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 11 of 36
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
M Cap ₹754 Cr
P/E 4.9
PEG 0.07
Turnaround: profit against a loss a year ago Operating margin expanded 765 bps YoY 50% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-23.5% +26.8%
266 210 348 Operating profit
from loss +221.0%
20.0 6.2 -0.4 OPM %
+765 bps +455 bps
7.5% 3.0% -0.1% Other income
+181.7% -83.7%
2.0 12.3 0.7 Net profit?
from loss -95.6%
4.0 91.8 -28.6 PAT margin %
+974 bps -4225 bps
1.5% 43.8% -8.2% EPS (₹)
from loss -96.2%
0.81 21.38 -3.82
Quality of profit
Pre-tax profit ₹6.0 Cr: core business ₹3.0 Cr, other income ₹2.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹15.0 Cr.
Borrowings ₹595 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹382 ₹266
-30.3% below
M Cap ₹753 Cr
P/E 13.4
PEG 0.34
Profit -43% below its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-11.6% -2.9%
611 630 692 Operating profit
-14.7% -4.0%
95.1 99.1 112 OPM %
-58 bps -18 bps
15.6% 15.7% 16.1% Other income
-17.5% -66.7%
25.9 77.7 31.4 Net profit?
-64.9% -81.8%
7.7 42.0 21.8 PAT margin %
-191 bps -542 bps
1.3% 6.7% 3.2% EPS (₹)
-64.9% -81.7%
0.61 3.34 1.74
Quality of profit
Pre-tax profit ₹11.2 Cr: core business −₹14.7 Cr, other income ₹25.9 Cr.
Core profit YoY: loss widened
· reported profit -64.9%
Cash & debt
FY25 cash from operations ₹235 Cr:
309% of FY25 net profit of ₹76.0 Cr.
Borrowings ₹2,567 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹639 ₹611
-4.4% in line Net profit ₹13.4 ₹7.7
-43.0% below
M Cap ₹751 Cr
P/E 79.1
PEG —
35% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+20.3% +58.7%
182 114 151 Operating profit
+80.1% +5.6%
2.8 2.7 1.6 OPM %
+51 bps -78 bps
1.5% 2.3% 1.0% Other income
+122.2% -47.4%
0.4 0.8 0.2 Net profit?
— +32.9%
0.9 0.7 0.1 PAT margin %
+46 bps -10 bps
0.5% 0.6% 0.0% EPS (₹)
— +32.0%
0.66 0.50 0.04
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.7 Cr, other income ₹0.4 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹7.0 Cr.
Borrowings ₹94.0 Cr at Mar 2025.
Turnaround: profit against a loss a year ago Operating margin expanded 7918 bps YoY 62% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-2.7% -1.7%
76.7 78.0 78.8 Operating profit
from loss -53.1%
20.5 43.6 -41.4 OPM %
+7918 bps -2921 bps
26.7% 55.9% -52.5% Other income
— -17.3%
32.4 39.2 2.3 Net profit?
from loss +876.3%
39.1 4.0 -20.9 PAT margin %
+7746 bps +4582 bps
50.9% 5.1% -26.5% EPS (₹)
from loss +911.6%
51.59 5.10 -27.61
Quality of profit
Pre-tax profit ₹48.7 Cr: core business ₹18.6 Cr, other income ₹32.4 Cr, exceptional & other items −₹2.3 Cr.
Core profit YoY: from loss
Against its own trend ?
Trend Actual Gap
Sales ₹76.5 ₹76.7
+0.2% in line
M Cap ₹750 Cr
P/E 38.4
PEG 12.80
Operating margin contracted 271 bps YoY 79% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -72%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+12.7% +20.8%
87.1 72.1 77.3 Operating profit
-12.4% +485.8%
8.3 1.4 9.4 OPM %
-271 bps +753 bps
9.5% 2.0% 12.2% Other income
-28.0% -5.0%
4.7 5.0 6.6 Net profit?
-49.8% +834.8%
4.3 0.5 8.6 PAT margin %
-615 bps +430 bps
4.9% 0.6% 11.1% EPS (₹)
-51.6% +822.2%
1.66 0.18 3.43
Quality of profit
Pre-tax profit ₹6.0 Cr: core business ₹1.3 Cr, other income ₹4.7 Cr.
Core profit YoY: -72.5%
· reported profit -49.8%
Cash & debt
FY25 cash from operations −₹2.0 Cr:
-4% of FY25 net profit of ₹56.8 Cr.
Borrowings ₹68.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹64.3 ₹87.1
+35.5% above Net profit ₹4.5 ₹4.3
-3.8% in line
M Cap ₹745 Cr
P/E 54.6
PEG —
Profit -38% below its own trend 29% 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
-11.8% -22.6%
331 427 375 Operating profit
-16.5% -36.7%
26.5 41.9 31.7 OPM %
-44 bps -179 bps
8.0% 9.8% 8.5% Other income
+225.6% +42.6%
2.3 1.6 0.7 Net profit?
-45.5% -59.3%
6.5 16.0 11.9 PAT margin %
-122 bps -177 bps
2.0% 3.7% 3.2% EPS (₹)
-42.9% -55.6%
0.04 0.09 0.07
Quality of profit
Pre-tax profit ₹7.9 Cr: core business ₹5.6 Cr, other income ₹2.3 Cr.
Core profit YoY: -63.8%
· reported profit -45.5%
Cash & debt
FY25 cash from operations −₹5.0 Cr:
-19% of FY25 net profit of ₹26.4 Cr.
Borrowings ₹317 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹478 ₹331
-30.9% below Net profit ₹10.5 ₹6.5
-38.0% below
M Cap ₹740 Cr
P/E 7.8
PEG 0.18
Profit +378% above its own trend Operating margin expanded 489 bps YoY 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+0.5% -0.6%
343 345 341 Operating profit
+87.4% -26.5%
36.2 49.2 19.3 OPM %
+489 bps -371 bps
10.5% 14.2% 5.7% Other income
+50.5% -0.2%
7.6 7.7 5.1 Net profit?
+344.4% -33.4%
13.2 19.9 3.0 PAT margin %
+299 bps -190 bps
3.9% 5.8% 0.9% EPS (₹)
+343.9% -33.4%
2.93 4.40 0.66
Quality of profit
Pre-tax profit ₹23.3 Cr: core business ₹15.7 Cr, other income ₹7.6 Cr.
Core profit YoY: —
· reported profit +344.4%
Cash & debt
FY25 cash from operations ₹86.0 Cr:
340% of FY25 net profit of ₹25.3 Cr.
Borrowings ₹252 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹295 ₹343
+16.4% above Net profit ₹2.8 ₹13.2
+377.9% above
Profit +999% above its own trend Operating margin expanded 597 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
+1.3% -14.3%
71.5 83.5 70.6 Operating profit
from loss -95.1%
0.5 9.2 -3.8 OPM %
+597 bps -1042 bps
0.6% 11.1% -5.3% Other income
+82.3% +104.3%
8.9 4.4 4.9 Net profit?
— -16.4%
6.6 7.9 0.1 PAT margin %
+908 bps -23 bps
9.2% 9.5% 0.2% EPS (₹)
— -16.8%
1.19 1.43 0.02
Quality of profit
Pre-tax profit ₹5.8 Cr: core business −₹3.2 Cr, other income ₹8.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹22.0 Cr:
-437% of FY25 net profit of ₹5.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹59.2 ₹71.5
+20.9% above Net profit ₹0.1 ₹6.6
+999.0% above
Turnaround: profit against a loss a year ago Operating margin expanded 374 bps YoY 71% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+4.6% +13.1%
368 325 351 Operating profit
+125.4% +118.2%
25.6 11.7 11.4 OPM %
+374 bps +336 bps
7.0% 3.6% 3.2% Other income
+15.7% +61.2%
2.0 1.3 1.8 Net profit?
from loss from loss 1.9 -8.7 -11.0 PAT margin %
+365 bps +321 bps
0.5% -2.7% -3.1% EPS (₹)
from loss from loss 0.22 -1.01 -1.27
Quality of profit
Pre-tax profit ₹2.9 Cr: core business ₹0.8 Cr, other income ₹2.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹114 Cr.
Borrowings ₹479 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹374 ₹368
-1.8% in line
M Cap ₹713 Cr
P/E 9.9
PEG 1.41
Profit -21% below its own trend Operating margin contracted 938 bps YoY 32% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+18.0% +6.1%
105 99.0 89.0 Operating profit
-18.5% -0.0%
22.0 22.0 27.0 OPM %
-938 bps -128 bps
21.0% 22.2% 30.3% Other income
+100.0% +7.4%
8.0 7.5 4.0 Net profit?
-11.1% -32.6%
16.0 23.8 18.0 PAT margin %
-499 bps -876 bps
15.2% 24.0% 20.2% EPS (₹)
-12.2% -32.1%
2.24 3.30 2.55
Quality of profit
Pre-tax profit ₹22.0 Cr: core business ₹15.0 Cr, other income ₹8.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -25.0%
· reported profit -11.1%
Cash & debt
FY25 cash from operations ₹55.0 Cr:
148% of FY25 net profit of ₹37.2 Cr.
Borrowings ₹64.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹82.3 ₹105
+27.6% above Net profit ₹20.2 ₹16.0
-21.0% below
All of pre-tax profit came from other income or one-off items
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
+22.2%
380 311 Operating profit
+442.9%
38.0 7.0 OPM %
+775 bps
10.0% 2.3% Other income
+222.2%
29.0 9.0 Net profit
from loss 28.0 -25.0 PAT margin %
+1541 bps
7.4% -8.0% EPS (₹)
from loss 2.80 -2.45
Quality of profit
Pre-tax profit ₹26.0 Cr: core business −₹3.0 Cr, other income ₹29.0 Cr.
M Cap ₹676 Cr
P/E 9.2
PEG 0.35
Turnaround: profit against a loss a year ago Operating margin expanded 459 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
+87.0% +3.7%
93.2 89.8 49.8 Operating profit
+145.9% -1.4%
17.9 18.1 7.3 OPM %
+459 bps -99 bps
19.2% 20.2% 14.6% Other income
— +97.1%
58.4 29.6 2.4 Net profit?
from loss +265.7%
47.9 13.1 -4.5 PAT margin %
+6051 bps +3686 bps
51.5% 14.6% -9.1% EPS (₹)
from loss +310.7%
2.30 0.56 -0.22
Quality of profit
Pre-tax profit ₹49.0 Cr: core business −₹9.3 Cr, other income ₹58.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹20.0 Cr.
Borrowings ₹608 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹91.4 ₹93.2
+1.9% in line
M Cap ₹674 Cr
P/E 20.4
PEG 0.43
Operating margin expanded 445 bps YoY 95% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 17% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-15.8% -9.7%
112 124 133 Operating profit
+251.8% -2.5%
6.5 6.7 1.9 OPM %
+445 bps +43 bps
5.8% 5.4% 1.4% Other income
-53.1% +280.0%
5.9 1.6 12.6 Net profit?
+74.0% +15.3%
8.1 7.0 4.6 PAT margin %
+373 bps +156 bps
7.2% 5.7% 3.5% EPS (₹)
+78.7% +29.2%
0.84 0.65 0.47
Quality of profit
Pre-tax profit ₹6.2 Cr: core business ₹0.3 Cr, other income ₹5.9 Cr.
Core profit YoY: from loss
· reported profit +74.0%
Cash & debt
FY25 cash from operations ₹6.0 Cr:
17% of FY25 net profit of ₹36.0 Cr.
Borrowings ₹71.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹73.1 ₹112
+53.0% above Net profit ₹8.3 ₹8.1
-2.6% in line
Profit +601% above its own trend Operating margin contracted 154 bps YoY 38% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +12%) FY25 operating cash flow was only 45% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+28.5% -6.3%
139 148 108 Operating profit
+13.1% -30.7%
15.7 22.6 13.8 OPM %
-154 bps -396 bps
11.3% 15.2% 12.8% Other income
from loss from loss 8.3 -0.2 -6.2 Net profit
+400.0% +15.9%
17.2 14.8 3.4 PAT margin %
+920 bps +237 bps
12.4% 10.0% 3.2% EPS (₹)
+399.8% +15.9%
29.44 25.40 5.89
Quality of profit
Pre-tax profit ₹21.8 Cr: core business ₹13.5 Cr, other income ₹8.3 Cr.
Core profit YoY: +11.8%
· reported profit +400.0%
Cash & debt
FY25 cash from operations ₹26.0 Cr:
45% of FY25 net profit of ₹57.8 Cr.
Borrowings ₹7.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹128 ₹139
+8.8% above Net profit ₹2.5 ₹17.2
+601.0% above
M Cap ₹661 Cr
P/E 102.5
PEG —
Profit +140% above its own trend 41% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +200%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+5.1% -2.8%
933 959 887 Operating profit
+7.6% +8.7%
113 104 105 OPM %
+28 bps +127 bps
12.1% 10.8% 11.8% Other income
-33.3% +0.0%
6.0 6.0 9.0 Net profit?
+20.0% +71.4%
12.0 7.0 10.0 PAT margin %
+16 bps +56 bps
1.3% 0.7% 1.1% EPS (₹)
+8.9% +19.5%
0.98 0.82 0.90
Quality of profit
Pre-tax profit ₹15.2 Cr: core business ₹9.0 Cr, other income ₹6.0 Cr.
Core profit YoY: +200.0%
· reported profit +20.0%
Cash & debt
FY25 cash from operations ₹452 Cr:
904% of FY25 net profit of ₹50.0 Cr.
Borrowings ₹313 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹965 ₹933
-3.3% in line Net profit ₹5.0 ₹12.0
+140.0% above
M Cap ₹660 Cr
P/E 20.1
PEG 5.03
Profit +20% above its own trend Operating margin contracted 286 bps YoY 25% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -10%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+9.9% -18.5%
60.9 74.7 55.4 Operating profit
-10.1% -33.0%
7.8 11.7 8.7 OPM %
-286 bps -278 bps
12.9% 15.6% 15.7% Other income
— +955.9%
2.6 0.2 0.1 Net profit
+20.9% -12.5%
7.5 8.6 6.2 PAT margin %
+113 bps +85 bps
12.4% 11.5% 11.2% EPS (₹)
+20.8% -12.6%
3.25 3.72 2.69
Quality of profit
Pre-tax profit ₹9.9 Cr: core business ₹7.4 Cr, other income ₹2.6 Cr.
Core profit YoY: -10.5%
· reported profit +20.9%
Cash & debt
FY25 cash from operations ₹27.0 Cr:
120% of FY25 net profit of ₹22.6 Cr.
Borrowings ₹3.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹58.0 ₹60.9
+4.9% in line Net profit ₹6.3 ₹7.5
+20.0% above
M Cap ₹659 Cr
P/E 3.5
PEG 0.14
Turnaround: profit against a loss a year ago Operating margin contracted 276 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
+2.1% +2.1%
286 280 280 Operating profit
-16.7% +9.4%
35.0 32.0 42.0 OPM %
-276 bps +81 bps
12.2% 11.4% 15.0% Other income
— —
80.0 3.0 5.0 Net profit?
from loss from loss 70.0 -16.0 -10.0 PAT margin %
+2805 bps +3019 bps
24.5% -5.7% -3.6% EPS (₹)
from loss from loss 2.62 -0.59 -0.49
Quality of profit
Pre-tax profit ₹51.0 Cr: core business −₹28.0 Cr, other income ₹80.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹196 Cr.
Borrowings ₹1,373 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹295 ₹286
-3.1% in line
53% of pre-tax profit came from other income and one-off items
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
+16.0%
118 102 Operating profit
from loss 7.6 -2.3 OPM %
+870 bps
6.4% -2.3% Other income
-28.6%
2.9 4.0 Net profit?
from loss 3.9 -2.6 PAT margin %
+586 bps
3.3% -2.6% EPS (₹)
from loss 0.45 -526.00
Quality of profit
Pre-tax profit ₹5.3 Cr: core business ₹2.5 Cr, other income ₹2.9 Cr.
M Cap ₹654 Cr
P/E 56.8
PEG —
Profit -55% below its own trend 86% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-11.3% -23.8%
244 320 275 Operating profit
+0.8% +7.6%
3.8 3.5 3.7 OPM %
+19 bps +45 bps
1.5% 1.1% 1.4% Other income
-47.3% +32.6%
2.8 2.1 5.3 Net profit?
-67.9% +78.0%
1.8 1.0 5.5 PAT margin %
-129 bps +42 bps
0.7% 0.3% 2.0% EPS (₹)
-75.0% +0.0%
0.01 0.01 0.04
Quality of profit
Pre-tax profit ₹5.0 Cr: core business ₹0.7 Cr, other income ₹2.8 Cr, exceptional & other items ₹1.5 Cr.
Core profit YoY: from loss
· reported profit -67.9%
Cash & debt
FY25 cash from operations ₹51.0 Cr:
224% of FY25 net profit of ₹22.7 Cr.
Borrowings ₹89.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹318 ₹244
-23.3% below Net profit ₹3.9 ₹1.8
-54.8% below
Profit +999% above its own trend All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit Borrowings down 41% since Mar 2025
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss widened -10.1 -10.0 -12.5 Other income
-8.8% -96.1%
24.9 632 27.2 Net profit?
+930.1% -97.3%
16.6 612 1.6 EPS (₹)
+922.2% -97.3%
2.76 102.01 0.27
Quality of profit
Pre-tax profit ₹14.2 Cr: core business −₹10.7 Cr, other income ₹24.9 Cr.
Core profit YoY: loss narrowed
· reported profit +930.1%
Cash & debt
FY25 cash from operations −₹171 Cr:
-696% of FY25 net profit of ₹24.6 Cr.
Borrowings ₹1,177 Cr at Sep 2025, against ₹1,981 Cr at Mar 2025 (-41% ).
Against its own trend ?
Trend Actual Gap
Net profit ₹0.8 ₹16.6
+999.0% above
M Cap ₹642 Cr
P/E 119.1
PEG 2.02
Profit -55% below its own trend Operating margin expanded 234 bps YoY 33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -72%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-40.6% -12.6%
28.4 32.5 47.8 Operating profit
-23.2% +256.1%
2.9 0.8 3.8 OPM %
+234 bps +776 bps
10.3% 2.5% 8.0% Other income
from loss +900.0%
0.3 0.0 -0.0 Net profit
-48.6% from loss 0.9 -0.9 1.8 PAT margin %
-49 bps +594 bps
3.2% -2.8% 3.7% EPS (₹)
-49.3% from loss 0.36 -0.36 0.71
Quality of profit
Pre-tax profit ₹0.9 Cr: core business ₹0.6 Cr, other income ₹0.3 Cr.
Core profit YoY: -71.7%
· reported profit -48.6%
Cash & debt
FY25 cash from operations ₹9.0 Cr:
161% of FY25 net profit of ₹5.6 Cr.
Borrowings ₹42.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹58.1 ₹28.4
-51.1% below Net profit ₹2.0 ₹0.9
-55.2% below
M Cap ₹640 Cr
P/E 13.9
PEG 0.21
Operating margin expanded 10000 bps YoY 93% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+0.0% +0.0%
1.0 1.0 1.0 Operating profit
— +0.0%
1.0 1.0 0.0 OPM %
+10000 bps +0 bps
100.0% 100.0% 0.0% Other income
+200.0% -11.8%
15.0 17.0 5.0 Net profit?
+160.0% -13.3%
13.0 15.0 5.0 EPS (₹)
+181.0% -11.3%
1.18 1.33 0.42
Quality of profit
Pre-tax profit ₹15.0 Cr: core business ₹1.0 Cr, other income ₹15.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: —
· reported profit +160.0%
Cash & debt
FY25 cash from operations ₹0.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.0 ₹1.0
+0.0% in line
M Cap ₹635 Cr
P/E 27.1
PEG —
Operating margin contracted 635 bps YoY 52% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -35%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+10.0% +1.6%
48.6 47.8 44.2 Operating profit
-31.1% -22.1%
5.2 6.7 7.5 OPM %
-635 bps -325 bps
10.7% 13.9% 17.0% Other income
+43.8% +69.7%
4.8 2.8 3.3 Net profit
-12.3% -7.5%
6.2 6.7 7.1 PAT margin %
-323 bps -126 bps
12.7% 14.0% 16.0%
Quality of profit
Pre-tax profit ₹8.3 Cr: core business ₹4.0 Cr, other income ₹4.8 Cr.
Core profit YoY: -35.2%
· reported profit -12.3%
M Cap ₹633 Cr
P/E 21.8
PEG 1.21
Profit -37% below its own trend Operating margin contracted 2228 bps YoY 32% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -45%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+20.6% +6.6%
34.9 32.7 28.9 Operating profit
-26.2% -13.9%
12.2 14.2 16.6 OPM %
-2228 bps -837 bps
35.1% 43.5% 57.4% Other income
+227.6% -20.8%
3.5 4.4 1.1 Net profit?
-24.2% -29.2%
9.0 12.7 11.8 PAT margin %
-1521 bps -1300 bps
25.7% 38.7% 40.9% EPS (₹)
-19.8% -25.1%
4.63 6.18 5.77
Quality of profit
Pre-tax profit ₹10.9 Cr: core business ₹7.5 Cr, other income ₹3.5 Cr.
Core profit YoY: -44.5%
· reported profit -24.2%
Cash & debt
FY25 cash from operations ₹35.0 Cr:
78% of FY25 net profit of ₹44.7 Cr.
Borrowings ₹44.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹36.2 ₹34.9
-3.5% in line Net profit ₹14.3 ₹9.0
-37.3% below
M Cap ₹632 Cr
P/E 39.6
PEG —
Operating margin contracted 328 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
-2.6% +4.0%
140 135 144 Operating profit
-27.2% -11.3%
13.6 15.3 18.6 OPM %
-328 bps -167 bps
9.7% 11.4% 13.0% Other income
-6.8% -1.0%
4.4 4.5 4.7 Net profit?
-53.9% -74.6%
1.1 4.2 2.3 PAT margin %
-84 bps -233 bps
0.8% 3.1% 1.6% EPS (₹)
-55.6% -76.5%
0.04 0.17 0.09
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹4.0 Cr, other income ₹4.4 Cr.
Core profit YoY: loss widened
· reported profit -53.9%
Against its own trend ?
Trend Actual Gap
Sales ₹193 ₹140
-27.3% below
M Cap ₹625 Cr
P/E 15.2
PEG 7.62
Operating margin contracted 1590 bps YoY 58% of pre-tax profit came from other income and one-off items Exceptional items of ₹2.9 Cr in the quarter Profit grew faster than the core business (core profit -45%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-10.0% +4.6%
21.1 20.1 23.4 Operating profit
-32.0% +17.6%
10.3 8.8 15.2 OPM %
-1590 bps +545 bps
49.1% 43.6% 65.0% Other income
+61.3% -39.6%
4.8 7.9 3.0 Net profit?
+23.5% +23.4%
10.9 8.8 8.8 PAT margin %
+1400 bps +787 bps
51.6% 43.7% 37.6% EPS (₹)
+22.2% +22.2%
0.44 0.36 0.36
Quality of profit
Pre-tax profit ₹13.2 Cr: core business ₹5.5 Cr, other income ₹4.8 Cr, exceptional & other items ₹2.9 Cr.
Core profit YoY: -45.4%
· reported profit +23.5%
Cash & debt
FY25 cash from operations ₹85.0 Cr:
161% of FY25 net profit of ₹52.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹19.4 ₹21.1
+8.4% above Net profit ₹11.5 ₹10.9
-5.9% in line
M Cap ₹599 Cr
P/E 36.0
PEG 0.57
Operating margin expanded 121 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+2.2% -9.3%
233 257 228 Operating profit
+37.5% +0.0%
11.0 11.0 8.0 OPM %
+121 bps +44 bps
4.7% 4.3% 3.5% Other income
+0.0% -50.0%
1.0 2.0 1.0 Net profit?
+33.3% -50.0%
4.0 8.0 3.0 PAT margin %
+40 bps -140 bps
1.7% 3.1% 1.3% EPS (₹)
+43.6% -43.0%
2.37 4.16 1.65
Quality of profit
Pre-tax profit ₹8.0 Cr: core business ₹6.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +20.0%
· reported profit +33.3%
Cash & debt
FY25 cash from operations −₹22.0 Cr.
Borrowings ₹79.0 Cr at Mar 2025.
M Cap ₹594 Cr
P/E 44.4
PEG —
Profit +38% above its own trend Operating margin expanded 101 bps YoY 42% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-16.6% -20.5%
152 191 182 Operating profit
+15.1% -30.3%
5.5 8.0 4.8 OPM %
+101 bps -51 bps
3.7% 4.2% 2.6% Other income
+9.5% -51.9%
1.6 3.4 1.5 Net profit
-7.2% -51.0%
2.8 5.8 3.0 PAT margin %
+19 bps -116 bps
1.9% 3.0% 1.7% EPS (₹)
-7.1% -51.4%
0.52 1.07 0.56
Quality of profit
Pre-tax profit ₹3.8 Cr: core business ₹2.2 Cr, other income ₹1.6 Cr.
Core profit YoY: -15.1%
· reported profit -7.2%
Cash & debt
FY25 cash from operations ₹0.0 Cr:
0% of FY25 net profit of ₹15.5 Cr.
Borrowings ₹90.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹179 ₹152
-15.1% below Net profit ₹2.1 ₹2.8
+37.8% above
M Cap ₹588 Cr
P/E 45.9
PEG —
Profit -29% below its own trend Operating margin contracted 1304 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
-2.3% -21.5%
155 198 159 Operating profit
to loss to loss -6.3 6.8 14.3 OPM %
-1304 bps -749 bps
-4.1% 3.4% 9.0% Other income
+339.7% +87.7%
22.4 11.9 5.1 Net profit?
-30.1% -51.1%
1.9 3.8 2.6 PAT margin %
-47 bps -72 bps
1.2% 1.9% 1.7% EPS (₹)
+0.0% -50.0%
0.02 0.04 0.02
Quality of profit
Pre-tax profit ₹3.2 Cr: core business −₹19.2 Cr, other income ₹22.4 Cr.
Core profit YoY: loss widened
· reported profit -30.1%
Cash & debt
FY25 cash from operations ₹79.0 Cr:
1124% of FY25 net profit of ₹7.0 Cr.
Borrowings ₹156 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹163 ₹155
-4.7% in line Net profit ₹2.6 ₹1.9
-29.0% below
Turnaround: profit against a loss a year ago Operating margin expanded 692 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
-71.9% -64.0%
46.1 128 164 Operating profit
-40.0% -25.0%
6.0 8.0 10.0 OPM %
+692 bps +677 bps
13.0% 6.2% 6.1% Other income
from loss +0.0%
10.0 10.0 -3.0 Net profit?
from loss -54.8%
2.7 6.0 -5.0 PAT margin %
+894 bps +121 bps
5.9% 4.7% -3.0% EPS (₹)
from loss -40.4%
0.34 0.57 -0.48
Quality of profit
Pre-tax profit ₹6.4 Cr: core business −₹5.0 Cr, other income ₹10.0 Cr, exceptional & other items ₹1.4 Cr.
Cash & debt
FY25 cash from operations −₹24.0 Cr.
Borrowings ₹44.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹187 ₹46.1
-75.4% 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
