Home › Quarterly results › Q3 FY26
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.
4316 declared
Latest results
Results calendar
Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26
The next results season has started: 42 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
Filters & sorting
Results by sector
1051 matching results 1051
Page 10 of 36
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
M Cap ₹1,039 Cr
P/E 12.1
PEG 0.50
Profit +54% above its own trend Operating margin expanded 102 bps YoY 26% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +0%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-3.4% -11.5%
169 191 175 Operating profit
+4.8% -8.3%
22.0 24.0 21.0 OPM %
+102 bps +45 bps
13.0% 12.6% 12.0% Other income
from loss +75.0%
7.0 4.0 -2.0 Net profit
+75.0% +10.5%
21.0 19.0 12.0 PAT margin %
+557 bps +248 bps
12.4% 9.9% 6.9% EPS (₹)
+64.4% +12.1%
0.74 0.66 0.45
Quality of profit
Pre-tax profit ₹27.0 Cr: core business ₹20.0 Cr, other income ₹7.0 Cr.
Core profit YoY: +0.0%
· reported profit +75.0%
Cash & debt
FY25 cash from operations ₹69.0 Cr:
115% of FY25 net profit of ₹60.0 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹191 ₹169
-11.6% below Net profit ₹13.7 ₹21.0
+53.6% above
M Cap ₹1,037 Cr
P/E 18.7
PEG 1.70
Turnaround: profit against a loss a year ago Operating margin expanded 267 bps YoY 25% of pre-tax profit came from other income and one-off items Exceptional items of ₹-1.6 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+16.0% +3.7%
606 584 522 Operating profit
+88.4% +59.2%
42.0 26.4 22.3 OPM %
+267 bps +242 bps
6.9% 4.5% 4.3% Other income
+40.3% -42.5%
6.5 11.3 4.6 Net profit?
from loss +8.6%
14.6 13.5 -2.0 PAT margin %
+280 bps +11 bps
2.4% 2.3% -0.4% EPS (₹)
from loss +20.5%
1.35 1.12 -0.22
Quality of profit
Pre-tax profit ₹19.6 Cr: core business ₹14.7 Cr, other income ₹6.5 Cr, exceptional & other items −₹1.6 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹25.0 Cr:
64% of FY25 net profit of ₹39.1 Cr.
Borrowings ₹350 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹615 ₹606
-1.4% in line
M Cap ₹1,034 Cr
P/E 7.3
PEG —
Profit -15% below its own trend Operating margin expanded 335 bps YoY 31% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-8.5% -7.9%
421 457 460 Operating profit
+67.4% -24.7%
31.1 41.3 18.6 OPM %
+335 bps -165 bps
7.4% 9.0% 4.0% Other income
+43.7% -39.5%
8.2 13.5 5.7 Net profit?
+69.9% -41.9%
19.9 34.2 11.7 PAT margin %
+218 bps -277 bps
4.7% 7.5% 2.5% EPS (₹)
+70.0% -42.0%
2.21 3.81 1.30
Quality of profit
Pre-tax profit ₹26.1 Cr: core business ₹18.0 Cr, other income ₹8.2 Cr.
Core profit YoY: +71.9%
· reported profit +69.9%
Cash & debt
FY25 cash from operations ₹207 Cr:
355% of FY25 net profit of ₹58.4 Cr.
Borrowings ₹135 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹473 ₹421
-11.0% below Net profit ₹23.4 ₹19.9
-15.0% below
M Cap ₹1,029 Cr
P/E 132.1
PEG —
Profit +85% above its own trend Operating margin contracted 125 bps YoY 66% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -18%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+15.4% +8.0%
38.3 35.5 33.2 Operating profit
-0.3% -28.7%
3.0 4.3 3.1 OPM %
-125 bps -410 bps
8.0% 12.1% 9.2% Other income
+577.8% +3.4%
1.2 1.2 0.2 Net profit
+93.7% -41.0%
1.8 3.1 0.9 PAT margin %
+194 bps -399 bps
4.8% 8.8% 2.9% EPS (₹)
+95.0% -40.9%
0.78 1.32 0.40
Quality of profit
Pre-tax profit ₹1.8 Cr: core business ₹0.6 Cr, other income ₹1.2 Cr.
Core profit YoY: -18.4%
· reported profit +93.7%
Cash & debt
FY25 cash from operations ₹22.0 Cr:
529% of FY25 net profit of ₹4.2 Cr.
Borrowings ₹28.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹32.9 ₹38.3
+16.3% above Net profit ₹1.0 ₹1.8
+85.3% above
M Cap ₹1,003 Cr
P/E 5.2
PEG —
Profit -97% below its own trend Operating margin contracted 8842 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
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-36.3% +4.3%
72.0 69.0 113 Operating profit
to loss loss widened -42.0 -41.0 34.0 OPM %
-8842 bps +109 bps
-58.3% -59.4% 30.1% Other income
-13.9% +19.2%
62.0 52.0 72.0 Net profit?
-93.5% from loss 6.0 -13.0 93.0 PAT margin %
-7397 bps +2717 bps
8.3% -18.8% 82.3% EPS (₹)
-93.5% from loss 1.73 -3.05 26.70
Quality of profit
Pre-tax profit ₹4.0 Cr: core business −₹58.0 Cr, other income ₹62.0 Cr.
Core profit YoY: to loss
· reported profit -93.5%
Cash & debt
FY25 cash from operations −₹378 Cr:
-262% of FY25 net profit of ₹144 Cr.
Borrowings ₹388 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹84.8 ₹72.0
-15.1% below Net profit ₹186 ₹6.0
-96.8% below
M Cap ₹991 Cr
P/E 24.6
PEG —
Operating margin expanded 178 bps YoY 57% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-3.9% +15.6%
90.1 78.0 93.8 Operating profit
+14.9% from loss 9.8 -3.1 8.5 OPM %
+178 bps +1483 bps
10.9% -4.0% 9.1% Other income
+25.5% -60.4%
1.3 3.2 1.0 Net profit?
— from loss 10.1 -3.6 0.5 PAT margin %
+1064 bps +1583 bps
11.2% -4.6% 0.6% EPS (₹)
— from loss 1.10 -0.39 0.06
Quality of profit
Pre-tax profit ₹10.4 Cr: core business ₹4.5 Cr, other income ₹1.3 Cr, exceptional & other items ₹4.7 Cr.
Core profit YoY: +39.2%
Cash & debt
FY25 cash from operations ₹35.0 Cr:
117% of FY25 net profit of ₹29.8 Cr.
Borrowings ₹83.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹71.6 ₹90.1
+25.9% above
M Cap ₹988 Cr
P/E 42.2
PEG 0.88
Profit +999% above its own trend Operating margin expanded 673 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+36.0% +11.6%
74.4 66.7 54.7 Operating profit
+203.1% +11.4%
9.1 8.2 3.0 OPM %
+673 bps -2 bps
12.2% 12.2% 5.5% Other income
— +9.6%
2.4 2.2 0.2 Net profit?
— +10.6%
6.4 5.8 0.1 PAT margin %
+853 bps -8 bps
8.6% 8.7% 0.1% EPS (₹)
+540.0% +30.9%
2.88 2.20 0.45
Quality of profit
Pre-tax profit ₹8.3 Cr: core business ₹5.8 Cr, other income ₹2.4 Cr.
Core profit YoY: +320.4%
Cash & debt
FY25 cash from operations ₹46.0 Cr:
340% of FY25 net profit of ₹13.5 Cr.
Borrowings ₹13.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹87.3 ₹74.4
-14.7% below Net profit ₹0.1 ₹6.4
+999.0% above
M Cap ₹970 Cr
P/E 28.6
PEG —
Profit -60% below its own trend Operating margin contracted 409 bps YoY 28% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 30% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+27.4% +9.6%
227 207 178 Operating profit
-15.0% +248.6%
18.6 5.3 21.9 OPM %
-409 bps +561 bps
8.2% 2.6% 12.3% Other income
— +900.0%
2.4 0.2 0.1 Net profit?
-27.8% from loss 6.4 -5.2 8.9 PAT margin %
-216 bps +533 bps
2.8% -2.5% 5.0% EPS (₹)
-27.7% from loss 2.64 -2.14 3.65
Quality of profit
Pre-tax profit ₹8.4 Cr: core business ₹6.0 Cr, other income ₹2.4 Cr.
Core profit YoY: -47.7%
· reported profit -27.8%
Cash & debt
FY25 cash from operations ₹12.0 Cr:
30% of FY25 net profit of ₹40.4 Cr.
Borrowings ₹192 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹236 ₹227
-3.9% in line Net profit ₹16.2 ₹6.4
-60.4% below
M Cap ₹966 Cr
P/E 0.4
PEG 0.02
Turnaround: profit against a loss a year ago Operating margin contracted 1449 bps YoY All of pre-tax profit came from other income or one-off items Exceptional items of ₹2,129 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+455.9% +268.9%
506 137 91.0 Operating profit
to loss loss widened -28.8 -24.7 8.0 OPM %
-1449 bps +1231 bps
-5.7% -18.0% 8.8% Other income
— -55.3%
89.4 200 3.0 Net profit?
from loss —
2,157 159 -2.0 EPS (₹)
from loss —
115.23 8.65 -0.11
Quality of profit
Pre-tax profit ₹2,179 Cr: core business −₹40.3 Cr, other income ₹89.4 Cr, exceptional & other items ₹2,129 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹277 Cr:
223% of FY25 net profit of ₹124 Cr.
Borrowings ₹3,628 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹69.9 ₹506
+624.1% above
M Cap ₹961 Cr
P/E 11.5
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 540 bps YoY 35% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+4.7% -12.9%
486 558 464 Operating profit
+168.8% from loss 43.0 -8.0 16.0 OPM %
+540 bps +1028 bps
8.8% -1.4% 3.4% Other income
from loss -30.8%
9.0 13.0 -1.0 Net profit?
from loss from loss 17.0 -16.0 -6.2 PAT margin %
+484 bps +637 bps
3.5% -2.9% -1.3% EPS (₹)
from loss from loss 2.55 -2.41 -1.03
Quality of profit
Pre-tax profit ₹26.0 Cr: core business ₹17.0 Cr, other income ₹9.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹130 Cr:
823% of FY25 net profit of ₹15.8 Cr.
Borrowings ₹1,162 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹515 ₹486
-5.6% below
M Cap ₹961 Cr
P/E 107.6
PEG —
Profit -24% below its own trend Operating margin contracted 477 bps YoY 26% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -39%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-8.5% +25.9%
67.2 53.4 73.4 Operating profit
-33.7% +27.2%
8.4 6.6 12.7 OPM %
-477 bps +13 bps
12.5% 12.4% 17.3% Other income
+114.4% +211.6%
2.5 0.8 1.2 Net profit?
-10.3% +73.6%
7.9 4.5 8.8 PAT margin %
-24 bps +321 bps
11.7% 8.5% 11.9% EPS (₹)
-10.1% +73.9%
3.20 1.84 3.56
Quality of profit
Pre-tax profit ₹9.6 Cr: core business ₹7.1 Cr, other income ₹2.5 Cr.
Core profit YoY: -38.6%
· reported profit -10.3%
Cash & debt
FY25 cash from operations ₹72.0 Cr:
177% of FY25 net profit of ₹40.8 Cr.
Borrowings ₹5.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹91.9 ₹67.2
-26.9% below Net profit ₹10.3 ₹7.9
-23.8% below
M Cap ₹956 Cr
P/E 21.6
PEG 0.10
Turnaround: profit against a loss a year ago Operating margin expanded 432 bps YoY 48% of pre-tax profit came from other income and one-off items Exceptional items of ₹-1.8 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+52.3% -0.3%
139 139 91.0 Operating profit
+85.6% -18.5%
33.4 41.0 18.0 OPM %
+432 bps -539 bps
24.1% 29.5% 19.8% Other income
-4.9% -4.9%
8.6 9.0 9.0 Net profit?
from loss -40.5%
9.5 16.0 -11.0 PAT margin %
+1896 bps -464 bps
6.9% 11.5% -12.1% EPS (₹)
from loss -39.0%
6.11 10.01 -7.10
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹7.3 Cr, other income ₹8.6 Cr, exceptional & other items −₹1.8 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹130 Cr:
959% of FY25 net profit of ₹13.6 Cr.
Borrowings ₹628 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹136 ₹139
+1.9% in line
M Cap ₹947 Cr
P/E 13.5
PEG 4.51
Profit -27% below its own trend Operating margin contracted 499 bps YoY 46% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -63%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+7.8% +1.7%
262 258 243 Operating profit
-17.3% -13.9%
43.0 49.9 52.0 OPM %
-499 bps -297 bps
16.4% 19.4% 21.4% Other income
+16.7% -2.6%
7.0 7.2 6.0 Net profit?
-16.7% -13.1%
15.0 17.3 18.0 PAT margin %
-168 bps -97 bps
5.7% 6.7% 7.4% EPS (₹)
-27.0% -15.8%
4.05 4.81 5.55
Quality of profit
Pre-tax profit ₹13.0 Cr: core business ₹7.0 Cr, other income ₹7.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -63.2%
· reported profit -16.7%
Cash & debt
FY25 cash from operations ₹190 Cr:
189% of FY25 net profit of ₹101 Cr.
Borrowings ₹505 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹277 ₹262
-5.6% below Net profit ₹20.5 ₹15.0
-26.9% below
Operating margin contracted 316 bps YoY 54% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -20%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+2.2% -22.5%
141 182 138 Operating profit
-19.0% -37.0%
17.0 27.0 21.0 OPM %
-316 bps -278 bps
12.1% 14.8% 15.2% Other income
+46.2% +171.4%
19.0 7.0 13.0 Net profit
+0.0% +0.0%
24.0 24.0 24.0 PAT margin %
-37 bps +383 bps
17.0% 13.2% 17.4% EPS (₹)
+3.3% -0.3%
14.16 14.20 13.71
Quality of profit
Pre-tax profit ₹35.0 Cr: core business ₹16.0 Cr, other income ₹19.0 Cr.
Core profit YoY: -20.0%
· reported profit +0.0%
Cash & debt
FY25 cash from operations ₹88.0 Cr:
92% of FY25 net profit of ₹95.3 Cr.
Borrowings ₹15.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹141 ₹141
+0.1% in line Net profit ₹25.4 ₹24.0
-5.7% in line
Turnaround: profit against a loss a year ago 42% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+647.1% -6.5%
10.2 10.9 1.4 Operating profit
from loss from loss 7.0 -12.9 -28.4 OPM %
— —
69.2% — — Other income
+42.3% -2.8%
2.8 2.9 2.0 Net profit
from loss from loss 5.1 -15.6 -31.2 PAT margin %
— —
50.0% — — EPS (₹)
from loss from loss 8.47 -25.98 -52.03
Quality of profit
Pre-tax profit ₹6.6 Cr: core business ₹3.8 Cr, other income ₹2.8 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹203 Cr.
Borrowings ₹0.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.1 ₹10.2
+795.0% above
M Cap ₹926 Cr
P/E 18.9
PEG —
25% of pre-tax profit came from other income and one-off items
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
-37.4%
133 213 Operating profit
-72.8%
7.0 25.8 OPM %
-686 bps
5.3% 12.1% Other income
+338.6%
1.0 0.2 Net profit
-81.1%
3.0 15.9 PAT margin %
-521 bps
2.3% 7.5% EPS (₹)
-86.7%
0.47 3.53
Quality of profit
Pre-tax profit ₹4.0 Cr: core business ₹3.0 Cr, other income ₹1.0 Cr.
M Cap ₹922 Cr
P/E 12.9
PEG —
Profit -98% below its own trend Operating margin contracted 1411 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-47.6% -17.8%
419 510 799 Operating profit
to loss to loss -3.0 12.0 107 OPM %
-1411 bps -307 bps
-0.7% 2.4% 13.4% Other income
+166.7% +4.3%
24.0 23.0 9.0 Net profit
-96.0% -76.9%
3.0 13.0 75.0 PAT margin %
-867 bps -183 bps
0.7% 2.5% 9.4% EPS (₹)
-96.5% -80.0%
0.16 0.80 4.63
Quality of profit
Pre-tax profit ₹4.0 Cr: core business −₹21.0 Cr, other income ₹24.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: to loss
· reported profit -96.0%
Cash & debt
FY25 cash from operations ₹116 Cr:
178% of FY25 net profit of ₹65.0 Cr.
Borrowings ₹1,594 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹793 ₹419
-47.2% below Net profit ₹150 ₹3.0
-98.0% below
M Cap ₹921 Cr
P/E 14.5
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 202 bps YoY 85% of pre-tax profit came from other income and one-off items Exceptional items of ₹-10.2 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-8.8% -5.2%
1,091 1,151 1,196 Operating profit
+34.7% -5.8%
68.2 72.4 50.6 OPM %
+202 bps -4 bps
6.3% 6.3% 4.2% Other income
+87.0% +49.7%
13.7 9.1 7.3 Net profit?
from loss -68.0%
2.4 7.4 -9.2 PAT margin %
+99 bps -43 bps
0.2% 0.6% -0.8% EPS (₹)
from loss -68.4%
0.50 1.58 -1.96
Quality of profit
Pre-tax profit ₹4.4 Cr: core business ₹0.7 Cr, other income ₹13.7 Cr, exceptional & other items −₹10.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹426 Cr.
Borrowings ₹1,716 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1,231 ₹1,091
-11.4% below
M Cap ₹880 Cr
P/E 14.6
PEG —
Profit -57% below its own trend Operating margin contracted 158 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+8.6% -45.4%
190 347 175 Operating profit
-22.9% -77.0%
7.3 31.8 9.5 OPM %
-158 bps -529 bps
3.9% 9.2% 5.4% Other income
from loss —
3.2 0.0 -0.0 Net profit?
-35.6% -95.6%
0.8 17.3 1.2 PAT margin %
-28 bps -459 bps
0.4% 5.0% 0.7% EPS (₹)
-37.1% -95.7%
0.22 5.13 0.35
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹2.2 Cr, other income ₹3.2 Cr.
Core profit YoY: to loss
· reported profit -35.6%
Cash & debt
FY25 cash from operations ₹39.0 Cr:
112% of FY25 net profit of ₹34.8 Cr.
Borrowings ₹116 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹223 ₹190
-15.0% below Net profit ₹1.8 ₹0.8
-56.9% below
M Cap ₹880 Cr
P/E 13.5
PEG 0.34
26% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+10.7% +7.9%
306 283 276 Operating profit
+15.8% +14.4%
20.5 17.9 17.7 OPM %
+30 bps +38 bps
6.7% 6.3% 6.4% Other income
+21.6% +3.7%
4.7 4.5 3.8 Net profit?
+5.0% +20.8%
15.9 13.2 15.1 PAT margin %
-28 bps +55 bps
5.2% 4.6% 5.5% EPS (₹)
+5.0% +20.8%
11.38 9.42 10.84
Quality of profit
Pre-tax profit ₹18.2 Cr: core business ₹13.6 Cr, other income ₹4.7 Cr.
Core profit YoY: +2.3%
· reported profit +5.0%
Cash & debt
FY25 cash from operations −₹32.0 Cr:
-51% of FY25 net profit of ₹62.5 Cr.
Borrowings ₹91.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹321 ₹306
-4.6% in line Net profit ₹16.2 ₹15.9
-1.6% in line
M Cap ₹868 Cr
P/E 0.9
PEG 0.03
Profit -75% below its own trend Operating margin contracted 660 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-72.8% -75.8%
344 1,423 1,264 Operating profit
-92.3% -94.8%
9.0 174 117 OPM %
-660 bps -961 bps
2.6% 12.2% 9.2% Other income
-15.0% -95.3%
43.0 923 50.6 Net profit?
-50.6% -95.2%
40.0 840 81.0 PAT margin %
+522 bps -4740 bps
11.6% 59.0% 6.4% EPS (₹)
-27.3% -95.1%
9.43 191.68 12.97
Quality of profit
Pre-tax profit ₹30.0 Cr: core business −₹13.0 Cr, other income ₹43.0 Cr.
Core profit YoY: to loss
· reported profit -50.6%
Cash & debt
FY25 cash from operations ₹511 Cr:
222% of FY25 net profit of ₹230 Cr.
Borrowings ₹717 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1,519 ₹344
-77.4% below Net profit ₹162 ₹40.0
-75.3% below
M Cap ₹823 Cr
P/E 28.2
PEG 0.63
Profit -62% below its own trend Operating margin contracted 412 bps YoY 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-4.2% +10.0%
53.8 48.9 56.2 Operating profit
-29.6% +22.0%
6.2 5.0 8.7 OPM %
-412 bps +113 bps
11.4% 10.3% 15.6% Other income
-11.4% -77.1%
1.5 6.7 1.7 Net profit?
-23.1% -46.3%
4.3 8.0 5.6 PAT margin %
-198 bps -841 bps
8.0% 16.4% 10.0% EPS (₹)
— -49.7%
2.50 4.97 3.71
No EPS growth against Dec 2024: 1:1 bonus in Mar 2026.
Quality of profit
Pre-tax profit ₹5.6 Cr: core business ₹4.1 Cr, other income ₹1.5 Cr.
Core profit YoY: -37.7%
· reported profit -23.1%
Cash & debt
FY25 cash from operations ₹18.0 Cr:
73% of FY25 net profit of ₹24.6 Cr.
Borrowings ₹49.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹74.6 ₹53.8
-27.9% below Net profit ₹11.2 ₹4.3
-61.6% below
M Cap ₹819 Cr
P/E 13.7
PEG 2.75
44% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+15.9% -15.0%
342 402 295 Operating profit
+37.7% -51.2%
18.2 37.3 13.2 OPM %
+85 bps -395 bps
5.3% 9.3% 4.5% Other income
-17.1% -3.5%
4.3 4.5 5.2 Net profit?
-35.3% -67.8%
7.3 22.7 11.3 PAT margin %
-169 bps -351 bps
2.1% 5.6% 3.8% EPS (₹)
-35.3% -67.8%
7.79 24.23 12.04
Quality of profit
Pre-tax profit ₹9.9 Cr: core business ₹5.5 Cr, other income ₹4.3 Cr.
Core profit YoY: -32.0%
· reported profit -35.3%
Cash & debt
FY25 cash from operations ₹69.0 Cr:
1590% of FY25 net profit of ₹4.3 Cr.
Borrowings ₹6.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹192 ₹342
+77.7% above
M Cap ₹818 Cr
P/E 30.6
PEG 3.40
Profit +66% above its own trend Operating margin contracted 1149 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
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-27.2% +282.6%
17.7 4.6 24.2 Operating profit
loss widened loss widened -7.3 -5.5 -7.2 OPM %
-1149 bps —
-41.2% — -29.7% Other income
+84.4% +55.0%
23.8 15.4 12.9 Net profit?
+175.9% +33.6%
8.8 6.6 3.2 PAT margin %
+3680 bps —
50.0% — 13.2% EPS (₹)
+180.0% +33.3%
0.56 0.42 0.20
Quality of profit
Pre-tax profit ₹15.8 Cr: core business −₹8.0 Cr, other income ₹23.8 Cr.
Core profit YoY: loss narrowed
· reported profit +175.9%
Cash & debt
FY25 cash from operations −₹32.0 Cr:
-23% of FY25 net profit of ₹138 Cr.
Borrowings ₹11.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹12.1 ₹17.7
+45.6% above Net profit ₹5.3 ₹8.8
+66.1% above
M Cap ₹809 Cr
P/E 34.3
PEG —
Profit -55% below its own trend Operating margin contracted 914 bps YoY 53% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+5.4% +6.7%
57.3 53.7 54.4 Operating profit
-41.0% -2.8%
6.7 6.8 11.3 OPM %
-914 bps -114 bps
11.6% 12.8% 20.8% Other income
-9.5% -8.1%
3.6 4.0 4.0 Net profit
-42.2% -11.5%
5.1 5.8 8.8 PAT margin %
-732 bps -183 bps
8.9% 10.7% 16.2% EPS (₹)
-42.3% -11.5%
1.39 1.57 2.41
Quality of profit
Pre-tax profit ₹6.8 Cr: core business ₹3.2 Cr, other income ₹3.6 Cr.
Core profit YoY: -59.6%
· reported profit -42.2%
Cash & debt
FY25 cash from operations ₹41.0 Cr:
168% of FY25 net profit of ₹24.5 Cr.
Borrowings ₹25.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹55.7 ₹57.3
+2.9% in line Net profit ₹11.2 ₹5.1
-54.7% below
M Cap ₹808 Cr
P/E 52.4
PEG —
27% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +373%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+29.8% +26.1%
58.2 46.2 44.9 Operating profit
+30.7% +30.1%
22.8 17.5 17.4 OPM %
+25 bps +123 bps
39.1% 37.8% 38.8% Other income
+11.4% -6.7%
2.9 3.1 2.6 Net profit?
+75.0% +98.5%
6.8 3.4 3.9 PAT margin %
+301 bps +426 bps
11.7% 7.4% 8.7% EPS (₹)
+140.0% +20.0%
0.12 0.10 0.05
Quality of profit
Pre-tax profit ₹10.8 Cr: core business ₹7.9 Cr, other income ₹2.9 Cr.
Core profit YoY: +373.1%
· reported profit +75.0%
Cash & debt
FY25 cash from operations ₹40.0 Cr.
Borrowings ₹425 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹47.3 ₹58.2
+23.2% above
M Cap ₹792 Cr
P/E 68.8
PEG —
Profit -68% below its own trend Operating margin contracted 638 bps YoY 47% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+14.8% -1.1%
72.2 72.9 62.8 Operating profit
-68.4% -70.1%
1.7 5.8 5.5 OPM %
-638 bps -559 bps
2.4% 8.0% 8.8% Other income
+96.6% +39.9%
0.9 0.6 0.5 Net profit?
-65.5% -71.2%
1.4 4.8 4.0 PAT margin %
-443 bps -464 bps
1.9% 6.5% 6.3% EPS (₹)
-66.9% -72.1%
0.79 2.83 2.39
Quality of profit
Pre-tax profit ₹1.9 Cr: core business ₹1.0 Cr, other income ₹0.9 Cr.
Core profit YoY: -80.2%
· reported profit -65.5%
Cash & debt
FY25 cash from operations −₹4.0 Cr:
-24% of FY25 net profit of ₹16.9 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹81.7 ₹72.2
-11.7% below Net profit ₹4.2 ₹1.4
-67.6% below
M Cap ₹788 Cr
P/E 213.1
PEG —
Profit +53% above its own trend 28% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+12.8% +22.5%
109 88.7 96.3 Operating profit
+10.7% +122.6%
12.8 5.8 11.6 OPM %
-22 bps +530 bps
11.8% 6.5% 12.0% Other income
-3.0% -16.7%
1.7 2.0 1.8 Net profit?
+9.9% from loss 4.4 -0.4 4.0 PAT margin %
-11 bps +453 bps
4.0% -0.5% 4.2% EPS (₹)
+9.8% from loss 0.90 -0.09 0.82
Quality of profit
Pre-tax profit ₹6.0 Cr: core business ₹4.3 Cr, other income ₹1.7 Cr.
Core profit YoY: +10.0%
· reported profit +9.9%
Cash & debt
FY25 cash from operations ₹41.0 Cr:
337% of FY25 net profit of ₹12.2 Cr.
Borrowings ₹118 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹90.8 ₹109
+19.7% above Net profit ₹2.9 ₹4.4
+52.6% above
M Cap ₹775 Cr
P/E 593.2
PEG —
Profit -70% below its own trend Operating margin contracted 2262 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-12.6% -16.6%
89.2 107 102 Operating profit
-90.1% -88.7%
2.6 23.0 26.1 OPM %
-2262 bps -1859 bps
2.9% 21.5% 25.5% Other income
from loss +23.3%
12.3 10.0 -0.4 Net profit?
-63.4% -73.6%
5.0 19.0 13.7 PAT margin %
-783 bps -1212 bps
5.6% 17.8% 13.5% EPS (₹)
-63.0% -73.1%
0.61 2.27 1.65
Quality of profit
Pre-tax profit ₹6.9 Cr: core business −₹5.4 Cr, other income ₹12.3 Cr.
Core profit YoY: to loss
· reported profit -63.4%
Against its own trend ?
Trend Actual Gap
Sales ₹96.2 ₹89.2
-7.3% below Net profit ₹17.0 ₹5.0
-70.5% below
M Cap ₹769 Cr
P/E 26.6
PEG —
Profit -45% below its own trend Operating margin contracted 157 bps YoY 47% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+26.6% +42.7%
113 79.2 89.3 Operating profit
+19.5% +126.7%
29.9 13.2 25.1 OPM %
-157 bps +981 bps
26.5% 16.7% 28.1% Other income
-11.5% -35.3%
4.9 7.6 5.5 Net profit?
-46.9% +124.1%
9.6 4.3 18.1 PAT margin %
-1177 bps +309 bps
8.5% 5.4% 20.3% EPS (₹)
-49.3% +110.9%
3.29 1.56 6.49
Quality of profit
Pre-tax profit ₹10.3 Cr: core business ₹5.4 Cr, other income ₹4.9 Cr.
Core profit YoY: -66.0%
· reported profit -46.9%
Cash & debt
FY25 cash from operations ₹25.0 Cr:
53% of FY25 net profit of ₹47.5 Cr.
Borrowings ₹221 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹98.9 ₹113
+14.3% above Net profit ₹17.6 ₹9.6
-45.2% below
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.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 13 Oct 2026, 19:16 IST
