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 13 Oct 2026, 17:12 IST 4316 declared
The next results season has started: 38 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 9 of 144

Indian Railway Catering And Tourism Corporation Limited

IRCTC · Travel & Tourism · Q3 FY26 · Standalone
M Cap
₹37,016 Cr
P/E
26.6
PEG
2.22
  • Operating margin contracted 195 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +18.3%+26.4% 1,4491,1461,225
Operating profit +11.5%+15.1% 465404417
OPM % -195 bps-316 bps 32.1%35.3%34.0%
Other income +43.8%+17.4% 81.069.056.3
Net profit +15.5%+15.2% 394342341
PAT margin % -67 bps-265 bps 27.2%29.8%27.9%
EPS (₹) +15.5%+15.5% 4.934.274.27

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹529 Cr: core business ₹448 Cr, other income ₹81.0 Cr.

Core profit YoY: +11.9% · reported profit +15.5%

Cash & debt

FY25 cash from operations ₹834 Cr: 63% of FY25 net profit of ₹1,315 Cr.

Borrowings ₹90.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,330₹1,449 +8.9% above
Net profit₹384₹394 +2.7% in line
Detailed financials →

K.P.R. Mill Limited

KPRMILL · Textiles · Q3 FY26 · Consolidated
M Cap
₹37,013 Cr
P/E
40.6
PEG
20.29
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -4.0%-10.1% 1,4671,6321,529
Operating profit -2.6%-6.3% 295314302
OPM % +31 bps+82 bps 20.1%19.3%19.8%
Other income +109.1%+40.0% 33.523.916.0
Net profit? +3.1%-4.3% 209218202
PAT margin % +99 bps+86 bps 14.2%13.4%13.2%
EPS (₹) +3.0%-4.4% 6.106.385.92

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹263 Cr: core business ₹229 Cr, other income ₹33.5 Cr.

Core profit YoY: -4.3% · reported profit +3.1%

Cash & debt

FY25 cash from operations ₹1,401 Cr: 172% of FY25 net profit of ₹815 Cr.

Borrowings ₹466 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,682₹1,467 -12.8% below
Net profit₹213₹209 -2.2% in line
📊 Investor presentation (13 Aug) Detailed financials →

Emcure Pharmaceuticals Limited

EMCURE · Pharmaceuticals · Q3 FY26 · Consolidated
M Cap
₹35,427 Cr
P/E
34.8
PEG
1.66
  • Operating margin expanded 278 bps YoY
  • Exceptional items of ₹38.1 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +20.4%+4.1% 2,3632,2701,963
Operating profit +39.0%+3.7% 493475355
OPM % +278 bps-8 bps 20.8%20.9%18.1%
Other income -52.4%-38.2% 1.93.03.9
Net profit? +48.2%-7.8% 231251156
PAT margin % +184 bps-127 bps 9.8%11.1%8.0%
EPS (₹) +49.8%-5.3% 12.1612.848.12

Quality of profit

Pre-tax profit ₹314 Cr: core business ₹350 Cr, other income ₹1.9 Cr, exceptional & other items −₹38.2 Cr.

Core profit YoY: +54.9% · reported profit +48.2%

Cash & debt

FY25 cash from operations ₹852 Cr: 120% of FY25 net profit of ₹707 Cr.

Borrowings ₹1,023 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,291₹2,363 +3.2% in line
Net profit₹211₹231 +9.4% in line
📊 Investor presentation (25 Sep) Detailed financials →

Global Health Limited

MEDANTA · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹35,186 Cr
P/E
63.7
PEG
3.18
  • Profit -44% below its own trend
  • Operating margin contracted 582 bps YoY
  • Exceptional items of ₹36.6 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +18.8%+2.0% 1,1211,099943
Operating profit -8.6%-5.9% 217231238
OPM % -582 bps-163 bps 19.4%21.0%25.2%
Other income +35.9%+10.4% 21.819.716.0
Net profit? -33.5%-40.0% 95.0158143
PAT margin % -667 bps-593 bps 8.5%14.4%15.1%
EPS (₹) -33.5%-39.9% 3.545.895.32

Quality of profit

Pre-tax profit ₹120 Cr: core business ₹135 Cr, other income ₹21.8 Cr, exceptional & other items −₹36.6 Cr.

Core profit YoY: -22.2% · reported profit -33.5%

Cash & debt

FY25 cash from operations ₹624 Cr: 130% of FY25 net profit of ₹482 Cr.

Borrowings ₹718 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,085₹1,121 +3.3% in line
Net profit₹169₹95.0 -43.8% below
📊 Investor presentation (30 Jul) Detailed financials →

L&T Technology Services Limited

LTTS · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹35,104 Cr
P/E
26.5
PEG
6.64
  • Operating margin contracted 107 bps YoY
  • Exceptional items of ₹-35.4 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.2%-1.9% 2,9242,9802,653
Operating profit +3.9%+4.7% 514491495
OPM % -107 bps+110 bps 17.6%16.5%18.6%
Other income -0.6%-49.2% 33.365.633.5
Net profit? -5.1%-7.9% 303329320
PAT margin % -168 bps-68 bps 10.4%11.0%12.0%
EPS (₹) -6.3%-7.9% 28.5631.0230.47

Quality of profit

Pre-tax profit ₹410 Cr: core business ₹412 Cr, other income ₹33.3 Cr, exceptional & other items −₹35.4 Cr.

Core profit YoY: +1.4% · reported profit -5.1%

Cash & debt

FY25 cash from operations ₹1,481 Cr: 117% of FY25 net profit of ₹1,264 Cr.

Borrowings ₹578 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,080₹2,924 -5.1% below
Net profit₹306₹303 -1.0% in line
📊 Investor presentation (14 Jul) Detailed financials →

AIA Engineering Limited

AIAENG · Castings & Forgings · Q3 FY26 · Consolidated
M Cap
₹34,959 Cr
P/E
27.6
PEG
3.95
  • 35% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.1%+1.8% 1,0671,0481,066
Operating profit +2.6%-2.2% 290297283
OPM % +68 bps-111 bps 27.2%28.3%26.5%
Other income +88.0%+37.1% 13598.772.0
Net profit? +13.1%+5.6% 293277259
PAT margin % +316 bps+98 bps 27.5%26.5%24.3%
EPS (₹) +13.5%+6.1% 31.5429.7327.78

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹378 Cr: core business ₹246 Cr, other income ₹135 Cr, exceptional & other items −₹3.5 Cr.

Core profit YoY: -3.9% · reported profit +13.1%

Cash & debt

FY25 cash from operations ₹1,162 Cr: 110% of FY25 net profit of ₹1,059 Cr.

Borrowings ₹491 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,071₹1,067 -0.4% in line
Net profit₹282₹293 +3.9% in line
📊 Investor presentation (12 Aug) Detailed financials →

Anand Rathi Wealth Limited

ANANDRATHI · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹34,653 Cr
P/E
—
PEG
—
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +25.2%-0.5% 306307244
Operating profit (pre-provision) +29.9%+0.9% 135134104
Net profit? +29.6%+0.3% 10099.977.3
EPS (₹) +29.9%+0.3% 12.0712.03adj. 9.29

EPS restated for the 1:1 bonus of Mar 2025: Dec 2024 ₹18.58 to ₹9.29.

Where profit came from

Pre-provision profit ₹135 Cr (+29.9% YoY).

Net profit +29.6% YoY.

Against its own trend ?

TrendActualGap
Total income₹301₹306 +1.7% in line
Net profit₹101₹100 -1.0% in line
📊 Investor presentation (09 Oct) Detailed financials →

Nuvama Wealth Management Limited

NUVAMA · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹34,470 Cr
P/E
—
PEG
—
  • Profit -32% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +5.5%+111.7% 406192385
Net interest income from loss-90.2% 0.54.6-3.2
Other income +8.6%+126.1% 392174361
Operating profit (pre-provision) +35.4%+387.1% 29761.0219
Provisions loss widenedloss narrowed -0.1-1.3-0.1
Net profit +35.5%+504.7% 28046.4207
EPS (₹) +34.0%+501.4% 15.48adj. 2.57adj. 11.55
Cost-to-income % -1435 bps-4138 bps 24.4%65.8%38.7%

EPS restated for the ₹10 to ₹2 split of Dec 2025: Sep 2025 ₹12.87 to ₹2.57; Dec 2024 ₹57.77 to ₹11.55.

Where profit came from

Pre-provision profit ₹297 Cr (+35.4% YoY); provisions −₹0.1 Cr.

Net profit +35.5% YoY.

Against its own trend ?

TrendActualGap
Net profit₹414₹280 -32.3% below
Detailed financials →

Narayana Hrudayalaya Ltd.

NH · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹34,369 Cr
P/E
42.1
PEG
3.51
  • Profit -36% below its own trend
  • Operating margin contracted 539 bps YoY
  • Exceptional items of ₹-50.9 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +57.4%+30.9% 2,1511,6441,367
Operating profit +19.6%-8.8% 367403307
OPM % -539 bps-741 bps 17.1%24.5%22.5%
Other income +26.4%-3.3% 23.224.018.4
Net profit? -34.3%-51.0% 127258193
PAT margin % -823 bps-983 bps 5.9%15.7%14.1%
EPS (₹) -34.3%-50.9% 6.2412.729.50

Quality of profit

Pre-tax profit ₹150 Cr: core business ₹180 Cr, other income ₹23.2 Cr, exceptional & other items −₹52.8 Cr.

Core profit YoY: -10.2% · reported profit -34.3%

Cash & debt

FY25 cash from operations ₹986 Cr: 125% of FY25 net profit of ₹791 Cr.

Borrowings ₹2,428 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,564₹2,151 +37.6% above
Net profit₹199₹127 -36.3% below
📊 Investor presentation (03 Aug) Detailed financials →

3M India Limited

3MINDIA · Diversified Conglomerates · Q3 FY26 · Standalone
M Cap
₹34,173 Cr
P/E
59.2
PEG
6.58
  • Into loss: a profit a year ago
  • Profit -151% below its own trend
  • Operating margin expanded 468 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.7%-3.0% 1,2281,2661,090
Operating profit +50.0%-9.8% 231256154
OPM % +468 bps-141 bps 18.8%20.2%14.1%
Other income to lossto loss -65.012.017.0
Net profit to lossto loss -62.0191114
PAT margin % -1551 bps-2014 bps -5.0%15.1%10.5%
EPS (₹) to lossto loss -55.08169.85100.99

Quality of profit

Pre-tax profit ₹115 Cr: core business ₹180 Cr, other income −₹65.0 Cr.

Core profit YoY: +31.4%

Cash & debt

FY25 cash from operations ₹355 Cr: 76% of FY25 net profit of ₹465 Cr.

Borrowings ₹100 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,263₹1,228 -2.8% in line
Net profit₹121−₹62.0 -151.1% below
📊 Investor presentation (27 May) Detailed financials →

Endurance Technologies Limited

ENDURANCE · Auto Components · Q3 FY26 · Consolidated
M Cap
₹34,063 Cr
P/E
35.1
PEG
1.30
  • Exceptional items of ₹-20.9 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +26.2%+0.7% 3,6083,5832,859
Operating profit +28.1%+0.1% 477477373
OPM % +19 bps-9 bps 13.2%13.3%13.0%
Other income +70.3%+78.2% 37.421.021.9
Net profit? +20.2%-2.5% 222227184
PAT margin % -31 bps-20 bps 6.1%6.3%6.4%
EPS (₹) +20.2%-2.5% 15.7616.1613.11

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹301 Cr: core business ₹284 Cr, other income ₹37.4 Cr, exceptional & other items −₹20.9 Cr.

Core profit YoY: +26.5% · reported profit +20.2%

Cash & debt

FY25 cash from operations ₹1,532 Cr: 183% of FY25 net profit of ₹836 Cr.

Borrowings ₹944 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,275₹3,608 +10.2% above
Net profit₹211₹222 +5.2% in line
📊 Investor presentation (13 Aug) Detailed financials →

NLC India Limited

NLCINDIA · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹33,917 Cr
P/E
10.1
PEG
0.63
  • Profit -48% below its own trend
  • Operating margin expanded 673 bps YoY
  • 43% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +39%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +0.7%+1.7% 4,4434,3694,411
Operating profit +29.6%-15.5% 1,3441,5901,038
OPM % +673 bps-614 bps 30.3%36.4%23.5%
Other income -25.2%+116.3% 364168486
Net profit? +4.0%-0.1% 724725696
PAT margin % +52 bps-30 bps 16.3%16.6%15.8%
EPS (₹) +4.0%-0.2% 5.225.235.02

Quality of profit

Core 57%Other income & one-offs 43%

Pre-tax profit ₹843 Cr: core business ₹479 Cr, other income ₹364 Cr.

Core profit YoY: +39.4% · reported profit +4.0%

Cash & debt

FY25 cash from operations ₹8,977 Cr: 331% of FY25 net profit of ₹2,714 Cr.

Borrowings ₹22,429 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,134₹4,443 -13.5% below
Net profit₹1,392₹724 -48.0% below
📊 Investor presentation (27 May) Detailed financials →

Voltas Limited

VOLTAS · Consumer Durables & Appliances · Q3 FY26 · Consolidated
M Cap
₹33,750 Cr
P/E
76.4
PEG
4.49
  • Profit +28% above its own trend
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -1.2%+31.7% 3,0552,3203,091
Operating profit -12.1%+326.5% 14534.0165
OPM % -59 bps+328 bps 4.7%1.5%5.3%
Other income -11.0%-29.3% 65.092.073.0
Net profit? -35.9%+162.5% 84.032.0131
PAT margin % -149 bps+137 bps 2.7%1.4%4.2%
EPS (₹) -35.6%+147.1% 2.571.043.99

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹116 Cr: core business ₹93.0 Cr, other income ₹65.0 Cr, exceptional & other items −₹42.0 Cr.

Core profit YoY: -29.0% · reported profit -35.9%

Cash & debt

FY25 cash from operations −₹225 Cr: -27% of FY25 net profit of ₹835 Cr.

Borrowings ₹892 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,128₹3,055 -2.3% in line
Net profit₹65.5₹84.0 +28.2% above
📊 Investor presentation (14 Aug) Detailed financials →

Container Corporation of India Limited

CONCOR · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹33,568 Cr
P/E
26.9
PEG
13.45
  • Profit -12% below its own trend
  • Operating margin expanded 122 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.5%-2.0% 2,3082,3552,208
Operating profit +10.6%-10.8% 514576465
OPM % +122 bps-218 bps 22.3%24.5%21.1%
Other income -3.4%+5.1% 92.588.095.7
Net profit? -8.8%-11.8% 335380367
PAT margin % -211 bps-162 bps 14.5%16.1%16.6%
EPS (₹) -8.8%-11.5% 4.404.97adj. 4.82

EPS restated for the 1:4 bonus of Jul 2025: Dec 2024 ₹6.03 to ₹4.82.

Quality of profit

Core 79%Other income & one-offs 21%

Pre-tax profit ₹433 Cr: core business ₹340 Cr, other income ₹92.5 Cr.

Core profit YoY: -5.9% · reported profit -8.8%

Cash & debt

FY25 cash from operations ₹1,712 Cr: 133% of FY25 net profit of ₹1,291 Cr.

Borrowings ₹861 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,234₹2,308 +3.3% in line
Net profit₹380₹335 -11.9% below
Detailed financials →

Hexaware Technologies Limited

HEXT · IT Services & Software · Q3 FY26 · Consolidated
M Cap
₹33,529 Cr
P/E
25.0
PEG
—
  • Operating margin contracted 468 bps YoY
  • 31% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-111 Cr in the quarter
  • Profit grew faster than the core business (core profit -43%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.3%-0.2% 3,4783,4843,154
Operating profit -22.9%-38.2% 378612490
OPM % -468 bps-669 bps 10.9%17.6%15.5%
Other income +805.1%— 214—23.6
Net profit? -9.1%-21.2% 292370321
PAT margin % -178 bps-223 bps 8.4%10.6%10.2%
EPS (₹) -8.8%-21.3% 4.796.095.25

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹326 Cr: core business ₹223 Cr, other income ₹214 Cr, exceptional & other items −₹111 Cr.

Core profit YoY: -43.3% · reported profit -9.1%

📊 Investor presentation (21 Aug) Detailed financials →

Exide Industries Limited

EXIDEIND · Auto Components · Q3 FY26 · Consolidated
M Cap
₹33,503 Cr
P/E
35.8
PEG
11.92
  • Profit +37% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.6%-3.8% 4,2014,3654,017
Operating profit +6.5%+15.5% 452391425
OPM % +19 bps+180 bps 10.8%9.0%10.6%
Other income +21.3%-71.3% 15.453.712.7
Net profit? +23.1%+12.3% 195174158
PAT margin % +70 bps+66 bps 4.6%4.0%3.9%
EPS (₹) +24.5%+13.4% 2.292.021.84

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹283 Cr: core business ₹278 Cr, other income ₹15.4 Cr, exceptional & other items −₹10.0 Cr.

Core profit YoY: +23.3% · reported profit +23.1%

Cash & debt

FY25 cash from operations ₹1,273 Cr: 159% of FY25 net profit of ₹800 Cr.

Borrowings ₹2,017 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,113₹4,201 +2.1% in line
Net profit₹142₹195 +37.3% above
📊 Investor presentation (01 Aug) Detailed financials →

Syrma SGS Technology Limited

SYRMA · Electronic Components · Q3 FY26 · Consolidated
M Cap
₹33,463 Cr
P/E
83.6
PEG
2.14
  • Operating margin expanded 338 bps YoY
  • Core business grew faster than reported profit (core profit +191%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +45.3%+16.3% 1,2641,087870
Operating profit +98.8%+50.9% 15910580.0
OPM % +338 bps+288 bps 12.6%9.7%9.2%
Other income -65.0%-28.7% 7.09.820.0
Net profit? +107.5%+68.2% 11065.453.0
PAT margin % +261 bps+269 bps 8.7%6.0%6.1%
EPS (₹) +94.5%+51.9% 5.333.512.74

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹138 Cr: core business ₹131 Cr, other income ₹7.0 Cr.

Core profit YoY: +191.1% · reported profit +107.5%

Cash & debt

FY25 cash from operations ₹176 Cr: 123% of FY25 net profit of ₹143 Cr.

Borrowings ₹665 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,039₹1,264 +21.7% above
Net profit₹106₹110 +3.8% in line
📊 Investor presentation (07 Jun) Detailed financials →

Himadri Speciality Chemical Limited

HSCL · Chemicals · Q3 FY26 · Consolidated
M Cap
₹33,373 Cr
P/E
41.5
PEG
0.88
  • Operating margin expanded 113 bps YoY
  • Profit grew faster than the core business (core profit +8%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +3.8%+10.5% 1,1841,0711,141
Operating profit +9.8%+4.1% 243233221
OPM % +113 bps-126 bps 20.5%21.8%19.4%
Other income +289.5%+29.4% 46.636.012.0
Net profit? +36.1%+9.0% 192176141
PAT margin % +385 bps-22 bps 16.2%16.4%12.4%
EPS (₹) +33.3%+7.3% 3.843.582.88

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹255 Cr: core business ₹209 Cr, other income ₹46.6 Cr.

Core profit YoY: +7.6% · reported profit +36.1%

Cash & debt

FY25 cash from operations ₹447 Cr: 81% of FY25 net profit of ₹555 Cr.

Borrowings ₹313 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,087₹1,184 +8.9% above
Net profit₹187₹192 +2.8% in line
📊 Investor presentation (15 Jul) Detailed financials →

Godrej Industries Limited

GODREJIND · Chemicals · Q3 FY26 · Consolidated
M Cap
₹33,207 Cr
P/E
15.0
PEG
1.07
  • Operating margin contracted 160 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹-63.8 Cr in the quarter
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.7%+0.4% 5,0515,0324,825
Operating profit -8.8%+306.4% 544134597
OPM % -160 bps+811 bps 10.8%2.7%12.4%
Other income +100.7%-48.6% 6461,258322
Net profit? +12.9%-28.5% 353493312
PAT margin % +51 bps-281 bps 7.0%9.8%6.5%
EPS (₹) +8.6%-15.7% 6.077.205.59

Quality of profit

Pre-tax profit ₹486 Cr: core business −₹208 Cr, other income ₹646 Cr, exceptional & other items ₹47.6 Cr.

Core profit YoY: loss widened · reported profit +12.9%

Cash & debt

FY25 cash from operations −₹5,151 Cr: -277% of FY25 net profit of ₹1,858 Cr.

Borrowings ₹38,088 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹5,586₹5,051 -9.6% below
Net profit₹354₹353 -0.3% in line
Detailed financials →

Star Health and Allied Insurance Company Limited

STARHEALTH · NBFC & Finance Companies · Q3 FY26 · Standalone
M Cap
₹33,139 Cr
P/E
39.3
PEG
—
  • Operating margin contracted 311 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.1%+4.3% 4,5664,3784,146
Operating profit -39.6%+129.3% 17275.0285
OPM % -311 bps+205 bps 3.8%1.7%6.9%
Other income +0.0%-33.3% 2.03.02.0
Net profit -40.5%+132.7% 12855.0215
PAT margin % -238 bps+155 bps 2.8%1.3%5.2%
EPS (₹) -40.4%+134.4% 2.180.933.66

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹173 Cr: core business ₹172 Cr, other income ₹2.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -39.6% · reported profit -40.5%

Cash & debt

FY25 cash from operations ₹1,379 Cr: 213% of FY25 net profit of ₹646 Cr.

Borrowings ₹470 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,593₹4,566 -0.6% in line
Net profit₹133₹128 -3.7% in line
📊 Investor presentation (29 Jul) Detailed financials →

Karur Vysya Bank Limited

KARURVYSYA · Private Sector Banks · Q3 FY26 · Standalone
M Cap
₹33,089 Cr
P/E
12.1
PEG
0.39
  • Profit +19% above its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +11.8%-0.5% 3,3033,3202,953
Net interest income +14.9%-1.7% 1,2391,2611,079
Other income +8.9%-0.7% 509512467
Operating profit (pre-provision) +23.3%-1.2% 1,0051,017815
Provisions -28.9%-61.8% 105274147
Net profit +39.1%+20.2% 690574496
EPS (₹) +39.1%+20.2% 7.145.94adj. 5.13
Cost-to-income % -478 bps-14 bps 42.5%42.6%47.3%
Gross NPA % -12 bps-5 bps 0.7%0.8%0.8%
Net NPA % -1 bps+0 bps 0.2%0.2%0.2%

EPS restated for the 1:5 bonus of Aug 2025: Dec 2024 ₹6.16 to ₹5.13.

Where profit came from

Pre-provision profit ₹1,005 Cr (+23.3% YoY); provisions ₹105 Cr (-28.9% YoY).

Net profit +39.1% YoY.

Against its own trend ?

TrendActualGap
NII₹1,162₹1,239 +6.6% above
Net profit₹581₹690 +18.8% above
📊 Investor presentation (20 Jul) Detailed financials →

Dr. Lal Path Labs Ltd.

LALPATHLAB · Hospitals & Healthcare Services · Q3 FY26 · Consolidated
M Cap
₹32,890 Cr
P/E
60.3
PEG
2.01
  • Profit -24% below its own trend
  • Operating margin expanded 133 bps YoY
  • Core business grew faster than reported profit (core profit +15%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.6%-9.7% 660731597
Operating profit +16.2%-20.1% 179224154
OPM % +133 bps-352 bps 27.1%30.6%25.8%
Other income to lossto loss -6.025.025.0
Net profit? -7.1%-40.1% 91.015298.0
PAT margin % -263 bps-701 bps 13.8%20.8%16.4%
EPS (₹) -6.7%-39.8% 5.40adj. 8.97adj. 5.79

EPS restated for the 1:1 bonus of Dec 2025: Sep 2025 ₹17.95 to ₹8.97; Dec 2024 ₹11.57 to ₹5.79.

Quality of profit

Pre-tax profit ₹124 Cr: core business ₹130 Cr, other income −₹6.0 Cr.

Core profit YoY: +15.0% · reported profit -7.1%

Cash & debt

FY25 cash from operations ₹569 Cr: 116% of FY25 net profit of ₹492 Cr.

Borrowings ₹157 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹661₹660 -0.2% in line
Net profit₹119₹91.0 -23.8% below
📊 Investor presentation (24 Jul) Detailed financials →

Housing & Urban Development Corporation Limited

HUDCO · Housing Finance · Q3 FY26 · Standalone
M Cap
₹32,789 Cr
P/E
7.7
PEG
0.23
  • Gross NPA down 80 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Total income +26.5%+7.8% 3,5063,2512,770
Net interest income +4.2%-2.4% 1,0251,050983
Other income +252.3%+61.4% 86.753.724.6
Operating profit (pre-provision) -22.3%-24.2% 711938915
Provisions loss widenedloss widened -77.7-17.0-16.8
Net profit -3.0%+0.4% 713710735
EPS (₹) -3.0%+0.3% 3.563.553.67
Cost-to-income % +2684 bps+2098 bps 36.0%15.1%9.2%
Gross NPA % -80 bps-13 bps 1.1%1.2%1.9%
Net NPA % -21 bps-1 bps 0.1%0.1%0.3%

Where profit came from

Pre-provision profit ₹711 Cr (-22.3% YoY); provisions −₹77.7 Cr.

Net profit -3.0% YoY.

Against its own trend ?

TrendActualGap
NII₹1,311₹1,025 -21.9% below
Net profit₹761₹713 -6.3% in line
Detailed financials →

Mindspace Business Parks REIT

MINDSPACE · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹32,685 Cr
P/E
40.9
PEG
1.57
  • Profit +37% above its own trend
  • Operating margin expanded 2651 bps YoY
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -2.5%-18.0% 633772649
Operating profit +33.2%+8.9% 626575470
OPM % +2651 bps+2445 bps 98.9%74.5%72.4%
Other income -8.7%from loss 21.0-20.023.0
Net profit? +32.4%+51.1% 192127145
PAT margin % +799 bps+1388 bps 30.3%16.5%22.3%
EPS (₹) +29.3%+55.0% 2.961.912.29

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹316 Cr: core business ₹295 Cr, other income ₹21.0 Cr.

Core profit YoY: +34.1% · reported profit +32.4%

Cash & debt

FY25 cash from operations ₹2,017 Cr: 392% of FY25 net profit of ₹514 Cr.

Borrowings ₹10,125 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹739₹633 -14.4% below
Net profit₹140₹192 +37.4% above
Detailed financials →

Cochin Shipyard Limited

COCHINSHIP · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹32,412 Cr
P/E
47.7
PEG
1.19
  • Operating margin contracted 684 bps YoY
  • 36% 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 +17.6%+20.7% 1,3501,1191,148
Operating profit -21.2%+153.9% 18773.7237
OPM % -684 bps+727 bps 13.9%6.6%20.7%
Other income +51.8%-44.2% 71.012746.8
Net profit? -18.1%+34.8% 145108177
PAT margin % -468 bps+113 bps 10.7%9.6%15.4%
EPS (₹) -18.3%+34.5% 5.504.096.73

Quality of profit

Core 64%Other income & one-offs 36%

Pre-tax profit ₹197 Cr: core business ₹126 Cr, other income ₹71.0 Cr.

Core profit YoY: -35.4% · reported profit -18.1%

Cash & debt

FY25 cash from operations −₹297 Cr: -36% of FY25 net profit of ₹827 Cr.

Borrowings ₹560 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,408₹1,350 -4.1% in line
Net profit₹159₹145 -9.1% in line
📊 Investor presentation (10 Sep) Detailed financials →

PI Industries Limited

PIIND · Pesticides & Agrochemicals · Q3 FY26 · Consolidated
M Cap
₹32,336 Cr
P/E
24.5
PEG
—
  • Operating margin contracted 499 bps YoY
  • 47% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -53%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -27.6%-26.5% 1,3761,8721,901
Operating profit -41.0%-44.2% 302541512
OPM % -499 bps-696 bps 21.9%28.9%26.9%
Other income +126.6%+108.5% 17282.575.9
Net profit? -16.6%-24.0% 311409373
PAT margin % +299 bps+74 bps 22.6%21.9%19.6%
EPS (₹) -16.4%-23.9% 20.5226.9824.55

Quality of profit

Core 53%Other income & one-offs 47%

Pre-tax profit ₹363 Cr: core business ₹191 Cr, other income ₹172 Cr.

Core profit YoY: -52.8% · reported profit -16.6%

Cash & debt

FY25 cash from operations ₹1,413 Cr: 85% of FY25 net profit of ₹1,660 Cr.

Borrowings ₹184 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,825₹1,376 -24.6% below
Net profit₹321₹311 -3.1% in line
📊 Investor presentation (11 Aug) Detailed financials →

Blue Star Limited

BLUESTARCO · Consumer Durables & Appliances · Q3 FY26 · Consolidated
M Cap
₹32,278 Cr
P/E
63.4
PEG
2.35
  • Profit -45% below its own trend
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +4.2%+20.8% 2,9252,4222,807
Operating profit +5.3%+20.9% 220182209
OPM % +8 bps+1 bps 7.5%7.5%7.4%
Other income to lossto loss -44.010.021.0
Net profit? -38.6%-18.2% 81.099.0132
PAT margin % -193 bps-132 bps 2.8%4.1%4.7%
EPS (₹) -39.2%-18.7% 3.924.826.45

Quality of profit

Pre-tax profit ₹108 Cr: core business ₹152 Cr, other income −₹44.0 Cr.

Core profit YoY: -3.8% · reported profit -38.6%

Cash & debt

FY25 cash from operations ₹688 Cr: 116% of FY25 net profit of ₹591 Cr.

Borrowings ₹381 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,188₹2,925 -8.3% below
Net profit₹148₹81.0 -45.3% below
📊 Investor presentation (07 Aug) Detailed financials →

ITC Hotels Limited

ITCHOTELS · Hotels & Resorts · Q3 FY26 · Consolidated
M Cap
₹32,060 Cr
P/E
36.9
PEG
—
  • Profit -33% below its own trend
  • Operating margin contracted 106 bps YoY
  • Exceptional items of ₹-84.0 Cr in the quarter
  • Core business grew faster than reported profit (core profit +31%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +26.1%+44.7% 1,2808851,015
Operating profit +22.6%+89.8% 467246381
OPM % -106 bps+868 bps 36.5%27.8%37.5%
Other income to lossto loss -34.049.019.0
Net profit? +9.6%+77.7% 237133216
PAT margin % -278 bps+344 bps 18.5%15.1%21.3%
EPS (₹) —+76.6% 1.130.64—

Quality of profit

Pre-tax profit ₹327 Cr: core business ₹361 Cr, other income −₹34.0 Cr.

Core profit YoY: +31.3% · reported profit +9.6%

Cash & debt

FY25 cash from operations ₹803 Cr: 126% of FY25 net profit of ₹638 Cr.

Borrowings ₹73.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,163₹1,280 +10.0% above
Net profit₹353₹237 -32.9% below
Detailed financials →

Kirloskar Oil Engines Limited

KIRLOSENG · Pumps, Compressors & Engines · Q3 FY26 · Consolidated
M Cap
₹31,913 Cr
P/E
75.3
PEG
3.27
  • Into loss: a profit a year ago
  • Profit -102% below its own trend
  • Operating margin contracted 1761 bps YoY
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +28.8%-3.9% 1,8731,9481,454
Operating profit to lossto loss -1.4382255
OPM % -1761 bps-1968 bps -0.1%19.6%17.5%
Other income to lossto loss -13.013.011.0
Net profit? to lossto loss -1.115968.0
PAT margin % -473 bps-822 bps -0.1%8.2%4.7%
EPS (₹) +56.0%-31.5% 7.6611.184.91

Quality of profit

Pre-tax profit −₹1.4 Cr: core business −₹172 Cr, other income −₹13.0 Cr, exceptional & other items ₹184 Cr.

Core profit YoY: to loss

Cash & debt

FY25 cash from operations −₹739 Cr: -155% of FY25 net profit of ₹476 Cr.

Borrowings ₹5,819 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,552₹1,873 +20.7% above
Net profit₹59.7−₹1.1 -101.8% below
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