Q4 FY26 quarterly results (January-March 2026)

5,115 companies have declared Q4 FY26 results so far, the latest on 12 Oct 2026.

Across the 4,645 non-financial companies with a year-ago quarter to compare, sales grew +12.4% and net profit +34.1% year on year, and the combined operating margin widened 10 bps to 14.3%.

For the 120 banks and lenders, net interest income grew +9.1% and net profit +11.1%.

55% of companies grew net profit; 472 turned a loss into a profit; 38% beat their own profit trend and 48% fell short of it.

Updated 14 Oct 2026, 00:15 IST 5115 declared
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

1375 matching results 1375

Page 28 of 46

Belding India Ltd

513307 · Q4 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales —— 0.00.00.0
Operating profit —from loss 0.2-0.70.0
Other income from loss— 5.30.3-0.1
Net profit? loss widenedloss widened -4.7-1.2-0.1
EPS (₹) —loss widened -3.21-0.84-1.44

No EPS growth against Mar 2025: consolidation in Oct 2025.

Quality of profit

Pre-tax profit ₹3.0 Cr: core business −₹2.4 Cr, other income ₹5.3 Cr.

Cash & debt

FY26 cash from operations ₹36.0 Cr.

Borrowings ₹38.4 Cr at Mar 2026.

Gujarat Toolroom Ltd

513337 · Q4 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +576% above its own trend
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -100.0%— 0.00.0120
Operating profit to lossloss widened -9.6-0.41.8
Other income —+76.2% 13.37.60.0
Net profit? +238.2%-31.4% 4.97.11.4
EPS (₹) +200.0%-40.0% 0.030.050.01

Quality of profit

Pre-tax profit ₹3.6 Cr: core business −₹9.7 Cr, other income ₹13.3 Cr.

Core profit YoY: to loss · reported profit +238.2%

Cash & debt

FY26 cash from operations ₹128 Cr: 595% of FY26 net profit of ₹21.5 Cr.

Borrowings ₹66.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹60.0₹0.0 -100.0% below
Net profit₹0.7₹4.9 +576.4% above

Krishanveer Forge Ltd

513369 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +178% above its own trend
  • Operating margin expanded 490 bps YoY
  • 55% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +107%)
  • FY26 operating cash flow was only 18% of profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +22.9%+19.8% 24.420.319.8
Operating profit +82.5%+35.7% 3.62.72.0
OPM % +490 bps+176 bps 15.0%13.2%10.1%
Other income +890.0%from loss 4.0-0.50.4
Net profit +296.6%+226.7% 5.81.81.4
PAT margin % +1630 bps+1496 bps 23.6%8.7%7.3%
EPS (₹) +295.5%+226.7% 5.261.611.33

Quality of profit

Core 45%Other income & one-offs 55%

Pre-tax profit ₹7.2 Cr: core business ₹3.2 Cr, other income ₹4.0 Cr.

Core profit YoY: +107.0% · reported profit +296.6%

Cash & debt

FY26 cash from operations ₹2.0 Cr: 18% of FY26 net profit of ₹11.4 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹19.7₹24.4 +23.7% above
Net profit₹2.1₹5.8 +178.4% above

Smiths & Founders (India) Ltd

513418 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +125% above its own trend
  • Operating margin contracted 1413 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +8.9%+4.1% 3.53.43.2
Operating profit to lossto loss -0.00.40.5
OPM % -1413 bps-1175 bps -0.3%11.5%13.8%
Other income —— 0.90.00.0
Net profit +67.6%+158.3% 0.60.20.4
PAT margin % +613 bps+1046 bps 17.5%7.1%11.4%
EPS (₹) +50.0%+200.0% 0.060.020.04

Quality of profit

Pre-tax profit ₹0.8 Cr: core business −₹0.1 Cr, other income ₹0.9 Cr.

Core profit YoY: to loss · reported profit +67.6%

Cash & debt

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3.4₹3.5 +4.2% in line
Net profit₹0.3₹0.6 +125.3% above

Bloom Industries Ltd

513422 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +916% 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
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -100.0%— 0.00.04.1
Operating profit to lossloss widened -0.2-0.20.2
Other income —+250.0% 1.10.30.0
Net profit +775.0%— 0.70.10.1
EPS (₹) +775.0%— 1.050.090.12

Quality of profit

Pre-tax profit ₹0.7 Cr: core business −₹0.4 Cr, other income ₹1.1 Cr.

