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, 05:28 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 42 of 170

Vikran Engineering Limited

VIKRAN · Construction & Infrastructure · Q2 FY26 · Standalone
M Cap
₹1,557 Cr
P/E
—
PEG
—
  • 40% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +10.7% 176159
Operating profit +8.7% 25.023.0
OPM % -26 bps 14.2%14.5%
Other income +200.0% 3.01.0
Net profit +50.0% 9.06.0
PAT margin % +134 bps 5.1%3.8%
EPS (₹) +12.9% 0.350.31

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹10.0 Cr: core business ₹6.0 Cr, other income ₹3.0 Cr, exceptional & other items ₹1.0 Cr.

📊 Investor presentation (13 Aug) Detailed financials →

M & B Engineering Limited

MBEL · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹1,556 Cr
P/E
16.1
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +29.1% 307238
Operating profit +17.0% 34.529.5
OPM % -116 bps 11.2%12.4%
Other income -44.7% 2.34.2
Net profit? +23.7% 22.217.9
PAT margin % -32 bps 7.2%7.6%
EPS (₹) +13.4% 4.073.59

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹28.8 Cr: core business ₹26.4 Cr, other income ₹2.3 Cr.

📊 Investor presentation (10 Aug) Detailed financials →

Accelya Solutions India Limited

ACCELYA · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹1,547 Cr
P/E
16.4
PEG
0.86
  • Profit -13% below its own trend
  • Operating margin contracted 263 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.1%+3.4% 136132127
Operating profit -0.2%-5.4% 48.451.248.5
OPM % -263 bps-330 bps 35.6%38.9%38.2%
Other income -12.0%+3.9% 3.02.93.4
Net profit? -8.8%-12.8% 29.633.932.5
PAT margin % -380 bps-403 bps 21.7%25.8%25.5%
EPS (₹) -8.8%-12.8% 19.8422.7421.75

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹39.8 Cr: core business ₹36.8 Cr, other income ₹3.0 Cr.

Core profit YoY: -8.4% · reported profit -8.8%

Cash & debt

Borrowings ₹62.0 Cr at Jun 2025.

Against its own trend ?

TrendActualGap
Sales₹132₹136 +3.4% in line
Net profit₹33.9₹29.6 -12.6% below
Detailed financials →

Indo Borax & Chemicals Limited

INDOBORAX · Chemicals · Q2 FY26 · Consolidated
M Cap
₹1,544 Cr
P/E
27.4
PEG
—
  • Profit +81% above its own trend
  • Operating margin contracted 603 bps YoY
  • 57% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹9.3 Cr in the quarter
  • Profit grew faster than the core business (core profit +12%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +52.7%+8.0% 57.853.637.9
Operating profit +14.6%-14.0% 10.512.29.2
OPM % -603 bps-465 bps 18.1%22.8%24.2%
Other income -17.8%+28.0% 3.62.84.3
Net profit? +77.1%+62.0% 16.310.09.2
PAT margin % +387 bps+938 bps 28.1%18.7%24.2%
EPS (₹) +77.3%+62.0% 5.073.132.86

Quality of profit

Core 43%Other income & one-offs 57%

Pre-tax profit ₹22.6 Cr: core business ₹9.6 Cr, other income ₹3.6 Cr, exceptional & other items ₹9.3 Cr.

Core profit YoY: +11.6% · reported profit +77.1%

Cash & debt

FY25 cash from operations −₹72.0 Cr: -170% of FY25 net profit of ₹42.4 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹36.5₹57.8 +58.5% above
Net profit₹9.0₹16.3 +80.8% above
📊 Investor presentation (28 May) Detailed financials →

Yuken India Limited

YUKEN · Engineering & Capital Goods · Q2 FY26 · Consolidated
M Cap
₹1,540 Cr
P/E
99.0
PEG
4.72
  • Profit -19% below its own trend
  • Operating margin contracted 350 bps YoY
  • 93% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -94%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -2.7%+7.6% 113105116
Operating profit -34.2%-34.3% 8.212.512.5
OPM % -350 bps-465 bps 7.3%12.0%10.8%
Other income +17.0%+18.0% 1.00.80.8
Net profit? -27.0%+26.7% 5.14.07.0
PAT margin % -151 bps+69 bps 4.6%3.9%6.1%
EPS (₹) -30.2%+20.8% 3.773.125.40

Quality of profit

Core 7%Other income & one-offs 93%

Pre-tax profit ₹6.6 Cr: core business ₹0.4 Cr, other income ₹1.0 Cr, exceptional & other items ₹5.2 Cr.

Core profit YoY: -93.6% · reported profit -27.0%

Cash & debt

FY25 cash from operations ₹49.0 Cr: 199% of FY25 net profit of ₹24.6 Cr.

Borrowings ₹99.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹118₹113 -4.6% in line
Net profit₹6.3₹5.1 -18.9% below
Detailed financials →

NINtec Systems Limited

NINSYS · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹1,524 Cr
P/E
45.4
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +23.0%+7.4% 41.738.833.9
Operating profit +24.8%+21.6% 10.28.48.2
OPM % +35 bps+287 bps 24.6%21.7%24.2%
Other income -17.5%-65.6% 0.82.41.0
Net profit? +20.8%+2.9% 7.97.76.5
PAT margin % -34 bps-83 bps 18.9%19.7%19.2%
EPS (₹) +20.8%+2.9% 4.244.123.51

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹10.4 Cr: core business ₹9.5 Cr, other income ₹0.8 Cr.

Core profit YoY: +23.9% · reported profit +20.8%

Cash & debt

FY25 cash from operations ₹24.0 Cr: 91% of FY25 net profit of ₹26.3 Cr.

Borrowings ₹2.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹40.2₹41.7 +3.8% in line
Net profit₹8.7₹7.9 -9.4% in line
Detailed financials →

Aeroflex Enterprises Limited

AEROENTER · Iron & Steel · Q2 FY26 · Consolidated
M Cap
₹1,524 Cr
P/E
8.8
PEG
—
  • Profit -14% below its own trend
  • 25% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +24.6%+27.9% 172134138
Operating profit +20.0%+163.7% 30.011.425.0
OPM % -67 bps+898 bps 17.4%8.5%18.1%
Other income -27.3%+10.1% 8.07.311.0
Net profit? -9.1%+38.7% 20.014.422.0
PAT margin % -431 bps+90 bps 11.6%10.7%15.9%
EPS (₹) -5.3%— 1.24—1.31

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹28.0 Cr: core business ₹21.0 Cr, other income ₹8.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +5.0% · reported profit -9.1%

Against its own trend ?

TrendActualGap
Sales₹167₹172 +2.7% in line
Net profit₹23.3₹20.0 -14.3% below
📊 Investor presentation (11 Aug) Detailed financials →

Yatra Online Limited

YATRA · Travel & Tourism · Q2 FY26 · Consolidated
M Cap
₹1,514 Cr
P/E
48.6
PEG
0.55
  • Operating margin expanded 292 bps YoY
  • 30% 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 +48.4%+67.2% 351210236
Operating profit +159.8%+3.5% 23.923.19.2
OPM % +292 bps-419 bps 6.8%11.0%3.9%
Other income -36.1%-9.8% 5.05.67.9
Net profit? +95.5%-10.8% 14.316.07.3
PAT margin % +98 bps-356 bps 4.1%7.6%3.1%
EPS (₹) +97.8%-10.8% 0.911.020.46

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹16.9 Cr: core business ₹11.8 Cr, other income ₹5.0 Cr.

Core profit YoY: from loss · reported profit +95.5%

Cash & debt

FY25 cash from operations −₹89.0 Cr: -243% of FY25 net profit of ₹36.6 Cr.

Borrowings ₹78.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹473₹351 -25.8% below
Net profit₹14.6₹14.3 -2.2% in line
📊 Investor presentation (12 Aug) Detailed financials →

Jai Corp Limited

JAICORPLTD · Plastic Products · Q2 FY26 · Consolidated
M Cap
₹1,512 Cr
P/E
16.5
PEG
0.35
  • Profit +24% above its own trend
  • 59% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +8%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.8%+11.5% 146131144
Operating profit +6.0%+106.1% 17.08.216.0
OPM % +46 bps+532 bps 11.6%6.3%11.1%
Other income +148.7%-80.8% 19.91048.0
Net profit? +56.2%-74.4% 26.710417.1
PAT margin % +636 bps-6118 bps 18.3%79.4%11.9%
EPS (₹) +59.4%-74.2% 1.535.940.96

Quality of profit

Core 41%Other income & one-offs 59%

Pre-tax profit ₹34.0 Cr: core business ₹14.1 Cr, other income ₹19.9 Cr.

Core profit YoY: +8.3% · reported profit +56.2%

Cash & debt

FY25 cash from operations ₹45.0 Cr: 68% of FY25 net profit of ₹66.5 Cr.

Borrowings ₹236 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹153₹146 -4.2% in line
Net profit₹21.5₹26.7 +24.3% above
Detailed financials →

Go Fashion (India) Limited

GOCOLORS · Textiles · Q2 FY26 · Standalone
M Cap
₹1,510 Cr
P/E
28.3
PEG
—
  • 25% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.5%+0.6% 224223209
Operating profit +4.8%-3.0% 66.768.763.6
OPM % -77 bps-110 bps 29.7%30.8%30.5%
Other income +2.5%+39.7% 7.35.27.1
Net profit +5.7%-2.1% 21.822.320.6
PAT margin % -17 bps-26 bps 9.7%10.0%9.9%
EPS (₹) +5.8%-1.9% 4.044.123.82

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹29.0 Cr: core business ₹21.7 Cr, other income ₹7.3 Cr.

Core profit YoY: +3.0% · reported profit +5.7%

Cash & debt

FY25 cash from operations ₹199 Cr: 213% of FY25 net profit of ₹93.5 Cr.

Borrowings ₹507 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹226₹224 -0.8% in line
Net profit₹21.3₹21.8 +2.2% in line
📊 Investor presentation (30 Jul) Detailed financials →

AVT Natural Products Limited

AVTNPL · Packaged Foods & Food Processing · Q2 FY26 · Consolidated
M Cap
₹1,505 Cr
P/E
18.1
PEG
—
  • Profit +82% above its own trend
  • Operating margin expanded 280 bps YoY
  • 38% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +284%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +31.3%+20.8% 160132122
Operating profit +87.3%-5.6% 15.015.98.0
OPM % +280 bps-263 bps 9.4%12.0%6.6%
Other income -0.3%+29.5% 5.03.95.0
Net profit? +106.0%+7.3% 13.012.16.3
PAT margin % +295 bps-102 bps 8.1%9.1%5.2%
EPS (₹) +112.2%+8.7% 0.870.800.41

Quality of profit

Core 62%Other income & one-offs 38%

Pre-tax profit ₹16.0 Cr: core business ₹10.0 Cr, other income ₹5.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +284.0% · reported profit +106.0%

Cash & debt

FY25 cash from operations −₹32.0 Cr: -66% of FY25 net profit of ₹48.2 Cr.

Borrowings ₹113 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹145₹160 +10.6% above
Net profit₹7.2₹13.0 +81.6% above
Detailed financials →

D-Link (India) Limited

DLINKINDIA · Computer Hardware · Q2 FY26 · Consolidated
M Cap
₹1,504 Cr
P/E
13.9
PEG
1.99
  • Profit -18% below its own trend
  • Operating margin contracted 104 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +11.8%+7.6% 377350337
Operating profit -0.1%+13.7% 33.029.033.0
OPM % -104 bps+47 bps 8.8%8.3%9.8%
Other income -9.7%-27.8% 3.65.04.0
Net profit? -6.0%+5.7% 25.424.027.0
PAT margin % -127 bps-12 bps 6.7%6.9%8.0%
EPS (₹) -5.0%+4.1% 7.156.877.53

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹34.4 Cr: core business ₹30.8 Cr, other income ₹3.6 Cr.

Core profit YoY: -0.8% · reported profit -6.0%

Cash & debt

FY25 cash from operations ₹90.0 Cr: 88% of FY25 net profit of ₹102 Cr.

Borrowings ₹4.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹377₹377 +0.0% in line
Net profit₹31.0₹25.4 -18.1% below
Detailed financials →

Som Distilleries & Breweries Limited

SDBL · Breweries & Distilleries · Q2 FY26 · Consolidated
M Cap
₹1,500 Cr
P/E
—
PEG
—
  • Profit -14% below its own trend
  • Operating margin expanded 309 bps YoY
  • FY25 operating cash flow was only 48% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -6.9%-48.9% 270528290
Operating profit +17.6%-43.1% 40.070.434.0
OPM % +309 bps+149 bps 14.8%13.3%11.7%
Other income -100.0%-100.0% 0.01.71.0
Net profit? +5.3%-52.5% 20.042.119.0
PAT margin % +86 bps-56 bps 7.4%8.0%6.6%
EPS (₹) -4.2%-54.5% 0.922.020.96

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹27.0 Cr: core business ₹27.0 Cr, other income ₹0.0 Cr.

Core profit YoY: +8.0% · reported profit +5.3%

Cash & debt

FY25 cash from operations ₹42.0 Cr: 48% of FY25 net profit of ₹88.3 Cr.

Borrowings ₹171 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹334₹270 -19.1% below
Net profit₹23.4₹20.0 -14.5% below
📊 Investor presentation (12 Aug) Detailed financials →

Mahanagar Telephone Nigam Limited

MTNL · Telecom Services · Q2 FY26 · Consolidated
M Cap
₹1,494 Cr
P/E
—
PEG
—
  • Operating margin expanded 1155 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.9%+267.3% 19051.7174
Operating profit loss narrowedloss narrowed -108-184-119
OPM % +1155 bps— -56.9%—-68.5%
Other income -79.0%-77.2% 32.0140152
Net profit? loss widenedloss widened -960-941-890
EPS (₹) loss widenedloss widened -15.24-14.94-14.13

Quality of profit

Pre-tax profit −₹960 Cr: core business −₹992 Cr, other income ₹32.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹340 Cr.

Borrowings ₹32,441 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹154₹190 +23.4% above
Detailed financials →

Meghmani Organics Limited

MOL · Pesticides & Agrochemicals · Q2 FY26 · Consolidated
M Cap
₹1,479 Cr
P/E
23.0
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 340 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +6.1%-5.9% 577614544
Operating profit +70.4%-22.1% 52.166.930.6
OPM % +340 bps-188 bps 9.0%10.9%5.6%
Other income +131.9%+67.4% 27.816.612.0
Net profit? from loss-8.9% 11.612.7-9.3
PAT margin % +371 bps-7 bps 2.0%2.1%-1.7%
EPS (₹) from loss-10.0% 0.450.50-0.36

Quality of profit

Pre-tax profit ₹26.1 Cr: core business −₹1.7 Cr, other income ₹27.8 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹66.0 Cr.

Borrowings ₹829 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹794₹577 -27.3% below
📊 Investor presentation (29 Jul) Detailed financials →

Jagsonpal Pharmaceuticals Limited

JAGSNPHARM · Pharmaceuticals · Q2 FY26 · Standalone
M Cap
₹1,476 Cr
P/E
32.6
PEG
2.04
  • Profit -38% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -0.3%-1.5% 74.575.674.7
Operating profit +0.9%+15.8% 16.414.216.3
OPM % +27 bps+330 bps 22.1%18.8%21.8%
Other income +83.6%+7.1% 3.02.81.6
Net profit +9.7%+16.4% 12.610.811.5
PAT margin % +154 bps+260 bps 16.9%14.3%15.3%
EPS (₹) +9.2%+16.7% 1.891.621.73

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹16.8 Cr: core business ₹13.8 Cr, other income ₹3.0 Cr.

Core profit YoY: +0.4% · reported profit +9.7%

Cash & debt

FY25 cash from operations ₹55.0 Cr: 99% of FY25 net profit of ₹55.4 Cr.

Borrowings ₹9.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹94.2₹74.5 -20.9% below
Net profit₹20.4₹12.6 -38.4% below
📊 Investor presentation (21 Jan) Detailed financials →

Manali Petrochemicals Limited

MANALIPETC · Petrochemicals · Q2 FY26 · Consolidated
M Cap
₹1,476 Cr
P/E
8.2
PEG
0.69
  • Profit +999% above its own trend
  • Operating margin expanded 652 bps YoY
  • 57% 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 +7.7%+5.7% 248235230
Operating profit +430.0%-11.1% 20.322.83.8
OPM % +652 bps-154 bps 8.2%9.7%1.7%
Other income +122.8%+60.8% 12.98.05.8
Net profit? —+26.6% 18.114.30.2
PAT margin % +723 bps+121 bps 7.3%6.1%0.1%
EPS (₹) —+27.7% 1.060.830.01

Quality of profit

Core 43%Other income & one-offs 57%

Pre-tax profit ₹21.0 Cr: core business ₹9.1 Cr, other income ₹12.9 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations −₹19.0 Cr: -89% of FY25 net profit of ₹21.3 Cr.

Borrowings ₹129 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹208₹248 +19.1% above
Net profit₹0.3₹18.1 +999.0% above
Detailed financials →

Capacit'e Infraprojects Limited

CAPACITE · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹1,475 Cr
P/E
7.9
PEG
0.32
  • Profit -18% below its own trend
  • Operating margin contracted 169 bps YoY
  • FY25 operating cash flow was only 26% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +24.7%+9.6% 646589518
Operating profit +13.3%+6.3% 10810295.3
OPM % -169 bps-52 bps 16.7%17.2%18.4%
Other income -4.4%-40.6% 6.010.16.3
Net profit? +13.5%+8.5% 51.047.044.9
PAT margin % -78 bps-8 bps 7.9%8.0%8.7%
EPS (₹) +9.2%+4.5% 5.805.555.31

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹67.0 Cr: core business ₹61.0 Cr, other income ₹6.0 Cr.

Core profit YoY: +16.3% · reported profit +13.5%

Cash & debt

FY25 cash from operations ₹52.0 Cr: 26% of FY25 net profit of ₹203 Cr.

Borrowings ₹426 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹608₹646 +6.3% above
Net profit₹61.8₹51.0 -17.5% below
📊 Investor presentation (07 Aug) Detailed financials →

India Pesticides Limited

IPL · Pesticides & Agrochemicals · Q2 FY26 · Consolidated
M Cap
₹1,474 Cr
P/E
13.6
PEG
—
  • Profit -21% below its own trend
  • Operating margin expanded 196 bps YoY
  • Core business grew faster than reported profit (core profit +46%)
  • FY25 operating cash flow was only 4% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +26.8%+5.5% 290275229
Operating profit +43.5%+7.9% 48.845.234.0
OPM % +196 bps+38 bps 16.8%16.4%14.8%
Other income -4.2%-46.3% 4.88.95.0
Net profit? +21.6%-9.5% 31.634.926.0
PAT margin % -47 bps-180 bps 10.9%12.7%11.4%
EPS (₹) +21.8%-9.6% 2.743.032.25

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹47.0 Cr: core business ₹42.2 Cr, other income ₹4.8 Cr.

Core profit YoY: +45.6% · reported profit +21.6%

Cash & debt

FY25 cash from operations ₹3.0 Cr: 4% of FY25 net profit of ₹83.5 Cr.

Borrowings ₹60.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹274₹290 +6.1% above
Net profit₹40.2₹31.6 -21.4% below
📊 Investor presentation (02 Aug) Detailed financials →

Hindware Home Innovation Limited

HINDWAREAP · Ceramics, Tiles & Sanitaryware · Q2 FY26 · Consolidated
M Cap
₹1,471 Cr
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 358 bps YoY
  • 30% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.4%+27.3% 676531630
Operating profit +88.0%+15.7% 56.448.830.0
OPM % +358 bps-84 bps 8.3%9.2%4.8%
Other income -57.4%-57.4% 3.89.09.0
Net profit? from lossfrom loss 5.0-29.1-16.0
PAT margin % +328 bps+622 bps 0.7%-5.5%-2.5%
EPS (₹) from lossfrom loss 0.59-3.48-1.86

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹14.7 Cr: core business ₹10.3 Cr, other income ₹3.8 Cr, exceptional & other items ₹0.6 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹192 Cr.

Borrowings ₹889 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹562₹676 +20.3% above
📊 Investor presentation (12 Aug) Detailed financials →

Rhetan TMT Limited

RHETAN · Iron & Steel · Q2 FY26 · Standalone
M Cap
₹1,462 Cr
P/E
115.2
PEG
—
  • Profit +35% above its own trend
  • Operating margin contracted 4012 bps YoY
  • 81% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -77%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -3.8%-5.5% 4.85.05.0
Operating profit -64.9%+81.6% 1.10.63.1
OPM % -4012 bps+1108 bps 23.1%12.0%63.2%
Other income —+261.7% 2.50.70.0
Net profit +26.4%+278.6% 2.90.82.3
PAT margin % +1444 bps+4524 bps 60.3%15.1%45.9%
EPS (₹) +33.3%+300.0% 0.040.010.03

Quality of profit

Core 19%Other income & one-offs 81%

Pre-tax profit ₹3.0 Cr: core business ₹0.6 Cr, other income ₹2.5 Cr.

Core profit YoY: -76.7% · reported profit +26.4%

Against its own trend ?

TrendActualGap
Sales₹2.5₹4.8 +92.3% above
Net profit₹2.1₹2.9 +34.6% above
Detailed financials →

Mcnally Bharat Engineering Company Limited

MBECL · Construction & Infrastructure · Q2 FY26 · Standalone
M Cap
₹1,459 Cr
P/E
0.4
PEG
0.02
  • Turnaround: profit against a loss a year ago
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -33.3%+20.0% 18.015.027.0
Operating profit loss widenedloss widened -111-17.0-7.0
Other income —— 3,9190.08.0
Net profit from lossfrom loss 3,810-230-220
EPS (₹) from lossfrom loss 180.09-10.88-10.41

Quality of profit

Pre-tax profit ₹3,810 Cr: core business −₹109 Cr, other income ₹3,919 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹17.0 Cr.

Borrowings ₹3,097 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹15.7₹18.0 +14.6% above
Detailed financials →

Summit Securities Limited

SUMMITSEC · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹1,456 Cr
P/E
12.1
PEG
0.30
  • Profit -39% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +12.1%+328.6% 12028.0107
Operating profit +12.4%+337.0% 11827.0105
OPM % +20 bps+190 bps 98.3%96.4%98.1%
Other income —— 0.00.00.0
Net profit? +21.3%+355.0% 91.020.075.0
PAT margin % +574 bps+440 bps 75.8%71.4%70.1%
EPS (₹) +20.6%+349.0% 83.1618.5268.93

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹118 Cr: core business ₹118 Cr, other income ₹0.0 Cr.

Core profit YoY: +12.4% · reported profit +21.3%

Cash & debt

FY25 cash from operations ₹74.0 Cr: 109% of FY25 net profit of ₹68.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹98.1₹120 +22.3% above
Net profit₹150₹91.0 -39.3% below
Detailed financials →

Amrutanjan Health Care Limited

AMRUTANJAN · Pharmaceuticals · Q2 FY26 · Standalone
M Cap
₹1,456 Cr
P/E
—
PEG
—
  • Profit -29% below its own trend
  • Operating margin contracted 462 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +6.2%+25.2% 11894.0111
Operating profit -20.1%+106.6% 16.58.020.7
OPM % -462 bps+553 bps 14.0%8.5%18.7%
Other income -20.9%+7.4% 4.34.05.4
Net profit -20.9%+74.5% 14.08.017.7
PAT margin % -407 bps+335 bps 11.9%8.5%15.9%
EPS (₹) -20.9%+68.3% 4.832.876.11

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹19.2 Cr: core business ₹14.9 Cr, other income ₹4.3 Cr.

Core profit YoY: -19.4% · reported profit -20.9%

Cash & debt

FY25 cash from operations ₹51.0 Cr: 90% of FY25 net profit of ₹56.7 Cr.

Borrowings ₹2.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹119₹118 -1.2% in line
Net profit₹19.6₹14.0 -28.6% below
📊 Investor presentation (12 Aug) Detailed financials →

Updater Services Limited

UDS · Commercial & Business Services · Q2 FY26 · Consolidated
M Cap
₹1,455 Cr
P/E
17.4
PEG
0.48
  • Profit -52% below its own trend
  • Operating margin contracted 214 bps YoY
  • FY25 operating cash flow was only 43% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.3%+4.2% 729700680
Operating profit -28.2%-19.7% 31.639.344.0
OPM % -214 bps-128 bps 4.3%5.6%6.5%
Other income -21.0%+9.5% 5.55.17.0
Net profit? -29.3%-31.7% 19.829.028.0
PAT margin % -140 bps-142 bps 2.7%4.1%4.1%
EPS (₹) -29.5%-31.6% 2.964.334.20

Quality of profit

Core 76%Other income & one-offs 24%

Pre-tax profit ₹23.6 Cr: core business ₹18.1 Cr, other income ₹5.5 Cr.

Core profit YoY: -37.8% · reported profit -29.3%

Cash & debt

FY25 cash from operations ₹51.0 Cr: 43% of FY25 net profit of ₹119 Cr.

Borrowings ₹102 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹750₹729 -2.7% in line
Net profit₹41.1₹19.8 -51.8% below
📊 Investor presentation (30 Jul) Detailed financials →

Prizor Viztech Limited

PRIZOR · Consumer Durables & Appliances · H1 FY26 · Consolidated
M Cap
₹1,454 Cr
P/E
88.1
PEG
0.24
  • Operating margin expanded 189 bps YoY
  • Borrowings up 150% since Mar 2025
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +35.4%+4.9% 42.040.131.0
Operating profit +47.7%+11.7% 9.68.66.5
OPM % +189 bps+140 bps 22.8%21.4%20.9%
Other income +2.3%-4.7% 0.00.00.0
Net profit? +38.2%+0.9% 5.95.94.3
PAT margin % +29 bps-56 bps 14.1%14.6%13.8%
EPS (₹) +15.0%-8.0% 5.536.014.81

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹7.9 Cr: core business ₹7.9 Cr, other income ₹0.0 Cr.

Core profit YoY: +32.1% · reported profit +38.2%

Cash & debt

FY25 cash from operations −₹14.0 Cr.

Borrowings ₹20.0 Cr at Sep 2025, against ₹8.0 Cr at Mar 2025 (+150%).

Detailed financials →

Uttam Sugar Mills Limited

UTTAMSUGAR · Sugar · Q2 FY26 · Consolidated
M Cap
₹1,449 Cr
P/E
16.7
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 319 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +45.0%-7.5% 582629401
Operating profit +664.3%-54.5% 22.950.43.0
OPM % +319 bps-408 bps 3.9%8.0%0.7%
Other income +228.0%+175.6% 3.31.21.0
Net profit? from loss-93.3% 1.014.5-14.0
PAT margin % +366 bps-214 bps 0.2%2.3%-3.5%
EPS (₹) from loss-93.2% 0.263.82-3.81

Quality of profit

Pre-tax profit ₹1.7 Cr: core business −₹1.6 Cr, other income ₹3.3 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹102 Cr: 118% of FY25 net profit of ₹86.5 Cr.

Borrowings ₹833 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹409₹582 +42.2% above
Detailed financials →

Walchandnagar Industries Limited

WALCHANNAG · Engineering & Capital Goods · Q2 FY26 · Standalone
M Cap
₹1,449 Cr
P/E
—
PEG
—
  • Operating margin expanded 312 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -23.7%+4.8% 51.849.467.9
Operating profit loss narrowedloss widened -3.0-2.4-6.1
OPM % +312 bps-108 bps -5.9%-4.8%-9.0%
Other income -62.5%-19.6% 3.64.59.7
Net profit loss widenedloss widened -11.9-10.4-11.0
PAT margin % -673 bps-196 bps -23.0%-21.0%-16.3%
EPS (₹) loss narrowedloss widened -1.76-1.53-1.99

Quality of profit

Pre-tax profit −₹11.9 Cr: core business −₹15.5 Cr, other income ₹3.6 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹16.0 Cr.

Borrowings ₹194 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹47.4₹51.8 +9.3% above
Detailed financials →

Rajputana Stainless Limited

RSL · Iron & Steel · Q2 FY26 · Standalone
M Cap
₹1,443 Cr
P/E
24.8
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +16.4% 270232
Operating profit +19.0% 25.021.0
OPM % +21 bps 9.3%9.1%
Other income -100.0% 0.01.0
Net profit +18.2% 13.011.0
PAT margin % +7 bps 4.8%4.7%
EPS (₹) +18.5% 1.921.62

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹17.0 Cr: core business ₹17.0 Cr, other income ₹0.0 Cr.

Detailed financials →

Asian Hotels (North) Limited

ASIANHOTNR · Hotels & Resorts · Q2 FY26 · Standalone
M Cap
₹1,438 Cr
P/E
—
PEG
—
  • Operating margin contracted 2929 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -1.4%+9.5% 77.070.378.1
Operating profit to lossto loss -3.014.819.8
OPM % -2929 bps-2502 bps -3.9%21.1%25.4%
Other income to lossto loss -49.00.30.1
Net profit loss widenedloss widened -64.0-13.6-52.0
PAT margin % -1657 bps-6383 bps -83.1%-19.3%-66.5%
EPS (₹) loss widenedloss widened -32.66-6.97-26.71

Quality of profit

Pre-tax profit −₹75.0 Cr: core business −₹26.0 Cr, other income −₹49.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹437 Cr: 234% of FY25 net profit of ₹187 Cr.

Borrowings ₹550 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹86.9₹77.0 -11.4% below
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