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, 05:50 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 45 of 144

IZMO Limited

IZMO · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹1,242 Cr
P/E
22.9
PEG
0.69
  • Profit +143% above its own trend
  • Operating margin expanded 962 bps YoY
  • 25% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 8% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.6%-1.7% 59.060.058.7
Operating profit +69.1%-50.5% 14.028.38.3
OPM % +962 bps-2338 bps 23.7%47.1%14.1%
Other income +35.4%+808.5% 3.00.32.2
Net profit? +98.1%-7.7% 12.013.06.1
PAT margin % +1001 bps-133 bps 20.3%21.7%10.3%
EPS (₹) +92.1%-7.2% 7.828.434.07

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹12.0 Cr: core business ₹9.0 Cr, other income ₹3.0 Cr.

Core profit YoY: +112.6% · reported profit +98.1%

Cash & debt

FY25 cash from operations ₹4.0 Cr: 8% of FY25 net profit of ₹48.9 Cr.

Borrowings ₹12.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹69.3₹59.0 -14.8% below
Net profit₹4.9₹12.0 +143.3% above

MMP Industries Limited

MMP · Aluminium · Q3 FY26 · Consolidated
M Cap
₹1,237 Cr
P/E
25.3
PEG
1.15
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +20.4%+7.9% 203188168
Operating profit +13.9%+45.8% 18.913.016.6
OPM % -54 bps+243 bps 9.3%6.9%9.9%
Other income +52.8%-72.5% 0.52.00.4
Net profit? +11.7%+40.2% 9.87.08.8
PAT margin % -38 bps+112 bps 4.8%3.7%5.2%
EPS (₹) +11.6%+39.9% 3.862.763.46

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹13.1 Cr: core business ₹12.6 Cr, other income ₹0.5 Cr.

Core profit YoY: +10.4% · reported profit +11.7%

Cash & debt

FY25 cash from operations ₹57.0 Cr: 166% of FY25 net profit of ₹34.2 Cr.

Borrowings ₹156 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹210₹203 -3.4% in line
Net profit₹9.7₹9.8 +1.5% in line

S.A.L. Steel Limited

SALSTEEL · Iron & Steel · Q3 FY26 · Standalone
M Cap
₹1,236 Cr
P/E
99.4
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin contracted 760 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -98.9%-96.7% 2.265.7194
Operating profit to lossto loss -0.013.012.1
OPM % -760 bps-2110 bps -1.4%19.7%6.2%
Other income from loss— 16.10.0-4.2
Net profit from loss+77.7% 6.63.7-0.7
EPS (₹) from loss+38.6% 0.610.44-0.08

Quality of profit

Pre-tax profit ₹7.7 Cr: core business −₹8.4 Cr, other income ₹16.1 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹21.0 Cr.

Borrowings ₹178 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹193₹2.2 -98.9% below
M Cap
₹1,232 Cr
P/E
6.0
PEG
—
  • Profit +107% above its own trend
  • Operating margin expanded 105 bps YoY
  • Core business grew faster than reported profit (core profit +174%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +51.0%-5.3% 774817513
Operating profit +67.1%+9.3% 84.076.950.3
OPM % +105 bps+145 bps 10.9%9.4%9.8%
Other income +59.8%-53.0% 12.025.57.5
Net profit? +121.0%-11.8% 54.061.224.4
PAT margin % +221 bps-51 bps 7.0%7.5%4.8%
EPS (₹) +131.3%-11.6% 2.663.011.15

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹82.0 Cr: core business ₹69.0 Cr, other income ₹12.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +173.8% · reported profit +121.0%

Cash & debt

FY25 cash from operations −₹38.0 Cr: -27% of FY25 net profit of ₹142 Cr.

Borrowings ₹722 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹541₹774 +43.1% above
Net profit₹26.1₹54.0 +107.3% above

Capital Small Finance Bank Limited

CAPITALSFB · Private Sector Banks · Q3 FY26 · Standalone
M Cap
₹1,230 Cr
P/E
8.2
PEG
0.55
  • Profit -11% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +17.8%+6.8% 298279253
Net interest income +11.2%+7.2% 119111107
Other income +44.4%+13.0% 26.023.018.0
Net profit +0.0%-2.9% 34.035.034.0
EPS (₹) +0.7%-1.6% 7.587.707.53
Gross NPA % +1 bps-2 bps 2.7%2.7%2.7%
Net NPA % +0 bps-3 bps 1.4%1.4%1.4%

Against its own trend ?

TrendActualGap
NII₹123₹119 -3.1% in line
Net profit₹38.1₹34.0 -10.7% below

All Time Plastics Limited

ALLTIME · Household Products & Houseware · Q3 FY26 · Consolidated
M Cap
₹1,225 Cr
P/E
35.8
PEG
—
  • Exceptional items of ₹-4.4 Cr in the quarter
₹ CrQoQ Dec 2025Sep 2025
Sales +8.1% 159147
Operating profit +45.7% 23.516.2
OPM % +381 bps 14.8%11.0%
Other income +94.1% 3.21.6
Net profit? +124.3% 9.24.1
PAT margin % +298 bps 5.8%2.8%
EPS (₹) +113.9% 1.540.72

Quality of profit

Pre-tax profit ₹12.5 Cr: core business ₹13.7 Cr, other income ₹3.2 Cr, exceptional & other items −₹4.4 Cr.

Century Enka Limited

CENTENKA · Textiles · Q3 FY26 · Consolidated
M Cap
₹1,222 Cr
P/E
8.3
PEG
1.19
  • Profit +99% above its own trend
  • Operating margin expanded 444 bps YoY
  • Exceptional items of ₹-3.7 Cr in the quarter
  • Core business grew faster than reported profit (core profit +131%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -16.6%+0.7% 412409493
Operating profit +50.9%+29.1% 40.931.627.1
OPM % +444 bps+218 bps 9.9%7.7%5.5%
Other income +20.5%+7.2% 8.98.37.4
Net profit? +69.6%+6.3% 23.722.314.0
PAT margin % +293 bps+30 bps 5.8%5.5%2.8%
EPS (₹) +69.7%+6.3% 10.8610.226.40

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹31.6 Cr: core business ₹26.5 Cr, other income ₹8.9 Cr, exceptional & other items −₹3.8 Cr.

Core profit YoY: +130.6% · reported profit +69.6%

Cash & debt

FY25 cash from operations ₹118 Cr: 179% of FY25 net profit of ₹65.8 Cr.

Borrowings ₹37.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹422₹412 -2.4% in line
Net profit₹11.9₹23.7 +99.1% above

Ugro Capital Limited

UGROCAP · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹1,221 Cr
P/E
8.7
PEG
0.21
  • Profit -87% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +16.4%-2.8% 448461385
Net interest income —— 172——
Other income —— 39.0——
Net profit -84.2%-86.0% 6.043.038.0
EPS (₹) -87.1%-88.9% 0.413.713.18
Gross NPA % +10 bps-20 bps 2.2%2.4%2.1%
Net NPA % -10 bps-10 bps 1.4%1.5%1.5%

Against its own trend ?

TrendActualGap
Net profit₹44.6₹6.0 -86.5% below

M.V.K. Agro Food Product Limited

MVKAGRO · Sugar · Q3 FY26 · Consolidated
M Cap
₹1,217 Cr
P/E
27.5
PEG
0.21
  • Operating margin contracted 952 bps YoY
  • 32% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +180%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +314.7%+466.6% 11219.827.0
Operating profit +137.0%+171.7% 14.25.26.0
OPM % -952 bps-1378 bps 12.7%26.5%22.2%
Other income +302.2%— 4.00.31.0
Net profit? +239.8%+931.1% 10.21.03.0
PAT margin % -201 bps+410 bps 9.1%5.0%11.1%
EPS (₹) +42.6%+405.1% 2.980.592.09

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹12.4 Cr: core business ₹8.4 Cr, other income ₹4.0 Cr.

Core profit YoY: +180.2% · reported profit +239.8%

Cash & debt

FY25 cash from operations ₹51.0 Cr.

Borrowings ₹106 Cr at Mar 2025.

Mangalam Worldwide Limited

MWL · Iron & Steel · Q3 FY26 · Standalone
M Cap
₹1,207 Cr
P/E
23.2
PEG
0.43
  • Profit +20% above its own trend
  • Operating margin expanded 189 bps YoY
  • Core business grew faster than reported profit (core profit +130%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +29.8%+10.5% 350317270
Operating profit +74.1%+23.8% 26.021.014.9
OPM % +189 bps+80 bps 7.4%6.6%5.5%
Other income -81.4%-63.2% 0.41.02.0
Net profit +74.6%+27.5% 14.011.08.0
PAT margin % +103 bps+54 bps 4.0%3.5%3.0%
EPS (₹) —+33.0% 4.723.551.44

No EPS growth against Dec 2024: ₹10 to ₹1 split in Jul 2026.

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹14.2 Cr: core business ₹13.8 Cr, other income ₹0.4 Cr.

Core profit YoY: +130.3% · reported profit +74.6%

Cash & debt

FY25 cash from operations −₹87.0 Cr: -300% of FY25 net profit of ₹29.0 Cr.

Borrowings ₹192 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹364₹350 -3.8% in line
Net profit₹11.7₹14.0 +19.9% above

Uniphos Enterprises Limited

UNIENTER · Trading & Distribution · Q3 FY26 · Standalone
M Cap
₹1,204 Cr
P/E
59.4
PEG
—
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -100.0%— 0.00.05.1
Operating profit loss narrowedloss narrowed -1.0-1.1-1.0
Other income -71.2%-99.5% 0.124.40.5
Net profit loss narrowedto loss -1.023.2-1.9
EPS (₹) loss narrowedto loss -0.153.33-0.27

Quality of profit

Pre-tax profit −₹1.0 Cr: core business −₹1.1 Cr, other income ₹0.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹3.0 Cr: -1107% of FY25 net profit of ₹0.3 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8.6₹0.0 -100.0% below

HMA Agro Industries Limited

HMAAGRO · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹1,203 Cr
P/E
5.6
PEG
0.51
  • Profit +151% above its own trend
  • 46% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +41.5%-4.4% 2,0592,1551,455
Operating profit +103.5%-32.5% 64.595.531.7
OPM % +95 bps-130 bps 3.1%4.4%2.2%
Other income +54.6%+12.7% 40.736.126.3
Net profit? +214.3%-25.8% 66.689.821.2
PAT margin % +178 bps-93 bps 3.2%4.2%1.5%
EPS (₹) +222.0%-26.3% 1.321.790.41

Quality of profit

Core 54%Other income & one-offs 46%

Pre-tax profit ₹87.8 Cr: core business ₹47.2 Cr, other income ₹40.7 Cr.

Core profit YoY: +215.3% · reported profit +214.3%

Cash & debt

FY25 cash from operations ₹124 Cr: 141% of FY25 net profit of ₹87.7 Cr.

Borrowings ₹535 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,915₹2,059 +7.5% above
Net profit₹26.5₹66.6 +151.4% above

Advit Jewels Limited

RAMBHAJO · Gems & Jewellery · Q3 FY26 · Standalone
M Cap
₹1,197 Cr
P/E
—
PEG
—
₹ Cr Dec 2025
Sales 50.3
Operating profit 14.0
OPM % 27.9%
Other income 0.0
Net profit 9.7
PAT margin % 19.4%
EPS (₹) 3.04

Sep 2025 and Dec 2024 are not on record for this company, so there is nothing to compare with yet.

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹11.7 Cr: core business ₹11.7 Cr, other income ₹0.0 Cr.

Nelcast Limited

NELCAST · Castings & Forgings · Q3 FY26 · Standalone
M Cap
₹1,196 Cr
P/E
29.1
PEG
1.71
  • Profit +159% above its own trend
  • Operating margin expanded 418 bps YoY
  • Core business grew faster than reported profit (core profit +693%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.1%+10.3% 330299291
Operating profit +92.8%+94.8% 33.317.117.3
OPM % +418 bps+438 bps 10.1%5.7%5.9%
Other income -54.5%-39.8% 2.64.35.7
Net profit +166.1%+234.3% 15.94.86.0
PAT margin % +277 bps+323 bps 4.8%1.6%2.1%
EPS (₹) +165.2%+232.7% 1.830.550.69

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹21.4 Cr: core business ₹18.8 Cr, other income ₹2.6 Cr.

Core profit YoY: +693.0% · reported profit +166.1%

Cash & debt

FY25 cash from operations ₹105 Cr: 282% of FY25 net profit of ₹37.3 Cr.

Borrowings ₹294 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹294₹330 +12.2% above
Net profit₹6.1₹15.9 +158.8% above

Arisinfra Solutions Limited

ARIS · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹1,176 Cr
P/E
15.6
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +12.3% 271241
Operating profit +30.9% 29.522.5
OPM % +155 bps 10.9%9.3%
Other income +31.2% 1.61.3
Net profit? +19.7% 18.315.3
PAT margin % +42 bps 6.7%6.3%
EPS (₹) -5.0% 1.902.00

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹24.7 Cr: core business ₹23.1 Cr, other income ₹1.6 Cr.

Bharat Wire Ropes Limited

BHARATWIRE · Iron & Steel · Q3 FY26 · Standalone
M Cap
₹1,166 Cr
P/E
17.1
PEG
3.42
  • Profit +30% above its own trend
  • Operating margin expanded 518 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -11.7%-13.3% 143165162
Operating profit +13.8%-13.2% 33.038.029.0
OPM % +518 bps+5 bps 23.1%23.0%17.9%
Other income —— 0.00.00.0
Net profit +20.0%-18.2% 18.022.015.0
PAT margin % +333 bps-75 bps 12.6%13.3%9.3%
EPS (₹) +22.6%-17.6% 2.663.232.17

Quality of profit

Pre-tax profit ₹24.0 Cr: core business ₹25.0 Cr, other income ₹0.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +31.6% · reported profit +20.0%

Cash & debt

FY25 cash from operations ₹74.0 Cr: 101% of FY25 net profit of ₹73.0 Cr.

Borrowings ₹514 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹174₹143 -18.0% below
Net profit₹13.9₹18.0 +29.6% above

GPT Healthcare Limited

GPTHEALTH · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹1,166 Cr
P/E
24.3
PEG
8.10
  • Operating margin contracted 357 bps YoY
₹ CrYoY Dec 2025Dec 2024
Sales +17.6% 120102
Operating profit -2.6% 20.721.3
OPM % -357 bps 17.2%20.8%
Other income -24.4% 1.41.9
Net profit? -23.5% 9.412.2
PAT margin % -419 bps 7.8%12.0%
EPS (₹) -23.5% 1.141.49

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹12.8 Cr: core business ₹11.3 Cr, other income ₹1.4 Cr.

Core profit YoY: -28.0% · reported profit -23.5%

Associated Alcohols & Breweries Ltd.

ASALCBR · Breweries & Distilleries · Q3 FY26 · Standalone
M Cap
₹1,163 Cr
P/E
14.0
PEG
—
  • Profit -34% below its own trend
  • Operating margin expanded 346 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -19.1%+3.0% 265257327
Operating profit +3.8%+72.8% 41.524.040.0
OPM % +346 bps+634 bps 15.7%9.3%12.2%
Other income +82.7%+74.7% 1.81.01.0
Net profit +5.0%+94.8% 27.314.026.0
PAT margin % +237 bps+487 bps 10.3%5.5%8.0%
EPS (₹) -0.3%+87.0% 14.387.6914.43

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹35.6 Cr: core business ₹33.8 Cr, other income ₹1.8 Cr.

Core profit YoY: -3.4% · reported profit +5.0%

Cash & debt

FY25 cash from operations ₹74.0 Cr: 91% of FY25 net profit of ₹81.0 Cr.

Borrowings ₹102 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹334₹265 -20.9% below
Net profit₹41.4₹27.3 -34.1% below

Everest Kanto Cylinder Limited

EKC · Packaging · Q3 FY26 · Consolidated
M Cap
₹1,162 Cr
P/E
7.9
PEG
0.44
  • Profit +164% above its own trend
  • Operating margin expanded 534 bps YoY
  • Exceptional items of ₹-3.1 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -0.5%+1.3% 365360367
Operating profit +48.4%+38.0% 59.242.939.9
OPM % +534 bps+431 bps 16.2%11.9%10.9%
Other income +344.1%+126.3% 10.64.72.4
Net profit? +98.9%+161.6% 35.713.718.0
PAT margin % +489 bps+600 bps 9.8%3.8%4.9%
EPS (₹) +97.5%+160.7% 3.181.221.61

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹50.5 Cr: core business ₹43.1 Cr, other income ₹10.6 Cr, exceptional & other items −₹3.1 Cr.

Core profit YoY: +73.3% · reported profit +98.9%

Cash & debt

FY25 cash from operations ₹58.0 Cr: 59% of FY25 net profit of ₹97.7 Cr.

Borrowings ₹143 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹412₹365 -11.3% below
Net profit₹13.5₹35.7 +164.5% above

Atul Auto Limited

ATULAUTO · Two & Three Wheelers · Q3 FY26 · Consolidated
M Cap
₹1,160 Cr
P/E
23.5
PEG
0.19
  • Profit -25% below its own trend
  • Operating margin expanded 293 bps YoY
  • Exceptional items of ₹-1.4 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +31.9%+15.3% 231200175
Operating profit +73.9%+47.4% 28.019.016.1
OPM % +293 bps+264 bps 12.1%9.5%9.2%
Other income to loss— -1.00.01.3
Net profit? +50.0%+87.5% 15.08.010.0
PAT margin % +79 bps+250 bps 6.5%4.0%5.7%
EPS (₹) +53.6%+67.6% 5.533.303.60

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹20.0 Cr: core business ₹20.0 Cr, other income −₹1.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +65.4% · reported profit +50.0%

Cash & debt

FY25 cash from operations ₹25.0 Cr: 94% of FY25 net profit of ₹26.6 Cr.

Borrowings ₹110 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹197₹231 +17.0% above
Net profit₹20.0₹15.0 -25.0% below

Shriram Properties Limited

SHRIRAMPPS · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹1,157 Cr
P/E
12.6
PEG
0.79
  • Into loss: a profit a year ago
  • Profit -145% below its own trend
  • Operating margin expanded 270 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +47.7%-12.8% 179205121
Operating profit loss widenedloss widened -17.0-5.0-14.8
OPM % +270 bps-704 bps -9.5%-2.5%-12.2%
Other income -48.9%+5.5% 30.028.458.7
Net profit? to lossto loss -7.08.613.0
PAT margin % -1461 bps-808 bps -3.9%4.2%10.7%
EPS (₹) to lossto loss -0.400.500.76

Quality of profit

Pre-tax profit −₹13.0 Cr: core business −₹43.0 Cr, other income ₹30.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹154 Cr: 200% of FY25 net profit of ₹76.8 Cr.

Borrowings ₹655 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹170₹179 +5.1% above
Net profit₹15.7−₹7.0 -144.6% below

Vardhman Holdings Limited

VHL · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,155 Cr
P/E
4.6
PEG
—
  • Profit -24% below its own trend
  • Operating margin expanded 1190 bps YoY
  • 91% 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 -14.3%+100.0% 6.03.07.0
Operating profit +0.0%+150.0% 5.02.05.0
OPM % +1190 bps+1667 bps 83.3%66.7%71.4%
Other income -18.0%-9.1% 50.055.061.0
Net profit? -18.2%+17.4% 54.046.066.0
EPS (₹) -18.3%+16.5% 168.29144.51206.05

Quality of profit

Core 9%Other income & one-offs 91%

Pre-tax profit ₹55.0 Cr: core business ₹5.0 Cr, other income ₹50.0 Cr.

Core profit YoY: +0.0% · reported profit -18.2%

Cash & debt

FY25 cash from operations −₹6.0 Cr: -2% of FY25 net profit of ₹258 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3.5₹6.0 +71.4% above
Net profit₹71.3₹54.0 -24.3% below

NIIT Limited

NIITLTD · Education & E-Learning · Q3 FY26 · Consolidated
M Cap
₹1,154 Cr
P/E
124.6
PEG
2.90
  • Profit -55% below its own trend
  • Operating margin contracted 790 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹-5.4 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +3.3%-3.4% 10110598.1
Operating profit to lossloss narrowed -0.9-1.26.9
OPM % -790 bps+23 bps -0.9%-1.1%7.0%
Other income +22.4%+53.0% 20.713.616.9
Net profit? -67.3%+598.2% 4.60.714.0
PAT margin % -975 bps+388 bps 4.5%0.6%14.3%
EPS (₹) -70.7%+190.0% 0.290.100.99

Quality of profit

Pre-tax profit ₹6.6 Cr: core business −₹8.8 Cr, other income ₹20.7 Cr, exceptional & other items −₹5.4 Cr.

Core profit YoY: to loss · reported profit -67.3%

Cash & debt

FY25 cash from operations ₹29.0 Cr: 60% of FY25 net profit of ₹48.0 Cr.

Borrowings ₹6.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹113₹101 -10.5% below
Net profit₹10.1₹4.6 -54.6% below

Platinum Industries Limited

PLATIND · Chemicals · Q3 FY26 · Consolidated
M Cap
₹1,154 Cr
P/E
23.6
PEG
2.14
  • Profit +39% above its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.3%+6.7% 10598.493.5
Operating profit +14.2%+17.8% 16.013.614.0
OPM % +24 bps+143 bps 15.2%13.8%15.0%
Other income -20.0%-26.7% 3.04.13.7
Net profit? +4.1%+9.3% 12.011.011.5
PAT margin % -90 bps+26 bps 11.4%11.2%12.3%
EPS (₹) +9.0%+8.5% 2.292.112.10

Quality of profit

Core 76%Other income & one-offs 24%

Pre-tax profit ₹17.0 Cr: core business ₹13.0 Cr, other income ₹3.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +8.3% · reported profit +4.1%

Cash & debt

FY25 cash from operations −₹8.0 Cr: -16% of FY25 net profit of ₹50.1 Cr.

Borrowings ₹18.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹109₹105 -3.4% in line
Net profit₹8.6₹12.0 +39.5% above

Premier Polyfilm Limited

PREMIERPOL · Plastic Products · Q3 FY26 · Standalone
M Cap
₹1,153 Cr
P/E
31.4
PEG
0.78
  • Profit +36% above its own trend
  • Operating margin expanded 283 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.5%-4.7% 79.383.269.8
Operating profit +36.6%+17.2% 13.311.39.7
OPM % +283 bps+313 bps 16.8%13.6%13.9%
Other income -100.0%-100.0% 0.01.00.7
Net profit +39.1%+15.9% 9.38.06.7
PAT margin % +215 bps+207 bps 11.7%9.6%9.6%
EPS (₹) +39.1%+17.1% 0.890.760.64

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹11.9 Cr: core business ₹11.9 Cr, other income ₹0.0 Cr.

Core profit YoY: +45.4% · reported profit +39.1%

Cash & debt

FY25 cash from operations ₹23.0 Cr: 88% of FY25 net profit of ₹26.0 Cr.

Borrowings ₹18.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹73.9₹79.3 +7.3% above
Net profit₹6.8₹9.3 +36.4% above

Excel Industries Limited

EXCELINDUS · Pesticides & Agrochemicals · Q3 FY26 · Standalone
M Cap
₹1,151 Cr
P/E
16.2
PEG
—
  • 43% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +77%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +18.9%-13.6% 233270196
Operating profit +29.2%-47.1% 15.930.112.3
OPM % +54 bps-432 bps 6.8%11.1%6.3%
Other income -4.0%+15.2% 4.94.25.1
Net profit +31.3%-55.2% 8.418.76.4
PAT margin % +34 bps-333 bps 3.6%6.9%3.3%
EPS (₹) +31.2%-55.2% 6.6814.905.09

Quality of profit

Core 57%Other income & one-offs 43%

Pre-tax profit ₹11.2 Cr: core business ₹6.4 Cr, other income ₹4.9 Cr.

Core profit YoY: +77.5% · reported profit +31.3%

Cash & debt

FY25 cash from operations ₹63.0 Cr: 75% of FY25 net profit of ₹83.5 Cr.

Borrowings ₹12.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹211₹233 +10.6% above
Net profit₹8.6₹8.4 -2.4% in line

Pashupati Cotspin Limited

PASHUPATI · Textiles · Q3 FY26 · Consolidated
M Cap
₹1,150 Cr
P/E
73.1
PEG
1.87
  • Profit +258% above its own trend
  • 91% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -3.5%-33.9% 159240165
Operating profit +11.9%-45.5% 5.19.44.6
OPM % +44 bps-69 bps 3.2%3.9%2.8%
Other income +18.6%-21.5% 2.83.62.4
Net profit? +186.9%-32.7% 2.74.00.9
PAT margin % +114 bps+3 bps 1.7%1.7%0.6%
EPS (₹) +180.0%-35.4% adj. 0.170.260.06

EPS restated for the ₹10 to ₹1 split of Apr 2026: Dec 2025 ₹1.68 to ₹0.17.

Quality of profit

Core 9%Other income & one-offs 91%

Pre-tax profit ₹3.1 Cr: core business ₹0.3 Cr, other income ₹2.8 Cr.

Core profit YoY: from loss · reported profit +186.9%

Cash & debt

FY25 cash from operations ₹14.0 Cr: 89% of FY25 net profit of ₹15.8 Cr.

Borrowings ₹114 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹120₹159 +32.4% above
Net profit₹0.8₹2.7 +257.9% above

Roto Pumps Limited

ROTO · Pumps, Compressors & Engines · Q3 FY26 · Consolidated
M Cap
₹1,150 Cr
P/E
41.5
PEG
—
  • Profit +109% above its own trend
  • Operating margin expanded 320 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.0%+12.2% 72.764.872.7
Operating profit +20.7%+16.2% 13.611.711.2
OPM % +320 bps+64 bps 18.7%18.0%15.5%
Other income —-44.7% 0.71.30.0
Net profit? +69.1%+13.7% 6.86.04.0
PAT margin % +381 bps+12 bps 9.3%9.2%5.5%
EPS (₹) —-21.9% 0.250.320.64

No EPS growth against Dec 2024: 2:1 bonus in Jul 2025.

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹9.4 Cr: core business ₹8.7 Cr, other income ₹0.7 Cr.

Core profit YoY: +67.6% · reported profit +69.1%

Cash & debt

FY25 cash from operations ₹36.0 Cr: 107% of FY25 net profit of ₹33.7 Cr.

Borrowings ₹45.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹83.5₹72.7 -12.9% below
Net profit₹3.2₹6.8 +108.9% above

OCCL Limited

OCCLLTD · Chemicals · Q3 FY26 · Standalone
M Cap
₹1,143 Cr
P/E
15.4
PEG
0.01
  • Operating margin expanded 124 bps YoY
  • Core business grew faster than reported profit (core profit +78%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +19.1%-5.0% 11512196.2
Operating profit +28.1%+0.0% 20.220.215.8
OPM % +124 bps+88 bps 17.6%16.7%16.4%
Other income to lossto loss -3.01.00.3
Net profit +23.8%-25.3% 6.58.75.2
PAT margin % +21 bps-154 bps 5.7%7.2%5.5%
EPS (₹) +24.8%-24.7% 1.311.741.05

Quality of profit

Pre-tax profit ₹8.5 Cr: core business ₹12.2 Cr, other income −₹3.0 Cr, exceptional & other items −₹0.7 Cr.

Core profit YoY: +78.4% · reported profit +23.8%

Cash & debt

FY25 cash from operations ₹70.0 Cr: 326% of FY25 net profit of ₹21.5 Cr.

Borrowings ₹62.0 Cr at Mar 2025.

United Polyfab Gujarat Limited

UNITEDPOLY · Textiles · Q3 FY26 · Consolidated
M Cap
₹1,134 Cr
P/E
44.5
PEG
—
  • Profit -38% below its own trend
  • Core business grew faster than reported profit (core profit +27%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +14.9%-5.5% 175185152
Operating profit +16.6%+9.7% 13.912.711.9
OPM % +11 bps+110 bps 7.9%6.8%7.8%
Other income -46.4%-95.6% 0.23.80.3
Net profit? -3.4%-35.8% 4.97.65.1
PAT margin % -53 bps-132 bps 2.8%4.1%3.3%
EPS (₹) -4.5%-36.4% 0.210.33adj. 0.22

EPS restated for the ₹10 to ₹1 split of May 2025: Dec 2024 ₹2.20 to ₹0.22.

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹8.4 Cr: core business ₹8.3 Cr, other income ₹0.2 Cr.

Core profit YoY: +27.1% · reported profit -3.4%

Cash & debt

FY25 cash from operations ₹19.0 Cr: 60% of FY25 net profit of ₹31.5 Cr.

Borrowings ₹118 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹178₹175 -1.5% in line
Net profit₹7.8₹4.9 -37.8% below

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.

⚠️ 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