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, 06:59 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 49 of 170

Regaal Resources Limited

REGAAL · Agricultural Products · Q2 FY26 · Standalone
M Cap
₹920 Cr
P/E
15.2
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +29.6% 320247
Operating profit +45.8% 35.024.0
OPM % +122 bps 10.9%9.7%
Other income — 0.00.0
Net profit +88.9% 17.09.0
PAT margin % +167 bps 5.3%3.6%
EPS (₹) +48.2% 1.631.10

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹22.0 Cr: core business ₹22.0 Cr, other income ₹0.0 Cr.

📊 Investor presentation (14 Aug) Detailed financials →

GKW Limited

GKWLIMITED · NBFC & Finance Companies · Q2 FY26 · Standalone
M Cap
₹917 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -217% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -25.0%-25.3% 10.914.614.5
Operating profit to lossto loss -12.912.59.9
Other income —-58.3% 2.96.90.1
Net profit to lossto loss -15.613.86.7
EPS (₹) to lossto loss -25.9823.0211.15

Quality of profit

Pre-tax profit −₹13.1 Cr: core business −₹16.0 Cr, other income ₹2.9 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹203 Cr.

Borrowings ₹0.4 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹15.8₹10.9 -31.3% below
Net profit₹13.4−₹15.6 -216.5% below
Detailed financials →

Centrum Capital Limited

CENTRUM · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹910 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Operating margin contracted 1905 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +5.0%-2.7% 823846784
Operating profit -44.5%-14.1% 176205317
OPM % -1905 bps-285 bps 21.4%24.2%40.4%
Other income +228.6%+41.5% 27619584.0
Net profit? to lossloss narrowed -8.0-1078.0
PAT margin % -199 bps+1168 bps -1.0%-12.6%1.0%
EPS (₹) loss widenedloss widened -0.88-0.33-0.57

Quality of profit

Pre-tax profit −₹32.0 Cr: core business −₹307 Cr, other income ₹276 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹2,532 Cr.

Borrowings ₹16,221 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,191₹823 -30.9% below
Detailed financials →

Vilas Transcore Limited

VILAS · Iron & Steel · H1 FY26 · Standalone
M Cap
₹907 Cr
P/E
23.1
PEG
0.89
  • Profit +13% above its own trend
  • Operating margin expanded 243 bps YoY
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +41.4%+19.9% 229191162
Operating profit +72.2%+14.8% 31.027.018.0
OPM % +243 bps-60 bps 13.5%14.1%11.1%
Other income -20.0%+0.0% 4.04.05.0
Net profit +71.4%+14.3% 24.021.014.0
PAT margin % +184 bps-51 bps 10.5%11.0%8.6%
EPS (₹) +74.4%+18.4% 9.968.415.71

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹32.0 Cr: core business ₹28.0 Cr, other income ₹4.0 Cr.

Core profit YoY: +86.7% · reported profit +71.4%

Cash & debt

FY25 cash from operations −₹35.0 Cr.

Borrowings ₹11.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹186₹229 +23.3% above
Net profit₹21.2₹24.0 +13.4% above
Detailed financials →

Indosolar Limited

WAAREEINDO · Electrical Equipment · Q2 FY26 · Standalone
M Cap
₹905 Cr
P/E
5.4
PEG
—
  • Operating margin contracted 4142 bps YoY
  • Core business grew faster than reported profit (core profit +588%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +635.1%+3.9% 20319527.6
Operating profit +236.2%+10.5% 70.764.021.0
OPM % -4142 bps+210 bps 34.9%32.8%76.3%
Other income -98.2%-98.9% 0.01.00.6
Net profit +388.6%-60.4% 46.31179.5
PAT margin % -1154 bps-3712 bps 22.9%60.0%34.4%
EPS (₹) +388.6%-60.3% 11.1428.072.28

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹61.1 Cr: core business ₹61.1 Cr, other income ₹0.0 Cr.

