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 20 Oct 2026, 17:34 IST 5073 declared
The next results season has started: 166 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
-10.0%
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 128 of 170

Vikalp Securities Ltd

531334 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit from lossfrom loss 0.0-0.0-0.2
Other income -100.0%— 0.00.00.1
Net profit loss narrowedloss narrowed -0.0-0.0-0.1
EPS (₹) loss narrowedloss narrowed -0.03-0.10-0.23

Quality of profit

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

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹0.7 Cr.

Borrowings nil at Mar 2025.

Milestone Global Ltd

531338 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -275% below its own trend
  • Operating margin contracted 300 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.0%-12.7% 3.64.23.6
Operating profit loss widenedto loss -0.10.3-0.0
OPM % -300 bps-1026 bps -3.6%6.7%-0.6%
Other income -31.2%-54.2% 0.10.20.2
Net profit? to lossto loss -0.10.40.0
PAT margin % -386 bps-1303 bps -2.7%10.3%1.1%
EPS (₹) to lossto loss -0.200.860.08

Quality of profit

Pre-tax profit −₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.1 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹0.4 Cr: 211% of FY25 net profit of ₹0.2 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3.3₹3.6 +12.2% above
Net profit₹0.1−₹0.1 -274.7% below

Bervin Investment & Leasing Ltd

531340 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit from lossfrom loss 0.1-17.3-0.1
Other income -98.1%-73.7% 0.10.22.6
Net profit to lossloss narrowed -0.0-17.32.3
EPS (₹) to lossloss narrowed -0.07-29.313.93

Quality of profit

Pre-tax profit −₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹20.0 Cr.

Borrowings ₹9.0 Cr at Mar 2025.

Eastern Treads Ltd

531346 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 620 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +13.3%-3.1% 16.116.614.2
Operating profit from loss-54.9% 0.20.5-0.7
OPM % +620 bps-164 bps 1.4%3.1%-4.8%
Other income +28.6%-30.8% 0.10.10.1
Net profit loss narrowedloss widened -0.5-0.1-0.9
PAT margin % +332 bps-244 bps -3.3%-0.8%-6.6%
EPS (₹) loss narrowedloss widened -1.01-0.27-1.80

Quality of profit

Pre-tax profit −₹0.5 Cr: core business −₹0.6 Cr, other income ₹0.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹0.5 Cr.

Borrowings ₹33.3 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹15.3₹16.1 +5.3% above

Peeti Securities Ltd

531352 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 246 bps YoY
  • 75% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -0.8%-14.0% 4.85.64.9
Operating profit from loss-40.0% 0.00.1-0.1
OPM % +246 bps-27 bps 0.6%0.9%-1.8%
Other income -85.0%+200.0% 0.00.00.2
Net profit -75.0%-50.0% 0.00.00.1
PAT margin % -123 bps-30 bps 0.4%0.7%1.6%
EPS (₹) -76.2%-54.5% 0.050.110.21

Quality of profit

Core 25%Other income & one-offs 75%

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

Core profit YoY: from loss · reported profit -75.0%

Cash & debt

FY25 cash from operations −₹0.9 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4.8₹4.8 +1.6% in line

Mercury Ev-Tech Ltd

531357 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -46% below its own trend
  • Operating margin contracted 152 bps YoY
  • 27% 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 +74.6%+50.7% 34.022.619.5
Operating profit +49.0%+42.0% 3.02.12.0
OPM % -152 bps-54 bps 8.9%9.4%10.4%
Other income +60.0%+28.0% 0.60.50.4
Net profit? +7.5%+35.4% 1.71.31.6
PAT margin % -316 bps-57 bps 5.1%5.6%8.2%
EPS (₹) +0.0%+28.6% 0.090.070.09

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹2.4 Cr: core business ₹1.7 Cr, other income ₹0.6 Cr.

Core profit YoY: -1.2% · reported profit +7.5%

Cash & debt

FY25 cash from operations −₹44.0 Cr: -556% of FY25 net profit of ₹7.9 Cr.

Borrowings ₹7.0 Cr at Sep 2025, against ₹6.0 Cr at Mar 2025 (+17%).

Against its own trend ?

TrendActualGap
Sales₹39.0₹34.0 -12.7% below
Net profit₹3.2₹1.7 -46.2% below

Shriram Asset Management Company Ltd

531359 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +54.7%-17.5% 3.03.61.9
Operating profit loss widenedloss widened -4.4-2.7-3.5
Other income -50.0%-50.0% 0.00.00.0
Net profit loss widenedloss widened -4.4-2.8-3.6
EPS (₹) loss narrowedloss widened -2.60-1.63-2.79

Quality of profit

Pre-tax profit −₹4.4 Cr: core business −₹4.4 Cr, other income ₹0.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹13.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1.6₹3.0 +81.3% above

Golechha Global Finance Ltd

531360 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -999% below its own trend
  • Operating margin contracted 840 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -61.9%-68.6% 3.611.49.4
Operating profit —to loss -0.30.90.0
OPM % -840 bps-1668 bps -8.4%8.3%0.0%
Other income +100.0%— 0.00.00.0
Net profit to lossto loss -0.20.70.0
PAT margin % -599 bps-1213 bps -5.9%6.2%0.1%
EPS (₹) to lossto loss -0.381.290.02

Quality of profit

Pre-tax profit −₹0.3 Cr: core business −₹0.3 Cr, other income ₹0.0 Cr.

Cash & debt

FY25 cash from operations ₹0.1 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹16.1₹3.6 -77.8% below
Net profit₹0.0−₹0.2 -999.0% below

Ekansh Concepts Ltd

531364 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -60% below its own trend
  • Operating margin expanded 2179 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -15.8%+121.8% 15.06.817.9
Operating profit from loss+104.5% 2.21.1-1.2
OPM % +2179 bps-126 bps 15.0%16.2%-6.8%
Other income -90.5%-2.1% 0.50.54.8
Net profit? -31.6%+88.2% 1.30.71.9
PAT margin % -195 bps-152 bps 8.5%10.0%10.5%
EPS (₹) -31.5%+88.9% 0.850.451.24

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹1.8 Cr: core business ₹1.3 Cr, other income ₹0.5 Cr.

Core profit YoY: from loss · reported profit -31.6%

Cash & debt

FY25 cash from operations ₹25.2 Cr: 1311% of FY25 net profit of ₹1.9 Cr.

Borrowings ₹11.1 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹11.5₹15.0 +30.6% above
Net profit₹3.2₹1.3 -59.7% below

Centenial Surgical Suture Ltd

531380 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Operating margin contracted 180 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -5.7%+4.0% 13.512.914.3
Operating profit -19.7%+13.0% 1.41.21.7
OPM % -180 bps+82 bps 10.3%9.5%12.1%
Other income -16.7%— 0.10.00.1
Net profit to lossloss narrowed -0.0-0.00.1
PAT margin % -99 bps+23 bps -0.1%-0.3%0.9%
EPS (₹) to lossloss narrowed -0.03-0.110.36

Quality of profit

Pre-tax profit −₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹17.1 Cr.

Borrowings ₹30.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹14.8₹13.5 -9.1% below

Arihant Foundations & Housing Ltd

531381 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 554 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +81.8%+6.3% 87.882.648.3
Operating profit +51.1%+9.2% 23.921.915.8
OPM % -554 bps+73 bps 27.2%26.5%32.8%
Other income -6.0%+1.7% 2.42.32.5
Net profit? +89.8%+22.6% 20.016.410.6
PAT margin % +96 bps+303 bps 22.8%19.8%21.9%
EPS (₹) +63.8%+22.5% 20.1116.4112.28

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹24.9 Cr: core business ₹22.5 Cr, other income ₹2.4 Cr.

