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, 15:50 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

1051 matching results 1051

Page 3 of 36

LMW Limited

LMW · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹17,117 Cr
P/E
97.8
PEG
—
  • Profit -12% below its own trend
  • 62% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-11.5 Cr in the quarter
  • Core business grew faster than reported profit (core profit +64%)
  • FY25 operating cash flow was only 28% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.1%-7.7% 758822766
Operating profit +16.5%-5.4% 41.644.035.8
OPM % +83 bps+13 bps 5.5%5.4%4.7%
Other income -10.0%-27.7% 29.741.033.0
Net profit? -24.0%-64.2% 14.740.919.3
PAT margin % -58 bps-305 bps 1.9%5.0%2.5%
EPS (₹) -24.0%-64.2% 13.7238.3018.06

Quality of profit

Core 38%Other income & one-offs 62%

Pre-tax profit ₹29.5 Cr: core business ₹11.4 Cr, other income ₹29.7 Cr, exceptional & other items −₹11.5 Cr.

Core profit YoY: +64.2% · reported profit -24.0%

Cash & debt

FY25 cash from operations ₹29.0 Cr: 28% of FY25 net profit of ₹103 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹712₹758 +6.4% above
Net profit₹16.6₹14.7 -11.8% below
Detailed financials →

Sarda Energy & Minerals Limited

SARDAEN · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹16,902 Cr
P/E
14.7
PEG
—
  • Profit -38% below its own trend
  • Operating margin contracted 359 bps YoY
  • 37% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -29%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -3.3%-16.5% 1,2761,5281,319
Operating profit -15.7%-39.2% 311512369
OPM % -359 bps-913 bps 24.4%33.5%28.0%
Other income from loss+39.1% 95.068.3-0.4
Net profit? +1.0%-42.0% 190328188
PAT margin % +63 bps-656 bps 14.9%21.5%14.3%
EPS (₹) -3.6%-41.1% 5.409.175.60

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹255 Cr: core business ₹161 Cr, other income ₹95.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -28.9% · reported profit +1.0%

Against its own trend ?

TrendActualGap
Sales₹1,859₹1,276 -31.4% below
Net profit₹306₹190 -38.0% below
📊 Investor presentation (03 Aug) Detailed financials →

IndiGrid Infrastructure Trust

INDIGRID · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹16,029 Cr
P/E
40.2
PEG
—
  • Profit +193% above its own trend
  • Operating margin contracted 112 bps YoY
  • 42% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +49%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.7%+4.2% 862827772
Operating profit +10.3%+6.9% 763714692
OPM % -112 bps+218 bps 88.5%86.3%89.6%
Other income +43.8%+24.3% 46.037.032.0
Net profit? +72.4%+156.4% 10039.058.0
PAT margin % +409 bps+689 bps 11.6%4.7%7.5%
EPS (₹) +69.7%+115.4% 1.120.520.66

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹110 Cr: core business ₹64.0 Cr, other income ₹46.0 Cr.

Core profit YoY: +48.8% · reported profit +72.4%

Cash & debt

FY25 cash from operations ₹2,902 Cr: 706% of FY25 net profit of ₹411 Cr.

Borrowings ₹20,097 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹783₹862 +10.0% above
Net profit₹34.2₹100 +192.6% above
Detailed financials →

Travel Food Services Limited

TRAVELFOOD · Restaurants & QSR · Q3 FY26 · Consolidated
M Cap
₹15,976 Cr
P/E
32.8
PEG
—
  • 25% of pre-tax profit came from other income and one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales +28.1% 456356
Operating profit +33.9% 181135
OPM % +171 bps 39.7%38.0%
Other income +25.6% 44.035.0
Net profit? +39.9% 13797.9
PAT margin % +253 bps 30.0%27.5%
EPS (₹) +38.7% 10.087.27

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹177 Cr: core business ₹132 Cr, other income ₹44.0 Cr, exceptional & other items ₹1.0 Cr.

📊 Investor presentation (13 Aug) Detailed financials →

Graphite India Limited

GRAPHITE · Electrodes, Graphite & Refractories · Q3 FY26 · Consolidated
M Cap
₹15,775 Cr
P/E
75.5
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 807 bps YoY
  • 84% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-27.0 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +22.8%-11.9% 642729523
Operating profit from loss-2.3% 42.043.0-8.0
OPM % +807 bps+64 bps 6.5%5.9%-1.5%
Other income +468.4%+21.3% 10889.019.0
Net profit? from loss-11.8% 67.076.0-21.0
PAT margin % +1445 bps+1 bps 10.4%10.4%-4.0%
EPS (₹) from loss-10.5% 3.503.91-1.03

Quality of profit

Core 16%Other income & one-offs 84%

Pre-tax profit ₹97.0 Cr: core business ₹16.0 Cr, other income ₹108 Cr, exceptional & other items −₹27.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹500 Cr: 109% of FY25 net profit of ₹458 Cr.

Borrowings ₹173 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹481₹642 +33.5% above
Detailed financials →

Nazara Technologies Limited

NAZARA · Telecom Services · Q3 FY26 · Consolidated
M Cap
₹15,569 Cr
P/E
—
PEG
—
  • Profit -68% below its own trend
  • Operating margin expanded 983 bps YoY
  • 71% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +33%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -24.1%-22.9% 406526535
Operating profit +83.8%from loss 68.0-92237.0
OPM % +983 bps— 16.7%—6.9%
Other income -54.5%-98.9% 10.088122.0
Net profit? -35.7%from loss 9.0-34.014.0
PAT margin % -40 bps+867 bps 2.2%-6.5%2.6%
EPS (₹) -40.0%from loss 0.27-0.79adj. 0.45

EPS restated for the 1:1 bonus of Sep 2025: Dec 2024 ₹0.90 to ₹0.45.

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹14.0 Cr: core business ₹4.0 Cr, other income ₹10.0 Cr.

Core profit YoY: +33.3% · reported profit -35.7%

Cash & debt

FY25 cash from operations ₹66.0 Cr: 114% of FY25 net profit of ₹57.9 Cr.

Borrowings ₹219 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹969₹406 -58.1% below
Net profit₹28.0₹9.0 -67.9% below
Detailed financials →

NAVA LIMITED

NAVA · Diversified Conglomerates · Q3 FY26 · Consolidated
M Cap
₹15,445 Cr
P/E
15.9
PEG
—
  • Profit +12% above its own trend
  • Operating margin contracted 1514 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +17.6%+2.8% 991964842
Operating profit -15.7%+20.3% 379315450
OPM % -1514 bps+554 bps 38.3%32.7%53.4%
Other income -48.9%-29.9% 18.226.035.6
Net profit? -7.7%+83.7% 326177353
PAT margin % -904 bps+1447 bps 32.9%18.4%41.9%
EPS (₹) -9.0%+71.6% 7.844.578.62

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹397 Cr: core business ₹262 Cr, other income ₹18.2 Cr, exceptional & other items ₹116 Cr.

Core profit YoY: -26.3% · reported profit -7.7%

Cash & debt

FY25 cash from operations ₹2,157 Cr: 150% of FY25 net profit of ₹1,434 Cr.

Borrowings ₹893 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹862₹991 +15.0% above
Net profit₹292₹326 +11.5% above
Detailed financials →

Minda Corporation Limited

MINDACORP · Auto Components · Q3 FY26 · Consolidated
M Cap
₹15,309 Cr
P/E
49.1
PEG
6.14
  • Profit +17% above its own trend
  • 27% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -13%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.8%+1.2% 1,2631,2491,253
Operating profit +2.6%+7.5% 148137144
OPM % +20 bps+68 bps 11.7%11.0%11.5%
Other income +224.2%+599.8% 29.24.29.0
Net profit? +22.2%+69.0% 79.447.065.0
PAT margin % +110 bps+252 bps 6.3%3.8%5.2%
EPS (₹) +22.5%+68.5% 3.321.972.71

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹97.4 Cr: core business ₹71.2 Cr, other income ₹29.2 Cr, exceptional & other items −₹2.9 Cr.

Core profit YoY: -13.2% · reported profit +22.2%

Cash & debt

FY25 cash from operations ₹544 Cr: 235% of FY25 net profit of ₹231 Cr.

Borrowings ₹1,614 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,421₹1,263 -11.1% below
Net profit₹68.1₹79.4 +16.6% above
📊 Investor presentation (13 Aug) Detailed financials →

Vardhman Textiles Limited

VTL · Textiles · Q3 FY26 · Consolidated
M Cap
₹15,286 Cr
P/E
17.8
PEG
—
  • Profit -25% below its own trend
  • Operating margin contracted 134 bps YoY
  • 35% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +1.6%+1.0% 2,5052,4802,465
Operating profit -9.1%-15.0% 284334313
OPM % -134 bps-214 bps 11.3%13.5%12.7%
Other income -14.5%+59.0% 58.536.868.4
Net profit? -20.4%-10.3% 168188212
PAT margin % -186 bps-84 bps 6.7%7.6%8.6%
EPS (₹) -20.9%-11.0% 5.856.577.40

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹214 Cr: core business ₹140 Cr, other income ₹58.5 Cr, exceptional & other items ₹15.3 Cr.

Core profit YoY: -27.6% · reported profit -20.4%

Cash & debt

FY25 cash from operations ₹1,644 Cr: 185% of FY25 net profit of ₹887 Cr.

Borrowings ₹1,238 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,531₹2,505 -1.0% in line
Net profit₹225₹168 -25.3% below
📊 Investor presentation (30 Jul) Detailed financials →

Clean Max Enviro Energy Solutions Limited

CLEANMAX · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹15,200 Cr
P/E
96.6
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales -20.4% 422531
Operating profit -21.5% 263335
OPM % -80 bps 62.3%63.1%
Other income +62.3% 43.827.0
Net profit? -41.2% 21.236.0
PAT margin % -177 bps 5.0%6.8%
EPS (₹) +8.4% 2.702.49

Quality of profit

Pre-tax profit ₹6.6 Cr: core business −₹37.5 Cr, other income ₹43.8 Cr.

📊 Investor presentation (31 Jul) Detailed financials →

JSW Cement Limited

JSWCEMENT · Cement · Q3 FY26 · Consolidated
M Cap
₹15,124 Cr
P/E
21.0
PEG
—
  • 36% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-33.7 Cr in the quarter
₹ CrQoQ Dec 2025Sep 2025
Sales +12.9% 1,6211,436
Operating profit +6.5% 285268
OPM % -104 bps 17.6%18.6%
Other income +156.8% 86.133.5
Net profit? +73.3% 13175.4
PAT margin % +281 bps 8.1%5.2%
EPS (₹) +49.3% 1.060.71

Quality of profit

Core 64%Other income & one-offs 36%

Pre-tax profit ₹184 Cr: core business ₹117 Cr, other income ₹86.1 Cr, exceptional & other items −₹19.0 Cr.

📊 Investor presentation (28 Aug) Detailed financials →

LLOYDS ENGINEERING WORKS LIMITED

LLOYDSENGG · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹14,292 Cr
P/E
64.4
PEG
—
  • Profit +63% above its own trend
  • Operating margin expanded 348 bps YoY
  • 36% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +11%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.3%-16.1% 272325276
Operating profit +20.3%+14.9% 52.946.044.0
OPM % +348 bps+525 bps 19.4%14.2%15.9%
Other income —+379.5% 24.15.00.4
Net profit? +85.3%+23.5% 66.754.036.0
PAT margin % +1144 bps+786 bps 24.5%16.6%13.0%
EPS (₹) +112.5%+15.9% 0.510.440.24

Quality of profit

Core 64%Other income & one-offs 36%

Pre-tax profit ₹66.6 Cr: core business ₹42.5 Cr, other income ₹24.1 Cr.

Core profit YoY: +10.6% · reported profit +85.3%

Cash & debt

FY25 cash from operations ₹158 Cr.

Borrowings ₹83.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹360₹272 -24.3% below
Net profit₹41.0₹66.7 +62.5% above
Detailed financials →

Tega Industries Limited

TEGA · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹14,289 Cr
P/E
—
PEG
—
  • Profit -73% below its own trend
  • Operating margin contracted 1087 bps YoY
  • 48% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.4%-0.4% 404405409
Operating profit -49.4%-33.3% 46.269.291.3
OPM % -1087 bps-563 bps 11.4%17.1%22.3%
Other income +21.8%-3.4% 15.215.712.5
Net profit? -63.7%-56.1% 19.744.954.2
PAT margin % -837 bps-620 bps 4.9%11.1%13.3%
EPS (₹) -65.3%-58.1% 2.836.758.15

Quality of profit

Core 52%Other income & one-offs 48%

Pre-tax profit ₹31.9 Cr: core business ₹16.7 Cr, other income ₹15.2 Cr.

Core profit YoY: -71.8% · reported profit -63.7%

Cash & debt

FY25 cash from operations ₹195 Cr: 97% of FY25 net profit of ₹200 Cr.

Borrowings ₹330 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹451₹404 -10.5% below
Net profit₹72.2₹19.7 -72.7% below
📊 Investor presentation (13 Aug) Detailed financials →

Canara HSBC Life Insurance Company Limited

CANHLIFE · Insurance · Q3 FY26 · Standalone
M Cap
₹12,934 Cr
P/E
97.9
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales +79.0% 4,2022,348
Operating profit to loss -70.016.0
OPM % -235 bps -1.7%0.7%
Other income +236.7% 10130.0
Net profit -31.7% 28.041.0
PAT margin % -108 bps 0.7%1.7%
EPS (₹) -32.6% 0.290.43

Quality of profit

Pre-tax profit ₹31.0 Cr: core business −₹70.0 Cr, other income ₹101 Cr.

📊 Investor presentation (21 Jan) Detailed financials →

JBM Auto Limited

JBMA · Auto Components · Q3 FY26 · Consolidated
M Cap
₹12,700 Cr
P/E
52.2
PEG
2.37
  • Operating margin contracted 130 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-9.6 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +15.6%+18.0% 1,6141,3681,396
Operating profit +3.1%+11.1% 173156168
OPM % -130 bps-67 bps 10.7%11.4%12.0%
Other income +65.4%-23.2% 29.838.818.0
Net profit? +7.1%+8.6% 60.055.256.0
PAT margin % -29 bps-32 bps 3.7%4.0%4.0%
EPS (₹) +4.5%+4.5% 2.332.232.23

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹77.5 Cr: core business ₹56.9 Cr, other income ₹29.8 Cr, exceptional & other items −₹9.2 Cr.

Core profit YoY: +2.5% · reported profit +7.1%

Cash & debt

FY25 cash from operations ₹394 Cr: 184% of FY25 net profit of ₹215 Cr.

Borrowings ₹2,630 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,508₹1,614 +7.1% above
Net profit₹62.4₹60.0 -3.8% in line
Detailed financials →

Edelweiss Financial Services Limited

EDELWEISS · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹12,579 Cr
P/E
17.7
PEG
0.84
  • Profit +56% above its own trend
  • Operating margin contracted 1123 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +589%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +131.8%+136.4% 4,4001,8611,898
Operating profit +64.1%+97.7% 1,198606730
OPM % -1123 bps-534 bps 27.2%32.6%38.5%
Other income +123.2%+466.7% 22139.099.0
Net profit? +74.2%+54.3% 270175155
PAT margin % -203 bps-327 bps 6.1%9.4%8.2%
EPS (₹) +111.4%+105.1% 2.791.361.32

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹792 Cr: core business ₹572 Cr, other income ₹221 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +589.2% · reported profit +74.2%

Cash & debt

FY25 cash from operations ₹2,052 Cr: 384% of FY25 net profit of ₹535 Cr.

Borrowings ₹18,004 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,491₹4,400 +195.2% above
Net profit₹173₹270 +56.1% above
Detailed financials →

Sobha Limited

SOBHA · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹12,368 Cr
P/E
53.6
PEG
2.33
  • Profit -66% below its own trend
  • Operating margin contracted 134 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -23.0%-33.0% 9431,4081,224
Operating profit -41.8%-66.8% 39.011867.0
OPM % -134 bps-422 bps 4.1%8.4%5.5%
Other income +21.2%+194.1% 40.013.633.0
Net profit? -31.8%-79.5% 15.073.022.0
PAT margin % -21 bps-360 bps 1.6%5.2%1.8%
EPS (₹) -29.1%-78.8% 1.446.782.03

Quality of profit

Pre-tax profit ₹21.0 Cr: core business −₹19.0 Cr, other income ₹40.0 Cr.

Core profit YoY: loss widened · reported profit -31.8%

Cash & debt

FY25 cash from operations ₹200 Cr: 211% of FY25 net profit of ₹95.0 Cr.

Borrowings ₹1,183 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,918₹943 -50.8% below
Net profit₹44.0₹15.0 -65.9% below
Detailed financials →

Amagi Media Labs Limited

AMAGI · IT Enabled Services (BPO/KPO) · Q3 FY26 · Consolidated
M Cap
₹12,283 Cr
P/E
120.5
PEG
—
  • 31% of pre-tax profit came from other income and one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales +7.7% 404375
Operating profit from loss 31.0-3.0
OPM % +847 bps 7.7%-0.8%
Other income -26.7% 11.015.0
Net profit? +933.3% 31.03.0
PAT margin % +687 bps 7.7%0.8%
EPS (₹) +119.2% 1.600.73

Quality of profit

Core 69%Other income & one-offs 31%

Pre-tax profit ₹35.0 Cr: core business ₹24.0 Cr, other income ₹11.0 Cr.

📊 Investor presentation (13 Aug) Detailed financials →

Trident Limited

TRIDENT · Textiles · Q3 FY26 · Consolidated
M Cap
₹11,215 Cr
P/E
28.4
PEG
—
  • Profit -63% below its own trend
  • Operating margin contracted 420 bps YoY
  • 39% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -5.6%-11.9% 1,5741,7871,667
Operating profit -36.4%-36.4% 136214214
OPM % -420 bps-333 bps 8.6%12.0%12.8%
Other income +53.3%+35.3% 23.017.015.0
Net profit? -45.0%-51.6% 44.091.080.0
PAT margin % -200 bps-230 bps 2.8%5.1%4.8%
EPS (₹) -43.8%-50.0% 0.090.180.16

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹62.0 Cr: core business ₹38.0 Cr, other income ₹23.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -55.8% · reported profit -45.0%

Cash & debt

FY25 cash from operations ₹945 Cr: 255% of FY25 net profit of ₹370 Cr.

Borrowings ₹1,635 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,686₹1,574 -6.6% below
Net profit₹120₹44.0 -63.2% below
📊 Investor presentation (25 Jul) Detailed financials →

Lloyds Enterprises Limited

LLOYDSENT · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹10,924 Cr
P/E
39.2
PEG
0.50
  • Profit -13% below its own trend
  • Operating margin contracted 605 bps YoY
  • 86% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -84%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +3.1%-33.0% 299447290
Operating profit -40.7%-53.6% 24.552.841.4
OPM % -605 bps-363 bps 8.2%11.8%14.3%
Other income +90.3%+585.9% 34.45.018.1
Net profit? -8.4%-38.8% 37.962.041.4
PAT margin % -159 bps-120 bps 12.7%13.9%14.3%
EPS (₹) -12.1%+93.3% 0.290.150.33

Quality of profit

Core 14%Other income & one-offs 86%

Pre-tax profit ₹39.3 Cr: core business ₹5.4 Cr, other income ₹34.4 Cr, exceptional & other items −₹0.6 Cr.

Core profit YoY: -84.5% · reported profit -8.4%

Cash & debt

FY25 cash from operations ₹145 Cr: 118% of FY25 net profit of ₹123 Cr.

Borrowings ₹596 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹317₹299 -5.6% below
Net profit₹43.5₹37.9 -12.9% below
Detailed financials →

IIFL Capital Services Limited

IIFLCAPS · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹10,820 Cr
P/E
18.9
PEG
0.61
  • Profit +14% above its own trend
  • Operating margin contracted 960 bps YoY
  • 53% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -35%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.5%+2.4% 586572583
Operating profit -22.4%-10.8% 190213245
OPM % -960 bps-481 bps 32.4%37.2%42.0%
Other income +109.4%from loss 134-25.064.0
Net profit? -4.6%+121.2% 18885.0197
PAT margin % -171 bps+1722 bps 32.1%14.9%33.8%
EPS (₹) -5.5%+121.0% 6.012.726.36

Quality of profit

Core 47%Other income & one-offs 53%

Pre-tax profit ₹254 Cr: core business ₹120 Cr, other income ₹134 Cr.

Core profit YoY: -35.5% · reported profit -4.6%

Cash & debt

FY25 cash from operations ₹871 Cr: 122% of FY25 net profit of ₹712 Cr.

Borrowings ₹937 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹540₹586 +8.6% above
Net profit₹165₹188 +14.0% above
📊 Investor presentation (23 Jul) Detailed financials →

BLACKBUCK LIMITED

BLACKBUCK · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹10,572 Cr
P/E
62.4
PEG
1.69
  • Turnaround: profit against a loss a year ago
  • 29% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +50.9%+13.8% 172151114
Operating profit +50.0%+23.2% 45.036.530.0
OPM % -15 bps+200 bps 26.2%24.2%26.3%
Other income from loss-19.0% 13.016.1-69.0
Net profit? from loss+9.6% 32.029.2-48.0
PAT margin % +6071 bps-71 bps 18.6%19.3%-42.1%
EPS (₹) from loss+8.0% 1.751.62-2.72

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹42.0 Cr: core business ₹30.0 Cr, other income ₹13.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +50.0%

Cash & debt

FY25 cash from operations ₹58.0 Cr.

Borrowings ₹38.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹167₹172 +2.8% in line
📊 Investor presentation (29 Jul) Detailed financials →

Strides Pharma Science Limited

STAR · Pharmaceuticals · Q3 FY26 · Standalone
M Cap
₹10,104 Cr
P/E
26.0
PEG
0.37
  • Profit +308% above its own trend
  • Operating margin contracted 112 bps YoY
  • 76% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +69%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +19.2%+22.5% 657536551
Operating profit +9.3%+30.6% 81.062.074.1
OPM % -112 bps+77 bps 12.3%11.6%13.4%
Other income —+635.7% 10314.02.4
Net profit +716.0%+280.4% 12232.014.9
PAT margin % +1585 bps+1258 bps 18.6%6.0%2.7%
EPS (₹) +716.7%+280.2% 13.233.481.62

Quality of profit

Core 24%Other income & one-offs 76%

Pre-tax profit ₹135 Cr: core business ₹32.0 Cr, other income ₹103 Cr.

Core profit YoY: +68.7% · reported profit +716.0%

Cash & debt

FY25 cash from operations ₹421 Cr: 837% of FY25 net profit of ₹50.3 Cr.

Borrowings ₹1,202 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹532₹657 +23.5% above
Net profit₹29.9₹122 +308.0% above
Detailed financials →

Jaiprakash Power Ventures Limited

JPPOWER · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹10,054 Cr
P/E
15.7
PEG
0.16
  • Profit -96% below its own trend
  • Operating margin contracted 1041 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +1.4%-19.7% 1,1561,4381,140
Operating profit -40.1%-63.1% 174471290
OPM % -1041 bps-1771 bps 15.0%32.7%25.4%
Other income -52.0%+39.0% 55.940.2116
Net profit? -97.0%-97.9% 3.8182127
PAT margin % -1078 bps-1233 bps 0.3%12.7%11.1%
EPS (₹) -97.4%-98.2% 0.000.200.14

Quality of profit

Pre-tax profit ₹18.6 Cr: core business −₹37.3 Cr, other income ₹55.9 Cr.

Core profit YoY: to loss · reported profit -97.0%

Cash & debt

FY25 cash from operations ₹1,714 Cr: 211% of FY25 net profit of ₹814 Cr.

Borrowings ₹3,778 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,019₹1,156 +13.4% above
Net profit₹97.0₹3.8 -96.1% below
Detailed financials →

Ircon International Limited

IRCON · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹9,850 Cr
P/E
19.0
PEG
—
  • Profit +66% above its own trend
  • Operating margin expanded 240 bps YoY
  • 83% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -49%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -18.9%+7.2% 2,1191,9772,613
Operating profit +19.7%+12.1% 158141132
OPM % +240 bps+32 bps 7.5%7.1%5.1%
Other income +30.2%-28.2% 11215686.0
Net profit? +16.0%-26.9% 99.813786.1
PAT margin % +142 bps-219 bps 4.7%6.9%3.3%
EPS (₹) +16.3%-27.2% 1.071.470.92

Quality of profit

Core 17%Other income & one-offs 83%

Pre-tax profit ₹135 Cr: core business ₹23.0 Cr, other income ₹112 Cr.

Core profit YoY: -48.9% · reported profit +16.0%

Cash & debt

FY25 cash from operations −₹1,110 Cr: -153% of FY25 net profit of ₹728 Cr.

Borrowings ₹4,299 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,239₹2,119 -5.3% below
Net profit₹60.1₹99.8 +66.2% above
📊 Investor presentation (12 Aug) Detailed financials →

SG Mart Limited

SGMART · Trading & Distribution · Q3 FY26 · Standalone
M Cap
₹9,633 Cr
P/E
80.1
PEG
—
  • Profit -77% below its own trend
  • Operating margin contracted 101 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.7%-6.7% 1,4071,5081,271
Operating profit -60.2%-46.9% 8.015.020.0
OPM % -101 bps-43 bps 0.6%1.0%1.6%
Other income -33.5%-5.5% 17.919.027.0
Net profit -76.1%-60.7% 6.717.028.0
PAT margin % -173 bps-65 bps 0.5%1.1%2.2%
EPS (₹) -78.5%-60.2% 0.531.332.46

Quality of profit

Pre-tax profit ₹9.1 Cr: core business −₹8.8 Cr, other income ₹17.9 Cr.

Core profit YoY: to loss · reported profit -76.1%

Against its own trend ?

TrendActualGap
Sales₹1,247₹1,407 +12.8% above
Net profit₹29.5₹6.7 -77.3% below
📊 Investor presentation (20 Jul) Detailed financials →

Avanti Feeds Limited

AVANTIFEED · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹9,626 Cr
P/E
16.4
PEG
0.51
  • Profit -17% below its own trend
  • 28% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +1.3%-14.1% 1,3841,6101,366
Operating profit +9.8%-9.4% 176194160
OPM % +99 bps+65 bps 12.7%12.1%11.7%
Other income +61.2%+27.5% 63.149.439.1
Net profit? +16.1%-3.1% 163169141
PAT margin % +151 bps+133 bps 11.8%10.5%10.3%
EPS (₹) +21.1%+6.8% 12.0111.259.92

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹222 Cr: core business ₹159 Cr, other income ₹63.1 Cr.

Core profit YoY: +10.1% · reported profit +16.1%

Cash & debt

FY25 cash from operations ₹584 Cr: 105% of FY25 net profit of ₹557 Cr.

Borrowings ₹15.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,481₹1,384 -6.6% below
Net profit₹196₹163 -16.6% below
📊 Investor presentation (26 Aug) Detailed financials →

RITES Limited

RITES · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹9,554 Cr
P/E
20.7
PEG
—
  • Profit +35% above its own trend
  • Operating margin expanded 867 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +103%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +5.7%+10.9% 609549576
Operating profit +80.1%-1.7% 12813071.0
OPM % +867 bps-269 bps 21.0%23.7%12.3%
Other income -31.7%-13.3% 26.330.338.4
Net profit? +37.4%+5.5% 11510983.8
PAT margin % +436 bps-97 bps 18.9%19.9%14.6%
EPS (₹) +39.5%+3.9% 2.122.041.52

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹154 Cr: core business ₹110 Cr, other income ₹26.3 Cr, exceptional & other items ₹18.0 Cr.

Core profit YoY: +103.5% · reported profit +37.4%

Cash & debt

FY25 cash from operations ₹637 Cr: 160% of FY25 net profit of ₹398 Cr.

Borrowings ₹9.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹566₹609 +7.6% above
Net profit₹85.4₹115 +34.7% above
📊 Investor presentation (04 Aug) Detailed financials →

Finolex Industries Limited

FINPIPE · Plastic Products · Q3 FY26 · Consolidated
M Cap
₹9,372 Cr
P/E
15.7
PEG
0.41
  • Profit +26% above its own trend
  • Operating margin expanded 538 bps YoY
  • 40% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +103%)
  • FY25 operating cash flow was only 48% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -10.3%+4.5% 8988591,001
Operating profit +47.5%-5.4% 12313083.4
OPM % +538 bps-145 bps 13.7%15.2%8.3%
Other income +8.4%-9.1% 52.557.848.4
Net profit? +23.5%-6.1% 11612494.0
PAT margin % +354 bps-146 bps 12.9%14.4%9.4%
EPS (₹) +23.7%-6.0% 1.882.001.52

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹157 Cr: core business ₹93.6 Cr, other income ₹52.5 Cr, exceptional & other items ₹10.9 Cr.

Core profit YoY: +102.9% · reported profit +23.5%

Cash & debt

FY25 cash from operations ₹383 Cr: 48% of FY25 net profit of ₹790 Cr.

Borrowings ₹237 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹967₹898 -7.1% below
Net profit₹92.4₹116 +25.7% above
📊 Investor presentation (06 Aug) Detailed financials →

Unimech Aerospace and Manufacturing Limited

UNIMECH · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹9,148 Cr
P/E
127.2
PEG
3.10
  • Profit -83% below its own trend
  • Operating margin contracted 2454 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -37.4%-45.6% 33.762.053.9
Operating profit -90.2%-91.7% 1.518.515.7
OPM % -2454 bps-2535 bps 4.6%29.9%29.1%
Other income +41.5%+10.5% 10.99.97.7
Net profit? -84.7%-84.8% 2.415.715.6
PAT margin % -2182 bps-1821 bps 7.1%25.3%28.9%
EPS (₹) -86.1%-84.7% 0.473.083.37

Quality of profit

Pre-tax profit ₹4.0 Cr: core business −₹6.9 Cr, other income ₹10.9 Cr.

Core profit YoY: to loss · reported profit -84.7%

Cash & debt

FY25 cash from operations ₹81.0 Cr: 97% of FY25 net profit of ₹83.8 Cr.

Borrowings ₹84.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹56.2₹33.7 -40.0% below
Net profit₹13.8₹2.4 -82.7% below
📊 Investor presentation (03 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