Home › Quarterly results › Q2 FY26
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, 22:35 IST
5073 declared
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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
Filters & sorting
Results by sector
1339 matching results 1339
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M Cap ₹96.0 Cr
P/E 13.7
PEG 0.81
25% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -25%)
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+13.2% +27.7%
120 94.0 106
Operating profit
+0.0% +0.0%
8.0 8.0 8.0
OPM %
-88 bps -184 bps
6.7% 8.5% 7.5%
Other income
— +0.0%
1.0 1.0 0.0
Net profit
+0.0% +0.0%
3.0 3.0 3.0
PAT margin %
-33 bps -69 bps
2.5% 3.2% 2.8%
EPS (₹)
-6.5% +1.1%
1.88 1.86 2.01
Quality of profit
Core 75% Other income & one-offs 25%
Pre-tax profit ₹4.0 Cr: core business ₹3.0 Cr, other income ₹1.0 Cr.
Core profit YoY: -25.0%
· reported profit +0.0%
Cash & debt
FY25 cash from operations −₹2.0 Cr.
Borrowings ₹44.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹107 ₹120
+11.9% above
Net profit ₹3.0 ₹3.0
+0.0% in line
M Cap ₹93.0 Cr
P/E 7.8
PEG 1.94
Profit -56% below its own trend Operating margin contracted 297 bps YoY 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+0.6% -13.2%
171 197 170
Operating profit
-38.5% -11.1%
8.0 9.0 13.0
OPM %
-297 bps +11 bps
4.7% 4.6% 7.6%
Other income
+0.0% +0.0%
2.0 2.0 2.0
Net profit?
-44.4% +0.0%
5.0 5.0 9.0
PAT margin %
-237 bps +39 bps
2.9% 2.5% 5.3%
EPS (₹)
-49.7% -14.3%
3.47 4.05 6.90
Quality of profit
Core 67% Other income & one-offs 33%
Pre-tax profit ₹6.0 Cr: core business ₹4.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -60.0%
· reported profit -44.4%
Cash & debt
FY25 cash from operations ₹14.0 Cr.
Borrowings ₹14.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹323 ₹171
-47.0% below
Net profit ₹11.3 ₹5.0
-55.8% below
M Cap ₹92.0 Cr
P/E 18.4
PEG 6.14
67% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -50%)
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
-2.1% -3.2%
92.0 95.0 94.0
Operating profit
+0.0% +100.0%
2.0 1.0 2.0
OPM %
+5 bps +112 bps
2.2% 1.1% 2.1%
Other income
+100.0% from loss
2.0 -1.0 1.0
Net profit
+0.0% —
2.0 0.0 2.0
PAT margin %
+5 bps +217 bps
2.2% 0.0% 2.1%
EPS (₹)
-8.9% from loss
1.85 -0.24 2.03
Quality of profit
Core 33% Other income & one-offs 67%
Pre-tax profit ₹3.0 Cr: core business ₹1.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -50.0%
· reported profit +0.0%
Cash & debt
FY25 cash from operations ₹2.0 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹92.6 ₹92.0
-0.6% in line
M Cap ₹92.0 Cr
P/E 8.6
PEG —
Profit +14% 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
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+5.8% +5.6%
157 148 148
Operating profit
+5.3% -5.3%
7.5 7.9 7.1
OPM %
-2 bps -55 bps
4.8% 5.3% 4.8%
Other income
-10.5% —
2.0 0.2 2.2
Net profit?
+17.1% +218.6%
4.5 1.4 3.8
PAT margin %
+28 bps +190 bps
2.8% 0.9% 2.6%
EPS (₹)
-23.1% +233.3%
0.10 0.03 0.13
Quality of profit
Pre-tax profit ₹6.6 Cr: core business −₹3.4 Cr, other income ₹2.0 Cr, exceptional & other items ₹8.0 Cr.
Core profit YoY: to loss
· reported profit +17.1%
Cash & debt
FY25 cash from operations −₹18.0 Cr:
-189% of FY25 net profit of ₹9.5 Cr.
