Home › Quarterly results › Q3 FY26
Q3 FY26 quarterly results (October-December 2025)
4,316 companies have declared Q3 FY26 results so far, the latest on 15 Sep 2026.
Across the 3,727 non-financial companies with a year-ago quarter to compare, sales grew +15.1% and net profit +14.8% year on year, and the combined operating margin narrowed 25 bps to 14.1%.
For the 146 banks and lenders, net interest income grew +8.0% and net profit +10.5%.
56% of companies grew net profit; 416 turned a loss into a profit; 37% beat their own profit trend and 48% fell short of it.
4316 declared
Latest results
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The next results season has started: 44 companies have filed results for the quarter ended 30 Sep 2026.
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Sales growth
+15.1%
YoY, 3727 companies combined; median +8.3%
Net profit growth
+14.8%
YoY combined; median +8.9%
Operating margin
14.1%
-25 bps YoY
Grew profit
56%
416 turnarounds, 346 into loss
Vs own profit trend
37% / 48%
above / below, 15% in line
Banks: NII growth
+8.0%
146 lenders; profit +10.5%
Price since results
-9.5%
median; 0% of 1 stocks up
Other-income heavy
1051
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
1051 matching results 1051
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M Cap ₹170 Cr
P/E 21.8
PEG —
Profit +402% above its own trend Operating margin expanded 296 bps YoY 88% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+3.2% -11.0%
169 190 164 Operating profit
+117.9% -22.6%
9.5 12.3 4.4 OPM %
+296 bps -84 bps
5.6% 6.5% 2.7% Other income
-59.9% -22.4%
2.3 3.0 5.8 Net profit?
+151.1% -69.9%
1.3 4.3 0.5 PAT margin %
+45 bps -148 bps
0.8% 2.2% 0.3% EPS (₹)
+130.4% -71.5%
1.06 3.72 0.46
Quality of profit
Pre-tax profit ₹2.6 Cr: core business ₹0.3 Cr, other income ₹2.3 Cr.
Core profit YoY: from loss
· reported profit +151.1%
Cash & debt
FY25 cash from operations ₹17.0 Cr:
188% of FY25 net profit of ₹9.1 Cr.
Borrowings ₹211 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹180 ₹169
-6.1% below Net profit ₹0.3 ₹1.3
+402.2% above
M Cap ₹167 Cr
P/E 7.3
PEG 0.20
57% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -44%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-4.3% -10.7%
204 228 213 Operating profit
-0.7% -10.8%
20.1 22.5 20.2 OPM %
+36 bps -1 bps
9.9% 9.9% 9.5% Other income
— +56.0%
2.1 1.3 0.2 Net profit?
+114.2% -59.3%
2.3 5.5 1.1 PAT margin %
+61 bps -132 bps
1.1% 2.4% 0.5% EPS (₹)
+75.0% -59.4%
0.28 0.69 0.16
Quality of profit
Pre-tax profit ₹3.6 Cr: core business ₹1.6 Cr, other income ₹2.1 Cr.
Core profit YoY: -44.4%
· reported profit +114.2%
Cash & debt
FY25 cash from operations ₹23.0 Cr:
320% of FY25 net profit of ₹7.2 Cr.
Borrowings ₹467 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹181 ₹204
+12.6% above
Turnaround: profit against a loss a year ago Operating margin expanded 955 bps YoY 49% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+0.5% -6.4%
72.7 77.7 72.3 Operating profit
from loss +139.2%
6.4 2.7 -0.5 OPM %
+955 bps +537 bps
8.8% 3.5% -0.7% Other income
+83.7% +60.9%
3.8 2.4 2.1 Net profit?
from loss +125.0%
5.9 2.6 -0.1 PAT margin %
+832 bps +474 bps
8.1% 3.4% -0.2% EPS (₹)
from loss +125.6%
1.70 0.75 -0.04
Quality of profit
Pre-tax profit ₹7.8 Cr: core business ₹4.0 Cr, other income ₹3.8 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹8.0 Cr.
Borrowings ₹21.0 Cr at Mar 2025.
M Cap ₹166 Cr
P/E 17.6
PEG 0.98
Operating margin contracted 278 bps YoY 86% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -63%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+1.9% -98.9%
51.1 4,657 50.1 Operating profit
-15.9% -99.2%
6.7 800 8.0 OPM %
-278 bps -405 bps
13.1% 17.2% 15.9% Other income
— -96.9%
4.0 132 0.1 Net profit
+110.9% -98.8%
3.9 317 1.9 PAT margin %
+395 bps +83 bps
7.6% 6.8% 3.7% EPS (₹)
+106.5% +23.1%
0.64 0.52 0.31
Quality of profit
Pre-tax profit ₹4.7 Cr: core business ₹0.6 Cr, other income ₹4.0 Cr.
Core profit YoY: -63.1%
· reported profit +110.9%
Cash & debt
FY25 cash from operations ₹29.0 Cr:
292% of FY25 net profit of ₹9.9 Cr.
Borrowings ₹108 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹58.8 ₹51.1
-13.1% below Net profit ₹3.7 ₹3.9
+5.5% in line
M Cap ₹165 Cr
P/E 7.0
PEG 0.16
Profit +83% above its own trend Operating margin expanded 256 bps YoY 39% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+16.8% -18.6%
140 172 120 Operating profit
+168.8% -34.3%
6.3 9.6 2.4 OPM %
+256 bps -108 bps
4.5% 5.6% 2.0% Other income
+124.0% +35.5%
3.1 2.3 1.4 Net profit?
+161.3% -35.7%
5.7 8.8 2.2 PAT margin %
+224 bps -108 bps
4.1% 5.1% 1.8% EPS (₹)
+90.0% -35.8%
0.95 1.48 0.50
Quality of profit
Pre-tax profit ₹7.9 Cr: core business ₹4.8 Cr, other income ₹3.1 Cr.
Core profit YoY: +167.1%
· reported profit +161.3%
Cash & debt
FY25 cash from operations −₹73.0 Cr:
-475% of FY25 net profit of ₹15.4 Cr.
Borrowings ₹2.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹143 ₹140
-2.2% in line Net profit ₹3.1 ₹5.7
+82.7% above
M Cap ₹157 Cr
P/E 79.5
PEG —
Profit -72% below its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+24.8% +6.6%
258 242 207 Operating profit
from loss -93.2%
0.1 2.2 -0.6 OPM %
+36 bps -85 bps
0.1% 0.9% -0.3% Other income
-40.0% -34.8%
2.6 4.0 4.4 Net profit?
-43.9% -86.9%
0.7 5.3 1.2 PAT margin %
-33 bps -191 bps
0.3% 2.2% 0.6% EPS (₹)
-45.0% -87.1%
0.22 1.71 0.40
Quality of profit
Pre-tax profit ₹1.6 Cr: core business −₹1.0 Cr, other income ₹2.6 Cr.
Core profit YoY: loss narrowed
· reported profit -43.9%
Cash & debt
FY25 cash from operations ₹51.0 Cr:
434% of FY25 net profit of ₹11.8 Cr.
Borrowings ₹13.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹170 ₹258
+51.8% above Net profit ₹2.5 ₹0.7
-72.0% below
M Cap ₹155 Cr
P/E 22.8
PEG 0.53
Profit +53% above its own trend Operating margin expanded 651 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+5.0% +11.4%
27.4 24.6 26.1 Operating profit
+23.0% +7.5%
12.2 11.4 9.9 OPM %
+651 bps -163 bps
44.5% 46.1% 38.0% Other income
-29.6% +18.2%
0.4 0.3 0.6 Net profit
+50.7% +21.5%
1.6 1.3 1.0 PAT margin %
+175 bps +48 bps
5.8% 5.3% 4.0% EPS (₹)
+50.0% +20.0%
0.30 0.25 0.20
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹1.2 Cr, other income ₹0.4 Cr.
Core profit YoY: —
· reported profit +50.7%
Cash & debt
FY25 cash from operations ₹10.0 Cr:
218% of FY25 net profit of ₹4.6 Cr.
Borrowings ₹93.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹30.9 ₹27.4
-11.2% below Net profit ₹1.0 ₹1.6
+52.8% above
M Cap ₹155 Cr
P/E 4.0
PEG 1.98
Turnaround: profit against a loss a year ago Operating margin expanded 6923 bps YoY 92% of pre-tax profit came from other income and one-off items Exceptional items of ₹54.4 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-80.2% +247.6%
10.3 3.0 51.9 Operating profit
+821.5% from loss 7.3 -0.9 0.8 OPM %
+6923 bps +10014 bps
70.7% -29.4% 1.5% Other income
+190.0% —
0.3 0.0 0.1 Net profit?
from loss +162.9%
36.1 13.7 -2.2 EPS (₹)
from loss +180.2%
19.42 6.93 -1.09
Quality of profit
Pre-tax profit ₹59.2 Cr: core business ₹4.6 Cr, other income ₹0.3 Cr, exceptional & other items ₹54.4 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹5.0 Cr.
Borrowings ₹79.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹25.9 ₹10.3
-60.3% below
M Cap ₹148 Cr
P/E 9.8
PEG 0.28
Profit -67% below its own trend Operating margin contracted 1048 bps YoY 95% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -94%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-23.0% +6.8%
11.8 11.1 15.4 Operating profit
-75.9% -80.9%
0.6 3.0 2.3 OPM %
-1048 bps -2203 bps
4.8% 26.8% 15.3% Other income
-5.8% -53.9%
1.8 3.9 1.9 Net profit?
-42.6% -72.4%
1.4 4.9 2.4 PAT margin %
-393 bps -3308 bps
11.5% 44.6% 15.4% EPS (₹)
-41.8% -72.9%
0.32 1.18 0.55
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹0.1 Cr, other income ₹1.8 Cr.
Core profit YoY: -94.0%
· reported profit -42.6%
Cash & debt
FY25 cash from operations ₹38.0 Cr:
177% of FY25 net profit of ₹21.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.3 ₹11.8
-10.9% below Net profit ₹4.1 ₹1.4
-67.2% below
M Cap ₹147 Cr
P/E 11.8
PEG —
Profit +45% above its own trend 55% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -72%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-2.9% -5.5%
59.1 62.5 60.8 Operating profit
+0.2% -38.3%
5.5 9.0 5.5 OPM %
+29 bps -498 bps
9.4% 14.4% 9.1% Other income
— +56.5%
1.3 0.8 0.1 Net profit
+57.9% -27.7%
2.4 3.3 1.5 PAT margin %
+156 bps -125 bps
4.1% 5.3% 2.5% EPS (₹)
+58.2% -27.8%
2.31 3.20 1.46
Quality of profit
Pre-tax profit ₹2.4 Cr: core business ₹1.1 Cr, other income ₹1.3 Cr.
Core profit YoY: -72.0%
· reported profit +57.9%
Cash & debt
FY25 cash from operations ₹27.0 Cr:
395% of FY25 net profit of ₹6.8 Cr.
Borrowings ₹48.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹68.8 ₹59.1
-14.1% below Net profit ₹1.7 ₹2.4
+45.2% above
M Cap ₹144 Cr
P/E 62.9
PEG —
Profit -81% below its own trend 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-1.8% -8.9%
155 171 158 Operating profit
-17.8% -14.1%
7.7 8.9 9.3 OPM %
-96 bps -30 bps
4.9% 5.2% 5.9% Other income
+140.0% +500.0%
0.2 0.0 0.1 Net profit
-79.1% -69.2%
0.3 1.1 1.6 PAT margin %
-79 bps -41 bps
0.2% 0.6% 1.0% EPS (₹)
-79.0% -69.0%
0.63 2.03 3.00
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.6 Cr, other income ₹0.2 Cr.
Core profit YoY: -65.5%
· reported profit -79.1%
Cash & debt
FY25 cash from operations ₹64.0 Cr:
2048% of FY25 net profit of ₹3.1 Cr.
Borrowings ₹239 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹131 ₹155
+18.7% above Net profit ₹1.7 ₹0.3
-80.9% below
M Cap ₹140 Cr
P/E 50.6
PEG —
Operating margin expanded 135 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit Borrowings up 36% since Mar 2025
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-18.9% +6.2%
68.7 64.7 84.8 Operating profit
+48.5% -23.5%
2.0 2.7 1.4 OPM %
+135 bps -115 bps
3.0% 4.1% 1.6% Other income
+62.8% +15.6%
2.4 2.1 1.5 Net profit?
loss narrowed to loss -0.5 1.8 -0.6 PAT margin %
-14 bps -350 bps
-0.8% 2.7% -0.7% EPS (₹)
— -100.0%
0.00 0.01 0.00
Quality of profit
Pre-tax profit ₹1.9 Cr: core business −₹0.5 Cr, other income ₹2.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹60.0 Cr:
-353% of FY25 net profit of ₹17.0 Cr.
Borrowings ₹38.0 Cr at Sep 2025, against ₹28.0 Cr at Mar 2025 (+36% ).
Against its own trend ?
Trend Actual Gap
Sales ₹95.9 ₹68.7
-28.3% below
Profit -84% below its own trend Operating margin contracted 3442 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-18.4% +15.5%
9.2 8.0 11.3 Operating profit
to loss to loss -1.3 1.1 2.2 OPM %
-3442 bps -2807 bps
-14.6% 13.5% 19.8% Other income
+12.8% -44.0%
3.2 5.8 2.9 Net profit?
-67.7% -83.4%
1.2 7.2 3.7 PAT margin %
-2000 bps -7795 bps
13.1% 91.1% 33.1% EPS (₹)
-65.4% -82.4%
0.09 0.51 0.26
Quality of profit
Pre-tax profit ₹1.2 Cr: core business −₹2.0 Cr, other income ₹3.2 Cr.
Core profit YoY: to loss
· reported profit -67.7%
Cash & debt
FY25 cash from operations ₹43.0 Cr.
Borrowings ₹80.0 Cr at Sep 2025, against ₹85.0 Cr at Mar 2025 (-6% ).
Against its own trend ?
Trend Actual Gap
Sales ₹5.6 ₹9.2
+63.1% above Net profit ₹7.5 ₹1.2
-83.8% below
M Cap ₹139 Cr
P/E 34.3
PEG —
Profit -85% below its own trend Operating margin contracted 575 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-6.8% -7.1%
14.2 15.3 15.3 Operating profit
-74.4% -58.7%
0.3 0.8 1.2 OPM %
-575 bps -272 bps
2.2% 4.9% 7.9% Other income
-34.9% +1.8%
0.6 0.6 0.9 Net profit?
-82.5% -66.7%
0.2 0.7 1.4 PAT margin %
-729 bps -301 bps
1.7% 4.7% 9.0% EPS (₹)
-77.8% -57.1%
0.06 0.14 0.27
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.1 Cr, other income ₹0.6 Cr.
Core profit YoY: to loss
· reported profit -82.5%
Cash & debt
FY25 cash from operations ₹2.8 Cr:
72% of FY25 net profit of ₹3.8 Cr.
Borrowings ₹0.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹17.5 ₹14.2
-18.6% below Net profit ₹1.6 ₹0.2
-84.6% below
Turnaround: profit against a loss a year ago 73% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
2.0 0.1 0.1 Operating profit
from loss from loss 1.4 -31.0 -13.0 OPM %
— —
71.6% — — Other income
-39.3% —
3.8 0.3 6.3 Net profit?
from loss from loss 4.9 -30.7 -6.8 EPS (₹)
from loss from loss 1.74 -10.88 -2.41
Quality of profit
Pre-tax profit ₹5.2 Cr: core business ₹1.4 Cr, other income ₹3.8 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹4.3 Cr:
-54% of FY25 net profit of ₹7.9 Cr.
Borrowings ₹0.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹2.0
+999.0% above
M Cap ₹136 Cr
P/E 6.7
PEG 0.39
Profit +37% above its own trend Operating margin expanded 155 bps YoY 56% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +55%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-1.5% -17.1%
71.6 86.4 72.7 Operating profit
+13.0% -20.7%
8.7 10.9 7.7 OPM %
+155 bps -54 bps
12.1% 12.7% 10.6% Other income
+18.6% -16.9%
1.6 1.9 1.4 Net profit
+31.6% -52.2%
2.2 4.6 1.7 PAT margin %
+77 bps -225 bps
3.1% 5.3% 2.3% EPS (₹)
+30.4% -51.6%
0.30 0.62 0.23
Quality of profit
Pre-tax profit ₹2.9 Cr: core business ₹1.3 Cr, other income ₹1.6 Cr.
Core profit YoY: +54.7%
· reported profit +31.6%
Cash & debt
FY25 cash from operations ₹18.0 Cr:
125% of FY25 net profit of ₹14.4 Cr.
Borrowings ₹116 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹78.9 ₹71.6
-9.2% below Net profit ₹1.6 ₹2.2
+36.7% above
Turnaround: profit against a loss a year ago Operating margin contracted 1971 bps YoY All of pre-tax profit came from other income or one-off items Exceptional items of ₹-1.7 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-24.3% -65.8%
6.0 17.6 7.9 Operating profit
to loss to loss -0.6 10.3 0.8 OPM %
-1971 bps -6897 bps
-10.1% 58.9% 9.6% Other income
-46.2% -3.8%
0.2 0.2 0.3 Net profit?
from loss -92.2%
0.4 4.6 -0.1 PAT margin %
+676 bps -2012 bps
6.0% 26.1% -0.8% EPS (₹)
— -91.9%
0.03 0.37 0.00
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹1.6 Cr, other income ₹0.2 Cr, exceptional & other items ₹1.7 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹9.2 Cr.
Borrowings ₹7.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹11.5 ₹6.0
-47.6% below
Operating margin expanded 530 bps YoY 32% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-81.9% +147.3%
42.0 17.0 232 Operating profit
-80.6% from loss 34.3 -18.9 177 OPM %
+530 bps —
81.6% — 76.3% Other income
+14.6% -88.7%
8.0 71.1 7.0 Net profit?
-84.6% +110.1%
25.2 12.0 164 PAT margin %
-1072 bps -1062 bps
60.0% 70.6% 70.7% EPS (₹)
-85.1% +426.3%
3.00 0.57 20.20
Quality of profit
Pre-tax profit ₹24.9 Cr: core business ₹16.9 Cr, other income ₹8.0 Cr.
Core profit YoY: -89.3%
· reported profit -84.6%
Cash & debt
FY25 cash from operations ₹71.0 Cr:
52% of FY25 net profit of ₹136 Cr.
Borrowings ₹434 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹116 ₹42.0
-63.8% below
M Cap ₹130 Cr
P/E 20.2
PEG 2.53
Profit +18% above its own trend 62% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +394%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-9.9% -10.3%
161 180 179 Operating profit
-1.4% -43.6%
2.8 5.0 2.9 OPM %
+15 bps -104 bps
1.8% 2.8% 1.6% Other income
-48.5% from loss 1.4 -1.2 2.7 Net profit
-23.1% +43.0%
1.6 1.1 2.1 PAT margin %
-17 bps +38 bps
1.0% 0.6% 1.2% EPS (₹)
-25.0% +50.0%
0.06 0.04 0.08
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹0.8 Cr, other income ₹1.4 Cr.
Core profit YoY: +394.1%
· reported profit -23.1%
Cash & debt
FY25 cash from operations ₹7.0 Cr:
69% of FY25 net profit of ₹10.1 Cr.
Borrowings ₹51.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹270 ₹161
-40.4% below Net profit ₹1.4 ₹1.6
+17.6% above
Profit +148% above its own trend Operating margin expanded 2243 bps YoY 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+6.6% +2.2%
3.9 3.8 3.7 Operating profit
+47.8% +3.1%
3.2 3.1 2.1 OPM %
+2243 bps +71 bps
80.4% 79.7% 58.0% Other income
+117.9% +58.8%
1.6 1.0 0.7 Net profit
+60.8% +6.3%
3.8 3.5 2.3 PAT margin %
+3224 bps +372 bps
95.6% 91.9% 63.4% EPS (₹)
+60.3% +5.7%
0.93 0.88 0.58
Quality of profit
Pre-tax profit ₹4.7 Cr: core business ₹3.1 Cr, other income ₹1.6 Cr.
Core profit YoY: +48.3%
· reported profit +60.8%
Cash & debt
FY25 cash from operations ₹19.0 Cr:
109% of FY25 net profit of ₹17.5 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.2 ₹3.9
+82.4% above Net profit ₹1.5 ₹3.8
+148.0% above
M Cap ₹126 Cr
P/E 35.9
PEG 8.98
Profit +188% 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
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+11.3% -27.3%
22.8 31.3 20.5 Operating profit
+3.0% +67.0%
0.7 0.4 0.7 OPM %
-26 bps +182 bps
3.2% 1.4% 3.5% Other income
+133.9% +78.8%
1.2 0.7 0.5 Net profit
+44.2% +212.2%
0.4 0.1 0.3 PAT margin %
+44 bps +146 bps
1.9% 0.4% 1.5% EPS (₹)
+46.2% +216.7%
0.38 0.12 0.26
Quality of profit
Pre-tax profit ₹0.6 Cr: core business −₹0.6 Cr, other income ₹1.2 Cr.
Core profit YoY: loss widened
· reported profit +44.2%
Cash & debt
FY25 cash from operations −₹4.0 Cr:
-243% of FY25 net profit of ₹1.6 Cr.
Borrowings ₹30.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹28.5 ₹22.8
-20.1% below Net profit ₹0.2 ₹0.4
+188.4% above
M Cap ₹125 Cr
P/E 13.8
PEG 0.34
Profit -54% below its own trend Operating margin contracted 1819 bps YoY 35% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-2.3% -10.8%
8.5 9.5 8.7 Operating profit
-31.0% -23.8%
3.7 4.9 5.4 OPM %
-1819 bps -744 bps
43.8% 51.2% 62.0% Other income
+21.3% -16.9%
0.7 0.9 0.6 Net profit
-36.7% -24.1%
1.7 2.2 2.6 PAT margin %
-1070 bps -344 bps
19.6% 23.1% 30.3% EPS (₹)
-38.7% -24.2%
1.44 1.90 2.35
Quality of profit
Pre-tax profit ₹2.1 Cr: core business ₹1.4 Cr, other income ₹0.7 Cr.
Core profit YoY: -53.4%
· reported profit -36.7%
Cash & debt
FY25 cash from operations ₹47.7 Cr:
251% of FY25 net profit of ₹19.0 Cr.
Borrowings ₹47.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.7 ₹8.5
-20.6% below Net profit ₹3.6 ₹1.7
-54.2% below
M Cap ₹123 Cr
P/E 7.3
PEG 0.37
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss widened loss narrowed -0.2 -0.3 -0.1 Other income
from loss from loss 17.8 -0.3 -0.1 Net profit?
from loss from loss 17.6 -0.6 -0.2 EPS (₹)
from loss from loss 0.70 -0.02 -0.01
Quality of profit
Pre-tax profit ₹17.6 Cr: core business −₹0.2 Cr, other income ₹17.8 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹4.0 Cr.
Borrowings ₹11.0 Cr at Mar 2025.
M Cap ₹122 Cr
P/E 27.8
PEG 4.64
Profit -89% below its own trend Operating margin expanded 236 bps YoY 52% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +719%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+11.1% +10.6%
29.0 26.3 26.2 Operating profit
+103.2% +113.4%
1.5 0.7 0.7 OPM %
+236 bps +250 bps
5.2% 2.7% 2.8% Other income
-89.6% -70.2%
0.9 3.1 8.8 Net profit?
-78.6% —
1.9 0.1 8.9 PAT margin %
-2749 bps +612 bps
6.6% 0.4% 34.0% EPS (₹)
-78.7% —
0.90 0.05 4.23
Quality of profit
Pre-tax profit ₹1.7 Cr: core business ₹0.8 Cr, other income ₹0.9 Cr.
Core profit YoY: +718.8%
· reported profit -78.6%
Cash & debt
FY25 cash from operations ₹18.0 Cr:
92% of FY25 net profit of ₹19.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹26.3 ₹29.0
+10.5% above Net profit ₹17.6 ₹1.9
-89.2% below
M Cap ₹119 Cr
P/E 51.6
PEG —
Operating margin contracted 400 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+1.8% -15.5%
10.2 12.1 10.0 Operating profit
-41.6% -11.3%
0.6 0.6 0.9 OPM %
-400 bps +26 bps
5.4% 5.1% 9.4% Other income
+22.7% +64.7%
0.5 0.3 0.4 Net profit?
-77.5% from loss 0.2 -0.0 0.7 PAT margin %
-553 bps +194 bps
1.6% -0.4% 7.1% EPS (₹)
to loss to loss -0.04 0.07 0.65
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.2 Cr, other income ₹0.5 Cr.
Core profit YoY: loss widened
· reported profit -77.5%
Cash & debt
FY25 cash from operations −₹2.8 Cr.
Borrowings ₹25.9 Cr at Mar 2025.
M Cap ₹119 Cr
P/E 13.1
PEG 0.94
Profit -62% below its own trend 25% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-10.9% -4.6%
156 163 175 Operating profit
-14.9% -6.0%
4.5 4.8 5.3 OPM %
-14 bps -4 bps
2.9% 2.9% 3.0% Other income
+34.9% +347.4%
0.8 0.2 0.6 Net profit?
-23.7% -3.0%
2.3 2.4 3.0 PAT margin %
-25 bps +2 bps
1.5% 1.4% 1.7% EPS (₹)
-23.9% -0.7%
1.40 1.41 1.84
Quality of profit
Pre-tax profit ₹3.4 Cr: core business ₹2.5 Cr, other income ₹0.8 Cr.
Core profit YoY: -23.3%
· reported profit -23.7%
Cash & debt
FY25 cash from operations −₹2.0 Cr:
-23% of FY25 net profit of ₹8.8 Cr.
Borrowings ₹39.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹181 ₹156
-13.6% below Net profit ₹6.0 ₹2.3
-61.8% below
M Cap ₹116 Cr
P/E 18.1
PEG 0.19
Operating margin expanded 2691 bps YoY 62% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +172%)
₹ Cr YoY
Dec 2025 Dec 2024
Sales
-76.0%
2.6 10.6 Operating profit
+145.9%
0.8 0.3 OPM %
+2691 bps
29.8% 2.9% Other income
-0.9%
0.2 0.2 Net profit?
+31.0%
0.2 0.2 PAT margin %
+699 bps
8.6% 1.6% EPS (₹)
+33.3%
0.04 0.03
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: +171.5%
· reported profit +31.0%
Cash & debt
FY25 cash from operations ₹1.5 Cr.
Borrowings nil at Mar 2025.
M Cap ₹116 Cr
P/E 162.2
PEG —
Profit -93% below its own trend Operating margin contracted 5846 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-93.4% —
1.3 0.1 19.7 Operating profit
to loss loss narrowed -0.5 -0.6 4.6 OPM %
-5846 bps —
-35.2% — 23.2% Other income
+15.1% -14.5%
0.8 1.0 0.7 Net profit?
-96.7% -49.4%
0.1 0.3 4.3 PAT margin %
-1113 bps —
10.8% — 21.9% EPS (₹)
-96.5% -42.9%
0.04 0.07 1.13
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.6 Cr, other income ₹0.8 Cr.
Core profit YoY: to loss
· reported profit -96.7%
Cash & debt
FY25 cash from operations −₹10.7 Cr:
-102% of FY25 net profit of ₹10.5 Cr.
Borrowings ₹5.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.8 ₹1.3
-86.8% below Net profit ₹2.2 ₹0.1
-93.5% below
Profit +144% above its own trend Operating margin expanded 133 bps YoY 65% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +74%) Operating cash flow was negative in FY25 despite a profit Borrowings up 375% since Mar 2025
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-43.3% -76.9%
16.6 71.7 29.2 Operating profit
-0.7% +0.5%
0.5 0.5 0.5 OPM %
+133 bps +238 bps
3.1% 0.7% 1.8% Other income
-10.6% +126.1%
0.7 0.3 0.7 Net profit?
+21.8% +163.4%
0.7 0.3 0.6 PAT margin %
+238 bps +406 bps
4.5% 0.4% 2.1% EPS (₹)
+22.7% +170.0%
0.27 0.10 0.22
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.4 Cr, other income ₹0.7 Cr.
Core profit YoY: +74.2%
· reported profit +21.8%
Cash & debt
FY25 cash from operations −₹119 Cr:
-3920% of FY25 net profit of ₹3.0 Cr.
Borrowings ₹19.0 Cr at Sep 2025, against ₹4.0 Cr at Mar 2025 (+375% ).
Against its own trend ?
Trend Actual Gap
Sales ₹58.5 ₹16.6
-71.6% below Net profit ₹0.3 ₹0.7
+143.6% above
M Cap ₹109 Cr
P/E 276.2
PEG 4.06
Profit -88% below its own trend Operating margin contracted 191 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-44.4% -63.0%
2.5 6.8 4.5 Operating profit
-59.4% -90.4%
0.1 1.4 0.3 OPM %
-191 bps -1480 bps
5.2% 20.0% 7.1% Other income
-35.7% +80.0%
0.1 0.1 0.1 Net profit
-75.0% -83.7%
0.1 0.4 0.3 PAT margin %
-342 bps -357 bps
2.8% 6.4% 6.2% EPS (₹)
-72.7% -82.4%
0.03 0.17 0.11
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss
· reported profit -75.0%
Cash & debt
FY25 cash from operations −₹13.4 Cr:
-674% of FY25 net profit of ₹2.0 Cr.
Borrowings ₹18.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.3 ₹2.5
-24.1% below Net profit ₹0.6 ₹0.1
-87.5% below
How to read this page
The numbers. Each card is one company's Q3 FY26 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter,
before minority interest. A company's own headline, and the AI read of its filing, often quote the profit
attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's
Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that
attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two
are the same.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 13 Oct 2026, 21:05 IST
