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, 19:14 IST 5073 declared
The next results season has started: 42 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 16 of 170

Usha Martin Limited

USHAMART · Iron & Steel · Q2 FY26 · Consolidated
M Cap
₹14,808 Cr
P/E
29.1
PEG
2.24
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.9%+2.3% 908887891
Operating profit +7.5%+19.6% 173145161
OPM % +98 bps+275 bps 19.1%16.3%18.1%
Other income -9.1%-49.9% 10.020.011.0
Net profit? +0.9%+9.1% 110101109
PAT margin % -12 bps+75 bps 12.1%11.4%12.2%
EPS (₹) +0.0%+8.8% 3.603.313.60

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹150 Cr: core business ₹140 Cr, other income ₹10.0 Cr.

Core profit YoY: +7.7% · reported profit +0.9%

Cash & debt

FY25 cash from operations ₹422 Cr: 104% of FY25 net profit of ₹406 Cr.

Borrowings ₹417 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹963₹908 -5.7% below
Net profit₹105₹110 +5.1% in line
📊 Investor presentation (27 Jul) Detailed financials →

Paradeep Phosphates Limited

PARADEEP · Fertilizers · Q2 FY26 · Consolidated
M Cap
₹14,723 Cr
P/E
13.7
PEG
0.29
  • Profit -33% below its own trend
  • Operating margin contracted 142 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +48.8%+83.1% 6,8723,7544,619
Operating profit +29.5%+40.9% 657466507
OPM % -142 bps-285 bps 9.6%12.4%11.0%
Other income +108.6%+52.6% 41.727.320.0
Net profit? +34.1%+33.6% 342256255
PAT margin % -54 bps-184 bps 5.0%6.8%5.5%
EPS (₹) +5.4%+5.1% 3.303.143.13

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹469 Cr: core business ₹427 Cr, other income ₹41.7 Cr.

Core profit YoY: +35.1% · reported profit +34.1%

Cash & debt

FY25 cash from operations ₹1,386 Cr: 239% of FY25 net profit of ₹579 Cr.

Borrowings ₹4,358 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7,244₹6,872 -5.1% below
Net profit₹510₹342 -33.0% below
📊 Investor presentation (30 Jul) Detailed financials →

AstraZeneca Pharma India Limited

ASTRAZEN · Pharmaceuticals · Q2 FY26 · Standalone
M Cap
₹14,694 Cr
P/E
86.7
PEG
5.78
  • Core business grew faster than reported profit (core profit +66%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +37.0%+6.2% 559526408
Operating profit +42.7%-7.5% 75.081.152.5
OPM % +54 bps-199 bps 13.4%15.4%12.9%
Other income -87.7%-91.1% 1.011.28.2
Net profit +40.5%-3.3% 54.055.838.4
PAT margin % +24 bps-95 bps 9.7%10.6%9.4%
EPS (₹) +41.1%-2.9% 21.6922.3315.37

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹73.0 Cr: core business ₹71.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +65.6% · reported profit +40.5%

Cash & debt

FY25 cash from operations ₹65.0 Cr: 56% of FY25 net profit of ₹116 Cr.

Borrowings ₹36.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹545₹559 +2.6% in line
Net profit₹56.5₹54.0 -4.4% in line
Detailed financials →

Supreme Petrochem Limited

SPLPETRO · Petrochemicals · Q2 FY26 · Standalone
M Cap
₹14,544 Cr
P/E
29.9
PEG
—
  • Profit -42% below its own trend
  • Operating margin contracted 121 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -27.0%-20.7% 1,1001,3871,506
Operating profit -37.6%-32.0% 78.0115125
OPM % -121 bps-118 bps 7.1%8.3%8.3%
Other income -47.1%-40.3% 9.015.117.0
Net profit -46.7%-40.7% 48.080.990.0
PAT margin % -161 bps-147 bps 4.4%5.8%6.0%
EPS (₹) -46.7%-40.5% 2.564.304.80

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹65.0 Cr: core business ₹57.0 Cr, other income ₹9.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -45.7% · reported profit -46.7%

Cash & debt

FY25 cash from operations ₹342 Cr: 88% of FY25 net profit of ₹390 Cr.

