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, 19:16 IST 4316 declared
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

Latest Q3 FY26 results 4316

Page 14 of 144

Jindal Saw Limited

JINDALSAW · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹18,048 Cr
P/E
30.0
PEG
2.15
  • Profit -16% below its own trend
  • Operating margin contracted 543 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -6.2%+16.8% 4,9434,2345,271
Operating profit -34.8%+35.8% 613451939
OPM % -543 bps+174 bps 12.4%10.7%17.8%
Other income +1.5%-26.8% 22.330.421.9
Net profit? -48.3%+78.7% 248139479
PAT margin % -409 bps+174 bps 5.0%3.3%9.1%
EPS (₹) -49.1%+70.2% 4.052.387.96

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹347 Cr: core business ₹325 Cr, other income ₹22.3 Cr.

Core profit YoY: -47.2% · reported profit -48.3%

Cash & debt

FY25 cash from operations ₹2,335 Cr: 160% of FY25 net profit of ₹1,458 Cr.

Borrowings ₹4,859 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,632₹4,943 +6.7% above
Net profit₹294₹248 -15.9% below
Detailed financials →

Caplin Point Laboratories Limited

CAPLIPOINT · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹17,951 Cr
P/E
26.5
PEG
1.32
  • Operating margin expanded 207 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.2%+1.7% 543534493
Operating profit +17.1%+0.4% 190189162
OPM % +207 bps-43 bps 35.0%35.4%32.9%
Other income +8.4%+11.9% 34.030.431.4
Net profit? +18.5%+3.6% 166160140
PAT margin % +216 bps+57 bps 30.6%30.0%28.4%
EPS (₹) +17.9%+6.1% 21.5620.3218.28

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹204 Cr: core business ₹171 Cr, other income ₹34.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +17.2% · reported profit +18.5%

Cash & debt

FY25 cash from operations ₹432 Cr: 80% of FY25 net profit of ₹541 Cr.

Borrowings ₹222 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹547₹543 -0.7% in line
Net profit₹168₹166 -1.4% in line
📊 Investor presentation (12 Aug) Detailed financials →

Chalet Hotels Limited

CHALET · Hotels & Resorts · Q3 FY26 · Consolidated
M Cap
₹17,833 Cr
P/E
33.8
PEG
0.56
  • Profit -15% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +27.1%-20.9% 582735458
Operating profit +29.5%-11.3% 265299205
OPM % +86 bps+489 bps 45.6%40.7%44.7%
Other income +13.1%-16.3% 7.59.06.7
Net profit? +28.5%-20.0% 12415596.5
PAT margin % +24 bps+24 bps 21.3%21.1%21.1%
EPS (₹) +28.3%-19.9% 5.677.084.42

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹167 Cr: core business ₹161 Cr, other income ₹7.5 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +43.9% · reported profit +28.5%

Cash & debt

FY25 cash from operations ₹950 Cr: 666% of FY25 net profit of ₹143 Cr.

Borrowings ₹2,604 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹732₹582 -20.5% below
Net profit₹145₹124 -14.5% below
📊 Investor presentation (29 Jul) Detailed financials →

Aarti Industries Limited

AARTIIND · Chemicals · Q3 FY26 · Consolidated
M Cap
₹17,695 Cr
P/E
33.3
PEG
—
  • Profit +427% above its own trend
  • Operating margin expanded 133 bps YoY
  • Exceptional items of ₹16.0 Cr in the quarter
  • Core business grew faster than reported profit (core profit +277%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +26.0%+10.4% 2,3192,1001,840
Operating profit +39.4%+10.7% 322291231
OPM % +133 bps+3 bps 13.9%13.9%12.6%
Other income -60.0%— 2.00.05.0
Net profit? +189.1%+25.5% 13310646.0
PAT margin % +324 bps+69 bps 5.7%5.0%2.5%
EPS (₹) +189.0%+26.1% 3.672.911.27

Quality of profit

Pre-tax profit ₹118 Cr: core business ₹132 Cr, other income ₹2.0 Cr, exceptional & other items −₹16.0 Cr.

Core profit YoY: +277.1% · reported profit +189.1%

Cash & debt

FY25 cash from operations ₹1,242 Cr: 375% of FY25 net profit of ₹331 Cr.

Borrowings ₹3,848 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,989₹2,319 +16.6% above
Net profit₹25.3₹133 +426.5% above
📊 Investor presentation (30 Jul) Detailed financials →

Atul Limited

ATUL · Chemicals · Q3 FY26 · Consolidated
M Cap
₹17,659 Cr
P/E
21.8
PEG
2.42
  • Profit grew faster than the core business (core profit +17%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.1%+1.4% 1,5741,5521,417
Operating profit +10.3%+6.8% 247231224
OPM % -11 bps+79 bps 15.7%14.9%15.8%
Other income +110.5%-20.0% 40.050.019.0
Net profit? +39.7%-10.3% 164182117
PAT margin % +213 bps-136 bps 10.4%11.8%8.3%
EPS (₹) +47.8%-10.3% 54.6060.8836.93

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹203 Cr: core business ₹163 Cr, other income ₹40.0 Cr.

Core profit YoY: +17.3% · reported profit +39.7%

Cash & debt

FY25 cash from operations ₹603 Cr: 121% of FY25 net profit of ₹499 Cr.

Borrowings ₹202 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,640₹1,574 -4.1% in line
Net profit₹172₹164 -4.7% in line
Detailed financials →

Ratnamani Metals & Tubes Limited

RATNAMANI · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹17,635 Cr
P/E
33.0
PEG
—
  • Operating margin expanded 373 bps YoY
  • Exceptional items of ₹-18.2 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -19.0%-10.6% 1,0661,1921,316
Operating profit +0.5%-2.8% 205211204
OPM % +373 bps+153 bps 19.2%17.7%15.5%
Other income -22.2%+7.7% 14.813.719.0
Net profit? +1.5%-13.5% 135156133
PAT margin % +256 bps-42 bps 12.7%13.1%10.1%
EPS (₹) -16.3%-19.4% 15.6719.4318.73

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹177 Cr: core business ₹165 Cr, other income ₹14.8 Cr, exceptional & other items −₹2.3 Cr.

Core profit YoY: -3.2% · reported profit +1.5%

Cash & debt

FY25 cash from operations ₹536 Cr: 99% of FY25 net profit of ₹541 Cr.

Borrowings ₹157 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,443₹1,066 -26.2% below
Net profit₹150₹135 -9.8% in line
📊 Investor presentation (07 Aug) Detailed financials →

TBO Tek Limited

TBOTEK · Travel & Tourism · Q3 FY26 · Consolidated
M Cap
₹17,617 Cr
P/E
66.6
PEG
3.33
  • Exceptional items of ₹-5.3 Cr in the quarter
  • Core business grew faster than reported profit (core profit +61%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +85.8%+38.2% 784568422
Operating profit +81.5%+14.0% 10088.155.3
OPM % -30 bps-272 bps 12.8%15.5%13.1%
Other income -25.5%-18.7% 12.315.216.6
Net profit? +7.4%-20.5% 53.767.550.0
PAT margin % -499 bps-506 bps 6.8%11.9%11.8%
EPS (₹) +7.0%-20.4% 5.036.324.70

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹66.1 Cr: core business ₹59.1 Cr, other income ₹12.3 Cr, exceptional & other items −₹5.3 Cr.

Core profit YoY: +61.2% · reported profit +7.4%

Cash & debt

FY25 cash from operations ₹289 Cr: 126% of FY25 net profit of ₹230 Cr.

Borrowings ₹214 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹524₹784 +49.8% above
Net profit₹53.9₹53.7 -0.4% in line
📊 Investor presentation (05 Mar) Detailed financials →

Deepak Fertilizers and Petrochemicals Corporation Limited

DEEPAKFERT · Chemicals · Q3 FY26 · Consolidated
M Cap
₹17,470 Cr
P/E
17.7
PEG
—
  • Profit -55% below its own trend
  • Operating margin contracted 637 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +9.7%-5.8% 2,8303,0062,579
Operating profit -27.4%-23.8% 353464486
OPM % -637 bps-295 bps 12.5%15.4%18.8%
Other income +267.5%+71.0% 46.227.012.6
Net profit? -44.1%-33.9% 141214253
PAT margin % -481 bps-212 bps 5.0%7.1%9.8%
EPS (₹) -43.6%-33.6% 11.2116.8919.86

Quality of profit

Core 76%Other income & one-offs 24%

Pre-tax profit ₹195 Cr: core business ₹148 Cr, other income ₹46.2 Cr.

Core profit YoY: -48.5% · reported profit -44.1%

Cash & debt

FY25 cash from operations ₹1,880 Cr: 199% of FY25 net profit of ₹945 Cr.

Borrowings ₹4,152 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,152₹2,830 -10.2% below
Net profit₹315₹141 -55.0% below
📊 Investor presentation (30 Jul) Detailed financials →

LMW Limited

LMW · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹17,446 Cr
P/E
99.6
PEG
—
  • Profit -12% below its own trend
  • 62% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-11.5 Cr in the quarter
  • Core business grew faster than reported profit (core profit +64%)
  • FY25 operating cash flow was only 28% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.1%-7.7% 758822766
Operating profit +16.5%-5.4% 41.644.035.8
OPM % +83 bps+13 bps 5.5%5.4%4.7%
Other income -10.0%-27.7% 29.741.033.0
Net profit? -24.0%-64.2% 14.740.919.3
PAT margin % -58 bps-305 bps 1.9%5.0%2.5%
EPS (₹) -24.0%-64.2% 13.7238.3018.06

Quality of profit

Core 38%Other income & one-offs 62%

Pre-tax profit ₹29.5 Cr: core business ₹11.4 Cr, other income ₹29.7 Cr, exceptional & other items −₹11.5 Cr.

Core profit YoY: +64.2% · reported profit -24.0%

Cash & debt

FY25 cash from operations ₹29.0 Cr: 28% of FY25 net profit of ₹103 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹712₹758 +6.4% above
Net profit₹16.6₹14.7 -11.8% below
Detailed financials →

Computer Age Management Services Limited

CAMS · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹17,406 Cr
P/E
—
PEG
—
  • Profit -17% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +4.8%+3.6% 403389385
Operating profit (pre-provision) -0.8%+7.4% 165153166
Net profit? +0.4%+9.4% 125114124
EPS (₹) -0.4%+9.1% 5.07adj. 4.65adj. 5.09

EPS restated for the ₹10 to ₹2 split of Dec 2025: Sep 2025 ₹23.23 to ₹4.65; Dec 2024 ₹25.45 to ₹5.09.

Where profit came from

Pre-provision profit ₹165 Cr (-0.8% YoY).

Net profit +0.4% YoY.

Against its own trend ?

TrendActualGap
Total income₹453₹403 -11.0% below
Net profit₹150₹125 -16.8% below
📊 Investor presentation (03 Aug) Detailed financials →

Aequs Limited

AEQUS · Aerospace & Defence · Q3 FY26 · Consolidated
M Cap
₹17,360 Cr
P/E
—
PEG
—
  • Exceptional items of ₹-16.7 Cr in the quarter
₹ CrQoQ Dec 2025Sep 2025
Sales +15.7% 326282
Operating profit +0.1% 29.029.0
OPM % -139 bps 8.9%10.3%
Other income -49.7% 9.118.0
Net profit? loss widened -42.7-21.0
PAT margin % -564 bps -13.1%-7.4%
EPS (₹) loss widened -0.70-0.34

Quality of profit

Pre-tax profit −₹33.0 Cr: core business −₹26.8 Cr, other income ₹9.1 Cr, exceptional & other items −₹15.2 Cr.

📊 Investor presentation (29 Jul) Detailed financials →

Shadowfax Technologies Limited

SHADOWFAX · Logistics · Q3 FY26 · Consolidated
M Cap
₹17,143 Cr
P/E
—
PEG
—
₹ Cr Dec 2025
Sales 1,160
Operating profit 66.5
OPM % 5.7%
Other income 6.5
Net profit? 34.9
PAT margin % 3.0%
EPS (₹) 0.69

First results we hold for this company (a recent listing or a first filing), so there is no earlier quarter to compare with.

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹34.9 Cr: core business ₹28.4 Cr, other income ₹6.5 Cr.

📊 Investor presentation (31 Jul) Detailed financials →

Cohance Lifesciences Limited

COHANCE · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹16,733 Cr
P/E
287.4
PEG
—
  • Profit -54% below its own trend
  • Operating margin contracted 2081 bps YoY
  • Exceptional items of ₹4.9 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +77.3%-2.0% 545556307
Operating profit -19.0%-21.2% 95.3121118
OPM % -2081 bps-426 bps 17.5%21.8%38.3%
Other income -60.8%-60.5% 6.215.615.7
Net profit? -65.2%-56.3% 29.066.483.3
PAT margin % -2179 bps-662 bps 5.3%11.9%27.1%
EPS (₹) -70.6%-50.5% 0.961.943.26

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹40.6 Cr: core business ₹39.3 Cr, other income ₹6.2 Cr, exceptional & other items −₹4.9 Cr.

Core profit YoY: -58.2% · reported profit -65.2%

Against its own trend ?

TrendActualGap
Sales₹488₹545 +11.5% above
Net profit₹63.6₹29.0 -54.3% below
📊 Investor presentation (05 Aug) Detailed financials →

Onesource Specialty Pharma Limited

ONESOURCE · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹16,732 Cr
P/E
—
PEG
—
  • Operating margin contracted 3063 bps YoY
  • Exceptional items of ₹-7.1 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -26.0%-22.8% 290376393
Operating profit -88.1%-84.0% 17.0106143
OPM % -3063 bps-2234 bps 5.9%28.2%36.5%
Other income loss narrowedto loss -2.53.0-94.0
Net profit? loss widenedto loss -88.710.0-68.8
PAT margin % -1301 bps-3321 bps -30.6%2.7%-17.5%
EPS (₹) loss widenedto loss -7.740.92-6.02

Quality of profit

Pre-tax profit −₹93.0 Cr: core business −₹91.0 Cr, other income −₹2.5 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹68.0 Cr.

Borrowings ₹772 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹785₹290 -63.0% below
📊 Investor presentation (03 Sep) Detailed financials →

Garware Hi-Tech Films Limited

GRWRHITECH · Packaging · Q3 FY26 · Consolidated
M Cap
₹16,730 Cr
P/E
49.5
PEG
1.83
  • Operating margin contracted 209 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.6%-19.5% 459570466
Operating profit -13.4%-41.2% 70.311981.2
OPM % -209 bps-565 bps 15.3%21.0%17.4%
Other income +31.8%+18.8% 16.513.912.5
Net profit? -8.3%-38.9% 55.891.260.8
PAT margin % -88 bps-386 bps 12.2%16.0%13.0%
EPS (₹) -8.3%-38.9% 24.0139.2726.17

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹73.1 Cr: core business ₹56.6 Cr, other income ₹16.5 Cr.

Core profit YoY: -17.3% · reported profit -8.3%

Cash & debt

FY25 cash from operations ₹330 Cr: 100% of FY25 net profit of ₹331 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹483₹459 -5.0% below
Net profit₹61.7₹55.8 -9.5% in line
📊 Investor presentation (06 Aug) Detailed financials →

Triveni Turbine Limited

TRITURBINE · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹16,629 Cr
P/E
49.5
PEG
1.77
  • Profit -29% below its own trend
  • Operating margin contracted 665 bps YoY
  • FY25 operating cash flow was only 49% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +24.5%+23.3% 624506501
Operating profit -5.1%+15.7% 133115140
OPM % -665 bps-141 bps 21.3%22.7%28.0%
Other income -79.3%-77.8% 4.018.019.3
Net profit? -19.9%+1.1% 92.091.0115
PAT margin % -817 bps-324 bps 14.7%18.0%22.9%
EPS (₹) -19.7%+1.0% 2.902.873.61

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹127 Cr: core business ₹123 Cr, other income ₹4.0 Cr.

Core profit YoY: -8.1% · reported profit -19.9%

Cash & debt

FY25 cash from operations ₹187 Cr: 49% of FY25 net profit of ₹381 Cr.

Borrowings ₹39.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹544₹624 +14.8% above
Net profit₹129₹92.0 -28.8% below
📊 Investor presentation (10 Aug) Detailed financials →

Sarda Energy & Minerals Limited

SARDAEN · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹16,629 Cr
P/E
14.4
PEG
—
  • Profit -38% below its own trend
  • Operating margin contracted 359 bps YoY
  • 37% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -29%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -3.3%-16.5% 1,2761,5281,319
Operating profit -15.7%-39.2% 311512369
OPM % -359 bps-913 bps 24.4%33.5%28.0%
Other income from loss+39.1% 95.068.3-0.4
Net profit? +1.0%-42.0% 190328188
PAT margin % +63 bps-656 bps 14.9%21.5%14.3%
EPS (₹) -3.6%-41.1% 5.409.175.60

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹255 Cr: core business ₹161 Cr, other income ₹95.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -28.9% · reported profit +1.0%

Against its own trend ?

TrendActualGap
Sales₹1,859₹1,276 -31.4% below
Net profit₹306₹190 -38.0% below
📊 Investor presentation (03 Aug) Detailed financials →

Fine Organic Industries Limited

FINEORG · Chemicals · Q3 FY26 · Consolidated
M Cap
₹16,625 Cr
P/E
38.0
PEG
—
  • Operating margin contracted 291 bps YoY
  • FY25 operating cash flow was only 50% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +7.3%-7.1% 555597517
Operating profit -8.4%-30.2% 94.4135103
OPM % -291 bps-562 bps 17.0%22.6%19.9%
Other income -15.5%+0.0% 21.121.125.0
Net profit? -10.9%-31.9% 73.910983.0
PAT margin % -273 bps-485 bps 13.3%18.2%16.1%
EPS (₹) -10.6%-31.9% 24.1135.4026.97

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹101 Cr: core business ₹80.1 Cr, other income ₹21.1 Cr.

Core profit YoY: -11.0% · reported profit -10.9%

Cash & debt

FY25 cash from operations ₹204 Cr: 50% of FY25 net profit of ₹410 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹550₹555 +0.8% in line
Net profit₹75.1₹73.9 -1.5% in line
📊 Investor presentation (10 Aug) Detailed financials →

Alivus Life Sciences Limited

ALIVUS · Pharmaceuticals · Q3 FY26 · Standalone
M Cap
₹16,505 Cr
P/E
27.4
PEG
3.42
  • Profit -13% below its own trend
  • Operating margin expanded 473 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.8%+14.5% 673588642
Operating profit +21.6%+29.1% 231179190
OPM % +473 bps+388 bps 34.3%30.4%29.6%
Other income to lossto loss -12.015.010.0
Net profit +9.5%+15.4% 150130137
PAT margin % +95 bps+18 bps 22.3%22.1%21.3%
EPS (₹) +9.6%+15.6% 12.2510.6011.18

Quality of profit

Pre-tax profit ₹198 Cr: core business ₹210 Cr, other income −₹12.0 Cr.

Core profit YoY: +20.0% · reported profit +9.5%

Cash & debt

FY25 cash from operations ₹392 Cr: 81% of FY25 net profit of ₹485 Cr.

Borrowings ₹57.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹732₹673 -8.1% below
Net profit₹173₹150 -13.1% below
📊 Investor presentation (30 Jul) Detailed financials →

BEML Limited

BEML · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹16,467 Cr
P/E
92.2
PEG
—
  • Into loss: a profit a year ago
  • Profit -197% below its own trend
  • Operating margin contracted 656 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +23.7%+29.1% 1,083839876
Operating profit -94.1%-95.1% 3.673.260.4
OPM % -656 bps-839 bps 0.3%8.7%6.9%
Other income -14.4%-45.2% 3.97.04.5
Net profit? to lossto loss -22.448.024.4
PAT margin % -485 bps-779 bps -2.1%5.7%2.8%
EPS (₹) to lossto loss -2.69adj. 5.76adj. 2.93

EPS restated for the ₹10 to ₹5 split of Nov 2025: Sep 2025 ₹11.53 to ₹5.76; Dec 2024 ₹5.86 to ₹2.93.

Quality of profit

Pre-tax profit −₹25.4 Cr: core business −₹29.3 Cr, other income ₹3.9 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹183 Cr: 63% of FY25 net profit of ₹293 Cr.

Borrowings ₹229 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹865₹1,083 +25.2% above
Net profit₹23.0−₹22.4 -197.4% below
📊 Investor presentation (10 Jun) Detailed financials →

Choice International Limited

CHOICEIN · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹16,390 Cr
P/E
—
PEG
—
  • Profit -99% below its own trend
₹ CrYoY Dec 2025Dec 2024
Total income -96.3% 7.7211
Operating profit (pre-provision) -96.6% 1.543.3
Net profit? -97.8% 0.730.7
EPS (₹) -98.1% 0.031.54

Where profit came from

Pre-provision profit ₹1.5 Cr (-96.6% YoY).

Net profit -97.8% YoY.

Against its own trend ?

TrendActualGap
Total income₹249₹7.7 -96.9% below
Net profit₹46.1₹0.7 -98.5% below
📊 Investor presentation (10 Aug) Detailed financials →

Black Box Limited

BBOX · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹16,372 Cr
P/E
75.0
PEG
0.90
  • Profit -33% below its own trend
  • Exceptional items of ₹-3.4 Cr in the quarter
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.5%+4.7% 1,6601,5851,502
Operating profit +2.6%+2.8% 147143143
OPM % -69 bps-17 bps 8.9%9.0%9.5%
Other income loss widenedloss widened -21.0-13.0-8.2
Net profit? -10.8%-10.7% 50.056.056.1
PAT margin % -72 bps-52 bps 3.0%3.5%3.7%
EPS (₹) -12.3%-10.7% 2.923.273.33

Quality of profit

Pre-tax profit ₹57.0 Cr: core business ₹77.0 Cr, other income −₹21.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -4.7% · reported profit -10.8%

Cash & debt

FY25 cash from operations −₹88.0 Cr: -43% of FY25 net profit of ₹205 Cr.

Borrowings ₹942 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,515₹1,660 +9.6% above
Net profit₹74.3₹50.0 -32.7% below
📊 Investor presentation (12 Aug) Detailed financials →

Emami Limited

EMAMILTD · Personal Care & FMCG · Q3 FY26 · Consolidated
M Cap
₹16,303 Cr
P/E
21.7
PEG
2.72
  • Operating margin expanded 108 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +9.8%+44.2% 1,1527991,049
Operating profit +13.4%+115.2% 384179339
OPM % +108 bps+1100 bps 33.4%22.4%32.3%
Other income +27.1%-11.2% 19.021.414.9
Net profit? +14.5%+115.4% 319148279
PAT margin % +115 bps+916 bps 27.7%18.6%26.6%
EPS (₹) +14.6%+115.3% 7.323.406.39

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹345 Cr: core business ₹336 Cr, other income ₹19.0 Cr, exceptional & other items −₹9.9 Cr.

Core profit YoY: +15.5% · reported profit +14.5%

Cash & debt

FY25 cash from operations ₹896 Cr: 112% of FY25 net profit of ₹803 Cr.

Borrowings ₹90.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,076₹1,152 +7.0% above
Net profit₹301₹319 +6.0% in line
📊 Investor presentation (04 Aug) Detailed financials →

Poly Medicure Limited

POLYMED · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹16,218 Cr
P/E
51.8
PEG
2.16
  • Profit -35% below its own trend
  • Operating margin contracted 565 bps YoY
  • Exceptional items of ₹-6.8 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +22.6%+17.1% 520444424
Operating profit -3.1%-3.5% 111115115
OPM % -565 bps-455 bps 21.3%25.9%27.0%
Other income -3.7%-40.0% 21.035.021.8
Net profit? -16.9%-23.0% 70.892.085.2
PAT margin % -647 bps-710 bps 13.6%20.7%20.1%
EPS (₹) -17.5%-22.7% 7.009.068.48

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹97.6 Cr: core business ₹76.0 Cr, other income ₹21.0 Cr, exceptional & other items ₹0.6 Cr.

Core profit YoY: -15.3% · reported profit -16.9%

Cash & debt

FY25 cash from operations ₹240 Cr: 71% of FY25 net profit of ₹338 Cr.

Borrowings ₹180 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹472₹520 +10.2% above
Net profit₹109₹70.8 -35.3% below
📊 Investor presentation (07 Aug) Detailed financials →

Engineers India Limited

ENGINERSIN · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹16,218 Cr
P/E
20.7
PEG
0.80
  • Profit +150% above its own trend
  • Operating margin expanded 1630 bps YoY
  • Core business grew faster than reported profit (core profit +289%)
  • FY25 operating cash flow was only 19% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +58.3%+31.4% 1,210921765
Operating profit +259.8%+194.1% 35212097.9
OPM % +1630 bps+1610 bps 29.1%13.0%12.8%
Other income +55.5%+60.6% 59.236.938.1
Net profit? +219.3%+315.8% 34783.5109
PAT margin % +1446 bps+1962 bps 28.7%9.1%14.2%
EPS (₹) +218.6%+314.8% 6.181.491.94

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹401 Cr: core business ₹341 Cr, other income ₹59.2 Cr.

Core profit YoY: +289.0% · reported profit +219.3%

Cash & debt

FY25 cash from operations ₹109 Cr: 19% of FY25 net profit of ₹580 Cr.

Borrowings ₹22.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹991₹1,210 +22.1% above
Net profit₹139₹347 +150.0% above
📊 Investor presentation (14 Aug) Detailed financials →

Bayer CropScience Limited

BAYERCROP · Pesticides & Agrochemicals · Q3 FY26 · Standalone
M Cap
₹16,145 Cr
P/E
22.0
PEG
22.03
  • Profit +154% above its own trend
  • Operating margin expanded 869 bps YoY
  • FY25 operating cash flow was only 46% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.6%-28.8% 1,1061,5531,057
Operating profit +485.0%-42.9% 11720520.0
OPM % +869 bps-262 bps 10.6%13.2%1.9%
Other income -50.0%+14.3% 16.014.032.0
Net profit +182.4%-37.3% 96.015334.0
PAT margin % +546 bps-117 bps 8.7%9.9%3.2%
EPS (₹) +179.8%-37.3% 21.2933.987.61

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹113 Cr: core business ₹97.0 Cr, other income ₹16.0 Cr.

Core profit YoY: — · reported profit +182.4%

Cash & debt

FY25 cash from operations ₹262 Cr: 46% of FY25 net profit of ₹567 Cr.

Borrowings ₹105 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,205₹1,106 -8.3% below
Net profit₹37.8₹96.0 +154.0% above
Detailed financials →

Tata Chemicals Limited

TATACHEM · Chemicals · Q3 FY26 · Consolidated
M Cap
₹16,046 Cr
P/E
—
PEG
—
  • Operating margin contracted 237 bps YoY
  • Exceptional items of ₹-54.0 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.1%-8.4% 3,5503,8773,590
Operating profit -20.5%-35.8% 345537434
OPM % -237 bps-413 bps 9.7%13.9%12.1%
Other income +35.7%-72.5% 38.013828.0
Net profit? loss widenedto loss -69.0154-21.0
PAT margin % -136 bps-592 bps -1.9%4.0%-0.6%
EPS (₹) loss widenedto loss -3.653.02-2.08

Quality of profit

Pre-tax profit −₹73.0 Cr: core business −₹94.0 Cr, other income ₹38.0 Cr, exceptional & other items −₹17.0 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹1,761 Cr: 455% of FY25 net profit of ₹387 Cr.

Borrowings ₹7,072 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,502₹3,550 +1.4% in line
📊 Investor presentation (27 Jul) Detailed financials →

IndiGrid Infrastructure Trust

INDIGRID · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹16,029 Cr
P/E
40.2
PEG
—
  • Profit +193% above its own trend
  • Operating margin contracted 112 bps YoY
  • 42% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +49%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.7%+4.2% 862827772
Operating profit +10.3%+6.9% 763714692
OPM % -112 bps+218 bps 88.5%86.3%89.6%
Other income +43.8%+24.3% 46.037.032.0
Net profit? +72.4%+156.4% 10039.058.0
PAT margin % +409 bps+689 bps 11.6%4.7%7.5%
EPS (₹) +69.7%+115.4% 1.120.520.66

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹110 Cr: core business ₹64.0 Cr, other income ₹46.0 Cr.

Core profit YoY: +48.8% · reported profit +72.4%

Cash & debt

FY25 cash from operations ₹2,902 Cr: 706% of FY25 net profit of ₹411 Cr.

Borrowings ₹20,097 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹783₹862 +10.0% above
Net profit₹34.2₹100 +192.6% above
Detailed financials →

Eris Lifesciences Limited

ERIS · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹15,934 Cr
P/E
23.9
PEG
1.26
  • Exceptional items of ₹17.2 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.0%+1.9% 807792727
Operating profit +12.5%-2.3% 282288250
OPM % +47 bps-149 bps 34.9%36.4%34.4%
Other income -99.5%-99.3% 0.02.84.2
Net profit? +25.2%-19.1% 10913486.9
PAT margin % +153 bps-349 bps 13.5%17.0%11.9%
EPS (₹) +19.0%-17.0% 7.328.826.15

Quality of profit

Pre-tax profit ₹145 Cr: core business ₹162 Cr, other income ₹0.0 Cr, exceptional & other items −₹17.1 Cr.

Core profit YoY: +45.1% · reported profit +25.2%

Cash & debt

FY25 cash from operations ₹1,065 Cr: 284% of FY25 net profit of ₹375 Cr.

Borrowings ₹2,478 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹856₹807 -5.7% below
Net profit₹117₹109 -6.6% in line
📊 Investor presentation (29 Jul) Detailed financials →

Astra Microwave Products Limited

ASTRAMICRO · Telecom Equipment & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹15,893 Cr
P/E
84.1
PEG
2.10
  • Profit -18% below its own trend
  • Operating margin expanded 237 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.5%+21.3% 260215259
Operating profit +8.6%+72.5% 82.547.876.0
OPM % +237 bps+942 bps 31.7%22.3%29.3%
Other income -18.9%+41.4% 8.15.710.0
Net profit? -0.4%+95.8% 46.823.947.0
PAT margin % -16 bps+685 bps 18.0%11.1%18.1%
EPS (₹) -1.4%+95.6% 4.932.525.00

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹66.3 Cr: core business ₹58.1 Cr, other income ₹8.1 Cr.

Core profit YoY: +14.0% · reported profit -0.4%

Cash & debt

FY25 cash from operations −₹90.0 Cr: -59% of FY25 net profit of ₹153 Cr.

Borrowings ₹424 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹294₹260 -11.6% below
Net profit₹57.2₹46.8 -18.2% below
📊 Investor presentation (10 Aug) 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