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 ₹1,538 Cr
P/E 27.3
PEG —
Profit +51% above its own trend 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+25.7% +53.6%
63.0 41.0 50.1 Operating profit
+27.4% +50.7%
13.0 8.6 10.2 OPM %
+28 bps -40 bps
20.6% 21.0% 20.4% Other income
+33.3% +21.6%
5.0 4.1 3.7 Net profit?
+46.5% +64.6%
15.0 9.1 10.2 PAT margin %
+338 bps +160 bps
23.8% 22.2% 20.4% EPS (₹)
+42.0% +59.5%
4.53 2.84 3.19
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹12.0 Cr, other income ₹5.0 Cr.
Core profit YoY: +32.9%
· reported profit +46.5%
Cash & debt
FY26 cash from operations ₹87.0 Cr:
173% of FY26 net profit of ₹50.4 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹55.3 ₹63.0
+13.9% above Net profit ₹9.9 ₹15.0
+51.4% above
M Cap ₹1,521 Cr
P/E 48.8
PEG 0.55
Profit -73% below its own trend Operating margin contracted 204 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
-13.7% -26.4%
189 257 219 Operating profit
-36.3% -51.7%
10.9 22.5 17.1 OPM %
-204 bps -301 bps
5.8% 8.8% 7.8% Other income
+8.0% +116.9%
10.4 4.8 9.6 Net profit?
-46.1% -1.6%
8.2 8.3 15.2 PAT margin %
-261 bps +109 bps
4.3% 3.2% 7.0% EPS (₹)
-46.4% -1.9%
0.52 0.53 0.97
Quality of profit
Pre-tax profit ₹5.7 Cr: core business −₹4.7 Cr, other income ₹10.4 Cr.
Core profit YoY: to loss
· reported profit -46.1%
Cash & debt
FY26 cash from operations ₹76.0 Cr:
162% of FY26 net profit of ₹46.8 Cr.
Borrowings ₹103 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹385 ₹189
-50.9% below Net profit ₹30.4 ₹8.2
-73.1% below
M Cap ₹1,518 Cr
P/E 28.4
PEG —
Profit -56% below its own trend Operating margin contracted 517 bps YoY 81% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -89%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-4.2% +0.6%
196 195 205 Operating profit
-20.5% -4.7%
49.6 52.1 62.4 OPM %
-517 bps -142 bps
25.3% 26.7% 30.5% Other income
+26.4% +65.8%
8.4 5.1 6.6 Net profit
-60.0% +10.9%
8.0 7.2 19.9 PAT margin %
-566 bps +37 bps
4.1% 3.7% 9.7% EPS (₹)
-60.1% +10.5%
1.47 1.33 3.68
Quality of profit
Pre-tax profit ₹10.4 Cr: core business ₹2.0 Cr, other income ₹8.4 Cr.
Core profit YoY: -89.3%
· reported profit -60.0%
Cash & debt
FY26 cash from operations ₹165 Cr:
279% of FY26 net profit of ₹59.2 Cr.
Borrowings ₹532 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹214 ₹196
-8.3% below Net profit ₹18.2 ₹8.0
-56.4% below
M Cap ₹1,515 Cr
P/E 16.6
PEG 0.35
Profit -36% below its own trend Operating margin expanded 567 bps YoY 52% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +77%) FY26 operating cash flow was only 8% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-10.6% +6.4%
121 114 135 Operating profit
+56.6% +18.3%
16.0 13.5 10.2 OPM %
+567 bps +134 bps
13.2% 11.9% 7.5% Other income
-28.6% +29.7%
14.0 10.8 19.6 Net profit?
-9.8% +35.4%
21.0 15.5 23.3 PAT margin %
+17 bps +372 bps
17.4% 13.6% 17.2% EPS (₹)
-9.9% +32.6%
1.18 0.89 1.31
Quality of profit
Pre-tax profit ₹27.0 Cr: core business ₹13.0 Cr, other income ₹14.0 Cr.
Core profit YoY: +77.4%
· reported profit -9.8%
Cash & debt
FY26 cash from operations ₹14.0 Cr:
8% of FY26 net profit of ₹168 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹135 ₹121
-10.0% below Net profit ₹32.8 ₹21.0
-35.9% below
M Cap ₹1,494 Cr
P/E 23.5
PEG —
Operating margin contracted 997 bps YoY 54% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-13.1% -11.5%
122 137 140 Operating profit
-45.9% -19.9%
20.0 25.0 37.0 OPM %
-997 bps -172 bps
16.5% 18.2% 26.4% Other income
+263.5% —
14.1 0.9 3.9 Net profit?
-44.2% +54.7%
18.6 12.0 33.3 PAT margin %
-853 bps +655 bps
15.3% 8.8% 23.8% EPS (₹)
-44.2% +51.3%
6.52 4.31 11.68
Quality of profit
Pre-tax profit ₹26.2 Cr: core business ₹12.1 Cr, other income ₹14.1 Cr.
Core profit YoY: -57.0%
· reported profit -44.2%
M Cap ₹1,488 Cr
P/E 23.2
PEG —
Operating margin contracted 767 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
-14.3% -6.8%
474 509 553 Operating profit
-69.9% -47.7%
19.7 37.7 65.5 OPM %
-767 bps -326 bps
4.2% 7.4% 11.8% Other income
+168.4% +151.0%
37.2 14.8 13.9 Net profit?
-59.5% from loss 8.0 -3.5 19.8 PAT margin %
-189 bps +239 bps
1.7% -0.7% 3.6% EPS (₹)
-59.0% from loss 0.32 -0.14 0.78
Quality of profit
Pre-tax profit ₹7.1 Cr: core business −₹30.1 Cr, other income ₹37.2 Cr.
Core profit YoY: to loss
· reported profit -59.5%
Cash & debt
FY26 cash from operations ₹222 Cr:
772% of FY26 net profit of ₹28.7 Cr.
Borrowings ₹726 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹667 ₹474
-28.9% below
M Cap ₹1,468 Cr
P/E 32.4
PEG 2.03
Profit +57% above its own trend Operating margin expanded 251 bps YoY 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.6% -12.0%
64.2 73.0 58.6 Operating profit
+28.1% -31.4%
11.2 16.3 8.7 OPM %
+251 bps -492 bps
17.4% 22.3% 14.9% Other income
+23.8% +252.2%
3.2 0.9 2.6 Net profit
+33.1% -20.0%
8.8 10.9 6.6 PAT margin %
+241 bps -137 bps
13.6% 15.0% 11.2% EPS (₹)
+32.3% -20.1%
1.31 1.64 0.99
Quality of profit
Pre-tax profit ₹11.8 Cr: core business ₹8.6 Cr, other income ₹3.2 Cr.
Core profit YoY: +39.9%
· reported profit +33.1%
Cash & debt
FY26 cash from operations ₹47.0 Cr:
109% of FY26 net profit of ₹43.1 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹58.7 ₹64.2
+9.3% above Net profit ₹5.6 ₹8.8
+57.0% above
M Cap ₹1,452 Cr
P/E 8.1
PEG 0.67
Profit +371% above its own trend Operating margin expanded 410 bps YoY 68% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+79.5% +18.6%
293 247 163 Operating profit
+245.8% +78.6%
25.0 14.0 7.2 OPM %
+410 bps +286 bps
8.5% 5.7% 4.4% Other income
+153.5% -64.8%
25.0 71.0 9.9 Net profit?
+841.6% -57.4%
29.0 68.0 3.1 PAT margin %
+801 bps -1763 bps
9.9% 27.5% 1.9% EPS (₹)
+838.9% -57.5%
1.69 3.98 0.18
Quality of profit
Pre-tax profit ₹37.0 Cr: core business ₹12.0 Cr, other income ₹25.0 Cr.
Core profit YoY: from loss
· reported profit +841.6%
Cash & debt
FY26 cash from operations ₹116 Cr:
90% of FY26 net profit of ₹129 Cr.
Borrowings ₹137 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹168 ₹293
+74.6% above Net profit ₹6.2 ₹29.0
+370.8% above
M Cap ₹1,449 Cr
P/E 53.1
PEG —
Profit +28% above 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
+29.4% +25.9%
527 419 407 Operating profit
+23.9% +63.1%
25.1 15.4 20.3 OPM %
-21 bps +109 bps
4.8% 3.7% 5.0% Other income
-1.2% -39.2%
17.5 28.7 17.7 Net profit
-1.7% -21.6%
7.7 9.8 7.8 PAT margin %
-46 bps -89 bps
1.5% 2.4% 1.9% EPS (₹)
+0.0% -22.0%
0.39 0.50 0.39
Quality of profit
Pre-tax profit ₹11.8 Cr: core business −₹5.7 Cr, other income ₹17.5 Cr.
Core profit YoY: loss narrowed
· reported profit -1.7%
Cash & debt
FY26 cash from operations ₹104 Cr:
559% of FY26 net profit of ₹18.6 Cr.
Borrowings ₹232 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹449 ₹527
+17.4% above Net profit ₹6.0 ₹7.7
+27.8% above
M Cap ₹1,449 Cr
P/E 22.0
PEG —
Profit +79% above its own trend Operating margin contracted 127 bps YoY 73% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -11%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+14.7% +4.3%
218 209 190 Operating profit
-8.3% +57.1%
11.0 7.0 12.0 OPM %
-127 bps +170 bps
5.0% 3.3% 6.3% Other income
+61.5% +110.0%
21.0 10.0 13.0 Net profit
+37.5% +100.0%
22.0 11.0 16.0 PAT margin %
+167 bps +483 bps
10.1% 5.3% 8.4% EPS (₹)
+34.7% +106.7%
15.40 7.45 11.43
Quality of profit
Pre-tax profit ₹30.0 Cr: core business ₹8.0 Cr, other income ₹21.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -11.1%
· reported profit +37.5%
Cash & debt
FY26 cash from operations −₹21.0 Cr:
-32% of FY26 net profit of ₹66.0 Cr.
Borrowings ₹24.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹198 ₹218
+10.3% above Net profit ₹12.3 ₹22.0
+79.0% above
All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-5.2% +3.6%
663 640 699 Operating profit
+7.3% -8.7%
44.0 48.2 41.0 OPM %
+77 bps -89 bps
6.6% 7.5% 5.9% Other income
from loss +341.2%
15.0 3.4 -16.0 Net profit?
loss narrowed to loss -19.0 3.6 -31.0 PAT margin %
+157 bps -343 bps
-2.9% 0.6% -4.4% EPS (₹)
loss narrowed to loss -2.28 0.42 -3.70
Quality of profit
Pre-tax profit ₹11.0 Cr: core business −₹4.0 Cr, other income ₹15.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹258 Cr.
Borrowings ₹856 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹692 ₹663
-4.1% in line
Turnaround: profit against a loss a year ago Operating margin expanded 9320 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
+75.2% +14.9%
93.0 81.0 53.1 Operating profit
from loss -72.9%
4.2 15.3 -47.1 OPM %
+9320 bps -1444 bps
4.5% 18.9% -88.7% Other income
+272.3% +539.4%
10.9 1.7 2.9 Net profit
from loss -36.9%
2.9 4.7 -56.1 PAT margin %
— -260 bps
3.2% 5.8% — EPS (₹)
from loss -37.7%
0.43 0.69 -8.32
Quality of profit
Pre-tax profit ₹2.9 Cr: core business −₹7.9 Cr, other income ₹10.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹11.0 Cr.
Borrowings ₹219 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹36.8 ₹93.0
+152.6% above
M Cap ₹1,420 Cr
P/E 38.3
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 224 bps YoY 80% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.3% +5.5%
287 272 265 Operating profit
+39.2% -4.1%
29.0 30.3 20.8 OPM %
+224 bps -101 bps
10.1% 11.1% 7.9% Other income
+50.4% +10.7%
8.0 7.2 5.3 Net profit?
from loss —
18.0 1.3 -12.2 PAT margin %
+1087 bps +580 bps
6.3% 0.5% -4.6% EPS (₹)
from loss —
1.70 0.12 -1.13
Quality of profit
Pre-tax profit ₹10.0 Cr: core business ₹2.0 Cr, other income ₹8.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹0.0 Cr:
0% of FY26 net profit of ₹34.2 Cr.
