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, 17:43 IST 4316 declared
The next results season has started: 41 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 11 of 144

Central Bank of India

CENTRALBK · Public Sector Banks · Q3 FY26 · Consolidated
M Cap
₹27,218 Cr
P/E
6.0
PEG
0.15
  • Gross NPA down 116 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +12.5%+6.9% 10,99710,2849,774
Net interest income -1.1%+6.6% 3,5183,3013,558
Other income +56.4%+27.9% 1,9271,5071,232
Net profit? +31.0%+2.7% 1,2651,232966
EPS (₹) +26.1%+2.9% 1.401.361.11
Gross NPA % -116 bps-31 bps 2.7%3.0%3.9%
Net NPA % -15 bps-3 bps 0.5%0.5%0.6%

Against its own trend ?

TrendActualGap
NII₹3,419₹3,518 +2.9% in line
Net profit₹1,298₹1,265 -2.6% in line
📊 Investor presentation (30 Sep) Detailed financials →

Brookfield India Real Estate Trust

BIRET · Construction & Infrastructure · Q3 FY26 · Standalone
M Cap
₹26,999 Cr
P/E
43.2
PEG
0.80
  • Profit +382% above its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +14.8%+228.8% 690210602
Operating profit +14.6%+148.9% 503202439
OPM % -9 bps-2337 bps 72.8%96.2%72.9%
Other income +8.4%-47.3% 37.471.034.5
Net profit +679.7%-18.2% 20124625.8
PAT margin % +2485 bps— 29.1%—4.3%
EPS (₹) +298.5%-29.6% 2.713.850.68

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹203 Cr: core business ₹178 Cr, other income ₹37.4 Cr, exceptional & other items −₹11.8 Cr.

Core profit YoY: +296.2% · reported profit +679.7%

Cash & debt

FY25 cash from operations −₹29.0 Cr: -5% of FY25 net profit of ₹606 Cr.

Borrowings ₹669 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,203₹690 -42.6% below
Net profit₹41.7₹201 +382.2% above
Detailed financials →

Gabriel India Limited

GABRIEL · Auto Components · Q3 FY26 · Consolidated
M Cap
₹26,852 Cr
P/E
90.1
PEG
—
  • Profit -24% below its own trend
  • Core business grew faster than reported profit (core profit +14%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +16.0%-0.1% 1,1791,1801,017
Operating profit +17.0%-5.2% 10711391.5
OPM % +8 bps-48 bps 9.1%9.6%9.0%
Other income to lossto loss -6.06.19.5
Net profit? -8.5%-20.3% 55.069.060.1
PAT margin % -125 bps-118 bps 4.7%5.8%5.9%
EPS (₹) -8.9%-20.8% 3.814.814.18

Quality of profit

Pre-tax profit ₹72.0 Cr: core business ₹79.0 Cr, other income −₹6.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +14.4% · reported profit -8.5%

Cash & debt

FY25 cash from operations ₹204 Cr: 83% of FY25 net profit of ₹245 Cr.

Borrowings ₹69.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,184₹1,179 -0.5% in line
Net profit₹72.4₹55.0 -24.1% below
📊 Investor presentation (21 Jul) Detailed financials →

Central Depository Services (India) Limited

CDSL · Miscellaneous · Q3 FY26 · Standalone
M Cap
₹26,459 Cr
P/E
—
PEG
—
  • Profit +11% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +18.7%-3.9% 279290235
Operating profit (pre-provision) +14.7%-6.8% 154165134
Net profit +14.3%-5.9% 120127105
EPS (₹) +14.3%-5.9% 5.746.105.02

Where profit came from

Pre-provision profit ₹154 Cr (+14.7% YoY).

Net profit +14.3% YoY.

Against its own trend ?

TrendActualGap
Total income₹266₹279 +4.8% in line
Net profit₹108₹120 +11.4% above
Detailed financials →

Cholamandalam Financial Holdings Limited

CHOLAHLDNG · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹26,439 Cr
P/E
4.4
PEG
0.18
  • Profit +17% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +17.4%+5.2% 10,0849,5898,593
Net interest income +22.7%+5.6% 3,8913,6843,171
Other income +18.8%+6.6% 2,5452,3872,142
Operating profit (pre-provision) +30.0%+9.7% 2,7722,5272,133
Provisions +37.1%+1.5% 910897664
Net profit? +26.8%+14.1% 1,3861,2141,093
EPS (₹) +28.7%+13.8% 33.3229.2825.89
Cost-to-income % -292 bps-145 bps 56.9%58.4%59.8%
Gross NPA % —— 4.6%——
Net NPA % —— 3.1%——

Where profit came from

Pre-provision profit ₹2,772 Cr (+30.0% YoY); provisions ₹910 Cr (+37.1% YoY).

Net profit +26.8% YoY.

Against its own trend ?

TrendActualGap
NII₹3,901₹3,891 -0.2% in line
Net profit₹1,183₹1,386 +17.1% above
📊 Investor presentation (14 Aug) Detailed financials →

Sansera Engineering Limited

SANSERA · Auto Components · Q3 FY26 · Consolidated
M Cap
₹26,385 Cr
P/E
75.1
PEG
—
  • Exceptional items of ₹16.2 Cr in the quarter
  • Core business grew faster than reported profit (core profit +61%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +24.7%+10.0% 908825728
Operating profit +29.0%+14.6% 164143127
OPM % +60 bps+72 bps 18.1%17.3%17.5%
Other income +57.2%-17.6% 9.611.66.1
Net profit? +24.2%-2.8% 69.471.455.9
PAT margin % -3 bps-100 bps 7.6%8.7%7.7%
EPS (₹) +20.2%-4.4% 11.0511.569.19

Quality of profit

Pre-tax profit ₹95.1 Cr: core business ₹104 Cr, other income ₹9.6 Cr, exceptional & other items −₹18.2 Cr.

Core profit YoY: +60.9% · reported profit +24.2%

Against its own trend ?

TrendActualGap
Sales₹743₹908 +22.1% above
Net profit₹64.6₹69.4 +7.4% in line
📊 Investor presentation (12 Aug) Detailed financials →

Neuland Laboratories Limited

NEULANDLAB · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹26,385 Cr
P/E
72.3
PEG
2.41
  • Profit -51% below its own trend
  • Operating margin contracted 426 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.5%-14.4% 440514398
Operating profit -11.1%-50.5% 77.015686.6
OPM % -426 bps-1275 bps 17.5%30.2%21.8%
Other income +104.8%+344.5% 8.01.83.9
Net profit? -59.6%-57.7% 41.096.9102
PAT margin % -1620 bps-951 bps 9.3%18.8%25.5%
EPS (₹) -60.1%-58.1% 31.6275.4979.18

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹54.0 Cr: core business ₹46.0 Cr, other income ₹8.0 Cr.

Core profit YoY: -32.4% · reported profit -59.6%

Cash & debt

FY25 cash from operations ₹317 Cr: 122% of FY25 net profit of ₹260 Cr.

Borrowings ₹157 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹371₹440 +18.5% above
Net profit₹84.3₹41.0 -51.4% below
📊 Investor presentation (05 Aug) Detailed financials →

Piramal Pharma Limited

PPLPHARMA · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹26,058 Cr
P/E
105.5
PEG
—
  • Profit -46% below its own trend
  • Operating margin contracted 618 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -2.9%+4.7% 2,1402,0442,204
Operating profit -42.0%+23.3% 196159338
OPM % -618 bps+138 bps 9.2%7.8%15.3%
Other income -57.3%-84.5% 12.480.029.0
Net profit? +8.5%-34.3% 129196119
PAT margin % +63 bps-358 bps 6.0%9.6%5.4%
EPS (₹) to lossloss widened -1.02-0.750.03

Quality of profit

Pre-tax profit ₹155 Cr: core business −₹106 Cr, other income ₹12.4 Cr, exceptional & other items ₹249 Cr.

