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 57 of 171
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M Cap ₹599 Cr
P/E 36.0
PEG 0.57
Operating margin contracted 159 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.3% +15.0%
268 233 252 Operating profit
-15.0% +54.5%
17.0 11.0 20.0 OPM %
-159 bps +162 bps
6.3% 4.7% 7.9% Other income
+0.0% +0.0%
1.0 1.0 1.0 Net profit?
+9.1% +200.0%
12.0 4.0 11.0 PAT margin %
+11 bps +276 bps
4.5% 1.7% 4.4% EPS (₹)
-14.2% +111.4%
5.01 2.37 5.84
Quality of profit
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: -20.0%
· reported profit +9.1%
Cash & debt
FY26 cash from operations −₹28.0 Cr:
-77% of FY26 net profit of ₹36.4 Cr.
Borrowings ₹125 Cr at Mar 2026.
M Cap ₹594 Cr
P/E 44.4
PEG —
Profit -50% below its own trend Operating margin contracted 249 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
+3.5% +67.6%
255 152 246 Operating profit
-78.7% -70.5%
1.6 5.5 7.7 OPM %
-249 bps -301 bps
0.6% 3.7% 3.1% Other income
+159.9% +121.1%
3.6 1.6 1.4 Net profit
-56.9% -39.9%
1.7 2.8 3.9 PAT margin %
-93 bps -120 bps
0.7% 1.9% 1.6% EPS (₹)
-61.6% -46.2%
0.28 0.52 0.73
Quality of profit
Pre-tax profit ₹2.5 Cr: core business −₹1.1 Cr, other income ₹3.6 Cr.
Core profit YoY: to loss
· reported profit -56.9%
Cash & debt
FY26 cash from operations ₹18.0 Cr:
138% of FY26 net profit of ₹13.0 Cr.
Borrowings ₹55.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹242 ₹255
+5.3% above Net profit ₹3.4 ₹1.7
-50.2% below
M Cap ₹588 Cr
P/E 45.9
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 6535 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
+21.5% +6.9%
166 155 137 Operating profit
loss narrowed loss narrowed -2.9 -6.3 -91.8 OPM %
+6535 bps +230 bps
-1.8% -4.1% -67.1% Other income
-78.6% -2.1%
21.9 22.4 103 Net profit?
from loss +123.8%
4.1 1.9 -1.9 PAT margin %
+386 bps +130 bps
2.5% 1.2% -1.4% EPS (₹)
from loss +100.0%
0.04 0.02 -0.02
Quality of profit
Pre-tax profit ₹3.7 Cr: core business −₹18.2 Cr, other income ₹21.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹75.0 Cr:
585% of FY26 net profit of ₹12.8 Cr.
Borrowings ₹127 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹132 ₹166
+25.9% above
M Cap ₹585 Cr
P/E 15.8
PEG —
Profit +130% above its own trend Operating margin expanded 364 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+29.1% +1.7%
43.0 42.3 33.3 Operating profit
+47.4% -8.0%
12.6 13.7 8.6 OPM %
+364 bps -310 bps
29.3% 32.4% 25.6% Other income
+170.9% +173.1%
0.4 0.2 0.2 Net profit?
+65.4% -1.1%
9.7 9.8 5.9 PAT margin %
+494 bps -64 bps
22.5% 23.2% 17.6% EPS (₹)
+65.6% -1.0%
4.09 4.13 2.47
Quality of profit
Pre-tax profit ₹12.0 Cr: core business ₹11.5 Cr, other income ₹0.4 Cr.
Core profit YoY: +50.8%
· reported profit +65.4%
Against its own trend ?
Trend Actual Gap
Sales ₹38.0 ₹43.0
+13.3% above Net profit ₹4.2 ₹9.7
+130.4% above
Operating margin contracted 3354 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-18.3% +176.9%
128 46.1 156 Operating profit
to loss to loss -42.0 6.0 1.0 OPM %
-3354 bps -4591 bps
-32.9% 13.0% 0.6% Other income
+550.0% +30.0%
13.0 10.0 2.0 Net profit?
loss widened to loss -37.0 2.7 -8.0 PAT margin %
-2386 bps -3487 bps
-29.0% 5.9% -5.1% EPS (₹)
loss widened to loss -3.44 0.34 -0.75
Quality of profit
Pre-tax profit −₹40.0 Cr: core business −₹54.0 Cr, other income ₹13.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹87.0 Cr.
