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
Results calendar
Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26
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
Latest Q4 FY26 results 5115
Page 29 of 171
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M Cap ₹5,218 Cr
P/E 12.6
PEG —
Profit +15% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+21.7% +14.0%
1,224 1,074 1,006 Operating profit
+34.8% +60.8%
65.0 40.4 48.2 OPM %
+52 bps +155 bps
5.3% 3.8% 4.8% Other income
+150.7% -21.1%
15.4 19.5 6.2 Net profit?
+62.0% +24.8%
47.3 37.9 29.2 PAT margin %
+96 bps +33 bps
3.9% 3.5% 2.9% EPS (₹)
+62.2% +25.0%
6.91 5.53 4.26
Quality of profit
Pre-tax profit ₹68.0 Cr: core business ₹52.6 Cr, other income ₹15.4 Cr.
Core profit YoY: +45.1%
· reported profit +62.0%
Against its own trend ?
Trend Actual Gap
Sales ₹1,091 ₹1,224
+12.1% above Net profit ₹41.0 ₹47.3
+15.4% above
M Cap ₹5,209 Cr
P/E 14.6
PEG —
Operating margin contracted 266 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+21.7% +31.4%
1,453 1,106 1,194 Operating profit
+4.5% +14.2%
234 205 224 OPM %
-266 bps -242 bps
16.1% 18.5% 18.8% Other income
+125.0% -11.0%
18.0 20.2 8.0 Net profit?
+20.9% +12.1%
110 98.1 91.0 PAT margin %
-5 bps -130 bps
7.6% 8.9% 7.6% EPS (₹)
+6.6% +12.5%
3.05 2.71 2.86
Quality of profit
Pre-tax profit ₹139 Cr: core business ₹120 Cr, other income ₹18.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -10.4%
· reported profit +20.9%
M Cap ₹5,197 Cr
P/E 23.7
PEG 1.48
Profit +319% above its own trend Operating margin expanded 625 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+51.3% +74.8%
416 238 275 Operating profit
+117.9% +698.9%
85.0 10.6 39.0 OPM %
+625 bps +1596 bps
20.4% 4.5% 14.2% Other income
+133.3% +39.2%
7.0 5.0 3.0 Net profit?
+188.6% from loss 55.0 -0.1 19.1 PAT margin %
+629 bps +1328 bps
13.2% -0.1% 6.9% EPS (₹)
+149.3% from loss 76.32 -0.22 30.61
Quality of profit
Pre-tax profit ₹73.0 Cr: core business ₹66.0 Cr, other income ₹7.0 Cr.
Core profit YoY: +175.0%
· reported profit +188.6%
Cash & debt
FY26 cash from operations ₹143 Cr:
101% of FY26 net profit of ₹142 Cr.
Borrowings ₹230 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹309 ₹416
+34.4% above Net profit ₹13.1 ₹55.0
+318.7% above
M Cap ₹5,192 Cr
P/E 1030.2
PEG —
Operating margin contracted 281 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.4% +102.7%
965 476 933 Operating profit
-26.1% from loss 68.0 -1.0 92.0 OPM %
-281 bps +726 bps
7.0% -0.2% 9.9% Other income
-25.0% from loss 3.0 -6.0 4.0 Net profit
-26.8% from loss 41.0 -19.0 56.0 PAT margin %
-175 bps +824 bps
4.2% -4.0% 6.0% EPS (₹)
-27.1% from loss 15.03 -7.00 20.62
Quality of profit
Pre-tax profit ₹56.0 Cr: core business ₹53.0 Cr, other income ₹3.0 Cr.
Core profit YoY: -27.4%
· reported profit -26.8%
M Cap ₹5,166 Cr
P/E 21.2
PEG 0.66
Profit -87% below its own trend Operating margin contracted 372 bps YoY 34% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-27.8% +7.2%
992 925 1,374 Operating profit
-40.6% +155.2%
171 67.0 288 OPM %
-372 bps +999 bps
17.2% 7.2% 21.0% Other income
+72.2% -59.2%
31.0 76.0 18.0 Net profit?
-74.2% -31.3%
59.0 85.9 228 PAT margin %
-1067 bps -334 bps
5.9% 9.3% 16.6% EPS (₹)
-81.7% -43.9%
0.23 0.41 1.26
Quality of profit
Pre-tax profit ₹92.0 Cr: core business ₹61.0 Cr, other income ₹31.0 Cr.
Core profit YoY: -60.6%
· reported profit -74.2%
Cash & debt
FY26 cash from operations ₹892 Cr:
366% of FY26 net profit of ₹243 Cr.
Borrowings ₹1,019 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,100 ₹992
-9.8% below Net profit ₹457 ₹59.0
-87.1% below
M Cap ₹5,154 Cr
P/E 15.5
PEG 0.86
Operating margin contracted 184 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+29.6% +10.3%
972 882 750 Operating profit
+11.9% +6.2%
113 106 101 OPM %
-184 bps -45 bps
11.6% 12.1% 13.5% Other income
-13.8% +13.4%
25.0 22.1 29.0 Net profit?
+6.0% +9.4%
89.0 81.4 84.0 PAT margin %
-204 bps -7 bps
9.2% 9.2% 11.2% EPS (₹)
+6.6% +10.0%
15.58 14.17 14.62
Quality of profit
Pre-tax profit ₹120 Cr: core business ₹95.0 Cr, other income ₹25.0 Cr.
Core profit YoY: +15.9%
· reported profit +6.0%
Cash & debt
FY26 cash from operations ₹363 Cr:
105% of FY26 net profit of ₹345 Cr.
Borrowings ₹49.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹829 ₹972
+17.3% above Net profit ₹85.4 ₹89.0
+4.2% in line
₹ Cr
Mar 2026
Sales
133 Operating profit
29.0 OPM %
21.8% Other income
4.0 Net profit?
21.0 PAT margin %
15.8% EPS (₹)
2.45
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 ₹28.0 Cr: core business ₹24.0 Cr, other income ₹4.0 Cr.
M Cap ₹5,117 Cr
P/E 44.2
PEG 0.98
Operating margin expanded 397 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.4% +20.9%
1,669 1,380 1,554 Operating profit
+30.6% +410.7%
373 73.0 286 OPM %
+397 bps +1706 bps
22.3% 5.3% 18.4% Other income
to loss to loss -3.0 2.7 8.6 Net profit?
+77.6% —
391 14.7 220 PAT margin %
+926 bps +2236 bps
23.4% 1.1% 14.2% EPS (₹)
-6.8% —
1.65 0.12 1.77
Quality of profit
Pre-tax profit ₹299 Cr: core business ₹302 Cr, other income −₹3.0 Cr.
Core profit YoY: +44.6%
· reported profit +77.6%
Cash & debt
FY26 cash from operations ₹230 Cr:
182% of FY26 net profit of ₹126 Cr.
Borrowings ₹3,545 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,426 ₹1,669
+17.0% above
M Cap ₹5,069 Cr
P/E 18.9
PEG —
Profit -51% below its own trend Operating margin contracted 236 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.4% +3.1%
853 827 809 Operating profit
-5.3% +4.1%
177 170 187 OPM %
-236 bps +19 bps
20.8% 20.6% 23.1% Other income
+100.0% +50.0%
6.0 4.0 3.0 Net profit
-2.7% +10.8%
72.0 65.0 74.0 PAT margin %
-71 bps +58 bps
8.4% 7.9% 9.1% EPS (₹)
-3.1% +11.4%
4.12 3.70 4.25
Quality of profit
Pre-tax profit ₹98.0 Cr: core business ₹90.0 Cr, other income ₹6.0 Cr, exceptional & other items ₹2.0 Cr.
Core profit YoY: -7.2%
· reported profit -2.7%
Cash & debt
FY26 cash from operations ₹654 Cr:
276% of FY26 net profit of ₹237 Cr.
Borrowings ₹1,154 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹819 ₹853
+4.1% in line Net profit ₹148 ₹72.0
-51.4% below
M Cap ₹5,067 Cr
P/E 17.9
PEG —
Operating margin contracted 1039 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+74.9% +27.9%
1,608 1,257 919 Operating profit
-31.5% -29.8%
108 153 157 OPM %
-1039 bps -550 bps
6.7% 12.2% 17.1% Other income
+65.9% -56.2%
5.0 11.4 3.0 Net profit?
