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, 05:16 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 47 of 144

Viceroy Hotels Limited

VHLTD · Hotels & Resorts · Q3 FY26 · Consolidated
M Cap
₹1,061 Cr
P/E
46.6
PEG
0.08
  • Profit -25% below its own trend
  • Operating margin expanded 137 bps YoY
  • 30% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +14%)
  • FY25 operating cash flow was only 41% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +2.4%+25.5% 38.730.837.8
Operating profit +7.1%+56.7% 12.27.811.4
OPM % +137 bps+625 bps 31.4%25.2%30.1%
Other income +697.9%+203.3% 3.21.10.4
Net profit? +50.4%+150.2% 11.04.47.3
PAT margin % +904 bps+1412 bps 28.3%14.2%19.3%
EPS (₹) +41.7%+150.8% 1.630.651.15

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹10.7 Cr: core business ₹7.5 Cr, other income ₹3.2 Cr.

Core profit YoY: +14.3% · reported profit +50.4%

Cash & debt

FY25 cash from operations ₹32.0 Cr: 41% of FY25 net profit of ₹78.0 Cr.

Borrowings ₹52.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹35.5₹38.7 +9.0% above
Net profit₹14.6₹11.0 -24.8% below
📊 Investor presentation (31 Jul) Detailed financials →

Dolat Algotech Limited

DOLATALGO · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,059 Cr
P/E
7.3
PEG
1.83
  • Profit +82% above its own trend
  • Operating margin expanded 556 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -9.2%+83.1% 10859.0119
Operating profit +0.0%+225.0% 65.020.065.0
OPM % +556 bps+2629 bps 60.2%33.9%54.6%
Other income —— 0.00.00.0
Net profit? +2.6%+680.0% 39.05.038.0
PAT margin % +418 bps+2764 bps 36.1%8.5%31.9%
EPS (₹) +4.2%+750.0% 2.210.262.12

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹54.0 Cr: core business ₹54.0 Cr, other income ₹0.0 Cr.

Core profit YoY: +3.8% · reported profit +2.6%

Cash & debt

FY25 cash from operations −₹27.0 Cr: -12% of FY25 net profit of ₹217 Cr.

Borrowings ₹66.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹90.6₹108 +19.3% above
Net profit₹21.5₹39.0 +81.7% above
Detailed financials →

The Hi-Tech Gears Limited

HITECHGEAR · Auto Components · Q3 FY26 · Consolidated
M Cap
₹1,057 Cr
P/E
53.6
PEG
—
  • Profit -75% below its own trend
  • Operating margin contracted 314 bps YoY
  • 98% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +9.0%-7.2% 224241205
Operating profit -17.4%-21.1% 21.927.826.5
OPM % -314 bps-174 bps 9.8%11.5%12.9%
Other income -1.0%+29.2% 3.12.43.1
Net profit? -87.6%-85.8% 0.96.06.9
PAT margin % -297 bps-212 bps 0.4%2.5%3.3%
EPS (₹) -87.4%-85.6% 0.463.203.66

Quality of profit

Core 2%Other income & one-offs 98%

Pre-tax profit ₹3.1 Cr: core business ₹0.1 Cr, other income ₹3.1 Cr.

Core profit YoY: -98.8% · reported profit -87.6%

Cash & debt

FY25 cash from operations ₹149 Cr: 369% of FY25 net profit of ₹40.4 Cr.

Borrowings ₹202 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹162₹224 +38.1% above
Net profit₹3.5₹0.9 -75.2% below
📊 Investor presentation (08 Aug) Detailed financials →

Jindal Photo Limited

JINDALPHOT · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,057 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -999% below its own trend
  • FY25 operating cash flow was only 0% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +33.3%-94.1% 0.610.90.5
Operating profit to lossto loss -11610.80.3
Other income -100.0%-100.0% 0.040.725.5
Net profit? to lossto loss -11747.424.6
EPS (₹) to lossto loss -113.5346.0623.89

Quality of profit

Pre-tax profit −₹117 Cr: core business −₹117 Cr, other income ₹0.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹0.0 Cr: 0% of FY25 net profit of ₹226 Cr.

Borrowings ₹59.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.5₹0.6 +35.1% above
Net profit₹12.3−₹117 -999.0% below
Detailed financials →

IRM Energy Limited

IRMENERGY · Gas Distribution · Q3 FY26 · Consolidated
M Cap
₹1,057 Cr
P/E
6.4
PEG
—
  • Profit +127% above its own trend
  • Operating margin expanded 214 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +75%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +5.6%-89.8% 2892,818273
Operating profit +33.5%-88.9% 29.626722.2
OPM % +214 bps+79 bps 10.3%9.5%8.1%
Other income -8.3%-88.6% 6.355.36.9
Net profit? +38.4%-88.9% 14.012610.1
PAT margin % +115 bps+39 bps 4.8%4.5%3.7%
EPS (₹) +38.2%+11.1% 3.403.062.46

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹22.1 Cr: core business ₹15.8 Cr, other income ₹6.3 Cr.

Core profit YoY: +74.8% · reported profit +38.4%

Cash & debt

FY25 cash from operations ₹94.0 Cr: 207% of FY25 net profit of ₹45.5 Cr.

Borrowings ₹152 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹358₹289 -19.3% below
Net profit₹6.2₹14.0 +126.8% above
📊 Investor presentation (06 Aug) Detailed financials →

Apex Frozen Foods Limited

APEX · Aquaculture & Seafood · Q3 FY26 · Standalone
M Cap
₹1,056 Cr
P/E
20.4
PEG
6.80
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 337 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +14.5%+10.9% 264238231
Operating profit +239.1%+17.8% 13.411.44.0
OPM % +337 bps+30 bps 5.1%4.8%1.7%
Other income +66.1%-56.1% 3.98.82.3
Net profit from loss-15.0% 10.111.9-0.2
PAT margin % +391 bps-116 bps 3.8%5.0%-0.1%
EPS (₹) from loss-15.0% 3.233.80-0.07

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹13.3 Cr: core business ₹9.5 Cr, other income ₹3.9 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹50.0 Cr: 1292% of FY25 net profit of ₹3.9 Cr.

Borrowings ₹73.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹301₹264 -12.2% below
📊 Investor presentation (15 Aug) Detailed financials →

Arihant Capital Markets Limited

ARIHANTCAP · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,056 Cr
P/E
26.2
PEG
8.74
  • Profit -34% below its own trend
  • Operating margin contracted 373 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -5.3%-13.9% 49.057.051.8
Operating profit -16.3%-41.5% 13.923.816.6
OPM % -373 bps-1337 bps 28.4%41.8%32.1%
Other income -95.6%-28.1% 0.20.35.2
Net profit? -57.7%-60.4% 5.213.112.2
PAT margin % -1309 bps-1239 bps 10.6%23.0%23.7%
EPS (₹) -60.2%-62.4% 0.471.251.18

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹7.0 Cr: core business ₹6.8 Cr, other income ₹0.2 Cr.

Core profit YoY: -38.4% · reported profit -57.7%

Cash & debt

FY25 cash from operations ₹30.0 Cr: 51% of FY25 net profit of ₹58.7 Cr.

Borrowings ₹96.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹37.3₹49.0 +31.5% above
Net profit₹7.8₹5.2 -34.0% below
Detailed financials →

Rupa & Company Limited

RUPA · Textiles · Q3 FY26 · Consolidated
M Cap
₹1,052 Cr
P/E
14.0
PEG
1.08
  • Profit -29% below its own trend
  • Operating margin contracted 380 bps YoY
  • Exceptional items of ₹-1.1 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -0.9%-2.1% 314320316
Operating profit -32.3%+15.3% 25.822.338.0
OPM % -380 bps+124 bps 8.2%7.0%12.0%
Other income +29.9%+0.5% 5.75.74.4
Net profit? -31.7%+12.1% 16.314.523.8
PAT margin % -233 bps+66 bps 5.2%4.5%7.5%
EPS (₹) -31.8%+12.1% 2.041.822.99

Quality of profit

Core 79%Other income & one-offs 21%

Pre-tax profit ₹21.7 Cr: core business ₹17.1 Cr, other income ₹5.7 Cr, exceptional & other items −₹1.1 Cr.

Core profit YoY: -39.9% · reported profit -31.7%

Cash & debt

FY25 cash from operations ₹59.0 Cr: 71% of FY25 net profit of ₹83.3 Cr.

Borrowings ₹238 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹321₹314 -2.4% in line
Net profit₹23.0₹16.3 -29.3% below
📊 Investor presentation (12 Feb) Detailed financials →

Stel Holdings Limited

STEL · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹1,051 Cr
P/E
52.3
PEG
3.07
  • Profit +999% above its own trend
  • Operating margin expanded 4919 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —+85.5% 17.29.30.3
Operating profit —+87.7% 17.19.10.1
OPM % +4919 bps+113 bps 99.2%98.1%50.0%
Other income —— 0.00.00.0
Net profit —+88.9% 12.66.70.1
PAT margin % +4314 bps+129 bps 73.1%71.8%30.0%
EPS (₹) —+88.9% 6.823.610.05

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹17.1 Cr: core business ₹17.0 Cr, other income ₹0.0 Cr.

Cash & debt

FY25 cash from operations ₹43.0 Cr: 271% of FY25 net profit of ₹15.9 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.3₹17.2 +999.0% above
Net profit₹0.1₹12.6 +999.0% above
Detailed financials →

MIC Electronics Limited

MICEL · Electronic Components · Q3 FY26 · Consolidated
M Cap
₹1,049 Cr
P/E
—
PEG
—
  • Operating margin contracted 2491 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +668.1%+137.4% 90.238.011.7
Operating profit +15.3%-0.8% 4.04.03.4
OPM % -2491 bps-613 bps 4.4%10.5%29.3%
Other income -70.0%-85.3% 0.11.00.5
Net profit? -13.3%-6.1% 1.92.02.2
PAT margin % -1636 bps-318 bps 2.1%5.3%18.4%
EPS (₹) -11.1%-11.1% 0.080.090.09

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹1.9 Cr: core business ₹1.7 Cr, other income ₹0.1 Cr.

Core profit YoY: +3.2% · reported profit -13.3%

Cash & debt

FY25 cash from operations −₹49.0 Cr: -484% of FY25 net profit of ₹10.1 Cr.

Borrowings ₹48.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹14.8₹90.2 +507.9% above
Net profit₹1.9₹1.9 +0.7% in line
Detailed financials →

Reliance Industrial Infrastructure Limited

RIIL · Logistics · Q3 FY26 · Consolidated
M Cap
₹1,046 Cr
P/E
86.2
PEG
21.56
  • Profit +19% above its own trend
  • Operating margin expanded 437 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.0%+1.6% 12.412.212.4
Operating profit loss narrowedloss widened -2.4-2.1-2.9
OPM % +437 bps-192 bps -19.2%-17.3%-23.5%
Other income +4.8%+1.6% 6.56.46.2
Net profit? +9.9%-1.6% 3.03.12.7
PAT margin % +218 bps-79 bps 24.4%25.1%22.2%
EPS (₹) +9.9%-2.0% 1.992.031.81

Quality of profit

Pre-tax profit ₹3.8 Cr: core business −₹2.7 Cr, other income ₹6.5 Cr.

Core profit YoY: loss narrowed · reported profit +9.9%

Cash & debt

FY25 cash from operations −₹3.0 Cr: -25% of FY25 net profit of ₹12.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹12.4₹12.4 +0.0% in line
Net profit₹2.5₹3.0 +19.0% above
Detailed financials →

Commercial Syn Bags Limited

COMSYN · Packaging · Q3 FY26 · Consolidated
M Cap
₹1,045 Cr
P/E
34.3
PEG
0.71
  • Profit -15% below its own trend
  • Operating margin expanded 149 bps YoY
  • FY25 operating cash flow was only 6% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.7%-1.0% 97.598.586.5
Operating profit +28.0%-49.6% 12.124.09.4
OPM % +149 bps-1198 bps 12.4%24.4%10.9%
Other income +9.4%-86.5% 0.11.10.1
Net profit? +70.6%-28.7% 6.08.43.5
PAT margin % +209 bps-239 bps 6.2%8.6%4.1%
EPS (₹) +70.5%-28.9% 1.502.110.88

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹7.3 Cr: core business ₹7.2 Cr, other income ₹0.1 Cr.

Core profit YoY: +76.9% · reported profit +70.6%

Cash & debt

FY25 cash from operations ₹1.0 Cr: 6% of FY25 net profit of ₹17.1 Cr.

Borrowings ₹115 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹104₹97.5 -5.8% below
Net profit₹7.0₹6.0 -14.7% below
Detailed financials →

Hariom Pipe Industries Limited

HARIOMPIPE · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹1,042 Cr
P/E
15.2
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +21.0%+8.0% 363336300
Operating profit +14.2%+5.9% 45.242.739.6
OPM % -75 bps-25 bps 12.5%12.7%13.2%
Other income +209.4%+65.7% 1.50.90.5
Net profit? +3.2%+11.3% 11.610.411.2
PAT margin % -55 bps+9 bps 3.2%3.1%3.7%
EPS (₹) +1.6%+11.3% 3.743.363.68

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹15.6 Cr: core business ₹14.1 Cr, other income ₹1.5 Cr.

Core profit YoY: -5.7% · reported profit +3.2%

Cash & debt

FY25 cash from operations ₹79.0 Cr: 127% of FY25 net profit of ₹62.2 Cr.

Borrowings ₹401 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹362₹363 +0.2% in line
Net profit₹11.4₹11.6 +1.8% in line
📊 Investor presentation (14 Aug) Detailed financials →

Manoj Vaibhav Gems N Jewellers Limited

MVGJL · Gems & Jewellery · Q3 FY26 · Standalone
M Cap
₹1,041 Cr
P/E
8.6
PEG
0.50
  • Profit +10% above its own trend
  • Core business grew faster than reported profit (core profit +69%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +37.6%-9.4% 685756498
Operating profit +42.1%-1.8% 54.055.038.0
OPM % +25 bps+61 bps 7.9%7.3%7.6%
Other income -100.0%-100.0% 0.02.04.0
Net profit +36.0%+6.2% 34.032.025.0
PAT margin % -6 bps+73 bps 5.0%4.2%5.0%
EPS (₹) +36.6%+8.6% 7.066.505.17

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹44.0 Cr: core business ₹44.0 Cr, other income ₹0.0 Cr.

Core profit YoY: +69.2% · reported profit +36.0%

Cash & debt

FY25 cash from operations −₹67.0 Cr: -66% of FY25 net profit of ₹101 Cr.

Borrowings ₹400 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹554₹685 +23.6% above
Net profit₹30.9₹34.0 +10.1% above
Detailed financials →

Kamdhenu Limited

KAMDHENU · Iron & Steel · Q3 FY26 · Standalone
M Cap
₹1,039 Cr
P/E
12.1
PEG
0.50
  • Profit +54% above its own trend
  • Operating margin expanded 102 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +0%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -3.4%-11.5% 169191175
Operating profit +4.8%-8.3% 22.024.021.0
OPM % +102 bps+45 bps 13.0%12.6%12.0%
Other income from loss+75.0% 7.04.0-2.0
Net profit +75.0%+10.5% 21.019.012.0
PAT margin % +557 bps+248 bps 12.4%9.9%6.9%
EPS (₹) +64.4%+12.1% 0.740.660.45

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹27.0 Cr: core business ₹20.0 Cr, other income ₹7.0 Cr.

Core profit YoY: +0.0% · reported profit +75.0%

Cash & debt

FY25 cash from operations ₹69.0 Cr: 115% of FY25 net profit of ₹60.0 Cr.

Borrowings ₹1.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹191₹169 -11.6% below
Net profit₹13.7₹21.0 +53.6% above
📊 Investor presentation (30 Jul) Detailed financials →

Munjal Auto Industries Limited

MUNJALAU · Auto Components · Q3 FY26 · Consolidated
M Cap
₹1,037 Cr
P/E
18.7
PEG
1.70
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 267 bps YoY
  • 25% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-1.6 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +16.0%+3.7% 606584522
Operating profit +88.4%+59.2% 42.026.422.3
OPM % +267 bps+242 bps 6.9%4.5%4.3%
Other income +40.3%-42.5% 6.511.34.6
Net profit? from loss+8.6% 14.613.5-2.0
PAT margin % +280 bps+11 bps 2.4%2.3%-0.4%
EPS (₹) from loss+20.5% 1.351.12-0.22

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹19.6 Cr: core business ₹14.7 Cr, other income ₹6.5 Cr, exceptional & other items −₹1.6 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹25.0 Cr: 64% of FY25 net profit of ₹39.1 Cr.

Borrowings ₹350 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹615₹606 -1.4% in line
Detailed financials →

Unitech Limited

UNITECH · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹1,036 Cr
P/E
—
PEG
—
  • Exceptional items of ₹-318 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +91.2%+3.6% 14113673.7
Operating profit loss narrowedto loss -2393.1-280
Other income -59.8%-17.3% 12.415.030.7
Net profit? loss widenedloss widened -975-739-717
EPS (₹) loss widenedloss widened -3.25-2.19-2.21

Quality of profit

Pre-tax profit −₹974 Cr: core business −₹668 Cr, other income ₹12.4 Cr, exceptional & other items −₹318 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹73.0 Cr.

Borrowings ₹7,321 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹96.8₹141 +45.7% above
Detailed financials →

Tamilnadu PetroProducts Limited

TNPETRO · Petrochemicals · Q3 FY26 · Consolidated
M Cap
₹1,034 Cr
P/E
7.3
PEG
—
  • Profit -15% below its own trend
  • Operating margin expanded 335 bps YoY
  • 31% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -8.5%-7.9% 421457460
Operating profit +67.4%-24.7% 31.141.318.6
OPM % +335 bps-165 bps 7.4%9.0%4.0%
Other income +43.7%-39.5% 8.213.55.7
Net profit? +69.9%-41.9% 19.934.211.7
PAT margin % +218 bps-277 bps 4.7%7.5%2.5%
EPS (₹) +70.0%-42.0% 2.213.811.30

Quality of profit

Core 69%Other income & one-offs 31%

Pre-tax profit ₹26.1 Cr: core business ₹18.0 Cr, other income ₹8.2 Cr.

Core profit YoY: +71.9% · reported profit +69.9%

Cash & debt

FY25 cash from operations ₹207 Cr: 355% of FY25 net profit of ₹58.4 Cr.

Borrowings ₹135 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹473₹421 -11.0% below
Net profit₹23.4₹19.9 -15.0% below
Detailed financials →

Abans Financial Services Limited

AFSL · Investment & Holding Companies · Q3 FY26 · Consolidated
M Cap
₹1,030 Cr
P/E
7.5
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales -4.9% 6,4956,832
Operating profit -8.3% 44.048.0
OPM % -3 bps 0.7%0.7%
Other income -50.0% 1.02.0
Net profit? -19.0% 34.042.0
PAT margin % -9 bps 0.5%0.6%
EPS (₹) -16.2% 6.337.55

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹36.0 Cr: core business ₹35.0 Cr, other income ₹1.0 Cr.

Detailed financials →

Bafna Pharmaceuticals Limited

BAFNAPH · Pharmaceuticals · Q3 FY26 · Standalone
M Cap
₹1,029 Cr
P/E
132.1
PEG
—
  • Profit +85% above its own trend
  • Operating margin contracted 125 bps YoY
  • 66% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -18%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +15.4%+8.0% 38.335.533.2
Operating profit -0.3%-28.7% 3.04.33.1
OPM % -125 bps-410 bps 8.0%12.1%9.2%
Other income +577.8%+3.4% 1.21.20.2
Net profit +93.7%-41.0% 1.83.10.9
PAT margin % +194 bps-399 bps 4.8%8.8%2.9%
EPS (₹) +95.0%-40.9% 0.781.320.40

Quality of profit

Core 34%Other income & one-offs 66%

Pre-tax profit ₹1.8 Cr: core business ₹0.6 Cr, other income ₹1.2 Cr.

Core profit YoY: -18.4% · reported profit +93.7%

Cash & debt

FY25 cash from operations ₹22.0 Cr: 529% of FY25 net profit of ₹4.2 Cr.

Borrowings ₹28.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹32.9₹38.3 +16.3% above
Net profit₹1.0₹1.8 +85.3% above
Detailed financials →

Prime Securities Limited

PRIMESECU · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,018 Cr
P/E
189.9
PEG
—
  • Profit -70% below its own trend
  • Operating margin contracted 3429 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +42.9%-3.2% 30.031.021.0
Operating profit -60.0%-33.3% 4.06.010.0
OPM % -3429 bps-602 bps 13.3%19.4%47.6%
Other income —— 0.00.00.0
Net profit? -75.0%-85.7% 2.014.08.0
PAT margin % -3143 bps-3849 bps 6.7%45.2%38.1%
EPS (₹) -74.6%-84.8% 0.624.092.44

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹3.0 Cr: core business ₹3.0 Cr, other income ₹0.0 Cr.

Core profit YoY: -70.0% · reported profit -75.0%

Cash & debt

FY25 cash from operations ₹28.0 Cr: 74% of FY25 net profit of ₹38.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹23.1₹30.0 +29.9% above
Net profit₹6.6₹2.0 -69.8% below
Detailed financials →

Fairchem Organics Limited

FAIRCHEMOR · Chemicals · Q3 FY26 · Standalone
M Cap
₹1,016 Cr
P/E
70.7
PEG
—
  • Into loss: a profit a year ago
  • Profit -106% below its own trend
  • Operating margin contracted 273 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -11.8%-10.2% 100112114
Operating profit -46.7%-0.5% 4.24.27.8
OPM % -273 bps+41 bps 4.2%3.8%6.9%
Other income to lossto loss -0.60.40.5
Net profit to lossto loss -0.10.83.5
PAT margin % -320 bps-79 bps -0.1%0.7%3.1%
EPS (₹) to lossto loss -0.080.592.70

Quality of profit

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

Core profit YoY: -90.3%

Cash & debt

FY25 cash from operations −₹17.0 Cr: -77% of FY25 net profit of ₹22.0 Cr.

Borrowings ₹63.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹88.7₹100 +12.9% above
Net profit₹1.8−₹0.1 -105.7% below
📊 Investor presentation (27 Jul) Detailed financials →

Dam Capital Advisors Limited

DAMCAPITAL · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,016 Cr
P/E
14.0
PEG
0.14
  • Profit -22% below its own trend
  • Operating margin contracted 2129 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -32.7%-34.7% 69.9107104
Operating profit -53.7%-56.8% 32.875.970.9
OPM % -2129 bps-2399 bps 46.9%70.9%68.2%
Other income -100.0%— 0.00.00.0
Net profit? -61.1%-61.5% 20.152.151.5
PAT margin % -2086 bps-2003 bps 28.7%48.7%49.5%
EPS (₹) -61.0%-61.5% 2.847.387.29

Quality of profit

Pre-tax profit ₹27.0 Cr: core business ₹27.0 Cr, other income ₹0.0 Cr.