Borrowings ₹77.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹157 ₹128
-18.5% below
M Cap ₹583 Cr
P/E 12.0
PEG —
Profit +160% above its own trend Operating margin contracted 221 bps YoY 37% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -14%) FY26 operating cash flow was only 48% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+21.9% +23.2%
223 181 183 Operating profit
-5.6% -5.6%
17.0 18.0 18.0 OPM %
-221 bps -232 bps
7.6% 9.9% 9.8% Other income
+500.0% —
6.0 0.0 1.0 Net profit
+30.0% +30.0%
13.0 10.0 10.0 PAT margin %
+37 bps +30 bps
5.8% 5.5% 5.5% EPS (₹)
+31.2% +33.3%
5.64 4.23 4.30
Quality of profit
Pre-tax profit ₹19.0 Cr: core business ₹12.0 Cr, other income ₹6.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -14.3%
· reported profit +30.0%
Cash & debt
FY26 cash from operations ₹20.0 Cr:
48% of FY26 net profit of ₹42.0 Cr.
Borrowings ₹19.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹177 ₹223
+26.1% above Net profit ₹5.0 ₹13.0
+160.0% above
M Cap ₹583 Cr
P/E 45.5
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 556 bps YoY 63% 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
+35.9% -1.1%
378 383 278 Operating profit
+181.5% +10.3%
40.6 36.9 14.4 OPM %
+556 bps +111 bps
10.7% 9.6% 5.2% Other income
-22.0% +219.0%
8.1 2.5 10.3 Net profit?
from loss from loss 8.2 -0.7 -2.3 PAT margin %
+300 bps +236 bps
2.2% -0.2% -0.8% EPS (₹)
from loss from loss 7.50 -0.68 -2.12
Quality of profit
Pre-tax profit ₹12.9 Cr: core business ₹4.8 Cr, other income ₹8.1 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹142 Cr:
-783% of FY26 net profit of ₹18.1 Cr.
Borrowings ₹959 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹557 ₹378
-32.0% below
Operating margin expanded 288 bps YoY Exceptional items of ₹-11.4 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+2.1% +9.0%
693 636 679 Operating profit
+230.1% +76.3%
28.9 16.4 8.8 OPM %
+288 bps +159 bps
4.2% 2.6% 1.3% Other income
-18.2% +51.0%
6.1 4.1 7.5 Net profit?
loss widened loss widened -18.2 -16.2 -12.6 PAT margin %
-77 bps -8 bps
-2.6% -2.5% -1.9% EPS (₹)
loss widened loss widened -1.11 -0.99 -0.77
Quality of profit
Pre-tax profit −₹20.7 Cr: core business −₹15.5 Cr, other income ₹6.1 Cr, exceptional & other items −₹11.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹72.0 Cr.
Borrowings ₹931 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹647 ₹693
+7.1% above
Into loss: a profit a year ago Profit -109% below its own trend Operating margin expanded 439 bps YoY Exceptional items of ₹-3.1 Cr in the quarter Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+135.2% +39.2%
103 74.1 43.9 Operating profit
loss widened to loss -8.3 0.9 -5.4 OPM %
+439 bps -929 bps
-8.0% 1.3% -12.4% Other income
-63.9% +77.7%
10.2 5.7 28.3 Net profit
to loss to loss -2.0 3.5 10.7 PAT margin %
-2634 bps -668 bps
-1.9% 4.7% 24.4% EPS (₹)
to loss to loss -0.04 0.08 0.24
Quality of profit
Pre-tax profit −₹2.5 Cr: core business −₹9.6 Cr, other income ₹10.2 Cr, exceptional & other items −₹3.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹143 Cr:
-143% of FY26 net profit of ₹99.9 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹65.1 ₹103
+58.5% above Net profit ₹21.4 −₹2.0
-109.3% below
M Cap ₹575 Cr
P/E 108.3
PEG —
Profit -12% below its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.9% -1.0%
142 144 137 Operating profit
-1.1% +4.4%
23.8 22.8 24.1 OPM %
-84 bps +87 bps
16.7% 15.9% 17.6% Other income
+221.2% from loss 1.1 -1.5 0.3 Net profit
+42.1% from loss 5.5 -1.9 3.9 PAT margin %
+105 bps +519 bps
3.9% -1.3% 2.8% EPS (₹)
+43.5% from loss 0.33 -0.11 0.23
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹0.1 Cr, other income ₹1.1 Cr.
Core profit YoY: to loss
· reported profit +42.1%
Cash & debt
FY26 cash from operations ₹98.0 Cr:
2970% of FY26 net profit of ₹3.3 Cr.
