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 21 of 144

SML Mahindra Limited

SMLMAH · Commercial Vehicles · Q3 FY26 · Standalone
M Cap
₹8,931 Cr
P/E
57.0
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales -2.9% 539555
Operating profit -2.4% 41.042.0
OPM % +4 bps 7.6%7.6%
Other income +0.0% 2.02.0
Net profit -14.3% 18.021.0
PAT margin % -44 bps 3.3%3.8%
EPS (₹) -16.7% 12.1214.55

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹24.0 Cr: core business ₹22.0 Cr, other income ₹2.0 Cr.

📊 Investor presentation (29 Jul) Detailed financials →

TSF INVESTMENTS LIMITED

TSFINV · Investment & Holding Companies · Q3 FY26 · Consolidated
M Cap
₹8,899 Cr
P/E
17.9
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +3.2% 258250
Operating profit -2.0% 49.050.0
OPM % -101 bps 19.0%20.0%
Other income -50.0% 2.04.0
Net profit? +1.9% 105103
PAT margin % -50 bps 40.7%41.2%
EPS (₹) +2.7% 4.644.52

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹40.0 Cr: core business ₹38.0 Cr, other income ₹2.0 Cr.

Detailed financials →

Aditya Birla Lifestyle Brands Limited

ABLBL · Retail · Q3 FY26 · Consolidated
M Cap
₹8,889 Cr
P/E
50.4
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +15.0% 2,3432,038
Operating profit +30.1% 412317
OPM % +204 bps 17.6%15.5%
Other income to loss -22.021.1
Net profit? +194.4% 69.023.4
PAT margin % +179 bps 2.9%1.2%
EPS (₹) +200.0% 0.570.19

Quality of profit

Pre-tax profit ₹91.0 Cr: core business ₹113 Cr, other income −₹22.0 Cr.

📊 Investor presentation (01 Aug) Detailed financials →

Indo Count Industries Limited

ICIL · Textiles · Q3 FY26 · Consolidated
M Cap
₹8,878 Cr
P/E
59.1
PEG
—
  • Profit -55% below its own trend
  • Operating margin contracted 628 bps YoY
  • 35% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -4.4%+0.1% 1,0631,0621,112
Operating profit -44.8%-12.2% 91.0104165
OPM % -628 bps-120 bps 8.6%9.8%14.8%
Other income -20.9%-43.4% 11.019.413.9
Net profit? -77.5%-38.5% 24.039.0107
PAT margin % -735 bps-142 bps 2.3%3.7%9.6%
EPS (₹) -77.2%-37.6% 1.231.975.40

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹34.0 Cr: core business ₹22.0 Cr, other income ₹11.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -83.4% · reported profit -77.5%

Cash & debt

FY25 cash from operations ₹394 Cr: 143% of FY25 net profit of ₹276 Cr.

Borrowings ₹1,449 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,137₹1,063 -6.5% below
Net profit₹53.4₹24.0 -55.1% below
📊 Investor presentation (12 Aug) Detailed financials →

AXISCADES Technologies Limited

AXISCADES · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹8,876 Cr
P/E
—
PEG
—
  • Operating margin expanded 265 bps YoY
  • Exceptional items of ₹-7.8 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +25.0%+14.8% 343299275
Operating profit +47.5%+32.7% 59.644.940.4
OPM % +265 bps+235 bps 17.4%15.0%14.7%
Other income +129.2%-67.2% 1.95.90.8
Net profit? +87.4%+19.6% 27.723.114.8
PAT margin % +268 bps+33 bps 8.1%7.7%5.4%
EPS (₹) +86.8%+20.3% 6.525.423.49

Quality of profit

Pre-tax profit ₹38.8 Cr: core business ₹44.7 Cr, other income ₹1.9 Cr, exceptional & other items −₹7.8 Cr.

Core profit YoY: +100.6% · reported profit +87.4%

Cash & debt

FY25 cash from operations ₹88.0 Cr: 117% of FY25 net profit of ₹75.3 Cr.

