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, 06:44 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 49 of 144

Regaal Resources Limited

REGAAL · Agricultural Products · Q3 FY26 · Standalone
M Cap
₹930 Cr
P/E
15.4
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +0.9% 323320
Operating profit +0.0% 35.035.0
OPM % -10 bps 10.8%10.9%
Other income — -6.00.0
Net profit -23.5% 13.017.0
PAT margin % -129 bps 4.0%5.3%
EPS (₹) -20.9% 1.291.63

Quality of profit

Pre-tax profit ₹17.0 Cr: core business ₹24.0 Cr, other income −₹6.0 Cr, exceptional & other items −₹1.0 Cr.

📊 Investor presentation (14 Aug) Detailed financials →

Sree Rayalaseema Hi-Strength Hypo Limited

SRHHYPOLTD · Chemicals · Q3 FY26 · Standalone
M Cap
₹930 Cr
P/E
9.9
PEG
—
  • Operating margin contracted 316 bps YoY
  • 54% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -20%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +2.2%-22.5% 141182138
Operating profit -19.0%-37.0% 17.027.021.0
OPM % -316 bps-278 bps 12.1%14.8%15.2%
Other income +46.2%+171.4% 19.07.013.0
Net profit +0.0%+0.0% 24.024.024.0
PAT margin % -37 bps+383 bps 17.0%13.2%17.4%
EPS (₹) +3.3%-0.3% 14.1614.2013.71

Quality of profit

Core 46%Other income & one-offs 54%

Pre-tax profit ₹35.0 Cr: core business ₹16.0 Cr, other income ₹19.0 Cr.

Core profit YoY: -20.0% · reported profit +0.0%

Cash & debt

FY25 cash from operations ₹88.0 Cr: 92% of FY25 net profit of ₹95.3 Cr.

Borrowings ₹15.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹141₹141 +0.1% in line
Net profit₹25.4₹24.0 -5.7% in line
Detailed financials →

GKW Limited

GKWLIMITED · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹927 Cr
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • 42% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +647.1%-6.5% 10.210.91.4
Operating profit from lossfrom loss 7.0-12.9-28.4
OPM % —— 69.2%——
Other income +42.3%-2.8% 2.82.92.0
Net profit from lossfrom loss 5.1-15.6-31.2
PAT margin % —— 50.0%——
EPS (₹) from lossfrom loss 8.47-25.98-52.03

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹6.6 Cr: core business ₹3.8 Cr, other income ₹2.8 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations −₹203 Cr.

Borrowings ₹0.4 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1.1₹10.2 +795.0% above
Detailed financials →

Advance Agrolife Limited

ADVANCE · Pesticides & Agrochemicals · Q3 FY26 · Standalone
M Cap
₹926 Cr
P/E
18.9
PEG
—
  • 25% of pre-tax profit came from other income and one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales -37.4% 133213
Operating profit -72.8% 7.025.8
OPM % -686 bps 5.3%12.1%
Other income +338.6% 1.00.2
Net profit -81.1% 3.015.9
PAT margin % -521 bps 2.3%7.5%
EPS (₹) -86.7% 0.473.53

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹4.0 Cr: core business ₹3.0 Cr, other income ₹1.0 Cr.

📊 Investor presentation (06 Aug) Detailed financials →

SRM Contractors Limited

SRM · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹924 Cr
P/E
7.8
PEG
0.10
  • Profit -25% below its own trend
  • Operating margin expanded 440 bps YoY
  • Core business grew faster than reported profit (core profit +116%)
  • FY25 operating cash flow was only 2% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +54.1%+12.2% 231206150
Operating profit +100.4%+52.0% 44.129.022.0
OPM % +440 bps+499 bps 19.1%14.1%14.7%
Other income -83.9%-51.7% 0.51.03.0
Net profit? +50.6%+20.5% 24.120.016.0
PAT margin % -24 bps+71 bps 10.4%9.7%10.7%
EPS (₹) +50.6%+20.0% 10.508.756.97

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹37.3 Cr: core business ₹36.8 Cr, other income ₹0.5 Cr.

Core profit YoY: +116.3% · reported profit +50.6%

Cash & debt

FY25 cash from operations ₹1.0 Cr: 2% of FY25 net profit of ₹55.1 Cr.

Borrowings ₹41.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹300₹231 -22.9% below
Net profit₹32.0₹24.1 -24.7% below
📊 Investor presentation (14 Aug) Detailed financials →

Madras Fertilizers Limited

MADRASFERT · Fertilizers · Q3 FY26 · Standalone
M Cap
₹922 Cr
P/E
12.9
PEG
—
  • Profit -98% below its own trend
  • Operating margin contracted 1411 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -47.6%-17.8% 419510799
Operating profit to lossto loss -3.012.0107
OPM % -1411 bps-307 bps -0.7%2.4%13.4%
Other income +166.7%+4.3% 24.023.09.0
Net profit -96.0%-76.9% 3.013.075.0
PAT margin % -867 bps-183 bps 0.7%2.5%9.4%
EPS (₹) -96.5%-80.0% 0.160.804.63

Quality of profit

Pre-tax profit ₹4.0 Cr: core business −₹21.0 Cr, other income ₹24.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: to loss · reported profit -96.0%

Cash & debt

FY25 cash from operations ₹116 Cr: 178% of FY25 net profit of ₹65.0 Cr.

Borrowings ₹1,594 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹793₹419 -47.2% below
Net profit₹150₹3.0 -98.0% below
Detailed financials →

RSWM Limited

RSWM · Textiles · Q3 FY26 · Consolidated
M Cap
₹921 Cr
P/E
14.5
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 202 bps YoY
  • 85% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-10.2 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -8.8%-5.2% 1,0911,1511,196
Operating profit +34.7%-5.8% 68.272.450.6
OPM % +202 bps-4 bps 6.3%6.3%4.2%
Other income +87.0%+49.7% 13.79.17.3
Net profit? from loss-68.0% 2.47.4-9.2
PAT margin % +99 bps-43 bps 0.2%0.6%-0.8%
EPS (₹) from loss-68.4% 0.501.58-1.96

Quality of profit

Core 15%Other income & one-offs 85%

Pre-tax profit ₹4.4 Cr: core business ₹0.7 Cr, other income ₹13.7 Cr, exceptional & other items −₹10.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹426 Cr.

Borrowings ₹1,716 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,231₹1,091 -11.4% below
📊 Investor presentation (05 Aug) Detailed financials →

Max India Limited

MAXIND · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹916 Cr
P/E
—
PEG
—
  • Operating margin expanded 199 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +22.9%-4.4% 43.045.035.0
Operating profit loss widenedloss widened -36.0-31.0-30.0
OPM % +199 bps-1483 bps -83.7%-68.9%-85.7%
Other income from loss-20.0% 4.05.0-8.0
Net profit? loss narrowedloss widened -43.0-34.0-45.0
PAT margin % —-2444 bps -100.0%-75.6%—
EPS (₹) loss narrowedloss widened -8.17-6.52-8.68

Quality of profit

Pre-tax profit −₹41.0 Cr: core business −₹45.0 Cr, other income ₹4.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹128 Cr.

Borrowings ₹102 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹34.6₹43.0 +24.1% above
📊 Investor presentation (11 Aug) Detailed financials →

Consolidated Finvest & Holdings Limited

CONSOFINVT · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹915 Cr
P/E
16.6
PEG
—
  • Profit -20% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income -23.5%-31.6% 13.019.017.0
Net profit -20.0%-25.0% 12.016.015.0
EPS (₹) -21.3%-23.7% 3.704.854.70

Against its own trend ?

TrendActualGap
Total income₹19.8₹13.0 -34.4% below
Net profit₹15.0₹12.0 -20.1% below
Detailed financials →

Jaro Institute of Technology Management and Research Limited

JARO · Education & E-Learning · Q3 FY26 · Consolidated
M Cap
₹912 Cr
P/E
—
PEG
—
₹ Cr Dec 2025
Sales 60.0
Operating profit 10.5
OPM % 17.5%
Other income 1.8
Net profit? 7.0
PAT margin % 11.7%
EPS (₹) 3.17

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 81%Other income & one-offs 19%

Pre-tax profit ₹9.3 Cr: core business ₹7.5 Cr, other income ₹1.8 Cr.

📊 Investor presentation (30 Jan) Detailed financials →

Centrum Capital Limited

CENTRUM · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹906 Cr
P/E
—
PEG
—
  • Operating margin contracted 847 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.1%+6.7% 878823877
Operating profit -22.7%+43.2% 252176326
OPM % -847 bps+732 bps 28.7%21.4%37.2%
Other income +223.5%-80.1% 55.027617.0
Net profit? loss widenedloss widened -135-8.0-59.0
PAT margin % -865 bps-1440 bps -15.4%-1.0%-6.7%
EPS (₹) loss widenedloss widened -2.12-0.88-1.26

Quality of profit

Pre-tax profit −₹164 Cr: core business −₹219 Cr, other income ₹55.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹2,532 Cr.

Borrowings ₹16,221 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,205₹878 -27.1% below
Detailed financials →

Pudumjee Paper Products Limited

PDMJEPAPER · Paper · Q3 FY26 · Standalone
M Cap
₹901 Cr
P/E
9.8
PEG
0.58
  • Profit +81% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +5.3%-1.4% 204207194
Operating profit +9.6%+0.0% 28.028.025.5
OPM % +54 bps+20 bps 13.7%13.5%13.2%
Other income -26.3%from loss 4.0-1.05.4
Net profit +7.3%+23.5% 21.017.019.6
PAT margin % +19 bps+208 bps 10.3%8.2%10.1%
EPS (₹) +5.8%+22.5% 2.181.782.06

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹28.0 Cr: core business ₹23.0 Cr, other income ₹4.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +6.5% · reported profit +7.3%

Cash & debt

FY25 cash from operations ₹82.0 Cr: 85% of FY25 net profit of ₹95.9 Cr.

Borrowings ₹14.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹182₹204 +12.0% above
Net profit₹11.6₹21.0 +80.9% above
Detailed financials →

Salzer Electronics Limited

SALZERELEC · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹896 Cr
P/E
20.2
PEG
1.83
  • Profit -20% below its own trend
  • Operating margin contracted 171 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +24.2%+1.3% 424419341
Operating profit +4.1%+2.5% 37.536.636.0
OPM % -171 bps+10 bps 8.8%8.7%10.5%
Other income -88.7%-33.8% 0.20.32.0
Net profit? -18.1%-5.1% 12.713.415.5
PAT margin % -155 bps-20 bps 3.0%3.2%4.5%
EPS (₹) -20.1%-4.6% 7.017.358.77

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹18.4 Cr: core business ₹18.2 Cr, other income ₹0.2 Cr.

Core profit YoY: -5.6% · reported profit -18.1%

Cash & debt

FY25 cash from operations −₹11.0 Cr: -16% of FY25 net profit of ₹68.5 Cr.

Borrowings ₹422 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹419₹424 +1.3% in line
Net profit₹15.9₹12.7 -20.3% below
📊 Investor presentation (09 Aug) Detailed financials →

Nahar Spinning Mills Limited

NAHARSPING · Textiles · Q3 FY26 · Standalone
M Cap
₹894 Cr
P/E
41.8
PEG
—
  • Into loss: a profit a year ago
  • Operating margin contracted 261 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -13.5%-9.8% 703779812
Operating profit -61.7%-43.0% 14.625.638.0
OPM % -261 bps-121 bps 2.1%3.3%4.7%
Other income +104.9%+136.3% 4.11.72.0
Net profit to lossloss widened -12.9-4.61.0
PAT margin % -196 bps-124 bps -1.8%-0.6%0.1%
EPS (₹) to lossloss widened -2.67-1.290.21

Quality of profit

Pre-tax profit −₹17.1 Cr: core business −₹21.2 Cr, other income ₹4.1 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹93.0 Cr: 738% of FY25 net profit of ₹12.6 Cr.

Borrowings ₹1,101 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹843₹703 -16.6% below
Detailed financials →

R M Drip and Sprinklers Systems Limited

RMDRIP · Plastic Products · Q3 FY26 · Consolidated
M Cap
₹887 Cr
P/E
25.3
PEG
—
  • Profit -32% below its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +55.0%+139.4% 74.631.248.1
Operating profit +51.9%+169.1% 22.68.414.9
OPM % -63 bps+335 bps 30.3%26.9%30.9%
Other income -68.3%-95.7% 0.11.80.2
Net profit? +36.9%+145.3% 14.15.710.3
PAT margin % -250 bps+46 bps 18.8%18.4%21.3%
EPS (₹) +36.1%+151.3% adj. 0.330.130.24

EPS restated for the 5:7 bonus of Apr 2026: Dec 2025 ₹0.56 to ₹0.33.

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹20.9 Cr: core business ₹20.9 Cr, other income ₹0.1 Cr.

Core profit YoY: +55.5% · reported profit +36.9%

Cash & debt

FY25 cash from operations −₹27.0 Cr: -105% of FY25 net profit of ₹25.7 Cr.

Borrowings ₹26.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹65.1₹74.6 +14.6% above
Net profit₹20.5₹14.1 -31.6% below
Detailed financials →

Likhitha Infrastructure Limited

LIKHITHA · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹885 Cr
P/E
27.6
PEG
—
  • Profit -41% below its own trend
  • Operating margin contracted 706 bps YoY
  • FY25 operating cash flow was only 3% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -10.9%+9.0% 111102125
Operating profit -43.4%-17.2% 13.716.624.2
OPM % -706 bps-390 bps 12.3%16.2%19.4%
Other income -35.5%-6.9% 0.80.91.3
Net profit? -46.5%-20.7% 9.111.517.1
PAT margin % -545 bps-307 bps 8.2%11.3%13.7%
EPS (₹) -45.7%-19.5% 2.352.924.33

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹12.4 Cr: core business ₹11.6 Cr, other income ₹0.8 Cr.

Core profit YoY: -47.0% · reported profit -46.5%

Cash & debt

FY25 cash from operations ₹2.0 Cr: 3% of FY25 net profit of ₹69.2 Cr.

Borrowings ₹1.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹130₹111 -14.6% below
Net profit₹15.4₹9.1 -40.6% below
Detailed financials →

Dwarikesh Sugar Industries Limited

DWARKESH · Sugar · Q3 FY26 · Standalone
M Cap
₹884 Cr
P/E
—
PEG
—
  • Profit -12% below its own trend
  • Operating margin expanded 307 bps YoY
  • Core business grew faster than reported profit (core profit +108%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +3.8%+32.1% 325246313
Operating profit +40.7%from loss 38.0-41.027.0
OPM % +307 bps+2836 bps 11.7%-16.7%8.6%
Other income -25.0%+50.0% 3.02.04.0
Net profit +36.4%from loss 15.0-33.011.0
PAT margin % +110 bps+1803 bps 4.6%-13.4%3.5%
EPS (₹) +43.1%from loss 0.83-1.760.58

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹27.0 Cr: core business ₹25.0 Cr, other income ₹3.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +108.3% · reported profit +36.4%

Cash & debt

FY25 cash from operations ₹61.0 Cr: 265% of FY25 net profit of ₹23.0 Cr.

Borrowings ₹507 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹342₹325 -5.1% below
Net profit₹17.1₹15.0 -12.0% below
📊 Investor presentation (28 Jul) Detailed financials →

Bcl Industries Limited

BCLIND · Diversified Conglomerates · Q3 FY26 · Consolidated
M Cap
₹881 Cr
P/E
6.9
PEG
0.34
  • Profit +118% above its own trend
  • Operating margin expanded 379 bps YoY
  • Core business grew faster than reported profit (core profit +166%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +38.6%+5.1% 726691524
Operating profit +135.3%+0.0% 67.067.028.5
OPM % +379 bps-47 bps 9.2%9.7%5.4%
Other income +5.3%+100.0% 2.01.01.9
Net profit? +145.9%+9.4% 35.032.014.2
PAT margin % +210 bps+19 bps 4.8%4.6%2.7%
EPS (₹) +127.1%+11.2% 1.090.980.48

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹48.0 Cr: core business ₹47.0 Cr, other income ₹2.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +166.0% · reported profit +145.9%

Cash & debt

FY25 cash from operations ₹63.0 Cr: 65% of FY25 net profit of ₹97.1 Cr.

Borrowings ₹536 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹551₹726 +31.7% above
Net profit₹16.0₹35.0 +118.3% above
📊 Investor presentation (13 Aug) Detailed financials →

Dharmaj Crop Guard Limited

DHARMAJ · Pesticides & Agrochemicals · Q3 FY26 · Consolidated
M Cap
₹880 Cr
P/E
14.6
PEG
—
  • Profit -57% below its own trend
  • Operating margin contracted 158 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.6%-45.4% 190347175
Operating profit -22.9%-77.0% 7.331.89.5
OPM % -158 bps-529 bps 3.9%9.2%5.4%
Other income from loss— 3.20.0-0.0
Net profit? -35.6%-95.6% 0.817.31.2
PAT margin % -28 bps-459 bps 0.4%5.0%0.7%
EPS (₹) -37.1%-95.7% 0.225.130.35

Quality of profit

Pre-tax profit ₹1.0 Cr: core business −₹2.2 Cr, other income ₹3.2 Cr.

Core profit YoY: to loss · reported profit -35.6%

Cash & debt

FY25 cash from operations ₹39.0 Cr: 112% of FY25 net profit of ₹34.8 Cr.

Borrowings ₹116 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹223₹190 -15.0% below
Net profit₹1.8₹0.8 -56.9% below
📊 Investor presentation (07 Aug) Detailed financials →

Krystal Integrated Services Limited

KRYSTAL · Commercial & Business Services · Q3 FY26 · Consolidated
M Cap
₹880 Cr
P/E
13.5
PEG
0.34
  • 26% 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 +10.7%+7.9% 306283276
Operating profit +15.8%+14.4% 20.517.917.7
OPM % +30 bps+38 bps 6.7%6.3%6.4%
Other income +21.6%+3.7% 4.74.53.8
Net profit? +5.0%+20.8% 15.913.215.1
PAT margin % -28 bps+55 bps 5.2%4.6%5.5%
EPS (₹) +5.0%+20.8% 11.389.4210.84

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹18.2 Cr: core business ₹13.6 Cr, other income ₹4.7 Cr.

Core profit YoY: +2.3% · reported profit +5.0%

Cash & debt

FY25 cash from operations −₹32.0 Cr: -51% of FY25 net profit of ₹62.5 Cr.

Borrowings ₹91.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹321₹306 -4.6% in line
Net profit₹16.2₹15.9 -1.6% in line
📊 Investor presentation (07 May) Detailed financials →

Electrotherm (India) Limited

ELECTHERM · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹879 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -149% below its own trend
  • Operating margin contracted 1338 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -16.4%+11.0% 9048141,081
Operating profit to lossloss widened -30.6-12.1108
OPM % -1338 bps-190 bps -3.4%-1.5%10.0%
Other income -85.7%-71.1% 0.41.42.7
Net profit? to lossloss widened -35.4-21.688.0
PAT margin % -1206 bps-126 bps -3.9%-2.7%8.1%
EPS (₹) to lossloss widened -27.80-16.9769.11

Quality of profit

Pre-tax profit −₹46.3 Cr: core business −₹46.7 Cr, other income ₹0.4 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹329 Cr: 75% of FY25 net profit of ₹442 Cr.

Borrowings ₹1,287 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,029₹904 -12.2% below
Net profit₹72.5−₹35.4 -148.9% below
Detailed financials →

Hexa Tradex Limited

HEXATRADEX · Investment & Holding Companies · Q3 FY26 · Consolidated
M Cap
₹873 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —-99.4% 0.03.10.0
Operating profit loss widenedto loss -4.20.1-1.8
Other income -89.3%— 0.80.07.7
Net profit? to lossloss widened -4.3-0.926.2
EPS (₹) to lossloss widened -0.79-0.164.74

Quality of profit

Pre-tax profit −₹3.7 Cr: core business −₹4.5 Cr, other income ₹0.8 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹22.5 Cr.

Borrowings ₹21.6 Cr at Mar 2025.

Detailed financials →

Zuari Agro Chemicals Limited

ZUARI · Fertilizers · Q3 FY26 · Consolidated
M Cap
₹868 Cr
P/E
0.9
PEG
0.03
  • Profit -75% below its own trend
  • Operating margin contracted 660 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -72.8%-75.8% 3441,4231,264
Operating profit -92.3%-94.8% 9.0174117
OPM % -660 bps-961 bps 2.6%12.2%9.2%
Other income -15.0%-95.3% 43.092350.6
Net profit? -50.6%-95.2% 40.084081.0
PAT margin % +522 bps-4740 bps 11.6%59.0%6.4%
EPS (₹) -27.3%-95.1% 9.43191.6812.97

Quality of profit

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

Core profit YoY: to loss · reported profit -50.6%

Cash & debt

FY25 cash from operations ₹511 Cr: 222% of FY25 net profit of ₹230 Cr.

Borrowings ₹717 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,519₹344 -77.4% below
Net profit₹162₹40.0 -75.3% below
Detailed financials →

Ambika Cotton Mills Limited

AMBIKCO · Textiles · Q3 FY26 · Standalone
M Cap
₹867 Cr
P/E
10.6
PEG
—
  • Core business grew faster than reported profit (core profit +31%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.5%-13.0% 174200156
Operating profit +13.6%-7.4% 25.027.022.0
OPM % +27 bps+87 bps 14.4%13.5%14.1%
Other income -50.0%+0.0% 3.03.06.0
Net profit +7.1%-6.2% 15.016.014.0
PAT margin % -35 bps+62 bps 8.6%8.0%9.0%
EPS (₹) +6.3%-4.8% 26.5027.8424.94

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹20.0 Cr: core business ₹17.0 Cr, other income ₹3.0 Cr.

Core profit YoY: +30.8% · reported profit +7.1%

Cash & debt

FY25 cash from operations ₹129 Cr: 195% of FY25 net profit of ₹66.0 Cr.

Borrowings ₹51.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹134₹174 +30.1% above
Net profit₹14.5₹15.0 +3.2% in line
Detailed financials →

Tirupati Forge Limited

TIRUPATIFL · Castings & Forgings · Q3 FY26 · Standalone
M Cap
₹866 Cr
P/E
141.9
PEG
—
  • Profit +160% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +85.9%+22.5% 48.639.726.1
Operating profit +95.9%+57.6% 5.13.22.6
OPM % +53 bps+233 bps 10.5%8.1%9.9%
Other income +64.9%-37.7% 0.71.10.4
Net profit +53.9%+50.7% 2.01.31.3
PAT margin % -86 bps+78 bps 4.2%3.4%5.0%
EPS (₹) +23.1%+45.5% 0.160.110.13

Quality of profit

Core 76%Other income & one-offs 24%

Pre-tax profit ₹2.7 Cr: core business ₹2.1 Cr, other income ₹0.7 Cr.

Core profit YoY: +54.5% · reported profit +53.9%

Cash & debt

FY25 cash from operations ₹6.0 Cr: 76% of FY25 net profit of ₹7.9 Cr.

Borrowings ₹26.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹25.4₹48.6 +91.5% above
Net profit₹0.8₹2.0 +160.3% above
Detailed financials →

Indosolar Limited

WAAREEINDO · Electrical Equipment · Q3 FY26 · Standalone
M Cap
₹862 Cr
P/E
5.2
PEG
—
  • Operating margin expanded 1272 bps YoY
  • Core business grew faster than reported profit (core profit +564%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +94.2%-1.3% 200203103
Operating profit +202.6%+0.4% 71.070.723.5
OPM % +1272 bps+58 bps 35.5%34.9%22.8%
Other income -100.0%-100.0% 0.00.00.9
Net profit +300.6%-11.5% 41.046.310.2
PAT margin % +1056 bps-238 bps 20.5%22.9%9.9%
EPS (₹) +305.3%-10.5% 9.9711.142.46

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹62.0 Cr: core business ₹62.0 Cr, other income ₹0.0 Cr.

Core profit YoY: +563.6% · reported profit +300.6%

Detailed financials →

Magadh Sugar & Energy Limited

MAGADSUGAR · Sugar · Q3 FY26 · Standalone
M Cap
₹857 Cr
P/E
16.7
PEG
2.09
  • Profit +121% above its own trend
  • Operating margin expanded 248 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.2%-8.6% 296324284
Operating profit +23.1%— 48.02.039.0
OPM % +248 bps+1560 bps 16.2%0.6%13.7%
Other income to loss— -1.00.01.0
Net profit +19.0%from loss 25.0-10.021.0
PAT margin % +105 bps+1153 bps 8.4%-3.1%7.4%
EPS (₹) +18.6%from loss 17.80-7.3415.01

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹35.0 Cr: core business ₹35.0 Cr, other income −₹1.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +29.6% · reported profit +19.0%

Cash & debt

FY25 cash from operations ₹139 Cr: 128% of FY25 net profit of ₹109 Cr.

Borrowings ₹707 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹317₹296 -6.6% below
Net profit₹11.3₹25.0 +121.1% above
📊 Investor presentation (04 Aug) Detailed financials →

Hexagon Nutrition Limited

HEXAGON · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹856 Cr
P/E
—
PEG
—
₹ Cr Dec 2025
Sales 99.5
Operating profit 15.3
OPM % 15.4%
Other income 2.3
Net profit? 10.4
PAT margin % 10.5%
EPS (₹) 0.94

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

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹13.9 Cr: core business ₹11.7 Cr, other income ₹2.3 Cr.

📊 Investor presentation (14 Aug) Detailed financials →

Sejal Glass Limited

SEJALLTD · Glass · Q3 FY26 · Consolidated
M Cap
₹856 Cr
P/E
22.5
PEG
0.47
  • Profit -17% below its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +62.9%-2.9% 10110462.0
Operating profit +66.7%-11.8% 15.017.09.0
OPM % +34 bps-150 bps 14.9%16.3%14.5%
Other income +0.0%-50.0% 1.02.01.0
Net profit? +66.7%-37.5% 5.08.03.0
PAT margin % +11 bps-274 bps 5.0%7.7%4.8%
EPS (₹) +31.4%-44.8% 4.397.953.34

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹6.0 Cr: core business ₹5.0 Cr, other income ₹1.0 Cr.

Core profit YoY: +66.7% · reported profit +66.7%

Cash & debt

FY25 cash from operations −₹6.0 Cr: -57% of FY25 net profit of ₹10.4 Cr.

Borrowings ₹183 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹87.5₹101 +15.4% above
Net profit₹6.0₹5.0 -16.7% 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