Quarterly Results
Quarterly results are the financial statements every listed Indian company must publish for each three-month period — revenue, expenses, profit and earnings per share — approved by its board and filed with the stock exchanges.
Under SEBI's LODR regulations, listed companies must file quarterly results within 45 days of the quarter ending (the final quarter gets more time, since it is filed along with the audited full-year results). The numbers are approved at a board meeting that is intimated to the exchanges in advance, then published on NSE/BSE the same day — which is why results usually hit the market on known dates, often after market hours.
A results filing packs several things at once: the profit-and-loss statement for the quarter, comparisons against the same quarter last year (YoY) and the previous quarter (QoQ), segment revenue for diversified companies, and often a limited-review report from the auditor. Companies with subsidiaries report both consolidated and standalone versions.
Reading results well means reading against expectations, not in isolation. A company can grow profit 30% and still fall if the street expected 50%; a loss-making company can rally on a smaller-than-feared loss. Margins, one-off items (asset sales, write-backs, exceptional costs) and the demand commentary in the accompanying press release often matter more than the headline profit number.
In practice
Larsen & Toubro reported Q1 FY27 consolidated revenue of ₹67,942 crore, up 7% year on year, and profit of ₹4,123 crore, up 14%, while its EBITDA margin narrowed to 9.0% from 9.9%. Read the filing (28 Jul 2026) →
Common questions
What do Q1, Q2, Q3 and Q4 mean for Indian companies?
Indian companies follow an April to March financial year, so Q1 is April to June, Q2 July to September, Q3 October to December and Q4 January to March. 'Q1 FY27' therefore means April to June 2026. A few companies, mainly subsidiaries of foreign groups, have permission to use a different year, and every results filing states the period it covers.
What is the deadline for Q4 results?
SEBI's listing rules give companies 60 days after the financial year ends on 31 March to file audited annual results, so the deadline is 30 May. The fourth-quarter figures usually appear in the same filing, derived as the difference between the audited full year and the nine-month numbers already published.
What is a limited review report?
It is the statutory auditor's review of quarterly results that have not been audited. A limited review is narrower than an audit: the auditor makes enquiries and runs analytical checks, then states whether anything suggests the figures are materially misstated, rather than giving a full audit opinion. Every unaudited quarterly result filed by a listed company must carry one.
How quickly must a company publish results after the board meeting?
Within 30 minutes of the board meeting ending. SEBI's listing rules require the outcome of a meeting that approves financial results to reach the exchanges within that window, and the meeting itself must be intimated at least two working days in advance. Many companies schedule the meeting to end after 3:30 pm, when trading has closed.
How stocks tend to react
Results days are among the most reaction-heavy events for any stock. The move typically reflects the gap between reported numbers and expectations, and can reverse as analysts digest the fine print — the initial minutes' move and the multi-day move often differ.
MarketPing measures this instead of guessing: every analysed announcement carries the stock's actual price reaction across 14 horizons, and the Reaction Lab aggregates how each category of announcement has historically moved stocks.
See it happening now
Breakout results on Discover → — the NSE and BSE companies that filed one recently, each with its filing and the measured price reaction.
Related terms
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Educational content, not investment advice. Regulations and tax rules change — verify current rules before acting.