Core profit YoY: +85.4% · reported profit +89.8%

Cash & debt

FY25 cash from operations −₹86.0 Cr: -201% of FY25 net profit of ₹42.7 Cr.

Borrowings ₹149 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹90.2₹87.8 -2.6% in line
Net profit₹21.1₹20.0 -5.1% in line
📊 Investor presentation (18 Aug)

Padam Cotton Yarns Ltd

531395 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -65% below its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —+24.7% 17.113.70.0
Operating profit from loss+30.3% 2.92.2-0.1
OPM % —+73 bps 16.9%16.1%—
Other income -92.2%-5.6% 0.30.44.3
Net profit -30.9%+10.3% 2.22.03.2
PAT margin % —-170 bps 13.1%14.8%—
EPS (₹) -33.3%+11.1% 0.100.090.15

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹3.2 Cr: core business ₹2.9 Cr, other income ₹0.3 Cr.

Core profit YoY: from loss · reported profit -30.9%

Cash & debt

FY25 cash from operations −₹4.0 Cr: -38% of FY25 net profit of ₹10.6 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹6.5₹2.2 -65.4% below

Polycon International Ltd

531397 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 1829 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -34.6%-11.5% 3.94.45.9
Operating profit to lossto loss -0.10.60.8
OPM % -1829 bps-1765 bps -3.9%13.8%14.4%
Other income -100.0%— 0.00.00.0
Net profit —loss widened -1.0-0.30.0
PAT margin % -2642 bps-2046 bps -26.4%-6.0%0.0%
EPS (₹) —loss widened -2.08-0.530.00

Quality of profit

Pre-tax profit −₹1.0 Cr: core business −₹1.0 Cr, other income ₹0.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹0.3 Cr: -243% of FY25 net profit of ₹0.1 Cr.

Borrowings ₹33.9 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5.2₹3.9 -26.2% below

Source Natural Foods and Herbal Supplements Ltd

531398 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -52% below its own trend
  • Operating margin contracted 533 bps YoY
  • FY25 operating cash flow was only 2% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +65.2%+40.1% 16.912.110.3
Operating profit -0.7%+8.8% 1.41.21.4
OPM % -533 bps-231 bps 8.0%10.3%13.4%
Other income —-100.0% 0.00.00.0
Net profit -16.7%+11.1% 0.70.60.8
PAT margin % -406 bps-108 bps 4.1%5.2%8.2%
EPS (₹) -16.2%+11.2% 1.090.981.30

Quality of profit

Pre-tax profit ₹0.9 Cr: core business ₹0.9 Cr, other income ₹0.0 Cr.

Core profit YoY: +1.1% · reported profit -16.7%

Cash & debt

FY25 cash from operations ₹0.1 Cr: 2% of FY25 net profit of ₹2.9 Cr.

Borrowings ₹7.4 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹15.2₹16.9 +11.2% above
Net profit₹1.5₹0.7 -52.0% below

GG Automotive Gears Ltd

531399 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 568 bps YoY
  • Core business grew faster than reported profit (core profit +135%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +27.8%+18.7% 33.328.026.0
Operating profit +80.9%+20.1% 6.45.43.6
OPM % +568 bps+23 bps 19.4%19.1%13.7%
Other income -83.3%+250.0% 0.10.00.4
Net profit +91.4%+28.1% 3.32.61.7
PAT margin % +332 bps+73 bps 10.0%9.3%6.7%
EPS (₹) +82.0%+28.1% 3.332.601.83

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹4.7 Cr: core business ₹4.6 Cr, other income ₹0.1 Cr.

Core profit YoY: +134.5% · reported profit +91.4%

Cash & debt

FY25 cash from operations ₹14.0 Cr: 181% of FY25 net profit of ₹7.8 Cr.

