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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531552
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +51% 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
— -100.0%
0.0 1.1 0.0 Operating profit
loss narrowed to loss -0.1 0.9 -0.1 Other income
+15.0% +4.5%
0.5 0.4 0.4 Net profit?
+165.0% -44.8%
0.5 1.0 0.2 EPS (₹)
+158.8% -45.0%
0.44 0.80 0.17
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.2 Cr, other income ₹0.5 Cr.
Core profit YoY: loss narrowed
· reported profit +165.0%
Cash & debt
FY25 cash from operations −₹0.7 Cr:
-76% of FY25 net profit of ₹1.0 Cr.
Borrowings ₹2.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.4 ₹0.5
+50.9% above
531574
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.2 -0.2 Other income
— —
0.2 0.0 0.0 Net profit
from loss from loss 0.1 -0.2 -0.2 EPS (₹)
from loss from loss 0.06 -0.12 -0.15
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 ₹2.2 Cr.
Borrowings ₹120 Cr at Mar 2025.
531658
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago 26% 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
— +2.6%
42.1 41.1 0.0 Operating profit
from loss +54.0%
3.9 2.5 -0.0 OPM %
— +305 bps
9.1% 6.1% — Other income
— +121.6%
1.1 0.5 0.0 Net profit?
from loss +80.9%
4.1 2.2 -0.0 PAT margin %
— +418 bps
9.7% 5.5% — EPS (₹)
from loss +85.7%
0.26 0.14 -0.03
Quality of profit
Pre-tax profit ₹4.3 Cr: core business ₹3.2 Cr, other income ₹1.1 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹1.0 Cr:
-91% of FY25 net profit of ₹1.1 Cr.
Borrowings ₹11.0 Cr at Mar 2025.
531667
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 385 bps YoY 34% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +93%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+109.2% +10.8%
23.1 20.9 11.0 Operating profit
+4.7% -12.7%
0.9 1.0 0.8 OPM %
-385 bps -104 bps
3.9% 4.9% 7.7% Other income
+0.0% -65.9%
0.1 0.4 0.1 Net profit
+9.5% -68.1%
0.2 0.7 0.2 PAT margin %
-91 bps -246 bps
1.0% 3.5% 1.9% EPS (₹)
+13.0% -67.5%
0.26 0.80 0.23
Quality of profit
Pre-tax profit ₹0.4 Cr: core business ₹0.3 Cr, other income ₹0.1 Cr.
Core profit YoY: +92.9%
· reported profit +9.5%
Cash & debt
FY25 cash from operations ₹10.7 Cr:
635% of FY25 net profit of ₹1.7 Cr.
Borrowings ₹9.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.0 ₹23.1
+189.2% above Net profit ₹0.2 ₹0.2
+7.8% in line
531672
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -93% below its own trend Operating margin contracted 3991 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
-46.8% -3.8%
0.2 0.3 0.5 Operating profit
to loss loss narrowed -0.0 -0.1 0.1 OPM %
-3991 bps +1508 bps
-8.0% -23.1% 31.9% Other income
-27.3% -30.4%
0.2 0.2 0.2 Net profit
-88.2% -33.3%
0.0 0.0 0.2 PAT margin %
-2817 bps -354 bps
8.0% 11.5% 36.2% EPS (₹)
-89.2% -42.9%
0.04 0.07 0.37
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: to loss
· reported profit -88.2%
Cash & debt
FY25 cash from operations −₹1.1 Cr:
-189% of FY25 net profit of ₹0.6 Cr.
Borrowings ₹1.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.4 ₹0.2
-38.2% below Net profit ₹0.3 ₹0.0
-93.3% below
531673
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 464 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
+132.8% -4.8%
5.6 5.9 2.4 Operating profit
+566.7% -4.8%
0.4 0.4 0.1 OPM %
+464 bps -0 bps
7.1% 7.1% 2.5% Other income
-38.2% +75.0%
0.2 0.1 0.3 Net profit?
+150.0% from loss 0.1 -0.0 0.0 PAT margin %
+12 bps +195 bps
1.8% -0.2% 1.7% EPS (₹)
-33.3% —
0.02 0.00 0.03
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
· reported profit +150.0%
Cash & debt
FY25 cash from operations ₹1.0 Cr.
Borrowings ₹3.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.8 ₹5.6
+16.4% above
531680
· 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 Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss widened loss widened -0.1 -0.1 -0.1 Other income
— —
0.8 0.0 0.1 Net profit?
from loss from loss 0.6 -0.1 -0.1 EPS (₹)
from loss from loss 1.30 -0.23 -0.21
Quality of profit
Pre-tax profit ₹0.6 Cr: core business −₹0.2 Cr, other income ₹0.8 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹0.8 Cr:
-3750% of FY25 net profit of ₹0.0 Cr.
Borrowings ₹3.9 Cr at Mar 2025.
531744
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +238% above its own trend 75% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +19%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-1.6% +17.6%
10.8 9.1 10.9 Operating profit
+4.8% +230.0%
0.7 0.2 0.6 OPM %
+37 bps +395 bps
6.1% 2.2% 5.8% Other income
-32.1% -32.9%
0.6 0.8 0.8 Net profit
+69.5% +614.3%
1.0 0.1 0.6 PAT margin %
+390 bps +777 bps
9.3% 1.5% 5.4% EPS (₹)
+70.5% +616.0%
1.79 0.25 1.05
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.2 Cr, other income ₹0.6 Cr.
Core profit YoY: +18.8%
· reported profit +69.5%
Cash & debt
FY25 cash from operations ₹1.8 Cr:
101% of FY25 net profit of ₹1.8 Cr.
Borrowings ₹4.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.3 ₹10.8
+4.7% in line Net profit ₹0.3 ₹1.0
+238.0% above
531771
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -43% below its own trend Operating margin contracted 1736 bps YoY 25% 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
+252.6% +127.1%
134 59.0 38.0 Operating profit
+20.0% +9.1%
12.0 11.0 10.0 OPM %
-1736 bps -969 bps
9.0% 18.6% 26.3% Other income
+300.0% +100.0%
4.0 2.0 1.0 Net profit?
+14.3% -11.1%
8.0 9.0 7.0 PAT margin %
-1245 bps -928 bps
6.0% 15.3% 18.4% EPS (₹)
+20.0% -1.4%
2.16 2.19 1.80
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹12.0 Cr, other income ₹4.0 Cr.
Core profit YoY: +20.0%
· reported profit +14.3%
Cash & debt
FY25 cash from operations −₹75.0 Cr:
-300% of FY25 net profit of ₹25.0 Cr.
Borrowings ₹189 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹72.5 ₹134
+84.7% above Net profit ₹14.0 ₹8.0
-42.9% below
531797
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +184% above its own trend Operating margin expanded 335 bps YoY 36% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+24.9% +57.2%
4.3 2.7 3.4 Operating profit
+500.0% +20.0%
0.2 0.1 0.0 OPM %
+335 bps -131 bps
4.2% 5.5% 0.9% Other income
+200.0% +50.0%
0.1 0.1 0.0 Net profit
+433.3% +6.7%
0.2 0.1 0.0 PAT margin %
+288 bps -178 bps
3.8% 5.5% 0.9% EPS (₹)
+460.0% +7.7%
0.56 0.52 0.10
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: —
· reported profit +433.3%
Cash & debt
FY25 cash from operations ₹3.0 Cr:
532% of FY25 net profit of ₹0.6 Cr.
Borrowings ₹0.8 Cr at Sep 2025, against ₹0.1 Cr at Mar 2025 (+670% ).
Against its own trend ?
Trend Actual Gap
Sales ₹5.5 ₹4.3
-22.4% below Net profit ₹0.1 ₹0.2
+184.4% above
531802
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +313% above its own trend Operating margin expanded 9750 bps YoY 50% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+218.5% —
6.4 0.0 2.0 Operating profit
from loss from loss 0.9 -0.6 -1.7 OPM %
+9750 bps —
13.5% — -84.0% Other income
-69.2% -48.6%
0.6 1.1 1.9 Net profit?
+106.5% from loss 0.9 -0.1 0.5 PAT margin %
-809 bps —
14.9% — 23.0% EPS (₹)
+85.7% from loss 0.26 -0.01 0.14
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.6 Cr, other income ₹0.6 Cr.
Core profit YoY: from loss
· reported profit +106.5%
Cash & debt
FY25 cash from operations ₹44.0 Cr:
3407% of FY25 net profit of ₹1.3 Cr.
Borrowings ₹25.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.0 ₹6.4
+537.0% above Net profit ₹0.2 ₹0.9
+313.0% above
531814
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -16% below its own trend 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-22.9% +22.7%
37.8 30.8 49.1 Operating profit
-16.8% +5.5%
2.5 2.4 3.0 OPM %
+48 bps -107 bps
6.6% 7.6% 6.1% Other income
-33.3% +12.5%
0.4 0.3 0.5 Net profit
-4.6% -2.8%
1.0 1.1 1.1 PAT margin %
+52 bps -72 bps
2.7% 3.4% 2.2% EPS (₹)
-6.1% -3.1%
0.31 0.32 0.33
Quality of profit
Pre-tax profit ₹1.4 Cr: core business ₹1.1 Cr, other income ₹0.4 Cr.
Core profit YoY: -10.8%
· reported profit -4.6%
Cash & debt
FY25 cash from operations ₹17.0 Cr:
329% of FY25 net profit of ₹5.2 Cr.
Borrowings ₹47.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹50.6 ₹37.8
-25.2% below Net profit ₹1.2 ₹1.0
-15.6% below
531832
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
31% 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
— —
18.8 1.5 0.0 Operating profit
from loss from loss 0.8 -0.1 -0.1 OPM %
— +1167 bps
4.5% -7.2% — Other income
-68.1% +15.4%
0.1 0.1 0.5 Net profit
+38.2% —
0.5 0.0 0.3 PAT margin %
— +120 bps
2.5% 1.3% — EPS (₹)
+38.9% —
0.50 0.02 0.36
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.3 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit +38.2%
Cash & debt
FY25 cash from operations −₹7.0 Cr:
-1528% of FY25 net profit of ₹0.5 Cr.
Borrowings nil at Mar 2025.
531842
· 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
-30.8% +26.7%
109 85.9 157 Operating profit
-20.2% from loss 0.8 -0.1 1.0 OPM %
+10 bps +87 bps
0.8% -0.1% 0.7% Other income
+281.5% +180.3%
8.2 2.9 2.2 Net profit?
from loss +327.6%
7.0 1.6 -0.3 PAT margin %
+660 bps +451 bps
6.4% 1.9% -0.2% EPS (₹)
from loss +326.8%
2.39 0.56 -0.10
Quality of profit
Pre-tax profit ₹8.1 Cr: core business −₹0.1 Cr, other income ₹8.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹20.0 Cr:
152% of FY25 net profit of ₹13.1 Cr.
Borrowings ₹6.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹165 ₹109
-34.0% below
531893
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -74% below its own trend Operating margin contracted 1483 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
-81.6% -32.7%
5.7 8.5 30.9 Operating profit
to loss loss widened -0.8 -0.3 0.3 OPM %
-1483 bps -973 bps
-13.9% -4.1% 1.0% Other income
+205.0% +159.6%
1.2 0.5 0.4 Net profit
-62.0% +375.0%
0.2 0.0 0.5 PAT margin %
+172 bps +286 bps
3.3% 0.5% 1.6% EPS (₹)
-100.0% —
0.00 0.00 0.01
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.9 Cr, other income ₹1.2 Cr.
Core profit YoY: to loss
· reported profit -62.0%
Cash & debt
FY25 cash from operations −₹36.3 Cr.
Borrowings ₹2.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹49.6 ₹5.7
-88.5% below Net profit ₹0.7 ₹0.2
-74.2% below
531909
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss widened -0.2 -0.1 -0.3 Other income
+53.8% +53.8%
0.2 0.1 0.1 Net profit
from loss +100.0%
0.0 0.0 -0.2 EPS (₹)
— —
0.00 0.00 0.00
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹1.8 Cr.
Borrowings nil at Mar 2025.
531918
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +23% 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
— —
0.0 0.0 0.0 Operating profit
loss narrowed —
-0.1 -0.1 -0.1 Other income
+0.0% +0.0%
0.1 0.1 0.1 Net profit
+33.3% +0.0%
0.0 0.0 0.0 EPS (₹)
+33.3% +0.0%
0.04 0.04 0.03
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit +33.3%
Cash & debt
FY25 cash from operations −₹0.5 Cr:
-300% of FY25 net profit of ₹0.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.0 ₹0.0
+23.1% above
531931
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +25% 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
+40.0% -6.7%
0.1 0.1 0.1 Operating profit
loss narrowed loss widened -0.7 -0.6 -0.9 Other income
+47.6% +14.0%
6.7 5.8 4.5 Net profit?
+118.4% +14.5%
3.6 3.1 1.6 EPS (₹)
+118.0% +14.4%
12.12 10.59 5.56
Quality of profit
Pre-tax profit ₹5.2 Cr: core business −₹1.5 Cr, other income ₹6.7 Cr.
Core profit YoY: loss narrowed
· reported profit +118.4%
Cash & debt
FY25 cash from operations −₹61.0 Cr:
-563% of FY25 net profit of ₹10.8 Cr.
Borrowings ₹19.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹0.1
-27.7% below Net profit ₹2.9 ₹3.6
+24.6% above
531968
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.2 -0.2 Other income
-12.0% -8.3%
0.4 0.5 0.5 Net profit
from loss +33.3%
0.2 0.2 -1.3 EPS (₹)
from loss +33.3%
0.48 0.36 -2.58
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.1 Cr, other income ₹0.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹1.6 Cr:
-5% of FY25 net profit of ₹31.5 Cr.
Borrowings ₹35.0 Cr at Mar 2025.
531977
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 563 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
+7.6% -8.8%
17.4 19.1 16.2 Operating profit
-100.0% -100.0%
0.0 1.2 0.9 OPM %
-563 bps -624 bps
0.0% 6.2% 5.6% Other income
+202.1% -30.4%
1.4 2.0 0.5 Net profit?
+9.7% -83.2%
0.3 2.0 0.3 PAT margin %
+4 bps -864 bps
2.0% 10.6% 1.9% EPS (₹)
+0.0% -82.4%
0.03 0.17 0.03
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹1.0 Cr, other income ₹1.4 Cr.
Core profit YoY: loss widened
· reported profit +9.7%
Cash & debt
FY25 cash from operations ₹3.3 Cr:
266% of FY25 net profit of ₹1.2 Cr.
Borrowings ₹21.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹14.3 ₹17.4
+21.8% above
531979
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -54% 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
+627.8% +147.2%
2.6 1.1 0.4 Operating profit
loss widened loss narrowed -0.8 -0.8 -0.6 OPM %
— +4402 bps
-28.6% -72.6% — Other income
-29.5% -58.3%
2.1 5.0 3.0 Net profit?
-24.8% -79.7%
0.8 3.9 1.1 PAT margin %
— —
30.2% — — EPS (₹)
-25.1% -79.8%
1.25 6.19 1.67
Quality of profit
Pre-tax profit ₹1.2 Cr: core business −₹0.8 Cr, other income ₹2.1 Cr.
Core profit YoY: loss widened
· reported profit -24.8%
Cash & debt
FY25 cash from operations −₹3.2 Cr:
-43% of FY25 net profit of ₹7.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.7 ₹2.6
+263.9% above Net profit ₹1.7 ₹0.8
-54.3% below
531980
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 10000 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
-50.0% -50.0%
0.0 0.0 0.0 Operating profit
— —
-0.0 -0.0 0.0 OPM %
-10000 bps -5000 bps
-100.0% -50.0% 0.0% Other income
— +50.0%
0.0 0.0 0.0 Net profit
— —
0.0 0.0 0.0 PAT margin %
+5000 bps +5000 bps
50.0% 0.0% 0.0% EPS (₹)
— —
0.02 0.00 0.00
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.0 Cr.
Cash & debt
FY25 cash from operations −₹0.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.0
-60.0% below
531994
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -14% 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
-30.6% -25.3%
7.3 9.8 10.6 Operating profit
-30.8% +12.5%
0.3 0.2 0.4 OPM %
-1 bps +124 bps
3.7% 2.4% 3.7% Other income
+66.7% -44.4%
0.1 0.1 0.0 Net profit
-57.1% +50.0%
0.0 0.0 0.1 PAT margin %
-25 bps +21 bps
0.4% 0.2% 0.7% EPS (₹)
-58.3% +25.0%
0.05 0.04 0.12
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss
· reported profit -57.1%
Cash & debt
FY25 cash from operations −₹0.7 Cr:
-203% of FY25 net profit of ₹0.3 Cr.
Borrowings ₹4.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.9 ₹7.3
-7.9% below Net profit ₹0.0 ₹0.0
-14.3% below
532005
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 3270 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
+25.1% +86.3%
4.2 2.3 3.4 Operating profit
+142.4% +180.4%
2.9 1.0 1.2 OPM %
+3270 bps +2268 bps
67.6% 44.9% 34.9% Other income
+162.8% -55.5%
1.1 2.5 0.4 Net profit
from loss +35.8%
2.2 1.6 -0.0 PAT margin %
+5290 bps -1936 bps
52.0% 71.4% -0.9% EPS (₹)
from loss +35.6%
1.98 1.46 -0.03
Quality of profit
Pre-tax profit ₹2.8 Cr: core business ₹1.6 Cr, other income ₹1.1 Cr.
Core profit YoY: +800.0%
Cash & debt
FY25 cash from operations ₹5.7 Cr:
182% of FY25 net profit of ₹3.1 Cr.
Borrowings ₹33.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.5 ₹4.2
+21.9% above
532039
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Into loss: a profit a year ago Profit -198% below its own trend Operating margin contracted 428 bps YoY 60% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+14.9% +16.5%
11.2 9.6 9.8 Operating profit
-5.0% -6.9%
2.3 2.5 2.4 OPM %
-428 bps -513 bps
20.4% 25.5% 24.7% Other income
-55.6% +27.1%
0.8 0.6 1.7 Net profit
to loss to loss -0.8 1.0 1.4 PAT margin %
-2130 bps -1775 bps
-7.5% 10.3% 13.8% EPS (₹)
to loss to loss -0.14 0.16 0.22
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹0.5 Cr, other income ₹0.8 Cr.
Core profit YoY: -22.7%
Cash & debt
FY25 cash from operations ₹9.5 Cr:
171% of FY25 net profit of ₹5.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.8 ₹11.2
+14.9% above Net profit ₹0.9 −₹0.8
-198.0% below
532042
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -69% below its own trend All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+2.4% -17.9%
25.9 31.5 25.3 Operating profit
-4.4% -17.7%
0.7 0.8 0.7 OPM %
-18 bps +0 bps
2.5% 2.5% 2.7% Other income
-24.3% +11.0%
0.8 0.7 1.1 Net profit
-39.6% -3.5%
0.6 0.6 0.9 PAT margin %
-148 bps +32 bps
2.1% 1.8% 3.6% EPS (₹)
-39.6% -3.5%
1.10 1.14 1.82
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹0.1 Cr, other income ₹0.8 Cr.
Core profit YoY: loss widened
· reported profit -39.6%
Cash & debt
FY25 cash from operations ₹0.0 Cr:
0% of FY25 net profit of ₹2.9 Cr.
Borrowings ₹57.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹31.1 ₹25.9
-16.8% below Net profit ₹1.8 ₹0.6
-69.0% below
532067
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -25% below its own trend Operating margin contracted 1202 bps YoY 28% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+16.3% +52.5%
33.9 22.2 29.1 Operating profit
-8.9% +24.5%
14.7 11.8 16.2 OPM %
-1202 bps -977 bps
43.5% 53.2% 55.5% Other income
+60.2% +27.5%
5.5 4.3 3.4 Net profit?
+1.1% +18.9%
15.0 12.7 14.9 PAT margin %
-665 bps -1254 bps
44.4% 56.9% 51.0% EPS (₹)
+0.4% +16.8%
17.14 14.67 17.07
Quality of profit
Pre-tax profit ₹19.6 Cr: core business ₹14.1 Cr, other income ₹5.5 Cr.
Core profit YoY: -11.1%
· reported profit +1.1%
Cash & debt
FY25 cash from operations ₹43.0 Cr:
90% of FY25 net profit of ₹47.7 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹37.6 ₹33.9
-9.9% below Net profit ₹20.1 ₹15.0
-25.2% below
532090
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -25% below its own trend Operating margin contracted 934 bps YoY All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 25% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+67.1% +65.0%
1.3 0.8 0.8 Operating profit
loss widened to loss -0.1 0.1 -0.0 OPM %
-934 bps -1936 bps
-10.6% 8.8% -1.3% Other income
+216.7% —
0.2 0.0 0.1 Net profit
-25.0% -50.0%
0.0 0.1 0.0 PAT margin %
-279 bps -523 bps
2.3% 7.5% 5.1% EPS (₹)
— -100.0%
0.00 0.01 0.00
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 -25.0%
Cash & debt
FY25 cash from operations ₹0.0 Cr:
25% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹0.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.8 ₹1.3
+64.1% above Net profit ₹0.0 ₹0.0
-25.0% below
532131
· 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
— —
0.0 0.0 0.0 Operating profit
loss widened loss narrowed -0.1 -0.1 -0.0 Other income
+24.4% +3.7%
1.1 1.1 0.9 Net profit
+19.3% +7.1%
1.1 1.0 0.9
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹0.1 Cr, other income ₹1.1 Cr.
Core profit YoY: loss widened
· reported profit +19.3%
Cash & debt
FY25 cash from operations −₹4.1 Cr:
-111% of FY25 net profit of ₹3.7 Cr.
Borrowings ₹114 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹1.0 ₹1.1
+6.7% in line
532140
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -37% below its own trend Operating margin contracted 954 bps YoY 50% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -14%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+9.0% +104.1%
51.8 25.4 47.5 Operating profit
-48.3% +126.4%
4.5 2.0 8.6 OPM %
-954 bps +85 bps
8.6% 7.8% 18.2% Other income
+63.4% +72.7%
1.5 0.9 0.9 Net profit?
+13.0% from loss 3.0 -1.0 2.7 PAT margin %
+21 bps +985 bps
5.9% -4.0% 5.7% EPS (₹)
+15.4% from loss 0.15 -0.05 0.13
Quality of profit
Pre-tax profit ₹3.0 Cr: core business ₹1.5 Cr, other income ₹1.5 Cr.
Core profit YoY: -13.6%
· reported profit +13.0%
Cash & debt
FY25 cash from operations ₹32.0 Cr:
602% of FY25 net profit of ₹5.3 Cr.
Borrowings ₹115 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹53.9 ₹51.8
-3.9% in line Net profit ₹4.9 ₹3.0
-37.4% 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
