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, 21:05 IST 4316 declared
The next results season has started: 44 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 19 of 144

UTI Asset Management Company Limited

UTIAMC · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹11,409 Cr
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +23.2%— 518—420
Net interest income +15.2%— 8.1—7.0
Other income +23.5%— 506—410
Operating profit (pre-provision) +29.8%— 287—221
Net profit? -20.6%-71.9% 138490174
EPS (₹) -20.2%+7.0% 9.438.8111.81
Cost-to-income % -278 bps— 44.2%—47.0%

Where profit came from

Pre-provision profit ₹287 Cr (+29.8% YoY).

Net profit -20.6% YoY.

Against its own trend ?

TrendActualGap
NII₹8.4₹8.1 -3.5% in line
Net profit₹148₹138 -7.0% in line
📊 Investor presentation (22 Jul) Detailed financials →

Nuvoco Vistas Corporation Limited

NUVOCO · Cement · Q3 FY26 · Consolidated
M Cap
₹11,393 Cr
P/E
29.5
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 349 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.1%+9.9% 2,7012,4582,409
Operating profit +48.6%+4.6% 384367258
OPM % +349 bps-73 bps 14.2%14.9%10.7%
Other income —-28.9% 2.83.90.2
Net profit? from loss+35.5% 49.436.4-61.4
PAT margin % +437 bps+35 bps 1.8%1.5%-2.5%
EPS (₹) from loss+35.3% 1.381.02-1.72

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹64.5 Cr: core business ₹61.8 Cr, other income ₹2.8 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹1,329 Cr: 6085% of FY25 net profit of ₹21.8 Cr.

Borrowings ₹4,074 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,554₹2,701 +5.7% above
Detailed financials →

Trident Limited

TRIDENT · Textiles · Q3 FY26 · Consolidated
M Cap
₹11,292 Cr
P/E
28.6
PEG
—
  • Profit -63% below its own trend
  • Operating margin contracted 420 bps YoY
  • 39% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -5.6%-11.9% 1,5741,7871,667
Operating profit -36.4%-36.4% 136214214
OPM % -420 bps-333 bps 8.6%12.0%12.8%
Other income +53.3%+35.3% 23.017.015.0
Net profit? -45.0%-51.6% 44.091.080.0
PAT margin % -200 bps-230 bps 2.8%5.1%4.8%
EPS (₹) -43.8%-50.0% 0.090.180.16

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹62.0 Cr: core business ₹38.0 Cr, other income ₹23.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -55.8% · reported profit -45.0%

Cash & debt

FY25 cash from operations ₹945 Cr: 255% of FY25 net profit of ₹370 Cr.

Borrowings ₹1,635 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,686₹1,574 -6.6% below
Net profit₹120₹44.0 -63.2% below
📊 Investor presentation (25 Jul) Detailed financials →

Sri Lotus Developers and Realty Limited

LOTUSDEV · Real Estate · Q3 FY26 · Consolidated
M Cap
₹11,276 Cr
P/E
42.9
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +27.3% 224176
Operating profit +58.9% 79.450.0
OPM % +705 bps 35.5%28.4%
Other income -8.3% 15.817.2
Net profit? +52.7% 70.246.0
PAT margin % +521 bps 31.3%26.1%
EPS (₹) +52.1% 1.430.94

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹94.3 Cr: core business ₹78.5 Cr, other income ₹15.8 Cr.

📊 Investor presentation (03 Aug) Detailed financials →

Aptus Value Housing Finance India Limited

APTUS · Housing Finance · Q3 FY26 · Consolidated
M Cap
₹11,186 Cr
P/E
11.4
PEG
0.49
  • Gross NPA up 28 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +22.3%+2.7% 569554465
Net interest income —+5.9% 326308—
Other income —-1.1% 80.081.0—
Operating profit (pre-provision) +24.1%+2.7% 321312258
Provisions +30.9%-6.6% 16.918.112.9
Net profit? +24.0%+4.3% 236227191
EPS (₹) +23.6%+4.0% 4.724.543.82
Cost-to-income % +134 bps+139 bps 21.0%19.6%19.7%
Gross NPA % +28 bps+1 bps 1.6%1.6%1.3%
Net NPA % +22 bps+1 bps 1.2%1.2%1.0%

Where profit came from

Pre-provision profit ₹321 Cr (+24.1% YoY); provisions ₹16.9 Cr (+30.9% YoY).

Net profit +24.0% YoY.

Against its own trend ?

TrendActualGap
Net profit₹239₹236 -1.1% in line
📊 Investor presentation (31 Jul) Detailed financials →

Metropolis Healthcare Limited

METROPOLIS · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹11,094 Cr
P/E
54.7
PEG
4.97
  • Profit +16% above its own trend
  • Operating margin expanded 106 bps YoY
  • Exceptional items of ₹-9.1 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +25.8%-5.4% 406429323
Operating profit +31.7%-12.4% 94.810872.0
OPM % +106 bps-185 bps 23.4%25.2%22.3%
Other income +252.2%+911.8% 9.00.92.6
Net profit? +33.7%-20.4% 42.152.931.5
PAT margin % +62 bps-195 bps 10.4%12.3%9.7%
EPS (₹) +30.6%-21.4% 7.9910.176.12

Quality of profit

Pre-tax profit ₹57.2 Cr: core business ₹57.2 Cr, other income ₹9.0 Cr, exceptional & other items −₹9.1 Cr.

Core profit YoY: +43.9% · reported profit +33.7%

Cash & debt

FY25 cash from operations ₹263 Cr: 181% of FY25 net profit of ₹146 Cr.

Borrowings ₹204 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹377₹406 +7.7% above
Net profit₹36.2₹42.1 +16.4% above
📊 Investor presentation (27 Aug) Detailed financials →

Techno Electric & Engineering Company Limited

TECHNOE · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹10,978 Cr
P/E
25.4
PEG
0.75
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +37.1%+3.5% 872843636
Operating profit +40.1%+13.6% 12611190.0
OPM % +31 bps+129 bps 14.5%13.2%14.1%
Other income -28.0%-16.6% 31.738.044.0
Net profit? +24.2%+14.7% 11910496.0
PAT margin % -142 bps+134 bps 13.7%12.3%15.1%
EPS (₹) +24.2%+14.7% 10.258.948.25

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹144 Cr: core business ₹112 Cr, other income ₹31.7 Cr.

Core profit YoY: +32.3% · reported profit +24.2%

Cash & debt

FY25 cash from operations ₹453 Cr: 107% of FY25 net profit of ₹423 Cr.

Borrowings ₹39.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,198₹872 -27.2% below
Net profit₹120₹119 -0.3% in line
📊 Investor presentation (11 Feb) Detailed financials →

Gravita India Limited

GRAVITA · Mining & Minerals · Q3 FY26 · Consolidated
M Cap
₹10,936 Cr
P/E
27.9
PEG
1.21
  • Operating margin expanded 367 bps YoY
  • Core business grew faster than reported profit (core profit +72%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +2.1%-1.8% 1,0171,036996
Operating profit +48.1%+17.6% 12010281.0
OPM % +367 bps+195 bps 11.8%9.8%8.1%
Other income -58.6%-53.8% 12.026.029.0
Net profit? +24.4%+1.0% 97.096.078.0
PAT margin % +171 bps+27 bps 9.5%9.3%7.8%
EPS (₹) +25.3%+1.7% 13.2313.0110.56

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹115 Cr: core business ₹103 Cr, other income ₹12.0 Cr.

Core profit YoY: +71.7% · reported profit +24.4%

Cash & debt

FY25 cash from operations ₹282 Cr: 100% of FY25 net profit of ₹281 Cr.

Borrowings ₹286 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,253₹1,017 -18.8% below
Net profit₹106₹97.0 -8.2% in line
📊 Investor presentation (27 Jul) Detailed financials →

Zensar Technologies Limited

ZENSARTECH · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹10,861 Cr
P/E
14.0
PEG
0.39
  • Profit +15% above its own trend
  • Operating margin expanded 186 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +7.9%+0.7% 1,4311,4211,326
Operating profit +20.8%+13.6% 250220207
OPM % +186 bps+199 bps 17.5%15.5%15.6%
Other income +22.6%-22.4% 38.049.031.0
Net profit? +25.0%+9.9% 200182160
PAT margin % +191 bps+117 bps 14.0%12.8%12.1%
EPS (₹) +24.9%+9.7% 8.798.017.04

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹265 Cr: core business ₹228 Cr, other income ₹38.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +27.4% · reported profit +25.0%

Cash & debt

FY25 cash from operations ₹565 Cr: 87% of FY25 net profit of ₹650 Cr.

Borrowings ₹125 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,450₹1,431 -1.3% in line
Net profit₹174₹200 +15.2% above
📊 Investor presentation (29 Jul) Detailed financials →

Lloyds Enterprises Limited

LLOYDSENT · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹10,834 Cr
P/E
38.8
PEG
0.50
  • Profit -13% below its own trend
  • Operating margin contracted 605 bps YoY
  • 86% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -84%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +3.1%-33.0% 299447290
Operating profit -40.7%-53.6% 24.552.841.4
OPM % -605 bps-363 bps 8.2%11.8%14.3%
Other income +90.3%+585.9% 34.45.018.1
Net profit? -8.4%-38.8% 37.962.041.4
PAT margin % -159 bps-120 bps 12.7%13.9%14.3%
EPS (₹) -12.1%+93.3% 0.290.150.33

Quality of profit

Core 14%Other income & one-offs 86%

Pre-tax profit ₹39.3 Cr: core business ₹5.4 Cr, other income ₹34.4 Cr, exceptional & other items −₹0.6 Cr.

Core profit YoY: -84.5% · reported profit -8.4%

Cash & debt

FY25 cash from operations ₹145 Cr: 118% of FY25 net profit of ₹123 Cr.

Borrowings ₹596 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹317₹299 -5.6% below
Net profit₹43.5₹37.9 -12.9% below
Detailed financials →

IIFL Capital Services Limited

IIFLCAPS · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹10,809 Cr
P/E
18.9
PEG
0.61
  • Profit +14% above its own trend
  • Operating margin contracted 960 bps YoY
  • 53% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -35%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.5%+2.4% 586572583
Operating profit -22.4%-10.8% 190213245
OPM % -960 bps-481 bps 32.4%37.2%42.0%
Other income +109.4%from loss 134-25.064.0
Net profit? -4.6%+121.2% 18885.0197
PAT margin % -171 bps+1722 bps 32.1%14.9%33.8%
EPS (₹) -5.5%+121.0% 6.012.726.36

Quality of profit

Core 47%Other income & one-offs 53%

Pre-tax profit ₹254 Cr: core business ₹120 Cr, other income ₹134 Cr.

Core profit YoY: -35.5% · reported profit -4.6%

Cash & debt

FY25 cash from operations ₹871 Cr: 122% of FY25 net profit of ₹712 Cr.

Borrowings ₹937 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹540₹586 +8.6% above
Net profit₹165₹188 +14.0% above
📊 Investor presentation (23 Jul) Detailed financials →

Blue Dart Express Limited

BLUEDART · Logistics · Q3 FY26 · Consolidated
M Cap
₹10,752 Cr
P/E
37.5
PEG
—
  • Operating margin expanded 156 bps YoY
  • Core business grew faster than reported profit (core profit +15%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.9%+4.3% 1,6161,5491,512
Operating profit +17.5%+11.5% 281252239
OPM % +156 bps+112 bps 17.4%16.3%15.8%
Other income to lossto loss -33.010.012.0
Net profit? -16.1%-16.0% 68.081.081.0
PAT margin % -115 bps-102 bps 4.2%5.2%5.4%
EPS (₹) -15.6%-16.0% 28.8034.3034.14

Quality of profit

Pre-tax profit ₹79.0 Cr: core business ₹112 Cr, other income −₹33.0 Cr.

Core profit YoY: +15.1% · reported profit -16.1%

Cash & debt

FY25 cash from operations ₹735 Cr: 291% of FY25 net profit of ₹253 Cr.

Borrowings ₹1,007 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,622₹1,616 -0.3% in line
Net profit₹73.9₹68.0 -8.0% in line
📊 Investor presentation (04 Aug) Detailed financials →

BLACKBUCK LIMITED

BLACKBUCK · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹10,535 Cr
P/E
62.2
PEG
1.68
  • Turnaround: profit against a loss a year ago
  • 29% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +50.9%+13.8% 172151114
Operating profit +50.0%+23.2% 45.036.530.0
OPM % -15 bps+200 bps 26.2%24.2%26.3%
Other income from loss-19.0% 13.016.1-69.0
Net profit? from loss+9.6% 32.029.2-48.0
PAT margin % +6071 bps-71 bps 18.6%19.3%-42.1%
EPS (₹) from loss+8.0% 1.751.62-2.72

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹42.0 Cr: core business ₹30.0 Cr, other income ₹13.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +50.0%

Cash & debt

FY25 cash from operations ₹58.0 Cr.

Borrowings ₹38.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹167₹172 +2.8% in line
📊 Investor presentation (29 Jul) Detailed financials →

Voltamp Transformers Limited

VOLTAMP · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹10,506 Cr
P/E
33.1
PEG
2.07
  • Operating margin contracted 339 bps YoY
  • Profit grew faster than the core business (core profit +9%)
₹ CrYoY Dec 2025Dec 2024
Sales +30.4% 630484
Operating profit +8.8% 10899.0
OPM % -339 bps 17.1%20.5%
Other income +281.4% 26.16.9
Net profit? +35.0% 99.173.4
PAT margin % +54 bps 15.7%15.2%
EPS (₹) +35.0% 97.9472.55

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹130 Cr: core business ₹104 Cr, other income ₹26.1 Cr.

Core profit YoY: +8.8% · reported profit +35.0%

Detailed financials →

Paras Defence and Space Technologies Limited

PARAS · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹10,409 Cr
P/E
108.5
PEG
3.19
  • Profit -34% below its own trend
  • Operating margin contracted 105 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +24.0%+0.6% 10610685.8
Operating profit +18.9%-11.7% 26.229.722.1
OPM % -105 bps-343 bps 24.7%28.1%25.7%
Other income +40.1%-0.4% 2.32.31.6
Net profit? +21.7%-13.4% 16.919.513.8
PAT margin % -30 bps-256 bps 15.8%18.4%16.1%
EPS (₹) +20.9%-11.7% 2.262.56adj. 1.87

EPS restated for the ₹10 to ₹5 split of Jul 2025: Dec 2024 ₹3.74 to ₹1.87.

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹23.2 Cr: core business ₹20.9 Cr, other income ₹2.3 Cr.

Core profit YoY: +18.7% · reported profit +21.7%

Cash & debt

FY25 cash from operations ₹45.0 Cr: 73% of FY25 net profit of ₹61.5 Cr.

Borrowings ₹24.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹109₹106 -2.8% in line
Net profit₹25.6₹16.9 -34.3% below
Detailed financials →

Rategain Travel Technologies Limited

RATEGAIN · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹10,361 Cr
P/E
42.8
PEG
0.87
  • Profit -56% below its own trend
  • Operating margin contracted 592 bps YoY
  • Exceptional items of ₹-34.6 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +93.8%+83.1% 540295279
Operating profit +41.7%+61.3% 87.154.061.5
OPM % -592 bps-217 bps 16.1%18.3%22.1%
Other income -18.5%-24.7% 16.622.020.3
Net profit? -53.2%-48.1% 26.551.056.5
PAT margin % -1539 bps-1239 bps 4.9%17.3%20.3%
EPS (₹) -53.3%-48.1% 2.244.324.80

Quality of profit

Pre-tax profit ₹28.9 Cr: core business ₹47.0 Cr, other income ₹16.6 Cr, exceptional & other items −₹34.6 Cr.

Core profit YoY: -11.0% · reported profit -53.2%

Cash & debt

FY25 cash from operations ₹120 Cr: 57% of FY25 net profit of ₹209 Cr.

Borrowings ₹16.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹295₹540 +83.3% above
Net profit₹60.2₹26.5 -56.1% below
📊 Investor presentation (06 Aug) Detailed financials →

Viyash Scientific Limited

VIYASH · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹10,343 Cr
P/E
76.3
PEG
1.04
  • Profit +999% above its own trend
  • Exceptional items of ₹-41.3 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —— 85834.036.3
Operating profit —— 176——
OPM % —— 20.5%——
Other income —— 14.0——
Net profit? —— 48.53.12.8
PAT margin % -210 bps-340 bps 5.7%9.1%7.7%
EPS (₹) —— 0.89——

Quality of profit

Pre-tax profit ₹73.1 Cr: core business ₹100 Cr, other income ₹14.0 Cr, exceptional & other items −₹41.3 Cr.

Cash & debt

FY25 cash from operations ₹83.0 Cr: 298% of FY25 net profit of ₹27.8 Cr.

Borrowings ₹481 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹22.2₹858 +999.0% above
Net profit₹3.5₹48.5 +999.0% above
📊 Investor presentation (12 Aug) Detailed financials →

Jaiprakash Power Ventures Limited

JPPOWER · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹10,328 Cr
P/E
16.1
PEG
0.17
  • Profit -96% below its own trend
  • Operating margin contracted 1041 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +1.4%-19.7% 1,1561,4381,140
Operating profit -40.1%-63.1% 174471290
OPM % -1041 bps-1771 bps 15.0%32.7%25.4%
Other income -52.0%+39.0% 55.940.2116
Net profit? -97.0%-97.9% 3.8182127
PAT margin % -1078 bps-1233 bps 0.3%12.7%11.1%
EPS (₹) -97.4%-98.2% 0.000.200.14

Quality of profit

Pre-tax profit ₹18.6 Cr: core business −₹37.3 Cr, other income ₹55.9 Cr.

Core profit YoY: to loss · reported profit -97.0%

Cash & debt

FY25 cash from operations ₹1,714 Cr: 211% of FY25 net profit of ₹814 Cr.

Borrowings ₹3,778 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,019₹1,156 +13.4% above
Net profit₹97.0₹3.8 -96.1% below
Detailed financials →

TITAGARH RAIL SYSTEMS LIMITED

TITAGARH · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹10,260 Cr
P/E
53.5
PEG
7.64
  • Profit +20% above its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -7.8%+4.1% 832799902
Operating profit -8.0%+10.1% 92.083.6100
OPM % -3 bps+60 bps 11.1%10.5%11.1%
Other income -52.0%-25.3% 10.814.422.5
Net profit? -23.3%+30.1% 48.137.062.8
PAT margin % -117 bps+116 bps 5.8%4.6%7.0%
EPS (₹) -23.2%+31.1% 3.582.734.66

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹65.2 Cr: core business ₹61.7 Cr, other income ₹10.8 Cr, exceptional & other items −₹7.3 Cr.

Core profit YoY: -15.0% · reported profit -23.3%

Cash & debt

FY25 cash from operations −₹97.0 Cr: -35% of FY25 net profit of ₹275 Cr.

Borrowings ₹627 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹767₹832 +8.4% above
Net profit₹40.1₹48.1 +20.1% above
📊 Investor presentation (14 Aug) Detailed financials →

Park Medi World Limited

PARKHOSPS · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹10,174 Cr
P/E
34.2
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales -0.0% 410410
Operating profit -12.0% 99.4113
OPM % -331 bps 24.2%27.6%
Other income +13.8% 9.18.0
Net profit? -33.1% 52.879.0
PAT margin % -638 bps 12.9%19.3%
EPS (₹) -29.3% 1.351.91

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹78.3 Cr: core business ₹69.2 Cr, other income ₹9.1 Cr.

📊 Investor presentation (03 Aug) Detailed financials →

Whirlpool of India Limited

WHIRLPOOL · Consumer Durables & Appliances · Q3 FY26 · Consolidated
M Cap
₹10,149 Cr
P/E
40.3
PEG
3.10
  • Profit -52% below its own trend
  • Operating margin expanded 106 bps YoY
  • Exceptional items of ₹-38.8 Cr in the quarter
  • Core business grew faster than reported profit (core profit +240%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.0%+7.7% 1,7741,6471,705
Operating profit +31.3%+56.8% 90.958.069.3
OPM % +106 bps+160 bps 5.1%3.5%4.1%
Other income -16.4%-29.6% 42.260.050.5
Net profit? -39.5%-35.9% 26.942.044.5
PAT margin % -109 bps-103 bps 1.5%2.6%2.6%
EPS (₹) -39.6%-35.9% 2.093.263.46

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹32.9 Cr: core business ₹29.5 Cr, other income ₹42.2 Cr, exceptional & other items −₹38.8 Cr.

Core profit YoY: +239.6% · reported profit -39.5%

Cash & debt

FY25 cash from operations ₹571 Cr: 157% of FY25 net profit of ₹363 Cr.

Borrowings ₹284 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,777₹1,774 -0.2% in line
Net profit₹55.5₹26.9 -51.5% below
📊 Investor presentation (06 Aug) Detailed financials →

Strides Pharma Science Limited

STAR · Pharmaceuticals · Q3 FY26 · Standalone
M Cap
₹10,098 Cr
P/E
26.0
PEG
0.37
  • Profit +308% above its own trend
  • Operating margin contracted 112 bps YoY
  • 76% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +69%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +19.2%+22.5% 657536551
Operating profit +9.3%+30.6% 81.062.074.1
OPM % -112 bps+77 bps 12.3%11.6%13.4%
Other income —+635.7% 10314.02.4
Net profit +716.0%+280.4% 12232.014.9
PAT margin % +1585 bps+1258 bps 18.6%6.0%2.7%
EPS (₹) +716.7%+280.2% 13.233.481.62

Quality of profit

Core 24%Other income & one-offs 76%

Pre-tax profit ₹135 Cr: core business ₹32.0 Cr, other income ₹103 Cr.

Core profit YoY: +68.7% · reported profit +716.0%

Cash & debt

FY25 cash from operations ₹421 Cr: 837% of FY25 net profit of ₹50.3 Cr.

Borrowings ₹1,202 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹532₹657 +23.5% above
Net profit₹29.9₹122 +308.0% above
Detailed financials →

Mahanagar Gas Limited

MGL · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹10,097 Cr
P/E
14.1
PEG
7.06
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.6%+0.5% 2,2682,2562,032
Operating profit +8.2%+4.0% 351338325
OPM % -50 bps+52 bps 15.5%15.0%16.0%
Other income -29.5%+2.0% 29.629.042.0
Net profit? -9.1%+5.2% 201191221
PAT margin % -202 bps+39 bps 8.9%8.5%10.9%
EPS (₹) -9.1%+5.1% 20.3619.3722.39

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹271 Cr: core business ₹241 Cr, other income ₹29.6 Cr.

Core profit YoY: +4.8% · reported profit -9.1%

Cash & debt

FY25 cash from operations ₹1,406 Cr: 135% of FY25 net profit of ₹1,040 Cr.

Borrowings ₹201 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,431₹2,268 -6.7% below
Net profit₹185₹201 +8.5% in line
Detailed financials →

Signatureglobal (India) Limited

SIGNATURE · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹10,013 Cr
P/E
9.6
PEG
0.26
  • Into loss: a profit a year ago
  • Profit -177% below its own trend
  • Operating margin contracted 2381 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -65.7%-16.0% 284338828
Operating profit to lossloss narrowed -63.0-74.013.5
OPM % -2381 bps-29 bps -22.2%-21.9%1.6%
Other income -18.8%-17.6% 28.034.034.5
Net profit? to lossloss narrowed -45.0-47.029.1
PAT margin % -1937 bps-194 bps -15.8%-13.9%3.5%
EPS (₹) to lossloss narrowed -3.23-3.332.07

Quality of profit

Pre-tax profit −₹60.0 Cr: core business −₹88.0 Cr, other income ₹28.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹501 Cr: 495% of FY25 net profit of ₹101 Cr.

Borrowings ₹2,394 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,204₹284 -76.4% below
Net profit₹58.3−₹45.0 -177.2% below
📊 Investor presentation (06 Aug) Detailed financials →

Welspun Enterprises Limited

WELENT · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹9,989 Cr
P/E
28.7
PEG
2.21
  • Profit -65% below its own trend
  • Operating margin expanded 480 bps YoY
  • Core business grew faster than reported profit (core profit +39%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -9.2%+0.4% 787784867
Operating profit +20.3%-10.7% 154172128
OPM % +480 bps-242 bps 19.6%22.0%14.8%
Other income to lossto loss -32.019.152.0
Net profit? -59.7%-68.4% 31.098.177.0
PAT margin % -494 bps-857 bps 3.9%12.5%8.9%
EPS (₹) -66.3%-73.7% 1.746.615.16

Quality of profit

Pre-tax profit ₹58.0 Cr: core business ₹89.0 Cr, other income −₹32.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +39.1% · reported profit -59.7%

Cash & debt

FY25 cash from operations −₹273 Cr: -77% of FY25 net profit of ₹354 Cr.

Borrowings ₹1,499 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹963₹787 -18.2% below
Net profit₹89.3₹31.0 -65.3% below
📊 Investor presentation (04 Aug) Detailed financials →

Ircon International Limited

IRCON · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹9,971 Cr
P/E
19.2
PEG
—
  • Profit +66% above its own trend
  • Operating margin expanded 240 bps YoY
  • 83% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -49%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -18.9%+7.2% 2,1191,9772,613
Operating profit +19.7%+12.1% 158141132
OPM % +240 bps+32 bps 7.5%7.1%5.1%
Other income +30.2%-28.2% 11215686.0
Net profit? +16.0%-26.9% 99.813786.1
PAT margin % +142 bps-219 bps 4.7%6.9%3.3%
EPS (₹) +16.3%-27.2% 1.071.470.92

Quality of profit

Core 17%Other income & one-offs 83%

Pre-tax profit ₹135 Cr: core business ₹23.0 Cr, other income ₹112 Cr.

Core profit YoY: -48.9% · reported profit +16.0%

Cash & debt

FY25 cash from operations −₹1,110 Cr: -153% of FY25 net profit of ₹728 Cr.

Borrowings ₹4,299 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,239₹2,119 -5.3% below
Net profit₹60.1₹99.8 +66.2% above
📊 Investor presentation (12 Aug) Detailed financials →

Jain Resource Recycling Limited

JAINREC · Mining & Minerals · Q3 FY26 · Consolidated
M Cap
₹9,957 Cr
P/E
27.6
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +31.3% 2,7752,114
Operating profit +24.3% 199160
OPM % -40 bps 7.2%7.6%
Other income -11.1% 5.46.1
Net profit? +28.1% 12698.6
PAT margin % -12 bps 4.5%4.7%
EPS (₹) +19.6% 3.663.06

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹171 Cr: core business ₹169 Cr, other income ₹5.4 Cr, exceptional & other items −₹3.5 Cr.

📊 Investor presentation (03 Aug) Detailed financials →

Jubilant Ingrevia Limited

JUBLINGREA · Chemicals · Q3 FY26 · Consolidated
M Cap
₹9,897 Cr
P/E
32.2
PEG
—
  • Profit -59% below its own trend
  • Operating margin contracted 109 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -0.5%-6.2% 1,0511,1211,057
Operating profit -8.8%-6.7% 126135138
OPM % -109 bps-5 bps 12.0%12.0%13.1%
Other income to lossto loss -4.011.09.5
Net profit? -32.3%-31.9% 47.069.069.4
PAT margin % -210 bps-168 bps 4.5%6.2%6.6%
EPS (₹) -32.6%-32.6% 2.944.364.36

Quality of profit

Pre-tax profit ₹65.0 Cr: core business ₹69.0 Cr, other income −₹4.0 Cr.

Core profit YoY: -19.9% · reported profit -32.3%

Cash & debt

FY25 cash from operations ₹508 Cr: 202% of FY25 net profit of ₹251 Cr.

Borrowings ₹764 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,102₹1,051 -4.6% in line
Net profit₹116₹47.0 -59.5% below
📊 Investor presentation (22 Jul) Detailed financials →

Elecon Engineering Company Limited

ELECON · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹9,874 Cr
P/E
41.8
PEG
2.99
  • Profit -49% below its own trend
  • Operating margin contracted 717 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.3%-4.6% 552578529
Operating profit -23.4%-13.1% 109126143
OPM % -717 bps-194 bps 19.8%21.7%27.0%
Other income +20.5%+2.9% 18.918.315.6
Net profit? -33.1%-17.9% 72.087.7108
PAT margin % -729 bps-213 bps 13.0%15.2%20.3%
EPS (₹) -33.0%-17.9% 3.213.914.79

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹94.0 Cr: core business ₹75.1 Cr, other income ₹18.9 Cr.

Core profit YoY: -39.2% · reported profit -33.1%

Cash & debt

FY25 cash from operations ₹425 Cr: 102% of FY25 net profit of ₹415 Cr.

Borrowings ₹181 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹632₹552 -12.6% below
Net profit₹140₹72.0 -48.6% below
📊 Investor presentation (10 Jul) Detailed financials →

SBFC Finance Limited

SBFC · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹9,852 Cr
P/E
20.5
PEG
0.47
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +27.9%+3.6% 426411333
Net interest income +27.8%+2.8% 290282227
Other income —— 0.00.00.0
Net profit +34.1%+8.3% 11810988.0
EPS (₹) +33.3%+8.0% 1.081.000.81
Gross NPA % +1 bps-6 bps 2.7%2.8%2.7%
Net NPA % -15 bps-3 bps 1.5%1.5%1.6%

Against its own trend ?

TrendActualGap
NII₹292₹290 -0.7% in line
Net profit₹114₹118 +3.7% in line
📊 Investor presentation (25 Jul) 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