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.
Updated 14 Oct 2026, 02:23 IST
4316 declared
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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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540199
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +264% 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 loss widened
-0.9 -0.2 -1.1
Other income
+44.3% +5.7%
1.7 1.6 1.1
Net profit
+628.6% -50.0%
0.5 1.0 0.1
EPS (₹)
-61.9% -97.4%
0.08 3.09 0.21
Quality of profit
Pre-tax profit ₹0.8 Cr: core business −₹0.9 Cr, other income ₹1.7 Cr.
Core profit YoY: loss narrowed
· reported profit +628.6%
Cash & debt
FY25 cash from operations −₹74.9 Cr:
-3469% of FY25 net profit of ₹2.2 Cr.
Borrowings ₹90.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.1 ₹0.5
+264.3% above
540386
· Q3 FY26 · Standalone
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
-100.0% -100.0%
0.0 0.4 0.5
Operating profit
to loss to loss
-0.1 0.3 0.4
Other income
+250.0% +16.7%
0.1 0.1 0.0
Net profit
-97.1% -96.8%
0.0 0.3 0.3
EPS (₹)
-100.0% -100.0%
0.00 0.03 0.04
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss
· reported profit -97.1%
Cash & debt
FY25 cash from operations −₹0.4 Cr:
-28% of FY25 net profit of ₹1.3 Cr.
Borrowings ₹0.3 Cr at Mar 2025.
540395
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +139% above its own trend Operating margin expanded 211 bps YoY 28% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+13.9% +24.6%
22.1 17.8 19.4
Operating profit
+31.2% +97.2%
3.5 1.8 2.7
OPM %
+211 bps +588 bps
16.0% 10.1% 13.9%
Other income
-1.6% -4.8%
0.6 0.6 0.6
Net profit?
+19.7% +652.4%
1.6 0.2 1.3
PAT margin %
+35 bps +596 bps
7.1% 1.2% 6.8%
EPS (₹)
+20.2% +664.3%
1.07 0.14 0.89
Quality of profit
Core 72% Other income & one-offs 28%
Pre-tax profit ₹2.2 Cr: core business ₹1.6 Cr, other income ₹0.6 Cr.
Core profit YoY: +35.0%
· reported profit +19.7%
Cash & debt
FY25 cash from operations ₹7.6 Cr:
194% of FY25 net profit of ₹3.9 Cr.
Borrowings ₹42.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹18.0 ₹22.1
+22.8% above
Net profit ₹0.7 ₹1.6
+139.4% above
540401
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -35% below its own trend Operating margin contracted 288 bps YoY 26% 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
+17.7% -5.2%
43.5 45.8 36.9
Operating profit
-15.3% -10.6%
3.2 3.6 3.8
OPM %
-288 bps -44 bps
7.4% 7.8% 10.2%
Other income
-19.2% -52.4%
0.6 1.2 0.7
Net profit?
-29.6% -29.4%
2.0 2.8 2.8
PAT margin %
-305 bps -155 bps
4.5% 6.1% 7.6%
EPS (₹)
-30.0% -30.0%
0.14 0.20 0.20
Quality of profit
Core 74% Other income & one-offs 26%
Pre-tax profit ₹2.3 Cr: core business ₹1.7 Cr, other income ₹0.6 Cr.
Core profit YoY: -32.9%
· reported profit -29.6%
Cash & debt
FY25 cash from operations −₹15.0 Cr:
-165% of FY25 net profit of ₹9.1 Cr.
Borrowings ₹23.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹46.0 ₹43.5
-5.6% below
Net profit ₹3.1 ₹2.0
-35.5% below
540519
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -67% below its own trend Operating margin contracted 1085 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
-24.4% -9.2%
8.8 9.7 11.6
Operating profit
-70.5% -50.8%
0.6 1.2 2.1
OPM %
-1085 bps -586 bps
6.9% 12.8% 17.8%
Other income
+733.3% +92.3%
0.2 0.1 0.0
Net profit?
-78.4% -45.3%
0.3 0.5 1.3
PAT margin %
-822 bps -217 bps
3.3% 5.5% 11.5%
EPS (₹)
-77.8% -44.0%
0.14 0.25 0.63
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.0 Cr, other income ₹0.2 Cr.
Core profit YoY: to loss
· reported profit -78.4%
Cash & debt
FY25 cash from operations ₹5.5 Cr:
147% of FY25 net profit of ₹3.7 Cr.
Borrowings ₹8.2 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹11.4 ₹8.8
-22.5% below
Net profit ₹0.9 ₹0.3
-67.0% below
540570
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 544 bps YoY 70% 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
+7.8% +51.5%
33.9 22.4 31.5
Operating profit
from loss from loss
1.8 -0.2 -0.1
OPM %
+544 bps +636 bps
5.2% -1.1% -0.2%
Other income
-56.2% -16.9%
1.1 1.4 2.6
Net profit?
+95.3% —
1.2 0.1 0.6
PAT margin %
+165 bps +328 bps
3.7% 0.4% 2.0%
EPS (₹)
+100.0% —
0.06 0.00 0.03
Quality of profit
Core 30% Other income & one-offs 70%
Pre-tax profit ₹1.6 Cr: core business ₹0.5 Cr, other income ₹1.1 Cr.
Core profit YoY: from loss
· reported profit +95.3%
Cash & debt
FY25 cash from operations −₹17.0 Cr:
-2394% of FY25 net profit of ₹0.7 Cr.
Borrowings ₹31.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹30.7 ₹33.9
+10.6% above
Net profit ₹1.3 ₹1.2
-2.3% in line
540597
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 102 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
-60.9% -35.9%
4.0 6.3 10.3
Operating profit
from loss +0.0%
0.0 0.0 -0.1
OPM %
+102 bps +9 bps
0.2% 0.2% -0.8%
Other income
— -66.7%
0.0 0.1 0.0
Net profit
from loss -60.0%
0.0 0.1 -0.1
PAT margin %
+147 bps -30 bps
0.5% 0.8% -1.0%
EPS (₹)
from loss -50.0%
0.02 0.04 -0.09
Quality of profit
Core 0% Other income & one-offs 100%
Pre-tax profit ₹0.0 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹10.6 Cr:
-2210% of FY25 net profit of ₹0.5 Cr.
Borrowings ₹3.4 Cr at Mar 2025.
540717
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +20% above its own trend 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-3.0% -19.4%
16.7 20.7 17.2
Operating profit
+1.6% +9.6%
1.3 1.1 1.2
OPM %
+34 bps +200 bps
7.6% 5.6% 7.2%
Other income
+40.0% +0.0%
0.3 0.3 0.2
Net profit?
+14.7% +6.8%
0.8 0.7 0.7
PAT margin %
+72 bps +115 bps
4.7% 3.5% 4.0%
EPS (₹)
+0.0% +0.0%
0.02 0.02 0.02
Quality of profit
Core 75% Other income & one-offs 25%
Pre-tax profit ₹1.1 Cr: core business ₹0.8 Cr, other income ₹0.3 Cr.
Core profit YoY: +9.1%
· reported profit +14.7%
Cash & debt
FY25 cash from operations ₹2.5 Cr:
95% of FY25 net profit of ₹2.6 Cr.
Borrowings ₹10.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.4 ₹16.7
+24.6% above
Net profit ₹0.7 ₹0.8
+19.6% above
540726
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +68% above its own trend 51% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -32%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-18.8% -16.0%
25.7 30.6 31.7
Operating profit
-29.3% -33.9%
1.6 2.5 2.3
OPM %
-95 bps -173 bps
6.4% 8.1% 7.3%
Other income
from loss -2.6%
0.4 0.4 -0.2
Net profit
+90.0% -49.6%
0.6 1.1 0.3
PAT margin %
+127 bps -147 bps
2.2% 3.7% 0.9%
EPS (₹)
+31.0% -49.3%
0.38 0.75 0.29
Quality of profit
Core 49% Other income & one-offs 51%
Pre-tax profit ₹0.7 Cr: core business ₹0.4 Cr, other income ₹0.4 Cr.
Core profit YoY: -32.1%
· reported profit +90.0%
Cash & debt
FY25 cash from operations −₹14.0 Cr:
-558% of FY25 net profit of ₹2.5 Cr.
Borrowings ₹30.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹38.4 ₹25.7
-33.0% below
Net profit ₹0.3 ₹0.6
+68.1% above
540728
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 270 bps YoY 40% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+5.2% +13.7%
283 249 269
Operating profit
+114.3% from loss
15.0 -2.0 7.0
OPM %
+270 bps +610 bps
5.3% -0.8% 2.6%
Other income
+0.0% +0.0%
1.0 1.0 1.0
Net profit?
from loss from loss
4.0 -9.0 -1.0
PAT margin %
+179 bps +503 bps
1.4% -3.6% -0.4%
EPS (₹)
from loss from loss
1.37 -3.67 -0.47
Quality of profit
Core 60% Other income & one-offs 40%
Pre-tax profit ₹5.0 Cr: core business ₹3.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹33.0 Cr.
Borrowings ₹221 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹282 ₹283
+0.5% in line
540738
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +147% above its own trend Operating margin contracted 201 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
+8.8% -2.2%
62.0 63.4 57.0
Operating profit
-32.5% +0.5%
2.0 2.0 3.0
OPM %
-201 bps +9 bps
3.3% 3.2% 5.3%
Other income
— +4.9%
1.1 1.0 0.0
Net profit?
+95.7% +23.3%
0.9 0.7 0.5
PAT margin %
+64 bps +30 bps
1.5% 1.2% 0.8%
EPS (₹)
+85.7% +18.2%
0.13 0.11 0.07
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹0.0 Cr, other income ₹1.1 Cr.
Core profit YoY: to loss
· reported profit +95.7%
Cash & debt
FY25 cash from operations ₹13.0 Cr:
650% of FY25 net profit of ₹2.0 Cr.
Borrowings ₹42.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹52.4 ₹62.0
+18.3% above
Net profit ₹0.4 ₹0.9
+146.7% above
540796
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -53% below its own trend Operating margin expanded 4563 bps YoY 30% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +77%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-83.1% -22.4%
7.9 10.2 46.6
Operating profit
+13.1% -8.4%
4.2 4.6 3.8
OPM %
+4563 bps +819 bps
53.7% 45.5% 8.0%
Other income
-31.6% -13.3%
0.3 0.3 0.4
Net profit
-6.2% +165.2%
0.6 0.2 0.7
PAT margin %
+633 bps +546 bps
7.7% 2.3% 1.4%
EPS (₹)
-4.3% +164.7%
0.45 0.17 0.47
Quality of profit
Core 70% Other income & one-offs 30%
Pre-tax profit ₹0.9 Cr: core business ₹0.6 Cr, other income ₹0.3 Cr.
Core profit YoY: +77.1%
· reported profit -6.2%
Cash & debt
FY25 cash from operations ₹90.3 Cr:
1578% of FY25 net profit of ₹5.7 Cr.
Borrowings ₹119 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹93.3 ₹7.9
-91.5% below
Net profit ₹1.3 ₹0.6
-53.1% below
540809
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -17% below its own trend Operating margin contracted 245 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
+127.0% +125.2%
11.6 5.2 5.1
Operating profit
-15.0% —
0.2 0.0 0.2
OPM %
-245 bps +147 bps
1.5% 0.0% 3.9%
Other income
+0.0% +27.3%
0.1 0.1 0.1
Net profit?
-16.7% +300.0%
0.2 0.1 0.2
PAT margin %
-297 bps +75 bps
1.7% 1.0% 4.7%
EPS (₹)
-25.0% +800.0%
0.09 0.01 0.12
Quality of profit
Core 48% Other income & one-offs 52%
Pre-tax profit ₹0.3 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: -35.0%
· reported profit -16.7%
Cash & debt
FY25 cash from operations ₹2.3 Cr:
226% of FY25 net profit of ₹1.0 Cr.
Borrowings ₹4.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.0 ₹11.6
+29.0% above
Net profit ₹0.2 ₹0.2
-16.7% below
540936
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -31% below 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 -53%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-1.2% -43.8%
12.9 23.1 13.1
Operating profit
-10.5% -32.0%
0.2 0.2 0.2
OPM %
-14 bps +23 bps
1.3% 1.1% 1.4%
Other income
— +0.0%
0.0 0.0 0.0
Net profit
-30.8% -35.7%
0.1 0.1 0.1
PAT margin %
-30 bps +9 bps
0.7% 0.6% 1.0%
EPS (₹)
-33.3% -33.3%
0.02 0.03 0.03
Quality of profit
Core 73% Other income & one-offs 27%
Pre-tax profit ₹0.1 Cr: core business ₹0.1 Cr, other income ₹0.0 Cr.
Core profit YoY: -52.9%
· reported profit -30.8%
Cash & debt
FY25 cash from operations ₹0.3 Cr:
94% of FY25 net profit of ₹0.3 Cr.
Borrowings ₹6.4 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹11.2 ₹12.9
+15.1% above
Net profit ₹0.1 ₹0.1
-30.8% below
540980
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +429% 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
+13.3% +13.3%
17.0 15.0 15.0
Operating profit
— —
0.0 0.0 0.0
OPM %
+0 bps +0 bps
0.0% 0.0% 0.0%
Other income
+220.0% +60.0%
32.0 20.0 10.0
Net profit?
+220.0% +60.0%
32.0 20.0 10.0
EPS (₹)
+227.8% +56.4%
1038.71 664.28 316.85
Quality of profit
Core 0% Other income & one-offs 100%
Pre-tax profit ₹32.0 Cr: core business ₹0.0 Cr, other income ₹32.0 Cr.
Core profit YoY: —
· reported profit +220.0%
Cash & debt
FY25 cash from operations −₹8.0 Cr:
-7% of FY25 net profit of ₹115 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹15.0 ₹17.0
+13.3% above
Net profit ₹6.0 ₹32.0
+429.1% above
541634
· 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
-21.9% +4.0%
8.7 8.4 11.2
Operating profit
-11.1% +10.3%
0.6 0.6 0.7
OPM %
+89 bps +42 bps
7.3% 6.9% 6.4%
Other income
— —
0.5 0.0 0.0
Net profit
from loss from loss
0.2 -0.2 -0.1
PAT margin %
+262 bps +503 bps
2.2% -2.9% -0.4%
EPS (₹)
from loss from loss
0.19 -0.24 -0.05
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.3 Cr, other income ₹0.5 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹8.7 Cr.
Borrowings ₹18.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.0 ₹8.7
-2.8% in line
541702
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +314% above its own trend Operating margin contracted 277 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
-3.7% -42.3%
2.6 4.5 2.7
Operating profit
loss widened loss narrowed
-0.1 -0.2 -0.1
OPM %
-277 bps -85 bps
-4.6% -3.8% -1.9%
Other income
+63.2% -11.4%
0.3 0.3 0.2
Net profit?
+500.0% +0.0%
0.1 0.1 0.0
PAT margin %
+194 bps +98 bps
2.3% 1.3% 0.4%
EPS (₹)
— —
0.00 0.00 0.00
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: loss widened
· reported profit +500.0%
Cash & debt
FY25 cash from operations −₹12.8 Cr:
-7500% of FY25 net profit of ₹0.2 Cr.
Borrowings ₹46.1 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.5 ₹2.6
-42.9% below
Net profit ₹0.0 ₹0.1
+313.8% above
541735
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +999% above its own trend Operating margin contracted 581 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
— -2.4%
67.1 68.8 3.1
Operating profit
-94.4% from loss
0.0 -0.6 0.2
OPM %
-581 bps +84 bps
0.0% -0.8% 5.8%
Other income
— +465.2%
1.3 0.2 0.0
Net profit?
— from loss
1.2 -0.4 0.0
PAT margin %
+55 bps +240 bps
1.8% -0.6% 1.3%
EPS (₹)
— from loss
0.10 -0.03 0.00
Quality of profit
Pre-tax profit ₹1.2 Cr: core business −₹0.1 Cr, other income ₹1.3 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations −₹5.0 Cr.
Borrowings ₹22.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹6.2 ₹67.1
+986.4% above
Net profit ₹0.0 ₹1.2
+999.0% above
541778
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -15% below its own trend Operating margin contracted 118 bps YoY 71% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -75%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-6.7% -18.4%
21.0 25.8 22.5
Operating profit
-15.1% -38.3%
2.5 4.1 3.0
OPM %
-118 bps -389 bps
12.0% 15.9% 13.2%
Other income
-8.0% +3.0%
0.7 0.7 0.8
Net profit
-39.9% -52.6%
0.8 1.8 1.4
PAT margin %
-217 bps -285 bps
3.9% 6.8% 6.1%
EPS (₹)
-40.4% -52.8%
0.34 0.72 0.57
Quality of profit
Core 29% Other income & one-offs 71%
Pre-tax profit ₹1.0 Cr: core business ₹0.3 Cr, other income ₹0.7 Cr.
Core profit YoY: -75.2%
· reported profit -39.9%
Cash & debt
FY25 cash from operations ₹19.9 Cr:
385% of FY25 net profit of ₹5.2 Cr.
Borrowings ₹33.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹21.2 ₹21.0
-1.0% in line
Net profit ₹1.0 ₹0.8
-15.4% below
542013
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +140% above its own trend 30% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +17%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+28.8% +2.8%
41.0 39.9 31.8
Operating profit
+16.5% +8.2%
2.0 1.8 1.7
OPM %
-51 bps +24 bps
4.8% 4.6% 5.3%
Other income
+131.8% +410.0%
0.5 0.1 0.2
Net profit
+116.9% +42.6%
1.5 1.1 0.7
PAT margin %
+152 bps +105 bps
3.8% 2.7% 2.2%
EPS (₹)
+116.9% +42.6%
1.54 1.08 0.71
Quality of profit
Core 70% Other income & one-offs 30%
Pre-tax profit ₹1.7 Cr: core business ₹1.2 Cr, other income ₹0.5 Cr.
Core profit YoY: +17.5%
· reported profit +116.9%
Cash & debt
FY25 cash from operations ₹4.0 Cr:
78% of FY25 net profit of ₹5.1 Cr.
Borrowings ₹18.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹36.9 ₹41.0
+11.2% above
Net profit ₹0.6 ₹1.5
+140.3% above
542019
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 561 bps YoY 86% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-20.2% -20.5%
11.2 14.0 14.0
Operating profit
from loss from loss
0.5 -0.3 -0.1
OPM %
+561 bps +682 bps
4.8% -2.1% -0.9%
Other income
-64.3% -70.6%
0.3 1.0 0.8
Net profit
+15.8% +69.2%
0.2 0.1 0.2
PAT margin %
+61 bps +105 bps
2.0% 0.9% 1.4%
EPS (₹)
+12.5% +63.6%
0.18 0.11 0.16
Quality of profit
Core 14% Other income & one-offs 86%
Pre-tax profit ₹0.3 Cr: core business ₹0.1 Cr, other income ₹0.3 Cr.
Core profit YoY: from loss
· reported profit +15.8%
Cash & debt
FY25 cash from operations ₹2.2 Cr:
300% of FY25 net profit of ₹0.8 Cr.
Borrowings ₹8.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹15.7 ₹11.2
-28.9% below
Net profit ₹0.2 ₹0.2
+5.2% in line
542176
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +40% above its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+40.0% -88.7%
0.1 0.6 0.1
Operating profit
loss narrowed to loss
-0.1 0.4 -0.2
Other income
-3.6% -1.9%
0.5 0.5 0.6
Net profit
+34.5% -47.3%
0.4 0.7 0.3
EPS (₹)
+34.0% -47.4%
1.30 2.47 0.97
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.1 Cr, other income ₹0.5 Cr.
Core profit YoY: loss narrowed
· reported profit +34.5%
Cash & debt
FY25 cash from operations ₹1.1 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹0.1
+87.9% above
Net profit ₹0.3 ₹0.4
+39.9% above
542459
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 945 bps YoY 41% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+37.3% +8.0%
25.0 23.2 18.2
Operating profit
+356.8% -19.9%
3.4 4.2 0.7
OPM %
+945 bps -471 bps
13.5% 18.2% 4.1%
Other income
+64.3% +0.0%
0.2 0.2 0.1
Net profit?
from loss -93.9%
0.1 1.1 -1.3
PAT margin %
+741 bps -469 bps
0.3% 5.0% -7.1%
EPS (₹)
from loss -72.9%
0.26 0.96 -0.90
Quality of profit
Core 59% Other income & one-offs 41%
Pre-tax profit ₹0.6 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹2.0 Cr.
Borrowings ₹44.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹18.8 ₹25.0
+33.0% above
542543
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
79% of pre-tax profit came from other income and one-off items
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
+3.1%
952 923
Operating profit
-3.7%
362 376
OPM %
-271 bps
38.0% 40.7%
Other income
+37.5%
11.0 8.0
Net profit?
-44.0%
14.0 25.0
PAT margin %
-124 bps
1.5% 2.7%
EPS (₹)
-43.2%
0.21 0.37
Quality of profit
Core 21% Other income & one-offs 79%
Pre-tax profit ₹14.0 Cr: core business ₹3.0 Cr, other income ₹11.0 Cr.
Cash & debt
FY25 cash from operations ₹1,182 Cr.
Borrowings ₹6,604 Cr at Mar 2025.
542627
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +999% above its own trend 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% —
0.0 0.0 48.2
Operating profit
to loss loss narrowed
-0.5 -0.6 0.2
Other income
from loss from loss
2.4 -0.1 -0.0
Net profit
— from loss
1.9 -1.1 0.0
EPS (₹)
— from loss
5.73 -3.28 0.12
Quality of profit
Pre-tax profit ₹1.8 Cr: core business −₹0.6 Cr, other income ₹2.4 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations ₹6.2 Cr:
437% of FY25 net profit of ₹1.4 Cr.
Borrowings ₹0.8 Cr at Sep 2025, against ₹0.2 Cr at Mar 2025 (+212% ).
Against its own trend ?
Trend Actual Gap
Sales ₹58.8 ₹0.0
-100.0% below
Net profit ₹0.0 ₹1.9
+999.0% above
542666
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -57% below its own trend Operating margin contracted 172 bps YoY 91% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -94%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-16.2% -8.2%
7.1 7.7 8.5
Operating profit
-41.7% -48.1%
0.3 0.5 0.5
OPM %
-172 bps -304 bps
3.9% 7.0% 5.7%
Other income
+100.0% +11.1%
0.1 0.1 0.1
Net profit
-45.5% -57.1%
0.1 0.3 0.2
PAT margin %
-91 bps -193 bps
1.7% 3.6% 2.6%
EPS (₹)
-50.0% -61.5%
0.05 0.13 0.10
Quality of profit
Core 9% Other income & one-offs 91%
Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: -94.1%
· reported profit -45.5%
Cash & debt
FY25 cash from operations ₹1.1 Cr:
124% of FY25 net profit of ₹0.9 Cr.
Borrowings ₹2.5 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.5 ₹7.1
-24.9% below
Net profit ₹0.3 ₹0.1
-57.1% below
542866
· Q3 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -41% below its own trend Operating margin contracted 243 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
+95.9% +13.5%
45.5 40.1 23.2
Operating profit
to loss to loss
-0.1 0.3 0.5
OPM %
-243 bps -81 bps
-0.1% 0.7% 2.3%
Other income
+192.3% -10.2%
1.1 1.3 0.4
Net profit?
+17.4% -30.3%
1.1 1.6 0.9
PAT margin %
-159 bps -149 bps
2.4% 3.9% 4.0%
EPS (₹)
— -37.5%
0.05 0.08 0.05
No EPS growth against Dec 2024: ₹2 to ₹1 split in May 2025.
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹0.1 Cr, other income ₹1.1 Cr.
Core profit YoY: to loss
· reported profit +17.4%
Cash & debt
FY25 cash from operations ₹4.0 Cr:
143% of FY25 net profit of ₹2.8 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹46.5 ₹45.5
-2.0% in line
Net profit ₹1.8 ₹1.1
-41.3% below
543229
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +34% above its own trend Operating margin contracted 126 bps YoY 26% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -10%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+13.4% -3.9%
49.8 51.8 43.9
Operating profit
-0.2% +24.1%
4.6 3.7 4.6
OPM %
-126 bps +208 bps
9.2% 7.1% 10.5%
Other income
— +14.6%
0.6 0.5 0.0
Net profit
+28.4% +84.0%
1.5 0.8 1.2
PAT margin %
+35 bps +143 bps
3.0% 1.6% 2.6%
EPS (₹)
+28.4% +84.0%
2.98 1.62 2.32
Quality of profit
Core 74% Other income & one-offs 26%
Pre-tax profit ₹2.1 Cr: core business ₹1.6 Cr, other income ₹0.6 Cr.
Core profit YoY: -10.3%
· reported profit +28.4%
Cash & debt
FY25 cash from operations ₹20.0 Cr:
392% of FY25 net profit of ₹5.1 Cr.
Borrowings ₹89.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹53.3 ₹49.8
-6.5% below
Net profit ₹1.1 ₹1.5
+33.5% above
543241
· Q3 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +27% above its own trend Operating margin expanded 3843 bps YoY 40% 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
-14.6% +30.6%
2.0 1.6 2.4
Operating profit
from loss -31.0%
0.6 0.9 -0.2
OPM %
+3843 bps -2615 bps
29.3% 55.4% -9.2%
Other income
-82.2% -36.7%
0.2 0.3 1.1
Net profit
-36.5% -52.2%
0.3 0.7 0.5
PAT margin %
-557 bps -2785 bps
16.1% 43.9% 21.7%
EPS (₹)
-37.5% -52.4%
0.20 0.42 0.32
Quality of profit
Core 60% Other income & one-offs 40%
Pre-tax profit ₹0.5 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
· reported profit -36.5%
Cash & debt
FY25 cash from operations −₹5.4 Cr:
-199% of FY25 net profit of ₹2.7 Cr.
Borrowings ₹16.9 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹1.3 ₹2.0
+55.6% above
Net profit ₹0.3 ₹0.3
+26.9% above
543376
· 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
to loss to loss
-0.1 1.2 0.8
Other income
— —
0.2 0.0 0.0
Net profit
from loss from loss
0.1 -0.2 -0.1
EPS (₹)
from loss from loss
0.04 -0.09 -0.03
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 −₹24.7 Cr.
Borrowings ₹41.0 Cr 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, 02:23 IST