Bajaj Finance Ltd., India's largest non-banking financial company with a market capitalisation of ₹5,89,549 crores, reported a concerning 18.41% quarter-on-quarter decline in consolidated net profit for Q3 FY26, posting ₹3,977.85 crores compared to ₹4,875.36 crores in Q2 FY26. The year-on-year performance painted an even grimmer picture, with profits falling 6.33% from ₹4,246.54 crores in Q3 FY25. The stock surged 6.68% to ₹964.75 on February 3, 2026, following the results announcement, despite the profit decline signalling underlying operational challenges.

Beryl Securities Ltd., a micro-cap non-banking financial company registered with the Reserve Bank of India, reported a net profit of ₹0.22 crores for Q3 FY26 (October-December 2025), marking a dramatic recovery from the previous quarter's loss of ₹0.21 crores. Despite the impressive 98.25% year-on-year revenue growth, the stock has plunged 23.44% over the past three months, with shares trading at ₹23.35 as of February 3, 2026—a market capitalisation of just ₹12.00 crores.

Firstsource Solutions Ltd., a leading business process management company in the RP-Sanjiv Goenka Group, reported a sharp 32.97% quarter-on-quarter decline in consolidated net profit to ₹120.33 crores for Q3 FY26 ended December 2025, despite posting its highest-ever quarterly revenue of ₹2,443.08 crores. The profit contraction comes as a surprise given the company's strong top-line momentum, which grew 5.66% sequentially and 16.21% year-on-year, raising questions about cost management and operational efficiency during the quarter.

Dynamic Industries Limited, the Ahmedabad-based specialty chemicals manufacturer, reported a sharp deterioration in its Q3 FY26 financial performance, with net profit collapsing 86.11% quarter-on-quarter to just ₹0.05 crores from ₹0.36 crores in Q2 FY26. The micro-cap company, valued at ₹36 crores, saw its revenue decline 21.14% sequentially to ₹14.10 crores, marking the lowest quarterly sales in the past two years. Despite the disappointing results, the stock surged 9.67% on February 3, 2026, closing at ₹122.50, though it remains 35.49% below its 52-week high of ₹189.90.

JK Lakshmi Cement Ltd., a leading manufacturer of cement and cementitious products, reported a challenging third quarter for FY2026, with consolidated net profit declining 29.64% quarter-on-quarter to ₹56.92 crores, despite posting modest revenue growth. The stock has underperformed significantly, trading at ₹762.10 as of February 3, 2026, down 25.35% from its 52-week high of ₹1,020.85, reflecting investor concerns over sustained margin compression and operational headwinds.

M K Exim (India) Ltd., a Jaipur-based micro-cap engaged in fabric exports and cosmetics distribution, finds itself in turbulent waters despite maintaining a respectable fundamental profile. With a market capitalisation of ₹209.00 crores, the stock currently trades at ₹50.30, reflecting a modest 1.86% gain in today's session but masking a deeper crisis—a devastating 40.66% decline over the past year that has eroded shareholder wealth and raised serious questions about the company's near-term prospects.

Lee & Nee Software (Exports) Ltd., a Kolkata-based IT-enabled services company with a market capitalisation of ₹47.00 crores, reported a net profit of ₹0.11 crores in Q3 FY26 (October-December 2025), marking a sharp 266.67% sequential recovery from the previous quarter's ₹0.03 crores. However, the company continues to grapple with persistent operational losses, with operating profit (excluding other income) remaining negative at ₹0.07 crores despite marginal improvement. The stock, currently trading at ₹8.37, has declined 30.25% over the past year, significantly underperforming both the broader market and its sector peers.

Neo Infracon Ltd., a Mumbai-based micro-cap real estate construction and development company, reported a return to profitability in Q3 FY26 (October-December 2025) with consolidated net profit of ₹0.30 crores, reversing a loss of ₹0.37 crores in the previous quarter. However, the 7.14% year-on-year profit growth and sharp sequential revenue surge of 275.76% reveal a company grappling with extreme quarterly volatility that raises serious questions about earnings sustainability for this ₹21 crore market capitalisation entity.

Mid India Industries Ltd., the Mandsaur-based textile manufacturer, reported a net loss of ₹0.06 crores for Q3 FY26 (October-December 2025), marking a sharp deterioration from the marginal profit of ₹0.04 crores recorded in the same quarter last year. The company's shares traded at ₹7.20 on February 3, 2026, down 0.55% from the previous close, reflecting persistent investor concerns over the company's operational viability. With a diminutive market capitalisation of just ₹12.00 crores and a negative book value of ₹-2.76 per share, Mid India Industries finds itself trapped in a cycle of chronic underperformance that has eroded shareholder wealth by 14.29% over the past year.

Suraj Products Limited, a micro-cap iron and steel products manufacturer based in Odisha, reported a net profit of ₹4.04 crores for Q3 FY26 (Oct-Dec'25), marking a sequential improvement of 26.25% over Q2 FY26's ₹3.20 crores. However, the quarterly performance reveals underlying challenges that have contributed to a sharp 56.83% decline in the stock price over the past year, with shares currently trading at ₹181.30 and a market capitalisation of ₹207 crores. Despite the quarter-on-quarter profit growth, the company faces persistent margin pressures and a bearish technical setup that has eroded investor confidence.

Ultracab (India) Ltd., a Rajkot-based manufacturer of wires and cables, presents a troubling picture for investors as the company struggles with deteriorating profitability despite impressive top-line growth. Trading at ₹8.00 with a micro-cap market capitalisation of ₹98.00 crores, the stock has plummeted 46.42% over the past year, significantly underperforming both the benchmark Sensex (up 8.49%) and its sector peers. The company's annual revenue for FY25 surged 92.7% to ₹239.00 crores, yet operating margins contracted sharply from 10.5% to 7.9%, raising serious questions about operational efficiency and competitive positioning in the fragmented cables and electricals industry.

Yogi Infra Projects Ltd. reported a net loss of ₹5.66 crores for Q3 FY26 ended December 2025, marking a dramatic deterioration from the prior quarter's loss of ₹3.88 crores and representing a staggering 2,472.73% decline compared to the ₹0.22 crore loss in Q3 FY25. The micro-cap NBFC, with a market capitalisation of just ₹10.00 crores, saw its stock price languish at ₹6.43, down 63.65% from its 52-week high of ₹17.69, as investors fled amid mounting concerns over the company's operational viability and financial sustainability.

Amrutanjan Health Care Ltd., the Chennai-based pain relief and wellness products manufacturer, delivered a robust third quarter performance for FY2026, with net profit surging 39.27% quarter-on-quarter to ₹19.45 crores and revenue climbing 19.83% sequentially to ₹141.04 crores. However, the stock has struggled significantly, declining 11.67% over the past year and underperforming the broader Sensex by over 20 percentage points, as investors remain concerned about the company's modest long-term growth trajectory and stretched valuations.

Jenburkt Pharmaceuticals Ltd., a Mumbai-based speciality pharmaceutical formulations manufacturer, reported a concerning quarter-on-quarter decline in profitability for Q3 FY26, with net profit falling 41.63% to ₹5.93 crores from ₹10.16 crores in the previous quarter. Despite posting year-on-year revenue growth of 16.62%, the company's operating margins contracted sharply to 17.25% from 28.75% in Q2 FY26, marking the lowest quarterly operating margin in recent periods. The stock, with a market capitalisation of ₹458 crores, closed at ₹1,105.00 on February 3, 2026, gaining 6.83% on the day but remains down 13.39% over the past three months.