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.
See them → Q4 FY26 scoreboard
Sales growth
+12.4%
YoY, 4645 companies combined; median +11.7%
Net profit growth
+34.1%
YoY combined; median +16.1%
Operating margin
14.3%
+10 bps YoY
Grew profit
55%
472 turnarounds, 495 into loss
Vs own profit trend
38% / 48%
above / below, 14% in line
Banks: NII growth
+9.1%
120 lenders; profit +11.1%
Price since results
-3.9%
median; 31% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
1375 matching results 1375
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M Cap ₹100 Cr
P/E 12.4
PEG —
Turnaround: profit against a loss a year ago 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
-98.9% -98.6%
0.5 32.1 41.0 Operating profit
loss narrowed loss widened -1.3 -1.1 -1.5 Other income
from loss +88.0%
8.4 4.4 -7.6 Net profit
from loss +147.5%
5.8 2.3 -8.2 EPS (₹)
from loss +146.6%
5.40 2.19 -7.72
Quality of profit
Pre-tax profit ₹7.0 Cr: core business −₹1.4 Cr, other income ₹8.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹4.9 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹22.2 ₹0.5
-97.9% below
M Cap ₹100 Cr
P/E 0.7
PEG 0.03
Operating margin expanded 5000 bps YoY 99% 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
+0.0% +0.0%
2.0 2.0 2.0 Operating profit
— —
1.0 0.0 0.0 OPM %
+5000 bps +5000 bps
50.0% 0.0% 0.0% Other income
— —
158 1.0 1.0 Net profit
— —
145 0.0 0.0 EPS (₹)
— from loss 37.53 -0.01 0.10
Quality of profit
Pre-tax profit ₹159 Cr: core business ₹1.0 Cr, other income ₹158 Cr.
Cash & debt
FY26 cash from operations −₹44.0 Cr:
-31% of FY26 net profit of ₹143 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2.0 ₹2.0
+0.0% in line
M Cap ₹96.0 Cr
P/E 13.7
PEG 0.81
Profit +33% above its own trend Operating margin expanded 183 bps YoY 33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +0%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-7.4% -27.5%
87.0 120 94.0 Operating profit
+12.5% +12.5%
9.0 8.0 8.0 OPM %
+183 bps +368 bps
10.3% 6.7% 8.5% Other income
+0.0% +0.0%
1.0 1.0 1.0 Net profit
+33.3% +33.3%
4.0 3.0 3.0 PAT margin %
+141 bps +210 bps
4.6% 2.5% 3.2% EPS (₹)
+17.7% +16.5%
2.19 1.88 1.86
Quality of profit
Pre-tax profit ₹6.0 Cr: core business ₹4.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +0.0%
· reported profit +33.3%
Cash & debt
FY26 cash from operations −₹8.0 Cr.
Borrowings ₹57.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹97.0 ₹87.0
-10.3% below Net profit ₹3.0 ₹4.0
+33.3% above
M Cap ₹94.0 Cr
P/E 31.9
PEG 1.03
Operating margin expanded 4401 bps YoY 74% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 29% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+314.4% +172.0%
14.4 5.3 3.5 Operating profit
from loss -60.3%
1.1 2.6 -1.3 OPM %
+4401 bps -4267 bps
7.3% 50.0% -36.7% Other income
+719.8% —
0.9 0.0 0.1 Net profit
loss narrowed to loss -0.1 2.6 -2.6 PAT margin %
+7520 bps -5031 bps
-0.9% 49.4% -76.1% EPS (₹)
— -100.0%
0.00 0.06 0.00
Quality of profit
Pre-tax profit ₹1.2 Cr: core business ₹0.3 Cr, other income ₹0.9 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹0.8 Cr:
29% of FY26 net profit of ₹2.9 Cr.
Borrowings ₹5.7 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2.1 ₹14.4
+573.4% above
32% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+20.0% +159.7%
98.6 38.0 82.2 Operating profit
+17.3% from loss 7.6 -2.0 6.5 OPM %
-18 bps +1302 bps
7.7% -5.3% 7.9% Other income
-43.0% -75.9%
0.5 1.9 0.8 Net profit?
— from loss 1.3 -4.2 0.0 PAT margin %
+123 bps +1226 bps
1.3% -11.0% 0.0% EPS (₹)
— from loss 0.66 -2.18 0.02
Quality of profit
Pre-tax profit ₹1.4 Cr: core business ₹1.0 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹33.0 Cr.
Borrowings ₹78.0 Cr at Mar 2026.
M Cap ₹93.0 Cr
P/E 7.8
PEG 1.94
Profit +79% above its own trend Operating margin expanded 508 bps YoY 30% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +40%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-42.1% -33.3%
114 171 197 Operating profit
+22.2% +37.5%
11.0 8.0 9.0 OPM %
+508 bps +497 bps
9.6% 4.7% 4.6% Other income
+0.0% +0.0%
2.0 2.0 2.0 Net profit
+16.7% +75.0%
7.0 4.0 6.0 PAT margin %
+309 bps +380 bps
6.1% 2.3% 3.0% EPS (₹)
+27.6% +62.7%
5.37 3.30 4.21
Quality of profit
Pre-tax profit ₹10.0 Cr: core business ₹7.0 Cr, other income ₹2.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +40.0%
· reported profit +16.7%
Cash & debt
FY26 cash from operations −₹10.0 Cr.
Borrowings ₹20.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹295 ₹114
-61.4% below Net profit ₹3.9 ₹7.0
+79.3% above
M Cap ₹92.0 Cr
P/E 18.4
PEG 6.14
Operating margin expanded 192 bps YoY 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+6.3% +9.8%
101 92.0 95.0 Operating profit
+200.0% +50.0%
3.0 2.0 1.0 OPM %
+192 bps +80 bps
3.0% 2.2% 1.1% Other income
from loss -50.0%
1.0 2.0 -1.0 Net profit
— +50.0%
3.0 2.0 0.0 PAT margin %
+297 bps +80 bps
3.0% 2.2% 0.0% EPS (₹)
from loss +3.2%
1.91 1.85 -0.24
Quality of profit
Pre-tax profit ₹3.0 Cr: core business ₹2.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +100.0%
Cash & debt
FY26 cash from operations −₹2.0 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹89.9 ₹101
+12.4% above
M Cap ₹92.0 Cr
P/E 8.6
PEG —
Profit +999% above its own trend Operating margin contracted 204 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
+37.0% +11.7%
178 159 130 Operating profit
-16.5% -37.8%
5.7 9.1 6.8 OPM %
-204 bps -254 bps
3.2% 5.7% 5.2% Other income
+181.3% +78.8%
1.9 1.1 0.7 Net profit?
— -37.1%
1.3 2.0 0.1 PAT margin %
+67 bps -55 bps
0.7% 1.3% 0.0% EPS (₹)
— -25.0%
0.03 0.04 0.00
Quality of profit
Pre-tax profit ₹1.7 Cr: core business −₹0.2 Cr, other income ₹1.9 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations −₹4.0 Cr:
-44% of FY26 net profit of ₹9.1 Cr.
Borrowings ₹167 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹146 ₹178
+21.8% above Net profit ₹0.0 ₹1.3
+999.0% above
M Cap ₹91.0 Cr
P/E 6.0
PEG 0.18
Profit -88% below its own trend Operating margin contracted 434 bps YoY 44% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-6.4% +0.0%
219 219 234 Operating profit
-30.8% -3.6%
27.0 28.0 39.0 OPM %
-434 bps -46 bps
12.3% 12.8% 16.7% Other income
— —
3.0 0.0 0.0 Net profit
-75.0% -75.0%
3.0 12.0 12.0 PAT margin %
-376 bps -411 bps
1.4% 5.5% 5.1% EPS (₹)
-76.5% -75.2%
1.18 4.76 5.03
Quality of profit
Pre-tax profit ₹9.0 Cr: core business ₹5.0 Cr, other income ₹3.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -75.0%
· reported profit -75.0%
Cash & debt
FY26 cash from operations −₹4.0 Cr.
Borrowings ₹296 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹296 ₹219
-26.1% below Net profit ₹24.0 ₹3.0
-87.5% below
Turnaround: profit against a loss a year ago Operating margin contracted 1992 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
+1.0% -1.9%
202 206 200 Operating profit
-31.7% -43.2%
84.0 148 123 OPM %
-1992 bps -3026 bps
41.6% 71.8% 61.5% Other income
from loss from loss 29.0 -113 -83.0 Net profit?
from loss from loss 86.0 -120 -131 PAT margin %
+10795 bps +10081 bps
42.6% -58.2% -65.4% EPS (₹)
from loss from loss 1.90 -3.10 -2.44
Quality of profit
Pre-tax profit ₹64.0 Cr: core business ₹35.0 Cr, other income ₹29.0 Cr.
Core profit YoY: +52.2%
Cash & debt
FY26 cash from operations ₹981 Cr.
Borrowings ₹2,592 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹226 ₹202
-10.7% below
M Cap ₹88.0 Cr
P/E 304.4
PEG —
Operating margin contracted 143 bps YoY 42% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -19%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+2.9% +25.2%
59.6 47.6 58.0 Operating profit
-16.9% +450.8%
3.6 0.7 4.3 OPM %
-143 bps +464 bps
6.0% 1.4% 7.4% Other income
+40.6% +350.0%
0.9 0.2 0.6 Net profit?
+22.9% from loss 1.4 -2.3 1.2 PAT margin %
+39 bps +728 bps
2.4% -4.8% 2.0% EPS (₹)
+22.6% from loss 0.65 -1.04 0.53
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹1.3 Cr, other income ₹0.9 Cr.
Core profit YoY: -18.7%
· reported profit +22.9%
Cash & debt
FY26 cash from operations ₹11.0 Cr:
3793% of FY26 net profit of ₹0.3 Cr.
Borrowings ₹29.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹56.4 ₹59.6
+5.8% above
M Cap ₹88.0 Cr
P/E 11.0
PEG 0.29
Profit -50% below its own trend Operating margin contracted 519 bps YoY 75% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -86%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+10.0% +1.3%
77.0 76.0 70.0 Operating profit
-30.0% -22.2%
7.0 9.0 10.0 OPM %
-519 bps -275 bps
9.1% 11.8% 14.3% Other income
+100.0% +100.0%
2.0 1.0 1.0 Net profit
-50.0% -40.0%
3.0 5.0 6.0 PAT margin %
-468 bps -268 bps
3.9% 6.6% 8.6% EPS (₹)
-51.4% -44.3%
1.76 3.16 3.62
Quality of profit
Pre-tax profit ₹4.0 Cr: core business ₹1.0 Cr, other income ₹2.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -85.7%
· reported profit -50.0%
Cash & debt
FY26 cash from operations ₹25.0 Cr.
Borrowings ₹13.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹78.6 ₹77.0
-2.1% in line Net profit ₹6.0 ₹3.0
-50.0% below
M Cap ₹84.0 Cr
P/E 15.2
PEG —
Profit -52% below its own trend Operating margin contracted 365 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
+7.3% +7.6%
88.2 81.9 82.2 Operating profit
-21.0% -16.2%
9.0 10.7 11.4 OPM %
-365 bps -289 bps
10.2% 13.1% 13.8% Other income
+55.8% +570.0%
2.7 0.4 1.7 Net profit
-4.9% +118.7%
1.8 0.8 1.8 PAT margin %
-25 bps +101 bps
2.0% 1.0% 2.2% EPS (₹)
-4.9% +118.9%
2.32 1.06 2.44
Quality of profit
Pre-tax profit ₹1.7 Cr: core business −₹0.9 Cr, other income ₹2.7 Cr.
Core profit YoY: to loss
· reported profit -4.9%
Cash & debt
FY26 cash from operations ₹22.0 Cr:
418% of FY26 net profit of ₹5.3 Cr.
Borrowings ₹268 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹77.5 ₹88.2
+13.7% above Net profit ₹3.7 ₹1.8
-52.4% below
M Cap ₹84.0 Cr
P/E 16.5
PEG —
Profit -98% 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
+13.1% -27.2%
50.8 69.8 45.0 Operating profit
+10.9% -26.5%
2.5 3.5 2.3 OPM %
-10 bps +5 bps
5.0% 5.0% 5.1% Other income
-86.4% +66.7%
0.6 0.3 4.0 Net profit
-96.9% -90.1%
0.1 1.4 4.5 PAT margin %
-980 bps -176 bps
0.3% 2.0% 10.1% EPS (₹)
-96.6% -89.3%
0.03 0.28 0.88
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.0 Cr, other income ₹0.6 Cr.
Core profit YoY: to loss
· reported profit -96.9%
Cash & debt
FY26 cash from operations −₹27.0 Cr:
-783% of FY26 net profit of ₹3.4 Cr.
Borrowings ₹50.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹68.9 ₹50.8
-26.2% below Net profit ₹9.1 ₹0.1
-98.5% below
M Cap ₹82.0 Cr
P/E 10.0
PEG —
Profit +95% above its own trend Operating margin contracted 220 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
-24.2% +58.9%
23.3 14.7 30.7 Operating profit
to loss loss narrowed -0.1 -4.1 0.6 OPM %
-220 bps +2798 bps
-0.2% -28.2% 2.0% Other income
+39.2% -12.4%
5.8 6.6 4.2 Net profit
+34.7% +66.4%
4.0 2.4 2.9 PAT margin %
+744 bps +76 bps
17.0% 16.2% 9.6% EPS (₹)
+35.6% +67.1%
1.37 0.82 1.01
Quality of profit
Pre-tax profit ₹4.5 Cr: core business −₹1.3 Cr, other income ₹5.8 Cr.
Core profit YoY: loss widened
· reported profit +34.7%
Cash & debt
FY26 cash from operations ₹14.4 Cr:
204% of FY26 net profit of ₹7.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹15.4 ₹23.3
+51.6% above Net profit ₹2.0 ₹4.0
+94.7% above
M Cap ₹82.0 Cr
P/E 22.7
PEG 0.28
30% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +100%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.0% +59.3%
34.0 21.4 29.3 Operating profit
+66.1% -29.0%
1.0 1.4 0.6 OPM %
+87 bps -358 bps
2.9% 6.5% 2.0% Other income
+0.0% +10.3%
0.3 0.3 0.3 Net profit
+2.6% -20.8%
0.8 1.0 0.8 PAT margin %
-31 bps -238 bps
2.4% 4.7% 2.7% EPS (₹)
+0.0% -22.2%
0.21 0.27 0.21
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.7 Cr, other income ₹0.3 Cr.
Core profit YoY: +100.0%
· reported profit +2.6%
Cash & debt
FY26 cash from operations −₹1.3 Cr:
-34% of FY26 net profit of ₹3.9 Cr.
Borrowings ₹10.1 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹39.6 ₹34.0
-14.2% below Net profit ₹0.8 ₹0.8
+2.1% in line
M Cap ₹80.0 Cr
P/E 68.2
PEG —
Operating margin expanded 7174 bps YoY 86% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+82.8% +36.3%
20.2 14.8 11.1 Operating profit
from loss +5.5%
5.0 4.7 -5.2 OPM %
+7174 bps -718 bps
24.6% 31.8% -47.1% Other income
+95.1% +5.3%
0.8 0.8 0.4 Net profit
loss narrowed to loss -0.3 1.5 -7.8 PAT margin %
+6911 bps -1186 bps
-1.7% 10.2% -70.8% EPS (₹)
loss narrowed to loss -0.14 0.62 -3.21
Quality of profit
Pre-tax profit ₹0.9 Cr: core business ₹0.1 Cr, other income ₹0.8 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹0.7 Cr.
Borrowings ₹23.6 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹8.3 ₹20.2
+144.9% above
Into loss: a profit a year ago Profit -124% below its own trend Operating margin contracted 339 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
-63.7% -62.1%
9.7 25.7 26.8 Operating profit
-68.4% -58.7%
2.2 5.3 6.9 OPM %
-339 bps +188 bps
22.5% 20.7% 25.9% Other income
from loss +156.0%
0.6 0.2 -0.2 Net profit
to loss to loss -1.5 3.9 5.0 PAT margin %
-3437 bps -3094 bps
-15.6% 15.3% 18.7% EPS (₹)
to loss to loss -0.53 1.36 1.74
Quality of profit
Pre-tax profit ₹1.8 Cr: core business ₹1.2 Cr, other income ₹0.6 Cr.
Core profit YoY: -76.9%
Cash & debt
FY26 cash from operations ₹17.0 Cr:
170% of FY26 net profit of ₹10.0 Cr.
Borrowings ₹12.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹29.5 ₹9.7
-67.1% below Net profit ₹6.3 −₹1.5
-124.0% below
M Cap ₹78.0 Cr
P/E 6.5
PEG 0.19
Profit -30% below its own trend 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
+61.0% -5.8%
1,212 1,286 753 Operating profit
-100.0% -100.0%
0.0 3.0 2.0 OPM %
-27 bps -23 bps
0.0% 0.2% 0.3% Other income
+0.0% -8.3%
11.0 12.0 11.0 Net profit
-16.7% -28.6%
5.0 7.0 6.0 PAT margin %
-38 bps -13 bps
0.4% 0.5% 0.8% EPS (₹)
-5.5% -20.4%
2.92 3.67 3.09
Quality of profit
Pre-tax profit ₹7.0 Cr: core business −₹5.0 Cr, other income ₹11.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: loss widened
· reported profit -16.7%
Cash & debt
FY26 cash from operations ₹4.0 Cr.
Borrowings ₹74.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,504 ₹1,212
-19.4% below Net profit ₹7.1 ₹5.0
-29.6% below
M Cap ₹78.0 Cr
P/E 16.3
PEG —
Profit +221% above its own trend Operating margin contracted 366 bps YoY 60% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+21.5% +5.8%
72.0 68.1 59.3 Operating profit
-33.1% -8.2%
3.2 3.5 4.8 OPM %
-366 bps -68 bps
4.5% 5.2% 8.1% Other income
+25.5% +128.6%
0.6 0.3 0.5 Net profit
+100.0% -43.7%
0.8 1.4 0.4 PAT margin %
+41 bps -93 bps
1.1% 2.0% 0.6% EPS (₹)
+101.4% -43.6%
1.41 2.50 0.70
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.4 Cr, other income ₹0.6 Cr.
Core profit YoY: —
· reported profit +100.0%
Cash & debt
FY26 cash from operations ₹11.0 Cr:
325% of FY26 net profit of ₹3.4 Cr.
Borrowings ₹87.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹57.9 ₹72.0
+24.4% above Net profit ₹0.2 ₹0.8
+220.7% above
M Cap ₹77.0 Cr
P/E 16.2
PEG 0.45
Profit -97% below its own trend Operating margin contracted 1258 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
-35.8% -34.3%
22.6 34.4 35.2 Operating profit
-89.3% -92.3%
0.6 7.4 5.3 OPM %
-1258 bps -1900 bps
2.5% 21.5% 15.1% Other income
+225.0% +225.0%
1.2 0.4 0.4 Net profit?
-95.2% -96.8%
0.1 4.6 3.1 PAT margin %
-816 bps -1281 bps
0.7% 13.5% 8.8% EPS (₹)
-95.1% -96.7%
0.07 2.13 1.43
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹1.1 Cr, other income ₹1.2 Cr.
Core profit YoY: to loss
· reported profit -95.2%
Cash & debt
FY26 cash from operations ₹1.4 Cr.
Borrowings ₹19.8 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹54.8 ₹22.6
-58.8% below Net profit ₹4.9 ₹0.1
-97.0% below
Turnaround: profit against a loss a year ago Operating margin expanded 617 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
-7.4% +1.0%
32.3 32.0 34.9 Operating profit
— +31.4%
2.0 1.5 0.0 OPM %
+617 bps +144 bps
6.2% 4.8% 0.1% Other income
-51.1% -12.4%
0.9 1.1 1.9 Net profit
from loss +275.0%
0.3 0.1 -0.5 PAT margin %
+242 bps +68 bps
0.9% 0.3% -1.5% EPS (₹)
from loss +275.0%
0.30 0.08 -0.52
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.5 Cr, other income ₹0.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹9.0 Cr.
Borrowings ₹58.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹29.1 ₹32.3
+10.9% above
M Cap ₹76.0 Cr
P/E 7.2
PEG 0.42
Profit +28% above its own trend 58% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 41% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+56.2% +126.9%
261 115 167 Operating profit
+178.9% -52.3%
2.1 4.4 0.8 OPM %
+36 bps -304 bps
0.8% 3.9% 0.5% Other income
-25.0% —
1.6 0.1 2.2 Net profit
+42.3% -34.6%
1.9 2.8 1.3 PAT margin %
-7 bps -175 bps
0.7% 2.5% 0.8% EPS (₹)
+31.2% -34.4%
0.21 0.32 0.16
Quality of profit
Pre-tax profit ₹2.8 Cr: core business ₹1.2 Cr, other income ₹1.6 Cr.
Core profit YoY: from loss
· reported profit +42.3%
Cash & debt
FY26 cash from operations ₹4.0 Cr:
41% of FY26 net profit of ₹9.9 Cr.
Borrowings ₹25.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹174 ₹261
+50.0% above Net profit ₹1.4 ₹1.9
+28.1% above
M Cap ₹73.0 Cr
P/E 38.7
PEG —
Profit -16% below its own trend Operating margin expanded 1293 bps YoY 72% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -55%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-9.6% -15.7%
6.5 7.7 7.2 Operating profit
+78.1% +58.3%
1.7 1.1 1.0 OPM %
+1293 bps +1228 bps
26.3% 14.0% 13.3% Other income
-4.2% +7.0%
0.5 0.4 0.5 Net profit
-16.7% -5.2%
0.6 0.6 0.7 PAT margin %
-72 bps +94 bps
8.4% 7.5% 9.2% EPS (₹)
-16.2% -4.6%
0.83 0.87 0.99
Quality of profit
Pre-tax profit ₹0.6 Cr: core business ₹0.2 Cr, other income ₹0.5 Cr.
Core profit YoY: -55.0%
· reported profit -16.7%
Cash & debt
FY26 cash from operations −₹4.7 Cr:
-263% of FY26 net profit of ₹1.8 Cr.
Borrowings ₹20.5 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹6.1 ₹6.5
+6.0% above Net profit ₹0.7 ₹0.6
-16.1% below
M Cap ₹73.0 Cr
P/E 16.0
PEG 0.53
Operating margin contracted 1472 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
-54.5% +20.1%
11.3 9.4 24.8 Operating profit
loss widened loss narrowed -2.6 -3.6 -2.0 OPM %
-1472 bps +1557 bps
-22.9% -38.5% -8.2% Other income
-14.7% -18.6%
5.1 6.2 5.9 Net profit?
-50.0% -5.4%
1.4 1.5 2.8 PAT margin %
+111 bps -333 bps
12.3% 15.6% 11.2% EPS (₹)
-50.0% +0.0%
0.10 0.10 0.20
Quality of profit
Pre-tax profit ₹1.4 Cr: core business −₹3.7 Cr, other income ₹5.1 Cr.
Core profit YoY: loss widened
· reported profit -50.0%
Cash & debt
FY26 cash from operations −₹1.0 Cr:
-23% of FY26 net profit of ₹4.5 Cr.
Borrowings ₹220 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹12.9 ₹11.3
-12.8% below
M Cap ₹71.0 Cr
P/E 2.5
PEG 0.06
Operating margin contracted 1266 bps YoY 39% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -34%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.7% +6.1%
11.2 10.6 10.4 Operating profit
-30.8% -15.5%
2.6 3.0 3.7 OPM %
-1266 bps -584 bps
22.8% 28.6% 35.4% Other income
+196.0% -88.3%
1.5 12.7 0.5 Net profit?
-5.2% -75.1%
3.9 15.5 4.1 PAT margin %
-464 bps —
34.3% — 38.9% EPS (₹)
-4.5% -74.4%
0.21 0.82 0.22
Quality of profit
Pre-tax profit ₹3.8 Cr: core business ₹2.4 Cr, other income ₹1.5 Cr.
Core profit YoY: -33.8%
· reported profit -5.2%
Cash & debt
FY26 cash from operations ₹37.0 Cr:
136% of FY26 net profit of ₹27.2 Cr.
Borrowings ₹43.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹11.0 ₹11.2
+1.8% in line
M Cap ₹70.0 Cr
P/E 17.4
PEG —
Profit +300% above its own trend Operating margin contracted 415 bps YoY All of pre-tax profit came from other income or one-off items Profit grew faster than the core business (core profit -100%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+40.9% +19.2%
93.0 78.0 66.0 Operating profit
-14.3% +0.0%
6.0 6.0 7.0 OPM %
-415 bps -124 bps
6.5% 7.7% 10.6% Other income
+200.0% +50.0%
3.0 2.0 1.0 Net profit
+100.0% +0.0%
2.0 2.0 1.0 PAT margin %
+64 bps -41 bps
2.2% 2.6% 1.5% EPS (₹)
+11.9% -30.9%
0.94 1.36 0.84
Quality of profit
Pre-tax profit ₹3.0 Cr: core business ₹0.0 Cr, other income ₹3.0 Cr.
Core profit YoY: -100.0%
· reported profit +100.0%
Cash & debt
FY26 cash from operations ₹9.0 Cr.
Borrowings ₹55.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹73.0 ₹93.0
+27.4% above Net profit ₹0.5 ₹2.0
+300.0% above
M Cap ₹69.0 Cr
P/E 789.9
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 830 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
-42.5% -52.9%
264 560 459 Operating profit
from loss +209.1%
16.4 5.3 -9.7 OPM %
+830 bps +525 bps
6.2% 0.9% -2.1% Other income
-80.1% +15.9%
1.3 1.1 6.6 Net profit?
from loss -70.9%
0.4 1.3 -5.3 PAT margin %
+130 bps -9 bps
0.1% 0.2% -1.2% EPS (₹)
from loss -71.1%
0.11 0.38 -1.58
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹0.3 Cr, other income ₹1.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹63.0 Cr:
7500% of FY26 net profit of ₹0.8 Cr.
Borrowings ₹142 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹462 ₹264
-42.8% below
M Cap ₹68.0 Cr
P/E 5.9
PEG —
Profit +71% above its own trend 70% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +3%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-1.8% +1.8%
309 303 314 Operating profit
-37.1% -45.5%
2.8 5.1 4.5 OPM %
-51 bps -79 bps
0.9% 1.7% 1.4% Other income
+84.3% +9.3%
2.5 2.3 1.3 Net profit
+56.9% -14.6%
2.5 2.9 1.6 PAT margin %
+30 bps -16 bps
0.8% 1.0% 0.5% EPS (₹)
+57.1% -15.4%
0.44 0.52 0.28
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹1.0 Cr, other income ₹2.5 Cr.
Core profit YoY: +3.0%
· reported profit +56.9%
Cash & debt
FY26 cash from operations ₹16.0 Cr:
142% of FY26 net profit of ₹11.2 Cr.
Borrowings ₹197 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹362 ₹309
-14.8% below Net profit ₹1.5 ₹2.5
+70.6% above
M Cap ₹67.0 Cr
P/E 54.5
PEG —
Operating margin expanded 123 bps YoY 27% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +259%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-31.1% -21.5%
101 128 146 Operating profit
+77.2% +53.0%
2.0 1.3 1.1 OPM %
+123 bps +98 bps
2.0% 1.0% 0.8% Other income
+29.6% -28.6%
0.3 0.5 0.3 Net profit
+130.2% +62.3%
1.0 0.6 0.4 PAT margin %
+69 bps +51 bps
1.0% 0.5% 0.3% EPS (₹)
+100.0% +39.5%
0.60 0.43 0.30
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹1.0 Cr, other income ₹0.3 Cr.
Core profit YoY: +259.3%
· reported profit +130.2%
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
