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
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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 46 of 171
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M Cap ₹1,406 Cr
P/E 38.4
PEG 1.16
Profit -21% below its own trend FY26 operating cash flow was only 29% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+26.1% +11.8%
95.0 85.0 75.3 Operating profit
+33.0% +21.4%
17.0 14.0 12.8 OPM %
+92 bps +142 bps
17.9% 16.5% 17.0% Other income
+34.5% —
2.0 0.0 1.5 Net profit
+19.7% +50.0%
12.0 8.0 10.0 PAT margin %
-68 bps +322 bps
12.6% 9.4% 13.3% EPS (₹)
+21.0% +46.4%
9.56 6.53 7.90
Quality of profit
Pre-tax profit ₹15.0 Cr: core business ₹13.0 Cr, other income ₹2.0 Cr.
Core profit YoY: +32.4%
· reported profit +19.7%
Cash & debt
FY26 cash from operations ₹10.0 Cr:
29% of FY26 net profit of ₹35.0 Cr.
Borrowings ₹38.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹100 ₹95.0
-5.4% below Net profit ₹15.2 ₹12.0
-21.0% below
Operating margin contracted 871 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.9% +13.1%
103 91.0 92.0 Operating profit
-19.0% +134.8%
23.5 10.0 29.0 OPM %
-871 bps +1183 bps
22.8% 11.0% 31.5% Other income
to loss loss narrowed -6.6 -40.0 187 Net profit?
-81.6% from loss 32.0 -56.0 174 PAT margin %
— +9262 bps
31.1% -61.5% — EPS (₹)
-91.6% from loss 7.50 -29.03 89.54
Quality of profit
Pre-tax profit −₹1.3 Cr: core business ₹5.3 Cr, other income −₹6.6 Cr.
Core profit YoY: from loss
· reported profit -81.6%
Cash & debt
FY26 cash from operations −₹156 Cr.
Borrowings ₹334 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹100 ₹103
+2.8% in line
M Cap ₹1,394 Cr
P/E 109.8
PEG —
Profit +320% above its own trend Operating margin expanded 7645 bps YoY 52% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+30.8% +38.0%
8.5 6.2 6.5 Operating profit
from loss +6.3%
2.5 2.4 -3.0 OPM %
+7645 bps -894 bps
29.9% 38.9% -46.5% Other income
-35.1% -30.0%
2.2 3.2 3.4 Net profit
+362.5% -50.1%
2.2 4.5 0.5 PAT margin %
+1875 bps -4621 bps
26.1% 72.4% 7.4% EPS (₹)
+200.0% -50.0%
0.03 0.06 0.01
Quality of profit
Pre-tax profit ₹4.3 Cr: core business ₹2.1 Cr, other income ₹2.2 Cr.
Core profit YoY: from loss
· reported profit +362.5%
Against its own trend ?
Trend Actual Gap
Sales ₹4.0 ₹8.5
+114.1% above Net profit ₹0.5 ₹2.2
+319.7% above
M Cap ₹1,383 Cr
P/E 6397.4
PEG —
Operating margin expanded 496 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+23.7% +12.4%
364 324 294 Operating profit
+273.4% -6.5%
27.0 28.9 7.2 OPM %
+496 bps -150 bps
7.4% 8.9% 2.5% Other income
to loss to loss -22.0 1.0 3.2 Net profit?
loss widened to loss -13.0 11.8 -3.3 PAT margin %
-246 bps -723 bps
-3.6% 3.7% -1.1% EPS (₹)
loss widened to loss -0.56 0.52 -0.14
Quality of profit
Pre-tax profit −₹11.0 Cr: core business ₹11.0 Cr, other income −₹22.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹115 Cr:
10786% of FY26 net profit of ₹1.1 Cr.
Borrowings ₹299 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹337 ₹364
+8.1% above
M Cap ₹1,383 Cr
P/E 7.6
PEG 0.12
Profit +14% above its own trend Operating margin expanded 317 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+57.5% +83.2%
632 345 401 Operating profit
+85.9% +75.4%
131 74.6 70.4 OPM %
+317 bps -91 bps
20.7% 21.6% 17.6% Other income
-71.6% -18.1%
2.1 2.6 7.5 Net profit?
+71.8% +90.3%
78.7 41.3 45.8 PAT margin %
+104 bps +47 bps
12.5% 12.0% 11.4% EPS (₹)
+70.9% +90.0%
11.74 6.18 6.87
Quality of profit
Pre-tax profit ₹108 Cr: core business ₹106 Cr, other income ₹2.1 Cr.
Core profit YoY: +85.4%
· reported profit +71.8%
Cash & debt
FY26 cash from operations ₹123 Cr:
68% of FY26 net profit of ₹181 Cr.
Borrowings ₹442 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹673 ₹632
-6.1% below Net profit ₹68.8 ₹78.7
+14.4% above
M Cap ₹1,377 Cr
P/E 10.4
PEG —
Profit -15% below its own trend Operating margin expanded 477 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.9% +0.5%
171 170 142 Operating profit
+50.3% +0.8%
40.2 39.9 26.8 OPM %
+477 bps +9 bps
23.6% 23.5% 18.8% Other income
-42.9% -51.3%
3.3 6.8 5.8 Net profit?
+70.0% -4.4%
37.2 38.9 21.9 PAT margin %
+641 bps -110 bps
21.8% 22.9% 15.4% EPS (₹)
+61.8% -6.9%
20.29 21.79 12.54
Quality of profit
Pre-tax profit ₹41.7 Cr: core business ₹35.4 Cr, other income ₹3.3 Cr, exceptional & other items ₹3.0 Cr.
Core profit YoY: +56.7%
· reported profit +70.0%
Against its own trend ?
Trend Actual Gap
Sales ₹258 ₹171
-33.9% below Net profit ₹43.7 ₹37.2
-15.0% below
₹ Cr
Mar 2026
Sales
69.4 Operating profit
54.6 OPM %
78.7% Other income
0.2 Net profit
39.7 PAT margin %
57.2% EPS (₹)
15.07
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 ₹53.4 Cr: core business ₹53.2 Cr, other income ₹0.2 Cr.
M Cap ₹1,373 Cr
P/E 169.2
PEG —
Operating margin contracted 431 bps YoY 43% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-9.5% +18.2%
23.9 20.3 26.5 Operating profit
-39.4% +143.0%
2.1 0.9 3.5 OPM %
-431 bps +448 bps
8.7% 4.2% 13.0% Other income
+89.3% +152.4%
1.1 0.4 0.6 Net profit
-45.5% +215.9%
1.4 0.4 2.5 PAT margin %
-383 bps +363 bps
5.8% 2.2% 9.6% EPS (₹)
-48.5% +183.3%
0.17 0.06 0.33
Quality of profit
Pre-tax profit ₹2.5 Cr: core business ₹1.4 Cr, other income ₹1.1 Cr.
Core profit YoY: -49.3%
· reported profit -45.5%
M Cap ₹1,368 Cr
P/E 9.9
PEG —
Profit +56% above its own trend 29% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +16%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.7% +2.4%
286 279 256 Operating profit
+7.5% -6.7%
43.0 46.1 40.0 OPM %
-59 bps -146 bps
15.0% 16.5% 15.6% Other income
+200.0% +44.4%
15.0 10.4 5.0 Net profit?
+75.0% +89.8%
42.0 22.1 24.0 PAT margin %
+531 bps +676 bps
14.7% 7.9% 9.4% EPS (₹)
+73.0% +88.3%
26.85 14.26 15.52
Quality of profit
Pre-tax profit ₹51.0 Cr: core business ₹36.0 Cr, other income ₹15.0 Cr.
Core profit YoY: +16.1%
· reported profit +75.0%
Cash & debt
FY26 cash from operations ₹119 Cr:
96% of FY26 net profit of ₹124 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹271 ₹286
+5.7% above Net profit ₹27.0 ₹42.0
+55.6% above
M Cap ₹1,362 Cr
P/E 33.4
PEG 0.36
Profit -47% below its own trend Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.4% +21.7%
227 187 208 Operating profit
-5.4% -7.4%
14.4 15.5 15.2 OPM %
-99 bps -198 bps
6.3% 8.3% 7.3% Other income
-34.3% -57.2%
1.3 3.0 2.0 Net profit?
+6.8% -26.9%
5.4 7.3 5.0 PAT margin %
-6 bps -157 bps
2.4% 3.9% 2.4% EPS (₹)
+4.8% -10.8%
0.66 0.74 0.63
Quality of profit
Pre-tax profit ₹6.4 Cr: core business ₹5.1 Cr, other income ₹1.3 Cr.
Core profit YoY: +7.0%
· reported profit +6.8%
Cash & debt
FY26 cash from operations −₹9.0 Cr:
-22% of FY26 net profit of ₹40.7 Cr.
Borrowings ₹115 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹249 ₹227
-8.8% below Net profit ₹10.1 ₹5.4
-46.6% below
M Cap ₹1,361 Cr
P/E 11.8
PEG 0.42
Profit +24% above its own trend Gross NPA down 109 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+29.9% +12.3%
512 456 394 Net interest income
+38.5% +21.4%
187 154 135 Other income
+60.5% +40.8%
69.0 49.0 43.0 Net profit
+48.3% +79.2%
43.0 24.0 29.0 EPS (₹)
+50.7% +80.3%
1.10 0.61 0.73 Gross NPA %
-109 bps -47 bps
1.9% 2.4% 3.0% Net NPA %
-48 bps -60 bps
0.5% 1.1% 1.0%
Against its own trend ?
Trend Actual Gap
NII ₹167 ₹187
+11.7% above Net profit ₹34.8 ₹43.0
+23.6% above
M Cap ₹1,355 Cr
P/E 19.6
PEG 0.48
Profit -23% below its own trend Operating margin contracted 162 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+35.3% +15.2%
323 281 239 Operating profit
+7.7% +22.8%
20.5 16.7 19.0 OPM %
-162 bps +39 bps
6.3% 5.9% 7.9% Other income
-8.3% -8.6%
5.5 6.0 6.0 Net profit?
+7.3% +19.8%
18.2 15.2 17.0 PAT margin %
-147 bps +22 bps
5.6% 5.4% 7.1% EPS (₹)
+11.7% +16.5%
1.62 1.39 1.45
Quality of profit
Pre-tax profit ₹24.0 Cr: core business ₹18.5 Cr, other income ₹5.5 Cr.
Core profit YoY: +8.9%
· reported profit +7.3%
Cash & debt
FY26 cash from operations ₹51.0 Cr:
74% of FY26 net profit of ₹69.3 Cr.
Borrowings ₹6.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹478 ₹323
-32.3% below Net profit ₹23.6 ₹18.2
-22.7% below
M Cap ₹1,354 Cr
P/E 7.0
PEG 0.12
Profit -91% below its own trend Operating margin contracted 1907 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+1.2% -0.2%
424 425 419 Operating profit
-18.7% -16.0%
331 394 407 OPM %
-1907 bps -1464 bps
78.1% 92.7% 97.1% Other income
— -100.0%
0.0 1.0 0.0 Net profit
-82.7% -75.9%
13.0 54.0 75.0 PAT margin %
-1483 bps -964 bps
3.1% 12.7% 17.9% EPS (₹)
-82.7% -75.9%
0.72 2.99 4.17
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹14.0 Cr, other income ₹0.0 Cr.
Core profit YoY: -85.9%
· reported profit -82.7%
Cash & debt
FY26 cash from operations −₹2,540 Cr:
-1396% of FY26 net profit of ₹182 Cr.
Borrowings ₹24,884 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹431 ₹424
-1.7% in line Net profit ₹150 ₹13.0
-91.3% below
M Cap ₹1,347 Cr
P/E 7.5
PEG 0.63
Turnaround: profit against a loss a year ago Operating margin expanded 2386 bps YoY 42% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-1.9% -1.0%
472 477 481 Operating profit
from loss -33.3%
47.6 71.4 -66.2 OPM %
+2386 bps -489 bps
10.1% 15.0% -13.8% Other income
-60.7% -52.0%
13.4 27.9 34.1 Net profit?
from loss -89.0%
6.1 55.2 -51.5 PAT margin %
+1198 bps -1029 bps
1.3% 11.6% -10.7% EPS (₹)
from loss -68.7%
0.78 2.49 -0.72
Quality of profit
Pre-tax profit ₹32.3 Cr: core business ₹18.9 Cr, other income ₹13.4 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹269 Cr:
145% of FY26 net profit of ₹185 Cr.
Borrowings ₹110 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹476 ₹472
-0.8% in line
M Cap ₹1,345 Cr
P/E 1.2
PEG 0.08
Turnaround: profit against a loss a year ago Operating margin expanded 150 bps YoY All of pre-tax profit came from other income or one-off items Exceptional items of ₹-1,198 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-2.0% -5.8%
330 351 337 Operating profit
+8.8% -47.4%
49.8 94.5 45.7 OPM %
+150 bps -1190 bps
15.1% 27.0% 13.6% Other income
+331.8% +84.5%
15.1 8.2 3.5 Net profit
from loss —
1,186 19.6 -249 EPS (₹)
from loss —
0.91 0.01 -0.19
Quality of profit
Pre-tax profit ₹1,186 Cr: core business −₹27.7 Cr, other income ₹15.1 Cr, exceptional & other items ₹1,198 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹535 Cr:
69% of FY26 net profit of ₹779 Cr.
Borrowings ₹5,898 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹346 ₹330
-4.5% in line
M Cap ₹1,340 Cr
P/E 18.2
PEG 0.70
Profit +999% above its own trend Operating margin expanded 1536 bps YoY FY26 operating cash flow was only 31% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+46.2% +13.8%
162 142 111 Operating profit
+247.1% +13.5%
43.0 37.9 12.4 OPM %
+1536 bps -7 bps
26.5% 26.6% 11.2% Other income
-14.5% -10.0%
1.0 1.1 1.2 Net profit
— +15.9%
21.0 18.1 0.9 PAT margin %
+1213 bps +24 bps
13.0% 12.7% 0.8% EPS (₹)
— +15.9%
3.93 3.39 0.17
Quality of profit
Pre-tax profit ₹27.0 Cr: core business ₹26.0 Cr, other income ₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹22.0 Cr:
31% of FY26 net profit of ₹70.0 Cr.
Borrowings ₹203 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹130 ₹162
+24.9% above Net profit ₹1.1 ₹21.0
+999.0% above
Profit +396% above its own trend Operating margin expanded 617 bps YoY Core business grew faster than reported profit (core profit +224%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-1.5% +19.4%
287 240 291 Operating profit
+52.5% +122.6%
50.0 22.5 32.8 OPM %
+617 bps +808 bps
17.4% 9.3% 11.3% Other income
-100.0% -100.0%
0.0 0.5 16.6 Net profit
+151.9% +426.5%
12.0 2.3 4.8 PAT margin %
+255 bps +323 bps
4.2% 0.9% 1.6% EPS (₹)
+150.0% +400.0%
0.10 0.02 0.04
Quality of profit
Pre-tax profit ₹26.0 Cr: core business ₹25.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +223.7%
· reported profit +151.9%
Cash & debt
FY26 cash from operations −₹38.0 Cr:
-143% of FY26 net profit of ₹26.6 Cr.
Borrowings ₹418 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹266 ₹287
+8.0% above Net profit ₹2.4 ₹12.0
+395.5% above
M Cap ₹1,326 Cr
P/E 28.7
PEG —
Core business grew faster than reported profit (core profit +37%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+46.1% +16.9%
574 491 393 Operating profit
+32.1% +20.0%
30.0 25.0 22.7 OPM %
-55 bps +13 bps
5.2% 5.1% 5.8% Other income
-22.0% —
1.0 0.0 1.3 Net profit
+14.2% +30.0%
13.0 10.0 11.4 PAT margin %
-63 bps +23 bps
2.3% 2.0% 2.9% EPS (₹)
+16.6% +33.5%
2.11 1.58 1.81
Quality of profit
Pre-tax profit ₹19.0 Cr: core business ₹19.0 Cr, other income ₹1.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +37.2%
· reported profit +14.2%
M Cap ₹1,324 Cr
P/E 18.4
PEG —
Profit +123% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.2% +17.1%
609 520 538 Operating profit
+16.1% +44.4%
65.0 45.0 56.0 OPM %
+26 bps +202 bps
10.7% 8.7% 10.4% Other income
+0.0% +20.0%
6.0 5.0 6.0 Net profit
+63.6% +260.0%
18.0 5.0 11.0 PAT margin %
+91 bps +199 bps
3.0% 1.0% 2.0% EPS (₹)
+60.5% +258.8%
0.61 0.17 0.38
Quality of profit
Pre-tax profit ₹28.0 Cr: core business ₹24.0 Cr, other income ₹6.0 Cr, exceptional & other items −₹2.0 Cr.
Core profit YoY: +60.0%
· reported profit +63.6%
Cash & debt
FY26 cash from operations ₹278 Cr:
579% of FY26 net profit of ₹48.0 Cr.
Borrowings ₹290 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹551 ₹609
+10.5% above Net profit ₹8.1 ₹18.0
+123.1% above
M Cap ₹1,313 Cr
P/E 9.5
PEG 0.17
Profit +94% above its own trend Operating margin expanded 242 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+25.4% +18.8%
766 645 611 Operating profit
+57.6% +42.1%
90.9 64.0 57.7 OPM %
+242 bps +195 bps
11.9% 9.9% 9.5% Other income
-50.6% -52.0%
1.0 2.0 1.9 Net profit?
+287.1% +333.3%
79.6 18.4 20.6 PAT margin %
+702 bps +754 bps
10.4% 2.8% 3.4% EPS (₹)
+286.8% +332.4%
7.35 1.70 1.90
Quality of profit
Pre-tax profit ₹56.2 Cr: core business ₹54.4 Cr, other income ₹1.0 Cr, exceptional & other items ₹0.9 Cr.
Core profit YoY: +90.6%
· reported profit +287.1%
Cash & debt
FY26 cash from operations ₹197 Cr:
141% of FY26 net profit of ₹139 Cr.
Borrowings ₹531 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹639 ₹766
+19.8% above Net profit ₹41.1 ₹79.6
+93.5% above
M Cap ₹1,311 Cr
P/E 15.3
PEG 0.43
Profit -17% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+21.6% +18.4%
402 340 331 Operating profit
+22.2% -11.2%
36.0 40.6 29.5 OPM %
+5 bps -298 bps
9.0% 11.9% 8.9% Other income
+18.5% +42.6%
2.0 1.4 1.7 Net profit
+4.6% -19.0%
19.0 23.5 18.2 PAT margin %
-77 bps -218 bps
4.7% 6.9% 5.5% EPS (₹)
+5.2% -18.5%
15.02 18.43 14.28
Quality of profit
Pre-tax profit ₹25.0 Cr: core business ₹23.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -0.2%
· reported profit +4.6%
Cash & debt
FY26 cash from operations ₹46.0 Cr:
54% of FY26 net profit of ₹84.6 Cr.
Borrowings ₹237 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹372 ₹402
+8.1% above Net profit ₹22.9 ₹19.0
-16.9% below
M Cap ₹1,305 Cr
P/E 37.6
PEG —
Profit +147% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.7% +3.1%
483 469 449 Operating profit
+17.4% +69.0%
39.0 23.1 33.2 OPM %
+67 bps +315 bps
8.1% 4.9% 7.4% Other income
-45.7% +7.0%
2.0 1.9 3.7 Net profit?
+66.1% from loss 14.0 -3.1 8.4 PAT margin %
+102 bps +356 bps
2.9% -0.7% 1.9% EPS (₹)
+69.2% from loss 1.98 -0.43 adj. 1.17
EPS restated for the 1:1 bonus of Jul 2025: Mar 2025 ₹2.34 to ₹1.17.
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹14.0 Cr, other income ₹2.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +53.7%
· reported profit +66.1%
Cash & debt
FY26 cash from operations ₹63.0 Cr:
181% of FY26 net profit of ₹34.7 Cr.
Borrowings ₹209 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹522 ₹483
-7.5% below Net profit ₹5.7 ₹14.0
+147.0% above
M Cap ₹1,304 Cr
P/E 8.8
PEG —
Profit -30% below its own trend Operating margin contracted 509 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
-3.0% -4.2%
241 251 248 Operating profit
-46.1% +16.9%
15.3 13.1 28.4 OPM %
-509 bps +115 bps
6.4% 5.2% 11.5% Other income
-21.1% -9.3%
52.9 58.4 67.1 Net profit?
-39.1% -9.8%
36.4 40.4 59.9 PAT margin %
-899 bps -95 bps
15.1% 16.1% 24.1% EPS (₹)
-37.7% +1.3%
0.81 0.80 1.30
Quality of profit
Pre-tax profit ₹49.2 Cr: core business −₹5.7 Cr, other income ₹52.9 Cr, exceptional & other items ₹2.0 Cr.
Core profit YoY: to loss
· reported profit -39.1%
Cash & debt
FY26 cash from operations −₹17.0 Cr:
-10% of FY26 net profit of ₹165 Cr.
Borrowings ₹20.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹239 ₹241
+0.5% in line Net profit ₹52.1 ₹36.4
-30.1% below
M Cap ₹1,303 Cr
P/E 18.5
PEG —
Operating margin expanded 110 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-20.6% +8.9%
491 451 618 Operating profit
-15.2% +51.8%
85.0 56.0 100 OPM %
+110 bps +489 bps
17.3% 12.4% 16.2% Other income
+166.2% +16.7%
7.0 6.0 2.6 Net profit
-6.8% +73.8%
46.0 26.5 49.4 PAT margin %
+138 bps +350 bps
9.4% 5.9% 8.0% EPS (₹)
-6.1% +72.3%
7.10 4.12 7.56
Quality of profit
Pre-tax profit ₹60.0 Cr: core business ₹53.0 Cr, other income ₹7.0 Cr.
Core profit YoY: -23.1%
· reported profit -6.8%
Cash & debt
FY26 cash from operations ₹243 Cr:
379% of FY26 net profit of ₹64.2 Cr.
Borrowings ₹899 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹658 ₹491
-25.3% below Net profit ₹47.2 ₹46.0
-2.5% in line
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
from loss +262.7%
302 83.4 -16.0 Operating profit
from loss from loss 1.7 -17.6 -23.9 OPM %
— +2162 bps
0.6% -21.1% — Other income
+76.2% -66.5%
9.5 28.2 5.4 Net profit?
from loss +4.4%
6.2 5.9 -18.3 PAT margin %
— -505 bps
2.0% 7.1% — EPS (₹)
from loss +3.9%
0.80 0.77 -2.38
Quality of profit
Pre-tax profit ₹9.0 Cr: core business −₹0.5 Cr, other income ₹9.5 Cr.
Core profit YoY: loss narrowed
M Cap ₹1,293 Cr
P/E 15.0
PEG 0.63
Profit +56% above its own trend Operating margin expanded 441 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.2% +1.3%
155 153 146 Operating profit
+25.7% -4.3%
44.0 46.0 35.0 OPM %
+441 bps -168 bps
28.4% 30.1% 24.0% Other income
to loss —
-2.0 -2.0 4.0 Net profit?
+52.6% +38.1%
29.0 21.0 19.0 PAT margin %
+570 bps +498 bps
18.7% 13.7% 13.0% EPS (₹)
+49.7% +38.5%
18.95 13.68 12.66
Quality of profit
Pre-tax profit ₹23.0 Cr: core business ₹25.0 Cr, other income −₹2.0 Cr.
Core profit YoY: +19.0%
· reported profit +52.6%
Cash & debt
FY26 cash from operations ₹144 Cr:
173% of FY26 net profit of ₹83.0 Cr.
Borrowings ₹171 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹164 ₹155
-5.4% below Net profit ₹18.6 ₹29.0
+56.2% above
M Cap ₹1,292 Cr
P/E 30.7
PEG 1.62
Profit -57% below its own trend Operating margin contracted 890 bps YoY 93% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -79%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.0% +6.1%
66.9 63.1 64.3 Operating profit
-28.8% +3.4%
12.9 12.5 18.1 OPM %
-890 bps -51 bps
19.3% 19.8% 28.2% Other income
+293.7% +174.6%
16.3 6.0 4.2 Net profit
-57.2% -49.2%
6.4 12.5 14.9 PAT margin %
-1362 bps -1034 bps
9.5% 19.9% 23.1% EPS (₹)
-57.2% -49.2%
11.03 21.70 25.78
Quality of profit
Pre-tax profit ₹50.4 Cr: core business ₹3.3 Cr, other income ₹16.3 Cr, exceptional & other items ₹30.7 Cr.
Core profit YoY: -78.7%
· reported profit -57.2%
Cash & debt
FY26 cash from operations ₹22.0 Cr:
57% of FY26 net profit of ₹38.7 Cr.
Borrowings ₹4.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹55.7 ₹66.9
+20.1% above Net profit ₹14.7 ₹6.4
-56.8% below
M Cap ₹1,283 Cr
P/E 29.2
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 341 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+29.8% +7.5%
605 563 466 Operating profit
+103.6% +0.0%
57.0 57.0 28.0 OPM %
+341 bps -70 bps
9.4% 10.1% 6.0% Other income
-100.0% -100.0%
0.0 2.0 1.0 Net profit
from loss +0.0%
14.0 14.0 -7.0 PAT margin %
+382 bps -17 bps
2.3% 2.5% -1.5% EPS (₹)
from loss -1.7%
8.34 8.48 -4.01
Quality of profit
Pre-tax profit ₹24.0 Cr: core business ₹23.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹95.0 Cr:
216% of FY26 net profit of ₹44.0 Cr.
Borrowings ₹821 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹617 ₹605
-2.0% in line
Turnaround: profit against a loss a year ago Operating margin expanded 3812 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+93.0% +7.9%
201 186 104 Operating profit
from loss +20.7%
39.8 33.0 -19.0 OPM %
+3812 bps +210 bps
19.8% 17.7% -18.3% Other income
+90.4% —
1.9 0.0 1.0 Net profit
from loss +55.4%
14.0 9.0 -19.0 PAT margin %
+2523 bps +213 bps
7.0% 4.8% -18.3% EPS (₹)
from loss +50.0%
0.93 0.62 -1.23
Quality of profit
Pre-tax profit ₹23.2 Cr: core business ₹21.3 Cr, other income ₹1.9 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹77.0 Cr:
266% of FY26 net profit of ₹29.0 Cr.
Borrowings ₹174 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹123 ₹201
+63.6% above
M Cap ₹1,280 Cr
P/E 78.1
PEG 2.44
Profit -12% below its own trend Operating margin contracted 188 bps YoY 27% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.3% +4.6%
226 216 189 Operating profit
-2.2% -5.5%
19.3 20.4 19.7 OPM %
-188 bps -91 bps
8.5% 9.4% 10.4% Other income
+141.9% +837.5%
0.8 0.1 0.3 Net profit
-48.0% -54.6%
1.6 3.5 3.1 PAT margin %
-91 bps -92 bps
0.7% 1.6% 1.6% EPS (₹)
-47.4% -54.1%
0.51 1.11 0.97
Quality of profit
Pre-tax profit ₹2.8 Cr: core business ₹2.0 Cr, other income ₹0.8 Cr.
Core profit YoY: -45.5%
· reported profit -48.0%
Cash & debt
FY26 cash from operations ₹94.0 Cr:
774% of FY26 net profit of ₹12.1 Cr.
Borrowings ₹145 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹184 ₹226
+22.9% above Net profit ₹1.8 ₹1.6
-11.8% below
How to read this page
The numbers. Each card is one company's Q4 FY26 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter,
before minority interest. A company's own headline, and the AI read of its filing, often quote the profit
attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's
Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that
attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two
are the same.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 14 Oct 2026, 05:07 IST
