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BSE Greenex Results: Latest Quarterly Results & Analysis

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Power Grid Corporation of India Ltd. 18 May 2026 07:37 AM

Q4FY26 & FY26 Result Announced for Power Grid Corporation of India Ltd.

Power - Electric Utilities company Power Grid Corporation of India announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income: For Q4FY26, Total Income stood at Rs 11,970.69 crore, a decline of 4.92% YoY compared to Rs 12,590.80 crore in Q4FY25, and a decrease of 4.99% QoQ from Rs 12,599.08 crore in Q3FY26. For the full year FY26, Total Income marginally increased by 0.47% YoY to Rs 47,684.43 crore from Rs 47,459.38 crore in FY25.
  • Revenue from Operations: Recorded at Rs 11,665.61 crore in Q4FY26, down 4.97% YoY from Rs 12,275.35 crore in Q4FY25, and down 5.89% QoQ from Rs 12,395.09 crore in Q3FY26. For FY26, Revenue from Operations grew by 2.05% YoY to Rs 46,732.87 crore from Rs 45,792.32 crore in FY25.
  • Net Profit: Profit for the period was Rs 4,546.33 crore in Q4FY26, registering a growth of 9.74% YoY against Rs 4,142.87 crore in Q4FY25, and an 8.63% QoQ increase from Rs 4,184.96 crore in Q3FY26. For FY26, Net Profit increased by 2.62% YoY to Rs 15,927.95 crore from Rs 15,521.44 crore in FY25.

Standalone Financial Highlights:

  • Total Income: Stood at Rs 11,954.70 crore for Q4FY26, a decrease of 4.23% YoY compared to Rs 12,482.39 crore in Q4FY25, and a 3.87% QoQ decline from Rs 12,436.03 crore in Q3FY26. For FY26, Total Income grew by 1.45% YoY to Rs 46,995.88 crore from Rs 46,325.32 crore in FY25.
  • Revenue from Operations: Recorded at Rs 9,971.09 crore for Q4FY26, down 9.21% YoY from Rs 10,982.55 crore in Q4FY25, and a 9.40% QoQ decline from Rs 11,005.28 crore in Q3FY26. For FY26, Revenue from Operations decreased by 1.27% YoY to Rs 40,904.20 crore from Rs 41,431.49 crore in FY25.
  • Net Profit: For Q4FY26, Net Profit stood at Rs 4,552.80 crore, up 5.00% YoY from Rs 4,336.17 crore in Q4FY25, and up 9.44% QoQ from Rs 4,160.17 crore in Q3FY26. For FY26, Net Profit rose by 3.70% YoY to Rs 15,921.00 crore from Rs 15,353.57 crore in FY25.

Business & Segment Highlights:

  • Transmission Segment: Consolidated revenue for Q4FY26 stood at Rs 10,865.09 crore compared to Rs 11,710.65 crore in Q4FY25. For the full year FY26, the segment recorded a revenue of Rs 44,082.74 crore versus Rs 44,776.80 crore in FY25.
  • Consultancy Segment: Consolidated revenue for Q4FY26 was Rs 830.53 crore, showing significant growth from Rs 517.74 crore in Q4FY25. For FY26, segment revenue surged to Rs 2,347.36 crore from Rs 1,137.28 crore in FY25.
  • Telecom Segment: Consolidated revenue for Q4FY26 stood at Rs 315.73 crore against Rs 302.85 crore in Q4FY25. For FY26, segment revenue was Rs 1,195.07 crore compared to Rs 1,128.10 crore in FY25.
  • Dividend Announcement: The Board of Directors recommended a final dividend of Rs 1.25 per equity share of Rs 10 each for FY26. Combined with the 1st interim dividend of Rs 4.50 per share and the 2nd interim dividend of Rs 3.25 per share, the total dividend for FY26 amounts to Rs 9.00 per share.
  • Fund Raising: The Board approved raising funds up to Rs 5,000 crore through an Unsecured Rupee Term Loan / Line of Credit (Bank Facility) via competitive bidding from a consortium of bankers.
  • Divestment and Stake Sale: The Board accorded in-principle approval for the divestment of its entire equity stake in Central Transmission Utility of India Limited (CTUIL) to Grid Controller of India Limited (GRID-INDIA). Additionally, it approved the sale of its entire stake in joint ventures: Torrent Power Grid Limited, Sikkim Power Transmission Limited, and Parbati Koldam Transmission Company Limited.
  • Mergers & Corporate Restructuring: The company received approval from the Ministry of Corporate Affairs (MCA) on January 27, 2026, for schemes of arrangement involving the merger/amalgamation of several of its wholly-owned subsidiaries. This move aims to simplify the corporate structure and ensure ease of administration.

Result PDF

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

Aerospace & Defence company Hindustan Aeronautics announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations for Q4FY26 was Rs 13,94,240 lakh, compared to Rs 13,69,985 lakh in Q4FY25, representing a YoY increase of 1.77%. On a QoQ basis, revenue increased by 81.10% from Rs 7,69,880 lakh in Q3FY26.
  • Total Income for Q4FY26 stood at Rs 15,09,297 lakh, up 5.17% YoY from Rs 14,35,138 lakh and up 75.24% QoQ from Rs 8,61,260 lakh.
  • Net Profit for the Period for Q4FY26 was Rs 4,19,604 lakh, registering a YoY growth of 5.52% from Rs 3,97,663 lakh and a QoQ growth of 124.79% from Rs 1,86,666 lakh.
  • Annual Revenue from Operations for FY26 reached Rs 33,08,882 lakh, reflecting a 6.80% increase from Rs 30,98,095 lakh in FY25.
  • Annual Total Income for FY26 was Rs 36,78,795 lakh, compared to Rs 33,54,264 lakh in FY25, an increase of 9.68%.
  • Annual Net Profit for FY26 stood at Rs 9,11,552 lakh, showing an 8.98% growth over Rs 8,36,405 lakh in FY25.
  • Earnings Per Share (EPS) for Q4FY26 was Rs 62.74, compared to Rs 59.46 in Q4FY25. For the full year FY26, EPS reached Rs 136.30.

Standalone Financial Highlights:

  • Revenue from Operations for Q4FY26 was Rs 13,94,332 lakh, up 1.78% YoY from Rs 13,69,987 lakh and up 81.11% QoQ from Rs 7,69,887 lakh.
  • Total Income for the quarter stood at Rs 15,09,568 lakh, an increase of 5.18% YoY from Rs 14,35,261 lakh and up 75.28% QoQ from Rs 8,61,238 lakh.
  • Net Profit for the Period for Q4FY26 reached Rs 4,18,428 lakh, a YoY increase of 5.71% from Rs 3,95,825 lakh and a QoQ growth of 125.97% from Rs 1,85,172 lakh.
  • Annual Revenue from Operations for FY26 was Rs 33,08,979 lakh, compared to Rs 30,98,092 lakh in FY25.
  • Annual Net Profit for FY26 was Rs 9,07,567 lakh, growing by 9.12% from Rs 8,31,680 lakh in FY25.
  • Standalone Net Worth as of March 31, 2026, increased to Rs 40,86,251 lakh from Rs 34,84,285 lakh as of March 31, 2025.

Business Highlights:

  • Segment Performance: The Ministry of Corporate Affairs has exempted the company from the application of Ind AS 108 on "Operating Segment" as it is a Government company engaged in defence production.
  • Dividend: The Board of Directors at its meeting held on February 12, 2026, declared a first interim dividend of Rs 35 per equity share of Rs 5 each fully paid up (700%) for FY26.
  • Offset Credit Benefits: Following an EAC of ICAI opinion on March 7, 2026, the company prospectively accounted for Offset Credit benefits received free of charge. This recognition resulted in a revenue increase of Rs 11,317 lakh and a profit increase of Rs 9,527 lakh for the year.
  • Gratuity Ceiling Revision: The gratuity ceiling for eligible employees was revised from Rs 20 lakh to Rs 25 lakh effective October 1, 2025. The additional liability accruing to the company due to this change is Rs 32,733 lakh for FY26.
  • FPQ Provisional Recognition: Fixed Price Quotation (FPQ) sales for FY26 have been provisionally recognised based on FY25 prices without any escalation, as final prices are yet to be firmed up.
  • Inventory and Insurance: The company received a full and final settlement of Rs 1,033 lakh from insurance for company-owned inventory damaged during a 2022 flood.

Result PDF

Pharmaceuticals company Cipla announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Quarterly Revenue: Revenue from operations for Q4FY26 stood at Rs 6,541.20 crore, representing a decrease of 2.80% YoY compared to Rs 6,729.69 crore in Q4FY25. On a QoQ basis, revenue declined 7.54% from Rs 7,074.48 crore in Q3FY26.
  • Quarterly EBITDA: Consolidated EBITDA for Q4FY26 was Rs 997 crore, with an EBITDA margin of 15.2% of income from operations.
  • Quarterly Profit After Tax (PAT): PAT attributable to owners of the parent for Q4FY26 was Rs 554.64 crore, a decrease of 54.61% YoY from Rs 1,221.84 crore and a decline of 17.93% QoQ from Rs 675.80 crore.
  • Annual Revenue: For the full year FY26, consolidated revenue from operations reached Rs 28,162.59 crore, marking a growth of 2.23% YoY compared to Rs 27,547.62 crore in FY25.
  • Annual EBITDA: EBITDA for FY26 stood at Rs 5,925 crore, with a margin of 21.0%.
  • Annual Profit After Tax (PAT): Annual PAT attributable to owners for FY26 was Rs 3,879.23 crore, a decrease of 26.43% YoY compared to Rs 5,272.52 crore in FY25.
  • Cash Position: The company reported a strong net cash position of Rs 10,526 crore as of March 31, 2026.

Standalone Financial Highlights:

  • Quarterly Revenue: Standalone revenue from operations for Q4FY26 was Rs 4,209.98 crore, a decline of 12.25% YoY from Rs 4,797.89 crore and a decrease of 6.40% QoQ from Rs 4,498.08 crore.
  • Quarterly Profit After Tax (PAT): Standalone PAT for Q4FY26 was Rs 384.64 crore, down 74.11% YoY from Rs 1,485.40 crore and 37.65% QoQ from Rs 616.88 crore.
  • Annual Revenue: For the full year FY26, standalone revenue was Rs 18,979.95 crore, a marginal decrease of 0.34% YoY from Rs 19,044.85 crore in FY25.
  • Annual Profit After Tax (PAT): Standalone annual PAT stood at Rs 3,515.18 crore, a decline of 31.85% YoY from Rs 5,157.65 crore in FY25.
  • Dividend: The Board of Directors has recommended a final dividend of Rs 13 per equity share (face value of Rs 2 each) for the financial year ended March 31, 2026.

Business Highlights:

  • One India Business: This segment surpassed the Rs 12,500 crore annual revenue milestone in FY26. Quarterly sales for Q4FY26 grew by 15% YoY to Rs 3,007 crore.
    • Branded Prescription: Sustained growth in key chronic therapies (Respiratory, Urology, Anti-diabetes, and Cardiac). The chronic mix stood at 60.2%. The brand Foracort surpassed the Rs 1,000 crore threshold.
    • Trade Generics: Maintained strong double-digit growth supported by execution excellence and new introductions.
    • Consumer Health (CHL): Anchor brands like Nicotex, Omnigel, and Cipladine maintained leadership positions in their respective market segments.
  • North America: Delivered Q4FY26 revenue of USD 155 million and annual revenue of USD 780 million. The business secured regulatory approval for the first AB-rated gVentolin, the first commercial MDI product to be manufactured from the company's U.S. facility.
  • One Africa: Achieved robust quarterly growth of 21% YoY to Rs 1,236 crore. In South Africa specifically, quarterly revenue grew 33% YoY to Rs 984 crore.
  • Emerging Markets and Europe: The segment surpassed the USD 400 million annual revenue milestone. Q4FY26 sales stood at Rs 819 crore.
  • R&D Investments: For Q4FY26, R&D investment was Rs 509 crore, or 7.8% of sales, driven by product filings and development efforts.
  • Regulatory Update: USFDA completed inspections at manufacturing facilities in Bommasandra (Bengaluru), Sitec (Navi Mumbai), and Medispray (Goa), with all receiving 'VAI' or 'NAI' classifications.

Achin Gupta, MD and Global CEO, Cipla, said: “I am pleased to share that we continue to make considerable progress across our focused markets. In FY26, we recorded our highest-ever yearly revenue of Rs. 28,163 crore, reflecting the strength of our core businesses despite certain markets facing near-term challenges. Our One-India business surpassed the Rs. 12,500 crore annual revenue milestone. Key therapies in Branded Prescription business delivered robust double-digit growth, Trade Generics business sustained the strong growth momentum and anchor brands of Consumer Health Business maintained leadership position. The US business posted an annual revenue of USD 780 million supported by demand in our differentiated portfolio and a steady base business. In One Africa, we recorded a healthy annual growth of 7% YoY in USD terms, driven by firm performance across key markets. Emerging Markets and Europe crossed the USD 400 million annualised revenue threshold on the back of deep market focus strategy. Going ahead, the focus will be on growing our key markets, further building our flagship brands, investing in future pipeline as well as focusing on resolutions on the regulatory front”.

Result PDF

Gems & Jewellery company Titan Company announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income for Q4FY26 reached Rs 27,104 crore, representing a YoY growth of 80.31% compared to Rs 15,032 crore in Q4FY25 and a QoQ growth of 6.01% from Rs 25,567 crore in Q3FY26.
  • Profit before tax for Q4FY26 stood at Rs 1,577 crore, an increase of 29.47% YoY from Rs 1,218 crore in Q4FY25 and a decline of 29.06% QoQ from Rs 2,223 crore in Q3FY26.
  • Profit after tax for Q4FY26 was Rs 1,179 crore, registering a YoY increase of 35.36% from Rs 871 crore in Q4FY25 and a QoQ decline of 30.00% compared to Rs 1,684 crore in Q3FY26.
  • For FY26, Consolidated Total Income was Rs 88,136 crore, showing a significant growth of 44.62% YoY from Rs 60,942 crore in FY25.
  • Annual Consolidated Profit after tax for FY26 reached Rs 5,073 crore, marking a 52.02% YoY increase compared to Rs 3,337 crore in FY25.
  • The Consolidated Earnings per share (Basic) for Q4FY26 was Rs 13.28 and For FY26 it stood at Rs 57.19.

Standalone Financial Highlights:

  • Total Income for Q4FY26 was Rs 24,086 crore, reflecting a YoY growth of 77.18% from Rs 13,594 crore in Q4FY25 and a QoQ increase of 6.16% from Rs 22,689 crore in Q3FY26.
  • Standalone Profit before tax for Q4FY26 was Rs 1,486 crore, up 23.12% YoY from Rs 1,207 crore and down 24.61% QoQ from Rs 1,971 crore in Q3FY26.
  • Standalone Profit after tax for Q4FY26 reached Rs 1,124 crore, showing a YoY increase of 29.20% from Rs 870 crore and a QoQ decline of 23.54% from Rs 1,470 crore in Q3FY26.
  • For FY26, Standalone Total Income stood at Rs 78,089 crore, reflecting a 41.12% growth YoY from Rs 55,335 crore in FY25.
  • Annual Standalone Profit after tax for FY26 reached Rs 4,630 crore, representing a growth of 38.83% YoY over Rs 3,335 crore in FY25.
  • Standalone Earnings per share (Basic) for Q4FY26 was Rs 12.68 and for FY26 it was Rs 52.20.

Business Highlights

  • Jewellery Segment: The consolidated segment recorded Q4FY26 revenue of Rs 24,999 crore and an EBIT of Rs 1,820 crore. The jewellery portfolio (excluding Bullion and Digi-gold sales) grew 50% YoY to approximately Rs 18,195 crore. Domestic gold and studded product portfolios both grew 35% YoY during the quarter.
  • Watches Segment: The consolidated segment achieved Q4FY26 revenue of Rs 1,222 crore and an EBIT of Rs 143 crore. Analog watches recorded 15% growth during the quarter, while the Smart Watches segment witnessed nearly a 50% decline in overall value.
  • EyeCare Segment: This business achieved consolidated Total Income of Rs 227 crore in Q4FY26, representing a growth of 17% YoY, and recorded an EBIT of Rs 21 crore.
  • Others Segment: This segment (including SKINN Fragrances, IRTH Women's Bags, Taneira, Aerospace & Defence, and Automation Solutions) reported Q4FY26 consolidated revenue of Rs 577 crore and an EBIT of Rs 32 crore.
  • TEAL (Titan Engineering & Automation Limited): TEAL delivered a strong quarter with Total Income of Rs 454 crore for Q4FY26, growing 60% compared to Q4FY25, and an EBIT of Rs 81 crore.
  • Acquisitions and Expansion: Titan successfully completed its 67% acquisition of Damas Jewellery for a consideration of Rs 1,190 crore. The company added a net of 27 stores in India during Q4FY26, while the Damas acquisition added 123 stores to the international network.
  • Dividend: The Board of Directors recommended a Dividend of Rs 15.00 per Equity Share for FY26.

Ajoy Chawla, Managing Director, said: "FY26 has been a landmark year for Titan. We had crossed the Rs 50,000 crore annual revenue milestone in in FY25 after nearly 40 years. The next Rs 25,000 crore has been remarkably achieved in a single year of FY26. This is a reflection of the enduring strength of our brands, the trust of our consumers, and the unflinching commitment of every member of the Titan family.

The quarter performance was led by 'Festival of Diamonds' with our brands of Tanishq, Mia, Zaya, CaratLane, beYon and Damas striking the right chord with consumers across geographies and age groups. Our Watches business, through its innovative collections and continues to write a compelling story of premiumization and design excellence. Our Emerging Businesses are growing well whilst strengthening their customer value proposition to build the foundations for sustainable growth.

As we step into FY27 with optimism on the back of an exceptional FY26 performance, we are conscious of the macro volatility and fragile geopolitical situations that necessitate all around agility to respond effectively to grow our businesses. We remain committed to elevating Titan's competitive advantage, deepening customer engagement, and creating long-term value for all our stakeholders."

Result PDF

Specialty Chemicals company Pidilite Industries announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Net Sales for Q4FY26 stood at Rs 3,572 crore, representing a growth of 14.1% YoY compared to Rs 3,130 crore in Q4FY25.
  • For the full year FY26, consolidated Net Sales reached Rs 14,553 crore, up by 11.1% from Rs 13,094 crore in FY25.
  • EBITDA for the quarter Q4FY26 was Rs 833 crore, a significant increase of 31.6% YoY over Rs 633 crore in Q4FY25.
  • Annual EBITDA for FY26 stood at Rs 3,519 crore, reflecting a growth of 16.8% compared to Rs 3,013 crore in FY25.
  • The consolidated EBITDA margin for Q4FY26 improved to 23.3% from 20.2% in Q4FY25.
  • Profit After Tax (PAT) for Q4FY26 grew by 36.6% YoY to Rs 584 crore from Rs 428 crore.
  • For the full year FY26, Profit After Tax was Rs 2,471 crore, marking a 17.9% YoY growth from Rs 2,096 crore in FY25.

Standalone Financial Highlights:

  • Net Sales for Q4FY26 were Rs 3,272 crore, registering a growth of 15.3% YoY compared to Rs 2,839 crore in Q4FY25.
  • Annual Net Sales for FY26 reached Rs 13,437 crore, an 11.8% increase over Rs 12,023 crore in FY25.
  • EBITDA for Q4FY26 stood at Rs 766 crore, up by 31.1% YoY from Rs 584 crore.
  • For the full year FY26, Standalone EBITDA was Rs 3,300 crore, reflecting a 16.4% growth compared to Rs 2,835 crore in FY25.
  • The standalone EBITDA margin for Q4FY26 was 23.4% compared to 20.6% in the same quarter last year.
  • Profit After Tax (PAT) for Q4FY26 was Rs 547 crore, a growth of 22.8% YoY over Rs 446 crore in Q4FY25.
  • Annual Profit After Tax for FY26 reached Rs 2,384 crore, up 15.0% YoY from Rs 2,074 crore in FY25.

Business Highlights :

  • The company achieved a strong Underlying Volume Growth (UVG) of 15.3% in Q4FY26, compared to a full-year FY26 UVG of 11.8%.
  • The Board has proposed a Final Dividend of Rs 11.5 per share for the financial year ended 31st March, 2026.
  • Consumer & Bazaar (C&B) Segment: Standalone revenue for this segment grew by 15.9% YoY in Q4FY26 to Rs 2,561 crore, with a UVG of 15.4%. For the full year FY26, C&B revenue reached Rs 10,837 crore, a growth of 12.2%.
  • C&B segment EBIT for Q4FY26 stood at Rs 785 crore, showing a YoY growth of 34.7%.
  • Business to Business (B2B) Segment: Standalone revenue for this segment grew by 9.3% YoY in Q4FY26 to Rs 752 crore, with a UVG of 14.8%. For the full year FY26, B2B revenue was Rs 2,800 crore, up 8.1%.
  • B2B segment EBIT for Q4FY26 was Rs 146 crore, reflecting a growth of 17.2% YoY.
  • While the B2B project business maintained its growth momentum, industrial products export revenue was impacted due to the Middle East conflict.
  • Gross Margins on a standalone basis improved by approximately 100 bps over Q4 last year due to lower input costs and remained in line with Q3FY26.
  • On a consolidated basis, Gross Margins improved by approximately 160 bps compared to Q4 last year.

Sudhanshu Vats, Managing Director, Pidilite Industries Limited, said: "We have delivered strong mid-teens UVG and Revenue growth with robust expansion in margins, underscoring the strength of our brands and business model. Consumer & Bazaar segment continued to accelerate, while Business-to-Business segment made steady progress despite external challenges. Looking ahead, we are confident of our disciplined execution as we navigate the current supply side environment. We expect the momentum in domestic demand to continue as we manage the potential impact on input costs in the year ahead. Our strategic focus remains on driving consistent, profitable, volume-led growth through continued investments in innovation, brand building, and strengthening our supply chain capabilities. This balanced approach will help us sustain momentum while mitigating risks from external volatility."

Result PDF

Cars & Utility Vehicles company Mahindra & Mahindra announced Q4FY26 & FY26 results

Standalone Financial Highlights:

  • Revenue from operations for Q4FY26 reached Rs 39,554.13 crore, reflecting a YoY growth of 26.15% compared to Rs 31,353.40 crore in Q4FY25 and a QoQ increase of 2.69% from Rs 38,516.81 crore in Q3FY26.
  • For FY26, standalone revenue from operations stood at Rs 1,45,575.77 crore, representing a growth of 24.98% over Rs 1,16,483.68 crore in FY25.
  • Total Income for Q4FY26 was Rs 40,244.81 crore, showing a YoY increase of 25.29% from Rs 32,121.21 crore in Q4FY25 and a QoQ growth of 1.53% from Rs 39,639.45 crore in Q3FY26.
  • The annual Total Income for FY26 reached Rs 1,50,540.29 crore compared to Rs 1,20,336.40 crore in FY25.
  • Profit before tax (PBT) for Q4FY26 was Rs 4,881.24 crore, an increase of 45.93% YoY from Rs 3,345.02 crore in Q4FY25, but a QoQ decline of 6.17% compared to Rs 5,202.27 crore in Q3FY26.
  • For FY26, standalone PBT grew by 31.78% to Rs 20,624.21 crore from Rs 15,650.12 crore in FY25.
  • Profit after tax (PAT) for Q4FY26 stood at Rs 3,737.27 crore, marking a 53.35% YoY increase from Rs 2,437.14 crore in Q4FY25 and a 4.94% QoQ decrease from Rs 3,931.30 crore in Q3FY26.
  • The annual PAT for FY26 was Rs 15,638.93 crore, representing a 31.92% growth over FY25 Rs 11,854.96 crore.
  • Basic Earnings Per Share (EPS) for Q4FY26 was Rs 31.10, while FY26 EPS reached Rs 130.18 compared to Rs 98.80 in FY25.

Consolidated Financial Highlights:

  • Consolidated Revenue from operations for Q4FY26 reached Rs 54,891.55 crore, a YoY increase of 28.89% from Rs 42,585.67 crore in Q4FY25 and a QoQ increase of 6.42% from Rs 51,579.95 crore in Q3FY26.
  • Annual consolidated revenue for FY26 stood at Rs 1,97,792.78 crore, reflecting a 24.59% growth from Rs 1,58,749.75 crore in FY25.
  • Total Income for Q4FY26 reached Rs 55,976.75 crore, marking a YoY growth of 29.27% from Rs 43,301.04 crore in Q4FY25 and a QoQ growth of 5.7% from Rs 52,958.27 crore in Q3FY26.
  • The annual consolidated Total Income for FY26 reached Rs 2,02,084.34 crore compared to Rs 1,61,391.87 crore in FY25.
  • Consolidated PBT for Q4FY26 was Rs 6,914.10 crore, a 49.43% YoY increase from Rs 4,626.80 crore in Q4FY25 and a 5.26% QoQ increase from Rs 6,568.62 crore in Q3FY26.
  • For FY26, consolidated PBT grew by 32.0% to Rs 25,184.76 crore from Rs 19,079.62 crore in FY25.
  • Consolidated PAT for Q4FY26 stood at Rs 5,259.91 crore, a 48.51% YoY increase from Rs 3,541.85 crore in Q4FY25 and a 4.75% QoQ increase from Rs 5,021.47 crore in Q3FY26.
  • The annual consolidated PAT for FY26 was Rs 18,621.71 crore, representing a 32.32% growth over FY25 Rs 14,073.17 crore.
  • Basic consolidated EPS for Q4FY26 was Rs 41.77, with the annual FY26 EPS at Rs 153.10 compared to Rs 115.91 in FY25.

Business Highlights

  • Dividend: The Board of Directors recommended a final dividend of Rs 33.00 (660%) per equity share of face value Rs 5 each for FY26.
  • Exceptional Items: The group recognized an exceptional item of Rs 292.94 crore for the year ended March 31, 2026, due to the incremental impact on retiral benefits following the notification of the new Labour Codes.
  • Segment Performance (Consolidated FY26 Revenue):
    • Automotive: Segment revenue for FY26 reached Rs 1,17,834.13 crore, marking a 29.74% YoY increase from Rs 90,824.58 crore in FY25.
    • Farm Equipment: Segment revenue for FY26 reached Rs 42,568.39 crore, showing a growth of 20.33% over FY25 Rs 35,375.30 crore.
    • Financial Services: Segment revenue for FY26 was Rs 20,949.32 crore, reflecting a 14.5% YoY increase from Rs 18,295.83 crore in FY25.
    • Industrial Businesses and Consumer Services: Segment revenue for FY26 reached Rs 22,748.93 crore, a YoY growth of 19.91% compared to Rs 18,971.43 crore in FY25.
  • Borrowings: Outstanding long-term borrowings as of March 31, 2026, stood at Rs 1,056.09 crore compared to Rs 1,135.05 crore at the start of the financial year.
  • Asset Performance: Consolidated total assets grew to Rs 3,17,634.64 crore as of March 31, 2026, up from Rs 2,77,586.27 crore as of March 31, 2025.

Result PDF

Department Stores company Avenue Supermarts announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Revenue for Q4FY26 stood at Rs 17,684 crore, as compared to Rs 14,872 crore in Q4FY25. EBITDA in Q4FY26 stood at Rs 1,211 crore, as compared to Rs 955 crore in Q4FY25. EBITDA margin stood at 6.8% in Q4FY26 as compared to 6.4% in Q4FY25.
  • Net Profit stood at Rs 656 crore for Q4FY26, as compared to Rs 551 crore in Q4FY25. PAT margin stood at 3.7% in Q4FY26 as compared to 3.7% in Q4FY25.
  • Basic Earnings per share (EPS) for Q4FY26 stood at Rs 10.09, as compared to Rs 8.47 for Q4FY25.
  • Total Revenue for FY26 stood at Rs 68,821 crore, as compared to Rs 59,358 crore in FY26. EBITDA in FY26 stood at Rs 5,187 crore, as compared to Rs 4,487 crore during FY25. EBITDA margin stood at 7.5% in FY26 as compared to 7.6% in FY25.
  • Net Profit stood at Rs 2,970 crore for FY26, as compared to Rs 2,707 crore in FY25. PAT margin stood at 4.3% in FY26 as compared to 4.6% in FY25.
  • Basic Earnings per share (EPS) for FY26 stood at Rs 45.65 as compared to Rs 41.61 for FY25.

Standalone Financial Highlights:

  • Total Revenue for Q4FY26 stood at Rs 17,205 crore, as compared to Rs 14,462 crore in Q4FY25. EBITDA in Q4FY26 stood at Rs 1,231 crore, as compared to Rs 981 crore in Q4FY25. EBITDA margin stood at 7.2% in Q4FY26 as compared to 6.8% in Q4FY25.
  • Net Profit stood at Rs 725 crore for Q4FY26, as compared to Rs 620 crore in Q4FY25. PAT margin stood at 4.2% in Q4FY26 as compared to 4.3% in Q4FY25.
  • Basic Earnings per share (EPS) for Q4FY26 stood at Rs 11.13, as compared to Rs 9.52 for Q4FY25.
  • Total Revenue for FY26 stood at Rs 66,968 crore, as compared to Rs 57,790 crore in FY26. EBITDA in FY26 stood at Rs 5,255 crore, as compared to Rs 4,543 crore during FY25. EBITDA margin stood at 7.8% in FY26 as compared to 7.9% in FY25.
  • Net Profit stood at Rs 3,224 crore for FY26, as compared to Rs 2,927 crore in FY25. PAT margin stood at 4.8% in FY26 as compared to 5.1% in FY25.
  • Basic Earnings per share (EPS) for FY26 stood at Rs 49.54, as compared to Rs 44.98 for FY25.

Anshul Asawa, Managing Director & CEO, Avenue Supermarts, said: “Our revenue in Q4FY26 grew by 19.0% over the previous year. PAT grew by 16.9% over the previous year. Two years and older DMart stores grew by 10.8% during Q4FY26 as compared to 8.1% in Q4FY25. Gross margins saw slight improvement and costs are largely in-line with business growth.

Geopolitical tensions led to some spike in consumer-buying during the month of March 2026 which normalized towards the end of the month. Our business has largely not witnessed any supply chain disruptions thus far.

We opened 58 new stores during the quarter and also reached the landmark achievement of 500 DMart stores. This was made possible by the dedication of our employees and the trust our customers have placed in us every single day”.

Vikram Dasu, Whole Time Director & CEO, Avenue E-Commerce, said: “Our DMart Ready business continues to focus in key metro towns. We have further rationalized our delivery channels with renewed focus on home delivery as the preferred channel. We have discontinued our operations in one city during the quarter. As of March 31, 2026, we operate in 18 cities”.

Result PDF

Commodity Trading & Distribution company Adani Enterprises announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Total Income: Rs 33,187 crore against Rs 27,602 crore during Q4FY25, change 10%.
  • EBITDA: Rs 4,479 crore against Rs 4,346 crore during Q4FY25, change 3%.
  • PBT: Rs 729 crore against Rs 5,259 crore during Q4FY25, change -86%.
  • PAT: Rs -221 crore against Rs 3,845 crore during Q4FY25.

FY26 Financial Highlights:

  • Total Income: Rs 1,02,943 crore against Rs 1,00,365 crore during FY25, change 3%.
  • EBITDA: Rs 16,464 crore against Rs 16,722 crore during FY25, change -2%.
  • PBT: Rs 13,525 crore against Rs 10,479 crore during FY25, change 29%.
  • PAT: Rs 9,339 crore against Rs 7,112 crore during FY25, change 31%.

Gautam Adani, Chairman, Adani Group, said: “Adani Enterprises has delivered yet another year of disciplined execution, stable EBITDA and continued momentum across our core infrastructure and incubation platforms.”

“What is particularly encouraging is that majority of the EBITDA is now led by our core infrastructure incubating businesses and stable mining services, reflecting the maturity and scale of our operating portfolio. FY26 has also been a year of decisive progress in building and making ready some of the large infraassets of the Navi Mumbai International Airport, Guwahati Airport and the Ganga Expressway. As India’s growth accelerates, we continue to focus on building and scaling globally competitive infrastructure businesses with our robust project pipeline.”

Result PDF

Personal Products company Hindustan Unilever announced Q4FY26 & FY26 results

Q4FY26 Consolidated Quarterly Results

  • Turnover/Revenue from Operations: Rs 16,172 crore in Q4FY26 compared to Rs 14,955 crore in Q4FY25, representing a YoY growth of 8.14%. On a QoQ basis, it decreased slightly from Rs 16,197 crore in Q3FY26.
  • EBITDA: Rs 3,841 crore in Q4FY26, reflecting a 6% growth compared to Rs 3,619 crore in Q4FY25.
  • EBITDA Margin: 23.7% in Q4FY26, which declined by 50 bps compared to 24.2% in Q4FY25.
  • Profit Before Tax (PBT): Rs 3,924 crore in Q4FY26 compared to Rs 3,398 crore in Q4FY25 (up 15.48% YoY) and Rs 2,919 crore in Q3FY26 (up 34.43% QoQ).
  • Profit After Tax (PAT) from Continuing Operations: Rs 3,002 crore in Q4FY26 compared to Rs 2,501 crore in Q4FY25 (up 20.03% YoY) and Rs 2,118 crore in Q3FY26 (up 41.74% QoQ).
  • PAT before exceptional items (PAT bei): Rs 2,711 crore in Q4FY26, growing 4% YoY compared to Rs 2,616 crore in Q4FY25.
  • Underlying Sales Growth (USG): 7% in Q4FY26.
  • Underlying Volume Growth (UVG): 6% in Q4FY26.

FY26 Consolidated Annual Results

  • Turnover: Rs 63,763 crore for FY26 compared to Rs 60,573 crore for FY25, a growth of 5.27% YoY.
  • EBITDA: Rs 15,054 crore in FY26, a growth of 2% YoY compared to FY25.
  • EBITDA Margin: 23.6% in FY26, down 70 bps YoY.
  • Profit Before Tax (PBT): Rs 13,812 crore in FY26 compared to Rs 14,428 crore in FY25, a decrease of 4.27%.
  • Profit After Tax (PAT) from Continuing Operations: Rs 10,652 crore in FY26 compared to Rs 10,680 crore in FY25.
  • PAT before exceptional items (PAT bei): Rs 10,324 crore in FY26, which remained flat compared to the previous year.
  • Dividend: The Board recommended a final dividend of Rs 22 per share. Total dividend for FY26 amounts to Rs 41 per equity share (including Rs 19 interim dividend).

Q4FY26 Standalone Quarterly Results

  • Sale of Products: Rs 15,599 crore in Q4FY26 compared to Rs 14,539 crore in Q4FY25 (up 7.29% YoY). On a QoQ basis, it decreased from Rs 15,614 crore in Q3FY26.
  • Total Income: Rs 15,996 crore in Q4FY26 compared to Rs 15,033 crore in Q4FY25 (up 6.41% YoY) and Rs 16,026 crore in Q3FY26.
  • Profit Before Tax (PBT): Rs 3,834 crore in Q4FY26 compared to Rs 3,390 crore in Q4FY25 (up 13.1% YoY) and Rs 3,366 crore in Q3FY26 (up 13.9% QoQ).
  • Profit After Tax (PAT): Rs 2,938 crore in Q4FY26 compared to Rs 2,519 crore in Q4FY25 (up 16.63% YoY) and Rs 2,590 crore in Q3FY26 (up 13.44% QoQ).

FY26 Standalone Annual Results

  • Total Income: Rs 62,934 crore in FY26 compared to Rs 60,853 crore in FY25, up 3.42% YoY.
  • Profit Before Tax (PBT): Rs 14,080 crore in FY26 compared to Rs 14,313 crore in FY25, down 1.63% YoY.
  • Profit After Tax (PAT): Rs 11,020 crore in FY26 compared to Rs 10,653 crore in FY25, up 3.44% YoY.

Business Highlights

  • Q4FY26 Segment-wise Performance:
    • Home Care: Revenue of Rs 6,344 crore with a segment margin of 19%. Achieved 9% USG and High-single digit UVG.
    • Beauty & Wellbeing: Revenue of Rs 3,698 crore with a segment margin of 29%. Achieved 8% USG and Mid-single digit UVG.
    • Personal Care: Revenue of Rs 2,229 crore with a segment margin of 19%. Achieved 5% USG and Low-single digit UVG decline.
    • Foods: Revenue of Rs 3,566 crore with a segment margin of 20%. Achieved 5% USG and High-single digit UVG.
  • FY26 Segment-wise Performance:
    • Home Care: Revenue of Rs 23,672 crore (YoY: Rs 22,958 crore) with a segment margin of 19%. USG stood at 4%.
    • Beauty & Wellbeing: Revenue of Rs 14,990 crore (YoY: Rs 13,523 crore) with a segment margin of 28%. USG stood at 6%.
    • Personal Care: Revenue of Rs 9,564 crore (YoY: Rs 9,166 crore) with a segment margin of 19%. USG stood at 4%.
    • Foods: Revenue of Rs 14,061 crore (YoY: Rs 13,501 crore) with a segment margin of 20%. USG stood at 5%.

Priya Nair, CEO and Managing Director, said: "FY26 witnessed an improved demand environment driven by supportive macro-economic policies. During the year, we took decisive actions to accelerate growth, including sharpening our portfolio, scaling investments to create desire at scale, strengthening frontline demand generation capabilities, and simplifying the organisation to drive speed, focus, and execution. These initiatives resulted in consistent improvement in performance through the year with 8% Revenue Growth and 7% Underlying Sales Growth in the March quarter, translating into 5% Underlying Sales Growth for the financial year.

More recently, heightened geopolitical tensions have led to commodity and currency volatility. We are navigating these headwinds through disciplined savings, the resilience of our global and local supply chain and calibrated pricing actions. Looking ahead, we are well positioned to navigate this volatile operating environment, supported by our strong brands, robust financial position and operational agility. We are focussed on strengthening our consumer franchise while delivering sustainable and competitive growth."

Result PDF

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