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BSE 150 MidCap Index Results: Latest Quarterly Results & Analysis

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L&T Finance Ltd. 24 Apr 2026 19:09 PM
Result PDF

Q4FY26 & FY26 Result Announced for L&T Finance Ltd.

Finance company L&T Finance announced Q4FY26 & FY26 results

Q4FY26 Standalone Financial Highlights:

  • Total Income: Reported at Rs 4,921.16 crore, a growth of 7.41% QoQ from Rs 4,581.71 crore and a growth of 22.28% YoY from Rs 4,024.43 crore.
  • Net Profit: Reported at Rs 947.09 crore, an increase of 29.49% QoQ from Rs 731.42 crore and a growth of 50.20% YoY compared to Rs 630.59 crore.
  • Earnings Per Share (EPS): Basic EPS stood at Rs 3.78 for the quarter, an increase of 29.45% QoQ from Rs 2.92 and 49.41% YoY from Rs 2.53.
  • Total Comprehensive Income: Reported at Rs 990.74 crore, reflecting a growth of 38.23% QoQ and 55.08% YoY.

Q4FY26 Consolidated Financial Highlights:

  • Total Income: Reported at Rs 4,771.10 crore, an increase of 4.14% QoQ from Rs 4,581.49 crore and a growth of 18.47% YoY from Rs 4,027.22 crore.
  • Net Profit: Reported at Rs 809.16 crore, up 9.64% QoQ from Rs 737.99 crore and up 27.26% YoY from Rs 635.84 crore.
  • Earnings Per Share (EPS): Basic EPS stood at Rs 3.22, up 9.15% QoQ and 26.27% YoY.
  • Total Comprehensive Income: Reported at Rs 852.84 crore, representing an increase of 17.91% QoQ and 32.41% YoY.

FY26 Standalone Financial Highlights:

  • Total Income: Stood at Rs 18,054.20 crore for FY26, a growth of 13.33% YoY compared to Rs 15,930.12 crore in FY25.
  • Net Profit: Reported at Rs 3,100.31 crore, showing a growth of 18.43% YoY from Rs 2,617.81 crore.
  • Net Cash Flows: Net cash used in operating activities was Rs (14,236.69) crore, compared to Rs (16,608.17) crore in the previous year.
  • Earnings Per Share (EPS): Basic EPS for the year was Rs 12.40, a growth of 18.10% YoY from Rs 10.50.
  • Dividend: Recommended a final dividend of Rs 2.75 per Equity Share (27.5% of face value Rs 10).

FY26 Consolidated Financial Highlights:

  • Total Income: Stood at Rs 17,917.03 crore for FY26, showing a growth of 12.39% YoY compared to Rs 15,940.98 crore in FY25.
  • Net Profit (Attributable to Owners): Reported at Rs 2,981.18 crore, a growth of 12.77% YoY from Rs 2,643.66 crore.
  • Net Cash Flows: Net cash used in operating activities was Rs (14,189.24) crore, compared to Rs (16,587.47) crore in the previous year.
  • Earnings Per Share (EPS): Basic EPS for the year was Rs 11.92, a growth of 12.35% YoY from Rs 10.61.

Business Highlights:

  • New Business Entry: The Board approved entering the business of pre-paid instruments (wallets and cards) and acting as a Third-Party Application Provider, subject to regulatory approvals.
  • Fund Raising: Approved raising funds via non-convertible debentures (NCDs) up to an aggregate amount of Rs 1,23,500 crore. Also approved the issuance of cumulative compulsorily redeemable non-convertible preference shares up to Rs 6,012 crore.
  • Acquisition: On June 9, 2025, the company acquired the gold loan business of Paul Merchants Finance Private Limited (PMFL) for a total consideration of Rs 711.93 crore.
  • Labour Code Impact: The group accounted for an estimated one-time incremental impact as an Exceptional Item amounting to Rs 28.51 crore (Consolidated) and Rs 28.43 crore (Standalone) due to the recognition of past service costs under the New Labour Codes.
  • Asset Quality: Standalone Gross Stage 3 assets stood at 3.41% as of March 31, 2026, compared to 3.69% in the previous year. Net Stage 3 assets improved to 1.44% from 1.84% YoY.
  • Capital Adequacy: Standalone Capital Adequacy Ratio (CRAR) stood at 18.84% as of March 31, 2026.
  • Appointments: Appointed Mr. Sachinn Joshi (as CFO and Whole-time Director for 2 years) and Mr. Raju Dodti (as Whole-time Director for 3 years), effective upon regulatory approvals.

Sudipta Roy, Managing Director & CEO, LTF, said: “FY26 has been a good year for us, despite significant headwinds in our microfinance business in the initial months of the year and the end of the year closing with geopolitical tensions. Through the course of the year, we remained steadfast in our approach—tightening credit and risk administration frameworks, strengthening collections infrastructure, accelerating our AI-led technology transformation and continuously focusing on growth across all our business lines. On the microfinance business, our focus was on navigating the cycle with prudence and our efforts have yielded results, with business parameters across both disbursements and collection efficiencies now reverting to near pre-crisis levels, giving us confidence that FY27 will be a stable and productive year for this segment.

FY26 also marks the successful completion of our Lakshya 26 strategic plan, achieving most of our stated objectives even amid volatility in the credit environment. This reflects the resilience of our diversified franchise, disciplined execution, and the strength of the digital and analytics capabilities that we built during the plan period. As we embark on our next five-year strategic roadmap, Lakshya 31, we are setting ourselves ambitious and measurable targets to drive consistent growth with improved profitability. While global geopolitical uncertainties persist, we remain confident that the solid foundation established during the Lakshya 26 period will enable us to deliver steady outcomes and create long-term value for all stakeholders and truly transform L&T Finance into a Risk-first, Technology-first, Multi-product Retail Financier of Choice.”

Result PDF

Result PDF

Mahindra & Mahindra Financial Services announced Q4FY26 & FY26 results

Q4FY26 Standalone Financial Highlights:

  • Total Income: Reported at Rs 4,810.07 crore for the quarter, an increase of 13.31% YoY from Rs 4,245.09 crore and a growth of 0.98% QoQ from Rs 4,763.22 crore.
  • Total Revenue from operations: Reported at Rs 4,799.96 crore, showing a YoY growth of 13.19% compared to Rs 4,240.80 crore and a QoQ growth of 0.98% compared to Rs 4,753.59 crore.
  • Interest Income: Stood at Rs 4,462.06 crore, up 11.07% YoY from Rs 4,017.23 crore and 1.25% QoQ from Rs 4,407.12 crore.
  • Profit for the period (Net Profit): Reported at Rs 872.98 crore, a significant increase of 55.02% YoY from Rs 563.14 crore and a growth of 7.72% QoQ from Rs 810.44 crore.
  • Basic EPS: Stood at Rs 6.28 for the quarter, compared to Rs 4.43 YoY (up 41.76%) and Rs 5.83 QoQ (up 7.72%).

Q4FY26 Consolidated Financial Highlights:

  • Total Income: Reported at Rs 5,559.52 crore, an increase of 13.53% YoY from Rs 4,896.84 crore and a QoQ increase of 1.74% from Rs 5,464.32 crore.
  • Total Revenue from operations: Stood at Rs 5,538.73 crore, showing a YoY growth of 13.37% from Rs 4,885.63 crore and a QoQ growth of 1.63% from Rs 5,449.84 crore.
  • Interest Income: Reported at Rs 4,773.35 crore, up 10.39% YoY from Rs 4,324.05 crore and 1.35% QoQ from Rs 4,709.81 crore.
  • Net Profit (attributable to Owners): Reported at Rs 938.02 crore, a substantial growth of 105.16% YoY from Rs 457.22 crore and 13.82% QoQ from Rs 824.16 crore.
  • Basic EPS: Stood at Rs 6.75 for the quarter, compared to Rs 3.59 YoY (up 88.02%) and Rs 5.93 QoQ (up 13.83%).

FY26 Standalone Financial Highlights:

  • Total Income: Reported at Rs 18,500.28 crore for the full year, a growth of 15.09% YoY from Rs 16,074.69 crore.
  • Total Revenue from operations: Reported at Rs 18,445.59 crore, up 15.15% YoY from Rs 16,018.95 crore.
  • Interest Income: Stood at Rs 17,211.69 crore, an increase of 12.26% YoY from Rs 15,331.41 crore.
  • Net Profit: Reported at Rs 2,782.23 crore for the year, a growth of 18.64% YoY from Rs 2,345.04 crore.
  • Basic EPS: For the full year, EPS was Rs 20.35, an increase of 10.42% from Rs 18.43 in the previous year.
  • Dividend: The Board has recommended a dividend of Rs 7.50 per equity share of face value Rs 2 each (375%) for the financial year ended March 31, 2026.
  • Cash Flow: Net cash used in operating activities was Rs 11,205.50 crore for FY26, compared to Rs 15,281.43 crore used in FY25.

FY26 Consolidated Financial Highlights:

  • Total Income: Reported at Rs 21,086.73 crore for the full year, up 13.80% YoY from Rs 18,530.46 crore.
  • Total Revenue from operations: Reported at Rs 21,005.37 crore, an increase of 13.77% YoY from Rs 18,463.10 crore.
  • Interest Income: Reported at Rs 18,428.11 crore, an increase of 11.24% YoY from Rs 16,566.40 crore.
  • Net Profit (attributable to Owners): Stood at Rs 2,854.53 crore for the year, showing a growth of 26.20% YoY from Rs 2,261.87 crore.
  • Basic EPS: Reported at Rs 20.88 for FY26, an increase of 17.44% from Rs 17.78 in FY25.
  • Cash Flow: Net cash used in operating activities was Rs 12,772.18 crore for FY26, compared to Rs 15,601.88 crore used in FY25.

Business Highlights:

  • Asset Quality: Standalone Gross Stage-3 Assets % improved to 3.41% as of March 31, 2026, compared to 3.69% in the previous year. Net Stage-3 Assets % improved to 1.44% from 1.84% YoY.
  • Provision Coverage: Provision Coverage Ratio for Stage-3 assets (PCR %) improved significantly to 58.55% as of March 31, 2026, compared to 51.16% as of March 31, 2025.
  • Capital Adequacy: The Standalone Capital Adequacy Ratio stood healthy at 18.84% as of March 31, 2026.
  • Rights Issue: The Company successfully completed a Rights Issue during the year (June 2025), issuing 15,44,41,240 equity shares and raising Rs 2,996.16 crore, which increased the parent company’s (Mahindra & Mahindra Limited) shareholding to 52.49%.
  • In-principle Merger Approval: The Board has given in-principle approval to evaluate the merger of Mahindra Rural Housing Finance Limited (MRHFL), a 98.43% owned subsidiary, with the Company.
  • Labour Codes Impact: The Company recorded an exceptional item of Rs 117.33 crore (Standalone) and Rs 132.95 crore (Consolidated) during the year, representing the estimated incremental impact of Gratuity and Leave Encashment due to the notification of "new Labour Codes".
  • Co-lending: During the year, the Company undertook co-lending arrangements as an Originator (Vehicle loans) and as a Partner (LAP, Unsecured loans to MSMEs), with outstanding disbursements totaling Rs 36.11 crore and Rs 12.73 crore respectively under these models.

Raul Rebello, MD & CEO, Mahindra Finance said: "This year’s progress across growth, margins and risk was driven by disciplined execution and resulted in a tangible step-up in profitability. Continued investments in our core vehicle franchise, new growth categories, and technology will support sustainable growth and profitability”.

Result PDF

IndusInd Bank announced Q4FY26 & FY26 results

Q4FY26 Standalone Financial Highlights:

  • Total Income: Reported at Rs 12,71,177 lakh, showing a growth of 12.07% YoY compared to Rs 11,34,265 lakh in the same quarter last year, and a decline of 2.81% QoQ compared to Rs 13,07,939 lakh.
  • Interest Earned: Stood at Rs 11,00,542 lakh, an increase of 3.49% YoY from Rs 10,63,384 lakh and a decrease of 3.23% QoQ from Rs 11,37,288 lakh.
  • Net Profit: Reported at Rs 53,271 lakh, reflecting a significant turnaround from a net loss of Rs (2,23,599) lakh in the corresponding quarter last year (YoY) and an increase of 230.55% QoQ from Rs 16,116 lakh.
  • Earnings Per Share (EPS): Basic EPS for the quarter was Rs 6.84, compared to Rs (28.71) YoY and Rs 2.07 QoQ.
  • Asset Quality: Gross NPA ratio stood at 3.43% compared to 3.56% QoQ and 3.13% YoY. Net NPA ratio was 1.00% compared to 1.04% QoQ and 0.95% YoY.

Q4FY26 Consolidated Financial Highlights:

  • Total Income: Reported at Rs 12,71,908 lakh, an increase of 12.13% YoY from Rs 11,34,267 lakh and a decrease of 2.76% QoQ from Rs 13,08,008 lakh.
  • Interest Earned: Stood at Rs 11,00,542 lakh, up 3.49% YoY from Rs 10,63,384 lakh and down 3.23% QoQ from Rs 11,37,288 lakh.
  • Net Profit: Reported at Rs 59,417 lakh, a turnaround from a loss of Rs (2,32,887) lakh YoY and a growth of 364.27% QoQ from Rs 12,798 lakh.
  • Earnings Per Share (EPS): Basic EPS stood at Rs 7.63, compared to Rs (29.90) YoY and Rs 1.64 QoQ.
  • Net Worth: Reported at Rs 62,86,698 lakh as of March 31, 2026.

FY26 Standalone Financial Highlights:

  • Total Income: Rs 53,46,787 lakh for FY26, a decrease of 5.12% compared to Rs 56,35,186 lakh in FY25.
  • Interest Earned: Rs 46,25,081 lakh, a decline of 4.97% YoY from Rs 48,66,767 lakh.
  • Net Profit: Rs 93,333 lakh for FY26, a decrease of 64.69% compared to Rs 2,64,290 lakh in FY25.
  • EPS: Basic EPS for the full year was Rs 11.98 compared to Rs 33.93 in the previous year.
  • Dividend: The Board has recommended a final dividend of Rs 1.50 per equity share (15%) of Rs 10 each for the financial year ended March 31, 2026.

FY26 Consolidated Financial Highlights:

  • Total Income: Rs 53,47,987 lakh for FY26, a decrease of 5.11% from Rs 56,35,810 lakh in FY25.
  • Interest Earned: Rs 46,25,081 lakh, a decline of 4.97% YoY from Rs 48,66,766 lakh.
  • Net Profit: Rs 88,934 lakh for FY26, a decline of 65.47% compared to Rs 2,57,554 lakh in FY25.
  • EPS: Basic EPS for the full year stood at Rs 11.42 compared to Rs 33.07 in FY25.

Business Highlights:

  • Asset Quality: Consolidated Gross NPA as of March 31, 2026, was Rs 11,09,535 lakh (3.43%) and Net NPA was Rs 3,16,938 lakh (1.00%).
  • Capital Adequacy: The Capital Adequacy Ratio (CRAR) as per Basel III stood at 17.48% with a CET 1 Ratio of 16.20%.
  • Provisions: Consolidated provisions (other than tax) and contingencies for the year ended March 31, 2026, were Rs 7,96,908 lakh compared to Rs 7,13,565 lakh in the previous year.
  • Regulatory Impacts: The Bank recognized an additional impact of Rs 228.96 crore under 'Employees cost' during the quarter ended December 31, 2025, and the year ended March 31, 2026, due to the notification of 'New Labour Codes'.
  • Operational Updates: The Bank addressed discrepancies identified during the previous financial year related to derivative trades (Rs 1,959.98 crore) and MFI portfolio interest income (Rs 846.40 crore) by setting up an executive-level Project Management Group for oversight and control.
  • Network/Subsidiaries: Consolidated results include the accounts of Bharat Financial Inclusion Limited (Subsidiary) and IndusInd Marketing and Financial Services Private Limited (Associate).

Rajiv Anand, MD & CEO, IndusInd Bank said: “At IndusInd Bank, we are seeing improved growth momentum across businesses, supported by focused execution and strengthening fundamentals. In our microfinance portfolio, lower slippages during the quarter have contributed to better asset quality. We believe this reflects stronger underlying discipline and is not a one-off improvement. Our focus remains on sustaining this through prudent underwriting, calibrated risk management and consistent execution.

In Q4FY26, the Bank delivered steady operating performance, with Pre-Provision Operating Profit at Rs 2,295 crore, up 1% QoQ, and Profit After Tax at Rs 594 crore. The balance sheet remains well supported, with capital adequacy of 17.48% and strong liquidity. While geopolitical uncertainties persist, India’s growth outlook remains stable, and we remain focused on participating in this growth in a prudent and sustainable manner"

Result PDF

IT Consulting & Software company Oracle Financial Services Software announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue was Rs 2,065 crore, up 20%.
  • Operating income was Rs 1,049 crore, up 39%.
  • Net income was Rs 842 crore, up 31%.
  • Products business posted revenue of Rs 1,871 crore, up 21%.
  • Services business posted revenue of Rs 194 crore, up 11%.

FY26 Financial Highlights:

  • Revenue was Rs 7,672 crore, up 12%.
  • Operating income was Rs 3,410 crore, up 13%.
  • Net income was Rs 2,639 crore, up 11%.
  • Products business posted revenue of Rs 6,942 crore, up 12%.
  • Services business posted revenue of Rs 730 crore, up 16%.

Makarand Padalkar, Managing Director & Chief Executive Officer, Oracle Financial Services Software, said: “We are pleased to report the fiscal year results with strong growth of 12% in revenues, 13% in operating income, and 11% in net income.”

“The strategic partnerships and close synergies of our sales, marketing, and development engines position us strongly to gain market leadership. Our cloud offerings are transforming banking with embedded AI capabilities and intelligent agents. Financial institutions can now leverage an enterprisegrade suite of AI-powered applications and pre-built agents across banking, payments, analytics, risk management, compliance, lending, etc. automating critical processes, accelerating decisions, driving growth, and increasing business momentum.

Advances in AI-powered tools have significantly increased efficiency, enabling us to reorganize our engineering, consulting, and other teams into leaner and higher-performing units. These capabilities allow us to develop products and deliver offerings faster with a nimble workforce in a cost-effective manner.”

Avadhut Ketkar, Chief Financial Officer, Oracle Financial Services Software, said: “We delivered an operating margin of 51% and net margin of 41% in this quarter.”

“For the quarter, our revenues, operating income, and net income grew 20%, 39% and 31% YoY respectively. Our operating metrics are healthy. We have a strong deal pipeline with our Remaining Performance Obligations as of March 31, 2026, at Rs 7,761 crore, 9.2% higher than as of December 31, 2025. All this is a result of our innovation leadership that offers modern solutions to our customers adding value for a disciplined conduct of business.”

Result PDF

IT Consulting & Software company L&T Technology Services announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue of Rs 28,579 million for the quarter; up 8.3 % YoY and 2.5% QoQ.
  • EBIT of Rs 4,349 million for the quarter; EBIT margin at 15.2%.
  • Net Income of Rs 3,467 million for the quarter; margin at 12.1%.

FY26 Financial Highlights:

  • Revenue of USD 1,321 million for the year; up 4.9%.
  • EBIT margin at 14.1%.
  • Net Income margin at 11.3%.
  • Final Dividend of Rs 40 per share; Dividend pay-out ratio of 48% for the year.
  • ROE of 20.4% for the year.

Amit Chadha, CEO & Managing Director L&T Technology Services, said: Looking Ahead at the Technology Shifts, Consumption patterns and Business Landscape over the next 5 years, we recalibrated our portfolio to focus on profitable growth business, driven by forward-looking technologies.

For FY26, LTTS’ revenue from continuing operations delivered a growth of 8.3% at USD 1,233 million, while the total revenue (including discontinued operations) grew 5% to USD 1,321 million. The quarterly revenue reflects the conscious exit from low-margin and non-strategic businesses, which has improved the EBIT margins further to 15.2% in Q4FY26.

LTTS continued with its large deal momentum in Q4, delivering an average TCV of ~USD 200 million for the sixth consecutive quarter. FY26 recorded total large deals at USD 855 million, up 40% over the previous year. In Q4, the majority of the wins came from Mobility and Sustainability, laying a pathway for robust growth in these segments in the current fiscal.

This overall performance is driven by a sharper, more focused organization, anchored in our approach to Engineering Intelligence (EI), where engineering converges with AI and digital technologies to deliver higher-value solutions and differentiated outcomes for our clients. We are doubling down across technology, industrial and manufacturing while consolidating our positioning as a global Engineering Intelligence partner.

We surpassed the 235 count in AI patent filings, taking our total patent portfolio to over 1,700. LTTS has also strengthened its partnership with MIT Media Labs to explore and incubate forward looking technologies such as Multimodal AI, Multisensory Intelligence, Signal Kinetics and Personal Robotics.

Under the 5-year Lakshya 31-Plan, LTTS will align all decisions around a 5-vector Growth framework and sharpen its focus on Six Large Technology Bets, including EI, which will further accelerate momentum across its three segments - Mobility, Sustainability and Tech. We remain cautiously optimistic in the near term, and as part of the Lakshya plan, we aspire to deliver 13 – 15% CAGR over the next 5 years with EBIT margins in the range of 16 – 17%.

We are pleased to announce a final dividend of 40 per share, representing a dividend pay-out ratio of 48% for the year and thank all our stakeholders for their constant encouragement and belief in us.

Result PDF

Telecom Services company Tata Communications announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Gross Revenue: Rs 6,554 lakh against Rs 5,990 lakh during Q4FY25, change 9%.
  • EBITDA: Rs 1,284 lakh against Rs 1,122 lakh during Q4FY25, change 14%.
  • EBITDA Margin: 19.6% for Q4FY26.
  • PAT: Rs 263 lakh against Rs 761 lakh during Q4FY25, change -65%.
  • PAT Margin: 4% for Q4FY26.

FY26 Financial Highlights:

  • Gross Revenue: Rs 24,803 lakh against Rs 23,109 lakh during FY25, change 7%.
  • EBITDA: Rs 4,822 lakh against Rs 4,569 lakh during FY25, change 6%.
  • EBITDA Margin: 19.4% for FY26.
  • PAT: Rs 1,044 lakh against Rs 1,625 lakh during FY25, change -36%.
  • PAT Margin: 4.2% for FY26.

Ganesh Lakshminarayanan, MD & CEO Designate, Tata Communications, said: “Q4 has been a strong quarter with our digital portfolio continuing to drive data growth. Our balance sheet strengthened further, with net debt-to-EBITDA improving to below 2x. This quarter, we had some interesting deal wins around network transformation, multi-cloud connectivity and employee interaction capabilities for enabling GCCs. These reflect the inherent strength of Tata Communications’ ability to serve global enterprises through a unified, scalable digital infrastructure for the AI era. This, along with our benchmark NPS scores positions us as truly global Communications Technology player in the making.”

Result PDF

IT Consulting & Software company Tata Elxsi announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue from operations: Rs 99,375.12 lakh against Rs 90,833.56 lakh during Q4FY25, change 9%.
  • PBT: Rs 26,777.25 lakh against Rs 22,144.85 lakh during Q4FY25, change 21%.
  • PAT: Rs 22,035.13 lakh against Rs 17,241.85 lakh during Q4FY25, change 28%.
  • EPS: Rs 35.37 for Q4FY26.

FY26 Financial Highlights:

  • Revenue from operations: Rs 3,75,742.37 lakh against Rs 3,72,904.83 lakh during FY25, change 1%.
  • PBT: Rs 82,510.91 lakh against Rs 1,02,840.4 lakh during FY25, change -20%.
  • PAT: Rs 62,843.03 lakh against Rs 78,493.68 lakh during FY25, change -20%.
  • EPS: Rs 100.89 for FY26.

Manoj Raghavan, CEO & Managing Director, Tata Elxsi, said: “For Q4FY26, Tata Elxsi reported operating revenue of Rs 993.8 crores and PBT margin at 25.6%. We ended FY26 with a revenue of Rs 3,757.4 crores and PBT margin of 23.4%. The company registered a healthy QoQ growth of 4.2%.

Our Media & Communications business, which accounted for 32.7% of revenue during the quarter, registered a strong growth 5.6% QoQ in constant currency terms over the previous quarter. This growth was led by continued deal ramp-ups, a strategic deal for AdTech and a Tier 1 US Telco win. In the quarter, we also won a multi-year large deal from a world-leading device OEM for its portfolio of video and broadband products. This strategic deal reinforces Tata Elxsi’s position as a global leader in device engineering for media and telecom.

In our transportation business, while our revenues in Q4FY26 consolidated after a strong 7.3% QoQ constant currency in Q3FY26, we are delighted with two strategic wins – one in APAC region from a new-age OEM, and another from the US from a next-generation mobility services company. These multi-year deals underscore the pivot towards SDV and OEM business, with OEM business now representing 77% of overall revenues for our transportation business.

During the quarter, we launched an Offshore Development Centre for Terumo, the Japanese MedTech leader, to accelerate innovation and development of cardiac and vascular medical devices. This center brings together multi-disciplinary teams across design, engineering and software, enhanced by the latest AI and GenAI-powered technologies, to help Terumo bring next-gen medical technologies to global and emerging markets.

During FY26, Tata Elxsi accelerated its enterprise-wide GenAI adoption, marked by the launch of DevStudio.ai and partnerships with leading AI companies, to embed AI responsibly across engineering, design, and delivery. With strong governance around data security, IP protection, and compliance, these initiatives are scaling beyond pilots to deliver measurable productivity gains, faster time-to-market, and improved customer outcomes. By combining domain-led AI, talent enablement, and platform-based accelerators, Tata Elxsi is strengthening its innovation quotient, long-term competitiveness, depth of client engagements, and margin expansion.

I am pleased with our sustained and strong operational performance through segment-leading offshore delivery, a continued transition to fixed-bid project ownership, and the systematic and enterprise-wide adoption of AI-enabled efficiencies. These levers strengthened execution discipline and productivity, driving consistent margin improvement through the year.

We closed the financial year with a consistent performance, reflecting improved execution, disciplined cost management, and continued confidence from our global customers. Growth traction across our core verticals, supported by increasing large deal wins, strong customer additions, and sustained investments in AI-led platforms and digital engineering, positions us well for the year and beyond. As we enter the next financial year, we remain focused on scaling our differentiated design-led and AI-enabled offerings, strengthening operational leverage, and driving sustainable growth and healthy margins.”

Result PDF

Capital Markets company 360 One Wam announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue from operations: Rs 835 crore against Rs 652 crore during Q4FY25, change 28%.
  • PBT: Rs 363 crore against Rs 324 crore during Q4FY25, change 12%.
  • PAT: Rs 292 crore against Rs 250 crore during Q4FY25, change 17%.

FY26 Financial Highlights:

  • Total Revenue increased by 18.6% YoY to Rs 3,144 crore driven by strong growth in ARR AUM and retentions.
  • Revenue from Operations was Rs 3,066 crore - an increase of 25.4% YoY.
  • ARR revenue was Rs 2,289 crore - an increase of 34.5% YoY.
  • Combined ARR retention improved to 78 basis points (bps) vis-à-vis 73 bps in FY25. Within that, Wealth Management retention was at 76 bps, while Asset Management retention was at 83 bps.
  • Consolidated Profit After Tax was Rs 1,225 crore - an increase of 20.7% YoY as against Rs 1,015 crore for FY25.
  • Tangible net worth stood at Rs 6,722 crore. Tangible Return on Equity was at 19.3%.

Business Highlights:

  • Assets under Management for 360 ONE stood at Rs 6,74,492 crore, consisting of ARR AUM of Rs 3,11,940 crore and Transactional / Brokerage AUM of Rs 3,62,552 crore.
    • Wealth Management: ARR AUM rose to Rs 2,16,734 crore ( 33.4% YoY) supported by net flows across segments. 360 ONE Plus proposition saw growth of 36.7% YoY, while Distribution and Lending businesses grew by 30.9% YoY and 37.1% YoY respectively. Overall, it manages assets for 8,500 families and corporates.
    • Asset Management: ARR AUM increased to Rs 95,206 crore ( 12.8% YoY) driven by net flows across Private Equity ( 13.2% YoY), Credit & Hybrid ( 26.7% YoY) and Real Assets ( 67.2%) segments. FY26 marked a step-up in global and domestic institutional relationships, with engagement across the alternate strategies' platform

Result PDF

IT Consulting & Software company Persistent Systems announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue from operations: Rs 40,559.4 million against Rs 32,421.12 million during Q4FY25, change 25%.
  • PBT: Rs 6,739.8 million against Rs 5,052.08 million during Q4FY25, change 33%.
  • PAT: Rs 5,292.6 million against Rs 3,957.6 million during Q4FY25, change 34%.
  • EPS: Rs 33.83 for Q4FY26.

FY26 Financial Highlights:

  • Revenue from operations: Rs 1,47,484.5 million against Rs 1,19,387.2 million during FY25, change 24%.
  • EBIT: Rs 23,034.7 million against Rs 17,512.6 million during FY25, change 32%.
  • PBT: Rs 24,112.1 million against Rs 18,223.1 million during FY25, change 32%.
  • PAT: Rs 18,651.2 million against Rs 14,001.6 million during FY25, change 33%.
  • EPS: Rs 119.74 for FY26.

Anand Deshpande, Founder, Chairman & Managing Director, Persistent, said: “Our approach has consistently been to build capabilities ahead of demand. Over the past 36 years, we have invested in strengthening our engineering depth and data foundations, which are now finding greater application as AI adoption scales across enterprises. These investments are leading to deeper client relationships and a more meaningful role in how our clients are reshaping their businesses in the context of AI. We will continue to build and adapt our capabilities as the market evolves, with the same long-term discipline.”

Sandeep Kalra, Chief Executive Officer & Executive Director, Persistent, said: “We delivered 17.4% YoY revenue growth in FY26, with an EBIT margin of 15.6%. I am pleased to share that we have declared a full-year dividend of Rs 40 per share. Q4FY26 marked our 24th sequential quarter of growth, reflecting the consistency of our execution and alignment to client demand in a market being shaped by AI. As AI adoption accelerates, our AI-first strategy is strengthening our operating model and improving the quality and scale of delivery across the business.

Our growth momentum continues to be recognized in the market, with Brand Finance naming Persistent the fastest-growing IT services brand globally in 2026.

We are deeply grateful to our employees for their unwavering commitment, and to our clients, partners, and shareholders for their continued trust and belief, enabling our progress.”

Result PDF

YES Bank announced Q4FY26 & FY26 results

  • Q4FY26 NII at Rs 2,638 crore, up 15.9% YoY & 7.0% QoQ. FY26 NII at Rs 9,776 crore up 9.3% YoY.
  • NIM for Q4FY26 at 2.7% up 20 bps YoY and up 10 bps QoQ, aided by lower cost of deposits and reduction in balances of PSL shortfall deposits. FY26 NIM at 2.6% up 20 bps Yo-Y.
  • Non-Interest Income at Rs 1,730 crore, up 6.0% QoQ. FY26 Non-Interest Income at Rs 6,759 crore up 15.4% YoY.
  • Strong cost control by the Bank enabled restricting Operating Costs growth- at Rs 2,750 crore, up only 1.8% YoY and down 4.0% QoQ. FY26 Operating Costs at Rs 11,029 crore grew only 4.6% YoY.
  • Non-tax Provision Costs at Rs 188 crore down 41.0% QoQ. FY26 Non-tax Provisions at Rs 912 crore down 16.0% YoY.
  • Operating Profit for Q4FY26 at Rs 1,618 crore, up 23.1% YoY & 31.2% QoQ. FY26 Operating Profit at Rs 5,506 crore up 29.4% YoY.
  • Net Profit for Q4FY26 at Rs 1,068 crore, up 44.7% YoY & 12.3% QoQ. FY26 Net Profit at Rs 3,476 crore up 44.5% YoY.
  • Q4FY26 RoA at 1.0% vs 0.7% in Q4FY25 & 0.9% in Q3FY26. FY26 RoA at 0.8% vs 0.6% in FY25.
  • RoE at 8.4% for Q4FY26, vs 6.2% in Q4FY25 and 7.7% in Q3FY26. FY26 RoE at 7.0% vs 5.2% in FY25.
  • Net Advances at Rs 2,73,445 crore, registered growth of 11.1% YoY and 6.2% QoQ, driven by acceleration across business segments.
  • Retail Assets Disbursement, up ~41% YoY.
  • Corporate & Institutional Banking Advances up 19.7% YoY; Commercial Banking Advances up 14.5% YoY; Retail Banking Advances up 4.7% YoY.
  • C/D ratio at 85.7% vs 86.5% in Q4FY25 and 88.0% in Q3FY26.
  • Total Deposits at Rs 3,18,969 crore grew 12.1% YoY & 9.0% QoQ with continued outperformance in CASA Deposits.
  • CASA Deposits at Rs 111,959 crore grew 14.9% YoY; CASA AQB (Avg. Quarterly Balance) growth was also strong at 11.2% YoY.
  • CASA Ratio at 35.1% vs 34.3% in Q4FY25 and 34.0% in Q3FY26.
  • CA balances grew 20.8% YoY and 28.2% QoQ.
  • SA balances grew 10.1% YoY and 1.6% QoQ.
  • Average Quarterly LCR during the quarter remains healthy at 119.0%.
  • CET I Ratio stands at 13.8% vs 13.5% in Q4FY25 and 13.9% in Q3FY26.
  • RWA to Total Assets at 69.7% vs 71.3% in Q4FY25 and 73.9% in Q3FY26.
  • PSL shortfall Deposits at Rs 27,931 crore - lower 24.5% YoY and 4.4% QoQ, now account for 6.0% of Total Assets; consequently, Borrowings down 9.4% YoY.
  • Asset Quality:
    • GNPA Ratio at 1.3% in Q4FY26, down 30 bps YoY and 20 bps QoQ.
    • NNPA Ratio at 0.2% in Q4FY26, down 10 bps both YoY and QoQ.
    • PCR at 81.9% in Q4FY26 vs 79.7% in Q4FY25 and 83.3% in Q3FY26.
    • Net Credit Costs for the quarter stood 0.2% of Avg. assets for the quarter vs 0.3% Q4FY25. FY26 Credit Costs restricted to 0.2% vs 0.3% in FY25.
    • Gross Slippages for Q4FY26 at Rs 1,102 crore (1.6% of Advances) vs Rs 1,050 crore (1.6% of Advances) in Q3FY26.
    • Retail Banking Slippages at their lowest in the past 9 quarters at Rs 888 crore (2.8% of Advances) vs Rs 1,026 crore (3.4% of Advances) in Q3FY26.
    • Recoveries & Upgrades for Q4FY26 at Rs 1,547 crore & Rs 4,795 crore for FY26, incl. P&L gain from Security Receipts of Rs 446 crore for Q4FY26 & Rs 1,559 crore for FY26.

Result PDF

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