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: 47 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
-3.2%
median; 34% 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 ₹147 Cr
P/E 11.8
PEG —
Profit +999% above its own trend Operating margin expanded 115 bps YoY 48% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.3% -3.1%
57.2 59.1 54.4 Operating profit
+19.2% +2.0%
5.7 5.5 4.8 OPM %
+115 bps +50 bps
9.9% 9.4% 8.7% Other income
+171.8% -20.3%
1.1 1.3 0.4 Net profit
— +30.4%
3.1 2.4 0.2 PAT margin %
+506 bps +141 bps
5.5% 4.1% 0.4% EPS (₹)
— +30.7%
3.02 2.31 0.21
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹1.1 Cr, other income ₹1.1 Cr.
Core profit YoY: +197.4%
Cash & debt
FY26 cash from operations ₹25.0 Cr:
227% of FY26 net profit of ₹11.0 Cr.
Borrowings ₹39.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹56.8 ₹57.2
+0.7% in line Net profit ₹0.2 ₹3.1
+999.0% above
M Cap ₹146 Cr
P/E 7.3
PEG 1.46
Profit +22% above its own trend Operating margin expanded 493 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+5.8% +0.0%
110 110 104 Operating profit
+60.0% +0.0%
16.0 16.0 10.0 OPM %
+493 bps +0 bps
14.5% 14.5% 9.6% Other income
+0.0% +0.0%
1.0 1.0 1.0 Net profit
+11.1% +0.0%
10.0 10.0 9.0 PAT margin %
+44 bps +0 bps
9.1% 9.1% 8.7% EPS (₹)
+14.5% -0.4%
4.57 4.59 3.99
Quality of profit
Pre-tax profit ₹13.0 Cr: core business ₹12.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +20.0%
· reported profit +11.1%
Cash & debt
FY26 cash from operations ₹3.0 Cr.
Borrowings ₹69.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹124 ₹110
-11.0% below Net profit ₹8.2 ₹10.0
+22.2% above
M Cap ₹146 Cr
P/E 13.3
PEG 0.01
Profit +20% above its own trend
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+21.1% +35.3%
184 136 152 Operating profit
+28.6% +50.0%
9.0 6.0 7.0 OPM %
+29 bps +48 bps
4.9% 4.4% 4.6% Other income
— —
0.0 0.0 0.0 Net profit
+40.0% +75.0%
7.0 4.0 5.0 PAT margin %
+51 bps +86 bps
3.8% 2.9% 3.3% EPS (₹)
+45.6% +74.9%
12.14 6.94 8.34
Quality of profit
Pre-tax profit ₹7.0 Cr: core business ₹6.0 Cr, other income ₹0.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +20.0%
· reported profit +40.0%
Cash & debt
Borrowings ₹10.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹175 ₹184
+5.2% above Net profit ₹5.8 ₹7.0
+20.0% above
M Cap ₹146 Cr
P/E 18.3
PEG 1.67
Profit +136% above its own trend Operating margin expanded 224 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-30.7% +298.8%
109 27.2 157 Operating profit
+0.6% +117.8%
7.8 3.6 7.8 OPM %
+224 bps -598 bps
7.2% 13.2% 5.0% Other income
+400.0% —
0.0 0.0 0.0 Net profit
+18.0% +177.8%
4.6 1.7 3.9 PAT margin %
+176 bps -186 bps
4.3% 6.1% 2.5% EPS (₹)
+0.9% +176.2%
1.16 0.42 1.15
Quality of profit
Pre-tax profit ₹6.3 Cr: core business ₹6.2 Cr, other income ₹0.0 Cr.
Core profit YoY: +33.1%
· reported profit +18.0%
Cash & debt
FY26 cash from operations −₹7.0 Cr:
-83% of FY26 net profit of ₹8.4 Cr.
