Diversified Conglomerates: Q1 FY27 results (April-June 2026)

11 companies have declared Diversified Conglomerates Q1 FY27 results so far, the latest on 14 Aug 2026.

Across the 10 non-financial companies with a year-ago quarter to compare, sales grew +10.1% and net profit +70.5% year on year, and the combined operating margin narrowed 89 bps to 11.2%.

70% of companies grew net profit; 1 turned a loss into a profit; 50% beat their own profit trend and 0% fell short of it.

Updated 12 Oct 2026, 12:14 IST 11 declared 111 due in the next 3 days →

Diversified Conglomerates Q1 FY27 scoreboard

Sales growth
+10.1%
YoY, 10 companies combined; median +10.4%
Net profit growth
+70.5%
YoY combined; median +7.6%
Operating margin
11.2%
-89 bps YoY
Grew profit
70%
1 turnaround, 0 into loss
Vs own profit trend
50% / 0%
above / below, 50% in line
Price since results
-7.5%
median; 22% of 9 stocks up
Other-income heavy
5
25%+ of pre-tax profit from other income & one-offs

Latest Diversified Conglomerates Q1 FY27 results 11

3M India Limited

3MINDIA · Diversified Conglomerates · Q1 FY27 · Standalone · Filed
M Cap
₹33,987 Cr
P/E
58.9
PEG
6.54
Since results
-16.2%
  • Operating margin contracted 351 bps YoY
  • 28% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-73.1 Cr in the quarter
  • Profit grew faster than the core business (core profit -3%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +19.0%+1.7% 1,4231,3991,196
Operating profit -1.6%-7.4% 238257242
OPM % -351 bps-164 bps 16.7%18.4%20.2%
Other income -22.4%-77.6% 11.652.015.0
Net profit +30.9%+8.4% 233215178
PAT margin % +149 bps+101 bps 16.4%15.4%14.9%
EPS (₹) +31.2%+8.2% 206.90191.16157.73

Quality of profit

Core 72%Other income & one-offs 28%

Pre-tax profit ₹302 Cr: core business ₹217 Cr, other income ₹11.6 Cr, exceptional & other items ₹73.1 Cr.

Core profit YoY: -3.4% · reported profit +30.9%

Cash & debt

FY26 cash from operations ₹514 Cr: 98% of FY26 net profit of ₹522 Cr.

Borrowings ₹170 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,380₹1,423 +3.1% in line
Net profit₹254₹233 -8.1% in line
AI read of the filing 3M India Q1 PAT Rises 31% to ₹233 Cr, Boosted by ₹73 Cr Exceptional Land Sale Gain Neutral
  • Revenue from operations grew 19% YoY to ₹1,423.21 Cr from ₹1,195.97 Cr in the previous year.
  • Exceptional gain of ₹73.13 Cr recorded from the sale of land in Pimpri, Pune, for a total consideration of ₹82.00 Cr.
  • Core Profit Before Tax (before exceptional items) declined 4.3% YoY to ₹229.03 Cr due to higher input costs.
Full analysis →

NAVA LIMITED

NAVA · Diversified Conglomerates · Q1 FY27 · Consolidated · Filed
M Cap
₹15,557 Cr
P/E
16.0
PEG
—
Since results
-6.5%
  • Profit +17% above its own trend
  • Operating margin contracted 586 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +1.6%+6.0% 1,2121,1431,193
Operating profit -10.5%+41.9% 527371588
OPM % -586 bps+1099 bps 43.4%32.5%49.3%
Other income +44.8%+9.5% 57.052.039.3
Net profit -16.6%+144.7% 333136399
PAT margin % -598 bps+1557 bps 27.5%11.9%33.4%
EPS (₹) -10.0%+118.3% 9.804.4910.89

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹480 Cr: core business ₹423 Cr, other income ₹57.0 Cr.

Core profit YoY: -14.9% · reported profit -16.6%

Cash & debt

FY26 cash from operations ₹2,312 Cr: 223% of FY26 net profit of ₹1,039 Cr.

Borrowings ₹2,226 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,308₹1,212 -7.4% below
Net profit₹285₹333 +16.7% above
AI read of the filing ₹165 Cr: NAVA Reports Significant Reduction in Overdue Zambian Receivables in Q1 FY27 Positive
  • Overdue receivables from MEL customer reduced by ₹94.75 Cr during the quarter to reach ₹165.15 Cr.
  • The company is managing a USD 750 million capex plan, which represents approximately 29% of its current market capitalization.
  • Six unreviewed subsidiaries reported a combined net loss of ₹4.64 Cr on a total revenue of ₹85.29 Lakhs.
Full analysis →

Bcl Industries Limited

BCLIND · Diversified Conglomerates · Q1 FY27 · Consolidated · Filed
M Cap
₹893 Cr
P/E
6.9
PEG
0.35
Since results
-19.6%
  • Operating margin expanded 311 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -21.3%+7.1% 623582792
Operating profit +15.3%+11.1% 61.155.053.0
OPM % +311 bps+35 bps 9.8%9.5%6.7%
Other income +54.4%+54.4% 4.63.03.0
Net profit +7.6%+36.6% 35.526.033.0
PAT margin % +153 bps+123 bps 5.7%4.5%4.2%
EPS (₹) +4.8%+38.0% 1.090.791.04

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹46.8 Cr: core business ₹42.2 Cr, other income ₹4.6 Cr.

