Home › Quarterly results › Q3 FY26
Q3 FY26 quarterly results (October-December 2025)
4,316 companies have declared Q3 FY26 results so far, the latest on 15 Sep 2026.
Across the 3,727 non-financial companies with a year-ago quarter to compare, sales grew +15.1% and net profit +14.8% year on year, and the combined operating margin narrowed 25 bps to 14.1%.
For the 146 banks and lenders, net interest income grew +8.0% and net profit +10.5%.
56% of companies grew net profit; 416 turned a loss into a profit; 37% beat their own profit trend and 48% fell short of it.
4316 declared
Latest results
Results calendar
Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26
The next results season has started: 47 companies have filed results for the quarter ended 30 Sep 2026.
See them → Q3 FY26 scoreboard
Sales growth
+15.1%
YoY, 3727 companies combined; median +8.3%
Net profit growth
+14.8%
YoY combined; median +8.9%
Operating margin
14.1%
-25 bps YoY
Grew profit
56%
416 turnarounds, 346 into loss
Vs own profit trend
37% / 48%
above / below, 15% in line
Banks: NII growth
+8.0%
146 lenders; profit +10.5%
Price since results
-9.5%
median; 0% of 1 stocks up
Other-income heavy
1051
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
Latest Q3 FY26 results 4316
Page 66 of 144
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
Profit -43% below its own trend 77% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +361%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+12.4% +16.1%
140 121 125 Operating profit
+38.9% -3.3%
2.3 2.4 1.7 OPM %
+31 bps -33 bps
1.6% 2.0% 1.3% Other income
-10.2% +79.6%
1.6 0.9 1.8 Net profit?
+0.2% +13.8%
1.2 1.1 1.2 PAT margin %
-11 bps -2 bps
0.9% 0.9% 1.0% EPS (₹)
+0.0% +0.0%
0.01 0.01 0.01
Quality of profit
Pre-tax profit ₹2.1 Cr: core business ₹0.5 Cr, other income ₹1.6 Cr.
Core profit YoY: +361.0%
· reported profit +0.2%
Cash & debt
FY25 cash from operations −₹91.0 Cr:
-2319% of FY25 net profit of ₹3.9 Cr.
Borrowings ₹26.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹124 ₹140
+12.9% above Net profit ₹2.2 ₹1.2
-42.5% below
M Cap ₹172 Cr
P/E 59.7
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 934 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+408.1% +28.7%
63.9 49.7 12.6 Operating profit
from loss -1.8%
2.7 2.7 -0.7 OPM %
+934 bps -130 bps
4.2% 5.5% -5.2% Other income
from loss +798.8%
7.3 0.8 -7.7 Net profit?
from loss from loss 0.4 -0.2 -5.8 PAT margin %
+4697 bps +95 bps
0.6% -0.3% -46.3% EPS (₹)
from loss —
0.01 0.07 -0.24
No EPS growth against Sep 2025: 2:1 bonus in Feb 2026 and ₹10 to ₹2 split in Feb 2026.
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹6.9 Cr, other income ₹7.3 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹27.0 Cr.
Borrowings ₹28.0 Cr at Mar 2025.
M Cap ₹172 Cr
P/E 8.4
PEG 0.19
Profit +25% above its own trend Operating margin contracted 313 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+60.4% +19.1%
27.2 22.8 17.0 Operating profit
+43.4% +16.2%
7.2 6.2 5.0 OPM %
-313 bps -64 bps
26.4% 27.1% 29.6% Other income
to loss to loss -0.3 0.3 0.2 Net profit?
+40.7% +19.8%
5.0 4.2 3.5 PAT margin %
-257 bps +11 bps
18.4% 18.3% 20.9% EPS (₹)
+40.7% +22.6%
0.38 0.31 0.27
Quality of profit
Pre-tax profit ₹5.3 Cr: core business ₹5.3 Cr, other income −₹0.3 Cr.
Core profit YoY: +38.2%
· reported profit +40.7%
Cash & debt
FY25 cash from operations ₹33.0 Cr:
219% of FY25 net profit of ₹15.1 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹20.7 ₹27.2
+31.4% above Net profit ₹4.0 ₹5.0
+25.4% above
M Cap ₹172 Cr
P/E 54.9
PEG 4.99
Profit -56% below its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-1.4% +7.9%
29.8 27.6 30.2 Operating profit
-5.9% -6.8%
1.9 2.0 2.0 OPM %
-31 bps -101 bps
6.4% 7.4% 6.7% Other income
-75.6% -8.3%
0.1 0.1 0.5 Net profit
-53.8% -37.4%
0.7 1.1 1.6 PAT margin %
-275 bps -175 bps
2.4% 4.2% 5.2% EPS (₹)
-57.1% -40.0%
0.03 0.05 0.07
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹1.0 Cr, other income ₹0.1 Cr.
Core profit YoY: -19.0%
· reported profit -53.8%
Cash & debt
FY25 cash from operations ₹22.0 Cr:
420% of FY25 net profit of ₹5.2 Cr.
Borrowings ₹9.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹34.1 ₹29.8
-12.6% below Net profit ₹1.6 ₹0.7
-55.7% below
M Cap ₹171 Cr
P/E 167.1
PEG —
Profit -71% below its own trend Operating margin contracted 318 bps YoY Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+32.0% -9.5%
88.3 97.6 66.9 Operating profit
-7.8% -40.9%
6.5 11.0 7.1 OPM %
-318 bps -391 bps
7.4% 11.3% 10.5% Other income
to loss to loss -0.3 0.3 0.1 Net profit
-64.1% -72.6%
0.6 2.3 1.8 PAT margin %
-194 bps -167 bps
0.7% 2.4% 2.7% EPS (₹)
-67.9% -72.9%
0.51 1.88 1.59
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.9 Cr, other income −₹0.3 Cr.
Core profit YoY: -44.5%
· reported profit -64.1%
Cash & debt
FY25 cash from operations −₹3.0 Cr:
-46% of FY25 net profit of ₹6.6 Cr.
Borrowings ₹140 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹72.5 ₹88.3
+21.8% above Net profit ₹2.2 ₹0.6
-70.7% below
Operating margin contracted 414 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+3.1% +24.9%
147 118 143 Operating profit
-28.9% +127.2%
13.5 6.0 19.0 OPM %
-414 bps +414 bps
9.2% 5.1% 13.3% Other income
-22.9% -89.8%
1.4 14.3 1.9 Net profit
loss widened loss widened -11.1 -6.2 -3.0 PAT margin %
-546 bps -232 bps
-7.6% -5.2% -2.1% EPS (₹)
loss widened loss widened -7.94 -4.40 -2.14
Quality of profit
Pre-tax profit −₹16.2 Cr: core business −₹17.6 Cr, other income ₹1.4 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹98.0 Cr.
Borrowings ₹461 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹133 ₹147
+10.4% above
M Cap ₹170 Cr
P/E 21.8
PEG —
Profit +402% above its own trend Operating margin expanded 296 bps YoY 88% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+3.2% -11.0%
169 190 164 Operating profit
+117.9% -22.6%
9.5 12.3 4.4 OPM %
+296 bps -84 bps
5.6% 6.5% 2.7% Other income
-59.9% -22.4%
2.3 3.0 5.8 Net profit?
+151.1% -69.9%
1.3 4.3 0.5 PAT margin %
+45 bps -148 bps
0.8% 2.2% 0.3% EPS (₹)
+130.4% -71.5%
1.06 3.72 0.46
Quality of profit
Pre-tax profit ₹2.6 Cr: core business ₹0.3 Cr, other income ₹2.3 Cr.
Core profit YoY: from loss
· reported profit +151.1%
Cash & debt
FY25 cash from operations ₹17.0 Cr:
188% of FY25 net profit of ₹9.1 Cr.
Borrowings ₹211 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹180 ₹169
-6.1% below Net profit ₹0.3 ₹1.3
+402.2% above
M Cap ₹169 Cr
P/E 7.2
PEG 0.51
Operating margin contracted 106 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+28.3% +27.3%
390 307 304 Operating profit
+9.7% +13.4%
24.3 21.5 22.2 OPM %
-106 bps -76 bps
6.2% 7.0% 7.3% Other income
+31.2% -10.3%
0.4 0.5 0.3 Net profit
+14.2% +48.9%
5.2 3.5 4.5 PAT margin %
-16 bps +19 bps
1.3% 1.1% 1.5% EPS (₹)
+13.6% +66.7%
1.75 1.05 1.54
Quality of profit
Pre-tax profit ₹7.1 Cr: core business ₹6.7 Cr, other income ₹0.4 Cr.
Core profit YoY: +13.1%
· reported profit +14.2%
Cash & debt
FY25 cash from operations ₹16.0 Cr:
102% of FY25 net profit of ₹15.6 Cr.
Borrowings ₹388 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹317 ₹390
+23.0% above Net profit ₹5.6 ₹5.2
-8.1% in line
M Cap ₹169 Cr
P/E 10.2
PEG 0.23
Profit +158% above its own trend Operating margin expanded 1813 bps YoY Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+106.3% +19.5%
30.6 25.6 14.8 Operating profit
+947.1% +104.5%
6.9 3.4 0.7 OPM %
+1813 bps +938 bps
22.6% 13.2% 4.4% Other income
+90.6% -59.7%
0.6 1.4 0.3 Net profit
+416.2% +0.2%
4.0 4.0 0.8 PAT margin %
+790 bps -254 bps
13.2% 15.7% 5.3% EPS (₹)
+412.5% +0.4%
2.46 2.45 0.48
Quality of profit
Pre-tax profit ₹6.8 Cr: core business ₹6.2 Cr, other income ₹0.6 Cr.
Core profit YoY: —
· reported profit +416.2%
Cash & debt
FY25 cash from operations −₹23.0 Cr:
-188% of FY25 net profit of ₹12.2 Cr.
Borrowings ₹30.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹29.7 ₹30.6
+3.1% in line Net profit ₹1.6 ₹4.0
+158.1% above
M Cap ₹168 Cr
P/E 12.2
PEG 0.72
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+6.5% +3.1%
137 133 128 Operating profit
-11.2% -3.7%
3.9 4.1 4.4 OPM %
-57 bps -20 bps
2.9% 3.1% 3.4% Other income
-65.5% -48.5%
0.0 0.1 0.1 Net profit?
-3.1% -23.2%
2.6 3.4 2.7 PAT margin %
-19 bps -66 bps
1.9% 2.6% 2.1% EPS (₹)
-3.0% -23.0%
1.61 2.09 1.66
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹3.5 Cr, other income ₹0.0 Cr.
Core profit YoY: -9.6%
· reported profit -3.1%
Cash & debt
FY25 cash from operations ₹83.0 Cr:
654% of FY25 net profit of ₹12.7 Cr.
Borrowings ₹13.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹135 ₹137
+1.3% in line Net profit ₹2.8 ₹2.6
-7.8% in line
M Cap ₹168 Cr
P/E 51.1
PEG 1.42
Operating margin contracted 3444 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-9.4% -22.3%
7.2 9.3 8.0 Operating profit
to loss to loss -1.7 2.0 0.8 OPM %
-3444 bps -4485 bps
-23.8% 21.0% 10.6% Other income
+11.4% +0.1%
0.3 0.3 0.3 Net profit
loss widened to loss -1.9 0.9 -0.0 PAT margin %
-2590 bps -3518 bps
-26.0% 9.2% -0.1% EPS (₹)
loss widened to loss -1.81 0.83 -0.01
Quality of profit
Pre-tax profit −₹2.5 Cr: core business −₹2.8 Cr, other income ₹0.3 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹9.8 Cr:
231% of FY25 net profit of ₹4.3 Cr.
Borrowings ₹6.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.5 ₹7.2
-23.8% below
M Cap ₹167 Cr
P/E 7.3
PEG 0.20
57% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -44%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-4.3% -10.7%
204 228 213 Operating profit
-0.7% -10.8%
20.1 22.5 20.2 OPM %
+36 bps -1 bps
9.9% 9.9% 9.5% Other income
— +56.0%
2.1 1.3 0.2 Net profit?
+114.2% -59.3%
2.3 5.5 1.1 PAT margin %
+61 bps -132 bps
1.1% 2.4% 0.5% EPS (₹)
+75.0% -59.4%
0.28 0.69 0.16
Quality of profit
Pre-tax profit ₹3.6 Cr: core business ₹1.6 Cr, other income ₹2.1 Cr.
Core profit YoY: -44.4%
· reported profit +114.2%
Cash & debt
FY25 cash from operations ₹23.0 Cr:
320% of FY25 net profit of ₹7.2 Cr.
Borrowings ₹467 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹181 ₹204
+12.6% above
Turnaround: profit against a loss a year ago Operating margin expanded 955 bps YoY 49% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+0.5% -6.4%
72.7 77.7 72.3 Operating profit
from loss +139.2%
6.4 2.7 -0.5 OPM %
+955 bps +537 bps
8.8% 3.5% -0.7% Other income
+83.7% +60.9%
3.8 2.4 2.1 Net profit?
from loss +125.0%
5.9 2.6 -0.1 PAT margin %
+832 bps +474 bps
8.1% 3.4% -0.2% EPS (₹)
from loss +125.6%
1.70 0.75 -0.04
Quality of profit
Pre-tax profit ₹7.8 Cr: core business ₹4.0 Cr, other income ₹3.8 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹8.0 Cr.
Borrowings ₹21.0 Cr at Mar 2025.
M Cap ₹166 Cr
P/E 17.6
PEG 0.98
Operating margin contracted 278 bps YoY 86% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -63%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+1.9% -98.9%
51.1 4,657 50.1 Operating profit
-15.9% -99.2%
6.7 800 8.0 OPM %
-278 bps -405 bps
13.1% 17.2% 15.9% Other income
— -96.9%
4.0 132 0.1 Net profit
+110.9% -98.8%
3.9 317 1.9 PAT margin %
+395 bps +83 bps
7.6% 6.8% 3.7% EPS (₹)
+106.5% +23.1%
0.64 0.52 0.31
Quality of profit
Pre-tax profit ₹4.7 Cr: core business ₹0.6 Cr, other income ₹4.0 Cr.
Core profit YoY: -63.1%
· reported profit +110.9%
Cash & debt
FY25 cash from operations ₹29.0 Cr:
292% of FY25 net profit of ₹9.9 Cr.
Borrowings ₹108 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹58.8 ₹51.1
-13.1% below Net profit ₹3.7 ₹3.9
+5.5% in line
M Cap ₹165 Cr
P/E 10.8
PEG 0.83
Profit -45% below its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Total income
+20.5% +7.3%
25.7 24.0 21.4 Net interest income
— —
16.4 — — Other income
— —
1.1 — — Net profit
+0.4% +4.4%
4.8 4.5 4.7 EPS (₹)
+0.0% +6.7%
0.32 0.30 0.32
Against its own trend ?
Trend Actual Gap
Net profit ₹8.6 ₹4.8
-44.7% below
M Cap ₹165 Cr
P/E 7.0
PEG 0.16
Profit +83% above its own trend Operating margin expanded 256 bps YoY 39% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+16.8% -18.6%
140 172 120 Operating profit
+168.8% -34.3%
6.3 9.6 2.4 OPM %
+256 bps -108 bps
4.5% 5.6% 2.0% Other income
+124.0% +35.5%
3.1 2.3 1.4 Net profit?
+161.3% -35.7%
5.7 8.8 2.2 PAT margin %
+224 bps -108 bps
4.1% 5.1% 1.8% EPS (₹)
+90.0% -35.8%
0.95 1.48 0.50
Quality of profit
Pre-tax profit ₹7.9 Cr: core business ₹4.8 Cr, other income ₹3.1 Cr.
Core profit YoY: +167.1%
· reported profit +161.3%
Cash & debt
FY25 cash from operations −₹73.0 Cr:
-475% of FY25 net profit of ₹15.4 Cr.
Borrowings ₹2.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹143 ₹140
-2.2% in line Net profit ₹3.1 ₹5.7
+82.7% above
Into loss: a profit a year ago Profit -999% below its own trend Operating margin contracted 1589 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-13.9% -17.6%
37.7 45.8 43.8 Operating profit
to loss loss widened -2.3 -0.9 4.3 OPM %
-1589 bps -423 bps
-6.2% -1.9% 9.7% Other income
+307.6% +177.7%
0.4 0.2 0.1 Net profit?
to loss loss widened -7.1 -7.0 0.1 PAT margin %
-1910 bps -360 bps
-18.9% -15.3% 0.2% EPS (₹)
to loss loss widened -6.88 -6.76 0.10
Quality of profit
Pre-tax profit −₹9.1 Cr: core business −₹9.5 Cr, other income ₹0.4 Cr.
Core profit YoY: to loss
Against its own trend ?
Trend Actual Gap
Sales ₹48.8 ₹37.7
-22.7% below Net profit ₹0.1 −₹7.1
-999.0% below
Into loss: a profit a year ago Profit -999% below its own trend Operating margin contracted 591 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-29.4% -1.4%
43.5 44.1 61.5 Operating profit
to loss to loss -1.8 0.3 1.2 OPM %
-591 bps -477 bps
-4.0% 0.7% 1.9% Other income
-100.0% -100.0%
0.0 0.0 0.1 Net profit
to loss loss widened -2.8 -0.7 0.1 PAT margin %
-662 bps -485 bps
-6.4% -1.5% 0.2% EPS (₹)
to loss loss widened -1.07 -0.26 0.05
Quality of profit
Pre-tax profit −₹2.8 Cr: core business −₹2.8 Cr, other income ₹0.0 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations ₹3.0 Cr:
484% of FY25 net profit of ₹0.6 Cr.
Borrowings ₹26.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹53.7 ₹43.5
-19.1% below Net profit ₹0.1 −₹2.8
-999.0% below
M Cap ₹160 Cr
P/E 2.6
PEG 0.04
Profit +61% above its own trend Operating margin expanded 216 bps YoY Core business grew faster than reported profit (core profit +330%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+46.5% -0.5%
577 580 394 Operating profit
+159.9% +13.4%
28.6 25.2 11.0 OPM %
+216 bps +61 bps
5.0% 4.3% 2.8% Other income
-44.5% -14.4%
0.6 0.6 1.0 Net profit?
+221.0% +13.9%
12.8 11.3 4.0 PAT margin %
+121 bps +28 bps
2.2% 1.9% 1.0% EPS (₹)
+220.8% +13.9%
4.01 3.52 1.25
Quality of profit
Pre-tax profit ₹17.8 Cr: core business ₹17.2 Cr, other income ₹0.6 Cr.
Core profit YoY: +330.3%
· reported profit +221.0%
Cash & debt
FY25 cash from operations −₹144 Cr:
-988% of FY25 net profit of ₹14.6 Cr.
Borrowings ₹275 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹491 ₹577
+17.6% above Net profit ₹8.0 ₹12.8
+60.5% above
M Cap ₹160 Cr
P/E 1063.8
PEG —
Operating margin expanded 2891 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+50.9% +223.6%
16.8 5.2 11.2 Operating profit
loss narrowed loss widened -5.7 -4.1 -7.0 OPM %
+2891 bps +4447 bps
-33.7% -78.2% -62.6% Other income
+324.5% +120.6%
2.2 1.0 0.5 Net profit?
loss narrowed loss widened -6.0 -5.7 -8.0 PAT margin %
+3587 bps —
-35.5% — -71.3% EPS (₹)
loss narrowed loss widened -9.27 -8.99 -12.33
Quality of profit
Pre-tax profit −₹7.9 Cr: core business −₹10.2 Cr, other income ₹2.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹10.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.2 ₹16.8
+83.5% above
M Cap ₹160 Cr
P/E 18.4
PEG —
Exceptional items of ₹1.2 Cr in the quarter Core business grew faster than reported profit (core profit +37%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+9.1% -8.1%
112 122 103 Operating profit
+14.5% -5.3%
11.1 11.8 9.7 OPM %
+47 bps +30 bps
9.9% 9.6% 9.5% Other income
+24.0% +3.3%
0.1 0.1 0.1 Net profit?
-34.3% -60.9%
1.1 2.9 1.7 PAT margin %
-66 bps -135 bps
1.0% 2.3% 1.7% EPS (₹)
-37.0% -61.1%
0.58 1.49 0.92
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹3.1 Cr, other income ₹0.1 Cr, exceptional & other items −₹1.2 Cr.
Core profit YoY: +37.4%
· reported profit -34.3%
Cash & debt
FY25 cash from operations ₹25.0 Cr.
Borrowings ₹159 Cr at Mar 2025.
M Cap ₹158 Cr
P/E 17.3
PEG —
Profit -60% below its own trend Operating margin contracted 365 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+4.3% -26.2%
98.7 134 94.7 Operating profit
-31.5% -6.9%
6.9 7.4 10.1 OPM %
-365 bps +145 bps
7.0% 5.5% 10.6% Other income
-33.3% -42.9%
0.1 0.1 0.1 Net profit
-57.2% -21.9%
1.9 2.4 4.3 PAT margin %
-269 bps +10 bps
1.9% 1.8% 4.6% EPS (₹)
-56.9% -21.4%
0.44 0.56 1.02
Quality of profit
Pre-tax profit ₹2.9 Cr: core business ₹2.8 Cr, other income ₹0.1 Cr.
Core profit YoY: -50.5%
· reported profit -57.2%
Against its own trend ?
Trend Actual Gap
Sales ₹104 ₹98.7
-5.2% below Net profit ₹4.6 ₹1.9
-59.6% below
M Cap ₹158 Cr
P/E 21.8
PEG 0.62
Profit +74% above its own trend Core business grew faster than reported profit (core profit +282%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+20.3% +18.5%
87.7 74.0 72.9 Operating profit
+23.5% +66.6%
9.5 5.7 7.7 OPM %
+28 bps +314 bps
10.9% 7.7% 10.6% Other income
-60.2% -70.9%
0.3 1.1 0.8 Net profit?
+54.9% +148.7%
1.8 0.7 1.2 PAT margin %
+46 bps +107 bps
2.0% 1.0% 1.6% EPS (₹)
+53.4% +148.9%
1.12 0.45 0.73
Quality of profit
Pre-tax profit ₹1.8 Cr: core business ₹1.5 Cr, other income ₹0.3 Cr.
Core profit YoY: +281.8%
· reported profit +54.9%
Cash & debt
FY25 cash from operations ₹20.0 Cr:
254% of FY25 net profit of ₹7.9 Cr.
Borrowings ₹150 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹64.8 ₹87.7
+35.3% above Net profit ₹1.0 ₹1.8
+73.8% above
Operating margin expanded 982 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+15.3% -17.4%
141 171 122 Operating profit
loss narrowed to loss -1.7 29.6 -13.5 OPM %
+982 bps -1850 bps
-1.2% 17.3% -11.0% Other income
+245.8% +461.3%
2.7 0.5 0.8 Net profit?
loss widened to loss -7.1 21.2 -1.0 PAT margin %
-425 bps -1741 bps
-5.0% 12.4% -0.8% EPS (₹)
loss widened to loss -6.77 20.13 -0.92
Quality of profit
Pre-tax profit −₹7.5 Cr: core business −₹10.2 Cr, other income ₹2.7 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹2.0 Cr.
Borrowings ₹262 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹137 ₹141
+3.2% in line
M Cap ₹158 Cr
P/E 9.5
PEG 1.36
Turnaround: profit against a loss a year ago Operating margin expanded 814 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+33.3% -7.5%
189 205 142 Operating profit
from loss -29.6%
12.0 17.0 -2.6 OPM %
+814 bps -199 bps
6.3% 8.3% -1.8% Other income
+85.7% -72.6%
0.5 1.9 0.3 Net profit
from loss -64.4%
2.6 7.2 -10.3 PAT margin %
+860 bps -217 bps
1.4% 3.5% -7.2% EPS (₹)
from loss -64.5%
1.67 4.70 -6.70
Quality of profit
Pre-tax profit ₹3.4 Cr: core business ₹2.9 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹49.0 Cr:
1536% of FY25 net profit of ₹3.2 Cr.
Borrowings ₹80.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹150 ₹189
+26.5% above
M Cap ₹157 Cr
P/E 79.5
PEG —
Profit -72% below its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+24.8% +6.6%
258 242 207 Operating profit
from loss -93.2%
0.1 2.2 -0.6 OPM %
+36 bps -85 bps
0.1% 0.9% -0.3% Other income
-40.0% -34.8%
2.6 4.0 4.4 Net profit?
-43.9% -86.9%
0.7 5.3 1.2 PAT margin %
-33 bps -191 bps
0.3% 2.2% 0.6% EPS (₹)
-45.0% -87.1%
0.22 1.71 0.40
Quality of profit
Pre-tax profit ₹1.6 Cr: core business −₹1.0 Cr, other income ₹2.6 Cr.
Core profit YoY: loss narrowed
· reported profit -43.9%
Cash & debt
FY25 cash from operations ₹51.0 Cr:
434% of FY25 net profit of ₹11.8 Cr.
Borrowings ₹13.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹170 ₹258
+51.8% above Net profit ₹2.5 ₹0.7
-72.0% below
M Cap ₹156 Cr
P/E 12.6
PEG 0.70
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+18.3% +11.7%
123 110 104 Operating profit
+26.7% +6.4%
8.2 7.7 6.4 OPM %
+44 bps -33 bps
6.7% 7.0% 6.2% Other income
+433.3% +966.7%
0.3 0.0 0.1 Net profit
+18.4% +5.1%
2.9 2.8 2.5 PAT margin %
+0 bps -15 bps
2.4% 2.5% 2.4% EPS (₹)
+16.1% +5.9%
0.36 0.34 0.31
Quality of profit
Pre-tax profit ₹3.8 Cr: core business ₹3.5 Cr, other income ₹0.3 Cr.
Core profit YoY: +15.3%
· reported profit +18.4%
Cash & debt
FY25 cash from operations ₹13.0 Cr:
131% of FY25 net profit of ₹9.9 Cr.
Borrowings ₹49.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹109 ₹123
+11.9% above Net profit ₹3.0 ₹2.9
-2.3% in line
M Cap ₹155 Cr
P/E 22.8
PEG 0.53
Profit +53% above its own trend Operating margin expanded 651 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+5.0% +11.4%
27.4 24.6 26.1 Operating profit
+23.0% +7.5%
12.2 11.4 9.9 OPM %
+651 bps -163 bps
44.5% 46.1% 38.0% Other income
-29.6% +18.2%
0.4 0.3 0.6 Net profit
+50.7% +21.5%
1.6 1.3 1.0 PAT margin %
+175 bps +48 bps
5.8% 5.3% 4.0% EPS (₹)
+50.0% +20.0%
0.30 0.25 0.20
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹1.2 Cr, other income ₹0.4 Cr.
Core profit YoY: —
· reported profit +50.7%
Cash & debt
FY25 cash from operations ₹10.0 Cr:
218% of FY25 net profit of ₹4.6 Cr.
Borrowings ₹93.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹30.9 ₹27.4
-11.2% below Net profit ₹1.0 ₹1.6
+52.8% above
M Cap ₹155 Cr
P/E 4.0
PEG 1.98
Turnaround: profit against a loss a year ago Operating margin expanded 6923 bps YoY 92% of pre-tax profit came from other income and one-off items Exceptional items of ₹54.4 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-80.2% +247.6%
10.3 3.0 51.9 Operating profit
+821.5% from loss 7.3 -0.9 0.8 OPM %
+6923 bps +10014 bps
70.7% -29.4% 1.5% Other income
+190.0% —
0.3 0.0 0.1 Net profit?
from loss +162.9%
36.1 13.7 -2.2 EPS (₹)
from loss +180.2%
19.42 6.93 -1.09
Quality of profit
Pre-tax profit ₹59.2 Cr: core business ₹4.6 Cr, other income ₹0.3 Cr, exceptional & other items ₹54.4 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹5.0 Cr.
Borrowings ₹79.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹25.9 ₹10.3
-60.3% below
M Cap ₹150 Cr
P/E 33.2
PEG —
Profit -69% below its own trend Operating margin contracted 259 bps YoY FY25 operating cash flow was only 12% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-59.5% -68.1%
22.4 70.1 55.2 Operating profit
-70.8% -67.4%
1.5 4.6 5.1 OPM %
-259 bps +15 bps
6.7% 6.5% 9.3% Other income
-78.3% +223.3%
0.1 0.0 0.6 Net profit?
-61.8% -42.1%
1.4 2.5 3.7 PAT margin %
-38 bps +287 bps
6.4% 3.5% 6.8% EPS (₹)
-100.0% -100.0%
0.00 0.00 0.00
Quality of profit
Pre-tax profit ₹1.4 Cr: core business ₹1.3 Cr, other income ₹0.1 Cr.
Core profit YoY: -70.2%
· reported profit -61.8%
Cash & debt
FY25 cash from operations ₹2.0 Cr:
12% of FY25 net profit of ₹17.1 Cr.
Borrowings ₹55.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹100 ₹22.4
-77.7% below Net profit ₹4.6 ₹1.4
-68.6% below
How to read this page
The numbers. Each card is one company's Q3 FY26 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter,
before minority interest. A company's own headline, and the AI read of its filing, often quote the profit
attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's
Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that
attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two
are the same.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 14 Oct 2026, 13:12 IST