Borrowings ₹595 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹282 ₹287
+1.7% in line
Profit +51% above its own trend Operating margin contracted 103 bps YoY 63% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +21%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+17.8% +53.0%
592 387 502 Operating profit
-6.5% -4.5%
23.6 24.7 25.2 OPM %
-103 bps -240 bps
4.0% 6.4% 5.0% Other income
-40.7% +13.7%
11.6 10.2 19.6 Net profit?
-3.7% +36.8%
26.0 19.0 27.0 PAT margin %
-98 bps -52 bps
4.4% 4.9% 5.4% EPS (₹)
-3.7% +39.5%
4.13 2.96 4.29
Quality of profit
Pre-tax profit ₹32.0 Cr: core business ₹11.8 Cr, other income ₹11.6 Cr, exceptional & other items ₹8.6 Cr.
Core profit YoY: +20.8%
· reported profit -3.7%
Cash & debt
FY26 cash from operations ₹92.0 Cr:
112% of FY26 net profit of ₹82.4 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹455 ₹592
+30.2% above Net profit ₹17.2 ₹26.0
+51.2% above
M Cap ₹1,394 Cr
P/E 109.8
PEG —
Profit +320% above its own trend Operating margin expanded 7645 bps YoY 52% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+30.8% +38.0%
8.5 6.2 6.5 Operating profit
from loss +6.3%
2.5 2.4 -3.0 OPM %
+7645 bps -894 bps
29.9% 38.9% -46.5% Other income
-35.1% -30.0%
2.2 3.2 3.4 Net profit
+362.5% -50.1%
2.2 4.5 0.5 PAT margin %
+1875 bps -4621 bps
26.1% 72.4% 7.4% EPS (₹)
+200.0% -50.0%
0.03 0.06 0.01
Quality of profit
Pre-tax profit ₹4.3 Cr: core business ₹2.1 Cr, other income ₹2.2 Cr.
Core profit YoY: from loss
· reported profit +362.5%
Against its own trend ?
Trend Actual Gap
Sales ₹4.0 ₹8.5
+114.1% above Net profit ₹0.5 ₹2.2
+319.7% above
M Cap ₹1,373 Cr
P/E 169.2
PEG —
Operating margin contracted 431 bps YoY 43% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-9.5% +18.2%
23.9 20.3 26.5 Operating profit
-39.4% +143.0%
2.1 0.9 3.5 OPM %
-431 bps +448 bps
8.7% 4.2% 13.0% Other income
+89.3% +152.4%
1.1 0.4 0.6 Net profit
-45.5% +215.9%
1.4 0.4 2.5 PAT margin %
-383 bps +363 bps
5.8% 2.2% 9.6% EPS (₹)
-48.5% +183.3%
0.17 0.06 0.33
Quality of profit
Pre-tax profit ₹2.5 Cr: core business ₹1.4 Cr, other income ₹1.1 Cr.
Core profit YoY: -49.3%
· reported profit -45.5%
M Cap ₹1,368 Cr
P/E 9.9
PEG —
Profit +56% above its own trend 29% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +16%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.7% +2.4%
286 279 256 Operating profit
+7.5% -6.7%
43.0 46.1 40.0 OPM %
-59 bps -146 bps
15.0% 16.5% 15.6% Other income
+200.0% +44.4%
15.0 10.4 5.0 Net profit?
+75.0% +89.8%
42.0 22.1 24.0 PAT margin %
+531 bps +676 bps
14.7% 7.9% 9.4% EPS (₹)
+73.0% +88.3%
26.85 14.26 15.52
Quality of profit
Pre-tax profit ₹51.0 Cr: core business ₹36.0 Cr, other income ₹15.0 Cr.
Core profit YoY: +16.1%
· reported profit +75.0%
Cash & debt
FY26 cash from operations ₹119 Cr:
96% of FY26 net profit of ₹124 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹271 ₹286
+5.7% above Net profit ₹27.0 ₹42.0
+55.6% above
M Cap ₹1,347 Cr
P/E 7.5
PEG 0.63
Turnaround: profit against a loss a year ago Operating margin expanded 2386 bps YoY 42% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-1.9% -1.0%
472 477 481 Operating profit
from loss -33.3%
47.6 71.4 -66.2 OPM %
+2386 bps -489 bps
10.1% 15.0% -13.8% Other income
-60.7% -52.0%
13.4 27.9 34.1 Net profit?
from loss -89.0%
6.1 55.2 -51.5 PAT margin %
+1198 bps -1029 bps
1.3% 11.6% -10.7% EPS (₹)
from loss -68.7%
0.78 2.49 -0.72
Quality of profit
Pre-tax profit ₹32.3 Cr: core business ₹18.9 Cr, other income ₹13.4 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹269 Cr:
145% of FY26 net profit of ₹185 Cr.
Borrowings ₹110 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹476 ₹472
-0.8% in line
M Cap ₹1,345 Cr
P/E 1.2
PEG 0.08
Turnaround: profit against a loss a year ago Operating margin expanded 150 bps YoY All of pre-tax profit came from other income or one-off items Exceptional items of ₹-1,198 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-2.0% -5.8%
330 351 337 Operating profit
+8.8% -47.4%
49.8 94.5 45.7 OPM %
+150 bps -1190 bps
15.1% 27.0% 13.6% Other income
+331.8% +84.5%
15.1 8.2 3.5 Net profit
from loss —
1,186 19.6 -249 EPS (₹)
from loss —
0.91 0.01 -0.19
Quality of profit
Pre-tax profit ₹1,186 Cr: core business −₹27.7 Cr, other income ₹15.1 Cr, exceptional & other items ₹1,198 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹535 Cr:
69% of FY26 net profit of ₹779 Cr.
Borrowings ₹5,898 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹346 ₹330
-4.5% in line
M Cap ₹1,304 Cr
P/E 8.8
PEG —
Profit -30% below its own trend Operating margin contracted 509 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
-3.0% -4.2%
241 251 248 Operating profit
-46.1% +16.9%
15.3 13.1 28.4 OPM %
-509 bps +115 bps
6.4% 5.2% 11.5% Other income
-21.1% -9.3%
52.9 58.4 67.1 Net profit?
-39.1% -9.8%
36.4 40.4 59.9 PAT margin %
-899 bps -95 bps
15.1% 16.1% 24.1% EPS (₹)
-37.7% +1.3%
0.81 0.80 1.30
Quality of profit
Pre-tax profit ₹49.2 Cr: core business −₹5.7 Cr, other income ₹52.9 Cr, exceptional & other items ₹2.0 Cr.
Core profit YoY: to loss
· reported profit -39.1%
Cash & debt
FY26 cash from operations −₹17.0 Cr:
-10% of FY26 net profit of ₹165 Cr.
Borrowings ₹20.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹239 ₹241
+0.5% in line Net profit ₹52.1 ₹36.4
-30.1% below
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
from loss +262.7%
302 83.4 -16.0 Operating profit
from loss from loss 1.7 -17.6 -23.9 OPM %
— +2162 bps
0.6% -21.1% — Other income
+76.2% -66.5%
9.5 28.2 5.4 Net profit?
from loss +4.4%
6.2 5.9 -18.3 PAT margin %
— -505 bps
2.0% 7.1% — EPS (₹)
from loss +3.9%
0.80 0.77 -2.38
Quality of profit
Pre-tax profit ₹9.0 Cr: core business −₹0.5 Cr, other income ₹9.5 Cr.
Core profit YoY: loss narrowed
M Cap ₹1,292 Cr
P/E 30.7
PEG 1.62
Profit -57% below its own trend Operating margin contracted 890 bps YoY 93% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -79%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.0% +6.1%
66.9 63.1 64.3 Operating profit
-28.8% +3.4%
12.9 12.5 18.1 OPM %
-890 bps -51 bps
19.3% 19.8% 28.2% Other income
+293.7% +174.6%
16.3 6.0 4.2 Net profit
-57.2% -49.2%
6.4 12.5 14.9 PAT margin %
-1362 bps -1034 bps
9.5% 19.9% 23.1% EPS (₹)
-57.2% -49.2%
11.03 21.70 25.78
Quality of profit
Pre-tax profit ₹50.4 Cr: core business ₹3.3 Cr, other income ₹16.3 Cr, exceptional & other items ₹30.7 Cr.
Core profit YoY: -78.7%
· reported profit -57.2%
Cash & debt
FY26 cash from operations ₹22.0 Cr:
57% of FY26 net profit of ₹38.7 Cr.
Borrowings ₹4.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹55.7 ₹66.9
+20.1% above Net profit ₹14.7 ₹6.4
-56.8% below
M Cap ₹1,280 Cr
P/E 78.1
PEG 2.44
Profit -12% below its own trend Operating margin contracted 188 bps YoY 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.3% +4.6%
226 216 189 Operating profit
-2.2% -5.5%
19.3 20.4 19.7 OPM %
-188 bps -91 bps
8.5% 9.4% 10.4% Other income
+141.9% +837.5%
0.8 0.1 0.3 Net profit
-48.0% -54.6%
1.6 3.5 3.1 PAT margin %
-91 bps -92 bps
0.7% 1.6% 1.6% EPS (₹)
-47.4% -54.1%
0.51 1.11 0.97
Quality of profit
Pre-tax profit ₹2.8 Cr: core business ₹2.0 Cr, other income ₹0.8 Cr.
Core profit YoY: -45.5%
· reported profit -48.0%
Cash & debt
FY26 cash from operations ₹94.0 Cr:
774% of FY26 net profit of ₹12.1 Cr.
Borrowings ₹145 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹184 ₹226
+22.9% above Net profit ₹1.8 ₹1.6
-11.8% below
M Cap ₹1,270 Cr
P/E 13.0
PEG 0.87
Profit +28% 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 +8%) FY26 operating cash flow was only 5% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.7% -8.7%
211 231 189 Operating profit
+6.1% -4.3%
17.0 17.8 16.0 OPM %
-43 bps +36 bps
8.1% 7.7% 8.5% Other income
+10.8% +199.0%
18.0 6.0 16.2 Net profit
+37.9% +92.1%
33.0 17.2 23.9 PAT margin %
+297 bps +820 bps
15.6% 7.4% 12.7% EPS (₹)
+39.8% +94.7%
26.81 13.77 19.18
Quality of profit
Pre-tax profit ₹34.0 Cr: core business ₹17.0 Cr, other income ₹18.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +8.2%
· reported profit +37.9%
Cash & debt
FY26 cash from operations ₹5.0 Cr:
5% of FY26 net profit of ₹96.1 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹198 ₹211
+6.4% above Net profit ₹25.9 ₹33.0
+27.5% above
M Cap ₹1,267 Cr
P/E 23.2
PEG —
Operating margin expanded 163 bps YoY 28% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +86%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.9% +37.1%
218 159 204 Operating profit
+23.8% +100.0%
26.0 13.0 21.0 OPM %
+163 bps +375 bps
11.9% 8.2% 10.3% Other income
+400.0% -28.6%
5.0 7.0 1.0 Net profit?
+300.0% +300.0%
16.0 4.0 4.0 PAT margin %
+538 bps +482 bps
7.3% 2.5% 2.0% EPS (₹)
+274.0% +331.5%
5.61 1.30 1.50
Quality of profit
Pre-tax profit ₹18.0 Cr: core business ₹13.0 Cr, other income ₹5.0 Cr.
Core profit YoY: +85.7%
· reported profit +300.0%
Cash & debt
FY26 cash from operations ₹92.0 Cr:
277% of FY26 net profit of ₹33.2 Cr.
Borrowings ₹256 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹218 ₹218
+0.1% in line
M Cap ₹1,258 Cr
P/E 13.1
PEG 0.01
Profit +58% above its own trend 31% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +41%) FY26 operating cash flow was only 7% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+28.2% +4.3%
364 349 284 Operating profit
+32.3% +28.1%
41.0 32.0 31.0 OPM %
+35 bps +209 bps
11.3% 9.2% 10.9% Other income
— +450.0%
11.0 2.0 1.0 Net profit
+100.0% +115.4%
28.0 13.0 14.0 PAT margin %
+276 bps +397 bps
7.7% 3.7% 4.9% EPS (₹)
+94.0% +109.4%
2.89 1.38 1.49
Quality of profit
Pre-tax profit ₹35.0 Cr: core business ₹24.0 Cr, other income ₹11.0 Cr.
Core profit YoY: +41.2%
· reported profit +100.0%
Cash & debt
FY26 cash from operations ₹5.0 Cr:
7% of FY26 net profit of ₹70.5 Cr.
Borrowings ₹134 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹298 ₹364
+22.0% above Net profit ₹17.7 ₹28.0
+58.3% above
M Cap ₹1,243 Cr
P/E 35.6
PEG 0.53
25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+43.2% -3.3%
295 305 206 Operating profit
+45.5% -5.9%
16.0 17.0 11.0 OPM %
+8 bps -15 bps
5.4% 5.6% 5.3% Other income
-66.7% +0.0%
1.0 1.0 3.0 Net profit
+0.4% +133.3%
14.0 6.0 13.9 PAT margin %
-202 bps +278 bps
4.7% 2.0% 6.8% EPS (₹)
+0.0% +127.3%
0.25 0.11 0.25
Quality of profit
Pre-tax profit ₹8.0 Cr: core business ₹6.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +20.0%
· reported profit +0.4%
Cash & debt
FY26 cash from operations ₹119 Cr:
350% of FY26 net profit of ₹34.0 Cr.
Borrowings ₹222 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹270 ₹295
+9.4% above
M Cap ₹1,242 Cr
P/E 22.9
PEG 0.69
Profit +181% above its own trend Operating margin contracted 503 bps YoY 35% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +83%) FY26 operating cash flow was only 42% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+82.2% +84.7%
109 59.0 59.8 Operating profit
+33.4% +7.1%
15.0 14.0 11.2 OPM %
-503 bps -997 bps
13.8% 23.7% 18.8% Other income
+720.4% +133.3%
7.0 3.0 0.9 Net profit?
+146.8% +41.7%
17.0 12.0 6.9 PAT margin %
+408 bps -474 bps
15.6% 20.3% 11.5% EPS (₹)
+149.7% +47.8%
11.56 7.82 4.63
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: +83.3%
· reported profit +146.8%
Cash & debt
FY26 cash from operations ₹20.0 Cr:
42% of FY26 net profit of ₹48.0 Cr.
Borrowings ₹5.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹66.2 ₹109
+64.7% above Net profit ₹6.1 ₹17.0
+180.7% above
M Cap ₹1,237 Cr
P/E 25.3
PEG 1.15
Profit +47% above its own trend 40% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +25%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+12.1% +23.3%
250 203 223 Operating profit
+22.2% +16.1%
22.0 18.9 18.0 OPM %
+73 bps -54 bps
8.8% 9.3% 8.1% Other income
+900.0% —
10.0 0.5 1.0 Net profit?
+63.6% +83.4%
18.0 9.8 11.0 PAT margin %
+227 bps +236 bps
7.2% 4.8% 4.9% EPS (₹)
+65.4% +83.4%
7.08 3.86 4.28
Quality of profit
Pre-tax profit ₹25.0 Cr: core business ₹15.0 Cr, other income ₹10.0 Cr.
Core profit YoY: +25.0%
· reported profit +63.6%
Cash & debt
FY26 cash from operations ₹53.0 Cr:
180% of FY26 net profit of ₹29.4 Cr.
Borrowings ₹185 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹279 ₹250
-10.4% below Net profit ₹12.3 ₹18.0
+46.5% above
M Cap ₹1,232 Cr
P/E 6.0
PEG —
Profit -14% below its own trend Operating margin expanded 283 bps YoY 35% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +93%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-22.6% -24.5%
584 774 754 Operating profit
+22.3% -46.4%
45.0 84.0 36.8 OPM %
+283 bps -315 bps
7.7% 10.9% 4.9% Other income
+11.6% +33.3%
16.0 12.0 14.3 Net profit?
+48.9% -46.3%
29.0 54.0 19.5 PAT margin %
+238 bps -201 bps
5.0% 7.0% 2.6% EPS (₹)
+51.0% -45.5%
1.45 2.66 0.96
Quality of profit
Pre-tax profit ₹46.0 Cr: core business ₹30.0 Cr, other income ₹16.0 Cr.
Core profit YoY: +92.7%
· reported profit +48.9%
Cash & debt
FY26 cash from operations ₹395 Cr:
187% of FY26 net profit of ₹211 Cr.
Borrowings ₹703 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹975 ₹584
-40.1% below Net profit ₹33.9 ₹29.0
-14.4% 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
