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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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 47 of 171
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M Cap ₹1,278 Cr
P/E 51.1
PEG —
Profit +275% above its own trend Operating margin expanded 416 bps YoY Core business grew faster than reported profit (core profit +142%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+35.8% +20.5%
234 194 172 Operating profit
+92.8% +85.5%
32.9 17.8 17.1 OPM %
+416 bps +494 bps
14.1% 9.1% 9.9% Other income
-97.2% +33.1%
0.1 0.1 3.3 Net profit?
+94.9% +102.0%
18.9 9.3 9.7 PAT margin %
+245 bps +325 bps
8.1% 4.8% 5.6% EPS (₹)
+94.5% +102.6%
3.91 1.93 2.01
Quality of profit
Pre-tax profit ₹25.3 Cr: core business ₹25.3 Cr, other income ₹0.1 Cr.
Core profit YoY: +141.7%
· reported profit +94.9%
Cash & debt
FY26 cash from operations ₹67.0 Cr:
260% of FY26 net profit of ₹25.7 Cr.
Borrowings ₹153 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹147 ₹234
+59.3% above Net profit ₹5.0 ₹18.9
+275.1% above
M Cap ₹1,277 Cr
P/E 1052.9
PEG —
Operating margin contracted 996 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+117.8% +196.8%
41.4 14.0 19.0 Operating profit
+38.6% +84.2%
7.2 3.9 5.2 OPM %
-996 bps -1066 bps
17.4% 28.1% 27.4% Other income
from loss +201.3%
9.4 3.1 -3.9 Net profit?
loss widened loss narrowed -3.2 -4.1 -2.6 PAT margin %
+581 bps +2139 bps
-7.7% -29.1% -13.5% EPS (₹)
loss narrowed loss narrowed -0.01 -0.14 -0.06
Quality of profit
Pre-tax profit −₹2.5 Cr: core business −₹11.9 Cr, other income ₹9.4 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations −₹24.2 Cr.
Borrowings ₹256 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹38.1 ₹41.4
+8.9% above
Operating margin expanded 106 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.6% +30.7%
273 209 261 Operating profit
+10.9% —
51.0 — 46.0 OPM %
+106 bps —
18.7% — 17.6% Other income
-9.1% —
10.0 — 11.0 Net profit?
+13.2% —
43.0 — 38.0 PAT margin %
+119 bps —
15.8% — 14.6% EPS (₹)
-14.2% —
7.78 — 9.07
Quality of profit
Pre-tax profit ₹56.0 Cr: core business ₹46.0 Cr, other income ₹10.0 Cr.
Core profit YoY: +15.0%
· reported profit +13.2%
M Cap ₹1,273 Cr
P/E 15.0
PEG 0.03
Profit +95% above its own trend Operating margin expanded 143 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+53.9% +26.7%
291 230 189 Operating profit
+94.3% -19.3%
20.0 24.8 10.3 OPM %
+143 bps -392 bps
6.9% 10.8% 5.4% Other income
-74.5% +118.2%
3.0 1.4 11.8 Net profit?
+124.9% +32.7%
27.0 20.3 12.0 PAT margin %
+293 bps +43 bps
9.3% 8.9% 6.4% EPS (₹)
+200.0% +25.5%
3.45 2.75 1.15
Quality of profit
Pre-tax profit ₹20.0 Cr: core business ₹17.0 Cr, other income ₹3.0 Cr.
Core profit YoY: —
· reported profit +124.9%
Cash & debt
FY26 cash from operations −₹113 Cr:
-152% of FY26 net profit of ₹74.5 Cr.
Borrowings ₹358 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹165 ₹291
+76.1% above Net profit ₹13.8 ₹27.0
+95.3% above
M Cap ₹1,270 Cr
P/E 13.0
PEG 0.87
Profit +28% above its own trend 50% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +8%) FY26 operating cash flow was only 5% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.7% -8.7%
211 231 189 Operating profit
+6.1% -4.3%
17.0 17.8 16.0 OPM %
-43 bps +36 bps
8.1% 7.7% 8.5% Other income
+10.8% +199.0%
18.0 6.0 16.2 Net profit
+37.9% +92.1%
33.0 17.2 23.9 PAT margin %
+297 bps +820 bps
15.6% 7.4% 12.7% EPS (₹)
+39.8% +94.7%
26.81 13.77 19.18
Quality of profit
Pre-tax profit ₹34.0 Cr: core business ₹17.0 Cr, other income ₹18.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +8.2%
· reported profit +37.9%
Cash & debt
FY26 cash from operations ₹5.0 Cr:
5% of FY26 net profit of ₹96.1 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹198 ₹211
+6.4% above Net profit ₹25.9 ₹33.0
+27.5% above
M Cap ₹1,267 Cr
P/E 23.2
PEG —
Operating margin expanded 163 bps YoY 28% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +86%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.9% +37.1%
218 159 204 Operating profit
+23.8% +100.0%
26.0 13.0 21.0 OPM %
+163 bps +375 bps
11.9% 8.2% 10.3% Other income
+400.0% -28.6%
5.0 7.0 1.0 Net profit?
+300.0% +300.0%
16.0 4.0 4.0 PAT margin %
+538 bps +482 bps
7.3% 2.5% 2.0% EPS (₹)
+274.0% +331.5%
5.61 1.30 1.50
Quality of profit
Pre-tax profit ₹18.0 Cr: core business ₹13.0 Cr, other income ₹5.0 Cr.
Core profit YoY: +85.7%
· reported profit +300.0%
Cash & debt
FY26 cash from operations ₹92.0 Cr:
277% of FY26 net profit of ₹33.2 Cr.
Borrowings ₹256 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹218 ₹218
+0.1% in line
M Cap ₹1,262 Cr
P/E 19.7
PEG 0.35
Profit -31% below its own trend Operating margin contracted 318 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-27.1% -25.5%
41.8 56.1 57.3 Operating profit
-35.3% -46.0%
10.4 19.2 16.0 OPM %
-318 bps -945 bps
24.8% 34.3% 28.0% Other income
+35.2% +10.7%
2.4 2.1 1.8 Net profit?
-34.7% -44.0%
7.4 13.3 11.4 PAT margin %
-207 bps -590 bps
17.8% 23.7% 19.9% EPS (₹)
-35.4% -44.4%
4.90 8.82 7.58
Quality of profit
Pre-tax profit ₹10.6 Cr: core business ₹8.2 Cr, other income ₹2.4 Cr.
Core profit YoY: -40.9%
· reported profit -34.7%
Cash & debt
FY26 cash from operations ₹43.0 Cr:
91% of FY26 net profit of ₹47.4 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹56.1 ₹41.8
-25.6% below Net profit ₹10.7 ₹7.4
-30.6% below
M Cap ₹1,258 Cr
P/E 13.1
PEG 0.01
Profit +58% above its own trend 31% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +41%) FY26 operating cash flow was only 7% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+28.2% +4.3%
364 349 284 Operating profit
+32.3% +28.1%
41.0 32.0 31.0 OPM %
+35 bps +209 bps
11.3% 9.2% 10.9% Other income
— +450.0%
11.0 2.0 1.0 Net profit
+100.0% +115.4%
28.0 13.0 14.0 PAT margin %
+276 bps +397 bps
7.7% 3.7% 4.9% EPS (₹)
+94.0% +109.4%
2.89 1.38 1.49
Quality of profit
Pre-tax profit ₹35.0 Cr: core business ₹24.0 Cr, other income ₹11.0 Cr.
Core profit YoY: +41.2%
· reported profit +100.0%
Cash & debt
FY26 cash from operations ₹5.0 Cr:
7% of FY26 net profit of ₹70.5 Cr.
