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, 09:57 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 58 of 144

Aqylon Nexus Limited

AQYLON · Media & Entertainment · Q3 FY26 · Standalone
M Cap
₹381 Cr
P/E
32.1
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 3275 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +109.5%+13.9% 4.94.32.4
Operating profit —from loss 1.8-0.70.1
OPM % +3275 bps+5364 bps 37.1%-16.5%4.4%
Other income -98.9%— 0.0—0.1
Net profit from loss-89.5% 1.514.1-22.7
PAT margin % —— 29.9%——
EPS (₹) from loss-89.6% 0.585.56-8.96

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹1.5 Cr: core business ₹1.5 Cr, other income ₹0.0 Cr.

Against its own trend ?

TrendActualGap
Sales₹4.7₹4.9 +4.7% in line

Davangere Sugar Company Limited

DAVANGERE · Sugar · Q3 FY26 · Standalone
M Cap
₹380 Cr
P/E
46.7
PEG
—
  • Profit -70% below its own trend
  • Operating margin contracted 868 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.0%+71.6% 82.748.273.2
Operating profit -26.4%-12.8% 13.415.418.2
OPM % -868 bps-1568 bps 16.2%31.9%24.9%
Other income +52.9%+7.6% 0.60.60.4
Net profit -61.3%-0.3% 2.62.66.8
PAT margin % -608 bps-229 bps 3.2%5.5%9.2%
EPS (₹) -98.6%-94.4% 0.010.180.72

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹4.5 Cr: core business ₹3.9 Cr, other income ₹0.6 Cr.

Core profit YoY: -44.7% · reported profit -61.3%

Cash & debt

FY25 cash from operations −₹5.0 Cr: -46% of FY25 net profit of ₹10.9 Cr.

Borrowings ₹271 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹66.9₹82.7 +23.5% above
Net profit₹8.8₹2.6 -70.1% below

Manaksia Limited

MANAKSIA · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹379 Cr
P/E
6.0
PEG
—
  • Profit +48% above its own trend
  • Operating margin contracted 513 bps YoY
  • 82% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -65%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -2.1%-3.1% 184190188
Operating profit -58.7%-1.7% 6.97.016.7
OPM % -513 bps+5 bps 3.7%3.7%8.9%
Other income +98.0%+62.1% 17.010.58.6
Net profit? +11.5%+38.6% 14.510.513.0
PAT margin % +96 bps+238 bps 7.9%5.5%6.9%
EPS (₹) +13.8%+32.1% 2.221.681.95

Quality of profit

Core 18%Other income & one-offs 82%

Pre-tax profit ₹20.7 Cr: core business ₹3.7 Cr, other income ₹17.0 Cr.

Core profit YoY: -64.7% · reported profit +11.5%

Cash & debt

FY25 cash from operations −₹275 Cr: -473% of FY25 net profit of ₹58.1 Cr.

Borrowings ₹26.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹270₹184 -32.0% below
Net profit₹9.8₹14.5 +48.0% above

Kotyark Industries Limited

KOTYARK · Refineries & Oil Marketing · Q3 FY26 · Consolidated
M Cap
₹379 Cr
P/E
—
PEG
—
₹ Cr Dec 2025
Sales 104
Operating profit 9.9
OPM % 9.5%
Other income 0.0
Net profit? 3.2
PAT margin % 3.0%
EPS (₹) 3.04

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

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹4.1 Cr: core business ₹4.1 Cr, other income ₹0.0 Cr.

Cash & debt

FY25 cash from operations ₹31.0 Cr.

Borrowings ₹69.0 Cr at Mar 2025.

Mirza International Limited

MIRZAINT · Footwear & Leather · Q3 FY26 · Consolidated
M Cap
₹378 Cr
P/E
—
PEG
—
  • Operating margin contracted 383 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +3.3%-28.1% 118164114
Operating profit to lossto loss -1.312.73.1
OPM % -383 bps-882 bps -1.1%7.7%2.7%
Other income +71.8%+60.8% 0.90.60.5
Net profit? loss widenedto loss -7.32.1-5.7
PAT margin % -121 bps-749 bps -6.2%1.3%-5.0%
EPS (₹) loss widenedto loss -0.530.16-0.41

Quality of profit

Pre-tax profit −₹9.9 Cr: core business −₹10.9 Cr, other income ₹0.9 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹28.0 Cr.

