Home › Quarterly results › Q4 FY26
Q4 FY26 quarterly results (January-March 2026)
5,115 companies have declared Q4 FY26 results so far, the latest on 12 Oct 2026.
Across the 4,645 non-financial companies with a year-ago quarter to compare, sales grew +12.4% and net profit +34.1% year on year, and the combined operating margin widened 10 bps to 14.3%.
For the 120 banks and lenders, net interest income grew +9.1% and net profit +11.1%.
55% of companies grew net profit; 472 turned a loss into a profit; 38% beat their own profit trend and 48% fell short of it.
5115 declared
Latest results
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The next results season has started: 42 companies have filed results for the quarter ended 30 Sep 2026.
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Sales growth
+12.4%
YoY, 4645 companies combined; median +11.7%
Net profit growth
+34.1%
YoY combined; median +16.1%
Operating margin
14.3%
+10 bps YoY
Grew profit
55%
472 turnarounds, 495 into loss
Vs own profit trend
38% / 48%
above / below, 14% in line
Banks: NII growth
+9.1%
120 lenders; profit +11.1%
Price since results
-3.9%
median; 31% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
1375 matching results 1375
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M Cap ₹1,884 Cr
P/E 28.5
PEG —
Profit -29% below its own trend Operating margin contracted 466 bps YoY 31% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-1.5% -1.9%
265 270 269 Operating profit
-30.2% -6.2%
30.0 32.0 43.0 OPM %
-466 bps -53 bps
11.3% 11.9% 16.0% Other income
+0.0% from loss 11.0 -3.0 11.0 Net profit
-25.0% +58.8%
27.0 17.0 36.0 PAT margin %
-319 bps +389 bps
10.2% 6.3% 13.4% EPS (₹)
-25.6% +61.5%
26.54 16.43 35.65
Quality of profit
Pre-tax profit ₹35.0 Cr: core business ₹24.0 Cr, other income ₹11.0 Cr.
Core profit YoY: -35.1%
· reported profit -25.0%
Cash & debt
FY26 cash from operations −₹11.0 Cr:
-17% of FY26 net profit of ₹64.0 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹301 ₹265
-12.1% below Net profit ₹38.1 ₹27.0
-29.1% below
M Cap ₹1,862 Cr
P/E 7.6
PEG 0.17
Turnaround: profit against a loss a year ago Operating margin contracted 116 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.7% +3.7%
507 489 489 Operating profit
to loss to loss -4.0 76.0 1.8 OPM %
-116 bps -1633 bps
-0.8% 15.5% 0.4% Other income
+35.1% +19.4%
74.0 62.0 54.8 Net profit?
from loss -33.3%
52.0 78.0 -3.3 PAT margin %
+1093 bps -569 bps
10.3% 16.0% -0.7% EPS (₹)
from loss -45.3%
6.21 11.35 -0.67
Quality of profit
Pre-tax profit ₹40.0 Cr: core business −₹34.0 Cr, other income ₹74.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹262 Cr:
-93% of FY26 net profit of ₹283 Cr.
Borrowings ₹591 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹424 ₹507
+19.5% above
33% of pre-tax profit came from other income and one-off items
₹ Cr
Mar 2026
Sales
20.0 Operating profit
4.0 OPM %
20.0% Other income
1.0 Net profit?
4.0 PAT margin %
20.0% EPS (₹)
0.31
Dec 2025 and Mar 2025 are not on record for this company, so there is nothing to compare with yet.
Quality of profit
Pre-tax profit ₹3.0 Cr: core business ₹2.0 Cr, other income ₹1.0 Cr.
M Cap ₹1,845 Cr
P/E 274.6
PEG —
Profit -96% below its own trend Operating margin contracted 530 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.5% -4.2%
399 416 375 Operating profit
-37.5% -26.7%
29.9 40.8 48.0 OPM %
-530 bps -230 bps
7.5% 9.8% 12.8% Other income
+17.7% +33.8%
4.6 3.4 3.9 Net profit
-95.3% -86.6%
1.4 10.2 29.4 PAT margin %
-750 bps -212 bps
0.3% 2.5% 7.8% EPS (₹)
-95.4% -86.9%
0.11 0.84 2.40
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹3.5 Cr, other income ₹4.6 Cr.
Core profit YoY: to loss
· reported profit -95.3%
Cash & debt
FY26 cash from operations ₹111 Cr.
Borrowings ₹370 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹394 ₹399
+1.3% in line Net profit ₹32.2 ₹1.4
-95.7% below
M Cap ₹1,828 Cr
P/E 30.4
PEG 3.79
Profit +74% above its own trend 33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -22%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.5% +24.5%
573 460 505 Operating profit
-3.1% +99.9%
30.0 15.0 31.0 OPM %
-90 bps +198 bps
5.2% 3.3% 6.1% Other income
+304.1% +84.0%
9.0 4.9 2.2 Net profit
+12.1% +181.5%
21.0 7.5 18.7 PAT margin %
-5 bps +204 bps
3.7% 1.6% 3.7% EPS (₹)
+8.1% +179.2%
0.67 0.24 0.62
Quality of profit
Pre-tax profit ₹27.0 Cr: core business ₹18.0 Cr, other income ₹9.0 Cr.
Core profit YoY: -22.2%
· reported profit +12.1%
Cash & debt
FY26 cash from operations −₹42.0 Cr:
-69% of FY26 net profit of ₹60.7 Cr.
Borrowings ₹123 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹670 ₹573
-14.4% below Net profit ₹12.1 ₹21.0
+73.9% above
M Cap ₹1,814 Cr
P/E 1814.3
PEG 100.79
Turnaround: profit against a loss a year ago Operating margin expanded 199 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+82.4% +10.7%
124 112 68.0 Operating profit
+100.0% +3.7%
28.0 27.0 14.0 OPM %
+199 bps -153 bps
22.6% 24.1% 20.6% Other income
+200.0% +110.0%
21.0 10.0 7.0 Net profit?
from loss +433.3%
16.0 3.0 -10.0 PAT margin %
+2761 bps +1022 bps
12.9% 2.7% -14.7% EPS (₹)
from loss +413.3%
2.31 0.45 -2.46
Quality of profit
Pre-tax profit ₹15.0 Cr: core business −₹7.0 Cr, other income ₹21.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹63.0 Cr:
6300% of FY26 net profit of ₹1.0 Cr.
Borrowings ₹225 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹82.2 ₹124
+50.8% above
M Cap ₹1,810 Cr
P/E 67.9
PEG —
Profit +170% above its own trend 35% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+25.8% +79.2%
1,008 562 801 Operating profit
+47.6% +14.1%
31.0 27.2 21.0 OPM %
+45 bps -176 bps
3.1% 4.8% 2.6% Other income
+0.0% +43.8%
7.0 4.9 7.0 Net profit?
+180.0% +606.1%
14.0 2.0 5.0 PAT margin %
+76 bps +104 bps
1.4% 0.4% 0.6% EPS (₹)
+190.5% +617.6%
1.22 0.17 0.42
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹11.0 Cr, other income ₹7.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: —
· reported profit +180.0%
Cash & debt
FY26 cash from operations ₹21.0 Cr:
84% of FY26 net profit of ₹24.9 Cr.
Borrowings ₹367 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹846 ₹1,008
+19.1% above Net profit ₹5.2 ₹14.0
+170.0% above
M Cap ₹1,803 Cr
P/E 41.8
PEG —
Profit +117% above its own trend 50% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -33%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.8% +12.2%
55.0 49.0 52.0 Operating profit
+6.2% +54.5%
17.0 11.0 16.0 OPM %
+14 bps +846 bps
30.9% 22.4% 30.8% Other income
— +700.0%
8.0 1.0 0.0 Net profit
+30.0% +116.7%
13.0 6.0 10.0 PAT margin %
+441 bps +1139 bps
23.6% 12.2% 19.2% EPS (₹)
+30.0% +102.8%
5.07 2.50 3.90
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹8.0 Cr, other income ₹8.0 Cr.
Core profit YoY: -33.3%
· reported profit +30.0%
Cash & debt
FY26 cash from operations ₹54.0 Cr:
135% of FY26 net profit of ₹40.0 Cr.
Borrowings ₹77.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹52.9 ₹55.0
+3.9% in line Net profit ₹6.0 ₹13.0
+117.0% above
M Cap ₹1,792 Cr
P/E 161.4
PEG —
Profit -18% below its own trend Operating margin contracted 452 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.3% +12.1%
121 108 113 Operating profit
-7.4% +8.7%
34.3 31.5 37.0 OPM %
-452 bps -88 bps
28.3% 29.2% 32.9% Other income
+80.7% -3.4%
6.8 7.1 3.8 Net profit?
-59.0% -17.1%
4.2 5.0 10.2 PAT margin %
-560 bps -121 bps
3.5% 4.7% 9.1% EPS (₹)
-58.9% -16.8%
0.79 0.95 1.92
Quality of profit
Pre-tax profit ₹5.8 Cr: core business −₹1.1 Cr, other income ₹6.8 Cr.
Core profit YoY: to loss
· reported profit -59.0%
Cash & debt
FY26 cash from operations ₹118 Cr:
824% of FY26 net profit of ₹14.3 Cr.
Borrowings ₹393 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹118 ₹121
+2.3% in line Net profit ₹5.1 ₹4.2
-18.1% below
M Cap ₹1,792 Cr
P/E 27.8
PEG 0.52
Operating margin expanded 295 bps YoY 79% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+20.7% +582.9%
410 60.0 340 Operating profit
+31.1% —
152 1.5 116 OPM %
+295 bps +3450 bps
37.1% 2.6% 34.1% Other income
-3.9% -34.5%
19.0 29.0 19.8 Net profit?
+104.8% —
23.0 1.5 11.2 PAT margin %
+230 bps +304 bps
5.6% 2.6% 3.3% EPS (₹)
+105.7% +7.3%
3.25 3.03 1.58
Quality of profit
Pre-tax profit ₹24.0 Cr: core business ₹5.0 Cr, other income ₹19.0 Cr.
Core profit YoY: from loss
· reported profit +104.8%
Cash & debt
FY26 cash from operations ₹616 Cr:
1219% of FY26 net profit of ₹50.5 Cr.
Borrowings ₹1,501 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹434 ₹410
-5.5% below Net profit ₹22.4 ₹23.0
+2.5% in line
M Cap ₹1,789 Cr
P/E 12.5
PEG 0.66
Profit -98% below its own trend Operating margin contracted 346 bps YoY 34% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-10.5% +24.5%
351 282 392 Operating profit
-32.1% +72.7%
38.0 22.0 56.0 OPM %
-346 bps +302 bps
10.8% 7.8% 14.3% Other income
-98.0% -85.3%
11.0 75.0 548 Net profit
-95.4% -62.9%
23.0 62.0 499 PAT margin %
— -1543 bps
6.6% 22.0% — EPS (₹)
-95.4% -62.7%
4.36 11.68 94.77
Quality of profit
Pre-tax profit ₹32.0 Cr: core business ₹21.0 Cr, other income ₹11.0 Cr.
Core profit YoY: -41.7%
· reported profit -95.4%
Cash & debt
FY26 cash from operations ₹294 Cr:
207% of FY26 net profit of ₹142 Cr.
Borrowings ₹417 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹355 ₹351
-1.2% in line Net profit ₹998 ₹23.0
-97.7% below
M Cap ₹1,770 Cr
P/E 35.9
PEG 3.59
35% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +183%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+51.2% -3.9%
132 137 87.3 Operating profit
+51.7% -7.3%
29.0 31.3 19.1 OPM %
+7 bps -82 bps
22.0% 22.8% 21.9% Other income
+1.2% +29.9%
5.0 3.9 4.9 Net profit?
+84.6% -26.3%
12.0 16.3 6.5 PAT margin %
+164 bps -277 bps
9.1% 11.9% 7.4% EPS (₹)
+73.8% -26.0%
10.48 14.17 6.03
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹11.0 Cr, other income ₹5.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +182.8%
· reported profit +84.6%
Cash & debt
FY26 cash from operations ₹92.0 Cr:
190% of FY26 net profit of ₹48.3 Cr.
Borrowings ₹236 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹90.0 ₹132
+46.6% above Net profit ₹11.9 ₹12.0
+1.2% in line
M Cap ₹1,757 Cr
P/E 1.2
PEG 0.01
Profit +62% above its own trend All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-98.6% +10.0%
2.0 1.8 140 Operating profit
loss widened loss narrowed -8.0 -10.0 -3.6 Other income
+103.8% -46.3%
109 203 53.5 Net profit?
+224.4% -64.3%
75.0 210 23.1 EPS (₹)
+224.6% -64.3%
15.16 42.42 4.67
Quality of profit
Pre-tax profit ₹97.0 Cr: core business −₹13.0 Cr, other income ₹109 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: loss narrowed
· reported profit +224.4%
Cash & debt
FY26 cash from operations −₹34.0 Cr:
-2% of FY26 net profit of ₹1,522 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹70.0 ₹2.0
-97.1% below Net profit ₹46.2 ₹75.0
+62.2% above
M Cap ₹1,752 Cr
P/E 12.8
PEG 0.38
Profit -43% below its own trend 66% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -48%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.5% -1.6%
613 623 610 Operating profit
+2.6% -25.9%
40.0 54.0 39.0 OPM %
+13 bps -214 bps
6.5% 8.7% 6.4% Other income
+83.3% +175.0%
22.0 8.0 12.0 Net profit
+0.0% -13.3%
26.0 30.0 26.0 PAT margin %
-2 bps -57 bps
4.2% 4.8% 4.3% EPS (₹)
-2.0% -15.5%
3.39 4.01 3.46
Quality of profit
Pre-tax profit ₹35.0 Cr: core business ₹12.0 Cr, other income ₹22.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -47.8%
· reported profit +0.0%
Cash & debt
Borrowings ₹144 Cr at Dec 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹597 ₹613
+2.6% in line Net profit ₹45.5 ₹26.0
-42.9% below
M Cap ₹1,744 Cr
P/E 59.7
PEG —
Operating margin contracted 864 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-2.8% -7.6%
425 460 437 Operating profit
-64.6% -48.0%
21.0 40.4 59.4 OPM %
-864 bps -385 bps
4.9% 8.8% 13.6% Other income
+805.1% —
103 4.6 11.4 Net profit?
— from loss 86.0 -8.2 0.1 PAT margin %
+2021 bps +2202 bps
20.2% -1.8% 0.0% EPS (₹)
from loss from loss 4.59 -1.57 -0.04
Quality of profit
Pre-tax profit ₹80.0 Cr: core business −₹23.0 Cr, other income ₹103 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹82.0 Cr:
157% of FY26 net profit of ₹52.1 Cr.
Borrowings ₹720 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹472 ₹425
-9.9% below
M Cap ₹1,728 Cr
P/E 17.7
PEG 0.98
Profit +81% above its own trend 62% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -17%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.7% +6.5%
193 181 186 Operating profit
+3.8% +18.4%
55.0 46.4 53.0 OPM %
+2 bps +287 bps
28.5% 25.6% 28.5% Other income
+629.3% +749.3%
32.0 3.8 4.4 Net profit?
+103.1% +175.5%
42.0 15.2 20.7 PAT margin %
+1065 bps +1335 bps
21.8% 8.4% 11.1% EPS (₹)
+100.9% +172.5%
12.86 4.72 6.40
Quality of profit
Pre-tax profit ₹52.0 Cr: core business ₹20.0 Cr, other income ₹32.0 Cr.
Core profit YoY: -17.4%
· reported profit +103.1%
Cash & debt
FY26 cash from operations ₹143 Cr:
141% of FY26 net profit of ₹102 Cr.
Borrowings ₹534 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹207 ₹193
-6.7% below Net profit ₹23.3 ₹42.0
+80.6% above
M Cap ₹1,726 Cr
P/E 16.3
PEG 2.72
Profit -45% below its own trend Operating margin contracted 1676 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-1.7% +2.3%
225 220 229 Operating profit
-52.7% +5.4%
35.0 33.2 74.0 OPM %
-1676 bps +46 bps
15.6% 15.1% 32.3% Other income
-29.4% -20.6%
12.0 15.1 17.0 Net profit?
-46.2% +69.1%
35.0 20.7 65.0 PAT margin %
-1283 bps +615 bps
15.6% 9.4% 28.4% EPS (₹)
-46.7% +66.9%
13.12 7.86 24.60
Quality of profit
Pre-tax profit ₹42.0 Cr: core business ₹30.0 Cr, other income ₹12.0 Cr.
