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, 22:53 IST 5073 declared
The next results season has started: 45 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

1339 matching results 1339

Page 25 of 45

HP Cotton Textile Mills Ltd

502873 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 370 bps YoY
  • 65% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -75%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.1%-4.1% 34.535.933.7
Operating profit -29.5%-22.3% 2.93.74.0
OPM % -370 bps-195 bps 8.3%10.2%12.0%
Other income +169.2%+70.7% 0.70.40.3
Net profit -4.8%-7.1% 0.80.80.8
PAT margin % -17 bps-7 bps 2.3%2.4%2.5%
EPS (₹) -5.2%-7.4% 2.012.172.12

Quality of profit

Core 35%Other income & one-offs 65%

Pre-tax profit ₹1.1 Cr: core business ₹0.4 Cr, other income ₹0.7 Cr.

Core profit YoY: -75.2% · reported profit -4.8%

Cash & debt

FY25 cash from operations ₹7.0 Cr: 271% of FY25 net profit of ₹2.6 Cr.

Borrowings ₹40.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹49.2₹34.5 -30.0% below
Net profit₹0.8₹0.8 -3.1% in line

United Interactive Ltd

502893 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -69% below its own trend
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit loss narrowedloss narrowed -0.3-0.3-0.5
Other income -34.8%+46.3% 1.20.81.8
Net profit? -38.7%+134.5% 0.70.31.1
EPS (₹) -41.7%+165.2% 1.750.663.00

Quality of profit

Pre-tax profit ₹0.8 Cr: core business −₹0.4 Cr, other income ₹1.2 Cr.

Core profit YoY: loss narrowed · reported profit -38.7%

Cash & debt

FY25 cash from operations −₹2.4 Cr: -108% of FY25 net profit of ₹2.2 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹2.2₹0.7 -69.4% below

Lakshmi Mills Company Ltd

502958 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 506 bps YoY
  • 62% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -19.2%+6.5% 58.655.172.5
Operating profit +40.3%+35.4% 7.05.25.0
OPM % +506 bps+255 bps 11.9%9.4%6.9%
Other income -60.4%+392.1% 1.90.44.7
Net profit +121.1%from loss 2.5-22.01.1
PAT margin % +273 bps+4430 bps 4.3%-40.0%1.6%
EPS (₹) +121.0%from loss 36.23-316.7116.39

Quality of profit

Core 38%Other income & one-offs 62%

Pre-tax profit ₹3.0 Cr: core business ₹1.1 Cr, other income ₹1.9 Cr.

Core profit YoY: from loss · reported profit +121.1%

Cash & debt

FY25 cash from operations ₹28.0 Cr.

Borrowings ₹134 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹68.8₹58.6 -14.8% below

Pasupati Spinning & Weaving Mills Ltd

503092 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +86% above its own trend
  • Operating margin expanded 193 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.7%+18.8% 24.720.824.3
Operating profit +36.2%+93.8% 1.91.01.4
OPM % +193 bps+295 bps 7.6%4.7%5.7%
Other income -78.7%-88.0% 0.10.80.5
Net profit +112.5%— 0.20.00.1
PAT margin % +36 bps+64 bps 0.7%0.0%0.3%
EPS (₹) +100.0%— 0.180.010.09

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹0.3 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.

Core profit YoY: from loss · reported profit +112.5%

Cash & debt

FY25 cash from operations ₹4.4 Cr: 497% of FY25 net profit of ₹0.9 Cr.

Borrowings ₹54.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹22.7₹24.7 +8.7% above
Net profit₹0.1₹0.2 +86.5% above

Raja Bahadur International Ltd

503127 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin contracted 560 bps YoY
  • 66% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +4.2%+0.6% 7.07.06.7
Operating profit -4.4%+302.8% 4.41.14.6
OPM % -560 bps+4712 bps 62.8%15.7%68.4%
Other income +32.7%-85.6% 0.74.50.5
Net profit? from lossfrom loss 0.8-1.2-1.0
PAT margin % +2637 bps+2828 bps 10.9%-17.4%-15.5%
EPS (₹) from lossfrom loss 30.40-48.40-41.60

Quality of profit

Core 34%Other income & one-offs 66%

Pre-tax profit ₹1.0 Cr: core business ₹0.3 Cr, other income ₹0.7 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹12.8 Cr.

Borrowings ₹213 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7.5₹7.0 -7.4% below

Zodiac Ventures Ltd

503641 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -67% below its own trend
  • 71% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -81%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +11.9%+3.1% 0.70.60.6
Operating profit -37.3%-31.2% 0.60.91.0
OPM % —— 97.0%——
Other income —— 0.30.00.0
Net profit -34.1%+0.0% 0.30.30.4
PAT margin % -3064 bps-137 bps 43.9%45.3%74.6%
EPS (₹) -20.0%+0.0% 0.040.040.05

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹0.4 Cr: core business ₹0.1 Cr, other income ₹0.3 Cr.

Core profit YoY: -80.7% · reported profit -34.1%

Cash & debt

FY25 cash from operations ₹3.3 Cr: 393% of FY25 net profit of ₹0.8 Cr.

Borrowings ₹27.5 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹0.9₹0.3 -67.0% below

Veer Energy & Infrastructure Ltd

503657 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -72% below its own trend
  • Operating margin contracted 1347 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
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -42.7%+292.3% 2.50.74.5
Operating profit to lossloss widened -0.2-0.10.3
OPM % -1347 bps+1526 bps -6.3%-21.5%7.2%
Other income +45.5%+1.6% 0.60.60.4
Net profit -65.1%-51.6% 0.10.30.4
PAT margin % -378 bps-4181 bps 5.9%47.7%9.7%
EPS (₹) -65.5%-52.4% 0.100.210.29

Quality of profit

Pre-tax profit ₹0.3 Cr: core business −₹0.3 Cr, other income ₹0.6 Cr.

Core profit YoY: to loss · reported profit -65.1%

Cash & debt

FY25 cash from operations −₹4.6 Cr: -2700% of FY25 net profit of ₹0.2 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3.4₹2.5 -25.2% below
Net profit₹0.5₹0.1 -71.6% below

Tilak Ventures Ltd

503663 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +63% above its own trend
  • Operating margin expanded 1257 bps YoY
  • 56% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +21%)
  • FY25 operating cash flow was only 27% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -31.3%-21.7% 6.38.19.2
Operating profit +21.2%-0.5% 1.81.81.5
OPM % +1257 bps+617 bps 29.0%22.8%16.4%
Other income +104.3%+78.0% 2.41.31.1
Net profit +63.0%+53.4% 3.42.22.1
PAT margin % +3109 bps+2630 bps 53.7%27.4%22.6%
EPS (₹) +50.0%+50.0% 0.030.020.02

Quality of profit

Core 44%Other income & one-offs 56%

Pre-tax profit ₹4.2 Cr: core business ₹1.8 Cr, other income ₹2.4 Cr.

Core profit YoY: +20.5% · reported profit +63.0%

Cash & debt

FY25 cash from operations ₹1.7 Cr: 27% of FY25 net profit of ₹6.3 Cr.

Borrowings ₹8.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹18.4₹6.3 -65.7% below
Net profit₹2.1₹3.4 +63.3% above

Wagend Infra Venture Ltd

503675 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -40% below its own trend
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —+82.9% 0.60.30.0
Operating profit —loss narrowed -0.1-0.1-0.1
OPM % —+2076 bps -7.8%-28.6%—
Other income -46.7%+0.0% 0.10.10.1
Net profit -70.0%from loss 0.0-0.00.1
PAT margin % —+1040 bps 4.7%-5.7%—
EPS (₹) -50.0%— 0.010.000.02

Quality of profit

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

Core profit YoY: — · reported profit -70.0%

Cash & debt

FY25 cash from operations −₹0.8 Cr: -2125% of FY25 net profit of ₹0.0 Cr.

Borrowings ₹0.6 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹0.1₹0.0 -40.0% below

Shri Dinesh Mills Ltd

503804 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +18% above its own trend
  • Operating margin expanded 1070 bps YoY
  • 46% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -25.0%+7.5% 17.316.123.0
Operating profit +310.9%+48.7% 2.31.50.6
OPM % +1070 bps+363 bps 13.1%9.5%2.4%
Other income -71.7%-67.8% 1.23.74.2
Net profit? +1.6%-47.8% 1.93.71.9
PAT margin % +294 bps-1192 bps 11.2%23.2%8.3%
EPS (₹) -27.4%-52.5% 3.377.094.64

Quality of profit

Core 54%Other income & one-offs 46%

Pre-tax profit ₹2.6 Cr: core business ₹1.4 Cr, other income ₹1.2 Cr.

Core profit YoY: from loss · reported profit +1.6%

Cash & debt

FY25 cash from operations ₹14.2 Cr: 178% of FY25 net profit of ₹8.0 Cr.

Borrowings ₹4.8 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹21.3₹17.3 -18.9% below
Net profit₹1.6₹1.9 +17.7% above

Swadeshi Polytex Ltd

503816 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +229% above its own trend
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit loss narrowedloss widened -0.7-0.6-0.7
Other income +24.5%+34.3% 2.41.81.9
Net profit +64.6%+52.9% 1.30.80.8
EPS (₹) +65.0%+50.0% 0.330.220.20

Quality of profit

Pre-tax profit ₹1.7 Cr: core business −₹0.7 Cr, other income ₹2.4 Cr.

Core profit YoY: loss narrowed · reported profit +64.6%

Cash & debt

FY25 cash from operations −₹6.5 Cr: -288% of FY25 net profit of ₹2.3 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹0.4₹1.3 +229.1% above

Elpro International Ltd

504000 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -78% below its own trend
  • Operating margin expanded 2721 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -73.9%-46.0% 54.0100207
Operating profit -21.4%-69.0% 22.071.028.0
OPM % +2721 bps-3026 bps 40.7%71.0%13.5%
Other income -51.9%-69.8% 13.043.027.0
Net profit? -65.6%-85.1% 11.074.032.0
PAT margin % +491 bps-5363 bps 20.4%74.0%15.5%
EPS (₹) -65.3%-85.0% 0.664.391.90

Quality of profit

Pre-tax profit ₹4.0 Cr: core business −₹9.0 Cr, other income ₹13.0 Cr.

Core profit YoY: to loss · reported profit -65.6%

Cash & debt

FY25 cash from operations ₹219 Cr: 332% of FY25 net profit of ₹66.0 Cr.

Borrowings ₹1,010 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹149₹54.0 -63.7% below
Net profit₹49.3₹11.0 -77.7% below

JSL Industries Ltd

504080 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +20% above its own trend
  • 40% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +13%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.6%+8.1% 13.212.212.2
Operating profit +3.8%+127.1% 1.10.51.1
OPM % -30 bps+433 bps 8.3%3.9%8.6%
Other income -69.9%-12.8% 0.40.51.4
Net profit -40.0%+140.0% 1.00.41.6
PAT margin % -578 bps+400 bps 7.3%3.3%13.1%
EPS (₹) -40.0%+139.9% 8.183.4113.63

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹1.0 Cr: core business ₹0.6 Cr, other income ₹0.4 Cr.

Core profit YoY: +12.7% · reported profit -40.0%

Cash & debt

FY25 cash from operations −₹0.2 Cr: -2% of FY25 net profit of ₹6.5 Cr.

Borrowings ₹2.7 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹12.3₹13.2 +7.0% above
Net profit₹0.8₹1.0 +20.0% above

Indokem Ltd

504092 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -6.9%-3.1% 40.341.643.3
Operating profit +0.8%-32.4% 1.21.81.2
OPM % +23 bps-130 bps 3.0%4.3%2.8%
Other income +980.0%+217.6% 0.50.20.1
Net profit? from loss-41.4% 0.40.7-0.0
PAT margin % +104 bps-67 bps 1.0%1.7%-0.0%
EPS (₹) —-40.0% 0.150.250.00

Quality of profit

Pre-tax profit ₹0.4 Cr: core business −₹0.1 Cr, other income ₹0.5 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹5.0 Cr: 159% of FY25 net profit of ₹3.1 Cr.

Borrowings ₹22.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹47.7₹40.3 -15.5% below

Panasonic Energy India Company Ltd

504093 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -42% below its own trend
  • Operating margin contracted 469 bps YoY
  • 43% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -74%)
  • FY25 operating cash flow was only 34% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.0%+18.3% 68.658.068.6
Operating profit -58.9%-1.3% 2.22.35.5
OPM % -469 bps-65 bps 3.3%3.9%8.0%
Other income +5.8%-11.7% 0.91.00.9
Net profit -52.5%+128.6% 1.90.84.0
PAT margin % -309 bps+135 bps 2.8%1.4%5.9%
EPS (₹) -52.5%+128.6% 2.561.125.39

Quality of profit

Core 57%Other income & one-offs 43%

Pre-tax profit ₹2.1 Cr: core business ₹1.2 Cr, other income ₹0.9 Cr.

Core profit YoY: -73.6% · reported profit -52.5%

Cash & debt

FY25 cash from operations ₹4.0 Cr: 34% of FY25 net profit of ₹11.8 Cr.

Borrowings ₹1.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹65.3₹68.6 +5.1% above
Net profit₹3.3₹1.9 -41.6% below

Permanent Magnets Ltd

504132 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -59% below its own trend
  • Operating margin contracted 684 bps YoY
  • 37% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -12.4%-8.3% 49.153.556.1
Operating profit -43.9%-43.9% 6.010.710.7
OPM % -684 bps-775 bps 12.2%20.0%19.1%
Other income +7.0%+11.3% 1.41.21.3
Net profit? -66.6%-61.6% 2.46.27.1
PAT margin % -783 bps-670 bps 4.8%11.5%12.7%
EPS (₹) -66.6%-61.6% 2.767.188.26

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹3.7 Cr: core business ₹2.3 Cr, other income ₹1.4 Cr.

Core profit YoY: -69.6% · reported profit -66.6%

Cash & debt

FY25 cash from operations ₹39.0 Cr: 247% of FY25 net profit of ₹15.8 Cr.

Borrowings ₹24.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹55.0₹49.1 -10.7% below
Net profit₹5.8₹2.4 -59.1% below

High Energy Batteries India Ltd

504176 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +123% above its own trend
  • Operating margin contracted 1525 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • FY25 operating cash flow was only 26% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +15.7%+30.4% 17.313.314.9
Operating profit to lossto loss -0.70.71.6
OPM % -1525 bps-985 bps -4.3%5.6%11.0%
Other income +206.0%+350.5% 4.10.91.3
Net profit +11.7%+157.7% 2.00.81.8
PAT margin % -42 bps+574 bps 11.6%5.9%12.0%
EPS (₹) +11.4%+157.5% 2.240.872.01

Quality of profit

Pre-tax profit ₹2.7 Cr: core business −₹1.4 Cr, other income ₹4.1 Cr.

Core profit YoY: to loss · reported profit +11.7%

Cash & debt

FY25 cash from operations ₹4.0 Cr: 26% of FY25 net profit of ₹15.3 Cr.

Borrowings ₹11.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹12.0₹17.3 +43.9% above
Net profit₹0.9₹2.0 +123.3% above

Lakshmi Electrical Control Systems Ltd

504258 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +9.2%+11.3% 58.352.453.4
Operating profit +283.3%+7.0% 0.50.40.1
OPM % +56 bps-3 bps 0.8%0.8%0.2%
Other income -39.2%+0.8% 1.21.22.0
Net profit from loss-15.8% 0.50.6-0.2
PAT margin % +118 bps-26 bps 0.8%1.1%-0.4%
EPS (₹) from loss-15.9% 1.952.32-0.77

Quality of profit

Pre-tax profit ₹0.5 Cr: core business −₹0.7 Cr, other income ₹1.2 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹5.0 Cr: 144% of FY25 net profit of ₹3.5 Cr.

Borrowings ₹10.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹41.3₹58.3 +41.3% above

Galada Power & Telecommunication Ltd

504697 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit loss widenedloss widened -0.4-0.3-0.2
Other income +47.5%-95.3% 0.612.50.4
Net profit +90.0%-98.4% 0.212.20.1
EPS (₹) +90.9%-98.5% 0.2113.810.11

Quality of profit

Pre-tax profit ₹0.2 Cr: core business −₹0.4 Cr, other income ₹0.6 Cr.

Core profit YoY: loss widened · reported profit +90.0%

Cash & debt

FY25 cash from operations −₹1.0 Cr: -278% of FY25 net profit of ₹0.4 Cr.

Borrowings ₹25.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹0.2₹0.2 -5.0% in line

Azad India Mobility Ltd

504731 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • 91% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —+157.6% 19.87.70.0
Operating profit from lossfrom loss 0.1-0.1-0.4
OPM % —+129 bps 0.3%-1.0%—
Other income -59.6%+10.5% 0.20.20.5
Net profit +76.9%+228.6% 0.20.10.1
PAT margin % —+25 bps 1.2%0.9%—
EPS (₹) +0.0%+100.0% 0.040.020.04

Quality of profit

Core 9%Other income & one-offs 91%

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

Core profit YoY: from loss · reported profit +76.9%

Cash & debt

FY25 cash from operations ₹3.3 Cr.

Borrowings ₹2.0 Cr at Mar 2025.

Informed Technologies India Ltd

504810 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -60% below its own trend
  • Operating margin contracted 4266 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
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -42.4%+5.6% 0.40.40.7
Operating profit loss widenedloss narrowed -0.3-0.4-0.2
OPM % -4266 bps— -68.4%—-25.8%
Other income -29.4%+50.5% 1.40.91.9
Net profit? -24.2%+261.5% 0.90.31.2
EPS (₹) -24.2%+262.9% 2.250.622.97

Quality of profit

Pre-tax profit ₹1.0 Cr: core business −₹0.4 Cr, other income ₹1.4 Cr.

Core profit YoY: loss widened · reported profit -24.2%

Cash & debt

FY25 cash from operations −₹1.3 Cr: -95% of FY25 net profit of ₹1.3 Cr.

Borrowings ₹0.2 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.4₹0.4 -11.1% below
Net profit₹2.3₹0.9 -59.9% below

National Standard (India) Ltd

504882 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +38% above its own trend
  • Operating margin contracted 5577 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
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +353.9%— 17.20.03.8
Operating profit to lossloss narrowed -0.4-2.92.0
OPM % -5577 bps— -2.1%—53.7%
Other income +41.6%+42.6% 6.24.34.4
Net profit -11.3%+330.3% 4.31.04.8
PAT margin % —— 24.7%——
EPS (₹) -11.3%+326.0% 2.130.502.40

Quality of profit

Pre-tax profit ₹5.8 Cr: core business −₹0.4 Cr, other income ₹6.2 Cr.

Core profit YoY: to loss · reported profit -11.3%

Cash & debt

FY25 cash from operations −₹8.3 Cr: -63% of FY25 net profit of ₹13.2 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4.0₹17.2 +328.8% above
Net profit₹3.1₹4.3 +37.6% above

Duncan Engineering Ltd

504908 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -47% below its own trend
  • Operating margin contracted 240 bps YoY
  • 45% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -64%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -35.8%+1.2% 18.218.028.4
Operating profit -48.7%+8.0% 1.81.63.4
OPM % -240 bps+61 bps 9.6%9.0%12.0%
Other income +32.8%+5.2% 0.80.80.6
Net profit -42.9%+13.7% 1.41.22.5
PAT margin % -96 bps+85 bps 7.7%6.9%8.7%
EPS (₹) -43.0%+13.7% 3.813.356.68

Quality of profit

Core 55%Other income & one-offs 45%

Pre-tax profit ₹1.8 Cr: core business ₹1.0 Cr, other income ₹0.8 Cr.

Core profit YoY: -64.1% · reported profit -42.9%

Cash & debt

FY25 cash from operations ₹6.6 Cr: 127% of FY25 net profit of ₹5.2 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹35.1₹18.2 -48.1% below
Net profit₹2.7₹1.4 -47.1% below

Stovec Industries Ltd

504959 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -43% below its own trend
  • Operating margin contracted 331 bps YoY
  • 71% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -84%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -28.8%-28.0% 40.956.857.4
Operating profit -58.8%-49.0% 1.93.64.5
OPM % -331 bps-188 bps 4.5%6.4%7.9%
Other income +1.8%-34.9% 1.11.81.1
Net profit -61.2%-59.5% 1.23.03.1
PAT margin % -245 bps-228 bps 2.9%5.2%5.4%
EPS (₹) -61.1%-59.4% 5.7514.1814.80

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹1.6 Cr: core business ₹0.5 Cr, other income ₹1.1 Cr.

Core profit YoY: -83.6% · reported profit -61.2%

Cash & debt

Borrowings nil at Dec 2024.

Against its own trend ?

TrendActualGap
Sales₹54.3₹40.9 -24.8% below
Net profit₹2.1₹1.2 -43.2% below

ZF Steering Gear India Ltd

505163 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -274% below its own trend
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.4%-9.3% 121133111
Operating profit +8.6%-31.9% 12.418.111.4
OPM % +2 bps-339 bps 10.3%13.6%10.2%
Other income -82.4%-82.4% 0.95.45.4
Net profit? to lossto loss -1.57.21.7
PAT margin % -279 bps-662 bps -1.2%5.4%1.5%
EPS (₹) to lossto loss -0.438.781.90

Quality of profit

Pre-tax profit ₹0.1 Cr: core business −₹0.9 Cr, other income ₹0.9 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹40.0 Cr: 318% of FY25 net profit of ₹12.6 Cr.

Borrowings ₹100 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹115₹121 +4.6% in line
Net profit₹0.9−₹1.5 -274.4% below

Lakshmi Engineering And Warehousing Ltd

505302 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +32% above its own trend
  • Operating margin expanded 910 bps YoY
  • 45% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +112%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +18.8%+29.0% 3.93.03.3
Operating profit +72.7%+96.6% 1.10.60.7
OPM % +910 bps+1001 bps 29.2%19.1%20.1%
Other income +15.4%-25.0% 0.30.40.3
Net profit +9.4%+141.7% 0.60.20.5
PAT margin % -128 bps+691 bps 14.8%7.9%16.1%
EPS (₹) +9.5%+141.5% 8.673.597.92

Quality of profit

Core 54%Other income & one-offs 46%

Pre-tax profit ₹0.7 Cr: core business ₹0.4 Cr, other income ₹0.3 Cr.

Core profit YoY: +111.8% · reported profit +9.4%

Cash & debt

FY25 cash from operations ₹5.0 Cr: 592% of FY25 net profit of ₹0.8 Cr.

Borrowings ₹10.1 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3.1₹3.9 +28.2% above
Net profit₹0.4₹0.6 +32.2% above

Bimetal Bearings Ltd

505681 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • 41% 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 +7.2%-6.3% 67.171.762.6
Operating profit +6.1%-38.3% 3.35.43.1
OPM % -6 bps-258 bps 5.0%7.5%5.0%
Other income -10.2%-45.5% 1.12.11.3
Net profit? +1.0%-53.3% 2.04.22.0
PAT margin % -18 bps-297 bps 2.9%5.9%3.1%
EPS (₹) +1.2%-53.2% 5.1811.085.12

Quality of profit

Core 59%Other income & one-offs 41%

Pre-tax profit ₹2.8 Cr: core business ₹1.7 Cr, other income ₹1.1 Cr.

Core profit YoY: +54.6% · reported profit +1.0%

Cash & debt

FY25 cash from operations ₹13.0 Cr: 115% of FY25 net profit of ₹11.3 Cr.

Borrowings ₹9.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹66.2₹67.1 +1.4% in line
Net profit₹1.9₹2.0 +2.3% in line

Brady & Morris Engineering Company Ltd

505690 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -82% below its own trend
  • Operating margin contracted 1054 bps YoY
  • 98% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -44.5%-34.5% 13.019.823.4
Operating profit -84.1%-73.8% 0.62.13.5
OPM % -1054 bps-635 bps 4.2%10.6%14.8%
Other income +333.3%+47.7% 0.70.40.1
Net profit -80.2%-68.8% 0.51.52.4
PAT margin % -668 bps-407 bps 3.7%7.8%10.4%
EPS (₹) -80.3%-68.9% 2.136.8410.80

Quality of profit

Core 2%Other income & one-offs 98%

Pre-tax profit ₹0.7 Cr: core business ₹0.0 Cr, other income ₹0.7 Cr.

Core profit YoY: -99.7% · reported profit -80.2%

Cash & debt

FY25 cash from operations −₹1.0 Cr: -4% of FY25 net profit of ₹24.0 Cr.

Borrowings ₹8.8 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹24.1₹13.0 -46.2% below
Net profit₹2.7₹0.5 -82.3% below

La Tim Metal & Industries Ltd

505693 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -55% below its own trend
  • 28% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +61%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +40.7%+1.7% 89.087.663.3
Operating profit +24.7%-24.1% 3.34.42.7
OPM % -48 bps-127 bps 3.7%5.0%4.2%
Other income -73.7%-75.5% 0.52.01.9
Net profit -43.7%-27.6% 1.52.02.6
PAT margin % -247 bps-67 bps 1.7%2.3%4.1%
EPS (₹) -45.0%-31.2% 0.110.160.20

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹1.7 Cr: core business ₹1.2 Cr, other income ₹0.5 Cr.

Core profit YoY: +61.0% · reported profit -43.7%

Cash & debt

FY25 cash from operations −₹4.0 Cr.

Borrowings ₹43.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹51.6₹89.0 +72.5% above
Net profit₹3.3₹1.5 -55.1% below

Singer India Ltd

505729 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +73% above its own trend
  • Operating margin expanded 242 bps YoY
  • 31% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +30.4%+49.7% 13892.1106
Operating profit +500.0%from loss 4.3-3.70.7
OPM % +242 bps+715 bps 3.1%-4.1%0.7%
Other income +1.2%+21.6% 1.61.31.6
Net profit +201.6%from loss 3.8-2.41.3
PAT margin % +158 bps+534 bps 2.8%-2.6%1.2%
EPS (₹) +195.2%from loss 0.62-0.380.21

Quality of profit

Core 69%Other income & one-offs 31%

Pre-tax profit ₹5.2 Cr: core business ₹3.6 Cr, other income ₹1.6 Cr.

Core profit YoY: — · reported profit +201.6%

Cash & debt

FY25 cash from operations −₹25.0 Cr: -338% of FY25 net profit of ₹7.4 Cr.

Borrowings ₹1.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹108₹138 +27.9% above
Net profit₹2.2₹3.8 +73.5% 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.

⚠️ 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