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
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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 ₹126 Cr
P/E 35.9
PEG 8.98
Profit +443% above its own trend Operating margin contracted 442 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
-20.2% +35.3%
30.8 22.8 38.6 Operating profit
to loss to loss -0.7 0.7 0.8 OPM %
-442 bps -553 bps
-2.3% 3.2% 2.1% Other income
+655.8% +250.8%
4.1 1.2 0.5 Net profit
+392.2% +376.3%
2.1 0.4 0.4 PAT margin %
+563 bps +481 bps
6.7% 1.9% 1.1% EPS (₹)
+389.2% +376.3%
1.81 0.38 0.37
Quality of profit
Pre-tax profit ₹2.3 Cr: core business −₹1.8 Cr, other income ₹4.1 Cr.
Core profit YoY: to loss
· reported profit +392.2%
Cash & debt
FY26 cash from operations −₹9.0 Cr:
-328% of FY26 net profit of ₹2.7 Cr.
Borrowings ₹33.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹53.7 ₹30.8
-42.6% below Net profit ₹0.4 ₹2.1
+442.9% above
Turnaround: profit against a loss a year ago Operating margin expanded 6402 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
+195.3% +1.5%
15.2 15.0 5.2 Operating profit
from loss from loss 3.1 -0.8 -2.2 OPM %
+6402 bps +2623 bps
20.7% -5.5% -43.3% Other income
+308.3% —
0.9 0.0 0.2 Net profit
from loss from loss 2.9 -1.6 -3.2 PAT margin %
+8220 bps +2972 bps
19.3% -10.4% -62.9% EPS (₹)
+351.7% from loss 1.31 -0.69 0.29
Quality of profit
Pre-tax profit ₹3.0 Cr: core business ₹2.1 Cr, other income ₹0.9 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹47.6 Cr.
Borrowings ₹35.3 Cr at Mar 2026.
M Cap ₹126 Cr
P/E 30.8
PEG 2.80
Profit +144% above its own trend Operating margin expanded 434 bps YoY Core business grew faster than reported profit (core profit +75%)
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+29.2% +60.9%
26.0 16.2 20.2 Operating profit
+61.4% +707.1%
5.7 0.7 3.5 OPM %
+434 bps +1737 bps
21.7% 4.3% 17.4% Other income
-60.0% -61.3%
0.1 0.3 0.3 Net profit
+53.2% —
3.8 0.2 2.5 PAT margin %
+231 bps +1316 bps
14.7% 1.5% 12.4% EPS (₹)
+53.0% —
3.81 0.25 2.49
Quality of profit
Pre-tax profit ₹5.0 Cr: core business ₹4.9 Cr, other income ₹0.1 Cr.
Core profit YoY: +74.8%
· reported profit +53.2%
Cash & debt
FY26 cash from operations ₹4.6 Cr.
Borrowings ₹0.6 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹20.0 ₹26.0
+30.0% above Net profit ₹1.6 ₹3.8
+143.9% above
M Cap ₹125 Cr
P/E 34.4
PEG —
Into loss: a profit a year ago Profit -807% below its own trend Operating margin contracted 117 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-4.9% -11.4%
148 167 156 Operating profit
-18.9% -23.2%
10.1 13.1 12.4 OPM %
-117 bps -104 bps
6.8% 7.9% 8.0% Other income
+420.0% —
0.3 0.0 0.1 Net profit
to loss to loss -1.0 1.2 0.3 PAT margin %
-85 bps -138 bps
-0.7% 0.7% 0.2% EPS (₹)
to loss to loss -0.96 1.15 0.27
Quality of profit
Pre-tax profit −₹1.4 Cr: core business −₹1.7 Cr, other income ₹0.3 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹49.0 Cr:
2059% of FY26 net profit of ₹2.4 Cr.
Borrowings ₹439 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹154 ₹148
-3.9% in line Net profit ₹0.1 −₹1.0
-807.1% below
Into loss: a profit a year ago Operating margin contracted 3013 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+22.7% -12.9%
27.0 31.0 22.0 Operating profit
to loss loss narrowed -2.0 -5.0 5.0 OPM %
-3013 bps +872 bps
-7.4% -16.1% 22.7% Other income
— —
1.0 0.0 0.0 Net profit?
to loss loss narrowed -7.0 -9.0 1.0 PAT margin %
-3047 bps +311 bps
-25.9% -29.0% 4.5% EPS (₹)
to loss loss narrowed -7.79 -9.63 1.04
Quality of profit
Pre-tax profit −₹7.0 Cr: core business −₹8.0 Cr, other income ₹1.0 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹6.0 Cr.
Borrowings ₹29.0 Cr at Mar 2026.
M Cap ₹125 Cr
P/E 13.8
PEG 0.34
Profit -18% below its own trend Operating margin contracted 489 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.3% +36.7%
11.6 8.5 11.1 Operating profit
-4.3% +69.9%
6.3 3.7 6.6 OPM %
-489 bps +1062 bps
54.4% 43.8% 59.3% Other income
-5.2% -24.3%
0.6 0.7 0.6 Net profit
-31.8% +32.9%
2.2 1.7 3.3 PAT margin %
-1011 bps -54 bps
19.1% 19.6% 29.2% EPS (₹)
-33.8% +33.3%
1.92 1.44 2.90
Quality of profit
Pre-tax profit ₹3.1 Cr: core business ₹2.6 Cr, other income ₹0.6 Cr.
Core profit YoY: -32.4%
· reported profit -31.8%
Cash & debt
FY26 cash from operations ₹9.5 Cr:
107% of FY26 net profit of ₹8.9 Cr.
Borrowings ₹57.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹12.9 ₹11.6
-10.0% below Net profit ₹2.7 ₹2.2
-18.1% below
Operating margin expanded 7590 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+11.6% -6.4%
6.8 7.3 6.1 Operating profit
loss narrowed to loss -0.9 0.3 -5.4 OPM %
+7590 bps -1682 bps
-12.7% 4.1% -88.6% Other income
+492.8% —
2.0 0.0 0.3 Net profit
loss narrowed loss narrowed -2.3 -3.1 -8.3 PAT margin %
— +862 bps
-34.4% -43.0% — EPS (₹)
loss narrowed loss narrowed -1.09 -1.45 -3.83
Quality of profit
Pre-tax profit −₹2.3 Cr: core business −₹4.3 Cr, other income ₹2.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹2.0 Cr.
Borrowings ₹225 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3.1 ₹6.8
+123.2% above
Operating margin expanded 1035 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+19.1% -2.3%
45.4 46.5 38.1 Operating profit
from loss -42.1%
3.8 6.5 -0.8 OPM %
+1035 bps -573 bps
8.3% 14.1% -2.0% Other income
-26.0% +602.9%
4.9 0.7 6.7 Net profit?
loss narrowed loss narrowed -0.7 -1.5 -4.2 PAT margin %
+948 bps +160 bps
-1.5% -3.1% -11.0% EPS (₹)
loss narrowed loss narrowed -0.31 -0.65 -7.60
Quality of profit
Pre-tax profit −₹0.1 Cr: core business −₹5.0 Cr, other income ₹4.9 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹19.0 Cr.
Borrowings ₹76.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹36.9 ₹45.4
+22.9% above
M Cap ₹123 Cr
P/E 7.3
PEG 0.37
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— —
0.0 0.0 0.0 Operating profit
loss narrowed loss narrowed -0.1 -0.2 -0.2 Other income
-100.0% -100.0%
0.0 0.0 0.0 Net profit
loss narrowed loss narrowed -0.1 -0.2 -0.2 EPS (₹)
loss narrowed loss narrowed 0.00 -0.01 -0.01
Quality of profit
Pre-tax profit −₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹0.1 Cr.
Borrowings ₹11.2 Cr at Mar 2026.
