5,116 companies have declared Q4 FY26 results so far, the latest on 15 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.
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | — | — | 0.0 | 0.0 | 0.0 |
| Operating profit | loss widened | loss widened | -0.2 | -0.1 | -0.0 |
| Other income | +500.0% | — | 0.1 | 0.0 | 0.0 |
| Net profit? | loss widened | loss widened | -0.1 | -0.1 | -0.0 |
| EPS (₹) | — | — | -0.01 | -0.01 | 0.00 |
Pre-tax profit −₹0.1 Cr: core business −₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: loss widened
FY26 cash from operations −₹0.3 Cr.
Borrowings ₹563 Cr at Mar 2026.
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | — | — | 0.0 | 0.0 | 0.0 |
| Operating profit | loss widened | — | -0.1 | -0.1 | -0.1 |
| Other income | — | — | 0.0 | 0.0 | 0.0 |
| Net profit | loss widened | — | -0.1 | -0.1 | -0.1 |
| EPS (₹) | loss widened | — | -0.08 | -0.08 | -0.07 |
Pre-tax profit −₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.0 Cr.
Core profit YoY: loss widened
FY26 cash from operations −₹0.3 Cr.
Borrowings ₹14.3 Cr at Mar 2026.
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +76.9% | +33.1% | 73.6 | 55.3 | 41.6 |
| Operating profit | -96.6% | -90.5% | 0.1 | 0.8 | 2.4 |
| OPM % | -562 bps | -141 bps | 0.1% | 1.5% | 5.7% |
| Other income | -63.8% | -16.0% | 1.1 | 1.3 | 3.0 |
| Net profit | -83.7% | -63.2% | 0.6 | 1.6 | 3.7 |
| PAT margin % | -806 bps | -213 bps | 0.8% | 2.9% | 8.9% |
| EPS (₹) | -83.7% | -63.2% | 0.77 | 2.09 | 4.73 |
Pre-tax profit ₹0.9 Cr: core business −₹0.2 Cr, other income ₹1.1 Cr.
Core profit YoY: to loss · reported profit -83.7%
FY26 cash from operations ₹16.0 Cr: 233% of FY26 net profit of ₹6.9 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹47.7 | ₹73.6 | +54.3% above |
| Net profit | ₹5.0 | ₹0.6 | -87.9% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | -48.5% | -44.9% | 0.9 | 1.6 | 1.7 |
| Operating profit | loss widened | loss widened | -0.1 | -0.1 | -0.1 |
| OPM % | -571 bps | -546 bps | -9.3% | -3.8% | -3.6% |
| Other income | -50.0% | -91.3% | 0.0 | 0.2 | 0.0 |
| Net profit | loss widened | to loss | -0.1 | 0.1 | -0.0 |
| PAT margin % | -694 bps | -1711 bps | -8.1% | 9.0% | -1.2% |
| EPS (₹) | loss widened | to loss | -0.14 | 0.28 | -0.04 |
Pre-tax profit −₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.0 Cr.
Core profit YoY: loss widened
FY26 cash from operations −₹2.3 Cr: -1205% of FY26 net profit of ₹0.2 Cr.
Borrowings nil at Mar 2026.
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | -1.1% | +0.5% | 28.2 | 28.1 | 28.5 |
| Operating profit | -100.0% | -100.0% | 0.0 | 1.1 | 1.1 |
| OPM % | -393 bps | -410 bps | 0.0% | 4.1% | 3.9% |
| Other income | +3.7% | — | 0.3 | 0.0 | 0.3 |
| Net profit? | to loss | to loss | -0.2 | 0.4 | 0.2 |
| PAT margin % | -148 bps | -213 bps | -0.7% | 1.4% | 0.7% |
| EPS (₹) | to loss | to loss | -0.25 | 0.47 | 0.25 |
Pre-tax profit −₹0.5 Cr: core business −₹0.8 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
FY26 cash from operations ₹4.0 Cr.
