Flash Finance

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, 15:08 IST 5073 declared
The next results season has started: 36 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

Latest Q2 FY26 results 5073

Page 3 of 170

Varun Beverages Limited

VBL · Packaged Foods & Food Processing · Q2 FY26 · Consolidated
M Cap
₹1,46,564 Cr
P/E
43.0
PEG
1.79
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.3%-29.5% 5,0487,1634,932
Operating profit -0.3%-42.6% 1,1471,9991,151
OPM % -61 bps-517 bps 22.7%27.9%23.3%
Other income +510.4%+91.8% 14877.224.2
Net profit? +18.5%-43.8% 7451,325629
PAT margin % +201 bps-374 bps 14.8%18.5%12.7%
EPS (₹) +14.7%-43.7% 2.193.891.91

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹941 Cr: core business ₹795 Cr, other income ₹148 Cr, exceptional & other items −₹1.7 Cr.

Core profit YoY: +2.4% · reported profit +18.5%

Cash & debt

Borrowings ₹2,826 Cr at Dec 2024.

Against its own trend ?

TrendActualGap
Sales₹6,274₹5,048 -19.5% below
Net profit₹804₹745 -7.3% in line
📊 Investor presentation (28 Jul) Detailed financials →

ABB India Limited

ABB · Electrical Equipment · Q2 FY26 · Standalone
M Cap
₹1,45,274 Cr
P/E
48.5
PEG
—
  • Profit -17% below its own trend
  • Operating margin contracted 343 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +13.7%+4.3% 3,3113,1752,912
Operating profit -7.3%+20.9% 500414540
OPM % -343 bps+207 bps 15.1%13.0%18.5%
Other income -9.7%-15.2% 84.099.093.0
Net profit -7.0%+16.2% 409352440
PAT margin % -275 bps+127 bps 12.4%11.1%15.1%
EPS (₹) -7.1%+16.3% 19.3116.6020.79

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹542 Cr: core business ₹458 Cr, other income ₹84.0 Cr.

Core profit YoY: -9.1% · reported profit -7.0%

Cash & debt

Borrowings ₹52.0 Cr at Dec 2024.

Against its own trend ?

TrendActualGap
Sales₹3,164₹3,311 +4.6% in line
Net profit₹494₹409 -17.3% below
📊 Investor presentation (31 Jul) Detailed financials →

Jio Financial Services Limited

JIOFIN · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹1,40,944 Cr
P/E
—
PEG
—
  • Provisions up 252% YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +32.6%+96.9% 1,220619920
Net interest income +25.2%-2.8% 257264205
Other income +15.8%+222.4% 827257715
Operating profit (pre-provision) +2.5%+117.6% 796366777
Provisions +252.1%+90.0% 13.27.03.8
Net profit? +0.9%+114.1% 695325689
EPS (₹) +0.9%+115.7% 1.100.511.09
Cost-to-income % +1105 bps-320 bps 26.5%29.7%15.5%

Where profit came from

Pre-provision profit ₹796 Cr (+2.5% YoY); provisions ₹13.2 Cr (+252.1% YoY).

Net profit +0.9% YoY.

Against its own trend ?

TrendActualGap
NII₹211₹257 +21.7% above
Net profit₹706₹695 -1.5% in line
📊 Investor presentation (16 Jul) Detailed financials →

Hitachi Energy India Limited

POWERINDIA · Electrical Equipment · Q2 FY26 · Standalone
M Cap
₹1,39,467 Cr
P/E
121.4
PEG
0.99
  • Profit +154% above its own trend
  • Operating margin expanded 923 bps YoY
  • Profit grew faster than the core business (core profit +280%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +18.0%+23.9% 1,8331,4791,554
Operating profit +171.8%+92.9% 299155110
OPM % +923 bps+583 bps 16.3%10.5%7.1%
Other income —+62.7% 83.051.00.0
Net profit +407.7%+100.0% 26413252.0
PAT margin % +1106 bps+548 bps 14.4%8.9%3.3%
EPS (₹) +380.6%+100.9% 59.3129.5212.34

Quality of profit

Core 76%Other income & one-offs 24%

Pre-tax profit ₹353 Cr: core business ₹270 Cr, other income ₹83.0 Cr.

Core profit YoY: +280.3% · reported profit +407.7%

Cash & debt

FY25 cash from operations ₹1,494 Cr: 390% of FY25 net profit of ₹383 Cr.

Borrowings ₹88.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,849₹1,833 -0.9% in line
Net profit₹104₹264 +153.8% above
📊 Investor presentation (16 Sep) Detailed financials →

Tata Capital Limited

TATACAP · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹1,37,886 Cr
P/E
25.2
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Total income +0.7% 7,7507,692
Net interest income — 3,004—
Other income — 770—
Operating profit (pre-provision) — 2,277—
Provisions — 773—
Net profit? +7.5% 1,1191,041
Cost-to-income % — 39.7%—

Where profit came from

Pre-provision profit ₹2,277 Cr; provisions ₹773 Cr.

📊 Investor presentation (28 Jul) Detailed financials →

Vodafone Idea Limited

IDEA · Telecom Services · Q2 FY26 · Consolidated
M Cap
₹1,37,271 Cr
P/E
3.7
PEG
0.61
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.4%+1.6% 11,19511,02210,932
Operating profit +3.0%+1.6% 4,6854,6124,550
OPM % +23 bps+1 bps 41.9%41.8%41.6%
Other income -66.0%-28.1% 102142300
Net profit? loss narrowedloss narrowed -5,524-6,608-7,176
PAT margin % +1630 bps+1060 bps -49.3%-60.0%-65.6%
EPS (₹) loss narrowedloss narrowed -0.51-0.63-1.03

Quality of profit

Pre-tax profit −₹5,527 Cr: core business −₹5,667 Cr, other income ₹102 Cr, exceptional & other items ₹37.6 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹9,291 Cr.

Borrowings ₹2,33,229 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹11,370₹11,195 -1.5% in line
📊 Investor presentation (15 Sep) Detailed financials →

CG Power and Industrial Solutions Limited

CGPOWER · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹1,36,670 Cr
P/E
110.3
PEG
11.03
  • Profit +29% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +21.1%+1.6% 2,9232,8782,413
Operating profit +27.8%-1.2% 377381295
OPM % +67 bps-36 bps 12.9%13.2%12.2%
Other income +127.1%+134.0% 66.128.229.1
Net profit? +29.5%+6.6% 284267220
PAT margin % +63 bps+46 bps 9.7%9.3%9.1%
EPS (₹) +25.5%+3.4% 1.821.761.45

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹388 Cr: core business ₹322 Cr, other income ₹66.1 Cr.

Core profit YoY: +21.6% · reported profit +29.5%

Cash & debt

FY25 cash from operations ₹944 Cr: 97% of FY25 net profit of ₹973 Cr.

Borrowings ₹41.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,049₹2,923 -4.1% in line
Net profit₹221₹284 +28.6% above
Detailed financials →

BSE Limited

BSE · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹1,35,249 Cr
P/E
—
PEG
—
  • Profit -19% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +37.5%+11.0% 1,1601,044843
Operating profit (pre-provision) +64.1%+9.4% 750685457
Provisions —— 10.6—0.2
Net profit? +61.1%+3.5% 557538346
EPS (₹) +61.1%+3.6% 13.5613.09adj. 8.42

EPS restated for the 2:1 bonus of May 2025: Sep 2024 ₹25.25 to ₹8.42.

Where profit came from

Pre-provision profit ₹750 Cr (+64.1% YoY); provisions ₹10.6 Cr.

Net profit +61.1% YoY.

Against its own trend ?

TrendActualGap
Total income₹1,633₹1,160 -29.0% below
Net profit₹692₹557 -19.5% below
Detailed financials →

Cholamandalam Investment and Finance Company Limited

CHOLAFIN · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹1,34,994 Cr
P/E
23.5
PEG
0.94
  • Gross NPA up 79 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +20.4%+3.5% 7,6137,3536,322
Net interest income +24.5%+6.2% 3,3843,1882,718
Other income +30.4%+2.1% 712697546
Operating profit (pre-provision) +27.7%+2.0% 2,4622,4141,928
Provisions +43.9%+1.7% 897882624
Net profit? +19.8%+1.9% 1,1601,138968
EPS (₹) +19.6%+1.8% 13.7813.5311.52
Cost-to-income % -104 bps+202 bps 39.9%37.9%40.9%
Gross NPA % +79 bps+28 bps 4.6%4.3%3.8%
Net NPA % +59 bps+21 bps 3.1%2.9%2.5%

Where profit came from

Pre-provision profit ₹2,462 Cr (+27.7% YoY); provisions ₹897 Cr (+43.9% YoY).

