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, 19:16 IST 5115 declared
The next results season has started: 42 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 14 of 171

Deepak Nitrite Limited

DEEPAKNTR · Chemicals · Q4 FY26 · Consolidated
M Cap
₹22,124 Cr
P/E
28.2
PEG
—
  • Profit +60% above its own trend
  • Operating margin expanded 319 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -2.8%+7.3% 2,1201,9752,180
Operating profit +18.6%+78.2% 376211317
OPM % +319 bps+705 bps 17.7%10.7%14.5%
Other income -69.6%from loss 7.0-4.023.0
Net profit? +8.9%+120.0% 220100202
PAT margin % +111 bps+531 bps 10.4%5.1%9.3%
EPS (₹) +8.6%+120.1% 16.117.3214.84

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹301 Cr: core business ₹294 Cr, other income ₹7.0 Cr.

Core profit YoY: +14.4% · reported profit +8.9%

Cash & debt

FY26 cash from operations ₹539 Cr: 98% of FY26 net profit of ₹551 Cr.

Borrowings ₹1,638 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,138₹2,120 -0.8% in line
Net profit₹138₹220 +59.6% above
Detailed financials →

Kaynes Technology India Limited

KAYNES · Electronic Components · Q4 FY26 · Consolidated
M Cap
₹22,116 Cr
P/E
64.0
PEG
1.12
  • Profit -46% below its own trend
  • Operating margin contracted 144 bps YoY
  • 29% 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 +26.3%+54.6% 1,243804984
Operating profit +15.6%+62.6% 194119168
OPM % -144 bps+77 bps 15.6%14.8%17.1%
Other income +105.2%-6.3% 42.044.820.5
Net profit? -21.7%+18.7% 91.076.6116
PAT margin % -448 bps-221 bps 7.3%9.5%11.8%
EPS (₹) -24.9%+20.0% 13.6111.3418.12

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹140 Cr: core business ₹99.0 Cr, other income ₹42.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -18.5% · reported profit -21.7%

Cash & debt

FY26 cash from operations −₹600 Cr: -165% of FY26 net profit of ₹364 Cr.

Borrowings ₹913 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,419₹1,243 -12.4% below
Net profit₹168₹91.0 -45.9% below
📊 Investor presentation (07 Aug) Detailed financials →

SJVN Limited

SJVN · Power Generation & Utilities · Q4 FY26 · Consolidated
M Cap
₹22,034 Cr
P/E
34.5
PEG
—
  • Operating margin expanded 1623 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +176.8%+38.3% 1,4961,082540
Operating profit +277.6%+17.7% 910773241
OPM % +1623 bps-1061 bps 60.8%71.4%44.6%
Other income +15.4%+36.4% 60.044.052.0
Net profit? loss narrowedto loss -118224-128
PAT margin % +1575 bps-2862 bps -7.9%20.7%-23.6%
EPS (₹) loss narrowedto loss -0.300.57-0.32

Quality of profit

Pre-tax profit −₹47.0 Cr: core business −₹106 Cr, other income ₹60.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations ₹1,860 Cr: 290% of FY26 net profit of ₹642 Cr.

Borrowings ₹32,278 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹587₹1,496 +154.7% above
Detailed financials →

Timken India Limited

TIMKEN · Bearings & Abrasives · Q4 FY26 · Consolidated
M Cap
₹22,032 Cr
P/E
51.7
PEG
—
  • Core business grew faster than reported profit (core profit +10%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +14.6%+39.8% 1,090780951
Operating profit +13.1%+140.1% 242101214
OPM % -30 bps+928 bps 22.2%12.9%22.5%
Other income -92.9%-86.0% 1.07.214.0
Net profit? -16.8%+189.6% 15854.6190
PAT margin % -548 bps+750 bps 14.5%7.0%20.0%
EPS (₹) -16.8%+190.3% 21.057.2525.30

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹212 Cr: core business ₹211 Cr, other income ₹1.0 Cr.

Core profit YoY: +9.9% · reported profit -16.8%

Cash & debt

FY26 cash from operations ₹446 Cr: 109% of FY26 net profit of ₹411 Cr.

Borrowings ₹15.0 Cr at Mar 2026.

Detailed financials →

The Great Eastern Shipping Company Limited

GESHIP · Shipping & Ports · Q4 FY26 · Consolidated
M Cap
₹21,861 Cr
P/E
7.4
PEG
1.24
  • Profit +253% above its own trend
  • Operating margin expanded 2126 bps YoY
  • 33% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +23.5%+3.9% 1,5111,4541,223
Operating profit +87.6%+12.6% 941836502
OPM % +2126 bps+482 bps 62.3%57.5%41.0%
Other income +130.4%+22.7% 346282150
Net profit? +187.5%+28.5% 1,044813363
PAT margin % +3941 bps+1323 bps 69.1%55.9%29.7%
EPS (₹) +187.6%+28.5% 73.1356.9125.43

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹1,043 Cr: core business ₹696 Cr, other income ₹346 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +183.3% · reported profit +187.5%

Cash & debt

FY26 cash from operations ₹2,854 Cr: 97% of FY26 net profit of ₹2,942 Cr.

Borrowings ₹1,087 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,060₹1,511 +42.5% above
Net profit₹296₹1,044 +252.8% above
📊 Investor presentation (04 Aug) Detailed financials →

Grindwell Norton Limited

GRINDWELL · Bearings & Abrasives · Q4 FY26 · Consolidated
M Cap
₹21,805 Cr
P/E
49.9
PEG
8.32
  • Profit +22% above its own trend
  • Operating margin expanded 158 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +18.7%+11.9% 842753710
Operating profit +29.1%+18.0% 164139127
OPM % +158 bps+101 bps 19.5%18.5%17.9%
Other income +67.5%+22.8% 21.017.112.5
Net profit? +28.0%+24.0% 11996.093.0
PAT margin % +103 bps+138 bps 14.1%12.8%13.1%
EPS (₹) +28.2%+24.7% 10.728.608.36

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹158 Cr: core business ₹136 Cr, other income ₹21.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +36.7% · reported profit +28.0%

Cash & debt

FY26 cash from operations ₹542 Cr: 130% of FY26 net profit of ₹416 Cr.

Borrowings ₹61.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹744₹842 +13.1% above
Net profit₹97.7₹119 +21.8% above
📊 Investor presentation (29 May) Detailed financials →

Chennai Petroleum Corporation Limited

CHENNPETRO · Refineries & Oil Marketing · Q4 FY26 · Consolidated
M Cap
₹21,740 Cr
P/E
5.2
PEG
—
  • Profit +51% above its own trend
  • Operating margin expanded 829 bps YoY
  • Core business grew faster than reported profit (core profit +228%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -18.3%+7.2% 16,81715,68320,581
Operating profit +159.4%+37.8% 2,0361,478785
OPM % +829 bps+268 bps 12.1%9.4%3.8%
Other income +248.2%+0.0% 43.043.012.3
Net profit? +202.6%+41.9% 1,4221,002470
PAT margin % +617 bps+207 bps 8.5%6.4%2.3%
EPS (₹) +202.5%+42.0% 95.4867.2631.56

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹1,913 Cr: core business ₹1,870 Cr, other income ₹43.0 Cr.

Core profit YoY: +228.4% · reported profit +202.6%

Cash & debt

FY26 cash from operations ₹2,945 Cr: 95% of FY26 net profit of ₹3,103 Cr.

Borrowings ₹1,964 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹22,657₹16,817 -25.8% below
Net profit₹940₹1,422 +51.3% above
Detailed financials →

Prime Focus Limited

PFOCUS · Media & Entertainment · Q4 FY26 · Consolidated
M Cap
₹21,728 Cr
P/E
149.3
PEG
14.93
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 1247 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +43.1%+16.1% 1,3841,192967
Operating profit +121.3%+28.6% 488379220
OPM % +1247 bps+344 bps 35.3%31.8%22.8%
Other income to lossto loss -41.021.9161
Net profit? from loss+70.5% 11869.2-252
PAT margin % +3454 bps+272 bps 8.5%5.8%-26.0%
EPS (₹) from loss+16.5% 1.060.91-7.70

Quality of profit

Pre-tax profit ₹82.0 Cr: core business ₹122 Cr, other income −₹41.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹1,024 Cr: 339% of FY26 net profit of ₹302 Cr.

Borrowings ₹5,717 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,201₹1,384 +15.2% above
Detailed financials →

IRB Infrastructure Developers Limited

IRB · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹21,583 Cr
P/E
22.6
PEG
2.83
  • Operating margin expanded 976 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -10.3%+3.0% 1,9271,8712,149
Operating profit +8.5%+6.0% 1,0831,022998
OPM % +976 bps+158 bps 56.2%54.6%46.4%
Other income -27.5%from loss 50.0-2.069.0
Net profit? +37.9%+40.3% 296211215
PAT margin % +537 bps+408 bps 15.4%11.3%10.0%
EPS (₹) +42.9%+47.1% 0.250.17adj. 0.17

EPS restated for the 1:1 bonus of Mar 2026: Mar 2025 ₹0.35 to ₹0.17.

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹406 Cr: core business ₹356 Cr, other income ₹50.0 Cr.

Core profit YoY: +40.2% · reported profit +37.9%

Cash & debt

FY26 cash from operations ₹2,098 Cr: 247% of FY26 net profit of ₹850 Cr.

Borrowings ₹20,027 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,307₹1,927 -16.5% below
Net profit₹273₹296 +8.3% in line
Detailed financials →

Welspun Living Limited

WELSPUNLIV · Textiles · Q4 FY26 · Consolidated
M Cap
₹21,438 Cr
P/E
74.8
PEG
18.69
  • Profit +60% above its own trend
  • Operating margin contracted 172 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -8.0%+7.6% 2,4352,2622,646
Operating profit -21.2%+55.6% 249160316
OPM % -172 bps+315 bps 10.2%7.1%11.9%
Other income +700.0%from loss 16.0-5.02.0
Net profit? -20.1%— 1063.0133
PAT margin % -66 bps+423 bps 4.4%0.1%5.0%
EPS (₹) -22.9%— 1.080.001.40

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹125 Cr: core business ₹109 Cr, other income ₹16.0 Cr.

Core profit YoY: -34.3% · reported profit -20.1%

Cash & debt

FY26 cash from operations ₹1,175 Cr: 551% of FY26 net profit of ₹213 Cr.

Borrowings ₹2,315 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,381₹2,435 +2.3% in line
Net profit₹66.4₹106 +59.9% above
📊 Investor presentation (13 Aug) Detailed financials →

ACC Limited

ACC · Cement · Q4 FY26 · Consolidated
M Cap
₹21,351 Cr
P/E
11.2
PEG
0.36
  • Profit -65% below its own trend
  • Operating margin contracted 492 bps YoY
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +17.8%+10.2% 7,1466,4836,067
Operating profit -24.6%-10.6% 626700830
OPM % -492 bps-204 bps 8.8%10.8%13.7%
Other income -74.5%-45.1% 50.091.0196
Net profit? -68.3%-41.1% 238404751
PAT margin % -905 bps-290 bps 3.3%6.2%12.4%
EPS (₹) -68.3%-41.0% 12.6921.5239.99

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹370 Cr: core business ₹320 Cr, other income ₹50.0 Cr.

Core profit YoY: -42.0% · reported profit -68.3%

Cash & debt

FY26 cash from operations −₹1,364 Cr: -64% of FY26 net profit of ₹2,136 Cr.

Borrowings ₹429 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹6,953₹7,146 +2.8% in line
Net profit₹683₹238 -65.2% below
📊 Investor presentation (28 Jul) Detailed financials →

Tata Elxsi Limited

TATAELXSI · IT Services & Software · Q4 FY26 · Standalone
M Cap
₹21,348 Cr
P/E
32.6
PEG
—
  • Profit +75% above its own trend
  • Operating margin expanded 174 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +9.5%+4.3% 994953908
Operating profit +17.8%+10.4% 245222208
OPM % +174 bps+135 bps 24.6%23.3%22.9%
Other income +18.6%from loss 51.0-50.043.0
Net profit +27.9%+101.8% 220109172
PAT margin % +319 bps+1070 bps 22.1%11.4%18.9%
EPS (₹) +27.8%+102.3% 35.3717.4827.68

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹268 Cr: core business ₹218 Cr, other income ₹51.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +22.5% · reported profit +27.9%

Cash & debt

FY26 cash from operations ₹664 Cr: 106% of FY26 net profit of ₹628 Cr.

Borrowings ₹162 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹892₹994 +11.4% above
Net profit₹125₹220 +75.4% above
📊 Investor presentation (13 Oct) Detailed financials →

NBCC (India) Limited

NBCC · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹20,844 Cr
P/E
27.2
PEG
1.36
  • Profit grew faster than the core business (core profit -1%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -1.8%+50.9% 4,5603,0224,643
Operating profit -1.1%+152.8% 287114290
OPM % +5 bps+254 bps 6.3%3.8%6.2%
Other income +1.2%-18.3% 59.072.358.3
Net profit? +39.1%+28.8% 254197183
PAT margin % +164 bps-95 bps 5.6%6.5%3.9%
EPS (₹) +36.9%+25.4% 0.890.710.65

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹342 Cr: core business ₹283 Cr, other income ₹59.0 Cr.

Core profit YoY: -1.4% · reported profit +39.1%

Cash & debt

FY26 cash from operations ₹439 Cr: 59% of FY26 net profit of ₹743 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5,286₹4,560 -13.7% below
Net profit₹233₹254 +8.8% in line
📊 Investor presentation (11 Aug) Detailed financials →

GUJARAT ENERGY LIMITED

GUJENERGY · Gas Distribution · Q4 FY26 · Consolidated
M Cap
₹20,810 Cr
P/E
12.2
PEG
—
  • Core business grew faster than reported profit (core profit +8%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +41.2%+58.3% 5,7923,6584,102
Operating profit +35.3%+36.2% 609447450
OPM % -46 bps-171 bps 10.5%12.2%11.0%
Other income -54.7%-39.3% 34.056.075.0
Net profit? -47.2%-43.1% 152267288
PAT margin % -440 bps-467 bps 2.6%7.3%7.0%
EPS (₹) +22.0%+31.4% 5.103.884.18

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹374 Cr: core business ₹339 Cr, other income ₹34.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +8.0% · reported profit -47.2%

Detailed financials →

SAGILITY LIMITED

SAGILITY · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹20,766 Cr
P/E
20.9
PEG
0.24
  • Profit -29% below its own trend
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +29.0%+2.7% 2,0241,9711,568
Operating profit +30.0%-5.1% 485511373
OPM % +18 bps-197 bps 24.0%25.9%23.8%
Other income +147.0%+197.1% 25.08.410.1
Net profit? +41.3%-3.6% 258268183
PAT margin % +111 bps-83 bps 12.7%13.6%11.6%
EPS (₹) +41.0%-3.5% 0.550.570.39

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹363 Cr: core business ₹339 Cr, other income ₹25.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +48.1% · reported profit +41.3%

Cash & debt

FY26 cash from operations ₹1,203 Cr: 130% of FY26 net profit of ₹925 Cr.

Borrowings ₹1,111 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,968₹2,024 +2.8% in line
Net profit₹365₹258 -29.3% below
📊 Investor presentation (21 Jul) Detailed financials →

Emmvee Photovoltaic Power Limited

EMMVEE · Electrical Equipment · Q4 FY26 · Consolidated
M Cap
₹20,705 Cr
P/E
16.3
PEG
—
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +62.2%+50.9% 1,7391,1521,072
Operating profit +58.2%+38.1% 571413361
OPM % -84 bps-304 bps 32.8%35.9%33.7%
Other income +66.7%-68.1% 5.015.73.0
Net profit? +89.4%+48.7% 392264207
PAT margin % +323 bps-34 bps 22.5%22.9%19.3%
EPS (₹) -85.2%+38.0% 5.674.1138.39

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹484 Cr: core business ₹479 Cr, other income ₹5.0 Cr.

Core profit YoY: +92.4% · reported profit +89.4%

📊 Investor presentation (15 Jul) Detailed financials →

Sumitomo Chemical India Limited

SUMICHEM · Pesticides & Agrochemicals · Q4 FY26 · Consolidated
M Cap
₹20,677 Cr
P/E
35.7
PEG
7.14
  • Profit +22% above its own trend
  • Operating margin expanded 199 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +0.7%+20.4% 684568679
Operating profit +12.1%+35.4% 13499.0120
OPM % +199 bps+216 bps 19.6%17.4%17.6%
Other income +1.2%+52.4% 32.021.031.6
Net profit? +11.2%+46.1% 11176.099.8
PAT margin % +154 bps+285 bps 16.2%13.4%14.7%
EPS (₹) +11.5%+46.7% 2.231.522.00

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹148 Cr: core business ₹115 Cr, other income ₹32.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +13.3% · reported profit +11.2%

Cash & debt

FY26 cash from operations ₹446 Cr: 82% of FY26 net profit of ₹543 Cr.

Borrowings ₹63.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹662₹684 +3.3% in line
Net profit₹91.3₹111 +21.6% above
📊 Investor presentation (27 Jul) Detailed financials →

CREDITACCESS GRAMEEN LIMITED

CREDITACC · NBFC & Finance Companies · Q4 FY26 · Standalone
M Cap
₹20,488 Cr
P/E
16.9
PEG
—
  • Profit +999% above its own trend
  • Gross NPA down 159 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +13.5%+7.2% 1,5981,4911,408
Net interest income +20.5%— 1,119—929
Other income +0.0%— 1.0—1.0
Net profit +623.4%+34.9% 34025247.0
EPS (₹) +616.2%+34.5% 21.2015.762.96
Gross NPA % -159 bps-87 bps 3.2%4.0%4.8%
Net NPA % -61 bps-24 bps 1.1%1.4%1.7%

Against its own trend ?

TrendActualGap
Net profit₹23.5₹340 +999.0% above
📊 Investor presentation (24 Jul) Detailed financials →

Affle 3i Limited

AFFLE · IT Services & Software · Q4 FY26 · Consolidated
M Cap
₹20,273 Cr
P/E
42.4
PEG
1.84
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +20.2%+0.9% 724717602
Operating profit +20.2%-1.3% 161163134
OPM % -1 bps-49 bps 22.2%22.7%22.2%
Other income +11.1%+19.8% 21.017.518.9
Net profit? +16.4%+0.6% 120119103
PAT margin % -54 bps-6 bps 16.6%16.6%17.1%
EPS (₹) +15.5%-0.1% 8.498.507.35

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹148 Cr: core business ₹127 Cr, other income ₹21.0 Cr.

Core profit YoY: +21.0% · reported profit +16.4%

Cash & debt

FY26 cash from operations ₹502 Cr: 110% of FY26 net profit of ₹455 Cr.

Borrowings ₹15.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹718₹724 +0.9% in line
Net profit₹123₹120 -2.8% in line
📊 Investor presentation (08 Aug) Detailed financials →

Anant Raj Limited

ANANTRAJ · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹20,248 Cr
P/E
45.0
PEG
0.83
  • Profit +210% above its own trend
  • Profit grew faster than the core business (core profit +12%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +19.6%+73.0% 647374541
Operating profit +17.6%+124.8% 16774.3142
OPM % -44 bps+595 bps 25.8%19.9%26.2%
Other income +190.0%+7.2% 29.027.110.0
Net profit? +128.8%+92.2% 14977.565.1
PAT margin % +1099 bps+230 bps 23.0%20.7%12.0%
EPS (₹) +17.6%+82.5% 4.072.233.46

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹175 Cr: core business ₹146 Cr, other income ₹29.0 Cr.

Core profit YoY: +12.3% · reported profit +128.8%

Cash & debt

FY26 cash from operations −₹435 Cr: -102% of FY26 net profit of ₹427 Cr.

Borrowings ₹681 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹663₹647 -2.5% in line
Net profit₹48.1₹149 +209.8% above
📊 Investor presentation (11 Aug) Detailed financials →

Lalithaa Jewellery Mart Limited

LALITHAA · Gems & Jewellery · Q4 FY26 · Standalone
M Cap
₹20,239 Cr
P/E
—
PEG
—
₹ Cr Mar 2026
Sales 6,500
Operating profit 545
OPM % 8.4%
Other income 2.0
Net profit 346
PAT margin % 5.3%
EPS (₹) 6.92

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

Quality of profit

Core 100%Other income & one-offs 0%

Pre-tax profit ₹465 Cr: core business ₹463 Cr, other income ₹2.0 Cr.

📊 Investor presentation (14 Sep) Detailed financials →

Granules India Limited

GRANULES · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹20,183 Cr
P/E
30.5
PEG
6.09
  • Operating margin expanded 285 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +22.8%+6.0% 1,4711,3881,197
Operating profit +39.5%+14.3% 352308252
OPM % +285 bps+174 bps 23.9%22.2%21.1%
Other income —from loss 25.0-4.01.9
Net profit? +32.9%+34.7% 202150152
PAT margin % +104 bps+293 bps 13.7%10.8%12.7%
EPS (₹) +29.7%+31.3% 8.136.196.27

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹262 Cr: core business ₹237 Cr, other income ₹25.0 Cr.

Core profit YoY: +43.7% · reported profit +32.9%

Cash & debt

FY26 cash from operations ₹793 Cr: 133% of FY26 net profit of ₹596 Cr.

Borrowings ₹1,512 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,344₹1,471 +9.4% above
Net profit₹186₹202 +8.5% in line
Detailed financials →

Firstsource Solutions Limited

FSL · IT Services & Software · Q4 FY26 · Consolidated
M Cap
₹20,146 Cr
P/E
30.0
PEG
2.15
  • Operating margin expanded 124 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +19.5%+5.7% 2,5832,4432,161
Operating profit +29.1%+6.8% 430403333
OPM % +124 bps+17 bps 16.6%16.5%15.4%
Other income to lossto loss -2.03.62.0
Net profit? +27.3%+70.4% 205120161
PAT margin % +49 bps+301 bps 7.9%4.9%7.5%
EPS (₹) +27.8%+66.7% 2.901.742.27

Quality of profit

Pre-tax profit ₹261 Cr: core business ₹262 Cr, other income −₹2.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +31.7% · reported profit +27.3%

Cash & debt

FY26 cash from operations ₹1,214 Cr: 180% of FY26 net profit of ₹674 Cr.

Borrowings ₹2,922 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,637₹2,583 -2.0% in line
Net profit₹198₹205 +3.7% in line
📊 Investor presentation (06 Aug) Detailed financials →

Shriram Pistons & Rings Limited

SHRIPISTON · Auto Components · Q4 FY26 · Consolidated
M Cap
₹20,098 Cr
P/E
35.0
PEG
1.35
  • Operating margin contracted 287 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +47.3%+42.3% 1,4561,023988
Operating profit +27.4%+30.2% 268206210
OPM % -287 bps-171 bps 18.4%20.1%21.3%
Other income -16.1%-30.5% 23.033.127.4
Net profit? +4.9%+26.5% 159126152
PAT margin % -441 bps-136 bps 10.9%12.3%15.3%
EPS (₹) +6.6%+27.0% 35.4827.9333.27

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹206 Cr: core business ₹183 Cr, other income ₹23.0 Cr.

Core profit YoY: +5.4% · reported profit +4.9%

Cash & debt

FY26 cash from operations ₹625 Cr: 111% of FY26 net profit of ₹562 Cr.

Borrowings ₹1,968 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,169₹1,456 +24.5% above
Net profit₹175₹159 -9.1% in line
📊 Investor presentation (04 Aug) Detailed financials →

Allied Blenders and Distillers Limited

ABDL · Breweries & Distilleries · Q4 FY26 · Consolidated
M Cap
₹20,096 Cr
P/E
95.7
PEG
0.23
  • Profit -63% below its own trend
  • Operating margin expanded 202 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +9.3%+0.4% 1,0071,003921
Operating profit +24.3%+24.5% 169136136
OPM % +202 bps+325 bps 16.8%13.5%14.8%
Other income -7.1%+984.6% 13.01.214.0
Net profit? -51.9%-40.4% 38.063.779.0
PAT margin % -480 bps-258 bps 3.8%6.4%8.6%
EPS (₹) -48.0%-38.7% 1.462.382.81

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹103 Cr: core business ₹89.0 Cr, other income ₹13.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -3.3% · reported profit -51.9%

Cash & debt

FY26 cash from operations ₹362 Cr: 164% of FY26 net profit of ₹220 Cr.

Borrowings ₹1,151 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,077₹1,007 -6.5% below
Net profit₹104₹38.0 -63.3% below
📊 Investor presentation (23 Jul) Detailed financials →

Leela Palaces Hotels & Resorts Limited

THELEELA · Hotels & Resorts · Q4 FY26 · Consolidated
M Cap
₹20,079 Cr
P/E
45.3
PEG
—
  • Operating margin expanded 155 bps YoY
  • Core business grew faster than reported profit (core profit +102%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +13.9%+5.8% 484457425
Operating profit +17.2%+11.8% 266238227
OPM % +155 bps+297 bps 55.0%52.0%53.4%
Other income -73.7%-25.5% 10.013.438.0
Net profit? +47.0%+16.3% 172148117
PAT margin % +801 bps+321 bps 35.5%32.3%27.5%
EPS (₹) +20.9%+13.2% 5.144.544.25

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹206 Cr: core business ₹196 Cr, other income ₹10.0 Cr.

Core profit YoY: +102.1% · reported profit +47.0%

📊 Investor presentation (31 Jul) Detailed financials →

Indraprastha Gas Limited

IGL · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹19,999 Cr
P/E
14.8
PEG
—
  • Profit -23% below its own trend
  • Operating margin contracted 132 bps YoY
  • 37% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -4.1%-7.3% 4,1634,4894,341
Operating profit -15.1%-10.6% 421471496
OPM % -132 bps-38 bps 10.1%10.5%11.4%
Other income -16.3%+86.2% 16689.2198
Net profit? -25.2%-13.5% 339392453
PAT margin % -230 bps-59 bps 8.1%8.7%10.4%
EPS (₹) -25.2%-13.5% 2.432.813.25

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹447 Cr: core business ₹280 Cr, other income ₹166 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -24.6% · reported profit -25.2%

Cash & debt

FY26 cash from operations ₹1,936 Cr: 125% of FY26 net profit of ₹1,544 Cr.

Borrowings ₹98.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,737₹4,163 -12.1% below
Net profit₹439₹339 -22.8% below
Detailed financials →

HBL Engineering Limited

HBLENGINE · Auto Components · Q4 FY26 · Consolidated
M Cap
₹19,757 Cr
P/E
25.3
PEG
0.24
  • Profit -29% below its own trend
  • Operating margin contracted 418 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +26.9%-30.9% 604874476
Operating profit -5.1%-75.2% 75.030279.0
OPM % -418 bps-2218 bps 12.4%34.6%16.6%
Other income +66.7%-5.1% 10.010.56.0
Net profit? +42.2%-71.0% 64.022145.0
PAT margin % +114 bps-1464 bps 10.6%25.2%9.5%
EPS (₹) +42.0%-71.1% 2.307.951.62

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹67.0 Cr: core business ₹58.0 Cr, other income ₹10.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -9.4% · reported profit +42.2%

Cash & debt

FY26 cash from operations ₹738 Cr: 91% of FY26 net profit of ₹815 Cr.

Borrowings ₹67.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹737₹604 -18.0% below
Net profit₹90.0₹64.0 -28.9% below
Detailed financials →

Cemindia Projects Limited

CEMPRO · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹19,563 Cr
P/E
32.5
PEG
—
  • Profit +61% above its own trend
  • Operating margin expanded 158 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +76%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +19.9%+28.4% 2,9732,3152,480
Operating profit +38.0%+61.3% 358222259
OPM % +158 bps+245 bps 12.0%9.6%10.5%
Other income +847.5%+300.0% 92.023.09.7
Net profit? +112.4%+118.0% 242111114
PAT margin % +355 bps+335 bps 8.1%4.8%4.6%
EPS (₹) +113.3%+118.3% 14.106.466.61

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹350 Cr: core business ₹258 Cr, other income ₹92.0 Cr.

Core profit YoY: +75.6% · reported profit +112.4%

Against its own trend ?

TrendActualGap
Sales₹2,681₹2,973 +10.9% above
Net profit₹151₹242 +60.7% above
📊 Investor presentation (20 Aug) Detailed financials →

Aadhar Housing Finance Limited

AADHARHFC · Housing Finance · Q4 FY26 · Consolidated
M Cap
₹19,465 Cr
P/E
17.1
PEG
0.68
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +19.1%+5.2% 993944834
Net interest income +23.9%+7.9% 642595518
Other income +700.0%+654.7% 8.01.11.0
Net profit? +26.9%+10.6% 311281245
EPS (₹) +25.7%+10.0% 7.146.495.68
Gross NPA % +3 bps-30 bps 1.1%1.4%1.1%
Net NPA % +10 bps-21 bps 0.8%1.0%0.7%

Against its own trend ?

TrendActualGap
Net profit₹289₹311 +7.6% in line
📊 Investor presentation (09 Jun) 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