Borrowings ₹48.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹92.9₹118 +27.2% above

Artemis Electricals and Projects Limited

AEPL · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹377 Cr
P/E
43.5
PEG
—
  • Profit -85% below its own trend
  • Operating margin expanded 905 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -76.9%-73.0% 4.315.818.5
Operating profit -67.1%-72.6% 1.34.73.9
OPM % +905 bps+50 bps 30.4%29.9%21.3%
Other income —-84.0% 0.10.30.0
Net profit? -69.4%-77.4% 0.83.52.6
PAT margin % +461 bps-361 bps 18.8%22.4%14.2%
EPS (₹) -70.0%-78.6% 0.030.140.10

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹1.0 Cr: core business ₹0.9 Cr, other income ₹0.1 Cr.

Core profit YoY: -73.3% · reported profit -69.4%

Against its own trend ?

TrendActualGap
Sales₹36.9₹4.3 -88.5% below
Net profit₹5.2₹0.8 -84.7% below

Gokul Refoils and Solvent Limited

GOKUL · Edible Oils · Q3 FY26 · Consolidated
M Cap
₹376 Cr
P/E
18.2
PEG
—
  • Profit +700% above its own trend
  • 94% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.8%+1.2% 1,0761,0631,007
Operating profit +50.8%+27.0% 10.68.47.0
OPM % +29 bps+20 bps 1.0%0.8%0.7%
Other income -7.6%-19.2% 6.88.47.4
Net profit? +805.7%+49.1% 5.23.50.6
PAT margin % +43 bps+16 bps 0.5%0.3%0.1%
EPS (₹) +798.3%+47.2% 0.530.360.06

Quality of profit

Core 6%Other income & one-offs 94%

Pre-tax profit ₹7.3 Cr: core business ₹0.5 Cr, other income ₹6.8 Cr.

Core profit YoY: from loss · reported profit +805.7%

Cash & debt

FY25 cash from operations ₹17.0 Cr: 115% of FY25 net profit of ₹14.8 Cr.

Borrowings ₹280 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,246₹1,076 -13.7% below
Net profit₹0.7₹5.2 +700.0% above

Dish TV India Limited

DISHTV · Media & Entertainment · Q3 FY26 · Consolidated
M Cap
₹376 Cr
P/E
—
PEG
—
  • Operating margin contracted 4678 bps YoY
  • Exceptional items of ₹70.0 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -19.8%+2.7% 299291373
Operating profit to lossto loss -41.531.9123
OPM % -4678 bps-2483 bps -13.9%10.9%32.9%
Other income -36.9%-30.5% 5.78.29.0
Net profit? loss widenedloss widened -276-133-46.5
PAT margin % -7989 bps-4681 bps -92.4%-45.6%-12.5%
EPS (₹) loss widenedloss widened -1.44-0.69-0.24

Quality of profit

Pre-tax profit −₹276 Cr: core business −₹212 Cr, other income ₹5.7 Cr, exceptional & other items −₹70.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹410 Cr.

Borrowings ₹35.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹285₹299 +4.9% in line

Highway Infrastructure Limited

HILINFRA · Construction & Infrastructure · Q3 FY26 · Standalone
M Cap
₹373 Cr
P/E
15.2
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +45.2% 12888.0
Operating profit from loss 8.0-6.6
OPM % +1370 bps 6.2%-7.5%
Other income -92.6% 1.621.3
Net profit -36.4% 6.19.6
PAT margin % -613 bps 4.8%10.9%
EPS (₹) -27.6% 0.921.27

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹7.8 Cr: core business ₹6.2 Cr, other income ₹1.6 Cr.

Kothari Products Limited

KOTHARIPRO · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹372 Cr
P/E
19.1
PEG
0.50
  • Profit -21% below its own trend
  • Operating margin contracted 573 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -26.9%-42.8% 162283221
Operating profit loss widenedloss narrowed -13.7-18.9-6.1
OPM % -573 bps-181 bps -8.5%-6.7%-2.8%
Other income +22.1%+129.4% 29.212.723.9
Net profit? -6.4%+148.4% 9.94.010.6
PAT margin % +134 bps+471 bps 6.1%1.4%4.8%
EPS (₹) -6.5%+104.9% 1.660.81adj. 1.77

EPS restated for the 1:1 bonus of Feb 2025: Dec 2024 ₹3.55 to ₹1.77.

Quality of profit

Pre-tax profit ₹13.2 Cr: core business −₹16.1 Cr, other income ₹29.2 Cr.

Core profit YoY: loss widened · reported profit -6.4%

Cash & debt

FY25 cash from operations ₹100 Cr.

Borrowings ₹264 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹220₹162 -26.3% below
Net profit₹12.6₹9.9 -21.4% below

Nandan Denim Limited

NDL · Textiles · Q3 FY26 · Standalone
M Cap
₹372 Cr
P/E
10.1
PEG
0.01
  • Profit -53% below its own trend
  • Operating margin expanded 108 bps YoY
  • 35% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -46.1%-36.3% 500785926
Operating profit -27.5%-10.2% 21.023.429.0
OPM % +108 bps+123 bps 4.2%3.0%3.1%
Other income -21.9%-20.9% 1.41.81.9
Net profit -54.8%-68.5% 3.09.46.6
PAT margin % -12 bps-61 bps 0.6%1.2%0.7%
EPS (₹) -60.0%-71.4% 0.020.070.05

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹4.1 Cr: core business ₹2.7 Cr, other income ₹1.4 Cr.

Core profit YoY: -60.9% · reported profit -54.8%

Cash & debt

FY25 cash from operations ₹95.0 Cr: 284% of FY25 net profit of ₹33.5 Cr.

Borrowings ₹249 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,511₹500 -66.9% below
Net profit₹6.3₹3.0 -52.5% below

De Nora India Limited

DENORA · Engineering & Capital Goods · Q3 FY26 · Standalone
M Cap
₹372 Cr
P/E
30.5
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 7178 bps YoY
  • 42% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +104.1%+64.1% 35.821.817.6
Operating profit from loss-38.3% 2.54.0-11.4
OPM % +7178 bps-1149 bps 6.9%18.4%-64.9%
Other income -4.7%-15.9% 1.41.71.5
Net profit from loss-33.6% 2.63.9-7.8
PAT margin % +5165 bps-1055 bps 7.2%17.7%-44.5%
EPS (₹) from loss-33.6% 4.847.29-14.71

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹3.4 Cr: core business ₹2.0 Cr, other income ₹1.4 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹3.0 Cr: 178% of FY25 net profit of ₹1.7 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹21.5₹35.8 +66.7% above

Sahyadri Industries Limited

SAHYADRI · Cement · Q3 FY26 · Standalone
M Cap
₹371 Cr
P/E
8.1
PEG
—
  • Profit +422% above its own trend
  • Operating margin expanded 286 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.7%+16.0% 145125131
Operating profit +62.5%+44.4% 13.09.08.0
OPM % +286 bps+177 bps 9.0%7.2%6.1%
Other income +0.0%+0.0% 1.01.01.0
Net profit +400.0%+66.7% 5.03.01.0
PAT margin % +268 bps+105 bps 3.4%2.4%0.8%
EPS (₹) +558.0%+83.1% 4.542.480.69

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹7.0 Cr: core business ₹6.0 Cr, other income ₹1.0 Cr.

Core profit YoY: — · reported profit +400.0%

Cash & debt

FY25 cash from operations ₹54.0 Cr: 284% of FY25 net profit of ₹19.0 Cr.

Borrowings ₹78.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹129₹145 +12.3% above
Net profit₹1.0₹5.0 +421.7% above

Suratwwala Business Group Limited

SBGLP · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹371 Cr
P/E
8.9
PEG
0.41
  • Profit +999% above its own trend
  • Operating margin expanded 4538 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —+62.0% 42.126.03.2
Operating profit from loss+40.8% 15.511.0-0.3
OPM % +4538 bps-553 bps 36.8%42.3%-8.6%
Other income -78.7%— 0.10.00.7
Net profit? —+39.1% 11.18.00.2
PAT margin % +2057 bps-435 bps 26.4%30.8%5.9%
EPS (₹) —+31.9% 0.620.470.01

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹15.1 Cr: core business ₹15.0 Cr, other income ₹0.1 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations −₹5.0 Cr: -45% of FY25 net profit of ₹11.0 Cr.

Borrowings ₹73.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4.5₹42.1 +830.2% above
Net profit₹0.2₹11.1 +999.0% above

Vinyl Chemicals (India) Limited

VINYLINDIA · Trading & Distribution · Q3 FY26 · Standalone
M Cap
₹368 Cr
P/E
19.7
PEG
—
  • Profit +11% above its own trend
  • 40% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +15.8%+11.6% 169152146
Operating profit +1.4%+39.0% 3.72.73.7
OPM % -31 bps+43 bps 2.2%1.8%2.5%
Other income -17.1%+95.3% 2.51.33.0
Net profit -9.8%+56.9% 4.52.95.0
PAT margin % -76 bps+77 bps 2.7%1.9%3.4%
EPS (₹) -9.5%+56.3% 2.471.582.73

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹6.2 Cr: core business ₹3.7 Cr, other income ₹2.5 Cr.

Core profit YoY: +1.4% · reported profit -9.8%

Cash & debt

FY25 cash from operations ₹24.0 Cr: 107% of FY25 net profit of ₹22.3 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹145₹169 +16.8% above
Net profit₹4.1₹4.5 +10.9% above

Captain Polyplast Limited

CPL · Tractors & Farm Machinery · Q3 FY26 · Consolidated
M Cap
₹367 Cr
P/E
13.1
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales +58.4% 12679.7
Operating profit +93.0% 15.27.9
OPM % +216 bps 12.1%9.9%
Other income +104.2% 1.00.5
Net profit? +123.6% 9.54.2
PAT margin % +219 bps 7.5%5.3%
EPS (₹) +122.5% 1.580.71

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹12.7 Cr: core business ₹11.7 Cr, other income ₹1.0 Cr.

Goa Carbon Limited

GOACARBON · Petrochemicals · Q3 FY26 · Consolidated
M Cap
₹367 Cr
P/E
—
PEG
—
  • Operating margin contracted 362 bps YoY
₹ CrYoY Dec 2025Dec 2024
Sales +49.5% 194129
Operating profit loss widened -19.7-8.5
OPM % -362 bps -10.2%-6.5%
Other income +161.0% 6.42.5
Net profit? loss widened -23.4-8.3
PAT margin % -563 bps -12.1%-6.4%
EPS (₹) loss widened -25.54-9.12

Quality of profit

Pre-tax profit −₹20.9 Cr: core business −₹27.3 Cr, other income ₹6.4 Cr.

Core profit YoY: loss widened

Mangalam Organics Limited

MANORG · Chemicals · Q3 FY26 · Consolidated
M Cap
₹367 Cr
P/E
17.6
PEG
0.39
  • Profit -40% below its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +32.6%+3.9% 164158124
Operating profit +22.9%— 19.30.315.7
OPM % -93 bps+1157 bps 11.7%0.2%12.7%
Other income -100.0%-100.0% 0.017.00.0
Net profit? +19.2%+35.0% 4.33.23.6
PAT margin % -30 bps+61 bps 2.6%2.0%2.9%
EPS (₹) +19.3%+35.2% 5.073.754.25

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹5.5 Cr: core business ₹5.5 Cr, other income ₹0.0 Cr.

Core profit YoY: +13.6% · reported profit +19.2%

Cash & debt

FY25 cash from operations −₹8.0 Cr: -63% of FY25 net profit of ₹12.6 Cr.

Borrowings ₹272 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹148₹164 +11.2% above
Net profit₹7.3₹4.3 -40.4% below

Autoline Industries Limited

AUTOIND · Auto Components · Q3 FY26 · Standalone
M Cap
₹367 Cr
P/E
9.2
PEG
0.08
  • Profit +449% above its own trend
  • Operating margin contracted 157 bps YoY
  • Profit grew faster than the core business (core profit +15%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +34.3%+20.8% 209173156
Operating profit +14.5%+11.8% 19.017.016.6
OPM % -157 bps-74 bps 9.1%9.8%10.7%
Other income -18.0%+0.0% 1.01.01.2
Net profit +306.5%+66.7% 5.03.01.2
PAT margin % +160 bps+66 bps 2.4%1.7%0.8%
EPS (₹) +248.4%+74.2% 1.080.620.31

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹5.0 Cr: core business ₹4.0 Cr, other income ₹1.0 Cr.

Core profit YoY: +15.3% · reported profit +306.5%

Cash & debt

FY25 cash from operations ₹66.0 Cr: 355% of FY25 net profit of ₹18.6 Cr.

Borrowings ₹287 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹159₹209 +31.0% above
Net profit₹0.9₹5.0 +448.9% above

Veranda Learning Solutions Limited

VERANDA · Education & E-Learning · Q3 FY26 · Consolidated
M Cap
₹366 Cr
P/E
6.0
PEG
0.18
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 6581 bps YoY
  • 50% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +18.2%+282.9% 11730.699.0
Operating profit from lossfrom loss 38.0-2.4-33.0
OPM % +6581 bps+4030 bps 32.5%-7.8%-33.3%
Other income from loss-88.9% 10.090.0-1.0
Net profit? from lossfrom loss 13.0-2.3-203
PAT margin % —+1851 bps 11.1%-7.4%—
EPS (₹) from loss-89.2% 1.0810.01-27.15

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹20.0 Cr: core business ₹10.0 Cr, other income ₹10.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹32.0 Cr.

Borrowings ₹660 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹95.2₹117 +22.9% above

Om Freight Forwarders Limited

OMFREIGHT · Logistics · Q3 FY26 · Consolidated
M Cap
₹364 Cr
P/E
18.8
PEG
—
  • 32% of pre-tax profit came from other income and one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales +26.1% 11994.4
Operating profit +35.2% 7.55.5
OPM % +42 bps 6.3%5.8%
Other income -1.7% 1.81.8
Net profit? +42.9% 4.63.2
PAT margin % +46 bps 3.9%3.4%
EPS (₹) +35.3% 1.381.02

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹6.2 Cr: core business ₹4.2 Cr, other income ₹1.8 Cr.

Radiant Cash Management Services Limited

RADIANTCMS · Commercial & Business Services · Q3 FY26 · Consolidated
M Cap
₹363 Cr
P/E
13.2
PEG
—
  • Operating margin contracted 641 bps YoY
  • Profit grew faster than the core business (core profit -44%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.9%+18.3% 124105116
Operating profit -29.6%+30.1% 15.311.821.8
OPM % -641 bps+113 bps 12.4%11.3%18.8%
Other income +29.1%-2.3% 2.12.21.7
Net profit? -21.9%+51.3% 11.67.714.8
PAT margin % -346 bps+204 bps 9.4%7.3%12.8%
EPS (₹) -17.6%+28.7% 1.030.801.25

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹12.5 Cr: core business ₹10.3 Cr, other income ₹2.1 Cr.

Core profit YoY: -43.7% · reported profit -21.9%

Cash & debt

FY25 cash from operations ₹43.0 Cr: 91% of FY25 net profit of ₹47.1 Cr.

Borrowings ₹117 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹119₹124 +3.9% in line
Net profit₹11.9₹11.6 -2.4% in line

Foods & Inns Limited

FOODSIN · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹361 Cr
P/E
15.3
PEG
—
  • Profit -100% below its own trend
  • Operating margin expanded 151 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • FY25 operating cash flow was only 36% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -20.8%-22.1% 150193189
Operating profit -8.6%-3.6% 17.017.618.6
OPM % +151 bps+217 bps 11.3%9.2%9.8%
Other income -39.7%-22.3% 2.02.63.3
Net profit? -100.0%-100.0% 0.00.70.8
PAT margin % -42 bps-35 bps 0.0%0.3%0.4%
EPS (₹) -40.0%-25.0% 0.060.080.10

Quality of profit

Pre-tax profit ₹1.0 Cr: core business −₹1.0 Cr, other income ₹2.0 Cr.

Core profit YoY: loss narrowed · reported profit -100.0%

Cash & debt

FY25 cash from operations ₹15.0 Cr: 36% of FY25 net profit of ₹41.7 Cr.

Borrowings ₹440 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹217₹150 -30.8% below
Net profit₹0.5₹0.0 -100.0% below

Indogulf Cropsciences Limited

IGCL · Pesticides & Agrochemicals · Q3 FY26 · Consolidated
M Cap
₹360 Cr
P/E
1.6
PEG
—
  • 37% of pre-tax profit came from other income and one-off items
₹ CrQoQ Dec 2025Sep 2025
Sales -95.3% 1162,483
Operating profit -96.3% 11.7320
OPM % -281 bps 10.1%12.9%
Other income -87.0% 2.519.6
Net profit? -98.1% 3.9207
PAT margin % -500 bps 3.3%8.3%
EPS (₹) -55.5% 0.771.73

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹7.4 Cr: core business ₹4.7 Cr, other income ₹2.5 Cr.

Emami Realty Limited

EMAMIREAL · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹359 Cr
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -91.5%-46.7% 4.99.257.2
Operating profit loss widenedloss widened -26.5-24.1-8.7
Other income -43.3%-12.2% 7.28.212.7
Net profit? loss widenedloss widened -37.3-35.5-19.5
EPS (₹) loss widenedloss widened -8.50-8.11-5.14

Quality of profit

Pre-tax profit −₹43.7 Cr: core business −₹50.9 Cr, other income ₹7.2 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹75.0 Cr.

Borrowings ₹1,905 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹75.4₹4.9 -93.5% below

Tara Chand InfraLogistic Solutions Limited

TARACHAND · Diversified Conglomerates · Q3 FY26 · Standalone
M Cap
₹357 Cr
P/E
—
PEG
—
  • Profit -33% below its own trend
  • Operating margin expanded 399 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.5%+4.4% 68.665.764.4
Operating profit +19.6%+0.6% 25.024.920.9
OPM % +399 bps-138 bps 36.5%37.9%32.5%
Other income from loss-51.4% 0.71.5-0.1
Net profit -0.4%-30.2% 5.27.55.2
PAT margin % -53 bps-378 bps 7.6%11.4%8.1%
EPS (₹) +0.0%-30.5% 0.660.950.66

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹7.0 Cr: core business ₹6.3 Cr, other income ₹0.7 Cr.

Core profit YoY: -12.2% · reported profit -0.4%

Cash & debt

FY25 cash from operations ₹56.0 Cr: 288% of FY25 net profit of ₹19.5 Cr.

Borrowings ₹112 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹94.3₹68.6 -27.3% below
Net profit₹7.8₹5.2 -33.3% below

Ginni Filaments Limited

GINNIFILA · Textiles · Q3 FY26 · Standalone
M Cap
₹356 Cr
P/E
10.0
PEG
0.14
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 955 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +9.1%-13.7% 82.095.075.2
Operating profit +135.0%-12.0% 14.616.66.2
OPM % +955 bps+34 bps 17.8%17.5%8.3%
Other income +115.3%+3.1% 0.70.70.3
Net profit from loss-11.9% 9.010.3-0.7
PAT margin % +1194 bps+23 bps 11.0%10.8%-0.9%
EPS (₹) from loss-11.7% 1.061.20-0.08

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹12.0 Cr: core business ₹11.3 Cr, other income ₹0.7 Cr.

Cash & debt

FY25 cash from operations ₹10.0 Cr: 238% of FY25 net profit of ₹4.2 Cr.

Borrowings ₹74.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹72.8₹82.0 +12.6% above

Kesoram Industries Limited

KESORAMIND · Textiles · Q3 FY26 · Consolidated
M Cap
₹355 Cr
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin contracted 1529 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • FY25 operating cash flow was only 1% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.1%+17.4% 64.855.265.5
Operating profit loss widenedloss narrowed -16.1-18.5-6.2
OPM % -1529 bps+876 bps -24.8%-33.5%-9.5%
Other income —+744.2% 34.04.00.9
Net profit? from lossfrom loss 6.0-25.9-69.2
PAT margin % —+5618 bps 9.3%-46.9%—
EPS (₹) from lossfrom loss 0.19-0.83-2.23

Quality of profit

Pre-tax profit ₹6.0 Cr: core business −₹28.0 Cr, other income ₹34.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹37.0 Cr: 1% of FY25 net profit of ₹5,565 Cr.

Borrowings ₹199 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹32.7₹64.8 +97.9% above

Andhra Cements Limited

ACL · Cement · Q3 FY26 · Standalone
M Cap
₹355 Cr
P/E
—
PEG
—
  • Operating margin expanded 1667 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +66.7%+41.0% 11078.066.0
Operating profit from lossfrom loss 5.0-4.0-8.0
OPM % +1667 bps+967 bps 4.5%-5.1%-12.1%
Other income -50.0%+0.0% 1.01.02.0
Net profit —loss widened -44.0-42.0-44.0
PAT margin % +2667 bps+1385 bps -40.0%-53.8%-66.7%
EPS (₹) loss widenedloss widened -4.79-4.55-4.74

Quality of profit

Pre-tax profit −₹44.0 Cr: core business −₹44.0 Cr, other income ₹1.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations ₹60.0 Cr.

Borrowings ₹757 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹78.8₹110 +39.6% above

Liberty Shoes Limited

LIBERTSHOE · Footwear & Leather · Q3 FY26 · Standalone
M Cap
₹355 Cr
P/E
41.5
PEG
—
  • Profit -85% below its own trend
  • Operating margin contracted 106 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.0%+3.8% 181174160
Operating profit -1.3%-12.6% 13.215.213.4
OPM % -106 bps-138 bps 7.3%8.7%8.4%
Other income to lossto loss -0.00.10.2
Net profit -75.1%-70.1% 0.62.02.4
PAT margin % -115 bps-80 bps 0.3%1.1%1.5%
EPS (₹) -74.8%-69.8% 0.351.161.39

Quality of profit

Pre-tax profit ₹1.1 Cr: core business ₹1.1 Cr, other income −₹0.0 Cr.

Core profit YoY: -68.5% · reported profit -75.1%

Cash & debt

FY25 cash from operations ₹74.0 Cr: 546% of FY25 net profit of ₹13.6 Cr.

Borrowings ₹156 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹173₹181 +4.7% in line
Net profit₹3.9₹0.6 -84.8% below

How to read this page

The numbers. Each card is one company's Q3 FY26 results as filed with NSE or BSE, read from the filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months). A swing between profit and loss is described in words: a percentage across it would mislead.

Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter, before minority interest. A company's own headline, and the AI read of its filing, often quote the profit attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two are the same.

Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income, as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points (100 bps = 1 percentage point).

Quality of profit. Core profit is operating profit minus interest and depreciation: what the business itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more, and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net profit, since a fall in provisions can lift profit without the business growing.

Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead each company is measured against the path it was on: the same quarter last year, grown at the median of its last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales 5% or more above that, or net profit 10% or more above, is "above trend"; as far below is "below trend". It answers "was this quarter better or worse than the company's own recent run?", which consensus does not.

Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show its operating cash flow for the last financial year as a share of that year's net profit (flagged under 50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet against the one six months earlier (flagged at a 25% move). Balance sheets come with the September and March results, cash-flow statements with the March results.

Price since results. The latest close against the last close before the filing (a filing after 3:30 pm counts from the next session). It is a fact about the market's reaction, not advice.

Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150 (SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI