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: 45 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
Page 19 of 46
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M Cap ₹189 Cr
P/E 19.1
PEG 0.31
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
+300.0% +300.0%
4.0 1.0 1.0 Operating profit
loss narrowed —
-3.0 -3.0 -6.0 OPM %
— —
-75.0% — — Other income
+41.7% +750.0%
17.0 2.0 12.0 Net profit?
+225.0% from loss 13.0 -2.0 4.0 EPS (₹)
+224.0% from loss 3.24 -0.45 1.00
Quality of profit
Pre-tax profit ₹13.0 Cr: core business −₹4.0 Cr, other income ₹17.0 Cr.
Core profit YoY: loss narrowed
· reported profit +225.0%
Cash & debt
FY26 cash from operations −₹44.6 Cr:
-892% of FY26 net profit of ₹5.0 Cr.
Borrowings ₹31.2 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.6 ₹4.0
+600.0% above
M Cap ₹188 Cr
P/E 14.2
PEG —
Profit +51% above its own trend Operating margin contracted 206 bps YoY 36% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -32%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.6% +12.4%
178 159 167 Operating profit
-35.0% -61.0%
5.7 14.7 8.8 OPM %
-206 bps -606 bps
3.2% 9.3% 5.3% Other income
from loss —
1.3 0.0 -0.1 Net profit
-5.2% -86.0%
1.0 7.4 1.1 PAT margin %
-7 bps -407 bps
0.6% 4.7% 0.7% EPS (₹)
-9.1% -86.5%
0.10 0.74 0.11
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹2.2 Cr, other income ₹1.3 Cr.
Core profit YoY: -31.8%
· reported profit -5.2%
Against its own trend ?
Trend Actual Gap
Sales ₹195 ₹178
-8.6% below Net profit ₹0.7 ₹1.0
+51.2% above
M Cap ₹187 Cr
P/E 23.4
PEG 0.32
Profit -36% 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
-74.9% -86.8%
1.3 10.1 5.3 Operating profit
to loss to loss -1.5 1.7 0.5 Other income
+809.8% -10.1%
2.4 2.7 0.3 Net profit
+28.8% -79.0%
0.7 3.4 0.6 PAT margin %
+4285 bps +1965 bps
53.2% 33.6% 10.4% EPS (₹)
+28.8% -79.0%
0.76 3.62 0.59
Quality of profit
Pre-tax profit ₹0.8 Cr: core business −₹1.6 Cr, other income ₹2.4 Cr.
Core profit YoY: to loss
· reported profit +28.8%
Cash & debt
FY26 cash from operations −₹2.0 Cr:
-19% of FY26 net profit of ₹10.8 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹8.7 ₹1.3
-84.7% below Net profit ₹1.1 ₹0.7
-35.6% below
M Cap ₹187 Cr
P/E 13.5
PEG 0.61
Profit +35% above its own trend Operating margin contracted 355 bps YoY 34% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +1%) FY26 operating cash flow was only 46% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+37.5% -3.2%
56.8 58.7 41.3 Operating profit
+7.3% +65.1%
7.2 4.3 6.7 OPM %
-355 bps +521 bps
12.6% 7.4% 16.1% Other income
+879.5% +322.1%
2.9 0.7 0.3 Net profit
+35.0% +104.2%
5.9 2.9 4.3 PAT margin %
-19 bps +542 bps
10.3% 4.9% 10.5% EPS (₹)
+36.5% +102.9%
0.71 0.35 0.52
Quality of profit
Pre-tax profit ₹8.3 Cr: core business ₹5.5 Cr, other income ₹2.9 Cr.
Core profit YoY: +0.8%
· reported profit +35.0%
Cash & debt
FY26 cash from operations ₹6.0 Cr:
46% of FY26 net profit of ₹13.1 Cr.
Borrowings ₹19.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹50.1 ₹56.8
+13.5% above Net profit ₹4.4 ₹5.9
+34.6% above
M Cap ₹186 Cr
P/E 20.3
PEG 0.88
Profit -31% below its own trend Operating margin contracted 682 bps YoY 33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -51%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+18.7% +13.9%
57.0 50.0 48.0 Operating profit
-24.5% -24.5%
6.8 9.0 9.0 OPM %
-682 bps -607 bps
11.9% 18.0% 18.8% Other income
— +41.6%
1.4 1.0 0.0 Net profit?
+38.5% -16.9%
4.2 5.0 3.0 PAT margin %
+104 bps -271 bps
7.3% 10.0% 6.2% EPS (₹)
+23.1% -13.9%
3.95 4.59 3.21
Quality of profit
Pre-tax profit ₹4.3 Cr: core business ₹2.9 Cr, other income ₹1.4 Cr.
Core profit YoY: -51.3%
· reported profit +38.5%
Cash & debt
FY26 cash from operations ₹5.0 Cr.
Borrowings ₹3.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹52.7 ₹57.0
+8.1% above Net profit ₹6.0 ₹4.2
-30.8% below
M Cap ₹184 Cr
P/E 23.2
PEG 0.32
Profit -38% below its own trend 48% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -23%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-5.9% +39.2%
182 131 194 Operating profit
+25.5% +27.9%
4.3 3.3 3.4 OPM %
+59 bps -21 bps
2.3% 2.6% 1.8% Other income
+162.9% -35.0%
1.1 1.8 0.4 Net profit?
+23.3% +0.3%
2.0 2.0 1.6 PAT margin %
+25 bps -42 bps
1.1% 1.5% 0.8% EPS (₹)
+17.4% -4.4%
1.08 1.13 0.92
Quality of profit
Pre-tax profit ₹2.4 Cr: core business ₹1.3 Cr, other income ₹1.1 Cr.
Core profit YoY: -23.3%
· reported profit +23.3%
Cash & debt
FY26 cash from operations ₹19.0 Cr:
260% of FY26 net profit of ₹7.3 Cr.
Borrowings ₹90.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹311 ₹182
-41.4% below Net profit ₹3.2 ₹2.0
-38.3% below
M Cap ₹182 Cr
P/E 18.7
PEG —
Operating margin expanded 145 bps YoY 32% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +72%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-5.9% -24.2%
130 171 138 Operating profit
+15.5% +68.3%
10.1 6.0 8.8 OPM %
+145 bps +430 bps
7.8% 3.5% 6.4% Other income
-84.4% -34.3%
1.6 2.4 10.2 Net profit?
-46.9% +572.4%
3.7 0.6 7.0 PAT margin %
-220 bps +253 bps
2.9% 0.3% 5.1% EPS (₹)
-33.8% —
0.45 0.02 0.68
Quality of profit
Pre-tax profit ₹5.0 Cr: core business ₹3.4 Cr, other income ₹1.6 Cr.
Core profit YoY: +72.4%
· reported profit -46.9%
Cash & debt
FY26 cash from operations −₹7.0 Cr:
-57% of FY26 net profit of ₹12.3 Cr.
Borrowings ₹232 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹123 ₹130
+5.1% above Net profit ₹3.5 ₹3.7
+6.3% in line
M Cap ₹176 Cr
P/E 13.8
PEG 0.51
Turnaround: profit against a loss a year ago 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
— —
54.2 0.0 0.0 Operating profit
loss narrowed loss widened -0.8 -0.3 -1.1 OPM %
— —
-1.5% — — Other income
from loss +254.5%
5.2 1.5 -3.5 Net profit?
from loss +292.8%
4.4 1.1 -4.9 PAT margin %
— —
8.0% — — EPS (₹)
from loss +262.5%
0.29 0.08 -0.33
Quality of profit
Pre-tax profit ₹4.4 Cr: core business −₹0.8 Cr, other income ₹5.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹4.0 Cr:
-37% of FY26 net profit of ₹10.8 Cr.
Borrowings nil at Mar 2026.
M Cap ₹176 Cr
P/E 334.8
PEG 12.88
Turnaround: profit against a loss a year ago Operating margin expanded 363 bps YoY 61% 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
-8.6% +40.7%
57.1 40.6 62.5 Operating profit
+203.1% -4.8%
3.0 3.1 1.0 OPM %
+363 bps -248 bps
5.2% 7.7% 1.6% Other income
-31.9% +204.8%
0.6 0.2 0.9 Net profit
from loss from loss 0.7 -1.0 -4.1 PAT margin %
+779 bps +367 bps
1.2% -2.5% -6.6% EPS (₹)
from loss from loss 0.03 -0.04 -0.16
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.4 Cr, other income ₹0.6 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹6.0 Cr:
-2000% of FY26 net profit of ₹0.3 Cr.
Borrowings ₹80.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹62.9 ₹57.1
-9.3% below
M Cap ₹175 Cr
P/E 45.1
PEG —
Profit -18% below its own trend Operating margin contracted 343 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+47.9% +52.8%
71.0 46.5 48.0 Operating profit
-33.3% -58.5%
2.0 4.8 3.0 OPM %
-343 bps -755 bps
2.8% 10.4% 6.2% Other income
— —
0.0 0.0 0.0 Net profit
+0.0% -65.1%
1.0 2.9 1.0 PAT margin %
-67 bps -476 bps
1.4% 6.2% 2.1% EPS (₹)
-53.4% -76.0%
0.41 1.71 0.88
Quality of profit
Pre-tax profit ₹4.6 Cr: core business −₹0.4 Cr, other income ₹0.0 Cr, exceptional & other items ₹5.0 Cr.
Core profit YoY: to loss
· reported profit +0.0%
Against its own trend ?
Trend Actual Gap
Sales ₹63.9 ₹71.0
+11.1% above Net profit ₹1.2 ₹1.0
-17.8% below
M Cap ₹172 Cr
P/E 59.7
PEG —
Into loss: a profit a year ago Operating margin contracted 2801 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
+445.1% +7.2%
68.5 63.9 12.6 Operating profit
to loss to loss -3.1 2.7 3.0 OPM %
-2801 bps -872 bps
-4.5% 4.2% 23.5% Other income
+124.5% +46.2%
10.6 7.3 4.7 Net profit?
to loss to loss -1.9 0.4 2.9 PAT margin %
-2555 bps -334 bps
-2.7% 0.6% 22.8% EPS (₹)
to loss to loss -0.08 0.01 0.12
Quality of profit
Pre-tax profit ₹2.3 Cr: core business −₹8.3 Cr, other income ₹10.6 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹63.0 Cr:
2180% of FY26 net profit of ₹2.9 Cr.
Borrowings ₹174 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹25.1 ₹68.5
+172.6% above
M Cap ₹171 Cr
P/E 167.1
PEG —
Profit -45% below its own trend Operating margin contracted 134 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
+37.2% +2.4%
90.4 88.3 65.9 Operating profit
+19.5% +25.8%
8.2 6.5 6.8 OPM %
-134 bps +169 bps
9.0% 7.4% 10.4% Other income
+54.5% from loss 0.5 -0.3 0.3 Net profit?
-32.6% +37.5%
0.9 0.6 1.3 PAT margin %
-101 bps +25 bps
1.0% 0.7% 2.0% EPS (₹)
-38.8% +39.2%
0.71 0.51 1.16
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.1 Cr, other income ₹0.5 Cr.
Core profit YoY: to loss
· reported profit -32.6%
Cash & debt
FY26 cash from operations −₹12.0 Cr:
-1053% of FY26 net profit of ₹1.1 Cr.
Borrowings ₹182 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹80.9 ₹90.4
+11.8% above Net profit ₹1.6 ₹0.9
-44.8% below
M Cap ₹167 Cr
P/E 7.3
PEG 0.20
Profit -63% below its own trend 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-2.1% +8.2%
221 204 226 Operating profit
-3.1% +1.6%
20.4 20.1 21.1 OPM %
-9 bps -60 bps
9.3% 9.9% 9.3% Other income
+2.2% -58.9%
0.9 2.1 0.8 Net profit?
-25.1% -38.9%
1.4 2.3 1.8 PAT margin %
-19 bps -48 bps
0.6% 1.1% 0.8% EPS (₹)
-26.1% -39.3%
0.17 0.28 0.23
Quality of profit
Pre-tax profit ₹3.2 Cr: core business ₹2.3 Cr, other income ₹0.9 Cr.
Core profit YoY: -37.1%
· reported profit -25.1%
Cash & debt
FY26 cash from operations ₹117 Cr:
1309% of FY26 net profit of ₹8.9 Cr.
Borrowings ₹397 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹210 ₹221
+4.9% in line Net profit ₹3.7 ₹1.4
-62.6% below
Operating margin expanded 473 bps YoY 61% 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
+10.5% +2.5%
74.5 72.7 67.4 Operating profit
+427.7% -30.5%
4.5 6.4 0.8 OPM %
+473 bps -284 bps
6.0% 8.8% 1.3% Other income
-7.1% -1.6%
3.8 3.8 4.0 Net profit?
+21.4% -37.9%
3.7 5.9 3.0 PAT margin %
+44 bps -320 bps
4.9% 8.1% 4.5%
Quality of profit
Pre-tax profit ₹6.1 Cr: core business ₹2.4 Cr, other income ₹3.8 Cr.
Core profit YoY: from loss
· reported profit +21.4%
Cash & debt
FY26 cash from operations −₹3.0 Cr:
-25% of FY26 net profit of ₹12.2 Cr.
Borrowings ₹33.0 Cr at Mar 2026.
M Cap ₹166 Cr
P/E 17.6
PEG 0.98
Profit -70% below its own trend Operating margin contracted 113 bps YoY 79% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-5.7% +22.6%
62.6 51.1 66.4 Operating profit
-12.1% +44.3%
9.7 6.7 11.0 OPM %
-113 bps +233 bps
15.5% 13.2% 16.6% Other income
+9.8% -23.5%
3.1 4.0 2.8 Net profit?
-51.4% -59.5%
1.6 3.9 3.2 PAT margin %
-237 bps -511 bps
2.5% 7.6% 4.9% EPS (₹)
-51.9% -61.8%
0.26 0.68 0.54
Quality of profit
Pre-tax profit ₹3.9 Cr: core business ₹0.8 Cr, other income ₹3.1 Cr.
Core profit YoY: -69.4%
· reported profit -51.4%
Cash & debt
FY26 cash from operations ₹21.0 Cr:
198% of FY26 net profit of ₹10.6 Cr.
Borrowings ₹142 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹69.1 ₹62.6
-9.3% below Net profit ₹5.4 ₹1.6
-70.5% below
M Cap ₹165 Cr
P/E 7.0
PEG 0.16
Profit -61% below its own trend Operating margin contracted 169 bps YoY 79% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -77%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-18.7% -2.9%
136 140 167 Operating profit
-46.5% -30.5%
4.4 6.3 8.2 OPM %
-169 bps -129 bps
3.2% 4.5% 4.9% Other income
+182.1% +106.9%
6.4 3.1 2.3 Net profit?
-33.3% -0.3%
5.7 5.7 8.5 PAT margin %
-91 bps +11 bps
4.2% 4.1% 5.1% EPS (₹)
-29.6% +0.0%
0.95 0.95 1.35
Quality of profit
Pre-tax profit ₹8.1 Cr: core business ₹1.7 Cr, other income ₹6.4 Cr.
Core profit YoY: -77.4%
· reported profit -33.3%
Cash & debt
FY26 cash from operations −₹98.0 Cr:
-464% of FY26 net profit of ₹21.1 Cr.
Borrowings ₹76.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹201 ₹136
-32.5% below Net profit ₹14.6 ₹5.7
-61.3% below
M Cap ₹158 Cr
P/E 9.5
PEG 1.36
31% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +68%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+20.3% +11.1%
210 189 175 Operating profit
+6.4% +11.8%
13.4 12.0 12.6 OPM %
-83 bps +4 bps
6.4% 6.3% 7.2% Other income
+224.2% +311.5%
2.1 0.5 0.7 Net profit
+196.5% +97.3%
5.1 2.6 1.7 PAT margin %
+143 bps +105 bps
2.4% 1.4% 1.0% EPS (₹)
+197.3% +97.6%
3.30 1.67 1.11
Quality of profit
Pre-tax profit ₹6.8 Cr: core business ₹4.7 Cr, other income ₹2.1 Cr.
Core profit YoY: +68.5%
· reported profit +196.5%
Cash & debt
FY26 cash from operations ₹29.0 Cr:
176% of FY26 net profit of ₹16.5 Cr.
Borrowings ₹73.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹203 ₹210
+3.4% in line
M Cap ₹157 Cr
P/E 79.5
PEG —
Profit -56% below its own trend 68% 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
+4.7% -2.4%
252 258 241 Operating profit
-31.3% —
3.6 0.1 5.2 OPM %
-75 bps +137 bps
1.4% 0.1% 2.2% Other income
-1.2% +59.1%
4.2 2.6 4.2 Net profit?
-75.4% -8.7%
0.6 0.7 2.6 PAT margin %
-81 bps -2 bps
0.3% 0.3% 1.1% EPS (₹)
-75.9% -9.1%
0.20 0.22 0.83
Quality of profit
Pre-tax profit ₹6.2 Cr: core business ₹2.0 Cr, other income ₹4.2 Cr.
Core profit YoY: -6.2%
· reported profit -75.4%
Cash & debt
FY26 cash from operations −₹9.0 Cr:
-455% of FY26 net profit of ₹2.0 Cr.
Borrowings ₹10.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹251 ₹252
+0.3% in line Net profit ₹1.4 ₹0.6
-56.1% below
M Cap ₹156 Cr
P/E 26.0
PEG 3.25
Operating margin contracted 230 bps YoY 50% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -67%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+0.0% -10.3%
87.0 97.0 87.0 Operating profit
-50.0% -33.3%
2.0 3.0 4.0 OPM %
-230 bps -79 bps
2.3% 3.1% 4.6% Other income
— -80.0%
1.0 5.0 0.0 Net profit
+0.0% -80.0%
1.0 5.0 1.0 PAT margin %
+0 bps -401 bps
1.1% 5.2% 1.1% EPS (₹)
-10.1% -71.7%
0.89 3.15 0.99
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹1.0 Cr, other income ₹1.0 Cr.
Core profit YoY: -66.7%
· reported profit +0.0%
Cash & debt
FY26 cash from operations ₹3.0 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹90.6 ₹87.0
-3.9% in line
M Cap ₹150 Cr
P/E 33.2
PEG —
Profit -97% below its own trend Operating margin contracted 758 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
-87.6% +2.7%
23.0 22.4 186 Operating profit
to loss to loss -0.5 1.5 9.9 OPM %
-758 bps -893 bps
-2.3% 6.7% 5.3% Other income
-92.3% +221.4%
0.5 0.1 5.8 Net profit?
-96.7% -78.3%
0.3 1.4 9.4 PAT margin %
-372 bps -505 bps
1.4% 6.4% 5.1% EPS (₹)
-100.0% —
0.00 0.00 0.01
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.0 Cr, other income ₹0.5 Cr.
Core profit YoY: to loss
· reported profit -96.7%
Cash & debt
FY26 cash from operations ₹0.0 Cr:
0% of FY26 net profit of ₹5.6 Cr.
Borrowings ₹53.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹337 ₹23.0
-93.2% below Net profit ₹9.1 ₹0.3
-96.6% below
M Cap ₹149 Cr
P/E 332.2
PEG —
Operating margin expanded 636 bps YoY 34% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.0% +5.1%
107 101 89.5 Operating profit
+219.5% -9.8%
10.8 12.0 3.4 OPM %
+636 bps -167 bps
10.1% 11.8% 3.8% Other income
-0.8% +56.4%
1.2 0.8 1.2 Net profit
loss narrowed to loss -0.9 2.6 -2.2 PAT margin %
+158 bps -337 bps
-0.8% 2.5% -2.4% EPS (₹)
loss narrowed to loss -0.18 0.51 -0.48
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹2.3 Cr, other income ₹1.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹19.0 Cr.
Borrowings ₹102 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹91.9 ₹107
+15.9% above
M Cap ₹148 Cr
P/E 9.8
PEG 0.32
Profit -71% below its own trend Operating margin expanded 108 bps YoY 31% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +56%) FY26 operating cash flow was only 7% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-1.2% -11.4%
97.4 110 98.6 Operating profit
+14.8% -25.1%
7.6 10.2 6.6 OPM %
+108 bps -143 bps
7.8% 9.2% 6.7% Other income
+45.0% +457.7%
1.4 0.3 1.0 Net profit?
-68.9% -61.9%
1.8 4.8 5.8 PAT margin %
-407 bps -248 bps
1.9% 4.3% 5.9% EPS (₹)
-73.9% -69.4%
0.53 1.73 2.03
Quality of profit
Pre-tax profit ₹4.7 Cr: core business ₹3.2 Cr, other income ₹1.4 Cr.
Core profit YoY: +56.0%
· reported profit -68.9%
Cash & debt
FY26 cash from operations ₹1.0 Cr:
7% of FY26 net profit of ₹13.9 Cr.
Borrowings ₹55.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹97.9 ₹97.4
-0.5% in line Net profit ₹6.2 ₹1.8
-70.8% below
M Cap ₹148 Cr
P/E 32.8
PEG 0.73
Profit +103% above its own trend Operating margin expanded 231 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+102.4% +59.2%
84.1 52.8 41.5 Operating profit
+268.9% +86.6%
4.3 2.3 1.2 OPM %
+231 bps +75 bps
5.1% 4.4% 2.8% Other income
+135.5% —
0.9 0.1 0.4 Net profit
+69.4% +284.1%
2.9 0.8 1.7 PAT margin %
-68 bps +203 bps
3.5% 1.4% 4.1% EPS (₹)
+69.8% +282.1%
1.07 0.28 0.63
Quality of profit
Pre-tax profit ₹3.7 Cr: core business ₹2.8 Cr, other income ₹0.9 Cr.
Core profit YoY: —
· reported profit +69.4%
Cash & debt
FY26 cash from operations ₹6.0 Cr:
133% of FY26 net profit of ₹4.5 Cr.
Borrowings ₹42.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹80.4 ₹84.1
+4.5% in line Net profit ₹1.4 ₹2.9
+103.5% above
M Cap ₹147 Cr
P/E 11.8
PEG —
Profit +999% above its own trend Operating margin expanded 115 bps YoY 48% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.3% -3.1%
57.2 59.1 54.4 Operating profit
+19.2% +2.0%
5.7 5.5 4.8 OPM %
+115 bps +50 bps
9.9% 9.4% 8.7% Other income
+171.8% -20.3%
1.1 1.3 0.4 Net profit
— +30.4%
3.1 2.4 0.2 PAT margin %
+506 bps +141 bps
5.5% 4.1% 0.4% EPS (₹)
— +30.7%
3.02 2.31 0.21
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹1.1 Cr, other income ₹1.1 Cr.
Core profit YoY: +197.4%
Cash & debt
FY26 cash from operations ₹25.0 Cr:
227% of FY26 net profit of ₹11.0 Cr.
Borrowings ₹39.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹56.8 ₹57.2
+0.7% in line Net profit ₹0.2 ₹3.1
+999.0% above
M Cap ₹145 Cr
P/E 29.7
PEG 0.68
Turnaround: profit against a loss a year ago Operating margin expanded 2711 bps YoY 32% 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
+65.4% +136.5%
17.5 7.4 10.6 Operating profit
from loss -38.2%
1.4 2.3 -2.0 OPM %
+2711 bps -2346 bps
8.3% 31.8% -18.8% Other income
from loss +73.6%
0.5 0.3 -0.7 Net profit?
from loss +5.1%
0.6 0.6 -1.6 PAT margin %
+1890 bps -437 bps
3.5% 7.9% -15.4% EPS (₹)
from loss +16.7%
0.21 0.18 -0.51
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹1.1 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹0.8 Cr:
-19% of FY26 net profit of ₹4.0 Cr.
Borrowings ₹5.6 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹9.6 ₹17.5
+82.6% above
M Cap ₹144 Cr
P/E 62.9
PEG —
Operating margin expanded 327 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
-25.3% -29.0%
110 155 148 Operating profit
+35.1% +5.5%
8.1 7.7 6.0 OPM %
+327 bps +239 bps
7.3% 4.9% 4.0% Other income
from loss +0.0%
0.2 0.2 -0.0 Net profit
loss narrowed to loss -1.4 0.3 -2.9 PAT margin %
+74 bps -145 bps
-1.2% 0.2% -2.0% EPS (₹)
loss narrowed to loss -2.60 0.63 -5.55
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.5 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹79.0 Cr:
1459% of FY26 net profit of ₹5.4 Cr.
Borrowings ₹190 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹138 ₹110
-20.1% below
M Cap ₹141 Cr
P/E 11.5
PEG —
Profit +529% above its own trend 30% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +201%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+0.4% +4.8%
742 708 740 Operating profit
+124.6% +47.0%
8.4 5.7 3.7 OPM %
+62 bps +32 bps
1.1% 0.8% 0.5% Other income
+4.2% +24.7%
2.1 1.7 2.0 Net profit?
+253.9% +124.8%
8.5 3.8 2.4 PAT margin %
+82 bps +61 bps
1.1% 0.5% 0.3% EPS (₹)
+252.9% +125.2%
3.67 1.63 1.04
Quality of profit
Pre-tax profit ₹7.0 Cr: core business ₹4.9 Cr, other income ₹2.1 Cr.
Core profit YoY: +200.6%
· reported profit +253.9%
Cash & debt
FY26 cash from operations ₹68.0 Cr.
Borrowings ₹30.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹960 ₹742
-22.7% below Net profit ₹1.3 ₹8.5
+528.7% above
Profit -47% below its own trend Operating margin expanded 102 bps YoY 45% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.5% +11.5%
59.3 53.2 55.7 Operating profit
+14.5% +5.1%
8.7 8.2 7.6 OPM %
+102 bps -88 bps
14.6% 15.5% 13.6% Other income
+200.8% +133.6%
2.7 1.2 0.9 Net profit?
+6.0% -36.2%
3.9 6.1 3.7 PAT margin %
-3 bps -493 bps
6.6% 11.5% 6.6% EPS (₹)
-16.7% -36.4%
2.80 4.40 3.36
Quality of profit
Pre-tax profit ₹6.1 Cr: core business ₹3.4 Cr, other income ₹2.7 Cr.
Core profit YoY: -11.8%
· reported profit +6.0%
Cash & debt
FY26 cash from operations −₹36.0 Cr.
Borrowings ₹41.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹91.3 ₹59.3
-35.1% below Net profit ₹7.4 ₹3.9
-47.0% below
M Cap ₹139 Cr
P/E 34.3
PEG —
Profit +107% above its own trend Operating margin contracted 237 bps YoY 63% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -45%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+33.4% +44.8%
20.6 14.2 15.4 Operating profit
-13.5% +190.3%
0.9 0.3 1.0 OPM %
-237 bps +219 bps
4.4% 2.2% 6.7% Other income
from loss +25.0%
0.7 0.6 -0.1 Net profit?
+38.2% +216.7%
0.8 0.2 0.6 PAT margin %
+13 bps +200 bps
3.7% 1.7% 3.6% EPS (₹)
+45.5% +166.7%
0.16 0.06 0.11
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.4 Cr, other income ₹0.7 Cr.
Core profit YoY: -44.7%
· reported profit +38.2%
Cash & debt
FY26 cash from operations −₹3.9 Cr:
-127% of FY26 net profit of ₹3.1 Cr.
Borrowings ₹10.8 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹17.2 ₹20.6
+19.7% above Net profit ₹0.4 ₹0.8
+106.8% above
M Cap ₹138 Cr
P/E 9.6
PEG 1.91
Profit -43% below its own trend Operating margin contracted 354 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
-12.2% -33.2%
19.6 29.3 22.3 Operating profit
-40.7% -76.2%
1.4 6.1 2.4 OPM %
-354 bps -1332 bps
7.3% 20.7% 10.9% Other income
-54.4% -72.8%
0.4 1.3 0.8 Net profit
-48.5% -82.3%
0.8 4.8 1.6 PAT margin %
-305 bps -1202 bps
4.3% 16.4% 7.4% EPS (₹)
-48.5% -82.3%
0.69 3.90 1.34
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.5 Cr, other income ₹0.4 Cr.
Core profit YoY: -68.5%
· reported profit -48.5%
Cash & debt
FY26 cash from operations ₹16.0 Cr:
122% of FY26 net profit of ₹13.1 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹23.8 ₹19.6
-17.6% below Net profit ₹1.5 ₹0.8
-42.6% 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, 21:52 IST
