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 13 Oct 2026, 15:50 IST 5073 declared
The next results season has started: 36 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 6 of 170

Nippon Life India Asset Management Limited

NAM-INDIA · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹67,625 Cr
P/E
—
PEG
—
  • Profit -20% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +0.4%-7.7% 695753692
Operating profit (pre-provision) -6.3%-13.1% 456524486
Net profit? -4.3%-13.0% 345396360
EPS (₹) -4.7%-13.1% 5.426.245.69

Where profit came from

Pre-provision profit ₹456 Cr (-6.3% YoY).

Net profit -4.3% YoY.

Against its own trend ?

TrendActualGap
Total income₹819₹695 -15.2% below
Net profit₹429₹345 -19.7% below
📊 Investor presentation (31 Aug) Detailed financials →

Waaree Energies Limited

WAAREEENER · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹67,454 Cr
P/E
16.9
PEG
0.17
  • Profit +42% above its own trend
  • Operating margin expanded 850 bps YoY
  • Core business grew faster than reported profit (core profit +227%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +69.7%+37.0% 6,0664,4263,574
Operating profit +167.9%+41.1% 1,406997525
OPM % +850 bps+66 bps 23.2%22.5%14.7%
Other income +80.8%-5.9% 16117189.0
Net profit? +133.6%+13.6% 878773376
PAT margin % +396 bps-299 bps 14.5%17.5%10.5%
EPS (₹) +113.6%+13.1% 29.3325.9413.73

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹1,231 Cr: core business ₹1,071 Cr, other income ₹161 Cr.

Core profit YoY: +227.2% · reported profit +133.6%

Cash & debt

FY25 cash from operations ₹3,158 Cr: 164% of FY25 net profit of ₹1,928 Cr.

Borrowings ₹1,199 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,757₹6,066 +27.5% above
Net profit₹617₹878 +42.2% above
📊 Investor presentation (30 Jul) Detailed financials →

ICICI Prudential Life Insurance Company Limited

ICICIPRULI · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹67,229 Cr
P/E
41.8
PEG
1.61
  • Profit -15% below its own trend
  • Operating margin contracted 143 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -52.6%-53.0% 11,93625,40125,158
Operating profit to lossto loss -19.0213319
OPM % -143 bps-100 bps -0.2%0.8%1.3%
Other income from loss+130.5% 408177-17.0
Net profit? +17.9%-1.7% 296301251
PAT margin % +148 bps+129 bps 2.5%1.2%1.0%
EPS (₹) +17.2%-1.9% 2.042.081.74

Quality of profit

Pre-tax profit ₹389 Cr: core business −₹19.0 Cr, other income ₹408 Cr.

Core profit YoY: to loss · reported profit +17.9%

Cash & debt

FY25 cash from operations −₹9,408 Cr: -794% of FY25 net profit of ₹1,185 Cr.

Borrowings ₹2,600 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹21,359₹11,936 -44.1% below
Net profit₹348₹296 -15.0% below
📊 Investor presentation (13 Oct) Detailed financials →

IndusInd Bank Limited

INDUSINDBK · Private Sector Banks · Q2 FY26 · Consolidated
M Cap
₹66,461 Cr
P/E
50.3
PEG
—
  • Into loss: a profit a year ago
  • Profit -154% below its own trend
  • Gross NPA up 149 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -10.8%-8.0% 13,26014,42114,871
Net interest income -17.5%-5.0% 4,4104,6405,347
Other income -24.4%-23.5% 1,6512,1572,185
Net profit? to lossto loss -4376041,331
EPS (₹) to lossto loss -5.617.7517.09
Gross NPA % +149 bps-4 bps 3.6%3.6%2.1%
Net NPA % +40 bps-8 bps 1.0%1.1%0.6%

Against its own trend ?

TrendActualGap
NII₹4,934₹4,410 -10.6% below
Net profit₹805−₹437 -154.3% below
📊 Investor presentation (22 Jul) Detailed financials →

Dabur India Limited

DABUR · Personal Care & FMCG · Q2 FY26 · Consolidated
M Cap
₹66,417 Cr
P/E
34.1
PEG
8.53
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +5.4%-6.3% 3,1913,4053,029
Operating profit +6.3%-11.9% 588668553
OPM % +17 bps-119 bps 18.4%19.6%18.3%
Other income -7.8%-2.7% 140144152
Net profit? +6.4%-12.5% 445508418
PAT margin % +14 bps-99 bps 13.9%14.9%13.8%
EPS (₹) +6.2%-12.1% 2.552.902.40

Quality of profit

Core 76%Other income & one-offs 24%

Pre-tax profit ₹573 Cr: core business ₹433 Cr, other income ₹140 Cr.

Core profit YoY: +9.6% · reported profit +6.4%

Cash & debt

FY25 cash from operations ₹1,987 Cr: 114% of FY25 net profit of ₹1,741 Cr.

Borrowings ₹950 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,062₹3,191 +4.2% in line
Net profit₹405₹445 +9.8% in line
📊 Investor presentation (06 Aug) Detailed financials →

Havells India Limited

HAVELLS · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹66,019 Cr
P/E
40.4
PEG
2.53
  • Profit +17% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +5.3%-12.4% 4,7795,4554,539
Operating profit +16.9%-15.0% 438516375
OPM % +91 bps-28 bps 9.2%9.5%8.3%
Other income -7.1%+24.7% 86.369.292.9
Net profit? +18.9%-8.4% 318348268
PAT margin % +76 bps+29 bps 6.7%6.4%5.9%
EPS (₹) +18.9%-8.3% 5.095.554.28

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹415 Cr: core business ₹324 Cr, other income ₹86.3 Cr, exceptional & other items ₹4.8 Cr.

Core profit YoY: +19.7% · reported profit +18.9%

Cash & debt

FY25 cash from operations ₹1,523 Cr: 104% of FY25 net profit of ₹1,470 Cr.

Borrowings ₹319 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,155₹4,779 -7.3% below
Net profit₹273₹318 +16.5% above
📊 Investor presentation (17 Jul) Detailed financials →

L&T Finance Limited

LTF · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹65,834 Cr
P/E
14.2
PEG
0.06
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +7.7%+1.8% 4,3364,2604,024
Net interest income +10.3%+5.5% 2,4032,2792,178
Other income -19.3%-13.5% 298345370
Operating profit (pre-provision) +0.3%+0.6% 1,4941,4861,490
Provisions -8.2%-6.8% 506542551
Net profit? +5.5%+4.9% 735701697
EPS (₹) +5.4%+4.6% 2.942.812.79
Cost-to-income % +317 bps+130 bps 44.7%43.4%41.5%

Where profit came from

Pre-provision profit ₹1,494 Cr (+0.3% YoY); provisions ₹506 Cr (-8.2% YoY).

Net profit +5.5% YoY.

Against its own trend ?

TrendActualGap
NII₹2,495₹2,403 -3.7% in line
Net profit₹757₹735 -2.9% in line
📊 Investor presentation (10 Jul) Detailed financials →

The Phoenix Mills Limited

PHOENIXLTD · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹65,813 Cr
P/E
42.8
PEG
3.06
  • Profit +33% above its own trend
  • Operating margin expanded 340 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +21.5%+17.0% 1,115953918
Operating profit +28.8%+18.2% 667564518
OPM % +340 bps+58 bps 59.8%59.2%56.4%
Other income -17.0%-2.3% 30.831.537.1
Net profit? +31.7%+19.3% 383321291
PAT margin % +266 bps+65 bps 34.3%33.7%31.7%
EPS (₹) +4.0%+26.3% 8.506.738.17

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹515 Cr: core business ₹484 Cr, other income ₹30.8 Cr.

Core profit YoY: +43.5% · reported profit +31.7%

Cash & debt

FY25 cash from operations ₹2,084 Cr: 160% of FY25 net profit of ₹1,303 Cr.

Borrowings ₹4,687 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹935₹1,115 +19.2% above
Net profit₹287₹383 +33.3% above
📊 Investor presentation (28 Jul) Detailed financials →

RBL Bank Limited

RBLBANK · Private Sector Banks · Q2 FY26 · Consolidated
M Cap
₹64,748 Cr
P/E
53.8
PEG
—
  • Profit +66% above its own trend
  • Gross NPA down 56 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -0.4%-1.6% 4,4424,5134,459
Net interest income -3.9%+4.8% 1,5521,4811,615
Other income +0.6%-12.9% 9341,071928
Operating profit (pre-provision) -19.3%+3.5% 745720923
Provisions -19.2%+13.0% 500442618
Net profit? -16.9%-10.2% 192214232
EPS (₹) -17.5%-10.5% 3.153.523.82
Cost-to-income % +632 bps-177 bps 70.0%71.8%63.7%
Gross NPA % -56 bps-46 bps 2.3%2.8%2.9%
Net NPA % -22 bps+12 bps 0.6%0.5%0.8%

Where profit came from

Pre-provision profit ₹745 Cr (-19.3% YoY); provisions ₹500 Cr (-19.2% YoY).

Net profit -16.9% YoY.

Against its own trend ?

TrendActualGap
NII₹1,617₹1,552 -4.0% in line
Net profit₹116₹192 +66.1% above
📊 Investor presentation (12 Oct) Detailed financials →

Glenmark Pharmaceuticals Limited

GLENMARK · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹64,432 Cr
P/E
35.8
PEG
0.47
  • Operating margin expanded 2149 bps YoY
  • Exceptional items of ₹1,385 Cr in the quarter
  • Core business grew faster than reported profit (core profit +396%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +76.1%+85.2% 6,0473,2643,434
Operating profit +292.0%+306.5% 2,360581602
OPM % +2149 bps+2124 bps 39.0%17.8%17.5%
Other income +414.4%+658.8% 20126.439.0
Net profit? +72.4%— 61047.0354
PAT margin % -21 bps+866 bps 10.1%1.4%10.3%
EPS (₹) +72.4%— 21.631.6612.55

Quality of profit

Pre-tax profit ₹967 Cr: core business ₹2,152 Cr, other income ₹201 Cr, exceptional & other items −₹1,385 Cr.

Core profit YoY: +395.8% · reported profit +72.4%

Cash & debt

FY25 cash from operations −₹828 Cr: -20% of FY25 net profit of ₹4,179 Cr.

Borrowings ₹2,473 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,664₹6,047 +65.0% above
📊 Investor presentation (09 Jun) Detailed financials →

Yes Bank Limited

YESBANK · Private Sector Banks · Q2 FY26 · Consolidated
M Cap
₹64,158 Cr
P/E
17.0
PEG
0.25
  • Profit -41% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -1.2%-3.4% 9,1139,4299,225
Net interest income +4.7%-3.1% 2,2962,3702,194
Other income +15.9%-5.5% 1,7241,8251,488
Operating profit (pre-provision) +31.7%-4.3% 1,3101,369995
Provisions +40.9%+47.5% 419284297
Net profit? +17.2%-17.8% 664809567
EPS (₹) +16.7%-19.2% 0.210.260.18
Cost-to-income % -557 bps+5 bps 67.4%67.4%73.0%
Gross NPA % +0 bps+0 bps 1.6%1.6%1.6%
Net NPA % -20 bps+0 bps 0.3%0.3%0.5%

Where profit came from

Pre-provision profit ₹1,310 Cr (+31.7% YoY); provisions ₹419 Cr (+40.9% YoY).

Net profit +17.2% YoY.

Against its own trend ?

TrendActualGap
NII₹2,367₹2,296 -3.0% in line
Net profit₹1,133₹664 -41.4% below
Detailed financials →

Bank of Maharashtra

MAHABANK · Public Sector Banks · Q2 FY26 · Consolidated
M Cap
₹63,840 Cr
P/E
8.5
PEG
0.22
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +17.1%+1.2% 7,9747,8796,809
Net interest income +15.7%-1.3% 3,2483,2922,807
Other income +6.8%+2.5% 846825792
Net profit? +25.2%+10.9% 1,6691,5041,333
EPS (₹) +15.4%+10.7% 2.171.961.88
Gross NPA % -12 bps-2 bps 1.7%1.7%1.8%
Net NPA % -2 bps+0 bps 0.2%0.2%0.2%

Against its own trend ?

TrendActualGap
NII₹3,326₹3,248 -2.3% in line
Net profit₹1,720₹1,669 -3.0% in line
📊 Investor presentation (07 Sep) Detailed financials →

UNO Minda Limited

UNOMINDA · Auto Components · Q2 FY26 · Consolidated
M Cap
₹63,775 Cr
P/E
49.7
PEG
2.16
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +13.4%+7.2% 4,8144,4894,245
Operating profit +14.4%+1.6% 552543482
OPM % +10 bps-64 bps 11.5%12.1%11.4%
Other income +498.6%+7.5% 12.912.02.2
Net profit? +21.3%+4.5% 323309266
PAT margin % +43 bps-18 bps 6.7%6.9%6.3%
EPS (₹) +23.7%+4.3% 5.285.064.27

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹409 Cr: core business ₹333 Cr, other income ₹12.9 Cr, exceptional & other items ₹63.4 Cr.

Core profit YoY: +16.6% · reported profit +21.3%

Cash & debt

FY25 cash from operations ₹1,071 Cr: 105% of FY25 net profit of ₹1,020 Cr.

Borrowings ₹2,473 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,016₹4,814 -4.0% in line
Net profit₹314₹323 +2.8% in line
📊 Investor presentation (04 Aug) Detailed financials →

Motilal Oswal Financial Services Limited

MOTILALOFS · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹63,304 Cr
P/E
—
PEG
—
  • Profit -75% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -34.6%-32.2% 1,8602,7442,846
Net interest income +1.5%+17.8% 324275319
Other income -44.1%-44.0% 1,2182,1742,180
Net profit? -67.6%-68.8% 3631,1631,122
EPS (₹) -67.8%-68.8% 6.0419.3918.74

Against its own trend ?

TrendActualGap
NII₹424₹324 -23.4% below
Net profit₹1,476₹363 -75.4% below
📊 Investor presentation (29 Apr) Detailed financials →

Alkem Laboratories Limited

ALKEM · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹62,234 Cr
P/E
28.5
PEG
0.89
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +17.2%+18.7% 4,0013,3713,415
Operating profit +22.3%+24.6% 921739753
OPM % +97 bps+109 bps 23.0%21.9%22.0%
Other income -22.6%-30.4% 104149134
Net profit? +13.1%+17.3% 779664689
PAT margin % -69 bps-23 bps 19.5%19.7%20.2%
EPS (₹) +11.1%+15.2% 63.9955.5657.60

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹896 Cr: core business ₹792 Cr, other income ₹104 Cr.

Core profit YoY: +22.7% · reported profit +13.1%

Cash & debt

FY25 cash from operations ₹1,913 Cr: 88% of FY25 net profit of ₹2,166 Cr.

Borrowings ₹1,381 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,562₹4,001 +12.3% above
Net profit₹744₹779 +4.7% in line
📊 Investor presentation (14 Aug) Detailed financials →

Adani Total Gas Limited

ATGL · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹61,941 Cr
P/E
98.0
PEG
16.34
  • Operating margin contracted 446 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +19.6%+5.2% 1,5761,4981,318
Operating profit -3.4%+0.8% 295293306
OPM % -446 bps-83 bps 18.7%19.6%23.2%
Other income +31.1%+7.2% 8.78.16.6
Net profit? -11.9%-1.1% 163165186
PAT margin % -371 bps-66 bps 10.4%11.0%14.1%
EPS (₹) -11.8%-0.7% 1.491.501.69

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹219 Cr: core business ₹207 Cr, other income ₹8.7 Cr, exceptional & other items ₹2.9 Cr.

Core profit YoY: -10.4% · reported profit -11.9%

Cash & debt

FY25 cash from operations ₹964 Cr: 147% of FY25 net profit of ₹654 Cr.

Borrowings ₹1,834 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,504₹1,576 +4.8% in line
Net profit₹175₹163 -6.4% in line
Detailed financials →

NMDC Limited

NMDC · Mining & Minerals · Q2 FY26 · Consolidated
M Cap
₹61,842 Cr
P/E
8.3
PEG
0.49
  • Profit +29% above its own trend
  • Operating margin expanded 241 bps YoY
  • FY25 operating cash flow was only 29% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +32.7%-5.4% 6,3786,7394,807
Operating profit +43.8%-19.6% 1,9932,4781,386
OPM % +241 bps-552 bps 31.2%36.8%28.8%
Other income +103.4%+27.7% 383300188
Net profit? +40.9%-13.7% 1,6981,9681,205
PAT margin % +155 bps-258 bps 26.6%29.2%25.1%
EPS (₹) +39.9%-13.8% 1.932.241.38

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹2,259 Cr: core business ₹1,875 Cr, other income ₹383 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +49.5% · reported profit +40.9%

Cash & debt

FY25 cash from operations ₹1,894 Cr: 29% of FY25 net profit of ₹6,548 Cr.

Borrowings ₹4,276 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,796₹6,378 +10.1% above
Net profit₹1,315₹1,698 +29.1% above
📊 Investor presentation (30 May) Detailed financials →

Oberoi Realty Limited

OBEROIRLTY · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹61,812 Cr
P/E
—
PEG
—
  • Profit +28% above its own trend
  • Operating margin contracted 516 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +34.8%+80.1% 1,7799881,320
Operating profit +23.8%+96.1% 1,029525831
OPM % -516 bps+471 bps 57.8%53.1%63.0%
Other income —+34.5% 77.057.22.7
Net profit? +29.0%+80.5% 760421589
PAT margin % -191 bps+9 bps 42.7%42.6%44.6%
EPS (₹) +29.0%+80.4% 20.9111.5916.21

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹993 Cr: core business ₹925 Cr, other income ₹77.0 Cr, exceptional & other items −₹8.6 Cr.

Core profit YoY: +21.9% · reported profit +29.0%

Cash & debt

FY25 cash from operations ₹2,163 Cr: 97% of FY25 net profit of ₹2,224 Cr.

Borrowings ₹3,300 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,293₹1,779 +37.6% above
Net profit₹592₹760 +28.4% above
📊 Investor presentation (17 Jul) Detailed financials →

Prestige Estates Projects Limited

PRESTIGE · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹61,573 Cr
P/E
48.7
PEG
2.70
  • Profit +289% above its own trend
  • Operating margin expanded 1051 bps YoY
  • 48% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +378%)
  • FY25 operating cash flow was only 21% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +5.6%+5.4% 2,4322,3072,304
Operating profit +46.8%+3.8% 910877620
OPM % +1051 bps-60 bps 37.4%38.0%26.9%
Other income +133.6%+72.7% 278161119
Net profit? +94.5%+46.5% 457312235
PAT margin % +859 bps+527 bps 18.8%13.5%10.2%
EPS (₹) +124.0%+47.1% 9.996.794.46

Quality of profit

Core 52%Other income & one-offs 48%

Pre-tax profit ₹584 Cr: core business ₹306 Cr, other income ₹278 Cr.

Core profit YoY: +378.1% · reported profit +94.5%

Cash & debt

FY25 cash from operations ₹131 Cr: 21% of FY25 net profit of ₹617 Cr.

Borrowings ₹13,180 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,248₹2,432 +8.2% above
Net profit₹118₹457 +288.9% above
📊 Investor presentation (29 Jul) Detailed financials →

Radico Khaitan Limited

RADICO · Breweries & Distilleries · Q2 FY26 · Consolidated
M Cap
₹61,029 Cr
P/E
86.8
PEG
2.12
  • Profit +17% above its own trend
  • Operating margin expanded 142 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +33.9%-0.8% 1,4941,5061,116
Operating profit +47.0%+2.4% 238232162
OPM % +142 bps+49 bps 15.9%15.4%14.5%
Other income -26.0%+29.9% 2.41.83.2
Net profit? +73.0%+6.9% 14013180.7
PAT margin % +211 bps+67 bps 9.3%8.7%7.2%
EPS (₹) +73.0%+7.0% 10.439.756.03

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹187 Cr: core business ₹184 Cr, other income ₹2.4 Cr, exceptional & other items ₹0.6 Cr.

Core profit YoY: +71.7% · reported profit +73.0%

Cash & debt

FY25 cash from operations ₹363 Cr: 105% of FY25 net profit of ₹346 Cr.

Borrowings ₹750 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹558₹1,494 +167.7% above
Net profit₹119₹140 +17.0% above
📊 Investor presentation (28 Jul) Detailed financials →

Bank of India Limited

BANKINDIA · Public Sector Banks · Q2 FY26 · Consolidated
M Cap
₹60,733 Cr
P/E
5.2
PEG
0.12
  • Profit -29% below its own trend
  • Gross NPA down 187 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +3.7%+2.9% 20,73920,15919,998
Net interest income -1.2%-2.5% 5,9916,1466,063
Other income -12.4%+31.1% 2,2181,6922,532
Net profit? +6.4%+40.7% 2,5761,8312,422
EPS (₹) +6.4%+40.8% 5.664.025.32
Gross NPA % -187 bps-38 bps 2.5%2.9%4.4%
Net NPA % -29 bps-10 bps 0.7%0.8%0.9%

Against its own trend ?

TrendActualGap
NII₹6,267₹5,991 -4.4% in line
Net profit₹3,611₹2,576 -28.7% below
📊 Investor presentation (08 Sep) Detailed financials →

Swiggy Limited

SWIGGY · Miscellaneous · Q2 FY26 · Consolidated
M Cap
₹60,260 Cr
P/E
—
PEG
—
  • Operating margin expanded 102 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +54.4%+12.1% 5,5614,9613,601
Operating profit loss widenedloss narrowed -799-955-554
OPM % +102 bps+488 bps -14.4%-19.3%-15.4%
Other income -30.4%-32.2% 59.087.084.8
Net profit? loss widenedloss narrowed -1,092-1,197-626
PAT margin % -227 bps+449 bps -19.6%-24.1%-17.4%
EPS (₹) loss widenedloss narrowed -4.38-4.80-2.80

Quality of profit

Pre-tax profit −₹1,092 Cr: core business −₹1,151 Cr, other income ₹59.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹2,169 Cr.

Borrowings ₹1,703 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,965₹5,561 +12.0% above
📊 Investor presentation (06 Aug) Detailed financials →

Ather Energy Limited

ATHERENERG · Two & Three Wheelers · Q2 FY26 · Standalone
M Cap
₹59,927 Cr
P/E
—
PEG
—
  • Operating margin expanded 912 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +53.9%+39.4% 899645584
Operating profit loss narrowedloss narrowed -132-134-139
OPM % +912 bps+609 bps -14.7%-20.8%-23.8%
Other income +180.0%+50.0% 42.028.015.0
Net profit loss narrowedloss narrowed -154-178-197
PAT margin % +1660 bps+1047 bps -17.1%-27.6%-33.7%
EPS (₹) loss narrowedloss narrowed -4.05-4.78-64.01

Quality of profit

Pre-tax profit −₹154 Cr: core business −₹196 Cr, other income ₹42.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹721 Cr.

Borrowings ₹619 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹901₹899 -0.2% in line
📊 Investor presentation (04 May) Detailed financials →

APL Apollo Tubes Limited

APLAPOLLO · Iron & Steel · Q2 FY26 · Consolidated
M Cap
₹59,902 Cr
P/E
48.8
PEG
2.12
  • Profit +484% above its own trend
  • Operating margin expanded 570 bps YoY
  • Core business grew faster than reported profit (core profit +557%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +9.1%+0.7% 5,2065,1704,774
Operating profit +223.9%+20.2% 447372138
OPM % +570 bps+139 bps 8.6%7.2%2.9%
Other income +67.1%-3.6% 25.126.015.0
Net profit? +458.4%+159.8% 30211654.0
PAT margin % +466 bps+355 bps 5.8%2.2%1.1%
EPS (₹) +459.8%+159.8% 10.864.181.94

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹386 Cr: core business ₹361 Cr, other income ₹25.1 Cr.

Core profit YoY: +556.9% · reported profit +458.4%

Cash & debt

FY25 cash from operations ₹1,213 Cr: 160% of FY25 net profit of ₹757 Cr.

Borrowings ₹634 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,240₹5,206 -0.6% in line
Net profit₹51.6₹302 +484.2% above
📊 Investor presentation (01 Aug) Detailed financials →

Aster DM Quality Care Limited

ASTERDM · Hospitals & Healthcare Services · Q2 FY26 · Consolidated
M Cap
₹59,221 Cr
P/E
163.0
PEG
—
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +10.2%+11.0% 1,1971,0781,086
Operating profit +7.4%+16.8% 236202220
OPM % -51 bps+98 bps 19.7%18.7%20.2%
Other income -20.5%-3.4% 28.029.035.2
Net profit? +14.4%+28.7% 12194.0106
PAT margin % +37 bps+139 bps 10.1%8.7%9.7%
EPS (₹) +9.3%+28.5% 2.121.651.94

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹167 Cr: core business ₹139 Cr, other income ₹28.0 Cr.

Core profit YoY: +10.3% · reported profit +14.4%

Cash & debt

FY25 cash from operations ₹425 Cr: 237% of FY25 net profit of ₹179 Cr.

Borrowings ₹2,392 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹543₹1,197 +120.4% above
📊 Investor presentation (05 Aug) Detailed financials →

Torrent Power Limited

TORNTPOWER · Power Generation & Utilities · Q2 FY26 · Consolidated
M Cap
₹59,178 Cr
P/E
24.5
PEG
4.09
  • Profit +38% above its own trend
  • Operating margin expanded 230 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +9.8%-0.4% 7,8767,9067,176
Operating profit +24.8%+1.5% 1,5061,4831,207
OPM % +230 bps+36 bps 19.1%18.8%16.8%
Other income -37.7%-25.8% 77.9105125
Net profit? +50.8%+8.3% 742685492
PAT margin % +256 bps+75 bps 9.4%8.7%6.9%
EPS (₹) +40.4%+5.7% 14.3613.5910.23

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹979 Cr: core business ₹901 Cr, other income ₹77.9 Cr.

Core profit YoY: +59.8% · reported profit +50.8%

Cash & debt

FY25 cash from operations ₹4,805 Cr: 157% of FY25 net profit of ₹3,054 Cr.

Borrowings ₹8,840 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7,211₹7,876 +9.2% above
Net profit₹536₹742 +38.3% above
📊 Investor presentation (03 Aug) Detailed financials →

Kalyan Jewellers India Limited

KALYANKJIL · Gems & Jewellery · Q2 FY26 · Consolidated
M Cap
₹58,572 Cr
P/E
40.8
PEG
0.93
  • Profit +55% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +29.5%+8.1% 7,8567,2686,065
Operating profit +51.9%-2.2% 497508327
OPM % +93 bps-66 bps 6.3%7.0%5.4%
Other income +97.8%+11.1% 51.446.326.0
Net profit? +99.9%-1.4% 261264130
PAT margin % +117 bps-32 bps 3.3%3.6%2.1%
EPS (₹) +98.4%-1.6% 2.522.561.27

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹350 Cr: core business ₹299 Cr, other income ₹51.4 Cr.

Core profit YoY: +96.7% · reported profit +99.9%

Cash & debt

FY25 cash from operations ₹1,209 Cr: 169% of FY25 net profit of ₹714 Cr.

Borrowings ₹4,959 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8,301₹7,856 -5.4% below
Net profit₹168₹261 +55.1% above
📊 Investor presentation (04 Aug) Detailed financials →

Indian Overseas Bank

IOB · Public Sector Banks · Q2 FY26 · Consolidated
M Cap
₹58,251 Cr
P/E
9.8
PEG
0.26
  • Profit +25% above its own trend
  • Profit growth came mainly from lower provisions (pre-provision profit +13%)
  • Gross NPA down 89 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +8.6%+3.9% 9,2168,8688,490
Net interest income +20.6%+11.4% 3,0612,7482,539
Other income -16.5%-7.8% 1,3651,4801,636
Operating profit (pre-provision) +12.7%+1.8% 2,4022,3592,131
Provisions -41.3%-20.3% 6728441,146
Net profit? +61.5%+6.8% 1,2591,178780
EPS (₹) +58.5%+6.6% 0.650.610.41
Cost-to-income % -322 bps+153 bps 45.7%44.2%49.0%
Gross NPA % -89 bps-14 bps 1.8%2.0%2.7%
Net NPA % -19 bps-4 bps 0.3%0.3%0.5%

Where profit came from

Pre-provision profit ₹2,402 Cr (+12.7% YoY); provisions ₹672 Cr (-41.3% YoY).

Net profit +61.5% YoY.

Against its own trend ?

TrendActualGap
NII₹2,863₹3,061 +6.9% above
Net profit₹1,010₹1,259 +24.6% above
📊 Investor presentation (20 Jul) Detailed financials →

Jindal Stainless Limited

JSL · Iron & Steel · Q2 FY26 · Consolidated
M Cap
₹58,245 Cr
P/E
18.0
PEG
1.20
  • Profit +29% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +11.4%+6.7% 10,89310,2079,777
Operating profit +17.0%+6.0% 1,3881,3101,186
OPM % +61 bps-9 bps 12.7%12.8%12.1%
Other income +90.6%+30.2% 89.768.947.0
Net profit? +32.6%+13.0% 808715609
PAT margin % +118 bps+42 bps 7.4%7.0%6.2%
EPS (₹) +32.1%+13.0% 9.808.677.42

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹1,078 Cr: core business ₹985 Cr, other income ₹89.7 Cr, exceptional & other items ₹3.6 Cr.

Core profit YoY: +25.2% · reported profit +32.6%

Cash & debt

FY25 cash from operations ₹4,718 Cr: 189% of FY25 net profit of ₹2,500 Cr.

Borrowings ₹6,402 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹10,565₹10,893 +3.1% in line
Net profit₹626₹808 +29.1% above
📊 Investor presentation (03 Aug) Detailed financials →

Schaeffler India Limited

SCHAEFFLER · Bearings & Abrasives · Q2 FY26 · Consolidated
M Cap
₹57,704 Cr
P/E
46.0
PEG
4.60
  • Operating margin expanded 130 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +15.0%+3.5% 2,4352,3532,116
Operating profit +23.6%+6.0% 456430369
OPM % +130 bps+44 bps 18.7%18.3%17.4%
Other income +3.0%-34.0% 28.443.027.6
Net profit? +22.4%+0.7% 289287236
PAT margin % +71 bps-32 bps 11.9%12.2%11.2%
EPS (₹) +22.5%+0.5% 18.5018.4015.10

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹395 Cr: core business ₹367 Cr, other income ₹28.4 Cr.

Core profit YoY: +24.7% · reported profit +22.4%

Cash & debt

Borrowings ₹56.0 Cr at Dec 2024.

Against its own trend ?

TrendActualGap
Sales₹2,414₹2,435 +0.9% in line
Net profit₹269₹289 +7.5% in line
📊 Investor presentation (23 Jul) 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, 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