Home › Quarterly results › Breweries & Distilleries
Breweries & Distilleries: Q1 FY27 results (April-June 2026)
13 companies have declared Breweries & Distilleries Q1 FY27 results so far, the latest on 27 Aug 2026.
Across the 13 non-financial companies with a year-ago quarter to compare, sales grew +9.3% and net profit +5.6% year on year, and the combined operating margin narrowed 122 bps to 11.9%.
54% of companies grew net profit; 8% beat their own profit trend and 67% fell short of it.
Latest results
Results calendar
Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26
Breweries & Distilleries Q1 FY27 scoreboard
Sales growth
+9.3%
YoY, 13 companies combined; median +11.8%
Net profit growth
+5.6%
YoY combined; median +11.0%
Operating margin
11.9%
-122 bps YoY
Grew profit
54%
0 turnarounds, 0 into loss
Vs own profit trend
8% / 67%
above / below, 25% in line
Price since results
-9.2%
median; 27% of 11 stocks up
Other-income heavy
3
25%+ of pre-tax profit from other income & one-offs
Latest Breweries & Distilleries Q1 FY27 results 13
Tap ☆ on any company to add it to My companies. Your list stays in this browser.
M Cap ₹1,480 Cr
P/E —
PEG —
Since results -0.9%
Profit -96% below its own trend Operating margin contracted 776 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-49.1% +48.4%
269 181 528
Operating profit
-78.7% from loss
15.0 -44.0 70.4
OPM %
-776 bps +2988 bps
5.6% -24.3% 13.3%
Other income
-86.6% from loss
0.2 -11.0 1.7
Net profit
-96.3% from loss
1.6 -57.0 42.1
PAT margin %
-739 bps +3207 bps
0.6% -31.5% 8.0%
EPS (₹)
-96.0% from loss
0.08 -2.67 2.02
Quality of profit
Core 89% Other income & one-offs 11%
Pre-tax profit ₹2.1 Cr: core business ₹1.9 Cr, other income ₹0.2 Cr.
Core profit YoY: -96.6%
· reported profit -96.3%
Cash & debt
FY26 cash from operations ₹211 Cr:
2097% of FY26 net profit of ₹10.1 Cr.
Borrowings ₹212 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹466 ₹269
-42.3% below
Net profit ₹44.3 ₹1.6
-96.5% below
AI read of the filing SDBL Q1 Consolidated Net Profit Drops to ₹1.56 Cr; Revenue Falls 31.1% YoY to ₹609.19 Cr Negative
Consolidated revenue from operations fell 31.1% YoY to ₹609.19 Cr (₹60,919.26 Lakh) from ₹884.55 Cr Consolidated profit before tax collapsed to ₹2.15 Cr (₹214.80 Lakh) vs ₹58.38 Cr in Q1 FY26 Consolidated net profit reached ₹1.56 Cr (₹156.03 Lakh), down sharply from the prior year base
Full analysis →
M Cap ₹40.0 Cr
P/E 224.5
PEG 5.10
Since results -9.2%
Profit +128% above its own trend Operating margin expanded 985 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+200.6% +80.5%
12.5 6.9 4.2
Operating profit
loss widened to loss
-0.9 0.8 -0.7
OPM %
+985 bps -1850 bps
-7.5% 11.0% -17.3%
Other income
+44.4% from loss
1.2 -0.5 0.9
Net profit
+127.7% +36.6%
0.1 0.1 0.0
PAT margin %
-18 bps -18 bps
0.5% 0.7% 0.7%
EPS (₹)
+200.0% +50.0%
0.03 0.02 0.01
Quality of profit
Pre-tax profit ₹0.1 Cr: core business −₹1.2 Cr, other income ₹1.2 Cr.
Core profit YoY: loss widened
· reported profit +127.7%
Cash & debt
FY26 cash from operations ₹1.8 Cr:
1257% of FY26 net profit of ₹0.1 Cr.
Borrowings ₹45.9 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2.3 ₹12.5
+441.9% above
Net profit ₹0.0 ₹0.1
+127.7% above
AI read of the filing Q1 Net Profit at ₹6.83 Lakhs (up 146% YoY); Auditor Flags ₹29 Cr Disputed Assets Watch
Revenue from operations grew 53.75% YoY to ₹1,247.49 Lakhs from ₹811.36 Lakhs in Q1 FY26 Net profit stood at ₹6.83 Lakhs, up from ₹2.78 Lakhs in Q1 FY26 and ₹4.95 Lakhs in Q4 FY26 Other income of ₹124.18 Lakhs included ₹40.00 Lakhs written back from old sundry creditor balances
Full analysis →
M Cap ₹2,209 Cr
P/E 7.0
PEG 0.18
Since results -69.4%
Operating margin expanded 102 bps YoY Core business grew faster than reported profit (core profit +169%)
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+19.4% +206.2%
2,988 976 2,503
Operating profit
+45.4% +2.1%
170 166 117
OPM %
+102 bps -1133 bps
5.7% 17.0% 4.7%
Other income
-98.0% -97.3%
0.4 14.0 18.6
Net profit
+32.6% +11.3%
96.8 87.0 73.0
PAT margin %
+32 bps -567 bps
3.2% 8.9% 2.9%
EPS (₹)
+22.1% +11.5%
14.45 12.96 11.83
Quality of profit
Core 83% Other income & one-offs 17%
Pre-tax profit ₹123 Cr: core business ₹102 Cr, other income ₹0.4 Cr, exceptional & other items ₹20.6 Cr.
Core profit YoY: +168.8%
· reported profit +32.6%
Cash & debt
FY26 cash from operations ₹769 Cr:
263% of FY26 net profit of ₹293 Cr.
Borrowings ₹1,691 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,838 ₹2,988
+5.3% above
Net profit ₹91.9 ₹96.8
+5.4% in line
AI read of the filing India Glycols Q1 FY27: Net Profit Rises 32% to ₹96.8 Cr; Revenue Up 19% YoY Positive
Consolidated Revenue from operations increased 19.4% YoY to ₹2,988.44 Cr from ₹2,503.12 Cr. Consolidated Net Profit grew 32.2% YoY to ₹96.83 Cr compared to ₹73.25 Cr in the previous year. Potable Spirits segment revenue surged to ₹2,218.67 Cr, up from ₹1,805.06 Cr in Q1 FY26.
Full analysis →
M Cap ₹1,106 Cr
P/E 44.6
PEG —
Since results -21.8%
All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-4.6% -20.8%
113 143 118
Operating profit
-9.3% -40.1%
16.6 27.7 18.3
OPM %
-76 bps -475 bps
14.7% 19.5% 15.5%
Other income
+142.9% +47.8%
2.4 1.6 1.0
Net profit
-45.4% -87.7%
1.1 8.6 1.9
PAT margin %
-70 bps -509 bps
0.9% 6.0% 1.6%
EPS (₹)
-43.5% -87.3%
0.13 1.02 0.23
Quality of profit
Pre-tax profit ₹1.5 Cr: core business −₹0.9 Cr, other income ₹2.4 Cr.
Core profit YoY: to loss
· reported profit -45.4%
Cash & debt
FY26 cash from operations ₹101 Cr:
394% of FY26 net profit of ₹25.6 Cr.
Borrowings ₹333 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹113 ₹113
-0.1% in line
Net profit ₹1.0 ₹1.1
+9.3% in line
AI read of the filing Sula Q1 FY27: Net Profit drops 45% to ₹1.06 Cr despite marginal revenue growth Negative
Consolidated Net Profit fell 45.4% YoY to ₹1.06 Cr in Q1 FY27 from ₹1.94 Cr in Q1 FY26. Revenue from operations grew marginally by 2.1% YoY to ₹120.79 Cr. Sold Mumbai office property for ₹27.00 Cr, resulting in a profit of ₹1.79 Cr recognized in other income.
Full analysis →
M Cap ₹30,888 Cr
P/E 78.1
PEG 15.62
Since results -19.7%
Profit -14% below its own trend Operating margin contracted 164 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+7.1% +36.3%
3,067 2,250 2,864
Operating profit
-9.1% +103.3%
283 139 311
OPM %
-164 bps +304 bps
9.2% 6.2% 10.9%
Other income
+358.1% -38.2%
50.7 82.0 11.1
Net profit
-9.6% +63.0%
166 102 184
PAT margin %
-100 bps +89 bps
5.4% 4.5% 6.4%
EPS (₹)
-9.5% +63.4%
6.29 3.85 6.95
Quality of profit
Core 77% Other income & one-offs 23%
Pre-tax profit ₹224 Cr: core business ₹174 Cr, other income ₹50.7 Cr.
Core profit YoY: -26.6%
· reported profit -9.6%
Cash & debt
FY26 cash from operations ₹435 Cr:
105% of FY26 net profit of ₹413 Cr.
Borrowings ₹1,317 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,873 ₹3,067
+6.7% above
Net profit ₹193 ₹166
-14.0% below
AI read of the filing Q1 Net Profit ₹166 Cr; Revenue up 10% to ₹5,917 Cr; Premium Volumes Grow 7% Neutral
Gross Revenue from operations reached ₹5,917.45 Cr, a 10% increase over ₹5,378.88 Cr in Q1 FY26. Premium segment volumes grew 7% All-India, led by Heineken Silver (+28%) and Kingfisher Ultra (+11%). Free Operating Cash Flow (FOCF) improved by 38% to ₹548 Cr, supported by disciplined working capital management.
Full analysis →
M Cap ₹60,962 Cr
P/E 86.7
PEG 2.11
Since results +8.8%
Operating margin expanded 531 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+11.8% +11.9%
1,684 1,504 1,506
Operating profit
+50.3% +22.9%
349 284 232
OPM %
+531 bps +184 bps
20.7% 18.9% 15.4%
Other income
+390.4% -10.6%
8.9 10.0 1.8
Net profit
+75.9% +28.3%
230 179 131
PAT margin %
+497 bps +174 bps
13.6% 11.9% 8.7%
EPS (₹)
+75.9% +28.0%
17.15 13.40 9.75
Quality of profit
Core 97% Other income & one-offs 3%
Pre-tax profit ₹305 Cr: core business ₹296 Cr, other income ₹8.9 Cr.
Core profit YoY: +64.5%
· reported profit +75.9%
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 ?
Trend Actual Gap
Sales ₹1,898 ₹1,684
-11.3% below
Net profit ₹223 ₹230
+3.0% in line
AI read of the filing 76% YoY Profit Growth: Radico Khaitan Reports Strong Q1 FY27 Results Positive
Consolidated Net Profit increased 75.9% YoY to ₹229.60 cr from ₹130.52 cr. Revenue from operations grew 10.4% YoY to ₹5,867.69 cr. Finance costs declined by 26.9% to ₹11.65 cr compared to ₹15.93 cr in Q1 FY26.
Full analysis →
M Cap ₹13,411 Cr
P/E —
PEG —
Since results +21.4%
Profit -77% below its own trend Operating margin contracted 695 bps YoY Exceptional items of ₹-30.1 Cr in the quarter Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+155.8% +10.2%
1,046 949 409
Operating profit
+78.8% +9.0%
169 155 94.5
OPM %
-695 bps -18 bps
16.1% 16.3% 23.1%
Other income
+6.5% from loss
4.5 -56.0 4.3
Net profit
-64.3% from loss
31.6 -15.0 88.5
PAT margin %
-1862 bps +460 bps
3.0% -1.6% 21.6%
EPS (₹)
-72.0% from loss
1.28 -0.60 4.57
Quality of profit
Pre-tax profit ₹31.5 Cr: core business ₹57.1 Cr, other income ₹4.5 Cr, exceptional & other items −₹30.1 Cr.
Core profit YoY: -32.4%
· reported profit -64.3%
Cash & debt
FY26 cash from operations −₹445 Cr:
-2142% of FY26 net profit of ₹20.8 Cr.
Borrowings ₹2,301 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹642 ₹1,046
+62.9% above
Net profit ₹138 ₹31.6
-77.1% below
AI read of the filing TI Q1 FY27 Results: Rs 20.46 Cr Subsidy Recognized; Nigeria Subsidiary Approved Neutral
Recognized Rs 20.46 crore as partial subsidy from the Government of Maharashtra for the quarter ended June 30, 2026. Approved the incorporation of a wholly-owned subsidiary in Nigeria to expand global operations. Appointed Ms. Bhumika Batra as an Additional Independent Director for a 3-year term effective July 27, 2026.
Full analysis →
M Cap ₹807 Cr
P/E 13.5
PEG 2.71
Since results -18.2%
Profit -41% below its own trend
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+35.8% +8.0%
398 368 293
Operating profit
+44.1% +37.9%
31.4 22.8 21.8
OPM %
+46 bps +172 bps
7.9% 6.2% 7.5%
Other income
-32.8% +35.5%
5.2 3.8 7.7
Net profit
+18.5% +118.8%
20.4 9.3 17.2
PAT margin %
-75 bps +259 bps
5.1% 2.5% 5.9%
EPS (₹)
+18.4% +118.7%
21.72 9.93 18.34
Quality of profit
Core 80% Other income & one-offs 20%
Pre-tax profit ₹25.8 Cr: core business ₹20.7 Cr, other income ₹5.2 Cr.
Core profit YoY: +18.6%
· reported profit +18.5%
Cash & debt
FY26 cash from operations ₹93.0 Cr:
165% of FY26 net profit of ₹56.5 Cr.
Borrowings ₹75.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹390 ₹398
+1.9% in line
Net profit ₹34.4 ₹20.4
-40.8% below
AI read of the filing Q1 PAT up 18.5% YoY to ₹20.35 Cr; Revenue grows 25% to ₹520.77 Cr Positive
Consolidated Revenue from operations grew to ₹520.77 Cr in Q1 FY27 from ₹415.73 Cr in Q1 FY26. Spirit segment profit increased to ₹36.56 Cr, up from ₹26.87 Cr in the previous year's corresponding quarter. Marine segment reported a loss of ₹7.70 Cr on revenue of ₹233.16 Cr, compared to a loss of ₹0.86 Cr YoY.
Full analysis →
M Cap ₹19,903 Cr
P/E 94.7
PEG 0.22
Since results +15.9%
Profit -33% below its own trend
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+6.1% -2.8%
979 1,007 923
Operating profit
+3.5% -31.7%
115 169 112
OPM %
-29 bps -499 bps
11.8% 16.8% 12.1%
Other income
-34.5% -64.3%
4.6 13.0 7.1
Net profit
-18.6% +19.5%
45.4 38.0 55.8
PAT margin %
-141 bps +87 bps
4.6% 3.8% 6.0%
EPS (₹)
-12.9% +20.5%
1.76 1.46 2.02
Quality of profit
Core 93% Other income & one-offs 7%
Pre-tax profit ₹67.8 Cr: core business ₹63.2 Cr, other income ₹4.6 Cr.
Core profit YoY: -7.8%
· reported profit -18.6%
Cash & debt
FY26 cash from operations ₹362 Cr:
164% of FY26 net profit of ₹220 Cr.
Borrowings ₹1,151 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,031 ₹979
-5.0% below
Net profit ₹67.8 ₹45.4
-33.0% below
AI read of the filing ABDL Q1 Results: PAT Up 11.9% YoY to ₹68.2 Cr; EBITDA Margins Expand to 7.8% Positive
Revenue from operations stood at ₹1,794.96 Cr, a marginal 1.3% increase over ₹1,771.94 Cr in Q1 FY26. EBITDA grew 14.4% YoY to ₹139.70 Cr, outperforming revenue growth due to better operational efficiency. Net Profit (PAT) increased to ₹68.19 Cr compared to ₹60.91 Cr in the same quarter previous year.
Full analysis →
M Cap ₹96,994 Cr
P/E 51.5
PEG 2.24
Since results -3.6%
Profit -12% below its own trend Operating margin contracted 548 bps YoY 44% of pre-tax profit came from other income and one-off items Exceptional items of ₹-81.0 Cr in the quarter Profit grew faster than the core business (core profit -37%)
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-10.4% -11.3%
2,708 3,054 3,021
Operating profit
-33.4% -27.7%
429 593 644
OPM %
-548 bps -358 bps
15.8% 19.4% 21.3%
Other income
+1.4% -67.7%
73.0 226 72.0
Net profit
+11.0% -14.1%
463 539 417
PAT margin %
+329 bps -55 bps
17.1% 17.6% 13.8%
EPS (₹)
+11.1% -12.0%
6.52 7.41 5.87
Quality of profit
Core 56% Other income & one-offs 44%
Pre-tax profit ₹587 Cr: core business ₹327 Cr, other income ₹73.0 Cr, exceptional & other items ₹187 Cr.
Core profit YoY: -37.0%
· reported profit +11.0%
Cash & debt
FY26 cash from operations ₹1,459 Cr:
79% of FY26 net profit of ₹1,838 Cr.
Borrowings ₹413 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3,277 ₹2,708
-17.4% below
Net profit ₹527 ₹463
-12.2% below
AI read of the filing ₹463 Cr PAT; United Spirits Reports 11% YoY Profit Growth in Q1 FY27 Positive
Consolidated Net Profit increased 11% YoY to ₹463 Cr from ₹417 Cr in June 2025. Sports segment revenue surged to ₹552 Cr in Q1, compared to just ₹64 Cr in the preceding quarter due to seasonal IPL activity. Excise duty payments amounted to ₹3,414 Cr, representing 55.7% of the total revenue from operations.
Full analysis →
M Cap ₹2,457 Cr
P/E 24.6
PEG —
Since results -21.1%
Profit -25% below its own trend Operating margin expanded 163 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+12.7% +24.8%
789 632 700
Operating profit
+35.1% +16.4%
77.5 66.6 57.4
OPM %
+163 bps -71 bps
9.8% 10.5% 8.2%
Other income
-24.8% -64.6%
1.7 4.9 2.3
Net profit
+49.7% +25.4%
26.5 21.1 17.7
PAT margin %
+83 bps +2 bps
3.4% 3.3% 2.5%
EPS (₹)
+48.4% +24.0%
9.14 7.37 6.16
Quality of profit
Core 98% Other income & one-offs 2%
Pre-tax profit ₹36.3 Cr: core business ₹35.4 Cr, other income ₹1.7 Cr, exceptional & other items −₹0.8 Cr.
Core profit YoY: +67.6%
· reported profit +49.7%
Cash & debt
FY26 cash from operations ₹268 Cr:
294% of FY26 net profit of ₹91.2 Cr.
Borrowings ₹527 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹700 ₹789
+12.6% above
Net profit ₹35.4 ₹26.5
-25.2% below
M Cap ₹2,024 Cr
P/E 11.7
PEG —
Operating margin expanded 398 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+22.7% -1.0%
200 202 163
Operating profit
+48.4% -11.5%
46.0 52.0 31.0
OPM %
+398 bps -274 bps
23.0% 25.7% 19.0%
Other income
+20.0% -64.7%
6.0 17.0 5.0
Net profit
+46.2% -29.6%
38.0 54.0 26.0
PAT margin %
+305 bps -773 bps
19.0% 26.7% 16.0%
EPS (₹)
+45.9% -30.2%
16.52 23.67 11.32
Quality of profit
Core 88% Other income & one-offs 12%
Pre-tax profit ₹50.0 Cr: core business ₹44.0 Cr, other income ₹6.0 Cr.
Core profit YoY: +46.7%
· reported profit +46.2%
Cash & debt
FY26 cash from operations −₹96.0 Cr.
Borrowings nil at Mar 2026.
M Cap ₹1,145 Cr
P/E 13.8
PEG —
Profit -29% below its own trend Operating margin contracted 318 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+5.2% +16.3%
281 242 267
Operating profit
-18.9% -25.5%
30.0 40.3 37.0
OPM %
-318 bps -600 bps
10.7% 16.7% 13.9%
Other income
+50.0% +117.6%
3.0 1.4 2.0
Net profit
-25.0% -23.4%
18.0 23.5 24.0
PAT margin %
-258 bps -333 bps
6.4% 9.7% 9.0%
EPS (₹)
-32.1% -28.0%
8.88 12.34 13.08
Quality of profit
Core 88% Other income & one-offs 12%
Pre-tax profit ₹24.0 Cr: core business ₹21.0 Cr, other income ₹3.0 Cr.
Core profit YoY: -27.6%
· reported profit -25.0%
Cash & debt
FY26 cash from operations ₹52.0 Cr:
59% of FY26 net profit of ₹88.8 Cr.
Borrowings ₹69.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹266 ₹281
+5.6% above
Net profit ₹25.4 ₹18.0
-29.2% below
Standouts so far
Among companies with a market cap of ₹1,000 Cr or more, so a tiny base does not top the list. Price reaction: last close against the close before the filing.
Reporting in the next three days
HCL Technologies (Mon 12 Oct), ICICI Prudential (Mon 12 Oct), RBL Bank (Mon 12 Oct), Swan Defence (Mon 12 Oct), Gujarat State (Mon 12 Oct), Swaraj Engines (Mon 12 Oct), Plastiblends India (Mon 12 Oct), UMIYA BUILDCON (Mon 12 Oct), Alkali Metals (Mon 12 Oct), Gradiente Infotainment (Mon 12 Oct), Agri-Tech (India) (Mon 12 Oct), Abhishek Integrations (Mon 12 Oct), Rudra Ecovation (Mon 12 Oct), Newtrac Foods (Mon 12 Oct), Inani Securities (Mon 12 Oct), Neil Industries (Mon 12 Oct), Adroit Industries (Mon 12 Oct), TYPHOON (Mon 12 Oct), UNIVARTS (Mon 12 Oct), VERONICAPRO (Mon 12 Oct), ICICI Prudential (Tue 13 Oct), Tata Elxsi (Tue 13 Oct), Transformers And Rectifiers (Tue 13 Oct), Anand Rathi (Tue 13 Oct) and 87 more.
Full results calendar →
How to read this page
The numbers. Each card is one company's Q1 FY27 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.
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 12 Oct 2026, 12:20 IST