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 7 of 170

Fortis Healthcare Limited

FORTIS · Hospitals & Healthcare Services · Q2 FY26 · Consolidated
M Cap
₹57,169 Cr
P/E
53.7
PEG
1.99
  • Profit +32% above its own trend
  • Operating margin expanded 199 bps YoY
  • Exceptional items of ₹23.5 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +17.3%+7.6% 2,3312,1671,988
Operating profit +27.9%+13.3% 556491435
OPM % +199 bps+120 bps 23.9%22.7%21.9%
Other income +98.3%-15.3% 26.331.013.2
Net profit? +70.3%+23.2% 329267193
PAT margin % +439 bps+178 bps 14.1%12.3%9.7%
EPS (₹) +82.1%+23.5% 4.263.452.34

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹425 Cr: core business ₹376 Cr, other income ₹26.3 Cr, exceptional & other items ₹23.5 Cr.

Core profit YoY: +23.8% · reported profit +70.3%

Cash & debt

FY25 cash from operations ₹1,424 Cr: 176% of FY25 net profit of ₹809 Cr.

Borrowings ₹2,475 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,259₹2,331 +3.2% in line
Net profit₹250₹329 +31.8% above
📊 Investor presentation (06 Aug) Detailed financials →

National Aluminium Company Limited

NATIONALUM · Aluminium · Q2 FY26 · Consolidated
M Cap
₹57,083 Cr
P/E
8.5
PEG
0.14
  • Profit -32% below its own trend
  • Operating margin expanded 632 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.3%+12.8% 4,2923,8074,001
Operating profit +24.8%+29.5% 1,9331,4921,549
OPM % +632 bps+584 bps 45.0%39.2%38.7%
Other income +111.0%+22.6% 15112471.8
Net profit? +36.7%+36.3% 1,4301,0491,046
PAT margin % +717 bps+575 bps 33.3%27.6%26.1%
EPS (₹) +36.7%+36.4% 7.795.715.70

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹1,892 Cr: core business ₹1,744 Cr, other income ₹151 Cr, exceptional & other items −₹3.2 Cr.

Core profit YoY: +27.8% · reported profit +36.7%

Cash & debt

FY25 cash from operations ₹5,806 Cr: 110% of FY25 net profit of ₹5,268 Cr.

Borrowings ₹182 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,453₹4,292 -21.3% below
Net profit₹2,092₹1,430 -31.6% below
📊 Investor presentation (14 Sep) Detailed financials →

Biocon Limited

BIOCON · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹56,396 Cr
P/E
135.3
PEG
—
  • Profit +880% above its own trend
  • 47% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-11.9 Cr in the quarter
  • Profit grew faster than the core business (core profit +126%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +19.6%+9.0% 4,2963,9423,590
Operating profit +21.9%+11.6% 835749685
OPM % +36 bps+45 bps 19.4%19.0%19.1%
Other income +186.2%+16.7% 93.079.732.5
Net profit? +390.0%+48.9% 13389.227.1
PAT margin % +234 bps+83 bps 3.1%2.3%0.8%
EPS (₹) from loss+153.8% 0.660.26-0.13

Quality of profit

Core 53%Other income & one-offs 47%

Pre-tax profit ₹171 Cr: core business ₹90.2 Cr, other income ₹93.0 Cr, exceptional & other items −₹11.9 Cr.

Core profit YoY: +126.1% · reported profit +390.0%

Cash & debt

FY25 cash from operations ₹4,061 Cr: 284% of FY25 net profit of ₹1,429 Cr.

Borrowings ₹18,362 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,886₹4,296 +10.5% above
Net profit₹13.6₹133 +880.1% above
📊 Investor presentation (06 Aug) Detailed financials →

General Insurance Corporation of India

GICRE · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹55,474 Cr
P/E
6.2
PEG
0.52
  • Profit +37% above its own trend
  • Operating margin expanded 243 bps YoY
  • Profit grew faster than the core business (core profit +16%)
  • FY25 operating cash flow was only 27% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +3.0%-12.8% 12,75514,62312,378
Operating profit +16.1%+6.0% 2,7622,6052,380
OPM % +243 bps+384 bps 21.7%17.8%19.2%
Other income from loss+837.3% 55359.0-93.0
Net profit? +54.8%+13.6% 2,8742,5311,856
PAT margin % +754 bps+522 bps 22.5%17.3%15.0%
EPS (₹) +54.8%+13.6% 16.3814.4210.58

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹3,315 Cr: core business ₹2,762 Cr, other income ₹553 Cr.

Core profit YoY: +16.1% · reported profit +54.8%

Cash & debt

FY25 cash from operations ₹1,976 Cr: 27% of FY25 net profit of ₹7,433 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹13,210₹12,755 -3.4% in line
Net profit₹2,101₹2,874 +36.8% above
📊 Investor presentation (15 Aug) Detailed financials →

Berger Paints (I) Limited

BERGEPAINT · Paints · Q2 FY26 · Consolidated
M Cap
₹54,825 Cr
P/E
45.0
PEG
4.09
  • Profit -20% below its own trend
  • Operating margin contracted 319 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.9%-11.7% 2,8283,2012,775
Operating profit -18.9%-33.3% 352528434
OPM % -319 bps-405 bps 12.5%16.5%15.6%
Other income +23.3%— 37.03.030.0
Net profit? -23.5%-34.5% 206315270
PAT margin % -243 bps-254 bps 7.3%9.8%9.7%
EPS (₹) -23.4%-34.4% 1.772.702.31

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹275 Cr: core business ₹238 Cr, other income ₹37.0 Cr.

Core profit YoY: -27.4% · reported profit -23.5%

Cash & debt

FY25 cash from operations ₹1,269 Cr: 107% of FY25 net profit of ₹1,183 Cr.

Borrowings ₹670 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,869₹2,828 -1.4% in line
Net profit₹258₹206 -19.9% below
📊 Investor presentation (05 Aug) Detailed financials →

Abbott India Limited

ABBOTINDIA · Pharmaceuticals · Q2 FY26 · Standalone
M Cap
₹54,802 Cr
P/E
33.9
PEG
1.88
  • Operating margin expanded 170 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.6%+1.1% 1,7571,7381,633
Operating profit +14.4%+12.6% 502446439
OPM % +170 bps+292 bps 28.6%25.7%26.9%
Other income +16.6%-4.2% 70.073.060.0
Net profit +15.7%+13.5% 415366359
PAT margin % +165 bps+257 bps 23.6%21.1%22.0%
EPS (₹) +15.8%+13.5% 195.42172.18168.76

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹546 Cr: core business ₹476 Cr, other income ₹70.0 Cr.

Core profit YoY: +13.6% · reported profit +15.7%

Cash & debt

FY25 cash from operations ₹1,012 Cr: 72% of FY25 net profit of ₹1,415 Cr.

Borrowings ₹197 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,822₹1,757 -3.5% in line
Net profit₹414₹415 +0.2% in line
Detailed financials →

Suzlon Energy Limited

SUZLON · Electrical Equipment · Q2 FY26 · Consolidated
M Cap
₹54,392 Cr
P/E
17.3
PEG
0.10
  • Profit +229% above its own trend
  • Operating margin expanded 464 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +84.0%+24.2% 3,8713,1172,103
Operating profit +145.1%+20.4% 721599294
OPM % +464 bps-59 bps 18.6%19.2%14.0%
Other income +51.3%— 27.00.017.9
Net profit? +537.6%+294.8% 1,279324201
PAT margin % +2350 bps+2265 bps 33.0%10.4%9.5%
EPS (₹) +526.7%+291.7% 0.940.240.15

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹562 Cr: core business ₹536 Cr, other income ₹27.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +191.7% · reported profit +537.6%

Cash & debt

FY25 cash from operations ₹1,092 Cr: 53% of FY25 net profit of ₹2,071 Cr.

Borrowings ₹323 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,447₹3,871 +12.3% above
Net profit₹389₹1,279 +229.0% above
📊 Investor presentation (12 Jun) Detailed financials →

SBI Cards and Payment Services Limited

SBICARD · NBFC & Finance Companies · Q2 FY26 · Standalone
M Cap
₹53,168 Cr
P/E
24.5
PEG
—
  • Profit +46% above its own trend
  • Gross NPA down 42 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +12.7%+2.0% 5,1365,0354,556
Net interest income +15.2%+2.9% 1,7301,6801,502
Other income +16.8%+4.1% 2,6472,5422,266
Operating profit (pre-provision) +7.7%-9.9% 1,8922,1001,757
Provisions +6.7%-4.4% 1,2931,3521,212
Net profit +10.0%-20.0% 445556404
EPS (₹) +9.9%-20.0% 4.675.844.25
Cost-to-income % +339 bps+649 bps 56.8%50.3%53.4%
Gross NPA % -42 bps-22 bps 2.9%3.1%3.3%
Net NPA % +10 bps-13 bps 1.3%1.4%1.2%

Where profit came from

Pre-provision profit ₹1,892 Cr (+7.7% YoY); provisions ₹1,293 Cr (+6.7% YoY).

Net profit +10.0% YoY.

Against its own trend ?

TrendActualGap
NII₹1,715₹1,730 +0.9% in line
Net profit₹304₹445 +46.2% above
📊 Investor presentation (24 Jul) Detailed financials →

Sterlite Technologies Limited

STLTECH · Cables & Wires · Q2 FY26 · Consolidated
M Cap
₹52,133 Cr
P/E
214.5
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 179 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -26.8%+1.4% 1,0341,0201,413
Operating profit -14.6%-2.3% 129132151
OPM % +179 bps-47 bps 12.5%12.9%10.7%
Other income +140.0%+50.0% 12.08.05.0
Net profit? from loss-60.0% 4.010.0-14.0
PAT margin % +138 bps-59 bps 0.4%1.0%-1.0%
EPS (₹) from loss-60.0% 0.080.20-0.29

Quality of profit

Pre-tax profit ₹6.0 Cr: core business −₹6.0 Cr, other income ₹12.0 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹348 Cr.

Borrowings ₹1,926 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,320₹1,034 -21.7% below
📊 Investor presentation (19 May) Detailed financials →

MRF Limited

MRF · Tyres & Rubber · Q2 FY26 · Consolidated
M Cap
₹51,916 Cr
P/E
21.5
PEG
0.41
  • Profit +33% above its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +7.2%-3.9% 7,3797,6766,881
Operating profit +11.3%+5.1% 1,1261,0711,011
OPM % +56 bps+130 bps 15.3%14.0%14.7%
Other income -4.5%-14.5% 108126113
Net profit? +11.7%+5.0% 526500471
PAT margin % +28 bps+60 bps 7.1%6.5%6.8%
EPS (₹) +11.7%+5.0% 1239.381180.041109.85

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹699 Cr: core business ₹591 Cr, other income ₹108 Cr.

Core profit YoY: +14.0% · reported profit +11.7%

Cash & debt

FY25 cash from operations ₹1,868 Cr: 100% of FY25 net profit of ₹1,869 Cr.

Borrowings ₹3,771 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7,642₹7,379 -3.4% in line
Net profit₹395₹526 +33.0% above
Detailed financials →

Linde India Limited

LINDEINDIA · Chemicals · Q2 FY26 · Consolidated
M Cap
₹51,064 Cr
P/E
93.5
PEG
93.54
  • Profit +66% above its own trend
  • Operating margin expanded 1559 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.6%+12.8% 644571634
Operating profit +57.7%+43.3% 282197179
OPM % +1559 bps+932 bps 43.8%34.5%28.2%
Other income -69.3%+27.2% 5.54.318.0
Net profit? +61.3%+59.5% 171107106
PAT margin % +983 bps+778 bps 26.5%18.8%16.7%
EPS (₹) +60.7%+59.5% 20.0512.5712.48

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹228 Cr: core business ₹223 Cr, other income ₹5.5 Cr.

Core profit YoY: +78.2% · reported profit +61.3%

Cash & debt

FY25 cash from operations ₹584 Cr: 129% of FY25 net profit of ₹454 Cr.

Borrowings ₹42.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹560₹644 +15.1% above
Net profit₹103₹171 +66.2% above
Detailed financials →

Aegis Logistics Limited

AEGISLOG · Trading & Distribution · Q2 FY26 · Consolidated
M Cap
₹50,895 Cr
P/E
34.5
PEG
1.38
  • Profit +49% above its own trend
  • 31% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +37%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +31.1%+33.4% 2,2941,7191,750
Operating profit +29.9%+21.2% 291240224
OPM % -11 bps-128 bps 12.7%14.0%12.8%
Other income +146.2%+52.4% 96.063.039.0
Net profit? +60.5%+39.4% 244175152
PAT margin % +195 bps+46 bps 10.6%10.2%8.7%
EPS (₹) +42.6%+36.9% 5.123.743.59

Quality of profit

Core 69%Other income & one-offs 31%

Pre-tax profit ₹310 Cr: core business ₹215 Cr, other income ₹96.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +36.9% · reported profit +60.5%

Cash & debt

FY25 cash from operations ₹558 Cr: 71% of FY25 net profit of ₹788 Cr.

Borrowings ₹4,606 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,752₹2,294 +31.0% above
Net profit₹164₹244 +48.6% above
📊 Investor presentation (06 Aug) Detailed financials →

Gland Pharma Limited

GLAND · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹50,783 Cr
P/E
49.4
PEG
6.18
  • Profit +24% above its own trend
  • 30% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 46% of profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +5.8%-1.2% 1,4871,5061,406
Operating profit +5.7%-14.6% 314368297
OPM % -2 bps-332 bps 21.1%24.4%21.1%
Other income +41.1%+46.3% 84.257.559.7
Net profit? +12.3%-14.8% 184215164
PAT margin % +72 bps-196 bps 12.4%14.3%11.6%
EPS (₹) +12.3%-14.8% 11.1513.089.93

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹284 Cr: core business ₹200 Cr, other income ₹84.2 Cr.

Core profit YoY: +1.3% · reported profit +12.3%

Cash & debt

FY25 cash from operations ₹915 Cr: 46% of FY25 net profit of ₹1,992 Cr.

Borrowings ₹314 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,281₹1,487 +16.1% above
Net profit₹148₹184 +24.0% above
📊 Investor presentation (10 Aug) Detailed financials →

Gujarat Fluorochemicals Limited

FLUOROCHEM · Chemicals · Q2 FY26 · Consolidated
M Cap
₹50,579 Cr
P/E
83.1
PEG
—
  • Profit -18% below its own trend
  • Operating margin expanded 525 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +1.9%-5.5% 1,2101,2811,188
Operating profit +23.4%+5.8% 364344295
OPM % +525 bps+323 bps 30.1%26.9%24.8%
Other income -33.3%-73.9% 6.023.09.0
Net profit? +47.9%-2.7% 179184121
PAT margin % +461 bps+43 bps 14.8%14.4%10.2%
EPS (₹) +47.8%-2.7% 16.2916.7511.02

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹246 Cr: core business ₹240 Cr, other income ₹6.0 Cr.

Core profit YoY: +47.2% · reported profit +47.9%

Cash & debt

FY25 cash from operations ₹545 Cr: 100% of FY25 net profit of ₹546 Cr.

Borrowings ₹2,080 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,334₹1,210 -9.3% below
Net profit₹218₹179 -17.7% below
📊 Investor presentation (12 Aug) Detailed financials →

Sona BLW Precision Forgings Limited

SONACOMS · Auto Components · Q2 FY26 · Consolidated
M Cap
₹49,805 Cr
P/E
79.2
PEG
3.96
  • Operating margin contracted 237 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +23.4%+33.3% 1,138854922
Operating profit +12.7%+38.2% 284206252
OPM % -237 bps+88 bps 25.0%24.1%27.3%
Other income -12.3%-49.0% 21.041.223.9
Net profit? +18.4%+39.7% 170122144
PAT margin % -63 bps+69 bps 14.9%14.3%15.6%
EPS (₹) +14.9%+38.3% 2.782.012.42

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹228 Cr: core business ₹207 Cr, other income ₹21.0 Cr.

Core profit YoY: +15.7% · reported profit +18.4%

Cash & debt

FY25 cash from operations ₹775 Cr: 129% of FY25 net profit of ₹600 Cr.

Borrowings ₹202 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹963₹1,138 +18.2% above
Net profit₹160₹170 +6.2% in line
📊 Investor presentation (17 Sep) Detailed financials →

Coromandel International Limited

COROMANDEL · Fertilizers · Q2 FY26 · Consolidated
M Cap
₹49,777 Cr
P/E
26.2
PEG
—
  • Profit -37% below its own trend
  • Operating margin contracted 124 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +29.9%+37.1% 9,6547,0427,433
Operating profit +17.6%+46.6% 1,147782975
OPM % -124 bps+77 bps 11.9%11.1%13.1%
Other income +79.2%+39.1% 11683.765.0
Net profit? +20.4%+58.2% 793502659
PAT margin % -65 bps+110 bps 8.2%7.1%8.9%
EPS (₹) +21.1%+59.4% 27.3417.1522.57

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹1,059 Cr: core business ₹943 Cr, other income ₹116 Cr.

Core profit YoY: +12.3% · reported profit +20.4%

Cash & debt

FY25 cash from operations ₹2,464 Cr: 120% of FY25 net profit of ₹2,054 Cr.

Borrowings ₹780 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹9,455₹9,654 +2.1% in line
Net profit₹1,269₹793 -37.5% below
📊 Investor presentation (24 Jul) Detailed financials →

Anthem Biosciences Limited

ANTHEM · Biotechnology · Q2 FY26 · Consolidated
M Cap
₹49,630 Cr
P/E
86.1
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +1.8% 550540
Operating profit +13.8% 218191
OPM % +417 bps 39.6%35.4%
Other income +111.4% 48.222.8
Net profit? +27.7% 173136
PAT margin % +639 bps 31.5%25.1%
EPS (₹) +27.2% 3.092.43

Quality of profit

Core 79%Other income & one-offs 21%

Pre-tax profit ₹230 Cr: core business ₹181 Cr, other income ₹48.2 Cr.

📊 Investor presentation (21 Jul) Detailed financials →

Aditya Infotech Limited

CPPLUS · Engineering & Capital Goods · Q2 FY26 · Consolidated
M Cap
₹48,907 Cr
P/E
102.5
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Sales +24.3% 920740
Operating profit +78.9% 10960.9
OPM % +361 bps 11.8%8.2%
Other income -25.1% 3.04.0
Net profit? +112.9% 70.032.9
PAT margin % +317 bps 7.6%4.4%
EPS (₹) +99.7% 5.972.99

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹94.0 Cr: core business ₹91.0 Cr, other income ₹3.0 Cr.

📊 Investor presentation (12 Aug) Detailed financials →

Cupid Limited

CUPID · Personal Care & FMCG · Q2 FY26 · Consolidated
M Cap
₹48,650 Cr
P/E
355.2
PEG
—
  • Profit +96% above its own trend
  • Operating margin expanded 952 bps YoY
  • 53% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +205%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +100.0%+40.5% 84.059.842.0
Operating profit +180.0%+70.0% 28.016.510.0
OPM % +952 bps+579 bps 33.3%27.5%23.8%
Other income +0.0%+21.4% 6.04.96.0
Net profit? +140.0%+59.9% 24.015.010.0
PAT margin % +476 bps+348 bps 28.6%25.1%23.8%
EPS (₹) +157.1%+60.7% adj. 0.18adj. 0.110.07

EPS restated for the 4:1 bonus of Mar 2026: Sep 2025 ₹0.90 to ₹0.18; Jun 2025 ₹0.56 to ₹0.11.

Quality of profit

Core 47%Other income & one-offs 53%

Pre-tax profit ₹51.7 Cr: core business ₹24.4 Cr, other income ₹6.0 Cr, exceptional & other items ₹21.4 Cr.

Core profit YoY: +204.7% · reported profit +140.0%

Cash & debt

FY25 cash from operations −₹11.0 Cr: -27% of FY25 net profit of ₹40.6 Cr.

Borrowings ₹19.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹48.7₹84.0 +72.6% above
Net profit₹12.3₹24.0 +95.7% above
Detailed financials →

PB Fintech Limited

POLICYBZR · IT Services & Software · Q2 FY26 · Consolidated
M Cap
₹48,382 Cr
P/E
—
PEG
—
  • Profit +38% above its own trend
  • Operating margin expanded 675 bps YoY
  • 61% 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 +38.2%+19.7% 1,6141,3481,167
Operating profit from loss+184.4% 97.834.4-8.0
OPM % +675 bps+351 bps 6.1%2.6%-0.7%
Other income -20.3%-15.7% 84.5100106
Net profit? +164.6%+59.4% 13584.751.0
PAT margin % +399 bps+208 bps 8.4%6.3%4.4%
EPS (₹) +164.9%+58.9% 2.941.851.11

Quality of profit

Core 38%Other income & one-offs 62%

Pre-tax profit ₹142 Cr: core business ₹54.7 Cr, other income ₹84.5 Cr, exceptional & other items ₹2.8 Cr.

Core profit YoY: from loss · reported profit +164.6%

Cash & debt

FY25 cash from operations −₹183 Cr: -52% of FY25 net profit of ₹353 Cr.

Borrowings ₹322 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,647₹1,614 -2.0% in line
Net profit₹98.0₹135 +37.7% above
📊 Investor presentation (11 May) Detailed financials →

IPCA Laboratories Limited

IPCALAB · Pharmaceuticals · Q2 FY26 · Consolidated
M Cap
₹48,201 Cr
P/E
35.0
PEG
0.92
  • Profit -10% below its own trend
  • Operating margin expanded 257 bps YoY
  • Exceptional items of ₹58.3 Cr in the quarter
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +8.6%+10.7% 2,5562,3092,355
Operating profit +23.4%+30.9% 545416441
OPM % +257 bps+328 bps 21.3%18.0%18.7%
Other income +6.1%-14.7% 27.932.726.3
Net profit? +23.5%+21.7% 284233229
PAT margin % +134 bps+100 bps 11.1%10.1%9.7%
EPS (₹) +23.1%+21.2% 11.149.199.05

Quality of profit

Pre-tax profit ₹392 Cr: core business ₹422 Cr, other income ₹27.9 Cr, exceptional & other items −₹58.3 Cr.

Core profit YoY: +32.5% · reported profit +23.5%

Cash & debt

FY25 cash from operations ₹1,321 Cr: 172% of FY25 net profit of ₹766 Cr.

Borrowings ₹1,363 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,600₹2,556 -1.7% in line
Net profit₹315₹284 -10.1% below
Detailed financials →

HDB Financial Services Limited

HDBFS · NBFC & Finance Companies · Q2 FY26 · Standalone
M Cap
₹48,195 Cr
P/E
17.5
PEG
—
₹ CrQoQ Sep 2025Jun 2025
Total income +1.8% 4,5454,465
Net interest income +4.8% 2,1922,092
Other income +3.9% 659634
Operating profit (pre-provision) +9.1% 1,5301,402
Provisions +11.7% 748670
Net profit +2.4% 581568
EPS (₹) -1.7% 7.017.13
Cost-to-income % -223 bps 46.3%48.6%

Where profit came from

Pre-provision profit ₹1,530 Cr; provisions ₹748 Cr.

📊 Investor presentation (15 Jul) Detailed financials →

Colgate Palmolive (India) Limited

COLPAL · Personal Care & FMCG · Q2 FY26 · Standalone
M Cap
₹48,060 Cr
P/E
35.7
PEG
4.46
  • Profit -13% below its own trend
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales -6.1%+6.0% 1,5201,4341,619
Operating profit -6.4%+2.6% 465453497
OPM % -11 bps-100 bps 30.6%31.6%30.7%
Other income -80.3%-16.7% 15.018.076.0
Net profit -17.0%+2.2% 328321395
PAT margin % -282 bps-81 bps 21.6%22.4%24.4%
EPS (₹) -17.1%+2.1% 12.0411.7914.52

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹442 Cr: core business ₹427 Cr, other income ₹15.0 Cr.

Core profit YoY: -5.9% · reported profit -17.0%

Cash & debt

FY25 cash from operations ₹1,394 Cr: 97% of FY25 net profit of ₹1,437 Cr.

Borrowings ₹61.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,643₹1,520 -7.5% below
Net profit₹378₹328 -13.2% below
📊 Investor presentation (17 Aug) Detailed financials →

Tata Communications Limited

TATACOMM · Telecom Services · Q2 FY26 · Consolidated
M Cap
₹47,401 Cr
P/E
50.6
PEG
—
  • Profit -60% below its own trend
  • Exceptional items of ₹-21.0 Cr in the quarter
  • Core business grew faster than reported profit (core profit +11%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +5.8%+2.3% 6,1005,9605,767
Operating profit +5.1%+3.2% 1,1741,1371,117
OPM % -13 bps+17 bps 19.2%19.1%19.4%
Other income to lossto loss -17.217.114.1
Net profit? -19.4%-3.6% 183190227
PAT margin % -94 bps-19 bps 3.0%3.2%3.9%
EPS (₹) -19.4%-3.7% 6.426.677.97

Quality of profit

Pre-tax profit ₹255 Cr: core business ₹293 Cr, other income −₹17.2 Cr, exceptional & other items −₹21.0 Cr.

Core profit YoY: +11.0% · reported profit -19.4%

Cash & debt

FY25 cash from operations ₹2,911 Cr: 158% of FY25 net profit of ₹1,837 Cr.

Borrowings ₹12,357 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,086₹6,100 +0.2% in line
Net profit₹455₹183 -59.7% below
📊 Investor presentation (22 Jul) Detailed financials →

Fertilizers and Chemicals Travancore Limited

FACT · Fertilizers · Q2 FY26 · Consolidated
M Cap
₹47,314 Cr
P/E
—
PEG
—
  • Profit +276% above its own trend
  • All of pre-tax profit came from other income or one-off items
  • Borrowings up 113% since Mar 2025
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +12.5%+56.2% 1,6291,0431,449
Operating profit +11.2%+62.5% 39.024.035.1
OPM % -3 bps+9 bps 2.4%2.3%2.4%
Other income +5.9%-1.9% 51.052.048.2
Net profit? +87.8%+425.0% 21.04.011.2
PAT margin % +52 bps+91 bps 1.3%0.4%0.8%
EPS (₹) +88.2%+357.1% 0.320.070.17

Quality of profit

Pre-tax profit ₹21.0 Cr: core business −₹31.0 Cr, other income ₹51.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: loss narrowed · reported profit +87.8%

Cash & debt

FY25 cash from operations ₹140 Cr: 337% of FY25 net profit of ₹41.5 Cr.

Borrowings ₹3,837 Cr at Sep 2025, against ₹1,805 Cr at Mar 2025 (+113%).

Against its own trend ?

TrendActualGap
Sales₹1,349₹1,629 +20.7% above
Net profit₹5.6₹21.0 +275.7% above
Detailed financials →

Authum Investment & Infrastructure Limited

AIIL · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹46,865 Cr
P/E
22.4
PEG
0.10
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income -45.5%-50.3% 6091,2241,117
Operating profit (pre-provision) -51.2%-54.6% 5191,1441,064
Provisions to loss— -20.3—104
Net profit? -9.0%-18.6% 767943843
EPS (₹) -9.0%-18.6% 45.1855.5249.63

Where profit came from

Pre-provision profit ₹519 Cr (-51.2% YoY); provisions −₹20.3 Cr.

Net profit -9.0% YoY.

Against its own trend ?

TrendActualGap
Total income₹981₹609 -37.9% below
Net profit₹740₹767 +3.6% in line
Detailed financials →

Godrej Properties Limited

GODREJPROP · Construction & Infrastructure · Q2 FY26 · Consolidated
M Cap
₹46,524 Cr
P/E
29.2
PEG
0.51
  • Profit -34% below its own trend
  • Operating margin contracted 8315 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 -32.3%+70.4% 7404351,093
Operating profit to lossloss widened -596-27029.0
OPM % -8315 bps-1837 bps -80.5%-62.1%2.7%
Other income +378.3%+2.0% 1,2101,186253
Net profit? +20.7%-32.6% 403598334
PAT margin % +2388 bps— 54.4%—30.6%
EPS (₹) +11.5%-32.5% 13.4519.9212.06

Quality of profit

Pre-tax profit ₹566 Cr: core business −₹644 Cr, other income ₹1,210 Cr.

Core profit YoY: loss widened · reported profit +20.7%

Cash & debt

FY25 cash from operations −₹2,242 Cr: -161% of FY25 net profit of ₹1,389 Cr.

Borrowings ₹12,641 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,186₹740 -66.1% below
Net profit₹611₹403 -34.1% below
📊 Investor presentation (04 Aug) Detailed financials →

Sundaram Finance Limited

SUNDARMFIN · NBFC & Finance Companies · Q2 FY26 · Consolidated
M Cap
₹46,093 Cr
P/E
20.8
PEG
1.22
  • Gross NPA down 36 bps YoY
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Total income +14.5%+2.0% 2,4012,3532,096
Net interest income —+2.7% 843821—
Other income —+3.4% 381369—
Operating profit (pre-provision) +20.0%+1.9% 777762647
Provisions +40.7%-32.1% 12718790.0
Net profit? +11.9%+2.7% 488475436
EPS (₹) +11.9%+2.7% 44.2943.1239.57
Cost-to-income % -154 bps+60 bps 36.6%36.0%38.1%
Gross NPA % -36 bps-63 bps 2.0%2.7%2.4%
Net NPA % -42 bps-58 bps 1.1%1.7%1.6%

Where profit came from

Pre-provision profit ₹777 Cr (+20.0% YoY); provisions ₹127 Cr (+40.7% YoY).

Net profit +11.9% YoY.

Against its own trend ?

TrendActualGap
Net profit₹457₹488 +6.8% in line
Detailed financials →

Hindustan Copper Limited

HINDCOPPER · Mining & Minerals · Q2 FY26 · Consolidated
M Cap
₹45,445 Cr
P/E
40.0
PEG
0.80
  • Profit +33% above its own trend
  • Operating margin expanded 998 bps YoY
  • Core business grew faster than reported profit (core profit +130%)
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +38.6%+39.1% 718516518
Operating profit +85.8%+33.0% 282212152
OPM % +998 bps-181 bps 39.3%41.1%29.3%
Other income -65.5%+10.0% 11.010.031.9
Net profit? +81.0%+37.3% 184134102
PAT margin % +601 bps-34 bps 25.6%26.0%19.6%
EPS (₹) +81.0%+36.7% 1.901.391.05

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹249 Cr: core business ₹238 Cr, other income ₹11.0 Cr.

Core profit YoY: +130.0% · reported profit +81.0%

Cash & debt

FY25 cash from operations ₹544 Cr: 116% of FY25 net profit of ₹467 Cr.

Borrowings ₹167 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹606₹718 +18.5% above
Net profit₹138₹184 +33.4% above
Detailed financials →

Vishal Mega Mart Limited

VMM · Trading & Distribution · Q2 FY26 · Consolidated
M Cap
₹45,115 Cr
P/E
12.2
PEG
0.31
₹ CrYoYQoQ Sep 2025Jun 2025Sep 2024
Sales +22.4%-5.1% 2,9813,1402,436
Operating profit +30.6%-14.1% 395459302
OPM % +84 bps-139 bps 13.2%14.6%12.4%
Other income +55.2%+18.7% 20.217.013.0
Net profit? +46.5%-26.1% 152206104
PAT margin % +84 bps-145 bps 5.1%6.6%4.3%
EPS (₹) +43.5%-26.7% 0.330.450.23

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹204 Cr: core business ₹184 Cr, other income ₹20.2 Cr.

Core profit YoY: +45.0% · reported profit +46.5%

Cash & debt

FY25 cash from operations ₹1,399 Cr: 221% of FY25 net profit of ₹632 Cr.

Borrowings ₹1,729 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,947₹2,981 +1.2% in line
Net profit₹143₹152 +6.6% 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