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: 43 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
Filters & sorting
Results by sector
1375 matching results 1375
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M Cap ₹753 Cr
P/E 13.4
PEG 0.34
Profit -77% below its own trend Operating margin contracted 988 bps YoY All of pre-tax profit came from other income or one-off items FY26 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-6.0% +1.0%
617 611 657 Operating profit
-57.8% -47.7%
49.7 95.1 118 OPM %
-988 bps -750 bps
8.1% 15.6% 17.9% Other income
from loss +303.5%
104 25.9 -69.5 Net profit?
-88.2% -81.6%
1.4 7.7 11.9 PAT margin %
-159 bps -102 bps
0.2% 1.3% 1.8% EPS (₹)
-88.4% -82.0%
0.11 0.61 0.95
Quality of profit
Pre-tax profit ₹32.4 Cr: core business −₹72.1 Cr, other income ₹104 Cr.
Core profit YoY: to loss
· reported profit -88.2%
Cash & debt
FY26 cash from operations ₹0.0 Cr:
0% of FY26 net profit of ₹62.0 Cr.
Borrowings ₹2,636 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹591 ₹617
+4.4% in line Net profit ₹6.2 ₹1.4
-77.1% below
M Cap ₹750 Cr
P/E 38.4
PEG 12.80
Profit +33% above its own trend Operating margin expanded 844 bps YoY 50% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+108.9% +70.4%
148 87.1 71.0 Operating profit
— +54.4%
12.8 8.3 0.1 OPM %
+844 bps -89 bps
8.6% 9.5% 0.2% Other income
-17.0% +1.7%
4.8 4.7 5.8 Net profit?
-33.3% +31.6%
5.7 4.3 8.5 PAT margin %
-814 bps -112 bps
3.8% 4.9% 12.0% EPS (₹)
-35.5% +30.1%
2.16 1.66 3.35
Quality of profit
Pre-tax profit ₹9.6 Cr: core business ₹4.8 Cr, other income ₹4.8 Cr.
Core profit YoY: from loss
· reported profit -33.3%
Cash & debt
FY26 cash from operations −₹72.0 Cr:
-474% of FY26 net profit of ₹15.2 Cr.
Borrowings ₹110 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹59.1 ₹148
+151.2% above Net profit ₹4.2 ₹5.7
+33.3% above
M Cap ₹737 Cr
P/E 19.9
PEG —
47% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -28%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-0.1% -18.9%
124 152 124 Operating profit
-4.1% -27.4%
16.7 23.0 17.4 OPM %
-57 bps -158 bps
13.5% 15.1% 14.1% Other income
+166.7% +491.4%
4.4 0.7 1.6 Net profit
-7.5% -44.9%
6.3 11.5 6.8 PAT margin %
-41 bps -241 bps
5.1% 7.5% 5.5% EPS (₹)
-32.3% -45.0%
1.05 1.91 1.55
Quality of profit
Pre-tax profit ₹9.4 Cr: core business ₹5.0 Cr, other income ₹4.4 Cr.
Core profit YoY: -28.0%
· reported profit -7.5%
Profit +37% above its own trend 48% of pre-tax profit came from other income and one-off items Exceptional items of ₹23.0 Cr in the quarter Profit grew faster than the core business (core profit +52%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+12.7% +30.5%
480 368 426 Operating profit
+14.3% +98.6%
50.9 25.6 44.5 OPM %
+16 bps +363 bps
10.6% 7.0% 10.4% Other income
-46.6% -27.3%
1.5 2.0 2.8 Net profit?
+174.7% —
40.0 1.9 14.6 PAT margin %
+492 bps +782 bps
8.3% 0.5% 3.4% EPS (₹)
+174.0% —
4.63 0.22 1.69
Quality of profit
Pre-tax profit ₹51.1 Cr: core business ₹26.7 Cr, other income ₹1.5 Cr, exceptional & other items ₹23.0 Cr.
Core profit YoY: +51.8%
· reported profit +174.7%
Cash & debt
FY26 cash from operations ₹183 Cr:
215% of FY26 net profit of ₹85.2 Cr.
Borrowings ₹303 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹454 ₹480
+5.8% above Net profit ₹29.1 ₹40.0
+37.3% above
M Cap ₹732 Cr
P/E 27.1
PEG 0.38
Profit -15% below its own trend 59% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +7%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+53.6% +30.2%
410 315 267 Operating profit
+66.7% +90.5%
40.0 21.0 24.0 OPM %
+77 bps +309 bps
9.8% 6.7% 9.0% Other income
— —
1.0 0.0 0.0 Net profit
+63.6% +100.0%
18.0 9.0 11.0 PAT margin %
+27 bps +153 bps
4.4% 2.9% 4.1% EPS (₹)
+61.9% +91.9%
17.16 8.94 10.60
Quality of profit
Pre-tax profit ₹36.5 Cr: core business ₹15.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹20.5 Cr.
Core profit YoY: +7.1%
· reported profit +63.6%
Cash & debt
FY26 cash from operations −₹36.0 Cr.
Borrowings ₹229 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹324 ₹410
+26.7% above Net profit ₹21.3 ₹18.0
-15.5% below
M Cap ₹730 Cr
P/E 160.4
PEG —
Into loss: a profit a year ago Profit -105% below its own trend Operating margin contracted 523 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
-10.1% +119.0%
101 46.3 113 Operating profit
-33.5% from loss 15.1 -2.2 22.7 OPM %
-523 bps +1964 bps
14.9% -4.8% 20.1% Other income
+47.6% +3.3%
6.2 6.0 4.2 Net profit?
to loss loss narrowed -0.6 -1.5 10.8 PAT margin %
-1017 bps +265 bps
-0.6% -3.2% 9.6% EPS (₹)
to loss loss narrowed -0.14 -0.26 1.84
Quality of profit
Pre-tax profit ₹0.6 Cr: core business −₹5.6 Cr, other income ₹6.2 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹70.0 Cr:
598% of FY26 net profit of ₹11.7 Cr.
Borrowings ₹309 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹111 ₹101
-8.7% below Net profit ₹11.4 −₹0.6
-105.3% below
M Cap ₹726 Cr
P/E 16.5
PEG —
Profit -21% below its own trend Operating margin expanded 213 bps YoY 40% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +2%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.1% -6.5%
110 118 92.5 Operating profit
+28.5% -18.2%
31.9 39.0 24.8 OPM %
+213 bps -417 bps
29.0% 33.1% 26.8% Other income
+304.3% +394.5%
8.8 1.8 2.2 Net profit?
+58.9% -8.4%
17.5 19.1 11.0 PAT margin %
+397 bps -34 bps
15.9% 16.2% 11.9% EPS (₹)
+58.8% -8.4%
5.75 6.28 3.62
Quality of profit
Pre-tax profit ₹23.9 Cr: core business ₹14.4 Cr, other income ₹8.8 Cr, exceptional & other items ₹0.7 Cr.
Core profit YoY: +1.6%
· reported profit +58.9%
Cash & debt
FY26 cash from operations ₹98.0 Cr:
254% of FY26 net profit of ₹38.6 Cr.
Borrowings ₹233 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹102 ₹110
+7.9% above Net profit ₹22.0 ₹17.5
-20.6% below
Profit +999% above its own trend Operating margin expanded 597 bps YoY 32% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.4% -0.8%
496 500 475 Operating profit
+100.0% +3.3%
62.0 60.0 31.0 OPM %
+597 bps +50 bps
12.5% 12.0% 6.5% Other income
+650.0% from loss 15.0 -2.0 2.0 Net profit
+700.0% +88.2%
32.0 17.0 4.0 PAT margin %
+561 bps +305 bps
6.5% 3.4% 0.8% EPS (₹)
+701.5% +85.4%
5.21 2.81 0.65
Quality of profit
Pre-tax profit ₹47.0 Cr: core business ₹32.0 Cr, other income ₹15.0 Cr.
Core profit YoY: —
· reported profit +700.0%
Cash & debt
FY26 cash from operations ₹197 Cr:
318% of FY26 net profit of ₹62.0 Cr.
Borrowings ₹817 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹450 ₹496
+10.3% above Net profit ₹2.7 ₹32.0
+999.0% above
M Cap ₹713 Cr
P/E 9.9
PEG 1.41
Turnaround: profit against a loss a year ago Operating margin contracted 1270 bps YoY 26% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.1% +5.7%
111 105 99.9 Operating profit
-33.5% -4.5%
21.0 22.0 31.6 OPM %
-1270 bps -203 bps
18.9% 21.0% 31.6% Other income
-1.0% -37.5%
5.0 8.0 5.1 Net profit?
from loss -6.2%
15.0 16.0 -13.2 PAT margin %
+2671 bps -172 bps
13.5% 15.2% -13.2% EPS (₹)
from loss -5.4%
2.12 2.24 -1.83
Quality of profit
Pre-tax profit ₹19.0 Cr: core business ₹14.0 Cr, other income ₹5.0 Cr.
Core profit YoY: -40.5%
Cash & debt
FY26 cash from operations ₹79.0 Cr:
109% of FY26 net profit of ₹72.8 Cr.
Borrowings ₹76.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹105 ₹111
+5.4% above
Turnaround: profit against a loss a year ago Operating margin expanded 365 bps YoY 67% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+2.5% +3.3%
117 114 115 Operating profit
+164.8% +7.0%
7.0 6.5 2.6 OPM %
+365 bps +21 bps
6.0% 5.7% 2.3% Other income
+596.7% from loss 2.1 -0.5 0.3 Net profit
from loss +595.1%
2.9 0.4 -0.6 PAT margin %
+293 bps +207 bps
2.4% 0.4% -0.5% EPS (₹)
from loss +595.5%
1.53 0.22 -0.31
Quality of profit
Pre-tax profit ₹3.1 Cr: core business ₹1.0 Cr, other income ₹2.1 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹6.0 Cr:
476% of FY26 net profit of ₹1.3 Cr.
Borrowings ₹54.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹133 ₹117
-11.5% below
M Cap ₹709 Cr
P/E 12.5
PEG —
Profit -85% below its own trend Operating margin contracted 552 bps YoY 47% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-34.6% +13.1%
253 224 387 Operating profit
-71.9% -52.6%
10.6 22.2 37.5 OPM %
-552 bps -577 bps
4.2% 9.9% 9.7% Other income
+2.5% +32.7%
5.8 4.4 5.7 Net profit?
-83.5% -66.9%
5.7 17.3 34.8 PAT margin %
-672 bps -547 bps
2.3% 7.7% 9.0% EPS (₹)
-83.8% -68.4%
0.25 0.79 1.54
Quality of profit
Pre-tax profit ₹12.5 Cr: core business ₹6.7 Cr, other income ₹5.8 Cr.
Core profit YoY: -78.5%
· reported profit -83.5%
Cash & debt
FY26 cash from operations −₹122 Cr:
-214% of FY26 net profit of ₹56.9 Cr.
Borrowings ₹300 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹498 ₹253
-49.2% below Net profit ₹38.5 ₹5.7
-85.2% below
M Cap ₹694 Cr
P/E 30.6
PEG —
Profit +73% 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
+13.0% -13.7%
116 135 103 Operating profit
+15.0% -38.4%
17.5 28.4 15.2 OPM %
+26 bps -603 bps
15.1% 21.1% 14.8% Other income
-4.5% -22.8%
3.8 4.9 4.0 Net profit?
+34.4% -65.6%
2.9 8.3 2.1 PAT margin %
+39 bps -369 bps
2.4% 6.1% 2.1% EPS (₹)
+38.0% -60.8%
0.69 1.76 0.50
Quality of profit
Pre-tax profit ₹3.1 Cr: core business −₹0.7 Cr, other income ₹3.8 Cr.
Core profit YoY: loss narrowed
· reported profit +34.4%
Cash & debt
FY26 cash from operations ₹85.0 Cr:
410% of FY26 net profit of ₹20.7 Cr.
Borrowings ₹140 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹110 ₹116
+5.5% above Net profit ₹1.6 ₹2.9
+72.9% above
M Cap ₹694 Cr
P/E 155.3
PEG —
Operating margin contracted 874 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
-34.1% -20.1%
20.2 25.3 30.7 Operating profit
loss widened to loss -2.3 2.4 -0.9 OPM %
-874 bps -2099 bps
-11.6% 9.4% -2.8% Other income
+64.1% —
4.7 0.0 2.9 Net profit?
-80.6% -66.3%
0.3 0.9 1.6 PAT margin %
-357 bps -203 bps
1.5% 3.5% 5.1% EPS (₹)
-75.0% -60.0%
0.02 0.05 0.08
Quality of profit
Pre-tax profit ₹0.8 Cr: core business −₹3.9 Cr, other income ₹4.7 Cr.
Core profit YoY: loss widened
· reported profit -80.6%
M Cap ₹660 Cr
P/E 20.1
PEG 5.03
Profit +58% above its own trend Operating margin expanded 326 bps YoY 26% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +52%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+17.9% +2.9%
62.7 60.9 53.2 Operating profit
+48.4% +27.0%
9.9 7.8 6.7 OPM %
+326 bps +300 bps
15.9% 12.9% 12.6% Other income
+228.8% +28.1%
3.3 2.6 1.0 Net profit
+82.6% +28.4%
9.7 7.5 5.3 PAT margin %
+546 bps +306 bps
15.4% 12.4% 10.0% EPS (₹)
+82.5% +28.6%
4.18 3.25 2.29
Quality of profit
Pre-tax profit ₹12.8 Cr: core business ₹9.5 Cr, other income ₹3.3 Cr.
Core profit YoY: +51.9%
· reported profit +82.6%
Cash & debt
FY26 cash from operations ₹31.0 Cr:
108% of FY26 net profit of ₹28.7 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹57.7 ₹62.7
+8.7% above Net profit ₹6.1 ₹9.7
+57.7% above
M Cap ₹659 Cr
P/E 3.5
PEG 0.14
Turnaround: profit against a loss a year ago Operating margin expanded 770 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
+4.9% -1.7%
281 286 268 Operating profit
+82.1% +45.7%
51.0 35.0 28.0 OPM %
+770 bps +591 bps
18.1% 12.2% 10.4% Other income
+165.0% +98.8%
159 80.0 60.0 Net profit?
from loss +88.6%
132 70.0 -114 PAT margin %
+8951 bps +2250 bps
47.0% 24.5% -42.5% EPS (₹)
from loss +138.5%
6.25 2.62 -1.56
Quality of profit
Pre-tax profit ₹140 Cr: core business −₹19.0 Cr, other income ₹159 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹172 Cr:
82% of FY26 net profit of ₹209 Cr.
Borrowings ₹827 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹278 ₹281
+1.0% in line
M Cap ₹654 Cr
P/E 56.8
PEG —
Operating margin contracted 202 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
-16.0% +0.9%
246 244 293 Operating profit
-61.2% +13.3%
4.3 3.8 11.0 OPM %
-202 bps +19 bps
1.7% 1.5% 3.8% Other income
+239.5% +51.6%
4.2 2.8 1.2 Net profit?
-43.2% +112.9%
3.8 1.8 6.7 PAT margin %
-74 bps +81 bps
1.5% 0.7% 2.3% EPS (₹)
-25.0% +200.0%
0.03 0.01 0.04
Quality of profit
Pre-tax profit ₹3.6 Cr: core business −₹0.6 Cr, other income ₹4.2 Cr.
Core profit YoY: to loss
· reported profit -43.2%
Cash & debt
FY26 cash from operations −₹109 Cr:
-946% of FY26 net profit of ₹11.5 Cr.
Borrowings ₹130 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹339 ₹246
-27.3% below Net profit ₹3.7 ₹3.8
+1.5% in line
M Cap ₹650 Cr
P/E 7.1
PEG 0.79
Profit -11% below its own trend Operating margin contracted 225 bps YoY 29% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -23%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.7% +2.0%
314 308 286 Operating profit
-14.5% -35.6%
25.0 38.8 29.2 OPM %
-225 bps -464 bps
8.0% 12.6% 10.2% Other income
+525.0% +591.7%
6.0 0.9 1.0 Net profit?
+4.2% -21.3%
20.0 25.4 19.2 PAT margin %
-34 bps -189 bps
6.4% 8.3% 6.7% EPS (₹)
-2.6% -22.9%
0.37 0.48 adj. 0.38
EPS restated for the ₹5 to ₹1 split of Jul 2025: Mar 2025 ₹1.90 to ₹0.38.
Quality of profit
Pre-tax profit ₹21.0 Cr: core business ₹15.0 Cr, other income ₹6.0 Cr.
Core profit YoY: -23.4%
· reported profit +4.2%
Cash & debt
FY26 cash from operations −₹10.0 Cr:
-11% of FY26 net profit of ₹92.1 Cr.
Borrowings ₹191 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹320 ₹314
-1.9% in line Net profit ₹22.6 ₹20.0
-11.4% below
Profit +551% above its own trend All of pre-tax profit came from other income or one-off items Borrowings down 41% since Mar 2025
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss widened -11.7 -10.1 -14.0 Other income
-8.4% +3.2%
25.6 24.9 28.0 Net profit?
+225.7% -41.0%
9.8 16.6 3.0 EPS (₹)
+207.5% -40.9%
1.63 2.76 0.53
Quality of profit
Pre-tax profit ₹13.4 Cr: core business −₹12.2 Cr, other income ₹25.6 Cr.
Core profit YoY: loss narrowed
· reported profit +225.7%
Cash & debt
Borrowings ₹1,177 Cr at Sep 2025, against ₹1,981 Cr at Mar 2025 (-41% ).
Against its own trend ?
Trend Actual Gap
Net profit ₹1.5 ₹9.8
+551.3% above
M Cap ₹641 Cr
P/E 36.5
PEG —
Profit +546% above its own trend Operating margin expanded 231 bps YoY 35% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +246%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.2% +14.4%
166 145 149 Operating profit
+35.5% +67.0%
21.4 12.8 15.8 OPM %
+231 bps +406 bps
12.9% 8.8% 10.6% Other income
+130.5% +514.3%
2.9 0.5 1.3 Net profit?
+778.6% from loss 8.9 -2.6 1.0 PAT margin %
+468 bps +716 bps
5.4% -1.8% 0.7% EPS (₹)
+776.3% from loss 5.17 -1.52 0.59
Quality of profit
Pre-tax profit ₹10.2 Cr: core business ₹6.7 Cr, other income ₹2.9 Cr, exceptional & other items ₹0.7 Cr.
Core profit YoY: +245.8%
· reported profit +778.6%
Cash & debt
FY26 cash from operations ₹44.0 Cr:
290% of FY26 net profit of ₹15.2 Cr.
Borrowings ₹137 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹173 ₹166
-3.8% in line Net profit ₹1.4 ₹8.9
+545.9% above
M Cap ₹640 Cr
P/E 13.9
PEG 0.21
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items FY26 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.0% +0.0%
1.0 1.0 1.0 Operating profit
loss narrowed -100.0%
0.0 1.0 -21.0 OPM %
— -10000 bps
0.0% 100.0% — Other income
— +100.0%
30.0 15.0 0.0 Net profit?
from loss +100.0%
26.0 13.0 -18.0 EPS (₹)
from loss +97.5%
2.33 1.18 -1.66
Quality of profit
Pre-tax profit ₹30.0 Cr: core business ₹0.0 Cr, other income ₹30.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹0.0 Cr:
0% of FY26 net profit of ₹46.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1.0 ₹1.0
+0.0% in line
M Cap ₹633 Cr
P/E 21.8
PEG 1.21
Profit -87% below its own trend Operating margin contracted 4648 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
+22.6% -6.6%
32.6 34.9 26.6 Operating profit
-78.8% -74.2%
3.2 12.2 14.9 OPM %
-4648 bps -2542 bps
9.7% 35.1% 56.2% Other income
+48.4% -26.1%
2.6 3.5 1.7 Net profit?
-84.2% -79.7%
1.8 9.0 11.5 PAT margin %
-3768 bps -2013 bps
5.6% 25.7% 43.3% EPS (₹)
-74.7% -69.3%
1.42 4.63 5.61
Quality of profit
Pre-tax profit ₹1.9 Cr: core business −₹0.6 Cr, other income ₹2.6 Cr.
Core profit YoY: to loss
· reported profit -84.2%
Cash & debt
FY26 cash from operations ₹27.0 Cr:
74% of FY26 net profit of ₹36.6 Cr.
Borrowings ₹58.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.2 ₹32.6
-1.9% in line Net profit ₹13.9 ₹1.8
-86.9% below
M Cap ₹632 Cr
P/E 39.6
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 230 bps YoY 72% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-6.8% +3.4%
145 140 155 Operating profit
-20.7% +40.1%
19.0 13.6 24.0 OPM %
-230 bps +344 bps
13.1% 9.7% 15.4% Other income
+28.3% +28.1%
5.7 4.4 4.4 Net profit?
from loss +475.5%
6.1 1.1 -0.4 PAT margin %
+445 bps +344 bps
4.2% 0.8% -0.3% EPS (₹)
from loss +525.0%
0.25 0.04 -0.02
Quality of profit
Pre-tax profit ₹7.8 Cr: core business ₹2.2 Cr, other income ₹5.7 Cr.
Core profit YoY: -62.0%
Against its own trend ?
Trend Actual Gap
Sales ₹168 ₹145
-14.0% below
M Cap ₹625 Cr
P/E 15.2
PEG 7.62
Profit -76% below its own trend Operating margin expanded 3915 bps YoY 32% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.1% +2.5%
21.6 21.1 20.5 Operating profit
+220.7% +21.6%
12.6 10.3 3.9 OPM %
+3915 bps +915 bps
58.2% 49.1% 19.1% Other income
-51.9% -23.4%
3.7 4.8 7.6 Net profit?
-69.7% -9.2%
9.9 10.9 32.5 PAT margin %
— -588 bps
45.7% 51.6% — EPS (₹)
-69.7% -9.1%
0.40 0.44 1.32
Quality of profit
Pre-tax profit ₹11.5 Cr: core business ₹7.9 Cr, other income ₹3.7 Cr.
Core profit YoY: from loss
· reported profit -69.7%
Cash & debt
FY26 cash from operations ₹43.0 Cr:
116% of FY26 net profit of ₹37.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹19.6 ₹21.6
+10.3% above Net profit ₹41.8 ₹9.9
-76.4% below
M Cap ₹617 Cr
P/E 35.9
PEG —
Profit +193% above its own trend All of pre-tax profit came from other income or one-off items Exceptional items of ₹-2.7 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-14.3% +0.5%
213 212 249 Operating profit
+7.0% -64.1%
4.6 12.7 4.3 OPM %
+43 bps -384 bps
2.1% 6.0% 1.7% Other income
+12.3% +89.4%
13.6 7.2 12.1 Net profit?
+46.7% from loss 9.0 -0.1 6.2 PAT margin %
+176 bps +429 bps
4.2% -0.1% 2.5% EPS (₹)
+46.6% from loss 1.51 -0.01 1.03
Quality of profit
Pre-tax profit ₹12.3 Cr: core business −₹4.0 Cr, other income ₹13.6 Cr, exceptional & other items ₹2.7 Cr.
Core profit YoY: loss narrowed
· reported profit +46.7%
Cash & debt
FY26 cash from operations ₹10.0 Cr:
70% of FY26 net profit of ₹14.2 Cr.
Borrowings ₹15.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹225 ₹213
-5.0% below Net profit ₹3.1 ₹9.0
+193.3% above
M Cap ₹609 Cr
P/E 42.1
PEG —
33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +20%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+17.5% +152.6%
159 62.8 135 Operating profit
+21.0% from loss 22.2 -11.6 18.4 OPM %
+40 bps +3249 bps
14.0% -18.5% 13.6% Other income
+199.4% +38.7%
9.8 7.1 3.3 Net profit?
+46.2% from loss 22.1 -5.7 15.1 PAT margin %
+273 bps +2297 bps
13.9% -9.1% 11.2% EPS (₹)
+6.4% from loss 4.96 -1.28 4.66
Quality of profit
Pre-tax profit ₹29.9 Cr: core business ₹20.0 Cr, other income ₹9.8 Cr.
Core profit YoY: +20.4%
· reported profit +46.2%
M Cap ₹602 Cr
P/E 21.8
PEG —
Profit -69% below its own trend Operating margin expanded 252 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
+9.3% -0.5%
266 267 243 Operating profit
+118.6% -15.3%
13.4 15.8 6.1 OPM %
+252 bps -89 bps
5.1% 5.9% 2.5% Other income
+413.9% +362.2%
3.8 0.8 0.7 Net profit
-84.5% -17.0%
7.5 9.0 48.4 PAT margin %
-1710 bps -56 bps
2.8% 3.4% 19.9% EPS (₹)
— -38.9%
0.11 0.18 —
Quality of profit
Pre-tax profit ₹8.8 Cr: core business ₹5.1 Cr, other income ₹3.8 Cr.
Core profit YoY: from loss
· reported profit -84.5%
Against its own trend ?
Trend Actual Gap
Sales ₹242 ₹266
+9.8% above Net profit ₹24.2 ₹7.5
-69.0% below
M Cap ₹594 Cr
P/E 44.4
PEG —
Profit -50% below its own trend Operating margin contracted 249 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
+3.5% +67.6%
255 152 246 Operating profit
-78.7% -70.5%
1.6 5.5 7.7 OPM %
-249 bps -301 bps
0.6% 3.7% 3.1% Other income
+159.9% +121.1%
3.6 1.6 1.4 Net profit
-56.9% -39.9%
1.7 2.8 3.9 PAT margin %
-93 bps -120 bps
0.7% 1.9% 1.6% EPS (₹)
-61.6% -46.2%
0.28 0.52 0.73
Quality of profit
Pre-tax profit ₹2.5 Cr: core business −₹1.1 Cr, other income ₹3.6 Cr.
Core profit YoY: to loss
· reported profit -56.9%
Cash & debt
FY26 cash from operations ₹18.0 Cr:
138% of FY26 net profit of ₹13.0 Cr.
Borrowings ₹55.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹242 ₹255
+5.3% above Net profit ₹3.4 ₹1.7
-50.2% below
M Cap ₹588 Cr
P/E 45.9
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 6535 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
+21.5% +6.9%
166 155 137 Operating profit
loss narrowed loss narrowed -2.9 -6.3 -91.8 OPM %
+6535 bps +230 bps
-1.8% -4.1% -67.1% Other income
-78.6% -2.1%
21.9 22.4 103 Net profit?
from loss +123.8%
4.1 1.9 -1.9 PAT margin %
+386 bps +130 bps
2.5% 1.2% -1.4% EPS (₹)
from loss +100.0%
0.04 0.02 -0.02
Quality of profit
Pre-tax profit ₹3.7 Cr: core business −₹18.2 Cr, other income ₹21.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹75.0 Cr:
585% of FY26 net profit of ₹12.8 Cr.
Borrowings ₹127 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹132 ₹166
+25.9% above
M Cap ₹583 Cr
P/E 12.0
PEG —
Profit +160% above its own trend Operating margin contracted 221 bps YoY 37% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -14%) FY26 operating cash flow was only 48% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+21.9% +23.2%
223 181 183 Operating profit
-5.6% -5.6%
17.0 18.0 18.0 OPM %
-221 bps -232 bps
7.6% 9.9% 9.8% Other income
+500.0% —
6.0 0.0 1.0 Net profit
+30.0% +30.0%
13.0 10.0 10.0 PAT margin %
+37 bps +30 bps
5.8% 5.5% 5.5% EPS (₹)
+31.2% +33.3%
5.64 4.23 4.30
Quality of profit
Pre-tax profit ₹19.0 Cr: core business ₹12.0 Cr, other income ₹6.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -14.3%
· reported profit +30.0%
Cash & debt
FY26 cash from operations ₹20.0 Cr:
48% of FY26 net profit of ₹42.0 Cr.
Borrowings ₹19.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹177 ₹223
+26.1% above Net profit ₹5.0 ₹13.0
+160.0% above
M Cap ₹583 Cr
P/E 45.5
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 556 bps YoY 63% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+35.9% -1.1%
378 383 278 Operating profit
+181.5% +10.3%
40.6 36.9 14.4 OPM %
+556 bps +111 bps
10.7% 9.6% 5.2% Other income
-22.0% +219.0%
8.1 2.5 10.3 Net profit?
from loss from loss 8.2 -0.7 -2.3 PAT margin %
+300 bps +236 bps
2.2% -0.2% -0.8% EPS (₹)
from loss from loss 7.50 -0.68 -2.12
Quality of profit
Pre-tax profit ₹12.9 Cr: core business ₹4.8 Cr, other income ₹8.1 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹142 Cr:
-783% of FY26 net profit of ₹18.1 Cr.
Borrowings ₹959 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹557 ₹378
-32.0% 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, 20:15 IST