Borrowings ₹130 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,629₹1,100 -32.5% below
Net profit₹83.5₹48.0 -42.5% below
📊 Investor presentation (27 Jul) Detailed financials →

Shaily Engineering Plastics Limited

SHAILY · Plastic Products · Q2 FY26 · Consolidated
M Cap
₹14,529 Cr
P/E
82.4
PEG
1.19
  • Profit +24% above its own trend
  • Operating margin expanded 994 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +33.7%+4.0% 257247192
Operating profit +97.0%+16.1% 79.368.340.3
OPM % +994 bps+322 bps 30.9%27.7%21.0%
Other income +118.7%+9.2% 2.32.11.0
Net profit? +133.8%+24.6% 51.341.121.9
PAT margin % +855 bps+330 bps 20.0%16.7%11.4%
EPS (₹) +133.3%+24.6% 11.158.954.78

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹65.7 Cr: core business ₹63.4 Cr, other income ₹2.3 Cr.

Core profit YoY: +148.8% · reported profit +133.8%

Cash & debt

FY25 cash from operations ₹110 Cr: 118% of FY25 net profit of ₹93.1 Cr.

Borrowings ₹188 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹242₹257 +5.9% above
Net profit₹41.2₹51.3 +24.4% above
📊 Investor presentation (08 Aug) Detailed financials →

Kansai Nerolac Paints Limited

KANSAINER · Paints · Q2 FY26 · Consolidated
M Cap
₹14,519 Cr
P/E
24.7
PEG
2.24
  • Profit +20% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.1%-9.6% 1,9542,1621,951
Operating profit +1.4%-29.0% 215303212
OPM % +14 bps-301 bps 11.0%14.0%10.9%
Other income +3.7%-47.2% 28.053.027.0
Net profit? +11.3%-38.2% 133216120
PAT margin % +68 bps-315 bps 6.8%10.0%6.1%
EPS (₹) +9.9%-38.8% 1.672.731.52

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹182 Cr: core business ₹153 Cr, other income ₹28.0 Cr, exceptional & other items ₹0.7 Cr.

Core profit YoY: -1.9% · reported profit +11.3%

Cash & debt

FY25 cash from operations ₹672 Cr: 61% of FY25 net profit of ₹1,109 Cr.

Borrowings ₹296 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,966₹1,954 -0.6% in line
Net profit₹111₹133 +20.0% above
📊 Investor presentation (03 Feb) Detailed financials →

Vijaya Diagnostic Centre Limited

VIJAYA · Hospitals & Healthcare Services · Q2 FY26 · Consolidated
M Cap
₹14,487 Cr
P/E
77.4
PEG
2.87
  • Profit -17% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +10.2%+7.2% 202188183
Operating profit +7.7%+11.3% 81.873.576.0
OPM % -94 bps+149 bps 40.6%39.1%41.5%
Other income +38.6%-11.3% 6.27.04.5
Net profit? +2.7%+12.2% 43.338.642.1
PAT margin % -155 bps+95 bps 21.5%20.5%23.0%
EPS (₹) +2.9%+12.0% 4.213.764.09

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹58.0 Cr: core business ₹51.7 Cr, other income ₹6.2 Cr.

Core profit YoY: -1.8% · reported profit +2.7%

Cash & debt

FY25 cash from operations ₹224 Cr: 156% of FY25 net profit of ₹144 Cr.

Borrowings ₹320 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹227₹202 -11.1% below
Net profit₹52.2₹43.3 -17.1% below
📊 Investor presentation (06 Aug) Detailed financials →

CIE Automotive India Limited

CIEINDIA · Castings & Forgings · Q2 FY26 · Consolidated
M Cap
₹14,444 Cr
P/E
16.0
PEG
0.13
  • Profit +20% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +11.1%+0.1% 2,3722,3692,135
Operating profit +7.6%+5.6% 356337331
OPM % -49 bps+78 bps 15.0%14.2%15.5%
Other income -21.7%-7.3% 20.522.126.1
Net profit? +9.6%+5.1% 214204195
PAT margin % -13 bps+43 bps 9.0%8.6%9.1%
EPS (₹) +9.7%+5.2% 5.645.365.14

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹284 Cr: core business ₹263 Cr, other income ₹20.5 Cr.

Core profit YoY: +12.5% · reported profit +9.6%

Cash & debt

Borrowings ₹570 Cr at Dec 2024.

Against its own trend ?

TrendActualGap
Sales₹2,005₹2,372 +18.3% above
Net profit₹179₹214 +19.6% above
📊 Investor presentation (22 Jul) Detailed financials →

Niva Bupa Health Insurance Company Limited

NIVABUPA · NBFC & Finance Companies · Q2 FY26 · Standalone
M Cap
₹14,416 Cr
P/E
40.1
PEG
0.32
  • Into loss: a profit a year ago
  • Profit -238% below its own trend
  • Operating margin expanded 163 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +19.2%+14.8% 1,5741,3711,321
Operating profit loss narrowedloss narrowed -53.0-93.0-66.0
OPM % +163 bps+342 bps -3.4%-6.8%-5.0%
Other income -77.2%+800.0% 18.02.079.0
Net profit to lossloss narrowed -35.0-91.013.0
PAT margin % -321 bps+441 bps -2.2%-6.6%1.0%
EPS (₹) —loss narrowed -0.19-0.50—

Quality of profit

Pre-tax profit −₹35.0 Cr: core business −₹53.0 Cr, other income ₹18.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹1,654 Cr: 777% of FY25 net profit of ₹213 Cr.

Borrowings ₹250 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,649₹1,574 -4.5% in line
Net profit₹25.4−₹35.0 -237.6% below
📊 Investor presentation (30 Jul) Detailed financials →

LLOYDS ENGINEERING WORKS LIMITED

LLOYDSENGG · Engineering & Capital Goods · Q2 FY26 · Standalone
M Cap
₹14,400 Cr
P/E
64.9
PEG
—
  • Profit +14% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +15.1%+39.8% 244174212
Operating profit +18.8%+58.3% 38.024.032.0
OPM % +48 bps+182 bps 15.6%13.8%15.1%
Other income +33.3%-11.1% 8.09.06.0
Net profit +18.5%+88.5% 33.217.628.0
PAT margin % +40 bps+351 bps 13.6%10.1%13.2%
EPS (₹) +47.4%+133.3% 0.280.120.19

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹38.0 Cr: core business ₹31.0 Cr, other income ₹8.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +10.7% · reported profit +18.5%

Cash & debt

FY25 cash from operations ₹165 Cr: 166% of FY25 net profit of ₹99.7 Cr.

Borrowings ₹45.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹258₹244 -5.5% below
Net profit₹29.2₹33.2 +13.6% above
Detailed financials →

Natco Pharma Limited

NATCOPHARM · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹14,393 Cr
P/E
13.3
PEG
0.51
  • Profit -23% below its own trend
  • Operating margin contracted 1616 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -0.6%+2.6% 1,3631,3291,371
Operating profit -28.0%+1.4% 579571804
OPM % -1616 bps-48 bps 42.5%43.0%58.6%
Other income +56.2%+61.3% 10062.064.0
Net profit? -24.2%+7.9% 501464661
PAT margin % -1147 bps+183 bps 36.7%34.9%48.2%
EPS (₹) -23.5%+7.8% 28.9426.8437.81

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹586 Cr: core business ₹514 Cr, other income ₹100 Cr, exceptional & other items −₹28.0 Cr.

Core profit YoY: -31.8% · reported profit -24.2%

Cash & debt

FY25 cash from operations ₹1,697 Cr: 92% of FY25 net profit of ₹1,850 Cr.

Borrowings ₹279 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,452₹1,363 -6.1% below
Net profit₹646₹501 -22.5% below
📊 Investor presentation (19 Aug) Detailed financials →

LT Foods Limited

LTFOODS · Packaged Foods & Food Processing · Q2 FY26 · Consolidated
M Cap
₹14,385 Cr
P/E
22.5
PEG
1.40
  • Core business grew faster than reported profit (core profit +35%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +31.2%+12.2% 2,7662,4642,108
Operating profit +35.1%+16.6% 309265229
OPM % +33 bps+42 bps 11.2%10.8%10.9%
Other income -80.7%-81.8% 6.737.135.0
Net profit? +8.5%-2.8% 164168151
PAT margin % -124 bps-91 bps 5.9%6.8%7.2%
EPS (₹) +10.5%-2.7% 4.724.854.27

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹228 Cr: core business ₹222 Cr, other income ₹6.7 Cr.

Core profit YoY: +35.1% · reported profit +8.5%

Cash & debt

FY25 cash from operations ₹462 Cr: 75% of FY25 net profit of ₹613 Cr.