Borrowings ₹258 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹305₹343 +12.6% above
Net profit₹28.4₹27.7 -2.5% in line
📊 Investor presentation (13 Aug) Detailed financials →

Time Technoplast Limited

TIMETECHNO · Plastic Products · Q3 FY26 · Consolidated
M Cap
₹8,859 Cr
P/E
17.8
PEG
0.61
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.8%+3.6% 1,5651,5111,388
Operating profit +16.4%+4.8% 234223201
OPM % +46 bps+18 bps 14.9%14.7%14.5%
Other income +44.0%+110.1% 2.31.11.6
Net profit? +25.5%+9.6% 129117102
PAT margin % +84 bps+46 bps 8.2%7.8%7.4%
EPS (₹) +23.9%+8.3% 2.752.54adj. 2.22

EPS restated for the 1:1 bonus of Sep 2025: Dec 2024 ₹4.44 to ₹2.22.

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹171 Cr: core business ₹169 Cr, other income ₹2.3 Cr.

Core profit YoY: +24.8% · reported profit +25.5%

Cash & debt

FY25 cash from operations ₹431 Cr: 109% of FY25 net profit of ₹394 Cr.

Borrowings ₹732 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,494₹1,565 +4.7% in line
Net profit₹121₹129 +6.3% in line
📊 Investor presentation (05 Aug) Detailed financials →

Lemon Tree Hotels Limited

LEMONTREE · Hotels & Resorts · Q3 FY26 · Consolidated
M Cap
₹8,858 Cr
P/E
30.8
PEG
1.06
  • Profit -34% below its own trend
  • Operating margin contracted 134 bps YoY
  • Exceptional items of ₹-18.8 Cr in the quarter
  • Core business grew faster than reported profit (core profit +30%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +14.4%+32.6% 406306355
Operating profit +11.4%+56.8% 205131184
OPM % -134 bps+781 bps 50.5%42.7%51.8%
Other income to lossto loss -30.04.51.0
Net profit? +2.5%+95.5% 82.041.980.0
PAT margin % -234 bps+651 bps 20.2%13.7%22.5%
EPS (₹) +0.0%+79.5% 0.790.440.79

Quality of profit

Pre-tax profit ₹99.0 Cr: core business ₹129 Cr, other income −₹30.0 Cr.

Core profit YoY: +30.3% · reported profit +2.5%

Cash & debt

FY25 cash from operations ₹542 Cr: 223% of FY25 net profit of ₹243 Cr.

Borrowings ₹2,148 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹414₹406 -2.0% in line
Net profit₹125₹82.0 -34.2% below
📊 Investor presentation (07 Aug) Detailed financials →

P N Gadgil Jewellers Limited

PNGJL · Gems & Jewellery · Q3 FY26 · Consolidated
M Cap
₹8,791 Cr
P/E
19.7
PEG
0.26
  • Profit +15% above its own trend
  • Operating margin expanded 234 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +35.6%+51.7% 3,3032,1782,436
Operating profit +98.4%+127.8% 244107123
OPM % +234 bps+247 bps 7.4%4.9%5.0%
Other income +242.9%-33.0% 24.035.87.0
Net profit? +98.8%+115.6% 17179.386.0
PAT margin % +165 bps+153 bps 5.2%3.6%3.5%
EPS (₹) +98.6%+115.6% 12.595.846.34

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹228 Cr: core business ₹204 Cr, other income ₹24.0 Cr.

Core profit YoY: +87.2% · reported profit +98.8%

Cash & debt

FY25 cash from operations −₹675 Cr: -310% of FY25 net profit of ₹218 Cr.

Borrowings ₹930 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,605₹3,303 +26.8% above
Net profit₹149₹171 +15.1% above
📊 Investor presentation (27 Jul) Detailed financials →

Procter & Gamble Health Limited

PGHL · Pharmaceuticals · Q3 FY26 · Standalone
M Cap
₹8,790 Cr
P/E
24.5
PEG
1.29
  • Profit -33% below its own trend
  • Operating margin contracted 1027 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +20.6%+15.1% 374325310
Operating profit -10.6%-8.3% 110120123
OPM % -1027 bps-751 bps 29.4%36.9%39.7%
Other income +0.0%-20.0% 4.05.04.0
Net profit -14.3%-12.4% 78.089.091.0
PAT margin % -850 bps-653 bps 20.9%27.4%29.4%
EPS (₹) -14.6%-12.4% 46.7453.3454.76

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹109 Cr: core business ₹104 Cr, other income ₹4.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -11.1% · reported profit -14.3%

Cash & debt

FY25 cash from operations ₹169 Cr: 67% of FY25 net profit of ₹251 Cr.

Borrowings ₹8.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹346₹374 +8.1% above
Net profit₹117₹78.0 -33.1% below
📊 Investor presentation (18 Jun) Detailed financials →

Kingfa Science & Technology (India) Limited

KINGFA · Plastic Products · Q3 FY26 · Standalone
M Cap
₹8,778 Cr
P/E
38.9
PEG
1.22
  • Profit +11% above its own trend
  • FY25 operating cash flow was only 39% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.1%+5.0% 489466440
Operating profit +20.5%+1.4% 61.961.051.3
OPM % +98 bps-45 bps 12.6%13.1%11.7%
Other income +49.0%+135.4% 7.13.04.7
Net profit +30.5%+10.2% 45.241.034.6
PAT margin % +137 bps+43 bps 9.2%8.8%7.9%
EPS (₹) +16.6%+9.8% 33.3430.3628.59

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹60.7 Cr: core business ₹53.7 Cr, other income ₹7.1 Cr.

Core profit YoY: +20.9% · reported profit +30.5%

Cash & debt

FY25 cash from operations ₹60.0 Cr: 39% of FY25 net profit of ₹153 Cr.

Borrowings ₹43.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹492₹489 -0.4% in line
Net profit₹40.7₹45.2 +11.1% above
Detailed financials →

Olectra Greentech Limited

OLECTRA · Commercial Vehicles · Q3 FY26 · Consolidated
M Cap
₹8,718 Cr
P/E
48.5
PEG
1.24
  • Profit -19% below its own trend
  • Operating margin contracted 127 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +28.8%+1.1% 664657515
Operating profit +18.1%+4.5% 93.289.278.9
OPM % -127 bps+47 bps 14.0%13.6%15.3%
Other income +57.8%-8.6% 3.53.82.2
Net profit? +0.1%-5.6% 46.749.446.6
PAT margin % -201 bps-49 bps 7.0%7.5%9.0%
EPS (₹) +0.2%-6.5% 5.656.045.64

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹64.1 Cr: core business ₹60.2 Cr, other income ₹3.5 Cr.

Core profit YoY: +1.8% · reported profit +0.1%

Cash & debt

FY25 cash from operations ₹141 Cr: 101% of FY25 net profit of ₹139 Cr.

Borrowings ₹255 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹711₹664 -6.7% below
Net profit₹57.4₹46.7 -18.7% below
📊 Investor presentation (01 Jun) Detailed financials →

Kwality Wall's (India) Limited

KWIL · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹8,703 Cr
P/E
—
PEG
—
  • Exceptional items of ₹-93.7 Cr in the quarter
₹ Cr Dec 2025
Sales 223
Operating profit -64.3
OPM % -28.8%
Other income 0.0
Net profit? -178
PAT margin % -79.8%
EPS (₹) -0.76

Earlier quarters are on record only as standalone figures, so they are not compared with this consolidated statement.

Quality of profit

Pre-tax profit −₹203 Cr: core business −₹109 Cr, other income ₹0.0 Cr, exceptional & other items −₹93.7 Cr.

Detailed financials →

Precision Wires India Limited

PRECWIRE · Mining & Minerals · Q3 FY26 · Standalone
M Cap
₹8,702 Cr
P/E
49.7
PEG
1.31
  • Profit +54% above its own trend
  • Profit grew faster than the core business (core profit +66%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +36.1%+8.1% 1,3371,237982
Operating profit +61.9%-7.5% 64.870.040.0
OPM % +77 bps-81 bps 4.8%5.7%4.1%
Other income —— 10.70.00.0
Net profit +98.9%+4.7% 37.736.019.0
PAT margin % +89 bps-9 bps 2.8%2.9%1.9%
EPS (₹) +94.3%+4.0% 2.061.981.06

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹52.2 Cr: core business ₹41.6 Cr, other income ₹10.7 Cr.

Core profit YoY: +65.7% · reported profit +98.9%

Cash & debt

FY25 cash from operations ₹168 Cr: 186% of FY25 net profit of ₹90.2 Cr.

Borrowings ₹62.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,168₹1,337 +14.5% above
Net profit₹24.4₹37.7 +54.3% above
Detailed financials →

The Bombay Burmah Trading Corporation Limited

BBTC · Auto Components · Q3 FY26 · Consolidated
M Cap
₹8,683 Cr
P/E
3.5
PEG
0.11
  • Profit +543% above its own trend
  • Operating margin expanded 2834 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —+2.5% 5,0664,94373.8
Operating profit from loss+0.7% 943936-7.2
OPM % +2834 bps-32 bps 18.6%18.9%-9.7%
Other income -40.2%-8.2% 78.085.0130
Net profit? +582.0%+15.7% 65556696.0
PAT margin % —+148 bps 12.9%11.5%—
EPS (₹) +229.3%+30.9% 45.3434.6413.77

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹893 Cr: core business ₹816 Cr, other income ₹78.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: from loss · reported profit +582.0%

Cash & debt

FY25 cash from operations ₹2,278 Cr: 136% of FY25 net profit of ₹1,669 Cr.

Borrowings ₹1,574 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹78.3₹5,066 +999.0% above
Net profit₹102₹655 +543.2% above
Detailed financials →

Sandur Manganese & Iron Ores Limited

SANDUMA · Mining & Minerals · Q3 FY26 · Consolidated
M Cap
₹8,679 Cr
P/E
13.2
PEG
—
  • Profit -58% below its own trend
  • Operating margin contracted 451 bps YoY
  • Exceptional items of ₹-32.3 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +27.0%-1.9% 1,2091,232952
Operating profit +4.3%-8.1% 251273240
OPM % -451 bps-140 bps 20.7%22.1%25.2%
Other income +40.1%+124.1% 27.912.419.9
Net profit? -15.7%-16.6% 116139137
PAT margin % -486 bps-169 bps 9.6%11.3%14.4%
EPS (₹) -15.8%-16.5% 2.382.85adj. 2.83

EPS restated for the 2:1 bonus of Sep 2025: Dec 2024 ₹8.48 to ₹2.83.

Quality of profit

Pre-tax profit ₹147 Cr: core business ₹151 Cr, other income ₹27.9 Cr, exceptional & other items −₹32.3 Cr.

Core profit YoY: -6.0% · reported profit -15.7%

Against its own trend ?

TrendActualGap
Sales₹1,904₹1,209 -36.5% below
Net profit₹275₹116 -57.9% below
📊 Investor presentation (06 Aug) Detailed financials →

Healthcare Global Enterprises Limited

HCG · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹8,650 Cr
P/E
260.1
PEG
—
  • Into loss: a profit a year ago
  • Profit -218% below its own trend
  • Operating margin expanded 164 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.5%-2.1% 633647558
Operating profit +25.4%-11.2% 11012387.4
OPM % +164 bps-176 bps 17.3%19.1%15.7%
Other income to lossto loss -10.22.96.6
Net profit? to lossto loss -7.920.77.8
PAT margin % -264 bps-444 bps -1.2%3.2%1.4%
EPS (₹) to lossto loss -0.631.090.50

Quality of profit

Pre-tax profit −₹6.1 Cr: core business ₹4.1 Cr, other income −₹10.2 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹317 Cr: 649% of FY25 net profit of ₹48.8 Cr.

Borrowings ₹1,837 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹657₹633 -3.7% in line
Net profit₹6.7−₹7.9 -218.2% below
📊 Investor presentation (06 Aug) Detailed financials →

Brainbees Solutions Limited

FIRSTCRY · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹8,639 Cr
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.6%+15.5% 2,4242,0992,172
Operating profit -10.2%+56.5% 97.062.0108
OPM % -97 bps+105 bps 4.0%3.0%5.0%
Other income -8.9%+17.1% 41.035.045.0
Net profit? loss widenedloss narrowed -39.0-51.0-15.0
PAT margin % -92 bps+82 bps -1.6%-2.4%-0.7%
EPS (₹) loss widenedloss narrowed -0.55-0.67-0.15

Quality of profit

Pre-tax profit −₹5.0 Cr: core business −₹46.0 Cr, other income ₹41.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹83.0 Cr.

Borrowings ₹1,570 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,466₹2,424 -1.7% in line
📊 Investor presentation (13 Aug) Detailed financials →

MMTC Limited

MMTC · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹8,522 Cr
P/E
19.0
PEG
—
  • Profit +999% above its own trend
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —-66.0% 0.31.00.0
Operating profit loss narrowedloss widened -23.0-22.0-31.0
Other income +79.5%-84.5% 70.045339.0
Net profit? —-72.9% 46.31714.0
EPS (₹) —-72.8% 0.311.140.02

Quality of profit

Pre-tax profit ₹45.7 Cr: core business −₹24.0 Cr, other income ₹70.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹363 Cr: -417% of FY25 net profit of ₹87.0 Cr.

Borrowings ₹2.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Net profit₹2.8₹46.3 +999.0% above
Detailed financials →

Raghav Productivity Enhancers Limited

RPEL · Electrodes, Graphite & Refractories · Q3 FY26 · Consolidated
M Cap
₹8,519 Cr
P/E
136.2
PEG
4.87
  • Operating margin expanded 353 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +17.2%+1.4% 64.563.655.0
Operating profit +33.0%+2.4% 19.118.714.4
OPM % +353 bps+27 bps 29.6%29.4%26.1%
Other income +203.1%+42.1% 0.90.60.3
Net profit? +43.9%+2.0% 14.113.89.8
PAT margin % +406 bps+12 bps 21.9%21.8%17.8%
EPS (₹) +43.9%+2.0% 3.083.022.14

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹18.1 Cr: core business ₹17.2 Cr, other income ₹0.9 Cr.

Core profit YoY: +39.5% · reported profit +43.9%

Cash & debt

FY25 cash from operations ₹39.0 Cr: 105% of FY25 net profit of ₹37.0 Cr.

Borrowings ₹7.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹72.1₹64.5 -10.5% below
Net profit₹14.7₹14.1 -3.8% in line
📊 Investor presentation (10 Sep) Detailed financials →

Gujarat Narmada Valley Fertilizers and Chemicals Limited

GNFC · Chemicals · Q3 FY26 · Standalone
M Cap
₹8,514 Cr
P/E
8.2
PEG
—
  • Profit -43% below its own trend
  • Operating margin expanded 212 bps YoY
  • 48% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +98%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +5.1%+1.4% 1,9961,9681,899
Operating profit +37.1%-2.2% 181185132
OPM % +212 bps-33 bps 9.1%9.4%7.0%
Other income -38.2%-23.6% 97.0127157
Net profit -5.1%-15.3% 150177158
PAT margin % -81 bps-148 bps 7.5%9.0%8.3%
EPS (₹) -5.0%-15.3% 10.2112.0510.75

Quality of profit

Core 52%Other income & one-offs 48%

Pre-tax profit ₹204 Cr: core business ₹107 Cr, other income ₹97.0 Cr.

Core profit YoY: +98.1% · reported profit -5.1%

Cash & debt

FY25 cash from operations ₹605 Cr: 103% of FY25 net profit of ₹585 Cr.

Borrowings ₹106 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,788₹1,996 +11.6% above
Net profit₹262₹150 -42.8% below
📊 Investor presentation (05 Aug) Detailed financials →

Intellect Design Arena Limited

INTELLECT · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹8,468 Cr
P/E
24.1
PEG
2.19
  • Profit -75% below its own trend
  • Operating margin contracted 580 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +19.9%-3.6% 731758610
Operating profit -15.8%-34.8% 100153119
OPM % -580 bps-657 bps 13.7%20.2%19.5%
Other income to lossto loss -9.030.815.2
Net profit? -61.9%-73.5% 27.010270.8
PAT margin % -792 bps-975 bps 3.7%13.4%11.6%
EPS (₹) -60.1%-72.4% 2.047.405.11

Quality of profit

Pre-tax profit ₹37.0 Cr: core business ₹46.0 Cr, other income −₹9.0 Cr.

Core profit YoY: -41.1% · reported profit -61.9%

Cash & debt

FY25 cash from operations ₹431 Cr: 129% of FY25 net profit of ₹334 Cr.

Borrowings ₹72.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹713₹731 +2.5% in line
Net profit₹110₹27.0 -75.5% below
📊 Investor presentation (31 Jul) Detailed financials →

Esab India Limited

ESABINDIA · Electrodes, Graphite & Refractories · Q3 FY26 · Standalone
M Cap
₹8,462 Cr
P/E
38.1
PEG
2.93
  • Operating margin expanded 368 bps YoY
  • Core business grew faster than reported profit (core profit +39%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.3%-0.8% 379382337
Operating profit +37.6%+5.6% 76.072.055.2
OPM % +368 bps+120 bps 20.1%18.8%16.4%
Other income to lossto loss -13.033.03.3
Net profit +6.5%-45.6% 43.079.040.4
PAT margin % -62 bps-933 bps 11.3%20.7%12.0%
EPS (₹) +6.4%-45.7% 27.9351.4526.24

Quality of profit

Pre-tax profit ₹58.0 Cr: core business ₹71.0 Cr, other income −₹13.0 Cr.

Core profit YoY: +38.5% · reported profit +6.5%

Cash & debt

FY25 cash from operations ₹200 Cr: 115% of FY25 net profit of ₹174 Cr.

Borrowings ₹4.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹371₹379 +2.1% in line
Net profit₹43.0₹43.0 -0.0% in line
Detailed financials →

Clean Science and Technology Limited

CLEAN · Chemicals · Q3 FY26 · Consolidated
M Cap
₹8,453 Cr
P/E
36.4
PEG
—
  • Profit -44% below its own trend
  • Operating margin contracted 1141 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -5.0%-10.2% 220245232
Operating profit -29.6%-17.2% 72.087.0102
OPM % -1141 bps-278 bps 32.7%35.5%44.1%
Other income +117.6%+42.9% 10.07.04.6
Net profit? -37.9%-16.4% 46.055.074.1
PAT margin % -1110 bps-154 bps 20.9%22.4%32.0%
EPS (₹) -38.0%-17.2% 4.325.226.97

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹63.0 Cr: core business ₹53.0 Cr, other income ₹10.0 Cr.

Core profit YoY: -41.7% · reported profit -37.9%

Cash & debt

FY25 cash from operations ₹214 Cr: 78% of FY25 net profit of ₹273 Cr.

Borrowings ₹2.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹253₹220 -13.1% below
Net profit₹82.2₹46.0 -44.0% below
📊 Investor presentation (01 Aug) Detailed financials →

Kirloskar Pneumatic Company Limited

KIRLPNU · Pumps, Compressors & Engines · Q3 FY26 · Consolidated
M Cap
₹8,444 Cr
P/E
32.2
PEG
—
  • Operating margin expanded 509 bps YoY
  • Exceptional items of ₹-18.3 Cr in the quarter
  • Core business grew faster than reported profit (core profit +66%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +18.8%+5.3% 407386343
Operating profit +60.7%+35.7% 79.458.549.4
OPM % +509 bps+437 bps 19.5%15.1%14.4%
Other income +1.3%-15.3% 6.17.26.0
Net profit? +12.8%-5.3% 41.543.836.8
PAT margin % -54 bps-114 bps 10.2%11.3%10.7%
EPS (₹) +12.9%-5.2% 6.406.755.67

Quality of profit

Pre-tax profit ₹58.9 Cr: core business ₹71.1 Cr, other income ₹6.1 Cr, exceptional & other items −₹18.3 Cr.

Core profit YoY: +66.0% · reported profit +12.8%

Cash & debt

FY25 cash from operations ₹215 Cr.

Borrowings ₹11.0 Cr at Mar 2025.

📊 Investor presentation (21 Jul) Detailed financials →

Banco Products (I) Limited

BANCOINDIA · Auto Components · Q3 FY26 · Consolidated
M Cap
₹8,443 Cr
P/E
17.1
PEG
0.68
  • Profit +113% above its own trend
  • Operating margin expanded 674 bps YoY
  • Exceptional items of ₹18.1 Cr in the quarter
  • FY25 operating cash flow was only 42% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +23.5%-24.0% 7891,038639
Operating profit +115.3%-16.3% 12514958.0
OPM % +674 bps+144 bps 15.8%14.4%9.1%
Other income +85.6%-84.1% 9.358.55.0
Net profit? +176.9%-38.2% 85.813931.0
PAT margin % +602 bps-251 bps 10.9%13.4%4.9%
EPS (₹) +177.8%-38.2% 6.009.712.16

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹119 Cr: core business ₹91.6 Cr, other income ₹9.3 Cr, exceptional & other items ₹18.1 Cr.

Core profit YoY: +177.5% · reported profit +176.9%

Cash & debt

FY25 cash from operations ₹164 Cr: 42% of FY25 net profit of ₹393 Cr.

Borrowings ₹573 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹756₹789 +4.4% in line
Net profit₹40.2₹85.8 +113.5% above
Detailed financials →

Waaree Renewable Technologies Limited

WAAREERTL · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹8,436 Cr
P/E
16.5
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +136.2%+9.8% 851775360
Operating profit +126.2%+0.6% 15915870.3
OPM % -83 bps-170 bps 18.7%20.4%19.5%
Other income +32.3%+25.0% 5.04.03.8
Net profit? —+3.4% 120116—
PAT margin % —-87 bps 14.1%15.0%—
EPS (₹) —+3.2% 11.5211.16—

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹158 Cr: core business ₹154 Cr, other income ₹5.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +130.0%

Against its own trend ?

TrendActualGap
Sales₹581₹851 +46.5% above
📊 Investor presentation (22 Jul) Detailed financials →

Vesuvius India Limited

VESUVIUS · Electrodes, Graphite & Refractories · Q3 FY26 · Standalone
M Cap
₹8,418 Cr
P/E
32.8
PEG
1.26
  • Profit +41% above its own trend
  • 31% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +10%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.3%+0.7% 551547509
Operating profit +14.3%+1.7% 93.692.081.9
OPM % +89 bps+18 bps 17.0%16.8%16.1%
Other income +353.9%+378.6% 33.57.07.4
Net profit +33.9%+29.4% 80.262.059.9
PAT margin % +278 bps+323 bps 14.6%11.3%11.8%
EPS (₹) +33.8%+30.4% 3.953.03adj. 2.95

EPS restated for the ₹10 to ₹1 split of Jun 2025: Dec 2024 ₹29.53 to ₹2.95.

Quality of profit

Core 69%Other income & one-offs 31%

Pre-tax profit ₹109 Cr: core business ₹75.8 Cr, other income ₹33.5 Cr.

Core profit YoY: +10.0% · reported profit +33.9%

Cash & debt

Borrowings ₹14.0 Cr at Dec 2025.

Against its own trend ?

TrendActualGap
Sales₹599₹551 -8.0% below
Net profit₹56.7₹80.2 +41.4% above
Detailed financials →

SWAN CORP LIMITED

SWANCORP · Petrochemicals · Q3 FY26 · Consolidated
M Cap
₹8,338 Cr
P/E
—
PEG
—
  • Operating margin expanded 3628 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -39.7%+1.1% 1,1501,1381,908
Operating profit from loss+335.0% 21.75.0-656
OPM % +3628 bps+145 bps 1.9%0.4%-34.4%
Other income -100.0%-99.4% 0.347.01,869

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹4.1 Cr: core business ₹3.8 Cr, other income ₹0.3 Cr.

Core profit YoY: from loss

Against its own trend ?

TrendActualGap
Sales₹2,066₹1,150 -44.3% below
Detailed financials →

Sanofi Consumer Healthcare India Limited

SANOFICONR · Pharmaceuticals · Q3 FY26 · Standalone
M Cap
₹8,321 Cr
P/E
31.3
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +46.8%+7.3% 251234171
Operating profit +45.2%+5.9% 90.085.062.0
OPM % -40 bps-47 bps 35.9%36.3%36.3%
Other income +150.0%+66.7% 5.03.02.0
Net profit +50.0%+4.8% 66.063.044.0
PAT margin % +56 bps-63 bps 26.3%26.9%25.7%
EPS (₹) +50.1%+5.7% 28.8727.3119.24

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹90.0 Cr: core business ₹87.0 Cr, other income ₹5.0 Cr, exceptional & other items −₹2.0 Cr.

Core profit YoY: +42.6% · reported profit +50.0%

📊 Investor presentation (24 Mar) Detailed financials →

Gujarat Pipavav Port Limited

GPPL · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹8,301 Cr
P/E
14.9
PEG
1.06
  • Profit -18% below its own trend
  • Operating margin expanded 212 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.2%-2.4% 292299263
Operating profit +15.6%-9.8% 160178139
OPM % +212 bps-451 bps 54.9%59.4%52.8%
Other income -8.3%+13.7% 23.020.225.0
Net profit? +8.6%-32.9% 10816199.4
PAT margin % -88 bps-1677 bps 36.9%53.7%37.8%
EPS (₹) +8.3%-32.8% 2.233.322.06

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹144 Cr: core business ₹126 Cr, other income ₹23.0 Cr, exceptional & other items −₹4.8 Cr.

Core profit YoY: +17.4% · reported profit +8.6%

Cash & debt

FY25 cash from operations ₹446 Cr: 112% of FY25 net profit of ₹397 Cr.

Borrowings ₹63.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹266₹292 +10.0% above
Net profit₹132₹108 -18.0% below
📊 Investor presentation (12 Aug) Detailed financials →

How to read this page

The numbers. Each card is one company's Q3 FY26 results as filed with NSE or BSE, read from the filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months). A swing between profit and loss is described in words: a percentage across it would mislead.

Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter, before minority interest. A company's own headline, and the AI read of its filing, often quote the profit attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two are the same.

Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income, as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points (100 bps = 1 percentage point).

Quality of profit. Core profit is operating profit minus interest and depreciation: what the business itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more, and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net profit, since a fall in provisions can lift profit without the business growing.

Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead each company is measured against the path it was on: the same quarter last year, grown at the median of its last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales 5% or more above that, or net profit 10% or more above, is "above trend"; as far below is "below trend". It answers "was this quarter better or worse than the company's own recent run?", which consensus does not.

Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show its operating cash flow for the last financial year as a share of that year's net profit (flagged under 50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet against the one six months earlier (flagged at a 25% move). Balance sheets come with the September and March results, cash-flow statements with the March results.

Price since results. The latest close against the last close before the filing (a filing after 3:30 pm counts from the next session). It is a fact about the market's reaction, not advice.

Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150 (SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.

Results calendarWho reports results today, tomorrow and this week. Strong quarterly resultsCompanies whose latest quarter showed profit up 30% or more. Live announcementsEvery NSE/BSE filing with an AI read, as it arrives. Company fundamentalsTen years of quarterly and annual financials.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI