Flash Finance

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 13 Oct 2026, 15:48 IST 5115 declared
The next results season has started: 36 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
-4.8%
median; 37% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs

1375 matching results 1375

Page 3 of 46

Wockhardt Limited

WOCKPHARMA · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹31,900 Cr
P/E
90.4
PEG
2.10
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 1470 bps YoY
  • 35% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +29.9%+111.2% 965457743
Operating profit +251.6%+703.6% 22528.064.0
OPM % +1470 bps+1719 bps 23.3%6.1%8.6%
Other income +346.7%+346.7% 67.015.015.0
Net profit? from loss+485.7% 16428.0-45.0
PAT margin % +2305 bps+1087 bps 17.0%6.1%-6.1%
EPS (₹) from loss+181.5% 10.223.63-1.54

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹189 Cr: core business ₹122 Cr, other income ₹67.0 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹390 Cr: 283% of FY26 net profit of ₹138 Cr.

Borrowings ₹2,233 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹730₹965 +32.2% above
📊 Investor presentation (04 Jun) Detailed financials →

Delhivery Limited

DELHIVERY · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹30,882 Cr
P/E
332.1
PEG
11.07
  • Profit -39% below its own trend
  • Operating margin expanded 208 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +30.0%+1.6% 2,8502,8052,192
Operating profit +79.7%+2.5% 214209119
OPM % +208 bps+7 bps 7.5%7.4%5.4%
Other income -37.5%-9.2% 70.077.1112
Net profit? -0.8%+81.9% 72.039.672.6
PAT margin % -78 bps+111 bps 2.5%1.4%3.3%
EPS (₹) +0.0%+83.0% 0.970.530.97

Quality of profit

Pre-tax profit ₹67.0 Cr: core business −₹3.0 Cr, other income ₹70.0 Cr.

Core profit YoY: loss narrowed · reported profit -0.8%

Cash & debt

FY26 cash from operations ₹911 Cr: 599% of FY26 net profit of ₹152 Cr.

Borrowings ₹1,463 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,438₹2,850 +16.9% above
Net profit₹118₹72.0 -39.1% below
📊 Investor presentation (08 Aug) Detailed financials →

The New India Assurance Company Limited

NIACL · NBFC & Finance Companies · Q4 FY26 · Consolidated
M Cap
₹30,821 Cr
P/E
40.0
PEG
0.40
  • Profit +46% above its own trend
  • Operating margin contracted 350 bps YoY
  • 96% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -96%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +7.5%+3.9% 12,54412,06911,664
Operating profit -95.5%-90.8% 19.0206426
OPM % -350 bps-156 bps 0.2%1.7%3.7%
Other income +454.5%+157.2% 42716677.0
Net profit? +62.9%+52.6% 580380356
PAT margin % +157 bps+148 bps 4.6%3.1%3.1%
EPS (₹) +61.0%+51.9% 3.512.312.18

Quality of profit

Core 4%Other income & one-offs 96%

Pre-tax profit ₹446 Cr: core business ₹19.0 Cr, other income ₹427 Cr.

Core profit YoY: -95.5% · reported profit +62.9%

Cash & debt

FY26 cash from operations −₹4,532 Cr: -320% of FY26 net profit of ₹1,417 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹13,137₹12,544 -4.5% in line
Net profit₹396₹580 +46.4% above
📊 Investor presentation (24 Jul) Detailed financials →

United Breweries Limited

UBL · Breweries & Distilleries · Q4 FY26 · Consolidated
M Cap
₹30,798 Cr
P/E
77.9
PEG
15.58
  • Operating margin contracted 186 bps YoY
  • 71% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -73%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -3.1%+8.5% 2,2502,0732,323
Operating profit -25.6%-38.4% 139226187
OPM % -186 bps-471 bps 6.2%10.9%8.0%
Other income +923.7%+639.4% 82.011.18.0
Net profit? +4.3%+25.7% 10281.297.8
PAT margin % +32 bps+62 bps 4.5%3.9%4.2%
EPS (₹) +4.3%+25.8% 3.853.063.69

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹116 Cr: core business ₹34.0 Cr, other income ₹82.0 Cr.

Core profit YoY: -72.6% · reported profit +4.3%

Cash & debt

FY26 cash from operations ₹435 Cr: 105% of FY26 net profit of ₹413 Cr.

Borrowings ₹1,317 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,330₹2,250 -3.4% in line
Net profit₹111₹102 -8.0% in line
📊 Investor presentation (02 Sep) Detailed financials →

Acme Solar Holdings Limited

ACMESOLAR · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹29,576 Cr
P/E
49.1
PEG
0.33
  • Profit -43% below its own trend
  • Operating margin contracted 212 bps YoY
  • 90% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -85%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +12.5%+10.3% 548497487
Operating profit +9.9%+7.9% 479444436
OPM % -212 bps-193 bps 87.4%89.3%89.5%
Other income +350.0%+42.5% 17112038.0
Net profit? +13.1%+21.1% 138114122
PAT margin % +13 bps+224 bps 25.2%22.9%25.1%
EPS (₹) +12.7%+22.3% 2.301.882.04

Quality of profit

Core 10%Other income & one-offs 90%

Pre-tax profit ₹190 Cr: core business ₹19.0 Cr, other income ₹171 Cr.

Core profit YoY: -85.2% · reported profit +13.1%

Cash & debt

FY26 cash from operations ₹1,249 Cr: 251% of FY26 net profit of ₹498 Cr.

Borrowings ₹19,896 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹803₹548 -31.8% below
Net profit₹244₹138 -43.4% below
📊 Investor presentation (30 Jul) Detailed financials →

Escorts Kubota Limited

ESCORTS · Tractors & Farm Machinery · Q4 FY26 · Consolidated
M Cap
₹29,410 Cr
P/E
21.3
PEG
0.82
  • Profit -17% below its own trend
  • Operating margin expanded 108 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +39%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +21.4%-9.5% 2,9683,2802,445
Operating profit +32.5%-12.4% 381435288
OPM % +108 bps-41 bps 12.8%13.3%11.8%
Other income -7.9%-21.0% 122154132
Net profit? +0.8%-10.4% 321358318
PAT margin % -221 bps-11 bps 10.8%10.9%13.0%
EPS (₹) -1.1%-12.0% 28.6532.5728.96

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹428 Cr: core business ₹306 Cr, other income ₹122 Cr.

Core profit YoY: +38.8% · reported profit +0.8%

Cash & debt

FY26 cash from operations ₹1,381 Cr: 58% of FY26 net profit of ₹2,395 Cr.

Borrowings ₹162 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,732₹2,968 +8.7% above
Net profit₹387₹321 -17.1% below
Detailed financials →

Tata Technologies Limited

TATATECH · IT Services & Software · Q4 FY26 · Consolidated
M Cap
₹29,083 Cr
P/E
52.2
PEG
—
  • Operating margin contracted 212 bps YoY
  • 33% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +22.3%+15.1% 1,5721,3661,286
Operating profit +8.0%+30.6% 252193233
OPM % -212 bps+190 bps 16.0%14.1%18.2%
Other income +64.7%from loss 94.0-12557.1
Net profit? +8.0%— 2047.0189
PAT margin % -171 bps+1246 bps 13.0%0.5%14.7%
EPS (₹) +7.9%— 5.030.164.66

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹283 Cr: core business ₹189 Cr, other income ₹94.0 Cr.

Core profit YoY: -4.3% · reported profit +8.0%

Cash & debt

FY26 cash from operations ₹776 Cr: 142% of FY26 net profit of ₹546 Cr.

Borrowings ₹938 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,291₹1,572 +21.7% above
Net profit₹198₹204 +2.8% in line
📊 Investor presentation (17 Jul) Detailed financials →

Schneider Electric Infrastructure Limited

SCHNEIDER · Electrical Equipment · Q4 FY26 · Standalone
M Cap
₹28,348 Cr
P/E
154.5
PEG
5.72
  • Profit -56% below its own trend
  • Operating margin contracted 719 bps YoY
  • 43% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +0.5%-42.7% 5901,029587
Operating profit -48.3%-74.0% 45.017387.0
OPM % -719 bps-919 bps 7.6%16.8%14.8%
Other income +150.0%from loss 15.0-20.06.0
Net profit -60.0%-77.3% 22.097.055.0
PAT margin % -564 bps-570 bps 3.7%9.4%9.4%
EPS (₹) -59.6%-77.3% 0.924.062.28

Quality of profit

Core 57%Other income & one-offs 43%

Pre-tax profit ₹35.0 Cr: core business ₹20.0 Cr, other income ₹15.0 Cr.

Core profit YoY: -70.6% · reported profit -60.0%

Cash & debt

Borrowings ₹548 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹670₹590 -12.0% below
Net profit₹50.5₹22.0 -56.4% below
📊 Investor presentation (17 Aug) Detailed financials →

Go Digit General Insurance Limited

GODIGIT · NBFC & Finance Companies · Q4 FY26 · Standalone
M Cap
₹25,831 Cr
P/E
52.5
PEG
0.35
  • Operating margin contracted 290 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +4.5%+5.5% 2,7112,5702,594
Operating profit loss widenedto loss -297162-209
OPM % -290 bps-1726 bps -11.0%6.3%-8.1%
Other income +44.6%— 4701.0325
Net profit +28.4%+6.4% 149140116
PAT margin % +102 bps+5 bps 5.5%5.4%4.5%
EPS (₹) +29.6%+6.6% 1.621.521.25

Quality of profit

Pre-tax profit ₹173 Cr: core business −₹297 Cr, other income ₹470 Cr.

Core profit YoY: loss widened · reported profit +28.4%

Cash & debt

FY26 cash from operations ₹2,026 Cr: 372% of FY26 net profit of ₹544 Cr.

Borrowings ₹350 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,822₹2,711 -3.9% in line
Net profit₹155₹149 -4.2% in line
📊 Investor presentation (23 Jul) Detailed financials →

AWL Agri Business Limited

AWL · Edible Oils · Q4 FY26 · Consolidated
M Cap
₹23,688 Cr
P/E
20.4
PEG
0.93
  • Profit +98% above its own trend
  • 42% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +22%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +17.7%+15.4% 21,46518,60318,230
Operating profit +14.4%-5.2% 524553458
OPM % -7 bps-53 bps 2.4%3.0%2.5%
Other income +205.8%+50.0% 15910652.0
Net profit? +53.4%+8.9% 293269191
PAT margin % +32 bps-8 bps 1.4%1.4%1.0%
EPS (₹) +54.1%+8.7% 2.252.071.46

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹380 Cr: core business ₹222 Cr, other income ₹159 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +22.0% · reported profit +53.4%

Cash & debt

FY26 cash from operations ₹3,928 Cr: 376% of FY26 net profit of ₹1,045 Cr.

Borrowings ₹1,109 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹22,083₹21,465 -2.8% in line
Net profit₹148₹293 +98.2% above
📊 Investor presentation (30 Jul) Detailed financials →

Mtar Technologies Limited

MTARTECH · Engineering & Capital Goods · Q4 FY26 · Standalone
M Cap
₹23,676 Cr
P/E
176.7
PEG
—
  • Profit +58% above its own trend
  • Operating margin expanded 154 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +139%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +67.2%+10.1% 306278183
Operating profit +81.0%-3.9% 61.664.034.0
OPM % +154 bps-293 bps 20.1%23.0%18.6%
Other income —+546.1% 16.52.60.0
Net profit +216.7%+26.1% 44.335.214.0
PAT margin % +684 bps+183 bps 14.5%12.7%7.7%
EPS (₹) +211.9%+26.1% 14.4111.434.62

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹59.6 Cr: core business ₹43.1 Cr, other income ₹16.5 Cr.

Core profit YoY: +139.3% · reported profit +216.7%

Cash & debt

FY26 cash from operations ₹192 Cr: 201% of FY26 net profit of ₹95.3 Cr.

Borrowings ₹377 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹229₹306 +33.7% above
Net profit₹28.0₹44.3 +58.3% above
📊 Investor presentation (30 Jul) Detailed financials →

ITI Limited

ITI · Telecom Equipment & Infrastructure · Q4 FY26 · Standalone
M Cap
₹23,133 Cr
P/E
87.8
PEG
5.49
  • Turnaround: profit against a loss a year ago
  • Operating margin contracted 1500 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 -40.0%+22.0% 6285151,046
Operating profit loss widenedto loss -11125.3-28.0
OPM % -1500 bps-2260 bps -17.7%4.9%-2.7%
Other income +381.6%— 47212.398.0
Net profit from lossfrom loss 375-25.6-5.0
PAT margin % +6019 bps+6468 bps 59.7%-5.0%-0.5%
EPS (₹) from lossfrom loss 3.90-0.27-0.05

Quality of profit

Pre-tax profit ₹375 Cr: core business −₹97.0 Cr, other income ₹472 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations −₹135 Cr: -58% of FY26 net profit of ₹232 Cr.

Borrowings ₹765 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹780₹628 -19.5% below
Detailed financials →

Amber Enterprises India Limited

AMBER · Electronic Components · Q4 FY26 · Consolidated
M Cap
₹23,023 Cr
P/E
—
PEG
—
  • 40% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +10.5%+40.9% 4,1482,9433,754
Operating profit +3.2%+22.5% 291237282
OPM % -50 bps-105 bps 7.0%8.1%7.5%
Other income +342.1%from loss 84.0-48.019.0
Net profit? +37.3%from loss 162-9.0118
PAT margin % +76 bps+421 bps 3.9%-0.3%3.1%
EPS (₹) +10.8%from loss 38.04-7.7434.32

Quality of profit

Core 60%Other income & one-offs 40%

Pre-tax profit ₹211 Cr: core business ₹127 Cr, other income ₹84.0 Cr.

Core profit YoY: from loss · reported profit +37.3%

Cash & debt

FY26 cash from operations ₹240 Cr: 106% of FY26 net profit of ₹227 Cr.

Borrowings ₹2,702 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5,101₹4,148 -18.7% below
Net profit₹154₹162 +5.2% in line
📊 Investor presentation (14 Aug) Detailed financials →

KIOCL Limited

KIOCL · Mining & Minerals · Q4 FY26 · Standalone
M Cap
₹22,897 Cr
P/E
594.9
PEG
20.51
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 3111 bps YoY
  • 65% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -10.7%+37.8% 220160246
Operating profit from loss+200.8% 32.010.6-40.8
OPM % +3111 bps+788 bps 14.5%6.7%-16.6%
Other income +128.1%+128.7% 36.015.715.8
Net profit from loss+192.3% 53.018.1-36.9
PAT margin % +3905 bps+1273 bps 24.1%11.4%-15.0%
EPS (₹) from loss+193.3% 0.880.30-0.61

Quality of profit

Core 35%Other income & one-offs 65%

Pre-tax profit ₹54.0 Cr: core business ₹19.0 Cr, other income ₹36.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹79.0 Cr: 488% of FY26 net profit of ₹16.2 Cr.

Borrowings ₹192 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹191₹220 +15.4% above
Detailed financials →

Finolex Cables Limited

FINCABLES · Cables & Wires · Q4 FY26 · Consolidated
M Cap
₹21,997 Cr
P/E
27.5
PEG
2.29
  • Operating margin contracted 149 bps YoY
  • 46% of pre-tax profit came from other income and one-off items
  • FY26 operating cash flow was only 7% of profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +22.4%+22.0% 1,9511,5991,595
Operating profit +5.4%+13.9% 180158171
OPM % -149 bps-66 bps 9.2%9.9%10.7%
Other income +35.2%+89.2% 14074.0104
Net profit? +16.8%+36.6% 224164192
PAT margin % -54 bps+122 bps 11.5%10.3%12.0%
EPS (₹) +17.1%+36.7% 14.6710.7312.53

Quality of profit

Core 54%Other income & one-offs 46%

Pre-tax profit ₹303 Cr: core business ₹163 Cr, other income ₹140 Cr.

Core profit YoY: +3.2% · reported profit +16.8%

Cash & debt

FY26 cash from operations ₹49.0 Cr: 7% of FY26 net profit of ₹714 Cr.

Borrowings ₹19.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,781₹1,951 +9.6% above
Net profit₹206₹224 +9.0% in line
📊 Investor presentation (13 Aug) Detailed financials →

The Great Eastern Shipping Company Limited

GESHIP · Shipping & Ports · Q4 FY26 · Consolidated
M Cap
₹21,982 Cr
P/E
7.5
PEG
1.25
  • Profit +253% above its own trend
  • Operating margin expanded 2126 bps YoY
  • 33% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +23.5%+3.9% 1,5111,4541,223
Operating profit +87.6%+12.6% 941836502
OPM % +2126 bps+482 bps 62.3%57.5%41.0%
Other income +130.4%+22.7% 346282150
Net profit? +187.5%+28.5% 1,044813363
PAT margin % +3941 bps+1323 bps 69.1%55.9%29.7%
EPS (₹) +187.6%+28.5% 73.1356.9125.43

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹1,043 Cr: core business ₹696 Cr, other income ₹346 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +183.3% · reported profit +187.5%

Cash & debt

FY26 cash from operations ₹2,854 Cr: 97% of FY26 net profit of ₹2,942 Cr.

Borrowings ₹1,087 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,060₹1,511 +42.5% above
Net profit₹296₹1,044 +252.8% above
📊 Investor presentation (04 Aug) Detailed financials →

Kaynes Technology India Limited

KAYNES · Electronic Components · Q4 FY26 · Consolidated
M Cap
₹21,660 Cr
P/E
62.7
PEG
1.10
  • Profit -46% below its own trend
  • Operating margin contracted 144 bps YoY
  • 29% 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 +26.3%+54.6% 1,243804984
Operating profit +15.6%+62.6% 194119168
OPM % -144 bps+77 bps 15.6%14.8%17.1%
Other income +105.2%-6.3% 42.044.820.5
Net profit? -21.7%+18.7% 91.076.6116
PAT margin % -448 bps-221 bps 7.3%9.5%11.8%
EPS (₹) -24.9%+20.0% 13.6111.3418.12

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹140 Cr: core business ₹99.0 Cr, other income ₹42.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -18.5% · reported profit -21.7%

Cash & debt

FY26 cash from operations −₹600 Cr: -165% of FY26 net profit of ₹364 Cr.

Borrowings ₹913 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,419₹1,243 -12.4% below
Net profit₹168₹91.0 -45.9% below
📊 Investor presentation (07 Aug) Detailed financials →

Indraprastha Gas Limited

IGL · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹20,114 Cr
P/E
14.9
PEG
—
  • Profit -23% below its own trend
  • Operating margin contracted 132 bps YoY
  • 37% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -4.1%-7.3% 4,1634,4894,341
Operating profit -15.1%-10.6% 421471496
OPM % -132 bps-38 bps 10.1%10.5%11.4%
Other income -16.3%+86.2% 16689.2198
Net profit? -25.2%-13.5% 339392453
PAT margin % -230 bps-59 bps 8.1%8.7%10.4%
EPS (₹) -25.2%-13.5% 2.432.813.25

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹447 Cr: core business ₹280 Cr, other income ₹166 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -24.6% · reported profit -25.2%

Cash & debt

FY26 cash from operations ₹1,936 Cr: 125% of FY26 net profit of ₹1,544 Cr.

Borrowings ₹98.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,737₹4,163 -12.1% below
Net profit₹439₹339 -22.8% below
Detailed financials →

Cemindia Projects Limited

CEMPRO · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹19,934 Cr
P/E
33.1
PEG
—
  • Profit +61% above its own trend
  • Operating margin expanded 158 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +76%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +19.9%+28.4% 2,9732,3152,480
Operating profit +38.0%+61.3% 358222259
OPM % +158 bps+245 bps 12.0%9.6%10.5%
Other income +847.5%+300.0% 92.023.09.7
Net profit? +112.4%+118.0% 242111114
PAT margin % +355 bps+335 bps 8.1%4.8%4.6%
EPS (₹) +113.3%+118.3% 14.106.466.61

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹350 Cr: core business ₹258 Cr, other income ₹92.0 Cr.

Core profit YoY: +75.6% · reported profit +112.4%

Against its own trend ?

TrendActualGap
Sales₹2,681₹2,973 +10.9% above
Net profit₹151₹242 +60.7% above
📊 Investor presentation (20 Aug) Detailed financials →

Shilpa Medicare Limited

SHILPAMED · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹19,830 Cr
P/E
66.7
PEG
0.61
  • Profit +431% above its own trend
  • Operating margin expanded 425 bps YoY
  • 38% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +124%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +32.1%+6.7% 437410331
Operating profit +56.3%+5.0% 12011476.8
OPM % +425 bps-44 bps 27.5%27.9%23.2%
Other income +494.2%— 45.00.87.6
Net profit? +644.5%+142.2% 10844.614.5
PAT margin % +2033 bps+1383 bps 24.7%10.9%4.4%
EPS (₹) +644.6%+133.5% 5.512.36adj. 0.74

EPS restated for the 1:1 bonus of Oct 2025: Mar 2025 ₹1.48 to ₹0.74.

Quality of profit

Core 62%Other income & one-offs 38%

Pre-tax profit ₹120 Cr: core business ₹75.0 Cr, other income ₹45.0 Cr.

Core profit YoY: +124.0% · reported profit +644.5%

Cash & debt

FY26 cash from operations ₹342 Cr: 140% of FY26 net profit of ₹243 Cr.

Borrowings ₹660 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹400₹437 +9.4% above
Net profit₹20.3₹108 +430.8% above
📊 Investor presentation (05 Aug) Detailed financials →

Azad Engineering Limited

AZAD · Engineering & Capital Goods · Q4 FY26 · Consolidated
M Cap
₹19,170 Cr
P/E
137.4
PEG
0.92
  • Operating margin expanded 143 bps YoY
  • 33% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +3%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +27.6%+2.1% 162159127
Operating profit +32.6%-2.0% 61.062.246.0
OPM % +143 bps-154 bps 37.7%39.2%36.2%
Other income +466.7%+108.9% 17.08.13.0
Net profit? +48.0%+6.6% 37.034.725.0
PAT margin % +315 bps+97 bps 22.8%21.9%19.7%
EPS (₹) +42.5%+4.3% 5.575.343.91

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹51.0 Cr: core business ₹34.0 Cr, other income ₹17.0 Cr.

Core profit YoY: +3.0% · reported profit +48.0%

Cash & debt

FY26 cash from operations −₹119 Cr: -89% of FY26 net profit of ₹134 Cr.

Borrowings ₹474 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹170₹162 -4.9% in line
Net profit₹40.4₹37.0 -8.3% in line
📊 Investor presentation (07 Aug) Detailed financials →

The Ramco Cements Limited

RAMCOCEM · Cement · Q4 FY26 · Consolidated
M Cap
₹19,018 Cr
P/E
29.5
PEG
—
  • Profit +175% above its own trend
  • 49% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +283%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +8.9%+23.9% 2,6102,1062,397
Operating profit +16.3%+32.5% 371280319
OPM % +91 bps+92 bps 14.2%13.3%13.3%
Other income +273.9%-82.7% 86.049623.0
Net profit? +450.9%-60.8% 15138627.4
PAT margin % +464 bps-1252 bps 5.8%18.3%1.1%
EPS (₹) +450.0%-60.9% 6.3816.311.16

Quality of profit

Core 51%Other income & one-offs 49%

Pre-tax profit ₹173 Cr: core business ₹88.0 Cr, other income ₹86.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +282.6% · reported profit +450.9%

Cash & debt

FY26 cash from operations ₹1,611 Cr: 230% of FY26 net profit of ₹699 Cr.

Borrowings ₹3,871 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,460₹2,610 +6.1% above
Net profit₹54.8₹151 +175.4% above
Detailed financials →

Brigade Enterprises Limited

BRIGADE · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹18,852 Cr
P/E
24.0
PEG
0.69
  • Profit -42% below its own trend
  • Operating margin expanded 173 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +10%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -0.2%-7.4% 1,4581,5751,460
Operating profit +7.2%+10.3% 365331340
OPM % +173 bps+403 bps 25.0%21.0%23.3%
Other income +0.1%+50.7% 72.047.871.9
Net profit? -23.3%-7.3% 191206249
PAT margin % -395 bps+2 bps 13.1%13.1%17.1%
EPS (₹) -21.5%— 5.957.63adj. 7.58

EPS restated for the 1:3 bonus of Jun 2026: Mar 2025 ₹10.10 to ₹7.58. No EPS growth against Dec 2025: 1:3 bonus in Jun 2026.

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹245 Cr: core business ₹173 Cr, other income ₹72.0 Cr.

Core profit YoY: +9.7% · reported profit -23.3%

Cash & debt

FY26 cash from operations −₹137 Cr: -19% of FY26 net profit of ₹725 Cr.

Borrowings ₹6,344 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,654₹1,458 -11.8% below
Net profit₹331₹191 -42.3% below
📊 Investor presentation (13 Aug) Detailed financials →

Pine Labs Limited

PINELABS · Fintech · Q4 FY26 · Consolidated
M Cap
₹18,810 Cr
P/E
148.1
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 561 bps YoY
  • 74% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +17.0%-5.8% 701744599
Operating profit +86.0%-19.7% 10613257.0
OPM % +561 bps-262 bps 15.1%17.7%9.5%
Other income +316.7%+117.4% 50.023.012.0
Net profit? from loss+40.5% 59.042.0-29.0
PAT margin % +1326 bps+277 bps 8.4%5.6%-4.8%
EPS (₹) from loss+40.5% 0.520.37-0.34

Quality of profit

Core 26%Other income & one-offs 74%

Pre-tax profit ₹68.0 Cr: core business ₹18.0 Cr, other income ₹50.0 Cr.

Core profit YoY: from loss

📊 Investor presentation (28 Jul) Detailed financials →

SIGMA ADVANCED SYSTEMS LIMITED

SIGMAADV · Aerospace & Defence · Q4 FY26 · Consolidated
M Cap
₹18,265 Cr
P/E
109.8
PEG
—
  • 71% of pre-tax profit came from other income and one-off items
₹ CrQoQ Mar 2026Dec 2025
Sales +121.7% 323146
Operating profit +716.5% 55.06.7
OPM % +1240 bps 17.0%4.6%
Other income +549.2% 89.013.7
Net profit? from loss 128-1.0
PAT margin % +4033 bps 39.6%-0.7%
EPS (₹) from loss 7.29-0.14

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹127 Cr: core business ₹37.0 Cr, other income ₹89.0 Cr, exceptional & other items ₹1.0 Cr.

Detailed financials →

CESC Limited

CESC · Power Generation & Utilities · Q4 FY26 · Consolidated
M Cap
₹18,064 Cr
P/E
12.6
PEG
2.11
  • Profit +13% above its own trend
  • Operating margin contracted 280 bps YoY
  • 81% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -29%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +5.6%+2.3% 4,0964,0053,877
Operating profit -8.5%-4.6% 743779812
OPM % -280 bps-131 bps 18.1%19.5%20.9%
Other income +81.2%+106.6% 531257293
Net profit? +19.2%+51.0% 459304385
PAT margin % +128 bps+362 bps 11.2%7.6%9.9%
EPS (₹) +17.8%+54.0% 3.312.152.81

Quality of profit

Core 19%Other income & one-offs 81%

Pre-tax profit ₹653 Cr: core business ₹122 Cr, other income ₹531 Cr.

Core profit YoY: -29.5% · reported profit +19.2%

Cash & debt

FY26 cash from operations ₹4,057 Cr: 252% of FY26 net profit of ₹1,612 Cr.

Borrowings ₹21,671 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,399₹4,096 -6.9% below
Net profit₹408₹459 +12.5% above
📊 Investor presentation (18 Sep) Detailed financials →

Ratnamani Metals & Tubes Limited

RATNAMANI · Iron & Steel · Q4 FY26 · Consolidated
M Cap
₹17,853 Cr
P/E
33.4
PEG
—
  • Profit -49% below its own trend
  • Operating margin contracted 342 bps YoY
  • 27% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -36.7%+1.8% 1,0851,0661,715
Operating profit -49.0%-24.9% 154205302
OPM % -342 bps-504 bps 14.2%19.2%17.6%
Other income +355.6%+177.4% 41.014.89.0
Net profit? -42.9%-14.1% 116135203
PAT margin % -115 bps-197 bps 10.7%12.7%11.8%
EPS (₹) -49.5%-4.7% 14.9315.6729.55

Quality of profit

Core 73%Other income & one-offs 27%

Pre-tax profit ₹154 Cr: core business ₹113 Cr, other income ₹41.0 Cr.

Core profit YoY: -57.5% · reported profit -42.9%

Cash & debt

FY26 cash from operations ₹936 Cr: 175% of FY26 net profit of ₹534 Cr.

Borrowings ₹318 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,818₹1,085 -40.3% below
Net profit₹228₹116 -49.2% below
📊 Investor presentation (07 Aug) Detailed financials →

Atul Limited

ATUL · Chemicals · Q4 FY26 · Consolidated
M Cap
₹17,602 Cr
P/E
21.7
PEG
2.41
  • Profit +20% above its own trend
  • Operating margin expanded 401 bps YoY
  • 31% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +100%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +15.0%+6.1% 1,6701,5741,452
Operating profit +51.0%+13.8% 281247186
OPM % +401 bps+113 bps 16.8%15.7%12.8%
Other income +84.0%+130.0% 92.040.050.0
Net profit? +62.1%+29.0% 211164130
PAT margin % +367 bps+224 bps 12.6%10.4%9.0%
EPS (₹) +66.1%+30.7% 71.3854.6042.97

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹289 Cr: core business ₹198 Cr, other income ₹92.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +99.8% · reported profit +62.1%

Cash & debt

FY26 cash from operations ₹1,023 Cr: 148% of FY26 net profit of ₹689 Cr.

Borrowings ₹183 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,620₹1,670 +3.1% in line
Net profit₹176₹211 +19.9% above
Detailed financials →

Shadowfax Technologies Limited

SHADOWFAX · Logistics · Q4 FY26 · Consolidated
M Cap
₹17,260 Cr
P/E
—
PEG
—
  • 28% of pre-tax profit came from other income and one-off items
₹ CrQoQ Mar 2026Dec 2025
Sales +6.7% 1,2371,160
Operating profit +22.0% 81.066.5
OPM % +82 bps 6.6%5.7%
Other income +139.4% 15.56.5
Net profit? +60.2% 55.834.9
PAT margin % +151 bps 4.5%3.0%
EPS (₹) +37.7% 0.950.69

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹54.9 Cr: core business ₹39.3 Cr, other income ₹15.5 Cr.

📊 Investor presentation (31 Jul) Detailed financials →

LMW Limited

LMW · Engineering & Capital Goods · Q4 FY26 · Consolidated
M Cap
₹17,117 Cr
P/E
97.8
PEG
—
  • Profit +52% above its own trend
  • 49% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +16.1%+23.0% 933758804
Operating profit +20.8%+68.1% 70.041.658.0
OPM % +29 bps+201 bps 7.5%5.5%7.2%
Other income +16.6%+28.1% 38.029.732.6
Net profit? +33.8%+336.6% 64.014.747.8
PAT margin % +91 bps+493 bps 6.9%1.9%6.0%
EPS (₹) +33.2%+334.5% 59.6213.7244.76

Quality of profit

Core 51%Other income & one-offs 49%

Pre-tax profit ₹78.0 Cr: core business ₹40.0 Cr, other income ₹38.0 Cr.

Core profit YoY: +39.1% · reported profit +33.8%

Cash & debt

FY26 cash from operations ₹177 Cr: 136% of FY26 net profit of ₹131 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹812₹933 +14.9% above
Net profit₹42.0₹64.0 +52.3% above
Detailed financials →

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.

Results calendarWho reports results today, tomorrow and this week. Strong quarterly resultsCompanies whose latest quarter showed profit up 30% or more. Live announcementsEvery NSE/BSE filing with an AI read, as it arrives. Company fundamentalsTen years of quarterly and annual financials.
⚠️ 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