Flash Finance

Q3 FY26 quarterly results (October-December 2025)

4,316 companies have declared Q3 FY26 results so far, the latest on 15 Sep 2026.

Across the 3,727 non-financial companies with a year-ago quarter to compare, sales grew +15.1% and net profit +14.8% year on year, and the combined operating margin narrowed 25 bps to 14.1%.

For the 146 banks and lenders, net interest income grew +8.0% and net profit +10.5%.

56% of companies grew net profit; 416 turned a loss into a profit; 37% beat their own profit trend and 48% fell short of it.

Updated 13 Oct 2026, 15:09 IST 4316 declared
The next results season has started: 36 companies have filed results for the quarter ended 30 Sep 2026. See them →

Q3 FY26 scoreboard

Sales growth
+15.1%
YoY, 3727 companies combined; median +8.3%
Net profit growth
+14.8%
YoY combined; median +8.9%
Operating margin
14.1%
-25 bps YoY
Grew profit
56%
416 turnarounds, 346 into loss
Vs own profit trend
37% / 48%
above / below, 15% in line
Banks: NII growth
+8.0%
146 lenders; profit +10.5%
Price since results
-9.5%
median; 0% of 1 stocks up
Other-income heavy
1051
25%+ of pre-tax profit from other income & one-offs

Latest Q3 FY26 results 4316

Page 4 of 144

Power Finance Corporation Limited

PFC · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,11,510 Cr
P/E
3.3
PEG
0.18
  • Gross NPA down 104 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +8.6%+0.8% 29,14128,90126,822
Net interest income +10.7%+1.3% 10,89610,7559,840
Other income +59.5%-19.1% 672832422
Operating profit (pre-provision) +8.5%+1.9% 10,63910,4399,807
Provisions from loss-68.9% 119382-8.9
Net profit? +5.8%+4.8% 8,2127,8347,760
EPS (₹) +8.0%+9.6% 19.0717.4017.66
Cost-to-income % +361 bps-187 bps 8.0%9.9%4.4%
Gross NPA % -104 bps-19 bps 1.3%1.4%2.3%
Net NPA % -50 bps-7 bps 0.2%0.3%0.7%

Where profit came from

Pre-provision profit ₹10,639 Cr (+8.5% YoY); provisions ₹119 Cr.

Net profit +5.8% YoY.

Against its own trend ?

TrendActualGap
NII₹11,763₹10,896 -7.4% below
Net profit₹9,074₹8,212 -9.5% in line
Detailed financials →

Siemens Energy India Limited

ENRIN · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹1,11,042 Cr
P/E
—
PEG
—
  • Exceptional items of ₹-51.9 Cr in the quarter
₹ Cr Dec 2025
Sales 1,911
Operating profit 428
OPM % 22.4%
Other income 49.3

First results we hold for this company (a recent listing or a first filing), so there is no earlier quarter to compare with.

Quality of profit

Pre-tax profit ₹418 Cr: core business ₹421 Cr, other income ₹49.3 Cr, exceptional & other items −₹51.9 Cr.

📊 Investor presentation (22 Sep) Detailed financials →

Tata Power Company Limited

TATAPOWER · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹1,09,824 Cr
P/E
20.9
PEG
3.48
  • Profit -10% below its own trend
  • 69% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -58%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -9.4%-10.3% 13,94815,54515,391
Operating profit -8.9%-7.5% 3,0553,3023,353
OPM % +12 bps+66 bps 21.9%21.2%21.8%
Other income -20.3%-36.6% 321505402
Net profit? +0.6%-4.1% 1,1941,2451,188
PAT margin % +85 bps+55 bps 8.6%8.0%7.7%
EPS (₹) -25.2%-16.3% 2.412.883.22

Quality of profit

Core 31%Other income & one-offs 69%

Pre-tax profit ₹1,540 Cr: core business ₹483 Cr, other income ₹321 Cr, exceptional & other items ₹736 Cr.

Core profit YoY: -57.7% · reported profit +0.6%

Cash & debt

FY25 cash from operations ₹12,680 Cr: 266% of FY25 net profit of ₹4,775 Cr.

