Home › Quarterly results › Q3 FY26
Q3 FY26 quarterly results (October-December 2025)
4,316 companies have declared Q3 FY26 results so far, the latest on 15 Sep 2026.
Across the 3,727 non-financial companies with a year-ago quarter to compare, sales grew +15.1% and net profit +14.8% year on year, and the combined operating margin narrowed 25 bps to 14.1%.
For the 146 banks and lenders, net interest income grew +8.0% and net profit +10.5%.
56% of companies grew net profit; 416 turned a loss into a profit; 37% beat their own profit trend and 48% fell short of it.
4316 declared
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The next results season has started: 45 companies have filed results for the quarter ended 30 Sep 2026.
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Sales growth
+15.1%
YoY, 3727 companies combined; median +8.3%
Net profit growth
+14.8%
YoY combined; median +8.9%
Operating margin
14.1%
-25 bps YoY
Grew profit
56%
416 turnarounds, 346 into loss
Vs own profit trend
37% / 48%
above / below, 15% in line
Banks: NII growth
+8.0%
146 lenders; profit +10.5%
Price since results
-9.5%
median; 0% of 1 stocks up
Other-income heavy
1051
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
1051 matching results 1051
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532230
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 2833 bps YoY 75% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 26% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+33.3% +0.0%
20.0 20.0 15.0 Operating profit
from loss -40.0%
3.0 5.0 -2.0 OPM %
+2833 bps -1000 bps
15.0% 25.0% -13.3% Other income
-93.1% +200.0%
6.0 2.0 87.0 Net profit
-94.2% +0.0%
5.0 5.0 86.0 PAT margin %
— +0 bps
25.0% 25.0% — EPS (₹)
-94.4% -3.6%
5.34 5.54 95.54
Quality of profit
Pre-tax profit ₹8.0 Cr: core business ₹2.0 Cr, other income ₹6.0 Cr.
Core profit YoY: from loss
· reported profit -94.2%
Cash & debt
FY25 cash from operations ₹21.7 Cr:
26% of FY25 net profit of ₹84.0 Cr.
Borrowings ₹5.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹12.4 ₹20.0
+61.5% above
532344
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +140% above its own trend Operating margin contracted 441 bps YoY 67% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +0%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+5.3% +0.3%
3.4 3.4 3.2 Operating profit
-2.6% -14.7%
1.9 2.2 1.9 OPM %
-441 bps -960 bps
54.4% 64.0% 58.8% Other income
+243.2% +223.3%
2.8 0.9 0.8 Net profit
+112.9% +94.6%
3.6 1.9 1.7 EPS (₹)
+113.0% +94.4%
2.45 1.26 1.15
Quality of profit
Pre-tax profit ₹4.1 Cr: core business ₹1.4 Cr, other income ₹2.8 Cr.
Core profit YoY: +0.0%
· reported profit +112.9%
Cash & debt
FY25 cash from operations −₹3.5 Cr:
-40% of FY25 net profit of ₹8.6 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3.2 ₹3.4
+5.1% above Net profit ₹1.5 ₹3.6
+140.5% above
532355
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-100.0% -100.0%
0.0 0.0 0.0 Operating profit
loss widened loss narrowed -0.4 -0.6 -0.4 Other income
+43.1% +4.9%
5.2 4.9 3.6 Net profit?
— +600.0%
0.4 0.1 0.0 EPS (₹)
from loss +700.0%
0.08 0.01 -0.01
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹4.7 Cr, other income ₹5.2 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹47.2 Cr:
2293% of FY25 net profit of ₹2.1 Cr.
Borrowings ₹215 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹0.0
-100.0% below
532362
· 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
+42.7% +34.1%
20.6 15.4 14.5 Operating profit
+10.0% from loss 0.1 -0.1 0.1 OPM %
-16 bps +138 bps
0.5% -0.8% 0.7% Other income
from loss +252.0%
0.9 0.2 -1.4 Net profit?
from loss from loss 0.5 -1.0 -2.6 PAT margin %
+2035 bps +867 bps
2.2% -6.4% -18.1% EPS (₹)
from loss from loss 0.35 -0.76 -2.00
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.4 Cr, other income ₹0.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹9.1 Cr:
-332% of FY25 net profit of ₹2.7 Cr.
Borrowings ₹17.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹18.4 ₹20.6
+12.3% above
532373
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -94% below its own trend Operating margin contracted 253 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
+4.4% -5.1%
16.6 17.5 15.9 Operating profit
-7.2% -7.2%
3.4 3.6 3.6 OPM %
-253 bps -44 bps
20.3% 20.7% 22.8% Other income
+6.5% -10.8%
0.3 0.4 0.3 Net profit
-96.4% -90.0%
0.0 0.3 0.8 PAT margin %
-504 bps -153 bps
0.2% 1.7% 5.2% EPS (₹)
-95.7% -87.5%
0.01 0.08 0.23
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.3 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
· reported profit -96.4%
Cash & debt
FY25 cash from operations ₹6.4 Cr:
160% of FY25 net profit of ₹4.0 Cr.
Borrowings ₹15.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹16.7 ₹16.6
-0.4% in line Net profit ₹0.5 ₹0.0
-94.4% below
532379
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -69% below its own trend 33% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +100%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+51.0% +13.2%
0.8 0.7 0.5 Operating profit
+55.6% +133.3%
0.1 0.1 0.1 OPM %
+53 bps +936 bps
18.2% 8.8% 17.6% Other income
-70.0% +50.0%
0.1 0.0 0.2 Net profit
-38.5% +166.7%
0.2 0.1 0.3 PAT margin %
-3020 bps +1196 bps
20.8% 8.8% 51.0% EPS (₹)
-40.0% +150.0%
0.15 0.06 0.25
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: +100.0%
· reported profit -38.5%
Cash & debt
FY25 cash from operations −₹0.1 Cr.
Borrowings ₹0.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.6 ₹0.8
+23.2% above Net profit ₹0.5 ₹0.2
-69.2% below
532380
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -64% below its own trend Operating margin contracted 1143 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
+148.6% -24.6%
2.7 3.5 1.1 Operating profit
to loss to loss -0.1 0.3 0.1 OPM %
-1143 bps -1424 bps
-4.9% 9.3% 6.5% Other income
-34.4% +40.0%
0.2 0.1 0.3 Net profit
-82.1% -85.7%
0.1 0.3 0.3 PAT margin %
-2429 bps -804 bps
1.9% 9.9% 26.2% EPS (₹)
-80.0% -85.7%
0.01 0.07 0.05
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: to loss
· reported profit -82.1%
Cash & debt
FY25 cash from operations −₹6.4 Cr:
-445% of FY25 net profit of ₹1.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2.1 ₹2.7
+24.3% above Net profit ₹0.1 ₹0.1
-64.3% below
532384
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -43% below its own trend Operating margin contracted 1691 bps YoY 75% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -86%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-40.4% -25.3%
10.6 14.2 17.8 Operating profit
-77.4% from loss 1.1 -0.1 4.8 OPM %
-1691 bps +1122 bps
10.3% -0.9% 27.2% Other income
-9.3% -30.2%
1.9 2.6 2.0 Net profit
-61.6% +19.7%
1.8 1.5 4.7 PAT margin %
-950 bps +647 bps
17.2% 10.7% 26.7% EPS (₹)
-61.5% +20.3%
1.78 1.48 4.62
Quality of profit
Pre-tax profit ₹2.5 Cr: core business ₹0.6 Cr, other income ₹1.9 Cr.
Core profit YoY: -85.9%
· reported profit -61.6%
Cash & debt
FY25 cash from operations ₹8.5 Cr:
69% of FY25 net profit of ₹12.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹14.4 ₹10.6
-26.3% below Net profit ₹3.2 ₹1.8
-42.6% below
532410
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 122 bps YoY 54% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 10% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-27.6% -15.2%
211 249 292 Operating profit
from loss +3.4%
1.8 1.8 -1.1 OPM %
+122 bps +15 bps
0.9% 0.7% -0.4% Other income
+17.8% +0.8%
1.3 1.2 1.1 Net profit?
from loss +2.3%
1.8 1.7 -1.6 PAT margin %
+136 bps +14 bps
0.8% 0.7% -0.5% EPS (₹)
from loss +1.9%
0.55 0.54 -0.49
Quality of profit
Pre-tax profit ₹2.3 Cr: core business ₹1.1 Cr, other income ₹1.3 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹1.0 Cr:
10% of FY25 net profit of ₹10.2 Cr.
Borrowings ₹20.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹162 ₹211
+30.4% above
532455
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +26% above its own trend Operating margin expanded 149 bps YoY 52% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+13.4% -2.6%
35.0 36.0 30.9 Operating profit
+21.8% -4.0%
7.6 7.9 6.2 OPM %
+149 bps -32 bps
21.7% 22.0% 20.2% Other income
-23.2% +0.0%
0.5 0.5 0.7 Net profit
+152.5% -31.8%
1.0 1.5 0.4 PAT margin %
+159 bps -123 bps
2.9% 4.1% 1.3% EPS (₹)
+166.7% -31.4%
0.24 0.35 0.09
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.5 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
· reported profit +152.5%
Cash & debt
FY25 cash from operations ₹47.0 Cr:
2009% of FY25 net profit of ₹2.3 Cr.
Borrowings ₹89.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹32.7 ₹35.0
+7.3% above Net profit ₹0.8 ₹1.0
+26.2% above
532467
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +300% above its own trend Operating margin expanded 1480 bps YoY 33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +33%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-15.8% +36.3%
139 102 165 Operating profit
+190.0% from loss 29.0 -4.0 10.0 OPM %
+1480 bps +2478 bps
20.9% -3.9% 6.1% Other income
-50.0% —
1.0 0.0 2.0 Net profit?
+100.0% from loss 6.0 -10.0 3.0 PAT margin %
+250 bps +1412 bps
4.3% -9.8% 1.8% EPS (₹)
+84.6% from loss 0.24 -0.43 0.13
Quality of profit
Pre-tax profit ₹6.0 Cr: core business ₹4.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +33.3%
· reported profit +100.0%
Cash & debt
FY25 cash from operations −₹145 Cr:
-362% of FY25 net profit of ₹40.0 Cr.
Borrowings ₹195 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹223 ₹139
-37.7% below Net profit ₹1.5 ₹6.0
+300.0% above
532485
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
30% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+4.1% +3.3%
659 638 633 Operating profit
+2.3% +25.7%
88.0 70.0 86.0 OPM %
-23 bps +238 bps
13.4% 11.0% 13.6% Other income
+13.6% -7.4%
25.0 27.0 22.0 Net profit?
+4.7% +17.5%
67.0 57.0 64.0 PAT margin %
+6 bps +123 bps
10.2% 8.9% 10.1% EPS (₹)
+2.7% +16.3%
1.93 1.66 1.88
Quality of profit
Pre-tax profit ₹86.0 Cr: core business ₹60.0 Cr, other income ₹25.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -3.2%
· reported profit +4.7%
Cash & debt
FY25 cash from operations ₹164 Cr:
61% of FY25 net profit of ₹267 Cr.
Borrowings ₹106 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹671 ₹659
-1.8% in line Net profit ₹62.1 ₹67.0
+7.9% in line
532701
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Into loss: a profit a year ago Profit -263% 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
-29.4% -45.5%
0.1 0.2 0.2 Operating profit
loss narrowed loss widened -0.5 -0.4 -0.5 Other income
-15.3% -21.8%
0.6 0.8 0.7 Net profit
to loss to loss -0.4 0.4 0.2 EPS (₹)
to loss to loss -0.21 0.19 0.11
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.5 Cr, other income ₹0.6 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹22.0 Cr:
-43% of FY25 net profit of ₹51.4 Cr.
Borrowings ₹9.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.1
+37.5% above Net profit ₹0.3 −₹0.4
-262.6% below
532918
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -19% below its own trend 48% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -58%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-18.0% -27.9%
90.6 126 111 Operating profit
-32.9% -35.8%
2.3 3.6 3.5 OPM %
-57 bps -32 bps
2.6% 2.9% 3.1% Other income
— -35.8%
0.3 0.5 0.0 Net profit
-21.3% -27.8%
0.7 1.0 0.9 PAT margin %
-3 bps +0 bps
0.8% 0.8% 0.8% EPS (₹)
-20.4% -27.1%
0.43 0.59 0.54
Quality of profit
Pre-tax profit ₹0.7 Cr: core business ₹0.4 Cr, other income ₹0.3 Cr.
Core profit YoY: -58.0%
· reported profit -21.3%
Cash & debt
FY25 cash from operations −₹3.0 Cr:
-85% of FY25 net profit of ₹3.5 Cr.
Borrowings ₹82.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹105 ₹90.6
-14.0% below Net profit ₹0.9 ₹0.7
-19.0% below
532933
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 445 bps YoY 95% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+14.3% +9.6%
37.9 34.5 33.1 Operating profit
+457.9% -33.5%
2.1 3.2 0.4 OPM %
+445 bps -363 bps
5.6% 9.2% 1.1% Other income
— —
7.9 0.1 0.0 Net profit
from loss +395.8%
8.3 1.7 -1.4 PAT margin %
+2625 bps +1713 bps
22.0% 4.9% -4.3% EPS (₹)
from loss +397.3%
5.52 1.11 -0.93
Quality of profit
Pre-tax profit ₹8.3 Cr: core business ₹0.4 Cr, other income ₹7.9 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹0.0 Cr:
0% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹33.1 ₹37.9
+14.4% above
532975
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +75% above its own trend Operating margin contracted 139 bps YoY 49% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +108%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+138.8% +88.4%
9.7 5.2 4.1 Operating profit
+77.3% +39.3%
0.4 0.3 0.2 OPM %
-139 bps -141 bps
4.0% 5.4% 5.4% Other income
+500.0% +380.0%
0.2 0.1 0.0 Net profit
-12.5% -17.6%
0.1 0.2 0.2 PAT margin %
-249 bps -185 bps
1.4% 3.3% 3.9% EPS (₹)
-60.0% -60.0%
0.02 0.05 0.05
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.2 Cr, other income ₹0.2 Cr.
Core profit YoY: +108.3%
· reported profit -12.5%
Cash & debt
FY25 cash from operations −₹10.8 Cr:
-635% of FY25 net profit of ₹1.7 Cr.
Borrowings ₹2.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.4 ₹9.7
+120.7% above Net profit ₹0.1 ₹0.1
+75.0% above
532992
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
51% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +146%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+4.6% +29.3%
40.9 31.6 39.1 Operating profit
+5.7% from loss 12.2 -8.4 11.6 OPM %
+30 bps +5663 bps
29.9% -26.7% 29.6% Other income
+10.4% -8.2%
3.5 3.8 3.2 Net profit?
+223.1% from loss 3.9 -12.0 1.2 PAT margin %
+646 bps +4760 bps
9.6% -38.0% 3.1% EPS (₹)
+222.7% from loss 0.71 -2.20 0.22
Quality of profit
Pre-tax profit ₹6.8 Cr: core business ₹3.3 Cr, other income ₹3.5 Cr.
Core profit YoY: +145.9%
· reported profit +223.1%
Cash & debt
FY25 cash from operations ₹53.0 Cr.
Borrowings ₹242 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹42.4 ₹40.9
-3.5% in line
533014
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
39% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +112%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+25.9% +16.5%
264 227 210 Operating profit
+34.7% +2.3%
9.3 9.1 6.9 OPM %
+23 bps -49 bps
3.5% 4.0% 3.3% Other income
-23.6% +53.7%
2.7 1.8 3.5 Net profit?
+17.4% +19.1%
4.9 4.1 4.2 PAT margin %
-14 bps +4 bps
1.9% 1.8% 2.0% EPS (₹)
+17.9% +19.0%
1.25 1.05 1.06
Quality of profit
Pre-tax profit ₹6.9 Cr: core business ₹4.2 Cr, other income ₹2.7 Cr.
Core profit YoY: +112.1%
· reported profit +17.4%
Cash & debt
FY25 cash from operations ₹33.0 Cr:
193% of FY25 net profit of ₹17.1 Cr.
Borrowings ₹148 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹216 ₹264
+22.3% above Net profit ₹4.8 ₹4.9
+2.9% in line
533108
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 10000 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
+200.0% +80.0%
9.0 5.0 3.0 Operating profit
loss narrowed loss narrowed 0.0 -5.0 -3.0 OPM %
+10000 bps +10000 bps
0.0% -100.0% -100.0% Other income
+200.0% +200.0%
3.0 1.0 1.0 Net profit?
from loss from loss 3.0 -4.0 -3.0 PAT margin %
+13333 bps +11333 bps
33.3% -80.0% -100.0% EPS (₹)
from loss from loss 0.52 -0.73 -0.46
Quality of profit
Pre-tax profit ₹3.0 Cr: core business ₹0.0 Cr, other income ₹3.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹0.0 Cr:
0% of FY25 net profit of ₹7.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.0 ₹9.0
+125.0% above
533202
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 1667 bps YoY All of pre-tax profit came from other income or one-off items FY25 operating cash flow was only 22% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-25.0% -66.7%
3.0 9.0 4.0 Operating profit
— to loss -2.0 5.0 -2.0 OPM %
-1667 bps -12222 bps
-66.7% 55.6% -50.0% Other income
— —
1,125 46.0 0.0 Net profit?
from loss —
1,128 52.0 -2.0 EPS (₹)
from loss —
77.37 3.54 -0.13
Quality of profit
Pre-tax profit ₹1,123 Cr: core business −₹2.0 Cr, other income ₹1,125 Cr.
Cash & debt
FY25 cash from operations ₹4.0 Cr:
22% of FY25 net profit of ₹18.0 Cr.
Borrowings ₹134 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.3 ₹3.0
-30.8% below
533212
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 657 bps YoY 84% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+120.1% +88.2%
56.8 30.2 25.8 Operating profit
from loss -45.0%
1.7 3.0 -0.9 OPM %
+657 bps -709 bps
2.9% 10.0% -3.6% Other income
+18.7% +54.1%
0.6 0.4 0.5 Net profit?
from loss -62.0%
0.7 1.8 -1.9 PAT margin %
+864 bps -487 bps
1.2% 6.1% -7.4% EPS (₹)
from loss -72.6%
0.87 3.17 -4.03
Quality of profit
Pre-tax profit ₹0.7 Cr: core business ₹0.1 Cr, other income ₹0.6 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹3.0 Cr.
Borrowings ₹14.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹30.9 ₹56.8
+83.7% above
533285
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -25% below its own trend Operating margin contracted 716 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
-18.4% +6.6%
19.7 18.5 24.2 Operating profit
to loss to loss -0.3 0.8 1.3 OPM %
-716 bps -573 bps
-1.6% 4.1% 5.5% Other income
-8.5% -10.9%
3.7 4.1 4.0 Net profit
+40.5% -20.3%
2.4 3.0 1.7 PAT margin %
+516 bps -417 bps
12.3% 16.5% 7.2% EPS (₹)
— -20.0%
0.12 0.15 0.10
No EPS growth against Dec 2024: ₹10 to ₹1 split in Feb 2025.
Quality of profit
Pre-tax profit ₹3.2 Cr: core business −₹0.4 Cr, other income ₹3.7 Cr.
Core profit YoY: loss narrowed
· reported profit +40.5%
Cash & debt
FY25 cash from operations −₹82.0 Cr:
-1480% of FY25 net profit of ₹5.5 Cr.
Borrowings ₹77.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹33.5 ₹19.7
-41.1% below Net profit ₹3.3 ₹2.4
-25.3% below
533289
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 638 bps YoY 64% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-3.6% -4.2%
8.2 8.6 8.5 Operating profit
-16.8% -2.1%
3.3 3.4 4.0 OPM %
-638 bps +88 bps
40.3% 39.5% 46.7% Other income
from loss from loss 1.1 -36.1 -0.6 Net profit
from loss from loss 1.4 -35.6 -0.0 PAT margin %
+1688 bps —
16.5% — -0.4% EPS (₹)
from loss from loss 1.24 -32.63 -0.03
Quality of profit
Pre-tax profit ₹1.8 Cr: core business ₹0.6 Cr, other income ₹1.1 Cr.
Core profit YoY: -40.4%
Cash & debt
FY25 cash from operations ₹12.0 Cr:
443% of FY25 net profit of ₹2.7 Cr.
Borrowings ₹86.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.2 ₹8.2
-11.0% below
533427
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +13% above its own trend All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-25.8% -41.5%
24.9 42.6 33.6 Operating profit
loss narrowed loss narrowed -0.1 -0.1 -0.2 OPM %
+23 bps -13 bps
-0.4% -0.2% -0.6% Other income
+181.1% +65.1%
2.1 1.3 0.7 Net profit
-23.5% -44.7%
0.3 0.5 0.3 PAT margin %
+3 bps -6 bps
1.0% 1.1% 1.0% EPS (₹)
-21.4% -42.1%
0.11 0.19 0.14
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹1.7 Cr, other income ₹2.1 Cr.
Core profit YoY: loss widened
· reported profit -23.5%
Cash & debt
FY25 cash from operations −₹46.0 Cr:
-675% of FY25 net profit of ₹6.8 Cr.
Borrowings ₹15.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹16.8 ₹24.9
+48.5% above Net profit ₹0.2 ₹0.3
+12.6% above
533602
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +180% above its own trend Operating margin expanded 1814 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
+146.7% —
1.1 0.1 0.5 Operating profit
loss narrowed —
-0.1 0.0 -0.1 OPM %
+1814 bps -631 bps
-6.3% 0.0% -24.4% Other income
-16.7% +66.7%
0.1 0.1 0.2 Net profit
+40.0% -22.2%
0.1 0.1 0.1 PAT margin %
-480 bps -8369 bps
6.3% 90.0% 11.1% EPS (₹)
— —
0.00 0.00 0.00
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit +40.0%
Cash & debt
FY25 cash from operations −₹38.6 Cr:
-7728% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹0.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹1.1
+393.3% above Net profit ₹0.0 ₹0.1
+180.0% above
533608
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +17% above its own trend Operating margin expanded 749 bps YoY 58% 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
-5.7% -24.6%
25.7 34.1 27.3 Operating profit
+53.5% -38.7%
5.0 8.1 3.2 OPM %
+749 bps -447 bps
19.4% 23.9% 11.9% Other income
+24.7% -9.1%
6.4 7.0 5.1 Net profit
+43.6% -25.8%
8.2 11.1 5.7 PAT margin %
+1100 bps -51 bps
32.0% 32.6% 21.0% EPS (₹)
+43.5% -25.8%
4.65 6.27 3.24
Quality of profit
Pre-tax profit ₹11.0 Cr: core business ₹4.7 Cr, other income ₹6.4 Cr.
Core profit YoY: +60.3%
· reported profit +43.6%
Cash & debt
FY25 cash from operations −₹12.0 Cr:
-45% of FY25 net profit of ₹26.5 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹29.9 ₹25.7
-14.1% below Net profit ₹7.1 ₹8.2
+16.7% above
534338
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 2353 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
-17.6% -96.6%
0.1 4.1 0.2 Operating profit
-100.0% -100.0%
0.0 1.5 0.0 OPM %
-2353 bps -3632 bps
0.0% 36.3% 23.5% Other income
+466.7% —
0.2 0.0 0.0 Net profit
from loss -93.6%
0.1 1.4 -0.0 PAT margin %
+7605 bps +3015 bps
64.3% 34.1% -11.8% EPS (₹)
from loss -93.3%
0.06 0.90 -0.01
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations −₹6.9 Cr.
Borrowings ₹7.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.1
+5.4% above
534732
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 1206 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
+45.3% +13.7%
26.1 22.9 17.9 Operating profit
from loss -21.5%
1.0 1.3 -1.5 OPM %
+1206 bps -176 bps
3.9% 5.7% -8.1% Other income
+0.0% from loss 0.1 -0.1 0.1 Net profit?
loss narrowed to loss -0.1 0.0 -1.9 PAT margin %
+1012 bps -35 bps
-0.3% 0.0% -10.4% EPS (₹)
loss narrowed to loss -0.06 0.01 -1.47
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹1.0 Cr:
-38% of FY25 net profit of ₹2.6 Cr.
Borrowings ₹43.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹15.9 ₹26.1
+64.2% above
534741
· 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
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.3 -0.6 Other income
-25.0% -16.7%
0.1 0.2 0.2 Net profit?
from loss from loss 0.1 -0.2 -0.4 EPS (₹)
loss narrowed —
0.00 0.00 -0.01
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹5.2 Cr.
Borrowings ₹2.2 Cr at Mar 2025.
535204
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— —
0.0 0.0 0.0 Operating profit
— loss widened -0.1 -0.1 -0.1 Other income
from loss +112.5%
0.2 0.1 -0.3 Net profit
from loss +700.0%
0.1 0.0 -0.4 EPS (₹)
from loss —
0.04 0.00 -0.19
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Cash & debt
FY25 cash from operations ₹0.8 Cr.
Borrowings nil at Mar 2025.
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, 01:17 IST
