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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535730
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +85% above its own trend Operating margin contracted 3454 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+9.7% —
0.3 0.0 0.3 Operating profit
loss widened loss narrowed -0.3 -0.3 -0.1 OPM %
-3454 bps —
-76.5% — -41.9% Other income
+147.4% -40.9%
0.9 1.6 0.4 Net profit
+270.6% -49.6%
0.6 1.2 0.2 EPS (₹)
— -66.7%
0.01 0.03 0.00
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹0.3 Cr, other income ₹0.9 Cr.
Core profit YoY: loss widened
· reported profit +270.6%
Cash & debt
FY25 cash from operations −₹13.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.3 ₹0.6
+85.3% above
536672
· 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
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss widened -0.1 -0.1 -0.2 Other income
-80.6% +16.7%
0.1 0.1 0.4 Net profit
-100.0% —
0.0 0.0 0.1 EPS (₹)
-100.0% —
0.00 0.00 0.06
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 -100.0%
Cash & debt
FY25 cash from operations −₹0.9 Cr:
-1343% of FY25 net profit of ₹0.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.2 ₹0.0
-100.0% below
537253
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 531 bps YoY 32% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+16.1% +3.9%
23.5 22.6 20.3 Operating profit
+70.1% +20.2%
3.9 3.3 2.3 OPM %
+531 bps +227 bps
16.7% 14.4% 11.4% Other income
+133.3% -51.2%
0.4 0.9 0.2 Net profit?
from loss +9.9%
1.0 0.9 -0.6 PAT margin %
+697 bps +23 bps
4.3% 4.0% -2.7% EPS (₹)
from loss +10.1%
0.98 0.89 -0.54
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹0.9 Cr, other income ₹0.4 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹11.5 Cr.
Borrowings ₹68.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹19.2 ₹23.5
+22.4% above
537254
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 10927 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
— —
3.6 0.0 0.2 Operating profit
from loss from loss 1.1 -1.8 -0.2 OPM %
+10927 bps —
31.0% — -78.3% Other income
+943.8% —
1.7 0.0 0.2 Net profit
from loss from loss 1.6 -3.0 -1.4 PAT margin %
— —
43.6% — — EPS (₹)
from loss from loss 1.00 -1.89 -0.89
Quality of profit
Pre-tax profit ₹1.6 Cr: core business −₹0.1 Cr, other income ₹1.7 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹8.4 Cr.
Borrowings ₹236 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹3.6
+999.0% above
537326
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -46% below its own trend Operating margin contracted 1270 bps YoY 78% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -79%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-39.9% -46.7%
5.1 9.6 8.5 Operating profit
-68.6% -77.8%
0.7 3.2 2.3 OPM %
-1270 bps -1952 bps
13.9% 33.4% 26.6% Other income
— -7.4%
1.4 1.5 0.1 Net profit
-21.2% -59.1%
1.2 3.0 1.6 PAT margin %
+574 bps -733 bps
24.1% 31.5% 18.4% EPS (₹)
-35.5% -58.9%
0.69 1.68 1.07
Quality of profit
Pre-tax profit ₹1.8 Cr: core business ₹0.4 Cr, other income ₹1.4 Cr.
Core profit YoY: -79.4%
· reported profit -21.2%
Cash & debt
FY25 cash from operations −₹1.2 Cr:
-17% of FY25 net profit of ₹7.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.8 ₹5.1
-41.8% below Net profit ₹2.3 ₹1.2
-46.2% below
537669
· H1 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 819 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+20.8% +11.5%
29.0 26.0 24.0 Operating profit
+100.0% -14.3%
6.0 7.0 3.0 OPM %
+819 bps -623 bps
20.7% 26.9% 12.5% Other income
— —
0.0 0.0 0.0 Net profit
— -50.0%
3.0 6.0 0.0 PAT margin %
+1034 bps -1273 bps
10.3% 23.1% 0.0% EPS (₹)
— -55.0%
5.01 11.14 0.16
Quality of profit
Pre-tax profit ₹4.0 Cr: core business ₹3.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Cash & debt
FY25 cash from operations ₹2.0 Cr.
Borrowings ₹45.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹30.5 ₹29.0
-4.9% in line
537707
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -28% 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
— —
0.0 0.0 0.0 Operating profit
— loss narrowed -0.1 -0.2 -0.1 Other income
+4.9% +2.4%
0.8 0.8 0.8 Net profit
-10.8% +38.1%
0.6 0.4 0.7 EPS (₹)
-20.0% +33.3%
0.04 0.03 0.05
Quality of profit
Pre-tax profit ₹0.8 Cr: core business −₹0.1 Cr, other income ₹0.8 Cr.
Core profit YoY: —
· reported profit -10.8%
Cash & debt
FY25 cash from operations −₹16.2 Cr:
-1410% of FY25 net profit of ₹1.2 Cr.
Borrowings ₹1.9 Cr at Sep 2025, against ₹1.9 Cr at Mar 2025 (+0% ).
Against its own trend ?
Trend Actual Gap
Net profit ₹0.8 ₹0.6
-27.6% below
537840
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +22% above its own trend Operating margin contracted 1106 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
+124.9% +0.7%
9.6 9.5 4.3 Operating profit
-95.8% -97.4%
0.0 0.8 0.5 OPM %
-1106 bps -778 bps
0.2% 8.0% 11.3% Other income
from loss +60.3%
1.0 0.6 -0.1 Net profit
+144.1% -6.7%
0.8 0.9 0.3 PAT margin %
+68 bps -69 bps
8.7% 9.4% 8.0% EPS (₹)
+143.1% -6.8%
2.48 2.66 1.02
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹0.1 Cr, other income ₹1.0 Cr.
Core profit YoY: to loss
· reported profit +144.1%
Cash & debt
FY25 cash from operations −₹1.0 Cr:
-80% of FY25 net profit of ₹1.2 Cr.
Borrowings ₹1.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.5 ₹9.6
+12.4% above Net profit ₹0.7 ₹0.8
+22.1% above
538081
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -45% 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
— +245.4%
3.4 1.0 0.0 Operating profit
loss widened loss widened -0.3 -0.2 -0.2 OPM %
— +1240 bps
-9.3% -21.6% — Other income
+0.0% +0.0%
0.6 0.6 0.6 Net profit
-31.0% -37.5%
0.2 0.3 0.3 PAT margin %
— -2702 bps
6.0% 33.0% — EPS (₹)
-31.6% -38.1%
0.13 0.21 0.19
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.4 Cr, other income ₹0.6 Cr.
Core profit YoY: loss widened
· reported profit -31.0%
Cash & debt
FY25 cash from operations ₹1.4 Cr:
163% of FY25 net profit of ₹0.8 Cr.
Borrowings ₹0.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.4 ₹0.2
-44.8% below
538401
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -47% below its own trend Operating margin contracted 718 bps YoY 85% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -82%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-19.4% -43.3%
5.9 10.4 7.3 Operating profit
-61.4% -77.8%
0.4 1.8 1.0 OPM %
-718 bps -1028 bps
6.6% 16.9% 13.8% Other income
+37.5% +45.3%
0.8 0.5 0.6 Net profit?
-34.7% -56.9%
0.7 1.5 1.0 PAT margin %
-261 bps -350 bps
11.2% 14.7% 13.8% EPS (₹)
-34.4% -56.8%
1.20 2.78 1.83
Quality of profit
Pre-tax profit ₹0.9 Cr: core business ₹0.1 Cr, other income ₹0.8 Cr.
Core profit YoY: -82.5%
· reported profit -34.7%
Cash & debt
FY25 cash from operations ₹5.7 Cr:
148% of FY25 net profit of ₹3.9 Cr.
Borrowings ₹3.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.8 ₹5.9
-32.7% below Net profit ₹1.2 ₹0.7
-46.6% below
538521
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -54% below its own trend Operating margin contracted 403 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
+58.8% +50.0%
1.1 0.7 0.7 Operating profit
-50.0% -60.0%
0.0 0.1 0.0 OPM %
-403 bps -509 bps
1.9% 6.9% 5.9% Other income
+300.0% +300.0%
0.0 0.0 0.0 Net profit
-33.3% +0.0%
0.0 0.0 0.0 PAT margin %
-256 bps -93 bps
1.9% 2.8% 4.4% EPS (₹)
-40.0% +0.0%
0.06 0.06 0.10
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 -33.3%
Cash & debt
FY25 cash from operations −₹0.5 Cr:
-104% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹0.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.8 ₹1.1
+31.7% above Net profit ₹0.0 ₹0.0
-54.3% below
538569
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -80% 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
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.1 -0.1 Other income
-52.4% -9.1%
0.1 0.1 0.2 Net profit
-63.6% +33.3%
0.0 0.0 0.1 EPS (₹)
-50.0% +0.0%
0.01 0.01 0.02
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit -63.6%
Cash & debt
FY25 cash from operations −₹0.0 Cr:
-5% of FY25 net profit of ₹0.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.2 ₹0.0
-80.2% below
538579
· H1 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +606% above its own trend 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
— +312.1%
1.4 0.3 0.0 Operating profit
from loss +14.3%
0.2 0.1 -0.1 OPM %
— -3066 bps
11.8% 42.4% — Other income
-56.2% -30.0%
0.1 0.1 0.2 Net profit
+320.0% -12.5%
0.2 0.2 0.1 PAT margin %
— -5729 bps
15.4% 72.7% — EPS (₹)
+328.6% -11.8%
0.30 0.34 0.07
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit +320.0%
Cash & debt
FY25 cash from operations −₹0.2 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.0 ₹0.2
+605.6% above
538609
· Q2 FY26 · Consolidated
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 0.0 0.0 Operating profit
— loss widened -0.1 -0.0 0.0 Other income
— —
0.5 0.0 0.0 Net profit?
— from loss 0.4 -0.0 0.0 EPS (₹)
— from loss 1.16 -0.06 0.00
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.1 Cr, other income ₹0.5 Cr.
Cash & debt
FY25 cash from operations −₹0.0 Cr:
-9% of FY25 net profit of ₹0.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹0.0
-100.0% below
538611
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 2421 bps YoY 92% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -86%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+27.1% +6.0%
8.7 8.2 6.8 Operating profit
-14.8% -27.1%
4.3 5.9 5.0 OPM %
-2421 bps -2239 bps
49.3% 71.6% 73.5% Other income
— —
2.5 0.1 0.0 Net profit
+72.6% +50.7%
2.0 1.3 1.2 PAT margin %
+614 bps +692 bps
23.3% 16.4% 17.2% EPS (₹)
+72.8% +50.0%
1.59 1.06 0.92
Quality of profit
Pre-tax profit ₹2.7 Cr: core business ₹0.2 Cr, other income ₹2.5 Cr.
Core profit YoY: -86.3%
· reported profit +72.6%
Cash & debt
FY25 cash from operations −₹26.1 Cr:
-566% of FY25 net profit of ₹4.6 Cr.
Borrowings ₹165 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.5 ₹8.7
-8.9% below Net profit ₹1.9 ₹2.0
+5.0% in line
538634
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +64% above its own trend Operating margin expanded 747 bps YoY 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
-9.8% +16.7%
8.8 7.6 9.8 Operating profit
+30.9% +542.4%
2.1 0.3 1.6 OPM %
+747 bps +1967 bps
24.0% 4.4% 16.6% Other income
+62.3% +26.5%
0.9 0.7 0.5 Net profit
+40.1% +261.4%
2.1 0.6 1.5 PAT margin %
+833 bps +1582 bps
23.4% 7.5% 15.0% EPS (₹)
+40.0% +262.0%
6.48 1.79 4.63
Quality of profit
Pre-tax profit ₹2.8 Cr: core business ₹1.9 Cr, other income ₹0.9 Cr.
Core profit YoY: +32.4%
· reported profit +40.1%
Cash & debt
FY25 cash from operations −₹5.8 Cr:
-138% of FY25 net profit of ₹4.2 Cr.
Borrowings ₹4.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.0 ₹8.8
-11.6% below Net profit ₹1.3 ₹2.1
+63.6% above
538794
· H1 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 10972 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
-47.8% from loss 0.3 -0.1 0.7 Operating profit
to loss loss narrowed -0.3 -0.8 0.2 OPM %
-10972 bps —
-82.9% — 26.9% Other income
+220.0% -51.5%
0.3 0.7 0.1 Net profit
-90.0% from loss 0.0 -0.2 0.2 PAT margin %
-2414 bps —
5.7% — 29.9% EPS (₹)
-93.5% from loss 0.02 -0.16 0.31
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.3 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
· reported profit -90.0%
Cash & debt
FY25 cash from operations −₹2.5 Cr.
Borrowings ₹0.4 Cr at Mar 2025.
538812
· 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
-52.8% -19.3%
18.3 22.7 38.7 Operating profit
loss widened to loss -0.1 0.2 -0.0 OPM %
-58 bps -136 bps
-0.7% 0.7% -0.1% Other income
— +860.0%
0.5 0.1 0.0 Net profit
from loss +320.0%
0.2 0.1 -0.1 PAT margin %
+153 bps +93 bps
1.1% 0.2% -0.4% EPS (₹)
from loss +400.0%
0.10 0.02 -0.07
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.3 Cr, other income ₹0.5 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹2.7 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹77.5 ₹18.3
-76.4% below
538817
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 183 bps YoY 42% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -17%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+37.0% -17.5%
17.3 20.9 12.6 Operating profit
+19.2% +9.3%
2.1 1.9 1.8 OPM %
-183 bps +299 bps
12.2% 9.2% 14.0% Other income
+983.3% +0.0%
0.7 0.7 0.1 Net profit?
+55.3% -11.4%
1.3 1.5 0.8 PAT margin %
+90 bps +52 bps
7.6% 7.1% 6.7% EPS (₹)
+50.0% -10.0%
0.09 0.10 0.06
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹0.9 Cr, other income ₹0.7 Cr.
Core profit YoY: -17.3%
· reported profit +55.3%
Cash & debt
FY25 cash from operations −₹2.4 Cr:
-27% of FY25 net profit of ₹8.8 Cr.
Borrowings ₹15.8 Cr at Mar 2025.
538837
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 521 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
+8.6% +40.7%
12.4 8.8 11.4 Operating profit
-17.2% from loss 2.1 -1.8 2.5 OPM %
-521 bps +3695 bps
16.7% -20.2% 21.9% Other income
+25.0% -39.4%
0.2 0.3 0.2 Net profit?
-96.0% from loss 0.0 -3.2 0.2 PAT margin %
-211 bps +3667 bps
0.1% -36.6% 2.2% EPS (₹)
to loss loss narrowed -0.06 -1.96 0.16
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: to loss
· reported profit -96.0%
Cash & debt
FY25 cash from operations ₹10.1 Cr:
14386% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹20.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹12.2 ₹12.4
+1.3% in line
538862
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
44% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+64.7% -17.6%
0.3 0.3 0.2 Operating profit
from loss from loss 0.2 -1.2 -0.2 OPM %
— —
75.0% — — Other income
-88.1% -73.1%
0.1 0.5 1.2 Net profit
-67.0% from loss 0.3 -0.8 1.0 EPS (₹)
-67.2% from loss 0.19 -0.46 0.58
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit -67.0%
Cash & debt
FY25 cash from operations ₹13.4 Cr:
195% of FY25 net profit of ₹6.9 Cr.
Borrowings ₹0.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.3
+229.4% above
538895
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 3092 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
-94.5% -78.9%
0.3 1.7 6.3 Operating profit
to loss loss narrowed -0.1 -0.1 0.3 OPM %
-3092 bps -1788 bps
-25.7% -7.8% 5.2% Other income
-42.3% +0.0%
0.1 0.1 0.3 Net profit
-90.9% +300.0%
0.0 0.0 0.4 PAT margin %
+449 bps +1083 bps
11.4% 0.6% 6.9% EPS (₹)
-90.9% +300.0%
0.04 0.01 0.44
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss
· reported profit -90.9%
Cash & debt
FY25 cash from operations ₹19.9 Cr:
33150% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹12.7 ₹0.3
-97.2% below
538896
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -48% below its own trend Operating margin contracted 1310 bps YoY 46% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 42% of profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-16.7% +8.1%
38.8 35.9 46.5 Operating profit
-68.9% +3.1%
3.0 2.9 9.7 OPM %
-1310 bps -38 bps
7.8% 8.2% 20.9% Other income
+32.6% +18.0%
1.2 1.0 0.9 Net profit
-73.8% -14.6%
1.9 2.2 7.2 PAT margin %
-1054 bps -128 bps
4.8% 6.1% 15.4% EPS (₹)
-73.9% -14.7%
4.30 5.04 16.46
Quality of profit
Pre-tax profit ₹2.6 Cr: core business ₹1.4 Cr, other income ₹1.2 Cr.
Core profit YoY: -84.2%
· reported profit -73.8%
Cash & debt
FY25 cash from operations ₹6.0 Cr:
42% of FY25 net profit of ₹14.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹53.6 ₹38.8
-27.7% below Net profit ₹3.6 ₹1.9
-47.7% below
538921
· H1 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -26% below its own trend Operating margin contracted 2896 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
-11.2% -29.6%
4.1 5.8 4.6 Operating profit
-64.8% -53.6%
0.8 1.7 2.2 OPM %
-2896 bps -980 bps
19.0% 28.8% 47.9% Other income
+21.1% +8.8%
3.9 3.5 3.2 Net profit?
-20.3% -6.2%
2.7 2.9 3.4 PAT margin %
-765 bps +1666 bps
66.7% 50.1% 74.4% EPS (₹)
-22.8% -6.6%
2.13 2.28 2.76
Quality of profit
Pre-tax profit ₹3.1 Cr: core business −₹0.8 Cr, other income ₹3.9 Cr.
Core profit YoY: to loss
· reported profit -20.3%
Cash & debt
FY25 cash from operations −₹1.5 Cr.
Borrowings ₹19.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.8 ₹4.1
+8.1% above Net profit ₹3.7 ₹2.7
-26.0% below
538922
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +300% above its own trend Operating margin contracted 165 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
+92.7% +793.0%
6.3 0.7 3.3 Operating profit
+42.9% -9.1%
0.3 0.3 0.2 OPM %
-165 bps -4175 bps
4.7% 46.5% 6.4% Other income
+600.0% +75.0%
0.1 0.0 0.0 Net profit
+100.0% -50.0%
0.0 0.0 0.0 PAT margin %
+1 bps -532 bps
0.3% 5.6% 0.3% EPS (₹)
+200.0% -40.0%
0.03 0.05 0.01
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 +100.0%
Cash & debt
FY25 cash from operations −₹0.2 Cr:
-131% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹2.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.9 ₹6.3
+119.0% above Net profit ₹0.0 ₹0.0
+300.0% above
538964
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +326% above its own trend Operating margin expanded 400 bps YoY 41% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +153%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+4.5% +4.8%
19.0 18.1 18.2 Operating profit
+62.6% -9.7%
2.1 2.4 1.3 OPM %
+400 bps -181 bps
11.2% 13.0% 7.2% Other income
+276.2% +338.9%
0.8 0.2 0.2 Net profit
+228.0% +69.1%
1.6 1.0 0.5 PAT margin %
+588 bps +328 bps
8.6% 5.3% 2.7% EPS (₹)
+227.8% +69.2%
13.67 8.08 4.17
Quality of profit
Pre-tax profit ₹1.9 Cr: core business ₹1.1 Cr, other income ₹0.8 Cr.
Core profit YoY: +153.3%
· reported profit +228.0%
Cash & debt
FY25 cash from operations ₹4.0 Cr:
127% of FY25 net profit of ₹3.1 Cr.
Borrowings ₹5.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹20.3 ₹19.0
-6.3% below Net profit ₹0.4 ₹1.6
+325.7% above
538970
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1815 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
-42.5% +3.6%
33.4 32.3 58.2 Operating profit
from loss +25.1%
5.0 4.0 -1.8 OPM %
+1815 bps +259 bps
15.1% 12.5% -3.1% Other income
+664.3% -76.8%
1.1 4.6 0.1 Net profit?
from loss -87.5%
0.1 1.1 -6.2 PAT margin %
+1111 bps -305 bps
0.4% 3.5% -10.7% EPS (₹)
loss narrowed -100.0%
0.00 0.04 -0.20
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹1.0 Cr, other income ₹1.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹69.0 Cr:
-1087% of FY25 net profit of ₹6.3 Cr.
Borrowings ₹199 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹48.4 ₹33.4
-30.9% below
538992
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -12% below its own trend Operating margin expanded 363 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-44.6% +6.2%
2.4 2.3 4.3 Operating profit
-30.0% +10.5%
0.4 0.4 0.6 OPM %
+363 bps +69 bps
17.4% 16.7% 13.8% Other income
+3.7% +12.0%
0.3 0.2 0.3 Net profit
-56.2% +16.7%
0.1 0.1 0.3 PAT margin %
-155 bps +52 bps
5.8% 5.3% 7.4% EPS (₹)
-56.7% +16.0%
0.29 0.25 0.67
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
· reported profit -56.2%
Cash & debt
FY25 cash from operations ₹0.3 Cr:
83% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹18.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.6 ₹2.4
-9.0% below Net profit ₹0.2 ₹0.1
-12.5% below
539005
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -17% 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
+0.0% +0.0%
0.2 0.2 0.2 Operating profit
loss widened loss widened -0.2 -0.1 -0.1 Other income
+25.0% +73.9%
0.4 0.2 0.3 Net profit
-6.3% +87.5%
0.1 0.1 0.2 PAT margin %
-625 bps +4375 bps
93.8% 50.0% 100.0% EPS (₹)
-5.7% +85.2%
0.50 0.27 0.53
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.4 Cr.
Core profit YoY: loss widened
· reported profit -6.3%
Cash & debt
FY25 cash from operations −₹0.3 Cr:
-57% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹0.2
-12.5% below Net profit ₹0.2 ₹0.1
-17.2% below
539014
· 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
— +16.9%
7.0 6.0 0.0 Operating profit
loss widened to loss -0.0 0.2 -0.0 OPM %
— -377 bps
-0.4% 3.3% — Other income
-33.3% —
0.0 0.0 0.1 Net profit
-75.0% -93.3%
0.0 0.1 0.0 PAT margin %
— -236 bps
0.1% 2.5% — EPS (₹)
-75.0% -93.3%
0.01 0.15 0.04
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: loss widened
· reported profit -75.0%
Cash & debt
FY25 cash from operations ₹0.4 Cr.
Borrowings ₹0.1 Cr at Mar 2025.
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, 04:19 IST
