Home › Quarterly results › Q4 FY26
Q4 FY26 quarterly results (January-March 2026)
5,115 companies have declared Q4 FY26 results so far, the latest on 12 Oct 2026.
Across the 4,645 non-financial companies with a year-ago quarter to compare, sales grew +12.4% and net profit +34.1% year on year, and the combined operating margin widened 10 bps to 14.3%.
For the 120 banks and lenders, net interest income grew +9.1% and net profit +11.1%.
55% of companies grew net profit; 472 turned a loss into a profit; 38% beat their own profit trend and 48% fell short of it.
5115 declared
Latest results
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The next results season has started: 45 companies have filed results for the quarter ended 30 Sep 2026.
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Sales growth
+12.4%
YoY, 4645 companies combined; median +11.7%
Net profit growth
+34.1%
YoY combined; median +16.1%
Operating margin
14.3%
+10 bps YoY
Grew profit
55%
472 turnarounds, 495 into loss
Vs own profit trend
38% / 48%
above / below, 14% in line
Banks: NII growth
+9.1%
120 lenders; profit +11.1%
Price since results
-3.9%
median; 31% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
Latest Q4 FY26 results 5115
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M Cap ₹4,869 Cr
P/E 219.0
PEG 3.48
Profit +138% above its own trend 35% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -1%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.2% +14.8%
238 207 237 Operating profit
-3.5% —
27.0 1.6 28.0 OPM %
-44 bps +1059 bps
11.3% 0.8% 11.8% Other income
+105.3% +42.6%
8.0 5.6 3.9 Net profit?
+25.4% from loss 24.0 -12.1 19.1 PAT margin %
+203 bps +1594 bps
10.1% -5.9% 8.1% EPS (₹)
+6.8% from loss 4.69 -2.49 4.39
Quality of profit
Pre-tax profit ₹23.0 Cr: core business ₹15.0 Cr, other income ₹8.0 Cr.
Core profit YoY: -1.3%
· reported profit +25.4%
Cash & debt
FY26 cash from operations ₹101 Cr:
454% of FY26 net profit of ₹22.2 Cr.
Borrowings ₹363 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹217 ₹238
+9.9% above Net profit ₹10.1 ₹24.0
+137.6% above
M Cap ₹4,855 Cr
P/E 101.0
PEG —
Operating margin expanded 108 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+15.8% +2.3%
44.0 43.0 38.0 Operating profit
+18.8% -9.5%
19.0 21.0 16.0 OPM %
+108 bps -566 bps
43.2% 48.8% 42.1% Other income
+0.0% —
1.0 0.0 1.0 Net profit
-8.3% -8.3%
11.0 12.0 12.0 PAT margin %
-658 bps -291 bps
25.0% 27.9% 31.6% EPS (₹)
-9.1% -12.3%
1.00 1.14 1.10
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹13.0 Cr, other income ₹1.0 Cr.
Core profit YoY: -13.3%
· reported profit -8.3%
Against its own trend ?
Trend Actual Gap
Sales ₹38.0 ₹44.0
+15.9% above Net profit ₹10.0 ₹11.0
+9.6% in line
M Cap ₹4,852 Cr
P/E 46.9
PEG 1.14
Operating margin expanded 368 bps YoY Core business grew faster than reported profit (core profit +102%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.3% +2.4%
279 272 240 Operating profit
+44.9% +16.7%
52.0 44.6 35.9 OPM %
+368 bps +227 bps
18.6% 16.4% 15.0% Other income
-35.2% +7.2%
8.0 7.5 12.3 Net profit?
+30.9% +34.9%
30.0 22.2 22.9 PAT margin %
+120 bps +259 bps
10.8% 8.2% 9.6% EPS (₹)
+29.3% +34.8%
1.90 1.41 1.47
Quality of profit
Pre-tax profit ₹40.0 Cr: core business ₹33.0 Cr, other income ₹8.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +102.2%
· reported profit +30.9%
Cash & debt
FY26 cash from operations ₹132 Cr:
128% of FY26 net profit of ₹103 Cr.
Borrowings ₹262 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹274 ₹279
+2.0% in line Net profit ₹30.2 ₹30.0
-0.8% in line
Into loss: a profit a year ago Operating margin contracted 932 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-5.3% +12.1%
2,548 2,273 2,691 Operating profit
-86.7% -84.5%
38.7 249 292 OPM %
-932 bps -943 bps
1.5% 10.9% 10.8% Other income
+1.5% +132.1%
62.2 26.8 61.3 Net profit?
to loss loss widened -121 -38.1 93.1 PAT margin %
-822 bps -309 bps
-4.8% -1.7% 3.5% EPS (₹)
to loss loss widened -0.57 -0.18 0.43
Quality of profit
Pre-tax profit −₹153 Cr: core business −₹215 Cr, other income ₹62.2 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations −₹122 Cr.
Borrowings ₹7,174 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,248 ₹2,548
+13.4% above
M Cap ₹4,834 Cr
P/E 11.0
PEG —
Operating margin expanded 377 bps YoY Core business grew faster than reported profit (core profit +253%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+38.4% +16.3%
685 589 495 Operating profit
+92.2% +80.8%
92.3 51.0 48.0 OPM %
+377 bps +480 bps
13.5% 8.7% 9.7% Other income
+29.5% +161.8%
3.9 1.5 3.0 Net profit?
+213.6% +118.8%
53.3 24.4 17.0 PAT margin %
+434 bps +364 bps
7.8% 4.1% 3.4% EPS (₹)
+162.3% +118.1%
1.81 0.83 0.69
Quality of profit
Pre-tax profit ₹70.9 Cr: core business ₹70.5 Cr, other income ₹3.9 Cr, exceptional & other items −₹3.5 Cr.
Core profit YoY: +252.6%
· reported profit +213.6%
M Cap ₹4,814 Cr
P/E 15.0
PEG 0.50
Profit +32% above its own trend Operating margin contracted 281 bps YoY 31% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +9%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+114.5% +4.6%
2,490 2,381 1,161 Operating profit
+21.3% -5.2%
91.0 96.0 75.0 OPM %
-281 bps -38 bps
3.7% 4.0% 6.5% Other income
+4.2% +66.7%
25.0 15.0 24.0 Net profit?
+61.8% +11.2%
89.0 80.0 55.0 PAT margin %
-116 bps +21 bps
3.6% 3.4% 4.7% EPS (₹)
+64.3% +9.5%
0.23 0.21 0.14
Quality of profit
Pre-tax profit ₹85.0 Cr: core business ₹59.0 Cr, other income ₹25.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +9.3%
· reported profit +61.8%
Cash & debt
FY26 cash from operations ₹537 Cr:
182% of FY26 net profit of ₹295 Cr.
Borrowings ₹430 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,119 ₹2,490
+17.5% above Net profit ₹67.3 ₹89.0
+32.3% above
M Cap ₹4,814 Cr
P/E 21.6
PEG —
Profit +90% above its own trend Operating margin expanded 181 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
+10.8% +2.7%
604 588 545 Operating profit
+23.8% -2.8%
104 107 84.0 OPM %
+181 bps -98 bps
17.2% 18.2% 15.4% Other income
+50.0% from loss 21.0 -6.0 14.0 Net profit?
+79.4% +52.5%
61.0 40.0 34.0 PAT margin %
+386 bps +330 bps
10.1% 6.8% 6.2% EPS (₹)
+80.3% +51.7%
4.02 2.65 2.23
Quality of profit
Pre-tax profit ₹80.0 Cr: core business ₹59.0 Cr, other income ₹21.0 Cr.
Core profit YoY: +63.9%
· reported profit +79.4%
Cash & debt
FY26 cash from operations ₹261 Cr:
123% of FY26 net profit of ₹212 Cr.
Borrowings ₹1,487 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹625 ₹604
-3.3% in line Net profit ₹32.1 ₹61.0
+89.9% above
M Cap ₹4,809 Cr
P/E 29.9
PEG 0.20
Profit +92% above its own trend Operating margin expanded 108 bps YoY Core business grew faster than reported profit (core profit +193%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+12.3% +6.1%
1,498 1,413 1,334 Operating profit
+41.1% +3.3%
79.0 76.4 56.0 OPM %
+108 bps -14 bps
5.3% 5.4% 4.2% Other income
+18.2% +80.8%
13.0 7.2 11.0 Net profit?
+126.3% +79.6%
43.0 23.9 19.0 PAT margin %
+145 bps +118 bps
2.9% 1.7% 1.4% EPS (₹)
+126.0% +78.2%
10.53 5.91 4.66
Quality of profit
Pre-tax profit ₹56.0 Cr: core business ₹44.0 Cr, other income ₹13.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +193.3%
· reported profit +126.3%
Cash & debt
FY26 cash from operations ₹299 Cr:
208% of FY26 net profit of ₹144 Cr.
Borrowings ₹156 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,492 ₹1,498
+0.4% in line Net profit ₹22.4 ₹43.0
+92.3% above
₹ Cr
Mar 2026
Sales
335 Operating profit
32.0 OPM %
9.6% Other income
2.0 Net profit
20.0 PAT margin %
6.0% EPS (₹)
3.42
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 ₹27.0 Cr: core business ₹24.0 Cr, other income ₹2.0 Cr, exceptional & other items ₹1.0 Cr.
Profit +89% above its own trend Operating margin expanded 235 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+35.5% +6.8%
202 189 149 Operating profit
+53.1% -1.6%
41.3 42.0 27.0 OPM %
+235 bps -175 bps
20.5% 22.2% 18.1% Other income
+108.8% from loss 8.4 -12.0 4.0 Net profit?
+52.2% +123.2%
33.5 15.0 22.0 PAT margin %
+182 bps +865 bps
16.6% 7.9% 14.8% EPS (₹)
+32.2% +168.3%
44.86 16.72 33.93
Quality of profit
Pre-tax profit ₹43.6 Cr: core business ₹33.1 Cr, other income ₹8.4 Cr, exceptional & other items ₹2.2 Cr.
Core profit YoY: +32.3%
· reported profit +52.2%
Cash & debt
Borrowings ₹3.0 Cr at Dec 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹183 ₹202
+10.1% above Net profit ₹17.7 ₹33.5
+88.9% above
M Cap ₹4,776 Cr
P/E 28.9
PEG 0.29
Profit -23% below its own trend Operating margin expanded 213 bps YoY Core business grew faster than reported profit (core profit +33%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.4% +2.0%
301 295 278 Operating profit
+13.9% +3.9%
133 128 117 OPM %
+213 bps +80 bps
44.2% 43.4% 42.1% Other income
to loss to loss -18.0 6.0 9.4 Net profit?
-9.0% -23.1%
50.0 65.0 55.0 PAT margin %
-319 bps -542 bps
16.6% 22.0% 19.8% EPS (₹)
-8.5% -23.1%
2.26 2.94 2.47
Quality of profit
Pre-tax profit ₹67.0 Cr: core business ₹85.0 Cr, other income −₹18.0 Cr.
Core profit YoY: +32.7%
· reported profit -9.0%
Cash & debt
FY26 cash from operations ₹394 Cr:
280% of FY26 net profit of ₹141 Cr.
Borrowings ₹1,194 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹310 ₹301
-3.0% in line Net profit ₹64.6 ₹50.0
-22.6% below
M Cap ₹4,771 Cr
P/E 20.4
PEG —
Profit +34% above its own trend Operating margin expanded 431 bps YoY 30% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +43%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+33.7% +35.2%
119 88.0 89.0 Operating profit
+43.4% +52.0%
76.0 50.0 53.0 OPM %
+431 bps +705 bps
63.9% 56.8% 59.6% Other income
+146.2% +77.8%
32.0 18.0 13.0 Net profit?
+2.0% +49.9%
77.0 51.4 75.5 PAT margin %
-2014 bps +633 bps
64.7% 58.4% 84.8% EPS (₹)
+2.2% +50.3%
10.97 7.30 10.73
Quality of profit
Pre-tax profit ₹105 Cr: core business ₹73.0 Cr, other income ₹32.0 Cr.
Core profit YoY: +43.1%
· reported profit +2.0%
Cash & debt
FY26 cash from operations −₹28.0 Cr:
-13% of FY26 net profit of ₹218 Cr.
Borrowings ₹145 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹90.4 ₹119
+31.7% above Net profit ₹57.6 ₹77.0
+33.6% above
M Cap ₹4,761 Cr
P/E 15.7
PEG 5.22
Profit -24% below its own trend Operating margin contracted 103 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+2.5% +27.6%
444 348 433 Operating profit
-0.7% +43.3%
139 97.0 140 OPM %
-103 bps +343 bps
31.3% 27.9% 32.3% Other income
-8.0% +35.3%
23.0 17.0 25.0 Net profit
-19.8% +75.5%
93.0 53.0 116 PAT margin %
-584 bps +572 bps
20.9% 15.2% 26.8% EPS (₹)
-19.9% +75.0%
4.55 2.60 5.68
Quality of profit
Pre-tax profit ₹114 Cr: core business ₹91.0 Cr, other income ₹23.0 Cr.
Core profit YoY: -9.9%
· reported profit -19.8%
Cash & debt
FY26 cash from operations ₹157 Cr:
59% of FY26 net profit of ₹268 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹431 ₹444
+3.1% in line Net profit ₹122 ₹93.0
-23.7% below
M Cap ₹4,759 Cr
P/E 48.8
PEG —
Profit -59% below its own trend Operating margin contracted 797 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.4% +17.5%
863 734 835 Operating profit
-76.7% -66.2%
20.0 59.2 85.8 OPM %
-797 bps -575 bps
2.3% 8.1% 10.3% Other income
+189.8% +273.3%
43.0 11.5 14.8 Net profit?
-62.0% +16.7%
24.0 20.6 63.2 PAT margin %
-480 bps -2 bps
2.8% 2.8% 7.6% EPS (₹)
-69.1% -3.6%
1.65 1.71 5.34
Quality of profit
Pre-tax profit ₹32.0 Cr: core business −₹11.0 Cr, other income ₹43.0 Cr.
Core profit YoY: to loss
· reported profit -62.0%
Cash & debt
FY26 cash from operations −₹28.0 Cr:
-20% of FY26 net profit of ₹143 Cr.
Borrowings ₹482 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹889 ₹863
-3.0% in line Net profit ₹58.8 ₹24.0
-59.2% below
M Cap ₹4,722 Cr
P/E 24.7
PEG —
Profit -23% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-8.8% -6.1%
985 1,050 1,080 Operating profit
+2.2% -19.0%
72.8 89.8 71.2 OPM %
+79 bps -117 bps
7.4% 8.6% 6.6% Other income
-53.7% -40.4%
4.8 8.1 10.4 Net profit?
-2.5% -27.1%
40.1 55.0 41.1 PAT margin %
+26 bps -117 bps
4.1% 5.2% 3.8% EPS (₹)
-3.2% -27.4%
0.90 1.24 0.93
Quality of profit
Pre-tax profit ₹53.3 Cr: core business ₹48.5 Cr, other income ₹4.8 Cr.
Core profit YoY: +7.8%
· reported profit -2.5%
Cash & debt
FY26 cash from operations ₹246 Cr:
134% of FY26 net profit of ₹183 Cr.
Borrowings ₹150 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,075 ₹985
-8.3% below Net profit ₹51.8 ₹40.1
-22.6% below
M Cap ₹4,717 Cr
P/E 39.2
PEG —
Profit -81% below its own trend Operating margin contracted 525 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-12.2% +1.4%
1,493 1,472 1,701 Operating profit
-61.3% +82.4%
62.0 34.0 160 OPM %
-525 bps +184 bps
4.2% 2.3% 9.4% Other income
-5.1% +131.2%
37.0 16.0 39.0 Net profit?
-90.5% from loss 16.0 -22.0 168 PAT margin %
-880 bps +257 bps
1.1% -1.5% 9.9% EPS (₹)
-90.4% from loss 0.26 -0.35 2.72
Quality of profit
Pre-tax profit ₹23.0 Cr: core business −₹14.0 Cr, other income ₹37.0 Cr.
Core profit YoY: loss narrowed
· reported profit -90.5%
Cash & debt
FY26 cash from operations ₹1,147 Cr:
712% of FY26 net profit of ₹161 Cr.
Borrowings ₹1,561 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,362 ₹1,493
+9.6% above Net profit ₹84.5 ₹16.0
-81.1% below
M Cap ₹4,712 Cr
P/E 31.2
PEG 1.64
Profit +19% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+36.9% -3.6%
575 597 420 Operating profit
+32.8% +2.6%
85.0 82.8 64.0 OPM %
-46 bps +90 bps
14.8% 13.9% 15.2% Other income
-9.1% -45.9%
10.0 18.5 11.0 Net profit?
+9.4% -8.6%
35.0 38.3 32.0 PAT margin %
-153 bps -33 bps
6.1% 6.4% 7.6% EPS (₹)
+24.7% +10.1%
20.58 18.69 16.51
Quality of profit
Pre-tax profit ₹50.0 Cr: core business ₹40.0 Cr, other income ₹10.0 Cr.
Core profit YoY: +25.0%
· reported profit +9.4%
Cash & debt
FY26 cash from operations ₹144 Cr:
106% of FY26 net profit of ₹136 Cr.
Borrowings ₹512 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹537 ₹575
+7.1% above Net profit ₹29.4 ₹35.0
+19.1% above
₹ Cr YoY
Mar 2026 Mar 2025
Sales
+97.5%
1,106 560 Operating profit
+94.5%
123 63.0 OPM %
-17 bps
11.1% 11.2% Other income
+139.0%
2.4 1.0 Net profit?
+154.4%
63.6 25.0 PAT margin %
+129 bps
5.8% 4.5% EPS (₹)
+157.2%
26.05 10.13
Quality of profit
Pre-tax profit ₹85.2 Cr: core business ₹82.8 Cr, other income ₹2.4 Cr.
Core profit YoY: +151.0%
· reported profit +154.4%
Cash & debt
FY26 cash from operations ₹109 Cr.
Borrowings ₹214 Cr at Mar 2026.
M Cap ₹4,687 Cr
P/E 22.2
PEG 0.86
Profit +15% above its own trend Operating margin expanded 118 bps YoY Profit grew faster than the core business (core profit +23%) FY26 operating cash flow was only 14% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+18.1% -26.5%
235 320 199 Operating profit
+25.0% -29.3%
50.0 70.7 40.0 OPM %
+118 bps -84 bps
21.3% 22.1% 20.1% Other income
+200.0% -55.1%
9.0 20.0 3.0 Net profit?
+60.9% -45.9%
37.0 68.4 23.0 PAT margin %
+419 bps -565 bps
15.7% 21.4% 11.6% EPS (₹)
+52.8% -45.5%
3.30 6.06 2.16
Quality of profit
Pre-tax profit ₹51.0 Cr: core business ₹43.0 Cr, other income ₹9.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +22.9%
· reported profit +60.9%
Cash & debt
FY26 cash from operations ₹24.0 Cr:
14% of FY26 net profit of ₹171 Cr.
Borrowings ₹77.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹272 ₹235
-13.5% below Net profit ₹32.2 ₹37.0
+14.9% above
M Cap ₹4,684 Cr
P/E 401.3
PEG 15.44
Operating margin contracted 9512 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-86.5% -83.6%
87.0 529 645 Operating profit
to loss to loss -79.0 90.0 27.9 OPM %
-9512 bps -10782 bps
-90.8% 17.0% 4.3% Other income
+218.0% +628.6%
51.0 7.0 16.0 Net profit?
loss widened to loss -59.0 62.0 -1.5 PAT margin %
-6758 bps -7954 bps
-67.8% 11.7% -0.2% EPS (₹)
loss widened to loss -1.09 1.15 -0.04
Quality of profit
Pre-tax profit −₹59.0 Cr: core business −₹110 Cr, other income ₹51.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹939 Cr:
3516% of FY26 net profit of ₹26.7 Cr.
Borrowings ₹747 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,290 ₹87.0
-93.3% below
M Cap ₹4,681 Cr
P/E 22.2
PEG 0.10
Profit -53% below its own trend 72% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-10.1% -17.5%
1,771 2,146 1,969 Operating profit
-20.1% -31.6%
78.3 114 98.0 OPM %
-55 bps -91 bps
4.4% 5.3% 5.0% Other income
-30.5% -15.1%
34.8 40.9 50.0 Net profit?
-53.5% -32.6%
30.7 45.5 66.0 PAT margin %
-162 bps -39 bps
1.7% 2.1% 3.4% EPS (₹)
-39.4% -7.8%
0.83 0.90 1.37
Quality of profit
Pre-tax profit ₹46.1 Cr: core business ₹12.9 Cr, other income ₹34.8 Cr, exceptional & other items −₹1.5 Cr.
Core profit YoY: -66.1%
· reported profit -53.5%
Cash & debt
FY26 cash from operations ₹643 Cr:
291% of FY26 net profit of ₹221 Cr.
Borrowings ₹539 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,291 ₹1,771
-22.7% below Net profit ₹65.8 ₹30.7
-53.4% below
M Cap ₹4,676 Cr
P/E 25.1
PEG —
Profit +27% above its own trend 36% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -33%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-0.2% +10.9%
3,519 3,172 3,526 Operating profit
-13.9% +9.7%
120 109 139 OPM %
-54 bps -4 bps
3.4% 3.4% 4.0% Other income
+195.2% +517.9%
28.0 4.5 9.5 Net profit?
-3.4% +94.3%
72.0 37.0 74.6 PAT margin %
-7 bps +88 bps
2.0% 1.2% 2.1% EPS (₹)
+30.5% +149.6%
3.47 1.39 2.66
Quality of profit
Pre-tax profit ₹78.0 Cr: core business ₹50.0 Cr, other income ₹28.0 Cr.
Core profit YoY: -32.8%
· reported profit -3.4%
Cash & debt
FY26 cash from operations ₹781 Cr:
440% of FY26 net profit of ₹178 Cr.
Borrowings ₹1,264 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3,757 ₹3,519
-6.3% below Net profit ₹56.6 ₹72.0
+27.2% above
M Cap ₹4,663 Cr
P/E 11.5
PEG 0.55
Profit +294% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+22.7% +2.8%
745 725 607 Net interest income
+24.8% +2.7%
503 490 403 Other income
-25.0% -25.0%
3.0 4.0 4.0 Net profit?
+250.0% +30.4%
133 102 38.0 EPS (₹)
+250.4% +31.4%
8.20 6.24 2.34
Against its own trend ?
Trend Actual Gap
NII ₹448 ₹503
+12.3% above Net profit ₹33.8 ₹133
+293.8% above
M Cap ₹4,642 Cr
P/E 38.7
PEG —
Profit -87% below its own trend Operating margin expanded 116 bps YoY 32% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +35%) FY26 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+23.8% -1.7%
177 180 143 Operating profit
+32.0% -17.0%
33.0 39.8 25.0 OPM %
+116 bps -344 bps
18.6% 22.1% 17.5% Other income
-88.7% +281.2%
13.0 3.4 115 Net profit
-74.4% +35.6%
30.0 22.1 117 PAT margin %
-6487 bps +466 bps
16.9% 12.3% 81.8% EPS (₹)
-74.5% +35.1%
18.08 13.38 70.95
Quality of profit
Pre-tax profit ₹40.0 Cr: core business ₹27.0 Cr, other income ₹13.0 Cr.
Core profit YoY: +35.0%
· reported profit -74.4%
Cash & debt
FY26 cash from operations ₹0.0 Cr:
0% of FY26 net profit of ₹115 Cr.
Borrowings ₹20.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹150 ₹177
+18.0% above Net profit ₹234 ₹30.0
-87.2% below
M Cap ₹4,634 Cr
P/E 81.2
PEG —
Profit +109% above its own trend Operating margin contracted 123 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+30.7% +21.9%
246 202 188 Operating profit
+22.2% +33.3%
44.0 33.0 36.0 OPM %
-123 bps +154 bps
17.9% 16.4% 19.1% Other income
-100.0% —
0.0 0.0 1.0 Net profit?
+180.4% +200.0%
12.0 4.0 4.3 PAT margin %
+260 bps +290 bps
4.9% 2.0% 2.3% EPS (₹)
+143.9% +172.7%
10.17 3.73 4.17
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹16.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +100.0%
· reported profit +180.4%
Cash & debt
FY26 cash from operations ₹151 Cr:
604% of FY26 net profit of ₹25.0 Cr.
Borrowings ₹551 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹216 ₹246
+13.6% above Net profit ₹5.7 ₹12.0
+109.4% above
M Cap ₹4,606 Cr
P/E 21.3
PEG —
Profit -57% below its own trend Operating margin contracted 2319 bps YoY 78% 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
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-50.5% -4.9%
146 153 294 Operating profit
-82.2% -42.4%
19.0 33.0 106 OPM %
-2319 bps -851 bps
13.1% 21.6% 36.2% Other income
+14.9% -6.7%
42.0 45.0 36.5 Net profit?
-57.8% -21.2%
41.0 52.0 97.2 PAT margin %
-489 bps -581 bps
28.2% 34.0% 33.1% EPS (₹)
-48.3% -8.6%
1.06 1.16 2.05
Quality of profit
Pre-tax profit ₹54.8 Cr: core business ₹11.9 Cr, other income ₹42.0 Cr, exceptional & other items ₹0.9 Cr.
Core profit YoY: -87.9%
· reported profit -57.8%
Cash & debt
FY26 cash from operations −₹50.0 Cr:
-24% of FY26 net profit of ₹211 Cr.
Borrowings ₹64.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹188 ₹146
-22.4% below Net profit ₹95.2 ₹41.0
-56.9% below
M Cap ₹4,606 Cr
P/E 11.2
PEG 0.22
Operating margin contracted 863 bps YoY 60% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +136%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+254.8% +105.1%
1,969 960 555 Operating profit
+52.4% +12.3%
128 114 84.0 OPM %
-863 bps -537 bps
6.5% 11.9% 15.1% Other income
+57.1% +214.3%
88.0 28.0 56.0 Net profit?
+53.2% +59.2%
121 76.0 79.0 PAT margin %
-809 bps -177 bps
6.1% 7.9% 14.2% EPS (₹)
+28.1% +31.4%
11.59 8.82 9.05
Quality of profit
Pre-tax profit ₹147 Cr: core business ₹59.0 Cr, other income ₹88.0 Cr.
Core profit YoY: +136.0%
· reported profit +53.2%
Cash & debt
FY26 cash from operations ₹463 Cr:
111% of FY26 net profit of ₹417 Cr.
Borrowings ₹1,444 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹787 ₹1,969
+150.1% above Net profit ₹121 ₹121
-0.3% in line
M Cap ₹4,598 Cr
P/E 21.2
PEG 2.12
Operating margin expanded 639 bps YoY Core business grew faster than reported profit (core profit +75%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.4% +1.7%
519 510 497 Operating profit
+48.9% +15.3%
111 96.2 74.5 OPM %
+639 bps +252 bps
21.4% 18.9% 15.0% Other income
to loss to loss -9.0 12.5 8.1 Net profit?
+0.3% +23.8%
45.0 36.3 44.9 PAT margin %
-36 bps +155 bps
8.7% 7.1% 9.0% EPS (₹)
-1.6% +21.4%
7.48 6.16 7.60
Quality of profit
Pre-tax profit ₹74.0 Cr: core business ₹83.0 Cr, other income −₹9.0 Cr.
Core profit YoY: +74.6%
· reported profit +0.3%
Cash & debt
FY26 cash from operations ₹324 Cr:
166% of FY26 net profit of ₹195 Cr.
Borrowings ₹221 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹597 ₹519
-13.1% below Net profit ₹45.1 ₹45.0
-0.3% in line
M Cap ₹4,591 Cr
P/E 25.5
PEG 0.94
Operating margin expanded 384 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.1% +17.0%
131 112 110 Operating profit
+29.8% +52.5%
61.0 40.0 47.0 OPM %
+384 bps +1085 bps
46.6% 35.7% 42.7% Other income
+6.7% +23.1%
16.0 13.0 15.0 Net profit?
+23.3% +43.2%
53.0 37.0 43.0 PAT margin %
+137 bps +742 bps
40.5% 33.0% 39.1% EPS (₹)
+23.5% +47.0%
17.58 11.96 14.24
Quality of profit
Pre-tax profit ₹72.0 Cr: core business ₹56.0 Cr, other income ₹16.0 Cr.
Core profit YoY: +30.2%
· reported profit +23.3%
Cash & debt
FY26 cash from operations ₹148 Cr:
86% of FY26 net profit of ₹173 Cr.
Borrowings ₹26.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹130 ₹131
+1.1% in line Net profit ₹55.0 ₹53.0
-3.7% in line
M Cap ₹4,574 Cr
P/E 21.4
PEG 0.22
Profit +76% above its own trend Operating margin expanded 183 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-13.3% +12.0%
1,167 1,042 1,346 Operating profit
+8.6% +34.5%
106 78.8 97.6 OPM %
+183 bps +152 bps
9.1% 7.6% 7.2% Other income
-39.9% +31.9%
10.0 7.6 16.6 Net profit?
+48.1% +38.1%
58.0 42.0 39.2 PAT margin %
+206 bps +94 bps
5.0% 4.0% 2.9% EPS (₹)
+42.0% +35.2%
1.42 1.05 1.00
Quality of profit
Pre-tax profit ₹72.4 Cr: core business ₹71.7 Cr, other income ₹10.0 Cr, exceptional & other items −₹9.3 Cr.
Core profit YoY: +36.9%
· reported profit +48.1%
Cash & debt
FY26 cash from operations ₹363 Cr:
188% of FY26 net profit of ₹193 Cr.
Borrowings ₹895 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,317 ₹1,167
-11.4% below Net profit ₹33.0 ₹58.0
+75.8% above
How to read this page
The numbers. Each card is one company's Q4 FY26 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter,
before minority interest. A company's own headline, and the AI read of its filing, often quote the profit
attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's
Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that
attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two
are the same.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 13 Oct 2026, 23:30 IST