Core profit YoY: -61.1% · reported profit -61.1%

Cash & debt

FY25 cash from operations ₹96.0 Cr.

Borrowings ₹4.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹72.2₹69.9 -3.1% in line
Net profit₹25.8₹20.1 -22.1% below
Detailed financials →

Jindal Poly Investment and Finance Company Limited

JPOLYINVST · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,010 Cr
P/E
1.2
PEG
0.03
  • Profit +999% above its own trend
  • Operating margin contracted 1268 bps YoY
  • FY25 operating cash flow was only 0% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —— 96219.08.0
Operating profit —— 84019.08.0
OPM % -1268 bps-1268 bps 87.3%100.0%100.0%
Other income -100.0%-100.0% 0.043.027.0
Net profit? —— 70258.033.0
PAT margin % —— 73.0%——
EPS (₹) —— 667.8654.7431.80

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹840 Cr: core business ₹840 Cr, other income ₹0.0 Cr.

Cash & debt

FY25 cash from operations ₹1.0 Cr: 0% of FY25 net profit of ₹296 Cr.

Borrowings ₹27.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8.6₹962 +999.0% above
Net profit₹18.1₹702 +999.0% above
Detailed financials →

Wonder Electricals Limited

WEL · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹1,007 Cr
P/E
83.7
PEG
—
  • Profit -80% below its own trend
  • Operating margin contracted 193 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -31.1%+60.2% 15395.2222
Operating profit -56.6%+16.7% 5.04.311.6
OPM % -193 bps-123 bps 3.3%4.5%5.2%
Other income -99.6%— 0.00.00.4
Net profit? -88.9%+117.6% 0.60.35.1
PAT margin % -193 bps+10 bps 0.4%0.3%2.3%
EPS (₹) -89.5%+100.0% 0.040.020.38

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹0.8 Cr: core business ₹0.8 Cr, other income ₹0.0 Cr.

Core profit YoY: -89.6% · reported profit -88.9%

Cash & debt

FY25 cash from operations −₹22.0 Cr: -116% of FY25 net profit of ₹19.0 Cr.

Borrowings ₹124 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹155₹153 -1.9% in line
Net profit₹2.9₹0.6 -80.4% below
Detailed financials →

Orient Green Power Company Limited

GREENPOWER · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹1,004 Cr
P/E
15.0
PEG
0.17
  • Operating margin expanded 484 bps YoY
  • Exceptional items of ₹-3.1 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.3%-72.5% 36.013134.5
Operating profit +20.4%-87.0% 13.099.910.8
OPM % +484 bps-4015 bps 36.1%76.2%31.2%
Other income -30.6%-7.9% 4.14.45.9
Net profit? loss narrowedto loss -21.480.9-22.0
PAT margin % +419 bps-12136 bps -59.6%61.8%-63.8%
EPS (₹) loss narrowedto loss -0.190.69-0.20

Quality of profit

Pre-tax profit −₹21.3 Cr: core business −₹22.2 Cr, other income ₹4.1 Cr, exceptional & other items −₹3.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹169 Cr: 483% of FY25 net profit of ₹35.0 Cr.

Borrowings ₹552 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹35.7₹36.0 +0.7% in line
Detailed financials →

Gulshan Polyols Limited

GULPOLY · Agricultural Products · Q3 FY26 · Standalone
M Cap
₹1,003 Cr
P/E
6.7
PEG
0.19
  • Profit +359% above its own trend
  • Operating margin expanded 917 bps YoY
  • Core business grew faster than reported profit (core profit +582%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +2.8%+15.7% 627542610
Operating profit +217.7%+102.4% 85.042.026.8
OPM % +917 bps+581 bps 13.6%7.7%4.4%
Other income -100.0%— 0.00.00.7
Net profit +505.1%+156.2% 41.016.06.8
PAT margin % +543 bps+359 bps 6.5%3.0%1.1%
EPS (₹) +501.8%+163.5% 6.562.491.09

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹58.0 Cr: core business ₹57.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +581.8% · reported profit +505.1%

Cash & debt

FY25 cash from operations ₹42.0 Cr: 117% of FY25 net profit of ₹36.0 Cr.

Borrowings ₹392 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹921₹627 -31.9% below
Net profit₹8.9₹41.0 +359.0% above
📊 Investor presentation (06 Aug) Detailed financials →

Dhunseri Ventures Limited

DVL · Packaging · Q3 FY26 · Consolidated
M Cap
₹1,003 Cr
P/E
5.2
PEG
—
  • Profit -97% below its own trend
  • Operating margin contracted 8842 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -36.3%+4.3% 72.069.0113
Operating profit to lossloss widened -42.0-41.034.0
OPM % -8842 bps+109 bps -58.3%-59.4%30.1%
Other income -13.9%+19.2% 62.052.072.0
Net profit? -93.5%from loss 6.0-13.093.0
PAT margin % -7397 bps+2717 bps 8.3%-18.8%82.3%
EPS (₹) -93.5%from loss 1.73-3.0526.70

Quality of profit

Pre-tax profit ₹4.0 Cr: core business −₹58.0 Cr, other income ₹62.0 Cr.

Core profit YoY: to loss · reported profit -93.5%

Cash & debt

FY25 cash from operations −₹378 Cr: -262% of FY25 net profit of ₹144 Cr.

Borrowings ₹388 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹84.8₹72.0 -15.1% below
Net profit₹186₹6.0 -96.8% below
Detailed financials →

Master Trust Limited

MASTERTR · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,001 Cr
P/E
7.5
PEG
0.31
  • Profit +14% above its own trend
  • Operating margin expanded 128 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -7.4%+7.9% 137127148
Operating profit -4.7%+3.4% 61.059.064.0
OPM % +128 bps-193 bps 44.5%46.5%43.2%
Other income —— 0.00.00.0
Net profit? -8.6%+3.2% 32.031.035.0
PAT margin % -29 bps-105 bps 23.4%24.4%23.6%
EPS (₹) -18.2%+0.4% 2.562.553.13

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹45.0 Cr: core business ₹45.0 Cr, other income ₹0.0 Cr.

Core profit YoY: -4.3% · reported profit -8.6%

Cash & debt

FY25 cash from operations −₹37.0 Cr: -28% of FY25 net profit of ₹132 Cr.

Borrowings ₹258 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹122₹137 +12.2% above
Net profit₹28.2₹32.0 +13.6% above
Detailed financials →

Butterfly Gandhimathi Appliances Limited

BUTTERFLY · Consumer Durables & Appliances · Q3 FY26 · Standalone
M Cap
₹999 Cr
P/E
20.9
PEG
—
  • Profit -29% below its own trend
  • Operating margin expanded 102 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +2.9%-16.4% 245293238
Operating profit +17.6%-28.6% 20.028.017.0
OPM % +102 bps-139 bps 8.2%9.6%7.1%
Other income +0.0%+0.0% 1.01.01.0
Net profit +37.5%-35.3% 11.017.08.0
PAT margin % +113 bps-131 bps 4.5%5.8%3.4%
EPS (₹) +29.5%-36.7% 6.029.514.65

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹15.0 Cr: core business ₹14.0 Cr, other income ₹1.0 Cr.

Core profit YoY: +40.0% · reported profit +37.5%

Cash & debt

FY25 cash from operations ₹34.0 Cr: 103% of FY25 net profit of ₹33.0 Cr.

Borrowings ₹12.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹265₹245 -7.5% below
Net profit₹15.5₹11.0 -29.2% 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