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These terms and conditions ("WhatsApp Terms and Conditions" as amended from time to time) are applicable to the Customers (defined hereinafter) that avail the Services (defined hereinafter) provided thereon by ICICI Securities Limited ("ICICI Securities") on the WhatsApp platform.

The WhatsApp Terms and Conditions shall be in addition to any other terms and conditions as stipulated by the ICICI Securities from time to time on its website (www.icicidirect.com) whether pertaining to the account or in relation to other products, services or facilities provided by ICICI Securities.

Any services that may be offered to the customer through the WhatsApp platform ("WhatsApp") is at the discretion of the ICICI Securities and/or basis the eligibility criteria of a customer and such services are subject to certain terms and conditions. In case of conflict between any of these WhatsApp Terms and Conditions and the terms and conditions for other services provided on the WhatsApp channel, specific terms and conditions of such services shall prevail.

Further, in case of inconsistency between the WhatsApp Terms and Conditions and any specific terms and conditions pertaining to account or any specific service/product/offer, the specific terms and conditions of that particular service/product/offer shall prevail.

1. DEFINITIONS

"Trading Account" refers to the trading account maintained by the Customer with ICICI Securities.

"Trading Account Related Services" shall mean the Services which pertain to information in relation to the Trading Account maintained with ICICI Securities by customer including but not limited to portfolio valuation, stock quote, order details, trade details etc which are enabled by ICICI Securities, from time to time, at its sole discretion.

"Registered ICICI Securities Number" is the authorized number of ICICI Securities, registered with WhatsApp for the purposes of providing Services herein.

"Customer" shall mean any person holding Trading Account or any prospective customer with ICICI Securities and interacting with ICICI Securities on WhatsApp using the Registered ICICI Securities Number / using the Services provided by ICICI Securities through WhatsApp. "Customer Information" refers to the personal data or information or such other data or information including any sensitive personal data in relation to the Customer such as information in relation to the trading account of the Customer, shared by the Customer or provided to the Customer by ICICI Securities or collected or obtained from the Customer or from WhatsApp or from any such source in the course of the Customer availing the Services hereunder.

"One Way Communication" shall mean the service provided by ICICI Securities to the Customer on WhatsApp where ICICI Securities sends its Customer one-way messages through its Registered ICICI Securities Number in the nature of information, alerts, updates, transaction alerts in relation to the Customer's Trading Account and such other communications as ICICI Securities may enable from time to time, at its discretion.

"Privacy Policy/Privacy Commitment" shall have the meaning as ascribed on the Website; "Service(s)" shall mean the One Way Communication and Two Way Communication services provided by ICICI Securities by itself or through any of its service providers, to a Customer on WhatsApp.

"Two Way Communication" shall mean the service provided by ICICI Securities to the Customers on WhatsApp where the Customer can communicate with ICICI Securities by sending it messages in the form of making requests, seeking information, asking queries etc. on the Registered ICICI Securities Number and where ICICI Securities responds to such messages. However, this service and ICICI Securities responses shall be limited only to such queries, information, requests etc. as may be determined by ICICI Securities from time to time, at its sole discretion.

"WhatsApp" is the application provided by WhatsApp Inc. 1601 Willow Road, Menlo Park, California 94025.

2. INTERPRETATION

All references to singular include plural and vice versa and the word "includes" should be construed as "without limitation".
Words importing any gender include the other gender. 'We/us' refers to ICICI Securities and 'You/yours' refer to the customer using the WhatsApp facility.
Reference to any statute, ordinance or other law includes all regulations and other instruments and all consolidations,amendments, re-enactments or replacements for the time being in force.
All headings, bold typing and italics (if any) have been inserted for convenience of reference only and do not define limit or affect the meaning or interpretation of these Terms and Conditions.
Reference to any law or legislation, regulation, rule shall mean, applicable, constitution, statute, law, rule, regulation, ordinance, judgment, order, decree, authorisation, or any published directive, guideline, notice, requirement or governmental restriction, having the force of law in any jurisdiction and include laws as amended from time to time.

3. PURPOSE

This WhatsApp platform serves as a supplementary medium through which we can communicate with you and provide Services and further enable certain services as ICICI Securities may decide in its sole discretion.

4. ELIGIBILITY FOR USING THE SERVICES

The Customer hereby agrees and undertakes that he/she shall use the Services only if he/she fulfills the eligibility as given below:

The Customer is an individual and is a major;
The Customer is a Guardian of a minor;
The Customer is of sound mind, solvent and competent to contract;
The Customer is a resident of India and is present in the territory of India at the time of utilization of the Services;
The Customer is a non-resident India (NRI) or is residing outside India.
The Customer is Principal Authorised Signatory of the Non Individual Account.

5. APPLICABILITY OF WHATSAPP TERMS AND CONDITIONS

These WhatsApp Terms and Conditions form a contract between the Customer and ICICI Securities. The Customer shall apply to ICICI Securities in the prescribed manner for availing of the Services. By applying and opting in for the Services, the Customer acknowledges that he has read, understood and accepted these WhatsApp Terms and Conditions and other specific terms and conditions as pertaining to the Account and any other products/offers/facilities and services availed by the Customer whether or not through WhatsApp.

No act, delay or omission by ICICI Securities shall affect its rights, powers and remedies under these Terms and Conditions and other terms on ICICI Securities website (www.icicidirect.com), hereinafter referred to as "Website".

The Customer hereby accepts and agrees that all Services and communications (both One Way Communication and Two Way Communication) taking place on WhatsApp, initiated either by ICICI Securities or the Customer, will be governed by and subject to these WhatsApp Terms and Conditions. Further, the Customer hereby agrees that the Customer grants express authority to ICICI Securities for carrying out the Services requested by the Customer on WhatsApp on its Registered ICICI Securities Number. Provided however that ICICI Securities shall not be required to authenticate the Customer, if any request for the Services comes on WhatsApp to ICICI Securities Registered Number, and in case of a Customer, if the number reflected in the requestor's mobile is a Customer's Registered Number, ICICI Securities shall be entitled to presume that it is the Customer itself which is interacting through WhatsApp and in case of any other Customer ICICI Securities shall be entitled to presume that the number reflected in the WhatsApp profile is the Customer's number and it is the Customer itself and not any other person who is interacting with ICICI Securities Registered Number. ICICI Securities's own record or log of transactions maintained through computer systems or otherwise shall be accepted as conclusive and binding for all purposes.

6. SERVICES

The Customer agrees and accepts that ICICI Securities reserves the right to provide only such Services as ICICI Securities may at its discretion permit from time to time. ICICI Securities may also inform/update the availability/non-availability of any particular Service, at its sole discretion. The Customer hereby agrees that ICICI Securities may at any time, without notice to the Customer, modify, discontinue or make additions/deletions to the Services offered to the Customer. The Customer agrees that he shall not hold ICICI Securities responsible for not responding to the queries of/ information sought by the Customer or not providing a response to the satisfaction of the Customer or not processing any request of the Customer, in case such a message sent by the Customer in case ICICI Securities does not receive an instruction to this effect in its systems or the message sent by the Customer is not in the format as required by ICICI Securities or does not fall under the Services being offered by ICICI Securities at the time or ICICI Securities does not receive such a message for technical reasons or otherwise or for any reason whatsoever. ICICI Securities will have no liability in case of any fraud or impersonation incidents through the WhatsApp platform. Further, in case ICICI Securities permits any Service in the nature of a transaction, the Customer agrees that such a Service shall be subject to statutory/ regulatory limits and/or any limits that may be imposed by ICICI Securities, from time to time, at its sole discretion.

7. REGISTRATION AND VERIFICATION

For availing the One Way Communication and Two Way Communication service, the Customer agrees and confirms to have accepted (a) the WhatsApp Terms and Conditions applicable to the Customer for availing the Services mentioned herein; (b) the Privacy Policy of ICICI Securities applicable to the Customer for availing the Services mentioned herein; (c) any other Account/product/service/offer related specific terms and conditions as applicable and (d) all terms and conditions prescribed by WhatsApp for using its platform.

Provided that, ICICI Securities may modify the process for authentication, registration and/or verification of the Customer, for One Way Communication and/or Two-Way Communication, at any time, at its sole discretion.

8. UNSUBSCRIBE

You may choose/request for de-registration/un-subscription of the Services at any point of time by following the process as may be prescribed by ICICI Securities from time to time. Currently ICICI Securities provides the following channels for un-subscription:

Our Website: Visit the WhatsApp un-subscription section on our Website. Enter your mobile number. Enter the OTP received on your registered mobile number and submit.
Missed Call/ SMS to a specific number as updated on the Website.
Send 'STOP' keyword on the WhatsApp platform.

However, the Customer agrees that for this to come into effect, it may take such time as may be required by ICICI Securities. The Customer agrees that he will remain responsible for any requests made/ messages sent to ICICI Securities using the Services prior to the time such cancellation of the Services is effected by ICICI Securities. ICICI Securities will be at liberty to discontinue/ suspend/ terminate the Customer's use of the Services at any time without assigning any reason whatsoever. ICICI Securities may also discontinue or suspend or terminate Services/ facilities without prior notice if these Terms and Conditions are breached.

Once we have received the notification that you have unsubscribed, we will no longer process your information for the purpose(s) you originally agreed to and sent any further notification/message through WhatsApp, unless legally permissible otherwise.

