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
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M Cap ₹65.0 Cr
P/E 18.0
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 4239 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
+25.7% -8.8%
13.1 14.3 10.4 Operating profit
from loss -78.3%
0.5 2.1 -4.0 OPM %
+4239 bps -1100 bps
3.4% 14.4% -38.9% Other income
-60.7% +149.3%
1.9 0.8 4.8 Net profit?
from loss -55.3%
0.7 1.5 -0.8 PAT margin %
+1280 bps -540 bps
5.2% 10.6% -7.6% EPS (₹)
from loss -53.6%
0.13 0.28 -0.15
Quality of profit
Pre-tax profit ₹1.3 Cr: core business −₹0.6 Cr, other income ₹1.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹12.3 Cr:
322% of FY26 net profit of ₹3.8 Cr.
Borrowings ₹26.5 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹16.2 ₹13.1
-19.4% below
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
-9.5% +43.8%
13.8 9.6 15.2 Operating profit
-90.3% from loss 0.1 -2.0 0.6 OPM %
-365 bps +2146 bps
0.4% -21.0% 4.1% Other income
+161.5% +17.2%
0.3 0.3 0.1 Net profit
+44.4% from loss 0.1 -1.4 0.1 PAT margin %
+35 bps +1601 bps
0.9% -15.1% 0.6% EPS (₹)
+33.3% from loss 0.04 -0.46 0.03
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.1 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
· reported profit +44.4%
Cash & debt
FY26 cash from operations −₹7.4 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹13.4 ₹13.8
+2.4% in line Net profit ₹0.1 ₹0.1
-1.6% in line
M Cap ₹64.0 Cr
P/E 11.8
PEG 0.08
Profit -73% below its own trend Operating margin expanded 533 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
+30.9% +19.5%
112 93.3 85.2 Operating profit
— -33.1%
6.5 9.7 0.4 OPM %
+533 bps -459 bps
5.8% 10.4% 0.5% Other income
-77.4% +213.3%
3.1 1.0 13.6 Net profit
-71.3% -7.1%
0.9 1.0 3.2 PAT margin %
-294 bps -24 bps
0.8% 1.1% 3.8% EPS (₹)
-71.7% -7.1%
0.39 0.42 1.38
Quality of profit
Pre-tax profit ₹1.4 Cr: core business −₹1.6 Cr, other income ₹3.1 Cr.
Core profit YoY: loss narrowed
· reported profit -71.3%
Cash & debt
FY26 cash from operations ₹46.0 Cr:
855% of FY26 net profit of ₹5.4 Cr.
Borrowings ₹168 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹69.9 ₹112
+59.5% above Net profit ₹3.4 ₹0.9
-72.8% below
M Cap ₹63.0 Cr
P/E 8.0
PEG —
Operating margin contracted 899 bps YoY 55% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -16%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+48.2% +2.1%
21.6 21.1 14.6 Operating profit
+0.7% -26.7%
4.1 5.6 4.1 OPM %
-899 bps -749 bps
19.1% 26.6% 28.1% Other income
+36.5% +51.9%
2.8 1.9 2.1 Net profit?
+4.8% -27.9%
3.3 4.6 3.1 PAT margin %
-633 bps -637 bps
15.3% 21.7% 21.6% EPS (₹)
+5.3% -27.6%
1.39 1.92 1.32
Quality of profit
Pre-tax profit ₹5.2 Cr: core business ₹2.4 Cr, other income ₹2.8 Cr.
Core profit YoY: -16.0%
· reported profit +4.8%
Cash & debt
Borrowings ₹0.3 Cr at Mar 2026.
M Cap ₹62.0 Cr
P/E 18.8
PEG 1.25
Operating margin expanded 586 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
+13.6% -33.1%
25.9 38.7 22.8 Operating profit
from loss -80.2%
1.0 5.2 -0.4 OPM %
+586 bps -955 bps
4.0% 13.6% -1.8% Other income
-55.6% +300.0%
0.1 0.0 0.2 Net profit
— to loss -0.9 4.2 -0.9 PAT margin %
+46 bps -1419 bps
-3.4% 10.8% -3.8% EPS (₹)
— to loss -1.67 8.05 -1.67
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹2.9 Cr.
Borrowings ₹2.7 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹27.5 ₹25.9
-5.7% below
Profit +51% above its own trend Operating margin expanded 161 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-3.1% +5.9%
86.0 81.2 88.8 Operating profit
+31.1% +26.4%
5.3 4.2 4.0 OPM %
+161 bps +100 bps
6.2% 5.2% 4.6% Other income
+42.1% +900.0%
5.7 0.6 4.0 Net profit?
+202.2% from loss 4.2 -0.8 1.4 PAT margin %
+329 bps +587 bps
4.8% -1.0% 1.6% EPS (₹)
+200.0% from loss 1.35 -0.27 0.45
Quality of profit
Pre-tax profit ₹5.7 Cr: core business −₹0.0 Cr, other income ₹5.7 Cr.
Core profit YoY: loss narrowed
· reported profit +202.2%
Cash & debt
FY26 cash from operations ₹19.0 Cr:
3115% of FY26 net profit of ₹0.6 Cr.
Borrowings ₹91.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹78.8 ₹86.0
+9.2% above Net profit ₹2.8 ₹4.2
+51.1% above
M Cap ₹61.0 Cr
P/E 20.6
PEG 1.14
Profit +458% above 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
+52.3% +43.1%
36.6 25.6 24.0 Operating profit
loss widened loss narrowed -1.4 -1.7 -0.8 OPM %
-44 bps +276 bps
-3.9% -6.6% -3.4% Other income
+51.9% -7.6%
3.6 3.9 2.4 Net profit?
+484.6% -30.3%
0.8 1.1 0.1 PAT margin %
+154 bps -219 bps
2.1% 4.3% 0.5% EPS (₹)
+600.0% -36.4%
0.07 0.11 0.01
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹2.5 Cr, other income ₹3.6 Cr.
Core profit YoY: loss widened
· reported profit +484.6%
Cash & debt
FY26 cash from operations −₹16.0 Cr:
-588% of FY26 net profit of ₹2.7 Cr.
Borrowings ₹21.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹27.9 ₹36.6
+31.0% above Net profit ₹0.1 ₹0.8
+458.0% above
M Cap ₹60.0 Cr
P/E 15.1
PEG —
Profit -88% below its own trend Operating margin contracted 180 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
+27.4% +22.0%
172 141 135 Operating profit
-50.0% -33.3%
2.0 3.0 4.0 OPM %
-180 bps -96 bps
1.2% 2.1% 3.0% Other income
+33.3% +33.3%
4.0 3.0 3.0 Net profit?
-90.0% -66.7%
1.0 3.0 10.0 PAT margin %
-683 bps -155 bps
0.6% 2.1% 7.4% EPS (₹)
-94.0% -80.6%
0.25 1.29 4.18
Quality of profit
Pre-tax profit ₹2.0 Cr: core business −₹2.0 Cr, other income ₹4.0 Cr.
Core profit YoY: to loss
· reported profit -90.0%
Cash & debt
FY26 cash from operations −₹5.0 Cr.
Borrowings ₹14.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹168 ₹172
+2.4% in line Net profit ₹8.3 ₹1.0
-87.9% below
M Cap ₹59.0 Cr
P/E 94.0
PEG —
Profit -69% below its own trend Operating margin contracted 199 bps YoY 67% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.4% +1.5%
24.8 24.4 21.3 Operating profit
-55.1% -54.4%
0.3 0.7 0.7 OPM %
-199 bps -153 bps
1.2% 2.8% 3.2% Other income
+200.0% —
0.1 0.0 0.0 Net profit
-84.6% -87.9%
0.0 0.3 0.3 PAT margin %
-106 bps -119 bps
0.2% 1.3% 1.2% EPS (₹)
-100.0% -100.0%
0.00 0.02 0.01
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: -86.4%
· reported profit -84.6%
Cash & debt
FY26 cash from operations ₹6.6 Cr:
787% of FY26 net profit of ₹0.8 Cr.
Borrowings ₹0.5 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹24.0 ₹24.8
+3.5% in line Net profit ₹0.1 ₹0.0
-69.2% below
M Cap ₹57.0 Cr
P/E 31.9
PEG —
Profit +103% above its own trend Operating margin expanded 373 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
+11.3% +10.9%
24.4 22.0 21.9 Operating profit
+79.7% +17.7%
2.4 2.0 1.3 OPM %
+373 bps +57 bps
9.8% 9.2% 6.1% Other income
-36.4% —
0.8 0.0 1.2 Net profit
+55.6% +64.7%
1.1 0.7 0.7 PAT margin %
+131 bps +150 bps
4.6% 3.1% 3.3% EPS (₹)
+57.1% +65.0%
0.66 0.40 0.42
Quality of profit
Pre-tax profit ₹1.8 Cr: core business ₹1.0 Cr, other income ₹0.8 Cr.
Core profit YoY: from loss
· reported profit +55.6%
Cash & debt
FY26 cash from operations ₹7.9 Cr.
Borrowings ₹16.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹15.8 ₹24.4
+54.0% above Net profit ₹0.6 ₹1.1
+103.1% above
M Cap ₹54.0 Cr
P/E 76.2
PEG —
Operating margin contracted 279 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
+22.5% +25.0%
13.5 10.8 11.0 Operating profit
-10.5% -23.3%
1.0 1.3 1.1 OPM %
-279 bps -475 bps
7.5% 12.3% 10.3% Other income
-7.1% +18.2%
0.5 0.4 0.6 Net profit
-39.4% -60.8%
0.2 0.5 0.3 PAT margin %
-151 bps -324 bps
1.5% 4.7% 3.0% EPS (₹)
-40.0% -60.9%
0.09 0.23 0.15
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.2 Cr, other income ₹0.5 Cr.
Core profit YoY: to loss
· reported profit -39.4%
Cash & debt
FY26 cash from operations ₹7.1 Cr.
Borrowings ₹21.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹15.5 ₹13.5
-12.8% below
M Cap ₹54.0 Cr
P/E 6.7
PEG 0.25
Turnaround: profit against a loss a year ago Operating margin expanded 3108 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
+5.1% +4.6%
25.4 24.3 24.2 Operating profit
+247.5% -3.4%
11.3 11.7 3.3 OPM %
+3108 bps -368 bps
44.6% 48.2% 13.5% Other income
from loss -8.2%
2.5 2.7 -17.2 Net profit?
from loss +8.3%
2.0 1.8 -29.8 PAT margin %
— +26 bps
7.7% 7.4% — EPS (₹)
from loss -9.4%
0.29 0.32 -4.87
Quality of profit
Pre-tax profit ₹1.5 Cr: core business −₹0.9 Cr, other income ₹2.5 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹41.3 Cr:
540% of FY26 net profit of ₹7.7 Cr.
Borrowings ₹146 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹23.3 ₹25.4
+9.0% above
Profit -76% below its own trend Operating margin contracted 540 bps YoY 32% of pre-tax profit came from other income and one-off items
₹ Cr YoY
Mar 2026 Mar 2025
Sales
+126.7%
83.9 37.0 Operating profit
+36.1%
6.8 5.0 OPM %
-540 bps
8.1% 13.5% Other income
+30.3%
1.3 1.0 Net profit?
-51.8%
2.4 5.0 PAT margin %
-1064 bps
2.9% 13.5% EPS (₹)
-57.1%
3.21 7.49
Quality of profit
Pre-tax profit ₹4.1 Cr: core business ₹2.8 Cr, other income ₹1.3 Cr.
Core profit YoY: -7.0%
· reported profit -51.8%
Cash & debt
FY26 cash from operations −₹44.0 Cr.
Borrowings ₹24.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹74.0 ₹83.9
+13.4% above Net profit ₹10.0 ₹2.4
-75.9% below
M Cap ₹53.0 Cr
P/E 11.9
PEG 0.52
Profit -28% below its own trend Operating margin contracted 909 bps YoY 54% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -71%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+51.7% +41.3%
30.8 21.8 20.3 Operating profit
-48.2% -24.5%
1.4 1.9 2.8 OPM %
-909 bps -410 bps
4.7% 8.8% 13.8% Other income
-1.9% +325.0%
0.5 0.1 0.5 Net profit?
-15.7% -22.2%
0.9 1.2 1.1 PAT margin %
-237 bps -241 bps
3.0% 5.4% 5.3% EPS (₹)
-15.1% -21.7%
0.90 1.15 1.06
Quality of profit
Pre-tax profit ₹0.9 Cr: core business ₹0.4 Cr, other income ₹0.5 Cr.
Core profit YoY: -70.9%
· reported profit -15.7%
Cash & debt
FY26 cash from operations ₹4.9 Cr:
109% of FY26 net profit of ₹4.5 Cr.
Borrowings ₹3.4 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹21.6 ₹30.8
+42.6% above Net profit ₹1.3 ₹0.9
-28.2% below
Turnaround: profit against a loss a year ago Operating margin expanded 2418 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
-1.9% +30.1%
21.3 16.4 21.7 Operating profit
from loss -11.2%
0.8 0.9 -4.5 OPM %
+2418 bps -172 bps
3.7% 5.4% -20.5% Other income
— —
0.5 0.0 0.0 Net profit
from loss +340.0%
0.2 0.1 -4.5 PAT margin %
+2165 bps +73 bps
1.0% 0.3% -20.6% EPS (₹)
from loss +300.0%
0.04 0.01 -0.86
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.2 Cr, other income ₹0.5 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹7.5 Cr:
953% of FY26 net profit of ₹0.8 Cr.
Borrowings ₹20.6 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹11.8 ₹21.3
+80.0% above
M Cap ₹52.0 Cr
P/E 13.1
PEG 0.23
Profit -63% below its own trend Operating margin contracted 178 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
+107.1% +3.2%
60.6 58.8 29.3 Operating profit
+0.0% -66.7%
1.0 3.0 1.0 OPM %
-178 bps -349 bps
1.7% 5.2% 3.5% Other income
-3.0% +306.2%
1.3 0.3 1.3 Net profit
-38.3% -42.4%
0.9 1.6 1.5 PAT margin %
-369 bps -124 bps
1.6% 2.8% 5.3% EPS (₹)
-33.3% -40.0%
0.06 0.10 0.09
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹0.2 Cr, other income ₹1.3 Cr.
Core profit YoY: to loss
· reported profit -38.3%
Cash & debt
FY26 cash from operations −₹6.0 Cr:
-139% of FY26 net profit of ₹4.3 Cr.
Borrowings ₹18.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹39.9 ₹60.6
+51.8% above Net profit ₹2.6 ₹0.9
-63.2% below
M Cap ₹52.0 Cr
P/E 13.1
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 491 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
+11.9% +70.1%
44.4 26.1 39.6 Operating profit
from loss -58.1%
0.9 2.1 -1.2 OPM %
+491 bps -607 bps
2.0% 8.1% -2.9% Other income
-38.3% +23.3%
1.3 1.0 2.1 Net profit
from loss -27.8%
1.2 1.6 -0.8 PAT margin %
+478 bps -358 bps
2.6% 6.2% -2.1% EPS (₹)
from loss -33.3%
0.02 0.03 -0.02
Quality of profit
Pre-tax profit ₹1.2 Cr: core business −₹0.1 Cr, other income ₹1.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹2.0 Cr:
-63% of FY26 net profit of ₹3.2 Cr.
Borrowings ₹21.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹40.9 ₹44.4
+8.4% above
M Cap ₹51.0 Cr
P/E 3.9
PEG 0.79
Profit -41% below its own trend Operating margin contracted 200 bps YoY 57% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -62%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-1.1% +3.3%
94.0 91.0 95.0 Operating profit
-18.2% -35.7%
9.0 14.0 11.0 OPM %
-200 bps -581 bps
9.6% 15.4% 11.6% Other income
+200.0% +200.0%
3.0 1.0 1.0 Net profit
-14.3% -14.3%
6.0 7.0 7.0 PAT margin %
-99 bps -131 bps
6.4% 7.7% 7.4% EPS (₹)
-17.0% -15.7%
4.83 5.73 5.82
Quality of profit
Pre-tax profit ₹7.0 Cr: core business ₹3.0 Cr, other income ₹3.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -62.5%
· reported profit -14.3%
Cash & debt
FY26 cash from operations −₹17.0 Cr.
Borrowings ₹105 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹177 ₹94.0
-46.8% below Net profit ₹10.2 ₹6.0
-41.2% below
M Cap ₹51.0 Cr
P/E 10.2
PEG —
Profit +80% above its own trend Operating margin expanded 147 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-17.3% -14.8%
115 135 139 Operating profit
+25.0% +25.0%
5.0 4.0 4.0 OPM %
+147 bps +138 bps
4.3% 3.0% 2.9% Other income
+0.0% +0.0%
1.0 1.0 1.0 Net profit?
+50.0% +50.0%
3.0 2.0 2.0 PAT margin %
+117 bps +113 bps
2.6% 1.5% 1.4% EPS (₹)
+16.2% +56.4%
2.08 1.33 1.79
Quality of profit
Pre-tax profit ₹4.0 Cr: core business ₹3.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +50.0%
· reported profit +50.0%
Cash & debt
FY26 cash from operations ₹23.0 Cr.
Borrowings ₹43.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹142 ₹115
-19.2% below Net profit ₹1.7 ₹3.0
+80.0% above
M Cap ₹51.0 Cr
P/E 18.7
PEG 0.50
Profit -78% below its own trend Operating margin contracted 10389 bps YoY All of pre-tax profit came from other income or one-off items FY26 operating cash flow was only 36% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-40.8% -5.7%
1.2 1.2 2.0 Operating profit
to loss to loss -0.6 0.5 1.1 OPM %
-10389 bps -8649 bps
-48.3% 38.2% 55.6% Other income
— —
1.1 0.0 0.0 Net profit
-58.9% +0.0%
0.4 0.4 1.1 PAT margin %
-1666 bps +216 bps
37.9% 35.8% 54.6% EPS (₹)
-58.3% +0.0%
0.15 0.15 0.36
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.6 Cr, other income ₹1.1 Cr.
Core profit YoY: to loss
· reported profit -58.9%
Cash & debt
FY26 cash from operations ₹0.7 Cr:
36% of FY26 net profit of ₹2.1 Cr.
Borrowings ₹0.7 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3.8 ₹1.2
-69.8% below Net profit ₹2.0 ₹0.4
-77.8% below
M Cap ₹50.0 Cr
P/E 14.7
PEG 0.57
Turnaround: profit against a loss a year ago Operating margin expanded 545 bps YoY 36% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-10.2% +7.6%
36.9 34.3 41.0 Operating profit
+289.6% +314.3%
2.6 0.6 0.7 OPM %
+545 bps +524 bps
7.1% 1.8% 1.6% Other income
-3.9% +25.6%
0.5 0.4 0.5 Net profit
from loss from loss 1.4 -0.7 -0.8 PAT margin %
+570 bps +590 bps
3.8% -2.1% -1.9% EPS (₹)
from loss from loss 1.63 -0.82 -0.89
Quality of profit
Pre-tax profit ₹1.4 Cr: core business ₹0.9 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹16.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹35.2 ₹36.9
+4.7% in line
M Cap ₹48.0 Cr
P/E 7.6
PEG 0.85
All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+49.7% -84.4%
10.4 66.7 6.9 Operating profit
loss widened to loss -1.2 0.3 -0.8 OPM %
-21 bps -1167 bps
-11.2% 0.5% -11.0% Other income
+20.0% +40.8%
4.1 2.9 3.5 Net profit?
+37.6% -15.3%
1.5 1.8 1.1 PAT margin %
-127 bps +1178 bps
14.4% 2.7% 15.7% EPS (₹)
+38.2% -14.5%
0.47 0.55 0.34
Quality of profit
Pre-tax profit ₹2.1 Cr: core business −₹2.1 Cr, other income ₹4.1 Cr.
Core profit YoY: loss widened
· reported profit +37.6%
Cash & debt
FY26 cash from operations ₹12.9 Cr:
209% of FY26 net profit of ₹6.2 Cr.
Borrowings ₹46.2 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3.5 ₹10.4
+199.4% above Net profit ₹1.4 ₹1.5
+4.6% in line
M Cap ₹47.0 Cr
P/E 1.0
PEG —
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
-100.0% —
0.0 0.0 12.0 Operating profit
loss narrowed loss widened -62.0 -51.0 -416 Other income
from loss —
362 0.0 -289 Net profit?
from loss from loss 200 -53.0 -752 EPS (₹)
from loss from loss 17.55 -4.20 -60.24
Quality of profit
Pre-tax profit ₹199 Cr: core business −₹163 Cr, other income ₹362 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹50.0 Cr:
-111% of FY26 net profit of ₹45.0 Cr.
Borrowings ₹2,876 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹6.0 ₹0.0
-100.0% below
M Cap ₹46.0 Cr
P/E 3.7
PEG 0.08
Turnaround: profit against a loss a year ago Operating margin expanded 11142 bps YoY 42% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+142.7% -7.2%
31.6 34.0 13.0 Operating profit
from loss -1.1%
10.9 11.0 -10.0 OPM %
+11142 bps +214 bps
34.5% 32.4% -76.9% Other income
+217.5% +58.7%
3.2 2.0 1.0 Net profit?
from loss +8.8%
6.5 6.0 -10.0 PAT margin %
+9760 bps +303 bps
20.7% 17.6% -76.9% EPS (₹)
from loss +7.1%
adj. 5.154.81 -7.90
EPS restated for the 1:1 bonus of Oct 2025: Mar 2026 ₹10.30 to ₹5.15.
Quality of profit
Pre-tax profit ₹7.6 Cr: core business ₹4.5 Cr, other income ₹3.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹8.0 Cr.
Borrowings ₹55.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹11.9 ₹31.6
+164.2% above
33% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— —
1.2 0.1 0.0 Operating profit
from loss from loss 0.6 -0.2 -0.3 OPM %
— —
49.6% — — Other income
from loss -86.5%
0.1 0.4 -0.2 Net profit?
loss narrowed loss narrowed -0.1 -0.4 -3.2 PAT margin %
— —
-11.4% — — EPS (₹)
loss narrowed loss narrowed -0.08 -0.22 -2.17
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹3.7 Cr.
Borrowings ₹18.5 Cr at Mar 2026.
M Cap ₹43.0 Cr
P/E 8.7
PEG —
Profit -62% below its own trend Operating margin expanded 107 bps YoY 50% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+6.6% +35.0%
81.0 60.0 76.0 Operating profit
+50.0% -40.0%
3.0 5.0 2.0 OPM %
+107 bps -463 bps
3.7% 8.3% 2.6% Other income
-75.0% +0.0%
1.0 1.0 4.0 Net profit?
-50.0% -33.3%
2.0 3.0 4.0 PAT margin %
-279 bps -253 bps
2.5% 5.0% 5.3% EPS (₹)
-62.6% -43.0%
0.85 1.49 2.27
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹1.0 Cr, other income ₹1.0 Cr.
Core profit YoY: —
· reported profit -50.0%
Cash & debt
FY26 cash from operations ₹14.0 Cr.
Borrowings ₹45.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹72.3 ₹81.0
+12.0% above Net profit ₹5.2 ₹2.0
-61.5% below
M Cap ₹43.0 Cr
P/E 26.1
PEG —
Profit -70% below its own trend Operating margin contracted 437 bps YoY 30% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-13.4% -2.1%
45.8 46.8 52.9 Operating profit
-57.4% +25.2%
1.9 1.6 4.5 OPM %
-437 bps +92 bps
4.2% 3.3% 8.6% Other income
-51.6% -60.3%
0.3 0.8 0.6 Net profit?
-73.9% -16.7%
0.8 0.9 2.9 PAT margin %
-379 bps -29 bps
1.6% 1.9% 5.4% EPS (₹)
-73.8% -16.4%
0.61 0.73 2.33
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.7 Cr, other income ₹0.3 Cr.
Core profit YoY: -77.2%
· reported profit -73.9%
Cash & debt
FY26 cash from operations ₹4.7 Cr.
Borrowings ₹11.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹57.4 ₹45.8
-20.1% below Net profit ₹2.5 ₹0.8
-70.2% below
M Cap ₹41.0 Cr
P/E 54.5
PEG —
Profit -60% below its own trend Operating margin contracted 565 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
-62.0% +24.8%
6.0 4.8 15.9 Operating profit
to loss loss widened -0.2 -0.2 0.4 OPM %
-565 bps +62 bps
-3.3% -3.9% 2.3% Other income
-34.7% +8.8%
0.6 0.6 0.9 Net profit
-79.8% -5.6%
0.2 0.2 0.8 PAT margin %
-247 bps -91 bps
2.8% 3.7% 5.3% EPS (₹)
-79.4% +0.0%
0.13 0.13 0.63
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.3 Cr, other income ₹0.6 Cr.
Core profit YoY: to loss
· reported profit -79.8%
Cash & debt
FY26 cash from operations ₹1.2 Cr:
132% of FY26 net profit of ₹0.9 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹7.9 ₹6.0
-24.0% below Net profit ₹0.4 ₹0.2
-59.5% below
M Cap ₹41.0 Cr
P/E 12.1
PEG 1.10
Turnaround: profit against a loss a year ago Operating margin expanded 476 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
-28.3% -58.8%
22.3 54.0 31.1 Operating profit
+55.1% -39.9%
2.0 3.3 1.3 OPM %
+476 bps +278 bps
8.8% 6.1% 4.1% Other income
+154.9% +184.9%
3.4 1.2 1.3 Net profit
from loss +46.4%
0.8 0.6 -1.9 PAT margin %
+993 bps +265 bps
3.7% 1.0% -6.2% EPS (₹)
from loss +45.5%
0.48 0.33 -1.13
Quality of profit
Pre-tax profit ₹1.4 Cr: core business −₹2.0 Cr, other income ₹3.4 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations −₹7.0 Cr:
-203% of FY26 net profit of ₹3.5 Cr.
Borrowings ₹96.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹41.0 ₹22.3
-45.7% below
M Cap ₹41.0 Cr
P/E 10.0
PEG —
Profit +101% above its own trend Operating margin contracted 728 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
+39.3% -7.5%
27.4 29.6 19.7 Operating profit
-20.8% -64.5%
2.6 7.4 3.3 OPM %
-728 bps -1537 bps
9.6% 25.0% 16.9% Other income
+710.0% —
0.8 0.0 0.1 Net profit?
+19.0% -79.7%
0.7 3.4 0.6 PAT margin %
-43 bps -895 bps
2.5% 11.5% 2.9% EPS (₹)
+19.1% -79.8%
0.81 4.01 0.68
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹0.1 Cr, other income ₹0.8 Cr.
Core profit YoY: to loss
· reported profit +19.0%
Cash & debt
FY26 cash from operations ₹9.4 Cr.
Borrowings ₹32.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹23.6 ₹27.4
+16.0% above Net profit ₹0.3 ₹0.7
+100.8% above
How to read this page
The numbers. Each card is one company's Q4 FY26 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter,
before minority interest. A company's own headline, and the AI read of its filing, often quote the profit
attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's
Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that
attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two
are the same.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 13 Oct 2026, 22:38 IST
