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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530973
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -21% below its own trend Operating margin contracted 142 bps YoY 64% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -50%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+3.0% -3.1%
19.0 19.6 18.4 Operating profit
-17.8% -19.1%
1.1 1.3 1.3 OPM %
-142 bps -110 bps
5.6% 6.7% 7.0% Other income
+105.6% +76.2%
0.4 0.2 0.2 Net profit
-6.2% -10.0%
0.5 0.5 0.5 PAT margin %
-23 bps -18 bps
2.4% 2.6% 2.6% EPS (₹)
-6.7% -10.5%
1.11 1.24 1.19
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.2 Cr, other income ₹0.4 Cr.
Core profit YoY: -50.0%
· reported profit -6.2%
Cash & debt
FY25 cash from operations ₹1.9 Cr:
130% of FY25 net profit of ₹1.4 Cr.
Borrowings ₹19.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹20.3 ₹19.0
-6.7% below Net profit ₹0.6 ₹0.5
-21.2% below
530977
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1122 bps YoY 69% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+44.6% -13.0%
35.4 40.7 24.5 Operating profit
+175.3% -19.6%
8.4 10.4 3.0 OPM %
+1122 bps -193 bps
23.6% 25.6% 12.4% Other income
-8.0% +17.4%
0.8 0.7 0.9 Net profit
from loss -77.7%
0.7 3.1 -4.2 PAT margin %
+1902 bps -564 bps
1.9% 7.6% -17.1% EPS (₹)
from loss -77.8%
0.39 1.76 -2.39
Quality of profit
Pre-tax profit ₹1.2 Cr: core business ₹0.4 Cr, other income ₹0.8 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹29.0 Cr.
Borrowings ₹234 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹25.0 ₹35.4
+41.8% above
531027
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -60% 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
— —
0.0 0.0 0.0 Operating profit
loss widened loss widened -0.1 -0.1 -0.1 Other income
-43.5% -18.8%
0.1 0.2 0.2 Net profit
-80.0% -66.7%
0.0 0.1 0.1 EPS (₹)
-80.0% -66.7%
0.04 0.12 0.20
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 -80.0%
Cash & debt
FY25 cash from operations ₹0.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.1 ₹0.0
-60.0% below
531041
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -33% 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
+17.7% +20.4%
535 445 455 Operating profit
-8.4% -2.2%
16.1 16.5 17.6 OPM %
-85 bps -70 bps
3.0% 3.7% 3.9% Other income
+48.7% -11.5%
2.4 2.7 1.6 Net profit?
-58.4% -43.7%
1.5 2.7 3.6 PAT margin %
-52 bps -32 bps
0.3% 0.6% 0.8% EPS (₹)
-58.4% -43.6%
2.46 4.36 5.91
Quality of profit
Pre-tax profit ₹1.4 Cr: core business −₹1.0 Cr, other income ₹2.4 Cr.
Core profit YoY: to loss
· reported profit -58.4%
Cash & debt
FY25 cash from operations ₹54.0 Cr:
251% of FY25 net profit of ₹21.5 Cr.
Borrowings ₹408 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹449 ₹535
+19.2% above Net profit ₹2.2 ₹1.5
-32.7% below
531067
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -59% below its own trend Operating margin contracted 435 bps YoY 73% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -66%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-3.1% +18.8%
8.5 7.2 8.8 Operating profit
-65.0% -19.2%
0.2 0.3 0.6 OPM %
-435 bps -116 bps
2.5% 3.6% 6.8% Other income
-30.8% +50.0%
0.5 0.4 0.8 Net profit
-45.5% +22.2%
0.6 0.5 1.0 PAT margin %
-502 bps +18 bps
6.4% 6.3% 11.5% EPS (₹)
-44.6% +24.1%
0.36 0.29 0.65
Quality of profit
Pre-tax profit ₹0.7 Cr: core business ₹0.2 Cr, other income ₹0.5 Cr.
Core profit YoY: -66.1%
· reported profit -45.5%
Cash & debt
FY25 cash from operations −₹0.3 Cr:
-13% of FY25 net profit of ₹2.5 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.4 ₹8.5
+2.2% in line Net profit ₹1.3 ₹0.6
-58.8% below
531069
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +78% above its own trend 38% 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
+42.5% +33.6%
615 460 432 Operating profit
+51.0% +229.7%
8.7 2.6 5.7 OPM %
+8 bps +84 bps
1.4% 0.6% 1.3% Other income
+216.8% —
3.0 0.2 0.9 Net profit?
-2.1% +474.5%
6.1 1.1 6.2 PAT margin %
-45 bps +76 bps
1.0% 0.2% 1.4% EPS (₹)
-2.1% +474.6%
19.02 3.31 19.42
Quality of profit
Pre-tax profit ₹7.8 Cr: core business ₹4.8 Cr, other income ₹3.0 Cr.
Core profit YoY: -1.4%
· reported profit -2.1%
Cash & debt
FY25 cash from operations −₹22.0 Cr:
-119% of FY25 net profit of ₹18.4 Cr.
Borrowings ₹33.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹483 ₹615
+27.4% above Net profit ₹3.4 ₹6.1
+78.3% above
531144
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -69% below its own trend 40% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-16.7% -17.0%
17.1 20.6 20.5 Operating profit
-26.5% -12.8%
0.8 0.9 1.0 OPM %
-58 bps +21 bps
4.4% 4.2% 5.0% Other income
-53.8% -14.3%
0.1 0.1 0.3 Net profit
-58.9% -23.1%
0.3 0.4 0.7 PAT margin %
-180 bps -14 bps
1.8% 1.9% 3.6% EPS (₹)
-58.3% -21.1%
0.15 0.19 0.36
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: -61.7%
· reported profit -58.9%
Cash & debt
FY25 cash from operations ₹2.4 Cr:
104% of FY25 net profit of ₹2.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹24.3 ₹17.1
-29.7% below Net profit ₹1.0 ₹0.3
-69.2% below
531158
· 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
-5.5% -8.4%
5.3 5.8 5.7 Operating profit
-40.0% from loss 0.1 -0.0 0.1 OPM %
-65 bps +130 bps
1.1% -0.2% 1.8% Other income
+8.3% -18.8%
0.1 0.2 0.1 Net profit?
+0.0% +33.3%
0.0 0.0 0.0 PAT margin %
+4 bps +23 bps
0.7% 0.5% 0.7% EPS (₹)
+0.0% +16.7%
0.07 0.06 0.07
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 +0.0%
Cash & debt
FY25 cash from operations ₹3.1 Cr.
Borrowings ₹0.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.1 ₹5.3
-11.8% below
531161
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -76% below its own trend Operating margin contracted 867 bps YoY 49% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-1.5% -12.1%
22.1 25.1 22.4 Operating profit
-45.3% -50.1%
2.4 4.8 4.4 OPM %
-867 bps -825 bps
10.8% 19.1% 19.5% Other income
-42.6% -53.0%
1.2 2.6 2.2 Net profit?
-68.2% -71.4%
1.4 4.9 4.4 PAT margin %
-1328 bps -1313 bps
6.3% 19.5% 19.6% EPS (₹)
-46.8% -45.7%
1.01 1.86 1.90
Quality of profit
Pre-tax profit ₹2.5 Cr: core business ₹1.3 Cr, other income ₹1.2 Cr.
Core profit YoY: -62.3%
· reported profit -68.2%
Cash & debt
FY25 cash from operations ₹25.0 Cr:
146% of FY25 net profit of ₹17.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹23.9 ₹22.1
-7.4% below Net profit ₹5.7 ₹1.4
-75.5% below
531163
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -92% below its own trend Operating margin contracted 813 bps YoY All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 38% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+127.6% +201.1%
8.6 2.9 3.8 Operating profit
-51.3% -26.9%
0.2 0.3 0.4 OPM %
-813 bps -691 bps
2.2% 9.1% 10.3% Other income
+0.0% +100.0%
0.0 0.0 0.0 Net profit?
-92.3% -90.9%
0.0 0.1 0.1 PAT margin %
-333 bps -374 bps
0.1% 3.9% 3.4% EPS (₹)
-91.7% -90.0%
0.01 0.10 0.12
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: to loss
· reported profit -92.3%
Cash & debt
FY25 cash from operations ₹0.2 Cr:
38% of FY25 net profit of ₹0.6 Cr.
Borrowings ₹8.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.5 ₹8.6
+56.6% above Net profit ₹0.1 ₹0.0
-91.7% below
531210
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 338 bps YoY 84% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -77%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-25.3% -11.5%
1.4 1.6 1.9 Operating profit
-52.9% -38.5%
0.1 0.1 0.2 OPM %
-338 bps -252 bps
5.8% 8.3% 9.1% Other income
+100.0% +100.0%
0.2 0.1 0.1 Net profit
-12.5% +16.7%
0.1 0.1 0.2 PAT margin %
+147 bps +243 bps
10.1% 7.6% 8.6% EPS (₹)
-12.5% +16.7%
0.56 0.48 0.64
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.0 Cr, other income ₹0.2 Cr.
Core profit YoY: -76.9%
· reported profit -12.5%
Cash & debt
FY25 cash from operations −₹1.4 Cr:
-290% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹0.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.7 ₹1.4
-16.3% below Net profit ₹0.2 ₹0.1
-9.3% in line
531233
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +23% above its own trend Operating margin contracted 142 bps YoY 46% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -44%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-18.7% -13.6%
16.8 19.4 20.6 Operating profit
-37.9% -46.9%
0.8 1.4 1.2 OPM %
-142 bps -288 bps
4.6% 7.5% 6.0% Other income
+69.0% +32.4%
0.5 0.4 0.3 Net profit
-5.0% -39.7%
0.8 1.3 0.8 PAT margin %
+65 bps -196 bps
4.5% 6.5% 3.9% EPS (₹)
-7.7% -40.0%
0.24 0.40 0.26
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.6 Cr, other income ₹0.5 Cr.
Core profit YoY: -44.1%
· reported profit -5.0%
Cash & debt
FY25 cash from operations ₹4.6 Cr:
167% of FY25 net profit of ₹2.7 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹19.0 ₹16.8
-11.9% below Net profit ₹0.6 ₹0.8
+22.5% above
531257
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 3485 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
+30.7% +85.5%
2.2 1.2 1.7 Operating profit
to loss loss narrowed -0.7 -2.1 0.0 OPM %
-3485 bps —
-33.6% — 1.2% Other income
— —
7.3 0.1 0.0 Net profit
from loss from loss 6.6 -2.1 -0.1 EPS (₹)
from loss from loss 11.85 -3.79 -0.23
Quality of profit
Pre-tax profit ₹6.5 Cr: core business −₹0.8 Cr, other income ₹7.3 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹0.3 Cr.
Borrowings ₹3.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.9 ₹2.2
+129.8% above
531262
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +532% above its own trend Operating margin expanded 574 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
— +50.9%
24.6 16.3 1.2 Operating profit
loss narrowed -100.0%
0.0 0.0 -0.1 OPM %
+574 bps -6 bps
0.0% 0.1% -5.7% Other income
+50.0% +0.0%
0.1 0.1 0.1 Net profit
+400.0% -6.3%
0.1 0.2 0.0 PAT margin %
-185 bps -37 bps
0.6% 1.0% 2.5% EPS (₹)
+500.0% -7.7%
0.12 0.13 0.02
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 +400.0%
Cash & debt
FY25 cash from operations ₹6.7 Cr:
3717% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹0.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.4 ₹24.6
+910.2% above Net profit ₹0.0 ₹0.1
+531.6% above
531268
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +142% above its own trend Operating margin expanded 415 bps YoY 27% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +139%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+23.2% +18.4%
7.7 6.5 6.2 Operating profit
+125.8% +150.0%
0.7 0.3 0.3 OPM %
+415 bps +481 bps
9.1% 4.3% 5.0% Other income
-39.0% -58.3%
0.2 0.6 0.4 Net profit?
+103.2% -3.1%
0.6 0.7 0.3 PAT margin %
+324 bps -182 bps
8.2% 10.0% 5.0% EPS (₹)
+100.0% -2.7%
0.36 0.37 0.18
Quality of profit
Pre-tax profit ₹0.9 Cr: core business ₹0.7 Cr, other income ₹0.2 Cr.
Core profit YoY: +139.3%
· reported profit +103.2%
Cash & debt
FY25 cash from operations ₹1.7 Cr:
65% of FY25 net profit of ₹2.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.5 ₹7.7
+2.3% in line Net profit ₹0.3 ₹0.6
+142.4% above
531280
· 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
— -41.3%
0.3 0.5 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.3 -0.2 OPM %
— +97 bps
-55.6% -56.5% — Other income
— —
2.3 0.2 0.2 Net profit
from loss from loss 2.2 -0.2 -0.1 EPS (₹)
from loss from loss 4.09 -0.31 -0.11
Quality of profit
Pre-tax profit ₹2.1 Cr: core business −₹0.2 Cr, other income ₹2.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹0.1 Cr.
Borrowings ₹1.9 Cr at Mar 2025.
531289
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +235% above its own trend Operating margin expanded 288 bps YoY 42% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +360%) FY25 operating cash flow was only 35% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+26.6% +14.9%
23.6 20.6 18.7 Operating profit
+75.5% -31.7%
2.4 3.6 1.4 OPM %
+288 bps -703 bps
10.3% 17.3% 7.4% Other income
+98.3% +28.6%
1.2 0.9 0.6 Net profit
+119.0% -29.8%
1.8 2.6 0.8 PAT margin %
+329 bps -495 bps
7.8% 12.7% 4.5% EPS (₹)
+120.7% -29.5%
2.03 2.88 0.92
Quality of profit
Pre-tax profit ₹2.8 Cr: core business ₹1.6 Cr, other income ₹1.2 Cr.
Core profit YoY: +360.0%
· reported profit +119.0%
Cash & debt
FY25 cash from operations ₹8.3 Cr:
35% of FY25 net profit of ₹23.3 Cr.
Borrowings ₹5.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹21.9 ₹23.6
+8.1% above Net profit ₹0.5 ₹1.8
+234.7% above
531297
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +14% above its own trend Operating margin contracted 217 bps YoY 46% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +26%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+30.9% +305.9%
9.0 2.2 6.8 Operating profit
+17.7% +203.5%
1.7 0.6 1.5 OPM %
-217 bps -651 bps
19.3% 25.8% 21.5% Other income
-16.8% -20.6%
1.0 1.3 1.2 Net profit
-6.2% +63.7%
1.7 1.0 1.8 PAT margin %
-737 bps -2754 bps
18.6% 46.2% 26.0% EPS (₹)
-6.1% +64.3%
2.30 1.40 2.45
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹1.2 Cr, other income ₹1.0 Cr.
Core profit YoY: +26.3%
· reported profit -6.2%
Cash & debt
FY25 cash from operations −₹19.0 Cr:
-185% of FY25 net profit of ₹10.3 Cr.
Borrowings ₹14.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.6 ₹9.0
+18.4% above Net profit ₹1.5 ₹1.7
+14.4% above
531328
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -97% below its own trend Operating margin contracted 11744 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
-92.6% -84.4%
0.4 2.8 5.8 Operating profit
to loss to loss -0.1 1.9 5.2 OPM %
-11744 bps -9747 bps
-27.9% 69.6% 89.5% Other income
+110.0% +133.3%
0.4 0.2 0.2 Net profit
-94.5% -89.5%
0.2 2.1 4.0 PAT margin %
-1762 bps -2456 bps
51.2% 75.7% 68.8% EPS (₹)
-100.0% -100.0%
0.00 0.03 0.06
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.1 Cr, other income ₹0.4 Cr.
Core profit YoY: to loss
· reported profit -94.5%
Cash & debt
FY25 cash from operations −₹3.3 Cr:
-77% of FY25 net profit of ₹4.3 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹8.0 ₹0.2
-97.3% below
531352
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 246 bps YoY 75% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-0.8% -14.0%
4.8 5.6 4.9 Operating profit
from loss -40.0%
0.0 0.1 -0.1 OPM %
+246 bps -27 bps
0.6% 0.9% -1.8% Other income
-85.0% +200.0%
0.0 0.0 0.2 Net profit
-75.0% -50.0%
0.0 0.0 0.1 PAT margin %
-123 bps -30 bps
0.4% 0.7% 1.6% EPS (₹)
-76.2% -54.5%
0.05 0.11 0.21
Quality of profit
Pre-tax profit ₹0.0 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: from loss
· reported profit -75.0%
Cash & debt
FY25 cash from operations −₹0.9 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.8 ₹4.8
+1.6% in line
531357
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -46% below its own trend Operating margin contracted 152 bps YoY 27% 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
+74.6% +50.7%
34.0 22.6 19.5 Operating profit
+49.0% +42.0%
3.0 2.1 2.0 OPM %
-152 bps -54 bps
8.9% 9.4% 10.4% Other income
+60.0% +28.0%
0.6 0.5 0.4 Net profit?
+7.5% +35.4%
1.7 1.3 1.6 PAT margin %
-316 bps -57 bps
5.1% 5.6% 8.2% EPS (₹)
+0.0% +28.6%
0.09 0.07 0.09
Quality of profit
Pre-tax profit ₹2.4 Cr: core business ₹1.7 Cr, other income ₹0.6 Cr.
Core profit YoY: -1.2%
· reported profit +7.5%
Cash & debt
FY25 cash from operations −₹44.0 Cr:
-556% of FY25 net profit of ₹7.9 Cr.
Borrowings ₹7.0 Cr at Sep 2025, against ₹6.0 Cr at Mar 2025 (+17% ).
Against its own trend ?
Trend Actual Gap
Sales ₹39.0 ₹34.0
-12.7% below Net profit ₹3.2 ₹1.7
-46.2% below
531364
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -60% below its own trend Operating margin expanded 2179 bps YoY 26% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-15.8% +121.8%
15.0 6.8 17.9 Operating profit
from loss +104.5%
2.2 1.1 -1.2 OPM %
+2179 bps -126 bps
15.0% 16.2% -6.8% Other income
-90.5% -2.1%
0.5 0.5 4.8 Net profit?
-31.6% +88.2%
1.3 0.7 1.9 PAT margin %
-195 bps -152 bps
8.5% 10.0% 10.5% EPS (₹)
-31.5% +88.9%
0.85 0.45 1.24
Quality of profit
Pre-tax profit ₹1.8 Cr: core business ₹1.3 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
· reported profit -31.6%
Cash & debt
FY25 cash from operations ₹25.2 Cr:
1311% of FY25 net profit of ₹1.9 Cr.
Borrowings ₹11.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹11.5 ₹15.0
+30.6% above Net profit ₹3.2 ₹1.3
-59.7% below
531416
· 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
-100.0% -100.0%
0.0 2.8 3.7 Operating profit
to loss loss widened -0.3 -0.0 0.2 Other income
+97.4% -6.3%
0.8 0.8 0.4 Net profit
-29.8% -48.1%
0.4 0.8 0.6 EPS (₹)
-30.0% -48.1%
0.56 1.08 0.80
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.4 Cr, other income ₹0.8 Cr.
Core profit YoY: to loss
· reported profit -29.8%
Cash & debt
FY25 cash from operations −₹3.6 Cr:
-385% of FY25 net profit of ₹0.9 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.0 ₹0.0
-100.0% below
531437
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 399 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
-4.9% +64.2%
26.9 16.4 28.3 Operating profit
+152.9% +42.1%
1.7 1.2 0.7 OPM %
+399 bps -99 bps
6.4% 7.4% 2.4% Other income
— —
0.5 0.0 0.0 Net profit
loss narrowed loss widened -0.3 -0.2 -1.0 PAT margin %
+246 bps +12 bps
-1.0% -1.2% -3.5% EPS (₹)
loss narrowed loss widened -0.27 -0.19 -0.96
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.4 Cr, other income ₹0.5 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹7.0 Cr:
560% of FY25 net profit of ₹1.2 Cr.
Borrowings ₹42.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹32.5 ₹26.9
-17.2% below
531454
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -78% below its own trend Operating margin contracted 227 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
+3.9% +5.9%
21.9 20.7 21.1 Operating profit
-50.0% -25.8%
0.5 0.6 0.9 OPM %
-227 bps -90 bps
2.1% 3.0% 4.4% Other income
+633.3% +340.0%
0.2 0.1 0.0 Net profit
-56.1% -5.3%
0.2 0.2 0.4 PAT margin %
-113 bps -10 bps
0.8% 0.9% 1.9% EPS (₹)
-57.9% -11.1%
0.08 0.09 0.19
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 -56.1%
Cash & debt
FY25 cash from operations ₹2.3 Cr:
109% of FY25 net profit of ₹2.1 Cr.
Borrowings ₹2.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹23.8 ₹21.9
-8.1% below Net profit ₹0.8 ₹0.2
-77.5% below
531472
· 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
+266.7% +120.0%
11.0 5.0 3.0 Operating profit
loss narrowed loss narrowed -2.0 -4.0 -5.0 OPM %
— +6182 bps
-18.2% -80.0% — Other income
— -40.0%
6.0 10.0 0.0 Net profit?
from loss -50.0%
3.0 6.0 -6.0 PAT margin %
— —
27.3% — — EPS (₹)
from loss -48.5%
2.69 5.22 -5.41
Quality of profit
Pre-tax profit ₹3.0 Cr: core business −₹2.0 Cr, other income ₹6.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹6.0 Cr.
Borrowings ₹28.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.0 ₹11.0
+266.7% above
531512
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -64% below its own trend Operating margin contracted 5823 bps YoY All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 22% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-3.9% -38.4%
3.0 4.8 3.1 Operating profit
to loss to loss -0.7 0.8 1.1 OPM %
-5823 bps -3933 bps
-23.1% 16.3% 35.2% Other income
— —
1.4 0.0 0.0 Net profit
-27.8% -15.2%
0.4 0.5 0.5 PAT margin %
-437 bps +362 bps
13.2% 9.6% 17.6% EPS (₹)
-9.1% -31.0%
0.20 0.29 0.22
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.9 Cr, other income ₹1.4 Cr.
Core profit YoY: to loss
· reported profit -27.8%
Cash & debt
FY25 cash from operations ₹0.1 Cr:
22% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹3.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.6 ₹3.0
-36.2% below Net profit ₹1.1 ₹0.4
-63.9% below
531537
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago 61% 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
— -2.2%
0.5 0.5 0.0 Operating profit
from loss -8.7%
0.2 0.2 -0.2 OPM %
— -333 bps
46.7% 50.0% — Other income
— +19.0%
0.2 0.2 0.0 Net profit?
from loss +6.1%
0.3 0.3 -0.3 PAT margin %
— +604 bps
77.8% 71.7% — EPS (₹)
from loss +6.3%
0.17 0.16 -1.74
Quality of profit
Pre-tax profit ₹0.4 Cr: core business ₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹5.5 Cr:
-1339% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹0.1 Cr at Mar 2025.
531539
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -36% 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
— —
0.3 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.0 -0.1 -0.0 OPM %
— —
-3.3% — — Other income
-14.8% -25.8%
0.2 0.3 0.3 Net profit
-30.4% -5.9%
0.2 0.2 0.2 PAT margin %
— —
53.3% — — EPS (₹)
-31.0% -6.5%
0.29 0.31 0.42
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.0 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
· reported profit -30.4%
Cash & debt
FY25 cash from operations −₹0.9 Cr:
-1087% of FY25 net profit of ₹0.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.2 ₹0.2
-35.8% below
531550
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -56% below its own trend Operating margin contracted 510 bps YoY 27% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +126%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+300.0% +127.5%
22.4 9.8 5.6 Operating profit
+121.9% -21.5%
1.4 1.8 0.6 OPM %
-510 bps -1206 bps
6.4% 18.4% 11.4% Other income
-68.1% —
0.4 0.0 1.4 Net profit
-12.1% +3.4%
1.2 1.2 1.4 PAT margin %
-1954 bps -660 bps
5.5% 12.1% 25.0% EPS (₹)
-16.7% -1.5%
1.30 1.32 1.56
Quality of profit
Pre-tax profit ₹1.7 Cr: core business ₹1.2 Cr, other income ₹0.4 Cr.
Core profit YoY: +125.9%
· reported profit -12.1%
Cash & debt
FY25 cash from operations −₹7.0 Cr:
-50% of FY25 net profit of ₹14.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹11.2 ₹22.4
+100.0% above Net profit ₹2.8 ₹1.2
-56.1% below
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, 03:27 IST
