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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532145
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -35% below its own trend Operating margin contracted 536 bps YoY 47% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -72%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-6.0% -2.0%
5.8 5.9 6.2 Operating profit
-37.8% +17.3%
0.6 0.5 1.0 OPM %
-536 bps +173 bps
10.5% 8.8% 15.9% Other income
from loss -43.8%
0.1 0.2 -0.0 Net profit
-26.7% -15.4%
0.1 0.1 0.1 PAT margin %
-53 bps -30 bps
1.9% 2.2% 2.4% EPS (₹)
-22.2% -12.5%
0.07 0.08 0.09
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: -72.2%
· reported profit -26.7%
Cash & debt
FY25 cash from operations ₹2.0 Cr:
141% of FY25 net profit of ₹1.4 Cr.
Borrowings ₹16.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.3 ₹5.8
-7.9% below Net profit ₹0.2 ₹0.1
-34.9% below
532230
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 417 bps YoY 33% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 26% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-16.7% +122.2%
20.0 9.0 24.0 Operating profit
-28.6% —
5.0 0.0 7.0 OPM %
-417 bps +2500 bps
25.0% 0.0% 29.2% Other income
+100.0% -77.8%
2.0 9.0 1.0 Net profit
from loss -16.7%
5.0 6.0 -2.0 PAT margin %
+3333 bps -4167 bps
25.0% 66.7% -8.3% EPS (₹)
from loss -18.2%
5.54 6.77 -2.56
Quality of profit
Pre-tax profit ₹6.0 Cr: core business ₹4.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -42.9%
Cash & debt
FY25 cash from operations ₹21.7 Cr:
26% of FY25 net profit of ₹84.0 Cr.
Borrowings ₹5.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹21.8 ₹20.0
-8.3% below
532304
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +57% above its own trend 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+35.5% +9.0%
3.4 3.1 2.5 Operating profit
+37.3% -11.2%
1.0 1.2 0.8 OPM %
+41 bps -689 bps
30.3% 37.2% 29.9% Other income
+28.6% +145.5%
0.3 0.1 0.2 Net profit?
+10.2% -8.5%
0.7 0.7 0.6 PAT margin %
-439 bps -364 bps
19.1% 22.8% 23.5% EPS (₹)
+10.7% -8.3%
1.66 1.81 1.50
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.7 Cr, other income ₹0.3 Cr.
Core profit YoY: +25.4%
· reported profit +10.2%
Cash & debt
FY25 cash from operations ₹7.1 Cr:
691% of FY25 net profit of ₹1.0 Cr.
Borrowings ₹2.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.3 ₹3.4
+45.6% above Net profit ₹0.4 ₹0.7
+56.9% above
532344
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -32% below its own trend Operating margin expanded 636 bps YoY 34% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +38%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+10.4% +0.0%
3.4 3.4 3.1 Operating profit
+22.6% -14.6%
2.2 2.5 1.8 OPM %
+636 bps -1091 bps
64.0% 74.9% 57.7% Other income
-57.2% -69.5%
0.9 2.8 2.0 Net profit
-17.3% -58.1%
1.9 4.4 2.2 PAT margin %
-1842 bps —
54.9% — 73.3% EPS (₹)
-17.1% -58.0%
1.26 3.00 1.52
Quality of profit
Pre-tax profit ₹2.5 Cr: core business ₹1.7 Cr, other income ₹0.9 Cr.
Core profit YoY: +38.0%
· reported profit -17.3%
Cash & debt
FY25 cash from operations −₹3.5 Cr:
-40% of FY25 net profit of ₹8.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.8 ₹3.4
+19.5% above Net profit ₹2.7 ₹1.9
-31.8% below
532355
· 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
+0.0% +0.0%
0.0 0.0 0.0 Operating profit
loss widened loss narrowed -0.6 -0.6 -0.4 Other income
+37.9% +0.2%
4.9 4.9 3.6 Net profit?
from loss +500.0%
0.1 0.0 -0.3 EPS (₹)
from loss —
0.01 0.00 -0.08
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹4.8 Cr, other income ₹4.9 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹47.2 Cr:
2293% of FY25 net profit of ₹2.1 Cr.
Borrowings ₹215 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹0.0
+0.0% in line
532373
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -68% below its own trend Operating margin contracted 308 bps YoY 82% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+9.4% +8.6%
17.5 16.1 16.0 Operating profit
-4.7% +6.8%
3.6 3.4 3.8 OPM %
-308 bps -35 bps
20.7% 21.1% 23.8% Other income
+12.1% -26.0%
0.4 0.5 0.3 Net profit
-73.9% -44.4%
0.3 0.5 1.1 PAT margin %
-548 bps -164 bps
1.7% 3.3% 7.2% EPS (₹)
-74.2% -46.7%
0.08 0.15 0.31
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.1 Cr, other income ₹0.4 Cr.
Core profit YoY: -93.5%
· reported profit -73.9%
Cash & debt
FY25 cash from operations ₹6.4 Cr:
160% of FY25 net profit of ₹4.0 Cr.
Borrowings ₹15.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹15.6 ₹17.5
+12.0% above Net profit ₹0.9 ₹0.3
-68.2% below
532379
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
50% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +300%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+38.8% +4.6%
0.7 0.7 0.5 Operating profit
+50.0% +50.0%
0.1 0.0 0.0 OPM %
+66 bps +267 bps
8.8% 6.2% 8.2% Other income
+33.3% -20.0%
0.0 0.1 0.0 Net profit
+50.0% +20.0%
0.1 0.1 0.0 PAT margin %
+66 bps +113 bps
8.8% 7.7% 8.2% EPS (₹)
+50.0% +20.0%
0.06 0.05 0.04
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +300.0%
· reported profit +50.0%
Cash & debt
FY25 cash from operations −₹0.1 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.5 ₹0.7
+26.0% above Net profit ₹0.1 ₹0.1
+0.0% in line
532380
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +112% above its own trend 33% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +520%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+411.6% -1.9%
3.5 3.6 0.7 Operating profit
+371.4% +135.7%
0.3 0.1 0.1 OPM %
-80 bps +546 bps
9.3% 3.9% 10.1% Other income
-60.5% +114.3%
0.1 0.1 0.4 Net profit
+6.1% +133.3%
0.3 0.1 0.3 PAT margin %
-3791 bps +575 bps
9.9% 4.2% 47.8% EPS (₹)
+16.7% +133.3%
0.07 0.03 0.06
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.3 Cr, other income ₹0.1 Cr.
Core profit YoY: +520.0%
· reported profit +6.1%
Cash & debt
FY25 cash from operations −₹6.4 Cr:
-445% of FY25 net profit of ₹1.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.4 ₹3.5
+155.8% above Net profit ₹0.2 ₹0.3
+112.1% above
532384
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -62% below its own trend Operating margin contracted 2390 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
-31.1% +11.5%
14.2 12.7 20.5 Operating profit
to loss to loss -0.1 1.9 4.7 OPM %
-2390 bps -1619 bps
-0.9% 15.3% 23.0% Other income
+132.5% +49.7%
2.6 1.8 1.1 Net profit
-61.9% -37.4%
1.5 2.4 4.0 PAT margin %
-869 bps -840 bps
10.7% 19.1% 19.4% EPS (₹)
-62.0% -37.6%
1.48 2.37 3.89
Quality of profit
Pre-tax profit ₹2.0 Cr: core business −₹0.6 Cr, other income ₹2.6 Cr.
Core profit YoY: to loss
· reported profit -61.9%
Cash & debt
FY25 cash from operations ₹8.5 Cr:
69% of FY25 net profit of ₹12.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹17.4 ₹14.2
-18.4% below Net profit ₹4.0 ₹1.5
-61.8% below
532410
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago 59% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 10% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-48.6% +8.7%
249 229 485 Operating profit
+929.4% +44.6%
1.8 1.2 0.2 OPM %
+67 bps +17 bps
0.7% 0.5% 0.0% Other income
-1.6% +13.6%
1.2 1.1 1.3 Net profit?
from loss +67.6%
1.7 1.0 -0.3 PAT margin %
+75 bps +24 bps
0.7% 0.4% -0.1% EPS (₹)
from loss +68.8%
0.54 0.32 -0.10
Quality of profit
Pre-tax profit ₹2.1 Cr: core business ₹0.9 Cr, other income ₹1.2 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹1.0 Cr:
10% of FY25 net profit of ₹10.2 Cr.
Borrowings ₹20.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹308 ₹249
-19.1% below
532455
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +751% above its own trend Operating margin expanded 141 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
+16.9% +9.6%
36.0 32.8 30.8 Operating profit
+24.9% +7.6%
7.9 7.4 6.3 OPM %
+141 bps -40 bps
22.0% 22.4% 20.6% Other income
+20.5% +1.9%
0.5 0.5 0.4 Net profit
+492.0% +46.5%
1.5 1.0 0.2 PAT margin %
+330 bps +104 bps
4.1% 3.1% 0.8% EPS (₹)
+483.3% +45.8%
0.35 0.24 0.06
Quality of profit
Pre-tax profit ₹1.5 Cr: core business ₹0.9 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
· reported profit +492.0%
Cash & debt
FY25 cash from operations ₹47.0 Cr:
2009% of FY25 net profit of ₹2.3 Cr.
Borrowings ₹89.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹31.1 ₹36.0
+15.8% above Net profit ₹0.2 ₹1.5
+750.9% above
532485
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
37% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-0.6% -6.6%
638 683 642 Operating profit
-4.1% -18.6%
70.0 86.0 73.0 OPM %
-40 bps -162 bps
11.0% 12.6% 11.4% Other income
-6.9% +8.0%
27.0 25.0 29.0 Net profit?
-9.5% -17.4%
57.0 69.0 63.0 PAT margin %
-88 bps -117 bps
8.9% 10.1% 9.8% EPS (₹)
-8.8% -17.4%
1.66 2.01 1.82
Quality of profit
Pre-tax profit ₹75.0 Cr: core business ₹47.0 Cr, other income ₹27.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -13.0%
· reported profit -9.5%
Cash & debt
FY25 cash from operations ₹164 Cr:
61% of FY25 net profit of ₹267 Cr.
Borrowings ₹106 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹688 ₹638
-7.3% below Net profit ₹62.5 ₹57.0
-8.8% in line
532503
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 564 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
+5.2% +27.5%
241 189 229 Operating profit
+55.6% +82.6%
42.0 23.0 27.0 OPM %
+564 bps +526 bps
17.4% 12.2% 11.8% Other income
+33.3% +33.3%
4.0 3.0 3.0 Net profit?
from loss +112.5%
17.0 8.0 -6.0 PAT margin %
+967 bps +282 bps
7.1% 4.2% -2.6% EPS (₹)
from loss +110.6%
18.55 8.81 -6.18
Quality of profit
Pre-tax profit ₹4.0 Cr: core business ₹0.0 Cr, other income ₹4.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹116 Cr:
725% of FY25 net profit of ₹16.0 Cr.
Borrowings ₹1,112 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹227 ₹241
+6.2% above
532701
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -100% 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
-4.3% -87.9%
0.2 1.8 0.2 Operating profit
loss narrowed to loss -0.4 0.7 -0.5 Other income
-98.6% -49.4%
0.8 1.5 54.5 Net profit
-99.2% -71.1%
0.4 1.4 50.5 EPS (₹)
-99.2% -71.6%
0.19 0.67 25.06
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.4 Cr, other income ₹0.8 Cr.
Core profit YoY: loss narrowed
· reported profit -99.2%
Cash & debt
FY25 cash from operations −₹22.0 Cr:
-43% of FY25 net profit of ₹51.4 Cr.
Borrowings ₹9.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.2
+91.3% above Net profit ₹101 ₹0.4
-99.6% below
532893
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -88% below its own trend Operating margin contracted 1270 bps YoY 40% 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
+22.8% +24.9%
89.9 72.0 73.2 Operating profit
-62.6% -40.7%
5.0 8.4 13.4 OPM %
-1270 bps -615 bps
5.6% 11.7% 18.3% Other income
-44.2% +33.3%
1.2 0.9 2.1 Net profit
-76.3% -49.6%
2.3 4.6 9.8 PAT margin %
-1077 bps -381 bps
2.6% 6.4% 13.4% EPS (₹)
-76.3% -50.0%
0.23 0.46 0.97
Quality of profit
Pre-tax profit ₹2.9 Cr: core business ₹1.7 Cr, other income ₹1.2 Cr.
Core profit YoY: -83.7%
· reported profit -76.3%
Cash & debt
FY25 cash from operations −₹38.0 Cr:
-84% of FY25 net profit of ₹45.4 Cr.
Borrowings ₹41.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹119 ₹89.9
-24.5% below Net profit ₹19.5 ₹2.3
-88.1% below
532918
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +86% above its own trend 55% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -27%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+25.7% -5.5%
126 133 99.9 Operating profit
+3.7% +15.2%
3.6 3.1 3.5 OPM %
-61 bps +52 bps
2.9% 2.4% 3.5% Other income
— +140.9%
0.5 0.2 0.0 Net profit
+61.7% +15.5%
1.0 0.8 0.6 PAT margin %
+17 bps +14 bps
0.8% 0.6% 0.6% EPS (₹)
+59.5% +15.7%
0.59 0.51 0.37
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.4 Cr, other income ₹0.5 Cr.
Core profit YoY: -26.7%
· reported profit +61.7%
Cash & debt
FY25 cash from operations −₹3.0 Cr:
-85% of FY25 net profit of ₹3.5 Cr.
Borrowings ₹82.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹86.0 ₹126
+46.0% above Net profit ₹0.5 ₹1.0
+86.3% above
532975
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
29% 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
+10.7% +63.8%
5.2 3.1 4.7 Operating profit
+12.0% -3.4%
0.3 0.3 0.2 OPM %
+6 bps -378 bps
5.4% 9.2% 5.4% Other income
-44.4% +66.7%
0.1 0.0 0.1 Net profit
-54.1% +6.3%
0.2 0.2 0.4 PAT margin %
-465 bps -178 bps
3.3% 5.1% 7.9% EPS (₹)
-66.7% +0.0%
0.05 0.05 0.15
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: -14.3%
· reported profit -54.1%
Cash & debt
FY25 cash from operations −₹10.8 Cr:
-635% of FY25 net profit of ₹1.7 Cr.
Borrowings ₹2.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.4 ₹5.2
-3.6% in line Net profit ₹0.2 ₹0.2
-8.1% in line
533014
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -35% below its own trend 31% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +27%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+14.7% +10.9%
227 205 198 Operating profit
+9.6% -7.0%
9.1 9.7 8.3 OPM %
-19 bps -77 bps
4.0% 4.8% 4.2% Other income
-35.7% -8.9%
1.8 1.9 2.7 Net profit?
+0.0% -8.8%
4.1 4.5 4.1 PAT margin %
-27 bps -39 bps
1.8% 2.2% 2.1% EPS (₹)
+0.0% -8.7%
1.05 1.15 1.05
Quality of profit
Pre-tax profit ₹5.7 Cr: core business ₹4.0 Cr, other income ₹1.8 Cr.
Core profit YoY: +27.2%
· reported profit +0.0%
Cash & debt
FY25 cash from operations ₹33.0 Cr:
193% of FY25 net profit of ₹17.1 Cr.
Borrowings ₹148 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹200 ₹227
+13.6% above Net profit ₹6.4 ₹4.1
-35.3% below
533167
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 931 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
+35.2% +56.5%
13.4 8.6 9.9 Operating profit
from loss +25.8%
1.2 0.9 -0.1 OPM %
+931 bps -212 bps
8.7% 10.8% -0.6% Other income
— —
0.1 0.0 0.0 Net profit
-72.7% from loss 0.0 -0.7 0.1 PAT margin %
-88 bps +872 bps
0.2% -8.5% 1.1% EPS (₹)
-66.7% from loss 0.01 -0.21 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 -72.7%
Cash & debt
FY25 cash from operations −₹1.6 Cr:
-398% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹22.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.0 ₹13.4
+170.4% above
533202
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 8889 bps YoY 90% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 22% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+50.0% —
9.0 0.0 6.0 Operating profit
from loss from loss 5.0 -3.0 -2.0 OPM %
+8889 bps —
55.6% — -33.3% Other income
— —
46.0 0.0 1.0 Net profit?
from loss from loss 52.0 -3.0 -1.0 EPS (₹)
from loss from loss 3.54 -0.18 -0.04
Quality of profit
Pre-tax profit ₹52.0 Cr: core business ₹5.0 Cr, other income ₹46.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹4.0 Cr:
22% of FY25 net profit of ₹18.0 Cr.
Borrowings ₹134 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.0 ₹9.0
+200.0% above
533285
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 479 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
-43.0% -72.6%
18.5 67.6 32.5 Operating profit
-73.7% -69.6%
0.8 2.5 2.9 OPM %
-479 bps +41 bps
4.1% 3.7% 8.9% Other income
— +145.2%
4.1 1.7 0.2 Net profit
+79.4% +12.1%
3.0 2.7 1.7 PAT margin %
+1125 bps +1246 bps
16.5% 4.0% 5.2% EPS (₹)
— +7.1%
0.15 0.14 0.10
No EPS growth against Sep 2024: ₹10 to ₹1 split in Feb 2025.
Quality of profit
Pre-tax profit ₹4.1 Cr: core business −₹0.1 Cr, other income ₹4.1 Cr.
Core profit YoY: to loss
· reported profit +79.4%
Cash & debt
FY25 cash from operations −₹82.0 Cr:
-1480% of FY25 net profit of ₹5.5 Cr.
Borrowings ₹77.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹65.0 ₹18.5
-71.5% below Net profit ₹3.2 ₹3.0
-4.6% in line
533407
· 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
-86.7% -71.4%
2.0 7.0 15.0 Operating profit
— -100.0%
0.0 2.0 0.0 OPM %
+0 bps -2857 bps
0.0% 28.6% 0.0% Other income
+0.0% —
1.0 0.0 1.0 Net profit
— —
1.0 0.0 0.0 PAT margin %
+5000 bps +5000 bps
50.0% 0.0% 0.0% EPS (₹)
+85.7% from loss 0.26 -0.12 0.14
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.0 Cr, other income ₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹31.0 Cr.
Borrowings ₹174 Cr at Mar 2025.
533427
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +20% 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
-56.3% +7.4%
42.6 39.6 97.5 Operating profit
loss narrowed to loss -0.1 0.1 -0.1 OPM %
-12 bps -56 bps
-0.2% 0.3% -0.1% Other income
-52.5% -18.2%
1.3 1.5 2.6 Net profit
-34.7% +9.3%
0.5 0.4 0.7 PAT margin %
+37 bps +2 bps
1.1% 1.1% 0.7% EPS (₹)
-34.5% +5.6%
0.19 0.18 0.29
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹0.6 Cr, other income ₹1.3 Cr.
Core profit YoY: loss narrowed
· reported profit -34.7%
Cash & debt
FY25 cash from operations −₹46.0 Cr:
-675% of FY25 net profit of ₹6.8 Cr.
Borrowings ₹15.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹49.9 ₹42.6
-14.6% below Net profit ₹0.4 ₹0.5
+20.5% above
533602
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +350% above its own trend All of pre-tax profit came from other income or one-off items Profit grew faster than the core business (core profit -100%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-97.8% —
0.1 0.0 4.6 Operating profit
-100.0% loss narrowed 0.0 -0.1 0.0 OPM %
-65 bps —
0.0% — 0.6% Other income
+800.0% +0.0%
0.1 0.1 0.0 Net profit
+125.0% +350.0%
0.1 0.0 0.0 PAT margin %
+8913 bps —
90.0% — 0.9% EPS (₹)
— —
0.00 0.00 0.00
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: -100.0%
· reported profit +125.0%
Cash & debt
FY25 cash from operations −₹38.6 Cr:
-7728% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹0.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.3 ₹0.1
-95.7% below Net profit ₹0.0 ₹0.1
+350.0% above
533608
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +58% above its own trend Operating margin expanded 1506 bps YoY 47% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +229%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+11.7% +21.8%
34.1 28.0 30.5 Operating profit
+202.6% +31.5%
8.1 6.2 2.7 OPM %
+1506 bps +176 bps
23.9% 22.1% 8.8% Other income
+22.6% +25.4%
7.0 5.6 5.7 Net profit
+83.8% +29.5%
11.1 8.6 6.0 PAT margin %
+1276 bps +194 bps
32.6% 30.6% 19.8% EPS (₹)
+83.9% +29.5%
6.27 4.84 3.41
Quality of profit
Pre-tax profit ₹14.8 Cr: core business ₹7.8 Cr, other income ₹7.0 Cr.
Core profit YoY: +229.4%
· reported profit +83.8%
Cash & debt
FY25 cash from operations −₹12.0 Cr:
-45% of FY25 net profit of ₹26.5 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹33.5 ₹34.1
+1.6% in line Net profit ₹7.0 ₹11.1
+57.8% above
534796
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 545 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
-80.0% -15.4%
0.2 0.3 1.1 Operating profit
loss narrowed loss narrowed -0.0 -0.5 -0.0 OPM %
-545 bps —
-9.1% — -3.6% Other income
+700.0% —
0.2 0.0 0.0 Net profit
from loss from loss 0.1 -0.5 -0.3 PAT margin %
+8818 bps —
63.6% — -24.5% EPS (₹)
from loss from loss 0.15 -0.56 -0.88
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹2.9 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.6 ₹0.2
-63.4% below
534920
· 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 0.0 -0.0 -0.0 Other income
— —
0.0 0.0 0.0 Net profit
from loss from loss 0.0 -0.0 -0.0 EPS (₹)
from loss from loss 0.01 -0.02 -0.01
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 −₹1.4 Cr:
-1000% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹1.6 Cr at Mar 2025.
535204
· 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 -0.1 -0.1 -0.1 Other income
-46.7% —
0.1 0.0 0.1 Net profit
-87.5% from loss 0.0 -0.1 0.1 EPS (₹)
-100.0% loss narrowed 0.00 -0.05 0.04
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: —
· reported profit -87.5%
Cash & debt
FY25 cash from operations ₹0.8 Cr.
Borrowings nil at Mar 2025.
535205
· 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 -0.1 -0.1 -0.1 Other income
-61.1% —
0.1 0.0 0.2 Net profit
-53.8% from loss 0.1 -0.1 0.1 EPS (₹)
-57.1% from loss 0.03 -0.04 0.07
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: —
· reported profit -53.8%
Cash & debt
FY25 cash from operations ₹1.0 Cr:
95% of FY25 net profit of ₹1.0 Cr.
Borrowings nil at Mar 2025.
535387
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 571 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
-70.4% +594.2%
7.2 1.0 24.1 Operating profit
to loss to loss -0.2 0.8 0.7 OPM %
-571 bps -7867 bps
-2.9% 75.7% 2.8% Other income
+113.3% +91.0%
1.3 0.7 0.6 Net profit
-47.4% -38.8%
0.6 1.0 1.1 PAT margin %
+367 bps -8675 bps
8.4% 95.1% 4.7% EPS (₹)
-47.7% -39.4%
0.57 0.94 1.09
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹0.3 Cr, other income ₹1.3 Cr.
Core profit YoY: to loss
· reported profit -47.4%
Cash & debt
FY25 cash from operations −₹8.3 Cr:
-137% of FY25 net profit of ₹6.0 Cr.
Borrowings ₹15.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹48.2 ₹7.2
-85.2% 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
