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, 15:48 IST 5115 declared
The next results season has started: 36 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
-4.8%
median; 37% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs

1375 matching results 1375

Page 2 of 46

HDFC Life Insurance Company Limited

HDFCLIFE · NBFC & Finance Companies · Q4 FY26 · Consolidated
M Cap
₹1,21,472 Cr
P/E
61.5
PEG
5.13
  • Operating margin contracted 102 bps YoY
  • 80% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -71%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -17.8%-32.4% 19,89029,42824,191
Operating profit -71.4%-60.1% 108271377
OPM % -102 bps-38 bps 0.5%0.9%1.6%
Other income +245.2%+146.0% 428174124
Net profit? +4.6%+18.9% 497418475
PAT margin % +54 bps+108 bps 2.5%1.4%2.0%
EPS (₹) +4.5%+19.1% 2.311.942.21

Quality of profit

Core 20%Other income & one-offs 80%

Pre-tax profit ₹537 Cr: core business ₹108 Cr, other income ₹428 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -71.4% · reported profit +4.6%

Cash & debt

FY26 cash from operations ₹22,625 Cr: 1184% of FY26 net profit of ₹1,911 Cr.

Borrowings ₹3,099 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹48,382₹19,890 -58.9% below
Net profit₹516₹497 -3.7% in line
Detailed financials →

Tata Power Company Limited

TATAPOWER · Power Generation & Utilities · Q4 FY26 · Consolidated
M Cap
₹1,09,824 Cr
P/E
20.9
PEG
3.48
  • Operating margin contracted 154 bps YoY
  • 99% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -97%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -12.8%+6.8% 14,90013,94817,096
Operating profit -19.9%-14.9% 2,5993,0553,246
OPM % -154 bps-446 bps 17.4%21.9%19.0%
Other income +405.0%+452.9% 1,773321351
Net profit? +8.4%+18.6% 1,4161,1941,306
PAT margin % +186 bps+94 bps 9.5%8.6%7.6%
EPS (₹) -4.3%+29.5% 3.122.413.26

Quality of profit

Core 1%Other income & one-offs 99%

Pre-tax profit ₹1,797 Cr: core business ₹24.0 Cr, other income ₹1,773 Cr.

Core profit YoY: -97.4% · reported profit +8.4%

Cash & debt

FY26 cash from operations ₹5,993 Cr: 117% of FY26 net profit of ₹5,118 Cr.

Borrowings ₹76,141 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹17,379₹14,900 -14.3% below
Net profit₹1,438₹1,416 -1.5% in line
📊 Investor presentation (27 Jul) Detailed financials →

GAIL (India) Limited

GAIL · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹1,09,745 Cr
P/E
11.1
PEG
1.11
  • Profit -21% below its own trend
  • Operating margin contracted 559 bps YoY
  • 64% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -72%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -2.7%+1.1% 35,57735,17336,551
Operating profit -58.9%-50.4% 1,4532,9273,535
OPM % -559 bps-424 bps 4.1%8.3%9.7%
Other income +86.0%+83.0% 1,250683672
Net profit? -40.9%-14.3% 1,4811,7292,506
PAT margin % -269 bps-75 bps 4.2%4.9%6.9%
EPS (₹) -40.4%-15.4% 2.262.673.79

Quality of profit

Core 36%Other income & one-offs 64%

Pre-tax profit ₹1,966 Cr: core business ₹716 Cr, other income ₹1,250 Cr.

Core profit YoY: -72.1% · reported profit -40.9%

Cash & debt

FY26 cash from operations ₹11,249 Cr: 148% of FY26 net profit of ₹7,581 Cr.

Borrowings ₹24,831 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹37,741₹35,577 -5.7% below
Net profit₹1,864₹1,481 -20.5% below
📊 Investor presentation (31 Jul) Detailed financials →

One 97 Communications Limited

PAYTM · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹1,08,351 Cr
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 1049 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
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +18.4%+3.2% 2,2642,1941,912
Operating profit from loss-15.4% 132156-89.0
OPM % +1049 bps-128 bps 5.8%7.1%-4.7%
Other income from loss-6.1% 199212-298
Net profit? from loss-18.7% 183225-545
PAT margin % +3659 bps-217 bps 8.1%10.3%-28.5%
EPS (₹) from loss-18.5% 2.873.52-8.46

Quality of profit

Pre-tax profit ₹194 Cr: core business −₹5.0 Cr, other income ₹199 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations −₹743 Cr: -135% of FY26 net profit of ₹552 Cr.

Borrowings ₹194 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,335₹2,264 -3.0% in line
Detailed financials →

Tata Motors Passenger Vehicles Limited

TMPV · Passenger Cars & Utility Vehicles · Q4 FY26 · Consolidated
M Cap
₹1,04,760 Cr
P/E
1.3
PEG
—
  • Operating margin contracted 642 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +7.2%+50.4% 1,05,44770,10898,377
Operating profit -33.1%— 11,25987916,818
OPM % -642 bps+942 bps 10.7%1.3%17.1%
Other income -20.5%+27.9% 1,8771,4672,361
Net profit? -31.3%from loss 5,878-3,4838,556
PAT margin % -312 bps+1054 bps 5.6%-5.0%8.7%
EPS (₹) -31.8%from loss 15.70-9.4723.01

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹7,277 Cr: core business ₹5,400 Cr, other income ₹1,877 Cr.

Core profit YoY: -48.3% · reported profit -31.3%

📊 Investor presentation (13 Aug) Detailed financials →

Vedanta Limited

VEDL · Mining & Minerals · Q4 FY26 · Consolidated
M Cap
₹1,03,438 Cr
P/E
3.6
PEG
—
  • Profit +52% above its own trend
  • Operating margin expanded 237 bps YoY
  • 50% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -7%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -39.2%+5.3% 24,60923,36940,455
Operating profit -34.1%+10.1% 7,5596,86611,466
OPM % +237 bps+134 bps 30.7%29.4%28.3%
Other income +625.4%— 5,520492761
Net profit? +88.5%+19.8% 9,3527,8074,961
PAT margin % +2574 bps+459 bps 38.0%33.4%12.3%
EPS (₹) +92.0%+17.2% 17.1314.628.92

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹11,010 Cr: core business ₹5,490 Cr, other income ₹5,520 Cr.

Core profit YoY: -6.9% · reported profit +88.5%

Cash & debt

FY26 cash from operations ₹39,499 Cr: 157% of FY26 net profit of ₹25,095 Cr.

Borrowings ₹27,844 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹43,140₹24,609 -43.0% below
Net profit₹6,141₹9,352 +52.3% above
📊 Investor presentation (30 Jul) Detailed financials →

Dr. Reddy's Laboratories Limited

DRREDDY · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹1,02,408 Cr
P/E
31.3
PEG
—
  • Profit -87% below its own trend
  • Operating margin contracted 1568 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -11.3%+76.2% 7,5464,2838,506
Operating profit -78.4%-79.8% 3821,8881,765
OPM % -1568 bps-3902 bps 5.1%44.1%20.7%
Other income +56.7%+77.1% 480271306
Net profit? -86.1%-81.4% 2211,1901,587
PAT margin % -1573 bps-2486 bps 2.9%27.8%18.7%
EPS (₹) -86.1%-81.7% 2.6514.5019.13

Quality of profit

Pre-tax profit ₹200 Cr: core business −₹281 Cr, other income ₹480 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: to loss · reported profit -86.1%

Cash & debt

FY26 cash from operations ₹5,674 Cr: 134% of FY26 net profit of ₹4,247 Cr.

Borrowings ₹7,734 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹9,408₹7,546 -19.8% below
Net profit₹1,647₹221 -86.6% below
📊 Investor presentation (22 Jul) Detailed financials →

United Spirits Limited

UNITDSPR · Breweries & Distilleries · Q4 FY26 · Consolidated
M Cap
₹95,836 Cr
P/E
50.9
PEG
2.21
  • Operating margin expanded 1248 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -54.0%-17.3% 3,0543,6916,634
Operating profit +28.9%-1.0% 593599460
OPM % +1248 bps+319 bps 19.4%16.2%6.9%
Other income +29.1%+343.1% 22651.0175
Net profit? +28.0%+28.9% 539418421
PAT margin % +1130 bps+632 bps 17.6%11.3%6.3%
EPS (₹) +25.0%+26.0% 7.415.885.93

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹674 Cr: core business ₹448 Cr, other income ₹226 Cr.

Core profit YoY: +21.7% · reported profit +28.0%

Cash & debt

FY26 cash from operations ₹1,459 Cr: 79% of FY26 net profit of ₹1,838 Cr.

Borrowings ₹413 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹7,196₹3,054 -57.6% below
Net profit₹493₹539 +9.2% in line
📊 Investor presentation (15 May) Detailed financials →

GMR AIRPORTS LIMITED

GMRAIRPORT · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹94,503 Cr
P/E
200.2
PEG
4.66
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 145 bps YoY
  • 86% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +37.5%-1.4% 3,9383,9942,863
Operating profit +43.2%-15.0% 1,4451,7011,009
OPM % +145 bps-590 bps 36.7%42.6%35.2%
Other income +7.9%from loss 260-73.0241
Net profit? from loss+129.9% 400174-253
PAT margin % +1899 bps+580 bps 10.2%4.4%-8.8%
EPS (₹) from loss+141.7% 0.290.12-0.23

Quality of profit

Core 14%Other income & one-offs 86%

Pre-tax profit ₹302 Cr: core business ₹43.0 Cr, other income ₹260 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹4,884 Cr: 1035% of FY26 net profit of ₹472 Cr.

Borrowings ₹43,283 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,016₹3,938 -1.9% in line
📊 Investor presentation (12 Aug) Detailed financials →

Ambuja Cements Limited

AMBUJACEM · Cement · Q4 FY26 · Consolidated
M Cap
₹86,472 Cr
P/E
16.7
PEG
0.79
  • Profit +36% above its own trend
  • Operating margin contracted 476 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -60%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +11.3%+6.2% 10,91510,2779,802
Operating profit -17.8%+8.2% 1,4641,3531,781
OPM % -476 bps+25 bps 13.4%13.2%18.2%
Other income -79.2%+58.0% 13887.3664
Net profit? +44.8%+406.0% 1,8573671,282
PAT margin % +393 bps+1344 bps 17.0%3.6%13.1%
EPS (₹) +90.7%+802.4% 7.400.823.88

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹528 Cr: core business ₹390 Cr, other income ₹138 Cr.

Core profit YoY: -60.2% · reported profit +44.8%

Cash & debt

FY26 cash from operations ₹5,362 Cr: 97% of FY26 net profit of ₹5,543 Cr.

Borrowings ₹866 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹11,384₹10,915 -4.1% in line
Net profit₹1,365₹1,857 +36.1% above
📊 Investor presentation (28 Jul) Detailed financials →

JSW Energy Limited

JSWENERGY · Power Generation & Utilities · Q4 FY26 · Consolidated
M Cap
₹85,636 Cr
P/E
34.8
PEG
1.66
  • Operating margin expanded 1225 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +41.1%+10.2% 4,4994,0823,189
Operating profit +86.8%+10.9% 2,2502,0301,204
OPM % +1225 bps+29 bps 50.0%49.7%37.8%
Other income +15.6%+101.9% 356176308
Net profit? +38.5%+8.6% 574529415
PAT margin % -24 bps-20 bps 12.8%13.0%13.0%
EPS (₹) -9.8%-12.4% 2.112.412.34

Quality of profit

Pre-tax profit ₹188 Cr: core business −₹167 Cr, other income ₹356 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: to loss · reported profit +38.5%

Cash & debt

FY26 cash from operations ₹9,898 Cr: 358% of FY26 net profit of ₹2,763 Cr.

Borrowings ₹76,946 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5,219₹4,499 -13.8% below
Net profit₹573₹574 +0.1% in line
📊 Investor presentation (22 Jul) Detailed financials →

Mazagon Dock Shipbuilders Limited

MAZDOCK · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹81,765 Cr
P/E
28.7
PEG
0.90
  • Profit +138% above its own trend
  • Operating margin expanded 1127 bps YoY
  • 36% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +746%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +21.3%+6.9% 3,8503,6013,174
Operating profit +503.3%-38.8% 54388790.0
OPM % +1127 bps-1053 bps 14.1%24.6%2.8%
Other income -8.6%+8.1% 283262310
Net profit? +107.2%-23.4% 674880325
PAT margin % +726 bps-692 bps 17.5%24.4%10.2%
EPS (₹) +108.9%-22.8% 16.8421.818.06

Quality of profit

Core 64%Other income & one-offs 36%

Pre-tax profit ₹793 Cr: core business ₹510 Cr, other income ₹283 Cr.

Core profit YoY: +745.8% · reported profit +107.2%

Cash & debt

FY26 cash from operations −₹2,891 Cr: -105% of FY26 net profit of ₹2,755 Cr.

Borrowings ₹447 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,455₹3,850 +11.4% above
Net profit₹283₹674 +138.2% above
📊 Investor presentation (23 Sep) Detailed financials →

Info Edge (India) Limited

NAUKRI · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹77,981 Cr
P/E
40.8
PEG
0.45
  • Profit -44% below its own trend
  • Operating margin expanded 474 bps YoY
  • 66% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +53%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +26.5%+13.7% 869765687
Operating profit +44.3%+12.3% 334297232
OPM % +474 bps-45 bps 38.4%38.9%33.7%
Other income +4.8%+320.6% 572136546
Net profit? +11.5%+138.5% 756317678
PAT margin % -1168 bps+4554 bps 87.0%41.5%98.7%
EPS (₹) +22.1%+108.4% 8.734.197.15

Quality of profit

Core 34%Other income & one-offs 66%

Pre-tax profit ₹869 Cr: core business ₹297 Cr, other income ₹572 Cr.

Core profit YoY: +52.7% · reported profit +11.5%

Cash & debt

FY26 cash from operations ₹1,076 Cr: 61% of FY26 net profit of ₹1,764 Cr.

Borrowings ₹259 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹764₹869 +13.7% above
Net profit₹1,356₹756 -44.2% below
📊 Investor presentation (10 Aug) Detailed financials →

Welspun Corp Limited

WELCORP · Iron & Steel · Q4 FY26 · Consolidated
M Cap
₹73,676 Cr
P/E
31.8
PEG
0.27
  • Profit -64% below its own trend
  • 28% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +27%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +9.9%-4.8% 4,3134,5323,925
Operating profit +9.6%-18.2% 504616460
OPM % -3 bps-191 bps 11.7%13.6%11.7%
Other income -75.1%+18.3% 142120570
Net profit? -46.9%-18.6% 371456699
PAT margin % -921 bps-146 bps 8.6%10.1%17.8%
EPS (₹) -47.3%-18.2% 14.0417.1626.62

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹504 Cr: core business ₹362 Cr, other income ₹142 Cr.

Core profit YoY: +27.0% · reported profit -46.9%

Cash & debt

FY26 cash from operations ₹3,204 Cr: 198% of FY26 net profit of ₹1,620 Cr.

Borrowings ₹2,355 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,682₹4,313 -7.9% below
Net profit₹1,040₹371 -64.3% below
📊 Investor presentation (24 Jul) Detailed financials →

Oil India Limited

OIL · Oil & Gas Exploration & Services · Q4 FY26 · Consolidated
M Cap
₹71,823 Cr
P/E
9.5
PEG
—
  • Profit +82% above its own trend
  • Operating margin expanded 547 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +6%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -3.1%+2.0% 9,2939,1119,588
Operating profit +14.7%+30.7% 3,2812,5102,860
OPM % +547 bps+776 bps 35.3%27.5%29.8%
Other income +140.4%+40.0% 919657382
Net profit? +61.9%+68.8% 2,4241,4361,497
PAT margin % +1047 bps+1032 bps 26.1%15.8%15.6%
EPS (₹) +60.4%+75.6% 12.917.358.05

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹3,119 Cr: core business ₹2,201 Cr, other income ₹919 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +5.7% · reported profit +61.9%

Cash & debt

FY26 cash from operations ₹10,684 Cr: 141% of FY26 net profit of ₹7,551 Cr.

Borrowings ₹37,478 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹9,327₹9,293 -0.4% in line
Net profit₹1,332₹2,424 +82.0% above
📊 Investor presentation (25 May) Detailed financials →

ICICI Prudential Life Insurance Company Limited

ICICIPRULI · NBFC & Finance Companies · Q4 FY26 · Consolidated
M Cap
₹67,229 Cr
P/E
41.8
PEG
1.61
  • Profit +28% above its own trend
  • Operating margin contracted 2632 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
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -79.7%-86.1% 3,18522,83415,687
Operating profit to lossto loss -754741415
OPM % -2632 bps-2692 bps -23.7%3.2%2.6%
Other income +466.1%from loss 1,036-243183
Net profit? +62.1%+61.2% 624387385
PAT margin % +1714 bps+1790 bps 19.6%1.7%2.5%
EPS (₹) +61.0%+61.0% 4.302.672.67

Quality of profit

Pre-tax profit ₹281 Cr: core business −₹754 Cr, other income ₹1,036 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: to loss · reported profit +62.1%

Cash & debt

FY26 cash from operations −₹5,355 Cr: -333% of FY26 net profit of ₹1,608 Cr.

Borrowings ₹2,595 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹13,318₹3,185 -76.1% below
Net profit₹488₹624 +27.9% above
📊 Investor presentation (13 Oct) Detailed financials →

Dabur India Limited

DABUR · Personal Care & FMCG · Q4 FY26 · Consolidated
M Cap
₹66,417 Cr
P/E
34.1
PEG
8.53
  • Profit +11% above its own trend
  • 37% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +7.3%-14.6% 3,0383,5592,830
Operating profit +8.0%-37.2% 461734427
OPM % +9 bps-545 bps 15.2%20.6%15.1%
Other income +24.1%+24.4% 175141141
Net profit? +15.7%-34.6% 362554313
PAT margin % +86 bps-364 bps 11.9%15.6%11.1%
EPS (₹) +14.9%-34.2% 2.083.161.81

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹474 Cr: core business ₹299 Cr, other income ₹175 Cr.

Core profit YoY: +10.3% · reported profit +15.7%

Cash & debt

FY26 cash from operations ₹2,579 Cr: 138% of FY26 net profit of ₹1,869 Cr.

Borrowings ₹1,287 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,929₹3,038 +3.7% in line
Net profit₹328₹362 +10.5% above
📊 Investor presentation (06 Aug) Detailed financials →

Havells India Limited

HAVELLS · Electrical Equipment · Q4 FY26 · Consolidated
M Cap
₹66,019 Cr
P/E
40.4
PEG
2.53
  • Profit +25% above its own trend
  • 34% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -4%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +2.5%+20.3% 6,7055,5736,544
Operating profit -3.7%+39.1% 729524757
OPM % -70 bps+147 bps 10.9%9.4%11.6%
Other income +351.1%+625.5% 31042.768.7
Net profit? +39.8%+139.9% 723301517
PAT margin % +288 bps+538 bps 10.8%5.4%7.9%
EPS (₹) +39.6%+140.2% 11.534.808.26

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹918 Cr: core business ₹607 Cr, other income ₹310 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -4.0% · reported profit +39.8%

Cash & debt

FY26 cash from operations ₹1,572 Cr: 93% of FY26 net profit of ₹1,690 Cr.

Borrowings ₹265 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹7,175₹6,705 -6.5% below
Net profit₹579₹723 +24.8% above
📊 Investor presentation (17 Jul) Detailed financials →

INDO-MIM Limited

INDOMIM · Castings & Forgings · Q4 FY26 · Consolidated
M Cap
₹61,365 Cr
P/E
—
PEG
—
  • 45% of pre-tax profit came from other income and one-off items
₹ Cr Mar 2026
Sales 1,048
Operating profit 201
OPM % 19.2%
Other income 85.0
Net profit? 139
PAT margin % 13.3%
EPS (₹) 2.87

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

Quality of profit

Core 55%Other income & one-offs 45%

Pre-tax profit ₹185 Cr: core business ₹101 Cr, other income ₹85.0 Cr, exceptional & other items −₹1.0 Cr.

Detailed financials →

Sterlite Technologies Limited

STLTECH · Cables & Wires · Q4 FY26 · Consolidated
M Cap
₹52,133 Cr
P/E
214.5
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 165 bps YoY
  • 50% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +37.0%+14.6% 1,4411,2571,052
Operating profit +56.0%+62.5% 195120125
OPM % +165 bps+399 bps 13.5%9.5%11.9%
Other income +157.1%+500.0% 54.09.021.0
Net profit? from lossfrom loss 59.0-17.0-40.0
PAT margin % +790 bps+545 bps 4.1%-1.4%-3.8%
EPS (₹) from lossfrom loss 1.21-0.35-0.84

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹109 Cr: core business ₹55.0 Cr, other income ₹54.0 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹522 Cr: 932% of FY26 net profit of ₹56.0 Cr.

Borrowings ₹1,942 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹926₹1,441 +55.6% above
📊 Investor presentation (19 May) Detailed financials →

PB Fintech Limited

POLICYBZR · IT Services & Software · Q4 FY26 · Consolidated
M Cap
₹48,382 Cr
P/E
—
PEG
—
  • Profit -24% below its own trend
  • Operating margin expanded 279 bps YoY
  • 39% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +137%)
  • FY26 operating cash flow was only 6% of profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +36.7%+16.4% 2,0611,7711,508
Operating profit +87.5%+33.3% 212159113
OPM % +279 bps+131 bps 10.3%9.0%7.5%
Other income +2.9%+22.4% 10485.0101
Net profit? +52.9%+38.1% 261189171
PAT margin % +135 bps+199 bps 12.7%10.7%11.3%
EPS (₹) +51.2%+37.9% 5.644.093.73

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹272 Cr: core business ₹167 Cr, other income ₹104 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +136.6% · reported profit +52.9%

Cash & debt

FY26 cash from operations ₹41.0 Cr: 6% of FY26 net profit of ₹670 Cr.

Borrowings ₹360 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,076₹2,061 -0.7% in line
Net profit₹341₹261 -23.5% below
📊 Investor presentation (11 May) Detailed financials →

Fertilizers and Chemicals Travancore Limited

FACT · Fertilizers · Q4 FY26 · Standalone
M Cap
₹47,314 Cr
P/E
—
PEG
—
  • Operating margin contracted 478 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +40.9%-5.4% 1,4841,5681,053
Operating profit -42.7%from loss 48.6-42.984.8
OPM % -478 bps+601 bps 3.3%-2.7%8.1%
Other income -55.4%-13.3% 34.039.276.3
Net profit -95.5%from loss 3.2-67.970.7
PAT margin % -650 bps+454 bps 0.2%-4.3%6.7%
EPS (₹) -95.4%from loss 0.05-1.051.09

Quality of profit

Pre-tax profit ₹5.8 Cr: core business −₹28.2 Cr, other income ₹34.0 Cr.

Core profit YoY: to loss · reported profit -95.5%

Cash & debt

FY26 cash from operations −₹996 Cr.

Borrowings ₹3,985 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,462₹1,484 +1.5% in line
Detailed financials →

Godrej Properties Limited

GODREJPROP · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹46,524 Cr
P/E
29.2
PEG
0.51
  • Profit +45% above its own trend
  • Operating margin expanded 1156 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
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +63.0%+593.9% 3,4584982,122
Operating profit +596.0%from loss 522-19775.0
OPM % +1156 bps+5463 bps 15.1%-39.5%3.5%
Other income -22.4%-15.6% 434514559
Net profit? +70.6%+232.5% 645194378
PAT margin % +84 bps-2028 bps 18.7%38.9%17.8%
EPS (₹) +70.2%+233.0% 21.586.4812.68

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹869 Cr: core business ₹434 Cr, other income ₹434 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: — · reported profit +70.6%

Cash & debt

FY26 cash from operations −₹2,003 Cr: -109% of FY26 net profit of ₹1,840 Cr.

Borrowings ₹15,894 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,342₹3,458 +157.6% above
Net profit₹446₹645 +44.7% above
📊 Investor presentation (04 Aug) Detailed financials →

Rail Vikas Nigam Limited

RVNL · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹40,187 Cr
P/E
44.8
PEG
—
  • Profit -55% below its own trend
  • Operating margin contracted 272 bps YoY
  • 36% 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 +4.2%+42.9% 6,6964,6846,427
Operating profit -37.8%+21.9% 269221433
OPM % -272 bps-69 bps 4.0%4.7%6.7%
Other income -62.8%-71.1% 89.0308239
Net profit? -60.4%-43.9% 182324459
PAT margin % -443 bps-420 bps 2.7%6.9%7.1%
EPS (₹) -59.1%-41.9% 0.901.552.20

Quality of profit

Core 64%Other income & one-offs 36%

Pre-tax profit ₹250 Cr: core business ₹161 Cr, other income ₹89.0 Cr.

Core profit YoY: -47.5% · reported profit -60.4%

Cash & debt

FY26 cash from operations −₹1,894 Cr: -217% of FY26 net profit of ₹871 Cr.

Borrowings ₹4,818 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹6,379₹6,696 +5.0% in line
Net profit₹405₹182 -55.0% below
Detailed financials →

Bharat Dynamics Limited

BDL · Engineering & Capital Goods · Q4 FY26 · Standalone
M Cap
₹39,919 Cr
P/E
76.7
PEG
12.78
  • Profit -69% below its own trend
  • Operating margin contracted 537 bps YoY
  • 78% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -88%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -73.0%-15.3% 4805671,777
Operating profit -81.6%+111.7% 55.026.0299
OPM % -537 bps+687 bps 11.5%4.6%16.8%
Other income +19.5%+22.5% 11997.299.6
Net profit -58.6%+55.0% 11372.9273
PAT margin % +819 bps+1067 bps 23.5%12.9%15.4%
EPS (₹) -58.5%+55.3% 3.091.997.44

Quality of profit

Core 22%Other income & one-offs 78%

Pre-tax profit ₹154 Cr: core business ₹34.0 Cr, other income ₹119 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -87.8% · reported profit -58.6%

Cash & debt

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,001₹480 -84.0% below
Net profit₹369₹113 -69.4% below
📊 Investor presentation (10 Jun) Detailed financials →

AIA Engineering Limited

AIAENG · Castings & Forgings · Q4 FY26 · Consolidated
M Cap
₹34,959 Cr
P/E
27.6
PEG
3.95
  • Profit +24% above its own trend
  • Operating margin expanded 257 bps YoY
  • 30% of pre-tax profit came from other income and one-off items
  • FY26 operating cash flow was only 47% of profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +9.4%+18.7% 1,2661,0671,157
Operating profit +20.2%+25.0% 363290302
OPM % +257 bps+145 bps 28.7%27.2%26.1%
Other income +42.9%+3.4% 14013598.0
Net profit? +37.9%+34.2% 393293285
PAT margin % +641 bps+358 bps 31.0%27.5%24.6%
EPS (₹) +37.9%+33.6% 42.1431.5430.56

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹468 Cr: core business ₹329 Cr, other income ₹140 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +23.7% · reported profit +37.9%

Cash & debt

FY26 cash from operations ₹592 Cr: 47% of FY26 net profit of ₹1,269 Cr.

Borrowings ₹10.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,162₹1,266 +8.9% above
Net profit₹317₹393 +23.9% above
📊 Investor presentation (12 Aug) Detailed financials →

NLC India Limited

NLCINDIA · Power Generation & Utilities · Q4 FY26 · Consolidated
M Cap
₹33,917 Cr
P/E
10.1
PEG
0.63
  • Profit +151% above its own trend
  • Operating margin expanded 1273 bps YoY
  • 53% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +31.4%+13.5% 5,0424,4433,836
Operating profit +106.0%+32.0% 1,7741,344861
OPM % +1273 bps+493 bps 35.2%30.3%22.5%
Other income -16.2%+120.3% 802364957
Net profit? +216.1%+104.6% 1,481724468
PAT margin % +1716 bps+1308 bps 29.4%16.3%12.2%
EPS (₹) +197.3%+92.5% 10.055.223.38

Quality of profit

Core 47%Other income & one-offs 53%

Pre-tax profit ₹1,518 Cr: core business ₹715 Cr, other income ₹802 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: from loss · reported profit +216.1%

Cash & debt

FY26 cash from operations ₹5,166 Cr: 137% of FY26 net profit of ₹3,769 Cr.

Borrowings ₹27,892 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,251₹5,042 +18.6% above
Net profit₹591₹1,481 +150.8% above
📊 Investor presentation (27 May) Detailed financials →

Container Corporation of India Limited

CONCOR · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹33,568 Cr
P/E
26.9
PEG
13.45
  • Profit -10% below its own trend
  • 26% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -1.1%-1.9% 2,2632,3082,288
Operating profit -3.1%-16.9% 427514441
OPM % -39 bps-341 bps 18.9%22.3%19.3%
Other income -30.7%-3.7% 89.092.5129
Net profit? -11.7%-21.2% 264335299
PAT margin % -140 bps-285 bps 11.7%14.5%13.1%
EPS (₹) -12.2%-21.6% 3.454.40adj. 3.93

EPS restated for the 1:4 bonus of Jul 2025: Mar 2025 ₹4.91 to ₹3.93.

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹342 Cr: core business ₹253 Cr, other income ₹89.0 Cr.

Core profit YoY: -3.8% · reported profit -11.7%

Cash & debt

FY26 cash from operations ₹1,482 Cr: 119% of FY26 net profit of ₹1,246 Cr.

Borrowings ₹965 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,349₹2,263 -3.7% in line
Net profit₹295₹264 -10.4% below
Detailed financials →

Godrej Industries Limited

GODREJIND · Chemicals · Q4 FY26 · Consolidated
M Cap
₹33,207 Cr
P/E
15.0
PEG
1.07
  • Profit +79% above its own trend
  • Operating margin expanded 490 bps YoY
  • 70% 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 +33.1%+52.3% 7,6945,0515,780
Operating profit +96.7%+114.5% 1,167544593
OPM % +490 bps+440 bps 15.2%10.8%10.3%
Other income +26.5%+21.3% 784646620
Net profit? +102.1%+138.5% 841353416
PAT margin % +373 bps+395 bps 10.9%7.0%7.2%
EPS (₹) +142.5%+117.3% 13.196.075.44

Quality of profit

Core 30%Other income & one-offs 70%

Pre-tax profit ₹1,126 Cr: core business ₹342 Cr, other income ₹784 Cr.

Core profit YoY: from loss · reported profit +102.1%

Cash & debt

FY26 cash from operations −₹8,855 Cr: -367% of FY26 net profit of ₹2,412 Cr.

Borrowings ₹51,564 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹6,060₹7,694 +27.0% above
Net profit₹470₹841 +79.0% above
Detailed financials →

Cochin Shipyard Limited

COCHINSHIP · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹32,412 Cr
P/E
47.7
PEG
1.19
  • Operating margin expanded 577 bps YoY
  • 39% 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 -15.6%+9.9% 1,4841,3501,758
Operating profit +16.6%+65.8% 310187266
OPM % +577 bps+704 bps 20.9%13.9%15.1%
Other income -0.1%+121.1% 15771.0157
Net profit? -3.9%+90.3% 276145287
PAT margin % +226 bps+786 bps 18.6%10.7%16.3%
EPS (₹) -3.8%+91.1% 10.515.5010.92

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹403 Cr: core business ₹246 Cr, other income ₹157 Cr.

Core profit YoY: +8.4% · reported profit -3.9%

Cash & debt

FY26 cash from operations −₹1,234 Cr: -172% of FY26 net profit of ₹716 Cr.

Borrowings ₹1,672 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,235₹1,484 -33.6% below
Net profit₹272₹276 +1.3% in line
📊 Investor presentation (10 Sep) 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