21.6%23.4%24.7%
EPS (₹) -6.8%-11.3% 1.53adj. 1.72adj. 1.64

EPS restated for the ₹10 to ₹2 split of Sep 2025: Jun 2025 ₹8.62 to ₹1.72; Sep 2024 ₹8.21 to ₹1.64.

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹3,966 Cr: core business ₹3,115 Cr, other income ₹851 Cr.

Core profit YoY: -8.6% · reported profit -11.9%

Cash & debt

FY25 cash from operations ₹21,501 Cr: 169% of FY25 net profit of ₹12,750 Cr.

Borrowings ₹39,495 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹13,867₹13,457 -3.0% in line
Net profit₹2,958₹2,906 -1.8% in line
📊 Investor presentation (22 Aug) Detailed financials →

Adani Enterprises Limited

ADANIENT · Trading & Distribution · Q2 FY26 · Consolidated
M Cap
₹3,56,029 Cr
P/E
44.1
PEG
—
  • Profit -14% below its own trend
  • Operating margin contracted 110 bps YoY
  • 95% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹3,583 Cr in the quarter
  • Profit grew faster than the core business (core profit -88%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -6.0%-3.2% 21,24921,96122,608
Operating profit -12.2%-0.1% 3,3073,3103,766
OPM % -110 bps+49 bps 15.6%15.1%16.7%
Other income +2.2%+25.3% 596475583
Net profit? +71.7%+249.7% 3,4149761,989
PAT margin % +727 bps+1162 bps 16.1%4.4%8.8%
EPS (₹) +100.7%+354.8% 27.386.0213.64

Quality of profit

Core 5%Other income & one-offs 95%

Pre-tax profit ₹4,398 Cr: core business ₹219 Cr, other income ₹596 Cr, exceptional & other items ₹3,583 Cr.

Core profit YoY: -88.0% · reported profit +71.7%

Cash & debt

FY25 cash from operations ₹4,513 Cr: 56% of FY25 net profit of ₹8,005 Cr.

Borrowings ₹91,473 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹20,192₹21,249 +5.2% above
Net profit₹3,978₹3,414 -14.2% below
📊 Investor presentation (29 Jul) Detailed financials →

Maruti Suzuki India Limited

MARUTI · Passenger Cars & Utility Vehicles · Q2 FY26 · Consolidated
M Cap
₹3,55,746 Cr
P/E
24.2
PEG
0.81
  • Operating margin contracted 134 bps YoY
  • 81% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -52%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +13.1%+9.7% 42,34438,60537,449
Operating profit +1.7%+10.0% 5,0864,6234,999
OPM % -134 bps+4 bps 12.0%12.0%13.3%
Other income -35.4%-46.3% 1,0141,8881,570
Net profit? +8.0%-11.7% 3,3493,7923,102
PAT margin % -37 bps-191 bps 7.9%9.8%8.3%
EPS (₹) +7.9%-11.7% 106.52120.6298.68

Quality of profit

Core 19%Other income & one-offs 81%

Pre-tax profit ₹9,283 Cr: core business ₹1,723 Cr, other income ₹1,014 Cr, exceptional & other items ₹6,546 Cr.

Core profit YoY: -51.7% · reported profit +8.0%

Cash & debt

FY25 cash from operations ₹16,136 Cr: 111% of FY25 net profit of ₹14,500 Cr.

Borrowings ₹87.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹40,120₹42,344 +5.5% above
Net profit₹3,099₹3,349 +8.1% in line
📊 Investor presentation (31 Jul) Detailed financials →

Mahindra & Mahindra Limited

M&M · Passenger Cars & Utility Vehicles · Q2 FY26 · Consolidated
M Cap
₹3,37,774 Cr
P/E
16.7
PEG
0.70
  • Operating margin expanded 106 bps YoY
  • Core business grew faster than reported profit (core profit +45%)
  • FY25 operating cash flow was only 23% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +22.3%+1.5% 46,10645,43637,689
Operating profit +29.4%+9.8% 8,9298,1346,899
OPM % +106 bps+146 bps 19.4%17.9%18.3%
Other income -50.3%-54.6% 6761,4881,360
Net profit? +17.9%-9.4% 3,9644,3773,361
PAT margin % -32 bps-104 bps 8.6%9.6%8.9%
EPS (₹) +15.7%-10.1% 32.9036.5828.43

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹6,058 Cr: core business ₹4,913 Cr, other income ₹676 Cr, exceptional & other items ₹469 Cr.

Core profit YoY: +45.4% · reported profit +17.9%

Cash & debt

FY25 cash from operations ₹3,176 Cr: 23% of FY25 net profit of ₹14,073 Cr.

Borrowings ₹1,29,025 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹44,830₹46,106 +2.8% in line
Net profit₹4,120₹3,964 -3.8% in line
📊 Investor presentation (30 Jul) Detailed financials →

HCL Technologies Limited

HCLTECH · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹3,30,915 Cr
P/E
18.1
PEG
3.01
  • Operating margin contracted 158 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +10.7%+5.2% 31,94230,34928,862
Operating profit +2.8%+8.5% 6,5456,0356,369
OPM % -158 bps+60 bps 20.5%19.9%22.1%
Other income -9.0%-9.0% 415456456
Net profit? -0.0%+10.2% 4,2363,8444,237
PAT margin % -142 bps+60 bps 13.3%12.7%14.7%
EPS (₹) +0.1%+10.2% 15.6314.1815.62

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹5,702 Cr: core business ₹5,287 Cr, other income ₹415 Cr.

Core profit YoY: +1.1% · reported profit -0.0%

Cash & debt

FY25 cash from operations ₹22,261 Cr: 128% of FY25 net profit of ₹17,399 Cr.

Borrowings ₹6,276 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹30,926₹31,942 +3.3% in line
Net profit₹4,522₹4,236 -6.3% in line
Detailed financials →

ITC Limited

ITC · Cigarettes & Tobacco · Q2 FY26 · Consolidated
M Cap
₹3,23,143 Cr
P/E
16.0
PEG
5.34
  • Operating margin expanded 572 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -14.8%-9.3% 19,50221,49522,898
Operating profit +2.2%-1.8% 6,6956,8166,552
OPM % +572 bps+262 bps 34.3%31.7%28.6%
Other income +7.1%-1.6% 739751690
Net profit? +2.6%-2.9% 5,1875,3435,054
PAT margin % +452 bps+174 bps 26.6%24.9%22.1%
EPS (₹) +2.5%-2.4% 4.094.193.99

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹6,979 Cr: core business ₹6,240 Cr, other income ₹739 Cr.

Core profit YoY: +1.9% · reported profit +2.6%

Cash & debt

FY25 cash from operations ₹17,627 Cr: 50% of FY25 net profit of ₹35,052 Cr.

Borrowings ₹285 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹23,859₹19,502 -18.3% below
Net profit₹5,186₹5,187 +0.0% in line
Detailed financials →

Hindustan Aeronautics Limited

HAL · Engineering & Capital Goods · Q2 FY26 · Consolidated
M Cap
₹3,18,337 Cr
P/E
34.2
PEG
2.13
  • Operating margin contracted 394 bps YoY
  • 40% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +10.9%+37.6% 6,6294,8195,976
Operating profit -5.0%+21.5% 1,5581,2821,640
OPM % -394 bps-311 bps 23.5%26.6%27.4%
Other income +63.7%+17.2% 888757542
Net profit? +10.5%+20.6% 1,6691,3841,510
PAT margin % -10 bps-354 bps 25.2%28.7%25.3%
EPS (₹) +10.5%+20.6% 24.9620.6922.59

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹2,227 Cr: core business ₹1,332 Cr, other income ₹888 Cr, exceptional & other items ₹7.3 Cr.

Core profit YoY: -8.9% · reported profit +10.5%

Cash & debt

FY25 cash from operations ₹13,643 Cr: 163% of FY25 net profit of ₹8,364 Cr.

Borrowings ₹51.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,481₹6,629 +2.3% in line
Net profit₹1,589₹1,669 +5.0% in line
Detailed financials →

UltraTech Cement Limited

ULTRACEMCO · Cement · Q2 FY26 · Consolidated
M Cap
₹3,09,466 Cr
P/E
36.1
PEG
2.01
  • Profit +56% above its own trend
  • Operating margin expanded 285 bps YoY
  • Core business grew faster than reported profit (core profit +86%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +25.4%-7.8% 19,60721,27515,635
Operating profit +53.1%-30.0% 3,0894,4102,018
OPM % +285 bps-498 bps 15.8%20.7%12.9%
Other income -21.2%-3.5% 174180221
Net profit? +50.0%-44.3% 1,2382,221825
PAT margin % +104 bps-412 bps 6.3%10.4%5.3%
EPS (₹) +46.9%-44.8% 41.7975.6728.45

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹1,656 Cr: core business ₹1,482 Cr, other income ₹174 Cr.

Core profit YoY: +85.9% · reported profit +50.0%

Cash & debt

FY25 cash from operations ₹10,673 Cr: 165% of FY25 net profit of ₹6,469 Cr.

Borrowings ₹24,102 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹16,859₹19,607 +16.3% above
Net profit₹795₹1,238 +55.8% above
📊 Investor presentation (20 Jul) Detailed financials →

NTPC Limited

NTPC · Power Generation & Utilities · Q2 FY26 · Consolidated
M Cap
₹3,00,597 Cr
P/E
10.6
PEG
0.62
  • Profit -14% below its own trend
  • Operating margin expanded 252 bps YoY
  • 37% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +19%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.2%-4.8% 44,78647,06544,706
Operating profit +9.9%+1.9% 12,81612,58011,665
OPM % +252 bps+189 bps 28.6%26.7%26.1%
Other income -15.0%-15.6% 2,7343,2403,218
Net profit? -2.9%-14.5% 5,2256,1085,380
PAT margin % -37 bps-131 bps 11.7%13.0%12.0%
EPS (₹) -3.9%-15.6% 5.236.205.44

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹7,301 Cr: core business ₹4,568 Cr, other income ₹2,734 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +19.3% · reported profit -2.9%

Cash & debt

FY25 cash from operations ₹50,436 Cr: 211% of FY25 net profit of ₹23,953 Cr.

Borrowings ₹2,50,096 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹45,604₹44,786 -1.8% in line
Net profit₹6,046₹5,225 -13.6% below
📊 Investor presentation (27 Jul) Detailed financials →

ETERNAL LIMITED

ETERNAL · E-Commerce & Internet Retail · Q2 FY26 · Consolidated
M Cap
₹2,97,334 Cr
P/E
686.7
PEG
—
  • Operating margin contracted 295 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +183.2%+89.6% 13,5907,1674,799
Operating profit +5.8%+107.8% 239115226
OPM % -295 bps+15 bps 1.8%1.6%4.7%
Other income +59.3%-0.6% 352354221
Net profit? -63.1%— 65.0—176
PAT margin % -319 bps— 0.5%—3.7%
EPS (₹) -65.0%+133.3% 0.070.030.20

Quality of profit

Pre-tax profit ₹129 Cr: core business −₹223 Cr, other income ₹352 Cr.

Core profit YoY: to loss · reported profit -63.1%

Against its own trend ?

TrendActualGap
Sales₹7,988₹13,590 +70.1% above
Detailed financials →

JSW Steel Limited

JSWSTEEL · Iron & Steel · Q2 FY26 · Consolidated
M Cap
₹2,86,309 Cr
P/E
10.2
PEG
0.30
  • Profit +470% above its own trend
  • Operating margin expanded 221 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +13.8%+4.6% 45,15243,14739,684
Operating profit +32.4%-4.8% 7,1157,4765,375
OPM % +221 bps-157 bps 15.8%17.3%13.5%
Other income from loss-18.9% 284350-189
Net profit? +307.4%-25.5% 1,6462,209404
PAT margin % +263 bps-147 bps 3.6%5.1%1.0%
EPS (₹) +268.9%-25.6% 6.648.931.80

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹2,344 Cr: core business ₹2,148 Cr, other income ₹284 Cr, exceptional & other items −₹88.0 Cr.

Core profit YoY: +119.6% · reported profit +307.4%

Cash & debt

FY25 cash from operations ₹20,899 Cr: 599% of FY25 net profit of ₹3,491 Cr.

Borrowings ₹98,752 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹38,796₹45,152 +16.4% above
Net profit₹289₹1,646 +470.3% above
📊 Investor presentation (12 Aug) Detailed financials →

Oil & Natural Gas Corporation Limited

ONGC · Oil & Gas Exploration & Services · Q2 FY26 · Consolidated
M Cap
₹2,76,766 Cr
P/E
6.2
PEG
6.18
  • Profit +52% above its own trend
  • Operating margin expanded 384 bps YoY
  • Core business grew faster than reported profit (core profit +62%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -0.3%-3.2% 1,57,9111,63,1081,58,329
Operating profit +29.3%+2.4% 26,52125,90720,507
OPM % +384 bps+91 bps 16.8%15.9%13.0%
Other income -17.2%+34.0% 3,4482,5734,163
Net profit? +27.7%+9.2% 12,61511,5549,878
PAT margin % +175 bps+90 bps 8.0%7.1%6.2%
EPS (₹) +5.0%+10.1% 8.587.798.17

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹17,284 Cr: core business ₹13,837 Cr, other income ₹3,448 Cr.

Core profit YoY: +61.9% · reported profit +27.7%

Cash & debt

FY25 cash from operations ₹90,868 Cr: 237% of FY25 net profit of ₹38,294 Cr.

Borrowings ₹1,87,817 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,60,500₹1,57,911 -1.6% in line
Net profit₹8,291₹12,615 +52.2% above
Detailed financials →

Standouts so far

Biggest profit growth

  1. IRM Energy+945.4%
  2. Laurus Labs+874.9%
  3. RPG Life+825.0%
  4. Mahamaya Steel+731.1%
  5. Acme Solar+651.7%

Biggest profit declines

  1. Bombay Dyeing-99.5%
  2. One 97-97.7%
  3. Kabra Extrusion-97.3%
  4. Reliance Power-97.0%
  5. Servotech Renewable-96.5%

Among companies with a market cap of ₹1,000 Cr or more, so a tiny base does not top the list. Price reaction: last close against the close before the filing.

Q2 FY26 results by sector

Combined figures of the companies in each industry that have reported so far, against the same companies a year earlier.

SectorDeclaredSales YoYProfit YoY OPM changeGrew profitAbove trendBest profit growth
Miscellaneous 214 +16.5% -8.3% +36 bps 48% 18% IRM Energy +945%
Construction & Infrastructure 188 +6.1% +55.4% -69 bps 60% 33% Acme Solar +652%
NBFC & Finance Companies 164 +0.2% +16.9% +40 bps 48% 23% GACM Technologies +512%
IT Services & Software 148 +7.6% +5.8% +18 bps 65% 39% WE WIN +894%
Textiles 133 +9.0% +4.7% -202 bps 55% 34% Vardhman Polytex +925%
Trading & Distribution 133 +14.3% +62.4% -46 bps 61% 28% Digidrive Distributors +600%
Pharmaceuticals 124 +29.3% +26.8% +31 bps 60% 35% Laurus Labs +875%
Chemicals 96 +4.8% +11.4% -49 bps 49% 29% Andhra Sugars +568%
Iron & Steel 87 +9.7% +60.8% +155 bps 53% 42% Mahamaya Steel +731%
Electrical Equipment 82 +18.7% +30.3% +29 bps 64% 37% Electro Force +760%
Auto Components 80 +3.7% +3.1% -19 bps 57% 44% Jay Bharat +503%
Engineering & Capital Goods 77 +8.8% +6.6% -123 bps 43% 24% Tega Industries +522%
Packaged Foods & Food Processing 51 +12.5% +8.6% +32 bps 64% 36% Mukka Proteins +588%
Media & Entertainment 50 -1.3% -5.7% +337 bps 48% 28% Cineline India +382%
Hotels & Resorts 42 +14.9% +29.9% +19 bps 42% 26% Jubilant Foodworks +192%
Hospitals & Healthcare Services 36 +15.8% +28.6% +8 bps 77% 36% Unihealth Hospitals +455%
Mining & Minerals 35 +63.2% -3.2% -28 bps 80% 50% Sandur Manganese +332%
Packaging 34 +2.8% -21.1% -68 bps 55% 26% Mega Flex +690%
Cement 33 +19.6% +405.1% +492 bps 79% 76% NCL Industries +692%
Plastic Products 32 +12.3% +31.8% +146 bps 72% 42% Responsive Industries +541%
Sugar 30 +15.8% +101.5% -170 bps 52% 38% EID Parry +151%
Private Sector Banks 29 +3.7% -3.2% — 48% 25% Equitas Small +85%
Power Generation & Utilities 28 +6.3% -14.0% +109 bps 48% 33% POWERGRID Infrastructure +250%
Pesticides & Agrochemicals 26 +1.9% +126.0% +186 bps 43% 18% Sikko Industries +958%
Gems & Jewellery 25 +119.2% +75.8% -54 bps 100% 78% Shanti Gold +389%
Castings & Forgings 24 +1.2% -13.7% -121 bps 54% 27% Hilton Metal +181%
Electronic Components 22 +28.4% +24.2% +47 bps 71% 44% Syrma SGS +305%
Paper 22 -10.1% -73.2% -414 bps 21% 40% Tamil Nadu +170%
Consumer Durables & Appliances 21 +11.0% +3.0% -121 bps 53% 21% Dixon Technologies +81%
Cables & Wires 20 +16.0% +61.5% +238 bps 74% 57% Diamond Power +593%
Fertilizers 19 +35.3% +60.1% -115 bps 89% 43% Zuari Agro +803%
Dyes & Pigments 17 +78.5% -39.5% -438 bps 31% 8% Bhageria Industries +91%
Housing Finance 15 -41.1% -37.6% -362 bps 87% 31% Home First +43%
Telecom Services 15 +18.7% — +229 bps 50% 12% Bharti Airtel +108%
Breweries & Distilleries 14 +10.9% +21.1% +113 bps 58% 42% IFB Agro +986%
Diversified Conglomerates 14 -5.2% -4.6% +60 bps 46% 45% Tara Chand +311%
Edible Oils 13 +24.5% +14.2% -49 bps 27% 11% Patanjali Foods +67%
Electrodes, Graphite & Refractories 12 +19.4% -3.3% -247 bps 67% 58% ORIENT CERATECH +305%
Footwear & Leather 12 +2.8% -13.5% -36 bps 58% 45% Liberty Shoes +114%
Oil & Gas Exploration & Services 12 +0.6% +18.7% +340 bps 56% 38% Jindal Drilling +284%
Personal Care & FMCG 12 +2.0% -0.2% -92 bps 50% 18% Cupid +140%
Petrochemicals 12 +0.2% -2.4% +73 bps 50% 56% Tamilnadu PetroProducts +625%
Public Sector Banks 12 +3.7% +7.3% — 83% 8% Indian Overseas +61%
Pumps, Compressors & Engines 12 +14.5% +18.9% +16 bps 55% 30% Cummins India +39%
Aluminium 10 +12.9% +24.5% +35 bps 78% 25% GSM Foils +107%
Ceramics, Tiles & Sanitaryware 10 -55.6% -49.1% -139 bps 60% 71% Asian Granito +254%
Education & E-Learning 10 +17.8% -30.1% -134 bps 38% 50% Usha Martin +800%
Tea & Coffee 10 +16.5% -3.8% -390 bps 20% 29% CCL Products +36%
Tyres & Rubber 10 +7.1% +5.8% +73 bps 50% 67% Viaz Tyres +100%
Bearings & Abrasives 9 +9.1% +4.3% +15 bps 62% 29% Schaeffler India +22%
Computer Hardware 9 +3.0% +175.3% +215 bps 62% 20% Netweb Technologies +56%
Printing, Publishing & Stationery 9 +13.3% +195.6% +305 bps 67% 33% Flair Writing +30%
Telecom Equipment & Infrastructure 9 -66.9% -1478.6% -2230 bps 38% 33% UMIYA BUILDCON +244%
Two & Three Wheelers 9 +21.2% +47.2% +190 bps 100% 17% Atul Auto +60%
Commercial & Business Services 8 +44.5% — -88 bps 100% 0% EFC (I) +55%
Travel & Tourism 8 +11.4% -6.6% -199 bps 43% 0% Yatra Online +96%
Glass 7 +4.9% +32.2% +416 bps 57% 33% Sejal Glass +227%
Paints 7 +4.4% +23.7% +82 bps 67% 60% Asian Paints +43%
Refineries & Oil Marketing 7 +5.4% +106.1% +416 bps 100% 75% Hindustan Petroleum +511%
Real Estate 6 -26.7% -49.7% +1011 bps 0% 0% GANESH HOUSING -32%
Shipping & Ports 6 -10.6% -49.5% +306 bps 40% 50% ABS Marine +343%
Specialty Chemicals 6 -24.9% -64.9% -187 bps 0% 0% Paushak -36%
Commercial Vehicles 5 +12.5% +28.5% +123 bps 100% 33% FORCE MOTORS +160%
E-Commerce & Internet Retail 5 +181.5% -63.6% -290 bps 50% — ETERNAL -63%
IT Enabled Services (BPO/KPO) 5 +26.2% +25.3% -29 bps 100% — Brightcom Group +25%
Passenger Cars & Utility Vehicles 5 +10.1% +993.9% -33 bps 100% 50% Mahindra & Mahindra +18%
Tractors & Farm Machinery 5 +12.3% -6.6% +185 bps 33% 0% Indo Farm +38%
Agricultural Products 4 +1.6% -384.2% -472 bps 0% 0% —
Capital Markets & Broking 4 -1.7% -15.2% +374 bps 0% — Anand Rathi -15%
Logistics 4 +6.8% +27.0% +122 bps 100% 50% Blue Dart +29%
Retail 4 — — — — — —
Aerospace & Defence 3 +163.1% — +1655 bps 100% — —
Airlines 3 +9.2% — -645 bps 33% 100% Jet Freight +47%
Amusement Parks & Recreation 3 +3.4% -143.6% +254 bps 0% 0% Delta -7%
Aquaculture & Seafood 3 +15.2% — +201 bps 67% 100% Coastal +620%
Cigarettes & Tobacco 3 -13.7% +3.7% +558 bps 100% 0% VST Industries +24%
Leisure Products & Luggage 3 -6.4% -1949.7% -799 bps 33% 100% Safari Industries +58%
Fasteners 2 -16.7% +13.8% +11 bps 50% 100% Gala Precision +68%
Furniture & Home Furnishing 2 +4.6% -392.2% +418 bps 0% — —
Investment & Holding Companies 2 — — — — — —
Restaurants & QSR 2 -0.3% — — — — —

How to read this page

The numbers. Each card is one company's Q2 FY26 results as filed with NSE or BSE, read from the filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months). A swing between profit and loss is described in words: a percentage across it would mislead.

Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter, before minority interest. A company's own headline, and the AI read of its filing, often quote the profit attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two are the same.

Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income, as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points (100 bps = 1 percentage point).

Quality of profit. Core profit is operating profit minus interest and depreciation: what the business itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more, and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net profit, since a fall in provisions can lift profit without the business growing.

Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead each company is measured against the path it was on: the same quarter last year, grown at the median of its last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales 5% or more above that, or net profit 10% or more above, is "above trend"; as far below is "below trend". It answers "was this quarter better or worse than the company's own recent run?", which consensus does not.

Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show its operating cash flow for the last financial year as a share of that year's net profit (flagged under 50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet against the one six months earlier (flagged at a 25% move). Balance sheets come with the September and March results, cash-flow statements with the March results.

Price since results. The latest close against the last close before the filing (a filing after 3:30 pm counts from the next session). It is a fact about the market's reaction, not advice.

Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150 (SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.

Results calendarWho reports results today, tomorrow and this week. Strong quarterly resultsCompanies whose latest quarter showed profit up 30% or more. Live announcementsEvery NSE/BSE filing with an AI read, as it arrives. Company fundamentalsTen years of quarterly and annual financials.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI