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 15 Oct 2026, 04:30 IST 5073 declared
The next results season has started: 62 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

Latest Q2 FY26 results 5073

Page 40 of 170

Arfin India Limited

ARFIN · Aluminium · Q2 FY26 · Consolidated
M Cap
₹1,783 Cr
P/E
96.7
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +17.5% 128109
Operating profit +41.7% 9.36.6
OPM % +124 bps 7.3%6.1%
Other income +13.6% 0.50.5
Net profit? +127.1% 2.51.1
PAT margin % +93 bps 1.9%1.0%
EPS (₹) +150.0% 0.150.06

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹3.7 Cr: core business ₹3.2 Cr, other income ₹0.5 Cr.

Detailed financials →

Nucleus Software Exports Limited

NUCLEUS · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹1,781 Cr
P/E
16.9
PEG
2.81
  • Profit -22% below its own trend
  • Operating margin contracted 509 bps YoY
  • 46% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +5.9%-1.7% 214218202
Operating profit -28.1%-32.3% 23.034.032.0
OPM % -509 bps-486 bps 10.7%15.6%15.8%
Other income -15.8%-10.9% 16.018.019.0
Net profit? -21.2%-26.1% 26.035.233.0
PAT margin % -419 bps-402 bps 12.1%16.2%16.3%
EPS (₹) -20.5%-25.3% 9.9913.3712.56

Quality of profit

Core 54%Other income & one-offs 46%

Pre-tax profit ₹35.0 Cr: core business ₹19.0 Cr, other income ₹16.0 Cr.

Core profit YoY: -32.1% · reported profit -21.2%

Cash & debt

FY25 cash from operations ₹151 Cr: 93% of FY25 net profit of ₹163 Cr.

Borrowings ₹2.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹212₹214 +1.0% in line
Net profit₹33.2₹26.0 -21.7% below
Detailed financials →

IG Petrochemicals Limited

IGPL · Chemicals · Q2 FY26 · Consolidated
M Cap
₹1,774 Cr
P/E
21.7
PEG
—
  • Into loss: a profit a year ago
  • Profit -104% below its own trend
  • Operating margin contracted 640 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -20.2%-1.0% 465470583
Operating profit -67.7%from loss 20.2-0.762.6
OPM % -640 bps+449 bps 4.3%-0.1%10.7%
Other income +37.1%-44.4% 5.610.04.1
Net profit? to lossloss narrowed -2.0-13.026.2
PAT margin % -492 bps+233 bps -0.4%-2.8%4.5%
EPS (₹) to lossloss narrowed -0.65-4.228.50

Quality of profit

Pre-tax profit −₹1.4 Cr: core business −₹7.0 Cr, other income ₹5.6 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹261 Cr: 240% of FY25 net profit of ₹109 Cr.

Borrowings ₹269 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹586₹465 -20.6% below
Net profit₹52.3−₹2.0 -103.8% below
📊 Investor presentation (07 Aug) Detailed financials →

BF Utilities Limited

BFUTILITIE · Power Generation & Utilities · Q2 FY26 · Consolidated
M Cap
₹1,773 Cr
P/E
—
PEG
—
₹ CrYoY Sep 2025Sep 2024
Sales +4.8% 232221
Operating profit +5.8% 177167
OPM % +68 bps 76.3%75.6%
Other income +8.2% 7.06.5
Net profit? +7.7% 98.091.0
PAT margin % +113 bps 42.2%41.1%
EPS (₹) +8.5% 11.2710.39

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹146 Cr: core business ₹139 Cr, other income ₹7.0 Cr.

Core profit YoY: +16.7% · reported profit +7.7%

Cash & debt

FY25 cash from operations ₹540 Cr: 160% of FY25 net profit of ₹338 Cr.

Borrowings ₹932 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹192₹232 +20.9% above
Net profit₹95.5₹98.0 +2.6% in line
Detailed financials →

NGL Fine-Chem Limited

NGLFINE · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹1,771 Cr
P/E
31.2
PEG
0.95
  • Profit +84% above its own trend
  • Operating margin expanded 190 bps YoY
  • Core business grew faster than reported profit (core profit +33%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +28.6%+15.4% 12010493.5
Operating profit +48.4%+56.3% 17.211.011.6
OPM % +190 bps+373 bps 14.3%10.5%12.4%
Other income -59.9%-67.7% 2.16.45.1
Net profit? -1.9%+4.2% 9.69.29.8
PAT margin % -249 bps-87 bps 8.0%8.9%10.5%
EPS (₹) -1.9%+4.1% 15.5814.9615.88

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹13.0 Cr: core business ₹10.9 Cr, other income ₹2.1 Cr.

Core profit YoY: +32.8% · reported profit -1.9%

Cash & debt

FY25 cash from operations ₹36.0 Cr: 169% of FY25 net profit of ₹21.3 Cr.

Borrowings ₹77.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹101₹120 +19.1% above
Net profit₹5.2₹9.6 +84.4% above
📊 Investor presentation (17 Aug) Detailed financials →

MODISON LIMITED

MODISONLTD · Electrical Equipment · Q2 FY26 · Standalone
M Cap
₹1,769 Cr
P/E
17.4
PEG
0.21
  • Operating margin expanded 442 bps YoY
  • Exceptional items of ₹1.0 Cr in the quarter
  • Core business grew faster than reported profit (core profit +113%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +18.5%+8.2% 145134122
Operating profit +81.7%+115.5% 18.58.610.2
OPM % +442 bps+633 bps 12.7%6.4%8.3%
Other income -86.8%-93.2% 0.23.31.7
Net profit +42.4%+142.8% 11.74.88.2
PAT margin % +135 bps+445 bps 8.0%3.6%6.7%
EPS (₹) +41.9%+142.6% 3.591.482.53

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹15.7 Cr: core business ₹14.4 Cr, other income ₹0.2 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +113.0% · reported profit +42.4%

Cash & debt

FY25 cash from operations −₹16.0 Cr: -65% of FY25 net profit of ₹24.7 Cr.

Borrowings ₹73.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹141₹145 +3.2% in line
Net profit₹12.3₹11.7 -5.4% in line
Detailed financials →

Shipping Corporation of India Land and Assets Limited

SCILAL · Investment & Holding Companies · Q2 FY26 · Standalone
M Cap
₹1,758 Cr
P/E
61.7
PEG
—
  • Profit -73% below its own trend
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +53.6%+7.4% 6.15.74.0
Operating profit loss widenedloss widened -14.9-1.6-3.0
Other income +0.1%+1.6% 21.421.121.4
Net profit -67.4%-70.8% 4.214.312.9
PAT margin % —— 68.4%——
EPS (₹) -67.9%-71.0% 0.090.310.28

Quality of profit

Pre-tax profit ₹5.9 Cr: core business −₹15.6 Cr, other income ₹21.4 Cr.

Core profit YoY: loss widened · reported profit -67.4%

Cash & debt

FY25 cash from operations −₹49.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5.0₹6.1 +23.4% above
Net profit₹15.4₹4.2 -72.8% below
Detailed financials →

Oriental Aromatics Limited

OAL · Chemicals · Q2 FY26 · Consolidated
M Cap
₹1,758 Cr
P/E
330.1
PEG
—
  • Profit -97% below its own trend
  • Operating margin contracted 573 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
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +14.6%+20.3% 271226237
Operating profit -39.7%-4.5% 17.218.128.6
OPM % -573 bps-165 bps 6.4%8.0%12.1%
Other income +42.7%— 3.00.32.1
Net profit? -95.0%+46.5% 0.70.514.8
PAT margin % -597 bps+5 bps 0.3%0.2%6.2%
EPS (₹) -95.0%+46.7% 0.220.154.39

Quality of profit

Pre-tax profit ₹2.7 Cr: core business −₹0.3 Cr, other income ₹3.0 Cr.

Core profit YoY: to loss · reported profit -95.0%

Cash & debt

FY25 cash from operations −₹34.0 Cr: -99% of FY25 net profit of ₹34.3 Cr.

Borrowings ₹353 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹257₹271 +5.5% above
Net profit₹21.3₹0.7 -96.5% below
📊 Investor presentation (25 Feb) Detailed financials →

Kross Limited

KROSS · Auto Components · Q2 FY26 · Standalone
M Cap
₹1,756 Cr
P/E
32.7
PEG
1.56
  • Profit -30% below its own trend
  • Operating margin contracted 150 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -5.8%-5.8% 131139139
Operating profit -16.7%-6.2% 15.016.018.0
OPM % -150 bps-6 bps 11.5%11.5%12.9%
Other income +0.0%-50.0% 1.02.01.0
Net profit -20.0%-27.3% 8.011.010.0
PAT margin % -109 bps-181 bps 6.1%7.9%7.2%
EPS (₹) -16.1%-24.7% 1.251.661.49

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹12.0 Cr: core business ₹11.0 Cr, other income ₹1.0 Cr.

Core profit YoY: -8.3% · reported profit -20.0%

Cash & debt

FY25 cash from operations −₹32.0 Cr: -65% of FY25 net profit of ₹49.0 Cr.

Borrowings ₹34.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹137₹131 -4.1% in line
Net profit₹11.4₹8.0 -29.8% below
📊 Investor presentation (25 Jul) Detailed financials →

Huhtamaki India Limited

HUHTAMAKI · Packaging · Q2 FY26 · Standalone
M Cap
₹1,753 Cr
P/E
12.8
PEG
0.38
  • Profit +507% above its own trend
  • Operating margin expanded 604 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -4.1%+2.1% 625612652
Operating profit +205.6%+27.9% 55.043.018.0
OPM % +604 bps+177 bps 8.8%7.0%2.8%
Other income -40.0%+28.6% 9.07.015.0
Net profit +208.3%+48.0% 37.025.012.0
PAT margin % +408 bps+184 bps 5.9%4.1%1.8%
EPS (₹) +214.2%+47.6% 4.873.301.55

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹49.0 Cr: core business ₹39.0 Cr, other income ₹9.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: — · reported profit +208.3%

Cash & debt

Borrowings ₹149 Cr at Dec 2024.

Against its own trend ?

TrendActualGap
Sales₹647₹625 -3.4% in line
Net profit₹6.1₹37.0 +506.9% above
📊 Investor presentation (27 Jul) Detailed financials →

Arman Financial Services Limited

ARMANFIN · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹1,741 Cr
P/E
31.1
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -12.2%+5.3% 159151181
Net interest income -6.0%+10.1% 10999.0116
Other income —— 0.00.00.0
Net profit? -46.7%from loss 8.0-15.015.0
EPS (₹) -47.8%from loss 7.60-13.9014.56
Gross NPA % -4 bps+25 bps 3.7%3.5%3.7%
Net NPA % -14 bps-1 bps 0.5%0.5%0.6%

Against its own trend ?

TrendActualGap
NII₹135₹109 -19.2% below
Net profit₹7.5₹8.0 +6.7% in line
📊 Investor presentation (13 Aug) Detailed financials →

Gretex Corporate Services Limited

GCSL · Capital Markets & Broking · Q2 FY26 · Consolidated
M Cap
₹1,736 Cr
P/E
43.6
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +263.6% 80.022.0
Operating profit — 32.02.0
OPM % +3091 bps 40.0%9.1%
Other income to loss -12.01.0
Net profit? — 13.01.0
PAT margin % +1170 bps 16.2%4.5%
EPS (₹) — 5.060.34

Quality of profit

Pre-tax profit ₹19.0 Cr: core business ₹31.0 Cr, other income −₹12.0 Cr.

📊 Investor presentation (10 Aug) Detailed financials →

La Opala RG Limited

LAOPALA · Glass · Q2 FY26 · Standalone
M Cap
₹1,734 Cr
P/E
18.6
PEG
—
  • Profit +23% above its own trend
  • Operating margin expanded 659 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.0%+40.0% 91.065.091.0
Operating profit +20.7%+45.8% 35.024.029.0
OPM % +659 bps+154 bps 38.5%36.9%31.9%
Other income -60.0%-57.1% 6.014.015.0
Net profit +12.5%+8.0% 27.025.024.0
PAT margin % +330 bps-879 bps 29.7%38.5%26.4%
EPS (₹) +11.1%+5.7% 2.412.282.17

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹35.0 Cr: core business ₹29.0 Cr, other income ₹6.0 Cr.

Core profit YoY: +20.8% · reported profit +12.5%

Cash & debt

FY25 cash from operations ₹112 Cr: 116% of FY25 net profit of ₹96.7 Cr.

Borrowings ₹11.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹83.1₹91.0 +9.6% above
Net profit₹21.9₹27.0 +23.2% above
Detailed financials →

DCX Systems Limited

DCXINDIA · Aerospace & Defence · Q2 FY26 · Consolidated
M Cap
₹1,732 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -352% below its own trend
  • Operating margin contracted 470 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -1.4%-13.2% 193222196
Operating profit loss widenedto loss -12.80.3-3.8
OPM % -470 bps-677 bps -6.6%0.1%-1.9%
Other income -39.8%-18.6% 12.014.820.0
Net profit? to lossto loss -9.04.15.2
PAT margin % -736 bps-651 bps -4.7%1.8%2.7%
EPS (₹) to lossto loss -0.810.360.47

Quality of profit

Pre-tax profit −₹5.3 Cr: core business −₹17.4 Cr, other income ₹12.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹496 Cr: 1276% of FY25 net profit of ₹38.9 Cr.

Borrowings ₹4.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹171₹193 +12.9% above
Net profit₹3.6−₹9.0 -351.7% below
📊 Investor presentation (13 Aug) Detailed financials →

Camlin Fine Sciences Limited

CAMLINFINE · Chemicals · Q2 FY26 · Consolidated
M Cap
₹1,725 Cr
P/E
59.1
PEG
—
  • Operating margin contracted 503 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.7%+8.6% 460424423
Operating profit -35.7%+75.6% 33.419.052.0
OPM % -503 bps+278 bps 7.3%4.5%12.3%
Other income from loss-46.4% 4.68.6-151
Net profit? loss narrowedloss widened -14.9-10.7-116
PAT margin % +2420 bps-73 bps -3.3%-2.5%-27.5%
EPS (₹) loss narrowedloss widened -0.76-0.53-5.98

Quality of profit

Pre-tax profit −₹0.1 Cr: core business −₹4.3 Cr, other income ₹4.6 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹27.0 Cr.

Borrowings ₹681 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹457₹460 +0.7% in line
📊 Investor presentation (11 Aug) Detailed financials →

Virtuoso Optoelectronics Limited

VOEPL · Consumer Durables & Appliances · Q2 FY26 · Consolidated
M Cap
₹1,721 Cr
P/E
97.5
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales -51.8% 97.8203
Operating profit -49.7% 10.120.1
OPM % +45 bps 10.3%9.9%
Other income -3.8% 0.80.8
Net profit? to loss -3.96.4
PAT margin % -713 bps -4.0%3.2%
EPS (₹) to loss -1.282.18

Quality of profit

Pre-tax profit −₹1.8 Cr: core business −₹2.6 Cr, other income ₹0.8 Cr.

Cash & debt

FY25 cash from operations ₹31.0 Cr.

Borrowings ₹172 Cr at Mar 2025.

📊 Investor presentation (17 Aug) Detailed financials →

Tinna Rubber and Infrastructure Limited

TINNARUBR · Tyres & Rubber · Q2 FY26 · Consolidated
M Cap
₹1,718 Cr
P/E
27.5
PEG
—
  • Operating margin expanded 121 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.0%-7.9% 120130118
Operating profit +9.6%+1.0% 21.020.819.2
OPM % +121 bps+154 bps 17.5%16.0%16.3%
Other income -100.0%-100.0% 0.00.40.4
Net profit? -1.0%+2.2% 12.011.712.1
PAT margin % -31 bps+99 bps 10.0%9.0%10.3%
EPS (₹) -7.8%-4.5% 6.536.847.08

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹16.0 Cr: core business ₹16.0 Cr, other income ₹0.0 Cr.

Core profit YoY: +14.3% · reported profit -1.0%

Against its own trend ?

TrendActualGap
Sales₹147₹120 -18.2% below
Net profit₹11.8₹12.0 +1.4% in line
📊 Investor presentation (21 Jul) Detailed financials →

Thirumalai Chemicals Limited

TIRUMALCHM · Chemicals · Q2 FY26 · Consolidated
M Cap
₹1,717 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Operating margin contracted 539 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -15.2%-1.0% 445450525
Operating profit to lossloss narrowed -3.6-26.724.0
OPM % -539 bps+512 bps -0.8%-5.9%4.6%
Other income -6.8%+281.4% 8.42.29.0
Net profit? to lossloss narrowed -33.4-60.05.0
PAT margin % -845 bps+583 bps -7.5%-13.3%1.0%
EPS (₹) to lossloss narrowed -3.07-5.860.48

Quality of profit

Pre-tax profit −₹43.8 Cr: core business −₹52.2 Cr, other income ₹8.4 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹66.0 Cr.

Borrowings ₹1,786 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹493₹445 -9.6% below
Detailed financials →

Beta Drugs Limited

BETA · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹1,716 Cr
P/E
30.0
PEG
2.72
₹ CrQoQ Sep 2025Jun 2025
Sales +103.6% 204100
Operating profit +105.1% 41.020.0
OPM % +14 bps 20.1%20.0%
Other income +99.2% 6.03.0
Net profit? +99.3% 23.912.0
PAT margin % -25 bps 11.7%12.0%
EPS (₹) +308.8% 47.3811.59

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹32.1 Cr: core business ₹26.1 Cr, other income ₹6.0 Cr.

Cash & debt

FY25 cash from operations ₹36.0 Cr.

Borrowings ₹138 Cr at Mar 2025.

📊 Investor presentation (27 Jul) Detailed financials →

EPACK Durable Limited

EPACK · Consumer Durables & Appliances · Q2 FY26 · Consolidated
M Cap
₹1,711 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -253% below its own trend
  • Operating margin contracted 1620 bps YoY
  • FY25 operating cash flow was only 39% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -43.4%-67.8% 213662377
Operating profit -99.1%-99.0% 0.554.662.0
OPM % -1620 bps-800 bps 0.3%8.2%16.5%
Other income -33.4%+14.2% 6.25.49.3
Net profit? to lossto loss -22.222.914.9
PAT margin % -1439 bps-1389 bps -10.4%3.5%4.0%
EPS (₹) loss widenedto loss -2.322.39-0.88

Quality of profit

Pre-tax profit −₹28.7 Cr: core business −₹33.2 Cr, other income ₹6.2 Cr, exceptional & other items −₹1.6 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹31.0 Cr: 39% of FY25 net profit of ₹78.7 Cr.

Borrowings ₹416 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹485₹213 -56.1% below
Net profit₹14.5−₹22.2 -253.4% below
📊 Investor presentation (12 Aug) Detailed financials →

Krsnaa Diagnostics Limited

KRSNAA · Hospitals & Healthcare Services · Q2 FY26 · Consolidated
M Cap
₹1,707 Cr
P/E
17.5
PEG
0.97
  • Operating margin expanded 221 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +10.5%+6.7% 206193186
Operating profit +19.7%+15.1% 59.251.449.4
OPM % +221 bps+208 bps 28.7%26.6%26.5%
Other income -8.9%+5.9% 4.24.04.6
Net profit? +22.2%+16.7% 23.920.519.6
PAT margin % +111 bps+99 bps 11.6%10.6%10.5%
EPS (₹) +21.6%+16.2% 7.386.356.07

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹31.6 Cr: core business ₹27.4 Cr, other income ₹4.2 Cr.

Core profit YoY: +31.6% · reported profit +22.2%

Cash & debt

FY25 cash from operations ₹87.0 Cr: 112% of FY25 net profit of ₹77.6 Cr.

Borrowings ₹204 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹210₹206 -1.9% in line
Net profit₹25.9₹23.9 -7.5% in line
📊 Investor presentation (14 Aug) Detailed financials →

PTC India Financial Services Limited

PFS · NBFC & Finance Companies · Q2 FY26 · Standalone
M Cap
₹1,707 Cr
P/E
7.6
PEG
0.35
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -19.0%-7.0% 132142163
Net interest income -7.5%-3.9% 74.077.080.0
Other income —— 0.00.00.0
Net profit +87.2%-35.8% 88.013747.0
EPS (₹) +85.1%-35.7% 1.372.130.74

Against its own trend ?

TrendActualGap
NII₹73.9₹74.0 +0.2% in line
Net profit₹94.0₹88.0 -6.4% in line
📊 Investor presentation (05 May) Detailed financials →

HPL Electric & Power Limited

HPL · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹1,698 Cr
P/E
18.5
PEG
0.39
  • Profit -42% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.9%+13.4% 434383422
Operating profit +8.0%+13.6% 65.958.061.0
OPM % +71 bps+3 bps 15.2%15.1%14.5%
Other income -16.8%-29.6% 0.81.21.0
Net profit? +1.6%+21.0% 22.418.522.0
PAT margin % -7 bps+32 bps 5.1%4.8%5.2%
EPS (₹) +3.3%+20.6% 3.462.873.35

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹30.5 Cr: core business ₹29.7 Cr, other income ₹0.8 Cr.

Core profit YoY: +5.9% · reported profit +1.6%

Cash & debt

FY25 cash from operations ₹138 Cr: 146% of FY25 net profit of ₹94.4 Cr.

Borrowings ₹639 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹472₹434 -7.9% below
Net profit₹38.7₹22.4 -42.2% below
📊 Investor presentation (10 Aug) Detailed financials →

Genesys International Corporation Limited

GENESYS · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹1,697 Cr
P/E
54.1
PEG
2.08
  • Profit -15% below its own trend
  • Operating margin contracted 181 bps YoY
  • 25% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -26%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +6.8%+8.6% 76.970.972.0
Operating profit +2.1%+1.7% 30.029.529.4
OPM % -181 bps-264 bps 39.0%41.6%40.8%
Other income +285.5%+201.6% 3.81.31.0
Net profit? +8.7%+72.8% 12.17.011.1
PAT margin % +26 bps+582 bps 15.7%9.8%15.4%
EPS (₹) +3.2%+65.1% 2.891.752.80

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹15.1 Cr: core business ₹11.3 Cr, other income ₹3.8 Cr.

Core profit YoY: -26.1% · reported profit +8.7%

Cash & debt

FY25 cash from operations −₹53.0 Cr: -100% of FY25 net profit of ₹53.0 Cr.

Borrowings ₹122 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹94.4₹76.9 -18.5% below
Net profit₹14.2₹12.1 -15.4% below
Detailed financials →

Vidhi Specialty Food Ingredients Limited

VIDHIING · Dyes & Pigments · Q2 FY26 · Standalone
M Cap
₹1,692 Cr
P/E
31.9
PEG
3.54
  • Profit -16% below its own trend
  • Operating margin expanded 752 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -17.6%-14.8% 75.088.091.0
Operating profit +20.0%-14.3% 18.021.015.0
OPM % +752 bps+14 bps 24.0%23.9%16.5%
Other income +0.0%— 1.00.01.0
Net profit +10.0%-15.4% 11.013.010.0
PAT margin % +368 bps-11 bps 14.7%14.8%11.0%
EPS (₹) +2.9%-16.1% 2.142.552.08

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹15.0 Cr: core business ₹15.0 Cr, other income ₹1.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +15.4% · reported profit +10.0%

Cash & debt

FY25 cash from operations −₹5.0 Cr: -12% of FY25 net profit of ₹43.5 Cr.

Borrowings ₹66.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹116₹75.0 -35.3% below
Net profit₹13.2₹11.0 -16.4% below
📊 Investor presentation (29 Jul) Detailed financials →

Insecticides (India) Limited

INSECTICID · Pesticides & Agrochemicals · Q2 FY26 · Consolidated
M Cap
₹1,690 Cr
P/E
13.5
PEG
0.45
  • Profit -24% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.7%-7.7% 638691627
Operating profit -0.6%+5.8% 89.584.690.0
OPM % -32 bps+179 bps 14.0%12.2%14.4%
Other income +25.4%-32.3% 2.53.72.0
Net profit? -3.1%+1.7% 59.158.161.0
PAT margin % -46 bps+86 bps 9.3%8.4%9.7%
EPS (₹) -3.9%+1.7% 20.3119.9721.13

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹78.9 Cr: core business ₹76.0 Cr, other income ₹2.5 Cr.

Core profit YoY: -6.2% · reported profit -3.1%

Cash & debt

FY25 cash from operations ₹93.0 Cr: 66% of FY25 net profit of ₹141 Cr.

Borrowings ₹105 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹643₹638 -0.9% in line
Net profit₹78.3₹59.1 -24.5% below
📊 Investor presentation (11 Aug) Detailed financials →

Hinduja Global Solutions Limited

HGS · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹1,683 Cr
P/E
430.5
PEG
—
  • Operating margin contracted 370 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -56.9%-55.6% 4691,0561,087
Operating profit to lossto loss -2.729.034.0
OPM % -370 bps-331 bps -0.6%2.7%3.1%
Other income -43.7%-64.3% 67.6189120
Net profit? loss narrowedto loss -27.111.0-51.0
PAT margin % -109 bps-682 bps -5.8%1.0%-4.7%
EPS (₹) loss narrowedto loss -5.823.75-9.74

Quality of profit

Pre-tax profit −₹22.7 Cr: core business −₹90.3 Cr, other income ₹67.6 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹457 Cr: 457% of FY25 net profit of ₹100 Cr.

Borrowings ₹1,943 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,026₹469 -54.3% below
📊 Investor presentation (10 Aug) Detailed financials →

Creative Newtech Limited

CNL · Trading & Distribution · Q2 FY26 · Consolidated
M Cap
₹1,682 Cr
P/E
22.8
PEG
—
  • Profit +14% above its own trend
  • Core business grew faster than reported profit (core profit +94%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +59.4%+66.9% 656393411
Operating profit +87.2%+111.2% 23.010.912.3
OPM % +52 bps+73 bps 3.5%2.8%3.0%
Other income -24.0%-5.3% 4.04.25.3
Net profit? +43.7%+86.6% 19.010.213.2
PAT margin % -32 bps+30 bps 2.9%2.6%3.2%
EPS (₹) +60.8%+113.2% 12.625.927.85

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹22.0 Cr: core business ₹19.0 Cr, other income ₹4.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +94.1% · reported profit +43.7%

Against its own trend ?

TrendActualGap
Sales₹531₹656 +23.6% above
Net profit₹16.7₹19.0 +13.7% above
Detailed financials →

Jindal Drilling And Industries Limited

JINDRILL · Oil & Gas Exploration & Services · Q2 FY26 · Consolidated
M Cap
₹1,680 Cr
P/E
8.8
PEG
0.28
  • Profit +147% above its own trend
  • Operating margin expanded 2078 bps YoY
  • 70% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +372%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +38.0%-6.3% 238254172
Operating profit +196.3%-13.3% 92.610731.2
OPM % +2078 bps-315 bps 38.9%42.0%18.1%
Other income +321.2%— 1218.528.7
Net profit? +284.5%+100.5% 13366.134.5
PAT margin % +3569 bps+2966 bps 55.7%26.0%20.0%
EPS (₹) +284.3%+100.5% 45.7322.8111.90

Quality of profit

Core 30%Other income & one-offs 70%

Pre-tax profit ₹173 Cr: core business ₹52.6 Cr, other income ₹121 Cr.

Core profit YoY: +371.6% · reported profit +284.5%

Cash & debt

FY25 cash from operations ₹864 Cr: 399% of FY25 net profit of ₹216 Cr.

Borrowings ₹164 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹220₹238 +8.4% above
Net profit₹53.7₹133 +146.7% above
Detailed financials →

Insolation Energy Limited

INA · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹1,679 Cr
P/E
8.6
PEG
—
  • 71% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +14.6% 415362
Operating profit -21.1% 45.057.0
OPM % -490 bps 10.8%15.7%
Other income — 11.01.0
Net profit? -14.0% 37.043.0
PAT margin % -296 bps 8.9%11.9%
EPS (₹) -13.8% 1.681.95

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹97.0 Cr: core business ₹28.4 Cr, other income ₹11.0 Cr, exceptional & other items ₹57.6 Cr.

📊 Investor presentation (21 Aug) 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, the year's cash-flow statement with the March results and the half-year's (April to September) with the September results.

Management guidance. When a company files the transcript of its earnings call, we read what its management said to expect: revenue or profit growth, margins, capex and the like, for this financial year or part of it. A figure is kept only when the sentence that states it is found in the transcript, and you can read it under "What management said". Growth and margins are then set beside the actual so far: the year-to-date quarters against the same quarters a year earlier (so the first half is measured against a full-year figure). Within 1 percentage point of the range for growth, or 0.5 for margins, is "on track"; above it "ahead", below it "behind". A new figure for the same period is marked raised or cut against the one before. This is what management said, not a forecast of ours.

Working capital. Inventory, trade receivables and trade payables from the same balance sheets, each also as days of sales (the amount against the twelve months' sales to that date, times 365). Receivables or inventory that grow 25 points or more faster than sales between two balance sheets (and by at least 20%) are flagged: money tied up in customers and stock is profit not yet in cash. These lines are read from filings since the September 2026 results, so comparisons with an earlier balance sheet start with the March 2027 results for most companies.

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