Borrowings ₹14.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹30.0 | ₹28.2 | -6.0% below |
| Net profit | ₹0.4 | −₹0.2 | -159.3% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | -47.4% | -97.5% | 0.2 | 8.0 | 0.4 |
| Operating profit | to loss | to loss | -0.0 | 5.5 | 0.2 |
| OPM % | -6526 bps | -7906 bps | -10.0% | 69.1% | 55.3% |
| Other income | +100.0% | +71.4% | 0.1 | 0.1 | 0.1 |
| Net profit? | -87.5% | -99.5% | 0.0 | 5.6 | 0.2 |
| PAT margin % | -4816 bps | -5494 bps | 15.0% | 69.9% | 63.2% |
| EPS (₹) | -100.0% | -100.0% | 0.00 | 0.37 | 0.02 |
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss · reported profit -87.5%
FY26 cash from operations ₹0.8 Cr: 13% of FY26 net profit of ₹5.7 Cr.
Borrowings nil at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹0.5 | ₹0.2 | -59.7% below |
| Net profit | ₹0.3 | ₹0.0 | -90.8% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +88.7% | +269.2% | 59.9 | 16.2 | 31.7 |
| Operating profit | -3.9% | +28.1% | 2.5 | 1.9 | 2.6 |
| OPM % | -396 bps | -773 bps | 4.1% | 11.8% | 8.1% |
| Other income | -33.3% | +300.0% | 0.1 | 0.0 | 0.2 |
| Net profit | -47.3% | +176.2% | 0.6 | 0.2 | 1.1 |
| PAT margin % | -250 bps | -33 bps | 1.0% | 1.3% | 3.5% |
| EPS (₹) | -47.3% | +176.0% | 1.38 | 0.50 | 2.62 |
Pre-tax profit ₹0.6 Cr: core business ₹0.5 Cr, other income ₹0.1 Cr.
Core profit YoY: +14.0% · reported profit -47.3%
FY26 cash from operations ₹20.0 Cr: 435% of FY26 net profit of ₹4.6 Cr.
Borrowings ₹35.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹59.1 | ₹59.9 | +1.2% in line |
| Net profit | ₹2.2 | ₹0.6 | -73.6% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | -18.7% | -11.2% | 14.9 | 16.8 | 18.3 |
| Operating profit | +109.4% | from loss | 1.1 | -2.0 | 0.5 |
| OPM % | +457 bps | +1934 bps | 7.5% | -11.9% | 2.9% |
| Other income | -73.3% | +60.0% | 0.1 | 0.1 | 0.3 |
| Net profit | loss widened | loss widened | -5.1 | -3.1 | -0.6 |
| PAT margin % | -3074 bps | -1580 bps | -34.1% | -18.3% | -3.3% |
| EPS (₹) | loss widened | loss widened | -11.79 | -7.12 | -1.42 |
Pre-tax profit −₹0.2 Cr: core business −₹0.3 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
FY26 cash from operations ₹13.5 Cr.
Borrowings ₹48.9 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹17.9 | ₹14.9 | -17.0% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | -100.0% | — | 0.0 | 0.0 | 122 |
| Operating profit | to loss | loss widened | -1.8 | -0.4 | 0.3 |
| Other income | -76.6% | — | 0.6 | 0.0 | 2.4 |
| Net profit | to loss | loss widened | -1.3 | -0.4 | 2.0 |
| EPS (₹) | to loss | loss widened | -0.13 | -0.04 | 0.20 |
Pre-tax profit −₹1.3 Cr: core business −₹1.9 Cr, other income ₹0.6 Cr.
Core profit YoY: to loss
FY26 cash from operations ₹5.9 Cr.
Borrowings ₹81.4 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹61.1 | ₹0.0 | -100.0% below |
| Net profit | ₹1.1 | −₹1.3 | -216.0% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +3.9% | +4.1% | 67.9 | 65.3 | 65.4 |
| Operating profit | -86.9% | -68.4% | 0.6 | 1.9 | 4.6 |
| OPM % | -611 bps | -203 bps | 0.9% | 2.9% | 7.0% |
| Other income | +106.8% | +378.9% | 0.9 | 0.2 | 0.4 |
| Net profit? | to loss | loss widened | -3.0 | -2.2 | 0.2 |
| PAT margin % | -466 bps | -105 bps | -4.4% | -3.3% | 0.3% |
| EPS (₹) | to loss | loss widened | -6.94 | -5.06 | 0.47 |
Pre-tax profit −₹3.7 Cr: core business −₹4.6 Cr, other income ₹0.9 Cr.
Core profit YoY: loss widened
FY26 cash from operations ₹13.0 Cr.
Borrowings ₹139 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹64.9 | ₹67.9 | +4.6% in line |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | -46.7% | +600.0% | 0.5 | 0.1 | 0.9 |
| Operating profit | loss widened | loss narrowed | -0.1 | -0.1 | -0.0 |
| OPM % | -2136 bps | — | -22.4% | — | -1.1% |
| Other income | — | — | 0.4 | 0.0 | 0.0 |
| Net profit | to loss | loss widened | -0.8 | -0.7 | 0.5 |
| EPS (₹) | to loss | loss widened | -1.95 | -1.77 | 1.32 |
Pre-tax profit −₹0.8 Cr: core business −₹1.1 Cr, other income ₹0.4 Cr.
Core profit YoY: to loss
FY26 cash from operations −₹0.3 Cr.
Borrowings ₹18.6 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹0.9 | ₹0.5 | -43.1% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +15.1% | +3.8% | 10.0 | 9.7 | 8.7 |
| Operating profit | loss widened | to loss | -0.1 | 0.0 | -0.1 |
| OPM % | -0 bps | -160 bps | -1.5% | 0.1% | -1.5% |
| Other income | -19.8% | +58.5% | 0.7 | 0.4 | 0.8 |
| Net profit? | -42.6% | +21.9% | 0.4 | 0.3 | 0.7 |
| PAT margin % | -391 bps | +58 bps | 3.9% | 3.3% | 7.8% |
| EPS (₹) | -42.7% | +21.3% | 1.14 | 0.94 | 1.99 |
Pre-tax profit ₹0.4 Cr: core business −₹0.2 Cr, other income ₹0.7 Cr.
Core profit YoY: loss widened · reported profit -42.6%
FY26 cash from operations ₹0.3 Cr: 16% of FY26 net profit of ₹1.8 Cr.
Borrowings ₹0.2 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹10.1 | ₹10.0 | -0.1% in line |
| Net profit | ₹0.6 | ₹0.4 | -38.8% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +18.7% | +97.0% | 21.9 | 11.1 | 18.5 |
| Operating profit | +12.9% | +120.7% | 1.9 | 0.9 | 1.7 |
| OPM % | -45 bps | +94 bps | 8.8% | 7.8% | 9.2% |
| Other income | +77.8% | +14.3% | 0.2 | 0.1 | 0.1 |
| Net profit | +22.9% | +268.7% | 1.2 | 0.3 | 1.0 |
| PAT margin % | +19 bps | +251 bps | 5.4% | 2.9% | 5.2% |
| EPS (₹) | +23.3% | +267.3% | 1.80 | 0.49 | 1.46 |
Pre-tax profit ₹1.6 Cr: core business ₹1.5 Cr, other income ₹0.2 Cr.
Core profit YoY: +26.5% · reported profit +22.9%
FY26 cash from operations −₹1.2 Cr: -51% of FY26 net profit of ₹2.4 Cr.
Borrowings ₹21.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹18.6 | ₹21.9 | +17.6% above |
| Net profit | ₹1.1 | ₹1.2 | +7.3% in line |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +5.5% | +1.1% | 126 | 124 | 119 |
| Operating profit | -7.8% | -4.5% | 6.8 | 7.1 | 7.3 |
| OPM % | -78 bps | -31 bps | 5.4% | 5.7% | 6.2% |
| Other income | +20.3% | from loss | 1.7 | -6.1 | 1.4 |
| Net profit? | -13.6% | from loss | 4.7 | -1.8 | 5.5 |
| PAT margin % | -83 bps | +522 bps | 3.7% | -1.5% | 4.6% |
| EPS (₹) | -32.7% | from loss | 1.07 | -0.52 | 1.59 |
Pre-tax profit ₹5.5 Cr: core business ₹3.8 Cr, other income ₹1.7 Cr.
Core profit YoY: -20.8% · reported profit -13.6%
FY26 cash from operations ₹14.0 Cr: 214% of FY26 net profit of ₹6.5 Cr.
Borrowings ₹80.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹130 | ₹126 | -3.7% in line |
| Net profit | ₹10.9 | ₹4.7 | -56.8% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +4.1% | +7.9% | 30.8 | 28.5 | 29.6 |
| Operating profit | +239.6% | -12.6% | 1.8 | 2.1 | 0.5 |
| OPM % | +405 bps | -137 bps | 5.8% | 7.2% | 1.8% |
| Other income | -17.1% | — | 0.9 | 0.1 | 1.1 |
| Net profit? | +34.8% | +23.7% | 1.2 | 1.0 | 0.9 |
| PAT margin % | +89 bps | +50 bps | 3.9% | 3.4% | 3.0% |
| EPS (₹) | +34.8% | +23.7% | 3.45 | 2.79 | 2.56 |
Pre-tax profit ₹2.2 Cr: core business ₹1.3 Cr, other income ₹0.9 Cr.
Core profit YoY: from loss · reported profit +34.8%
FY26 cash from operations ₹6.0 Cr: 124% of FY26 net profit of ₹4.8 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹33.7 | ₹30.8 | -8.7% below |
| Net profit | ₹1.0 | ₹1.2 | +14.8% above |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +38.1% | +107.1% | 29.0 | 14.0 | 21.0 |
| Operating profit | +62.5% | +333.3% | 13.0 | 3.0 | 8.0 |
| OPM % | +673 bps | +2340 bps | 44.8% | 21.4% | 38.1% |
| Other income | +0.0% | +0.0% | 1.0 | 1.0 | 1.0 |
| Net profit | +66.7% | +400.0% | 10.0 | 2.0 | 6.0 |
| PAT margin % | +591 bps | +2020 bps | 34.5% | 14.3% | 28.6% |
| EPS (₹) | +60.7% | +350.1% | 20.84 | 4.63 | 12.97 |
Pre-tax profit ₹14.0 Cr: core business ₹13.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +62.5% · reported profit +66.7%
FY26 cash from operations ₹11.0 Cr: 55% of FY26 net profit of ₹20.0 Cr.
Borrowings nil at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹17.5 | ₹29.0 | +65.8% above |
| Net profit | ₹4.8 | ₹10.0 | +110.5% above |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | — | — | 0.0 | 0.0 | 0.0 |
| Operating profit | loss widened | loss widened | -0.6 | -0.2 | -0.2 |
| Other income | -50.0% | -90.9% | 0.0 | 0.1 | 0.0 |
| Net profit | loss widened | loss widened | -0.5 | -0.1 | -0.2 |
| EPS (₹) | loss widened | loss widened | -4.78 | -1.19 | -1.99 |
Pre-tax profit −₹0.6 Cr: core business −₹0.6 Cr, other income ₹0.0 Cr.
Core profit YoY: loss widened
FY26 cash from operations ₹14.0 Cr: 227% of FY26 net profit of ₹6.2 Cr.
Borrowings nil at Mar 2026.
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | — | — | 0.2 | 0.0 | 0.0 |
| Operating profit | loss narrowed | loss narrowed | -0.1 | -0.1 | -0.2 |
| OPM % | — | — | -29.4% | — | — |
| Other income | +166.7% | — | 0.1 | 0.0 | 0.0 |
| Net profit | from loss | from loss | 0.0 | -0.1 | -0.2 |
| PAT margin % | — | — | 17.6% | — | — |
| EPS (₹) | from loss | from loss | 0.10 | -0.50 | -0.53 |
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
FY26 cash from operations −₹0.7 Cr.
Borrowings ₹3.7 Cr at Mar 2026.
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | -32.9% | -28.1% | 5.9 | 8.3 | 8.8 |
| Operating profit | -34.1% | -33.5% | 1.5 | 2.3 | 2.3 |
| OPM % | -45 bps | -206 bps | 25.4% | 27.5% | 25.9% |
| Other income | -20.0% | -42.9% | 0.2 | 0.3 | 0.2 |
| Net profit | -63.3% | -56.1% | 0.4 | 0.8 | 1.0 |
| PAT margin % | -501 bps | -387 bps | 6.1% | 9.9% | 11.1% |
| EPS (₹) | -64.3% | -58.3% | 0.05 | 0.12 | 0.14 |
Pre-tax profit ₹0.5 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.
Core profit YoY: -69.8% · reported profit -63.3%
FY26 cash from operations ₹0.1 Cr: 2% of FY26 net profit of ₹5.2 Cr.
Borrowings ₹32.7 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹11.9 | ₹5.9 | -50.1% below |
| Net profit | ₹2.0 | ₹0.4 | -81.6% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +48.8% | +20.4% | 189 | 157 | 127 |
| Operating profit | +5.6% | +5.6% | 38.0 | 36.0 | 36.0 |
| OPM % | -824 bps | -282 bps | 20.1% | 22.9% | 28.3% |
| Other income | +600.0% | +250.0% | 7.0 | 2.0 | 1.0 |
| Net profit? | +25.0% | +8.7% | 25.0 | 23.0 | 20.0 |
| PAT margin % | -252 bps | -142 bps | 13.2% | 14.6% | 15.7% |
| EPS (₹) | +9.1% | +5.2% | 4.69 | 4.46 | 4.30 |
Pre-tax profit ₹37.0 Cr: core business ₹30.0 Cr, other income ₹7.0 Cr.
Core profit YoY: +7.1% · reported profit +25.0%
FY26 cash from operations −₹18.0 Cr: -19% of FY26 net profit of ₹96.0 Cr.
Borrowings ₹90.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹186 | ₹189 | +1.4% in line |
| Net profit | ₹32.8 | ₹25.0 | -23.9% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +22.2% | +15.0% | 66.2 | 57.5 | 54.2 |
| Operating profit | -58.0% | — | 2.6 | 0.0 | 6.3 |
| OPM % | -758 bps | +396 bps | 4.0% | 0.0% | 11.6% |
| Other income | +340.0% | +5.8% | 4.2 | 4.0 | 0.9 |
| Net profit? | -39.2% | +47.7% | 2.2 | 1.5 | 3.7 |
| PAT margin % | -341 bps | +75 bps | 3.4% | 2.6% | 6.8% |
| EPS (₹) | -41.1% | +50.0% | 0.33 | 0.22 | 0.56 |
Pre-tax profit ₹3.9 Cr: core business −₹0.3 Cr, other income ₹4.2 Cr.
Core profit YoY: to loss · reported profit -39.2%
FY26 cash from operations ₹22.0 Cr: 195% of FY26 net profit of ₹11.3 Cr.
Borrowings ₹53.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹58.5 | ₹66.2 | +13.2% above |
| Net profit | ₹7.3 | ₹2.2 | -69.6% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +1.4% | +7.2% | 53.2 | 49.7 | 52.5 |
| Operating profit | -18.8% | -14.5% | 12.2 | 14.2 | 15.0 |
| OPM % | -568 bps | -578 bps | 22.8% | 28.6% | 28.5% |
| Other income | -8.5% | +453.1% | 3.5 | 0.6 | 3.9 |
| Net profit | -19.3% | +11.7% | 9.2 | 8.2 | 11.3 |
| PAT margin % | -440 bps | +70 bps | 17.2% | 16.5% | 21.6% |
| EPS (₹) | -19.3% | +11.7% | 20.83 | 18.64 | 25.82 |
Pre-tax profit ₹12.0 Cr: core business ₹8.5 Cr, other income ₹3.5 Cr.
Core profit YoY: -25.9% · reported profit -19.3%
FY26 cash from operations ₹42.0 Cr: 101% of FY26 net profit of ₹41.4 Cr.
Borrowings nil at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹61.4 | ₹53.2 | -13.3% below |
| Net profit | ₹13.3 | ₹9.2 | -31.2% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | -24.4% | +21.2% | 38.8 | 32.0 | 51.3 |
| Operating profit | +41.2% | from loss | 5.5 | -14.3 | 3.9 |
| OPM % | +666 bps | +5922 bps | 14.3% | -44.9% | 7.7% |
| Other income | -42.9% | +100.0% | 0.0 | 0.0 | 0.1 |
| Net profit | +460.0% | from loss | 3.4 | -12.2 | 0.6 |
| PAT margin % | +750 bps | +4691 bps | 8.7% | -38.2% | 1.2% |
| EPS (₹) | +468.8% | from loss | 0.91 | -3.31 | 0.16 |
Pre-tax profit ₹3.3 Cr: core business ₹3.3 Cr, other income ₹0.0 Cr.
Core profit YoY: +346.6% · reported profit +460.0%
FY26 cash from operations −₹5.0 Cr.
Borrowings ₹54.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹98.8 | ₹38.8 | -60.8% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +19.2% | +133.7% | 8.4 | 3.6 | 7.0 |
| Operating profit | +67.1% | +140.0% | 1.3 | 0.6 | 0.8 |
| OPM % | +451 bps | +41 bps | 15.7% | 15.3% | 11.2% |
| Other income | -87.9% | -20.0% | 0.0 | 0.1 | 0.3 |
| Net profit | -4.2% | +106.1% | 0.7 | 0.3 | 0.7 |
| PAT margin % | -198 bps | -109 bps | 8.1% | 9.2% | 10.1% |
| EPS (₹) | -3.8% | +105.5% | 1.50 | 0.73 | 1.56 |
Pre-tax profit ₹1.0 Cr: core business ₹1.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +53.1% · reported profit -4.2%
FY26 cash from operations ₹5.1 Cr: 381% of FY26 net profit of ₹1.3 Cr.
Borrowings ₹4.1 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹5.6 | ₹8.4 | +49.9% above |
| Net profit | ₹0.4 | ₹0.7 | +83.3% above |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +17.7% | +4.1% | 37.8 | 36.3 | 32.1 |
| Operating profit | from loss | -70.7% | 1.1 | 3.8 | -4.9 |
| OPM % | +1805 bps | -745 bps | 2.9% | 10.4% | -15.1% |
| Other income | from loss | +87.9% | 1.2 | 0.7 | -5.0 |
| Net profit | from loss | -71.9% | 1.1 | 3.9 | -25.2 |
| PAT margin % | +8154 bps | -781 bps | 2.9% | 10.7% | -78.7% |
| EPS (₹) | from loss | -72.1% | 0.39 | 1.40 | -9.09 |
Pre-tax profit ₹1.6 Cr: core business ₹0.4 Cr, other income ₹1.2 Cr.
Core profit YoY: from loss
FY26 cash from operations ₹5.0 Cr: 33% of FY26 net profit of ₹15.0 Cr.
Borrowings nil at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹35.6 | ₹37.8 | +6.1% above |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +12.3% | +21.2% | 61.9 | 51.1 | 55.2 |
| Operating profit | -57.4% | -55.0% | 2.0 | 4.4 | 4.7 |
| OPM % | -527 bps | -546 bps | 3.2% | 8.7% | 8.5% |
| Other income | -74.2% | -45.2% | 0.2 | 0.3 | 0.7 |
| Net profit? | -78.8% | -78.5% | 0.6 | 2.7 | 2.7 |
| PAT margin % | -401 bps | -435 bps | 0.9% | 5.3% | 4.9% |
| EPS (₹) | -77.6% | -78.3% | 1.84 | 8.46 | 8.21 |
Pre-tax profit ₹1.4 Cr: core business ₹1.2 Cr, other income ₹0.2 Cr.
Core profit YoY: -66.4% · reported profit -78.8%
FY26 cash from operations ₹0.0 Cr: 0% of FY26 net profit of ₹8.1 Cr.
Borrowings ₹23.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹62.3 | ₹61.9 | -0.6% in line |
| Net profit | ₹2.9 | ₹0.6 | -80.3% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +18.6% | +2.5% | 83.0 | 81.0 | 70.0 |
| Operating profit | +41.2% | +20.0% | 24.0 | 20.0 | 17.0 |
| OPM % | +463 bps | +422 bps | 28.9% | 24.7% | 24.3% |
| Other income | — | — | 0.0 | 0.0 | 0.0 |
| Net profit | +41.7% | +21.4% | 17.0 | 14.0 | 12.0 |
| PAT margin % | +334 bps | +320 bps | 20.5% | 17.3% | 17.1% |
| EPS (₹) | +42.1% | +16.0% | 14.04 | 12.10 | 9.88 |
Pre-tax profit ₹22.0 Cr: core business ₹22.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +37.5% · reported profit +41.7%
FY26 cash from operations ₹31.0 Cr: 50% of FY26 net profit of ₹62.0 Cr.
Borrowings ₹11.0 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹107 | ₹83.0 | -22.5% below |
| Net profit | ₹24.0 | ₹17.0 | -29.2% below |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | +39.3% | -14.2% | 19.0 | 22.2 | 13.7 |
| Operating profit | to loss | to loss | -0.3 | 0.8 | 0.6 |
| OPM % | -625 bps | -542 bps | -1.6% | 3.8% | 4.6% |
| Other income | -61.9% | +100.0% | 0.1 | 0.0 | 0.2 |
| Net profit | loss widened | loss widened | -2.6 | -0.8 | -1.1 |
| PAT margin % | -554 bps | -992 bps | -13.7% | -3.7% | -8.1% |
| EPS (₹) | loss widened | loss widened | -4.35 | -1.39 | -1.86 |
Pre-tax profit −₹2.0 Cr: core business −₹2.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss widened
FY26 cash from operations ₹2.2 Cr.
Borrowings ₹22.1 Cr at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹10.6 | ₹19.0 | +79.6% above |
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | -77.6% | — | 48.0 | 0.0 | 214 |
| Operating profit | — | from loss | 13.0 | -5.0 | 1.0 |
| OPM % | +2662 bps | — | 27.1% | — | 0.5% |
| Other income | — | — | 0.0 | 0.0 | 0.0 |
| Net profit? | — | from loss | 11.0 | -6.0 | 0.0 |
| PAT margin % | +2292 bps | — | 22.9% | — | 0.0% |
| EPS (₹) | — | from loss | 6.58 | -3.36 | 0.21 |
Pre-tax profit ₹12.0 Cr: core business ₹12.0 Cr, other income ₹0.0 Cr.
FY26 cash from operations ₹31.2 Cr.
Borrowings ₹56.4 Cr at Mar 2026.
| ₹ Cr | YoY | QoQ | Mar 2026 | Dec 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | -6.8% | +11.0% | 11.5 | 10.4 | 12.4 |
| Operating profit | -23.3% | +3.8% | 6.3 | 6.1 | 8.2 |
| OPM % | -1179 bps | -380 bps | 54.9% | 58.7% | 66.6% |
| Other income | +116.7% | +160.0% | 1.2 | 0.5 | 0.5 |
| Net profit | -16.5% | +18.8% | 5.1 | 4.3 | 6.1 |
| PAT margin % | -515 bps | +293 bps | 44.3% | 41.3% | 49.4% |
| EPS (₹) | -16.7% | +18.3% | 2.00 | 1.69 | 2.40 |
Pre-tax profit ₹6.5 Cr: core business ₹5.3 Cr, other income ₹1.2 Cr.
Core profit YoY: -26.6% · reported profit -16.5%
FY26 cash from operations ₹23.0 Cr: 137% of FY26 net profit of ₹16.8 Cr.
Borrowings nil at Mar 2026.
| Trend | Actual | Gap | |
|---|---|---|---|
| Sales | ₹13.1 | ₹11.5 | -11.9% below |
| Net profit | ₹6.1 | ₹5.1 | -16.5% below |
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, the year's cash-flow statement with the March results and the half-year's (April to September) with the September results.
Management guidance. When a company files the transcript of its earnings call, we read what its management said to expect: revenue or profit growth, margins, capex and the like, for this financial year or part of it. A figure is kept only when the sentence that states it is found in the transcript, and you can read it under "What management said". Growth and margins are then set beside the actual so far: the year-to-date quarters against the same quarters a year earlier (so the first half is measured against a full-year figure). Within 1 percentage point of the range for growth, or 0.5 for margins, is "on track"; above it "ahead", below it "behind". A new figure for the same period is marked raised or cut against the one before. This is what management said, not a forecast of ours.
Working capital. Inventory, trade receivables and trade payables from the same balance sheets, each also as days of sales (the amount against the twelve months' sales to that date, times 365). Receivables or inventory that grow 25 points or more faster than sales between two balance sheets (and by at least 20%) are flagged: money tied up in customers and stock is profit not yet in cash. These lines are read from filings since the September 2026 results, so comparisons with an earlier balance sheet start with the March 2027 results for most companies.
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.
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