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: 44 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 ₹433 Cr
P/E 88.0
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 3364 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
-24.3% -20.6%
12.8 16.2 17.0 Operating profit
loss narrowed loss narrowed -2.2 -3.9 -8.6 OPM %
+3364 bps +745 bps
-16.8% -24.3% -50.5% Other income
-8.0% -21.2%
5.3 6.7 5.7 Net profit?
from loss +730.3%
1.8 0.2 -9.5 PAT margin %
+7045 bps +1289 bps
14.3% 1.4% -56.2% EPS (₹)
from loss +176.5%
1.41 0.51 -7.42
Quality of profit
Pre-tax profit ₹1.3 Cr: core business −₹4.0 Cr, other income ₹5.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹38.8 Cr:
-761% of FY26 net profit of ₹5.1 Cr.
Borrowings ₹40.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹22.2 ₹12.8
-42.1% below
Profit +194% above its own trend Operating margin contracted 176 bps YoY All of pre-tax profit came from other income or one-off items FY26 operating cash flow was only 37% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-7.3% -0.5%
239 240 258 Operating profit
-38.8% -70.9%
8.2 28.0 13.3 OPM %
-176 bps -824 bps
3.4% 11.6% 5.2% Other income
+222.6% +252.3%
9.4 2.7 2.9 Net profit?
+219.4% -69.9%
5.1 17.1 1.6 PAT margin %
+153 bps -497 bps
2.2% 7.1% 0.6% EPS (₹)
+219.4% -69.9%
0.99 3.29 0.31
Quality of profit
Pre-tax profit ₹7.3 Cr: core business −₹2.1 Cr, other income ₹9.4 Cr.
Core profit YoY: to loss
· reported profit +219.4%
Cash & debt
FY26 cash from operations ₹16.0 Cr:
37% of FY26 net profit of ₹43.4 Cr.
Borrowings ₹427 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹264 ₹239
-9.5% below Net profit ₹1.8 ₹5.1
+193.6% above
M Cap ₹420 Cr
P/E 30.1
PEG 0.34
25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+22.5% +34.9%
104 77.2 85.1 Operating profit
+21.1% -5.0%
8.9 9.4 7.4 OPM %
-10 bps -361 bps
8.6% 12.2% 8.7% Other income
-59.9% -66.1%
0.7 2.0 1.7 Net profit?
-7.3% -40.1%
2.0 3.3 2.1 PAT margin %
-60 bps -236 bps
1.9% 4.2% 2.5% EPS (₹)
-55.3% -42.2%
0.89 1.54 1.99
Quality of profit
Pre-tax profit ₹2.7 Cr: core business ₹2.0 Cr, other income ₹0.7 Cr.
Core profit YoY: +9.0%
· reported profit -7.3%
Cash & debt
FY26 cash from operations ₹34.0 Cr:
261% of FY26 net profit of ₹13.0 Cr.
Borrowings ₹147 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹86.6 ₹104
+20.4% above Net profit ₹2.1 ₹2.0
-8.0% in line
Profit -66% below its own trend Operating margin contracted 5939 bps YoY 34% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -67%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+104.8% -98.7%
60.6 4,691 29.6 Operating profit
-73.2% -98.8%
5.4 438 20.2 OPM %
-5939 bps -37 bps
9.0% 9.3% 68.3% Other income
+254.2% -96.7%
1.7 53.5 0.5 Net profit?
-32.1% -97.3%
4.5 163 6.6 PAT margin %
-1480 bps +385 bps
7.3% 3.5% 22.1% EPS (₹)
+50.0% +77.0%
2.85 1.61 1.90
Quality of profit
Pre-tax profit ₹5.1 Cr: core business ₹3.3 Cr, other income ₹1.7 Cr.
Core profit YoY: -66.8%
· reported profit -32.1%
Cash & debt
FY26 cash from operations −₹33.0 Cr:
-9% of FY26 net profit of ₹381 Cr.
Borrowings ₹48.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹59.2 ₹60.6
+2.4% in line Net profit ₹13.1 ₹4.5
-66.0% below
Operating margin contracted 495 bps YoY 49% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -45%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.1% +4.2%
63.5 60.9 59.3 Operating profit
-17.3% -7.9%
10.7 11.6 12.9 OPM %
-495 bps -220 bps
16.8% 19.0% 21.7% Other income
+56.5% +362.6%
4.2 0.9 2.7 Net profit
-19.9% +25.2%
8.6 6.9 10.7 PAT margin %
-457 bps +227 bps
13.6% 11.3% 18.1% EPS (₹)
-18.8% +30.0%
0.13 0.10 0.16
Quality of profit
Pre-tax profit ₹8.6 Cr: core business ₹4.4 Cr, other income ₹4.2 Cr.
Core profit YoY: -45.5%
· reported profit -19.9%
Cash & debt
FY26 cash from operations ₹36.0 Cr:
1731% of FY26 net profit of ₹2.1 Cr.
Borrowings ₹35.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹57.5 ₹63.5
+10.4% above Net profit ₹9.2 ₹8.6
-6.2% in line
M Cap ₹401 Cr
P/E 39.3
PEG —
Operating margin expanded 693 bps YoY 28% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-9.4% +0.1%
59.3 59.2 65.4 Operating profit
+3.7% +35.6%
32.5 23.9 31.3 OPM %
+693 bps +1436 bps
54.8% 40.4% 47.9% Other income
+0.0% +93.5%
2.9 1.5 2.9 Net profit?
+275.5% from loss 8.0 -1.0 2.1 PAT margin %
+1019 bps +1514 bps
13.4% -1.7% 3.2% EPS (₹)
+183.9% from loss 0.88 -0.15 0.31
Quality of profit
Pre-tax profit ₹10.5 Cr: core business ₹7.6 Cr, other income ₹2.9 Cr.
Core profit YoY: from loss
· reported profit +275.5%
M Cap ₹401 Cr
P/E 70.0
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 2113 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
+18.1% +155.5%
139 54.4 118 Operating profit
loss narrowed loss widened -9.0 -1.7 -32.5 OPM %
+2113 bps -327 bps
-6.5% -3.2% -27.6% Other income
+384.0% +265.7%
18.0 4.9 3.7 Net profit?
from loss from loss 11.0 -7.4 -32.4 PAT margin %
+3547 bps +2157 bps
7.9% -13.7% -27.6% EPS (₹)
from loss from loss 0.31 -0.30 -1.35
Quality of profit
Pre-tax profit ₹11.0 Cr: core business −₹6.0 Cr, other income ₹18.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹9.0 Cr:
157% of FY26 net profit of ₹5.7 Cr.
Borrowings ₹29.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹63.8 ₹139
+117.8% above
M Cap ₹400 Cr
P/E 444.8
PEG 8.90
Profit -20% below its own trend 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
— —
0.0 0.0 0.0 Operating profit
loss widened loss widened -1.1 -0.9 -0.9 Other income
+11.4% +0.8%
1.3 1.3 1.1 Net profit
+7.1% -34.8%
0.1 0.2 0.1 EPS (₹)
+0.0% -42.9%
0.04 0.07 0.04
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹1.1 Cr, other income ₹1.3 Cr.
Core profit YoY: loss widened
· reported profit +7.1%
Cash & debt
FY26 cash from operations −₹4.7 Cr:
-520% of FY26 net profit of ₹0.9 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.2 ₹0.1
-19.6% below
M Cap ₹398 Cr
P/E 16.2
PEG 0.39
Profit +36% above its own trend 25% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +58%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+14.4% +13.3%
267 236 233 Operating profit
+9.2% +10.1%
16.1 14.6 14.7 OPM %
-29 bps -18 bps
6.0% 6.2% 6.3% Other income
+280.4% +197.0%
2.8 0.9 0.7 Net profit
+84.4% +68.4%
8.3 4.9 4.5 PAT margin %
+118 bps +102 bps
3.1% 2.1% 1.9% EPS (₹)
+88.2% +69.3%
6.40 3.78 3.40
Quality of profit
Pre-tax profit ₹11.1 Cr: core business ₹8.2 Cr, other income ₹2.8 Cr.
Core profit YoY: +58.1%
· reported profit +84.4%
Cash & debt
FY26 cash from operations ₹43.0 Cr:
208% of FY26 net profit of ₹20.6 Cr.
Borrowings ₹103 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹296 ₹267
-9.7% below Net profit ₹6.1 ₹8.3
+36.3% above
M Cap ₹396 Cr
P/E 12.5
PEG 1.04
Profit -29% below its own trend Operating margin contracted 355 bps YoY 51% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 39% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+1.4% +7.8%
62.3 57.8 61.5 Operating profit
-26.9% +64.1%
5.7 3.5 7.8 OPM %
-355 bps +314 bps
9.2% 6.0% 12.7% Other income
-8.5% -18.6%
4.9 6.0 5.3 Net profit?
-26.3% +8.2%
7.1 6.5 9.6 PAT margin %
-427 bps +4 bps
11.3% 11.3% 15.6% EPS (₹)
-26.3% +8.1%
2.27 2.10 3.08
Quality of profit
Pre-tax profit ₹9.5 Cr: core business ₹4.7 Cr, other income ₹4.9 Cr.
Core profit YoY: -30.3%
· reported profit -26.3%
Cash & debt
FY26 cash from operations ₹12.0 Cr:
39% of FY26 net profit of ₹30.4 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹62.1 ₹62.3
+0.4% in line Net profit ₹10.0 ₹7.1
-29.1% below
Profit -57% below its own trend Operating margin expanded 1667 bps YoY 81% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +300%) FY26 operating cash flow was only 18% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+166.7% +60.0%
8.0 5.0 3.0 Operating profit
+300.0% +100.0%
4.0 2.0 1.0 OPM %
+1667 bps +1000 bps
50.0% 40.0% 33.3% Other income
+0.0% +38.5%
18.0 13.0 18.0 Net profit?
-14.3% +38.5%
18.0 13.0 21.0 EPS (₹)
-14.3% +39.1%
10.86 7.81 12.67
Quality of profit
Pre-tax profit ₹21.0 Cr: core business ₹4.0 Cr, other income ₹18.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +300.0%
· reported profit -14.3%
Cash & debt
FY26 cash from operations ₹11.0 Cr:
18% of FY26 net profit of ₹62.0 Cr.
Borrowings ₹10.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2.5 ₹8.0
+215.5% above Net profit ₹42.0 ₹18.0
-57.1% below
M Cap ₹382 Cr
P/E 45.9
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 630 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
-26.1% -29.8%
43.4 61.9 58.7 Operating profit
from loss -78.2%
1.1 5.2 -2.2 OPM %
+630 bps -577 bps
2.6% 8.4% -3.7% Other income
+70.4% +343.5%
2.8 0.6 1.7 Net profit?
from loss +83.0%
2.5 1.4 -5.9 PAT margin %
+1588 bps +358 bps
5.8% 2.2% -10.1% EPS (₹)
from loss +82.7%
1.37 0.75 -3.22
Quality of profit
Pre-tax profit ₹3.9 Cr: core business ₹1.1 Cr, other income ₹2.8 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹17.0 Cr:
228% of FY26 net profit of ₹7.5 Cr.
Borrowings ₹60.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹53.0 ₹43.4
-18.1% below
M Cap ₹380 Cr
P/E 46.7
PEG —
Profit +11% above its own trend Operating margin contracted 694 bps YoY 48% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -57%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+47.3% +1.4%
83.8 82.7 56.9 Operating profit
-12.8% -37.0%
8.4 13.4 9.7 OPM %
-694 bps -614 bps
10.1% 16.2% 17.0% Other income
+17.9% +7.9%
0.7 0.6 0.6 Net profit
+0.4% -25.6%
1.9 2.6 1.9 PAT margin %
-109 bps -85 bps
2.3% 3.2% 3.4% EPS (₹)
-95.0% +0.0%
0.01 0.01 0.20
Quality of profit
Pre-tax profit ₹1.4 Cr: core business ₹0.7 Cr, other income ₹0.7 Cr.
Core profit YoY: -56.5%
· reported profit +0.4%
Cash & debt
FY26 cash from operations −₹47.0 Cr:
-552% of FY26 net profit of ₹8.5 Cr.
Borrowings ₹250 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹57.6 ₹83.8
+45.5% above Net profit ₹1.8 ₹1.9
+10.7% above
M Cap ₹378 Cr
P/E 19.9
PEG 0.66
Profit -71% below its own trend Operating margin contracted 671 bps YoY 38% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+23.2% -3.4%
170 176 138 Operating profit
-36.8% -42.9%
12.0 21.0 19.0 OPM %
-671 bps -487 bps
7.1% 11.9% 13.8% Other income
+0.0% +100.0%
2.0 1.0 2.0 Net profit?
-41.7% -41.7%
7.0 12.0 12.0 PAT margin %
-458 bps -270 bps
4.1% 6.8% 8.7% EPS (₹)
-43.3% -46.1%
2.71 5.03 4.78
Quality of profit
Pre-tax profit ₹8.0 Cr: core business ₹5.0 Cr, other income ₹2.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -61.5%
· reported profit -41.7%
Cash & debt
FY26 cash from operations −₹9.0 Cr.
Borrowings ₹77.0 Cr at Sep 2025, against ₹65.0 Cr at Mar 2025 (+18% ).
Against its own trend ?
Trend Actual Gap
Sales ₹221 ₹170
-23.0% below Net profit ₹24.0 ₹7.0
-70.8% below
M Cap ₹376 Cr
P/E 18.2
PEG —
Profit -56% below 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
+22.8% -1.8%
1,056 1,076 860 Operating profit
-63.0% -67.5%
3.5 10.6 9.3 OPM %
-76 bps -66 bps
0.3% 1.0% 1.1% Other income
+38.5% +107.8%
14.2 6.8 10.2 Net profit?
-11.9% +11.4%
5.8 5.2 6.6 PAT margin %
-22 bps +7 bps
0.6% 0.5% 0.8% EPS (₹)
-11.9% +11.3%
0.59 0.53 0.67
Quality of profit
Pre-tax profit ₹7.6 Cr: core business −₹6.5 Cr, other income ₹14.2 Cr.
Core profit YoY: loss widened
· reported profit -11.9%
Cash & debt
FY26 cash from operations ₹34.0 Cr:
184% of FY26 net profit of ₹18.5 Cr.
Borrowings ₹383 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,036 ₹1,056
+1.9% in line Net profit ₹13.3 ₹5.8
-55.9% below
M Cap ₹372 Cr
P/E 10.1
PEG 0.01
Profit +17% above its own trend 63% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -56%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-48.5% +8.1%
540 500 1,049 Operating profit
-62.1% -38.1%
13.0 21.0 34.4 OPM %
-87 bps -180 bps
2.4% 4.2% 3.3% Other income
+479.6% +549.2%
9.4 1.4 1.6 Net profit
-10.5% +219.9%
9.5 3.0 10.6 PAT margin %
+75 bps +117 bps
1.8% 0.6% 1.0% EPS (₹)
+0.0% +250.0%
0.07 0.02 0.07
Quality of profit
Pre-tax profit ₹15.0 Cr: core business ₹5.6 Cr, other income ₹9.4 Cr.
Core profit YoY: -56.4%
· reported profit -10.5%
Cash & debt
FY26 cash from operations ₹144 Cr:
435% of FY26 net profit of ₹33.1 Cr.
Borrowings ₹118 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,245 ₹540
-56.6% below Net profit ₹8.1 ₹9.5
+17.1% above
M Cap ₹368 Cr
P/E 19.7
PEG —
Profit -29% below its own trend Operating margin contracted 418 bps YoY 55% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -72%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.0% +6.1%
180 169 173 Operating profit
-71.5% -23.5%
2.8 3.7 9.9 OPM %
-418 bps -61 bps
1.6% 2.2% 5.8% Other income
— +35.1%
3.4 2.5 0.2 Net profit
-36.0% +2.9%
4.7 4.5 7.3 PAT margin %
-162 bps -8 bps
2.6% 2.7% 4.2% EPS (₹)
-35.9% +2.8%
2.54 2.47 3.96
Quality of profit
Pre-tax profit ₹6.1 Cr: core business ₹2.8 Cr, other income ₹3.4 Cr.
Core profit YoY: -72.0%
· reported profit -36.0%
Cash & debt
FY26 cash from operations −₹16.0 Cr:
-97% of FY26 net profit of ₹16.5 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹176 ₹180
+2.1% in line Net profit ₹6.6 ₹4.7
-29.2% below
Turnaround: profit against a loss a year ago Operating margin expanded 829 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
+52.2% +3.9%
201 194 132 Operating profit
from loss from loss 9.4 -19.6 -4.8 OPM %
+829 bps +1482 bps
4.7% -10.2% -3.6% Other income
-20.7% -76.7%
1.5 6.4 1.9 Net profit
from loss from loss 4.5 -23.4 -6.5 PAT margin %
+718 bps +1430 bps
2.2% -12.1% -4.9% EPS (₹)
from loss from loss 4.91 -25.54 -7.15
Quality of profit
Pre-tax profit ₹4.6 Cr: core business ₹3.1 Cr, other income ₹1.5 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹78.0 Cr.
Borrowings ₹167 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹156 ₹201
+29.1% above
M Cap ₹367 Cr
P/E 9.2
PEG 0.08
Profit +465% above its own trend 60% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +100%) FY26 operating cash flow was only 26% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+48.2% +38.3%
289 209 195 Operating profit
+40.0% +40.0%
28.0 20.0 20.0 OPM %
-57 bps +12 bps
9.7% 9.6% 10.3% Other income
— —
18.0 1.0 1.0 Net profit?
+328.6% +500.0%
30.0 5.0 7.0 PAT margin %
+679 bps +799 bps
10.4% 2.4% 3.6% EPS (₹)
+343.7% +532.1%
6.70 1.06 1.51
Quality of profit
Pre-tax profit ₹30.0 Cr: core business ₹12.0 Cr, other income ₹18.0 Cr.
Core profit YoY: +100.0%
· reported profit +328.6%
Cash & debt
FY26 cash from operations ₹10.0 Cr:
26% of FY26 net profit of ₹38.5 Cr.
Borrowings ₹325 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹208 ₹289
+38.6% above Net profit ₹5.3 ₹30.0
+465.4% above
M Cap ₹366 Cr
P/E 6.0
PEG 0.18
Operating margin expanded 1492 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+51.7% +12.8%
132 117 87.0 Operating profit
+161.1% +23.7%
47.0 38.0 18.0 OPM %
+1492 bps +313 bps
35.6% 32.5% 20.7% Other income
-84.2% -40.0%
6.0 10.0 38.0 Net profit?
+100.0% +23.1%
16.0 13.0 8.0 PAT margin %
+293 bps +101 bps
12.1% 11.1% 9.2% EPS (₹)
+41.5% -14.8%
0.92 1.08 0.65
Quality of profit
Pre-tax profit ₹24.0 Cr: core business ₹17.0 Cr, other income ₹6.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
· reported profit +100.0%
Cash & debt
FY26 cash from operations ₹106 Cr:
324% of FY26 net profit of ₹32.7 Cr.
Borrowings ₹382 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹87.7 ₹132
+50.6% above
M Cap ₹364 Cr
P/E 18.8
PEG —
Operating margin contracted 447 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
+21.2% +25.5%
150 119 123 Operating profit
-37.6% -5.1%
7.1 7.5 11.4 OPM %
-447 bps -153 bps
4.7% 6.3% 9.2% Other income
+84.5% +0.0%
1.8 1.8 1.0 Net profit?
-42.5% -11.4%
4.1 4.6 7.2 PAT margin %
-305 bps -115 bps
2.7% 3.9% 5.8% EPS (₹)
-45.5% -11.6%
1.22 1.38 2.24
Quality of profit
Pre-tax profit ₹5.5 Cr: core business ₹3.7 Cr, other income ₹1.8 Cr.
Core profit YoY: -54.7%
· reported profit -42.5%
M Cap ₹358 Cr
P/E 34.0
PEG —
Profit -50% below its own trend Operating margin contracted 110 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+20.4% +8.3%
130 120 108 Operating profit
+0.0% -2.2%
7.0 7.2 7.0 OPM %
-110 bps -58 bps
5.4% 6.0% 6.5% Other income
+100.0% +100.1%
2.0 1.0 1.0 Net profit?
+0.0% -9.2%
5.0 5.5 5.0 PAT margin %
-78 bps -74 bps
3.8% 4.6% 4.6% EPS (₹)
+25.3% +14.3%
5.50 4.81 4.39
Quality of profit
Pre-tax profit ₹7.0 Cr: core business ₹5.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -16.7%
· reported profit +0.0%
Cash & debt
FY26 cash from operations −₹14.0 Cr.
Borrowings ₹21.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹154 ₹130
-15.4% below Net profit ₹10.0 ₹5.0
-50.0% below
Operating margin expanded 1869 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
-0.4% +3.4%
67.0 64.8 67.3 Operating profit
loss narrowed loss narrowed -13.0 -16.1 -25.6 OPM %
+1869 bps +537 bps
-19.4% -24.8% -38.1% Other income
+216.3% +58.7%
54.0 34.0 17.1 Net profit?
-99.5% +415.0%
31.0 6.0 5,766 PAT margin %
— +3698 bps
46.3% 9.3% — EPS (₹)
-99.5% +426.3%
1.00 0.19 185.59
Quality of profit
Pre-tax profit ₹31.0 Cr: core business −₹23.0 Cr, other income ₹54.0 Cr.
Core profit YoY: loss narrowed
· reported profit -99.5%
Cash & debt
FY26 cash from operations −₹107 Cr.
Borrowings ₹219 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.9 ₹67.0
+97.4% above
M Cap ₹354 Cr
P/E 19.9
PEG 0.66
Profit -48% below its own trend Operating margin contracted 190 bps YoY 47% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -63%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+22.8% +5.9%
130 123 106 Operating profit
+0.2% -25.1%
11.0 14.7 11.0 OPM %
-190 bps -348 bps
8.4% 11.9% 10.3% Other income
+396.1% from loss 2.5 -0.2 0.5 Net profit?
-32.0% -26.6%
4.5 6.1 6.5 PAT margin %
-275 bps -151 bps
3.4% 4.9% 6.2% EPS (₹)
+15.4% +2.0%
1.50 1.47 1.30
Quality of profit
Pre-tax profit ₹5.4 Cr: core business ₹2.9 Cr, other income ₹2.5 Cr.
Core profit YoY: -62.7%
· reported profit -32.0%
Cash & debt
FY26 cash from operations ₹60.0 Cr:
310% of FY26 net profit of ₹19.4 Cr.
Borrowings ₹98.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹136 ₹130
-4.4% in line Net profit ₹8.6 ₹4.5
-48.4% below
M Cap ₹354 Cr
P/E 10.2
PEG 0.46
Profit -35% below its own trend Operating margin contracted 443 bps YoY 91% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -84%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.8% +7.4%
55.8 52.0 52.8 Operating profit
-42.8% -73.9%
2.9 11.2 5.1 OPM %
-443 bps -1625 bps
5.2% 21.5% 9.6% Other income
+23.5% -12.0%
5.4 6.1 4.3 Net profit?
-15.8% -59.4%
5.2 12.8 6.2 PAT margin %
-237 bps -1530 bps
9.3% 24.6% 11.7% EPS (₹)
-16.7% -59.5%
0.30 0.74 0.36
Quality of profit
Pre-tax profit ₹5.9 Cr: core business ₹0.5 Cr, other income ₹5.4 Cr.
Core profit YoY: -83.8%
· reported profit -15.8%
Cash & debt
FY26 cash from operations −₹4.0 Cr:
-14% of FY26 net profit of ₹28.7 Cr.
Borrowings ₹49.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹58.8 ₹55.8
-5.1% below Net profit ₹8.0 ₹5.2
-35.0% below
Operating margin expanded 3404 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
+67.4% +2.9%
52.2 50.7 31.2 Operating profit
from loss from loss 6.0 -1.1 -7.0 OPM %
+3404 bps +1369 bps
11.4% -2.3% -22.6% Other income
+395.8% +271.3%
57.1 15.4 11.5 Net profit?
loss narrowed loss narrowed -8.5 -9.4 -47.5 PAT margin %
— +229 bps
-16.2% -18.5% — EPS (₹)
loss narrowed loss narrowed -0.55 -0.61 -3.87
Quality of profit
Pre-tax profit ₹44.1 Cr: core business −₹13.0 Cr, other income ₹57.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹39.0 Cr.
Borrowings ₹989 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹50.6 ₹52.2
+3.1% in line
M Cap ₹350 Cr
P/E 23.8
PEG —
Operating margin expanded 169 bps YoY 93% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+54.8% +186.3%
436 152 282 Operating profit
+127.8% +188.3%
23.0 8.0 10.1 OPM %
+169 bps +4 bps
5.3% 5.2% 3.6% Other income
+127.3% —
14.0 0.6 6.2 Net profit
+617.5% from loss 15.0 -0.1 2.1 PAT margin %
+270 bps +349 bps
3.4% -0.0% 0.7% EPS (₹)
+621.5% from loss 4.69 -0.02 0.65
Quality of profit
Pre-tax profit ₹15.0 Cr: core business ₹1.0 Cr, other income ₹14.0 Cr.
Core profit YoY: from loss
· reported profit +617.5%
Cash & debt
FY26 cash from operations ₹158 Cr:
1481% of FY26 net profit of ₹10.7 Cr.
Borrowings ₹208 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹354 ₹436
+23.3% above
M Cap ₹342 Cr
P/E 18.3
PEG —
Profit +365% above its own trend Operating margin expanded 405 bps YoY 29% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +175%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-6.1% +35.7%
129 95.3 138 Operating profit
+102.6% +14.9%
9.8 8.5 4.8 OPM %
+405 bps -137 bps
7.6% 8.9% 3.5% Other income
+52.0% +104.0%
3.8 1.9 2.5 Net profit
+132.6% +176.7%
9.4 3.4 4.0 PAT margin %
+433 bps +370 bps
7.3% 3.6% 2.9% EPS (₹)
+133.1% +176.7%
6.06 2.19 2.60
Quality of profit
Pre-tax profit ₹13.0 Cr: core business ₹9.2 Cr, other income ₹3.8 Cr.
Core profit YoY: +175.3%
· reported profit +132.6%
Cash & debt
FY26 cash from operations ₹28.0 Cr:
159% of FY26 net profit of ₹17.6 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹92.7 ₹129
+39.5% above Net profit ₹2.0 ₹9.4
+365.2% above
M Cap ₹342 Cr
P/E 27.6
PEG 9.21
Turnaround: profit against a loss a year ago Operating margin expanded 654 bps YoY 37% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.1% -7.4%
62.2 67.2 55.0 Operating profit
+60.6% -19.8%
13.8 17.2 8.6 OPM %
+654 bps -342 bps
22.1% 25.5% 15.6% Other income
+9.9% -48.0%
1.3 2.5 1.2 Net profit
from loss -46.5%
3.3 6.2 -56.0 PAT margin %
— -390 bps
5.3% 9.2% — EPS (₹)
from loss -46.4%
0.97 1.81 -16.34
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹2.2 Cr, other income ₹1.3 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹38.0 Cr:
194% of FY26 net profit of ₹19.6 Cr.
Borrowings ₹121 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹60.7 ₹62.2
+2.4% in line
M Cap ₹341 Cr
P/E 7.3
PEG 0.23
94% of pre-tax profit came from other income and one-off items Exceptional items of ₹49.8 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+18.6% +25.7%
175 139 147 Operating profit
+12.9% +35.1%
16.9 12.5 15.0 OPM %
-49 bps +67 bps
9.7% 9.0% 10.2% Other income
+125.7% +16.4%
0.5 0.4 0.2 Net profit?
— —
45.4 0.1 2.4 PAT margin %
+2439 bps +2598 bps
26.0% 0.0% 1.6% EPS (₹)
— —
32.20 0.05 1.14
Quality of profit
Pre-tax profit ₹53.3 Cr: core business ₹3.0 Cr, other income ₹0.5 Cr, exceptional & other items ₹49.8 Cr.
Core profit YoY: +42.0%
Cash & debt
FY26 cash from operations ₹33.0 Cr:
76% of FY26 net profit of ₹43.2 Cr.
Borrowings ₹207 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹144 ₹175
+21.6% above
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, 21:03 IST
