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, 20:15 IST 5073 declared
The next results season has started: 43 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 18 of 170

Rainbow Childrens Medicare Limited

RAINBOW · Hospitals & Healthcare Services · Q2 FY26 · Consolidated
M Cap
₹12,342 Cr
P/E
42.6
PEG
4.26
  • Profit -19% below its own trend
  • Operating margin contracted 176 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +6.5%+26.0% 445353417
Operating profit +1.2%+43.7% 149104147
OPM % -176 bps+411 bps 33.5%29.4%35.2%
Other income -27.3%-59.1% 8.220.011.3
Net profit? -4.3%+40.6% 75.653.879.0
PAT margin % -192 bps+176 bps 17.0%15.2%18.9%
EPS (₹) -4.6%+40.6% 7.415.277.77

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹102 Cr: core business ₹94.2 Cr, other income ₹8.2 Cr.

Core profit YoY: +0.1% · reported profit -4.3%

Cash & debt

FY25 cash from operations ₹396 Cr: 162% of FY25 net profit of ₹244 Cr.

Borrowings ₹764 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹474₹445 -6.1% below
Net profit₹93.2₹75.6 -18.8% below
📊 Investor presentation (30 Jul) Detailed financials →

VA Tech Wabag Limited

WABAG · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹12,316 Cr
P/E
33.3
PEG
0.36
  • Operating margin contracted 266 bps YoY
  • 39% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -7%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +19.2%+13.7% 834734700
Operating profit -4.6%-6.6% 89.395.693.6
OPM % -266 bps-232 bps 10.7%13.0%13.4%
Other income +201.4%+268.1% 41.611.313.8
Net profit? +20.6%+28.9% 84.865.870.3
PAT margin % +12 bps+120 bps 10.2%9.0%10.0%
EPS (₹) +20.1%+28.8% 13.6310.5811.35

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹111 Cr: core business ₹68.0 Cr, other income ₹41.6 Cr, exceptional & other items ₹1.2 Cr.

Core profit YoY: -7.2% · reported profit +20.6%

Cash & debt

FY25 cash from operations ₹355 Cr: 120% of FY25 net profit of ₹295 Cr.

Borrowings ₹362 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹813₹834 +2.6% in line
Net profit₹83.3₹84.8 +1.8% in line
📊 Investor presentation (12 Aug) Detailed financials →

Vedant Fashions Limited

MANYAVAR · Textiles · Q2 FY26 · Standalone
M Cap
₹12,307 Cr
P/E
—
PEG
—
  • Profit -21% below its own trend
  • Operating margin contracted 329 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -1.7%-6.4% 263281268
Operating profit -8.8%-8.3% 111121122
OPM % -329 bps-86 bps 42.2%43.1%45.5%
Other income +6.3%-23.1% 20.026.018.8
Net profit -15.7%-20.0% 56.070.066.4
PAT margin % -353 bps-362 bps 21.3%24.9%24.8%
EPS (₹) -15.4%-20.1% 2.312.892.73

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹74.0 Cr: core business ₹54.0 Cr, other income ₹20.0 Cr.

Core profit YoY: -23.7% · reported profit -15.7%

Cash & debt

FY25 cash from operations ₹389 Cr: 100% of FY25 net profit of ₹387 Cr.

Borrowings ₹483 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹301₹263 -12.7% below
Net profit₹70.7₹56.0 -20.8% below
📊 Investor presentation (25 Jul) Detailed financials →

PCBL Chemical Limited

PCBL · Chemicals · Q2 FY26 · Consolidated
M Cap
₹12,284 Cr
P/E
41.3
PEG
—
  • Profit -46% below its own trend
  • Operating margin contracted 564 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -3.8%-30.1% 1,4782,1141,536
Operating profit -34.3%-43.7% 180319273
OPM % -564 bps-294 bps 12.1%15.1%17.8%
Other income +171.3%+7.2% 6.46.02.4
Net profit? -53.8%-36.6% 59.694.0129
PAT margin % -437 bps-41 bps 4.0%4.4%8.4%
EPS (₹) -53.8%-36.5% 1.582.493.42

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹79.8 Cr: core business ₹73.4 Cr, other income ₹6.4 Cr.

Core profit YoY: -55.6% · reported profit -53.8%

Cash & debt

FY25 cash from operations ₹760 Cr: 173% of FY25 net profit of ₹438 Cr.

Borrowings ₹5,571 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,763₹1,478 -16.1% below
Net profit₹110₹59.6 -45.9% below
📊 Investor presentation (29 Jul) Detailed financials →

Cyient Limited

CYIENT · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹12,235 Cr
P/E
29.5
PEG
—
  • Profit -22% below its own trend
  • Operating margin contracted 376 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹20.7 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -3.7%+4.0% 1,7811,7121,849
Operating profit -26.3%-5.2% 219231297
OPM % -376 bps-119 bps 12.3%13.5%16.0%
Other income -2.2%-28.3% 50.069.751.1
Net profit? -23.4%-9.2% 143157187
PAT margin % -207 bps-117 bps 8.0%9.2%10.1%
EPS (₹) -29.1%-17.2% 11.5513.9516.28

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹197 Cr: core business ₹131 Cr, other income ₹50.0 Cr, exceptional & other items ₹15.9 Cr.

Core profit YoY: -35.7% · reported profit -23.4%

Cash & debt

FY25 cash from operations ₹790 Cr: 122% of FY25 net profit of ₹649 Cr.

Borrowings ₹513 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,910₹1,781 -6.7% below
Net profit₹183₹143 -21.9% below
📊 Investor presentation (25 Aug) Detailed financials →

Amagi Media Labs Limited

AMAGI · IT Enabled Services (BPO/KPO) · Q2 FY26 · Consolidated
M Cap
₹12,232 Cr
P/E
120.0
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +13.6% 375330
Operating profit loss widened -3.0-1.0
OPM % -50 bps -0.8%-0.3%
Other income +7.1% 15.014.0
Net profit? -25.0% 3.04.0
PAT margin % -41 bps 0.8%1.2%
EPS (₹) -36.5% 0.731.15

Quality of profit

Pre-tax profit ₹5.0 Cr: core business −₹10.0 Cr, other income ₹15.0 Cr.

📊 Investor presentation (13 Aug) Detailed financials →

Godrej Agrovet Limited

GODREJAGRO · Packaged Foods & Food Processing · Q2 FY26 · Consolidated
M Cap
₹12,194 Cr
P/E
28.8
PEG
1.11
  • Profit -18% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +4.8%-1.8% 2,5672,6142,449
Operating profit -4.6%-21.0% 213270223
OPM % -82 bps-202 bps 8.3%10.3%9.1%
Other income -26.9%-25.6% 18.024.224.6
Net profit? -12.3%-43.6% 84.014995.8
PAT margin % -64 bps-242 bps 3.3%5.7%3.9%
EPS (₹) -17.6%-42.4% 4.818.355.84

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹135 Cr: core business ₹116 Cr, other income ₹18.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -7.4% · reported profit -12.3%

Cash & debt

FY25 cash from operations ₹969 Cr: 240% of FY25 net profit of ₹403 Cr.

Borrowings ₹1,396 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,503₹2,567 +2.6% in line
Net profit₹103₹84.0 -18.1% below
📊 Investor presentation (05 Aug) Detailed financials →

Inox Wind Limited

INOXWIND · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹12,087 Cr
P/E
28.9
PEG
0.76
  • Profit -28% below its own trend
  • Operating margin contracted 227 bps YoY
  • 25% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 32% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +52.7%+35.5% 1,119826733
Operating profit +37.3%+23.9% 228184166
OPM % -227 bps-190 bps 20.4%22.3%22.6%
Other income +290.9%+19.4% 43.036.011.0
Net profit? +44.0%+24.7% 12197.084.0
PAT margin % -65 bps-93 bps 10.8%11.7%11.5%
EPS (₹) +178.9%-13.1% 0.530.610.19

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹169 Cr: core business ₹126 Cr, other income ₹43.0 Cr.

Core profit YoY: +63.6% · reported profit +44.0%

Cash & debt

FY25 cash from operations ₹138 Cr: 32% of FY25 net profit of ₹426 Cr.

Borrowings ₹1,500 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,388₹1,119 -19.4% below
Net profit₹168₹121 -28.0% below
📊 Investor presentation (07 Aug) Detailed financials →

ASK Automotive Limited

ASKAUTOLTD · Auto Components · Q2 FY26 · Consolidated
M Cap
₹11,899 Cr
P/E
37.6
PEG
1.10
  • Operating margin expanded 102 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.2%+18.3% 1,054891974
Operating profit +17.4%+14.3% 137120117
OPM % +102 bps-45 bps 13.0%13.5%12.0%
Other income +136.6%+21.2% 4.84.02.0
Net profit? +18.6%+20.9% 79.866.067.3
PAT margin % +66 bps+17 bps 7.6%7.4%6.9%
EPS (₹) +18.8%+20.9% 4.053.353.41

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹104 Cr: core business ₹96.9 Cr, other income ₹4.8 Cr, exceptional & other items ₹1.9 Cr.

Core profit YoY: +12.1% · reported profit +18.6%

Cash & debt

FY25 cash from operations ₹360 Cr: 145% of FY25 net profit of ₹248 Cr.

Borrowings ₹412 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,126₹1,054 -6.4% below
Net profit₹88.1₹79.8 -9.4% in line
📊 Investor presentation (04 Aug) Detailed financials →

Pearl Global Industries Limited

PGIL · Textiles · Q2 FY26 · Consolidated
M Cap
₹11,894 Cr
P/E
39.2
PEG
1.51
  • Operating margin expanded 117 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +9.2%+6.9% 1,3131,2281,202
Operating profit +25.1%+7.7% 12111296.7
OPM % +117 bps+6 bps 9.2%9.2%8.0%
Other income -36.0%-27.9% 8.111.312.7
Net profit? +29.4%+9.8% 72.065.655.6
PAT margin % +85 bps+14 bps 5.5%5.3%4.6%
EPS (₹) +23.6%+8.1% 15.9514.7612.90

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹79.4 Cr: core business ₹71.2 Cr, other income ₹8.1 Cr.

Core profit YoY: +31.7% · reported profit +29.4%

Cash & debt

FY25 cash from operations ₹176 Cr: 76% of FY25 net profit of ₹231 Cr.

Borrowings ₹773 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,594₹1,313 -17.6% below
Net profit₹76.6₹72.0 -6.0% in line
📊 Investor presentation (24 Sep) Detailed financials →

Bikaji Foods International Limited

BIKAJI · Packaged Foods & Food Processing · Q2 FY26 · Consolidated
M Cap
₹11,856 Cr
P/E
46.5
PEG
1.94
  • Profit +40% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +15.1%+27.2% 830653721
Operating profit +20.1%+33.2% 12896.3107
OPM % +64 bps+69 bps 15.4%14.8%14.8%
Other income +55.0%+23.1% 12.310.07.9
Net profit? +13.3%+32.7% 77.758.568.6
PAT margin % -16 bps+39 bps 9.4%9.0%9.5%
EPS (₹) +15.2%+33.1% 3.182.392.76

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹107 Cr: core business ₹99.4 Cr, other income ₹12.3 Cr, exceptional & other items −₹4.4 Cr.

Core profit YoY: +16.7% · reported profit +13.3%

Cash & debt

FY25 cash from operations ₹193 Cr: 99% of FY25 net profit of ₹194 Cr.

Borrowings ₹231 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹824₹830 +0.7% in line
Net profit₹55.3₹77.7 +40.4% above
📊 Investor presentation (05 Aug) Detailed financials →

Aditya Birla Real Estate Limited

ABREL · Paper · Q2 FY26 · Consolidated
M Cap
₹11,791 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Operating margin contracted 7944 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -91.3%-32.8% 97.81461,128
Operating profit to lossloss widened -70.1-39.988.0
OPM % -7944 bps-4421 bps -71.6%-27.4%7.8%
Other income +46.3%+29.9% 15.411.810.5
Net profit? to lossloss narrowed -17.8-47.32.8
PAT margin % -1846 bps+1428 bps -18.2%-32.5%0.3%
EPS (₹) to lossloss narrowed -1.43-4.130.23

Quality of profit

Pre-tax profit −₹91.8 Cr: core business −₹104 Cr, other income ₹15.4 Cr, exceptional & other items −₹3.7 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹1,293 Cr.

