NB Footwear Ltd., a micro-cap diversified consumer products company, continues its operational shutdown with zero revenue generation in Q2 FY26 (Jul-Sep'25), reporting a net loss of ₹0.03 crores. The company, with a market capitalisation of just ₹9.00 crores, has failed to generate any sales for over seven consecutive quarters, raising serious concerns about its viability as a going concern. The stock plummeted 63.38% over the past year, trading at ₹6.43 on January 30, 2026, reflecting investor exodus from this distressed asset.

Triveni Engineering and Industries Ltd., one of India's three largest sugar manufacturers with diversified interests in engineering businesses, reported a consolidated net profit of ₹25.90 crores for Q2 FY26 (Jul-Sep'25), marking a dramatic turnaround from the ₹19.20 crore loss in the same quarter last year. The ₹7,745 crore market capitalisation company witnessed its stock surge 6.81% following the results announcement, closing at ₹374.15 on January 30, 2026, as investors responded positively to the sequential profit recovery despite persistent margin pressures.

Forbes & Company Ltd., a diversified conglomerate operating across engineering, industrial automation, consumer durables, chemical tankers, and real estate under the Shapoorji Pallonji Group umbrella, reported a consolidated net profit of ₹4.19 crores for Q3 FY26 (October-December 2025), marking a sharp decline of 33.81% quarter-on-quarter and 55.89% year-on-year. The micro-cap company, with a market capitalisation of ₹557 crores, saw its stock plunge 4.72% to ₹409 following the results announcement, reflecting investor disappointment over deteriorating operational performance.

Mukesh Babu Financial Services Ltd., a micro-cap non-banking financial company, reported consolidated net profit of ₹1.77 crores for Q3 FY26 (December 2025), marking a sharp 94.51% quarter-on-quarter surge from ₹0.91 crores in Q2 FY26. However, the year-on-year comparison reveals a concerning 196.20% decline from a loss of ₹1.84 crores in Q3 FY25, highlighting the extreme earnings volatility plaguing this ₹80 crore market capitalisation entity. The stock surged 18.82% to ₹136.70 following the results announcement, yet remains 9.47% below its 52-week high of ₹151.00, reflecting investor uncertainty about the sustainability of recent improvements.

Fischer Medical Ventures Ltd., a small-cap commodity chemicals company transitioning into medical technology trading, delivered exceptional quarterly results for Q3 FY26 with consolidated net profit surging 6,631.03% year-on-year to ₹19.23 crores. However, the stock remains under pressure, trading at ₹38.63 with a bearish technical trend and extreme valuation multiples that raise serious questions about sustainability despite the impressive operational turnaround.

Kisaan Parivar Industries Ltd., a micro-cap trading and distribution company with a market capitalisation of ₹16.00 crores, reported deeply concerning results for Q2 FY26, with net sales collapsing to zero and the company posting a net profit of ₹0.53 crores driven entirely by other income. The stock, trading at ₹18.04, has plummeted 66.59% over the past year, reflecting investor alarm over the complete cessation of core trading operations.

Astec LifeSciences Ltd., a prominent manufacturer of agrochemical active ingredients and pharmaceutical intermediates, reported a consolidated net loss of ₹15.70 crores for Q3 FY26, representing a 61.12% deterioration compared to the ₹40.38-crore loss recorded in Q3 FY25. Despite a robust 32.88% year-on-year revenue expansion to ₹124.72 crores, the company continues to grapple with operational inefficiencies and mounting interest burdens that have kept profitability elusive. The stock, currently trading at ₹573.00 with a market capitalisation of ₹1,289 crores, has plunged 42.46% over the past year, significantly underperforming both the Sensex and its sectoral peers.

Orbit Exports Ltd., the Mumbai-based novelty fabric manufacturer, reported a sharp 34.73% quarter-on-quarter decline in consolidated net profit to ₹6.56 crores for Q3 FY26, down from ₹10.05 crores in Q2 FY26. The ₹455 crore market capitalisation company saw revenues contract 3.29% sequentially to ₹56.36 crores, whilst operating margins compressed to 21.32% from 20.77% in the previous quarter. The disappointing performance marks the second consecutive quarter of profit decline, raising concerns about the sustainability of the company's earnings trajectory in a challenging textile industry environment.

KEC International Ltd., one of the world's largest power transmission EPC companies, reported a modest quarter for Q3 FY26, with net profit declining 1.62% year-on-year to ₹127.46 crores despite revenue growth of 12.19%. The sequential performance was more concerning, with profit falling 20.71% from Q2 FY26's ₹160.75 crores, reflecting margin pressures and elevated interest costs. The stock, currently trading at ₹669.50, has rallied 3.83% following the results announcement, though it remains down 17.40% over the past year and significantly below its 52-week high of ₹947.30.

Golkunda Diamonds & Jewellery Ltd. reported a net profit of ₹3.18 crores for Q2 FY26, marking a modest sequential improvement of 1.27% from the previous quarter's ₹3.14 crores. However, the company delivered an impressive year-on-year surge of 202.86% compared to ₹1.05 crores in Q2 FY25, underscoring a remarkable recovery trajectory in profitability. The micro-cap gem and jewellery manufacturer, with a market capitalisation of ₹143.00 crores, saw its stock rally 4.63% to ₹206.85 following the results announcement, reflecting investor optimism about the revenue momentum despite lingering margin concerns.

NTPC Ltd., India's largest power utility with a market capitalisation of ₹3.44 lakh crores, delivered a mixed performance in Q3 FY26, with consolidated net profit rising 8.42% year-on-year to ₹5,488.67 crores despite flat sequential growth of 8.33%. The quarter's results reveal a company grappling with margin pressures even as it maintains revenue momentum, raising questions about operational efficiency in an increasingly competitive power sector. Following the results announcement, the stock traded at ₹355.80, down 0.64% from the previous close, reflecting investor caution about the sustainability of profit growth amidst rising costs.

Maithan Alloys Ltd., India's second-largest ferro alloys manufacturer, reported consolidated net profit of ₹88.90 crores for Q3 FY26, marking a modest 2.12% year-on-year decline but a significant 173.50% quarter-on-quarter recovery from the previous quarter's loss of ₹120.95 crores. Despite the sequential improvement, the Kolkata-headquartered company continues to grapple with volatile other income and subdued operating performance, raising concerns about earnings quality and sustainability.

Garware Synthetics Ltd., the Mumbai-based manufacturer of nylon monofilaments and bristles, reported a net profit of ₹0.12 crores for Q2 FY26, maintaining its profitability from Q1 FY26 (₹0.12 crores) whilst delivering a four-fold improvement from ₹0.03 crores in Q2 FY25. The small-cap company, with a market capitalisation of just ₹12.00 crores, saw its shares plunge 5.00% on January 30, 2026, closing at ₹20.33, as investors reacted to the company's persistently weak fundamentals and bearish technical signals despite the quarterly profit stabilisation.

Steelcast Limited, a Gujarat-based castings manufacturer with a market capitalisation of ₹1,907 crores, delivered a mixed performance in Q2 FY26 (Jul-Sep'25), with net profit rising 16.75% quarter-on-quarter to ₹23.21 crores whilst revenue remained virtually flat at ₹106.65 crores. Despite the sequential revenue stagnation, year-on-year comparisons paint a more robust picture, with net sales surging 41.54% and net profit climbing 74.62% compared to Q2 FY25. The stock, trading at ₹185.50 as of January 30, 2026, has declined 2.45% following the results announcement, reflecting investor concerns about near-term growth momentum even as profitability metrics remain strong.