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.

Updated 13 Oct 2026, 14:24 IST 5115 declared
The next results season has started: 36 companies have filed results for the quarter ended 30 Sep 2026. See them →

Q4 FY26 scoreboard

Sales growth
+12.4%
YoY, 4645 companies combined; median +11.7%
Net profit growth
+34.1%
YoY combined; median +16.1%
Operating margin
14.3%
+10 bps YoY
Grew profit
55%
472 turnarounds, 495 into loss
Vs own profit trend
38% / 48%
above / below, 14% in line
Banks: NII growth
+9.1%
120 lenders; profit +11.1%
Price since results
-4.8%
median; 37% of 35 stocks up
Other-income heavy
1375
25%+ of pre-tax profit from other income & one-offs

Latest Q4 FY26 results 5115

Page 8 of 171

Dabur India Limited

DABUR · Personal Care & FMCG · Q4 FY26 · Consolidated
M Cap
₹66,417 Cr
P/E
34.1
PEG
8.53
  • Profit +11% above its own trend
  • 37% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +7.3%-14.6% 3,0383,5592,830
Operating profit +8.0%-37.2% 461734427
OPM % +9 bps-545 bps 15.2%20.6%15.1%
Other income +24.1%+24.4% 175141141
Net profit? +15.7%-34.6% 362554313
PAT margin % +86 bps-364 bps 11.9%15.6%11.1%
EPS (₹) +14.9%-34.2% 2.083.161.81

Quality of profit

Core 63%Other income & one-offs 37%

Pre-tax profit ₹474 Cr: core business ₹299 Cr, other income ₹175 Cr.

Core profit YoY: +10.3% · reported profit +15.7%

Cash & debt

FY26 cash from operations ₹2,579 Cr: 138% of FY26 net profit of ₹1,869 Cr.

Borrowings ₹1,287 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,929₹3,038 +3.7% in line
Net profit₹328₹362 +10.5% above

Havells India Limited

HAVELLS · Electrical Equipment · Q4 FY26 · Consolidated
M Cap
₹66,019 Cr
P/E
40.4
PEG
2.53
  • Profit +25% above its own trend
  • 34% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -4%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +2.5%+20.3% 6,7055,5736,544
Operating profit -3.7%+39.1% 729524757
OPM % -70 bps+147 bps 10.9%9.4%11.6%
Other income +351.1%+625.5% 31042.768.7
Net profit? +39.8%+139.9% 723301517
PAT margin % +288 bps+538 bps 10.8%5.4%7.9%
EPS (₹) +39.6%+140.2% 11.534.808.26

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹918 Cr: core business ₹607 Cr, other income ₹310 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -4.0% · reported profit +39.8%

Cash & debt

FY26 cash from operations ₹1,572 Cr: 93% of FY26 net profit of ₹1,690 Cr.

Borrowings ₹265 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹7,175₹6,705 -6.5% below
Net profit₹579₹723 +24.8% above

L&T Finance Limited

LTF · NBFC & Finance Companies · Q4 FY26 · Consolidated
M Cap
₹65,834 Cr
P/E
14.2
PEG
0.06
  • Profit +15% above its own trend
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +18.5%+4.8% 4,7714,5534,027
Net interest income —+5.2% 3,0242,875—
Other income —loss narrowed 0.0-25.0—
Net profit? +27.2%-62.8% 8092,174636
EPS (₹) +26.3%-63.0% 3.228.702.55

Against its own trend ?

TrendActualGap
Net profit₹701₹809 +15.4% above

The Phoenix Mills Limited

PHOENIXLTD · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹65,813 Cr
P/E
42.8
PEG
3.06
  • Profit +46% above its own trend
  • Operating margin expanded 576 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +21.3%+10.0% 1,2331,1211,016
Operating profit +34.0%+14.3% 750656560
OPM % +576 bps+229 bps 60.8%58.5%55.1%
Other income +26.3%+20.6% 57.047.345.1
Net profit? +40.0%+75.9% 485276347
PAT margin % +524 bps+1474 bps 39.3%24.6%34.1%
EPS (₹) +50.0%+46.3% 11.287.717.52

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹620 Cr: core business ₹564 Cr, other income ₹57.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +50.3% · reported profit +40.0%

Cash & debt

FY26 cash from operations ₹2,426 Cr: 166% of FY26 net profit of ₹1,464 Cr.