Borrowings ₹4,997 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹564₹97.8 -82.6% below
📊 Investor presentation (13 Aug) Detailed financials →

Vinati Organics Limited

VINATIORGA · Chemicals · Q2 FY26 · Consolidated
M Cap
₹11,780 Cr
P/E
26.3
PEG
13.13
  • Profit -10% below its own trend
  • Operating margin expanded 624 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -0.6%+1.5% 550542553
Operating profit +25.1%+4.8% 167160134
OPM % +624 bps+95 bps 30.4%29.5%24.2%
Other income -27.9%+116.6% 16.07.422.2
Net profit? +10.1%+10.3% 115104104
PAT margin % +202 bps+165 bps 20.9%19.2%18.9%
EPS (₹) +10.1%+10.2% 11.0810.0510.06

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹157 Cr: core business ₹141 Cr, other income ₹16.0 Cr.

Core profit YoY: +26.9% · reported profit +10.1%

Cash & debt

FY25 cash from operations ₹458 Cr: 113% of FY25 net profit of ₹405 Cr.

Borrowings ₹63.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹648₹550 -15.1% below
Net profit₹128₹115 -10.4% below
Detailed financials →

Akums Drugs and Pharmaceuticals Limited

AKUMS · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹11,778 Cr
P/E
40.2
PEG
1.39
  • Profit -40% below its own trend
  • Operating margin contracted 243 bps YoY
  • 49% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -1.5%-0.6% 1,0181,0241,033
Operating profit -21.9%-26.7% 94.5129121
OPM % -243 bps-331 bps 9.3%12.6%11.7%
Other income +90.4%+21.1% 32.426.717.0
Net profit? -36.3%-34.0% 42.764.767.0
PAT margin % -229 bps-212 bps 4.2%6.3%6.5%
EPS (₹) -35.7%-35.9% 2.664.154.14

Quality of profit

Core 51%Other income & one-offs 49%

Pre-tax profit ₹65.7 Cr: core business ₹33.3 Cr, other income ₹32.4 Cr.

Core profit YoY: -55.0% · reported profit -36.3%

Cash & debt

FY25 cash from operations ₹465 Cr: 135% of FY25 net profit of ₹344 Cr.

Borrowings ₹88.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,001₹1,018 +1.7% in line
Net profit₹70.8₹42.7 -39.7% below
📊 Investor presentation (14 May) Detailed financials →

BlueStone Jewellery and Lifestyle Limited

BLUESTONE · Gems & Jewellery · Q2 FY26 · Consolidated
M Cap
₹11,772 Cr
P/E
218.4
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +4.3% 514493
Operating profit -25.3% 41.755.8
OPM % -321 bps 8.1%11.3%
Other income -8.3% 10.111.0
Net profit? loss widened -52.1-34.7
PAT margin % -309 bps -10.1%-7.1%
EPS (₹) loss narrowed -3.73-9.86

Quality of profit

Pre-tax profit −₹52.1 Cr: core business −₹62.2 Cr, other income ₹10.1 Cr.

📊 Investor presentation (20 Jul) Detailed financials →

NMDC Steel Limited

NSLNISP · Iron & Steel · Q2 FY26 · Standalone
M Cap
₹11,743 Cr
P/E
140.6
PEG
—
  • Operating margin expanded 3505 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +122.7%+0.7% 3,3903,3651,522
Operating profit from loss-49.3% 207408-441
OPM % +3505 bps-602 bps 6.1%12.1%-28.9%
Other income +60.2%+5.0% 21.020.013.1
Net profit loss narrowedto loss -11526.0-595
PAT margin % +3572 bps-416 bps -3.4%0.8%-39.1%
EPS (₹) loss narrowedto loss -0.390.09-2.03

Quality of profit

Pre-tax profit −₹183 Cr: core business −₹204 Cr, other income ₹21.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹1,966 Cr.

Borrowings ₹5,909 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,009₹3,390 +12.7% above
Detailed financials →

Quality Power Electrical Equipments Limited

QPOWER · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹11,708 Cr
P/E
60.0
PEG
—
  • 30% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +16.4% 206177
Operating profit +16.9% 36.231.0
OPM % +7 bps 17.6%17.5%
Other income -24.4% 13.117.4
Net profit? -5.1% 35.237.1
PAT margin % -388 bps 17.1%21.0%
EPS (₹) +0.6% 3.143.12

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹44.3 Cr: core business ₹31.2 Cr, other income ₹13.1 Cr.

📊 Investor presentation (10 Aug) Detailed financials →

Home First Finance Company India Limited

HOMEFIRST · Housing Finance · Q2 FY26 · Standalone
M Cap
₹11,438 Cr
P/E
19.7
PEG
0.60
  • Profit +14% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +28.1%+5.0% 479456374
Net interest income +39.1%+7.9% 274254197
Other income +100.0%+0.0% 2.02.01.0
Net profit +43.5%+10.9% 13211992.0
EPS (₹) +23.1%+10.5% 12.7311.5210.34
Gross NPA % +20 bps+10 bps 1.9%1.8%1.7%
Net NPA % +20 bps+10 bps 1.5%1.4%1.3%

Against its own trend ?

TrendActualGap
NII₹259₹274 +5.8% above
Net profit₹115₹132 +14.4% above
📊 Investor presentation (27 Jul) Detailed financials →

Sudeep Pharma Limited

SUDEEPPHRM · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹11,433 Cr
P/E
62.0
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +30.1% 163125
Operating profit +26.0% 55.544.0
OPM % -110 bps 34.1%35.2%
Other income +103.3% 10.25.0
Net profit? +50.9% 46.831.0
PAT margin % +396 bps 28.8%24.8%
EPS (₹) +32.5% 4.203.17

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹59.5 Cr: core business ₹49.4 Cr, other income ₹10.2 Cr.

📊 Investor presentation (04 Aug) Detailed financials →

Nuvoco Vistas Corporation Limited

NUVOCO · Cement · Q2 FY26 · Consolidated
M Cap
₹11,393 Cr
P/E
29.5
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 529 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.3%-14.5% 2,4582,8732,269
Operating profit +67.8%-29.2% 367519219
OPM % +529 bps-312 bps 14.9%18.1%9.6%
Other income -62.8%-73.8% 3.914.810.4
Net profit? from loss-72.6% 36.4133-85.2
PAT margin % +524 bps-315 bps 1.5%4.6%-3.8%
EPS (₹) from loss-72.7% 1.023.73-2.38

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹51.2 Cr: core business ₹47.3 Cr, other income ₹3.9 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹1,329 Cr: 6085% of FY25 net profit of ₹21.8 Cr.

Borrowings ₹4,074 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,305₹2,458 +6.6% above
Detailed financials →

Trident Limited

TRIDENT · Textiles · Q2 FY26 · Consolidated
M Cap
₹11,292 Cr
P/E
28.6
PEG
—
  • Profit -22% below its own trend
  • Operating margin contracted 122 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +4.3%+4.7% 1,7871,7071,713
Operating profit -5.3%-26.7% 214292226
OPM % -122 bps-513 bps 12.0%17.1%13.2%
Other income +54.5%-15.0% 17.020.011.0
Net profit? +9.6%-35.0% 91.014083.0
PAT margin % +25 bps-311 bps 5.1%8.2%4.8%
EPS (₹) +12.5%-33.3% 0.180.270.16

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹124 Cr: core business ₹106 Cr, other income ₹17.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +20.5% · reported profit +9.6%

Cash & debt

FY25 cash from operations ₹945 Cr: 255% of FY25 net profit of ₹370 Cr.

Borrowings ₹1,635 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,655₹1,787 +8.0% above
Net profit₹117₹91.0 -22.1% below
📊 Investor presentation (25 Jul) Detailed financials →

Sri Lotus Developers and Realty Limited

LOTUSDEV · Real Estate · Q2 FY26 · Consolidated
M Cap
₹11,276 Cr
P/E
42.9
PEG
—
  • 51% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +187.0% 17661.3
Operating profit +69.7% 50.029.5
OPM % -1963 bps 28.4%48.0%
Other income +153.8% 17.26.8
Net profit? +78.4% 46.025.8
PAT margin % -1592 bps 26.1%42.1%
EPS (₹) +59.3% 0.940.59

Quality of profit

Core 49%Other income & one-offs 51%

Pre-tax profit ₹97.6 Cr: core business ₹48.2 Cr, other income ₹17.2 Cr, exceptional & other items ₹32.2 Cr.