Borrowings ₹148 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹188 ₹157
-16.7% below
Net profit ₹3.9 ₹4.5
+14.1% above
M Cap ₹89.0 Cr
P/E 11.8
PEG 0.07
Profit +195% above its own trend 39% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -9%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-4.2% -30.0%
83.8 120 87.5
Operating profit
-7.3% -8.5%
2.8 3.0 3.0
OPM %
-11 bps +78 bps
3.3% 2.5% 3.4%
Other income
+85.7% -65.3%
0.5 1.5 0.3
Net profit?
+47.5% -51.1%
0.9 1.8 0.6
PAT margin %
+36 bps -45 bps
1.0% 1.5% 0.7%
EPS (₹)
+46.2% -50.0%
0.19 0.38 0.13
Quality of profit
Core 61% Other income & one-offs 39%
Pre-tax profit ₹1.3 Cr: core business ₹0.8 Cr, other income ₹0.5 Cr.
Core profit YoY: -9.1%
· reported profit +47.5%
Cash & debt
FY25 cash from operations −₹2.0 Cr:
-53% of FY25 net profit of ₹3.7 Cr.
Borrowings ₹65.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹85.4 ₹83.8
-1.9% in line
Net profit ₹0.3 ₹0.9
+194.9% above
Operating margin expanded 1074 bps YoY 71% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+10.7% -2.7%
181 186 163
Operating profit
+30.0% +1.6%
131 129 101
OPM %
+1074 bps +302 bps
72.4% 69.4% 61.6%
Other income
+282.1% -7.4%
25.0 27.0 6.5
Net profit?
-46.5% from loss
25.0 -17.1 46.7
PAT margin %
-1476 bps +2301 bps
13.8% -9.2% 28.6%
EPS (₹)
-70.3% -11.8%
0.30 0.34 1.01
Quality of profit
Core 29% Other income & one-offs 71%
Pre-tax profit ₹35.0 Cr: core business ₹10.0 Cr, other income ₹25.0 Cr.
Core profit YoY: from loss
· reported profit -46.5%
Cash & debt
FY25 cash from operations ₹606 Cr.
Borrowings ₹3,208 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹174 ₹181
+3.9% in line
M Cap ₹88.0 Cr
P/E 304.4
PEG —
62% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+13.5% -17.7%
47.4 57.5 41.7
Operating profit
-2.4% -47.4%
2.4 4.6 2.5
OPM %
-83 bps -287 bps
5.1% 8.0% 5.9%
Other income
+260.0% -5.3%
0.2 0.2 0.1
Net profit?
loss narrowed to loss
-0.2 1.3 -0.5
PAT margin %
+91 bps -269 bps
-0.4% 2.3% -1.3%
EPS (₹)
loss narrowed to loss
-0.08 0.60 -0.24
Quality of profit
Core 38% Other income & one-offs 62%
Pre-tax profit ₹0.3 Cr: core business ₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹12.0 Cr:
232% of FY25 net profit of ₹5.2 Cr.
Borrowings ₹33.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹36.9 ₹47.4
+28.2% above
M Cap ₹88.0 Cr
P/E 11.0
PEG 0.29
Profit -43% below its own trend 43% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -20%)
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+11.8% +8.6%
76.0 70.0 68.0
Operating profit
+12.5% -10.0%
9.0 10.0 8.0
OPM %
+8 bps -244 bps
11.8% 14.3% 11.8%
Other income
+0.0% +0.0%
1.0 1.0 1.0
Net profit
+0.0% -16.7%
5.0 6.0 5.0
PAT margin %
-77 bps -199 bps
6.6% 8.6% 7.4%
EPS (₹)
+1.9% -12.7%
3.16 3.62 3.10
Quality of profit
Core 57% Other income & one-offs 43%
Pre-tax profit ₹7.0 Cr: core business ₹4.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹2.0 Cr.
Core profit YoY: -20.0%
· reported profit +0.0%
Cash & debt
FY25 cash from operations ₹16.0 Cr.
Borrowings ₹11.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹79.7 ₹76.0
-4.6% in line
Net profit ₹8.8 ₹5.0
-42.9% below
M Cap ₹84.0 Cr
P/E 15.2
PEG —
Profit -42% below its own trend Operating margin expanded 368 bps YoY 34% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+8.6% +7.8%
99.5 92.4 91.6
Operating profit
+68.8% -4.5%
10.3 10.8 6.1
OPM %
+368 bps -132 bps
10.3% 11.7% 6.6%
Other income
-90.4% -7.7%
0.4 0.4 3.8
Net profit
+16.2% +55.7%
1.6 1.1 1.4
PAT margin %
+11 bps +51 bps
1.7% 1.1% 1.6%
EPS (₹)
+16.5% +55.3%
2.19 1.41 1.88
Quality of profit
Core 66% Other income & one-offs 34%
Pre-tax profit ₹1.1 Cr: core business ₹0.7 Cr, other income ₹0.4 Cr.
Core profit YoY: from loss
· reported profit +16.2%
Cash & debt
FY25 cash from operations ₹11.0 Cr:
272% of FY25 net profit of ₹4.0 Cr.
Borrowings ₹263 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹92.6 ₹99.5
+7.4% above
Net profit ₹2.8 ₹1.6
-41.9% below
M Cap ₹84.0 Cr
P/E 24.2
PEG —
Profit +409% above its own trend Operating margin expanded 296 bps YoY 49% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+7.6% +4.0%
24.8 23.9 23.1
Operating profit
+43.8% +1.4%
2.9 2.9 2.0
OPM %
+296 bps -30 bps
11.8% 12.1% 8.8%
Other income
-51.4% -37.9%
0.2 0.3 0.4
Net profit
+154.5% -48.1%
0.3 0.5 0.1
PAT margin %
+65 bps -113 bps
1.1% 2.3% 0.5%
EPS (₹)
+200.0% -40.0%
0.03 0.05 0.01
Quality of profit
Core 51% Other income & one-offs 49%
Pre-tax profit ₹0.4 Cr: core business ₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
· reported profit +154.5%
Cash & debt
FY25 cash from operations ₹8.0 Cr:
432% of FY25 net profit of ₹1.9 Cr.
Borrowings ₹23.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹22.9 ₹24.8
+8.3% above
Net profit ₹0.1 ₹0.3
+409.1% above
M Cap ₹84.0 Cr
P/E 14.0
PEG —
Profit -56% below its own trend Operating margin contracted 104 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+90.4% +52.5%
337 221 177
Operating profit
+20.0% from loss
6.0 -1.0 5.0
OPM %
-104 bps +223 bps
1.8% -0.5% 2.8%
Other income
+5.6% -9.5%
19.0 21.0 18.0
Net profit?
-11.1% +33.3%
8.0 6.0 9.0
PAT margin %
-271 bps -34 bps
2.4% 2.7% 5.1%
EPS (₹)
-14.2% +94.1%
2.95 1.52 3.44
Quality of profit
Pre-tax profit ₹11.0 Cr: core business −₹8.0 Cr, other income ₹19.0 Cr.
Core profit YoY: loss widened
· reported profit -11.1%
Cash & debt
FY25 cash from operations −₹8.0 Cr.
Borrowings ₹187 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹280 ₹337
+20.4% above
Net profit ₹18.0 ₹8.0
-55.6% below
M Cap ₹83.0 Cr
P/E 40.4
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-74.4% -3.7%
71.2 73.9 278
Operating profit
-13.6% from loss
0.7 -1.4 0.8
OPM %
+69 bps +288 bps
1.0% -1.9% 0.3%
Other income
-64.8% -7.4%
0.5 0.5 1.4
Net profit
from loss from loss
0.0 -2.0 -1.2
PAT margin %
+48 bps +274 bps
0.0% -2.7% -0.4%
EPS (₹)
loss narrowed loss narrowed
0.00 -0.07 -0.04
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 ₹62.0 Cr.
Borrowings ₹44.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹200 ₹71.2
-64.5% below
Into loss: a profit a year ago Profit -102% below its own trend Operating margin contracted 868 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
-2.7% +6.3%
23.7 22.3 24.4
Operating profit
-67.3% -38.8%
1.0 1.7 3.2
OPM %
-868 bps -323 bps
4.4% 7.6% 13.1%
Other income
+21.1% -39.5%
0.2 0.4 0.2
Net profit?
to loss to loss
-0.0 0.1 1.7
PAT margin %
-702 bps -82 bps
-0.2% 0.7% 6.9%
EPS (₹)
to loss to loss
-0.05 0.22 2.46
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations ₹5.1 Cr.
Borrowings ₹10.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹23.8 ₹23.7
-0.3% in line
Net profit ₹1.9 −₹0.0
-101.9% below
M Cap ₹80.0 Cr
P/E 68.2
PEG —
Operating margin contracted 326 bps YoY 70% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -65%)
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+7.3% +34.2%
14.8 11.1 13.8
Operating profit
-2.7% from loss
4.7 -5.2 4.8
OPM %
-326 bps +7891 bps
31.8% -47.1% 35.1%
Other income
+76.7% +85.4%
0.8 0.4 0.4
Net profit
+48.0% from loss
1.5 -7.8 1.0
PAT margin %
+280 bps +8097 bps
10.2% -70.8% 7.4%
EPS (₹)
+47.6% from loss
0.62 -3.21 0.42
Quality of profit
Core 30% Other income & one-offs 70%
Pre-tax profit ₹1.1 Cr: core business ₹0.3 Cr, other income ₹0.8 Cr.
Core profit YoY: -64.5%
· reported profit +48.0%
Cash & debt
FY25 cash from operations −₹10.1 Cr.
Borrowings ₹16.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹20.4 ₹14.8
-27.1% below
M Cap ₹78.0 Cr
P/E 6.5
PEG 0.19
Profit -14% below its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+171.3% +70.8%
1,286 753 474
Operating profit
-25.0% +50.0%
3.0 2.0 4.0
OPM %
-61 bps -3 bps
0.2% 0.3% 0.8%
Other income
+33.3% +9.1%
12.0 11.0 9.0
Net profit
+16.7% +16.7%
7.0 6.0 6.0
PAT margin %
-72 bps -25 bps
0.5% 0.8% 1.3%
EPS (₹)
+11.2% +18.8%
3.67 3.09 3.30
Quality of profit
Pre-tax profit ₹10.0 Cr: core business −₹1.0 Cr, other income ₹12.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: —
· reported profit +16.7%
Cash & debt
FY25 cash from operations −₹17.0 Cr.
Borrowings ₹80.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹432 ₹1,286
+197.8% above
Net profit ₹8.1 ₹7.0
-13.6% below
M Cap ₹77.0 Cr
P/E 9.7
PEG —
Profit +14% above its own trend Operating margin contracted 286 bps YoY 67% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -80%)
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+25.0% -3.7%
105 109 84.0
Operating profit
-12.5% +40.0%
7.0 5.0 8.0
OPM %
-286 bps +208 bps
6.7% 4.6% 9.5%
Other income
— +0.0%
1.0 1.0 0.0
Net profit
-33.3% +100.0%
2.0 1.0 3.0
PAT margin %
-167 bps +99 bps
1.9% 0.9% 3.6%
EPS (₹)
-50.2% +55.1%
1.07 0.69 2.15
Quality of profit
Core 33% Other income & one-offs 67%
Pre-tax profit ₹3.0 Cr: core business ₹1.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -80.0%
· reported profit -33.3%
Cash & debt
FY25 cash from operations −₹14.0 Cr.
Borrowings ₹69.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹75.5 ₹105
+39.1% above
Net profit ₹1.7 ₹2.0
+14.3% above
M Cap ₹75.0 Cr
P/E 10.8
PEG —
Profit -61% below its own trend Operating margin contracted 473 bps YoY 37% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+32.6% -34.0%
19.6 29.7 14.8
Operating profit
-39.8% -61.3%
0.8 2.0 1.3
OPM %
-473 bps -278 bps
3.9% 6.7% 8.7%
Other income
+7.7% +27.3%
0.1 0.1 0.1
Net profit
-50.7% -78.2%
0.3 1.6 0.7
PAT margin %
-294 bps -352 bps
1.7% 5.3% 4.7%
EPS (₹)
-50.3% -78.0%
0.72 3.28 1.45
Quality of profit
Core 63% Other income & one-offs 37%
Pre-tax profit ₹0.4 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: -57.1%
· reported profit -50.7%
Cash & debt
FY25 cash from operations ₹5.0 Cr:
72% of FY25 net profit of ₹7.0 Cr.