Core profit YoY: +20.5% · reported profit +7.6%

Cash & debt

FY26 cash from operations ₹325 Cr: 258% of FY26 net profit of ₹126 Cr.

Borrowings ₹569 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹860₹623 -27.5% below
Net profit₹39.5₹35.5 -10.0% in line
AI read of the filing BCL Industries Q1 PAT Rises 5% to ₹32.25 Cr; 200 KLPD Ethanol Plant Shut Due to Fire Neutral
  • Consolidated Revenue from Operations decreased 24% YoY to ₹623.42 Cr from ₹820.30 Cr.
  • Consolidated PAT attributable to owners grew 5.3% YoY to ₹32.25 Cr compared to ₹30.63 Cr.
  • A fire incident on June 19, 2026, resulted in the shutdown of the 200 KLPD Ethanol Plant; insurance recovery is considered virtually certain.
Full analysis →

Gillanders Arbuthnot & Company Limited

GILLANDERS · Diversified Conglomerates · Q1 FY27 · Consolidated · Filed
M Cap
₹214 Cr
P/E
12.3
PEG
0.47
Since results
+13.3%
  • Turnaround: profit against a loss a year ago
  • Operating margin expanded 714 bps YoY
  • 75% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +3.3%-11.7% 91.310388.4
Operating profit from lossfrom loss 6.4-4.4-0.1
OPM % +714 bps+1122 bps 7.0%-4.2%-0.1%
Other income +267.9%-68.2% 1.85.60.5
Net profit from lossfrom loss 2.5-3.9-5.5
PAT margin % +893 bps+652 bps 2.8%-3.8%-6.2%
EPS (₹) from lossfrom loss 1.18-1.82-2.56

Quality of profit

Core 25%Other income & one-offs 75%

Pre-tax profit ₹2.4 Cr: core business ₹0.6 Cr, other income ₹1.8 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹14.0 Cr: 148% of FY26 net profit of ₹9.5 Cr.

Borrowings ₹149 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹90.0₹91.3 +1.5% in line
AI read of the filing Gillanders Q1 Results: Turnaround to ₹3.54 Cr Profit vs ₹4.09 Cr Loss YoY Positive
  • Net Profit of ₹3.54 Cr in Q1 FY27 vs a loss of ₹4.09 Cr in Q1 FY26
  • Tea segment revenue increased 16% YoY to ₹33.21 Cr
  • Engineering (MICCO) division turned profitable with a segment result of ₹1.46 Cr vs a loss of ₹1.42 Cr YoY
Full analysis →

Tara Chand InfraLogistic Solutions Limited

TARACHAND · Diversified Conglomerates · Q1 FY27 · Consolidated · Filed
M Cap
₹363 Cr
P/E
—
PEG
—
Since results
-22.3%
  • Operating margin contracted 689 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +10.7%-24.5% 67.689.561.1
Operating profit -10.0%-35.0% 20.231.122.4
OPM % -689 bps-485 bps 29.9%34.7%36.8%
Other income +27.4%+66.7% 0.80.50.6
Net profit -74.3%-80.6% 1.78.56.5
PAT margin % -811 bps-709 bps 2.5%9.5%10.6%
EPS (₹) -74.4%-80.6% 0.211.080.82

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹2.2 Cr: core business ₹1.7 Cr, other income ₹0.8 Cr.

Core profit YoY: -78.5% · reported profit -74.3%

Cash & debt

Borrowings ₹138 Cr at Mar 2026.

AI read of the filing 74% YoY PAT drop to ₹1.68 Cr in Q1 FY27 despite 10.7% revenue growth Negative
  • Net Revenue increased 10.7% YoY to ₹67.63 Cr, though it declined 24.5% sequentially from Q4 FY26.
  • PAT plummeted 74% YoY to ₹1.68 Cr from ₹6.45 Cr in the year-ago period.
  • Depreciation and Amortization rose to ₹15.95 Cr from ₹12.30 Cr YoY, reflecting the company's ₹145 Cr fleet expansion in FY25.
Full analysis →

Hindustan Foods Limited

HNDFDS · Diversified Conglomerates · Q1 FY27 · Consolidated · Filed
M Cap
₹6,951 Cr
P/E
43.8
PEG
1.51
Since results
-3.0%
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +20.7%+7.5% 1,2011,117995
Operating profit +25.4%+0.3% 10010080.0
OPM % +31 bps-60 bps 8.4%9.0%8.0%
Other income +97.0%+97.0% 5.93.03.0
Net profit +33.6%+1.8% 42.842.032.0
PAT margin % +34 bps-20 bps 3.6%3.8%3.2%
EPS (₹) +32.7%+1.4% 3.533.482.66

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹56.6 Cr: core business ₹50.8 Cr, other income ₹5.9 Cr.

Core profit YoY: +30.2% · reported profit +33.6%

Cash & debt

FY26 cash from operations ₹100 Cr: 68% of FY26 net profit of ₹148 Cr.

Borrowings ₹1,088 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,165₹1,201 +3.1% in line
Net profit₹42.5₹42.8 +0.6% in line
AI read of the filing Hindustan Foods Q1 FY27 Results; Completes ₹21.81 Cr Aurangabad Facility Acquisition Neutral
  • Completed acquisition of Ultra Beauty Care's Aurangabad facility for ₹21.81 Cr on April 1, 2026
  • Recorded a provisional Capital Reserve of ₹2.38 Cr arising from the fair value of net assets acquired (₹24.19 Cr)
  • Two subsidiaries reviewed by secondary auditors contributed ₹121.22 Cr to consolidated revenue
Full analysis →

Balmer Lawrie & Company Limited

BALMLAWRIE · Diversified Conglomerates · Q1 FY27 · Consolidated · Filed
M Cap
₹2,684 Cr
P/E
9.8
PEG
0.58
Since results
-8.7%
  • Operating margin expanded 111 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +10.0%+0.6% 749744681
Operating profit +20.0%-12.4% 99.811483.2
OPM % +111 bps-198 bps 13.3%15.3%12.2%
Other income +12.2%-45.7% 10.619.69.5
Net profit +5.3%-14.3% 70.982.867.4
PAT margin % -42 bps-166 bps 9.5%11.1%9.9%

Quality of profit

Core 86%Other income & one-offs 14%

Pre-tax profit ₹77.9 Cr: core business ₹67.3 Cr, other income ₹10.6 Cr.

Core profit YoY: +8.6% · reported profit +5.3%

Cash & debt

FY26 cash from operations ₹289 Cr: 107% of FY26 net profit of ₹270 Cr.

Borrowings ₹220 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹718₹749 +4.3% in line
Net profit₹71.5₹70.9 -0.8% in line
AI read of the filing Q1 Revenue up 9.8% to ₹742 Cr; Net Profit grows 3% to ₹57.7 Cr Neutral
  • Standalone Revenue from operations increased 9.8% YoY to ₹742.13 Cr from ₹675.51 Cr.
  • Industrial Packaging segment revenue grew significantly by 27.7% YoY to ₹308.66 Cr.
  • Finance costs more than doubled to ₹10.98 Cr compared to ₹4.71 Cr in the same quarter last year.
Full analysis →

Quess Corp Limited

QUESS · Diversified Conglomerates · Q1 FY27 · Consolidated · Filed
M Cap
₹4,801 Cr
P/E
19.0
PEG
2.71
Since results
+7.7%
  • Profit +191% above its own trend
  • 30% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit +21%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +14.5%+7.4% 4,1823,8923,651
Operating profit +20.8%-1.7% 84.586.070.0
OPM % +10 bps-19 bps 2.0%2.2%1.9%
Other income +751.6%+265.0% 25.57.03.0
Net profit +61.0%+28.3% 82.164.051.0
PAT margin % +57 bps+32 bps 2.0%1.6%1.4%
EPS (₹) +60.8%+27.9% 5.504.303.42

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹85.9 Cr: core business ₹60.3 Cr, other income ₹25.5 Cr.

Core profit YoY: +20.7% · reported profit +61.0%

Cash & debt

FY26 cash from operations ₹230 Cr: 104% of FY26 net profit of ₹222 Cr.

Borrowings ₹124 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,135₹4,182 +33.4% above
Net profit₹28.2₹82.1 +191.2% above
AI read of the filing Quess Corp Q1 FY27: Auditor Qualifies Results Over ₹388 Cr Tax Dispute Watch
  • Contingent liability for disputed tax deductions (FY18-FY22) stands at ₹3,879.94 million
  • Section 80JJAA deduction claimed for the quarter ended June 30, 2026, is ₹705.63 million
  • Pending tax assessments for FY24 and FY25 involve deductions totaling ₹8,447.82 million
Full analysis →

DCM Shriram Limited

DCMSHRIRAM · Diversified Conglomerates · Q1 FY27 · Consolidated · Filed
M Cap
₹14,797 Cr
P/E
10.3
PEG
—
Since results
-7.5%
  • Profit +279% above its own trend
  • 39% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹-79.4 Cr in the quarter
  • Profit grew faster than the core business (core profit +13%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +9.3%+11.6% 3,5643,1933,262
Operating profit +10.7%-4.7% 337353304
OPM % +12 bps-161 bps 9.4%11.1%9.3%
Other income +25.5%-64.6% 27.678.022.0
Net profit +508.3%+86.9% 693371114
PAT margin % +1596 bps+784 bps 19.5%11.6%3.5%
EPS (₹) +511.0%+87.3% 44.4223.727.27

Quality of profit

Core 61%Other income & one-offs 39%

Pre-tax profit ₹274 Cr: core business ₹167 Cr, other income ₹27.6 Cr, exceptional & other items ₹79.4 Cr.

Core profit YoY: +12.9% · reported profit +508.3%

Cash & debt

FY26 cash from operations ₹1,234 Cr: 144% of FY26 net profit of ₹857 Cr.

Borrowings ₹2,923 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹3,456₹3,564 +3.1% in line
Net profit₹183₹693 +279.0% above
AI read of the filing DCM Shriram Q1 FY27 Results: Subsidiaries Contribute Rs 179.46 Cr Revenue Neutral
  • 14 subsidiaries and 2 consolidated entities contributed Rs 179.46 crore to the Q1 FY27 revenue.
  • Net profit from these reviewed subsidiaries stood at Rs 6.34 crore for the quarter ended June 30, 2026.
  • Shriram Teknor Limited (formerly Shriram Polytech) became a Joint Venture effective April 17, 2026.
Full analysis →

Krishna Defence and Allied Industries Limited

KRISHNADEF · Diversified Conglomerates · Q1 FY27 · Consolidated
M Cap
₹1,837 Cr
P/E
42.7
PEG
0.44
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales —-10.8% 58.065.0—
Operating profit —-6.2% 15.016.0—
OPM % —+125 bps 25.9%24.6%—
Other income —-50.0% 1.02.0—
Net profit —-15.4% 11.013.0—
PAT margin % —-103 bps 19.0%20.0%—
EPS (₹) —-10.8% 7.658.58—

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹15.0 Cr: core business ₹14.0 Cr, other income ₹1.0 Cr.

Core profit YoY: —

Cash & debt

FY26 cash from operations ₹86.0 Cr.

Borrowings ₹2.0 Cr at Mar 2026.

Vikas EcoTech Limited

VIKASECO · Diversified Conglomerates · Q1 FY27 · Consolidated
M Cap
₹140 Cr
P/E
50.6
PEG
—
  • Profit +69% above its own trend
  • Operating margin contracted 249 bps YoY
  • 93% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -90%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +15.1%+2.5% 119116104
Operating profit -48.5%from loss 2.4-1.14.7
OPM % -249 bps+293 bps 2.0%-0.9%4.5%
Other income +192.8%+94.3% 3.01.61.0
Net profit -15.6%from loss 2.0-0.42.4
PAT margin % -61 bps+206 bps 1.7%-0.4%2.3%
EPS (₹) -50.0%— 0.010.000.02

Quality of profit

Core 7%Other income & one-offs 93%

Pre-tax profit ₹3.3 Cr: core business ₹0.2 Cr, other income ₹3.0 Cr.

Core profit YoY: -90.3% · reported profit -15.6%

Cash & debt

Borrowings ₹38.0 Cr at Sep 2025.

Against its own trend ?

TrendActualGap
Sales₹95.0₹119 +25.4% above
Net profit₹1.2₹2.0 +68.8% above

Standouts so far

Biggest profit growth

  1. DCM Shriram+508.3%
  2. Quess+61.0%
  3. Hindustan Foods+33.6%
  4. 3M India+30.9%
  5. Balmer Lawrie+5.3%

Biggest profit declines

  1. NAVA-16.6%
  2. Balmer Lawrie+5.3%
  3. 3M India+30.9%
  4. Hindustan Foods+33.6%
  5. Quess+61.0%

Best price reaction

  1. Quess+7.7%
  2. Hindustan Foods-3.0%
  3. NAVA-6.5%
  4. DCM Shriram-7.5%
  5. Balmer Lawrie-8.7%

Worst price reaction

  1. 3M India-16.2%
  2. Balmer Lawrie-8.7%
  3. DCM Shriram-7.5%
  4. NAVA-6.5%
  5. Hindustan Foods-3.0%

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.

⚠️ 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