Flash Finance

Q3 FY26 quarterly results (October-December 2025)

4,316 companies have declared Q3 FY26 results so far, the latest on 15 Sep 2026.

Across the 3,727 non-financial companies with a year-ago quarter to compare, sales grew +15.1% and net profit +14.8% year on year, and the combined operating margin narrowed 25 bps to 14.1%.

For the 146 banks and lenders, net interest income grew +8.0% and net profit +10.5%.

56% of companies grew net profit; 416 turned a loss into a profit; 37% beat their own profit trend and 48% fell short of it.

Updated 13 Oct 2026, 13:46 IST 4316 declared
The next results season has started: 34 companies have filed results for the quarter ended 30 Sep 2026. See them →

Q3 FY26 scoreboard

Sales growth
+15.1%
YoY, 3727 companies combined; median +8.3%
Net profit growth
+14.8%
YoY combined; median +8.9%
Operating margin
14.1%
-25 bps YoY
Grew profit
56%
416 turnarounds, 346 into loss
Vs own profit trend
37% / 48%
above / below, 15% in line
Banks: NII growth
+8.0%
146 lenders; profit +10.5%
Price since results
-9.5%
median; 0% of 1 stocks up
Other-income heavy
1051
25%+ of pre-tax profit from other income & one-offs

Latest Q3 FY26 results 4316

Page 1 of 144

CMI Limited

CMICABLES · Cables & Wires · Q3 FY26 · Standalone · Filed
M Cap
₹4.0 Cr
P/E
—
PEG
—
Since results
-9.5%
  • Operating margin expanded 509 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -73.1%-20.8% 11.915.044.0
Operating profit loss narrowedloss narrowed -0.0-2.8-2.3
OPM % +509 bps+1849 bps -0.1%-18.6%-5.2%
Other income -76.3%+176.0% 0.10.00.5
Net profit loss narrowedloss narrowed -1.8-4.8-8.2
PAT margin % +346 bps+1689 bps -15.1%-32.0%-18.6%
EPS (₹) loss narrowedloss narrowed -0.11-0.30-5.10

Quality of profit

Pre-tax profit −₹1.8 Cr: core business −₹1.9 Cr, other income ₹0.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹7.0 Cr.

Borrowings ₹381 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹30.4₹11.9 -61.0% below
AI read of the filing CMI Limited Reports Q3 FY26 Results Under CIRP; Accumulated Losses Reach Rs 170.43 Cr Negative
  • Accumulated losses stood at Rs 17,043.21 lakhs (Rs 170.43 Cr) as of December 31, 2025, completely eroding net worth.
  • Paid-up equity share capital of the company was reported at Rs 1,603.07 lakhs (Rs 16.03 Cr).
  • Auditor issued a disclaimer of opinion due to ongoing CIRP and lack of underlying records.
Full analysis →
📄 Results filing (PDF) Detailed financials →

Tulsi Extrusions Limited

TULSI · Q3 FY26 · Standalone · Filed
M Cap
—
P/E
—
PEG
—
₹ Cr Dec 2025
Sales 9.1
Operating profit -0.9
OPM % -10.5%
Other income 0.0
Net profit -3.3
PAT margin % -36.2%
EPS (₹) -1.56

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

Quality of profit

Pre-tax profit −₹3.3 Cr: core business −₹3.3 Cr, other income ₹0.0 Cr.

AI read of the filing Tulsi Extrusions reports ₹327 Lakh Q3 loss; clarifies delay due to NCLT capital restructuring Negative
  • Revenue from operations for Q3 FY26 declined to ₹905.31 Lakhs from ₹1,188.62 Lakhs in Q3 FY25.
  • Net loss for the nine-month period ended Dec 31, 2025, widened to ₹1,465.70 Lakhs.
  • Company is awaiting NCLT Mumbai approval for extinguishment of existing share capital and issuance of fresh equity.
Full analysis →
📄 Results filing (PDF)

Reliance Industries Limited

RELIANCE · Refineries & Oil Marketing · Q3 FY26 · Consolidated
M Cap
₹15,68,278 Cr
P/E
17.8
PEG
3.56
  • Profit -11% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.5%+4.1% 2,69,4962,58,8982,43,865
Operating profit +5.1%+0.3% 46,01845,88543,789
OPM % -88 bps-65 bps 17.1%17.7%18.0%
Other income +16.6%+9.6% 4,9144,4824,214
Net profit? +1.6%+0.7% 22,29022,14621,930
PAT margin % -72 bps-28 bps 8.3%8.6%9.0%
EPS (₹) +0.6%+2.7% 13.7813.4213.70

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹29,697 Cr: core business ₹24,783 Cr, other income ₹4,914 Cr.

Core profit YoY: +1.4% · reported profit +1.6%

Cash & debt

FY25 cash from operations ₹1,78,703 Cr: 220% of FY25 net profit of ₹81,087 Cr.

Borrowings ₹3,74,313 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,64,452₹2,69,496 +1.9% in line
Net profit₹24,956₹22,290 -10.7% below
📊 Investor presentation (17 Jul) Detailed financials →

Bharti Airtel Limited

BHARTIARTL · Telecom Services · Q3 FY26 · Consolidated
M Cap
₹11,09,670 Cr
P/E
30.5
PEG
0.62
  • Profit -74% below its own trend
  • Operating margin expanded 252 bps YoY
  • Core business grew faster than reported profit (core profit +63%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +19.6%+3.5% 53,98252,14545,129
Operating profit +25.2%+4.1% 30,78329,56124,597
OPM % +252 bps+33 bps 57.0%56.7%54.5%
Other income +49.5%-3.5% 702728470
Net profit? -47.3%-1.7% 8,5038,65116,135
PAT margin % -2000 bps-84 bps 15.8%16.6%35.8%
EPS (₹) -55.2%-2.4% 11.4411.7225.54

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹12,301 Cr: core business ₹11,739 Cr, other income ₹702 Cr, exceptional & other items −₹140 Cr.