-36.2% -38.8%
60.4 98.7 94.7 PAT margin %
-655 bps -410 bps
3.8% 7.9% 10.3% EPS (₹)
-43.6% -43.3%
4.77 8.41 8.45
Quality of profit
Pre-tax profit ₹73.8 Cr: core business ₹68.8 Cr, other income ₹5.0 Cr.
Core profit YoY: -46.5%
· reported profit -36.2%
M Cap ₹5,020 Cr
P/E 36.2
PEG 3.29
Profit +10% above its own trend Operating margin expanded 594 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.7% +54.8%
145 93.7 144 Operating profit
+16.4% +139.2%
64.0 26.8 55.0 OPM %
+594 bps +1557 bps
44.1% 28.6% 38.2% Other income
-21.7% +70.9%
18.0 10.5 23.0 Net profit?
+4.1% +171.9%
51.0 18.8 49.0 PAT margin %
+114 bps +1515 bps
35.2% 20.0% 34.0% EPS (₹)
+3.8% +170.3%
9.27 3.43 8.93
Quality of profit
Pre-tax profit ₹73.0 Cr: core business ₹56.0 Cr, other income ₹18.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +12.0%
· reported profit +4.1%
Cash & debt
FY26 cash from operations ₹93.0 Cr:
69% of FY26 net profit of ₹134 Cr.
Borrowings ₹7.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹165 ₹145
-12.3% below Net profit ₹46.2 ₹51.0
+10.3% above
M Cap ₹5,019 Cr
P/E 33.4
PEG 11.14
Turnaround: profit against a loss a year ago Operating margin expanded 1450 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
+177.1% +40.5%
1,502 1,069 542 Operating profit
+903.3% +37.4%
301 219 30.0 OPM %
+1450 bps -45 bps
20.0% 20.5% 5.5% Other income
+77.3% +11.4%
39.0 35.0 22.0 Net profit?
from loss +89.7%
110 58.0 -88.0 PAT margin %
+2356 bps +190 bps
7.3% 5.4% -16.2% EPS (₹)
from loss +88.9%
4.78 2.53 -3.62
Quality of profit
Pre-tax profit ₹145 Cr: core business ₹106 Cr, other income ₹39.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹345 Cr:
616% of FY26 net profit of ₹56.0 Cr.
Borrowings ₹5,595 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹568 ₹1,502
+164.6% above
M Cap ₹4,982 Cr
P/E 33.1
PEG 2.36
Turnaround: profit against a loss a year ago
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.1% +13.4%
372 328 329 Operating profit
+11.6% +10.8%
67.0 60.5 60.0 OPM %
-23 bps -43 bps
18.0% 18.4% 18.2% Other income
from loss +92.6%
7.0 3.6 -45.0 Net profit?
from loss +43.6%
42.1 29.3 -1.0 PAT margin %
+1162 bps +237 bps
11.3% 8.9% -0.3% EPS (₹)
from loss +44.7%
4.27 2.95 -0.21
Quality of profit
Pre-tax profit ₹55.8 Cr: core business ₹48.8 Cr, other income ₹7.0 Cr.
Cash & debt
FY26 cash from operations ₹241 Cr:
165% of FY26 net profit of ₹146 Cr.
Borrowings ₹154 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹367 ₹372
+1.3% in line
M Cap ₹4,982 Cr
P/E 9.4
PEG 0.23
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+20.9% +10.4%
1,136 1,029 940 Operating profit
+6.3% -10.1%
76.4 85.0 71.9 OPM %
-92 bps -153 bps
6.7% 8.3% 7.7% Other income
+43.4% —
4.0 0.0 2.8 Net profit?
+21.0% -90.7%
40.1 433 33.1 PAT margin %
+0 bps -3852 bps
3.5% 42.1% 3.5% EPS (₹)
+21.3% -7.2%
2.56 2.76 2.11
Quality of profit
Pre-tax profit ₹50.0 Cr: core business ₹47.4 Cr, other income ₹4.0 Cr, exceptional & other items −₹1.4 Cr.
Core profit YoY: -1.2%
· reported profit +21.0%
Cash & debt
FY26 cash from operations ₹333 Cr:
61% of FY26 net profit of ₹550 Cr.
Borrowings ₹555 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,142 ₹1,136
-0.5% in line Net profit ₹43.5 ₹40.1
-7.9% in line
M Cap ₹4,971 Cr
P/E 165.6
PEG 4.14
Into loss: a profit a year ago
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.4% +14.4%
2,110 1,844 2,102 Operating profit
-6.8% +25.1%
175 140 188 OPM %
-64 bps +71 bps
8.3% 7.6% 8.9% Other income
-21.6% +56.5%
10.1 6.4 12.9 Net profit?
to loss to loss -15.9 49.9 121 PAT margin %
-651 bps -346 bps
-0.8% 2.7% 5.8% EPS (₹)
-94.9% -89.3%
0.13 1.21 2.57
Quality of profit
Pre-tax profit −₹15.8 Cr: core business ₹6.1 Cr, other income ₹10.1 Cr, exceptional & other items −₹32.1 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹503 Cr:
1676% of FY26 net profit of ₹30.0 Cr.
Borrowings ₹1,421 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,210 ₹2,110
-4.5% in line
M Cap ₹4,962 Cr
P/E 48.2
PEG —
Operating margin contracted 112 bps YoY 26% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.3% +9.2%
1,069 979 1,015 Operating profit
-4.5% +52.1%
117 76.9 123 OPM %
-112 bps +309 bps
10.9% 7.9% 12.1% Other income
-7.8% -7.7%
18.0 19.5 19.5 Net profit?
-31.9% +146.4%
36.0 14.6 52.9 PAT margin %
-184 bps +187 bps
3.4% 1.5% 5.2% EPS (₹)
-33.6% +145.5%
4.91 2.00 7.40
Quality of profit
Pre-tax profit ₹70.0 Cr: core business ₹52.0 Cr, other income ₹18.0 Cr.
Core profit YoY: -12.6%
· reported profit -31.9%
Cash & debt
FY26 cash from operations ₹52.0 Cr:
52% of FY26 net profit of ₹100 Cr.
Borrowings ₹1,273 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,058 ₹1,069
+1.0% in line Net profit ₹39.2 ₹36.0
-8.2% in line
Operating margin expanded 240 bps YoY Core business grew faster than reported profit (core profit +261%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+45.4% +7.4%
2,365 2,202 1,627 Operating profit
+161.2% +32.0%
128 97.0 49.0 OPM %
+240 bps +101 bps
5.4% 4.4% 3.0% Other income
-33.3% -66.7%
4.0 12.0 6.0 Net profit?
+187.0% +37.5%
66.0 48.0 23.0 PAT margin %
+138 bps +61 bps
2.8% 2.2% 1.4% EPS (₹)
+143.0% +44.8%
2.94 2.03 1.21
Quality of profit
Pre-tax profit ₹87.0 Cr: core business ₹83.0 Cr, other income ₹4.0 Cr.
Core profit YoY: +260.9%
· reported profit +187.0%
Cash & debt
FY26 cash from operations −₹410 Cr.
Borrowings ₹1,426 Cr at Mar 2026.
M Cap ₹4,951 Cr
P/E 19.6
PEG 2.80
Turnaround: profit against a loss a year ago
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.4% -1.0%
3,892 3,930 3,657 Operating profit
+27.7% +8.0%
86.0 79.6 67.4 OPM %
+37 bps +18 bps
2.2% 2.0% 1.8% Other income
-36.0% +352.2%
7.0 1.5 10.9 Net profit?
from loss +16.2%
64.0 55.1 -95.0 PAT margin %
+424 bps +24 bps
1.6% 1.4% -2.6% EPS (₹)
from loss +16.5%
4.30 3.69 -6.41
Quality of profit
Pre-tax profit ₹69.0 Cr: core business ₹61.0 Cr, other income ₹7.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +26.7%
Cash & debt
FY26 cash from operations ₹230 Cr:
104% of FY26 net profit of ₹222 Cr.
Borrowings ₹124 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,714 ₹3,892
+43.4% above
M Cap ₹4,949 Cr
P/E 24.9
PEG 2.77
Core business grew faster than reported profit (core profit +33%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+24.3% +3.8%
289 278 232 Operating profit
+23.0% +8.7%
67.5 62.1 54.9 OPM %
-26 bps +105 bps
23.4% 22.4% 23.7% Other income
-23.4% -8.1%
16.2 17.6 21.1 Net profit?
+7.4% +8.5%
55.1 50.8 51.3 PAT margin %
-300 bps +82 bps
19.1% 18.3% 22.1% EPS (₹)
-1.5% +4.9%
2.55 2.43 2.59
Quality of profit
Pre-tax profit ₹70.7 Cr: core business ₹54.5 Cr, other income ₹16.2 Cr.
Core profit YoY: +32.6%
· reported profit +7.4%
Cash & debt
FY26 cash from operations ₹165 Cr:
81% of FY26 net profit of ₹203 Cr.
Borrowings ₹33.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹296 ₹289
-2.6% in line Net profit ₹59.6 ₹55.1
-7.6% in line
M Cap ₹4,946 Cr
P/E 40.6
PEG 0.83
Profit +133% 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
+6.2% -11.5%
69.0 78.0 65.0 Operating profit
— to loss -3.0 19.0 -3.0 OPM %
+27 bps -2871 bps
-4.3% 24.4% -4.6% Other income
+163.2% +117.4%
50.0 23.0 19.0 Net profit?
+366.7% +12.0%
28.0 25.0 6.0 PAT margin %
+3135 bps +853 bps
40.6% 32.1% 9.2% EPS (₹)
+360.0% +4.5%
0.69 0.66 0.15
Quality of profit
Pre-tax profit ₹45.0 Cr: core business −₹5.0 Cr, other income ₹50.0 Cr.
Core profit YoY: loss narrowed
· reported profit +366.7%
Cash & debt
FY26 cash from operations ₹67.0 Cr:
65% of FY26 net profit of ₹103 Cr.
Borrowings ₹88.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹82.2 ₹69.0
-16.0% below Net profit ₹12.0 ₹28.0
+133.3% above
M Cap ₹4,928 Cr
P/E 22.0
PEG 0.35
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+48.7% +12.3%
249 221 167 Operating profit
+44.6% -18.2%
81.9 100 56.7 OPM %
-95 bps -1229 bps
32.9% 45.2% 33.9% Other income
to loss to loss -183 9.9 5.8 Net profit?
loss narrowed to loss -7.2 71.3 -207 PAT margin %
— -3512 bps
-2.9% 32.2% — EPS (₹)
loss narrowed to loss -2.24 10.63 -32.68
Quality of profit
Pre-tax profit −₹120 Cr: core business ₹63.6 Cr, other income −₹183 Cr.
Core profit YoY: +48.1%
Cash & debt
FY26 cash from operations ₹270 Cr:
137% of FY26 net profit of ₹197 Cr.
Borrowings ₹203 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹255 ₹249
-2.4% in line
M Cap ₹4,923 Cr
P/E 26.2
PEG 1.25
Operating margin expanded 175 bps YoY Core business grew faster than reported profit (core profit +115%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+30.0% +14.0%
1,200 1,053 923 Operating profit
+56.4% +12.1%
124 111 79.3 OPM %
+175 bps -17 bps
10.3% 10.5% 8.6% Other income
-56.1% +864.4%
11.0 1.1 25.0 Net profit?
+22.8% +16.0%
54.0 46.5 44.0 PAT margin %
-26 bps +8 bps
4.5% 4.4% 4.8% EPS (₹)
+23.0% +16.2%
57.88 49.79 47.04
Quality of profit
Pre-tax profit ₹72.0 Cr: core business ₹61.0 Cr, other income ₹11.0 Cr.
Core profit YoY: +114.8%
· reported profit +22.8%
Cash & debt
FY26 cash from operations ₹373 Cr:
216% of FY26 net profit of ₹173 Cr.
Borrowings ₹973 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,130 ₹1,200
+6.2% above Net profit ₹55.1 ₹54.0
-2.0% in line
M Cap ₹4,917 Cr
P/E 50.6
PEG —
Profit -24% below its own trend Operating margin contracted 549 bps YoY 30% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.3% +5.9%
91.0 85.9 84.0 Operating profit
-12.5% -6.1%
21.0 22.4 24.0 OPM %
-549 bps -295 bps
23.1% 26.0% 28.6% Other income
-9.1% +14.3%
10.0 8.8 11.0 Net profit
-13.8% +55.4%
25.0 16.1 29.0 PAT margin %
-705 bps +874 bps
27.5% 18.7% 34.5% EPS (₹)
-13.8% +56.9%
10.23 6.52 11.87
Quality of profit
Pre-tax profit ₹30.0 Cr: core business ₹21.0 Cr, other income ₹10.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -8.7%
· reported profit -13.8%
Cash & debt
FY26 cash from operations ₹47.0 Cr:
50% of FY26 net profit of ₹93.1 Cr.
Borrowings ₹3.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹83.6 ₹91.0
+8.8% above Net profit ₹33.0 ₹25.0
-24.3% below
M Cap ₹4,914 Cr
P/E 13.6
PEG —
Profit +13% above its own trend Operating margin contracted 125 bps YoY 35% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.3% +17.2%
742 634 705 Operating profit
-0.7% +1.7%
153 150 154 OPM %
-125 bps -312 bps
20.6% 23.7% 21.8% Other income
+44.0% —
53.3 3.6 37.0 Net profit?
+18.9% +61.5%
115 71.5 97.0 PAT margin %
+178 bps +427 bps
15.5% 11.3% 13.8% EPS (₹)
+19.4% +61.5%
17.83 11.04 14.93
Quality of profit
Pre-tax profit ₹153 Cr: core business ₹99.3 Cr, other income ₹53.3 Cr.
Core profit YoY: +11.6%
· reported profit +18.9%
Cash & debt
FY26 cash from operations ₹571 Cr:
162% of FY26 net profit of ₹352 Cr.
Borrowings ₹241 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹708 ₹742
+4.9% in line Net profit ₹102 ₹115
+12.8% above
M Cap ₹4,899 Cr
P/E 12.3
PEG 0.54
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+24.1% +8.3%
545 503 439 Net interest income
+29.5% +11.2%
307 276 237 Other income
— from loss 3.0 -4.0 0.0 Net profit?
+25.3% +11.8%
104 93.0 83.0 EPS (₹)
+25.1% +11.8%
5.68 5.08 4.54 Gross NPA %
+13 bps +1 bps
2.6% 2.6% 2.4% Net NPA %
+8 bps -2 bps
1.7% 1.7% 1.6%
Against its own trend ?
Trend Actual Gap
NII ₹312 ₹307
-1.6% in line Net profit ₹97.6 ₹104
+6.5% in line
M Cap ₹4,891 Cr
P/E 39.6
PEG —
Profit +100% above its own trend Core business grew faster than reported profit (core profit +150%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.5% +4.0%
735 707 710 Operating profit
-8.5% +14.4%
54.0 47.2 59.0 OPM %
-96 bps +67 bps
7.3% 6.7% 8.3% Other income
+200.0% -5.4%
3.0 3.2 1.0 Net profit?
+0.0% +10.9%
22.0 19.8 22.0 PAT margin %
-11 bps +19 bps
3.0% 2.8% 3.1% EPS (₹)
-1.3% +9.9%
0.78 0.71 0.79
Quality of profit
Pre-tax profit ₹32.0 Cr: core business ₹30.0 Cr, other income ₹3.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +150.0%
· reported profit +0.0%
Cash & debt
FY26 cash from operations ₹175 Cr:
222% of FY26 net profit of ₹78.7 Cr.
Borrowings ₹543 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹652 ₹735
+12.8% above Net profit ₹11.0 ₹22.0
+100.0% above
M Cap ₹4,887 Cr
P/E 30.0
PEG 7.51
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.5% +18.4%
425 359 388 Operating profit
+10.3% +41.2%
96.0 68.0 87.0 OPM %
+17 bps +365 bps
22.6% 18.9% 22.4% Other income
-100.0% loss narrowed 0.0 -2.0 6.0 Net profit?
+3.5% +59.5%
59.0 37.0 57.0 PAT margin %
-81 bps +358 bps
13.9% 10.3% 14.7% EPS (₹)
+1.3% +58.6%
12.10 7.63 11.95
Quality of profit
Pre-tax profit ₹80.0 Cr: core business ₹80.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +11.1%
· reported profit +3.5%
Cash & debt
FY26 cash from operations ₹223 Cr:
152% of FY26 net profit of ₹147 Cr.
Borrowings ₹21.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹397 ₹425
+7.0% above Net profit ₹59.5 ₹59.0
-0.8% in line
M Cap ₹4,883 Cr
P/E 237.0
PEG 23.70
Operating margin expanded 126 bps YoY Exceptional items of ₹-16.0 Cr in the quarter Core business grew faster than reported profit (core profit +110%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+21.6% +14.3%
1,000 875 823 Operating profit
+49.0% +9.7%
68.2 62.1 45.7 OPM %
+126 bps -28 bps
6.8% 7.1% 5.6% Other income
+6.7% +55.6%
13.1 8.4 12.3 Net profit?
+43.8% -62.8%
2.2 5.9 1.5 PAT margin %
+3 bps -46 bps
0.2% 0.7% 0.2% EPS (₹)
-5.8% -11.8%
0.97 1.10 1.03
Quality of profit
Pre-tax profit ₹27.6 Cr: core business ₹30.5 Cr, other income ₹13.1 Cr, exceptional & other items −₹16.0 Cr.
Core profit YoY: +109.7%
· reported profit +43.8%
Cash & debt
FY26 cash from operations ₹33.0 Cr:
94% of FY26 net profit of ₹35.3 Cr.
Borrowings ₹394 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹952 ₹1,000
+5.1% above
M Cap ₹4,875 Cr
P/E 40.3
PEG —
42% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.1% +7.4%
87.0 81.0 82.0 Operating profit
+8.0% +8.0%
27.0 25.0 25.0 OPM %
+55 bps +17 bps
31.0% 30.9% 30.5% Other income
+36.4% -6.2%
15.0 16.0 11.0 Net profit
+27.8% -11.5%
23.0 26.0 18.0 PAT margin %
+449 bps -566 bps
26.4% 32.1% 22.0% EPS (₹)
+16.5% -12.4%
1.62 1.85 1.39
Quality of profit
Pre-tax profit ₹33.0 Cr: core business ₹19.0 Cr, other income ₹15.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +35.7%
· reported profit +27.8%
Against its own trend ?
Trend Actual Gap
Sales ₹87.2 ₹87.0
-0.3% in line Net profit ₹23.4 ₹23.0
-1.8% in line
M Cap ₹4,871 Cr
P/E 20.6
PEG 0.23
Profit -49% below its own trend Operating margin expanded 1038 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-15.3% -2.7%
216 222 255 Operating profit
+18.9% -22.8%
78.0 101 65.6 OPM %
+1038 bps -938 bps
36.1% 45.5% 25.7% Other income
+788.9% +33.3%
4.0 3.0 0.5 Net profit
+2.6% -32.8%
45.0 67.0 43.9 PAT margin %
+363 bps -935 bps
20.8% 30.2% 17.2% EPS (₹)
-79.3% -32.0%
3.65 5.37 17.64
Quality of profit
Pre-tax profit ₹62.0 Cr: core business ₹58.0 Cr, other income ₹4.0 Cr.
Core profit YoY: -2.7%
· reported profit +2.6%
Cash & debt
FY26 cash from operations ₹262 Cr:
118% of FY26 net profit of ₹222 Cr.
Borrowings ₹127 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹444 ₹216
-51.4% below Net profit ₹87.7 ₹45.0
-48.7% 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.
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, 23:30 IST
