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
Latest Q4 FY26 results 5115
Page 25 of 171
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M Cap ₹7,409 Cr
P/E 33.7
PEG 0.50
Profit -15% below its own trend 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+23.4% +3.2%
1,864 1,806 1,510 Operating profit
+24.3% +6.5%
169 159 136 OPM %
+6 bps +28 bps
9.1% 8.8% 9.0% Other income
+31.2% +15.1%
21.0 18.2 16.0 Net profit?
+25.5% +10.7%
64.0 57.8 51.0 PAT margin %
+6 bps +23 bps
3.4% 3.2% 3.4% EPS (₹)
+24.2% +10.6%
5.33 4.82 4.29
Quality of profit
Pre-tax profit ₹80.0 Cr: core business ₹60.0 Cr, other income ₹21.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +33.3%
· reported profit +25.5%
Cash & debt
FY26 cash from operations ₹496 Cr:
226% of FY26 net profit of ₹220 Cr.
Borrowings ₹1,424 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,587 ₹1,864
+17.5% above Net profit ₹75.3 ₹64.0
-15.0% below
M Cap ₹7,391 Cr
P/E 23.8
PEG —
Turnaround: profit against a loss a year ago
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— +5.1%
4,521 4,301 370 Operating profit
+83.3% +39.1%
697 501 380 OPM %
— +376 bps
15.4% 11.6% — Other income
+84.5% -8.7%
46.1 50.5 25.0 Net profit?
from loss +319.0%
158 37.7 -26.6 PAT margin %
+1068 bps +262 bps
3.5% 0.9% -7.2% EPS (₹)
from loss +802.5%
3.61 0.40 -4.09
Quality of profit
Pre-tax profit ₹256 Cr: core business ₹210 Cr, other income ₹46.1 Cr.
Core profit YoY: from loss
Cash & debt
Borrowings ₹9,824 Cr at Dec 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹401 ₹4,521
+999.0% above
M Cap ₹7,379 Cr
P/E 109.9
PEG 5.49
Profit +49% above its own trend Operating margin expanded 326 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+37.2% +4.1%
126 121 91.7 Operating profit
+59.0% +5.9%
30.0 28.4 18.9 OPM %
+326 bps +41 bps
23.9% 23.5% 20.6% Other income
+408.1% +174.0%
0.6 0.2 0.1 Net profit?
+57.0% +6.9%
17.6 16.5 11.2 PAT margin %
+176 bps +37 bps
14.0% 13.6% 12.2% EPS (₹)
+56.3% +6.3%
1.36 1.28 0.87
Quality of profit
Pre-tax profit ₹22.6 Cr: core business ₹22.0 Cr, other income ₹0.6 Cr.
Core profit YoY: +48.3%
· reported profit +57.0%
Cash & debt
FY26 cash from operations ₹66.0 Cr:
119% of FY26 net profit of ₹55.4 Cr.
Borrowings ₹9.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹108 ₹126
+17.0% above Net profit ₹11.8 ₹17.6
+49.5% above
M Cap ₹7,365 Cr
P/E 39.6
PEG 7.92
Profit +28% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.1% +12.4%
751 668 695 Operating profit
+10.7% +79.7%
124 69.0 112 OPM %
+40 bps +618 bps
16.5% 10.3% 16.1% Other income
+50.0% +9.1%
12.0 11.0 8.0 Net profit
+21.4% +151.9%
68.0 27.0 56.0 PAT margin %
+100 bps +501 bps
9.1% 4.0% 8.1% EPS (₹)
+20.4% +154.2%
2.72 1.07 2.26
Quality of profit
Pre-tax profit ₹91.0 Cr: core business ₹79.0 Cr, other income ₹12.0 Cr.
Core profit YoY: +16.2%
· reported profit +21.4%
Cash & debt
FY26 cash from operations ₹348 Cr:
193% of FY26 net profit of ₹180 Cr.
Borrowings ₹233 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹645 ₹751
+16.4% above Net profit ₹52.9 ₹68.0
+28.4% above
M Cap ₹7,347 Cr
P/E 47.6
PEG 3.97
Profit -19% below its own trend Gross NPA down 285 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+7.2% +4.2%
74.0 71.0 69.0 Net interest income
+13.6% +8.7%
50.0 46.0 44.0 Other income
-100.0% -100.0%
0.0 1.0 1.0 Net profit
+6.7% +0.0%
32.0 32.0 30.0 EPS (₹)
+6.2% +0.0%
0.69 0.69 0.65 Gross NPA %
-285 bps -1 bps
0.4% 0.4% 3.2%
Against its own trend ?
Trend Actual Gap
NII ₹54.5 ₹50.0
-8.3% below Net profit ₹39.5 ₹32.0
-18.9% below
M Cap ₹7,337 Cr
P/E 17.6
PEG 1.76
Operating margin contracted 873 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+31.2% +1.6%
252 248 192 Operating profit
+10.6% -6.3%
118 126 107 OPM %
-873 bps -400 bps
46.8% 50.8% 55.6% Other income
+7.4% -20.8%
21.0 26.5 19.5 Net profit
+4.9% -11.1%
93.0 105 88.6 PAT margin %
-925 bps -530 bps
36.9% 42.2% 46.2% EPS (₹)
+5.0% -11.0%
13.21 14.85 12.58
Quality of profit
Pre-tax profit ₹116 Cr: core business ₹96.0 Cr, other income ₹21.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +4.0%
· reported profit +4.9%
Cash & debt
FY26 cash from operations ₹388 Cr:
94% of FY26 net profit of ₹413 Cr.
Borrowings ₹272 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹235 ₹252
+7.4% above Net profit ₹91.4 ₹93.0
+1.8% in line
₹ Cr
Mar 2026
Sales
154 Operating profit
37.0 OPM %
24.0% Other income
1.0 Net profit?
18.0 PAT margin %
11.7% EPS (₹)
0.28
Dec 2025 and Mar 2025 are not on record for this company, so there is nothing to compare with yet.
Quality of profit
Pre-tax profit ₹26.0 Cr: core business ₹26.0 Cr, other income ₹1.0 Cr, exceptional & other items −₹1.0 Cr.
M Cap ₹7,139 Cr
P/E 46.1
PEG —
Profit +114% above its own trend Operating margin contracted 174 bps YoY 32% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +0%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+33.0% -35.5%
395 612 297 Operating profit
+13.9% -37.9%
41.0 66.0 36.0 OPM %
-174 bps -40 bps
10.4% 10.8% 12.1% Other income
+50.0% +200.0%
9.0 3.0 6.0 Net profit
+328.6% +87.5%
60.0 32.0 14.0 PAT margin %
+1048 bps +996 bps
15.2% 5.2% 4.7% EPS (₹)
+318.4% +88.4%
6.82 3.62 1.63
Quality of profit
Pre-tax profit ₹31.0 Cr: core business ₹21.0 Cr, other income ₹9.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +0.0%
· reported profit +328.6%
Cash & debt
FY26 cash from operations −₹127 Cr:
-85% of FY26 net profit of ₹150 Cr.
Borrowings ₹856 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹594 ₹395
-33.5% below Net profit ₹28.0 ₹60.0
+114.3% above
M Cap ₹7,136 Cr
P/E 108.9
PEG 6.81
Operating margin contracted 371 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
+8.0% +12.8%
485 430 449 Operating profit
-69.8% -76.9%
7.0 30.2 23.2 OPM %
-371 bps -559 bps
1.4% 7.0% 5.2% Other income
+232.0% —
32.0 2.6 9.6 Net profit?
-2.0% +79.9%
22.0 12.2 22.5 PAT margin %
-46 bps +169 bps
4.5% 2.8% 5.0% EPS (₹)
-3.1% +82.0%
2.53 1.39 2.61
Quality of profit
Pre-tax profit ₹28.0 Cr: core business −₹5.0 Cr, other income ₹32.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: to loss
· reported profit -2.0%
Cash & debt
FY26 cash from operations −₹12.0 Cr:
-18% of FY26 net profit of ₹65.5 Cr.
Borrowings ₹373 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹403 ₹485
+20.2% above Net profit ₹24.0 ₹22.0
-8.1% in line
M Cap ₹7,135 Cr
P/E 50.2
PEG 2.18
Profit +95% above its own trend Operating margin expanded 651 bps YoY 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+29.8% +17.8%
257 218 198 Operating profit
+109.5% +26.5%
44.0 34.8 21.0 OPM %
+651 bps +118 bps
17.1% 15.9% 10.6% Other income
-8.3% -40.4%
11.0 18.5 12.0 Net profit?
+117.6% +49.3%
37.0 24.8 17.0 PAT margin %
+581 bps +304 bps
14.4% 11.4% 8.6% EPS (₹)
+128.6% +52.7%
3.36 2.20 1.47
Quality of profit
Pre-tax profit ₹45.0 Cr: core business ₹33.0 Cr, other income ₹11.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
· reported profit +117.6%
Cash & debt
FY26 cash from operations ₹139 Cr:
103% of FY26 net profit of ₹135 Cr.
Borrowings ₹22.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹213 ₹257
+20.4% above Net profit ₹19.0 ₹37.0
+95.1% above
M Cap ₹7,121 Cr
P/E 26.3
PEG 0.28
Into loss: a profit a year ago Profit -151% below its own trend Operating margin contracted 2624 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-7.3% -11.2%
2,025 2,280 2,184 Operating profit
to loss to loss -255 256 298 OPM %
-2624 bps -2382 bps
-12.6% 11.2% 13.6% Other income
+111.1% +744.4%
76.0 9.0 36.0 Net profit?
to loss to loss -104 155 188 PAT margin %
-1374 bps -1193 bps
-5.1% 6.8% 8.6% EPS (₹)
to loss to loss -1.08 1.62 1.96
Quality of profit
Pre-tax profit −₹241 Cr: core business −₹317 Cr, other income ₹76.0 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹708 Cr:
262% of FY26 net profit of ₹271 Cr.
Borrowings ₹265 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,174 ₹2,025
-6.8% below Net profit ₹203 −₹104
-151.2% below
M Cap ₹7,101 Cr
P/E 34.4
PEG —
Profit +124% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+15.0% -1.4%
1,913 1,940 1,664 Operating profit
+20.6% +8.5%
129 119 107 OPM %
+31 bps +61 bps
6.7% 6.1% 6.4% Other income
+200.0% +58.3%
6.0 3.8 2.0 Net profit
+48.1% +34.9%
40.0 29.7 27.0 PAT margin %
+47 bps +56 bps
2.1% 1.5% 1.6% EPS (₹)
+49.3% +33.8%
1.03 0.77 0.69
Quality of profit
Pre-tax profit ₹53.0 Cr: core business ₹48.0 Cr, other income ₹6.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +33.3%
· reported profit +48.1%
Cash & debt
FY26 cash from operations ₹443 Cr:
412% of FY26 net profit of ₹107 Cr.
Borrowings ₹1,997 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,764 ₹1,913
+8.4% above Net profit ₹17.9 ₹40.0
+123.9% above
M Cap ₹7,101 Cr
P/E 35.8
PEG 1.09
Profit +36% above its own trend Operating margin contracted 133 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+50.5% +34.2%
277 206 184 Operating profit
+45.0% +36.0%
98.0 72.1 67.6 OPM %
-133 bps +46 bps
35.4% 34.9% 36.7% Other income
+0.8% +14.9%
3.0 2.6 3.0 Net profit
+46.9% +49.0%
74.0 49.7 50.4 PAT margin %
-65 bps +265 bps
26.7% 24.1% 27.4% EPS (₹)
+46.6% +49.4%
9.22 6.17 6.29
Quality of profit
Pre-tax profit ₹92.0 Cr: core business ₹90.0 Cr, other income ₹3.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +47.3%
· reported profit +46.9%
Cash & debt
Borrowings ₹5.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹210 ₹277
+32.2% above Net profit ₹54.3 ₹74.0
+36.3% above
M Cap ₹7,076 Cr
P/E 37.3
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 129 bps YoY 28% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+12.2% -9.0%
729 801 650 Operating profit
+30.5% -6.8%
67.0 71.9 51.4 OPM %
+129 bps +22 bps
9.2% 9.0% 7.9% Other income
-3.4% -7.0%
16.0 17.2 16.6 Net profit?
from loss +13.3%
36.0 31.8 -42.4 PAT margin %
+1146 bps +97 bps
4.9% 4.0% -6.5% EPS (₹)
from loss +12.1%
2.69 2.40 -2.97
Quality of profit
Pre-tax profit ₹57.0 Cr: core business ₹41.0 Cr, other income ₹16.0 Cr.
Core profit YoY: +42.3%
Cash & debt
FY26 cash from operations ₹210 Cr:
134% of FY26 net profit of ₹157 Cr.
Borrowings ₹174 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹697 ₹729
+4.6% in line
M Cap ₹7,067 Cr
P/E 13.3
PEG 3.32
Profit +23% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+15.0% +5.0%
1,178 1,121 1,024 Operating profit
+17.3% +0.7%
192 191 163 OPM %
+33 bps -71 bps
16.3% 17.0% 16.0% Other income
-23.8% +4.7%
8.4 8.0 11.0 Net profit?
+14.5% +2.2%
134 131 117 PAT margin %
-5 bps -31 bps
11.4% 11.7% 11.5% EPS (₹)
+16.5% +2.3%
10.18 9.95 8.74
Quality of profit
Pre-tax profit ₹167 Cr: core business ₹158 Cr, other income ₹8.4 Cr.
Core profit YoY: +17.3%
· reported profit +14.5%
Cash & debt
FY26 cash from operations ₹574 Cr:
113% of FY26 net profit of ₹509 Cr.
Borrowings ₹53.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,084 ₹1,178
+8.6% above Net profit ₹109 ₹134
+23.0% above
M Cap ₹7,025 Cr
P/E 41.9
PEG 0.32
Core business grew faster than reported profit (core profit +74%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+42.6% +11.9%
1,910 1,707 1,339 Operating profit
+75.5% +26.5%
86.0 68.0 49.0 OPM %
+84 bps +52 bps
4.5% 4.0% 3.7% Other income
-42.9% from loss 4.0 -4.0 7.0 Net profit?
+45.2% +32.4%
45.0 34.0 31.0 PAT margin %
+4 bps +36 bps
2.4% 2.0% 2.3% EPS (₹)
+9.2% +1.4%
6.44 6.35 5.90
Quality of profit
Pre-tax profit ₹58.0 Cr: core business ₹54.0 Cr, other income ₹4.0 Cr.
Core profit YoY: +74.2%
· reported profit +45.2%
Cash & debt
FY26 cash from operations ₹96.0 Cr:
66% of FY26 net profit of ₹146 Cr.
Borrowings ₹677 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,698 ₹1,910
+12.5% above Net profit ₹44.5 ₹45.0
+1.2% in line
M Cap ₹6,986 Cr
P/E 44.0
PEG 1.52
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.5% +7.0%
1,117 1,044 959 Operating profit
+28.2% +5.3%
100 95.0 78.0 OPM %
+82 bps -15 bps
9.0% 9.1% 8.1% Other income
+0.0% from loss 3.0 -2.0 3.0 Net profit?
+31.2% +7.7%
42.0 39.0 32.0 PAT margin %
+42 bps +2 bps
3.8% 3.7% 3.3% EPS (₹)
+29.4% +7.4%
3.48 3.24 2.69
Quality of profit
Pre-tax profit ₹57.0 Cr: core business ₹54.0 Cr, other income ₹3.0 Cr.
Core profit YoY: +42.1%
· reported profit +31.2%
Cash & debt
FY26 cash from operations ₹100 Cr:
68% of FY26 net profit of ₹148 Cr.
Borrowings ₹1,088 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,133 ₹1,117
-1.4% in line Net profit ₹43.8 ₹42.0
-4.1% in line
M Cap ₹6,980 Cr
P/E 33.3
PEG —
Into loss: a profit a year ago Profit -112% below its own trend Operating margin contracted 1785 bps YoY 63% of pre-tax profit came from other income and one-off items Exceptional items of ₹7.3 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-51.0% +3.1%
595 577 1,213 Operating profit
-88.3% -59.6%
33.3 82.4 285 OPM %
-1785 bps -869 bps
5.6% 14.3% 23.5% Other income
+181.0% +20.8%
36.8 30.4 13.1 Net profit?
to loss to loss -19.8 62.0 203 PAT margin %
-2008 bps -1408 bps
-3.3% 10.8% 16.8% EPS (₹)
to loss to loss -4.00 12.50 41.10
Quality of profit
Pre-tax profit ₹46.6 Cr: core business ₹17.2 Cr, other income ₹36.8 Cr, exceptional & other items −₹7.4 Cr.
Core profit YoY: -93.4%
Cash & debt
FY26 cash from operations ₹363 Cr:
136% of FY26 net profit of ₹266 Cr.
Borrowings ₹3.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹890 ₹595
-33.2% below Net profit ₹171 −₹19.8
-111.5% below
M Cap ₹6,930 Cr
P/E 65.1
PEG 3.83
Operating margin contracted 239 bps YoY 38% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+33.1% -11.7%
414 469 311 Operating profit
+11.6% -15.8%
51.3 61.0 46.0 OPM %
-239 bps -60 bps
12.4% 13.0% 14.8% Other income
+93.5% -17.1%
11.6 14.0 6.0 Net profit?
-1.0% -26.6%
22.8 31.0 23.0 PAT margin %
-190 bps -111 bps
5.5% 6.6% 7.4% EPS (₹)
-3.4% -27.9%
8.20 11.37 8.49
Quality of profit
Pre-tax profit ₹30.9 Cr: core business ₹19.3 Cr, other income ₹11.6 Cr.
Core profit YoY: -19.6%
· reported profit -1.0%
Cash & debt
FY26 cash from operations ₹90.0 Cr:
93% of FY26 net profit of ₹96.8 Cr.
Borrowings ₹322 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹394 ₹414
+5.1% above Net profit ₹24.9 ₹22.8
-8.5% in line
M Cap ₹6,922 Cr
P/E 53.1
PEG —
Operating margin contracted 139 bps YoY Profit grew faster than the core business (core profit +46%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+100.4% +24.5%
1,018 818 508 Operating profit
+60.0% +13.4%
56.0 49.4 35.0 OPM %
-139 bps -54 bps
5.5% 6.0% 6.9% Other income
+350.0% +92.0%
9.0 4.7 2.0 Net profit
+94.4% +50.0%
35.0 23.3 18.0 PAT margin %
-11 bps +59 bps
3.4% 2.9% 3.5% EPS (₹)
+56.9% +27.5%
5.10 4.00 3.25
Quality of profit
Pre-tax profit ₹45.0 Cr: core business ₹35.0 Cr, other income ₹9.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +45.8%
· reported profit +94.4%
M Cap ₹6,866 Cr
P/E 20.7
PEG —
Profit +162% above its own trend Operating margin expanded 109 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+17.2% +14.5%
1,966 1,717 1,677 Operating profit
+27.1% +57.4%
277 176 218 OPM %
+109 bps +384 bps
14.1% 10.3% 13.0% Other income
-100.0% -100.0%
0.0 3.0 12.0 Net profit?
+34.3% +226.9%
90.0 27.5 67.0 PAT margin %
+58 bps +297 bps
4.6% 1.6% 4.0% EPS (₹)
+26.8% +214.9%
5.07 1.61 4.00
Quality of profit
Pre-tax profit ₹117 Cr: core business ₹117 Cr, other income ₹0.0 Cr.
Core profit YoY: +42.7%
· reported profit +34.3%
Cash & debt
FY26 cash from operations ₹773 Cr:
275% of FY26 net profit of ₹281 Cr.
Borrowings ₹2,578 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,690 ₹1,966
+16.3% above Net profit ₹34.4 ₹90.0
+161.8% above
M Cap ₹6,860 Cr
P/E 24.1
PEG 1.61
Operating margin contracted 331 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.7% -3.1%
717 740 666 Operating profit
-13.5% -0.1%
97.0 97.1 112 OPM %
-331 bps +40 bps
13.5% 13.1% 16.8% Other income
+3.8% +19.4%
16.0 13.4 15.4 Net profit
-11.7% -16.0%
68.0 81.0 77.0 PAT margin %
-208 bps -147 bps
9.5% 11.0% 11.6% EPS (₹)
-12.4% -16.7%
1.84 2.21 2.10
Quality of profit
Pre-tax profit ₹96.0 Cr: core business ₹80.0 Cr, other income ₹16.0 Cr.
Core profit YoY: -16.6%
· reported profit -11.7%
Cash & debt
FY26 cash from operations ₹412 Cr:
123% of FY26 net profit of ₹334 Cr.
Borrowings ₹52.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹674 ₹717
+6.4% above Net profit ₹72.4 ₹68.0
-6.0% in line
M Cap ₹6,858 Cr
P/E 14.8
PEG 3.70
Profit +19% above its own trend Operating margin expanded 310 bps YoY Exceptional items of ₹-31.6 Cr in the quarter Core business grew faster than reported profit (core profit +44%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-3.1% -17.7%
2,536 3,081 2,617 Operating profit
+42.3% +16.4%
246 212 173 OPM %
+310 bps +284 bps
9.7% 6.9% 6.6% Other income
-45.5% from loss 6.0 -20.0 11.0 Net profit?
+20.4% +25.0%
130 104 108 PAT margin %
+100 bps +175 bps
5.1% 3.4% 4.1% EPS (₹)
+21.4% +25.0%
4.65 3.72 3.83
Quality of profit
Pre-tax profit ₹170 Cr: core business ₹202 Cr, other income ₹6.0 Cr, exceptional & other items −₹37.6 Cr.
Core profit YoY: +44.1%
· reported profit +20.4%
Cash & debt
FY26 cash from operations ₹538 Cr:
116% of FY26 net profit of ₹463 Cr.
Borrowings ₹723 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,953 ₹2,536
-14.1% below Net profit ₹109 ₹130
+19.3% above
M Cap ₹6,856 Cr
P/E 13.6
PEG 0.28
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+24.8% +4.6%
408 390 327 Net interest income
+30.2% +6.2%
293 276 225 Other income
— —
0.0 0.0 0.0 Net profit?
+27.8% +11.3%
138 124 108 EPS (₹)
+26.2% +10.8%
12.65 11.42 10.02 Gross NPA %
+26 bps -29 bps
1.2% 1.5% 1.0% Net NPA %
+18 bps -23 bps
0.9% 1.2% 0.8%
Against its own trend ?
Trend Actual Gap
NII ₹294 ₹293
-0.2% in line Net profit ₹148 ₹138
-6.7% in line
M Cap ₹6,808 Cr
P/E 21.0
PEG —
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-11.9% +12.4%
472 420 536 Operating profit
-11.7% +58.9%
143 90.0 162 OPM %
+7 bps +887 bps
30.3% 21.4% 30.2% Other income
+33.3% +33.3%
4.0 3.0 3.0 Net profit
-14.2% +66.1%
103 62.0 120 PAT margin %
-57 bps +706 bps
21.8% 14.8% 22.4% EPS (₹)
-14.1% +66.3%
44.61 26.83 51.96
Quality of profit
Pre-tax profit ₹138 Cr: core business ₹134 Cr, other income ₹4.0 Cr.
Core profit YoY: -11.8%
· reported profit -14.2%
Against its own trend ?
Trend Actual Gap
Sales ₹486 ₹472
-2.9% in line Net profit ₹105 ₹103
-2.0% in line
M Cap ₹6,796 Cr
P/E 18.6
PEG 1.03
Profit -40% below its own trend Operating margin expanded 186 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.6% +33.4%
1,174 880 1,052 Operating profit
+19.9% +55.9%
315 202 263 OPM %
+186 bps +388 bps
26.8% 23.0% 25.0% Other income
-40.4% from loss 3.0 -1.0 5.0 Net profit?
+19.4% +98.6%
147 74.0 123 PAT margin %
+82 bps +411 bps
12.5% 8.4% 11.7% EPS (₹)
+20.0% +97.8%
3.66 1.85 3.05
Quality of profit
Pre-tax profit ₹207 Cr: core business ₹203 Cr, other income ₹3.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +22.0%
· reported profit +19.4%
Cash & debt
FY26 cash from operations ₹765 Cr:
196% of FY26 net profit of ₹390 Cr.
Borrowings ₹603 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,283 ₹1,174
-8.5% below Net profit ₹246 ₹147
-40.3% below
M Cap ₹6,776 Cr
P/E 8.6
PEG 0.54
Gross NPA down 54 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+8.1% +1.8%
2,119 2,082 1,961 Net interest income
+17.4% +4.8%
655 625 558 Other income
-3.2% -4.1%
212 221 219 Net profit
+16.4% +11.4%
206 185 177 EPS (₹)
+13.5% +11.3%
6.39 5.74 5.63 Gross NPA %
-54 bps -27 bps
2.5% 2.7% 3.0% Net NPA %
-23 bps -21 bps
0.9% 1.1% 1.1%
Against its own trend ?
Trend Actual Gap
NII ₹648 ₹655
+1.1% in line Net profit ₹211 ₹206
-2.4% in line
M Cap ₹6,752 Cr
P/E 32.0
PEG —
Profit +90% above its own trend Operating margin expanded 688 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+12.0% +19.2%
395 331 353 Operating profit
+57.6% +65.9%
94.0 56.7 59.7 OPM %
+688 bps +669 bps
23.8% 17.1% 16.9% Other income
-0.4% +60.2%
8.0 5.0 8.0 Net profit?
+60.7% +111.3%
65.0 30.8 40.4 PAT margin %
+499 bps +717 bps
16.5% 9.3% 11.5% EPS (₹)
+57.8% +105.6%
19.51 9.49 12.36
Quality of profit
Pre-tax profit ₹86.0 Cr: core business ₹78.0 Cr, other income ₹8.0 Cr.
Core profit YoY: +69.9%
· reported profit +60.7%
Cash & debt
FY26 cash from operations ₹184 Cr:
109% of FY26 net profit of ₹169 Cr.
Borrowings ₹133 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹337 ₹395
+17.1% above Net profit ₹34.2 ₹65.0
+90.3% above
M Cap ₹6,709 Cr
P/E 23.6
PEG —
Profit +12% above its own trend Operating margin contracted 110 bps YoY 48% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -46%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+17.4% +17.8%
2,048 1,739 1,744 Operating profit
+2.6% -19.5%
156 194 152 OPM %
-110 bps -352 bps
7.6% 11.1% 8.7% Other income
— +254.1%
63.0 17.8 2.6 Net profit?
+9.0% +0.7%
85.0 84.4 78.0 PAT margin %
-32 bps -71 bps
4.2% 4.9% 4.5% EPS (₹)
+3.0% +5.0%
9.96 9.49 9.67
Quality of profit
Pre-tax profit ₹131 Cr: core business ₹68.0 Cr, other income ₹63.0 Cr.
Core profit YoY: -46.5%
· reported profit +9.0%
Cash & debt
FY26 cash from operations ₹765 Cr:
269% of FY26 net profit of ₹284 Cr.
Borrowings ₹951 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,712 ₹2,048
+19.6% above Net profit ₹76.2 ₹85.0
+11.5% above
M Cap ₹6,698 Cr
P/E 31.7
PEG 0.83
Operating margin expanded 341 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+29.7% +6.6%
260 244 201 Operating profit
+47.0% +5.6%
75.0 71.0 51.0 OPM %
+341 bps -25 bps
28.8% 29.1% 25.4% Other income
+234.3% +50.0%
6.0 4.0 1.8 Net profit?
+45.3% +8.9%
49.0 45.0 33.7 PAT margin %
+202 bps +40 bps
18.8% 18.4% 16.8% EPS (₹)
+42.0% +8.5%
15.15 13.96 10.67
Quality of profit
Pre-tax profit ₹66.0 Cr: core business ₹60.0 Cr, other income ₹6.0 Cr.
Core profit YoY: +54.6%
· reported profit +45.3%
Cash & debt
FY26 cash from operations ₹224 Cr:
130% of FY26 net profit of ₹172 Cr.
Borrowings ₹23.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹237 ₹260
+9.5% above Net profit ₹45.8 ₹49.0
+6.9% in line
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
