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.
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
1375 matching results 1375
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521244
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -39% below its own trend All of pre-tax profit came from other income or one-off items FY26 operating cash flow was only 16% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+15.1% +3.8%
10.0 9.7 8.7 Operating profit
loss widened to loss -0.1 0.0 -0.1 OPM %
-0 bps -160 bps
-1.5% 0.1% -1.5% Other income
-19.8% +58.5%
0.7 0.4 0.8 Net profit?
-42.6% +21.9%
0.4 0.3 0.7 PAT margin %
-391 bps +58 bps
3.9% 3.3% 7.8% EPS (₹)
-42.7% +21.3%
1.14 0.94 1.99
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.2 Cr, other income ₹0.7 Cr.
Core profit YoY: loss widened
· reported profit -42.6%
Cash & debt
FY26 cash from operations ₹0.3 Cr:
16% of FY26 net profit of ₹1.8 Cr.
Borrowings ₹0.2 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹10.1 ₹10.0
-0.1% in line Net profit ₹0.6 ₹0.4
-38.8% below
522004
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -57% below its own trend 31% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.5% +1.1%
126 124 119 Operating profit
-7.8% -4.5%
6.8 7.1 7.3 OPM %
-78 bps -31 bps
5.4% 5.7% 6.2% Other income
+20.3% from loss 1.7 -6.1 1.4 Net profit?
-13.6% from loss 4.7 -1.8 5.5 PAT margin %
-83 bps +522 bps
3.7% -1.5% 4.6% EPS (₹)
-32.7% from loss 1.07 -0.52 1.59
Quality of profit
Pre-tax profit ₹5.5 Cr: core business ₹3.8 Cr, other income ₹1.7 Cr.
Core profit YoY: -20.8%
· reported profit -13.6%
Cash & debt
FY26 cash from operations ₹14.0 Cr:
214% of FY26 net profit of ₹6.5 Cr.
Borrowings ₹80.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹130 ₹126
-3.7% in line Net profit ₹10.9 ₹4.7
-56.8% below
522005
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +15% above its own trend Operating margin expanded 405 bps YoY 40% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.1% +7.9%
30.8 28.5 29.6 Operating profit
+239.6% -12.6%
1.8 2.1 0.5 OPM %
+405 bps -137 bps
5.8% 7.2% 1.8% Other income
-17.1% —
0.9 0.1 1.1 Net profit?
+34.8% +23.7%
1.2 1.0 0.9 PAT margin %
+89 bps +50 bps
3.9% 3.4% 3.0% EPS (₹)
+34.8% +23.7%
3.45 2.79 2.56
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹1.3 Cr, other income ₹0.9 Cr.
Core profit YoY: from loss
· reported profit +34.8%
Cash & debt
FY26 cash from operations ₹6.0 Cr:
124% of FY26 net profit of ₹4.8 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.7 ₹30.8
-8.7% below Net profit ₹1.0 ₹1.2
+14.8% above
522036
· 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
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— —
0.2 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.1 -0.2 OPM %
— —
-29.4% — — Other income
+166.7% —
0.1 0.0 0.0 Net profit
from loss from loss 0.0 -0.1 -0.2 PAT margin %
— —
17.6% — — EPS (₹)
from loss from loss 0.10 -0.50 -0.53
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 −₹0.7 Cr.
Borrowings ₹3.7 Cr at Mar 2026.
522091
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -82% below its own trend 38% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 2% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-32.9% -28.1%
5.9 8.3 8.8 Operating profit
-34.1% -33.5%
1.5 2.3 2.3 OPM %
-45 bps -206 bps
25.4% 27.5% 25.9% Other income
-20.0% -42.9%
0.2 0.3 0.2 Net profit
-63.3% -56.1%
0.4 0.8 1.0 PAT margin %
-501 bps -387 bps
6.1% 9.9% 11.1% EPS (₹)
-64.3% -58.3%
0.05 0.12 0.14
Quality of profit
Pre-tax profit ₹0.5 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.
Core profit YoY: -69.8%
· reported profit -63.3%
Cash & debt
FY26 cash from operations ₹0.1 Cr:
2% of FY26 net profit of ₹5.2 Cr.
Borrowings ₹32.7 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹11.9 ₹5.9
-50.1% below Net profit ₹2.0 ₹0.4
-81.6% below
522105
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -70% below its own trend Operating margin contracted 758 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
+22.2% +15.0%
66.2 57.5 54.2 Operating profit
-58.0% —
2.6 0.0 6.3 OPM %
-758 bps +396 bps
4.0% 0.0% 11.6% Other income
+340.0% +5.8%
4.2 4.0 0.9 Net profit?
-39.2% +47.7%
2.2 1.5 3.7 PAT margin %
-341 bps +75 bps
3.4% 2.6% 6.8% EPS (₹)
-41.1% +50.0%
0.33 0.22 0.56
Quality of profit
Pre-tax profit ₹3.9 Cr: core business −₹0.3 Cr, other income ₹4.2 Cr.
Core profit YoY: to loss
· reported profit -39.2%
Cash & debt
FY26 cash from operations ₹22.0 Cr:
195% of FY26 net profit of ₹11.3 Cr.
Borrowings ₹53.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹58.5 ₹66.2
+13.2% above Net profit ₹7.3 ₹2.2
-69.6% below
522122
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -31% below its own trend Operating margin contracted 568 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+1.4% +7.2%
53.2 49.7 52.5 Operating profit
-18.8% -14.5%
12.2 14.2 15.0 OPM %
-568 bps -578 bps
22.8% 28.6% 28.5% Other income
-8.5% +453.1%
3.5 0.6 3.9 Net profit
-19.3% +11.7%
9.2 8.2 11.3 PAT margin %
-440 bps +70 bps
17.2% 16.5% 21.6% EPS (₹)
-19.3% +11.7%
20.83 18.64 25.82
Quality of profit
Pre-tax profit ₹12.0 Cr: core business ₹8.5 Cr, other income ₹3.5 Cr.
Core profit YoY: -25.9%
· reported profit -19.3%
Cash & debt
FY26 cash from operations ₹42.0 Cr:
101% of FY26 net profit of ₹41.4 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹61.4 ₹53.2
-13.3% below Net profit ₹13.3 ₹9.2
-31.2% below
522165
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1805 bps YoY 78% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 33% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+17.7% +4.1%
37.8 36.3 32.1 Operating profit
from loss -70.7%
1.1 3.8 -4.9 OPM %
+1805 bps -745 bps
2.9% 10.4% -15.1% Other income
from loss +87.9%
1.2 0.7 -5.0 Net profit
from loss -71.9%
1.1 3.9 -25.2 PAT margin %
+8154 bps -781 bps
2.9% 10.7% -78.7% EPS (₹)
from loss -72.1%
0.39 1.40 -9.09
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹0.4 Cr, other income ₹1.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹5.0 Cr:
33% of FY26 net profit of ₹15.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹35.6 ₹37.8
+6.1% above
522231
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -56% below its own trend Operating margin contracted 401 bps YoY 29% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -61%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-28.7% +0.0%
15.6 15.6 21.9 Operating profit
-56.4% +3.2%
1.0 0.9 2.2 OPM %
-401 bps +19 bps
6.3% 6.1% 10.3% Other income
+13.3% +466.7%
0.3 0.1 0.3 Net profit
-11.2% +82.0%
1.1 0.6 1.2 PAT margin %
+140 bps +320 bps
7.1% 3.9% 5.7% EPS (₹)
-11.1% +82.5%
1.77 0.97 1.99
Quality of profit
Pre-tax profit ₹1.2 Cr: core business ₹0.8 Cr, other income ₹0.3 Cr.
Core profit YoY: -61.5%
· reported profit -11.2%
Cash & debt
FY26 cash from operations −₹1.5 Cr:
-39% of FY26 net profit of ₹3.7 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.1 ₹15.6
-52.8% below Net profit ₹2.5 ₹1.1
-55.6% below
522235
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 1470 bps YoY 62% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -80%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-20.8% +74.3%
15.2 8.7 19.2 Operating profit
-77.4% from loss 0.9 -1.2 3.9 OPM %
-1470 bps +1941 bps
5.9% -13.5% 20.6% Other income
from loss +250.0%
1.2 0.3 -0.2 Net profit?
-54.0% from loss 1.6 -1.0 3.5 PAT margin %
-774 bps +2222 bps
10.7% -11.5% 18.5% EPS (₹)
-60.0% from loss 0.02 -0.03 0.05
Quality of profit
Pre-tax profit ₹1.9 Cr: core business ₹0.7 Cr, other income ₹1.2 Cr.
Core profit YoY: -80.2%
· reported profit -54.0%
Cash & debt
FY26 cash from operations ₹7.4 Cr:
1237% of FY26 net profit of ₹0.6 Cr.
Borrowings ₹6.3 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹17.3 ₹15.2
-12.4% below
522251
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +55% above its own trend Operating margin contracted 311 bps YoY 26% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -12%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.7% +44.9%
23.1 15.9 20.7 Operating profit
-8.9% +161.5%
3.2 1.2 3.5 OPM %
-311 bps +616 bps
13.8% 7.7% 16.9% Other income
-1.0% +58.3%
0.9 0.6 1.0 Net profit
+27.7% +215.0%
3.4 1.1 2.6 PAT margin %
+183 bps +788 bps
14.6% 6.7% 12.8% EPS (₹)
+27.7% +215.7%
7.23 2.29 5.66
Quality of profit
Pre-tax profit ₹3.7 Cr: core business ₹2.8 Cr, other income ₹0.9 Cr.
Core profit YoY: -11.6%
· reported profit +27.7%
Cash & debt
FY26 cash from operations −₹1.2 Cr:
-15% of FY26 net profit of ₹7.9 Cr.
Borrowings ₹10.7 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹20.7 ₹23.1
+11.8% above Net profit ₹2.2 ₹3.4
+55.3% above
522292
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1520 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
-86.0% +13.4%
7.5 6.6 53.8 Operating profit
— from loss 1.1 -0.3 0.0 OPM %
+1520 bps +1949 bps
15.3% -4.2% 0.1% Other income
+181.3% +80.3%
2.1 1.2 0.8 Net profit
from loss from loss 1.2 -0.6 -0.7 PAT margin %
+1691 bps +2503 bps
15.5% -9.5% -1.4% EPS (₹)
from loss from loss 0.48 -0.33 -0.41
Quality of profit
Pre-tax profit ₹1.7 Cr: core business −₹0.4 Cr, other income ₹2.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
Borrowings ₹28.0 Cr at Sep 2025, against ₹29.0 Cr at Mar 2025 (-3% ).
Against its own trend ?
Trend Actual Gap
Sales ₹26.9 ₹7.5
-72.0% below
522294
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -94% below its own trend Operating margin expanded 1061 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
+55.7% +66.8%
41.7 25.0 26.8 Operating profit
loss narrowed to loss -3.5 2.7 -5.1 OPM %
+1061 bps -1891 bps
-8.3% 10.6% -18.9% Other income
-20.0% +425.3%
4.2 0.8 5.2 Net profit
-87.2% -98.0%
0.1 2.6 0.4 PAT margin %
-134 bps -1012 bps
0.1% 10.2% 1.5% EPS (₹)
-87.0% -98.0%
0.10 5.05 0.77
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹3.8 Cr, other income ₹4.2 Cr.
Core profit YoY: loss narrowed
· reported profit -87.2%
Cash & debt
FY26 cash from operations ₹19.0 Cr:
273% of FY26 net profit of ₹7.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹32.1 ₹41.7
+29.9% above Net profit ₹0.8 ₹0.1
-93.6% below
523007
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Into loss: a profit a year ago Operating margin contracted 2756 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
-13.8% +685.6%
13.1 1.7 15.2 Operating profit
-85.7% from loss 0.7 -4.4 5.0 OPM %
-2756 bps —
5.5% — 33.0% Other income
-8.0% +92.8%
1.6 0.8 1.7 Net profit?
to loss loss narrowed -1.5 -3.6 4.5 PAT margin %
-4127 bps —
-11.5% — 29.8% EPS (₹)
to loss loss narrowed -2.05 -4.90 6.14
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹1.5 Cr, other income ₹1.6 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹1.2 Cr:
146% of FY26 net profit of ₹0.8 Cr.
Borrowings ₹49.3 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹24.6 ₹13.1
-46.7% below
523019
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +999% above its own trend Operating margin expanded 1963 bps YoY 69% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+77.4% -3.4%
14.8 15.4 8.4 Operating profit
from loss -27.0%
1.5 2.0 -0.8 OPM %
+1963 bps -318 bps
9.8% 13.0% -9.8% Other income
+27.6% +3.4%
2.5 2.4 1.9 Net profit?
+608.1% -12.7%
2.6 3.0 0.4 PAT margin %
+1322 bps -188 bps
17.6% 19.5% 4.4% EPS (₹)
+600.0% -12.5%
0.63 0.72 0.09
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹1.1 Cr, other income ₹2.5 Cr.
Core profit YoY: from loss
· reported profit +608.1%
Cash & debt
FY26 cash from operations ₹10.5 Cr:
112% of FY26 net profit of ₹9.4 Cr.
Borrowings ₹0.1 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹7.2 ₹14.8
+105.5% above Net profit ₹0.2 ₹2.6
+999.0% above
523100
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 964 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
+39.6% +41.8%
27.2 19.2 19.5 Operating profit
from loss —
2.5 0.2 -0.1 OPM %
+964 bps +818 bps
9.4% 1.2% -0.3% Other income
-5.9% +26.3%
0.5 0.4 0.5 Net profit
from loss from loss 0.3 -1.3 -1.6 PAT margin %
+891 bps +784 bps
1.0% -6.9% -8.0% EPS (₹)
from loss from loss 0.22 -1.10 -1.29
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.1 Cr, other income ₹0.5 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹11.9 Cr.
Borrowings ₹69.3 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹19.9 ₹27.2
+36.7% above
523144
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 5641 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
-50.5% -19.8%
3.5 4.3 7.0 Operating profit
loss widened loss widened -2.1 -1.1 -0.2 OPM %
-5641 bps -3506 bps
-59.7% -24.7% -3.3% Other income
+161.2% +635.5%
5.6 0.8 2.1 Net profit?
+76.7% from loss 3.0 -0.8 1.7 PAT margin %
+6344 bps +10602 bps
88.1% -17.9% 24.7% EPS (₹)
+76.8% from loss 2.44 -0.62 1.38
Quality of profit
Pre-tax profit ₹3.0 Cr: core business −₹2.6 Cr, other income ₹5.6 Cr.
Core profit YoY: loss widened
· reported profit +76.7%
Cash & debt
FY26 cash from operations −₹7.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹4.6 ₹3.5
-25.0% below
523151
· 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
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-100.0% —
0.0 0.0 0.1 Operating profit
to loss loss narrowed -0.0 -0.1 0.0 Other income
— —
0.2 0.0 0.0 Net profit
from loss from loss 0.1 -0.1 -0.0 EPS (₹)
from loss from loss 0.08 -0.09 -0.01
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹2.0 Cr.
Borrowings ₹3.7 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.0 ₹0.0
-100.0% below
523222
· 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
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.1 -0.1 Other income
— —
2.2 0.0 0.0 Net profit
from loss from loss 2.1 -0.1 -0.1 EPS (₹)
from loss from loss 2.27 -0.11 -0.10
Quality of profit
Pre-tax profit ₹2.1 Cr: core business −₹0.1 Cr, other income ₹2.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹1.6 Cr:
361% of FY26 net profit of ₹0.4 Cr.
Borrowings ₹3.6 Cr at Mar 2026.
523232
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 237 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
-24.0% -5.2%
20.4 21.5 26.9 Operating profit
-75.5% -84.2%
0.2 1.5 0.9 OPM %
-237 bps -565 bps
1.1% 6.8% 3.5% Other income
— +503.4%
1.8 0.3 0.1 Net profit?
+79.4% -44.0%
0.6 1.1 0.3 PAT margin %
+172 bps -207 bps
3.0% 5.1% 1.3% EPS (₹)
+4.9% -50.4%
0.64 1.29 0.61
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹0.7 Cr, other income ₹1.8 Cr.
Core profit YoY: to loss
· reported profit +79.4%
Cash & debt
FY26 cash from operations −₹34.1 Cr.
Borrowings ₹17.2 Cr at Mar 2026.
523248
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -95% below its own trend 42% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+33.8% +14.0%
143 126 107 Operating profit
+50.6% +40.7%
12.2 8.7 8.1 OPM %
+95 bps +162 bps
8.5% 6.9% 7.6% Other income
+900.0% +100.0%
0.1 0.1 0.0 Net profit
-92.9% from loss 0.2 -1.5 3.5 PAT margin %
-309 bps +134 bps
0.2% -1.2% 3.3% EPS (₹)
-92.8% from loss 0.41 -2.40 5.70
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: -94.6%
· reported profit -92.9%
Cash & debt
FY26 cash from operations ₹41.0 Cr:
3083% of FY26 net profit of ₹1.3 Cr.
Borrowings ₹250 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹134 ₹143
+7.1% above Net profit ₹5.0 ₹0.2
-95.0% below
523483
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -68% below 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
-35.4% +44.4%
38.5 26.7 59.6 Operating profit
-36.8% +54.7%
2.1 1.4 3.4 OPM %
-12 bps +37 bps
5.6% 5.2% 5.7% Other income
-33.0% +39.7%
1.8 1.3 2.7 Net profit?
-84.0% +0.0%
0.4 0.4 2.3 PAT margin %
-291 bps -43 bps
1.0% 1.4% 3.9% EPS (₹)
-83.9% +0.0%
0.54 0.54 3.35
Quality of profit
Pre-tax profit ₹0.6 Cr: core business −₹1.3 Cr, other income ₹1.8 Cr.
Core profit YoY: loss widened
· reported profit -84.0%
Cash & debt
FY26 cash from operations ₹7.0 Cr:
350% of FY26 net profit of ₹2.0 Cr.
Borrowings ₹59.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹43.9 ₹38.5
-12.3% below Net profit ₹1.2 ₹0.4
-68.0% below
523519
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— —
0.0 0.0 0.0 Operating profit
loss widened loss widened -0.0 -0.0 -0.0 Other income
+0.0% +100.0%
0.0 0.0 0.0 Net profit
-50.0% —
0.0 0.0 0.0 EPS (₹)
+0.0% —
0.01 0.00 0.01
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: loss widened
· reported profit -50.0%
Cash & debt
FY26 cash from operations −₹0.1 Cr.
Borrowings nil at Mar 2026.
523550
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 158 bps YoY 41% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+23.4% +28.2%
16.1 12.6 13.1 Operating profit
+41.3% +16.8%
2.0 1.7 1.4 OPM %
+158 bps -123 bps
12.5% 13.7% 10.9% Other income
+91.2% —
0.7 0.1 0.3 Net profit?
from loss +7.0%
0.8 0.7 -0.8 PAT margin %
+1105 bps -93 bps
4.7% 5.6% -6.3% EPS (₹)
from loss +8.3%
0.52 0.48 -0.57
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹0.9 Cr, other income ₹0.7 Cr.
Cash & debt
FY26 cash from operations ₹11.9 Cr:
453% of FY26 net profit of ₹2.6 Cr.
Borrowings ₹22.1 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹13.1 ₹16.1
+23.2% above
523558
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -59% below its own trend Operating margin contracted 316 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
+9.7% -10.2%
64.9 72.2 59.1 Operating profit
-52.0% -47.7%
1.6 3.1 3.3 OPM %
-316 bps -177 bps
2.5% 4.2% 5.6% Other income
-35.9% +268.7%
0.6 0.2 0.9 Net profit?
-52.3% -31.5%
1.4 2.0 2.9 PAT margin %
-274 bps -66 bps
2.1% 2.8% 4.9% EPS (₹)
-50.0% -25.0%
0.06 0.08 0.12
Quality of profit
Pre-tax profit ₹1.7 Cr: core business ₹1.1 Cr, other income ₹0.6 Cr.
Core profit YoY: -59.5%
· reported profit -52.3%
Cash & debt
FY26 cash from operations ₹6.0 Cr:
79% of FY26 net profit of ₹7.6 Cr.
Borrowings ₹16.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹71.1 ₹64.9
-8.8% below Net profit ₹3.3 ₹1.4
-59.0% below
523566
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -95% below 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
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-100.0% —
0.0 0.0 0.1 Operating profit
loss narrowed loss widened -1.5 -0.9 -6.8 Other income
-85.8% +25.6%
1.7 1.3 11.8 Net profit
-95.8% -41.4%
0.2 0.3 4.0 EPS (₹)
-95.8% -41.1%
0.33 0.56 7.82
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹1.6 Cr, other income ₹1.7 Cr.
Core profit YoY: loss narrowed
· reported profit -95.8%
Cash & debt
FY26 cash from operations −₹11.6 Cr:
-613% of FY26 net profit of ₹1.9 Cr.
Borrowings ₹0.1 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Net profit ₹3.5 ₹0.2
-95.2% below
523594
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +70% above its own trend Operating margin expanded 227 bps YoY 39% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +44%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.3% +10.1%
3.2 2.9 3.0 Operating profit
+42.1% -25.0%
0.3 0.4 0.2 OPM %
+227 bps -398 bps
8.5% 12.5% 6.2% Other income
-6.3% -11.8%
0.1 0.2 0.2 Net profit
+91.3% +18.9%
0.4 0.4 0.2 PAT margin %
+631 bps +103 bps
13.9% 12.8% 7.6% EPS (₹)
+93.9% +18.5%
0.64 0.54 0.33
Quality of profit
Pre-tax profit ₹0.4 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: +43.8%
· reported profit +91.3%
Cash & debt
FY26 cash from operations ₹1.3 Cr:
74% of FY26 net profit of ₹1.7 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2.9 ₹3.2
+8.2% above Net profit ₹0.3 ₹0.4
+69.6% above
523638
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +295% 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
+2.8% +1.8%
86.5 85.0 84.2 Operating profit
+10.4% +2.2%
7.0 6.8 6.3 OPM %
+56 bps +3 bps
8.1% 8.1% 7.5% Other income
+17.3% +50.0%
2.3 1.5 2.0 Net profit?
+232.4% +927.3%
1.1 0.1 0.3 PAT margin %
+90 bps +118 bps
1.3% 0.1% 0.4% EPS (₹)
+229.6% +888.9%
0.89 0.09 0.27
Quality of profit
Pre-tax profit ₹1.2 Cr: core business −₹1.1 Cr, other income ₹2.3 Cr.
Core profit YoY: loss narrowed
· reported profit +232.4%
Cash & debt
FY26 cash from operations ₹8.0 Cr:
465% of FY26 net profit of ₹1.7 Cr.
Borrowings ₹123 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹86.3 ₹86.5
+0.3% in line Net profit ₹0.3 ₹1.1
+295.3% above
523652
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
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
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.1 -0.1 Other income
+9.1% +0.0%
0.1 0.1 0.1 Net profit
— +200.0%
0.0 0.0 0.0 EPS (₹)
— +150.0%
0.05 0.02 0.00
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 −₹0.5 Cr:
-783% of FY26 net profit of ₹0.1 Cr.
Borrowings nil at Mar 2026.
523696
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Into loss: a profit a year ago Profit -128% below its own trend All of pre-tax profit came from other income or one-off items FY26 operating cash flow was only 15% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— —
0.0 0.0 0.0 Operating profit
loss widened loss widened -0.6 -0.3 -0.4 Other income
-14.3% +26.9%
0.7 0.5 0.8 Net profit?
to loss to loss -0.1 0.0 0.4 EPS (₹)
to loss to loss -0.03 0.01 0.19
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.6 Cr, other income ₹0.7 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹0.6 Cr:
15% of FY26 net profit of ₹4.1 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.2 −₹0.1
-127.8% 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 14 Oct 2026, 00:15 IST