Borrowings ₹11.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹20.9 ₹19.6
-6.4% below
Net profit ₹0.9 ₹0.3
-60.5% below
M Cap ₹73.0 Cr
P/E 38.7
PEG —
Profit -97% below its own trend Operating margin contracted 919 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-56.3% -18.7%
5.0 6.2 11.6
Operating profit
-82.5% -66.3%
0.3 0.9 1.8
OPM %
-919 bps -868 bps
6.1% 14.8% 15.3%
Other income
-33.3% -12.8%
0.3 0.4 0.5
Net profit
-97.1% -93.4%
0.0 0.6 1.4
PAT margin %
-1124 bps -903 bps
0.8% 9.8% 12.0%
EPS (₹)
-97.1% -93.5%
0.06 0.92 2.09
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.3 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
· reported profit -97.1%
Cash & debt
FY25 cash from operations ₹5.0 Cr:
161% of FY25 net profit of ₹3.1 Cr.
Borrowings ₹8.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹12.1 ₹5.0
-58.2% below
Net profit ₹1.6 ₹0.0
-97.4% below
M Cap ₹73.0 Cr
P/E 16.0
PEG 0.53
Turnaround: profit against a loss a year ago Operating margin contracted 3678 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-53.3% -25.8%
14.0 18.9 30.1
Operating profit
loss widened loss widened
-5.4 -4.5 -0.6
OPM %
-3678 bps -1516 bps
-38.7% -23.5% -1.9%
Other income
+484.7% +11.4%
7.2 6.5 1.2
Net profit?
from loss -25.0%
0.7 1.0 -0.4
PAT margin %
+659 bps +5 bps
5.1% 5.1% -1.5%
EPS (₹)
from loss -28.6%
0.05 0.07 -0.03
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹6.5 Cr, other income ₹7.2 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹6.2 Cr:
2841% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹215 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹21.7 ₹14.0
-35.3% below
M Cap ₹71.0 Cr
P/E 2.5
PEG 0.06
Turnaround: profit against a loss a year ago Operating margin contracted 276 bps YoY 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+6.4% +0.0%
10.5 10.5 9.9
Operating profit
-3.9% -27.1%
2.7 3.7 2.8
OPM %
-276 bps -960 bps
25.9% 35.5% 28.6%
Other income
+50.0% +115.8%
1.2 0.6 0.8
Net profit?
from loss -8.9%
3.8 4.1 -5.8
PAT margin %
+9489 bps -352 bps
35.8% 39.4% -59.0%
EPS (₹)
from loss -9.1%
0.20 0.22 -0.31
Quality of profit
Core 68% Other income & one-offs 32%
Pre-tax profit ₹3.8 Cr: core business ₹2.6 Cr, other income ₹1.2 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹15.0 Cr.
Borrowings ₹43.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹17.2 ₹10.5
-38.8% below
M Cap ₹71.0 Cr
P/E 10.7
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 405 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+76.2% +11.1%
57.3 51.6 32.5
Operating profit
from loss -5.8%
1.1 1.2 -0.7
OPM %
+405 bps -36 bps
2.0% 2.3% -2.1%
Other income
+36.5% -40.9%
1.0 1.7 0.7
Net profit?
from loss -91.7%
0.1 1.1 -3.0
PAT margin %
+929 bps -194 bps
0.2% 2.1% -9.1%
EPS (₹)
loss narrowed to loss
-0.03 3.37 -9.85
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.7 Cr, other income ₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹3.0 Cr.