Borrowings ₹312 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹149 ₹142
-4.5% in line Net profit ₹6.3 ₹5.5
-12.1% below
M Cap ₹574 Cr
P/E 6.4
PEG 0.08
Profit -70% below its own trend Operating margin expanded 1817 bps YoY Core business grew faster than reported profit (core profit +236%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.3% +1.8%
216 212 201 Operating profit
+170.8% from loss 65.0 -0.8 24.0 OPM %
+1817 bps +3045 bps
30.1% -0.4% 11.9% Other income
to loss loss widened -22.0 -10.0 52.8 Net profit?
-40.0% —
27.0 0.9 45.0 PAT margin %
-986 bps +1208 bps
12.5% 0.4% 22.4% EPS (₹)
-39.4% —
3.73 0.12 6.16
Quality of profit
Pre-tax profit ₹38.0 Cr: core business ₹59.0 Cr, other income −₹22.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +235.8%
· reported profit -40.0%
Cash & debt
FY26 cash from operations ₹72.0 Cr:
150% of FY26 net profit of ₹48.1 Cr.
Borrowings ₹85.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹222 ₹216
-2.6% in line Net profit ₹90.0 ₹27.0
-70.0% below
M Cap ₹572 Cr
P/E 10.1
PEG —
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+25.7% +17.7%
93.0 79.0 74.0 Other income
+0.0% +0.0%
1.0 1.0 1.0 Net profit
+40.0% +110.0%
21.0 10.0 15.0 PAT margin %
+231 bps +992 bps
22.6% 12.7% 20.3% EPS (₹)
+12.9% +104.7%
3.93 1.92 3.48
M Cap ₹571 Cr
P/E 29.1
PEG —
Profit +62% above its own trend Operating margin expanded 379 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+48.2% +25.3%
103 82.0 69.4 Operating profit
+115.9% +20.4%
12.4 10.3 5.8 OPM %
+379 bps -50 bps
12.1% 12.6% 8.3% Other income
-66.4% +63.3%
1.9 1.2 5.7 Net profit?
+38.3% +95.7%
7.2 3.7 5.2 PAT margin %
-50 bps +251 bps
7.0% 4.5% 7.5% EPS (₹)
+9.9% +68.4%
2.88 1.71 2.62
Quality of profit
Pre-tax profit ₹7.7 Cr: core business ₹5.8 Cr, other income ₹1.9 Cr.
Core profit YoY: —
· reported profit +38.3%
Cash & debt
FY26 cash from operations −₹34.0 Cr:
-189% of FY26 net profit of ₹18.0 Cr.
Borrowings ₹114 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹73.3 ₹103
+40.3% above Net profit ₹4.4 ₹7.2
+62.4% above
M Cap ₹570 Cr
P/E 14.1
PEG —
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+24.6% +29.5%
729 563 585 Operating profit
-4.5% -4.5%
21.0 22.0 22.0 OPM %
-88 bps -103 bps
2.9% 3.9% 3.8% Other income
-50.0% -50.0%
1.0 2.0 2.0 Net profit
+0.0% -8.3%
11.0 12.0 11.0 PAT margin %
-37 bps -62 bps
1.5% 2.1% 1.9% EPS (₹)
-27.7% -6.0%
1.25 1.33 1.73
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹13.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +8.3%
· reported profit +0.0%
Operating margin expanded 153 bps YoY 69% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +171%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-13.1% -0.4%
339 340 390 Operating profit
+3.0% +116.5%
33.0 15.2 32.0 OPM %
+153 bps +525 bps
9.7% 4.5% 8.2% Other income
+18.6% +22.6%
22.0 17.9 18.5 Net profit
+30.4% +327.7%
25.0 5.8 19.2 PAT margin %
+246 bps +566 bps
7.4% 1.7% 4.9% EPS (₹)
+32.4% +335.6%
5.88 1.35 4.44
Quality of profit
Pre-tax profit ₹32.0 Cr: core business ₹10.0 Cr, other income ₹22.0 Cr.
Core profit YoY: +171.4%
· reported profit +30.4%
Cash & debt
FY26 cash from operations ₹62.0 Cr:
116% of FY26 net profit of ₹53.6 Cr.
Borrowings ₹682 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹391 ₹339
-13.2% below Net profit ₹23.2 ₹25.0
+7.9% in line
M Cap ₹565 Cr
P/E 12.0
PEG 0.52
Profit -55% below its own trend Operating margin contracted 339 bps YoY 29% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 44% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-15.7% +187.1%
113 39.4 134 Operating profit
-27.3% +44.0%
24.0 16.7 33.0 OPM %
-339 bps -2112 bps
21.2% 42.4% 24.6% Other income
from loss +97.1%
6.0 3.0 -4.0 Net profit?
-25.0% +29.6%
15.0 11.6 20.0 PAT margin %
-165 bps -1613 bps
13.3% 29.4% 14.9% EPS (₹)
-25.2% +8.9%
5.38 4.94 7.19
Quality of profit
Pre-tax profit ₹21.0 Cr: core business ₹15.0 Cr, other income ₹6.0 Cr.
Core profit YoY: -42.3%
· reported profit -25.0%
Cash & debt
FY26 cash from operations ₹23.0 Cr:
44% of FY26 net profit of ₹52.6 Cr.
Borrowings ₹106 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹142 ₹113
-20.4% below Net profit ₹33.0 ₹15.0
-54.5% below
M Cap ₹565 Cr
P/E 21.1
PEG —
Profit -81% below its own trend Operating margin contracted 189 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.6% +11.8%
147 131 138 Operating profit
-11.4% -29.2%
13.7 19.3 15.4 OPM %
-189 bps -540 bps
9.3% 14.7% 11.2% Other income
-98.8% from loss 0.3 -0.1 25.5 Net profit?
-78.8% -37.9%
6.3 10.2 29.8 PAT margin %
-1735 bps -344 bps
4.3% 7.7% 21.6% EPS (₹)
-78.8% -37.9%
10.10 16.27 47.71
Quality of profit
Pre-tax profit ₹8.3 Cr: core business ₹8.0 Cr, other income ₹0.3 Cr.
Core profit YoY: -22.7%
· reported profit -78.8%
Cash & debt
FY26 cash from operations ₹35.0 Cr:
116% of FY26 net profit of ₹30.0 Cr.
Borrowings ₹120 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹154 ₹147
-4.7% in line Net profit ₹33.9 ₹6.3
-81.4% below
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+27.9% +19.8%
1,996 1,666 1,560 Operating profit
+48.9% +29.6%
70.0 54.0 47.0 OPM %
+49 bps +27 bps
3.5% 3.2% 3.0% Other income
-100.0% loss narrowed 0.0 -2.0 1.0 Net profit?
+44.8% +68.0%
42.0 25.0 29.0 PAT margin %
+25 bps +60 bps
2.1% 1.5% 1.9% EPS (₹)
— +65.8%
17.06 10.29 29190.00
No EPS growth against Mar 2025: ₹10 to ₹2 split in Oct 2026.
Quality of profit
Pre-tax profit ₹55.0 Cr: core business ₹54.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +50.0%
· reported profit +44.8%
M Cap ₹564 Cr
P/E 84.3
PEG —
Profit -59% below its own trend Operating margin contracted 511 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-6.6% +8.9%
447 410 478 Operating profit
-49.8% —
26.5 0.9 52.7 OPM %
-511 bps +570 bps
5.9% 0.2% 11.0% Other income
-95.8% -87.9%
0.6 4.6 13.4 Net profit?
-42.8% from loss 18.8 -10.3 32.9 PAT margin %
-267 bps +672 bps
4.2% -2.5% 6.9% EPS (₹)
-42.9% from loss 1.69 -0.92 2.96
Quality of profit
Pre-tax profit ₹12.7 Cr: core business ₹12.2 Cr, other income ₹0.6 Cr.
Core profit YoY: -69.2%
· reported profit -42.8%
Against its own trend ?
Trend Actual Gap
Sales ₹522 ₹447
-14.5% below Net profit ₹45.6 ₹18.8
-58.7% below
M Cap ₹562 Cr
P/E 12.5
PEG 0.13
Profit +272% above its own trend Operating margin expanded 111 bps YoY 27% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +46%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.9% -6.5%
180 192 168 Operating profit
+18.7% +38.9%
20.2 14.5 17.0 OPM %
+111 bps +367 bps
11.2% 7.6% 10.1% Other income
from loss +10.7%
5.4 4.9 -4.0 Net profit?
+399.3% +39.5%
15.0 10.7 3.0 PAT margin %
+655 bps +275 bps
8.3% 5.6% 1.8% EPS (₹)
+367.7% +36.4%
6.22 4.56 1.33
Quality of profit
Pre-tax profit ₹20.0 Cr: core business ₹14.6 Cr, other income ₹5.4 Cr.
Core profit YoY: +46.5%
· reported profit +399.3%
Cash & debt
FY26 cash from operations ₹51.0 Cr:
130% of FY26 net profit of ₹39.2 Cr.
Borrowings ₹112 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹193 ₹180
-6.7% below Net profit ₹4.0 ₹15.0
+272.0% above
M Cap ₹560 Cr
P/E 13.6
PEG —
Operating margin expanded 140 bps YoY 30% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-50.8% -0.8%
405 408 823 Operating profit
-40.2% +55.1%
32.0 20.6 53.5 OPM %
+140 bps +285 bps
7.9% 5.1% 6.5% Other income
+27.7% +32.3%
6.0 4.5 4.7 Net profit?
-47.6% +471.9%
16.0 2.8 30.5 PAT margin %
+24 bps +327 bps
4.0% 0.7% 3.7% EPS (₹)
-48.4% +463.1%
10.53 1.87 20.42
Quality of profit
Pre-tax profit ₹20.0 Cr: core business ₹14.0 Cr, other income ₹6.0 Cr.
Core profit YoY: -56.4%
· reported profit -47.6%
Cash & debt
FY26 cash from operations ₹235 Cr:
536% of FY26 net profit of ₹43.8 Cr.
Borrowings ₹341 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹656 ₹405
-38.2% below Net profit ₹15.3 ₹16.0
+4.8% in line
Into loss: a profit a year ago Operating margin expanded 1150 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-0.5% +84.1%
511 278 514 Operating profit
+228.7% +901.8%
84.2 8.4 25.6 OPM %
+1150 bps +1346 bps
16.5% 3.0% 5.0% Other income
to loss loss widened -59.1 -4.7 68.7 Net profit?
to loss loss narrowed -9.7 -23.4 41.0 PAT margin %
-988 bps +652 bps
-1.9% -8.4% 8.0% EPS (₹)
to loss loss narrowed -0.58 -1.01 1.77
Quality of profit
Pre-tax profit −₹12.3 Cr: core business ₹46.8 Cr, other income −₹59.1 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹99.0 Cr.
Borrowings ₹766 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹564 ₹511
-9.3% below
M Cap ₹556 Cr
P/E 17.6
PEG —
Profit +43% above its own trend Operating margin expanded 382 bps YoY Core business grew faster than reported profit (core profit +75%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+14.0% +21.1%
195 161 171 Operating profit
+81.8% +81.8%
20.0 11.0 11.0 OPM %
+382 bps +342 bps
10.3% 6.8% 6.4% Other income
+0.0% +0.0%
1.0 1.0 1.0 Net profit
+42.9% +100.0%
10.0 5.0 7.0 PAT margin %
+103 bps +202 bps
5.1% 3.1% 4.1% EPS (₹)
+51.1% +110.9%
2.72 1.29 1.80
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹14.0 Cr, other income ₹1.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +75.0%
· reported profit +42.9%
Cash & debt
FY26 cash from operations −₹41.0 Cr:
-141% of FY26 net profit of ₹29.2 Cr.
Borrowings ₹184 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹208 ₹195
-6.3% below Net profit ₹7.0 ₹10.0
+42.9% above
Operating margin contracted 416 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+68.3% +68.3%
175 104 104 Operating profit
+27.8% +76.9%
23.0 13.0 18.0 OPM %
-416 bps +64 bps
13.1% 12.5% 17.3% Other income
— +0.0%
1.0 1.0 0.0 Net profit
+41.7% +88.9%
17.0 9.0 12.0 PAT margin %
-182 bps +106 bps
9.7% 8.7% 11.5% EPS (₹)
-96.9% +92.6%
6.24 3.24 203.33
Quality of profit
Pre-tax profit ₹22.0 Cr: core business ₹22.0 Cr, other income ₹1.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +37.5%
· reported profit +41.7%
Cash & debt
FY26 cash from operations −₹26.0 Cr.
Borrowings ₹48.0 Cr at Mar 2026.
Turnaround: profit against a loss a year ago
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+173.4% +23.8%
156 126 57.2 Net interest income
— -35.8%
38.4 59.8 — Other income
— +81.9%
103 56.7 — Net profit?
from loss from loss 3.5 -1.2 -109 EPS (₹)
loss narrowed loss widened -8.15 -5.38 -95.45
M Cap ₹548 Cr
P/E 18.9
PEG 0.86
Profit +144% above its own trend 35% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+14.4% +3.7%
241 232 210 Operating profit
+27.7% -26.6%
8.7 11.8 6.8 OPM %
+37 bps -149 bps
3.6% 5.1% 3.2% Other income
+39.9% from loss 2.0 -0.2 1.4 Net profit
+63.7% -7.0%
4.2 4.6 2.6 PAT margin %
+53 bps -20 bps
1.8% 2.0% 1.2% EPS (₹)
+63.8% -7.0%
4.62 4.97 2.82
Quality of profit
Pre-tax profit ₹5.8 Cr: core business ₹3.8 Cr, other income ₹2.0 Cr.
Core profit YoY: +81.3%
· reported profit +63.7%
Cash & debt
Borrowings ₹4.0 Cr at Dec 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹217 ₹241
+10.7% above Net profit ₹1.7 ₹4.2
+144.3% above
Operating margin contracted 398 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.6% +4.3%
62.5 59.9 59.2 Operating profit
-17.5% -10.4%
8.9 9.9 10.8 OPM %
-398 bps -234 bps
14.2% 16.6% 18.2% Other income
-29.0% -70.2%
0.1 0.5 0.2 Net profit?
-87.1% -14.7%
4.7 5.5 36.6 PAT margin %
-5430 bps -168 bps
7.6% 9.2% 61.9% EPS (₹)
-87.9% -17.5%
0.33 0.40 2.72
Quality of profit
Pre-tax profit ₹6.4 Cr: core business ₹6.3 Cr, other income ₹0.1 Cr.
Core profit YoY: -9.3%
· reported profit -87.1%
M Cap ₹547 Cr
P/E 7.6
PEG 0.35
Profit -23% below its own trend Operating margin expanded 346 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.3% +0.3%
168 167 157 Operating profit
+32.0% +52.1%
31.0 20.4 23.5 OPM %
+346 bps +628 bps
18.5% 12.2% 15.0% Other income
-40.5% -65.6%
4.0 11.6 6.7 Net profit
+53.2% +22.8%
20.0 16.3 13.1 PAT margin %
+357 bps +218 bps
11.9% 9.7% 8.3% EPS (₹)
+51.8% +21.6%
8.06 6.63 5.31
Quality of profit
Pre-tax profit ₹25.0 Cr: core business ₹21.0 Cr, other income ₹4.0 Cr.
Core profit YoY: +61.3%
· reported profit +53.2%
Cash & debt
FY26 cash from operations ₹50.0 Cr:
73% of FY26 net profit of ₹68.4 Cr.
Borrowings ₹79.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹160 ₹168
+4.9% in line Net profit ₹26.1 ₹20.0
-23.4% below
M Cap ₹545 Cr
P/E 54.2
PEG 0.46
Profit -68% below its own trend Operating margin contracted 241 bps YoY 93% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -93%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-10.2% -5.6%
56.7 60.1 63.2 Operating profit
-30.2% -38.8%
4.8 7.8 6.8 OPM %
-241 bps -455 bps
8.4% 13.0% 10.8% Other income
+30.7% +38.0%
2.0 1.5 1.6 Net profit?
-35.7% -48.6%
1.6 3.2 2.5 PAT margin %
-113 bps -239 bps
2.9% 5.2% 4.0% EPS (₹)
+0.0% -33.3%
0.02 0.03 0.02
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹0.2 Cr, other income ₹2.0 Cr.
Core profit YoY: -92.5%
· reported profit -35.7%
Cash & debt
FY26 cash from operations ₹61.0 Cr:
549% of FY26 net profit of ₹11.1 Cr.
Borrowings ₹4.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹70.5 ₹56.7
-19.5% below Net profit ₹5.0 ₹1.6
-67.8% below
M Cap ₹541 Cr
P/E 24.9
PEG —
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+38.6% +22.2%
239 196 173 Operating profit
+47.0% -0.3%
10.2 10.3 7.0 OPM %
+24 bps -96 bps
4.3% 5.2% 4.0% Other income
-29.5% +21.3%
0.6 0.5 0.9 Net profit?
+52.2% -12.8%
5.7 6.5 3.7 PAT margin %
+21 bps -95 bps
2.4% 3.3% 2.2% EPS (₹)
+31.7% -14.0%
3.45 4.01 2.62
Quality of profit
Pre-tax profit ₹7.4 Cr: core business ₹6.8 Cr, other income ₹0.6 Cr.
Core profit YoY: +44.6%
· reported profit +52.2%
Cash & debt
FY26 cash from operations −₹37.0 Cr.
Borrowings ₹87.0 Cr at Mar 2026.
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, 08:39 IST
