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 14 Oct 2026, 00:15 IST 5073 declared
The next results season has started: 45 companies have filed results for the quarter ended 30 Sep 2026. See them →

Q2 FY26 scoreboard

Sales growth
+12.8%
YoY, 4407 companies combined; median +8.4%
Net profit growth
+57.5%
YoY combined; median +9.4%
Operating margin
14.3%
+96 bps YoY
Grew profit
54%
337 turnarounds, 405 into loss
Vs own profit trend
34% / 50%
above / below, 16% in line
Banks: NII growth
+6.3%
146 lenders; profit +7.3%
Price since results
-5.6%
median; 0% of 1 stocks up
Other-income heavy
1339
25%+ of pre-tax profit from other income & one-offs

Latest Q2 FY26 results 5073

Page 31 of 170

Midwest Limited

MIDWESTLTD · Building Materials · Q2 FY26 · Consolidated
M Cap
₹3,686 Cr
P/E
—
PEG
—
₹ Cr Sep 2025
Sales 159
Operating profit 46.5
OPM % 29.3%
Other income 2.1
Net profit? 27.7
PAT margin % 17.5%
EPS (₹) 8.19

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

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹37.6 Cr: core business ₹35.6 Cr, other income ₹2.1 Cr.

📊 Investor presentation (13 Aug) Detailed financials →

Moschip Technologies Limited

MOSCHIP · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹3,683 Cr
P/E
137.0
PEG
1.57
  • Profit -38% below its own trend
  • Operating margin contracted 115 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +17.2%+9.4% 148136127
Operating profit +6.4%+1.4% 16.816.615.8
OPM % -115 bps-89 bps 11.3%12.2%12.5%
Other income +40.6%+149.1% 1.40.61.0
Net profit? +24.9%+11.5% 12.210.99.7
PAT margin % +51 bps+15 bps 8.2%8.0%7.7%
EPS (₹) +23.5%+10.5% 0.630.570.51

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹12.6 Cr: core business ₹11.2 Cr, other income ₹1.4 Cr.

Core profit YoY: +28.1% · reported profit +24.9%

Cash & debt

FY25 cash from operations ₹100 Cr: 299% of FY25 net profit of ₹33.5 Cr.

Borrowings ₹21.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹216₹148 -31.5% below
Net profit₹19.5₹12.2 -37.6% below
Detailed financials →

Orient Electric Limited

ORIENTELEC · Consumer Durables & Appliances · Q2 FY26 · Standalone
M Cap
₹3,681 Cr
P/E
33.6
PEG
3.36
  • Core business grew faster than reported profit (core profit +40%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +6.5%-8.6% 703769660
Operating profit +5.6%-17.4% 38.046.036.0
OPM % -5 bps-58 bps 5.4%6.0%5.5%
Other income -50.0%+0.0% 2.02.04.0
Net profit +20.0%-33.3% 12.018.010.0
PAT margin % +19 bps-63 bps 1.7%2.3%1.5%
EPS (₹) +16.3%-30.5% 0.570.820.49

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹16.0 Cr: core business ₹14.0 Cr, other income ₹2.0 Cr.

Core profit YoY: +40.0% · reported profit +20.0%

Cash & debt

FY25 cash from operations ₹88.0 Cr: 107% of FY25 net profit of ₹82.0 Cr.

Borrowings ₹86.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹720₹703 -2.3% in line
Net profit₹12.1₹12.0 -0.4% in line
📊 Investor presentation (22 Jul) Detailed financials →

V.S.T Tillers Tractors Limited

VSTTILLERS · Tractors & Farm Machinery · Q2 FY26 · Consolidated
M Cap
₹3,672 Cr
P/E
33.7
PEG
6.74
  • Profit -42% below its own trend
  • Core business grew faster than reported profit (core profit +11%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +11.2%+11.6% 315282283
Operating profit +9.1%+9.1% 40.937.537.5
OPM % -25 bps-30 bps 13.0%13.3%13.2%
Other income -91.8%-91.4% 2.225.626.8
Net profit? -44.2%-43.5% 25.044.244.8
PAT margin % -788 bps-773 bps 7.9%15.7%15.8%
EPS (₹) -44.3%-43.5% 28.9051.1651.85

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹36.1 Cr: core business ₹33.9 Cr, other income ₹2.2 Cr.

Core profit YoY: +11.2% · reported profit -44.2%

Cash & debt

FY25 cash from operations ₹77.0 Cr: 83% of FY25 net profit of ₹93.0 Cr.

Borrowings ₹2.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹339₹315 -7.0% below
Net profit₹43.3₹25.0 -42.3% below
📊 Investor presentation (13 Aug) Detailed financials →

Heritage Foods Limited

HERITGFOOD · Packaged Foods & Food Processing · Q2 FY26 · Consolidated
M Cap
₹3,659 Cr
P/E
27.1
PEG
0.71
  • Profit -18% below its own trend
  • Operating margin contracted 123 bps YoY
  • Exceptional items of ₹9.4 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +9.1%-2.1% 1,1131,1371,020
Operating profit -7.3%+4.5% 77.273.983.2
OPM % -123 bps+44 bps 6.9%6.5%8.2%
Other income -5.2%-2.0% 5.25.35.4
Net profit? +4.9%+25.8% 51.040.548.6
PAT margin % -19 bps+102 bps 4.6%3.6%4.8%
EPS (₹) +5.0%+25.9% 5.504.375.24

Quality of profit

Core 79%Other income & one-offs 21%

Pre-tax profit ₹67.8 Cr: core business ₹53.2 Cr, other income ₹5.2 Cr, exceptional & other items ₹9.4 Cr.

Core profit YoY: -14.2% · reported profit +4.9%

Cash & debt

FY25 cash from operations ₹214 Cr: 114% of FY25 net profit of ₹188 Cr.

Borrowings ₹175 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,121₹1,113 -0.8% in line
Net profit₹62.1₹51.0 -17.9% below
📊 Investor presentation (16 Jul) Detailed financials →

Steelcast Limited

STEELCAS · Castings & Forgings · Q2 FY26 · Standalone
M Cap
₹3,658 Cr
P/E
40.4
PEG
5.77
  • Profit +92% above its own trend
  • Operating margin expanded 254 bps YoY
  • FY25 operating cash flow was only 5% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +40.5%-0.0% 10710775.9
Operating profit +54.3%+10.7% 30.227.319.6
OPM % +254 bps+274 bps 28.3%25.6%25.8%
Other income +164.9%+45.2% 4.02.71.5
Net profit +74.6%+16.8% 23.219.913.3
PAT margin % +425 bps+313 bps 21.8%18.6%17.5%
EPS (₹) +74.3%+16.6% 2.29adj. 1.96adj. 1.31

EPS restated for the ₹5 to ₹1 split of Aug 2025: Jun 2025 ₹9.82 to ₹1.96; Sep 2024 ₹6.57 to ₹1.31.

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹30.9 Cr: core business ₹27.0 Cr, other income ₹4.0 Cr.

Core profit YoY: +64.6% · reported profit +74.6%

Cash & debt

FY25 cash from operations ₹74.0 Cr: 5% of FY25 net profit of ₹1,352 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹71.1₹107 +49.9% above
Net profit₹12.1₹23.2 +92.2% above
📊 Investor presentation (29 Jul) Detailed financials →

Kirloskar Industries Limited

KIRLOSIND · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹3,643 Cr
P/E
10.8
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +4.5%+3.8% 1,7821,7171,706
Operating profit +9.9%+6.4% 233219212
OPM % +65 bps+32 bps 13.1%12.8%12.4%
Other income -31.6%-7.1% 13.014.019.0
Net profit? +7.0%+2.6% 98.095.591.6
PAT margin % +13 bps-6 bps 5.5%5.6%5.4%
EPS (₹) -1.5%+16.8% 49.1742.1149.94

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹145 Cr: core business ₹132 Cr, other income ₹13.0 Cr.

Core profit YoY: +18.9% · reported profit +7.0%

Cash & debt

FY25 cash from operations ₹598 Cr: 194% of FY25 net profit of ₹308 Cr.

Borrowings ₹1,283 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,815₹1,782 -1.8% in line
Net profit₹109₹98.0 -10.0% in line
Detailed financials →

Kaveri Seed Company Limited

KSCL · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹3,628 Cr
P/E
12.3
PEG
1.11
  • Operating margin contracted 154 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +59.3%-74.5% 219859137
Operating profit loss widenedto loss -6.3338-1.9
OPM % -154 bps-4228 bps -2.9%39.4%-1.4%
Other income -54.8%-40.0% 5.99.913.1
Net profit? loss widenedto loss -16.2327-0.9
PAT margin % -674 bps-4551 bps -7.4%38.1%-0.7%
EPS (₹) loss widenedto loss -3.0263.76-0.33

Quality of profit

Pre-tax profit −₹15.1 Cr: core business −₹21.0 Cr, other income ₹5.9 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹197 Cr: 70% of FY25 net profit of ₹282 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹137₹219 +60.3% above
📊 Investor presentation (13 Aug) Detailed financials →

Aimtron Electronics Limited

AIMTRON · Electronic Components · H1 FY26 · Consolidated
M Cap
₹3,604 Cr
P/E
77.9
PEG
—
  • Operating margin contracted 130 bps YoY
  • Core business grew faster than reported profit (core profit +108%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +111.4%+20.2% 12310258.0
Operating profit +100.7%+58.5% 30.119.015.0
OPM % -130 bps+593 bps 24.6%18.6%25.9%
Other income +7.3%-46.3% 1.12.01.0
Net profit? +84.4%+44.9% 20.314.011.0
PAT margin % -242 bps+282 bps 16.5%13.7%19.0%
EPS (₹) +81.4%+40.4% 9.947.085.48

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹28.2 Cr: core business ₹27.1 Cr, other income ₹1.1 Cr.

Core profit YoY: +108.4% · reported profit +84.4%

Cash & debt

FY25 cash from operations −₹19.0 Cr.

Borrowings ₹1.0 Cr at Mar 2025.

Detailed financials →

TARC Limited

TARC · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹3,596 Cr
P/E
—
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +59.4%-90.9% 6.975.94.3
Operating profit loss widenedloss narrowed -35.6-120-24.4
Other income —-87.6% 27.22190.7
Net profit? loss narrowedto loss -15.854.2-67.4
EPS (₹) loss narrowedto loss -0.531.84-2.28

Quality of profit

Pre-tax profit −₹22.0 Cr: core business −₹49.3 Cr, other income ₹27.2 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹43.0 Cr.

Borrowings ₹1,954 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4.9₹6.9 +41.6% above
📊 Investor presentation (11 Aug) Detailed financials →

Rane (Madras) Limited

RML · Auto Components · Q2 FY26 · Consolidated
M Cap
₹3,589 Cr
P/E
30.1
PEG
0.64
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 181 bps YoY
  • Exceptional items of ₹-1.6 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +73.8%+4.4% 919881529
Operating profit +120.3%+5.4% 78.874.735.8
OPM % +181 bps+8 bps 8.6%8.5%6.8%
Other income +144.9%+7.6% 4.13.81.7
Net profit? from loss+15.9% 21.518.5-0.7
PAT margin % +246 bps+23 bps 2.3%2.1%-0.1%
EPS (₹) from loss+16.0% 7.776.70-0.42

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹29.7 Cr: core business ₹27.2 Cr, other income ₹4.1 Cr, exceptional & other items −₹1.6 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹316 Cr: 3499% of FY25 net profit of ₹9.0 Cr.

Borrowings ₹813 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹711₹919 +29.3% above
📊 Investor presentation (20 Aug) Detailed financials →

RattanIndia Power Limited

RTNPOWER · Power Generation & Utilities · Q2 FY26 · Consolidated
M Cap
₹3,582 Cr
P/E
32.2
PEG
1.19
  • Operating margin contracted 586 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -4.2%-20.5% 654822682
Operating profit -45.0%-46.5% 51.796.793.9
OPM % -586 bps-385 bps 7.9%11.8%13.8%
Other income +0.8%-9.3% 89.798.989.0
Net profit? loss widenedloss widened -31.6-13.1-1.4
PAT margin % -463 bps-323 bps -4.8%-1.6%-0.2%
EPS (₹) —loss widened -0.06-0.020.00

Quality of profit

Pre-tax profit −₹31.6 Cr: core business −₹121 Cr, other income ₹89.7 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹410 Cr: 185% of FY25 net profit of ₹222 Cr.

Borrowings ₹3,615 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹611₹654 +7.0% above
Detailed financials →

Styrenix Performance Materials Limited

STYRENIX · Petrochemicals · Q2 FY26 · Consolidated
M Cap
₹3,560 Cr
P/E
13.1
PEG
—
  • Profit -46% below its own trend
  • Operating margin contracted 449 bps YoY
  • FY25 operating cash flow was only 23% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +22.3%-15.4% 799944653
Operating profit -14.0%-11.5% 85.096.098.8
OPM % -449 bps+47 bps 10.6%10.2%15.1%
Other income -52.8%+0.0% 3.03.06.4
Net profit? -35.8%-13.5% 45.052.070.1
PAT margin % -510 bps+12 bps 5.6%5.5%10.7%
EPS (₹) -36.2%-13.9% 25.4329.5239.86

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹57.0 Cr: core business ₹54.0 Cr, other income ₹3.0 Cr.

Core profit YoY: -38.7% · reported profit -35.8%

Cash & debt

FY25 cash from operations ₹54.0 Cr: 23% of FY25 net profit of ₹234 Cr.

Borrowings ₹397 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹906₹799 -11.8% below
Net profit₹83.2₹45.0 -45.9% below
📊 Investor presentation (05 Aug) Detailed financials →

Pace Digitek Limited

PACEDIGITK · Telecom Equipment & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹3,543 Cr
P/E
11.2
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +45.4% 533367
Operating profit +17.6% 94.180.0
OPM % -416 bps 17.6%21.8%
Other income +69.0% 10.16.0
Net profit? +23.4% 67.955.0
PAT margin % -227 bps 12.7%15.0%
EPS (₹) +18.5% 3.593.03

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹95.6 Cr: core business ₹85.5 Cr, other income ₹10.1 Cr.

📊 Investor presentation (09 Jan) Detailed financials →

Grauer & Weil

GRAUWEIL · Chemicals · Q2 FY26 · Consolidated
M Cap
₹3,534 Cr
P/E
21.4
PEG
1.65
  • Operating margin contracted 198 bps YoY
  • 72% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -19%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +14.3%+14.9% 291253255
Operating profit +0.7%-18.2% 43.052.642.7
OPM % -198 bps-598 bps 14.8%20.8%16.8%
Other income -20.3%-13.7% 11.012.713.8
Net profit? +3.7%-10.6% 39.043.637.6
PAT margin % -136 bps-382 bps 13.4%17.2%14.8%
EPS (₹) +2.4%-11.5% 0.850.960.83

Quality of profit

Core 28%Other income & one-offs 72%

Pre-tax profit ₹107 Cr: core business ₹29.7 Cr, other income ₹11.0 Cr, exceptional & other items ₹66.0 Cr.

Core profit YoY: -19.2% · reported profit +3.7%

Cash & debt

FY25 cash from operations ₹144 Cr: 97% of FY25 net profit of ₹149 Cr.

Borrowings ₹12.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹256₹291 +13.7% above
Net profit₹37.7₹39.0 +3.3% in line
Detailed financials →

CMS Info Systems Limited

CMSINFO · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹3,530 Cr
P/E
12.0
PEG
6.01
  • Profit -25% below its own trend
  • Operating margin contracted 192 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -2.5%-3.0% 609627625
Operating profit -10.2%-13.0% 137158153
OPM % -192 bps-259 bps 22.6%25.2%24.5%
Other income -20.2%-33.3% 10.916.413.7
Net profit? -19.3%-21.6% 73.493.690.9
PAT margin % -251 bps-286 bps 12.1%14.9%14.6%
EPS (₹) -20.1%-21.6% 4.465.695.58

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹95.6 Cr: core business ₹84.7 Cr, other income ₹10.9 Cr.

Core profit YoY: -22.2% · reported profit -19.3%

Cash & debt

FY25 cash from operations ₹483 Cr: 130% of FY25 net profit of ₹372 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹639₹609 -4.7% in line
Net profit₹97.2₹73.4 -24.5% below
📊 Investor presentation (11 Aug) Detailed financials →

GHCL Limited

GHCL · Chemicals · Q2 FY26 · Standalone
M Cap
₹3,528 Cr
P/E
7.5
PEG
—
  • Profit -40% below its own trend
  • Operating margin contracted 484 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -9.1%-9.4% 721796793
Operating profit -25.6%-20.3% 157197211
OPM % -484 bps-297 bps 21.8%24.7%26.6%
Other income +3.9%-33.3% 18.027.017.3
Net profit -30.8%-26.2% 107145155
PAT margin % -468 bps-338 bps 14.8%18.2%19.5%
EPS (₹) -31.3%-25.9% 11.1715.0716.27

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹145 Cr: core business ₹127 Cr, other income ₹18.0 Cr.

Core profit YoY: -29.0% · reported profit -30.8%

Cash & debt

FY25 cash from operations ₹638 Cr: 102% of FY25 net profit of ₹626 Cr.

Borrowings ₹119 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹767₹721 -6.0% below
Net profit₹178₹107 -40.0% below
📊 Investor presentation (01 Aug) Detailed financials →

Vardhman Special Steels Limited

VSSL · Iron & Steel · Q2 FY26 · Standalone
M Cap
₹3,522 Cr
P/E
24.4
PEG
3.49
  • Profit +55% above its own trend
  • Operating margin expanded 254 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -12.7%-0.5% 432434495
Operating profit +15.4%+40.6% 45.032.039.0
OPM % +254 bps+304 bps 10.4%7.4%7.9%
Other income +22.2%+37.5% 11.08.09.0
Net profit +34.6%+75.0% 35.020.026.0
PAT margin % +285 bps+349 bps 8.1%4.6%5.3%
EPS (₹) +12.9%+47.3% 3.582.433.17

Quality of profit

Core 76%Other income & one-offs 24%

Pre-tax profit ₹46.0 Cr: core business ₹35.0 Cr, other income ₹11.0 Cr.

Core profit YoY: +34.6% · reported profit +34.6%

Cash & debt

FY25 cash from operations ₹127 Cr: 136% of FY25 net profit of ₹93.3 Cr.

Borrowings ₹120 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹525₹432 -17.7% below
Net profit₹22.6₹35.0 +54.5% above
📊 Investor presentation (22 Jul) Detailed financials →

Jash Engineering Limited

JASH · Engineering & Capital Goods · Q2 FY26 · Consolidated
M Cap
₹3,517 Cr
P/E
37.2
PEG
2.66
  • Profit -55% below its own trend
  • Operating margin contracted 520 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +12.9%+23.8% 158128140
Operating profit -20.0%from loss 20.0-4.025.0
OPM % -520 bps+1579 bps 12.7%-3.1%17.9%
Other income -50.0%-60.0% 2.05.04.0
Net profit? -31.2%from loss 11.0-5.016.0
PAT margin % -447 bps+1088 bps 7.0%-3.9%11.4%
EPS (₹) -30.9%from loss 1.77-0.812.56

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹14.0 Cr: core business ₹12.0 Cr, other income ₹2.0 Cr.

Core profit YoY: -36.8% · reported profit -31.2%

Cash & debt

FY25 cash from operations ₹55.0 Cr: 63% of FY25 net profit of ₹87.0 Cr.

Borrowings ₹99.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹188₹158 -15.9% below
Net profit₹24.3₹11.0 -54.8% below
📊 Investor presentation (11 Aug) Detailed financials →

Raymond Lifestyle Limited

RAYMONDLSL · Textiles · Q2 FY26 · Consolidated
M Cap
₹3,502 Cr
P/E
80.9
PEG
—
  • Profit +256% above its own trend
  • 27% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -12%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.2%+28.1% 1,8321,4301,708
Operating profit +5.2%+193.5% 22677.0215
OPM % -24 bps+695 bps 12.3%5.4%12.6%
Other income +3.9%-37.1% 28.044.526.9
Net profit? +77.8%from loss 75.0-19.842.2
PAT margin % +162 bps+548 bps 4.1%-1.4%2.5%
EPS (₹) +78.3%from loss 12.34-3.256.92

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹103 Cr: core business ₹75.0 Cr, other income ₹28.0 Cr.

Core profit YoY: -12.1% · reported profit +77.8%

Cash & debt

FY25 cash from operations ₹404 Cr: 1053% of FY25 net profit of ₹38.4 Cr.

Borrowings ₹2,288 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,677₹1,832 +9.2% above
Net profit₹21.1₹75.0 +255.6% above
📊 Investor presentation (31 Jul) Detailed financials →

Bajaj Electricals Limited

BAJAJELEC · Consumer Durables & Appliances · Q2 FY26 · Consolidated
M Cap
₹3,498 Cr
P/E
—
PEG
—
  • Profit +13% above its own trend
  • 65% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -0.3%+4.7% 1,1151,0651,118
Operating profit +10.4%+71.0% 57.033.351.6
OPM % +50 bps+198 bps 5.1%3.1%4.6%
Other income -47.3%-73.6% 8.030.315.2
Net profit? -23.6%+983.5% 9.90.912.9
PAT margin % -27 bps+80 bps 0.9%0.1%1.2%
EPS (₹) -24.1%+962.5% 0.850.081.12

Quality of profit

Core 34%Other income & one-offs 66%

Pre-tax profit ₹20.3 Cr: core business ₹7.0 Cr, other income ₹8.0 Cr, exceptional & other items ₹5.3 Cr.

Core profit YoY: from loss · reported profit -23.6%

Cash & debt

FY25 cash from operations ₹347 Cr: 261% of FY25 net profit of ₹133 Cr.

Borrowings ₹243 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,149₹1,115 -3.0% in line
Net profit₹8.7₹9.9 +12.7% above
Detailed financials →

RattanIndia Enterprises Limited

RTNINDIA · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹3,484 Cr
P/E
—
PEG
—
  • Operating margin contracted 739 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +18.0%-8.2% 2,1242,3131,801
Operating profit loss widenedto loss -436609-237
OPM % -739 bps-4686 bps -20.5%26.3%-13.2%
Other income —+0.6% 3.63.60.2
Net profit? loss widenedto loss -397502-242
PAT margin % -525 bps-4039 bps -18.7%21.7%-13.4%
EPS (₹) loss widenedto loss -2.873.64-1.75

Quality of profit

Pre-tax profit −₹456 Cr: core business −₹459 Cr, other income ₹3.6 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹306 Cr: 377% of FY25 net profit of ₹81.1 Cr.

Borrowings ₹923 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,050₹2,124 +3.6% in line
Detailed financials →

Uniparts India Limited

UNIPARTS · Engineering & Capital Goods · Q2 FY26 · Consolidated
M Cap
₹3,477 Cr
P/E
19.3
PEG
—
  • Profit +143% above its own trend
  • Operating margin expanded 582 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +14.7%+1.2% 277274241
Operating profit +58.7%+11.0% 58.052.336.6
OPM % +582 bps+186 bps 21.0%19.1%15.2%
Other income +10.5%+7.2% 5.95.55.3
Net profit? +86.3%+14.3% 39.434.521.1
PAT margin % +547 bps+163 bps 14.2%12.6%8.8%
EPS (₹) +86.5%+14.3% 8.737.644.68

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹50.5 Cr: core business ₹44.6 Cr, other income ₹5.9 Cr.

Core profit YoY: +100.8% · reported profit +86.3%

Cash & debt

FY25 cash from operations ₹182 Cr: 207% of FY25 net profit of ₹88.1 Cr.

Borrowings ₹120 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹204₹277 +35.4% above
Net profit₹16.2₹39.4 +142.7% above
📊 Investor presentation (10 Feb) Detailed financials →

Lux Industries Limited

LUXIND · Textiles · Q2 FY26 · Consolidated
M Cap
₹3,464 Cr
P/E
32.8
PEG
—
  • Profit -61% below its own trend
  • Operating margin contracted 390 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +15.0%+28.9% 779604677
Operating profit -32.0%+24.4% 43.935.364.6
OPM % -390 bps-20 bps 5.6%5.8%9.5%
Other income -62.3%-42.2% 5.29.113.9
Net profit? -55.3%-0.8% 23.123.251.6
PAT margin % -466 bps-89 bps 3.0%3.8%7.6%
EPS (₹) -54.2%-0.5% 7.807.8417.02

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹31.5 Cr: core business ₹26.2 Cr, other income ₹5.2 Cr.

Core profit YoY: -51.2% · reported profit -55.3%

Cash & debt

FY25 cash from operations −₹81.0 Cr: -49% of FY25 net profit of ₹165 Cr.

Borrowings ₹317 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹774₹779 +0.7% in line
Net profit₹59.6₹23.1 -61.3% below
📊 Investor presentation (14 Aug) Detailed financials →

Refex Industries Limited

REFEX · Trading & Distribution · Q2 FY26 · Consolidated
M Cap
₹3,458 Cr
P/E
12.6
PEG
0.45
  • Operating margin expanded 771 bps YoY
  • Core business grew faster than reported profit (core profit +69%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -19.1%+11.4% 427383528
Operating profit +51.8%+86.3% 70.537.846.4
OPM % +771 bps+664 bps 16.5%9.9%8.8%
Other income -26.6%-51.2% 5.210.77.1
Net profit? +45.8%+120.4% 45.320.531.1
PAT margin % +472 bps+525 bps 10.6%5.4%5.9%
EPS (₹) +34.6%+120.1% 3.501.592.60

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹63.9 Cr: core business ₹58.7 Cr, other income ₹5.2 Cr.

Core profit YoY: +69.4% · reported profit +45.8%

Cash & debt

FY25 cash from operations −₹265 Cr: -167% of FY25 net profit of ₹158 Cr.

Borrowings ₹286 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹880₹427 -51.5% below
Net profit₹45.6₹45.3 -0.6% in line
📊 Investor presentation (29 Jul) Detailed financials →

Anand Rathi Share and Stock Brokers Limited

ARSSBL · Capital Markets & Broking · Q2 FY26 · Consolidated
M Cap
₹3,429 Cr
P/E
23.8
PEG
0.47
  • Operating margin expanded 374 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -1.7%+12.9% 227201231
Operating profit +8.1%+24.0% 93.075.086.0
OPM % +374 bps+366 bps 41.0%37.3%37.2%
Other income —+0.0% 1.01.00.0
Net profit? -15.2%+21.7% 28.023.033.0
PAT margin % -195 bps+89 bps 12.3%11.4%14.3%
EPS (₹) -40.3%-13.4% 4.455.147.45

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹38.0 Cr: core business ₹36.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -20.0% · reported profit -15.2%

Cash & debt

FY25 cash from operations ₹692 Cr: 665% of FY25 net profit of ₹104 Cr.

Borrowings ₹914 Cr at Mar 2025.

📊 Investor presentation (14 Jul) Detailed financials →

Nitin Spinners Limited

NITINSPIN · Textiles · Q2 FY26 · Standalone
M Cap
₹3,427 Cr
P/E
16.2
PEG
5.39
  • Profit -34% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -7.6%-4.2% 760793823
Operating profit -13.5%-10.3% 99.6111115
OPM % -90 bps-90 bps 13.1%14.0%14.0%
Other income -4.7%-67.9% 0.62.00.7
Net profit -17.5%-15.2% 34.841.042.2
PAT margin % -55 bps-59 bps 4.6%5.2%5.1%
EPS (₹) -17.5%-15.1% 6.197.297.50

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹46.9 Cr: core business ₹46.2 Cr, other income ₹0.6 Cr.

Core profit YoY: -17.9% · reported profit -17.5%

Cash & debt

FY25 cash from operations ₹307 Cr: 175% of FY25 net profit of ₹175 Cr.

Borrowings ₹1,165 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹891₹760 -14.7% below
Net profit₹53.1₹34.8 -34.5% below
📊 Investor presentation (08 Aug) Detailed financials →

Vaibhav Global Limited

VAIBHAVGBL · Gems & Jewellery · Q2 FY26 · Consolidated
M Cap
₹3,426 Cr
P/E
12.0
PEG
0.33
  • Profit +25% above its own trend
  • Operating margin expanded 129 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +10.2%+7.8% 877814796
Operating profit +29.0%+25.1% 77.662.060.2
OPM % +129 bps+123 bps 8.8%7.6%7.6%
Other income +18.9%-19.0% 10.513.08.9
Net profit? +71.2%+25.1% 47.638.027.8
PAT margin % +193 bps+75 bps 5.4%4.7%3.5%
EPS (₹) +69.6%+26.1% 2.852.261.68

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹60.2 Cr: core business ₹49.7 Cr, other income ₹10.5 Cr.

Core profit YoY: +63.2% · reported profit +71.2%

Cash & debt

FY25 cash from operations ₹165 Cr: 108% of FY25 net profit of ₹153 Cr.

Borrowings ₹228 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹867₹877 +1.2% in line
Net profit₹38.1₹47.6 +24.8% above
📊 Investor presentation (04 Aug) Detailed financials →

Kiri Industries Limited

KIRIINDUS · Dyes & Pigments · Q2 FY26 · Consolidated
M Cap
₹3,424 Cr
P/E
0.6
PEG
—
  • Profit -82% below its own trend
  • Operating margin contracted 1284 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -21.8%+5.4% 213202272
Operating profit to lossloss narrowed -14.0-16.217.0
OPM % -1284 bps+144 bps -6.6%-8.0%6.3%
Other income -79.5%-97.1% 1.034.84.9
Net profit? -75.1%+97.3% 20.010.180.3
PAT margin % -2011 bps+438 bps 9.4%5.0%29.5%
EPS (₹) -78.9%+71.2% 3.271.9115.49

Quality of profit

Pre-tax profit −₹85.0 Cr: core business −₹87.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: loss widened · reported profit -75.1%

Cash & debt

FY25 cash from operations −₹342 Cr: -137% of FY25 net profit of ₹250 Cr.

Borrowings ₹1,124 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹215₹213 -0.9% in line
Net profit₹112₹20.0 -82.2% below
📊 Investor presentation (12 Aug) Detailed financials →

VST Industries Limited

VSTIND · Cigarettes & Tobacco · Q2 FY26 · Consolidated
M Cap
₹3,416 Cr
P/E
11.7
PEG
2.92
  • Operating margin expanded 279 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -2.3%+8.8% 450414461
Operating profit +16.3%+2.1% 78.677.067.6
OPM % +279 bps-113 bps 17.5%18.6%14.7%
Other income +49.2%+10.5% 11.910.88.0
Net profit? +24.5%+5.5% 59.256.147.6
PAT margin % +283 bps-41 bps 13.1%13.6%10.3%
EPS (₹) +24.6%+5.8% 3.493.302.80

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹78.4 Cr: core business ₹66.5 Cr, other income ₹11.9 Cr.

Core profit YoY: +17.3% · reported profit +24.5%

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