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, 15:50 IST 4316 declared
The next results season has started: 36 companies have filed results for the quarter ended 30 Sep 2026. See them →

Q3 FY26 scoreboard

Sales growth
+15.1%
YoY, 3727 companies combined; median +8.3%
Net profit growth
+14.8%
YoY combined; median +8.9%
Operating margin
14.1%
-25 bps YoY
Grew profit
56%
416 turnarounds, 346 into loss
Vs own profit trend
37% / 48%
above / below, 15% in line
Banks: NII growth
+8.0%
146 lenders; profit +10.5%
Price since results
-9.5%
median; 0% of 1 stocks up
Other-income heavy
1051
25%+ of pre-tax profit from other income & one-offs

1051 matching results 1051

Page 2 of 36

Bharat Dynamics Limited

BDL · Engineering & Capital Goods · Q3 FY26 · Standalone
M Cap
₹39,919 Cr
P/E
76.7
PEG
12.78
  • Profit -65% below its own trend
  • Operating margin contracted 1066 bps YoY
  • 94% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -94%)
  • FY25 operating cash flow was only 30% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -31.9%-50.6% 5671,147832
Operating profit -79.5%-86.1% 26.0188127
OPM % -1066 bps-1176 bps 4.6%16.3%15.2%
Other income +15.1%-19.4% 97.212184.4
Net profit -50.4%-66.2% 72.9216147
PAT margin % -481 bps-595 bps 12.9%18.8%17.7%
EPS (₹) -50.4%-66.2% 1.995.894.01

Quality of profit

Core 6%Other income & one-offs 94%

Pre-tax profit ₹103 Cr: core business ₹6.0 Cr, other income ₹97.2 Cr.

Core profit YoY: -94.5% · reported profit -50.4%

Cash & debt

FY25 cash from operations ₹167 Cr: 30% of FY25 net profit of ₹550 Cr.

Borrowings ₹7.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,441₹567 -60.7% below
Net profit₹210₹72.9 -65.2% below
📊 Investor presentation (10 Jun) Detailed financials →

PTC Industries Limited

PTCIL · Castings & Forgings · Q3 FY26 · Consolidated
M Cap
₹38,553 Cr
P/E
307.6
PEG
5.30
  • Operating margin contracted 678 bps YoY
  • 43% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 23% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +133.1%+25.2% 15612566.9
Operating profit +63.8%-2.8% 25.025.715.3
OPM % -678 bps-462 bps 16.0%20.6%22.8%
Other income -1.8%+22.0% 10.08.210.2
Net profit? +26.4%-0.8% 18.018.114.2
PAT margin % -975 bps-302 bps 11.5%14.6%21.3%
EPS (₹) +28.7%+1.2% 12.2412.109.51

Quality of profit

Core 56%Other income & one-offs 44%

Pre-tax profit ₹23.0 Cr: core business ₹13.0 Cr, other income ₹10.0 Cr.

Core profit YoY: +46.3% · reported profit +26.4%

Cash & debt

FY25 cash from operations ₹14.0 Cr: 23% of FY25 net profit of ₹61.0 Cr.

Borrowings ₹61.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹114₹156 +36.5% above
Net profit₹19.2₹18.0 -6.1% in line
Detailed financials →

Thermax Limited

THERMAX · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹37,270 Cr
P/E
63.1
PEG
4.51
  • Profit +112% above its own trend
  • Operating margin expanded 214 bps YoY
  • 42% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹58.8 Cr in the quarter
  • Profit grew faster than the core business (core profit +34%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +5.1%+6.5% 2,6352,4742,508
Operating profit +34.8%+48.1% 255172189
OPM % +214 bps+272 bps 9.7%7.0%7.5%
Other income +99.1%-26.6% 62.785.431.5
Net profit? +80.3%+71.7% 205119114
PAT margin % +325 bps+295 bps 7.8%4.8%4.5%
EPS (₹) +76.1%+70.6% 18.1210.6210.29

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹289 Cr: core business ₹167 Cr, other income ₹62.7 Cr, exceptional & other items ₹58.6 Cr.

Core profit YoY: +33.6% · reported profit +80.3%

Cash & debt

FY25 cash from operations ₹1,043 Cr: 166% of FY25 net profit of ₹627 Cr.

Borrowings ₹1,718 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,587₹2,635 +1.8% in line
Net profit₹96.6₹205 +112.2% above
📊 Investor presentation (31 Jul) Detailed financials →

AIA Engineering Limited

AIAENG · Castings & Forgings · Q3 FY26 · Consolidated
M Cap
₹34,959 Cr
P/E
27.6
PEG
3.95
  • 35% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.1%+1.8% 1,0671,0481,066
Operating profit +2.6%-2.2% 290297283
OPM % +68 bps-111 bps 27.2%28.3%26.5%
Other income +88.0%+37.1% 13598.772.0
Net profit? +13.1%+5.6% 293277259
PAT margin % +316 bps+98 bps 27.5%26.5%24.3%
EPS (₹) +13.5%+6.1% 31.5429.7327.78

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹378 Cr: core business ₹246 Cr, other income ₹135 Cr, exceptional & other items −₹3.5 Cr.

Core profit YoY: -3.9% · reported profit +13.1%

Cash & debt

FY25 cash from operations ₹1,162 Cr: 110% of FY25 net profit of ₹1,059 Cr.

Borrowings ₹491 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,071₹1,067 -0.4% in line
Net profit₹282₹293 +3.9% in line
📊 Investor presentation (12 Aug) Detailed financials →

NLC India Limited

NLCINDIA · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹33,917 Cr
P/E
10.1
PEG
0.63
  • Profit -48% below its own trend
  • Operating margin expanded 673 bps YoY
  • 43% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +39%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.7%+1.7% 4,4434,3694,411
Operating profit +29.6%-15.5% 1,3441,5901,038
OPM % +673 bps-614 bps 30.3%36.4%23.5%
Other income -25.2%+116.3% 364168486
Net profit? +4.0%-0.1% 724725696
PAT margin % +52 bps-30 bps 16.3%16.6%15.8%
EPS (₹) +4.0%-0.2% 5.225.235.02

Quality of profit

Core 57%Other income & one-offs 43%

Pre-tax profit ₹843 Cr: core business ₹479 Cr, other income ₹364 Cr.

Core profit YoY: +39.4% · reported profit +4.0%

Cash & debt

FY25 cash from operations ₹8,977 Cr: 331% of FY25 net profit of ₹2,714 Cr.

Borrowings ₹22,429 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,134₹4,443 -13.5% below
Net profit₹1,392₹724 -48.0% below
📊 Investor presentation (27 May) Detailed financials →

Hexaware Technologies Limited

HEXT · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹33,529 Cr
P/E
25.0
PEG
—
  • Operating margin contracted 468 bps YoY
  • 31% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-111 Cr in the quarter
  • Profit grew faster than the core business (core profit -43%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.3%-0.2% 3,4783,4843,154
Operating profit -22.9%-38.2% 378612490
OPM % -468 bps-669 bps 10.9%17.6%15.5%
Other income +805.1%— 214—23.6
Net profit? -9.1%-21.2% 292370321
PAT margin % -178 bps-223 bps 8.4%10.6%10.2%
EPS (₹) -8.8%-21.3% 4.796.095.25

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹326 Cr: core business ₹223 Cr, other income ₹214 Cr, exceptional & other items −₹111 Cr.

Core profit YoY: -43.3% · reported profit -9.1%

📊 Investor presentation (21 Aug) Detailed financials →

Godrej Industries Limited

GODREJIND · Chemicals · Q3 FY26 · Consolidated
M Cap
₹33,207 Cr
P/E
15.0
PEG
1.07
  • Operating margin contracted 160 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹-63.8 Cr in the quarter
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.7%+0.4% 5,0515,0324,825
Operating profit -8.8%+306.4% 544134597
OPM % -160 bps+811 bps 10.8%2.7%12.4%
Other income +100.7%-48.6% 6461,258322
Net profit? +12.9%-28.5% 353493312
PAT margin % +51 bps-281 bps 7.0%9.8%6.5%
EPS (₹) +8.6%-15.7% 6.077.205.59

Quality of profit

Pre-tax profit ₹486 Cr: core business −₹208 Cr, other income ₹646 Cr, exceptional & other items ₹47.6 Cr.

Core profit YoY: loss widened · reported profit +12.9%

Cash & debt

FY25 cash from operations −₹5,151 Cr: -277% of FY25 net profit of ₹1,858 Cr.

Borrowings ₹38,088 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,586₹5,051 -9.6% below
Net profit₹354₹353 -0.3% in line
Detailed financials →

Cochin Shipyard Limited

COCHINSHIP · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹32,412 Cr
P/E
47.7
PEG
1.19
  • Operating margin contracted 684 bps YoY
  • 36% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +17.6%+20.7% 1,3501,1191,148
Operating profit -21.2%+153.9% 18773.7237
OPM % -684 bps+727 bps 13.9%6.6%20.7%
Other income +51.8%-44.2% 71.012746.8
Net profit? -18.1%+34.8% 145108177
PAT margin % -468 bps+113 bps 10.7%9.6%15.4%
EPS (₹) -18.3%+34.5% 5.504.096.73

Quality of profit

Core 64%Other income & one-offs 36%

Pre-tax profit ₹197 Cr: core business ₹126 Cr, other income ₹71.0 Cr.

Core profit YoY: -35.4% · reported profit -18.1%

Cash & debt

FY25 cash from operations −₹297 Cr: -36% of FY25 net profit of ₹827 Cr.

Borrowings ₹560 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,408₹1,350 -4.1% in line
Net profit₹159₹145 -9.1% in line
📊 Investor presentation (10 Sep) Detailed financials →

PI Industries Limited

PIIND · Pesticides & Agrochemicals · Q3 FY26 · Consolidated
M Cap
₹32,336 Cr
P/E
24.5
PEG
—
  • Operating margin contracted 499 bps YoY
  • 47% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -53%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -27.6%-26.5% 1,3761,8721,901
Operating profit -41.0%-44.2% 302541512
OPM % -499 bps-696 bps 21.9%28.9%26.9%
Other income +126.6%+108.5% 17282.575.9
Net profit? -16.6%-24.0% 311409373
PAT margin % +299 bps+74 bps 22.6%21.9%19.6%
EPS (₹) -16.4%-23.9% 20.5226.9824.55

Quality of profit

Core 53%Other income & one-offs 47%

Pre-tax profit ₹363 Cr: core business ₹191 Cr, other income ₹172 Cr.

Core profit YoY: -52.8% · reported profit -16.6%

Cash & debt

FY25 cash from operations ₹1,413 Cr: 85% of FY25 net profit of ₹1,660 Cr.

Borrowings ₹184 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,825₹1,376 -24.6% below
Net profit₹321₹311 -3.1% in line
📊 Investor presentation (11 Aug) Detailed financials →

Wockhardt Limited

WOCKPHARMA · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹31,900 Cr
P/E
90.4
PEG
2.10
  • Operating margin contracted 1163 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -36.6%-41.6% 457782721
Operating profit -78.1%-84.3% 28.0178128
OPM % -1163 bps-1664 bps 6.1%22.8%17.8%
Other income +87.5%-28.6% 15.021.08.0
Net profit? +40.0%-48.1% 28.054.020.0
PAT margin % +335 bps-78 bps 6.1%6.9%2.8%
EPS (₹) +298.9%-24.4% 3.634.800.91

Quality of profit

Pre-tax profit ₹28.0 Cr: core business −₹97.0 Cr, other income ₹15.0 Cr, exceptional & other items ₹110 Cr.

Core profit YoY: to loss · reported profit +40.0%

Cash & debt

FY25 cash from operations −₹22.0 Cr.

Borrowings ₹2,021 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹731₹457 -37.5% below
📊 Investor presentation (04 Jun) Detailed financials →

Delhivery Limited

DELHIVERY · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹30,882 Cr
P/E
332.1
PEG
11.07
  • Profit -17% below its own trend
  • Operating margin expanded 314 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹-27.4 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +17.9%+9.6% 2,8052,5592,378
Operating profit +103.8%+206.3% 20968.2102
OPM % +314 bps+478 bps 7.4%2.7%4.3%
Other income -21.8%-16.4% 77.192.298.7
Net profit? +58.4%from loss 39.6-50.525.0
PAT margin % +36 bps+338 bps 1.4%-2.0%1.1%
EPS (₹) +55.9%from loss 0.53-0.680.34

Quality of profit

Pre-tax profit ₹36.7 Cr: core business −₹15.0 Cr, other income ₹77.1 Cr, exceptional & other items −₹25.4 Cr.

Core profit YoY: loss narrowed · reported profit +58.4%

Cash & debt

FY25 cash from operations ₹567 Cr: 350% of FY25 net profit of ₹162 Cr.

Borrowings ₹1,422 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,545₹2,805 +10.2% above
Net profit₹47.6₹39.6 -16.8% below
📊 Investor presentation (08 Aug) Detailed financials →

The New India Assurance Company Limited

NIACL · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹30,821 Cr
P/E
40.0
PEG
0.40
  • Profit +25% above its own trend
  • 45% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +110%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.8%-10.3% 12,06913,45010,703
Operating profit +110.2%from loss 206-74.098.0
OPM % +79 bps+226 bps 1.7%-0.6%0.9%
Other income —+69.4% 16698.09.0
Net profit? +8.9%+590.9% 38055.0349
PAT margin % -11 bps+274 bps 3.1%0.4%3.3%
EPS (₹) +9.0%+600.0% 2.310.332.12

Quality of profit

Core 55%Other income & one-offs 45%

Pre-tax profit ₹372 Cr: core business ₹206 Cr, other income ₹166 Cr.

Core profit YoY: +110.2% · reported profit +8.9%

Cash & debt

FY25 cash from operations −₹3,390 Cr: -326% of FY25 net profit of ₹1,039 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹11,361₹12,069 +6.2% above
Net profit₹304₹380 +25.0% above
📊 Investor presentation (24 Jul) Detailed financials →

Acme Solar Holdings Limited

ACMESOLAR · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹29,576 Cr
P/E
49.1
PEG
0.33
  • Profit -49% below its own trend
  • Operating margin expanded 132 bps YoY
  • 77% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -38%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +42.4%+6.2% 497468349
Operating profit +44.5%+11.0% 444400307
OPM % +132 bps+387 bps 89.3%85.5%88.0%
Other income +131.6%-13.0% 12013851.8
Net profit? +1.7%-0.9% 114115112
PAT margin % -917 bps-164 bps 22.9%24.6%32.1%
EPS (₹) -10.0%-1.1% 1.881.902.09

Quality of profit

Core 23%Other income & one-offs 77%

Pre-tax profit ₹156 Cr: core business ₹36.0 Cr, other income ₹120 Cr.

Core profit YoY: -38.4% · reported profit +1.7%

Cash & debt

FY25 cash from operations ₹1,543 Cr: 616% of FY25 net profit of ₹250 Cr.

Borrowings ₹10,976 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹576₹497 -13.7% below
Net profit₹224₹114 -49.1% below
📊 Investor presentation (30 Jul) Detailed financials →

Piramal Pharma Limited

PPLPHARMA · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹26,058 Cr
P/E
105.5
PEG
—
  • Profit -46% below its own trend
  • Operating margin contracted 618 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -2.9%+4.7% 2,1402,0442,204
Operating profit -42.0%+23.3% 196159338
OPM % -618 bps+138 bps 9.2%7.8%15.3%
Other income -57.3%-84.5% 12.480.029.0
Net profit? +8.5%-34.3% 129196119
PAT margin % +63 bps-358 bps 6.0%9.6%5.4%
EPS (₹) to lossloss widened -1.02-0.750.03

Quality of profit

Pre-tax profit ₹155 Cr: core business −₹106 Cr, other income ₹12.4 Cr, exceptional & other items ₹249 Cr.

Core profit YoY: to loss · reported profit +8.5%

Cash & debt

FY25 cash from operations ₹892 Cr: 129% of FY25 net profit of ₹691 Cr.

Borrowings ₹4,856 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,282₹2,140 -6.2% below
Net profit₹238₹129 -45.7% below
📊 Investor presentation (29 Jul) Detailed financials →

Sun TV Network Limited

SUNTV · Media & Entertainment · Q3 FY26 · Consolidated
M Cap
₹24,780 Cr
P/E
16.2
PEG
—
  • Operating margin contracted 495 bps YoY
  • 30% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.1%-33.7% 8621,300828
Operating profit -5.5%-46.5% 420784444
OPM % -495 bps-1168 bps 48.7%60.3%53.6%
Other income -6.1%-2.0% 137140146
Net profit? -10.7%-8.6% 324355363
PAT margin % -622 bps+1033 bps 37.6%27.3%43.8%
EPS (₹) -10.6%-8.6% 8.239.009.21

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹436 Cr: core business ₹304 Cr, other income ₹137 Cr, exceptional & other items −₹4.6 Cr.

Core profit YoY: -7.2% · reported profit -10.7%

Cash & debt

FY25 cash from operations ₹1,663 Cr: 98% of FY25 net profit of ₹1,704 Cr.

Borrowings ₹124 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹812₹862 +6.2% above
Net profit₹320₹324 +1.4% in line
Detailed financials →

Garden Reach Shipbuilders & Engineers Limited

GRSE · Miscellaneous · Q3 FY26 · Standalone
M Cap
₹23,849 Cr
P/E
29.8
PEG
0.60
  • Profit +18% above its own trend
  • Operating margin expanded 317 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +152%)
  • FY25 operating cash flow was only 3% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +49.2%+13.1% 1,8961,6771,271
Operating profit +129.3%+10.3% 17215675.0
OPM % +317 bps-23 bps 9.1%9.3%5.9%
Other income -13.9%-10.1% 62.069.072.0
Net profit +74.5%+11.0% 17115498.0
PAT margin % +131 bps-16 bps 9.0%9.2%7.7%
EPS (₹) +74.0%+11.0% 14.9113.438.57

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹218 Cr: core business ₹156 Cr, other income ₹62.0 Cr.

Core profit YoY: +151.6% · reported profit +74.5%

Cash & debt

FY25 cash from operations ₹16.0 Cr: 3% of FY25 net profit of ₹527 Cr.

Borrowings ₹10.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,799₹1,896 +5.4% above
Net profit₹145₹171 +18.3% above
Detailed financials →

AWL Agri Business Limited

AWL · Edible Oils · Q3 FY26 · Consolidated
M Cap
₹23,688 Cr
P/E
20.4
PEG
0.93
  • Profit -35% below its own trend
  • Operating margin contracted 173 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.5%+5.7% 18,60317,60516,839
Operating profit -30.2%-19.6% 553688792
OPM % -173 bps-94 bps 3.0%3.9%4.7%
Other income +58.2%from loss 106-79.067.0
Net profit? -34.5%+9.8% 269245411
PAT margin % -99 bps+5 bps 1.4%1.4%2.4%
EPS (₹) -34.5%+10.1% 2.071.883.16

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹363 Cr: core business ₹257 Cr, other income ₹106 Cr.

Core profit YoY: -46.5% · reported profit -34.5%

Cash & debt

FY25 cash from operations ₹2,150 Cr: 175% of FY25 net profit of ₹1,226 Cr.

Borrowings ₹1,937 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹21,303₹18,603 -12.7% below
Net profit₹412₹269 -34.7% below
📊 Investor presentation (30 Jul) Detailed financials →

KIOCL Limited

KIOCL · Mining & Minerals · Q3 FY26 · Standalone
M Cap
₹22,897 Cr
P/E
594.9
PEG
20.51
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 3074 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -11.6%+12.0% 160143181
Operating profit from lossfrom loss 10.6-21.6-43.5
OPM % +3074 bps+2181 bps 6.7%-15.1%-24.1%
Other income +47.5%-12.2% 15.717.910.7
Net profit from lossfrom loss 18.1-17.2-47.8
PAT margin % +3783 bps+2339 bps 11.4%-12.0%-26.5%
EPS (₹) from lossfrom loss 0.30-0.28-0.79

Quality of profit

Pre-tax profit ₹13.1 Cr: core business −₹2.6 Cr, other income ₹15.7 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹343 Cr.

Borrowings ₹193 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹115₹160 +38.2% above
Detailed financials →

FORCE MOTORS LTD

FORCEMOT · Commercial Vehicles · Q3 FY26 · Consolidated
M Cap
₹22,413 Cr
P/E
17.9
PEG
0.08
  • Profit +76% above its own trend
  • Operating margin expanded 531 bps YoY
  • 45% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹211 Cr in the quarter
  • Profit grew faster than the core business (core profit +92%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.7%+2.3% 2,1292,0811,889
Operating profit +61.4%+3.1% 374363232
OPM % +531 bps+14 bps 17.6%17.4%12.3%
Other income +34.8%+5.7% 27.125.620.1
Net profit? +252.1%+15.8% 406351115
PAT margin % +1298 bps+223 bps 19.1%16.8%6.1%
EPS (₹) +252.2%+15.8% 308.22266.1487.52

Quality of profit

Core 56%Other income & one-offs 44%

Pre-tax profit ₹543 Cr: core business ₹301 Cr, other income ₹27.1 Cr, exceptional & other items ₹214 Cr.

Core profit YoY: +91.7% · reported profit +252.1%

Cash & debt

FY25 cash from operations ₹971 Cr: 121% of FY25 net profit of ₹801 Cr.

Borrowings ₹17.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,162₹2,129 -1.5% in line
Net profit₹231₹406 +76.1% above
Detailed financials →

Finolex Cables Limited

FINCABLES · Cables & Wires · Q3 FY26 · Consolidated
M Cap
₹21,997 Cr
P/E
27.5
PEG
2.29
  • Profit +11% above its own trend
  • Operating margin contracted 177 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 30% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +35.3%+16.2% 1,5991,3761,182
Operating profit +14.7%+9.0% 158145138
OPM % -177 bps-66 bps 9.9%10.5%11.7%
Other income +10.5%-2.6% 74.076.066.9
Net profit? +11.4%+0.6% 164163147
PAT margin % -220 bps-159 bps 10.3%11.8%12.5%
EPS (₹) +11.4%+0.9% 10.7310.639.63

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹216 Cr: core business ₹143 Cr, other income ₹74.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +13.8% · reported profit +11.4%

Cash & debt

FY25 cash from operations ₹207 Cr: 30% of FY25 net profit of ₹701 Cr.

Borrowings ₹20.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,270₹1,599 +25.9% above
Net profit₹148₹164 +11.1% above
📊 Investor presentation (13 Aug) Detailed financials →

The Great Eastern Shipping Company Limited

GESHIP · Shipping & Ports · Q3 FY26 · Consolidated
M Cap
₹21,982 Cr
P/E
7.5
PEG
1.25
  • Profit +68% above its own trend
  • Operating margin expanded 805 bps YoY
  • 33% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +64%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +17.6%+17.1% 1,4541,2421,237
Operating profit +36.8%+14.8% 836728611
OPM % +805 bps-116 bps 57.5%58.6%49.4%
Other income +6.9%+101.5% 282140264
Net profit? +36.9%+39.8% 813581594
PAT margin % +787 bps+909 bps 55.9%46.8%48.0%
EPS (₹) +36.9%+39.8% 56.9140.7241.58

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹847 Cr: core business ₹564 Cr, other income ₹282 Cr.

Core profit YoY: +64.0% · reported profit +36.9%

Cash & debt

FY25 cash from operations ₹2,647 Cr: 113% of FY25 net profit of ₹2,345 Cr.

Borrowings ₹2,163 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,072₹1,454 +35.6% above
Net profit₹484₹813 +67.9% above
📊 Investor presentation (04 Aug) Detailed financials →

Kaynes Technology India Limited

KAYNES · Electronic Components · Q3 FY26 · Consolidated
M Cap
₹21,660 Cr
P/E
62.7
PEG
1.10
  • Profit -21% below its own trend
  • 36% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +21.6%-11.3% 804906661
Operating profit +26.9%-19.4% 11914894.0
OPM % +62 bps-149 bps 14.8%16.3%14.2%
Other income +79.2%+4.0% 44.843.125.0
Net profit? +16.1%-36.9% 76.612166.0
PAT margin % -45 bps-387 bps 9.5%13.4%10.0%
EPS (₹) +9.2%-38.9% 11.3418.5610.38

Quality of profit

Core 64%Other income & one-offs 36%

Pre-tax profit ₹116 Cr: core business ₹74.0 Cr, other income ₹44.8 Cr, exceptional & other items −₹2.5 Cr.

Core profit YoY: +32.2% · reported profit +16.1%

Cash & debt

FY25 cash from operations −₹82.0 Cr: -28% of FY25 net profit of ₹293 Cr.

Borrowings ₹903 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹952₹804 -15.6% below
Net profit₹96.5₹76.6 -20.6% below
📊 Investor presentation (07 Aug) Detailed financials →

SJVN Limited

SJVN · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹21,441 Cr
P/E
33.6
PEG
—
  • Profit +130% above its own trend
  • Operating margin expanded 347 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +198%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +73.1%+4.8% 1,0821,032625
Operating profit +81.9%-10.1% 773860425
OPM % +347 bps-1186 bps 71.4%83.3%68.0%
Other income -41.0%-44.3% 44.079.074.6
Net profit? +61.1%-27.1% 224308139
PAT margin % -155 bps-908 bps 20.7%29.8%22.3%
EPS (₹) +62.9%-26.9% 0.570.780.35

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹421 Cr: core business ₹312 Cr, other income ₹44.0 Cr, exceptional & other items ₹65.0 Cr.

Core profit YoY: +198.3% · reported profit +61.1%

Cash & debt

FY25 cash from operations ₹2,483 Cr: 307% of FY25 net profit of ₹809 Cr.

Borrowings ₹27,025 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹679₹1,082 +59.3% above
Net profit₹97.4₹224 +130.3% above
Detailed financials →

NBCC (India) Limited

NBCC · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹20,498 Cr
P/E
26.8
PEG
1.34
  • Profit +10% above its own trend
  • Operating margin contracted 128 bps YoY
  • 58% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹80.2 Cr in the quarter
  • Profit grew faster than the core business (core profit -22%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.9%+3.9% 3,0222,9102,827
Operating profit -20.3%+12.7% 114101142
OPM % -128 bps+30 bps 3.8%3.5%5.0%
Other income +30.6%-32.5% 72.310755.3
Net profit? +38.5%+25.9% 197157142
PAT margin % +149 bps+114 bps 6.5%5.4%5.0%
EPS (₹) +39.2%+24.6% 0.710.570.51

Quality of profit

Core 42%Other income & one-offs 58%

Pre-tax profit ₹263 Cr: core business ₹110 Cr, other income ₹72.3 Cr, exceptional & other items ₹80.2 Cr.

Core profit YoY: -21.6% · reported profit +38.5%

Cash & debt

FY25 cash from operations ₹657 Cr: 118% of FY25 net profit of ₹557 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,298₹3,022 -8.4% below
Net profit₹179₹197 +10.2% above
📊 Investor presentation (11 Aug) Detailed financials →

Anant Raj Limited

ANANTRAJ · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹20,497 Cr
P/E
45.6
PEG
0.84
  • Profit -35% below its own trend
  • Operating margin contracted 512 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 26% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -30.0%-40.7% 374631535
Operating profit -44.4%-55.8% 74.3168134
OPM % -512 bps-676 bps 19.9%26.6%25.0%
Other income +190.0%+170.6% 27.110.09.3
Net profit? -29.7%+4.5% 77.574.2110
PAT margin % +8 bps+897 bps 20.7%11.8%20.6%
EPS (₹) -31.0%-44.5% 2.234.023.23

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹94.6 Cr: core business ₹67.5 Cr, other income ₹27.1 Cr.

Core profit YoY: -44.9% · reported profit -29.7%

Cash & debt

FY25 cash from operations ₹97.0 Cr: 26% of FY25 net profit of ₹372 Cr.

Borrowings ₹482 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹665₹374 -43.7% below
Net profit₹119₹77.5 -34.9% below
📊 Investor presentation (11 Aug) Detailed financials →

Indraprastha Gas Limited

IGL · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹20,114 Cr
P/E
14.9
PEG
—
  • Profit +54% above its own trend
  • Operating margin expanded 172 bps YoY
  • 33% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.3%+1.0% 4,4894,4464,146
Operating profit +29.5%+6.7% 471441364
OPM % +172 bps+57 bps 10.5%9.9%8.8%
Other income -30.7%-6.0% 89.294.9129
Net profit? +37.2%+1.8% 392385286
PAT margin % +184 bps+7 bps 8.7%8.7%6.9%
EPS (₹) +37.7%+1.8% 2.812.76adj. 2.04

EPS restated for the 1:1 bonus of Jan 2025: Dec 2024 ₹4.08 to ₹2.04.

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹503 Cr: core business ₹336 Cr, other income ₹89.2 Cr, exceptional & other items ₹77.6 Cr.

Core profit YoY: +40.2% · reported profit +37.2%

Cash & debt

FY25 cash from operations ₹2,199 Cr: 133% of FY25 net profit of ₹1,650 Cr.

Borrowings ₹93.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,525₹4,489 -0.8% in line
Net profit₹255₹392 +53.8% above
Detailed financials →

The Ramco Cements Limited

RAMCOCEM · Cement · Q3 FY26 · Consolidated
M Cap
₹19,018 Cr
P/E
29.5
PEG
—
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹479 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.2%-5.9% 2,1062,2391,983
Operating profit +0.4%-27.8% 280388279
OPM % -77 bps-403 bps 13.3%17.3%14.1%
Other income +149.2%— 4967.0199
Net profit? +111.4%+398.6% 38677.3182
PAT margin % +911 bps+1485 bps 18.3%3.5%9.2%
EPS (₹) +114.0%+398.8% 16.313.277.62

Quality of profit

Pre-tax profit ₹483 Cr: core business −₹13.0 Cr, other income ₹496 Cr.

Core profit YoY: loss widened · reported profit +111.4%

Cash & debt

FY25 cash from operations ₹1,399 Cr: 513% of FY25 net profit of ₹273 Cr.

Borrowings ₹4,675 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,913₹2,106 +10.1% above
Net profit₹365₹386 +5.7% in line
Detailed financials →

Brigade Enterprises Limited

BRIGADE · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹18,852 Cr
P/E
24.0
PEG
0.69
  • Profit -49% below its own trend
  • Operating margin contracted 728 bps YoY
  • 40% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-19.1 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +7.6%+13.9% 1,5751,3831,464
Operating profit -20.1%+31.6% 331251414
OPM % -728 bps+284 bps 21.0%18.2%28.3%
Other income -27.3%+2.8% 47.846.565.7
Net profit? -12.7%+21.2% 206170236
PAT margin % -304 bps+79 bps 13.1%12.3%16.1%
EPS (₹) -21.1%+14.7% 7.636.659.67

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹270 Cr: core business ₹161 Cr, other income ₹47.8 Cr, exceptional & other items ₹60.9 Cr.

Core profit YoY: -28.0% · reported profit -12.7%

Cash & debt

FY25 cash from operations ₹995 Cr: 146% of FY25 net profit of ₹681 Cr.

Borrowings ₹5,464 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,783₹1,575 -11.7% below
Net profit₹405₹206 -49.1% below
📊 Investor presentation (13 Aug) Detailed financials →

SIGMA ADVANCED SYSTEMS LIMITED

SIGMAADV · Aerospace & Defence · Q3 FY26 · Consolidated
M Cap
₹18,265 Cr
P/E
109.8
PEG
—
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹-9.1 Cr in the quarter
₹ CrQoQ Dec 2025Sep 2025
Sales +709.5% 14618.0
Operating profit +573.6% 6.71.0
OPM % -93 bps 4.6%5.6%
Other income +242.8% 13.74.0
Net profit? to loss -1.04.0
PAT margin % -2293 bps -0.7%22.2%
EPS (₹) to loss -0.140.57

Quality of profit

Pre-tax profit ₹0.1 Cr: core business −₹4.5 Cr, other income ₹13.7 Cr, exceptional & other items −₹9.1 Cr.

Detailed financials →

CESC Limited

CESC · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹18,064 Cr
P/E
12.6
PEG
2.11
  • Operating margin expanded 232 bps YoY
  • 67% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.5%-24.0% 4,0055,2673,561
Operating profit +27.7%-26.6% 7791,061610
OPM % +232 bps-69 bps 19.5%20.1%17.1%
Other income -35.1%+69.1% 257152396
Net profit? +7.8%-31.7% 304445282
PAT margin % -33 bps-86 bps 7.6%8.4%7.9%
EPS (₹) +7.5%-33.0% 2.153.212.00

Quality of profit

Core 33%Other income & one-offs 67%

Pre-tax profit ₹385 Cr: core business ₹128 Cr, other income ₹257 Cr.

Core profit YoY: from loss · reported profit +7.8%

Cash & debt

FY25 cash from operations ₹2,582 Cr: 203% of FY25 net profit of ₹1,273 Cr.

Borrowings ₹17,978 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,993₹4,005 +0.3% in line
Net profit₹279₹304 +9.0% in line
📊 Investor presentation (18 Sep) 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