Borrowings ₹157 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹146 ₹109
-25.7% below Net profit ₹2.0 ₹4.6
+135.9% above
M Cap ₹146 Cr
P/E 12.7
PEG 0.38
Profit -41% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-4.7% +16.1%
219 189 230 Operating profit
-13.3% +95.7%
8.2 4.2 9.4 OPM %
-37 bps +152 bps
3.7% 2.2% 4.1% Other income
+414.3% -49.3%
0.4 0.7 0.1 Net profit
-22.6% +152.5%
4.5 1.8 5.8 PAT margin %
-48 bps +111 bps
2.1% 0.9% 2.5% EPS (₹)
-22.4% +155.3%
0.97 0.38 1.25
Quality of profit
Pre-tax profit ₹6.3 Cr: core business ₹6.0 Cr, other income ₹0.4 Cr.
Core profit YoY: -18.4%
· reported profit -22.6%
Cash & debt
FY26 cash from operations ₹10.0 Cr:
87% of FY26 net profit of ₹11.5 Cr.
Borrowings ₹34.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹269 ₹219
-18.5% below Net profit ₹7.6 ₹4.5
-40.8% below
M Cap ₹145 Cr
P/E 11.6
PEG —
Profit -45% below its own trend Operating margin expanded 125 bps YoY Core business grew faster than reported profit (core profit +25%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+26.9% -8.6%
132 144 104 Operating profit
+60.0% -33.3%
8.0 12.0 5.0 OPM %
+125 bps -225 bps
6.1% 8.3% 4.8% Other income
-80.0% +18.1%
1.0 0.8 5.0 Net profit
-33.3% -52.9%
4.0 8.5 6.0 PAT margin %
-274 bps -286 bps
3.0% 5.9% 5.8% EPS (₹)
-37.6% -50.7%
0.73 1.48 1.17
Quality of profit
Pre-tax profit ₹6.0 Cr: core business ₹5.0 Cr, other income ₹1.0 Cr.
Core profit YoY: +25.0%
· reported profit -33.3%
Cash & debt
FY26 cash from operations ₹9.0 Cr.
Borrowings ₹27.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹191 ₹132
-30.9% below Net profit ₹7.3 ₹4.0
-45.3% below
M Cap ₹145 Cr
P/E 26.1
PEG 1.31
Turnaround: profit against a loss a year ago Operating margin expanded 1360 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+85.1% +24.3%
25.8 20.7 13.9 Operating profit
— +120.7%
4.2 1.9 0.3 OPM %
+1360 bps +704 bps
16.1% 9.1% 2.5% Other income
loss narrowed loss widened -2.3 -0.2 -5.3 Net profit
from loss -20.9%
0.9 1.1 -6.6 PAT margin %
+5058 bps -193 bps
3.4% 5.3% -47.2% EPS (₹)
from loss -16.7%
0.05 0.06 -0.38
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹3.5 Cr, other income −₹2.3 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹14.0 Cr:
-322% of FY26 net profit of ₹4.4 Cr.
Borrowings ₹20.1 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹13.4 ₹25.8
+91.6% above
M Cap ₹145 Cr
P/E 29.7
PEG 0.68
Turnaround: profit against a loss a year ago Operating margin expanded 2711 bps YoY 32% 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
+65.4% +136.5%
17.5 7.4 10.6 Operating profit
from loss -38.2%
1.4 2.3 -2.0 OPM %
+2711 bps -2346 bps
8.3% 31.8% -18.8% Other income
from loss +73.6%
0.5 0.3 -0.7 Net profit?
from loss +5.1%
0.6 0.6 -1.6 PAT margin %
+1890 bps -437 bps
3.5% 7.9% -15.4% EPS (₹)
from loss +16.7%
0.21 0.18 -0.51
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹1.1 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹0.8 Cr:
-19% of FY26 net profit of ₹4.0 Cr.
Borrowings ₹5.6 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹9.6 ₹17.5
+82.6% above
M Cap ₹145 Cr
P/E 12.6
PEG 0.57
Profit -53% below its own trend Operating margin contracted 131 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-22.1% +14.1%
26.0 22.8 33.4 Operating profit
-29.5% -22.2%
3.2 4.2 4.6 OPM %
-131 bps -579 bps
12.4% 18.2% 13.7% Other income
-83.3% +300.0%
0.0 0.0 0.1 Net profit
-46.5% -34.3%
2.0 3.0 3.7 PAT margin %
-347 bps -557 bps
7.6% 13.1% 11.0% EPS (₹)
-47.3% -34.2%
0.98 1.49 1.86
Quality of profit
Pre-tax profit ₹2.4 Cr: core business ₹2.4 Cr, other income ₹0.0 Cr.
Core profit YoY: -37.2%
· reported profit -46.5%
Cash & debt
FY26 cash from operations −₹13.0 Cr:
-99% of FY26 net profit of ₹13.1 Cr.
Borrowings ₹37.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹44.0 ₹26.0
-40.9% below Net profit ₹4.2 ₹2.0
-53.0% below
M Cap ₹145 Cr
P/E 6.9
PEG 0.16
Operating margin expanded 680 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+40.9% +46.8%
106 72.0 75.0 Operating profit
+100.8% +71.4%
24.1 14.1 12.0 OPM %
+680 bps +328 bps
22.8% 19.5% 16.0% Other income
to loss to loss -0.0 0.8 1.0 Net profit?
+135.6% +83.3%
16.5 9.0 7.0 PAT margin %
+627 bps +311 bps
15.6% 12.5% 9.3% EPS (₹)
+135.8% +87.1%
19.10 10.21 8.10
Quality of profit
Pre-tax profit ₹20.9 Cr: core business ₹20.9 Cr, other income −₹0.0 Cr.
Core profit YoY: +109.2%
· reported profit +135.6%
Cash & debt
FY26 cash from operations −₹11.0 Cr.
Borrowings ₹73.0 Cr at Mar 2026.
Operating margin contracted 2133 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-4.3% -14.2%
66.0 76.9 68.9 Operating profit
-88.1% -92.2%
2.0 25.6 16.8 OPM %
-2133 bps -3032 bps
3.0% 33.4% 24.4% Other income
-84.1% +194.4%
1.0 0.3 6.3 Net profit?
loss widened to loss -16.0 1.6 -4.4 PAT margin %
-1780 bps -2632 bps
-24.2% 2.1% -6.4% EPS (₹)
loss widened to loss -1.34 0.14 -0.44
Quality of profit
Pre-tax profit −₹18.0 Cr: core business −₹20.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹21.0 Cr.
Borrowings ₹273 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹64.0 ₹66.0
+3.1% in line
Profit +323% above its own trend Operating margin expanded 582 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+24.7% +15.9%
144 124 115 Operating profit
+109.6% +492.8%
20.7 3.5 9.9 OPM %
+582 bps +1157 bps
14.4% 2.8% 8.6% Other income
-87.5% +111.1%
0.2 0.1 1.5 Net profit
+171.3% from loss 5.4 -8.0 2.0 PAT margin %
+202 bps +1016 bps
3.7% -6.4% 1.7% EPS (₹)
+152.3% from loss 1.64 -2.42 0.65
Quality of profit
Pre-tax profit ₹9.9 Cr: core business ₹9.7 Cr, other income ₹0.2 Cr.
Core profit YoY: +89.7%
· reported profit +171.3%
Cash & debt
FY26 cash from operations ₹18.0 Cr:
424% of FY26 net profit of ₹4.2 Cr.
Borrowings ₹277 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹142 ₹144
+1.4% in line Net profit ₹1.3 ₹5.4
+323.2% above
M Cap ₹144 Cr
P/E 15.9
PEG 0.80
Profit -76% below its own trend Operating margin contracted 143 bps YoY Core business grew faster than reported profit (core profit +43%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.8% +134.6%
55.0 23.5 53.0 Operating profit
-19.5% -53.6%
2.7 5.9 3.4 OPM %
-143 bps -2010 bps
5.0% 25.1% 6.4% Other income
-93.4% —
0.2 0.0 3.8 Net profit?
-66.9% -59.4%
1.3 3.1 3.9 PAT margin %
-497 bps -1110 bps
2.3% 13.4% 7.3% EPS (₹)
-66.9% -59.3%
1.24 3.05 3.75
Quality of profit
Pre-tax profit ₹1.6 Cr: core business ₹1.4 Cr, other income ₹0.2 Cr.
Core profit YoY: +43.3%
· reported profit -66.9%
Cash & debt
FY26 cash from operations ₹27.0 Cr:
323% of FY26 net profit of ₹8.3 Cr.
Borrowings ₹25.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹102 ₹55.0
-45.8% below Net profit ₹5.4 ₹1.3
-76.3% below
M Cap ₹144 Cr
P/E 62.9
PEG —
Operating margin expanded 327 bps YoY 32% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-25.3% -29.0%
110 155 148 Operating profit
+35.1% +5.5%
8.1 7.7 6.0 OPM %
+327 bps +239 bps
7.3% 4.9% 4.0% Other income
from loss +0.0%
0.2 0.2 -0.0 Net profit
loss narrowed to loss -1.4 0.3 -2.9 PAT margin %
+74 bps -145 bps
-1.2% 0.2% -2.0% EPS (₹)
loss narrowed to loss -2.60 0.63 -5.55
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.5 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹79.0 Cr:
1459% of FY26 net profit of ₹5.4 Cr.
Borrowings ₹190 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹138 ₹110
-20.1% below
M Cap ₹144 Cr
P/E 10.0
PEG —
Operating margin expanded 1688 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-53.2% -48.4%
47.9 92.9 102 Operating profit
+203.5% +101.9%
9.6 4.7 3.1 OPM %
+1688 bps +1486 bps
20.0% 5.1% 3.1% Other income
-29.5% +288.6%
0.8 0.2 1.1 Net profit
+233.0% -8.1%
3.4 3.7 1.0 PAT margin %
+616 bps +314 bps
7.2% 4.0% 1.0% EPS (₹)
+145.7% -32.3%
0.86 1.27 0.35
Quality of profit
Pre-tax profit ₹5.1 Cr: core business ₹4.3 Cr, other income ₹0.8 Cr.
Core profit YoY: from loss
· reported profit +233.0%
M Cap ₹141 Cr
P/E 11.5
PEG —
Profit +529% above its own trend 30% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +201%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+0.4% +4.8%
742 708 740 Operating profit
+124.6% +47.0%
8.4 5.7 3.7 OPM %
+62 bps +32 bps
1.1% 0.8% 0.5% Other income
+4.2% +24.7%
2.1 1.7 2.0 Net profit?
+253.9% +124.8%
8.5 3.8 2.4 PAT margin %
+82 bps +61 bps
1.1% 0.5% 0.3% EPS (₹)
+252.9% +125.2%
3.67 1.63 1.04
Quality of profit
Pre-tax profit ₹7.0 Cr: core business ₹4.9 Cr, other income ₹2.1 Cr.
Core profit YoY: +200.6%
· reported profit +253.9%
Cash & debt
FY26 cash from operations ₹68.0 Cr.
Borrowings ₹30.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹960 ₹742
-22.7% below Net profit ₹1.3 ₹8.5
+528.7% above
M Cap ₹140 Cr
P/E 50.6
PEG —
Into loss: a profit a year ago Profit -117% below its own trend Operating margin contracted 446 bps YoY Borrowings up 36% since Mar 2025
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+13.2% +69.1%
116 68.7 103 Operating profit
to loss to loss -1.1 2.0 3.6 OPM %
-446 bps -388 bps
-0.9% 3.0% 3.6% Other income
-43.5% -35.4%
1.6 2.4 2.8 Net profit?
to loss loss narrowed -0.4 -0.5 4.3 PAT margin %
-457 bps +41 bps
-0.4% -0.8% 4.2% EPS (₹)
-100.0% —
0.00 0.00 0.03
Quality of profit
Pre-tax profit −₹1.9 Cr: core business −₹3.5 Cr, other income ₹1.6 Cr.
Core profit YoY: to loss
Cash & debt
Borrowings ₹38.0 Cr at Sep 2025, against ₹28.0 Cr at Mar 2025 (+36% ).
Against its own trend ?
Trend Actual Gap
Sales ₹94.2 ₹116
+23.4% above Net profit ₹2.6 −₹0.4
-116.6% below
M Cap ₹140 Cr
P/E 19.8
PEG 2.47
Profit +160% above its own trend Operating margin expanded 490 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+12.4% +55.5%
42.5 27.3 37.8 Operating profit
+297.3% +66.1%
2.9 1.7 0.7 OPM %
+490 bps +44 bps
6.8% 6.4% 1.9% Other income
-50.0% +929.0%
0.4 0.0 0.8 Net profit?
+419.3% +162.7%
3.0 1.1 0.6 PAT margin %
+546 bps +285 bps
7.0% 4.1% 1.5% EPS (₹)
+521.1% +156.5%
1.18 0.46 0.19
Quality of profit
Pre-tax profit ₹2.7 Cr: core business ₹2.3 Cr, other income ₹0.4 Cr.
Core profit YoY: from loss
· reported profit +419.3%
Cash & debt
FY26 cash from operations ₹8.0 Cr:
128% of FY26 net profit of ₹6.2 Cr.
Borrowings ₹15.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹49.1 ₹42.5
-13.6% below Net profit ₹1.1 ₹3.0
+159.6% above
M Cap ₹140 Cr
P/E 20.4
PEG —
Profit +278% above its own trend Operating margin expanded 291 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+37.8% +104.0%
60.2 29.5 43.7 Operating profit
+120.3% +63.4%
4.7 2.9 2.1 OPM %
+291 bps -193 bps
7.8% 9.7% 4.9% Other income
from loss from loss 0.1 -0.0 -0.2 Net profit?
+528.6% +79.9%
3.1 1.7 0.5 PAT margin %
+399 bps -69 bps
5.1% 5.8% 1.1% EPS (₹)
+525.0% +19.0%
0.25 0.21 0.04
Quality of profit
Pre-tax profit ₹4.2 Cr: core business ₹4.1 Cr, other income ₹0.1 Cr.
Core profit YoY: +389.3%
· reported profit +528.6%
Cash & debt
FY26 cash from operations −₹19.0 Cr:
-293% of FY26 net profit of ₹6.5 Cr.
Borrowings ₹14.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹64.1 ₹60.2
-6.1% below Net profit ₹0.8 ₹3.1
+278.1% above
Profit -47% below its own trend Operating margin expanded 102 bps YoY 45% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+6.5% +11.5%
59.3 53.2 55.7 Operating profit
+14.5% +5.1%
8.7 8.2 7.6 OPM %
+102 bps -88 bps
14.6% 15.5% 13.6% Other income
+200.8% +133.6%
2.7 1.2 0.9 Net profit?
+6.0% -36.2%
3.9 6.1 3.7 PAT margin %
-3 bps -493 bps
6.6% 11.5% 6.6% EPS (₹)
-16.7% -36.4%
2.80 4.40 3.36
Quality of profit
Pre-tax profit ₹6.1 Cr: core business ₹3.4 Cr, other income ₹2.7 Cr.
Core profit YoY: -11.8%
· reported profit +6.0%
Cash & debt
FY26 cash from operations −₹36.0 Cr.
Borrowings ₹41.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹91.3 ₹59.3
-35.1% below Net profit ₹7.4 ₹3.9
-47.0% below
M Cap ₹139 Cr
P/E 15.2
PEG —
Profit +131% above its own trend Operating margin expanded 2744 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+75.6% +12.4%
15.7 13.9 8.9 Operating profit
+872.2% +105.1%
5.2 2.6 0.5 OPM %
+2744 bps +1513 bps
33.5% 18.4% 6.0% Other income
-69.9% -23.6%
0.4 0.6 1.4 Net profit
+249.5% +87.6%
3.3 1.8 0.9 PAT margin %
+1054 bps +849 bps
21.2% 12.7% 10.6% EPS (₹)
+249.0% +87.7%
5.48 2.92 1.57
Quality of profit
Pre-tax profit ₹4.9 Cr: core business ₹4.5 Cr, other income ₹0.4 Cr.
Core profit YoY: from loss
· reported profit +249.5%
Cash & debt
FY26 cash from operations ₹10.4 Cr:
114% of FY26 net profit of ₹9.1 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹12.7 ₹15.7
+23.2% above Net profit ₹1.4 ₹3.3
+131.4% above
M Cap ₹139 Cr
P/E 34.3
PEG —
Profit +107% above its own trend Operating margin contracted 237 bps YoY 63% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -45%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+33.4% +44.8%
20.6 14.2 15.4 Operating profit
-13.5% +190.3%
0.9 0.3 1.0 OPM %
-237 bps +219 bps
4.4% 2.2% 6.7% Other income
from loss +25.0%
0.7 0.6 -0.1 Net profit?
+38.2% +216.7%
0.8 0.2 0.6 PAT margin %
+13 bps +200 bps
3.7% 1.7% 3.6% EPS (₹)
+45.5% +166.7%
0.16 0.06 0.11
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹0.4 Cr, other income ₹0.7 Cr.
Core profit YoY: -44.7%
· reported profit +38.2%
Cash & debt
FY26 cash from operations −₹3.9 Cr:
-127% of FY26 net profit of ₹3.1 Cr.
Borrowings ₹10.8 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹17.2 ₹20.6
+19.7% above Net profit ₹0.4 ₹0.8
+106.8% above
M Cap ₹139 Cr
P/E 65.7
PEG —
Into loss: a profit a year ago Profit -135% below its own trend Operating margin contracted 3774 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-68.0% -29.4%
3.4 4.8 10.6 Operating profit
to loss to loss -0.9 0.6 1.1 OPM %
-3774 bps -4075 bps
-27.8% 12.9% 9.9% Other income
+31.0% —
0.6 0.1 0.4 Net profit
to loss to loss -0.3 0.4 1.0 PAT margin %
-1982 bps -1954 bps
-10.4% 9.2% 9.5% EPS (₹)
to loss to loss -0.27 0.34 0.78
Quality of profit
Pre-tax profit −₹0.5 Cr: core business −₹1.0 Cr, other income ₹0.6 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹2.7 Cr:
131% of FY26 net profit of ₹2.1 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹12.2 ₹3.4
-72.3% below Net profit ₹1.0 −₹0.3
-134.7% below
Into loss: a profit a year ago Profit -111% below its own trend
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-80.0% -97.0%
0.1 2.0 0.3 Operating profit
loss widened to loss -5.0 1.4 -0.1 Other income
-98.4% -88.8%
0.4 3.8 26.6 Net profit?
to loss to loss -5.0 4.9 22.4 EPS (₹)
to loss to loss -1.76 1.74 7.94
Quality of profit
Pre-tax profit −₹4.6 Cr: core business −₹5.0 Cr, other income ₹0.4 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations −₹1.6 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹0.1
-60.0% below Net profit ₹44.8 −₹5.0
-111.1% below
M Cap ₹139 Cr
P/E 3.3
PEG 0.06
Profit -47% below its own trend Operating margin contracted 314 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+33.5% +25.5%
246 196 184 Operating profit
+12.7% -5.4%
41.7 44.1 37.0 OPM %
-314 bps -554 bps
17.0% 22.5% 20.1% Other income
-70.0% -11.6%
0.6 0.7 2.0 Net profit?
-5.5% -18.8%
18.9 23.3 20.0 PAT margin %
-318 bps -419 bps
7.7% 11.9% 10.9% EPS (₹)
-7.1% -18.5%
7.57 9.29 8.15
Quality of profit
Pre-tax profit ₹26.5 Cr: core business ₹25.9 Cr, other income ₹0.6 Cr.
Core profit YoY: -0.4%
· reported profit -5.5%
Cash & debt
FY26 cash from operations −₹16.0 Cr.
Borrowings ₹234 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹346 ₹246
-28.9% below Net profit ₹35.4 ₹18.9
-46.7% below
M Cap ₹138 Cr
P/E 9.6
PEG 1.91
Profit -43% below its own trend Operating margin contracted 354 bps YoY 43% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-12.2% -33.2%
19.6 29.3 22.3 Operating profit
-40.7% -76.2%
1.4 6.1 2.4 OPM %
-354 bps -1332 bps
7.3% 20.7% 10.9% Other income
-54.4% -72.8%
0.4 1.3 0.8 Net profit
-48.5% -82.3%
0.8 4.8 1.6 PAT margin %
-305 bps -1202 bps
4.3% 16.4% 7.4% EPS (₹)
-48.5% -82.3%
0.69 3.90 1.34
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.5 Cr, other income ₹0.4 Cr.
Core profit YoY: -68.5%
· reported profit -48.5%
Cash & debt
FY26 cash from operations ₹16.0 Cr:
122% of FY26 net profit of ₹13.1 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹23.8 ₹19.6
-17.6% below Net profit ₹1.5 ₹0.8
-42.6% below
47% of pre-tax profit came from other income and one-off items
₹ Cr QoQ
Mar 2026 Dec 2025
Sales
+19.0%
27.0 22.7 Operating profit
+16.9%
2.2 1.9 OPM %
-15 bps
8.3% 8.5% Other income
+663.5%
0.6 0.1 Net profit?
+137.6%
1.0 0.4 PAT margin %
+185 bps
3.7% 1.9% EPS (₹)
+134.6%
0.61 0.26
Quality of profit
Pre-tax profit ₹1.3 Cr: core business ₹0.7 Cr, other income ₹0.6 Cr.
Cash & debt
FY26 cash from operations ₹2.2 Cr.
Borrowings nil at Mar 2026.
M Cap ₹138 Cr
P/E 114.4
PEG 3.57
Profit -85% below its own trend Operating margin contracted 587 bps YoY 39% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+3.3% -7.6%
118 128 115 Operating profit
-49.3% -36.3%
6.7 10.5 13.2 OPM %
-587 bps -255 bps
5.7% 8.2% 11.5% Other income
-62.1% from loss 0.8 -14.6 2.2 Net profit?
-85.5% from loss 0.9 -7.3 6.2 PAT margin %
-467 bps +644 bps
0.8% -5.7% 5.4% EPS (₹)
-86.0% from loss 0.15 -1.25 1.07
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹1.4 Cr, other income ₹0.8 Cr.
Core profit YoY: -81.6%
· reported profit -85.5%
Cash & debt
FY26 cash from operations ₹37.0 Cr:
4568% of FY26 net profit of ₹0.8 Cr.
Borrowings ₹98.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹127 ₹118
-6.5% below Net profit ₹5.9 ₹0.9
-84.8% below
M Cap ₹137 Cr
P/E 11.5
PEG 0.67
Operating margin contracted 116 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+9.0% +11.8%
85.0 76.0 78.0 Operating profit
+0.0% +0.0%
11.0 11.0 11.0 OPM %
-116 bps -153 bps
12.9% 14.5% 14.1% Other income
— —
0.0 0.0 0.0 Net profit?
+0.0% +0.0%
6.0 6.0 6.0 PAT margin %
-63 bps -84 bps
7.1% 7.9% 7.7% EPS (₹)
-11.3% -14.3%
4.86 5.67 5.48
Quality of profit
Pre-tax profit ₹8.0 Cr: core business ₹8.0 Cr, other income ₹0.0 Cr.
Core profit YoY: +0.0%
· reported profit +0.0%
Cash & debt
FY26 cash from operations ₹15.0 Cr.
Borrowings ₹30.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹84.7 ₹85.0
+0.4% in line Net profit ₹5.6 ₹6.0
+7.7% in line
M Cap ₹137 Cr
P/E 22.8
PEG 0.24
Operating margin expanded 276 bps YoY FY26 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.8% +8.6%
14.9 13.7 14.2 Operating profit
+18.1% -15.9%
3.6 4.3 3.1 OPM %
+276 bps -712 bps
24.5% 31.6% 21.7% Other income
-75.3% +29.1%
1.1 0.9 4.5 Net profit?
-51.0% from loss 0.5 -0.5 1.0 PAT margin %
-359 bps +657 bps
3.2% -3.4% 6.7% EPS (₹)
+100.0% from loss 0.02 -0.05 0.01
Quality of profit
Pre-tax profit −₹0.7 Cr: core business −₹1.8 Cr, other income ₹1.1 Cr.
Core profit YoY: loss narrowed
· reported profit -51.0%
Cash & debt
FY26 cash from operations ₹0.0 Cr:
0% of FY26 net profit of ₹10.0 Cr.
Borrowings ₹85.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹14.8 ₹14.9
+1.1% in line
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, 14:51 IST
