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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519532
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +16% above its own trend Operating margin contracted 425 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
-0.3% -4.2%
13.1 13.7 13.2 Operating profit
to loss to loss -0.1 0.2 0.5 OPM %
-425 bps -237 bps
-0.8% 1.6% 3.5% Other income
+28.4% +126.1%
1.0 0.5 0.8 Net profit?
+39.2% +153.6%
0.7 0.3 0.5 PAT margin %
+154 bps +337 bps
5.4% 2.0% 3.9% EPS (₹)
+7.7% +154.5%
0.28 0.11 0.26
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹0.3 Cr, other income ₹1.0 Cr.
Core profit YoY: loss widened
· reported profit +39.2%
Cash & debt
FY25 cash from operations −₹3.7 Cr:
-761% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹17.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹16.3 ₹13.1
-19.2% below Net profit ₹0.6 ₹0.7
+15.6% above
519566
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +192% 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
+7.9% -8.0%
188 205 175 Operating profit
+129.0% -15.0%
1.4 1.7 0.6 OPM %
+40 bps -6 bps
0.8% 0.8% 0.4% Other income
+40.0% +21.2%
0.6 0.5 0.5 Net profit?
+45.8% -53.9%
0.3 0.8 0.2 PAT margin %
+5 bps -19 bps
0.2% 0.4% 0.1% EPS (₹)
+46.0% -53.5%
0.92 1.98 0.63
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.1 Cr, other income ₹0.6 Cr.
Core profit YoY: to loss
· reported profit +45.8%
Cash & debt
FY25 cash from operations −₹11.0 Cr:
-187% of FY25 net profit of ₹5.9 Cr.
Borrowings ₹41.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹278 ₹188
-32.3% below Net profit ₹0.1 ₹0.3
+191.7% above
519574
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -32% 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 0.0 Operating profit
— loss narrowed -0.1 -0.1 0.0 Other income
+66.7% -51.0%
0.2 0.5 0.1 Net profit
+35.7% -52.5%
0.2 0.4 0.1
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
· reported profit +35.7%
Cash & debt
FY25 cash from operations ₹0.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.3 ₹0.2
-32.1% below
519604
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 30% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss widened loss narrowed -0.1 -0.1 -0.0 Other income
+40.0% +0.0%
0.1 0.1 0.1 Net profit
+150.0% +150.0%
0.1 0.0 0.0 EPS (₹)
+133.3% +133.3%
0.07 0.03 0.03
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: —
· reported profit +150.0%
Cash & debt
FY25 cash from operations ₹0.1 Cr:
30% of FY25 net profit of ₹0.2 Cr.
Borrowings nil at Mar 2025.
520081
· 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% -100.0%
0.0 0.0 2.1 Operating profit
loss narrowed loss narrowed -0.2 -0.4 -0.9 Other income
+218.2% -30.0%
0.3 0.5 0.1 Net profit
from loss -66.7%
0.1 0.1 -0.8 EPS (₹)
from loss -67.9%
0.09 0.28 -1.48
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 −₹1.3 Cr.
Borrowings ₹2.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.1 ₹0.0
-100.0% below
520123
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -90% below its own trend Operating margin contracted 668 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
-12.8% +2.8%
38.9 37.9 44.7 Operating profit
to loss to loss -1.5 0.3 1.2 OPM %
-668 bps -464 bps
-3.9% 0.8% 2.8% Other income
— +358.8%
2.3 0.5 0.1 Net profit
-92.3% +100.0%
0.0 0.0 0.5 PAT margin %
-106 bps +5 bps
0.1% 0.1% 1.2% EPS (₹)
-92.7% +75.0%
0.07 0.04 0.96
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹2.3 Cr, other income ₹2.3 Cr.
Core profit YoY: to loss
· reported profit -92.3%
Cash & debt
FY25 cash from operations ₹2.0 Cr:
81% of FY25 net profit of ₹2.5 Cr.
