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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524238
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -67% below its own trend Operating margin contracted 1441 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
-48.3% +3.2%
1.6 1.6 3.1 Operating profit
to loss to loss -0.1 0.0 0.3 OPM %
-1441 bps -742 bps
-5.5% 1.9% 8.9% Other income
— +133.3%
0.1 0.1 0.0 Net profit
-81.0% -42.9%
0.0 0.1 0.2 PAT margin %
-421 bps -198 bps
2.5% 4.4% 6.7% EPS (₹)
-100.0% —
0.00 0.00 0.01
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss
· reported profit -81.0%
Cash & debt
FY25 cash from operations −₹1.6 Cr:
-153% of FY25 net profit of ₹1.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.5 ₹1.6
-34.3% below Net profit ₹0.1 ₹0.0
-67.3% below
524400
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -56% below its own trend Operating margin contracted 281 bps YoY 53% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -64%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-24.0% +2.3%
3.1 3.1 4.1 Operating profit
-53.3% -22.2%
0.1 0.2 0.3 OPM %
-281 bps -140 bps
4.5% 5.9% 7.3% Other income
+42.9% +42.9%
0.1 0.1 0.1 Net profit
-33.3% +14.3%
0.2 0.1 0.2 PAT margin %
-72 bps +54 bps
5.1% 4.6% 5.8% EPS (₹)
-32.5% +14.9%
0.54 0.47 0.80
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: -64.0%
· reported profit -33.3%
Cash & debt
FY25 cash from operations −₹3.6 Cr:
-418% of FY25 net profit of ₹0.9 Cr.
Borrowings ₹3.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.7 ₹3.1
-33.9% below Net profit ₹0.4 ₹0.2
-56.1% below
524434
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 520 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
-10.5% -79.2%
9.1 43.7 10.2 Operating profit
from loss +40.0%
0.1 0.1 -0.5 OPM %
+520 bps +66 bps
0.8% 0.1% -4.4% Other income
— from loss 0.1 -0.1 0.0 Net profit
from loss from loss 0.1 -0.1 -0.5 PAT margin %
+553 bps +122 bps
1.1% -0.1% -4.4% EPS (₹)
from loss from loss 0.04 -0.02 -0.18
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹3.6 Cr.
Borrowings ₹0.9 Cr at Mar 2025.
524444
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +383% above its own trend 67% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +117%) Operating cash flow was negative in FY25 despite a profit Borrowings up 217% since Mar 2025
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+16.3% -1.9%
25.2 25.7 21.7 Operating profit
+47.1% +150.0%
0.2 0.1 0.2 OPM %
+21 bps +60 bps
1.0% 0.4% 0.8% Other income
+160.0% -39.5%
0.3 0.4 0.1 Net profit?
+141.7% -21.6%
0.3 0.4 0.1 PAT margin %
+60 bps -29 bps
1.1% 1.4% 0.6% EPS (₹)
— —
0.00 0.00 0.00
Quality of profit
Pre-tax profit ₹0.4 Cr: core business ₹0.1 Cr, other income ₹0.3 Cr.
Core profit YoY: +116.7%
· reported profit +141.7%
Cash & debt
FY25 cash from operations −₹2.0 Cr:
-124% of FY25 net profit of ₹1.6 Cr.
Borrowings ₹1,222 Cr at Sep 2025, against ₹386 Cr at Mar 2025 (+217% ).
Against its own trend ?
Trend Actual Gap
Sales ₹21.7 ₹25.2
+16.1% above Net profit ₹0.1 ₹0.3
+383.3% above
524458
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -98% below its own trend Operating margin contracted 1140 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
-70.2% -55.2%
1.3 2.8 4.2 Operating profit
to loss loss widened -0.1 -0.0 0.2 OPM %
-1140 bps -643 bps
-7.1% -0.7% 4.3% Other income
-15.4% -26.7%
0.1 0.1 0.1 Net profit
-95.2% -88.9%
0.0 0.1 0.2 PAT margin %
-417 bps -241 bps
0.8% 3.2% 5.0% EPS (₹)
-95.7% -90.0%
0.01 0.10 0.23
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss
· reported profit -95.2%
Cash & debt
FY25 cash from operations ₹0.4 Cr:
106% of FY25 net profit of ₹0.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.6 ₹1.3
-83.5% below Net profit ₹0.4 ₹0.0
-97.6% below
524480
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 1273 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
-9.1% +25.0%
40.0 32.0 44.0 Operating profit
loss widened to loss -6.0 2.0 -1.0 OPM %
-1273 bps -2125 bps
-15.0% 6.2% -2.3% Other income
from loss -38.1%
13.0 21.0 -53.0 Net profit?
loss narrowed to loss -1.0 14.0 -54.0 PAT margin %
— -4625 bps
-2.5% 43.8% — EPS (₹)
loss narrowed to loss -2.23 18.99 -50.56
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹12.0 Cr, other income ₹13.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹28.0 Cr.
Borrowings ₹101 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹26.4 ₹40.0
+51.3% above
524506
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -35% below its own trend Operating margin contracted 1872 bps YoY 67% 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
-6.2% +13.3%
21.6 19.0 23.0 Operating profit
-70.1% -61.7%
1.9 4.9 6.3 OPM %
-1872 bps -1719 bps
8.8% 26.0% 27.5% Other income
-1.2% -17.8%
2.5 3.0 2.5 Net profit
-54.7% -52.2%
2.8 5.8 6.1 PAT margin %
-1381 bps -1769 bps
12.9% 30.6% 26.7% EPS (₹)
-54.7% -52.2%
7.78 16.29 17.19
Quality of profit
Pre-tax profit ₹3.7 Cr: core business ₹1.2 Cr, other income ₹2.5 Cr.
Core profit YoY: -79.3%
· reported profit -54.7%
Cash & debt
FY25 cash from operations −₹1.0 Cr:
-4% of FY25 net profit of ₹24.1 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹18.0 ₹21.6
+19.6% above Net profit ₹4.3 ₹2.8
-35.4% below
524516
· 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 -0.0 -0.0 -0.1 Other income
— +20.0%
0.1 0.1 0.0 Net profit
from loss +300.0%
0.0 0.0 -0.1 EPS (₹)
from loss +200.0%
0.03 0.01 -0.10
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹0.4 Cr:
98% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
524522
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 400 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
-11.9% -46.1%
1.0 1.8 1.1 Operating profit
loss narrowed loss narrowed -0.5 -0.6 -0.5 OPM %
-400 bps -1413 bps
-49.0% -34.8% -45.0% Other income
from loss from loss 2.3 -3.8 -1.4 Net profit
from loss from loss 1.6 -4.3 -2.0 EPS (₹)
from loss from loss 1.95 -5.39 -2.55
Quality of profit
Pre-tax profit ₹1.7 Cr: core business −₹0.6 Cr, other income ₹2.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹6.5 Cr:
-325% of FY25 net profit of ₹2.0 Cr.
Borrowings ₹0.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.5 ₹1.0
+76.1% above
524576
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +17% above its own trend Operating margin contracted 169 bps YoY 65% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+91.8% +5.8%
14.7 13.9 7.7 Operating profit
+24.3% -22.0%
0.5 0.6 0.4 OPM %
-169 bps -112 bps
3.1% 4.2% 4.8% Other income
+30.8% +13.3%
0.2 0.1 0.1 Net profit
+111.1% +11.8%
0.2 0.2 0.1 PAT margin %
+12 bps +7 bps
1.3% 1.2% 1.2% EPS (₹)
+110.0% +10.5%
0.21 0.19 0.10
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: —
· reported profit +111.1%
Cash & debt
FY25 cash from operations ₹2.2 Cr:
574% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹2.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.3 ₹14.7
+77.2% above Net profit ₹0.2 ₹0.2
+16.7% above
524580
· 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 —
-0.0 -0.0 -0.1 Other income
— —
8.0 0.0 0.0 Net profit
from loss from loss 7.1 -0.9 -1.1 EPS (₹)
from loss from loss 23.75 -3.16 -3.50
Quality of profit
Pre-tax profit ₹7.1 Cr: core business −₹0.9 Cr, other income ₹8.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.2 Cr.
Borrowings ₹26.1 Cr at Mar 2025.