Borrowings ₹5,323 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,120₹1,233 +10.1% above
Net profit₹332₹485 +46.2% above

RBL Bank Limited

RBLBANK · Private Sector Banks · Q4 FY26 · Consolidated
M Cap
₹64,748 Cr
P/E
53.8
PEG
—
  • Profit +289% above its own trend
  • Gross NPA down 115 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +7.0%+1.5% 4,7914,7184,478
Net interest income +6.9%+0.9% 1,6721,6581,564
Other income +6.9%+1.7% 1,0701,0521,001
Net profit? +180.5%+7.0% 24422887.0
EPS (₹) +176.2%+6.5% 3.953.711.43
Gross NPA % -115 bps-43 bps 1.4%1.9%2.6%
Net NPA % +10 bps-16 bps 0.4%0.6%0.3%

Against its own trend ?

TrendActualGap
NII₹1,516₹1,672 +10.3% above
Net profit₹62.7₹244 +289.3% above

Glenmark Pharmaceuticals Limited

GLENMARK · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹64,432 Cr
P/E
35.8
PEG
0.47
  • Profit +999% above its own trend
  • Operating margin expanded 300 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +15.8%-3.3% 3,7713,9013,256
Operating profit +36.0%-12.3% 763870561
OPM % +300 bps-206 bps 20.2%22.3%17.2%
Other income loss narrowedto loss -18444.5-361
Net profit? —-25.4% 3014034.0
PAT margin % +786 bps-236 bps 8.0%10.3%0.1%
EPS (₹) —-25.3% 10.6814.290.16

Quality of profit

Pre-tax profit ₹388 Cr: core business ₹572 Cr, other income −₹184 Cr.

Core profit YoY: +55.0%

Cash & debt

FY26 cash from operations ₹3,445 Cr: 253% of FY26 net profit of ₹1,362 Cr.

Borrowings ₹594 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,369₹3,771 +11.9% above
Net profit₹2.0₹301 +999.0% above

Yes Bank Limited

YESBANK · Private Sector Banks · Q4 FY26 · Consolidated
M Cap
₹64,158 Cr
P/E
17.0
PEG
0.25
  • Gross NPA down 30 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +0.4%+2.2% 9,4789,2729,438
Net interest income +15.9%+7.0% 2,6322,4602,271
Other income +0.1%+5.6% 1,8161,7201,815
Net profit? +45.3%+13.1% 1,082957745
EPS (₹) +41.7%+13.3% 0.340.300.24
Gross NPA % -30 bps-20 bps 1.3%1.5%1.6%
Net NPA % -10 bps-10 bps 0.2%0.3%0.3%

Against its own trend ?

TrendActualGap
NII₹2,402₹2,632 +9.6% above
Net profit₹1,158₹1,082 -6.6% in line

Bank of Maharashtra

MAHABANK · Public Sector Banks · Q4 FY26 · Consolidated
M Cap
₹63,840 Cr
P/E
8.5
PEG
0.22
  • Profit +10% above its own trend
  • Gross NPA down 29 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +12.7%+5.0% 8,6938,2777,712
Net interest income +18.8%+8.2% 3,7033,4233,117
Other income -4.4%+0.5% 938933981
Net profit? +36.1%+13.7% 2,0451,7991,502
EPS (₹) +36.4%+13.7% 2.662.341.95
Gross NPA % -29 bps-15 bps 1.4%1.6%1.7%
Net NPA % -5 bps-2 bps 0.1%0.1%0.2%

Against its own trend ?

TrendActualGap
NII₹3,644₹3,703 +1.6% in line
Net profit₹1,858₹2,045 +10.1% above

UNO Minda Limited

UNOMINDA · Auto Components · Q4 FY26 · Consolidated
M Cap
₹63,775 Cr
P/E
49.7
PEG
2.16
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +17.8%+6.3% 5,3365,0184,528
Operating profit +14.4%+8.9% 603554527
OPM % -34 bps+27 bps 11.3%11.0%11.6%
Other income +12.9%— 70.03.762.0
Net profit? +21.8%+17.1% 352300289
PAT margin % +21 bps+61 bps 6.6%6.0%6.4%
EPS (₹) +21.6%+17.5% 5.644.804.64

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹436 Cr: core business ₹366 Cr, other income ₹70.0 Cr.

Core profit YoY: +14.0% · reported profit +21.8%

Cash & debt

FY26 cash from operations ₹1,720 Cr: 134% of FY26 net profit of ₹1,284 Cr.

