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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539788
· H1 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +216% above its own trend Operating margin expanded 330 bps YoY 75% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +200%)
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+35.1% -2.0%
50.0 51.0 37.0 Operating profit
+200.0% -78.6%
3.0 14.0 1.0 OPM %
+330 bps -2145 bps
6.0% 27.5% 2.7% Other income
+100.0% —
8.0 0.0 4.0 Net profit
+125.0% -10.0%
9.0 10.0 4.0 PAT margin %
+719 bps -161 bps
18.0% 19.6% 10.8% EPS (₹)
+150.6% -4.9%
4.11 4.32 1.64
Quality of profit
Pre-tax profit ₹12.0 Cr: core business ₹3.0 Cr, other income ₹8.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +200.0%
· reported profit +125.0%
Cash & debt
FY25 cash from operations ₹22.0 Cr.
Borrowings ₹5.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹31.2 ₹50.0
+60.3% above Net profit ₹2.8 ₹9.0
+216.0% above
539814
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +16% above its own trend Operating margin contracted 4784 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
-63.9% +12.8%
0.4 0.4 1.2 Operating profit
-92.0% -45.5%
0.1 0.1 0.8 OPM %
-4784 bps -1457 bps
13.6% 28.2% 61.5% Other income
— +164.5%
0.8 0.3 0.0 Net profit
+20.4% +136.0%
0.6 0.2 0.5 EPS (₹)
+20.5% +136.4%
1.82 0.77 1.51
Quality of profit
Pre-tax profit ₹0.8 Cr: core business −₹0.0 Cr, other income ₹0.8 Cr.
Core profit YoY: to loss
· reported profit +20.4%
Cash & debt
FY25 cash from operations ₹4.0 Cr:
294% of FY25 net profit of ₹1.4 Cr.
Borrowings ₹0.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.5 ₹0.4
-69.9% below Net profit ₹0.5 ₹0.6
+16.4% above
539864
· H1 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 455 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
+107.2% -20.8%
2.6 3.3 1.2 Operating profit
— loss widened -0.1 -0.1 -0.1 OPM %
+455 bps -119 bps
-4.2% -3.1% -8.8% Other income
+0.0% +9.1%
0.1 0.1 0.1 Net profit
— —
0.0 0.0 0.0 PAT margin %
+0 bps +0 bps
0.0% 0.0% 0.0% EPS (₹)
— —
0.00 0.00 0.00
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.6 Cr.
Borrowings ₹0.3 Cr at Mar 2025.
539894
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +275% above its own trend 64% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +25%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+23.0% +21.6%
107 88.0 87.0 Operating profit
+23.1% -5.9%
16.0 17.0 13.0 OPM %
+1 bps -436 bps
15.0% 19.3% 14.9% Other income
+300.0% +166.7%
8.0 3.0 2.0 Net profit?
+200.0% +71.4%
12.0 7.0 4.0 PAT margin %
+662 bps +326 bps
11.2% 8.0% 4.6% EPS (₹)
+213.3% +67.9%
0.47 0.28 0.15
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹5.0 Cr, other income ₹8.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +25.0%
· reported profit +200.0%
Cash & debt
FY25 cash from operations ₹124 Cr:
496% of FY25 net profit of ₹25.0 Cr.
Borrowings ₹160 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹129 ₹107
-17.0% below Net profit ₹3.2 ₹12.0
+275.0% above
539895
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 977 bps YoY 78% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +18%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+157.0% +43.1%
46.2 32.3 18.0 Operating profit
-22.2% +53.1%
2.0 1.3 2.5 OPM %
-977 bps +28 bps
4.2% 4.0% 14.0% Other income
+955.6% —
2.9 0.1 0.3 Net profit?
+309.5% from loss 3.4 -1.2 0.8 PAT margin %
+277 bps +1110 bps
7.4% -3.7% 4.7% EPS (₹)
— from loss 0.05 -0.02 0.01
No EPS growth against Sep 2024: ₹10 to ₹1 split in Mar 2025.
Quality of profit
Pre-tax profit ₹3.6 Cr: core business ₹0.8 Cr, other income ₹2.9 Cr.
Core profit YoY: +17.9%
· reported profit +309.5%
Cash & debt
FY25 cash from operations ₹3.0 Cr.
Borrowings ₹71.0 Cr at Mar 2025.
539900
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago 42% 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
+327.3% -25.4%
0.5 0.6 0.1 Operating profit
from loss from loss 0.1 -0.1 -0.3 OPM %
— +4086 bps
23.4% -17.5% — Other income
+33.3% +0.0%
0.1 0.1 0.1 Net profit
from loss from loss 0.2 -0.0 -0.2 PAT margin %
— +4519 bps
40.4% -4.8% — EPS (₹)
from loss from loss 0.09 -0.01 -0.10
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹0.7 Cr:
-822% of FY25 net profit of ₹0.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹0.5
+113.6% above
539921
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -40% below its own trend Operating margin expanded 169 bps YoY 62% 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
+16.9% -24.7%
11.4 15.2 9.8 Operating profit
+30.1% -52.7%
1.9 4.0 1.5 OPM %
+169 bps -988 bps
16.6% 26.5% 14.9% Other income
-17.1% —
2.1 0.1 2.6 Net profit?
+4.8% -9.7%
2.6 2.9 2.5 PAT margin %
-265 bps +381 bps
22.9% 19.1% 25.6% EPS (₹)
+0.0% -11.1%
0.16 0.18 0.16
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹1.3 Cr, other income ₹2.1 Cr.
Core profit YoY: +24.3%
· reported profit +4.8%
Cash & debt
FY25 cash from operations −₹3.1 Cr:
-44% of FY25 net profit of ₹7.1 Cr.
Borrowings ₹8.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹19.5 ₹11.4
-41.6% below Net profit ₹4.3 ₹2.6
-39.6% below
539922
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago 58% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
— +17.4%
12.2 10.4 0.0 Operating profit
from loss +950.0%
0.2 0.0 -0.1 OPM %
— +152 bps
1.7% 0.2% — Other income
— +20.8%
0.3 0.2 0.0 Net profit
from loss +85.0%
0.4 0.2 -0.0 PAT margin %
— +110 bps
3.0% 1.9% — EPS (₹)
from loss +86.7%
0.28 0.15 -0.11
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹0.5 Cr:
442% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹0.0 Cr at Mar 2025.
539956
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -29% below its own trend Operating margin contracted 408 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
+0.0% +6.5%
49.0 46.0 49.0 Operating profit
-11.8% +0.0%
15.0 15.0 17.0 OPM %
-408 bps -200 bps
30.6% 32.6% 34.7% Other income
+25.0% +0.0%
5.0 5.0 4.0 Net profit?
-6.7% +0.0%
14.0 14.0 15.0 PAT margin %
-204 bps -186 bps
28.6% 30.4% 30.6% EPS (₹)
-1.8% +4.1%
45.79 43.99 46.63
Quality of profit
Pre-tax profit ₹19.0 Cr: core business ₹14.0 Cr, other income ₹5.0 Cr.
Core profit YoY: -12.5%
· reported profit -6.7%
Cash & debt
FY25 cash from operations ₹41.0 Cr:
84% of FY25 net profit of ₹49.0 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹47.9 ₹49.0
+2.3% in line Net profit ₹19.8 ₹14.0
-29.2% below
539963
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -28% below its own trend Operating margin expanded 189 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
+21.4% +49.1%
185 124 152 Operating profit
+83.1% +57.8%
10.4 6.6 5.7 OPM %
+189 bps +31 bps
5.6% 5.3% 3.7% Other income
-37.4% -17.7%
1.4 1.8 2.3 Net profit
+27.7% +94.8%
3.0 1.5 2.4 PAT margin %
+8 bps +38 bps
1.6% 1.2% 1.5% EPS (₹)
+26.3% +100.0%
0.24 0.12 0.19
Quality of profit
Pre-tax profit ₹4.5 Cr: core business ₹3.1 Cr, other income ₹1.4 Cr.
Core profit YoY: —
· reported profit +27.7%
Cash & debt
FY25 cash from operations ₹35.0 Cr:
233% of FY25 net profit of ₹15.0 Cr.
Borrowings ₹181 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹207 ₹185
-11.0% below Net profit ₹4.2 ₹3.0
-27.7% below
539991
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -85% below its own trend Operating margin expanded 524 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
-62.2% -39.0%
25.0 41.0 66.0 Operating profit
-1.8% -17.8%
2.1 2.6 2.2 OPM %
+524 bps +221 bps
8.5% 6.3% 3.3% Other income
+15.7% +68.5%
2.5 1.5 2.2 Net profit?
-76.8% -17.4%
0.2 0.2 0.8 PAT margin %
-48 bps +20 bps
0.8% 0.6% 1.2% EPS (₹)
-56.4% +54.5%
0.17 0.11 0.39
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹2.2 Cr, other income ₹2.5 Cr.
Core profit YoY: loss widened
· reported profit -76.8%
Cash & debt
FY25 cash from operations −₹64.0 Cr:
-634% of FY25 net profit of ₹10.1 Cr.
Borrowings ₹135 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹99.9 ₹25.0
-75.0% below Net profit ₹1.3 ₹0.2
-85.0% below
540063
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +75% above its own trend Operating margin contracted 554 bps YoY 57% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -25%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+63.0% +92.3%
0.8 0.4 0.5 Operating profit
-20.0% +0.0%
0.0 0.0 0.1 OPM %
-554 bps -492 bps
5.3% 10.3% 10.9% Other income
— —
0.0 0.0 0.0 Net profit
+75.0% +75.0%
0.1 0.0 0.0 PAT margin %
+64 bps -92 bps
9.3% 10.3% 8.7% EPS (₹)
+50.0% +50.0%
0.03 0.02 0.02
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: -25.0%
· reported profit +75.0%
Cash & debt
FY25 cash from operations ₹0.4 Cr:
1200% of FY25 net profit of ₹0.0 Cr.
Borrowings ₹5.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.3 ₹0.8
+136.7% above Net profit ₹0.0 ₹0.1
+75.0% above
540132
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -46% 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 widened loss widened -0.1 -0.0 -0.0 Other income
+0.0% +5.0%
0.2 0.2 0.2 Net profit
-7.7% -14.3%
0.1 0.1 0.1 EPS (₹)
-6.7% -12.5%
0.14 0.16 0.15
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
· reported profit -7.7%
Cash & debt
FY25 cash from operations −₹0.4 Cr:
-85% of FY25 net profit of ₹0.5 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.2 ₹0.1
-46.5% below
540174
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +100% above its own trend Operating margin expanded 379 bps YoY 28% 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
— +379.5%
4.2 0.9 0.2 Operating profit
— from loss 0.2 -0.3 0.0 OPM %
+379 bps +3447 bps
3.8% -30.7% 0.0% Other income
-16.7% +0.0%
0.1 0.1 0.1 Net profit?
+300.0% from loss 0.2 -0.2 0.0 PAT margin %
-1621 bps +3220 bps
3.8% -28.4% 20.0% EPS (₹)
+300.0% from loss 0.32 -0.50 0.08
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 +300.0%
Cash & debt
FY25 cash from operations −₹2.8 Cr:
-1041% of FY25 net profit of ₹0.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹4.2
+999.0% above Net profit ₹0.1 ₹0.2
+100.0% above
540175
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +107% above its own trend Operating margin expanded 370 bps YoY 39% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +217%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+94.5% +0.5%
7.8 7.8 4.0 Operating profit
+105.2% +4.1%
5.6 5.3 2.7 OPM %
+370 bps +247 bps
71.3% 68.8% 67.6% Other income
+775.0% +10.8%
1.8 1.6 0.2 Net profit
+315.0% +5.1%
3.3 3.2 0.8 PAT margin %
+2261 bps +184 bps
42.6% 40.7% 20.0% EPS (₹)
+166.7% +6.7%
0.48 0.45 0.18
Quality of profit
Pre-tax profit ₹4.5 Cr: core business ₹2.8 Cr, other income ₹1.8 Cr.
Core profit YoY: +217.0%
· reported profit +315.0%
Cash & debt
FY25 cash from operations ₹11.0 Cr:
222% of FY25 net profit of ₹5.0 Cr.
Borrowings ₹105 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.3 ₹7.8
+22.9% above Net profit ₹1.6 ₹3.3
+107.5% above
540199
· 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 narrowed loss narrowed -0.2 -0.9 -0.6 Other income
+149.2% -4.8%
1.6 1.6 0.6 Net profit
— +75.9%
1.0 0.6 0.0 EPS (₹)
— +75.6%
3.09 1.76 0.06
Quality of profit
Pre-tax profit ₹1.4 Cr: core business −₹0.2 Cr, other income ₹1.6 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹74.9 Cr:
-3469% of FY25 net profit of ₹2.2 Cr.
Borrowings ₹90.9 Cr at Mar 2025.
540269
· H1 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -23% below its own trend Operating margin expanded 119 bps YoY 46% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Sep 2025 Mar 2025 Sep 2024
Sales
+32.2% +26.4%
18.2 14.4 13.8 Operating profit
+50.0% +55.1%
1.8 1.2 1.2 OPM %
+119 bps +186 bps
10.0% 8.2% 8.9% Other income
+0.0% -4.3%
0.2 0.2 0.2 Net profit
+2.9% +12.5%
0.4 0.3 0.3 PAT margin %
-56 bps -24 bps
2.0% 2.2% 2.5% EPS (₹)
+3.6% +11.5%
0.29 0.26 0.28
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.
Core profit YoY: +4.0%
· reported profit +2.9%
Cash & debt
FY25 cash from operations ₹2.5 Cr.
Borrowings ₹11.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹14.1 ₹18.2
+29.4% above Net profit ₹0.5 ₹0.4
-22.7% below
540332
· H1 FY26 · Consolidated
M Cap —
P/E —
PEG —
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
+9.1% +17.1%
48.0 41.0 44.0 Operating profit
+0.0% +100.0%
2.0 1.0 2.0 OPM %
-38 bps +173 bps
4.2% 2.4% 4.5% Other income
— —
1.0 0.0 0.0 Net profit?
— —
1.0 0.0 0.0 PAT margin %
+208 bps +208 bps
2.1% 0.0% 0.0% EPS (₹)
+264.3% +218.8%
0.51 0.16 0.14
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.0 Cr, other income ₹1.0 Cr.
Core profit YoY: -100.0%
Cash & debt
FY25 cash from operations ₹3.0 Cr.
Borrowings ₹23.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹45.2 ₹48.0
+6.2% above
540395
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -63% below its own trend Operating margin contracted 320 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
-0.1% +7.6%
17.8 16.5 17.8 Operating profit
-24.2% +9.8%
1.8 1.6 2.4 OPM %
-320 bps +21 bps
10.1% 9.9% 13.3% Other income
+142.3% +43.2%
0.6 0.4 0.3 Net profit?
-81.7% +133.3%
0.2 0.1 1.1 PAT margin %
-529 bps +64 bps
1.2% 0.5% 6.5% EPS (₹)
-82.1% +133.3%
0.14 0.06 0.78
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.2 Cr, other income ₹0.6 Cr.
Core profit YoY: to loss
· reported profit -81.7%
Cash & debt
FY25 cash from operations ₹7.6 Cr:
194% of FY25 net profit of ₹3.9 Cr.
Borrowings ₹42.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹16.5 ₹17.8
+7.8% above Net profit ₹0.6 ₹0.2
-63.5% below
540401
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +20% above its own trend Operating margin contracted 190 bps YoY 38% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -8%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+27.9% +16.0%
45.8 39.5 35.8 Operating profit
+2.9% -4.3%
3.6 3.7 3.5 OPM %
-190 bps -165 bps
7.8% 9.5% 9.7% Other income
+226.3% +853.8%
1.2 0.1 0.4 Net profit?
+30.4% +19.7%
2.8 2.3 2.1 PAT margin %
+12 bps +19 bps
6.1% 5.9% 6.0% EPS (₹)
+25.0% +17.6%
0.20 0.17 0.16
Quality of profit
Pre-tax profit ₹3.3 Cr: core business ₹2.0 Cr, other income ₹1.2 Cr.
Core profit YoY: -7.7%
· reported profit +30.4%
Cash & debt
FY25 cash from operations −₹15.0 Cr:
-165% of FY25 net profit of ₹9.1 Cr.
Borrowings ₹23.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹47.3 ₹45.8
-3.2% in line Net profit ₹2.3 ₹2.8
+19.6% above
540570
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -88% below its own trend Operating margin contracted 211 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
-30.2% -30.1%
22.4 32.0 32.1 Operating profit
to loss to loss -0.2 1.7 0.3 OPM %
-211 bps -639 bps
-1.1% 5.3% 1.0% Other income
+34.7% -18.1%
1.4 1.7 1.0 Net profit?
-76.9% -95.4%
0.1 2.0 0.4 PAT margin %
-81 bps -574 bps
0.4% 6.1% 1.2% EPS (₹)
-100.0% -100.0%
0.00 0.10 0.02
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹1.2 Cr, other income ₹1.4 Cr.
Core profit YoY: loss widened
· reported profit -76.9%
Cash & debt
FY25 cash from operations −₹17.0 Cr:
-2394% of FY25 net profit of ₹0.7 Cr.
Borrowings ₹31.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹34.0 ₹22.4
-34.2% below Net profit ₹0.8 ₹0.1
-88.5% below
540590
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 727 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
+100.9% +24.7%
134 107 66.5 Operating profit
-29.6% +15.7%
5.2 4.5 7.4 OPM %
-727 bps -31 bps
3.9% 4.2% 11.2% Other income
+441.2% +34.1%
4.3 3.2 0.8 Net profit
+103.3% +135.6%
3.1 1.3 1.5 PAT margin %
+3 bps +110 bps
2.3% 1.2% 2.3% EPS (₹)
+103.1% +136.0%
2.62 1.11 1.29
Quality of profit
Pre-tax profit ₹4.2 Cr: core business −₹0.1 Cr, other income ₹4.3 Cr.
Core profit YoY: to loss
· reported profit +103.3%
Cash & debt
FY25 cash from operations ₹37.0 Cr:
273% of FY25 net profit of ₹13.6 Cr.
Borrowings ₹94.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹107 ₹134
+24.7% above Net profit ₹3.1 ₹3.1
+1.6% in line
540597
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 358 bps YoY 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
+236.4% -11.9%
6.3 7.1 1.9 Operating profit
-85.7% from loss 0.0 -3.0 0.1 OPM %
-358 bps +4232 bps
0.2% -42.2% 3.7% Other income
— +100.0%
0.1 0.0 0.0 Net profit
+0.0% from loss 0.1 -2.0 0.1 PAT margin %
-188 bps +2951 bps
0.8% -28.7% 2.7% EPS (₹)
+0.0% from loss 0.04 -1.77 0.04
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 +0.0%
Cash & debt
FY25 cash from operations −₹10.6 Cr:
-2210% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹3.4 Cr at Mar 2025.
540703
· 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
-100.0% —
0.0 0.0 0.0 Operating profit
loss narrowed loss widened -0.0 -0.0 -0.1 Other income
— —
0.1 0.0 0.0 Net profit
from loss from loss 0.1 -0.0 -0.1 EPS (₹)
from loss from loss 0.14 -0.02 -0.20
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹1.9 Cr.
Borrowings nil at Mar 2025.
540717
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +13% above its own trend Operating margin expanded 113 bps YoY 28% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +33%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
-11.1% +20.0%
20.7 17.2 23.2 Operating profit
+11.7% -5.0%
1.1 1.2 1.0 OPM %
+113 bps -146 bps
5.6% 7.0% 4.4% Other income
-36.4% +33.3%
0.3 0.2 0.4 Net profit?
+9.0% +1.4%
0.7 0.7 0.7 PAT margin %
+65 bps -65 bps
3.5% 4.2% 2.9% EPS (₹)
+0.0% +0.0%
0.02 0.02 0.02
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.7 Cr, other income ₹0.3 Cr.
Core profit YoY: +32.7%
· reported profit +9.0%
Cash & debt
FY25 cash from operations ₹2.5 Cr:
95% of FY25 net profit of ₹2.6 Cr.
Borrowings ₹10.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹22.2 ₹20.7
-6.9% below Net profit ₹0.6 ₹0.7
+13.5% above
540726
· Q2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -15% below its own trend Operating margin expanded 912 bps YoY 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
+15.8% +9.1%
30.6 28.1 26.4 Operating profit
from loss +19.8%
2.5 2.1 -0.3 OPM %
+912 bps +72 bps
8.1% 7.4% -1.0% Other income
-85.9% -11.4%
0.4 0.4 2.8 Net profit
+13.0% +10.8%
1.1 1.0 1.0 PAT margin %
-9 bps +6 bps
3.7% 3.6% 3.8% EPS (₹)
-24.2% +10.3%
0.75 0.68 0.99
Quality of profit
Pre-tax profit ₹1.5 Cr: core business ₹1.1 Cr, other income ₹0.4 Cr.
Core profit YoY: from loss
· reported profit +13.0%
Cash & debt
FY25 cash from operations −₹14.0 Cr:
-558% of FY25 net profit of ₹2.5 Cr.
Borrowings ₹30.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹31.8 ₹30.6
-3.8% in line Net profit ₹1.3 ₹1.1
-15.3% below
540727
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +99% above its own trend Operating margin expanded 202 bps YoY 48% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +148%)
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+15.6% +49.6%
16.3 10.9 14.1 Operating profit
+52.2% +15.1%
1.4 1.2 0.9 OPM %
+202 bps -251 bps
8.4% 10.9% 6.4% Other income
+96.6% —
0.6 0.1 0.3 Net profit?
+127.8% +74.5%
0.8 0.5 0.4 PAT margin %
+247 bps +72 bps
5.0% 4.3% 2.5% EPS (₹)
+131.4% +76.1%
0.81 0.46 0.35
Quality of profit
Pre-tax profit ₹1.2 Cr: core business ₹0.6 Cr, other income ₹0.6 Cr.
Core profit YoY: +148.0%
· reported profit +127.8%
Cash & debt
FY25 cash from operations ₹1.1 Cr:
72% of FY25 net profit of ₹1.6 Cr.
Borrowings ₹21.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.7 ₹16.3
+18.8% above Net profit ₹0.4 ₹0.8
+99.0% above
540738
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +711% above its own trend 98% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Sep 2025 Jun 2025 Sep 2024
Sales
+3.8% +11.3%
63.4 56.9 61.0 Operating profit
+44.0% +34.4%
2.0 1.5 1.4 OPM %
+89 bps +55 bps
3.2% 2.7% 2.3% Other income
-6.4% -18.4%
1.0 1.2 1.1 Net profit?
+305.6% -1.4%
0.7 0.7 0.2 PAT margin %
+86 bps -15 bps
1.2% 1.3% 0.3% EPS (₹)
+266.7% +0.0%
0.11 0.11 0.03
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.0 Cr, other income ₹1.0 Cr.
Core profit YoY: from loss
· reported profit +305.6%
Cash & debt
FY25 cash from operations ₹13.0 Cr:
650% of FY25 net profit of ₹2.0 Cr.
Borrowings ₹42.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹54.9 ₹63.4
+15.6% above Net profit ₹0.1 ₹0.7
+711.1% above
540796
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -76% below its own trend Operating margin expanded 3955 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
-87.4% -64.5%
10.1 28.5 80.5 Operating profit
-1.1% -19.0%
4.6 5.7 4.6 OPM %
+3955 bps +2542 bps
45.3% 19.9% 5.8% Other income
-9.1% —
0.3 0.0 0.3 Net profit?
-51.9% -87.5%
0.2 2.0 0.5 PAT margin %
+182 bps -455 bps
2.5% 7.0% 0.6% EPS (₹)
-52.6% -87.7%
0.18 1.46 0.38
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.1 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
· reported profit -51.9%
Cash & debt
FY25 cash from operations ₹89.8 Cr:
1565% of FY25 net profit of ₹5.7 Cr.
Borrowings ₹120 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹161 ₹10.1
-93.7% below Net profit ₹1.0 ₹0.2
-76.0% below
540809
· Q2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -44% 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
+39.2% +8.0%
5.2 4.8 3.7 Operating profit
-100.0% —
0.0 0.0 0.0 OPM %
-27 bps +0 bps
0.0% 0.0% 0.3% Other income
-21.4% -50.0%
0.1 0.2 0.1 Net profit?
-44.4% -64.3%
0.1 0.1 0.1 PAT margin %
-146 bps -196 bps
1.0% 2.9% 2.4% EPS (₹)
-75.0% -83.3%
0.01 0.06 0.04
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss
· reported profit -44.4%
Cash & debt
FY25 cash from operations ₹2.3 Cr:
226% of FY25 net profit of ₹1.0 Cr.
Borrowings ₹4.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.5 ₹5.2
-20.9% below Net profit ₹0.1 ₹0.1
-44.4% 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, 04:19 IST