📊 Investor presentation (03 Aug) Detailed financials →

Aptus Value Housing Finance India Limited

APTUS · Housing Finance · Q2 FY26 · Consolidated
M Cap
₹11,186 Cr
P/E
11.4
PEG
0.49
  • Provisions up 90% YoY
  • Gross NPA up 30 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +27.1%+4.4% 554530436
Net interest income —-0.5% 308309—
Other income —+33.6% 81.060.6—
Operating profit (pre-provision) +26.8%+5.5% 312296246
Provisions +90.2%+70.8% 18.110.69.5
Net profit? +24.5%+3.3% 227219182
EPS (₹) +24.4%+3.4% 4.544.393.65
Cost-to-income % -31 bps-27 bps 19.6%19.9%19.9%
Gross NPA % +30 bps+6 bps 1.6%1.5%1.2%
Net NPA % +23 bps+5 bps 1.2%1.1%0.9%

Where profit came from

Pre-provision profit ₹312 Cr (+26.8% YoY); provisions ₹18.1 Cr (+90.2% YoY).

Net profit +24.5% YoY.

Against its own trend ?

TrendActualGap
Net profit₹227₹227 -0.1% in line
📊 Investor presentation (31 Jul) Detailed financials →

Metropolis Healthcare Limited

METROPOLIS · Hospitals & Healthcare Services · Q2 FY26 · Consolidated
M Cap
₹11,094 Cr
P/E
54.7
PEG
4.97
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +22.7%+11.2% 429386350
Operating profit +20.4%+20.6% 10889.889.9
OPM % -48 bps+197 bps 25.2%23.2%25.7%
Other income -71.5%-88.1% 0.97.53.1
Net profit? +13.3%+16.9% 52.945.246.7
PAT margin % -103 bps+60 bps 12.3%11.7%13.4%
EPS (₹) +12.0%+16.9% 10.178.709.08

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹71.0 Cr: core business ₹70.1 Cr, other income ₹0.9 Cr.

Core profit YoY: +20.4% · reported profit +13.3%

Cash & debt

FY25 cash from operations ₹263 Cr: 181% of FY25 net profit of ₹146 Cr.

Borrowings ₹204 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹393₹429 +9.3% above
Net profit₹54.9₹52.9 -3.7% in line
📊 Investor presentation (27 Aug) Detailed financials →

Techno Electric & Engineering Company Limited

TECHNOE · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹10,978 Cr
P/E
25.4
PEG
0.75
  • Profit -17% below its own trend
  • Operating margin contracted 271 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +55%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +91.2%+60.3% 843526441
Operating profit +58.6%+20.7% 11192.070.0
OPM % -271 bps-432 bps 13.2%17.5%15.9%
Other income -2.6%-47.9% 38.073.039.0
Net profit? +10.6%-23.5% 10413694.0
PAT margin % -898 bps-1352 bps 12.3%25.9%21.3%
EPS (₹) +10.4%-23.6% 8.9411.708.10

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹140 Cr: core business ₹102 Cr, other income ₹38.0 Cr.

Core profit YoY: +54.5% · reported profit +10.6%

Cash & debt

FY25 cash from operations ₹453 Cr: 107% of FY25 net profit of ₹423 Cr.

Borrowings ₹39.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹718₹843 +17.4% above
Net profit₹125₹104 -16.7% below
📊 Investor presentation (11 Feb) Detailed financials →

Gravita India Limited

GRAVITA · Mining & Minerals · Q2 FY26 · Consolidated
M Cap
₹10,936 Cr
P/E
27.9
PEG
1.21
  • Operating margin expanded 305 bps YoY
  • Core business grew faster than reported profit (core profit +93%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +11.8%-0.4% 1,0361,040927
Operating profit +61.9%+1.0% 10210163.0
OPM % +305 bps+13 bps 9.8%9.7%6.8%
Other income -35.0%-13.3% 26.030.040.0
Net profit? +33.3%+3.2% 96.093.072.0
PAT margin % +150 bps+32 bps 9.3%8.9%7.8%
EPS (₹) +24.7%+2.9% 13.0112.6410.43

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹111 Cr: core business ₹85.0 Cr, other income ₹26.0 Cr.

Core profit YoY: +93.2% · reported profit +33.3%

Cash & debt

FY25 cash from operations ₹282 Cr: 100% of FY25 net profit of ₹281 Cr.

Borrowings ₹286 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,166₹1,036 -11.1% below
Net profit₹95.6₹96.0 +0.4% in line
📊 Investor presentation (27 Jul) Detailed financials →

Zensar Technologies Limited

ZENSARTECH · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹10,861 Cr
P/E
14.0
PEG
0.39
  • Profit +16% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.6%+2.6% 1,4211,3851,308
Operating profit +9.5%+4.3% 220211201
OPM % +12 bps+25 bps 15.5%15.2%15.4%
Other income +19.5%-14.0% 49.057.041.0
Net profit? +16.7%+0.0% 182182156
PAT margin % +88 bps-33 bps 12.8%13.1%11.9%
EPS (₹) +16.8%+0.0% 8.018.016.86

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹240 Cr: core business ₹191 Cr, other income ₹49.0 Cr.

Core profit YoY: +14.4% · reported profit +16.7%

Cash & debt

FY25 cash from operations ₹565 Cr: 87% of FY25 net profit of ₹650 Cr.

Borrowings ₹125 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,424₹1,421 -0.2% in line
Net profit₹156₹182 +16.4% above
📊 Investor presentation (29 Jul) Detailed financials →

Lloyds Enterprises Limited

LLOYDSENT · Trading & Distribution · Q2 FY26 · Consolidated
M Cap
₹10,834 Cr
P/E
38.8
PEG
0.50
  • Profit +96% above its own trend
  • Operating margin expanded 216 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +15.9%+34.9% 447331385
Operating profit +41.7%+140.2% 52.822.037.3
OPM % +216 bps+518 bps 11.8%6.6%9.7%
Other income +50.9%-98.2% 5.02823.3
Net profit? +55.0%-75.1% 62.024940.0
PAT margin % +350 bps-6135 bps 13.9%75.2%10.4%
EPS (₹) +7.1%-90.0% 0.151.500.14

Quality of profit

Core 79%Other income & one-offs 21%

Pre-tax profit ₹53.5 Cr: core business ₹42.5 Cr, other income ₹5.0 Cr, exceptional & other items ₹6.0 Cr.

Core profit YoY: +35.9% · reported profit +55.0%

Cash & debt

FY25 cash from operations ₹145 Cr: 118% of FY25 net profit of ₹123 Cr.

Borrowings ₹596 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹501₹447 -10.9% below
Net profit₹31.6₹62.0 +96.4% above
Detailed financials →

IIFL Capital Services Limited

IIFLCAPS · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹10,809 Cr
P/E
18.9
PEG
0.61
  • Profit -63% below its own trend
  • Operating margin contracted 400 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -11.3%-7.3% 572617645
Operating profit -19.9%-3.6% 213221266
OPM % -400 bps+142 bps 37.2%35.8%41.2%
Other income to lossto loss -25.063.058.0
Net profit? -58.5%-51.7% 85.0176205
PAT margin % -1692 bps-1366 bps 14.9%28.5%31.8%
EPS (₹) -59.0%-51.9% 2.725.666.64

Quality of profit

Pre-tax profit ₹120 Cr: core business ₹145 Cr, other income −₹25.0 Cr.

Core profit YoY: -29.3% · reported profit -58.5%

Cash & debt

FY25 cash from operations ₹871 Cr: 122% of FY25 net profit of ₹712 Cr.

Borrowings ₹937 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹647₹572 -11.6% below
Net profit₹233₹85.0 -63.5% below
📊 Investor presentation (23 Jul) Detailed financials →

Blue Dart Express Limited

BLUEDART · Logistics · Q2 FY26 · Consolidated
M Cap
₹10,752 Cr
P/E
37.5
PEG
—
  • Profit +45% above its own trend
  • Operating margin expanded 121 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.0%+7.4% 1,5491,4421,448
Operating profit +15.6%+28.8% 252196218
OPM % +121 bps+270 bps 16.3%13.6%15.1%
Other income +11.1%+1.4% 10.09.99.0
Net profit? +28.6%+65.9% 81.048.863.0
PAT margin % +88 bps+184 bps 5.2%3.4%4.4%
EPS (₹) +29.5%+66.7% 34.3020.5826.48

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹109 Cr: core business ₹99.0 Cr, other income ₹10.0 Cr.

Core profit YoY: +30.3% · reported profit +28.6%

Cash & debt

FY25 cash from operations ₹735 Cr: 291% of FY25 net profit of ₹253 Cr.

Borrowings ₹1,007 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,569₹1,549 -1.3% in line
Net profit₹55.9₹81.0 +44.9% above
📊 Investor presentation (04 Aug) 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