Global Surfaces Ltd., a micro-cap diversified consumer products company with a market capitalisation of ₹377.00 crores, has reported a consolidated net loss of ₹4.67 crores for Q2 FY26 (September quarter), marking a significant deterioration from the ₹0.43 crore loss in the previous quarter. The stock, currently trading at ₹89.26, has declined 27.15% year-on-year and sits 38.44% below its 52-week high of ₹145.00, reflecting mounting investor concerns about the company's operational trajectory.

Aeroflex Neu Ltd., a micro-cap packaging company based in Udaipur, reported a consolidated net profit of ₹1.02 crores for Q2 FY26, marking a robust 27.50% sequential growth and a remarkable 292.31% year-on-year surge. However, beneath the headline profit improvement lies a concerning narrative of structural operating margin compression that warrants careful investor scrutiny.

Nazara Technologies Ltd., the Mumbai-based gaming and sports media company, delivered a paradoxical performance in Q3 FY26 (October-December 2025), posting a consolidated net loss of ₹29.35 crores compared to a profit of ₹21.97 crores in the same quarter last year—a stark reversal that sent the stock tumbling despite extraordinary other income. With a market capitalisation of ₹10,616 crores, the small-cap media and entertainment player now faces heightened scrutiny over the sustainability of its business model as operational challenges overshadow exceptional one-time gains.

Crystal Business System Ltd., a micro-cap media and entertainment company with a market capitalisation of ₹19.00 crores, has reported deeply concerning results for Q2 FY26, with net losses of ₹0.70 crores compared to a profit of ₹0.71 crores in the same quarter last year. The company's revenue collapsed by 59.59% year-on-year to just ₹1.58 crores, whilst operating margins plunged to negative 46.84%, signalling severe operational distress in the broadcasting business.

Sheela Foam Ltd., India's pioneering polyurethane foam manufacturer and the company behind the Sleepwell brand, reported a consolidated net profit of ₹9.66 crores for Q3 FY26, marking a 47.71% quarter-on-quarter increase but a stark 51.55% decline year-on-year. The results underscore persistent profitability challenges despite the company's revenue expansion efforts. Following the announcement, the stock has declined 27.58% over the past three months, trading at ₹525.75 as of February 03, 2026, with a market capitalisation of ₹5,738.00 crores.

Excel Industries Ltd., a Mumbai-based speciality chemicals manufacturer with a market capitalisation of ₹1,154 crores, reported a concerning set of results for Q2 FY26 (July-September 2025), with consolidated net profit plunging 37.23% quarter-on-quarter to ₹21.19 crores from ₹33.76 crores in Q1 FY26. Year-on-year, the decline was even steeper at 40.61% compared to ₹35.68 crores in Q2 FY25. The stock has been under severe pressure, trading at ₹922.05 as of February 03, 2026, down 29.54% over the past year and significantly underperforming both the Sensex and its speciality chemicals peer group.

Sita Enterprises Ltd., a Mumbai-based non-banking financial company operating in the trading and distribution sector, reported a remarkable turnaround in its Q2 FY26 results with net profit surging to ₹2.18 crores, marking a 990.00% year-on-year increase from ₹0.20 crores in Q2 FY25. The micro-cap company, with a market capitalisation of ₹47.00 crores, demonstrated exceptional profitability metrics despite modest absolute revenue figures, though the stock has struggled to maintain momentum in recent months.

Triveni Turbine Ltd., a leading manufacturer of steam turbines and power generating equipment, reported a mixed performance in Q2 FY26 (July-September 2025), with consolidated net profit rising 41.40% quarter-on-quarter to ₹91.20 crores but declining 0.33% year-on-year from ₹90.90 crores. The stock surged 8.49% following the results announcement, trading at ₹548.10 with a market capitalisation of ₹17,196 crores, though it remains 20.08% below its 52-week high of ₹685.85.

V2 Retail Ltd., one of India's fastest-growing apparel retail chains, delivered a blockbuster third quarter for FY2026, with net profit surging 492.40% quarter-on-quarter to ₹102.07 crores and revenue jumping 31.12% sequentially to ₹929.18 crores. The festive season-driven performance marked the company's strongest quarterly showing on record, with margins expanding sharply across the board. The stock responded positively, gaining 8.01% on February 3, 2026, to close at ₹2,130.00, though it remains 17.19% below its 52-week high of ₹2,572.00.

Pidilite Industries Ltd., India's leading adhesives and specialty chemicals manufacturer with a market capitalisation of ₹1.46 lakh crores, reported a consolidated net profit of ₹579.23 crores for Q3 FY26, marking a sequential decline of 13.86% from the previous quarter's ₹672.41 crores. Despite posting a respectable 8.36% year-on-year growth, the company's shares have struggled, trading at ₹1,427.85 on February 3, 2026, down 3.48% over the past year and significantly underperforming the Sensex's 8.49% gain during the same period.

Shri Dinesh Mills Ltd., a composite textile manufacturer with over six decades of presence in worsted fabrics and industrial textiles, reported consolidated net profit of ₹2.31 crores for Q3 FY26 (December 2025), marking a 120.00% year-on-year increase from ₹1.05 crores in Q3 FY25. However, the company's operational performance continues to face headwinds, with net sales declining 4.07% YoY to ₹15.56 crores, the lowest quarterly revenue in recent history. The stock, currently trading at ₹244.05 with a market capitalisation of ₹143.00 crores, remains under significant pressure, down 37.42% over the past year and trading 37.89% below its 52-week high of ₹392.95.

Onelife Capital Advisors Ltd. reported a consolidated net loss of ₹4.52 crores in Q2 FY26, marking a staggering 786.27% deterioration from the previous quarter's loss of ₹0.51 crores. The micro-cap capital markets firm, with a market capitalisation of just ₹21.00 crores, continues to struggle with operational profitability despite a sharp 354.12% quarter-on-quarter revenue surge to ₹3.86 crores. The stock closed at ₹15.97 on February 03, 2026, up 3.90% on the day but down 4.77% year-to-date, reflecting persistent investor concerns about the company's financial trajectory.

Kiran Vyapar Limited, a Kolkata-based non-banking financial company (NBFC), reported a dramatic 99.57% quarter-on-quarter decline in consolidated net profit to ₹0.07 crores in Q3 FY26, down from ₹16.39 crores in Q2 FY26. The year-on-year comparison was equally dismal, with profits plunging 99.78% from ₹31.26 crores in Q3 FY25. The micro-cap NBFC, with a market capitalisation of ₹546.00 crores, saw its stock trading at ₹193.05 on February 3, 2026, reflecting a modest 1.07% daily gain but remaining deeply entrenched in a bearish technical trend that has persisted since November 2025.

Timex Group India Limited, the domestic arm of the global timepiece manufacturer, reported a robust second quarter for FY2026, with net profit surging 69.72% quarter-on-quarter to ₹30.23 crores on the back of strong festive demand. The company's revenue jumped 44.23% sequentially to ₹243.67 crores, whilst year-on-year growth stood at an impressive 39.98%, signalling sustained momentum in the premium watches and accessories segment.

Jamshri Realty Ltd., the Solapur-based real estate and hospitality company, posted a marginal loss of ₹0.03 crores in Q2 FY26, marking a significant improvement from the ₹0.34 crores loss recorded in the same quarter last year. Despite this progress, the micro-cap company with a market capitalisation of ₹58.00 crores continues to struggle with profitability, as its stock has declined 28.66% over the past year, significantly underperforming the broader market's 8.49% gain.

Adroit Infotech Ltd., a micro-cap software consulting firm with a market capitalisation of ₹52.00 crores, reported net profit of ₹0.77 crores in Q2 FY26 (July-September 2025), marking an 8.33% decline from the previous quarter's ₹0.84 crores but a 71.11% surge compared to ₹0.45 crores in Q2 FY25. The stock has plunged 45.92% over the past year, significantly underperforming the Sensex's 8.49% gain, as investors grapple with deteriorating financial trends and mounting operational challenges that have pushed the company's proprietary Mojo Score to just 23 out of 100—a "Strong Sell" rating.

Indraprastha Medical Corporation Ltd., operator of the flagship Indraprastha Apollo Hospitals in New Delhi, reported a mixed second quarter for FY2026, with net profit declining 3.89% quarter-on-quarter to ₹49.46 crores despite revenue growth of 4.37%. The hospital chain's market capitalisation stands at ₹3,547 crores, though the stock has tumbled 39.44% from its 52-week high of ₹640.05, currently trading at ₹387.60 after a 3.33% gain on February 3, 2026.

Sudarshan Colorants India Ltd., a micro-cap player in the dyes and pigments sector with a market capitalisation of ₹900.00 crores, reported a concerning set of results for Q3 FY26, with net profit declining sharply to ₹10.80 crores, marking a 37.40% decline from the previous four-quarter average. The quarter saw revenues contract to ₹175.67 crores, the lowest in recent quarters, whilst operating margins compressed significantly to 6.43%, raising questions about the company's near-term operational trajectory.

The December 2025 quarter earnings season has revealed a nuanced picture across Indian equities, with 1,115 companies reporting results. While the overall proportion of positive earnings surprises has improved to 49.0%, this marks a modest recovery from the previous quarter’s 42.0%, reflecting ongoing sectoral and market cap divergences in performance.