Flash Finance

Q3 FY26 quarterly results (October-December 2025)

4,316 companies have declared Q3 FY26 results so far, the latest on 15 Sep 2026.

Across the 3,727 non-financial companies with a year-ago quarter to compare, sales grew +15.1% and net profit +14.8% year on year, and the combined operating margin narrowed 25 bps to 14.1%.

For the 146 banks and lenders, net interest income grew +8.0% and net profit +10.5%.

56% of companies grew net profit; 416 turned a loss into a profit; 37% beat their own profit trend and 48% fell short of it.

Updated 13 Oct 2026, 15:09 IST 4316 declared
The next results season has started: 36 companies have filed results for the quarter ended 30 Sep 2026. See them →

Q3 FY26 scoreboard

Sales growth
+15.1%
YoY, 3727 companies combined; median +8.3%
Net profit growth
+14.8%
YoY combined; median +8.9%
Operating margin
14.1%
-25 bps YoY
Grew profit
56%
416 turnarounds, 346 into loss
Vs own profit trend
37% / 48%
above / below, 15% in line
Banks: NII growth
+8.0%
146 lenders; profit +10.5%
Price since results
-9.5%
median; 0% of 1 stocks up
Other-income heavy
1051
25%+ of pre-tax profit from other income & one-offs

Latest Q3 FY26 results 4316

Page 3 of 144

Tata Motors Limited

TMCV · Commercial Vehicles · Q3 FY26 · Consolidated
M Cap
₹1,48,969 Cr
P/E
35.9
PEG
—
  • Exceptional items of ₹-1,600 Cr in the quarter
₹ CrQoQ Dec 2025Sep 2025
Sales +17.2% 21,80018,600
Operating profit +28.5% 2,7252,120
OPM % +110 bps 12.5%11.4%
Other income from loss 531-1,981
Net profit? from loss 700-900
PAT margin % +805 bps 3.2%-4.8%
EPS (₹) — 1.91—

Quality of profit

Pre-tax profit ₹1,000 Cr: core business ₹2,069 Cr, other income ₹531 Cr, exceptional & other items −₹1,600 Cr.

📊 Investor presentation (12 Aug) Detailed financials →

Varun Beverages Limited

VBL · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹1,46,564 Cr
P/E
43.0
PEG
1.79
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +17.5%-14.1% 4,3355,0483,689
Operating profit +10.4%-44.3% 6391,147579
OPM % -95 bps-798 bps 14.7%22.7%15.7%
Other income +114.5%-34.8% 96.514845.0
Net profit? +32.7%-65.1% 260745196
PAT margin % +68 bps-876 bps 6.0%14.8%5.3%
EPS (₹) +34.5%-66.2% 0.742.190.55

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹359 Cr: core business ₹262 Cr, other income ₹96.5 Cr.

Core profit YoY: +25.5% · reported profit +32.7%

Cash & debt

Borrowings ₹2,508 Cr at Dec 2025.

Against its own trend ?

TrendActualGap
Sales₹4,270₹4,335 +1.5% in line
Net profit₹247₹260 +5.3% in line
📊 Investor presentation (28 Jul) Detailed financials →

ABB India Limited

ABB · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹1,45,274 Cr
P/E
48.5
PEG
—
  • Operating margin contracted 417 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +5.7%+7.4% 3,5573,3113,365
Operating profit -16.9%+9.2% 546500657
OPM % -417 bps+24 bps 15.4%15.1%19.5%
Other income -8.0%-9.1% 76.384.083.0
Net profit? -18.0%+5.8% 433409528
PAT margin % -352 bps-19 bps 12.2%12.4%15.7%
EPS (₹) -18.1%+5.8% 20.4319.3124.94

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹578 Cr: core business ₹501 Cr, other income ₹76.3 Cr.

Core profit YoY: -18.9% · reported profit -18.0%

Cash & debt

Borrowings ₹85.0 Cr at Dec 2025.

📊 Investor presentation (31 Jul) Detailed financials →

Jio Financial Services Limited

JIOFIN · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,40,944 Cr
P/E
—
PEG
—
  • Provisions up 50% YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +77.4%-26.1% 9011,220508
Net interest income +38.9%+13.7% 292257210
Other income +33.2%-52.0% 397827298
Operating profit (pre-provision) -9.2%-55.6% 354796390
Provisions +50.4%+40.2% 18.613.212.3
Net profit? -8.8%-61.3% 269695295
EPS (₹) -8.7%-61.8% 0.421.100.46
Cost-to-income % +2533 bps+2212 bps 48.6%26.5%23.3%

Where profit came from

Pre-provision profit ₹354 Cr (-9.2% YoY); provisions ₹18.6 Cr (+50.4% YoY).

Net profit -8.8% YoY.

Against its own trend ?

TrendActualGap
NII₹232₹292 +25.9% above
Net profit₹299₹269 -9.9% in line
📊 Investor presentation (16 Jul) Detailed financials →

Hitachi Energy India Limited

POWERINDIA · Electrical Equipment · Q3 FY26 · Standalone
M Cap
₹1,39,467 Cr
P/E
121.4
PEG
0.99
  • Operating margin expanded 626 bps YoY
  • Core business grew faster than reported profit (core profit +139%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +28.5%+13.6% 2,0821,8331,620
Operating profit +106.6%+15.4% 345299167
OPM % +626 bps+26 bps 16.6%16.3%10.3%
Other income -38.5%-61.4% 32.083.052.0
Net profit +90.5%-1.1% 261264137
PAT margin % +408 bps-187 bps 12.5%14.4%8.5%
EPS (₹) +81.0%-1.1% 58.6559.3132.41

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹348 Cr: core business ₹315 Cr, other income ₹32.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +138.6% · reported profit +90.5%

Cash & debt

FY25 cash from operations ₹1,494 Cr: 390% of FY25 net profit of ₹383 Cr.

Borrowings ₹88.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,858₹2,082 +12.1% above
Net profit₹274₹261 -4.7% in line
📊 Investor presentation (16 Sep) Detailed financials →

Tata Capital Limited

TATACAP · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,37,886 Cr
P/E
25.2
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Total income +3.0% 7,9807,750
Net interest income +10.3% 3,3153,004
Other income -4.3% 737770
Operating profit (pre-provision) +9.7% 2,4982,277
Provisions -1.8% 759773
Net profit? +13.0% 1,2651,119
Cost-to-income % -131 bps 38.4%39.7%

Where profit came from

Pre-provision profit ₹2,498 Cr; provisions ₹759 Cr.

📊 Investor presentation (28 Jul) Detailed financials →

Vodafone Idea Limited

IDEA · Telecom Services · Q3 FY26 · Consolidated
M Cap
₹1,37,271 Cr
P/E
3.7
PEG
0.61
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +1.9%+1.1% 11,32311,19511,117
Operating profit +2.2%+2.8% 4,8174,6854,712
OPM % +16 bps+69 bps 42.5%41.9%42.4%
Other income +408.4%— 1,271102250
Net profit? loss narrowedloss narrowed -5,286-5,524-6,609
PAT margin % +1277 bps+266 bps -46.7%-49.3%-59.4%
EPS (₹) loss narrowedloss narrowed -0.49-0.51-0.95

Quality of profit

Pre-tax profit −₹5,290 Cr: core business −₹6,561 Cr, other income ₹1,271 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹9,291 Cr.

Borrowings ₹2,33,229 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹11,562₹11,323 -2.1% in line
📊 Investor presentation (15 Sep) Detailed financials →

CG Power and Industrial Solutions Limited

CGPOWER · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹1,36,670 Cr
P/E
110.3
PEG
11.03
  • Exceptional items of ₹-35.6 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +26.2%+8.6% 3,1752,9232,516
Operating profit +20.0%+5.5% 397377331
OPM % -65 bps-38 bps 12.5%12.9%13.2%
Other income +127.4%+15.6% 76.466.133.6
Net profit? +19.4%-0.2% 284284238
PAT margin % -51 bps-79 bps 8.9%9.7%9.5%
EPS (₹) +15.3%-0.5% 1.811.821.57

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹384 Cr: core business ₹343 Cr, other income ₹76.4 Cr, exceptional & other items −₹35.6 Cr.

Core profit YoY: +13.9% · reported profit +19.4%

Cash & debt

FY25 cash from operations ₹944 Cr: 97% of FY25 net profit of ₹973 Cr.

Borrowings ₹41.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,179₹3,175 -0.1% in line
Net profit₹271₹284 +4.7% in line
Detailed financials →

BSE Limited

BSE · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹1,35,249 Cr
P/E
—
PEG
—
  • Profit +36% above its own trend
  • Profit growth came mainly from lower provisions (pre-provision profit +76%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +59.7%+15.0% 1,3341,160835
Operating profit (pre-provision) +76.1%+9.8% 823750467
Provisions -86.2%+158.8% 27.510.6199
Net profit? +172.9%+7.1% 597557219
EPS (₹) +173.9%+7.7% 14.6113.56adj. 5.33

EPS restated for the 2:1 bonus of May 2025: Dec 2024 ₹16.00 to ₹5.33.

Where profit came from

Pre-provision profit ₹823 Cr (+76.1% YoY); provisions ₹27.5 Cr (-86.2% YoY).

Net profit +172.9% YoY.

Against its own trend ?

TrendActualGap
Total income₹1,252₹1,334 +6.6% above
Net profit₹437₹597 +36.5% above
Detailed financials →

Cholamandalam Investment and Finance Company Limited

CHOLAFIN · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,34,994 Cr
P/E
23.5
PEG
0.94
  • Gross NPA up 63 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +17.1%+5.2% 8,0097,6136,837
Net interest income +23.0%— 4,252—3,458
Other income +7.0%— 111—104
Net profit? +18.5%+11.2% 1,2901,1601,088
EPS (₹) +18.0%+10.9% 15.2813.7812.95
Gross NPA % +63 bps+6 bps 4.6%4.6%4.0%
Net NPA % +47 bps+6 bps 3.1%3.1%2.7%

Against its own trend ?

TrendActualGap
Net profit₹1,306₹1,290 -1.2% in line
📊 Investor presentation (28 Jul) Detailed financials →

Cummins India Limited

CUMMINSIND · Pumps, Compressors & Engines · Q3 FY26 · Consolidated
M Cap
₹1,34,026 Cr
P/E
56.6
PEG
2.18
  • Profit -28% below its own trend
  • Operating margin expanded 147 bps YoY
  • Exceptional items of ₹-127 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.3%-3.6% 3,0553,1703,096
Operating profit +6.2%-8.7% 634695598
OPM % +147 bps-116 bps 20.8%21.9%19.3%
Other income +4.1%-35.9% 116181111
Net profit? -13.0%-21.9% 486622558
PAT margin % -213 bps-371 bps 15.9%19.6%18.0%
EPS (₹) -13.0%-21.9% 17.5322.4520.15

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹626 Cr: core business ₹579 Cr, other income ₹116 Cr, exceptional & other items −₹69.8 Cr.

Core profit YoY: +6.2% · reported profit -13.0%

Cash & debt

FY25 cash from operations ₹1,685 Cr: 84% of FY25 net profit of ₹2,000 Cr.

Borrowings ₹30.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,797₹3,055 -19.5% below
Net profit₹677₹486 -28.2% below
📊 Investor presentation (27 May) Detailed financials →

Punjab National Bank

PNB · Public Sector Banks · Q3 FY26 · Consolidated
M Cap
₹1,33,318 Cr
P/E
6.0
PEG
0.08
  • Profit -10% below its own trend
  • Gross NPA down 90 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +7.4%+3.3% 37,90336,68435,287
Net interest income -3.9%+0.7% 10,72510,65511,157
Other income +47.8%+20.2% 5,0134,1713,392
Operating profit (pre-provision) —— 7,570——
Provisions —— 1,130——
Net profit? +15.5%+8.5% 5,5565,1214,811
EPS (₹) +15.6%+8.3% 4.834.464.18
Cost-to-income % —— 51.9%——
Gross NPA % -90 bps-26 bps 3.2%3.5%4.1%
Net NPA % -9 bps-4 bps 0.3%0.4%0.4%

Where profit came from

Pre-provision profit ₹7,570 Cr; provisions ₹1,130 Cr.

Net profit +15.5% YoY.

Against its own trend ?

TrendActualGap
NII₹11,445₹10,725 -6.3% below
Net profit₹6,184₹5,556 -10.2% below
📊 Investor presentation (19 Aug) Detailed financials →

Bosch Limited

BOSCHLTD · Auto Components · Q3 FY26 · Consolidated
M Cap
₹1,31,508 Cr
P/E
55.6
PEG
3.09
  • Profit +15% above its own trend
  • 28% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +9.4%+1.9% 4,8864,7954,466
Operating profit +5.1%-0.8% 612617583
OPM % -51 bps-34 bps 12.5%12.9%13.0%
Other income +5.8%-4.7% 200210189
Net profit? +16.3%-3.9% 533554458
PAT margin % +64 bps-66 bps 10.9%11.6%10.3%
EPS (₹) +16.1%-4.0% 180.58188.01155.53

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹709 Cr: core business ₹509 Cr, other income ₹200 Cr.

Core profit YoY: +7.1% · reported profit +16.3%

Cash & debt

FY25 cash from operations ₹2,373 Cr: 118% of FY25 net profit of ₹2,014 Cr.

Borrowings ₹118 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,913₹4,886 -0.6% in line
Net profit₹461₹533 +15.4% above
📊 Investor presentation (10 Aug) Detailed financials →

Union Bank of India

UNIONBANK · Public Sector Banks · Q3 FY26 · Consolidated
M Cap
₹1,30,787 Cr
P/E
6.3
PEG
0.20
  • Profit -12% below its own trend
  • Gross NPA down 79 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +0.8%-0.7% 32,00232,21531,749
Net interest income +0.8%+5.5% 9,4498,9589,370
Other income +12.3%-6.6% 5,1835,5504,614
Net profit? +9.7%+14.6% 5,0734,4264,623
EPS (₹) +9.7%+14.7% 6.655.806.06
Gross NPA % -79 bps-23 bps 3.1%3.3%3.9%
Net NPA % -31 bps-4 bps 0.5%0.6%0.8%

Against its own trend ?

TrendActualGap
NII₹9,303₹9,449 +1.6% in line
Net profit₹5,758₹5,073 -11.9% below
📊 Investor presentation (21 Aug) Detailed financials →

Tech Mahindra Limited

TECHM · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹1,30,316 Cr
P/E
25.2
PEG
25.24
  • Profit -25% below its own trend
  • Operating margin expanded 282 bps YoY
  • Exceptional items of ₹-272 Cr in the quarter
  • Core business grew faster than reported profit (core profit +41%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.3%+2.8% 14,39313,99513,286
Operating profit +30.8%+9.1% 2,3662,1681,809
OPM % +282 bps+94 bps 16.4%15.5%13.6%
Other income to lossto loss -20.837.223.1
Net profit? +13.1%-6.9% 1,1191,202989
PAT margin % +33 bps-81 bps 7.8%8.6%7.4%
EPS (₹) +14.1%-6.1% 12.6613.4811.10

Quality of profit

Pre-tax profit ₹1,505 Cr: core business ₹1,798 Cr, other income −₹20.8 Cr, exceptional & other items −₹272 Cr.

Core profit YoY: +41.1% · reported profit +13.1%

Cash & debt

FY25 cash from operations ₹5,786 Cr: 136% of FY25 net profit of ₹4,253 Cr.

Borrowings ₹2,025 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹13,727₹14,393 +4.9% in line
Net profit₹1,495₹1,119 -25.2% below
📊 Investor presentation (16 Jul) Detailed financials →

Siemens Limited

SIEMENS · Electrical Equipment · Q3 FY26 · Standalone
M Cap
₹1,30,126 Cr
P/E
43.3
PEG
2.70
  • Profit -98% below its own trend
  • Operating margin contracted 508 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -92.1%-95.1% 2515,1713,175
Operating profit -96.2%-97.9% 12.0566313
OPM % -508 bps-616 bps 4.8%10.9%9.9%
Other income -73.1%-57.7% 44.0104164
Net profit -98.4%-98.1% 9.0485563
PAT margin % -1414 bps-579 bps 3.6%9.4%17.7%
EPS (₹) -62.9%-56.9% 5.8713.6315.81

Quality of profit

Pre-tax profit ₹12.0 Cr: core business −₹36.0 Cr, other income ₹44.0 Cr, exceptional & other items ₹4.0 Cr.

Core profit YoY: to loss · reported profit -98.4%

Cash & debt

Borrowings ₹98.0 Cr at Sep 2025.

Against its own trend ?

TrendActualGap
Sales₹2,425₹251 -89.7% below
Net profit₹407₹9.0 -97.8% below
Detailed financials →

Polycab India Limited

POLYCAB · Cables & Wires · Q3 FY26 · Consolidated
M Cap
₹1,26,609 Cr
P/E
43.6
PEG
1.61
  • Operating margin contracted 113 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +46.1%+17.9% 7,6366,4775,226
Operating profit +34.2%-5.4% 9661,021720
OPM % -113 bps-311 bps 12.7%15.8%13.8%
Other income +100.0%+10.1% 50.045.425.0
Net profit? +35.8%-9.1% 630693464
PAT margin % -63 bps-245 bps 8.3%10.7%8.9%
EPS (₹) +35.8%-9.3% 41.3045.5430.42

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹842 Cr: core business ₹791 Cr, other income ₹50.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +33.8% · reported profit +35.8%

Cash & debt

FY25 cash from operations ₹1,809 Cr: 88% of FY25 net profit of ₹2,045 Cr.

Borrowings ₹202 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,410₹7,636 +19.1% above
Net profit₹654₹630 -3.7% in line
Detailed financials →

Bank of Baroda Limited

BANKBARODA · Public Sector Banks · Q3 FY26 · Consolidated
M Cap
₹1,21,734 Cr
P/E
6.7
PEG
0.67
  • Provisions up 76% YoY
  • Gross NPA down 39 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +6.0%+4.1% 39,99938,43437,732
Net interest income +4.7%-0.9% 13,01413,12712,427
Other income +24.0%+25.1% 6,3995,1165,163
Operating profit (pre-provision) +14.5%+13.6% 9,6528,4938,432
Provisions +75.6%+46.2% 2,6281,7981,497
Net profit? +4.4%+6.0% 5,4435,1345,214
EPS (₹) +4.5%+6.0% 10.539.9310.08
Cost-to-income % -178 bps-316 bps 50.3%53.4%52.1%
Gross NPA % -39 bps-12 bps 2.0%2.2%2.4%
Net NPA % -2 bps+0 bps 0.6%0.6%0.6%

Where profit came from

Pre-provision profit ₹9,652 Cr (+14.5% YoY); provisions ₹2,628 Cr (+75.6% YoY).

Net profit +4.4% YoY.

Against its own trend ?

TrendActualGap
NII₹12,626₹13,014 +3.1% in line
Net profit₹5,252₹5,443 +3.6% in line
Detailed financials →

Bharat Petroleum Corporation Limited

BPCL · Refineries & Oil Marketing · Q3 FY26 · Consolidated
M Cap
₹1,21,555 Cr
P/E
7.1
PEG
0.07
  • Operating margin expanded 265 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +7.1%+30.2% 1,36,6531,04,9461,27,551
Operating profit +55.3%+19.7% 11,6879,7617,526
OPM % +265 bps-75 bps 8.6%9.3%5.9%
Other income +6.2%-53.0% 6461,375608
Net profit? +88.9%+16.1% 7,1886,1913,806
PAT margin % +228 bps-64 bps 5.3%5.9%3.0%
EPS (₹) +88.8%+17.9% 16.8214.278.91

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹9,737 Cr: core business ₹9,051 Cr, other income ₹646 Cr, exceptional & other items ₹41.0 Cr.

Core profit YoY: +86.4% · reported profit +88.9%

Cash & debt

FY25 cash from operations ₹23,678 Cr: 178% of FY25 net profit of ₹13,336 Cr.

Borrowings ₹61,101 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,23,860₹1,36,653 +10.3% above
Net profit₹6,857₹7,188 +4.8% in line
📊 Investor presentation (22 Jul) Detailed financials →

HDFC Life Insurance Company Limited

HDFCLIFE · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,21,472 Cr
P/E
61.5
PEG
5.13
  • Profit -13% below its own trend
  • Operating margin contracted 167 bps YoY
  • 39% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -40%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +70.1%+42.5% 29,42820,65117,300
Operating profit -39.5%-14.0% 271315448
OPM % -167 bps-60 bps 0.9%1.5%2.6%
Other income from loss+10.8% 174157-29.0
Net profit? -0.7%-6.7% 418448421
PAT margin % -101 bps-75 bps 1.4%2.2%2.4%
EPS (₹) -1.0%-6.7% 1.942.081.96

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹445 Cr: core business ₹271 Cr, other income ₹174 Cr.

Core profit YoY: -39.5% · reported profit -0.7%

Cash & debt

FY25 cash from operations ₹15,597 Cr: 862% of FY25 net profit of ₹1,810 Cr.

Borrowings ₹2,950 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹34,600₹29,428 -14.9% below
Net profit₹482₹418 -13.2% below
Detailed financials →

Bajaj Holdings & Investment Limited

BAJAJHLDNG · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,19,641 Cr
P/E
—
PEG
—
  • Profit +10% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income —+420.6% 2,133410158
Operating profit (pre-provision) —+481.8% 2,084358119
Net profit? +15.3%+29.3% 2,0161,5591,748
EPS (₹) +15.3%+29.3% 181.20140.10157.10

Where profit came from

Pre-provision profit ₹2,084 Cr.

Net profit +15.3% YoY.

Against its own trend ?

TrendActualGap
Total income₹147₹2,133 +999.0% above
Net profit₹1,832₹2,016 +10.1% above
Detailed financials →

LTIMindtree Limited

LTM · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹1,19,145 Cr
P/E
22.9
PEG
—
  • Profit -17% below its own trend
  • Operating margin expanded 209 bps YoY
  • Core business grew faster than reported profit (core profit +32%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.6%+3.7% 10,78110,3949,661
Operating profit +25.7%+3.8% 2,0031,9301,593
OPM % +209 bps+1 bps 18.6%18.6%16.5%
Other income to lossto loss -363300212
Net profit? -11.7%-30.5% 9601,3811,087
PAT margin % -234 bps-438 bps 8.9%13.3%11.2%
EPS (₹) -10.7%-30.8% 32.7447.2836.65

Quality of profit

Pre-tax profit ₹1,305 Cr: core business ₹1,668 Cr, other income −₹363 Cr.

Core profit YoY: +32.4% · reported profit -11.7%

Against its own trend ?

TrendActualGap
Sales₹10,507₹10,781 +2.6% in line
Net profit₹1,157₹960 -17.0% below
📊 Investor presentation (11 Jul) Detailed financials →

LG Electronics India Limited

LGEINDIA · Consumer Durables & Appliances · Q3 FY26 · Standalone
M Cap
₹1,17,611 Cr
P/E
64.4
PEG
8.06
  • Operating margin contracted 297 bps YoY
  • 50% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -6.4%-33.4% 4,1146,1744,396
Operating profit -42.4%-64.2% 196548340
OPM % -297 bps-411 bps 4.8%8.9%7.7%
Other income -3.8%-5.0% 76.080.079.0
Net profit -61.4%-76.9% 90.0389233
PAT margin % -311 bps-411 bps 2.2%6.3%5.3%
EPS (₹) -61.6%-77.0% 1.325.743.44

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹152 Cr: core business ₹76.0 Cr, other income ₹76.0 Cr.

Core profit YoY: -68.5% · reported profit -61.4%

Cash & debt

FY25 cash from operations ₹1,654 Cr.

Borrowings ₹428 Cr at Mar 2025.

📊 Investor presentation (13 Aug) Detailed financials →

Britannia Industries Limited

BRITANNIA · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹1,15,003 Cr
P/E
44.1
PEG
5.51
  • Profit +12% above its own trend
  • Operating margin expanded 130 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.2%+2.7% 4,9704,8414,593
Operating profit +15.9%+2.7% 977951843
OPM % +130 bps+1 bps 19.7%19.6%18.4%
Other income -4.8%+13.5% 59.052.062.0
Net profit? +17.2%+4.1% 682655582
PAT margin % +105 bps+19 bps 13.7%13.5%12.7%
EPS (₹) +16.9%+3.9% 28.2327.1724.15

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹919 Cr: core business ₹859 Cr, other income ₹59.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +20.0% · reported profit +17.2%

Cash & debt

FY25 cash from operations ₹2,481 Cr: 114% of FY25 net profit of ₹2,178 Cr.

Borrowings ₹1,247 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,976₹4,970 -0.1% in line
Net profit₹608₹682 +12.3% above
📊 Investor presentation (07 Aug) Detailed financials →

Zydus Lifesciences Limited

ZYDUSLIFE · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹1,13,157 Cr
P/E
22.3
PEG
0.70
  • Profit -15% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +30.3%+12.1% 6,8646,1235,269
Operating profit +30.8%-9.9% 1,8162,0161,388
OPM % +11 bps-647 bps 26.5%32.9%26.3%
Other income -54.4%-65.3% 26.075.057.0
Net profit? -0.3%-17.4% 1,0231,2391,026
PAT margin % -457 bps-533 bps 14.9%20.2%19.5%
EPS (₹) +1.9%-17.2% 10.3612.5110.17

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹1,353 Cr: core business ₹1,326 Cr, other income ₹26.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +17.7% · reported profit -0.3%

Cash & debt

FY25 cash from operations ₹6,777 Cr: 150% of FY25 net profit of ₹4,528 Cr.

Borrowings ₹3,213 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,162₹6,864 +11.4% above
Net profit₹1,197₹1,023 -14.5% below
📊 Investor presentation (23 Aug) Detailed financials →

Lenskart Solutions Limited

LENSKART · Retail · Q3 FY26 · Consolidated
M Cap
₹1,12,287 Cr
P/E
168.1
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +10.1% 2,3082,096
Operating profit +12.4% 464413
OPM % +41 bps 20.1%19.7%
Other income +22.3% 40.433.0
Net profit? +28.8% 133103
PAT margin % +84 bps 5.8%4.9%
EPS (₹) -37.9% 0.771.24

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹178 Cr: core business ₹145 Cr, other income ₹40.4 Cr, exceptional & other items −₹7.0 Cr.

Detailed financials →

Laurus Labs Limited

LAURUSLABS · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹1,11,801 Cr
P/E
102.5
PEG
25.63
  • Profit +36% above its own trend
  • Operating margin expanded 685 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +25.7%+7.5% 1,7781,6531,415
Operating profit +68.4%+19.1% 480403285
OPM % +685 bps+262 bps 27.0%24.4%20.2%
Other income -38.9%-78.6% 5.827.09.4
Net profit? +171.0%+29.5% 25219492.9
PAT margin % +760 bps+240 bps 14.2%11.8%6.6%
EPS (₹) +173.1%+29.4% 4.673.611.71

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹327 Cr: core business ₹321 Cr, other income ₹5.8 Cr.

Core profit YoY: +164.6% · reported profit +171.0%

Cash & debt

FY25 cash from operations ₹602 Cr: 168% of FY25 net profit of ₹359 Cr.

Borrowings ₹2,764 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,775₹1,778 +0.2% in line
Net profit₹186₹252 +35.5% above
📊 Investor presentation (18 Sep) Detailed financials →

Apollo Hospitals Enterprise Limited

APOLLOHOSP · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹1,11,793 Cr
P/E
55.8
PEG
1.64
  • Operating margin expanded 112 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +17.2%+2.8% 6,4776,3045,527
Operating profit +26.7%+2.6% 965941762
OPM % +112 bps-3 bps 14.9%14.9%13.8%
Other income -23.5%-3.5% 52.854.769.0
Net profit? +36.2%+4.5% 516494379
PAT margin % +111 bps+13 bps 8.0%7.8%6.9%
EPS (₹) +35.0%+5.3% 34.9433.1925.89

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹682 Cr: core business ₹634 Cr, other income ₹52.8 Cr, exceptional & other items −₹4.3 Cr.

Core profit YoY: +35.7% · reported profit +36.2%

Cash & debt

FY25 cash from operations ₹2,136 Cr: 142% of FY25 net profit of ₹1,505 Cr.

Borrowings ₹7,864 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,275₹6,477 +3.2% in line
Net profit₹547₹516 -5.6% in line
📊 Investor presentation (12 Aug) Detailed financials →

How to read this page

The numbers. Each card is one company's Q3 FY26 results as filed with NSE or BSE, read from the filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months). A swing between profit and loss is described in words: a percentage across it would mislead.

Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter, before minority interest. A company's own headline, and the AI read of its filing, often quote the profit attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two are the same.

Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income, as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points (100 bps = 1 percentage point).

Quality of profit. Core profit is operating profit minus interest and depreciation: what the business itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more, and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net profit, since a fall in provisions can lift profit without the business growing.

Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead each company is measured against the path it was on: the same quarter last year, grown at the median of its last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales 5% or more above that, or net profit 10% or more above, is "above trend"; as far below is "below trend". It answers "was this quarter better or worse than the company's own recent run?", which consensus does not.

Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show its operating cash flow for the last financial year as a share of that year's net profit (flagged under 50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet against the one six months earlier (flagged at a 25% move). Balance sheets come with the September and March results, cash-flow statements with the March results.

Price since results. The latest close against the last close before the filing (a filing after 3:30 pm counts from the next session). It is a fact about the market's reaction, not advice.

Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150 (SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.

Results calendarWho reports results today, tomorrow and this week. Strong quarterly resultsCompanies whose latest quarter showed profit up 30% or more. Live announcementsEvery NSE/BSE filing with an AI read, as it arrives. Company fundamentalsTen years of quarterly and annual financials.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI