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Hotels & Resorts: Q1 FY27 results (April-June 2026)
36 companies have declared Hotels & Resorts Q1 FY27 results so far, the latest on 14 Aug 2026.
Across the 36 non-financial companies with a year-ago quarter to compare, sales grew +9.4% and net profit +20.3% year on year, and the combined operating margin narrowed 2 bps to 23.1%.
69% of companies grew net profit; 3 turned a loss into a profit; 26% beat their own profit trend and 42% fell short of it.
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Hotels & Resorts Q1 FY27 scoreboard
Sales growth
+9.4%
YoY, 36 companies combined; median +9.5%
Net profit growth
+20.3%
YoY combined; median +28.0%
Operating margin
23.1%
-2 bps YoY
Grew profit
69%
3 turnarounds, 2 into loss
Vs own profit trend
26% / 42%
above / below, 32% in line
Price since results
-2.5%
median; 38% of 32 stocks up
Other-income heavy
14
25%+ of pre-tax profit from other income & one-offs
14 matching results 14
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M Cap ₹438 Cr
P/E 18.9
PEG —
Since results -8.5%
Profit -23% below its own trend Operating margin contracted 716 bps YoY 56% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -60%)
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+5.1% -41.6%
21.0 36.0 20.0 Operating profit
-45.1% -89.7%
1.6 16.0 3.0 OPM %
-716 bps -3660 bps
7.8% 44.4% 15.0% Other income
+3.0% +3.0%
1.0 1.0 1.0 Net profit
-30.7% -88.4%
1.4 12.0 2.0 PAT margin %
-341 bps -2674 bps
6.6% 33.3% 10.0% EPS (₹)
-40.0% -88.2%
0.15 1.27 0.25
Quality of profit
Pre-tax profit ₹1.8 Cr: core business ₹0.8 Cr, other income ₹1.0 Cr.
Core profit YoY: -59.5%
· reported profit -30.7%
Cash & debt
FY26 cash from operations ₹23.0 Cr:
97% of FY26 net profit of ₹23.8 Cr.
Borrowings ₹3.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹19.3 ₹21.0
+8.7% above Net profit ₹1.8 ₹1.4
-23.4% below
AI read of the filing Advani Hotels Submits Reviewed Financial Results for Quarter Ended June 30, 2026 Neutral Board approved reviewed financial results for the quarter ended June 30, 2026 on August 14, 2026. Limited review report issued by statutory auditor Arun G. Verma & Co. (Firm Reg No. 111381W / Membership No. 031898). Results cover comparative periods including quarter ended March 31, 2026 and quarter ended June 30, 2025. Full analysis →
M Cap ₹213 Cr
P/E —
PEG —
Since results +4.8%
Operating margin expanded 857 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
-36.1% -14.6%
15.4 18.0 24.0 Operating profit
+19.4% from loss 2.8 -22.0 2.4 OPM %
+857 bps +14068 bps
18.5% -122.2% 9.9% Other income
-64.3% -93.7%
0.5 8.0 1.4 Net profit
+62.2% from loss 0.4 -17.0 0.3 PAT margin %
+165 bps +9717 bps
2.7% -94.4% 1.1% EPS (₹)
+50.0% from loss 0.03 -1.03 0.02
Quality of profit
Pre-tax profit ₹0.4 Cr: core business −₹0.1 Cr, other income ₹0.5 Cr.
Core profit YoY: loss narrowed
· reported profit +62.2%
Cash & debt
FY26 cash from operations −₹26.0 Cr.
Borrowings ₹24.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹40.4 ₹15.4
-62.0% below
AI read of the filing Rs 0.42 Cr Consolidated PAT in Q1 FY27; Revenue Declines 36% YoY to Rs 15.36 Cr Neutral Consolidated revenue from operations decreased 36% YoY to Rs 15.36 Cr from Rs 24.03 Cr. Real Estate segment revenue dropped 63% YoY to Rs 5.22 Cr compared to Rs 14.27 Cr in Q1 FY26. Hotel & Membership segment reported a segment loss (PBT) of Rs 0.41 Cr on revenue of Rs 10.65 Cr. Full analysis →
M Cap ₹280 Cr
P/E —
PEG —
Since results -3.5%
Operating margin expanded 227 bps YoY 56% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +140%)
₹ Cr YoY
Jun 2026 Jun 2025
Sales
+1.8%
33.9 33.2 Operating profit
+9.6%
10.9 10.0 OPM %
+227 bps
32.2% 30.0% Other income
+0.8%
4.5 4.5 Net profit
+52.0%
6.1 4.0 PAT margin %
+596 bps
18.1% 12.1% EPS (₹)
+51.9%
3.54 2.33
Quality of profit
Pre-tax profit ₹8.1 Cr: core business ₹3.6 Cr, other income ₹4.5 Cr.
Core profit YoY: +139.7%
· reported profit +52.0%
AI read of the filing 52% YoY PAT Growth to ₹6.12 Cr in Q1 FY27; ₹41.16 Cr Revaluation Gain Recorded Positive Net Profit after tax surged 51.8% YoY to ₹6.12 Cr from ₹4.03 Cr in Jun 2025. Finance costs decreased by 22% to ₹3.17 Cr from ₹4.06 Cr, indicating improved debt management. Recorded a significant non-cash revaluation gain of ₹41.16 Cr on shares of Asian Hotels (West) Limited. Full analysis →
M Cap ₹789 Cr
P/E 27.3
PEG —
Since results -11.8%
Operating margin contracted 121 bps YoY 92% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -94%)
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+36.1% -5.3%
107 113 78.8 Operating profit
+29.5% -0.5%
25.4 25.6 19.6 OPM %
-121 bps +113 bps
23.7% 22.6% 24.9% Other income
+85.9% -5.5%
7.5 7.9 4.0 Net profit
-39.3% -17.2%
6.8 8.2 11.2 PAT margin %
-787 bps -92 bps
6.3% 7.3% 14.2% EPS (₹)
-41.4% -19.3%
2.34 2.90 3.99
Quality of profit
Pre-tax profit ₹8.2 Cr: core business ₹0.7 Cr, other income ₹7.5 Cr.
Core profit YoY: -93.5%
· reported profit -39.3%
Cash & debt
FY26 cash from operations ₹82.0 Cr:
246% of FY26 net profit of ₹33.3 Cr.
Borrowings ₹641 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹94.1 ₹107
+13.9% above Net profit ₹6.7 ₹6.8
+1.6% in line
AI read of the filing ₹2.5 Dividend Fixed; Board Approves Q1 Results Amid Ongoing KSDPL Legal Dispute Watch Final dividend of ₹2.5 per share (25%) for FY26, resulting in a cash outflow of ₹6.86 Cr Record date for dividend payment fixed as August 28, 2026, with payment starting September 26, 2026 Auditor qualification regarding KSDPL associate status and ongoing litigation with 50% shareholders (Tambi Group) Full analysis →
M Cap ₹700 Cr
P/E 30.8
PEG —
Since results -4.4%
Profit +25% above its own trend Operating margin expanded 275 bps YoY 45% of pre-tax profit came from other income and one-off items Core business grew faster than reported profit (core profit +618%)
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+16.8% +9.1%
127 116 109 Operating profit
+36.4% +38.9%
24.4 17.5 17.9 OPM %
+275 bps +411 bps
19.2% 15.1% 16.4% Other income
-25.6% +12.3%
4.3 3.8 5.7 Net profit
+38.8% +149.5%
7.1 2.9 5.1 PAT margin %
+89 bps +315 bps
5.6% 2.4% 4.7% EPS (₹)
+36.8% +110.1%
1.45 0.69 1.06
Quality of profit
Pre-tax profit ₹9.4 Cr: core business ₹5.2 Cr, other income ₹4.3 Cr.
Core profit YoY: +618.4%
· reported profit +38.8%
Cash & debt
FY26 cash from operations ₹85.0 Cr:
410% of FY26 net profit of ₹20.7 Cr.
Borrowings ₹140 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹119 ₹127
+6.8% above Net profit ₹5.7 ₹7.1
+24.6% above
AI read of the filing 38.8% YoY PAT Growth in Q1 FY27; Consolidated Revenue up 20.5% to Rs 131.1 Cr Positive Consolidated Revenue from operations increased 20.5% YoY to Rs 131.10 Cr from Rs 108.77 Cr. Consolidated Net Profit (PAT) grew 38.8% YoY to Rs 7.11 Cr, resulting in an EPS of Rs 1.45. Standalone Profit Before Tax (PBT) rose to Rs 9.22 Cr, a 31.3% increase over Q1 FY26. Full analysis →
M Cap ₹5,645 Cr
P/E 69.1
PEG 4.60
Since results -3.9%
52% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+2.7% -36.5%
90.1 142 87.7 Operating profit
-7.2% -72.2%
8.3 30.0 9.0 OPM %
-98 bps -1188 bps
9.2% 21.1% 10.2% Other income
+26.4% -28.6%
7.1 10.0 5.7 Net profit
-3.6% -66.5%
9.4 28.0 9.7 PAT margin %
-68 bps -929 bps
10.4% 19.7% 11.1% EPS (₹)
-4.4% -67.0%
1.09 3.30 1.14
Quality of profit
Pre-tax profit ₹13.7 Cr: core business ₹6.5 Cr, other income ₹7.1 Cr.
Core profit YoY: -4.8%
· reported profit -3.6%
Cash & debt
FY26 cash from operations ₹70.0 Cr:
85% of FY26 net profit of ₹82.1 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹80.9 ₹90.1
+11.3% above Net profit ₹9.5 ₹9.4
-1.6% in line
AI read of the filing ITDC Q1 FY27 Results: Auditor highlights Rs 12.93 Cr unbilled fees and Rs 9.90 Cr DDA dispute Watch Rs 12.93 Cr in license fees from FY21 remain unbilled and unrecognised due to ongoing disputes with private licensees. Rs 9.90 Cr due from DDA for over 3 years remains unprovided for, as management remains hopeful of recovery via AMRCD. Rs 1.64 Cr property tax liability for Hotel Ashok and Samrat was booked for Q1 FY27 following Delhi High Court directions. Full analysis →
M Cap ₹382 Cr
P/E 35.4
PEG —
Since results -0.8%
Profit -36% below its own trend Operating margin expanded 372 bps YoY 45% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+28.4% +20.2%
20.1 16.8 15.7 Operating profit
+41.0% +57.4%
8.4 5.3 6.0 OPM %
+372 bps +985 bps
41.6% 31.8% 37.9% Other income
+20.2% from loss 4.6 -3.1 3.8 Net profit
+28.0% from loss 7.9 -0.9 6.2 PAT margin %
-13 bps +4439 bps
39.3% -5.1% 39.4% EPS (₹)
+27.3% from loss 1.54 -0.17 1.21
Quality of profit
Pre-tax profit ₹10.2 Cr: core business ₹5.6 Cr, other income ₹4.6 Cr.
Core profit YoY: +38.6%
· reported profit +28.0%
Cash & debt
FY26 cash from operations ₹20.9 Cr:
231% of FY26 net profit of ₹9.1 Cr.
Borrowings ₹34.4 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹17.9 ₹20.1
+12.7% above Net profit ₹12.4 ₹7.9
-36.0% below
AI read of the filing 28% Revenue Growth in Q1 FY27; Sinclairs Exits Udaipur Lease Positive Revenue from operations grew 28.4% YoY to ₹20.15 cr from ₹15.69 cr. Net profit increased to ₹7.91 cr for the quarter, representing a 27.9% YoY growth. Terminated the lease agreement for Sinclairs Udaipur effective June 30, 2026, less than a year after its August 2025 launch. Full analysis →
M Cap ₹1,024 Cr
P/E 44.9
PEG 0.07
Since results +15.3%
Turnaround: profit against a loss a year ago Operating margin expanded 483 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
+29.0% -7.3%
32.7 35.3 25.4 Operating profit
+71.4% -34.2%
6.4 9.7 3.7 OPM %
+483 bps -799 bps
19.6% 27.6% 14.7% Other income
+194.5% -18.6%
3.2 3.9 1.1 Net profit
from loss -80.0%
1.2 5.8 -3.0 PAT margin %
+1544 bps -1285 bps
3.5% 16.4% -11.9% EPS (₹)
from loss -80.2%
0.17 0.86 -0.04
Quality of profit
Pre-tax profit ₹1.1 Cr: core business −₹2.1 Cr, other income ₹3.2 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹47.0 Cr:
260% of FY26 net profit of ₹18.1 Cr.
Borrowings ₹223 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹24.8 ₹32.7
+32.2% above
AI read of the filing VHLTD Q1 Revenue at ₹44.9 Cr; ₹107 Cr Rights Issue to Meet Public Shareholding Norms Neutral Consolidated Revenue reached ₹44.90 Cr in Q1 FY27, up from ₹25.37 Cr in Q1 FY26 (non-comparable due to SLN acquisition). Consolidated PAT stood at ₹1.45 Cr, a turnaround from a loss of ₹3.02 Cr in the year-ago period. Rights Issue size fixed at ₹107 Cr, representing approximately 12% of the current market capitalization. Full analysis →
M Cap ₹9,012 Cr
P/E 284.4
PEG —
Since results +22.1%
Profit -51% below its own trend All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+11.9% +12.3%
736 655 658 Operating profit
+8.9% +7.0%
92.9 86.9 85.3 OPM %
-34 bps -62 bps
12.6% 13.3% 13.0% Other income
-3.2% +1.5%
6.6 6.5 6.8 Net profit
-52.2% -75.3%
0.6 2.4 1.2 PAT margin %
-11 bps -28 bps
0.1% 0.4% 0.2% EPS (₹)
-50.0% -73.3%
0.04 0.15 0.08
Quality of profit
Pre-tax profit ₹0.8 Cr: core business −₹5.8 Cr, other income ₹6.6 Cr.
Core profit YoY: loss widened
· reported profit -52.2%
Cash & debt
FY26 cash from operations ₹352 Cr:
1089% of FY26 net profit of ₹32.3 Cr.
Borrowings ₹1,805 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹692 ₹736
+6.3% above Net profit ₹1.2 ₹0.6
-50.7% below
AI read of the filing Westlife Q1 FY27: Revenue Up 11.8% to ₹735.6 Cr; ₹0.40 Interim Dividend Declared Neutral Consolidated Revenue from operations increased 11.8% YoY to ₹735.64 Cr. Consolidated PAT declined to ₹0.59 Cr from ₹1.23 Cr in the corresponding previous year quarter. Cost of materials consumed surged by 27.8% YoY to ₹238.66 Cr. Full analysis →
M Cap ₹15,238 Cr
P/E —
PEG —
Since results +8.5%
84% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+16.5% +10.0%
1,581 1,437 1,357 Operating profit
+23.4% +15.4%
254 220 206 OPM %
+90 bps +75 bps
16.1% 15.3% 15.2% Other income
+42.1% +8.4%
19.2 17.7 13.5 Net profit
+667.7% from loss 17.1 -9.8 2.2 PAT margin %
+92 bps +177 bps
1.1% -0.7% 0.2% EPS (₹)
+300.0% from loss 0.12 -0.08 0.03
Quality of profit
Pre-tax profit ₹22.9 Cr: core business ₹3.7 Cr, other income ₹19.2 Cr.
Core profit YoY: from loss
· reported profit +667.7%
Cash & debt
FY26 cash from operations ₹919 Cr.
Borrowings ₹3,833 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,520 ₹1,581
+4.0% in line
AI read of the filing ₹1,580 Cr Revenue: Devyani Q1 FY27 Returns to Profitability with 16.5% YoY Growth Positive Consolidated revenue increased 16.5% YoY to ₹1,580.52 Cr from ₹1,356.97 Cr. Net profit turned positive at ₹17.10 Cr compared to a loss of ₹9.84 Cr in the immediate previous quarter (Q4 FY26). Consolidated EPS rose to ₹0.12, up from ₹0.03 in Q1 FY26 and -₹0.08 in Q4 FY26. Full analysis →
M Cap ₹27.0 Cr
P/E 18.4
PEG 9.21
Since results +2.7%
Operating margin contracted 135 bps YoY All of pre-tax profit came from other income or one-off items FY26 operating cash flow was only 30% of profit
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-6.1% -20.1%
8.3 10.4 8.9 Operating profit
-12.9% -15.5%
1.4 1.7 1.6 OPM %
-135 bps +95 bps
17.3% 16.3% 18.6% Other income
+63.2% +21.1%
0.4 0.3 0.2 Net profit
+7.8% -48.9%
0.2 0.4 0.2 PAT margin %
+30 bps -131 bps
2.3% 3.6% 2.0% EPS (₹)
+16.7% -46.2%
0.07 0.13 0.06
Quality of profit
Pre-tax profit ₹0.2 Cr: core business −₹0.2 Cr, other income ₹0.4 Cr.
Core profit YoY: loss widened
· reported profit +7.8%
Cash & debt
FY26 cash from operations ₹0.4 Cr:
30% of FY26 net profit of ₹1.4 Cr.
Borrowings ₹12.4 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹9.0 ₹8.3
-7.6% below Net profit ₹0.2 ₹0.2
+9.4% in line
AI read of the filing TGB Banquets Reports Q1 Revenue of ₹8.33 Cr, Net Profit Flat at ₹0.19 Cr Neutral Revenue from operations stood at ₹8.33 Cr, down from ₹8.87 Cr in the previous year's corresponding quarter. Net profit for the quarter was ₹0.19 Cr, representing a marginal increase from ₹0.18 Cr YoY. Total expenses were reduced to ₹8.51 Cr from ₹8.92 Cr in Q1 FY26, primarily due to lower 'other expenses'. Full analysis →
M Cap ₹6,663 Cr
P/E —
PEG —
Since results +14.3%
Turnaround: profit against a loss a year ago Operating margin expanded 116 bps YoY 35% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+14.7% +12.5%
891 792 777 Operating profit
+23.9% +12.3%
140 124 113 OPM %
+116 bps -2 bps
15.7% 15.7% 14.5% Other income
-16.4% +14.5%
5.7 5.0 6.8 Net profit
from loss from loss 14.0 -12.6 -1.7 PAT margin %
+180 bps +317 bps
1.6% -1.6% -0.2% EPS (₹)
from loss from loss 0.44 -0.39 -0.06
Quality of profit
Pre-tax profit ₹16.2 Cr: core business ₹10.5 Cr, other income ₹5.7 Cr.
Core profit YoY: from loss
Against its own trend ?
Trend Actual Gap
Sales ₹838 ₹891
+6.3% above
AI read of the filing Rs 14 Cr PAT: Sapphire Foods Turns Profitable in Q1; Merger with Devyani Progresses Positive Turnaround to a consolidated net profit of Rs 14.02 Cr in Q1 FY27 from a loss of Rs 1.74 Cr in Q1 FY26. Revenue from operations increased by 14.7% YoY to Rs 890.96 Cr. Merger swap ratio confirmed at 177 equity shares of Devyani International (Rs 1 FV) for every 100 shares of Sapphire (Rs 2 FV). Full analysis →
M Cap ₹32,187 Cr
P/E 37.0
PEG —
Since results -15.5%
Operating margin expanded 123 bps YoY 25% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+14.8% -25.4%
936 1,254 816 Operating profit
+19.5% -37.3%
292 466 245 OPM %
+123 bps -593 bps
31.2% 37.2% 30.0% Other income
+32.5% -2.5%
58.5 60.0 44.2 Net profit
+36.0% -42.6%
182 317 134 PAT margin %
+304 bps -584 bps
19.4% 25.3% 16.4% EPS (₹)
+35.9% -42.8%
0.87 1.52 0.64
Quality of profit
Pre-tax profit ₹248 Cr: core business ₹186 Cr, other income ₹58.5 Cr, exceptional & other items ₹3.7 Cr.
Core profit YoY: +32.3%
· reported profit +36.0%
Cash & debt
FY26 cash from operations ₹1,110 Cr:
135% of FY26 net profit of ₹821 Cr.
Borrowings ₹74.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹936 ₹936
-0.0% in line Net profit ₹185 ₹182
-1.6% in line
AI read of the filing 36% YoY PAT Growth in Q1; Revenue up 15% to ₹936 Cr with Branded Residences Contribution Positive Consolidated Revenue from operations increased 14.8% YoY to ₹936.02 Cr from ₹815.54 Cr. Consolidated Net Profit grew 36% YoY to ₹181.91 Cr compared to ₹133.71 Cr in the previous year's quarter. Branded Residences segment turned profitable at the EBIT level with ₹13.22 Cr on revenue of ₹37.77 Cr. Full analysis →
M Cap ₹651 Cr
P/E 3.4
PEG 0.14
Operating margin expanded 445 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
+7.8% +3.2%
290 281 269 Operating profit
+48.1% -7.1%
47.4 51.0 32.0 OPM %
+445 bps -180 bps
16.4% 18.1% 11.9% Other income
-89.7% -97.2%
4.5 159 44.0 Net profit
-80.3% -96.6%
4.5 132 23.0 PAT margin %
-699 bps -4542 bps
1.6% 47.0% 8.6% EPS (₹)
-97.0% -99.4%
0.04 6.25 1.33
Quality of profit
Pre-tax profit ₹4.5 Cr: core business −₹0.0 Cr, other income ₹4.5 Cr.
Core profit YoY: loss narrowed
· reported profit -80.3%
Cash & debt
FY26 cash from operations ₹172 Cr:
82% of FY26 net profit of ₹209 Cr.
Borrowings ₹827 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹279 ₹290
+3.8% in line
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, 14:33 IST
