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.
Updated 14 Oct 2026, 00:15 IST
4316 declared
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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
Filters & sorting
Results by sector
1051 matching results 1051
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530185
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -73% below its own trend Operating margin expanded 115 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
-20.1% -31.6%
11.4 16.7 14.3
Operating profit
loss narrowed loss narrowed
-0.3 -1.6 -0.6
OPM %
+115 bps +692 bps
-3.0% -9.9% -4.1%
Other income
-22.1% +30.4%
3.6 2.7 4.6
Net profit
-58.2% +829.6%
2.5 0.3 6.0
PAT margin %
-2013 bps +2040 bps
22.0% 1.6% 42.1%
EPS (₹)
-59.3% —
0.11 0.01 0.27
Quality of profit
Pre-tax profit ₹3.0 Cr: core business −₹0.5 Cr, other income ₹3.6 Cr.
Core profit YoY: loss narrowed
· reported profit -58.2%
Cash & debt
FY25 cash from operations −₹9.0 Cr:
-77% of FY25 net profit of ₹11.7 Cr.
Borrowings ₹2.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹12.0 ₹11.4
-4.8% in line
Net profit ₹9.3 ₹2.5
-72.9% below
530207
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1018 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
+12.2% -11.9%
4.3 4.9 3.8
Operating profit
loss narrowed to loss
-0.0 0.0 -0.4
OPM %
+1018 bps -44 bps
-0.2% 0.2% -10.4%
Other income
— +0.0%
0.1 0.1 0.0
Net profit
from loss -28.6%
0.1 0.1 -0.4
PAT margin %
+1236 bps -27 bps
1.2% 1.4% -11.2%
EPS (₹)
from loss -26.1%
0.17 0.23 -1.43
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 ₹0.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹5.3 ₹4.3
-19.3% below
530259
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -75% below its own trend Operating margin contracted 219 bps YoY 71% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+23.2% +5.5%
26.2 24.8 21.2
Operating profit
-3.2% -0.9%
2.1 2.1 2.2
OPM %
-219 bps -52 bps
8.0% 8.5% 10.2%
Other income
+50.0% +84.6%
0.2 0.1 0.2
Net profit
-66.7% -32.3%
0.2 0.3 0.6
PAT margin %
-216 bps -45 bps
0.8% 1.2% 3.0%
EPS (₹)
-66.7% -32.3%
0.42 0.62 1.26
Quality of profit
Core 29% Other income & one-offs 71%
Pre-tax profit ₹0.3 Cr: core business ₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: -82.5%
· reported profit -66.7%
Cash & debt
FY25 cash from operations ₹9.0 Cr:
783% of FY25 net profit of ₹1.1 Cr.
Borrowings ₹24.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹23.0 ₹26.2
+14.1% above
Net profit ₹0.9 ₹0.2
-75.5% below
530267
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago 57% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— -52.9%
6.3 13.4 0.0
Operating profit
from loss +34.0%
0.7 0.5 -3.4
OPM %
— +687 bps
10.6% 3.7% —
Other income
+333.3% +69.6%
0.4 0.2 0.1
Net profit
from loss -24.6%
0.5 0.6 -3.3
PAT margin %
— +273 bps
7.3% 4.5% —
EPS (₹)
from loss -25.0%
0.75 1.00 -5.40
Quality of profit
Core 43% Other income & one-offs 57%
Pre-tax profit ₹0.7 Cr: core business ₹0.3 Cr, other income ₹0.4 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹6.7 Cr.
Borrowings ₹4.2 Cr at Mar 2025.
530289
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +999% above its own trend Operating margin expanded 1547 bps YoY 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+170.2% -17.3%
3.5 4.3 1.3
Operating profit
+225.0% -19.0%
3.2 4.0 1.0
OPM %
+1547 bps -188 bps
91.8% 93.7% 76.3%
Other income
— —
0.7 0.1 0.0
Net profit?
— -20.1%
1.9 2.3 0.1
PAT margin %
+4672 bps -185 bps
52.8% 54.7% 6.1%
EPS (₹)
— -20.1%
3.11 3.89 0.13
Quality of profit
Core 73% Other income & one-offs 27%
Pre-tax profit ₹2.6 Cr: core business ₹1.9 Cr, other income ₹0.7 Cr.
Cash & debt
FY25 cash from operations ₹1.4 Cr:
149% of FY25 net profit of ₹0.9 Cr.
Borrowings ₹100 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.6 ₹3.5
+35.1% above
Net profit ₹0.2 ₹1.9
+999.0% above
530295
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
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
-0.1 -0.1 -0.1
Other income
-30.0% +0.0%
0.1 0.1 0.1
Net profit
-60.0% +100.0%
0.0 0.0 0.1
EPS (₹)
-58.3% +150.0%
0.05 0.02 0.12
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: —
· reported profit -60.0%
Cash & debt
FY25 cash from operations −₹0.7 Cr.
Borrowings ₹0.4 Cr at Mar 2025.
530309
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -98% 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
-66.5% +15.1%
88.8 77.2 265
Operating profit
-71.8% from loss
0.9 -0.4 3.2
OPM %
-19 bps +156 bps
1.0% -0.6% 1.2%
Other income
-89.1% -84.1%
0.4 2.5 3.6
Net profit
-95.1% -80.5%
0.2 0.8 3.3
PAT margin %
-106 bps -88 bps
0.2% 1.1% 1.2%
EPS (₹)
-95.0% -80.0%
0.06 0.30 1.19
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.4 Cr.
Core profit YoY: to loss
· reported profit -95.1%
Cash & debt
FY25 cash from operations −₹5.0 Cr:
-212% of FY25 net profit of ₹2.4 Cr.
Borrowings ₹81.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹301 ₹88.8
-70.5% below
Net profit ₹6.6 ₹0.2
-97.6% below
530315
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 165 bps YoY 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-1.2% -25.0%
87.7 117 88.8
Operating profit
+22.9% +8.3%
7.4 6.8 6.0
OPM %
+165 bps +260 bps
8.4% 5.9% 6.8%
Other income
-9.5% +8.2%
1.1 1.0 1.2
Net profit
-21.8% +38.7%
2.4 1.7 3.1
PAT margin %
-72 bps +126 bps
2.7% 1.5% 3.5%
EPS (₹)
-21.7% +39.2%
2.31 1.66 2.95
Quality of profit
Core 67% Other income & one-offs 33%
Pre-tax profit ₹3.2 Cr: core business ₹2.2 Cr, other income ₹1.1 Cr.
Core profit YoY: -14.3%
· reported profit -21.8%
Cash & debt
FY25 cash from operations ₹56.0 Cr:
456% of FY25 net profit of ₹12.3 Cr.
Borrowings ₹77.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹96.9 ₹87.7
-9.4% below
Net profit ₹2.6 ₹2.4
-8.9% in line
530317
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +56% above its own trend Operating margin expanded 241 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
-24.9% -16.8%
22.2 26.6 29.6
Operating profit
-4.3% +23.5%
2.5 2.0 2.6
OPM %
+241 bps +363 bps
11.1% 7.5% 8.7%
Other income
+170.0% -57.8%
0.3 0.6 0.1
Net profit
-1.3% -24.0%
0.8 1.0 0.8
PAT margin %
+82 bps -33 bps
3.4% 3.8% 2.6%
EPS (₹)
-1.0% -24.1%
1.01 1.33 1.02
Quality of profit
Core 74% Other income & one-offs 26%
Pre-tax profit ₹1.0 Cr: core business ₹0.8 Cr, other income ₹0.3 Cr.
Core profit YoY: -9.6%
· reported profit -1.3%
Cash & debt
FY25 cash from operations ₹11.0 Cr:
251% of FY25 net profit of ₹4.4 Cr.
Borrowings ₹64.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹21.0 ₹22.2
+5.4% above
Net profit ₹0.5 ₹0.8
+55.5% above
530331
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 1235 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
-39.6% -34.4%
16.9 25.7 27.9
Operating profit
-95.9% -94.9%
0.1 2.9 3.7
OPM %
-1235 bps -1051 bps
0.9% 11.4% 13.2%
Other income
— +813.2%
4.8 0.5 0.4
Net profit?
-12.4% -0.6%
1.7 1.7 1.9
PAT margin %
+314 bps +343 bps
10.1% 6.7% 6.9%
EPS (₹)
-12.4% -0.6%
5.14 5.17 5.87
Quality of profit
Pre-tax profit ₹2.9 Cr: core business −₹1.9 Cr, other income ₹4.8 Cr.
Core profit YoY: to loss
· reported profit -12.4%
Cash & debt
FY25 cash from operations ₹5.5 Cr:
57% of FY25 net profit of ₹9.5 Cr.
Borrowings ₹10.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹29.7 ₹16.9
-43.2% below
Net profit ₹1.9 ₹1.7
-8.1% in line
530369
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +13% 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
-7.8% -18.6%
18.9 23.2 20.5
Operating profit
-11.1% -31.2%
0.6 0.9 0.7
OPM %
-13 bps -62 bps
3.4% 4.0% 3.5%
Other income
+66.7% +0.0%
0.1 0.1 0.1
Net profit
+33.3% -64.7%
0.1 0.3 0.1
PAT margin %
+20 bps -83 bps
0.6% 1.5% 0.4%
EPS (₹)
+38.1% -64.2%
0.29 0.81 0.21
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss
· reported profit +33.3%
Cash & debt
FY25 cash from operations −₹0.4 Cr:
-74% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹20.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹20.9 ₹18.9
-9.9% below
Net profit ₹0.1 ₹0.1
+13.5% above
530421
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -87% below its own trend Operating margin contracted 446 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
-9.9% -13.0%
13.6 15.6 15.0
Operating profit
-46.1% -66.4%
0.9 2.7 1.7
OPM %
-446 bps -1056 bps
6.6% 17.2% 11.1%
Other income
+325.0% -10.5%
0.2 0.2 0.0
Net profit
-82.7% -94.7%
0.1 1.7 0.5
PAT margin %
-279 bps -1018 bps
0.7% 10.8% 3.5%
EPS (₹)
-82.5% -94.6%
0.10 1.86 0.57
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 -82.7%
Cash & debt
FY25 cash from operations −₹3.8 Cr:
-847% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹32.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹15.4 ₹13.6
-12.2% below
Net profit ₹0.7 ₹0.1
-87.4% below
530429
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +999% above its own trend Operating margin expanded 268 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
-20.8% -4.1%
3.5 3.7 4.5
Operating profit
+58.3% +72.7%
0.2 0.1 0.1
OPM %
+268 bps +239 bps
5.4% 3.0% 2.7%
Other income
— from loss
0.1 -0.1 0.0
Net profit
+650.0% from loss
0.1 -0.1 0.0
PAT margin %
+379 bps +613 bps
4.2% -1.9% 0.4%
EPS (₹)
+633.3% from loss
0.44 -0.21 0.06
Quality of profit
Core 42% Other income & one-offs 58%
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit +650.0%
Cash & debt
FY25 cash from operations ₹0.6 Cr:
254% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.4 ₹3.5
-19.9% below
Net profit ₹0.0 ₹0.1
+999.0% above
530445
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +33% above its own trend All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 20% of 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
-30.0% -22.2%
0.1 0.1 0.1
Net profit
-33.3% +0.0%
0.0 0.0 0.0
EPS (₹)
— —
0.00 0.00 0.00
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit -33.3%
Cash & debt
FY25 cash from operations ₹0.0 Cr:
20% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹0.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.0 ₹0.0
+33.3% above
530459
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +63% above its own trend Operating margin expanded 104 bps YoY 50% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-27.6% -0.9%
27.2 27.4 37.6
Operating profit
+1.0% +26.6%
1.0 0.8 1.0
OPM %
+104 bps +80 bps
3.7% 2.9% 2.6%
Other income
+0.0% -10.0%
0.1 0.1 0.1
Net profit
+128.6% —
0.2 0.0 0.1
PAT margin %
+40 bps +55 bps
0.6% 0.0% 0.2%
EPS (₹)
+133.3% —
0.21 0.01 0.09
Quality of profit
Core 50% Other income & one-offs 50%
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit +128.6%
Cash & debt
FY25 cash from operations ₹5.0 Cr:
820% of FY25 net profit of ₹0.6 Cr.
Borrowings ₹14.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹41.1 ₹27.2
-33.8% below
Net profit ₹0.1 ₹0.2
+62.6% above
530521
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +392% above its own trend 91% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +36%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-7.3% -19.2%
5.8 7.2 6.3
Operating profit
-15.2% -62.2%
0.3 0.7 0.3
OPM %
-44 bps -543 bps
4.8% 10.2% 5.2%
Other income
— -17.7%
1.5 1.8 0.1
Net profit
+883.3% -35.2%
1.2 1.8 0.1
PAT margin %
+1827 bps -497 bps
20.2% 25.1% 1.9%
EPS (₹)
+237.5% -35.2%
0.81 1.25 0.24
Quality of profit
Core 9% Other income & one-offs 91%
Pre-tax profit ₹1.6 Cr: core business ₹0.2 Cr, other income ₹1.5 Cr.
Core profit YoY: +36.4%
· reported profit +883.3%
Cash & debt
FY25 cash from operations −₹0.8 Cr:
-90% of FY25 net profit of ₹0.9 Cr.
Borrowings ₹0.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.6 ₹5.8
-11.5% below
Net profit ₹0.2 ₹1.2
+391.7% above
530533
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +793% above its own trend Operating margin expanded 627 bps YoY 99% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-68.1% -27.0%
11.2 15.3 35.1
Operating profit
-12.0% from loss
1.1 -2.4 1.2
OPM %
+627 bps +2537 bps
9.8% -15.5% 3.6%
Other income
— +915.8%
1.9 0.2 0.1
Net profit?
+425.6% from loss
2.3 -2.9 0.4
PAT margin %
+1897 bps +3926 bps
20.2% -19.1% 1.2%
EPS (₹)
+422.2% from loss
3.29 -4.24 0.63
Quality of profit
Core 1% Other income & one-offs 99%
Pre-tax profit ₹1.9 Cr: core business ₹0.0 Cr, other income ₹1.9 Cr.
Core profit YoY: —
· reported profit +425.6%
Cash & debt
FY25 cash from operations ₹19.4 Cr:
204% of FY25 net profit of ₹9.5 Cr.
Borrowings ₹68.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹23.7 ₹11.2
-52.8% below
Net profit ₹0.3 ₹2.3
+793.4% above
530589
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +59% above its own trend Operating margin expanded 143 bps YoY 35% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +31%) FY25 operating cash flow was only 22% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+3.6% +7.4%
53.1 49.4 51.2
Operating profit
+16.5% +43.0%
6.8 4.8 5.9
OPM %
+143 bps +321 bps
12.9% 9.7% 11.5%
Other income
-18.7% +38.9%
2.2 1.6 2.7
Net profit?
+53.6% +61.0%
5.3 3.3 3.5
PAT margin %
+327 bps +334 bps
10.0% 6.7% 6.8%
EPS (₹)
+53.3% +66.1%
4.60 2.77 3.00
Quality of profit
Core 65% Other income & one-offs 35%
Pre-tax profit ₹6.3 Cr: core business ₹4.1 Cr, other income ₹2.2 Cr.
Core profit YoY: +31.2%
· reported profit +53.6%
Cash & debt
FY25 cash from operations ₹4.0 Cr:
22% of FY25 net profit of ₹18.2 Cr.
Borrowings ₹40.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹58.3 ₹53.1
-8.8% below
Net profit ₹3.4 ₹5.3
+58.5% above
530643
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -52% below its own trend Operating margin contracted 717 bps YoY 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-40.4% -59.0%
5.9 14.4 9.9
Operating profit
-46.8% -51.0%
3.5 7.2 6.6
OPM %
-717 bps +970 bps
59.6% 49.9% 66.7%
Other income
from loss —
1.1 0.1 -0.5
Net profit?
-56.8% -63.4%
2.0 5.6 4.7
PAT margin %
-1310 bps -415 bps
34.7% 38.8% 47.8%
EPS (₹)
-59.7% -65.7%
1.02 2.97 2.53
Quality of profit
Core 73% Other income & one-offs 27%
Pre-tax profit ₹4.2 Cr: core business ₹3.1 Cr, other income ₹1.1 Cr.
Core profit YoY: -50.2%
· reported profit -56.8%
Cash & debt
FY25 cash from operations ₹17.0 Cr:
73% of FY25 net profit of ₹23.3 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹11.6 ₹5.9
-49.0% below
Net profit ₹4.3 ₹2.0
-52.5% below
530689
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -36% below its own trend Operating margin contracted 166 bps YoY 49% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -45%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+14.4% +1.1%
90.6 89.6 79.2
Operating profit
-26.2% -10.2%
2.7 3.0 3.7
OPM %
-166 bps -38 bps
3.0% 3.4% 4.7%
Other income
from loss +5.4%
1.0 0.9 -0.3
Net profit?
+27.7% -34.0%
2.0 3.0 1.6
PAT margin %
+23 bps -116 bps
2.2% 3.3% 2.0%
EPS (₹)
+27.5% -34.2%
1.02 1.55 0.80
Quality of profit
Core 51% Other income & one-offs 49%
Pre-tax profit ₹2.0 Cr: core business ₹1.0 Cr, other income ₹1.0 Cr.
Core profit YoY: -44.5%
· reported profit +27.7%
Cash & debt
FY25 cash from operations ₹57.0 Cr:
2192% of FY25 net profit of ₹2.6 Cr.
Borrowings ₹43.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹70.1 ₹90.6
+29.2% above
Net profit ₹3.1 ₹2.0
-36.1% below
530695
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
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 8.0
Operating profit
to loss —
-1.0 -1.0 4.0
Other income
+100.0% +0.0%
2.0 2.0 1.0
Net profit?
-66.7% +0.0%
1.0 1.0 3.0
EPS (₹)
-72.8% -11.3%
0.55 0.62 2.02
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹1.0 Cr, other income ₹2.0 Cr.
Core profit YoY: to loss
· reported profit -66.7%
Cash & debt
FY25 cash from operations ₹4.0 Cr:
200% of FY25 net profit of ₹2.0 Cr.
Borrowings nil at Mar 2025.
530735
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 44% of 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% -4.3%
0.2 0.2 0.2
Net profit
+20.0% -7.7%
0.1 0.1 0.1
EPS (₹)
+21.2% -7.0%
0.40 0.43 0.33
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 +20.0%
Cash & debt
FY25 cash from operations ₹0.2 Cr:
44% of FY25 net profit of ₹0.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.1 ₹0.1
-0.5% in line
530741
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 859 bps YoY 75% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 40% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+45.1% +29.8%
74.0 57.0 51.0
Operating profit
from loss -71.4%
2.0 7.0 -3.0
OPM %
+859 bps -958 bps
2.7% 12.3% -5.9%
Other income
+33.3% +33.3%
4.0 3.0 3.0
Net profit
from loss -50.0%
3.0 6.0 -1.0
PAT margin %
+601 bps -647 bps
4.1% 10.5% -2.0%
EPS (₹)
from loss -56.6%
2.93 6.75 -1.21
Quality of profit
Core 25% Other income & one-offs 75%
Pre-tax profit ₹4.0 Cr: core business ₹1.0 Cr, other income ₹4.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹4.0 Cr:
40% of FY25 net profit of ₹10.0 Cr.
Borrowings ₹27.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹67.0 ₹74.0
+10.4% above
530845
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +82% above its own trend Operating margin expanded 124 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+11.8% -22.1%
95.0 122 85.0
Operating profit
+28.6% -35.7%
9.0 14.0 7.0
OPM %
+124 bps -200 bps
9.5% 11.5% 8.2%
Other income
+0.0% —
1.0 0.0 1.0
Net profit
+150.0% -28.6%
5.0 7.0 2.0
PAT margin %
+291 bps -47 bps
5.3% 5.7% 2.4%
EPS (₹)
+200.5% -32.4%
5.56 8.22 1.85
Quality of profit
Core 71% Other income & one-offs 29%
Pre-tax profit ₹7.0 Cr: core business ₹5.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +150.0%
· reported profit +150.0%
Cash & debt
FY25 cash from operations ₹48.0 Cr:
320% of FY25 net profit of ₹15.0 Cr.
Borrowings ₹100 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹111 ₹95.0
-14.7% below
Net profit ₹2.8 ₹5.0
+81.8% above
530853
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 971 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
-25.4% +18.2%
3.8 3.2 5.0
Operating profit
loss narrowed —
-0.1 0.0 -0.6
OPM %
+971 bps -160 bps
-1.6% 0.0% -11.3%
Other income
+83.3% +120.0%
0.1 0.1 0.1
Net profit
from loss —
0.0 0.0 -0.6
PAT margin %
+1158 bps +27 bps
0.3% 0.0% -11.3%
EPS (₹)
from loss —
0.03 0.00 -1.82
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹3.2 Cr.
Borrowings ₹2.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.3 ₹3.8
+12.3% above
530897
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -87% below its own trend Operating margin expanded 117 bps YoY 46% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +33%) FY25 operating cash flow was only 23% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+7.3% +5.9%
4.3 4.0 4.0
Operating profit
+19.5% +53.1%
0.5 0.3 0.4
OPM %
+117 bps +352 bps
11.4% 7.9% 10.2%
Other income
-96.5% -37.2%
0.3 0.4 7.7
Net profit
-93.7% -2.3%
0.4 0.4 6.7
PAT margin %
— -83 bps
9.8% 10.6% —
EPS (₹)
-93.8% -2.3%
1.25 1.28 20.03
Quality of profit
Core 54% Other income & one-offs 46%
Pre-tax profit ₹0.6 Cr: core business ₹0.3 Cr, other income ₹0.3 Cr.
Core profit YoY: +33.3%
· reported profit -93.7%
Cash & debt
FY25 cash from operations ₹1.8 Cr:
23% of FY25 net profit of ₹7.8 Cr.
Borrowings ₹1.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.0 ₹4.3
+6.6% above
Net profit ₹3.4 ₹0.4
-87.5% below
530899
· 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 Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+0.0% +0.0%
0.1 0.1 0.1
Operating profit
loss narrowed loss narrowed
-0.1 -0.1 -0.3
Other income
+15.0% +360.0%
0.2 0.1 0.2
Net profit
from loss from loss
0.1 -0.1 -0.1
EPS (₹)
from loss from loss
0.57 -0.42 -0.27
Quality of profit
Pre-tax profit ₹0.2 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:
-80% of FY25 net profit of ₹0.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.1
+0.0% in line
530925
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -97% below its own trend All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 7% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-100.0% -100.0%
0.0 2.8 0.3
Operating profit
to loss to loss
-0.2 2.5 0.2
Other income
— +0.0%
0.2 0.2 0.0
Net profit
-94.1% -99.6%
0.0 2.4 0.2
EPS (₹)
-94.7% -99.6%
0.03 7.82 0.57
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: to loss
· reported profit -94.1%
Cash & debt
FY25 cash from operations ₹0.2 Cr:
7% of FY25 net profit of ₹2.7 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.6 ₹0.0
-100.0% below
Net profit ₹0.3 ₹0.0
-97.1% below
530951
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +501% above its own trend Operating margin expanded 606 bps YoY 48% 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
+88.9% -34.1%
7.8 11.8 4.1
Operating profit
+173.2% +22.4%
1.5 1.2 0.6
OPM %
+606 bps +905 bps
19.6% 10.6% 13.6%
Other income
-27.0% +14.9%
0.5 0.5 0.7
Net profit?
+327.3% +40.3%
0.9 0.7 0.2
PAT margin %
+672 bps +639 bps
12.1% 5.7% 5.3%
EPS (₹)
+317.2% +45.8%
1.21 0.83 0.29
Quality of profit
Core 52% Other income & one-offs 48%
Pre-tax profit ₹1.1 Cr: core business ₹0.6 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
· reported profit +327.3%
Cash & debt
FY25 cash from operations −₹5.0 Cr:
-284% of FY25 net profit of ₹1.8 Cr.
Borrowings ₹8.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.4 ₹7.8
+128.5% above
Net profit ₹0.2 ₹0.9
+500.8% above
530973
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 499 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
+9.4% +16.8%
22.2 19.0 20.3
Operating profit
— +9.4%
1.2 1.1 0.1
OPM %
+499 bps -35 bps
5.2% 5.6% 0.2%
Other income
+50.0% -27.0%
0.3 0.4 0.2
Net profit
from loss -13.3%
0.4 0.5 -0.5
PAT margin %
+442 bps -61 bps
1.8% 2.4% -2.7%
EPS (₹)
from loss -12.6%
0.97 1.11 -1.34
Quality of profit
Core 48% Other income & one-offs 52%
Pre-tax profit ₹0.5 Cr: core business ₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹1.9 Cr:
130% of FY25 net profit of ₹1.4 Cr.
Borrowings ₹19.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹21.7 ₹22.2
+2.4% in line
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 14 Oct 2026, 00:15 IST