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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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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526468
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 449 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
+98.6% +60.3%
8.6 5.4 4.3 Operating profit
to loss loss widened -0.1 -0.1 0.1 OPM %
-449 bps -81 bps
-1.7% -0.9% 2.8% Other income
+51.2% +16.1%
0.7 0.6 0.4 Net profit
from loss -40.0%
0.0 0.1 -0.0 PAT margin %
+104 bps -58 bps
0.3% 0.9% -0.7% EPS (₹)
from loss -36.4%
0.07 0.11 -0.07
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.6 Cr, other income ₹0.7 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹4.5 Cr:
2342% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹13.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.0 ₹8.6
+191.1% above
526471
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -74% below its own trend Operating margin contracted 4180 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
-57.1% -18.2%
0.3 0.3 0.6 Operating profit
to loss loss widened -0.1 -0.0 0.1 OPM %
-4180 bps -1987 bps
-25.9% -6.1% 15.9% Other income
+0.0% +2.0%
0.5 0.5 0.5 Net profit
-47.5% -16.0%
0.2 0.2 0.4 PAT margin %
+1429 bps +202 bps
77.8% 75.8% 63.5% EPS (₹)
-42.9% -11.1%
0.08 0.09 0.14
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.3 Cr, other income ₹0.5 Cr.
Core profit YoY: loss widened
· reported profit -47.5%
Cash & debt
FY25 cash from operations −₹2.6 Cr:
-1843% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹9.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.7 ₹0.3
-61.9% below Net profit ₹0.8 ₹0.2
-73.8% below
526477
· 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
+300.0% +200.0%
0.1 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.1 -0.2 OPM %
— —
-83.3% — — Other income
+81.8% +300.0%
0.2 0.1 0.1 Net profit
from loss from loss 0.0 -0.1 -0.0 PAT margin %
— —
16.7% — — EPS (₹)
from loss from loss 0.05 -0.15 -0.10
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.8 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹0.1
+700.0% above
526490
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +944% above its own trend Operating margin expanded 1496 bps YoY 27% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +820%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+128.7% +34.3%
2.3 1.7 1.0 Operating profit
+820.0% +360.0%
0.5 0.1 0.1 OPM %
+1496 bps +1410 bps
19.9% 5.8% 5.0% Other income
— -5.6%
0.2 0.2 0.0 Net profit
+760.0% +79.2%
0.4 0.2 0.1 PAT margin %
+1366 bps +466 bps
18.6% 14.0% 5.0% EPS (₹)
+600.0% +75.0%
0.07 0.04 0.01
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.5 Cr, other income ₹0.2 Cr.
Core profit YoY: +820.0%
· reported profit +760.0%
Cash & debt
FY25 cash from operations −₹1.1 Cr:
-419% of FY25 net profit of ₹0.3 Cr.
Borrowings ₹0.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.1 ₹2.3
+101.1% above Net profit ₹0.0 ₹0.4
+944.3% above
526544
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -55% below its own trend Operating margin contracted 8788 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+67.9% +666.7%
36.2 4.7 21.6 Operating profit
-96.1% -65.1%
0.8 2.2 19.4 OPM %
-8788 bps -4409 bps
2.1% 46.2% 90.0% Other income
+232.8% —
1.9 0.1 0.6 Net profit?
-10.2% from loss 0.4 -0.0 0.5 PAT margin %
-106 bps +185 bps
1.2% -0.6% 2.3% EPS (₹)
+0.0% —
0.02 0.00 0.02
Quality of profit
Pre-tax profit ₹0.6 Cr: core business −₹1.3 Cr, other income ₹1.9 Cr.
Core profit YoY: to loss
· reported profit -10.2%
Cash & debt
FY25 cash from operations −₹25.3 Cr:
-1734% of FY25 net profit of ₹1.5 Cr.
Borrowings ₹14.7 Cr at Sep 2025, against ₹15.8 Cr at Mar 2025 (-7% ).
Against its own trend ?
Trend Actual Gap
Sales ₹28.6 ₹36.2
+26.6% above Net profit ₹1.0 ₹0.4
-55.1% below
526570
· 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 0.0 Operating profit
loss widened —
-0.2 -0.2 -0.1 Other income
— +16.7%
1.8 1.5 0.1 Net profit
from loss +15.9%
0.7 0.6 -0.4 EPS (₹)
from loss +15.8%
0.66 0.57 -1.13
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹1.0 Cr, other income ₹1.8 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹3.1 Cr.
Borrowings ₹28.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹0.0
+98.8% above
526574
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -75% 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
-99.4% -99.6%
0.0 2.3 1.7 Operating profit
loss widened loss narrowed -0.1 -0.3 -0.1 Other income
+0.0% -4.5%
0.2 0.2 0.2 Net profit
-50.0% from loss 0.1 -0.1 0.2 EPS (₹)
-50.0% from loss 0.30 -0.17 0.60
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 ₹0.6 Cr:
116% of FY25 net profit of ₹0.5 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.9 ₹0.0
-99.5% below Net profit ₹0.4 ₹0.1
-75.0% below
526586
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 128 bps YoY 31% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+7.7% -6.7%
84.0 90.0 78.0 Operating profit
+16.7% +0.0%
14.0 14.0 12.0 OPM %
+128 bps +111 bps
16.7% 15.6% 15.4% Other income
-14.3% -45.5%
6.0 11.0 7.0 Net profit?
+18.2% -23.5%
13.0 17.0 11.0 PAT margin %
+137 bps -341 bps
15.5% 18.9% 14.1% EPS (₹)
+10.1% -25.8%
10.47 14.11 9.51
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹11.0 Cr, other income ₹6.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +22.2%
· reported profit +18.2%
Cash & debt
FY25 cash from operations ₹57.0 Cr:
98% of FY25 net profit of ₹58.0 Cr.
Borrowings nil at Sep 2025, against ₹0.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹80.7 ₹84.0
+4.1% in line Net profit ₹12.1 ₹13.0
+7.3% in line
526628
· 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
loss narrowed —
0.0 0.0 -0.1 Operating profit
loss narrowed —
-0.2 -0.2 -0.4 Other income
— —
54.6 0.0 0.0 Net profit
from loss from loss 54.4 -0.2 -0.5 EPS (₹)
from loss from loss 85.12 -0.25 -0.78
Quality of profit
Pre-tax profit ₹54.4 Cr: core business −₹0.2 Cr, other income ₹54.6 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹7.0 Cr:
642% of FY25 net profit of ₹1.1 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
526638
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 521 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
+19.2% +29.0%
33.2 25.8 27.9 Operating profit
from loss -41.1%
1.6 2.6 -0.1 OPM %
+521 bps -555 bps
4.7% 10.2% -0.5% Other income
-61.1% —
1.9 0.1 4.8 Net profit
+69.0% +82.1%
1.4 0.8 0.8 PAT margin %
+126 bps +125 bps
4.3% 3.0% 3.0% EPS (₹)
+5.9% +81.4%
1.07 0.59 1.01
Quality of profit
Pre-tax profit ₹1.4 Cr: core business −₹0.4 Cr, other income ₹1.9 Cr.
Core profit YoY: loss narrowed
· reported profit +69.0%
Cash & debt
FY25 cash from operations −₹2.6 Cr:
-54% of FY25 net profit of ₹4.9 Cr.
Borrowings ₹18.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹32.3 ₹33.2
+2.9% in line
526640
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -85% below its own trend Operating margin contracted 609 bps YoY All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 3% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-11.8% +1.8%
4.4 4.3 5.0 Operating profit
-63.5% +375.0%
0.2 0.0 0.5 OPM %
-609 bps +338 bps
4.3% 0.9% 10.4% Other income
-11.9% -11.9%
0.4 0.4 0.4 Net profit
-90.0% +300.0%
0.0 0.0 0.4 PAT margin %
-709 bps +68 bps
0.9% 0.2% 8.0% EPS (₹)
-90.0% +100.0%
0.02 0.01 0.20
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 -90.0%
Cash & debt
FY25 cash from operations ₹0.1 Cr:
3% of FY25 net profit of ₹3.1 Cr.
Borrowings ₹5.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.0 ₹4.4
-12.0% below Net profit ₹0.3 ₹0.0
-84.8% below
526654
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -89% below its own trend Operating margin contracted 3910 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
-54.4% -27.7%
6.5 9.0 14.3 Operating profit
to loss to loss -1.3 1.2 2.7 OPM %
-3910 bps -3410 bps
-20.3% 13.8% 18.8% Other income
+146.7% +222.0%
2.6 0.8 1.1 Net profit?
-77.1% -54.2%
0.7 1.4 2.9 PAT margin %
-1004 bps -586 bps
10.2% 16.0% 20.2% EPS (₹)
-77.2% -54.4%
0.73 1.60 3.20
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹2.0 Cr, other income ₹2.6 Cr.
Core profit YoY: to loss
· reported profit -77.1%
Cash & debt
FY25 cash from operations −₹14.0 Cr:
-215% of FY25 net profit of ₹6.5 Cr.
Borrowings ₹19.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹21.0 ₹6.5
-69.1% below Net profit ₹5.8 ₹0.7
-88.5% below
526703
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +11% above its own trend 25% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 50% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+17.7% +4.1%
35.7 34.3 30.4 Operating profit
+22.1% +10.7%
3.2 2.9 2.6 OPM %
+32 bps +54 bps
9.0% 8.4% 8.6% Other income
+75.0% -24.7%
0.7 0.9 0.4 Net profit
+15.4% -2.4%
2.0 2.1 1.8 PAT margin %
-11 bps -38 bps
5.7% 6.0% 5.8% EPS (₹)
+0.3% -2.3%
5.85 5.99 5.83
Quality of profit
Pre-tax profit ₹2.8 Cr: core business ₹2.1 Cr, other income ₹0.7 Cr.
Core profit YoY: +8.3%
· reported profit +15.4%
Cash & debt
FY25 cash from operations ₹5.0 Cr:
50% of FY25 net profit of ₹10.1 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹35.0 ₹35.7
+2.1% in line Net profit ₹1.8 ₹2.0
+10.7% above
526705
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -54% below its own trend Operating margin contracted 1168 bps YoY 34% 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
-21.3% +19.8%
8.2 6.8 10.4 Operating profit
-53.7% +20.4%
1.4 1.1 2.9 OPM %
-1168 bps +8 bps
16.6% 16.6% 28.3% Other income
-3.6% +71.0%
0.5 0.3 0.6 Net profit
-52.5% +44.0%
1.2 0.8 2.5 PAT margin %
-976 bps +249 bps
14.8% 12.3% 24.6% EPS (₹)
-52.6% +44.2%
4.08 2.83 8.61
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹1.0 Cr, other income ₹0.5 Cr.
Core profit YoY: -61.6%
· reported profit -52.5%
Cash & debt
FY25 cash from operations −₹4.6 Cr:
-97% of FY25 net profit of ₹4.7 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.4 ₹8.2
-13.3% below Net profit ₹2.6 ₹1.2
-53.8% below
526717
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +15% above its own trend 29% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +105%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+68.9% +57.2%
198 126 117 Operating profit
+49.9% +23.1%
11.3 9.2 7.5 OPM %
-72 bps -158 bps
5.7% 7.3% 6.4% Other income
+242.1% -70.1%
1.9 6.5 0.6 Net profit?
+130.4% -30.0%
5.0 7.1 2.2 PAT margin %
+68 bps -315 bps
2.5% 5.7% 1.9% EPS (₹)
+163.1% -1.3%
3.71 3.76 1.41
Quality of profit
Pre-tax profit ₹6.8 Cr: core business ₹4.9 Cr, other income ₹1.9 Cr.
Core profit YoY: +105.5%
· reported profit +130.4%
Cash & debt
FY25 cash from operations −₹19.0 Cr:
-112% of FY25 net profit of ₹17.0 Cr.
Borrowings ₹190 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹175 ₹198
+13.2% above Net profit ₹4.3 ₹5.0
+15.2% above
526721
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -96% below its own trend Operating margin contracted 2235 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
-16.5% -56.3%
11.5 26.3 13.8 Operating profit
to loss to loss -0.2 11.1 2.8 OPM %
-2235 bps -4435 bps
-2.1% 42.3% 20.3% Other income
-54.0% from loss 1.1 -10.8 2.5 Net profit?
-95.6% from loss 0.2 -3.2 5.4 PAT margin %
-3742 bps +1411 bps
2.1% -12.0% 39.5% EPS (₹)
-95.7% from loss 0.05 -0.68 1.16
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.8 Cr, other income ₹1.1 Cr.
Core profit YoY: to loss
· reported profit -95.6%
Cash & debt
FY25 cash from operations ₹16.0 Cr:
71% of FY25 net profit of ₹22.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.9 ₹11.5
-17.4% below Net profit ₹6.2 ₹0.2
-96.1% below
526723
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +20% above its own trend 55% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +187%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+70.3% -6.6%
26.3 28.1 15.4 Operating profit
+68.8% -22.5%
4.4 5.7 2.6 OPM %
-15 bps -348 bps
16.9% 20.4% 17.1% Other income
+89.9% -23.9%
3.0 4.0 1.6 Net profit?
+123.6% -23.1%
4.4 5.7 1.9 PAT margin %
+396 bps -357 bps
16.6% 20.2% 12.6% EPS (₹)
+84.0% -23.3%
3.00 3.91 1.63
Quality of profit
Pre-tax profit ₹5.5 Cr: core business ₹2.4 Cr, other income ₹3.0 Cr.
Core profit YoY: +187.1%
· reported profit +123.6%
Cash & debt
FY25 cash from operations −₹2.0 Cr:
-18% of FY25 net profit of ₹11.3 Cr.
Borrowings ₹80.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹28.5 ₹26.3
-7.9% below Net profit ₹3.6 ₹4.4
+20.4% above
526731
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 215 bps YoY 41% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+12.4% -2.1%
99.0 101 88.1 Operating profit
-13.3% -13.0%
7.2 8.2 8.3 OPM %
-215 bps -91 bps
7.2% 8.2% 9.4% Other income
+633.3% +189.5%
1.1 0.4 0.1 Net profit?
-38.0% -36.6%
2.0 3.2 3.2 PAT margin %
-165 bps -111 bps
2.0% 3.1% 3.7% EPS (₹)
-37.9% -36.6%
3.54 5.58 5.70
Quality of profit
Pre-tax profit ₹2.7 Cr: core business ₹1.6 Cr, other income ₹1.1 Cr.
Core profit YoY: -56.2%
· reported profit -38.0%
Cash & debt
FY25 cash from operations ₹11.0 Cr:
129% of FY25 net profit of ₹8.5 Cr.
Borrowings ₹54.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹120 ₹99.0
-17.4% below
526813
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -83% below its own trend 30% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— —
0.8 0.0 0.0 Operating profit
from loss from loss 0.6 -0.1 -0.1 OPM %
— —
75.3% — — Other income
-90.6% +8.0%
0.3 0.2 2.9 Net profit?
-65.5% +536.4%
0.7 0.1 2.0 PAT margin %
— —
82.4% — — EPS (₹)
-65.5% +536.4%
1.40 0.22 4.06
Quality of profit
Pre-tax profit ₹0.9 Cr: core business ₹0.6 Cr, other income ₹0.3 Cr.
Core profit YoY: from loss
· reported profit -65.5%
Cash & debt
FY25 cash from operations ₹0.0 Cr:
0% of FY25 net profit of ₹2.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹4.1 ₹0.7
-82.8% below
526821
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+16.4% +8.5%
42.8 39.5 36.8 Operating profit
+4.7% +39.8%
1.8 1.3 1.7 OPM %
-47 bps +94 bps
4.2% 3.2% 4.7% Other income
+46.4% +107.6%
1.6 0.8 1.1 Net profit?
from loss -50.0%
0.0 0.0 -0.2 PAT margin %
+65 bps -3 bps
0.0% 0.1% -0.6% EPS (₹)
from loss -66.7%
0.01 0.03 -0.31
Quality of profit
Pre-tax profit ₹0.6 Cr: core business −₹1.0 Cr, other income ₹1.6 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹16.0 Cr:
177% of FY25 net profit of ₹9.0 Cr.
Borrowings ₹13.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹42.6 ₹42.8
+0.4% in line
526827
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago 92% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— -9.8%
1.7 1.9 0.1 Operating profit
from loss -66.7%
0.1 0.3 -0.3 OPM %
— -882 bps
5.2% 14.0% — Other income
— +700.0%
0.7 0.1 0.1 Net profit
from loss +136.4%
0.8 0.3 -0.9 PAT margin %
— +2773 bps
44.8% 17.1% — EPS (₹)
from loss +135.1%
1.81 0.77 -2.16
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.1 Cr, other income ₹0.7 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹0.3 Cr:
62% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹1.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹1.7
+999.0% above
526841
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +500% above its own trend Operating margin expanded 1172 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
-50.6% -45.7%
1.5 2.8 3.1 Operating profit
-14.3% -23.6%
0.4 0.6 0.5 OPM %
+1172 bps +799 bps
27.6% 19.6% 15.9% Other income
— —
0.2 0.0 0.0 Net profit
+200.0% +275.0%
0.1 0.0 0.1 PAT margin %
+825 bps +844 bps
9.9% 1.4% 1.6% EPS (₹)
+150.0% +400.0%
0.05 0.01 0.02
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.0 Cr, other income ₹0.2 Cr.
Core profit YoY: to loss
· reported profit +200.0%
Cash & debt
FY25 cash from operations ₹2.4 Cr:
3038% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹16.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.6 ₹1.5
-57.7% below Net profit ₹0.0 ₹0.1
+500.0% above
526847
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +47% above its own trend Operating margin expanded 2381 bps YoY 80% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +433%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+71.4% +20.0%
0.5 0.4 0.3 Operating profit
+300.0% +150.0%
0.2 0.1 0.1 OPM %
+2381 bps +2167 bps
41.7% 20.0% 17.9% Other income
-1.5% +1.5%
0.7 0.7 0.7 Net profit
+21.6% +24.0%
0.6 0.5 0.5 EPS (₹)
+22.0% +25.0%
0.50 0.40 0.41
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.2 Cr, other income ₹0.7 Cr.
Core profit YoY: +433.3%
· reported profit +21.6%
Cash & debt
FY25 cash from operations −₹4.4 Cr:
-191% of FY25 net profit of ₹2.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.3 ₹0.5
+60.0% above Net profit ₹0.4 ₹0.6
+46.7% above
526873
· 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 29% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— —
0.0 0.0 0.0 Operating profit
— —
0.0 0.0 0.0 Other income
— +360.0%
46.0 10.0 0.0 Net profit
— +240.0%
34.0 10.0 0.0 EPS (₹)
— +256.0%
4.45 1.25 0.00
Quality of profit
Pre-tax profit ₹46.0 Cr: core business ₹0.0 Cr, other income ₹46.0 Cr.
Cash & debt
FY25 cash from operations ₹2.0 Cr:
29% of FY25 net profit of ₹7.0 Cr.
Borrowings nil at Mar 2025.
526877
· 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 -0.1 -0.1 -0.1 Other income
+0.0% +0.0%
0.1 0.1 0.1 Net profit
loss narrowed loss narrowed 0.0 -0.0 -0.0
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.5 Cr.
Borrowings nil at Mar 2025.
526901
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -43% below its own trend Operating margin contracted 127 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
+28.2% +23.4%
34.9 28.3 27.2 Operating profit
-27.8% -38.0%
0.6 0.9 0.8 OPM %
-127 bps -162 bps
1.6% 3.3% 2.9% Other income
+214.3% +214.3%
0.7 0.2 0.2 Net profit
-38.6% -40.0%
0.3 0.5 0.4 PAT margin %
-84 bps -82 bps
0.8% 1.6% 1.6% EPS (₹)
-38.4% -39.2%
0.45 0.74 0.73
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.3 Cr, other income ₹0.7 Cr.
Core profit YoY: to loss
· reported profit -38.6%
Cash & debt
FY25 cash from operations ₹7.0 Cr:
395% of FY25 net profit of ₹1.8 Cr.
Borrowings ₹10.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹29.6 ₹34.9
+17.9% above Net profit ₹0.5 ₹0.3
-42.9% below
526931
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +161% above its own trend 96% 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
— —
1.3 0.0 0.0 Operating profit
from loss from loss 1.0 -0.4 -0.5 OPM %
— —
78.5% — — Other income
+30.6% +24.0%
2.7 2.2 2.1 Net profit
+359.2% +230.9%
2.2 0.7 0.5 EPS (₹)
+362.0% +231.8%
3.65 1.10 0.79
Quality of profit
Pre-tax profit ₹2.8 Cr: core business ₹0.1 Cr, other income ₹2.7 Cr.
Core profit YoY: from loss
· reported profit +359.2%
Cash & debt
FY25 cash from operations −₹1.6 Cr:
-98% of FY25 net profit of ₹1.6 Cr.
Borrowings ₹15.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.9 ₹2.2
+160.6% above
530111
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 633 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+15.8% -8.1%
8.3 9.0 7.2 Operating profit
from loss -32.5%
0.3 0.4 -0.2 OPM %
+633 bps -118 bps
3.3% 4.4% -3.1% Other income
-66.7% +0.0%
0.0 0.0 0.0 Net profit
from loss -83.3%
0.0 0.1 -0.3 PAT margin %
+485 bps -109 bps
0.2% 1.3% -4.6% EPS (₹)
from loss -84.6%
0.04 0.26 -0.72
Quality of profit
Pre-tax profit ₹0.0 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹1.6 Cr.
Borrowings ₹5.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.5 ₹8.3
+10.6% above
530133
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -40% below its own trend Operating margin contracted 122 bps YoY 94% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -91%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+18.3% +30.8%
34.1 26.1 28.8 Operating profit
-33.8% +657.1%
0.5 0.1 0.8 OPM %
-122 bps +129 bps
1.6% 0.3% 2.8% Other income
-14.7% -6.5%
0.3 0.3 0.3 Net profit
-35.0% from loss 0.3 -0.1 0.4 PAT margin %
-63 bps +130 bps
0.8% -0.5% 1.4% EPS (₹)
-35.1% from loss 0.63 -0.34 0.97
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.0 Cr, other income ₹0.3 Cr.
Core profit YoY: -91.3%
· reported profit -35.0%
Cash & debt
FY25 cash from operations −₹4.0 Cr:
-213% of FY25 net profit of ₹1.9 Cr.
Borrowings ₹13.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹32.2 ₹34.1
+5.9% above Net profit ₹0.4 ₹0.3
-39.7% below
530175
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +348% above its own trend Operating margin expanded 1147 bps YoY 58% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+19.0% +12.5%
6.8 6.0 5.7 Operating profit
+615.4% +126.8%
0.9 0.4 0.1 OPM %
+1147 bps +694 bps
13.8% 6.8% 2.3% Other income
-6.9% -9.5%
0.7 0.7 0.7 Net profit
+244.0% +59.3%
0.9 0.5 0.2 PAT margin %
+832 bps +374 bps
12.7% 9.0% 4.4% EPS (₹)
+237.5% +58.8%
0.54 0.34 0.16
Quality of profit
Pre-tax profit ₹1.2 Cr: core business ₹0.5 Cr, other income ₹0.7 Cr.
Core profit YoY: from loss
· reported profit +244.0%
Cash & debt
FY25 cash from operations ₹6.2 Cr:
144% of FY25 net profit of ₹4.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.4 ₹6.8
+25.8% above Net profit ₹0.2 ₹0.9
+347.9% 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
