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 14 Oct 2026, 04:52 IST 4316 declared
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

Latest Q3 FY26 results 4316

Page 43 of 144

Gujarat Kidney And Super Speciality Limited

GKSL · Hospitals & Healthcare Services · Q3 FY26 · Standalone
M Cap
₹1,465 Cr
P/E
—
PEG
—
₹ Cr Dec 2025
Sales 12.9
Operating profit 5.1
OPM % 39.6%
Other income 0.1
Net profit 2.9
PAT margin % 22.2%

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

Core 98%Other income & one-offs 2%

Pre-tax profit ₹4.0 Cr: core business ₹3.9 Cr, other income ₹0.1 Cr.

Detailed financials →

Capacit'e Infraprojects Limited

CAPACITE · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹1,464 Cr
P/E
7.9
PEG
0.32
  • Profit -11% below its own trend
  • Core business grew faster than reported profit (core profit +52%)
  • FY25 operating cash flow was only 26% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +14.4%+4.5% 675646590
Operating profit +20.0%+0.0% 10810890.0
OPM % +75 bps-72 bps 16.0%16.7%15.3%
Other income -69.6%+16.7% 7.06.023.0
Net profit? -3.8%-2.0% 50.051.052.0
PAT margin % -141 bps-49 bps 7.4%7.9%8.8%
EPS (₹) -3.9%+1.9% 5.915.806.15

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹68.0 Cr: core business ₹61.0 Cr, other income ₹7.0 Cr.

Core profit YoY: +52.5% · reported profit -3.8%

Cash & debt

FY25 cash from operations ₹52.0 Cr: 26% of FY25 net profit of ₹203 Cr.

Borrowings ₹426 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹692₹675 -2.5% in line
Net profit₹56.0₹50.0 -10.7% below
📊 Investor presentation (07 Aug) Detailed financials →

Summit Securities Limited

SUMMITSEC · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,462 Cr
P/E
12.2
PEG
0.30
  • Turnaround: profit against a loss a year ago
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —-81.7% 22.01201.0
Operating profit from loss-83.1% 20.0118-6.0
OPM % —-742 bps 90.9%98.3%—
Other income —— 0.00.00.0
Net profit? from loss-81.3% 17.091.0-5.0
PAT margin % —+144 bps 77.3%75.8%—
EPS (₹) from loss-81.2% 15.6183.16-4.46

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹20.0 Cr: core business ₹20.0 Cr, other income ₹0.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹74.0 Cr: 109% of FY25 net profit of ₹68.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.8₹22.0 +999.0% above
Detailed financials →

India Pesticides Limited

IPL · Pesticides & Agrochemicals · Q3 FY26 · Consolidated
M Cap
₹1,460 Cr
P/E
13.5
PEG
—
  • Operating margin expanded 119 bps YoY
  • FY25 operating cash flow was only 4% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +30.8%-22.5% 225290172
Operating profit +40.7%-22.1% 38.048.827.0
OPM % +119 bps+9 bps 16.9%16.8%15.7%
Other income +0.0%-37.4% 3.04.83.0
Net profit? +43.8%-27.2% 23.031.616.0
PAT margin % +92 bps-66 bps 10.2%10.9%9.3%
EPS (₹) +40.7%-28.1% 1.972.741.40

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹34.0 Cr: core business ₹31.0 Cr, other income ₹3.0 Cr.

Core profit YoY: +47.6% · reported profit +43.8%

Cash & debt

FY25 cash from operations ₹3.0 Cr: 4% of FY25 net profit of ₹83.5 Cr.

Borrowings ₹60.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹216₹225 +4.0% in line
Net profit₹24.1₹23.0 -4.4% in line
📊 Investor presentation (02 Aug) Detailed financials →

Manali Petrochemicals Limited

MANALIPETC · Petrochemicals · Q3 FY26 · Consolidated
M Cap
₹1,452 Cr
P/E
8.1
PEG
0.67
  • Profit +580% above its own trend
  • 97% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +26.0%-0.4% 247248196
Operating profit +7.7%-31.0% 14.020.313.0
OPM % -96 bps-252 bps 5.7%8.2%6.6%
Other income —+450.4% 71.012.94.0
Net profit? —+274.7% 68.018.15.0
PAT margin % +2498 bps+2021 bps 27.5%7.3%2.6%
EPS (₹) —+275.5% 3.981.060.31

Quality of profit

Core 3%Other income & one-offs 97%

Pre-tax profit ₹72.0 Cr: core business ₹2.0 Cr, other income ₹71.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -33.3%

Cash & debt

FY25 cash from operations −₹19.0 Cr: -89% of FY25 net profit of ₹21.3 Cr.

Borrowings ₹129 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹190₹247 +30.2% above
Net profit₹10.0₹68.0 +580.0% above
Detailed financials →

Hi-Tech Pipes Limited

HITECH · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹1,452 Cr
P/E
19.2
PEG
0.92
  • Profit -27% below its own trend
  • Operating margin contracted 137 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +40.5%+24.5% 1,070859761
Operating profit +4.1%-4.8% 41.944.040.2
OPM % -137 bps-121 bps 3.9%5.1%5.3%
Other income -33.7%-74.6% 0.31.00.4
Net profit? -9.2%-13.1% 17.420.019.1
PAT margin % -89 bps-70 bps 1.6%2.3%2.5%
EPS (₹) -22.2%-16.0% 0.841.001.08

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹23.2 Cr: core business ₹23.0 Cr, other income ₹0.3 Cr.

Core profit YoY: -8.9% · reported profit -9.2%

Cash & debt

FY25 cash from operations ₹70.0 Cr: 96% of FY25 net profit of ₹73.2 Cr.

Borrowings ₹192 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹870₹1,070 +23.0% above
Net profit₹23.9₹17.4 -27.2% below
📊 Investor presentation (12 Aug) Detailed financials →

ANDHRA PAPER LIMITED

ANDHRAPAP · Paper · Q3 FY26 · Consolidated
M Cap
₹1,449 Cr
P/E
53.1
PEG
—
  • Operating margin contracted 366 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoY Dec 2025Dec 2024
Sales +8.6% 419386
Operating profit -45.6% 15.428.3
OPM % -366 bps 3.7%7.3%
Other income +87.8% 28.715.3
Net profit? -15.5% 9.811.6
PAT margin % -67 bps 2.4%3.0%
EPS (₹) -15.3% 0.500.59

Quality of profit

Pre-tax profit ₹12.2 Cr: core business −₹16.5 Cr, other income ₹28.7 Cr.

Core profit YoY: to loss · reported profit -15.5%

Detailed financials →

TTK Healthcare Limited

TTKHLTCARE · Diversified Conglomerates · Q3 FY26 · Standalone
M Cap
₹1,449 Cr
P/E
22.0
PEG
—
  • Profit -37% below its own trend
  • 71% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +2.0%+2.5% 209204205
Operating profit -12.5%+40.0% 7.05.08.0
OPM % -55 bps+90 bps 3.3%2.5%3.9%
Other income -44.4%-47.4% 10.019.018.0
Net profit -35.3%-45.0% 11.020.017.0
PAT margin % -303 bps-454 bps 5.3%9.8%8.3%
EPS (₹) -37.1%-48.4% 7.4514.4311.84

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹14.0 Cr: core business ₹4.0 Cr, other income ₹10.0 Cr.

Core profit YoY: -20.0% · reported profit -35.3%

Cash & debt

FY25 cash from operations −₹4.0 Cr: -5% of FY25 net profit of ₹82.0 Cr.

Borrowings ₹24.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹219₹209 -4.6% in line
Net profit₹17.6₹11.0 -37.3% below
Detailed financials →

Hindware Home Innovation Limited

HINDWAREAP · Ceramics, Tiles & Sanitaryware · Q3 FY26 · Consolidated
M Cap
₹1,437 Cr
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 258 bps YoY
  • 56% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +7.7%-5.4% 640676594
Operating profit +63.8%-14.6% 48.256.429.4
OPM % +258 bps-82 bps 7.5%8.3%4.9%
Other income -57.9%-11.2% 3.43.88.1
Net profit? from loss-28.6% 3.65.0-17.8
PAT margin % +355 bps-18 bps 0.6%0.7%-3.0%
EPS (₹) from loss-28.8% 0.420.59-2.28

Quality of profit

Core 44%Other income & one-offs 56%

Pre-tax profit ₹6.0 Cr: core business ₹2.6 Cr, other income ₹3.4 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹192 Cr.

Borrowings ₹889 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹532₹640 +20.3% above
📊 Investor presentation (12 Aug) Detailed financials →

Walchandnagar Industries Limited

WALCHANNAG · Engineering & Capital Goods · Q3 FY26 · Standalone
M Cap
₹1,432 Cr
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 2852 bps YoY
  • 36% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +37.0%+56.3% 81.051.859.1
Operating profit from lossfrom loss 15.3-3.0-5.7
OPM % +2852 bps+2477 bps 18.9%-5.9%-9.6%
Other income -48.8%-53.3% 1.73.63.3
Net profit from lossfrom loss 4.7-11.9-17.1
PAT margin % +3476 bps+2874 bps 5.8%-23.0%-29.0%
EPS (₹) from lossfrom loss 0.69-1.76-3.09

Quality of profit

Core 64%Other income & one-offs 36%

Pre-tax profit ₹4.7 Cr: core business ₹3.0 Cr, other income ₹1.7 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹16.0 Cr.

Borrowings ₹194 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹41.0₹81.0 +97.6% above
Detailed financials →

Rajputana Stainless Limited

RSL · Iron & Steel · Q3 FY26 · Standalone
M Cap
₹1,428 Cr
P/E
24.5
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales -7.0% 251270
Operating profit -8.0% 23.025.0
OPM % -10 bps 9.2%9.3%
Other income — 0.00.0
Net profit -7.7% 12.013.0
PAT margin % -3 bps 4.8%4.8%
EPS (₹) -6.8% 1.791.92

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹17.0 Cr: core business ₹16.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.

Detailed financials →

Uttam Sugar Mills Limited

UTTAMSUGAR · Sugar · Q3 FY26 · Consolidated
M Cap
₹1,427 Cr
P/E
16.4
PEG
—
  • Profit -34% below its own trend
  • Operating margin contracted 318 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +22.6%-10.4% 521582425
Operating profit -5.0%+148.6% 57.022.960.0
OPM % -318 bps+700 bps 10.9%3.9%14.1%
Other income +100.0%-39.0% 2.03.31.0
Net profit? +0.0%— 30.01.030.0
PAT margin % -130 bps+559 bps 5.8%0.2%7.1%
EPS (₹) -3.9%— 7.860.268.18

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹41.0 Cr: core business ₹38.0 Cr, other income ₹2.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -2.6% · reported profit +0.0%

Cash & debt

FY25 cash from operations ₹102 Cr: 118% of FY25 net profit of ₹86.5 Cr.

Borrowings ₹833 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹553₹521 -5.9% below
Net profit₹45.8₹30.0 -34.4% below
Detailed financials →

IKIO Technologies Limited

IKIO · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹1,423 Cr
P/E
28.0
PEG
—
  • Profit +176% above its own trend
  • Operating margin expanded 280 bps YoY
  • Core business grew faster than reported profit (core profit +113%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +19.8%-11.2% 146164122
Operating profit +47.2%+21.6% 21.918.014.9
OPM % +280 bps+406 bps 15.0%11.0%12.2%
Other income -22.5%-26.0% 3.04.03.8
Net profit? +38.0%-2.1% 10.811.07.8
PAT margin % +98 bps+69 bps 7.4%6.7%6.4%
EPS (₹) +37.6%+6.9% 1.391.301.01

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹14.8 Cr: core business ₹11.8 Cr, other income ₹3.0 Cr.

Core profit YoY: +112.9% · reported profit +38.0%

Cash & debt

FY25 cash from operations ₹35.0 Cr: 108% of FY25 net profit of ₹32.4 Cr.

Borrowings ₹53.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹135₹146 +7.7% above
Net profit₹3.9₹10.8 +176.1% above
📊 Investor presentation (11 Aug) Detailed financials →

Magellanic Cloud Limited

MCLOUD · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹1,420 Cr
P/E
12.9
PEG
0.80
  • Operating margin contracted 477 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.6%-0.5% 164165151
Operating profit -5.4%-1.6% 53.053.956.0
OPM % -477 bps-37 bps 32.3%32.7%37.1%
Other income —to loss -1.01.40.0
Net profit? +0.0%+5.0% 29.027.629.0
PAT margin % -152 bps+93 bps 17.7%16.8%19.2%
EPS (₹) +0.0%+4.2% 0.500.480.50

Quality of profit

Pre-tax profit ₹33.0 Cr: core business ₹34.0 Cr, other income −₹1.0 Cr.

Core profit YoY: -12.8% · reported profit +0.0%

Cash & debt

FY25 cash from operations ₹143 Cr: 138% of FY25 net profit of ₹103 Cr.

Borrowings ₹257 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹173₹164 -5.2% below
Net profit₹31.4₹29.0 -7.7% in line
Detailed financials →

Shalby Limited

SHALBY · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹1,420 Cr
P/E
38.3
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin contracted 118 bps YoY
  • 78% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.3%-4.7% 272285276
Operating profit -10.8%-27.3% 30.341.633.9
OPM % -118 bps-346 bps 11.1%14.6%12.3%
Other income +33.4%+61.5% 7.24.55.4
Net profit? from loss-82.4% 1.37.3-3.0
PAT margin % +156 bps-208 bps 0.5%2.5%-1.1%
EPS (₹) from loss-82.4% 0.120.68-0.28

Quality of profit

Core 22%Other income & one-offs 78%

Pre-tax profit ₹9.2 Cr: core business ₹2.0 Cr, other income ₹7.2 Cr.

Core profit YoY: -71.1%

Cash & debt

FY25 cash from operations −₹4.0 Cr: -208% of FY25 net profit of ₹1.9 Cr.

Borrowings ₹476 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹297₹272 -8.3% below
📊 Investor presentation (12 Aug) Detailed financials →

Bhartiya International Limited

BIL · Footwear & Leather · Q3 FY26 · Consolidated
M Cap
₹1,415 Cr
P/E
55.2
PEG
—
  • Turnaround: profit against a loss a year ago
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +39.2%-8.4% 366399263
Operating profit +48.9%-28.5% 28.740.119.3
OPM % +51 bps-220 bps 7.8%10.0%7.3%
Other income -36.4%+179.4% 0.70.31.1
Net profit? from loss-32.6% 6.79.9-1.5
PAT margin % +241 bps-66 bps 1.8%2.5%-0.6%
EPS (₹) from loss-33.1% 5.097.61-1.24

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹10.4 Cr: core business ₹9.6 Cr, other income ₹0.7 Cr.

Core profit YoY: +904.3%

Cash & debt

FY25 cash from operations ₹44.0 Cr: 281% of FY25 net profit of ₹15.6 Cr.

Borrowings ₹479 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹351₹366 +4.3% in line
Detailed financials →

Alicon Castalloy Limited

ALICON · Castings & Forgings · Q3 FY26 · Consolidated
M Cap
₹1,414 Cr
P/E
38.7
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 246 bps YoY
  • Exceptional items of ₹5.0 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +21.3%+0.4% 430428355
Operating profit +57.1%-15.2% 46.454.829.6
OPM % +246 bps-199 bps 10.8%12.8%8.3%
Other income -11.2%+0.5% 0.70.70.8
Net profit? from loss-76.3% 3.313.9-1.1
PAT margin % +106 bps-248 bps 0.8%3.2%-0.3%
EPS (₹) from loss-76.2% 2.028.50-0.65

Quality of profit

Pre-tax profit ₹5.6 Cr: core business ₹9.9 Cr, other income ₹0.7 Cr, exceptional & other items −₹5.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹204 Cr: 461% of FY25 net profit of ₹44.2 Cr.

Borrowings ₹366 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹346₹430 +24.2% above
📊 Investor presentation (13 Aug) Detailed financials →

Chaman Lal Setia Exports Limited

CLSEL · Packaged Foods & Food Processing · Q3 FY26 · Standalone
M Cap
₹1,414 Cr
P/E
11.3
PEG
—
  • Profit +45% above its own trend
  • Operating margin expanded 186 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +9.0%+57.9% 431273395
Operating profit +29.3%+110.5% 51.124.339.5
OPM % +186 bps+296 bps 11.9%8.9%10.0%
Other income -76.1%-82.7% 0.73.82.8
Net profit +23.9%+89.9% 35.918.929.0
PAT margin % +100 bps+140 bps 8.3%6.9%7.3%
EPS (₹) +24.2%+90.0% 7.243.815.83

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹48.4 Cr: core business ₹47.7 Cr, other income ₹0.7 Cr.

Core profit YoY: +32.8% · reported profit +23.9%

Cash & debt

FY25 cash from operations ₹73.0 Cr: 71% of FY25 net profit of ₹103 Cr.

Borrowings ₹123 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹357₹431 +20.8% above
Net profit₹24.7₹35.9 +45.2% above
📊 Investor presentation (07 Aug) Detailed financials →

Updater Services Limited

UDS · Commercial & Business Services · Q3 FY26 · Consolidated
M Cap
₹1,414 Cr
P/E
16.9
PEG
0.47
  • Profit -83% below its own trend
  • Operating margin contracted 396 bps YoY
  • Exceptional items of ₹-5.4 Cr in the quarter
  • FY25 operating cash flow was only 43% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.4%+5.2% 767729695
Operating profit -55.2%-34.5% 20.731.646.2
OPM % -396 bps-163 bps 2.7%4.3%6.7%
Other income -40.6%-39.1% 3.45.55.7
Net profit? -78.8%-66.6% 6.619.831.2
PAT margin % -362 bps-185 bps 0.9%2.7%4.5%
EPS (₹) -70.3%-53.7% 1.372.964.61

Quality of profit

Pre-tax profit ₹5.2 Cr: core business ₹7.2 Cr, other income ₹3.4 Cr, exceptional & other items −₹5.4 Cr.

Core profit YoY: -77.5% · reported profit -78.8%

Cash & debt

FY25 cash from operations ₹51.0 Cr: 43% of FY25 net profit of ₹119 Cr.

Borrowings ₹102 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹749₹767 +2.3% in line
Net profit₹39.7₹6.6 -83.3% below
📊 Investor presentation (30 Jul) Detailed financials →

Seshasayee Paper and Boards Limited

SESHAPAPER · Paper · Q3 FY26 · Consolidated
M Cap
₹1,410 Cr
P/E
—
PEG
—
  • Profit +124% above its own trend
  • Operating margin expanded 462 bps YoY
  • 55% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -10.3%+11.7% 387346431
Operating profit +223.4%-6.0% 24.726.37.6
OPM % +462 bps-121 bps 6.4%7.6%1.8%
Other income -50.2%-23.3% 10.213.320.6
Net profit? +11.8%-15.2% 19.022.417.0
PAT margin % +97 bps-156 bps 4.9%6.5%3.9%
EPS (₹) +12.1%-20.4% 2.963.722.64

Quality of profit

Core 45%Other income & one-offs 55%

Pre-tax profit ₹24.2 Cr: core business ₹10.9 Cr, other income ₹10.2 Cr, exceptional & other items ₹3.1 Cr.

Core profit YoY: from loss · reported profit +11.8%

Cash & debt

FY25 cash from operations −₹61.0 Cr: -56% of FY25 net profit of ₹109 Cr.

Borrowings ₹82.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹393₹387 -1.7% in line
Net profit₹8.5₹19.0 +123.5% above
Detailed financials →

Gala Precision Engineering Limited

GALAPREC · Fasteners · Q3 FY26 · Standalone
M Cap
₹1,406 Cr
P/E
38.4
PEG
1.16
  • Profit +19% above its own trend
  • Operating margin expanded 268 bps YoY
  • Core business grew faster than reported profit (core profit +100%)
  • FY25 operating cash flow was only 12% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +46.6%+19.0% 85.071.458.0
Operating profit +75.0%+26.8% 14.011.08.0
OPM % +268 bps+101 bps 16.5%15.5%13.8%
Other income -100.0%-100.0% 0.01.42.0
Net profit +60.0%-4.6% 8.08.45.0
PAT margin % +79 bps-234 bps 9.4%11.7%8.6%
EPS (₹) +55.8%-1.1% 6.536.604.19

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹11.0 Cr: core business ₹10.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +100.0% · reported profit +60.0%

Cash & debt

FY25 cash from operations ₹3.0 Cr: 12% of FY25 net profit of ₹26.0 Cr.

Borrowings ₹24.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹71.5₹85.0 +18.8% above
Net profit₹6.7₹8.0 +19.3% above
📊 Investor presentation (31 Aug) Detailed financials →

Asian Hotels (North) Limited

ASIANHOTNR · Hotels & Resorts · Q3 FY26 · Standalone
M Cap
₹1,395 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Operating margin contracted 1388 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +5.2%+18.2% 91.077.086.5
Operating profit -53.5%from loss 10.0-3.021.5
OPM % -1388 bps+1489 bps 11.0%-3.9%24.9%
Other income to lossloss narrowed -40.0-49.00.0
Net profit to lossloss narrowed -56.0-64.090.3
PAT margin % —+2158 bps -61.5%-83.1%—
EPS (₹) to lossloss narrowed -29.03-32.6646.42

Quality of profit

Pre-tax profit −₹56.0 Cr: core business −₹16.0 Cr, other income −₹40.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹437 Cr: 234% of FY25 net profit of ₹187 Cr.

Borrowings ₹550 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹96.3₹91.0 -5.5% below
Detailed financials →

Rhetan TMT Limited

RHETAN · Iron & Steel · Q3 FY26 · Standalone
M Cap
₹1,394 Cr
P/E
109.8
PEG
—
  • Profit +241% above its own trend
  • Operating margin expanded 391 bps YoY
  • 62% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +22%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -3.6%+29.2% 6.24.86.4
Operating profit +7.2%+117.3% 2.41.12.2
OPM % +391 bps+1575 bps 38.9%23.1%35.0%
Other income —+29.4% 3.22.50.0
Net profit +220.1%+55.1% 4.52.91.4
PAT margin % +5057 bps+1206 bps 72.4%60.3%21.8%
EPS (₹) +200.0%+50.0% 0.060.040.02

Quality of profit

Core 38%Other income & one-offs 62%

Pre-tax profit ₹5.1 Cr: core business ₹1.9 Cr, other income ₹3.2 Cr.

Core profit YoY: +21.7% · reported profit +220.1%

Against its own trend ?

TrendActualGap
Sales₹3.2₹6.2 +92.8% above
Net profit₹1.3₹4.5 +240.7% above
Detailed financials →

B. L. Kashyap and Sons Limited

BLKASHYAP · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹1,383 Cr
P/E
6397.4
PEG
—
  • Profit +999% above its own trend
  • Operating margin expanded 632 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +33.9%-8.8% 324355242
Operating profit +360.0%+41.0% 28.920.56.3
OPM % +632 bps+315 bps 8.9%5.8%2.6%
Other income -88.9%-49.4% 1.01.98.9
Net profit? +961.2%from loss 11.8-8.61.1
PAT margin % +319 bps+608 bps 3.7%-2.4%0.5%
EPS (₹) +940.0%from loss 0.52-0.380.05

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹15.8 Cr: core business ₹14.8 Cr, other income ₹1.0 Cr.

Core profit YoY: from loss · reported profit +961.2%

Cash & debt

FY25 cash from operations ₹76.0 Cr: 277% of FY25 net profit of ₹27.5 Cr.

Borrowings ₹316 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹220₹324 +46.9% above
Net profit₹0.6₹11.8 +999.0% above
📊 Investor presentation (12 Aug) Detailed financials →

K.P. Energy Limited

KPEL · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹1,383 Cr
P/E
7.6
PEG
0.12
  • Operating margin expanded 122 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +62.9%+14.7% 345301212
Operating profit +72.6%+13.4% 74.665.843.2
OPM % +122 bps-25 bps 21.6%21.9%20.4%
Other income +212.4%-7.2% 2.62.80.8
Net profit? +56.7%+15.0% 41.335.926.4
PAT margin % -47 bps+3 bps 12.0%12.0%12.5%
EPS (₹) +56.1%+15.3% 6.185.363.96

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹57.5 Cr: core business ₹54.9 Cr, other income ₹2.6 Cr.

Core profit YoY: +65.4% · reported profit +56.7%

Cash & debt

FY25 cash from operations ₹162 Cr: 140% of FY25 net profit of ₹115 Cr.

Borrowings ₹252 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹388₹345 -11.0% below
Net profit₹43.2₹41.3 -4.4% in line
📊 Investor presentation (30 Sep) Detailed financials →

Ceinsys Tech Limited

CEINSYS · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹1,377 Cr
P/E
10.4
PEG
—
  • Operating margin contracted 145 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +69.6%+4.3% 170163100
Operating profit +59.7%+10.9% 39.936.025.0
OPM % -145 bps+140 bps 23.5%22.1%24.9%
Other income +77.9%-14.5% 6.88.03.8
Net profit? +96.6%+49.5% 38.926.019.8
PAT margin % +314 bps+692 bps 22.9%16.0%19.7%
EPS (₹) +92.2%+51.0% 21.7914.4311.34

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹40.9 Cr: core business ₹35.2 Cr, other income ₹6.8 Cr, exceptional & other items −₹1.2 Cr.

Core profit YoY: +53.6% · reported profit +96.6%

Against its own trend ?

TrendActualGap
Sales₹182₹170 -6.6% below
Net profit₹39.5₹38.9 -1.7% in line
📊 Investor presentation (14 Aug) Detailed financials →

RIR Power Electronics Limited

RIR · Electrical Equipment · Q3 FY26 · Standalone
M Cap
₹1,373 Cr
P/E
169.2
PEG
—
  • 67% of pre-tax profit came from other income and one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales -20.9% 20.325.6
Operating profit -80.3% 0.94.4
OPM % -1280 bps 4.2%17.0%
Other income -36.4% 0.40.7
Net profit -86.0% 0.43.1
PAT margin % -1011 bps 2.2%12.3%
EPS (₹) -85.0% 0.060.40

Quality of profit

Core 33%Other income & one-offs 67%

Pre-tax profit ₹0.6 Cr: core business ₹0.2 Cr, other income ₹0.4 Cr.

Detailed financials →

Expleo Solutions Limited

EXPLEOSOL · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹1,368 Cr
P/E
9.9
PEG
—
  • Operating margin expanded 137 bps YoY
  • Exceptional items of ₹-16.8 Cr in the quarter
  • Core business grew faster than reported profit (core profit +47%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.3%-1.3% 279283258
Operating profit +18.1%-2.0% 46.147.039.0
OPM % +137 bps-12 bps 16.5%16.6%15.1%
Other income +246.3%-20.1% 10.413.03.0
Net profit? +10.6%-44.7% 22.140.020.0
PAT margin % +17 bps-621 bps 7.9%14.1%7.8%
EPS (₹) +11.8%-44.3% 14.2625.6212.75

Quality of profit

Pre-tax profit ₹31.9 Cr: core business ₹38.3 Cr, other income ₹10.4 Cr, exceptional & other items −₹16.8 Cr.

Core profit YoY: +47.5% · reported profit +10.6%

Cash & debt

FY25 cash from operations ₹179 Cr: 180% of FY25 net profit of ₹99.4 Cr.

Borrowings ₹30.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹266₹279 +5.0% in line
Net profit₹21.2₹22.1 +4.3% in line
📊 Investor presentation (14 Aug) Detailed financials →

Manaksia Coated Metals & Industries Limited

MANAKCOAT · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹1,362 Cr
P/E
33.4
PEG
0.36
  • Profit -27% below its own trend
  • Operating margin expanded 123 bps YoY
  • 31% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +69%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -8.9%-15.2% 187220205
Operating profit +7.1%-40.6% 15.526.114.5
OPM % +123 bps-356 bps 8.3%11.8%7.1%
Other income +8.3%-10.3% 3.03.42.8
Net profit? +46.7%-47.4% 7.314.05.0
PAT margin % +149 bps-241 bps 3.9%6.3%2.4%
EPS (₹) +10.4%-49.0% 0.741.450.67

Quality of profit

Core 69%Other income & one-offs 31%

Pre-tax profit ₹9.6 Cr: core business ₹6.6 Cr, other income ₹3.0 Cr.

Core profit YoY: +68.7% · reported profit +46.7%

Cash & debt

FY25 cash from operations ₹30.0 Cr: 195% of FY25 net profit of ₹15.4 Cr.

Borrowings ₹145 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹246₹187 -24.0% below
Net profit₹10.0₹7.3 -26.7% below
📊 Investor presentation (15 Jul) Detailed financials →

Dhanlaxmi Bank Limited

DHANBANK · Private Sector Banks · Q3 FY26 · Standalone
M Cap
₹1,361 Cr
P/E
11.8
PEG
0.42
  • Profit -40% below its own trend
  • Gross NPA down 117 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +21.0%+8.8% 456419377
Net interest income +19.4%+8.5% 154142129
Other income +16.7%+40.0% 49.035.042.0
Net profit +20.0%+4.3% 24.023.020.0
EPS (₹) +22.0%+3.4% 0.610.590.50
Gross NPA % -117 bps-74 bps 2.4%3.1%3.5%
Net NPA % +25 bps-1 bps 1.1%1.1%0.9%

Against its own trend ?

TrendActualGap
NII₹159₹154 -2.9% in line
Net profit₹40.0₹24.0 -40.0% below
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