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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523842
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -22% below its own trend Operating margin expanded 183 bps YoY 47% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-20.4% -8.3%
62.1 67.8 78.1 Operating profit
+9.1% -26.1%
4.2 5.7 3.9 OPM %
+183 bps -163 bps
6.8% 8.4% 4.9% Other income
-49.5% -13.0%
0.5 0.5 0.9 Net profit?
-26.1% -68.5%
0.7 2.2 0.9 PAT margin %
-8 bps -209 bps
1.1% 3.2% 1.2% EPS (₹)
-33.3% -70.0%
0.06 0.20 0.09
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.5 Cr, other income ₹0.5 Cr.
Core profit YoY: -25.4%
· reported profit -26.1%
Cash & debt
FY25 cash from operations ₹46.0 Cr:
694% of FY25 net profit of ₹6.6 Cr.
Borrowings ₹73.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹92.5 ₹62.1
-32.8% below Net profit ₹0.9 ₹0.7
-22.1% below
523874
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +113% above its own trend 74% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -75%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-20.8% -0.2%
65.7 65.8 83.0 Operating profit
-25.4% -30.7%
3.4 4.9 4.5 OPM %
-32 bps -225 bps
5.1% 7.4% 5.4% Other income
+387.5% +550.0%
1.2 0.2 0.2 Net profit
+71.3% +26.8%
1.6 1.3 0.9 PAT margin %
+132 bps +52 bps
2.5% 1.9% 1.1% EPS (₹)
+70.3% +26.7%
1.09 0.86 0.64
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹0.4 Cr, other income ₹1.2 Cr.
Core profit YoY: -75.0%
· reported profit +71.3%
Cash & debt
FY25 cash from operations ₹25.0 Cr:
693% of FY25 net profit of ₹3.6 Cr.
Borrowings ₹56.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.8 ₹1.6
+113.0% above
524210
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +16% above its own trend Operating margin expanded 2124 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
+345.5% -80.6%
1.0 5.1 0.2 Operating profit
from loss -93.2%
0.0 0.4 -0.0 OPM %
+2124 bps -563 bps
3.1% 8.7% -18.2% Other income
-26.7% +175.0%
0.1 0.0 0.1 Net profit
+27.3% -70.8%
0.1 0.5 0.1 PAT margin %
-3571 bps +480 bps
14.3% 9.5% 50.0% EPS (₹)
+22.2% -71.4%
0.22 0.77 0.18
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit +27.3%
Cash & debt
FY25 cash from operations ₹0.2 Cr:
85% of FY25 net profit of ₹0.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.1 ₹0.1
+15.7% above
524238
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -93% below its own trend Operating margin contracted 437 bps YoY 67% 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
-81.6% -34.7%
1.6 2.4 8.6 Operating profit
-94.4% -70.0%
0.0 0.1 0.5 OPM %
-437 bps -223 bps
1.9% 4.1% 6.3% Other income
-64.7% —
0.1 0.0 0.2 Net profit
-88.5% +0.0%
0.1 0.1 0.6 PAT margin %
-265 bps +154 bps
4.4% 2.9% 7.1% EPS (₹)
-100.0% —
0.00 0.00 0.04
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: -94.4%
· reported profit -88.5%
Cash & debt
FY25 cash from operations −₹1.6 Cr:
-153% of FY25 net profit of ₹1.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.8 ₹1.6
-76.9% below Net profit ₹1.1 ₹0.1
-93.4% below
524400
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -51% below its own trend Operating margin contracted 148 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
-6.1% -43.1%
3.1 5.4 3.3 Operating profit
-25.0% -47.1%
0.2 0.3 0.2 OPM %
-148 bps -43 bps
5.9% 6.3% 7.3% Other income
+40.0% -22.2%
0.1 0.1 0.1 Net profit
-26.3% -53.3%
0.1 0.3 0.2 PAT margin %
-125 bps -100 bps
4.6% 5.6% 5.8% EPS (₹)
-26.6% -53.0%
0.47 1.00 0.64
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: -28.6%
· reported profit -26.3%
Cash & debt
FY25 cash from operations −₹3.6 Cr:
-418% of FY25 net profit of ₹0.9 Cr.
Borrowings ₹3.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.8 ₹3.1
-18.4% below Net profit ₹0.3 ₹0.1
-51.5% below
524408
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1039 bps YoY 63% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+6.8% -20.0%
97.1 121 90.9 Operating profit
from loss +187.3%
4.5 1.6 -5.2 OPM %
+1039 bps +337 bps
4.7% 1.3% -5.7% Other income
+30.8% +183.3%
0.5 0.2 0.4 Net profit
from loss from loss 0.8 -2.5 -8.2 PAT margin %
+982 bps +285 bps
0.8% -2.1% -9.0% EPS (₹)
from loss from loss 1.81 -5.98 -19.57
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.3 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹23.0 Cr:
719% of FY25 net profit of ₹3.2 Cr.
Borrowings ₹79.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹84.7 ₹97.1
+14.6% above
524444
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -71% below its own trend Operating margin contracted 369 bps YoY 86% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -92%) Operating cash flow was negative in FY25 despite a profit Borrowings up 217% since Mar 2025
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-3.7% +16.5%
25.7 22.1 26.7 Operating profit
-90.8% -90.7%
0.1 1.1 1.1 OPM %
-369 bps -450 bps
0.4% 4.9% 4.1% Other income
— —
0.4 0.0 0.0 Net profit?
-60.6% -41.3%
0.4 0.6 0.9 PAT margin %
-208 bps -141 bps
1.4% 2.9% 3.5% EPS (₹)
-100.0% —
0.00 0.00 0.01
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.1 Cr, other income ₹0.4 Cr.
Core profit YoY: -92.5%
· reported profit -60.6%
Cash & debt
FY25 cash from operations −₹2.0 Cr:
-124% of FY25 net profit of ₹1.6 Cr.
Borrowings ₹1,222 Cr at Sep 2025, against ₹386 Cr at Mar 2025 (+217% ).
Against its own trend ?
Trend Actual Gap
Sales ₹47.4 ₹25.7
-45.7% below Net profit ₹1.3 ₹0.4
-71.3% below
524458
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +350% above its own trend Operating margin expanded 1687 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
+208.8% +82.5%
2.8 1.5 0.9 Operating profit
loss narrowed to loss -0.0 0.1 -0.2 OPM %
+1687 bps -785 bps
-0.7% 7.1% -17.6% Other income
-25.0% +0.0%
0.1 0.1 0.2 Net profit
+800.0% -40.0%
0.1 0.1 0.0 PAT margin %
+210 bps -654 bps
3.2% 9.7% 1.1% EPS (₹)
+900.0% -41.2%
0.10 0.17 0.01
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 +800.0%
Cash & debt
FY25 cash from operations ₹0.4 Cr:
106% of FY25 net profit of ₹0.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.7 ₹2.8
+324.8% above Net profit ₹0.0 ₹0.1
+350.0% above
524480
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +115% above its own trend Operating margin contracted 599 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
-34.7% -79.4%
32.0 155 49.0 Operating profit
-66.7% —
2.0 0.0 6.0 OPM %
-599 bps +625 bps
6.2% 0.0% 12.2% Other income
+10.5% +5.0%
21.0 20.0 19.0 Net profit?
+7.7% +75.0%
14.0 8.0 13.0 PAT margin %
+1722 bps +3859 bps
43.8% 5.2% 26.5% EPS (₹)
+0.3% +63.6%
18.99 11.61 18.93
Quality of profit
Pre-tax profit ₹15.0 Cr: core business −₹5.0 Cr, other income ₹21.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: to loss
· reported profit +7.7%
Cash & debt
FY25 cash from operations −₹28.0 Cr.
