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 19 Oct 2026, 16:02 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 129 of 170

Filmcity Media Ltd

531486 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -100.0%— 0.00.00.7
Operating profit to loss— -0.1-0.10.0
Other income —— 0.00.00.0
Net profit —— -0.1-0.10.0
EPS (₹) —— -0.02-0.020.00

Quality of profit

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

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹0.0 Cr.

Borrowings nil at Mar 2025.

CG Vak Software & Exports Ltd

531489 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 696 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -5.9%-0.9% 18.318.419.4
Operating profit +33.0%+11.3% 4.33.93.3
OPM % +696 bps+260 bps 23.8%21.2%16.8%
Other income +68.8%+113.2% 0.80.40.5
Net profit? +44.2%+23.1% 3.52.82.4
PAT margin % +657 bps+370 bps 18.9%15.2%12.4%
EPS (₹) +44.2%+23.2% 6.855.564.75

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹4.7 Cr: core business ₹3.8 Cr, other income ₹0.8 Cr.

Core profit YoY: +42.1% · reported profit +44.2%

Cash & debt

FY25 cash from operations ₹13.0 Cr: 141% of FY25 net profit of ₹9.3 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹19.9₹18.3 -8.4% below
Net profit₹3.4₹3.5 +1.4% in line

Omkar Overseas Ltd

531496 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit —loss narrowed -0.0-0.1-0.0
Other income —— 0.00.00.0
Net profit —loss narrowed -0.0-0.1-0.0
EPS (₹) —loss narrowed -0.06-0.12-0.06

Quality of profit

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

Cash & debt

FY25 cash from operations −₹0.2 Cr.

Borrowings ₹0.2 Cr at Mar 2025.

Esaar India Ltd

531502 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +200.0%+650.0% 15.02.05.0
Operating profit from lossfrom loss 14.0-14.0-16.0
OPM % —— 93.3%——
Other income -100.0%— 0.00.016.0
Net profit from lossfrom loss 12.0-17.0-1.0
PAT margin % +10000 bps— 80.0%—-20.0%
EPS (₹) from lossfrom loss 5.79-8.37-0.43

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹10.0 Cr: core business ₹9.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations −₹13.0 Cr.

Borrowings ₹54.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5.0₹15.0 +200.0% above

Maris Spinners Ltd

531503 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 180 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +6.8%+13.2% 43.138.140.4
Operating profit +124.2%-9.2% 1.51.60.7
OPM % +180 bps-85 bps 3.4%4.3%1.6%
Other income -6.8%-4.8% 1.81.91.9
Net profit loss narrowedloss widened -0.5-0.5-1.1
PAT margin % +147 bps-2 bps -1.2%-1.2%-2.7%
EPS (₹) loss narrowedloss widened -0.63-0.54-1.30

Quality of profit

Pre-tax profit −₹0.7 Cr: core business −₹2.5 Cr, other income ₹1.8 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹15.0 Cr.

Borrowings ₹79.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹43.4₹43.1 -0.5% in line

Shukra Bullions Ltd

531506 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 2118 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +12.5%— 0.40.00.3
Operating profit -46.2%from loss 0.1-0.00.1
OPM % -2118 bps— 19.4%—40.6%
Other income —— 0.00.00.0
Net profit -46.2%from loss 0.1-0.00.1
PAT margin % -2118 bps— 19.4%—40.6%
EPS (₹) -46.2%from loss 0.14-0.080.26

Quality of profit

Core 100%Other income & one-offs 0%

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

Core profit YoY: -46.2% · reported profit -46.2%

Cash & debt

FY25 cash from operations ₹0.2 Cr: 400% of FY25 net profit of ₹0.0 Cr.

Borrowings nil at Mar 2025.

Step Two Corporation Ltd

531509 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —-100.0% 0.00.90.0
Operating profit loss narrowedto loss -1.50.6-3.6
Other income -97.2%from loss 0.0-0.20.7
Net profit loss narrowedto loss -1.10.2-2.4
EPS (₹) loss narrowedto loss -1.500.34-5.67

Quality of profit

Pre-tax profit −₹1.5 Cr: core business −₹1.6 Cr, other income ₹0.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹0.4 Cr.

Borrowings nil at Mar 2025.

Orient Tradelink Ltd

531512 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -64% below its own trend
  • Operating margin contracted 5823 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • FY25 operating cash flow was only 22% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -3.9%-38.4% 3.04.83.1
Operating profit to lossto loss -0.70.81.1
OPM % -5823 bps-3933 bps -23.1%16.3%35.2%
Other income —— 1.40.00.0
Net profit -27.8%-15.2% 0.40.50.5
PAT margin % -437 bps+362 bps 13.2%9.6%17.6%
EPS (₹) -9.1%-31.0% 0.200.290.22

Quality of profit

Pre-tax profit ₹0.5 Cr: core business −₹0.9 Cr, other income ₹1.4 Cr.

Core profit YoY: to loss · reported profit -27.8%

Cash & debt

FY25 cash from operations ₹0.1 Cr: 22% of FY25 net profit of ₹0.5 Cr.

Borrowings ₹3.3 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4.6₹3.0 -36.2% below
Net profit₹1.1₹0.4 -63.9% below

Mahan Industries Ltd

531515 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +118% above its own trend
  • Operating margin contracted 274 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +305.4%+130.8% 1.50.70.4
Operating profit +100.0%-55.6% 0.00.10.0
OPM % -274 bps-1118 bps 2.7%13.8%5.4%
Other income —— 0.00.00.0
Net profit +100.0%-75.0% 0.00.10.0
PAT margin % -137 bps-1097 bps 1.3%12.3%2.7%
EPS (₹) —-77.8% 0.040.180.00

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 +100.0%

Cash & debt

FY25 cash from operations −₹1.9 Cr.

Borrowings ₹3.5 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.7₹1.5 +108.7% above
Net profit₹0.0₹0.0 +118.2% above

Desh Rakshak Aushdhalaya Ltd

531521 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -62% below its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -20.2%-26.9% 0.91.31.2
Operating profit -20.6%+8.0% 0.30.20.3
OPM % -15 bps+919 bps 28.4%19.2%28.6%
Other income —— 0.00.00.0
Net profit -46.7%-20.0% 0.10.10.1
PAT margin % -418 bps+73 bps 8.4%7.7%12.6%
EPS (₹) -58.8%-39.1% 0.140.230.34

Quality of profit

Core 100%Other income & one-offs 0%

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

Core profit YoY: -40.0% · reported profit -46.7%

Cash & debt

FY25 cash from operations −₹0.3 Cr: -42% of FY25 net profit of ₹0.7 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1.6₹0.9 -39.1% below
Net profit₹0.2₹0.1 -61.6% below

ACE Software Exports Ltd

531525 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +49% above its own trend
  • Operating margin contracted 1081 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +139.5%+5.7% 14.013.25.8
Operating profit +33.6%+24.8% 1.91.51.4
OPM % -1081 bps+209 bps 13.6%11.5%24.4%
Other income +122.2%+29.0% 0.40.30.2
Net profit? +37.6%+50.0% 1.81.21.3
PAT margin % -967 bps+385 bps 13.1%9.2%22.7%
EPS (₹) +108.3%+44.9% 1.000.690.48

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹1.8 Cr: core business ₹1.4 Cr, other income ₹0.4 Cr.

Core profit YoY: +25.4% · reported profit +37.6%

Cash & debt

FY25 cash from operations −₹9.8 Cr: -175% of FY25 net profit of ₹5.6 Cr.

Borrowings ₹5.7 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹11.7₹14.0 +19.7% above
Net profit₹1.2₹1.8 +48.6% above

Accedere Ltd

531533 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 486 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -6.6%+30.3% 1.00.81.1
Operating profit -33.3%+20.0% 0.10.10.2
OPM % -486 bps-104 bps 12.1%13.2%17.0%
Other income —— 0.00.00.0
Net profit? -30.0%+40.0% 0.10.10.1
PAT margin % -236 bps+49 bps 7.1%6.6%9.4%
EPS (₹) -24.2%+51.5% adj. 0.140.090.18

EPS restated for the 1:10 bonus of Mar 2026: Sep 2025 ₹0.15 to ₹0.14.

Quality of profit

Core 100%Other income & one-offs 0%

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

Core profit YoY: -35.7% · reported profit -30.0%

Cash & debt

FY25 cash from operations ₹0.7 Cr: 2300% of FY25 net profit of ₹0.0 Cr.

Borrowings ₹0.4 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1.0₹1.0 -2.9% in line

Mizzen Ventures Ltd

531537 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • 61% 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 —-2.2% 0.50.50.0
Operating profit from loss-8.7% 0.20.2-0.2
OPM % —-333 bps 46.7%50.0%—
Other income —+19.0% 0.20.20.0
Net profit? from loss+6.1% 0.30.3-0.3
PAT margin % —+604 bps 77.8%71.7%—
EPS (₹) from loss+6.3% 0.170.16-1.74

Quality of profit

Core 39%Other income & one-offs 61%

Pre-tax profit ₹0.4 Cr: core business ₹0.2 Cr, other income ₹0.2 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations −₹5.5 Cr: -1339% of FY25 net profit of ₹0.4 Cr.

Borrowings ₹0.1 Cr at Mar 2025.

Rishabh Digha Steel & Allied Products Ltd

531539 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -36% below its own trend
  • 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 —— 0.30.00.0
Operating profit loss narrowedloss narrowed -0.0-0.1-0.0
OPM % —— -3.3%——
Other income -14.8%-25.8% 0.20.30.3
Net profit -30.4%-5.9% 0.20.20.2
PAT margin % —— 53.3%——
EPS (₹) -31.0%-6.5% 0.290.310.42

Quality of profit

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

Core profit YoY: loss narrowed · reported profit -30.4%

Cash & debt

FY25 cash from operations −₹0.9 Cr: -1087% of FY25 net profit of ₹0.1 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹0.2₹0.2 -35.8% below

Maruti Infrastructure Ltd

531540 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 1168 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +43.5%-25.5% 12.717.18.9
Operating profit from loss-13.0% 0.50.5-0.7
OPM % +1168 bps+53 bps 3.7%3.2%-8.0%
Other income +100.0%— 0.10.00.0
Net profit from loss-14.3% 0.20.3-0.9
PAT margin % +1236 bps+25 bps 1.9%1.6%-10.5%
EPS (₹) from loss+0.0% 0.030.03-0.10

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹0.3 Cr: core business ₹0.3 Cr, other income ₹0.1 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹3.0 Cr: 156% of FY25 net profit of ₹1.9 Cr.

Borrowings ₹18.1 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹14.0₹12.7 -9.2% below

Jhaveri Credits & Capital Ltd

531550 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -56% below its own trend
  • Operating margin contracted 510 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +126%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +300.0%+127.5% 22.49.85.6
Operating profit +121.9%-21.5% 1.41.80.6
OPM % -510 bps-1206 bps 6.4%18.4%11.4%
Other income -68.1%— 0.40.01.4
Net profit -12.1%+3.4% 1.21.21.4
PAT margin % -1954 bps-660 bps 5.5%12.1%25.0%
EPS (₹) -16.7%-1.5% 1.301.321.56

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹1.7 Cr: core business ₹1.2 Cr, other income ₹0.4 Cr.

Core profit YoY: +125.9% · reported profit -12.1%

Cash & debt

FY25 cash from operations −₹7.0 Cr: -50% of FY25 net profit of ₹14.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹11.2₹22.4 +100.0% above
Net profit₹2.8₹1.2 -56.1% below

Raghunath Tobacco Company Ltd

531552 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +51% above its own trend
  • 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% 0.01.10.0
Operating profit loss narrowedto loss -0.10.9-0.1
Other income +15.0%+4.5% 0.50.40.4
Net profit? +165.0%-44.8% 0.51.00.2
EPS (₹) +158.8%-45.0% 0.440.800.17

Quality of profit

Pre-tax profit ₹0.3 Cr: core business −₹0.2 Cr, other income ₹0.5 Cr.

Core profit YoY: loss narrowed · reported profit +165.0%

Cash & debt

FY25 cash from operations −₹0.7 Cr: -76% of FY25 net profit of ₹1.0 Cr.

Borrowings ₹2.3 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹0.4₹0.5 +50.9% above

Disha Resources Ltd

531553 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.50.00.0
Operating profit loss narrowedloss narrowed -0.1-0.1-0.2
OPM % —— -13.0%——
Other income —— 0.10.00.0
Net profit loss narrowedloss narrowed -0.0-0.1-0.2
PAT margin % —— -2.2%——
EPS (₹) loss narrowedloss narrowed -0.01-0.08-0.29

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 ₹4.2 Cr.

Borrowings ₹0.5 Cr at Mar 2025.

Sanjivani Paranteral Ltd

531569 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -43% below its own trend
  • Operating margin contracted 120 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -14.5%-13.4% 15.517.918.1
Operating profit -21.1%-14.8% 2.22.62.9
OPM % -120 bps-24 bps 14.5%14.8%15.7%
Other income -59.0%+300.0% 0.20.00.4
Net profit -28.7%-5.2% 1.61.72.3
PAT margin % -211 bps+91 bps 10.6%9.7%12.7%
EPS (₹) -32.0%-6.3% 1.341.431.97

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹2.2 Cr: core business ₹2.0 Cr, other income ₹0.2 Cr.

Core profit YoY: -19.4% · reported profit -28.7%

Cash & debt

FY25 cash from operations −₹0.2 Cr: -3% of FY25 net profit of ₹8.1 Cr.

Borrowings ₹5.6 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹22.3₹15.5 -30.3% below
Net profit₹2.9₹1.6 -42.9% below
📊 Investor presentation (14 Aug)

Vas Infrastructure Ltd

531574 · Q2 FY26 · Standalone
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 —— 0.00.00.0
Operating profit loss narrowedloss narrowed -0.1-0.2-0.2
Other income —— 0.20.00.0
Net profit from lossfrom loss 0.1-0.2-0.2
EPS (₹) from lossfrom loss 0.06-0.12-0.15

Quality of profit

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

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹2.2 Cr.

Borrowings ₹120 Cr at Mar 2025.

KMF Builders & Developers Ltd

531578 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit loss narrowedloss narrowed -0.2-0.3-0.3
Other income +75.0%+600.0% 0.20.00.1
Net profit loss narrowedloss narrowed -0.0-0.3-0.2
EPS (₹) loss narrowedloss narrowed -0.03-0.26-0.16

Quality of profit

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

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹0.8 Cr.

Borrowings ₹0.3 Cr at Mar 2025.

Rap Corp Ltd

531583 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 62.10.00.0
Operating profit from lossfrom loss 43.0-0.3-0.3
OPM % —— 69.3%——
Other income -100.0%— 0.00.00.0
Net profit? from lossfrom loss 43.0-0.5-0.4
PAT margin % —— 69.2%——
EPS (₹) from lossfrom loss 73.12-0.80-0.65

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹43.0 Cr: core business ₹43.0 Cr, other income ₹0.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations −₹6.0 Cr: -10% of FY25 net profit of ₹60.5 Cr.

Borrowings ₹13.0 Cr at Mar 2025.

Devine Impex Ltd

531585 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 664 bps YoY
  • FY25 operating cash flow was only 25% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -22.9%+208.3% 0.40.10.5
Operating profit +100.0%from loss 0.0-0.00.0
OPM % +664 bps+1914 bps 10.8%-8.3%4.2%
Other income —— 0.00.00.0
Net profit +200.0%from loss 0.0-0.00.0
PAT margin % +602 bps+1644 bps 8.1%-8.3%2.1%
EPS (₹) +200.0%from loss 0.03-0.010.01

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 +200.0%

Cash & debt

FY25 cash from operations ₹0.0 Cr: 25% of FY25 net profit of ₹0.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.5₹0.4 -32.0% below

Genpharmasec Ltd

531592 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -184% below its own trend
  • Operating margin contracted 357 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +441.3%+171.1% 32.612.06.0
Operating profit to lossto loss -0.50.90.1
OPM % -357 bps-922 bps -1.4%7.8%2.2%
Other income -38.7%-33.3% 0.50.70.8
Net profit? to lossto loss -1.21.20.7
PAT margin % -1522 bps-1375 bps -3.6%10.1%11.6%
EPS (₹) to lossto loss -0.020.020.01

Quality of profit

Pre-tax profit −₹0.8 Cr: core business −₹1.2 Cr, other income ₹0.5 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹3.0 Cr: 197% of FY25 net profit of ₹1.5 Cr.

Borrowings ₹5.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8.1₹32.6 +300.6% above
Net profit₹1.4−₹1.2 -184.3% below

Incon Engineers Ltd

531594 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —-100.0% 0.00.20.0
Operating profit loss widenedloss widened -0.2-0.1-0.1
Other income +0.0%+0.0% 0.00.00.0
Net profit loss widenedloss widened -0.1-0.0-0.1
EPS (₹) loss widenedloss widened -0.32-0.09-0.25

Quality of profit

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

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹0.4 Cr.

Borrowings ₹0.8 Cr at Mar 2025.

Gogia Capital Growth Ltd

531600 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -89.8%+38.1% 0.30.22.9
Operating profit to lossloss narrowed -0.3-0.31.0
Other income -11.8%-46.4% 0.10.30.2
Net profit to lossloss widened -0.2-0.01.1
PAT margin % -12311 bps-6371 bps -82.8%-19.0%40.4%
EPS (₹) to lossloss widened -0.38-0.061.82

Quality of profit

Pre-tax profit −₹0.2 Cr: core business −₹0.4 Cr, other income ₹0.1 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹1.0 Cr: -31% of FY25 net profit of ₹3.3 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3.1₹0.3 -90.5% below

Gorani Industries Ltd

531608 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 972 bps YoY
  • FY25 operating cash flow was only 33% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -30.0%-26.0% 8.611.712.3
Operating profit from loss-16.7% 0.60.7-0.3
OPM % +972 bps+78 bps 7.0%6.2%-2.8%
Other income -100.0%— 0.00.00.2
Net profit from loss-32.0% 0.20.2-0.4
PAT margin % +522 bps-17 bps 2.0%2.1%-3.2%
EPS (₹) from loss-31.9% 0.320.47-0.75

Quality of profit

Core 100%Other income & one-offs 0%

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 ₹0.3 Cr: 33% of FY25 net profit of ₹0.9 Cr.

Borrowings ₹11.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹13.2₹8.6 -34.6% below

KG Petrochem Ltd

531609 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 440 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.7%-9.9% 84.794.077.9
Operating profit -65.1%-75.4% 1.87.15.0
OPM % -440 bps-551 bps 2.1%7.6%6.5%
Other income +160.0%+90.2% 3.11.61.2
Net profit loss widenedto loss -0.22.2-0.1
PAT margin % -17 bps-256 bps -0.3%2.3%-0.1%
EPS (₹) loss widenedto loss -0.424.14-0.13

Quality of profit

Pre-tax profit −₹0.1 Cr: core business −₹3.3 Cr, other income ₹3.1 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹27.0 Cr: 500% of FY25 net profit of ₹5.4 Cr.

Borrowings ₹121 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹99.8₹84.7 -15.2% below

Meyer Apparel Ltd

531613 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -100.0%-100.0% 0.00.10.4
Operating profit loss narrowedloss narrowed -0.2-0.2-0.3
Other income -100.0%— 0.00.00.0
Net profit loss narrowed— -0.2-0.2-0.3
EPS (₹) loss narrowed— -0.02-0.02-0.04

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 −₹0.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.2₹0.0 -100.0% below

Starcom Information Technology Ltd

531616 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -37.7%+65.5% 0.50.30.8
Operating profit loss widenedloss narrowed -1.1-1.2-1.0
Other income +33.3%+300.0% 0.10.00.1
Net profit loss widenedloss narrowed -1.2-1.6-1.0
EPS (₹) loss widenedloss narrowed -2.40-3.20-2.06

Quality of profit

Pre-tax profit −₹1.2 Cr: core business −₹1.3 Cr, other income ₹0.1 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹6.0 Cr.

Borrowings ₹15.7 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1.5₹0.5 -68.8% below

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