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
Page 33 of 171
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M Cap ₹3,818 Cr
P/E 28.2
PEG 0.74
47% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.0% -6.7%
945 1,013 918 Operating profit
-4.3% -13.1%
59.4 68.3 62.0 OPM %
-47 bps -47 bps
6.3% 6.7% 6.8% Other income
+44.1% +111.2%
18.9 8.9 13.1 Net profit?
+23.0% +9.0%
32.2 29.6 26.2 PAT margin %
+56 bps +49 bps
3.4% 2.9% 2.9% EPS (₹)
+17.3% +8.9%
2.58 2.37 2.20
Quality of profit
Pre-tax profit ₹40.1 Cr: core business ₹21.3 Cr, other income ₹18.9 Cr.
Core profit YoY: +9.4%
· reported profit +23.0%
Cash & debt
FY26 cash from operations ₹149 Cr:
110% of FY26 net profit of ₹135 Cr.
Borrowings ₹607 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,057 ₹945
-10.5% below Net profit ₹33.9 ₹32.2
-4.8% in line
M Cap ₹3,793 Cr
P/E 30.3
PEG —
Into loss: a profit a year ago Operating margin contracted 1721 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-65.4% -6.2%
249 265 719 Operating profit
to loss to loss -6.0 8.1 106 OPM %
-1721 bps -545 bps
-2.4% 3.0% 14.8% Other income
+209.1% -14.9%
14.0 16.4 4.5 Net profit?
to loss to loss -15.0 4.2 66.3 PAT margin %
-1525 bps -762 bps
-6.0% 1.6% 9.2% EPS (₹)
to loss to loss -1.80 0.51 8.59
Quality of profit
Pre-tax profit −₹2.0 Cr: core business −₹16.0 Cr, other income ₹14.0 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹217 Cr.
Borrowings ₹1,183 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹612 ₹249
-59.3% below
M Cap ₹3,786 Cr
P/E 16.8
PEG 1.53
Profit -29% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.7% +24.6%
1,322 1,061 1,216 Operating profit
+0.3% +29.1%
124 96.0 124 OPM %
-79 bps +33 bps
9.4% 9.1% 10.2% Other income
+49.8% +77.5%
27.0 15.2 18.0 Net profit?
-1.4% +51.8%
82.0 54.0 83.2 PAT margin %
-64 bps +111 bps
6.2% 5.1% 6.8% EPS (₹)
-1.4% +51.9%
12.24 8.06 12.41
Quality of profit
Pre-tax profit ₹110 Cr: core business ₹83.0 Cr, other income ₹27.0 Cr.
Core profit YoY: -11.4%
· reported profit -1.4%
Cash & debt
FY26 cash from operations ₹281 Cr:
106% of FY26 net profit of ₹266 Cr.
Borrowings ₹73.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,342 ₹1,322
-1.5% in line Net profit ₹115 ₹82.0
-28.7% below
M Cap ₹3,779 Cr
P/E 30.3
PEG 1.17
Profit -26% below its own trend Operating margin expanded 396 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-16.9% -7.5%
390 422 469 Operating profit
+2.4% +1.2%
82.0 81.0 80.1 OPM %
+396 bps +182 bps
21.0% 19.2% 17.1% Other income
+41.9% -28.6%
5.0 7.0 3.5 Net profit?
-25.3% -3.6%
27.0 28.0 36.1 PAT margin %
-78 bps +28 bps
6.9% 6.6% 7.7% EPS (₹)
-26.4% -5.6%
7.07 7.49 9.61
Quality of profit
Pre-tax profit ₹37.0 Cr: core business ₹33.0 Cr, other income ₹5.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -14.6%
· reported profit -25.3%
Cash & debt
FY26 cash from operations ₹205 Cr:
174% of FY26 net profit of ₹118 Cr.
Borrowings ₹811 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹596 ₹390
-34.6% below Net profit ₹36.5 ₹27.0
-26.0% below
M Cap ₹3,776 Cr
P/E 28.7
PEG —
Operating margin expanded 552 bps YoY Core business grew faster than reported profit (core profit +223%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+134.9% +43.7%
102 71.0 43.4 Operating profit
+160.1% +28.9%
58.0 45.0 22.3 OPM %
+552 bps -652 bps
56.9% 63.4% 51.3% Other income
-64.3% +0.0%
2.0 2.0 5.6 Net profit
+150.0% +35.7%
38.0 28.0 15.2 PAT margin %
+226 bps -218 bps
37.3% 39.4% 35.0% EPS (₹)
+983.0% +33.5%
10.83 8.11 1.00
Quality of profit
Pre-tax profit ₹50.0 Cr: core business ₹49.0 Cr, other income ₹2.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +222.6%
· reported profit +150.0%
M Cap ₹3,758 Cr
P/E 1101.8
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 11968 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+487.5% +340.6%
141 32.0 24.0 Operating profit
from loss from loss 63.0 -24.0 -18.0 OPM %
+11968 bps +11968 bps
44.7% -75.0% -75.0% Other income
+200.0% +300.0%
12.0 3.0 4.0 Net profit
from loss from loss 60.0 -31.4 -20.0 PAT margin %
+12589 bps +14054 bps
42.6% -98.0% -83.3% EPS (₹)
from loss from loss 13.96 -7.25 -4.74
Quality of profit
Pre-tax profit ₹62.0 Cr: core business ₹49.0 Cr, other income ₹12.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹50.0 Cr.
Borrowings ₹84.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹16.2 ₹141
+770.7% above
M Cap ₹3,743 Cr
P/E 19.6
PEG 3.91
Profit -33% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.4% +19.7%
720 602 677 Operating profit
+2.7% +74.2%
95.8 55.0 93.3 OPM %
-49 bps +416 bps
13.3% 9.1% 13.8% Other income
-59.4% -24.0%
0.8 1.0 1.9 Net profit?
-12.0% +34.8%
55.3 41.0 62.8 PAT margin %
-160 bps +86 bps
7.7% 6.8% 9.3% EPS (₹)
-12.1% +36.3%
6.05 4.44 6.88
Quality of profit
Pre-tax profit ₹70.4 Cr: core business ₹69.6 Cr, other income ₹0.8 Cr.
Core profit YoY: +0.5%
· reported profit -12.0%
Cash & debt
FY26 cash from operations ₹254 Cr:
130% of FY26 net profit of ₹195 Cr.
Borrowings ₹577 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹735 ₹720
-2.0% in line Net profit ₹82.0 ₹55.3
-32.6% below
Into loss: a profit a year ago Profit -652% below its own trend Operating margin contracted 713 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-30.7% +88.8%
338 179 488 Operating profit
-53.3% +138.1%
50.0 21.0 107 OPM %
-713 bps +306 bps
14.8% 11.7% 21.9% Other income
to loss to loss -196 8.0 11.0 Net profit?
to loss to loss -218 20.0 79.0 PAT margin %
-8069 bps -7567 bps
-64.5% 11.2% 16.2% EPS (₹)
to loss to loss -31.75 3.00 11.50
Quality of profit
Pre-tax profit −₹157 Cr: core business ₹39.0 Cr, other income −₹196 Cr.
Core profit YoY: -60.6%
Cash & debt
FY26 cash from operations −₹81.0 Cr.
Borrowings ₹173 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹307 ₹338
+10.2% above Net profit ₹39.5 −₹218
-651.9% below
M Cap ₹3,720 Cr
P/E 31.2
PEG 0.50
Profit -48% below its own trend Operating margin contracted 200 bps YoY 45% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+48.2% -10.8%
323 362 218 Operating profit
+12.0% -70.6%
20.0 68.0 17.9 OPM %
-200 bps -1259 bps
6.2% 18.8% 8.2% Other income
+3.8% +9.1%
12.0 11.0 11.6 Net profit?
+3.2% -63.2%
21.0 57.0 20.3 PAT margin %
-283 bps -924 bps
6.5% 15.7% 9.3% EPS (₹)
+1.5% -62.9%
2.09 5.64 2.06
Quality of profit
Pre-tax profit ₹29.0 Cr: core business ₹16.0 Cr, other income ₹12.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +8.7%
· reported profit +3.2%
Cash & debt
FY26 cash from operations ₹342 Cr:
287% of FY26 net profit of ₹119 Cr.
Borrowings ₹323 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹436 ₹323
-25.9% below Net profit ₹40.7 ₹21.0
-48.4% below
M Cap ₹3,706 Cr
P/E 110.2
PEG 1.22
Profit +28% above its own trend Operating margin contracted 1333 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
+20.4% +9.6%
89.2 81.4 74.1 Operating profit
to loss to loss -0.4 11.7 9.6 OPM %
-1333 bps -1474 bps
-0.4% 14.3% 12.9% Other income
— —
12.8 0.4 0.5 Net profit?
+75.6% +8.0%
6.6 6.1 3.7 PAT margin %
+232 bps -10 bps
7.4% 7.5% 5.1% EPS (₹)
+74.3% +8.0%
1.22 1.13 0.70
Quality of profit
Pre-tax profit ₹8.8 Cr: core business −₹3.9 Cr, other income ₹12.8 Cr.
Core profit YoY: to loss
· reported profit +75.6%
Cash & debt
FY26 cash from operations −₹1.0 Cr:
-2% of FY26 net profit of ₹45.9 Cr.
Borrowings ₹32.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹61.2 ₹89.2
+45.7% above Net profit ₹5.2 ₹6.6
+27.6% above
M Cap ₹3,706 Cr
P/E 12.2
PEG 0.35
Operating margin contracted 591 bps YoY 58% 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
-2.1% +10.4%
575 521 587 Operating profit
-42.7% +6.7%
48.0 45.0 83.7 OPM %
-591 bps -29 bps
8.3% 8.6% 14.3% Other income
+18.9% -96.2%
11.0 287 9.2 Net profit?
-79.2% -95.8%
11.0 264 53.0 PAT margin %
-711 bps -4876 bps
1.9% 50.7% 9.0% EPS (₹)
-79.4% -95.9%
1.55 37.54 7.52
Quality of profit
Pre-tax profit ₹19.0 Cr: core business ₹8.0 Cr, other income ₹11.0 Cr.
Core profit YoY: -83.5%
· reported profit -79.2%
Cash & debt
FY26 cash from operations ₹4.0 Cr:
2% of FY26 net profit of ₹253 Cr.
Borrowings ₹500 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹682 ₹575
-15.6% below
M Cap ₹3,683 Cr
P/E 137.0
PEG 1.57
Profit -54% below its own trend Operating margin contracted 339 bps YoY 35% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -48%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.8% +2.6%
153 149 135 Operating profit
-22.5% -26.5%
11.1 15.1 14.3 OPM %
-339 bps -287 bps
7.3% 10.1% 10.7% Other income
— from loss 2.3 -4.6 0.2 Net profit?
-8.5% +83.3%
8.0 4.3 8.7 PAT margin %
-126 bps +229 bps
5.2% 2.9% 6.5% EPS (₹)
-10.9% +78.3%
0.41 0.23 0.46
Quality of profit
Pre-tax profit ₹6.7 Cr: core business ₹4.4 Cr, other income ₹2.3 Cr.
Core profit YoY: -48.3%
· reported profit -8.5%
Cash & debt
FY26 cash from operations ₹93.0 Cr:
263% of FY26 net profit of ₹35.3 Cr.
Borrowings ₹88.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹191 ₹153
-19.9% below Net profit ₹17.3 ₹8.0
-54.1% below
M Cap ₹3,681 Cr
P/E 33.6
PEG 3.36
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+10.0% +4.6%
948 906 862 Operating profit
+14.9% +13.2%
77.0 68.0 67.0 OPM %
+35 bps +62 bps
8.1% 7.5% 7.8% Other income
-33.3% from loss 2.0 -7.0 3.0 Net profit
+29.0% +53.8%
40.0 26.0 31.0 PAT margin %
+62 bps +135 bps
4.2% 2.9% 3.6% EPS (₹)
+28.6% +54.9%
1.89 1.22 1.47
Quality of profit
Pre-tax profit ₹54.0 Cr: core business ₹52.0 Cr, other income ₹2.0 Cr.
Core profit YoY: +33.3%
· reported profit +29.0%
Cash & debt
FY26 cash from operations ₹110 Cr:
115% of FY26 net profit of ₹96.0 Cr.
Borrowings ₹93.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹931 ₹948
+1.9% in line Net profit ₹38.5 ₹40.0
+3.8% in line
M Cap ₹3,672 Cr
P/E 33.7
PEG 6.74
Profit -84% below its own trend 86% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +56%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.0% +4.5%
328 314 301 Operating profit
+17.1% +15.4%
46.6 40.4 39.8 OPM %
+99 bps +134 bps
14.2% 12.9% 13.2% Other income
loss widened to loss -31.2 7.0 -0.9 Net profit?
-79.2% -83.3%
5.1 30.4 24.4 PAT margin %
-655 bps -813 bps
1.5% 9.7% 8.1% EPS (₹)
-79.2% -83.5%
5.88 35.54 28.25
Quality of profit
Pre-tax profit ₹142 Cr: core business ₹19.3 Cr, other income −₹31.2 Cr, exceptional & other items ₹154 Cr.
Core profit YoY: +55.8%
· reported profit -79.2%
Cash & debt
FY26 cash from operations ₹132 Cr:
126% of FY26 net profit of ₹105 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹384 ₹328
-14.4% below Net profit ₹32.6 ₹5.1
-84.4% below
M Cap ₹3,659 Cr
P/E 27.1
PEG 0.71
Profit -29% below its own trend Operating margin contracted 311 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+10.4% +3.4%
1,158 1,119 1,048 Operating profit
-34.6% -17.1%
52.2 63.0 79.9 OPM %
-311 bps -112 bps
4.5% 5.6% 7.6% Other income
-7.5% -24.5%
6.0 8.0 6.5 Net profit?
-37.3% -31.6%
23.9 35.0 38.2 PAT margin %
-157 bps -106 bps
2.1% 3.1% 3.6% EPS (₹)
-36.7% -30.3%
2.60 3.73 4.11
Quality of profit
Pre-tax profit ₹32.0 Cr: core business ₹25.2 Cr, other income ₹6.0 Cr, exceptional & other items ₹0.8 Cr.
Core profit YoY: -56.5%
· reported profit -37.3%
Cash & debt
FY26 cash from operations ₹237 Cr:
157% of FY26 net profit of ₹150 Cr.
Borrowings ₹361 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,149 ₹1,158
+0.7% in line Net profit ₹33.7 ₹23.9
-29.0% below
M Cap ₹3,658 Cr
P/E 40.4
PEG 5.77
Profit -32% below its own trend Operating margin contracted 577 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-6.7% +15.0%
112 97.4 120 Operating profit
-23.7% +5.4%
29.0 27.5 38.0 OPM %
-577 bps -235 bps
25.9% 28.2% 31.7% Other income
+150.0% +35.2%
5.0 3.7 2.0 Net profit
-14.8% +11.7%
23.0 20.6 27.0 PAT margin %
-196 bps -60 bps
20.5% 21.1% 22.5% EPS (₹)
-13.6% +12.8%
2.29 2.03 2.65
Quality of profit
Pre-tax profit ₹31.0 Cr: core business ₹26.0 Cr, other income ₹5.0 Cr.
Core profit YoY: -25.7%
· reported profit -14.8%
Cash & debt
FY26 cash from operations ₹86.0 Cr:
99% of FY26 net profit of ₹86.7 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹131 ₹112
-14.4% below Net profit ₹33.7 ₹23.0
-31.7% below
M Cap ₹3,643 Cr
P/E 10.8
PEG —
28% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.5% +11.9%
1,827 1,633 1,748 Operating profit
+4.9% +17.4%
216 184 206 OPM %
+4 bps +55 bps
11.8% 11.3% 11.8% Other income
+20.5% from loss 47.0 -11.0 39.0 Net profit?
+13.4% +122.4%
110 49.5 97.0 PAT margin %
+47 bps +299 bps
6.0% 3.0% 5.5% EPS (₹)
-8.7% +111.8%
41.01 19.36 44.94
Quality of profit
Pre-tax profit ₹162 Cr: core business ₹116 Cr, other income ₹47.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +12.6%
· reported profit +13.4%
Cash & debt
FY26 cash from operations ₹870 Cr:
247% of FY26 net profit of ₹353 Cr.
Borrowings ₹1,113 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,797 ₹1,827
+1.7% in line Net profit ₹118 ₹110
-7.1% in line
M Cap ₹3,628 Cr
P/E 12.3
PEG 1.11
Operating margin expanded 337 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+18.6% -49.0%
107 210 90.3 Operating profit
loss narrowed to loss -16.0 21.0 -16.5 OPM %
+337 bps -2495 bps
-15.0% 10.0% -18.3% Other income
-52.7% -25.0%
6.0 8.0 12.7 Net profit?
loss widened to loss -28.0 13.0 -22.9 PAT margin %
-84 bps -3236 bps
-26.2% 6.2% -25.3% EPS (₹)
loss widened to loss -5.41 2.53 -4.53
Quality of profit
Pre-tax profit −₹27.0 Cr: core business −₹32.0 Cr, other income ₹6.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹6.0 Cr:
-2% of FY26 net profit of ₹296 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹103 ₹107
+4.2% in line
₹ Cr
Mar 2026
Sales
674 Operating profit
86.0 OPM %
12.8% Other income
6.0 Net profit
36.0 PAT margin %
5.3% EPS (₹)
3.16
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 ₹49.0 Cr: core business ₹43.0 Cr, other income ₹6.0 Cr.
Cash & debt
Borrowings ₹478 Cr at Mar 2025.
M Cap ₹3,604 Cr
P/E 77.9
PEG —
Operating margin expanded 148 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+75.5% +46.0%
179 123 102 Operating profit
+89.5% +19.6%
36.0 30.1 19.0 OPM %
+148 bps -445 bps
20.1% 24.6% 18.6% Other income
-50.0% -6.8%
1.0 1.1 2.0 Net profit?
+85.7% +28.2%
26.0 20.3 14.0 PAT margin %
+80 bps -202 bps
14.5% 16.5% 13.7% EPS (₹)
+76.1% +25.5%
12.47 9.94 7.08
Quality of profit
Pre-tax profit ₹33.0 Cr: core business ₹31.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +93.8%
· reported profit +85.7%
Cash & debt
FY26 cash from operations −₹40.0 Cr.
Borrowings ₹55.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹204 ₹179
-12.3% below Net profit ₹27.8 ₹26.0
-6.5% in line
Turnaround: profit against a loss a year ago
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— +443.8%
209 38.4 11.8 Operating profit
loss widened loss widened -90.3 -18.2 -83.6 OPM %
— +420 bps
-43.3% -47.4% — Other income
— —
91.3 3.9 2.1 Net profit?
from loss from loss 1.6 -21.0 -105 PAT margin %
— +5556 bps
0.8% -54.8% — EPS (₹)
from loss from loss 0.05 -0.71 -3.54
Quality of profit
Pre-tax profit −₹17.1 Cr: core business −₹108 Cr, other income ₹91.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹191 Cr:
1004% of FY26 net profit of ₹19.0 Cr.
Borrowings ₹1,895 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹23.6 ₹209
+783.2% above
M Cap ₹3,589 Cr
P/E 30.1
PEG 0.64
Profit +115% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.2% +3.2%
1,048 1,015 902 Operating profit
+23.1% +6.7%
98.0 91.9 79.6 OPM %
+52 bps +30 bps
9.4% 9.1% 8.8% Other income
-49.9% -42.5%
2.0 3.5 4.0 Net profit
+329.2% +13.4%
37.0 32.6 8.6 PAT margin %
+257 bps +32 bps
3.5% 3.2% 1.0% EPS (₹)
+331.7% +14.1%
13.47 11.81 3.12
Quality of profit
Pre-tax profit ₹49.0 Cr: core business ₹47.0 Cr, other income ₹2.0 Cr.
Core profit YoY: +74.9%
· reported profit +329.2%
Cash & debt
FY26 cash from operations ₹221 Cr:
199% of FY26 net profit of ₹111 Cr.
Borrowings ₹730 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,568 ₹1,048
-33.2% below Net profit ₹17.2 ₹37.0
+114.6% above
M Cap ₹3,582 Cr
P/E 32.2
PEG 1.19
Profit -83% below its own trend Operating margin contracted 617 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
-15.9% +8.2%
788 728 936 Operating profit
-38.8% +1.7%
130 127 212 OPM %
-617 bps -105 bps
16.5% 17.5% 22.6% Other income
-27.0% -31.7%
67.4 98.7 92.4 Net profit?
-66.0% -21.0%
42.8 54.3 126 PAT margin %
-801 bps -201 bps
5.4% 7.5% 13.5% EPS (₹)
-65.2% -20.0%
0.08 0.10 0.23
Quality of profit
Pre-tax profit ₹42.8 Cr: core business −₹24.6 Cr, other income ₹67.4 Cr.
Core profit YoY: to loss
· reported profit -66.0%
Cash & debt
FY26 cash from operations ₹372 Cr:
709% of FY26 net profit of ₹52.4 Cr.
Borrowings ₹3,711 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹913 ₹788
-13.8% below Net profit ₹252 ₹42.8
-83.0% below
M Cap ₹3,560 Cr
P/E 13.1
PEG —
Profit +78% above its own trend Operating margin expanded 479 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-12.1% -4.9%
826 869 940 Operating profit
+33.3% +176.2%
116 42.0 87.0 OPM %
+479 bps +921 bps
14.0% 4.8% 9.3% Other income
+300.0% from loss 12.0 -1.0 3.0 Net profit?
+32.7% +356.2%
73.0 16.0 55.0 PAT margin %
+299 bps +700 bps
8.8% 1.8% 5.9% EPS (₹)
+34.3% +349.7%
41.78 9.29 31.12
Quality of profit
Pre-tax profit ₹93.0 Cr: core business ₹81.0 Cr, other income ₹12.0 Cr.
Core profit YoY: +39.7%
· reported profit +32.7%
Cash & debt
FY26 cash from operations ₹183 Cr:
98% of FY26 net profit of ₹186 Cr.
Borrowings ₹326 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,226 ₹826
-32.6% below Net profit ₹41.1 ₹73.0
+77.6% above
M Cap ₹3,543 Cr
P/E 11.2
PEG —
Operating margin expanded 373 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+60.6% +70.3%
1,097 644 683 Operating profit
+114.5% +38.1%
163 118 76.0 OPM %
+373 bps -346 bps
14.9% 18.3% 11.1% Other income
+185.7% +100.0%
20.0 10.0 7.0 Net profit?
+89.3% +34.2%
106 79.0 56.0 PAT margin %
+146 bps -260 bps
9.7% 12.3% 8.2% EPS (₹)
+43.0% +30.8%
4.59 3.51 3.21
Quality of profit
Pre-tax profit ₹146 Cr: core business ₹126 Cr, other income ₹20.0 Cr.
Core profit YoY: +88.1%
· reported profit +89.3%
M Cap ₹3,534 Cr
P/E 21.4
PEG 1.65
Profit +99% above its own trend Operating margin expanded 780 bps YoY Core business grew faster than reported profit (core profit +136%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.4% +22.1%
355 291 340 Operating profit
+96.7% +52.5%
59.0 38.7 30.0 OPM %
+780 bps +331 bps
16.6% 13.3% 8.8% Other income
+8.3% +9.2%
13.0 11.9 12.0 Net profit?
+92.3% +54.7%
50.0 32.3 26.0 PAT margin %
+644 bps +296 bps
14.1% 11.1% 7.6% EPS (₹)
+91.2% +53.5%
1.09 0.71 0.57
Quality of profit
Pre-tax profit ₹65.0 Cr: core business ₹52.0 Cr, other income ₹13.0 Cr.
Core profit YoY: +136.4%
· reported profit +92.3%
Cash & debt
FY26 cash from operations ₹152 Cr:
92% of FY26 net profit of ₹165 Cr.
Borrowings ₹15.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹353 ₹355
+0.5% in line Net profit ₹25.1 ₹50.0
+98.9% above
M Cap ₹3,530 Cr
P/E 12.0
PEG 6.01
Profit -12% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+2.2% +2.4%
633 618 619 Operating profit
-0.5% +91.9%
161 84.0 162 OPM %
-71 bps +1188 bps
25.5% 13.6% 26.2% Other income
-29.3% +13.2%
9.8 8.6 13.8 Net profit?
-19.0% +37.7%
79.1 57.4 97.6 PAT margin %
-327 bps +321 bps
12.5% 9.3% 15.8% EPS (₹)
-19.0% +37.8%
4.81 3.49 5.94
Quality of profit
Pre-tax profit ₹107 Cr: core business ₹95.6 Cr, other income ₹9.8 Cr, exceptional & other items ₹1.9 Cr.
Core profit YoY: -16.8%
· reported profit -19.0%
Cash & debt
FY26 cash from operations ₹390 Cr:
129% of FY26 net profit of ₹303 Cr.
Borrowings ₹221 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹630 ₹633
+0.5% in line Net profit ₹89.6 ₹79.1
-11.8% below
M Cap ₹3,528 Cr
P/E 7.5
PEG —
Operating margin contracted 567 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+1.2% +4.5%
791 757 781 Operating profit
-19.3% +10.7%
176 159 218 OPM %
-567 bps +125 bps
22.3% 21.0% 27.9% Other income
-40.0% -12.5%
14.0 16.0 23.3 Net profit?
-22.8% +9.4%
116 106 150 PAT margin %
-456 bps +66 bps
14.7% 14.0% 19.2% EPS (₹)
-20.0% +9.1%
12.58 11.53 15.72
Quality of profit
Pre-tax profit ₹160 Cr: core business ₹147 Cr, other income ₹14.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -20.9%
· reported profit -22.8%
Cash & debt
FY26 cash from operations ₹687 Cr:
145% of FY26 net profit of ₹473 Cr.
Borrowings ₹83.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹745 ₹791
+6.1% above Net profit ₹124 ₹116
-6.3% in line
M Cap ₹3,522 Cr
P/E 24.4
PEG 3.49
Profit +63% above its own trend Operating margin expanded 270 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.0% +6.3%
458 431 428 Operating profit
+46.3% +7.0%
46.0 43.0 31.4 OPM %
+270 bps +7 bps
10.0% 10.0% 7.3% Other income
+39.2% -23.1%
10.0 13.0 7.2 Net profit
+72.3% +0.0%
34.0 34.0 19.7 PAT margin %
+281 bps -47 bps
7.4% 7.9% 4.6% EPS (₹)
+45.0% +0.9%
3.51 3.48 2.42
Quality of profit
Pre-tax profit ₹46.0 Cr: core business ₹35.0 Cr, other income ₹10.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +77.9%
· reported profit +72.3%
Cash & debt
FY26 cash from operations ₹106 Cr:
86% of FY26 net profit of ₹123 Cr.
Borrowings ₹93.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹425 ₹458
+7.8% above Net profit ₹20.8 ₹34.0
+63.1% above
M Cap ₹3,517 Cr
P/E 37.2
PEG 2.66
Profit +130% above its own trend Operating margin expanded 404 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-3.0% +81.3%
291 160 300 Operating profit
+16.9% +306.9%
69.0 17.0 59.0 OPM %
+404 bps +1315 bps
23.7% 10.6% 19.7% Other income
+200.0% +120.4%
9.0 4.1 3.0 Net profit?
+58.3% +336.2%
57.0 13.1 36.0 PAT margin %
+759 bps +1145 bps
19.6% 8.1% 12.0% EPS (₹)
+55.7% +331.2%
8.97 2.08 5.76
Quality of profit
Pre-tax profit ₹69.0 Cr: core business ₹61.0 Cr, other income ₹9.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +27.1%
· reported profit +58.3%
Cash & debt
FY26 cash from operations ₹56.0 Cr:
74% of FY26 net profit of ₹76.1 Cr.
Borrowings ₹103 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹336 ₹291
-13.5% below Net profit ₹24.8 ₹57.0
+130.3% 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
