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 13 Oct 2026, 15:48 IST 5115 declared
The next results season has started: 36 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
-4.8%
median; 37% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs

1375 matching results 1375

Page 4 of 46

Engineers India Limited

ENGINERSIN · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹16,662 Cr
P/E
21.2
PEG
0.82
  • Profit -57% below its own trend
  • Operating margin contracted 1338 bps YoY
  • 42% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -51%)
  • FY26 operating cash flow was only 46% of profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -8.3%-23.5% 9261,2101,010
Operating profit -49.5%-56.8% 152352301
OPM % -1338 bps-1269 bps 16.4%29.1%29.8%
Other income +177.8%+70.6% 10159.236.4
Net profit? -30.0%-43.5% 196347280
PAT margin % -653 bps-752 bps 21.2%28.7%27.7%
EPS (₹) -30.1%-43.7% 3.486.184.98

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹242 Cr: core business ₹141 Cr, other income ₹101 Cr.

Core profit YoY: -51.3% · reported profit -30.0%

Cash & debt

FY26 cash from operations ₹319 Cr: 46% of FY26 net profit of ₹692 Cr.

Borrowings ₹17.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,380₹926 -32.9% below
Net profit₹456₹196 -57.0% below

IndiGrid Infrastructure Trust

INDIGRID · Power Generation & Utilities · Q4 FY26 · Consolidated
M Cap
₹16,029 Cr
P/E
40.2
PEG
—
  • Profit +39% above its own trend
  • Operating margin contracted 4155 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +120%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +156.3%+159.9% 2,240862874
Operating profit +25.2%+16.5% 889763710
OPM % -4155 bps-4883 bps 39.7%88.5%81.2%
Other income +45.7%+45.7% 67.046.046.0
Net profit? +58.1%+85.0% 185100117
PAT margin % -513 bps-334 bps 8.3%11.6%13.4%
EPS (₹) +40.4%+70.5% 1.911.121.36

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹230 Cr: core business ₹163 Cr, other income ₹67.0 Cr.

Core profit YoY: +120.3% · reported profit +58.1%

Cash & debt

FY26 cash from operations ₹3,377 Cr: 846% of FY26 net profit of ₹399 Cr.

Borrowings ₹21,359 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹910₹2,240 +146.2% above
Net profit₹133₹185 +39.2% above

Travel Food Services Limited

TRAVELFOOD · Restaurants & QSR · Q4 FY26 · Consolidated
M Cap
₹15,976 Cr
P/E
32.8
PEG
—
  • Operating margin expanded 356 bps YoY
  • 33% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +25.6%+1.1% 461456367
Operating profit +37.8%+2.8% 186181135
OPM % +356 bps+65 bps 40.3%39.7%36.8%
Other income +23.3%+20.5% 53.044.043.0
Net profit? +15.0%-10.2% 123137107
PAT margin % -247 bps-336 bps 26.7%30.0%29.2%
EPS (₹) +17.4%-9.0% 9.1710.087.81

Quality of profit

Core 67%Other income & one-offs 33%

Pre-tax profit ₹162 Cr: core business ₹109 Cr, other income ₹53.0 Cr.

Core profit YoY: +18.5% · reported profit +15.0%

Nazara Technologies Limited

NAZARA · Telecom Services · Q4 FY26 · Consolidated
M Cap
₹15,569 Cr
P/E
—
PEG
—
  • Profit +596% above its own trend
  • Operating margin expanded 1304 bps YoY
  • 48% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -23.5%-2.0% 398406520
Operating profit +155.3%+8.9% 74.068.029.0
OPM % +1304 bps+186 bps 18.6%16.7%5.6%
Other income +463.2%+406.9% 50.710.09.0
Net profit? —+518.9% 55.79.04.0
PAT margin % +1323 bps+1179 bps 14.0%2.2%0.8%
EPS (₹) —+370.4% 1.270.27adj. 0.09

EPS restated for the 1:1 bonus of Sep 2025: Mar 2025 ₹0.18 to ₹0.09.

Quality of profit

Core 52%Other income & one-offs 48%

Pre-tax profit ₹42.5 Cr: core business ₹22.3 Cr, other income ₹50.7 Cr, exceptional & other items −₹30.5 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹149 Cr: 182% of FY26 net profit of ₹82.0 Cr.