Core profit YoY: +588.4% · reported profit +388.6%

Detailed financials →

Electrotherm (India) Limited

ELECTHERM · Iron & Steel · Q2 FY26 · Consolidated
M Cap
₹904 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -143% below its own trend
  • Operating margin contracted 972 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.0%-2.4% 814834814
Operating profit to lossto loss -12.151.767.0
OPM % -972 bps-769 bps -1.5%6.2%8.2%
Other income -91.0%+75.3% 1.40.815.0
Net profit? to lossto loss -21.627.759.0
PAT margin % -990 bps-597 bps -2.7%3.3%7.2%
EPS (₹) to lossto loss -16.9721.7246.67

Quality of profit

Pre-tax profit −₹28.5 Cr: core business −₹29.8 Cr, other income ₹1.4 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹329 Cr: 75% of FY25 net profit of ₹442 Cr.

Borrowings ₹1,287 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹723₹814 +12.6% above
Net profit₹49.9−₹21.6 -143.4% below
Detailed financials →

Nahar Spinning Mills Limited

NAHARSPING · Textiles · Q2 FY26 · Standalone
M Cap
₹901 Cr
P/E
42.1
PEG
—
  • Operating margin expanded 286 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.4%-4.9% 779819776
Operating profit +691.4%-55.7% 25.657.73.2
OPM % +286 bps-377 bps 3.3%7.0%0.4%
Other income -90.2%-52.9% 1.73.717.6
Net profit loss narrowedto loss -4.616.0-17.5
PAT margin % +165 bps-254 bps -0.6%1.9%-2.2%
EPS (₹) loss narrowedto loss -1.294.43-4.84

Quality of profit

Pre-tax profit −₹7.0 Cr: core business −₹8.8 Cr, other income ₹1.7 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹93.0 Cr: 738% of FY25 net profit of ₹12.6 Cr.

Borrowings ₹1,101 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹829₹779 -6.0% below
Detailed financials →

Bcl Industries Limited

BCLIND · Diversified Conglomerates · Q2 FY26 · Consolidated
M Cap
₹896 Cr
P/E
7.0
PEG
0.35
  • Profit -14% below its own trend
  • Operating margin expanded 233 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -7.4%-12.8% 691792746
Operating profit +21.9%+26.4% 67.053.055.0
OPM % +233 bps+300 bps 9.7%6.7%7.4%
Other income -56.1%-66.7% 1.03.02.3
Net profit? +7.1%-3.0% 32.033.029.9
PAT margin % +63 bps+46 bps 4.6%4.2%4.0%
EPS (₹) +4.3%-5.8% 0.981.040.94

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹45.0 Cr: core business ₹44.0 Cr, other income ₹1.0 Cr.

Core profit YoY: +18.9% · reported profit +7.1%

Cash & debt

FY25 cash from operations ₹63.0 Cr: 65% of FY25 net profit of ₹97.1 Cr.

Borrowings ₹536 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹904₹691 -23.6% below
Net profit₹37.3₹32.0 -14.3% below
📊 Investor presentation (13 Aug) Detailed financials →

Salzer Electronics Limited

SALZERELEC · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹896 Cr
P/E
20.2
PEG
1.83
  • Profit -58% below its own trend
  • Operating margin contracted 153 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +21.7%-5.0% 419441344
Operating profit +3.6%-12.4% 36.641.835.3
OPM % -153 bps-74 bps 8.7%9.5%10.3%
Other income -97.8%-55.8% 0.30.815.6
Net profit? -50.9%-22.3% 13.417.227.3
PAT margin % -473 bps-71 bps 3.2%3.9%7.9%
EPS (₹) -52.4%-24.5% 7.359.7415.43

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹18.5 Cr: core business ₹18.2 Cr, other income ₹0.3 Cr.

Core profit YoY: -6.7% · reported profit -50.9%

Cash & debt

FY25 cash from operations −₹11.0 Cr: -16% of FY25 net profit of ₹68.5 Cr.

Borrowings ₹422 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹424₹419 -1.1% in line
Net profit₹31.6₹13.4 -57.6% below
📊 Investor presentation (09 Aug) Detailed financials →

Max India Limited

MAXIND · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹895 Cr
P/E
—
PEG
—
  • Operating margin contracted 2005 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +4.7%+21.6% 45.037.043.0
Operating profit loss widenedloss widened -31.0-28.0-21.0
OPM % -2005 bps+679 bps -68.9%-75.7%-48.8%
Other income +0.0%-61.5% 5.013.05.0
Net profit? loss widenedloss widened -34.0-26.0-23.0
PAT margin % -2207 bps-529 bps -75.6%-70.3%-53.5%
EPS (₹) loss widenedloss widened -6.52-4.91-4.42

Quality of profit

Pre-tax profit −₹36.0 Cr: core business −₹41.0 Cr, other income ₹5.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹128 Cr.