9. IMPORTANT

The Customer shall apply to ICICI Securities for use of the Services (and/or for any changes to the options available under the Services) in such manner and through such modes as may be specified and made available by ICICI Securities from time to time including but not limited to application through forms as prescribed by ICICI Securities, 24-Hour customer care number, SMS if and when made available as permitted modes by ICICI Securities for use of the Services through the WhatsApp platform.
ICICI Securities in its sole discretion shall decide the devices, software platforms, versions, networks, methods, and data services that will be supported by the WhatsApp platform for providing these Services. Any attempts to modify unsupported versions for use in the WhatsApp platform will be treated an unauthorized use and violation ("Unauthorized Use") of these WhatsApp Terms and Conditions. The Services through the WhatsApp platform shall be suspended with immediate effect if there is Unauthorized Use by the Customer.
The Customer agrees that the Customer shall be responsible for upgrading any software, hardware and the operating system at his/her own cost from time to time so as to be compatible to continue to avail the Services offered by ICICI Securities. ICICI Securities shall be at liberty to change, vary or upgrade its software, hardware, operating systems, etc. from time to time and shall be under no obligation to support the software, hardware, operating systems used by the Customer and that the same shall be the Customer's sole responsibility. Some Services may not work on an outdated platform and hence it is Customer's sole responsibility to ensure timely upgradation of the WhatsApp platform.
By subscribing to Services on WhatsApp platform, the Customer agrees to get notifications via WhatsApp including account information, transaction details, and other services/communications. Customer also agrees to receive notifications including offers, new product features, any other important notification sent by ICICI Securities from time to time etc. on the Registered Customer Number via WhatsApp.
The Customer agrees that any Trading Account related Services at the discretion of ICICI Securities shall be provided to the Customers through WhatsApp platform only to a WhatsApp account associated with the Registered Customer Number.
The Customer is aware that it may not be possible for ICICI Securities to give detailed information on the Service/functionalities. ICICI Securities shall not be responsible or liable to you or any third party for the consequences arising out of or in connection with using of this Service or with respect to the limited information provided by ICICI Securities on WhatsApp. In case the Customer requires further information, Customer can reach out to ICICI Securities either in the nearest branch, on ICICI Securitiess Customer Care number or through any other channels provided by ICICI Securities.
The responses sent by ICICI Securities on WhatsApp platform (either for One Way Communication and/or Two Way Communication) are based on a program running at back-end. This program has been developed and regularly enhanced to handle the queries in best possible manner. However, for any answers that the Customer may not find satisfactory or for any inaccuracies arising therefrom, ICICI Securities shall not be held responsible. The Customer may call Customer Care number or email at headservicequality@icicidirect.com or nri@icicidirect.com or visit www.icicidirect.com in case of any clarifications.
The Customer agrees that ICICI Securities and / or its affiliates may hold and process the Customers personal information concerning the account/s on computer or otherwise in connection with the WhatsApp facility. You agree and consent that we may collect, store, use and/or disclose your personal data for the Services as detailed on our Website. The Customer also agrees ICICI Securities may disclose, in strict confidence, to other institutions, its service providers, such information as may be reasonably necessary for reasons inclusive of but not limited to the participation in any telecommunication or electronic clearing network, in compliance with legal directive and for fraud prevention. The Customer using the WhatsApp facility authorizes ICICI Securities to collect and use technical information about the equipment and related software, hardware and peripherals and any data and information stored in the equipment, whether internet-based or wireless, to improve ICICI Securities products and to provide services to the Customer.
All records of ICICI Securities generated by the transactions arising out of use of the Services through the WhatsApp platform, including the time of the transaction recorded shall be conclusive proof of the genuineness and accuracy of the transactions.
Where ICICI Securities considers the instructions to be inconsistent or contradictory with any past instructions or any simultaneous instructions provided by Customer to ICICI Securities through other channels provided by ICICI Securities it may seek clarification from the Customer before acting on any instruction of the Customer or act upon any such instruction as it may deem fit. ICICI Securities shall have the right to suspend the Services if ICICI Securities has reason to believe that the Customer's instructions may lead to direct or indirect loss or may require an indemnity from the customer.
The Customer accepts that all information /instructions will be transmitted to and /or stored at various locations and be accessed by personnel of ICICI Securities (and its affiliates) or its service providers.
On the Customer opting in for the Services through the WhatsApp platform, ICICI Securities has the discretion to stop sending these alerts on SMS or any other channel.
The Customer is responsible for keeping security safeguard of his WhatsApp account linked to the mobile number.
The Customer understands that using WhatsApp application may carry extra risks and may not be secured. Further any message and information exchanged is subject to the risk of being read, interrupted, intercepted, or defrauded by third party or otherwise subject to manipulation by third party or may involve delay in transmission. ICICI Securities shall not be responsible or liable to the customer or any third party for the consequences arising out of or in connection with using of this Service.
The Customer understands that mobile phones are vulnerable to the threats such as but not limited to -
- Access by intruders to the data /information
- Identity theft
- Privacy violations
- Planting of stealth software and viruses
- Disablement or distortion of operations
- Interception of the transmission of encrypted data/message etc.
- The Customer shall immediately notify ICICI Securities in writing if Customer discovers/ suspects unauthorized access.

ICICI Securities shall not be responsible or liable to the Customer or any third party for the consequences arising out of or in connection with using of this Service. The Customer should immediately opt-out of the Services as per the unsubscribe process as detailed in section 8 above.

The Customer is aware that using mobile applications involves many uncertain factors and complex software, hardware, systems, etc. which are susceptible to interruptions and dislocations. ICICI Securities does not make any representation or warranty that the WhatsApp facility/service will be available at all times without any interruption and further that ICICI Securities shall not be responsible for any variation, reduction or imposition of the terms or the customers inability to use the mobile application.
The Customer is aware that authenticated technologies and strict security measures are required for using mobile applications. Customer undertakes to ensure that the password is not revealed to any third party including ICICI Securities officials or any unauthorized person. Customer shall be solely responsible for all the communication exchanged between customer and ICICI Securities while logging into this service.
Under no circumstances shall ICICI Securities, or its officials, employees, be liable for any direct, indirect, punitive, incidental, special, or consequential damages that result from the use of, or inability to use, this service or for receipt of any answer provided by ICICI Securities program running at the back-end.
The Customer agrees that the Customer shall not have any claim against ICICI Securities on account of any suspension, interruption, non-availability or malfunctioning of the WhatsApp service due to any link/mobile/system failure at ICICI Securities end for any reason thereof.
The Customer shall not reproduce, copy, or redistribute for commercial purposes any materials or design elements of this WhatsApp service.
The Customer shall ensure appropriate data network connection. Receipt of messages by Customer shall be subject to the data network connection and ICICI Securities shall not be held responsible for any delay or non-receipt of the responses at WhatsApp channel.
The Customer shall not submit or transmit any content through this WhatsApp channel that is:
- Obscene, Vulgar, or Pornographic, immoral, illegal, illicit, unethical etc.
- Encourages the commission of a crime or violation of any law.
- Violates any law in India and/or the jurisdiction in which customer resides.
- Infringes the intellectual or copyrights of ICICI Securities or a third party.
- Constitute confidential information and/or personal or sensitive information/data belonging to the Customer or any third person.
ICICI Securities reserves the right to remove or otherwise delete any content or submissions made by the Customer that violates the rules or which are inappropriate, as per ICICI Securities's sole discretion, without any liability or giving warning to the Customer.
All instructions for availing the services under the WhatsApp facility shall be provided through the Registered Customer Number in the manner indicated by ICICI Securities. The Customer is also responsible for the accuracy and authenticity of the instructions provided to ICICI Securities and the same shall be considered to be sufficient for availing of the services under the WhatsApp facility. The alerts would be sent on the mobile phone number, last registered with ICICI Securities.
The Customer agrees that if he/she notices any error in any information supplied to the Customer by the use of any of the Services, the Customer shall inform ICICI Securities of the same, as soon as possible. ICICI Securities will endeavor to correct the error promptly. The Customer agrees that all outputs of statements that may appear on WhatsApp, upon making a request to that effect, are information extracted from a computerized back up system maintained by ICICI Securities and may not be continuously be updated in real time. ICICI Securities shall provide the information as may be last updated on the systems of ICICI Securities. While ICICI Securities will take all reasonable steps to ensure the accuracy of the statement, ICICI Securities is not liable for any error and shall not hold ICICI Securities responsible for any loss incurred or action taken by the Customer by relying on such information.
The Customer agrees that the responses received by the Customer from ICICI Securities are based on program running at backend. This program has been developed and regularly enhanced to handle the queries in best possible manner. However, for any inappropriate/inaccurate answers or any answers that the Customers may not find satisfactory, ICICI Securities shall not be held responsible.
It is recommended for Customers who have subscribed to this WhatsApp service to delete WhatsApp application when changing their device so as to ensure there is no misuse of the same.
That all the Services provided to the Customer are subject to applicable law and the rules, regulations, notifications, circulars and guidelines introduced or amended from time to time by Securities & Exchange Board of India and/or any regulatory/ statutory/ governmental authority.
ICICI Securities has the right to retract the Customer's right to utilize the Service anytime it deems fit without any notice to the Customer.
The Customer hereby acknowledges that he is availing the Service(s) at his own risk and the Customer shall not hold ICICI Securities responsible or liable for any of the risks including but not limited to the following:
- Password misuse- The Customer acknowledges that if any third person obtains access to the Customer's device or SIM card or the Customer's WhatsApp, such third party may be in a position to access Customer information including Trading Account related information of the Customer, which may be confidential in nature.
- Mistake/Error- the Customer acknowledges that the Customer may be sent responses or shown information which may not be applicable to him/her or may not be sent a satisfactory response, and the Customer agrees that in such a scenario ICICI Securities shall not be liable for any loss to the Customer in this regard. The Customer shall therefore take all care to ensure that there are no mistakes and errors and that the message sent/ request made/ query asked by the Customer to ICICI Securities in this regard is error free, accurate, proper and complete at all points of time. The Customer agrees that ICICI Securities is providing the Services at the Customer's sole risk. The Customer agrees that ICICI Securities shall not be liable for any loss, damages or consequences whatsoever arising due to any erroneous or incomplete information or any delay in executing the instructions for reasons beyond the control of ICICI Securities. The Customer shall be liable and responsible to ICICI Securities and accede to accept ICICI Securities's instructions without questions for any unfair or unjust gain obtained by him in the course of availing of the Services.
- It may also be possible that the site of ICICI Securities may require maintenance or is otherwise down or there is a technical failure and during such time it may not be possible to process the request of the Customers. This could result in delays in the processing of instructions or failure in the processing of instructions and other such failures and inability. The Customer understands that ICICI Securities disclaims all and any liability, whether direct or indirect, whether arising out of loss of profit or otherwise arising out of any failure or inability by ICICI Securities to honour any Customer instruction for whatsoever reason. The Customer unequivocally and unconditionally understands and accepts that ICICI Securities shall not be responsible for any of the aforesaid risks. The Customer also accepts that ICICI Securities shall disclaim all liability in respect of the said risks.
The Customer agrees that the Registered ICICI Securities Number on the WhatsApp platform cannot be used for grievance redressal or reporting fraud as of now, ICICI Securities will have no liability on reporting of such incidents received through WhatsApp. The Customer may call Customer Care number or email at headservicequality@icicisecurities.com or visit www.icicidirect.com in case of any clarifications.
These WhatsApp Terms and Conditions may be withdrawn, superseded or modified at any time whatsoever, by ICICI Securities without any prior notice.

10. THIRD PARTY

WhatsApp is owned by a third-party unaffiliated with ICICI Securities. The Customer shall independently be guided by the privacy policies of WhatsApp and the third parties or group companies of WhatsApp and ICICI Securities has no control over them. ICICI Securities is not responsible for the privacy or security policies at these sites or other third-party sites that may be linked to within ICICI Securities's social media channels. The Customer should always review the privacy and security practices and policies of each third-party site you visit. ICICI Securities does not endorse and is not responsible for any ads, content, products, advice, opinions, recommendations or other material of third-party sites that may be promoted via advertising within any social media channels.

The Customer further understands and agree that WhatsApp or any other service provider through which we are providing the WhatsApp facility can review and monitor, store the contents shared/communicated through the WhatsApp or other service provider(s) and may share the same with third parties.

Hence, we strongly recommend that you:

Never share privacy-sensitive details via WhatsApp messages/ through the WhatsApp facility.
That we will not send messages of our own accord this way and will only respond to the messages sent to us except for any important communication and awareness messages.
Not to contact us through the WhatsApp channel for complaints, grievances or similar important matters.

11. DISCLAIMER OF LIABILITY

ICICI Securities shall not be responsible for any failure on the part of the Customer to utilize the WhatsApp facility due to the Customer not being within the geographical range within which the WhatsApp facility is offered and which forms part of the roaming network of such cellular service provider, providing services to the Customer availing such roaming facility from the respective cellular service provider. If the customer has reason to believe that the mobile phone number is / has been allotted to another person and / or there has been an unauthorized transaction in the account and / or his mobile phone handset is lost, he shall immediately inform ICICI Securities of the same.

The Customer agrees that ICICI Securities shall not be liable if:

the Customer has breached any of the terms and conditions, contained herein or
the Customer has contributed to or the loss is a result of failure on part of the Customer to advise ICICI Securities within a reasonable time about unauthorized access of or erroneous transactions by use of the Services; or
as a result of failure on part of the Customer to advise ICICI Securities of a change in or termination of the Customer's mobile phone numbers/SIM ("Subscriber Identity Module") cards.
there has been an unauthorized transaction/instruction provided through the WhatsApp channel as a result of any person having control or custody of telecommunications instrument (such as the mobile handset) so that such instrument may be used to give telecommunications instruction without authorization or any other issue/default/error/technological problem in the telecommunication instrument (such as the mobile handset) or duplication of mobile number / SIM of the Customer such as but not limited to SIM card cloning, virus in handset etc.

ICICI Securities shall endeavor to provide the WhatsApp facility on a best effort basis and the Customer shall not hold ICICI Securities liable for non-availability of the WhatsApp facility or non-performance by service providers, if any, engaged by ICICI Securities or any loss or damage caused to the Customer as a result of use of the WhatsApp facility for causes which are not attributable to ICICI Securities. ICICI Securities shall not be liable in any manner to the Customer in connection with the use of the WhatsApp facility.

ICICI Securities shall endeavor to carry out the instructions received from the Customer through the WhatsApp channel promptly, provided that ICICI Securities, shall not be responsible for the delay in carrying out such instructions due to any reason whatsoever, including, but not limited to, failure of operational system or any requirement of law or ICICI Securities's internal policies.

The Customer accepts that each WhatsApp communication may contain certain account information relating to the Customer. The Customer authorizes ICICI Securities to send account related information, though not specifically requested, if ICICI Securities deems that the same is relevant.

ICICI Securities shall not be held responsible for the confidentiality, secrecy and security of the personal or account information being sent through the WhatsApp facility. The Customer agrees that the access to the WhatsApp facility shall be only through the Registered Customer Number and any transaction which originates from the same, whether initiated by the Customer or not, shall be deemed to have originated from the Customer.

Under no circumstance, ICICI Securities shall be held liable if the WhatsApp facility is not available for reasons including but not limited to natural calamities, epidemic/pandemic, legal restraints, faults in the telecommunication network or network failure, or any other reason beyond the control of ICICI Securities. ICICI Securities shall not be liable under any circumstances for any damages whatsoever whether such damages are direct, indirect, incidental consequential and irrespective of whether any claim is based on loss of revenue, interruption of business or any loss of any character or nature whatsoever and whether sustained by the Customer or by any other person. Illegal or improper use of the WhatsApp facility shall render the customer liable for payment of financial charges as decided by ICICI Securities or will result in suspension of the WhatsApp facility for the Customer.

ICICI Securities is in no way liable for any error or omission in the services provided by any cellular or any third party service provider (whether appointed by ICICI Securities in that behalf or otherwise) to the Customer, which may affect the WhatsApp facility.

ICICI Securities, does not warrant the confidentiality or security of the messages whether personal or otherwise transmitted through the WhatsApp facility. ICICI Securities makes no warranty or representation of any kind in relation to the system and the network or their function or performance or for any loss or damage whenever and howsoever suffered or incurred by the Customer or by any person resulting from or in connection with the WhatsApp facility.

Without limitation to the other provisions of these WhatsApp Terms and Conditions, ICICI Securities, its employees, agent or contractors, shall not be liable for and in respect of any loss or damage whether direct, indirect or consequential, including but not limited to loss of revenue, profit, business, contracts, anticipated savings or goodwill, loss of use or value of any equipment including software, whether foreseeable or not, suffered by the Customer or any person howsoever arising from or relating to any delay, interruption, suspension, resolution or error of ICICI Securities in receiving and processing the request and in formulating and returning responses or any failure, delay, interruption, suspension, restriction, or error in transmission of any information or message to and from the telecommunication equipment of the Customer and the network of any cellular service provider and ICICI Securities's system or any breakdown, interruption, suspension or failure of the telecommunication equipment of the Customer, ICICI Securities's system or the network of any cellular service provider and/or any third party who provides such services as is necessary to provide the WhatsApp.

Notwithstanding anything in the contrary provided in this terms and conditions, ICICI Securities shall not be involved in or in any way liable to the Customer for any dispute between the Customer and a cellular service provider or any third party service provider or WhatsApp (whether appointed by ICICI Securities for such purpose or otherwise) while availing these Services through the WhatsApp platform.

The Customer shall not interfere with or misuse in any manner whatsoever the WhatsApp facility and in the event of any damage due to improper or fraudulent use by the Customer, the Customer shall be liable for damages to ICICI Securities or for any losses suffered by ICICI Securities.

The Customer is solely responsible for protecting his/her OTP/debit card PIN/ password or mobile phone number and any other password and/or any other mode of verification as prescribed/ issued by ICICI Securities for the use of the WhatsApp facility from time to time without any liability of ICICI Securities in this regard. The Customer hereby agrees and accepts that he/she shall at all times be solely responsible for the protection and safe keep of his/her SIM card, Device and the applications installed thereon, specifically WhatsApp, login IDs, Customer Information, security details and passwords as mentioned hereinabove and hereby fully agrees that ICICI Securities shall in no manner be liable for any direct or indirect or consequential or other loss arising out of any action or omission because of compromise of the same in any manner whatsoever.

The Customer agrees that ICICI Securities assumes no liability whatsoever in case of any event of such compromise of the Customer's WhatsApp and ICICI Securities shall not be held responsible for any such event. Further, the Customer agrees and understands that WhatsApp can also be logged on from more than one device at the same time, including by using web log in and the Customer is aware of the risk in this regard while availing the Services such as compromise of Customer Information, breach of security of the Customer's WhatsApp account from a device other than the Customers and the Customer undertakes to be vigilant and careful and takes full responsibility for the security of his/her WhatsApp account. ICICI Securities shall not be responsible or liable to you or any third party for the consequences arising out of or in connection with using of this Service.

ICICI Securities will not be liable for:

any unauthorized use of the customer's password or mobile phone number or for any fraudulent, duplicate or erroneous instructions given on the WhatsApp channel;
acting in good faith on any instructions received by ICICI Securities from or on behalf of the Customer in relation to the WhatsApp facility;
error, default, delay or inability of ICICI Securities to act on all or any of the instructions given by the Customer due to any reason;
loss of any information/instructions in transmission;
unauthorized access by any other person to any information /instructions given by the Customer or breach of confidentiality;

ICICI Securities makes no representation or gives no warranty with respect to the quality of the service provided by any cellular service provider or by WhatsApp or any other service provider enabling ICICI Securities to deliver services through WhatsApp to the Customers.

ICICI Securities may provide any other services as a part of the WhatsApp facility and ICICI Securities shall not be liable for the oversight on part of the Customer to update himself /herself with the addition of services which have been included in the WhatsApp facility.

12. INDEMNITY

In consideration of ICICI Securities providing the WhatsApp facility, the Customer, at his own expense, agrees to indemnify, defend and hold harmless, ICICI Securities, its directors and employees, representatives, agents, customers and/or the affiliates, as the case may be, against all losses, damages, expenses, actions, claims, demands and proceedings whatsoever, that ICICI Securities may incur, sustain, suffer or be put to at any time as a consequence of acting on or omitting or refusing to act on any instructions given by the Customer or otherwise for use of the WhatsApp facility.

The Customer further specifically agrees to indemnify, defend and hold harmless, ICICI Securities and/or its affiliates from any losses occurring as a result of the:

the Customer permitting any third parties to use the WhatsApp facility.
the Customer permitting any other person to have access to his mobile phone or as a consequence of leaving the mobile phone unattended or loss of mobile phone and ICICI Securities acting/not acting on any instructions received from the same.
the Customer having breached the WhatsApp Terms and Conditions.

13. TERMINATION

ICICI Securities may, at its discretion, withdraw temporarily or terminate the WhatsApp facility, either wholly or in part, at any time without giving prior notice to the Customer. ICICI Securities may, without prior notice, suspend the WhatsApp facility at any time during which any maintenance work or repair is required to be carried out or in case of any emergency or for security reasons, which require the suspension of the WhatsApp facility.

ICICI Securities may suspend or terminate WhatsApp facility without prior notice if the Customer has breached these WhatsApp Terms and Conditions or ICICI Securities learns of the death, bankruptcy.

14. PROPRIETARY RIGHTS

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Ashok Leyland Ltd. 29 May 2026 12:26 PM

Result PDF

Commercial Vehicles company Ashok Leyland announced Q4FY26 & FY26 results

Standalone Financial Highlights:

Revenue from Operations: Reached Rs 14,160.49 crore in Q4FY26, marking a YoY increase of 18.93% from Rs 11,906.71 crore in Q4FY25, and a QoQ growth of 22.77% from Rs 11,533.85 crore in Q3FY26. For FY26, revenue stood at Rs 44,007.03 crore, up 13.56% YoY compared to Rs 38,752.74 crore in FY25.
Total Income: Stood at Rs 14,228.78 crore in Q4FY26, representing a YoY growth of 18.45% from Rs 12,012.64 crore in Q4FY25 and a QoQ increase of 22.73% from Rs 11,593.10 crore in Q3FY26. For the full year FY26, total income grew by 13.64% YoY to Rs 44,322.20 crore from Rs 39,002.99 crore in FY25.
EBITDA: Reported at Rs 2,066 crore for Q4FY26, up 15% from Rs 1,791 crore in the same period last year. FY26 EBITDA reached an all-time high of Rs 5,732 crore (13.0% margin) compared to Rs 4,931 crore (12.7% margin) in FY25.
Operating Profit Before Tax (Profit before exceptional items and tax): Recorded at Rs 1,909.13 crore in Q4FY26, registering a YoY increase of 14.26% from Rs 1,670.92 crore in Q4FY25, and a QoQ jump of 39.05% from Rs 1,372.98 crore in Q3FY26. For FY26, Operating PBT surged by 21.62% YoY to Rs 5,162.50 crore from Rs 4,244.56 crore in FY25.
Profit After Tax (PAT): Achieved highest-ever quarterly PAT of Rs 1,404.72 crore in Q4FY26, up 12.75% YoY from Rs 1,245.87 crore in Q4FY25 and up 76.47% QoQ from Rs 796.02 crore in Q3FY26. FY26 PAT stood at Rs 3,565.53 crore (inclusive of a one-time charge of Rs 308.48 crore owing to the new Labor Code), reflecting an 8% YoY growth from Rs 3,303.29 crore in FY25.

Consolidated Financial Highlights:

Revenue from Operations: Reached Rs 17,246.44 crore in Q4FY26, up 17.36% YoY from Rs 14,695.55 crore in Q4FY25, and a QoQ increase of 16.29% from Rs 14,830.24 crore in Q3FY26. FY26 revenue was Rs 56,362.08 crore, showing a 16.13% YoY growth from Rs 48,535.14 crore in FY25.
Total Income: Stood at Rs 17,417.30 crore in Q4FY26, an increase of 17.55% YoY from Rs 14,817.18 crore in Q4FY25 and up 16.03% QoQ from Rs 15,010.65 crore in Q3FY26. Total income for FY26 grew by 16.47% YoY to Rs 56,946.90 crore from Rs 48,893.60 crore in FY25.
Profit Before Tax (PBT): Reported at Rs 1,939.78 crore in Q4FY26, representing a YoY growth of 19.69% from Rs 1,620.58 crore in Q4FY25 and a QoQ rise of 61.70% from Rs 1,199.59 crore in Q3FY26. FY26 PBT increased by 12.15% YoY to Rs 5,154.79 crore from Rs 4,596.33 crore in FY25.
Profit After Tax (PAT): Recorded at Rs 1,381.32 crore in Q4FY26, up 10.87% YoY from Rs 1,245.92 crore in Q4FY25 and up 60.20% QoQ from Rs 862.24 crore in Q3FY26. FY26 PAT was Rs 3,720.98 crore, a YoY growth of 10.00% compared to Rs 3,382.79 crore in FY25.

Business Highlights:

Overall Volumes: Commercial Vehicle (CV) volumes scaled a new all-time high of 220,437 units in FY26 (a 13% YoY growth), surpassing the previous peak of 197,366 units achieved in FY19.
Segment-Wise Performance:
- Commercial Vehicle: Segment revenue for Q4FY26 stood at Rs 15,087.23 crore, up 16.71% YoY and 18.14% QoQ. Segment profit for Q4FY26 was Rs 1,524.36 crore, up 9.75% YoY and 23.50% QoQ. For FY26, revenue was Rs 48,313.71 crore (up 14.13% YoY) with a profit of Rs 4,379.32 crore (up 18.71% YoY).
- Financial Services: Segment revenue for Q4FY26 was Rs 2,159.31 crore, up 22.04% YoY and 4.81% QoQ. Segment profit for Q4FY26 was Rs 342.59 crore, up 10.14% YoY and 58.92% QoQ. For FY26, revenue stood at Rs 8,049.34 crore (up 29.77% YoY) with a profit of Rs 949.58 crore (up 5.60% YoY).
LCV and Export Volumes: LCV volumes set a new benchmark, reaching 74,322 units, well above the earlier high of 66,633 units. Export volumes also reached a historic high of 18,082 units, delivering a robust growth of 18.5% YoY over the previous year’s 15,255 units.
Cash Position: Cash generated during Q4FY26 was Rs 3,280 crore. The Company ended the financial year with a net cash surplus of Rs 5,899 crore, up from Rs 4,242 crore at the end of the previous year.
Subsidiary Performance:
- Switch Mobility: Delivered a standout performance with a 238% YoY surge in e-Bus volumes to 1,530 units and a 56% YoY growth in e-LCV volumes to 1,606 units. Revenue more than doubled to Rs 1,807 crore, generating a PAT of Rs 104 crore in FY26 against a loss of Rs 62 crore in the previous year.
- Hinduja Leyland Finance Limited (HLF - standalone): Posted a stellar 24% growth in FY26 to achieve an AUM of Rs 59,531 crore. PAT increased by 20% to Rs 491 crore.
- Hinduja Housing Finance (HHF - standalone): Grew its AUM by 15% to Rs 15,937 crore, with PAT growing by 4% to Rs 387 crore.
Dividend: The Board of Directors declared a second interim dividend of Rs 2.50 per share (250%). Together with the interim dividend paid during Q3, the overall dividend for the year works out to Rs 3.50 per share (350%).

Dheeraj Hinduja, Chairman, Ashok Leyland, said: “Achieving these record-breaking milestones and delivering a strong financial performance across our businesses is a matter of immense pride for us. Our CV and export volumes were at an all-time high, reflecting the deep trust our customers place in us. The Company delivered significant growth in Power Solutions, Aftermarket and Electric Mobility businesses. Our Defence order pipeline is at its all-time high, signifying ability to deliver superior growth in the coming years. Our entry into Indonesia gives further boost to our ambition in global markets. The record financial performance is backed by relentless innovation, unwavering focus on customer satisfaction, and ability to accelerate our ambition in global markets. We are well-positioned to sustain profitable growth and create long-term value.”

Shenu Agarwal, Managing Director & CEO, Ashok Leyland, said: “FY26 has been a defining year for us, marked by record-breaking achievements across revenue, EBITDA, profitability and cash generation. Our strong margin expansion reflects the success of our premiumization strategy, the resilience of our operations, and the growing strength of our diversified business portfolio. A record cash surplus of nearly Rs. 6,000 crore provides us with significant firepower for enhanced investments in products, technology and future-ready solutions, while continuing to elevate customer experience. With consecutive three years of record performance, we are more confident than ever in our ability to strengthen our technology leadership, gain market share and further enhance price realization through superior value delivery.”

Result PDF

Q4FY26 & FY26 Result Announced for Amara Raja Energy & Mobility Ltd.

Auto Parts & Equipment company Amara Raja Energy & Mobility announced Q4FY26 & FY26 results

Standalone Financial Highlights:

The Company reported standalone Revenue from operations of Rs 3,459.92 crore in Q4FY26, representing a YoY growth of 16.34% from Rs 2,973.85 crore in Q4FY25 and a QoQ increase of 3.26% from Rs 3,350.84 crore in Q3FY26.
Standalone Profit Before Tax (PBT) for Q4FY26 stood at Rs 432.89 crore, witnessing a growth of 92.94% YoY compared to Rs 224.36 crore and a QoQ increase of 108.64% from Rs 207.48 crore.
Standalone Net Profit After Tax (PAT) for Q4FY26 reached Rs 322.33 crore, reflecting a YoY growth of 93.23% from Rs 166.81 crore and a QoQ increase of 112.49% from Rs 151.69 crore.
For FY26, standalone Revenue from operations was Rs 13,548.86 crore, up 9.22% YoY from Rs 12,404.89 crore in FY25.
Annual standalone PBT for FY26 was Rs 1,306.93 crore, showing a slight increase of 0.60% YoY from Rs 1,299.15 crore.
Annual standalone Net Profit (PAT) for FY26 stood at Rs 970.43 crore, a growth of 0.68% compared to Rs 963.90 crore in FY25.
Earnings Per Share (EPS) for FY26 stood at Rs 53.02, compared to Rs 52.66 in FY25.

Consolidated Financial Highlights:

Consolidated Revenue from operations for Q4FY26 was Rs 3,535.75 crore, marking a YoY growth of 15.54% from Rs 3,060.07 crore and a QoQ increase of 3.68% from Rs 3,410.15 crore in Q3FY26.
Consolidated PBT for Q4FY26 stood at Rs 420.91 crore, representing a growth of 97.96% YoY compared to Rs 212.62 crore and a QoQ increase of 118.95% from Rs 192.24 crore.
Consolidated Net Profit After Tax (PAT) for Q4FY26 reached Rs 314.33 crore, witnessing a growth of 94.55% YoY from Rs 161.57 crore and a QoQ increase of 124.28% from Rs 140.15 crore.
For FY26, consolidated Revenue from operations was Rs 13,814.00 crore, up 7.53% YoY from Rs 12,846.32 crore in FY25.
Annual consolidated PBT for FY26 was Rs 1,206.89 crore, showing a decline of 5.21% YoY from Rs 1,273.17 crore.
Annual consolidated Net Profit (PAT) for FY26 stood at Rs 895.77 crore, a decrease of 5.18% YoY from Rs 944.67 crore in FY25.
Consolidated Earnings Per Share (EPS) for FY26 was Rs 48.95, compared to Rs 51.62 in FY25.
The Board recommended a final dividend of Rs 5.20 per equity share (520%) of face value Rs 1 each. Combined with the interim dividend of Rs 5.40, the total dividend for FY26 amounts to Rs 10.60 per equity share.

Business Highlights:

Segment Performance:
- Lead acid batteries and allied products: This segment recorded a revenue of Rs 13,005.29 crore in FY26 compared to Rs 12,345.13 crore in FY25. The segment results (profit) for FY26 stood at Rs 1,270.46 crore.
- New energy business: This segment recorded a revenue of Rs 808.71 crore in FY26, showing significant growth from Rs 501.19 crore in FY25. The segment reported a loss of Rs 135.15 crore for FY26 compared to a loss of Rs 45.89 crore in FY25.
Investments: The Company infused Rs 100 crore into its wholly-owned subsidiary, Amara Raja Advanced Cell Technologies Private Limited (ARACT), during the current quarter. The total investment in ARACT now stands at Rs 1,500.01 crore.
Insurance Settlement: During Q4FY26, the Company received Rs 186.72 crore as a full and final settlement for insurance claims related to a fire accident at its Chittoor facility on January 30, 2023. A sum of Rs 181.15 crore, representing the gain above the recognized receivable, was recorded as an exceptional item.
Business Interruption Claim: The Company received Rs 121.79 crore in respect of a 'Business interruption claim' during the quarter ended September 2025, which was presented under exceptional items.
Labour Code Impact: The Company assessed the implications of the new Labour Codes, resulting in an incremental increase in gratuity liability due to past service costs amounting to Rs 43.80 crore on a standalone basis and Rs 47.63 crore on a consolidated basis. This has been treated as a non-recurring exceptional item.
Subsidiary Financials: The group’s consolidated results include the performance of four wholly-owned subsidiaries: Amara Raja Batteries Middle East (FZE) U.A.E, Amara Raja Circular Solutions Private Limited, Amara Raja Advanced Cell Technologies Private Limited, and Amara Raja Power Systems Limited.

Harshavardhana Gourineni, Executive Director, Automotive & Industrial, said: “In FY26, our automotive business delivered strong performance, led by OEM growth of over 20% and supported by steady momentum in the aftermarket. Our home energy business posted especially strong growth, while lithium solutions for the telecom segment continued their steady expansion. Although geopolitical developments in key Middle East markets created certain challenges, we continued to demonstrate resilience and adaptability. As a leader in the low-voltage battery segment, we remain focused on strengthening our market position through innovation, new product introductions, and enhanced customer offerings.

Vikramadithya Gourineni, Executive Director – New Energy Business, said: “Our Giga Corridor infrastructure is shaping up well. Both the R&D centre and qualification plant are under commissioning and will be operational in the next month, marking our first significant milestone for Amara Raja's Made In India cells. This will substantially accelerate our research and engineering efforts as we begin supplying commercial samples to customers in advance of our first gigafactory. We are also constructing a Battery Energy Storage Systems (BESS) plant in an accelerated manner, which is targeted to be operational by Q4. The first 2 GWh of cell manufacturing remains on track for June 2027.”

Jayadev Galla, Chairman & Managing Director, said: “Amara Raja has recorded consistent performance over the past year, underpinned by our strong leadership in the lead-acid battery business and the growing momentum of our new energy initiatives. Despite evolving geopolitical dynamics and rapid technological shifts, our focus on strategic diversification into new products and chemistries has positioned us strongly for the future. Energy storage is fundamental to India’s growth journey, and we are steadily strengthening our capabilities to emerge as the country’s leading cell-to-grid player.”

Result PDF

Q4FY26 & FY26 Result Announced for Eicher Motors Ltd.

2/3 Wheelers company Eicher Motors announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Revenue from Operations: Consolidated Revenue for Q4FY26 stood at Rs 6,080.09 crore, reflecting a marginal QoQ decrease of 0.56% from Rs 6,114.04 crore but a YoY increase of 16.01% from Rs 5,241.11 crore. Annual Consolidated Revenue for FY26 reached Rs 23,407.56 crore.
Total Income: For Q4FY26, Consolidated Total Income was Rs 6,432.28 crore, down 0.30% from Rs 6,451.40 crore in Q3FY26 (QoQ) and up 14.42% compared to Rs 5,621.50 crore in Q4FY25 (YoY). For the full year FY26, Total Income stood at Rs 24,894.09 crore.
Net Profit: Consolidated Net Profit for Q4FY26 was Rs 1,519.95 crore, an increase of 6.99% from Rs 1,420.61 crore in Q3FY26 (QoQ) and a YoY growth of 11.58% from Rs 1,362.15 crore. For the full year FY26, Consolidated Net Profit reached Rs 5,515.23 crore against Rs 4,734.44 crore in FY25.

Standalone Financial Highlights:

Revenue from Operations: For Q4FY26, Revenue from Operations stood at Rs 5,901.42 crore, a decrease of 1.44% from Rs 5,987.83 crore in Q3FY26 (QoQ) but an increase of 15.56% compared to Rs 5,106.60 crore in Q4FY25 (YoY). For the full year FY26, it reached Rs 22,699.73 crore against Rs 18,451.46 crore in FY25.
Total Income: Total Income for Q4FY26 was Rs 6,258.13 crore, down 1.09% from Rs 6,327.07 crore in Q3FY26 (QoQ) and up 14.61% from Rs 5,460.44 crore in Q4FY25 (YoY). Full-year Total Income for FY26 was Rs 24,394.53 crore.
Net Profit: Net Profit for Q4FY26 was Rs 1,236.33 crore, representing a QoQ decrease of 4.16% from Rs 1,289.99 crore and a YoY growth of 9.88% from Rs 1,125.13 crore. For the full year FY26, Net Profit reached Rs 5,040.82 crore compared to Rs 4,279.26 crore in FY25.

Business Highlights:

Dividend Recommendation: The Board has recommended a final dividend of Rs 82 per equity share of face value Re 1 each for the financial year ended March 31, 2026.
Joint Venture Performance: Share of profit from the joint venture, VE Commercial Vehicles Limited (VECV), stood at Rs 322.85 crore for Q4FY26, compared to Rs 182.94 crore in Q3FY26 and Rs 247.99 crore in Q4FY25. For the full year FY26, the share of profit reached Rs 797.81 crore.
Exceptional Items: The company recorded an exceptional expense of Rs 55.45 crore during the year relating to the assessment of financial implications arising from the notified four Labour Codes.
Segment Performance: The company's business activities fall within a single primary business segment, "Automobile products and related components."
Equity Allotment: During the year ended March 31, 2026, 1,50,124 equity shares were issued and allotted under the Employee Stock Option Plan, 2006, and the Restricted Stock Units Plan, 2019.

Result PDF

Q4FY26 & FY26 Result Announced for Bosch Ltd.

Auto Parts & Equipment company Bosch announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Revenue from Operations: In Q4FY26, consolidated revenue from operations stood at Rs. 55,657 million, representing a growth of 13.92% QoQ compared to Rs. 48,856 million in Q3FY26 and an increase of 13.34% YoY from Rs. 49,106 million in Q4FY25. For the full year FY26, revenue grew by 10.77% to Rs. 2,00,347 million from Rs. 1,80,874 million in FY25.
Total Income: Total income for Q4FY26 was Rs. 57,220 million, up 12.52% QoQ from Rs. 50,855 million and 11.16% YoY from Rs. 51,475 million. For the full year FY26, total income stood at Rs. 2,08,887 million, a 10.51% increase over FY25.
Profit Before Tax (PBT) before Exceptional Items: For Q4FY26, PBT before exceptional items was Rs. 8,084 million, showing a growth of 13.97% QoQ from Rs. 7,093 million and 3.84% YoY from Rs. 7,785 million. For the full year FY26, it reached Rs. 30,857 million, up 12.99% from FY25.
Net Profit for the Period: Consolidated net profit for Q4FY26 was Rs. 5,685 million, an increase of 6.84% QoQ from Rs. 5,321 million and 2.69% YoY from Rs. 5,536 million. For the full year FY26, net profit surged by 37.11% to Rs. 27,700 million compared to Rs. 20,130 million in FY25.
Earnings Per Share (EPS): Basic and diluted EPS for Q4FY26 was Rs. 193.25. For the full year FY26, it stood at Rs. 940.27 compared to Rs. 683.25 in FY25.

Standalone Financial Highlights:

Revenue from Operations: Standalone revenue for Q4FY26 was Rs. 55,657 million. For the full year FY26, it stood at Rs. 2,00,347 million, up from Rs. 1,80,874 million in FY25.
Total Income: Standalone total income for FY26 was Rs. 2,08,890 million compared to Rs. 1,89,016 million in FY25.
Profit Before Tax (PBT): Standalone PBT (after exceptional items) for FY26 was Rs. 36,420 million, an increase of 33.28% over Rs. 27,326 million in FY25.
Net Profit: Standalone net profit for FY26 reached Rs. 27,703 million compared to Rs. 20,133 million in the previous year.

Business Highlights & Segment Performance:

Mobility Segment: Reported a 16.9% increase in product sales during FY26, with Q4FY26 sales increasing by 23.3% YoY. Growth was largely driven by Power Solutions and the Two-Wheeler business.
Power Solutions: This division saw a 17.6% increase in sales during FY26, driven by sustained market demand.
Two-Wheeler Business: Grew significantly by 69.1% in FY26. In Q4FY26, the growth was 63.4% YoY, attributed to higher sales of exhaust gas sensors following the ramp-up for On-Board Diagnostics II (OBD-II) norms.
Non-Mobility Segment: Product sales declined by 9.1% YoY in Q4FY26 and 13.6% for the full year FY26, primarily due to the sale of the "Video solutions, Access and Intrusions and Communication systems" business in May 2025.
Dividend: The Board recommended a final dividend of Rs. 270 per equity share for FY26.
Joint Venture: The Board approved a Joint Venture Agreement with Wheels India Limited and Brakes India Private Limited to form a JV Company for the development and production of solutions for the commercial vehicle (CV) air system segment. Bosch Limited will hold a 50% stake.
Strategic Acquisition: On April 8, 2026, the Company entered into an agreement for the 100% acquisition of Bosch Chassis Systems India Private Limited for a consideration not exceeding Rs. 90,686.80 million.
Exceptional Items: Standalone results for FY26 include a net exceptional gain of Rs. 5,560 million, primarily from the sale of the "Video solutions, Access and Intrusions and Communication systems" business.

Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director, Bosch said, "FY25-26 has been a year of strong revenue growth driven by increased production volumes in automotive segment, mainly passenger cars and tractors. This performance, achieved amidst ongoing supply chain challenges testifies our operational agility."

"Our new joint venture with Tata AutoComp, announced in last quarter, positions us well to drive future growth in e-mobility, and keep pace with the industry's evolving demands."

"India's journey as a global automotive hub is accelerating. At Bosch, we aim to lead this transition, through decisive action, competitive structures, sustainable differentiation and strategic partnerships. We are deeply invested in delivering solutions spanning software driven mobility, electrification, and hydrogen technology, while simultaneously focusing on making safety and connectivity accessible and scalable for the Indian market." adds Mudlapur. "Our beyond mobility businesses are also poised for significant growth on the back of India's sustained infrastructure push. While geopolitical uncertainties and its impact on supply chain remain a concern, our deep technological competences and 'local for 'ocal' commitment makes us both resilient and optimistic for the times ahead."

Result PDF

Q4FY26 & FY26 Result Announced for Samvardhana Motherson International Ltd.

Auto Parts & Equipment company Samvardhana Motherson International announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Total revenue from operations for Q4FY26 stood at Rs 34,309.31 crore, representing an increase of 9.23% QoQ from Rs 31,409.39 crore in Q3FY26 and a growth of 17.03% YoY compared to Rs 29,316.83 crore in Q4FY25.
Total Income for the quarter was reported at Rs 34,366.77 crore, up 9.24% from Rs 31,460.76 crore in Q3FY26 and up 16.76% from Rs 29,433.22 crore in Q4FY25.
Profit before tax for Q4FY26 (before exceptional items) was Rs 2,011.05 crore, a rise of 40.38% QoQ from Rs 1,432.54 crore and a growth of 79.56% YoY from Rs 1,119.97 crore.
Net profit for the period for Q4FY26 was reported at Rs 1,561.56 crore, registering a growth of 45.63% QoQ from Rs 1,072.27 crore and 40.00% YoY from Rs 1,115.38 crore.
For the full year FY26, total revenue from operations was Rs 1,26,103.67 crore, an increase of 10.95% over Rs 1,13,662.57 crore in FY25.
Total income for the full year FY26 stood at Rs 1,26,414.20 crore, rising 10.68% YoY from Rs 1,14,220.28 crore.
Net profit for the full year FY26 was reported at Rs 4,085.55 crore compared to Rs 4,145.70 crore in FY25, representing a slight decrease of 1.45%.

Standalone Financial Highlights:

Total revenue from operations in Q4FY26 was Rs 3,543.18 crore, marking a growth of 13.04% QoQ from Rs 3,134.48 crore in Q3FY26 and 30.19% YoY from Rs 2,721.45 crore in Q4FY25.
Total Income for the quarter reached Rs 3,768.73 crore, up 16.81% QoQ from Rs 3,226.35 crore and up 14.87% YoY from Rs 3,280.77 crore.
Profit for the period for Q4FY26 stood at Rs 482.51 crore, which is a growth of 112.91% QoQ compared to Rs 226.62 crore in Q3FY26, but a decrease of 25.24% YoY from Rs 645.45 crore in Q4FY25.
For the full year FY26, total revenue from operations was Rs 12,374.07 crore, showing a growth of 21.47% over Rs 10,186.81 crore in FY25.
Total income for FY26 reached Rs 13,477.17 crore, an increase of 17.59% over Rs 11,460.97 crore in the previous year.
Net profit for the full year FY26 was Rs 1,796.17 crore, a growth of 13.90% over Rs 1,576.96 crore in FY25.

Business Highlights:

The Board of Directors has recommended a final dividend of Rs 0.25 per equity share for the financial year 2025-26, which, in addition to the interim dividend of Rs 0.35, results in a total dividend of Rs 0.60 per equity share.
In July 2025, the company issued bonus shares in the proportion of one bonus equity share for every two existing equity shares, which increased the paid-up capital of the company to Rs 1,055.44 crore.
On March 16, 2026, the Group acquired a 100% stake in Yutaka Autoparts India Private Limited (YIPL). Additionally, on March 17, 2026, it acquired a 9.51% stake in the issued equity share capital of Yutaka Giken Co., Ltd. (YGCL).
Wiring Harness segment: Revenue for Q4FY26 was Rs 10,235.62 crore with segment results of Rs 1,170.27 crore, compared to revenue of Rs 8,594.14 crore and results of Rs 1,066.85 crore in Q4FY25.
Modules and Polymer Products segment: Revenue for Q4FY26 stood at Rs 16,736.71 crore with results of Rs 1,545.03 crore, against revenue of Rs 15,359.07 crore and results of Rs 1,002.21 crore in Q4FY25.
Vision Systems segment: Revenue for Q4FY26 was Rs 5,532.96 crore and segment results were Rs 617.78 crore, compared to revenue of Rs 4,971.80 crore and results of Rs 596.39 crore in Q4FY25.
Integrated Assemblies segment: Revenue for Q4FY26 reached Rs 2,877.25 crore with results of Rs 447.83 crore, versus revenue of Rs 2,398.47 crore and results of Rs 254.14 crore in Q4FY25.
Emerging Businesses segment: Revenue for Q4FY26 was Rs 5,150.49 crore with results of Rs 745.49 crore, compared to revenue of Rs 3,228.16 crore and results of Rs 389.50 crore in Q4FY25.

Vivek Chaand Sehgal, Chairman, Motherson, said, “FY26 was another defining year for Motherson. We have delivered our best-ever yearly revenues and resilient profitability in a challenging macroeconomic environment. Our long-time focus on diversification helped us outperform the market. We continued to remain focused on improving capital efficiency while making strategic investments for future growth to support our customers. The improvement in the leverage ratio and a strong booked business of USD 96 billion reinforce our commitment to sustainable value creation. We are progressing confidently towards Vision 2030 while navigating unforeseen challenges and pursuing long-term opportunities. We remain proud of our proven executional and D.E.M.A.L. capabilities and thankful to our customers for their trust and to our teams who are making this possible.”

Result PDF

Q4FY26 & FY26 Result Announced for Tata Motors Passenger Vehicles Ltd.

Cars & Utility Vehicles company Tata Motors Passenger Vehicles announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Total Revenue from operations for Q4FY26 stood at Rs 1,05,447 crore, a growth of 7.2% YoY compared to Rs 98,377 crore in Q4FY25 and an increase of 50.4% QoQ from Rs 70,108 crore in Q3FY26.
For the full year FY26, Consolidated Revenue stood at Rs 3,35,582 crore, a decline of 8.3% YoY compared to Rs 3,66,094 crore in FY25.
Consolidated EBITDA for Q4FY26 was reported at Rs 13.9K crore. The FY26 EBITDA margin stood at 6.8% (down 660 bps YoY).
Profit Before Tax and exceptional items (PBT bei) for Q4FY26 was Rs 7,167 crore, a decrease of Rs 3,031 crore YoY.
For FY26, PBT (bei) stood at Rs 2,519 crore compared to Rs 28,650 crore in FY25, representing a YoY decline of Rs 26,131 crore.
Net Profit (Profit for the period/year) for Q4FY26 was Rs 5,878 crore, down 31.3% YoY from Rs 8,556 crore and a recovery from a loss of Rs 3,483 crore in Q3FY26.
For the full year FY26, Net Profit stood at Rs 82,645 crore, significantly higher than Rs 28,149 crore in FY25, primarily due to an exceptional gain of Rs 82,616 crore on the disposal of discontinued operations.
The company reported healthy Q4FY26 Free Cash Flows (FCF) of Rs 11.4K crore.
Consolidated Net Debt stood at Rs 30.7K crore as of March 31, 2026.

Standalone Financial Highlights:

Total Revenue from operations for Q4FY26 was Rs 18,598 crore, up 43.3% YoY from Rs 12,977 crore and up 21.8% QoQ from Rs 15,268 crore.
For the full year FY26, Standalone Total Revenue was Rs 57,859 crore, an increase of 17.2% YoY from Rs 49,358 crore.
Profit Before Tax from continuing operations for Q4FY26 was Rs 630 crore, compared to a profit of Rs 203 crore in Q4FY25 (YoY) and a loss of Rs 495 crore in Q3FY26 (QoQ).
For the full year FY26, Standalone Net Profit was Rs 87,569 crore (inclusive of an exceptional gain of Rs 82,318 crore related to the demerger of the commercial vehicles business) compared to Rs 5,874 crore in FY25.
Paid-up equity share capital stood at Rs 737 crore as of March 31, 2026.
The Board of Directors recommended a final dividend of Rs 3.00 per Equity Share of Rs 2 each (@ 150%) for the financial year ended March 31, 2026.

Business Highlights:

Jaguar Land Rover (JLR):

Q4FY26 Revenue was £6.9 billion, down 11.1% YoY. EBITDA margin was 14.0% (down 130 bps) and EBIT margin was 9.2% (down 150 bps).
FY26 Revenue stood at £22.9 billion, down 20.9% YoY. Full year profitability was impacted by headwinds including a cyber incident, tariffs, and China market challenges.
Volumes rose significantly QoQ as production returned to normal following the cyber incident.
Defender OCTA saw a fourfold YoY sales uplift in Q4FY26.
Free cash flow for the quarter was £829 million, while the full year FCF was £(2.2) billion.
Total liquidity as at March 31, 2026, was £6.9 billion.

Tata Passenger Vehicles (Tata PV):

Q4FY26 Revenue was Rs 18.7K crore, up 49% YoY. EBITDA margin improved to 9.4% (up 150 bps) and EBIT margin rose to 4.7% (up 310 bps).
FY26 Revenue reached Rs 58.5K crore, an increase of 20.7% YoY.
PV and EV volumes in Q4FY26 were 201.8K units, a 37% YoY increase.
Vahan market share grew to 14.2% in Q4FY26, securing the #2 position in H2FY26.
EV penetration stood at 14% and CNG penetration at 27% for FY26.
Tata.ev surpassed 250,000 cumulative EV sales during the year.
Nexon and Punch emerged as the #1 and #3 selling PV models in H2FY26.
The business reported its highest ever annual sales of over 6.4 lakh units in FY26.

Dhiman Gupta, Chief Financial Officer, TMPVL said: “Overall, FY26 was a tale of two halves. While domestic business witnessed a strong momentum post GST 2.0, at JLR we witnessed several headwinds including tariffs and the cyber incident. In Q4 FY26, all the consolidated financial metrics improved significantly as JLR operations recovered post the cyber incident and domestic business continued its positive trajectory. Going ahead, we will continue to build on our resilience through a slew of product interventions, and cost-side actions, while the global geopolitical environment and commodity prices continue to remain key monitorable”

PB Balaji, Chief Executive Officer, said: “JLR faced a challenging year with revenue and profit impacted by multiple headwinds, including a pause in production following the cyber incident. We recovered well in the fourth quarter as production returned to normal levels, demonstrating the commitment of our people, suppliers and retail partners.

As we look ahead into FY27, we are focused on driving growth through our well differentiated House of Brands and reducing our break-even volumes, whilst we launch a slew of exciting products starting with the New Range Rover Electric, the unveiling of the first of our EMA products and the eagerly awaited new Jaguar.”

Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles said: “FY26 has been a landmark year for the Company, marked by multiple defining milestones. We achieved our highest ever annual sales of over 6.4 lakh units, delivering industry beating growth of 15% YoY and emerging as the #2 ranked player in H2 FY26. In electric vehicles, we further reinforced our leadership position with a sustained focus on strengthening the overall value proposition of our vehicles and holistically addressing adoption barriers, accelerating the journey towards EVs becoming a mainstream choice for customers. This resulted in robust 43% year on year growth and our highest ever annual EV volumes of over 92,000. Q4 FY26 was an outstanding quarter, in which we registered 37% year on year growth to record our highest ever quarterly sales of over 200,000 units. During the quarter, we delivered c.30,000 units of the Sierra and launched the new versions of the popular Punch and Punch.ev, to strong customer acclaim. This consistent growth has helped us drive sequential margin improvement throughout the year. Going ahead, we will continue to build on this strong momentum, deliver industry beating growth and enhance profitability through focused actions, while closely monitoring geopolitical developments to mitigate supply-side risks.”

Result PDF

Q4FY26 & FY26 Result Announced for Tube Investments of India Ltd.

Auto Parts & Equipment company Tube Investments of India announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights:

Total Revenue from Operations for Q4FY26 was Rs 6,214.74 crore, representing a growth of 7.13% QoQ from Rs 5,800.99 crore in Q3FY26 and an increase of 20.68% YoY from Rs 5,149.96 crore in Q4FY25.
Profit Before Tax (PBT) after exceptional items stood at Rs 497.98 crore, up 12.01% QoQ from Rs 444.60 crore in Q3FY26 and a growth of 49.27% YoY compared to Rs 333.61 crore in Q4FY25.
Profit After Tax (PAT) for the quarter was Rs 234.01 crore, a decrease of 16.12% QoQ from Rs 278.97 crore in Q3FY26 and an increase of 47.93% YoY compared to Rs 158.19 crore in Q4FY25.
Total Comprehensive Income for the quarter was Rs 258.49 crore, compared to Rs 291.77 crore in Q3FY26 and Rs 169.02 crore in Q4FY25.

FY26 Consolidated Financial Highlights:

Total Revenue from Operations for the full year FY26 was Rs 22,847.43 crore, showing a growth of 17.38% YoY over Rs 19,464.65 crore in FY25.
Profit Before Tax (PBT) after exceptional items for FY26 reached Rs 1,850.53 crore, reflecting an increase of 19.14% YoY from Rs 1,553.20 crore in FY25.
Profit After Tax (PAT) for the year stood at Rs 1,118.22 crore, a growth of 6.06% YoY compared to Rs 1,054.29 crore in FY25.
Basic Earnings Per Share (EPS) for continuing operations for FY26 was Rs 32.85, compared to Rs 34.83 in FY25.

Q4FY26 Standalone Financial Highlights:

Total Revenue from Operations for Q4FY26 was Rs 2,278.57 crore, an increase of 5.87% QoQ from Rs 2,152.22 crore in Q3FY26 and a growth of 16.42% YoY from Rs 1,957.25 crore in Q4FY25.
Profit Before Tax (PBT) after exceptional items for the quarter was Rs 357.21 crore, up 41.15% QoQ from Rs 253.08 crore and a decrease of 59.41% YoY from Rs 880.04 crore in Q4FY25.
Profit After Tax (PAT) for the quarter stood at Rs 283.52 crore, an increase of 50.02% QoQ from Rs 188.99 crore and a decrease of 65.16% YoY compared to Rs 813.65 crore in Q4FY25.

FY26 Standalone Financial Highlights:

Total Revenue from Operations for the full year FY26 was Rs 8,556.35 crore, reflecting a growth of 8.41% YoY over Rs 7,892.53 crore in FY25.
Profit Before Tax (PBT) after exceptional items for FY26 was Rs 1,082.80 crore, a decrease of 28.97% YoY from Rs 1,524.40 crore in FY25.
Profit After Tax (PAT) for the year was Rs 827.35 crore, showing a decline of 36.19% YoY compared to Rs 1,296.66 crore in FY25.
Total Comprehensive Income for FY26 was Rs 831.52 crore, compared to Rs 1,294.05 crore in FY25.

Business Highlights:

Segment Performance:
- Engineering: Revenue for FY26 was Rs 5,612.28 crore compared to Rs 5,028.73 crore in FY25. Segment results (profit) for the year stood at Rs 689.12 crore against Rs 617.12 crore in FY25.
- Metal Formed Products: Revenue for FY26 reached Rs 1,602.94 crore compared to Rs 1,554.80 crore in FY25. Segment results (profit) were Rs 162.40 crore vs Rs 161.06 crore in FY25.
- Mobility: Revenue for FY26 was Rs 782.84 crore compared to Rs 670.79 crore in FY25. Segment results (profit) grew to Rs 19.41 crore from Rs 4.76 crore in FY25.
- Others: Revenue for FY26 was Rs 922.85 crore compared to Rs 986.64 crore in FY25.
Subsidiaries Performance:
- CG Power and Industrial Solutions Limited: Registered a consolidated revenue of Rs 3,442 crore for Q4FY26 as against Rs 2,753 crore in Q4FY25. Full-year FY26 revenue was Rs 12,418 crore compared to Rs 9,909 crore in FY25.
- Shanthi Gears Limited: Registered a revenue of Rs 135 crore for Q4FY26 compared to Rs 153 crore in Q4FY25. Full-year FY26 revenue was Rs 519 crore against Rs 605 crore in FY25.
Dividend: The Board recommended a final dividend of Rs 1.50 per equity share for FY26. Including the interim dividend of Rs 2.00 per share paid in February 2026, the total dividend for FY26 is Rs 3.50 per share.
Investments and Acquisitions:
- The company invested Rs 100 crore in 3xper Innoventure Limited and Rs 250 crore in TI Clean Mobility Private Limited during the year.
- TII acquired a 76.24% stake in Orange Koi Private Limited in April 2026 for a total consideration of Rs 35 crore.
- TII invested Rs 20.06 crore in TI Medical Private Limited through a rights issue, representing a 67% share.
Borrowings: The Board approved long-term borrowing for an aggregate sum not exceeding Rs 350 crore via term loans or non-convertible debentures for FY27.

Result PDF

Q4FY26 & FY26 Result Announced for TVS Motor Company Ltd.

2/3 Wheelers company TVS Motor Company announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Q4FY26 Revenue from Operations: Rs 15,052.73 crore, a growth of 30.4% YoY from Rs 11,542.00 crore in Q4FY25 and a 2.0% QoQ increase from Rs 14,755.52 crore in Q3FY26.
Q4FY26 Profit After Tax (PAT): Rs 819.55 crore, up 17.5% YoY from Rs 686.70 crore in Q4FY25 (continuing operations) but down 8.0% QoQ from Rs 891.26 crore in Q3FY26.
FY26 Annual Revenue from Operations: Rs 56,069.52 crore, representing a growth of 27.2% YoY compared to Rs 44,089.01 crore in FY25.
FY26 Annual PAT: Rs 3,186.43 crore, a growth of 33.9% YoY from Rs 2,379.81 crore in FY25.

Standalone Financial Highlights:

Q4FY26 Revenue from Operations: Rs 12,807.63 crore, up 34.1% YoY from Rs 9,550.44 crore in Q4FY25.
Q4FY26 Net Profit: Rs 997.70 crore, a growth of 33.0% YoY from Rs 749.87 crore in Q4FY25.
FY26 Annual Revenue from Operations: Rs 47,270.32 crore, up 30.4% YoY compared to Rs 36,251.32 crore in FY25.
FY26 Annual Net Profit: Rs 3,615.22 crore, an increase of 37.3% YoY from Rs 2,633.89 crore in FY25.

Business Highlights:

Total Sales Volume: The company recorded its highest-ever annual sale of 58.89 lakh units in FY26, a growth of 24% over 47.44 lakh units in FY25.
Quarterly Sales Volume: Recorded highest-ever quarterly sale of 15.60 lakh units in Q4FY26, up 28% from 12.16 lakh units in Q4FY25.
Segment Performance (FY26):
- Motorcycles: 27.13 lakh units (up 24% YoY).
- Scooters: 24.13 lakh units (up 27% YoY).
- Electric Vehicles: 3.71 lakh units (up 33% YoY).
- Three-Wheelers: 2.19 lakh units (up 63% YoY).
EBITDA Margins: Consolidated operating EBITDA margin for Q4FY26 stood at 13.1%. Annual operating EBITDA margin for FY26 was 12.9%.
Segment Revenue (Consolidated FY26):
- Automotive Vehicles & Parts: Rs 48,906.84 crore revenue with a result of Rs 3,958.02 crore.
- Financial Services: Rs 7,201.95 crore revenue with a result of Rs 1,250.39 crore.
Dividend: Declared an interim dividend of Rs 12 per equity share (1,200%) for FY26.

Result PDF

Q4FY26 & FY26 Result Announced for Hyundai Motor India Ltd.

Cars & Utility Vehicles company Hyundai Motor India announced Q4FY26 & FY26 results

Consolidated Financial Highlights

Revenue from Operations (Q4FY26): Stood at Rs 1,89,161.50 million, representing a growth of 5.44% YoY compared to Rs 1,79,402.77 million in Q4FY25 and a growth of 5.25% QoQ from Rs 1,79,734.87 million in Q3FY26.
Net Profit after tax (Q4FY26): Stood at Rs 12,556.32 million, a decrease of 22.22% YoY from Rs 16,143.45 million in Q4FY25 and an increase of 1.72% QoQ from Rs 12,343.99 million in Q3FY26.
EBITDA (Q4FY26): Stood at Rs 19,660 million, with an EBITDA margin of 10.4% for the quarter.
Annual Revenue from Operations (FY26): Reached Rs 7,07,633.34 million, an increase of 2.27% YoY compared to Rs 6,91,928.88 million in FY25.
Annual Net Profit after tax (FY26): Stood at Rs 54,315.20 million, a decline of 3.70% YoY from Rs 56,402.14 million in FY25.
Annual EBITDA (FY26): Recorded at Rs 85,985 million (down 3.97% YoY) with an annual EBITDA margin of 12.2%.

Standalone Financial Highlights

Revenue from Operations (Q4FY26): Stood at Rs 1,84,519.18 million, up 5.07% YoY compared to Rs 1,75,619.49 million in Q4FY25 and up 5.73% QoQ from Rs 1,74,527.00 million in Q3FY26.
Net Profit after tax (Q4FY26): Stood at Rs 12,215.29 million, a decline of 22.81% YoY from Rs 15,825.56 million in Q4FY25 and an increase of 2.23% QoQ from Rs 11,949.23 million in Q3FY26.
Annual Revenue from Operations (FY26): Reached Rs 6,89,905.38 million, representing a growth of 1.98% YoY compared to Rs 6,76,538.10 million in FY25.
Annual Net Profit after tax (FY26): Stood at Rs 53,224.53 million, a decline of 3.09% YoY from Rs 54,922.47 million in FY25.

Business Highlights

Segment Performance: The company operates in one operating segment: "manufacture and sale of motor vehicles, engine, transmission and other parts, related after-sales activities, related engineering and broking services." Segment revenue for Q4FY26 was Rs 1,89,161.50 million, while for the full year FY26, it reached Rs 7,07,633.34 million.
Manufacturing Expansion: Solidified its manufacturing foundation by commencing operations at the Pune plant in FY26. The company announced a further expansion of the Pune facility by 70,000 units, aiming for a total capacity of 1.14 million units by 2030.
Sales Volume: Achieved highest-ever quarterly domestic sales in Q4FY26, with wholesale volumes up 8.7% YoY.
Market Reach: Recorded a record 25% quarterly Rural Penetration in Q4FY26.
CNG Adoption: Highest-ever quarterly CNG contribution of 18% in Q4FY26, driven by entry into the commercial mobility segment.
Export Growth: Exports grew at 9.4% YoY in Q4FY26 and closed FY26 with a total growth of 16.4%.
Dividend: The Board of Directors recommended a final dividend of Rs 21 per equity share (210% of the face value of Rs 10 per share).
Capex Outlook: The company announced a capex plan of approximately Rs 7,500 crore for FY27.

Tarun Garg, Managing Director & Chief Executive Officer said: "As we celebrate 30 years of operations in India, we take pride in building a strong foundation anchored in customer trust, innovation, and consistent execution. FY26 was a year where we demonstrated our ability to effectively navigate a challenging environment while capitalizing on emerging opportunities, supported by GST 2.0 reforms, strategic product interventions, strong export volumes and our continued focus on ‘Quality of Growth’.

Looking ahead to FY27, we have started the year on a strong footing, with April domestic volumes growing 17% YoY. We expect this positive momentum to continue and backed by new product launches in high-demand segments and other strategic initiatives, we expect 8-10% volume growth in domestic market. Having said that, our enhanced plant capacity and flexible operations position us to swiftly respond to any further growth opportunities, should they arise during the year. For exports, we remain watchful of geopolitical uncertainties, however, we are confident of registering 8-10% volume growth, reinforcing our position as the hub for emerging markets.

To support our future growth aspirations, I am also pleased to announce the expansion of our Pune facility by another 70,000 units post Phase-II expansion, taking our overall capacity to 1.14 million units by 2030.

We feel confident and remain well positioned to drive sustainable growth and create long term value for our stakeholders.”

Result PDF

Q4FY26 & FY26 Result Announced for Bharat Forge Ltd.

Castings & Forgings company Bharat Forge announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Consolidated Revenue from Operations for Q4FY26 was Rs 45,280.41 million, reflecting a growth of 4.26% QoQ from Rs 43,429.34 million in Q3FY26 and a YoY increase of 17.53% compared to Rs 38,526.04 million in Q4FY25.
Consolidated Total Income for the quarter ended March 31, 2026, stood at Rs 45,810.11 million, up 4.46% QoQ from Rs 43,854.13 million and up 17.02% YoY from Rs 39,147.08 million.
The company reported a Consolidated Net Profit of Rs 2,334.48 million for Q4FY26, a decline of 14.43% QoQ from Rs 2,728.02 million and a decrease of 17.40% YoY from Rs 2,826.24 million in Q4FY25.
For FY26, Consolidated Revenue from Operations reached Rs 1,68,116.53 million, representing a YoY growth of 11.17% compared to Rs 1,51,228.03 million in FY25.
Consolidated Total Income for FY26 was Rs 1,70,103.36 million, an increase of 10.91% over the Rs 1,53,365.67 million reported in FY25.
Consolidated Net Profit for FY26 stood at Rs 10,893.98 million, marking a YoY increase of 19.28% from Rs 9,132.75 million in FY25.
Consolidated Earnings Per Share (EPS) for FY26 was Rs 22.58, compared to Rs 20.05 in FY25.

Standalone Financial Highlights:

Standalone Revenue from Operations for Q4FY26 was Rs 22,604.49 million, representing an 8.48% QoQ increase from Rs 20,836.60 million and a 4.50% YoY increase from Rs 21,630.29 million.
Standalone Total Income for the quarter stood at Rs 22,889.33 million, showing a QoQ growth of 8.43% from Rs 21,109.76 million and a YoY growth of 3.52% from Rs 22,111.05 million.
The company reported a Standalone Net Loss of Rs 1,177.57 million for Q4FY26, compared to a profit of Rs 2,880.41 million in Q3FY26 and a profit of Rs 3,456.25 million in Q4FY25.
For FY26, Standalone Revenue from Operations reached Rs 83,956.78 million, a decrease of 5.07% YoY from Rs 88,437.30 million in FY25.
Standalone Total Income for FY26 was Rs 85,401.35 million, compared to Rs 90,025.83 million in FY25.
Standalone Net Profit for FY26 stood at Rs 8,187.41 million, reflecting a YoY decline of 38.08% from Rs 13,222.51 million in FY25.
Standalone Earnings Per Share (EPS) for FY26 was Rs 17.12, compared to Rs 28.16 in the previous year.

Business Highlights

Segment Performance:
- Forgings: This segment recorded a revenue of Rs 1,39,285.82 million in FY26, growing by 7.46% YoY compared to Rs 1,29,612.33 million in FY25.
- Defence: Revenue from the Defence segment stood at Rs 17,571.72 million for FY26, as against Rs 17,719.86 million in FY25.
Others: This segment saw a substantial growth of 127.92% YoY, with revenue reaching Rs 21,698.12 million in FY26 compared to Rs 9,519.96 million in FY25.
Dividend: The Board of Directors recommended a final dividend of Rs 6.50 per equity share of face value Rs 2 each (325%) for FY26. Total dividend for the year, including two interim dividends of Rs 3 each, amounts to Rs 235 (2350%) per share of Rs 10 each.
Exceptional Items: Standalone results for FY26 were impacted by an exceptional loss of Rs 5,495.85 million, primarily due to an impairment provision of Rs 4,996.50 million regarding the investment in subsidiary Kalyani Powertrain Limited (KPTL). KPTL is engaged in the electric mobility business, which has faced a weak business scenario globally.
Strategic Restructuring: The company evaluated a proposal for the phased restructuring of its German subsidiary, Bharat Forge CDP GmbH (BF CDP), due to market challenges and cost disadvantages, recording incidental restructuring expenses of Rs 425.64 million in standalone results.
Acquisition: The company acquired AAM India Manufacturing Corporation Private Limited (subsequently renamed K Drive Mobility Solutions Private Limited) on July 1, 2025, for a consideration of Rs 7,474.16 million.
Labour Code Impact: The Group evaluated the impact of the new Labour Codes and accounted for an increase in gratuity and leave liability aggregating to Rs 487.26 million in standalone results and Rs 557.15 million in consolidated results for FY26.

Result PDF

Adani Ports released operational update for May 2026

Published on 03-Jun-2026 09:01

LTM, on its Analyst day, outlined its newly rolled out Lakshya 2031 plan

Published on 03-Jun-2026 09:00

The Automotive Research Association of India (ARAI) has relaxed certification requirements for export vehicles

Published on 03-Jun-2026 08:56

India's passenger vehicle market is witnessing a significant shift toward alternative fuels

Published on 03-Jun-2026 08:54

Domestic printed circuit board (PCB) manufacturers have sought a 45-50% increase in prices and duty exemptions on key imported components

Published on 03-Jun-2026 08:50

Larsen & Toubro (L&T) has identified coal gasification as a key emerging opportunity within its new energy portfolio

Published on 02-Jun-2026 09:15

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