Borrowings ₹101 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹80.1 ₹32.0
-60.1% below Net profit ₹6.5 ₹14.0
+115.4% above
524506
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +18% above its own trend Operating margin expanded 576 bps YoY 41% 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
-41.0% +1.1%
19.0 18.8 32.2 Operating profit
-24.1% +126.6%
4.9 2.2 6.5 OPM %
+576 bps +1438 bps
26.0% 11.6% 20.2% Other income
+19.3% +47.8%
3.0 2.0 2.5 Net profit
-8.8% +127.3%
5.8 2.6 6.4 PAT margin %
+1079 bps +1698 bps
30.6% 13.6% 19.8% EPS (₹)
-8.8% +127.2%
16.29 7.17 17.86
Quality of profit
Pre-tax profit ₹7.4 Cr: core business ₹4.4 Cr, other income ₹3.0 Cr.
Core profit YoY: -26.7%
· reported profit -8.8%
Cash & debt
FY25 cash from operations −₹1.0 Cr:
-4% of FY25 net profit of ₹24.1 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹36.2 ₹19.0
-47.4% below Net profit ₹5.0 ₹5.8
+17.5% above
524516
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.0 -0.1 -0.1 Other income
-91.1% -95.0%
0.1 1.0 0.6 Net profit
-97.9% -98.5%
0.0 0.7 0.5 EPS (₹)
-98.8% -97.9%
0.01 0.47 0.81
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit -97.9%
Cash & debt
FY25 cash from operations ₹0.4 Cr:
98% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
524576
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -17% below its own trend Operating margin expanded 126 bps YoY 65% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+97.7% +32.2%
13.9 10.5 7.0 Operating profit
+181.0% +168.2%
0.6 0.2 0.2 OPM %
+126 bps +215 bps
4.2% 2.1% 3.0% Other income
-11.8% +0.0%
0.1 0.1 0.2 Net profit
+41.7% +54.5%
0.2 0.1 0.1 PAT margin %
-48 bps +18 bps
1.2% 1.0% 1.7% EPS (₹)
+46.2% +58.3%
0.19 0.12 0.13
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit +41.7%
Cash & debt
FY25 cash from operations ₹2.2 Cr:
574% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹2.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.9 ₹13.9
+103.0% above Net profit ₹0.2 ₹0.2
-16.7% below
524582
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -99% 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
-13.6% -3.3%
89.2 92.2 103 Operating profit
-15.5% -37.3%
4.2 6.8 5.0 OPM %
-11 bps -258 bps
4.8% 7.3% 4.9% Other income
+184.6% +184.6%
0.4 0.1 0.1 Net profit?
-98.5% -99.4%
0.0 1.6 0.7 PAT margin %
-63 bps -175 bps
0.0% 1.8% 0.6% EPS (₹)
-98.6% -99.4%
0.01 1.69 0.69
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.3 Cr, other income ₹0.4 Cr.
Core profit YoY: to loss
· reported profit -98.5%
Cash & debt
FY25 cash from operations ₹49.0 Cr:
651% of FY25 net profit of ₹7.5 Cr.
Borrowings ₹136 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹120 ₹89.2
-25.7% below Net profit ₹1.3 ₹0.0
-99.2% below
524594
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -67% below its own trend Operating margin contracted 921 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
+3.7% -34.6%
10.6 16.3 10.3 Operating profit
to loss loss widened -0.1 -0.1 0.8 OPM %
-921 bps -70 bps
-1.3% -0.6% 7.9% Other income
-0.8% +11.3%
1.2 1.1 1.2 Net profit?
-72.7% -28.6%
0.3 0.5 1.3 PAT margin %
-919 bps +28 bps
3.3% 3.0% 12.5% EPS (₹)
-72.7% -29.0%
0.76 1.07 2.78
Quality of profit
Pre-tax profit ₹0.6 Cr: core business −₹0.6 Cr, other income ₹1.2 Cr.
Core profit YoY: to loss
· reported profit -72.7%
Cash & debt
FY25 cash from operations −₹4.6 Cr:
-114% of FY25 net profit of ₹4.0 Cr.
Borrowings ₹0.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹11.9 ₹10.6
-10.8% below Net profit ₹1.0 ₹0.3
-66.5% below
524632
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +423% above its own trend Operating margin contracted 1884 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
+5.8% +9.1%
5.9 5.4 5.6 Operating profit
to loss to loss -0.4 1.3 0.7 OPM %
-1884 bps -3146 bps
-7.0% 24.5% 11.9% Other income
+67.6% +54.1%
1.7 1.1 1.0 Net profit
+340.7% +131.1%
2.4 1.0 0.5 PAT margin %
+3076 bps +2137 bps
40.5% 19.1% 9.7% EPS (₹)
— +150.0%
0.05 0.02 0.01
No EPS growth against Sep 2024: ₹10 to ₹1 split in Mar 2025.
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹1.5 Cr, other income ₹1.7 Cr.
Core profit YoY: loss widened
· reported profit +340.7%
Cash & debt
FY25 cash from operations ₹8.0 Cr:
84% of FY25 net profit of ₹9.6 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.9 ₹5.9
+18.8% above Net profit ₹0.5 ₹2.4
+422.7% above
524640
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -25% below its own trend Operating margin contracted 143 bps YoY 74% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -11%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+11.2% -1.0%
32.9 33.2 29.5 Operating profit
-5.3% -34.8%
2.7 4.1 2.9 OPM %
-143 bps -425 bps
8.2% 12.5% 9.6% Other income
+131.7% +46.0%
1.5 1.0 0.6 Net profit
+51.0% -24.5%
1.5 2.0 1.0 PAT margin %
+123 bps -146 bps
4.7% 6.1% 3.5% EPS (₹)
+50.0% -24.2%
0.75 0.99 0.50
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹0.5 Cr, other income ₹1.5 Cr.
Core profit YoY: -10.5%
· reported profit +51.0%
Cash & debt
FY25 cash from operations ₹19.0 Cr:
375% of FY25 net profit of ₹5.1 Cr.
Borrowings ₹28.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹34.7 ₹32.9
-5.3% below Net profit ₹2.0 ₹1.5
-24.5% below
524748
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1166 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
+31.0% -19.5%
6.3 7.8 4.8 Operating profit
from loss -46.9%
0.3 0.6 -0.3 OPM %
+1166 bps -279 bps
5.4% 8.2% -6.2% Other income
-86.1% -76.2%
0.1 0.2 0.4 Net profit
from loss -95.0%
0.0 0.4 -0.3 PAT margin %
+678 bps -480 bps
0.3% 5.1% -6.5% EPS (₹)
from loss -94.4%
0.05 0.90 -0.70
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹2.7 Cr.
Borrowings ₹5.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.8 ₹6.3
+64.1% above
524752
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 2544 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
-26.6% +47.6%
4.3 2.9 5.9 Operating profit
from loss from loss 0.1 -3.3 -1.3 OPM %
+2544 bps —
2.8% — -22.7% Other income
-83.3% +100.0%
0.0 0.0 0.1 Net profit?
from loss from loss 0.0 -3.4 -1.3 PAT margin %
+2312 bps —
0.5% — -22.7% EPS (₹)
from loss from loss 0.02 -3.40 -1.32
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 −₹9.8 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.2 ₹4.3
+34.5% above
524768
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -72% 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
-73.5% +0.0%
0.1 0.1 0.3 Operating profit
loss widened loss widened -0.4 -0.3 -0.1 Other income
+5.9% +1.9%
0.5 0.5 0.5 Net profit
-60.7% -35.3%
0.1 0.2 0.3 EPS (₹)
-60.7% -35.3%
0.22 0.34 0.56
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.4 Cr, other income ₹0.5 Cr.
Core profit YoY: loss widened
· reported profit -60.7%
Cash & debt
FY25 cash from operations ₹0.2 Cr:
69% of FY25 net profit of ₹0.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.4 ₹0.1
-77.7% below Net profit ₹0.4 ₹0.1
-71.9% below
524818
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -60% below its own trend 42% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-15.5% -19.7%
17.9 22.3 21.2 Operating profit
-11.0% -37.3%
1.2 1.9 1.4 OPM %
+34 bps -190 bps
6.8% 8.7% 6.4% Other income
+37.5% —
0.2 0.0 0.2 Net profit
-20.0% -54.4%
0.4 0.8 0.5 PAT margin %
-11 bps -153 bps
2.0% 3.5% 2.1% EPS (₹)
-20.1% -54.4%
1.19 2.61 1.49
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.
Core profit YoY: -31.1%
· reported profit -20.0%
Cash & debt
FY25 cash from operations ₹3.0 Cr:
191% of FY25 net profit of ₹1.6 Cr.
Borrowings ₹16.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹35.6 ₹17.9
-49.8% below Net profit ₹0.9 ₹0.4
-60.0% below
526001
· 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 —
-0.1 -0.1 -0.0 Other income
— +0.0%
0.4 0.4 0.0 Net profit
from loss +0.0%
0.3 0.3 -0.0 EPS (₹)
from loss +0.0%
0.69 0.69 -0.06
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.1 Cr, other income ₹0.4 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹0.0 Cr.
Borrowings ₹0.4 Cr at Mar 2025.
526043
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Into loss: a profit a year ago Profit -122% below its own trend Operating margin contracted 418 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
-8.7% +25.0%
15.0 12.0 16.4 Operating profit
-81.4% from loss 0.2 -0.2 0.9 OPM %
-418 bps +307 bps
1.1% -2.0% 5.2% Other income
+9.5% +15.0%
0.2 0.2 0.2 Net profit?
to loss loss narrowed -0.1 -0.3 0.5 PAT margin %
-371 bps +182 bps
-0.6% -2.4% 3.1% EPS (₹)
to loss loss narrowed -0.16 -0.52 0.91
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations −₹0.8 Cr:
-119% of FY25 net profit of ₹0.7 Cr.
Borrowings ₹3.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹17.4 ₹15.0
-14.1% below Net profit ₹0.4 −₹0.1
-122.5% below
526095
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 2266 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
+51.6% -3.6%
12.6 13.0 8.3 Operating profit
+782.1% -27.9%
3.4 4.8 0.4 OPM %
+2266 bps -921 bps
27.4% 36.6% 4.7% Other income
+128.6% +68.4%
1.0 0.6 0.4 Net profit
from loss -25.2%
2.5 3.3 -0.2 PAT margin %
+2170 bps -566 bps
19.6% 25.3% -2.1% EPS (₹)
from loss -25.3%
2.33 3.12 -0.16
Quality of profit
Pre-tax profit ₹3.2 Cr: core business ₹2.2 Cr, other income ₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹2.3 Cr.
Borrowings ₹51.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹14.4 ₹12.6
-12.8% below
526113
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 2026 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
-9.1% +7.0%
4.9 4.6 5.4 Operating profit
from loss -42.9%
0.1 0.1 -1.0 OPM %
+2026 bps -143 bps
1.6% 3.1% -18.6% Other income
-71.1% +2.9%
0.3 0.3 1.2 Net profit
from loss -53.3%
0.1 0.1 -0.3 PAT margin %
+721 bps -186 bps
1.4% 3.3% -5.8% EPS (₹)
from loss -52.2%
0.11 0.23 -0.48
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.3 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹1.3 Cr:
1340% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹14.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.4 ₹4.9
-42.0% below
526161
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -96% below its own trend Operating margin contracted 616 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
-19.1% +9.6%
11.0 10.0 13.6 Operating profit
-68.1% +7.3%
0.4 0.4 1.4 OPM %
-616 bps -8 bps
4.0% 4.1% 10.2% Other income
-7.1% -13.3%
0.3 0.3 0.3 Net profit
-95.1% +33.3%
0.0 0.0 0.8 PAT margin %
-560 bps +6 bps
0.4% 0.3% 6.0% EPS (₹)
-95.2% +27.3%
0.14 0.11 2.93
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
· reported profit -95.1%
Cash & debt
FY25 cash from operations ₹3.5 Cr:
269% of FY25 net profit of ₹1.3 Cr.
Borrowings ₹22.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹16.5 ₹11.0
-33.5% below Net profit ₹1.0 ₹0.0
-95.8% below
526241
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +137% 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
+33.2% +127.6%
10,698 4,701 8,031 Operating profit
— +30.4%
2.1 1.6 0.0 OPM %
+2 bps -1 bps
0.0% 0.0% 0.0% Other income
-54.7% -11.1%
0.7 0.8 1.6 Net profit?
+270.0% +2.8%
0.4 0.4 0.1 PAT margin %
+0 bps -0 bps
0.0% 0.0% 0.0% EPS (₹)
+250.0% +0.0%
0.07 0.07 0.02
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.2 Cr, other income ₹0.7 Cr.
Core profit YoY: loss narrowed
· reported profit +270.0%
Cash & debt
FY25 cash from operations −₹6.0 Cr:
-370% of FY25 net profit of ₹1.6 Cr.
Borrowings ₹38.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10,075 ₹10,698
+6.2% above Net profit ₹0.2 ₹0.4
+136.6% above
526251
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +275% above 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 1.2 0.0 Operating profit
loss widened to loss -0.1 1.2 -0.0 Other income
+425.0% +600.0%
0.2 0.0 0.0 Net profit
+650.0% -87.7%
0.1 1.2 0.0 EPS (₹)
+650.0% -87.7%
0.30 2.43 0.04
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
· reported profit +650.0%
Cash & debt
FY25 cash from operations ₹0.6 Cr:
150% of FY25 net profit of ₹0.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.0 ₹0.1
+275.0% above
526409
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +999% above its own trend Operating margin contracted 6520 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
-44.7% -23.0%
7.2 9.4 13.1 Operating profit
loss widened loss widened -4.8 -2.0 -0.1 OPM %
-6520 bps -4474 bps
-65.7% -20.9% -0.5% Other income
+248.4% +74.8%
5.5 3.1 1.6 Net profit
+885.7% —
0.7 0.1 0.1 PAT margin %
+898 bps +899 bps
9.5% 0.5% 0.5% EPS (₹)
+600.0% +600.0%
0.07 0.01 0.01
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹5.5 Cr, other income ₹5.5 Cr.
Core profit YoY: loss widened
· reported profit +885.7%
Cash & debt
FY25 cash from operations ₹13.1 Cr:
1901% of FY25 net profit of ₹0.7 Cr.
Borrowings ₹26.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.6 ₹7.2
-24.1% below Net profit ₹0.0 ₹0.7
+999.0% above
526441
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 171 bps YoY 75% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -91%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-69.8% —
0.5 0.0 1.6 Operating profit
-75.0% from loss 0.0 -0.1 0.2 OPM %
-171 bps —
8.2% — 9.9% Other income
— —
0.0 0.0 0.0 Net profit?
-63.6% from loss 0.0 -0.1 0.1 PAT margin %
+137 bps —
8.2% — 6.8% EPS (₹)
-50.0% from loss 0.01 -0.02 0.02
Quality of profit
Pre-tax profit ₹0.0 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: -90.9%
· reported profit -63.6%
Cash & debt
FY25 cash from operations −₹0.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.9 ₹0.5
-83.1% below
526445
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +49% above its own trend Operating margin contracted 977 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
+16.7% +23.5%
36.0 29.1 30.8 Operating profit
-52.1% +12.4%
2.5 2.2 5.1 OPM %
-977 bps -68 bps
6.8% 7.5% 16.6% Other income
+500.0% +69.8%
1.8 1.1 0.3 Net profit?
-25.4% +468.8%
0.9 0.2 1.2 PAT margin %
-143 bps +198 bps
2.5% 0.5% 4.0% EPS (₹)
-68.8% +150.0%
0.05 0.02 0.16
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹0.7 Cr, other income ₹1.8 Cr.
Core profit YoY: to loss
· reported profit -25.4%
Cash & debt
FY25 cash from operations −₹7.0 Cr.
Borrowings ₹146 Cr at Sep 2025, against ₹137 Cr at Mar 2025 (+7% ).
Against its own trend ?
Trend Actual Gap
Sales ₹26.0 ₹36.0
+38.5% above Net profit ₹0.6 ₹0.9
+49.2% above
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, 02:22 IST