Core profit YoY: to loss · reported profit +775.0%

Cash & debt

FY26 cash from operations −₹1.3 Cr: -111% of FY26 net profit of ₹1.1 Cr.

Borrowings ₹5.2 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5.6₹0.0 -100.0% below
Net profit₹0.1₹0.7 +916.1% above

Kanishk Steel Industries Ltd

513456 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 258 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +15.8%+18.6% 11496.398.6
Operating profit +191.1%+71.6% 4.92.91.7
OPM % +258 bps+132 bps 4.3%3.0%1.7%
Other income +64.1%-1.5% 0.60.70.4
Net profit from loss-42.9% 1.22.2-1.6
PAT margin % +273 bps-118 bps 1.1%2.3%-1.6%
EPS (₹) from loss-42.9% 0.440.77-0.57

Quality of profit

Pre-tax profit ₹0.5 Cr: core business −₹0.2 Cr, other income ₹0.6 Cr.

Core profit YoY: to loss

Cash & debt

FY26 cash from operations ₹6.0 Cr: 89% of FY26 net profit of ₹6.7 Cr.

Borrowings ₹28.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹104₹114 +10.0% above

Southern Magnesium & Chemicals Ltd

513498 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 2358 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +11.1%+55.2% 0.90.60.8
Operating profit loss narrowedloss narrowed -0.0-0.1-0.2
OPM % +2358 bps+1613 bps -1.1%-17.2%-24.7%
Other income +25.0%+66.7% 0.20.10.2
Net profit from lossfrom loss 0.1-0.0-0.1
PAT margin % +1531 bps+1356 bps 6.7%-6.9%-8.6%
EPS (₹) from lossfrom loss 0.20-0.13-0.23

Quality of profit

Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations −₹4.7 Cr: -3608% of FY26 net profit of ₹0.1 Cr.

Borrowings ₹4.7 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹0.4₹0.9 +122.2% above

Panchmahal Steel Ltd

513511 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 345 bps YoY
  • 58% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +16.2%+8.0% 10698.191.2
Operating profit —-14.7% 3.84.40.1
OPM % +345 bps-95 bps 3.5%4.5%0.1%
Other income -5.4%-20.9% 0.50.70.6
Net profit loss widenedto loss -2.11.2-2.0
PAT margin % +22 bps-325 bps -2.0%1.3%-2.2%
EPS (₹) loss widenedto loss -1.110.64-1.06

Quality of profit

Core 42%Other income & one-offs 58%

Pre-tax profit ₹0.9 Cr: core business ₹0.4 Cr, other income ₹0.5 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹29.0 Cr.

Borrowings ₹35.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹84.9₹106 +24.8% above

Glittek Granites Ltd

513528 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -100.0%-100.0% 0.00.10.3
Operating profit loss narrowedloss narrowed -0.0-1.7-4.1
Other income -99.0%-71.7% 0.31.131.2
Net profit -99.0%from loss 0.3-0.726.0
EPS (₹) -99.0%from loss 0.10-0.2510.03

Quality of profit

Pre-tax profit ₹0.3 Cr: core business −₹0.0 Cr, other income ₹0.3 Cr.

Core profit YoY: loss narrowed · reported profit -99.0%

Cash & debt

FY26 cash from operations ₹0.0 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹0.2₹0.0 -100.0% below

Gujarat Natural Resources Ltd

513536 · Q4 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 8600 bps YoY
  • 78% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +158.7%+53.0% 11.27.34.3
Operating profit from loss-36.3% 2.33.5-2.9
OPM % +8600 bps-2832 bps 20.2%48.5%-65.8%
Other income +9.5%+37.8% 2.82.02.5
Net profit? from loss-65.8% 1.13.1-1.6
PAT margin % +4610 bps-3256 bps 9.4%41.9%-36.7%
EPS (₹) from loss-65.0% 0.070.20-0.12

Quality of profit

Core 22%Other income & one-offs 78%

Pre-tax profit ₹3.5 Cr: core business ₹0.8 Cr, other income ₹2.8 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹66.9 Cr: 677% of FY26 net profit of ₹9.9 Cr.

Borrowings ₹13.3 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4.8₹11.2 +132.7% above

Nova Iron & Steel Ltd

513566 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Into loss: a profit a year ago
  • Operating margin expanded 1054 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +43.4%+23.7% 13611094.7
Operating profit from lossfrom loss 5.9-1.2-5.9
OPM % +1054 bps+549 bps 4.4%-1.1%-6.2%
Other income -97.7%+743.2% 3.70.4160
Net profit to lossloss narrowed -5.3-11.8158
PAT margin % —+678 bps -3.9%-10.7%—
EPS (₹) to lossloss narrowed -1.48-3.2643.69

Quality of profit

Pre-tax profit ₹0.7 Cr: core business −₹3.0 Cr, other income ₹3.7 Cr.

Core profit YoY: loss narrowed

Cash & debt

Borrowings ₹248 Cr at Mar 2025.

Against its own trend ?

TrendActualGap
Sales₹94.2₹136 +44.1% above

Sterling Powergensys Ltd

513575 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 8522 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales —+232.6% 17.15.10.8
Operating profit from lossfrom loss 1.5-0.1-0.6
OPM % +8522 bps+1170 bps 9.0%-2.7%-76.2%
Other income +47.4%— 0.60.00.4
Net profit from lossfrom loss 1.6-0.1-0.3
PAT margin % +4450 bps+1222 bps 9.5%-2.7%-35.0%
EPS (₹) from lossfrom loss 3.08-0.27-0.53

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹2.0 Cr: core business ₹1.4 Cr, other income ₹0.6 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations −₹0.1 Cr: -5% of FY26 net profit of ₹1.0 Cr.

Borrowings ₹2.2 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1.1₹17.1 +999.0% above

KIC Metaliks Ltd

513693 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 361 bps YoY
  • 32% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +38.0%+22.6% 247201179
Operating profit from loss+8.7% 7.67.0-1.0
OPM % +361 bps-39 bps 3.1%3.5%-0.5%
Other income -8.9%+323.5% 0.70.20.8
Net profit from loss+107.2% 1.40.7-4.4
PAT margin % +304 bps+24 bps 0.6%0.3%-2.5%
EPS (₹) from loss+110.5% 0.400.19-1.24

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹2.3 Cr: core business ₹1.5 Cr, other income ₹0.7 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹43.0 Cr: 4095% of FY26 net profit of ₹1.1 Cr.

Borrowings ₹103 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹146₹247 +69.5% above

Rajkamal Synthetics Ltd

514028 · Q4 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin contracted 1454 bps YoY
  • 71% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -88%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +311.3%+88.9% 5.12.71.2
Operating profit -78.9%-63.6% 0.00.10.2
OPM % -1454 bps-329 bps 0.8%4.1%15.3%
Other income —— 0.10.00.0
Net profit? -66.7%-50.0% 0.00.10.1
PAT margin % -889 bps-218 bps 0.8%3.0%9.7%
EPS (₹) -66.7%-50.0% 0.060.120.18

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.1 Cr.

Core profit YoY: -88.2% · reported profit -66.7%

Cash & debt

FY26 cash from operations −₹4.3 Cr: -1427% of FY26 net profit of ₹0.3 Cr.

Borrowings ₹0.2 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2.5₹5.1 +105.6% above

Deepak Spinners Ltd

514030 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 549 bps YoY
  • 40% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -0.6%-10.7% 121135122
Operating profit —-1.5% 6.76.80.1
OPM % +549 bps+52 bps 5.5%5.0%0.0%
Other income +117.6%+4.2% 1.51.40.7
Net profit from loss-12.1% 2.52.8-0.7
PAT margin % +258 bps-3 bps 2.0%2.1%-0.5%
EPS (₹) from loss-12.0% 3.443.91-0.90

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹3.7 Cr: core business ₹2.2 Cr, other income ₹1.5 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹19.0 Cr: 522% of FY26 net profit of ₹3.6 Cr.

Borrowings ₹30.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹127₹121 -4.7% in line

Ceeta Industries Ltd

514171 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 718 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -21.5%-41.1% 3.96.75.0
Operating profit +450.0%+50.0% 0.30.20.1
OPM % +718 bps+509 bps 8.4%3.3%1.2%
Other income -40.5%+8.7% 0.20.20.4
Net profit from loss+60.0% 0.20.1-0.1
PAT margin % +506 bps+257 bps 4.1%1.5%-1.0%
EPS (₹) from loss+57.1% 0.110.07-0.03

Quality of profit

Pre-tax profit ₹0.2 Cr: core business −₹0.0 Cr, other income ₹0.2 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations ₹1.4 Cr: 241% of FY26 net profit of ₹0.6 Cr.

Borrowings ₹4.5 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5.9₹3.9 -33.7% below

S & T Corporation Ltd

514197 · Q4 FY26 · Standalone
M Cap
—
P/E
—
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
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +476.9%-49.7% 0.81.50.1
Operating profit loss narrowedloss widened -0.1-0.0-0.4
OPM % —-465 bps -6.7%-2.0%—
Other income +20.0%+200.0% 0.10.00.1
Net profit from lossfrom loss 0.0-0.0-0.4
PAT margin % —+200 bps 1.3%-0.7%—
EPS (₹) loss narrowed— 0.000.00-0.12

Quality of profit

Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations −₹0.4 Cr: -2100% of FY26 net profit of ₹0.0 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹0.2₹0.8 +220.5% above

Kush Industries Ltd

514240 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales —— 0.00.00.0
Operating profit loss narrowedloss narrowed -0.0-0.0-0.0
Other income +150.0%+400.0% 0.10.00.0
Net profit from lossfrom loss 0.0-0.0-0.0
EPS (₹) from lossfrom loss 0.02-0.02-0.01

Quality of profit

Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations −₹0.2 Cr.

Borrowings ₹8.9 Cr at Mar 2026.

Sreechem Resins Ltd

514248 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 699 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +344%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -11.2%+16.1% 7.86.88.8
Operating profit +116.3%from loss 0.9-0.40.4
OPM % +699 bps+1794 bps 11.9%-6.1%4.9%
Other income +68.8%— 0.30.00.2
Net profit +94.4%from loss 1.1-0.60.5
PAT margin % +728 bps+2154 bps 13.4%-8.1%6.1%
EPS (₹) +93.8%from loss 2.50-1.311.29

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹1.0 Cr: core business ₹0.7 Cr, other income ₹0.3 Cr.

Core profit YoY: +343.8% · reported profit +94.4%

Cash & debt

FY26 cash from operations −₹0.2 Cr.

Borrowings ₹2.9 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹6.5₹7.8 +20.2% above

Surbhi Industries Ltd

514260 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +232% above its own trend
  • Operating margin expanded 1035 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -2.9%+15.3% 7.86.78.0
Operating profit +666.7%-21.4% 0.91.20.1
OPM % +1035 bps-553 bps 11.9%17.4%1.5%
Other income -22.3%+45.0% 0.90.61.1
Net profit +66.0%+700.0% 0.90.10.5
PAT margin % +471 bps+971 bps 11.3%1.6%6.6%
EPS (₹) +66.2%+700.0% 2.560.321.54

Quality of profit

Pre-tax profit ₹0.4 Cr: core business −₹0.5 Cr, other income ₹0.9 Cr.

Core profit YoY: loss narrowed · reported profit +66.0%

Cash & debt

FY26 cash from operations ₹4.9 Cr: 244% of FY26 net profit of ₹2.0 Cr.

Borrowings ₹23.4 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹8.4₹7.8 -7.8% below
Net profit₹0.3₹0.9 +232.1% above

Seasons Textiles Ltd

514264 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 777 bps YoY
  • 80% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -15.9%+24.2% 4.94.05.9
Operating profit +43.1%+24.0% 0.90.80.7
OPM % +777 bps-3 bps 18.9%18.9%11.1%
Other income -42.9%— 0.00.00.1
Net profit loss narrowedto loss -0.00.0-0.3
PAT margin % +397 bps-106 bps -0.8%0.3%-4.8%
EPS (₹) loss narrowedto loss -0.050.01-0.37

Quality of profit

Core 20%Other income & one-offs 80%

Pre-tax profit ₹0.1 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹4.2 Cr: 2494% of FY26 net profit of ₹0.2 Cr.

Borrowings ₹20.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4.5₹4.9 +9.7% above

Zenith Fibres Ltd

514266 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 466 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -22.0%+16.6% 11.39.714.5
Operating profit loss narrowedloss widened -0.4-0.1-1.1
OPM % +466 bps-265 bps -3.3%-0.6%-7.9%
Other income -14.5%-84.1% 0.63.70.7
Net profit loss narrowedto loss -0.02.6-0.5
PAT margin % +364 bps-2700 bps -0.1%26.9%-3.7%
EPS (₹) loss narrowedto loss -0.036.62-1.37

Quality of profit

Pre-tax profit ₹0.0 Cr: core business −₹0.6 Cr, other income ₹0.6 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations −₹1.7 Cr: -59% of FY26 net profit of ₹2.9 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹11.9₹11.3 -5.3% below

Bhilwara Spinners Ltd

514272 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin contracted 338 bps YoY
  • 30% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +348.2%+39.7% 34.624.77.7
Operating profit +252.5%-3.2% 4.34.41.2
OPM % -338 bps-551 bps 12.4%18.0%15.8%
Other income —— 0.90.10.0
Net profit from loss— 6.70.5-0.3
PAT margin % +2358 bps+1732 bps 19.3%2.0%-4.3%
EPS (₹) from loss— 7.370.54-0.36

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹3.1 Cr: core business ₹2.2 Cr, other income ₹0.9 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹3.7 Cr: 75% of FY26 net profit of ₹4.9 Cr.

Borrowings ₹104 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹15.4₹34.6 +124.1% above

Vippy Spinpro Ltd

514302 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +53% above its own trend
  • Operating margin expanded 407 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -1%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +26.6%+59.8% 88.755.570.0
Operating profit +100.6%+70.3% 9.85.84.9
OPM % +407 bps+68 bps 11.0%10.4%7.0%
Other income +60.9%— 1.40.00.9
Net profit +32.5%+84.7% 3.41.82.5
PAT margin % +17 bps+51 bps 3.8%3.3%3.6%
EPS (₹) +32.7%+84.6% 5.763.124.34

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹4.8 Cr: core business ₹3.4 Cr, other income ₹1.4 Cr.

Core profit YoY: -1.2% · reported profit +32.5%

Cash & debt

FY26 cash from operations −₹17.0 Cr: -142% of FY26 net profit of ₹12.0 Cr.

Borrowings ₹112 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹63.3₹88.7 +40.0% above
Net profit₹2.2₹3.4 +52.9% above

Neo Infracon Ltd

514332 · Q4 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Operating margin expanded 1134 bps YoY
  • 49% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -59.5%-16.9% 2.12.55.1
Operating profit -42.2%+56.0% 0.80.51.4
OPM % +1134 bps+1770 bps 37.9%20.2%26.5%
Other income +35.5%+90.9% 0.40.20.3
Net profit? -38.8%+163.3% 0.80.31.3
PAT margin % +1301 bps+2625 bps 38.3%12.1%25.3%
EPS (₹) -38.7%+161.4% 1.490.572.43

Quality of profit

Core 51%Other income & one-offs 49%

Pre-tax profit ₹0.9 Cr: core business ₹0.4 Cr, other income ₹0.4 Cr.

Core profit YoY: -56.0% · reported profit -38.8%

Cash & debt

FY26 cash from operations ₹1.3 Cr: 149% of FY26 net profit of ₹0.9 Cr.

Borrowings ₹15.8 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹8.6₹2.1 -76.1% below

Sarup Industries Ltd

514412 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -55% below its own trend
  • Operating margin contracted 1140 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -10.9%+22.6% 4.33.54.9
Operating profit -93.3%-90.7% 0.00.40.6
OPM % -1140 bps-1123 bps 0.9%12.1%12.3%
Other income —— 0.50.00.0
Net profit -37.2%+440.0% 0.30.10.4
PAT margin % -261 bps+481 bps 6.2%1.4%8.8%
EPS (₹) -37.1%+453.3% 0.830.151.32

Quality of profit

Pre-tax profit ₹0.1 Cr: core business −₹0.4 Cr, other income ₹0.5 Cr.

Core profit YoY: to loss · reported profit -37.2%

Cash & debt

FY26 cash from operations ₹1.1 Cr: 200% of FY26 net profit of ₹0.6 Cr.

Borrowings ₹37.2 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5.7₹4.3 -24.5% below
Net profit₹0.6₹0.3 -54.9% below

Hindustan Adhesives Ltd

514428 · Q4 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit -72% below its own trend
  • Operating margin contracted 447 bps YoY
  • 37% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -93%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -9.6%-13.8% 57.666.963.8
Operating profit -34.6%-34.9% 6.710.310.3
OPM % -447 bps-378 bps 11.7%15.5%16.2%
Other income -84.4%-84.4% 0.21.11.1
Net profit? -71.8%-79.4% 0.94.53.3
PAT margin % -356 bps-513 bps 1.6%6.7%5.2%
EPS (₹) -71.8%-79.3% 1.828.816.45

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹0.5 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.

Core profit YoY: -93.0% · reported profit -71.8%

Cash & debt

FY26 cash from operations ₹31.0 Cr: 208% of FY26 net profit of ₹14.9 Cr.

Borrowings ₹122 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹57.8₹57.6 -0.3% in line
Net profit₹3.4₹0.9 -72.5% below

Southern Latex Ltd

514454 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit +19% 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
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales —— 0.00.00.0
Operating profit loss narrowedloss widened -0.1-0.0-0.1
Other income +0.0%+500.0% 0.40.10.4
Net profit +19.0%— 0.20.00.2
EPS (₹) +17.2%— 0.340.030.29

Quality of profit

Pre-tax profit ₹0.3 Cr: core business −₹0.1 Cr, other income ₹0.4 Cr.

Core profit YoY: loss narrowed · reported profit +19.0%

Cash & debt

FY26 cash from operations −₹0.3 Cr: -121% of FY26 net profit of ₹0.3 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Net profit₹0.2₹0.2 +19.0% above

Haldyn Glass Ltd

515147 · Q4 FY26 · Consolidated
M Cap
—
P/E
—
PEG
—
  • Profit +38% above its own trend
  • Operating margin contracted 162 bps YoY
  • 37% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +144%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +29.5%-13.2% 10812583.6
Operating profit +16.6%-2.3% 15.916.313.7
OPM % -162 bps+164 bps 14.7%13.1%16.3%
Other income +10.5%+88.6% 3.51.83.1
Net profit? +62.4%+38.7% 7.35.34.5
PAT margin % +137 bps+253 bps 6.8%4.2%5.4%
EPS (₹) +61.9%+38.8% 1.360.980.84

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹9.4 Cr: core business ₹5.9 Cr, other income ₹3.5 Cr.

Core profit YoY: +144.0% · reported profit +62.4%

Cash & debt

FY26 cash from operations ₹62.0 Cr: 250% of FY26 net profit of ₹24.8 Cr.

Borrowings ₹116 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹95.2₹108 +13.7% above
Net profit₹5.3₹7.3 +37.7% above

RIR Power Electronics Ltd

517035 · Q4 FY26 · Standalone
M Cap
—
P/E
—
PEG
—
  • Profit -26% below its own trend
  • Operating margin contracted 431 bps YoY
  • 43% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -9.5%+18.2% 23.920.326.5
Operating profit -39.4%+143.0% 2.10.93.5
OPM % -431 bps+448 bps 8.7%4.2%13.0%
Other income +89.3%+152.4% 1.10.40.6
Net profit -45.5%+215.9% 1.40.42.5
PAT margin % -383 bps+363 bps 5.8%2.2%9.6%
EPS (₹) -48.5%+183.3% 0.170.060.33

Quality of profit

Core 57%Other income & one-offs 43%

Pre-tax profit ₹2.5 Cr: core business ₹1.4 Cr, other income ₹1.1 Cr.

Core profit YoY: -49.3% · reported profit -45.5%

Cash & debt

FY26 cash from operations −₹30.2 Cr: -449% of FY26 net profit of ₹6.7 Cr.

Borrowings ₹13.9 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹29.7₹23.9 -19.4% below
Net profit₹1.9₹1.4 -26.0% below

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.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI