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, 06:10 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 44 of 45

Excellent Wires and Packaging Limited

EXCELLENT · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -13% below its own trend
  • 27% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -2%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -5.3%-15.1% 9.911.710.5
Operating profit -11.8%-33.0% 0.71.00.8
OPM % -50 bps-180 bps 6.7%8.5%7.2%
Other income —-26.1% 0.20.20.0
Net profit +21.6%-41.6% 0.50.80.4
PAT margin % +100 bps-205 bps 4.5%6.6%3.5%
EPS (₹) +21.7%-41.3% 1.011.720.83

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹0.6 Cr: core business ₹0.5 Cr, other income ₹0.2 Cr.

Core profit YoY: -2.1% · reported profit +21.6%

Cash & debt

FY25 cash from operations −₹5.8 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹15.2₹9.9 -34.7% below
Net profit₹0.5₹0.5 -12.5% below

Future Consumer Limited

FCONSUMER · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 466 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.9%-4.5% 107112105
Operating profit loss widened— -6.0-6.0-1.0
OPM % -466 bps-25 bps -5.6%-5.4%-1.0%
Other income +160.9%+130.8% 60.026.023.0
Net profit? +650.0%from loss 15.0-18.02.0
PAT margin % +1211 bps+3009 bps 14.0%-16.1%1.9%
EPS (₹) +600.0%from loss 0.07-0.090.01

Quality of profit

Pre-tax profit ₹33.0 Cr: core business −₹26.0 Cr, other income ₹60.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: loss widened · reported profit +650.0%

Cash & debt

FY25 cash from operations ₹6.0 Cr.

Borrowings ₹436 Cr at Sep 2025, against ₹433 Cr at Mar 2025 (+1%).

Against its own trend ?

TrendActualGap
Sales₹122₹107 -12.5% below

Freshara Agro Exports Limited

FRESHARA · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • 30% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +28.8%-11.3% 134151104
Operating profit +20.0%-28.0% 18.025.015.0
OPM % -99 bps-312 bps 13.4%16.6%14.4%
Other income +75.0%+133.3% 7.03.04.0
Net profit +36.4%-11.8% 15.017.011.0
PAT margin % +62 bps-6 bps 11.2%11.3%10.6%
EPS (₹) -5.2%-14.4% 6.347.416.69

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹20.0 Cr: core business ₹14.0 Cr, other income ₹7.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +27.3% · reported profit +36.4%

Cash & debt

FY25 cash from operations ₹0.0 Cr.

Borrowings ₹95.0 Cr at Mar 2025.

GB Global Limited

GBGLOBAL · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +76.9% 23.013.0
Operating profit loss narrowed -6.0-14.0
OPM % — -26.1%—
Other income -68.8% 10.032.0
Net profit? -100.0% 0.013.0
PAT margin % -10000 bps 0.0%100.0%
EPS (₹) -100.0% 0.0038.05

Quality of profit

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

Grand Continent Hotels Limited

GCHOTELS · H1 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • 43% of pre-tax profit came from other income and one-off items
₹ Crvs prev. half Sep 2025Mar 2025
Sales +36.6% 55.740.8
Operating profit -41.1% 5.08.5
OPM % -1186 bps 9.0%20.9%
Other income +149.3% 1.50.6
Net profit? -47.6% 2.34.4
PAT margin % -667 bps 4.2%10.8%
EPS (₹) -60.9% 0.932.38

Quality of profit

Core 57%Other income & one-offs 43%

Pre-tax profit ₹3.5 Cr: core business ₹2.0 Cr, other income ₹1.5 Cr.

Gretex Industries Limited

GRETEX · H1 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +459% above its own trend
  • Operating margin expanded 188 bps YoY
  • 99% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +53.9%+46.6% 28.119.218.3
Operating profit —-9.7% 0.60.60.0
OPM % +188 bps-124 bps 2.0%3.2%0.1%
Other income +145.1%+9.4% 1.71.60.7
Net profit? +179.5%-31.7% 1.21.80.4
PAT margin % +197 bps-501 bps 4.4%9.4%2.4%
EPS (₹) +170.0%-31.9% 0.811.190.30

Quality of profit

Core 1%Other income & one-offs 99%

Pre-tax profit ₹1.7 Cr: core business ₹0.0 Cr, other income ₹1.7 Cr.

Core profit YoY: from loss · reported profit +179.5%

Cash & debt

FY25 cash from operations ₹0.0 Cr.

Borrowings ₹8.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹19.7₹28.1 +42.8% above
Net profit₹0.2₹1.2 +459.1% above

HERCULES INVESTMENTS LIMITED

HERCULES · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +292% above its own trend
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales —— 0.00.00.0
Operating profit loss widenedloss widened -0.2-0.1-0.2
Other income +90.6%— 5.50.22.9
Net profit +96.2%from loss 5.2-0.02.6
EPS (₹) +95.2%— 1.620.000.83

Quality of profit

Pre-tax profit ₹5.2 Cr: core business −₹0.2 Cr, other income ₹5.5 Cr.

Core profit YoY: loss widened · reported profit +96.2%

Cash & debt

FY25 cash from operations ₹7.6 Cr: 136% of FY25 net profit of ₹5.6 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹1.3₹5.2 +292.5% above

Hindustan Motors

HINDMOTORS · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -98% below its own trend
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -100.0%— 0.00.00.8
Operating profit loss widenedloss narrowed -0.8-0.9-0.3
Other income -86.5%-81.4% 0.95.17.0
Net profit -99.2%-99.0% 0.04.24.9
EPS (₹) -100.0%-100.0% 0.000.200.23

Quality of profit

Pre-tax profit ₹0.2 Cr: core business −₹0.8 Cr, other income ₹0.9 Cr.

Core profit YoY: loss widened · reported profit -99.2%

Cash & debt

FY25 cash from operations −₹26.9 Cr: -173% of FY25 net profit of ₹15.6 Cr.

Borrowings ₹17.9 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹2.4₹0.0 -98.4% below

HVAX Technologies Limited

HVAX · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -38% below its own trend
  • Operating margin contracted 471 bps YoY
  • 33% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -11%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +31.8%-28.7% 60.685.046.0
Operating profit -9.0%-46.9% 6.412.07.0
OPM % -471 bps-361 bps 10.5%14.1%15.2%
Other income —— 2.20.00.0
Net profit +23.1%-29.7% 4.97.04.0
PAT margin % -58 bps-12 bps 8.1%8.2%8.7%
EPS (₹) -5.3%-31.8% 17.7326.0018.73

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹6.6 Cr: core business ₹4.5 Cr, other income ₹2.2 Cr.

Core profit YoY: -11.0% · reported profit +23.1%

Cash & debt

FY25 cash from operations −₹22.0 Cr.

Borrowings ₹28.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹61.9₹60.6 -2.0% in line
Net profit₹8.0₹4.9 -38.5% below

Indus Infra Trust

INDUSINVIT · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -72% below its own trend
  • Operating margin contracted 1043 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -21.2%-33.9% 123186156
Operating profit -31.9%-45.6% 81.0149119
OPM % -1043 bps-1425 bps 65.9%80.1%76.3%
Other income +6.7%-11.1% 16.018.015.0
Net profit? -43.3%-51.2% 59.0121104
PAT margin % -1870 bps-1709 bps 48.0%65.1%66.7%
EPS (₹) -43.2%-50.7% 1.342.722.36

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹59.0 Cr: core business ₹43.0 Cr, other income ₹16.0 Cr.

Core profit YoY: -52.7% · reported profit -43.3%

Cash & debt

FY25 cash from operations ₹439 Cr: 91% of FY25 net profit of ₹481 Cr.

Borrowings ₹2,144 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹276₹123 -55.4% below
Net profit₹208₹59.0 -71.6% below

Kalana Ispat Limited

KALANA · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -98% below its own trend
  • Operating margin contracted 576 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -10.0%-9.8% 24.927.627.6
Operating profit to lossto loss -0.30.21.3
OPM % -576 bps-200 bps -1.2%0.8%4.6%
Other income —-28.9% 0.60.90.0
Net profit -98.6%-98.0% 0.00.50.7
PAT margin % -253 bps-177 bps 0.0%1.8%2.6%
EPS (₹) -98.1%-97.4% 0.010.380.54

Quality of profit

Pre-tax profit ₹0.0 Cr: core business −₹0.6 Cr, other income ₹0.6 Cr.

Core profit YoY: to loss · reported profit -98.6%

Cash & debt

FY25 cash from operations ₹5.0 Cr.

Borrowings ₹2.6 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹21.3₹24.9 +17.0% above
Net profit₹0.4₹0.0 -97.6% below

Kalyani Commercials Limited

KALYANI · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +24.6% 11895.0
Operating profit +38.6% 2.21.6
OPM % +19 bps 1.8%1.7%
Other income +4.7% 0.50.4
Net profit -61.9% 0.20.6
PAT margin % -46 bps 0.2%0.7%
EPS (₹) -61.9% 2.406.30

Quality of profit

Pre-tax profit ₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.5 Cr.