Borrowings ₹102 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹38.9₹45.0 +15.6% above
📊 Investor presentation (11 Aug) Detailed financials →

R M Drip and Sprinklers Systems Limited

RMDRIP · Plastic Products · Q2 FY26 · Consolidated
M Cap
₹889 Cr
P/E
25.3
PEG
—
  • Operating margin expanded 966 bps YoY
  • Profit grew faster than the core business (core profit +39%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -8.6%+2.3% 31.230.534.1
Operating profit +42.6%-4.4% 8.48.85.9
OPM % +966 bps-190 bps 26.9%28.8%17.2%
Other income +692.9%— 1.80.00.2
Net profit? +65.6%+7.9% 5.75.33.5
PAT margin % +824 bps+96 bps 18.4%17.4%10.1%
EPS (₹) —+8.3% 0.130.123.10

No EPS growth against Sep 2024: ₹10 to ₹1 split in Sep 2025 and 5:7 bonus in Apr 2026.

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹8.1 Cr: core business ₹6.4 Cr, other income ₹1.8 Cr.

Core profit YoY: +38.7% · reported profit +65.6%

Cash & debt

FY25 cash from operations −₹27.0 Cr: -105% of FY25 net profit of ₹25.7 Cr.

Borrowings ₹26.0 Cr at Mar 2025.

Detailed financials →

Krystal Integrated Services Limited

KRYSTAL · Commercial & Business Services · Q2 FY26 · Consolidated
M Cap
₹888 Cr
P/E
13.6
PEG
0.34
  • Profit -22% below its own trend
  • 29% 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 +6.5%-12.3% 283323266
Operating profit +5.3%-16.1% 17.921.417.0
OPM % -7 bps-29 bps 6.3%6.6%6.4%
Other income +23.1%+11.7% 4.54.03.7
Net profit? -12.8%-19.9% 13.216.415.1
PAT margin % -103 bps-44 bps 4.6%5.1%5.7%
EPS (₹) -13.0%-19.9% 9.4211.7610.83

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹15.8 Cr: core business ₹11.3 Cr, other income ₹4.5 Cr.

Core profit YoY: -10.7% · reported profit -12.8%

Cash & debt

FY25 cash from operations −₹32.0 Cr: -51% of FY25 net profit of ₹62.5 Cr.

Borrowings ₹91.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹318₹283 -10.9% below
Net profit₹16.9₹13.2 -22.1% below
📊 Investor presentation (07 May) Detailed financials →

Dwarikesh Sugar Industries Limited

DWARKESH · Sugar · Q2 FY26 · Standalone
M Cap
₹886 Cr
P/E
—
PEG
—
  • Operating margin contracted 732 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.0%-39.3% 246405246
Operating profit loss widenedto loss -41.04.0-23.0
OPM % -732 bps-1765 bps -16.7%1.0%-9.3%
Other income +0.0%— 2.00.02.0
Net profit loss widenedloss widened -33.0-9.0-24.0
PAT margin % -366 bps-1119 bps -13.4%-2.2%-9.8%
EPS (₹) loss widenedloss widened -1.76-0.51-1.30

Quality of profit

Pre-tax profit −₹53.0 Cr: core business −₹55.0 Cr, other income ₹2.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹61.0 Cr: 265% of FY25 net profit of ₹23.0 Cr.

Borrowings ₹507 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹269₹246 -8.6% below
📊 Investor presentation (28 Jul) Detailed financials →

Viviana Power Tech Limited

VIVIANA · Electrical Equipment · Q2 FY26 · Standalone
M Cap
₹882 Cr
P/E
13.9
PEG
0.09
  • Profit -38% below its own trend
  • Operating margin expanded 324 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +22.5%+183.6% 58.920.848.1
Operating profit +47.7%+222.5% 11.23.57.6
OPM % +324 bps+230 bps 19.1%16.8%15.8%
Other income +368.4%-71.6% 0.20.60.0
Net profit +24.3%+167.7% 5.62.14.5
PAT margin % +14 bps-56 bps 9.5%10.0%9.3%
EPS (₹) —— 10.553.337.52

No EPS growth against Jun 2025 and Sep 2024: 3:5 bonus in Nov 2025.

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹8.4 Cr: core business ₹8.2 Cr, other income ₹0.2 Cr.

Core profit YoY: +37.2% · reported profit +24.3%

Cash & debt

FY25 cash from operations −₹3.0 Cr.

Borrowings ₹30.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹96.2₹58.9 -38.7% below
Net profit₹9.0₹5.6 -37.8% below
📊 Investor presentation (06 Aug) Detailed financials →

Dharmaj Crop Guard Limited

DHARMAJ · Pesticides & Agrochemicals · Q2 FY26 · Consolidated
M Cap
₹879 Cr
P/E
14.6
PEG
—
  • Operating margin contracted 192 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +11.5%-5.5% 347367311
Operating profit -7.8%-37.3% 31.850.734.5
OPM % -192 bps-465 bps 9.2%13.8%11.1%
Other income -88.0%-95.3% 0.00.80.3
Net profit? -17.6%-46.8% 17.332.621.0
PAT margin % -176 bps-388 bps 5.0%8.9%6.8%
EPS (₹) -17.5%-46.8% 5.139.646.22

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹22.5 Cr: core business ₹22.5 Cr, other income ₹0.0 Cr.

Core profit YoY: -16.3% · reported profit -17.6%

Cash & debt

FY25 cash from operations ₹39.0 Cr: 112% of FY25 net profit of ₹34.8 Cr.

Borrowings ₹116 Cr at Mar 2025.

📊 Investor presentation (07 Aug) Detailed financials →

Likhitha Infrastructure Limited

LIKHITHA · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹878 Cr
P/E
27.4
PEG
—
  • Profit -36% below its own trend
  • Operating margin contracted 191 bps YoY
  • FY25 operating cash flow was only 3% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -23.3%-16.5% 102122133
Operating profit -31.4%-13.4% 16.619.124.1
OPM % -191 bps+58 bps 16.2%15.6%18.1%
Other income -29.6%-32.9% 0.91.31.2
Net profit? -34.2%-16.5% 11.513.817.5
PAT margin % -187 bps-1 bps 11.3%11.3%13.1%
EPS (₹) -33.8%-16.8% 2.923.514.41

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹15.6 Cr: core business ₹14.7 Cr, other income ₹0.9 Cr.

Core profit YoY: -34.3% · reported profit -34.2%

Cash & debt

FY25 cash from operations ₹2.0 Cr: 3% of FY25 net profit of ₹69.2 Cr.

Borrowings ₹1.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹156₹102 -34.3% below
Net profit₹18.0₹11.5 -36.0% below
Detailed financials →

Anuh Pharma Limited

ANUHPHR · Pharmaceuticals · Q2 FY26 · Standalone
M Cap
₹874 Cr
P/E
19.7
PEG
2.46
  • Profit -33% below its own trend
  • Operating margin contracted 379 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +12.0%+0.0% 186186166
Operating profit -29.4%+20.0% 12.010.017.0
OPM % -379 bps+108 bps 6.5%5.4%10.2%
Other income -66.7%-66.7% 1.03.03.0
Net profit -46.7%+0.0% 8.08.015.0
PAT margin % -474 bps+0 bps 4.3%4.3%9.0%
EPS (₹) -49.3%-8.4% 0.760.831.50

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹10.0 Cr: core business ₹9.0 Cr, other income ₹1.0 Cr.

Core profit YoY: -40.0% · reported profit -46.7%

Cash & debt

FY25 cash from operations ₹37.0 Cr: 79% of FY25 net profit of ₹47.0 Cr.

Borrowings ₹11.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹192₹186 -3.2% in line
Net profit₹12.0₹8.0 -33.3% below
📊 Investor presentation (19 Aug) Detailed financials →

Zuari Agro Chemicals Limited

ZUARI · Fertilizers · Q2 FY26 · Consolidated
M Cap
₹874 Cr
P/E
0.9
PEG
0.03
  • Profit +352% above its own trend
  • Operating margin expanded 323 bps YoY
  • 89% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +266%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +26.7%+14.2% 1,4231,2461,123
Operating profit +72.3%+23.4% 174141101
OPM % +323 bps+91 bps 12.2%11.3%9.0%
Other income —— 92372.081.0
Net profit? +803.2%+561.4% 84012793.0
PAT margin % +5075 bps+4884 bps 59.0%10.2%8.3%
EPS (₹) +892.6%+714.3% 191.6823.5419.31

Quality of profit

Core 11%Other income & one-offs 89%

Pre-tax profit ₹1,040 Cr: core business ₹117 Cr, other income ₹923 Cr.

Core profit YoY: +265.6% · reported profit +803.2%

Cash & debt

FY25 cash from operations ₹511 Cr: 222% of FY25 net profit of ₹230 Cr.

Borrowings ₹717 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,233₹1,423 +15.4% above
Net profit₹186₹840 +351.6% above
Detailed financials →

Hexa Tradex Limited

HEXATRADEX · Investment & Holding Companies · Q2 FY26 · Consolidated
M Cap
₹868 Cr
P/E
—
PEG
—
  • Operating margin contracted 7327 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.6%— 3.10.03.1
Operating profit -94.9%-69.2% 0.10.42.4
OPM % -7327 bps— 3.9%—77.1%
Other income —— 0.00.00.0
Net profit? loss narrowedloss widened -0.9-0.2-45.6
PAT margin % —— -28.6%——
EPS (₹) loss narrowedloss widened -0.16-0.03-8.25

Quality of profit

Pre-tax profit −₹0.4 Cr: core business −₹0.4 Cr, other income ₹0.0 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹22.5 Cr.

Borrowings ₹21.6 Cr at Mar 2025.

Detailed financials →

Vinsys IT Services India Limited

VINSYS · Education & E-Learning · H1 FY26 · Consolidated
M Cap
₹866 Cr
P/E
29.0
PEG
1.12
  • Profit -39% below its own trend
  • Operating margin contracted 461 bps YoY
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +22.4%+0.4% 12012098.0
Operating profit -14.6%-48.3% 12.824.714.9
OPM % -461 bps-1001 bps 10.6%20.6%15.2%
Other income +129.2%-59.3% 1.02.40.4
Net profit? -19.2%-53.7% 8.819.110.9
PAT margin % -380 bps-860 bps 7.4%16.0%11.2%
EPS (₹) -19.1%-53.7% 6.0313.017.45

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹9.7 Cr: core business ₹8.7 Cr, other income ₹1.0 Cr.

Core profit YoY: -27.7% · reported profit -19.2%

Cash & debt

FY25 cash from operations ₹13.0 Cr.

Borrowings ₹19.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹125₹120 -3.9% in line
Net profit₹14.5₹8.8 -38.9% below
Detailed financials →

Mukka Proteins Limited

MUKKA · Packaged Foods & Food Processing · Q2 FY26 · Consolidated
M Cap
₹864 Cr
P/E
11.7
PEG
1.94
  • Profit +999% above its own trend
  • Operating margin expanded 176 bps YoY
  • 60% 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 +64.1%+43.2% 245171149
Operating profit +107.2%+42.4% 20.714.610.0
OPM % +176 bps-5 bps 8.5%8.5%6.7%
Other income +50.0%+184.6% 6.02.14.0
Net profit? +588.4%+333.2% 6.91.61.0
PAT margin % +214 bps+188 bps 2.8%0.9%0.7%
EPS (₹) +185.7%+300.0% 0.200.050.07

Quality of profit

Core 40%Other income & one-offs 60%

Pre-tax profit ₹9.3 Cr: core business ₹3.7 Cr, other income ₹6.0 Cr.

Core profit YoY: from loss · reported profit +588.4%

Cash & debt

FY25 cash from operations −₹112 Cr: -238% of FY25 net profit of ₹47.1 Cr.

Borrowings ₹453 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹117₹245 +108.3% above
Net profit₹0.5₹6.9 +999.0% above
📊 Investor presentation (13 Aug) Detailed financials →

IFB Agro Industries Limited

IFBAGRO · Breweries & Distilleries · Q2 FY26 · Consolidated
M Cap
₹857 Cr
P/E
14.4
PEG
2.87
  • Operating margin expanded 741 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +50.7%+37.3% 402293267
Operating profit +647.7%+71.0% 37.321.85.0
OPM % +741 bps+183 bps 9.3%7.5%1.9%
Other income +2.7%-41.1% 4.57.74.4
Net profit? +986.1%+32.1% 22.717.22.1
PAT margin % +486 bps-22 bps 5.6%5.9%0.8%
EPS (₹) +986.5%+32.1% 24.2318.342.23

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹31.9 Cr: core business ₹27.4 Cr, other income ₹4.5 Cr.

Core profit YoY: — · reported profit +986.1%

Cash & debt

FY25 cash from operations ₹69.0 Cr: 1590% of FY25 net profit of ₹4.3 Cr.

Borrowings ₹6.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹174₹402 +131.1% above
Detailed financials →

A B Infrabuild Limited

ABINFRA · Construction & Infrastructure · Q2 FY26 · Standalone
M Cap
₹853 Cr
P/E
43.6
PEG
0.91
  • Profit -70% below its own trend
  • Operating margin contracted 114 bps YoY
  • 31% 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 -21.0%-38.4% 37.360.647.2
Operating profit -26.7%-43.2% 5.59.67.5
OPM % -114 bps-123 bps 14.6%15.9%15.8%
Other income +97.3%+7.4% 0.80.80.4
Net profit -40.5%-58.4% 2.15.13.6
PAT margin % -187 bps-274 bps 5.7%8.5%7.6%
EPS (₹) -45.0%-58.8% adj. 0.030.080.06

EPS restated for the ₹10 to ₹1 split of Oct 2025: Sep 2025 ₹0.33 to ₹0.03.

Quality of profit

Core 69%Other income & one-offs 31%

Pre-tax profit ₹2.9 Cr: core business ₹2.0 Cr, other income ₹0.8 Cr.

Core profit YoY: -56.8% · reported profit -40.5%

Cash & debt

FY25 cash from operations −₹24.0 Cr: -149% of FY25 net profit of ₹16.1 Cr.

Borrowings ₹86.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹94.5₹37.3 -60.5% below
Net profit₹7.2₹2.1 -70.2% below
Detailed financials →

Ambika Cotton Mills Limited

AMBIKCO · Textiles · Q2 FY26 · Standalone
M Cap
₹852 Cr
P/E
10.4
PEG
—
  • Profit +10% above its own trend
  • Operating margin expanded 200 bps YoY
  • Core business grew faster than reported profit (core profit +46%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.0%+4.2% 200192200
Operating profit +17.4%+0.0% 27.027.023.0
OPM % +200 bps-56 bps 13.5%14.1%11.5%
Other income -57.1%+0.0% 3.03.07.0
Net profit +14.3%+0.0% 16.016.014.0
PAT margin % +100 bps-33 bps 8.0%8.3%7.0%
EPS (₹) +13.3%+0.1% 27.8427.8124.58

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹22.0 Cr: core business ₹19.0 Cr, other income ₹3.0 Cr.

Core profit YoY: +46.2% · reported profit +14.3%

Cash & debt

FY25 cash from operations ₹129 Cr: 195% of FY25 net profit of ₹66.0 Cr.

Borrowings ₹51.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹171₹200 +16.6% above
Net profit₹14.5₹16.0 +10.1% above
Detailed financials →

Tirupati Forge Limited

TIRUPATIFL · Castings & Forgings · Q2 FY26 · Standalone
M Cap
₹849 Cr
P/E
139.3
PEG
—
  • Profit -23% below its own trend
  • Operating margin contracted 683 bps YoY
  • 58% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -76%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +22.9%+22.8% 39.732.332.3
Operating profit -33.2%-12.2% 3.23.74.8
OPM % -683 bps-325 bps 8.1%11.4%15.0%
Other income +256.7%+71.0% 1.10.60.3
Net profit -49.3%-5.0% 1.31.42.6
PAT margin % -482 bps-99 bps 3.4%4.4%8.2%
EPS (₹) -57.7%-8.3% 0.110.120.26

Quality of profit

Core 42%Other income & one-offs 58%

Pre-tax profit ₹1.8 Cr: core business ₹0.8 Cr, other income ₹1.1 Cr.

Core profit YoY: -76.4% · reported profit -49.3%

Cash & debt

FY25 cash from operations ₹6.0 Cr: 76% of FY25 net profit of ₹7.9 Cr.

Borrowings ₹26.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹31.3₹39.7 +26.6% above
Net profit₹1.7₹1.3 -23.1% below
Detailed financials →

Magadh Sugar & Energy Limited

MAGADSUGAR · Sugar · Q2 FY26 · Standalone
M Cap
₹845 Cr
P/E
16.5
PEG
2.06
  • Into loss: a profit a year ago
  • Profit -500% below its own trend
  • Operating margin contracted 586 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +0.0%-2.7% 324333324
Operating profit -90.5%-89.5% 2.019.121.0
OPM % -586 bps-511 bps 0.6%5.7%6.5%
Other income -100.0%-100.0% 0.00.81.0
Net profit to lossto loss -10.00.25.0
PAT margin % -463 bps-315 bps -3.1%0.1%1.5%
EPS (₹) to lossto loss -7.340.163.81

Quality of profit

Pre-tax profit −₹14.0 Cr: core business −₹14.0 Cr, other income ₹0.0 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹139 Cr: 128% of FY25 net profit of ₹109 Cr.

Borrowings ₹707 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹381₹324 -15.0% below
Net profit₹2.5−₹10.0 -500.0% below
📊 Investor presentation (04 Aug) Detailed financials →

DMCC SPECIALITY CHEMICALS LIMITED

DMCC · Chemicals · Q2 FY26 · Standalone
M Cap
₹844 Cr
P/E
21.1
PEG
0.33
  • Profit -50% below its own trend
  • Operating margin contracted 379 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +22.7%-0.8% 126127103
Operating profit -8.5%-17.0% 14.016.915.3
OPM % -379 bps-217 bps 11.1%13.3%14.9%
Other income -1.1%-18.7% 0.30.40.3
Net profit -0.8%-25.8% 5.87.85.8
PAT margin % -108 bps-154 bps 4.6%6.1%5.6%
EPS (₹) -0.9%-25.7% 2.313.112.33

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹8.3 Cr: core business ₹8.0 Cr, other income ₹0.3 Cr.

Core profit YoY: -3.5% · reported profit -0.8%

Cash & debt

FY25 cash from operations ₹38.0 Cr: 176% of FY25 net profit of ₹21.5 Cr.

Borrowings ₹72.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹152₹126 -16.9% below
Net profit₹11.6₹5.8 -50.4% below
Detailed financials →

TAC Infosec Limited

TAC · IT Services & Software · H1 FY26 · Consolidated
M Cap
₹840 Cr
P/E
37.3
PEG
—
  • Profit -17% below its own trend
  • Operating margin expanded 1226 bps YoY
  • Core business grew faster than reported profit (core profit +181%)
₹ CrYoYvs prev. half Sep 2025Mar 2025Sep 2024
Sales +145.7%+63.8% 29.518.012.0
Operating profit +206.0%+104.0% 18.49.06.0
OPM % +1226 bps+1226 bps 62.3%50.0%50.0%
Other income -13.0%-13.0% 0.91.01.0
Net profit? +66.9%+46.0% 11.78.07.0
PAT margin % -1873 bps-484 bps 39.6%44.4%58.3%
EPS (₹) +79.3%+48.7% adj. 5.583.753.11

EPS restated for the 1:1 bonus of Oct 2025: Sep 2025 ₹11.15 to ₹5.58.

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹17.8 Cr: core business ₹16.9 Cr, other income ₹0.9 Cr.

Core profit YoY: +181.3% · reported profit +66.9%

Cash & debt

FY25 cash from operations ₹19.0 Cr.

Borrowings ₹2.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹24.0₹29.5 +22.9% above
Net profit₹14.0₹11.7 -16.6% below
Detailed financials →

Quick Heal Technologies Limited

QUICKHEAL · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹828 Cr
P/E
—
PEG
—
  • Profit +281% above its own trend
  • Operating margin expanded 687 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 +13.6%+45.9% 83.557.273.5
Operating profit +200.7%from loss 9.2-9.73.1
OPM % +687 bps+2805 bps 11.1%-17.0%4.2%
Other income -15.8%-23.8% 4.45.85.2
Net profit? +90.6%from loss 7.9-5.54.2
PAT margin % +382 bps+1910 bps 9.5%-9.6%5.6%
EPS (₹) +85.7%from loss 1.43-1.000.77

Quality of profit

Core 57%Other income & one-offs 43%

Pre-tax profit ₹10.3 Cr: core business ₹5.9 Cr, other income ₹4.4 Cr.

Core profit YoY: from loss · reported profit +90.6%

Cash & debt

FY25 cash from operations −₹22.0 Cr: -437% of FY25 net profit of ₹5.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹61.6₹83.5 +35.6% above
Net profit₹2.1₹7.9 +281.2% above
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