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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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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505737
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -49% below its own trend Operating margin contracted 133 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
+18.0% +25.8%
75.3 59.9 63.8 Operating profit
-18.7% +65.7%
2.2 1.3 2.7 OPM %
-133 bps +71 bps
2.9% 2.2% 4.3% Other income
-40.0% -44.2%
0.2 0.4 0.4 Net profit
-42.9% from loss 0.1 -0.9 0.2 PAT margin %
-17 bps +171 bps
0.2% -1.6% 0.3% EPS (₹)
-43.2% from loss 0.50 -3.89 0.88
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
· reported profit -42.9%
Cash & debt
FY25 cash from operations ₹12.0 Cr:
80% of FY25 net profit of ₹14.9 Cr.
Borrowings ₹33.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹66.2 ₹75.3
+13.8% above Net profit ₹0.2 ₹0.1
-49.0% below
505750
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -88% below its own trend Operating margin contracted 688 bps YoY 50% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 28% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-14.3% -3.6%
54.0 56.0 63.0 Operating profit
-55.6% +33.3%
4.0 3.0 9.0 OPM %
-688 bps +205 bps
7.4% 5.4% 14.3% Other income
— —
0.0 0.0 0.0 Net profit?
-80.0% —
1.0 0.0 5.0 PAT margin %
-608 bps +185 bps
1.9% 0.0% 7.9% EPS (₹)
— +151.9%
0.68 0.27 4.42
No EPS growth against Sep 2024: ₹2 to ₹1 split in Nov 2024.
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹1.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -87.5%
· reported profit -80.0%
Cash & debt
FY25 cash from operations ₹5.0 Cr:
28% of FY25 net profit of ₹18.0 Cr.
Borrowings ₹23.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹70.2 ₹54.0
-23.0% below Net profit ₹8.3 ₹1.0
-88.0% below
505840
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
98% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 29% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+0.4% +22.6%
7.4 6.1 7.4 Operating profit
+10.0% +46.7%
0.2 0.1 0.2 OPM %
+26 bps +49 bps
3.0% 2.5% 2.7% Other income
— —
3.0 0.1 0.0 Net profit
— —
3.1 0.1 0.1 PAT margin %
+4086 bps +4098 bps
41.8% 0.8% 0.9% EPS (₹)
— —
5.10 0.08 0.11
Quality of profit
Pre-tax profit ₹3.1 Cr: core business ₹0.1 Cr, other income ₹3.0 Cr.
Core profit YoY: +40.0%
Cash & debt
FY25 cash from operations ₹0.1 Cr:
29% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹4.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.5 ₹7.4
-12.6% below
506122
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
34% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— +36.7%
1.2 0.9 0.0 Operating profit
from loss from loss 0.6 -1.9 -0.1 OPM %
— —
46.3% — — Other income
-45.5% -20.0%
0.2 0.3 0.4 Net profit
+112.1% from loss 0.7 -1.7 0.3 PAT margin %
— —
56.9% — — EPS (₹)
+115.3% from loss 5.92 -14.71 2.75
Quality of profit
Pre-tax profit ₹0.7 Cr: core business ₹0.5 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
· reported profit +112.1%
Cash & debt
FY25 cash from operations −₹0.7 Cr.
Borrowings ₹2.2 Cr at Mar 2025.
506134
· 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
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+14.3% +5.1%
47.4 45.1 41.5 Operating profit
+21.4% +15.6%
7.5 6.5 6.2 OPM %
+92 bps +143 bps
15.8% 14.4% 14.9% Other income
+145.5% +8.0%
0.8 0.8 0.3 Net profit?
from loss from loss 0.5 -0.7 -0.7 PAT margin %
+283 bps +262 bps
1.1% -1.5% -1.7% EPS (₹)
from loss from loss 0.02 -0.03 -0.05
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.5 Cr, other income ₹0.8 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹28.0 Cr.
Borrowings ₹98.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹47.8 ₹47.4
-0.9% in line
506520
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 156 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
+28.8% +15.4%
4.9 4.2 3.8 Operating profit
loss narrowed loss narrowed -0.2 -0.3 -0.2 OPM %
+156 bps +306 bps
-4.5% -7.6% -6.1% Other income
-13.2% +6.5%
0.3 0.3 0.4 Net profit
-23.1% from loss 0.1 -0.0 0.1 PAT margin %
-138 bps +252 bps
2.0% -0.5% 3.4% EPS (₹)
-25.0% from loss 0.03 -0.01 0.04
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
· reported profit -23.1%
Cash & debt
FY25 cash from operations −₹0.8 Cr.
Borrowings ₹0.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.5 ₹4.9
+8.4% above
506528
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -12% below its own trend 34% 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
+14.2% -18.2%
117 143 103 Operating profit
+7.4% -34.3%
8.2 12.6 7.7 OPM %
-44 bps -172 bps
7.0% 8.8% 7.5% Other income
+33.3% +146.2%
2.9 1.2 2.2 Net profit
+11.5% -24.5%
6.2 8.2 5.6 PAT margin %
-13 bps -44 bps
5.3% 5.7% 5.4% EPS (₹)
+11.5% -24.5%
62.00 82.10 55.60
Quality of profit
Pre-tax profit ₹8.4 Cr: core business ₹5.5 Cr, other income ₹2.9 Cr.
Core profit YoY: +14.2%
· reported profit +11.5%
Cash & debt
FY25 cash from operations −₹18.0 Cr:
-72% of FY25 net profit of ₹24.9 Cr.
Borrowings ₹39.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹116 ₹117
+0.9% in line Net profit ₹7.0 ₹6.2
-11.8% below
506543
· 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
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— —
0.0 0.0 0.0 Operating profit
— loss widened -0.1 -0.1 -0.1 Other income
+0.0% +11.1%
0.1 0.1 0.1 Net profit
+0.0% -50.0%
0.0 0.0 0.0 EPS (₹)
+0.0% -33.3%
0.02 0.03 0.02
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: —
· reported profit +0.0%
Cash & debt
FY25 cash from operations −₹0.3 Cr:
-600% of FY25 net profit of ₹0.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.0 ₹0.0
+0.0% in line
506579
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +25% above its own trend Operating margin contracted 1039 bps YoY 74% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -92%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-6.7% +43.3%
29.9 20.9 32.1 Operating profit
-68.6% -42.3%
1.6 2.7 5.0 OPM %
-1039 bps -783 bps
5.3% 13.1% 15.7% Other income
+28.8% +46.9%
0.9 0.6 0.7 Net profit?
-37.5% -76.3%
0.9 3.8 1.4 PAT margin %
-148 bps -1513 bps
3.0% 18.1% 4.5% EPS (₹)
+0.0% -93.7%
0.20 3.17 0.20
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹0.3 Cr, other income ₹0.9 Cr.
Core profit YoY: -91.7%
· reported profit -37.5%
Cash & debt
FY25 cash from operations ₹8.0 Cr:
61% of FY25 net profit of ₹13.1 Cr.
Borrowings ₹3.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹44.8 ₹29.9
-33.1% below Net profit ₹0.7 ₹0.9
+25.0% above
506605
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1544 bps YoY 44% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+36.2% -22.8%
10.1 13.1 7.4 Operating profit
from loss -63.8%
0.8 2.4 -0.5 OPM %
+1544 bps -956 bps
8.4% 18.0% -7.0% Other income
-31.4% -85.7%
0.5 3.4 0.7 Net profit?
from loss -81.0%
0.9 4.8 -0.2 PAT margin %
+1182 bps -2791 bps
9.1% 37.0% -2.7% EPS (₹)
from loss -78.8%
17.82 83.91 -11.39
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.6 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹2.0 Cr:
52% of FY25 net profit of ₹3.8 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.6 ₹10.1
+81.3% above
506640
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -83% 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
-100.0% —
0.0 0.0 1.5 Operating profit
to loss loss widened -0.2 -0.1 0.1 Other income
-27.8% +13.0%
0.5 0.5 0.7 Net profit
-66.7% -12.9%
0.3 0.3 0.8 EPS (₹)
-66.5% -12.6%
0.76 0.87 2.27
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.2 Cr, other income ₹0.5 Cr.
Core profit YoY: to loss
· reported profit -66.7%
Cash & debt
FY25 cash from operations ₹31.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹1.6 ₹0.3
-83.3% below
506687
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -34% below its own trend Operating margin expanded 281 bps YoY 30% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +75%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-1.5% +3.9%
160 154 163 Operating profit
+18.5% +10.9%
26.7 24.1 22.5 OPM %
+281 bps +105 bps
16.6% 15.6% 13.8% Other income
-1.2% -56.9%
5.0 11.7 5.1 Net profit
+32.4% -18.9%
12.6 15.6 9.6 PAT margin %
+202 bps -222 bps
7.9% 10.1% 5.9% EPS (₹)
+32.3% -18.9%
22.63 27.89 17.10
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹11.9 Cr, other income ₹5.0 Cr.
Core profit YoY: +75.2%
· reported profit +32.4%
Cash & debt
FY25 cash from operations ₹135 Cr:
277% of FY25 net profit of ₹48.7 Cr.
Borrowings ₹94.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹184 ₹160
-12.9% below Net profit ₹19.1 ₹12.6
-33.8% below
506858
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -37% below its own trend Operating margin expanded 417 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
+6.8% -15.7%
4.2 5.0 4.0 Operating profit
loss narrowed loss widened -0.2 -0.0 -0.4 OPM %
+417 bps -529 bps
-5.9% -0.6% -10.1% Other income
-9.8% -11.9%
0.7 0.8 0.8 Net profit
-40.7% -45.8%
0.3 0.6 0.5 PAT margin %
-604 bps -418 bps
7.5% 11.7% 13.6% EPS (₹)
-40.0% -45.5%
0.54 0.99 0.90
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.3 Cr, other income ₹0.7 Cr.
Core profit YoY: loss narrowed
· reported profit -40.7%
Cash & debt
FY25 cash from operations −₹3.0 Cr:
-205% of FY25 net profit of ₹1.5 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.1 ₹4.2
-16.4% below Net profit ₹0.5 ₹0.3
-37.4% below
506919
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
28% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +98%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+15.6% -2.4%
34.2 35.0 29.6 Operating profit
+4.1% -24.3%
2.3 3.0 2.2 OPM %
-73 bps -193 bps
6.7% 8.6% 7.4% Other income
-96.6% +33.3%
0.4 0.3 10.6 Net profit?
-92.4% -42.6%
0.7 1.3 9.8 PAT margin %
-3084 bps -152 bps
2.2% 3.7% 33.0% EPS (₹)
to loss to loss -0.20 0.75 14.95
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹0.9 Cr, other income ₹0.4 Cr.
Core profit YoY: +97.9%
· reported profit -92.4%
Cash & debt
FY25 cash from operations −₹4.0 Cr:
-37% of FY25 net profit of ₹10.9 Cr.
Borrowings ₹8.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹34.9 ₹34.2
-2.2% in line
506935
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +338% 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
+0.0% +0.0%
0.1 0.1 0.1 Operating profit
loss narrowed loss widened -0.2 -0.1 -0.2 Other income
+16.7% +0.0%
0.3 0.3 0.3 Net profit
+300.0% -14.3%
0.1 0.1 0.0 EPS (₹)
+307.7% -14.5%
0.53 0.62 0.13
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
· reported profit +300.0%
Cash & debt
FY25 cash from operations −₹0.1 Cr:
-23% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹0.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.1
-16.7% below Net profit ₹0.0 ₹0.1
+337.6% above
506979
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +999% above its own trend Operating margin expanded 466 bps YoY 47% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+103.1% +23.7%
5.9 4.8 2.9 Operating profit
+255.6% +88.2%
0.6 0.3 0.2 OPM %
+466 bps +372 bps
10.9% 7.1% 6.2% Other income
-19.2% +133.3%
0.2 0.1 0.3 Net profit
+650.0% —
0.5 0.0 0.1 PAT margin %
+557 bps +743 bps
7.6% 0.2% 2.1% EPS (₹)
+245.5% —
0.38 0.01 0.11
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
· reported profit +650.0%
Cash & debt
FY25 cash from operations ₹0.5 Cr:
152% of FY25 net profit of ₹0.3 Cr.
Borrowings ₹23.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.4 ₹5.9
+72.8% above Net profit ₹0.0 ₹0.5
+999.0% above
507498
· 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
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-100.0% —
0.0 0.0 2.6 Operating profit
loss narrowed loss widened -0.3 -0.2 -0.6 Other income
— +186.5%
2.5 0.9 0.0 Net profit
from loss from loss 1.6 -0.1 -1.2 EPS (₹)
from loss from loss 0.70 -0.04 -0.52
Quality of profit
Pre-tax profit ₹1.8 Cr: core business −₹0.8 Cr, other income ₹2.5 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹19.7 Cr.
Borrowings ₹23.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.4 ₹0.0
-100.0% below
507515
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 352 bps YoY 50% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+20.2% +43.2%
12.1 8.4 10.1 Operating profit
+628.6% +59.4%
0.5 0.3 0.1 OPM %
+352 bps +43 bps
4.2% 3.8% 0.7% Other income
-80.0% -66.7%
0.0 0.0 0.1 Net profit
from loss from loss 0.0 -0.1 -0.2 PAT margin %
+272 bps +199 bps
0.3% -1.7% -2.4% EPS (₹)
from loss from loss 0.08 -0.29 -0.50
Quality of profit
Pre-tax profit ₹0.0 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹0.5 Cr:
1533% of FY25 net profit of ₹0.0 Cr.
Borrowings ₹21.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.4 ₹12.1
+16.8% above
507598
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 259 bps YoY 47% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-4.8% +4.3%
104 99.6 109 Operating profit
+109.8% -7.9%
4.9 5.3 2.4 OPM %
+259 bps -62 bps
4.7% 5.4% 2.2% Other income
+0.0% -84.2%
0.5 3.3 0.5 Net profit
from loss -79.4%
0.8 3.6 -0.6 PAT margin %
+128 bps -293 bps
0.7% 3.7% -0.6% EPS (₹)
from loss -79.4%
0.83 4.03 -0.67
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.6 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹41.0 Cr:
4316% of FY25 net profit of ₹1.0 Cr.
Borrowings ₹67.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹111 ₹104
-6.4% below
507645
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +16% above its own trend 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+1.9% -8.5%
21.6 23.6 21.2 Operating profit
-3.5% -5.1%
3.5 3.7 3.7 OPM %
-93 bps +58 bps
16.5% 15.9% 17.4% Other income
+73.1% +28.6%
0.5 0.3 0.3 Net profit
+6.1% -0.8%
1.2 1.2 1.1 PAT margin %
+22 bps +44 bps
5.7% 5.2% 5.4% EPS (₹)
+6.1% -0.8%
61.00 61.50 57.50
Quality of profit
Pre-tax profit ₹1.7 Cr: core business ₹1.2 Cr, other income ₹0.5 Cr.
Core profit YoY: -6.9%
· reported profit +6.1%
Cash & debt
FY25 cash from operations ₹17.2 Cr:
329% of FY25 net profit of ₹5.2 Cr.
Borrowings ₹43.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹21.0 ₹21.6
+2.9% in line Net profit ₹1.1 ₹1.2
+16.1% above
507690
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +535% above its own trend All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+4.1% -11.2%
41.6 46.9 40.0 Operating profit
+21.6% -38.2%
1.5 2.5 1.2 OPM %
+53 bps -160 bps
3.7% 5.2% 3.1% Other income
+11.4% -11.1%
2.2 2.5 2.0 Net profit?
+217.4% -57.1%
0.7 1.7 0.2 PAT margin %
+118 bps -187 bps
1.8% 3.6% 0.6% EPS (₹)
+218.9% -57.0%
3.38 7.86 1.06
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹1.2 Cr, other income ₹2.2 Cr.
Core profit YoY: loss narrowed
· reported profit +217.4%
Cash & debt
FY25 cash from operations ₹0.0 Cr:
0% of FY25 net profit of ₹3.0 Cr.
Borrowings ₹76.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹42.6 ₹41.6
-2.3% in line Net profit ₹0.1 ₹0.7
+534.8% above
507813
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 763 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
-40.0% -16.0%
6.4 7.6 10.6 Operating profit
to loss loss narrowed -0.5 -1.0 0.1 OPM %
-763 bps +652 bps
-7.1% -13.6% 0.6% Other income
— —
8.4 0.1 0.1 Net profit
from loss from loss 7.0 -1.9 -1.2 EPS (₹)
from loss from loss 13.96 -3.71 -2.36
Quality of profit
Pre-tax profit ₹7.0 Cr: core business −₹1.3 Cr, other income ₹8.4 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹0.2 Cr.
Borrowings ₹30.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.9 ₹6.4
-28.6% below
507817
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -95% below its own trend Operating margin expanded 531 bps YoY 58% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+5.6% +5.0%
29.3 27.9 27.8 Operating profit
+41.4% +2.3%
6.2 6.0 4.3 OPM %
+531 bps -54 bps
21.0% 21.5% 15.7% Other income
+175.0% -45.0%
0.1 0.2 0.0 Net profit
-95.3% +100.0%
0.0 0.0 0.4 PAT margin %
-148 bps +3 bps
0.1% 0.0% 1.5% EPS (₹)
-95.0% +133.3%
0.07 0.03 1.41
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: -84.6%
· reported profit -95.3%
Cash & debt
FY25 cash from operations ₹17.0 Cr:
1133% of FY25 net profit of ₹1.5 Cr.
Borrowings ₹126 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹28.0 ₹29.3
+4.9% in line Net profit ₹0.4 ₹0.0
-95.4% below
507852
· Q2 FY26 · Consolidated
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 widened loss widened -0.4 -0.3 -0.3 Other income
-0.7% -2.1%
1.4 1.4 1.4 Net profit?
-6.2% -9.5%
0.8 0.8 0.8 EPS (₹)
-6.7% -10.3%
0.70 0.78 0.75
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 -6.2%
Cash & debt
FY25 cash from operations ₹2.2 Cr:
54% of FY25 net profit of ₹4.0 Cr.
Borrowings ₹0.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.8 ₹0.8
-6.9% in line
507912
· 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 Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
to loss to loss -7.5 11.0 16.1 Operating profit
to loss to loss -12.9 9.2 14.7 Other income
— —
17.7 0.0 0.0 Net profit
-66.9% +7.0%
5.0 4.7 15.2 PAT margin %
-16159 bps -10946 bps
-66.9% 42.6% 94.7% EPS (₹)
-67.2% +6.6%
0.65 0.61 1.98
Quality of profit
Pre-tax profit ₹3.3 Cr: core business −₹14.5 Cr, other income ₹17.7 Cr.
Core profit YoY: to loss
· reported profit -66.9%
Cash & debt
FY25 cash from operations −₹107 Cr:
-1037% of FY25 net profit of ₹10.3 Cr.
Borrowings ₹36.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.7 −₹7.5
-177.6% below Net profit ₹8.9 ₹5.0
-43.8% below
507960
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +39% above its own trend 49% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +29%) FY25 operating cash flow was only 41% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+29.6% +13.6%
0.9 0.8 0.7 Operating profit
+28.8% +10.1%
0.8 0.7 0.6 OPM %
-49 bps -258 bps
82.6% 85.2% 83.1% Other income
-13.1% -31.1%
0.7 1.1 0.8 Net profit
+65.3% -15.0%
1.2 1.4 0.7 EPS (₹)
+65.3% -15.1%
3.14 3.70 1.90
Quality of profit
Pre-tax profit ₹1.5 Cr: core business ₹0.8 Cr, other income ₹0.7 Cr.
Core profit YoY: +29.3%
· reported profit +65.3%
Cash & debt
FY25 cash from operations ₹2.1 Cr:
41% of FY25 net profit of ₹5.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.9 ₹0.9
+7.8% above Net profit ₹0.9 ₹1.2
+39.3% above
507968
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -25% below its own trend Operating margin contracted 250 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
-37.5% +25.0%
0.1 0.0 0.1 Operating profit
loss narrowed to loss -0.0 0.0 -0.0 OPM %
-250 bps -6500 bps
-40.0% 25.0% -37.5% Other income
+0.0% —
0.1 0.0 0.1 Net profit
+50.0% +200.0%
0.0 0.0 0.0 PAT margin %
+3500 bps +3500 bps
60.0% 25.0% 25.0% EPS (₹)
+33.3% +300.0%
0.04 0.01 0.03
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit +50.0%
Cash & debt
FY25 cash from operations −₹0.5 Cr:
-164% of FY25 net profit of ₹0.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.1
-55.4% below Net profit ₹0.0 ₹0.0
-25.0% below
507970
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +999% above its own trend Operating margin contracted 132 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
+69.4% +85.7%
8.7 4.7 5.1 Operating profit
+32.3% -6.8%
0.4 0.4 0.3 OPM %
-132 bps -468 bps
4.7% 9.4% 6.0% Other income
-11.5% -34.3%
0.2 0.3 0.3 Net profit
— from loss 0.1 -0.1 0.0 PAT margin %
+130 bps +278 bps
1.5% -1.3% 0.2% EPS (₹)
— from loss 0.27 -0.12 0.02
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.0 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹1.4 Cr:
7000% of FY25 net profit of ₹0.0 Cr.
Borrowings ₹11.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.3 ₹8.7
+63.5% above Net profit ₹0.0 ₹0.1
+999.0% above
508670
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +23% above its own trend Operating margin contracted 1944 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
-22.7% -24.3%
4.9 6.4 6.3 Operating profit
loss widened loss widened -1.0 -0.2 -0.0 OPM %
-1944 bps -1681 bps
-19.9% -3.1% -0.5% Other income
+12.6% -17.3%
7.2 8.7 6.4 Net profit?
-12.1% -30.1%
5.4 7.7 6.1 EPS (₹)
-12.1% -30.1%
86.48 123.77 98.38
Quality of profit
Pre-tax profit ₹5.8 Cr: core business −₹1.5 Cr, other income ₹7.2 Cr.
Core profit YoY: loss widened
· reported profit -12.1%
Cash & debt
FY25 cash from operations −₹4.0 Cr:
-17% of FY25 net profit of ₹23.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.4 ₹4.9
-9.1% below Net profit ₹4.4 ₹5.4
+23.1% above
508807
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -42% below its own trend Operating margin expanded 835 bps YoY 52% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +7%) FY25 operating cash flow was only 30% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-6.5% -2.4%
28.7 29.4 30.7 Operating profit
+6.1% -4.6%
20.2 21.2 19.1 OPM %
+835 bps -166 bps
70.5% 72.2% 62.2% Other income
-50.5% -73.2%
19.4 72.4 39.3 Net profit?
-39.2% -60.4%
28.6 72.3 47.1 PAT margin %
— —
99.8% — — EPS (₹)
-39.2% -60.4%
24.55 62.03 40.40
Quality of profit
Pre-tax profit ₹37.5 Cr: core business ₹18.0 Cr, other income ₹19.4 Cr.
Core profit YoY: +7.1%
· reported profit -39.2%
Cash & debt
FY25 cash from operations ₹42.0 Cr:
30% of FY25 net profit of ₹140 Cr.
Borrowings ₹6.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹30.6 ₹28.7
-6.3% below Net profit ₹49.3 ₹28.6
-42.0% 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 14 Oct 2026, 00:15 IST
