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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521105
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
36% 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
+18.0% -27.8%
70.2 97.3 59.5 Operating profit
-9.0% -13.4%
1.6 1.9 1.8 OPM %
-68 bps +38 bps
2.3% 1.9% 3.0% Other income
+5.3% +17.6%
0.2 0.2 0.2 Net profit
+48.3% -23.2%
0.4 0.6 0.3 PAT margin %
+12 bps +4 bps
0.6% 0.6% 0.5% EPS (₹)
+47.9% -23.7%
0.71 0.93 0.48
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.4 Cr, other income ₹0.2 Cr.
Core profit YoY: +40.0%
· reported profit +48.3%
Cash & debt
FY25 cash from operations −₹1.0 Cr:
-77% of FY25 net profit of ₹1.3 Cr.
Borrowings ₹57.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹65.7 ₹70.2
+6.8% above Net profit ₹0.4 ₹0.4
-3.6% in line
521216
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -51% below its own trend Operating margin contracted 316 bps YoY 68% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -79%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-19.7% -18.2%
55.3 67.6 68.9 Operating profit
-73.9% from loss 0.8 -1.4 3.2 OPM %
-316 bps +355 bps
1.5% -2.0% 4.7% Other income
+125.9% -71.8%
1.3 4.6 0.6 Net profit
-34.5% -25.2%
1.6 2.2 2.5 PAT margin %
-67 bps -28 bps
2.9% 3.2% 3.6% EPS (₹)
-34.5% -25.1%
2.09 2.79 3.19
Quality of profit
Pre-tax profit ₹1.9 Cr: core business ₹0.6 Cr, other income ₹1.3 Cr.
Core profit YoY: -78.5%
· reported profit -34.5%
Cash & debt
FY25 cash from operations −₹7.0 Cr:
-82% of FY25 net profit of ₹8.5 Cr.
Borrowings ₹7.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹99.2 ₹55.3
-44.3% below Net profit ₹3.3 ₹1.6
-51.3% below
521222
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -22% 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
— +290.0%
1.6 0.4 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.1 -0.1 OPM %
— +1865 bps
-3.8% -22.5% — Other income
-8.0% -8.0%
0.2 0.2 0.2 Net profit
-12.5% -26.3%
0.1 0.2 0.2 PAT margin %
— -3853 bps
9.0% 47.5% — EPS (₹)
-12.5% -26.3%
0.28 0.38 0.32
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
· reported profit -12.5%
Cash & debt
FY25 cash from operations −₹0.1 Cr:
-45% of FY25 net profit of ₹0.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.2 ₹0.1
-22.1% below
521244
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 526 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
+15.9% +12.2%
9.7 8.6 8.3 Operating profit
from loss -98.1%
0.0 0.5 -0.4 OPM %
+526 bps -616 bps
0.1% 6.3% -5.2% Other income
+41.4% +36.7%
0.4 0.3 0.3 Net profit?
from loss -44.8%
0.3 0.6 -0.3 PAT margin %
+703 bps -342 bps
3.3% 6.7% -3.7% EPS (₹)
from loss -44.7%
0.94 1.70 -0.91
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.0 Cr, other income ₹0.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹2.8 Cr:
273% of FY25 net profit of ₹1.0 Cr.
Borrowings ₹3.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.6 ₹9.7
+1.2% in line
522001
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +250% above its own trend Operating margin expanded 142 bps YoY 26% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +54%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+1.7% -16.8%
11.1 13.4 10.9 Operating profit
+24.3% -17.9%
0.9 1.1 0.7 OPM %
+142 bps -10 bps
7.8% 7.9% 6.4% Other income
+180.0% +16.7%
0.1 0.1 0.1 Net profit
+255.6% -51.5%
0.3 0.7 0.1 PAT margin %
+205 bps -206 bps
2.9% 4.9% 0.8% EPS (₹)
+226.7% -51.0%
0.49 1.00 0.15
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.4 Cr, other income ₹0.1 Cr.
Core profit YoY: +53.8%
· reported profit +255.6%
Cash & debt
FY25 cash from operations −₹1.8 Cr:
-91% of FY25 net profit of ₹1.9 Cr.
Borrowings ₹19.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.3 ₹11.1
+8.4% above Net profit ₹0.1 ₹0.3
+249.7% above
522091
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -69% below its own trend Operating margin contracted 979 bps YoY 26% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+9.5% -4.5%
8.3 8.7 7.5 Operating profit
-19.2% -42.5%
2.3 4.0 2.8 OPM %
-979 bps -1818 bps
27.5% 45.7% 37.3% Other income
+150.0% +94.4%
0.3 0.2 0.1 Net profit
-38.8% -59.0%
0.8 2.0 1.3 PAT margin %
-784 bps -1319 bps
9.9% 23.1% 17.8% EPS (₹)
-36.8% -58.6%
0.12 0.29 0.19
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹1.0 Cr, other income ₹0.3 Cr.
Core profit YoY: -29.8%
· reported profit -38.8%
Cash & debt
FY25 cash from operations ₹11.6 Cr:
268% of FY25 net profit of ₹4.4 Cr.
Borrowings ₹21.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.7 ₹8.3
-23.2% below Net profit ₹2.7 ₹0.8
-69.4% below
522105
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -20% below its own trend Operating margin contracted 722 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
+1.3% -9.7%
57.5 63.8 56.8 Operating profit
-99.8% -99.9%
0.0 7.9 4.1 OPM %
-722 bps -1242 bps
0.0% 12.4% 7.2% Other income
+400.0% —
4.0 0.2 0.8 Net profit?
+60.6% -67.6%
1.5 4.7 0.9 PAT margin %
+97 bps -468 bps
2.6% 7.3% 1.7% EPS (₹)
+57.1% -67.6%
0.22 0.68 0.14
Quality of profit
Pre-tax profit ₹1.6 Cr: core business −₹2.3 Cr, other income ₹4.0 Cr.
Core profit YoY: to loss
· reported profit +60.6%
Cash & debt
FY25 cash from operations ₹8.0 Cr:
137% of FY25 net profit of ₹5.8 Cr.
Borrowings ₹56.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹57.8 ₹57.5
-0.4% in line Net profit ₹1.9 ₹1.5
-19.7% below
522251
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -39% below its own trend Operating margin contracted 605 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
-4.7% -24.6%
15.9 21.1 16.7 Operating profit
-46.7% -52.0%
1.2 2.5 2.3 OPM %
-605 bps -437 bps
7.7% 12.0% 13.7% Other income
-7.7% +20.0%
0.6 0.5 0.7 Net profit
-44.8% -45.4%
1.1 2.0 1.9 PAT margin %
-489 bps -256 bps
6.7% 9.3% 11.6% EPS (₹)
-45.0% -45.5%
2.29 4.20 4.16
Quality of profit
Pre-tax profit ₹1.4 Cr: core business ₹0.8 Cr, other income ₹0.6 Cr.
Core profit YoY: -57.0%
· reported profit -44.8%
Cash & debt
FY25 cash from operations ₹4.5 Cr:
51% of FY25 net profit of ₹8.9 Cr.
Borrowings ₹4.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹15.7 ₹15.9
+1.8% in line Net profit ₹1.8 ₹1.1
-39.4% below
522294
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +607% above its own trend Operating margin expanded 603 bps YoY 25% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +329%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+26.5% +0.0%
25.0 25.0 19.8 Operating profit
+192.3% +6.0%
2.7 2.5 0.9 OPM %
+603 bps +60 bps
10.6% 10.0% 4.6% Other income
+132.4% +119.4%
0.8 0.4 0.3 Net profit
+383.0% +44.6%
2.6 1.8 0.5 PAT margin %
+756 bps +316 bps
10.2% 7.1% 2.7% EPS (₹)
+381.0% +44.7%
5.05 3.49 1.05
Quality of profit
Pre-tax profit ₹3.1 Cr: core business ₹2.4 Cr, other income ₹0.8 Cr.
Core profit YoY: +329.1%
· reported profit +383.0%
Cash & debt
FY25 cash from operations ₹34.0 Cr:
833% of FY25 net profit of ₹4.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹18.8 ₹25.0
+33.3% above Net profit ₹0.4 ₹2.6
+606.8% above
523019
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +287% above its own trend Operating margin expanded 1476 bps YoY 59% 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
+34.2% +21.9%
15.4 12.6 11.4 Operating profit
from loss +42.9%
2.0 1.4 -0.2 OPM %
+1476 bps +191 bps
13.0% 11.1% -1.7% Other income
-10.6% +10.2%
2.4 2.1 2.6 Net profit?
+93.5% +28.2%
3.0 2.3 1.6 PAT margin %
+598 bps +96 bps
19.5% 18.6% 13.5% EPS (₹)
+94.6% +28.6%
0.72 0.56 0.37
Quality of profit
Pre-tax profit ₹4.0 Cr: core business ₹1.6 Cr, other income ₹2.4 Cr.
Core profit YoY: from loss
· reported profit +93.5%
Cash & debt
FY25 cash from operations −₹22.6 Cr:
-241% of FY25 net profit of ₹9.4 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.9 ₹15.4
+55.4% above Net profit ₹0.8 ₹3.0
+287.1% above
523116
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +13% above its own trend Operating margin expanded 449 bps YoY 26% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+34.9% +19.0%
38.0 31.9 28.2 Operating profit
+202.0% +13.7%
3.1 2.7 1.0 OPM %
+449 bps -38 bps
8.1% 8.5% 3.6% Other income
-54.1% -89.0%
0.5 4.7 1.1 Net profit
+125.0% -78.0%
1.1 4.9 0.5 PAT margin %
+114 bps -1250 bps
2.8% 15.3% 1.7% EPS (₹)
+124.7% -78.0%
6.00 27.22 2.67
Quality of profit
Pre-tax profit ₹1.9 Cr: core business ₹1.4 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
· reported profit +125.0%
Cash & debt
FY25 cash from operations ₹7.0 Cr:
470% of FY25 net profit of ₹1.5 Cr.
Borrowings ₹10.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹34.5 ₹38.0
+10.2% above Net profit ₹1.0 ₹1.1
+12.5% above
523120
· Q3 FY26 · Consolidated
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
-87.3% -78.4%
0.1 0.4 0.6 Operating profit
loss widened loss narrowed -0.2 -0.4 -0.0 Other income
— —
0.8 0.0 0.0 Net profit?
from loss from loss 0.3 -0.4 -0.2 EPS (₹)
from loss from loss 0.36 -0.44 -0.39
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.2 Cr, other income ₹0.8 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹0.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.4 ₹0.1
-81.2% below
523186
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -30% below its own trend Operating margin contracted 462 bps YoY 27% 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
+5.5% -18.4%
33.3 40.8 31.6 Operating profit
-51.3% -72.7%
1.3 4.8 2.7 OPM %
-462 bps -788 bps
4.0% 11.8% 8.6% Other income
-58.8% -44.0%
0.3 0.5 0.7 Net profit
-45.9% -65.1%
1.1 3.2 2.0 PAT margin %
-316 bps -446 bps
3.3% 7.8% 6.5% EPS (₹)
-45.8% -65.1%
2.24 6.41 4.13
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.7 Cr, other income ₹0.3 Cr.
Core profit YoY: -66.7%
· reported profit -45.9%
Cash & debt
FY25 cash from operations ₹8.0 Cr:
81% of FY25 net profit of ₹9.8 Cr.
Borrowings ₹2.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹31.9 ₹33.3
+4.4% in line Net profit ₹1.6 ₹1.1
-30.1% below
523411
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +74% above its own trend Operating margin contracted 491 bps YoY 26% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -20%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+14.4% +4.8%
48.0 45.8 41.9 Operating profit
-19.0% +27.1%
5.7 4.5 7.1 OPM %
-491 bps +209 bps
11.9% 9.8% 16.8% Other income
+173.0% +106.1%
2.0 1.0 0.7 Net profit
+5.1% +42.2%
6.1 4.3 5.8 PAT margin %
-113 bps +336 bps
12.8% 9.4% 13.9% EPS (₹)
+5.2% +42.3%
13.33 9.37 12.67
Quality of profit
Pre-tax profit ₹7.6 Cr: core business ₹5.6 Cr, other income ₹2.0 Cr.
Core profit YoY: -19.8%
· reported profit +5.1%
Cash & debt
FY25 cash from operations ₹26.0 Cr:
106% of FY25 net profit of ₹24.5 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹40.3 ₹48.0
+18.9% above Net profit ₹3.5 ₹6.1
+74.0% above
523465
· 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 widened -0.1 -0.1 -0.1 Other income
+142.9% +183.3%
0.2 0.1 0.1 Net profit
from loss from loss 0.1 -0.0 -0.1 EPS (₹)
from loss from loss 0.06 -0.02 -0.05
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.3 Cr.
Borrowings ₹129 Cr at Mar 2025.
523475
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -92% below its own trend Operating margin contracted 1215 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
-8.9% -16.7%
134 160 147 Operating profit
to loss to loss -10.9 3.5 5.9 OPM %
-1215 bps -1037 bps
-8.2% 2.2% 4.0% Other income
— +257.9%
16.6 4.6 0.4 Net profit
-96.2% -90.3%
0.1 1.4 3.7 PAT margin %
-243 bps -79 bps
0.1% 0.9% 2.5% EPS (₹)
-96.2% -90.2%
0.11 1.12 2.90
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹16.0 Cr, other income ₹16.6 Cr.
Core profit YoY: to loss
· reported profit -96.2%
Cash & debt
FY25 cash from operations −₹130 Cr:
-754% of FY25 net profit of ₹17.2 Cr.
Borrowings ₹148 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹267 ₹134
-50.0% below Net profit ₹1.9 ₹0.1
-92.5% below
523566
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -76% 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
-100.0% —
0.0 0.0 0.1 Operating profit
loss widened loss narrowed -0.9 -0.9 -0.4 Other income
-10.7% -25.3%
1.3 1.8 1.5 Net profit
-63.7% -50.8%
0.3 0.6 0.8 EPS (₹)
-63.9% -50.9%
0.56 1.14 1.55
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.9 Cr, other income ₹1.3 Cr.
Core profit YoY: loss widened
· reported profit -63.7%
Cash & debt
FY25 cash from operations ₹15.3 Cr:
257% of FY25 net profit of ₹6.0 Cr.
Borrowings ₹0.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹0.0
-100.0% below Net profit ₹1.2 ₹0.3
-76.4% below
523594
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +22% above its own trend 34% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+2.1% -2.7%
2.9 3.0 2.8 Operating profit
+9.1% -23.4%
0.4 0.5 0.3 OPM %
+80 bps -338 bps
12.5% 15.9% 11.7% Other income
+41.7% -5.6%
0.2 0.2 0.1 Net profit
+23.3% -19.6%
0.4 0.5 0.3 PAT margin %
+221 bps -269 bps
12.8% 15.5% 10.6% EPS (₹)
+22.7% -19.4%
0.54 0.67 0.44
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.
Core profit YoY: +10.0%
· reported profit +23.3%
Cash & debt
FY25 cash from operations ₹2.1 Cr:
165% of FY25 net profit of ₹1.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.6 ₹2.9
+10.4% above Net profit ₹0.3 ₹0.4
+21.9% above
523620
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 2197 bps YoY 96% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+240.0% -3.0%
16.1 16.6 4.7 Operating profit
from loss -47.8%
0.8 1.6 -0.8 OPM %
+2197 bps -449 bps
5.2% 9.7% -16.7% Other income
— —
19.2 0.1 0.2 Net profit
from loss +835.1%
16.3 1.7 -0.7 EPS (₹)
from loss +834.5%
23.83 2.55 -1.03
Quality of profit
Pre-tax profit ₹19.9 Cr: core business ₹0.8 Cr, other income ₹19.2 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹0.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.1 ₹16.1
+286.9% above
523638
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 446 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
+47.0% +1.5%
85.0 83.7 57.8 Operating profit
+229.3% -9.2%
6.8 7.5 2.1 OPM %
+446 bps -94 bps
8.1% 9.0% 3.6% Other income
+710.5% +31.6%
1.5 1.2 0.2 Net profit?
from loss -64.5%
0.1 0.3 -3.9 PAT margin %
+693 bps -24 bps
0.1% 0.4% -6.8% EPS (₹)
from loss -62.5%
0.09 0.24 -3.10
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹1.3 Cr, other income ₹1.5 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹19.0 Cr.
Borrowings ₹104 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹56.1 ₹85.0
+51.5% above
523652
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -69% 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
loss widened loss widened -0.1 -0.1 -0.1 Other income
+0.0% +0.0%
0.1 0.1 0.1 Net profit
-75.0% -50.0%
0.0 0.0 0.0 EPS (₹)
-71.4% -50.0%
0.02 0.04 0.07
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 -75.0%
Cash & debt
FY25 cash from operations −₹0.5 Cr:
-540% of FY25 net profit of ₹0.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.0 ₹0.0
-69.1% below
523696
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +300% 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%
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.3 -0.4 -0.4 Other income
-7.1% +0.0%
0.5 0.5 0.6 Net profit?
+100.0% +100.0%
0.0 0.0 0.0 EPS (₹)
+0.0% +0.0%
0.01 0.01 0.01
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.3 Cr, other income ₹0.5 Cr.
Core profit YoY: loss narrowed
· reported profit +100.0%
Cash & debt
FY25 cash from operations ₹1.5 Cr:
385% of FY25 net profit of ₹0.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.0 ₹0.0
+300.0% above
523722
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +56% above its own trend Operating margin contracted 8333 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
+0.0% +20.0%
0.1 0.1 0.1 Operating profit
to loss loss narrowed -0.0 -0.1 0.0 OPM %
-8333 bps —
-33.3% — 50.0% Other income
+316.7% +78.6%
0.2 0.1 0.1 Net profit
-22.2% +75.0%
0.1 0.0 0.1 EPS (₹)
-20.0% +100.0%
0.04 0.02 0.05
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: to loss
· reported profit -22.2%
Cash & debt
FY25 cash from operations −₹0.1 Cr:
-600% of FY25 net profit of ₹0.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.1
-16.7% below Net profit ₹0.0 ₹0.1
+55.6% above
523752
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 642 bps YoY 68% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-57.2% -41.9%
6.5 11.3 15.3 Operating profit
+62.9% from loss 0.6 -0.2 0.3 OPM %
+642 bps +1012 bps
8.7% -1.4% 2.3% Other income
-13.6% +46.2%
0.4 0.3 0.4 Net profit?
+640.0% from loss 0.4 -0.3 0.1 PAT margin %
+532 bps +858 bps
5.6% -2.9% 0.3% EPS (₹)
+400.0% from loss 0.05 -0.05 0.01
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.2 Cr, other income ₹0.4 Cr.
Core profit YoY: from loss
· reported profit +640.0%
Cash & debt
FY25 cash from operations ₹0.6 Cr.
Borrowings ₹33.2 Cr at Mar 2025.
523832
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 420 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
+29.3% +194.1%
1.5 0.5 1.2 Operating profit
to loss loss narrowed -0.1 -0.4 0.0 OPM %
-420 bps +7118 bps
-3.3% -74.5% 0.9% Other income
+76.9% +109.1%
0.2 0.1 0.1 Net profit
+57.1% from loss 0.1 -0.3 0.1 PAT margin %
+130 bps +7400 bps
7.3% -66.7% 6.0% EPS (₹)
+50.0% from loss 0.09 -0.29 0.06
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
· reported profit +57.1%
Cash & debt
FY25 cash from operations −₹0.3 Cr.
Borrowings ₹3.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.8 ₹1.5
+84.3% above
523842
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -29% below its own trend 34% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-18.4% -3.7%
59.9 62.1 73.4 Operating profit
-16.5% +4.5%
4.4 4.2 5.3 OPM %
+17 bps +58 bps
7.3% 6.8% 7.2% Other income
-23.8% +2.1%
0.5 0.5 0.6 Net profit?
-32.2% +70.6%
1.2 0.7 1.7 PAT margin %
-39 bps +84 bps
1.9% 1.1% 2.3% EPS (₹)
-31.2% +83.3%
0.11 0.06 0.16
Quality of profit
Pre-tax profit ₹1.4 Cr: core business ₹0.9 Cr, other income ₹0.5 Cr.
Core profit YoY: -47.1%
· reported profit -32.2%
Cash & debt
FY25 cash from operations ₹46.0 Cr:
694% of FY25 net profit of ₹6.6 Cr.
Borrowings ₹73.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹78.6 ₹59.9
-23.8% below Net profit ₹1.6 ₹1.2
-28.5% below
523844
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 554 bps YoY 91% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -95%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-43.0% -54.0%
9.1 19.7 15.9 Operating profit
-89.0% -91.9%
0.1 1.5 1.1 OPM %
-554 bps -619 bps
1.3% 7.5% 6.9% Other income
-51.2% +21.9%
0.4 0.3 0.8 Net profit?
-67.7% -76.7%
0.3 1.3 1.0 PAT margin %
-262 bps -333 bps
3.4% 6.8% 6.0% EPS (₹)
-67.5% -76.4%
0.25 1.06 0.77
Quality of profit
Pre-tax profit ₹0.4 Cr: core business ₹0.0 Cr, other income ₹0.4 Cr.
Core profit YoY: -95.5%
· reported profit -67.7%
Cash & debt
FY25 cash from operations −₹26.2 Cr.
Borrowings ₹0.1 Cr at Mar 2025.
523888
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago 58% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
315 0.0 0.0 Operating profit
from loss from loss 2.3 -0.1 -0.0 OPM %
— —
0.7% — — Other income
— —
2.3 0.0 0.0 Net profit?
from loss from loss 3.3 -0.3 -0.0 PAT margin %
— —
1.0% — — EPS (₹)
from loss from loss 1.14 -0.18 -0.02
Quality of profit
Pre-tax profit ₹3.9 Cr: core business ₹1.6 Cr, other income ₹2.3 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹0.0 Cr.
Borrowings ₹2.0 Cr at Mar 2025.
524080
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 137 bps YoY 56% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +42%) FY25 operating cash flow was only 10% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-6.5% -10.0%
11.8 13.1 12.6 Operating profit
+26.5% -28.7%
0.6 0.9 0.5 OPM %
+137 bps -138 bps
5.3% 6.6% 3.9% Other income
-15.7% from loss 0.4 -0.0 0.5 Net profit
-6.6% +216.7%
0.6 0.2 0.6 PAT margin %
-0 bps +346 bps
4.8% 1.4% 4.8% EPS (₹)
-6.5% +213.5%
1.16 0.37 1.24
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.3 Cr, other income ₹0.4 Cr.
Core profit YoY: +41.7%
· reported profit -6.6%
Cash & debt
FY25 cash from operations ₹0.2 Cr:
10% of FY25 net profit of ₹1.8 Cr.
Borrowings ₹0.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.7 ₹11.8
-14.1% below Net profit ₹0.5 ₹0.6
+7.3% in line
524202
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +382% above its own trend Operating margin contracted 202 bps YoY 72% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+28.0% -10.7%
36.8 41.2 28.7 Operating profit
+3.0% -41.8%
3.1 5.3 3.0 OPM %
-202 bps -445 bps
8.3% 12.8% 10.3% Other income
+12.5% +70.3%
0.6 0.4 0.6 Net profit
+140.9% -75.5%
0.5 2.2 0.2 PAT margin %
+68 bps -380 bps
1.4% 5.2% 0.8% EPS (₹)
+147.1% -75.6%
0.42 1.72 0.17
Quality of profit
Pre-tax profit ₹0.9 Cr: core business ₹0.2 Cr, other income ₹0.6 Cr.
Core profit YoY: from loss
· reported profit +140.9%
Cash & debt
FY25 cash from operations ₹0.0 Cr:
0% of FY25 net profit of ₹5.2 Cr.
Borrowings ₹57.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹32.9 ₹36.8
+11.9% above Net profit ₹0.1 ₹0.5
+381.8% 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, 23:30 IST
