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
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The next results season has started: 47 companies have filed results for the quarter ended 30 Sep 2026.
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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
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M Cap ₹149 Cr
P/E 332.2
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 663 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+4.7% +0.4%
101 101 96.9 Operating profit
+138.9% +40.7%
12.0 8.5 5.0 OPM %
+663 bps +338 bps
11.8% 8.4% 5.2% Other income
-15.2% -11.4%
0.8 0.9 0.9 Net profit
from loss from loss 2.6 -0.4 -3.4 PAT margin %
+608 bps +290 bps
2.5% -0.4% -3.6% EPS (₹)
from loss from loss 0.51 -0.08 -0.75
Quality of profit
Pre-tax profit ₹4.1 Cr: core business ₹3.9 Cr, other income ₹0.8 Cr, exceptional & other items −₹0.6 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹19.0 Cr.
Borrowings ₹117 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹91.7 ₹101
+10.6% above
M Cap ₹148 Cr
P/E 9.8
PEG 0.32
Profit -27% below its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+0.1% +74.5%
110 63.0 110 Operating profit
+2.9% +64.0%
10.2 6.2 9.9 OPM %
+25 bps -59 bps
9.2% 9.8% 9.0% Other income
-50.7% -82.3%
0.3 1.5 0.5 Net profit?
+6.6% +125.5%
4.8 2.1 4.5 PAT margin %
+26 bps +98 bps
4.3% 3.4% 4.1% EPS (₹)
+0.6% +116.2%
1.73 0.80 1.72
Quality of profit
Pre-tax profit ₹6.5 Cr: core business ₹6.3 Cr, other income ₹0.3 Cr.
Core profit YoY: +21.0%
· reported profit +6.6%
Cash & debt
FY25 cash from operations ₹20.0 Cr:
111% of FY25 net profit of ₹18.0 Cr.
Borrowings ₹64.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹103 ₹110
+6.4% above Net profit ₹6.5 ₹4.8
-26.6% below
M Cap ₹148 Cr
P/E 31.5
PEG —
Profit +101% above its own trend Operating margin contracted 191 bps YoY Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+126.9% +176.2%
89.6 32.4 39.5 Operating profit
+31.6% +126.3%
2.4 1.0 1.8 OPM %
-191 bps -58 bps
2.6% 3.2% 4.6% Other income
-93.0% -86.2%
0.0 0.1 0.2 Net profit
+4.0% +91.6%
1.4 0.7 1.4 PAT margin %
-189 bps -70 bps
1.6% 2.3% 3.5% EPS (₹)
+0.0% +100.0%
0.04 0.02 0.04
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹1.9 Cr, other income ₹0.0 Cr.
Core profit YoY: +20.8%
· reported profit +4.0%
Cash & debt
FY25 cash from operations −₹16.0 Cr:
-191% of FY25 net profit of ₹8.4 Cr.
Borrowings ₹39.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹50.2 ₹89.6
+78.5% above Net profit ₹0.7 ₹1.4
+101.2% above
M Cap ₹148 Cr
P/E 32.8
PEG 0.73
Profit +24% above its own trend Operating margin contracted 102 bps YoY Core business grew faster than reported profit (core profit +33%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+60.7% +3.3%
52.8 51.1 32.9 Operating profit
+30.2% +25.9%
2.3 1.8 1.8 OPM %
-102 bps +79 bps
4.4% 3.6% 5.4% Other income
-50.2% -79.3%
0.1 0.3 0.1 Net profit
-16.7% from loss 0.8 -0.2 0.9 PAT margin %
-133 bps +183 bps
1.4% -0.4% 2.8% EPS (₹)
-17.6% from loss 0.28 -0.08 0.34
Quality of profit
Pre-tax profit ₹1.2 Cr: core business ₹1.1 Cr, other income ₹0.1 Cr.
Core profit YoY: +33.0%
· reported profit -16.7%
Cash & debt
FY25 cash from operations ₹3.0 Cr:
64% of FY25 net profit of ₹4.7 Cr.
Borrowings ₹26.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹65.7 ₹52.8
-19.7% below Net profit ₹0.6 ₹0.8
+24.3% above
M Cap ₹148 Cr
P/E 7.9
PEG 0.10
Profit grew faster than the core business (core profit +8%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+24.8% +6.5%
166 156 133 Operating profit
+12.4% -11.3%
6.6 7.5 5.9 OPM %
-44 bps -80 bps
4.0% 4.8% 4.4% Other income
— -26.3%
1.4 1.9 0.1 Net profit?
+43.0% -15.3%
4.4 5.2 3.0 PAT margin %
+33 bps -68 bps
2.6% 3.3% 2.3% EPS (₹)
— —
0.19 0.17 0.11
No EPS growth against Sep 2025 and Dec 2024: ₹10 to ₹2 split in Aug 2025 and 1:1 bonus in Oct 2025.
Quality of profit
Pre-tax profit ₹5.9 Cr: core business ₹4.5 Cr, other income ₹1.4 Cr.
Core profit YoY: +7.7%
· reported profit +43.0%
Cash & debt
FY25 cash from operations ₹37.0 Cr.
Borrowings ₹19.0 Cr at Mar 2025.
M Cap ₹148 Cr
P/E 9.8
PEG 0.28
Profit -67% below its own trend Operating margin contracted 1048 bps YoY 95% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -94%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-23.0% +6.8%
11.8 11.1 15.4 Operating profit
-75.9% -80.9%
0.6 3.0 2.3 OPM %
-1048 bps -2203 bps
4.8% 26.8% 15.3% Other income
-5.8% -53.9%
1.8 3.9 1.9 Net profit?
-42.6% -72.4%
1.4 4.9 2.4 PAT margin %
-393 bps -3308 bps
11.5% 44.6% 15.4% EPS (₹)
-41.8% -72.9%
0.32 1.18 0.55
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹0.1 Cr, other income ₹1.8 Cr.
Core profit YoY: -94.0%
· reported profit -42.6%
Cash & debt
FY25 cash from operations ₹38.0 Cr:
177% of FY25 net profit of ₹21.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.3 ₹11.8
-10.9% below Net profit ₹4.1 ₹1.4
-67.2% below
M Cap ₹147 Cr
P/E 11.8
PEG —
Profit +45% above its own trend 55% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -72%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-2.9% -5.5%
59.1 62.5 60.8 Operating profit
+0.2% -38.3%
5.5 9.0 5.5 OPM %
+29 bps -498 bps
9.4% 14.4% 9.1% Other income
— +56.5%
1.3 0.8 0.1 Net profit
+57.9% -27.7%
2.4 3.3 1.5 PAT margin %
+156 bps -125 bps
4.1% 5.3% 2.5% EPS (₹)
+58.2% -27.8%
2.31 3.20 1.46
Quality of profit
Pre-tax profit ₹2.4 Cr: core business ₹1.1 Cr, other income ₹1.3 Cr.
Core profit YoY: -72.0%
· reported profit +57.9%
Cash & debt
FY25 cash from operations ₹27.0 Cr:
395% of FY25 net profit of ₹6.8 Cr.
Borrowings ₹48.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹68.8 ₹59.1
-14.1% below Net profit ₹1.7 ₹2.4
+45.2% above
M Cap ₹146 Cr
P/E 18.3
PEG 1.67
Profit +53% above its own trend Operating margin expanded 429 bps YoY Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-28.3% -48.7%
27.2 53.1 38.0 Operating profit
+6.2% +70.1%
3.6 2.1 3.4 OPM %
+429 bps +921 bps
13.2% 4.0% 8.9% Other income
-100.0% -100.0%
0.0 0.2 0.0 Net profit
-23.4% +363.9%
1.7 0.4 2.2 PAT margin %
+39 bps +546 bps
6.1% 0.7% 5.7% EPS (₹)
-23.6% +366.7%
0.42 0.09 0.55
Quality of profit
Pre-tax profit ₹1.7 Cr: core business ₹1.7 Cr, other income ₹0.0 Cr.
Core profit YoY: -16.7%
· reported profit -23.4%
Cash & debt
FY25 cash from operations −₹25.0 Cr:
-179% of FY25 net profit of ₹14.0 Cr.
Borrowings ₹172 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹36.0 ₹27.2
-24.3% below Net profit ₹1.1 ₹1.7
+53.2% above
M Cap ₹146 Cr
P/E 12.7
PEG 0.38
Profit -70% below its own trend Core business grew faster than reported profit (core profit +48%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+16.7% -10.9%
189 212 162 Operating profit
+12.1% +9.1%
4.2 3.8 3.7 OPM %
-9 bps +41 bps
2.2% 1.8% 2.3% Other income
+47.9% +136.7%
0.7 0.3 0.5 Net profit
-40.9% +20.1%
1.8 1.5 3.0 PAT margin %
-92 bps +24 bps
0.9% 0.7% 1.9% EPS (₹)
-41.5% +18.8%
0.38 0.32 0.65
Quality of profit
Pre-tax profit ₹3.1 Cr: core business ₹2.4 Cr, other income ₹0.7 Cr.
Core profit YoY: +47.9%
· reported profit -40.9%
Cash & debt
FY25 cash from operations ₹37.0 Cr:
296% of FY25 net profit of ₹12.5 Cr.
Borrowings ₹23.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹179 ₹189
+5.8% above Net profit ₹6.1 ₹1.8
-70.5% below
M Cap ₹145 Cr
P/E 26.1
PEG 1.31
Turnaround: profit against a loss a year ago Operating margin contracted 1087 bps YoY Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-2.5% +21.4%
20.7 17.1 21.3 Operating profit
-55.7% +147.4%
1.9 0.8 4.2 OPM %
-1087 bps +462 bps
9.1% 4.5% 19.9% Other income
loss narrowed to loss -0.2 1.8 -8.3 Net profit
from loss -22.5%
1.1 1.4 -1.6 PAT margin %
+1292 bps -301 bps
5.3% 8.3% -7.6% EPS (₹)
from loss -25.0%
0.06 0.08 -0.09
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹1.3 Cr, other income −₹0.2 Cr.
Core profit YoY: -64.0%
Cash & debt
FY25 cash from operations −₹5.0 Cr:
-85% of FY25 net profit of ₹5.8 Cr.
Borrowings ₹9.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹24.1 ₹20.7
-14.0% below
M Cap ₹145 Cr
P/E 29.7
PEG 0.68
Profit -78% below its own trend Operating margin expanded 2064 bps YoY Exceptional items of ₹-1.2 Cr in the quarter Core business grew faster than reported profit (core profit +149%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-24.5% -36.9%
7.4 11.7 9.8 Operating profit
+115.6% -1.8%
2.3 2.4 1.1 OPM %
+2064 bps +1136 bps
31.8% 20.4% 11.1% Other income
-52.5% -14.2%
0.3 0.3 0.6 Net profit?
-68.4% -73.0%
0.6 2.1 1.8 PAT margin %
-1093 bps -1050 bps
7.9% 18.4% 18.8% EPS (₹)
-69.0% -73.5%
0.18 0.68 0.58
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹2.1 Cr, other income ₹0.3 Cr, exceptional & other items −₹1.2 Cr.
Core profit YoY: +149.3%
· reported profit -68.4%
Cash & debt
FY25 cash from operations −₹1.5 Cr:
-55% of FY25 net profit of ₹2.8 Cr.
Borrowings ₹5.6 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹11.3 ₹7.4
-34.4% below Net profit ₹2.6 ₹0.6
-77.8% below
M Cap ₹145 Cr
P/E 12.6
PEG 0.57
Profit -59% below its own trend Operating margin contracted 531 bps YoY FY25 operating cash flow was only 6% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-3.2% -26.1%
22.8 30.9 23.6 Operating profit
-25.1% -0.2%
4.2 4.2 5.5 OPM %
-531 bps +472 bps
18.2% 13.5% 23.5% Other income
-74.0% -83.3%
0.0 0.0 0.0 Net profit
-40.7% -13.1%
3.0 3.5 5.1 PAT margin %
-831 bps +196 bps
13.1% 11.2% 21.5% EPS (₹)
-40.9% -13.4%
1.49 1.72 2.52
Quality of profit
Pre-tax profit ₹3.2 Cr: core business ₹3.2 Cr, other income ₹0.0 Cr.
Core profit YoY: -36.8%
· reported profit -40.7%
Cash & debt
FY25 cash from operations ₹1.0 Cr:
6% of FY25 net profit of ₹16.3 Cr.
Borrowings ₹15.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹31.1 ₹22.8
-26.6% below Net profit ₹7.2 ₹3.0
-58.5% below
Profit -22% below its own trend Core business grew faster than reported profit (core profit +88%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-6.2% +24.5%
76.9 61.8 82.0 Operating profit
-5.0% +142.6%
25.6 10.6 27.0 OPM %
+43 bps +1624 bps
33.4% 17.1% 32.9% Other income
— +544.6%
0.3 0.1 0.0 Net profit?
-60.1% from loss 1.6 -13.7 4.0 PAT margin %
-280 bps +2420 bps
2.1% -22.1% 4.9% EPS (₹)
-62.2% from loss 0.14 -1.32 0.37
Quality of profit
Pre-tax profit ₹4.1 Cr: core business ₹3.8 Cr, other income ₹0.3 Cr.
Core profit YoY: +88.4%
· reported profit -60.1%
Cash & debt
FY25 cash from operations ₹84.0 Cr:
10857% of FY25 net profit of ₹0.8 Cr.
Borrowings ₹292 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹81.0 ₹76.9
-5.0% below Net profit ₹2.0 ₹1.6
-21.7% below
Into loss: a profit a year ago Profit -442% below its own trend Operating margin contracted 269 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+21.4% +46.1%
124 85.0 102 Operating profit
-37.9% -44.1%
3.5 6.2 5.6 OPM %
-269 bps -454 bps
2.8% 7.3% 5.5% Other income
-71.5% -62.3%
0.1 0.2 0.3 Net profit
to loss to loss -8.0 1.3 1.8 PAT margin %
-814 bps -799 bps
-6.4% 1.6% 1.7% EPS (₹)
to loss to loss -2.42 0.42 0.58
Quality of profit
Pre-tax profit −₹2.9 Cr: core business −₹3.0 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations ₹34.0 Cr:
395% of FY25 net profit of ₹8.6 Cr.
Borrowings ₹156 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹118 ₹124
+5.3% above Net profit ₹2.3 −₹8.0
-442.1% below
M Cap ₹144 Cr
P/E 15.9
PEG 0.80
Profit -61% below its own trend Operating margin expanded 432 bps YoY Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-29.8% -66.1%
23.5 69.1 33.4 Operating profit
-15.2% +2.6%
5.9 5.7 6.9 OPM %
+432 bps +1678 bps
25.1% 8.3% 20.7% Other income
-100.0% —
0.0 0.0 0.9 Net profit?
-23.5% +40.6%
3.1 2.2 4.1 PAT margin %
+110 bps +1019 bps
13.4% 3.2% 12.3% EPS (₹)
-23.6% +40.6%
3.05 2.17 3.99
Quality of profit
Pre-tax profit ₹4.2 Cr: core business ₹4.2 Cr, other income ₹0.0 Cr.
Core profit YoY: -6.4%
· reported profit -23.5%
Cash & debt
FY25 cash from operations −₹28.0 Cr:
-259% of FY25 net profit of ₹10.8 Cr.
Borrowings ₹47.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹64.0 ₹23.5
-63.4% below Net profit ₹8.0 ₹3.1
-60.5% below
M Cap ₹144 Cr
P/E 62.9
PEG —
Profit -81% below its own trend 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-1.8% -8.9%
155 171 158 Operating profit
-17.8% -14.1%
7.7 8.9 9.3 OPM %
-96 bps -30 bps
4.9% 5.2% 5.9% Other income
+140.0% +500.0%
0.2 0.0 0.1 Net profit
-79.1% -69.2%
0.3 1.1 1.6 PAT margin %
-79 bps -41 bps
0.2% 0.6% 1.0% EPS (₹)
-79.0% -69.0%
0.63 2.03 3.00
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.6 Cr, other income ₹0.2 Cr.
Core profit YoY: -65.5%
· reported profit -79.1%
Cash & debt
FY25 cash from operations ₹64.0 Cr:
2048% of FY25 net profit of ₹3.1 Cr.
Borrowings ₹239 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹131 ₹155
+18.7% above Net profit ₹1.7 ₹0.3
-80.9% below
M Cap ₹144 Cr
P/E 10.0
PEG —
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
+35.0%
92.9 68.8 Operating profit
-45.8%
4.7 8.7 OPM %
-759 bps
5.1% 12.7% Other income
+103.3%
0.2 0.1 Net profit
+4.9%
3.7 3.6 PAT margin %
-115 bps
4.0% 5.2% EPS (₹)
+5.0%
1.27 1.21
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹1.4 Cr, other income ₹0.2 Cr.
M Cap ₹140 Cr
P/E 50.6
PEG —
Operating margin expanded 135 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY25 despite a profit Borrowings up 36% since Mar 2025
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-18.9% +6.2%
68.7 64.7 84.8 Operating profit
+48.5% -23.5%
2.0 2.7 1.4 OPM %
+135 bps -115 bps
3.0% 4.1% 1.6% Other income
+62.8% +15.6%
2.4 2.1 1.5 Net profit?
loss narrowed to loss -0.5 1.8 -0.6 PAT margin %
-14 bps -350 bps
-0.8% 2.7% -0.7% EPS (₹)
— -100.0%
0.00 0.01 0.00
Quality of profit
Pre-tax profit ₹1.9 Cr: core business −₹0.5 Cr, other income ₹2.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations −₹60.0 Cr:
-353% of FY25 net profit of ₹17.0 Cr.
Borrowings ₹38.0 Cr at Sep 2025, against ₹28.0 Cr at Mar 2025 (+36% ).
Against its own trend ?
Trend Actual Gap
Sales ₹95.9 ₹68.7
-28.3% below
Profit -84% below its own trend Operating margin contracted 3442 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
-18.4% +15.5%
9.2 8.0 11.3 Operating profit
to loss to loss -1.3 1.1 2.2 OPM %
-3442 bps -2807 bps
-14.6% 13.5% 19.8% Other income
+12.8% -44.0%
3.2 5.8 2.9 Net profit?
-67.7% -83.4%
1.2 7.2 3.7 PAT margin %
-2000 bps -7795 bps
13.1% 91.1% 33.1% EPS (₹)
-65.4% -82.4%
0.09 0.51 0.26
Quality of profit
Pre-tax profit ₹1.2 Cr: core business −₹2.0 Cr, other income ₹3.2 Cr.
Core profit YoY: to loss
· reported profit -67.7%
Cash & debt
FY25 cash from operations ₹43.0 Cr.
Borrowings ₹80.0 Cr at Sep 2025, against ₹85.0 Cr at Mar 2025 (-6% ).
Against its own trend ?
Trend Actual Gap
Sales ₹5.6 ₹9.2
+63.1% above Net profit ₹7.5 ₹1.2
-83.8% below
M Cap ₹140 Cr
P/E 19.8
PEG 2.47
Profit +67% above its own trend Operating margin expanded 422 bps YoY Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+4.5% +20.5%
27.3 22.7 26.1 Operating profit
+207.7% +54.5%
1.7 1.1 0.6 OPM %
+422 bps +141 bps
6.4% 5.0% 2.2% Other income
-83.7% -94.9%
0.0 0.8 0.2 Net profit
+234.0% -22.8%
1.1 1.5 0.3 PAT margin %
+283 bps -232 bps
4.1% 6.4% 1.3% EPS (₹)
+187.5% -24.6%
0.46 0.61 0.16
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹1.0 Cr, other income ₹0.0 Cr.
Core profit YoY: —
· reported profit +234.0%
Cash & debt
FY25 cash from operations −₹9.0 Cr:
-481% of FY25 net profit of ₹1.9 Cr.
Borrowings ₹10.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹34.1 ₹27.3
-19.9% below Net profit ₹0.7 ₹1.1
+67.0% above
M Cap ₹140 Cr
P/E 20.4
PEG —
Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+46.7% +49.5%
29.5 19.7 20.1 Operating profit
+44.3% +12.2%
2.9 2.5 2.0 OPM %
-16 bps -323 bps
9.7% 12.9% 9.8% Other income
to loss loss narrowed -0.0 -0.3 0.1 Net profit
+66.3% +64.4%
1.7 1.0 1.0 PAT margin %
+68 bps +52 bps
5.8% 5.3% 5.1% EPS (₹)
+133.3% +133.3%
0.21 0.09 0.09
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹2.1 Cr, other income −₹0.0 Cr.
Core profit YoY: +56.3%
· reported profit +66.3%
Cash & debt
FY25 cash from operations −₹14.0 Cr:
-397% of FY25 net profit of ₹3.5 Cr.
Borrowings ₹16.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹40.2 ₹29.5
-26.7% below Net profit ₹1.9 ₹1.7
-9.8% in line
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
-0.0%
53.2 53.2 Operating profit
-0.1%
8.2 8.2 OPM %
-1 bps
15.5% 15.5% Other income
-0.4%
1.2 1.2 Net profit?
+0.0%
6.1 6.1 PAT margin %
+0 bps
11.5% 11.5% EPS (₹)
+0.0%
4.40 4.40
Quality of profit
Pre-tax profit ₹6.1 Cr: core business ₹5.0 Cr, other income ₹1.2 Cr.
Cash & debt
FY25 cash from operations −₹20.0 Cr.
Borrowings ₹34.0 Cr at Mar 2025.
M Cap ₹139 Cr
P/E 15.2
PEG —
Profit -21% below its own trend
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+42.6% -7.5%
13.9 15.1 9.8 Operating profit
+45.4% +4.3%
2.6 2.5 1.8 OPM %
+36 bps +207 bps
18.4% 16.3% 18.0% Other income
+38.6% -48.4%
0.6 1.1 0.4 Net profit
+51.0% -13.6%
1.8 2.0 1.2 PAT margin %
+71 bps -89 bps
12.7% 13.6% 12.0% EPS (₹)
+50.5% -13.6%
2.92 3.38 1.94
Quality of profit
Pre-tax profit ₹2.3 Cr: core business ₹1.8 Cr, other income ₹0.6 Cr.
Core profit YoY: +38.0%
· reported profit +51.0%
Cash & debt
FY25 cash from operations ₹5.9 Cr:
133% of FY25 net profit of ₹4.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹14.5 ₹13.9
-3.7% in line Net profit ₹2.2 ₹1.8
-20.9% below
M Cap ₹139 Cr
P/E 34.3
PEG —
Profit -85% below its own trend Operating margin contracted 575 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
-6.8% -7.1%
14.2 15.3 15.3 Operating profit
-74.4% -58.7%
0.3 0.8 1.2 OPM %
-575 bps -272 bps
2.2% 4.9% 7.9% Other income
-34.9% +1.8%
0.6 0.6 0.9 Net profit?
-82.5% -66.7%
0.2 0.7 1.4 PAT margin %
-729 bps -301 bps
1.7% 4.7% 9.0% EPS (₹)
-77.8% -57.1%
0.06 0.14 0.27
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.1 Cr, other income ₹0.6 Cr.
Core profit YoY: to loss
· reported profit -82.5%
Cash & debt
FY25 cash from operations ₹2.8 Cr:
72% of FY25 net profit of ₹3.8 Cr.
Borrowings ₹0.8 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹17.5 ₹14.2
-18.6% below Net profit ₹1.6 ₹0.2
-84.6% below
M Cap ₹139 Cr
P/E 65.7
PEG —
Operating margin expanded 709 bps YoY Core business grew faster than reported profit (core profit +80%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-31.0% -40.0%
4.8 8.0 6.9 Operating profit
+50.4% -47.9%
0.6 1.2 0.4 OPM %
+709 bps -201 bps
13.1% 15.1% 6.0% Other income
-89.4% -88.8%
0.0 0.4 0.4 Net profit?
-19.7% -61.6%
0.4 1.2 0.6 PAT margin %
+131 bps -524 bps
9.3% 14.5% 8.0% EPS (₹)
-18.6% -61.1%
0.35 0.90 0.43
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.5 Cr, other income ₹0.0 Cr.
Core profit YoY: +80.4%
· reported profit -19.7%
Turnaround: profit against a loss a year ago 73% 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
— —
2.0 0.1 0.1 Operating profit
from loss from loss 1.4 -31.0 -13.0 OPM %
— —
71.6% — — Other income
-39.3% —
3.8 0.3 6.3 Net profit?
from loss from loss 4.9 -30.7 -6.8 EPS (₹)
from loss from loss 1.74 -10.88 -2.41
Quality of profit
Pre-tax profit ₹5.2 Cr: core business ₹1.4 Cr, other income ₹3.8 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations −₹4.3 Cr:
-54% of FY25 net profit of ₹7.9 Cr.
Borrowings ₹0.3 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹2.0
+999.0% above
M Cap ₹138 Cr
P/E 9.6
PEG 1.91
Profit +999% above its own trend Operating margin expanded 1398 bps YoY Core business grew faster than reported profit (core profit +922%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+37.2% +2.4%
29.3 28.7 21.4 Operating profit
+324.2% -0.1%
6.1 6.1 1.4 OPM %
+1398 bps -50 bps
20.7% 21.2% 6.7% Other income
+387.7% +176.1%
1.3 0.5 0.3 Net profit
+730.0% +16.2%
4.8 4.1 0.6 PAT margin %
+1365 bps +194 bps
16.4% 14.4% 2.7% EPS (₹)
+729.8% +16.1%
3.90 3.36 0.47
Quality of profit
Pre-tax profit ₹6.4 Cr: core business ₹5.1 Cr, other income ₹1.3 Cr.
Core profit YoY: +922.1%
· reported profit +730.0%
Cash & debt
FY25 cash from operations ₹16.0 Cr:
120% of FY25 net profit of ₹13.4 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹20.0 ₹29.3
+46.8% above Net profit ₹0.3 ₹4.8
+999.0% above
₹ Cr
Dec 2025
Sales
22.7 Operating profit
1.9 OPM %
8.5% Other income
0.1 Net profit?
0.4 PAT margin %
1.9% EPS (₹)
0.26
Sep 2025 and Dec 2024 are not on record for this company, so there is nothing to compare with yet.
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.5 Cr, other income ₹0.1 Cr.
M Cap ₹138 Cr
P/E 114.4
PEG 3.57
Into loss: a profit a year ago Profit -216% below its own trend Operating margin contracted 432 bps YoY
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+17.0% -2.8%
128 132 109 Operating profit
-23.3% -35.6%
10.5 16.3 13.7 OPM %
-432 bps -419 bps
8.2% 12.4% 12.5% Other income
to loss to loss -14.6 2.1 2.2 Net profit?
to loss to loss -7.3 9.5 6.6 PAT margin %
-1170 bps -1290 bps
-5.7% 7.2% 6.0% EPS (₹)
to loss to loss -1.25 1.64 1.13
Quality of profit
Pre-tax profit −₹8.7 Cr: core business ₹6.0 Cr, other income −₹14.6 Cr.
Core profit YoY: -22.7%
Cash & debt
FY25 cash from operations ₹77.0 Cr:
317% of FY25 net profit of ₹24.3 Cr.
Borrowings ₹111 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹113 ₹128
+12.9% above Net profit ₹6.3 −₹7.3
-215.9% below
M Cap ₹137 Cr
P/E 22.8
PEG 0.24
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+2.6% -14.1%
13.7 16.0 13.4 Operating profit
+2.4% -70.7%
4.3 14.8 4.2 OPM %
-8 bps -6097 bps
31.6% 92.6% 31.7% Other income
+24.6% -88.0%
0.9 7.1 0.7 Net profit?
loss narrowed to loss -0.5 1.4 -1.1 PAT margin %
+494 bps -1236 bps
-3.4% 8.9% -8.4% EPS (₹)
loss narrowed to loss -0.05 0.06 -0.08
Quality of profit
Pre-tax profit −₹0.1 Cr: core business −₹1.0 Cr, other income ₹0.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY25 cash from operations ₹24.0 Cr:
1446% of FY25 net profit of ₹1.7 Cr.
Borrowings ₹95.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹13.1 ₹13.7
+4.8% in line
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
