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, 19:24 IST 4316 declared
The next results season has started: 43 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

1051 matching results 1051

Page 13 of 36

Dev Accelerator Limited

DEVX · Commercial & Business Services · Q3 FY26 · Consolidated
M Cap
₹401 Cr
P/E
39.3
PEG
—
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹-1.3 Cr in the quarter
₹ CrQoQ Dec 2025Sep 2025
Sales +14.2% 59.251.8
Operating profit -9.4% 23.926.4
OPM % -1053 bps 40.4%51.0%
Other income -42.6% 1.52.6
Net profit? to loss -1.01.8
PAT margin % -509 bps -1.7%3.4%
EPS (₹) to loss -0.150.26

Quality of profit

Pre-tax profit ₹2.6 Cr: core business −₹0.2 Cr, other income ₹1.5 Cr, exceptional & other items ₹1.3 Cr.

📊 Investor presentation (13 Aug) Detailed financials →

NDL Ventures Limited

NDLVENTURE · Media & Entertainment · Q3 FY26 · Standalone
M Cap
₹400 Cr
P/E
444.8
PEG
8.90
  • Profit +271% 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
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —— 0.00.00.0
Operating profit loss narrowedloss widened -0.9-0.8-1.1
Other income +7.7%+5.0% 1.31.21.2
Net profit +228.6%-17.9% 0.20.30.1
EPS (₹) +250.0%-12.5% 0.070.080.02

Quality of profit

Pre-tax profit ₹0.3 Cr: core business −₹0.9 Cr, other income ₹1.3 Cr.

Core profit YoY: loss narrowed · reported profit +228.6%

Cash & debt

FY25 cash from operations −₹4.2 Cr: -702% of FY25 net profit of ₹0.6 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹0.1₹0.2 +271.1% above
Detailed financials →

Cybertech Systems And Software Limited

CYBERTECH · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹396 Cr
P/E
12.5
PEG
1.04
  • Profit -41% below its own trend
  • Operating margin contracted 797 bps YoY
  • 71% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -66%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.3%-1.6% 57.858.858.6
Operating profit -57.5%-24.7% 3.54.68.2
OPM % -797 bps-184 bps 6.0%7.9%14.0%
Other income +18.5%-24.5% 6.07.95.1
Net profit? -27.7%-24.5% 6.58.79.0
PAT margin % -413 bps-343 bps 11.3%14.7%15.4%
EPS (₹) -27.6%-24.5% 2.102.782.90

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹8.4 Cr: core business ₹2.4 Cr, other income ₹6.0 Cr.

Core profit YoY: -65.5% · reported profit -27.7%

Cash & debt

FY25 cash from operations ₹38.0 Cr: 109% of FY25 net profit of ₹34.9 Cr.

Borrowings ₹8.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹61.1₹57.8 -5.4% below
Net profit₹11.2₹6.5 -41.4% below
Detailed financials →

Vraj Iron and Steel Limited

VRAJ · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹394 Cr
P/E
12.1
PEG
—
  • Profit -83% below its own trend
  • Operating margin contracted 580 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • FY25 operating cash flow was only 32% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +22.1%+10.1% 146133120
Operating profit -53.8%-61.4% 5.213.411.2
OPM % -580 bps-655 bps 3.5%10.1%9.3%
Other income +24.9%-10.4% 2.32.61.8
Net profit? -86.7%-85.8% 1.17.78.2
PAT margin % -613 bps-508 bps 0.7%5.8%6.9%
EPS (₹) -87.9%-86.0% 0.332.352.72

Quality of profit

Pre-tax profit ₹1.4 Cr: core business −₹0.9 Cr, other income ₹2.3 Cr.

Core profit YoY: to loss · reported profit -86.7%

Cash & debt

FY25 cash from operations ₹14.0 Cr: 32% of FY25 net profit of ₹44.1 Cr.

Borrowings ₹2.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹166₹146 -11.7% below
Net profit₹6.3₹1.1 -82.5% below
Detailed financials →

Nahar Capital and Financial Services Limited

NAHARCAP · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹393 Cr
P/E
6.1
PEG
—
  • 87% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +0%)
  • FY25 operating cash flow was only 0% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.0%-50.0% 5.010.05.0
Operating profit +0.0%-66.7% 2.06.02.0
OPM % +0 bps-2000 bps 40.0%60.0%40.0%
Other income +225.0%+8.3% 13.012.04.0
Net profit? +116.7%-35.0% 13.020.06.0
EPS (₹) +101.3%-35.8% 7.8112.173.88

Quality of profit

Core 13%Other income & one-offs 87%

Pre-tax profit ₹15.0 Cr: core business ₹2.0 Cr, other income ₹13.0 Cr.

Core profit YoY: +0.0% · reported profit +116.7%

Cash & debt

FY25 cash from operations ₹0.0 Cr: 0% of FY25 net profit of ₹49.0 Cr.

Borrowings ₹5.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4.2₹5.0 +18.3% above
Net profit₹12.0₹13.0 +8.3% in line
Detailed financials →

Suraj Limited

SURAJLTD · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹382 Cr
P/E
45.9
PEG
—
  • Profit -61% below its own trend
  • Operating margin contracted 1222 bps YoY
  • 33% 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 -2.7%+23.3% 61.950.263.6
Operating profit -60.4%+41.0% 5.23.713.1
OPM % -1222 bps+105 bps 8.4%7.3%20.6%
Other income -13.0%-48.1% 0.61.20.7
Net profit? -80.5%+65.7% 1.40.87.1
PAT margin % -887 bps+57 bps 2.2%1.7%11.1%
EPS (₹) -80.5%+66.7% 0.750.453.84

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹2.0 Cr: core business ₹1.3 Cr, other income ₹0.6 Cr.

Core profit YoY: -85.6% · reported profit -80.5%

Cash & debt

FY25 cash from operations −₹9.0 Cr: -68% of FY25 net profit of ₹13.3 Cr.

Borrowings ₹64.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹52.7₹61.9 +17.4% above
Net profit₹3.5₹1.4 -61.0% below
Detailed financials →

Sinclairs Hotels Limited

SINCLAIR · Hotels & Resorts · Q3 FY26 · Standalone
M Cap
₹381 Cr
P/E
35.3
PEG
—
  • Profit +624% above its own trend
  • Operating margin expanded 1849 bps YoY
  • 39% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +268%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +23.4%+98.1% 17.89.014.4
Operating profit +126.4%from loss 7.2-0.33.2
OPM % +1849 bps+4391 bps 40.6%-3.3%22.1%
Other income +711.9%+848.3% 2.90.30.4
Net profit +414.5%from loss 5.8-2.01.1
PAT margin % +2464 bps+5508 bps 32.4%-22.7%7.8%
EPS (₹) +413.6%from loss 1.13-0.400.22

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹7.4 Cr: core business ₹4.5 Cr, other income ₹2.9 Cr.

Core profit YoY: +268.2% · reported profit +414.5%

Cash & debt

FY25 cash from operations ₹10.6 Cr: 76% of FY25 net profit of ₹14.0 Cr.

Borrowings ₹20.6 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹14.4₹17.8 +23.7% above
Net profit₹0.8₹5.8 +624.2% above
Detailed financials →

Manaksia Limited

MANAKSIA · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹379 Cr
P/E
6.0
PEG
—
  • Profit +48% above its own trend
  • Operating margin contracted 513 bps YoY
  • 82% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -65%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -2.1%-3.1% 184190188
Operating profit -58.7%-1.7% 6.97.016.7
OPM % -513 bps+5 bps 3.7%3.7%8.9%
Other income +98.0%+62.1% 17.010.58.6
Net profit? +11.5%+38.6% 14.510.513.0
PAT margin % +96 bps+238 bps 7.9%5.5%6.9%
EPS (₹) +13.8%+32.1% 2.221.681.95

Quality of profit

Core 18%Other income & one-offs 82%

Pre-tax profit ₹20.7 Cr: core business ₹3.7 Cr, other income ₹17.0 Cr.

Core profit YoY: -64.7% · reported profit +11.5%

Cash & debt

FY25 cash from operations −₹275 Cr: -473% of FY25 net profit of ₹58.1 Cr.

Borrowings ₹26.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹270₹184 -32.0% below
Net profit₹9.8₹14.5 +48.0% above
Detailed financials →

Gokul Refoils and Solvent Limited

GOKUL · Edible Oils · Q3 FY26 · Consolidated
M Cap
₹376 Cr
P/E
18.2
PEG
—
  • Profit +700% above its own trend
  • 94% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.8%+1.2% 1,0761,0631,007
Operating profit +50.8%+27.0% 10.68.47.0
OPM % +29 bps+20 bps 1.0%0.8%0.7%
Other income -7.6%-19.2% 6.88.47.4
Net profit? +805.7%+49.1% 5.23.50.6
PAT margin % +43 bps+16 bps 0.5%0.3%0.1%
EPS (₹) +798.3%+47.2% 0.530.360.06

Quality of profit

Core 6%Other income & one-offs 94%

Pre-tax profit ₹7.3 Cr: core business ₹0.5 Cr, other income ₹6.8 Cr.

Core profit YoY: from loss · reported profit +805.7%

Cash & debt

FY25 cash from operations ₹17.0 Cr: 115% of FY25 net profit of ₹14.8 Cr.

Borrowings ₹280 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,246₹1,076 -13.7% below
Net profit₹0.7₹5.2 +700.0% above
Detailed financials →

Kothari Products Limited

KOTHARIPRO · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹372 Cr
P/E
19.1
PEG
0.50
  • Profit -21% below its own trend
  • Operating margin contracted 573 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -26.9%-42.8% 162283221
Operating profit loss widenedloss narrowed -13.7-18.9-6.1
OPM % -573 bps-181 bps -8.5%-6.7%-2.8%
Other income +22.1%+129.4% 29.212.723.9
Net profit? -6.4%+148.4% 9.94.010.6
PAT margin % +134 bps+471 bps 6.1%1.4%4.8%
EPS (₹) -6.5%+104.9% 1.660.81adj. 1.77

EPS restated for the 1:1 bonus of Feb 2025: Dec 2024 ₹3.55 to ₹1.77.

Quality of profit

Pre-tax profit ₹13.2 Cr: core business −₹16.1 Cr, other income ₹29.2 Cr.

Core profit YoY: loss widened · reported profit -6.4%

Cash & debt

FY25 cash from operations ₹100 Cr.

Borrowings ₹264 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹220₹162 -26.3% below
Net profit₹12.6₹9.9 -21.4% below
Detailed financials →

Nandan Denim Limited

NDL · Textiles · Q3 FY26 · Standalone
M Cap
₹372 Cr
P/E
10.1
PEG
0.01
  • Profit -53% below its own trend
  • Operating margin expanded 108 bps YoY
  • 35% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -46.1%-36.3% 500785926
Operating profit -27.5%-10.2% 21.023.429.0
OPM % +108 bps+123 bps 4.2%3.0%3.1%
Other income -21.9%-20.9% 1.41.81.9
Net profit -54.8%-68.5% 3.09.46.6
PAT margin % -12 bps-61 bps 0.6%1.2%0.7%
EPS (₹) -60.0%-71.4% 0.020.070.05

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹4.1 Cr: core business ₹2.7 Cr, other income ₹1.4 Cr.

Core profit YoY: -60.9% · reported profit -54.8%

Cash & debt

FY25 cash from operations ₹95.0 Cr: 284% of FY25 net profit of ₹33.5 Cr.

Borrowings ₹249 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,511₹500 -66.9% below
Net profit₹6.3₹3.0 -52.5% below
Detailed financials →

De Nora India Limited

DENORA · Engineering & Capital Goods · Q3 FY26 · Standalone
M Cap
₹372 Cr
P/E
30.5
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 7178 bps YoY
  • 42% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +104.1%+64.1% 35.821.817.6
Operating profit from loss-38.3% 2.54.0-11.4
OPM % +7178 bps-1149 bps 6.9%18.4%-64.9%
Other income -4.7%-15.9% 1.41.71.5
Net profit from loss-33.6% 2.63.9-7.8
PAT margin % +5165 bps-1055 bps 7.2%17.7%-44.5%
EPS (₹) from loss-33.6% 4.847.29-14.71

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹3.4 Cr: core business ₹2.0 Cr, other income ₹1.4 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹3.0 Cr: 178% of FY25 net profit of ₹1.7 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹21.5₹35.8 +66.7% above
Detailed financials →

Vinyl Chemicals (India) Limited

VINYLINDIA · Trading & Distribution · Q3 FY26 · Standalone
M Cap
₹368 Cr
P/E
19.7
PEG
—
  • Profit +11% above its own trend
  • 40% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +15.8%+11.6% 169152146
Operating profit +1.4%+39.0% 3.72.73.7
OPM % -31 bps+43 bps 2.2%1.8%2.5%
Other income -17.1%+95.3% 2.51.33.0
Net profit -9.8%+56.9% 4.52.95.0
PAT margin % -76 bps+77 bps 2.7%1.9%3.4%
EPS (₹) -9.5%+56.3% 2.471.582.73

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹6.2 Cr: core business ₹3.7 Cr, other income ₹2.5 Cr.

Core profit YoY: +1.4% · reported profit -9.8%

Cash & debt

FY25 cash from operations ₹24.0 Cr: 107% of FY25 net profit of ₹22.3 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹145₹169 +16.8% above
Net profit₹4.1₹4.5 +10.9% above
Detailed financials →

Veranda Learning Solutions Limited

VERANDA · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹366 Cr
P/E
6.0
PEG
0.18
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 6581 bps YoY
  • 50% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +18.2%+282.9% 11730.699.0
Operating profit from lossfrom loss 38.0-2.4-33.0
OPM % +6581 bps+4030 bps 32.5%-7.8%-33.3%
Other income from loss-88.9% 10.090.0-1.0
Net profit? from lossfrom loss 13.0-2.3-203
PAT margin % —+1851 bps 11.1%-7.4%—
EPS (₹) from loss-89.2% 1.0810.01-27.15

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹20.0 Cr: core business ₹10.0 Cr, other income ₹10.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹32.0 Cr.

Borrowings ₹660 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹95.2₹117 +22.9% above
📊 Investor presentation (13 Aug) Detailed financials →

Om Freight Forwarders Limited

OMFREIGHT · Logistics · Q3 FY26 · Consolidated
M Cap
₹364 Cr
P/E
18.8
PEG
—
  • 32% of pre-tax profit came from other income and one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales +26.1% 11994.4
Operating profit +35.2% 7.55.5
OPM % +42 bps 6.3%5.8%
Other income -1.7% 1.81.8
Net profit? +42.9% 4.63.2
PAT margin % +46 bps 3.9%3.4%
EPS (₹) +35.3% 1.381.02

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹6.2 Cr: core business ₹4.2 Cr, other income ₹1.8 Cr.

Detailed financials →

Foods & Inns Limited

FOODSIN · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹361 Cr
P/E
15.3
PEG
—
  • Profit -100% below its own trend
  • Operating margin expanded 151 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • FY25 operating cash flow was only 36% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -20.8%-22.1% 150193189
Operating profit -8.6%-3.6% 17.017.618.6
OPM % +151 bps+217 bps 11.3%9.2%9.8%
Other income -39.7%-22.3% 2.02.63.3
Net profit? -100.0%-100.0% 0.00.70.8
PAT margin % -42 bps-35 bps 0.0%0.3%0.4%
EPS (₹) -40.0%-25.0% 0.060.080.10

Quality of profit

Pre-tax profit ₹1.0 Cr: core business −₹1.0 Cr, other income ₹2.0 Cr.

Core profit YoY: loss narrowed · reported profit -100.0%

Cash & debt

FY25 cash from operations ₹15.0 Cr: 36% of FY25 net profit of ₹41.7 Cr.

Borrowings ₹440 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹217₹150 -30.8% below
Net profit₹0.5₹0.0 -100.0% below
📊 Investor presentation (13 Aug) Detailed financials →

Indogulf Cropsciences Limited

IGCL · Pesticides & Agrochemicals · Q3 FY26 · Consolidated
M Cap
₹360 Cr
P/E
1.6
PEG
—
  • 37% of pre-tax profit came from other income and one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales -95.3% 1162,483
Operating profit -96.3% 11.7320
OPM % -281 bps 10.1%12.9%
Other income -87.0% 2.519.6
Net profit? -98.1% 3.9207
PAT margin % -500 bps 3.3%8.3%
EPS (₹) -55.5% 0.771.73

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹7.4 Cr: core business ₹4.7 Cr, other income ₹2.5 Cr.

📊 Investor presentation (18 Aug) Detailed financials →

Kesoram Industries Limited

KESORAMIND · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹355 Cr
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin contracted 1529 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • FY25 operating cash flow was only 1% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.1%+17.4% 64.855.265.5
Operating profit loss widenedloss narrowed -16.1-18.5-6.2
OPM % -1529 bps+876 bps -24.8%-33.5%-9.5%
Other income —+744.2% 34.04.00.9
Net profit? from lossfrom loss 6.0-25.9-69.2
PAT margin % —+5618 bps 9.3%-46.9%—
EPS (₹) from lossfrom loss 0.19-0.83-2.23

Quality of profit

Pre-tax profit ₹6.0 Cr: core business −₹28.0 Cr, other income ₹34.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹37.0 Cr: 1% of FY25 net profit of ₹5,565 Cr.

Borrowings ₹199 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹32.7₹64.8 +97.9% above
Detailed financials →

Almondz Global Securities Limited

ALMONDZ · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹354 Cr
P/E
10.2
PEG
0.46
  • Profit +387% above its own trend
  • Operating margin expanded 949 bps YoY
  • 41% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +311%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +56.3%+54.0% 52.033.733.2
Operating profit +180.2%+116.9% 11.25.14.0
OPM % +949 bps+622 bps 21.5%15.2%12.0%
Other income +608.1%+240.2% 6.11.80.9
Net profit? +425.5%+230.0% 12.83.92.4
PAT margin % +1727 bps+1311 bps 24.6%11.5%7.3%
EPS (₹) +428.6%+252.4% 0.740.210.14

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹14.7 Cr: core business ₹8.6 Cr, other income ₹6.1 Cr.

Core profit YoY: +311.0% · reported profit +425.5%

Cash & debt

FY25 cash from operations −₹9.0 Cr: -52% of FY25 net profit of ₹17.3 Cr.

Borrowings ₹53.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹36.0₹52.0 +44.1% above
Net profit₹2.6₹12.8 +387.0% above
📊 Investor presentation (30 Sep) Detailed financials →

Banswara Syntex Limited

BANSWRAS · Textiles · Q3 FY26 · Consolidated
M Cap
₹350 Cr
P/E
11.4
PEG
—
  • Profit +14% above its own trend
  • Operating margin expanded 119 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.3%-1.4% 340345339
Operating profit +12.3%+25.6% 37.830.133.6
OPM % +119 bps+239 bps 11.1%8.7%9.9%
Other income +30.1%+27.5% 3.62.92.8
Net profit? +38.0%+97.6% 14.07.110.1
PAT margin % +112 bps+206 bps 4.1%2.1%3.0%
EPS (₹) +38.2%+97.6% 4.092.072.96

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹18.7 Cr: core business ₹13.6 Cr, other income ₹3.6 Cr, exceptional & other items ₹1.4 Cr.

Core profit YoY: +27.2% · reported profit +38.0%

Cash & debt

FY25 cash from operations ₹77.0 Cr: 348% of FY25 net profit of ₹22.2 Cr.

Borrowings ₹454 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹360₹340 -5.7% below
Net profit₹12.3₹14.0 +13.7% above
📊 Investor presentation (01 Aug) Detailed financials →

Aarey Drugs & Pharmaceuticals Limited

AAREYDRUGS · Pharmaceuticals · Q3 FY26 · Standalone
M Cap
₹343 Cr
P/E
82.3
PEG
41.14
  • Profit +18% above its own trend
  • Operating margin contracted 321 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -27.9%+14.6% 96.484.2134
Operating profit to lossto loss -1.52.62.2
OPM % -321 bps-470 bps -1.6%3.1%1.6%
Other income +515.2%+429.1% 4.20.80.7
Net profit -20.6%-44.1% 0.61.00.7
PAT margin % +5 bps-62 bps 0.6%1.2%0.5%
EPS (₹) -23.1%-44.4% 0.200.360.26

Quality of profit

Pre-tax profit ₹0.9 Cr: core business −₹3.3 Cr, other income ₹4.2 Cr.

Core profit YoY: to loss · reported profit -20.6%

Cash & debt

FY25 cash from operations ₹10.0 Cr: 249% of FY25 net profit of ₹4.0 Cr.

Borrowings ₹35.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹107₹96.4 -10.2% below
Net profit₹0.5₹0.6 +18.2% above
Detailed financials →

D P Wires Limited

DPWIRES · Iron & Steel · Q3 FY26 · Standalone
M Cap
₹342 Cr
P/E
18.3
PEG
—
  • Profit +37% above its own trend
  • Operating margin expanded 564 bps YoY
  • 43% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -38.3%-26.7% 95.3130154
Operating profit +67.3%— 8.50.05.1
OPM % +564 bps+891 bps 8.9%0.0%3.3%
Other income -41.7%-33.0% 1.92.83.2
Net profit -31.5%+183.8% 3.41.25.0
PAT margin % +35 bps+264 bps 3.6%0.9%3.2%
EPS (₹) -31.6%+184.4% 2.190.773.20

Quality of profit

Core 57%Other income & one-offs 43%

Pre-tax profit ₹4.3 Cr: core business ₹2.5 Cr, other income ₹1.9 Cr.

Core profit YoY: -32.4% · reported profit -31.5%

Cash & debt

FY25 cash from operations ₹52.0 Cr: 234% of FY25 net profit of ₹22.2 Cr.

Borrowings ₹28.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹104₹95.3 -8.3% below
Net profit₹2.5₹3.4 +36.9% above
Detailed financials →

Cineline India Limited

CINELINE · Media & Entertainment · Q3 FY26 · Standalone
M Cap
₹342 Cr
P/E
27.6
PEG
9.21
  • Profit +185% above its own trend
  • Operating margin expanded 220 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.2%+8.5% 67.262.063.3
Operating profit +16.2%+33.8% 17.212.814.8
OPM % +220 bps+484 bps 25.5%20.7%23.3%
Other income +529.5%+7.4% 2.52.30.4
Net profit +470.5%+53.3% 6.24.01.1
PAT margin % +752 bps+270 bps 9.2%6.5%1.7%
EPS (₹) +448.5%+53.4% 1.811.180.33

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹8.9 Cr: core business ₹6.5 Cr, other income ₹2.5 Cr.

Core profit YoY: +467.2% · reported profit +470.5%

Cash & debt

FY25 cash from operations ₹48.0 Cr.

Borrowings ₹106 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹73.5₹67.2 -8.6% below
Net profit₹2.2₹6.2 +185.3% above
📊 Investor presentation (27 Jul) Detailed financials →

PPAP Automotive Limited

PPAP · Auto Components · Q3 FY26 · Consolidated
M Cap
₹341 Cr
P/E
7.3
PEG
0.23
  • Operating margin contracted 105 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -0.1%+1.4% 139137139
Operating profit -10.5%-1.5% 12.512.714.0
OPM % -105 bps-27 bps 9.0%9.3%10.1%
Other income -57.1%+80.8% 0.40.21.0
Net profit? -96.7%from loss 0.1-0.02.0
PAT margin % -139 bps+8 bps 0.0%-0.0%1.4%
EPS (₹) -95.7%from loss 0.05-0.031.15

Quality of profit

Pre-tax profit ₹0.0 Cr: core business −₹0.6 Cr, other income ₹0.4 Cr.

Core profit YoY: to loss · reported profit -96.7%

Cash & debt

FY25 cash from operations ₹52.0 Cr: 705% of FY25 net profit of ₹7.4 Cr.

Borrowings ₹175 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹141₹139 -1.8% in line
📊 Investor presentation (08 Aug) Detailed financials →

S&S Power Switchgears Limited

S&SPOWER · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹340 Cr
P/E
42.1
PEG
0.56
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 1099 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +101.1%+31.3% 79.160.239.3
Operating profit from lossfrom loss 4.7-2.8-2.0
OPM % +1099 bps+1059 bps 5.9%-4.7%-5.1%
Other income from loss+42.4% 1.20.8-1.4
Net profit? from loss+19.8% 3.52.9-5.3
PAT margin % +1787 bps-43 bps 4.4%4.9%-13.4%
EPS (₹) from loss+19.8% 2.842.37-4.28

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹4.5 Cr: core business ₹3.3 Cr, other income ₹1.2 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹12.0 Cr.

Borrowings ₹29.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹47.0₹79.1 +68.1% above
Detailed financials →

Vardhman Acrylics Limited

VARDHACRLC · Textiles · Q3 FY26 · Standalone
M Cap
₹340 Cr
P/E
8.2
PEG
—
  • Profit +200% above its own trend
  • Operating margin expanded 799 bps YoY
  • 40% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -7.3%-14.6% 76.089.082.0
Operating profit +600.0%— 7.00.01.0
OPM % +799 bps+921 bps 9.2%0.0%1.2%
Other income -40.0%-25.0% 3.04.05.0
Net profit +75.0%+250.0% 7.02.04.0
PAT margin % +433 bps+696 bps 9.2%2.2%4.9%
EPS (₹) +87.8%+196.8% 0.920.310.49

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹10.0 Cr: core business ₹6.0 Cr, other income ₹3.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: — · reported profit +75.0%

Cash & debt

FY25 cash from operations ₹26.0 Cr: 217% of FY25 net profit of ₹12.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹101₹76.0 -24.8% below
Net profit₹2.3₹7.0 +200.0% above
Detailed financials →

PAKKA LIMITED

PAKKA · Paper · Q3 FY26 · Consolidated
M Cap
₹339 Cr
P/E
24.4
PEG
12.18
  • Profit +59% above its own trend
  • 30% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 29% of profit
  • Borrowings up 45% since Mar 2025
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -8.9%+26.5% 96.676.3106
Operating profit -8.0%+707.9% 13.91.715.2
OPM % +15 bps+1218 bps 14.4%2.3%14.3%
Other income -31.0%+4.1% 3.23.14.6
Net profit? -20.4%from loss 7.1-2.18.9
PAT margin % -106 bps+1009 bps 7.3%-2.8%8.4%
EPS (₹) -27.6%from loss 1.57-0.472.17

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹10.7 Cr: core business ₹7.5 Cr, other income ₹3.2 Cr.

Core profit YoY: -16.5% · reported profit -20.4%

Cash & debt

FY25 cash from operations ₹11.0 Cr: 29% of FY25 net profit of ₹37.5 Cr.

Borrowings ₹299 Cr at Sep 2025, against ₹206 Cr at Mar 2025 (+45%).

Against its own trend ?

TrendActualGap
Sales₹102₹96.6 -5.4% below
Net profit₹4.4₹7.1 +59.1% above
📊 Investor presentation (18 Aug) Detailed financials →

DiGiSPICE Technologies Limited

DIGISPICE · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹333 Cr
P/E
17.6
PEG
0.33
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 696 bps YoY
  • 35% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-4.1 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -3.4%-12.4% 109125113
Operating profit from loss-12.9% 6.06.9-1.6
OPM % +696 bps-3 bps 5.5%5.6%-1.4%
Other income from loss+3.8% 5.95.7-14.3
Net profit? from loss-66.3% 2.47.2-19.6
PAT margin % +1951 bps-354 bps 2.2%5.7%-17.3%
EPS (₹) from loss-63.3% 0.110.30-0.84

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹5.1 Cr: core business ₹3.3 Cr, other income ₹5.9 Cr, exceptional & other items −₹4.1 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹12.0 Cr.

Borrowings ₹79.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹126₹109 -13.3% below
Detailed financials →

Nureca Limited

NURECA · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹323 Cr
P/E
74.5
PEG
2.48
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 2337 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
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +49.8%+5.0% 39.637.726.5
Operating profit from loss-0.6% 3.23.3-4.0
OPM % +2337 bps-47 bps 8.2%8.7%-15.2%
Other income +48.3%-5.6% 2.22.31.5
Net profit? from loss+2.9% 3.73.6-2.8
PAT margin % +2000 bps-20 bps 9.4%9.6%-10.6%
EPS (₹) from loss+7.7% 3.913.63-2.80

Quality of profit

Core 53%Other income & one-offs 47%

Pre-tax profit ₹4.7 Cr: core business ₹2.5 Cr, other income ₹2.2 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations −₹19.0 Cr: -2246% of FY25 net profit of ₹0.8 Cr.

Borrowings ₹5.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹38.3₹39.6 +3.4% in line
Detailed financials →

Ponni Sugars (Erode) Limited

PONNIERODE · Sugar · Q3 FY26 · Standalone
M Cap
₹319 Cr
P/E
6.4
PEG
—
  • Profit +800% above its own trend
  • Operating margin expanded 251 bps YoY
  • 40% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +200%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +30.2%+32.5% 151114116
Operating profit +125.0%-47.1% 9.017.04.0
OPM % +251 bps-895 bps 6.0%14.9%3.4%
Other income +300.0%+100.0% 4.02.01.0
Net profit +350.0%-40.0% 9.015.02.0
PAT margin % +424 bps-720 bps 6.0%13.2%1.7%
EPS (₹) +293.2%-35.0% 11.0116.932.80

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹10.0 Cr: core business ₹6.0 Cr, other income ₹4.0 Cr.

Core profit YoY: +200.0% · reported profit +350.0%

Cash & debt

FY25 cash from operations ₹10.0 Cr: 51% of FY25 net profit of ₹19.5 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹133₹151 +13.6% above
Net profit₹1.0₹9.0 +800.0% above
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