Borrowings ₹20.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹47.4 ₹38.9
-17.9% below Net profit ₹0.4 ₹0.0
-90.2% below
520141
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 201 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
+36.3% +42.2%
8.3 5.8 6.1 Operating profit
-42.9% from loss 0.1 -0.0 0.2 OPM %
-201 bps +162 bps
1.4% -0.2% 3.5% Other income
+50.0% +100.0%
0.1 0.0 0.0 Net profit
-33.3% from loss 0.0 -0.1 0.0 PAT margin %
-25 bps +264 bps
0.2% -2.4% 0.5% EPS (₹)
-50.0% from loss 0.01 -0.08 0.02
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss widened
· reported profit -33.3%
Cash & debt
FY25 cash from operations ₹1.1 Cr.
Borrowings ₹1.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.5 ₹8.3
+10.5% above
521048
· 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 -0.1 -0.1 -0.1 Other income
+27.5% +0.0%
0.9 0.9 0.7 Net profit
from loss +8.3%
0.1 0.1 -0.0 EPS (₹)
from loss +10.5%
0.21 0.19 -0.05
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.8 Cr, other income ₹0.9 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹0.3 Cr:
-22% of FY25 net profit of ₹1.4 Cr.
Borrowings ₹42.7 Cr at Mar 2025.
521149
· 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 narrowed loss narrowed -0.5 -0.5 -0.5 Other income
+203.6% +142.9%
0.8 0.3 0.3 Net profit
from loss from loss 0.3 -0.2 -0.5 EPS (₹)
from loss from loss 0.12 -0.07 -0.17
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 −₹0.9 Cr:
-71% of FY25 net profit of ₹1.3 Cr.
Borrowings ₹6.2 Cr at Mar 2025.
521216
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +93% above its own trend Operating margin contracted 227 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
+49.1% -15.2%
67.6 79.7 45.3 Operating profit
to loss to loss -1.4 2.0 0.1 OPM %
-227 bps -458 bps
-2.0% 2.5% 0.2% Other income
+145.5% +184.7%
4.6 1.6 1.9 Net profit
+65.2% -11.7%
2.2 2.5 1.3 PAT margin %
+31 bps +13 bps
3.2% 3.1% 2.9% EPS (₹)
+65.1% -12.0%
2.79 3.17 1.69
Quality of profit
Pre-tax profit ₹2.9 Cr: core business −₹1.7 Cr, other income ₹4.6 Cr.
Core profit YoY: loss widened
· reported profit +65.2%
Cash & debt
FY25 cash from operations −₹7.0 Cr:
-82% of FY25 net profit of ₹8.5 Cr.
Borrowings ₹7.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹57.1 ₹67.6
+18.3% above Net profit ₹1.1 ₹2.2
+92.6% above
521222
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -37% 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
— +14.3%
0.4 0.3 0.0 Operating profit
loss widened —
-0.1 -0.1 -0.1 OPM %
— +321 bps
-22.5% -25.7% — Other income
-43.2% —
0.2 0.0 0.4 Net profit
-20.8% from loss 0.2 -0.1 0.2 PAT margin %
— +6750 bps
47.5% -20.0% — EPS (₹)
-20.8% from loss 0.38 -0.14 0.48
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
· reported profit -20.8%
Cash & debt
FY25 cash from operations −₹0.1 Cr:
-45% of FY25 net profit of ₹0.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.3 ₹0.2
-36.6% below
521244
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 774 bps YoY 37% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+6.3% +8.6%
8.6 7.9 8.1 Operating profit
from loss +10.2%
0.5 0.5 -0.1 OPM %
+774 bps +9 bps
6.3% 6.2% -1.5% Other income
+20.0% +15.4%
0.3 0.3 0.2 Net profit?
— +23.4%
0.6 0.5 0.0 PAT margin %
+673 bps +81 bps
6.7% 5.9% 0.0% EPS (₹)
— +23.2%
1.70 1.38 0.00
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.5 Cr, other income ₹0.3 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹2.8 Cr:
273% of FY25 net profit of ₹1.0 Cr.
Borrowings ₹3.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.8 ₹8.6
-11.8% below
522005
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
51% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -18%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+12.8% -18.0%
29.6 36.1 26.3 Operating profit
-6.6% -38.4%
1.1 1.9 1.2 OPM %
-80 bps -127 bps
3.8% 5.1% 4.6% Other income
+91.7% +122.6%
0.7 0.3 0.4 Net profit?
+15.2% -25.5%
1.1 1.5 1.0 PAT margin %
+8 bps -39 bps
3.8% 4.2% 3.8% EPS (₹)
+15.1% -25.5%
3.28 4.40 2.85
Quality of profit
Pre-tax profit ₹1.4 Cr: core business ₹0.7 Cr, other income ₹0.7 Cr.
Core profit YoY: -17.5%
· reported profit +15.2%
Cash & debt
FY25 cash from operations ₹7.0 Cr:
182% of FY25 net profit of ₹3.8 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹25.3 ₹29.6
+17.3% above Net profit ₹1.2 ₹1.1
-4.3% in line
522027
· 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 widened loss widened -0.1 -0.1 -0.1 Other income
— —
7.9 0.0 0.0 Net profit
from loss from loss 6.9 -0.1 -0.1 EPS (₹)
from loss from loss 68.66 -1.19 -1.09
Quality of profit
Pre-tax profit ₹7.8 Cr: core business −₹0.1 Cr, other income ₹7.9 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹0.6 Cr.
Borrowings ₹1.8 Cr at Mar 2025.
522122
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 132 bps YoY 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+3.5% +0.9%
53.2 52.8 51.4 Operating profit
+8.9% -9.7%
14.2 15.7 13.0 OPM %
+132 bps -311 bps
26.6% 29.7% 25.3% Other income
+25.9% +5.2%
5.1 4.8 4.0 Net profit
+12.1% -8.4%
11.5 12.6 10.3 PAT margin %
+165 bps -220 bps
21.6% 23.8% 20.0% EPS (₹)
+12.1% -8.4%
26.23 28.64 23.40
Quality of profit
Pre-tax profit ₹15.4 Cr: core business ₹10.3 Cr, other income ₹5.1 Cr.
Core profit YoY: +5.9%
· reported profit +12.1%
Cash & debt
FY25 cash from operations ₹32.0 Cr:
80% of FY25 net profit of ₹39.9 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹57.5 ₹53.2
-7.3% below Net profit ₹11.8 ₹11.5
-2.2% in line
523019
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +18% above its own trend Operating margin contracted 803 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
-12.2% +8.9%
12.6 11.6 14.4 Operating profit
-49.1% +40.0%
1.4 1.0 2.8 OPM %
-803 bps +247 bps
11.1% 8.6% 19.1% Other income
-25.6% +10.3%
2.1 1.9 2.9 Net profit?
-41.2% +61.4%
2.3 1.4 4.0 PAT margin %
-914 bps +604 bps
18.6% 12.5% 27.7% EPS (₹)
-42.3% +60.0%
0.56 0.35 0.97
Quality of profit
Pre-tax profit ₹3.3 Cr: core business ₹1.1 Cr, other income ₹2.1 Cr.
Core profit YoY: -53.2%
· reported profit -41.2%
Cash & debt
FY25 cash from operations −₹22.6 Cr:
-241% of FY25 net profit of ₹9.4 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.1 ₹12.6
-4.1% in line Net profit ₹2.0 ₹2.3
+17.6% above
523116
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +691% above its own trend Operating margin expanded 361 bps YoY 79% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+26.5% -5.1%
31.9 33.6 25.2 Operating profit
+120.3% -10.9%
2.7 3.0 1.2 OPM %
+361 bps -55 bps
8.5% 9.0% 4.9% Other income
+379.4% +761.1%
4.7 0.5 1.0 Net profit
— +195.2%
4.9 1.7 0.3 PAT margin %
+1412 bps +1041 bps
15.3% 4.9% 1.2% EPS (₹)
— +195.2%
27.22 9.22 1.72
Quality of profit
Pre-tax profit ₹5.9 Cr: core business ₹1.3 Cr, other income ₹4.7 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹7.0 Cr:
470% of FY25 net profit of ₹1.5 Cr.
Borrowings ₹10.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹28.7 ₹31.9
+11.4% above Net profit ₹0.6 ₹4.9
+691.3% above
523387
· 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
— —
2.5 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.0 -0.1 -0.0 OPM %
— —
-0.8% — — Other income
— -33.3%
0.2 0.4 0.0 Net profit
from loss -5.9%
0.2 0.2 -0.1 PAT margin %
— —
6.5% — — EPS (₹)
— +0.0%
0.01 0.01 0.00
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 ₹1.1 Cr:
1233% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹0.1 Cr at Mar 2025.
523425
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -75% below its own trend Operating margin expanded 2010 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
+183.3% +195.7%
0.7 0.2 0.2 Operating profit
loss widened loss narrowed -0.1 -0.1 -0.1 OPM %
+2010 bps +4763 bps
-13.2% -60.9% -33.3% Other income
-36.1% —
0.2 0.0 0.4 Net profit?
-50.0% from loss 0.1 -0.1 0.3 PAT margin %
— +8581 bps
20.6% -65.2% — EPS (₹)
-50.9% from loss 0.26 -0.28 0.53
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: —
· reported profit -50.0%
Cash & debt
FY25 cash from operations −₹0.4 Cr:
-740% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹16.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.4 ₹0.7
+56.4% above Net profit ₹0.6 ₹0.1
-75.0% below
523475
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -86% below its own trend Operating margin contracted 441 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
+25.1% +1.1%
160 159 128 Operating profit
-58.2% -28.3%
3.5 5.0 8.5 OPM %
-441 bps -91 bps
2.2% 3.1% 6.6% Other income
— +28.3%
4.6 3.6 0.2 Net profit
-72.5% -51.8%
1.4 3.0 5.2 PAT margin %
-319 bps -99 bps
0.9% 1.9% 4.1% EPS (₹)
-72.5% -51.9%
1.12 2.33 4.08
Quality of profit
Pre-tax profit ₹2.4 Cr: core business −₹2.3 Cr, other income ₹4.6 Cr.
Core profit YoY: to loss
· reported profit -72.5%
Cash & debt
FY25 cash from operations −₹130 Cr:
-754% of FY25 net profit of ₹17.2 Cr.
Borrowings ₹148 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹257 ₹160
-37.5% below Net profit ₹10.5 ₹1.4
-86.3% below
523483
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -72% below its own trend Operating margin expanded 149 bps YoY 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
-36.7% -20.3%
39.6 49.7 62.5 Operating profit
-5.8% -46.3%
1.8 3.4 1.9 OPM %
+149 bps -220 bps
4.5% 6.7% 3.1% Other income
-59.0% +43.5%
2.0 1.4 4.8 Net profit?
-85.6% -64.5%
0.3 0.9 2.3 PAT margin %
-283 bps -104 bps
0.8% 1.9% 3.7% EPS (₹)
-85.5% -64.4%
0.48 1.35 3.32
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹1.6 Cr, other income ₹2.0 Cr.
Core profit YoY: loss narrowed
· reported profit -85.6%
Cash & debt
FY25 cash from operations ₹0.0 Cr:
0% of FY25 net profit of ₹7.7 Cr.
Borrowings ₹73.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹75.3 ₹39.6
-47.5% below Net profit ₹1.2 ₹0.3
-71.9% below
523489
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 589 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
+17.3% +9.5%
9.5 8.7 8.1 Operating profit
from loss from loss 0.3 -0.5 -0.2 OPM %
+589 bps +918 bps
3.2% -6.0% -2.7% Other income
+325.0% +25.9%
0.3 0.3 0.1 Net profit
from loss from loss 0.1 -0.7 -0.7 PAT margin %
+989 bps +1014 bps
1.6% -8.6% -8.3% EPS (₹)
from loss from loss 0.20 -0.99 -0.90
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 ₹2.2 Cr.
Borrowings ₹10.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.4 ₹9.5
+27.8% above
523519
· 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 narrowed -0.0 -0.1 -0.0 Other income
+0.0% -33.3%
0.0 0.0 0.0 Net profit
from loss from loss 0.0 -0.0 -0.0 EPS (₹)
from loss from loss 0.01 -0.01 -0.01
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.1 Cr.
Borrowings nil at Mar 2025.
523537
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +999% above its own trend Operating margin expanded 128 bps YoY 35% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-19.8% -6.6%
67.5 72.3 84.2 Operating profit
+14.7% +209.7%
2.9 0.9 2.5 OPM %
+128 bps +298 bps
4.3% 1.3% 3.0% Other income
+363.6% +142.9%
0.5 0.2 0.1 Net profit
— from loss 1.1 -0.6 0.0 PAT margin %
+155 bps +243 bps
1.6% -0.9% 0.0% EPS (₹)
— from loss 0.49 -0.29 0.01
Quality of profit
Pre-tax profit ₹1.4 Cr: core business ₹0.9 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹25.0 Cr.
Borrowings ₹7.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹83.1 ₹67.5
-18.7% below Net profit ₹0.0 ₹1.1
+999.0% above
523566
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -49% 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 0.1 Operating profit
loss widened loss widened -0.9 -0.6 -0.4 Other income
+7.9% -1.1%
1.8 1.8 1.6 Net profit
-11.9% -30.6%
0.6 0.8 0.7 EPS (₹)
-12.3% -30.9%
1.14 1.65 1.30
Quality of profit
Pre-tax profit ₹0.8 Cr: core business −₹1.0 Cr, other income ₹1.8 Cr.
Core profit YoY: loss widened
· reported profit -11.9%
Cash & debt
FY25 cash from operations ₹15.3 Cr:
257% of FY25 net profit of ₹6.0 Cr.
Borrowings ₹0.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹0.0
-100.0% below Net profit ₹1.2 ₹0.6
-48.7% below
523594
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +52% above its own trend Operating margin expanded 638 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-6.3% -3.3%
3.0 3.1 3.2 Operating profit
+56.7% +2.2%
0.5 0.5 0.3 OPM %
+638 bps +85 bps
15.9% 15.0% 9.5% Other income
+28.6% +0.0%
0.2 0.2 0.1 Net profit
+53.3% +2.2%
0.5 0.5 0.3 PAT margin %
+605 bps +83 bps
15.5% 14.7% 9.5% EPS (₹)
+52.3% +3.1%
0.67 0.65 0.44
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.4 Cr, other income ₹0.2 Cr.
Core profit YoY: +63.0%
· reported profit +53.3%
Cash & debt
FY25 cash from operations ₹2.1 Cr:
165% of FY25 net profit of ₹1.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.0 ₹3.0
-0.8% in line Net profit ₹0.3 ₹0.5
+51.6% above
523638
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 190 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
+5.6% +2.7%
83.7 81.5 79.3 Operating profit
+33.9% +5.0%
7.5 7.2 5.6 OPM %
+190 bps +20 bps
9.0% 8.8% 7.1% Other income
+277.4% +172.1%
1.2 0.4 0.3 Net profit?
from loss +82.4%
0.3 0.2 -1.0 PAT margin %
+159 bps +16 bps
0.4% 0.2% -1.2% EPS (₹)
from loss +84.6%
0.24 0.13 -0.77
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹0.2 Cr, other income ₹1.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹19.0 Cr.
Borrowings ₹104 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹76.9 ₹83.7
+8.8% above
523652
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -86% 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 narrowed -0.1 -0.1 -0.1 Other income
-25.0% +0.0%
0.1 0.1 0.2 Net profit
-71.4% —
0.0 0.0 0.1 EPS (₹)
-69.2% —
0.04 0.00 0.13
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 -71.4%
Cash & debt
FY25 cash from operations −₹0.5 Cr:
-540% of FY25 net profit of ₹0.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.1 ₹0.0
-85.7% below
523696
· 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
— +50.0%
0.0 0.0 0.0 Operating profit
loss narrowed loss widened -0.4 -0.3 -0.5 Other income
-7.1% -88.7%
0.5 4.6 0.6 Net profit?
-88.9% -99.8%
0.0 4.2 0.1 PAT margin %
— —
33.3% — — EPS (₹)
-80.0% -99.5%
0.01 2.21 0.05
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.4 Cr, other income ₹0.5 Cr.
Core profit YoY: loss narrowed
· reported profit -88.9%
Cash & debt
FY25 cash from operations ₹1.5 Cr:
385% of FY25 net profit of ₹0.4 Cr.
Borrowings nil at Mar 2025.
523722
· 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
-37.5% -16.7%
0.1 0.1 0.1 Operating profit
loss widened loss widened -0.1 -0.0 -0.0 Other income
+55.6% +250.0%
0.1 0.0 0.1 Net profit
-50.0% +300.0%
0.0 0.0 0.1 PAT margin %
-2000 bps +6333 bps
80.0% 16.7% 100.0% EPS (₹)
-60.0% +100.0%
0.02 0.01 0.05
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 -50.0%
Cash & debt
FY25 cash from operations −₹0.1 Cr:
-600% of FY25 net profit of ₹0.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.1
-60.9% below Net profit ₹0.0 ₹0.0
+0.0% in line
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, 01:15 IST
