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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508905
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +213% above its own trend Operating margin expanded 1766 bps YoY 54% 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
+31.2% -50.2%
8.3 16.7 6.3 Operating profit
from loss -29.4%
1.0 1.4 -0.3 OPM %
+1766 bps +358 bps
12.1% 8.6% -5.5% Other income
-20.9% -8.9%
0.7 0.8 0.9 Net profit?
+300.0% -21.3%
1.0 1.3 0.2 PAT margin %
+808 bps +441 bps
12.0% 7.6% 3.9% EPS (₹)
+280.0% -20.8%
1.14 1.44 0.30
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹0.6 Cr, other income ₹0.7 Cr.
Core profit YoY: from loss
· reported profit +300.0%
Cash & debt
FY25 cash from operations −₹3.0 Cr:
-256% of FY25 net profit of ₹1.2 Cr.
Borrowings ₹3.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.8 ₹8.3
+6.9% above Net profit ₹0.3 ₹1.0
+213.4% above
508929
· 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 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 loss widened -0.2 -0.1 -0.1 Other income
— +4.3%
0.5 0.5 0.0 Net profit
from loss -9.1%
0.2 0.2 -0.2 EPS (₹)
from loss -10.0%
0.09 0.10 -0.09
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.2 Cr, other income ₹0.5 Cr.
Cash & debt
FY25 cash from operations −₹15.0 Cr:
-344% of FY25 net profit of ₹4.4 Cr.
Borrowings ₹2.1 Cr at Mar 2025.
508941
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +13% above its own trend Operating margin expanded 844 bps YoY 35% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +68%) FY25 operating cash flow was only 38% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+28.8% +7.8%
17.1 15.9 13.3 Operating profit
+65.5% +18.5%
6.5 5.5 3.9 OPM %
+844 bps +345 bps
38.1% 34.6% 29.6% Other income
+14.3% +7.3%
3.4 3.1 2.9 Net profit
+18.9% -6.0%
5.9 6.3 5.0 PAT margin %
-289 bps -509 bps
34.6% 39.7% 37.5% EPS (₹)
+18.8% -6.0%
12.33 13.12 10.38
Quality of profit
Pre-tax profit ₹9.7 Cr: core business ₹6.3 Cr, other income ₹3.4 Cr.
Core profit YoY: +67.7%
· reported profit +18.9%
Cash & debt
FY25 cash from operations ₹8.0 Cr:
38% of FY25 net profit of ₹20.8 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.5 ₹17.1
+26.7% above Net profit ₹5.2 ₹5.9
+13.1% above
509046
· 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 narrowed loss narrowed -0.0 -0.1 -0.1 Other income
+0.0% +0.0%
0.1 0.1 0.1 Net profit
+80.0% +350.0%
0.1 0.0 0.1 EPS (₹)
+80.0% +350.0%
0.18 0.04 0.10
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit +80.0%
Cash & debt
FY25 cash from operations −₹0.2 Cr:
-51% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹0.1 Cr at Mar 2025.
509084
· 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
-42.9% -33.3%
0.0 0.1 0.1 Operating profit
loss widened loss narrowed -0.1 -0.1 -0.1 Other income
+24.0% +287.5%
0.3 0.1 0.2 Net profit?
+15.8% from loss 0.2 -0.0 0.2 EPS (₹)
+15.1% from loss 1.45 -0.20 1.26
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.1 Cr, other income ₹0.3 Cr.
Core profit YoY: loss widened
· reported profit +15.8%
Cash & debt
FY25 cash from operations −₹0.5 Cr.
Borrowings ₹0.0 Cr at Sep 2025, against ₹0.0 Cr at Mar 2025 (-33% ).
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.0
-42.9% below
509162
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +85% above its own trend Operating margin expanded 349 bps YoY 72% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-15.4% +16.7%
52.5 45.0 62.1 Operating profit
+111.0% —
3.1 0.3 1.4 OPM %
+349 bps +525 bps
5.8% 0.6% 2.3% Other income
-36.5% -8.3%
2.6 2.9 4.2 Net profit?
-7.7% +236.5%
2.9 0.8 3.1 PAT margin %
+45 bps +356 bps
5.4% 1.9% 5.0% EPS (₹)
-8.2% +141.2%
1.23 0.51 1.34
Quality of profit
Pre-tax profit ₹3.7 Cr: core business ₹1.1 Cr, other income ₹2.6 Cr.
Core profit YoY: from loss
· reported profit -7.7%
Cash & debt
FY25 cash from operations ₹3.0 Cr:
64% of FY25 net profit of ₹4.7 Cr.
Borrowings ₹9.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹55.6 ₹52.5
-5.6% below Net profit ₹1.6 ₹2.9
+84.5% above
509423
· 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
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss widened -0.1 -0.0 -0.1 Other income
-66.7% —
0.1 0.0 0.2 Net profit
from loss from loss 0.0 -0.0 -3.7 EPS (₹)
from loss from loss 0.03 -0.13 -11.65
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.4 Cr.
Borrowings ₹14.3 Cr at Mar 2025.
509449
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 3192 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
-6.5% +93.3%
0.3 0.1 0.3 Operating profit
loss narrowed loss narrowed -0.2 -0.3 -0.3 OPM %
+3192 bps —
-55.2% — -87.1% Other income
+150.0% +7.1%
0.3 0.3 0.1 Net profit
from loss from loss 0.1 -0.0 -0.2 PAT margin %
+9922 bps +5793 bps
37.9% -20.0% -61.3% EPS (₹)
from loss from loss 0.48 -0.13 -0.82
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.6 Cr.
Borrowings ₹1.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.3 ₹0.3
-5.2% below
509472
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +131% above its own trend Operating margin expanded 169 bps YoY 62% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +46%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-6.5% +122.4%
51.5 23.1 55.0 Operating profit
+36.8% from loss 2.8 -6.1 2.0 OPM %
+169 bps +3176 bps
5.3% -26.4% 3.7% Other income
+77.6% -27.1%
3.8 5.2 2.1 Net profit?
+97.0% from loss 5.2 -1.4 2.6 PAT margin %
+533 bps +1607 bps
10.1% -5.9% 4.8% EPS (₹)
+97.1% from loss 20.20 -5.30 10.25
Quality of profit
Pre-tax profit ₹6.1 Cr: core business ₹2.3 Cr, other income ₹3.8 Cr.
Core profit YoY: +46.2%
· reported profit +97.0%
Cash & debt
FY25 cash from operations ₹3.0 Cr:
62% of FY25 net profit of ₹4.8 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹51.1 ₹51.5
+0.8% in line Net profit ₹2.3 ₹5.2
+131.2% above
509525
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +14% above its own trend 36% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+10.4% +7.8%
180 167 163 Operating profit
+10.5% +40.0%
21.0 15.0 19.0 OPM %
+1 bps +268 bps
11.7% 9.0% 11.7% Other income
+25.0% +66.7%
5.0 3.0 4.0 Net profit
+20.0% +20.0%
12.0 10.0 10.0 PAT margin %
+53 bps +68 bps
6.7% 6.0% 6.1% EPS (₹)
+26.3% +28.8%
20.65 16.03 16.35
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹9.0 Cr, other income ₹5.0 Cr.
Core profit YoY: +12.5%
· reported profit +20.0%
Cash & debt
FY25 cash from operations ₹92.0 Cr:
263% of FY25 net profit of ₹35.0 Cr.
Borrowings ₹150 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹183 ₹180
-1.8% in line Net profit ₹10.5 ₹12.0
+14.3% above
509835
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -80% below its own trend Operating margin contracted 1740 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
+67.7% +29.2%
4.2 3.2 2.5 Operating profit
loss widened —
-1.2 0.0 -0.3 OPM %
-1740 bps -2788 bps
-27.9% 0.0% -10.5% Other income
+189.1% +454.2%
1.3 0.2 0.5 Net profit
-90.0% -80.0%
0.0 0.1 0.1 PAT margin %
-379 bps -131 bps
0.2% 1.6% 4.0% EPS (₹)
-90.9% -81.8%
0.02 0.11 0.22
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹1.3 Cr, other income ₹1.3 Cr.
Core profit YoY: loss widened
· reported profit -90.0%
Cash & debt
FY25 cash from operations −₹3.5 Cr:
-236% of FY25 net profit of ₹1.5 Cr.
Borrowings ₹8.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.2 ₹4.2
+235.5% above Net profit ₹0.1 ₹0.0
-80.0% below
509845
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -95% 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
— —
0.0 0.0 0.0 Operating profit
loss widened loss widened -0.5 -0.4 -0.2 Other income
+42.9% -6.3%
0.6 0.6 0.4 Net profit
-93.8% -94.4%
0.0 0.2 0.2 EPS (₹)
-93.7% -94.4%
0.36 6.43 5.71
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.6 Cr, other income ₹0.6 Cr.
Core profit YoY: loss widened
· reported profit -93.8%
Cash & debt
FY25 cash from operations −₹1.8 Cr:
-31% of FY25 net profit of ₹5.8 Cr.
Borrowings ₹1.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.2 ₹0.0
-95.3% below
510245
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -41% below its own trend Operating margin contracted 2127 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
-6.3% +6.2%
7.9 7.4 8.4 Operating profit
to loss to loss -0.8 0.5 0.9 OPM %
-2127 bps -1715 bps
-10.7% 6.5% 10.6% Other income
— —
1.6 0.0 0.1 Net profit
-37.9% +44.0%
0.4 0.2 0.6 PAT margin %
-233 bps +120 bps
4.6% 3.4% 6.9% EPS (₹)
-33.3% +33.3%
0.04 0.03 0.06
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹1.3 Cr, other income ₹1.6 Cr.
Core profit YoY: to loss
· reported profit -37.9%
Cash & debt
FY25 cash from operations −₹1.2 Cr:
-49% of FY25 net profit of ₹2.4 Cr.
Borrowings ₹5.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.8 ₹7.9
-10.5% below Net profit ₹0.6 ₹0.4
-40.7% below
511018
· 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 loss widened -0.2 -0.0 -0.0 Other income
+208.3% -17.8%
0.7 0.9 0.2 Net profit
+85.7% -39.1%
0.4 0.6 0.2 EPS (₹)
+80.0% -40.0%
0.18 0.30 0.10
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.2 Cr, other income ₹0.7 Cr.
Core profit YoY: loss widened
· reported profit +85.7%
Cash & debt
FY25 cash from operations −₹11.2 Cr:
-1744% of FY25 net profit of ₹0.6 Cr.
Borrowings ₹39.9 Cr at Mar 2025.
511110
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +75% above its own trend Operating margin contracted 508 bps YoY 88% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -50%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-6.8% -29.2%
0.7 1.0 0.7 Operating profit
-50.0% —
0.0 0.0 0.1 OPM %
-508 bps +588 bps
5.9% 0.0% 11.0% Other income
+460.0% +3.7%
0.3 0.3 0.1 Net profit
+166.7% +20.0%
0.2 0.2 0.1 PAT margin %
+2297 bps +1446 bps
35.3% 20.8% 12.3% EPS (₹)
+165.0% +20.5%
0.53 0.44 0.20
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.0 Cr, other income ₹0.3 Cr.
Core profit YoY: -50.0%
· reported profit +166.7%
Cash & debt
FY25 cash from operations −₹8.3 Cr:
-1511% of FY25 net profit of ₹0.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.7 ₹0.7
-9.2% below Net profit ₹0.1 ₹0.2
+74.5% above
511131
· 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 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 loss narrowed -0.4 -0.4 -0.1 Other income
— +1.8%
0.6 0.6 0.0 Net profit
from loss +66.7%
0.1 0.0 -0.2 EPS (₹)
from loss +100.0%
0.04 0.02 -0.15
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.5 Cr, other income ₹0.6 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹4.4 Cr:
-10% of FY25 net profit of ₹45.5 Cr.
Borrowings ₹0.7 Cr at Mar 2025.
511176
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +212% above its own trend Operating margin expanded 7072 bps YoY 33% 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
+105.6% +131.2%
0.4 0.2 0.2 Operating profit
from loss from loss 0.2 -0.1 -0.0 OPM %
+7072 bps +12280 bps
54.1% -68.8% -16.7% Other income
-54.5% -54.5%
0.1 0.2 0.2 Net profit
+56.2% +56.2%
0.2 0.2 0.2 PAT margin %
-2132 bps -3243 bps
67.6% 100.0% 88.9% EPS (₹)
+56.9% +56.9%
0.80 0.51 0.51
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit +56.2%
Cash & debt
FY25 cash from operations −₹0.1 Cr:
-18% of FY25 net profit of ₹0.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹0.4
+119.9% above Net profit ₹0.1 ₹0.2
+212.5% above
511523
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 400 bps YoY 66% 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
-22.7% -11.4%
4.0 4.5 5.2 Operating profit
+10.4% from loss 0.5 -0.0 0.5 OPM %
+400 bps +1398 bps
13.3% -0.7% 9.3% Other income
-8.0% -64.6%
0.2 0.7 0.2 Net profit
-16.7% +4.2%
0.2 0.2 0.3 PAT margin %
+46 bps +94 bps
6.3% 5.3% 5.8% EPS (₹)
-13.3% +8.3%
0.13 0.12 0.15
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: -29.4%
· reported profit -16.7%
Cash & debt
FY25 cash from operations −₹0.4 Cr:
-100% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹4.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.8 ₹4.0
-48.7% below Net profit ₹0.2 ₹0.2
+8.3% in line
511696
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +28% above its own trend Operating margin contracted 1254 bps YoY 36% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -39%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-26.9% -37.1%
1.9 2.9 2.5 Operating profit
-39.2% -48.2%
1.1 2.2 1.9 OPM %
-1254 bps -1335 bps
62.2% 75.5% 74.7% Other income
-13.2% +37.5%
0.7 0.5 0.8 Net profit
+24.1% -17.5%
1.6 2.0 1.3 PAT margin %
+3662 bps +2116 bps
89.2% 68.0% 52.6% EPS (₹)
+24.0% -17.5%
5.48 6.64 4.42
Quality of profit
Pre-tax profit ₹1.8 Cr: core business ₹1.1 Cr, other income ₹0.7 Cr.
Core profit YoY: -39.2%
· reported profit +24.1%
Cash & debt
FY25 cash from operations −₹13.6 Cr:
-251% of FY25 net profit of ₹5.4 Cr.
Borrowings ₹2.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.2 ₹1.9
-41.3% below Net profit ₹1.3 ₹1.6
+27.8% above
511714
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
86% 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
-33.3% +0.0%
4.0 4.0 6.0 Operating profit
from loss from loss 6.0 -47.0 -17.0 Other income
-80.6% +47.1%
25.0 17.0 129 Net profit?
-79.2% from loss 20.0 -36.0 96.0 EPS (₹)
-85.0% from loss 9.04 -14.90 60.41
Quality of profit
Pre-tax profit ₹28.0 Cr: core business ₹4.0 Cr, other income ₹25.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: from loss
· reported profit -79.2%
Cash & debt
FY25 cash from operations −₹121 Cr:
-195% of FY25 net profit of ₹62.0 Cr.
Borrowings ₹185 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.0 ₹4.0
+33.3% above
512018
· 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
-93.9% -92.9%
0.0 0.3 0.3 Operating profit
loss narrowed to loss -0.1 0.0 -3.0 Other income
from loss +183.3%
0.2 0.1 -0.2 Net profit?
from loss +33.3%
0.1 0.1 -3.2 EPS (₹)
from loss +0.0%
0.01 0.01 -0.28
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹7.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹0.0
-87.9% below
512047
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 2125 bps YoY 50% 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
-95.0% -90.5%
4.0 42.0 80.0 Operating profit
-66.7% -75.0%
1.0 4.0 3.0 OPM %
+2125 bps +1548 bps
25.0% 9.5% 3.8% Other income
— +0.0%
1.0 1.0 0.0 Net profit
— -33.3%
2.0 3.0 0.0 PAT margin %
+5000 bps +4286 bps
50.0% 7.1% 0.0% EPS (₹)
+650.0% -48.3%
0.15 0.29 0.02
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹1.0 Cr, other income ₹1.0 Cr.
Cash & debt
FY25 cash from operations −₹23.0 Cr:
-209% of FY25 net profit of ₹11.0 Cr.
Borrowings ₹101 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹160 ₹4.0
-97.5% below
512062
· 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 loss widened -0.1 -0.0 -0.1 Other income
+8.3% +550.0%
0.1 0.0 0.1 Net profit
-83.3% from loss 0.0 -0.0 0.1 EPS (₹)
-83.6% from loss 0.09 -0.18 0.55
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss widened
· reported profit -83.3%
Cash & debt
FY25 cash from operations −₹0.3 Cr:
-73% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
512064
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 789 bps YoY 30% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+12.6% +56.1%
4.9 3.1 4.3 Operating profit
-18.5% from loss 1.0 -0.2 1.2 OPM %
-789 bps +2762 bps
20.6% -7.0% 28.5% Other income
-46.2% —
0.1 0.0 0.1 Net profit?
-53.8% from loss 0.2 -0.5 0.4 PAT margin %
-529 bps +1832 bps
3.7% -14.6% 9.0% EPS (₹)
-53.6% from loss 0.58 -1.48 1.25
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: -63.6%
· reported profit -53.8%
Cash & debt
FY25 cash from operations −₹1.3 Cr.
Borrowings ₹16.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.5 ₹4.9
-24.4% below
512097
· 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 Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-100.0% —
0.0 0.0 1.2 Operating profit
— loss widened -0.1 -0.1 0.0 Other income
from loss +182.4%
1.0 0.3 -0.0 Net profit
from loss +265.2%
0.8 0.2 -0.0 EPS (₹)
— +300.0%
0.04 0.01 0.00
Quality of profit
Pre-tax profit ₹0.8 Cr: core business −₹0.1 Cr, other income ₹1.0 Cr.
Cash & debt
FY25 cash from operations −₹4.8 Cr:
-1336% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹2.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.9 ₹0.0
-100.0% below
512165
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -10% below its own trend Operating margin contracted 204 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
+182.9% +88.9%
2,563 1,357 906 Operating profit
-82.1% -74.9%
3.5 14.0 19.7 OPM %
-204 bps -90 bps
0.1% 1.0% 2.2% Other income
+13.4% +61.1%
3.5 2.2 3.1 Net profit?
-5.6% +4.1%
4.9 4.7 5.2 PAT margin %
-38 bps -15 bps
0.2% 0.3% 0.6% EPS (₹)
-5.4% +4.5%
0.70 0.67 0.74
Quality of profit
Pre-tax profit ₹3.4 Cr: core business −₹0.1 Cr, other income ₹3.5 Cr.
Core profit YoY: to loss
· reported profit -5.6%
Cash & debt
FY25 cash from operations −₹193 Cr:
-1024% of FY25 net profit of ₹18.9 Cr.
Borrowings ₹252 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1,811 ₹2,563
+41.5% above Net profit ₹5.4 ₹4.9
-10.5% below
512257
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -50% below its own trend Operating margin expanded 1292 bps YoY 30% 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
-47.0% -63.2%
3.7 10.0 6.9 Operating profit
-6.8% -54.2%
1.1 2.4 1.2 OPM %
+1292 bps +588 bps
30.0% 24.1% 17.1% Other income
+20.0% +150.0%
0.3 0.1 0.2 Net profit
+0.0% -46.9%
0.8 1.4 0.8 PAT margin %
+985 bps +642 bps
21.0% 14.6% 11.1% EPS (₹)
+0.0% -43.8%
0.09 0.16 0.09
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.7 Cr, other income ₹0.3 Cr.
Core profit YoY: -6.6%
· reported profit +0.0%
Cash & debt
FY25 cash from operations −₹1.9 Cr:
-84% of FY25 net profit of ₹2.3 Cr.
Borrowings ₹13.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.4 ₹3.7
-64.7% below Net profit ₹1.5 ₹0.8
-50.0% below
512267
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 119 bps YoY 32% 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
-65.7% +65.3%
386 234 1,126 Operating profit
+25.4% +33.9%
6.3 4.7 5.0 OPM %
+119 bps -38 bps
1.6% 2.0% 0.4% Other income
-6.7% -32.0%
0.8 1.2 0.9 Net profit?
-0.5% +12.7%
2.0 1.8 2.0 PAT margin %
+35 bps -25 bps
0.5% 0.8% 0.2% EPS (₹)
+0.0% +0.0%
0.01 0.01 0.01
Quality of profit
Pre-tax profit ₹2.6 Cr: core business ₹1.7 Cr, other income ₹0.8 Cr.
Core profit YoY: +3.0%
· reported profit -0.5%
Cash & debt
FY25 cash from operations −₹26.0 Cr:
-586% of FY25 net profit of ₹4.4 Cr.
Borrowings ₹167 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1,305 ₹386
-70.4% below Net profit ₹2.0 ₹2.0
+0.6% in line
512443
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +999% above its own trend Operating margin expanded 807 bps YoY 84% 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
-82.5% —
1.2 0.0 6.9 Operating profit
from loss from loss 0.0 -0.1 -0.3 OPM %
+807 bps —
3.3% — -4.8% Other income
-74.2% +45.5%
0.2 0.1 0.6 Net profit
— +600.0%
0.1 0.0 0.0 PAT margin %
+1143 bps —
11.6% — 0.1% EPS (₹)
— +650.0%
0.15 0.02 0.01
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.0 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹2.7 Cr:
-6800% of FY25 net profit of ₹0.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.0 ₹0.1
+999.0% above
512477
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -13% below its own trend Operating margin contracted 287 bps YoY 41% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -50%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-4.1% +29.1%
27.3 21.1 28.5 Operating profit
-46.7% from loss 1.0 -0.0 1.8 OPM %
-287 bps +364 bps
3.6% -0.0% 6.5% Other income
+81.5% +16.7%
0.5 0.4 0.3 Net profit
-24.6% —
0.9 0.0 1.2 PAT margin %
-91 bps +332 bps
3.4% 0.0% 4.3% EPS (₹)
-24.6% —
6.13 0.07 8.13
Quality of profit
Pre-tax profit ₹1.2 Cr: core business ₹0.7 Cr, other income ₹0.5 Cr.
Core profit YoY: -50.3%
· reported profit -24.6%
Cash & debt
FY25 cash from operations ₹2.0 Cr:
103% of FY25 net profit of ₹2.0 Cr.
Borrowings ₹3.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹28.4 ₹27.3
-3.8% in line Net profit ₹1.1 ₹0.9
-13.4% 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 14 Oct 2026, 00:15 IST
