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
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 48 of 171
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
M Cap ₹1,160 Cr
P/E 23.5
PEG 0.19
Operating margin expanded 203 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+33.8% +4.2%
241 231 180
Operating profit
+62.9% -2.5%
27.3 28.0 16.8
OPM %
+203 bps -78 bps
11.4% 12.1% 9.3%
Other income
-33.1% from loss
0.9 -1.0 1.4
Net profit?
+73.5% +22.1%
18.3 15.0 10.6
PAT margin %
+174 bps +112 bps
7.6% 6.5% 5.9%
EPS (₹)
+39.9% -3.6%
5.33 5.53 3.81
Quality of profit
Core 96% Other income & one-offs 4%
Pre-tax profit ₹22.2 Cr: core business ₹21.3 Cr, other income ₹0.9 Cr.
Core profit YoY: +65.3%
· reported profit +73.5%
Cash & debt
FY26 cash from operations ₹47.0 Cr:
108% of FY26 net profit of ₹43.3 Cr.
Borrowings ₹145 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹203 ₹241
+18.7% above
Net profit ₹19.0 ₹18.3
-3.6% in line
M Cap ₹1,157 Cr
P/E 12.6
PEG 0.79
Operating margin contracted 105 bps YoY 31% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +116%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+57.2% +258.1%
641 179 408
Operating profit
+43.4% from loss
70.0 -17.0 48.8
OPM %
-105 bps +2042 bps
10.9% -9.5% 12.0%
Other income
-45.5% -26.7%
22.0 30.0 40.4
Net profit?
+65.8% from loss
79.0 -7.0 47.7
PAT margin %
+64 bps +1624 bps
12.3% -3.9% 11.7%
EPS (₹)
+64.3% from loss
4.60 -0.40 2.80
Quality of profit
Core 69% Other income & one-offs 31%
Pre-tax profit ₹70.0 Cr: core business ₹48.0 Cr, other income ₹22.0 Cr.
Core profit YoY: +115.9%
· reported profit +65.8%
Cash & debt
FY26 cash from operations −₹16.0 Cr:
-16% of FY26 net profit of ₹101 Cr.
Borrowings ₹616 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹599 ₹641
+7.0% above
Net profit ₹85.3 ₹79.0
-7.4% in line
M Cap ₹1,155 Cr
P/E 4.6
PEG —
Profit -14% 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
-100.0% -100.0%
0.0 6.0 2.0
Operating profit
to loss to loss
-1.0 5.0 1.0
Other income
-21.7% +8.0%
54.0 50.0 69.0
Net profit?
-22.9% +0.0%
54.0 54.0 70.0
EPS (₹)
-23.1% -0.2%
168.01 168.29 218.49
Quality of profit
Pre-tax profit ₹53.0 Cr: core business −₹1.0 Cr, other income ₹54.0 Cr.
Core profit YoY: to loss
· reported profit -22.9%
Cash & debt
FY26 cash from operations −₹6.0 Cr:
-3% of FY26 net profit of ₹217 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1.0 ₹0.0
-100.0% below
Net profit ₹63.1 ₹54.0
-14.4% below
M Cap ₹1,154 Cr
P/E 124.6
PEG 2.90
Into loss: a profit a year ago Profit -151% below its own trend Exceptional items of ₹-1.0 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+15.6% -1.6%
99.7 101 86.3
Operating profit
loss narrowed loss widened
-1.4 -0.9 -1.5
OPM %
+28 bps -57 bps
-1.5% -0.9% -1.7%
Other income
-65.0% -58.7%
8.6 20.7 24.5
Net profit?
to loss to loss
-3.5 4.6 13.7
PAT margin %
-1936 bps -799 bps
-3.5% 4.5% 15.9%
EPS (₹)
to loss to loss
-0.32 0.29 0.97
Quality of profit
Pre-tax profit −₹1.7 Cr: core business −₹9.2 Cr, other income ₹8.6 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹12.0 Cr:
202% of FY26 net profit of ₹5.9 Cr.
