Flash Finance

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 13 Oct 2026, 15:48 IST 5115 declared
The next results season has started: 36 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
-4.8%
median; 37% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs

Latest Q4 FY26 results 5115

Page 5 of 171

Vedanta Aluminium Metal Limited

VAML · Aluminium · Q4 FY26 · Consolidated
M Cap
₹1,45,820 Cr
P/E
—
PEG
—
₹ Cr Mar 2026
Sales 19,124
Operating profit 8,352
OPM % 43.7%
Other income 47.0
Net profit? 4,958
PAT margin % 25.9%
EPS (₹) 420700.00

Dec 2025 and Mar 2025 are not on record for this company, so there is nothing to compare with yet.

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹6,726 Cr: core business ₹6,679 Cr, other income ₹47.0 Cr.

📊 Investor presentation (30 Jul) Detailed financials →

ABB India Limited

ABB · Electrical Equipment · Q4 FY26 · Standalone
M Cap
₹1,45,274 Cr
P/E
48.5
PEG
—
  • Profit +329% above its own trend
  • Operating margin contracted 579 bps YoY
  • 81% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -31%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +5.8%-7.0% 3,1843,4233,010
Operating profit -27.1%-25.3% 408546560
OPM % -579 bps-314 bps 12.8%16.0%18.6%
Other income —— 1,54189.0110
Net profit +275.6%+312.0% 1,784433475
PAT margin % +4025 bps+4338 bps 56.0%12.6%15.8%
EPS (₹) +275.8%+312.0% 84.1720.4322.40

Quality of profit

Core 19%Other income & one-offs 81%

Pre-tax profit ₹1,904 Cr: core business ₹362 Cr, other income ₹1,541 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -30.5% · reported profit +275.6%

Cash & debt

Borrowings ₹85.0 Cr at Dec 2025.

Against its own trend ?

TrendActualGap
Sales₹3,219₹3,184 -1.1% in line
Net profit₹416₹1,784 +329.3% above
📊 Investor presentation (31 Jul) Detailed financials →

Jio Financial Services Limited

JIOFIN · NBFC & Finance Companies · Q4 FY26 · Consolidated
M Cap
₹1,40,944 Cr
P/E
—
PEG
—
  • Profit -15% below its own trend
  • Operating margin contracted 916 bps YoY
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +106.5%+13.1% 1,019901493
Operating profit +78.9%+9.0% 605555338
OPM % -916 bps-223 bps 59.4%61.6%68.5%
Other income -98.3%-96.7% 1.236.171.2
Net profit? -13.9%+1.2% 272269316
PAT margin % -3736 bps-313 bps 26.7%29.9%64.1%
EPS (₹) -14.0%+2.4% 0.430.420.50

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹339 Cr: core business ₹299 Cr, other income ₹1.2 Cr, exceptional & other items ₹38.8 Cr.

Core profit YoY: -8.0% · reported profit -13.9%

Cash & debt

FY26 cash from operations −₹15,439 Cr: -989% of FY26 net profit of ₹1,561 Cr.

Borrowings ₹21,768 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹711₹1,019 +43.4% above
Net profit₹320₹272 -15.0% below
📊 Investor presentation (16 Jul) Detailed financials →

Hitachi Energy India Limited

POWERINDIA · Electrical Equipment · Q4 FY26 · Standalone
M Cap
₹1,39,467 Cr
P/E
121.4
PEG
0.99
  • Profit -10% below its own trend
  • Operating margin expanded 247 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +46.2%+32.3% 2,7542,0821,884
Operating profit +74.8%+20.6% 416345238
OPM % +247 bps-147 bps 15.1%16.6%12.6%
Other income +50.0%+78.1% 57.032.038.0
Net profit +79.3%+26.4% 330261184
PAT margin % +222 bps-55 bps 12.0%12.5%9.8%
EPS (₹) +79.7%+26.4% 74.1458.6541.26

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹443 Cr: core business ₹386 Cr, other income ₹57.0 Cr.

Core profit YoY: +84.7% · reported profit +79.3%

Cash & debt

FY26 cash from operations ₹1,245 Cr: 126% of FY26 net profit of ₹987 Cr.

Borrowings ₹86.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,161₹2,754 +27.5% above
Net profit₹368₹330 -10.3% below
📊 Investor presentation (16 Sep) Detailed financials →

Vodafone Idea Limited

IDEA · Telecom Services · Q4 FY26 · Consolidated
M Cap
₹1,37,271 Cr
P/E
3.7
PEG
0.61
  • Turnaround: profit against a loss a year ago
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +2.9%+0.1% 11,33211,32311,015
Operating profit +4.9%+1.5% 4,8894,8174,659
OPM % +85 bps+60 bps 43.1%42.5%42.3%
Other income —— 57,5951,271216
Net profit? from lossfrom loss 51,970-5,286-7,167
EPS (₹) from lossfrom loss 4.80-0.49-1.00

Quality of profit

Pre-tax profit ₹51,976 Cr: core business −₹5,619 Cr, other income ₹57,595 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations ₹19,411 Cr: 56% of FY26 net profit of ₹34,552 Cr.

Borrowings ₹1,92,528 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹11,359₹11,332 -0.2% in line
📊 Investor presentation (15 Sep) Detailed financials →

CG Power and Industrial Solutions Limited

CGPOWER · Electrical Equipment · Q4 FY26 · Consolidated
M Cap
₹1,36,670 Cr
P/E
110.3
PEG
11.03
  • Profit +12% above its own trend
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +25.0%+8.4% 3,4423,1752,753
Operating profit +34.4%+17.3% 466397347
OPM % +94 bps+103 bps 13.5%12.5%12.6%
Other income +10.6%+3.4% 79.076.471.4
Net profit? +32.4%+27.9% 363284274
PAT margin % +58 bps+161 bps 10.5%8.9%10.0%
EPS (₹) +30.3%+28.2% 2.321.811.78

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹492 Cr: core business ₹413 Cr, other income ₹79.0 Cr.

Core profit YoY: +32.3% · reported profit +32.4%

Cash & debt

FY26 cash from operations ₹702 Cr: 59% of FY26 net profit of ₹1,198 Cr.

Borrowings ₹118 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,466₹3,442 -0.7% in line
Net profit₹325₹363 +11.9% above
Detailed financials →

Cholamandalam Investment and Finance Company Limited

CHOLAFIN · NBFC & Finance Companies · Q4 FY26 · Consolidated
M Cap
₹1,34,994 Cr
P/E
23.5
PEG
0.94
  • Gross NPA up 39 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +20.0%+6.9% 8,5658,0097,137
Net interest income —+9.7% 4,6644,252—
Other income —+33.3% 148111—
Net profit? +30.6%+27.5% 1,6451,2901,260
EPS (₹) +28.9%+26.4% 19.3115.2814.98
Gross NPA % +39 bps-27 bps 4.4%4.6%4.0%
Net NPA % +24 bps-26 bps 2.9%3.1%2.6%

Against its own trend ?

TrendActualGap
Net profit₹1,501₹1,645 +9.6% in line
📊 Investor presentation (28 Jul) Detailed financials →

Cummins India Limited

CUMMINSIND · Pumps, Compressors & Engines · Q4 FY26 · Consolidated
M Cap
₹1,34,026 Cr
P/E
56.6
PEG
2.18
  • 31% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +21.9%-1.4% 3,0113,0552,470
Operating profit +22.3%+1.2% 642634525
OPM % +7 bps+55 bps 21.3%20.8%21.3%
Other income +21.2%+126.8% 263116217
Net profit? +22.5%+33.5% 649486530
PAT margin % +10 bps+564 bps 21.6%15.9%21.5%
EPS (₹) +22.7%+33.7% 23.4317.5319.10

Quality of profit

Core 69%Other income & one-offs 31%

Pre-tax profit ₹852 Cr: core business ₹589 Cr, other income ₹263 Cr.

Core profit YoY: +24.3% · reported profit +22.5%

Cash & debt

FY26 cash from operations ₹1,734 Cr: 73% of FY26 net profit of ₹2,361 Cr.

Borrowings ₹37.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,840₹3,011 +6.0% above
Net profit₹607₹649 +7.0% in line
📊 Investor presentation (27 May) Detailed financials →

Punjab National Bank

PNB · Public Sector Banks · Q4 FY26 · Consolidated
M Cap
₹1,33,318 Cr
P/E
6.0
PEG
0.08
  • Gross NPA down 100 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income -1.1%-2.7% 36,87837,90337,299
Net interest income -2.8%-1.4% 10,57910,72510,883
Other income -14.6%-18.6% 4,0805,0134,776
Net profit? +11.8%+0.8% 5,6025,5565,011
EPS (₹) +12.2%+0.8% 4.874.834.34
Gross NPA % -100 bps-24 bps 3.0%3.2%4.0%
Net NPA % -11 bps-3 bps 0.3%0.3%0.4%

Against its own trend ?