Khfm Hospitality And Facility Management Services Limited

KHFM · H1 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -47% below its own trend
  • Operating margin contracted 409 bps YoY
  • 32% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -65%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +5.6%+14.0% 57.050.054.0
Operating profit -33.3%-20.0% 4.05.06.0
OPM % -409 bps-298 bps 7.0%10.0%11.1%
Other income —-68.4% 0.31.00.0
Net profit? -33.3%+100.0% 2.01.03.0
PAT margin % -205 bps+151 bps 3.5%2.0%5.6%
EPS (₹) -12.2%+170.0% 1.080.401.23

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹1.6 Cr: core business ₹1.1 Cr, other income ₹0.3 Cr.

Core profit YoY: -64.7% · reported profit -33.3%

Cash & debt

FY25 cash from operations −₹3.0 Cr.

Borrowings ₹45.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹50.1₹57.0 +13.7% above
Net profit₹3.8₹2.0 -46.7% below

Kundan Minerals and Metals Limited

KUNDANMM · Q2 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ Cr Sep 2025
Sales 4.6
Operating profit -0.3
OPM % -7.2%
Other income 1.4
Net profit 0.8
PAT margin % 18.0%
EPS (₹) 0.28

Jun 2025 and Sep 2024 are not on record for this company, so there is nothing to compare with yet.

Quality of profit

Pre-tax profit ₹1.1 Cr: core business −₹0.3 Cr, other income ₹1.4 Cr.

Maks Energy Solutions India Limited

MAKS · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -73% below its own trend
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -23.3%-19.5% 26.132.434.0
Operating profit -17.9%-44.8% 1.01.71.2
OPM % +24 bps-169 bps 3.7%5.4%3.4%
Other income —+533.3% 0.20.00.0
Net profit -46.2%-83.3% 0.10.40.1
PAT margin % -11 bps-103 bps 0.3%1.3%0.4%
EPS (₹) -47.4%-83.6% 0.100.610.19

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 -46.2%

Cash & debt

FY25 cash from operations ₹0.2 Cr.

Borrowings ₹17.3 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹34.4₹26.1 -24.1% below
Net profit₹0.3₹0.1 -73.1% below

Manglam Infra & Engineering Limited

MIEL · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 765 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -25.1%-53.2% 13.027.817.4
Operating profit -47.2%+282.3% 2.40.64.5
OPM % -765 bps+1599 bps 18.2%2.2%25.9%
Other income +117.2%-19.2% 0.60.80.3
Net profit -51.5%from loss 1.5-0.13.0
PAT margin % -615 bps+1166 bps 11.3%-0.4%17.5%
EPS (₹) -51.2%from loss 0.84-0.061.72

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹1.9 Cr: core business ₹1.3 Cr, other income ₹0.6 Cr.

Core profit YoY: -66.9% · reported profit -51.5%

Cash & debt

FY25 cash from operations −₹20.6 Cr.

Borrowings ₹5.9 Cr at Mar 2025.

Mindpool Technologies Limited

MINDPOOL · H1 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +500% above its own trend
  • 95% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +54.5%+35.3% 24.818.416.1
Operating profit +71.4%+700.0% 0.20.00.1
OPM % +10 bps+80 bps 1.0%0.2%0.9%
Other income +72.7%+26.7% 0.20.10.1
Net profit? +200.0%+600.0% 0.20.00.1
PAT margin % +41 bps+68 bps 0.8%0.2%0.4%
EPS (₹) +194.1%+614.3% 0.500.070.17

Quality of profit

Core 5%Other income & one-offs 95%

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

Core profit YoY: from loss · reported profit +200.0%

Cash & debt

FY25 cash from operations ₹0.1 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹12.6₹24.8 +97.2% above
Net profit₹0.0₹0.2 +500.0% above

Neelam Linens and Garments (India) Limited

NEELAM · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 611 bps YoY
  • 50% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +45.9%-26.0% 54.073.037.0
Operating profit -20.0%-33.3% 4.06.05.0
OPM % -611 bps-81 bps 7.4%8.2%13.5%
Other income —-100.0% 0.01.00.0
Net profit +0.0%-50.0% 1.02.01.0
PAT margin % -85 bps-89 bps 1.9%2.7%2.7%
EPS (₹) +12.9%-19.5% 0.700.870.62

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.

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

Cash & debt

FY25 cash from operations ₹8.0 Cr.

Borrowings ₹67.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹39.4₹54.0 +37.0% above
Net profit₹1.0₹1.0 +0.0% in line

Neptune Petrochemicals Limited

NEPTUNE · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • 26% of pre-tax profit came from other income and one-off items
₹ Cr Sep 2025
Sales 407
Operating profit 14.0
OPM % 3.4%
Other income 6.0
Net profit 15.0
PAT margin % 3.7%
EPS (₹) 6.42

First results we hold for this company (a recent listing or a first filing), so there is no earlier quarter to compare with.

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹19.0 Cr: core business ₹14.0 Cr, other income ₹6.0 Cr, exceptional & other items −₹1.0 Cr.

National Highways Infra Trust

NHIT · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • 44% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -17%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +76.7%-2.1% 1,0021,023567
Operating profit +74.7%-4.0% 800833458
OPM % -94 bps-159 bps 79.8%81.4%80.8%
Other income +9.1%+33.3% 12.09.011.0
Net profit? +51.4%-7.4% 11212174.0
PAT margin % -187 bps-65 bps 11.2%11.8%13.1%
EPS (₹) +1.8%-7.9% 0.580.630.57

Quality of profit

Core 56%Other income & one-offs 44%

Pre-tax profit ₹27.0 Cr: core business ₹15.0 Cr, other income ₹12.0 Cr.

Core profit YoY: -16.7% · reported profit +51.4%

Cash & debt

FY25 cash from operations ₹2,099 Cr: 646% of FY25 net profit of ₹325 Cr.

Borrowings ₹21,680 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,134₹1,002 -11.6% below
Net profit₹107₹112 +4.7% in line

Nitin Fire Protection Industries Limited

NITINFIRE · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales +69.4% 5.53.3
Operating profit loss widened -1.4-0.8
OPM % -143 bps -24.4%-22.9%
Other income +16.0% 8.77.5
Net profit? +9.4% 7.26.6
EPS (₹) +8.7% 0.250.23

Quality of profit

Pre-tax profit ₹7.2 Cr: core business −₹1.5 Cr, other income ₹8.7 Cr.

Newmalayalam Steel Limited

NMSTEEL · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 149 bps YoY
  • 33% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +5.2%+8.0% 162150154
Operating profit -25.0%+500.0% 6.01.08.0
OPM % -149 bps+304 bps 3.7%0.7%5.2%
Other income +100.0%+100.0% 2.01.01.0
Net profit -20.0%from loss 4.0-1.05.0
PAT margin % -78 bps+314 bps 2.5%-0.7%3.2%
EPS (₹) -40.5%from loss 2.44-0.454.10

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹6.0 Cr: core business ₹4.0 Cr, other income ₹2.0 Cr.

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

Cash & debt

FY25 cash from operations ₹26.0 Cr.

Borrowings ₹18.0 Cr at Mar 2025.

Nxt-Infra Trust

NXT-INFRA · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales -5.8% 76.381.0
Operating profit +41.2% 53.638.0
OPM % +2336 bps 70.3%46.9%
Other income -24.0% 59.278.0
Net profit? +6.2% 45.743.0
PAT margin % +674 bps 59.8%53.1%
EPS (₹) +5.3% 1.601.52

Quality of profit

Pre-tax profit ₹53.2 Cr: core business −₹6.1 Cr, other income ₹59.2 Cr.

Oriental Carbon

OCCL · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +25% above its own trend
  • Operating margin contracted 1039 bps YoY
  • 74% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -92%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -6.7%+43.3% 29.920.932.1
Operating profit -68.6%-42.3% 1.62.75.0
OPM % -1039 bps-783 bps 5.3%13.1%15.7%
Other income +28.8%+46.9% 0.90.60.7
Net profit? -37.5%-76.3% 0.93.81.4
PAT margin % -148 bps-1513 bps 3.0%18.1%4.5%
EPS (₹) +0.0%-93.7% 0.203.170.20

Quality of profit

Core 26%Other income & one-offs 74%

Pre-tax profit ₹1.3 Cr: core business ₹0.3 Cr, other income ₹0.9 Cr.

Core profit YoY: -91.7% · reported profit -37.5%

Cash & debt

FY25 cash from operations ₹8.0 Cr: 61% of FY25 net profit of ₹13.1 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹44.8₹29.9 -33.1% below
Net profit₹0.7₹0.9 +25.0% above

Oriental InfraTrust

OSEINTRUST · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • 36% of pre-tax profit came from other income and one-off items
₹ CrQoQ Sep 2025Jun 2025
Sales -3.2% 551569
Operating profit -4.3% 420439
OPM % -93 bps 76.2%77.2%
Other income -52.9% 32.068.0
Net profit? -39.8% 68.0113
PAT margin % -752 bps 12.3%19.9%
EPS (₹) -40.2% 1.161.94

Quality of profit

Core 64%Other income & one-offs 36%

Pre-tax profit ₹85.0 Cr: core business ₹54.0 Cr, other income ₹32.0 Cr, exceptional & other items −₹1.0 Cr.

Paramatrix Technologies Limited

PARAMATRIX · H1 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 423 bps YoY
  • 69% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -42%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +1.5%-4.5% 14.114.813.9
Operating profit -24.1%-43.4% 1.83.12.3
OPM % -423 bps-858 bps 12.5%21.1%16.7%
Other income +201.2%+40.0% 2.61.90.9
Net profit? +23.4%-15.0% 2.93.42.4
PAT margin % +365 bps-252 bps 20.6%23.1%16.9%
EPS (₹) +23.5%-14.9% 2.522.962.04

Quality of profit

Core 31%Other income & one-offs 69%

Pre-tax profit ₹3.8 Cr: core business ₹1.2 Cr, other income ₹2.6 Cr.

Core profit YoY: -41.9% · reported profit +23.4%

Cash & debt

FY25 cash from operations ₹2.7 Cr.

Borrowings nil at Mar 2025.

Paramount Dye Tec Limited

PARAMOUNT · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 815 bps YoY
  • 34% 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 -4.2%-31.4% 30.945.032.3
Operating profit -51.9%-53.9% 2.55.55.3
OPM % -815 bps-402 bps 8.2%12.2%16.4%
Other income —+56.6% 0.80.50.1
Net profit -30.1%-51.5% 2.24.53.1
PAT margin % -259 bps-289 bps 7.0%9.9%9.6%
EPS (₹) -54.6%-51.5% 3.116.416.85

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹2.4 Cr: core business ₹1.6 Cr, other income ₹0.8 Cr.

Core profit YoY: -60.3% · reported profit -30.1%

Cash & debt

FY25 cash from operations −₹6.2 Cr.

Borrowings ₹14.5 Cr at Mar 2025.

Pelatro Limited

PELATRO · Q2 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • 33% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -11.4%+27.6% 34.126.738.4
Operating profit -10.9%+0.8% 5.85.86.6
OPM % +11 bps-457 bps 17.2%21.7%17.1%
Other income -22.1%+222.7% 1.60.52.1
Net profit? -7.6%+30.7% 4.63.65.0
PAT margin % +57 bps+32 bps 13.7%13.3%13.1%
EPS (₹) -32.2%+29.8% 4.443.426.55

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹4.9 Cr: core business ₹3.3 Cr, other income ₹1.6 Cr.

Core profit YoY: -23.7% · reported profit -7.6%

Cash & debt

FY25 cash from operations ₹20.0 Cr: 104% of FY25 net profit of ₹19.2 Cr.

Borrowings ₹42.0 Cr at Mar 2025.

Positron Energy Limited

POSITRON · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -50% below its own trend
  • Operating margin contracted 809 bps YoY
  • 57% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -57%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +124.3%-41.2% 15726770.0
Operating profit -57.1%-78.6% 3.014.07.0
OPM % -809 bps-333 bps 1.9%5.2%10.0%
Other income —+100.0% 4.02.00.0
Net profit +0.0%-61.5% 5.013.05.0
PAT margin % -396 bps-168 bps 3.2%4.9%7.1%
EPS (₹) +5.3%-61.7% 6.5817.166.25

Quality of profit

Core 43%Other income & one-offs 57%

Pre-tax profit ₹7.0 Cr: core business ₹3.0 Cr, other income ₹4.0 Cr.

Core profit YoY: -57.1% · reported profit +0.0%

Cash & debt

FY25 cash from operations ₹7.0 Cr.

Borrowings ₹7.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹140₹157 +12.1% above
Net profit₹10.0₹5.0 -50.0% below

Picturepost Studios Limited

PPSL · H1 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 823 bps YoY
  • 25% of pre-tax profit came from other income and one-off items
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales -30.8%-38.2% 12.119.617.5
Operating profit -53.8%-63.6% 2.05.54.3
OPM % -823 bps-1149 bps 16.5%28.0%24.7%
Other income -92.3%— 0.00.00.1
Net profit -90.2%-90.7% 0.22.62.4
PAT margin % -1195 bps-1123 bps 2.0%13.2%13.9%
EPS (₹) -90.4%-90.9% 0.080.880.83

Quality of profit

Core 75%Other income & one-offs 25%

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

Core profit YoY: -99.0% · reported profit -90.2%

Cash & debt

FY25 cash from operations −₹1.3 Cr.

Borrowings ₹3.2 Cr at Mar 2025.

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