Borrowings ₹7.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹94.5 ₹99.7
+5.6% above
Net profit ₹6.8 −₹3.5
-150.8% below
M Cap ₹1,154 Cr
P/E 23.6
PEG 2.14
Profit +215% above its own trend Operating margin expanded 312 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+36.8% +25.7%
132 105 96.5
Operating profit
+87.1% -4.3%
15.3 16.0 8.2
OPM %
+312 bps -364 bps
11.6% 15.2% 8.5%
Other income
+11.5% +12.4%
3.4 3.0 3.0
Net profit?
+135.3% +23.7%
14.8 12.0 6.3
PAT margin %
+471 bps -18 bps
11.2% 11.4% 6.5%
EPS (₹)
+137.1% +20.1%
2.75 2.29 1.16
Quality of profit
Core 80% Other income & one-offs 20%
Pre-tax profit ₹16.5 Cr: core business ₹13.1 Cr, other income ₹3.4 Cr.
Core profit YoY: +122.6%
· reported profit +135.3%
Cash & debt
FY26 cash from operations −₹1.0 Cr:
-2% of FY26 net profit of ₹50.9 Cr.
Borrowings ₹10.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹108 ₹132
+21.7% above
Net profit ₹4.7 ₹14.8
+215.2% above
M Cap ₹1,153 Cr
P/E 31.4
PEG 0.78
Profit +51% above its own trend Operating margin expanded 307 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.3% +16.3%
92.2 79.3 82.8
Operating profit
+42.7% -3.2%
12.9 13.3 9.0
OPM %
+307 bps -280 bps
14.0% 16.8% 10.9%
Other income
from loss —
0.2 0.0 -0.1
Net profit
+53.5% -7.5%
8.6 9.3 5.6
PAT margin %
+256 bps -240 bps
9.3% 11.7% 6.8%
EPS (₹)
+54.7% -7.9%
0.82 0.89 0.53
Quality of profit
Core 98% Other income & one-offs 2%
Pre-tax profit ₹11.7 Cr: core business ₹11.4 Cr, other income ₹0.2 Cr.
Core profit YoY: +53.9%
· reported profit +53.5%
Cash & debt
FY26 cash from operations ₹27.0 Cr:
85% of FY26 net profit of ₹31.9 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹88.2 ₹92.2
+4.5% in line
Net profit ₹5.7 ₹8.6
+50.5% above
M Cap ₹1,151 Cr
P/E 16.2
PEG —
Profit -21% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.4% +20.4%
281 233 248
Operating profit
+12.5% +38.2%
22.0 15.9 19.6
OPM %
-6 bps +101 bps
7.8% 6.8% 7.9%
Other income
-47.7% -38.3%
3.0 4.9 5.7
Net profit?
-3.3% +42.9%
12.0 8.4 12.4
PAT margin %
-74 bps +67 bps
4.3% 3.6% 5.0%
EPS (₹)
-1.0% +46.3%
9.77 6.68 9.87
Quality of profit
Core 80% Other income & one-offs 20%
Pre-tax profit ₹15.0 Cr: core business ₹12.0 Cr, other income ₹3.0 Cr.
Core profit YoY: +13.9%
· reported profit -3.3%
Cash & debt
FY26 cash from operations ₹53.0 Cr:
70% of FY26 net profit of ₹75.3 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹276 ₹281
+1.7% in line
Net profit ₹15.2 ₹12.0
-20.8% below
M Cap ₹1,151 Cr
P/E 24.7
PEG —
Profit -26% below its own trend
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+30.3% +13.2%
453 400 348
Operating profit
+22.3% +11.5%
30.0 26.9 24.5
OPM %
-43 bps -10 bps
6.6% 6.7% 7.1%
Other income
+52.1% +36.5%
4.0 2.9 2.6
Net profit?
+21.5% +15.8%
25.0 21.6 20.6
PAT margin %
-40 bps +12 bps
5.5% 5.4% 5.9%
EPS (₹)
— -9.8%
16.54 18.33 34.92
No EPS growth against Mar 2025: 1:1 bonus in Jul 2025.