Net profit +19.8% YoY.

Against its own trend ?

TrendActualGap
NII₹3,525₹3,384 -4.0% in line
Net profit₹1,185₹1,160 -2.2% in line
📊 Investor presentation (28 Jul) Detailed financials →

Cummins India Limited

CUMMINSIND · Pumps, Compressors & Engines · Q2 FY26 · Consolidated
M Cap
₹1,34,026 Cr
P/E
56.6
PEG
2.18
  • Profit +14% above its own trend
  • Operating margin expanded 263 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +26.3%+10.9% 3,1702,8592,509
Operating profit +43.6%+11.4% 695624484
OPM % +263 bps+10 bps 21.9%21.8%19.3%
Other income +15.3%-14.6% 181212157
Net profit? +38.5%+3.0% 622604449
PAT margin % +173 bps-150 bps 19.6%21.1%17.9%
EPS (₹) +38.5%+3.0% 22.4521.7916.21

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹824 Cr: core business ₹643 Cr, other income ₹181 Cr.

Core profit YoY: +47.5% · reported profit +38.5%

Cash & debt

FY25 cash from operations ₹1,685 Cr: 84% of FY25 net profit of ₹2,000 Cr.

Borrowings ₹30.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,077₹3,170 +3.0% in line
Net profit₹544₹622 +14.3% above
📊 Investor presentation (27 May) Detailed financials →

Punjab National Bank

PNB · Public Sector Banks · Q2 FY26 · Consolidated
M Cap
₹1,33,318 Cr
P/E
6.0
PEG
0.08
  • Profit -38% below its own trend
  • Gross NPA down 103 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +4.5%-3.5% 36,68437,99935,111
Net interest income -0.0%-0.8% 10,65510,74410,657
Other income -10.6%-23.1% 4,1715,4274,664
Net profit? +8.1%+136.3% 5,1212,1674,739
EPS (₹) +8.8%+142.4% 4.461.844.10
Gross NPA % -103 bps-33 bps 3.5%3.8%4.5%
Net NPA % -10 bps-2 bps 0.4%0.4%0.5%

Against its own trend ?

TrendActualGap
NII₹11,193₹10,655 -4.8% in line
Net profit₹8,201₹5,121 -37.6% below
📊 Investor presentation (19 Aug) Detailed financials →

Bosch Limited

BOSCHLTD · Auto Components · Q2 FY26 · Consolidated
M Cap
₹1,31,508 Cr
P/E
55.6
PEG
3.09
  • Profit +11% above its own trend
  • 29% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +9.1%+0.1% 4,7954,7894,394
Operating profit +10.1%-3.5% 617639560
OPM % +12 bps-48 bps 12.9%13.4%12.8%
Other income +0.4%-27.2% 210288209
Net profit? +3.3%-50.3% 5541,116537
PAT margin % -65 bps-1174 bps 11.6%23.3%12.2%
EPS (₹) +3.3%-50.3% 188.01378.41181.99

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹730 Cr: core business ₹520 Cr, other income ₹210 Cr.

Core profit YoY: +11.1% · reported profit +3.3%

Cash & debt

FY25 cash from operations ₹2,373 Cr: 118% of FY25 net profit of ₹2,014 Cr.

Borrowings ₹118 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,775₹4,795 +0.4% in line
Net profit₹501₹554 +10.8% above
📊 Investor presentation (10 Aug) Detailed financials →

Union Bank of India

UNIONBANK · Public Sector Banks · Q2 FY26 · Consolidated
M Cap
₹1,30,787 Cr
P/E
6.3
PEG
0.20
  • Profit -28% below its own trend
  • Gross NPA down 107 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -1.8%-0.4% 32,21532,34432,812
Net interest income -2.3%-3.1% 8,9589,2449,167
Other income -6.3%+14.0% 5,5504,8695,926
Operating profit (pre-provision) -16.0%-1.3% 6,8456,9368,145
Provisions -19.9%-16.5% 1,3921,6671,739
Net profit? -6.8%-0.0% 4,4264,4284,751
EPS (₹) -6.8%+0.0% 5.805.806.22
Cost-to-income % +679 bps+197 bps 52.8%50.9%46.0%
Gross NPA % -107 bps-23 bps 3.3%3.5%4.4%
Net NPA % -43 bps-7 bps 0.6%0.6%1.0%

Where profit came from

Pre-provision profit ₹6,845 Cr (-16.0% YoY); provisions ₹1,392 Cr (-19.9% YoY).

Net profit -6.8% YoY.

Against its own trend ?

TrendActualGap
NII₹9,172₹8,958 -2.3% in line
Net profit₹6,189₹4,426 -28.5% below
📊 Investor presentation (21 Aug) Detailed financials →

Tech Mahindra Limited

TECHM · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹1,30,316 Cr
P/E
25.2
PEG
25.24
  • Profit -47% below its own trend
  • Operating margin expanded 235 bps YoY
  • Core business grew faster than reported profit (core profit +36%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +5.1%+4.8% 13,99513,35113,313
Operating profit +23.9%+12.0% 2,1681,9351,750
OPM % +235 bps+100 bps 15.5%14.5%13.1%
Other income -92.9%-83.0% 37.2218522
Net profit? -4.4%+6.5% 1,2021,1291,258
PAT margin % -86 bps+13 bps 8.6%8.5%9.4%
EPS (₹) -4.5%+4.7% 13.4812.8714.12

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹1,659 Cr: core business ₹1,622 Cr, other income ₹37.2 Cr.

Core profit YoY: +36.2% · reported profit -4.4%

Cash & debt

FY25 cash from operations ₹5,786 Cr: 136% of FY25 net profit of ₹4,253 Cr.

Borrowings ₹2,025 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹13,723₹13,995 +2.0% in line
Net profit₹2,268₹1,202 -47.0% below
📊 Investor presentation (16 Jul) Detailed financials →

Siemens Limited

SIEMENS · Electrical Equipment · Q2 FY26 · Standalone
M Cap
₹1,30,126 Cr
P/E
43.3
PEG
2.70
  • Profit -36% below its own trend
  • Operating margin contracted 322 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -13.5%+33.7% 5,1713,8685,978
Operating profit -33.2%+32.2% 566428847
OPM % -322 bps-13 bps 10.9%11.1%14.2%
Other income -61.9%-8.8% 104114273
Net profit -37.4%+31.4% 485369775
PAT margin % -358 bps-16 bps 9.4%9.5%13.0%
EPS (₹) -37.4%+31.4% 13.6310.3721.76

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹573 Cr: core business ₹522 Cr, other income ₹104 Cr, exceptional & other items −₹53.0 Cr.

Core profit YoY: -31.9% · reported profit -37.4%

Cash & debt

Borrowings ₹98.0 Cr at Sep 2025.

Against its own trend ?

TrendActualGap
Sales₹4,567₹5,171 +13.2% above
Net profit₹762₹485 -36.3% below
Detailed financials →

Polycab India Limited

POLYCAB · Cables & Wires · Q2 FY26 · Consolidated
M Cap
₹1,26,609 Cr
P/E
43.6
PEG
1.61
  • Profit +28% above its own trend
  • Operating margin expanded 427 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +17.8%+9.7% 6,4775,9065,498
Operating profit +61.6%+19.0% 1,021858632
OPM % +427 bps+124 bps 15.8%14.5%11.5%
Other income -40.3%-43.2% 45.479.976.2
Net profit? +55.6%+15.6% 693600445
PAT margin % +260 bps+54 bps 10.7%10.2%8.1%
EPS (₹) +55.7%+15.7% 45.5439.3629.25

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹921 Cr: core business ₹876 Cr, other income ₹45.4 Cr.

Core profit YoY: +70.3% · reported profit +55.6%

Cash & debt

FY25 cash from operations ₹1,809 Cr: 88% of FY25 net profit of ₹2,045 Cr.