Borrowings ₹215 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹937₹398 -57.5% below
Net profit₹8.0₹55.7 +596.2% above

Juniper Green Energy Limited

JNPR · Q4 FY26 · Consolidated
M Cap
₹15,485 Cr
P/E
—
PEG
—
  • All of pre-tax profit came from other income or one-off items
₹ Cr Mar 2026
Sales 213
Operating profit 183
OPM % 85.9%
Other income 31.0
Net profit? 22.0
PAT margin % 10.3%
EPS (₹) 0.44

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 ₹28.0 Cr: core business −₹3.0 Cr, other income ₹31.0 Cr.

Vardhman Textiles Limited

VTL · Textiles · Q4 FY26 · Consolidated
M Cap
₹15,286 Cr
P/E
17.8
PEG
—
  • Profit -13% below its own trend
  • 32% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -0.4%-0.3% 2,4982,5052,509
Operating profit +2.5%+3.4% 294284287
OPM % +33 bps+42 bps 11.8%11.3%11.4%
Other income -43.3%+16.3% 68.058.5120
Net profit? -20.5%+12.2% 189168238
PAT margin % -192 bps+84 bps 7.6%6.7%9.5%
EPS (₹) -23.5%+9.2% 6.395.858.35

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹217 Cr: core business ₹148 Cr, other income ₹68.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -7.8% · reported profit -20.5%

Cash & debt

FY26 cash from operations ₹1,108 Cr: 147% of FY26 net profit of ₹753 Cr.

Borrowings ₹1,855 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,554₹2,498 -2.2% in line
Net profit₹216₹189 -12.6% below

Clean Max Enviro Energy Solutions Limited

CLEANMAX · Power Generation & Utilities · Q4 FY26 · Consolidated
M Cap
₹15,200 Cr
P/E
96.6
PEG
—
  • Operating margin contracted 951 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +24.9%+31.8% 557422446
Operating profit +4.3%+1.8% 268263257
OPM % -951 bps-1417 bps 48.1%62.3%57.6%
Other income +55.6%+91.7% 84.043.854.0
Net profit? +164.7%+112.5% 45.021.217.0
PAT margin % +427 bps+307 bps 8.1%5.0%3.8%
EPS (₹) -89.1%+75.2% 4.732.7043.39

Quality of profit

Pre-tax profit ₹75.0 Cr: core business −₹9.0 Cr, other income ₹84.0 Cr.

Core profit YoY: loss narrowed · reported profit +164.7%

E2E Networks Limited

E2E · IT Services & Software · Q4 FY26 · Standalone
M Cap
₹15,112 Cr
P/E
—
PEG
—
  • Operating margin expanded 2090 bps YoY
  • 64% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +185.7%+36.6% 95.670.033.5
Operating profit +335.5%+46.5% 58.139.613.3
OPM % +2090 bps+412 bps 60.7%56.6%39.8%
Other income -78.5%+5.0% 5.55.225.4
Net profit -52.7%from loss 6.4-5.713.6
PAT margin % -3392 bps+1487 bps 6.7%-8.1%40.7%
EPS (₹) -54.4%from loss 0.31-0.280.68

Quality of profit

Core 36%Other income & one-offs 64%

Pre-tax profit ₹8.6 Cr: core business ₹3.1 Cr, other income ₹5.5 Cr.

Core profit YoY: from loss · reported profit -52.7%

Cash & debt

FY26 cash from operations ₹122 Cr.

Borrowings ₹159 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹34.5₹95.6 +177.4% above

Gujarat Mineral Development Corporation Limited

GMDCLTD · Mining & Minerals · Q4 FY26 · Consolidated
M Cap
₹14,894 Cr
P/E
15.6
PEG
—
  • Profit -14% below its own trend
  • Operating margin contracted 1190 bps YoY
  • 79% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -70%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +3.5%+40.6% 814579786
Operating profit -46.4%-42.0% 104179194
OPM % -1190 bps-1819 bps 12.8%31.0%24.7%
Other income +56.8%+83.2% 185101118
Net profit? -14.2%+45.8% 194133226
PAT margin % -494 bps+86 bps 23.8%23.0%28.8%
EPS (₹) -14.3%+45.9% 6.104.187.12

Quality of profit

Core 21%Other income & one-offs 79%

Pre-tax profit ₹235 Cr: core business ₹50.0 Cr, other income ₹185 Cr.

Core profit YoY: -70.1% · reported profit -14.2%

Cash & debt

FY26 cash from operations ₹744 Cr: 78% of FY26 net profit of ₹957 Cr.

Borrowings ₹317 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹702₹814 +16.0% above
Net profit₹225₹194 -13.7% below

DCM Shriram Limited

DCMSHRIRAM · Diversified Conglomerates · Q4 FY26 · Consolidated
M Cap
₹14,775 Cr
P/E
10.3
PEG
—
  • Profit +56% above its own trend
  • Operating margin contracted 237 bps YoY
  • 31% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -30%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +5.8%-16.2% 3,1933,8113,019
Operating profit -12.9%-33.6% 353532405
OPM % -237 bps-290 bps 11.1%14.0%13.4%
Other income +266.5%from loss 78.0-26.021.3
Net profit? +107.4%+74.2% 371213179
PAT margin % +569 bps+603 bps 11.6%5.6%5.9%
EPS (₹) +106.8%+74.4% 23.7213.6011.47

Quality of profit

Core 69%Other income & one-offs 31%

Pre-tax profit ₹254 Cr: core business ₹175 Cr, other income ₹78.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -29.6% · reported profit +107.4%

Cash & debt

FY26 cash from operations ₹1,234 Cr: 144% of FY26 net profit of ₹857 Cr.

Borrowings ₹2,923 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,237₹3,193 -1.4% in line
Net profit₹238₹371 +56.2% above

Natco Pharma Limited

NATCOPHARM · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹14,600 Cr
P/E
13.5
PEG
0.52
  • Profit -22% below its own trend
  • Operating margin contracted 2756 bps YoY
  • 53% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -85%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -39.5%+14.2% 7396471,221
Operating profit -76.6%-19.5% 128159548
OPM % -2756 bps-725 bps 17.3%24.6%44.9%
Other income +18.2%+34.5% 78.058.066.0
Net profit? -37.2%+151.6% 269107428
PAT margin % +134 bps+1988 bps 36.4%16.5%35.1%
EPS (₹) -34.1%+76.8% 14.968.4622.70

Quality of profit

Core 46%Other income & one-offs 54%

Pre-tax profit ₹144 Cr: core business ₹67.0 Cr, other income ₹78.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -84.8% · reported profit -37.2%

Cash & debt

FY26 cash from operations ₹1,768 Cr: 132% of FY26 net profit of ₹1,341 Cr.

Borrowings ₹714 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,305₹739 -43.4% below
Net profit₹345₹269 -22.1% below

Zen Technologies Limited

ZENTEC · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹14,481 Cr
P/E
58.0
PEG
0.87
  • Profit -90% below its own trend
  • Operating margin contracted 1027 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -81.7%+0.0% 178178974
Operating profit -86.6%-25.4% 50.067.0374
OPM % -1027 bps-955 bps 28.1%37.6%38.4%
Other income -60.6%+43.8% 23.016.058.3
Net profit? -84.3%-16.1% 47.056.0299
PAT margin % -434 bps-506 bps 26.4%31.5%30.7%
EPS (₹) -89.1%-42.5% 3.496.0732.07

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹64.0 Cr: core business ₹42.0 Cr, other income ₹23.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -87.9% · reported profit -84.3%

Cash & debt

FY26 cash from operations ₹245 Cr: 90% of FY26 net profit of ₹271 Cr.

Borrowings ₹19.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,237₹178 -85.6% below
Net profit₹468₹47.0 -90.0% below

Tega Industries Limited

TEGA · Engineering & Capital Goods · Q4 FY26 · Consolidated
M Cap
₹14,289 Cr
P/E
—
PEG
—
  • Profit -60% below its own trend
  • Operating margin contracted 1658 bps YoY
  • 55% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -1.7%+30.5% 527404536
Operating profit -60.0%+29.9% 60.046.2150
OPM % -1658 bps-5 bps 11.4%11.4%28.0%
Other income +454.3%+143.6% 37.015.26.7
Net profit? -57.8%+118.2% 43.019.7102
PAT margin % -1085 bps+328 bps 8.2%4.9%19.0%
EPS (₹) -62.9%+100.7% 5.682.8315.32

Quality of profit

Core 45%Other income & one-offs 55%

Pre-tax profit ₹67.0 Cr: core business ₹30.0 Cr, other income ₹37.0 Cr.

Core profit YoY: -74.3% · reported profit -57.8%

Cash & debt

FY26 cash from operations ₹350 Cr: 245% of FY26 net profit of ₹143 Cr.

Borrowings ₹398 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹564₹527 -6.6% below
Net profit₹107₹43.0 -59.8% below

BHARAT COKING COAL LTD

BHARATCOAL · Mining & Minerals · Q4 FY26 · Standalone
M Cap
₹13,949 Cr
P/E
—
PEG
—
  • Operating margin contracted 1181 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -15.1%-5.4% 3,2833,4693,866
Operating profit to lossto loss -33534.062.0
OPM % -1181 bps-1118 bps -10.2%1.0%1.6%
Other income +94.8%+695.7% 55770.0286
Net profit -59.1%from loss 27.0-23.066.0
PAT margin % -88 bps+149 bps 0.8%-0.7%1.7%
EPS (₹) -99.6%from loss 0.06-0.0514.28

Quality of profit

Pre-tax profit ₹19.0 Cr: core business −₹537 Cr, other income ₹557 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: loss widened · reported profit -59.1%

JSW Dulux Limited

JSWDULUX · Paints · Q4 FY26 · Consolidated
M Cap
₹13,894 Cr
P/E
7.1
PEG
—
  • Operating margin contracted 130 bps YoY
  • 39% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -24%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -12.9%-1.2% 8838941,014
Operating profit -20.1%-6.6% 127136159
OPM % -130 bps-83 bps 14.4%15.2%15.7%
Other income —from loss 67.0-14.03.0
Net profit? +16.7%+70.3% 12674.0108
PAT margin % +362 bps+599 bps 14.3%8.3%10.7%
EPS (₹) +16.0%+69.1% 27.6016.3223.80

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹170 Cr: core business ₹103 Cr, other income ₹67.0 Cr.

Core profit YoY: -23.7% · reported profit +16.7%

Ksb Limited

KSB · Pumps, Compressors & Engines · Q4 FY26 · Consolidated
M Cap
₹13,512 Cr
P/E
54.9
PEG
3.23
  • Profit -30% below its own trend
  • Operating margin contracted 294 bps YoY
  • 32% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +1.0%-23.3% 601784595
Operating profit -25.0%-60.8% 51.013068.0
OPM % -294 bps-810 bps 8.5%16.6%11.4%
Other income +12.5%from loss 18.0-5.016.0
Net profit? -23.1%-50.6% 40.081.052.0
PAT margin % -208 bps-368 bps 6.7%10.3%8.7%
EPS (₹) -22.6%-50.8% 2.294.652.96

Quality of profit

Core 68%Other income & one-offs 32%

Pre-tax profit ₹53.0 Cr: core business ₹36.0 Cr, other income ₹18.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: -32.1% · reported profit -23.1%

Cash & debt

Borrowings ₹5.0 Cr at Dec 2025.

Against its own trend ?

TrendActualGap
Sales₹635₹601 -5.4% below
Net profit₹57.4₹40.0 -30.3% below

Shreeji Shipping Global Limited

SHREEJISPG · Shipping & Ports · Q4 FY26 · Consolidated
M Cap
₹13,416 Cr
P/E
84.1
PEG
—
  • Operating margin contracted 2467 bps YoY
  • 35% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -54%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +20.5%-5.0% 188198156
Operating profit -41.3%-22.0% 44.056.475.0
OPM % -2467 bps-508 bps 23.4%28.5%48.1%
Other income —+72.3% 15.08.71.0
Net profit? -18.4%+23.2% 40.032.549.0
PAT margin % -1013 bps+487 bps 21.3%16.4%31.4%
EPS (₹) -26.5%+24.1% 2.471.993.36

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹46.0 Cr: core business ₹30.0 Cr, other income ₹15.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -53.8% · reported profit -18.4%

Amara Raja Energy & Mobility Limited

ARE&M · Auto Components · Q4 FY26 · Consolidated
M Cap
₹13,409 Cr
P/E
14.6
PEG
—
  • Profit +185% above its own trend
  • 49% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +14%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +15.6%+3.7% 3,5363,4103,060
Operating profit +13.2%+3.3% 386374341
OPM % -22 bps-4 bps 10.9%11.0%11.1%
Other income +705.3%+534.1% 20832.825.8
Net profit? +94.3%+124.0% 314140162
PAT margin % +360 bps+477 bps 8.9%4.1%5.3%
EPS (₹) +94.5%+124.2% 17.177.668.83

Quality of profit

Core 51%Other income & one-offs 49%

Pre-tax profit ₹421 Cr: core business ₹213 Cr, other income ₹208 Cr.

Core profit YoY: +14.0% · reported profit +94.3%

Cash & debt

FY26 cash from operations ₹1,118 Cr: 125% of FY26 net profit of ₹895 Cr.

Borrowings ₹406 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,205₹3,536 +10.3% above
Net profit₹110₹314 +184.9% above

PVR INOX Limited

PVRINOX · Media & Entertainment · Q4 FY26 · Consolidated
M Cap
₹13,181 Cr
P/E
29.7
PEG
0.76
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 655 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹187 Cr in the quarter
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +23.8%-17.7% 1,5471,8801,250
Operating profit +59.6%-27.4% 452622283
OPM % +655 bps-391 bps 29.2%33.1%22.7%
Other income +24.8%+92.5% 76.639.861.4
Net profit? from loss+95.4% 18695.4-125
PAT margin % +2207 bps+697 bps 12.0%5.1%-10.0%
EPS (₹) from loss+95.0% 19.019.75-12.73

Quality of profit

Pre-tax profit ₹212 Cr: core business −₹51.7 Cr, other income ₹76.6 Cr, exceptional & other items ₹187 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations ₹2,160 Cr: 648% of FY26 net profit of ₹333 Cr.

Borrowings ₹6,779 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,386₹1,547 +11.6% above

Shipping Corporation Of India Limited

SCI · Shipping & Ports · Q4 FY26 · Consolidated
M Cap
₹13,115 Cr
P/E
9.7
PEG
0.61
  • Profit +134% above its own trend
  • Operating margin expanded 1234 bps YoY
  • 35% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +224%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +14.2%-6.1% 1,5131,6121,325
Operating profit +65.4%-11.1% 603678365
OPM % +1234 bps-222 bps 39.9%42.1%27.5%
Other income +66.7%+114.5% 14768.588.2
Net profit? +118.8%+0.0% 405405185
PAT margin % +1280 bps+164 bps 26.8%25.1%14.0%
EPS (₹) +118.9%+0.0% 8.698.693.97

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹416 Cr: core business ₹269 Cr, other income ₹147 Cr.

Core profit YoY: +223.6% · reported profit +118.8%

Cash & debt

FY26 cash from operations ₹1,343 Cr: 99% of FY26 net profit of ₹1,353 Cr.

Borrowings ₹2,679 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,233₹1,513 +22.7% above
Net profit₹173₹405 +134.4% above

Ventive Hospitality Limited

VENTIVE · Hotels & Resorts · Q4 FY26 · Consolidated
M Cap
₹13,015 Cr
P/E
22.2
PEG
—
  • Profit -14% below its own trend
  • Operating margin contracted 101 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +43%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +11.6%+13.6% 779686698
Operating profit +9.4%+23.8% 385311352
OPM % -101 bps+409 bps 49.4%45.3%50.4%
Other income +352.6%+152.9% 86.034.019.0
Net profit? +71.5%+85.0% 259140151
PAT margin % +1161 bps+1284 bps 33.2%20.4%21.6%
EPS (₹) +79.4%+97.0% 9.834.995.48

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹334 Cr: core business ₹248 Cr, other income ₹86.0 Cr.

Core profit YoY: +42.5% · reported profit +71.5%

Cash & debt

FY26 cash from operations ₹950 Cr: 190% of FY26 net profit of ₹501 Cr.

Borrowings ₹2,574 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,396₹779 -44.2% below
Net profit₹302₹259 -14.2% below

JBM Auto Limited

JBMA · Auto Components · Q4 FY26 · Consolidated
M Cap
₹12,700 Cr
P/E
52.2
PEG
2.37
  • Operating margin expanded 113 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +12.5%+14.7% 1,8521,6141,646
Operating profit +23.8%+32.3% 229173185
OPM % +113 bps+164 bps 12.4%10.7%11.2%
Other income +76.5%+0.7% 30.029.817.0
Net profit? +16.7%+40.0% 84.060.072.0
PAT margin % +16 bps+82 bps 4.5%3.7%4.4%
EPS (₹) +11.7%+34.8% 3.142.332.81

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹108 Cr: core business ₹78.0 Cr, other income ₹30.0 Cr.

Core profit YoY: +5.4% · reported profit +16.7%

Cash & debt

FY26 cash from operations −₹60.0 Cr: -25% of FY26 net profit of ₹238 Cr.

Borrowings ₹3,029 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,813₹1,852 +2.1% in line
Net profit₹80.0₹84.0 +5.0% in line

Ingersoll Rand (India) Limited

INGERRAND · Pumps, Compressors & Engines · Q4 FY26 · Standalone
M Cap
₹12,675 Cr
P/E
47.4
PEG
3.65
  • Operating margin contracted 278 bps YoY
  • 26% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -6.8%-34.1% 300455322
Operating profit -16.9%-39.5% 69.011483.0
OPM % -278 bps-205 bps 23.0%25.1%25.8%
Other income +91.7%from loss 23.0-15.012.0
Net profit -4.4%-9.7% 65.072.068.0
PAT margin % +55 bps+584 bps 21.7%15.8%21.1%
EPS (₹) -4.2%-9.8% 20.5322.7721.43

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹88.0 Cr: core business ₹65.0 Cr, other income ₹23.0 Cr.

Core profit YoY: -16.7% · reported profit -4.4%

Cash & debt

FY26 cash from operations ₹274 Cr: 107% of FY26 net profit of ₹256 Cr.

Borrowings ₹9.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹334₹300 -10.3% below
Net profit₹66.4₹65.0 -2.0% in line

Sobha Limited

SOBHA · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹12,368 Cr
P/E
53.6
PEG
2.33
  • Profit +12% above its own trend
  • 34% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +597%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +60.2%+110.8% 1,9889431,241
Operating profit +44.1%+289.7% 15239.0105
OPM % -85 bps+351 bps 7.6%4.1%8.5%
Other income -6.1%+5.0% 42.040.044.7
Net profit? +124.4%+513.3% 92.015.041.0
PAT margin % +132 bps+304 bps 4.6%1.6%3.3%
EPS (₹) +124.9%+496.5% 8.591.443.82

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹122 Cr: core business ₹80.0 Cr, other income ₹42.0 Cr.

Core profit YoY: +596.8% · reported profit +124.4%

Cash & debt

FY26 cash from operations ₹430 Cr: 222% of FY26 net profit of ₹194 Cr.

Borrowings ₹1,057 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,760₹1,988 +13.0% above
Net profit₹82.0₹92.0 +12.2% above

Amagi Media Labs Limited

AMAGI · IT Enabled Services (BPO/KPO) · Q4 FY26 · Consolidated
M Cap
₹12,283 Cr
P/E
120.5
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 1025 bps YoY
  • 59% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +28.5%-1.7% 397404309
Operating profit from loss-22.6% 24.031.0-13.0
OPM % +1025 bps-163 bps 6.0%7.7%-4.2%
Other income +20.0%+118.2% 24.011.020.0
Net profit? from loss+9.7% 34.031.0-11.0
PAT margin % +1212 bps+89 bps 8.6%7.7%-3.6%
EPS (₹) from loss-1.3% 1.581.60-3.10

Quality of profit

Core 42%Other income & one-offs 58%

Pre-tax profit ₹41.0 Cr: core business ₹17.0 Cr, other income ₹24.0 Cr.

Core profit YoY: from loss

BlueStone Jewellery and Lifestyle Limited

BLUESTONE · Gems & Jewellery · Q4 FY26 · Consolidated
M Cap
₹12,134 Cr
P/E
225.2
PEG
—
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 1301 bps YoY
  • 44% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +47.7%-9.0% 681749461
Operating profit +401.1%-23.6% 12616525.1
OPM % +1301 bps-355 bps 18.5%22.0%5.4%
Other income -34.4%+40.1% 15.110.823.0
Net profit? from loss-54.7% 31.268.8-51.3
PAT margin % +1569 bps-462 bps 4.6%9.2%-11.1%
EPS (₹) from loss-55.1% 2.054.57-14.51

Quality of profit

Core 56%Other income & one-offs 44%

Pre-tax profit ₹31.2 Cr: core business ₹17.5 Cr, other income ₹15.1 Cr, exceptional & other items −₹1.4 Cr.

Core profit YoY: from loss

Godrej Agrovet Limited

GODREJAGRO · Packaged Foods & Food Processing · Q4 FY26 · Consolidated
M Cap
₹12,122 Cr
P/E
28.6
PEG
1.10
  • Profit +54% above its own trend
  • 60% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -15%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +9.3%-14.2% 2,3332,7182,134
Operating profit -5.2%-42.5% 139242147
OPM % -92 bps-293 bps 6.0%8.9%6.9%
Other income +502.3%+325.3% 78.018.312.9
Net profit? +54.3%-7.0% 10211066.1
PAT margin % +127 bps+34 bps 4.4%4.0%3.1%
EPS (₹) +48.1%-8.7% 5.455.973.68

Quality of profit

Core 40%Other income & one-offs 60%

Pre-tax profit ₹130 Cr: core business ₹52.0 Cr, other income ₹78.0 Cr.

Core profit YoY: -15.2% · reported profit +54.3%

Cash & debt

FY26 cash from operations ₹1,281 Cr: 288% of FY26 net profit of ₹445 Cr.

Borrowings ₹1,574 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,302₹2,333 +1.3% in line
Net profit₹66.4₹102 +53.7% above

Quality Power Electrical Equipments Limited

QPOWER · Electrical Equipment · Q4 FY26 · Consolidated
M Cap
₹11,710 Cr
P/E
60.0
PEG
—
  • Operating margin contracted 424 bps YoY
  • 54% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +159.2%-1.1% 281284108
Operating profit +86.0%-61.7% 30.379.016.3
OPM % -424 bps-1702 bps 10.8%27.8%15.0%
Other income +34.3%— 29.00.321.6
Net profit? +65.7%-19.5% 50.662.830.5
PAT margin % -1016 bps-410 bps 18.0%22.1%28.2%
EPS (₹) +64.0%-12.9% 4.385.032.67

Quality of profit

Core 46%Other income & one-offs 54%

Pre-tax profit ₹53.5 Cr: core business ₹24.5 Cr, other income ₹29.0 Cr.

Core profit YoY: +70.2% · reported profit +65.7%

Inox Wind Limited

INOXWIND · Electrical Equipment · Q4 FY26 · Consolidated
M Cap
₹11,609 Cr
P/E
27.8
PEG
0.73
  • Profit -61% below its own trend
  • Operating margin contracted 384 bps YoY
  • 42% of pre-tax profit came from other income and one-off items
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -2.4%+3.1% 1,2441,2071,275
Operating profit -21.3%-29.1% 200282254
OPM % -384 bps-729 bps 16.1%23.4%19.9%
Other income +69.4%+96.8% 61.031.036.0
Net profit? -44.2%-16.5% 106127190
PAT margin % -638 bps-200 bps 8.5%10.5%14.9%
EPS (₹) -60.7%-22.1% 0.530.681.35

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹144 Cr: core business ₹83.0 Cr, other income ₹61.0 Cr.

Core profit YoY: -51.5% · reported profit -44.2%

Cash & debt

FY26 cash from operations −₹598 Cr: -133% of FY26 net profit of ₹451 Cr.

Borrowings ₹1,587 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,818₹1,244 -31.6% below
Net profit₹274₹106 -61.3% below

Akums Drugs and Pharmaceuticals Limited

AKUMS · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹11,505 Cr
P/E
39.3
PEG
1.36
  • Profit -47% below its own trend
  • Operating margin expanded 421 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +78%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +9.7%-0.1% 1,1581,1601,056
Operating profit +61.6%+3.3% 15214793.9
OPM % +421 bps+44 bps 13.1%12.7%8.9%
Other income +101.2%+2.8% 35.334.317.5
Net profit? -45.6%+20.2% 81.367.7150
PAT margin % -715 bps+119 bps 7.0%5.8%14.2%
EPS (₹) -42.6%+27.7% 5.534.339.64

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹121 Cr: core business ₹87.7 Cr, other income ₹35.3 Cr, exceptional & other items −₹1.8 Cr.

Core profit YoY: +77.6% · reported profit -45.6%

Cash & debt

FY26 cash from operations ₹1,181 Cr: 461% of FY26 net profit of ₹256 Cr.

Borrowings ₹157 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,120₹1,158 +3.3% in line
Net profit₹153₹81.3 -46.7% 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.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI