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  5. Paytm, DLF, and Credit Access Grameen among 7 companies that turned profitable in December quarter; check the full list

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Paytm, DLF, and Credit Access Grameen among 7 companies that turned profitable in December quarter; check the full list

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By Abhishek Vasudev

4 min read | Updated on February 12, 2026, 14:36 IST

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SUMMARY

The large-cap companies have so far reported profit growth of 8.7%, mid-cap companies have reported profit growth of 17.8%, and small-cap companies have reported bottom-line growth of 39.9%.

Stock list

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One97 Communications reported a net profit of ₹145 crore compared with a loss of ₹205 crore in the year-ago period. Image: Shutterstock

The December quarter earnings season for most of the listed companies is set to close by the end of this month. As per an analysis by Pankaj Teiberwal, Founder & CIO of IKIGAI Asset Manager, the Indian companies on average posted 12.1% year-on-year revenue growth and 12.2% growth in adjusted profit after tax.

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The large-cap companies have so far reported profit growth of 8.7%, mid-cap companies have reported profit growth of 17.8%, and small-cap companies have reported bottom-line growth of 39.9%, Tiberwal wrote on microblogging website X earlier this month.

Meanwhile, seven companies from the NIFTY 500 index posted a turnaround story in the third quarter of the current financial year as they turned profitable on a year-on-year (YoY) basis.

Here are the top 5 turnaround stories from the December quarter.
Paytm: Parent of Paytm, the country's leading payment services provider, One97 Communications, on a standalone basis, reported a net profit of ₹145 crore compared with a loss of ₹205 crore in the year-ago period, data from Ace Equity showed.

On a consolidated basis, it posted a net profit of ₹225 crore during the quarter under review, compared to a loss of ₹208 crore.

The turnaround in the December quarter was driven by consistent gain in UPI consumer market share, merchant device subscriptions, and customers availing financial services through its application.

DLF: The country's largest real estate developer reported a standalone net profit of ₹296 crore at the end of December quarter compared with a loss of ₹166 crore in the corresponding period last year.

Its consolidated net profit rose 14% to Rs 1,203.36 crore for December quarter.

The turnaround in the third quarter was driven by strong surplus cash generation of ₹3,876 crore during the quarter, which led to the successful achievement of its stated goal of achieving a zero gross debt level, the company said.

"New sales bookings stood at Rs 419 crore, led by healthy monetisation of our launched inventory (excluding The Dahlias). We remain confident of achieving our annual guidance and will continue to bring our new product offerings in line with our stated medium-term plan," DLF said.

IFCI: The country's leading non-banking finance (NBFC) reported standalone a net profit of ₹6.85 crore at the end of Q3 against a loss of ₹59 crore in the year-ago period.

The turnaround in IFCI after the company said that it recognised interest income of ₹23.34 crore on stage 3 assets. Its gross non-performing assets at the end of the December quarter came in at 3,701 crore with an NPA ratio of 96.31%.

Company NameNet profit in Q3FY26Loss in Q3FY25
IFCI₹6.85 crore₹58.96 crore
Wockhardt₹28 crore₹22 crore
One97 Communications₹145 crore₹205 crore
Nuvoco Vistas Corporation₹56.21 crore₹44.14 crore
Valor Estate₹115.8 crore₹3.60 crore
CreditAccess Grameen₹252.09 crore₹99.52 crore
Source: Ace Equity
*Standalone numbers
CreditAccess Grameen: The microfinance lender reported a standalone net profit of ₹252 crore in December quarter compared with a loss of ₹100 crore in the same period last year.

The company's pre-provision operating profit (PPOP) increased 9.2% annually to ₹680.5 crore, and its total income rose 8% to ₹1,491 crore.

The company's assets under management advanced 7% annually to ₹26,566 crore, and its disbursements jumped 13% to ₹5,767 crore from ₹5,085 crore.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
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About The Author

Abhishek Vasudev.jpg
Abhishek Vasudev is a business journalist with over 15 years of experience covering business and markets. He has worked for leading media organisations of the country.

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