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: 41 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
1051 matching results 1051
Page 8 of 36
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
M Cap ₹1,714 Cr
P/E 60.1
PEG —
Profit +64% above 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
-5.0% -7.8%
5.7 6.1 6.0 Operating profit
loss narrowed loss narrowed -5.0 -14.9 -6.8 OPM %
— —
-88.3% — — Other income
-2.2% -2.4%
20.9 21.4 21.4 Net profit
+9.9% +165.6%
11.1 4.2 10.1 EPS (₹)
+9.1% +166.7%
0.24 0.09 0.22
Quality of profit
Pre-tax profit ₹15.4 Cr: core business −₹5.5 Cr, other income ₹20.9 Cr.
Core profit YoY: loss narrowed
· reported profit +9.9%
Cash & debt
FY25 cash from operations −₹49.0 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹8.3 ₹5.7
-32.0% below Net profit ₹6.8 ₹11.1
+64.2% above
55% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 39% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+13.5% +100.6%
428 213 377 Operating profit
+21.8% —
29.4 0.5 24.1 OPM %
+47 bps +661 bps
6.9% 0.3% 6.4% Other income
-43.1% -55.0%
2.8 6.2 4.9 Net profit?
+3.2% from loss 2.6 -22.2 2.5 PAT margin %
-6 bps +1104 bps
0.6% -10.4% 0.7% EPS (₹)
+3.8% from loss 0.27 -2.32 0.26
Quality of profit
Pre-tax profit ₹5.0 Cr: core business ₹2.3 Cr, other income ₹2.8 Cr.
Core profit YoY: from loss
· reported profit +3.2%
Cash & debt
FY25 cash from operations ₹31.0 Cr:
39% of FY25 net profit of ₹78.7 Cr.
Borrowings ₹416 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹392 ₹428
+9.2% above Net profit ₹2.4 ₹2.6
+6.2% in line
M Cap ₹1,699 Cr
P/E 42.7
PEG —
All of pre-tax profit came from other income or one-off items
₹ Cr QoQ
Dec 2025 Sep 2025
Sales
-47.5%
42.0 80.0 Operating profit
-100.0%
0.0 32.0 OPM %
-4000 bps
0.0% 40.0% Other income
from loss 13.0 -12.0 Net profit?
-46.2%
7.0 13.0 PAT margin %
+42 bps
16.7% 16.2% EPS (₹)
-86.0%
0.71 5.06
Quality of profit
Pre-tax profit ₹11.0 Cr: core business −₹1.0 Cr, other income ₹13.0 Cr, exceptional & other items −₹1.0 Cr.
Into loss: a profit a year ago Profit -132% 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
-39.5% -37.2%
121 193 200 Operating profit
to loss loss narrowed -5.1 -12.8 3.0 OPM %
-575 bps +240 bps
-4.2% -6.6% 1.5% Other income
-41.1% -11.1%
10.7 12.0 18.2 Net profit?
to loss loss narrowed -2.4 -9.0 10.0 PAT margin %
-701 bps +268 bps
-2.0% -4.7% 5.0% EPS (₹)
to loss loss narrowed -0.22 -0.81 0.90
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹10.0 Cr, other income ₹10.7 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹496 Cr:
1276% of FY25 net profit of ₹38.9 Cr.
Borrowings ₹4.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹200 ₹121
-39.3% below Net profit ₹7.5 −₹2.4
-132.4% below
M Cap ₹1,651 Cr
P/E 11.0
PEG 1.10
Profit +22% above its own trend 42% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+2.4% -1.4%
2,990 3,032 2,921 Operating profit
+20.3% +10.5%
42.0 38.0 34.9 OPM %
+21 bps +15 bps
1.4% 1.3% 1.2% Other income
+76.1% +100.0%
18.0 9.0 10.2 Net profit?
+48.0% +50.0%
42.0 28.0 28.4 PAT margin %
+43 bps +48 bps
1.4% 0.9% 1.0% EPS (₹)
+46.8% +51.6%
24.88 16.41 16.95
Quality of profit
Pre-tax profit ₹43.0 Cr: core business ₹25.0 Cr, other income ₹18.0 Cr.
Core profit YoY: +36.3%
· reported profit +48.0%
Cash & debt
FY25 cash from operations ₹104 Cr:
94% of FY25 net profit of ₹110 Cr.
Borrowings ₹118 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3,353 ₹2,990
-10.8% below Net profit ₹34.3 ₹42.0
+22.5% above
M Cap ₹1,637 Cr
P/E 418.7
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 443 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
+1.0% +129.3%
1,075 469 1,064 Operating profit
-73.4% from loss 17.0 -2.7 64.0 OPM %
-443 bps +215 bps
1.6% -0.6% 6.0% Other income
+18.7% +200.5%
203 67.6 171 Net profit?
from loss from loss 34.0 -27.1 -9.0 PAT margin %
+401 bps +894 bps
3.2% -5.8% -0.8% EPS (₹)
from loss from loss 9.15 -5.82 -0.57
Quality of profit
Pre-tax profit ₹50.0 Cr: core business −₹153 Cr, other income ₹203 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹457 Cr:
457% of FY25 net profit of ₹100 Cr.
Borrowings ₹1,943 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹985 ₹1,075
+9.2% above
M Cap ₹1,632 Cr
P/E 38.9
PEG 0.72
Profit +63% above its own trend Operating margin expanded 300 bps YoY 33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +62%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+28.8% +4.8%
88.0 84.0 68.3 Operating profit
+59.5% +11.9%
13.7 12.3 8.6 OPM %
+300 bps +99 bps
15.6% 14.6% 12.6% Other income
+25.9% -43.7%
0.9 1.5 0.7 Net profit?
+112.5% +49.9%
11.2 7.5 5.3 PAT margin %
+501 bps +382 bps
12.7% 8.9% 7.7% EPS (₹)
+109.6% +47.5%
0.87 0.59 adj. 0.42
EPS restated for the ₹10 to ₹2 split of Mar 2026 and the 1:1 bonus of Mar 2026: Dec 2024 ₹4.15 to ₹0.42.
Quality of profit
Pre-tax profit ₹14.6 Cr: core business ₹9.7 Cr, other income ₹0.9 Cr, exceptional & other items ₹4.0 Cr.
Core profit YoY: +61.9%
· reported profit +112.5%
Cash & debt
FY25 cash from operations −₹3.0 Cr:
-14% of FY25 net profit of ₹22.2 Cr.
Borrowings ₹43.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹78.7 ₹88.0
+11.8% above Net profit ₹6.9 ₹11.2
+63.2% above
M Cap ₹1,622 Cr
P/E 4.2
PEG 1.39
Profit +999% above its own trend Operating margin contracted 1000 bps YoY 92% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 9% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+11.1% -47.4%
10.0 19.0 9.0 Operating profit
+0.0% -47.1%
9.0 17.0 9.0 OPM %
-1000 bps +53 bps
90.0% 89.5% 100.0% Other income
— +200.0%
111 37.0 1.0 Net profit?
— +122.5%
89.0 40.0 7.0 EPS (₹)
— +123.7%
23.73 10.61 1.86
Quality of profit
Pre-tax profit ₹120 Cr: core business ₹9.0 Cr, other income ₹111 Cr.
Core profit YoY: +0.0%
Cash & debt
FY25 cash from operations ₹21.0 Cr:
9% of FY25 net profit of ₹223 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹9.6 ₹10.0
+4.6% in line Net profit ₹3.5 ₹89.0
+999.0% above
Profit -56% below its own trend Operating margin contracted 404 bps YoY 60% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -64%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+23.1% -7.0%
80.0 86.0 65.0 Operating profit
+0.0% -12.5%
14.0 16.0 14.0 OPM %
-404 bps -110 bps
17.5% 18.6% 21.5% Other income
-37.5% +150.0%
5.0 2.0 8.0 Net profit
-40.0% -18.2%
9.0 11.0 15.0 PAT margin %
-1183 bps -154 bps
11.2% 12.8% 23.1% EPS (₹)
-35.7% -14.0%
2.83 3.29 4.40
Quality of profit
Pre-tax profit ₹10.0 Cr: core business ₹4.0 Cr, other income ₹5.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -63.6%
· reported profit -40.0%
Cash & debt
FY25 cash from operations −₹35.0 Cr:
-81% of FY25 net profit of ₹43.0 Cr.
Borrowings ₹328 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹85.5 ₹80.0
-6.4% below Net profit ₹20.2 ₹9.0
-55.5% below
M Cap ₹1,613 Cr
P/E 11.3
PEG 1.41
Profit +11% above its own trend 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+5.5% -5.4%
270 286 256 Operating profit
+2.4% +29.3%
42.8 33.1 41.8 OPM %
-48 bps +425 bps
15.8% 11.6% 16.3% Other income
+32.2% +4.9%
9.5 9.1 7.2 Net profit?
-1.2% +43.6%
40.0 27.9 40.5 PAT margin %
-101 bps +505 bps
14.8% 9.7% 15.8% EPS (₹)
-1.3% +43.5%
24.08 adj. 16.77adj. 24.39
EPS restated for the 1:1 bonus of Dec 2025 and the ₹10 to ₹5 split of Dec 2025: Sep 2025 ₹67.10 to ₹16.77; Dec 2024 ₹97.54 to ₹24.39.
Quality of profit
Pre-tax profit ₹51.7 Cr: core business ₹34.7 Cr, other income ₹9.5 Cr, exceptional & other items ₹7.5 Cr.
Core profit YoY: +3.2%
· reported profit -1.2%
Cash & debt
FY25 cash from operations ₹172 Cr:
122% of FY25 net profit of ₹141 Cr.
Borrowings ₹85.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹268 ₹270
+0.9% in line Net profit ₹36.2 ₹40.0
+10.5% above
M Cap ₹1,607 Cr
P/E 29.3
PEG 0.89
Profit +17% above its own trend 29% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +30%) FY25 operating cash flow was only 25% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+27.3% +20.7%
101 83.6 79.2 Operating profit
+29.0% +9.2%
13.5 12.4 10.5 OPM %
+17 bps -140 bps
13.4% 14.8% 13.2% Other income
— +17.0%
3.6 3.0 0.0 Net profit?
+69.1% +18.2%
12.0 10.2 7.1 PAT margin %
+295 bps -25 bps
11.9% 12.2% 9.0% EPS (₹)
+67.7% +19.7%
3.22 2.69 1.92
Quality of profit
Pre-tax profit ₹15.7 Cr: core business ₹11.1 Cr, other income ₹3.6 Cr, exceptional & other items ₹1.1 Cr.
Core profit YoY: +29.7%
· reported profit +69.1%
Cash & debt
FY25 cash from operations ₹9.0 Cr:
25% of FY25 net profit of ₹35.6 Cr.
Borrowings ₹23.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹90.0 ₹101
+12.1% above Net profit ₹10.3 ₹12.0
+17.0% above
M Cap ₹1,606 Cr
P/E 15.8
PEG 0.19
Profit +132% above its own trend Operating margin expanded 396 bps YoY 47% of pre-tax profit came from other income and one-off items Exceptional items of ₹11.7 Cr in the quarter Profit grew faster than the core business (core profit +86%) Operating cash flow was negative in FY25 despite a profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+18.6% -1.0%
144 145 121 Operating profit
+69.4% +2.6%
18.9 18.5 11.2 OPM %
+396 bps +47 bps
13.2% 12.7% 9.2% Other income
+582.9% +314.2%
0.9 0.2 0.1 Net profit
+245.3% +72.1%
20.1 11.7 5.8 PAT margin %
+917 bps +593 bps
14.0% 8.0% 4.8% EPS (₹)
+245.3% +72.1%
6.18 3.59 1.79
Quality of profit
Pre-tax profit ₹27.0 Cr: core business ₹14.4 Cr, other income ₹0.9 Cr, exceptional & other items ₹11.7 Cr.
Core profit YoY: +86.1%
· reported profit +245.3%
Cash & debt
FY25 cash from operations −₹16.0 Cr:
-65% of FY25 net profit of ₹24.7 Cr.
Borrowings ₹73.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹139 ₹144
+3.2% in line Net profit ₹8.6 ₹20.1
+132.1% above
M Cap ₹1,597 Cr
P/E 85.1
PEG —
56% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-14.3% -7.3%
324 349 378 Operating profit
-19.0% +20.6%
23.4 19.4 28.9 OPM %
-42 bps +167 bps
7.2% 5.6% 7.7% Other income
-9.2% +186.7%
1.3 0.5 1.4 Net profit
-56.5% from loss 1.5 -0.4 3.4 PAT margin %
-44 bps +57 bps
0.5% -0.1% 0.9% EPS (₹)
-64.3% from loss 0.25 -0.07 0.70
Quality of profit
Pre-tax profit ₹2.3 Cr: core business ₹1.0 Cr, other income ₹1.3 Cr.
Core profit YoY: -73.1%
· reported profit -56.5%
Cash & debt
FY25 cash from operations ₹108 Cr:
928% of FY25 net profit of ₹11.6 Cr.
Borrowings ₹202 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹360 ₹324
-10.0% below
M Cap ₹1,585 Cr
P/E 21.5
PEG —
32% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +114%)
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+38.3% +39.0%
912 656 659 Operating profit
+99.1% +5.6%
24.3 23.0 12.2 OPM %
+81 bps -84 bps
2.7% 3.5% 1.9% Other income
-25.5% +114.5%
8.6 4.0 11.5 Net profit?
+36.9% +23.0%
23.4 19.0 17.1 PAT margin %
-3 bps -33 bps
2.6% 2.9% 2.6% EPS (₹)
+27.9% +7.1%
13.52 12.62 10.57
Quality of profit
Pre-tax profit ₹26.4 Cr: core business ₹17.9 Cr, other income ₹8.6 Cr.
Core profit YoY: +114.2%
· reported profit +36.9%
Against its own trend ?
Trend Actual Gap
Sales ₹860 ₹912
+6.0% above Net profit ₹24.5 ₹23.4
-4.7% in line
M Cap ₹1,576 Cr
P/E 46.3
PEG —
Operating margin contracted 103 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
-99.0% -92.0%
43.0 537 4,106 Operating profit
-99.3% -98.4%
1.0 62.0 138 OPM %
-103 bps -922 bps
2.3% 11.5% 3.4% Other income
-54.2% -69.2%
4.0 13.0 8.7 Net profit?
-80.6% from loss 2.0 -2.0 10.3 PAT margin %
+440 bps +502 bps
4.7% -0.4% 0.3% EPS (₹)
-90.0% from loss 0.01 -0.04 0.10
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹66.0 Cr, other income ₹4.0 Cr, exceptional & other items ₹63.0 Cr.
Core profit YoY: loss widened
· reported profit -80.6%
Cash & debt
FY25 cash from operations ₹261 Cr:
490% of FY25 net profit of ₹53.3 Cr.
Borrowings ₹2,036 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹2,597 ₹43.0
-98.3% below
M Cap ₹1,570 Cr
P/E 27.8
PEG —
Operating margin contracted 582 bps YoY 34% 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
+9.4% -29.1%
41.0 57.8 37.5 Operating profit
-14.3% -17.8%
8.6 10.5 10.1 OPM %
-582 bps +288 bps
21.0% 18.1% 26.9% Other income
+1.8% +23.0%
4.1 3.3 4.0 Net profit
+2.2% -43.4%
9.1 16.1 8.9 PAT margin %
-157 bps -561 bps
22.2% 27.8% 23.8% EPS (₹)
+2.2% -43.3%
2.84 5.01 2.78
Quality of profit
Pre-tax profit ₹11.9 Cr: core business ₹7.8 Cr, other income ₹4.1 Cr.
Core profit YoY: -17.2%
· reported profit +2.2%
Cash & debt
FY25 cash from operations −₹61.0 Cr:
-146% of FY25 net profit of ₹41.9 Cr.
Borrowings nil at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹40.9 ₹41.0
+0.4% in line Net profit ₹8.8 ₹9.1
+3.0% in line
M Cap ₹1,537 Cr
P/E 90.7
PEG —
Profit -46% below its own trend Operating margin contracted 860 bps YoY 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+13.8% +7.4%
60.8 56.6 53.4 Operating profit
-33.6% +9.6%
7.3 6.7 11.0 OPM %
-860 bps +24 bps
12.0% 11.8% 20.6% Other income
-29.7% +3.8%
1.4 1.3 1.9 Net profit?
-63.7% +10.4%
3.0 2.7 8.2 PAT margin %
-1049 bps +13 bps
4.9% 4.8% 15.4% EPS (₹)
-63.7% +10.6%
14.90 13.47 41.10
Quality of profit
Pre-tax profit ₹5.0 Cr: core business ₹3.7 Cr, other income ₹1.4 Cr.
Core profit YoY: -57.6%
· reported profit -63.7%
Cash & debt
FY25 cash from operations ₹34.0 Cr:
86% of FY25 net profit of ₹39.5 Cr.
Borrowings ₹1.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹55.5 ₹60.8
+9.5% above Net profit ₹5.5 ₹3.0
-46.2% below
M Cap ₹1,529 Cr
P/E 28.6
PEG —
Profit -72% below its own trend Operating margin contracted 577 bps YoY 51% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-9.2% -13.1%
195 224 215 Operating profit
-25.3% -21.8%
52.1 66.7 69.8 OPM %
-577 bps -300 bps
26.7% 29.7% 32.5% Other income
-13.4% -30.6%
5.1 7.3 5.8 Net profit
-70.5% -67.1%
7.2 21.8 24.3 PAT margin %
-765 bps -605 bps
3.7% 9.7% 11.3% EPS (₹)
-70.4% -67.1%
1.33 4.04 4.50
Quality of profit
Pre-tax profit ₹9.9 Cr: core business ₹4.9 Cr, other income ₹5.1 Cr.
Core profit YoY: -81.5%
· reported profit -70.5%
Cash & debt
FY25 cash from operations ₹199 Cr:
213% of FY25 net profit of ₹93.5 Cr.
Borrowings ₹507 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹229 ₹195
-15.1% below Net profit ₹25.5 ₹7.2
-71.9% below
M Cap ₹1,507 Cr
P/E 96.9
PEG 4.62
Into loss: a profit a year ago Profit -116% below its own trend Operating margin contracted 889 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
+4.8% -0.5%
112 113 107 Operating profit
-72.8% -57.6%
3.5 8.2 12.8 OPM %
-889 bps -419 bps
3.1% 7.3% 12.0% Other income
+13.5% +45.2%
1.4 1.0 1.2 Net profit?
to loss to loss -0.6 5.1 4.5 PAT margin %
-473 bps -507 bps
-0.5% 4.6% 4.2% EPS (₹)
to loss to loss -0.38 3.77 3.46
Quality of profit
Pre-tax profit ₹2.1 Cr: core business −₹4.8 Cr, other income ₹1.4 Cr, exceptional & other items ₹5.5 Cr.
Core profit YoY: to loss
Cash & debt
FY25 cash from operations ₹49.0 Cr:
199% of FY25 net profit of ₹24.6 Cr.
Borrowings ₹99.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹105 ₹112
+6.6% above Net profit ₹3.6 −₹0.6
-116.3% below
Profit -80% below its own trend Operating margin contracted 449 bps YoY 57% of pre-tax profit came from other income and one-off items FY25 operating cash flow was only 48% of profit
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-16.6% -7.0%
251 270 301 Operating profit
-47.7% -52.5%
19.0 40.0 36.3 OPM %
-449 bps -725 bps
7.6% 14.8% 12.1% Other income
+155.7% —
4.0 0.0 1.6 Net profit?
-76.8% -75.0%
5.0 20.0 21.5 PAT margin %
-516 bps -542 bps
2.0% 7.4% 7.1% EPS (₹)
-80.0% -76.1%
0.22 0.92 1.10
Quality of profit
Pre-tax profit ₹7.0 Cr: core business ₹3.0 Cr, other income ₹4.0 Cr.
Core profit YoY: -89.1%
· reported profit -76.8%
Cash & debt
FY25 cash from operations ₹42.0 Cr:
48% of FY25 net profit of ₹88.3 Cr.
Borrowings ₹171 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹310 ₹251
-19.1% below Net profit ₹25.6 ₹5.0
-80.5% below
M Cap ₹1,491 Cr
P/E 16.3
PEG 0.35
Operating margin expanded 208 bps YoY 45% of pre-tax profit came from other income and one-off items Exceptional items of ₹1.4 Cr in the quarter
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-9.8% -22.3%
114 146 126 Operating profit
+9.4% -20.3%
13.5 17.0 12.4 OPM %
+208 bps +30 bps
11.9% 11.6% 9.8% Other income
+61.0% -45.8%
10.8 19.9 6.7 Net profit?
+25.5% -42.0%
15.5 26.7 12.4 PAT margin %
+383 bps -463 bps
13.6% 18.3% 9.8% EPS (₹)
+27.1% -41.8%
0.89 1.53 0.70
Quality of profit
Pre-tax profit ₹20.9 Cr: core business ₹11.5 Cr, other income ₹10.8 Cr, exceptional & other items −₹1.4 Cr.
Core profit YoY: +21.4%
· reported profit +25.5%
Cash & debt
FY25 cash from operations ₹45.0 Cr:
68% of FY25 net profit of ₹66.5 Cr.
Borrowings ₹236 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹129 ₹114
-11.6% below Net profit ₹16.1 ₹15.5
-3.4% in line
M Cap ₹1,470 Cr
P/E 22.9
PEG —
All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-10.5% -11.9%
509 577 569 Operating profit
-7.6% -27.6%
37.7 52.1 40.8 OPM %
+24 bps -161 bps
7.4% 9.0% 7.2% Other income
+62.4% -46.6%
14.8 27.8 9.1 Net profit?
loss narrowed to loss -3.5 11.6 -4.4 PAT margin %
+8 bps -269 bps
-0.7% 2.0% -0.8% EPS (₹)
loss narrowed to loss -0.14 0.45 -0.17
Quality of profit
Pre-tax profit ₹4.5 Cr: core business −₹10.3 Cr, other income ₹14.8 Cr.
Core profit YoY: loss widened
Cash & debt
FY25 cash from operations ₹66.0 Cr.
Borrowings ₹829 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹805 ₹509
-36.8% below
M Cap ₹1,466 Cr
P/E 156.2
PEG 3.00
Turnaround: profit against a loss a year ago Operating margin expanded 2743 bps YoY 72% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
-3.9% -26.8%
3.8 5.2 4.0 Operating profit
— from loss 1.1 -0.3 0.1 OPM %
+2743 bps +3396 bps
28.8% -5.2% 1.4% Other income
-79.4% -95.3%
0.4 9.5 2.2 Net profit?
from loss -82.2%
1.1 6.0 -11.3 PAT margin %
— —
28.0% — — EPS (₹)
from loss -83.0%
0.08 0.47 -0.89
Quality of profit
Pre-tax profit ₹1.5 Cr: core business ₹0.4 Cr, other income ₹0.4 Cr, exceptional & other items ₹0.6 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹184 Cr.
Borrowings ₹30.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹4.2 ₹3.8
-8.2% below
M Cap ₹1,445 Cr
P/E 8.0
PEG 0.67
Profit +580% above its own trend 97% 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
+26.0% -0.4%
247 248 196 Operating profit
+7.7% -31.0%
14.0 20.3 13.0 OPM %
-96 bps -252 bps
5.7% 8.2% 6.6% Other income
— +450.4%
71.0 12.9 4.0 Net profit?
— +274.7%
68.0 18.1 5.0 PAT margin %
+2498 bps +2021 bps
27.5% 7.3% 2.6% EPS (₹)
— +275.5%
3.98 1.06 0.31
Quality of profit
Pre-tax profit ₹72.0 Cr: core business ₹2.0 Cr, other income ₹71.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -33.3%
Cash & debt
FY25 cash from operations −₹19.0 Cr:
-89% of FY25 net profit of ₹21.3 Cr.
Borrowings ₹129 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹190 ₹247
+30.2% above Net profit ₹10.0 ₹68.0
+580.0% above
M Cap ₹1,436 Cr
P/E 21.8
PEG —
Profit -37% below its own trend 71% 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% +2.5%
209 204 205 Operating profit
-12.5% +40.0%
7.0 5.0 8.0 OPM %
-55 bps +90 bps
3.3% 2.5% 3.9% Other income
-44.4% -47.4%
10.0 19.0 18.0 Net profit
-35.3% -45.0%
11.0 20.0 17.0 PAT margin %
-303 bps -454 bps
5.3% 9.8% 8.3% EPS (₹)
-37.1% -48.4%
7.45 14.43 11.84
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹4.0 Cr, other income ₹10.0 Cr.
Core profit YoY: -20.0%
· reported profit -35.3%
Cash & debt
FY25 cash from operations −₹4.0 Cr:
-5% of FY25 net profit of ₹82.0 Cr.
Borrowings ₹24.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹219 ₹209
-4.6% in line Net profit ₹17.6 ₹11.0
-37.3% below
M Cap ₹1,425 Cr
P/E 38.5
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 118 bps YoY 78% 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
-1.3% -4.7%
272 285 276 Operating profit
-10.8% -27.3%
30.3 41.6 33.9 OPM %
-118 bps -346 bps
11.1% 14.6% 12.3% Other income
+33.4% +61.5%
7.2 4.5 5.4 Net profit?
from loss -82.4%
1.3 7.3 -3.0 PAT margin %
+156 bps -208 bps
0.5% 2.5% -1.1% EPS (₹)
from loss -82.4%
0.12 0.68 -0.28
Quality of profit
Pre-tax profit ₹9.2 Cr: core business ₹2.0 Cr, other income ₹7.2 Cr.
Core profit YoY: -71.1%
Cash & debt
FY25 cash from operations −₹4.0 Cr:
-208% of FY25 net profit of ₹1.9 Cr.
Borrowings ₹476 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹297 ₹272
-8.3% below
Turnaround: profit against a loss a year ago Operating margin expanded 2852 bps YoY 36% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+37.0% +56.3%
81.0 51.8 59.1 Operating profit
from loss from loss 15.3 -3.0 -5.7 OPM %
+2852 bps +2477 bps
18.9% -5.9% -9.6% Other income
-48.8% -53.3%
1.7 3.6 3.3 Net profit
from loss from loss 4.7 -11.9 -17.1 PAT margin %
+3476 bps +2874 bps
5.8% -23.0% -29.0% EPS (₹)
from loss from loss 0.69 -1.76 -3.09
Quality of profit
Pre-tax profit ₹4.7 Cr: core business ₹3.0 Cr, other income ₹1.7 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹16.0 Cr.
Borrowings ₹194 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹41.0 ₹81.0
+97.6% above
M Cap ₹1,419 Cr
P/E 51.9
PEG —
Operating margin contracted 366 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY
Dec 2025 Dec 2024
Sales
+8.6%
419 386 Operating profit
-45.6%
15.4 28.3 OPM %
-366 bps
3.7% 7.3% Other income
+87.8%
28.7 15.3 Net profit?
-15.5%
9.8 11.6 PAT margin %
-67 bps
2.4% 3.0% EPS (₹)
-15.3%
0.50 0.59
Quality of profit
Pre-tax profit ₹12.2 Cr: core business −₹16.5 Cr, other income ₹28.7 Cr.
Core profit YoY: to loss
· reported profit -15.5%
Turnaround: profit against a loss a year ago Operating margin expanded 258 bps YoY 56% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Dec 2025 Sep 2025 Dec 2024
Sales
+7.7% -5.4%
640 676 594 Operating profit
+63.8% -14.6%
48.2 56.4 29.4 OPM %
+258 bps -82 bps
7.5% 8.3% 4.9% Other income
-57.9% -11.2%
3.4 3.8 8.1 Net profit?
from loss -28.6%
3.6 5.0 -17.8 PAT margin %
+355 bps -18 bps
0.6% 0.7% -3.0% EPS (₹)
from loss -28.8%
0.42 0.59 -2.28
Quality of profit
Pre-tax profit ₹6.0 Cr: core business ₹2.6 Cr, other income ₹3.4 Cr.
Core profit YoY: from loss
Cash & debt
FY25 cash from operations ₹192 Cr.
Borrowings ₹889 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹532 ₹640
+20.3% above
Profit +124% above its own trend Operating margin expanded 462 bps YoY 55% 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
-10.3% +11.7%
387 346 431 Operating profit
+223.4% -6.0%
24.7 26.3 7.6 OPM %
+462 bps -121 bps
6.4% 7.6% 1.8% Other income
-50.2% -23.3%
10.2 13.3 20.6 Net profit?
+11.8% -15.2%
19.0 22.4 17.0 PAT margin %
+97 bps -156 bps
4.9% 6.5% 3.9% EPS (₹)
+12.1% -20.4%
2.96 3.72 2.64
Quality of profit
Pre-tax profit ₹24.2 Cr: core business ₹10.9 Cr, other income ₹10.2 Cr, exceptional & other items ₹3.1 Cr.
Core profit YoY: from loss
· reported profit +11.8%
Cash & debt
FY25 cash from operations −₹61.0 Cr:
-56% of FY25 net profit of ₹109 Cr.
Borrowings ₹82.0 Cr at Mar 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹393 ₹387
-1.7% in line Net profit ₹8.5 ₹19.0
+123.5% above
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 13 Oct 2026, 17:43 IST