Borrowings ₹62,866 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹16,110₹13,948 -13.4% below
Net profit₹1,332₹1,194 -10.3% below
📊 Investor presentation (27 Jul) Detailed financials →

GAIL (India) Limited

GAIL · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹1,09,745 Cr
P/E
11.1
PEG
1.11
  • Profit -52% below its own trend
  • 32% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -4.5%-1.0% 35,17335,53736,835
Operating profit -7.6%-15.4% 2,9273,4603,169
OPM % -28 bps-141 bps 8.3%9.7%8.6%
Other income -78.7%+32.4% 6835163,211
Net profit? -57.7%-13.1% 1,7291,9894,084
PAT margin % -617 bps-68 bps 4.9%5.6%11.1%
EPS (₹) -57.0%-11.0% 2.673.006.21

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹2,165 Cr: core business ₹1,481 Cr, other income ₹683 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -28.1% · reported profit -57.7%

Cash & debt

FY25 cash from operations ₹15,735 Cr: 126% of FY25 net profit of ₹12,463 Cr.

Borrowings ₹21,595 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹38,826₹35,173 -9.4% below
Net profit₹3,596₹1,729 -51.9% below
📊 Investor presentation (31 Jul) Detailed financials →

Indian Bank

INDIANB · Public Sector Banks · Q3 FY26 · Consolidated
M Cap
₹1,09,656 Cr
P/E
8.6
PEG
0.31
  • Profit -10% below its own trend
  • Gross NPA down 103 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +9.5%+3.2% 19,89519,27118,168
Net interest income +7.4%+4.7% 6,8996,5896,425
Other income +16.5%+5.7% 2,7932,6432,397
Operating profit (pre-provision) +5.8%+4.0% 5,0564,8624,780
Provisions -19.1%+16.1% 8577391,060
Net profit? +8.2%+1.3% 3,1473,1082,910
EPS (₹) +8.1%+1.3% 23.3623.0721.60
Cost-to-income % +201 bps+49 bps 47.8%47.3%45.8%
Gross NPA % -103 bps-37 bps 2.2%2.6%3.3%
Net NPA % -6 bps-1 bps 0.1%0.2%0.2%

Where profit came from

Pre-provision profit ₹5,056 Cr (+5.8% YoY); provisions ₹857 Cr (-19.1% YoY).

Net profit +8.2% YoY.

Against its own trend ?

TrendActualGap
NII₹6,814₹6,899 +1.2% in line
Net profit₹3,505₹3,147 -10.2% below
📊 Investor presentation (19 Aug) Detailed financials →

GE Vernova T&D India Limited

GVT&D · Electrical Equipment · Q3 FY26 · Standalone
M Cap
₹1,08,922 Cr
P/E
83.5
PEG
0.17
  • Operating margin expanded 999 bps YoY
  • Core business grew faster than reported profit (core profit +168%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +58.4%+10.6% 1,7011,5381,074
Operating profit +152.8%+14.9% 455396180
OPM % +999 bps+100 bps 26.7%25.7%16.8%
Other income to lossto loss -51.019.026.0
Net profit +103.5%-2.7% 291299143
PAT margin % +379 bps-233 bps 17.1%19.4%13.3%
EPS (₹) +103.9%-2.9% 11.3611.705.57

Quality of profit

Pre-tax profit ₹390 Cr: core business ₹440 Cr, other income −₹51.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +168.3% · reported profit +103.5%

Cash & debt

FY25 cash from operations ₹904 Cr: 148% of FY25 net profit of ₹609 Cr.

Borrowings ₹35.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,433₹1,701 +18.7% above
Net profit₹286₹291 +1.7% in line
📊 Investor presentation (17 Sep) Detailed financials →

One 97 Communications Limited

PAYTM · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹1,08,351 Cr
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Provisions up 400% YoY
₹ CrYoY Dec 2025Dec 2024
Total income +19.3% 2,4062,016
Operating profit (pre-provision) from loss 231-203
Provisions +400.0% 1.00.2
Net profit? from loss 225-208
EPS (₹) from loss 3.52-3.27

Where profit came from

Pre-provision profit ₹231 Cr; provisions ₹1.0 Cr (+400.0% YoY).

Against its own trend ?

TrendActualGap
Total income₹2,006₹2,406 +19.9% above
Detailed financials →

Canara Bank

CANBK · Public Sector Banks · Q3 FY26 · Consolidated
M Cap
₹1,07,378 Cr
P/E
5.4
PEG
0.30
  • Gross NPA down 126 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income -11.6%-21.2% 33,08942,01437,430
Net interest income —— 8,229——
Other income —— 2,152——
Operating profit (pre-provision) +11.2%+1.1% 8,7968,7057,913
Provisions +0.8%+2.7% 2,4172,3542,399
Net profit? +26.3%+8.3% 5,2544,8504,161
EPS (₹) +24.5%+8.2% 5.795.354.65
Cost-to-income % -3609 bps-4033 bps 15.3%55.6%51.4%
Gross NPA % -126 bps-27 bps 2.1%2.4%3.3%
Net NPA % -44 bps-9 bps 0.5%0.5%0.9%

Where profit came from

Pre-provision profit ₹8,796 Cr (+11.2% YoY); provisions ₹2,417 Cr (+0.8% YoY).

Net profit +26.3% YoY.

Against its own trend ?

TrendActualGap
Net profit₹4,935₹5,254 +6.5% in line
📊 Investor presentation (27 Jul) Detailed financials →

Lodha Developers Limited

LODHA · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹1,06,887 Cr
P/E
25.9
PEG
0.45
  • Profit -38% below its own trend
  • Operating margin contracted 170 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +14.4%+23.0% 4,6723,7984,083
Operating profit +8.4%+27.6% 1,4151,1091,306
OPM % -170 bps+110 bps 30.3%29.2%32.0%
Other income +61.0%+28.0% 10380.463.9
Net profit? +1.4%+21.3% 958790945
PAT margin % -264 bps-30 bps 20.5%20.8%23.1%
EPS (₹) +1.2%+21.4% 9.597.909.48

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹1,243 Cr: core business ₹1,133 Cr, other income ₹103 Cr, exceptional & other items ₹7.6 Cr.

Core profit YoY: +3.5% · reported profit +1.4%

Cash & debt

FY25 cash from operations ₹1,566 Cr: 57% of FY25 net profit of ₹2,767 Cr.

Borrowings ₹7,094 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,349₹4,672 -12.6% below
Net profit₹1,552₹958 -38.3% below
📊 Investor presentation (24 Jul) Detailed financials →

Meesho Limited

MEESHO · E-Commerce & Internet Retail · Q3 FY26 · Consolidated
M Cap
₹1,06,819 Cr
P/E
—
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +14.4% 3,5183,074
Operating profit loss widened -539-456
OPM % -49 bps -15.3%-14.8%
Other income -44.9% 75.0136
Net profit? loss widened -491-411
PAT margin % -59 bps -14.0%-13.4%
EPS (₹) loss narrowed -1.09-2.11

Quality of profit

Pre-tax profit −₹479 Cr: core business −₹554 Cr, other income ₹75.0 Cr.

Detailed financials →

Cipla Limited

CIPLA · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹1,05,934 Cr
P/E
31.6
PEG
3.16
  • Profit -64% below its own trend
  • Operating margin contracted 1038 bps YoY
  • Exceptional items of ₹-276 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.0%-6.8% 7,0747,5897,073
Operating profit -36.9%-33.8% 1,2551,8951,989
OPM % -1038 bps-722 bps 17.7%25.0%28.1%
Other income -6.9%-23.3% 206269222
Net profit? -57.2%-50.2% 6741,3531,575
PAT margin % -1273 bps-830 bps 9.5%17.8%22.3%
EPS (₹) -57.0%-50.0% 8.3716.7319.45

Quality of profit

Pre-tax profit ₹893 Cr: core business ₹963 Cr, other income ₹206 Cr, exceptional & other items −₹276 Cr.

Core profit YoY: -43.2% · reported profit -57.2%

Cash & debt

FY25 cash from operations ₹5,005 Cr: 95% of FY25 net profit of ₹5,269 Cr.

Borrowings ₹438 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7,594₹7,074 -6.8% below
Net profit₹1,891₹674 -64.3% below
📊 Investor presentation (23 Jul) Detailed financials →

Muthoot Finance Limited

MUTHOOTFIN · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,05,751 Cr
P/E
10.0
PEG
0.23
  • Profit +41% above its own trend
  • Gross NPA down 264 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +57.8%+12.4% 8,2397,3335,222
Net interest income —+12.0% 5,0644,520—
Other income —+6.2% 256241—
Operating profit (pre-provision) —+14.1% 4,0393,540—
Provisions —-26.7% 216295—
Net profit? +102.8%+17.1% 2,8242,4121,392
EPS (₹) +101.8%+15.8% 69.8460.2934.60
Cost-to-income % —-157 bps 24.1%25.7%—
Gross NPA % -264 bps-67 bps 1.6%2.2%4.2%
Net NPA % -221 bps-56 bps 1.3%1.9%3.5%

Where profit came from

Pre-provision profit ₹4,039 Cr; provisions ₹216 Cr.

