Home › Quarterly results › Q4 FY26
Q4 FY26 quarterly results (January-March 2026)
5,115 companies have declared Q4 FY26 results so far, the latest on 12 Oct 2026.
Across the 4,645 non-financial companies with a year-ago quarter to compare, sales grew +12.4% and net profit +34.1% year on year, and the combined operating margin widened 10 bps to 14.3%.
For the 120 banks and lenders, net interest income grew +9.1% and net profit +11.1%.
55% of companies grew net profit; 472 turned a loss into a profit; 38% beat their own profit trend and 48% fell short of it.
5115 declared
Latest results
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The next results season has started: 45 companies have filed results for the quarter ended 30 Sep 2026.
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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 58 of 171
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M Cap ₹539 Cr
P/E 7.2
PEG 0.07
Profit +24% above its own trend Operating margin contracted 599 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+302.4% +111.8%
725 342 180 Operating profit
+136.6% +23.9%
62.0 50.0 26.2 OPM %
-599 bps -606 bps
8.6% 14.6% 14.5% Other income
-100.0% -100.0%
0.0 1.0 2.3 Net profit
+144.8% +27.7%
42.0 32.9 17.2 PAT margin %
-373 bps -381 bps
5.8% 9.6% 9.5% EPS (₹)
+172.7% +28.7%
17.07 13.26 6.26
Quality of profit
Pre-tax profit ₹55.0 Cr: core business ₹55.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +163.6%
· reported profit +144.8%
Cash & debt
FY26 cash from operations ₹13.0 Cr.
Borrowings ₹50.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹360 ₹725
+101.2% above Net profit ₹34.0 ₹42.0
+23.7% above
M Cap ₹539 Cr
P/E 38.8
PEG 1.18
Profit -95% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
-78.1% -86.0%
1.3 9.5 6.1 Net profit
-93.5% -96.0%
0.3 6.5 4.0 EPS (₹)
-93.5% -96.0%
0.88 21.96 13.57
Against its own trend ?
Trend Actual Gap
Total income ₹6.7 ₹1.3
-80.0% below Net profit ₹5.5 ₹0.3
-95.3% below
M Cap ₹538 Cr
P/E 17.9
PEG 0.74
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+23.7% +2.6%
114 111 92.2 Operating profit
+13.7% -4.8%
12.9 13.5 11.3 OPM %
-100 bps -87 bps
11.3% 12.2% 12.3% Other income
+200.0% +233.3%
0.1 0.0 0.0 Net profit?
+17.9% -7.4%
8.1 8.7 6.8 PAT margin %
-35 bps -76 bps
7.1% 7.8% 7.4% EPS (₹)
+17.0% -7.2%
1.03 1.11 0.88
Quality of profit
Pre-tax profit ₹10.1 Cr: core business ₹10.1 Cr, other income ₹0.1 Cr.
Core profit YoY: +18.2%
· reported profit +17.9%
Cash & debt
FY26 cash from operations ₹46.0 Cr:
158% of FY26 net profit of ₹29.1 Cr.
Borrowings ₹19.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹109 ₹114
+4.3% in line Net profit ₹8.5 ₹8.1
-4.8% in line
M Cap ₹532 Cr
P/E 11.3
PEG 0.28
Profit +99% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+98.1% +40.7%
1,064 756 537 Operating profit
+200.0% +87.4%
24.0 12.8 8.0 OPM %
+77 bps +56 bps
2.3% 1.7% 1.5% Other income
-85.7% -82.0%
1.0 5.6 7.0 Net profit?
+140.0% +41.0%
12.0 8.5 5.0 PAT margin %
+20 bps +0 bps
1.1% 1.1% 0.9% EPS (₹)
+137.5% +46.2%
0.38 0.26 0.16
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹16.4 Cr, other income ₹1.0 Cr.
Core profit YoY: —
· reported profit +140.0%
Cash & debt
FY26 cash from operations ₹46.0 Cr:
102% of FY26 net profit of ₹44.9 Cr.
Borrowings ₹215 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹676 ₹1,064
+57.5% above Net profit ₹6.0 ₹12.0
+98.9% above
Turnaround: profit against a loss a year ago 59% 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
— +64.8%
206 125 0.1 Operating profit
from loss +500.0%
18.0 3.0 -1.4 OPM %
— +634 bps
8.7% 2.4% — Other income
+800.0% from loss 9.0 -2.0 1.0 Net profit?
from loss from loss 14.0 -8.0 -1.4 PAT margin %
— +1320 bps
6.8% -6.4% — EPS (₹)
-70.0% from loss 6.84 -3.95 22.77
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹7.0 Cr, other income ₹9.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹23.0 Cr:
-163% of FY26 net profit of ₹14.1 Cr.
Borrowings ₹167 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹206
+999.0% above
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.9% +30.2%
5.0 3.8 4.5 Operating profit
loss widened to loss -14.0 0.1 -1.2 Other income
-90.7% -76.4%
1.0 4.2 10.7 Net profit?
loss narrowed loss narrowed -13.0 -23.9 -21.0 EPS (₹)
loss narrowed loss narrowed -11.94 -21.83 -19.23
Quality of profit
Pre-tax profit −₹13.0 Cr: core business −₹14.0 Cr, other income ₹1.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹2.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3.0 ₹5.0
+67.1% above
M Cap ₹515 Cr
P/E 19.7
PEG 1.10
Profit -18% below its own trend Operating margin contracted 148 bps YoY 88% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -76%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.2% +5.2%
98.2 93.4 84.6 Operating profit
+0.3% -20.8%
9.2 11.6 9.2 OPM %
-148 bps -307 bps
9.4% 12.4% 10.9% Other income
+578.0% +323.8%
6.2 1.5 0.9 Net profit?
+63.2% +28.5%
5.7 4.4 3.5 PAT margin %
+166 bps +104 bps
5.8% 4.7% 4.1% EPS (₹)
+62.1% +27.0%
0.47 0.37 0.29
Quality of profit
Pre-tax profit ₹7.1 Cr: core business ₹0.9 Cr, other income ₹6.2 Cr.
Core profit YoY: -76.2%
· reported profit +63.2%
Cash & debt
FY26 cash from operations ₹51.0 Cr:
233% of FY26 net profit of ₹21.9 Cr.
Borrowings ₹40.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹96.5 ₹98.2
+1.8% in line Net profit ₹6.9 ₹5.7
-18.4% below
M Cap ₹511 Cr
P/E 3.8
PEG 0.11
Profit -81% below its own trend Core business grew faster than reported profit (core profit +70%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+77.7% +174.6%
97.0 35.3 54.6 Operating profit
+77.1% +246.9%
18.6 5.4 10.5 OPM %
-7 bps +401 bps
19.2% 15.2% 19.3% Other income
to loss to loss -10.4 35.6 1.5 Net profit?
-69.4% -86.6%
4.0 29.7 13.0 PAT margin %
-1975 bps -7987 bps
4.1% 84.0% 23.9% EPS (₹)
-69.4% -86.5%
0.63 4.68 2.06
Quality of profit
Pre-tax profit ₹5.9 Cr: core business ₹16.4 Cr, other income −₹10.4 Cr.
Core profit YoY: +70.4%
· reported profit -69.4%
Cash & debt
FY26 cash from operations ₹35.0 Cr:
51% of FY26 net profit of ₹68.4 Cr.
Borrowings ₹73.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹77.2 ₹97.0
+25.7% above Net profit ₹21.3 ₹4.0
-81.3% below
Operating margin expanded 3768 bps YoY Borrowings down 53% since Mar 2025
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+95.8% -52.7%
14.0 29.6 7.1 Operating profit
loss narrowed to loss -3.0 7.4 -4.2 OPM %
+3768 bps -4624 bps
-21.4% 24.8% -59.1% Other income
— +933.1%
2.0 0.2 0.1 Net profit?
loss narrowed loss widened -60.0 -49.2 -362 EPS (₹)
loss narrowed loss narrowed -6.19 -6.78 -140.82
Quality of profit
Pre-tax profit −₹60.0 Cr: core business −₹62.0 Cr, other income ₹2.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
Borrowings ₹1,436 Cr at Sep 2025, against ₹3,040 Cr at Mar 2025 (-53% ).
Against its own trend ?
Trend Actual Gap
Sales ₹3.6 ₹14.0
+291.7% above
M Cap ₹509 Cr
P/E 16.4
PEG 0.32
Profit +95% above its own trend Operating margin contracted 659 bps YoY FY26 operating cash flow was only 48% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+173.1% +94.6%
109 56.0 39.9 Operating profit
+80.5% +40.0%
14.0 10.0 7.8 OPM %
-659 bps -501 bps
12.8% 17.9% 19.4% Other income
+103.3% —
1.0 0.0 0.5 Net profit?
+137.3% +66.7%
10.0 6.0 4.2 PAT margin %
-138 bps -154 bps
9.2% 10.7% 10.6% EPS (₹)
— +86.3%
2.85 1.53 2.29
No EPS growth against Mar 2025: 2:1 bonus in Oct 2025.
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹13.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +105.8%
· reported profit +137.3%
Cash & debt
FY26 cash from operations ₹12.0 Cr:
48% of FY26 net profit of ₹25.0 Cr.
Borrowings ₹34.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹43.9 ₹109
+148.5% above Net profit ₹5.1 ₹10.0
+95.0% above
M Cap ₹508 Cr
P/E 14.0
PEG —
36% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -36%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-36.2% +36.2%
196 144 307 Operating profit
-31.2% +175.9%
11.0 4.0 16.0 OPM %
+40 bps +284 bps
5.6% 2.8% 5.2% Other income
+400.0% +269.0%
5.0 1.4 1.0 Net profit
+0.0% +306.8%
11.0 2.7 11.0 PAT margin %
+203 bps +373 bps
5.6% 1.9% 3.6% EPS (₹)
-18.3% +300.0%
1.16 0.29 1.42
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹9.0 Cr, other income ₹5.0 Cr.
Core profit YoY: -35.7%
· reported profit +0.0%
M Cap ₹508 Cr
P/E 48.2
PEG 1.79
Operating margin contracted 2118 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
-70.6% -51.9%
30.0 62.4 102 Operating profit
loss narrowed loss widened -19.0 -3.1 -43.0 OPM %
-2118 bps -5830 bps
-63.3% -5.0% -42.2% Other income
-32.8% +247.1%
31.0 8.9 46.2 Net profit?
+42.9% +461.8%
10.0 1.8 7.0 PAT margin %
+2647 bps +3048 bps
33.3% 2.9% 6.9% EPS (₹)
+37.5% +450.0%
0.77 0.14 0.56
Quality of profit
Pre-tax profit ₹10.0 Cr: core business −₹22.0 Cr, other income ₹31.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: loss narrowed
· reported profit +42.9%
Cash & debt
FY26 cash from operations −₹112 Cr:
-9106% of FY26 net profit of ₹1.2 Cr.
Borrowings ₹2,672 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹89.0 ₹30.0
-66.3% below
M Cap ₹507 Cr
P/E 11.2
PEG 0.43
Profit +10% above its own trend Profit grew faster than the core business (core profit +0%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.0% -0.6%
16.0 16.1 16.0 Operating profit
+0.0% +4.0%
15.0 14.4 15.0 OPM %
+0 bps +413 bps
93.8% 89.6% 93.8% Other income
— —
4.0 0.1 0.0 Net profit
+44.4% +45.6%
13.0 8.9 9.0 PAT margin %
+2500 bps +2577 bps
81.2% 55.5% 56.2% EPS (₹)
+51.5% +49.3%
1.00 0.67 0.66
Quality of profit
Pre-tax profit ₹17.0 Cr: core business ₹13.0 Cr, other income ₹4.0 Cr.
Core profit YoY: +0.0%
· reported profit +44.4%
Cash & debt
FY26 cash from operations ₹46.0 Cr:
100% of FY26 net profit of ₹45.9 Cr.
Borrowings ₹5.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹16.0 ₹16.0
-0.3% in line Net profit ₹11.8 ₹13.0
+10.4% above
M Cap ₹506 Cr
P/E 20.7
PEG —
Profit -77% below its own trend Operating margin contracted 392 bps YoY 85% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -88%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-6.5% -19.0%
111 137 119 Operating profit
-62.5% -78.6%
2.9 13.6 7.8 OPM %
-392 bps -731 bps
2.6% 9.9% 6.6% Other income
+9.7% +333.0%
3.9 0.9 3.6 Net profit?
-64.0% -79.2%
1.8 8.6 4.9 PAT margin %
-256 bps -464 bps
1.6% 6.2% 4.2% EPS (₹)
-63.5% -79.1%
0.31 1.48 0.85
Quality of profit
Pre-tax profit ₹4.6 Cr: core business ₹0.7 Cr, other income ₹3.9 Cr.
Core profit YoY: -88.3%
· reported profit -64.0%
Cash & debt
FY26 cash from operations ₹24.0 Cr:
102% of FY26 net profit of ₹23.5 Cr.
Borrowings ₹13.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹136 ₹111
-18.3% below Net profit ₹7.7 ₹1.8
-76.9% below
Profit -98% 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
-94.6% -38.1%
0.9 1.5 17.1 Operating profit
— loss widened -1.8 -0.6 — Other income
— —
2.1 0.1 — Net profit?
-95.6% from loss 0.3 -0.6 6.4 PAT margin %
-699 bps +7053 bps
30.4% -40.1% 37.4% EPS (₹)
-98.4% from loss 0.05 -0.17 3.18
Quality of profit
Pre-tax profit ₹0.3 Cr: core business −₹1.8 Cr, other income ₹2.1 Cr.
Core profit YoY: —
· reported profit -95.6%
Against its own trend ?
Trend Actual Gap
Sales ₹34.2 ₹0.9
-97.3% below Net profit ₹12.8 ₹0.3
-97.8% below
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-21.4% -70.8%
130 445 165 Operating profit
loss widened to loss -139 8.0 -125 Other income
to loss —
-142 0.0 1.4 Net profit?
loss narrowed loss widened -73.0 -36.0 -174 PAT margin %
— -4806 bps
-56.2% -8.1% — EPS (₹)
loss narrowed loss widened -6.96 -3.49 -16.69
Quality of profit
Pre-tax profit −₹308 Cr: core business −₹165 Cr, other income −₹142 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹53.0 Cr.
Borrowings ₹1,495 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹161 ₹130
-19.2% below
M Cap ₹501 Cr
P/E 38.6
PEG 0.84
Profit +17% above its own trend Core business grew faster than reported profit (core profit +120%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+109.7% +58.5%
65.0 41.0 31.0 Operating profit
+116.7% +85.7%
13.0 7.0 6.0 OPM %
+65 bps +293 bps
20.0% 17.1% 19.4% Other income
— -100.0%
0.0 1.0 0.0 Net profit
+100.0% +60.0%
8.0 5.0 4.0 PAT margin %
-60 bps +11 bps
12.3% 12.2% 12.9% EPS (₹)
+114.4% +56.0%
13.51 8.66 6.30
Quality of profit
Pre-tax profit ₹11.0 Cr: core business ₹11.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +120.0%
· reported profit +100.0%
Cash & debt
FY26 cash from operations ₹8.0 Cr.
Borrowings ₹12.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹61.0 ₹65.0
+6.5% above Net profit ₹6.8 ₹8.0
+17.5% above
M Cap ₹501 Cr
P/E 15.9
PEG —
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-10.3% +6.7%
138 129 154 Operating profit
-6.5% +39.6%
18.0 12.9 19.2 OPM %
+54 bps +307 bps
13.0% 10.0% 12.5% Other income
+51.5% +35.0%
3.0 2.2 2.0 Net profit?
-16.1% +44.6%
10.0 6.9 11.9 PAT margin %
-49 bps +190 bps
7.2% 5.3% 7.7% EPS (₹)
-13.7% +53.0%
1.76 1.15 2.04
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹13.0 Cr, other income ₹3.0 Cr.
Core profit YoY: -12.6%
· reported profit -16.1%
Cash & debt
FY26 cash from operations ₹33.0 Cr:
102% of FY26 net profit of ₹32.4 Cr.
Borrowings ₹27.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹162 ₹138
-15.1% below Net profit ₹10.7 ₹10.0
-6.4% in line
M Cap ₹497 Cr
P/E 11.0
PEG 2.21
28% 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
-3.0% -6.2%
481 513 496 Operating profit
-22.7% +67.5%
17.0 10.2 22.0 OPM %
-90 bps +155 bps
3.5% 2.0% 4.4% Other income
+66.7% —
5.0 0.3 3.0 Net profit
-18.8% +157.4%
13.0 5.0 16.0 PAT margin %
-52 bps +172 bps
2.7% 1.0% 3.2% EPS (₹)
-20.3% +150.0%
5.05 2.02 6.34
Quality of profit
Pre-tax profit ₹18.0 Cr: core business ₹13.0 Cr, other income ₹5.0 Cr.
Core profit YoY: -27.8%
· reported profit -18.8%
Cash & debt
FY26 cash from operations −₹1.0 Cr:
-3% of FY26 net profit of ₹32.0 Cr.
Borrowings ₹34.0 Cr at Mar 2026.
M Cap ₹496 Cr
P/E 9.8
PEG 0.98
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
to loss to loss -5.6 27.2 0.6 Operating profit
loss widened to loss -8.9 24.9 -1.9 Other income
-42.1% +0.0%
0.2 0.2 0.4 Net profit?
loss widened to loss -9.5 19.6 -2.9 EPS (₹)
loss widened to loss -8.59 18.37 -2.54
Quality of profit
Pre-tax profit −₹9.4 Cr: core business −₹9.6 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹48.0 Cr:
126% of FY26 net profit of ₹38.2 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.7 −₹5.6
-918.9% below
M Cap ₹494 Cr
P/E 222.5
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 1831 bps YoY 66% 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
-47.5% +1.3%
20.8 20.6 39.7 Operating profit
from loss from loss 3.6 -0.3 -0.4 OPM %
+1831 bps +1864 bps
17.4% -1.3% -0.9% Other income
+86.1% +175.3%
2.0 0.7 1.1 Net profit?
from loss from loss 2.6 -2.0 -1.6 PAT margin %
+1659 bps +2225 bps
12.4% -9.8% -4.2% EPS (₹)
from loss from loss 0.39 -0.34 -0.34
Quality of profit
Pre-tax profit ₹3.0 Cr: core business ₹1.0 Cr, other income ₹2.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹6.0 Cr:
-269% of FY26 net profit of ₹2.2 Cr.
Borrowings ₹68.5 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹19.8 ₹20.8
+5.0% above
Turnaround: profit against a loss a year ago Operating margin contracted 141 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
+5.3% +17.9%
171 145 162 Operating profit
-23.1% from loss 6.5 -0.9 8.5 OPM %
-141 bps +445 bps
3.8% -0.6% 5.2% Other income
from loss —
1,090 0.2 -477 Net profit
from loss from loss 1,083 -16.5 -488 EPS (₹)
from loss from loss 83.73 -1.28 -42.16
Quality of profit
Pre-tax profit ₹1,083 Cr: core business −₹7.5 Cr, other income ₹1,090 Cr.
Core profit YoY: loss narrowed
M Cap ₹492 Cr
P/E 11.3
PEG 0.08
Operating margin expanded 950 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+79.8% +141.2%
293 121 163 Operating profit
+388.9% +192.0%
44.0 15.1 9.0 OPM %
+950 bps +261 bps
15.0% 12.4% 5.5% Other income
— +541.0%
3.0 0.5 0.0 Net profit?
+450.0% +217.3%
33.0 10.4 6.0 PAT margin %
+758 bps +270 bps
11.3% 8.6% 3.7% EPS (₹)
+419.0% +185.8%
25.12 8.79 4.84
Quality of profit
Pre-tax profit ₹41.0 Cr: core business ₹38.0 Cr, other income ₹3.0 Cr.
Core profit YoY: +375.0%
· reported profit +450.0%
Cash & debt
FY26 cash from operations ₹29.0 Cr.
Borrowings ₹109 Cr at Mar 2026.
M Cap ₹491 Cr
P/E 8.0
PEG 0.09
Profit +779% above its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+373.3% +69.0%
71.0 42.0 15.0 Net profit
— +0.0%
17.0 17.0 1.0 EPS (₹)
— +4.5%
0.92 0.88 0.06
Against its own trend ?
Trend Actual Gap
Total income ₹9.1 ₹71.0
+681.7% above Net profit ₹1.9 ₹17.0
+779.3% above
M Cap ₹490 Cr
P/E 19.8
PEG 9.88
Into loss: a profit a year ago Profit -100% below its own trend Operating margin contracted 238 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
+14.6% -0.7%
347 350 303 Operating profit
to loss to loss -0.0 12.3 7.2 OPM %
-238 bps -352 bps
-0.0% 3.5% 2.4% Other income
-54.7% -23.0%
3.9 5.0 8.6 Net profit
to loss to loss -0.1 10.9 8.9 PAT margin %
-296 bps -313 bps
-0.0% 3.1% 2.9% EPS (₹)
to loss to loss -0.01 2.73 2.23
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹2.9 Cr, other income ₹3.9 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations −₹21.0 Cr:
-96% of FY26 net profit of ₹21.9 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹314 ₹347
+10.4% above Net profit ₹11.0 −₹0.1
-100.5% below
Operating margin contracted 1545 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-45.0% +120.0%
11.0 5.0 20.0 Operating profit
loss narrowed —
-5.0 -5.0 -6.0 OPM %
-1545 bps +5455 bps
-45.5% -100.0% -30.0% Other income
to loss to loss -78.0 15.0 7.0 Net profit
loss widened to loss -83.0 9.0 -1.0 EPS (₹)
loss widened to loss -3.24 0.33 -0.02
Quality of profit
Pre-tax profit −₹84.0 Cr: core business −₹6.0 Cr, other income −₹78.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹10.0 Cr.
Borrowings ₹4.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹19.3 ₹11.0
-43.1% below
M Cap ₹487 Cr
P/E 35.8
PEG 3.98
Profit +185% above its own trend Profit grew faster than the core business (core profit +100%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+45.2% +26.1%
106 84.1 73.0 Operating profit
+37.5% +5.3%
11.0 10.4 8.0 OPM %
-58 bps -205 bps
10.4% 12.4% 11.0% Other income
+0.0% +0.0%
1.0 1.0 1.0 Net profit?
+166.7% +42.8%
8.0 5.6 3.0 PAT margin %
+344 bps +88 bps
7.5% 6.7% 4.1% EPS (₹)
+75.0% +17.0%
4.20 3.59 2.40
Quality of profit
Pre-tax profit ₹10.0 Cr: core business ₹8.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +100.0%
· reported profit +166.7%
Cash & debt
FY26 cash from operations ₹34.0 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹73.0 ₹106
+45.3% above Net profit ₹2.8 ₹8.0
+185.0% above
Profit +50% above its own trend Operating margin expanded 176 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.8% +13.4%
211 186 199 Operating profit
+31.5% +96.5%
19.0 9.7 14.5 OPM %
+176 bps +382 bps
9.0% 5.2% 7.3% Other income
+51.9% +9.2%
3.7 3.4 2.4 Net profit?
+44.8% +114.4%
13.9 6.5 9.6 PAT margin %
+178 bps +310 bps
6.6% 3.5% 4.8%
Quality of profit
Pre-tax profit ₹18.3 Cr: core business ₹14.7 Cr, other income ₹3.7 Cr.
Core profit YoY: +41.4%
· reported profit +44.8%
Against its own trend ?
Trend Actual Gap
Sales ₹201 ₹211
+4.9% in line Net profit ₹9.2 ₹13.9
+50.4% above
Turnaround: profit against a loss a year ago Operating margin contracted 305 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
-19.0% +20.9%
74.8 61.9 92.3 Operating profit
-36.1% from loss 8.5 -1.3 13.3 OPM %
-305 bps +1345 bps
11.4% -2.1% 14.4% Other income
+103.5% +50.6%
2.8 1.9 1.4 Net profit?
from loss from loss 0.5 -4.5 -9.2 PAT margin %
+1059 bps +784 bps
0.6% -7.2% -10.0% EPS (₹)
from loss from loss 0.33 -3.10 -6.41
Quality of profit
Pre-tax profit ₹1.2 Cr: core business −₹1.6 Cr, other income ₹2.8 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹38.0 Cr.
Borrowings ₹126 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹94.9 ₹74.8
-21.2% below
M Cap ₹484 Cr
P/E 7.0
PEG 0.23
Operating margin expanded 179 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.2% +453.8%
548 99.0 471 Operating profit
+21.1% from loss 246 -31.6 203 OPM %
+179 bps +7684 bps
44.9% -32.0% 43.1% Other income
-84.2% -86.5%
1.0 7.4 6.3 Net profit?
+20.1% from loss 170 -28.7 142 PAT margin %
+99 bps +6002 bps
31.0% -29.0% 30.0% EPS (₹)
+19.6% from loss 48.14 -7.90 40.26
Quality of profit
Pre-tax profit ₹229 Cr: core business ₹228 Cr, other income ₹1.0 Cr.
Core profit YoY: +22.0%
· reported profit +20.1%
Cash & debt
FY26 cash from operations ₹75.0 Cr:
102% of FY26 net profit of ₹73.6 Cr.
Borrowings ₹136 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹487 ₹548
+12.5% above
How to read this page
The numbers. Each card is one company's Q4 FY26 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter,
before minority interest. A company's own headline, and the AI read of its filing, often quote the profit
attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's
Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that
attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two
are the same.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 14 Oct 2026, 09:22 IST
