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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Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26
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
Filters & sorting
Results by sector
1375 matching results 1375
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M Cap ₹20.0 Cr
P/E 37.4
PEG —
Since results -1.9%
Profit -65% below its own trend Operating margin contracted 561 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+87.7% +101.6%
20.3 10.1 10.8 Operating profit
-36.1% -21.6%
0.6 0.8 0.9 OPM %
-561 bps -455 bps
2.9% 7.4% 8.5% Other income
+72.1% +92.3%
0.7 0.3 0.4 Net profit
-70.8% -74.3%
0.1 0.4 0.4 PAT margin %
-289 bps -364 bps
0.5% 4.2% 3.4% EPS (₹)
-61.5% -66.7%
0.20 0.60 0.52
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.5 Cr, other income ₹0.7 Cr.
Core profit YoY: to loss
· reported profit -70.8%
Cash & debt
FY26 cash from operations −₹1.1 Cr.
Borrowings ₹1.4 Cr at Sep 2025, against ₹1.3 Cr at Mar 2025 (+3% ).
Against its own trend ?
Trend Actual Gap
Sales ₹13.0 ₹20.3
+56.0% above Net profit ₹0.3 ₹0.1
-64.9% below
AI read of the filing Radiowalla Submits Revised FY26 Annual Report to Include Independent Auditor's Report Neutral Revised Annual Report submitted for Financial Year 2025-26 Independent Auditor's Report for the year ended 31 March 2026 incorporated Company confirmed zero changes to the underlying audited financial results Full analysis →
512379
· Q4 FY26 · Consolidated · Filed 17 Aug 2026, 17:08
M Cap —
P/E —
PEG —
Since results +19.0%
Operating margin expanded 1640 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
-80.6% +640.0%
2.1 0.3 11.1 Operating profit
-65.0% from loss 0.8 -5.5 2.3 OPM %
+1640 bps —
36.8% — 20.4% Other income
+45.3% +37.6%
1.6 1.1 1.1 Net profit?
-70.8% from loss 0.7 -4.4 2.4 PAT margin %
+1088 bps —
32.5% — 21.6% EPS (₹)
-73.3% from loss 0.02 -0.11 0.06
Quality of profit
Pre-tax profit ₹0.9 Cr: core business −₹0.9 Cr, other income ₹1.6 Cr.
Core profit YoY: to loss
· reported profit -70.8%
Cash & debt
Borrowings ₹0.7 Cr at Sep 2025, against ₹1.1 Cr at Mar 2025 (-37% ).
Against its own trend ?
Trend Actual Gap
Sales ₹5.5 ₹2.1
-61.2% below
AI read of the filing Cressanda Railway Posts FY26 Net Loss of ₹7.87 Cr; Approves Separation of Subsidiary Negative FY26 revenue from operations fell 66.4% YoY to ₹686.95 Lakhs from ₹2,045.55 Lakhs in FY25. FY26 net loss stood at ₹786.85 Lakhs compared to a net profit of ₹32.00 Lakhs in the previous year. Q4 FY26 revenue stood at ₹211.72 Lakhs with a net profit of ₹94.04 Lakhs. Full analysis →
M Cap ₹101 Cr
P/E —
PEG —
Since results -7.8%
Operating margin contracted 2041 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
-14.6% +8.9%
99.1 91.0 116 Operating profit
-57.6% -52.5%
19.9 42.0 47.0 OPM %
-2041 bps -2604 bps
20.1% 46.2% 40.5% Other income
+99.9% +24.9%
10.0 8.0 5.0 Net profit?
-96.6% -96.6%
1.0 30.0 29.8 PAT margin %
-2462 bps -3194 bps
1.0% 33.0% 25.6% EPS (₹)
from loss -93.9%
0.31 5.06 -44.52
Quality of profit
Pre-tax profit ₹6.6 Cr: core business −₹2.7 Cr, other income ₹10.0 Cr, exceptional & other items −₹0.7 Cr.
Core profit YoY: loss narrowed
· reported profit -96.6%
Cash & debt
FY26 cash from operations ₹15.8 Cr.
Borrowings ₹17,084 Cr at Mar 2026, against ₹16,278 Cr at Sep 2025 (+5% ).
Against its own trend ?
Trend Actual Gap
Sales ₹97.2 ₹99.1
+2.0% in line
AI read of the filing Aban Offshore Reports FY26 Audited Financials; Auditors Issue Disclaimer of Opinion Under CIRP Negative Auditors issued a Disclaimer of Opinion due to lack of bank confirmations for INR 592.98 million in deposits and INR 4,148.03 million in term loans Standalone reported turnover reached INR 1,265.71 million, with reported net profit of INR 386.83 million before audit qualification adjustments Reported standalone net worth stands eroded at INR (9,627.95) million as of March 31, 2026 Full analysis →
519242
· Q4 FY26 · Standalone · Filed 05 Aug 2026, 17:48
M Cap —
P/E —
PEG —
Since results +27.0%
Turnaround: profit against a loss a year ago 29% 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
— +160.0%
0.7 0.2 0.0 Operating profit
from loss from loss 0.6 -0.1 -0.1 OPM %
— +14051 bps
92.5% -48.0% — Other income
— —
0.2 0.0 0.0 Net profit
from loss from loss 0.7 -0.1 -0.1 EPS (₹)
from loss from loss 0.76 -0.70 -0.64
Quality of profit
Pre-tax profit ₹0.8 Cr: core business ₹0.6 Cr, other income ₹0.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations −₹76.2 Cr:
-16004% of FY26 net profit of ₹0.5 Cr.
Borrowings ₹0.1 Cr at Mar 2026.
AI read of the filing Sarda Proteins Ltd FY26 Net Profit at Rs 0.45 Cr; Revenue drops 32% YoY to Rs 16.51 Cr Neutral Total Revenue for FY26 declined to Rs 16.51 Cr from Rs 24.19 Cr in FY25. Net Profit for FY26 stood at Rs 45.44 Lakhs compared to Rs 0.50 Lakhs in FY25. Paid-up Equity Share Capital increased significantly to Rs 89.76 Lakhs from Rs 17.26 Lakhs due to warrant reclassification. Full analysis →
539401
· H2 FY26 · Standalone · Filed 31 Jul 2026, 14:20
M Cap —
P/E —
PEG —
Since results +38.9%
33% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +23%) Borrowings up 83% since Sep 2025
₹ Cr YoY vs prev. half
Mar 2026 Sep 2025 Mar 2025
Sales
+16.4% +52.4%
104 68.0 89.0 Operating profit
+23.6% +579.7%
13.6 2.0 11.0 OPM %
+76 bps +1018 bps
13.1% 2.9% 12.4% Other income
+102.6% +102.6%
6.1 3.0 3.0 Net profit
+49.0% +346.9%
13.4 3.0 9.0 PAT margin %
+283 bps +853 bps
12.9% 4.4% 10.1% EPS (₹)
+45.9% +394.6%
31.06 6.28 21.29
Quality of profit
Pre-tax profit ₹18.4 Cr: core business ₹12.3 Cr, other income ₹6.1 Cr.
Core profit YoY: +23.3%
· reported profit +49.0%
Cash & debt
FY26 cash from operations ₹14.2 Cr.
Borrowings ₹27.5 Cr at Mar 2026, against ₹15.0 Cr at Sep 2025 (+83% ).
Against its own trend ?
Trend Actual Gap
Sales ₹108 ₹104
-3.8% in line Net profit ₹14.6 ₹13.4
-8.3% in line
AI read of the filing Patdiam Jewellery FY26 Net Profit Before Tax at Rs 22.21 Cr; Capex of Rs 24.01 Cr Positive Standalone Net Profit Before Tax for FY26 reached Rs 22.21 Cr Invested Rs 24.01 Cr in Property, Plant, and Equipment during the fiscal year Net cash generated from operating activities stood at Rs 14.16 Cr Full analysis →
500322
· Q4 FY26 · Standalone · Filed 27 Jul 2026, 15:33
M Cap —
P/E —
PEG —
Since results -0.9%
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
— +91.5%
40.2 21.0 0.0 Operating profit
loss widened loss widened -10.9 -8.0 -10.0 OPM %
— +1096 bps
-27.1% -38.1% — Other income
+393.0% —
44.4 4.0 9.0 Net profit
from loss from loss 17.5 -20.0 -32.0 PAT margin %
— +13878 bps
43.5% -95.2% — EPS (₹)
from loss from loss 21.83 -25.18 -39.49
Quality of profit
Pre-tax profit ₹17.5 Cr: core business −₹26.9 Cr, other income ₹44.4 Cr.
Core profit YoY: loss narrowed
Cash & debt
Borrowings ₹385 Cr at Sep 2025, against ₹393 Cr at Mar 2025 (-2% ).
AI read of the filing Panyam Cements FY26 Results: Auditors Flag Going Concern Risk Amid Negative Net Worth Negative Auditors highlighted negative net worth and excess of current liabilities over current assets in Note No 9. Company reported continued cash losses for the quarter and year ended March 31, 2026. Debt stands at Rs 385 Cr, which is approximately 8.5x the TTM revenue of Rs 45 Cr. Full analysis →
542938
· Q4 FY26 · Standalone · Filed 17 Jul 2026, 12:06
M Cap —
P/E —
PEG —
Since results +2.6%
Profit +237% above its own trend Operating margin contracted 110 bps YoY 47% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
— +343.2%
64.2 14.5 4.7 Operating profit
+950.3% +181.8%
2.3 0.8 0.2 OPM %
-110 bps -206 bps
3.6% 5.7% 4.7% Other income
+60.5% +830.8%
0.5 0.1 0.3 Net profit
+243.4% +184.2%
0.8 0.3 0.2 PAT margin %
-384 bps -72 bps
1.3% 2.0% 5.1% EPS (₹)
+243.8% +183.5%
2.75 0.97 0.80
Quality of profit
Pre-tax profit ₹1.0 Cr: core business ₹0.5 Cr, other income ₹0.5 Cr.
Core profit YoY: from loss
· reported profit +243.4%
Cash & debt
FY26 cash from operations ₹1.7 Cr:
111% of FY26 net profit of ₹1.5 Cr.
Borrowings ₹20.4 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3.6 ₹64.2
+999.0% above Net profit ₹0.2 ₹0.8
+237.2% above
AI read of the filing FY26 Results: Auditor Issues Qualified Opinion on Octavius Plantations for Ind AS Non-Compliance Negative Auditor issued a Qualified Opinion for the financial year ended March 31, 2026, due to multiple accounting lapses. Gratuity and employee benefit provisions were recorded at just ₹0.14 lakhs based on management estimates, bypassing mandatory Ind AS 19 actuarial valuation. Non-compliance with Ind AS 16 and Ind AS 41 regarding the accounting of Bearer plants and Biological Assets. Full analysis →
M Cap ₹245 Cr
P/E 52.5
PEG 1.95
Since results +0.1%
Operating margin contracted 1345 bps YoY All of pre-tax profit came from other income or one-off items Exceptional items of ₹5.2 Cr in the quarter
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+1.8% -15.4%
92.2 109 90.7 Operating profit
to loss loss widened -3.1 -0.5 9.1 OPM %
-1345 bps -297 bps
-3.4% -0.4% 10.0% Other income
-32.8% +111.8%
8.1 3.8 12.0 Net profit?
+425.6% from loss 6.7 -0.6 1.3 PAT margin %
+582 bps +779 bps
7.2% -0.6% 1.4% EPS (₹)
+47.8% from loss 0.34 -0.04 0.23
Quality of profit
Pre-tax profit ₹6.8 Cr: core business −₹6.5 Cr, other income ₹8.1 Cr, exceptional & other items ₹5.2 Cr.
Core profit YoY: to loss
· reported profit +425.6%
Cash & debt
Borrowings ₹91.0 Cr at Sep 2025, against ₹92.0 Cr at Mar 2025 (-1% ).
Against its own trend ?
Trend Actual Gap
Sales ₹104 ₹92.2
-11.6% below
AI read of the filing A2Z Infra FY26 Loss at Rs 2.79 Cr; Auditors Issue Disclaimer on Going Concern Negative Net loss of Rs 279.25 lakhs (Rs 2.79 Cr) reported for the full year ended March 31, 2026 Accumulated losses stand at Rs 1,07,659.78 lakhs (Rs 1,076.60 Cr), far exceeding the company's net worth Unaccrued interest on NPA accounts not provided for in books totals Rs 3,935.93 lakhs (Rs 39.36 Cr) Full analysis →
544797
· Q4 FY26 · Standalone · Filed 13 Jul 2026, 20:04
M Cap —
P/E —
PEG —
Operating margin contracted 313 bps YoY 41% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -26%)
₹ Cr YoY
Mar 2026 Mar 2025
Sales
+10.7%
114 103 Operating profit
-10.3%
15.2 17.0 OPM %
-313 bps
13.4% 16.5% Other income
+288.0%
7.8 2.0 Net profit
+12.4%
13.5 12.0 PAT margin %
+19 bps
11.8% 11.7% EPS (₹)
+13.5%
1.26 1.11
Quality of profit
Pre-tax profit ₹18.8 Cr: core business ₹11.1 Cr, other income ₹7.8 Cr.
Core profit YoY: -26.1%
· reported profit +12.4%
Cash & debt
FY26 cash from operations −₹5.0 Cr.
Borrowings ₹32.0 Cr at Mar 2026.
AI read of the filing Leapfrog Engineering Services Approves FY26 Audited Results; Appoints New Internal Auditor Neutral Board approved audited standalone financial results for the full year ended March 31, 2026 Statutory auditors issued an unmodified opinion on the financial results for FY 2025-26 M/s. Ishwar and Gopal appointed as Internal Auditors for the upcoming Financial Year 2026-2027 Full analysis →
538609
· Q4 FY26 · Consolidated · Filed 13 Jul 2026, 19:43
M Cap —
P/E —
PEG —
Since results -6.2%
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
— to loss -0.0 0.0 0.0 Operating profit
loss widened loss widened -0.1 -0.0 -0.1 Other income
+92.3% +33.2%
0.3 0.3 0.2 Net profit?
-20.5% +12.2%
0.2 0.2 0.2 EPS (₹)
-20.8% +10.9%
0.61 0.55 0.77
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.1 Cr, other income ₹0.3 Cr.
Core profit YoY: loss widened
· reported profit -20.5%
Cash & debt
FY26 cash from operations −₹0.4 Cr:
-57% of FY26 net profit of ₹0.7 Cr.
Borrowings nil at Mar 2026.
AI read of the filing Gajanan Securities Clarifies Board Meeting Timings for FY26 Results Following BSE Query Neutral Board meeting on May 30, 2026, lasted 1.5 hours, commencing at 15:00 and concluding at 16:30 Consolidated Total Assets reported at Rs 12,373.10 lakhs as of March 31, 2026 Standalone Total Comprehensive Income for the full year FY26 stood at Rs 69.46 lakhs Full analysis →
M Cap ₹206 Cr
P/E 24.3
PEG —
Since results -17.9%
Operating margin contracted 372 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
+4.1% +38.0%
111 80.6 107 Operating profit
-32.8% -24.3%
7.5 9.9 11.2 OPM %
-372 bps -557 bps
6.8% 12.3% 10.5% Other income
-74.0% +331.8%
1.8 0.4 6.9 Net profit?
-69.6% -23.0%
1.9 2.5 6.2 PAT margin %
-412 bps -135 bps
1.7% 3.0% 5.8% EPS (₹)
-68.8% -20.9%
0.34 0.43 1.09
Quality of profit
Pre-tax profit ₹3.8 Cr: core business ₹2.1 Cr, other income ₹1.8 Cr.
Core profit YoY: -35.5%
· reported profit -69.6%
Cash & debt
Borrowings ₹68.0 Cr at Sep 2025, against ₹67.0 Cr at Mar 2025 (+1% ).
AI read of the filing GENCON Approves FY26 Audited Financial Results; Auditors Issue Unmodified Opinion Neutral Board approved audited financial results for the quarter and year ended March 31, 2026. Statutory auditors issued an unmodified opinion on both standalone and consolidated financial statements. The Group's share of net loss from its joint venture, Generic Bootes Construction LLP, was ₹0.10 Lakhs for FY26. Full analysis →
M Cap ₹123 Cr
P/E —
PEG —
Since results -20.2%
Turnaround: profit against a loss a year ago Operating margin expanded 1579 bps YoY 72% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+89.8% +69.9%
31.8 18.7 16.7 Operating profit
— from loss 5.6 -2.0 0.3 OPM %
+1579 bps +2821 bps
17.6% -10.6% 1.8% Other income
+119.3% +95.5%
1.7 0.9 0.8 Net profit
from loss from loss 1.5 -5.3 -1.2 PAT margin %
+1156 bps +3272 bps
4.6% -28.1% -6.9% EPS (₹)
from loss from loss 0.56 -2.01 -0.55
Quality of profit
Pre-tax profit ₹2.4 Cr: core business ₹0.7 Cr, other income ₹1.7 Cr.
Core profit YoY: from loss
Against its own trend ?
Trend Actual Gap
Sales ₹9.4 ₹31.8
+237.7% above
AI read of the filing Ishan Dyes Reports FY26 Net Loss of ₹7.11 Cr; Q4 Shows Recovery with ₹1.46 Cr Profit Negative Annual revenue from operations fell 27.6% YoY to ₹73.47 crore in FY26. Reported a net loss of ₹7.11 crore for FY26 against a profit of ₹1.08 crore in FY25. Q4 FY26 revenue stood at ₹31.75 crore, showing a sequential recovery from ₹18.69 crore in Q3. Full analysis →
M Cap ₹8,121 Cr
P/E 78.0
PEG —
Since results +34.6%
Operating margin contracted 673 bps YoY 31% 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
+39.0% +11.0%
149 134 107 Operating profit
+15.7% -2.4%
49.8 51.0 43.0 OPM %
-673 bps -460 bps
33.5% 38.1% 40.2% Other income
— +203.0%
12.1 4.0 1.0 Net profit?
+46.6% +33.3%
29.3 22.0 20.0 PAT margin %
+103 bps +330 bps
19.7% 16.4% 18.7% EPS (₹)
+36.6% +25.0%
2.65 2.12 1.94
Quality of profit
Pre-tax profit ₹38.6 Cr: core business ₹26.5 Cr, other income ₹12.1 Cr.
Core profit YoY: +5.9%
· reported profit +46.6%
AI read of the filing OMNI Submits Machine-Readable Version of FY26 Audited Financial Results Neutral Submission of machine-readable and searchable PDF format of FY26 results as per NSE circular requirements. Company confirms zero changes to the financial results or disclosures originally submitted on May 25, 2026. The Board originally approved the Audited Standalone and Consolidated Financial Results on May 25, 2026. Full analysis →
M Cap ₹305 Cr
P/E 11.0
PEG 0.06
Since results -10.8%
Profit +116% above its own trend Operating margin contracted 743 bps YoY All of pre-tax profit came from other income or one-off items Borrowings up 28% since Mar 2025
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.1% +15.8%
155 134 148 Operating profit
-43.5% -48.7%
13.4 26.1 23.7 OPM %
-743 bps -1083 bps
8.6% 19.5% 16.1% Other income
— —
21.3 1.1 0.2 Net profit?
+104.9% +98.2%
10.7 5.4 5.2 PAT margin %
+336 bps +287 bps
6.9% 4.0% 3.5% EPS (₹)
+93.2% +98.1%
7.11 3.59 3.68
Quality of profit
Pre-tax profit ₹13.8 Cr: core business −₹7.5 Cr, other income ₹21.3 Cr.
Core profit YoY: to loss
· reported profit +104.9%
Cash & debt
Borrowings ₹280 Cr at Sep 2025, against ₹219 Cr at Mar 2025 (+28% ).
Against its own trend ?
Trend Actual Gap
Sales ₹151 ₹155
+2.5% in line Net profit ₹5.0 ₹10.7
+115.8% above
AI read of the filing AVG Logistics FY26 Net Profit Rises 22% to ₹25.95 Cr; Q4 PAT Surges 102% YoY Positive Standalone Net Profit for FY26 increased by 22% YoY to ₹2,594.55 lakhs. Q4 FY26 PAT surged 102% YoY to ₹1,063.52 lakhs compared to ₹526.37 lakhs in Q4 FY25. Full-year Revenue from operations stood at ₹55,633.50 lakhs, showing stable growth from ₹55,081.39 lakhs in FY25. Full analysis →
M Cap ₹3,801 Cr
P/E 25.1
PEG —
Since results -5.3%
Operating margin expanded 296 bps YoY 37% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-34.3% -16.5%
596 713 907 Operating profit
-22.9% -11.4%
119 134 154 OPM %
+296 bps +116 bps
19.9% 18.8% 17.0% Other income
+124.2% +78.1%
31.4 17.6 14.0 Net profit?
-45.6% -11.9%
60.9 69.2 112 PAT margin %
-211 bps +53 bps
10.2% 9.7% 12.3% EPS (₹)
-55.8% -13.4%
6.99 8.07 15.81
Quality of profit
Pre-tax profit ₹83.7 Cr: core business ₹52.3 Cr, other income ₹31.4 Cr.
Core profit YoY: -46.1%
· reported profit -45.6%
AI read of the filing TruAlt Bioenergy FY26 Standalone PAT Drops 43% to ₹80.26 Cr; Revenue at ₹1,704.65 Cr Neutral Standalone Revenue from Operations decreased to ₹1,70,465.34 lakhs in FY26 from ₹1,88,011.66 lakhs in FY25. Net Profit (PAT) for FY26 stood at ₹8,026.20 lakhs, a significant drop from ₹14,061.89 lakhs in the previous year. Successfully raised ₹75,000 lakhs through an IPO in September 2025, with ₹72,021 lakhs already utilized as of March 31, 2026. Full analysis →
M Cap ₹3,58,502 Cr
P/E 24.7
PEG 4.11
Profit +90% above its own trend 40% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -12%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-0.1% +14.2%
14,223 12,451 14,237 Operating profit
-1.7% +11.7%
4,732 4,238 4,813 OPM %
-53 bps -77 bps
33.3% 34.0% 33.8% Other income
+492.2% +225.1%
1,766 543 298 Net profit?
+64.3% +71.7%
4,271 2,488 2,599 PAT margin %
+1177 bps +1005 bps
30.0% 20.0% 18.3% EPS (₹)
+57.1% +61.2%
2.08 1.29 adj. 1.32
EPS restated for the ₹10 to ₹2 split of Sep 2025: Mar 2025 ₹6.62 to ₹1.32.
Quality of profit
Pre-tax profit ₹4,384 Cr: core business ₹2,618 Cr, other income ₹1,766 Cr.
Core profit YoY: -11.6%
· reported profit +64.3%
Cash & debt
FY26 cash from operations ₹20,514 Cr:
158% of FY26 net profit of ₹12,971 Cr.
Borrowings ₹54,670 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹13,897 ₹14,223
+2.3% in line Net profit ₹2,245 ₹4,271
+90.2% above
M Cap ₹3,56,029 Cr
P/E 44.1
PEG —
Into loss: a profit a year ago Profit -102% below its own trend Operating margin contracted 226 bps YoY All of pre-tax profit came from other income or one-off items FY26 operating cash flow was only 22% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+20.3% +30.7%
32,439 24,820 26,966 Operating profit
+0.6% +2.4%
3,731 3,642 3,710 OPM %
-226 bps -317 bps
11.5% 14.7% 13.8% Other income
+17.7% -88.1%
748 6,288 636 Net profit?
to loss to loss -167 6,296 4,015 PAT margin %
-1540 bps -2588 bps
-0.5% 25.4% 14.9% EPS (₹)
to loss to loss -1.71 52.63 32.98
Quality of profit
Pre-tax profit ₹729 Cr: core business −₹18.0 Cr, other income ₹748 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹2,357 Cr:
22% of FY26 net profit of ₹10,520 Cr.
Borrowings ₹1,06,622 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹25,132 ₹32,439
+29.1% above Net profit ₹8,030 −₹167
-102.1% below
M Cap ₹3,00,597 Cr
P/E 10.6
PEG 0.62
Profit +23% above its own trend Operating margin contracted 1249 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-0.3% +8.4%
49,688 45,846 49,834 Operating profit
-42.3% -41.6%
8,507 14,570 14,754 OPM %
-1249 bps -1466 bps
17.1% 31.8% 29.6% Other income
-54.1% +10.3%
1,917 1,738 4,180 Net profit?
+34.4% +89.7%
10,615 5,597 7,897 PAT margin %
+552 bps +916 bps
21.4% 12.2% 15.8% EPS (₹)
+37.7% +91.0%
10.81 5.66 7.85
Quality of profit
Pre-tax profit ₹1,553 Cr: core business −₹364 Cr, other income ₹1,917 Cr.
Core profit YoY: to loss
· reported profit +34.4%
Cash & debt
FY26 cash from operations ₹50,902 Cr:
185% of FY26 net profit of ₹27,545 Cr.
Borrowings ₹2,71,005 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹50,317 ₹49,688
-1.3% in line Net profit ₹8,655 ₹10,615
+22.6% above
M Cap ₹2,97,334 Cr
P/E 686.7
PEG —
Profit +325% above its own trend Operating margin expanded 158 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
+196.5% +6.0%
17,292 16,315 5,833 Operating profit
+575.0% +32.1%
486 368 72.0 OPM %
+158 bps +55 bps
2.8% 2.3% 1.2% Other income
-7.1% -1.7%
342 348 368 Net profit?
+346.2% +70.6%
174 102 39.0 PAT margin %
+34 bps +38 bps
1.0% 0.6% 0.7% EPS (₹)
+350.0% +63.6%
0.18 0.11 0.04
Quality of profit
Pre-tax profit ₹228 Cr: core business −₹114 Cr, other income ₹342 Cr.
Core profit YoY: loss narrowed
· reported profit +346.2%
Against its own trend ?
Trend Actual Gap
Sales ₹11,666 ₹17,292
+48.2% above Net profit ₹40.9 ₹174
+325.3% above
M Cap ₹2,86,309 Cr
P/E 10.2
PEG 0.30
Profit +541% above its own trend Operating margin expanded 285 bps YoY 81% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+14.2% +11.3%
51,180 45,991 44,819 Operating profit
+38.0% +30.3%
8,464 6,496 6,135 OPM %
+285 bps +241 bps
16.5% 14.1% 13.7% Other income
— —
18,229 273 186 Net profit?
— +698.5%
19,243 2,410 1,501 PAT margin %
+3425 bps +3236 bps
37.6% 5.2% 3.3% EPS (₹)
+988.5% +664.2%
66.94 8.76 6.15
Quality of profit
Pre-tax profit ₹22,377 Cr: core business ₹4,148 Cr, other income ₹18,229 Cr.
Core profit YoY: +168.7%
Cash & debt
FY26 cash from operations ₹25,152 Cr:
99% of FY26 net profit of ₹25,508 Cr.
Borrowings ₹99,310 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹47,424 ₹51,180
+7.9% above Net profit ₹3,002 ₹19,243
+541.0% above
M Cap ₹2,76,766 Cr
P/E 6.2
PEG 6.18
Profit +29% above its own trend Operating margin expanded 166 bps YoY 31% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+1.8% +3.8%
1,73,805 1,67,423 1,70,812 Operating profit
+14.8% +0.1%
25,356 25,335 22,085 OPM %
+166 bps -54 bps
14.6% 15.1% 12.9% Other income
+57.6% +72.3%
5,699 3,308 3,616 Net profit?
+54.4% +14.5%
13,678 11,946 8,856 PAT margin %
+268 bps +73 bps
7.9% 7.1% 5.2% EPS (₹)
+47.8% +8.0%
8.60 7.96 5.82
Quality of profit
Pre-tax profit ₹18,640 Cr: core business ₹12,941 Cr, other income ₹5,699 Cr.
Core profit YoY: +35.6%
· reported profit +54.4%
Cash & debt
FY26 cash from operations ₹1,12,719 Cr:
226% of FY26 net profit of ₹49,793 Cr.
Borrowings ₹1,74,316 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,71,268 ₹1,73,805
+1.5% in line Net profit ₹10,641 ₹13,678
+28.5% above
M Cap ₹2,75,738 Cr
P/E 23.8
PEG 1.13
Profit +62% above its own trend Operating margin contracted 140 bps YoY 44% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +17%) FY26 operating cash flow was only 25% of profit
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+41.0% +10.0%
17,832 16,204 12,646 Operating profit
+30.4% -17.6%
3,075 3,730 2,358 OPM %
-140 bps -577 bps
17.2% 23.0% 18.6% Other income
+383.2% +427.6%
1,894 359 392 Net profit?
+93.8% +27.0%
3,492 2,750 1,802 PAT margin %
+533 bps +261 bps
19.6% 17.0% 14.2% EPS (₹)
+103.1% +33.2%
131.02 98.38 64.52
Quality of profit
Pre-tax profit ₹4,336 Cr: core business ₹2,442 Cr, other income ₹1,894 Cr.
Core profit YoY: +16.7%
· reported profit +93.8%
Cash & debt
FY26 cash from operations ₹2,597 Cr:
25% of FY26 net profit of ₹10,574 Cr.
Borrowings ₹22,713 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹14,470 ₹17,832
+23.2% above Net profit ₹2,154 ₹3,492
+62.1% above
M Cap ₹2,49,467 Cr
P/E 8.0
PEG —
Profit +21% above its own trend Operating margin contracted 391 bps YoY 36% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+22.9% +33.1%
46,490 34,924 37,825 Operating profit
+7.5% +35.8%
12,673 9,331 11,790 OPM %
-391 bps +54 bps
27.3% 26.7% 31.2% Other income
+33.2% +95.7%
5,244 2,680 3,937 Net profit?
+13.7% +52.2%
10,908 7,166 9,593 PAT margin %
-190 bps +294 bps
23.5% 20.5% 25.4% EPS (₹)
+12.9% +51.5%
17.59 11.61 15.58
Quality of profit
Pre-tax profit ₹14,627 Cr: core business ₹9,382 Cr, other income ₹5,244 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: +7.0%
· reported profit +13.7%
Cash & debt
FY26 cash from operations ₹43,215 Cr:
139% of FY26 net profit of ₹31,071 Cr.
Borrowings ₹14,072 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹37,309 ₹46,490
+24.6% above Net profit ₹8,994 ₹10,908
+21.3% above
M Cap ₹2,31,585 Cr
P/E 14.6
PEG 14.57
Profit +11% above its own trend Operating margin contracted 3759 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
-5.0% -5.9%
11,666 12,395 12,275 Operating profit
-48.0% -50.0%
5,303 10,607 10,194 OPM %
-3759 bps -4012 bps
45.5% 85.6% 83.0% Other income
-12.0% -30.5%
322 463 366 Net profit?
+9.7% +8.6%
4,546 4,185 4,143 PAT margin %
+522 bps +520 bps
39.0% 33.8% 33.8% EPS (₹)
+9.9% +8.7%
4.89 4.50 4.45
Quality of profit
Pre-tax profit ₹155 Cr: core business −₹167 Cr, other income ₹322 Cr.
Core profit YoY: to loss
· reported profit +9.7%
Cash & debt
FY26 cash from operations ₹40,931 Cr:
257% of FY26 net profit of ₹15,928 Cr.
Borrowings ₹1,48,071 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹12,535 ₹11,666
-6.9% below Net profit ₹4,080 ₹4,546
+11.4% above
M Cap ₹1,95,432 Cr
P/E 33.9
PEG 1.41
35% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+16.0% -0.6%
6,080 6,114 5,241 Operating profit
+20.4% -2.7%
1,514 1,557 1,258 OPM %
+90 bps -56 bps
24.9% 25.5% 24.0% Other income
+77.4% +100.1%
675 337 380 Net profit?
+11.6% +7.0%
1,520 1,421 1,362 PAT margin %
-99 bps +176 bps
25.0% 23.2% 26.0% EPS (₹)
+11.5% +7.0%
55.41 51.79 49.69
Quality of profit
Pre-tax profit ₹1,937 Cr: core business ₹1,262 Cr, other income ₹675 Cr.
Core profit YoY: +21.3%
· reported profit +11.6%
Cash & debt
FY26 cash from operations ₹4,805 Cr:
87% of FY26 net profit of ₹5,515 Cr.
Borrowings ₹514 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹6,449 ₹6,080
-5.7% below Net profit ₹1,674 ₹1,520
-9.2% in line
M Cap ₹1,68,653 Cr
P/E 68.3
PEG 5.25
Operating margin contracted 2375 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
-82.4% -91.2%
4,071 46,133 23,071 Operating profit
loss widened to loss -1,046 615 -449 OPM %
-2375 bps -2703 bps
-25.7% 1.3% -1.9% Other income
+41.7% —
1,913 27.0 1,350 Net profit
-1.1% +39.5%
805 577 814 PAT margin %
+1625 bps +1852 bps
19.8% 1.3% 3.5% EPS (₹)
-1.2% +39.5%
8.02 5.75 8.12
Quality of profit
Pre-tax profit ₹867 Cr: core business −₹1,046 Cr, other income ₹1,913 Cr.
Core profit YoY: loss widened
· reported profit -1.1%
Cash & debt
FY26 cash from operations ₹34,523 Cr:
1397% of FY26 net profit of ₹2,471 Cr.
Borrowings nil at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹20,322 ₹4,071
-80.0% below Net profit ₹835 ₹805
-3.6% in line
M Cap ₹1,60,895 Cr
P/E 48.2
PEG 1.72
Profit -59% below its own trend Operating margin contracted 861 bps YoY 47% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -59%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
-42.0% -10.2%
1,814 2,020 3,128 Operating profit
-58.0% +5.4%
411 390 978 OPM %
-861 bps +335 bps
22.7% 19.3% 31.3% Other income
+40.0% -22.8%
308 399 220 Net profit?
-18.1% +328.3%
1,269 296 1,550 PAT margin %
+2041 bps +5529 bps
70.0% 14.7% 49.6% EPS (₹)
-1.2% +5.3%
5.12 4.86 5.18
Quality of profit
Pre-tax profit ₹649 Cr: core business ₹342 Cr, other income ₹308 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: -58.9%
· reported profit -18.1%
Cash & debt
FY26 cash from operations ₹6,347 Cr:
190% of FY26 net profit of ₹3,341 Cr.
Borrowings ₹306 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹4,358 ₹1,814
-58.4% below Net profit ₹3,100 ₹1,269
-59.1% below
M Cap ₹1,45,274 Cr
P/E 48.5
PEG —
Profit +329% above its own trend Operating margin contracted 579 bps YoY 81% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -31%)
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+5.8% -7.0%
3,184 3,423 3,010 Operating profit
-27.1% -25.3%
408 546 560 OPM %
-579 bps -314 bps
12.8% 16.0% 18.6% Other income
— —
1,541 89.0 110 Net profit
+275.6% +312.0%
1,784 433 475 PAT margin %
+4025 bps +4338 bps
56.0% 12.6% 15.8% EPS (₹)
+275.8% +312.0%
84.17 20.43 22.40
Quality of profit
Pre-tax profit ₹1,904 Cr: core business ₹362 Cr, other income ₹1,541 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -30.5%
· reported profit +275.6%
Cash & debt
Borrowings ₹85.0 Cr at Dec 2025.
Against its own trend ?
Trend Actual Gap
Sales ₹3,219 ₹3,184
-1.1% in line Net profit ₹416 ₹1,784
+329.3% above
M Cap ₹1,37,271 Cr
P/E 3.7
PEG 0.61
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
+2.9% +0.1%
11,332 11,323 11,015 Operating profit
+4.9% +1.5%
4,889 4,817 4,659 OPM %
+85 bps +60 bps
43.1% 42.5% 42.3% Other income
— —
57,595 1,271 216 Net profit?
from loss from loss 51,970 -5,286 -7,167 EPS (₹)
from loss from loss 4.80 -0.49 -1.00
Quality of profit
Pre-tax profit ₹51,976 Cr: core business −₹5,619 Cr, other income ₹57,595 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹19,411 Cr:
56% of FY26 net profit of ₹34,552 Cr.
Borrowings ₹1,92,528 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹11,359 ₹11,332
-0.2% in line
M Cap ₹1,34,026 Cr
P/E 56.6
PEG 2.18
31% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Mar 2026 Dec 2025 Mar 2025
Sales
+21.9% -1.4%
3,011 3,055 2,470 Operating profit
+22.3% +1.2%
642 634 525 OPM %
+7 bps +55 bps
21.3% 20.8% 21.3% Other income
+21.2% +126.8%
263 116 217 Net profit?
+22.5% +33.5%
649 486 530 PAT margin %
+10 bps +564 bps
21.6% 15.9% 21.5% EPS (₹)
+22.7% +33.7%
23.43 17.53 19.10
Quality of profit
Pre-tax profit ₹852 Cr: core business ₹589 Cr, other income ₹263 Cr.
Core profit YoY: +24.3%
· reported profit +22.5%
Cash & debt
FY26 cash from operations ₹1,734 Cr:
73% of FY26 net profit of ₹2,361 Cr.
Borrowings ₹37.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,840 ₹3,011
+6.0% above Net profit ₹607 ₹649
+7.0% 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 13 Oct 2026, 15:08 IST
