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
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The next results season has started: 45 companies have filed results for the quarter ended 30 Sep 2026.
See them → Q4 FY26 scoreboard
Sales growth
+12.4%
YoY, 4645 companies combined; median +11.7%
Net profit growth
+34.1%
YoY combined; median +16.1%
Operating margin
14.3%
+10 bps YoY
Grew profit
55%
472 turnarounds, 495 into loss
Vs own profit trend
38% / 48%
above / below, 14% in line
Banks: NII growth
+9.1%
120 lenders; profit +11.1%
Price since results
-3.9%
median; 31% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
Latest Q4 FY26 results 5115
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M Cap ₹1,988 Cr
P/E 31.7
PEG —
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+57.6% +33.6%
599 448 380 Operating profit
+47.2% +18.6%
28.0 23.6 19.0 OPM %
-33 bps -59 bps
4.7% 5.3% 5.0% Other income
+96.6% +502.1%
3.9 0.7 2.0 Net profit?
+50.9% +27.2%
19.6 15.4 13.0 PAT margin %
-15 bps -17 bps
3.3% 3.4% 3.4% EPS (₹)
+17.7% +29.2%
0.93 0.72 0.79
Quality of profit
Pre-tax profit ₹26.8 Cr: core business ₹22.9 Cr, other income ₹3.9 Cr.
Core profit YoY: +52.8%
· reported profit +50.9%
M Cap ₹1,987 Cr
P/E 11.5
PEG —
Profit -31% below its own trend Operating margin expanded 858 bps YoY 26% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +79%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.5% +0.0%
202 202 169 Operating profit
+79.3% -1.9%
52.0 53.0 29.0 OPM %
+858 bps -50 bps
25.7% 26.2% 17.2% Other income
-57.5% +240.0%
17.0 5.0 40.0 Net profit
-10.0% +28.6%
54.0 42.0 60.0 PAT margin %
-877 bps +594 bps
26.7% 20.8% 35.5% EPS (₹)
-10.5% +28.7%
23.67 18.39 26.46
Quality of profit
Pre-tax profit ₹68.0 Cr: core business ₹50.0 Cr, other income ₹17.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +78.6%
· reported profit -10.0%
Cash & debt
FY26 cash from operations −₹96.0 Cr:
-61% of FY26 net profit of ₹157 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹193 ₹202
+4.5% in line Net profit ₹78.8 ₹54.0
-31.4% below
Into loss: a profit a year ago
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.3% +14.1%
1,824 1,598 1,749 Operating profit
+5.5% +42.2%
236 166 224 OPM %
+15 bps +255 bps
12.9% 10.4% 12.8% Other income
to loss loss narrowed -16.0 -34.0 1.4 Net profit?
to loss loss narrowed -19.0 -47.0 27.9 PAT margin %
-263 bps +190 bps
-1.0% -2.9% 1.6% EPS (₹)
to loss loss narrowed -0.17 -0.59 0.42
Quality of profit
Pre-tax profit ₹30.0 Cr: core business ₹45.0 Cr, other income −₹16.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -0.0%
Cash & debt
FY26 cash from operations ₹619 Cr.
Borrowings ₹4,306 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,941 ₹1,824
-6.0% below
M Cap ₹1,974 Cr
P/E 26.0
PEG 2.89
Profit -76% below its own trend Operating margin contracted 468 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
+6.4% +1.7%
546 537 513 Operating profit
-21.8% -7.8%
71.0 77.0 90.8 OPM %
-468 bps -134 bps
13.0% 14.3% 17.7% Other income
-40.2% -20.0%
20.0 25.0 33.5 Net profit?
-68.4% -50.0%
11.0 22.0 34.8 PAT margin %
-477 bps -208 bps
2.0% 4.1% 6.8% EPS (₹)
-70.0% -50.0%
0.06 0.12 0.20
Quality of profit
Pre-tax profit ₹17.0 Cr: core business −₹3.0 Cr, other income ₹20.0 Cr.
Core profit YoY: to loss
· reported profit -68.4%
Cash & debt
FY26 cash from operations ₹199 Cr:
242% of FY26 net profit of ₹82.3 Cr.
Borrowings ₹9.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹538 ₹546
+1.5% in line Net profit ₹45.6 ₹11.0
-75.9% below
M Cap ₹1,968 Cr
P/E 42.1
PEG 1.50
Operating margin expanded 210 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.4% +14.2%
283 248 282 Operating profit
+40.0% +108.7%
21.0 10.1 15.0 OPM %
+210 bps +336 bps
7.4% 4.1% 5.3% Other income
-70.0% -88.9%
2.0 18.1 6.7 Net profit?
-55.8% +134.9%
19.0 8.1 43.0 PAT margin %
-853 bps +345 bps
6.7% 3.3% 15.2% EPS (₹)
-62.8% +140.0%
2.40 1.00 6.46
Quality of profit
Pre-tax profit ₹15.0 Cr: core business ₹13.0 Cr, other income ₹2.0 Cr.
Core profit YoY: from loss
· reported profit -55.8%
Cash & debt
FY26 cash from operations ₹74.0 Cr:
180% of FY26 net profit of ₹41.1 Cr.
Borrowings ₹1,642 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹246 ₹283
+14.9% above
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-61.6% -35.7%
50.0 77.7 130 Operating profit
loss narrowed loss widened -234 -187 -302 Other income
-62.6% +222.6%
70.0 21.7 187 Net profit?
loss widened loss widened -771 -193 -332 EPS (₹)
loss widened loss widened -106.42 -26.72 -45.77
Quality of profit
Pre-tax profit −₹771 Cr: core business −₹841 Cr, other income ₹70.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations −₹23.0 Cr.
Borrowings ₹4,535 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹115 ₹50.0
-56.6% below
Into loss: a profit a year ago Operating margin contracted 285 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.2% +48.6%
109 73.2 102 Operating profit
-18.4% +710.7%
9.9 1.2 12.1 OPM %
-285 bps +742 bps
9.1% 1.7% 11.9% Other income
to loss to loss -5.0 2.5 9.3 Net profit?
to loss loss widened -10.0 -6.8 9.8 PAT margin %
-1877 bps +19 bps
-9.2% -9.4% 9.6% EPS (₹)
to loss loss widened -1.21 -1.03 1.47
Quality of profit
Pre-tax profit −₹11.7 Cr: core business −₹6.8 Cr, other income −₹5.0 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations −₹88.0 Cr.
Borrowings ₹382 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹106 ₹109
+2.3% in line
M Cap ₹1,945 Cr
P/E 50.2
PEG 1.32
Operating margin contracted 187 bps YoY FY26 operating cash flow was only 42% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+25.0% +16.1%
100 86.1 80.0 Operating profit
+11.9% +2.7%
16.0 15.6 14.3 OPM %
-187 bps -208 bps
16.0% 18.1% 17.9% Other income
-100.0% -100.0%
0.0 0.0 0.1 Net profit
+16.3% +2.1%
10.0 9.8 8.6 PAT margin %
-74 bps -137 bps
10.0% 11.4% 10.7% EPS (₹)
+18.2% +3.7%
10.15 9.79 8.59
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹13.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +3.3%
· reported profit +16.3%
Cash & debt
FY26 cash from operations ₹14.0 Cr:
42% of FY26 net profit of ₹33.7 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹96.8 ₹100
+3.3% in line Net profit ₹9.7 ₹10.0
+2.8% in line
M Cap ₹1,945 Cr
P/E 503.8
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 263 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
+17.3% +1.1%
79.2 78.3 67.5 Operating profit
-15.1% -30.1%
5.5 7.8 6.4 OPM %
-263 bps -308 bps
6.9% 10.0% 9.5% Other income
-26.9% from loss 1.9 -3.1 2.6 Net profit?
from loss from loss 1.1 -1.2 -4.1 PAT margin %
+742 bps +290 bps
1.4% -1.5% -6.0% EPS (₹)
from loss from loss 0.48 -0.52 -1.79
Quality of profit
Pre-tax profit ₹1.8 Cr: core business −₹0.2 Cr, other income ₹1.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹15.0 Cr:
452% of FY26 net profit of ₹3.3 Cr.
Borrowings ₹73.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹63.1 ₹79.2
+25.4% above
M Cap ₹1,942 Cr
P/E 8.0
PEG 0.11
Profit +134% above its own trend Operating margin expanded 113 bps YoY Profit grew faster than the core business (core profit +21%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.8% +11.4%
684 614 635 Operating profit
+15.3% +268.8%
118 32.0 102 OPM %
+113 bps +1204 bps
17.3% 5.2% 16.1% Other income
-0.1% +33.3%
20.0 15.0 20.0 Net profit?
+67.1% +611.8%
121 17.0 72.4 PAT margin %
+628 bps +1492 bps
17.7% 2.8% 11.4% EPS (₹)
+126.0% +450.0%
6.60 1.20 2.92
Quality of profit
Pre-tax profit ₹110 Cr: core business ₹91.0 Cr, other income ₹20.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +20.8%
· reported profit +67.1%
Cash & debt
FY26 cash from operations ₹206 Cr:
75% of FY26 net profit of ₹277 Cr.
Borrowings ₹664 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹639 ₹684
+7.0% above Net profit ₹51.7 ₹121
+134.1% above
M Cap ₹1,930 Cr
P/E 29.0
PEG 1.71
Operating margin contracted 210 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+17.4% +2.1%
238 233 203 Operating profit
-2.1% +2.6%
25.0 24.4 25.5 OPM %
-210 bps +5 bps
10.5% 10.5% 12.6% Other income
-19.0% -11.5%
4.0 4.5 4.9 Net profit
-1.8% +7.0%
16.0 15.0 16.3 PAT margin %
-131 bps +31 bps
6.7% 6.4% 8.0% EPS (₹)
-2.3% +7.1%
7.59 7.09 7.77
Quality of profit
Pre-tax profit ₹20.0 Cr: core business ₹16.0 Cr, other income ₹4.0 Cr.
Core profit YoY: +0.7%
· reported profit -1.8%
Cash & debt
FY26 cash from operations ₹105 Cr:
158% of FY26 net profit of ₹66.4 Cr.
Borrowings ₹35.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹242 ₹238
-1.5% in line Net profit ₹17.3 ₹16.0
-7.3% in line
Turnaround: profit against a loss a year ago Operating margin expanded 2460 bps YoY 79% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.8% -0.1%
289 289 268 Operating profit
from loss +50.7%
10.1 6.7 -56.5 OPM %
+2460 bps +118 bps
3.5% 2.3% -21.1% Other income
-66.9% -57.1%
3.5 8.3 10.7 Net profit?
from loss +8.1%
4.4 4.0 -56.0 PAT margin %
+2244 bps +12 bps
1.5% 1.4% -20.9% EPS (₹)
from loss +9.8%
0.56 0.51 -7.21
Quality of profit
Pre-tax profit ₹4.5 Cr: core business ₹0.9 Cr, other income ₹3.5 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹78.0 Cr.
Borrowings ₹276 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹260 ₹289
+11.1% above
27% of pre-tax profit came from other income and one-off items
₹ Cr
Mar 2026
Sales
131 Operating profit
23.0 OPM %
17.6% Other income
7.0 Net profit
21.0 PAT margin %
16.0% EPS (₹)
5.48
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 ₹26.0 Cr: core business ₹19.0 Cr, other income ₹7.0 Cr.
M Cap ₹1,902 Cr
P/E 21.4
PEG —
Profit -99% below its own trend Operating margin contracted 371 bps YoY 56% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+14.6% +11.3%
650 584 567 Operating profit
-18.2% +8.5%
60.0 55.3 73.4 OPM %
-371 bps -24 bps
9.2% 9.5% 12.9% Other income
-88.1% -78.7%
7.3 34.2 61.1 Net profit?
-98.2% -94.5%
1.8 32.6 103 PAT margin %
-1779 bps -531 bps
0.3% 5.6% 18.1% EPS (₹)
-98.2% -94.5%
0.13 2.36 7.41
Quality of profit
Pre-tax profit ₹14.6 Cr: core business ₹6.4 Cr, other income ₹7.3 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
· reported profit -98.2%
Cash & debt
FY26 cash from operations ₹263 Cr:
380% of FY26 net profit of ₹69.2 Cr.
Borrowings ₹1,029 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹607 ₹650
+7.1% above Net profit ₹191 ₹1.8
-99.1% below
M Cap ₹1,894 Cr
P/E 41.6
PEG —
Operating margin expanded 2302 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+42.6% +48.1%
77.0 52.0 54.0 Operating profit
+633.3% +100.0%
22.0 11.0 3.0 OPM %
+2302 bps +742 bps
28.6% 21.2% 5.6% Other income
— —
0.0 0.0 0.0 Net profit?
— +183.3%
17.0 6.0 1.0 PAT margin %
+2023 bps +1054 bps
22.1% 11.5% 1.9% EPS (₹)
— +185.7%
0.60 0.21 0.02
No EPS growth against Mar 2025: ₹2 to ₹1 split in Aug 2025 and 8:1 bonus in Aug 2025.
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹17.0 Cr, other income ₹0.0 Cr.
Operating margin contracted 1237 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-3.3% +70.0%
56.6 33.3 58.5 Operating profit
to loss loss narrowed -5.8 -10.1 1.2 OPM %
-1237 bps +1999 bps
-10.3% -30.2% 2.1% Other income
to loss to loss -0.1 0.5 2.3 Net profit
-27.8% from loss 1.1 -14.7 1.6 PAT margin %
-69 bps +4614 bps
2.0% -44.1% 2.7% EPS (₹)
-30.0% from loss 0.28 -3.67 0.40
Quality of profit
Pre-tax profit −₹11.4 Cr: core business −₹11.2 Cr, other income −₹0.1 Cr.
Core profit YoY: loss widened
· reported profit -27.8%
Cash & debt
FY26 cash from operations −₹86.0 Cr.
Borrowings ₹24.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹58.3 ₹56.6
-3.0% in line
M Cap ₹1,888 Cr
P/E 24.5
PEG 4.08
Profit -13% below its own trend Operating margin contracted 618 bps YoY 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
+104.9% +23.7%
597 483 291 Operating profit
-8.1% +40.0%
30.0 21.4 32.6 OPM %
-618 bps +59 bps
5.0% 4.4% 11.2% Other income
+95.4% +2.4%
10.0 9.8 5.1 Net profit?
+7.4% +14.9%
22.0 19.1 20.5 PAT margin %
-334 bps -28 bps
3.7% 4.0% 7.0% EPS (₹)
— -1.0%
1.04 1.05 3.41
No EPS growth against Mar 2025: 2:1 bonus in Dec 2025.
Quality of profit
Pre-tax profit ₹31.0 Cr: core business ₹22.0 Cr, other income ₹10.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -7.7%
· reported profit +7.4%
Cash & debt
FY26 cash from operations −₹54.0 Cr:
-72% of FY26 net profit of ₹75.2 Cr.
Borrowings ₹368 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹296 ₹597
+101.8% above Net profit ₹25.3 ₹22.0
-13.1% below
M Cap ₹1,886 Cr
P/E 41.4
PEG —
Profit +369% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+17.2% -4.9%
1,279 1,345 1,091 Operating profit
+38.2% +2.7%
76.0 74.0 55.0 OPM %
+90 bps +44 bps
5.9% 5.5% 5.0% Other income
-66.7% -33.3%
2.0 3.0 6.0 Net profit?
+650.0% +7.1%
15.0 14.0 2.0 PAT margin %
+99 bps +13 bps
1.2% 1.0% 0.2% EPS (₹)
+964.7% +5.8%
3.62 3.42 0.34
Quality of profit
Pre-tax profit ₹21.0 Cr: core business ₹20.0 Cr, other income ₹2.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: from loss
· reported profit +650.0%
Cash & debt
FY26 cash from operations ₹267 Cr:
703% of FY26 net profit of ₹38.0 Cr.
Borrowings ₹876 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,385 ₹1,279
-7.7% below Net profit ₹3.2 ₹15.0
+369.4% above
M Cap ₹1,884 Cr
P/E 28.5
PEG —
Profit -29% below its own trend Operating margin contracted 466 bps YoY 31% 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
-1.5% -1.9%
265 270 269 Operating profit
-30.2% -6.2%
30.0 32.0 43.0 OPM %
-466 bps -53 bps
11.3% 11.9% 16.0% Other income
+0.0% from loss 11.0 -3.0 11.0 Net profit
-25.0% +58.8%
27.0 17.0 36.0 PAT margin %
-319 bps +389 bps
10.2% 6.3% 13.4% EPS (₹)
-25.6% +61.5%
26.54 16.43 35.65
Quality of profit
Pre-tax profit ₹35.0 Cr: core business ₹24.0 Cr, other income ₹11.0 Cr.
Core profit YoY: -35.1%
· reported profit -25.0%
Cash & debt
FY26 cash from operations −₹11.0 Cr:
-17% of FY26 net profit of ₹64.0 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹301 ₹265
-12.1% below Net profit ₹38.1 ₹27.0
-29.1% below
Profit +542% above its own trend Operating margin expanded 261 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+130.9% +340.7%
260 59.0 113 Operating profit
+166.4% from loss 51.0 -10.0 19.1 OPM %
+261 bps +3656 bps
19.6% -16.9% 17.0% Other income
+90.7% +100.0%
2.0 1.0 1.0 Net profit?
+220.8% from loss 28.0 -19.0 8.7 PAT margin %
+302 bps +4297 bps
10.8% -32.2% 7.8% EPS (₹)
+220.1% from loss 19.56 -11.76 6.11
Quality of profit
Pre-tax profit ₹37.0 Cr: core business ₹36.0 Cr, other income ₹2.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +164.2%
· reported profit +220.8%
Cash & debt
FY26 cash from operations −₹35.0 Cr:
-9859% of FY26 net profit of ₹0.4 Cr.
Borrowings ₹120 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹72.0 ₹260
+261.0% above Net profit ₹4.4 ₹28.0
+541.5% above
M Cap ₹1,862 Cr
P/E 7.6
PEG 0.17
Turnaround: profit against a loss a year ago Operating margin contracted 116 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
+3.7% +3.7%
507 489 489 Operating profit
to loss to loss -4.0 76.0 1.8 OPM %
-116 bps -1633 bps
-0.8% 15.5% 0.4% Other income
+35.1% +19.4%
74.0 62.0 54.8 Net profit?
from loss -33.3%
52.0 78.0 -3.3 PAT margin %
+1093 bps -569 bps
10.3% 16.0% -0.7% EPS (₹)
from loss -45.3%
6.21 11.35 -0.67
Quality of profit
Pre-tax profit ₹40.0 Cr: core business −₹34.0 Cr, other income ₹74.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹262 Cr:
-93% of FY26 net profit of ₹283 Cr.
Borrowings ₹591 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹424 ₹507
+19.5% above
M Cap ₹1,859 Cr
P/E 60.0
PEG 0.98
Profit +48% above its own trend Operating margin expanded 353 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+22.3% +42.5%
302 212 247 Operating profit
+66.7% +90.5%
40.0 21.0 24.0 OPM %
+353 bps +334 bps
13.2% 9.9% 9.7% Other income
-66.7% -50.0%
1.0 2.0 3.0 Net profit
+83.3% +144.4%
22.0 9.0 12.0 PAT margin %
+243 bps +304 bps
7.3% 4.2% 4.9% EPS (₹)
+73.5% +130.6%
17.11 7.42 9.86
Quality of profit
Pre-tax profit ₹30.0 Cr: core business ₹28.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +100.0%
· reported profit +83.3%
Cash & debt
FY26 cash from operations −₹32.0 Cr.
Borrowings ₹131 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹344 ₹302
-12.2% below Net profit ₹14.9 ₹22.0
+47.5% above
33% of pre-tax profit came from other income and one-off items
₹ Cr
Mar 2026
Sales
20.0 Operating profit
4.0 OPM %
20.0% Other income
1.0 Net profit?
4.0 PAT margin %
20.0% EPS (₹)
0.31
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 ₹3.0 Cr: core business ₹2.0 Cr, other income ₹1.0 Cr.
Operating margin contracted 3835 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-35.6% +15.5%
349 302 541 Operating profit
loss widened loss widened -202 -155 -106 OPM %
-3835 bps -652 bps
-57.9% -51.4% -19.6% Other income
+136.1% +61.5%
27.8 17.2 11.8 Net profit?
loss widened loss widened -191 -153 -149 PAT margin %
-2746 bps -416 bps
-54.9% -50.8% -27.5% EPS (₹)
loss widened loss widened -10.46 -8.38 -8.11
Quality of profit
Pre-tax profit −₹254 Cr: core business −₹282 Cr, other income ₹27.8 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹212 Cr.
Borrowings ₹1,466 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹497 ₹349
-29.8% below
M Cap ₹1,845 Cr
P/E 274.6
PEG —
Profit -96% below its own trend Operating margin contracted 530 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
+6.5% -4.2%
399 416 375 Operating profit
-37.5% -26.7%
29.9 40.8 48.0 OPM %
-530 bps -230 bps
7.5% 9.8% 12.8% Other income
+17.7% +33.8%
4.6 3.4 3.9 Net profit
-95.3% -86.6%
1.4 10.2 29.4 PAT margin %
-750 bps -212 bps
0.3% 2.5% 7.8% EPS (₹)
-95.4% -86.9%
0.11 0.84 2.40
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹3.5 Cr, other income ₹4.6 Cr.
Core profit YoY: to loss
· reported profit -95.3%
Cash & debt
FY26 cash from operations ₹111 Cr.
Borrowings ₹370 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹394 ₹399
+1.3% in line Net profit ₹32.2 ₹1.4
-95.7% below
Turnaround: profit against a loss a year ago Operating margin expanded 477 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.6% +33.3%
787 591 658 Operating profit
+121.5% +116.5%
81.5 37.7 36.8 OPM %
+477 bps +398 bps
10.4% 6.4% 5.6% Other income
+221.6% +511.5%
11.2 1.8 3.5 Net profit?
from loss from loss 100 -64.1 -73.0 PAT margin %
+2381 bps +2357 bps
12.7% -10.9% -11.1% EPS (₹)
from loss from loss 7.65 -4.90 -5.59
Quality of profit
Pre-tax profit −₹26.6 Cr: core business −₹37.8 Cr, other income ₹11.2 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹216 Cr.
Borrowings ₹1,708 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹738 ₹787
+6.6% above
M Cap ₹1,829 Cr
P/E 22.2
PEG —
Operating margin expanded 121 bps YoY Core business grew faster than reported profit (core profit +11%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.7% +4.4%
328 314 307 Operating profit
+21.8% -1.4%
32.0 32.5 26.3 OPM %
+121 bps -58 bps
9.8% 10.3% 8.5% Other income
-83.7% -71.3%
1.0 3.5 6.1 Net profit?
-17.4% -27.4%
16.0 22.0 19.4 PAT margin %
-142 bps -214 bps
4.9% 7.0% 6.3% EPS (₹)
-17.4% -27.4%
4.17 5.74 5.05
Quality of profit
Pre-tax profit ₹23.0 Cr: core business ₹22.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +10.7%
· reported profit -17.4%
Cash & debt
FY26 cash from operations ₹101 Cr:
124% of FY26 net profit of ₹81.4 Cr.
Borrowings ₹63.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹303 ₹328
+8.4% above Net profit ₹17.7 ₹16.0
-9.8% in line
M Cap ₹1,828 Cr
P/E 30.4
PEG 3.79
Profit +74% above its own trend 33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -22%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.5% +24.5%
573 460 505 Operating profit
-3.1% +99.9%
30.0 15.0 31.0 OPM %
-90 bps +198 bps
5.2% 3.3% 6.1% Other income
+304.1% +84.0%
9.0 4.9 2.2 Net profit
+12.1% +181.5%
21.0 7.5 18.7 PAT margin %
-5 bps +204 bps
3.7% 1.6% 3.7% EPS (₹)
+8.1% +179.2%
0.67 0.24 0.62
Quality of profit
Pre-tax profit ₹27.0 Cr: core business ₹18.0 Cr, other income ₹9.0 Cr.
Core profit YoY: -22.2%
· reported profit +12.1%
Cash & debt
FY26 cash from operations −₹42.0 Cr:
-69% of FY26 net profit of ₹60.7 Cr.
Borrowings ₹123 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹670 ₹573
-14.4% below Net profit ₹12.1 ₹21.0
+73.9% above
M Cap ₹1,827 Cr
P/E 99.0
PEG —
Operating margin expanded 416 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+26.0% +2.8%
193 188 153 Operating profit
+148.0% +17.6%
16.3 13.9 6.6 OPM %
+416 bps +106 bps
8.5% 7.4% 4.3% Other income
to loss to loss -0.2 0.2 1.3 Net profit?
— +34.0%
6.8 5.1 0.5 PAT margin %
+318 bps +82 bps
3.5% 2.7% 0.3% EPS (₹)
— +33.3%
0.40 0.30 0.03
Quality of profit
Pre-tax profit ₹10.8 Cr: core business ₹11.1 Cr, other income −₹0.2 Cr.
M Cap ₹1,823 Cr
P/E 1.8
PEG —
Profit +36% above its own trend Core business grew faster than reported profit (core profit +95%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+61.8% -28.4%
1,597 2,232 987 Operating profit
+65.2% -19.7%
423 527 256 OPM %
+55 bps +288 bps
26.5% 23.6% 25.9% Other income
— —
0.0 0.0 0.0 Net profit?
+71.9% -33.0%
208 311 121 PAT margin %
+77 bps -89 bps
13.0% 13.9% 12.3% EPS (₹)
+71.7% -33.1%
1.03 1.54 0.60
Quality of profit
Pre-tax profit ₹339 Cr: core business ₹339 Cr, other income ₹0.0 Cr.
Core profit YoY: +94.8%
· reported profit +71.9%
Against its own trend ?
Trend Actual Gap
Sales ₹1,316 ₹1,597
+21.3% above Net profit ₹153 ₹208
+36.0% 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, 03:48 IST