Net profit +102.8% YoY.

Against its own trend ?

TrendActualGap
Net profit₹1,999₹2,824 +41.2% above
📊 Investor presentation (01 Aug) Detailed financials →

Tata Motors Passenger Vehicles Limited

TMPV · Passenger Cars & Utility Vehicles · Q3 FY26 · Standalone
M Cap
₹1,04,760 Cr
P/E
1.3
PEG
—
  • Into loss: a profit a year ago
  • Profit -110% below its own trend
  • Operating margin contracted 728 bps YoY
  • Exceptional items of ₹-622 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -10.4%+17.9% 15,26812,95517,040
Operating profit -65.7%+35.9% 6895072,009
OPM % -728 bps+60 bps 4.5%3.9%11.8%
Other income -35.3%-40.4% 198332306
Net profit to lossto loss -23382,0811,404
PAT margin % -977 bps— -1.5%—8.2%
EPS (₹) to lossto loss -0.6313.663.81

Quality of profit

Pre-tax profit −₹495 Cr: core business −₹71.0 Cr, other income ₹198 Cr, exceptional & other items −₹622 Cr.

Core profit YoY: to loss

Against its own trend ?

TrendActualGap
Sales₹14,890₹15,268 +2.5% in line
Net profit₹2,241−₹233 -110.4% below
📊 Investor presentation (13 Aug) Detailed financials →

Aditya Birla Capital Limited

ABCAPITAL · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,04,111 Cr
P/E
24.9
PEG
—
  • Profit +45% above its own trend
  • Gross NPA down 76 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +27.6%+13.1% 12,00210,6099,404
Net interest income +22.8%+4.8% 2,3052,1991,878
Other income +33.5%+19.8% 6,7155,6075,030
Operating profit (pre-provision) +29.2%+13.6% 1,7511,5411,355
Provisions +16.4%+10.9% 451407388
Net profit? +33.3%+9.4% 966882724
EPS (₹) +33.1%+10.7% 3.623.272.72
Cost-to-income % +21 bps+34 bps 80.6%80.3%80.4%
Gross NPA % -76 bps-17 bps 1.5%1.7%2.3%
Net NPA % -40 bps-10 bps 0.8%0.9%1.2%

Where profit came from

Pre-provision profit ₹1,751 Cr (+29.2% YoY); provisions ₹451 Cr (+16.4% YoY).

Net profit +33.3% YoY.

Against its own trend ?

TrendActualGap
NII₹2,140₹2,305 +7.7% above
Net profit₹664₹966 +45.4% above
📊 Investor presentation (31 Jul) Detailed financials →

Vedanta Limited

VEDL · Mining & Minerals · Q3 FY26 · Consolidated
M Cap
₹1,03,438 Cr
P/E
3.6
PEG
—
  • Profit +24% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -40.3%-41.4% 23,36939,86839,115
Operating profit -38.2%-39.8% 6,86611,39611,104
OPM % +99 bps+80 bps 29.4%28.6%28.4%
Other income -27.6%from loss 492-1,471680
Net profit? +60.1%+124.4% 7,8073,4794,876
PAT margin % +2094 bps+2468 bps 33.4%8.7%12.5%
EPS (₹) +60.8%+217.8% 14.624.609.09

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹4,746 Cr: core business ₹4,453 Cr, other income ₹492 Cr, exceptional & other items −₹199 Cr.

Core profit YoY: -25.5% · reported profit +60.1%

Cash & debt

FY25 cash from operations ₹39,562 Cr: 193% of FY25 net profit of ₹20,535 Cr.

Borrowings ₹91,479 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹42,516₹23,369 -45.0% below
Net profit₹6,278₹7,807 +24.4% above
📊 Investor presentation (30 Jul) Detailed financials →

JINDAL STEEL LIMITED

JINDALSTEL · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹1,03,021 Cr
P/E
38.0
PEG
38.03
  • Profit -73% below its own trend
  • Operating margin contracted 561 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.6%+11.3% 13,02711,70811,777
Operating profit -23.6%-22.5% 1,6292,1032,133
OPM % -561 bps-546 bps 12.5%18.0%18.1%
Other income to lossto loss -45.022.077.0
Net profit? -80.1%-70.2% 189635951
PAT margin % -662 bps-397 bps 1.5%5.4%8.1%
EPS (₹) -79.9%-70.1% 1.876.269.32

Quality of profit

Pre-tax profit ₹339 Cr: core business ₹384 Cr, other income −₹45.0 Cr.

Core profit YoY: -65.8% · reported profit -80.1%

Cash & debt

FY25 cash from operations ₹10,824 Cr: 380% of FY25 net profit of ₹2,845 Cr.

Borrowings ₹18,406 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹11,683₹13,027 +11.5% above
Net profit₹702₹189 -73.1% below
📊 Investor presentation (24 Jul) Detailed financials →

The Indian Hotels Company Limited

INDHOTEL · Hotels & Resorts · Q3 FY26 · Consolidated
M Cap
₹1,02,926 Cr
P/E
44.6
PEG
2.03
  • Profit +18% above its own trend
  • 28% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹276 Cr in the quarter
  • Profit grew faster than the core business (core profit +12%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.2%+39.3% 2,8422,0412,533
Operating profit +11.9%+88.7% 1,076570962
OPM % -11 bps+992 bps 37.9%27.9%38.0%
Other income -0.7%-30.1% 58.383.458.7
Net profit? +50.9%+199.8% 954318633
PAT margin % +861 bps+1798 bps 33.6%15.6%25.0%
EPS (₹) +55.3%+217.5% 6.352.004.09

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹1,203 Cr: core business ₹870 Cr, other income ₹58.3 Cr, exceptional & other items ₹276 Cr.

Core profit YoY: +12.2% · reported profit +50.9%

Cash & debt

FY25 cash from operations ₹2,194 Cr: 108% of FY25 net profit of ₹2,038 Cr.

Borrowings ₹3,084 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,246₹2,842 -12.4% below
Net profit₹806₹954 +18.4% above
📊 Investor presentation (24 Aug) Detailed financials →

Dr. Reddy's Laboratories Limited

DRREDDY · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹1,02,408 Cr
P/E
31.3
PEG
—
  • Profit -19% below its own trend
  • Operating margin expanded 2169 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -48.8%-51.4% 4,2838,8058,359
Operating profit +0.9%+7.8% 1,8881,7511,872
OPM % +2169 bps+2419 bps 44.1%19.9%22.4%
Other income +222.6%+55.4% 27117484.0
Net profit? -15.2%-16.6% 1,1901,4271,404
PAT margin % +1099 bps+1158 bps 27.8%16.2%16.8%
EPS (₹) -14.5%-16.0% 14.5017.2616.96

Quality of profit

Pre-tax profit ₹104 Cr: core business ₹1,326 Cr, other income ₹271 Cr, exceptional & other items −₹1,492 Cr.

Core profit YoY: +0.5% · reported profit -15.2%

Cash & debt

FY25 cash from operations ₹4,643 Cr: 81% of FY25 net profit of ₹5,725 Cr.

Borrowings ₹4,677 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹9,496₹4,283 -54.9% below
Net profit₹1,461₹1,190 -18.5% below
📊 Investor presentation (22 Jul) Detailed financials →

Lloyds Metals And Energy Limited

LLOYDSME · Mining & Minerals · Q3 FY26 · Consolidated
M Cap
₹1,01,761 Cr
P/E
20.7
PEG
0.34
  • Profit +141% above its own trend
  • Operating margin expanded 276 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +201.9%+38.5% 5,0583,6511,675
Operating profit +228.0%+68.7% 1,7591,043536
OPM % +276 bps+621 bps 34.8%28.6%32.0%
Other income +439.6%+76.8% 97.255.018.0
Net profit? +179.9%+92.2% 1,090567389
PAT margin % -170 bps+601 bps 21.5%15.5%23.2%
EPS (₹) +163.2%+82.8% 19.8710.877.55

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹1,517 Cr: core business ₹1,421 Cr, other income ₹97.2 Cr, exceptional & other items −₹2.0 Cr.

Core profit YoY: +180.9% · reported profit +179.9%

Cash & debt

FY25 cash from operations ₹1,207 Cr: 83% of FY25 net profit of ₹1,450 Cr.

Borrowings ₹1,073 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,560₹5,058 +224.2% above
Net profit₹453₹1,090 +140.7% above
📊 Investor presentation (10 Aug) Detailed financials →

Marico Limited

MARICO · Edible Oils · Q3 FY26 · Consolidated
M Cap
₹1,01,554 Cr
P/E
56.0
PEG
5.09
  • Operating margin contracted 234 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +26.6%+1.6% 3,5373,4822,794
Operating profit +11.1%+5.7% 592560533
OPM % -234 bps+65 bps 16.7%16.1%19.1%
Other income -7.1%-20.4% 39.049.042.0
Net profit? +13.3%+6.5% 460432406
PAT margin % -153 bps+60 bps 13.0%12.4%14.5%
EPS (₹) +12.0%+6.5% 3.453.243.08

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹567 Cr: core business ₹528 Cr, other income ₹39.0 Cr.

Core profit YoY: +10.9% · reported profit +13.3%

Cash & debt

FY25 cash from operations ₹1,363 Cr: 91% of FY25 net profit of ₹1,495 Cr.

Borrowings ₹554 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,500₹3,537 +1.1% in line
Net profit₹432₹460 +6.4% in line
📊 Investor presentation (13 Feb) Detailed financials →

Indian Railway Finance Corporation Limited

IRFC · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹1,01,281 Cr
P/E
14.1
PEG
4.70
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income -0.7%+5.5% 6,7196,3726,766
Net interest income +10.8%+1.2% 1,8491,8271,668
Other income —— 58.10.03.0
Operating profit (pre-provision) +14.1%+4.5% 1,8611,7811,631
Provisions —— 59.14.00.5
Net profit +10.5%+1.4% 1,8021,7771,631
EPS (₹) +10.4%+1.5% 1.381.361.25
Cost-to-income % +0 bps-14 bps 2.4%2.5%2.4%

Where profit came from

Pre-provision profit ₹1,861 Cr (+14.1% YoY); provisions ₹59.1 Cr.

Net profit +10.5% YoY.

Against its own trend ?

TrendActualGap
NII₹1,770₹1,849 +4.5% in line
Net profit₹1,727₹1,802 +4.3% in line
Detailed financials →

Mankind Pharma Limited

MANKIND · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹99,131 Cr
P/E
48.0
PEG
2.82
  • Profit +30% above its own trend
  • Exceptional items of ₹107 Cr in the quarter
  • Core business grew faster than reported profit (core profit +30%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.4%-3.5% 3,5673,6973,230
Operating profit +10.8%-0.2% 919921830
OPM % +8 bps+85 bps 25.8%24.9%25.7%
Other income -1.8%-17.3% 76.091.977.3
Net profit? +7.6%-20.4% 414520385
PAT margin % -30 bps-247 bps 11.6%14.1%11.9%
EPS (₹) +4.8%-20.1% 9.9012.399.45

Quality of profit

Pre-tax profit ₹509 Cr: core business ₹540 Cr, other income ₹76.0 Cr, exceptional & other items −₹107 Cr.

Core profit YoY: +29.5% · reported profit +7.6%

Cash & debt

FY25 cash from operations ₹2,413 Cr: 120% of FY25 net profit of ₹2,011 Cr.

Borrowings ₹8,511 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,994₹3,567 -10.7% below
Net profit₹318₹414 +30.1% above
📊 Investor presentation (30 Jul) Detailed financials →

Indus Towers Limited

INDUSTOWER · Electrical Equipment · Q3 FY26 · Standalone
M Cap
₹99,067 Cr
P/E
13.9
PEG
0.28
  • Profit -52% below its own trend
  • Operating margin contracted 3733 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +7.9%-0.5% 8,1468,1887,547
Operating profit -35.8%-2.3% 4,4654,5686,954
OPM % -3733 bps-98 bps 54.8%55.8%92.1%
Other income +83.3%+85.5% 15483.084.0
Net profit -55.6%-3.4% 1,7741,8373,997
PAT margin % -3118 bps-65 bps 21.8%22.4%53.0%
EPS (₹) -55.7%-3.3% 6.736.9615.18

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹2,418 Cr: core business ₹2,264 Cr, other income ₹154 Cr.

Core profit YoY: -55.9% · reported profit -55.6%

Cash & debt

FY25 cash from operations ₹19,638 Cr: 198% of FY25 net profit of ₹9,924 Cr.

Borrowings ₹21,156 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8,172₹8,146 -0.3% in line
Net profit₹3,718₹1,774 -52.3% below
Detailed financials →

Hero MotoCorp Limited

HEROMOTOCO · Two & Three Wheelers · Q3 FY26 · Consolidated
M Cap
₹98,810 Cr
P/E
17.1
PEG
0.59
  • Exceptional items of ₹119 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +21.7%+2.2% 12,48712,21810,260
Operating profit +22.5%-1.0% 1,8461,8641,508
OPM % +9 bps-47 bps 14.8%15.3%14.7%
Other income -5.3%-15.5% 203240215
Net profit? +15.0%-3.5% 1,2751,3211,108
PAT margin % -59 bps-60 bps 10.2%10.8%10.8%
EPS (₹) +14.4%-3.1% 63.3665.4155.38

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹1,692 Cr: core business ₹1,608 Cr, other income ₹203 Cr, exceptional & other items −₹119 Cr.

Core profit YoY: +25.4% · reported profit +15.0%

Cash & debt

FY25 cash from operations ₹4,297 Cr: 98% of FY25 net profit of ₹4,376 Cr.

Borrowings ₹700 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹10,696₹12,487 +16.7% above
Net profit₹1,373₹1,275 -7.1% in line
📊 Investor presentation (07 Aug) Detailed financials →

Aurobindo Pharma Limited

AUROPHARMA · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹98,211 Cr
P/E
26.5
PEG
1.15
  • Profit +14% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.4%+4.3% 8,6468,2867,979
Operating profit +12.4%+5.7% 1,7731,6781,578
OPM % +73 bps+26 bps 20.5%20.3%19.8%
Other income +19.3%+55.6% 188121157
Net profit? +7.6%+7.3% 910848846
PAT margin % -8 bps+29 bps 10.5%10.2%10.6%
EPS (₹) +7.6%+7.3% 15.6714.6114.56

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹1,339 Cr: core business ₹1,216 Cr, other income ₹188 Cr, exceptional & other items −₹65.0 Cr.

Core profit YoY: +16.8% · reported profit +7.6%

Cash & debt

FY25 cash from operations ₹3,925 Cr: 113% of FY25 net profit of ₹3,484 Cr.

Borrowings ₹8,263 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8,569₹8,646 +0.9% in line
Net profit₹801₹910 +13.6% above
📊 Investor presentation (05 Aug) Detailed financials →

HDFC Asset Management Company Limited

HDFCAMC · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹98,185 Cr
P/E
—
PEG
—
₹ CrYoY Dec 2025Dec 2024
Total income +20.1% 1,2341,028
Operating profit (pre-provision) +20.7% 1,014840
Net profit? +20.0% 769641
EPS (₹) +19.7% 17.97adj. 15.01

EPS restated for the 1:1 bonus of Nov 2025: Dec 2024 ₹30.02 to ₹15.01.

Where profit came from

Pre-provision profit ₹1,014 Cr (+20.7% YoY).

Net profit +20.0% YoY.

Against its own trend ?

TrendActualGap
Total income₹1,299₹1,234 -5.0% in line
Net profit₹819₹769 -6.0% in line
📊 Investor presentation (15 Jul) Detailed financials →

FSN E-Commerce Ventures Limited

NYKAA · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹97,419 Cr
P/E
375.0
PEG
3.07
  • Profit +37% above its own trend
  • Operating margin expanded 196 bps YoY
  • 61% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-16.4 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +26.7%+22.5% 2,8732,3462,267
Operating profit +110.9%+89.3% 14174.666.9
OPM % +196 bps+173 bps 4.9%3.2%3.0%
Other income —-33.5% 1.92.80.1
Net profit? +161.5%+106.1% 68.033.026.0
PAT margin % +122 bps+96 bps 2.4%1.4%1.1%
EPS (₹) +144.4%+83.3% 0.220.120.09

Quality of profit

Core 39%Other income & one-offs 61%

Pre-tax profit ₹110 Cr: core business ₹43.1 Cr, other income ₹1.9 Cr, exceptional & other items ₹64.6 Cr.

Core profit YoY: from loss · reported profit +161.5%

Cash & debt

FY25 cash from operations ₹467 Cr: 649% of FY25 net profit of ₹72.0 Cr.

Borrowings ₹1,321 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,820₹2,873 +1.9% in line
Net profit₹49.7₹68.0 +36.7% above
📊 Investor presentation (04 Aug) Detailed financials →

United Spirits Limited

UNITDSPR · Breweries & Distilleries · Q3 FY26 · Consolidated
M Cap
₹95,836 Cr
P/E
50.9
PEG
2.21
  • Profit +22% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +7.5%+16.3% 3,6913,1733,433
Operating profit +5.5%-9.2% 599660568
OPM % -32 bps-457 bps 16.2%20.8%16.5%
Other income -29.2%-37.0% 51.081.072.0
Net profit? +24.8%-9.9% 418464335
PAT margin % +157 bps-330 bps 11.3%14.6%9.8%
EPS (₹) +24.6%-10.0% 5.886.534.72

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹541 Cr: core business ₹500 Cr, other income ₹51.0 Cr, exceptional & other items −₹10.0 Cr.

Core profit YoY: +5.0% · reported profit +24.8%

Cash & debt

FY25 cash from operations ₹1,947 Cr: 123% of FY25 net profit of ₹1,582 Cr.

Borrowings ₹480 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,659₹3,691 +0.9% in line
Net profit₹344₹418 +21.6% above
📊 Investor presentation (15 May) Detailed financials →

Indiamart Intermesh Limited

INDIAMART · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹95,759 Cr
P/E
194.2
PEG
10.22
  • Profit +10% above its own trend
  • Operating margin contracted 562 bps YoY
  • 49% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -2%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.4%+2.7% 402391354
Operating profit -3.0%+3.5% 134130138
OPM % -562 bps+24 bps 33.4%33.2%39.0%
Other income +201.6%— 13510.244.9
Net profit? +55.6%+127.7% 18882.7121
PAT margin % +1274 bps+2574 bps 46.9%21.2%34.2%
EPS (₹) +55.5%+127.8% 31.3713.7720.18

Quality of profit

Core 51%Other income & one-offs 49%

Pre-tax profit ₹247 Cr: core business ₹126 Cr, other income ₹135 Cr, exceptional & other items −₹14.6 Cr.

Core profit YoY: -1.6% · reported profit +55.6%

Cash & debt

FY25 cash from operations ₹623 Cr: 68% of FY25 net profit of ₹921 Cr.

Borrowings ₹33.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹405₹402 -0.7% in line
Net profit₹171₹188 +10.2% above
📊 Investor presentation (21 Jul) Detailed financials →

TATA CONSUMER PRODUCTS LIMITED

TATACONSUM · Tea & Coffee · Q3 FY26 · Consolidated
M Cap
₹94,891 Cr
P/E
57.1
PEG
4.39
  • Operating margin expanded 139 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +15.0%+2.9% 5,1124,9664,444
Operating profit +27.6%+23.8% 721582565
OPM % +139 bps+237 bps 14.1%11.7%12.7%
Other income -77.8%-71.0% 10.034.545.0
Net profit? +36.5%-5.4% 385407282
PAT margin % +119 bps-66 bps 7.5%8.2%6.3%
EPS (₹) +37.9%-4.9% 3.894.092.82

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹540 Cr: core business ₹530 Cr, other income ₹10.0 Cr.

Core profit YoY: +48.5% · reported profit +36.5%

Cash & debt

FY25 cash from operations ₹2,057 Cr: 173% of FY25 net profit of ₹1,186 Cr.

Borrowings ₹2,393 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,226₹5,112 -2.2% in line
Net profit₹388₹385 -0.9% in line
📊 Investor presentation (24 Jul) Detailed financials →

How to read this page

The numbers. Each card is one company's Q3 FY26 results as filed with NSE or BSE, read from the filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months). A swing between profit and loss is described in words: a percentage across it would mislead.

Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter, before minority interest. A company's own headline, and the AI read of its filing, often quote the profit attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two are the same.

Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income, as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points (100 bps = 1 percentage point).

Quality of profit. Core profit is operating profit minus interest and depreciation: what the business itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more, and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net profit, since a fall in provisions can lift profit without the business growing.

Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead each company is measured against the path it was on: the same quarter last year, grown at the median of its last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales 5% or more above that, or net profit 10% or more above, is "above trend"; as far below is "below trend". It answers "was this quarter better or worse than the company's own recent run?", which consensus does not.

Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show its operating cash flow for the last financial year as a share of that year's net profit (flagged under 50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet against the one six months earlier (flagged at a 25% move). Balance sheets come with the September and March results, cash-flow statements with the March results.

Price since results. The latest close against the last close before the filing (a filing after 3:30 pm counts from the next session). It is a fact about the market's reaction, not advice.

Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150 (SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.

Results calendarWho reports results today, tomorrow and this week. Strong quarterly resultsCompanies whose latest quarter showed profit up 30% or more. Live announcementsEvery NSE/BSE filing with an AI read, as it arrives. Company fundamentalsTen years of quarterly and annual financials.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI