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
Results calendar
Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26
The next results season has started: 41 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
-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
1375 matching results 1375
Page 8 of 46
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
M Cap ₹3,649 Cr
P/E 10.9
PEG —
28% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.5% +11.9%
1,827 1,633 1,748 Operating profit
+4.9% +17.4%
216 184 206 OPM %
+4 bps +55 bps
11.8% 11.3% 11.8% Other income
+20.5% from loss 47.0 -11.0 39.0 Net profit?
+13.4% +122.4%
110 49.5 97.0 PAT margin %
+47 bps +299 bps
6.0% 3.0% 5.5% EPS (₹)
-8.7% +111.8%
41.01 19.36 44.94
Quality of profit
Pre-tax profit ₹162 Cr: core business ₹116 Cr, other income ₹47.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +12.6%
· reported profit +13.4%
Cash & debt
FY26 cash from operations ₹870 Cr:
247% of FY26 net profit of ₹353 Cr.
Borrowings ₹1,113 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,797 ₹1,827
+1.7% in line Net profit ₹118 ₹110
-7.1% in line
M Cap ₹3,619 Cr
P/E 33.2
PEG 6.64
Profit -84% below its own trend 86% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +56%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+9.0% +4.5%
328 314 301 Operating profit
+17.1% +15.4%
46.6 40.4 39.8 OPM %
+99 bps +134 bps
14.2% 12.9% 13.2% Other income
loss widened to loss -31.2 7.0 -0.9 Net profit?
-79.2% -83.3%
5.1 30.4 24.4 PAT margin %
-655 bps -813 bps
1.5% 9.7% 8.1% EPS (₹)
-79.2% -83.5%
5.88 35.54 28.25
Quality of profit
Pre-tax profit ₹142 Cr: core business ₹19.3 Cr, other income −₹31.2 Cr, exceptional & other items ₹154 Cr.
Core profit YoY: +55.8%
· reported profit -79.2%
Cash & debt
FY26 cash from operations ₹132 Cr:
126% of FY26 net profit of ₹105 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹384 ₹328
-14.4% below Net profit ₹32.6 ₹5.1
-84.4% below
M Cap ₹3,560 Cr
P/E 32.0
PEG 1.18
Profit -83% below its own trend Operating margin contracted 617 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
-15.9% +8.2%
788 728 936 Operating profit
-38.8% +1.7%
130 127 212 OPM %
-617 bps -105 bps
16.5% 17.5% 22.6% Other income
-27.0% -31.7%
67.4 98.7 92.4 Net profit?
-66.0% -21.0%
42.8 54.3 126 PAT margin %
-801 bps -201 bps
5.4% 7.5% 13.5% EPS (₹)
-65.2% -20.0%
0.08 0.10 0.23
Quality of profit
Pre-tax profit ₹42.8 Cr: core business −₹24.6 Cr, other income ₹67.4 Cr.
Core profit YoY: to loss
· reported profit -66.0%
Cash & debt
FY26 cash from operations ₹372 Cr:
709% of FY26 net profit of ₹52.4 Cr.
Borrowings ₹3,711 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹913 ₹788
-13.8% below Net profit ₹252 ₹42.8
-83.0% below
M Cap ₹3,547 Cr
P/E 5.5
PEG —
Profit +69% above its own trend Operating margin contracted 411 bps YoY 32% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +19%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-5.1% +34.6%
1,617 1,201 1,704 Operating profit
-23.5% +15.9%
277 239 362 OPM %
-411 bps -277 bps
17.1% 19.9% 21.2% Other income
-20.6% +35.1%
50.0 37.0 63.0 Net profit?
+44.0% +40.3%
108 77.0 75.0 PAT margin %
+228 bps +27 bps
6.7% 6.4% 4.4% EPS (₹)
+42.9% +40.5%
4.20 2.99 2.94
Quality of profit
Pre-tax profit ₹155 Cr: core business ₹105 Cr, other income ₹50.0 Cr.
Core profit YoY: +19.3%
· reported profit +44.0%
Cash & debt
FY26 cash from operations ₹4,593 Cr:
614% of FY26 net profit of ₹748 Cr.
Borrowings ₹5,170 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,255 ₹1,617
+28.8% above Net profit ₹63.7 ₹108
+69.4% above
M Cap ₹3,487 Cr
P/E 14.7
PEG 2.45
Profit -53% below its own trend 83% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -54%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-18.0% +40.8%
1,009 717 1,231 Operating profit
-19.4% +301.5%
71.0 17.7 88.1 OPM %
-12 bps +457 bps
7.0% 2.5% 7.2% Other income
— +338.7%
115 26.2 1.6 Net profit?
-6.3% from loss 103 -1.0 110 PAT margin %
+128 bps +1035 bps
10.2% -0.1% 8.9% EPS (₹)
-5.9% from loss 87.31 -0.88 92.77
Quality of profit
Pre-tax profit ₹138 Cr: core business ₹23.0 Cr, other income ₹115 Cr.
Core profit YoY: -53.8%
· reported profit -6.3%
Cash & debt
FY26 cash from operations −₹160 Cr:
-73% of FY26 net profit of ₹220 Cr.
Borrowings ₹1,435 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,208 ₹1,009
-16.5% below Net profit ₹219 ₹103
-52.9% below
M Cap ₹3,437 Cr
P/E 3062.9
PEG —
Turnaround: profit against a loss a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+260.0% +6.8%
1.4 1.3 0.4 Operating profit
loss narrowed loss narrowed -0.0 -0.2 -1.5 OPM %
— +1108 bps
-2.1% -13.2% — Other income
-52.5% -84.1%
0.2 1.2 0.4 Net profit
from loss -88.7%
0.1 0.9 -0.8 PAT margin %
— -5886 bps
6.9% 65.8% — EPS (₹)
from loss -85.7%
0.01 0.07 -0.04
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹0.1 Cr, other income ₹0.2 Cr.
Core profit YoY: loss narrowed
M Cap ₹3,234 Cr
P/E 45.9
PEG 1.35
Profit -37% below its own trend Operating margin contracted 319 bps YoY 53% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -52%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.1% -16.2%
284 339 270 Operating profit
-19.3% -43.3%
30.0 52.9 37.2 OPM %
-319 bps -505 bps
10.6% 15.6% 13.8% Other income
+246.3% +23.8%
8.0 6.5 2.3 Net profit?
-1.3% -54.1%
11.0 24.0 11.1 PAT margin %
-25 bps -320 bps
3.9% 7.1% 4.1% EPS (₹)
-4.3% -55.5%
0.89 2.00 0.93
Quality of profit
Pre-tax profit ₹15.0 Cr: core business ₹7.0 Cr, other income ₹8.0 Cr.
Core profit YoY: -52.1%
· reported profit -1.3%
Cash & debt
FY26 cash from operations ₹119 Cr:
159% of FY26 net profit of ₹75.1 Cr.
Borrowings ₹148 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹304 ₹284
-6.7% below Net profit ₹17.5 ₹11.0
-37.1% below
M Cap ₹3,209 Cr
P/E 39.3
PEG —
Profit +109% above its own trend Operating margin expanded 917 bps YoY 45% of pre-tax profit came from other income and one-off items Exceptional items of ₹-3.6 Cr in the quarter Core business grew faster than reported profit (core profit +205%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+40.4% +1.0%
136 135 96.8 Operating profit
+103.5% -0.1%
40.2 40.2 19.7 OPM %
+917 bps -33 bps
29.6% 29.9% 20.4% Other income
-42.6% -10.4%
6.2 6.9 10.8 Net profit
+49.2% +13.4%
16.4 14.5 11.0 PAT margin %
+71 bps +132 bps
12.1% 10.8% 11.4% EPS (₹)
+48.9% +13.6%
2.59 2.28 1.74
Quality of profit
Pre-tax profit ₹22.0 Cr: core business ₹12.2 Cr, other income ₹6.2 Cr, exceptional & other items ₹3.6 Cr.
Core profit YoY: +205.3%
· reported profit +49.2%
Cash & debt
FY26 cash from operations ₹135 Cr:
165% of FY26 net profit of ₹81.7 Cr.
Borrowings ₹6.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹101 ₹136
+35.0% above Net profit ₹7.9 ₹16.4
+109.1% above
M Cap ₹3,204 Cr
P/E 5.6
PEG —
Profit +334% above its own trend Operating margin contracted 578 bps YoY 46% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+8.2% +2.1%
345 338 319 Operating profit
-8.2% -8.2%
112 122 122 OPM %
-578 bps -363 bps
32.5% 36.1% 38.2% Other income
from loss —
33.0 3.0 -15.0 Net profit?
+767.4% +731.2%
399 48.0 46.0 EPS (₹)
+669.1% +789.4%
15.92 1.79 2.07
Quality of profit
Pre-tax profit ₹69.0 Cr: core business ₹37.0 Cr, other income ₹33.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: from loss
· reported profit +767.4%
Against its own trend ?
Trend Actual Gap
Sales ₹365 ₹345
-5.4% below Net profit ₹92.0 ₹399
+333.7% above
Turnaround: profit against a loss a year ago Operating margin contracted 173 bps YoY 58% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+41.9% +11.0%
387 349 273 Operating profit
+27.1% +54.4%
57.7 37.3 45.4 OPM %
-173 bps +419 bps
14.9% 10.7% 16.6% Other income
-6.7% from loss 5.5 -6.8 6.0 Net profit?
from loss from loss 9.6 -17.4 -2.1 PAT margin %
+325 bps +747 bps
2.5% -5.0% -0.8% EPS (₹)
from loss from loss 2.65 -4.82 -0.58
Quality of profit
Pre-tax profit ₹9.6 Cr: core business ₹4.0 Cr, other income ₹5.5 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹153 Cr.
Borrowings ₹687 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹248 ₹387
+56.3% above
M Cap ₹3,180 Cr
P/E 37.9
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 717 bps YoY 52% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+29.3% +2.2%
410 401 317 Operating profit
— +6.7%
32.0 30.0 2.0 OPM %
+717 bps +32 bps
7.8% 7.5% 0.6% Other income
from loss —
21.0 0.0 -45.0 Net profit
from loss +100.0%
30.0 15.0 -40.0 PAT margin %
+1994 bps +358 bps
7.3% 3.7% -12.6% EPS (₹)
from loss +93.5%
2.40 1.24 -3.17
Quality of profit
Pre-tax profit ₹40.0 Cr: core business ₹19.0 Cr, other income ₹21.0 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹46.0 Cr:
62% of FY26 net profit of ₹74.0 Cr.
Borrowings ₹154 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹292 ₹410
+40.4% above
M Cap ₹3,168 Cr
P/E 34.7
PEG 1.65
Profit +42% above its own trend Operating margin expanded 174 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
+23.8% +3.1%
197 191 159 Operating profit
+37.7% -8.1%
34.0 37.0 24.7 OPM %
+174 bps -211 bps
17.3% 19.4% 15.5% Other income
+466.6% from loss 9.0 -4.0 1.6 Net profit?
+58.1% +18.2%
26.0 22.0 16.4 PAT margin %
+286 bps +168 bps
13.2% 11.5% 10.3% EPS (₹)
+57.3% +15.7%
2.36 2.04 1.50
Quality of profit
Pre-tax profit ₹36.0 Cr: core business ₹27.0 Cr, other income ₹9.0 Cr.
Core profit YoY: +39.5%
· reported profit +58.1%
Cash & debt
FY26 cash from operations ₹58.0 Cr:
65% of FY26 net profit of ₹89.2 Cr.
Borrowings ₹12.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹169 ₹197
+16.4% above Net profit ₹18.4 ₹26.0
+41.7% above
M Cap ₹3,149 Cr
P/E 11.6
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 103 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
+7.6% +11.2%
1,871 1,682 1,740 Operating profit
+37.7% -16.3%
88.0 105 63.9 OPM %
+103 bps -154 bps
4.7% 6.2% 3.7% Other income
+249.7% +127.4%
62.0 27.3 17.7 Net profit?
from loss +28.3%
38.0 29.6 -8.7 PAT margin %
+253 bps +27 bps
2.0% 1.8% -0.5% EPS (₹)
+145.3% +68.1%
7.90 4.70 3.22
Quality of profit
Pre-tax profit ₹43.0 Cr: core business −₹19.0 Cr, other income ₹62.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹537 Cr:
1300% of FY26 net profit of ₹41.3 Cr.
Borrowings ₹935 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,795 ₹1,871
+4.3% in line
M Cap ₹3,107 Cr
P/E 30.3
PEG 1.16
Profit +24% above its own trend Operating margin expanded 502 bps YoY 29% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +47%) FY26 operating cash flow was only 28% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.7% +0.6%
88.0 87.5 83.3 Operating profit
+33.9% -44.7%
21.0 37.9 15.7 OPM %
+502 bps -1950 bps
23.9% 43.4% 18.8% Other income
-29.0% +106.9%
4.0 1.9 5.6 Net profit
+71.6% +3.4%
27.0 26.1 15.7 PAT margin %
+1179 bps +85 bps
30.7% 29.8% 18.9% EPS (₹)
+65.4% -0.5%
2.13 2.14 adj. 1.29
EPS restated for the ₹5 to ₹1 split of Oct 2025: Mar 2025 ₹6.44 to ₹1.29.
Quality of profit
Pre-tax profit ₹14.0 Cr: core business ₹10.0 Cr, other income ₹4.0 Cr.
Core profit YoY: +47.2%
· reported profit +71.6%
Cash & debt
FY26 cash from operations ₹27.0 Cr:
28% of FY26 net profit of ₹95.2 Cr.
Borrowings ₹167 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹89.0 ₹88.0
-1.1% in line Net profit ₹21.7 ₹27.0
+24.4% above
M Cap ₹3,092 Cr
P/E 48.9
PEG —
Profit +109% above its own trend Operating margin expanded 485 bps YoY 30% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +600%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+86.2% +18.7%
108 91.0 58.0 Operating profit
+144.4% +22.2%
22.0 18.0 9.0 OPM %
+485 bps +59 bps
20.4% 19.8% 15.5% Other income
+0.0% +0.0%
6.0 6.0 6.0 Net profit
+200.0% +25.0%
15.0 12.0 5.0 PAT margin %
+527 bps +70 bps
13.9% 13.2% 8.6% EPS (₹)
+189.1% +31.4%
5.06 3.85 1.75
Quality of profit
Pre-tax profit ₹20.0 Cr: core business ₹14.0 Cr, other income ₹6.0 Cr.
Core profit YoY: +600.0%
· reported profit +200.0%
Cash & debt
FY26 cash from operations ₹41.0 Cr:
87% of FY26 net profit of ₹47.0 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹83.2 ₹108
+29.7% above Net profit ₹7.2 ₹15.0
+108.7% above
M Cap ₹3,056 Cr
P/E 79.9
PEG —
71% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -6%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+47.0% +35.6%
142 104 96.3 Operating profit
+29.8% -49.9%
5.9 11.8 4.6 OPM %
-55 bps -712 bps
4.2% 11.3% 4.7% Other income
+295.3% +62.0%
5.8 3.6 1.5 Net profit?
+51.6% -45.7%
6.1 11.2 4.0 PAT margin %
+13 bps -643 bps
4.3% 10.7% 4.2% EPS (₹)
+62.5% -45.8%
0.13 0.24 0.08
Quality of profit
Pre-tax profit ₹8.2 Cr: core business ₹2.4 Cr, other income ₹5.8 Cr.
Core profit YoY: -6.3%
· reported profit +51.6%
Against its own trend ?
Trend Actual Gap
Sales ₹129 ₹142
+10.1% above Net profit ₹6.7 ₹6.1
-8.9% in line
M Cap ₹3,027 Cr
P/E 450.2
PEG —
Turnaround: profit against a loss a year ago Operating margin contracted 317 bps YoY 70% of pre-tax profit came from other income and one-off items Exceptional items of ₹4.7 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+52.8% +35.9%
185 136 121 Operating profit
-0.4% +175.6%
11.0 4.0 11.0 OPM %
-317 bps +301 bps
5.9% 2.9% 9.1% Other income
— —
3.0 0.0 0.1 Net profit?
from loss from loss 7.2 -3.9 -4.1 PAT margin %
+735 bps +679 bps
3.9% -2.9% -3.4% EPS (₹)
from loss from loss 0.83 -0.45 -0.52
Quality of profit
Pre-tax profit ₹11.0 Cr: core business ₹3.3 Cr, other income ₹3.0 Cr, exceptional & other items ₹4.7 Cr.
Core profit YoY: -20.0%
Cash & debt
FY26 cash from operations −₹51.0 Cr.
Borrowings ₹86.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹161 ₹185
+14.7% above
M Cap ₹3,001 Cr
P/E 15.0
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 3369 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
+458.1% +2.0%
61.2 60.0 11.0 Operating profit
loss widened to loss -6.0 12.0 -4.8 OPM %
+3369 bps -2993 bps
-9.9% 20.1% -43.6% Other income
— —
191 6.3 5.6 Net profit?
from loss —
180 6.8 -4.4 EPS (₹)
from loss —
13.06 0.53 -0.49
Quality of profit
Pre-tax profit ₹179 Cr: core business −₹11.9 Cr, other income ₹191 Cr.
Core profit YoY: loss widened
Against its own trend ?
Trend Actual Gap
Sales ₹13.2 ₹61.2
+362.8% above
M Cap ₹2,895 Cr
P/E 731.0
PEG 243.65
Into loss: a profit a year ago All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+15.2% +6.2%
2,927 2,756 2,541 Operating profit
+9.7% +12.2%
367 327 335 OPM %
-63 bps +67 bps
12.5% 11.9% 13.2% Other income
+541.2% from loss 74.0 -95.0 11.5 Net profit?
to loss loss narrowed -72.0 -136 12.3 PAT margin %
-294 bps +247 bps
-2.5% -4.9% 0.5% EPS (₹)
loss widened loss narrowed -17.38 -33.71 -3.96
Quality of profit
Pre-tax profit ₹61.0 Cr: core business −₹14.0 Cr, other income ₹74.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹1,233 Cr:
62908% of FY26 net profit of ₹2.0 Cr.
Borrowings ₹8,243 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3,164 ₹2,927
-7.5% below
M Cap ₹2,836 Cr
P/E 5548.3
PEG —
Profit +27% above its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-13.9% +8.9%
120 110 140 Operating profit
-33.8% +97.3%
2.9 1.5 4.4 OPM %
-74 bps +110 bps
2.4% 1.4% 3.2% Other income
+119.1% —
16.8 1.4 7.7 Net profit?
-36.3% from loss 6.9 -5.0 10.8 PAT margin %
-202 bps +1026 bps
5.7% -4.5% 7.8% EPS (₹)
-36.5% from loss 1.97 -1.42 3.10
Quality of profit
Pre-tax profit ₹8.8 Cr: core business −₹8.1 Cr, other income ₹16.8 Cr.
Core profit YoY: loss widened
· reported profit -36.3%
Cash & debt
FY26 cash from operations ₹9.0 Cr.
Borrowings ₹145 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹132 ₹120
-8.7% below Net profit ₹5.4 ₹6.9
+27.5% above
M Cap ₹2,744 Cr
P/E 33.6
PEG 0.46
Profit -50% below its own trend Operating margin expanded 858 bps YoY 28% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -41%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-16.4% +4.6%
133 127 159 Operating profit
+25.9% +5.3%
34.0 32.3 27.0 OPM %
+858 bps +17 bps
25.6% 25.4% 17.0% Other income
from loss +7.2%
5.0 4.7 -9.0 Net profit?
+0.0% -11.2%
13.0 14.6 13.0 PAT margin %
+160 bps -174 bps
9.8% 11.5% 8.2% EPS (₹)
-1.5% -20.0%
0.64 0.80 0.65
Quality of profit
Pre-tax profit ₹18.0 Cr: core business ₹13.0 Cr, other income ₹5.0 Cr.
Core profit YoY: -40.9%
· reported profit +0.0%
Cash & debt
FY26 cash from operations ₹172 Cr:
211% of FY26 net profit of ₹81.6 Cr.
Borrowings ₹502 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹318 ₹133
-58.2% below Net profit ₹26.0 ₹13.0
-50.0% below
M Cap ₹2,721 Cr
P/E 23.6
PEG 0.88
Profit +14% above its own trend 36% of pre-tax profit came from other income and one-off items FY26 operating cash flow was only 36% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+27.9% +10.0%
299 272 234 Operating profit
+33.4% +26.1%
37.0 29.4 27.7 OPM %
+51 bps +157 bps
12.4% 10.8% 11.9% Other income
+111.8% +111.5%
18.0 8.5 8.5 Net profit
+48.7% +60.4%
40.0 24.9 26.9 PAT margin %
+187 bps +420 bps
13.4% 9.2% 11.5% EPS (₹)
+48.1% +59.8%
17.61 11.02 11.89
Quality of profit
Pre-tax profit ₹50.0 Cr: core business ₹32.0 Cr, other income ₹18.0 Cr.
Core profit YoY: +50.4%
· reported profit +48.7%
Cash & debt
FY26 cash from operations ₹40.0 Cr:
36% of FY26 net profit of ₹111 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹289 ₹299
+3.6% in line Net profit ₹34.9 ₹40.0
+14.5% above
M Cap ₹2,707 Cr
P/E 10.6
PEG 3.53
Profit +84% above its own trend Operating margin contracted 198 bps YoY 35% of pre-tax profit came from other income and one-off items Exceptional items of ₹28.6 Cr in the quarter Profit grew faster than the core business (core profit +7%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+22.2% +5.1%
525 500 430 Operating profit
+9.3% -9.2%
87.6 96.5 80.2 OPM %
-198 bps -263 bps
16.7% 19.3% 18.7% Other income
-67.3% -60.3%
4.1 10.4 12.6 Net profit?
+58.3% +3.7%
77.1 74.3 48.7 PAT margin %
+335 bps -20 bps
14.7% 14.9% 11.3% EPS (₹)
+56.7% +3.5%
5.61 5.42 3.58
Quality of profit
Pre-tax profit ₹94.0 Cr: core business ₹61.3 Cr, other income ₹4.1 Cr, exceptional & other items ₹28.6 Cr.
Core profit YoY: +6.7%
· reported profit +58.3%
Cash & debt
FY26 cash from operations ₹288 Cr:
116% of FY26 net profit of ₹248 Cr.
Borrowings ₹318 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹494 ₹525
+6.2% above Net profit ₹41.9 ₹77.1
+84.2% above
M Cap ₹2,705 Cr
P/E 41.0
PEG —
Profit +42% above its own trend Operating margin contracted 364 bps YoY 67% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -67%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-2.9% +4.5%
330 316 340 Operating profit
-38.2% -21.7%
21.0 26.8 34.0 OPM %
-364 bps -213 bps
6.4% 8.5% 10.0% Other income
+133.3% +125.8%
14.0 6.2 6.0 Net profit?
-19.0% +83.8%
17.0 9.2 21.0 PAT margin %
-102 bps +222 bps
5.2% 2.9% 6.2% EPS (₹)
-17.7% +85.5%
1.02 0.55 1.24
Quality of profit
Pre-tax profit ₹21.0 Cr: core business ₹7.0 Cr, other income ₹14.0 Cr.
Core profit YoY: -66.7%
· reported profit -19.0%
Against its own trend ?
Trend Actual Gap
Sales ₹316 ₹330
+4.5% in line Net profit ₹11.9 ₹17.0
+42.3% above
M Cap ₹2,674 Cr
P/E 7.6
PEG —
Profit -19% below its own trend Operating margin contracted 588 bps YoY 43% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -51%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-0.9% +72.0%
430 250 434 Operating profit
-32.9% from loss 53.0 -8.0 79.0 OPM %
-588 bps +1553 bps
12.3% -3.2% 18.2% Other income
— +185.7%
20.0 7.0 0.0 Net profit?
-18.8% -79.3%
39.0 188 48.0 PAT margin %
-199 bps -6613 bps
9.1% 75.2% 11.1% EPS (₹)
-20.7% -77.8%
1.72 7.76 2.17
Quality of profit
Pre-tax profit ₹47.0 Cr: core business ₹27.0 Cr, other income ₹20.0 Cr.
Core profit YoY: -50.9%
· reported profit -18.8%
Cash & debt
FY26 cash from operations ₹307 Cr:
83% of FY26 net profit of ₹369 Cr.
Borrowings ₹108 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹413 ₹430
+4.1% in line Net profit ₹48.0 ₹39.0
-18.8% below
M Cap ₹2,644 Cr
P/E 10.5
PEG —
Operating margin expanded 220 bps YoY All of pre-tax profit came from other income or one-off items Exceptional items of ₹521 Cr in the quarter Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-11.7% +3.4%
518 501 587 Operating profit
+24.6% +8.6%
39.1 36.0 31.4 OPM %
+220 bps +36 bps
7.5% 7.2% 5.3% Other income
-28.9% from loss 9.1 -3.0 12.8 Net profit?
+197.0% from loss 426 -52.0 144 PAT margin %
+5784 bps +9268 bps
82.3% -10.4% 24.5% EPS (₹)
+184.3% from loss 193.42 -23.55 68.03
Quality of profit
Pre-tax profit ₹483 Cr: core business −₹47.0 Cr, other income ₹9.1 Cr, exceptional & other items ₹521 Cr.
Core profit YoY: loss widened
· reported profit +197.0%
Cash & debt
FY26 cash from operations −₹4.0 Cr:
-2% of FY26 net profit of ₹252 Cr.
Borrowings ₹1,298 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹537 ₹518
-3.4% in line
M Cap ₹2,639 Cr
P/E 672.7
PEG 22.42
Profit +180% above its own trend Operating margin contracted 1773 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
-27.4% +26.9%
5.6 4.4 7.8 Operating profit
to loss loss narrowed -0.6 -0.7 0.6 OPM %
-1773 bps +510 bps
-9.8% -14.9% 8.0% Other income
from loss —
1.3 0.0 -2.3 Net profit
+40.0% +168.4%
0.4 0.2 0.3 PAT margin %
+359 bps +392 bps
7.4% 3.5% 3.9% EPS (₹)
— +200.0%
0.03 0.01 0.01
No EPS growth against Mar 2025: 17:25 bonus in May 2025 and 2:1 bonus in Oct 2025.
Quality of profit
Pre-tax profit ₹0.5 Cr: core business −₹0.8 Cr, other income ₹1.3 Cr.
Core profit YoY: to loss
· reported profit +40.0%
Cash & debt
FY26 cash from operations ₹4.4 Cr:
139% of FY26 net profit of ₹3.2 Cr.
Borrowings ₹24.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹6.1 ₹5.6
-7.9% below Net profit ₹0.1 ₹0.4
+180.0% above
M Cap ₹2,638 Cr
P/E 189.8
PEG —
Profit -99% below its own trend Operating margin contracted 989 bps YoY 76% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-2.7% -0.2%
91.9 92.1 94.4 Operating profit
-25.1% +36.5%
30.3 22.2 40.5 OPM %
-989 bps +887 bps
33.0% 24.1% 42.9% Other income
-35.4% +43.4%
1.7 1.2 2.6 Net profit?
-97.5% from loss 0.4 -5.2 15.7 PAT margin %
-1623 bps +604 bps
0.4% -5.6% 16.7% EPS (₹)
-96.6% from loss 0.01 -0.09 0.29
Quality of profit
Pre-tax profit ₹2.2 Cr: core business ₹0.5 Cr, other income ₹1.7 Cr.
Core profit YoY: -95.9%
· reported profit -97.5%
Cash & debt
FY26 cash from operations ₹110 Cr:
17285% of FY26 net profit of ₹0.6 Cr.
Borrowings ₹343 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹96.7 ₹91.9
-5.0% in line Net profit ₹30.3 ₹0.4
-98.7% below
M Cap ₹2,633 Cr
P/E 14.1
PEG —
Profit -18% below its own trend 54% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+4.8% +0.4%
1,427 1,421 1,361 Operating profit
-0.8% -23.3%
237 309 239 OPM %
-95 bps -513 bps
16.6% 21.7% 17.6% Other income
+200.0% —
60.0 3.7 20.0 Net profit?
-42.2% -9.6%
85.0 94.0 147 PAT margin %
-484 bps -66 bps
6.0% 6.6% 10.8% EPS (₹)
-42.1% -9.7%
13.06 14.47 22.55
Quality of profit
Pre-tax profit ₹113 Cr: core business ₹52.0 Cr, other income ₹60.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -60.3%
· reported profit -42.2%
Cash & debt
FY26 cash from operations ₹250 Cr:
76% of FY26 net profit of ₹330 Cr.
Borrowings ₹5,029 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,342 ₹1,427
+6.3% above Net profit ₹104 ₹85.0
-18.3% below
M Cap ₹2,597 Cr
P/E 5.2
PEG 0.18
Profit +342% above its own trend Operating margin expanded 1035 bps YoY 43% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -20%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+26.6% +15.7%
428 370 338 Operating profit
+63.9% +59.4%
195 122 119 OPM %
+1035 bps +1249 bps
45.6% 33.1% 35.2% Other income
+180.0% +233.6%
42.0 12.6 15.0 Net profit
+367.1% from loss 327 -3.2 70.0 PAT margin %
+5569 bps +7727 bps
76.4% -0.9% 20.7% EPS (₹)
+369.0% from loss 21.06 -0.21 4.49
Quality of profit
Pre-tax profit ₹98.0 Cr: core business ₹56.0 Cr, other income ₹42.0 Cr.
Core profit YoY: -20.0%
· reported profit +367.1%
Cash & debt
FY26 cash from operations ₹649 Cr:
161% of FY26 net profit of ₹403 Cr.
Borrowings ₹3,594 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹391 ₹428
+9.5% above Net profit ₹74.0 ₹327
+341.6% 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 13 Oct 2026, 17:43 IST
