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
Latest results
Results calendar
Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26
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
Latest Q3 FY26 results 4316
Page 34 of 144
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
M Cap ₹2,892 Cr
P/E 62.6
PEG 1.10
Operating margin contracted 105 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+13.1% -12.4%
466 532 412 Operating profit
+7.2% +29.0%
89.0 69.0 83.0 OPM %
-105 bps +613 bps
19.1% 13.0% 20.1% Other income
-50.0% -98.3%
1.0 59.0 2.0 Net profit
-36.7% -62.7%
19.0 51.0 30.0 PAT margin %
-320 bps -551 bps
4.1% 9.6% 7.3% EPS (₹)
-37.7% -63.2%
2.54 6.90 4.08
Quality of profit
Pre-tax profit ₹26.0 Cr: core business ₹24.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -38.5%
· reported profit -36.7%
Cash & debt
FY25 cash from operations ₹53.0 Cr:
363% of FY25 net profit of ₹14.6 Cr.
Borrowings ₹996 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹601 ₹466
-22.5% below
M Cap ₹2,890 Cr
P/E 11.8
PEG 11.80
Profit +999% above its own trend Gross NPA up 137 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Total income
-11.1% +5.0%
606 577 682 Net interest income
-14.2% +4.4%
381 365 444 Other income
+200.0% +200.0%
3.0 1.0 1.0 Net profit
— +100.0%
62.0 31.0 4.0 EPS (₹)
— +104.5%
3.66 1.79 0.22 Gross NPA %
+137 bps -21 bps
4.4% 4.6% 3.0% Net NPA %
+100 bps -7 bps
1.3% 1.4% 0.3%
Against its own trend ?
Trend Actual Gap
NII ₹371 ₹381
+2.6% in line Net profit ₹2.0 ₹62.0
+999.0% above
M Cap ₹2,885 Cr
P/E 21.7
PEG 0.50
Profit +62% above its own trend Operating margin expanded 249 bps YoY Exceptional items of ₹-9.5 Cr in the quarter Core business grew faster than reported profit (core profit +152%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+27.0% -2.8%
570 586 449 Operating profit
+70.7% +5.3%
55.2 52.4 32.3 OPM %
+249 bps +75 bps
9.7% 8.9% 7.2% Other income
+74.7% +5.1%
7.2 6.8 4.1 Net profit?
+91.3% -11.5%
28.1 31.7 14.7 PAT margin %
+166 bps -48 bps
4.9% 5.4% 3.3% EPS (₹)
+91.5% -11.5%
4.94 5.58 2.58
Quality of profit
Pre-tax profit ₹36.9 Cr: core business ₹39.2 Cr, other income ₹7.2 Cr, exceptional & other items −₹9.5 Cr.
Core profit YoY: +151.8%
· reported profit +91.3%
Cash & debt
FY25 cash from operations ₹76.0 Cr:
86% of FY25 net profit of ₹88.4 Cr.
Borrowings ₹191 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹487 ₹570
+17.0% above Net profit ₹17.3 ₹28.1
+62.2% above
M Cap ₹2,884 Cr
P/E 22.2
PEG —
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+13.3% -12.1%
451 513 398 Operating profit
+8.8% -42.2%
37.0 64.0 34.0 OPM %
-34 bps -427 bps
8.2% 12.5% 8.5% Other income
— —
-2.0 0.0 0.0 Net profit?
+4.8% -47.6%
22.0 42.0 21.0 PAT margin %
-40 bps -331 bps
4.9% 8.2% 5.3% EPS (₹)
+0.4% -49.4%
14.21 28.06 14.16
Quality of profit
Pre-tax profit ₹29.0 Cr: core business ₹30.0 Cr, other income −₹2.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +11.1%
· reported profit +4.8%
M Cap ₹2,876 Cr
P/E 726.1
PEG 242.05
Into loss: a profit a year ago
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
— +3.3%
2,756 2,668 70.4 Operating profit
— +6.9%
327 306 8.7 OPM %
-43 bps +40 bps
11.9% 11.5% 12.3% Other income
to loss to loss -95.0 8.4 8.8 Net profit?
to loss loss widened -136 -41.1 7.5 PAT margin %
-1553 bps -339 bps
-4.9% -1.5% 10.6% EPS (₹)
to loss loss widened -33.71 -15.72 2.25
Quality of profit
Pre-tax profit −₹105 Cr: core business −₹10.0 Cr, other income −₹95.0 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations ₹1,098 Cr:
505% of FY25 net profit of ₹218 Cr.
Borrowings ₹6,152 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹84.9 ₹2,756
+999.0% above
M Cap ₹2,874 Cr
P/E 104.4
PEG —
Profit +27% above its own trend Operating margin expanded 308 bps YoY Core business grew faster than reported profit (core profit +83%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+10.9% -18.6%
114 140 103 Operating profit
+49.2% -9.2%
13.7 15.1 9.2 OPM %
+308 bps +125 bps
12.0% 10.7% 8.9% Other income
-75.9% +27.3%
0.6 0.5 2.4 Net profit?
+28.5% -16.1%
4.6 5.5 3.6 PAT margin %
+56 bps +12 bps
4.1% 3.9% 3.5% EPS (₹)
+28.6% -14.3%
0.36 0.42 0.28
Quality of profit
Pre-tax profit ₹6.3 Cr: core business ₹5.7 Cr, other income ₹0.6 Cr.
Core profit YoY: +83.2%
· reported profit +28.5%
Cash & debt
FY25 cash from operations −₹53.0 Cr:
-382% of FY25 net profit of ₹13.9 Cr.
Borrowings ₹89.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹126 ₹114
-9.9% below Net profit ₹3.6 ₹4.6
+27.1% above
Operating margin expanded 255 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+5.5% -5.9%
269 286 255 Operating profit
+38.1% +3.6%
29.0 28.0 21.0 OPM %
+255 bps +99 bps
10.8% 9.8% 8.2% Other income
— -100.0%
0.0 0.8 0.0 Net profit
+54.5% +13.3%
17.0 15.0 11.0 PAT margin %
+201 bps +107 bps
6.3% 5.2% 4.3% EPS (₹)
+16.9% -14.4%
2.49 2.91 2.13
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹18.0 Cr, other income ₹0.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +38.5%
· reported profit +54.5%
Cash & debt
FY25 cash from operations ₹95.0 Cr:
202% of FY25 net profit of ₹47.0 Cr.
Borrowings ₹195 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹348 ₹269
-22.7% below Net profit ₹17.0 ₹17.0
+0.2% in line
M Cap ₹2,859 Cr
P/E 70.2
PEG —
Profit -77% below its own trend Operating margin contracted 464 bps YoY Exceptional items of ₹-3.2 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+41.4% -6.9%
327 351 231 Operating profit
-17.7% -44.8%
21.1 38.2 25.6 OPM %
-464 bps -444 bps
6.5% 10.9% 11.1% Other income
+80.7% +80.5%
3.5 1.9 1.9 Net profit?
-55.3% -67.0%
4.6 14.0 10.3 PAT margin %
-304 bps -257 bps
1.4% 4.0% 4.5% EPS (₹)
-72.8% -76.7%
0.41 1.76 1.51
Quality of profit
Pre-tax profit ₹3.7 Cr: core business ₹3.3 Cr, other income ₹3.5 Cr, exceptional & other items −₹3.2 Cr.
Core profit YoY: -64.8%
· reported profit -55.3%
Cash & debt
FY25 cash from operations ₹134 Cr:
217% of FY25 net profit of ₹61.8 Cr.
Borrowings ₹381 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹270 ₹327
+20.9% above Net profit ₹19.7 ₹4.6
-76.6% below
M Cap ₹2,857 Cr
P/E 9.1
PEG —
Profit -23% below its own trend Operating margin contracted 565 bps YoY Core business grew faster than reported profit (core profit +79%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+77.6% +55.4%
261 168 147 Operating profit
+55.9% +47.2%
106 72.0 68.0 OPM %
-565 bps -224 bps
40.6% 42.9% 46.3% Other income
— to loss -3.0 3.0 0.0 Net profit
+54.8% +41.3%
65.0 46.0 42.0 PAT margin %
-367 bps -248 bps
24.9% 27.4% 28.6% EPS (₹)
+57.1% +40.0%
1.54 1.10 0.98
Quality of profit
Pre-tax profit ₹84.0 Cr: core business ₹86.0 Cr, other income −₹3.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +79.2%
· reported profit +54.8%
Cash & debt
FY25 cash from operations ₹167 Cr:
108% of FY25 net profit of ₹155 Cr.
Borrowings ₹153 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹294 ₹261
-11.2% below Net profit ₹84.0 ₹65.0
-22.6% below
M Cap ₹2,850 Cr
P/E 14.3
PEG —
Profit -37% below its own trend Operating margin expanded 1371 bps YoY Exceptional items of ₹-4.5 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+176.0% -4.9%
60.0 63.1 21.7 Operating profit
+772.2% +9.0%
12.0 11.0 1.4 OPM %
+1371 bps +256 bps
20.1% 17.5% 6.3% Other income
+69.7% +10.2%
6.3 5.8 3.7 Net profit?
+25.8% -22.7%
6.8 8.8 5.4 PAT margin %
-1350 bps -260 bps
11.3% 13.9% 24.8% EPS (₹)
-36.1% -26.4%
0.53 0.72 0.83
Quality of profit
Pre-tax profit ₹8.7 Cr: core business ₹6.9 Cr, other income ₹6.3 Cr, exceptional & other items −₹4.5 Cr.
Core profit YoY: from loss
· reported profit +25.8%
Against its own trend ?
Trend Actual Gap
Sales ₹26.2 ₹60.0
+128.9% above Net profit ₹10.8 ₹6.8
-37.1% below
M Cap ₹2,835 Cr
P/E 24.3
PEG 2.03
Profit +186% above its own trend Operating margin expanded 316 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+5.7% +12.1%
574 512 543 Operating profit
+60.6% -8.6%
53.0 58.0 33.0 OPM %
+316 bps -209 bps
9.2% 11.3% 6.1% Other income
-88.9% -88.9%
1.0 9.0 9.0 Net profit
+220.0% -36.0%
16.0 25.0 5.0 PAT margin %
+187 bps -210 bps
2.8% 4.9% 0.9% EPS (₹)
+200.0% -37.3%
0.69 1.10 0.23
Quality of profit
Pre-tax profit ₹22.0 Cr: core business ₹21.0 Cr, other income ₹1.0 Cr.
Core profit YoY: from loss
· reported profit +220.0%
Cash & debt
FY25 cash from operations ₹265 Cr:
250% of FY25 net profit of ₹106 Cr.
Borrowings ₹75.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹580 ₹574
-1.0% in line Net profit ₹5.6 ₹16.0
+185.9% above
Into loss: a profit a year ago Operating margin contracted 2774 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-72.9% -9.4%
372 410 1,371 Operating profit
to loss to loss -77.3 11.0 95.0 OPM %
-2774 bps -2349 bps
-20.8% 2.7% 6.9% Other income
+925.4% +49.3%
74.6 50.0 7.3 Net profit?
to loss loss widened -96.9 -13.0 4.1 PAT margin %
-2638 bps -2291 bps
-26.1% -3.2% 0.3% EPS (₹)
to loss loss widened -22.13 -2.92 0.94
Quality of profit
Pre-tax profit −₹80.4 Cr: core business −₹153 Cr, other income ₹74.6 Cr, exceptional & other items −₹2.4 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations ₹222 Cr:
202% of FY25 net profit of ₹110 Cr.
Borrowings ₹3,444 Cr at Sep 2025, against ₹4,420 Cr at Mar 2025 (-22% ).
Against its own trend ?
Trend Actual Gap
Sales ₹1,507 ₹372
-75.3% below
M Cap ₹2,817 Cr
P/E 15.1
PEG 0.16
Profit +11% above its own trend Core business grew faster than reported profit (core profit +145%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+110.2% +48.1%
637 430 303 Operating profit
+114.3% -1.6%
60.0 61.0 28.0 OPM %
+18 bps -477 bps
9.4% 14.2% 9.2% Other income
+200.0% +0.0%
3.0 3.0 1.0 Net profit
+122.2% -9.1%
40.0 44.0 18.0 PAT margin %
+34 bps -395 bps
6.3% 10.2% 5.9% EPS (₹)
+70.9% -8.4%
5.57 6.08 3.26
Quality of profit
Pre-tax profit ₹57.0 Cr: core business ₹54.0 Cr, other income ₹3.0 Cr.
Core profit YoY: +145.5%
· reported profit +122.2%
Cash & debt
FY25 cash from operations −₹15.0 Cr:
-33% of FY25 net profit of ₹45.0 Cr.
Borrowings ₹243 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹430 ₹637
+48.2% above Net profit ₹36.0 ₹40.0
+11.1% above
M Cap ₹2,793 Cr
P/E 5464.5
PEG —
Into loss: a profit a year ago Profit -224% below its own trend Operating margin contracted 1008 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-8.9% -18.0%
110 135 121 Operating profit
-89.2% -83.4%
1.5 9.0 13.8 OPM %
-1008 bps -531 bps
1.4% 6.7% 11.4% Other income
-50.4% +22.6%
1.4 1.1 2.8 Net profit?
to loss to loss -5.0 0.3 7.0 PAT margin %
-1032 bps -476 bps
-4.5% 0.2% 5.8% EPS (₹)
to loss to loss -1.42 0.09 2.01
Quality of profit
Pre-tax profit −₹8.2 Cr: core business −₹9.6 Cr, other income ₹1.4 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations ₹43.0 Cr:
134% of FY25 net profit of ₹32.2 Cr.
Borrowings ₹128 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹118 ₹110
-6.7% below Net profit ₹4.0 −₹5.0
-224.0% below
M Cap ₹2,785 Cr
P/E 17.3
PEG 2.16
Profit +85% above its own trend Operating margin expanded 250 bps YoY FY25 operating cash flow was only 9% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+18.0% -15.0%
301 354 255 Operating profit
+34.0% -11.3%
63.0 71.0 47.0 OPM %
+250 bps +88 bps
20.9% 20.0% 18.4% Other income
+50.0% -55.8%
3.0 6.8 2.0 Net profit?
+46.2% -19.6%
38.0 47.3 26.0 PAT margin %
+243 bps -73 bps
12.6% 13.4% 10.2% EPS (₹)
+38.8% -24.0%
5.54 7.29 3.99
Quality of profit
Pre-tax profit ₹51.0 Cr: core business ₹48.0 Cr, other income ₹3.0 Cr.
Core profit YoY: +41.2%
· reported profit +46.2%
Cash & debt
FY25 cash from operations ₹14.0 Cr:
9% of FY25 net profit of ₹149 Cr.
Borrowings ₹164 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹330 ₹301
-8.7% below Net profit ₹20.5 ₹38.0
+85.1% above
M Cap ₹2,774 Cr
P/E 14.8
PEG 0.26
Profit -69% below its own trend Operating margin contracted 279 bps YoY Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-21.0% +17.7%
166 141 210 Operating profit
-28.8% +40.0%
42.0 30.0 59.0 OPM %
-279 bps +402 bps
25.3% 21.3% 28.1% Other income
-20.0% +0.0%
4.0 4.0 5.0 Net profit?
-42.0% +61.1%
29.0 18.0 50.0 PAT margin %
-634 bps +470 bps
17.5% 12.8% 23.8% EPS (₹)
-40.2% +102.9%
6.27 3.09 10.48
Quality of profit
Pre-tax profit ₹39.0 Cr: core business ₹35.0 Cr, other income ₹4.0 Cr.
Core profit YoY: -34.0%
· reported profit -42.0%
Cash & debt
FY25 cash from operations −₹84.0 Cr:
-70% of FY25 net profit of ₹119 Cr.
Borrowings ₹285 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹289 ₹166
-42.6% below Net profit ₹92.9 ₹29.0
-68.8% below
M Cap ₹2,770 Cr
P/E 20.0
PEG 4.01
Profit -29% below its own trend Operating margin contracted 542 bps YoY 33% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +22%) FY25 operating cash flow was only 11% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+99.9% +41.8%
1,394 983 697 Operating profit
+6.5% +4.4%
86.1 82.5 80.8 OPM %
-542 bps -221 bps
6.2% 8.4% 11.6% Other income
-59.7% -13.6%
8.8 10.2 21.8 Net profit?
-19.2% +4.3%
21.3 20.4 26.3 PAT margin %
-225 bps -55 bps
1.5% 2.1% 3.8% EPS (₹)
-31.5% +1.6%
0.63 0.62 0.92
Quality of profit
Pre-tax profit ₹27.4 Cr: core business ₹18.3 Cr, other income ₹8.8 Cr.
Core profit YoY: +22.4%
· reported profit -19.2%
Cash & debt
FY25 cash from operations ₹10.0 Cr:
11% of FY25 net profit of ₹91.1 Cr.
Borrowings ₹765 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹958 ₹1,394
+45.5% above Net profit ₹30.1 ₹21.3
-29.3% below
M Cap ₹2,761 Cr
P/E 12.6
PEG —
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
+72.0%
279 162 Operating profit
+4.8%
66.0 63.0 OPM %
-1519 bps
23.7% 38.9% Other income
-14.7%
6.8 8.0 Net profit?
+5.3%
50.5 48.0 PAT margin %
-1150 bps
18.1% 29.6% EPS (₹)
+3.3%
2.85 2.76
Quality of profit
Pre-tax profit ₹67.4 Cr: core business ₹60.5 Cr, other income ₹6.8 Cr.
M Cap ₹2,758 Cr
P/E 10.8
PEG 3.59
Profit +40% above its own trend Operating margin contracted 256 bps YoY Exceptional items of ₹10.9 Cr in the quarter Profit grew faster than the core business (core profit -2%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+19.3% +5.0%
500 476 419 Operating profit
+5.3% +4.1%
96.5 92.7 91.6 OPM %
-256 bps -18 bps
19.3% 19.5% 21.9% Other income
+1.2% +25.2%
10.4 8.3 10.3 Net profit?
+20.4% +58.3%
74.3 47.0 61.7 PAT margin %
+14 bps +501 bps
14.9% 9.9% 14.7% EPS (₹)
+19.4% +58.0%
5.42 3.43 4.54
Quality of profit
Pre-tax profit ₹94.8 Cr: core business ₹73.5 Cr, other income ₹10.4 Cr, exceptional & other items ₹10.9 Cr.
Core profit YoY: -2.3%
· reported profit +20.4%
Cash & debt
FY25 cash from operations ₹247 Cr:
109% of FY25 net profit of ₹228 Cr.
Borrowings ₹103 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹458 ₹500
+9.0% above Net profit ₹53.0 ₹74.3
+40.2% above
M Cap ₹2,750 Cr
P/E 33.7
PEG 0.46
Profit +236% above its own trend Operating margin expanded 1195 bps YoY 26% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +633%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+139.3% +6.0%
127 120 53.1 Operating profit
+352.0% -12.7%
32.3 37.0 7.1 OPM %
+1195 bps -544 bps
25.4% 30.8% 13.4% Other income
+79.8% +133.2%
4.7 2.0 2.6 Net profit?
+572.7% -52.8%
14.6 31.0 2.2 PAT margin %
+742 bps -1432 bps
11.5% 25.8% 4.1% EPS (₹)
+471.4% -48.4%
0.80 1.55 0.14
Quality of profit
Pre-tax profit ₹18.0 Cr: core business ₹13.4 Cr, other income ₹4.7 Cr.
Core profit YoY: +632.9%
· reported profit +572.7%
Cash & debt
FY25 cash from operations ₹71.0 Cr:
318% of FY25 net profit of ₹22.3 Cr.
Borrowings ₹224 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹106 ₹127
+19.6% above Net profit ₹4.4 ₹14.6
+236.4% above
M Cap ₹2,745 Cr
P/E 10.3
PEG —
Profit +67% above its own trend Operating margin expanded 221 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-6.5% -1.1%
1,107 1,119 1,184 Operating profit
+12.3% +7.4%
146 136 130 OPM %
+221 bps +104 bps
13.2% 12.2% 11.0% Other income
+44.4% from loss 13.0 -109 9.0 Net profit?
+21.2% from loss 103 -19.0 85.0 PAT margin %
+213 bps +1100 bps
9.3% -1.7% 7.2% EPS (₹)
+18.5% from loss 15.51 -3.37 13.09
Quality of profit
Pre-tax profit ₹135 Cr: core business ₹122 Cr, other income ₹13.0 Cr.
Core profit YoY: +23.2%
· reported profit +21.2%
Cash & debt
FY25 cash from operations ₹602 Cr:
181% of FY25 net profit of ₹333 Cr.
Borrowings ₹468 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1,279 ₹1,107
-13.5% below Net profit ₹61.8 ₹103
+66.7% above
M Cap ₹2,734 Cr
P/E 41.4
PEG —
Profit +43% above its own trend Exceptional items of ₹-5.4 Cr in the quarter Core business grew faster than reported profit (core profit +26%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-0.7% -1.6%
316 321 318 Operating profit
+11.6% +21.9%
26.8 22.0 24.0 OPM %
+94 bps +164 bps
8.5% 6.9% 7.6% Other income
-31.7% -38.0%
6.2 10.0 9.1 Net profit?
-28.3% -22.9%
9.2 12.0 12.9 PAT margin %
-113 bps -81 bps
2.9% 3.7% 4.1% EPS (₹)
-28.6% -24.7%
0.55 0.73 0.77
Quality of profit
Pre-tax profit ₹13.4 Cr: core business ₹12.6 Cr, other income ₹6.2 Cr, exceptional & other items −₹5.4 Cr.
Core profit YoY: +25.9%
· reported profit -28.3%
Against its own trend ?
Trend Actual Gap
Sales ₹292 ₹316
+8.1% above Net profit ₹6.5 ₹9.2
+43.4% above
M Cap ₹2,725 Cr
P/E 71.7
PEG —
Profit +17% above its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Total income
+23.3% +3.9%
53.0 51.0 43.0 Net interest income
+15.8% -12.0%
22.0 25.0 19.0 Other income
— —
0.0 0.0 0.0 Net profit
+16.7% +16.7%
7.0 6.0 6.0 EPS (₹)
+8.1% +14.3%
0.40 0.35 0.37
Against its own trend ?
Trend Actual Gap
NII ₹25.7 ₹22.0
-14.5% below Net profit ₹6.0 ₹7.0
+16.7% above
M Cap ₹2,723 Cr
P/E 12.7
PEG 0.51
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+10.9% +7.8%
733 680 661 Operating profit
+8.6% +18.8%
76.0 64.0 70.0 OPM %
-22 bps +96 bps
10.4% 9.4% 10.6% Other income
+0.0% -63.6%
4.0 11.0 4.0 Net profit
+2.1% +2.1%
48.0 47.0 47.0 PAT margin %
-56 bps -36 bps
6.5% 6.9% 7.1% EPS (₹)
+3.1% +2.0%
4.64 4.55 4.50
Quality of profit
Pre-tax profit ₹67.0 Cr: core business ₹63.0 Cr, other income ₹4.0 Cr.
Core profit YoY: +6.8%
· reported profit +2.1%
Cash & debt
FY25 cash from operations ₹137 Cr:
74% of FY25 net profit of ₹186 Cr.
Borrowings ₹46.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹801 ₹733
-8.5% below Net profit ₹52.2 ₹48.0
-8.0% in line
M Cap ₹2,702 Cr
P/E 19.4
PEG 1.02
Operating margin expanded 449 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-0.1% +16.3%
363 312 364 Operating profit
+46.4% +14.6%
51.4 44.8 35.1 OPM %
+449 bps -21 bps
14.1% 14.3% 9.7% Other income
+1.7% -34.5%
5.8 8.8 5.7 Net profit
+32.1% +2.2%
37.3 36.5 28.2 PAT margin %
+250 bps -142 bps
10.3% 11.7% 7.8% EPS (₹)
-0.9% +659.3%
16.78 2.21 16.94
Quality of profit
Pre-tax profit ₹50.2 Cr: core business ₹44.4 Cr, other income ₹5.8 Cr.
Core profit YoY: +39.4%
· reported profit +32.1%
Cash & debt
FY25 cash from operations ₹54.0 Cr:
50% of FY25 net profit of ₹108 Cr.
Borrowings ₹20.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹428 ₹363
-15.2% below Net profit ₹38.1 ₹37.3
-2.1% in line
M Cap ₹2,700 Cr
P/E 14.9
PEG 0.24
Operating margin contracted 110 bps YoY FY25 operating cash flow was only 20% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+18.2% +9.6%
91.0 83.0 77.0 Operating profit
+16.4% +0.0%
64.0 64.0 55.0 OPM %
-110 bps -678 bps
70.3% 77.1% 71.4% Other income
— —
1.0 0.0 0.0 Net profit?
+9.8% +0.0%
45.0 45.0 41.0 PAT margin %
-380 bps -477 bps
49.5% 54.2% 53.2% EPS (₹)
+11.0% +1.1%
5.73 5.67 5.16
Quality of profit
Pre-tax profit ₹61.0 Cr: core business ₹60.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +20.0%
· reported profit +9.8%
Cash & debt
FY25 cash from operations ₹30.0 Cr:
20% of FY25 net profit of ₹150 Cr.
Borrowings ₹9.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹70.3 ₹91.0
+29.5% above Net profit ₹42.5 ₹45.0
+5.8% in line
M Cap ₹2,696 Cr
P/E 55.5
PEG 9.24
Profit -61% below its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+10.9% -20.2%
378 474 341 Operating profit
+21.0% -39.6%
34.3 56.8 28.3 OPM %
+76 bps -291 bps
9.1% 12.0% 8.3% Other income
to loss loss narrowed -1.9 -2.9 3.3 Net profit
-50.7% -80.6%
4.2 21.4 8.4 PAT margin %
-137 bps -341 bps
1.1% 4.5% 2.5% EPS (₹)
-50.6% -80.6%
1.25 6.45 2.53
Quality of profit
Pre-tax profit ₹5.4 Cr: core business ₹7.3 Cr, other income −₹1.9 Cr.
Core profit YoY: -22.1%
· reported profit -50.7%
Cash & debt
FY25 cash from operations ₹130 Cr:
374% of FY25 net profit of ₹34.8 Cr.
Borrowings ₹348 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹349 ₹378
+8.5% above Net profit ₹10.6 ₹4.2
-60.8% below
M Cap ₹2,696 Cr
P/E 23.6
PEG 0.29
38% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-3.9% +6.6%
421 395 438 Operating profit
+4.7% +4.7%
45.0 43.0 43.0 OPM %
+87 bps -20 bps
10.7% 10.9% 9.8% Other income
+20.0% -40.0%
6.0 10.0 5.0 Net profit
+37.5% -45.0%
11.0 20.0 8.0 PAT margin %
+79 bps -245 bps
2.6% 5.1% 1.8% EPS (₹)
+45.4% -43.5%
4.13 7.31 2.84
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹10.0 Cr, other income ₹6.0 Cr.
Core profit YoY: +25.0%
· reported profit +37.5%
Cash & debt
FY25 cash from operations ₹188 Cr:
419% of FY25 net profit of ₹44.9 Cr.
Borrowings ₹627 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹493 ₹421
-14.6% below Net profit ₹11.5 ₹11.0
-4.4% in line
M Cap ₹2,692 Cr
P/E 9.8
PEG 0.58
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+4.2% +3.4%
657 635 630 Operating profit
+2.8% +27.8%
86.3 67.5 83.9 OPM %
-18 bps +251 bps
13.1% 10.6% 13.3% Other income
-23.3% -38.2%
6.6 10.7 8.6 Net profit?
+5.3% +17.8%
65.0 55.2 61.7 PAT margin %
+10 bps +121 bps
9.9% 8.7% 9.8% EPS (₹)
+3.2% +17.5%
3.89 3.31 3.77
Quality of profit
Pre-tax profit ₹65.2 Cr: core business ₹58.6 Cr, other income ₹6.6 Cr.
Core profit YoY: -1.2%
· reported profit +5.3%
Cash & debt
FY25 cash from operations ₹156 Cr:
60% of FY25 net profit of ₹259 Cr.
Borrowings ₹106 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹669 ₹657
-1.7% in line Net profit ₹59.9 ₹65.0
+8.4% in line
M Cap ₹2,690 Cr
P/E 23.7
PEG —
Operating margin contracted 272 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+10.7% +9.1%
412 378 372 Operating profit
-5.0% +14.3%
67.9 59.4 71.5 OPM %
-272 bps +75 bps
16.5% 15.7% 19.2% Other income
-9.6% -58.2%
4.6 11.1 5.1 Net profit?
-33.7% +6.0%
17.6 16.6 26.5 PAT margin %
-286 bps -12 bps
4.3% 4.4% 7.1% EPS (₹)
-33.8% +6.1%
3.64 3.43 5.50
Quality of profit
Pre-tax profit ₹26.1 Cr: core business ₹21.4 Cr, other income ₹4.6 Cr.
Core profit YoY: -35.8%
· reported profit -33.7%
Cash & debt
FY25 cash from operations ₹182 Cr:
149% of FY25 net profit of ₹122 Cr.
Borrowings ₹1,185 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹348 ₹412
+18.3% above Net profit ₹18.9 ₹17.6
-7.2% in line
How to read this page
The numbers. Each card is one company's Q3 FY26 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter,
before minority interest. A company's own headline, and the AI read of its filing, often quote the profit
attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's
Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that
attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two
are the same.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 14 Oct 2026, 02:00 IST
