Flash Finance

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.

Updated 13 Oct 2026, 15:50 IST 5073 declared
The next results season has started: 36 companies have filed results for the quarter ended 30 Sep 2026. See them →

Q2 FY26 scoreboard

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

1339 matching results 1339

Page 4 of 45

The India Cements Limited

INDIACEM · Cement · Q2 FY26 · Consolidated
M Cap
₹13,841 Cr
P/E
148.8
PEG
4.80
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 2304 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹-6.0 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.3%+9.0% 1,1171,0251,032
Operating profit from loss-2.5% 81.183.2-163
OPM % +2304 bps-85 bps 7.3%8.1%-15.8%
Other income -81.8%+218.3% 29.09.1159
Net profit? from lossfrom loss 8.8-133-339
PAT margin % +3366 bps+1376 bps 0.8%-13.0%-32.9%
EPS (₹) from lossfrom loss 0.28-4.21-11.55

Quality of profit

Pre-tax profit ₹4.4 Cr: core business −₹18.6 Cr, other income ₹29.0 Cr, exceptional & other items −₹6.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹256 Cr.

Borrowings ₹1,165 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹909₹1,117 +22.9% above
📊 Investor presentation (18 Jul) Detailed financials →

Amara Raja Energy & Mobility Limited

ARE&M · Auto Components · Q2 FY26 · Consolidated
M Cap
₹13,409 Cr
P/E
14.6
PEG
—
  • Profit +34% above its own trend
  • Operating margin contracted 252 bps YoY
  • 41% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-122 Cr in the quarter
  • Profit grew faster than the core business (core profit -26%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +6.6%+1.9% 3,4673,4013,251
Operating profit -13.6%+3.0% 374364433
OPM % -252 bps+11 bps 10.8%10.7%13.3%
Other income +12.2%+51.6% 28.118.525.0
Net profit? +17.2%+67.8% 276165236
PAT margin % +72 bps+313 bps 8.0%4.8%7.3%
EPS (₹) +17.4%+67.9% 15.119.0012.87

Quality of profit

Core 59%Other income & one-offs 41%

Pre-tax profit ₹365 Cr: core business ₹215 Cr, other income ₹28.1 Cr, exceptional & other items ₹122 Cr.

Core profit YoY: -26.4% · reported profit +17.2%

Cash & debt

FY25 cash from operations ₹1,351 Cr: 143% of FY25 net profit of ₹945 Cr.

Borrowings ₹261 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,458₹3,467 +0.3% in line
Net profit₹206₹276 +34.3% above
📊 Investor presentation (10 Aug) Detailed financials →

PVR INOX Limited

PVRINOX · Media & Entertainment · Q2 FY26 · Consolidated
M Cap
₹13,181 Cr
P/E
29.7
PEG
0.76
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 401 bps YoY
  • 25% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +12.4%+24.1% 1,8231,4691,622
Operating profit +27.6%+54.0% 612397479
OPM % +401 bps+651 bps 33.6%27.0%29.5%
Other income -14.1%+10.8% 35.932.441.8
Net profit? from lossfrom loss 106-54.0-11.8
PAT margin % +651 bps+946 bps 5.8%-3.7%-0.7%
EPS (₹) from lossfrom loss 10.78-5.51-1.20

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹142 Cr: core business ₹107 Cr, other income ₹35.9 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹1,967 Cr.

Borrowings ₹7,775 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,708₹1,823 +6.7% above
📊 Investor presentation (23 Jul) Detailed financials →

Shipping Corporation Of India Limited

SCI · Shipping & Ports · Q2 FY26 · Consolidated
M Cap
₹13,115 Cr
P/E
9.7
PEG
0.61
  • Profit -28% below its own trend
  • Operating margin contracted 650 bps YoY
  • 52% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -60%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -7.7%+1.7% 1,3391,3161,451
Operating profit -24.0%-17.0% 406489534
OPM % -650 bps-684 bps 30.3%37.2%36.8%
Other income +176.9%-24.2% 11114640.1
Net profit? -34.9%-46.6% 189354290
PAT margin % -589 bps-1280 bps 14.1%26.9%20.0%
EPS (₹) -34.8%-46.6% 4.067.606.23

Quality of profit

Core 48%Other income & one-offs 52%

Pre-tax profit ₹214 Cr: core business ₹103 Cr, other income ₹111 Cr.

Core profit YoY: -59.9% · reported profit -34.9%

Cash & debt

FY25 cash from operations ₹850 Cr: 101% of FY25 net profit of ₹842 Cr.

Borrowings ₹2,228 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,392₹1,339 -3.8% in line
Net profit₹264₹189 -28.3% below
📊 Investor presentation (11 May) Detailed financials →

Privi Speciality Chemicals Limited

PRIVISCL · Chemicals · Q2 FY26 · Consolidated
M Cap
₹13,109 Cr
P/E
38.3
PEG
0.27
  • Profit +19% above its own trend
  • Operating margin expanded 617 bps YoY
  • 68% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +16%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +27.4%+21.5% 679559533
Operating profit +65.5%+37.8% 182132110
OPM % +617 bps+317 bps 26.8%23.6%20.6%
Other income -84.8%-93.2% 0.69.04.0
Net profit? +100.0%+56.4% 90.057.645.0
PAT margin % +481 bps+296 bps 13.3%10.3%8.4%
EPS (₹) +110.3%+51.5% 24.0215.8511.42

Quality of profit

Core 32%Other income & one-offs 68%

Pre-tax profit ₹206 Cr: core business ₹65.1 Cr, other income ₹0.6 Cr, exceptional & other items ₹141 Cr.

Core profit YoY: +16.2% · reported profit +100.0%

Cash & debt

FY25 cash from operations ₹281 Cr: 152% of FY25 net profit of ₹185 Cr.

Borrowings ₹1,143 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹645₹679 +5.3% above
Net profit₹75.9₹90.0 +18.5% above
📊 Investor presentation (30 Jul) Detailed financials →

Ventive Hospitality Limited

VENTIVE · Hotels & Resorts · Q2 FY26 · Consolidated
M Cap
₹13,015 Cr
P/E
22.2
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 513 bps YoY
  • 54% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +89.5%-3.6% 489507258
Operating profit +118.4%-8.7% 19020887.0
OPM % +513 bps-217 bps 38.9%41.0%33.7%
Other income +550.0%+441.7% 65.012.010.0
Net profit? from loss+68.4% 64.038.0-47.0
PAT margin % +3130 bps+559 bps 13.1%7.5%-18.2%
EPS (₹) from loss+95.7% 2.251.15-2.70

Quality of profit

Core 46%Other income & one-offs 54%

Pre-tax profit ₹120 Cr: core business ₹55.0 Cr, other income ₹65.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹677 Cr: 411% of FY25 net profit of ₹165 Cr.

Borrowings ₹2,744 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹516₹489 -5.2% below
📊 Investor presentation (04 Aug) Detailed financials →

Canara HSBC Life Insurance Company Limited

CANHLIFE · Insurance · Q2 FY26 · Standalone
M Cap
₹12,934 Cr
P/E
97.9
PEG
—
  • 64% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales -35.4% 2,3483,632
Operating profit +166.7% 16.06.0
OPM % +52 bps 0.7%0.2%
Other income +50.0% 30.020.0
Net profit +78.3% 41.023.0
PAT margin % +111 bps 1.7%0.6%
EPS (₹) +72.0% 0.430.25

Quality of profit

Core 36%Other income & one-offs 64%

Pre-tax profit ₹45.0 Cr: core business ₹16.0 Cr, other income ₹30.0 Cr, exceptional & other items −₹1.0 Cr.

📊 Investor presentation (21 Jan) Detailed financials →

JBM Auto Limited

JBMA · Auto Components · Q2 FY26 · Consolidated
M Cap
₹12,700 Cr
P/E
52.2
PEG
2.37
  • 45% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -25%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +6.4%+9.1% 1,3681,2541,286
Operating profit -1.3%+11.8% 156140158
OPM % -89 bps+27 bps 11.4%11.1%12.3%
Other income +288.0%-3.4% 38.840.110.0
Net profit? +4.2%+41.4% 55.239.053.0
PAT margin % -9 bps+92 bps 4.0%3.1%4.1%
EPS (₹) +6.7%+42.9% 2.231.562.09

Quality of profit

Core 55%Other income & one-offs 45%

Pre-tax profit ₹74.4 Cr: core business ₹41.2 Cr, other income ₹38.8 Cr, exceptional & other items −₹5.6 Cr.

Core profit YoY: -25.1% · reported profit +4.2%

Cash & debt

FY25 cash from operations ₹394 Cr: 184% of FY25 net profit of ₹215 Cr.

Borrowings ₹2,630 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,376₹1,368 -0.6% in line
Net profit₹59.3₹55.2 -6.8% in line
Detailed financials →

Sobha Limited

SOBHA · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹12,368 Cr
P/E
53.6
PEG
2.33
  • Profit +40% above its own trend
  • 40% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +50.7%+65.2% 1,408852934
Operating profit +52.7%— 1189.177.0
OPM % +11 bps+729 bps 8.4%1.1%8.2%
Other income -57.5%-66.5% 13.640.632.0
Net profit? +180.8%+421.4% 73.014.026.0
PAT margin % +240 bps+354 bps 5.2%1.6%2.8%
EPS (₹) +177.9%+433.9% 6.781.272.44

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹98.9 Cr: core business ₹59.3 Cr, other income ₹13.6 Cr, exceptional & other items ₹26.0 Cr.

Core profit YoY: — · reported profit +180.8%

Cash & debt

FY25 cash from operations ₹200 Cr: 211% of FY25 net profit of ₹95.0 Cr.

Borrowings ₹1,183 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,381₹1,408 +1.9% in line
Net profit₹52.0₹73.0 +40.4% above
Detailed financials →

Amagi Media Labs Limited

AMAGI · IT Enabled Services (BPO/KPO) · Q2 FY26 · Consolidated
M Cap
₹12,283 Cr
P/E
120.5
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +13.6% 375330
Operating profit loss widened -3.0-1.0
OPM % -50 bps -0.8%-0.3%
Other income +7.1% 15.014.0
Net profit? -25.0% 3.04.0
PAT margin % -41 bps 0.8%1.2%
EPS (₹) -36.5% 0.731.15

Quality of profit

Pre-tax profit ₹5.0 Cr: core business −₹10.0 Cr, other income ₹15.0 Cr.

📊 Investor presentation (13 Aug) Detailed financials →

VA Tech Wabag Limited

WABAG · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹12,260 Cr
P/E
33.1
PEG
0.36
  • Operating margin contracted 266 bps YoY
  • 39% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -7%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +19.2%+13.7% 834734700
Operating profit -4.6%-6.6% 89.395.693.6
OPM % -266 bps-232 bps 10.7%13.0%13.4%
Other income +201.4%+268.1% 41.611.313.8
Net profit? +20.6%+28.9% 84.865.870.3
PAT margin % +12 bps+120 bps 10.2%9.0%10.0%
EPS (₹) +20.1%+28.8% 13.6310.5811.35

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹111 Cr: core business ₹68.0 Cr, other income ₹41.6 Cr, exceptional & other items ₹1.2 Cr.

Core profit YoY: -7.2% · reported profit +20.6%

Cash & debt

FY25 cash from operations ₹355 Cr: 120% of FY25 net profit of ₹295 Cr.

Borrowings ₹362 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹813₹834 +2.6% in line
Net profit₹83.3₹84.8 +1.8% in line
📊 Investor presentation (12 Aug) Detailed financials →

FRACTAL ANALYTICS LIMITED

FRACTAL · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹12,042 Cr
P/E
37.5
PEG
—
  • 37% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +5.0% 798760
Operating profit -6.2% 75.080.0
OPM % -113 bps 9.4%10.5%
Other income +14.3% 16.014.0
Net profit? -13.2% 33.038.0
PAT margin % -86 bps 4.1%5.0%
EPS (₹) -8.8% 2.502.74

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹46.0 Cr: core business ₹29.0 Cr, other income ₹16.0 Cr, exceptional & other items ₹1.0 Cr.

📊 Investor presentation (23 Jul) Detailed financials →

Cyient Limited

CYIENT · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹12,011 Cr
P/E
29.0
PEG
—
  • Profit -22% below its own trend
  • Operating margin contracted 376 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹20.7 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -3.7%+4.0% 1,7811,7121,849
Operating profit -26.3%-5.2% 219231297
OPM % -376 bps-119 bps 12.3%13.5%16.0%
Other income -2.2%-28.3% 50.069.751.1
Net profit? -23.4%-9.2% 143157187
PAT margin % -207 bps-117 bps 8.0%9.2%10.1%
EPS (₹) -29.1%-17.2% 11.5513.9516.28

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹197 Cr: core business ₹131 Cr, other income ₹50.0 Cr, exceptional & other items ₹15.9 Cr.

Core profit YoY: -35.7% · reported profit -23.4%

Cash & debt

FY25 cash from operations ₹790 Cr: 122% of FY25 net profit of ₹649 Cr.

Borrowings ₹513 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,910₹1,781 -6.7% below
Net profit₹183₹143 -21.9% below
📊 Investor presentation (25 Aug) Detailed financials →

Vedant Fashions Limited

MANYAVAR · Textiles · Q2 FY26 · Standalone
M Cap
₹12,002 Cr
P/E
—
PEG
—
  • Profit -21% below its own trend
  • Operating margin contracted 329 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -1.7%-6.4% 263281268
Operating profit -8.8%-8.3% 111121122
OPM % -329 bps-86 bps 42.2%43.1%45.5%
Other income +6.3%-23.1% 20.026.018.8
Net profit -15.7%-20.0% 56.070.066.4
PAT margin % -353 bps-362 bps 21.3%24.9%24.8%
EPS (₹) -15.4%-20.1% 2.312.892.73

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹74.0 Cr: core business ₹54.0 Cr, other income ₹20.0 Cr.

Core profit YoY: -23.7% · reported profit -15.7%

Cash & debt

FY25 cash from operations ₹389 Cr: 100% of FY25 net profit of ₹387 Cr.

Borrowings ₹483 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹301₹263 -12.7% below
Net profit₹70.7₹56.0 -20.8% below
📊 Investor presentation (25 Jul) Detailed financials →

Quality Power Electrical Equipments Limited

QPOWER · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹11,710 Cr
P/E
60.0
PEG
—
  • 30% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +16.4% 206177
Operating profit +16.9% 36.231.0
OPM % +7 bps 17.6%17.5%
Other income -24.4% 13.117.4
Net profit? -5.1% 35.237.1
PAT margin % -388 bps 17.1%21.0%
EPS (₹) +0.6% 3.143.12

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹44.3 Cr: core business ₹31.2 Cr, other income ₹13.1 Cr.

📊 Investor presentation (10 Aug) Detailed financials →

Sri Lotus Developers and Realty Limited

LOTUSDEV · Real Estate · Q2 FY26 · Consolidated
M Cap
₹11,632 Cr
P/E
44.2
PEG
—
  • 51% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +187.0% 17661.3
Operating profit +69.7% 50.029.5
OPM % -1963 bps 28.4%48.0%
Other income +153.8% 17.26.8
Net profit? +78.4% 46.025.8
PAT margin % -1592 bps 26.1%42.1%
EPS (₹) +59.3% 0.940.59

Quality of profit

Core 49%Other income & one-offs 51%

Pre-tax profit ₹97.6 Cr: core business ₹48.2 Cr, other income ₹17.2 Cr, exceptional & other items ₹32.2 Cr.

📊 Investor presentation (03 Aug) Detailed financials →

Inox Wind Limited

INOXWIND · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹11,609 Cr
P/E
27.8
PEG
0.73
  • Profit -28% below its own trend
  • Operating margin contracted 227 bps YoY
  • 25% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 32% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +52.7%+35.5% 1,119826733
Operating profit +37.3%+23.9% 228184166
OPM % -227 bps-190 bps 20.4%22.3%22.6%
Other income +290.9%+19.4% 43.036.011.0
Net profit? +44.0%+24.7% 12197.084.0
PAT margin % -65 bps-93 bps 10.8%11.7%11.5%
EPS (₹) +178.9%-13.1% 0.530.610.19

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹169 Cr: core business ₹126 Cr, other income ₹43.0 Cr.

Core profit YoY: +63.6% · reported profit +44.0%

Cash & debt

FY25 cash from operations ₹138 Cr: 32% of FY25 net profit of ₹426 Cr.

Borrowings ₹1,500 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,388₹1,119 -19.4% below
Net profit₹168₹121 -28.0% below
📊 Investor presentation (07 Aug) Detailed financials →

Akums Drugs and Pharmaceuticals Limited

AKUMS · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹11,505 Cr
P/E
39.3
PEG
1.36
  • Profit -40% below its own trend
  • Operating margin contracted 243 bps YoY
  • 49% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -1.5%-0.6% 1,0181,0241,033
Operating profit -21.9%-26.7% 94.5129121
OPM % -243 bps-331 bps 9.3%12.6%11.7%
Other income +90.4%+21.1% 32.426.717.0
Net profit? -36.3%-34.0% 42.764.767.0
PAT margin % -229 bps-212 bps 4.2%6.3%6.5%
EPS (₹) -35.7%-35.9% 2.664.154.14

Quality of profit

Core 51%Other income & one-offs 49%

Pre-tax profit ₹65.7 Cr: core business ₹33.3 Cr, other income ₹32.4 Cr.

Core profit YoY: -55.0% · reported profit -36.3%

Cash & debt

FY25 cash from operations ₹465 Cr: 135% of FY25 net profit of ₹344 Cr.

Borrowings ₹88.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,001₹1,018 +1.7% in line
Net profit₹70.8₹42.7 -39.7% below
📊 Investor presentation (14 May) Detailed financials →

Techno Electric & Engineering Company Limited

TECHNOE · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹11,115 Cr
P/E
25.8
PEG
0.76
  • Profit -17% below its own trend
  • Operating margin contracted 271 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +55%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +91.2%+60.3% 843526441
Operating profit +58.6%+20.7% 11192.070.0
OPM % -271 bps-432 bps 13.2%17.5%15.9%
Other income -2.6%-47.9% 38.073.039.0
Net profit? +10.6%-23.5% 10413694.0
PAT margin % -898 bps-1352 bps 12.3%25.9%21.3%
EPS (₹) +10.4%-23.6% 8.9411.708.10

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹140 Cr: core business ₹102 Cr, other income ₹38.0 Cr.

Core profit YoY: +54.5% · reported profit +10.6%

Cash & debt

FY25 cash from operations ₹453 Cr: 107% of FY25 net profit of ₹423 Cr.

Borrowings ₹39.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹718₹843 +17.4% above
Net profit₹125₹104 -16.7% below
📊 Investor presentation (11 Feb) Detailed financials →

BLACKBUCK LIMITED

BLACKBUCK · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹10,572 Cr
P/E
62.4
PEG
1.69
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 902 bps YoY
  • 41% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +52.7%+5.0% 15114499.0
Operating profit +143.5%-8.7% 36.540.015.0
OPM % +902 bps-361 bps 24.2%27.8%15.2%
Other income from loss+0.4% 16.116.0-276
Net profit? from loss-14.1% 29.234.0-269
PAT margin % —-429 bps 19.3%23.6%—
EPS (₹) from loss-13.8% 1.621.88-26680.20

Quality of profit

Core 59%Other income & one-offs 41%

Pre-tax profit ₹38.9 Cr: core business ₹22.9 Cr, other income ₹16.1 Cr.

Core profit YoY: +226.9%

Cash & debt

FY25 cash from operations ₹58.0 Cr.

Borrowings ₹38.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹147₹151 +2.7% in line
📊 Investor presentation (29 Jul) Detailed financials →

Whirlpool of India Limited

WHIRLPOOL · Consumer Durables & Appliances · Q2 FY26 · Consolidated
M Cap
₹10,316 Cr
P/E
41.0
PEG
3.15
  • Profit -38% below its own trend
  • Operating margin contracted 156 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -3.9%-32.3% 1,6472,4321,713
Operating profit -33.3%-72.5% 58.021187.0
OPM % -156 bps-516 bps 3.5%8.7%5.1%
Other income +22.4%+11.0% 60.054.149.0
Net profit? -22.2%-71.2% 42.014654.0
PAT margin % -60 bps-346 bps 2.6%6.0%3.2%
EPS (₹) -20.5%-71.6% 3.2611.494.10

Quality of profit

Pre-tax profit ₹58.0 Cr: core business −₹2.0 Cr, other income ₹60.0 Cr.

Core profit YoY: to loss · reported profit -22.2%

Cash & debt

FY25 cash from operations ₹571 Cr: 157% of FY25 net profit of ₹363 Cr.

Borrowings ₹284 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,915₹1,647 -14.0% below
Net profit₹67.3₹42.0 -37.6% below
📊 Investor presentation (06 Aug) Detailed financials →

Rategain Travel Technologies Limited

RATEGAIN · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹10,211 Cr
P/E
42.1
PEG
0.86
  • Profit -21% below its own trend
  • Operating margin contracted 336 bps YoY
  • 32% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +6.5%+8.1% 295273277
Operating profit -10.0%+8.7% 54.049.760.0
OPM % -336 bps+11 bps 18.3%18.2%21.7%
Other income +29.4%+6.5% 22.020.717.0
Net profit? -1.9%+8.7% 51.046.952.0
PAT margin % -148 bps+9 bps 17.3%17.2%18.8%
EPS (₹) -2.5%+8.5% 4.323.984.43

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹66.0 Cr: core business ₹45.0 Cr, other income ₹22.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -11.8% · reported profit -1.9%

Cash & debt

FY25 cash from operations ₹120 Cr: 57% of FY25 net profit of ₹209 Cr.

Borrowings ₹16.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹299₹295 -1.2% in line
Net profit₹64.9₹51.0 -21.4% below
📊 Investor presentation (06 Aug) Detailed financials →

Strides Pharma Science Limited

STAR · Pharmaceuticals · Q2 FY26 · Standalone
M Cap
₹10,104 Cr
P/E
26.0
PEG
0.37
  • 57% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +3.1%+7.5% 536499520
Operating profit +12.7%-7.8% 62.067.255.0
OPM % +98 bps-192 bps 11.6%13.5%10.6%
Other income -41.7%+696.4% 14.01.824.0
Net profit +109.3%+140.1% 32.013.315.3
PAT margin % +303 bps+330 bps 6.0%2.7%2.9%
EPS (₹) +85.1%+140.0% 3.481.451.88

Quality of profit

Core 43%Other income & one-offs 57%

Pre-tax profit ₹25.4 Cr: core business ₹11.0 Cr, other income ₹14.0 Cr.

Core profit YoY: from loss · reported profit +109.3%

Cash & debt

FY25 cash from operations ₹421 Cr: 837% of FY25 net profit of ₹50.3 Cr.

Borrowings ₹1,202 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹479₹536 +12.1% above
Net profit₹30.6₹32.0 +4.7% in line
Detailed financials →

Ircon International Limited

IRCON · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹9,850 Cr
P/E
19.0
PEG
—
  • Profit -15% below its own trend
  • Operating margin contracted 108 bps YoY
  • 91% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -87%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -19.2%+10.7% 1,9771,7862,448
Operating profit -29.9%-29.5% 141200201
OPM % -108 bps-406 bps 7.1%11.2%8.2%
Other income +9.9%+25.8% 156124142
Net profit? -33.7%-16.8% 137164206
PAT margin % -151 bps-228 bps 6.9%9.2%8.4%
EPS (₹) -32.9%-16.0% 1.471.752.19

Quality of profit

Core 9%Other income & one-offs 91%

Pre-tax profit ₹172 Cr: core business ₹16.0 Cr, other income ₹156 Cr.

Core profit YoY: -86.7% · reported profit -33.7%

Cash & debt

FY25 cash from operations −₹1,110 Cr: -153% of FY25 net profit of ₹728 Cr.

Borrowings ₹4,299 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,111₹1,977 -6.4% below
Net profit₹160₹137 -14.7% below
📊 Investor presentation (12 Aug) Detailed financials →

SG Mart Limited

SGMART · Trading & Distribution · Q2 FY26 · Consolidated
M Cap
₹9,633 Cr
P/E
80.1
PEG
—
  • Profit +53% above its own trend
  • 99% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -73%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -5.0%+49.0% 1,7041,1441,793
Operating profit +86.7%-22.2% 28.036.015.0
OPM % +81 bps-150 bps 1.6%3.1%0.8%
Other income +96.8%+96.8% 39.420.020.0
Net profit? +68.8%-15.6% 27.032.016.0
PAT margin % +69 bps-121 bps 1.6%2.8%0.9%
EPS (₹) +48.6%-17.6% 2.112.561.42

Quality of profit

Core 1%Other income & one-offs 99%

Pre-tax profit ₹75.7 Cr: core business ₹0.5 Cr, other income ₹39.4 Cr, exceptional & other items ₹35.8 Cr.

Core profit YoY: -73.5% · reported profit +68.8%

Against its own trend ?

TrendActualGap
Sales₹2,023₹1,704 -15.8% below
Net profit₹17.6₹27.0 +53.3% above
📊 Investor presentation (20 Jul) Detailed financials →

Finolex Industries Limited

FINPIPE · Plastic Products · Q2 FY26 · Consolidated
M Cap
₹9,372 Cr
P/E
15.7
PEG
0.41
  • Profit +354% above its own trend
  • Operating margin expanded 1383 bps YoY
  • 41% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 48% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +3.7%-17.7% 8591,043828
Operating profit —+39.1% 13093.611.0
OPM % +1383 bps+619 bps 15.2%9.0%1.3%
Other income -32.1%-10.7% 57.864.785.0
Net profit? +201.4%+25.9% 12498.241.0
PAT margin % +944 bps+498 bps 14.4%9.4%5.0%
EPS (₹) +203.0%+25.8% 2.001.590.66

Quality of profit

Core 59%Other income & one-offs 41%

Pre-tax profit ₹166 Cr: core business ₹98.4 Cr, other income ₹57.8 Cr, exceptional & other items ₹9.9 Cr.

Core profit YoY: from loss · reported profit +201.4%

Cash & debt

FY25 cash from operations ₹383 Cr: 48% of FY25 net profit of ₹790 Cr.

Borrowings ₹237 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹781₹859 +9.9% above
Net profit₹27.2₹124 +353.5% above
📊 Investor presentation (06 Aug) Detailed financials →

KRN Heat Exchanger and Refrigeration Limited

KRN · Engineering & Capital Goods · Q2 FY26 · Consolidated
M Cap
₹9,249 Cr
P/E
95.4
PEG
—
  • Profit +17% above its own trend
  • 53% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 40% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +67.0%+31.9% 15211591.0
Operating profit +66.7%+70.5% 30.017.618.0
OPM % -4 bps+447 bps 19.7%15.3%19.8%
Other income +100.0%-44.1% 2.03.61.0
Net profit? +50.0%+44.9% 18.012.412.0
PAT margin % -134 bps+107 bps 11.8%10.8%13.2%
EPS (₹) +46.5%+45.0% 2.902.001.98

Quality of profit

Core 47%Other income & one-offs 53%

Pre-tax profit ₹45.2 Cr: core business ₹21.4 Cr, other income ₹2.0 Cr, exceptional & other items ₹21.8 Cr.

Core profit YoY: +33.8% · reported profit +50.0%

Cash & debt

FY25 cash from operations ₹21.0 Cr: 40% of FY25 net profit of ₹52.9 Cr.

Borrowings ₹33.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹131₹152 +15.8% above
Net profit₹15.4₹18.0 +16.6% above
📊 Investor presentation (13 Aug) Detailed financials →

Sudarshan Chemical Industries Limited

SUDARSCHEM · Dyes & Pigments · Q2 FY26 · Consolidated
M Cap
₹9,163 Cr
P/E
103.7
PEG
—
  • Profit -62% below its own trend
  • Operating margin contracted 798 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +243.0%-4.8% 2,3872,507696
Operating profit +40.4%-31.2% 13219294.0
OPM % -798 bps-213 bps 5.5%7.7%13.5%
Other income from loss+15.2% 38.033.0-6.0
Net profit? -36.7%-65.5% 19.055.030.0
PAT margin % -351 bps-140 bps 0.8%2.2%4.3%
EPS (₹) -65.5%-75.2% 1.496.014.32

Quality of profit

Pre-tax profit ₹30.0 Cr: core business −₹9.0 Cr, other income ₹38.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: to loss · reported profit -36.7%

Cash & debt

FY25 cash from operations ₹37.0 Cr: 62% of FY25 net profit of ₹60.0 Cr.

Borrowings ₹2,378 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,024₹2,387 +133.1% above
Net profit₹50.0₹19.0 -62.0% below
📊 Investor presentation (13 Aug) Detailed financials →

Unimech Aerospace and Manufacturing Limited

UNIMECH · Engineering & Capital Goods · Q2 FY26 · Consolidated
M Cap
₹9,148 Cr
P/E
127.2
PEG
3.10
  • Operating margin contracted 779 bps YoY
  • 48% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -46%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.6%-1.6% 62.063.061.0
Operating profit -19.4%-7.3% 18.520.023.0
OPM % -779 bps-183 bps 29.9%31.7%37.7%
Other income +97.3%-10.3% 9.911.05.0
Net profit? -12.9%-17.5% 15.719.018.0
PAT margin % -423 bps-488 bps 25.3%30.2%29.5%
EPS (₹) -18.7%-18.1% 3.083.763.79

Quality of profit

Core 52%Other income & one-offs 48%

Pre-tax profit ₹20.7 Cr: core business ₹10.8 Cr, other income ₹9.9 Cr.

Core profit YoY: -45.9% · reported profit -12.9%

Cash & debt

FY25 cash from operations ₹81.0 Cr: 97% of FY25 net profit of ₹83.8 Cr.

Borrowings ₹84.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹65.1₹62.0 -4.8% in line
Net profit₹16.3₹15.7 -3.8% in line
📊 Investor presentation (03 Aug) Detailed financials →

WESTLIFE FOODWORLD LIMITED

WESTLIFE · Hotels & Resorts · Q2 FY26 · Consolidated
M Cap
₹9,110 Cr
P/E
287.4
PEG
—
  • Profit +999% above its own trend
  • Operating margin contracted 184 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +3.9%-2.4% 642658618
Operating profit -11.7%-21.3% 67.285.376.0
OPM % -184 bps-251 bps 10.5%13.0%12.3%
Other income +881.9%+833.4% 63.56.86.5
Net profit? —— 27.71.20.4
PAT margin % +426 bps+413 bps 4.3%0.2%0.1%
EPS (₹) —— 1.780.080.02

Quality of profit

Pre-tax profit ₹37.0 Cr: core business −₹26.5 Cr, other income ₹63.5 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹345 Cr: 2842% of FY25 net profit of ₹12.1 Cr.

Borrowings ₹1,623 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹661₹642 -2.9% in line
Net profit₹0.2₹27.7 +999.0% above
📊 Investor presentation (30 Jul) Detailed financials →

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.

Results calendarWho reports results today, tomorrow and this week. Strong quarterly resultsCompanies whose latest quarter showed profit up 30% or more. Live announcementsEvery NSE/BSE filing with an AI read, as it arrives. Company fundamentalsTen years of quarterly and annual financials.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI