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
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M Cap ₹361 Cr
P/E 15.3
PEG —
Profit -18% below its own trend Operating margin expanded 182 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-27.3% +92.7%
289 150 397 Operating profit
-16.3% +135.3%
40.0 17.0 47.8 OPM %
+182 bps +251 bps
13.8% 11.3% 12.0% Other income
+80.1% +150.0%
5.0 2.0 2.8 Net profit?
-17.1% —
19.0 0.0 22.9 PAT margin %
+80 bps +657 bps
6.6% 0.0% 5.8% EPS (₹)
-14.0% —
2.65 0.06 3.08
Quality of profit
Pre-tax profit ₹28.0 Cr: core business ₹23.0 Cr, other income ₹5.0 Cr.
Core profit YoY: -14.7%
· reported profit -17.1%
Cash & debt
FY26 cash from operations ₹132 Cr:
493% of FY26 net profit of ₹26.8 Cr.
Borrowings ₹432 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹416 ₹289
-30.5% below Net profit ₹23.2 ₹19.0
-18.1% below
Operating margin contracted 301 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.5% +29.9%
151 116 126 Operating profit
-2.3% +74.0%
20.4 11.7 20.9 OPM %
-301 bps +342 bps
13.5% 10.1% 16.5% Other income
-16.9% -36.3%
1.6 2.5 1.9 Net profit?
+18.5% +200.5%
11.6 3.9 9.8 PAT margin %
-7 bps +437 bps
7.7% 3.3% 7.8% EPS (₹)
-8.5% +139.0%
1.84 0.77 2.01
Quality of profit
Pre-tax profit ₹13.9 Cr: core business ₹12.3 Cr, other income ₹1.6 Cr.
Core profit YoY: -7.0%
· reported profit +18.5%
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+463.3% —
73.0 4.9 13.0 Operating profit
loss narrowed loss widened -56.0 -26.1 -68.6 OPM %
— —
-76.7% — — Other income
-70.2% -44.6%
4.0 7.2 13.4 Net profit
loss narrowed loss widened -66.0 -37.3 -78.6 PAT margin %
— —
-90.4% — — EPS (₹)
loss narrowed loss widened -15.03 -8.50 -20.76
Quality of profit
Pre-tax profit −₹77.0 Cr: core business −₹81.0 Cr, other income ₹4.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹201 Cr.
Borrowings ₹1,989 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹13.3 ₹73.0
+447.7% above
M Cap ₹358 Cr
P/E 34.0
PEG —
Profit -50% below its own trend Operating margin contracted 110 bps YoY 29% of pre-tax profit came from other income and one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+20.4% +8.3%
130 120 108 Operating profit
+0.0% -2.2%
7.0 7.2 7.0 OPM %
-110 bps -58 bps
5.4% 6.0% 6.5% Other income
+100.0% +100.1%
2.0 1.0 1.0 Net profit?
+0.0% -9.2%
5.0 5.5 5.0 PAT margin %
-78 bps -74 bps
3.8% 4.6% 4.6% EPS (₹)
+25.3% +14.3%
5.50 4.81 4.39
Quality of profit
Pre-tax profit ₹7.0 Cr: core business ₹5.0 Cr, other income ₹2.0 Cr.
Core profit YoY: -16.7%
· reported profit +0.0%
Cash & debt
FY26 cash from operations −₹14.0 Cr.
Borrowings ₹21.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹154 ₹130
-15.4% below Net profit ₹10.0 ₹5.0
-50.0% below
Operating margin expanded 391 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.7% +30.6%
89.5 68.6 81.6 Operating profit
+23.6% +24.2%
31.1 25.0 25.1 OPM %
+391 bps -179 bps
34.7% 36.5% 30.8% Other income
+0.3% -32.2%
0.5 0.7 0.5 Net profit?
+8.2% +63.8%
8.5 5.2 7.9 PAT margin %
-13 bps +193 bps
9.5% 7.6% 9.7% EPS (₹)
+8.0% +63.6%
1.08 0.66 1.00
Quality of profit
Pre-tax profit ₹11.6 Cr: core business ₹11.1 Cr, other income ₹0.5 Cr.
Core profit YoY: +10.5%
· reported profit +8.2%
Cash & debt
Borrowings ₹138 Cr at Mar 2026.
M Cap ₹356 Cr
P/E 10.0
PEG 0.14
Profit -26% below its own trend Operating margin contracted 324 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.1% +9.9%
90.1 82.0 90.0 Operating profit
-18.0% -9.4%
13.2 14.6 16.1 OPM %
-324 bps -313 bps
14.7% 17.8% 17.9% Other income
from loss -53.7%
0.3 0.7 -2.3 Net profit
+48.9% -21.1%
7.1 9.0 4.8 PAT margin %
+259 bps -311 bps
7.9% 11.0% 5.3% EPS (₹)
+48.2% -21.7%
0.83 1.06 0.56
Quality of profit
Pre-tax profit ₹10.1 Cr: core business ₹9.8 Cr, other income ₹0.3 Cr.
Core profit YoY: -6.1%
· reported profit +48.9%
Cash & debt
FY26 cash from operations ₹61.0 Cr:
165% of FY26 net profit of ₹37.0 Cr.
Borrowings ₹41.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹94.9 ₹90.1
-5.1% below Net profit ₹9.6 ₹7.1
-25.6% below
Operating margin expanded 1869 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
-0.4% +3.4%
67.0 64.8 67.3 Operating profit
loss narrowed loss narrowed -13.0 -16.1 -25.6 OPM %
+1869 bps +537 bps
-19.4% -24.8% -38.1% Other income
+216.3% +58.7%
54.0 34.0 17.1 Net profit?
-99.5% +415.0%
31.0 6.0 5,766 PAT margin %
— +3698 bps
46.3% 9.3% — EPS (₹)
-99.5% +426.3%
1.00 0.19 185.59
Quality of profit
Pre-tax profit ₹31.0 Cr: core business −₹23.0 Cr, other income ₹54.0 Cr.
Core profit YoY: loss narrowed
· reported profit -99.5%
Cash & debt
FY26 cash from operations −₹107 Cr.
Borrowings ₹219 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33.9 ₹67.0
+97.4% above
Turnaround: profit against a loss a year ago Operating margin expanded 1142 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+74.2% +40.9%
155 110 89.0 Operating profit
from loss +80.0%
9.0 5.0 -5.0 OPM %
+1142 bps +126 bps
5.8% 4.5% -5.6% Other income
from loss +700.0%
8.0 1.0 -7.0 Net profit
from loss from loss 49.0 -44.0 -50.0 PAT margin %
+8779 bps +7161 bps
31.6% -40.0% -56.2% EPS (₹)
from loss from loss 5.26 -4.79 -5.41
Quality of profit
Pre-tax profit −₹41.0 Cr: core business −₹48.0 Cr, other income ₹8.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations −₹25.0 Cr.
Borrowings ₹1,127 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹134 ₹155
+15.9% above
M Cap ₹355 Cr
P/E 41.5
PEG —
Operating margin contracted 397 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.0% +17.2%
212 181 188 Operating profit
-20.5% +50.8%
20.0 13.2 25.1 OPM %
-397 bps +210 bps
9.4% 7.3% 13.4% Other income
from loss from loss 0.4 -0.0 -0.1 Net profit
-5.5% +798.3%
5.3 0.6 5.6 PAT margin %
-49 bps +217 bps
2.5% 0.3% 3.0% EPS (₹)
-5.5% +788.6%
3.11 0.35 3.29
Quality of profit
Pre-tax profit ₹6.3 Cr: core business ₹5.9 Cr, other income ₹0.4 Cr.
Core profit YoY: -32.6%
· reported profit -5.5%
Cash & debt
FY26 cash from operations ₹80.0 Cr:
715% of FY26 net profit of ₹11.2 Cr.
Borrowings ₹166 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹208 ₹212
+2.1% in line Net profit ₹5.2 ₹5.3
+2.6% in line
M Cap ₹354 Cr
P/E 19.9
PEG 0.66
Profit -48% below its own trend Operating margin contracted 190 bps YoY 47% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -63%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+22.8% +5.9%
130 123 106 Operating profit
+0.2% -25.1%
11.0 14.7 11.0 OPM %
-190 bps -348 bps
8.4% 11.9% 10.3% Other income
+396.1% from loss 2.5 -0.2 0.5 Net profit?
-32.0% -26.6%
4.5 6.1 6.5 PAT margin %
-275 bps -151 bps
3.4% 4.9% 6.2% EPS (₹)
+15.4% +2.0%
1.50 1.47 1.30
Quality of profit
Pre-tax profit ₹5.4 Cr: core business ₹2.9 Cr, other income ₹2.5 Cr.
Core profit YoY: -62.7%
· reported profit -32.0%
Cash & debt
FY26 cash from operations ₹60.0 Cr:
310% of FY26 net profit of ₹19.4 Cr.
Borrowings ₹98.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹136 ₹130
-4.4% in line Net profit ₹8.6 ₹4.5
-48.4% below
M Cap ₹354 Cr
P/E 10.9
PEG —
Profit -21% below its own trend Operating margin contracted 420 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.2% +6.0%
274 258 246 Operating profit
-17.5% +32.0%
33.0 25.0 40.0 OPM %
-420 bps +237 bps
12.1% 9.7% 16.3% Other income
+135.0% +135.0%
2.4 1.0 1.0 Net profit
-20.4% +32.6%
15.9 12.0 20.0 PAT margin %
-231 bps +117 bps
5.8% 4.7% 8.1% EPS (₹)
-19.4% +108.0%
1.83 0.88 2.27
Quality of profit
Pre-tax profit ₹24.8 Cr: core business ₹22.4 Cr, other income ₹2.4 Cr.
Core profit YoY: -25.3%
· reported profit -20.4%
Cash & debt
FY26 cash from operations ₹96.0 Cr:
197% of FY26 net profit of ₹48.8 Cr.
Borrowings ₹425 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹192 ₹274
+42.6% above Net profit ₹20.3 ₹15.9
-21.5% below
M Cap ₹354 Cr
P/E 10.9
PEG —
Operating margin contracted 513 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+12.2% -16.4%
78.0 93.3 69.5 Operating profit
-17.3% -21.0%
11.2 14.2 13.6 OPM %
-513 bps -83 bps
14.4% 15.2% 19.5% Other income
-19.9% +144.2%
0.9 0.4 1.2 Net profit?
-3.7% -14.8%
8.9 10.5 9.3 PAT margin %
-188 bps +22 bps
11.5% 11.2% 13.3% EPS (₹)
-11.7% -15.7%
2.26 2.68 2.56
Quality of profit
Pre-tax profit ₹11.0 Cr: core business ₹10.1 Cr, other income ₹0.9 Cr.
Core profit YoY: -14.9%
· reported profit -3.7%
Cash & debt
FY26 cash from operations −₹40.0 Cr:
-112% of FY26 net profit of ₹35.7 Cr.
Borrowings ₹11.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹71.0 ₹78.0
+9.8% above Net profit ₹9.3 ₹8.9
-4.0% in line
M Cap ₹354 Cr
P/E 10.2
PEG 0.46
Profit -35% below its own trend Operating margin contracted 443 bps YoY 91% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -84%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.8% +7.4%
55.8 52.0 52.8 Operating profit
-42.8% -73.9%
2.9 11.2 5.1 OPM %
-443 bps -1625 bps
5.2% 21.5% 9.6% Other income
+23.5% -12.0%
5.4 6.1 4.3 Net profit?
-15.8% -59.4%
5.2 12.8 6.2 PAT margin %
-237 bps -1530 bps
9.3% 24.6% 11.7% EPS (₹)
-16.7% -59.5%
0.30 0.74 0.36
Quality of profit
Pre-tax profit ₹5.9 Cr: core business ₹0.5 Cr, other income ₹5.4 Cr.
Core profit YoY: -83.8%
· reported profit -15.8%
Cash & debt
FY26 cash from operations −₹4.0 Cr:
-14% of FY26 net profit of ₹28.7 Cr.
Borrowings ₹49.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹58.8 ₹55.8
-5.1% below Net profit ₹8.0 ₹5.2
-35.0% below
M Cap ₹354 Cr
P/E 23.9
PEG —
Profit +142% above its own trend FY26 operating cash flow was only 41% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+2.8% -3.2%
89.5 92.5 87.0 Operating profit
-0.9% -50.9%
4.3 8.7 4.3 OPM %
-18 bps -466 bps
4.8% 9.5% 5.0% Other income
from loss -81.7%
0.1 0.5 -0.2 Net profit?
+175.4% +1.1%
3.7 3.7 1.4 PAT margin %
+262 bps +18 bps
4.2% 4.0% 1.6% EPS (₹)
— +0.0%
0.22 0.22 0.02
Quality of profit
Pre-tax profit ₹2.1 Cr: core business ₹2.0 Cr, other income ₹0.1 Cr.
Core profit YoY: +22.2%
· reported profit +175.4%
Cash & debt
FY26 cash from operations ₹6.0 Cr:
41% of FY26 net profit of ₹14.6 Cr.
