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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530977
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Into loss: a profit a year ago Profit -189% below its own trend Operating margin expanded 476 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
+35.0% +7.1%
37.9 35.4 28.1 Operating profit
+63.0% +25.4%
10.5 8.4 6.4 OPM %
+476 bps +405 bps
27.7% 23.6% 22.9% Other income
-19.1% -6.2%
0.8 0.8 0.9 Net profit
to loss to loss -0.5 0.7 0.6 PAT margin %
-370 bps -337 bps
-1.4% 1.9% 2.3% EPS (₹)
to loss to loss -0.31 0.39 0.37
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.0 Cr, other income ₹0.8 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹29.0 Cr.
Borrowings ₹234 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹33.8 ₹37.9
+12.3% above Net profit ₹0.6 −₹0.5
-188.9% below
531015
· 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
+675.0% +17.4%
1.6 1.3 0.2 Operating profit
loss narrowed to loss -0.0 0.1 -0.5 OPM %
— -572 bps
-1.9% 3.8% — Other income
— —
0.1 0.0 0.0 Net profit
from loss +50.0%
0.0 0.0 -0.5 PAT margin %
— +42 bps
1.9% 1.5% — EPS (₹)
from loss +100.0%
0.04 0.02 -0.95
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 −₹2.3 Cr.
Borrowings ₹0.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.4 ₹1.6
+287.5% above
531027
· 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 -0.6 Other income
— +153.8%
0.3 0.1 0.0 Net profit
from loss +800.0%
0.2 0.0 -0.5 EPS (₹)
from loss +800.0%
0.36 0.04 -0.90
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹0.2 Cr.
Borrowings nil at Mar 2025.
531043
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +127% above its own trend 41% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +400%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+27.5% +24.5%
7.3 5.8 5.7 Operating profit
+52.6% from loss 0.3 -0.1 0.2 OPM %
+66 bps +519 bps
4.0% -1.2% 3.3% Other income
-46.2% -22.2%
0.1 0.1 0.1 Net profit
+13.3% from loss 0.2 -0.1 0.1 PAT margin %
-29 bps +474 bps
2.3% -2.4% 2.6% EPS (₹)
+10.8% from loss 0.41 -0.34 0.37
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: +400.0%
· reported profit +13.3%
Cash & debt
FY25 cash from operations −₹0.3 Cr:
-57% of FY25 net profit of ₹0.5 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.1 ₹7.3
+18.7% above Net profit ₹0.1 ₹0.2
+126.7% above
531049
· 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 0.0 Operating profit
— loss widened -0.0 -0.0 -0.0 Other income
— —
0.1 0.0 0.0 Net profit
from loss from loss 0.1 -0.0 -0.0 EPS (₹)
from loss from loss 0.10 -0.06 -0.08
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Cash & debt
FY25 cash from operations −₹0.5 Cr:
-284% of FY25 net profit of ₹0.2 Cr.
Borrowings nil at Mar 2025.
531067
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 271 bps YoY 35% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -11%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+17.5% +2.2%
8.7 8.5 7.4 Operating profit
-10.7% +257.1%
0.8 0.2 0.8 OPM %
-271 bps +613 bps
8.6% 2.5% 11.3% Other income
+166.7% -25.9%
0.4 0.5 0.1 Net profit
+16.7% +52.7%
0.8 0.6 0.7 PAT margin %
-7 bps +318 bps
9.6% 6.4% 9.7% EPS (₹)
+14.9% +50.0%
0.54 0.36 0.47
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.7 Cr, other income ₹0.4 Cr.
Core profit YoY: -10.8%
· reported profit +16.7%
Cash & debt
FY25 cash from operations −₹0.3 Cr:
-13% of FY25 net profit of ₹2.5 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.8 ₹8.7
+27.5% above Net profit ₹0.8 ₹0.8
+5.0% in line
531119
· 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 widened loss widened -0.2 -0.1 -0.2 Other income
from loss from loss 2.8 -2.7 -11.9 Net profit
from loss from loss 2.3 -3.0 -12.4 EPS (₹)
from loss from loss 5.72 -7.54 -30.90
Quality of profit
Pre-tax profit ₹2.3 Cr: core business −₹0.5 Cr, other income ₹2.8 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹22.6 Cr.
Borrowings ₹26.1 Cr at Mar 2025.
531161
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -49% below its own trend Operating margin contracted 1231 bps YoY 34% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+8.9% +39.2%
30.7 22.1 28.2 Operating profit
-42.4% +78.2%
4.3 2.4 7.4 OPM %
-1231 bps +303 bps
13.9% 10.8% 26.2% Other income
-5.9% +29.0%
1.6 1.2 1.7 Net profit?
-48.6% +124.3%
3.1 1.4 6.1 PAT margin %
-1142 bps +387 bps
10.2% 6.3% 21.6% EPS (₹)
-45.1% -5.0%
0.96 1.01 1.75
Quality of profit
Pre-tax profit ₹4.7 Cr: core business ₹3.1 Cr, other income ₹1.6 Cr.
Core profit YoY: -50.9%
· reported profit -48.6%
Cash & debt
FY25 cash from operations ₹25.0 Cr:
146% of FY25 net profit of ₹17.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹30.3 ₹30.7
+1.5% in line Net profit ₹6.2 ₹3.1
-49.2% below
531163
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -74% below its own trend Operating margin expanded 1689 bps YoY 50% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 38% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+46.9% -36.1%
5.5 8.6 3.7 Operating profit
from loss +31.6%
0.2 0.2 -0.5 OPM %
+1689 bps +235 bps
4.6% 2.2% -12.3% Other income
-97.9% -50.0%
0.0 0.0 0.5 Net profit?
-83.3% +0.0%
0.0 0.0 0.1 PAT margin %
-143 bps +7 bps
0.2% 0.1% 1.6% EPS (₹)
-83.3% +0.0%
0.01 0.01 0.06
Quality of profit
Pre-tax profit ₹0.0 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: from loss
· reported profit -83.3%
Cash & debt
FY25 cash from operations ₹0.2 Cr:
38% of FY25 net profit of ₹0.6 Cr.
Borrowings ₹8.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.2 ₹5.5
-23.6% below Net profit ₹0.0 ₹0.0
-73.9% below
531190
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
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
— -56.3%
0.3 0.7 0.0 Operating profit
from loss -67.8%
0.2 0.6 -0.1 OPM %
— -2181 bps
61.3% 83.1% — Other income
-95.3% —
0.1 0.0 2.6 Net profit
-94.4% -76.3%
0.1 0.6 2.5 PAT margin %
— -3794 bps
45.2% 83.1% — EPS (₹)
-94.5% -76.8%
0.23 0.99 4.20
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit -94.4%
Cash & debt
FY25 cash from operations −₹1.9 Cr:
-70% of FY25 net profit of ₹2.7 Cr.
Borrowings nil at Mar 2025.
531210
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +85% above its own trend Operating margin expanded 223 bps YoY 62% 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
-2.7% +2.9%
1.4 1.4 1.5 Operating profit
+42.9% +25.0%
0.1 0.1 0.1 OPM %
+223 bps +124 bps
7.0% 5.8% 4.8% Other income
+0.0% -50.0%
0.1 0.2 0.1 Net profit
+60.0% -42.9%
0.1 0.1 0.1 PAT margin %
+219 bps -448 bps
5.6% 10.1% 3.4% EPS (₹)
+60.0% -42.9%
0.32 0.56 0.20
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: +66.7%
· reported profit +60.0%
Cash & debt
FY25 cash from operations −₹1.4 Cr:
-290% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹0.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.3 ₹1.4
+11.2% above Net profit ₹0.0 ₹0.1
+84.7% above
531215
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +999% above its own trend 90% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-19.3% -10.5%
36.0 40.3 44.6 Operating profit
-13.7% -42.5%
1.8 3.1 2.0 OPM %
+32 bps -273 bps
4.9% 7.6% 4.6% Other income
— from loss 1.9 -0.3 0.0 Net profit?
+681.0% +80.2%
1.6 0.9 0.2 PAT margin %
+408 bps +229 bps
4.6% 2.3% 0.5% EPS (₹)
+678.3% +80.8%
1.79 0.99 0.23
Quality of profit
Pre-tax profit ₹2.1 Cr: core business ₹0.2 Cr, other income ₹1.9 Cr.
Core profit YoY: from loss
· reported profit +681.0%
Cash & debt
FY25 cash from operations ₹15.0 Cr:
426% of FY25 net profit of ₹3.5 Cr.
Borrowings ₹23.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹45.7 ₹36.0
-21.2% below Net profit ₹0.1 ₹1.6
+999.0% above
531262
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -90% below its own trend Operating margin contracted 449 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
+35.9% -60.2%
9.8 24.6 7.2 Operating profit
— —
-0.4 0.0 0.0 OPM %
-449 bps -449 bps
-4.5% 0.0% 0.0% Other income
+226.7% +226.7%
0.5 0.1 0.1 Net profit
-80.0% -80.0%
0.0 0.1 0.1 PAT margin %
-177 bps -30 bps
0.3% 0.6% 2.1% EPS (₹)
-83.3% -83.3%
0.02 0.12 0.12
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.5 Cr, other income ₹0.5 Cr.
Core profit YoY: —
· reported profit -80.0%
Cash & debt
FY25 cash from operations ₹6.7 Cr:
3717% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹0.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹14.4 ₹9.8
-32.0% below Net profit ₹0.3 ₹0.0
-90.0% below
531268
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +112% above its own trend Operating margin expanded 812 bps YoY 28% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +256%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+53.3% +8.1%
8.3 7.7 5.4 Operating profit
+235.1% +77.1%
1.2 0.7 0.4 OPM %
+812 bps +584 bps
15.0% 9.1% 6.9% Other income
+27.8% +84.0%
0.5 0.2 0.4 Net profit?
+90.8% +96.8%
1.2 0.6 0.7 PAT margin %
+294 bps +675 bps
15.0% 8.2% 12.0% EPS (₹)
+91.9% +97.2%
0.71 0.36 0.37
Quality of profit
Pre-tax profit ₹1.7 Cr: core business ₹1.2 Cr, other income ₹0.5 Cr.
Core profit YoY: +255.9%
· reported profit +90.8%
Cash & debt
FY25 cash from operations ₹1.7 Cr:
65% of FY25 net profit of ₹2.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.6 ₹8.3
+26.4% above Net profit ₹0.6 ₹1.2
+111.8% above
531280
· 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
-100.0% -100.0%
0.0 0.3 0.3 Operating profit
loss widened —
-0.1 -0.1 -0.1 Other income
-5.0% -91.8%
0.2 2.3 0.2 Net profit
— -99.1%
0.0 2.2 0.0 EPS (₹)
— -99.0%
0.04 4.09 0.00
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹0.1 Cr.
Borrowings ₹1.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.5 ₹0.0
-100.0% below
531281
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 2149 bps YoY 47% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-3.7% -11.4%
16.0 18.1 16.6 Operating profit
+278.7% -19.8%
4.6 5.8 1.2 OPM %
+2149 bps -302 bps
28.8% 31.8% 7.3% Other income
-66.3% -12.7%
0.6 0.7 1.8 Net profit
+376.2% -26.5%
1.0 1.4 0.2 PAT margin %
+498 bps -128 bps
6.2% 7.5% 1.3% EPS (₹)
+366.7% -27.6%
0.42 0.58 0.09
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹0.7 Cr, other income ₹0.6 Cr.
Core profit YoY: from loss
· reported profit +376.2%
Cash & debt
FY25 cash from operations −₹21.7 Cr:
-913% of FY25 net profit of ₹2.4 Cr.
Borrowings ₹104 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹33.3 ₹16.0
-51.9% below
531289
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +84% above its own trend Operating margin expanded 183 bps YoY 36% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +77%) FY25 operating cash flow was only 35% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+13.5% +0.0%
23.6 23.6 20.8 Operating profit
+34.0% +16.4%
2.8 2.4 2.1 OPM %
+183 bps +169 bps
12.0% 10.3% 10.2% Other income
+79.3% -11.1%
1.0 1.2 0.6 Net profit
+181.7% +59.2%
2.9 1.8 1.0 PAT margin %
+740 bps +461 bps
12.4% 7.8% 5.0% EPS (₹)
+183.3% +59.1%
3.23 2.03 1.14
Quality of profit
Pre-tax profit ₹2.9 Cr: core business ₹1.9 Cr, other income ₹1.0 Cr.
Core profit YoY: +77.4%
· reported profit +181.7%
Cash & debt
FY25 cash from operations ₹8.3 Cr:
35% of FY25 net profit of ₹23.3 Cr.
Borrowings ₹5.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹26.3 ₹23.6
-10.0% below Net profit ₹1.6 ₹2.9
+84.3% above
531297
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +73% above its own trend Operating margin contracted 343 bps YoY 51% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -24%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-8.0% -24.9%
6.7 9.0 7.3 Operating profit
-19.8% -8.7%
1.6 1.7 2.0 OPM %
-343 bps +416 bps
23.4% 19.3% 26.9% Other income
+334.6% +8.7%
1.1 1.0 0.3 Net profit
+42.7% +6.0%
1.8 1.7 1.2 PAT margin %
+934 bps +764 bps
26.3% 18.6% 16.9% EPS (₹)
+42.9% +5.7%
2.43 2.30 1.70
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹1.1 Cr, other income ₹1.1 Cr.
Core profit YoY: -24.3%
· reported profit +42.7%
Cash & debt
FY25 cash from operations −₹19.0 Cr:
-185% of FY25 net profit of ₹10.3 Cr.
Borrowings ₹14.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.0 ₹6.7
-25.2% below Net profit ₹1.0 ₹1.8
+73.4% above
531306
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -37% below its own trend Operating margin contracted 239 bps YoY 77% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -67%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-12.2% -14.8%
12.2 14.4 13.9 Operating profit
-26.6% -36.3%
1.5 2.3 2.0 OPM %
-239 bps -411 bps
12.2% 16.3% 14.6% Other income
+733.3% +331.0%
1.2 0.3 0.1 Net profit
+25.5% +6.0%
1.2 1.2 1.0 PAT margin %
+302 bps +198 bps
10.0% 8.1% 7.0% EPS (₹)
+25.4% +5.9%
4.10 3.87 3.27
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹0.4 Cr, other income ₹1.2 Cr.
Core profit YoY: -66.7%
· reported profit +25.5%
Cash & debt
FY25 cash from operations −₹2.0 Cr:
-3% of FY25 net profit of ₹66.5 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹20.0 ₹12.2
-38.9% below Net profit ₹2.0 ₹1.2
-37.2% below
531307
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -50% below its own trend Operating margin expanded 228 bps YoY 39% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +5%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+4.0% -10.4%
33.4 37.2 32.1 Operating profit
+38.3% -12.5%
3.1 3.5 2.2 OPM %
+228 bps -22 bps
9.2% 9.4% 6.9% Other income
+35.3% +33.7%
1.1 0.9 0.8 Net profit?
-22.0% -31.5%
1.7 2.5 2.2 PAT margin %
-173 bps -160 bps
5.2% 6.8% 6.9% EPS (₹)
-22.2% -33.3%
0.14 0.21 0.18
Quality of profit
Pre-tax profit ₹3.0 Cr: core business ₹1.8 Cr, other income ₹1.1 Cr.
Core profit YoY: +4.6%
· reported profit -22.0%
Cash & debt
FY25 cash from operations −₹1.0 Cr:
-15% of FY25 net profit of ₹6.8 Cr.
Borrowings ₹29.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹41.6 ₹33.4
-19.7% below Net profit ₹3.5 ₹1.7
-50.4% below
531328
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -95% 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
-100.0% -100.0%
0.0 0.4 1.6 Operating profit
to loss loss narrowed -0.1 -0.1 1.3 Other income
+340.0% -47.6%
0.2 0.4 0.1 Net profit
-90.7% -59.1%
0.1 0.2 1.0 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 ₹0.2 Cr.
Core profit YoY: to loss
· reported profit -90.7%
Cash & debt
FY25 cash from operations −₹3.3 Cr:
-77% of FY25 net profit of ₹4.3 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.2 ₹0.0
-100.0% below Net profit ₹1.9 ₹0.1
-95.4% below
531346
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 277 bps YoY 64% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+0.7% +0.3%
16.2 16.1 16.1 Operating profit
+160.7% +217.4%
0.7 0.2 0.3 OPM %
+277 bps +309 bps
4.5% 1.4% 1.7% Other income
+125.0% +0.0%
0.1 0.1 0.0 Net profit
from loss from loss 0.1 -0.5 -0.5 PAT margin %
+385 bps +421 bps
0.9% -3.3% -2.9% EPS (₹)
from loss from loss 0.29 -1.01 -0.90
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹0.5 Cr.
Borrowings ₹33.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹17.8 ₹16.2
-9.2% below
531380
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 415 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
+21.8% +10.4%
14.9 13.5 12.2 Operating profit
+104.0% +10.1%
1.5 1.4 0.8 OPM %
+415 bps -3 bps
10.3% 10.3% 6.1% Other income
+400.0% +0.0%
0.1 0.1 0.0 Net profit
from loss from loss 0.1 -0.0 -0.8 PAT margin %
+798 bps +108 bps
1.0% -0.1% -7.0% EPS (₹)
from loss from loss 0.41 -0.03 -2.33
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹17.1 Cr.
Borrowings ₹30.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹11.8 ₹14.9
+26.3% above
531412
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 108 bps YoY 28% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +1%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+11.5% +44.4%
17.5 12.1 15.7 Operating profit
-1.4% +42.6%
1.4 1.0 1.5 OPM %
-108 bps -11 bps
8.2% 8.4% 9.3% Other income
— —
0.5 0.0 0.0 Net profit
+42.0% +100.0%
1.4 0.7 1.0 PAT margin %
+175 bps +226 bps
8.1% 5.9% 6.4% EPS (₹)
+41.8% +102.1%
0.95 0.47 0.67
Quality of profit
Pre-tax profit ₹1.9 Cr: core business ₹1.3 Cr, other income ₹0.5 Cr.
Core profit YoY: +0.8%
· reported profit +42.0%
Cash & debt
FY25 cash from operations ₹7.5 Cr:
287% of FY25 net profit of ₹2.6 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹21.1 ₹17.5
-17.4% below Net profit ₹1.3 ₹1.4
+5.9% in line
531416
· 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
— —
3.6 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.0 -0.3 -0.3 OPM %
— —
-1.1% — — Other income
+100.0% +17.3%
0.9 0.8 0.4 Net profit
+900.0% +100.0%
0.8 0.4 0.1 PAT margin %
— —
22.0% — — EPS (₹)
+927.3% +101.8%
1.13 0.56 0.11
Quality of profit
Pre-tax profit ₹0.8 Cr: core business −₹0.1 Cr, other income ₹0.9 Cr.
Core profit YoY: loss narrowed
· reported profit +900.0%
Cash & debt
FY25 cash from operations −₹3.6 Cr:
-385% of FY25 net profit of ₹0.9 Cr.
Borrowings nil at Mar 2025.
531471
· 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 widened loss widened -0.5 -0.3 -0.4 Other income
from loss —
1.4 0.0 -0.0 Net profit
from loss from loss 0.9 -0.5 -0.8 EPS (₹)
from loss from loss 0.90 -0.54 -0.79
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹0.6 Cr, other income ₹1.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.3 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
531472
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 2667 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
+150.0% +36.4%
15.0 11.0 6.0 Operating profit
loss narrowed loss narrowed -1.0 -2.0 -2.0 OPM %
+2667 bps +1152 bps
-6.7% -18.2% -33.3% Other income
— +33.3%
8.0 6.0 0.0 Net profit?
from loss +100.0%
6.0 3.0 -2.0 PAT margin %
+7333 bps +1273 bps
40.0% 27.3% -33.3% EPS (₹)
from loss +114.1%
5.76 2.69 -1.89
Quality of profit
Pre-tax profit ₹6.0 Cr: core business −₹1.0 Cr, other income ₹8.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹6.0 Cr.
Borrowings ₹28.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹7.5 ₹15.0
+100.0% above
531502
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
50% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+200.0% -80.0%
3.0 15.0 1.0 Operating profit
— -71.4%
4.0 14.0 0.0 Other income
— —
0.0 0.0 0.0 Net profit
loss widened to loss -9.0 12.0 -1.0 EPS (₹)
loss widened to loss -4.21 5.79 -0.28
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹1.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Cash & debt
FY25 cash from operations −₹13.0 Cr.
Borrowings ₹54.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.0 ₹3.0
+200.0% above
531512
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 3373 bps YoY All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 22% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-15.2% +7.5%
3.2 3.0 3.7 Operating profit
to loss loss narrowed -0.2 -0.7 1.0 OPM %
-3373 bps +1580 bps
-7.3% -23.1% 26.5% Other income
— -31.2%
0.9 1.4 0.0 Net profit
-14.9% +2.6%
0.4 0.4 0.5 PAT margin %
+5 bps -60 bps
12.6% 13.2% 12.6% EPS (₹)
-42.1% -45.0%
0.11 0.20 0.19
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.4 Cr, other income ₹0.9 Cr.
Core profit YoY: to loss
· reported profit -14.9%
Cash & debt
FY25 cash from operations ₹0.1 Cr:
22% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹3.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.5 ₹3.2
-30.2% below Net profit ₹0.4 ₹0.4
+3.6% in line
531525
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 1057 bps YoY 34% 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
+118.6% +6.3%
14.9 14.0 6.8 Operating profit
+15.1% -8.4%
1.8 1.9 1.5 OPM %
-1057 bps -188 bps
11.8% 13.6% 22.3% Other income
-1.7% +47.5%
0.6 0.4 0.6 Net profit?
-3.3% -4.9%
1.7 1.8 1.8 PAT margin %
-1475 bps -138 bps
11.7% 13.1% 26.4% EPS (₹)
+41.2% -4.0%
0.96 1.00 0.68
Quality of profit
Pre-tax profit ₹1.7 Cr: core business ₹1.1 Cr, other income ₹0.6 Cr.
Core profit YoY: -4.2%
· reported profit -3.3%
Cash & debt
FY25 cash from operations −₹9.8 Cr:
-175% of FY25 net profit of ₹5.6 Cr.
Borrowings ₹5.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.6 ₹14.9
+9.3% above Net profit ₹1.7 ₹1.7
+4.4% 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
