Mankind Pharma Ltd., one of India's leading pharmaceutical companies with a market capitalisation of ₹87,785 crores, delivered a mixed performance in Q3 FY26 (October-December 2025), with consolidated net profit rising 7.50% year-on-year to ₹408.75 crores but declining 20.09% sequentially from ₹511.51 crores in Q2 FY26. The stock surged 4.30% to ₹2,155.90 following the results announcement, though it remains down 16.56% over the past year, significantly underperforming both the Sensex and the pharmaceutical sector.

NMDC Steel Ltd., the Central Public Sector Undertaking under the Ministry of Steel, reported a net loss of ₹243.97 crores for Q3 FY26, marking a substantial deterioration from the ₹25.56 crore profit recorded in Q2 FY26. The loss represents a quarter-on-quarter reversal and a year-on-year improvement of 67.82% from the ₹757.78 crore loss in Q3 FY25. The stock closed at ₹41.64 on February 03, 2026, down 1.68% from the previous close, reflecting investor concerns about the company's persistent profitability challenges despite improving top-line performance.

Restaurant Brands Asia Limited, the master franchisee for Burger King in India and Indonesia, reported a consolidated net loss of ₹43.54 crores for Q3 FY26, marking a 13.61% deterioration from the ₹50.40 crores loss in the year-ago quarter. Despite posting its highest-ever quarterly revenue of ₹714.65 crores—up 11.83% year-on-year—the company continues to grapple with mounting depreciation and interest costs that have kept profitability elusive. The stock, currently trading at ₹63.57, has tumbled 16.56% over the past year and remains 29.00% below its 52-week high of ₹89.53, reflecting sustained investor pessimism about the quick-service restaurant operator's path to profitability.

The Anup Engineering Limited, a small-cap industrial manufacturing company with a market capitalisation of ₹3,929.00 crores, reported a challenging third quarter for FY2026 that exposed underlying profitability pressures despite sustained topline momentum. Net profit for Q3 FY26 declined 20.34% quarter-on-quarter to ₹25.53 crores, marking a 15.49% year-on-year contraction, whilst revenue grew 20.48% year-on-year to ₹206.92 crores. The divergence between revenue growth and profit contraction has raised questions about margin sustainability and cost management effectiveness. Following the results announcement, the stock surged 16.18% to ₹2,070.00 on February 03, 2026, though this recovery comes after a brutal one-year decline of 29.64%, significantly underperforming the Sensex's 8.49% gain during the same period.

Godrej Agrovet Ltd., a diversified agribusiness conglomerate with a market capitalisation of ₹10,673 crores, reported consolidated net profit of ₹114.82 crores for Q3 FY26 (October-December 2025), marking a sequential growth of 24.01% over Q2 FY26 and a modest 2.99% year-on-year increase. The stock, trading at ₹548.65 as of February 03, 2026, has declined 0.94% post-results, reflecting investor caution despite the profit recovery. The company's performance reveals a tale of two narratives: robust topline momentum offset by persistent margin compression and elevated debt levels that continue to weigh on investor sentiment.

Svarnim Trade Udyog Ltd., a micro-cap textile trading company with a market capitalisation of ₹3.00 crores, reported its Q3 FY26 results, revealing a troubling pattern of operational inactivity and persistent losses. The company recorded a net loss of ₹0.02 crores for the quarter ended December 2025, with zero revenue generation for the seventh consecutive quarter—a stark indicator of complete business stagnation.

SAL Automotive Ltd., the Punjab-based automotive components manufacturer, reported a concerning third quarter for FY2026, with net profit plunging 67.20% quarter-on-quarter to ₹0.61 crores from ₹1.86 crores in Q2 FY26. On a year-on-year basis, profitability declined 56.43% from ₹1.40 crores in Q3 FY25, marking the weakest quarterly performance in recent periods. The micro-cap company, with a market capitalisation of ₹100 crores, saw its stock react positively on February 3, 2026, rising 5.48% to ₹205.95, though this appears more technical in nature given the sharp decline from its 52-week high of ₹346.65.

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.