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, 14:15 IST 4316 declared
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

Latest Q3 FY26 results 4316

Page 69 of 144

Vital Chemtech Limited

VITAL · Chemicals · Q3 FY26 · Consolidated
M Cap
₹122 Cr
P/E
—
PEG
—
₹ Cr Dec 2025
Sales 26.8
Operating profit 1.4
OPM % 5.0%
Other income 0.2
Net profit? -1.3
PAT margin % -5.0%
EPS (₹) -0.56

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 −₹1.1 Cr: core business −₹1.3 Cr, other income ₹0.2 Cr.

Cash & debt

FY25 cash from operations ₹6.0 Cr.

Borrowings ₹48.0 Cr at Mar 2025.

Detailed financials →

Magnum Ventures Limited

MAGNUM · Paper · Q3 FY26 · Standalone
M Cap
₹122 Cr
P/E
—
PEG
—
  • Profit -94% below its own trend
  • Operating margin contracted 129 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.2%-14.1% 102119103
Operating profit -7.7%-3.2% 18.719.420.3
OPM % -129 bps+208 bps 18.4%16.3%19.7%
Other income -53.9%-62.7% 0.20.40.3
Net profit -96.9%-78.2% 0.31.28.4
PAT margin % -786 bps-76 bps 0.3%1.0%8.1%
EPS (₹) -96.8%-77.8% 0.040.181.26

Quality of profit

Pre-tax profit −₹2.0 Cr: core business −₹2.1 Cr, other income ₹0.2 Cr.

Core profit YoY: to loss · reported profit -96.9%

Cash & debt

FY25 cash from operations ₹40.0 Cr: 421% of FY25 net profit of ₹9.5 Cr.

Borrowings ₹208 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹121₹102 -16.0% below
Net profit₹4.2₹0.3 -93.8% below
Detailed financials →

Alpa Laboratories Limited

ALPA · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹122 Cr
P/E
27.8
PEG
4.64
  • Profit -89% below its own trend
  • Operating margin expanded 236 bps YoY
  • 52% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +719%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.1%+10.6% 29.026.326.2
Operating profit +103.2%+113.4% 1.50.70.7
OPM % +236 bps+250 bps 5.2%2.7%2.8%
Other income -89.6%-70.2% 0.93.18.8
Net profit? -78.6%— 1.90.18.9
PAT margin % -2749 bps+612 bps 6.6%0.4%34.0%
EPS (₹) -78.7%— 0.900.054.23

Quality of profit

Core 48%Other income & one-offs 52%

Pre-tax profit ₹1.7 Cr: core business ₹0.8 Cr, other income ₹0.9 Cr.

Core profit YoY: +718.8% · reported profit -78.6%

Cash & debt

FY25 cash from operations ₹18.0 Cr: 92% of FY25 net profit of ₹19.6 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹26.3₹29.0 +10.5% above
Net profit₹17.6₹1.9 -89.2% below
Detailed financials →

Sampann Utpadan India Limited

SAMPANN · Tyres & Rubber · Q3 FY26 · Consolidated
M Cap
₹121 Cr
P/E
17.3
PEG
—
  • Operating margin expanded 1126 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +52.6%+4.4% 36.434.823.8
Operating profit from loss+2.6% 4.14.0-0.0
OPM % +1126 bps-20 bps 11.1%11.3%-0.1%
Other income -93.7%-30.8% 0.20.33.4
Net profit? +59.3%+2.5% 1.91.91.2
PAT margin % +22 bps-10 bps 5.2%5.3%5.0%
EPS (₹) +34.5%+2.6% 0.390.380.29

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹2.5 Cr: core business ₹2.3 Cr, other income ₹0.2 Cr.

Core profit YoY: from loss · reported profit +59.3%

Against its own trend ?

TrendActualGap
Sales₹39.0₹36.4 -6.7% below
Detailed financials →

Latteys Industries Limited

LATTEYS · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹121 Cr
P/E
34.0
PEG
0.85
  • Profit +153% above its own trend
  • Operating margin expanded 103 bps YoY
  • Core business grew faster than reported profit (core profit +590%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +95.0%+65.6% 33.920.517.4
Operating profit +139.3%+79.3% 1.91.10.8
OPM % +103 bps+43 bps 5.6%5.1%4.5%
Other income -92.6%-52.3% 0.00.00.1
Net profit? +293.5%+61.2% 0.90.60.2
PAT margin % +139 bps-7 bps 2.8%2.8%1.4%
EPS (₹) +300.0%+60.0% 0.160.100.04

Quality of profit

Pre-tax profit ₹1.4 Cr: core business ₹1.5 Cr, other income ₹0.0 Cr.

Core profit YoY: +590.1% · reported profit +293.5%

Cash & debt

FY25 cash from operations ₹10.0 Cr: 554% of FY25 net profit of ₹1.8 Cr.

Borrowings ₹9.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹22.5₹33.9 +50.8% above
Net profit₹0.4₹0.9 +152.5% above
Detailed financials →

Supreme Engineering Limited

SUPREMEENG · Iron & Steel · Q3 FY26 · Standalone
M Cap
₹121 Cr
P/E
147.6
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 1285 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +45.1%+33.9% 6.95.14.7
Operating profit from lossfrom loss 0.7-0.4-0.1
OPM % +1285 bps+1849 bps 10.3%-8.2%-2.5%
Other income -94.1%-95.5% 0.00.20.2
Net profit from lossfrom loss 0.1-0.7-0.6
PAT margin % +1346 bps+1366 bps 1.0%-12.6%-12.4%
EPS (₹) loss narrowedloss narrowed 0.00-0.03-0.02

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹0.4 Cr.

Borrowings ₹92.2 Cr at Sep 2025, against ₹104 Cr at Mar 2025 (-12%).

Against its own trend ?

TrendActualGap
Sales₹5.7₹6.9 +20.7% above
Detailed financials →

HEC Infra Projects Limited

HECPROJECT · Construction & Infrastructure · Q3 FY26 · Standalone
M Cap
₹120 Cr
P/E
9.5
PEG
0.06
  • Profit +20% above its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +108.2%+41.6% 57.440.527.5
Operating profit +87.0%+38.9% 4.93.52.6
OPM % -97 bps-17 bps 8.6%8.7%9.5%
Other income +67.3%+29.4% 0.40.30.3
Net profit +104.0%+30.8% 2.92.21.4
PAT margin % -11 bps-42 bps 5.1%5.5%5.2%
EPS (₹) +90.8%+30.6% 2.692.061.41

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹3.9 Cr: core business ₹3.5 Cr, other income ₹0.4 Cr.

Core profit YoY: +107.9% · reported profit +104.0%

Cash & debt

FY25 cash from operations −₹26.0 Cr: -283% of FY25 net profit of ₹9.2 Cr.

Borrowings ₹38.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹44.9₹57.4 +27.7% above
Net profit₹2.4₹2.9 +19.7% above
📊 Investor presentation (09 Feb) Detailed financials →

Uravi Defence and Technology Limited

URAVIDEF · Auto Components · Q3 FY26 · Consolidated
M Cap
₹119 Cr
P/E
51.6
PEG
—
  • Operating margin contracted 400 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +1.8%-15.5% 10.212.110.0
Operating profit -41.6%-11.3% 0.60.60.9
OPM % -400 bps+26 bps 5.4%5.1%9.4%
Other income +22.7%+64.7% 0.50.30.4
Net profit? -77.5%from loss 0.2-0.00.7
PAT margin % -553 bps+194 bps 1.6%-0.4%7.1%
EPS (₹) to lossto loss -0.040.070.65

Quality of profit

Pre-tax profit ₹0.3 Cr: core business −₹0.2 Cr, other income ₹0.5 Cr.

Core profit YoY: loss widened · reported profit -77.5%

Cash & debt

FY25 cash from operations −₹2.8 Cr.

Borrowings ₹25.9 Cr at Mar 2025.

Detailed financials →

GVP Infotech Limited

GVPTECH · IT Services & Software · Q3 FY26 · Standalone
M Cap
₹119 Cr
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -44.0%-92.3% 0.11.80.2
Operating profit loss widenedloss narrowed -1.7-90.3-0.6
Other income —+233.3% 0.40.10.0
Net profit loss widenedloss narrowed -1.3-90.3-0.7
EPS (₹) loss widenedloss narrowed -0.07-4.91-0.04

Quality of profit

Pre-tax profit −₹1.3 Cr: core business −₹1.7 Cr, other income ₹0.4 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹50.0 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹0.2₹0.1 -19.7% below
Detailed financials →

Total Transport Systems Limited

TOTAL · Logistics · Q3 FY26 · Consolidated
M Cap
₹119 Cr
P/E
13.1
PEG
0.94
  • Profit -62% below its own trend
  • 25% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -10.9%-4.6% 156163175
Operating profit -14.9%-6.0% 4.54.85.3
OPM % -14 bps-4 bps 2.9%2.9%3.0%
Other income +34.9%+347.4% 0.80.20.6
Net profit? -23.7%-3.0% 2.32.43.0
PAT margin % -25 bps+2 bps 1.5%1.4%1.7%
EPS (₹) -23.9%-0.7% 1.401.411.84

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹3.4 Cr: core business ₹2.5 Cr, other income ₹0.8 Cr.

Core profit YoY: -23.3% · reported profit -23.7%

Cash & debt

FY25 cash from operations −₹2.0 Cr: -23% of FY25 net profit of ₹8.8 Cr.

Borrowings ₹39.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹181₹156 -13.6% below
Net profit₹6.0₹2.3 -61.8% below
📊 Investor presentation (07 Aug) Detailed financials →

Sadbhav Engineering Limited

SADBHAV · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹119 Cr
P/E
1.1
PEG
0.04
  • Operating margin expanded 1967 bps YoY
  • Exceptional items of ₹-129 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -4.2%-8.0% 230250240
Operating profit +31.7%+12.9% 166147126
OPM % +1967 bps+1337 bps 72.2%58.8%52.5%
Other income +14.1%-23.9% 45.660.040.0
Net profit? loss widenedto loss -85.727.0-16.0
PAT margin % -3059 bps-4805 bps -37.3%10.8%-6.7%
EPS (₹) loss widenedto loss -4.230.33-1.56

Quality of profit

Pre-tax profit −₹61.4 Cr: core business ₹21.5 Cr, other income ₹45.6 Cr, exceptional & other items −₹129 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹290 Cr.

Borrowings ₹4,176 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹184₹230 +24.7% above
Detailed financials →

Orissa Bengal Carrier Limited

OBCL · Logistics · Q3 FY26 · Consolidated
M Cap
₹117 Cr
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Profit -356% below its own trend
  • Operating margin contracted 423 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -16.2%-10.1% 77.686.292.5
Operating profit -84.6%+390.9% 0.70.14.8
OPM % -423 bps+78 bps 0.9%0.2%5.2%
Other income loss narrowedto loss -0.20.7-0.6
Net profit? to lossloss widened -2.4-2.10.8
PAT margin % -394 bps-58 bps -3.1%-2.5%0.9%
EPS (₹) to lossloss widened -1.13-1.020.38

Quality of profit

Pre-tax profit −₹2.3 Cr: core business −₹2.1 Cr, other income −₹0.2 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹15.0 Cr: -648% of FY25 net profit of ₹2.3 Cr.

Borrowings ₹59.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹102₹77.6 -24.2% below
Net profit₹0.9−₹2.4 -356.3% below
Detailed financials →

Udayshivakumar Infra Limited

USK · Construction & Infrastructure · Q3 FY26 · Standalone
M Cap
₹116 Cr
P/E
10.1
PEG
—
  • Into loss: a profit a year ago
  • Operating margin contracted 1749 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.4%-19.0% 47.058.045.0
Operating profit to lossto loss -3.06.05.0
OPM % -1749 bps-1673 bps -6.4%10.3%11.1%
Other income —— 0.00.00.0
Net profit to lossto loss -5.01.02.0
PAT margin % -1508 bps-1236 bps -10.6%1.7%4.4%
EPS (₹) to lossto loss -0.870.150.27

Quality of profit

Pre-tax profit −₹6.0 Cr: core business −₹7.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹8.0 Cr.

Borrowings ₹60.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹33.0₹47.0 +42.3% above
Detailed financials →

Surana Solar Limited

SURANASOL · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹116 Cr
P/E
18.1
PEG
0.19
  • Operating margin expanded 2691 bps YoY
  • 62% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +172%)
₹ CrYoY Dec 2025Dec 2024
Sales -76.0% 2.610.6
Operating profit +145.9% 0.80.3
OPM % +2691 bps 29.8%2.9%
Other income -0.9% 0.20.2
Net profit? +31.0% 0.20.2
PAT margin % +699 bps 8.6%1.6%
EPS (₹) +33.3% 0.040.03

Quality of profit

Core 38%Other income & one-offs 62%

Pre-tax profit ₹0.3 Cr: core business ₹0.1 Cr, other income ₹0.2 Cr.

Core profit YoY: +171.5% · reported profit +31.0%

Cash & debt

FY25 cash from operations ₹1.5 Cr.

Borrowings nil at Mar 2025.

Detailed financials →

Supreme Holdings & Hospitality (India) Limited

SUPREME · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹116 Cr
P/E
162.2
PEG
—
  • Profit -93% below its own trend
  • Operating margin contracted 5846 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
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -93.4%— 1.30.119.7
Operating profit to lossloss narrowed -0.5-0.64.6
OPM % -5846 bps— -35.2%—23.2%
Other income +15.1%-14.5% 0.81.00.7
Net profit? -96.7%-49.4% 0.10.34.3
PAT margin % -1113 bps— 10.8%—21.9%
EPS (₹) -96.5%-42.9% 0.040.071.13

Quality of profit

Pre-tax profit ₹0.3 Cr: core business −₹0.6 Cr, other income ₹0.8 Cr.

Core profit YoY: to loss · reported profit -96.7%

Cash & debt

FY25 cash from operations −₹10.7 Cr: -102% of FY25 net profit of ₹10.5 Cr.

Borrowings ₹5.8 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹9.8₹1.3 -86.8% below
Net profit₹2.2₹0.1 -93.5% below
Detailed financials →

Global Surfaces Limited

GSLSU · Building Materials · Q3 FY26 · Consolidated
M Cap
₹116 Cr
P/E
—
PEG
—
  • Operating margin expanded 1662 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +28.1%+9.1% 59.054.146.1
Operating profit from lossfrom loss 3.0-3.6-5.3
OPM % +1662 bps+1165 bps 5.1%-6.6%-11.5%
Other income -62.9%-78.2% 2.09.25.4
Net profit? loss narrowedloss narrowed -3.0-4.6-10.4
PAT margin % +1755 bps+334 bps -5.1%-8.4%-22.6%
EPS (₹) loss narrowedloss narrowed -0.71-1.10-2.45

Quality of profit

Pre-tax profit −₹3.0 Cr: core business −₹6.0 Cr, other income ₹2.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹31.0 Cr.

Borrowings ₹199 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹53.0₹59.0 +11.4% above
📊 Investor presentation (11 Aug) Detailed financials →

Anik Industries Limited

ANIKINDS · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹115 Cr
P/E
—
PEG
—
  • Profit +144% above its own trend
  • Operating margin expanded 133 bps YoY
  • 65% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +74%)
  • Operating cash flow was negative in FY25 despite a profit
  • Borrowings up 375% since Mar 2025
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -43.3%-76.9% 16.671.729.2
Operating profit -0.7%+0.5% 0.50.50.5
OPM % +133 bps+238 bps 3.1%0.7%1.8%
Other income -10.6%+126.1% 0.70.30.7
Net profit? +21.8%+163.4% 0.70.30.6
PAT margin % +238 bps+406 bps 4.5%0.4%2.1%
EPS (₹) +22.7%+170.0% 0.270.100.22

Quality of profit

Core 35%Other income & one-offs 65%

Pre-tax profit ₹1.0 Cr: core business ₹0.4 Cr, other income ₹0.7 Cr.

Core profit YoY: +74.2% · reported profit +21.8%

Cash & debt

FY25 cash from operations −₹119 Cr: -3920% of FY25 net profit of ₹3.0 Cr.

Borrowings ₹19.0 Cr at Sep 2025, against ₹4.0 Cr at Mar 2025 (+375%).

Against its own trend ?

TrendActualGap
Sales₹58.5₹16.6 -71.6% below
Net profit₹0.3₹0.7 +143.6% above
Detailed financials →

Aksh Optifibre Limited

AKSHOPTFBR · Cables & Wires · Q3 FY26 · Consolidated
M Cap
₹114 Cr
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -7.2%-13.8% 26.931.229.0
Operating profit loss widenedto loss -1.01.6-0.8
OPM % -89 bps-888 bps -3.7%5.2%-2.8%
Other income to lossto loss -0.30.70.5
Net profit? loss widenedloss widened -6.0-3.0-4.7
PAT margin % -578 bps-1235 bps -22.1%-9.8%-16.4%
EPS (₹) loss widenedloss widened -0.37-0.19-0.29

Quality of profit

Pre-tax profit −₹7.1 Cr: core business −₹6.8 Cr, other income −₹0.3 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations −₹19.0 Cr.

Borrowings ₹99.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹18.8₹26.9 +42.9% above
Detailed financials →

DB (International) Stock Brokers Limited

DBSTOCKBRO · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹114 Cr
P/E
38.3
PEG
—
  • Profit +48% above its own trend
  • Operating margin expanded 953 bps YoY
  • Core business grew faster than reported profit (core profit +22%)
  • FY25 operating cash flow was only 3% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -27.8%-17.5% 6.68.09.2
Operating profit +11.1%-3.7% 1.81.91.6
OPM % +953 bps+389 bps 27.2%23.3%17.7%
Other income —-100.0% 0.00.00.0
Net profit? -13.6%-9.2% 0.91.01.0
PAT margin % +221 bps+123 bps 13.5%12.2%11.3%
EPS (₹) -13.8%-10.7% 0.250.280.29

Quality of profit

Core 100%Other income & one-offs 0%

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

Core profit YoY: +22.1% · reported profit -13.6%

Cash & debt

FY25 cash from operations ₹0.2 Cr: 3% of FY25 net profit of ₹5.8 Cr.

Borrowings ₹2.9 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5.5₹6.6 +21.1% above
Net profit₹0.6₹0.9 +47.8% above
Detailed financials →

Indian Card Clothing Company Limited

INDIANCARD · Textiles · Q3 FY26 · Consolidated
M Cap
₹113 Cr
P/E
18.9
PEG
2.36
  • Operating margin expanded 157 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.4%-3.0% 10.410.710.6
Operating profit loss narrowedloss narrowed -3.1-3.3-3.3
OPM % +157 bps+143 bps -29.8%-31.2%-31.3%
Other income -13.4%-65.8% 3.911.44.5
Net profit? loss widenedto loss -0.65.4-0.2
PAT margin % -349 bps-5631 bps -5.9%50.5%-2.4%
EPS (₹) loss widenedto loss -1.039.11-0.42

Quality of profit

Pre-tax profit −₹0.7 Cr: core business −₹4.6 Cr, other income ₹3.9 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY25 cash from operations −₹17.3 Cr: -19% of FY25 net profit of ₹91.9 Cr.

Borrowings ₹16.9 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8.8₹10.4 +18.1% above
Detailed financials →

Ganges Securities Limited

GANGESSECU · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹113 Cr
P/E
39.0
PEG
—
  • Profit +85% above its own trend
  • Operating margin expanded 832 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -14.2%-27.5% 11.215.513.1
Operating profit +47.7%-54.9% 2.25.01.5
OPM % +832 bps-1208 bps 19.8%31.9%11.5%
Other income +65.1%+375.0% 0.20.00.1
Net profit? +42.1%-49.8% 1.52.91.0
PAT margin % +515 bps-577 bps 13.0%18.8%7.8%
EPS (₹) +41.7%-49.8% 1.462.911.03

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹2.2 Cr: core business ₹2.0 Cr, other income ₹0.2 Cr.

Core profit YoY: +53.2% · reported profit +42.1%

Cash & debt

FY25 cash from operations ₹21.3 Cr: 381% of FY25 net profit of ₹5.6 Cr.

Borrowings nil at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹12.0₹11.2 -6.5% below
Net profit₹0.8₹1.5 +85.2% above
Detailed financials →

Indbank Merchant Banking Services Limited

INDBANK · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹112 Cr
P/E
15.8
PEG
0.49
  • Profit +222% above its own trend
  • Operating margin expanded 650 bps YoY
  • FY25 operating cash flow was only 1% of profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.0%-0.5% 6.26.35.6
Operating profit +31.0%+0.4% 2.72.62.0
OPM % +650 bps+36 bps 42.6%42.2%36.1%
Other income -100.0%-100.0% 0.00.00.0
Net profit +64.1%+3.2% 1.91.91.2
PAT margin % +994 bps+110 bps 30.7%29.6%20.8%
EPS (₹) +65.4%+2.4% 0.430.420.26

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹2.6 Cr: core business ₹2.6 Cr, other income ₹0.0 Cr.

Core profit YoY: +38.0% · reported profit +64.1%

Cash & debt

FY25 cash from operations ₹0.1 Cr: 1% of FY25 net profit of ₹8.5 Cr.

Borrowings ₹0.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4.6₹6.2 +36.5% above
Net profit₹0.6₹1.9 +221.6% above
Detailed financials →

Dev Information Technology Limited

DEVIT · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹111 Cr
P/E
1.5
PEG
—
  • Into loss: a profit a year ago
  • Profit -595% below its own trend
  • Operating margin contracted 2072 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -7.5%-9.0% 44.148.547.7
Operating profit to lossto loss -6.43.13.0
OPM % -2072 bps-2091 bps -14.4%6.5%6.3%
Other income +64.2%+7.0% 0.70.70.4
Net profit? to lossto loss -7.471.91.8
PAT margin % -2062 bps— -16.8%—3.8%
EPS (₹) to lossto loss -1.2912.75adj. 0.31

EPS restated for the ₹5 to ₹2 split of Aug 2025: Dec 2024 ₹0.77 to ₹0.31.

Quality of profit

Pre-tax profit −₹7.3 Cr: core business −₹8.0 Cr, other income ₹0.7 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹9.0 Cr: -61% of FY25 net profit of ₹14.8 Cr.

Borrowings ₹20.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹61.1₹44.1 -27.8% below
Net profit₹1.5−₹7.4 -595.5% below
Detailed financials →

Weizmann Limited

WEIZMANIND · Textiles · Q3 FY26 · Consolidated
M Cap
₹111 Cr
P/E
18.0
PEG
1.64
  • Profit +35% above its own trend
  • Operating margin expanded 210 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -0.4%-20.7% 28.535.928.6
Operating profit +13.9%+19.2% 4.84.04.2
OPM % +210 bps+560 bps 16.8%11.2%14.7%
Other income -12.9%-21.3% 0.10.10.1
Net profit? +19.2%+19.3% 2.42.02.0
PAT margin % +137 bps+279 bps 8.3%5.5%7.0%
EPS (₹) +21.4%+19.5% 1.531.281.26

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹3.5 Cr: core business ₹3.5 Cr, other income ₹0.1 Cr.

Core profit YoY: +11.8% · reported profit +19.2%

Cash & debt

FY25 cash from operations ₹14.0 Cr.

Borrowings ₹11.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹33.2₹28.5 -14.3% below
Net profit₹1.8₹2.4 +35.3% above
Detailed financials →

Art Nirman Limited

ARTNIRMAN · Construction & Infrastructure · Q3 FY26 · Standalone
M Cap
₹109 Cr
P/E
276.2
PEG
4.06
  • Profit -88% below its own trend
  • Operating margin contracted 191 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
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -44.4%-63.0% 2.56.84.5
Operating profit -59.4%-90.4% 0.11.40.3
OPM % -191 bps-1480 bps 5.2%20.0%7.1%
Other income -35.7%+80.0% 0.10.10.1
Net profit -75.0%-83.7% 0.10.40.3
PAT margin % -342 bps-357 bps 2.8%6.4%6.2%
EPS (₹) -72.7%-82.4% 0.030.170.11

Quality of profit

Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.

Core profit YoY: to loss · reported profit -75.0%

Cash & debt

FY25 cash from operations −₹13.4 Cr: -674% of FY25 net profit of ₹2.0 Cr.

Borrowings ₹18.1 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3.3₹2.5 -24.1% below
Net profit₹0.6₹0.1 -87.5% below
Detailed financials →

BCPL Railway Infrastructure Limited

BCPL · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹108 Cr
P/E
10.5
PEG
—
₹ CrQoQ Dec 2025Sep 2025
Sales -53.3% 27.258.3
Operating profit -41.6% 2.84.8
OPM % +207 bps 10.3%8.3%
Other income to loss -0.31.9
Net profit? -81.9% 0.63.1
PAT margin % -326 bps 2.1%5.3%
EPS (₹) -64.2% 0.691.93

Quality of profit

Pre-tax profit ₹0.7 Cr: core business ₹1.1 Cr, other income −₹0.3 Cr.

Detailed financials →

Sambhaav Media Limited

SAMBHAAV · Media & Entertainment · Q3 FY26 · Consolidated
M Cap
₹108 Cr
P/E
—
PEG
—
  • Operating margin contracted 392 bps YoY
  • 72% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -83%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +1.0%+11.9% 11.310.111.2
Operating profit -20.3%-4.8% 1.71.72.1
OPM % -392 bps-259 bps 14.7%17.3%18.6%
Other income +2.1%-7.7% 0.20.30.2
Net profit? -33.9%from loss 0.2-0.40.3
PAT margin % -101 bps+606 bps 1.9%-4.1%2.9%
EPS (₹) -33.3%from loss 0.02-0.020.03

Quality of profit

Core 28%Other income & one-offs 72%

Pre-tax profit ₹0.3 Cr: core business ₹0.1 Cr, other income ₹0.2 Cr.

Core profit YoY: -83.4% · reported profit -33.9%

Cash & debt

FY25 cash from operations ₹20.9 Cr.

Borrowings ₹11.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹10.9₹11.3 +3.4% in line
Detailed financials →

Kohinoor Foods Limited

KOHINOOR · Packaged Foods & Food Processing · Q3 FY26 · Standalone
M Cap
₹108 Cr
P/E
1.3
PEG
0.12
  • Operating margin expanded 871 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +189.5%+14.6% 55.048.019.0
Operating profit loss narrowed— -1.0-1.0-2.0
OPM % +871 bps+27 bps -1.8%-2.1%-10.5%
Other income +700.0%+300.0% 8.02.01.0
Net profit loss narrowedloss widened -4.0-1.0-8.0
PAT margin % +3483 bps-519 bps -7.3%-2.1%-42.1%
EPS (₹) loss narrowedloss widened -1.14-0.18-2.24

Quality of profit

Pre-tax profit −₹4.0 Cr: core business −₹11.0 Cr, other income ₹8.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹439 Cr: 120% of FY25 net profit of ₹366 Cr.

Borrowings ₹277 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹15.8₹55.0 +248.9% above
Detailed financials →

Suryalakshmi Cotton Mills Limited

SURYALAXMI · Textiles · Q3 FY26 · Standalone
M Cap
₹106 Cr
P/E
26.5
PEG
—
  • Profit -72% below its own trend
  • Operating margin contracted 236 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -5.1%-4.5% 184192194
Operating profit -41.4%-30.2% 7.010.011.9
OPM % -236 bps-140 bps 3.8%5.2%6.2%
Other income +399.2%+165.3% 5.92.21.2
Net profit -43.5%+67.7% 0.50.30.9
PAT margin % -19 bps+12 bps 0.3%0.2%0.5%
EPS (₹) -42.9%+75.0% 0.280.160.49

Quality of profit

Pre-tax profit ₹0.7 Cr: core business −₹5.2 Cr, other income ₹5.9 Cr.

Core profit YoY: to loss · reported profit -43.5%

Cash & debt

FY25 cash from operations ₹8.0 Cr: 220% of FY25 net profit of ₹3.6 Cr.

Borrowings ₹287 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹201₹184 -8.9% below
Net profit₹1.8₹0.5 -71.7% below
Detailed financials →

Parsvnath Developers Limited

PARSVNATH · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹105 Cr
P/E
—
PEG
—
  • Operating margin contracted 1900 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.8%+13.1% 61.054.058.2
Operating profit to lossloss narrowed -4.0-24.57.2
OPM % -1900 bps+3874 bps -6.6%-45.3%12.4%
Other income +317.3%+484.0% 6.91.21.7
Net profit? loss widenedloss narrowed -149-154-31.5
EPS (₹) loss widenedloss narrowed -3.29-3.53-0.71

Quality of profit

Pre-tax profit −₹149 Cr: core business −₹156 Cr, other income ₹6.9 Cr.

Core profit YoY: loss widened

Cash & debt

FY25 cash from operations ₹38.0 Cr.

Borrowings ₹3,300 Cr at Sep 2025, against ₹3,325 Cr at Mar 2025 (-1%).

Against its own trend ?

TrendActualGap
Sales₹40.5₹61.0 +50.9% 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