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 ₹40.0 Cr
P/E 47.6
PEG —
Profit -17% below its own trend Operating margin expanded 246 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
+15.0% +27.4%
37.1 29.1 32.3 Operating profit
+190.4% -9.0%
1.5 1.7 0.5 OPM %
+246 bps -163 bps
4.1% 5.7% 1.6% Other income
-58.0% +13.8%
0.7 0.7 1.8 Net profit
-58.4% +100.0%
0.4 0.2 1.0 PAT margin %
-200 bps +41 bps
1.1% 0.7% 3.1% EPS (₹)
-50.0% —
0.01 0.00 0.02
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.4 Cr, other income ₹0.7 Cr.
Core profit YoY: loss narrowed
· reported profit -58.4%
Cash & debt
FY26 cash from operations ₹15.0 Cr:
1613% of FY26 net profit of ₹0.9 Cr.
Borrowings ₹16.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.5 ₹37.1
+10.6% above Net profit ₹0.5 ₹0.4
-16.8% below
M Cap ₹39.0 Cr
P/E 10.8
PEG 0.38
Profit -80% below its own trend Operating margin contracted 279 bps YoY 92% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 16% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.6% -0.2%
64.7 64.9 59.6 Operating profit
-64.4% -65.4%
0.9 2.5 2.5 OPM %
-279 bps -256 bps
1.4% 3.9% 4.1% Other income
-85.1% -25.0%
0.3 0.4 2.2 Net profit?
-81.6% -73.1%
0.5 2.0 2.9 PAT margin %
-408 bps -226 bps
0.8% 3.1% 4.9% EPS (₹)
— -73.3%
0.46 1.72 2.83
No EPS growth against Mar 2025: 1:1 bonus in Oct 2026.
Quality of profit
Pre-tax profit ₹0.4 Cr: core business ₹0.0 Cr, other income ₹0.3 Cr.
Core profit YoY: -97.9%
· reported profit -81.6%
Cash & debt
FY26 cash from operations ₹1.0 Cr:
16% of FY26 net profit of ₹6.3 Cr.
Borrowings ₹18.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹66.7 ₹64.7
-2.9% in line Net profit ₹2.7 ₹0.5
-80.2% below
M Cap ₹38.0 Cr
P/E 8.5
PEG 0.21
Turnaround: profit against a loss a year ago Operating margin expanded 793 bps YoY 34% 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
+30.4% +12.8%
28.2 25.0 21.6 Operating profit
from loss +35.2%
1.6 1.2 -0.5 OPM %
+793 bps +97 bps
5.9% 4.9% -2.1% Other income
+68.3% from loss 0.7 -0.5 0.4 Net profit?
from loss +730.0%
1.7 0.2 -0.5 PAT margin %
+824 bps +509 bps
5.9% 0.8% -2.4% EPS (₹)
from loss +800.0%
0.81 0.09 -0.23
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹1.3 Cr, other income ₹0.7 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹3.0 Cr:
-77% of FY26 net profit of ₹3.9 Cr.
Borrowings ₹10.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹24.0 ₹28.2
+17.3% above
M Cap ₹36.0 Cr
P/E 2.8
PEG 0.06
Profit +416% above its own trend Operating margin expanded 7213 bps YoY 62% 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
+59.5% +54.7%
10.3 6.7 6.5 Operating profit
from loss -1.2%
2.4 2.4 -3.2 OPM %
+7213 bps -1319 bps
23.3% 36.5% -48.8% Other income
-24.3% -12.6%
2.8 3.2 3.7 Net profit?
+311.1% -50.6%
2.2 4.5 0.5 PAT margin %
+1313 bps -4567 bps
21.4% 67.1% 8.3% EPS (₹)
+304.5% -50.6%
0.89 1.80 0.22
Quality of profit
Pre-tax profit ₹4.5 Cr: core business ₹1.7 Cr, other income ₹2.8 Cr.
Core profit YoY: from loss
· reported profit +311.1%
Cash & debt
FY26 cash from operations −₹17.0 Cr:
-157% of FY26 net profit of ₹10.8 Cr.
Borrowings ₹58.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3.2 ₹10.3
+219.0% above Net profit ₹0.4 ₹2.2
+415.8% above
M Cap ₹36.0 Cr
P/E 16.3
PEG —
Operating margin expanded 545 bps YoY 47% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-2.1% -0.1%
45.4 45.5 46.4 Operating profit
+92.7% +159.3%
5.0 1.9 2.6 OPM %
+545 bps +681 bps
11.1% 4.3% 5.6% Other income
+14.3% +310.8%
1.5 0.4 1.3 Net profit
+158.8% from loss 2.6 -0.5 1.0 PAT margin %
+361 bps +680 bps
5.8% -1.0% 2.2% EPS (₹)
+159.8% from loss 3.17 -0.54 1.22
Quality of profit
Pre-tax profit ₹3.2 Cr: core business ₹1.7 Cr, other income ₹1.5 Cr.
Core profit YoY: —
· reported profit +158.8%
Cash & debt
FY26 cash from operations ₹4.6 Cr.
Borrowings ₹34.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹43.9 ₹45.4
+3.5% in line
Operating margin expanded 623 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
+12.5% +0.1%
34.4 34.4 30.6 Operating profit
from loss from loss 1.2 -5.1 -0.8 OPM %
+623 bps +1828 bps
3.5% -14.8% -2.7% Other income
+43.5% -24.7%
1.2 1.6 0.8 Net profit
loss narrowed loss narrowed -0.4 -3.8 -1.1 PAT margin %
+259 bps +993 bps
-1.1% -11.1% -3.7% EPS (₹)
loss narrowed loss narrowed 0.00 -0.05 -0.01
Quality of profit
Pre-tax profit ₹0.6 Cr: core business −₹0.6 Cr, other income ₹1.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹8.0 Cr.
Borrowings ₹5.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹25.5 ₹34.4
+34.7% above
Operating margin contracted 895 bps YoY 79% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-42.4% -10.6%
182 203 316 Operating profit
-80.7% from loss 8.2 -4.0 42.5 OPM %
-895 bps +648 bps
4.5% -2.0% 13.5% Other income
-56.9% -21.3%
5.1 6.4 11.8 Net profit
-86.4% from loss 6.5 -4.5 47.5 PAT margin %
-1150 bps +578 bps
3.5% -2.2% 15.1% EPS (₹)
-86.4% from loss 1.56 -1.10 11.51
Quality of profit
Pre-tax profit ₹6.5 Cr: core business ₹1.4 Cr, other income ₹5.1 Cr.
Core profit YoY: -96.1%
· reported profit -86.4%
Cash & debt
FY26 cash from operations ₹9.0 Cr.
Borrowings ₹1,011 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹290 ₹182
-37.2% below
M Cap ₹33.0 Cr
P/E 7.7
PEG —
Profit +500% above its own trend Operating margin expanded 563 bps YoY 59% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-10.5% -10.4%
25.8 28.8 28.8 Operating profit
+243.9% -8.4%
2.0 2.1 0.6 OPM %
+563 bps +16 bps
7.6% 7.4% 2.0% Other income
+40.5% +316.4%
2.3 0.6 1.6 Net profit
+200.0% +85.2%
2.8 1.5 0.9 PAT margin %
+751 bps +553 bps
10.7% 5.2% 3.2% EPS (₹)
+199.6% +85.2%
6.74 3.64 2.25
Quality of profit
Pre-tax profit ₹3.9 Cr: core business ₹1.6 Cr, other income ₹2.3 Cr.
Core profit YoY: from loss
· reported profit +200.0%
Cash & debt
FY26 cash from operations −₹1.6 Cr.
Borrowings ₹0.3 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹30.9 ₹25.8
-16.6% below Net profit ₹0.5 ₹2.8
+500.0% above
M Cap ₹32.0 Cr
P/E 5.4
PEG 0.08
Profit +133% above its own trend Operating margin expanded 206 bps YoY 25% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +374%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+8.4% +27.5%
139 109 128 Operating profit
+83.4% +0.0%
7.0 7.0 3.8 OPM %
+206 bps -139 bps
5.0% 6.4% 3.0% Other income
— —
2.0 0.0 0.0 Net profit
+262.5% +0.0%
3.0 3.0 0.8 PAT margin %
+151 bps -59 bps
2.2% 2.8% 0.6% EPS (₹)
+148.4% +7.4%
1.59 1.48 0.64
Quality of profit
Pre-tax profit ₹4.0 Cr: core business ₹3.0 Cr, other income ₹2.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +374.2%
· reported profit +262.5%
Cash & debt
FY26 cash from operations −₹43.0 Cr.
Borrowings ₹79.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹107 ₹139
+29.6% above Net profit ₹1.3 ₹3.0
+133.1% above
M Cap ₹31.0 Cr
P/E 10.4
PEG —
Profit -60% below its own trend Operating margin expanded 542 bps YoY 76% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.7% +8.5%
23.3 21.5 21.3 Operating profit
+174.0% -16.6%
2.1 2.5 0.8 OPM %
+542 bps -272 bps
9.0% 11.8% 3.6% Other income
from loss —
1.2 0.0 -0.1 Net profit?
-20.7% -44.6%
0.5 0.8 0.6 PAT margin %
-76 bps -189 bps
2.0% 3.9% 2.7% EPS (₹)
+0.0% -50.0%
0.01 0.02 0.01
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹0.4 Cr, other income ₹1.2 Cr.
Core profit YoY: -39.7%
· reported profit -20.7%
Cash & debt
Borrowings ₹19.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹27.2 ₹23.3
-14.3% below Net profit ₹1.2 ₹0.5
-60.3% below
Operating margin contracted 177 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
+20.5% +40.0%
9.2 6.6 7.7 Operating profit
loss widened loss widened -1.2 -0.2 -0.9 OPM %
-177 bps -1026 bps
-13.0% -2.7% -11.2% Other income
+281.8% +683.1%
4.6 0.6 1.2 Net profit?
— from loss 1.5 -0.5 0.0 PAT margin %
+1586 bps +2355 bps
16.1% -7.4% 0.3% EPS (₹)
— from loss 1.67 -0.55 0.02
Quality of profit
Pre-tax profit ₹2.5 Cr: core business −₹2.1 Cr, other income ₹4.6 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹5.2 Cr:
1366% of FY26 net profit of ₹0.4 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹6.6 ₹9.2
+40.0% above
Operating margin expanded 139 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
+11.7% +7.9%
191 177 171 Operating profit
+100.0% +50.0%
6.0 4.0 3.0 OPM %
+139 bps +88 bps
3.1% 2.3% 1.8% Other income
-100.0% —
0.0 0.0 3.0 Net profit
-100.0% —
0.0 0.0 2.0 PAT margin %
-117 bps +0 bps
0.0% 0.0% 1.2% EPS (₹)
to loss to loss -0.07 0.10 1.09
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: —
· reported profit -100.0%
Cash & debt
FY26 cash from operations ₹1.0 Cr.
Borrowings ₹77.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹188 ₹191
+1.6% in line
Into loss: a profit a year ago Operating margin contracted 3871 bps YoY 77% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-71.4% +14.9%
1.6 1.4 5.7 Operating profit
-94.8% from loss 0.1 -0.4 2.7 OPM %
-3871 bps +3417 bps
8.6% -25.5% 47.3% Other income
-76.1% +120.0%
0.3 0.1 1.4 Net profit
to loss loss widened -6.0 -0.3 4.0 EPS (₹)
to loss loss widened -0.51 -0.03 0.34
Quality of profit
Pre-tax profit ₹0.4 Cr: core business ₹0.1 Cr, other income ₹0.3 Cr.
Core profit YoY: -96.1%
Cash & debt
FY26 cash from operations −₹1.9 Cr.
Borrowings ₹436 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹5.0 ₹1.6
-67.6% below
M Cap ₹28.0 Cr
P/E 23.8
PEG 2.65
Profit +217% above its own trend Operating margin expanded 126 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+239.1% +12.9%
27.0 23.9 8.0 Operating profit
+500.0% +136.4%
0.8 0.3 0.1 OPM %
+126 bps +151 bps
2.9% 1.4% 1.6% Other income
-70.0% -58.6%
0.1 0.3 0.4 Net profit
+310.0% +272.7%
0.4 0.1 0.1 PAT margin %
+26 bps +106 bps
1.5% 0.5% 1.3% EPS (₹)
+300.0% +280.0%
0.76 0.20 0.19
Quality of profit
Pre-tax profit ₹0.4 Cr: core business ₹0.3 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit +310.0%
Cash & debt
FY26 cash from operations ₹4.9 Cr:
467% of FY26 net profit of ₹1.1 Cr.
Borrowings ₹1.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹15.9 ₹27.0
+69.5% above Net profit ₹0.1 ₹0.4
+216.7% above
M Cap ₹28.0 Cr
P/E 5.0
PEG 0.02
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% -100.0%
0.0 8.9 5.2 Operating profit
— to loss -0.1 2.3 -0.1 Other income
-52.8% -67.9%
0.5 1.6 1.1 Net profit
-40.2% -80.0%
0.8 4.0 1.3 EPS (₹)
-42.9% -81.0%
0.04 0.21 0.07
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.1 Cr, other income ₹0.5 Cr.
Core profit YoY: loss narrowed
· reported profit -40.2%
Cash & debt
FY26 cash from operations −₹1.7 Cr:
-31% of FY26 net profit of ₹5.5 Cr.
Borrowings ₹5.3 Cr at Mar 2026.
M Cap ₹27.0 Cr
P/E 28.2
PEG 1.01
Operating margin contracted 6348 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
-82.9% +100.0%
0.4 0.2 2.6 Operating profit
-94.6% —
0.1 0.0 2.4 OPM %
-6348 bps +2500 bps
29.5% 4.5% 93.0% Other income
-75.4% +375.0%
1.1 0.2 4.6 Net profit?
-82.1% from loss 0.9 -0.3 5.2 EPS (₹)
-83.6% from loss 0.09 -0.03 0.55
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹0.2 Cr, other income ₹1.1 Cr.
Core profit YoY: to loss
· reported profit -82.1%
Cash & debt
FY26 cash from operations ₹1.7 Cr:
80% of FY26 net profit of ₹2.1 Cr.
Borrowings ₹11.5 Cr at Mar 2026.
M Cap ₹27.0 Cr
P/E 18.5
PEG 9.26
Profit -58% below its own trend Operating margin expanded 603 bps YoY 89% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 30% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-10.0% -1.3%
10.4 10.6 11.6 Operating profit
+42.9% -17.5%
1.7 2.1 1.2 OPM %
+603 bps -319 bps
16.3% 19.5% 10.3% Other income
-80.1% +14.8%
0.3 0.3 1.6 Net profit
-58.2% -42.4%
0.4 0.7 0.9 PAT margin %
-421 bps -260 bps
3.6% 6.2% 7.9% EPS (₹)
-58.1% -43.5%
0.13 0.23 0.31
Quality of profit
Pre-tax profit ₹0.3 Cr: core business ₹0.0 Cr, other income ₹0.3 Cr.
Core profit YoY: from loss
· reported profit -58.2%
Cash & debt
FY26 cash from operations ₹0.4 Cr:
30% of FY26 net profit of ₹1.4 Cr.
Borrowings ₹12.4 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹13.3 ₹10.4
-21.3% below Net profit ₹0.9 ₹0.4
-58.2% below
Turnaround: profit against a loss a year ago Operating margin expanded 2983 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
+22.6% +68.7%
28.7 17.0 23.4 Operating profit
from loss from loss 3.1 -2.5 -4.5 OPM %
+2983 bps +2515 bps
10.7% -14.4% -19.1% Other income
+200.0% +135.7%
0.7 0.3 0.2 Net profit
from loss from loss 2.2 -3.9 -6.0 PAT margin %
+3312 bps +3028 bps
7.7% -22.6% -25.4% EPS (₹)
from loss from loss 1.73 -3.01 -4.66
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹1.6 Cr, other income ₹0.7 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹6.4 Cr.
Borrowings ₹31.8 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹24.4 ₹28.7
+17.9% above
Turnaround: profit against a loss a year ago Operating margin expanded 2351 bps YoY 48% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-36.0% +31.9%
10.7 8.1 16.8 Operating profit
from loss from loss 2.1 -1.2 -0.6 OPM %
+2351 bps +3500 bps
19.9% -15.1% -3.6% Other income
-49.5% -13.6%
0.5 0.6 1.0 Net profit?
from loss from loss 0.8 -2.1 -0.6 PAT margin %
+1093 bps +3360 bps
7.6% -26.0% -3.3% EPS (₹)
from loss from loss 0.57 -1.48 -0.38
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.5 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹3.5 Cr.
Borrowings ₹3.6 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹19.8 ₹10.7
-45.8% below
M Cap ₹23.0 Cr
P/E 7.5
PEG —
Profit +100% above its own trend 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
+73.1% +93.3%
116 60.0 67.0 Operating profit
+0.0% +0.0%
1.0 1.0 1.0 OPM %
-63 bps -80 bps
0.9% 1.7% 1.5% Other income
+0.0% +0.0%
2.0 2.0 2.0 Net profit
+0.0% +100.0%
2.0 1.0 2.0 PAT margin %
-126 bps +6 bps
1.7% 1.7% 3.0% EPS (₹)
-4.4% +84.7%
1.09 0.59 1.14
Quality of profit
Pre-tax profit ₹2.0 Cr: core business ₹1.0 Cr, other income ₹2.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +0.0%
· reported profit +0.0%
Cash & debt
FY26 cash from operations −₹23.0 Cr.
Borrowings ₹18.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.5 ₹116
+246.3% above Net profit ₹1.0 ₹2.0
+100.0% above
M Cap ₹22.0 Cr
P/E 6.2
PEG 0.31
Profit +120% above its own trend Operating margin expanded 144 bps YoY 30% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 31% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+38.4% +13.9%
25.4 22.3 18.4 Operating profit
+103.6% -6.6%
1.1 1.2 0.6 OPM %
+144 bps -98 bps
4.5% 5.5% 3.1% Other income
+72.0% from loss 0.4 -0.3 0.2 Net profit?
+147.6% +89.1%
1.0 0.6 0.4 PAT margin %
+181 bps +163 bps
4.1% 2.5% 2.3% EPS (₹)
+148.3% +88.8%
3.55 1.88 1.43
Quality of profit
Pre-tax profit ₹1.4 Cr: core business ₹1.0 Cr, other income ₹0.4 Cr.
Core profit YoY: +164.9%
· reported profit +147.6%
Cash & debt
FY26 cash from operations ₹1.1 Cr:
31% of FY26 net profit of ₹3.5 Cr.
Borrowings ₹5.2 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹20.7 ₹25.4
+22.4% above Net profit ₹0.5 ₹1.0
+120.5% above
Profit -89% below its own trend Operating margin expanded 1074 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
+45.8% +21.9%
38.4 31.5 26.4 Operating profit
from loss -38.2%
1.6 2.7 -1.7 OPM %
+1074 bps -417 bps
4.3% 8.5% -6.4% Other income
-89.6% from loss 1.4 -2.3 13.6 Net profit?
-78.6% from loss 1.6 -0.8 7.2 PAT margin %
-2339 bps +644 bps
4.0% -2.4% 27.4% EPS (₹)
-78.6% from loss 1.46 -0.72 6.81
Quality of profit
Pre-tax profit ₹1.4 Cr: core business −₹0.0 Cr, other income ₹1.4 Cr.
Core profit YoY: loss narrowed
· reported profit -78.6%
Cash & debt
FY26 cash from operations ₹9.0 Cr.
Borrowings ₹77.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹19.3 ₹38.4
+98.9% above Net profit ₹14.5 ₹1.6
-89.3% below
31% of pre-tax profit came from other income and one-off items
₹ Cr vs prev. half
Mar 2026 Sep 2025
Sales
+8.3%
36.8 34.0 Operating profit
+175.5%
6.8 2.5 OPM %
+1113 bps
18.3% 7.2% Other income
—
2.5 0.0 Net profit?
+895.5%
6.6 0.7 PAT margin %
+1590 bps
17.8% 1.9% EPS (₹)
+885.0%
3.94 0.40
Quality of profit
Pre-tax profit ₹8.1 Cr: core business ₹5.5 Cr, other income ₹2.5 Cr.
Cash & debt
FY26 cash from operations −₹0.1 Cr.
Borrowings ₹17.5 Cr at Mar 2026.
M Cap ₹18.0 Cr
P/E 12.3
PEG —
54% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +92%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-11.2% -5.3%
12.4 13.1 14.0 Operating profit
-6.5% -9.4%
2.3 2.5 2.5 OPM %
+93 bps -84 bps
18.5% 19.4% 17.6% Other income
-76.2% -75.2%
0.3 1.2 1.2 Net profit
-92.0% -95.1%
0.1 1.4 0.9 PAT margin %
-573 bps -1034 bps
0.6% 10.9% 6.3% EPS (₹)
-92.1% -95.1%
0.05 1.03 0.63
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.2 Cr, other income ₹0.3 Cr.
Core profit YoY: +92.3%
· reported profit -92.0%
Cash & debt
FY26 cash from operations ₹1.7 Cr.
Borrowings ₹11.2 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹16.6 ₹12.4
-25.4% below
M Cap ₹17.0 Cr
P/E 34.4
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 3877 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
+0.4% +5.1%
14.2 13.5 14.1 Operating profit
from loss from loss 3.5 -0.5 -1.9 OPM %
+3877 bps +2852 bps
25.0% -3.5% -13.7% Other income
-12.4% +1.3%
3.9 3.9 4.5 Net profit?
from loss from loss 2.6 -2.2 -4.0 PAT margin %
+4673 bps +3463 bps
18.6% -16.0% -28.1% EPS (₹)
from loss from loss 1.21 -0.92 -1.61
Quality of profit
Pre-tax profit ₹2.6 Cr: core business −₹1.3 Cr, other income ₹3.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹24.9 Cr.
Borrowings ₹76.2 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹10.0 ₹14.2
+42.4% above
M Cap ₹16.0 Cr
P/E 10.8
PEG —
Operating margin contracted 453 bps YoY 72% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -35%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-11.0% +12.7%
0.9 0.8 1.0 Operating profit
-25.9% -4.8%
0.2 0.2 0.3 OPM %
-453 bps -411 bps
22.5% 26.6% 27.0% Other income
+35.7% +2.7%
0.4 0.4 0.3 Net profit
+30.0% -2.5%
0.4 0.4 0.3 PAT margin %
+1382 bps -681 bps
43.8% 50.6% 30.0% EPS (₹)
+30.0% -2.5%
6.50 6.67 5.00
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.1 Cr, other income ₹0.4 Cr.
Core profit YoY: -34.8%
· reported profit +30.0%
Cash & debt
FY26 cash from operations −₹1.4 Cr:
-87% of FY26 net profit of ₹1.6 Cr.
Borrowings ₹4.6 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1.0 ₹0.9
-13.4% below Net profit ₹0.4 ₹0.4
-2.2% in line
M Cap ₹16.0 Cr
P/E 16.6
PEG —
Operating margin contracted 210 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
+0.8% -3.5%
47.5 49.3 47.1 Operating profit
loss widened to loss -2.3 1.7 -1.3 OPM %
-210 bps -841 bps
-4.9% 3.5% -2.8% Other income
+67.0% —
3.6 0.1 2.2 Net profit?
loss narrowed to loss -0.1 1.0 -0.2 PAT margin %
+36 bps -224 bps
-0.2% 2.1% -0.5% EPS (₹)
loss narrowed to loss -0.04 0.53 -0.13
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹3.3 Cr, other income ₹3.6 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations −₹0.7 Cr.
Borrowings ₹13.4 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹74.6 ₹47.5
-36.3% below
M Cap ₹14.0 Cr
P/E 14.3
PEG 0.20
Profit +77% above 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
-13.3% +99.1%
41.0 20.6 47.2 Operating profit
-17.6% -35.7%
1.2 1.8 1.4 OPM %
-15 bps -599 bps
2.9% 8.8% 3.0% Other income
+125.8% +893.3%
1.5 0.1 0.7 Net profit
+22.7% +326.3%
0.8 0.2 0.7 PAT margin %
+58 bps +105 bps
2.0% 0.9% 1.4% EPS (₹)
+11.5% +314.3%
0.58 0.14 0.52
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹0.6 Cr, other income ₹1.5 Cr.
Core profit YoY: to loss
· reported profit +22.7%
Cash & debt
FY26 cash from operations ₹8.8 Cr.
Borrowings ₹3.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹30.2 ₹41.0
+35.4% above Net profit ₹0.5 ₹0.8
+77.3% above
M Cap ₹14.0 Cr
P/E 7.1
PEG —
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
+21.6% -4.3%
90.0 94.0 74.0 Operating profit
+33.3% +0.0%
4.0 4.0 3.0 OPM %
+39 bps +19 bps
4.4% 4.3% 4.1% Other income
— —
1.0 0.0 0.0 Net profit
+0.0% +0.0%
1.0 1.0 1.0 PAT margin %
-24 bps +5 bps
1.1% 1.1% 1.4% EPS (₹)
+8.6% -21.6%
2.28 2.91 2.10
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.0 Cr, other income ₹1.0 Cr.
Core profit YoY: -100.0%
· reported profit +0.0%
Cash & debt
FY26 cash from operations ₹2.0 Cr.
Borrowings ₹66.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹82.7 ₹90.0
+8.9% above Net profit ₹1.0 ₹1.0
+0.0% in line
M Cap ₹14.0 Cr
P/E 473.1
PEG —
Profit +20% above its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.1 -0.1 Other income
+0.0% +0.0%
0.1 0.1 0.1 Net profit
+20.0% +100.0%
0.1 0.0 0.1 EPS (₹)
+0.0% +100.0%
0.02 0.01 0.02
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit +20.0%
Cash & debt
FY26 cash from operations ₹5.3 Cr:
10520% of FY26 net profit of ₹0.1 Cr.
Borrowings ₹10.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.1 ₹0.1
+20.0% 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
