Home › Quarterly results › Q4 FY26
Q4 FY26 quarterly results (January-March 2026)
5,115 companies have declared Q4 FY26 results so far, the latest on 12 Oct 2026.
Across the 4,645 non-financial companies with a year-ago quarter to compare, sales grew +12.4% and net profit +34.1% year on year, and the combined operating margin widened 10 bps to 14.3%.
For the 120 banks and lenders, net interest income grew +9.1% and net profit +11.1%.
55% of companies grew net profit; 472 turned a loss into a profit; 38% beat their own profit trend and 48% fell short of it.
5115 declared
Latest results
Results calendar
Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26
The next results season has started: 45 companies have filed results for the quarter ended 30 Sep 2026.
See them → Q4 FY26 scoreboard
Sales growth
+12.4%
YoY, 4645 companies combined; median +11.7%
Net profit growth
+34.1%
YoY combined; median +16.1%
Operating margin
14.3%
+10 bps YoY
Grew profit
55%
472 turnarounds, 495 into loss
Vs own profit trend
38% / 48%
above / below, 14% in line
Banks: NII growth
+9.1%
120 lenders; profit +11.1%
Price since results
-3.9%
median; 31% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
Latest Q4 FY26 results 5115
Page 32 of 171
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
M Cap ₹4,249 Cr
P/E 66.9
PEG 11.14
Profit -16% below its own trend Operating margin contracted 244 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-11.9% +15.6%
135 117 153 Operating profit
-22.5% +4.4%
24.0 23.0 31.0 OPM %
-244 bps -190 bps
17.8% 19.7% 20.2% Other income
-25.2% -26.3%
3.0 4.1 4.0 Net profit
-28.8% -1.2%
16.0 16.2 22.5 PAT margin %
-281 bps -201 bps
11.9% 13.9% 14.7% EPS (₹)
-27.6% +0.5%
2.12 2.11 2.93
Quality of profit
Pre-tax profit ₹22.0 Cr: core business ₹19.0 Cr, other income ₹3.0 Cr.
Core profit YoY: -30.7%
· reported profit -28.8%
Cash & debt
FY26 cash from operations ₹70.0 Cr:
92% of FY26 net profit of ₹76.4 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹140 ₹135
-3.3% in line Net profit ₹19.1 ₹16.0
-16.3% below
M Cap ₹4,249 Cr
P/E 50.2
PEG —
Profit +49% above its own trend Operating margin contracted 168 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.6% +20.3%
640 532 606 Operating profit
-16.3% +84.5%
41.0 22.2 49.0 OPM %
-168 bps +223 bps
6.4% 4.2% 8.1% Other income
— -29.0%
4.0 5.6 0.0 Net profit?
+18.2% +81.5%
26.0 14.3 22.0 PAT margin %
+43 bps +137 bps
4.1% 2.7% 3.6% EPS (₹)
+18.2% +85.7%
0.26 0.14 0.22
Quality of profit
Pre-tax profit ₹32.0 Cr: core business ₹28.0 Cr, other income ₹4.0 Cr.
Core profit YoY: from loss
· reported profit +18.2%
Cash & debt
FY26 cash from operations ₹216 Cr:
312% of FY26 net profit of ₹69.2 Cr.
Borrowings ₹558 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹626 ₹640
+2.2% in line Net profit ₹17.4 ₹26.0
+49.5% above
M Cap ₹4,239 Cr
P/E 22.6
PEG 1.50
Profit -31% below its own trend Operating margin expanded 215 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+12.7% +12.4%
205 182 182 Operating profit
+20.5% +17.2%
67.5 57.6 56.0 OPM %
+215 bps +135 bps
32.9% 31.6% 30.8% Other income
-7.6% +213.9%
6.6 2.1 7.1 Net profit?
-0.1% +32.5%
47.0 35.5 47.1 PAT margin %
-292 bps +348 bps
22.9% 19.5% 25.8% EPS (₹)
-0.1% +32.4%
27.72 20.93 27.76
Quality of profit
Pre-tax profit ₹64.9 Cr: core business ₹58.0 Cr, other income ₹6.6 Cr.
Core profit YoY: +18.6%
· reported profit -0.1%
Cash & debt
FY26 cash from operations ₹197 Cr:
114% of FY26 net profit of ₹173 Cr.
Borrowings ₹61.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹193 ₹205
+6.0% above Net profit ₹68.7 ₹47.0
-31.5% below
M Cap ₹4,169 Cr
P/E 16.0
PEG 0.15
Profit +121% above its own trend Operating margin expanded 797 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+63.8% +7.9%
327 303 200 Operating profit
+95.9% +22.0%
159 130 81.2 OPM %
+797 bps +564 bps
48.6% 43.0% 40.7% Other income
-70.3% -77.6%
3.0 13.4 10.1 Net profit?
+153.5% +2.6%
104 101 41.0 PAT margin %
+1126 bps -163 bps
31.8% 33.4% 20.5% EPS (₹)
+140.7% +2.1%
40.70 39.85 16.91
Quality of profit
Pre-tax profit ₹107 Cr: core business ₹104 Cr, other income ₹3.0 Cr.
Core profit YoY: +138.6%
· reported profit +153.5%
Cash & debt
FY26 cash from operations ₹321 Cr:
126% of FY26 net profit of ₹255 Cr.
Borrowings ₹353 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹209 ₹327
+56.8% above Net profit ₹47.1 ₹104
+121.0% above
Turnaround: profit against a loss a year ago Operating margin contracted 2094 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
— +403.0%
134 26.6 6.3 Operating profit
loss widened loss widened -76.0 -63.9 -2.3 OPM %
-2094 bps —
-56.7% — -35.8% Other income
+43.4% +189.3%
119 41.1 83.0 Net profit?
from loss from loss 25.0 -19.7 -1.6 PAT margin %
+4402 bps +9278 bps
18.7% -74.1% -25.4% EPS (₹)
+104.2% from loss 4.88 -4.29 2.39
Quality of profit
Pre-tax profit ₹34.0 Cr: core business −₹85.0 Cr, other income ₹119 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations −₹293 Cr.
Borrowings ₹3.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹4.2 ₹134
+999.0% above
Into loss: a profit a year ago Profit -999% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.7% -14.5%
1,210 1,416 1,064 Operating profit
+8.3% -15.5%
184 218 170 OPM %
-76 bps -18 bps
15.2% 15.4% 16.0% Other income
-61.7% -70.8%
7.0 23.9 18.3 Net profit?
to loss to loss -16.0 16.1 2.0 PAT margin %
-151 bps -246 bps
-1.3% 1.1% 0.2% EPS (₹)
to loss to loss -1.48 1.46 0.18
Quality of profit
Pre-tax profit −₹25.0 Cr: core business −₹32.0 Cr, other income ₹7.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹838 Cr.
Borrowings ₹3,317 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,124 ₹1,210
+7.7% above Net profit ₹1.0 −₹16.0
-999.0% below
M Cap ₹4,143 Cr
P/E 39.8
PEG 1.24
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+17.1% +1.8%
302 297 258 Operating profit
+16.7% +0.3%
49.0 48.9 42.0 OPM %
-5 bps -24 bps
16.2% 16.5% 16.3% Other income
-60.0% -23.2%
2.0 2.6 5.0 Net profit
+8.3% +1.5%
26.0 25.6 24.0 PAT margin %
-69 bps -2 bps
8.6% 8.6% 9.3% EPS (₹)
+6.1% -1.2%
12.31 12.46 11.60
Quality of profit
Pre-tax profit ₹35.0 Cr: core business ₹33.0 Cr, other income ₹2.0 Cr.
Core profit YoY: +17.9%
· reported profit +8.3%
Cash & debt
FY26 cash from operations ₹112 Cr:
109% of FY26 net profit of ₹103 Cr.
Borrowings ₹197 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹313 ₹302
-3.5% in line Net profit ₹24.5 ₹26.0
+6.0% in line
M Cap ₹4,137 Cr
P/E 56.2
PEG —
Profit +349% above its own trend Operating margin expanded 578 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+22.9% +8.9%
252 231 205 Operating profit
+78.2% +42.5%
47.0 33.0 26.4 OPM %
+578 bps +440 bps
18.7% 14.3% 12.9% Other income
to loss to loss -1.0 0.8 0.4 Net profit?
+185.0% +77.1%
22.0 12.4 7.7 PAT margin %
+496 bps +336 bps
8.7% 5.4% 3.8% EPS (₹)
+183.1% +75.8%
2.18 1.24 0.77
Quality of profit
Pre-tax profit ₹29.0 Cr: core business ₹30.0 Cr, other income −₹1.0 Cr.
Core profit YoY: +195.9%
· reported profit +185.0%
Cash & debt
FY26 cash from operations ₹45.0 Cr:
70% of FY26 net profit of ₹64.3 Cr.
Borrowings ₹405 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹227 ₹252
+10.9% above Net profit ₹4.9 ₹22.0
+348.7% above
M Cap ₹4,105 Cr
P/E 40.2
PEG 0.26
Profit +30% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-4.0% +13.1%
238 210 248 Operating profit
-2.4% -8.4%
40.0 43.6 41.0 OPM %
+27 bps -393 bps
16.8% 20.7% 16.5% Other income
+200.0% -20.1%
3.0 3.8 1.0 Net profit?
+65.0% +40.6%
33.0 23.5 20.0 PAT margin %
+580 bps +271 bps
13.9% 11.2% 8.1% EPS (₹)
+52.4% +34.7%
3.49 2.59 2.29
Quality of profit
Pre-tax profit ₹27.0 Cr: core business ₹25.0 Cr, other income ₹3.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -7.4%
· reported profit +65.0%
Cash & debt
FY26 cash from operations ₹59.0 Cr:
58% of FY26 net profit of ₹102 Cr.
Borrowings ₹365 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹298 ₹238
-20.2% below Net profit ₹25.3 ₹33.0
+30.4% above
₹ Cr
Mar 2026
Sales
572 Operating profit
160 OPM %
28.0% Other income
-2.0 Net profit
67.0 PAT margin %
11.7% EPS (₹)
12.46
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 ₹93.0 Cr: core business ₹94.0 Cr, other income −₹2.0 Cr, exceptional & other items ₹1.0 Cr.
M Cap ₹4,068 Cr
P/E 85.0
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 128 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+14.1% -5.6%
1,791 1,898 1,570 Operating profit
+43.6% +465.7%
112 19.8 78.0 OPM %
+128 bps +521 bps
6.3% 1.0% 5.0% Other income
+100.0% from loss 4.0 -2.0 2.0 Net profit?
from loss +272.0%
22.4 6.0 -5.3 PAT margin %
+159 bps +93 bps
1.2% 0.3% -0.3% EPS (₹)
from loss +518.2%
2.04 0.33 -0.93
Quality of profit
Pre-tax profit ₹31.9 Cr: core business ₹28.0 Cr, other income ₹4.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹254 Cr:
2403% of FY26 net profit of ₹10.6 Cr.
Borrowings ₹650 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,767 ₹1,791
+1.4% in line
Operating margin expanded 154 bps YoY Exceptional items of ₹-12.1 Cr in the quarter Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.7% +14.2%
616 539 561 Operating profit
+59.5% +203.6%
30.4 10.0 19.0 OPM %
+154 bps +308 bps
4.9% 1.9% 3.4% Other income
-86.8% -99.4%
0.4 69.0 3.2 Net profit?
loss widened loss widened -29.6 -5.0 -29.1 PAT margin %
+37 bps -388 bps
-4.8% -0.9% -5.2% EPS (₹)
— loss widened -0.20 -0.04 -0.20
Quality of profit
Pre-tax profit −₹29.6 Cr: core business −₹55.1 Cr, other income ₹0.4 Cr, exceptional & other items ₹25.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹28.0 Cr:
-18% of FY26 net profit of ₹155 Cr.
Borrowings ₹3,288 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹281 ₹616
+119.4% above
M Cap ₹4,046 Cr
P/E 39.9
PEG 0.49
Profit -62% below its own trend Operating margin contracted 1002 bps YoY FY26 operating cash flow was only 27% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.0% +38.1%
430 311 381 Operating profit
-41.7% -0.5%
46.0 46.2 78.9 OPM %
-1002 bps -415 bps
10.7% 14.8% 20.7% Other income
+100.0% +38.4%
3.0 2.2 1.5 Net profit?
-57.6% +2.3%
23.0 22.5 54.2 PAT margin %
-890 bps -187 bps
5.3% 7.2% 14.3% EPS (₹)
-57.6% +2.4%
0.86 0.84 2.03
Quality of profit
Pre-tax profit ₹24.0 Cr: core business ₹20.0 Cr, other income ₹3.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -63.4%
· reported profit -57.6%
Cash & debt
FY26 cash from operations ₹40.0 Cr:
27% of FY26 net profit of ₹149 Cr.
Borrowings ₹195 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹453 ₹430
-5.1% below Net profit ₹60.0 ₹23.0
-61.7% below
M Cap ₹4,015 Cr
P/E 25.9
PEG 3.24
Turnaround: profit against a loss a year ago Operating margin expanded 597 bps YoY FY26 operating cash flow was only 44% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+27.1% +15.9%
474 409 373 Operating profit
+107.6% +28.1%
73.0 57.0 35.2 OPM %
+597 bps +146 bps
15.4% 13.9% 9.4% Other income
-0.3% +57.1%
11.0 7.0 11.0 Net profit?
from loss +38.2%
47.0 34.0 -2.4 PAT margin %
+1056 bps +160 bps
9.9% 8.3% -0.6% EPS (₹)
from loss +40.7%
5.19 3.69 -0.26
Quality of profit
Pre-tax profit ₹65.0 Cr: core business ₹54.0 Cr, other income ₹11.0 Cr.
Core profit YoY: +126.5%
Cash & debt
FY26 cash from operations ₹68.0 Cr:
44% of FY26 net profit of ₹155 Cr.
Borrowings ₹372 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹399 ₹474
+18.9% above
M Cap ₹4,002 Cr
P/E 232.9
PEG —
Profit +57% above its own trend Operating margin contracted 227 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+29.6% +23.4%
63.8 51.7 49.3 Operating profit
+17.1% +8.4%
13.6 12.5 11.6 OPM %
-227 bps -296 bps
21.3% 24.2% 23.6% Other income
+129.0% +167.2%
1.1 0.4 0.5 Net profit?
-21.5% +74.0%
4.8 2.7 6.1 PAT margin %
-487 bps +218 bps
7.5% 5.3% 12.4% EPS (₹)
-32.0% +70.0%
0.17 0.10 0.25
Quality of profit
Pre-tax profit ₹7.3 Cr: core business ₹6.2 Cr, other income ₹1.1 Cr.
Core profit YoY: -22.4%
· reported profit -21.5%
Cash & debt
FY26 cash from operations ₹10.0 Cr:
67% of FY26 net profit of ₹15.0 Cr.
Borrowings ₹34.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹42.7 ₹63.8
+49.4% above Net profit ₹3.0 ₹4.8
+57.0% above
LCCPROJECT
· Q4 FY26 · Consolidated
M Cap ₹3,993 Cr
P/E —
PEG —
₹ Cr
Mar 2026
Sales
1,165 Operating profit
149 OPM %
12.8% Other income
20.0 Net profit?
96.0 PAT margin %
8.2% EPS (₹)
3.50
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 ₹126 Cr: core business ₹106 Cr, other income ₹20.0 Cr.
M Cap ₹3,988 Cr
P/E 6.1
PEG —
Profit +69% above its own trend Operating margin contracted 411 bps YoY 32% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +19%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-5.1% +34.6%
1,617 1,201 1,704 Operating profit
-23.5% +15.9%
277 239 362 OPM %
-411 bps -277 bps
17.1% 19.9% 21.2% Other income
-20.6% +35.1%
50.0 37.0 63.0 Net profit?
+44.0% +40.3%
108 77.0 75.0 PAT margin %
+228 bps +27 bps
6.7% 6.4% 4.4% EPS (₹)
+42.9% +40.5%
4.20 2.99 2.94
Quality of profit
Pre-tax profit ₹155 Cr: core business ₹105 Cr, other income ₹50.0 Cr.
Core profit YoY: +19.3%
· reported profit +44.0%
Cash & debt
FY26 cash from operations ₹4,593 Cr:
614% of FY26 net profit of ₹748 Cr.
Borrowings ₹5,170 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,255 ₹1,617
+28.8% above Net profit ₹63.7 ₹108
+69.4% above
Operating margin expanded 461 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+35.0% +2.8%
401 390 297 Operating profit
+45.9% +4.6%
248 237 170 OPM %
+461 bps +108 bps
61.8% 60.8% 57.2% Other income
+140.0% +14.3%
24.0 21.0 10.0 Net profit
loss narrowed loss widened -23.0 -17.0 -31.0 PAT margin %
+470 bps -138 bps
-5.7% -4.4% -10.4% EPS (₹)
— loss widened -1.07 -0.81 —
Quality of profit
Pre-tax profit −₹24.0 Cr: core business −₹48.0 Cr, other income ₹24.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹920 Cr.
Borrowings ₹5,207 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹412 ₹401
-2.8% in line
M Cap ₹3,974 Cr
P/E 18.9
PEG 0.04
Operating margin contracted 482 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+64.5% -1.5%
339 344 206 Operating profit
+40.7% +18.6%
96.7 81.5 68.7 OPM %
-482 bps +482 bps
28.5% 23.7% 33.3% Other income
-16.5% -17.4%
9.8 11.9 11.8 Net profit?
+24.7% +10.5%
62.8 56.8 50.4 PAT margin %
-592 bps +202 bps
18.5% 16.5% 24.5% EPS (₹)
+26.2% +9.3%
4.34 3.97 3.44
Quality of profit
Pre-tax profit ₹82.5 Cr: core business ₹72.7 Cr, other income ₹9.8 Cr.
Core profit YoY: +34.8%
· reported profit +24.7%
Cash & debt
FY26 cash from operations −₹432 Cr:
-214% of FY26 net profit of ₹202 Cr.
Borrowings ₹774 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹215 ₹339
+57.6% above Net profit ₹69.3 ₹62.8
-9.3% in line
M Cap ₹3,966 Cr
P/E 19.5
PEG —
Profit -43% below its own trend Operating margin contracted 224 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-2.5% +42.0%
991 698 1,016 Operating profit
-13.7% +56.0%
170 109 197 OPM %
-224 bps +153 bps
17.2% 15.6% 19.4% Other income
+112.5% +17.2%
34.0 29.0 16.0 Net profit?
-47.7% +49.1%
104 69.8 199 PAT margin %
-909 bps +50 bps
10.5% 10.0% 19.6% EPS (₹)
-47.5% +49.9%
12.91 8.61 24.57
Quality of profit
Pre-tax profit ₹143 Cr: core business ₹108 Cr, other income ₹34.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -24.5%
· reported profit -47.7%
Cash & debt
FY26 cash from operations ₹219 Cr:
93% of FY26 net profit of ₹236 Cr.
Borrowings ₹1,803 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,046 ₹991
-5.3% below Net profit ₹181 ₹104
-42.5% below
M Cap ₹3,961 Cr
P/E 34.2
PEG 11.40
Profit -23% below its own trend Operating margin contracted 187 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.5% -3.7%
454 471 422 Operating profit
-4.3% -14.8%
69.0 81.0 72.1 OPM %
-187 bps -198 bps
15.2% 17.2% 17.1% Other income
+145.9% +250.2%
9.0 2.6 3.7 Net profit?
-42.1% -12.1%
22.0 25.0 38.0 PAT margin %
-416 bps -47 bps
4.8% 5.3% 9.0% EPS (₹)
-42.9% -13.3%
23.87 27.52 41.78
Quality of profit
Pre-tax profit ₹40.0 Cr: core business ₹30.0 Cr, other income ₹9.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -16.3%
· reported profit -42.1%
Cash & debt
FY26 cash from operations ₹290 Cr:
296% of FY26 net profit of ₹98.1 Cr.
Borrowings ₹634 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹431 ₹454
+5.3% above Net profit ₹28.7 ₹22.0
-23.5% below
Profit +390% above its own trend Operating margin expanded 217 bps YoY 34% 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
-22.8% -7.0%
1,946 2,092 2,519 Operating profit
+8.8% +117.7%
146 67.0 134 OPM %
+217 bps +429 bps
7.5% 3.2% 5.3% Other income
from loss +184.9%
52.9 18.6 -13.0 Net profit?
+157.4% —
142 1.6 55.0 PAT margin %
+509 bps +720 bps
7.3% 0.1% 2.2% EPS (₹)
+143.0% from loss 5.76 -0.12 2.37
Quality of profit
Pre-tax profit ₹154 Cr: core business ₹101 Cr, other income ₹52.9 Cr.
Core profit YoY: +1.2%
· reported profit +157.4%
Cash & debt
FY26 cash from operations −₹257 Cr.
Borrowings ₹1,191 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹4,562 ₹1,946
-57.4% below Net profit ₹28.9 ₹142
+389.7% above
M Cap ₹3,916 Cr
P/E 39.6
PEG 6.60
Profit +158% above its own trend Operating margin expanded 152 bps YoY Exceptional items of ₹-21.8 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.6% +15.3%
776 673 649 Operating profit
+37.0% +58.3%
93.2 58.9 68.1 OPM %
+152 bps +326 bps
12.0% 8.7% 10.5% Other income
-57.0% +150.4%
2.6 1.0 6.1 Net profit?
+86.7% +116.3%
31.0 14.3 16.6 PAT margin %
+143 bps +187 bps
4.0% 2.1% 2.6% EPS (₹)
+86.5% +115.7%
2.48 1.15 1.33
Quality of profit
Pre-tax profit ₹43.8 Cr: core business ₹63.0 Cr, other income ₹2.6 Cr, exceptional & other items −₹21.8 Cr.
Core profit YoY: +57.5%
· reported profit +86.7%
Cash & debt
FY26 cash from operations ₹247 Cr:
275% of FY26 net profit of ₹89.8 Cr.
Borrowings ₹515 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹700 ₹776
+11.0% above Net profit ₹12.0 ₹31.0
+158.3% above
M Cap ₹3,906 Cr
P/E 120.8
PEG —
Into loss: a profit a year ago Profit -110% below its own trend Operating margin contracted 774 bps YoY 43% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+51.2% +0.9%
280 277 185 Operating profit
-57.7% -67.0%
8.4 25.5 19.9 OPM %
-774 bps -620 bps
3.0% 9.2% 10.8% Other income
+217.8% +418.7%
1.1 0.2 0.3 Net profit?
to loss to loss -1.6 12.7 10.0 PAT margin %
-597 bps -515 bps
-0.6% 4.6% 5.4% EPS (₹)
— —
1.31 7.58 5.83
No EPS growth against Dec 2025 and Mar 2025: 1:1 bonus in Mar 2026.
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.5 Cr, other income ₹1.1 Cr, exceptional & other items −₹0.7 Cr.
Core profit YoY: -96.5%
Cash & debt
FY26 cash from operations ₹86.0 Cr:
223% of FY26 net profit of ₹38.6 Cr.
Borrowings ₹245 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹273 ₹280
+2.4% in line Net profit ₹16.4 −₹1.6
-109.7% below
M Cap ₹3,890 Cr
P/E 18.2
PEG 0.61
Operating margin expanded 443 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.0% -26.8%
456 623 430 Operating profit
loss narrowed to loss -1.0 58.0 -20.0 OPM %
+443 bps -953 bps
-0.2% 9.3% -4.7% Other income
+16.7% from loss 14.0 -26.0 12.0 Net profit
loss narrowed to loss -15.0 2.0 -32.0 PAT margin %
+415 bps -361 bps
-3.3% 0.3% -7.4% EPS (₹)
loss narrowed to loss -0.77 0.10 -1.65
Quality of profit
Pre-tax profit −₹17.0 Cr: core business −₹31.0 Cr, other income ₹14.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹172 Cr:
93% of FY26 net profit of ₹184 Cr.
Borrowings ₹61.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹469 ₹456
-2.7% in line
M Cap ₹3,882 Cr
P/E 50.1
PEG 0.36
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
-61.3% -9.9%
115 128 297 Operating profit
from loss +66.7%
5.0 3.0 -329 OPM %
— +200 bps
4.3% 2.4% — Other income
-89.1% +14.8%
31.0 27.0 285 Net profit?
from loss +0.9%
14.0 13.9 -59.0 PAT margin %
+3204 bps +130 bps
12.2% 10.9% -19.9% EPS (₹)
from loss +50.0%
0.09 0.06 -0.38
Quality of profit
Pre-tax profit ₹16.0 Cr: core business −₹15.0 Cr, other income ₹31.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹43.0 Cr:
75% of FY26 net profit of ₹57.5 Cr.
Borrowings ₹463 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹148 ₹115
-22.6% below
M Cap ₹3,864 Cr
P/E 14.4
PEG 1.44
Profit +33% above its own trend Operating margin expanded 105 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.3% +17.8%
483 410 442 Operating profit
+13.9% +111.9%
125 59.0 110 OPM %
+105 bps +1149 bps
25.9% 14.4% 24.8% Other income
+88.2% +162.5%
21.0 8.0 11.2 Net profit
+29.8% +145.0%
98.0 40.0 75.5 PAT margin %
+321 bps +1053 bps
20.3% 9.8% 17.1% EPS (₹)
+29.6% +144.5%
21.69 8.87 16.74
Quality of profit
Pre-tax profit ₹128 Cr: core business ₹108 Cr, other income ₹21.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +19.3%
· reported profit +29.8%
Cash & debt
FY26 cash from operations ₹196 Cr:
68% of FY26 net profit of ₹288 Cr.
Borrowings ₹31.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹440 ₹483
+9.8% above Net profit ₹73.4 ₹98.0
+33.5% above
Operating margin contracted 2016 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-11.7% -3.9%
436 454 494 Operating profit
to loss loss widened -82.2 -76.8 6.5 OPM %
-2016 bps -193 bps
-18.8% -16.9% 1.3% Other income
-1.8% +13.1%
3.7 3.3 3.8 Net profit?
loss widened loss widened -129 -52.9 -27.4 PAT margin %
-2401 bps -1791 bps
-29.5% -11.6% -5.5% EPS (₹)
loss widened loss widened -9.07 -3.72 -1.92
Quality of profit
Pre-tax profit −₹129 Cr: core business −₹133 Cr, other income ₹3.7 Cr, exceptional & other items ₹0.5 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹181 Cr.
Borrowings ₹738 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹441 ₹436
-1.1% in line
M Cap ₹3,852 Cr
P/E 76.4
PEG —
Profit -45% below its own trend Operating margin contracted 222 bps YoY 37% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.3% +8.9%
820 753 779 Operating profit
-3.6% +36.8%
197 144 204 OPM %
-222 bps +490 bps
24.0% 19.1% 26.2% Other income
-15.3% +26.3%
24.0 19.0 28.3 Net profit?
-43.8% —
41.0 1.0 73.0 PAT margin %
-437 bps +487 bps
5.0% 0.1% 9.4% EPS (₹)
-43.3% —
2.06 0.11 3.63
Quality of profit
Pre-tax profit ₹65.0 Cr: core business ₹41.0 Cr, other income ₹24.0 Cr.
Core profit YoY: -44.7%
· reported profit -43.8%
Cash & debt
FY26 cash from operations ₹531 Cr:
802% of FY26 net profit of ₹66.2 Cr.
Borrowings ₹3,829 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹835 ₹820
-1.8% in line Net profit ₹74.9 ₹41.0
-45.3% below
M Cap ₹3,822 Cr
P/E 84.9
PEG 1.01
Profit +293% above its own trend Operating margin contracted 1221 bps YoY 38% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +54%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+135.3% +17.0%
62.0 53.0 26.4 Operating profit
+48.7% -7.1%
13.0 14.0 8.7 OPM %
-1221 bps -545 bps
21.0% 26.4% 33.2% Other income
+240.8% +20.0%
6.0 5.0 1.8 Net profit?
+99.7% +0.0%
12.0 12.0 6.0 PAT margin %
-344 bps -329 bps
19.4% 22.6% 22.8% EPS (₹)
+89.7% +6.3%
5.88 5.53 3.10
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹10.0 Cr, other income ₹6.0 Cr.
Core profit YoY: +53.6%
· reported profit +99.7%
Cash & debt
FY26 cash from operations −₹45.0 Cr:
-109% of FY26 net profit of ₹41.2 Cr.
Borrowings ₹14.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹16.8 ₹62.0
+269.7% above Net profit ₹3.1 ₹12.0
+293.2% 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 14 Oct 2026, 00:37 IST