Core profit YoY: to loss · reported profit +8.5%

Cash & debt

FY25 cash from operations ₹892 Cr: 129% of FY25 net profit of ₹691 Cr.

Borrowings ₹4,856 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,282₹2,140 -6.2% below
Net profit₹238₹129 -45.7% below
📊 Investor presentation (29 Jul) Detailed financials →

Go Digit General Insurance Limited

GODIGIT · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹25,831 Cr
P/E
52.5
PEG
0.35
  • Profit -34% below its own trend
  • Operating margin expanded 146 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +5.5%+3.3% 2,5702,4882,436
Operating profit +37.3%+20.0% 162135118
OPM % +146 bps+88 bps 6.3%5.4%4.8%
Other income —+0.0% 1.01.00.0
Net profit +17.6%+19.7% 140117119
PAT margin % +56 bps+74 bps 5.4%4.7%4.9%
EPS (₹) +17.8%+20.6% 1.521.261.29

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹163 Cr: core business ₹162 Cr, other income ₹1.0 Cr.

Core profit YoY: +37.3% · reported profit +17.6%

Cash & debt

FY25 cash from operations ₹1,604 Cr: 377% of FY25 net profit of ₹425 Cr.

Borrowings ₹350 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,654₹2,570 -3.2% in line
Net profit₹212₹140 -33.8% below
📊 Investor presentation (23 Jul) Detailed financials →

IIFL Finance Limited

IIFL · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹25,800 Cr
P/E
14.2
PEG
4.73
  • Profit +953% above its own trend
  • Profit growth came mainly from lower provisions (pre-provision profit +79%)
  • Gross NPA down 82 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +40.2%+3.7% 3,4333,3092,449
Net interest income +28.1%+10.0% 1,5821,4391,235
Other income +89.6%-15.3% 414488218
Operating profit (pre-provision) +79.4%+0.5% 1,0631,057592
Provisions -18.7%-20.1% 400500491
Net profit? +513.6%+20.0% 50141881.7
EPS (₹) —+23.3% 10.928.860.96
Cost-to-income % -1248 bps+160 bps 46.8%45.2%59.2%
Gross NPA % -82 bps-54 bps 1.6%2.1%2.4%
Net NPA % -26 bps-27 bps 0.8%1.0%1.0%

Where profit came from

Pre-provision profit ₹1,063 Cr (+79.4% YoY); provisions ₹400 Cr (-18.7% YoY).

Net profit +513.6% YoY.

Against its own trend ?

TrendActualGap
Net profit₹47.6₹501 +952.7% above
📊 Investor presentation (18 Aug) Detailed financials →

TD Power Systems Limited

TDPOWERSYS · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹25,798 Cr
P/E
93.9
PEG
2.61
  • Profit -15% below its own trend
  • FY25 operating cash flow was only 23% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +26.4%-2.1% 443452350
Operating profit +31.2%-3.1% 80.483.061.3
OPM % +68 bps-20 bps 18.2%18.4%17.5%
Other income +14.0%-17.0% 4.25.03.6
Net profit? +25.3%-6.1% 56.360.044.9
PAT margin % -10 bps-55 bps 12.7%13.3%12.8%
EPS (₹) +25.3%-6.2% 3.613.852.88

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹78.2 Cr: core business ₹74.1 Cr, other income ₹4.2 Cr.

Core profit YoY: +32.4% · reported profit +25.3%

Cash & debt

FY25 cash from operations ₹40.0 Cr: 23% of FY25 net profit of ₹174 Cr.

Borrowings ₹12.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹491₹443 -9.8% below
Net profit₹66.6₹56.3 -15.5% below
📊 Investor presentation (11 Aug) Detailed financials →

Acutaas Chemicals Limited

ACUTAAS · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹25,741 Cr
P/E
66.5
PEG
—
  • Profit +17% above its own trend
  • Operating margin expanded 1345 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +42.9%+28.3% 393306275
Operating profit +119.9%+58.4% 15195.368.7
OPM % +1345 bps+729 bps 38.4%31.1%25.0%
Other income +199.2%-49.2% 5.09.81.7
Net profit? +133.2%+47.5% 10671.945.4
PAT margin % +1045 bps+350 bps 27.0%23.5%16.5%
EPS (₹) +132.4%+49.5% 13.198.82adj. 5.67

EPS restated for the ₹10 to ₹5 split of Apr 2025: Dec 2024 ₹11.35 to ₹5.67.

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹145 Cr: core business ₹140 Cr, other income ₹5.0 Cr.

Core profit YoY: +127.0% · reported profit +133.2%

Against its own trend ?

TrendActualGap
Sales₹359₹393 +9.4% above
Net profit₹90.9₹106 +16.6% above
📊 Investor presentation (24 Jul) Detailed financials →

Rubicon Research Limited

RUBICON · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹25,427 Cr
P/E
88.2
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +15.4% 476412
Operating profit +14.7% 10894.3
OPM % -15 bps 22.7%22.9%
Other income +443.3% 3.80.7
Net profit? +35.2% 72.853.9
PAT margin % +224 bps 15.3%13.1%
EPS (₹) +27.8% 4.463.49

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹90.6 Cr: core business ₹86.8 Cr, other income ₹3.8 Cr.

📊 Investor presentation (14 Aug) Detailed financials →

Apollo Tyres Limited

APOLLOTYRE · Tyres & Rubber · Q3 FY26 · Consolidated
M Cap
₹25,379 Cr
P/E
18.5
PEG
0.68
  • Profit +132% above its own trend
  • Operating margin expanded 165 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.8%+13.4% 7,7436,8316,928
Operating profit +25.2%+16.2% 1,1861,021947
OPM % +165 bps+37 bps 15.3%14.9%13.7%
Other income +514.9%+66.6% 49.529.78.1
Net profit? +39.5%+82.3% 471258337
PAT margin % +121 bps+230 bps 6.1%3.8%4.9%
EPS (₹) +39.9%+82.6% 7.434.075.31

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹723 Cr: core business ₹701 Cr, other income ₹49.5 Cr, exceptional & other items −₹27.0 Cr.

Core profit YoY: +52.1% · reported profit +39.5%

Cash & debt

FY25 cash from operations ₹1,823 Cr: 163% of FY25 net profit of ₹1,121 Cr.

Borrowings ₹4,410 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7,226₹7,743 +7.2% above
Net profit₹202₹471 +132.4% above
Detailed financials →

Bandhan Bank Limited

BANDHANBNK · Private Sector Banks · Q3 FY26 · Standalone
M Cap
₹25,376 Cr
P/E
20.7
PEG
—
  • Gross NPA down 135 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income -6.9%+3.8% 6,1225,9006,575
Net interest income -5.0%+3.9% 2,6882,5892,830
Other income -36.9%+26.5% 6915461,096
Operating profit (pre-provision) -28.5%+10.3% 1,4451,3102,021
Provisions -16.1%+0.2% 1,1551,1531,376
Net profit -51.8%+83.8% 206112426
EPS (₹) -51.7%+85.5% 1.280.692.65
Cost-to-income % +872 bps-96 bps 57.2%58.2%48.5%
Gross NPA % -135 bps-169 bps 3.3%5.0%4.7%
Net NPA % -29 bps-38 bps 1.0%1.4%1.3%

Where profit came from

Pre-provision profit ₹1,445 Cr (-28.5% YoY); provisions ₹1,155 Cr (-16.1% YoY).

Net profit -51.8% YoY.

Against its own trend ?

TrendActualGap
NII₹2,659₹2,688 +1.1% in line
Net profit₹213₹206 -3.6% in line
📊 Investor presentation (21 Jul) Detailed financials →

Nexus Select Trust

NXST · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹24,969 Cr
P/E
61.8
PEG
0.15
  • Profit +19% above its own trend
  • Operating margin contracted 101 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.0%+6.4% 671631594
Operating profit +11.3%+5.2% 451428405
OPM % -101 bps-73 bps 67.2%67.9%68.2%
Other income -41.9%+18.1% 22.719.239.0
Net profit? +17.1%+5.3% 139132119
PAT margin % +74 bps-20 bps 20.8%21.0%20.0%
EPS (₹) +17.9%+5.7% 0.920.870.78

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹204 Cr: core business ₹182 Cr, other income ₹22.7 Cr.

Core profit YoY: +18.6% · reported profit +17.1%

Cash & debt

FY25 cash from operations ₹1,532 Cr: 317% of FY25 net profit of ₹483 Cr.

Borrowings ₹5,336 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹647₹671 +3.7% in line
Net profit₹117₹139 +19.0% above
Detailed financials →

Sun TV Network Limited

SUNTV · Media & Entertainment · Q3 FY26 · Consolidated
M Cap
₹24,780 Cr
P/E
16.2
PEG
—
  • Operating margin contracted 495 bps YoY
  • 30% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.1%-33.7% 8621,300828
Operating profit -5.5%-46.5% 420784444
OPM % -495 bps-1168 bps 48.7%60.3%53.6%
Other income -6.1%-2.0% 137140146
Net profit? -10.7%-8.6% 324355363
PAT margin % -622 bps+1033 bps 37.6%27.3%43.8%
EPS (₹) -10.6%-8.6% 8.239.009.21

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹436 Cr: core business ₹304 Cr, other income ₹137 Cr, exceptional & other items −₹4.6 Cr.

Core profit YoY: -7.2% · reported profit -10.7%

Cash & debt

FY25 cash from operations ₹1,663 Cr: 98% of FY25 net profit of ₹1,704 Cr.

Borrowings ₹124 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹812₹862 +6.2% above
Net profit₹320₹324 +1.4% in line
Detailed financials →

Hatsun Agro Product Limited

HATSUN · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹24,725 Cr
P/E
66.5
PEG
2.22
  • Profit +43% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +17.6%-2.6% 2,3642,4282,010
Operating profit +19.4%-21.4% 256325214
OPM % +16 bps-258 bps 10.8%13.4%10.6%
Other income +48.0%-30.5% 3.04.32.0
Net profit? +47.8%-44.7% 60.611041.0
PAT margin % +52 bps-195 bps 2.6%4.5%2.0%
EPS (₹) +47.8%-44.7% 2.724.921.84

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹78.9 Cr: core business ₹76.0 Cr, other income ₹3.0 Cr.

Core profit YoY: +40.7% · reported profit +47.8%

Cash & debt

FY25 cash from operations ₹1,450 Cr: 520% of FY25 net profit of ₹279 Cr.

Borrowings ₹2,011 Cr at Sep 2025, against ₹2,570 Cr at Mar 2025 (-22%).

Against its own trend ?

TrendActualGap
Sales₹2,202₹2,364 +7.3% above
Net profit₹42.3₹60.6 +43.2% above
Detailed financials →

Sundram Fasteners Limited

SUNDRMFAST · Auto Components · Q3 FY26 · Consolidated
M Cap
₹24,579 Cr
P/E
40.1
PEG
5.73
  • Exceptional items of ₹-13.1 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.9%+1.3% 1,5411,5211,441
Operating profit +5.3%-4.8% 240252228
OPM % -25 bps-99 bps 15.6%16.6%15.8%
Other income to lossto loss -1.021.03.0
Net profit? +0.1%-14.4% 131153131
PAT margin % -58 bps-156 bps 8.5%10.0%9.1%
EPS (₹) +0.0%-13.5% 6.217.186.21

Quality of profit

Pre-tax profit ₹174 Cr: core business ₹175 Cr, other income −₹1.0 Cr.

Core profit YoY: +6.7% · reported profit +0.1%

Cash & debt

FY25 cash from operations ₹423 Cr: 78% of FY25 net profit of ₹542 Cr.

Borrowings ₹823 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,490₹1,541 +3.4% in line
Net profit₹134₹131 -2.2% in line
Detailed financials →

Kalpataru Projects International Limited

KPIL · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹24,217 Cr
P/E
21.5
PEG
0.58
  • Profit -34% below its own trend
  • Exceptional items of ₹-29.5 Cr in the quarter
  • Core business grew faster than reported profit (core profit +37%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +16.3%+2.1% 6,6656,5295,732
Operating profit +7.1%-8.5% 513561479
OPM % -66 bps-89 bps 7.7%8.6%8.4%
Other income +17.2%+35.0% 14.811.012.7
Net profit? +4.7%-38.1% 147237140
PAT margin % -24 bps-143 bps 2.2%3.6%2.4%
EPS (₹) +7.2%-36.6% 8.9114.068.31

Quality of profit

Pre-tax profit ₹247 Cr: core business ₹262 Cr, other income ₹14.8 Cr, exceptional & other items −₹29.5 Cr.

Core profit YoY: +36.8% · reported profit +4.7%

Cash & debt

FY25 cash from operations ₹914 Cr: 161% of FY25 net profit of ₹567 Cr.

Borrowings ₹4,314 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7,188₹6,665 -7.3% below
Net profit₹222₹147 -33.9% below
📊 Investor presentation (11 Aug) Detailed financials →

Urban Company Limited

URBANCO · E-Commerce & Internet Retail · Q3 FY26 · Consolidated
M Cap
₹24,075 Cr
P/E
—
PEG
—
  • Exceptional items of ₹-7.0 Cr in the quarter
₹ CrQoQ Dec 2025Sep 2025
Sales +0.7% 383380
Operating profit loss narrowed -35.3-68.4
OPM % +876 bps -9.2%-18.0%
Other income +61.4% 36.122.4
Net profit? loss narrowed -21.3-59.3
PAT margin % +1006 bps -5.6%-15.6%
EPS (₹) loss narrowed -0.14-0.40

Quality of profit

Pre-tax profit −₹21.1 Cr: core business −₹50.2 Cr, other income ₹36.1 Cr, exceptional & other items −₹7.0 Cr.

Detailed financials →

Asahi India Glass Limited

ASAHIINDIA · Glass · Q3 FY26 · Consolidated
M Cap
₹24,068 Cr
P/E
54.8
PEG
—
  • Operating margin expanded 430 bps YoY
  • Core business grew faster than reported profit (core profit +42%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.7%+9.1% 1,2561,1511,124
Operating profit +42.5%+33.0% 250188175
OPM % +430 bps+357 bps 19.9%16.3%15.6%
Other income to lossto loss -2.011.014.4
Net profit? -5.3%+70.7% 99.058.0105
PAT margin % -142 bps+284 bps 7.9%5.0%9.3%
EPS (₹) -10.1%+75.7% 3.902.224.34

Quality of profit

Pre-tax profit ₹133 Cr: core business ₹134 Cr, other income −₹2.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +41.5% · reported profit -5.3%

Cash & debt

FY25 cash from operations ₹720 Cr: 196% of FY25 net profit of ₹367 Cr.

Borrowings ₹2,696 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,206₹1,256 +4.2% in line
Net profit₹103₹99.0 -3.6% in line
Detailed financials →

ZF Commercial Vehicle Control Systems India Limited

ZFCVINDIA · Auto Components · Q3 FY26 · Consolidated
M Cap
₹24,056 Cr
P/E
48.2
PEG
2.54
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.6%+15.8% 1,058913956
Operating profit +13.5%+48.1% 199134175
OPM % +48 bps+410 bps 18.8%14.7%18.3%
Other income +28.1%-51.1% 22.045.017.2
Net profit? +12.1%+29.3% 140108125
PAT margin % +17 bps+138 bps 13.2%11.9%13.1%
EPS (₹) +12.2%+29.5% 73.9057.0865.85

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹187 Cr: core business ₹164 Cr, other income ₹22.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +15.0% · reported profit +12.1%

Cash & debt

FY25 cash from operations ₹286 Cr: 62% of FY25 net profit of ₹460 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹997₹1,058 +6.1% above
Net profit₹154₹140 -9.2% in line
📊 Investor presentation (26 May) Detailed financials →

Garden Reach Shipbuilders & Engineers Limited

GRSE · Miscellaneous · Q3 FY26 · Standalone
M Cap
₹23,849 Cr
P/E
29.8
PEG
0.60
  • Profit +18% above its own trend
  • Operating margin expanded 317 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +152%)
  • FY25 operating cash flow was only 3% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +49.2%+13.1% 1,8961,6771,271
Operating profit +129.3%+10.3% 17215675.0
OPM % +317 bps-23 bps 9.1%9.3%5.9%
Other income -13.9%-10.1% 62.069.072.0
Net profit +74.5%+11.0% 17115498.0
PAT margin % +131 bps-16 bps 9.0%9.2%7.7%
EPS (₹) +74.0%+11.0% 14.9113.438.57

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹218 Cr: core business ₹156 Cr, other income ₹62.0 Cr.

Core profit YoY: +151.6% · reported profit +74.5%

Cash & debt

FY25 cash from operations ₹16.0 Cr: 3% of FY25 net profit of ₹527 Cr.

Borrowings ₹10.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,799₹1,896 +5.4% above
Net profit₹145₹171 +18.3% above
Detailed financials →

AWL Agri Business Limited

AWL · Edible Oils · Q3 FY26 · Consolidated
M Cap
₹23,688 Cr
P/E
20.4
PEG
0.93
  • Profit -35% below its own trend
  • Operating margin contracted 173 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.5%+5.7% 18,60317,60516,839
Operating profit -30.2%-19.6% 553688792
OPM % -173 bps-94 bps 3.0%3.9%4.7%
Other income +58.2%from loss 106-79.067.0
Net profit? -34.5%+9.8% 269245411
PAT margin % -99 bps+5 bps 1.4%1.4%2.4%
EPS (₹) -34.5%+10.1% 2.071.883.16

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹363 Cr: core business ₹257 Cr, other income ₹106 Cr.

Core profit YoY: -46.5% · reported profit -34.5%

Cash & debt

FY25 cash from operations ₹2,150 Cr: 175% of FY25 net profit of ₹1,226 Cr.

Borrowings ₹1,937 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹21,303₹18,603 -12.7% below
Net profit₹412₹269 -34.7% below
📊 Investor presentation (30 Jul) Detailed financials →

Mtar Technologies Limited

MTARTECH · Engineering & Capital Goods · Q3 FY26 · Standalone
M Cap
₹23,676 Cr
P/E
176.7
PEG
—
  • Operating margin expanded 392 bps YoY
  • Exceptional items of ₹-3.8 Cr in the quarter
  • Core business grew faster than reported profit (core profit +158%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +59.3%+105.0% 278136174
Operating profit +91.9%+276.7% 64.017.033.4
OPM % +392 bps+1051 bps 23.0%12.5%19.1%
Other income -22.4%-33.1% 2.63.83.3
Net profit +115.3%+666.2% 35.24.616.3
PAT margin % +329 bps+927 bps 12.7%3.4%9.4%
EPS (₹) +115.3%+667.1% 11.431.495.31

Quality of profit

Pre-tax profit ₹46.5 Cr: core business ₹47.7 Cr, other income ₹2.6 Cr, exceptional & other items −₹3.8 Cr.

Core profit YoY: +157.5% · reported profit +115.3%

Cash & debt

FY25 cash from operations ₹102 Cr: 189% of FY25 net profit of ₹53.9 Cr.

Borrowings ₹177 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹218₹278 +27.4% above
Net profit₹32.7₹35.2 +7.7% in line
📊 Investor presentation (30 Jul) Detailed financials →

Aether Industries Limited

AETHER · Chemicals · Q3 FY26 · Consolidated
M Cap
₹23,616 Cr
P/E
107.6
PEG
5.38
  • Operating margin expanded 542 bps YoY
  • Core business grew faster than reported profit (core profit +77%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +44.4%+15.3% 317275220
Operating profit +70.9%+25.7% 11188.064.7
OPM % +542 bps+288 bps 34.9%32.0%29.5%
Other income -99.2%-98.8% 0.18.713.6
Net profit? +48.6%+19.5% 64.554.043.4
PAT margin % +58 bps+72 bps 20.3%19.6%19.8%
EPS (₹) +48.6%+19.4% 4.864.073.27

Quality of profit

Pre-tax profit ₹87.2 Cr: core business ₹89.4 Cr, other income ₹0.1 Cr, exceptional & other items −₹2.3 Cr.

Core profit YoY: +77.2% · reported profit +48.6%

Cash & debt

FY25 cash from operations ₹100 Cr: 63% of FY25 net profit of ₹158 Cr.

Borrowings ₹200 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹312₹317 +1.7% in line
Net profit₹68.1₹64.5 -5.4% in line
📊 Investor presentation (31 Jul) Detailed financials →

TVS Holdings Limited

TVSHLTD · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹23,512 Cr
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +33.2%+5.0% 15,29114,56211,477
Net interest income +49.1%+8.6% 1,4201,308952
Other income +32.6%+4.9% 13,22112,6039,970
Operating profit (pre-provision) +40.3%+13.4% 1,4671,2941,046
Provisions —— 2.6——
Net profit? +41.4%+10.1% 969880685
EPS (₹) +27.7%+11.4% 243.75218.89190.81
Cost-to-income % -45 bps-72 bps 90.0%90.7%90.4%

Where profit came from

Pre-provision profit ₹1,467 Cr (+40.3% YoY); provisions ₹2.6 Cr.

Net profit +41.4% YoY.

Against its own trend ?

TrendActualGap
NII₹1,311₹1,420 +8.3% above
Net profit₹962₹969 +0.7% in line
Detailed financials →

Capri Global Capital Limited

CGCL · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹23,190 Cr
P/E
20.6
PEG
0.31
  • Gross NPA down 30 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +49.1%+9.0% 1,2251,124822
Net interest income +47.2%+6.4% 510480347
Other income +98.3%+19.0% 284238143
Operating profit (pre-provision) +92.2%+5.3% 363345189
Provisions +25.9%-25.9% 23.131.218.3
Net profit? +99.4%+8.2% 255236128
EPS (₹) +71.6%+8.6% 2.662.451.55
Cost-to-income % -716 bps+232 bps 54.2%51.9%61.4%
Gross NPA % -30 bps+12 bps 1.4%1.3%1.7%
Net NPA % -20 bps+16 bps 0.9%0.7%1.1%

Where profit came from

Pre-provision profit ₹363 Cr (+92.2% YoY); provisions ₹23.1 Cr (+25.9% YoY).

Net profit +99.4% YoY.

Against its own trend ?

TrendActualGap
NII₹504₹510 +1.2% in line
Net profit₹256₹255 -0.3% in line
📊 Investor presentation (01 Sep) Detailed financials →

ITI Limited

ITI · Telecom Equipment & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹23,133 Cr
P/E
87.8
PEG
5.49
  • Operating margin expanded 594 bps YoY
  • Exceptional items of ₹-4.6 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -50.3%-5.2% 5155431,035
Operating profit from lossfrom loss 25.3-1.0-10.5
OPM % +594 bps+511 bps 4.9%-0.2%-1.0%
Other income -38.9%-5.3% 12.313.020.2
Net profit? loss narrowedloss narrowed -25.3-54.0-48.9
PAT margin % -20 bps+502 bps -4.9%-9.9%-4.7%
EPS (₹) loss narrowedloss narrowed -0.26-0.56-0.51

Quality of profit

Pre-tax profit −₹25.3 Cr: core business −₹33.3 Cr, other income ₹12.3 Cr, exceptional & other items −₹4.3 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹135 Cr.

Borrowings ₹1,481 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,396₹515 -63.1% below
Detailed financials →

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