Home › Quarterly results › Q3 FY26
Q3 FY26 quarterly results (October-December 2025)
4,316 companies have declared Q3 FY26 results so far, the latest on 15 Sep 2026.
Across the 3,727 non-financial companies with a year-ago quarter to compare, sales grew +15.1% and net profit +14.8% year on year, and the combined operating margin narrowed 25 bps to 14.1%.
For the 146 banks and lenders, net interest income grew +8.0% and net profit +10.5%.
56% of companies grew net profit; 416 turned a loss into a profit; 37% beat their own profit trend and 48% fell short of it.
4316 declared
Latest results
Results calendar
Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26
The next results season has started: 45 companies have filed results for the quarter ended 30 Sep 2026.
See them → Q3 FY26 scoreboard
Sales growth
+15.1%
YoY, 3727 companies combined; median +8.3%
Net profit growth
+14.8%
YoY combined; median +8.9%
Operating margin
14.1%
-25 bps YoY
Grew profit
56%
416 turnarounds, 346 into loss
Vs own profit trend
37% / 48%
above / below, 15% in line
Banks: NII growth
+8.0%
146 lenders; profit +10.5%
Price since results
-9.5%
median; 0% of 1 stocks up
Other-income heavy
1051
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
Latest Q3 FY26 results 4316
Page 46 of 144
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
Profit +128% above its own trend Operating margin expanded 130 bps YoY Exceptional items of ₹7.9 Cr in the quarter Core business grew faster than reported profit (core profit +293%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+2.8% +6.7%
460 431 447 Operating profit
+19.3% from loss 43.1 -8.0 36.1 OPM %
+130 bps +1122 bps
9.4% -1.9% 8.1% Other income
-42.2% from loss 2.1 -23.0 3.6 Net profit?
+43.2% from loss 8.3 -42.0 5.8 PAT margin %
+51 bps +1154 bps
1.8% -9.7% 1.3% EPS (₹)
+22.9% from loss 1.61 -8.13 1.31
Quality of profit
Pre-tax profit ₹13.5 Cr: core business ₹19.3 Cr, other income ₹2.1 Cr, exceptional & other items −₹7.9 Cr.
Core profit YoY: +293.3%
· reported profit +43.2%
Cash & debt
FY25 cash from operations ₹6.0 Cr.
Borrowings ₹490 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹479 ₹460
-4.0% in line Net profit ₹3.6 ₹8.3
+127.7% above
M Cap ₹1,130 Cr
P/E 53.9
PEG —
Profit -37% below its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Total income
-15.2% -2.2%
391 400 461 Net interest income
+41.6% +3.3%
33.5 32.5 23.7 Other income
-20.3% -3.4%
328 340 412 Net profit
-47.0% -20.2%
12.2 15.3 23.1 EPS (₹)
-47.1% -20.1%
1.47 1.84 2.78
Against its own trend ?
Trend Actual Gap
NII ₹34.2 ₹33.5
-1.9% in line Net profit ₹19.5 ₹12.2
-37.0% below
M Cap ₹1,127 Cr
P/E 10.1
PEG 0.92
Profit +300% above its own trend Operating margin expanded 1060 bps YoY Core business grew faster than reported profit (core profit +353%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+50.8% +0.9%
204 202 135 Operating profit
+204.7% +14.4%
42.8 37.4 14.0 OPM %
+1060 bps +247 bps
21.0% 18.5% 10.4% Other income
+98.3% +94.3%
4.7 2.4 2.4 Net profit?
+298.5% +21.0%
30.0 24.8 7.5 PAT margin %
+916 bps +245 bps
14.7% 12.3% 5.6% EPS (₹)
+299.0% +21.4%
11.41 9.40 2.86
Quality of profit
Pre-tax profit ₹40.0 Cr: core business ₹35.2 Cr, other income ₹4.7 Cr.
Core profit YoY: +353.0%
· reported profit +298.5%
Cash & debt
FY25 cash from operations ₹65.0 Cr:
188% of FY25 net profit of ₹34.6 Cr.
Borrowings ₹149 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹160 ₹204
+27.0% above Net profit ₹7.5 ₹30.0
+300.0% above
M Cap ₹1,123 Cr
P/E 65.8
PEG —
Profit +269% above its own trend Core business grew faster than reported profit (core profit +255%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+29.6% +16.2%
205 176 158 Operating profit
+18.2% +51.3%
10.9 7.2 9.2 OPM %
-52 bps +124 bps
5.3% 4.1% 5.8% Other income
-18.8% +42.2%
0.6 0.4 0.7 Net profit
+159.4% +482.2%
4.0 0.7 1.6 PAT margin %
+98 bps +157 bps
2.0% 0.4% 1.0% EPS (₹)
+157.7% +482.6%
1.34 0.23 0.52
Quality of profit
Pre-tax profit ₹5.4 Cr: core business ₹4.8 Cr, other income ₹0.6 Cr.
Core profit YoY: +254.8%
· reported profit +159.4%
Cash & debt
FY25 cash from operations ₹112 Cr:
2226% of FY25 net profit of ₹5.0 Cr.
Borrowings ₹111 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹153 ₹205
+33.4% above Net profit ₹1.1 ₹4.0
+269.4% above
M Cap ₹1,123 Cr
P/E 13.7
PEG 0.55
Profit -19% below its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+7.2% +0.1%
277 277 259 Operating profit
+3.5% -21.0%
25.3 32.0 24.4 OPM %
-33 bps -243 bps
9.1% 11.5% 9.4% Other income
-6.3% -54.2%
2.2 4.9 2.4 Net profit?
+4.9% -34.5%
11.9 18.1 11.3 PAT margin %
-9 bps -226 bps
4.3% 6.5% 4.4% EPS (₹)
+6.6% -35.2%
1.62 2.50 1.52
Quality of profit
Pre-tax profit ₹16.3 Cr: core business ₹14.0 Cr, other income ₹2.2 Cr.
Core profit YoY: -2.3%
· reported profit +4.9%
Cash & debt
FY25 cash from operations ₹35.0 Cr:
62% of FY25 net profit of ₹56.5 Cr.
Borrowings ₹284 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹286 ₹277
-3.1% in line Net profit ₹14.7 ₹11.9
-19.1% below
M Cap ₹1,121 Cr
P/E 25.0
PEG —
Profit +28% above its own trend Operating margin expanded 755 bps YoY 57% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+3.7% +0.7%
113 112 109 Operating profit
+233.0% +387.1%
12.4 2.5 3.7 OPM %
+755 bps +870 bps
11.0% 2.3% 3.4% Other income
-25.5% -14.0%
6.1 7.1 8.2 Net profit?
-16.8% +7.0%
8.3 7.8 10.0 PAT margin %
-180 bps +43 bps
7.3% 6.9% 9.1% EPS (₹)
-16.7% +6.9%
3.85 3.60 4.62
Quality of profit
Pre-tax profit ₹10.7 Cr: core business ₹4.6 Cr, other income ₹6.1 Cr.
Core profit YoY: from loss
· reported profit -16.8%
Cash & debt
FY25 cash from operations ₹57.0 Cr:
126% of FY25 net profit of ₹45.3 Cr.
Borrowings ₹53.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹103 ₹113
+9.9% above Net profit ₹6.5 ₹8.3
+28.2% above
Operating margin contracted 6482 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-55.4% -14.8%
41.6 48.8 93.2 Operating profit
loss widened loss widened -31.8 -7.0 -10.9 OPM %
-6482 bps -6216 bps
-76.5% -14.3% -11.6% Other income
+139.5% -15.4%
2.2 2.6 0.9 Net profit?
loss widened loss widened -24.6 -5.0 -11.9 PAT margin %
-4637 bps -4889 bps
-59.1% -10.2% -12.7% EPS (₹)
loss widened loss widened -2.04 -0.40 -1.16
Quality of profit
Pre-tax profit −₹31.6 Cr: core business −₹33.8 Cr, other income ₹2.2 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹52.0 Cr:
62% of FY25 net profit of ₹84.5 Cr.
Borrowings ₹8.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹46.6 ₹41.6
-10.8% below
M Cap ₹1,119 Cr
P/E 45.2
PEG —
Profit -39% below its own trend Operating margin contracted 816 bps YoY Exceptional items of ₹-1.7 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-9.7% +40.1%
196 140 217 Operating profit
-39.8% +25.5%
31.9 25.5 53.0 OPM %
-816 bps -190 bps
16.3% 18.2% 24.5% Other income
+1.1% +9.6%
0.9 0.8 0.9 Net profit?
-67.6% +51.2%
9.1 6.0 28.1 PAT margin %
-830 bps +34 bps
4.7% 4.3% 13.0% EPS (₹)
-67.5% +52.1%
1.08 0.71 3.32
Quality of profit
Pre-tax profit ₹12.6 Cr: core business ₹13.3 Cr, other income ₹0.9 Cr, exceptional & other items −₹1.7 Cr.
Core profit YoY: -63.2%
· reported profit -67.6%
Cash & debt
FY25 cash from operations ₹58.0 Cr:
83% of FY25 net profit of ₹70.2 Cr.
Borrowings ₹315 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹215 ₹196
-9.0% below Net profit ₹15.0 ₹9.1
-39.3% below
M Cap ₹1,109 Cr
P/E 63.1
PEG —
Profit +12% above its own trend Operating margin contracted 571 bps YoY FY25 operating cash flow was only 23% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+45.8% +9.8%
48.7 44.3 33.4 Operating profit
-0.2% -14.2%
6.0 7.0 6.0 OPM %
-571 bps -347 bps
12.4% 15.9% 18.1% Other income
+50.0% +50.0%
0.0 0.0 0.0 Net profit
+27.0% -26.9%
3.0 4.1 2.4 PAT margin %
-92 bps -311 bps
6.2% 9.3% 7.1% EPS (₹)
+33.3% -27.3%
0.16 0.22 0.12
Quality of profit
Pre-tax profit ₹4.2 Cr: core business ₹4.1 Cr, other income ₹0.0 Cr.
Core profit YoY: +30.7%
· reported profit +27.0%
Cash & debt
FY25 cash from operations ₹3.0 Cr:
23% of FY25 net profit of ₹13.1 Cr.
Borrowings ₹50.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹37.8 ₹48.7
+28.8% above Net profit ₹2.7 ₹3.0
+11.5% above
M Cap ₹1,106 Cr
P/E 60.9
PEG 20.31
Operating margin expanded 137 bps YoY Core business grew faster than reported profit (core profit +100%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+30.9% +8.8%
161 148 123 Operating profit
+40.9% +14.8%
31.0 27.0 22.0 OPM %
+137 bps +101 bps
19.3% 18.2% 17.9% Other income
from loss —
1.0 0.0 -1.0 Net profit
+33.3% +45.5%
16.0 11.0 12.0 PAT margin %
+18 bps +251 bps
9.9% 7.4% 9.8% EPS (₹)
+33.7% +40.9%
4.96 3.52 3.71
Quality of profit
Pre-tax profit ₹19.0 Cr: core business ₹18.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +100.0%
· reported profit +33.3%
Cash & debt
FY25 cash from operations ₹22.0 Cr:
56% of FY25 net profit of ₹39.5 Cr.
Borrowings ₹223 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹139 ₹161
+16.0% above Net profit ₹17.3 ₹16.0
-7.3% in line
M Cap ₹1,102 Cr
P/E 2.9
PEG 0.03
Profit -30% below its own trend Operating margin contracted 694 bps YoY Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+9.1% -99.0%
24.2 2,485 22.2 Operating profit
-15.8% -99.2%
5.7 750 6.7 OPM %
-694 bps -669 bps
23.5% 30.2% 30.4% Other income
+502.4% -99.2%
0.0 3.0 0.0 Net profit
-12.4% -99.2%
3.1 376 3.5 PAT margin %
-315 bps -233 bps
12.8% 15.1% 16.0% EPS (₹)
-12.0% —
0.62 1.80 adj. 0.70
EPS restated for the 7:5 bonus of Oct 2025: Dec 2024 ₹1.69 to ₹0.70. No EPS growth against Sep 2025: 7:5 bonus in Oct 2025.
Quality of profit
Pre-tax profit ₹3.9 Cr: core business ₹3.7 Cr, other income ₹0.0 Cr.
Core profit YoY: -24.6%
· reported profit -12.4%
Cash & debt
FY25 cash from operations −₹24.0 Cr:
-253% of FY25 net profit of ₹9.5 Cr.
Borrowings ₹81.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹29.1 ₹24.2
-17.0% below Net profit ₹4.4 ₹3.1
-29.8% below
M Cap ₹1,101 Cr
P/E 9.4
PEG —
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
+319.4%
578 138 Operating profit
+336.8%
65.8 15.1 OPM %
+45 bps
11.4% 10.9% Other income
+238.3%
9.6 2.8 Net profit?
+429.8%
49.2 9.3 PAT margin %
+177 bps
8.5% 6.7% EPS (₹)
+358.1%
5.68 1.24
Quality of profit
Pre-tax profit ₹66.2 Cr: core business ₹57.6 Cr, other income ₹9.6 Cr, exceptional & other items −₹1.1 Cr.
M Cap ₹1,100 Cr
P/E 14.6
PEG —
Operating margin expanded 139 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+3.7% -5.7%
198 210 191 Operating profit
+11.8% -2.6%
38.0 39.0 34.0 OPM %
+139 bps +62 bps
19.2% 18.6% 17.8% Other income
— —
0.0 0.0 0.0 Net profit
+0.0% -6.7%
14.0 15.0 14.0 PAT margin %
-26 bps -7 bps
7.1% 7.1% 7.3% EPS (₹)
+5.4% -7.3%
4.32 4.66 4.10
Quality of profit
Pre-tax profit ₹19.0 Cr: core business ₹19.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +0.0%
· reported profit +0.0%
Cash & debt
FY25 cash from operations ₹110 Cr:
180% of FY25 net profit of ₹61.0 Cr.
Borrowings ₹176 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹220 ₹198
-10.0% below Net profit ₹14.5 ₹14.0
-3.4% in line
M Cap ₹1,099 Cr
P/E 11.4
PEG 1.62
Profit +84% above its own trend Operating margin contracted 196 bps YoY 44% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -1%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+13.5% +1.8%
166 163 147 Operating profit
-0.3% -7.2%
23.6 25.4 23.7 OPM %
-196 bps -138 bps
14.2% 15.6% 16.1% Other income
+68.8% +109.4%
15.1 7.2 9.0 Net profit
+37.7% +43.1%
28.6 20.0 20.8 PAT margin %
+302 bps +496 bps
17.2% 12.2% 14.2% EPS (₹)
+37.7% +43.1%
14.28 9.98 10.37
Quality of profit
Pre-tax profit ₹34.7 Cr: core business ₹19.6 Cr, other income ₹15.1 Cr.
Core profit YoY: -0.7%
· reported profit +37.7%
Cash & debt
FY25 cash from operations ₹93.0 Cr:
113% of FY25 net profit of ₹82.3 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹151 ₹166
+10.2% above Net profit ₹15.6 ₹28.6
+83.6% above
M Cap ₹1,099 Cr
P/E 55.5
PEG 11.09
Profit +29% above its own trend Operating margin expanded 160 bps YoY 39% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +116%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+71.6% +20.8%
58.9 48.8 34.3 Operating profit
+103.9% +74.9%
6.0 3.4 2.9 OPM %
+160 bps +314 bps
10.1% 7.0% 8.5% Other income
-8.4% -12.6%
2.6 2.9 2.8 Net profit?
+37.3% +9.8%
4.8 4.3 3.5 PAT margin %
-202 bps -80 bps
8.1% 8.9% 10.1% EPS (₹)
+26.1% +3.6%
0.58 0.56 0.46
Quality of profit
Pre-tax profit ₹6.6 Cr: core business ₹4.0 Cr, other income ₹2.6 Cr.
Core profit YoY: +115.9%
· reported profit +37.3%
Cash & debt
FY25 cash from operations −₹19.0 Cr:
-117% of FY25 net profit of ₹16.3 Cr.
Borrowings ₹13.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹30.9 ₹58.9
+90.3% above Net profit ₹3.7 ₹4.8
+28.8% above
M Cap ₹1,093 Cr
P/E 8.0
PEG 0.61
Profit -47% below its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-8.5% -7.5%
411 444 449 Operating profit
-11.4% -2.8%
70.0 72.0 79.0 OPM %
-56 bps +83 bps
17.0% 16.2% 17.6% Other income
-33.3% -11.3%
4.0 4.5 6.0 Net profit
-17.4% -5.2%
38.0 40.1 46.0 PAT margin %
-100 bps +23 bps
9.2% 9.0% 10.2% EPS (₹)
-17.0% -8.5%
2.49 2.72 3.00
Quality of profit
Pre-tax profit ₹51.0 Cr: core business ₹47.0 Cr, other income ₹4.0 Cr.
Core profit YoY: -16.1%
· reported profit -17.4%
Cash & debt
FY25 cash from operations ₹107 Cr:
125% of FY25 net profit of ₹85.5 Cr.
Borrowings ₹405 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹551 ₹411
-25.4% below Net profit ₹71.5 ₹38.0
-46.8% below
Exceptional items of ₹-25.9 Cr in the quarter
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
+2.1%
780 764 Operating profit
+2.8%
87.5 85.1 OPM %
+8 bps
11.2% 11.1% Other income
-19.0%
3.4 4.2 Net profit?
to loss -2.0 2.9 PAT margin %
-64 bps
-0.3% 0.4% EPS (₹)
loss widened -0.51 -0.12
Quality of profit
Pre-tax profit ₹4.0 Cr: core business ₹26.5 Cr, other income ₹3.4 Cr, exceptional & other items −₹25.9 Cr.
M Cap ₹1,092 Cr
P/E 23.6
PEG —
Profit -20% below its own trend Operating margin expanded 268 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+32.8% -19.0%
74.5 91.9 56.1 Operating profit
+51.2% -12.1%
16.4 18.6 10.8 OPM %
+268 bps +173 bps
22.0% 20.3% 19.3% Other income
+30.3% -29.4%
2.5 3.5 1.9 Net profit
+59.9% +2.4%
14.2 13.9 8.9 PAT margin %
+324 bps +398 bps
19.1% 15.1% 15.9% EPS (₹)
+48.1% +1.3%
0.80 0.79 0.54
Quality of profit
Pre-tax profit ₹17.4 Cr: core business ₹14.9 Cr, other income ₹2.5 Cr.
Core profit YoY: +54.6%
· reported profit +59.9%
Against its own trend ?
Trend Actual Gap
Sales ₹92.2 ₹74.5
-19.3% below Net profit ₹17.8 ₹14.2
-20.0% below
M Cap ₹1,088 Cr
P/E 10.4
PEG —
Profit -32% below its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+10.9% +144.6%
608 249 549 Operating profit
+7.0% +299.1%
166 41.5 155 OPM %
-98 bps +1054 bps
27.2% 16.7% 28.2% Other income
+44.6% -8.1%
8.5 9.2 5.9 Net profit?
+10.6% +558.0%
107 16.3 96.7 PAT margin %
-4 bps +1105 bps
17.6% 6.5% 17.6% EPS (₹)
+10.6% +558.3%
51.61 7.84 46.66
Quality of profit
Pre-tax profit ₹142 Cr: core business ₹134 Cr, other income ₹8.5 Cr.
Core profit YoY: +7.5%
· reported profit +10.6%
Cash & debt
FY25 cash from operations ₹73.0 Cr:
90% of FY25 net profit of ₹81.2 Cr.
Borrowings ₹514 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹600 ₹608
+1.3% in line Net profit ₹158 ₹107
-32.4% below
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
+30.1%
212 163 Operating profit
loss narrowed -8.0 -17.0 OPM %
+666 bps
-3.8% -10.4% Other income
-95.5%
1.0 22.0 Net profit
loss widened -13.0 -2.0 PAT margin %
-491 bps
-6.1% -1.2% EPS (₹)
loss widened -0.35 -0.06
Quality of profit
Pre-tax profit −₹13.0 Cr: core business −₹14.0 Cr, other income ₹1.0 Cr.
M Cap ₹1,084 Cr
P/E 16.9
PEG 0.11
Profit -17% below its own trend Operating margin contracted 177 bps YoY 27% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +8%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+52.2% +38.4%
209 151 137 Operating profit
+22.1% from loss 15.0 -0.6 12.3 OPM %
-177 bps +757 bps
7.2% -0.4% 8.9% Other income
+287.6% -49.0%
5.0 9.8 1.3 Net profit
+45.2% +84.6%
17.0 9.2 11.7 PAT margin %
-39 bps +203 bps
8.1% 6.1% 8.5% EPS (₹)
+2.9% +75.0%
0.14 0.08 0.14
Quality of profit
Pre-tax profit ₹15.0 Cr: core business ₹11.0 Cr, other income ₹5.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +8.1%
· reported profit +45.2%
Cash & debt
FY25 cash from operations −₹177 Cr:
-494% of FY25 net profit of ₹35.8 Cr.
Borrowings ₹1,996 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹218 ₹209
-4.1% in line Net profit ₹20.5 ₹17.0
-16.9% below
M Cap ₹1,081 Cr
P/E 41.1
PEG —
Into loss: a profit a year ago Profit -100% below its own trend Operating margin contracted 1892 bps YoY FY25 operating cash flow was only 38% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-15.9% +6.1%
117 110 139 Operating profit
-82.8% -24.0%
5.7 7.5 33.2 OPM %
-1892 bps -193 bps
4.9% 6.8% 23.8% Other income
-76.7% -93.4%
0.5 7.2 2.0 Net profit?
to loss to loss -0.0 10.5 20.5 PAT margin %
-1473 bps -955 bps
-0.0% 9.5% 14.7% EPS (₹)
-98.5% -96.4%
0.01 0.28 0.65
Quality of profit
Pre-tax profit −₹1.9 Cr: core business −₹1.6 Cr, other income ₹0.5 Cr, exceptional & other items −₹0.7 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations ₹27.0 Cr:
38% of FY25 net profit of ₹70.5 Cr.
Borrowings ₹142 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹173 ₹117
-32.4% below Net profit ₹21.9 −₹0.0
-100.1% below
M Cap ₹1,078 Cr
P/E 34.4
PEG 0.28
Profit -61% below its own trend Operating margin contracted 552 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+6.5% -8.3%
66.0 72.0 62.0 Operating profit
-30.0% -36.4%
7.0 11.0 10.0 OPM %
-552 bps -467 bps
10.6% 15.3% 16.1% Other income
to loss to loss -4.0 2.0 1.0 Net profit?
-60.0% -77.8%
2.0 9.0 5.0 PAT margin %
-503 bps -947 bps
3.0% 12.5% 8.1% EPS (₹)
-61.3% -76.8%
0.36 1.55 0.93
Quality of profit
Pre-tax profit −₹1.0 Cr: core business ₹3.0 Cr, other income −₹4.0 Cr.
Core profit YoY: -25.0%
· reported profit -60.0%
Cash & debt
FY25 cash from operations ₹44.0 Cr:
136% of FY25 net profit of ₹32.3 Cr.
Borrowings ₹20.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹73.4 ₹66.0
-10.0% below Net profit ₹5.1 ₹2.0
-60.7% below
M Cap ₹1,078 Cr
P/E 26.5
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 363 bps YoY 73% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-8.0% -9.7%
179 198 195 Operating profit
+71.5% +6.6%
14.0 13.1 8.2 OPM %
+363 bps +119 bps
7.8% 6.6% 4.2% Other income
+738.3% -18.3%
8.0 9.8 1.0 Net profit?
from loss -31.6%
9.0 13.2 -6.4 PAT margin %
+830 bps -161 bps
5.0% 6.6% -3.3% EPS (₹)
from loss -30.2%
0.97 1.39 -0.67
Quality of profit
Pre-tax profit ₹11.0 Cr: core business ₹3.0 Cr, other income ₹8.0 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹143 Cr:
217% of FY25 net profit of ₹65.8 Cr.
Borrowings ₹120 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹150 ₹179
+19.4% above
M Cap ₹1,075 Cr
P/E 41.0
PEG 1.14
Profit +90% above its own trend Operating margin expanded 660 bps YoY Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+114.1% +36.3%
342 251 160 Operating profit
+866.7% +163.6%
29.0 11.0 3.0 OPM %
+660 bps +410 bps
8.5% 4.4% 1.9% Other income
-100.0% -100.0%
0.0 14.0 13.0 Net profit?
+236.6% +80.3%
15.0 8.3 4.4 PAT margin %
+159 bps +107 bps
4.4% 3.3% 2.8% EPS (₹)
+166.7% +100.0%
0.08 0.04 0.03
Quality of profit
Pre-tax profit ₹17.5 Cr: core business ₹18.0 Cr, other income ₹0.0 Cr, exceptional & other items −₹0.5 Cr.
Core profit YoY: from loss
· reported profit +236.6%
Cash & debt
FY25 cash from operations −₹133 Cr:
-535% of FY25 net profit of ₹24.8 Cr.
Borrowings ₹358 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹171 ₹342
+100.4% above Net profit ₹7.9 ₹15.0
+89.6% above
M Cap ₹1,074 Cr
P/E 14.4
PEG 0.90
Profit +20% above its own trend Operating margin expanded 394 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+21.8% +0.9%
48.4 48.0 39.8 Operating profit
+33.2% +6.0%
22.3 21.0 16.7 OPM %
+394 bps +223 bps
46.0% 43.8% 42.1% Other income
+134.3% +51.1%
4.8 3.2 2.1 Net profit
+29.9% +11.4%
19.7 17.7 15.2 PAT margin %
+255 bps +382 bps
40.7% 36.8% 38.1% EPS (₹)
+29.9% +11.3%
16.21 14.56 12.48
Quality of profit
Pre-tax profit ₹26.2 Cr: core business ₹21.4 Cr, other income ₹4.8 Cr.
Core profit YoY: +35.0%
· reported profit +29.9%
Cash & debt
FY25 cash from operations ₹47.0 Cr:
80% of FY25 net profit of ₹58.7 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹41.5 ₹48.4
+16.8% above Net profit ₹16.5 ₹19.7
+19.6% above
Into loss: a profit a year ago Operating margin contracted 694 bps YoY Exceptional items of ₹19.2 Cr in the quarter
₹ Cr YoY
Dec 2025 Dec 2024
Sales
-4.2%
198 207 Operating profit
-88.2%
1.9 16.4 OPM %
-694 bps
1.0% 7.9% Other income
-57.6%
1.1 2.6 Net profit?
to loss -15.0 12.7 PAT margin %
-1366 bps
-7.5% 6.1% EPS (₹)
to loss -3.27 3.36
Quality of profit
Pre-tax profit −₹20.6 Cr: core business −₹2.5 Cr, other income ₹1.1 Cr, exceptional & other items −₹19.2 Cr.
Core profit YoY: to loss
M Cap ₹1,066 Cr
P/E 35.6
PEG 0.94
Turnaround: profit against a loss a year ago Operating margin expanded 933 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-2.6% +2.7%
70.8 68.9 72.7 Operating profit
+261.6% +43.9%
9.0 6.3 2.5 OPM %
+933 bps +366 bps
12.8% 9.1% 3.4% Other income
to loss to loss -0.2 1.5 1.1 Net profit?
from loss +2.4%
2.9 2.9 -3.2 PAT margin %
+861 bps -1 bps
4.1% 4.2% -4.5% EPS (₹)
from loss +0.0%
0.05 0.05 -0.06
Quality of profit
Pre-tax profit ₹5.8 Cr: core business ₹6.0 Cr, other income −₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹10.0 Cr.
Borrowings ₹19.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹66.1 ₹70.8
+7.2% above
M Cap ₹1,065 Cr
P/E 9.7
PEG 0.07
Profit -20% below its own trend Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+52.4% +2.3%
251 245 164 Operating profit
+58.5% +35.1%
43.2 32.0 27.3 OPM %
+66 bps +418 bps
17.2% 13.1% 16.6% Other income
-76.6% -74.2%
1.0 4.0 4.4 Net profit?
+60.2% +18.8%
26.1 22.0 16.3 PAT margin %
+51 bps +144 bps
10.4% 9.0% 9.9% EPS (₹)
— +26.0%
16.35 12.98 14.69
No EPS growth against Dec 2024: ₹10 to ₹1 split in Aug 2026.
Quality of profit
Pre-tax profit ₹35.4 Cr: core business ₹34.4 Cr, other income ₹1.0 Cr.
Core profit YoY: +64.4%
· reported profit +60.2%
Cash & debt
FY25 cash from operations −₹77.0 Cr:
-147% of FY25 net profit of ₹52.3 Cr.
Borrowings ₹258 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹282 ₹251
-11.2% below Net profit ₹32.6 ₹26.1
-19.9% below
M Cap ₹1,064 Cr
P/E 88.6
PEG —
Profit -37% below its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+38.7% +4.0%
153 147 111 Operating profit
+48.5% +3.1%
9.9 9.6 6.7 OPM %
+43 bps -6 bps
6.5% 6.5% 6.0% Other income
-41.6% +43.4%
0.1 0.1 0.2 Net profit?
-48.3% -28.3%
1.5 2.0 2.8 PAT margin %
-159 bps -43 bps
0.9% 1.4% 2.5% EPS (₹)
-48.9% -27.3%
0.93 1.28 1.82
Quality of profit
Pre-tax profit ₹1.9 Cr: core business ₹1.8 Cr, other income ₹0.1 Cr.
Core profit YoY: -47.4%
· reported profit -48.3%
Cash & debt
FY25 cash from operations ₹30.0 Cr:
131% of FY25 net profit of ₹22.9 Cr.
Borrowings ₹86.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹146 ₹153
+4.7% in line Net profit ₹2.3 ₹1.5
-36.8% 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.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 14 Oct 2026, 05:16 IST
