Home › Quarterly results › Q3 FY26
Q3 FY26 quarterly results (October-December 2025)
4,316 companies have declared Q3 FY26 results so far, the latest on 15 Sep 2026.
Across the 3,727 non-financial companies with a year-ago quarter to compare, sales grew +15.1% and net profit +14.8% year on year, and the combined operating margin narrowed 25 bps to 14.1%.
For the 146 banks and lenders, net interest income grew +8.0% and net profit +10.5%.
56% of companies grew net profit; 416 turned a loss into a profit; 37% beat their own profit trend and 48% fell short of it.
4316 declared
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The next results season has started: 45 companies have filed results for the quarter ended 30 Sep 2026.
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Sales growth
+15.1%
YoY, 3727 companies combined; median +8.3%
Net profit growth
+14.8%
YoY combined; median +8.9%
Operating margin
14.1%
-25 bps YoY
Grew profit
56%
416 turnarounds, 346 into loss
Vs own profit trend
37% / 48%
above / below, 15% in line
Banks: NII growth
+8.0%
146 lenders; profit +10.5%
Price since results
-9.5%
median; 0% of 1 stocks up
Other-income heavy
1051
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
1051 matching results 1051
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512618
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 2743 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-28.6% +525.0%
0.2 0.0 0.3 Operating profit
loss widened loss narrowed -0.1 -0.1 -0.0 OPM %
-2743 bps —
-36.0% — -8.6% Other income
+100.0% +100.0%
0.1 0.1 0.1 Net profit
+50.0% from loss 0.0 -0.1 0.0 PAT margin %
+629 bps —
12.0% — 5.7% EPS (₹)
+50.0% from loss 0.03 -0.10 0.02
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss widened
· reported profit +50.0%
Cash & debt
FY25 cash from operations ₹0.5 Cr.
Borrowings ₹3.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹0.2
+42.9% above
512634
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 257 bps YoY 32% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+40.9% +6.5%
27.2 25.5 19.3 Operating profit
+66.7% -23.6%
4.5 5.9 2.7 OPM %
+257 bps -654 bps
16.6% 23.1% 14.0% Other income
+28.7% -0.9%
1.1 1.1 0.9 Net profit
+37.1% -23.1%
2.8 3.6 2.0 PAT margin %
-28 bps -392 bps
10.2% 14.1% 10.5% EPS (₹)
+37.3% -23.2%
2.32 3.02 1.69
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹2.3 Cr, other income ₹1.1 Cr.
Core profit YoY: +27.9%
· reported profit +37.1%
Cash & debt
FY25 cash from operations ₹13.0 Cr:
98% of FY25 net profit of ₹13.2 Cr.
Borrowings ₹6.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹23.0 ₹27.2
+18.3% above Net profit ₹2.8 ₹2.8
-0.8% in line
513063
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -56% below its own trend All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
— —
-0.1 -0.1 -0.1 Other income
-30.6% +11.1%
0.5 0.5 0.7 Net profit
-14.0% +30.3%
0.4 0.3 0.5 EPS (₹)
-14.5% +31.1%
0.59 0.45 0.69
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.1 Cr, other income ₹0.5 Cr.
Core profit YoY: —
· reported profit -14.0%
Cash & debt
FY25 cash from operations −₹0.6 Cr:
-43% of FY25 net profit of ₹1.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹1.0 ₹0.4
-55.7% below
513117
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss widened loss widened -0.5 -0.4 -0.3 Other income
+14.9% +60.4%
0.8 0.5 0.7 Net profit
-14.3% +500.0%
0.2 0.0 0.2 EPS (₹)
-13.3% +550.0%
0.13 0.02 0.15
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.6 Cr, other income ₹0.8 Cr.
Core profit YoY: loss widened
· reported profit -14.3%
Cash & debt
FY25 cash from operations −₹1.1 Cr:
-170% of FY25 net profit of ₹0.7 Cr.
Borrowings ₹0.7 Cr at Mar 2025.
513149
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +23% above its own trend 75% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— +309.1%
7.2 1.8 0.0 Operating profit
from loss from loss 0.2 -0.4 -0.2 OPM %
— +2750 bps
2.9% -24.6% — Other income
-36.6% +12.5%
0.5 0.4 0.7 Net profit
+9.8% from loss 0.5 -0.1 0.4 PAT margin %
— +1086 bps
6.3% -4.6% — EPS (₹)
+9.7% from loss 7.03 -1.25 6.41
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.1 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
· reported profit +9.8%
Cash & debt
FY25 cash from operations −₹0.8 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.4 ₹0.5
+23.2% above
513252
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +36% above its own trend Operating margin contracted 108 bps YoY 94% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -67%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+12.2% +1.2%
245 242 219 Operating profit
-17.5% -20.2%
7.4 9.2 8.9 OPM %
-108 bps -80 bps
3.0% 3.8% 4.1% Other income
-14.0% +3.5%
3.5 3.4 4.1 Net profit
+29.1% +23.2%
4.3 3.5 3.3 PAT margin %
+23 bps +31 bps
1.8% 1.4% 1.5% EPS (₹)
+29.1% +23.3%
11.13 9.03 8.62
Quality of profit
Pre-tax profit ₹3.8 Cr: core business ₹0.2 Cr, other income ₹3.5 Cr.
Core profit YoY: -66.7%
· reported profit +29.1%
Cash & debt
FY25 cash from operations ₹20.0 Cr:
163% of FY25 net profit of ₹12.2 Cr.
Borrowings ₹140 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹259 ₹245
-5.5% below Net profit ₹3.2 ₹4.3
+36.3% above
513303
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.2 -0.2 -0.2 Other income
+30.4% -3.2%
0.3 0.3 0.2 Net profit
from loss +25.0%
0.1 0.1 -0.0 EPS (₹)
from loss +16.7%
0.07 0.06 -0.01
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹3.6 Cr:
82% of FY25 net profit of ₹4.4 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
513337
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +914% above its own trend All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-100.0% -100.0%
0.0 8.1 231 Operating profit
to loss loss widened -0.4 -0.3 1.5 Other income
— +22.3%
7.6 6.2 0.5 Net profit?
+407.1% +21.8%
7.1 5.8 1.4 EPS (₹)
+400.0% +25.0%
0.05 0.04 0.01
Quality of profit
Pre-tax profit ₹7.1 Cr: core business −₹0.5 Cr, other income ₹7.6 Cr.
Core profit YoY: to loss
· reported profit +407.1%
Cash & debt
FY25 cash from operations −₹257 Cr:
-491% of FY25 net profit of ₹52.4 Cr.
Borrowings ₹66.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹115 ₹0.0
-100.0% below Net profit ₹0.7 ₹7.1
+914.3% above
513353
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +19% above its own trend Operating margin contracted 376 bps YoY 42% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 4% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-4.5% -5.6%
61.6 65.2 64.5 Operating profit
-42.9% +87.5%
3.5 1.8 6.0 OPM %
-376 bps +278 bps
5.6% 2.8% 9.4% Other income
-7.5% -7.1%
2.2 2.4 2.4 Net profit
-40.6% +1.0%
3.0 3.0 5.0 PAT margin %
-294 bps +32 bps
4.8% 4.5% 7.8% EPS (₹)
-40.6% +1.1%
3.81 3.77 6.41
Quality of profit
Pre-tax profit ₹5.3 Cr: core business ₹3.1 Cr, other income ₹2.2 Cr.
Core profit YoY: -46.2%
· reported profit -40.6%
Cash & debt
FY25 cash from operations ₹1.0 Cr:
4% of FY25 net profit of ₹23.5 Cr.
Borrowings ₹11.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹49.5 ₹61.6
+24.5% above Net profit ₹2.5 ₹3.0
+18.7% above
513401
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago 94% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— +50.0%
613 408 0.0 Operating profit
from loss +49.7%
2.7 1.8 -1.2 OPM %
— -0 bps
0.4% 0.4% — Other income
— from loss 35.5 -1.4 0.0 Net profit
from loss —
37.8 0.3 -3.4 PAT margin %
— +609 bps
6.2% 0.1% — EPS (₹)
from loss —
47.48 0.43 -4.32
Quality of profit
Pre-tax profit ₹37.8 Cr: core business ₹2.3 Cr, other income ₹35.5 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹12.0 Cr.
Borrowings ₹91.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹613
+999.0% above
513422
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +50% above its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-100.0% -100.0%
0.0 8.6 5.6 Operating profit
to loss to loss -0.2 0.5 0.2 Other income
— —
0.3 0.0 0.0 Net profit
+0.0% -76.0%
0.1 0.2 0.1 EPS (₹)
+0.0% -76.3%
0.09 0.38 0.09
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.3 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
· reported profit +0.0%
Cash & debt
FY25 cash from operations ₹8.8 Cr:
1902% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹5.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.9 ₹0.0
-100.0% below Net profit ₹0.0 ₹0.1
+49.5% above
513456
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -88% below its own trend 43% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 12% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+9.3% +1.4%
96.3 94.9 88.1 Operating profit
-15.9% -2.4%
2.9 2.9 3.4 OPM %
-89 bps -12 bps
3.0% 3.1% 3.8% Other income
-92.9% +170.8%
0.7 0.2 9.1 Net profit
-75.7% +20.3%
2.2 1.8 9.0 PAT margin %
-797 bps +36 bps
2.3% 1.9% 10.2% EPS (₹)
-75.8% +20.3%
0.77 0.64 3.18
Quality of profit
Pre-tax profit ₹1.5 Cr: core business ₹0.9 Cr, other income ₹0.7 Cr.
Core profit YoY: -59.5%
· reported profit -75.7%
Cash & debt
FY25 cash from operations ₹1.0 Cr:
12% of FY25 net profit of ₹8.3 Cr.
Borrowings ₹25.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹89.2 ₹96.3
+8.0% above Net profit ₹18.0 ₹2.2
-87.9% below
513472
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -62% below its own trend Operating margin contracted 540 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-0.8% -14.2%
47.5 55.4 47.9 Operating profit
-25.6% -20.1%
7.7 9.6 10.3 OPM %
-540 bps -120 bps
16.2% 17.4% 21.6% Other income
+205.7% +362.9%
1.6 0.3 0.5 Net profit
-24.3% -14.7%
4.8 5.6 6.3 PAT margin %
-311 bps -6 bps
10.0% 10.1% 13.1% EPS (₹)
-30.0% -14.8%
6.12 7.18 8.74
Quality of profit
Pre-tax profit ₹6.4 Cr: core business ₹4.7 Cr, other income ₹1.6 Cr.
Core profit YoY: -33.2%
· reported profit -24.3%
Cash & debt
FY25 cash from operations ₹9.0 Cr:
59% of FY25 net profit of ₹15.3 Cr.
Borrowings ₹77.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹84.6 ₹47.5
-43.8% below Net profit ₹12.6 ₹4.8
-62.2% below
513511
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 103 bps YoY 41% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+3.6% +5.9%
98.1 92.6 94.7 Operating profit
-15.7% +38.7%
4.4 3.2 5.2 OPM %
-103 bps +106 bps
4.5% 3.4% 5.5% Other income
+26.4% -9.5%
0.7 0.7 0.5 Net profit
-25.9% +123.6%
1.2 0.6 1.7 PAT margin %
-50 bps +66 bps
1.3% 0.6% 1.8% EPS (₹)
-26.4% +120.7%
0.64 0.29 0.87
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹1.0 Cr, other income ₹0.7 Cr.
Core profit YoY: -43.3%
· reported profit -25.9%
Cash & debt
FY25 cash from operations −₹5.0 Cr:
-151% of FY25 net profit of ₹3.3 Cr.
Borrowings ₹50.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹87.6 ₹98.1
+12.0% above
513536
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 4576 bps YoY 55% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+67.1% -15.4%
7.3 8.7 4.4 Operating profit
— -26.7%
3.5 4.8 0.1 OPM %
+4576 bps -746 bps
48.5% 56.0% 2.7% Other income
— +52.3%
2.0 1.3 0.1 Net profit?
from loss -20.1%
3.1 3.8 -2.6 PAT margin %
+10107 bps -245 bps
41.9% 44.4% -59.1% EPS (₹)
from loss -33.3%
0.20 0.30 -0.20
Quality of profit
Pre-tax profit ₹3.7 Cr: core business ₹1.6 Cr, other income ₹2.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹30.4 Cr.
Borrowings ₹11.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.7 ₹7.3
+170.7% above
513540
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -100% below its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+17.7% -14.4%
19.0 22.1 16.1 Operating profit
-8.7% -48.8%
0.2 0.4 0.2 OPM %
-32 bps -74 bps
1.1% 1.9% 1.4% Other income
+50.0% +200.0%
0.1 0.0 0.0 Net profit
-100.0% -100.0%
0.0 0.1 0.0 PAT margin %
-12 bps -23 bps
0.0% 0.2% 0.1% EPS (₹)
-100.0% -100.0%
0.00 0.10 0.04
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss widened
· reported profit -100.0%
Cash & debt
FY25 cash from operations ₹0.2 Cr:
160% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹8.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹18.6 ₹19.0
+1.9% in line Net profit ₹0.0 ₹0.0
-100.0% below
513548
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 288 bps YoY 52% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-12.5% +81.7%
47.6 26.2 54.4 Operating profit
-50.3% —
1.8 0.1 3.6 OPM %
-288 bps +332 bps
3.8% 0.5% 6.7% Other income
-16.9% -3.0%
1.0 1.0 1.2 Net profit
-54.0% —
1.4 0.1 3.1 PAT margin %
-273 bps +253 bps
3.0% 0.5% 5.8% EPS (₹)
-54.0% +992.3%
2.84 0.26 6.17
Quality of profit
Pre-tax profit ₹1.9 Cr: core business ₹0.9 Cr, other income ₹1.0 Cr.
Core profit YoY: -70.5%
· reported profit -54.0%
Cash & debt
FY25 cash from operations ₹11.0 Cr:
145% of FY25 net profit of ₹7.6 Cr.
Borrowings ₹35.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹43.0 ₹47.6
+10.6% above Net profit ₹1.6 ₹1.4
-8.0% in line
514030
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 217 bps YoY 42% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+2.4% -3.1%
135 139 132 Operating profit
+80.3% -0.9%
6.8 6.8 3.8 OPM %
+217 bps +11 bps
5.0% 4.9% 2.8% Other income
+84.4% +46.4%
1.4 1.0 0.8 Net profit
from loss +42.6%
2.8 2.0 -0.5 PAT margin %
+242 bps +67 bps
2.1% 1.4% -0.3% EPS (₹)
from loss +42.7%
3.91 2.74 -0.63
Quality of profit
Pre-tax profit ₹3.4 Cr: core business ₹1.9 Cr, other income ₹1.4 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹16.0 Cr.
Borrowings ₹37.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹144 ₹135
-6.1% below
514087
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 403 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-12.9% +6.2%
37.1 35.0 42.6 Operating profit
loss widened loss widened -2.7 -1.0 -1.4 OPM %
-403 bps -424 bps
-7.2% -3.0% -3.2% Other income
— —
6.9 0.3 0.6 Net profit?
from loss from loss 2.5 -1.2 -1.3 PAT margin %
+980 bps +1022 bps
6.7% -3.5% -3.1% EPS (₹)
from loss from loss 3.62 -1.79 -1.92
Quality of profit
Pre-tax profit ₹3.3 Cr: core business −₹3.7 Cr, other income ₹6.9 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹6.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹41.1 ₹37.1
-9.7% below
514138
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +133% above its own trend Operating margin contracted 105 bps YoY 78% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +0%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+3.3% -0.8%
126 127 122 Operating profit
-10.0% -18.2%
9.0 11.0 10.0 OPM %
-105 bps -152 bps
7.1% 8.7% 8.2% Other income
— —
13.0 0.0 0.0 Net profit?
+366.7% +180.0%
14.0 5.0 3.0 PAT margin %
+865 bps +717 bps
11.1% 3.9% 2.5% EPS (₹)
+303.1% +154.8%
31.64 12.42 7.85
Quality of profit
Pre-tax profit ₹18.0 Cr: core business ₹4.0 Cr, other income ₹13.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +0.0%
· reported profit +366.7%
Cash & debt
FY25 cash from operations ₹29.0 Cr:
193% of FY25 net profit of ₹15.0 Cr.
Borrowings ₹69.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹126 ₹126
+0.3% in line Net profit ₹6.0 ₹14.0
+133.3% above
514140
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 10551 bps YoY 57% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+933.3% +81.0%
2.5 1.4 0.2 Operating profit
from loss from loss 1.5 -0.2 -0.1 OPM %
+10551 bps +7574 bps
59.7% -16.1% -45.8% Other income
from loss from loss 1.5 -0.4 -1.0 Net profit
from loss from loss 2.6 -0.9 -1.3 EPS (₹)
from loss from loss 5.40 -1.83 -2.59
Quality of profit
Pre-tax profit ₹2.7 Cr: core business ₹1.1 Cr, other income ₹1.5 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹1.4 Cr.
Borrowings ₹16.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.5 ₹2.5
+416.7% above
514171
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +233% above its own trend Operating margin expanded 407 bps YoY All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 47% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+4.7% +37.9%
6.7 4.8 6.4 Operating profit
from loss +10.0%
0.2 0.2 -0.1 OPM %
+407 bps -84 bps
3.3% 4.1% -0.8% Other income
-25.8% -4.2%
0.2 0.2 0.3 Net profit
+66.7% +400.0%
0.1 0.0 0.1 PAT margin %
+56 bps +108 bps
1.5% 0.4% 0.9% EPS (₹)
+75.0% +600.0%
0.07 0.01 0.04
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
· reported profit +66.7%
Cash & debt
FY25 cash from operations ₹1.3 Cr:
47% of FY25 net profit of ₹2.7 Cr.
Borrowings ₹4.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.5 ₹6.7
-36.5% below Net profit ₹0.0 ₹0.1
+233.3% above
514260
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -74% below its own trend Operating margin expanded 642 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-36.4% -24.1%
6.7 8.9 10.6 Operating profit
+0.9% -32.4%
1.2 1.7 1.2 OPM %
+642 bps -212 bps
17.4% 19.5% 11.0% Other income
+140.0% +57.9%
0.6 0.4 0.2 Net profit
-71.1% -78.8%
0.1 0.5 0.4 PAT margin %
-196 bps -423 bps
1.6% 5.9% 3.6% EPS (₹)
-71.2% -78.8%
0.32 1.51 1.11
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.5 Cr, other income ₹0.6 Cr.
Core profit YoY: to loss
· reported profit -71.1%
Cash & debt
FY25 cash from operations ₹8.8 Cr:
266% of FY25 net profit of ₹3.3 Cr.
Borrowings ₹14.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹16.5 ₹6.7
-59.2% below Net profit ₹0.4 ₹0.1
-74.0% below
514266
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +65% above its own trend Operating margin contracted 643 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-31.2% +3.7%
9.7 9.3 14.1 Operating profit
to loss loss narrowed -0.1 -0.7 0.8 OPM %
-643 bps +644 bps
-0.6% -7.1% 5.8% Other income
+316.9% +375.6%
3.7 0.8 0.9 Net profit
+135.1% from loss 2.6 -0.1 1.1 PAT margin %
+1903 bps +2755 bps
26.9% -0.6% 7.9% EPS (₹)
+135.6% from loss 6.62 -0.15 2.81
Quality of profit
Pre-tax profit ₹3.4 Cr: core business −₹0.3 Cr, other income ₹3.7 Cr.
Core profit YoY: to loss
· reported profit +135.1%
Cash & debt
FY25 cash from operations −₹2.6 Cr:
-143% of FY25 net profit of ₹1.8 Cr.
Borrowings ₹0.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹17.3 ₹9.7
-44.0% below Net profit ₹1.6 ₹2.6
+64.9% above
514332
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 185 bps YoY 58% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-9.2% +275.8%
2.5 0.7 2.7 Operating profit
+0.0% from loss 0.5 -0.2 0.5 OPM %
+185 bps +5349 bps
20.2% -33.3% 18.3% Other income
+37.5% +0.0%
0.2 0.2 0.2 Net profit?
+7.1% from loss 0.3 -0.4 0.3 PAT margin %
+184 bps +6816 bps
12.1% -56.1% 10.3% EPS (₹)
+7.5% from loss 0.57 -0.70 0.53
Quality of profit
Pre-tax profit ₹0.4 Cr: core business ₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: +6.7%
· reported profit +7.1%
Cash & debt
FY25 cash from operations ₹1.9 Cr:
244% of FY25 net profit of ₹0.8 Cr.
Borrowings ₹16.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.2 ₹2.5
-51.9% below
514386
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -79% below its own trend Operating margin contracted 318 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+9.5% -56.0%
7.6 17.4 7.0 Operating profit
to loss to loss -0.1 0.4 0.1 OPM %
-318 bps -350 bps
-1.3% 2.2% 1.9% Other income
— —
0.2 0.0 0.0 Net profit
-58.3% -86.5%
0.1 0.4 0.1 PAT margin %
-107 bps -148 bps
0.7% 2.1% 1.7% EPS (₹)
+0.0% -75.0%
0.01 0.04 0.01
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: to loss
· reported profit -58.3%
Cash & debt
FY25 cash from operations ₹1.3 Cr:
577% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹3.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.1 ₹7.6
-41.9% below Net profit ₹0.2 ₹0.1
-79.2% below
514414
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-100.0% —
0.0 0.0 0.7 Operating profit
to loss loss widened -0.0 -0.0 0.0 Other income
from loss —
0.4 0.0 -0.5 Net profit
from loss from loss 0.3 -0.0 -0.5 EPS (₹)
from loss from loss 0.59 -0.03 -0.77
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.0 Cr, other income ₹0.4 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations −₹0.6 Cr.
Borrowings ₹2.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.4 ₹0.0
-100.0% below
514442
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 5026 bps YoY 35% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+73.6% -41.2%
3.2 5.4 1.8 Operating profit
+461.0% -42.8%
2.3 4.0 0.4 OPM %
+5026 bps -208 bps
72.8% 74.9% 22.5% Other income
-15.2% +50.0%
0.8 0.6 1.0 Net profit?
— -42.8%
2.0 3.5 0.0 PAT margin %
+6266 bps -177 bps
62.7% 64.4% 0.0% EPS (₹)
— -43.0%
0.98 1.72 0.00
Quality of profit
Pre-tax profit ₹2.4 Cr: core business ₹1.6 Cr, other income ₹0.8 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹5.7 Cr:
-125% of FY25 net profit of ₹4.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.0 ₹3.2
+56.7% above
514454
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +100% above its own trend All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.0 -0.1 -0.1 Other income
+0.0% +0.0%
0.1 0.1 0.1 Net profit
+100.0% +100.0%
0.0 0.0 0.0 EPS (₹)
+200.0% +200.0%
0.03 0.01 0.01
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit +100.0%
Cash & debt
FY25 cash from operations −₹0.2 Cr:
-92% of FY25 net profit of ₹0.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.0 ₹0.0
+100.0% above
515147
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +51% above its own trend Operating margin expanded 136 bps YoY 27% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +467%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+18.5% +7.8%
125 116 105 Operating profit
+32.3% +20.5%
16.3 13.5 12.3 OPM %
+136 bps +139 bps
13.1% 11.7% 11.7% Other income
-56.4% -70.7%
1.8 6.3 4.2 Net profit?
+32.4% -22.5%
5.3 6.8 4.0 PAT margin %
+44 bps -165 bps
4.2% 5.9% 3.8% EPS (₹)
+32.4% -22.8%
0.98 1.27 0.74
Quality of profit
Pre-tax profit ₹6.9 Cr: core business ₹5.1 Cr, other income ₹1.8 Cr.
Core profit YoY: +466.7%
· reported profit +32.4%
Cash & debt
FY25 cash from operations ₹45.0 Cr:
239% of FY25 net profit of ₹18.8 Cr.
Borrowings ₹128 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹116 ₹125
+7.8% above Net profit ₹3.5 ₹5.3
+51.4% above
How to read this page
The numbers. Each card is one company's Q3 FY26 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter,
before minority interest. A company's own headline, and the AI read of its filing, often quote the profit
attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's
Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that
attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two
are the same.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 13 Oct 2026, 22:42 IST