Borrowings ₹1,261 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,367₹2,766 +16.9% above
Net profit₹154₹164 +6.7% in line
📊 Investor presentation (31 Jul) Detailed financials →

Marksans Pharma Limited

MARKSANS · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹14,377 Cr
P/E
27.6
PEG
1.72
  • Profit -13% below its own trend
  • Operating margin contracted 114 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +12.2%+16.1% 720620642
Operating profit +6.1%+44.0% 144100136
OPM % -114 bps+387 bps 20.0%16.1%21.1%
Other income +98.9%+266.7% 22.06.011.1
Net profit? +1.3%+70.7% 99.058.097.8
PAT margin % -148 bps+440 bps 13.8%9.4%15.2%
EPS (₹) +1.9%+68.2% 2.171.292.13

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹133 Cr: core business ₹111 Cr, other income ₹22.0 Cr.

Core profit YoY: -2.2% · reported profit +1.3%

Cash & debt

FY25 cash from operations ₹207 Cr: 54% of FY25 net profit of ₹383 Cr.

Borrowings ₹322 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹761₹720 -5.4% below
Net profit₹114₹99.0 -13.4% below
📊 Investor presentation (12 Aug) Detailed financials →

Concord Biotech Limited

CONCORDBIO · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹14,329 Cr
P/E
52.5
PEG
13.13
  • Profit -39% below its own trend
  • Operating margin contracted 825 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -20.4%+21.1% 247204310
Operating profit -35.3%+44.1% 88.561.4137
OPM % -825 bps+572 bps 35.8%30.1%44.1%
Other income +33.2%-2.4% 13.413.710.0
Net profit? -34.1%+43.1% 63.144.195.7
PAT margin % -534 bps+393 bps 25.5%21.6%30.9%
EPS (₹) -34.1%+43.2% 6.034.219.15

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹85.7 Cr: core business ₹70.0 Cr, other income ₹13.4 Cr, exceptional & other items ₹2.3 Cr.

Core profit YoY: -43.2% · reported profit -34.1%

Cash & debt

FY25 cash from operations ₹245 Cr: 66% of FY25 net profit of ₹372 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹341₹247 -27.5% below
Net profit₹103₹63.1 -39.0% below
📊 Investor presentation (30 May) Detailed financials →

CCL Products (India) Limited

CCL · Tea & Coffee · Q2 FY26 · Consolidated
M Cap
₹14,277 Cr
P/E
33.0
PEG
3.00
  • Profit +23% above its own trend
  • Operating margin contracted 107 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +52.7%+6.7% 1,1271,056738
Operating profit +43.9%+24.0% 197159137
OPM % -107 bps+244 bps 17.5%15.1%18.6%
Other income +48.4%-25.8% 1.52.01.0
Net profit? +36.3%+40.1% 10172.074.0
PAT margin % -108 bps+213 bps 9.0%6.8%10.0%
EPS (₹) +36.6%+39.4% 7.575.435.54

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹127 Cr: core business ₹126 Cr, other income ₹1.5 Cr.

Core profit YoY: +46.1% · reported profit +36.3%

Cash & debt

FY25 cash from operations ₹290 Cr: 93% of FY25 net profit of ₹310 Cr.

Borrowings ₹1,815 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹872₹1,127 +29.2% above
Net profit₹82.2₹101 +22.8% above
Detailed financials →

Atlanta Electricals Limited

ATLANTAELE · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹14,241 Cr
P/E
63.8
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +0.0% 315315
Operating profit -0.5% 48.849.0
OPM % -8 bps 15.5%15.6%
Other income +20.6% 2.42.0
Net profit? +0.5% 31.131.0
PAT margin % +4 bps 9.9%9.8%
EPS (₹) +300.0% 17.404.35

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹42.0 Cr: core business ₹39.6 Cr, other income ₹2.4 Cr.

📊 Investor presentation (19 Jan) Detailed financials →

Action Construction Equipment Limited

ACE · Engineering & Capital Goods · Q2 FY26 · Consolidated
M Cap
₹14,199 Cr
P/E
32.5
PEG
0.86
  • Profit -23% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -1.6%+14.1% 744652757
Operating profit +0.4%+17.4% 10992.8109
OPM % +30 bps+41 bps 14.6%14.2%14.3%
Other income -14.3%-42.7% 29.351.134.2
Net profit? -5.0%-7.8% 90.197.794.8
PAT margin % -43 bps-288 bps 12.1%15.0%12.5%
EPS (₹) -5.0%-7.8% 7.578.217.97

Quality of profit

Core 76%Other income & one-offs 24%

Pre-tax profit ₹124 Cr: core business ₹94.4 Cr, other income ₹29.3 Cr.

Core profit YoY: +2.0% · reported profit -5.0%

Cash & debt

FY25 cash from operations ₹412 Cr: 101% of FY25 net profit of ₹409 Cr.

Borrowings ₹16.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹860₹744 -13.5% below
Net profit₹117₹90.1 -23.2% below
Detailed financials →

Gallantt Ispat Limited

GALLANTT · Iron & Steel · Q2 FY26 · Consolidated
M Cap
₹14,189 Cr
P/E
29.2
PEG
0.57
  • Profit +38% above its own trend
  • Operating margin expanded 268 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.5%-10.2% 1,0131,128943
Operating profit +35.2%-46.6% 13224797.6
OPM % +268 bps-887 bps 13.0%21.9%10.4%
Other income +527.2%+85.7% 13.07.02.1
Net profit? +82.0%-48.9% 89.017448.9
PAT margin % +360 bps-664 bps 8.8%15.4%5.2%
EPS (₹) +81.8%-48.8% 3.697.202.03

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹103 Cr: core business ₹90.0 Cr, other income ₹13.0 Cr.

Core profit YoY: +42.8% · reported profit +82.0%

Cash & debt

FY25 cash from operations ₹579 Cr: 144% of FY25 net profit of ₹401 Cr.

Borrowings ₹378 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹926₹1,013 +9.4% above
Net profit₹64.6₹89.0 +37.7% above
📊 Investor presentation (29 Jul) Detailed financials →

Maharashtra Scooters Limited

MAHSCOOTER · NBFC & Finance Companies · Q2 FY26 · Standalone
M Cap
₹14,127 Cr
P/E
39.4
PEG
2.32
  • Profit -12% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +65.9%+825.9% 27129.3163
Operating profit (pre-provision) +67.9%+857.4% 27028.2161
Provisions —— 0.0—0.0
Net profit +76.7%+655.3% 26735.4151
EPS (₹) +76.6%+656.3% 233.7030.90132.30

Where profit came from

Pre-provision profit ₹270 Cr (+67.9% YoY); provisions ₹0.0 Cr.

Net profit +76.7% YoY.

Against its own trend ?

TrendActualGap
Total income₹181₹271 +49.4% above
Net profit₹302₹267 -11.7% below
Detailed financials →

BHARAT COKING COAL LTD

BHARATCOAL · Mining & Minerals · Q2 FY26 · Standalone
M Cap
₹14,122 Cr
P/E
—
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales -30.9% 2,5723,720
Operating profit to loss -384191
OPM % -2006 bps -14.9%5.1%
Other income +158.2% 470182
Net profit to loss -53.0177
PAT margin % -682 bps -2.1%4.8%
EPS (₹) to loss -0.110.38

Quality of profit

Pre-tax profit −₹48.0 Cr: core business −₹519 Cr, other income ₹470 Cr, exceptional & other items ₹1.0 Cr.

Detailed financials →

Arvind Limited

ARVIND · Textiles · Q2 FY26 · Consolidated
M Cap
₹13,999 Cr
P/E
32.7
PEG
5.46
  • Profit +43% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.3%+18.2% 2,3712,0062,188
Operating profit +11.8%+39.3% 247177221
OPM % +32 bps+158 bps 10.4%8.8%10.1%
Other income +25.0%+61.5% 15.09.312.0
Net profit? +69.8%+95.6% 10754.763.0
PAT margin % +163 bps+179 bps 4.5%2.7%2.9%
EPS (₹) +72.8%+94.1% 3.942.032.28

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹149 Cr: core business ₹134 Cr, other income ₹15.0 Cr.

Core profit YoY: +9.6% · reported profit +69.8%

Cash & debt

FY25 cash from operations ₹763 Cr: 207% of FY25 net profit of ₹368 Cr.

Borrowings ₹1,562 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,409₹2,371 -1.6% in line
Net profit₹74.7₹107 +43.3% above
📊 Investor presentation (12 Aug) Detailed financials →

KPIT Technologies Limited

KPITTECH · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹13,986 Cr
P/E
24.1
PEG
1.15
  • Profit -37% below its own trend
  • Operating margin contracted 142 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.0%+3.2% 1,5881,5391,471
Operating profit +0.3%-0.6% 298300297
OPM % -142 bps-72 bps 18.8%19.5%20.2%
Other income -53.8%+50.4% 24.016.052.0
Net profit? -17.2%-1.7% 169172204
PAT margin % -323 bps-53 bps 10.6%11.2%13.9%
EPS (₹) -17.0%-2.4% 6.176.327.43

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹231 Cr: core business ₹207 Cr, other income ₹24.0 Cr.

Core profit YoY: -10.4% · reported profit -17.2%

Cash & debt

FY25 cash from operations ₹1,390 Cr: 166% of FY25 net profit of ₹840 Cr.

Borrowings ₹345 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,718₹1,588 -7.6% below
Net profit₹269₹169 -37.2% below
📊 Investor presentation (29 Jul) Detailed financials →

Indegene Limited

INDGN · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹13,984 Cr
P/E
34.9
PEG
2.18
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +17.1%+5.7% 804761687
Operating profit +11.5%-9.5% 141155126
OPM % -88 bps-293 bps 17.5%20.4%18.4%
Other income -7.9%-10.9% 19.722.121.4
Net profit? +11.3%-12.3% 10211691.7
PAT margin % -66 bps-260 bps 12.7%15.3%13.4%
EPS (₹) +10.9%-12.3% 4.264.863.84

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹133 Cr: core business ₹113 Cr, other income ₹19.7 Cr.

Core profit YoY: +10.4% · reported profit +11.3%

Cash & debt

FY25 cash from operations ₹442 Cr: 108% of FY25 net profit of ₹407 Cr.

Borrowings ₹102 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹757₹804 +6.3% above
Net profit₹113₹102 -9.7% in line
📊 Investor presentation (30 Jul) Detailed financials →

JSW Dulux Limited

JSWDULUX · Paints · Q2 FY26 · Standalone
M Cap
₹13,964 Cr
P/E
7.1
PEG
—
  • 95% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales -16.1% 835995
Operating profit -17.2% 111134
OPM % -17 bps 13.3%13.5%
Other income — 1,8829.0
Net profit — 1,68391.0
EPS (₹) — 369.5019.98

Quality of profit

Core 5%Other income & one-offs 95%

Pre-tax profit ₹1,972 Cr: core business ₹91.0 Cr, other income ₹1,882 Cr, exceptional & other items −₹1.0 Cr.

📊 Investor presentation (13 May) Detailed financials →

The India Cements Limited

INDIACEM · Cement · Q2 FY26 · Consolidated
M Cap
₹13,917 Cr
P/E
149.7
PEG
4.83
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 2304 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹-6.0 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.3%+9.0% 1,1171,0251,032
Operating profit from loss-2.5% 81.183.2-163
OPM % +2304 bps-85 bps 7.3%8.1%-15.8%
Other income -81.8%+218.3% 29.09.1159
Net profit? from lossfrom loss 8.8-133-339
PAT margin % +3366 bps+1376 bps 0.8%-13.0%-32.9%
EPS (₹) from lossfrom loss 0.28-4.21-11.55

Quality of profit

Pre-tax profit ₹4.4 Cr: core business −₹18.6 Cr, other income ₹29.0 Cr, exceptional & other items −₹6.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹256 Cr.

Borrowings ₹1,165 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹909₹1,117 +22.9% above
📊 Investor presentation (18 Jul) Detailed financials →

Tamilnad Mercantile Bank Limited

TMB · Private Sector Banks · Q2 FY26 · Standalone
M Cap
₹13,845 Cr
P/E
9.6
PEG
1.06
  • Gross NPA down 36 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +3.6%+0.2% 1,6211,6171,564
Net interest income +0.2%+3.1% 597579596
Other income -8.4%-10.0% 208231227
Net profit +5.0%+4.3% 318305303
EPS (₹) +4.7%+4.2% 20.0519.2519.15
Gross NPA % -36 bps-21 bps 1.0%1.2%1.4%
Net NPA % -20 bps-7 bps 0.3%0.3%0.5%

Against its own trend ?

TrendActualGap
NII₹621₹597 -3.9% in line
Net profit₹329₹318 -3.2% in line
📊 Investor presentation (27 Jul) Detailed financials →

PC Jeweller Limited

PCJEWELLER · Gems & Jewellery · Q2 FY26 · Consolidated
M Cap
₹13,829 Cr
P/E
17.9
PEG
0.23
  • Operating margin expanded 456 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +71%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +63.4%+13.8% 825725505
Operating profit +107.3%+39.7% 17812785.8
OPM % +456 bps+399 bps 21.5%17.6%17.0%
Other income +59.9%-16.0% 69.783.043.6
Net profit? +17.1%+29.4% 210162179
PAT margin % -1003 bps+305 bps 25.4%22.3%35.4%
EPS (₹) —+20.0% 0.300.253.84

No EPS growth against Sep 2024: ₹10 to ₹1 split in Dec 2024.

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹206 Cr: core business ₹136 Cr, other income ₹69.7 Cr.

Core profit YoY: +70.8% · reported profit +17.1%

Cash & debt

FY25 cash from operations −₹633 Cr: -110% of FY25 net profit of ₹578 Cr.

Borrowings ₹2,151 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,010₹825 -18.3% below
Detailed financials →

International Gemmological Institute (India) Limited

IGIL · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹13,725 Cr
P/E
22.5
PEG
0.75
  • Profit -19% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +21.5%+0.9% 304301250
Operating profit +19.8%+1.2% 176174147
OPM % -80 bps+19 bps 58.0%57.8%58.8%
Other income +38.6%-10.9% 12.514.09.0
Net profit? +18.0%+2.2% 130127110
PAT margin % -127 bps+54 bps 42.7%42.2%44.0%
EPS (₹) +8.7%+2.4% 3.002.932.76

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹175 Cr: core business ₹163 Cr, other income ₹12.5 Cr.

Core profit YoY: +17.3% · reported profit +18.0%

Cash & debt

Borrowings ₹145 Cr at Dec 2024.

Against its own trend ?

TrendActualGap
Sales₹274₹304 +10.8% above
Net profit₹161₹130 -19.3% below
📊 Investor presentation (03 Aug) Detailed financials →

Crompton Greaves Consumer Electricals Limited

CROMPTON · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹13,619 Cr
P/E
—
PEG
—
  • Profit -54% below its own trend
  • Operating margin contracted 246 bps YoY
  • Exceptional items of ₹-20.4 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.0%-4.1% 1,9161,9981,896
Operating profit -22.1%-17.4% 158192203
OPM % -246 bps-133 bps 8.3%9.6%10.7%
Other income -23.6%-43.5% 13.423.717.5
Net profit? -41.1%-39.1% 75.4124128
PAT margin % -282 bps-226 bps 3.9%6.2%6.8%
EPS (₹) -42.8%-41.6% 1.111.901.94

Quality of profit

Pre-tax profit ₹102 Cr: core business ₹109 Cr, other income ₹13.4 Cr, exceptional & other items −₹20.4 Cr.

Core profit YoY: -28.7% · reported profit -41.1%

Cash & debt

FY25 cash from operations ₹737 Cr: 131% of FY25 net profit of ₹564 Cr.

Borrowings ₹479 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,987₹1,916 -3.6% in line
Net profit₹164₹75.4 -53.9% below
📊 Investor presentation (31 Aug) Detailed financials →

Kirloskar Brothers Limited

KIRLOSBROS · Pumps, Compressors & Engines · Q2 FY26 · Consolidated
M Cap
₹13,607 Cr
P/E
36.1
PEG
1.81
  • Profit -40% below its own trend
  • Operating margin contracted 321 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -0.8%+5.0% 1,0289791,036
Operating profit -24.0%-3.6% 108112142
OPM % -321 bps-93 bps 10.5%11.4%13.7%
Other income +25.9%+12.5% 18.016.014.3
Net profit? -25.5%+5.9% 72.068.096.7
PAT margin % -233 bps+6 bps 7.0%6.9%9.3%
EPS (₹) -60.8%-20.2% 4.735.9312.06

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹96.0 Cr: core business ₹78.0 Cr, other income ₹18.0 Cr.

Core profit YoY: -31.9% · reported profit -25.5%

Cash & debt

FY25 cash from operations ₹386 Cr: 92% of FY25 net profit of ₹418 Cr.

Borrowings ₹182 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,130₹1,028 -9.0% below
Net profit₹120₹72.0 -39.8% below
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