Core profit YoY: +62.7% · reported profit -47.3%

Cash & debt

FY25 cash from operations ₹98,332 Cr: 262% of FY25 net profit of ₹37,481 Cr.

Borrowings ₹2,13,642 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹57,103₹53,982 -5.5% below
Net profit₹32,269₹8,503 -73.7% below
Detailed financials →

HDFC Bank Limited

HDFCBANK · Private Sector Banks · Q3 FY26 · Consolidated
M Cap
₹10,86,321 Cr
P/E
13.6
PEG
0.76
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +13.1%+7.1% 1,26,9271,18,5611,12,194
Net interest income +8.2%+2.5% 41,24640,25338,126
Other income +46.8%+26.3% 39,86031,56727,154
Operating profit (pre-provision) +9.5%-1.2% 30,58230,94127,930
Provisions -8.5%-15.4% 3,6214,2823,957
Net profit? +12.2%+1.0% 19,80719,61117,657
EPS (₹) +11.5%+0.8% 12.8812.78adj. 11.55
Cost-to-income % +508 bps+538 bps 62.3%56.9%57.2%
Gross NPA % -18 bps+0 bps 1.2%1.2%1.4%
Net NPA % -4 bps+0 bps 0.4%0.4%0.5%

EPS restated for the 1:1 bonus of Aug 2025: Dec 2024 ₹23.11 to ₹11.55.

Where profit came from

Pre-provision profit ₹30,582 Cr (+9.5% YoY); provisions ₹3,621 Cr (-8.5% YoY).

Net profit +12.2% YoY.

Against its own trend ?

TrendActualGap
NII₹41,359₹41,246 -0.3% in line
Net profit₹18,468₹19,807 +7.2% in line
📊 Investor presentation (18 Jul) Detailed financials →

ICICI Bank Limited

ICICIBANK · Private Sector Banks · Q3 FY26 · Consolidated
M Cap
₹9,61,812 Cr
P/E
16.9
PEG
0.99
  • Profit -16% below its own trend
  • Provisions up 109% YoY
  • Gross NPA down 43 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +2.9%+0.8% 76,78276,14774,627
Net interest income +8.5%+1.2% 26,49026,16424,404
Other income +3.0%+1.6% 28,41827,96627,589
Operating profit (pre-provision) +3.3%+2.1% 20,40119,97419,751
Provisions +108.7%+191.0% 2,6479091,268
Net profit? -2.7%-6.1% 12,53813,35712,883
EPS (₹) -3.9%-6.3% 17.5418.7118.26
Cost-to-income % +83 bps-25 bps 62.8%63.1%62.0%
Gross NPA % -43 bps-5 bps 1.5%1.6%2.0%
Net NPA % -5 bps-2 bps 0.4%0.4%0.4%

Where profit came from

Pre-provision profit ₹20,401 Cr (+3.3% YoY); provisions ₹2,647 Cr (+108.7% YoY).

Net profit -2.7% YoY.

Against its own trend ?

TrendActualGap
NII₹27,396₹26,490 -3.3% in line
Net profit₹14,919₹12,538 -16.0% below
📊 Investor presentation (22 Jul) Detailed financials →

State Bank of India

SBIN · Public Sector Banks · Q3 FY26 · Consolidated
M Cap
₹8,68,601 Cr
P/E
9.8
PEG
0.70
  • Gross NPA down 50 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +10.6%+5.5% 1,85,6481,75,8981,67,854
Net interest income +9.6%+3.5% 51,80750,03847,257
Other income +27.5%+15.0% 55,05947,85743,200
Operating profit (pre-provision) —+10.9% 35,61532,117—
Provisions —-14.5% 5,5486,487—
Net profit? +12.3%+1.7% 21,87621,50419,484
EPS (₹) +9.3%+1.2% 23.0922.8121.12
Cost-to-income % —-52 bps 66.7%67.2%—
Gross NPA % -50 bps-16 bps 1.6%1.7%2.1%
Net NPA % -14 bps-3 bps 0.4%0.4%0.5%

Where profit came from

Pre-provision profit ₹35,615 Cr; provisions ₹5,548 Cr.

Net profit +12.3% YoY.

Against its own trend ?

TrendActualGap
NII₹49,540₹51,807 +4.6% in line
Net profit₹21,086₹21,876 +3.7% in line
📊 Investor presentation (07 Aug) Detailed financials →

Tata Consultancy Services Limited

TCS · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹7,68,844 Cr
P/E
14.8
PEG
1.85
  • Profit -17% below its own trend
  • Exceptional items of ₹-3,391 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.9%+2.0% 67,08765,79963,973
Operating profit +7.3%+1.6% 18,26917,97817,034
OPM % +60 bps-9 bps 27.2%27.3%26.6%
Other income -10.1%+29.0% 1,1188671,243
Net profit? -13.9%-11.6% 10,72012,13112,444
PAT margin % -347 bps-246 bps 16.0%18.4%19.5%
EPS (₹) -13.9%-11.7% 29.4533.3734.21

Quality of profit

Pre-tax profit ₹14,078 Cr: core business ₹16,351 Cr, other income ₹1,118 Cr, exceptional & other items −₹3,391 Cr.

Core profit YoY: +6.0% · reported profit -13.9%

Cash & debt

FY25 cash from operations ₹48,908 Cr: 100% of FY25 net profit of ₹48,797 Cr.

Borrowings ₹9,392 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹66,433₹67,087 +1.0% in line
Net profit₹12,903₹10,720 -16.9% below
Detailed financials →

Bajaj Finance Limited

BAJFINANCE · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹5,95,497 Cr
P/E
28.8
PEG
1.52
  • Profit -22% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +17.5%+5.1% 21,21520,18118,061
Net interest income —+4.9% 11,31810,785—
Other income —+7.3% 2,5582,385—
Operating profit (pre-provision) —+5.0% 9,3208,874—
Provisions —+59.8% 3,6252,269—
Net profit? -5.6%-17.8% 4,0664,9484,308
EPS (₹) -6.7%-18.5% 6.407.856.86
Cost-to-income % —+22 bps 32.8%32.6%—
Gross NPA % +9 bps-3 bps 1.2%1.2%1.1%
Net NPA % -1 bps-13 bps 0.5%0.6%0.5%

Where profit came from

Pre-provision profit ₹9,320 Cr; provisions ₹3,625 Cr.

Net profit -5.6% YoY.

Against its own trend ?

TrendActualGap
Net profit₹5,184₹4,066 -21.6% below
📊 Investor presentation (30 Jul) Detailed financials →

Larsen & Toubro Limited

LT · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹4,99,095 Cr
P/E
25.4
PEG
1.50
  • Profit -19% below its own trend
  • Exceptional items of ₹-1,791 Cr in the quarter
  • Core business grew faster than reported profit (core profit +31%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.5%+5.1% 71,45067,98464,668
Operating profit +18.6%+9.0% 7,4176,8066,255
OPM % +71 bps+37 bps 10.4%10.0%9.7%
Other income +48.9%+4.1% 1,4411,384968
Net profit? -3.8%-18.2% 3,8254,6783,974
PAT margin % -79 bps-153 bps 5.4%6.9%6.1%
EPS (₹) -4.3%-18.1% 23.3728.5424.43

Quality of profit

Pre-tax profit ₹5,370 Cr: core business ₹5,720 Cr, other income ₹1,441 Cr, exceptional & other items −₹1,791 Cr.

Core profit YoY: +31.0% · reported profit -3.8%

Cash & debt

FY25 cash from operations ₹9,151 Cr: 52% of FY25 net profit of ₹17,687 Cr.

Borrowings ₹1,32,409 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹73,214₹71,450 -2.4% in line
Net profit₹4,700₹3,825 -18.6% below
Detailed financials →

Life Insurance Corporation Of India

LICI · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹4,95,247 Cr
P/E
8.2
PEG
0.49
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +15.8%-2.3% 2,35,9542,41,5242,03,751
Operating profit +3.6%+30.3% 12,3669,49211,934
OPM % -62 bps+131 bps 5.2%3.9%5.9%
Other income +0.5%-21.3% 8221,044818
Net profit? +17.2%+27.9% 12,90810,09611,009
PAT margin % +7 bps+129 bps 5.5%4.2%5.4%
EPS (₹) +17.5%+28.1% 10.227.988.70

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹13,188 Cr: core business ₹12,366 Cr, other income ₹822 Cr.

Core profit YoY: +3.6% · reported profit +17.2%

Cash & debt

FY25 cash from operations −₹9,145 Cr: -19% of FY25 net profit of ₹48,298 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,10,216₹2,35,954 +12.2% above
Net profit₹13,619₹12,908 -5.2% in line
📊 Investor presentation (05 Feb) Detailed financials →

Kotak Mahindra Bank Limited

KOTAKBANK · Private Sector Banks · Q3 FY26 · Consolidated
M Cap
₹4,41,079 Cr
P/E
21.7
PEG
2.72
  • Profit +16% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +16.3%+11.8% 27,85124,90123,946
Net interest income +7.0%+2.6% 10,1229,8669,462
Other income +41.5%+34.3% 10,3447,7037,313
Operating profit (pre-provision) +3.3%+6.5% 7,4737,0177,234
Provisions -10.9%-10.9% 9401,0541,054
Net profit? +4.7%+10.2% 4,9244,4684,701
EPS (₹) +4.7%+10.2% 4.954.494.73
Cost-to-income % +661 bps+343 bps 63.5%60.1%56.9%
Gross NPA % -21 bps-9 bps 1.3%1.4%1.5%
Net NPA % -13 bps-1 bps 0.3%0.3%0.4%

Where profit came from

Pre-provision profit ₹7,473 Cr (+3.3% YoY); provisions ₹940 Cr (-10.9% YoY).

Net profit +4.7% YoY.

Against its own trend ?

TrendActualGap
NII₹10,177₹10,122 -0.5% in line
Net profit₹4,255₹4,924 +15.7% above
📊 Investor presentation (17 Aug) Detailed financials →

Hindustan Unilever Limited

HINDUNILVR · Personal Care & FMCG · Q3 FY26 · Consolidated
M Cap
₹4,27,790 Cr
P/E
28.6
PEG
2.04
  • Profit +111% above its own trend
  • Exceptional items of ₹-583 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +3.9%+1.2% 16,44116,24115,818
Operating profit +2.5%+1.6% 3,7883,7293,695
OPM % -32 bps+8 bps 23.0%23.0%23.4%
Other income -40.1%-5.4% 139147232
Net profit? +120.9%+145.1% 6,6032,6942,989
PAT margin % +2127 bps+2357 bps 40.2%16.6%18.9%
EPS (₹) +121.4%+146.0% 28.1211.4312.70

Quality of profit

Pre-tax profit ₹2,919 Cr: core business ₹3,363 Cr, other income ₹139 Cr, exceptional & other items −₹583 Cr.

Core profit YoY: +3.7% · reported profit +120.9%

Cash & debt

FY25 cash from operations ₹11,886 Cr: 111% of FY25 net profit of ₹10,671 Cr.

Borrowings ₹1,648 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹16,214₹16,441 +1.4% in line
Net profit₹3,135₹6,603 +110.6% above
📊 Investor presentation (09 Sep) Detailed financials →

Sun Pharmaceutical Industries Limited

SUNPHARMA · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹4,22,283 Cr
P/E
34.9
PEG
2.68
  • Profit +27% above its own trend
  • Operating margin expanded 257 bps YoY
  • Exceptional items of ₹-489 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.5%+7.2% 15,52114,47813,675
Operating profit +23.4%+9.3% 4,9484,5274,009
OPM % +257 bps+62 bps 31.9%31.3%29.3%
Other income +24.3%+23.2% 579470466
Net profit? +16.5%+8.4% 3,3813,1182,903
PAT margin % +55 bps+25 bps 21.8%21.5%21.2%
EPS (₹) +15.7%+7.7% 14.0013.0012.10

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹4,227 Cr: core business ₹4,138 Cr, other income ₹579 Cr, exceptional & other items −₹489 Cr.

Core profit YoY: +24.4% · reported profit +16.5%

Cash & debt

FY25 cash from operations ₹14,072 Cr: 129% of FY25 net profit of ₹10,929 Cr.

Borrowings ₹2,362 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹14,934₹15,521 +3.9% in line
Net profit₹2,665₹3,381 +26.9% above
📊 Investor presentation (22 Sep) Detailed financials →

Infosys Limited

INFY · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹4,13,113 Cr
P/E
14.0
PEG
1.75
  • Profit -11% below its own trend
  • Operating margin contracted 297 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.9%+2.2% 45,47944,49041,764
Operating profit -6.2%-10.7% 8,3559,3538,912
OPM % -297 bps-265 bps 18.4%21.0%21.3%
Other income +15.3%-0.2% 874876758
Net profit? -2.2%-9.6% 6,6547,3646,806
PAT margin % -167 bps-192 bps 14.6%16.6%16.3%
EPS (₹) -1.6%-9.0% 16.1717.7616.43

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹9,229 Cr: core business ₹7,100 Cr, other income ₹874 Cr, exceptional & other items ₹1,255 Cr.

Core profit YoY: -6.7% · reported profit -2.2%

Cash & debt

FY25 cash from operations ₹35,694 Cr: 134% of FY25 net profit of ₹26,713 Cr.

Borrowings ₹8,227 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹45,000₹45,479 +1.1% in line
Net profit₹7,487₹6,654 -11.1% below
Detailed financials →

Adani Ports and Special Economic Zone Limited

ADANIPORTS · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹4,04,114 Cr
P/E
30.8
PEG
1.14
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +21.9%+5.9% 9,7059,1677,964
Operating profit +20.5%+4.2% 5,7865,5504,802
OPM % -68 bps-92 bps 59.6%60.5%60.3%
Other income -15.4%-77.4% 189837223
Net profit? +20.8%-2.5% 3,0433,1202,518
PAT margin % -27 bps-268 bps 31.4%34.0%31.6%
EPS (₹) +13.5%-7.9% 13.2514.3911.67

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹3,611 Cr: core business ₹3,422 Cr, other income ₹189 Cr.

Core profit YoY: +23.4% · reported profit +20.8%

Cash & debt

FY25 cash from operations ₹17,226 Cr: 156% of FY25 net profit of ₹11,061 Cr.

Borrowings ₹51,621 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹9,708₹9,705 -0.0% in line
Net profit₹3,065₹3,043 -0.7% in line
Detailed financials →

Titan Company Limited

TITAN · Gems & Jewellery · Q3 FY26 · Standalone
M Cap
₹3,90,417 Cr
P/E
67.8
PEG
3.99
  • Profit +39% above its own trend
  • Operating margin expanded 142 bps YoY
  • Exceptional items of ₹-152 Cr in the quarter
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +52.8%+67.5% 24,59214,68416,097
Operating profit +76.0%+67.8% 2,6571,5831,510
OPM % +142 bps+2 bps 10.8%10.8%9.4%
Other income -77.9%-73.4% 29.0109131
Net profit +70.1%+67.4% 1,6841,006990
PAT margin % +70 bps-0 bps 6.8%6.9%6.2%
EPS (₹) +48.5%+46.2% 16.5611.3311.15

Quality of profit

Pre-tax profit ₹2,223 Cr: core business ₹2,224 Cr, other income ₹29.0 Cr, exceptional & other items −₹30.0 Cr.

Core profit YoY: +87.0% · reported profit +70.1%

Cash & debt

FY25 cash from operations −₹170 Cr: -5% of FY25 net profit of ₹3,335 Cr.

Borrowings ₹17,171 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹19,398₹24,592 +26.8% above
Net profit₹1,210₹1,684 +39.2% above
📊 Investor presentation (07 Aug) Detailed financials →

Axis Bank Limited

AXISBANK · Private Sector Banks · Q3 FY26 · Consolidated
M Cap
₹3,90,112 Cr
P/E
14.0
PEG
0.40
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +5.0%+2.8% 40,89839,77038,959
Net interest income +5.7%+4.1% 14,92414,33814,123
Other income +5.8%-3.6% 7,1897,4606,797
Operating profit (pre-provision) +4.4%+5.4% 11,73911,13811,247
Provisions +5.7%-35.0% 2,3683,6432,240
Net profit? +4.0%+26.8% 7,0115,5286,742
EPS (₹) +3.7%+26.8% 22.5917.8221.79
Cost-to-income % +68 bps-199 bps 46.9%48.9%46.2%
Gross NPA % -6 bps-6 bps 1.4%1.5%1.5%
Net NPA % +7 bps-2 bps 0.4%0.4%0.3%

Where profit came from

Pre-provision profit ₹11,739 Cr (+4.4% YoY); provisions ₹2,368 Cr (+5.7% YoY).

Net profit +4.0% YoY.

Against its own trend ?

TrendActualGap
NII₹14,733₹14,924 +1.3% in line
Net profit₹6,586₹7,011 +6.4% in line
📊 Investor presentation (18 Jul) Detailed financials →

Adani Power Limited

ADANIPOWER · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹3,58,502 Cr
P/E
24.7
PEG
4.11
  • Operating margin contracted 270 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -8.9%-7.5% 12,45113,45713,671
Operating profit -15.6%-17.7% 4,2385,1505,023
OPM % -270 bps-424 bps 34.0%38.3%36.7%
Other income -53.3%-36.2% 5438511,162
Net profit? -15.4%-14.4% 2,4882,9062,940
PAT margin % -152 bps-162 bps 20.0%21.6%21.5%
EPS (₹) -15.9%-15.7% 1.291.53adj. 1.53

EPS restated for the ₹10 to ₹2 split of Sep 2025: Dec 2024 ₹7.67 to ₹1.53.

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹2,945 Cr: core business ₹2,402 Cr, other income ₹543 Cr.

Core profit YoY: -17.1% · reported profit -15.4%

Cash & debt

FY25 cash from operations ₹21,501 Cr: 169% of FY25 net profit of ₹12,750 Cr.

Borrowings ₹39,495 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹14,089₹12,451 -11.6% below
Net profit₹2,692₹2,488 -7.6% in line
📊 Investor presentation (22 Aug) Detailed financials →

Adani Enterprises Limited

ADANIENT · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹3,56,029 Cr
P/E
44.1
PEG
—
  • Profit +999% above its own trend
  • Operating margin expanded 124 bps YoY
  • 91% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹5,871 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.6%+16.8% 24,82021,24922,848
Operating profit +18.6%+10.1% 3,6423,3073,070
OPM % +124 bps-89 bps 14.7%15.6%13.4%
Other income +870.4%+955.8% 6,288596648
Net profit? —+84.4% 6,2963,414229
PAT margin % +2436 bps+930 bps 25.4%16.1%1.0%
EPS (₹) —+92.2% 52.6327.380.45

Quality of profit

Core 9%Other income & one-offs 91%

Pre-tax profit ₹6,932 Cr: core business ₹644 Cr, other income ₹6,288 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹4,513 Cr: 56% of FY25 net profit of ₹8,005 Cr.

Borrowings ₹91,473 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹20,407₹24,820 +21.6% above
Net profit₹260₹6,296 +999.0% above
📊 Investor presentation (29 Jul) Detailed financials →

Maruti Suzuki India Limited

MARUTI · Passenger Cars & Utility Vehicles · Q3 FY26 · Consolidated
M Cap
₹3,55,746 Cr
P/E
24.2
PEG
0.81
  • Operating margin contracted 193 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +28.7%+17.9% 49,90442,34438,764
Operating profit +9.8%+9.6% 5,5735,0865,076
OPM % -193 bps-84 bps 11.2%12.0%13.1%
Other income +1.4%+12.4% 1,1401,0141,125
Net profit? +4.1%+15.8% 3,8793,3493,727
PAT margin % -184 bps-14 bps 7.8%7.9%9.6%
EPS (₹) +4.1%+15.8% 123.38106.52118.54

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹4,917 Cr: core business ₹3,776 Cr, other income ₹1,140 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +4.9% · reported profit +4.1%

Cash & debt

FY25 cash from operations ₹16,136 Cr: 111% of FY25 net profit of ₹14,500 Cr.

Borrowings ₹87.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹42,829₹49,904 +16.5% above
Net profit₹3,891₹3,879 -0.3% in line
📊 Investor presentation (31 Jul) Detailed financials →

Mahindra & Mahindra Limited

M&M · Passenger Cars & Utility Vehicles · Q3 FY26 · Consolidated
M Cap
₹3,37,774 Cr
P/E
16.7
PEG
0.70
  • Profit +16% above its own trend
  • FY25 operating cash flow was only 23% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +25.6%+13.0% 52,10046,10641,465
Operating profit +22.9%+13.2% 10,1078,9298,226
OPM % -44 bps+3 bps 19.4%19.4%19.8%
Other income +82.8%+95.9% 1,323676724
Net profit? +38.5%+26.7% 5,0213,9643,624
PAT margin % +90 bps+104 bps 9.6%8.6%8.7%
EPS (₹) +46.8%+27.2% 41.8532.9028.51

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹6,569 Cr: core business ₹5,538 Cr, other income ₹1,323 Cr, exceptional & other items −₹293 Cr.

Core profit YoY: +26.8% · reported profit +38.5%

Cash & debt

FY25 cash from operations ₹3,176 Cr: 23% of FY25 net profit of ₹14,073 Cr.

Borrowings ₹1,29,025 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹50,278₹52,100 +3.6% in line
Net profit₹4,344₹5,021 +15.6% above
📊 Investor presentation (30 Jul) Detailed financials →

HCL Technologies Limited

HCLTECH · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹3,30,915 Cr
P/E
18.1
PEG
3.01
  • Profit -14% below its own trend
  • Operating margin contracted 107 bps YoY
  • Exceptional items of ₹-956 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.3%+6.0% 33,87231,94229,890
Operating profit +8.0%+13.2% 7,4126,5456,860
OPM % -107 bps+139 bps 21.9%20.5%23.0%
Other income -19.3%-7.2% 385415477
Net profit? -11.1%-3.6% 4,0824,2364,594
PAT margin % -332 bps-121 bps 12.1%13.3%15.4%
EPS (₹) -11.1%-3.6% 15.0615.6316.94

Quality of profit

Pre-tax profit ₹5,509 Cr: core business ₹6,080 Cr, other income ₹385 Cr, exceptional & other items −₹956 Cr.

Core profit YoY: +7.5% · reported profit -11.1%

Cash & debt

FY25 cash from operations ₹22,261 Cr: 128% of FY25 net profit of ₹17,399 Cr.

Borrowings ₹6,276 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹32,027₹33,872 +5.8% above
Net profit₹4,722₹4,082 -13.5% below
Detailed financials →

ITC Limited

ITC · Cigarettes & Tobacco · Q3 FY26 · Consolidated
M Cap
₹3,23,143 Cr
P/E
16.0
PEG
5.34
  • Exceptional items of ₹-355 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.4%+14.2% 22,28119,50220,946
Operating profit +5.3%+2.8% 6,8836,6956,536
OPM % -31 bps-344 bps 30.9%34.3%31.2%
Other income -59.9%-56.4% 322739803
Net profit? +0.1%-3.2% 5,0185,1875,013
PAT margin % -141 bps-407 bps 22.5%26.6%23.9%
EPS (₹) -0.3%-3.7% 3.944.093.95

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹6,754 Cr: core business ₹6,433 Cr, other income ₹322 Cr, exceptional & other items −₹0.9 Cr.

Core profit YoY: +5.3% · reported profit +0.1%

Cash & debt

FY25 cash from operations ₹17,627 Cr: 50% of FY25 net profit of ₹35,052 Cr.

Borrowings ₹285 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹21,754₹22,281 +2.4% in line
Net profit₹5,159₹5,018 -2.7% in line
Detailed financials →

Hindustan Aeronautics Limited

HAL · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹3,18,337 Cr
P/E
34.2
PEG
2.13
  • Profit +25% above its own trend
  • 37% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.7%+16.1% 7,6996,6296,957
Operating profit +11.2%+20.1% 1,8711,5581,683
OPM % +12 bps+80 bps 24.3%23.5%24.2%
Other income +44.7%+2.9% 914888631
Net profit? +29.6%+11.8% 1,8671,6691,440
PAT margin % +355 bps-93 bps 24.2%25.2%20.7%
EPS (₹) +29.6%+11.8% 27.9124.9621.53

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹2,487 Cr: core business ₹1,560 Cr, other income ₹914 Cr, exceptional & other items ₹13.0 Cr.

Core profit YoY: +11.0% · reported profit +29.6%

Cash & debt

FY25 cash from operations ₹13,643 Cr: 163% of FY25 net profit of ₹8,364 Cr.

Borrowings ₹51.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7,714₹7,699 -0.2% in line
Net profit₹1,489₹1,867 +25.4% above
Detailed financials →

UltraTech Cement Limited

ULTRACEMCO · Cement · Q3 FY26 · Consolidated
M Cap
₹3,09,466 Cr
P/E
36.1
PEG
2.01
  • Operating margin expanded 114 bps YoY
  • Core business grew faster than reported profit (core profit +41%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +27.0%+11.3% 21,83019,60717,193
Operating profit +35.6%+26.7% 3,9153,0892,887
OPM % +114 bps+218 bps 17.9%15.8%16.8%
Other income -44.5%-22.1% 136174244
Net profit? +17.4%+39.7% 1,7291,2381,474
PAT margin % -65 bps+161 bps 7.9%6.3%8.6%
EPS (₹) +15.0%+40.4% 58.6641.7950.99

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹2,283 Cr: core business ₹2,241 Cr, other income ₹136 Cr, exceptional & other items −₹93.7 Cr.

Core profit YoY: +41.1% · reported profit +17.4%

Cash & debt

FY25 cash from operations ₹10,673 Cr: 165% of FY25 net profit of ₹6,469 Cr.

Borrowings ₹24,102 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹19,832₹21,830 +10.1% above
Net profit₹1,773₹1,729 -2.4% in line
📊 Investor presentation (20 Jul) Detailed financials →

NTPC Limited

NTPC · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹3,00,597 Cr
P/E
10.6
PEG
0.62
  • Operating margin expanded 144 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +1.8%+2.4% 45,84644,78645,053
Operating profit +6.6%+13.7% 14,57012,81613,667
OPM % +144 bps+316 bps 31.8%28.6%30.3%
Other income +218.8%-36.4% 1,7382,734545
Net profit? +8.3%+7.1% 5,5975,2255,170
PAT margin % +73 bps+54 bps 12.2%11.7%11.5%
EPS (₹) +8.4%+8.2% 5.665.235.22

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹8,050 Cr: core business ₹6,313 Cr, other income ₹1,738 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -4.1% · reported profit +8.3%

Cash & debt

FY25 cash from operations ₹50,436 Cr: 211% of FY25 net profit of ₹23,953 Cr.

Borrowings ₹2,50,096 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹46,136₹45,846 -0.6% in line
Net profit₹5,433₹5,597 +3.0% in line
📊 Investor presentation (27 Jul) Detailed financials →

ETERNAL LIMITED

ETERNAL · E-Commerce & Internet Retail · Q3 FY26 · Consolidated
M Cap
₹2,97,334 Cr
P/E
686.7
PEG
—
  • Profit +246% above its own trend
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +201.9%+20.1% 16,31513,5905,405
Operating profit +127.2%+54.0% 368239162
OPM % -74 bps+50 bps 2.3%1.8%3.0%
Other income +38.1%-1.1% 348352252
Net profit? +72.9%+56.9% 10265.059.0
PAT margin % -47 bps+15 bps 0.6%0.5%1.1%
EPS (₹) +57.1%+57.1% 0.110.070.07

Quality of profit

Pre-tax profit ₹170 Cr: core business −₹178 Cr, other income ₹348 Cr.

Core profit YoY: loss widened · reported profit +72.9%

Against its own trend ?

TrendActualGap
Sales₹9,048₹16,315 +80.3% above
Net profit₹29.5₹102 +245.8% above
Detailed financials →

JSW Steel Limited

JSWSTEEL · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹2,86,309 Cr
P/E
10.2
PEG
0.30
  • Profit +82% above its own trend
  • Exceptional items of ₹529 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.1%+1.9% 45,99145,15241,378
Operating profit +16.4%-8.7% 6,4967,1155,579
OPM % +64 bps-163 bps 14.1%15.8%13.5%
Other income +446.0%-3.9% 27328450.0
Net profit? +235.2%+46.4% 2,4101,646719
PAT margin % +350 bps+159 bps 5.2%3.6%1.7%
EPS (₹) +199.0%+31.9% 8.766.642.93

Quality of profit

Pre-tax profit ₹1,457 Cr: core business ₹1,830 Cr, other income ₹273 Cr, exceptional & other items −₹646 Cr.

Core profit YoY: +62.2% · reported profit +235.2%

Cash & debt

FY25 cash from operations ₹20,899 Cr: 599% of FY25 net profit of ₹3,491 Cr.

Borrowings ₹98,752 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹41,199₹45,991 +11.6% above
Net profit₹1,324₹2,410 +82.0% above
📊 Investor presentation (12 Aug) Detailed financials →

Oil & Natural Gas Corporation Limited

ONGC · Oil & Gas Exploration & Services · Q3 FY26 · Consolidated
M Cap
₹2,76,766 Cr
P/E
6.2
PEG
6.18
  • Profit +17% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.8%+6.0% 1,67,4231,57,9111,66,097
Operating profit +4.4%-4.5% 25,33526,52124,278
OPM % +52 bps-166 bps 15.1%16.8%14.6%
Other income +37.2%-4.1% 3,3083,4482,411
Net profit? +22.1%-5.3% 11,94612,6159,784
PAT margin % +125 bps-85 bps 7.1%8.0%5.9%
EPS (₹) +16.2%-7.2% 7.968.586.85

Quality of profit

Core 79%Other income & one-offs 21%

Pre-tax profit ₹16,190 Cr: core business ₹12,740 Cr, other income ₹3,308 Cr, exceptional & other items ₹142 Cr.

Core profit YoY: +14.7% · reported profit +22.1%

Cash & debt

FY25 cash from operations ₹90,868 Cr: 237% of FY25 net profit of ₹38,294 Cr.

Borrowings ₹1,87,817 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,66,142₹1,67,423 +0.8% in line
Net profit₹10,234₹11,946 +16.7% above
Detailed financials →

Standouts so far

Biggest profit growth

  1. B. L.+961.2%
  2. Bansal Wire+938.2%
  3. Tata Steel+824.0%
  4. Craftsman Automation+728.4%
  5. Star Cement+718.1%

Biggest profit declines

  1. Bodal Chemicals-100.0%
  2. Max Estates-100.0%
  3. Kopran-99.1%
  4. Adani Green-98.9%
  5. Siemens-98.4%

Among companies with a market cap of ₹1,000 Cr or more, so a tiny base does not top the list. Price reaction: last close against the close before the filing.

Q3 FY26 results by sector

Combined figures of the companies in each industry that have reported so far, against the same companies a year earlier.

SectorDeclaredSales YoYProfit YoY OPM changeGrew profitAbove trendBest profit growth
Miscellaneous 172 +6.8% -18.1% +23 bps 55% 36% Super Spinning +927%
Construction & Infrastructure 169 +4.5% +15.2% +26 bps 57% 33% B. L. +961%
NBFC & Finance Companies 167 +34.8% +16.1% -107 bps 60% 45% Teamo Productions +989%
Textiles 128 +11.2% -9.7% -248 bps 49% 28% Cheviot +400%
IT Services & Software 127 +9.8% -8.2% -75 bps 51% 28% California Software +405%
Pharmaceuticals 117 -22.1% -17.0% +326 bps 57% 35% Par Drugs +730%
Trading & Distribution 108 +40.5% +305.3% +193 bps 57% 39% State Trading +930%
Chemicals 90 +4.9% +7.1% -32 bps 46% 25% Aarti Surfactants +359%
Iron & Steel 81 +8.2% +72.7% +93 bps 59% 37% Bansal Wire +938%
Auto Components 76 +22.9% +30.7% +64 bps 78% 54% Craftsman Automation +728%
Electrical Equipment 75 +18.7% -12.9% -265 bps 64% 25% Kirloskar Electric +619%
Engineering & Capital Goods 65 +6.5% +6.9% -90 bps 52% 28% JNK India +501%
Media & Entertainment 43 -4.7% — +82 bps 35% 25% Cineline India +471%
Packaged Foods & Food Processing 43 +16.5% +30.6% +4 bps 78% 48% Megastar Foods +588%
Hotels & Resorts 41 +13.5% +20.1% +7 bps 50% 31% Sinclairs Hotels +415%
Cement 33 +13.6% -33.2% -17 bps 55% 33% Star Cement +718%
Hospitals & Healthcare Services 33 +19.7% +0.4% -44 bps 50% 13% Dr. Agarwal's +56%
Mining & Minerals 31 -8.2% +18.9% -170 bps 71% 48% Rajnandini Metal +467%
Packaging 31 +2.6% -22.7% -19 bps 45% 35% Oricon Enterprises +176%
Plastic Products 30 +6.3% -1.7% +46 bps 62% 23% S.J.S. Enterprises +62%
Sugar 30 +11.2% +103.0% +268 bps 67% 60% Ponni Sugars +350%
Private Sector Banks 29 +5.8% +4.3% — 76% 33% RBL Bank +382%
Power Generation & Utilities 28 +8.1% +5.6% +155 bps 68% 41% Surana Telecom +648%
Gems & Jewellery 25 +117.1% +83.2% -35 bps 95% 61% Senco Gold +688%
Pesticides & Agrochemicals 24 +8.1% -47.1% -62 bps 52% 38% Sharda Cropchem +366%
Castings & Forgings 22 +10.2% -11.2% -190 bps 64% 33% Hilton Metal +216%
Paper 22 +2.7% -44.1% +38 bps 50% 36% Emami Paper +899%
Electronic Components 20 +28.1% +21.3% +106 bps 65% 17% Elin Electronics +162%
Fertilizers 19 +17.5% +2.2% -50 bps 56% 15% National Fertilizers +195%
Consumer Durables & Appliances 18 +1.0% -28.3% -71 bps 27% 8% Dixon Technologies +48%
Cables & Wires 17 +32.5% +39.5% +6 bps 75% 45% Plaza Wires +765%
Housing Finance 16 +6.6% +60.8% +2243 bps 80% 27% Coral India +61%
Telecom Services 15 +14.1% -95.2% +265 bps 50% 29% Bharti Hexacom +82%
Breweries & Distilleries 14 +8.0% +10.1% +219 bps 62% 46% United Breweries +111%
Diversified Conglomerates 12 +7.2% -23.4% +27 bps 50% 33% Krishna Defence +150%
Dyes & Pigments 12 +62.6% +1854.6% -579 bps 36% 27% Hindprakash Industries +44%
Footwear & Leather 12 +7.6% +29.6% +62 bps 58% 62% Superhouse +151%
Oil & Gas Exploration & Services 12 +0.8% +21.1% +38 bps 64% 50% Aakash Exploration +208%
Petrochemicals 12 -4.6% +3.0% +845 bps 50% 50% Savita Oil +204%
Public Sector Banks 12 +6.6% +14.0% — 100% 8% Indian Overseas +63%
Pumps, Compressors & Engines 12 +8.6% -14.9% -317 bps 55% 11% Roto Pumps +69%
Edible Oils 11 +15.8% +11.3% -141 bps 73% 44% Gokul Refoils +806%
Personal Care & FMCG 11 +5.5% +74.4% +28 bps 82% 50% Cupid +197%
Aluminium 10 +13.0% -31.0% -142 bps 75% 14% GSM Foils +96%
Bearings & Abrasives 10 +11.4% +1.8% +23 bps 38% 50% Schaeffler India +36%
Ceramics, Tiles & Sanitaryware 10 +6.5% +4.6% +197 bps 70% 62% Lexus Granito +788%
Education & E-Learning 10 +16.5% +12.0% -171 bps 57% 40% Aptech +139%
Tea & Coffee 10 +19.2% +34.7% +208 bps 70% 33% Grob Tea +600%
Electrodes, Graphite & Refractories 9 +17.5% +114.5% +286 bps 89% 71% ORIENT CERATECH +159%
Printing, Publishing & Stationery 9 +11.7% +263.3% -35 bps 50% 60% Flair Writing +23%
Tyres & Rubber 9 +14.3% +54.3% +327 bps 78% 88% JK Tyre +295%
Commercial & Business Services 8 +32.6% +67.7% +188 bps 67% 0% EFC (I) +54%
Telecom Equipment & Infrastructure 8 -70.4% -177.4% -1001 bps 29% 0% Astra Microwave -0%
Two & Three Wheelers 8 +23.7% +33.4% +195 bps 88% 17% Atul Auto +50%
Computer Hardware 7 +94.3% +110.6% +173 bps 50% 33% Netweb Technologies +141%
Glass 7 +10.3% +86.1% +862 bps 71% 33% Borosil Scientific +117%
Refineries & Oil Marketing 7 +7.3% +58.3% +258 bps 100% 57% Indian Oil +529%
Travel & Tourism 7 +85.4% +6.3% -685 bps 57% 29% Le Travenues +54%
Paints 6 +2.9% -29.9% +68 bps 20% 25% Indigo Paints +3%
Real Estate 6 -64.0% -94.0% -6732 bps 0% 0% GANESH HOUSING -67%
Shipping & Ports 6 +19.7% +52.4% +983 bps 50% 100% Shipping +436%
Specialty Chemicals 6 +10.8% -36.9% -205 bps 33% 0% Jubilant Agri +5%
Commercial Vehicles 5 +22.4% +34.0% +29 bps 100% 33% FORCE MOTORS +252%
IT Enabled Services (BPO/KPO) 5 +33.3% +27.5% -190 bps 100% — Brightcom Group +28%
Logistics 5 +6.9% -16.1% +156 bps 0% 0% Blue Dart -16%
Passenger Cars & Utility Vehicles 5 +18.7% -0.1% -149 bps 75% 50% Mahindra & Mahindra +39%
Tractors & Farm Machinery 5 +8.5% +9.8% +95 bps 67% 33% Indo Farm +40%
Agricultural Products 4 -40.4% +6.0% +229 bps 50% 0% Modi Naturals +28%
Capital Markets & Broking 4 +21.6% +68.2% +298 bps 100% 100% Anand Rathi +68%
E-Commerce & Internet Retail 4 +201.9% +72.9% -74 bps 100% 100% ETERNAL +73%
Retail 4 — — — — — —
Aerospace & Defence 3 +176.0% +25.8% +1371 bps 100% 0% Jaykay Enterprises +26%
Airlines 3 +6.2% -78.0% -59 bps 0% 0% Jet Freight -38%
Amusement Parks & Recreation 3 -5.1% -60.2% -189 bps 0% 33% Wonderla Holidays -29%
Aquaculture & Seafood 3 +39.0% — +236 bps 100% 100% Coastal +264%
Cigarettes & Tobacco 3 +5.5% -0.8% +1 bps 67% 0% Godfrey Phillips +9%
Leisure Products & Luggage 3 +2.3% -212.5% -1049 bps 33% 0% Safari Industries +6%
Asset Management Companies 2 — — — — — —
Fasteners 2 -8.8% -48.6% +165 bps 50% 50% Gala Precision +60%
Fintech 2 — — — — — —
Furniture & Home Furnishing 2 +6.6% — — 100% — —
Investment & Holding Companies 2 — — — — — —
Restaurants & QSR 2 +10.7% -294533.3% — 0% — —

How to read this page

The numbers. Each card is one company's Q3 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