TrendActualGap
NII₹10,951₹10,579 -3.4% in line
Net profit₹5,601₹5,602 +0.0% in line
📊 Investor presentation (19 Aug) Detailed financials →

Bosch Limited

BOSCHLTD · Auto Components · Q4 FY26 · Consolidated
M Cap
₹1,31,508 Cr
P/E
55.6
PEG
3.09
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +13.3%+13.9% 5,5664,8864,911
Operating profit +20.9%+27.7% 782612647
OPM % +88 bps+151 bps 14.0%12.5%13.2%
Other income -34.1%-22.0% 156200237
Net profit? +3.0%+7.0% 570533554
PAT margin % -103 bps-66 bps 10.2%10.9%11.3%
EPS (₹) +3.0%+7.0% 193.26180.58187.66

Quality of profit

Core 81%Other income & one-offs 19%

Pre-tax profit ₹808 Cr: core business ₹652 Cr, other income ₹156 Cr.

Core profit YoY: +20.4% · reported profit +3.0%

Cash & debt

FY26 cash from operations ₹2,175 Cr: 78% of FY26 net profit of ₹2,773 Cr.

Borrowings ₹119 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5,410₹5,566 +2.9% in line
Net profit₹608₹570 -6.2% in line
📊 Investor presentation (10 Aug) Detailed financials →

Union Bank of India

UNIONBANK · Public Sector Banks · Q4 FY26 · Consolidated
M Cap
₹1,30,787 Cr
P/E
6.3
PEG
0.20
  • Gross NPA down 78 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income -4.2%+2.1% 32,67532,00234,092
Net interest income +0.5%+2.3% 9,6719,4499,624
Other income -3.6%+15.7% 5,9995,1836,223
Net profit? +9.8%+8.5% 5,5045,0735,011
EPS (₹) +9.9%+8.4% 7.216.656.56
Gross NPA % -78 bps-24 bps 2.8%3.1%3.6%
Net NPA % -15 bps-3 bps 0.5%0.5%0.6%

Against its own trend ?

TrendActualGap
NII₹9,555₹9,671 +1.2% in line
Net profit₹5,796₹5,504 -5.0% in line
📊 Investor presentation (21 Aug) Detailed financials →

Tech Mahindra Limited

TECHM · IT Services & Software · Q4 FY26 · Consolidated
M Cap
₹1,30,316 Cr
P/E
25.2
PEG
25.24
  • Operating margin expanded 327 bps YoY
  • Core business grew faster than reported profit (core profit +54%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +12.6%+4.7% 15,07614,39313,384
Operating profit +39.4%+8.4% 2,5652,3661,840
OPM % +327 bps+58 bps 17.0%16.4%13.7%
Other income to lossloss widened -205-20.8173
Net profit? +18.7%+21.2% 1,3561,1191,142
PAT margin % +46 bps+122 bps 9.0%7.8%8.5%
EPS (₹) +4.9%+9.2% 13.8212.6613.17

Quality of profit

Pre-tax profit ₹1,791 Cr: core business ₹1,995 Cr, other income −₹205 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +54.3% · reported profit +18.7%

Cash & debt

FY26 cash from operations ₹6,172 Cr: 128% of FY26 net profit of ₹4,805 Cr.

Borrowings ₹2,186 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹13,993₹15,076 +7.7% above
Net profit₹1,391₹1,356 -2.5% in line
📊 Investor presentation (16 Jul) Detailed financials →

Siemens Limited

SIEMENS · Electrical Equipment · Q4 FY26 · Consolidated
M Cap
₹1,30,126 Cr
P/E
43.3
PEG
2.70
  • Operating margin contracted 136 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +8.4%— 4,6182514,259
Operating profit -5.0%— 44412.0468
OPM % -136 bps+483 bps 9.6%4.8%11.0%
Other income -23.4%+510.5% 11619.0152
Net profit? -36.5%— 3709.0582
PAT margin % -566 bps+442 bps 8.0%3.6%13.7%
EPS (₹) -36.5%+33.4% 10.397.7916.36

Quality of profit

Core 75%Other income & one-offs 25%

Pre-tax profit ₹472 Cr: core business ₹356 Cr, other income ₹116 Cr.

Core profit YoY: -10.2% · reported profit -36.5%

Cash & debt

Borrowings ₹310 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,282₹4,618 +40.7% above
Net profit₹381₹370 -2.9% in line
Detailed financials →

Polycab India Limited

POLYCAB · Cables & Wires · Q4 FY26 · Consolidated
M Cap
₹1,26,609 Cr
P/E
43.6
PEG
1.61
  • Profit -25% below its own trend
  • Operating margin contracted 157 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +26.9%+16.1% 8,8647,6366,986
Operating profit +13.3%+20.2% 1,1619661,025
OPM % -157 bps+45 bps 13.1%12.7%14.7%
Other income +25.0%+20.0% 60.050.048.0
Net profit? +7.1%+24.8% 786630734
PAT margin % -164 bps+62 bps 8.9%8.3%10.5%
EPS (₹) +6.3%+24.3% 51.3341.3048.31

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹1,049 Cr: core business ₹988 Cr, other income ₹60.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +8.3% · reported profit +7.1%

Cash & debt

FY26 cash from operations ₹3,811 Cr: 141% of FY26 net profit of ₹2,709 Cr.

Borrowings ₹236 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹8,755₹8,864 +1.2% in line
Net profit₹1,046₹786 -24.9% below
Detailed financials →

Bank of Baroda Limited

BANKBARODA · Public Sector Banks · Q4 FY26 · Consolidated
M Cap
₹1,21,734 Cr
P/E
6.7
PEG
0.67
  • Gross NPA down 37 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +0.2%-0.0% 39,98839,99939,896
Net interest income +13.8%+5.6% 13,73813,01412,072
Other income -27.5%-14.5% 5,4746,3997,551
Net profit? +8.3%+7.9% 5,8725,4435,420
EPS (₹) +7.1%+6.6% 11.2210.5310.48
Gross NPA % -37 bps-15 bps 1.9%2.0%2.3%
Net NPA % -13 bps-12 bps 0.5%0.6%0.6%

Against its own trend ?

TrendActualGap
NII₹12,313₹13,738 +11.6% above
Net profit₹5,427₹5,872 +8.2% in line
Detailed financials →

Bharat Petroleum Corporation Limited

BPCL · Refineries & Oil Marketing · Q4 FY26 · Consolidated
M Cap
₹1,21,555 Cr
P/E
7.1
PEG
0.07
  • Profit -36% below its own trend
  • Operating margin expanded 202 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -6.5%-13.1% 1,18,7011,36,6531,26,916
Operating profit +24.5%-17.6% 9,63411,6877,737
OPM % +202 bps-44 bps 8.1%8.6%6.1%
Other income +16.8%+45.6% 940646805
Net profit? +28.1%-21.7% 5,6257,1884,392
PAT margin % +128 bps-52 bps 4.7%5.3%3.5%
EPS (₹) +26.1%-22.9% 12.9616.8210.28

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹7,838 Cr: core business ₹6,898 Cr, other income ₹940 Cr.

Core profit YoY: +42.6% · reported profit +28.1%

Cash & debt

FY26 cash from operations ₹50,769 Cr: 196% of FY26 net profit of ₹25,843 Cr.

Borrowings ₹54,424 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,25,766₹1,18,701 -5.6% below
Net profit₹8,784₹5,625 -36.0% below
📊 Investor presentation (22 Jul) Detailed financials →

HDFC Life Insurance Company Limited

HDFCLIFE · NBFC & Finance Companies · Q4 FY26 · Consolidated
M Cap
₹1,21,472 Cr
P/E
61.5
PEG
5.13
  • Operating margin contracted 102 bps YoY
  • 80% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -71%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -17.8%-32.4% 19,89029,42824,191
Operating profit -71.4%-60.1% 108271377
OPM % -102 bps-38 bps 0.5%0.9%1.6%
Other income +245.2%+146.0% 428174124
Net profit? +4.6%+18.9% 497418475
PAT margin % +54 bps+108 bps 2.5%1.4%2.0%
EPS (₹) +4.5%+19.1% 2.311.942.21

Quality of profit

Core 20%Other income & one-offs 80%

Pre-tax profit ₹537 Cr: core business ₹108 Cr, other income ₹428 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -71.4% · reported profit +4.6%

Cash & debt

FY26 cash from operations ₹22,625 Cr: 1184% of FY26 net profit of ₹1,911 Cr.

Borrowings ₹3,099 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹48,382₹19,890 -58.9% below
Net profit₹516₹497 -3.7% in line
Detailed financials →

LTIMindtree Limited

LTM · IT Services & Software · Q4 FY26 · Consolidated
M Cap
₹1,19,145 Cr
P/E
22.9
PEG
—
  • Profit +15% above its own trend
  • Operating margin expanded 114 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +15.6%+4.7% 11,29210,7819,772
Operating profit +23.6%-1.5% 1,9732,0031,596
OPM % +114 bps-111 bps 17.5%18.6%16.3%
Other income -5.7%from loss 237-363251
Net profit? +22.9%+44.5% 1,3879601,129
PAT margin % +73 bps+338 bps 12.3%8.9%11.5%
EPS (₹) +23.3%+43.4% 46.9632.7438.10

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹1,881 Cr: core business ₹1,644 Cr, other income ₹237 Cr.

Core profit YoY: +28.6% · reported profit +22.9%

Against its own trend ?

TrendActualGap
Sales₹10,752₹11,292 +5.0% above
Net profit₹1,201₹1,387 +15.5% above
📊 Investor presentation (11 Jul) Detailed financials →

LG Electronics India Limited

LGEINDIA · Consumer Durables & Appliances · Q4 FY26 · Standalone
M Cap
₹1,17,611 Cr
P/E
64.4
PEG
8.06
  • Profit +65% above its own trend
  • Operating margin contracted 234 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +8.1%+95.8% 8,0544,1147,448
Operating profit -9.8%+382.1% 9451961,048
OPM % -234 bps+697 bps 11.7%4.8%14.1%
Other income +50.7%+32.9% 10176.067.0
Net profit -8.2%+670.0% 69390.0755
PAT margin % -153 bps+642 bps 8.6%2.2%10.1%
EPS (₹) -8.2%+673.5% 10.211.3211.12

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹931 Cr: core business ₹829 Cr, other income ₹101 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -12.0% · reported profit -8.2%

Cash & debt

FY26 cash from operations ₹1,721 Cr: 102% of FY26 net profit of ₹1,685 Cr.

Borrowings ₹459 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹7,246₹8,054 +11.2% above
Net profit₹420₹693 +65.1% above
📊 Investor presentation (13 Aug) Detailed financials →

Britannia Industries Limited

BRITANNIA · Packaged Foods & Food Processing · Q4 FY26 · Consolidated
M Cap
₹1,15,003 Cr
P/E
44.1
PEG
5.51
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +6.5%-5.1% 4,7194,9704,432
Operating profit +4.1%-14.6% 834977801
OPM % -40 bps-198 bps 17.7%19.7%18.1%
Other income -12.7%-6.8% 55.059.063.0
Net profit? +21.6%-0.3% 680682559
PAT margin % +180 bps+69 bps 14.4%13.7%12.6%
EPS (₹) +21.1%-0.2% 28.1628.2323.25

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹785 Cr: core business ₹730 Cr, other income ₹55.0 Cr.

Core profit YoY: +6.0% · reported profit +21.6%

Cash & debt

FY26 cash from operations ₹2,612 Cr: 103% of FY26 net profit of ₹2,537 Cr.

Borrowings ₹1,380 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,808₹4,719 -1.8% in line
Net profit₹618₹680 +9.9% in line
📊 Investor presentation (07 Aug) Detailed financials →

Zydus Lifesciences Limited

ZYDUSLIFE · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹1,13,157 Cr
P/E
22.3
PEG
0.70
  • Profit +13% above its own trend
  • Operating margin expanded 110 bps YoY
  • FY26 operating cash flow was only 42% of profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +16.2%+10.5% 7,5876,8646,528
Operating profit +20.2%+40.6% 2,5541,8162,126
OPM % +110 bps+721 bps 33.7%26.5%32.6%
Other income to lossto loss -26326.080.6
Net profit? +14.5%+31.1% 1,3411,0231,171
PAT margin % -26 bps+277 bps 17.7%14.9%17.9%
EPS (₹) +8.7%+22.1% 12.6510.3611.64

Quality of profit

Pre-tax profit ₹1,660 Cr: core business ₹1,923 Cr, other income −₹263 Cr.

Core profit YoY: +6.2% · reported profit +14.5%

Cash & debt

FY26 cash from operations ₹2,117 Cr: 42% of FY26 net profit of ₹5,070 Cr.

Borrowings ₹12,496 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹7,666₹7,587 -1.0% in line
Net profit₹1,189₹1,341 +12.8% above
📊 Investor presentation (23 Aug) Detailed financials →

Lenskart Solutions Limited

LENSKART · Retail · Q4 FY26 · Consolidated
M Cap
₹1,12,287 Cr
P/E
168.1
PEG
—
  • Operating margin expanded 441 bps YoY
  • Core business grew faster than reported profit (core profit +603%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +45.6%+9.0% 2,5162,3081,728
Operating profit +83.6%+15.5% 536464292
OPM % +441 bps+119 bps 21.3%20.1%16.9%
Other income -76.9%+21.4% 49.040.4212
Net profit? -7.3%+53.7% 204133220
PAT margin % -462 bps+236 bps 8.1%5.8%12.7%
EPS (₹) -59.5%+49.4% 1.150.772.84

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹254 Cr: core business ₹204 Cr, other income ₹49.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +603.4% · reported profit -7.3%

Detailed financials →

Laurus Labs Limited

LAURUSLABS · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹1,11,801 Cr
P/E
102.5
PEG
25.63
  • Profit -40% below its own trend
  • Operating margin expanded 381 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +5.3%+1.9% 1,8121,7781,720
Operating profit +21.7%+6.6% 512480421
OPM % +381 bps+125 bps 28.3%27.0%24.4%
Other income -79.5%+108.3% 12.05.858.6
Net profit? +20.6%+12.0% 282252234
PAT margin % +197 bps+140 bps 15.6%14.2%13.6%
EPS (₹) +19.1%+10.7% 5.174.674.34

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹361 Cr: core business ₹350 Cr, other income ₹12.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +37.9% · reported profit +20.6%

Cash & debt

FY26 cash from operations ₹1,624 Cr: 182% of FY26 net profit of ₹890 Cr.

Borrowings ₹2,518 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,211₹1,812 -18.0% below
Net profit₹468₹282 -39.7% below
📊 Investor presentation (18 Sep) Detailed financials →

Apollo Hospitals Enterprise Limited

APOLLOHOSP · Hospitals & Healthcare Services · Q4 FY26 · Consolidated
M Cap
₹1,11,793 Cr
P/E
55.8
PEG
1.64
  • Operating margin expanded 154 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +18.1%+2.0% 6,6066,4775,592
Operating profit +31.3%+4.7% 1,011965770
OPM % +154 bps+40 bps 15.3%14.9%13.8%
Other income -11.6%+2.3% 54.052.861.1
Net profit? +32.9%+6.7% 551516414
PAT margin % +93 bps+37 bps 8.3%8.0%7.4%
EPS (₹) +35.8%+5.4% 36.8134.9427.10

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹722 Cr: core business ₹668 Cr, other income ₹54.0 Cr.

Core profit YoY: +50.5% · reported profit +32.9%

Cash & debt

FY26 cash from operations ₹2,856 Cr: 143% of FY26 net profit of ₹2,002 Cr.

Borrowings ₹8,493 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹6,375₹6,606 +3.6% in line
Net profit₹572₹551 -3.7% in line
📊 Investor presentation (12 Aug) Detailed financials →

Power Finance Corporation Limited

PFC · NBFC & Finance Companies · Q4 FY26 · Consolidated
M Cap
₹1,11,510 Cr
P/E
3.3
PEG
0.18
  • Gross NPA down 98 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income -1.5%-1.0% 28,85729,14129,285
Net interest income —— 11,587——
Other income —— -63.0——
Net profit? +2.9%+4.7% 8,5988,2128,358
EPS (₹) +10.8%+11.2% 21.2119.0719.14
Gross NPA % -98 bps-60 bps 0.7%1.3%1.6%
Net NPA % -25 bps-10 bps 0.1%0.2%0.4%

Against its own trend ?

TrendActualGap
Net profit₹9,160₹8,598 -6.1% in line
Detailed financials →

Tata Power Company Limited

TATAPOWER · Power Generation & Utilities · Q4 FY26 · Consolidated
M Cap
₹1,09,824 Cr
P/E
20.9
PEG
3.48
  • Operating margin contracted 154 bps YoY
  • 99% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -97%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -12.8%+6.8% 14,90013,94817,096
Operating profit -19.9%-14.9% 2,5993,0553,246
OPM % -154 bps-446 bps 17.4%21.9%19.0%
Other income +405.0%+452.9% 1,773321351
Net profit? +8.4%+18.6% 1,4161,1941,306
PAT margin % +186 bps+94 bps 9.5%8.6%7.6%
EPS (₹) -4.3%+29.5% 3.122.413.26

Quality of profit

Core 1%Other income & one-offs 99%

Pre-tax profit ₹1,797 Cr: core business ₹24.0 Cr, other income ₹1,773 Cr.

Core profit YoY: -97.4% · reported profit +8.4%

Cash & debt

FY26 cash from operations ₹5,993 Cr: 117% of FY26 net profit of ₹5,118 Cr.

Borrowings ₹76,141 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹17,379₹14,900 -14.3% below
Net profit₹1,438₹1,416 -1.5% in line
📊 Investor presentation (27 Jul) Detailed financials →

GAIL (India) Limited

GAIL · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹1,09,745 Cr
P/E
11.1
PEG
1.11
  • Profit -21% below its own trend
  • Operating margin contracted 559 bps YoY
  • 64% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -72%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -2.7%+1.1% 35,57735,17336,551
Operating profit -58.9%-50.4% 1,4532,9273,535
OPM % -559 bps-424 bps 4.1%8.3%9.7%
Other income +86.0%+83.0% 1,250683672
Net profit? -40.9%-14.3% 1,4811,7292,506
PAT margin % -269 bps-75 bps 4.2%4.9%6.9%
EPS (₹) -40.4%-15.4% 2.262.673.79

Quality of profit

Core 36%Other income & one-offs 64%

Pre-tax profit ₹1,966 Cr: core business ₹716 Cr, other income ₹1,250 Cr.

Core profit YoY: -72.1% · reported profit -40.9%

Cash & debt

FY26 cash from operations ₹11,249 Cr: 148% of FY26 net profit of ₹7,581 Cr.

Borrowings ₹24,831 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹37,741₹35,577 -5.7% below
Net profit₹1,864₹1,481 -20.5% below
📊 Investor presentation (31 Jul) Detailed financials →

Indian Bank

INDIANB · Public Sector Banks · Q4 FY26 · Consolidated
M Cap
₹1,09,656 Cr
P/E
8.6
PEG
0.31
  • Gross NPA down 111 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +7.8%+1.8% 20,26119,89518,794
Net interest income +11.3%+3.1% 7,1166,8996,393
Other income -5.5%-0.7% 2,7732,7932,935
Net profit? +6.5%+0.9% 3,1743,1472,982
EPS (₹) +6.4%+0.9% 23.5623.3622.14
Gross NPA % -111 bps-25 bps 2.0%2.2%3.1%
Net NPA % -4 bps+0 bps 0.1%0.1%0.2%

Against its own trend ?

TrendActualGap
NII₹6,780₹7,116 +5.0% in line
Net profit₹3,267₹3,174 -2.9% in line
📊 Investor presentation (19 Aug) Detailed financials →

GE Vernova T&D India Limited

GVT&D · Electrical Equipment · Q4 FY26 · Standalone
M Cap
₹1,08,922 Cr
P/E
83.5
PEG
0.17
  • Operating margin expanded 533 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +42.0%-3.8% 1,6371,7011,153
Operating profit +76.6%-2.2% 445455252
OPM % +533 bps+43 bps 27.2%26.7%21.9%
Other income +104.8%from loss 43.0-51.021.0
Net profit +89.2%+21.0% 352291186
PAT margin % +537 bps+440 bps 21.5%17.1%16.1%
EPS (₹) +88.7%+21.0% 13.7411.367.28

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹469 Cr: core business ₹426 Cr, other income ₹43.0 Cr.

Core profit YoY: +81.3% · reported profit +89.2%

Cash & debt

FY26 cash from operations ₹1,710 Cr: 139% of FY26 net profit of ₹1,233 Cr.

Borrowings ₹24.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,601₹1,637 +2.3% in line
Net profit₹372₹352 -5.4% in line
📊 Investor presentation (17 Sep) Detailed financials →

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.

Results calendarWho reports results today, tomorrow and this week. Strong quarterly resultsCompanies whose latest quarter showed profit up 30% or more. Live announcementsEvery NSE/BSE filing with an AI read, as it arrives. Company fundamentalsTen years of quarterly and annual financials.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI