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 18 Oct 2026, 13:47 IST 4316 declared
The next results season has started: 156 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 122 of 144

Filmcity Media Ltd

531486 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —— 0.00.00.0
Operating profit loss widenedloss widened -0.1-0.1-0.0
Other income —— 0.00.00.0
Net profit loss widenedloss widened -0.1-0.1-0.1
EPS (₹) —— -0.02-0.02-0.02

Quality of profit

Pre-tax profit −₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹0.0 Cr.

Borrowings nil at Mar 2025.

CG Vak Software & Exports Ltd

531489 · Q3 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -17% below its own trend
  • Operating margin expanded 481 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -5.5%+2.0% 18.618.319.7
Operating profit +18.4%+2.3% 4.54.33.8
OPM % +481 bps+6 bps 23.9%23.8%19.0%
Other income +48.5%-39.5% 0.50.80.3
Net profit? +20.9%-6.4% 3.23.52.7
PAT margin % +380 bps-156 bps 17.4%18.9%13.6%
EPS (₹) +20.9%-6.3% 6.426.855.31

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹4.5 Cr: core business ₹4.0 Cr, other income ₹0.5 Cr.

Core profit YoY: +22.2% · reported profit +20.9%

Cash & debt

FY25 cash from operations ₹13.0 Cr: 141% of FY25 net profit of ₹9.3 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹20.3₹18.6 -8.0% below
Net profit₹3.9₹3.2 -17.3% below

Omkar Overseas Ltd

531496 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —— 0.00.00.0
Operating profit —— -0.0-0.0-0.0
Other income —— 0.00.00.0
Net profit —— -0.0-0.0-0.0
EPS (₹) —— -0.06-0.06-0.06

Quality of profit

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

Cash & debt

FY25 cash from operations −₹0.2 Cr.

Borrowings ₹0.2 Cr at Mar 2025.

Esaar India Ltd

531502 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • 50% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +200.0%-80.0% 3.015.01.0
Operating profit —-71.4% 4.014.00.0
Other income —— 0.00.00.0
Net profit loss widenedto loss -9.012.0-1.0
EPS (₹) loss widenedto loss -4.215.79-0.28

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹2.0 Cr: core business ₹1.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.

Cash & debt

FY25 cash from operations −₹13.0 Cr.

Borrowings ₹54.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1.0₹3.0 +200.0% above

Maris Spinners Ltd

531503 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -2.5%-4.4% 41.243.142.3
Operating profit +54.8%-35.1% 1.01.50.6
OPM % +86 bps-110 bps 2.3%3.4%1.5%
Other income -23.5%+0.6% 1.81.82.3
Net profit loss widenedloss widened -0.8-0.5-0.8
PAT margin % -10 bps-81 bps -2.0%-1.2%-1.9%
EPS (₹) loss widenedloss widened -1.00-0.63-0.98

Quality of profit

Pre-tax profit −₹1.2 Cr: core business −₹3.0 Cr, other income ₹1.8 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹15.0 Cr.

Borrowings ₹79.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹45.6₹41.2 -9.6% below

Shukra Bullions Ltd

531506 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 667 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +153.3%+5.6% 0.40.40.1
Operating profit loss narrowed-100.0% 0.00.1-0.0
OPM % +667 bps-1944 bps 0.0%19.4%-6.7%
Other income —— 0.00.00.0
Net profit loss narrowed-100.0% 0.00.1-0.0
PAT margin % +667 bps-1944 bps 0.0%19.4%-6.7%
EPS (₹) loss narrowed-100.0% 0.000.14-0.02

Quality of profit

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

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹0.2 Cr: 400% of FY25 net profit of ₹0.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.2₹0.4 +71.4% above

Step Two Corporation Ltd

531509 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +671.4%— 0.50.00.1
Operating profit from lossfrom loss 0.4-1.5-2.1
OPM % —— 75.9%——
Other income —+0.0% 0.00.00.0
Net profit from lossfrom loss 0.3-1.1-1.5
PAT margin % —— 57.4%——
EPS (₹) from lossfrom loss 0.42-1.50-3.58

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹0.4 Cr: core business ₹0.4 Cr, other income ₹0.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations −₹0.4 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.0₹0.5 +999.0% above

Orient Tradelink Ltd

531512 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 3373 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • FY25 operating cash flow was only 22% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -15.2%+7.5% 3.23.03.7
Operating profit to lossloss narrowed -0.2-0.71.0
OPM % -3373 bps+1580 bps -7.3%-23.1%26.5%
Other income —-31.2% 0.91.40.0
Net profit -14.9%+2.6% 0.40.40.5
PAT margin % +5 bps-60 bps 12.6%13.2%12.6%
EPS (₹) -42.1%-45.0% 0.110.200.19

Quality of profit

Pre-tax profit ₹0.5 Cr: core business −₹0.4 Cr, other income ₹0.9 Cr.

Core profit YoY: to loss · reported profit -14.9%

Cash & debt

FY25 cash from operations ₹0.1 Cr: 22% of FY25 net profit of ₹0.5 Cr.

Borrowings ₹3.3 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4.5₹3.2 -30.2% below
Net profit₹0.4₹0.4 +3.6% in line

Mahan Industries Ltd

531515 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 2390 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +69.1%+6.0% 1.61.50.9
Operating profit —to loss -0.40.00.0
OPM % -2390 bps-2657 bps -23.9%2.7%0.0%
Other income —— 0.10.00.0
Net profit loss widenedto loss -0.30.0-0.0
PAT margin % -1592 bps-1831 bps -17.0%1.3%-1.1%
EPS (₹) loss widenedto loss -0.600.04-0.03

Quality of profit

Pre-tax profit −₹0.3 Cr: core business −₹0.4 Cr, other income ₹0.1 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹1.9 Cr.

Borrowings ₹3.5 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1.9₹1.6 -15.4% below

Desh Rakshak Aushdhalaya Ltd

531521 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -26% below its own trend
  • Operating margin expanded 315 bps YoY
  • Core business grew faster than reported profit (core profit +0%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -25.5%+47.4% 1.40.91.9
Operating profit -10.3%-3.7% 0.30.30.3
OPM % +315 bps-985 bps 18.6%28.4%15.4%
Other income -100.0%— 0.00.00.0
Net profit -25.0%+12.5% 0.10.10.1
PAT margin % +5 bps-199 bps 6.4%8.4%6.4%
EPS (₹) -40.7%+14.3% 0.160.140.27

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹0.1 Cr: core business ₹0.1 Cr, other income ₹0.0 Cr.

Core profit YoY: +0.0% · reported profit -25.0%

Cash & debt

FY25 cash from operations −₹0.3 Cr: -42% of FY25 net profit of ₹0.7 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2.2₹1.4 -37.8% below
Net profit₹0.1₹0.1 -26.3% below

ACE Software Exports Ltd

531525 · Q3 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 1057 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +118.6%+6.3% 14.914.06.8
Operating profit +15.1%-8.4% 1.81.91.5
OPM % -1057 bps-188 bps 11.8%13.6%22.3%
Other income -1.7%+47.5% 0.60.40.6
Net profit? -3.3%-4.9% 1.71.81.8
PAT margin % -1475 bps-138 bps 11.7%13.1%26.4%
EPS (₹) +41.2%-4.0% 0.961.000.68

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹1.7 Cr: core business ₹1.1 Cr, other income ₹0.6 Cr.

Core profit YoY: -4.2% · reported profit -3.3%

Cash & debt

FY25 cash from operations −₹9.8 Cr: -175% of FY25 net profit of ₹5.6 Cr.

Borrowings ₹5.7 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹13.6₹14.9 +9.3% above
Net profit₹1.7₹1.7 +4.4% in line

Accedere Ltd

531533 · Q3 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -130% below its own trend
  • Operating margin contracted 1233 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.0%-26.3% 0.71.00.7
Operating profit -75.0%-75.0% 0.00.10.1
OPM % -1233 bps-801 bps 4.1%12.1%16.4%
Other income -100.0%— 0.00.00.0
Net profit? to lossto loss -0.00.10.0
PAT margin % -548 bps-844 bps -1.4%7.1%4.1%
EPS (₹) to lossto loss adj. -0.02adj. 0.120.05

EPS restated for the 1:10 bonus of Mar 2026: Dec 2025 ₹-0.02 to ₹-0.02; Sep 2025 ₹0.15 to ₹0.12.

Quality of profit

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

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹0.7 Cr: 2300% of FY25 net profit of ₹0.0 Cr.

Borrowings ₹0.4 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.6₹0.7 +16.5% above
Net profit₹0.0−₹0.0 -130.3% below

Mizzen Ventures Ltd

531537 · Q3 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 12917 bps YoY
  • 59% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +700.0%+6.7% 0.50.50.1
Operating profit from loss+4.8% 0.20.2-0.1
OPM % +12917 bps-83 bps 45.8%46.7%-83.3%
Other income +44.4%-48.0% 0.10.20.1
Net profit? —to loss -0.00.30.0
PAT margin % -417 bps-8194 bps -4.2%77.8%0.0%
EPS (₹) —to loss -0.010.170.00

Quality of profit

Core 41%Other income & one-offs 59%

Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations −₹5.5 Cr: -1339% of FY25 net profit of ₹0.4 Cr.

Borrowings ₹0.1 Cr at Mar 2025.

Rishabh Digha Steel & Allied Products Ltd

531539 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —-73.3% 0.10.30.0
Operating profit loss narrowedloss widened -0.2-0.0-0.8
Other income -6.5%+26.1% 0.30.20.3
Net profit from loss-62.5% 0.10.2-0.8
PAT margin % —+2167 bps 75.0%53.3%—
EPS (₹) from loss-62.1% 0.110.29-1.37

Quality of profit

Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹0.9 Cr: -1087% of FY25 net profit of ₹0.1 Cr.

Borrowings nil at Mar 2025.

Maruti Infrastructure Ltd

531540 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 211 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -11.1%-3.1% 12.312.713.9
Operating profit -40.0%+14.9% 0.50.50.9
OPM % -211 bps+68 bps 4.4%3.7%6.5%
Other income -33.3%-66.7% 0.00.10.0
Net profit -45.8%+8.3% 0.30.20.5
PAT margin % -135 bps+22 bps 2.1%1.9%3.5%
EPS (₹) -40.0%+0.0% 0.030.030.05

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹0.3 Cr: core business ₹0.3 Cr, other income ₹0.0 Cr.

Core profit YoY: -45.9% · reported profit -45.8%

Cash & debt

FY25 cash from operations ₹3.0 Cr: 156% of FY25 net profit of ₹1.9 Cr.

Borrowings ₹18.1 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹23.0₹12.3 -46.4% below
Net profit₹0.3₹0.3 +0.1% in line

Jhaveri Credits & Capital Ltd

531550 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -693% below its own trend
  • Operating margin contracted 7559 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —-46.6% 11.922.40.4
Operating profit to lossto loss -8.51.40.0
OPM % -7559 bps-7729 bps -70.9%6.4%4.7%
Other income +25.8%+331.8% 1.90.41.5
Net profit to lossto loss -7.21.21.1
PAT margin % —-6555 bps -60.1%5.5%—
EPS (₹) to lossto loss -7.561.301.18

Quality of profit

Pre-tax profit −₹7.4 Cr: core business −₹9.3 Cr, other income ₹1.9 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹7.0 Cr: -50% of FY25 net profit of ₹14.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.9₹11.9 +999.0% above
Net profit₹1.2−₹7.2 -693.5% below

Raghunath Tobacco Company Ltd

531552 · Q3 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -69% below 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
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —— 0.00.00.0
Operating profit —loss widened -0.1-0.1-0.1
Other income -18.6%-23.9% 0.30.50.4
Net profit? -37.5%-71.7% 0.10.50.2
EPS (₹) -40.0%-72.7% 0.120.440.20

Quality of profit

Pre-tax profit ₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.

Core profit YoY: loss widened · reported profit -37.5%

Cash & debt

FY25 cash from operations −₹0.7 Cr: -76% of FY25 net profit of ₹1.0 Cr.

Borrowings ₹2.3 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹0.5₹0.1 -68.7% below

Disha Resources Ltd

531553 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —+2.2% 0.50.50.0
Operating profit loss narrowedloss narrowed -0.1-0.1-0.1
OPM % —+241 bps -10.6%-13.0%—
Other income -94.7%-80.0% 0.00.10.2
Net profit loss narrowedloss widened -0.0-0.0-0.3
PAT margin % —-421 bps -6.4%-2.2%—
EPS (₹) loss narrowedloss widened -0.04-0.01-0.38

Quality of profit

Pre-tax profit −₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹4.2 Cr.

Borrowings ₹0.5 Cr at Mar 2025.

Sanjivani Paranteral Ltd

531569 · Q3 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +35% above its own trend
  • Operating margin expanded 271 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +27.1%+42.3% 22.115.517.4
Operating profit +50.6%+70.7% 3.82.22.5
OPM % +271 bps+289 bps 17.4%14.5%14.7%
Other income -3.2%+87.5% 0.30.20.3
Net profit? +46.3%+69.5% 2.81.61.9
PAT margin % +165 bps+202 bps 12.6%10.6%11.0%
EPS (₹) +41.2%+68.7% 2.261.341.60

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹3.7 Cr: core business ₹3.4 Cr, other income ₹0.3 Cr.

Core profit YoY: +54.5% · reported profit +46.3%

Cash & debt

FY25 cash from operations ₹12.4 Cr: 153% of FY25 net profit of ₹8.1 Cr.

Borrowings ₹8.1 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹19.5₹22.1 +13.1% above
Net profit₹2.1₹2.8 +35.3% above
📊 Investor presentation (14 Aug)

Vas Infrastructure Ltd

531574 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —— 0.00.00.0
Operating profit —loss narrowed -0.1-0.1-0.1
Other income +100.0%-42.9% 0.10.20.1
Net profit from loss-77.8% 0.00.1-0.1
EPS (₹) from loss-83.3% 0.010.06-0.04

Quality of profit

Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹2.2 Cr.

Borrowings ₹120 Cr at Mar 2025.

KMF Builders & Developers Ltd

531578 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —— 0.00.00.0
Operating profit loss narrowedloss narrowed -0.2-0.2-1.5
Other income -23.5%-38.1% 0.10.20.2
Net profit loss narrowedloss widened -0.1-0.0-1.3
EPS (₹) loss narrowedloss widened -0.07-0.03-1.09

Quality of profit

Pre-tax profit −₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹0.8 Cr.

Borrowings ₹0.3 Cr at Mar 2025.

Rap Corp Ltd

531583 · Q3 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —-100.0% 0.062.10.0
Operating profit loss narrowedto loss -0.843.0-1.2
Other income —— 0.80.00.0
Net profit? loss narrowedto loss -0.043.0-1.3
EPS (₹) loss narrowedto loss -0.0273.12-2.16

Quality of profit

Pre-tax profit −₹0.0 Cr: core business −₹0.8 Cr, other income ₹0.8 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹6.0 Cr: -10% of FY25 net profit of ₹60.5 Cr.

Borrowings ₹13.0 Cr at Mar 2025.

Devine Impex Ltd

531585 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +194% above its own trend
  • Operating margin expanded 2161 bps YoY
  • FY25 operating cash flow was only 25% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +35.3%+24.3% 0.50.40.3
Operating profit +366.7%+250.0% 0.10.00.0
OPM % +2161 bps+1962 bps 30.4%10.8%8.8%
Other income —— 0.00.00.0
Net profit +400.0%+233.3% 0.10.00.0
PAT margin % +1586 bps+1363 bps 21.7%8.1%5.9%
EPS (₹) +400.0%+233.3% 0.100.030.02

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹0.1 Cr: core business ₹0.1 Cr, other income ₹0.0 Cr.

Core profit YoY: +366.7% · reported profit +400.0%

Cash & debt

FY25 cash from operations ₹0.0 Cr: 25% of FY25 net profit of ₹0.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.3₹0.5 +62.5% above
Net profit₹0.0₹0.1 +194.1% above

Genpharmasec Ltd

531592 · Q3 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -155% below its own trend
  • Operating margin contracted 1160 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +369.7%+22.0% 39.832.68.5
Operating profit to lossloss widened -1.2-0.50.7
OPM % -1160 bps-170 bps -3.1%-1.4%8.5%
Other income +21.0%+113.0% 1.00.50.8
Net profit? to lossloss narrowed -0.8-1.20.8
PAT margin % -1105 bps+153 bps -2.1%-3.6%9.0%
EPS (₹) to lossloss narrowed -0.01-0.020.01

Quality of profit

Pre-tax profit −₹1.3 Cr: core business −₹2.3 Cr, other income ₹1.0 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹3.0 Cr: 197% of FY25 net profit of ₹1.5 Cr.

Borrowings ₹5.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹15.6₹39.8 +154.7% above
Net profit₹1.5−₹0.8 -154.6% below

Incon Engineers Ltd

531594 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -100.0%— 0.00.00.2
Operating profit loss widenedloss narrowed -0.1-0.2-0.1
Other income +0.0%+0.0% 0.00.00.0
Net profit loss widenedloss narrowed -0.1-0.1-0.1
EPS (₹) loss widenedloss narrowed -0.30-0.32-0.16

Quality of profit

Pre-tax profit −₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹0.4 Cr.

Borrowings ₹0.8 Cr at Mar 2025.

Gogia Capital Growth Ltd

531600 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales loss narrowedto loss -0.10.3-1.4
Operating profit loss narrowedloss widened -1.0-0.3-2.4
Other income -95.5%-40.0% 0.10.12.0
Net profit loss widenedloss widened -1.0-0.2-0.4
EPS (₹) loss widenedloss widened -1.57-0.38-0.57

Quality of profit

Pre-tax profit −₹1.0 Cr: core business −₹1.1 Cr, other income ₹0.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹1.0 Cr: -31% of FY25 net profit of ₹3.3 Cr.

Borrowings nil at Mar 2025.

Gorani Industries Ltd

531608 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -33% below its own trend
  • Operating margin contracted 122 bps YoY
  • FY25 operating cash flow was only 33% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -29.9%+5.2% 9.18.612.9
Operating profit -42.2%-13.3% 0.50.60.9
OPM % -122 bps-123 bps 5.7%7.0%7.0%
Other income -100.0%— 0.00.00.0
Net profit -61.0%-5.9% 0.20.20.4
PAT margin % -140 bps-21 bps 1.8%2.0%3.2%
EPS (₹) -60.5%-6.3% 0.300.320.76

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹0.2 Cr: core business ₹0.2 Cr, other income ₹0.0 Cr.

Core profit YoY: -59.3% · reported profit -61.0%

Cash & debt

FY25 cash from operations ₹0.3 Cr: 33% of FY25 net profit of ₹0.9 Cr.

Borrowings ₹11.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹11.7₹9.1 -22.4% below
Net profit₹0.2₹0.2 -33.4% below

KG Petrochem Ltd

531609 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -99% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -48.6%-36.5% 53.884.7105
Operating profit -42.6%+121.6% 3.91.86.8
OPM % +76 bps+517 bps 7.2%2.1%6.5%
Other income -59.0%-76.0% 0.83.11.8
Net profit -98.9%from loss 0.0-0.22.8
PAT margin % -260 bps+32 bps 0.1%-0.3%2.7%
EPS (₹) -98.9%from loss 0.06-0.425.32

Quality of profit

Pre-tax profit −₹0.2 Cr: core business −₹0.9 Cr, other income ₹0.8 Cr.

Core profit YoY: to loss · reported profit -98.9%

Cash & debt

FY25 cash from operations ₹27.0 Cr: 500% of FY25 net profit of ₹5.4 Cr.

Borrowings ₹121 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹134₹53.8 -59.9% below
Net profit₹3.1₹0.0 -99.0% below

Meyer Apparel Ltd

531613 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -96.2%— 0.00.00.3
Operating profit loss narrowedloss narrowed -0.1-0.2-0.3
Other income -100.0%— 0.00.00.0
Net profit loss narrowedloss narrowed -0.2-0.2-0.3
EPS (₹) loss narrowed— -0.02-0.02-0.03

Quality of profit

Pre-tax profit −₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹0.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.1₹0.0 -92.3% below

Starcom Information Technology Ltd

531616 · Q3 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -62.9%-31.2% 0.30.50.9
Operating profit loss widenedloss widened -1.8-1.1-0.6
Other income -13.3%+62.5% 0.10.10.1
Net profit loss widenedloss widened -1.9-1.2-0.7
EPS (₹) loss widenedloss widened -3.88-2.40-1.34

Quality of profit

Pre-tax profit −₹1.9 Cr: core business −₹2.1 Cr, other income ₹0.1 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹6.0 Cr.

Borrowings ₹15.7 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1.6₹0.3 -79.3% 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, the year's cash-flow statement with the March results and the half-year's (April to September) with the September results.

Management guidance. When a company files the transcript of its earnings call, we read what its management said to expect: revenue or profit growth, margins, capex and the like, for this financial year or part of it. A figure is kept only when the sentence that states it is found in the transcript, and you can read it under "What management said". Growth and margins are then set beside the actual so far: the year-to-date quarters against the same quarters a year earlier (so the first half is measured against a full-year figure). Within 1 percentage point of the range for growth, or 0.5 for margins, is "on track"; above it "ahead", below it "behind". A new figure for the same period is marked raised or cut against the one before. This is what management said, not a forecast of ours.

Working capital. Inventory, trade receivables and trade payables from the same balance sheets, each also as days of sales (the amount against the twelve months' sales to that date, times 365). Receivables or inventory that grow 25 points or more faster than sales between two balance sheets (and by at least 20%) are flagged: money tied up in customers and stock is profit not yet in cash. These lines are read from filings since the September 2026 results, so comparisons with an earlier balance sheet start with the March 2027 results for most companies.

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