Borrowings ₹134 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹298 ₹364
+22.0% above Net profit ₹17.7 ₹28.0
+58.3% above
M Cap ₹1,255 Cr
P/E 11.5
PEG —
Profit -39% below its own trend Operating margin contracted 288 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+27.4% +1.0%
637 631 500 Operating profit
-8.1% -7.5%
47.5 51.4 51.7 OPM %
-288 bps -68 bps
7.5% 8.1% 10.3% Other income
to loss to loss -15.5 4.9 11.0 Net profit?
-4.4% -74.4%
5.9 23.1 6.2 PAT margin %
-31 bps -273 bps
0.9% 3.7% 1.2% EPS (₹)
-18.6% -78.8%
0.35 1.65 0.43
Quality of profit
Pre-tax profit ₹9.8 Cr: core business ₹25.3 Cr, other income −₹15.5 Cr.
Core profit YoY: -14.4%
· reported profit -4.4%
Cash & debt
FY26 cash from operations ₹278 Cr:
319% of FY26 net profit of ₹87.1 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹598 ₹637
+6.6% above Net profit ₹9.6 ₹5.9
-38.6% below
M Cap ₹1,250 Cr
P/E 19.1
PEG 9.56
Profit -18% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.3% -15.2%
209 247 202 Operating profit
+9.8% -5.3%
28.0 29.6 25.5 OPM %
+79 bps +140 bps
13.4% 12.0% 12.6% Other income
+471.4% +0.0%
2.0 2.0 0.3 Net profit?
+56.0% -20.3%
11.0 13.8 7.0 PAT margin %
+178 bps -34 bps
5.3% 5.6% 3.5% EPS (₹)
+55.7% -20.5%
8.95 11.26 5.75
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹14.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -1.6%
· reported profit +56.0%
Cash & debt
FY26 cash from operations ₹86.0 Cr:
134% of FY26 net profit of ₹64.0 Cr.
Borrowings ₹154 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹223 ₹209
-6.4% below Net profit ₹13.4 ₹11.0
-18.1% below
M Cap ₹1,243 Cr
P/E 35.6
PEG 0.53
25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+43.2% -3.3%
295 305 206 Operating profit
+45.5% -5.9%
16.0 17.0 11.0 OPM %
+8 bps -15 bps
5.4% 5.6% 5.3% Other income
-66.7% +0.0%
1.0 1.0 3.0 Net profit
+0.4% +133.3%
14.0 6.0 13.9 PAT margin %
-202 bps +278 bps
4.7% 2.0% 6.8% EPS (₹)
+0.0% +127.3%
0.25 0.11 0.25
Quality of profit
Pre-tax profit ₹8.0 Cr: core business ₹6.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +20.0%
· reported profit +0.4%
Cash & debt
FY26 cash from operations ₹119 Cr:
350% of FY26 net profit of ₹34.0 Cr.
Borrowings ₹222 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹270 ₹295
+9.4% above
M Cap ₹1,242 Cr
P/E 22.9
PEG 0.69
Profit +181% above its own trend Operating margin contracted 503 bps YoY 35% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +83%) FY26 operating cash flow was only 42% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+82.2% +84.7%
109 59.0 59.8 Operating profit
+33.4% +7.1%
15.0 14.0 11.2 OPM %
-503 bps -997 bps
13.8% 23.7% 18.8% Other income
+720.4% +133.3%
7.0 3.0 0.9 Net profit?
+146.8% +41.7%
17.0 12.0 6.9 PAT margin %
+408 bps -474 bps
15.6% 20.3% 11.5% EPS (₹)
+149.7% +47.8%
11.56 7.82 4.63
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹11.0 Cr, other income ₹7.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +83.3%
· reported profit +146.8%
Cash & debt
FY26 cash from operations ₹20.0 Cr:
42% of FY26 net profit of ₹48.0 Cr.
Borrowings ₹5.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹66.2 ₹109
+64.7% above Net profit ₹6.1 ₹17.0
+180.7% above
M Cap ₹1,237 Cr
P/E 25.3
PEG 1.15
Profit +47% above its own trend 40% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +25%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+12.1% +23.3%
250 203 223 Operating profit
+22.2% +16.1%
22.0 18.9 18.0 OPM %
+73 bps -54 bps
8.8% 9.3% 8.1% Other income
+900.0% —
10.0 0.5 1.0 Net profit?
+63.6% +83.4%
18.0 9.8 11.0 PAT margin %
+227 bps +236 bps
7.2% 4.8% 4.9% EPS (₹)
+65.4% +83.4%
7.08 3.86 4.28
Quality of profit
Pre-tax profit ₹25.0 Cr: core business ₹15.0 Cr, other income ₹10.0 Cr.
Core profit YoY: +25.0%
· reported profit +63.6%
Cash & debt
FY26 cash from operations ₹53.0 Cr:
180% of FY26 net profit of ₹29.4 Cr.
Borrowings ₹185 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹279 ₹250
-10.4% below Net profit ₹12.3 ₹18.0
+46.5% above
M Cap ₹1,236 Cr
P/E 99.4
PEG —
Operating margin expanded 5936 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-89.8% +444.1%
12.0 2.2 117 Operating profit
from loss from loss 7.1 -0.0 -0.1 OPM %
+5936 bps +6060 bps
59.2% -1.4% -0.1% Other income
— -100.0%
0.0 16.1 0.0 Net profit
loss narrowed to loss -1.0 6.6 -6.0 PAT margin %
-342 bps —
-8.5% — -5.1% EPS (₹)
loss narrowed to loss -0.07 0.61 -0.70
Quality of profit
Pre-tax profit −₹0.3 Cr: core business −₹0.3 Cr, other income ₹0.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹84.0 Cr.
Borrowings ₹349 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹80.2 ₹12.0
-85.1% below
M Cap ₹1,232 Cr
P/E 6.0
PEG —
Profit -14% below its own trend Operating margin expanded 283 bps YoY 35% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +93%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-22.6% -24.5%
584 774 754 Operating profit
+22.3% -46.4%
45.0 84.0 36.8 OPM %
+283 bps -315 bps
7.7% 10.9% 4.9% Other income
+11.6% +33.3%
16.0 12.0 14.3 Net profit?
+48.9% -46.3%
29.0 54.0 19.5 PAT margin %
+238 bps -201 bps
5.0% 7.0% 2.6% EPS (₹)
+51.0% -45.5%
1.45 2.66 0.96
Quality of profit
Pre-tax profit ₹46.0 Cr: core business ₹30.0 Cr, other income ₹16.0 Cr.
Core profit YoY: +92.7%
· reported profit +48.9%
Cash & debt
FY26 cash from operations ₹395 Cr:
187% of FY26 net profit of ₹211 Cr.
Borrowings ₹703 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹975 ₹584
-40.1% below Net profit ₹33.9 ₹29.0
-14.4% below
M Cap ₹1,230 Cr
P/E 8.2
PEG 0.55
Profit +11% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+16.3% +0.3%
299 298 257 Net interest income
+17.5% +1.7%
121 119 103 Other income
+0.0% +0.0%
26.0 26.0 26.0 Net profit
+17.6% +17.6%
40.0 34.0 34.0 EPS (₹)
+16.5% +16.4%
8.82 7.58 7.57 Gross NPA %
-4 bps -14 bps
2.5% 2.7% 2.6% Net NPA %
-6 bps -11 bps
1.2% 1.4% 1.3%
Against its own trend ?
Trend Actual Gap
NII ₹114 ₹121
+5.7% above Net profit ₹36.2 ₹40.0
+10.6% above
M Cap ₹1,225 Cr
P/E 35.8
PEG —
Operating margin contracted 115 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-1.4% -8.3%
146 159 148 Operating profit
-8.3% -6.3%
22.0 23.5 24.0 OPM %
-115 bps +32 bps
15.1% 14.7% 16.2% Other income
— -68.4%
1.0 3.2 0.0 Net profit
-10.0% -1.8%
9.0 9.2 10.0 PAT margin %
-59 bps +41 bps
6.2% 5.8% 6.8% EPS (₹)
-22.3% -7.1%
1.43 1.54 1.84
Quality of profit
Pre-tax profit ₹13.0 Cr: core business ₹12.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +0.0%
· reported profit -10.0%
M Cap ₹1,222 Cr
P/E 8.3
PEG 1.19
Profit +577% above its own trend Operating margin expanded 939 bps YoY 26% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.0% +17.6%
484 412 444 Operating profit
+527.1% +34.6%
55.0 40.9 8.8 OPM %
+939 bps +144 bps
11.4% 9.9% 2.0% Other income
-14.8% +45.7%
13.0 8.9 15.2 Net profit?
+476.9% +64.3%
39.0 23.7 6.8 PAT margin %
+654 bps +229 bps
8.1% 5.8% 1.5% EPS (₹)
+483.5% +66.0%
18.03 10.86 3.09
Quality of profit
Pre-tax profit ₹53.0 Cr: core business ₹39.0 Cr, other income ₹13.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
· reported profit +476.9%
Cash & debt
FY26 cash from operations ₹125 Cr:
124% of FY26 net profit of ₹100 Cr.
Borrowings ₹22.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹354 ₹484
+36.5% above Net profit ₹5.8 ₹39.0
+577.1% above
M Cap ₹1,221 Cr
P/E 8.7
PEG 0.21
Profit -37% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+23.5% +13.6%
509 448 412 Net interest income
+10.8% —
246 — 222 Other income
+133.3% —
21.0 — 9.0 Net profit
-26.8% +400.0%
30.0 6.0 41.0 EPS (₹)
-44.8% +363.4%
1.90 0.41 3.44 Gross NPA %
+20 bps +30 bps
2.5% 2.2% 2.3% Net NPA %
+0 bps +20 bps
1.6% 1.4% 1.6%
Against its own trend ?
Trend Actual Gap
Net profit ₹47.7 ₹30.0
-37.1% below
M Cap ₹1,217 Cr
P/E 27.5
PEG 0.21
Operating margin expanded 1576 bps YoY 38% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +600%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+97.1% +19.7%
134 112 68.0 Operating profit
+625.0% +103.9%
29.0 14.2 4.0 OPM %
+1576 bps +894 bps
21.6% 12.7% 5.9% Other income
+333.3% +223.2%
13.0 4.0 3.0 Net profit?
+520.0% +204.1%
31.0 10.2 5.0 PAT margin %
+1578 bps +1403 bps
23.1% 9.1% 7.4% EPS (₹)
+94.9% +103.4%
6.06 2.98 3.11
Quality of profit
Pre-tax profit ₹34.0 Cr: core business ₹21.0 Cr, other income ₹13.0 Cr.
Core profit YoY: +600.0%
· reported profit +520.0%
Cash & debt
FY26 cash from operations −₹20.0 Cr:
-44% of FY26 net profit of ₹45.6 Cr.
Borrowings ₹302 Cr at Mar 2026.
M Cap ₹1,207 Cr
P/E 23.2
PEG 0.43
Profit +16% above its own trend Operating margin expanded 594 bps YoY Core business grew faster than reported profit (core profit +167%) FY26 operating cash flow was only 48% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-18.2% -24.3%
265 350 324 Operating profit
+86.7% +7.7%
28.0 26.0 15.0 OPM %
+594 bps +314 bps
10.6% 7.4% 4.6% Other income
+0.0% +443.6%
2.0 0.4 2.0 Net profit
+87.5% +6.9%
15.0 14.0 8.0 PAT margin %
+319 bps +165 bps
5.7% 4.0% 2.5% EPS (₹)
+81.1% +9.7%
5.18 4.72 2.86
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹16.0 Cr, other income ₹2.0 Cr, exceptional & other items −₹2.0 Cr.
Core profit YoY: +166.7%
· reported profit +87.5%
Cash & debt
FY26 cash from operations ₹24.0 Cr:
48% of FY26 net profit of ₹50.0 Cr.
Borrowings ₹236 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹426 ₹265
-37.8% below Net profit ₹13.0 ₹15.0
+15.7% above
M Cap ₹1,204 Cr
P/E 59.4
PEG —
Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-64.1% —
26.1 0.0 72.9 Operating profit
loss narrowed loss narrowed -0.8 -1.0 -1.6 OPM %
-94 bps —
-3.1% — -2.2% Other income
+90.5% +207.7%
0.4 0.1 0.2 Net profit
loss narrowed loss narrowed -0.7 -1.0 -1.6 PAT margin %
-51 bps —
-2.7% — -2.2% EPS (₹)
loss narrowed loss narrowed -0.10 -0.15 -0.23
Quality of profit
Pre-tax profit −₹0.6 Cr: core business −₹1.0 Cr, other income ₹0.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹3.0 Cr:
-14% of FY26 net profit of ₹20.7 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹123 ₹26.1
-78.7% below
M Cap ₹1,203 Cr
P/E 5.6
PEG 0.51
Profit -67% below its own trend 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
+5.3% -23.3%
1,579 2,059 1,500 Operating profit
to loss to loss -6.2 64.5 4.7 OPM %
-70 bps -352 bps
-0.4% 3.1% 0.3% Other income
+10.4% -9.5%
36.8 40.7 33.3 Net profit?
-33.4% -87.6%
8.2 66.6 12.3 PAT margin %
-30 bps -271 bps
0.5% 3.2% 0.8% EPS (₹)
-38.5% -87.9%
0.16 1.32 0.26
Quality of profit
Pre-tax profit ₹11.5 Cr: core business −₹25.4 Cr, other income ₹36.8 Cr.
Core profit YoY: loss widened
· reported profit -33.4%
Cash & debt
FY26 cash from operations −₹85.0 Cr:
-51% of FY26 net profit of ₹165 Cr.
Borrowings ₹850 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,164 ₹1,579
-27.0% below Net profit ₹24.7 ₹8.2
-66.7% below
₹ Cr
Mar 2026
Sales
2,915 Operating profit
17.0 OPM %
0.6% Other income
16.0 Net profit?
-45.0 PAT margin %
-1.5% EPS (₹)
-0.46
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 −₹36.0 Cr: core business −₹52.0 Cr, other income ₹16.0 Cr.
M Cap ₹1,196 Cr
P/E 29.1
PEG 1.71
Profit -44% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.7% +11.7%
368 330 330 Operating profit
+7.4% -4.2%
31.9 33.3 29.7 OPM %
-34 bps -144 bps
8.7% 10.1% 9.0% Other income
-35.1% +16.4%
3.0 2.6 4.6 Net profit
+12.7% -4.0%
15.3 15.9 13.5 PAT margin %
+4 bps -68 bps
4.1% 4.8% 4.1% EPS (₹)
+12.8% -3.8%
1.76 1.83 1.56
Quality of profit
Pre-tax profit ₹20.6 Cr: core business ₹17.6 Cr, other income ₹3.0 Cr.
Core profit YoY: +29.9%
· reported profit +12.7%
Cash & debt
FY26 cash from operations ₹92.0 Cr:
190% of FY26 net profit of ₹48.4 Cr.
Borrowings ₹257 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹366 ₹368
+0.5% in line Net profit ₹27.1 ₹15.3
-43.6% below
M Cap ₹1,176 Cr
P/E 15.6
PEG —
₹ Cr QoQ
Mar 2026 Dec 2025
Sales
+26.8%
343 271 Operating profit
+3.2%
30.5 29.5 OPM %
-202 bps
8.9% 10.9% Other income
+267.8%
6.1 1.6 Net profit?
+18.5%
21.6 18.3 PAT margin %
-44 bps
6.3% 6.7% EPS (₹)
+36.3%
2.59 1.90
Quality of profit
Pre-tax profit ₹28.7 Cr: core business ₹22.7 Cr, other income ₹6.1 Cr.
M Cap ₹1,166 Cr
P/E 17.1
PEG 3.42
Profit -28% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-18.0% -1.4%
141 143 172 Operating profit
-18.9% -9.1%
30.0 33.0 37.0 OPM %
-24 bps -180 bps
21.3% 23.1% 21.5% Other income
— —
0.0 0.0 0.0 Net profit
-23.8% -11.1%
16.0 18.0 21.0 PAT margin %
-86 bps -124 bps
11.3% 12.6% 12.2% EPS (₹)
-20.3% -9.8%
2.40 2.66 3.01
Quality of profit
Pre-tax profit ₹22.0 Cr: core business ₹22.0 Cr, other income ₹0.0 Cr.
Core profit YoY: -18.5%
· reported profit -23.8%
Cash & debt
FY26 cash from operations ₹98.0 Cr:
136% of FY26 net profit of ₹72.0 Cr.
Borrowings ₹75.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹185 ₹141
-23.9% below Net profit ₹22.3 ₹16.0
-28.2% below
M Cap ₹1,166 Cr
P/E 24.3
PEG 8.10
Profit +61% above its own trend Operating margin contracted 254 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+24.8% +5.0%
126 120 101 Operating profit
+9.5% +9.5%
23.0 21.0 21.0 OPM %
-254 bps +75 bps
18.3% 17.5% 20.8% Other income
+0.0% +100.0%
2.0 1.0 2.0 Net profit
+15.4% +66.7%
15.0 9.0 13.0 PAT margin %
-97 bps +440 bps
11.9% 7.5% 12.9% EPS (₹)
+13.4% +56.1%
1.78 1.14 1.57
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹14.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -6.7%
· reported profit +15.4%
Cash & debt
FY26 cash from operations ₹81.0 Cr:
188% of FY26 net profit of ₹43.0 Cr.
Borrowings ₹91.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹112 ₹126
+12.2% above Net profit ₹9.3 ₹15.0
+60.8% above
M Cap ₹1,163 Cr
P/E 14.0
PEG —
Operating margin expanded 222 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-0.2% -8.7%
242 265 242 Operating profit
+15.1% -2.9%
40.3 41.5 35.0 OPM %
+222 bps +99 bps
16.7% 15.7% 14.5% Other income
+37.9% -24.5%
1.4 1.8 1.0 Net profit?
+6.9% -13.9%
23.5 27.3 22.0 PAT margin %
+64 bps -59 bps
9.7% 10.3% 9.1% EPS (₹)
-0.1% -14.2%
12.34 14.38 12.35
Quality of profit
Pre-tax profit ₹32.4 Cr: core business ₹31.1 Cr, other income ₹1.4 Cr.
Core profit YoY: +7.1%
· reported profit +6.9%
Cash & debt
FY26 cash from operations ₹52.0 Cr:
59% of FY26 net profit of ₹88.8 Cr.
Borrowings ₹69.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹241 ₹242
+0.4% in line Net profit ₹23.1 ₹23.5
+1.8% in line
M Cap ₹1,162 Cr
P/E 7.9
PEG 0.44
Profit +142% above its own trend Operating margin expanded 219 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-15.2% -1.9%
358 365 422 Operating profit
+5.5% -32.4%
40.0 59.2 37.9 OPM %
+219 bps -504 bps
11.2% 16.2% 9.0% Other income
-12.7% -81.1%
2.0 10.6 2.3 Net profit?
+246.6% +28.7%
46.0 35.7 13.3 PAT margin %
+971 bps +306 bps
12.8% 9.8% 3.1% EPS (₹)
+243.7% +28.6%
4.09 3.18 1.19
Quality of profit
Pre-tax profit ₹23.0 Cr: core business ₹21.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -10.3%
· reported profit +246.6%
Cash & debt
FY26 cash from operations ₹142 Cr:
97% of FY26 net profit of ₹147 Cr.
Borrowings ₹267 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹448 ₹358
-20.1% below Net profit ₹19.0 ₹46.0
+142.3% 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, 05:07 IST
