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, 15:09 IST 4316 declared
The next results season has started: 36 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

1051 matching results 1051

Page 1 of 36

Adani Enterprises Limited

ADANIENT · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹3,56,029 Cr
P/E
44.1
PEG
—
  • Profit +999% above its own trend
  • Operating margin expanded 124 bps YoY
  • 91% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹5,871 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +8.6%+16.8% 24,82021,24922,848
Operating profit +18.6%+10.1% 3,6423,3073,070
OPM % +124 bps-89 bps 14.7%15.6%13.4%
Other income +870.4%+955.8% 6,288596648
Net profit? —+84.4% 6,2963,414229
PAT margin % +2436 bps+930 bps 25.4%16.1%1.0%
EPS (₹) —+92.2% 52.6327.380.45

Quality of profit

Core 9%Other income & one-offs 91%

Pre-tax profit ₹6,932 Cr: core business ₹644 Cr, other income ₹6,288 Cr.

Core profit YoY: from loss

Cash & debt

FY25 cash from operations ₹4,513 Cr: 56% of FY25 net profit of ₹8,005 Cr.

Borrowings ₹91,473 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹20,407₹24,820 +21.6% above
Net profit₹260₹6,296 +999.0% above
📊 Investor presentation (29 Jul) Detailed financials →

Hindustan Aeronautics Limited

HAL · Engineering & Capital Goods · Q3 FY26 · Consolidated
M Cap
₹3,18,337 Cr
P/E
34.2
PEG
2.13
  • Profit +25% above its own trend
  • 37% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +10.7%+16.1% 7,6996,6296,957
Operating profit +11.2%+20.1% 1,8711,5581,683
OPM % +12 bps+80 bps 24.3%23.5%24.2%
Other income +44.7%+2.9% 914888631
Net profit? +29.6%+11.8% 1,8671,6691,440
PAT margin % +355 bps-93 bps 24.2%25.2%20.7%
EPS (₹) +29.6%+11.8% 27.9124.9621.53

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹2,487 Cr: core business ₹1,560 Cr, other income ₹914 Cr, exceptional & other items ₹13.0 Cr.

Core profit YoY: +11.0% · reported profit +29.6%

Cash & debt

FY25 cash from operations ₹13,643 Cr: 163% of FY25 net profit of ₹8,364 Cr.

Borrowings ₹51.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹7,714₹7,699 -0.2% in line
Net profit₹1,489₹1,867 +25.4% above
Detailed financials →

ETERNAL LIMITED

ETERNAL · E-Commerce & Internet Retail · Q3 FY26 · Consolidated
M Cap
₹2,97,334 Cr
P/E
686.7
PEG
—
  • Profit +246% above its own trend
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +201.9%+20.1% 16,31513,5905,405
Operating profit +127.2%+54.0% 368239162
OPM % -74 bps+50 bps 2.3%1.8%3.0%
Other income +38.1%-1.1% 348352252
Net profit? +72.9%+56.9% 10265.059.0
PAT margin % -47 bps+15 bps 0.6%0.5%1.1%
EPS (₹) +57.1%+57.1% 0.110.070.07

Quality of profit

Pre-tax profit ₹170 Cr: core business −₹178 Cr, other income ₹348 Cr.

Core profit YoY: loss widened · reported profit +72.9%

Against its own trend ?

TrendActualGap
Sales₹9,048₹16,315 +80.3% above
Net profit₹29.5₹102 +245.8% above
Detailed financials →

Coal India Limited

COALINDIA · Mining & Minerals · Q3 FY26 · Consolidated
M Cap
₹2,49,467 Cr
P/E
8.0
PEG
—
  • Profit -14% below its own trend
  • Operating margin contracted 771 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -2.4%+15.7% 34,92430,18735,780
Operating profit -24.2%+38.9% 9,3316,71612,317
OPM % -771 bps+447 bps 26.7%22.2%34.4%
Other income +21.0%+14.0% 2,6802,3502,214
Net profit? -15.6%+68.1% 7,1664,2638,491
PAT margin % -321 bps+640 bps 20.5%14.1%23.7%
EPS (₹) -15.9%+64.2% 11.617.0713.80

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹9,473 Cr: core business ₹6,792 Cr, other income ₹2,680 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -29.1% · reported profit -15.6%

Cash & debt

FY25 cash from operations ₹29,200 Cr: 88% of FY25 net profit of ₹33,161 Cr.

Borrowings ₹9,146 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹35,413₹34,924 -1.4% in line
Net profit₹8,342₹7,166 -14.1% below
Detailed financials →

Eicher Motors Limited

EICHERMOT · Two & Three Wheelers · Q3 FY26 · Consolidated
M Cap
₹1,95,432 Cr
P/E
33.9
PEG
1.41
  • Operating margin expanded 131 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +22.9%-0.9% 6,1146,1724,973
Operating profit +29.6%+3.0% 1,5571,5121,201
OPM % +131 bps+96 bps 25.5%24.5%24.2%
Other income +16.8%-3.9% 337351289
Net profit? +21.4%+3.7% 1,4211,3691,170
PAT margin % -30 bps+105 bps 23.2%22.2%23.5%
EPS (₹) +21.3%+3.7% 51.7949.9342.70

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹1,793 Cr: core business ₹1,328 Cr, other income ₹337 Cr, exceptional & other items ₹127 Cr.

Core profit YoY: +31.7% · reported profit +21.4%

Cash & debt

FY25 cash from operations ₹3,980 Cr: 84% of FY25 net profit of ₹4,734 Cr.

Borrowings ₹458 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,021₹6,114 +1.5% in line
Net profit₹1,416₹1,421 +0.3% in line
📊 Investor presentation (29 Jul) Detailed financials →

Adani Energy Solutions Limited

ADANIENSOL · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹1,56,538 Cr
P/E
50.6
PEG
2.41
  • Profit +386% above its own trend
  • Operating margin expanded 3227 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales —+2.0% 6,7306,596349
Operating profit from loss+2.1% 1,9951,955-9.1
OPM % +3227 bps+1 bps 29.7%29.6%-2.6%
Other income -30.6%+25.6% 215171310
Net profit? +250.5%+3.1% 574557164
PAT margin % -3843 bps+9 bps 8.5%8.4%47.0%
EPS (₹) +233.3%+3.6% 4.604.441.38

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹801 Cr: core business ₹586 Cr, other income ₹215 Cr.

Core profit YoY: from loss · reported profit +250.5%

Cash & debt

FY25 cash from operations ₹9,045 Cr: 1967% of FY25 net profit of ₹460 Cr.

Borrowings ₹39,926 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹407₹6,730 +999.0% above
Net profit₹118₹574 +386.5% above
Detailed financials →

Bharat Heavy Electricals Limited

BHEL · Electrical Equipment · Q3 FY26 · Consolidated
M Cap
₹1,53,176 Cr
P/E
63.0
PEG
1.70
  • Profit +45% above its own trend
  • Operating margin expanded 225 bps YoY
  • 45% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +442%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +16.4%+12.8% 8,4737,5127,277
Operating profit +79.1%-6.2% 545581304
OPM % +225 bps-130 bps 6.4%7.7%4.2%
Other income +117.8%+24.3% 235189108
Net profit? +189.5%+4.0% 390375135
PAT margin % +275 bps-39 bps 4.6%5.0%1.9%
EPS (₹) +187.2%+3.7% 1.121.080.39

Quality of profit

Core 55%Other income & one-offs 45%

Pre-tax profit ₹520 Cr: core business ₹285 Cr, other income ₹235 Cr.

Core profit YoY: +442.0% · reported profit +189.5%

Cash & debt

FY25 cash from operations ₹2,192 Cr: 411% of FY25 net profit of ₹534 Cr.

Borrowings ₹9,015 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹8,113₹8,473 +4.4% in line
Net profit₹269₹390 +44.8% above
Detailed financials →

Varun Beverages Limited

VBL · Packaged Foods & Food Processing · Q3 FY26 · Consolidated
M Cap
₹1,46,564 Cr
P/E
43.0
PEG
1.79
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +17.5%-14.1% 4,3355,0483,689
Operating profit +10.4%-44.3% 6391,147579
OPM % -95 bps-798 bps 14.7%22.7%15.7%
Other income +114.5%-34.8% 96.514845.0
Net profit? +32.7%-65.1% 260745196
PAT margin % +68 bps-876 bps 6.0%14.8%5.3%
EPS (₹) +34.5%-66.2% 0.742.190.55

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹359 Cr: core business ₹262 Cr, other income ₹96.5 Cr.

Core profit YoY: +25.5% · reported profit +32.7%

Cash & debt

Borrowings ₹2,508 Cr at Dec 2025.

Against its own trend ?

TrendActualGap
Sales₹4,270₹4,335 +1.5% in line
Net profit₹247₹260 +5.3% in line
📊 Investor presentation (28 Jul) Detailed financials →

Bosch Limited

BOSCHLTD · Auto Components · Q3 FY26 · Consolidated
M Cap
₹1,31,508 Cr
P/E
55.6
PEG
3.09
  • Profit +15% above its own trend
  • 28% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +9.4%+1.9% 4,8864,7954,466
Operating profit +5.1%-0.8% 612617583
OPM % -51 bps-34 bps 12.5%12.9%13.0%
Other income +5.8%-4.7% 200210189
Net profit? +16.3%-3.9% 533554458
PAT margin % +64 bps-66 bps 10.9%11.6%10.3%
EPS (₹) +16.1%-4.0% 180.58188.01155.53

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹709 Cr: core business ₹509 Cr, other income ₹200 Cr.

Core profit YoY: +7.1% · reported profit +16.3%

Cash & debt

FY25 cash from operations ₹2,373 Cr: 118% of FY25 net profit of ₹2,014 Cr.

Borrowings ₹118 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,913₹4,886 -0.6% in line
Net profit₹461₹533 +15.4% above
📊 Investor presentation (10 Aug) Detailed financials →

Siemens Limited

SIEMENS · Electrical Equipment · Q3 FY26 · Standalone
M Cap
₹1,30,126 Cr
P/E
43.3
PEG
2.70
  • Profit -98% below its own trend
  • Operating margin contracted 508 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -92.1%-95.1% 2515,1713,175
Operating profit -96.2%-97.9% 12.0566313
OPM % -508 bps-616 bps 4.8%10.9%9.9%
Other income -73.1%-57.7% 44.0104164
Net profit -98.4%-98.1% 9.0485563
PAT margin % -1414 bps-579 bps 3.6%9.4%17.7%
EPS (₹) -62.9%-56.9% 5.8713.6315.81

Quality of profit

Pre-tax profit ₹12.0 Cr: core business −₹36.0 Cr, other income ₹44.0 Cr, exceptional & other items ₹4.0 Cr.

Core profit YoY: to loss · reported profit -98.4%

Cash & debt

Borrowings ₹98.0 Cr at Sep 2025.

Against its own trend ?

TrendActualGap
Sales₹2,425₹251 -89.7% below
Net profit₹407₹9.0 -97.8% below
Detailed financials →

HDFC Life Insurance Company Limited

HDFCLIFE · NBFC & Finance Companies · Q3 FY26 · Consolidated
M Cap
₹1,21,472 Cr
P/E
61.5
PEG
5.13
  • Profit -13% below its own trend
  • Operating margin contracted 167 bps YoY
  • 39% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -40%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +70.1%+42.5% 29,42820,65117,300
Operating profit -39.5%-14.0% 271315448
OPM % -167 bps-60 bps 0.9%1.5%2.6%
Other income from loss+10.8% 174157-29.0
Net profit? -0.7%-6.7% 418448421
PAT margin % -101 bps-75 bps 1.4%2.2%2.4%
EPS (₹) -1.0%-6.7% 1.942.081.96

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹445 Cr: core business ₹271 Cr, other income ₹174 Cr.

Core profit YoY: -39.5% · reported profit -0.7%

Cash & debt

FY25 cash from operations ₹15,597 Cr: 862% of FY25 net profit of ₹1,810 Cr.

Borrowings ₹2,950 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹34,600₹29,428 -14.9% below
Net profit₹482₹418 -13.2% below
Detailed financials →

LG Electronics India Limited

LGEINDIA · Consumer Durables & Appliances · Q3 FY26 · Standalone
M Cap
₹1,17,611 Cr
P/E
64.4
PEG
8.06
  • Operating margin contracted 297 bps YoY
  • 50% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -6.4%-33.4% 4,1146,1744,396
Operating profit -42.4%-64.2% 196548340
OPM % -297 bps-411 bps 4.8%8.9%7.7%
Other income -3.8%-5.0% 76.080.079.0
Net profit -61.4%-76.9% 90.0389233
PAT margin % -311 bps-411 bps 2.2%6.3%5.3%
EPS (₹) -61.6%-77.0% 1.325.743.44

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹152 Cr: core business ₹76.0 Cr, other income ₹76.0 Cr.

Core profit YoY: -68.5% · reported profit -61.4%

Cash & debt

FY25 cash from operations ₹1,654 Cr.

Borrowings ₹428 Cr at Mar 2025.

📊 Investor presentation (13 Aug) Detailed financials →

Tata Power Company Limited

TATAPOWER · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹1,09,824 Cr
P/E
20.9
PEG
3.48
  • Profit -10% below its own trend
  • 69% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -58%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -9.4%-10.3% 13,94815,54515,391
Operating profit -8.9%-7.5% 3,0553,3023,353
OPM % +12 bps+66 bps 21.9%21.2%21.8%
Other income -20.3%-36.6% 321505402
Net profit? +0.6%-4.1% 1,1941,2451,188
PAT margin % +85 bps+55 bps 8.6%8.0%7.7%
EPS (₹) -25.2%-16.3% 2.412.883.22

Quality of profit

Core 31%Other income & one-offs 69%

Pre-tax profit ₹1,540 Cr: core business ₹483 Cr, other income ₹321 Cr, exceptional & other items ₹736 Cr.

Core profit YoY: -57.7% · reported profit +0.6%

Cash & debt

FY25 cash from operations ₹12,680 Cr: 266% of FY25 net profit of ₹4,775 Cr.

Borrowings ₹62,866 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹16,110₹13,948 -13.4% below
Net profit₹1,332₹1,194 -10.3% below
📊 Investor presentation (27 Jul) Detailed financials →

GAIL (India) Limited

GAIL · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹1,09,745 Cr
P/E
11.1
PEG
1.11
  • Profit -52% below its own trend
  • 32% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales -4.5%-1.0% 35,17335,53736,835
Operating profit -7.6%-15.4% 2,9273,4603,169
OPM % -28 bps-141 bps 8.3%9.7%8.6%
Other income -78.7%+32.4% 6835163,211
Net profit? -57.7%-13.1% 1,7291,9894,084
PAT margin % -617 bps-68 bps 4.9%5.6%11.1%
EPS (₹) -57.0%-11.0% 2.673.006.21

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹2,165 Cr: core business ₹1,481 Cr, other income ₹683 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -28.1% · reported profit -57.7%

Cash & debt

FY25 cash from operations ₹15,735 Cr: 126% of FY25 net profit of ₹12,463 Cr.

Borrowings ₹21,595 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹38,826₹35,173 -9.4% below
Net profit₹3,596₹1,729 -51.9% below
📊 Investor presentation (31 Jul) Detailed financials →

The Indian Hotels Company Limited

INDHOTEL · Hotels & Resorts · Q3 FY26 · Consolidated
M Cap
₹1,02,926 Cr
P/E
44.6
PEG
2.03
  • Profit +18% above its own trend
  • 28% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹276 Cr in the quarter
  • Profit grew faster than the core business (core profit +12%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +12.2%+39.3% 2,8422,0412,533
Operating profit +11.9%+88.7% 1,076570962
OPM % -11 bps+992 bps 37.9%27.9%38.0%
Other income -0.7%-30.1% 58.383.458.7
Net profit? +50.9%+199.8% 954318633
PAT margin % +861 bps+1798 bps 33.6%15.6%25.0%
EPS (₹) +55.3%+217.5% 6.352.004.09

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹1,203 Cr: core business ₹870 Cr, other income ₹58.3 Cr, exceptional & other items ₹276 Cr.

Core profit YoY: +12.2% · reported profit +50.9%

Cash & debt

FY25 cash from operations ₹2,194 Cr: 108% of FY25 net profit of ₹2,038 Cr.

Borrowings ₹3,084 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹3,246₹2,842 -12.4% below
Net profit₹806₹954 +18.4% above
📊 Investor presentation (24 Aug) Detailed financials →

FSN E-Commerce Ventures Limited

NYKAA · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹97,419 Cr
P/E
375.0
PEG
3.07
  • Profit +37% above its own trend
  • Operating margin expanded 196 bps YoY
  • 61% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-16.4 Cr in the quarter
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +26.7%+22.5% 2,8732,3462,267
Operating profit +110.9%+89.3% 14174.666.9
OPM % +196 bps+173 bps 4.9%3.2%3.0%
Other income —-33.5% 1.92.80.1
Net profit? +161.5%+106.1% 68.033.026.0
PAT margin % +122 bps+96 bps 2.4%1.4%1.1%
EPS (₹) +144.4%+83.3% 0.220.120.09

Quality of profit

Core 39%Other income & one-offs 61%

Pre-tax profit ₹110 Cr: core business ₹43.1 Cr, other income ₹1.9 Cr, exceptional & other items ₹64.6 Cr.

Core profit YoY: from loss · reported profit +161.5%

Cash & debt

FY25 cash from operations ₹467 Cr: 649% of FY25 net profit of ₹72.0 Cr.

Borrowings ₹1,321 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,820₹2,873 +1.9% in line
Net profit₹49.7₹68.0 +36.7% above
📊 Investor presentation (04 Aug) Detailed financials →

Indiamart Intermesh Limited

INDIAMART · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹95,759 Cr
P/E
194.2
PEG
10.22
  • Profit +10% above its own trend
  • Operating margin contracted 562 bps YoY
  • 49% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -2%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.4%+2.7% 402391354
Operating profit -3.0%+3.5% 134130138
OPM % -562 bps+24 bps 33.4%33.2%39.0%
Other income +201.6%— 13510.244.9
Net profit? +55.6%+127.7% 18882.7121
PAT margin % +1274 bps+2574 bps 46.9%21.2%34.2%
EPS (₹) +55.5%+127.8% 31.3713.7720.18

Quality of profit

Core 51%Other income & one-offs 49%

Pre-tax profit ₹247 Cr: core business ₹126 Cr, other income ₹135 Cr, exceptional & other items −₹14.6 Cr.

Core profit YoY: -1.6% · reported profit +55.6%

Cash & debt

FY25 cash from operations ₹623 Cr: 68% of FY25 net profit of ₹921 Cr.

Borrowings ₹33.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹405₹402 -0.7% in line
Net profit₹171₹188 +10.2% above
📊 Investor presentation (21 Jul) Detailed financials →

NTPC Green Energy Limited

NTPCGREEN · Power Generation & Utilities · Q3 FY26 · Consolidated
M Cap
₹79,292 Cr
P/E
131.0
PEG
2.91
  • Profit -87% below its own trend
  • Operating margin contracted 202 bps YoY
  • 86% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +29.3%+6.6% 653612505
Operating profit +26.2%+0.9% 535530424
OPM % -202 bps-463 bps 81.9%86.6%83.9%
Other income -59.2%-48.3% 31.060.076.0
Net profit? -74.1%-80.3% 17.086.465.6
PAT margin % -1039 bps-1150 bps 2.6%14.1%13.0%
EPS (₹) -75.0%-80.0% 0.020.100.08

Quality of profit

Core 14%Other income & one-offs 86%

Pre-tax profit ₹37.0 Cr: core business ₹5.0 Cr, other income ₹31.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -78.3% · reported profit -74.1%

Cash & debt

FY25 cash from operations ₹1,999 Cr: 421% of FY25 net profit of ₹475 Cr.

Borrowings ₹19,441 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹604₹653 +8.1% above
Net profit₹129₹17.0 -86.8% below
Detailed financials →

SHREE CEMENT LIMITED

SHREECEM · Cement · Q3 FY26 · Consolidated
M Cap
₹78,873 Cr
P/E
48.2
PEG
4.38
  • Profit -13% below its own trend
  • Operating margin contracted 138 bps YoY
  • 45% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +5.0%+0.8% 4,8014,7614,573
Operating profit -1.9%-2.8% 947974965
OPM % -138 bps-73 bps 19.7%20.5%21.1%
Other income +31.5%-18.4% 146179111
Net profit? +38.1%-13.5% 268310194
PAT margin % +134 bps-93 bps 5.6%6.5%4.2%
EPS (₹) +37.9%-13.6% 73.9285.5153.60

Quality of profit

Core 55%Other income & one-offs 45%

Pre-tax profit ₹324 Cr: core business ₹178 Cr, other income ₹146 Cr.

Core profit YoY: +56.1% · reported profit +38.1%

Cash & debt

FY25 cash from operations ₹4,920 Cr: 438% of FY25 net profit of ₹1,124 Cr.

Borrowings ₹1,046 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,685₹4,801 +2.5% in line
Net profit₹307₹268 -12.7% below
Detailed financials →

Info Edge (India) Limited

NAUKRI · Miscellaneous · Q3 FY26 · Consolidated
M Cap
₹77,981 Cr
P/E
40.8
PEG
0.45
  • Profit -45% below its own trend
  • 34% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +13.9%+2.5% 765746672
Operating profit +12.9%+11.1% 297268263
OPM % -34 bps+303 bps 38.9%35.9%39.2%
Other income -3.5%-27.3% 136187141
Net profit? +10.1%-8.9% 317348288
PAT margin % -143 bps-519 bps 41.5%46.6%42.9%
EPS (₹) +12.0%-14.1% 4.194.883.74

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹393 Cr: core business ₹260 Cr, other income ₹136 Cr, exceptional & other items −₹3.3 Cr.

Core profit YoY: +14.5% · reported profit +10.1%

Cash & debt

FY25 cash from operations ₹876 Cr: 67% of FY25 net profit of ₹1,310 Cr.

Borrowings ₹267 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹725₹765 +5.5% above
Net profit₹576₹317 -45.0% below
📊 Investor presentation (10 Aug) Detailed financials →

Dixon Technologies (India) Limited

DIXON · Consumer Durables & Appliances · Q3 FY26 · Consolidated
M Cap
₹76,975 Cr
P/E
37.0
PEG
0.48
  • Profit -26% below its own trend
  • 34% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -1%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +2.1%-28.2% 10,67214,85510,454
Operating profit +6.1%-26.2% 414561391
OPM % +15 bps+10 bps 3.9%3.8%3.7%
Other income —-73.6% 13149710.1
Net profit? +48.2%-57.0% 321746216
PAT margin % +94 bps-202 bps 3.0%5.0%2.1%
EPS (₹) +46.9%-57.1% 53.06123.6036.12

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹412 Cr: core business ₹273 Cr, other income ₹131 Cr, exceptional & other items ₹7.8 Cr.

Core profit YoY: -0.9% · reported profit +48.2%

Cash & debt

FY25 cash from operations ₹1,150 Cr: 93% of FY25 net profit of ₹1,233 Cr.

Borrowings ₹671 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹20,907₹10,672 -49.0% below
Net profit₹432₹321 -25.9% below
📊 Investor presentation (31 Jul) Detailed financials →

Steel Authority of India Limited

SAIL · Iron & Steel · Q3 FY26 · Consolidated
M Cap
₹70,632 Cr
P/E
16.5
PEG
0.66
  • Profit +234% above its own trend
  • 52% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +11.8%+2.5% 27,37126,70424,490
Operating profit +13.0%-9.3% 2,2942,5282,030
OPM % +9 bps-109 bps 8.4%9.5%8.3%
Other income -36.9%from loss 248-34.0393
Net profit? +163.6%-10.7% 374419142
PAT margin % +79 bps-20 bps 1.4%1.6%0.6%
EPS (₹) +167.6%-9.9% 0.911.010.34

Quality of profit

Core 48%Other income & one-offs 52%

Pre-tax profit ₹480 Cr: core business ₹231 Cr, other income ₹248 Cr, exceptional & other items ₹0.8 Cr.

Core profit YoY: from loss · reported profit +163.6%

Cash & debt

FY25 cash from operations ₹9,914 Cr: 418% of FY25 net profit of ₹2,372 Cr.

Borrowings ₹36,934 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹26,070₹27,371 +5.0% in line
Net profit₹112₹374 +234.1% above
📊 Investor presentation (19 Sep) Detailed financials →

Aegis Logistics Limited

AEGISLOG · Trading & Distribution · Q3 FY26 · Consolidated
M Cap
₹50,895 Cr
P/E
34.5
PEG
1.38
  • Profit +19% above its own trend
  • Operating margin expanded 357 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +1.1%-24.8% 1,7252,2941,707
Operating profit +27.5%+2.1% 297291233
OPM % +357 bps+453 bps 17.2%12.7%13.6%
Other income +35.0%-15.6% 81.096.060.0
Net profit? +45.6%-4.5% 233244160
PAT margin % +413 bps+287 bps 13.5%10.6%9.4%
EPS (₹) +42.4%-1.6% 5.045.123.54

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹299 Cr: core business ₹218 Cr, other income ₹81.0 Cr.

Core profit YoY: +50.3% · reported profit +45.6%

Cash & debt

FY25 cash from operations ₹558 Cr: 71% of FY25 net profit of ₹788 Cr.

Borrowings ₹4,606 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,709₹1,725 +1.0% in line
Net profit₹196₹233 +18.9% above
📊 Investor presentation (06 Aug) Detailed financials →

Cupid Limited

CUPID · Personal Care & FMCG · Q3 FY26 · Consolidated
M Cap
₹48,650 Cr
P/E
355.2
PEG
—
  • Profit +92% above its own trend
  • Operating margin expanded 1222 bps YoY
  • 25% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +236%)
  • Operating cash flow was negative in FY25 despite a profit
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +101.7%+11.3% 93.584.046.4
Operating profit +202.4%+22.5% 34.328.011.3
OPM % +1222 bps+335 bps 36.7%33.3%24.5%
Other income +147.0%+81.4% 10.96.04.4
Net profit? +197.4%+36.8% 32.824.011.0
PAT margin % +1130 bps+655 bps 35.1%28.6%23.8%
EPS (₹) +196.8%+35.6% 1.220.900.41

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹43.3 Cr: core business ₹32.4 Cr, other income ₹10.9 Cr.

Core profit YoY: +235.8% · reported profit +197.4%

Cash & debt

FY25 cash from operations −₹11.0 Cr: -27% of FY25 net profit of ₹40.6 Cr.

Borrowings ₹19.0 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹62.4₹93.5 +49.8% above
Net profit₹17.1₹32.8 +91.7% above
Detailed financials →

Tata Communications Limited

TATACOMM · Telecom Services · Q3 FY26 · Consolidated
M Cap
₹47,401 Cr
P/E
50.6
PEG
—
  • Profit -23% below its own trend
  • 40% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-76.8 Cr in the quarter
  • Profit grew faster than the core business (core profit -23%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +6.7%+1.5% 6,1896,1005,798
Operating profit +4.0%+4.6% 1,2281,1741,181
OPM % -52 bps+60 bps 19.8%19.2%20.4%
Other income +802.5%from loss 259-17.228.7
Net profit? +54.3%+98.8% 364183236
PAT margin % +181 bps+288 bps 5.9%3.0%4.1%
EPS (₹) +54.8%+99.7% 12.826.428.28

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹458 Cr: core business ₹275 Cr, other income ₹259 Cr, exceptional & other items −₹76.8 Cr.

Core profit YoY: -22.8% · reported profit +54.3%

Cash & debt

FY25 cash from operations ₹2,911 Cr: 158% of FY25 net profit of ₹1,837 Cr.

Borrowings ₹12,357 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹6,117₹6,189 +1.2% in line
Net profit₹472₹364 -22.9% below
📊 Investor presentation (22 Jul) Detailed financials →

Godrej Properties Limited

GODREJPROP · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹46,524 Cr
P/E
29.2
PEG
0.51
  • Operating margin contracted 4046 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 -48.6%-32.7% 498740969
Operating profit to lossloss narrowed -197-5969.0
OPM % -4046 bps+4097 bps -39.5%-80.5%0.9%
Other income +89.7%-57.5% 5141,210271
Net profit? +22.8%-51.9% 194403158
PAT margin % +2262 bps-1550 bps 38.9%54.4%16.3%
EPS (₹) +20.0%-51.8% 6.4813.455.40

Quality of profit

Pre-tax profit ₹255 Cr: core business −₹260 Cr, other income ₹514 Cr, exceptional & other items ₹0.7 Cr.

Core profit YoY: loss widened · reported profit +22.8%

Cash & debt

FY25 cash from operations −₹2,242 Cr: -161% of FY25 net profit of ₹1,389 Cr.

Borrowings ₹12,641 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,049₹498 -52.5% below
Net profit₹186₹194 +4.1% in line
📊 Investor presentation (04 Aug) Detailed financials →

UPL Limited

UPL · Pesticides & Agrochemicals · Q3 FY26 · Standalone
M Cap
₹43,519 Cr
P/E
22.3
PEG
—
  • Profit -94% below its own trend
  • Operating margin contracted 555 bps YoY
  • 71% 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 +58.5%+49.6% 2,2621,5121,427
Operating profit -33.8%-17.4% 90.0109136
OPM % -555 bps-323 bps 4.0%7.2%9.5%
Other income —-81.3% 60.03215.0
Net profit -88.1%-56.6% 118272992
PAT margin % -6430 bps-1277 bps 5.2%18.0%69.5%
EPS (₹) -97.1%-88.6% 0.383.3213.05

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹90.0 Cr: core business ₹26.0 Cr, other income ₹60.0 Cr, exceptional & other items ₹4.0 Cr.

Core profit YoY: -36.6% · reported profit -88.1%

Cash & debt

FY25 cash from operations −₹923 Cr: -31% of FY25 net profit of ₹2,939 Cr.

Borrowings ₹597 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹2,139₹2,262 +5.7% above
Net profit₹1,984₹118 -94.1% below
📊 Investor presentation (03 Aug) Detailed financials →

Embassy Office Parks REIT

EMBASSY · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹40,848 Cr
P/E
108.0
PEG
—
  • Profit +251% above its own trend
  • Operating margin expanded 221 bps YoY
  • 47% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +110%)
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +16.7%+6.1% 1,1931,1241,022
Operating profit +20.2%+5.6% 917868763
OPM % +221 bps-36 bps 76.9%77.2%74.7%
Other income +293.1%+256.2% 22864.058.0
Net profit? +141.1%+64.2% 381232158
PAT margin % +1648 bps+1130 bps 31.9%20.6%15.5%
EPS (₹) +140.7%+64.1% 4.022.451.67

Quality of profit

Core 53%Other income & one-offs 47%

Pre-tax profit ₹489 Cr: core business ₹261 Cr, other income ₹228 Cr.

Core profit YoY: +110.5% · reported profit +141.1%

Cash & debt

FY25 cash from operations ₹3,079 Cr: 190% of FY25 net profit of ₹1,624 Cr.

Borrowings ₹19,957 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹1,142₹1,193 +4.5% in line
Net profit₹109₹381 +251.0% above
Detailed financials →

Physicswallah Limited

PWL · Education & E-Learning · Q3 FY26 · Consolidated
M Cap
₹40,688 Cr
P/E
2715.6
PEG
—
  • 29% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-23.6 Cr in the quarter
₹ CrQoQ Dec 2025Sep 2025
Sales +3.0% 1,0821,051
Operating profit +30.5% 236181
OPM % +461 bps 21.8%17.2%
Other income +36.8% 64.547.2
Net profit? +46.7% 10269.7
PAT margin % +282 bps 9.4%6.6%
EPS (₹) +32.1% 0.370.28

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹144 Cr: core business ₹103 Cr, other income ₹64.5 Cr, exceptional & other items −₹23.4 Cr.

Detailed financials →

Rail Vikas Nigam Limited

RVNL · Construction & Infrastructure · Q3 FY26 · Consolidated
M Cap
₹40,187 Cr
P/E
44.8
PEG
—
  • Profit +24% above its own trend
  • 74% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Dec 2025Sep 2025Dec 2024
Sales +2.6%-8.6% 4,6845,1234,567
Operating profit -7.8%+1.8% 221217239
OPM % -53 bps+48 bps 4.7%4.2%5.2%
Other income -5.4%+31.4% 308234326
Net profit? +4.0%+40.6% 324231312
PAT margin % +10 bps+242 bps 6.9%4.5%6.8%
EPS (₹) +4.0%+40.9% 1.551.101.49

Quality of profit

Core 26%Other income & one-offs 74%

Pre-tax profit ₹415 Cr: core business ₹107 Cr, other income ₹308 Cr.

Core profit YoY: +22.6% · reported profit +4.0%

Cash & debt

FY25 cash from operations ₹1,878 Cr: 147% of FY25 net profit of ₹1,282 Cr.

Borrowings ₹5,419 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹4,415₹4,684 +6.1% above
Net profit₹261₹324 +24.4% 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