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 14 Oct 2026, 05:10 IST 5073 declared
The next results season has started: 45 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 41 of 45

Octavius Plantations Ltd

542938 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +186% above its own trend
  • Operating margin expanded 556 bps YoY
  • 43% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -60%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -56.5%+7.9% 6.05.613.8
Operating profit +200.0%-27.8% 0.40.50.1
OPM % +556 bps-321 bps 6.5%9.7%0.9%
Other income —-40.0% 0.00.10.0
Net profit +42.9%-64.3% 0.10.30.1
PAT margin % +116 bps-337 bps 1.7%5.0%0.5%
EPS (₹) +43.5%-64.5% 0.330.930.23

Quality of profit

Core 57%Other income & one-offs 43%

Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.

Core profit YoY: -60.0% · reported profit +42.9%

Cash & debt

FY25 cash from operations −₹5.0 Cr: -571% of FY25 net profit of ₹0.9 Cr.

Borrowings ₹8.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹12.0₹6.0 -50.1% below
Net profit₹0.0₹0.1 +185.7% above

SM Auto Stamping Ltd

543065 · H1 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +292% above its own trend
  • Operating margin expanded 103 bps YoY
  • 84% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +10.5%-3.9% 34.135.530.9
Operating profit +65.6%-67.7% 1.13.30.6
OPM % +103 bps-614 bps 3.1%9.2%2.1%
Other income -13.4%-52.5% 0.61.20.7
Net profit? +203.8%-72.3% 0.82.90.3
PAT margin % +147 bps-572 bps 2.3%8.0%0.8%
EPS (₹) +205.3%-72.1% 0.582.080.19

Quality of profit

Core 16%Other income & one-offs 84%

Pre-tax profit ₹0.7 Cr: core business ₹0.1 Cr, other income ₹0.6 Cr.

Core profit YoY: from loss · reported profit +203.8%

Cash & debt

FY25 cash from operations ₹1.2 Cr.

Borrowings ₹2.5 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹30.7₹34.1 +11.1% above
Net profit₹0.2₹0.8 +292.0% above

Altius Telecom Infrastructure Trust

543225 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +64% above its own trend
  • Operating margin expanded 167 bps YoY
  • 30% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +51.2%+0.8% 6,0806,0304,022
Operating profit +57.6%+1.1% 2,4842,4571,576
OPM % +167 bps+11 bps 40.9%40.7%39.2%
Other income +143.9%+51.5% 10066.041.0
Net profit? +33.3%+23.3% 280227210
PAT margin % -62 bps+84 bps 4.6%3.8%5.2%
EPS (₹) +33.3%+24.3% 0.920.740.69

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹334 Cr: core business ₹233 Cr, other income ₹100 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +25.3% · reported profit +33.3%

Cash & debt

FY25 cash from operations ₹7,066 Cr: 841% of FY25 net profit of ₹840 Cr.

Borrowings ₹50,670 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,922₹6,080 -12.2% below
Net profit₹171₹280 +63.9% above

Samrat Forgings Ltd

543229 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -75% below its own trend
  • Operating margin contracted 292 bps YoY
  • 40% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +2.6%+2.4% 51.850.650.5
Operating profit -27.2%-13.8% 3.74.35.1
OPM % -292 bps-134 bps 7.1%8.5%10.1%
Other income +108.7%+140.0% 0.50.20.2
Net profit -56.7%-22.9% 0.81.11.9
PAT margin % -214 bps-51 bps 1.6%2.1%3.7%
EPS (₹) -56.7%-22.9% 1.622.103.74

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹1.2 Cr: core business ₹0.7 Cr, other income ₹0.5 Cr.

Core profit YoY: -70.7% · reported profit -56.7%

Cash & debt

FY25 cash from operations ₹20.0 Cr: 392% of FY25 net profit of ₹5.1 Cr.

Borrowings ₹89.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹61.2₹51.8 -15.4% below
Net profit₹3.3₹0.8 -75.1% below

Veer Global Infraconstruction Ltd

543241 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 4206 bps YoY
  • 43% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -48.9%+31.9% 1.61.23.1
Operating profit +112.2%— 0.90.10.4
OPM % +4206 bps+4953 bps 55.4%5.9%13.4%
Other income -68.7%-79.6% 0.31.51.0
Net profit -43.0%+305.9% 0.70.21.2
PAT margin % +454 bps+2966 bps 43.9%14.3%39.4%
EPS (₹) -43.2%+320.0% 0.420.100.74

Quality of profit

Core 56%Other income & one-offs 44%

Pre-tax profit ₹0.7 Cr: core business ₹0.4 Cr, other income ₹0.3 Cr.

Core profit YoY: -2.5% · reported profit -43.0%

Cash & debt

FY25 cash from operations −₹5.4 Cr: -199% of FY25 net profit of ₹2.7 Cr.

Borrowings ₹16.9 Cr at Mar 2025.

EKI Energy Services Ltd

543284 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Operating margin expanded 447 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -75.5%+134.7% 35.114.9143
Operating profit +96.7%from loss 1.8-3.80.9
OPM % +447 bps+3047 bps 5.1%-25.4%0.6%
Other income -31.9%-40.8% 4.16.96.0
Net profit? to lossloss widened -2.9-1.34.2
PAT margin % -1116 bps+42 bps -8.2%-8.6%2.9%
EPS (₹) to lossloss widened -0.78-0.261.46

Quality of profit

Pre-tax profit ₹0.2 Cr: core business −₹3.8 Cr, other income ₹4.1 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹43.0 Cr.

Borrowings ₹1.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹127₹35.1 -72.4% below

AA Plus Tradelink Ltd

543319 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +999% above its own trend
  • Operating margin expanded 902 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +308.7%-18.9% 6.17.61.5
Operating profit loss narrowedloss narrowed -0.1-0.1-0.1
OPM % +902 bps+61 bps -1.0%-1.6%-10.0%
Other income +216.7%-45.7% 0.61.10.2
Net profit —-14.3% 0.50.60.0
PAT margin % +583 bps+42 bps 7.8%7.4%2.0%
EPS (₹) —+0.0% 0.020.020.00

Quality of profit

Pre-tax profit ₹0.5 Cr: core business −₹0.1 Cr, other income ₹0.6 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹27.4 Cr.

Borrowings ₹0.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.8₹6.1 +717.3% above
Net profit₹0.0₹0.5 +999.0% above

Aashka Hospitals Ltd

543346 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -76% below its own trend
  • Operating margin contracted 1595 bps YoY
  • 98% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -99%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -15.5%+1.6% 10.410.312.4
Operating profit -52.8%from loss 2.1-0.24.5
OPM % -1595 bps+2225 bps 20.2%-2.0%36.2%
Other income —-78.6% 0.94.20.1
Net profit -51.9%-52.7% 0.81.61.6
PAT margin % -564 bps-858 bps 7.5%16.1%13.1%
EPS (₹) -52.2%-53.5% 0.330.710.69

Quality of profit

Core 2%Other income & one-offs 98%

Pre-tax profit ₹0.9 Cr: core business ₹0.0 Cr, other income ₹0.9 Cr.

Core profit YoY: -98.9% · reported profit -51.9%

Cash & debt

FY25 cash from operations ₹9.2 Cr.

Borrowings ₹12.6 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹12.3₹10.4 -15.4% below
Net profit₹3.2₹0.8 -75.9% below

Getalong Enterprise Ltd

543372 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 9011 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -73.5%-77.4% 0.31.11.0
Operating profit to lossto loss -0.00.90.8
OPM % -9011 bps-8806 bps -11.5%76.5%78.6%
Other income -18.2%+0.0% 0.20.20.2
Net profit -87.2%-86.8% 0.10.90.9
PAT margin % -4976 bps-3298 bps 46.2%79.1%95.9%
EPS (₹) -87.2%-87.0% 0.060.460.47

Quality of profit

Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.2 Cr.

Core profit YoY: to loss · reported profit -87.2%

Cash & debt

FY25 cash from operations −₹0.7 Cr.

Borrowings ₹1.3 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1.9₹0.3 -86.1% below

Alkosign Ltd

543453 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 994 bps YoY
  • 40% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -5.6%+76.2% 26.314.927.9
Operating profit -59.7%-26.4% 1.92.64.8
OPM % -994 bps-1032 bps 7.4%17.7%17.3%
Other income +6.7%from loss 0.2-0.20.1
Net profit -88.2%-15.2% 0.40.53.3
PAT margin % -1038 bps-160 bps 1.5%3.1%11.9%
EPS (₹) -88.2%-16.3% 0.360.433.06

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹0.4 Cr: core business ₹0.2 Cr, other income ₹0.2 Cr.

Core profit YoY: -92.4% · reported profit -88.2%

Cash & debt

FY25 cash from operations ₹0.8 Cr.

Borrowings ₹12.6 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹32.8₹26.3 -19.6% below

Safa Systems & Technologies Ltd

543461 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
  • Profit grew faster than the core business (core profit -100%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -36.7%-22.3% 181233286
Operating profit -50.0%+100.0% 2.01.04.0
OPM % -29 bps+68 bps 1.1%0.4%1.4%
Other income —-50.0% 1.02.00.0
Net profit +0.0%+0.0% 1.01.01.0
PAT margin % +20 bps+12 bps 0.6%0.4%0.3%
EPS (₹) -33.3%+36.4% 0.300.220.45

Quality of profit

Core 0%Other income & one-offs 100%

Pre-tax profit ₹1.0 Cr: core business ₹0.0 Cr, other income ₹1.0 Cr.

Core profit YoY: -100.0% · reported profit +0.0%

Cash & debt

FY25 cash from operations ₹6.0 Cr.

Borrowings ₹39.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹255₹181 -29.0% below
Net profit₹1.0₹1.0 +0.0% in line

Achyut Healthcare Ltd

543499 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • 69% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales -17.5% 2.53.1
Operating profit +14.3% 0.10.1
OPM % +87 bps 3.1%2.3%
Other income +37.5% 0.10.1
Net profit +20.0% 0.10.1
PAT margin % +147 bps 4.7%3.2%
EPS (₹) — 0.010.00

Quality of profit

Core 31%Other income & one-offs 69%

Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.

Cash & debt

FY25 cash from operations −₹4.1 Cr.

Borrowings nil at Mar 2025.

Evoq Remedies Ltd

543500 · H1 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
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales —+116.9% 25.511.80.0
Operating profit loss narrowedloss widened -0.9-0.6-1.6
OPM % —+138 bps -3.7%-5.1%—
Other income —-55.8% 1.12.40.0
Net profit from loss-97.1% 0.11.7-1.6
PAT margin % —-1434 bps 0.2%14.5%—
EPS (₹) from loss-97.1% 0.020.69-0.65

Quality of profit

Pre-tax profit ₹0.1 Cr: core business −₹1.0 Cr, other income ₹1.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹14.6 Cr.

Borrowings nil at Mar 2025.

Goel Food Products Ltd

543538 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 613 bps YoY
  • 95% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -60%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +8.7%-47.2% 8.716.58.0
Operating profit -18.1%-77.4% 1.67.22.0
OPM % -613 bps-2496 bps 18.7%43.7%24.8%
Other income +40.4%+73.9% 0.80.50.6
Net profit -12.0%-90.4% 0.44.60.5
PAT margin % -119 bps-2257 bps 5.1%27.6%6.2%
EPS (₹) -14.8%-90.5% 0.232.420.27

Quality of profit

Core 5%Other income & one-offs 95%

Pre-tax profit ₹0.8 Cr: core business ₹0.0 Cr, other income ₹0.8 Cr.

Core profit YoY: -60.0% · reported profit -12.0%

Cash & debt

FY25 cash from operations ₹7.7 Cr.

Borrowings ₹26.4 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7.9₹8.7 +10.4% above
Net profit₹0.4₹0.4 +6.6% in line

Kesar India Ltd

543542 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • 50% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +3.0% 15.014.6
Operating profit +36.4% 3.02.2
OPM % +490 bps 20.0%15.1%
Other income -100.0% 0.00.1
Net profit +117.4% 1.00.5
PAT margin % +351 bps 6.7%3.2%
EPS (₹) +110.5% 0.400.19

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹2.0 Cr: core business ₹1.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.

Cash & debt

FY25 cash from operations −₹10.0 Cr.

Borrowings ₹27.0 Cr at Mar 2025.

EP Biocomposites Ltd

543595 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -54% below its own trend
  • Operating margin contracted 499 bps YoY
  • 58% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -81%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -7.5%-46.4% 4.17.64.4
Operating profit -49.0%-80.6% 0.21.30.5
OPM % -499 bps-1083 bps 6.1%17.0%11.1%
Other income +40.0%+16.7% 0.10.10.1
Net profit -57.1%-89.2% 0.10.80.2
PAT margin % -256 bps-871 bps 2.2%10.9%4.8%
EPS (₹) -56.8%-89.1% 0.544.941.25

Quality of profit

Core 42%Other income & one-offs 58%

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

Core profit YoY: -81.5% · reported profit -57.1%

Cash & debt

FY25 cash from operations −₹0.5 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4.6₹4.1 -11.0% below
Net profit₹0.2₹0.1 -53.6% below

Trident Lifeline Ltd

543616 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +20% above its own trend
  • Operating margin contracted 150 bps YoY
  • 27% 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 +82.8%+124.5% 53.023.629.0
Operating profit +71.4%+132.1% 12.05.27.0
OPM % -150 bps+74 bps 22.6%21.9%24.1%
Other income +200.0%+122.2% 3.01.41.0
Net profit? +100.0%+187.8% 8.02.84.0
PAT margin % +130 bps+332 bps 15.1%11.8%13.8%
EPS (₹) +47.3%+159.8% 6.912.664.69

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹11.0 Cr: core business ₹8.0 Cr, other income ₹3.0 Cr.

Core profit YoY: +60.0% · reported profit +100.0%

Cash & debt

FY25 cash from operations −₹10.0 Cr.

Borrowings ₹54.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹50.0₹53.0 +6.0% above
Net profit₹6.7₹8.0 +20.0% above
📊 Investor presentation (03 Aug)

Vedant Asset Ltd

543623 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +26% above its own trend
  • Operating margin expanded 714 bps YoY
  • 50% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +40.8%+7.8% 2.11.91.5
Operating profit +533.3%+18.8% 0.20.20.0
OPM % +714 bps+85 bps 9.2%8.3%2.0%
Other income -48.1%-22.2% 0.10.20.3
Net profit +15.8%+633.3% 0.20.00.2
PAT margin % -230 bps+907 bps 10.6%1.6%12.9%
EPS (₹) +15.9%+627.3% 0.800.110.69

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹0.3 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.

Core profit YoY: from loss · reported profit +15.8%

Cash & debt

FY25 cash from operations −₹0.9 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2.0₹2.1 +5.6% above
Net profit₹0.2₹0.2 +26.3% above

Pace E-Commerce Ventures Ltd

543637 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • 33% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +61.5%-8.7% 42.046.026.0
Operating profit +50.0%+50.0% 3.02.02.0
OPM % -55 bps+280 bps 7.1%4.3%7.7%
Other income +0.0%+0.0% 1.01.01.0
Net profit +100.0%+0.0% 2.02.01.0
PAT margin % +92 bps+41 bps 4.8%4.3%3.8%
EPS (₹) +58.3%+17.3% 0.950.810.60

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹3.0 Cr: core business ₹2.0 Cr, other income ₹1.0 Cr.

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

Cash & debt

FY25 cash from operations −₹2.0 Cr.

Borrowings ₹12.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹45.9₹42.0 -8.6% below

DAPS Advertising Ltd

543651 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • 42% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +35%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +22.7%-11.0% 9.811.18.0
Operating profit +39.5%-46.5% 0.51.00.4
OPM % +65 bps-357 bps 5.4%9.0%4.7%
Other income -10.7%+4.2% 0.20.20.3
Net profit +12.5%-42.3% 0.50.80.4
PAT margin % -41 bps-249 bps 4.6%7.1%5.0%
EPS (₹) +13.0%-42.4% 0.871.510.77

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹0.6 Cr: core business ₹0.4 Cr, other income ₹0.2 Cr.

Core profit YoY: +34.6% · reported profit +12.5%

Cash & debt

FY25 cash from operations ₹2.7 Cr.

Borrowings ₹0.1 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7.6₹9.8 +29.4% above
Net profit₹0.4₹0.5 +4.9% in line

Droneacharya Aerial Innovations Ltd

543713 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 3566 bps YoY
  • 47% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -22%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -64.4%+25.7% 9.67.626.9
Operating profit +36.7%from loss 4.6-18.63.4
OPM % +3566 bps— 48.2%—12.6%
Other income +57.9%-15.5% 1.21.40.8
Net profit +20.5%from loss 1.9-15.11.6
PAT margin % +1427 bps— 20.3%—6.0%
EPS (₹) +20.9%from loss 0.81-6.290.67

Quality of profit

Core 54%Other income & one-offs 46%

Pre-tax profit ₹2.6 Cr: core business ₹1.4 Cr, other income ₹1.2 Cr.

Core profit YoY: -22.0% · reported profit +20.5%

Cash & debt

FY25 cash from operations −₹7.1 Cr.

Borrowings ₹3.2 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹24.5₹9.6 -60.9% below

Dharni Capital Services Ltd

543753 · H1 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 831 bps YoY
  • 57% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +52.7%+23.9% 4.53.62.9
Operating profit +19.6%-8.8% 1.31.51.1
OPM % -831 bps-1079 bps 30.0%40.8%38.4%
Other income +16.3%+35.5% 1.61.21.4
Net profit? +24.9%+15.5% 2.32.01.9
PAT margin % -1156 bps-376 bps 51.8%55.6%63.4%
EPS (₹) +24.2%+15.3% 1.130.980.91

Quality of profit

Core 43%Other income & one-offs 57%

Pre-tax profit ₹2.9 Cr: core business ₹1.2 Cr, other income ₹1.6 Cr.

Core profit YoY: +19.0% · reported profit +24.9%

Cash & debt

FY25 cash from operations ₹0.3 Cr.

Borrowings ₹2.1 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2.4₹4.5 +83.4% above
Net profit₹2.3₹2.3 +0.6% in line

Patron Exim Ltd

543798 · H1 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
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales —-2.6% 23.724.40.0
Operating profit loss narrowedto loss -0.00.3-0.5
OPM % —-119 bps -0.1%1.1%—
Other income -82.6%-55.6% 0.00.10.2
Net profit from loss-96.9% 0.00.3-0.3
PAT margin % —-127 bps 0.0%1.3%—
EPS (₹) loss narrowed-100.0% 0.000.14-0.12

Quality of profit

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

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹0.0 Cr.

Borrowings ₹0.2 Cr at Mar 2025.

S. V. J. ENTERPRISES Ltd

543799 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 1418 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -79.9%-73.5% 0.62.22.9
Operating profit -62.5%-66.0% 0.20.50.5
OPM % +1418 bps+674 bps 30.5%23.8%16.3%
Other income +90.0%+11.8% 0.20.20.1
Net profit -69.4%-38.9% 0.10.20.4
PAT margin % +640 bps+1057 bps 18.6%8.1%12.2%
EPS (₹) -69.2%-37.5% 0.200.320.65

Quality of profit

Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.

Core profit YoY: to loss · reported profit -69.4%

Cash & debt

FY25 cash from operations −₹1.4 Cr.

Borrowings ₹4.8 Cr at Mar 2025.

ITCONS E-Solutions Ltd

543806 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +27% above its own trend
  • Operating margin contracted 326 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +61%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +129.1%+4.5% 40.238.517.5
Operating profit +54.3%+13.4% 2.72.41.8
OPM % -326 bps+53 bps 6.7%6.2%10.0%
Other income +97.6%+18.6% 0.80.70.4
Net profit +115.5%+41.8% 2.82.01.3
PAT margin % -44 bps+182 bps 6.9%5.1%7.4%
EPS (₹) +79.4%+31.7% 4.613.502.57

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹3.0 Cr: core business ₹2.2 Cr, other income ₹0.8 Cr.

Core profit YoY: +61.0% · reported profit +115.5%

Cash & debt

FY25 cash from operations −₹22.9 Cr.

Borrowings ₹3.7 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹33.5₹40.2 +20.0% above
Net profit₹2.2₹2.8 +27.0% above

Sudarshan Pharma Industries Ltd

543828 · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 475 bps YoY
  • 50% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -75%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +31.0%+16.6% 169145129
Operating profit -30.8%-18.2% 9.011.013.0
OPM % -475 bps-226 bps 5.3%7.6%10.1%
Other income from loss+100.0% 2.01.0-1.0
Net profit? -33.3%+0.0% 4.04.06.0
PAT margin % -228 bps-39 bps 2.4%2.8%4.7%
EPS (₹) -29.2%+0.0% 0.170.170.24

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹4.0 Cr: core business ₹2.0 Cr, other income ₹2.0 Cr.

Core profit YoY: -75.0% · reported profit -33.3%

Cash & debt

FY25 cash from operations ₹35.0 Cr: 233% of FY25 net profit of ₹15.0 Cr.

Borrowings ₹171 Cr at Mar 2025.

📊 Investor presentation (18 Aug)

Maiden Forgings Ltd

543874 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -25% below its own trend
  • Operating margin contracted 459 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%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +0.0%+4.8% 109104109
Operating profit -50.0%-50.0% 5.010.010.0
OPM % -459 bps-503 bps 4.6%9.6%9.2%
Other income —+100.0% 2.01.00.0
Net profit -50.0%+0.0% 2.02.04.0
PAT margin % -183 bps-9 bps 1.8%1.9%3.7%
EPS (₹) -48.1%+5.0% 1.481.412.85

Quality of profit

Core 0%Other income & one-offs 100%

Pre-tax profit ₹2.0 Cr: core business ₹0.0 Cr, other income ₹2.0 Cr.

Core profit YoY: -100.0% · reported profit -50.0%

Cash & debt

FY25 cash from operations ₹5.0 Cr.

Borrowings ₹69.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹98.1₹109 +11.2% above
Net profit₹2.7₹2.0 -25.0% below

Hemant Surgical Industries Ltd

543916 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +111% above its own trend
  • Operating margin expanded 434 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +150%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +30.6%+10.3% 64.058.049.0
Operating profit +100.0%+33.3% 8.06.04.0
OPM % +434 bps+216 bps 12.5%10.3%8.2%
Other income +0.0%-33.3% 2.03.02.0
Net profit +66.7%+0.0% 5.05.03.0
PAT margin % +169 bps-81 bps 7.8%8.6%6.1%
EPS (₹) +36.1%-12.4% 4.154.743.05

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹7.0 Cr: core business ₹5.0 Cr, other income ₹2.0 Cr.

Core profit YoY: +150.0% · reported profit +66.7%

Cash & debt

FY25 cash from operations ₹9.0 Cr.

Borrowings ₹31.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹49.5₹64.0 +29.3% above
Net profit₹2.4₹5.0 +110.5% above

Machhar Industries Ltd

543934 · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +100% above its own trend
  • Operating margin expanded 534 bps YoY
  • 67% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -1.7%+1.4% 3.63.53.6
Operating profit —-13.6% 0.20.20.0
OPM % +534 bps-93 bps 5.3%6.3%0.0%
Other income -61.9%+100.0% 0.10.00.2
Net profit +0.0%-81.8% 0.00.10.0
PAT margin % +1 bps-257 bps 0.6%3.1%0.6%
EPS (₹) +0.0%-81.8% 0.271.480.27

Quality of profit

Core 33%Other income & one-offs 67%

Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.1 Cr.

Core profit YoY: from loss · reported profit +0.0%

Cash & debt

FY25 cash from operations ₹0.2 Cr: 119% of FY25 net profit of ₹0.2 Cr.

Borrowings ₹2.4 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3.0₹3.6 +19.2% above
Net profit₹0.0₹0.0 +100.0% above

Alphalogic Industries Ltd

543937 · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +11% above its own trend
  • Operating margin expanded 564 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -36.9%+8.9% 24.922.939.5
Operating profit +32.7%+135.1% 2.71.12.0
OPM % +564 bps+577 bps 10.8%5.0%5.1%
Other income +29.6%+76.9% 0.90.50.7
Net profit +40.4%+135.8% 2.61.11.8
PAT margin % +568 bps+555 bps 10.3%4.8%4.6%
EPS (₹) +40.0%+135.5% 2.521.071.80

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹3.5 Cr: core business ₹2.5 Cr, other income ₹0.9 Cr.

Core profit YoY: +47.1% · reported profit +40.4%

Cash & debt

FY25 cash from operations ₹3.5 Cr.

Borrowings ₹0.8 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹55.8₹24.9 -55.3% below
Net profit₹2.3₹2.6 +11.1% above

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