M Cap ₹123 Cr
P/E 7.2
PEG 0.90
Profit +60% above its own trend Operating margin contracted 335 bps YoY 35% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 0% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+20.4% +8.4%
16.6 15.3 13.8 Operating profit
+4.3% -21.7%
3.6 4.6 3.5 OPM %
-335 bps -838 bps
21.7% 30.1% 25.1% Other income
+25.6% +89.8%
1.7 0.9 1.3 Net profit?
+14.7% -9.7%
3.4 3.7 2.9 PAT margin %
-102 bps -407 bps
20.3% 24.3% 21.3% EPS (₹)
+14.4% -9.8%
2.22 2.46 1.94
Quality of profit
Pre-tax profit ₹4.8 Cr: core business ₹3.2 Cr, other income ₹1.7 Cr.
Core profit YoY: +7.5%
· reported profit +14.7%
Cash & debt
FY26 cash from operations ₹0.0 Cr:
0% of FY26 net profit of ₹14.3 Cr.
Borrowings ₹10.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹11.9 ₹16.6
+39.3% above Net profit ₹2.1 ₹3.4
+60.1% above
M Cap ₹123 Cr
P/E 50.5
PEG —
Profit -86% below its own trend Operating margin contracted 1628 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
-7.3% -2.5%
70.7 72.5 76.3 Operating profit
-99.0% -96.1%
0.1 3.1 12.6 OPM %
-1628 bps -409 bps
0.2% 4.3% 16.5% Other income
from loss —
2.9 0.1 -1.7 Net profit?
-92.9% +96.8%
0.6 0.3 8.6 PAT margin %
-1047 bps +44 bps
0.9% 0.4% 11.3% EPS (₹)
-93.0% +83.3%
0.11 0.06 1.57
Quality of profit
Pre-tax profit ₹1.4 Cr: core business −₹1.5 Cr, other income ₹2.9 Cr.
Core profit YoY: to loss
· reported profit -92.9%
Cash & debt
FY26 cash from operations −₹4.0 Cr:
-282% of FY26 net profit of ₹1.4 Cr.
Borrowings ₹58.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹78.9 ₹70.7
-10.3% below Net profit ₹4.3 ₹0.6
-85.9% below
Operating margin expanded 320 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+0.2% +31.4%
35.1 26.8 35.1 Operating profit
+39.6% +194.8%
4.0 1.4 2.9 OPM %
+320 bps +628 bps
11.3% 5.0% 8.1% Other income
-61.3% +26.3%
0.2 0.2 0.6 Net profit?
-28.2% from loss 0.8 -1.3 1.2 PAT margin %
-95 bps +736 bps
2.4% -5.0% 3.3% EPS (₹)
-28.6% from loss 0.35 -0.56 0.49
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.7 Cr, other income ₹0.2 Cr.
Core profit YoY: -33.3%
· reported profit -28.2%
Cash & debt
Borrowings ₹62.0 Cr at Mar 2026.
M Cap ₹122 Cr
P/E 13.6
PEG 0.54
Operating margin contracted 138 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+28.2% +6.0%
141 133 110 Operating profit
+14.3% -5.9%
16.0 17.0 14.0 OPM %
-138 bps -143 bps
11.3% 12.8% 12.7% Other income
-100.0% —
0.0 0.0 0.4 Net profit
+0.0% -50.0%
3.0 6.0 3.0 PAT margin %
-60 bps -238 bps
2.1% 4.5% 2.7% EPS (₹)
-26.1% -55.5%
2.18 4.90 2.95
Quality of profit
Pre-tax profit ₹5.0 Cr: core business ₹6.0 Cr, other income ₹0.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: from loss
· reported profit +0.0%
Cash & debt
FY26 cash from operations ₹20.0 Cr.
Borrowings ₹121 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹111 ₹141
+26.6% above Net profit ₹2.9 ₹3.0
+2.6% in line
M Cap ₹122 Cr
P/E 8.3
PEG 0.17
Profit -73% below its own trend Operating margin contracted 124 bps YoY
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-28.2% +19.3%
168 141 234 Operating profit
-38.1% +19.0%
13.0 10.9 21.0 OPM %
-124 bps -2 bps
7.7% 7.8% 9.0% Other income
-66.7% +10.8%
1.0 0.9 3.0 Net profit?
-46.7% +21.0%
8.0 6.6 15.0 PAT margin %
-165 bps +7 bps
4.8% 4.7% 6.4% EPS (₹)
-43.3% +28.6%
3.55 2.76 6.26
Quality of profit
Pre-tax profit ₹12.0 Cr: core business ₹11.0 Cr, other income ₹1.0 Cr.
Core profit YoY: -38.9%
· reported profit -46.7%
Cash & debt
FY26 cash from operations −₹5.0 Cr.
Borrowings ₹22.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹468 ₹168
-64.1% below Net profit ₹29.5 ₹8.0
-72.9% below
Profit +97% above its own trend 33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -25%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.3% +26.3%
129 102 119 Operating profit
+5.0% +25.6%
23.5 18.7 22.4 OPM %
-57 bps -11 bps
18.3% 18.4% 18.9% Other income
+91.0% +532.2%
1.0 0.2 0.5 Net profit
-1.4% —
5.3 0.3 5.4 PAT margin %
-40 bps +388 bps
4.1% 0.3% 4.5% EPS (₹)
-4.9% —
0.78 0.04 0.82
Quality of profit
Pre-tax profit ₹3.0 Cr: core business ₹2.0 Cr, other income ₹1.0 Cr.
Core profit YoY: -25.4%
· reported profit -1.4%
Cash & debt
FY26 cash from operations ₹62.0 Cr.
Borrowings ₹268 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹135 ₹129
-4.7% in line Net profit ₹2.7 ₹5.3
+97.2% above
M Cap ₹122 Cr
P/E 27.8
PEG 4.64
Turnaround: profit against a loss a year ago Operating margin expanded 1096 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-21.3% +8.1%
31.4 29.0 39.9 Operating profit
— +138.4%
3.6 1.5 0.2 OPM %
+1096 bps +627 bps
11.5% 5.2% 0.5% Other income
to loss to loss -0.2 0.9 2.5 Net profit?
from loss -27.5%
1.4 1.9 -2.1 PAT margin %
+971 bps -216 bps
4.4% 6.6% -5.3% EPS (₹)
from loss -26.7%
0.66 0.90 -1.01
Quality of profit
Pre-tax profit ₹3.1 Cr: core business ₹3.2 Cr, other income −₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹10.0 Cr:
66% of FY26 net profit of ₹15.2 Cr.
Borrowings ₹3.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹43.2 ₹31.4
-27.3% below
M Cap ₹122 Cr
P/E 121.5
PEG 0.84
Into loss: a profit a year ago Profit -163% below its own trend
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
-100.0% -100.0%
0.0 123 108 Operating profit
to loss to loss -29.0 36.0 31.0 Other income
from loss +0.0%
1.0 1.0 -3.0 Net profit
to loss to loss -24.0 25.0 22.0 EPS (₹)
to loss to loss -12.96 13.87 12.26
Quality of profit
Pre-tax profit −₹31.0 Cr: core business −₹32.0 Cr, other income ₹1.0 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹62.0 Cr.
Borrowings ₹30.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹180 ₹0.0
-100.0% below Net profit ₹37.9 −₹24.0
-163.3% below
M Cap ₹121 Cr
P/E 17.3
PEG —
Profit -89% below its own trend Operating margin contracted 395 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
+19.7% +6.5%
38.8 36.4 32.4 Operating profit
-17.4% -15.8%
3.4 4.1 4.1 OPM %
-395 bps -234 bps
8.8% 11.1% 12.8% Other income
-99.6% -91.6%
0.0 0.2 4.9 Net profit?
-78.0% -36.7%
1.2 1.9 5.5 PAT margin %
-1373 bps -212 bps
3.1% 5.2% 16.8% EPS (₹)
-81.3% -35.9%
0.25 0.39 1.34
Quality of profit
Pre-tax profit ₹9.1 Cr: core business −₹3.9 Cr, other income ₹0.0 Cr, exceptional & other items ₹13.0 Cr.
Core profit YoY: to loss
· reported profit -78.0%
Against its own trend ?
Trend Actual Gap
Sales ₹52.9 ₹38.8
-26.8% below Net profit ₹10.9 ₹1.2
-89.0% below
M Cap ₹121 Cr
P/E 34.0
PEG 0.85
Profit +42% above its own trend Operating margin contracted 1306 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+59.2% +14.7%
38.9 33.9 24.4 Operating profit
-49.1% +26.8%
2.4 1.9 4.7 OPM %
-1306 bps +59 bps
6.1% 5.6% 19.2% Other income
-83.3% +61.3%
0.0 0.0 0.1 Net profit?
+183.7% +49.0%
1.4 0.9 0.5 PAT margin %
+157 bps +82 bps
3.6% 2.8% 2.0% EPS (₹)
+166.7% +50.0%
0.24 0.16 0.09
Quality of profit
Pre-tax profit ₹1.7 Cr: core business ₹1.7 Cr, other income ₹0.0 Cr.
Core profit YoY: -32.4%
· reported profit +183.7%
Cash & debt
FY26 cash from operations −₹11.0 Cr:
-309% of FY26 net profit of ₹3.6 Cr.
Borrowings ₹22.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹31.9 ₹38.9
+22.0% above Net profit ₹1.0 ₹1.4
+41.8% above
M Cap ₹120 Cr
P/E 9.5
PEG 0.06
Profit -44% below its own trend Operating margin contracted 127 bps YoY FY26 operating cash flow was only 24% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.1% -11.5%
50.7 57.4 46.5 Operating profit
+1.9% +85.3%
9.1 4.9 8.9 OPM %
-127 bps +938 bps
17.9% 8.6% 19.2% Other income
from loss +88.1%
0.8 0.4 -0.1 Net profit
+7.5% +108.9%
6.1 2.9 5.7 PAT margin %
-18 bps +693 bps
12.0% 5.1% 12.2% EPS (₹)
+0.9% +109.3%
5.63 2.69 5.58
Quality of profit
Pre-tax profit ₹8.9 Cr: core business ₹8.1 Cr, other income ₹0.8 Cr.
Core profit YoY: +5.7%
· reported profit +7.5%
Cash & debt
FY26 cash from operations ₹3.0 Cr:
24% of FY26 net profit of ₹12.6 Cr.
Borrowings ₹44.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹85.4 ₹50.7
-40.6% below Net profit ₹10.9 ₹6.1
-44.2% below
M Cap ₹119 Cr
P/E 51.6
PEG —
Operating margin contracted 1592 bps YoY All of pre-tax profit came from other income or one-off items FY26 operating cash flow was only 14% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.2% -3.3%
9.9 10.2 9.1 Operating profit
-91.7% -76.4%
0.1 0.6 1.6 OPM %
-1592 bps -407 bps
1.3% 5.4% 17.2% Other income
+303.7% +384.4%
2.2 0.5 0.5 Net profit?
+61.3% +837.5%
1.5 0.2 0.9 PAT margin %
+500 bps +1364 bps
15.2% 1.6% 10.2% EPS (₹)
-30.7% from loss 0.52 -0.04 0.75
Quality of profit
Pre-tax profit ₹1.6 Cr: core business −₹0.6 Cr, other income ₹2.2 Cr.
Core profit YoY: to loss
· reported profit +61.3%
Cash & debt
FY26 cash from operations ₹0.3 Cr:
14% of FY26 net profit of ₹2.1 Cr.
Borrowings ₹24.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹9.6 ₹9.9
+2.9% in line
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-71.7% +207.1%
0.4 0.1 1.5 Operating profit
loss narrowed loss narrowed -0.5 -1.7 -1.6 Other income
from loss +75.0%
0.7 0.4 -0.4 Net profit
loss narrowed loss widened -2.0 -1.3 -2.1 EPS (₹)
— loss widened -0.11 -0.07 -0.11
Quality of profit
Pre-tax profit −₹1.9 Cr: core business −₹2.6 Cr, other income ₹0.7 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations −₹16.0 Cr.
Borrowings ₹10.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1.3 ₹0.4
-67.2% below
M Cap ₹119 Cr
P/E 13.1
PEG 0.94
Profit -98% below its own trend Operating margin contracted 269 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
-1.0% -0.8%
155 156 156 Operating profit
-77.0% -72.1%
1.3 4.5 5.5 OPM %
-269 bps -208 bps
0.8% 2.9% 3.5% Other income
+10.7% +45.9%
1.2 0.8 1.1 Net profit?
-95.0% -87.3%
0.3 2.3 5.8 PAT margin %
-353 bps -128 bps
0.2% 1.5% 3.7% EPS (₹)
-93.9% -84.3%
0.22 1.40 3.60
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.8 Cr, other income ₹1.2 Cr.
Core profit YoY: to loss
· reported profit -95.0%
Cash & debt
FY26 cash from operations ₹21.0 Cr:
267% of FY26 net profit of ₹7.9 Cr.
Borrowings ₹40.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹149 ₹155
+4.2% in line Net profit ₹11.6 ₹0.3
-97.5% below
M Cap ₹119 Cr
P/E 1.1
PEG 0.04
Turnaround: profit against a loss a year ago Operating margin contracted 534 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
-6.5% +17.9%
271 230 290 Operating profit
-22.3% -57.2%
71.0 166 91.4 OPM %
-534 bps -4597 bps
26.2% 72.2% 31.5% Other income
+550.9% +336.0%
199 45.6 30.6 Net profit?
from loss from loss 122 -85.7 -165 PAT margin %
+10207 bps +8227 bps
45.0% -37.3% -57.1% EPS (₹)
from loss from loss 4.73 -4.23 -9.01
Quality of profit
Pre-tax profit ₹161 Cr: core business −₹38.0 Cr, other income ₹199 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹749 Cr:
794% of FY26 net profit of ₹94.3 Cr.
Borrowings ₹3,264 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹246 ₹271
+10.3% above
Operating margin contracted 454 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+7.7% +26.6%
98.2 77.6 91.2 Operating profit
to loss to loss -1.8 0.7 2.4 OPM %
-454 bps -281 bps
-1.9% 0.9% 2.7% Other income
from loss from loss 0.2 -0.2 -0.5 Net profit?
loss widened loss widened -5.2 -2.4 -0.7 PAT margin %
-452 bps -218 bps
-5.3% -3.1% -0.7% EPS (₹)
loss widened loss widened -2.45 -1.13 -0.32
Quality of profit
Pre-tax profit −₹5.3 Cr: core business −₹5.5 Cr, other income ₹0.2 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹13.0 Cr.
Borrowings ₹72.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹101 ₹98.2
-2.6% in line
M Cap ₹116 Cr
P/E 10.1
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 4077 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-57.1% +2.1%
48.0 47.0 112 Operating profit
from loss from loss 17.0 -3.0 -6.0 OPM %
+4077 bps +4180 bps
35.4% -6.4% -5.4% Other income
-50.0% —
3.0 0.0 6.0 Net profit
from loss from loss 13.0 -5.0 -6.0 PAT margin %
+3244 bps +3772 bps
27.1% -10.6% -5.4% EPS (₹)
from loss from loss 2.41 -0.87 -1.13
Quality of profit
Pre-tax profit ₹16.0 Cr: core business ₹13.0 Cr, other income ₹3.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹9.0 Cr:
900% of FY26 net profit of ₹1.0 Cr.
Borrowings ₹77.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹101 ₹48.0
-52.6% below
M Cap ₹116 Cr
P/E 18.1
PEG 0.19
Turnaround: profit against a loss a year ago Operating margin expanded 4034 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
+440.1% +431.6%
13.6 2.6 2.5 Operating profit
from loss -88.2%
0.1 0.8 -1.0 OPM %
+4034 bps -2903 bps
0.7% 29.7% -39.7% Other income
+69.0% +294.4%
0.7 0.2 0.4 Net profit
from loss -9.1%
0.2 0.2 -0.7 PAT margin %
+2964 bps -712 bps
1.5% 8.6% -28.2% EPS (₹)
from loss +0.0%
0.04 0.04 -0.14
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.5 Cr, other income ₹0.7 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹5.3 Cr:
428% of FY26 net profit of ₹1.2 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1.3 ₹13.6
+980.2% above
M Cap ₹116 Cr
P/E 162.2
PEG —
Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— +73.4%
2.3 1.3 0.2 Operating profit
loss narrowed loss widened -0.7 -0.5 -2.7 OPM %
— +294 bps
-32.3% -35.2% — Other income
-35.1% -4.8%
0.8 0.8 1.2 Net profit?
loss narrowed to loss -0.1 0.1 -1.7 PAT margin %
— -1458 bps
-3.8% 10.8% — EPS (₹)
loss narrowed to loss -0.02 0.04 -0.22
Quality of profit
Pre-tax profit −₹0.0 Cr: core business −₹0.8 Cr, other income ₹0.8 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹2.4 Cr:
-617% of FY26 net profit of ₹0.4 Cr.
Borrowings ₹6.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.1 ₹2.3
+999.0% above
Operating margin contracted 3871 bps YoY
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-21.1% -23.7%
45.0 59.0 57.0 Operating profit
loss widened to loss -19.0 3.0 -2.0 OPM %
-3871 bps -4731 bps
-42.2% 5.1% -3.5% Other income
— +400.0%
10.0 2.0 0.0 Net profit?
loss widened loss widened -23.0 -3.0 -11.0 PAT margin %
-3181 bps -4603 bps
-51.1% -5.1% -19.3% EPS (₹)
loss widened loss widened -5.27 -0.71 -2.48
Quality of profit
Pre-tax profit −₹17.0 Cr: core business −₹28.0 Cr, other income ₹10.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹27.0 Cr.
Borrowings ₹214 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹69.3 ₹45.0
-35.1% below
Into loss: a profit a year ago Profit -999% below its own trend Operating margin contracted 3524 bps YoY Borrowings up 375% since Mar 2025
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-83.5% -51.5%
8.0 16.6 48.7 Operating profit
to loss to loss -2.7 0.5 0.9 OPM %
-3524 bps -3643 bps
-33.3% 3.1% 1.9% Other income
from loss +176.0%
1.8 0.7 -0.1 Net profit?
to loss to loss -2.2 0.7 0.4 PAT margin %
-2812 bps -3169 bps
-27.2% 4.5% 0.9% EPS (₹)
to loss to loss -0.79 0.27 0.15
Quality of profit
Pre-tax profit −₹1.0 Cr: core business −₹2.8 Cr, other income ₹1.8 Cr.
Core profit YoY: to loss
Cash & debt
Borrowings ₹19.0 Cr at Sep 2025, against ₹4.0 Cr at Mar 2025 (+375% ).
Against its own trend ?
Trend Actual Gap
Sales ₹83.9 ₹8.0
-90.4% below Net profit ₹0.2 −₹2.2
-999.0% below
How to read this page
The numbers. Each card is one company's Q4 FY26 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Net profit. On a consolidated statement, net profit is the profit of the whole group for the quarter,
before minority interest. A company's own headline, and the AI read of its filing, often quote the profit
attributable to its shareholders instead, which is lower when subsidiaries are partly owned: Larsen & Toubro's
Q1 FY27 group profit was ₹4,988 Cr, of which ₹4,123 Cr belonged to its shareholders. EPS is worked out on that
attributable profit, so EPS and net profit need not grow at the same rate. On a standalone statement the two
are the same.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 14 Oct 2026, 14:51 IST