Borrowings ₹41.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹65.0 ₹57.3
-11.9% below
M Cap ₹70.0 Cr
P/E 17.4
PEG —
Profit -47% below its own trend Operating margin contracted 260 bps YoY All of pre-tax profit came from other income or one-off items Profit grew faster than the core business (core profit -100%)
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+14.7% +18.2%
78.0 66.0 68.0
Operating profit
-14.3% -14.3%
6.0 7.0 7.0
OPM %
-260 bps -291 bps
7.7% 10.6% 10.3%
Other income
+100.0% +100.0%
2.0 1.0 1.0
Net profit
-66.7% +100.0%
2.0 1.0 6.0
PAT margin %
-626 bps +105 bps
2.6% 1.5% 8.8%
EPS (₹)
-59.3% +61.9%
1.36 0.84 3.34
Quality of profit
Core 0% Other income & one-offs 100%
Pre-tax profit ₹2.0 Cr: core business ₹0.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -100.0%
· reported profit -66.7%
Cash & debt
FY25 cash from operations −₹5.0 Cr.
Borrowings ₹49.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹69.7 ₹78.0
+11.9% above
Net profit ₹3.8 ₹2.0
-46.7% below
M Cap ₹68.0 Cr
P/E 5.9
PEG —
Profit -86% 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
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+22.9% -60.5%
228 577 186
Operating profit
-63.3% -90.4%
1.0 10.2 2.6
OPM %
-100 bps -133 bps
0.4% 1.8% 1.4%
Other income
-0.8% +1.2%
2.6 2.5 2.6
Net profit
-93.1% -98.8%
0.1 5.7 1.0
PAT margin %
-51 bps -96 bps
0.0% 1.0% 0.5%
EPS (₹)
-94.4% -99.0%
0.01 1.01 0.18
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹2.5 Cr, other income ₹2.6 Cr.
Core profit YoY: loss widened
· reported profit -93.1%
Cash & debt
FY25 cash from operations −₹140 Cr:
-2003% of FY25 net profit of ₹7.0 Cr.
Borrowings ₹220 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹153 ₹228
+49.2% above
Net profit ₹0.5 ₹0.1
-86.1% below
Profit -13% below its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— —
0.0 0.0 0.0
Operating profit
loss narrowed loss narrowed
-0.0 -0.2 -0.0
Other income
-20.0% -24.3%
0.3 0.4 0.3
Net profit
-12.9% +35.0%
0.3 0.2 0.3
EPS (₹)
+0.0% +0.0%
0.01 0.01 0.01
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.0 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
· reported profit -12.9%
Cash & debt
FY25 cash from operations ₹0.4 Cr:
600% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹3.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.3 ₹0.3
-12.9% below
M Cap ₹67.0 Cr
P/E 21.1
PEG —
Profit +45% above its own trend 50% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -45%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-10.2% +36.2%
123 90.3 137
Operating profit
-1.4% -6.6%
5.8 6.2 5.8
OPM %
+42 bps -215 bps
4.7% 6.8% 4.3%
Other income
+67.6% +235.3%
0.6 0.2 0.3
Net profit
-3.5% +18.5%
1.1 0.9 1.1
PAT margin %
+6 bps -13 bps
0.9% 1.0% 0.8%
EPS (₹)
-2.8% +20.7%
0.35 0.29 0.36
Quality of profit
Core 50% Other income & one-offs 50%
Pre-tax profit ₹1.1 Cr: core business ₹0.6 Cr, other income ₹0.6 Cr.
Core profit YoY: -45.3%
· reported profit -3.5%
Cash & debt
FY25 cash from operations ₹16.0 Cr:
505% of FY25 net profit of ₹3.2 Cr.
Borrowings ₹165 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹104 ₹123
+18.1% above
Net profit ₹0.8 ₹1.1
+44.7% above
Turnaround: profit against a loss a year ago Operating margin expanded 1972 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-20.3% -12.5%
21.0 24.0 26.3
Operating profit
loss narrowed loss narrowed
-6.0 -8.0 -12.7
OPM %
+1972 bps +476 bps
-28.6% -33.3% -48.3%
Other income
+345.5% —
97.0 2.0 21.8
Net profit
from loss from loss
81.0 -16.0 -2.6
EPS (₹)
from loss from loss
4.38 -0.89 -0.20
Quality of profit
Pre-tax profit ₹81.0 Cr: core business −₹16.0 Cr, other income ₹97.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹27.0 Cr.
Borrowings ₹254 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹14.7 ₹21.0
+42.6% above
M Cap ₹65.0 Cr
P/E 20.5
PEG 0.85
Profit -40% below its own trend Operating margin contracted 268 bps YoY 28% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -9%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+42.5% -66.7%
5.6 16.9 4.0
Operating profit
+19.7% -54.6%
0.8 1.7 0.7
OPM %
-268 bps +374 bps
14.0% 10.3% 16.7%
Other income
— +7.1%
0.1 0.1 0.0
Net profit?
+18.8% -69.6%
0.4 1.2 0.3
PAT margin %
-135 bps -65 bps
6.7% 7.4% 8.1%
EPS (₹)
+17.2% -69.9%
0.34 1.13 0.29
Quality of profit
Core 72% Other income & one-offs 28%
Pre-tax profit ₹0.5 Cr: core business ₹0.4 Cr, other income ₹0.1 Cr.
Core profit YoY: -9.3%
· reported profit +18.8%
Cash & debt
FY25 cash from operations −₹0.1 Cr:
-2% of FY25 net profit of ₹5.2 Cr.
Borrowings ₹1.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.9 ₹5.6
-28.7% below
Net profit ₹0.6 ₹0.4
-40.2% below
M Cap ₹65.0 Cr
P/E 18.0
PEG —
Profit +66% above its own trend 64% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+61.8% +16.4%
11.4 9.8 7.1
Operating profit
+51.8% -6.0%
1.3 1.3 0.8
OPM %
-73 bps -262 bps
11.0% 13.6% 11.7%
Other income
+131.0% +4.7%
0.7 0.6 0.3
Net profit?
+71.1% -8.3%
0.8 0.8 0.5
PAT margin %
+37 bps -181 bps
6.7% 8.5% 6.4%
EPS (₹)
-22.2% -12.5%
0.14 0.16 0.18
Quality of profit
Core 36% Other income & one-offs 64%
Pre-tax profit ₹1.1 Cr: core business ₹0.4 Cr, other income ₹0.7 Cr.
Core profit YoY: +72.7%
· reported profit +71.1%
Cash & debt
FY25 cash from operations −₹1.1 Cr:
-165% of FY25 net profit of ₹0.7 Cr.
Borrowings ₹16.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.1 ₹11.4
+13.7% above
Net profit ₹0.5 ₹0.8
+66.3% above
Profit +138% above its own trend Operating margin contracted 797 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+49.5% +91.3%
12.6 6.6 8.4
Operating profit
to loss loss widened
-0.1 -0.0 0.6
OPM %
-797 bps -17 bps
-0.5% -0.3% 7.5%
Other income
— +25.9%
0.3 0.3 0.0
Net profit
+71.4% +9.1%
0.1 0.1 0.1
PAT margin %
+12 bps -72 bps
1.0% 1.7% 0.8%
EPS (₹)
+100.0% +0.0%
0.04 0.04 0.02
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
· reported profit +71.4%
Cash & debt
FY25 cash from operations ₹15.1 Cr:
3879% of FY25 net profit of ₹0.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.8 ₹12.6
+61.2% above
Net profit ₹0.1 ₹0.1
+137.9% above
M Cap ₹64.0 Cr
P/E 24.6
PEG 12.31
Turnaround: profit against a loss a year ago Operating margin expanded 9920 bps YoY 39% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+554.9% +12.3%
20.2 18.0 3.1
Operating profit
from loss -64.5%
2.6 7.3 -2.7
OPM %
+9920 bps -2775 bps
12.8% 40.6% -86.4%
Other income
-39.3% +41.7%
0.2 0.1 0.3
Net profit
from loss -93.8%
0.3 5.3 -4.4
PAT margin %
— -2782 bps
1.6% 29.5% —
EPS (₹)
from loss -93.9%
0.21 3.44 -2.88
Quality of profit
Core 61% Other income & one-offs 39%
Pre-tax profit ₹0.4 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹3.2 Cr.
Borrowings ₹16.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.6 ₹20.2
+661.3% 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, 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.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 13 Oct 2026, 22:35 IST