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.
5073 declared
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The next results season has started: 45 companies have filed results for the quarter ended 30 Sep 2026.
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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 ₹10.0 Cr
P/E 5.8
PEG —
Profit +47% above its own trend Operating margin expanded 131 bps YoY 30% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+7.0% +1.0%
34.9 34.5 32.6 Operating profit
+29.4% +14.3%
2.6 2.3 2.0 OPM %
+131 bps +88 bps
7.6% 6.7% 6.3% Other income
-8.8% +29.2%
0.3 0.2 0.3 Net profit?
+6.7% -4.0%
0.9 1.0 0.9 PAT margin %
-1 bps -14 bps
2.7% 2.9% 2.7% EPS (₹)
+6.7% -3.5%
1.11 1.15 1.04
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.7 Cr, other income ₹0.3 Cr.
Core profit YoY: +8.8%
· reported profit +6.7%
Cash & debt
FY25 cash from operations ₹2.8 Cr.
Borrowings ₹16.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹34.7 ₹34.9
+0.6% in line Net profit ₹0.6 ₹0.9
+47.1% above
M Cap ₹10.0 Cr
P/E 24.3
PEG —
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
-55.3% -68.6%
13.4 42.7 29.9 Operating profit
-46.2% from loss 0.3 -0.6 0.7 OPM %
+44 bps +393 bps
2.6% -1.3% 2.2% Other income
+31.0% -37.7%
0.4 0.6 0.3 Net profit
-72.7% from loss 0.1 -0.1 0.3 PAT margin %
-43 bps +93 bps
0.7% -0.3% 1.1% EPS (₹)
-100.0% loss narrowed 0.00 -0.01 0.02
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.1 Cr, other income ₹0.4 Cr.
Core profit YoY: to loss
· reported profit -72.7%
Cash & debt
FY25 cash from operations −₹0.3 Cr.
Borrowings ₹6.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹59.9 ₹13.4
-77.6% below
M Cap ₹10.0 Cr
P/E 9.6
PEG —
Profit -28% below its own trend Operating margin contracted 164 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
-40.9% -68.4%
11.1 35.1 18.8 Operating profit
-49.8% -29.9%
1.0 1.5 2.0 OPM %
-164 bps +509 bps
9.3% 4.2% 10.9% Other income
+40.4% +12.7%
0.8 0.7 0.6 Net profit
-28.6% -8.5%
0.7 0.7 0.9 PAT margin %
+101 bps +383 bps
5.9% 2.0% 4.8% EPS (₹)
-29.7% -10.3%
0.26 0.29 0.37
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹0.1 Cr, other income ₹0.8 Cr.
Core profit YoY: to loss
· reported profit -28.6%
Cash & debt
FY25 cash from operations ₹3.1 Cr.
Borrowings ₹44.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹23.0 ₹11.1
-51.7% below Net profit ₹0.9 ₹0.7
-28.2% below
Operating margin expanded 171 bps YoY 58% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+4.2% +0.2%
26.9 26.9 25.9 Operating profit
— +42.4%
0.5 0.3 0.0 OPM %
+171 bps +52 bps
1.7% 1.2% 0.0% Other income
+1.7% +31.1%
0.6 0.5 0.6 Net profit?
+83.3% +40.0%
0.8 0.6 0.4 PAT margin %
+123 bps +81 bps
2.9% 2.0% 1.6% EPS (₹)
+82.5% +40.2%
1.15 0.82 0.63
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.4 Cr, other income ₹0.6 Cr.
Core profit YoY: from loss
· reported profit +83.3%
Cash & debt
FY25 cash from operations −₹0.3 Cr.
Borrowings ₹0.5 Cr at Sep 2025, against ₹0.1 Cr at Mar 2025 (+336% ).
M Cap ₹8.0 Cr
P/E 22.3
PEG —
Profit -70% below its own trend Operating margin contracted 305 bps YoY 30% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
-17.6% -1.6%
11.8 11.9 14.3 Operating profit
-59.3% -5.4%
0.3 0.4 0.9 OPM %
-305 bps -12 bps
3.0% 3.1% 6.0% Other income
+166.7% -57.9%
0.1 0.2 0.0 Net profit
-71.0% -35.7%
0.2 0.3 0.6 PAT margin %
-282 bps -81 bps
1.5% 2.3% 4.3% EPS (₹)
-70.7% -34.8%
0.43 0.66 1.47
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: -73.2%
· reported profit -71.0%
Cash & debt
FY25 cash from operations −₹0.0 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹14.8 ₹11.8
-20.4% below Net profit ₹0.6 ₹0.2
-70.0% below
Profit +69% above its own trend Operating margin contracted 432 bps YoY 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
+16.4% -3.1%
21.0 21.7 18.0 Operating profit
-39.2% -22.5%
1.0 1.3 1.6 OPM %
-432 bps -119 bps
4.7% 5.9% 9.1% Other income
+110.4% +16.4%
1.8 1.6 0.9 Net profit
+47.1% +15.8%
1.2 1.1 0.8 PAT margin %
+121 bps +95 bps
5.8% 4.9% 4.6% EPS (₹)
— +16.5%
0.92 0.79 0.83
No EPS growth against Sep 2024: ₹10 to ₹1 split in May 2026.
Quality of profit
Pre-tax profit ₹1.5 Cr: core business −₹0.4 Cr, other income ₹1.8 Cr.
Core profit YoY: to loss
· reported profit +47.1%
Cash & debt
FY25 cash from operations −₹2.3 Cr:
-75% of FY25 net profit of ₹3.0 Cr.
Borrowings ₹19.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹16.4 ₹21.0
+28.1% above Net profit ₹0.7 ₹1.2
+69.5% above
500012
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 560 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
+60.7% +18.5%
168 141 104 Operating profit
from loss from loss 0.9 -10.5 -5.3 OPM %
+560 bps +796 bps
0.5% -7.4% -5.1% Other income
-9.8% -12.9%
6.1 7.0 6.7 Net profit
from loss from loss 2.1 -8.4 -3.6 PAT margin %
+476 bps +723 bps
1.3% -6.0% -3.5% EPS (₹)
from loss from loss 0.25 -0.99 -0.43
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹5.0 Cr, other income ₹6.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹57.0 Cr.
Borrowings ₹86.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹76.9 ₹168
+118.1% above
500058
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +18% above its own trend Operating margin expanded 107 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
+0.0% -17.7%
63.8 77.5 63.8 Operating profit
loss narrowed loss widened -4.5 -3.2 -5.2 OPM %
+107 bps -297 bps
-7.1% -4.1% -8.1% Other income
-5.8% +15.3%
7.2 6.3 7.7 Net profit
+19.9% -17.5%
1.8 2.1 1.5 PAT margin %
+45 bps +1 bps
2.7% 2.7% 2.3% EPS (₹)
+18.8% -20.8%
0.19 0.24 0.16
Quality of profit
Pre-tax profit ₹1.7 Cr: core business −₹5.5 Cr, other income ₹7.2 Cr.
Core profit YoY: loss narrowed
· reported profit +19.9%
Cash & debt
FY25 cash from operations ₹8.0 Cr:
77% of FY25 net profit of ₹10.4 Cr.
Borrowings ₹110 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹51.7 ₹63.8
+23.4% above Net profit ₹1.5 ₹1.8
+18.1% above
500159
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +72% above its own trend Operating margin expanded 209 bps YoY 59% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+0.4% +7.4%
69.4 64.6 69.1 Operating profit
+52.7% +28.2%
4.2 3.3 2.8 OPM %
+209 bps +99 bps
6.1% 5.1% 4.0% Other income
+0.4% +0.8%
2.6 2.6 2.6 Net profit?
-4.3% -4.8%
3.8 4.0 4.0 PAT margin %
-27 bps -70 bps
5.4% 6.1% 5.7% EPS (₹)
+30.6% +29.8%
4.18 3.22 3.20
Quality of profit
Pre-tax profit ₹4.5 Cr: core business ₹1.9 Cr, other income ₹2.6 Cr.
Core profit YoY: -21.9%
· reported profit -4.3%
Cash & debt
FY25 cash from operations ₹14.0 Cr:
148% of FY25 net profit of ₹9.4 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹60.7 ₹69.4
+14.3% above Net profit ₹2.2 ₹3.8
+71.9% above
500166
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -29% below its own trend Operating margin contracted 568 bps YoY 35% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -55%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-31.3% +24.0%
217 175 316 Operating profit
-50.0% —
33.0 3.0 66.0 OPM %
-568 bps +1349 bps
15.2% 1.7% 20.9% Other income
+366.7% +180.0%
14.0 5.0 3.0 Net profit
-26.7% —
44.0 3.0 60.0 PAT margin %
+129 bps +1856 bps
20.3% 1.7% 19.0% EPS (₹)
-27.8% —
20.15 1.48 27.90
Quality of profit
Pre-tax profit ₹40.0 Cr: core business ₹26.0 Cr, other income ₹14.0 Cr.
Core profit YoY: -55.2%
· reported profit -26.7%
Cash & debt
FY25 cash from operations ₹43.0 Cr:
226% of FY25 net profit of ₹19.0 Cr.
Borrowings ₹77.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹317 ₹217
-31.5% below Net profit ₹62.0 ₹44.0
-29.1% below
500246
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
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 -0.1 -0.1 -0.1 Other income
-60.6% -38.1%
0.1 0.2 0.3 Net profit
-70.8% -46.2%
0.1 0.1 0.2 EPS (₹)
-71.2% -46.4%
0.15 0.28 0.52
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit -70.8%
Cash & debt
FY25 cash from operations −₹0.1 Cr.
Borrowings ₹0.0 Cr at Mar 2025.
500264
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
38% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +64%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+3.5% -16.9%
1,030 1,240 995 Operating profit
+38.9% -43.2%
25.0 44.0 18.0 OPM %
+62 bps -112 bps
2.4% 3.5% 1.8% Other income
+37.5% +120.0%
11.0 5.0 8.0 Net profit
+10.0% -52.2%
22.0 46.0 20.0 PAT margin %
+13 bps -157 bps
2.1% 3.7% 2.0% EPS (₹)
+10.8% -51.8%
3.08 6.39 2.78
Quality of profit
Pre-tax profit ₹29.0 Cr: core business ₹18.0 Cr, other income ₹11.0 Cr.
Core profit YoY: +63.6%
· reported profit +10.0%
Cash & debt
FY25 cash from operations −₹84.0 Cr:
-86% of FY25 net profit of ₹98.0 Cr.
Borrowings ₹70.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1,990 ₹1,030
-48.2% below Net profit ₹24.2 ₹22.0
-9.2% in line
500267
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +999% above its own trend Operating margin contracted 3236 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
-18.8% -14.7%
13.1 15.4 16.1 Operating profit
-77.2% -81.4%
1.7 8.9 7.3 OPM %
-3236 bps -4531 bps
12.7% 58.0% 45.0% Other income
— +564.8%
108 16.3 8.6 Net profit?
+863.8% +450.9%
76.1 13.8 7.9 EPS (₹)
+908.6% +477.5%
72.82 12.61 7.22
Quality of profit
Pre-tax profit ₹105 Cr: core business −₹3.4 Cr, other income ₹108 Cr.
Core profit YoY: to loss
· reported profit +863.8%
Cash & debt
FY25 cash from operations ₹100 Cr:
1135% of FY25 net profit of ₹8.8 Cr.
Borrowings ₹145 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹15.5 ₹13.1
-15.2% below Net profit ₹6.6 ₹76.1
+999.0% above
500270
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +34% above its own trend Operating margin expanded 487 bps YoY 33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -18%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-24.3% -41.6%
13.1 22.4 17.3 Operating profit
-11.9% -39.5%
4.5 7.5 5.1 OPM %
+487 bps +117 bps
34.5% 33.4% 29.7% Other income
+281.1% +910.0%
2.0 0.2 0.5 Net profit
+11.4% -14.9%
6.0 7.1 5.4 PAT margin %
+1485 bps +1449 bps
46.2% 31.8% 31.4% EPS (₹)
+11.4% -14.8%
2.64 3.10 2.37
Quality of profit
Pre-tax profit ₹6.0 Cr: core business ₹4.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -18.2%
· reported profit +11.4%
Cash & debt
FY25 cash from operations ₹42.0 Cr:
104% of FY25 net profit of ₹40.3 Cr.
Borrowings ₹175 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹34.5 ₹13.1
-62.2% below Net profit ₹4.5 ₹6.0
+33.8% above
500346
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 5802 bps YoY 90% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+47.5% +22.5%
8.2 6.7 5.5 Operating profit
from loss from loss 0.4 -2.3 -3.0 OPM %
+5802 bps +3911 bps
4.8% -34.3% -53.2% Other income
+45.0% +8.2%
2.9 2.7 2.0 Net profit
from loss +822.9%
3.2 0.3 -1.0 PAT margin %
+5759 bps +3429 bps
39.5% 5.2% -18.1% EPS (₹)
from loss +827.6%
2.69 0.29 -0.83
Quality of profit
Pre-tax profit ₹3.2 Cr: core business ₹0.3 Cr, other income ₹2.9 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹9.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.4 ₹8.2
-2.8% in line
500365
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 440 bps YoY 38% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+42.8% +18.8%
239 201 167 Operating profit
+423.9% +235.5%
14.5 4.3 2.8 OPM %
+440 bps +391 bps
6.0% 2.1% 1.6% Other income
-34.7% -62.6%
3.6 9.7 5.6 Net profit
from loss from loss 9.7 -0.8 -6.3 PAT margin %
+783 bps +441 bps
4.0% -0.4% -3.8% EPS (₹)
from loss from loss 0.15 -0.01 -0.10
Quality of profit
Pre-tax profit ₹9.7 Cr: core business ₹6.0 Cr, other income ₹3.6 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹58.0 Cr.
Borrowings ₹21.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹197 ₹239
+21.4% above
500422
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -48% 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 widened loss widened -0.8 -0.3 -0.4 Other income
-27.3% +2.4%
1.7 1.6 2.3 Net profit
-52.8% -31.3%
0.7 1.0 1.4 EPS (₹)
-52.5% -30.9%
0.56 0.81 1.18
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹0.8 Cr, other income ₹1.7 Cr.
Core profit YoY: loss widened
· reported profit -52.8%
Cash & debt
FY25 cash from operations ₹36.0 Cr:
690% of FY25 net profit of ₹5.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹1.3 ₹0.7
-48.0% below
500450
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -44% 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% -50.0%
0.0 0.0 0.0 Operating profit
loss narrowed loss widened -0.2 -0.1 -0.2 Other income
+0.0% +5.6%
0.4 0.4 0.4 Net profit
+11.1% -16.7%
0.1 0.1 0.1 EPS (₹)
+11.5% -16.7%
1.75 2.10 1.57
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.3 Cr, other income ₹0.4 Cr.
Core profit YoY: loss narrowed
· reported profit +11.1%
Cash & debt
FY25 cash from operations −₹0.8 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹0.0
+0.0% in line Net profit ₹0.2 ₹0.1
-44.4% below
501151
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
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 0.0 Operating profit
— loss narrowed 0.0 -0.0 0.0 OPM %
+0 bps —
0.0% — 0.0% Other income
+0.0% +0.0%
0.0 0.0 0.0 Net profit
+0.0% from loss 0.0 -0.0 0.0 PAT margin %
+0 bps —
50.0% — 50.0% EPS (₹)
+0.0% from loss 0.41 -0.41 0.41
Quality of profit
Pre-tax profit ₹0.0 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: —
· reported profit +0.0%
Cash & debt
FY25 cash from operations −₹0.1 Cr.
Borrowings nil at Mar 2025.
501298
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -25% below its own trend 88% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -50%) FY25 operating cash flow was only 20% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-50.0% -33.3%
2.0 3.0 4.0 Operating profit
-50.0% -33.3%
2.0 3.0 4.0 OPM %
+0 bps +0 bps
100.0% 100.0% 100.0% Other income
+0.0% +36.4%
15.0 11.0 15.0 Net profit?
-5.6% +21.4%
17.0 14.0 18.0 EPS (₹)
-8.3% +21.4%
99.71 82.11 108.72
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹2.0 Cr, other income ₹15.0 Cr.
Core profit YoY: -50.0%
· reported profit -5.6%
Cash & debt
FY25 cash from operations ₹12.0 Cr:
20% of FY25 net profit of ₹60.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.0 ₹2.0
-66.7% below Net profit ₹22.7 ₹17.0
-25.1% below
501314
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +95% above its own trend Operating margin expanded 1255 bps YoY 44% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +204%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-42.0% -11.1%
5.0 5.6 8.6 Operating profit
+208.0% -40.3%
0.8 1.3 0.2 OPM %
+1255 bps -757 bps
15.5% 23.0% 2.9% Other income
+18.4% -13.4%
0.6 0.7 0.5 Net profit?
+111.1% -34.5%
0.9 1.4 0.5 PAT margin %
+1383 bps -682 bps
19.1% 25.9% 5.2% EPS (₹)
+100.0% -33.3%
0.02 0.03 0.01
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹0.7 Cr, other income ₹0.6 Cr.
Core profit YoY: +204.2%
· reported profit +111.1%
Cash & debt
FY25 cash from operations ₹9.6 Cr:
1653% of FY25 net profit of ₹0.6 Cr.
Borrowings ₹8.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.5 ₹5.0
-9.0% below Net profit ₹0.5 ₹0.9
+94.6% above
501370
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +67% above its own trend Operating margin expanded 625 bps YoY 26% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +140%) FY25 operating cash flow was only 13% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+12.8% +27.0%
9.6 7.6 8.5 Operating profit
+111.5% from loss 1.3 -0.0 0.6 OPM %
+625 bps +1392 bps
13.4% -0.5% 7.1% Other income
-62.9% -66.1%
0.4 1.3 1.2 Net profit
-16.7% +21.2%
1.2 1.0 1.4 PAT margin %
-440 bps -60 bps
12.5% 13.1% 16.9% EPS (₹)
-16.7% +21.1%
4.13 3.41 4.96
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹1.2 Cr, other income ₹0.4 Cr.
Core profit YoY: +140.0%
· reported profit -16.7%
Cash & debt
FY25 cash from operations ₹0.2 Cr:
13% of FY25 net profit of ₹1.8 Cr.
Borrowings ₹0.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.8 ₹9.6
-10.5% below Net profit ₹0.7 ₹1.2
+66.7% above
501391
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -81% below its own trend Operating margin contracted 562 bps YoY 65% 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
-37.7% -28.7%
16.8 23.6 27.0 Operating profit
-62.0% -13.5%
1.5 1.7 3.9 OPM %
-562 bps +155 bps
8.8% 7.3% 14.4% Other income
-65.7% -71.4%
0.8 2.8 2.3 Net profit?
-71.3% -56.9%
1.1 2.6 3.9 PAT margin %
-789 bps -439 bps
6.7% 11.1% 14.6% EPS (₹)
-69.5% -54.6%
3.92 8.63 12.86
Quality of profit
Pre-tax profit ₹1.2 Cr: core business ₹0.4 Cr, other income ₹0.8 Cr.
Core profit YoY: -86.4%
· reported profit -71.3%
Cash & debt
FY25 cash from operations −₹0.1 Cr:
-0% of FY25 net profit of ₹27.2 Cr.
Borrowings ₹10.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹27.5 ₹16.8
-38.9% below Net profit ₹5.8 ₹1.1
-80.7% below
501430
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Into loss: a profit a year ago Profit -105% below its own trend Operating margin contracted 1848 bps YoY 89% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+6.7% +6.7%
2.7 2.5 2.5 Operating profit
-79.3% -33.3%
0.1 0.2 0.6 OPM %
-1848 bps -267 bps
4.4% 7.1% 22.9% Other income
-90.2% -94.3%
0.1 1.4 0.8 Net profit?
to loss to loss -0.1 1.6 1.2 PAT margin %
-5193 bps -6774 bps
-3.7% 64.0% 48.2% EPS (₹)
to loss to loss -2.50 40.50 30.50
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: -98.1%
Cash & debt
FY25 cash from operations ₹2.3 Cr.
Borrowings ₹0.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.7 ₹2.7
+1.1% in line Net profit ₹2.1 −₹0.1
-104.8% below
501833
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 2517 bps YoY 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
-19.1% -8.4%
0.8 0.8 0.9 Operating profit
to loss loss narrowed -0.1 -0.2 0.1 OPM %
-2517 bps +2091 bps
-9.2% -30.1% 16.0% Other income
-39.4% -47.6%
0.4 0.8 0.7 Net profit
-51.5% -42.9%
0.2 0.3 0.3 PAT margin %
-1405 bps -1268 bps
21.1% 33.7% 35.1% EPS (₹)
-55.6% -50.0%
0.04 0.08 0.09
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.4 Cr.
Core profit YoY: loss widened
· reported profit -51.5%
Cash & debt
FY25 cash from operations −₹4.3 Cr:
-330% of FY25 net profit of ₹1.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.8 ₹0.8
-10.4% below Net profit ₹0.2 ₹0.2
-3.0% in line
501848
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 642 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
-7.2% +58.6%
6.7 4.2 7.3 Operating profit
+20.4% from loss 1.9 -2.5 1.6 OPM %
+642 bps +8616 bps
28.0% -58.1% 21.6% Other income
— -38.2%
2.5 4.1 0.2 Net profit?
from loss from loss 0.2 -1.9 -2.1 PAT margin %
+3132 bps +4738 bps
2.7% -44.7% -28.7% EPS (₹)
from loss from loss 0.06 -0.62 -0.80
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹2.3 Cr, other income ₹2.5 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹9.4 Cr:
258% of FY25 net profit of ₹3.6 Cr.
Borrowings ₹29.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.2 ₹6.7
+8.9% above
502015
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +56% above its own trend Operating margin contracted 137 bps YoY 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
-11.8% -30.3%
20.6 29.5 23.3 Operating profit
loss widened to loss -1.9 3.1 -1.8 OPM %
-137 bps -1961 bps
-9.1% 10.5% -7.7% Other income
+4.3% -7.0%
4.4 4.7 4.2 Net profit
+62.0% -80.0%
0.8 4.0 0.5 PAT margin %
+179 bps -976 bps
3.9% 13.7% 2.1% EPS (₹)
+50.0% -80.0%
0.09 0.45 0.06
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹3.4 Cr, other income ₹4.4 Cr.
Core profit YoY: loss widened
· reported profit +62.0%
Cash & debt
FY25 cash from operations −₹3.0 Cr:
-12% of FY25 net profit of ₹25.4 Cr.
Borrowings ₹31.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹24.8 ₹20.6
-17.1% below Net profit ₹0.5 ₹0.8
+55.6% above
502271
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 1334 bps YoY 95% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -85%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+33.5% +43.3%
15.5 10.8 11.6 Operating profit
-61.5% -10.6%
0.8 0.9 2.2 OPM %
-1334 bps -326 bps
5.4% 8.7% 18.7% Other income
from loss —
3.9 0.0 -0.7 Net profit
+544.4% —
4.1 0.3 0.6 PAT margin %
+2073 bps +2356 bps
26.1% 2.6% 5.4% EPS (₹)
+542.5% —
8.61 0.59 1.34
Quality of profit
Pre-tax profit ₹4.1 Cr: core business ₹0.2 Cr, other income ₹3.9 Cr.
Core profit YoY: -85.3%
· reported profit +544.4%
Cash & debt
FY25 cash from operations ₹1.2 Cr:
1073% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹30.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.3 ₹15.5
+67.5% above
502587
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +267% above its own trend 61% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+31.9% +8.4%
127 117 96.3 Operating profit
+39.8% -17.7%
6.8 8.2 4.8 OPM %
+30 bps -168 bps
5.3% 7.0% 5.0% Other income
+103.0% +170.7%
2.7 1.0 1.3 Net profit
+633.3% +16.1%
4.4 3.8 0.6 PAT margin %
+284 bps +23 bps
3.5% 3.2% 0.6% EPS (₹)
+625.0% +16.6%
2.32 1.99 0.32
Quality of profit
Pre-tax profit ₹4.4 Cr: core business ₹1.7 Cr, other income ₹2.7 Cr.
Core profit YoY: from loss
· reported profit +633.3%
Cash & debt
FY25 cash from operations ₹14.0 Cr:
144% of FY25 net profit of ₹9.7 Cr.
Borrowings ₹124 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹136 ₹127
-6.4% below Net profit ₹1.2 ₹4.4
+266.7% above
502865
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -38% below its own trend Operating margin expanded 320 bps YoY 74% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -41%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-46.0% -16.7%
18.7 22.4 34.7 Operating profit
-31.8% +149.6%
2.9 1.1 4.2 OPM %
+320 bps +1023 bps
15.3% 5.1% 12.1% Other income
+139.2% +16.5%
6.2 5.3 2.6 Net profit?
+23.2% +30.2%
6.3 4.9 5.1 PAT margin %
+1902 bps +1220 bps
33.9% 21.6% 14.8% EPS (₹)
+23.4% +30.2%
4.91 3.77 3.98
Quality of profit
Pre-tax profit ₹8.4 Cr: core business ₹2.2 Cr, other income ₹6.2 Cr.
Core profit YoY: -40.7%
· reported profit +23.2%
Cash & debt
FY25 cash from operations −₹11.0 Cr:
-9% of FY25 net profit of ₹123 Cr.
Borrowings ₹5.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹56.3 ₹18.7
-66.8% below Net profit ₹10.3 ₹6.3
-38.4% below
How to read this page
The numbers. Each card is one company's Q2 FY26 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter,
before minority interest. A company's own headline, and the AI read of its filing, often quote the profit
attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's
Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that
attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two
are the same.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, 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, 22:53 IST
