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
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 50 of 171
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
M Cap ₹1,030 Cr
P/E 7.5
PEG —
Into loss: a profit a year ago Operating margin contracted 433 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+719.2% +34.1%
8,708 6,495 1,063 Operating profit
-66.7% -63.6%
16.0 44.0 48.0 OPM %
-433 bps -49 bps
0.2% 0.7% 4.5% Other income
+0.0% +0.0%
1.0 1.0 1.0 Net profit?
to loss to loss -4.0 34.0 30.0 PAT margin %
-287 bps -57 bps
-0.0% 0.5% 2.8% EPS (₹)
to loss to loss -0.76 6.33 5.61
Quality of profit
Pre-tax profit ₹4.0 Cr: core business ₹3.0 Cr, other income ₹1.0 Cr.
Core profit YoY: -90.9%
M Cap ₹1,029 Cr
P/E 132.1
PEG —
Profit +76% above its own trend 67% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -58%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.1% +10.3%
42.2 38.3 39.1 Operating profit
+14.1% +16.4%
3.5 3.0 3.1 OPM %
+44 bps +44 bps
8.4% 8.0% 8.0% Other income
from loss +44.3%
1.8 1.2 -0.8 Net profit
+109.9% +49.5%
2.8 1.8 1.3 PAT margin %
+316 bps +170 bps
6.5% 4.8% 3.4% EPS (₹)
+110.9% +48.7%
1.16 0.78 0.55
Quality of profit
Pre-tax profit ₹2.6 Cr: core business ₹0.9 Cr, other income ₹1.8 Cr.
Core profit YoY: -58.5%
· reported profit +109.9%
Cash & debt
FY26 cash from operations ₹15.0 Cr:
135% of FY26 net profit of ₹11.1 Cr.
Borrowings ₹37.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹38.7 ₹42.2
+9.0% above Net profit ₹1.6 ₹2.8
+76.3% above
M Cap ₹1,018 Cr
P/E 189.9
PEG —
Into loss: a profit a year ago Profit -999% below its own trend Operating margin contracted 2500 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+150.0% +0.0%
30.0 30.0 12.0 Operating profit
to loss to loss -5.0 4.0 1.0 OPM %
-2500 bps -3000 bps
-16.7% 13.3% 8.3% Other income
— —
-11.0 0.0 0.0 Net profit?
to loss to loss -13.0 2.0 1.0 PAT margin %
-5167 bps -5000 bps
-43.3% 6.7% 8.3% EPS (₹)
to loss to loss -3.90 0.62 0.23
Quality of profit
Pre-tax profit −₹18.0 Cr: core business −₹6.0 Cr, other income −₹11.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations −₹2.0 Cr:
-15% of FY26 net profit of ₹13.0 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹14.8 ₹30.0
+103.1% above Net profit ₹0.7 −₹13.0
-999.0% below
M Cap ₹1,016 Cr
P/E 70.7
PEG —
Profit +999% above its own trend Operating margin expanded 321 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-3.2% +16.8%
117 100 121 Operating profit
+81.7% +92.6%
8.0 4.2 4.4 OPM %
+321 bps +270 bps
6.9% 4.2% 3.7% Other income
+125.0% from loss 0.5 -0.6 0.2 Net profit
+525.4% from loss 3.7 -0.1 0.6 PAT margin %
+267 bps +326 bps
3.2% -0.1% 0.5% EPS (₹)
+528.9% from loss 2.83 -0.08 0.45
Quality of profit
Pre-tax profit ₹4.7 Cr: core business ₹4.2 Cr, other income ₹0.5 Cr.
Core profit YoY: +381.6%
· reported profit +525.4%
Cash & debt
FY26 cash from operations ₹42.0 Cr:
759% of FY26 net profit of ₹5.5 Cr.
Borrowings ₹84.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹96.6 ₹117
+21.1% above Net profit ₹0.3 ₹3.7
+999.0% above
M Cap ₹1,016 Cr
P/E 14.0
PEG 0.14
Profit -94% below its own trend Operating margin contracted 1539 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-20.0% -58.1%
29.3 69.9 36.6 Operating profit
-54.2% -81.6%
6.0 32.8 13.2 OPM %
-1539 bps -2628 bps
20.6% 46.9% 36.0% Other income
— —
0.0 0.0 0.0 Net profit?
-97.1% -98.8%
0.2 20.1 8.5 PAT margin %
-2236 bps -2783 bps
0.9% 28.7% 23.2% EPS (₹)
-96.7% -98.6%
0.04 2.84 1.20
Quality of profit
Pre-tax profit ₹0.2 Cr: core business ₹0.2 Cr, other income ₹0.0 Cr.
Core profit YoY: -97.7%
· reported profit -97.1%
Cash & debt
FY26 cash from operations ₹37.0 Cr:
51% of FY26 net profit of ₹72.7 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹24.6 ₹29.3
+18.9% above Net profit ₹4.2 ₹0.2
-94.1% below
M Cap ₹1,011 Cr
P/E 39.8
PEG 0.67
Operating margin expanded 916 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+163.5% +21.4%
316 260 120 Operating profit
+887.7% +153.8%
39.5 15.6 4.0 OPM %
+916 bps +651 bps
12.5% 6.0% 3.3% Other income
-70.3% -17.1%
0.6 0.7 2.0 Net profit?
— +644.5%
22.6 3.0 1.0 PAT margin %
+631 bps +598 bps
7.1% 1.2% 0.8% EPS (₹)
— +643.9%
9.15 1.23 0.48
Quality of profit
Pre-tax profit ₹29.9 Cr: core business ₹29.3 Cr, other income ₹0.6 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹4.0 Cr.
Borrowings ₹199 Cr at Mar 2026.
M Cap ₹1,010 Cr
P/E 1.2
PEG 0.03
Profit -42% below its own trend Operating margin contracted 1064 bps YoY Core business grew faster than reported profit (core profit +425%) FY26 operating cash flow was only 1% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+487.5% -95.1%
47.0 962 8.0 Operating profit
+425.0% -95.0%
42.0 840 8.0 OPM %
-1064 bps +204 bps
89.4% 87.3% 100.0% Other income
-100.0% —
0.0 0.0 31.0 Net profit?
-47.8% -95.0%
35.0 702 67.0 PAT margin %
— +150 bps
74.5% 73.0% — EPS (₹)
-47.2% -95.0%
33.45 667.86 63.40
Quality of profit
Pre-tax profit ₹42.0 Cr: core business ₹42.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +425.0%
· reported profit -47.8%
Cash & debt
FY26 cash from operations ₹6.0 Cr:
1% of FY26 net profit of ₹858 Cr.
Borrowings ₹23.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹13.5 ₹47.0
+248.1% above Net profit ₹60.6 ₹35.0
-42.2% below
M Cap ₹1,007 Cr
P/E 83.7
PEG —
Core business grew faster than reported profit (core profit +8%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-19.2% +65.3%
252 153 312 Operating profit
-20.2% +177.5%
14.0 5.0 17.5 OPM %
-7 bps +224 bps
5.5% 3.3% 5.6% Other income
+0.0% —
0.0 0.0 0.0 Net profit
-38.3% —
7.2 0.6 11.6 PAT margin %
-88 bps +247 bps
2.8% 0.4% 3.7% EPS (₹)
-37.9% —
0.54 0.04 0.87
Quality of profit
Pre-tax profit ₹9.6 Cr: core business ₹9.6 Cr, other income ₹0.0 Cr.
Core profit YoY: +7.8%
· reported profit -38.3%
Cash & debt
FY26 cash from operations ₹25.0 Cr:
274% of FY26 net profit of ₹9.1 Cr.
Borrowings ₹112 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹222 ₹252
+13.6% above Net profit ₹6.6 ₹7.2
+9.1% in line
M Cap ₹1,004 Cr
P/E 15.0
PEG 0.17
Operating margin contracted 154 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.0% +29.6%
46.6 36.0 42.0 Operating profit
+6.8% +39.8%
18.1 13.0 17.0 OPM %
-154 bps +285 bps
38.9% 36.1% 40.5% Other income
+60.0% +95.6%
8.0 4.1 5.0 Net profit?
loss widened loss narrowed -16.6 -21.4 -15.0 PAT margin %
+19 bps +2406 bps
-35.5% -59.6% -35.7% EPS (₹)
loss widened loss narrowed -0.15 -0.19 -0.14
Quality of profit
Pre-tax profit −₹16.0 Cr: core business −₹16.9 Cr, other income ₹8.0 Cr, exceptional & other items −₹7.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹195 Cr:
456% of FY26 net profit of ₹42.7 Cr.
Borrowings ₹524 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹44.1 ₹46.6
+5.8% above
M Cap ₹1,003 Cr
P/E 6.7
PEG 0.19
Profit +311% above its own trend Operating margin expanded 637 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.0% -12.1%
551 627 515 Operating profit
+128.5% -22.4%
66.0 85.0 28.9 OPM %
+637 bps -158 bps
12.0% 13.6% 5.6% Other income
to loss —
-1.0 0.0 0.8 Net profit
+441.3% -7.3%
38.0 41.0 7.0 PAT margin %
+553 bps +36 bps
6.9% 6.5% 1.4% EPS (₹)
+432.7% -8.2%
6.02 6.56 1.13
Quality of profit
Pre-tax profit ₹46.0 Cr: core business ₹47.0 Cr, other income −₹1.0 Cr.
Core profit YoY: +381.9%
· reported profit +441.3%
Cash & debt
FY26 cash from operations ₹207 Cr:
191% of FY26 net profit of ₹108 Cr.
Borrowings ₹313 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹663 ₹551
-16.9% below Net profit ₹9.3 ₹38.0
+310.6% above
M Cap ₹1,003 Cr
P/E 5.2
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 457 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
-47.0% -1.4%
71.0 72.0 134 Operating profit
loss narrowed loss widened -61.0 -42.0 -109 OPM %
-457 bps -2758 bps
-85.9% -58.3% -81.3% Other income
+414.3% +74.2%
108 62.0 21.0 Net profit?
from loss +300.0%
24.0 6.0 -87.0 PAT margin %
+9873 bps +2547 bps
33.8% 8.3% -64.9% EPS (₹)
from loss +302.3%
6.96 1.73 -24.87
Quality of profit
Pre-tax profit ₹26.0 Cr: core business −₹82.0 Cr, other income ₹108 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹102 Cr:
-116% of FY26 net profit of ₹88.0 Cr.
Borrowings ₹952 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹76.7 ₹71.0
-7.4% below
M Cap ₹1,001 Cr
P/E 7.5
PEG 0.31
Profit +79% above its own trend Operating margin contracted 808 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+48.4% +32.1%
181 137 122 Operating profit
+20.8% +4.9%
64.0 61.0 53.0 OPM %
-808 bps -917 bps
35.4% 44.5% 43.4% Other income
— —
0.0 0.0 0.0 Net profit?
+44.0% +12.5%
36.0 32.0 25.0 PAT margin %
-60 bps -347 bps
19.9% 23.4% 20.5% EPS (₹)
+33.8% +14.5%
2.93 2.56 2.19
Quality of profit
Pre-tax profit ₹49.0 Cr: core business ₹49.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +32.4%
· reported profit +44.0%
Cash & debt
FY26 cash from operations ₹311 Cr:
247% of FY26 net profit of ₹126 Cr.
Borrowings ₹228 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹101 ₹181
+79.9% above Net profit ₹20.1 ₹36.0
+79.0% above
M Cap ₹999 Cr
P/E 20.9
PEG —
Profit -11% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.6% -11.0%
218 245 187 Operating profit
+25.0% +0.0%
20.0 20.0 16.0 OPM %
+62 bps +101 bps
9.2% 8.2% 8.6% Other income
+50.0% +200.0%
3.0 1.0 2.0 Net profit
+22.2% +0.0%
11.0 11.0 9.0 PAT margin %
+23 bps +56 bps
5.0% 4.5% 4.8% EPS (₹)
+26.7% +6.3%
6.40 6.02 5.05
Quality of profit
Pre-tax profit ₹15.0 Cr: core business ₹13.0 Cr, other income ₹3.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +30.0%
· reported profit +22.2%
Cash & debt
FY26 cash from operations ₹88.0 Cr:
196% of FY26 net profit of ₹45.0 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹202 ₹218
+8.1% above Net profit ₹12.4 ₹11.0
-11.1% below
Into loss: a profit a year ago Operating margin contracted 4548 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-20.7% -30.1%
23.5 33.6 29.6 Operating profit
to loss to loss -9.5 3.8 1.5 OPM %
-4548 bps -5198 bps
-40.6% 11.4% 4.9% Other income
-89.7% from loss 0.4 -0.1 4.0 Net profit?
to loss to loss -11.8 0.7 3.3 PAT margin %
-6131 bps -5222 bps
-50.2% 2.1% 11.1% EPS (₹)
to loss to loss -0.86 0.05 0.24
Quality of profit
Pre-tax profit −₹12.0 Cr: core business −₹12.4 Cr, other income ₹0.4 Cr.
Core profit YoY: loss widened
M Cap ₹991 Cr
P/E 51.4
PEG 0.36
Profit +150% above its own trend Operating margin expanded 933 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+66.7% +34.3%
100 74.5 60.0 Operating profit
+300.0% +150.8%
16.0 6.4 4.0 OPM %
+933 bps +743 bps
16.0% 8.6% 6.7% Other income
— to loss -2.0 0.2 0.0 Net profit?
+400.0% +134.8%
10.0 4.3 2.0 PAT margin %
+667 bps +428 bps
10.0% 5.7% 3.3% EPS (₹)
+304.1% +113.6%
5.98 2.80 1.48
Quality of profit
Pre-tax profit ₹13.0 Cr: core business ₹15.0 Cr, other income −₹2.0 Cr.
Core profit YoY: +400.0%
· reported profit +400.0%
Cash & debt
FY26 cash from operations −₹5.0 Cr:
-30% of FY26 net profit of ₹16.5 Cr.
Borrowings ₹28.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹120 ₹100
-16.7% below Net profit ₹4.0 ₹10.0
+150.0% above
M Cap ₹991 Cr
P/E 24.6
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1565 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
+6.7% -15.1%
76.5 90.1 71.7 Operating profit
from loss -61.6%
3.8 9.8 -7.7 OPM %
+1565 bps -596 bps
4.9% 10.9% -10.7% Other income
+583.9% +726.6%
10.6 1.3 1.6 Net profit?
from loss -11.9%
8.9 10.1 -9.7 PAT margin %
+2509 bps +42 bps
11.6% 11.2% -13.5% EPS (₹)
from loss -11.8%
0.97 1.10 -1.05
Quality of profit
Pre-tax profit ₹9.1 Cr: core business −₹1.5 Cr, other income ₹10.6 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹3.0 Cr:
-261% of FY26 net profit of ₹1.1 Cr.
Borrowings ₹100 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹54.7 ₹76.5
+39.9% above
M Cap ₹989 Cr
P/E 224.0
PEG —
Profit +999% above its own trend Operating margin contracted 123 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+53.4% +17.0%
59.4 50.7 38.7 Operating profit
+43.4% +10.3%
10.5 9.5 7.3 OPM %
-123 bps -108 bps
17.7% 18.8% 18.9% Other income
-10.9% +156.2%
0.4 0.2 0.5 Net profit
— +241.3%
2.1 0.6 0.1 PAT margin %
+329 bps +238 bps
3.6% 1.2% 0.3% EPS (₹)
— +237.5%
1.08 0.32 0.07
Quality of profit
Pre-tax profit ₹2.8 Cr: core business ₹2.4 Cr, other income ₹0.4 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹13.0 Cr:
-336% of FY26 net profit of ₹3.9 Cr.
Borrowings ₹169 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹27.8 ₹59.4
+113.4% above Net profit ₹0.1 ₹2.1
+999.0% above
M Cap ₹988 Cr
P/E 42.2
PEG 0.88
Profit -18% below its own trend Operating margin contracted 369 bps YoY 68% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -53%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+38.4% +37.2%
102 74.4 73.7 Operating profit
-18.4% -40.4%
5.4 9.1 6.6 OPM %
-369 bps -691 bps
5.3% 12.2% 9.0% Other income
+113.9% +95.2%
4.8 2.4 2.2 Net profit?
+7.5% -12.8%
5.6 6.4 5.2 PAT margin %
-158 bps -314 bps
5.5% 8.6% 7.1% EPS (₹)
+32.5% -26.4%
2.12 2.88 1.60
Quality of profit
Pre-tax profit ₹7.0 Cr: core business ₹2.2 Cr, other income ₹4.8 Cr.
Core profit YoY: -53.2%
· reported profit +7.5%
Cash & debt
FY26 cash from operations −₹15.0 Cr:
-68% of FY26 net profit of ₹22.2 Cr.
Borrowings ₹36.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹110 ₹102
-7.4% below Net profit ₹6.8 ₹5.6
-18.2% below
Exceptional items of ₹-34.8 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+81.3% +90.8%
1,010 529 557 Operating profit
— —
-7.7 — — OPM %
— —
-0.8% — — Other income
— —
49.2 — — Net profit?
loss widened to loss -22.4 11.1 -0.3 PAT margin %
-215 bps -431 bps
-2.2% 2.1% -0.1% EPS (₹)
— —
-29.64 — —
Quality of profit
Pre-tax profit −₹15.4 Cr: core business −₹64.6 Cr, other income ₹49.2 Cr.
Against its own trend ?
Trend Actual Gap
Sales ₹448 ₹1,010
+125.4% above
M Cap ₹987 Cr
P/E 26.9
PEG —
Operating margin contracted 150 bps YoY 29% of pre-tax profit came from other income and one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+15.7% +3.7%
496 478 429 Operating profit
-14.1% -10.4%
21.4 23.9 24.9 OPM %
-150 bps -68 bps
4.3% 5.0% 5.8% Other income
-32.7% +18.2%
3.3 2.8 4.8 Net profit?
-41.3% -23.7%
8.3 10.8 14.1 PAT margin %
-162 bps -60 bps
1.7% 2.3% 3.3% EPS (₹)
-38.6% -23.6%
0.81 1.06 1.32
Quality of profit
Pre-tax profit ₹11.2 Cr: core business ₹8.0 Cr, other income ₹3.3 Cr.
Core profit YoY: -43.4%
· reported profit -41.3%
Cash & debt
FY26 cash from operations −₹22.0 Cr:
-57% of FY26 net profit of ₹38.8 Cr.
Borrowings ₹226 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹447 ₹496
+10.9% above Net profit ₹8.1 ₹8.3
+1.8% in line
M Cap ₹979 Cr
P/E 29.1
PEG —
Profit +82% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
-30.0% -6.7%
33.4 35.7 47.7 Net interest income
— -9.2%
26.6 29.2 — Other income
— +11.4%
1.4 1.2 — Net profit?
+8.1% -13.2%
8.6 9.8 7.9 EPS (₹)
+7.7% -13.1%
2.93 3.37 2.72
Against its own trend ?
Trend Actual Gap
Net profit ₹4.7 ₹8.6
+81.8% above
M Cap ₹974 Cr
P/E 10.6
PEG 0.26
Profit -40% below its own trend Operating margin expanded 2845 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-27.5% -45.0%
99.0 180 136 Operating profit
+66.1% -6.7%
50.0 53.6 30.1 OPM %
+2845 bps +2074 bps
50.5% 29.8% 22.1% Other income
+193.3% +39.7%
2.0 1.4 0.7 Net profit?
-39.8% -56.3%
11.0 25.2 18.3 PAT margin %
-228 bps -287 bps
11.1% 14.0% 13.4% EPS (₹)
-37.7% -58.6%
2.25 5.44 3.61
Quality of profit
Pre-tax profit ₹19.0 Cr: core business ₹17.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -32.9%
· reported profit -39.8%
Cash & debt
FY26 cash from operations −₹54.0 Cr:
-60% of FY26 net profit of ₹90.3 Cr.
Borrowings ₹645 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹163 ₹99.0
-39.2% below Net profit ₹18.2 ₹11.0
-39.7% below
Profit +545% above its own trend Operating margin expanded 334 bps YoY 54% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-4.9% +13.4%
1,272 1,121 1,337 Operating profit
+36.4% +21.6%
141 116 103 OPM %
+334 bps +74 bps
11.1% 10.3% 7.7% Other income
-64.5% -19.0%
20.2 25.0 57.0 Net profit
+986.3% —
240 6.8 22.1 PAT margin %
+1724 bps +1829 bps
18.9% 0.6% 1.7% EPS (₹)
+985.0% —
34.72 0.98 3.20
Quality of profit
Pre-tax profit ₹37.7 Cr: core business ₹17.5 Cr, other income ₹20.2 Cr.
Core profit YoY: from loss
· reported profit +986.3%
Cash & debt
FY26 cash from operations ₹596 Cr:
240% of FY26 net profit of ₹248 Cr.
Borrowings ₹1,613 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,410 ₹1,272
-9.8% below Net profit ₹37.3 ₹240
+544.7% above
Profit +53% above its own trend Operating margin expanded 262 bps YoY 25% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +151%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+52.6% +11.9%
62.5 55.8 40.9 Operating profit
+67.8% +41.2%
18.1 12.8 10.8 OPM %
+262 bps +602 bps
29.0% 22.9% 26.3% Other income
+304.0% +31.0%
1.0 0.8 0.2 Net profit
+206.4% from loss 3.4 -0.7 1.1 PAT margin %
+271 bps +661 bps
5.4% -1.2% 2.7% EPS (₹)
+205.2% from loss 2.93 -0.59 0.96
Quality of profit
Pre-tax profit ₹4.0 Cr: core business ₹3.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +150.8%
· reported profit +206.4%
Cash & debt
FY26 cash from operations ₹32.0 Cr:
554% of FY26 net profit of ₹5.8 Cr.
Borrowings ₹203 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹61.2 ₹62.5
+2.1% in line Net profit ₹2.2 ₹3.4
+53.2% above
M Cap ₹970 Cr
P/E 28.6
PEG —
Profit -37% below its own trend Core business grew faster than reported profit (core profit +47%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+31.6% +22.1%
277 227 211 Operating profit
+38.5% +83.0%
34.0 18.6 24.5 OPM %
+62 bps +409 bps
12.3% 8.2% 11.7% Other income
-61.0% +25.0%
3.0 2.4 7.7 Net profit?
+14.7% +212.5%
20.0 6.4 17.4 PAT margin %
-106 bps +440 bps
7.2% 2.8% 8.3% EPS (₹)
+12.4% +205.3%
8.06 2.64 7.17
Quality of profit
Pre-tax profit ₹23.0 Cr: core business ₹20.0 Cr, other income ₹3.0 Cr.
Core profit YoY: +47.1%
· reported profit +14.7%
Cash & debt
FY26 cash from operations ₹58.0 Cr:
171% of FY26 net profit of ₹34.0 Cr.
Borrowings ₹275 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹278 ₹277
-0.4% in line Net profit ₹31.8 ₹20.0
-37.1% below
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.7% +1.4%
344 339 319 Operating profit
+14.6% +151.1%
42.0 16.7 36.7 OPM %
+73 bps +728 bps
12.2% 4.9% 11.5% Other income
-50.8% -71.1%
1.3 4.5 2.7 Net profit?
+301.3% from loss 7.9 -12.4 2.0 PAT margin %
+167 bps +595 bps
2.3% -3.7% 0.6% EPS (₹)
+285.7% from loss 0.81 -1.27 0.21
Quality of profit
Pre-tax profit ₹9.4 Cr: core business ₹8.1 Cr, other income ₹1.3 Cr.
Core profit YoY: +107.7%
· reported profit +301.3%
Cash & debt
FY26 cash from operations ₹89.0 Cr.
Borrowings ₹729 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹355 ₹344
-3.1% in line
M Cap ₹966 Cr
P/E 0.4
PEG 0.02
Into loss: a profit a year ago Operating margin expanded 2881 bps YoY Exceptional items of ₹-143 Cr in the quarter FY26 operating cash flow was only 22% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+39.7% -62.2%
191 506 137 Operating profit
from loss from loss 18.8 -28.8 -26.0 OPM %
+2881 bps +1553 bps
9.8% -5.7% -19.0% Other income
-83.1% -62.8%
33.3 89.4 197 Net profit?
to loss to loss -111 2,157 159 PAT margin %
— —
-58.0% — — EPS (₹)
to loss to loss -5.93 115.23 8.48
Quality of profit
Pre-tax profit −₹98.8 Cr: core business ₹11.4 Cr, other income ₹33.3 Cr, exceptional & other items −₹143 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹490 Cr:
22% of FY26 net profit of ₹2,204 Cr.
Borrowings ₹311 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹148 ₹191
+28.9% above
Operating margin contracted 1026 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.1% +14.3%
81.2 71.0 69.9 Operating profit
-13.3% +24.7%
24.6 19.7 28.3 OPM %
-1026 bps +254 bps
30.3% 27.7% 40.5% Other income
-8.8% +752.6%
4.9 0.6 5.3 Net profit?
-18.9% +61.2%
16.6 10.3 20.5 PAT margin %
-884 bps +595 bps
20.5% 14.5% 29.3% EPS (₹)
-29.8% +61.8%
1.44 0.89 2.05
Quality of profit
Pre-tax profit ₹22.7 Cr: core business ₹17.9 Cr, other income ₹4.9 Cr.
Core profit YoY: -18.4%
· reported profit -18.9%
M Cap ₹961 Cr
P/E 11.5
PEG —
Operating margin contracted 310 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.4% +11.1%
540 486 464 Operating profit
-1.0% +120.9%
95.0 43.0 96.0 OPM %
-310 bps +874 bps
17.6% 8.8% 20.7% Other income
+700.0% -11.1%
8.0 9.0 1.0 Net profit?
+2.2% +170.6%
46.0 17.0 45.0 PAT margin %
-118 bps +502 bps
8.5% 3.5% 9.7% EPS (₹)
+3.3% +173.3%
6.97 2.55 6.75
Quality of profit
Pre-tax profit ₹72.0 Cr: core business ₹64.0 Cr, other income ₹8.0 Cr.
Core profit YoY: +6.7%
· reported profit +2.2%
Cash & debt
FY26 cash from operations ₹220 Cr:
796% of FY26 net profit of ₹27.6 Cr.
Borrowings ₹1,060 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹504 ₹540
+7.1% above
M Cap ₹961 Cr
P/E 107.6
PEG —
Profit -100% below its own trend Operating margin contracted 2790 bps YoY FY26 operating cash flow was only 14% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-33.6% +9.7%
73.8 67.2 111 Operating profit
-89.7% -55.2%
3.8 8.4 36.7 OPM %
-2790 bps -742 bps
5.1% 12.5% 33.0% Other income
to loss to loss -2.2 2.5 1.3 Net profit?
-100.0% -99.9%
0.0 7.9 27.1 PAT margin %
-2441 bps -1169 bps
0.0% 11.7% 24.4% EPS (₹)
-100.0% -100.0%
0.00 3.20 11.02
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹2.2 Cr, other income −₹2.2 Cr.
Core profit YoY: -93.8%
· reported profit -100.0%
Cash & debt
FY26 cash from operations ₹2.0 Cr:
14% of FY26 net profit of ₹14.4 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹125 ₹73.8
-40.9% below Net profit ₹30.8 ₹0.0
-100.0% 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, 06:14 IST