524582
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -83% below its own trend Operating margin contracted 704 bps YoY 60% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-7.3% +3.0%
91.9 89.2 99.2 Operating profit
-55.7% +33.2%
5.9 4.5 13.4 OPM %
-704 bps +146 bps
6.5% 5.0% 13.5% Other income
from loss +475.7%
2.1 0.4 -0.1 Net profit
-66.9% —
2.5 0.2 7.4 PAT margin %
-481 bps +243 bps
2.7% 0.2% 7.5% EPS (₹)
-66.8% —
2.57 0.23 7.75
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹1.4 Cr, other income ₹2.1 Cr.
Core profit YoY: -84.3%
· reported profit -66.9%
Cash & debt
FY25 cash from operations ₹49.0 Cr:
650% of FY25 net profit of ₹7.5 Cr.
Borrowings ₹136 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹110 ₹91.9
-16.2% below Net profit ₹14.9 ₹2.5
-83.4% below
524640
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +59% above its own trend Operating margin expanded 191 bps YoY 26% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +271%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+48.4% +16.9%
38.4 32.9 25.9 Operating profit
+75.9% +73.3%
4.7 2.7 2.7 OPM %
+191 bps +397 bps
12.2% 8.2% 10.3% Other income
-3.2% -38.4%
0.9 1.5 0.9 Net profit
+140.6% +57.8%
2.4 1.5 1.0 PAT margin %
+242 bps +164 bps
6.3% 4.7% 3.9% EPS (₹)
+140.8% +57.3%
1.18 0.75 0.49
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹2.6 Cr, other income ₹0.9 Cr.
Core profit YoY: +271.4%
· reported profit +140.6%
Cash & debt
FY25 cash from operations ₹19.0 Cr:
375% of FY25 net profit of ₹5.1 Cr.
Borrowings ₹28.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹30.3 ₹38.4
+26.8% above Net profit ₹1.5 ₹2.4
+59.4% above
524661
· 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
-100.0% -100.0%
0.0 66.0 1.0 Operating profit
— -100.0%
0.0 11.0 0.0 Other income
— —
1.0 0.0 0.0 Net profit
— -87.5%
1.0 8.0 0.0 EPS (₹)
— -87.0%
adj. 0.010.07 0.00
EPS restated for the 1:10 bonus of Oct 2025: Dec 2025 ₹0.01 to ₹0.01.
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.0 Cr, other income ₹1.0 Cr.
Cash & debt
FY25 cash from operations −₹222 Cr:
-4440% of FY25 net profit of ₹5.0 Cr.
Borrowings ₹123 Cr at Mar 2025.
524675
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 501 bps YoY 36% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-0.6% +4.0%
11.0 10.6 11.1 Operating profit
+275.0% +294.7%
0.8 0.2 0.2 OPM %
+501 bps +502 bps
6.8% 1.8% 1.8% Other income
+162.5% +133.3%
0.2 0.1 0.1 Net profit
from loss from loss 0.6 -0.0 -0.0 PAT margin %
+554 bps +564 bps
5.4% -0.3% -0.2% EPS (₹)
from loss from loss 0.34 -0.02 -0.01
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.4 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹2.5 Cr:
123% of FY25 net profit of ₹2.1 Cr.
Borrowings ₹0.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹12.3 ₹11.0
-10.5% below
524731
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -24% below its own trend Operating margin contracted 805 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
+16.2% -6.5%
43.0 46.0 37.0 Operating profit
-22.2% -46.2%
7.0 13.0 9.0 OPM %
-805 bps -1198 bps
16.3% 28.3% 24.3% Other income
+0.0% +0.0%
2.0 2.0 2.0 Net profit
-14.3% -40.0%
6.0 10.0 7.0 PAT margin %
-497 bps -779 bps
14.0% 21.7% 18.9% EPS (₹)
-8.9% -41.6%
13.44 23.02 14.75
Quality of profit
Pre-tax profit ₹8.0 Cr: core business ₹6.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -25.0%
· reported profit -14.3%
Cash & debt
FY25 cash from operations ₹28.0 Cr:
85% of FY25 net profit of ₹33.0 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹39.6 ₹43.0
+8.5% above Net profit ₹7.9 ₹6.0
-24.4% below
524768
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +999% 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
-10.0% +0.0%
0.1 0.1 0.1 Operating profit
loss widened loss narrowed -0.3 -0.4 -0.3 Other income
+14.0% -9.3%
0.5 0.5 0.4 Net profit
+500.0% +9.1%
0.1 0.1 0.0 EPS (₹)
+500.0% +9.1%
0.24 0.22 0.04
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.4 Cr, other income ₹0.5 Cr.
Core profit YoY: loss widened
· reported profit +500.0%
Cash & debt
FY25 cash from operations ₹0.2 Cr:
69% of FY25 net profit of ₹0.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.1
+26.0% above Net profit ₹0.0 ₹0.1
+999.0% above
524818
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
37% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-2.4% -21.1%
14.1 17.9 14.4 Operating profit
-5.4% -28.1%
0.9 1.2 0.9 OPM %
-20 bps -60 bps
6.2% 6.8% 6.4% Other income
-70.0% -86.4%
0.0 0.2 0.1 Net profit
— -86.1%
0.1 0.4 0.0 PAT margin %
+35 bps -166 bps
0.4% 2.0% 0.0% EPS (₹)
— -85.7%
0.17 1.19 0.00
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.1 Cr, other income ₹0.0 Cr.
Cash & debt
FY25 cash from operations ₹3.0 Cr:
191% of FY25 net profit of ₹1.6 Cr.
Borrowings ₹16.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹20.7 ₹14.1
-31.8% below
526073
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +73% above its own trend Operating margin contracted 1431 bps YoY 78% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -83%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-5.6% -2.6%
14.7 15.1 15.6 Operating profit
-60.6% from loss 1.5 -1.4 3.8 OPM %
-1431 bps +1968 bps
10.3% -9.4% 24.6% Other income
from loss from loss 1.8 -0.0 -1.3 Net profit
+17.0% from loss 1.8 -2.1 1.5 PAT margin %
+236 bps +2642 bps
12.2% -14.2% 9.8% EPS (₹)
+17.0% from loss 5.63 -6.76 4.81
Quality of profit
Pre-tax profit ₹2.3 Cr: core business ₹0.5 Cr, other income ₹1.8 Cr.
Core profit YoY: -82.6%
· reported profit +17.0%
Cash & debt
FY25 cash from operations −₹1.9 Cr:
-14% of FY25 net profit of ₹13.7 Cr.
Borrowings ₹29.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹10.5 ₹14.7
+40.6% above Net profit ₹1.0 ₹1.8
+72.9% above
526095
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1247 bps YoY 90% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+9.1% -27.6%
9.1 12.6 8.3 Operating profit
+676.5% -61.6%
1.3 3.4 0.2 OPM %
+1247 bps -1286 bps
14.5% 27.4% 2.0% Other income
+960.0% -44.8%
0.5 1.0 0.1 Net profit
from loss -89.5%
0.3 2.5 -1.6 PAT margin %
+2216 bps -1679 bps
2.9% 19.6% -19.3% EPS (₹)
from loss -89.3%
0.25 2.33 -1.52
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.1 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹2.3 Cr.
Borrowings ₹51.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹14.5 ₹9.1
-37.2% below
526117
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -95% below its own trend Operating margin expanded 263 bps YoY 86% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-43.6% +97.3%
6.6 3.4 11.7 Operating profit
-19.4% from loss 0.6 -1.1 0.7 OPM %
+263 bps +4042 bps
8.8% -31.6% 6.1% Other income
+141.5% -11.6%
1.0 1.1 0.4 Net profit?
-94.2% from loss 0.0 -0.3 0.5 PAT margin %
-399 bps +851 bps
0.5% -8.1% 4.4% EPS (₹)
-94.1% from loss 0.12 -1.05 2.02
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.2 Cr, other income ₹1.0 Cr.
Core profit YoY: -38.5%
· reported profit -94.2%
Cash & debt
FY25 cash from operations ₹14.4 Cr:
373% of FY25 net profit of ₹3.8 Cr.
Borrowings ₹51.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.4 ₹6.6
+3.6% in line Net profit ₹0.6 ₹0.0
-94.8% below
526137
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +214% above its own trend 32% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +5%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+7.4% -7.8%
55.7 60.4 51.8 Operating profit
-4.5% -0.8%
3.9 3.9 4.0 OPM %
-86 bps +49 bps
6.9% 6.4% 7.8% Other income
+480.0% +31.8%
0.3 0.2 0.1 Net profit
+85.0% -64.8%
0.4 1.1 0.2 PAT margin %
+28 bps -107 bps
0.7% 1.7% 0.4% EPS (₹)
+86.4% -65.0%
0.41 1.17 0.22
Quality of profit
Pre-tax profit ₹0.9 Cr: core business ₹0.6 Cr, other income ₹0.3 Cr.
Core profit YoY: +5.0%
· reported profit +85.0%
Cash & debt
FY25 cash from operations ₹22.0 Cr:
714% of FY25 net profit of ₹3.1 Cr.
Borrowings ₹46.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹54.5 ₹55.7
+2.2% in line Net profit ₹0.1 ₹0.4
+214.2% above
526211
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -56% below its own trend Operating margin expanded 3627 bps YoY All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 46% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+316.4% -13.8%
12.4 14.4 3.0 Operating profit
from loss -96.6%
0.1 1.8 -1.1 OPM %
+3627 bps -1184 bps
0.5% 12.3% -35.8% Other income
+8.1% +680.6%
2.8 0.4 2.6 Net profit?
-38.4% —
0.8 0.0 1.4 PAT margin %
-3933 bps +669 bps
6.8% 0.1% 46.2% EPS (₹)
-50.0% from loss 0.17 -0.01 0.34
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹2.4 Cr, other income ₹2.8 Cr.
Core profit YoY: loss widened
· reported profit -38.4%
Cash & debt
FY25 cash from operations ₹1.9 Cr:
46% of FY25 net profit of ₹4.0 Cr.
Borrowings ₹85.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.6 ₹12.4
+698.8% above Net profit ₹1.9 ₹0.8
-56.4% below
526231
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +113% above its own trend Operating margin expanded 267 bps YoY 88% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+57.3% +22.0%
64.5 52.9 41.0 Operating profit
— +43.1%
2.0 1.4 0.1 OPM %
+267 bps +45 bps
3.0% 2.6% 0.4% Other income
-46.7% +60.0%
0.6 0.4 1.2 Net profit
+206.2% from loss 0.5 -0.1 0.2 PAT margin %
+37 bps +102 bps
0.8% -0.3% 0.4% EPS (₹)
+210.5% from loss 0.59 -0.17 0.19
Quality of profit
Pre-tax profit ₹0.7 Cr: core business ₹0.1 Cr, other income ₹0.6 Cr.
Core profit YoY: from loss
· reported profit +206.2%
Cash & debt
FY25 cash from operations ₹2.0 Cr:
131% of FY25 net profit of ₹1.5 Cr.
Borrowings ₹56.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹52.0 ₹64.5
+24.2% above Net profit ₹0.2 ₹0.5
+113.0% above
526241
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +467% above its own trend 39% 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
+30.8% +40.2%
15,003 10,698 11,473 Operating profit
+52.8% +127.8%
4.8 2.1 3.2 OPM %
+0 bps +1 bps
0.0% 0.0% 0.0% Other income
+263.3% +165.7%
1.8 0.7 0.5 Net profit
— +456.4%
3.1 0.6 0.3 PAT margin %
+2 bps +2 bps
0.0% 0.0% 0.0% EPS (₹)
— +445.5%
0.60 0.11 0.05
Quality of profit
Pre-tax profit ₹4.6 Cr: core business ₹2.8 Cr, other income ₹1.8 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹6.0 Cr:
-366% of FY25 net profit of ₹1.6 Cr.
Borrowings ₹38.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹15,420 ₹15,003
-2.7% in line Net profit ₹0.5 ₹3.1
+466.7% above
526315
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -96% below its own trend Operating margin expanded 287 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
-76.3% -33.4%
4.5 6.7 18.9 Operating profit
from loss from loss 0.1 -0.8 -0.3 OPM %
+287 bps +1321 bps
1.3% -11.9% -1.5% Other income
-77.0% -54.4%
0.6 1.4 2.7 Net profit
-91.2% from loss 0.1 -0.1 1.2 PAT margin %
-416 bps +364 bps
2.4% -1.2% 6.6% EPS (₹)
-91.0% from loss 0.11 -0.08 1.22
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.5 Cr, other income ₹0.6 Cr.
Core profit YoY: loss narrowed
· reported profit -91.2%
Cash & debt
FY25 cash from operations −₹3.7 Cr:
-145% of FY25 net profit of ₹2.5 Cr.
Borrowings ₹1.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹20.4 ₹4.5
-78.0% below Net profit ₹2.5 ₹0.1
-95.6% below
526409
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +100% above its own trend Operating margin expanded 4502 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
+64.3% +50.2%
10.9 7.2 6.6 Operating profit
from loss from loss 0.6 -4.8 -2.6 OPM %
+4502 bps +7071 bps
5.1% -65.7% -40.0% Other income
-93.6% -95.2%
0.3 5.5 4.0 Net profit
+0.0% -98.6%
0.0 0.7 0.0 PAT margin %
-6 bps -943 bps
0.1% 9.5% 0.2% EPS (₹)
— -100.0%
0.00 0.07 0.00
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.1 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
· reported profit +0.0%
Cash & debt
FY25 cash from operations ₹13.1 Cr:
1901% of FY25 net profit of ₹0.7 Cr.
Borrowings ₹26.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.4 ₹10.9
+148.3% above Net profit ₹0.0 ₹0.0
+100.0% above
526415
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +209% above its own trend Operating margin contracted 1121 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
+57.9% +33.2%
51.8 38.9 32.8 Operating profit
-29.0% -6.5%
4.7 5.1 6.7 OPM %
-1121 bps -389 bps
9.1% 13.0% 20.4% Other income
from loss from loss 6.6 -0.1 -0.0 Net profit?
+119.4% from loss 1.6 -2.9 0.7 PAT margin %
+85 bps +1045 bps
3.0% -7.4% 2.2% EPS (₹)
+100.0% from loss 0.04 -0.08 0.02
Quality of profit
Pre-tax profit ₹1.4 Cr: core business −₹5.2 Cr, other income ₹6.6 Cr.
Core profit YoY: to loss
· reported profit +119.4%
Cash & debt
FY25 cash from operations ₹28.0 Cr.
Borrowings ₹150 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹32.4 ₹51.8
+59.7% above Net profit ₹0.5 ₹1.6
+209.1% above
526445
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -37% below its own trend Operating margin contracted 889 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
+102.1% -2.6%
35.0 36.0 17.3 Operating profit
-4.5% +13.9%
2.8 2.5 2.9 OPM %
-889 bps +115 bps
8.0% 6.8% 16.9% Other income
— -53.9%
0.8 1.8 0.0 Net profit?
-68.6% -87.9%
0.1 0.9 0.3 PAT margin %
-171 bps -222 bps
0.3% 2.5% 2.0% EPS (₹)
-66.7% -80.0%
0.01 0.05 0.03
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.7 Cr, other income ₹0.8 Cr.
Core profit YoY: to loss
· reported profit -68.6%
Cash & debt
FY25 cash from operations −₹7.0 Cr.
Borrowings ₹146 Cr at Sep 2025, against ₹137 Cr at Mar 2025 (+7% ).
Against its own trend ?
Trend Actual Gap
Sales ₹17.9 ₹35.0
+96.0% above Net profit ₹0.2 ₹0.1
-37.1% below
526468
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +18% above its own trend Operating margin expanded 461 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
-3.3% -38.5%
5.3 8.6 5.5 Operating profit
from loss from loss 0.1 -0.1 -0.2 OPM %
+461 bps +343 bps
1.7% -1.7% -2.9% Other income
-54.8% -49.2%
0.3 0.7 0.7 Net profit
+66.7% +66.7%
0.1 0.0 0.0 PAT margin %
+40 bps +59 bps
0.9% 0.3% 0.5% EPS (₹)
+57.1% +57.1%
0.11 0.07 0.07
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
· reported profit +66.7%
Cash & debt
FY25 cash from operations ₹4.5 Cr:
2342% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹13.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.6 ₹5.3
-19.9% below Net profit ₹0.0 ₹0.1
+17.6% 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, 23:29 IST
