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, 17:42 IST 5073 declared
The next results season has started: 41 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 12 of 170

City Union Bank Limited

CUB · Private Sector Banks · Q2 FY26 · Standalone
M Cap
₹22,904 Cr
P/E
17.3
PEG
1.44
  • Gross NPA down 112 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +15.2%+3.4% 1,9121,8491,660
Net interest income +14.4%+6.6% 667625582
Other income +14.5%+6.3% 259244226
Operating profit (pre-provision) +9.9%+4.4% 471451428
Provisions -18.6%-18.6% 57.070.070.0
Net profit +15.2%+7.4% 329306285
EPS (₹) +15.1%+7.3% 4.434.133.85
Cost-to-income % +210 bps+104 bps 49.2%48.1%47.1%
Gross NPA % -112 bps-57 bps 2.4%3.0%3.5%
Net NPA % -72 bps-30 bps 0.9%1.2%1.6%

Where profit came from

Pre-provision profit ₹471 Cr (+9.9% YoY); provisions ₹57.0 Cr (-18.6% YoY).

Net profit +15.2% YoY.

Against its own trend ?

TrendActualGap
NII₹652₹667 +2.2% in line
Net profit₹322₹329 +2.0% in line
📊 Investor presentation (28 Jul) Detailed financials →

KIOCL Limited

KIOCL · Mining & Minerals · Q2 FY26 · Standalone
M Cap
₹22,897 Cr
P/E
594.9
PEG
20.51
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +783.1%+56.7% 14390.916.1
Operating profit loss narrowedloss narrowed -21.6-41.7-67.2
OPM % —+3073 bps -15.1%-45.9%—
Other income +38.2%+4.5% 17.917.113.0
Net profit loss narrowedloss narrowed -17.2-37.8-69.2
PAT margin % —+2952 bps -12.0%-41.6%—
EPS (₹) loss narrowedloss narrowed -0.28-0.62-1.14

Quality of profit

Pre-tax profit −₹17.1 Cr: core business −₹35.1 Cr, other income ₹17.9 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹343 Cr.

Borrowings ₹193 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8.1₹143 +999.0% above
Detailed financials →

Data Patterns (India) Limited

DATAPATTNS · Electronic Components · Q2 FY26 · Standalone
M Cap
₹22,858 Cr
P/E
85.5
PEG
2.85
  • Profit +85% above its own trend
  • Operating margin contracted 1521 bps YoY
  • Core business grew faster than reported profit (core profit +114%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +237.4%+210.1% 30799.091.0
Operating profit +100.0%+112.5% 68.032.034.0
OPM % -1521 bps-1017 bps 22.1%32.3%37.4%
Other income -50.0%-45.5% 6.011.012.0
Net profit +63.3%+88.5% 49.026.030.0
PAT margin % -1701 bps-1030 bps 16.0%26.3%33.0%
EPS (₹) +62.5%+93.2% 8.794.555.41

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹66.0 Cr: core business ₹60.0 Cr, other income ₹6.0 Cr.

Core profit YoY: +114.3% · reported profit +63.3%

Cash & debt

FY25 cash from operations −₹90.0 Cr: -41% of FY25 net profit of ₹222 Cr.

Borrowings ₹6.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹81.5₹307 +276.5% above
Net profit₹26.5₹49.0 +85.2% above
📊 Investor presentation (30 Jul) Detailed financials →

Carborundum Universal Limited

CARBORUNIV · Bearings & Abrasives · Q2 FY26 · Consolidated
M Cap
₹22,788 Cr
P/E
121.6
PEG
—
  • Operating margin contracted 391 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +6.0%+6.5% 1,2981,2191,224
Operating profit -20.0%+28.7% 156121195
OPM % -391 bps+207 bps 12.0%9.9%15.9%
Other income +0.0%+22.8% 23.018.723.0
Net profit? -36.2%+22.5% 74.060.4116
PAT margin % -378 bps+75 bps 5.7%5.0%9.5%
EPS (₹) -35.8%+19.2% 3.913.286.09

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹113 Cr: core business ₹90.0 Cr, other income ₹23.0 Cr.

Core profit YoY: -35.3% · reported profit -36.2%

Cash & debt

FY25 cash from operations ₹304 Cr: 89% of FY25 net profit of ₹341 Cr.

Borrowings ₹216 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,253₹1,298 +3.6% in line
Net profit₹72.2₹74.0 +2.5% in line
Detailed financials →

Belrise Industries Limited

BELRISE · Auto Components · Q2 FY26 · Consolidated
M Cap
₹22,725 Cr
P/E
13.3
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +940.4% 23,5352,262
Operating profit +955.8% 2,962281
OPM % +18 bps 12.6%12.4%
Other income +826.1% 26929.1
Net profit? — 1,330112
PAT margin % +71 bps 5.7%4.9%
EPS (₹) +8.7% 1.631.50

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹1,807 Cr: core business ₹1,538 Cr, other income ₹269 Cr.

📊 Investor presentation (14 Aug) Detailed financials →

Diamond Power Infrastructure Limited

DIACABS · Cables & Wires · Q2 FY26 · Consolidated
M Cap
₹22,709 Cr
P/E
115.2
PEG
—
  • Profit +486% above its own trend
  • Operating margin expanded 528 bps YoY
  • Core business grew faster than reported profit (core profit +618%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +75.3%+45.2% 438302250
Operating profit +253.2%+48.5% 45.930.913.0
OPM % +528 bps+23 bps 10.5%10.2%5.2%
Other income —-49.9% 0.10.20.0
Net profit? +593.2%+37.9% 27.720.14.0
PAT margin % +473 bps-34 bps 6.3%6.7%1.6%
EPS (₹) +562.5%+39.5% 0.530.380.08

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹28.8 Cr: core business ₹28.7 Cr, other income ₹0.1 Cr.

Core profit YoY: +617.5% · reported profit +593.2%

Cash & debt

FY25 cash from operations ₹77.0 Cr: 220% of FY25 net profit of ₹34.9 Cr.

Borrowings ₹463 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹500₹438 -12.3% below
Net profit₹4.7₹27.7 +486.1% above
📊 Investor presentation (13 Aug) Detailed financials →

Procter & Gamble Hygiene and Health Care Limited

PGHH · Personal Care & FMCG · Q2 FY26 · Standalone
M Cap
₹22,562 Cr
P/E
28.5
PEG
2.04
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.3%+22.7% 1,1509371,135
Operating profit -1.7%+7.1% 285266290
OPM % -77 bps-362 bps 24.8%28.4%25.6%
Other income +25.0%+30.0% 10.07.78.0
Net profit -0.9%+9.3% 210192212
PAT margin % -42 bps-224 bps 18.3%20.5%18.7%
EPS (₹) -1.0%+9.3% 64.6559.1765.28

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹282 Cr: core business ₹272 Cr, other income ₹10.0 Cr.

Core profit YoY: -1.4% · reported profit -0.9%

Cash & debt

FY25 cash from operations ₹593 Cr: 83% of FY25 net profit of ₹718 Cr.

Borrowings ₹2.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,137₹1,150 +1.2% in line
Net profit₹232₹210 -9.4% in line
📊 Investor presentation (16 Jun) Detailed financials →

FORCE MOTORS LTD

FORCEMOT · Commercial Vehicles · Q2 FY26 · Consolidated
M Cap
₹22,413 Cr
P/E
17.9
PEG
0.08
  • Profit +75% above its own trend
  • Operating margin expanded 287 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.2%-9.4% 2,0812,2971,941
Operating profit +28.4%+9.3% 363332283
OPM % +287 bps+298 bps 17.4%14.5%14.6%
Other income +198.6%+2.1% 25.625.18.6
Net profit? +159.7%+98.9% 351176135
PAT margin % +989 bps+917 bps 16.8%7.7%7.0%
EPS (₹) +159.8%+98.9% 266.14133.82102.46

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹317 Cr: core business ₹292 Cr, other income ₹25.6 Cr.

Core profit YoY: +39.8% · reported profit +159.7%

Cash & debt

FY25 cash from operations ₹971 Cr: 121% of FY25 net profit of ₹801 Cr.

Borrowings ₹17.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,221₹2,081 -6.3% below
Net profit₹200₹351 +75.3% above
Detailed financials →

Motherson Sumi Wiring India Limited

MSUMI · Auto Components · Q2 FY26 · Standalone
M Cap
₹22,190 Cr
P/E
35.4
PEG
3.94
  • Profit +19% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +18.7%+10.7% 2,7622,4942,326
Operating profit +12.0%+14.8% 280244250
OPM % -61 bps+35 bps 10.1%9.8%10.7%
Other income -80.0%+0.0% 1.01.05.0
Net profit +8.6%+15.4% 165143152
PAT margin % -56 bps+24 bps 6.0%5.7%6.5%
EPS (₹) +8.7%+13.6% 0.250.220.23

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹221 Cr: core business ₹221 Cr, other income ₹1.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +11.1% · reported profit +8.6%

Cash & debt

FY25 cash from operations ₹365 Cr: 60% of FY25 net profit of ₹606 Cr.

Borrowings ₹269 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,590₹2,762 +6.6% above
Net profit₹139₹165 +19.1% above
📊 Investor presentation (04 Aug) Detailed financials →

Grindwell Norton Limited

GRINDWELL · Bearings & Abrasives · Q2 FY26 · Consolidated
M Cap
₹22,112 Cr
P/E
50.6
PEG
8.43
  • Profit +13% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +11.7%+10.1% 775703694
Operating profit +9.3%+8.5% 141130129
OPM % -39 bps-28 bps 18.2%18.5%18.6%
Other income +34.8%+107.2% 31.015.023.0
Net profit? +10.3%+13.8% 10794.097.0
PAT margin % -17 bps+45 bps 13.8%13.4%14.0%
EPS (₹) +11.0%+13.1% 9.658.538.69

Quality of profit

Core 79%Other income & one-offs 21%

Pre-tax profit ₹143 Cr: core business ₹113 Cr, other income ₹31.0 Cr, exceptional & other items −₹0.6 Cr.

Core profit YoY: +8.8% · reported profit +10.3%

Cash & debt

FY25 cash from operations ₹458 Cr: 123% of FY25 net profit of ₹371 Cr.

Borrowings ₹84.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹717₹775 +8.1% above
Net profit₹95.1₹107 +12.6% above
📊 Investor presentation (29 May) Detailed financials →

Deepak Nitrite Limited

DEEPAKNTR · Chemicals · Q2 FY26 · Consolidated
M Cap
₹22,072 Cr
P/E
28.2
PEG
—
  • Profit -16% below its own trend
  • Operating margin contracted 557 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -6.4%+0.6% 1,9021,8902,032
Operating profit -38.4%+7.6% 204190331
OPM % -557 bps+70 bps 10.7%10.0%16.3%
Other income -42.2%-18.6% 20.024.634.6
Net profit? -43.1%+6.0% 119112209
PAT margin % -403 bps+32 bps 6.3%5.9%10.3%
EPS (₹) -43.2%+5.7% 8.708.2315.33

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹163 Cr: core business ₹143 Cr, other income ₹20.0 Cr.

Core profit YoY: -46.8% · reported profit -43.1%

Cash & debt

FY25 cash from operations ₹625 Cr: 88% of FY25 net profit of ₹712 Cr.

Borrowings ₹1,267 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,004₹1,902 -5.1% below
Net profit₹141₹119 -15.7% below
Detailed financials →

Timken India Limited

TIMKEN · Bearings & Abrasives · Q2 FY26 · Standalone
M Cap
₹22,017 Cr
P/E
51.7
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.7%-4.4% 773809753
Operating profit +3.8%-3.0% 138142133
OPM % +19 bps+25 bps 17.9%17.6%17.7%
Other income -16.7%-0.4% 10.010.012.0
Net profit -1.1%-14.6% 89.010490.0
PAT margin % -44 bps-137 bps 11.5%12.9%12.0%
EPS (₹) -0.6%-14.2% 11.8913.8611.96

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹121 Cr: core business ₹110 Cr, other income ₹10.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -0.9% · reported profit -1.1%

Cash & debt

FY25 cash from operations ₹387 Cr: 87% of FY25 net profit of ₹447 Cr.

Borrowings ₹17.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹807₹773 -4.2% in line
Net profit₹97.7₹89.0 -8.9% in line
Detailed financials →

Finolex Cables Limited

FINCABLES · Cables & Wires · Q2 FY26 · Consolidated
M Cap
₹21,997 Cr
P/E
27.5
PEG
2.29
  • Profit +59% above its own trend
  • Operating margin expanded 247 bps YoY
  • 72% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 30% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +4.9%-1.4% 1,3761,3961,312
Operating profit +36.9%+6.3% 145136106
OPM % +247 bps+77 bps 10.5%9.8%8.1%
Other income +47.3%-5.4% 76.080.351.6
Net profit? +38.3%+0.2% 163163118
PAT margin % +286 bps+19 bps 11.8%11.7%9.0%
EPS (₹) +37.9%+0.0% 10.6310.637.71

Quality of profit

Core 28%Other income & one-offs 72%

Pre-tax profit ₹409 Cr: core business ₹116 Cr, other income ₹76.0 Cr, exceptional & other items ₹216 Cr.

Core profit YoY: +24.1% · reported profit +38.3%

Cash & debt

FY25 cash from operations ₹207 Cr: 30% of FY25 net profit of ₹701 Cr.

Borrowings ₹20.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,445₹1,376 -4.8% in line
Net profit₹103₹163 +58.9% above
📊 Investor presentation (13 Aug) Detailed financials →

The Great Eastern Shipping Company Limited

GESHIP · Shipping & Ports · Q2 FY26 · Consolidated
M Cap
₹21,982 Cr
P/E
7.5
PEG
1.25
  • Profit +27% above its own trend
  • Operating margin expanded 1031 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -8.3%+3.4% 1,2421,2011,354
Operating profit +11.3%+13.3% 728643654
OPM % +1031 bps+512 bps 58.6%53.5%48.3%
Other income -37.8%+3.4% 140135225
Net profit? +0.9%+15.2% 581504576
PAT margin % +424 bps+479 bps 46.8%42.0%42.5%
EPS (₹) +1.0%+15.2% 40.7235.3440.32

Quality of profit

Core 76%Other income & one-offs 24%

Pre-tax profit ₹601 Cr: core business ₹460 Cr, other income ₹140 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +19.8% · reported profit +0.9%

Cash & debt

FY25 cash from operations ₹2,647 Cr: 113% of FY25 net profit of ₹2,345 Cr.

Borrowings ₹2,163 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,225₹1,242 +1.3% in line
Net profit₹458₹581 +26.9% above
📊 Investor presentation (04 Aug) Detailed financials →

Prime Focus Limited

PFOCUS · Media & Entertainment · Q2 FY26 · Consolidated
M Cap
₹21,958 Cr
P/E
150.9
PEG
15.09
  • Operating margin expanded 146 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +19.9%+3.7% 1,0611,023885
Operating profit +27.7%+4.0% 254244199
OPM % +146 bps+6 bps 23.9%23.9%22.5%
Other income -92.4%-93.5% 10.9167143
Net profit? -91.9%-96.3% 4.111050.4
PAT margin % -531 bps-1041 bps 0.4%10.8%5.7%
EPS (₹) -94.0%-95.1% 0.102.051.68

Quality of profit

Pre-tax profit ₹5.8 Cr: core business −₹5.1 Cr, other income ₹10.9 Cr.

Core profit YoY: loss narrowed · reported profit -91.9%

Cash & debt

FY25 cash from operations ₹295 Cr.

Borrowings ₹4,879 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹969₹1,061 +9.5% above
Detailed financials →

Chennai Petroleum Corporation Limited

CHENNPETRO · Refineries & Oil Marketing · Q2 FY26 · Consolidated
M Cap
₹21,839 Cr
P/E
5.2
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 1259 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +35.1%+10.2% 16,32714,81212,086
Operating profit from loss— 1,14498.6-675
OPM % +1259 bps+634 bps 7.0%0.7%-5.6%
Other income +21.1%-10.6% 23.025.719.0
Net profit? from lossfrom loss 719-40.1-634
PAT margin % +965 bps+467 bps 4.4%-0.3%-5.2%
EPS (₹) from lossfrom loss 48.30-2.69-42.55

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹982 Cr: core business ₹958 Cr, other income ₹23.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹1,352 Cr: 632% of FY25 net profit of ₹214 Cr.

Borrowings ₹3,117 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8,215₹16,327 +98.8% above
Detailed financials →

Kaynes Technology India Limited

KAYNES · Electronic Components · Q2 FY26 · Consolidated
M Cap
₹21,660 Cr
P/E
62.7
PEG
1.10
  • Profit +38% above its own trend
  • Operating margin expanded 200 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +58.4%+34.6% 906673572
Operating profit +80.5%+30.9% 14811382.0
OPM % +200 bps-45 bps 16.3%16.8%14.3%
Other income +26.7%+59.0% 43.127.134.0
Net profit? +102.4%+62.7% 12174.660.0
PAT margin % +291 bps+232 bps 13.4%11.1%10.5%
EPS (₹) +97.2%+59.6% 18.5611.639.41

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹152 Cr: core business ₹109 Cr, other income ₹43.1 Cr.

Core profit YoY: +113.0% · reported profit +102.4%

Cash & debt

FY25 cash from operations −₹82.0 Cr: -28% of FY25 net profit of ₹293 Cr.

Borrowings ₹903 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹824₹906 +10.0% above
Net profit₹87.7₹121 +38.4% above
📊 Investor presentation (07 Aug) Detailed financials →

IRB Infrastructure Developers Limited

IRB · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹21,595 Cr
P/E
22.6
PEG
2.83
  • Operating margin expanded 976 bps YoY
  • FY25 operating cash flow was only 30% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +10.4%-16.6% 1,7512,0991,586
Operating profit +35.4%-2.8% 925952683
OPM % +976 bps+747 bps 52.8%45.4%43.1%
Other income -70.5%-25.8% 49.066.0166
Net profit? +41.0%-30.4% 141202100
PAT margin % +175 bps-159 bps 8.1%9.6%6.3%
EPS (₹) +41.2%-29.4% 0.12adj. 0.17adj. 0.09

EPS restated for the 1:1 bonus of Mar 2026: Jun 2025 ₹0.34 to ₹0.17; Sep 2024 ₹0.17 to ₹0.09.

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹261 Cr: core business ₹212 Cr, other income ₹49.0 Cr.

Core profit YoY: — · reported profit +41.0%

Cash & debt

FY25 cash from operations ₹1,971 Cr: 30% of FY25 net profit of ₹6,481 Cr.

Borrowings ₹20,599 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,642₹1,751 +6.6% above
Net profit₹129₹141 +9.2% in line
Detailed financials →

Welspun Living Limited

WELSPUNLIV · Textiles · Q2 FY26 · Consolidated
M Cap
₹21,493 Cr
P/E
74.9
PEG
18.74
  • Profit -91% below its own trend
  • Operating margin contracted 619 bps YoY
  • 62% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -15.0%+8.0% 2,4412,2612,873
Operating profit -57.3%-32.0% 153225358
OPM % -619 bps-368 bps 6.3%10.0%12.5%
Other income -76.2%-48.3% 15.029.063.0
Net profit? -92.6%-83.1% 15.089.0202
PAT margin % -642 bps-332 bps 0.6%3.9%7.0%
EPS (₹) -93.3%-84.6% 0.140.912.10

Quality of profit

Core 38%Other income & one-offs 62%

Pre-tax profit ₹24.0 Cr: core business ₹9.0 Cr, other income ₹15.0 Cr.

Core profit YoY: -95.9% · reported profit -92.6%

Cash & debt

FY25 cash from operations ₹688 Cr: 107% of FY25 net profit of ₹644 Cr.

Borrowings ₹2,762 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,960₹2,441 -17.5% below
Net profit₹171₹15.0 -91.2% below
📊 Investor presentation (13 Aug) Detailed financials →

SJVN Limited

SJVN · Power Generation & Utilities · Q2 FY26 · Consolidated
M Cap
₹21,441 Cr
P/E
33.6
PEG
—
  • Profit -30% below its own trend
  • Operating margin expanded 260 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.6%+12.5% 1,0329171,026
Operating profit +3.9%+21.6% 860707828
OPM % +260 bps+624 bps 83.3%77.1%80.7%
Other income -14.1%+46.3% 79.054.092.0
Net profit? -30.0%+35.2% 308228440
PAT margin % -1307 bps+501 bps 29.8%24.8%42.9%
EPS (₹) -30.4%+34.5% 0.780.581.12

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹422 Cr: core business ₹374 Cr, other income ₹79.0 Cr, exceptional & other items −₹31.1 Cr.

Core profit YoY: -24.7% · reported profit -30.0%

Cash & debt

FY25 cash from operations ₹2,483 Cr: 307% of FY25 net profit of ₹809 Cr.

Borrowings ₹27,025 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,164₹1,032 -11.3% below
Net profit₹440₹308 -30.0% below
Detailed financials →

ACC Limited

ACC · Cement · Q2 FY26 · Consolidated
M Cap
₹21,124 Cr
P/E
11.1
PEG
0.36
  • Profit +516% above its own trend
  • Operating margin expanded 480 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +235%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +28.6%-1.7% 5,9326,0364,614
Operating profit +93.9%+16.4% 846727436
OPM % +480 bps+222 bps 14.3%12.0%9.5%
Other income +41.9%+85.8% 225121159
Net profit? +460.3%+198.1% 1,119375200
PAT margin % +1454 bps+1264 bps 18.9%6.2%4.3%
EPS (₹) +464.9%+198.1% 59.6019.9910.55

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹763 Cr: core business ₹538 Cr, other income ₹225 Cr.

Core profit YoY: +234.6% · reported profit +460.3%

Cash & debt

FY25 cash from operations ₹1,711 Cr: 71% of FY25 net profit of ₹2,409 Cr.

Borrowings ₹430 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,288₹5,932 +12.2% above
Net profit₹182₹1,119 +515.8% above
📊 Investor presentation (28 Jul) Detailed financials →

CREDITACCESS GRAMEEN LIMITED

CREDITACC · NBFC & Finance Companies · Q2 FY26 · Standalone
M Cap
₹20,853 Cr
P/E
17.2
PEG
—
  • Profit +35% above its own trend
  • Gross NPA up 121 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +3.8%+3.1% 1,5091,4641,454
Net interest income —+3.2% 935906—
Other income —+25.7% 94.975.5—
Operating profit (pre-provision) +3.4%+6.4% 695653672
Provisions +25.1%-8.1% 526572420
Net profit -32.4%+109.0% 12660.2186
EPS (₹) -32.6%+108.8% 7.873.7711.67
Cost-to-income % +185 bps-96 bps 32.5%33.5%30.7%
Gross NPA % +121 bps-105 bps 3.6%4.7%2.4%
Net NPA % +50 bps-52 bps 1.3%1.8%0.8%

Where profit came from

Pre-provision profit ₹695 Cr (+3.4% YoY); provisions ₹526 Cr (+25.1% YoY).

Net profit -32.4% YoY.

Against its own trend ?

TrendActualGap
Net profit₹93.0₹126 +35.2% above
📊 Investor presentation (24 Jul) Detailed financials →

GUJARAT ENERGY LIMITED

GUJENERGY · Gas Distribution · Q2 FY26 · Consolidated
M Cap
₹20,793 Cr
P/E
12.2
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales -35.4% 3,7805,851
Operating profit -46.6% 447837
OPM % -248 bps 11.8%14.3%
Other income -57.6% 72.0170
Net profit? -48.8% 280547
PAT margin % -194 bps 7.4%9.3%
EPS (₹) -52.5% 4.068.55

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹377 Cr: core business ₹305 Cr, other income ₹72.0 Cr.

Detailed financials →

Sumitomo Chemical India Limited

SUMICHEM · Pesticides & Agrochemicals · Q2 FY26 · Consolidated
M Cap
₹20,784 Cr
P/E
35.9
PEG
7.18
  • Profit -33% below its own trend
  • Operating margin contracted 135 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -5.9%-12.0% 9301,057988
Operating profit -11.0%-0.4% 218219245
OPM % -135 bps+273 bps 23.4%20.7%24.8%
Other income +25.2%-0.5% 38.839.031.0
Net profit? -7.9%-0.1% 178178193
PAT margin % -42 bps+228 bps 19.1%16.8%19.5%
EPS (₹) -7.5%-0.3% 3.563.573.85

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹238 Cr: core business ₹199 Cr, other income ₹38.8 Cr.

Core profit YoY: -12.7% · reported profit -7.9%

Cash & debt

FY25 cash from operations ₹453 Cr: 89% of FY25 net profit of ₹507 Cr.

Borrowings ₹52.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,125₹930 -17.4% below
Net profit₹265₹178 -33.0% below
📊 Investor presentation (27 Jul) Detailed financials →

Emmvee Photovoltaic Power Limited

EMMVEE · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹20,542 Cr
P/E
16.1
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +10.0% 1,1311,028
Operating profit +14.1% 399350
OPM % +127 bps 35.3%34.0%
Other income +31.4% 18.414.0
Net profit? +26.5% 238188
PAT margin % +274 bps 21.0%18.3%
EPS (₹) +26.9% 4.013.16

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹292 Cr: core business ₹273 Cr, other income ₹18.4 Cr.

📊 Investor presentation (15 Jul) Detailed financials →

NBCC (India) Limited

NBCC · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹20,498 Cr
P/E
26.8
PEG
1.34
  • 52% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -1%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +18.4%+21.7% 2,9102,3912,459
Operating profit +0.8%-8.6% 10111099.9
OPM % -60 bps-115 bps 3.5%4.6%4.1%
Other income +59.1%+44.0% 10774.367.2
Net profit? +25.2%+16.0% 157135125
PAT margin % +29 bps-26 bps 5.4%5.6%5.1%
EPS (₹) +26.7%+16.3% 0.570.490.45

Quality of profit

Core 48%Other income & one-offs 52%

Pre-tax profit ₹205 Cr: core business ₹97.7 Cr, other income ₹107 Cr.

Core profit YoY: -0.8% · reported profit +25.2%

Cash & debt

FY25 cash from operations ₹657 Cr: 118% of FY25 net profit of ₹557 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,869₹2,910 +1.4% in line
Net profit₹160₹157 -2.0% in line
📊 Investor presentation (11 Aug) Detailed financials →

Anant Raj Limited

ANANTRAJ · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹20,497 Cr
P/E
45.6
PEG
0.84
  • Profit -52% below its own trend
  • Operating margin expanded 463 bps YoY
  • Core business grew faster than reported profit (core profit +49%)
  • FY25 operating cash flow was only 26% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +23.0%+6.5% 631592513
Operating profit +48.9%+11.5% 168151113
OPM % +463 bps+119 bps 26.6%25.4%22.0%
Other income -8.3%+0.1% 10.010.010.9
Net profit? -29.8%-41.1% 74.2126106
PAT margin % -884 bps-949 bps 11.8%21.3%20.6%
EPS (₹) +30.1%+9.5% 4.023.673.09

Quality of profit

Pre-tax profit ₹90.7 Cr: core business ₹154 Cr, other income ₹10.0 Cr, exceptional & other items −₹73.3 Cr.

Core profit YoY: +49.2% · reported profit -29.8%

Cash & debt

FY25 cash from operations ₹97.0 Cr: 26% of FY25 net profit of ₹372 Cr.

Borrowings ₹482 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹671₹631 -6.0% below
Net profit₹155₹74.2 -52.0% below
📊 Investor presentation (11 Aug) Detailed financials →

Shriram Pistons & Rings Limited

SHRIPISTON · Auto Components · Q2 FY26 · Consolidated
M Cap
₹20,348 Cr
P/E
35.4
PEG
1.36
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +15.9%+5.5% 1,016963876
Operating profit +16.4%+6.1% 207195178
OPM % +8 bps+12 bps 20.4%20.3%20.3%
Other income -14.6%-8.5% 26.028.430.4
Net profit? +12.8%+5.3% 142135126
PAT margin % -39 bps-3 bps 14.0%14.0%14.4%
EPS (₹) +12.1%+4.6% 31.7630.3528.32

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹192 Cr: core business ₹166 Cr, other income ₹26.0 Cr.

Core profit YoY: +20.8% · reported profit +12.8%

Cash & debt

FY25 cash from operations ₹434 Cr: 85% of FY25 net profit of ₹513 Cr.

Borrowings ₹508 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,017₹1,016 -0.1% in line
Net profit₹145₹142 -1.9% in line
📊 Investor presentation (04 Aug) Detailed financials →

Tata Elxsi Limited

TATAELXSI · IT Services & Software · Q2 FY26 · Standalone
M Cap
₹20,291 Cr
P/E
31.0
PEG
—
  • Profit -27% below its own trend
  • Operating margin contracted 687 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -3.9%+2.9% 918892955
Operating profit -27.6%+3.2% 193187266
OPM % -687 bps+6 bps 21.0%21.0%27.9%
Other income -23.8%+28.9% 49.038.064.3
Net profit -32.4%+7.6% 155144229
PAT margin % -714 bps+74 bps 16.9%16.1%24.0%
EPS (₹) -32.5%+7.2% 24.8523.1836.84

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹215 Cr: core business ₹166 Cr, other income ₹49.0 Cr.

Core profit YoY: -29.2% · reported profit -32.4%

Cash & debt

FY25 cash from operations ₹812 Cr: 104% of FY25 net profit of ₹784 Cr.

Borrowings ₹192 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹969₹918 -5.3% below
Net profit₹211₹155 -26.5% below
📊 Investor presentation (14 Jul) Detailed financials →

HBL Engineering Limited

HBLENGINE · Auto Components · Q2 FY26 · Consolidated
M Cap
₹20,245 Cr
P/E
25.9
PEG
0.25
  • Profit +318% above its own trend
  • Operating margin expanded 2365 bps YoY
  • Core business grew faster than reported profit (core profit +460%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +134.8%+103.2% 1,223602521
Operating profit +401.2%+183.5% 544192109
OPM % +2365 bps+1260 bps 44.5%31.9%20.8%
Other income to lossto loss -8.019.612.2
Net profit? +343.5%+170.1% 38714387.3
PAT margin % +1489 bps+784 bps 31.6%23.8%16.8%
EPS (₹) +346.3%+170.7% 13.975.163.13

Quality of profit

Pre-tax profit ₹520 Cr: core business ₹529 Cr, other income −₹8.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +459.9% · reported profit +343.5%

Cash & debt

FY25 cash from operations ₹247 Cr: 89% of FY25 net profit of ₹277 Cr.

Borrowings ₹74.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹447₹1,223 +173.6% above
Net profit₹92.6₹387 +318.0% above
Detailed financials →

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