Borrowings ₹2,740 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5,364₹5,336 -0.5% in line
Net profit₹346₹352 +1.8% in line

Alkem Laboratories Limited

ALKEM · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹62,234 Cr
P/E
28.5
PEG
0.89
  • Profit -24% below its own trend
  • Operating margin expanded 190 bps YoY
  • Core business grew faster than reported profit (core profit +42%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +14.6%-3.6% 3,6033,7373,144
Operating profit +32.1%-37.6% 517828391
OPM % +190 bps-781 bps 14.3%22.2%12.4%
Other income -55.5%-27.8% 65.090.0146
Net profit? -17.9%-60.5% 251636306
PAT margin % -276 bps-1005 bps 7.0%17.0%9.7%
EPS (₹) -22.7%-62.8% 19.7853.1925.58

Quality of profit

Core 84%Other income & one-offs 16%

Pre-tax profit ₹423 Cr: core business ₹357 Cr, other income ₹65.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +42.1% · reported profit -17.9%

Cash & debt

FY26 cash from operations ₹1,963 Cr: 84% of FY26 net profit of ₹2,330 Cr.

Borrowings ₹2,047 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,489₹3,603 +3.3% in line
Net profit₹332₹251 -24.5% below

Adani Total Gas Limited

ATGL · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹61,941 Cr
P/E
98.0
PEG
16.34
  • Profit +15% above its own trend
  • Operating margin expanded 101 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +7.1%-5.0% 1,5571,6391,453
Operating profit +13.0%-1.3% 301305266
OPM % +101 bps+72 bps 19.3%18.6%18.3%
Other income +66.6%+105.0% 24.011.714.4
Net profit? +8.7%+5.9% 168159155
PAT margin % +15 bps+111 bps 10.8%9.7%10.6%
EPS (₹) +8.5%+6.3% 1.531.441.41

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹227 Cr: core business ₹203 Cr, other income ₹24.0 Cr.

Core profit YoY: +7.3% · reported profit +8.7%

Cash & debt

FY26 cash from operations ₹1,149 Cr: 175% of FY26 net profit of ₹655 Cr.

Borrowings ₹2,255 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,719₹1,557 -9.4% below
Net profit₹145₹168 +15.5% above

NMDC Limited

NMDC · Mining & Minerals · Q4 FY26 · Consolidated
M Cap
₹61,842 Cr
P/E
8.3
PEG
0.49
  • Profit +37% above its own trend
  • Operating margin contracted 597 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +61.9%+49.0% 11,3437,6117,005
Operating profit +28.9%+23.3% 2,6442,1442,051
OPM % -597 bps-486 bps 23.3%28.2%29.3%
Other income -12.2%+16.1% 432372492
Net profit? +37.2%+15.4% 2,0271,7571,477
PAT margin % -321 bps-521 bps 17.9%23.1%21.1%
EPS (₹) +37.5%+15.5% 2.312.001.68

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹2,873 Cr: core business ₹2,441 Cr, other income ₹432 Cr.

Core profit YoY: +32.3% · reported profit +37.2%

Cash & debt

FY26 cash from operations ₹4,996 Cr: 67% of FY26 net profit of ₹7,450 Cr.

Borrowings ₹6,407 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹8,418₹11,343 +34.7% above
Net profit₹1,484₹2,027 +36.6% above

Oberoi Realty Limited

OBEROIRLTY · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹61,812 Cr
P/E
—
PEG
—
  • Profit +88% above its own trend
  • Operating margin contracted 472 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +52.2%+17.2% 1,7501,4931,150
Operating profit +40.0%+9.4% 949868678
OPM % -472 bps-390 bps 54.2%58.1%58.9%
Other income +17.5%+108.9% 74.035.463.0
Net profit? +62.4%+12.8% 703623433
PAT margin % +252 bps-157 bps 40.2%41.7%37.6%
EPS (₹) +62.4%+13.0% 19.3417.1211.91

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹963 Cr: core business ₹889 Cr, other income ₹74.0 Cr.

Core profit YoY: +54.9% · reported profit +62.4%

Cash & debt

FY26 cash from operations ₹1,380 Cr: 55% of FY26 net profit of ₹2,507 Cr.

Borrowings ₹2,825 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,111₹1,750 +57.5% above
Net profit₹374₹703 +87.9% above

Prestige Estates Projects Limited

PRESTIGE · Construction & Infrastructure · Q4 FY26 · Consolidated
M Cap
₹61,573 Cr
P/E
48.7
PEG
2.70
  • Profit +359% above its own trend
  • Operating margin contracted 983 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +166.6%+5.2% 4,0743,8731,528
Operating profit +90.9%+17.4% 1,010860529
OPM % -983 bps+259 bps 24.8%22.2%34.6%
Other income +14.8%+94.4% 70.036.061.0
Net profit? +579.1%+19.2% 29224543.0
PAT margin % +435 bps+84 bps 7.2%6.3%2.8%
EPS (₹) +901.7%+12.4% 5.815.170.58

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹413 Cr: core business ₹342 Cr, other income ₹70.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: — · reported profit +579.1%

Cash & debt

FY26 cash from operations ₹3,223 Cr: 247% of FY26 net profit of ₹1,306 Cr.

Borrowings ₹17,659 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,753₹4,074 +132.4% above
Net profit₹63.7₹292 +358.7% above

INDO-MIM Limited

INDOMIM · Castings & Forgings · Q4 FY26 · Consolidated
M Cap
₹61,365 Cr
P/E
—
PEG
—
  • 45% of pre-tax profit came from other income and one-off items
₹ Cr Mar 2026
Sales 1,048
Operating profit 201
OPM % 19.2%
Other income 85.0
Net profit? 139
PAT margin % 13.3%
EPS (₹) 2.87

Dec 2025 and Mar 2025 are not on record for this company, so there is nothing to compare with yet.

Quality of profit

Core 55%Other income & one-offs 45%

Pre-tax profit ₹185 Cr: core business ₹101 Cr, other income ₹85.0 Cr, exceptional & other items −₹1.0 Cr.

Radico Khaitan Limited

RADICO · Breweries & Distilleries · Q4 FY26 · Consolidated
M Cap
₹61,029 Cr
P/E
86.8
PEG
2.12
  • Profit +15% above its own trend
  • Operating margin expanded 523 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +15.3%-2.8% 1,5041,5471,304
Operating profit +59.6%+6.3% 284267178
OPM % +523 bps+161 bps 18.9%17.3%13.7%
Other income +233.3%+283.2% 10.02.63.0
Net profit? +94.6%+15.5% 17915592.0
PAT margin % +485 bps+189 bps 11.9%10.0%7.1%
EPS (₹) +94.8%+15.8% 13.4011.576.88

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹237 Cr: core business ₹227 Cr, other income ₹10.0 Cr.

Core profit YoY: +89.2% · reported profit +94.6%

Cash & debt

FY26 cash from operations ₹743 Cr: 123% of FY26 net profit of ₹604 Cr.

Borrowings ₹498 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,643₹1,504 -8.5% below
Net profit₹156₹179 +14.7% above

Bank of India Limited

BANKINDIA · Public Sector Banks · Q4 FY26 · Consolidated
M Cap
₹60,733 Cr
P/E
5.2
PEG
0.12
  • Profit +11% above its own trend
  • Gross NPA down 129 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +4.2%+6.9% 22,85321,37921,934
Net interest income +10.4%+3.7% 6,7886,5486,146
Other income -5.1%+41.0% 3,2802,3273,455
Net profit? +18.7%+9.8% 3,0892,8142,602
EPS (₹) +18.5%+9.7% 6.786.185.72
Gross NPA % -129 bps-28 bps 2.0%2.3%3.3%
Net NPA % -26 bps-4 bps 0.6%0.6%0.8%

Against its own trend ?

TrendActualGap
NII₹6,180₹6,788 +9.8% above
Net profit₹2,772₹3,089 +11.5% above

Swiggy Limited

SWIGGY · Miscellaneous · Q4 FY26 · Consolidated
M Cap
₹60,260 Cr
P/E
—
PEG
—
  • Operating margin expanded 1092 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +44.7%+3.8% 6,3836,1484,410
Operating profit loss narrowedloss narrowed -698-783-964
OPM % +1092 bps+180 bps -10.9%-12.7%-21.9%
Other income +119.8%+209.3% 26686.0121
Net profit? loss narrowedloss narrowed -800-1,065-1,081
PAT margin % +1198 bps+479 bps -12.5%-17.3%-24.5%
EPS (₹) loss narrowedloss narrowed -2.90-3.86-4.73

Quality of profit

Pre-tax profit −₹800 Cr: core business −₹1,066 Cr, other income ₹266 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations −₹2,898 Cr.

Borrowings ₹2,551 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹6,790₹6,383 -6.0% below

Ather Energy Limited

ATHERENERG · Two & Three Wheelers · Q4 FY26 · Standalone
M Cap
₹59,927 Cr
P/E
—
PEG
—
  • Operating margin expanded 1949 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +73.8%+23.2% 1,175954676
Operating profit loss narrowedloss narrowed -70.0-72.0-172
OPM % +1949 bps+159 bps -6.0%-7.5%-25.4%
Other income +225.0%+5.4% 39.037.012.0
Net profit loss narrowedloss widened -100-85.0-234
PAT margin % +2610 bps+40 bps -8.5%-8.9%-34.6%
EPS (₹) loss narrowedloss widened -2.62-2.22-8.06

Quality of profit

Pre-tax profit −₹100 Cr: core business −₹140 Cr, other income ₹39.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: loss narrowed

Cash & debt

FY26 cash from operations ₹32.0 Cr.

Borrowings ₹664 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,028₹1,175 +14.3% above

APL Apollo Tubes Limited

APLAPOLLO · Iron & Steel · Q4 FY26 · Consolidated
M Cap
₹59,902 Cr
P/E
48.8
PEG
2.12
  • Profit -23% below its own trend
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +13.8%+4.8% 6,2695,9825,509
Operating profit +23.4%+8.3% 511472414
OPM % +64 bps+26 bps 8.2%7.9%7.5%
Other income +2.9%+44.0% 36.025.035.0
Net profit? +20.8%+14.2% 354310293
PAT margin % +33 bps+46 bps 5.6%5.2%5.3%
EPS (₹) +20.8%+14.2% 12.7611.1710.56

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹457 Cr: core business ₹420 Cr, other income ₹36.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: +29.6% · reported profit +20.8%

Cash & debt

FY26 cash from operations ₹2,103 Cr: 194% of FY26 net profit of ₹1,082 Cr.

Borrowings ₹498 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹6,037₹6,269 +3.8% in line
Net profit₹462₹354 -23.3% below

Aster DM Quality Care Limited

ASTERDM · Hospitals & Healthcare Services · Q4 FY26 · Consolidated
M Cap
₹59,221 Cr
P/E
163.0
PEG
—
  • Profit +74% above its own trend
  • Profit grew faster than the core business (core profit +48%)
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +18.2%-0.3% 1,1821,1861,000
Operating profit +23.1%+10.9% 224202182
OPM % +75 bps+192 bps 19.0%17.0%18.2%
Other income +640.0%— 37.00.05.0
Net profit? +79.1%+161.0% 15459.086.0
PAT margin % +443 bps+805 bps 13.0%5.0%8.6%
EPS (₹) +71.5%+168.3% 2.711.011.58

Quality of profit

Core 78%Other income & one-offs 22%

Pre-tax profit ₹163 Cr: core business ₹127 Cr, other income ₹37.0 Cr, exceptional & other items −₹1.0 Cr.

Core profit YoY: +47.7% · reported profit +79.1%

Cash & debt

FY26 cash from operations ₹656 Cr: 153% of FY26 net profit of ₹428 Cr.

Borrowings ₹2,220 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,116₹1,182 +5.9% above
Net profit₹88.6₹154 +73.8% above

Torrent Power Limited

TORNTPOWER · Power Generation & Utilities · Q4 FY26 · Consolidated
M Cap
₹59,178 Cr
P/E
24.5
PEG
4.09
  • Profit -78% below its own trend
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -0.8%-5.5% 6,4066,7786,456
Operating profit +1.7%-18.1% 1,1491,4031,130
OPM % +43 bps-276 bps 17.9%20.7%17.5%
Other income -37.7%+2.9% 71.069.0114
Net profit? -69.3%-49.5% 3316551,077
PAT margin % -1152 bps-450 bps 5.2%9.7%16.7%
EPS (₹) -70.0%-50.5% 6.3112.7621.03

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹547 Cr: core business ₹476 Cr, other income ₹71.0 Cr.

Core profit YoY: -5.7% · reported profit -69.3%

Cash & debt

FY26 cash from operations ₹5,464 Cr: 226% of FY26 net profit of ₹2,412 Cr.

Borrowings ₹13,971 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹6,558₹6,406 -2.3% in line
Net profit₹1,533₹331 -78.4% below

Kalyan Jewellers India Limited

KALYANKJIL · Gems & Jewellery · Q4 FY26 · Consolidated
M Cap
₹58,572 Cr
P/E
40.8
PEG
0.93
  • Profit +29% above its own trend
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +66.2%-0.7% 10,27510,3436,182
Operating profit +84.3%-1.9% 736750399
OPM % +70 bps-9 bps 7.2%7.3%6.5%
Other income +12.7%+100.0% 46.023.040.8
Net profit? +118.5%-1.4% 410416188
PAT margin % +96 bps-3 bps 4.0%4.0%3.0%
EPS (₹) +118.1%-1.5% 3.974.031.82

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹539 Cr: core business ₹493 Cr, other income ₹46.0 Cr.

Core profit YoY: +135.0% · reported profit +118.5%

Cash & debt

FY26 cash from operations ₹1,318 Cr: 98% of FY26 net profit of ₹1,351 Cr.

Borrowings ₹6,117 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹8,271₹10,275 +24.2% above
Net profit₹318₹410 +28.9% above

Indian Overseas Bank

IOB · Public Sector Banks · Q4 FY26 · Consolidated
M Cap
₹58,251 Cr
P/E
9.8
PEG
0.26
  • Profit -12% below its own trend
  • Gross NPA down 72 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Total income +6.1%+1.1% 9,7809,6729,216
Net interest income +11.0%+5.2% 3,4703,2993,125
Other income -18.3%-13.9% 1,2911,4991,581
Net profit? +42.5%+9.0% 1,5561,4271,092
EPS (₹) +42.1%+14.1% 0.810.710.57
Gross NPA % -72 bps-12 bps 1.4%1.5%2.1%
Net NPA % -16 bps-3 bps 0.2%0.2%0.4%

Against its own trend ?

TrendActualGap
NII₹3,692₹3,470 -6.0% below
Net profit₹1,772₹1,556 -12.2% below

Jindal Stainless Limited

JSL · Iron & Steel · Q4 FY26 · Consolidated
M Cap
₹58,245 Cr
P/E
18.0
PEG
1.20
  • Profit +16% above its own trend
  • Operating margin expanded 243 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +11.2%+7.8% 11,33710,51810,198
Operating profit +37.2%+3.3% 1,4551,4081,061
OPM % +243 bps-55 bps 12.8%13.4%10.4%
Other income -10.6%-17.8% 84.010294.0
Net profit? +41.4%+0.8% 834828590
PAT margin % +157 bps-51 bps 7.4%7.9%5.8%
EPS (₹) +42.5%+1.7% 10.2310.067.18

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹1,112 Cr: core business ₹1,028 Cr, other income ₹84.0 Cr.

Core profit YoY: +53.5% · reported profit +41.4%

Cash & debt

FY26 cash from operations ₹3,395 Cr: 107% of FY26 net profit of ₹3,184 Cr.

Borrowings ₹7,460 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹11,020₹11,337 +2.9% in line
Net profit₹721₹834 +15.7% above

Schaeffler India Limited

SCHAEFFLER · Bearings & Abrasives · Q4 FY26 · Consolidated
M Cap
₹57,704 Cr
P/E
46.0
PEG
4.60
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +18.9%-5.1% 2,5862,7242,174
Operating profit +21.7%-1.3% 478484393
OPM % +42 bps+71 bps 18.5%17.8%18.1%
Other income +25.2%-3.0% 42.043.333.5
Net profit? +25.6%-2.0% 316322252
PAT margin % +65 bps+39 bps 12.2%11.8%11.6%
EPS (₹) +25.6%-1.8% 20.2220.6016.10

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹429 Cr: core business ₹387 Cr, other income ₹42.0 Cr.

Core profit YoY: +25.6% · reported profit +25.6%

Cash & debt

Borrowings ₹55.0 Cr at Dec 2025.

Against its own trend ?

TrendActualGap
Sales₹2,513₹2,586 +2.9% in line
Net profit₹301₹316 +4.9% in line

Fortis Healthcare Limited

FORTIS · Hospitals & Healthcare Services · Q4 FY26 · Consolidated
M Cap
₹57,169 Cr
P/E
53.7
PEG
1.99
  • Profit +17% above its own trend
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +17.8%+4.4% 2,3652,2652,007
Operating profit +22.2%+5.1% 532506435
OPM % +80 bps+15 bps 22.5%22.3%21.7%
Other income to lossloss narrowed -2.0-34.024.4
Net profit? +44.1%+37.6% 271197188
PAT margin % +209 bps+276 bps 11.5%8.7%9.4%
EPS (₹) +44.3%+37.0% 3.522.572.44

Quality of profit

Pre-tax profit ₹324 Cr: core business ₹326 Cr, other income −₹2.0 Cr.

Core profit YoY: +22.7% · reported profit +44.1%

Cash & debt

FY26 cash from operations ₹1,601 Cr: 150% of FY26 net profit of ₹1,064 Cr.

Borrowings ₹3,473 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹2,347₹2,365 +0.8% in line
Net profit₹231₹271 +17.2% above

National Aluminium Company Limited

NATIONALUM · Aluminium · Q4 FY26 · Consolidated
M Cap
₹57,083 Cr
P/E
8.5
PEG
0.14
  • Profit -47% below its own trend
  • Operating margin contracted 542 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -4.8%+6.0% 5,0134,7315,268
Operating profit -14.7%+7.8% 2,3492,1792,754
OPM % -542 bps+79 bps 46.9%46.1%52.3%
Other income +60.8%+4.1% 202194126
Net profit? -16.7%+8.0% 1,7221,5952,067
PAT margin % -489 bps+63 bps 34.4%33.7%39.2%
EPS (₹) -16.7%+7.9% 9.388.6911.26

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹2,316 Cr: core business ₹2,114 Cr, other income ₹202 Cr.

Core profit YoY: -19.7% · reported profit -16.7%

Cash & debt

FY26 cash from operations ₹6,438 Cr: 111% of FY26 net profit of ₹5,797 Cr.

Borrowings ₹60.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹6,336₹5,013 -20.9% below
Net profit₹3,257₹1,722 -47.1% below

Biocon Limited

BIOCON · Pharmaceuticals · Q4 FY26 · Consolidated
M Cap
₹56,396 Cr
P/E
135.3
PEG
—
  • Profit -78% below its own trend
  • Operating margin contracted 183 bps YoY
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales +2.3%+8.2% 4,5174,1734,417
Operating profit -5.4%+22.4% 1,0208341,078
OPM % -183 bps+261 bps 22.6%20.0%24.4%
Other income to lossto loss -28.011736.9
Net profit? -56.7%from loss 199-51.8459
PAT margin % -600 bps+565 bps 4.4%-1.2%10.4%
EPS (₹) -72.9%-27.8% 0.781.082.88

Quality of profit

Pre-tax profit ₹248 Cr: core business ₹275 Cr, other income −₹28.0 Cr, exceptional & other items ₹1.0 Cr.

Core profit YoY: -36.0% · reported profit -56.7%

Cash & debt

FY26 cash from operations ₹1,994 Cr: 540% of FY26 net profit of ₹369 Cr.

Borrowings ₹15,434 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5,026₹4,517 -10.1% below
Net profit₹919₹199 -78.3% below

General Insurance Corporation of India

GICRE · NBFC & Finance Companies · Q4 FY26 · Consolidated
M Cap
₹55,474 Cr
P/E
6.2
PEG
0.52
  • Profit -21% below its own trend
  • Operating margin contracted 378 bps YoY
  • FY26 operating cash flow was only 5% of profit
₹ CrYoYQoQ Mar 2026Dec 2025Mar 2025
Sales -1.4%+3.4% 13,01812,58913,209
Operating profit -17.8%+4.1% 2,4632,3662,998
OPM % -378 bps+13 bps 18.9%18.8%22.7%
Other income +341.8%+377.8% 645135146
Net profit? +1.4%+46.8% 2,5331,7262,499
PAT margin % +54 bps+575 bps 19.5%13.7%18.9%
EPS (₹) +1.4%+46.7% 14.449.8414.24

Quality of profit

Core 79%Other income & one-offs 21%

Pre-tax profit ₹3,108 Cr: core business ₹2,463 Cr, other income ₹645 Cr.

Core profit YoY: -17.8% · reported profit +1.4%

Cash & debt

FY26 cash from operations ₹466 Cr: 5% of FY26 net profit of ₹9,664 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹14,956₹13,018 -13.0% below
Net profit₹3,221₹2,533 -21.4% 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.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI