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, 07:31 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 52 of 144

Vascon Engineers Limited

VASCONEQ · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹709 Cr
P/E
12.5
PEG
—
  • Profit -89% below its own trend
  • Operating margin expanded 315 bps YoY
  • Core business grew faster than reported profit (core profit +3%)
  • FY25 operating cash flow was only 4% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -24.1%-0.8% 224226295
Operating profit +11.0%+42.0% 22.215.720.0
OPM % +315 bps+300 bps 9.9%6.9%6.8%
Other income +17.0%-41.7% 4.47.63.8
Net profit? -77.1%+51.4% 17.311.475.6
PAT margin % -1790 bps+267 bps 7.7%5.1%25.6%
EPS (₹) -76.6%+54.9% 0.790.513.38

Quality of profit

Core 76%Other income & one-offs 24%

Pre-tax profit ₹18.7 Cr: core business ₹14.3 Cr, other income ₹4.4 Cr.

Core profit YoY: +3.4% · reported profit -77.1%

Cash & debt

FY25 cash from operations ₹5.0 Cr: 4% of FY25 net profit of ₹118 Cr.

Borrowings ₹206 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹379₹224 -41.0% below
Net profit₹151₹17.3 -88.6% below
📊 Investor presentation (12 Aug) Detailed financials →

Manba Finance Limited

MANBA · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹707 Cr
P/E
15.7
PEG
0.36
  • Profit -31% below its own trend
  • Gross NPA up 55 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +30.4%+15.4% 90.078.069.0
Net interest income +17.1%+11.6% 48.043.041.0
Other income —— 0.00.00.0
Net profit +0.0%+18.2% 13.011.013.0
EPS (₹) +0.8%+14.5% 2.602.272.58
Gross NPA % +55 bps— 3.4%—2.8%
Net NPA % +36 bps— 2.6%—2.2%

Against its own trend ?

TrendActualGap
NII₹51.6₹48.0 -6.9% below
Net profit₹19.0₹13.0 -31.4% below
📊 Investor presentation (28 Jul) Detailed financials →

Kothari Petrochemicals Limited

KOTHARIPET · Petrochemicals · Q3 FY26 · Standalone
M Cap
₹703 Cr
P/E
9.8
PEG
0.41
  • Profit +41% above its own trend
  • Operating margin expanded 478 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +3.1%-5.6% 135143131
Operating profit +38.9%+0.0% 25.025.018.0
OPM % +478 bps+104 bps 18.5%17.5%13.7%
Other income +0.0%+0.0% 2.02.02.0
Net profit +46.2%+5.6% 19.018.013.0
PAT margin % +415 bps+149 bps 14.1%12.6%9.9%
EPS (₹) +45.9%+1.6% 3.183.132.18

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹25.0 Cr: core business ₹23.0 Cr, other income ₹2.0 Cr.

Core profit YoY: +43.8% · reported profit +46.2%

Cash & debt

FY25 cash from operations ₹59.0 Cr: 91% of FY25 net profit of ₹65.0 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹131₹135 +3.0% in line
Net profit₹13.5₹19.0 +41.1% above
Detailed financials →

Precot Limited

PRECOT · Textiles · Q3 FY26 · Consolidated
M Cap
₹699 Cr
P/E
13.7
PEG
0.28
  • Profit -24% below its own trend
  • Operating margin contracted 146 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.9%-2.6% 208214212
Operating profit -13.6%-10.9% 22.525.226.0
OPM % -146 bps-101 bps 10.8%11.8%12.3%
Other income —+201.3% 1.00.30.0
Net profit? -35.8%-17.8% 5.87.09.0
PAT margin % -147 bps-51 bps 2.8%3.3%4.2%
EPS (₹) -37.5%-17.9% 4.815.867.69

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹8.0 Cr: core business ₹7.0 Cr, other income ₹1.0 Cr.

Core profit YoY: -50.1% · reported profit -35.8%

Cash & debt

FY25 cash from operations ₹116 Cr: 352% of FY25 net profit of ₹32.9 Cr.

Borrowings ₹329 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹186₹208 +11.7% above
Net profit₹7.6₹5.8 -24.0% below
Detailed financials →

Solex Energy Limited

SOLEX · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹696 Cr
P/E
8.5
PEG
0.04
  • Operating margin contracted 960 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +135.6%+105.1% 318155135
Operating profit +8.3%+39.8% 26.018.624.0
OPM % -960 bps-382 bps 8.2%12.0%17.8%
Other income +100.0%from loss 2.0-0.41.0
Net profit? -35.7%+55.6% 9.05.814.0
PAT margin % -754 bps-90 bps 2.8%3.7%10.4%
EPS (₹) -38.0%+66.9% 8.064.8313.01

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹12.0 Cr: core business ₹11.0 Cr, other income ₹2.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -38.9% · reported profit -35.7%

Cash & debt

FY25 cash from operations −₹47.0 Cr.

Borrowings ₹148 Cr at Mar 2025.

📊 Investor presentation (12 Feb) Detailed financials →

20 Microns Limited

20MICRONS · Mining & Minerals · Q3 FY26 · Consolidated
M Cap
₹696 Cr
P/E
10.2
PEG
0.60
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -0.1%-6.9% 215231215
Operating profit +6.6%-13.0% 27.731.926.0
OPM % +81 bps-90 bps 12.9%13.8%12.1%
Other income +54.6%+0.7% 1.51.51.0
Net profit? +14.4%-14.3% 14.917.413.0
PAT margin % +87 bps-60 bps 6.9%7.5%6.0%
EPS (₹) +16.2%-13.8% 4.244.923.65

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹19.9 Cr: core business ₹18.7 Cr, other income ₹1.5 Cr.

Core profit YoY: +17.1% · reported profit +14.4%

Cash & debt

FY25 cash from operations ₹32.0 Cr: 51% of FY25 net profit of ₹62.4 Cr.

Borrowings ₹165 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹230₹215 -6.7% below
Net profit₹14.0₹14.9 +6.3% in line
Detailed financials →

Speciality Restaurants Limited

SPECIALITY · Hotels & Resorts · Q3 FY26 · Consolidated
M Cap
₹694 Cr
P/E
30.6
PEG
—
  • Profit +33% above its own trend
  • Exceptional items of ₹-3.3 Cr in the quarter
  • Core business grew faster than reported profit (core profit +8%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +7.2%+15.8% 135116126
Operating profit +8.9%+47.5% 28.419.326.1
OPM % +33 bps+453 bps 21.1%16.6%20.8%
Other income +45.6%+38.6% 4.93.53.4
Net profit? -11.5%+85.2% 8.34.59.4
PAT margin % -130 bps+230 bps 6.1%3.8%7.4%
EPS (₹) -8.3%+83.3% 1.760.961.92

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹12.1 Cr: core business ₹10.5 Cr, other income ₹4.9 Cr, exceptional & other items −₹3.3 Cr.

Core profit YoY: +8.5% · reported profit -11.5%

Cash & debt

FY25 cash from operations ₹74.0 Cr: 337% of FY25 net profit of ₹22.0 Cr.

Borrowings ₹154 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹136₹135 -0.5% in line
Net profit₹6.2₹8.3 +32.9% above
📊 Investor presentation (10 Aug) Detailed financials →

Mercury Ev-Tech Limited

MERCURYEV · Passenger Cars & Utility Vehicles · Q3 FY26 · Consolidated
M Cap
₹694 Cr
P/E
155.3
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales -25.6% 25.334.0
Operating profit -20.9% 2.43.0
OPM % +56 bps 9.4%8.9%
Other income -96.9% 0.00.6
Net profit? -48.3% 0.91.7
PAT margin % -154 bps 3.5%5.1%
EPS (₹) -44.4% 0.050.09

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹1.2 Cr: core business ₹1.2 Cr, other income ₹0.0 Cr.

Detailed financials →

JITF Infralogistics Limited

JITFINFRA · Waste & Water Management · Q3 FY26 · Consolidated
M Cap
₹692 Cr
P/E
—
PEG
—
  • Profit +751% above its own trend
  • Exceptional items of ₹-10.3 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +54.6%+52.9% 822538532
Operating profit +52.6%+32.7% 154116101
OPM % -24 bps-285 bps 18.7%21.5%18.9%
Other income -15.2%-2.0% 10.610.812.5
Net profit? +325.7%from loss 18.6-16.04.4
PAT margin % +144 bps+524 bps 2.3%-3.0%0.8%
EPS (₹) loss narrowedloss narrowed -0.49-6.97-3.10

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹34.2 Cr: core business ₹33.9 Cr, other income ₹10.6 Cr, exceptional & other items −₹10.3 Cr.

Core profit YoY: from loss · reported profit +325.7%

Cash & debt

FY25 cash from operations ₹185 Cr: 128% of FY25 net profit of ₹145 Cr.

Borrowings ₹3,504 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹612₹822 +34.3% above
Net profit₹2.2₹18.6 +751.4% above
Detailed financials →

VLS Finance Limited

VLSFINANCE · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹691 Cr
P/E
15.0
PEG
—
  • Turnaround: profit against a loss a year ago
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales from loss+163.6% 29.011.0-58.0
Operating profit from loss+360.0% 23.05.0-73.0
OPM % —+3386 bps 79.3%45.5%—
Other income from loss-33.3% 2.03.0-3.0
Net profit? from loss+157.1% 18.07.0-58.0
PAT margin % -3793 bps-157 bps 62.1%63.6%100.0%
EPS (₹) from loss+154.1% 5.312.09-17.14

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹24.0 Cr: core business ₹22.0 Cr, other income ₹2.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹200 Cr: 435% of FY25 net profit of ₹46.0 Cr.

Borrowings ₹1.0 Cr at Mar 2025.

Detailed financials →

Supreme Power Equipment Limited

SUPREMEPWR · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹685 Cr
P/E
23.3
PEG
0.97
  • Profit -20% below its own trend
  • Operating margin expanded 373 bps YoY
  • Core business grew faster than reported profit (core profit +104%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +23.1%-52.2% 35.875.029.1
Operating profit +66.9%-63.6% 5.114.03.0
OPM % +373 bps-446 bps 14.2%18.7%10.5%
Other income -91.2%— 0.20.02.3
Net profit? +7.1%-65.3% 3.510.03.2
PAT margin % -145 bps-365 bps 9.7%13.3%11.1%
EPS (₹) +6.3%-64.2% 1.353.771.27

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹4.8 Cr: core business ₹4.6 Cr, other income ₹0.2 Cr.

Core profit YoY: +104.0% · reported profit +7.1%

Cash & debt

FY25 cash from operations ₹39.0 Cr: 150% of FY25 net profit of ₹25.9 Cr.

Borrowings ₹19.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹40.5₹35.8 -11.5% below
Net profit₹4.3₹3.5 -20.1% below
📊 Investor presentation (17 Aug) Detailed financials →

Mawana Sugars Limited

MAWANASUG · Sugar · Q3 FY26 · Consolidated
M Cap
₹683 Cr
P/E
24.7
PEG
0.56
  • Profit -97% below its own trend
  • Operating margin contracted 113 bps YoY
  • Exceptional items of ₹-14.9 Cr in the quarter
  • Core business grew faster than reported profit (core profit +2%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +9.7%-14.4% 367429334
Operating profit -4.5%from loss 27.8-10.129.1
OPM % -113 bps+993 bps 7.6%-2.4%8.7%
Other income -62.0%+211.1% 1.10.43.0
Net profit? -94.6%from loss 3.9-16.172.5
PAT margin % -2061 bps+483 bps 1.1%-3.8%21.7%
EPS (₹) -94.6%from loss 1.01-4.1218.54

Quality of profit

Pre-tax profit ₹5.5 Cr: core business ₹19.3 Cr, other income ₹1.1 Cr, exceptional & other items −₹15.0 Cr.

Core profit YoY: +1.6% · reported profit -94.6%

Cash & debt

FY25 cash from operations ₹114 Cr: 104% of FY25 net profit of ₹109 Cr.

Borrowings ₹419 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹351₹367 +4.5% in line
Net profit₹145₹3.9 -97.3% below
Detailed financials →

Shalimar Paints Limited

SHALPAINTS · Paints · Q3 FY26 · Consolidated
M Cap
₹683 Cr
P/E
—
PEG
—
  • Operating margin expanded 264 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -11.6%-1.9% 131134148
Operating profit loss narrowedloss widened -10.6-6.3-15.9
OPM % +264 bps-339 bps -8.1%-4.7%-10.7%
Other income to lossto loss -3.83.30.8
Net profit? loss widenedloss widened -26.6-14.1-24.6
PAT margin % -375 bps-973 bps -20.3%-10.6%-16.5%
EPS (₹) loss widenedloss widened -3.18-1.69-2.93

Quality of profit

Pre-tax profit −₹26.6 Cr: core business −₹22.8 Cr, other income −₹3.8 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹59.0 Cr.

Borrowings ₹164 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹164₹131 -20.1% below
Detailed financials →

Denta Water and Infra Solutions Limited

DENTA · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹683 Cr
P/E
12.8
PEG
1.82
  • Profit -39% below its own trend
  • Operating margin contracted 317 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.2%-27.9% 53.574.351.4
Operating profit -5.0%-26.1% 17.523.718.4
OPM % -317 bps+80 bps 32.7%31.9%35.8%
Other income +123.6%-19.4% 2.12.60.9
Net profit? -4.4%-24.4% 14.318.915.0
PAT margin % -240 bps+126 bps 26.7%25.5%29.1%
EPS (₹) -31.2%-24.4% 5.367.097.79

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹19.2 Cr: core business ₹17.1 Cr, other income ₹2.1 Cr.

Core profit YoY: -6.2% · reported profit -4.4%

Cash & debt

FY25 cash from operations −₹72.0 Cr: -136% of FY25 net profit of ₹52.9 Cr.

Borrowings ₹1.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹63.9₹53.5 -16.2% below
Net profit₹23.4₹14.3 -38.8% below
📊 Investor presentation (02 Jun) Detailed financials →

Amanta Healthcare Limited

AMANTA · Pharmaceuticals · Q3 FY26 · Standalone
M Cap
₹681 Cr
P/E
46.4
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +5.1% 74.570.9
Operating profit +4.8% 15.414.7
OPM % -5 bps 20.6%20.7%
Other income from loss 0.7-2.6
Net profit +282.6% 4.61.2
PAT margin % +451 bps 6.2%1.7%
EPS (₹) +283.9% 1.190.31

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹6.3 Cr: core business ₹5.6 Cr, other income ₹0.7 Cr.

📊 Investor presentation (05 Aug) Detailed financials →

Satia Industries Limited

SATIA · Paper · Q3 FY26 · Standalone
M Cap
₹680 Cr
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales +22.2% 380311
Operating profit +442.9% 38.07.0
OPM % +775 bps 10.0%2.3%
Other income +222.2% 29.09.0
Net profit from loss 28.0-25.0
PAT margin % +1541 bps 7.4%-8.0%
EPS (₹) from loss 2.80-2.45

Quality of profit

Pre-tax profit ₹26.0 Cr: core business −₹3.0 Cr, other income ₹29.0 Cr.

📊 Investor presentation (14 Aug) Detailed financials →

Sical Logistics Limited

SICALLOG · Logistics · Q3 FY26 · Consolidated
M Cap
₹676 Cr
P/E
9.2
PEG
0.35
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 459 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +87.0%+3.7% 93.289.849.8
Operating profit +145.9%-1.4% 17.918.17.3
OPM % +459 bps-99 bps 19.2%20.2%14.6%
Other income —+97.1% 58.429.62.4
Net profit? from loss+265.7% 47.913.1-4.5
PAT margin % +6051 bps+3686 bps 51.5%14.6%-9.1%
EPS (₹) from loss+310.7% 2.300.56-0.22

Quality of profit

Pre-tax profit ₹49.0 Cr: core business −₹9.3 Cr, other income ₹58.4 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹20.0 Cr.

Borrowings ₹608 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹91.4₹93.2 +1.9% in line
Detailed financials →

Wanbury Limited

WANBURY · Pharmaceuticals · Q3 FY26 · Standalone
M Cap
₹676 Cr
P/E
12.0
PEG
0.11
  • Profit +557% above its own trend
  • Operating margin expanded 622 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +21.4%+1.2% 162160133
Operating profit +93.6%+3.8% 27.026.013.9
OPM % +622 bps+42 bps 16.7%16.2%10.4%
Other income -100.0%— 0.00.00.8
Net profit —+6.7% 16.015.01.2
PAT margin % +896 bps+50 bps 9.9%9.4%0.9%
EPS (₹) —+3.9% 4.524.350.38

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹16.0 Cr: core business ₹16.0 Cr, other income ₹0.0 Cr.

Cash & debt

FY25 cash from operations ₹26.0 Cr: 85% of FY25 net profit of ₹30.5 Cr.

Borrowings ₹179 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹149₹162 +9.0% above
Net profit₹2.4₹16.0 +557.0% above
📊 Investor presentation (01 Jul) Detailed financials →

OM INFRA LIMITED

OMINFRAL · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹674 Cr
P/E
20.4
PEG
0.43
  • Operating margin expanded 445 bps YoY
  • 95% of pre-tax profit came from other income and one-off items
  • FY25 operating cash flow was only 17% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -15.8%-9.7% 112124133
Operating profit +251.8%-2.5% 6.56.71.9
OPM % +445 bps+43 bps 5.8%5.4%1.4%
Other income -53.1%+280.0% 5.91.612.6
Net profit? +74.0%+15.3% 8.17.04.6
PAT margin % +373 bps+156 bps 7.2%5.7%3.5%
EPS (₹) +78.7%+29.2% 0.840.650.47

Quality of profit

Core 6%Other income & one-offs 94%

Pre-tax profit ₹6.2 Cr: core business ₹0.3 Cr, other income ₹5.9 Cr.

Core profit YoY: from loss · reported profit +74.0%

Cash & debt

FY25 cash from operations ₹6.0 Cr: 17% of FY25 net profit of ₹36.0 Cr.

Borrowings ₹71.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹73.1₹112 +53.0% above
Net profit₹8.3₹8.1 -2.6% in line
📊 Investor presentation (26 Sep) Detailed financials →

Popular Vehicles and Services Limited

PVSL · Auto Dealers · Q3 FY26 · Consolidated
M Cap
₹672 Cr
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +30.8%+16.7% 1,7851,5301,365
Operating profit +69.1%+14.5% 51.845.230.6
OPM % +66 bps-5 bps 2.9%3.0%2.2%
Other income +21.7%+14.6% 4.84.23.9
Net profit? from loss+17.5% 0.70.6-9.8
PAT margin % +75 bps+0 bps 0.0%0.0%-0.7%
EPS (₹) from loss+12.5% 0.090.08-1.37

Quality of profit

Pre-tax profit −₹6.6 Cr: core business −₹11.4 Cr, other income ₹4.8 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹151 Cr.

Borrowings ₹922 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,377₹1,785 +29.7% above
📊 Investor presentation (11 Aug) Detailed financials →

Xchanging Solutions Limited

XCHANGING · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹670 Cr
P/E
11.1
PEG
1.11
  • Profit -31% below its own trend
  • Operating margin expanded 189 bps YoY
  • Core business grew faster than reported profit (core profit +18%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +7.0%-7.6% 48.852.845.6
Operating profit +13.5%-5.5% 16.117.014.2
OPM % +189 bps+73 bps 32.9%32.2%31.0%
Other income -16.0%-1.2% 3.23.33.9
Net profit? -9.0%-18.9% 13.216.314.5
PAT margin % -473 bps-379 bps 27.0%30.8%31.7%
EPS (₹) -9.2%-19.2% 1.181.461.30

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹18.0 Cr: core business ₹14.7 Cr, other income ₹3.2 Cr.

Core profit YoY: +17.7% · reported profit -9.0%

Cash & debt

FY25 cash from operations ₹47.0 Cr: 94% of FY25 net profit of ₹50.1 Cr.

Borrowings ₹85.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹52.1₹48.8 -6.2% below
Net profit₹19.1₹13.2 -30.9% below
Detailed financials →

Pasupati Acrylon Limited

PASUPTAC · Textiles · Q3 FY26 · Standalone
M Cap
₹668 Cr
P/E
7.0
PEG
0.28
  • Profit +162% above its own trend
  • Operating margin expanded 660 bps YoY
  • Core business grew faster than reported profit (core profit +187%)
  • FY25 operating cash flow was only 20% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +54.8%-3.8% 269280174
Operating profit +188.8%+41.9% 38.327.013.3
OPM % +660 bps+459 bps 14.2%9.6%7.6%
Other income -20.6%+100.0% 2.01.02.5
Net profit +156.7%+62.5% 26.016.010.1
PAT margin % +383 bps+394 bps 9.7%5.7%5.8%
EPS (₹) +152.6%+58.2% 2.881.821.14

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹34.3 Cr: core business ₹31.9 Cr, other income ₹2.0 Cr.

Core profit YoY: +186.5% · reported profit +156.7%

Cash & debt

FY25 cash from operations ₹7.0 Cr: 20% of FY25 net profit of ₹35.1 Cr.

Borrowings ₹108 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹218₹269 +23.4% above
Net profit₹9.9₹26.0 +161.8% above
Detailed financials →

Cheviot Company Limited

CHEVIOT · Textiles · Q3 FY26 · Standalone
M Cap
₹667 Cr
P/E
9.8
PEG
—
  • Profit +601% above its own trend
  • Operating margin contracted 154 bps YoY
  • 38% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +12%)
  • FY25 operating cash flow was only 45% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +28.5%-6.3% 139148108
Operating profit +13.1%-30.7% 15.722.613.8
OPM % -154 bps-396 bps 11.3%15.2%12.8%
Other income from lossfrom loss 8.3-0.2-6.2
Net profit +400.0%+15.9% 17.214.83.4
PAT margin % +920 bps+237 bps 12.4%10.0%3.2%
EPS (₹) +399.8%+15.9% 29.4425.405.89

Quality of profit

Core 62%Other income & one-offs 38%

Pre-tax profit ₹21.8 Cr: core business ₹13.5 Cr, other income ₹8.3 Cr.

Core profit YoY: +11.8% · reported profit +400.0%

Cash & debt

FY25 cash from operations ₹26.0 Cr: 45% of FY25 net profit of ₹57.8 Cr.

Borrowings ₹7.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹128₹139 +8.8% above
Net profit₹2.5₹17.2 +601.0% above
Detailed financials →

Jayant Agro Organics Limited

JAYAGROGN · Chemicals · Q3 FY26 · Consolidated
M Cap
₹666 Cr
P/E
11.7
PEG
11.75
  • Profit -15% below its own trend
  • Operating margin expanded 276 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -58.3%-51.7% 242500580
Operating profit -33.7%-22.1% 17.923.027.0
OPM % +276 bps+281 bps 7.4%4.6%4.7%
Other income +26.4%— 1.30.01.0
Net profit? -28.1%+11.8% 10.19.014.0
PAT margin % +175 bps+236 bps 4.2%1.8%2.4%
EPS (₹) -29.0%+4.0% 3.353.224.72

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹14.1 Cr: core business ₹12.8 Cr, other income ₹1.3 Cr.

Core profit YoY: -28.9% · reported profit -28.1%

Cash & debt

FY25 cash from operations ₹118 Cr: 218% of FY25 net profit of ₹54.0 Cr.

Borrowings ₹110 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹566₹242 -57.3% below
Net profit₹11.9₹10.1 -15.2% below
Detailed financials →

Aditya Birla Money Limited

BIRLAMONEY · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹666 Cr
P/E
12.3
PEG
0.59
  • Profit -15% below its own trend
  • Operating margin contracted 189 bps YoY
  • Core business grew faster than reported profit (core profit +5%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.2%+12.1% 120107106
Operating profit +9.1%+27.7% 60.047.055.0
OPM % -189 bps+607 bps 50.0%43.9%51.9%
Other income to lossto loss -3.01.010.0
Net profit -36.4%+40.0% 14.010.022.0
PAT margin % -909 bps+232 bps 11.7%9.3%20.8%
EPS (₹) -34.7%+40.0% 2.521.803.86

Quality of profit

Pre-tax profit ₹18.0 Cr: core business ₹22.0 Cr, other income −₹3.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +4.8% · reported profit -36.4%

Cash & debt

FY25 cash from operations −₹126 Cr: -170% of FY25 net profit of ₹74.0 Cr.

Borrowings ₹1,703 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹96.4₹120 +24.5% above
Net profit₹16.5₹14.0 -15.2% below
Detailed financials →

Orbit Exports Limited

ORBTEXP · Textiles · Q3 FY26 · Consolidated
M Cap
₹665 Cr
P/E
15.5
PEG
—
  • Profit -12% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +3.7%-3.4% 56.058.054.0
Operating profit +3.1%+0.0% 12.012.011.6
OPM % -13 bps+74 bps 21.4%20.7%21.6%
Other income +61.3%-60.0% 2.05.01.2
Net profit? +6.1%-30.0% 7.010.06.6
PAT margin % +27 bps-474 bps 12.5%17.2%12.2%
EPS (₹) -0.8%-34.8% 2.473.792.49

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹9.0 Cr: core business ₹8.0 Cr, other income ₹2.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +5.1% · reported profit +6.1%

Cash & debt

FY25 cash from operations ₹33.0 Cr: 84% of FY25 net profit of ₹39.2 Cr.

Borrowings ₹15.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹63.5₹56.0 -11.8% below
Net profit₹8.0₹7.0 -12.4% below
Detailed financials →

Valiant Laboratories Limited

VALIANTLAB · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹663 Cr
P/E
41.7
PEG
—
  • Into loss: a profit a year ago
  • Operating margin contracted 346 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +48.9%+13.6% 52.546.235.2
Operating profit to lossto loss -0.90.10.6
OPM % -346 bps-187 bps -1.7%0.2%1.8%
Other income -60.2%-27.8% 0.60.91.6
Net profit? to lossto loss -7.10.22.3
PAT margin % -2011 bps-1388 bps -13.5%0.4%6.7%
EPS (₹) to lossto loss -1.300.040.54

Quality of profit

Pre-tax profit −₹3.0 Cr: core business −₹3.6 Cr, other income ₹0.6 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations ₹1.0 Cr.

Borrowings ₹122 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹70.5₹52.5 -25.6% below
Detailed financials →

Advent Hotels International Limited

ADVENTHTL · Hotels & Resorts · Q3 FY26 · Consolidated
M Cap
₹662 Cr
P/E
16.7
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +49.0% 11577.0
Operating profit +340.9% 49.211.2
OPM % +2839 bps 42.9%14.5%
Other income -98.1% 0.16.2
Net profit? from loss 30.4-1.2
PAT margin % +2811 bps 26.5%-1.6%

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹28.6 Cr: core business ₹28.4 Cr, other income ₹0.1 Cr.

Detailed financials →

GTPL Hathway Limited

GTPL · Media & Entertainment · Q3 FY26 · Consolidated
M Cap
₹661 Cr
P/E
—
PEG
—
  • Profit +140% above its own trend
  • 41% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +200%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +5.1%-2.8% 933959887
Operating profit +7.6%+8.7% 113104105
OPM % +28 bps+127 bps 12.1%10.8%11.8%
Other income -33.3%+0.0% 6.06.09.0
Net profit? +20.0%+71.4% 12.07.010.0
PAT margin % +16 bps+56 bps 1.3%0.7%1.1%
EPS (₹) +8.9%+19.5% 0.980.820.90

Quality of profit

Core 59%Other income & one-offs 41%

Pre-tax profit ₹15.2 Cr: core business ₹9.0 Cr, other income ₹6.0 Cr.

Core profit YoY: +200.0% · reported profit +20.0%

Cash & debt

FY25 cash from operations ₹452 Cr: 904% of FY25 net profit of ₹50.0 Cr.

Borrowings ₹313 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹965₹933 -3.3% in line
Net profit₹5.0₹12.0 +140.0% above
📊 Investor presentation (13 Oct) Detailed financials →

Sreeleathers Limited

SREEL · Footwear & Leather · Q3 FY26 · Standalone
M Cap
₹660 Cr
P/E
20.1
PEG
5.03
  • Profit +20% above its own trend
  • Operating margin contracted 286 bps YoY
  • 25% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -10%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +9.9%-18.5% 60.974.755.4
Operating profit -10.1%-33.0% 7.811.78.7
OPM % -286 bps-278 bps 12.9%15.6%15.7%
Other income —+955.9% 2.60.20.1
Net profit +20.9%-12.5% 7.58.66.2
PAT margin % +113 bps+85 bps 12.4%11.5%11.2%
EPS (₹) +20.8%-12.6% 3.253.722.69

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹9.9 Cr: core business ₹7.4 Cr, other income ₹2.6 Cr.

Core profit YoY: -10.5% · reported profit +20.9%

Cash & debt

FY25 cash from operations ₹27.0 Cr: 120% of FY25 net profit of ₹22.6 Cr.

Borrowings ₹3.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹58.0₹60.9 +4.9% in line
Net profit₹6.3₹7.5 +20.0% above
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