Borrowings ₹50.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹157 ₹89.5
-43.1% below Net profit ₹1.5 ₹3.7
+142.0% above
M Cap ₹353 Cr
P/E 69.6
PEG —
Profit +327% above its own trend Core business grew faster than reported profit (core profit +261%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+44.4% +59.1%
59.9 37.7 41.5 Operating profit
+58.9% +404.6%
6.1 1.2 3.9 OPM %
+94 bps +699 bps
10.2% 3.2% 9.3% Other income
+185.8% +1.4%
0.9 0.9 0.3 Net profit?
+113.7% from loss 2.6 -1.4 1.2 PAT margin %
+141 bps +806 bps
4.3% -3.7% 2.9% EPS (₹)
+116.7% from loss 0.39 -0.22 0.18
Quality of profit
Pre-tax profit ₹3.6 Cr: core business ₹2.8 Cr, other income ₹0.9 Cr.
Core profit YoY: +260.6%
· reported profit +113.7%
Cash & debt
FY26 cash from operations ₹26.0 Cr:
513% of FY26 net profit of ₹5.1 Cr.
Borrowings ₹20.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹34.5 ₹59.9
+73.8% above Net profit ₹0.6 ₹2.6
+327.5% above
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— —
218 2.0 1.0 Operating profit
loss narrowed loss widened -24.0 -23.0 -147 OPM %
— —
-11.0% — — Other income
-41.7% from loss 7.0 -19.0 12.0 Net profit?
loss narrowed loss narrowed -31.0 -41.0 -114 PAT margin %
— —
-14.2% — — EPS (₹)
loss narrowed loss narrowed -8.24 -21.20 -104.92
Quality of profit
Pre-tax profit −₹36.0 Cr: core business −₹42.0 Cr, other income ₹7.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹23.0 Cr.
Borrowings ₹271 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.5 ₹218
+999.0% above
M Cap ₹352 Cr
P/E 10.6
PEG —
Profit +94% above its own trend Core business grew faster than reported profit (core profit +70%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+27.6% +13.8%
255 224 200 Operating profit
+53.1% -19.0%
9.3 11.5 6.1 OPM %
+61 bps -148 bps
3.7% 5.1% 3.0% Other income
-17.2% -16.1%
1.6 1.9 1.9 Net profit?
+29.3% -30.5%
6.4 9.2 4.9 PAT margin %
+3 bps -159 bps
2.5% 4.1% 2.5% EPS (₹)
+29.6% -30.6%
1.27 1.83 0.98
Quality of profit
Pre-tax profit ₹9.3 Cr: core business ₹7.7 Cr, other income ₹1.6 Cr.
Core profit YoY: +70.3%
· reported profit +29.3%
Cash & debt
FY26 cash from operations ₹64.0 Cr:
189% of FY26 net profit of ₹33.9 Cr.
Borrowings ₹9.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹244 ₹255
+4.6% in line Net profit ₹3.3 ₹6.4
+94.4% above
M Cap ₹352 Cr
P/E 269.1
PEG —
Turnaround: profit against a loss a year ago
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+21.2% +15.6%
63.1 54.6 52.1 Other income
+66.7% +0.0%
0.1 0.1 0.1 Net profit
from loss +34.3%
0.5 0.3 -5.3 PAT margin %
+1090 bps +10 bps
0.7% 0.6% -10.2% EPS (₹)
from loss +40.0%
0.07 0.05 -0.81
Operating margin contracted 1598 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-3.1% -2.6%
20.5 21.0 21.1 Operating profit
loss widened loss widened -4.1 -1.7 -0.8 OPM %
-1598 bps -1178 bps
-19.9% -8.1% -3.9% Other income
-17.1% +107.9%
1.3 0.6 1.6 Net profit
loss narrowed loss widened -2.6 -0.8 -7.6 PAT margin %
+2302 bps -899 bps
-12.8% -3.8% -35.9% EPS (₹)
loss narrowed loss widened -0.25 -0.08 -0.71
Quality of profit
Pre-tax profit −₹2.8 Cr: core business −₹4.1 Cr, other income ₹1.3 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations −₹3.3 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹21.4 ₹20.5
-4.3% in line
M Cap ₹351 Cr
P/E 11.1
PEG —
Into loss: a profit a year ago Profit -172% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+8.5% +4.3%
67.9 65.1 62.6 Net profit?
to loss to loss -7.1 15.3 8.6 EPS (₹)
to loss to loss -0.34 0.32 0.20
Against its own trend ?
Trend Actual Gap
Total income ₹69.8 ₹67.9
-2.8% in line Net profit ₹9.9 −₹7.1
-171.9% below
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-100.0% —
0.0 0.0 44.1 Operating profit
to loss loss widened -4.0 -3.4 4.8 Other income
-92.8% -36.7%
1.4 2.3 19.9 Net profit?
loss narrowed loss widened -3.0 -1.1 -195 EPS (₹)
loss narrowed loss widened -0.02 -0.01 -0.83
Quality of profit
Pre-tax profit −₹2.6 Cr: core business −₹4.1 Cr, other income ₹1.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹6.0 Cr.
Borrowings ₹701 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹22.1 ₹0.0
-100.0% below
Operating margin expanded 3404 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
+67.4% +2.9%
52.2 50.7 31.2 Operating profit
from loss from loss 6.0 -1.1 -7.0 OPM %
+3404 bps +1369 bps
11.4% -2.3% -22.6% Other income
+395.8% +271.3%
57.1 15.4 11.5 Net profit?
loss narrowed loss narrowed -8.5 -9.4 -47.5 PAT margin %
— +229 bps
-16.2% -18.5% — EPS (₹)
loss narrowed loss narrowed -0.55 -0.61 -3.87
Quality of profit
Pre-tax profit ₹44.1 Cr: core business −₹13.0 Cr, other income ₹57.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹39.0 Cr.
Borrowings ₹989 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹50.6 ₹52.2
+3.1% in line
M Cap ₹350 Cr
P/E 23.8
PEG —
Operating margin expanded 169 bps YoY 93% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+54.8% +186.3%
436 152 282 Operating profit
+127.8% +188.3%
23.0 8.0 10.1 OPM %
+169 bps +4 bps
5.3% 5.2% 3.6% Other income
+127.3% —
14.0 0.6 6.2 Net profit
+617.5% from loss 15.0 -0.1 2.1 PAT margin %
+270 bps +349 bps
3.4% -0.0% 0.7% EPS (₹)
+621.5% from loss 4.69 -0.02 0.65
Quality of profit
Pre-tax profit ₹15.0 Cr: core business ₹1.0 Cr, other income ₹14.0 Cr.
Core profit YoY: from loss
· reported profit +617.5%
Cash & debt
FY26 cash from operations ₹158 Cr:
1481% of FY26 net profit of ₹10.7 Cr.
Borrowings ₹208 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹354 ₹436
+23.3% above
M Cap ₹350 Cr
P/E 11.4
PEG —
Profit +36% above its own trend Operating margin expanded 427 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.6% +7.7%
366 340 340 Operating profit
+69.1% +13.8%
43.0 37.8 25.4 OPM %
+427 bps +63 bps
11.7% 11.1% 7.5% Other income
to loss to loss -4.0 3.6 7.0 Net profit?
+87.5% -21.4%
11.0 14.0 5.9 PAT margin %
+128 bps -111 bps
3.0% 4.1% 1.7% EPS (₹)
+96.5% -17.8%
3.36 4.09 1.71
Quality of profit
Pre-tax profit ₹15.0 Cr: core business ₹20.0 Cr, other income −₹4.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: —
· reported profit +87.5%
Cash & debt
FY26 cash from operations ₹118 Cr:
385% of FY26 net profit of ₹30.7 Cr.
Borrowings ₹475 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹342 ₹366
+7.1% above Net profit ₹8.1 ₹11.0
+35.9% above
M Cap ₹348 Cr
P/E 14.5
PEG —
Profit +52% above its own trend Gross NPA up 208 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+19.0% +3.8%
167 161 140 Net interest income
+27.8% —
89.0 — 69.7 Other income
-87.6% —
0.4 — 3.1 Net profit
-16.4% -29.8%
5.4 7.7 6.4 EPS (₹)
-16.4% -29.9%
3.26 4.65 3.90 Gross NPA %
+208 bps +52 bps
7.0% 6.4% 4.9% Net NPA %
+182 bps +48 bps
4.1% 3.6% 2.3%
Against its own trend ?
Trend Actual Gap
NII ₹86.9 ₹89.0
+2.4% in line Net profit ₹3.5 ₹5.4
+52.2% above
M Cap ₹346 Cr
P/E 27.2
PEG —
Profit -39% below its own trend Operating margin contracted 132 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-0.4% +19.2%
44.4 37.3 44.6 Operating profit
-9.6% -14.7%
5.8 6.7 6.4 OPM %
-132 bps -515 bps
13.0% 18.1% 14.3% Other income
-79.8% -25.7%
0.2 0.3 1.1 Net profit?
-43.9% -36.3%
2.0 3.2 3.6 PAT margin %
-353 bps -396 bps
4.5% 8.5% 8.1% EPS (₹)
-48.6% -28.2%
0.89 1.24 1.73
Quality of profit
Pre-tax profit ₹2.8 Cr: core business ₹2.6 Cr, other income ₹0.2 Cr.
Core profit YoY: -27.2%
· reported profit -43.9%
Cash & debt
FY26 cash from operations ₹19.0 Cr:
159% of FY26 net profit of ₹11.9 Cr.
Borrowings ₹68.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹53.6 ₹44.4
-17.1% below Net profit ₹3.3 ₹2.0
-38.7% below
M Cap ₹343 Cr
P/E 82.3
PEG 41.14
Profit +363% above its own trend Operating margin expanded 678 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+75.3% +96.5%
189 96.4 108 Operating profit
from loss from loss 4.3 -1.5 -4.9 OPM %
+678 bps +386 bps
2.3% -1.6% -4.5% Other income
to loss to loss -0.4 4.2 7.5 Net profit
+231.8% +173.7%
1.6 0.6 0.5 PAT margin %
+39 bps +23 bps
0.8% 0.6% 0.4% EPS (₹)
— +175.0%
0.55 0.20 0.02
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹1.7 Cr, other income −₹0.4 Cr.
Core profit YoY: from loss
· reported profit +231.8%
Cash & debt
FY26 cash from operations ₹10.0 Cr:
221% of FY26 net profit of ₹4.5 Cr.
Borrowings ₹50.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹82.2 ₹189
+130.4% above Net profit ₹0.3 ₹1.6
+363.2% above
M Cap ₹343 Cr
P/E 83.0
PEG 1.28
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Total income
+128.2% +49.7%
2.4 1.6 1.0 Net profit
+216.2% +128.7%
2.1 0.9 0.7 EPS (₹)
+200.0% +114.3%
0.15 0.07 0.05
Against its own trend ?
Trend Actual Gap
Total income ₹1.6 ₹2.4
+46.3% above
M Cap ₹343 Cr
P/E 13.4
PEG —
Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+20.0% +10.7%
141 127 118 Operating profit
+13.6% +15.6%
15.1 13.1 13.3 OPM %
-60 bps +45 bps
10.7% 10.2% 11.3% Other income
+106.7% +14.8%
0.3 0.3 0.1 Net profit?
+36.5% +49.5%
8.5 5.7 6.2 PAT margin %
+73 bps +157 bps
6.0% 4.5% 5.3% EPS (₹)
+36.5% +49.4%
3.48 2.33 2.55
Quality of profit
Pre-tax profit ₹11.2 Cr: core business ₹10.9 Cr, other income ₹0.3 Cr.
Core profit YoY: +31.5%
· reported profit +36.5%
Cash & debt
FY26 cash from operations −₹3.0 Cr:
-11% of FY26 net profit of ₹26.6 Cr.
Borrowings ₹161 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹148 ₹141
-4.4% in line Net profit ₹8.5 ₹8.5
+0.0% in line
M Cap ₹342 Cr
P/E 18.3
PEG —
Profit +365% above its own trend Operating margin expanded 405 bps YoY 29% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +175%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-6.1% +35.7%
129 95.3 138 Operating profit
+102.6% +14.9%
9.8 8.5 4.8 OPM %
+405 bps -137 bps
7.6% 8.9% 3.5% Other income
+52.0% +104.0%
3.8 1.9 2.5 Net profit
+132.6% +176.7%
9.4 3.4 4.0 PAT margin %
+433 bps +370 bps
7.3% 3.6% 2.9% EPS (₹)
+133.1% +176.7%
6.06 2.19 2.60
Quality of profit
Pre-tax profit ₹13.0 Cr: core business ₹9.2 Cr, other income ₹3.8 Cr.
Core profit YoY: +175.3%
· reported profit +132.6%
Cash & debt
FY26 cash from operations ₹28.0 Cr:
159% of FY26 net profit of ₹17.6 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹92.7 ₹129
+39.5% above Net profit ₹2.0 ₹9.4
+365.2% 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, 10:39 IST
