Flash Finance

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.

Updated 13 Oct 2026, 17:43 IST 5115 declared
The next results season has started: 41 companies have filed results for the quarter ended 30 Sep 2026. See them →

Q4 FY26 scoreboard

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

Latest Q4 FY26 results 5115

Page 11 of 171

Endurance Technologies Limited

ENDURANCE · Auto Components · Q4 FY26 · Consolidated
M Cap
₹34,063 Cr
P/E
35.1
PEG
1.30
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +37.9%+13.2% 4,0863,6082,963
Operating profit +34.5%+19.0% 568477422
OPM % -35 bps+68 bps 13.9%13.2%14.3%
Other income -13.4%-19.7% 30.037.434.6
Net profit? +12.6%+24.5% 276222245
PAT margin % -152 bps+61 bps 6.8%6.1%8.3%
EPS (₹) +12.7%+24.7% 19.6515.7617.43

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹371 Cr: core business ₹341 Cr, other income ₹30.0 Cr.

Core profit YoY: +27.4% · reported profit +12.6%

Cash & debt

FY26 cash from operations ₹1,851 Cr: 195% of FY26 net profit of ₹951 Cr.

Borrowings ₹1,327 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,563₹4,086 +14.7% above
Net profit₹280₹276 -1.5% in line
📊 Investor presentation (13 Aug) Detailed financials →

NLC India Limited

NLCINDIA · Power Generation & Utilities · Q4 FY26 · Consolidated
M Cap
₹33,917 Cr
P/E
10.1
PEG
0.63
  • Profit +151% above its own trend
  • Operating margin expanded 1273 bps YoY
  • 53% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +31.4%+13.5% 5,0424,4433,836
Operating profit +106.0%+32.0% 1,7741,344861
OPM % +1273 bps+493 bps 35.2%30.3%22.5%
Other income -16.2%+120.3% 802364957
Net profit? +216.1%+104.6% 1,481724468
PAT margin % +1716 bps+1308 bps 29.4%16.3%12.2%
EPS (₹) +197.3%+92.5% 10.055.223.38

Quality of profit

Core 47%Other income & one-offs 53%

Pre-tax profit ₹1,518 Cr: core business ₹715 Cr, other income ₹802 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: from loss · reported profit +216.1%

Cash & debt

FY26 cash from operations ₹5,166 Cr: 137% of FY26 net profit of ₹3,769 Cr.

Borrowings ₹27,892 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,251₹5,042 +18.6% above
Net profit₹591₹1,481 +150.8% above
📊 Investor presentation (27 May) Detailed financials →

Voltas Limited

VOLTAS · Consumer Durables & Appliances · Q4 FY26 · Consolidated
M Cap
₹33,750 Cr
P/E
76.4
PEG
4.49
  • Operating margin contracted 253 bps YoY
  • FY26 operating cash flow was only 19% of profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +2.5%+60.0% 4,8883,0554,768
Operating profit -38.5%+27.6% 185145301
OPM % -253 bps-96 bps 3.8%4.7%6.3%
Other income -46.2%-33.8% 43.065.080.0
Net profit? -52.1%+34.5% 11384.0236
PAT margin % -264 bps-44 bps 2.3%2.7%4.9%
EPS (₹) -51.8%+36.6% 3.512.577.28

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹184 Cr: core business ₹142 Cr, other income ₹43.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -46.2% · reported profit -52.1%

Cash & debt

FY26 cash from operations ₹71.0 Cr: 19% of FY26 net profit of ₹370 Cr.

Borrowings ₹992 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,476₹4,888 +9.2% above
Net profit₹125₹113 -9.8% in line
📊 Investor presentation (14 Aug) Detailed financials →

Container Corporation of India Limited

CONCOR · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹33,568 Cr
P/E
26.9
PEG
13.45
  • Profit -10% below its own trend
  • 26% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -1.1%-1.9% 2,2632,3082,288
Operating profit -3.1%-16.9% 427514441
OPM % -39 bps-341 bps 18.9%22.3%19.3%
Other income -30.7%-3.7% 89.092.5129
Net profit? -11.7%-21.2% 264335299
PAT margin % -140 bps-285 bps 11.7%14.5%13.1%
EPS (₹) -12.2%-21.6% 3.454.40adj. 3.93

EPS restated for the 1:4 bonus of Jul 2025: Mar 2025 ₹4.91 to ₹3.93.

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹342 Cr: core business ₹253 Cr, other income ₹89.0 Cr.

Core profit YoY: -3.8% · reported profit -11.7%

Cash & debt

FY26 cash from operations ₹1,482 Cr: 119% of FY26 net profit of ₹1,246 Cr.

Borrowings ₹965 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,349₹2,263 -3.7% in line
Net profit₹295₹264 -10.4% below
Detailed financials →

Hexaware Technologies Limited

HEXT · IT Services & Software · Q4 FY26 · Consolidated
M Cap
₹33,529 Cr
P/E
25.0
PEG
—
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +12.6%+3.9% 3,6133,4783,208
Operating profit +8.2%+51.1% 571378528
OPM % -65 bps+494 bps 15.8%10.9%16.5%
Other income +400.0%-89.7% 22.02144.4
Net profit? +7.6%+20.7% 352292327
PAT margin % -45 bps+136 bps 9.7%8.4%10.2%
EPS (₹) +6.9%+20.0% 5.754.795.38

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹473 Cr: core business ₹451 Cr, other income ₹22.0 Cr.

Core profit YoY: +4.4% · reported profit +7.6%

📊 Investor presentation (21 Aug) Detailed financials →

Exide Industries Limited

EXIDEIND · Auto Components · Q4 FY26 · Consolidated
M Cap
₹33,503 Cr
P/E
35.8
PEG
11.92
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +9.2%+12.7% 4,7354,2014,335
Operating profit +14.0%+7.9% 488452428
OPM % +43 bps-46 bps 10.3%10.8%9.9%
Other income -90.9%-74.0% 4.015.444.0
Net profit? +15.4%+11.3% 217195188
PAT margin % +25 bps-6 bps 4.6%4.6%4.3%
EPS (₹) +15.0%+10.5% 2.532.292.20

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹327 Cr: core business ₹323 Cr, other income ₹4.0 Cr.

Core profit YoY: +31.8% · reported profit +15.4%

Cash & debt

FY26 cash from operations ₹2,413 Cr: 281% of FY26 net profit of ₹860 Cr.

Borrowings ₹1,575 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,518₹4,735 +4.8% in line
Net profit₹211₹217 +3.0% in line
📊 Investor presentation (01 Aug) Detailed financials →

Syrma SGS Technology Limited

SYRMA · Electronic Components · Q4 FY26 · Consolidated
M Cap
₹33,463 Cr
P/E
83.6
PEG
2.14
  • Profit -16% below its own trend
  • Core business grew faster than reported profit (core profit +97%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +58.5%+15.9% 1,4651,264924
Operating profit +61.1%+9.4% 174159108
OPM % +19 bps-70 bps 11.9%12.6%11.7%
Other income -50.0%+57.1% 11.07.022.0
Net profit? +67.6%+8.2% 11911071.0
PAT margin % +44 bps-58 bps 8.1%8.7%7.7%
EPS (₹) +43.1%-1.5% 5.255.333.67

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹150 Cr: core business ₹140 Cr, other income ₹11.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +97.2% · reported profit +67.6%

Cash & debt

FY26 cash from operations ₹290 Cr: 84% of FY26 net profit of ₹344 Cr.

Borrowings ₹400 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,206₹1,465 +21.5% above
Net profit₹142₹119 -16.2% below
📊 Investor presentation (07 Jun) Detailed financials →

Himadri Speciality Chemical Limited

HSCL · Chemicals · Q4 FY26 · Consolidated
M Cap
₹33,373 Cr
P/E
41.5
PEG
0.88
  • Operating margin contracted 174 bps YoY
  • Profit grew faster than the core business (core profit -2%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +13.5%+8.8% 1,2881,1841,135
Operating profit +3.9%-0.3% 242243233
OPM % -174 bps-171 bps 18.8%20.5%20.5%
Other income +342.9%+33.1% 62.046.614.0
Net profit? +34.2%+8.3% 208192155
PAT margin % +249 bps-8 bps 16.1%16.2%13.7%
EPS (₹) +26.3%+3.6% 3.983.843.15

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹268 Cr: core business ₹206 Cr, other income ₹62.0 Cr.

Core profit YoY: -1.9% · reported profit +34.2%

Cash & debt

FY26 cash from operations ₹382 Cr: 51% of FY26 net profit of ₹756 Cr.

Borrowings ₹770 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,082₹1,288 +19.1% above
Net profit₹210₹208 -0.9% in line
📊 Investor presentation (15 Jul) Detailed financials →

Godrej Industries Limited

GODREJIND · Chemicals · Q4 FY26 · Consolidated
M Cap
₹33,207 Cr
P/E
15.0
PEG
1.07
  • Profit +79% above its own trend
  • Operating margin expanded 490 bps YoY
  • 70% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +33.1%+52.3% 7,6945,0515,780
Operating profit +96.7%+114.5% 1,167544593
OPM % +490 bps+440 bps 15.2%10.8%10.3%
Other income +26.5%+21.3% 784646620
Net profit? +102.1%+138.5% 841353416
PAT margin % +373 bps+395 bps 10.9%7.0%7.2%
EPS (₹) +142.5%+117.3% 13.196.075.44

Quality of profit

Core 30%Other income & one-offs 70%

Pre-tax profit ₹1,126 Cr: core business ₹342 Cr, other income ₹784 Cr.

Core profit YoY: from loss · reported profit +102.1%

Cash & debt

FY26 cash from operations −₹8,855 Cr: -367% of FY26 net profit of ₹2,412 Cr.

Borrowings ₹51,564 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹6,060₹7,694 +27.0% above
Net profit₹470₹841 +79.0% above
Detailed financials →

Star Health and Allied Insurance Company Limited

STARHEALTH · NBFC & Finance Companies · Q4 FY26 · Standalone
M Cap
₹33,139 Cr
P/E
39.3
PEG
—
  • Profit +999% above its own trend
  • Operating margin expanded 336 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +13.9%+1.8% 4,6484,5664,081
Operating profit from loss-14.0% 148172-7.0
OPM % +336 bps-58 bps 3.2%3.8%-0.2%
Other income -33.3%+100.0% 4.02.06.0
Net profit —-13.3% 1111281.0
PAT margin % +236 bps-42 bps 2.4%2.8%0.0%
EPS (₹) —-13.3% 1.892.180.01

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹151 Cr: core business ₹148 Cr, other income ₹4.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: from loss

Cash & debt

Borrowings ₹490 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,505₹4,648 +3.2% in line
Net profit₹0.5₹111 +999.0% above
📊 Investor presentation (29 Jul) Detailed financials →

Karur Vysya Bank Limited

KARURVYSYA · Private Sector Banks · Q4 FY26 · Standalone
M Cap
₹33,089 Cr
P/E
12.1
PEG
0.39
  • Profit +20% above its own trend
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +16.4%+6.6% 3,5203,3033,025
Net interest income +24.8%+9.7% 1,3591,2391,089
Other income +20.9%+21.0% 616509509
Net profit +41.2%+5.1% 725690513
EPS (₹) +41.2%+5.0% 7.507.145.31
Gross NPA % -1 bps+4 bps 0.8%0.7%0.8%
Net NPA % -1 bps+0 bps 0.2%0.2%0.2%

Against its own trend ?

TrendActualGap
NII₹1,251₹1,359 +8.6% above
Net profit₹603₹725 +20.3% above
📊 Investor presentation (20 Jul) Detailed financials →

Dr. Lal Path Labs Ltd.

LALPATHLAB · Hospitals & Healthcare Services · Q4 FY26 · Consolidated
M Cap
₹32,890 Cr
P/E
60.3
PEG
2.01
  • Profit -29% below its own trend
  • Operating margin contracted 144 bps YoY
  • Core business grew faster than reported profit (core profit +7%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +16.7%+6.5% 703660603
Operating profit +10.7%+4.5% 187179169
OPM % -144 bps-52 bps 26.6%27.1%28.0%
Other income -7.0%from loss 24.0-6.025.8
Net profit? -15.1%+45.1% 13291.0156
PAT margin % -703 bps+499 bps 18.8%13.8%25.8%
EPS (₹) -15.6%+45.2% 7.845.40adj. 9.29

EPS restated for the 1:1 bonus of Dec 2025: Mar 2025 ₹18.57 to ₹9.29.

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹160 Cr: core business ₹136 Cr, other income ₹24.0 Cr.

Core profit YoY: +6.6% · reported profit -15.1%

Cash & debt

FY26 cash from operations ₹636 Cr: 125% of FY26 net profit of ₹509 Cr.

Borrowings ₹199 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹667₹703 +5.4% above
Net profit₹187₹132 -29.4% below
📊 Investor presentation (24 Jul) Detailed financials →

Housing & Urban Development Corporation Limited

HUDCO · Housing Finance · Q4 FY26 · Standalone
M Cap
₹32,789 Cr
P/E
7.7
PEG
0.23
  • Profit +163% above its own trend
  • Gross NPA down 63 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +27.0%+3.4% 3,6253,5062,855
Net interest income +16.6%+12.2% 1,1501,025986
Other income +520.0%-28.5% 62.086.710.0
Net profit +172.1%+177.8% 1,981713728
EPS (₹) +172.0%+178.1% 9.903.563.64
Gross NPA % -63 bps-4 bps 1.0%1.1%1.7%
Net NPA % -20 bps-1 bps 0.1%0.1%0.2%

Against its own trend ?

TrendActualGap
NII₹1,299₹1,150 -11.5% below
Net profit₹754₹1,981 +162.8% above
Detailed financials →

Mindspace Business Parks REIT

MINDSPACE · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹32,685 Cr
P/E
40.9
PEG
1.57
  • Profit +102% above its own trend
  • Operating margin expanded 567 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +30.7%+40.7% 890633681
Operating profit +41.1%+9.1% 683626484
OPM % +567 bps-2219 bps 76.7%98.9%71.1%
Other income -3.8%+19.0% 25.021.026.0
Net profit? +117.7%+8.9% 20919296.0
PAT margin % +939 bps-685 bps 23.5%30.3%14.1%
EPS (₹) +114.0%+3.4% 3.062.961.43

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹364 Cr: core business ₹339 Cr, other income ₹25.0 Cr.

Core profit YoY: +51.3% · reported profit +117.7%

Cash & debt

FY26 cash from operations ₹2,414 Cr: 347% of FY26 net profit of ₹695 Cr.

Borrowings ₹12,991 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹775₹890 +14.8% above
Net profit₹103₹209 +102.4% above
Detailed financials →

Cochin Shipyard Limited

COCHINSHIP · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹32,412 Cr
P/E
47.7
PEG
1.19
  • Operating margin expanded 577 bps YoY
  • 39% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -15.6%+9.9% 1,4841,3501,758
Operating profit +16.6%+65.8% 310187266
OPM % +577 bps+704 bps 20.9%13.9%15.1%
Other income -0.1%+121.1% 15771.0157
Net profit? -3.9%+90.3% 276145287
PAT margin % +226 bps+786 bps 18.6%10.7%16.3%
EPS (₹) -3.8%+91.1% 10.515.5010.92

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹403 Cr: core business ₹246 Cr, other income ₹157 Cr.

Core profit YoY: +8.4% · reported profit -3.9%

Cash & debt

FY26 cash from operations −₹1,234 Cr: -172% of FY26 net profit of ₹716 Cr.

Borrowings ₹1,672 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,235₹1,484 -33.6% below
Net profit₹272₹276 +1.3% in line
📊 Investor presentation (10 Sep) Detailed financials →

PI Industries Limited

PIIND · Pesticides & Agrochemicals · Q4 FY26 · Consolidated
M Cap
₹32,336 Cr
P/E
24.5
PEG
—
  • Profit -30% below its own trend
  • Operating margin contracted 396 bps YoY
  • FY26 operating cash flow was only 36% of profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -12.4%+13.7% 1,5651,3761,787
Operating profit -26.0%+11.6% 337302456
OPM % -396 bps-41 bps 21.5%21.9%25.5%
Other income -0.9%-57.0% 74.017274.7
Net profit? -39.5%-35.7% 200311330
PAT margin % -571 bps-982 bps 12.8%22.6%18.5%
EPS (₹) -39.4%-35.7% 13.2020.5221.79

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹300 Cr: core business ₹226 Cr, other income ₹74.0 Cr.

Core profit YoY: -36.8% · reported profit -39.5%

Cash & debt

FY26 cash from operations ₹474 Cr: 36% of FY26 net profit of ₹1,320 Cr.

Borrowings ₹342 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,574₹1,565 -0.6% in line
Net profit₹285₹200 -29.9% below
📊 Investor presentation (11 Aug) Detailed financials →

Blue Star Limited

BLUESTARCO · Consumer Durables & Appliances · Q4 FY26 · Consolidated
M Cap
₹32,278 Cr
P/E
63.4
PEG
2.35
  • Profit +34% above its own trend
  • Operating margin expanded 106 bps YoY
  • FY26 operating cash flow was only 29% of profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +1.3%+39.2% 4,0722,9254,019
Operating profit +16.8%+48.2% 326220279
OPM % +106 bps+48 bps 8.0%7.5%6.9%
Other income +87.5%from loss 45.0-44.024.0
Net profit? +17.0%+180.2% 22781.0194
PAT margin % +75 bps+281 bps 5.6%2.8%4.8%
EPS (₹) +17.2%+181.6% 11.043.929.42

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹300 Cr: core business ₹255 Cr, other income ₹45.0 Cr.

Core profit YoY: +13.3% · reported profit +17.0%

Cash & debt

FY26 cash from operations ₹154 Cr: 29% of FY26 net profit of ₹528 Cr.

Borrowings ₹810 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,232₹4,072 -3.8% in line
Net profit₹170₹227 +33.9% above
📊 Investor presentation (07 Aug) Detailed financials →

ITC Hotels Limited

ITCHOTELS · Hotels & Resorts · Q4 FY26 · Consolidated
M Cap
₹32,060 Cr
P/E
36.9
PEG
—
  • Profit -20% below its own trend
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +14.1%-2.1% 1,2541,2801,099
Operating profit +13.1%-0.2% 466467412
OPM % -33 bps+68 bps 37.2%36.5%37.5%
Other income +39.5%from loss 60.0-34.043.0
Net profit? +22.9%+33.9% 317237258
PAT margin % +181 bps+678 bps 25.3%18.5%23.5%
EPS (₹) +23.6%+34.5% 1.521.131.23

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹418 Cr: core business ₹358 Cr, other income ₹60.0 Cr.

Core profit YoY: +15.5% · reported profit +22.9%

Cash & debt

FY26 cash from operations ₹1,110 Cr: 135% of FY26 net profit of ₹821 Cr.

Borrowings ₹74.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,269₹1,254 -1.2% in line
Net profit₹396₹317 -20.0% below
Detailed financials →

Kirloskar Oil Engines Limited

KIRLOSENG · Pumps, Compressors & Engines · Q4 FY26 · Consolidated
M Cap
₹31,913 Cr
P/E
75.3
PEG
3.27
  • Profit +37% above its own trend
  • Core business grew faster than reported profit (core profit +46%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +21.0%+13.0% 2,1161,8731,749
Operating profit +20.5%from loss 376-1.4312
OPM % -7 bps+1784 bps 17.8%-0.1%17.8%
Other income -88.9%from loss 4.0-13.036.0
Net profit? +22.0%from loss 155-1.1127
PAT margin % +6 bps+738 bps 7.3%-0.1%7.3%
EPS (₹) +20.8%+42.4% 10.917.669.03

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹210 Cr: core business ₹207 Cr, other income ₹4.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +45.8% · reported profit +22.0%

Cash & debt

FY26 cash from operations ₹932 Cr: 206% of FY26 net profit of ₹452 Cr.

Borrowings ₹5,374 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,072₹2,116 +2.1% in line
Net profit₹113₹155 +37.1% above
Detailed financials →

Wockhardt Limited

WOCKPHARMA · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹31,900 Cr
P/E
90.4
PEG
2.10
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 1470 bps YoY
  • 35% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +29.9%+111.2% 965457743
Operating profit +251.6%+703.6% 22528.064.0
OPM % +1470 bps+1719 bps 23.3%6.1%8.6%
Other income +346.7%+346.7% 67.015.015.0
Net profit? from loss+485.7% 16428.0-45.0
PAT margin % +2305 bps+1087 bps 17.0%6.1%-6.1%
EPS (₹) from loss+181.5% 10.223.63-1.54

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹189 Cr: core business ₹122 Cr, other income ₹67.0 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹390 Cr: 283% of FY26 net profit of ₹138 Cr.

Borrowings ₹2,233 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹730₹965 +32.2% above
📊 Investor presentation (04 Jun) Detailed financials →

Aegis Vopak Terminals Limited

AEGISVOPAK · Oil & Gas Exploration & Services · Q4 FY26 · Consolidated
M Cap
₹31,733 Cr
P/E
110.8
PEG
—
  • Operating margin expanded 130 bps YoY
  • Core business grew faster than reported profit (core profit +41%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +22.1%+1.7% 243239199
Operating profit +24.3%+0.0% 179179144
OPM % +130 bps-123 bps 73.7%74.9%72.4%
Other income -75.0%+0.0% 4.04.016.0
Net profit? +15.6%-16.9% 74.089.064.0
PAT margin % -171 bps-679 bps 30.5%37.2%32.2%
EPS (₹) +5.1%-16.2% 0.620.740.59

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹87.0 Cr: core business ₹83.0 Cr, other income ₹4.0 Cr.

Core profit YoY: +40.7% · reported profit +15.6%

📊 Investor presentation (07 Aug) Detailed financials →

PNB Housing Finance Limited

PNBHOUSING · Housing Finance · Q4 FY26 · Consolidated
M Cap
₹31,296 Cr
P/E
13.5
PEG
0.45
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +6.6%+2.4% 2,1722,1212,037
Net interest income —— 936——
Other income —— -10.0——
Net profit? +19.2%+26.1% 656520550
EPS (₹) +18.8%+26.0% 25.1719.9721.18
Gross NPA % -15 bps-11 bps 0.9%1.0%1.1%
Net NPA % -12 bps-11 bps 0.6%0.7%0.7%

Against its own trend ?

TrendActualGap
Net profit₹680₹656 -3.5% in line
📊 Investor presentation (04 Aug) Detailed financials →

Sai Life Sciences Limited

SAILIFE · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹31,250 Cr
P/E
91.1
PEG
0.40
  • Profit -38% below its own trend
  • Operating margin expanded 216 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +3.8%+8.3% 602556580
Operating profit +12.0%-5.9% 177188158
OPM % +216 bps-441 bps 29.4%33.8%27.2%
Other income +60.0%— 16.00.010.0
Net profit? +18.2%+6.5% 10497.688.0
PAT margin % +210 bps-28 bps 17.3%17.6%15.2%
EPS (₹) +16.0%+3.6% 4.924.754.24

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹139 Cr: core business ₹124 Cr, other income ₹16.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +12.7% · reported profit +18.2%

Cash & debt

FY26 cash from operations ₹509 Cr: 148% of FY26 net profit of ₹343 Cr.

Borrowings ₹288 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹769₹602 -21.7% below
Net profit₹168₹104 -38.2% below
📊 Investor presentation (07 Aug) Detailed financials →

LIC Housing Finance Limited

LICHSGFIN · Housing Finance · Q4 FY26 · Consolidated
M Cap
₹31,244 Cr
P/E
5.4
PEG
0.22
  • Gross NPA down 32 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income -1.3%-0.0% 7,2147,2147,306
Net interest income —— 2,426——
Other income —— 2.0——
Net profit? +8.7%+6.8% 1,4931,3981,374
EPS (₹) +8.7%+6.7% 27.1325.4224.97
Gross NPA % -32 bps-30 bps 2.1%2.5%2.5%
Net NPA % -14 bps-5 bps 1.1%1.1%1.2%

Against its own trend ?

TrendActualGap
Net profit₹1,415₹1,493 +5.5% in line
📊 Investor presentation (30 Jul) Detailed financials →

Delhivery Limited

DELHIVERY · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹30,882 Cr
P/E
332.1
PEG
11.07
  • Profit -39% below its own trend
  • Operating margin expanded 208 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +30.0%+1.6% 2,8502,8052,192
Operating profit +79.7%+2.5% 214209119
OPM % +208 bps+7 bps 7.5%7.4%5.4%
Other income -37.5%-9.2% 70.077.1112
Net profit? -0.8%+81.9% 72.039.672.6
PAT margin % -78 bps+111 bps 2.5%1.4%3.3%
EPS (₹) +0.0%+83.0% 0.970.530.97

Quality of profit

Pre-tax profit ₹67.0 Cr: core business −₹3.0 Cr, other income ₹70.0 Cr.

Core profit YoY: loss narrowed · reported profit -0.8%

Cash & debt

FY26 cash from operations ₹911 Cr: 599% of FY26 net profit of ₹152 Cr.

Borrowings ₹1,463 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,438₹2,850 +16.9% above
Net profit₹118₹72.0 -39.1% below
📊 Investor presentation (08 Aug) Detailed financials →

The New India Assurance Company Limited

NIACL · NBFC & Finance Companies · Q4 FY26 · Consolidated
M Cap
₹30,821 Cr
P/E
40.0
PEG
0.40
  • Profit +46% above its own trend
  • Operating margin contracted 350 bps YoY
  • 96% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -96%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +7.5%+3.9% 12,54412,06911,664
Operating profit -95.5%-90.8% 19.0206426
OPM % -350 bps-156 bps 0.2%1.7%3.7%
Other income +454.5%+157.2% 42716677.0
Net profit? +62.9%+52.6% 580380356
PAT margin % +157 bps+148 bps 4.6%3.1%3.1%
EPS (₹) +61.0%+51.9% 3.512.312.18

Quality of profit

Core 4%Other income & one-offs 96%

Pre-tax profit ₹446 Cr: core business ₹19.0 Cr, other income ₹427 Cr.

Core profit YoY: -95.5% · reported profit +62.9%

Cash & debt

FY26 cash from operations −₹4,532 Cr: -320% of FY26 net profit of ₹1,417 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹13,137₹12,544 -4.5% in line
Net profit₹396₹580 +46.4% above
📊 Investor presentation (24 Jul) Detailed financials →

United Breweries Limited

UBL · Breweries & Distilleries · Q4 FY26 · Consolidated
M Cap
₹30,798 Cr
P/E
77.9
PEG
15.58
  • Operating margin contracted 186 bps YoY
  • 71% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -73%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -3.1%+8.5% 2,2502,0732,323
Operating profit -25.6%-38.4% 139226187
OPM % -186 bps-471 bps 6.2%10.9%8.0%
Other income +923.7%+639.4% 82.011.18.0
Net profit? +4.3%+25.7% 10281.297.8
PAT margin % +32 bps+62 bps 4.5%3.9%4.2%
EPS (₹) +4.3%+25.8% 3.853.063.69

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹116 Cr: core business ₹34.0 Cr, other income ₹82.0 Cr.

Core profit YoY: -72.6% · reported profit +4.3%

Cash & debt

FY26 cash from operations ₹435 Cr: 105% of FY26 net profit of ₹413 Cr.

Borrowings ₹1,317 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,330₹2,250 -3.4% in line
Net profit₹111₹102 -8.0% in line
📊 Investor presentation (02 Sep) Detailed financials →

R R Kabel Limited

RRKABEL · Cables & Wires · Q4 FY26 · Consolidated
M Cap
₹30,782 Cr
P/E
50.7
PEG
1.30
  • Profit -23% below its own trend
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +33.6%+16.9% 2,9642,5362,218
Operating profit +34.8%+28.3% 262204194
OPM % +8 bps+78 bps 8.8%8.1%8.8%
Other income +12.6%-8.2% 15.016.313.3
Net profit? +30.1%+42.1% 168118129
PAT margin % -15 bps+101 bps 5.7%4.7%5.8%
EPS (₹) +29.9%+42.0% 14.8510.4611.43

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹225 Cr: core business ₹211 Cr, other income ₹15.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +32.0% · reported profit +30.1%

Cash & debt

FY26 cash from operations ₹295 Cr: 60% of FY26 net profit of ₹492 Cr.

Borrowings ₹337 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,728₹2,964 +8.7% above
Net profit₹217₹168 -22.7% below
📊 Investor presentation (27 Jul) Detailed financials →

Dhoot Transmission Limited

DHOOTTRANS · Auto Components · Q4 FY26 · Consolidated
M Cap
₹30,643 Cr
P/E
—
PEG
—
₹ Cr Mar 2026
Sales 1,277
Operating profit 179
OPM % 14.0%
Other income 3.0
Net profit? 95.0
PAT margin % 7.4%
EPS (₹) 5.05

Dec 2025 and Mar 2025 are not on record for this company, so there is nothing to compare with yet.

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹125 Cr: core business ₹121 Cr, other income ₹3.0 Cr, exceptional & other items ₹1.0 Cr.

📊 Investor presentation (04 Sep) Detailed financials →

Dalmia Bharat Limited

DALBHARAT · Cement · Q4 FY26 · Consolidated
M Cap
₹30,536 Cr
P/E
32.0
PEG
—
  • Profit -55% below its own trend
  • Operating margin expanded 186 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +3.8%+21.1% 4,2453,5064,091
Operating profit +13.7%+49.8% 902602793
OPM % +186 bps+408 bps 21.2%17.2%19.4%
Other income -63.4%+13.3% 34.030.093.0
Net profit? -10.3%+207.8% 394128439
PAT margin % -145 bps+563 bps 9.3%3.7%10.7%
EPS (₹) -11.0%+217.4% 20.636.5023.19

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹439 Cr: core business ₹405 Cr, other income ₹34.0 Cr.

Core profit YoY: +8.3% · reported profit -10.3%

Cash & debt

FY26 cash from operations ₹2,278 Cr: 197% of FY26 net profit of ₹1,156 Cr.

Borrowings ₹7,406 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,308₹4,245 -1.5% in line
Net profit₹878₹394 -55.1% below
Detailed financials →

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.

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