Home › Quarterly results › Q4 FY26
Q4 FY26 quarterly results (January-March 2026)
5,115 companies have declared Q4 FY26 results so far, the latest on 12 Oct 2026.
Across the 4,645 non-financial companies with a year-ago quarter to compare, sales grew +12.4% and net profit +34.1% year on year, and the combined operating margin widened 10 bps to 14.3%.
For the 120 banks and lenders, net interest income grew +9.1% and net profit +11.1%.
55% of companies grew net profit; 472 turned a loss into a profit; 38% beat their own profit trend and 48% fell short of it.
5115 declared
Latest results
Results calendar
Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26
The next results season has started: 45 companies have filed results for the quarter ended 30 Sep 2026.
See them → Q4 FY26 scoreboard
Sales growth
+12.4%
YoY, 4645 companies combined; median +11.7%
Net profit growth
+34.1%
YoY combined; median +16.1%
Operating margin
14.3%
+10 bps YoY
Grew profit
55%
472 turnarounds, 495 into loss
Vs own profit trend
38% / 48%
above / below, 14% in line
Banks: NII growth
+9.1%
120 lenders; profit +11.1%
Price since results
-3.9%
median; 31% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs
Filters & sorting
Results by sector
Latest Q4 FY26 results 5115
Page 43 of 171
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
Profit -100% below its own trend Operating margin contracted 720 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
-8.1% +38.2%
591 428 643 Operating profit
-67.2% -19.4%
23.7 29.4 72.1 OPM %
-720 bps -286 bps
4.0% 6.9% 11.2% Other income
-48.2% +2.9%
2.9 2.8 5.5 Net profit?
-99.9% -99.2%
0.0 2.6 37.7 PAT margin %
-586 bps -60 bps
0.0% 0.6% 5.9% EPS (₹)
-100.0% -100.0%
0.00 0.27 3.93
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹1.8 Cr, other income ₹2.9 Cr.
Core profit YoY: to loss
· reported profit -99.9%
Cash & debt
FY26 cash from operations −₹140 Cr:
-4301% of FY26 net profit of ₹3.3 Cr.
Borrowings ₹739 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹640 ₹591
-7.7% below Net profit ₹38.9 ₹0.0
-99.9% below
M Cap ₹1,696 Cr
P/E 7.6
PEG 0.35
Profit -60% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
-24.7% -3.3%
119 123 158 Net interest income
— +17.2%
75.0 64.0 — Other income
— -100.0%
0.0 1.0 — Net profit
-20.7% -6.1%
46.0 49.0 58.0 EPS (₹)
-22.0% -6.6%
0.71 0.76 0.91
Against its own trend ?
Trend Actual Gap
Net profit ₹116 ₹46.0
-60.3% below
M Cap ₹1,694 Cr
P/E 25.6
PEG —
Operating margin expanded 130 bps YoY Profit grew faster than the core business (core profit +31%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+28.1% +80.6%
93.5 51.8 73.0 Operating profit
+34.5% +27.0%
25.6 20.1 19.0 OPM %
+130 bps -1153 bps
27.3% 38.9% 26.0% Other income
+353.2% +67.6%
4.5 2.7 1.0 Net profit?
+53.8% +39.8%
21.5 15.4 14.0 PAT margin %
+385 bps -672 bps
23.0% 29.7% 19.2%
Quality of profit
Pre-tax profit ₹26.7 Cr: core business ₹22.2 Cr, other income ₹4.5 Cr.
Core profit YoY: +30.7%
· reported profit +53.8%
M Cap ₹1,694 Cr
P/E 29.6
PEG 2.69
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.2% +4.9%
94.0 89.6 93.8 Operating profit
+1.9% -8.3%
17.7 19.3 17.4 OPM %
+31 bps -271 bps
18.8% 21.5% 18.5% Other income
+66.1% +25.1%
2.9 2.3 1.7 Net profit?
+0.2% +6.3%
9.1 8.5 9.0 PAT margin %
+0 bps +13 bps
9.6% 9.5% 9.6% EPS (₹)
-0.2% +6.3%
8.93 8.40 8.95
Quality of profit
Pre-tax profit ₹11.8 Cr: core business ₹8.9 Cr, other income ₹2.9 Cr.
Core profit YoY: -14.8%
· reported profit +0.2%
Cash & debt
FY26 cash from operations ₹37.0 Cr:
69% of FY26 net profit of ₹53.5 Cr.
Borrowings ₹148 Cr at Mar 2026.
M Cap ₹1,693 Cr
P/E 25.1
PEG 0.49
Profit -61% below its own trend Operating margin contracted 478 bps YoY Core business grew faster than reported profit (core profit +2%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+48.1% +12.0%
271 242 183 Operating profit
+4.2% +55.2%
30.6 19.7 29.4 OPM %
-478 bps +315 bps
11.3% 8.2% 16.1% Other income
to loss to loss -4.3 3.0 1.0 Net profit?
-25.3% +4.2%
11.3 10.8 15.1 PAT margin %
-410 bps -31 bps
4.2% 4.5% 8.3% EPS (₹)
-24.9% +5.9%
2.71 2.56 3.61
Quality of profit
Pre-tax profit ₹16.7 Cr: core business ₹20.9 Cr, other income −₹4.3 Cr.
Core profit YoY: +1.7%
· reported profit -25.3%
Cash & debt
FY26 cash from operations ₹99.0 Cr:
222% of FY26 net profit of ₹44.6 Cr.
Borrowings ₹101 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹258 ₹271
+4.9% in line Net profit ₹28.8 ₹11.3
-60.7% below
Operating margin contracted 142 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-18.9% +2.0%
424 416 523 Operating profit
-59.5% from loss 6.0 -15.1 14.8 OPM %
-142 bps +504 bps
1.4% -3.6% 2.8% Other income
-100.0% -100.0%
0.0 4.0 7.8 Net profit?
loss widened loss narrowed -28.0 -46.6 -14.1 PAT margin %
-392 bps +459 bps
-6.6% -11.2% -2.7% EPS (₹)
loss widened loss narrowed -2.32 -3.92 -1.37
Quality of profit
Pre-tax profit −₹38.0 Cr: core business −₹39.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations −₹131 Cr.
Borrowings ₹2,175 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹465 ₹424
-8.9% below
M Cap ₹1,690 Cr
P/E 13.5
PEG 0.45
Profit -20% below its own trend Operating margin contracted 206 bps YoY 25% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -37%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+18.7% +10.6%
426 385 359 Operating profit
-12.2% -7.4%
25.0 27.0 28.5 OPM %
-206 bps -114 bps
5.9% 7.0% 7.9% Other income
+75.1% +400.0%
5.0 1.0 2.9 Net profit?
-13.6% +20.0%
12.0 10.0 13.9 PAT margin %
-105 bps +22 bps
2.8% 2.6% 3.9% EPS (₹)
-15.7% +11.4%
4.02 3.61 4.77
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹12.0 Cr, other income ₹5.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -37.4%
· reported profit -13.6%
Cash & debt
FY26 cash from operations ₹100 Cr:
72% of FY26 net profit of ₹139 Cr.
Borrowings ₹157 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹382 ₹426
+11.6% above Net profit ₹15.0 ₹12.0
-19.8% below
M Cap ₹1,689 Cr
P/E 53.8
PEG 2.07
Profit -42% below its own trend Operating margin contracted 2017 bps YoY Profit grew faster than the core business (core profit -55%) FY26 operating cash flow was only 48% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+10.4% +37.2%
104 75.8 94.2 Operating profit
-31.7% +115.9%
34.0 15.8 49.8 OPM %
-2017 bps +1191 bps
32.7% 20.8% 52.9% Other income
— -50.2%
3.0 6.0 0.1 Net profit?
-31.6% —
13.0 1.1 19.0 PAT margin %
-767 bps +1111 bps
12.5% 1.4% 20.2% EPS (₹)
-37.9% —
2.96 0.16 4.77
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹14.0 Cr, other income ₹3.0 Cr.
Core profit YoY: -55.4%
· reported profit -31.6%
Cash & debt
FY26 cash from operations ₹16.0 Cr:
48% of FY26 net profit of ₹33.1 Cr.
Borrowings ₹173 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹110 ₹104
-5.4% below Net profit ₹22.5 ₹13.0
-42.3% below
M Cap ₹1,686 Cr
P/E 16.6
PEG 0.20
Profit +89% above its own trend Operating margin expanded 1292 bps YoY Core business grew faster than reported profit (core profit +477%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+120.7% +99.7%
287 144 130 Operating profit
+361.8% +274.9%
71.0 18.9 15.4 OPM %
+1292 bps +1156 bps
24.7% 13.2% 11.8% Other income
to loss to loss -18.0 0.9 1.6 Net profit
+277.4% +79.4%
36.0 20.1 9.5 PAT margin %
+521 bps -142 bps
12.5% 14.0% 7.3% EPS (₹)
+277.6% +79.6%
11.10 6.18 2.94
Quality of profit
Pre-tax profit ₹48.0 Cr: core business ₹65.0 Cr, other income −₹18.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +476.7%
· reported profit +277.4%
Cash & debt
FY26 cash from operations −₹64.0 Cr:
-88% of FY26 net profit of ₹72.5 Cr.
Borrowings ₹174 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹152 ₹287
+88.9% above Net profit ₹19.1 ₹36.0
+88.7% above
M Cap ₹1,679 Cr
P/E 18.2
PEG 0.39
Profit -24% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.6% +9.7%
520 474 493 Operating profit
+4.3% +19.4%
86.0 72.0 82.4 OPM %
-20 bps +135 bps
16.5% 15.2% 16.7% Other income
-16.3% from loss 2.0 -5.0 2.4 Net profit?
-16.9% +55.0%
31.0 20.0 37.3 PAT margin %
-161 bps +174 bps
6.0% 4.2% 7.6% EPS (₹)
-17.0% +58.9%
4.80 3.02 5.78
Quality of profit
Pre-tax profit ₹42.0 Cr: core business ₹40.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -17.9%
· reported profit -16.9%
Cash & debt
FY26 cash from operations ₹226 Cr:
246% of FY26 net profit of ₹91.8 Cr.
Borrowings ₹755 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹540 ₹520
-3.6% in line Net profit ₹40.8 ₹31.0
-24.1% below
M Cap ₹1,672 Cr
P/E 8.5
PEG —
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+100.0% +38.0%
794 575 397 Operating profit
+94.7% +48.4%
111 74.8 57.0 OPM %
-38 bps +98 bps
14.0% 13.0% 14.4% Other income
— to loss -2.0 6.9 0.0 Net profit?
+66.7% +38.0%
70.0 50.7 42.0 PAT margin %
-176 bps +0 bps
8.8% 8.8% 10.6% EPS (₹)
+65.6% +40.1%
3.18 2.27 1.92
Quality of profit
Pre-tax profit ₹86.0 Cr: core business ₹88.0 Cr, other income −₹2.0 Cr.
Core profit YoY: +66.0%
· reported profit +66.7%
M Cap ₹1,668 Cr
P/E 426.7
PEG —
Operating margin contracted 974 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% +0.9%
1,085 1,075 1,161 Operating profit
-81.0% +58.8%
27.0 17.0 142 OPM %
-974 bps +91 bps
2.5% 1.6% 12.2% Other income
+20.4% -18.7%
165 203 137 Net profit?
loss widened to loss -14.0 34.0 -2.0 PAT margin %
-112 bps -445 bps
-1.3% 3.2% -0.2% EPS (₹)
to loss to loss -1.78 9.15 0.82
Quality of profit
Pre-tax profit ₹9.0 Cr: core business −₹156 Cr, other income ₹165 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹413 Cr:
10563% of FY26 net profit of ₹3.9 Cr.
Borrowings ₹1,968 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,148 ₹1,085
-5.5% below
M Cap ₹1,659 Cr
P/E 8.7
PEG 0.28
Profit -69% below its own trend Operating margin contracted 585 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
+7.3% +8.9%
263 242 245 Operating profit
-10.3% +8.8%
78.0 71.7 87.0 OPM %
-585 bps -2 bps
29.7% 29.7% 35.5% Other income
-51.4% from loss 18.0 -80.5 37.0 Net profit?
-37.5% from loss 45.0 -33.4 72.0 PAT margin %
-1228 bps +3093 bps
17.1% -13.8% 29.4% EPS (₹)
-36.6% from loss 15.66 -11.52 24.71
Quality of profit
Pre-tax profit ₹57.0 Cr: core business ₹38.0 Cr, other income ₹18.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -28.3%
· reported profit -37.5%
Cash & debt
FY26 cash from operations ₹178 Cr:
85% of FY26 net profit of ₹210 Cr.
Borrowings ₹93.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹321 ₹263
-18.0% below Net profit ₹144 ₹45.0
-68.8% below
M Cap ₹1,658 Cr
P/E 31.2
PEG 3.47
Operating margin contracted 111 bps YoY Core business grew faster than reported profit (core profit +77%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.8% +30.9%
123 94.0 110 Operating profit
+5.0% +10.5%
21.0 19.0 20.0 OPM %
-111 bps -314 bps
17.1% 20.2% 18.2% Other income
-100.0% —
0.0 0.0 1.0 Net profit
+8.3% +8.3%
13.0 12.0 12.0 PAT margin %
-34 bps -220 bps
10.6% 12.8% 10.9% EPS (₹)
+10.4% +6.8%
2.66 2.49 2.41
Quality of profit
Pre-tax profit ₹18.0 Cr: core business ₹18.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +77.1%
· reported profit +8.3%
Cash & debt
FY26 cash from operations ₹42.0 Cr:
86% of FY26 net profit of ₹49.0 Cr.
Borrowings ₹58.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹111 ₹123
+11.3% above Net profit ₹13.1 ₹13.0
-1.1% in line
M Cap ₹1,652 Cr
P/E 22.0
PEG —
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+12.0% +3.0%
168 163 150 Operating profit
+10.7% +0.9%
31.0 30.7 28.0 OPM %
-21 bps -39 bps
18.5% 18.8% 18.7% Other income
-25.0% +13.7%
3.0 2.6 4.0 Net profit?
+5.0% +1.3%
21.0 20.7 20.0 PAT margin %
-83 bps -21 bps
12.5% 12.7% 13.3% EPS (₹)
+6.1% +1.7%
5.36 5.27 5.05
Quality of profit
Pre-tax profit ₹29.0 Cr: core business ₹26.0 Cr, other income ₹3.0 Cr.
Core profit YoY: +13.0%
· reported profit +5.0%
Profit -41% below its own trend Operating margin expanded 1057 bps YoY Core business grew faster than reported profit (core profit +10%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+50.0% +53.8%
123 80.0 82.0 Operating profit
+142.9% +142.9%
34.0 14.0 14.0 OPM %
+1057 bps +1014 bps
27.6% 17.5% 17.1% Other income
-81.8% -60.0%
2.0 5.0 11.0 Net profit
-31.2% +22.2%
11.0 9.0 16.0 PAT margin %
-1057 bps -231 bps
8.9% 11.2% 19.5% EPS (₹)
-30.9% +17.0%
3.31 2.83 4.79
Quality of profit
Pre-tax profit ₹13.0 Cr: core business ₹11.0 Cr, other income ₹2.0 Cr.
Core profit YoY: +10.0%
· reported profit -31.2%
Cash & debt
FY26 cash from operations ₹63.0 Cr:
147% of FY26 net profit of ₹43.0 Cr.
Borrowings ₹375 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹112 ₹123
+10.3% above Net profit ₹18.7 ₹11.0
-41.1% below
M Cap ₹1,644 Cr
P/E 11.5
PEG 1.44
Profit +69% above its own trend Operating margin expanded 280 bps YoY Profit grew faster than the core business (core profit +29%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.5% +13.9%
308 270 307 Operating profit
+21.9% +14.6%
49.0 42.8 40.2 OPM %
+280 bps +10 bps
15.9% 15.8% 13.1% Other income
+63.7% +5.4%
10.0 9.5 6.1 Net profit?
+51.2% -5.1%
38.0 40.0 25.1 PAT margin %
+414 bps -246 bps
12.3% 14.8% 8.2% EPS (₹)
+51.8% -4.7%
22.95 24.08 adj. 15.12
EPS restated for the 1:1 bonus of Dec 2025 and the ₹10 to ₹5 split of Dec 2025: Mar 2025 ₹60.48 to ₹15.12.
Quality of profit
Pre-tax profit ₹51.0 Cr: core business ₹41.0 Cr, other income ₹10.0 Cr.
Core profit YoY: +29.0%
· reported profit +51.2%
Cash & debt
FY26 cash from operations ₹132 Cr:
91% of FY26 net profit of ₹146 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹313 ₹308
-1.7% in line Net profit ₹22.5 ₹38.0
+69.2% above
M Cap ₹1,641 Cr
P/E 10.9
PEG 1.09
46% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -6%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+2.3% -2.2%
2,925 2,990 2,858 Operating profit
-3.1% +9.5%
46.0 42.0 47.5 OPM %
-9 bps +17 bps
1.6% 1.4% 1.7% Other income
+142.4% +33.3%
24.0 18.0 9.9 Net profit?
+21.4% +9.5%
46.0 42.0 37.9 PAT margin %
+25 bps +17 bps
1.6% 1.4% 1.3% EPS (₹)
+25.6% +5.3%
26.19 24.88 20.85
Quality of profit
Pre-tax profit ₹52.0 Cr: core business ₹28.0 Cr, other income ₹24.0 Cr.
Core profit YoY: -6.5%
· reported profit +21.4%
Cash & debt
FY26 cash from operations ₹302 Cr:
214% of FY26 net profit of ₹141 Cr.
Borrowings ₹116 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3,151 ₹2,925
-7.2% below Net profit ₹50.0 ₹46.0
-7.9% in line
M Cap ₹1,640 Cr
P/E 25.4
PEG 0.87
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.3% +10.1%
229 208 192 Operating profit
+28.1% +15.2%
26.5 23.0 20.7 OPM %
+80 bps +50 bps
11.6% 11.1% 10.8% Other income
-15.9% +31.6%
3.9 3.0 4.7 Net profit?
+12.6% +23.0%
18.5 15.0 16.4 PAT margin %
-48 bps +84 bps
8.1% 7.2% 8.5% EPS (₹)
+12.6% +21.4%
7.76 6.39 6.89
Quality of profit
Pre-tax profit ₹23.7 Cr: core business ₹19.7 Cr, other income ₹3.9 Cr.
Core profit YoY: +25.9%
· reported profit +12.6%
Cash & debt
FY26 cash from operations ₹55.0 Cr:
92% of FY26 net profit of ₹59.5 Cr.
Borrowings ₹62.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹215 ₹229
+6.6% above Net profit ₹19.4 ₹18.5
-4.7% in line
M Cap ₹1,637 Cr
P/E 46.7
PEG 0.77
Profit -26% below its own trend Core business grew faster than reported profit (core profit +9%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+25.1% +4.8%
81.4 77.7 65.1 Operating profit
+27.0% +5.2%
24.4 23.2 19.2 OPM %
+46 bps +12 bps
29.9% 29.8% 29.5% Other income
-3.3% +27.4%
0.8 0.6 0.8 Net profit?
-14.1% -14.9%
6.2 7.2 7.2 PAT margin %
-345 bps -175 bps
7.6% 9.3% 11.0% EPS (₹)
-14.8% -16.0%
1.21 1.44 1.42
Quality of profit
Pre-tax profit ₹10.0 Cr: core business ₹9.2 Cr, other income ₹0.8 Cr.
Core profit YoY: +9.5%
· reported profit -14.1%
Cash & debt
FY26 cash from operations ₹82.0 Cr:
261% of FY26 net profit of ₹31.4 Cr.
Borrowings ₹130 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹77.3 ₹81.4
+5.3% above Net profit ₹8.4 ₹6.2
-26.3% below
M Cap ₹1,635 Cr
P/E 37.5
PEG —
Profit +63% above its own trend Operating margin expanded 101 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.7% +7.6%
85.0 79.0 71.0 Operating profit
+23.8% -3.7%
26.0 27.0 21.0 OPM %
+101 bps -359 bps
30.6% 34.2% 29.6% Other income
— —
0.0 0.0 0.0 Net profit
+10.0% -8.3%
11.0 12.0 10.0 PAT margin %
-114 bps -225 bps
12.9% 15.2% 14.1% EPS (₹)
+8.4% -11.5%
2.32 2.62 2.14
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹15.0 Cr, other income ₹0.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +15.4%
· reported profit +10.0%
Cash & debt
FY26 cash from operations −₹104 Cr:
-236% of FY26 net profit of ₹44.0 Cr.
Borrowings ₹379 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹54.2 ₹85.0
+56.8% above Net profit ₹6.8 ₹11.0
+63.0% above
M Cap ₹1,631 Cr
P/E 22.1
PEG —
Core business grew faster than reported profit (core profit +78%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+83.2% -18.8%
740 912 404 Operating profit
+93.0% +19.2%
28.9 24.3 15.0 OPM %
+20 bps +125 bps
3.9% 2.7% 3.7% Other income
-89.0% -94.9%
0.4 8.6 4.0 Net profit?
+27.1% -23.9%
17.8 23.4 14.0 PAT margin %
-106 bps -16 bps
2.4% 2.6% 3.5% EPS (₹)
+17.5% -20.6%
10.74 13.52 9.14
Quality of profit
Pre-tax profit ₹21.7 Cr: core business ₹21.3 Cr, other income ₹0.4 Cr.
Core profit YoY: +77.6%
· reported profit +27.1%
Against its own trend ?
Trend Actual Gap
Sales ₹559 ₹740
+32.4% above Net profit ₹19.2 ₹17.8
-7.2% in line
Operating margin contracted 509 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.0% +43.0%
50.9 35.6 48.9 Operating profit
-11.1% +24.5%
15.3 12.3 17.2 OPM %
-509 bps -447 bps
30.0% 34.5% 35.1% Other income
-75.0% -95.0%
0.0 0.2 0.0 Net profit?
-33.5% +115.0%
11.1 5.2 16.6 PAT margin %
-1228 bps +728 bps
21.8% 14.5% 34.0% EPS (₹)
— +100.0%
0.20 0.10 0.42
No EPS growth against Mar 2025: ₹10 to ₹2 split in Apr 2026 and 1:1 bonus in Apr 2026.
Quality of profit
Pre-tax profit ₹14.4 Cr: core business ₹14.4 Cr, other income ₹0.0 Cr.
Core profit YoY: -6.6%
· reported profit -33.5%
M Cap ₹1,624 Cr
P/E 86.5
PEG —
Profit +793% above its own trend Operating margin expanded 170 bps YoY Core business grew faster than reported profit (core profit +397%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+1.4% +13.0%
366 324 361 Operating profit
+24.8% +42.2%
33.3 23.4 26.7 OPM %
+170 bps +187 bps
9.1% 7.2% 7.4% Other income
-4.3% +70.5%
2.2 1.3 2.3 Net profit?
+346.5% +509.5%
9.0 1.5 2.0 PAT margin %
+191 bps +201 bps
2.5% 0.5% 0.6% EPS (₹)
+316.2% +516.0%
1.54 0.25 0.37
Quality of profit
Pre-tax profit ₹13.4 Cr: core business ₹11.2 Cr, other income ₹2.2 Cr.
Core profit YoY: +396.9%
· reported profit +346.5%
Cash & debt
FY26 cash from operations ₹151 Cr:
2305% of FY26 net profit of ₹6.5 Cr.
Borrowings ₹188 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹326 ₹366
+12.3% above Net profit ₹1.0 ₹9.0
+793.1% above
M Cap ₹1,622 Cr
P/E 4.2
PEG 1.39
Turnaround: profit against a loss a year ago Operating margin expanded 10031 bps YoY 80% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 12% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+42.3% +270.0%
37.0 10.0 26.0 Operating profit
from loss +233.3%
30.0 9.0 -5.0 OPM %
+10031 bps -892 bps
81.1% 90.0% -19.2% Other income
— +9.0%
121 111 0.0 Net profit?
from loss +28.1%
114 89.0 -3.0 EPS (₹)
from loss +27.8%
30.33 23.73 -0.88
Quality of profit
Pre-tax profit ₹152 Cr: core business ₹30.0 Cr, other income ₹121 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹33.0 Cr:
12% of FY26 net profit of ₹281 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹29.1 ₹37.0
+27.3% above
Operating margin contracted 485 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+82.2% +143.0%
647 266 355 Operating profit
+35.9% +164.5%
92.2 34.9 67.8 OPM %
-485 bps +116 bps
14.2% 13.1% 19.1% Other income
+72.2% +28.5%
6.8 5.3 4.0 Net profit?
+48.3% +167.8%
56.0 20.9 37.8 PAT margin %
-198 bps +80 bps
8.6% 7.8% 10.6% EPS (₹)
+5.3% +167.9%
2.17 0.81 2.06
Quality of profit
Pre-tax profit ₹77.9 Cr: core business ₹71.1 Cr, other income ₹6.8 Cr.
Core profit YoY: +37.4%
· reported profit +48.3%
Operating margin expanded 115 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+32.7% +27.2%
159 125 120 Operating profit
+65.8% +129.9%
9.2 4.0 5.5 OPM %
+115 bps +258 bps
5.8% 3.2% 4.6% Other income
+230.4% +220.2%
2.6 0.8 0.8 Net profit?
loss narrowed loss narrowed -7.8 -15.7 -16.1 PAT margin %
+855 bps +767 bps
-4.9% -12.6% -13.5% EPS (₹)
loss narrowed loss narrowed -3.49 -7.04 -7.18
Quality of profit
Pre-tax profit −₹7.9 Cr: core business −₹10.5 Cr, other income ₹2.6 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹81.0 Cr.
Borrowings ₹449 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹125 ₹159
+27.0% above
M Cap ₹1,611 Cr
P/E 52.8
PEG —
Profit -32% below its own trend Operating margin expanded 116 bps YoY Core business grew faster than reported profit (core profit +64%) FY26 operating cash flow was only 32% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.7% +1.7%
216 213 185 Operating profit
+43.5% +20.0%
13.5 11.2 9.4 OPM %
+116 bps +95 bps
6.2% 5.3% 5.1% Other income
+33.3% +42.3%
0.3 0.2 0.2 Net profit?
+24.3% +1.2%
7.5 7.4 6.0 PAT margin %
+21 bps -2 bps
3.5% 3.5% 3.3% EPS (₹)
+24.1% +1.2%
2.47 adj. 2.441.99
EPS restated for the 1:2 bonus of Mar 2026: Dec 2025 ₹3.66 to ₹2.44.
Quality of profit
Pre-tax profit ₹8.3 Cr: core business ₹8.0 Cr, other income ₹0.3 Cr.
Core profit YoY: +63.7%
· reported profit +24.3%
Cash & debt
FY26 cash from operations ₹9.0 Cr:
32% of FY26 net profit of ₹28.1 Cr.
Borrowings ₹184 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹231 ₹216
-6.3% below Net profit ₹11.0 ₹7.5
-31.5% below
₹ Cr
Mar 2026
Sales
161 Operating profit
35.2 OPM %
21.9% Other income
0.5 Net profit?
24.2 PAT margin %
15.0% EPS (₹)
6.15
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 ₹31.3 Cr: core business ₹30.8 Cr, other income ₹0.5 Cr.
M Cap ₹1,606 Cr
P/E 25.7
PEG —
Profit +37% above its own trend Operating margin expanded 425 bps YoY Core business grew faster than reported profit (core profit +80%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+21.7% +12.9%
157 139 129 Operating profit
+59.7% +27.3%
28.0 22.0 17.5 OPM %
+425 bps +201 bps
17.8% 15.8% 13.6% Other income
-66.2% —
1.0 0.0 3.0 Net profit?
+45.6% +30.8%
17.0 13.0 11.7 PAT margin %
+178 bps +148 bps
10.8% 9.4% 9.1% EPS (₹)
+34.6% +29.1%
9.18 7.11 6.82
Quality of profit
Pre-tax profit ₹23.0 Cr: core business ₹22.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +80.3%
· reported profit +45.6%
Against its own trend ?
Trend Actual Gap
Sales ₹147 ₹157
+6.8% above Net profit ₹12.4 ₹17.0
+36.9% 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, 04:29 IST