Borrowings ₹25.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹29.3₹33.3 +13.3% above
Net profit₹3.3₹3.3 -0.3% in line

LWS Knitwear Ltd

531402 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -21% below its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +28.5%+151.6% 32.913.125.6
Operating profit +0.0%-15.1% 0.91.10.9
OPM % -78 bps-537 bps 2.7%8.1%3.5%
Other income —— 0.00.00.0
Net profit +50.0%+11.1% 0.30.30.2
PAT margin % +13 bps-115 bps 0.9%2.1%0.8%
EPS (₹) +50.0%+16.7% 0.210.180.14

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹0.4 Cr: core business ₹0.4 Cr, other income ₹0.0 Cr.

Core profit YoY: -17.4% · reported profit +50.0%

Cash & debt

FY25 cash from operations −₹14.2 Cr: -565% of FY25 net profit of ₹2.5 Cr.

Borrowings ₹14.2 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹30.4₹32.9 +8.1% above
Net profit₹0.4₹0.3 -20.9% below

ANS Industries Ltd

531406 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit loss narrowedloss narrowed -0.1-0.1-2.4
Other income -98.7%+0.0% 0.00.00.8
Net profit loss narrowedloss narrowed -0.1-0.2-1.6
EPS (₹) loss narrowedloss narrowed -0.06-0.19-1.78

Quality of profit

Pre-tax profit −₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹1.1 Cr.

Borrowings ₹1.5 Cr at Mar 2025.

Alchemist Corporation Ltd

531409 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit loss narrowedloss widened -0.1-0.0-0.1
Other income -100.0%— 0.00.00.0
Net profit loss narrowedloss narrowed -0.1-0.1-0.1
EPS (₹) loss narrowedloss narrowed -0.10-0.14-0.16

Quality of profit

Pre-tax profit −₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹0.7 Cr.

Borrowings ₹0.7 Cr at Mar 2025.

Tuni Textile Mills Ltd

531411 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +122% above its own trend
  • Core business grew faster than reported profit (core profit +500%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +81.2%+31.1% 29.922.816.5
Operating profit +125.8%+70.7% 1.40.80.6
OPM % +93 bps+109 bps 4.7%3.6%3.8%
Other income +20.0%+500.0% 0.10.00.1
Net profit +280.0%+185.0% 0.60.20.1
PAT margin % +100 bps+103 bps 1.9%0.9%0.9%
EPS (₹) —— 0.010.000.00

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹0.8 Cr: core business ₹0.7 Cr, other income ₹0.1 Cr.

Core profit YoY: +500.0% · reported profit +280.0%

Cash & debt

FY25 cash from operations −₹1.0 Cr: -175% of FY25 net profit of ₹0.6 Cr.

Borrowings ₹17.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹20.8₹29.9 +43.8% above
Net profit₹0.3₹0.6 +122.4% above

Radix Industries (India) Ltd

531412 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +52% above its own trend
  • Operating margin expanded 363 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -9.3%+50.4% 12.18.013.3
Operating profit +60.3%+24.7% 1.00.80.6
OPM % +363 bps-172 bps 8.4%10.1%4.7%
Other income +0.0%-71.4% 0.00.10.0
Net profit +69.0%+12.7% 0.70.60.4
PAT margin % +272 bps-196 bps 5.9%7.8%3.2%
EPS (₹) +67.9%+11.9% 0.470.420.28

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹0.9 Cr: core business ₹0.9 Cr, other income ₹0.0 Cr.

Core profit YoY: +73.1% · reported profit +69.0%

Cash & debt

FY25 cash from operations ₹7.5 Cr: 287% of FY25 net profit of ₹2.6 Cr.

Borrowings ₹0.2 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹19.4₹12.1 -37.5% below
Net profit₹0.5₹0.7 +52.3% above

Narendra Properties Ltd

531416 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -100.0%-100.0% 0.02.83.7
Operating profit to lossloss widened -0.3-0.00.2
Other income +97.4%-6.3% 0.80.80.4
Net profit -29.8%-48.1% 0.40.80.6
EPS (₹) -30.0%-48.1% 0.561.080.80

Quality of profit

Pre-tax profit ₹0.4 Cr: core business −₹0.4 Cr, other income ₹0.8 Cr.

Core profit YoY: to loss · reported profit -29.8%

Cash & debt

FY25 cash from operations −₹3.6 Cr: -385% of FY25 net profit of ₹0.9 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3.0₹0.0 -100.0% below

BMB Music & Magnetics Ltd

531420 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -83% below its own trend
  • Operating margin expanded 4889 bps YoY
  • Core business grew faster than reported profit (core profit +100%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -95.6%-95.6% 0.00.90.9
Operating profit +100.0%-95.6% 0.00.50.0
OPM % +4889 bps+0 bps 50.0%50.0%1.1%
Other income -100.0%— 0.00.00.1
Net profit -66.7%-95.6% 0.00.50.1
PAT margin % +4333 bps+0 bps 50.0%50.0%6.7%
EPS (₹) -70.0%-95.9% 0.030.740.10

Quality of profit

Core 100%Other income & one-offs 0%

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

Core profit YoY: +100.0% · reported profit -66.7%

Cash & debt

FY25 cash from operations ₹0.8 Cr: 62% of FY25 net profit of ₹1.3 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1.8₹0.0 -97.8% below
Net profit₹0.1₹0.0 -83.3% below

Saffron Industries Ltd

531436 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 4058 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +76.1%-73.9% 0.83.10.5
Operating profit +350.0%-70.8% 0.51.90.1
OPM % +4058 bps+699 bps 66.7%59.7%26.1%
Other income -100.0%-100.0% 0.00.00.0
Net profit from lossfrom loss 0.2-0.1-0.2
PAT margin % +6876 bps+3253 bps 29.6%-2.9%-39.1%
EPS (₹) from lossfrom loss 0.33-0.13-0.25

Quality of profit

Pre-tax profit ₹0.2 Cr: core business ₹0.2 Cr, other income ₹0.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹5.1 Cr: 182% of FY25 net profit of ₹2.8 Cr.

Borrowings ₹11.8 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.2₹0.8 +245.9% above

Prakash Woollen & Synthetic Mills Ltd

531437 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 399 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -4.9%+64.2% 26.916.428.3
Operating profit +152.9%+42.1% 1.71.20.7
OPM % +399 bps-99 bps 6.4%7.4%2.4%
Other income —— 0.50.00.0
Net profit loss narrowedloss widened -0.3-0.2-1.0
PAT margin % +246 bps+12 bps -1.0%-1.2%-3.5%
EPS (₹) loss narrowedloss widened -0.27-0.19-0.96

Quality of profit

Pre-tax profit ₹0.1 Cr: core business −₹0.4 Cr, other income ₹0.5 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹7.0 Cr: 560% of FY25 net profit of ₹1.2 Cr.

Borrowings ₹42.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹32.5₹26.9 -17.2% below

Polylink Polymers India Ltd

531454 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -78% below its own trend
  • Operating margin contracted 227 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +3.9%+5.9% 21.920.721.1
Operating profit -50.0%-25.8% 0.50.60.9
OPM % -227 bps-90 bps 2.1%3.0%4.4%
Other income +633.3%+340.0% 0.20.10.0
Net profit -56.1%-5.3% 0.20.20.4
PAT margin % -113 bps-10 bps 0.8%0.9%1.9%
EPS (₹) -57.9%-11.1% 0.080.090.19

Quality of profit

Pre-tax profit ₹0.2 Cr: core business −₹0.0 Cr, other income ₹0.2 Cr.

Core profit YoY: to loss · reported profit -56.1%

Cash & debt

FY25 cash from operations ₹2.3 Cr: 109% of FY25 net profit of ₹2.1 Cr.

Borrowings ₹2.6 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹23.8₹21.9 -8.1% below
Net profit₹0.8₹0.2 -77.5% below

Minaxi Textiles Ltd

531456 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Operating margin expanded 189 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -9.9%+31.1% 7.05.47.8
Operating profit +92.3%from loss 0.2-0.20.1
OPM % +189 bps+690 bps 3.6%-3.4%1.7%
Other income -98.2%-99.7% 0.03.00.6
Net profit to lossto loss -0.21.80.2
PAT margin % -446 bps-3649 bps -2.4%34.1%2.0%
EPS (₹) to lossto loss -0.030.370.03

Quality of profit

Pre-tax profit −₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹3.4 Cr.

Borrowings ₹14.3 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5.8₹7.0 +21.3% above

Continental Controls Ltd

531460 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -400% below its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit loss widenedloss widened -0.1-0.0-0.0
Other income +0.0%+0.0% 0.10.10.1
Net profit to lossto loss -0.00.00.0
EPS (₹) to lossto loss -0.030.020.02

Quality of profit

Pre-tax profit −₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹0.0 Cr: -67% of FY25 net profit of ₹0.1 Cr.

Borrowings ₹0.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹0.0−₹0.0 -400.0% below

Global Infratech & Finance Ltd

531463 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit loss widenedloss widened -0.1-0.0-0.0
Other income —+200.0% 0.10.00.0
Net profit loss narrowed-100.0% 0.00.0-0.0
PAT margin % —— 0.0%——
EPS (₹) loss narrowed-100.0% 0.000.07-0.01

Quality of profit

Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹24.3 Cr.

Borrowings ₹1.5 Cr at Mar 2025.

Duke Offshore Ltd

531471 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit loss narrowedloss narrowed -0.3-0.4-0.5
Other income +200.0%-57.1% 0.00.10.0
Net profit loss narrowedloss widened -0.5-0.4-0.6
EPS (₹) loss narrowedloss widened -0.54-0.41-0.65

Quality of profit

Pre-tax profit −₹0.5 Cr: core business −₹0.6 Cr, other income ₹0.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹0.3 Cr.

Borrowings ₹0.2 Cr at Mar 2025.

Cybele Industries Ltd

531472 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +266.7%+120.0% 11.05.03.0
Operating profit loss narrowedloss narrowed -2.0-4.0-5.0
OPM % —+6182 bps -18.2%-80.0%—
Other income —-40.0% 6.010.00.0
Net profit? from loss-50.0% 3.06.0-6.0
PAT margin % —— 27.3%——
EPS (₹) from loss-48.5% 2.695.22-5.41

Quality of profit

Pre-tax profit ₹3.0 Cr: core business −₹2.0 Cr, other income ₹6.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹6.0 Cr.

Borrowings ₹28.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3.0₹11.0 +266.7% above

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, the year's cash-flow statement with the March results and the half-year's (April to September) with the September results.

Management guidance. When a company files the transcript of its earnings call, we read what its management said to expect: revenue or profit growth, margins, capex and the like, for this financial year or part of it. A figure is kept only when the sentence that states it is found in the transcript, and you can read it under "What management said". Growth and margins are then set beside the actual so far: the year-to-date quarters against the same quarters a year earlier (so the first half is measured against a full-year figure). Within 1 percentage point of the range for growth, or 0.5 for margins, is "on track"; above it "ahead", below it "behind". A new figure for the same period is marked raised or cut against the one before. This is what management said, not a forecast of ours.

Working capital. Inventory, trade receivables and trade payables from the same balance sheets, each also as days of sales (the amount against the twelve months' sales to that date, times 365). Receivables or inventory that grow 25 points or more faster than sales between two balance sheets (and by at least 20%) are flagged: money tied up in customers and stock is profit not yet in cash. These lines are read from filings since the September 2026 results, so comparisons with an earlier balance sheet start with the March 2027 results for most companies.

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