Quality of profit
Core 90% Other income & one-offs 10%
Pre-tax profit ₹31.0 Cr: core business ₹28.0 Cr, other income ₹4.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +23.2%
· reported profit +21.5%
Cash & debt
FY26 cash from operations ₹18.0 Cr.
Borrowings ₹27.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹696 ₹453
-34.9% below
Net profit ₹33.7 ₹25.0
-25.7% below
M Cap ₹1,150 Cr
P/E 73.1
PEG 1.87
Profit -72% below its own trend Core business grew faster than reported profit (core profit +166%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+32.8% +7.2%
170 159 128
Operating profit
+11.7% +35.9%
7.0 5.1 6.2
OPM %
-77 bps +86 bps
4.1% 3.2% 4.8%
Other income
-89.7% -70.9%
0.8 2.8 8.1
Net profit?
-76.1% -36.9%
1.7 2.7 7.2
PAT margin %
-460 bps -71 bps
1.0% 1.7% 5.6%
EPS (₹)
-76.1% -34.5%
0.11 adj. 0.170.46
EPS restated for the ₹10 to ₹1 split of Apr 2026: Dec 2025 ₹1.68 to ₹0.17.
Quality of profit
Core 76% Other income & one-offs 24%
Pre-tax profit ₹3.4 Cr: core business ₹2.6 Cr, other income ₹0.8 Cr.
Core profit YoY: +166.3%
· reported profit -76.1%
Cash & debt
FY26 cash from operations ₹37.0 Cr:
355% of FY26 net profit of ₹10.4 Cr.
Borrowings ₹99.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹97.6 ₹170
+74.5% above
Net profit ₹6.1 ₹1.7
-71.6% below
M Cap ₹1,150 Cr
P/E 41.5
PEG —
Profit -66% below its own trend Operating margin contracted 921 bps YoY FY26 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-2.1% +11.8%
81.3 72.7 83.1
Operating profit
-38.3% -5.7%
12.8 13.6 20.7
OPM %
-921 bps -293 bps
15.7% 18.7% 24.9%
Other income
-50.1% -41.5%
0.4 0.7 0.8
Net profit?
-54.4% -15.4%
5.7 6.8 12.6
PAT margin %
-810 bps -227 bps
7.0% 9.3% 15.1%
EPS (₹)
-55.0% +20.0%
0.30 0.25 adj. 0.67
EPS restated for the 2:1 bonus of Jul 2025: Mar 2025 ₹2.00 to ₹0.67.
Quality of profit
Core 95% Other income & one-offs 5%
Pre-tax profit ₹8.4 Cr: core business ₹8.0 Cr, other income ₹0.4 Cr.
Core profit YoY: -46.1%
· reported profit -54.4%
Cash & debt
FY26 cash from operations ₹0.0 Cr:
0% of FY26 net profit of ₹31.0 Cr.
Borrowings ₹32.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹83.6 ₹81.3
-2.8% in line
Net profit ₹16.8 ₹5.7
-65.9% below
M Cap ₹1,143 Cr
P/E 15.4
PEG 0.01
Profit +82% above its own trend Operating margin contracted 165 bps YoY FY26 operating cash flow was only 23% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+39.3% +30.0%
149 115 107
Operating profit
+26.3% +18.8%
24.0 20.2 19.0
OPM %
-165 bps -152 bps
16.1% 17.6% 17.8%
Other income
+100.0% from loss
2.0 -3.0 1.0
Net profit
+118.4% +192.3%
19.0 6.5 8.7
PAT margin %
+462 bps +708 bps
12.8% 5.7% 8.1%
EPS (₹)
+122.4% +195.4%
3.87 1.31 1.74
Quality of profit
Core 94% Other income & one-offs 6%
Pre-tax profit ₹17.0 Cr: core business ₹16.0 Cr, other income ₹2.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +45.5%
· reported profit +118.4%
Cash & debt
FY26 cash from operations ₹11.0 Cr:
23% of FY26 net profit of ₹47.2 Cr.
Borrowings ₹84.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹126 ₹149
+17.9% above
Net profit ₹10.4 ₹19.0
+82.2% above
M Cap ₹1,134 Cr
P/E 44.5
PEG —
Profit -74% below its own trend Operating margin contracted 168 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-71.4% -1.8%
172 175 602
Operating profit
-78.2% -32.6%
9.4 13.9 42.9
OPM %
-168 bps -249 bps
5.4% 7.9% 7.1%
Other income
to loss to loss
-0.1 0.2 1.0
Net profit?
-60.1% +44.7%
7.1 4.9 17.7
PAT margin %
+117 bps +132 bps
4.1% 2.8% 2.9%
EPS (₹)
-59.8% +47.6%
0.31 0.21 adj. 0.77
EPS restated for the ₹10 to ₹1 split of May 2025: Mar 2025 ₹7.71 to ₹0.77.
Quality of profit
Pre-tax profit ₹3.5 Cr: core business ₹3.6 Cr, other income −₹0.1 Cr.
Core profit YoY: -82.2%
· reported profit -60.1%
Cash & debt
FY26 cash from operations ₹14.0 Cr:
55% of FY26 net profit of ₹25.5 Cr.
Borrowings ₹106 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹697 ₹172
-75.3% below
Net profit ₹27.1 ₹7.1
-74.0% below
Profit -42% below its own trend Operating margin contracted 415 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-2.7% +22.6%
564 460 580
Operating profit
-23.5% +99.6%
86.0 43.1 112
OPM %
-415 bps +588 bps
15.2% 9.4% 19.4%
Other income
-2.7% +337.7%
9.0 2.1 9.3
Net profit?
-26.3% +542.2%
53.0 8.3 71.9
PAT margin %
-301 bps +760 bps
9.4% 1.8% 12.4%
EPS (₹)
-26.5% +541.6%
10.33 1.61 14.05
Quality of profit
Core 87% Other income & one-offs 13%
Pre-tax profit ₹70.0 Cr: core business ₹61.0 Cr, other income ₹9.0 Cr.
Core profit YoY: -29.5%
· reported profit -26.3%
Cash & debt
FY26 cash from operations ₹171 Cr:
5258% of FY26 net profit of ₹3.3 Cr.
Borrowings ₹531 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹593 ₹564
-4.9% in line
Net profit ₹91.3 ₹53.0
-42.0% below
M Cap ₹1,130 Cr
P/E 53.9
PEG —
Profit -59% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
-31.4% -13.4%
339 391 493
Net interest income
+31.5% +5.0%
35.2 33.5 26.8
Other income
-37.7% -16.4%
275 328 441
Net profit
-70.4% -42.0%
7.1 12.2 24.0
EPS (₹)
-70.5% -42.2%
0.85 1.47 2.88
Against its own trend ?
Trend Actual Gap
NII ₹38.7 ₹35.2
-8.9% below
Net profit ₹17.5 ₹7.1
-59.4% below
M Cap ₹1,127 Cr
P/E 10.1
PEG 0.92
Profit +159% above its own trend Operating margin expanded 1729 bps YoY Core business grew faster than reported profit (core profit +802%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+59.2% -8.2%
187 204 117
Operating profit
+321.1% +21.6%
52.0 42.8 12.3
OPM %
+1729 bps +682 bps
27.8% 21.0% 10.5%
Other income
to loss to loss
-3.0 4.7 4.8
Net profit?
+418.1% +10.0%
33.0 30.0 6.4
PAT margin %
+1222 bps +292 bps
17.6% 14.7% 5.4%
EPS (₹)
+415.4% +8.9%
6.21 adj. 5.71adj. 1.21
EPS restated for the ₹10 to ₹5 split of Jan 2026: Dec 2025 ₹11.41 to ₹5.71; Mar 2025 ₹2.41 to ₹1.21.
Quality of profit
Pre-tax profit ₹42.0 Cr: core business ₹45.0 Cr, other income −₹3.0 Cr.
Core profit YoY: +801.8%
· reported profit +418.1%
Cash & debt
FY26 cash from operations ₹53.0 Cr:
51% of FY26 net profit of ₹104 Cr.
Borrowings ₹142 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹176 ₹187
+6.2% above
Net profit ₹12.7 ₹33.0
+159.0% above
M Cap ₹1,123 Cr
P/E 65.8
PEG —
Profit +323% above its own trend Operating margin expanded 428 bps YoY Core business grew faster than reported profit (core profit +844%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+37.0% +4.6%
214 205 156
Operating profit
+152.6% +83.5%
20.0 10.9 7.9
OPM %
+428 bps +402 bps
9.3% 5.3% 5.1%
Other income
+31.8% +64.6%
1.0 0.6 0.8
Net profit
+658.3% +173.5%
11.0 4.0 1.5
PAT margin %
+421 bps +317 bps
5.1% 2.0% 0.9%
EPS (₹)
+650.0% +168.7%
3.60 1.34 0.48
Quality of profit
Core 86% Other income & one-offs 14%
Pre-tax profit ₹14.0 Cr: core business ₹12.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +843.8%
· reported profit +658.3%
Cash & debt
FY26 cash from operations −₹21.0 Cr:
-123% of FY26 net profit of ₹17.1 Cr.
Borrowings ₹133 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹159 ₹214
+34.8% above
Net profit ₹2.6 ₹11.0
+323.0% above
M Cap ₹1,123 Cr
P/E 13.7
PEG 0.55
Profit +37% above its own trend Operating margin expanded 200 bps YoY Profit grew faster than the core business (core profit +47%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.4% +14.6%
318 277 285
Operating profit
+37.0% +34.6%
34.0 25.3 24.8
OPM %
+200 bps +159 bps
10.7% 9.1% 8.7%
Other income
— +167.3%
6.0 2.2 0.3
Net profit?
+77.2% +77.0%
21.0 11.9 11.9
PAT margin %
+245 bps +233 bps
6.6% 4.3% 4.2%
EPS (₹)
+68.5% +74.7%
2.83 1.62 1.68
Quality of profit
Core 76% Other income & one-offs 24%
Pre-tax profit ₹29.0 Cr: core business ₹22.0 Cr, other income ₹6.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +47.0%
· reported profit +77.2%
Cash & debt
FY26 cash from operations ₹79.0 Cr:
99% of FY26 net profit of ₹79.8 Cr.
Borrowings ₹311 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹308 ₹318
+3.3% in line
Net profit ₹15.4 ₹21.0
+36.6% above
M Cap ₹1,121 Cr
P/E 25.0
PEG —
Profit +83% above its own trend Operating margin contracted 268 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
+5.9% +1.3%
115 113 108
Operating profit
-37.7% -64.7%
4.4 12.4 7.0
OPM %
-268 bps -714 bps
3.8% 11.0% 6.5%
Other income
-46.4% -1.1%
6.0 6.1 11.3
Net profit?
+18.7% +17.0%
9.7 8.3 8.2
PAT margin %
+91 bps +113 bps
8.5% 7.3% 7.6%
EPS (₹)
+24.0% +22.1%
4.70 3.85 3.79
Quality of profit
Pre-tax profit ₹10.4 Cr: core business −₹2.1 Cr, other income ₹6.0 Cr, exceptional & other items ₹6.5 Cr.
Core profit YoY: loss widened
· reported profit +18.7%
Cash & debt
FY26 cash from operations ₹75.0 Cr:
219% of FY26 net profit of ₹34.2 Cr.
Borrowings ₹49.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹105 ₹115
+9.8% above
Net profit ₹5.3 ₹9.7
+82.8% above
Into loss: a profit a year ago Operating margin contracted 663 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-27.3% +15.4%
48.0 41.6 66.0
Operating profit
loss narrowed loss narrowed
-17.0 -31.8 -19.0
OPM %
-663 bps +4104 bps
-35.4% -76.5% -28.8%
Other income
-90.0% -55.3%
1.0 2.2 10.0
Net profit?
to loss loss narrowed
-14.0 -24.6 94.0
PAT margin %
— +2991 bps
-29.2% -59.1% —
EPS (₹)
to loss loss narrowed
-1.15 -2.04 7.85
Quality of profit
Pre-tax profit −₹18.0 Cr: core business −₹20.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹73.0 Cr.
Borrowings ₹19.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.0 ₹48.0
+45.5% above
M Cap ₹1,119 Cr
P/E 45.2
PEG —
Profit +32% above its own trend Operating margin contracted 193 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.1% -27.1%
143 196 133
Operating profit
-2.6% -13.2%
27.7 31.9 28.5
OPM %
-193 bps +312 bps
19.5% 16.3% 21.4%
Other income
+59.4% +76.9%
1.6 0.9 1.0
Net profit?
-34.1% -5.6%
8.6 9.1 13.0
PAT margin %
-376 bps +138 bps
6.0% 4.7% 9.8%
EPS (₹)
-34.2% -5.6%
1.02 1.08 1.55
Quality of profit
Core 88% Other income & one-offs 12%
Pre-tax profit ₹12.0 Cr: core business ₹10.5 Cr, other income ₹1.6 Cr.
Core profit YoY: -16.3%
· reported profit -34.1%
Cash & debt
FY26 cash from operations ₹101 Cr:
394% of FY26 net profit of ₹25.6 Cr.
Borrowings ₹333 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹127 ₹143
+12.2% above
Net profit ₹6.5 ₹8.6
+31.8% above
M Cap ₹1,109 Cr
P/E 63.1
PEG —
Profit +22% above its own trend Operating margin contracted 232 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+50.4% +24.3%
60.5 48.7 40.2
Operating profit
+33.2% +79.1%
10.8 6.0 8.1
OPM %
-232 bps +547 bps
17.9% 12.4% 20.2%
Other income
+91.7% +666.7%
0.2 0.0 0.1
Net profit
+43.5% +113.6%
6.4 3.0 4.5
PAT margin %
-51 bps +445 bps
10.6% 6.2% 11.1%
EPS (₹)
+41.7% +112.5%
0.34 0.16 0.24
Quality of profit
Core 97% Other income & one-offs 3%
Pre-tax profit ₹8.9 Cr: core business ₹8.6 Cr, other income ₹0.2 Cr.
Core profit YoY: +43.8%
· reported profit +43.5%
Cash & debt
FY26 cash from operations −₹7.0 Cr:
-43% of FY26 net profit of ₹16.2 Cr.
Borrowings ₹34.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹45.5 ₹60.5
+32.9% above
Net profit ₹5.3 ₹6.4
+21.8% above
M Cap ₹1,106 Cr
P/E 60.9
PEG 20.31
Into loss: a profit a year ago Profit -256% below its own trend Operating margin expanded 702 bps YoY Exceptional items of ₹-33.2 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-0.6% -4.9%
153 161 154
Operating profit
+89.0% -26.9%
22.7 31.0 12.0
OPM %
+702 bps -444 bps
14.8% 19.3% 7.8%
Other income
-77.3% +195.6%
3.0 1.0 13.0
Net profit
to loss to loss
-22.9 16.0 11.0
PAT margin %
-2207 bps -2487 bps
-14.9% 9.9% 7.1%
EPS (₹)
to loss to loss
-7.16 4.96 3.54
Quality of profit
Pre-tax profit −₹20.8 Cr: core business ₹9.5 Cr, other income ₹3.0 Cr, exceptional & other items −₹33.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹58.0 Cr:
359% of FY26 net profit of ₹16.1 Cr.
Borrowings ₹249 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹175 ₹153
-12.7% below
Net profit ₹14.7 −₹22.9
-255.8% below
M Cap ₹1,102 Cr
P/E 2.9
PEG 0.03
Into loss: a profit a year ago Profit -758% below its own trend Operating margin contracted 2627 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-3.9% +10.2%
26.6 24.2 27.7
Operating profit
to loss to loss
-1.9 5.7 5.3
OPM %
-2627 bps -3069 bps
-7.2% 23.5% 19.1%
Other income
-95.2% +9.3%
0.0 0.0 0.6
Net profit
to loss to loss
-6.2 3.1 0.7
PAT margin %
-2559 bps -3595 bps
-23.1% 12.8% 2.5%
EPS (₹)
to loss to loss
-1.23 0.62 0.14
Quality of profit
Pre-tax profit −₹5.5 Cr: core business −₹5.7 Cr, other income ₹0.0 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations −₹12.0 Cr:
-3% of FY26 net profit of ₹376 Cr.
Borrowings ₹108 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹40.2 ₹26.6
-33.7% below
Net profit ₹0.9 −₹6.2
-758.2% below
M Cap ₹1,101 Cr
P/E 9.4
PEG —
Operating margin expanded 244 bps YoY Profit grew faster than the core business (core profit +349%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+235.5% +2.3%
592 578 176
Operating profit
+346.2% -11.6%
58.1 65.8 13.0
OPM %
+244 bps -156 bps
9.8% 11.4% 7.4%
Other income
+448.8% +62.6%
15.6 9.6 2.9
Net profit?
+419.7% -0.3%
49.1 49.2 9.4
PAT margin %
+294 bps -22 bps
8.3% 8.5% 5.4%
EPS (₹)
+345.7% -0.4%
5.66 5.68 1.27
Quality of profit
Core 76% Other income & one-offs 24%
Pre-tax profit ₹64.8 Cr: core business ₹49.1 Cr, other income ₹15.6 Cr.
Core profit YoY: +349.0%
· reported profit +419.7%
M Cap ₹1,100 Cr
P/E 14.6
PEG —
Profit +27% above its own trend Operating margin expanded 145 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+17.2% +20.2%
238 198 203
Operating profit
+26.3% +26.3%
48.0 38.0 38.0
OPM %
+145 bps +98 bps
20.2% 19.2% 18.7%
Other income
-100.0% —
0.0 0.0 1.0
Net profit
+31.2% +50.0%
21.0 14.0 16.0
PAT margin %
+94 bps +175 bps
8.8% 7.1% 7.9%
EPS (₹)
+26.7% +43.7%
6.21 4.32 4.90
Quality of profit
Core 96% Other income & one-offs 4%
Pre-tax profit ₹28.0 Cr: core business ₹27.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +28.6%
· reported profit +31.2%
Cash & debt
FY26 cash from operations ₹125 Cr:
173% of FY26 net profit of ₹72.4 Cr.
Borrowings ₹215 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹228 ₹238
+4.4% in line
Net profit ₹16.6 ₹21.0
+26.7% above
M Cap ₹1,099 Cr
P/E 11.4
PEG 1.62
Operating margin contracted 252 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.2% +12.4%
187 166 168
Operating profit
-6.4% +6.0%
25.0 23.6 26.7
OPM %
-252 bps -82 bps
13.4% 14.2% 15.9%
Other income
loss narrowed to loss
-4.0 15.1 -6.9
Net profit
+3.7% -58.0%
12.0 28.6 11.6
PAT margin %
-47 bps -1078 bps
6.4% 17.2% 6.9%
EPS (₹)
+0.5% -59.3%
5.81 14.28 5.78
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹21.0 Cr, other income −₹4.0 Cr.
Core profit YoY: -9.2%
· reported profit +3.7%
Cash & debt
FY26 cash from operations ₹106 Cr:
120% of FY26 net profit of ₹88.3 Cr.
Borrowings ₹4.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹183 ₹187
+2.0% in line
Net profit ₹11.2 ₹12.0
+7.5% in line
M Cap ₹1,099 Cr
P/E 55.5
PEG 11.09
Profit +36% above its own trend Operating margin expanded 106 bps YoY 74% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +1%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+54.0% -2.6%
57.3 58.9 37.2
Operating profit
+84.4% -38.3%
3.7 6.0 2.0
OPM %
+106 bps -370 bps
6.4% 10.1% 5.4%
Other income
+64.8% +23.4%
3.1 2.6 1.9
Net profit?
+44.9% -29.8%
3.3 4.8 2.3
PAT margin %
-37 bps -226 bps
5.8% 8.1% 6.2%
EPS (₹)
+33.3% -31.0%
0.40 0.58 0.30
Quality of profit
Core 26% Other income & one-offs 74%
Pre-tax profit ₹4.3 Cr: core business ₹1.1 Cr, other income ₹3.1 Cr.
Core profit YoY: +0.7%
· reported profit +44.9%
Cash & debt
FY26 cash from operations ₹18.0 Cr:
109% of FY26 net profit of ₹16.5 Cr.
Borrowings ₹33.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹44.4 ₹57.3
+29.2% above
Net profit ₹2.5 ₹3.3
+35.9% above
M Cap ₹1,093 Cr
P/E 8.0
PEG 0.61
Profit +96% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.1% +1.9%
419 411 399
Operating profit
+4.4% -12.9%
61.0 70.0 58.4
OPM %
-9 bps -247 bps
14.6% 17.0% 14.7%
Other income
-7.9% +25.0%
5.0 4.0 5.4
Net profit
+144.3% -13.2%
33.0 38.0 13.5
PAT margin %
+449 bps -137 bps
7.9% 9.2% 3.4%
EPS (₹)
+131.5% -14.5%
2.13 2.49 0.92
Quality of profit
Core 89% Other income & one-offs 11%
Pre-tax profit ₹44.0 Cr: core business ₹39.0 Cr, other income ₹5.0 Cr.
Core profit YoY: +14.6%
· reported profit +144.3%
Cash & debt
FY26 cash from operations ₹323 Cr:
229% of FY26 net profit of ₹141 Cr.
Borrowings ₹361 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹477 ₹419
-12.1% below
Net profit ₹16.9 ₹33.0
+95.7% above
Exceptional items of ₹16.1 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.2% +2.5%
800 780 733
Operating profit
+7.3% +0.4%
87.9 87.5 81.9
OPM %
-20 bps -23 bps
11.0% 11.2% 11.2%
Other income
from loss +53.3%
5.2 3.4 -23.2
Net profit?
loss widened loss widened
-5.0 -2.0 -1.4
PAT margin %
-44 bps -36 bps
-0.6% -0.3% -0.2%
EPS (₹)
— loss widened
-0.85 -0.51 —
Quality of profit
Pre-tax profit −₹4.1 Cr: core business ₹6.8 Cr, other income ₹5.2 Cr, exceptional & other items −₹16.1 Cr.
Core profit YoY: -69.8%
M Cap ₹1,092 Cr
P/E 23.6
PEG —
Profit -97% below its own trend Operating margin contracted 2109 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
-48.0% -37.2%
46.8 74.5 89.9
Operating profit
-98.6% -98.3%
0.3 16.4 19.5
OPM %
-2109 bps -2141 bps
0.6% 22.0% 21.7%
Other income
+120.8% -12.8%
2.2 2.5 1.0
Net profit
-94.1% -94.3%
0.8 14.2 13.8
PAT margin %
-1364 bps -1735 bps
1.7% 19.1% 15.4%
EPS (₹)
-94.0% -93.8%
0.05 0.80 0.84
Quality of profit
Pre-tax profit ₹1.0 Cr: core business −₹1.2 Cr, other income ₹2.2 Cr.
Core profit YoY: to loss
· reported profit -94.1%
Against its own trend ?
Trend Actual Gap
Sales ₹148 ₹46.8
-68.4% below
Net profit ₹27.7 ₹0.8
-97.0% 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