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.
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
Filters & sorting
Results by sector
1051 matching results 1051
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531537
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 12917 bps YoY 59% 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
+700.0% +6.7%
0.5 0.5 0.1 Operating profit
from loss +4.8%
0.2 0.2 -0.1 OPM %
+12917 bps -83 bps
45.8% 46.7% -83.3% Other income
+44.4% -48.0%
0.1 0.2 0.1 Net profit?
— to loss -0.0 0.3 0.0 PAT margin %
-417 bps -8194 bps
-4.2% 77.8% 0.0% EPS (₹)
— to loss -0.01 0.17 0.00
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 −₹5.5 Cr:
-1339% of FY25 net profit of ₹0.4 Cr.
Borrowings ₹0.1 Cr at Mar 2025.
531539
· 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
— -73.3%
0.1 0.3 0.0 Operating profit
loss narrowed loss widened -0.2 -0.0 -0.8 Other income
-6.5% +26.1%
0.3 0.2 0.3 Net profit
from loss -62.5%
0.1 0.2 -0.8 PAT margin %
— +2167 bps
75.0% 53.3% — EPS (₹)
from loss -62.1%
0.11 0.29 -1.37
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.9 Cr:
-1087% of FY25 net profit of ₹0.1 Cr.
Borrowings nil at Mar 2025.
531552
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -69% 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
— —
0.0 0.0 0.0 Operating profit
— loss widened -0.1 -0.1 -0.1 Other income
-18.6% -23.9%
0.3 0.5 0.4 Net profit?
-37.5% -71.7%
0.1 0.5 0.2 EPS (₹)
-40.0% -72.7%
0.12 0.44 0.20
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: loss widened
· reported profit -37.5%
Cash & debt
FY25 cash from operations −₹0.7 Cr:
-76% of FY25 net profit of ₹1.0 Cr.
Borrowings ₹2.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.5 ₹0.1
-68.7% below
531574
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
— loss narrowed -0.1 -0.1 -0.1 Other income
+100.0% -42.9%
0.1 0.2 0.1 Net profit
from loss -77.8%
0.0 0.1 -0.1 EPS (₹)
from loss -83.3%
0.01 0.06 -0.04
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹2.2 Cr.
Borrowings ₹120 Cr at Mar 2025.
531651
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +50% above its own trend Operating margin contracted 1554 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+3.8% +29.4%
2.7 2.1 2.6 Operating profit
to loss loss narrowed -0.3 -0.5 0.1 OPM %
-1554 bps +1092 bps
-11.4% -22.3% 4.2% Other income
+63.9% +37.2%
0.6 0.4 0.4 Net profit
-25.0% from loss 0.1 -0.2 0.2 PAT margin %
-211 bps +1545 bps
5.5% -10.0% 7.6% EPS (₹)
-8.3% from loss 0.33 -0.38 0.36
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.4 Cr, other income ₹0.6 Cr.
Core profit YoY: loss widened
· reported profit -25.0%
Cash & debt
FY25 cash from operations −₹0.3 Cr:
-30% of FY25 net profit of ₹0.9 Cr.
Borrowings ₹0.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.1 ₹2.7
+30.4% above Net profit ₹0.1 ₹0.1
+50.0% above
531672
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -62% below its own trend Operating margin contracted 2963 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-10.0% +8.0%
0.3 0.2 0.3 Operating profit
— loss widened -0.1 -0.0 0.0 OPM %
-2963 bps -2163 bps
-29.6% -8.0% 0.0% Other income
-4.5% +31.2%
0.2 0.2 0.2 Net profit
-66.7% +0.0%
0.0 0.0 0.1 PAT margin %
-1259 bps -59 bps
7.4% 8.0% 20.0% EPS (₹)
-69.2% +0.0%
0.04 0.04 0.13
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
· reported profit -66.7%
Cash & debt
FY25 cash from operations −₹1.1 Cr:
-189% of FY25 net profit of ₹0.6 Cr.
Borrowings ₹1.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹0.3
+32.1% above Net profit ₹0.1 ₹0.0
-61.8% below
531673
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 1124 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
-19.4% -29.8%
3.9 5.6 4.9 Operating profit
from loss -17.5%
0.3 0.4 -0.1 OPM %
+1124 bps +125 bps
8.4% 7.1% -2.9% Other income
-54.8% -33.3%
0.1 0.2 0.3 Net profit?
loss narrowed to loss -0.0 0.1 -0.4 PAT margin %
+701 bps -254 bps
-0.8% 1.8% -7.8% EPS (₹)
loss narrowed to loss -0.01 0.02 -0.25
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹1.0 Cr.
Borrowings ₹3.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.8 ₹3.9
-59.7% below
531680
· Q3 FY26 · Consolidated
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 loss narrowed -0.1 -0.1 -0.1 Other income
+350.0% -56.1%
0.4 0.8 0.1 Net profit?
from loss -57.1%
0.3 0.6 -0.0 EPS (₹)
from loss -56.9%
0.56 1.30 -0.08
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.1 Cr, other income ₹0.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹0.8 Cr:
-3750% of FY25 net profit of ₹0.0 Cr.
Borrowings ₹3.9 Cr at Mar 2025.
531688
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +91% above its own trend 63% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -54%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+27.4% -10.7%
913 1,021 716 Operating profit
-36.3% -61.8%
0.6 1.5 0.9 OPM %
-6 bps -9 bps
0.1% 0.1% 0.1% Other income
+104.0% +30.8%
0.5 0.4 0.2 Net profit?
-4.3% -46.3%
0.7 1.2 0.7 PAT margin %
-2 bps -5 bps
0.1% 0.1% 0.1% EPS (₹)
-4.8% -46.3%
0.80 1.49 0.84
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.3 Cr, other income ₹0.5 Cr.
Core profit YoY: -53.8%
· reported profit -4.3%
Cash & debt
FY25 cash from operations −₹1.0 Cr:
-12% of FY25 net profit of ₹8.0 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹555 ₹913
+64.5% above Net profit ₹0.3 ₹0.7
+91.3% above
531726
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +18% above its own trend Operating margin contracted 316 bps YoY 26% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -20%) FY25 operating cash flow was only 28% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+1.9% +5.6%
26.7 25.3 26.2 Operating profit
-16.7% +8.0%
3.8 3.5 4.5 OPM %
-316 bps +32 bps
14.1% 13.8% 17.3% Other income
+10.4% +65.6%
1.1 0.6 1.0 Net profit
+0.3% +41.0%
3.7 2.6 3.7 PAT margin %
-22 bps +346 bps
13.8% 10.3% 14.0% EPS (₹)
+0.0% +40.9%
2.79 1.98 2.79
Quality of profit
Pre-tax profit ₹4.2 Cr: core business ₹3.1 Cr, other income ₹1.1 Cr.
Core profit YoY: -20.4%
· reported profit +0.3%
Cash & debt
FY25 cash from operations ₹4.0 Cr:
28% of FY25 net profit of ₹14.1 Cr.
Borrowings ₹5.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹24.1 ₹26.7
+10.8% above Net profit ₹3.1 ₹3.7
+18.5% above
531743
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +47% above its own trend Operating margin contracted 143 bps YoY 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+6.8% +101.5%
53.8 26.7 50.3 Operating profit
-22.3% -2.8%
2.1 2.1 2.6 OPM %
-143 bps -412 bps
3.8% 7.9% 5.3% Other income
+300.0% +300.0%
0.0 0.0 0.0 Net profit
-26.7% +22.2%
0.1 0.1 0.1 PAT margin %
-9 bps -13 bps
0.2% 0.3% 0.3% EPS (₹)
-25.9% +21.2%
0.40 0.33 0.54
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.1 Cr, other income ₹0.0 Cr.
Core profit YoY: -38.9%
· reported profit -26.7%
Cash & debt
FY25 cash from operations ₹8.0 Cr:
1026% of FY25 net profit of ₹0.8 Cr.
Borrowings ₹86.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹27.7 ₹53.8
+93.9% above Net profit ₹0.1 ₹0.1
+46.7% above
531744
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +19% above its own trend Operating margin contracted 432 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
-4.6% -17.1%
8.9 10.8 9.3 Operating profit
to loss to loss -0.1 0.7 0.3 OPM %
-432 bps -693 bps
-0.8% 6.1% 3.5% Other income
+148.6% +61.4%
0.9 0.6 0.4 Net profit
-37.1% -78.0%
0.2 1.0 0.3 PAT margin %
-128 bps -683 bps
2.5% 9.3% 3.7% EPS (₹)
-38.1% -78.2%
0.39 1.79 0.63
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.5 Cr, other income ₹0.9 Cr.
Core profit YoY: loss widened
· reported profit -37.1%
Cash & debt
FY25 cash from operations ₹1.8 Cr:
101% of FY25 net profit of ₹1.8 Cr.
Borrowings ₹4.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.0 ₹8.9
-1.3% in line Net profit ₹0.2 ₹0.2
+19.2% above
531784
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +120% above its own trend Operating margin expanded 5566 bps YoY 88% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+920.6% —
12.9 1.0 1.3 Operating profit
from loss from loss 0.3 -0.7 -0.7 OPM %
+5566 bps +6719 bps
2.5% -64.7% -53.2% Other income
+9.2% +274.3%
1.3 0.3 1.2 Net profit
+340.0% from loss 1.1 -0.3 0.2 PAT margin %
-1129 bps +4091 bps
8.6% -32.4% 19.8% EPS (₹)
+600.0% from loss 0.07 -0.02 0.01
Quality of profit
Pre-tax profit ₹1.5 Cr: core business ₹0.2 Cr, other income ₹1.3 Cr.
Core profit YoY: from loss
· reported profit +340.0%
Cash & debt
FY25 cash from operations ₹9.8 Cr:
1894% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹3.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.6 ₹12.9
+999.0% above Net profit ₹0.5 ₹1.1
+120.0% above
531802
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 165 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
+118.2% -53.1%
3.0 6.4 1.4 Operating profit
loss widened to loss -0.3 0.9 -0.2 OPM %
+165 bps -2353 bps
-10.0% 13.5% -11.7% Other income
+168.5% +154.4%
1.4 0.6 0.5 Net profit?
from loss -11.6%
0.8 0.9 -0.4 PAT margin %
+5948 bps +1318 bps
28.1% 14.9% -31.4% EPS (₹)
from loss -3.8%
0.25 0.26 -0.11
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹0.4 Cr, other income ₹1.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹44.0 Cr:
3407% of FY25 net profit of ₹1.3 Cr.
Borrowings ₹25.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.7 ₹3.0
+336.5% above
531842
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +18% above its own trend Operating margin contracted 157 bps YoY 42% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -40%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-17.5% -8.2%
99.9 109 121 Operating profit
-38.9% +437.3%
4.5 0.8 7.3 OPM %
-157 bps +370 bps
4.5% 0.8% 6.0% Other income
+167.9% -72.7%
2.2 8.2 0.8 Net profit?
-5.5% -38.0%
4.3 7.0 4.6 PAT margin %
+55 bps -208 bps
4.3% 6.4% 3.8% EPS (₹)
-5.7% -38.1%
1.48 2.39 1.57
Quality of profit
Pre-tax profit ₹5.4 Cr: core business ₹3.2 Cr, other income ₹2.2 Cr.
Core profit YoY: -40.3%
· reported profit -5.5%
Cash & debt
FY25 cash from operations ₹20.0 Cr:
152% of FY25 net profit of ₹13.1 Cr.
Borrowings ₹6.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹105 ₹99.9
-4.6% in line Net profit ₹3.7 ₹4.3
+18.1% above
531847
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +32% above its own trend Operating margin contracted 146 bps YoY 65% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -66%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-4.1% -13.1%
660 759 688 Operating profit
-46.7% -50.7%
12.1 24.4 22.6 OPM %
-146 bps -139 bps
1.8% 3.2% 3.3% Other income
+108.2% from loss 7.6 -0.1 3.7 Net profit?
-15.6% -22.4%
9.4 12.1 11.2 PAT margin %
-19 bps -17 bps
1.4% 1.6% 1.6% EPS (₹)
-18.7% -16.4%
6.11 7.31 7.52
Quality of profit
Pre-tax profit ₹11.8 Cr: core business ₹4.1 Cr, other income ₹7.6 Cr.
Core profit YoY: -65.6%
· reported profit -15.6%
Cash & debt
FY25 cash from operations ₹230 Cr:
554% of FY25 net profit of ₹41.5 Cr.
Borrowings ₹528 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹668 ₹660
-1.1% in line Net profit ₹7.1 ₹9.4
+32.1% above
531869
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
67% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -62%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-17.5% -0.3%
21.4 21.4 25.9 Operating profit
-28.8% -22.7%
1.2 1.5 1.6 OPM %
-86 bps -157 bps
5.4% 7.0% 6.3% Other income
— —
0.7 0.0 0.0 Net profit
+14.9% +54.0%
0.8 0.5 0.7 PAT margin %
+102 bps +127 bps
3.6% 2.3% 2.6% EPS (₹)
+20.0% +50.0%
0.06 0.04 0.05
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.3 Cr, other income ₹0.7 Cr.
Core profit YoY: -62.2%
· reported profit +14.9%
Cash & debt
FY25 cash from operations −₹1.3 Cr:
-64% of FY25 net profit of ₹2.1 Cr.
Borrowings ₹19.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹33.3 ₹21.4
-35.8% below Net profit ₹0.7 ₹0.8
+5.6% in line
531893
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +34% above its own trend Operating margin contracted 181 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
-53.5% +100.5%
11.4 5.7 24.6 Operating profit
to loss loss narrowed -0.0 -0.8 0.4 OPM %
-181 bps +1351 bps
-0.3% -13.9% 1.5% Other income
+26.4% -45.1%
0.7 1.2 0.5 Net profit
-32.8% +115.8%
0.4 0.2 0.6 PAT margin %
+111 bps +25 bps
3.6% 3.3% 2.5% EPS (₹)
+0.0% —
0.01 0.00 0.01
Quality of profit
Pre-tax profit ₹0.6 Cr: core business −₹0.1 Cr, other income ₹0.7 Cr.
Core profit YoY: to loss
· reported profit -32.8%
Cash & debt
FY25 cash from operations −₹36.3 Cr.
Borrowings ₹2.7 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹12.3 ₹11.4
-7.0% below Net profit ₹0.3 ₹0.4
+34.4% above
531909
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed —
-0.2 -0.2 -0.2 Other income
from loss +0.0%
0.2 0.2 -0.1 Net profit
from loss +0.0%
0.0 0.0 -0.3 EPS (₹)
— —
0.00 0.00 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 ₹1.8 Cr.
Borrowings nil at Mar 2025.
531911
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 4668 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+1.4% -23.5%
0.8 1.0 0.7 Operating profit
to loss loss widened -0.3 -0.3 0.0 OPM %
-4668 bps -1778 bps
-45.3% -27.6% 1.4% Other income
from loss —
5.7 0.0 -0.1 Net profit
from loss from loss 5.3 -0.2 -0.1 EPS (₹)
from loss from loss 3.24 -0.13 -0.05
Quality of profit
Pre-tax profit ₹5.3 Cr: core business −₹0.4 Cr, other income ₹5.7 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹0.2 Cr:
-262% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹1.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.7 ₹0.8
+6.8% above
531930
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -79% below its own trend 36% 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
-29.7% -47.9%
43.2 82.9 61.5 Operating profit
-36.3% -55.9%
0.9 1.9 1.4 OPM %
-21 bps -36 bps
2.0% 2.4% 2.2% Other income
-12.5% +61.5%
0.2 0.1 0.2 Net profit
-58.7% +34.4%
0.4 0.3 1.0 PAT margin %
-70 bps +61 bps
1.0% 0.4% 1.7% EPS (₹)
-58.9% +35.3%
0.46 0.34 1.12
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.4 Cr, other income ₹0.2 Cr.
Core profit YoY: -64.4%
· reported profit -58.7%
Cash & debt
FY25 cash from operations −₹15.0 Cr:
-524% of FY25 net profit of ₹2.9 Cr.
Borrowings ₹5.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹123 ₹43.2
-64.8% below Net profit ₹2.1 ₹0.4
-79.3% below
531931
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -22% 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
+9.1% +71.4%
0.2 0.1 0.2 Operating profit
loss narrowed loss narrowed -0.5 -0.7 -0.7 Other income
+27.0% -2.1%
6.5 6.7 5.1 Net profit?
+55.5% +0.0%
3.6 3.6 2.3 EPS (₹)
+52.5% +0.0%
12.12 12.12 7.95
Quality of profit
Pre-tax profit ₹5.2 Cr: core business −₹1.4 Cr, other income ₹6.5 Cr.
Core profit YoY: loss narrowed
· reported profit +55.5%
Cash & debt
FY25 cash from operations −₹61.0 Cr:
-563% of FY25 net profit of ₹10.8 Cr.
Borrowings ₹19.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.4 ₹0.2
-43.7% below Net profit ₹4.6 ₹3.6
-22.3% below
531968
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago 60% 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
— —
0.0 0.0 0.0 Operating profit
from loss from loss 0.3 -0.1 -0.2 Other income
-24.6% -2.3%
0.4 0.4 0.6 Net profit
from loss +166.7%
0.6 0.2 -1.2 EPS (₹)
from loss +166.7%
1.28 0.48 -2.42
Quality of profit
Pre-tax profit ₹0.7 Cr: core business ₹0.3 Cr, other income ₹0.4 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹1.6 Cr:
-5% of FY25 net profit of ₹31.5 Cr.
Borrowings ₹35.0 Cr at Mar 2025.
531979
· Q3 FY26 · Consolidated
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
+840.0% -10.3%
2.4 2.6 0.2 Operating profit
loss widened loss widened -0.8 -0.8 -0.4 OPM %
— -712 bps
-35.7% -28.6% — Other income
+191.9% -13.8%
1.8 2.1 0.6 Net profit?
loss narrowed to loss -0.0 0.8 -0.8 PAT margin %
— -3143 bps
-1.3% 30.2% — EPS (₹)
loss narrowed to loss -0.05 1.25 -1.27
Quality of profit
Pre-tax profit ₹0.8 Cr: core business −₹1.0 Cr, other income ₹1.8 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹3.2 Cr:
-43% of FY25 net profit of ₹7.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.5 ₹2.4
+370.0% above
532005
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -77% below its own trend Operating margin expanded 1510 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+70.2% -16.3%
3.5 4.2 2.1 Operating profit
+284.0% -66.4%
1.0 2.9 0.2 OPM %
+1510 bps -4049 bps
27.1% 67.6% 12.0% Other income
-10.5% -39.8%
0.7 1.1 0.8 Net profit
-70.2% -80.9%
0.4 2.2 1.4 PAT margin %
-5592 bps -4015 bps
11.9% 52.0% 67.8% EPS (₹)
-70.1% -80.8%
0.38 1.98 1.27
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.2 Cr, other income ₹0.7 Cr.
Core profit YoY: loss narrowed
· reported profit -70.2%
Cash & debt
FY25 cash from operations ₹5.7 Cr:
182% of FY25 net profit of ₹3.1 Cr.
Borrowings ₹33.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.6 ₹3.5
+37.9% above Net profit ₹1.8 ₹0.4
-76.7% below
532042
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -59% below its own trend Operating margin contracted 100 bps YoY All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+10.3% +8.1%
28.0 25.9 25.3 Operating profit
-25.6% -10.8%
0.6 0.7 0.8 OPM %
-100 bps -44 bps
2.1% 2.5% 3.1% Other income
-3.7% -3.7%
0.8 0.8 0.8 Net profit
-35.2% -16.4%
0.5 0.6 0.7 PAT margin %
-116 bps -48 bps
1.6% 2.1% 2.8% EPS (₹)
-35.2% -16.4%
0.92 1.10 1.42
Quality of profit
Pre-tax profit ₹0.6 Cr: core business −₹0.2 Cr, other income ₹0.8 Cr.
Core profit YoY: to loss
· reported profit -35.2%
Cash & debt
FY25 cash from operations ₹0.0 Cr:
0% of FY25 net profit of ₹2.9 Cr.
Borrowings ₹57.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹31.2 ₹28.0
-10.3% below Net profit ₹1.1 ₹0.5
-59.4% below
532056
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 6274 bps YoY 50% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -47%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+385.2% +42.4%
1.3 0.9 0.3 Operating profit
-47.4% from loss 0.1 -0.1 0.2 OPM %
-6274 bps +1850 bps
7.6% -10.9% 70.4% Other income
— —
0.1 0.0 0.0 Net profit
+0.0% from loss 0.1 -0.1 0.1 PAT margin %
-4116 bps +1938 bps
10.7% -8.7% 51.9% EPS (₹)
-28.6% from loss 0.15 -0.09 0.21
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: -47.4%
· reported profit +0.0%
Cash & debt
FY25 cash from operations ₹1.6 Cr:
987% of FY25 net profit of ₹0.2 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.5 ₹1.3
+144.5% above
532090
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +250% above its own trend Operating margin expanded 1524 bps YoY All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 25% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+31.1% +18.2%
1.6 1.3 1.2 Operating profit
loss narrowed loss narrowed -0.1 -0.1 -0.2 OPM %
+1524 bps +484 bps
-5.8% -10.6% -21.0% Other income
-32.1% +0.0%
0.2 0.2 0.3 Net profit
+250.0% +133.3%
0.1 0.0 0.0 PAT margin %
+281 bps +221 bps
4.5% 2.3% 1.7% EPS (₹)
— —
0.01 0.00 0.00
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
· reported profit +250.0%
Cash & debt
FY25 cash from operations ₹0.0 Cr:
25% of FY25 net profit of ₹0.1 Cr.
Borrowings ₹0.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.5 ₹1.6
+3.0% in line Net profit ₹0.0 ₹0.1
+250.0% above
532131
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +99% above its own trend All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed —
-0.1 -0.1 -0.4 Other income
+25.0% -6.3%
1.1 1.1 0.8 Net profit
+122.7% -6.7%
1.0 1.1 0.4
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹0.1 Cr, other income ₹1.1 Cr.
Core profit YoY: loss narrowed
· reported profit +122.7%
Cash & debt
FY25 cash from operations −₹4.1 Cr:
-111% of FY25 net profit of ₹3.7 Cr.
Borrowings ₹114 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.5 ₹1.0
+99.2% above
532140
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -25% below its own trend Operating margin contracted 237 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
+23.2% -11.2%
46.0 51.8 37.3 Operating profit
+1.8% +15.9%
5.2 4.5 5.1 OPM %
-237 bps +263 bps
11.2% 8.6% 13.6% Other income
+75.6% -9.9%
1.4 1.5 0.8 Net profit?
+22.8% -59.2%
1.2 3.0 1.0 PAT margin %
-1 bps -317 bps
2.7% 5.9% 2.7% EPS (₹)
+20.0% -60.0%
0.06 0.15 0.05
Quality of profit
Pre-tax profit ₹1.2 Cr: core business −₹0.1 Cr, other income ₹1.4 Cr.
Core profit YoY: to loss
· reported profit +22.8%
Cash & debt
FY25 cash from operations ₹32.0 Cr:
602% of FY25 net profit of ₹5.3 Cr.
Borrowings ₹115 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹30.9 ₹46.0
+48.7% above Net profit ₹1.7 ₹1.2
-25.1% below
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
