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, 05:07 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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544201
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 2428 bps YoY 32% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+76.4% +35.2%
51.8 38.3 29.3
Operating profit
from loss +7.8%
4.0 3.7 -4.8
OPM %
+2428 bps -198 bps
7.8% 9.8% -16.5%
Other income
-73.6% +58.3%
0.2 0.1 0.7
Net profit
from loss +208.8%
2.8 0.9 -7.6
PAT margin %
+3143 bps +305 bps
5.4% 2.4% -26.0%
EPS (₹)
from loss +210.8%
1.15 0.37 -3.12
Quality of profit
Core 68% Other income & one-offs 32%
Pre-tax profit ₹0.6 Cr: core business ₹0.4 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹9.4 Cr.
Borrowings ₹18.3 Cr at Mar 2026.
544220
· H2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin expanded 347 bps YoY 32% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +42%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+6.0% -13.2%
4.4 5.1 4.2
Operating profit
+60.7% -16.7%
0.5 0.5 0.3
OPM %
+347 bps -43 bps
10.2% 10.6% 6.7%
Other income
-52.9% -27.3%
0.1 0.1 0.2
Net profit?
-29.4% -60.0%
0.1 0.3 0.2
PAT margin %
-137 bps -318 bps
2.7% 5.9% 4.1%
EPS (₹)
-28.4% -59.5%
0.53 1.31 0.74
Quality of profit
Core 68% Other income & one-offs 32%
Pre-tax profit ₹0.2 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: +41.7%
· reported profit -29.4%
Cash & debt
FY26 cash from operations −₹0.8 Cr.
Borrowings ₹0.5 Cr at Mar 2026.
544245
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -23% below its own trend Operating margin contracted 506 bps YoY 97% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -98%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+39.2% -29.4%
12.5 17.7 9.0
Operating profit
-95.7% -98.8%
0.0 1.7 0.5
OPM %
-506 bps -948 bps
0.2% 9.6% 5.2%
Other income
+190.9% +190.9%
0.3 0.1 0.1
Net profit
-16.7% -75.8%
0.3 1.2 0.4
PAT margin %
-161 bps -460 bps
2.4% 7.0% 4.0%
EPS (₹)
-26.3% -78.6%
0.84 3.92 1.14
Quality of profit
Core 3% Other income & one-offs 97%
Pre-tax profit ₹0.3 Cr: core business ₹0.0 Cr, other income ₹0.3 Cr.
Core profit YoY: -97.5%
· reported profit -16.7%
Cash & debt
FY26 cash from operations ₹1.7 Cr.
Borrowings ₹0.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹10.7 ₹12.5
+16.6% above
Net profit ₹0.4 ₹0.3
-22.9% below
544251
· H2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -96% below its own trend Operating margin contracted 7254 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
-75.9% -36.6%
2.4 3.8 10.0
Operating profit
to loss to loss
-0.9 0.4 3.6
OPM %
-7254 bps -4715 bps
-36.1% 11.1% 36.4%
Other income
+43.7% +131.8%
1.0 0.4 0.7
Net profit?
-96.8% -70.6%
0.1 0.3 3.2
PAT margin %
-2748 bps -480 bps
4.1% 8.9% 31.6%
EPS (₹)
-89.4% -23.1%
0.20 0.26 1.88
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹1.0 Cr, other income ₹1.0 Cr.
Core profit YoY: to loss
· reported profit -96.8%
Cash & debt
FY26 cash from operations −₹11.4 Cr.
Borrowings ₹0.3 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹12.2 ₹2.4
-80.3% below
Net profit ₹2.3 ₹0.1
-95.6% below
544257
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -39% below its own trend Operating margin expanded 1926 bps YoY 35% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-45.3% -23.7%
1.6 2.1 2.9
Operating profit
-26.5% +45.1%
1.2 0.8 1.6
OPM %
+1926 bps +3570 bps
75.3% 39.6% 56.1%
Other income
-41.7% -69.1%
0.6 1.8 1.0
Net profit
-23.9% -29.9%
1.4 2.0 1.9
PAT margin %
+2545 bps -804 bps
90.5% 98.6% 65.1%
EPS (₹)
-23.9% -29.9%
2.51 3.58 3.30
Quality of profit
Core 65% Other income & one-offs 35%
Pre-tax profit ₹1.6 Cr: core business ₹1.0 Cr, other income ₹0.6 Cr.
Core profit YoY: -32.3%
· reported profit -23.9%
Cash & debt
FY26 cash from operations ₹0.2 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹5.8 ₹1.6
-72.7% below
Net profit ₹2.3 ₹1.4
-39.0% below
544287
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 196 bps YoY 50% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+22.1% +29.7%
19.2 14.8 15.7
Operating profit
+29.0% +37.4%
7.0 5.1 5.4
OPM %
+196 bps +204 bps
36.5% 34.5% 34.6%
Other income
+25.5% +21.6%
2.4 1.9 1.9
Net profit
+47.4% +33.2%
3.5 2.6 2.3
PAT margin %
+308 bps +47 bps
18.0% 17.5% 14.9%
EPS (₹)
+47.7% +33.7%
2.54 1.90 1.72
Quality of profit
Core 50% Other income & one-offs 50%
Pre-tax profit ₹4.7 Cr: core business ₹2.3 Cr, other income ₹2.4 Cr.
Core profit YoY: +39.1%
· reported profit +47.4%
Cash & debt
FY26 cash from operations ₹14.3 Cr.
Borrowings ₹18.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹23.7 ₹19.2
-18.9% below
Net profit ₹3.4 ₹3.5
+1.0% in line
544313
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -65% below its own trend Operating margin contracted 602 bps YoY 43% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -58%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-4.3% +65.5%
39.4 23.8 41.2
Operating profit
-51.9% -30.2%
2.4 3.4 5.0
OPM %
-602 bps -836 bps
6.1% 14.5% 12.1%
Other income
— —
1.3 0.0 0.1
Net profit
-29.1% +14.0%
2.4 2.1 3.3
PAT margin %
-209 bps -271 bps
6.0% 8.7% 8.1%
EPS (₹)
-29.1% +13.7%
2.24 1.97 3.16
Quality of profit
Core 57% Other income & one-offs 43%
Pre-tax profit ₹3.1 Cr: core business ₹1.8 Cr, other income ₹1.3 Cr.
Core profit YoY: -58.3%
· reported profit -29.1%
Cash & debt
FY26 cash from operations ₹7.6 Cr.
Borrowings ₹7.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹82.4 ₹39.4
-52.2% below
Net profit ₹6.7 ₹2.4
-64.6% below
544327
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +38% above its own trend Operating margin contracted 312 bps YoY 52% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -62%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-5.7% +1.8%
28.5 28.0 30.3
Operating profit
-32.9% -1.3%
2.2 2.2 3.3
OPM %
-312 bps -24 bps
7.7% 8.0% 10.8%
Other income
+87.8% +51.0%
0.8 0.5 0.4
Net profit
-20.9% +19.4%
1.5 1.2 1.9
PAT margin %
-99 bps +76 bps
5.2% 4.4% 6.2%
EPS (₹)
-21.3% +18.1%
0.85 0.72 1.08
Quality of profit
Core 48% Other income & one-offs 52%
Pre-tax profit ₹1.5 Cr: core business ₹0.7 Cr, other income ₹0.8 Cr.
Core profit YoY: -61.6%
· reported profit -20.9%
Cash & debt
FY26 cash from operations ₹3.5 Cr.
Borrowings ₹14.4 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹31.9 ₹28.5
-10.6% below
Net profit ₹1.1 ₹1.5
+37.9% above
544334
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -91% below its own trend Operating margin contracted 596 bps YoY 59% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-57.5% +22.6%
8.6 7.0 20.2
Operating profit
-83.3% from loss
0.3 -0.6 2.0
OPM %
-596 bps +1170 bps
3.8% -7.9% 9.8%
Other income
-70.7% -83.9%
0.2 1.4 0.8
Net profit
-81.2% -31.2%
0.3 0.5 1.8
PAT margin %
-487 bps -301 bps
3.8% 6.9% 8.7%
EPS (₹)
-81.4% -31.6%
0.52 0.76 2.79
Quality of profit
Core 40% Other income & one-offs 60%
Pre-tax profit ₹0.4 Cr: core business ₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: -91.2%
· reported profit -81.2%
Cash & debt
FY26 cash from operations ₹4.5 Cr.
Borrowings ₹0.2 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.7 ₹8.6
-74.6% below
Net profit ₹3.5 ₹0.3
-90.6% below
544340
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1632 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
+609.3% +320.0%
1,596 380 225
Operating profit
loss narrowed to loss
-2.0 19.0 -37.0
OPM %
+1632 bps -513 bps
-0.1% 5.0% -16.4%
Other income
+28.6% +28.6%
9.0 7.0 7.0
Net profit
from loss -94.4%
1.0 18.0 -27.0
PAT margin %
+1206 bps -467 bps
0.1% 4.7% -12.0%
EPS (₹)
from loss -93.3%
0.31 4.66 -7.01
Quality of profit
Pre-tax profit ₹2.0 Cr: core business −₹7.0 Cr, other income ₹9.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹65.0 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
544343
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -15% below its own trend Operating margin contracted 285 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+4.0% -1.9%
52.0 53.0 50.0
Operating profit
-8.3% -21.4%
11.0 14.0 12.0
OPM %
-285 bps -526 bps
21.2% 26.4% 24.0%
Other income
+0.0% -33.3%
4.0 6.0 4.0
Net profit
-8.3% -26.7%
11.0 15.0 12.0
PAT margin %
-285 bps -715 bps
21.2% 28.3% 24.0%
EPS (₹)
-10.9% -27.7%
4.41 6.10 4.95
Quality of profit
Core 71% Other income & one-offs 29%
Pre-tax profit ₹14.0 Cr: core business ₹10.0 Cr, other income ₹4.0 Cr.
Core profit YoY: -9.1%
· reported profit -8.3%
Cash & debt
FY26 cash from operations ₹18.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹53.1 ₹52.0
-2.1% in line
Net profit ₹13.0 ₹11.0
-15.2% below
544348
· H2 FY26 · Consolidated
M Cap —
P/E —
PEG —
Profit -83% below its own trend Operating margin contracted 486 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
-59.4% -7.4%
63.0 68.0 155
Operating profit
-90.0% -90.9%
1.0 11.0 10.0
OPM %
-486 bps -1459 bps
1.6% 16.2% 6.5%
Other income
— +300.0%
4.0 1.0 0.0
Net profit?
-66.7% -71.4%
2.0 7.0 6.0
PAT margin %
-70 bps -712 bps
3.2% 10.3% 3.9%
EPS (₹)
-69.2% -72.7%
2.36 8.66 7.66
Quality of profit
Pre-tax profit ₹3.0 Cr: core business −₹1.0 Cr, other income ₹4.0 Cr.
Core profit YoY: to loss
· reported profit -66.7%
Cash & debt
FY26 cash from operations ₹6.0 Cr.
Borrowings ₹44.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹310 ₹63.0
-79.7% below
Net profit ₹12.0 ₹2.0
-83.3% below
544354
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 269 bps YoY 33% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+69.6% +114.5%
251 117 148
Operating profit
+21.4% +30.8%
17.0 13.0 14.0
OPM %
-269 bps -434 bps
6.8% 11.1% 9.5%
Other income
+400.0% +66.7%
5.0 3.0 1.0
Net profit
+0.0% +22.2%
11.0 9.0 11.0
PAT margin %
-305 bps -331 bps
4.4% 7.7% 7.4%
EPS (₹)
+1.7% +21.9%
5.39 4.42 5.30
Quality of profit
Core 67% Other income & one-offs 33%
Pre-tax profit ₹15.0 Cr: core business ₹10.0 Cr, other income ₹5.0 Cr.
Core profit YoY: -9.1%
· reported profit +0.0%
Cash & debt
FY26 cash from operations ₹18.0 Cr.
Borrowings ₹157 Cr at Mar 2026.
544361
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1967 bps YoY 30% 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
+76.5% +15.9%
42.7 36.8 24.2
Operating profit
— -19.7%
9.9 12.3 0.8
OPM %
+1967 bps -1025 bps
23.1% 33.3% 3.4%
Other income
+158.4% -25.1%
3.2 4.3 1.2
Net profit?
from loss -50.0%
6.3 12.6 -1.9
PAT margin %
+2269 bps -1948 bps
14.8% 34.2% -7.9%
EPS (₹)
from loss -50.1%
2.84 5.69 -0.87
Quality of profit
Core 70% Other income & one-offs 30%
Pre-tax profit ₹10.8 Cr: core business ₹7.6 Cr, other income ₹3.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹4.0 Cr:
12% of FY26 net profit of ₹34.4 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.9 ₹42.7
+26.1% above
544366
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
34% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+17.4% -8.8%
13.9 15.3 11.9
Operating profit
+1.3% +41.1%
0.8 0.6 0.8
OPM %
-90 bps +201 bps
5.7% 3.7% 6.6%
Other income
+88.9% -5.6%
0.2 0.2 0.1
Net profit
-5.7% +10.0%
0.3 0.3 0.3
PAT margin %
-58 bps +41 bps
2.4% 2.0% 3.0%
EPS (₹)
-5.5% +10.3%
0.86 0.78 0.91
Quality of profit
Core 66% Other income & one-offs 34%
Pre-tax profit ₹0.5 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.
Core profit YoY: -10.8%
· reported profit -5.7%
Cash & debt
FY26 cash from operations −₹7.8 Cr.
Borrowings ₹10.2 Cr at Mar 2026.
544371
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 120 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
+18.2% +55.3%
7.4 4.8 6.2
Operating profit
+70.6% +16.0%
0.3 0.2 0.2
OPM %
+120 bps -133 bps
3.9% 5.3% 2.7%
Other income
from loss +116.7%
0.1 0.1 -0.0
Net profit
from loss from loss
0.2 -0.0 -0.6
PAT margin %
+1193 bps +301 bps
2.2% -0.8% -9.8%
EPS (₹)
from loss from loss
0.51 -0.13 -1.95
Quality of profit
Pre-tax profit ₹0.0 Cr: core business −₹0.1 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹1.1 Cr.
Borrowings ₹3.1 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹6.0 ₹7.4
+23.9% above
544372
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 569 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
+18.0% +7.3%
59.0 55.0 50.0
Operating profit
to loss to loss
-1.0 1.0 2.0
OPM %
-569 bps -351 bps
-1.7% 1.8% 4.0%
Other income
+150.0% +150.0%
5.0 2.0 2.0
Net profit
+0.0% +100.0%
2.0 1.0 2.0
PAT margin %
-61 bps +157 bps
3.4% 1.8% 4.0%
EPS (₹)
+9.3% +171.8%
1.06 0.39 0.97
Quality of profit
Pre-tax profit ₹3.0 Cr: core business −₹2.0 Cr, other income ₹5.0 Cr.
Core profit YoY: —
· reported profit +0.0%
Cash & debt
FY26 cash from operations −₹7.0 Cr.
Borrowings ₹27.0 Cr at Mar 2026.
544378
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -91% below its own trend Operating margin contracted 1715 bps YoY 43% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+25.2% +19.1%
15.1 12.7 12.1
Operating profit
-74.6% -45.0%
0.7 1.2 2.6
OPM %
-1715 bps -508 bps
4.4% 9.4% 21.5%
Other income
+400.0% -32.4%
0.2 0.4 0.1
Net profit
-81.8% -63.0%
0.3 0.9 1.9
PAT margin %
-1322 bps -499 bps
2.2% 7.2% 15.5%
EPS (₹)
-81.9% -63.1%
1.14 3.09 6.29
Quality of profit
Core 57% Other income & one-offs 43%
Pre-tax profit ₹0.6 Cr: core business ₹0.3 Cr, other income ₹0.2 Cr.
Core profit YoY: -85.2%
· reported profit -81.8%
Cash & debt
FY26 cash from operations −₹1.6 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹13.8 ₹15.1
+9.6% above
Net profit ₹3.7 ₹0.3
-90.9% below
544393
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit -71% below its own trend Operating margin contracted 1912 bps YoY 56% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -71%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+4.9% -9.3%
10.9 12.1 10.4
Operating profit
-57.8% -26.6%
1.4 1.9 3.3
OPM %
-1912 bps -303 bps
12.9% 15.9% 32.0%
Other income
+212.1% +77.6%
1.0 0.6 0.3
Net profit
-41.7% -11.8%
1.3 1.5 2.3
PAT margin %
-979 bps -36 bps
12.2% 12.6% 22.0%
EPS (₹)
-57.2% -11.7%
1.13 1.28 2.64
Quality of profit
Core 44% Other income & one-offs 56%
Pre-tax profit ₹1.8 Cr: core business ₹0.8 Cr, other income ₹1.0 Cr.
Core profit YoY: -70.9%
· reported profit -41.7%
Cash & debt
FY26 cash from operations ₹3.1 Cr.
Borrowings ₹4.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹13.2 ₹10.9
-17.1% below
Net profit ₹4.6 ₹1.3
-70.9% below
544399
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Profit +117% above its own trend Operating margin contracted 301 bps YoY 48% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +0%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+46.2% +146.3%
51.4 20.9 35.2
Operating profit
+5.3% +121.1%
4.0 1.8 3.8
OPM %
-301 bps -88 bps
7.7% 8.6% 10.8%
Other income
— +438.9%
2.9 0.5 0.1
Net profit
+104.8% +312.7%
5.5 1.3 2.7
PAT margin %
+308 bps +434 bps
10.8% 6.4% 7.7%
EPS (₹)
+46.1% +313.4%
9.26 2.24 6.34
Quality of profit
Core 52% Other income & one-offs 48%
Pre-tax profit ₹6.0 Cr: core business ₹3.1 Cr, other income ₹2.9 Cr.
Core profit YoY: +0.0%
· reported profit +104.8%
Cash & debt
FY26 cash from operations ₹9.3 Cr.
Borrowings ₹8.3 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹28.0 ₹51.4
+83.8% above
Net profit ₹2.5 ₹5.5
+117.4% above
544406
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 179 bps YoY 29% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +38%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+21.9% -6.7%
139 149 114
Operating profit
+37.5% +15.8%
22.0 19.0 16.0
OPM %
+179 bps +308 bps
15.8% 12.8% 14.0%
Other income
+800.0% +125.0%
9.0 4.0 1.0
Net profit
+91.7% +35.3%
23.0 17.0 12.0
PAT margin %
+602 bps +514 bps
16.5% 11.4% 10.5%
EPS (₹)
+94.2% +35.9%
11.69 8.60 6.02
Quality of profit
Core 71% Other income & one-offs 29%
Pre-tax profit ₹31.0 Cr: core business ₹22.0 Cr, other income ₹9.0 Cr.
Core profit YoY: +37.5%
· reported profit +91.7%
Cash & debt
FY26 cash from operations ₹2.0 Cr.
Borrowings nil at Mar 2026.
544409
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 563 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-16.9% +22.7%
81.0 66.0 97.5
Operating profit
-47.1% +60.0%
8.0 5.0 15.1
OPM %
-563 bps +230 bps
9.9% 7.6% 15.5%
Other income
-100.0% —
0.0 0.0 0.2
Net profit
-43.9% +200.0%
3.0 1.0 5.4
PAT margin %
-178 bps +219 bps
3.7% 1.5% 5.5%
EPS (₹)
-57.5% +118.5%
2.95 1.35 6.94
Quality of profit
Core 75% Other income & one-offs 25%
Pre-tax profit ₹4.0 Cr: core business ₹3.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -56.4%
· reported profit -43.9%
Cash & debt
FY26 cash from operations −₹14.0 Cr.
Borrowings ₹43.0 Cr at Mar 2026.
544412
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 351 bps YoY 29% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +3%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-11.8% +33.4%
34.3 25.7 38.9
Operating profit
+5.1% +110.7%
7.5 3.5 7.1
OPM %
+351 bps +801 bps
21.8% 13.8% 18.3%
Other income
+172.7% -15.1%
0.9 1.1 0.3
Net profit
+36.8% from loss
2.8 -0.9 2.0
PAT margin %
+289 bps +1183 bps
8.1% -3.7% 5.2%
EPS (₹)
+17.7% from loss
1.13 -0.38 0.96
Quality of profit
Core 71% Other income & one-offs 29%
Pre-tax profit ₹3.1 Cr: core business ₹2.2 Cr, other income ₹0.9 Cr.
Core profit YoY: +3.3%
· reported profit +36.8%
Cash & debt
FY26 cash from operations −₹1.7 Cr.
Borrowings ₹100 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹27.7 ₹34.3
+23.9% above
544428
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 992 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-10.8% -16.6%
35.5 42.5 39.8
Operating profit
-83.5% -85.6%
0.8 5.5 4.8
OPM %
-992 bps -1079 bps
2.3% 13.0% 12.2%
Other income
-22.2% -12.5%
0.1 0.1 0.1
Net profit
-96.2% -96.5%
0.1 3.4 3.1
PAT margin %
-756 bps -775 bps
0.3% 8.1% 7.9%
EPS (₹)
-97.1% -96.4%
0.10 2.78 3.45
Quality of profit
Core 71% Other income & one-offs 29%
Pre-tax profit ₹0.2 Cr: core business ₹0.2 Cr, other income ₹0.1 Cr.
Core profit YoY: -95.8%
· reported profit -96.2%
Cash & debt
FY26 cash from operations −₹24.4 Cr.
Borrowings ₹7.5 Cr at Mar 2026.
544437
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 794 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-25.9% +31.1%
20.1 15.3 27.1
Operating profit
-74.6% -46.8%
0.8 1.6 3.3
OPM %
-794 bps -605 bps
4.1% 10.2% 12.1%
Other income
+110.0% +110.0%
0.2 0.1 0.1
Net profit
-75.6% -50.0%
0.6 1.2 2.4
PAT margin %
-599 bps -476 bps
2.9% 7.7% 8.9%
EPS (₹)
-82.9% -50.0%
0.83 1.66 4.84
Quality of profit
Core 75% Other income & one-offs 25%
Pre-tax profit ₹0.8 Cr: core business ₹0.6 Cr, other income ₹0.2 Cr.
Core profit YoY: -80.1%
· reported profit -75.6%
Cash & debt
FY26 cash from operations −₹12.9 Cr.
Borrowings nil at Mar 2026.
544441
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 1381 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
+71.4% -71.4%
60.0 210 35.0
Operating profit
-66.7% -87.5%
2.0 16.0 6.0
OPM %
-1381 bps -429 bps
3.3% 7.6% 17.1%
Other income
— —
1.0 0.0 0.0
Net profit
-100.0% -100.0%
0.0 10.0 3.0
PAT margin %
-857 bps -476 bps
0.0% 4.8% 8.6%
EPS (₹)
-86.8% -95.8%
0.23 5.53 1.74
Quality of profit
Core 0% Other income & one-offs 100%
Pre-tax profit ₹1.0 Cr: core business ₹0.0 Cr, other income ₹1.0 Cr.
Core profit YoY: -100.0%
· reported profit -100.0%
Cash & debt
FY26 cash from operations −₹5.0 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
544445
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 6292 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
+10.8% -34.8%
10.1 15.4 9.1
Operating profit
to loss to loss
-2.8 2.2 3.2
OPM %
-6292 bps -4232 bps
-27.9% 14.5% 35.1%
Other income
from loss from loss
4.6 -1.9 -0.1
Net profit
-75.4% —
0.5 0.0 1.9
PAT margin %
-1672 bps +458 bps
4.8% 0.2% 21.5%
EPS (₹)
-82.0% —
0.56 0.04 3.11
Quality of profit
Pre-tax profit ₹1.2 Cr: core business −₹3.4 Cr, other income ₹4.6 Cr.
Core profit YoY: to loss
· reported profit -75.4%
Cash & debt
FY26 cash from operations −₹10.2 Cr.
Borrowings ₹5.1 Cr at Mar 2026.
544451
· H2 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin contracted 518 bps YoY 25% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -10%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+21.1% +57.3%
184 117 152
Operating profit
-9.7% +55.6%
28.0 18.0 31.0
OPM %
-518 bps -17 bps
15.2% 15.4% 20.4%
Other income
+133.3% +250.0%
7.0 2.0 3.0
Net profit
+22.2% +120.0%
22.0 10.0 18.0
PAT margin %
+11 bps +341 bps
12.0% 8.5% 11.8%
EPS (₹)
-5.0% +122.4%
10.34 4.65 10.88
Quality of profit
Core 75% Other income & one-offs 25%
Pre-tax profit ₹24.0 Cr: core business ₹18.0 Cr, other income ₹7.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -10.0%
· reported profit +22.2%
Cash & debt
FY26 cash from operations −₹102 Cr.
Borrowings ₹211 Cr at Mar 2026.
544464
· Q4 FY26 · Standalone
M Cap —
P/E —
PEG —
Operating margin expanded 227 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
+52.6% +28.9%
471 365 309
Operating profit
loss narrowed loss narrowed
-15.9 -17.3 -17.4
OPM %
+227 bps +135 bps
-3.4% -4.7% -5.7%
Other income
+11.5% +4.1%
24.6 23.7 22.1
Net profit
+167.8% +43.1%
5.4 3.8 2.0
PAT margin %
+49 bps +11 bps
1.1% 1.0% 0.7%
EPS (₹)
+96.9% +42.9%
3.80 2.66 1.93
Quality of profit
Pre-tax profit ₹7.2 Cr: core business −₹17.4 Cr, other income ₹24.6 Cr.
Core profit YoY: loss narrowed
· reported profit +167.8%
Cash & debt
FY26 cash from operations ₹3.0 Cr.
Borrowings ₹6.0 Cr at Mar 2026.
544467
· Q4 FY26 · Consolidated
M Cap —
P/E —
PEG —
Operating margin contracted 251 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+25.8% +27.2%
458 360 364
Operating profit
+13.2% -2.8%
103 106 91.0
OPM %
-251 bps -696 bps
22.5% 29.4% 25.0%
Other income
-6.5% -17.1%
29.0 35.0 31.0
Net profit?
+8.4% +0.0%
90.0 90.0 83.0
PAT margin %
-315 bps -535 bps
19.7% 25.0% 22.8%
EPS (₹)
+8.4% +0.7%
4.51 4.48 4.16
Quality of profit
Core 75% Other income & one-offs 25%
Pre-tax profit ₹116 Cr: core business ₹87.0 Cr, other income ₹29.0 Cr.
Core profit YoY: +8.8%
· reported profit +8.4%
Cash & debt
FY26 cash from operations ₹713 Cr:
188% of FY26 net profit of ₹380 Cr.
Borrowings ₹17.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹361 ₹458
+26.9% above
Net profit ₹95.1 ₹90.0
-5.4% in line
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, 05:07 IST