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.
Updated 14 Oct 2026, 03:27 IST
5115 declared
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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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538081
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -63% 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
— -41.6%
2.0 3.4 0.0
Operating profit
loss narrowed loss narrowed
-0.1 -0.5 -0.2
OPM %
— +570 bps
-7.6% -13.3% —
Other income
-9.8% -3.5%
0.6 0.6 0.6
Net profit
-26.5% from loss
0.2 -0.1 0.3
PAT margin %
— +1440 bps
12.6% -1.8% —
EPS (₹)
-27.3% from loss
0.16 -0.04 0.22
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.4 Cr, other income ₹0.6 Cr.
Core profit YoY: loss widened
· reported profit -26.5%
Cash & debt
FY26 cash from operations ₹1.2 Cr:
163% of FY26 net profit of ₹0.7 Cr.
Borrowings ₹0.3 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.7 ₹0.2
-63.2% below
538401
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +191% above its own trend Operating margin expanded 1211 bps YoY 30% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +453%) FY26 operating cash flow was only 24% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+51.3% +6.7%
11.9 11.2 7.9
Operating profit
+328.8% -31.0%
2.2 3.2 0.5
OPM %
+1211 bps -1021 bps
18.7% 28.9% 6.6%
Other income
+21.6% +900.0%
0.9 0.1 0.7
Net profit?
+173.3% -13.6%
2.4 2.7 0.9
PAT margin %
+880 bps -464 bps
19.7% 24.4% 10.9%
EPS (₹)
+173.1% -13.8%
4.26 4.94 1.56
Quality of profit
Core 70% Other income & one-offs 30%
Pre-tax profit ₹3.0 Cr: core business ₹2.1 Cr, other income ₹0.9 Cr.
Core profit YoY: +452.6%
· reported profit +173.3%
Cash & debt
FY26 cash from operations ₹1.8 Cr:
24% of FY26 net profit of ₹7.3 Cr.
Borrowings ₹1.6 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹7.9 ₹11.9
+50.9% above
Net profit ₹0.8 ₹2.4
+191.1% above
538422
· 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
-20.0% -7.7%
0.1 0.1 0.1
Operating profit
loss narrowed to loss
-0.1 0.2 -1.0
OPM %
— —
-100.0% — —
Other income
from loss —
1.4 0.0 -0.1
Net profit
from loss —
2.1 0.1 -1.0
EPS (₹)
from loss —
0.07 0.00 -0.03
Quality of profit
Pre-tax profit ₹1.3 Cr: core business −₹0.1 Cr, other income ₹1.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹8.5 Cr:
356% of FY26 net profit of ₹2.4 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.1
-17.4% below
538496
· H2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 2253 bps YoY 38% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+11.6% +15.7%
1.2 1.1 1.1
Operating profit
from loss -55.3%
0.2 0.4 -0.1
OPM %
+2253 bps -2159 bps
13.6% 35.2% -8.9%
Other income
-57.9% -11.1%
0.1 0.1 0.2
Net profit?
+17.9% -33.3%
0.7 1.0 0.6
PAT margin %
+280 bps -3887 bps
52.8% 91.7% 50.0%
EPS (₹)
+18.6% -32.9%
0.51 0.76 0.43
Quality of profit
Core 62% Other income & one-offs 38%
Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: from loss
· reported profit +17.9%
Cash & debt
FY26 cash from operations −₹1.2 Cr.
Borrowings ₹13.6 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1.0 ₹1.2
+22.1% above
538568
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 371 bps YoY 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+34.5% -9.2%
1.5 1.6 1.1
Operating profit
-7.7% -57.1%
0.1 0.3 0.1
OPM %
-371 bps -907 bps
8.1% 17.2% 11.8%
Other income
from loss —
0.0 0.0 -0.0
Net profit
loss widened to loss
-1.3 0.2 -0.1
PAT margin %
-8145 bps -10404 bps
-90.5% 13.5% -9.1%
EPS (₹)
loss widened to loss
-3.35 0.55 -0.25
Quality of profit
Core 67% Other income & one-offs 33%
Pre-tax profit ₹0.0 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹0.6 Cr.
Borrowings ₹0.5 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2.2 ₹1.5
-32.7% below
538569
· 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 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 0.6
Operating profit
loss narrowed loss narrowed
-0.1 -0.1 -0.1
Other income
+500.0% -7.7%
0.1 0.1 0.0
Net profit
from loss +400.0%
0.1 0.0 -0.1
EPS (₹)
from loss —
0.01 0.00 -0.02
Quality of profit
Pre-tax profit ₹0.1 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:
-531% of FY26 net profit of ₹0.1 Cr.
Borrowings nil at Mar 2026.
538579
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -38% below its own trend Operating margin contracted 3791 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+906.1% +144.1%
3.3 1.4 0.3
Operating profit
+7.1% -6.3%
0.1 0.2 0.1
OPM %
-3791 bps -725 bps
4.5% 11.8% 42.4%
Other income
+300.0% +471.4%
0.4 0.1 0.1
Net profit
+25.0% +42.9%
0.3 0.2 0.2
PAT margin %
-6369 bps -641 bps
9.0% 15.4% 72.7%
EPS (₹)
+23.5% +40.0%
0.42 0.30 0.34
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.1 Cr, other income ₹0.4 Cr.
Core profit YoY: to loss
· reported profit +25.0%
Cash & debt
FY26 cash from operations −₹5.7 Cr.
Borrowings ₹6.2 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.5 ₹0.3
-37.5% below
538610
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -82% below its own trend Operating margin contracted 188 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
-27.2% -46.0%
88.5 164 122
Operating profit
-59.8% -76.0%
2.1 8.6 5.1
OPM %
-188 bps -290 bps
2.3% 5.2% 4.2%
Other income
+115.7% +511.1%
1.1 0.2 0.5
Net profit?
-68.0% -83.0%
0.7 4.3 2.3
PAT margin %
-105 bps -180 bps
0.8% 2.6% 1.9%
EPS (₹)
— -86.7%
0.02 0.15 0.08
No EPS growth against Mar 2025: ₹10 to ₹1 split in Nov 2025.
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹0.2 Cr, other income ₹1.1 Cr.
Core profit YoY: to loss
· reported profit -68.0%
Cash & debt
FY26 cash from operations −₹39.0 Cr:
-534% of FY26 net profit of ₹7.3 Cr.
Borrowings ₹76.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹239 ₹88.5
-63.0% below
Net profit ₹3.9 ₹0.7
-81.5% below
538611
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +11% above its own trend Operating margin expanded 1182 bps YoY 47% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +130%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+44.6% +29.8%
11.3 8.7 7.8
Operating profit
+75.8% +14.2%
7.5 6.6 4.3
OPM %
+1182 bps -908 bps
66.6% 75.7% 54.8%
Other income
+850.0% —
0.9 0.1 0.1
Net profit
+42.6% +12.8%
1.0 0.9 0.7
PAT margin %
-12 bps -129 bps
8.6% 9.9% 8.7%
EPS (₹)
+40.7% +11.8%
0.76 0.68 0.54
Quality of profit
Core 53% Other income & one-offs 47%
Pre-tax profit ₹2.0 Cr: core business ₹1.1 Cr, other income ₹0.9 Cr.
Core profit YoY: +129.8%
· reported profit +42.6%
Cash & debt
FY26 cash from operations ₹33.4 Cr:
644% of FY26 net profit of ₹5.2 Cr.
Borrowings ₹232 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹10.0 ₹11.3
+13.6% above
Net profit ₹0.9 ₹1.0
+10.9% above
538794
· H2 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 vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
from loss -42.9%
0.2 0.3 -0.1
Operating profit
loss widened loss widened
-1.2 -0.3 -0.8
Other income
+84.8% +281.2%
1.2 0.3 0.7
Net profit
from loss +0.0%
0.0 0.0 -0.2
PAT margin %
— +429 bps
10.0% 5.7% —
EPS (₹)
from loss +0.0%
0.02 0.02 -0.16
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹1.2 Cr, other income ₹1.2 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations −₹4.2 Cr.
Borrowings ₹0.3 Cr at Mar 2026.
538812
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1412 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
+10.9% +97.6%
38.4 19.4 34.6
Operating profit
from loss -80.3%
0.1 0.7 -4.8
OPM %
+1412 bps -306 bps
0.3% 3.4% -13.8%
Other income
from loss —
1.9 0.1 -12.5
Net profit
from loss +108.8%
1.2 0.6 -13.1
PAT margin %
+4082 bps +17 bps
3.1% 2.9% -37.7%
EPS (₹)
from loss +109.0%
4.20 2.01 -6.26
Quality of profit
Pre-tax profit ₹1.9 Cr: core business −₹0.0 Cr, other income ₹1.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹1.8 Cr:
-88% of FY26 net profit of ₹2.0 Cr.
Borrowings ₹1.7 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹18.9 ₹38.4
+103.5% above
538817
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -72% below its own trend Operating margin expanded 533 bps YoY 56% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +3%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-14.6% -3.6%
19.4 20.1 22.7
Operating profit
+47.3% +30.9%
2.5 1.9 1.7
OPM %
+533 bps +334 bps
12.7% 9.3% 7.4%
Other income
-66.1% +1.4%
1.5 1.5 4.4
Net profit?
-56.1% +22.3%
2.3 1.9 5.2
PAT margin %
-1121 bps +252 bps
11.9% 9.3% 23.1%
EPS (₹)
-55.9% +25.0%
0.15 0.12 0.34
Quality of profit
Core 44% Other income & one-offs 56%
Pre-tax profit ₹2.7 Cr: core business ₹1.2 Cr, other income ₹1.5 Cr.
Core profit YoY: +2.7%
· reported profit -56.1%
Cash & debt
FY26 cash from operations ₹10.2 Cr:
145% of FY26 net profit of ₹7.0 Cr.
Borrowings ₹31.2 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹22.9 ₹19.4
-15.3% below
Net profit ₹8.1 ₹2.3
-71.7% below
538862
· 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 Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
loss widened to loss
-0.2 0.1 -0.2
Operating profit
loss narrowed to loss
-0.3 0.2 -2.1
Other income
— +106.3%
3.3 1.6 0.1
Net profit
from loss +58.0%
2.9 1.8 -2.3
EPS (₹)
from loss +57.4%
1.70 1.08 -1.35
Quality of profit
Pre-tax profit ₹2.9 Cr: core business −₹0.4 Cr, other income ₹3.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹9.6 Cr:
-229% of FY26 net profit of ₹4.2 Cr.
Borrowings ₹0.4 Cr at Mar 2026.
538896
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit +118% above its own trend Operating margin expanded 116 bps YoY 97% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.2% +18.5%
40.2 33.9 33.7
Operating profit
+92.2% +57.7%
1.2 0.8 0.6
OPM %
+116 bps +76 bps
3.1% 2.3% 1.9%
Other income
-17.2% -4.5%
1.1 1.1 1.3
Net profit?
+9.2% +77.5%
0.7 0.4 0.7
PAT margin %
-16 bps +59 bps
1.8% 1.2% 1.9%
EPS (₹)
+0.0% +77.2%
1.63 0.92 1.63
Quality of profit
Core 3% Other income & one-offs 97%
Pre-tax profit ₹1.1 Cr: core business ₹0.0 Cr, other income ₹1.1 Cr.
Core profit YoY: from loss
· reported profit +9.2%
Cash & debt
FY26 cash from operations −₹6.0 Cr:
-116% of FY26 net profit of ₹5.2 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.0 ₹40.2
+21.7% above
Net profit ₹0.3 ₹0.7
+118.5% above
538921
· H2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -24% below its own trend Operating margin expanded 586 bps YoY 96% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-37.4% -11.1%
3.6 4.1 5.8
Operating profit
-24.7% +62.3%
1.2 0.8 1.7
OPM %
+586 bps +1566 bps
34.6% 19.0% 28.8%
Other income
-38.1% -43.1%
2.2 3.9 3.5
Net profit?
-43.3% -39.5%
1.6 2.7 2.9
PAT margin %
-466 bps -2132 bps
45.4% 66.7% 50.1%
EPS (₹)
-40.4% -36.2%
1.36 2.13 2.28
Quality of profit
Core 4% Other income & one-offs 96%
Pre-tax profit ₹2.3 Cr: core business ₹0.1 Cr, other income ₹2.2 Cr.
Core profit YoY: from loss
· reported profit -43.3%
Cash & debt
FY26 cash from operations ₹8.1 Cr.
Borrowings ₹15.4 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹4.3 ₹3.6
-16.1% below
Net profit ₹2.1 ₹1.6
-23.6% below
538922
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -51% below its own trend Operating margin expanded 5014 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
-64.6% -21.0%
1.7 2.1 4.8
Operating profit
from loss +19.2%
0.3 0.3 -1.5
OPM %
+5014 bps +619 bps
18.3% 12.1% -31.8%
Other income
-95.8% -18.2%
0.1 0.1 2.1
Net profit
-57.1% +0.0%
0.0 0.0 0.1
PAT margin %
+31 bps +37 bps
1.8% 1.4% 1.5%
EPS (₹)
-55.6% +0.0%
0.04 0.04 0.09
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
· reported profit -57.1%
Cash & debt
FY26 cash from operations ₹1.3 Cr:
1075% of FY26 net profit of ₹0.1 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3.9 ₹1.7
-56.9% below
Net profit ₹0.1 ₹0.0
-51.0% below
538923
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
31% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-61.5% -34.4%
0.4 0.6 1.0
Operating profit
-60.9% -64.7%
0.2 0.5 0.5
OPM %
+77 bps -3861 bps
45.0% 83.6% 44.2%
Other income
+700.0% +166.7%
0.1 0.0 0.0
Net profit?
-71.2% -57.5%
0.2 0.4 0.6
PAT margin %
-1423 bps -2307 bps
42.5% 65.6% 56.7%
EPS (₹)
-70.8% -58.8%
0.07 0.17 0.24
Quality of profit
Core 69% Other income & one-offs 31%
Pre-tax profit ₹0.3 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: -60.9%
· reported profit -71.2%
Cash & debt
FY26 cash from operations ₹0.5 Cr:
96% of FY26 net profit of ₹0.5 Cr.
Borrowings nil at Mar 2026.
538942
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 123 bps YoY All of pre-tax profit came from other income or one-off items FY26 operating cash flow was only 42% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+22.9% -5.6%
23.7 25.1 19.3
Operating profit
to loss to loss
-0.2 0.4 0.1
OPM %
-123 bps -273 bps
-1.0% 1.8% 0.3%
Other income
+6.6% +211.9%
2.1 0.7 2.0
Net profit?
-72.1% +140.7%
1.9 0.8 7.0
PAT margin %
-2805 bps +501 bps
8.2% 3.2% 36.3%
EPS (₹)
-61.7% +19.2%
0.31 0.26 0.81
Quality of profit
Pre-tax profit ₹1.6 Cr: core business −₹0.5 Cr, other income ₹2.1 Cr.
Core profit YoY: loss widened
· reported profit -72.1%
Cash & debt
FY26 cash from operations ₹0.8 Cr:
42% of FY26 net profit of ₹2.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹24.8 ₹23.7
-4.6% in line
538964
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -40% below its own trend 39% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -16%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-1.1% +11.4%
20.4 18.4 20.7
Operating profit
-4.2% -19.0%
2.0 2.5 2.1
OPM %
-33 bps -375 bps
10.0% 13.7% 10.3%
Other income
+272.2% from loss
0.7 -0.1 0.2
Net profit
+10.8% +23.0%
1.2 1.0 1.1
PAT margin %
+64 bps +57 bps
6.0% 5.4% 5.4%
EPS (₹)
+10.8% +23.0%
10.25 8.33 9.25
Quality of profit
Core 62% Other income & one-offs 38%
Pre-tax profit ₹1.7 Cr: core business ₹1.1 Cr, other income ₹0.7 Cr.
Core profit YoY: -15.7%
· reported profit +10.8%
Cash & debt
FY26 cash from operations ₹4.2 Cr:
88% of FY26 net profit of ₹4.8 Cr.
Borrowings ₹8.4 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹22.0 ₹20.4
-7.2% below
Net profit ₹2.0 ₹1.2
-40.0% below
538970
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -81% below its own trend Operating margin contracted 1141 bps YoY 64% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.6% +88.9%
118 62.7 109
Operating profit
-63.5% +37.7%
6.8 5.0 18.7
OPM %
-1141 bps -214 bps
5.8% 7.9% 17.2%
Other income
+670.0% +1000.0%
0.8 0.1 0.1
Net profit?
-90.7% —
0.6 0.0 6.5
PAT margin %
-541 bps +46 bps
0.5% 0.0% 5.9%
EPS (₹)
-90.5% —
0.02 0.00 0.21
Quality of profit
Core 36% Other income & one-offs 64%
Pre-tax profit ₹1.2 Cr: core business ₹0.4 Cr, other income ₹0.8 Cr.
Core profit YoY: -95.4%
· reported profit -90.7%
Cash & debt
FY26 cash from operations ₹8.0 Cr:
423% of FY26 net profit of ₹1.9 Cr.
Borrowings ₹153 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹73.9 ₹118
+60.4% above
Net profit ₹3.2 ₹0.6
-81.4% below
538992
· 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 Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+164.3% +69.8%
6.1 3.6 2.3
Operating profit
+159.3% +66.7%
0.7 0.4 0.3
OPM %
-23 bps -22 bps
11.5% 11.7% 11.7%
Other income
+3.3% +10.7%
0.3 0.3 0.3
Net profit
from loss -4.8%
0.2 0.2 -0.3
PAT margin %
+1851 bps -258 bps
3.3% 5.9% -15.2%
EPS (₹)
from loss -4.5%
0.42 0.44 -0.73
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹0.0 Cr, other income ₹0.3 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹3.5 Cr:
-521% of FY26 net profit of ₹0.7 Cr.
Borrowings ₹25.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1.3 ₹6.1
+359.2% above
539005
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -34% below its own trend 29% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-62.5% -45.5%
0.1 0.1 0.2
Operating profit
from loss —
0.1 0.0 -0.2
Other income
-88.9% -60.0%
0.0 0.1 0.4
Net profit
-20.0% +77.8%
0.2 0.1 0.2
EPS (₹)
-20.9% +76.7%
0.53 0.30 0.67
Quality of profit
Core 71% Other income & one-offs 29%
Pre-tax profit ₹0.1 Cr: core business ₹0.1 Cr, other income ₹0.0 Cr.
Core profit YoY: from loss
· reported profit -20.0%
Cash & debt
FY26 cash from operations −₹0.3 Cr:
-56% of FY26 net profit of ₹0.5 Cr.
Borrowings ₹0.1 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹0.1
-62.5% below
Net profit ₹0.2 ₹0.2
-34.4% below
539013
· 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 widened
-0.1 -0.1 -0.1
Other income
+210.0% —
0.3 0.0 0.1
Net profit
from loss from loss
0.2 -0.1 -0.0
EPS (₹)
from loss from loss
0.49 -0.15 -0.02
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.1 Cr, other income ₹0.3 Cr.
Cash & debt
FY26 cash from operations −₹14.0 Cr.
Borrowings nil at Mar 2026.
539041
· H2 FY26 · Consolidated
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 vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-86.9% —
0.4 0.0 2.8
Operating profit
loss narrowed loss widened
-6.7 -6.5 -18.1
Other income
— —
8.4 0.6 0.6
Net profit?
from loss from loss
0.9 -6.1 -16.4
EPS (₹)
from loss from loss
0.37 -2.49 -6.67
Quality of profit
Pre-tax profit ₹1.6 Cr: core business −₹6.8 Cr, other income ₹8.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹0.3 Cr.
Borrowings ₹12.2 Cr at Mar 2026.
539097
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -52% 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
— —
0.0 0.0 0.0
Operating profit
loss widened loss narrowed
-0.1 -0.1 -0.1
Other income
-35.1% -4.0%
0.2 0.2 0.4
Net profit
-50.0% +37.5%
0.1 0.1 0.2
EPS (₹)
-50.0% +0.0%
0.02 0.02 0.04
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
· reported profit -50.0%
Cash & debt
FY26 cash from operations −₹0.7 Cr:
-157% of FY26 net profit of ₹0.4 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Net profit ₹0.2 ₹0.1
-51.7% below
539111
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -83% below its own trend Operating margin expanded 3434 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
+44.8% +9.8%
7.5 6.8 5.2
Operating profit
from loss -51.1%
0.2 0.5 -1.6
OPM %
+3434 bps -381 bps
3.1% 6.9% -31.3%
Other income
-82.1% +14.3%
1.5 1.3 8.5
Net profit
-84.2% -3.0%
1.0 1.0 6.1
PAT margin %
— -171 bps
12.9% 14.6% —
EPS (₹)
-84.1% -3.0%
1.96 2.02 12.36
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹0.5 Cr, other income ₹1.5 Cr.
Core profit YoY: loss narrowed
· reported profit -84.2%
Cash & debt
FY26 cash from operations ₹4.0 Cr:
185% of FY26 net profit of ₹2.2 Cr.
Borrowings ₹20.1 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹4.7 ₹7.5
+60.8% above
Net profit ₹5.6 ₹1.0
-82.7% below
539113
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -93% 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
-17.2% -4.5%
482 505 582
Operating profit
loss narrowed loss narrowed
-0.4 -3.2 -3.0
OPM %
+42 bps +54 bps
-0.1% -0.6% -0.5%
Other income
-70.7% from loss
6.2 -6.9 21.1
Net profit?
-86.3% from loss
2.3 -14.4 16.7
PAT margin %
-239 bps +333 bps
0.5% -2.9% 2.9%
EPS (₹)
-86.3% from loss
7.43 -46.69 54.12
Quality of profit
Pre-tax profit ₹4.0 Cr: core business −₹2.2 Cr, other income ₹6.2 Cr.
Core profit YoY: loss narrowed
· reported profit -86.3%
Cash & debt
FY26 cash from operations ₹412 Cr:
153% of FY26 net profit of ₹269 Cr.
Borrowings ₹10.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹371 ₹482
+29.9% above
Net profit ₹33.4 ₹2.3
-93.1% below
539119
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 4134 bps YoY 67% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+67.9% +2.2%
0.5 0.5 0.3
Operating profit
from loss +20.0%
0.1 0.1 -0.1
OPM %
+4134 bps +190 bps
12.8% 10.9% -28.6%
Other income
— —
0.0 0.0 0.0
Net profit
from loss —
0.0 0.0 -0.1
PAT margin %
+4141 bps +213 bps
2.1% 0.0% -39.3%
EPS (₹)
from loss —
0.03 0.00 -0.35
Quality of profit
Core 33% Other income & one-offs 67%
Pre-tax profit ₹0.0 Cr: core business ₹0.0 Cr, other income ₹0.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹0.6 Cr:
2850% of FY26 net profit of ₹0.0 Cr.
Borrowings ₹0.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹0.5
+169.1% above
539122
· 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 Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— +49.8%
8.4 5.6 0.7
Operating profit
from loss -76.9%
0.1 0.5 -1.1
OPM %
— -788 bps
1.4% 9.3% —
Other income
-68.4% +9.1%
0.1 0.1 0.4
Net profit
from loss -81.4%
0.1 0.6 -0.8
PAT margin %
— -926 bps
1.3% 10.6% —
EPS (₹)
from loss -81.5%
0.05 0.27 -0.10
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.0 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹4.1 Cr:
-287% of FY26 net profit of ₹1.4 Cr.
Borrowings ₹0.3 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1.3 ₹8.4
+543.1% above
539132
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 453 bps YoY 31% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +695%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.3% -65.3%
40.5 117 39.1
Operating profit
+72.7% +635.5%
4.6 0.6 2.6
OPM %
+453 bps +1074 bps
11.3% 0.5% 6.7%
Other income
— -26.9%
0.8 1.0 0.1
Net profit
+339.7% from loss
3.0 -0.6 0.7
PAT margin %
+565 bps +791 bps
7.4% -0.5% 1.7%
EPS (₹)
+300.0% from loss
0.12 -0.02 0.03
Quality of profit
Core 69% Other income & one-offs 31%
Pre-tax profit ₹2.4 Cr: core business ₹1.7 Cr, other income ₹0.8 Cr.
Core profit YoY: +695.2%
· reported profit +339.7%
Cash & debt
Borrowings ₹38.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹78.3 ₹40.5
-48.3% 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, 03:27 IST