Borrowings ₹202 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,891₹6,477 -6.0% below
Net profit₹543₹693 +27.5% above
Detailed financials →

Bank of Baroda Limited

BANKBARODA · Public Sector Banks · Q2 FY26 · Consolidated
M Cap
₹1,21,734 Cr
P/E
6.7
PEG
0.67
  • Profit -11% below its own trend
  • Profit growth came mainly from lower provisions (pre-provision profit -24%)
  • Gross NPA down 34 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -2.6%+0.1% 38,43438,40439,455
Net interest income +4.0%+4.5% 13,12712,56012,621
Other income -32.4%-7.6% 5,1165,5387,568
Operating profit (pre-provision) -24.2%-1.1% 8,4938,58611,207
Provisions -52.3%-47.4% 1,7983,4163,773
Net profit? -4.1%+48.0% 5,1343,4695,355
EPS (₹) -4.2%+48.0% 9.936.7110.36
Cost-to-income % +895 bps+89 bps 53.4%52.6%44.5%
Gross NPA % -34 bps-12 bps 2.2%2.3%2.5%
Net NPA % -3 bps-3 bps 0.6%0.6%0.6%

Where profit came from

Pre-provision profit ₹8,493 Cr (-24.2% YoY); provisions ₹1,798 Cr (-52.3% YoY).

Net profit -4.1% YoY.

Against its own trend ?

TrendActualGap
NII₹12,823₹13,127 +2.4% in line
Net profit₹5,743₹5,134 -10.6% below
Detailed financials →

Bharat Petroleum Corporation Limited

BPCL · Refineries & Oil Marketing · Q2 FY26 · Consolidated
M Cap
₹1,21,555 Cr
P/E
7.1
PEG
0.07
  • Profit +155% above its own trend
  • Operating margin expanded 491 bps YoY
  • Core business grew faster than reported profit (core profit +284%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.1%-6.8% 1,04,9461,12,5511,02,785
Operating profit +116.1%+0.9% 9,7619,6784,517
OPM % +491 bps+70 bps 9.3%8.6%4.4%
Other income +7.6%-25.3% 1,3751,8401,278
Net profit? +169.5%-9.5% 6,1916,8392,297
PAT margin % +366 bps-18 bps 5.9%6.1%2.2%
EPS (₹) +154.4%-9.5% 14.2715.765.61

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹8,345 Cr: core business ₹6,970 Cr, other income ₹1,375 Cr.

Core profit YoY: +284.0% · reported profit +169.5%

Cash & debt

FY25 cash from operations ₹23,678 Cr: 178% of FY25 net profit of ₹13,336 Cr.

Borrowings ₹61,101 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹94,662₹1,04,946 +10.9% above
Net profit₹2,427₹6,191 +155.1% above
📊 Investor presentation (22 Jul) Detailed financials →

HDFC Life Insurance Company Limited

HDFCLIFE · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹1,21,472 Cr
P/E
61.5
PEG
5.13
  • Profit -10% below its own trend
  • Operating margin contracted 3805 bps YoY
  • 33% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +105%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —-29.9% 20,65129,463387
Operating profit +105.5%-28.2% 315439153
OPM % -3805 bps+4 bps 1.5%1.5%39.6%
Other income -45.3%-4.3% 157164287
Net profit? +2.9%-18.2% 448548435
PAT margin % —+31 bps 2.2%1.9%—
EPS (₹) +3.0%-18.1% 2.082.542.02

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹471 Cr: core business ₹315 Cr, other income ₹157 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +105.5% · reported profit +2.9%

Cash & debt

FY25 cash from operations ₹15,597 Cr: 862% of FY25 net profit of ₹1,810 Cr.

Borrowings ₹2,950 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹336₹20,651 +999.0% above
Net profit₹499₹448 -10.3% below
Detailed financials →

Bajaj Holdings & Investment Limited

BAJAJHLDNG · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹1,19,641 Cr
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +40.0%+21.4% 410338293
Operating profit (pre-provision) +50.6%+24.1% 358289238
Net profit? +3.2%-55.3% 1,5593,4871,510
EPS (₹) +8.5%-55.3% 140.10313.30129.10

Where profit came from

Pre-provision profit ₹358 Cr (+50.6% YoY).

Net profit +3.2% YoY.

Against its own trend ?

TrendActualGap
Total income₹146₹410 +179.9% above
Net profit₹1,568₹1,559 -0.6% in line
Detailed financials →

Billionbrains Garage Ventures Limited

GROWW · Capital Markets & Broking · Q2 FY26 · Consolidated
M Cap
₹1,19,256 Cr
P/E
—
PEG
—
₹ Cr Sep 2025
Total income 1,071
Operating profit (pre-provision) 638
Provisions 0.5
Net profit? 471
EPS (₹) 0.79

First results we hold for this company (a recent listing or a first filing), so there is no earlier quarter to compare with.

Where profit came from

Pre-provision profit ₹638 Cr; provisions ₹0.5 Cr.

📊 Investor presentation (14 Jan) Detailed financials →

LTIMindtree Limited

LTM · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹1,19,145 Cr
P/E
22.9
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +10.2%+5.6% 10,3949,8419,433
Operating profit +13.6%+17.0% 1,9301,6491,699
OPM % +55 bps+181 bps 18.6%16.8%18.0%
Other income +0.5%-23.4% 300392299
Net profit? +10.4%+10.1% 1,3811,2551,252
PAT margin % +2 bps+54 bps 13.3%12.7%13.3%
EPS (₹) +11.9%+11.7% 47.2842.3342.25

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹1,879 Cr: core business ₹1,579 Cr, other income ₹300 Cr.

Core profit YoY: +13.8% · reported profit +10.4%

Against its own trend ?

TrendActualGap
Sales₹10,130₹10,394 +2.6% in line
Net profit₹1,316₹1,381 +5.0% in line
📊 Investor presentation (11 Jul) Detailed financials →

LG Electronics India Limited

LGEINDIA · Consumer Durables & Appliances · Q2 FY26 · Standalone
M Cap
₹1,17,611 Cr
P/E
64.4
PEG
8.06
  • Operating margin contracted 351 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.0%-1.4% 6,1746,2636,114
Operating profit -27.6%-23.5% 548716757
OPM % -351 bps-256 bps 8.9%11.4%12.4%
Other income +19.4%+8.1% 80.074.067.0
Net profit -27.4%-24.2% 389513536
PAT margin % -247 bps-189 bps 6.3%8.2%8.8%
EPS (₹) —-24.1% 5.747.56—

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹525 Cr: core business ₹446 Cr, other income ₹80.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -31.7% · reported profit -27.4%

Cash & debt

FY25 cash from operations ₹1,654 Cr.

Borrowings ₹428 Cr at Mar 2025.

📊 Investor presentation (13 Aug) Detailed financials →

Britannia Industries Limited

BRITANNIA · Packaged Foods & Food Processing · Q2 FY26 · Consolidated
M Cap
₹1,15,003 Cr
P/E
44.1
PEG
5.51
  • Profit +19% above its own trend
  • Operating margin expanded 294 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +3.7%+4.7% 4,8414,6224,668
Operating profit +21.9%+26.5% 951752780
OPM % +294 bps+337 bps 19.6%16.3%16.7%
Other income +13.0%-8.8% 52.057.046.0
Net profit? +23.1%+26.0% 655520532
PAT margin % +213 bps+228 bps 13.5%11.3%11.4%
EPS (₹) +23.2%+25.7% 27.1721.6222.06

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹884 Cr: core business ₹831 Cr, other income ₹52.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +24.2% · reported profit +23.1%

Cash & debt

FY25 cash from operations ₹2,481 Cr: 114% of FY25 net profit of ₹2,178 Cr.

Borrowings ₹1,247 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,057₹4,841 -4.3% in line
Net profit₹551₹655 +18.9% above
📊 Investor presentation (07 Aug) Detailed financials →

Zydus Lifesciences Limited

ZYDUSLIFE · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹1,13,157 Cr
P/E
22.3
PEG
0.70
  • Profit +25% above its own trend
  • Operating margin expanded 502 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +16.9%-6.9% 6,1236,5745,237
Operating profit +37.9%-3.5% 2,0162,0881,461
OPM % +502 bps+115 bps 32.9%31.8%27.9%
Other income +10.0%-51.6% 75.015568.2
Net profit? +36.0%-15.5% 1,2391,467911
PAT margin % +284 bps-208 bps 20.2%22.3%17.4%
EPS (₹) +38.1%-14.2% 12.5114.589.06

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹1,687 Cr: core business ₹1,613 Cr, other income ₹75.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +34.1% · reported profit +36.0%

Cash & debt

FY25 cash from operations ₹6,777 Cr: 150% of FY25 net profit of ₹4,528 Cr.

Borrowings ₹3,213 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,151₹6,123 -0.5% in line
Net profit₹989₹1,239 +25.3% above
📊 Investor presentation (23 Aug) Detailed financials →

Lenskart Solutions Limited

LENSKART · Retail · Q2 FY26 · Consolidated
M Cap
₹1,12,287 Cr
P/E
168.1
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +10.7% 2,0961,894
Operating profit +22.9% 413336
OPM % +196 bps 19.7%17.7%
Other income -21.4% 33.042.0
Net profit? +68.9% 10361.0
PAT margin % +169 bps 4.9%3.2%
EPS (₹) +59.0% 1.240.78

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹148 Cr: core business ₹115 Cr, other income ₹33.0 Cr.

Detailed financials →

Laurus Labs Limited

LAURUSLABS · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹1,11,801 Cr
P/E
102.5
PEG
25.63
  • Profit +387% above its own trend
  • Operating margin expanded 982 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +35.1%+5.3% 1,6531,5701,224
Operating profit +126.1%+5.5% 403382178
OPM % +982 bps+4 bps 24.4%24.3%14.6%
Other income +486.1%+158.5% 27.010.44.6
Net profit? +874.9%+20.3% 19416219.9
PAT margin % +1013 bps+146 bps 11.8%10.3%1.6%
EPS (₹) +875.7%+19.5% 3.613.020.37

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹270 Cr: core business ₹243 Cr, other income ₹27.0 Cr.

Core profit YoY: — · reported profit +874.9%

Cash & debt

FY25 cash from operations ₹602 Cr: 168% of FY25 net profit of ₹359 Cr.

Borrowings ₹2,764 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,456₹1,653 +13.6% above
Net profit₹39.9₹194 +387.4% above
📊 Investor presentation (18 Sep) Detailed financials →

Apollo Hospitals Enterprise Limited

APOLLOHOSP · Hospitals & Healthcare Services · Q2 FY26 · Consolidated
M Cap
₹1,11,793 Cr
P/E
55.8
PEG
1.64
  • Profit -19% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +12.8%+7.9% 6,3045,8425,589
Operating profit +15.4%+10.5% 941852816
OPM % +34 bps+35 bps 14.9%14.6%14.6%
Other income +24.6%+36.1% 54.740.243.9
Net profit? +24.8%+12.0% 494441396
PAT margin % +76 bps+29 bps 7.8%7.5%7.1%
EPS (₹) +26.0%+10.3% 33.1930.1026.34

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹675 Cr: core business ₹614 Cr, other income ₹54.7 Cr, exceptional & other items ₹6.3 Cr.

Core profit YoY: +19.5% · reported profit +24.8%

Cash & debt

FY25 cash from operations ₹2,136 Cr: 142% of FY25 net profit of ₹1,505 Cr.

Borrowings ₹7,864 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,395₹6,304 -1.4% in line
Net profit₹609₹494 -18.9% below
📊 Investor presentation (12 Aug) Detailed financials →

Power Finance Corporation Limited

PFC · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹1,11,510 Cr
P/E
3.3
PEG
0.18
  • Gross NPA down 117 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +12.2%+1.0% 28,90128,62925,755
Net interest income +14.5%-2.7% 10,75511,0549,392
Other income +133.3%+124.0% 832371357
Operating profit (pre-provision) +14.6%+5.4% 10,4399,9079,106
Provisions from lossfrom loss 382-1,292-262
Net profit? +8.6%-12.8% 7,8348,9817,215
EPS (₹) +8.3%-16.4% 17.4020.8116.07
Cost-to-income % +331 bps-338 bps 9.9%13.3%6.6%
Gross NPA % -117 bps-2 bps 1.4%1.5%2.6%
Net NPA % -50 bps-1 bps 0.3%0.3%0.8%

Where profit came from

Pre-provision profit ₹10,439 Cr (+14.6% YoY); provisions ₹382 Cr.

Net profit +8.6% YoY.

Against its own trend ?

TrendActualGap
NII₹11,335₹10,755 -5.1% below
Net profit₹8,437₹7,834 -7.1% in line
Detailed financials →

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.

Results calendarWho reports results today, tomorrow and this week. Strong quarterly resultsCompanies whose latest quarter showed profit up 30% or more. Live announcementsEvery NSE/BSE filing with an AI read, as it arrives. Company fundamentalsTen years of quarterly and annual financials.
⚠️ 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