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, 22:42 IST 4316 declared
The next results season has started: 45 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 25 of 144

Skipper Limited

SKIPPER · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹6,453 Cr
P/E
28.7
PEG
0.34
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +20.7%+8.6% 1,3711,2621,135
Operating profit +27.5%+8.2% 141131111
OPM % +55 bps-4 bps 10.3%10.4%9.8%
Other income +14.9%+5.1% 4.34.13.7
Net profit? +46.3%+42.6% 52.837.036.1
PAT margin % +67 bps+92 bps 3.9%2.9%3.2%
EPS (₹) +38.2%+41.2% 4.633.283.35

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹68.0 Cr: core business ₹63.8 Cr, other income ₹4.3 Cr.

Core profit YoY: +43.2% · reported profit +46.3%

Cash & debt

FY25 cash from operations ₹153 Cr: 102% of FY25 net profit of ₹149 Cr.

Borrowings ₹740 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,297₹1,371 +5.6% above
Net profit₹57.0₹52.8 -7.4% in line
📊 Investor presentation (11 Aug) Detailed financials →

Mrs. Bectors Food Specialities Limited

BECTORFOOD · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹6,408 Cr
P/E
43.2
PEG
2.70
  • Profit +14% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.3%-3.3% 533551492
Operating profit +10.7%-1.9% 68.069.361.4
OPM % +28 bps+19 bps 12.8%12.6%12.5%
Other income +0.5%+6.0% 7.06.67.0
Net profit? +9.8%+4.1% 38.036.534.6
PAT margin % +10 bps+51 bps 7.1%6.6%7.0%
EPS (₹) +9.9%+4.2% 1.24adj. 1.19adj. 1.13

EPS restated for the ₹10 to ₹2 split of Dec 2025: Sep 2025 ₹5.95 to ₹1.19; Dec 2024 ₹5.64 to ₹1.13.

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹50.0 Cr: core business ₹43.0 Cr, other income ₹7.0 Cr.

Core profit YoY: +8.9% · reported profit +9.8%

Cash & debt

FY25 cash from operations ₹161 Cr: 112% of FY25 net profit of ₹143 Cr.

Borrowings ₹184 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹544₹533 -2.0% in line
Net profit₹33.3₹38.0 +14.1% above
📊 Investor presentation (07 Aug) Detailed financials →

Restaurant Brands Asia Limited

RBA · Hotels & Resorts · Q3 FY26 · Consolidated
M Cap
₹6,404 Cr
P/E
—
PEG
—
  • Operating margin expanded 164 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.8%+1.7% 715703639
Operating profit +28.7%+26.1% 89.571.069.6
OPM % +164 bps+243 bps 12.5%10.1%10.9%
Other income +17.9%+29.3% 10.38.08.8
Net profit? loss narrowedloss narrowed -47.9-63.0-54.7
PAT margin % +185 bps+225 bps -6.7%-9.0%-8.6%
EPS (₹) loss narrowedloss narrowed -0.75-1.01-1.01

Quality of profit

Pre-tax profit −₹47.9 Cr: core business −₹56.0 Cr, other income ₹10.3 Cr, exceptional & other items −₹2.3 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹350 Cr.

Borrowings ₹1,832 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹683₹715 +4.6% in line
📊 Investor presentation (03 Aug) Detailed financials →

Dilip Buildcon Limited

DBL · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹6,402 Cr
P/E
5.1
PEG
0.08
  • Profit +199% above its own trend
  • All of pre-tax profit came from other income or one-off items
  • FY25 operating cash flow was only 16% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -17.5%+11.0% 2,1381,9262,590
Operating profit -19.9%-18.9% 382471477
OPM % -55 bps-659 bps 17.9%24.5%18.4%
Other income +447.1%+295.3% 755191138
Net profit? +399.4%+268.7% 789214158
PAT margin % +3080 bps+2579 bps 36.9%11.1%6.1%
EPS (₹) +373.9%+249.0% 51.0914.6410.78

Quality of profit

Pre-tax profit ₹713 Cr: core business −₹42.0 Cr, other income ₹755 Cr.

Core profit YoY: to loss · reported profit +399.4%

Cash & debt

FY25 cash from operations ₹131 Cr: 16% of FY25 net profit of ₹840 Cr.

Borrowings ₹9,525 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,239₹2,138 -4.5% in line
Net profit₹264₹789 +199.1% above
📊 Investor presentation (10 Aug) Detailed financials →

BOROSIL RENEWABLES LIMITED

BORORENEW · Glass · Q3 FY26 · Consolidated
M Cap
₹6,383 Cr
P/E
15.3
PEG
0.22
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 3430 bps YoY
  • Exceptional items of ₹-16.7 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.0%+3.1% 390379361
Operating profit from loss+3.7% 123119-10.1
OPM % +3430 bps+21 bps 31.5%31.3%-2.8%
Other income -47.5%+377.8% 7.91.715.1
Net profit? from loss+62.7% 10061.6-30.1
PAT margin % +3398 bps+941 bps 25.7%16.3%-8.3%
EPS (₹) from loss+263.6% 7.201.98-2.05

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹122 Cr: core business ₹97.9 Cr, other income ₹7.9 Cr, exceptional & other items ₹16.5 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹100 Cr.

Borrowings ₹252 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹382₹390 +2.3% in line
📊 Investor presentation (07 Sep) Detailed financials →

Shivalik Bimetal Controls Limited

SBCL · Mining & Minerals · Q3 FY26 · Consolidated
M Cap
₹6,380 Cr
P/E
60.3
PEG
8.61
  • Operating margin expanded 396 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.7%-2.5% 134137123
Operating profit +30.3%+3.0% 32.031.124.6
OPM % +396 bps+127 bps 23.9%22.6%19.9%
Other income -42.9%-44.4% 2.03.63.5
Net profit? +20.6%-11.5% 22.024.918.2
PAT margin % +162 bps-167 bps 16.4%18.1%14.8%
EPS (₹) +21.5%-9.8% 3.854.273.17

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹30.0 Cr: core business ₹27.0 Cr, other income ₹2.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +30.5% · reported profit +20.6%

Cash & debt

FY25 cash from operations ₹94.0 Cr: 122% of FY25 net profit of ₹77.1 Cr.

Borrowings ₹42.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹131₹134 +2.6% in line
Net profit₹21.2₹22.0 +3.9% in line
📊 Investor presentation (20 May) Detailed financials →

Safari Industries (India) Limited

SAFARI · Leisure Products & Luggage · Q3 FY26 · Consolidated
M Cap
₹6,373 Cr
P/E
38.7
PEG
3.87
  • FY25 operating cash flow was only 40% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +15.7%-4.0% 512534443
Operating profit +11.1%-24.4% 56.074.050.4
OPM % -44 bps-294 bps 10.9%13.9%11.4%
Other income -16.3%+4.3% 6.05.87.2
Net profit? +6.0%-29.7% 33.046.931.1
PAT margin % -59 bps-235 bps 6.4%8.8%7.0%
EPS (₹) +5.3%-30.0% 6.719.586.37

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹42.0 Cr: core business ₹36.0 Cr, other income ₹6.0 Cr.

Core profit YoY: +7.1% · reported profit +6.0%

Cash & debt

FY25 cash from operations ₹57.0 Cr: 40% of FY25 net profit of ₹143 Cr.

Borrowings ₹125 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹513₹512 -0.2% in line
Net profit₹31.3₹33.0 +5.6% in line
Detailed financials →

Sapphire Foods India Limited

SAPPHIRE · Hotels & Resorts · Q3 FY26 · Consolidated
M Cap
₹6,329 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -133% below its own trend
  • Operating margin contracted 126 bps YoY
  • Exceptional items of ₹11.2 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +7.6%+9.6% 814742757
Operating profit -0.1%+31.5% 134102134
OPM % -126 bps+274 bps 16.5%13.8%17.8%
Other income -32.8%-23.7% 7.19.210.5
Net profit? to lossloss narrowed -4.8-12.812.7
PAT margin % -227 bps+113 bps -0.6%-1.7%1.7%
EPS (₹) to lossloss narrowed -0.15-0.400.37

Quality of profit

Pre-tax profit −₹3.4 Cr: core business ₹0.7 Cr, other income ₹7.1 Cr, exceptional & other items −₹11.2 Cr.

Core profit YoY: -88.1%

Against its own trend ?

TrendActualGap
Sales₹835₹814 -2.5% in line
Net profit₹14.6−₹4.8 -133.0% below
📊 Investor presentation (11 Aug) Detailed financials →

Spectrum Electrical Industries Limited

SPECTRUM · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹6,292 Cr
P/E
109.9
PEG
1.49
  • Profit +206% above its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +78.2%+7.2% 12711871.0
Operating profit +90.0%+26.7% 19.015.010.0
OPM % +93 bps+231 bps 15.0%12.7%14.1%
Other income —-50.0% 1.02.00.0
Net profit? +240.2%+27.6% 10.28.03.0
PAT margin % +384 bps+129 bps 8.1%6.8%4.2%
EPS (₹) +270.1%+30.6% 6.444.931.74

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹12.3 Cr: core business ₹11.0 Cr, other income ₹1.0 Cr.

Core profit YoY: +175.0% · reported profit +240.2%

Cash & debt

FY25 cash from operations −₹26.0 Cr: -92% of FY25 net profit of ₹28.1 Cr.

Borrowings ₹185 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹61.6₹127 +105.2% above
Net profit₹3.3₹10.2 +206.5% above
Detailed financials →

Suprajit Engineering Limited

SUPRAJIT · Auto Components · Q3 FY26 · Consolidated
M Cap
₹6,284 Cr
P/E
33.6
PEG
4.80
  • Profit -56% below its own trend
  • Operating margin contracted 197 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +17.7%+4.0% 979941832
Operating profit -2.1%-4.6% 95.099.697.0
OPM % -197 bps-88 bps 9.7%10.6%11.7%
Other income -77.5%-91.4% 3.034.713.3
Net profit? -61.1%-74.5% 13.050.933.4
PAT margin % -269 bps-409 bps 1.3%5.4%4.0%
EPS (₹) -62.7%-75.5% 0.913.712.44

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹41.0 Cr: core business ₹38.0 Cr, other income ₹3.0 Cr.

Core profit YoY: -19.1% · reported profit -61.1%

Cash & debt

FY25 cash from operations ₹185 Cr: 165% of FY25 net profit of ₹112 Cr.

Borrowings ₹817 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹947₹979 +3.4% in line
Net profit₹29.6₹13.0 -56.1% below
Detailed financials →

Nephrocare Health Services Limited

NEPHROPLUS · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹6,244 Cr
P/E
73.5
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +5.7% 260246
Operating profit -4.7% 61.064.0
OPM % -255 bps 23.5%26.0%
Other income -25.0% 3.04.0
Net profit? from loss 32.0-9.0
PAT margin % +1597 bps 12.3%-3.7%
EPS (₹) from loss 3.21-5.24

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹36.0 Cr: core business ₹33.0 Cr, other income ₹3.0 Cr.

📊 Investor presentation (11 Aug) Detailed financials →

Redtape Limited

REDTAPE · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹6,242 Cr
P/E
25.2
PEG
1.33
  • Profit +24% above its own trend
  • Profit grew faster than the core business (core profit +13%)
  • FY25 operating cash flow was only 2% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +18.4%+60.0% 787492665
Operating profit +14.2%+101.4% 14773.0129
OPM % -69 bps+384 bps 18.7%14.8%19.4%
Other income +518.8%+210.0% 31.010.05.0
Net profit? +43.7%+275.0% 10528.073.1
PAT margin % +235 bps+765 bps 13.3%5.7%11.0%
EPS (₹) +42.9%+278.0% 1.890.50adj. 1.32

EPS restated for the 3:1 bonus of Feb 2025: Dec 2024 ₹5.29 to ₹1.32.

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹137 Cr: core business ₹106 Cr, other income ₹31.0 Cr.

Core profit YoY: +12.8% · reported profit +43.7%

Cash & debt

FY25 cash from operations ₹4.0 Cr: 2% of FY25 net profit of ₹170 Cr.

Borrowings ₹724 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹707₹787 +11.4% above
Net profit₹84.8₹105 +23.8% above
📊 Investor presentation (10 Aug) Detailed financials →

Shrem InvIT

SHREMINVIT · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹6,231 Cr
P/E
8.1
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +46.0% 471323
Operating profit +250.3% 23867.9
OPM % +2947 bps 50.5%21.1%
Other income -90.6% 26.0278
Net profit? -35.9% 132206
PAT margin % -3580 bps 28.0%63.8%
EPS (₹) -34.9% 2.183.35

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹114 Cr: core business ₹86.0 Cr, other income ₹26.0 Cr, exceptional & other items ₹2.0 Cr.

Detailed financials →

Birla Corporation Limited

BIRLACORPN · Cement · Q3 FY26 · Consolidated
M Cap
₹6,204 Cr
P/E
11.2
PEG
0.08
  • Profit +27% above its own trend
  • Operating margin expanded 258 bps YoY
  • Exceptional items of ₹-34.1 Cr in the quarter
  • Core business grew faster than reported profit (core profit +267%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -4.3%-2.2% 2,1592,2072,257
Operating profit +18.2%-3.9% 293305248
OPM % +258 bps-25 bps 13.6%13.8%11.0%
Other income to lossto loss -15.027.015.4
Net profit? +69.1%-41.4% 52.890.031.2
PAT margin % +106 bps-163 bps 2.4%4.1%1.4%
EPS (₹) +68.7%-41.7% 6.8511.754.06

Quality of profit

Pre-tax profit ₹80.0 Cr: core business ₹95.0 Cr, other income −₹15.0 Cr.

Core profit YoY: +266.5% · reported profit +69.1%

Cash & debt

FY25 cash from operations ₹1,669 Cr: 565% of FY25 net profit of ₹295 Cr.

Borrowings ₹3,489 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,460₹2,159 -12.2% below
Net profit₹41.4₹52.8 +27.4% above
Detailed financials →

Le Travenues Technology Limited

IXIGO · Travel & Tourism · Q3 FY26 · Consolidated
M Cap
₹6,198 Cr
P/E
86.2
PEG
2.15
  • Profit +22% above its own trend
  • Operating margin contracted 132 bps YoY
  • 41% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +5%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +32.4%+13.1% 320283242
Operating profit +12.5%from loss 24.0-5.021.3
OPM % -132 bps+927 bps 7.5%-1.8%8.8%
Other income +314.8%+180.0% 14.05.03.4
Net profit? +54.4%from loss 24.0-3.015.5
PAT margin % +107 bps+856 bps 7.5%-1.1%6.4%
EPS (₹) +37.5%from loss 0.55-0.080.40

Quality of profit

Core 59%Other income & one-offs 41%

Pre-tax profit ₹32.0 Cr: core business ₹19.0 Cr, other income ₹14.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +5.1% · reported profit +54.4%

Cash & debt

FY25 cash from operations ₹122 Cr: 202% of FY25 net profit of ₹60.5 Cr.

Borrowings ₹40.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹379₹320 -15.6% below
Net profit₹19.6₹24.0 +22.3% above
📊 Investor presentation (21 May) Detailed financials →

Transrail Lighting Limited

TRANSRAILL · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹6,198 Cr
P/E
15.4
PEG
0.27
  • Profit -29% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +30.9%+15.8% 1,7771,5341,358
Operating profit +26.8%+23.4% 227184179
OPM % -41 bps+78 bps 12.8%12.0%13.2%
Other income to lossto loss -4.016.010.0
Net profit? +18.3%+20.9% 11091.093.0
PAT margin % -66 bps+26 bps 6.2%5.9%6.8%
EPS (₹) +17.7%+20.5% 8.176.786.94

Quality of profit

Pre-tax profit ₹151 Cr: core business ₹155 Cr, other income −₹4.0 Cr.

Core profit YoY: +33.6% · reported profit +18.3%

Cash & debt

FY25 cash from operations ₹287 Cr: 88% of FY25 net profit of ₹327 Cr.

Borrowings ₹661 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,915₹1,777 -7.2% below
Net profit₹154₹110 -28.5% below
📊 Investor presentation (07 Aug) Detailed financials →

Gokul Agro Resources Limited

GOKULAGRO · Edible Oils · Q3 FY26 · Consolidated
M Cap
₹6,142 Cr
P/E
14.6
PEG
0.36
  • Profit -25% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +26.6%-4.9% 6,3146,6384,988
Operating profit +15.9%-12.9% 162186140
OPM % -24 bps-24 bps 2.6%2.8%2.8%
Other income -2.5%-11.1% 8.09.08.2
Net profit? +4.4%-22.8% 78.010174.7
PAT margin % -26 bps-29 bps 1.2%1.5%1.5%
EPS (₹) +7.1%-23.3% 2.633.43adj. 2.46

EPS restated for the ₹2 to ₹1 split of Oct 2025: Dec 2024 ₹4.91 to ₹2.46.

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹109 Cr: core business ₹101 Cr, other income ₹8.0 Cr.

Core profit YoY: +22.0% · reported profit +4.4%

Cash & debt

FY25 cash from operations ₹467 Cr: 189% of FY25 net profit of ₹248 Cr.

Borrowings ₹544 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,902₹6,314 -8.5% below
Net profit₹104₹78.0 -24.8% below
📊 Investor presentation (20 Aug) Detailed financials →

Sun Pharma Advanced Research Company Limited

SPARC · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹6,135 Cr
P/E
3.9
PEG
0.04
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -46.3%+1.8% 8.07.914.9
Operating profit loss narrowedloss narrowed -57.0-65.7-73.7
Other income to lossto loss -12.00.00.2
Net profit? loss widenedloss widened -80.0-75.8-79.5
EPS (₹) loss widenedloss widened -2.48-2.34-2.45

Quality of profit

Pre-tax profit −₹80.0 Cr: core business −₹69.0 Cr, other income −₹12.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹360 Cr.

Borrowings ₹269 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹12.4₹8.0 -35.7% below
📊 Investor presentation (13 Jan) Detailed financials →

Krishana Phoschem Limited

KRISHANA · Fertilizers · Q3 FY26 · Consolidated
M Cap
₹6,103 Cr
P/E
—
PEG
—
  • Operating margin contracted 393 bps YoY
  • Core business grew faster than reported profit (core profit +92%)
₹ CrYoY Dec 2025Dec 2024
Sales +116.8% 659304
Operating profit +58.4% 70.144.3
OPM % -393 bps 10.6%14.6%
Other income +188.6% 4.41.5
Net profit? +62.3% 33.320.5
PAT margin % -170 bps 5.1%6.8%
EPS (₹) +62.3% 5.393.32

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹56.7 Cr: core business ₹52.3 Cr, other income ₹4.4 Cr.

Core profit YoY: +91.6% · reported profit +62.3%

Detailed financials →

Innova Captab Limited

INNOVACAP · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹6,094 Cr
P/E
12.3
PEG
0.44
  • Profit +18% above its own trend
  • FY25 operating cash flow was only 50% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +42.3%+18.5% 450380316
Operating profit +49.0%+33.5% 69.452.046.6
OPM % +70 bps+173 bps 15.4%13.7%14.7%
Other income -61.8%-21.1% 1.72.14.3
Net profit? +23.2%+40.5% 42.130.034.2
PAT margin % -145 bps+147 bps 9.4%7.9%10.8%
EPS (₹) +23.5%+42.3% 7.375.185.97

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹55.7 Cr: core business ₹54.0 Cr, other income ₹1.7 Cr.

Core profit YoY: +30.9% · reported profit +23.2%

Cash & debt

FY25 cash from operations ₹64.0 Cr: 50% of FY25 net profit of ₹128 Cr.

Borrowings ₹338 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹378₹450 +19.1% above
Net profit₹35.6₹42.1 +18.4% above
📊 Investor presentation (11 Aug) Detailed financials →

Senores Pharmaceuticals Limited

SENORES · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹6,084 Cr
P/E
46.4
PEG
0.33
  • Operating margin expanded 601 bps YoY
  • Core business grew faster than reported profit (core profit +166%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +69.4%+7.9% 175162103
Operating profit +110.3%+9.1% 54.049.525.7
OPM % +601 bps+33 bps 30.9%30.6%24.9%
Other income -26.7%-30.1% 3.85.45.2
Net profit? +104.4%+11.5% 33.630.116.4
PAT margin % +329 bps+62 bps 19.2%18.6%15.9%
EPS (₹) +44.6%+11.5% 7.296.545.04

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹44.6 Cr: core business ₹40.8 Cr, other income ₹3.8 Cr.

Core profit YoY: +166.4% · reported profit +104.4%

Cash & debt

FY25 cash from operations −₹46.0 Cr: -79% of FY25 net profit of ₹58.4 Cr.

Borrowings ₹315 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹150₹175 +16.6% above
Net profit₹32.9₹33.6 +2.2% in line
📊 Investor presentation (27 Jul) Detailed financials →

Dodla Dairy Limited

DODLA · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹6,049 Cr
P/E
24.6
PEG
0.79
  • Profit -14% below its own trend
  • Operating margin contracted 295 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.8%+0.6% 1,0251,019901
Operating profit -17.7%-15.1% 79.093.096.0
OPM % -295 bps-142 bps 7.7%9.1%10.7%
Other income -45.5%-45.5% 6.011.011.0
Net profit? +7.8%+4.5% 69.066.064.0
PAT margin % -37 bps+25 bps 6.7%6.5%7.1%
EPS (₹) +8.1%+4.6% 11.3910.8910.54

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹63.0 Cr: core business ₹56.0 Cr, other income ₹6.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -25.3% · reported profit +7.8%

Cash & debt

FY25 cash from operations ₹520 Cr: 200% of FY25 net profit of ₹260 Cr.

Borrowings ₹42.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,018₹1,025 +0.7% in line
Net profit₹79.8₹69.0 -13.6% below
📊 Investor presentation (25 Jul) Detailed financials →

Centum Electronics Limited

CENTUM · Electronic Components · Q3 FY26 · Consolidated
M Cap
₹6,045 Cr
P/E
73.1
PEG
0.62
  • Operating margin expanded 666 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -15.7%-18.4% 237291281
Operating profit +65.9%+79.3% 32.117.919.3
OPM % +666 bps+738 bps 13.5%6.2%6.9%
Other income to lossto loss -92.210.72.3
Net profit? loss widenedto loss -62.04.2-19.3
PAT margin % -1932 bps-2763 bps -26.2%1.5%-6.9%
EPS (₹) loss widenedto loss -42.112.96-12.79

Quality of profit

Pre-tax profit −₹69.5 Cr: core business ₹22.7 Cr, other income −₹92.2 Cr.

Cash & debt

FY25 cash from operations −₹29.0 Cr.

Borrowings ₹187 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹332₹237 -28.6% below
📊 Investor presentation (01 Sep) Detailed financials →

Campus Activewear Limited

CAMPUS · Footwear & Leather · Q3 FY26 · Consolidated
M Cap
₹6,006 Cr
P/E
—
PEG
—
  • Operating margin expanded 277 bps YoY
₹ CrYoY Dec 2025Dec 2024
Sales +14.3% 589515
Operating profit +34.2% 11082.2
OPM % +277 bps 18.7%16.0%
Other income +48.6% 5.53.7
Net profit? +37.0% 63.746.5
PAT margin % +179 bps 10.8%9.0%
EPS (₹) +36.8% 2.081.52

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹86.1 Cr: core business ₹80.6 Cr, other income ₹5.5 Cr.

Core profit YoY: +36.7% · reported profit +37.0%

📊 Investor presentation (06 Aug) Detailed financials →

Jai Balaji Industries Limited

JAIBALAJI · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹5,977 Cr
P/E
41.3
PEG
—
  • Profit -81% below its own trend
  • Operating margin contracted 868 bps YoY
  • 53% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -10.6%-1.8% 1,3291,3531,486
Operating profit -71.4%-24.4% 54.471.9190
OPM % -868 bps-122 bps 4.1%5.3%12.8%
Other income -55.7%-42.5% 7.813.517.5
Net profit? -90.4%-56.4% 11.626.5120
PAT margin % -723 bps-109 bps 0.9%2.0%8.1%
EPS (₹) -90.2%-55.2% 0.130.291.32

Quality of profit

Core 47%Other income & one-offs 53%

Pre-tax profit ₹14.7 Cr: core business ₹6.9 Cr, other income ₹7.8 Cr.

Core profit YoY: -95.5% · reported profit -90.4%

Cash & debt

FY25 cash from operations ₹311 Cr: 56% of FY25 net profit of ₹557 Cr.

Borrowings ₹459 Cr at Sep 2025, against ₹559 Cr at Mar 2025 (-18%).

Against its own trend ?

TrendActualGap
Sales₹1,286₹1,329 +3.3% in line
Net profit₹60.2₹11.6 -80.8% below
📊 Investor presentation (14 Aug) Detailed financials →

Technocraft Industries (India) Limited

TIIL · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹5,968 Cr
P/E
17.1
PEG
8.55
  • Profit +25% above its own trend
  • 38% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -11%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +2.7%-12.0% 662752644
Operating profit +0.6%-24.9% 93.012492.5
OPM % -30 bps-242 bps 14.0%16.5%14.3%
Other income +349.9%+31.5% 28.021.36.2
Net profit? +30.3%-31.8% 54.079.241.4
PAT margin % +173 bps-237 bps 8.2%10.5%6.4%
EPS (₹) +30.1%-30.6% 23.4633.8018.03

Quality of profit

Core 62%Other income & one-offs 38%

Pre-tax profit ₹74.0 Cr: core business ₹46.0 Cr, other income ₹28.0 Cr.

Core profit YoY: -10.8% · reported profit +30.3%

Cash & debt

FY25 cash from operations ₹276 Cr: 105% of FY25 net profit of ₹263 Cr.

Borrowings ₹846 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹767₹662 -13.7% below
Net profit₹43.4₹54.0 +24.5% above
📊 Investor presentation (13 Aug) Detailed financials →

GMM Pfaudler Limited

GMMPFAUDLR · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹5,941 Cr
P/E
87.9
PEG
—
  • Into loss: a profit a year ago
  • Profit -117% below its own trend
  • Exceptional items of ₹56.3 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.2%-2.1% 884902801
Operating profit +9.5%-13.7% 10512295.9
OPM % -8 bps-159 bps 11.9%13.5%12.0%
Other income -66.4%-1.1% 8.78.825.8
Net profit? to lossto loss -8.939.440.0
PAT margin % -600 bps-537 bps -1.0%4.4%5.0%
EPS (₹) to lossto loss -1.789.229.23

Quality of profit

Pre-tax profit −₹13.5 Cr: core business ₹34.1 Cr, other income ₹8.7 Cr, exceptional & other items −₹56.3 Cr.

Core profit YoY: -4.8%

Cash & debt

FY25 cash from operations ₹378 Cr: 710% of FY25 net profit of ₹53.2 Cr.

Borrowings ₹850 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹842₹884 +4.9% in line
Net profit₹52.1−₹8.9 -117.1% below
📊 Investor presentation (05 Aug) Detailed financials →

JK Lakshmi Cement Limited

JKLAKSHMI · Cement · Q3 FY26 · Consolidated
M Cap
₹5,920 Cr
P/E
16.0
PEG
2.28
  • Profit -13% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.1%+3.7% 1,5881,5321,497
Operating profit +1.6%-1.4% 205208202
OPM % -57 bps-67 bps 12.9%13.6%13.5%
Other income +10.6%-56.5% 10.023.09.0
Net profit? -5.7%-29.6% 57.081.060.5
PAT margin % -45 bps-170 bps 3.6%5.3%4.0%
EPS (₹) -9.3%-29.8% 4.586.525.05

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹75.0 Cr: core business ₹65.0 Cr, other income ₹10.0 Cr.

Core profit YoY: -19.0% · reported profit -5.7%

Cash & debt

FY25 cash from operations ₹783 Cr: 288% of FY25 net profit of ₹272 Cr.

Borrowings ₹2,614 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,631₹1,588 -2.6% in line
Net profit₹65.3₹57.0 -12.7% below
Detailed financials →

Rashi Peripherals Limited

RPTECH · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹5,912 Cr
P/E
18.2
PEG
0.59
  • Profit +107% above its own trend
  • Operating margin expanded 230 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +37.8%-6.3% 3,8944,1552,826
Operating profit +453.9%+14.4% 11910421.5
OPM % +230 bps+55 bps 3.1%2.5%0.8%
Other income -75.2%+200.0% 12.04.048.4
Net profit? +133.9%+27.1% 75.059.032.1
PAT margin % +79 bps+51 bps 1.9%1.4%1.1%
EPS (₹) +131.1%+25.7% 11.168.884.83

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹99.0 Cr: core business ₹87.0 Cr, other income ₹12.0 Cr.

Core profit YoY: from loss · reported profit +133.9%

Cash & debt

FY25 cash from operations −₹299 Cr: -142% of FY25 net profit of ₹210 Cr.

Borrowings ₹910 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,922₹3,894 +33.3% above
Net profit₹36.1₹75.0 +107.5% above
📊 Investor presentation (04 Aug) Detailed financials →

Balu Forge Industries Limited

BALUFORGE · Castings & Forgings · Q3 FY26 · Consolidated
M Cap
₹5,908 Cr
P/E
22.0
PEG
0.25
  • Profit -38% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +21.6%+3.7% 311300256
Operating profit +25.6%+2.4% 85.083.067.7
OPM % +86 bps-34 bps 27.3%27.7%26.5%
Other income -58.2%+33.3% 4.03.09.6
Net profit? +20.3%+9.2% 71.065.059.0
PAT margin % -24 bps+116 bps 22.8%21.7%23.1%
EPS (₹) +12.0%+8.2% 6.185.715.52

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹81.0 Cr: core business ₹77.0 Cr, other income ₹4.0 Cr.

Core profit YoY: +19.2% · reported profit +20.3%

Cash & debt

FY25 cash from operations ₹148 Cr: 72% of FY25 net profit of ₹204 Cr.

Borrowings ₹40.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹386₹311 -19.5% below
Net profit₹115₹71.0 -38.4% below
📊 Investor presentation (24 Jun) 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