Core profit YoY: -57.7%
· reported profit -46.2%
Cash & debt
FY26 cash from operations ₹117 Cr:
100% of FY26 net profit of ₹117 Cr.
Borrowings ₹9.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹247 ₹225
-9.0% below Net profit ₹63.5 ₹35.0
-44.9% below
M Cap ₹1,720 Cr
P/E 322.9
PEG —
Profit +461% above its own trend 58% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -10%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.5% +12.2%
282 252 253 Operating profit
+1.0% +47.1%
19.5 13.2 19.3 OPM %
-72 bps +163 bps
6.9% 5.3% 7.6% Other income
— +107.7%
4.3 2.1 0.2 Net profit?
+180.5% from loss 4.0 -1.9 1.4 PAT margin %
+85 bps +218 bps
1.4% -0.8% 0.6% EPS (₹)
+183.3% from loss 1.19 -0.57 0.42
Quality of profit
Pre-tax profit ₹7.3 Cr: core business ₹3.1 Cr, other income ₹4.3 Cr.
Core profit YoY: -10.3%
· reported profit +180.5%
Cash & debt
FY26 cash from operations ₹2.0 Cr:
60% of FY26 net profit of ₹3.3 Cr.
Borrowings ₹403 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹288 ₹282
-2.0% in line Net profit ₹0.7 ₹4.0
+461.0% above
Into loss: a profit a year ago Profit -101% below its own trend Operating margin contracted 202 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-62.3% +71.2%
207 121 550 Operating profit
to loss loss narrowed -0.3 -5.1 10.2 OPM %
-202 bps +409 bps
-0.2% -4.2% 1.9% Other income
-64.2% -21.4%
8.4 10.7 23.5 Net profit?
to loss loss narrowed -0.3 -2.4 20.7 PAT margin %
-391 bps +186 bps
-0.1% -2.0% 3.8% EPS (₹)
to loss loss narrowed -0.03 -0.22 1.86
Quality of profit
Pre-tax profit ₹3.3 Cr: core business −₹5.1 Cr, other income ₹8.4 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹2.0 Cr.
Borrowings ₹3.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹474 ₹207
-56.2% below Net profit ₹20.8 −₹0.3
-101.4% below
Profit -100% below its own trend Operating margin contracted 720 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-8.1% +38.2%
591 428 643 Operating profit
-67.2% -19.4%
23.7 29.4 72.1 OPM %
-720 bps -286 bps
4.0% 6.9% 11.2% Other income
-48.2% +2.9%
2.9 2.8 5.5 Net profit?
-99.9% -99.2%
0.0 2.6 37.7 PAT margin %
-586 bps -60 bps
0.0% 0.6% 5.9% EPS (₹)
-100.0% -100.0%
0.00 0.27 3.93
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹1.8 Cr, other income ₹2.9 Cr.
Core profit YoY: to loss
· reported profit -99.9%
Cash & debt
FY26 cash from operations −₹140 Cr:
-4301% of FY26 net profit of ₹3.3 Cr.
Borrowings ₹739 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹640 ₹591
-7.7% below Net profit ₹38.9 ₹0.0
-99.9% below
M Cap ₹1,690 Cr
P/E 13.5
PEG 0.45
Profit -20% below its own trend Operating margin contracted 206 bps YoY 25% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -37%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+18.7% +10.6%
426 385 359 Operating profit
-12.2% -7.4%
25.0 27.0 28.5 OPM %
-206 bps -114 bps
5.9% 7.0% 7.9% Other income
+75.1% +400.0%
5.0 1.0 2.9 Net profit?
-13.6% +20.0%
12.0 10.0 13.9 PAT margin %
-105 bps +22 bps
2.8% 2.6% 3.9% EPS (₹)
-15.7% +11.4%
4.02 3.61 4.77
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹12.0 Cr, other income ₹5.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -37.4%
· reported profit -13.6%
Cash & debt
FY26 cash from operations ₹100 Cr:
72% of FY26 net profit of ₹139 Cr.
Borrowings ₹157 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹382 ₹426
+11.6% above Net profit ₹15.0 ₹12.0
-19.8% below
M Cap ₹1,668 Cr
P/E 426.7
PEG —
Operating margin contracted 974 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-6.5% +0.9%
1,085 1,075 1,161 Operating profit
-81.0% +58.8%
27.0 17.0 142 OPM %
-974 bps +91 bps
2.5% 1.6% 12.2% Other income
+20.4% -18.7%
165 203 137 Net profit?
loss widened to loss -14.0 34.0 -2.0 PAT margin %
-112 bps -445 bps
-1.3% 3.2% -0.2% EPS (₹)
to loss to loss -1.78 9.15 0.82
Quality of profit
Pre-tax profit ₹9.0 Cr: core business −₹156 Cr, other income ₹165 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹413 Cr:
10563% of FY26 net profit of ₹3.9 Cr.
Borrowings ₹1,968 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,148 ₹1,085
-5.5% below
M Cap ₹1,659 Cr
P/E 8.7
PEG 0.28
Profit -69% below its own trend Operating margin contracted 585 bps YoY 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.3% +8.9%
263 242 245 Operating profit
-10.3% +8.8%
78.0 71.7 87.0 OPM %
-585 bps -2 bps
29.7% 29.7% 35.5% Other income
-51.4% from loss 18.0 -80.5 37.0 Net profit?
-37.5% from loss 45.0 -33.4 72.0 PAT margin %
-1228 bps +3093 bps
17.1% -13.8% 29.4% EPS (₹)
-36.6% from loss 15.66 -11.52 24.71
Quality of profit
Pre-tax profit ₹57.0 Cr: core business ₹38.0 Cr, other income ₹18.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -28.3%
· reported profit -37.5%
Cash & debt
FY26 cash from operations ₹178 Cr:
85% of FY26 net profit of ₹210 Cr.
Borrowings ₹93.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹321 ₹263
-18.0% below Net profit ₹144 ₹45.0
-68.8% below
M Cap ₹1,641 Cr
P/E 10.9
PEG 1.09
46% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -6%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+2.3% -2.2%
2,925 2,990 2,858 Operating profit
-3.1% +9.5%
46.0 42.0 47.5 OPM %
-9 bps +17 bps
1.6% 1.4% 1.7% Other income
+142.4% +33.3%
24.0 18.0 9.9 Net profit?
+21.4% +9.5%
46.0 42.0 37.9 PAT margin %
+25 bps +17 bps
1.6% 1.4% 1.3% EPS (₹)
+25.6% +5.3%
26.19 24.88 20.85
Quality of profit
Pre-tax profit ₹52.0 Cr: core business ₹28.0 Cr, other income ₹24.0 Cr.
Core profit YoY: -6.5%
· reported profit +21.4%
Cash & debt
FY26 cash from operations ₹302 Cr:
214% of FY26 net profit of ₹141 Cr.
Borrowings ₹116 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3,151 ₹2,925
-7.2% below Net profit ₹50.0 ₹46.0
-7.9% in line
M Cap ₹1,622 Cr
P/E 4.2
PEG 1.39
Turnaround: profit against a loss a year ago Operating margin expanded 10031 bps YoY 80% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 12% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+42.3% +270.0%
37.0 10.0 26.0 Operating profit
from loss +233.3%
30.0 9.0 -5.0 OPM %
+10031 bps -892 bps
81.1% 90.0% -19.2% Other income
— +9.0%
121 111 0.0 Net profit?
from loss +28.1%
114 89.0 -3.0 EPS (₹)
from loss +27.8%
30.33 23.73 -0.88
Quality of profit
Pre-tax profit ₹152 Cr: core business ₹30.0 Cr, other income ₹121 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹33.0 Cr:
12% of FY26 net profit of ₹281 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹29.1 ₹37.0
+27.3% above
M Cap ₹1,589 Cr
P/E 46.7
PEG —
Operating margin expanded 329 bps YoY All of pre-tax profit came from other income or one-off items Exceptional items of ₹12.0 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.2% —
514 43.0 513 Operating profit
+39.5% —
60.0 1.0 43.0 OPM %
+329 bps +935 bps
11.7% 2.3% 8.4% Other income
+4.5% +475.0%
23.0 4.0 22.0 Net profit?
-20.0% +900.0%
20.0 2.0 25.0 PAT margin %
-98 bps -76 bps
3.9% 4.7% 4.9% EPS (₹)
-48.0% —
0.13 0.01 0.25
Quality of profit
Pre-tax profit ₹16.0 Cr: core business −₹7.0 Cr, other income ₹23.0 Cr.
Core profit YoY: loss narrowed
· reported profit -20.0%
Cash & debt
FY26 cash from operations ₹315 Cr:
3938% of FY26 net profit of ₹8.0 Cr.
Borrowings ₹693 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹256 ₹514
+100.4% above
28% of pre-tax profit came from other income and one-off items
₹ Cr
Mar 2026
Sales
788 Operating profit
35.0 OPM %
4.4% Other income
7.0 Net profit?
22.0 PAT margin %
2.8% EPS (₹)
1.27
Dec 2025 and Mar 2025 are not on record for this company, so there is nothing to compare with yet.
Quality of profit
Pre-tax profit ₹25.0 Cr: core business ₹18.0 Cr, other income ₹7.0 Cr.
M Cap ₹1,577 Cr
P/E 16.7
PEG 0.88
Profit -24% below its own trend Operating margin contracted 896 bps YoY 43% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -57%) Borrowings up 40% since Jun 2025
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-0.6% +2.3%
136 133 137 Operating profit
-26.8% -24.4%
34.0 45.0 46.4 OPM %
-896 bps -883 bps
25.0% 33.8% 34.0% Other income
+384.6% from loss 12.0 -9.0 2.5 Net profit?
-30.6% +50.0%
21.0 14.0 30.2 PAT margin %
-668 bps +491 bps
15.4% 10.5% 22.1% EPS (₹)
-29.3% +53.3%
14.32 9.34 20.26
Quality of profit
Pre-tax profit ₹30.0 Cr: core business ₹17.0 Cr, other income ₹12.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -56.7%
· reported profit -30.6%
Cash & debt
Borrowings ₹87.0 Cr at Dec 2025, against ₹62.0 Cr at Jun 2025 (+40% ).
Against its own trend ?
Trend Actual Gap
Sales ₹142 ₹136
-4.0% in line Net profit ₹27.6 ₹21.0
-23.9% below
M Cap ₹1,558 Cr
P/E 48.2
PEG 9.64
Profit -53% below its own trend Operating margin contracted 220 bps YoY 40% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+24.3% +7.6%
677 629 545 Operating profit
-5.3% -21.1%
47.8 60.6 50.5 OPM %
-220 bps -257 bps
7.1% 9.6% 9.3% Other income
+30.4% +69.6%
4.1 2.4 3.1 Net profit?
-6.7% -38.2%
6.9 11.1 7.4 PAT margin %
-34 bps -75 bps
1.0% 1.8% 1.3% EPS (₹)
-18.5% -45.0%
0.44 0.80 0.54
Quality of profit
Pre-tax profit ₹10.1 Cr: core business ₹6.0 Cr, other income ₹4.1 Cr.
Core profit YoY: from loss
· reported profit -6.7%
Cash & debt
FY26 cash from operations ₹326 Cr:
622% of FY26 net profit of ₹52.4 Cr.
Borrowings ₹728 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹572 ₹677
+18.5% above Net profit ₹14.7 ₹6.9
-53.3% below
M Cap ₹1,542 Cr
P/E 164.2
PEG 3.16
Profit -75% below its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+31.1% +14.3%
4.4 3.8 3.3 Operating profit
loss narrowed to loss -1.8 1.1 -4.0 OPM %
— -7071 bps
-41.9% 28.8% — Other income
-31.4% +851.3%
4.3 0.4 6.2 Net profit?
-49.0% -35.5%
0.7 1.1 1.4 PAT margin %
-2483 bps -1220 bps
15.8% 28.0% 40.6% EPS (₹)
-54.5% -37.5%
0.05 0.08 0.11
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹3.3 Cr, other income ₹4.3 Cr.
Core profit YoY: loss narrowed
· reported profit -49.0%
Cash & debt
FY26 cash from operations ₹16.0 Cr:
143% of FY26 net profit of ₹11.2 Cr.
Borrowings ₹28.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3.4 ₹4.4
+28.5% above Net profit ₹2.7 ₹0.7
-74.5% below
How to read this page
The numbers. Each card is one company's Q4 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, 19:16 IST
