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BSE Internet Economy Results: Latest Quarterly Results & Analysis

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Info Edge (India) Ltd. 22 May 2026 14:20 PM

Q4FY26 & FY26 Result Announced for Info Edge (India) Ltd.

Internet & Catalogue Retail company Info Edge (India) announced Q4FY26 & FY26 results

Standalone Financial Highlights:

  • Revenue from Operations:
    • Q4FY26: Rs 8,050.96 million, compared to Rs 7,645.53 million in Q3FY26 (QoQ increase of 5.31%) and Rs 6,870.92 million in Q4FY25 (YoY increase of 17.22%).
    • FY26: Rs 30,520.29 million, compared to Rs 26,536.13 million in FY25 (YoY increase of 15.01%).
  • Total Income:
    • Q4FY26: Rs 8,813.60 million, compared to Rs 8,456.60 million in Q3FY26 (QoQ increase of 4.22%) and Rs 7,654.59 million in Q4FY25 (YoY increase of 15.14%).
    • FY26: Rs 33,874.19 million, compared to Rs 29,673.88 million in FY25 (YoY increase of 14.16%).
  • Net Profit After Tax:
    • Q4FY26: Rs 3,091.34 million, compared to Rs 2,464.57 million in Q3FY26 (QoQ increase of 25.43%) and Rs 2,550.65 million in Q4FY25 (YoY increase of 21.20%).
    • FY26: Rs 55,357.08 million, compared to Rs 7,734.20 million in FY25 (YoY increase of 615.89%).

Consolidated Financial Highlights:

  • Revenue from Operations:
    • Q4FY26: Rs 8,690.05 million, compared to Rs 8,194.14 million in Q3FY26 (QoQ increase of 6.05%) and Rs 7,496.25 million in Q4FY25 (YoY increase of 15.93%).
    • FY26: Rs 32,847.32 million, compared to Rs 28,495.51 million in FY25 (YoY increase of 15.27%).
  • Total Income:
    • Q4FY26: Rs 13,650.35 million, compared to Rs 10,069.50 million in Q3FY26 (QoQ increase of 35.56%) and Rs 12,704.50 million in Q4FY25 (YoY increase of 7.44%).
    • FY26: Rs 43,432.86 million, compared to Rs 39,227.98 million in FY25 (YoY increase of 10.72%).
  • Net Profit for the Period:
    • Q4FY26: Rs 7,557.49 million, compared to Rs 3,167.40 million in Q3FY26 (QoQ increase of 138.60%) and Rs 6,778.92 million in Q4FY25 (YoY increase of 11.48%).
    • FY26: Rs 17,628.42 million, compared to Rs 13,099.01 million in FY25 (YoY increase of 34.58%).

Business Highlights:

  • Dividend: The Board has recommended a final dividend of Rs 3.60 per equity share (on a face value of Rs 2/- each) for FY26, subject to shareholder approval at the 31st AGM.
  • AGM: The 31st Annual General Meeting is scheduled for Tuesday, August 25, 2026, to be held via Video Conferencing/Other Audio-Visual Means.
  • Operational Performance:
    • The Company reported standalone operating profit margins of 40.1% for Q4FY26, reflecting a year-over-year improvement of 639 bps.
    • Recruitment business billings grew 9.5% YoY in Q4FY26.
    • 99acres saw continued market share gains, with live new project listings growing 28% YoY in Q4.
    • Jeevansathi continued to generate cash from operations in Q4FY26.
  • Investments: The company holds 21 active financial investments in its portfolio of technology-based startups with a total carrying value of Rs 781 crore. Notable investments include Eternal (12.43% shareholding) and PB Fintech (12.12% shareholding).
  • Strategic Investments: The company holds strategic investments in Aisle, Zwayam, Axilly Labs, Terralytics, Sunrise Mentors, and NoPaperForms Solutions.

Hitesh Oberoi, Managing Director & Chief Executive Officer, said: “FY26 was a steady year. Topline grew at a measured pace, and operating margins improved through the year, especially in the Recruitment business. 99acres and Jeevansathi continued to gain market share and strengthen their market positions. We also made significant progress in deploying AI across our businesses, deepening its usage in matching, recommendations, and developing new AI-native products and features, improving the value we deliver to users and customers.”

Ambarish Raghuvanshi, CFO, said: “FY26 saw steady improvement across key financial metrics. Revenue grew by 15%, and operating profit by 17% for the Standalone business. Cash generated from operations (pre-tax) from the Recruitment business was Rs 1,513 crore, and our non-recruitment businesses on a combined basis were also cash profitable for the full year.”

Result PDF

Telecom Services company Vodafone Idea announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations: Stood at Rs 11,332 crore in Q4FY26, posting a YoY growth of 2.87% compared to Rs 11,015 crore in Q4FY25, and a marginal QoQ increase from Rs 11,323 crore in Q3FY26 (the company noted a 2.3% sequential growth on an equal-day basis). For the full year FY26, revenue grew by 2.98% to Rs 44,873 crore from Rs 43,572 crore in FY25.
  • Total Income: Reported at Rs 11,436 crore in Q4FY26, a slight decrease of 0.69% QoQ from Rs 11,516 crore in Q3FY26, but an increase of 1.84% YoY from Rs 11,229 crore in Q4FY25. For FY26, total income stood at Rs 45,414 crore compared to Rs 44,592 crore in FY25.
  • EBITDA: Reached Rs 4,889 crore in Q4FY26, recording a YoY growth of 4.9% compared to Rs 4,660 crore in Q4FY25. For FY26, EBITDA increased by 4.8% to Rs 19,003 crore from Rs 18,127 crore in FY25.
  • Profit/Loss After Tax (PAT): The company reported a massive net profit of Rs 51,970 crore in Q4FY26, marking a substantial turnaround primarily driven by an exceptional gain. This compares to a net loss of Rs 5,286 crore in Q3FY26 and a net loss of Rs 7,167 crore in Q4FY25. For FY26, PAT stood at a profit of Rs 34,552 crore against a net loss of Rs 27,384 crore in FY25.

Standalone Financial Highlights:

  • Revenue from Operations: Reached Rs 11,197 crore in Q4FY26, representing a marginal decline of 0.15% QoQ from Rs 11,214 crore in Q3FY26, but a 2.91% YoY increase from Rs 10,880 crore in Q4FY25. For FY26, revenue stood at Rs 44,385 crore, up from Rs 43,157 crore in FY25.
  • Total Income: Stood at Rs 11,305 crore in Q4FY26, down 0.94% QoQ from Rs 11,413 crore in Q3FY26, but up 1.86% YoY from Rs 11,098 crore in Q4FY25. For FY26, total income was Rs 44,949 crore versus Rs 44,183 crore in FY25.
  • Profit/Loss After Tax (PAT): Reported a net profit of Rs 52,022 crore in Q4FY26, shifting from a net loss of Rs 5,324 crore in Q3FY26 and a net loss of Rs 7,268 crore in Q4FY25. For FY26, the standalone profit stood at Rs 34,482 crore compared to a loss of Rs 27,442 crore in FY25.

Business & Segment Highlights:

  • Segment Performance: The Group operates in only one reportable segment, which is Mobility. Therefore, no separate segment-wise disclosure is required.
  • Subscriber Base & ARPU: The customer base stabilized at 192.8 million, with monthly subscriber additions turning positive since February 2026. The 4G/5G subscriber base grew to 128.9 million from 126.4 million in Q4FY25. Customer ARPU reached Rs 190 in Q4FY26, achieving the industry's highest YoY growth of 8.3% compared to Rs 175 in Q4FY25.
  • Network & 5G Rollout: Vi 5G services are now live in 83 cities across all 17 priority circles where the company holds 5G spectrum. 4G population coverage increased to 86.3% as of March 2026, bringing an incremental 48.2 million population under coverage. Total unique broadband towers stood at 202,008, with over 17,300 towers added during the year. 4G data capacity increased by over 12% compared to FY25.
  • Capex & Liquidity: Capex spend for Q4FY26 and the full year FY26 stood at Rs 2,294 crore and Rs 8,742 crore, respectively. As of March 31, 2026, bank debt significantly reduced to Rs 726 crore from Rs 2,326 crore in the previous year. The cash and bank balance stood at Rs 3,715 crore.
  • AGR Dues & Exceptional Gain: The Department of Telecommunications (DoT) finalized the AGR dues at Rs 64,046 crore. The resulting difference of Rs 55,622 crore (including the impact of the reassessed amount) and the net impact of other related provisions were recognized as a one-time accounting gain under exceptional items, fortifying the balance sheet.
  • Equity Infusion: The Board approved the issuance of fully convertible warrants of Rs 4,730 crore (USD 500 million) to an Aditya Birla Group (promoter) entity on a preferential basis.
  • Credit Rating: ICRA upgraded the company's credit rating and outlook from [ICRA] BBB-(Stable) to [ICRA] BBB(Positive) in March 2026.

Abhijit Kishore, CEO, Vodafone Idea Limited - “The gains from the capex investments and network rollout are now clearly visible. Q4FY26 marks a decisive step forward with all seven key parameters that we benchmark our performance to, demonstrating sequential improvement. Most significantly, our subscriber addition turned net positive since February 2026, a meaningful milestone that reflects the impact of our sustained network investment. We also expanded our 4G coverage to include a population of over 48 million and our 5G experience is now live in over 80 cities in line with our commitment to strengthen the network and deliver superior customer experience. Our focus is on execution and in ensuring that the momentum only accelerates from here on. “

Result PDF

Telecom Services company Bharti Airtel announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Revenue from Operations for Q4FY26 stood at Rs 553,832 million, representing a growth of 15.7% YoY compared to Rs 478,762 million in Q4FY25 and a growth of 2.6% QoQ compared to Rs 539,816 million in Q3FY26.
  • Total Revenue from Operations for the full year FY26 reached Rs 2,109,728 million, up 22.0% YoY from Rs 1,729,852 million in FY25.
  • EBITDA for the quarter Q4FY26 was Rs 320,382 million, an increase of 16.9% YoY from Rs 274,043 million and an increase of 2.9% QoQ from Rs 311,436 million. The EBITDA margin stood at 57.8% in Q4FY26 vs 57.2% in Q4FY25.
  • Annual EBITDA for FY26 stood at Rs 1,212,676 million, a growth of 15.5% over Rs 1,049,994 million in FY25.
  • Net Profit (Profit for the period) for Q4FY26 was Rs 92,474 million, reflecting a decrease of 25.9% YoY from Rs 124,758 million in Q4FY25, but an increase of 8.8% QoQ from Rs 85,028 million in Q3FY26.
  • Annual Net Profit for FY26 was Rs 338,228 million, a decrease of 9.8% compared to Rs 374,813 million in FY25.
  • Consolidated Net Income (before Exceptional items) for Q4FY26 was Rs 72,449 million compared to Rs 52,226 million in Q4FY25.
  • Earnings Per Share (EPS) for Q4FY26 was Rs 12.53 (Basic) and Rs 12.15 (Diluted). For the full year FY26, Basic EPS stood at Rs 45.96 and Diluted EPS at Rs 44.37.

Standalone Financial Highlights:

  • Revenue from Operations for Q4FY26 was Rs 312,964 million, up 9.4% YoY from Rs 286,083 million in Q4FY25 and up 1.4% QoQ from Rs 308,548 million in Q3FY26.
  • Total Revenue from Operations for FY26 was Rs 1,214,927 million, a growth of 11.5% YoY from Rs 1,089,439 million in FY25.
  • Total Income for Q4FY26 stood at Rs 320,838 million, representing an 11.3% YoY increase and a 2.4% QoQ increase.
  • Net Profit for Q4FY26 was Rs 13,445 million, a significant decrease from Rs 93,176 million in Q4FY25 and Rs 40,907 million in Q3FY26.
  • Annual Net Profit for FY26 was Rs 137,445 million, a decrease of 41.5% from Rs 235,018 million in FY25.
  • Profit before Exceptional items and tax for the full year FY26 was Rs 227,916 million, up from Rs 143,729 million in FY25.

Business Highlights:

  • Mobile Services India: Segment revenue for FY26 reached Rs 1,129,954 million, a growth of 12.7% YoY. In Q4FY26, revenue was Rs 288,305 million, up 8.2% YoY. The segment added 5.8 million smartphone customers during the quarter.
  • Mobile Services Africa: Segment revenue for FY26 was Rs 568,064 million, an increase of 35.6% YoY. In Q4FY26, revenue stood at Rs 160,335 million, reflecting a growth of 41.0% YoY.
  • Airtel Business: Revenue for FY26 reached Rs 211,766 million. In Q4FY26, the segment reported revenue of Rs 54,904 million, a 3.3% YoY increase.
  • Homes Services: Revenue for FY26 was Rs 77,747 million, up 31.7% YoY. The segment added 1.1 million customers in Q4FY26, reaching a total base of 14.2 million.
  • Digital TV Services: Revenue for FY26 stood at Rs 30,179 million, with a customer base of 16.0 million as of March 31, 2026.
  • Passive Infrastructure Services (Indus Towers): Revenue for FY26 was Rs 326,944 million. As of March 31, 2026, the company operated 264,514 macro towers.
  • Average Revenue Per User (ARPU): India Mobile ARPU stood at Rs 257 in Q4FY26, compared to Rs 245 in Q4FY25.
  • Strategic Investments: Airtel announced an investment of USD 1 billion in Nxtra Data Limited by Alpha Wave Global, Carlyle, and Anchorage Capital to expand its data center network in India.
  • Financial Services Expansion: The company plans to capitalise its NBFC subsidiary, Airtel Money Limited, with Rs 20,000 crore to narrow the credit gap in India.

Gopal Vittal, Executive Vice Chairman, said: We ended FY26 on a strong note, demonstrating the power of our diversified portfolio. FY26 was an important year in our journey – we crossed the 650 million customer mark, launched our telco-grade sovereign cloud, received RBI approval through our subsidiary to commence the lending business, and accelerated the expansion of our data centre footprint. We will continue to accelerate our investments towards building world-class digital networks, future-proof Airtel by putting AI at the heart and sharpen our portfolio for long-term growth. In addition, a major focus for us is to completely eliminate diesel from our operations. We are working with Indus Towers to scale clean energy.

Consolidated revenue for the quarter came in at Rs 55,383 crore with a sequential growth of 2.6%. Africa had a standout performance. India revenue, including passive infrastructure services, grew 0.9% sequentially, while Africa delivered a constant currency growth of 1.1% QoQ.

India Mobile achieved sequential growth of 0.6%, despite two lesser number of days in the quarter. We added 5.8 million smartphone customers and 0.8 million postpaid customers, underscoring our focus on quality customers and portfolio premiumization. Our industry-leading ARPU stood at Rs 257.

The Homes business sustained a robust growth trajectory with a sequential revenue increase of 9.5%, led by 1.1 million net customer additions. Our IPTV offering continues to gain traction, delivering strongly on our convergence strategy.

Airtel Business grew sequentially by 2.6%, driven by strong performance across our connectivity and digital portfolio.

Our balance sheet strength is underpinned by disciplined execution and prudent capital allocation. At the same time, we believe further tariff repair remains critical to support continued investments and long-term value creation

Result PDF

Capital Markets company Multi Commodity Exchange of India announced Q4FY26 & FY26 results

Financial Highlights:

  • Revenue from Operations: Stood at Rs 889 crore in Q4FY26, registering a growth of 205% YoY (from Rs 291 crore in Q4FY25) and a 34% QoQ increase (from Rs 666 crore in Q3FY26). For FY26, revenue from operations grew by 107% YoY to Rs 2,302 crore compared to Rs 1,113 crore in FY25.
  • Total Income: Reached Rs 925 crore in Q4FY26, reflecting a 189% YoY growth (from Rs 320 crore in Q4FY25) and a 33% QoQ growth (from Rs 697 crore in Q3FY26). For the full year FY26, total income stood at Rs 2,429 crore, up by 101% YoY from Rs 1,209 crore in FY25.
  • EBITDA: Recorded at Rs 703 crore in Q4FY26, surging by 271% YoY (from Rs 189 crore in Q4FY25) and 33% QoQ (from Rs 527 crore in Q3FY26). For FY26, EBITDA increased by 133% YoY to Rs 1,774 crore (from Rs 762 crore in FY25), with a strong EBITDA margin of 73%.
  • Profit Before Tax (PBT): Posted at Rs 682 crore in Q4FY26, witnessing a massive 305% YoY growth (from Rs 168 crore in Q4FY25) and a 36% QoQ increase (from Rs 503 crore in Q3FY26). For FY26, PBT grew by 142% YoY to Rs 1,690 crore against Rs 699 crore in FY25.
  • Profit After Tax (PAT): Clocked at Rs 530 crore in Q4FY26, marking a 291% YoY growth (from Rs 135 crore in Q4FY25) and a 32% QoQ rise (from Rs 401 crore in Q3FY26). The PAT for FY26 more than doubled, increasing by 138% YoY to Rs 1,332 crore from Rs 560 crore in FY25.

Business Highlights

  • Dividend: The Board of Directors recommended a final dividend of Rs 8 per share (on a face value of Rs 2 per share), subject to shareholder approval.
  • Average Daily Turnover (ADT): Reached a record Rs 5.4 lakh crore, registering an impressive growth of 145% YoY.
  • Revenue Mix: Achieved balanced growth across derivatives, with Future revenue standing at Rs 693 crore (up by 136%) and Option revenue at Rs 1,398 crore (up by 109%).
  • Participation Growth: The number of traded clients increased significantly to 20.90 lakh in FY26 from 13 lakh in FY25, coupled with a healthy growth of new members and institutional participants.
  • New Product Expansion: Successfully launched several new contracts including Electricity Futures, BULLDEX Options, Cardamom Futures, Nickel Futures, Gold Ten Futures, Gold Monthly Options, and Silver Monthly Options.
  • Robust Delivery: The exchange recorded strong delivery-driven contracts with Gold at 21 MT, Silver at 401 MT, and Base Metals at 95,781 MT.
  • Market Position: MCX continued to rank as the world's largest Commodity Options Exchange and the 4th largest Commodity Exchange globally, as per FIA data for 2025 (by number of contracts).
  • Segment-wise Performance:
    • The business saw strong growth driven primarily by two pillars—Bullion and Energy—along with good metals growth. The YoY Average Daily Turnover (ADT) growth for Futures & Options segments was as follows:
      • Bullion: 496% YoY growth.
      • Metals: 116% YoY growth.
      • Energy: 29% YoY growth.

Praveena Rai, Managing Director & CEO, MCX said: "Our operating revenue more than doubled, growing by 113% YoY, reflecting our focused strategy, strong execution, increased participation, across all segments, new members & new products. To strengthen the Commodity Derivatives ecosystem, we initiated a focused drive - ‘Price in India: Hedge in India’ to promote and deepen hedging participation in India. Institutional and retail investors have also increasingly embraced the commodity asset class, leading to broader and deeper market participation. Going forward, our focus remains on sustainable growth, diversification of participation, products, further strengthening technology and risk frameworks, and continued enhancement of shareholder value”.

Result PDF

Internet & Catalogue Retail company Swiggy announced Q4FY26 & FY26 results

Consolidated Financial Highlights

  • Total Income (Q4FY26): Stood at Rs 6,649 crore, representing a significant growth of 46.74% YoY compared to Rs 4,531 crore in Q4FY25 and an increase of 6.49% QoQ from Rs 6,244 crore in Q3FY26.
  • Revenue from Operations (Q4FY26): Increased to Rs 6,383 crore, up 44.74% YoY from Rs 4,410 crore and 3.82% QoQ from Rs 6,148 crore.
  • Net Loss (Q4FY26): Narrowed to Rs 800 crore from a loss of Rs 1,081 crore in Q4FY25 and a loss of Rs 1,065 crore in Q3FY26.
  • Annual Performance (FY26): Consolidated total income for the full year reached Rs 23,561 crore, up 50.81% YoY from Rs 15,623 crore in FY25.
  • Annual Revenue (FY26): Revenue from operations for the full year was Rs 23,053 crore, a growth of 51.40% YoY compared to Rs 15,227 crore in FY25.
  • Annual Net Loss (FY26): Widened to Rs 4,154 crore for the full year, compared to a loss of Rs 3,117 crore in FY25.

Standalone Financial Highlights

  • Total Income (Q4FY26): Stood at Rs 2,495 crore, up 34.14% YoY from Rs 1,860 crore in Q4FY25 and 10.35% QoQ from Rs 2,261 crore in Q3FY26.
  • Revenue from Operations (Q4FY26): Reported at Rs 2,194 crore, reflecting a growth of 28.23% YoY from Rs 1,711 crore and a slight increase of 1.90% QoQ from Rs 2,153 crore.
  • Net Loss (Q4FY26): Stood at Rs 652 crore, narrowing from a loss of Rs 927 crore in Q4FY25 and a loss of Rs 896 crore in Q3FY26.
  • Annual Performance (FY26): Standalone total income for the full year was Rs 8,887 crore, up 22.33% YoY compared to Rs 7,265 crore in FY25.
  • Annual Revenue (FY26): Revenue from operations for the full year grew by 23.86% to Rs 8,258 crore from Rs 6,667 crore in FY25.

Business Highlights

  • Food Delivery Business: Achievement of a 15-quarter high with Gross Order Value (GOV) growth of 22.6% YoY, reaching Rs 9,005 crore in Q4FY26. Adjusted EBITDA for this segment reached Rs 297 crore in the quarter.
  • Quick Commerce (Instamart): GOV grew 68.8% YoY to reach Rs 7,881 crore in Q4FY26. The network expanded to 1,143 stores across 129 cities. Average order value (AOV) increased 32.8% YoY to Rs 700.
  • Out-of-Home Consumption (OOH): Delivered its first full year of profitability in FY26, with 43% YoY GOV growth and Adjusted EBITDA margins at 0.8% of GOV.
  • Platform Metrics: Platform Monthly Transacting Users (MTUs) grew 27.2% YoY to 25.2 million. Annual Transacting Users reached 8.4 million, representing a 24% YoY growth.
  • InstaHelp Performance: Delivered 2.7 million orders and Rs 40 crore in NTV during Q4FY26, up from Rs 28 crore NTV in Q3FY26.
  • International Markets: UAE and Singapore operations saw NTV growth of 84% YoY in Q4FY26.
  • Segment-wise Performance (FY26 Revenue and Result):
    • Food Delivery: Revenue of Rs 7,832 crore and segment profit of Rs 1,041 crore.
    • Quick Commerce: Revenue of Rs 3,859 crore and segment loss of Rs 3,063 crore.
    • Supply Chain and Distribution: Revenue of Rs 10,935 crore and segment loss of Rs 77 crore.
    • Out of Home Consumption: Revenue of Rs 375 crore and segment profit of Rs 29 crore.
    • Platform Innovations: Revenue of Rs 52 crore and segment loss of Rs 195 crore.

Sriharsha Majety, MD & Group CEO, Swiggy. said : "Food delivery has grown at its strongest pace in nearly four years, crossing Rs 1,000 crore in annual adjusted EBITDA and defying scepticism around a sector slowdown, with meaningfully better margins than a year ago. Out of home continues to be a profitable and growing part of the business,"

"In quick commerce, the next phase will be defined by anticipating consumer needs, not merely fulfilling them. Unit economics continue to improve quarter on quarter, and we remain on track for contribution margin breakeven in line with our guidance. The strong balance sheet gives us room to be disciplined and deliberate as we enter FY27."

Result PDF

Internet Software & Services company One97 Communications announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from operations for Q4FY26 stood at Rs 2,264 crore, reflecting a QoQ increase of 3.19% from Rs 2,194 crore in Q3FY26 and a YoY increase of 18.41% compared to Rs 1,912 crore in Q4FY25.
  • Total income for the quarter ended March 31, 2026, was Rs 2,442 crore, up 1.50% QoQ from Rs 2,406 crore and up 14.38% YoY from Rs 2,135 crore.
  • The company reported a net profit of Rs 183 crore for Q4FY26, compared to a profit of Rs 225 crore in Q3FY26 (a QoQ decline of 18.67%) and a net loss of Rs 545 crore in Q4FY25.
  • For the full financial year FY26, revenue from operations reached Rs 8,437 crore, representing a growth of 22.28% compared to Rs 6,900 crore in FY25.
  • Total income for FY26 stood at Rs 9,291 crore, an increase of 21.85% YoY from Rs 7,625 crore in FY25.
  • The consolidated net profit for FY26 was Rs 552 crore, marking a significant recovery from the net loss of Rs 663 crore reported in FY25.
  • Basic Earnings Per Share (EPS) for Q4FY26 was Rs 2.87, while the annual EPS for FY26 stood at Rs 8.66.

Standalone Financial Highlights:

  • Revenue from operations for Q4FY26 was Rs 1,005 crore, a decrease of 35.29% QoQ from Rs 1,553 crore in Q3FY26 and a decrease of 37.15% YoY from Rs 1,599 crore in Q4FY25.
  • Total income for the quarter stood at Rs 1,135 crore, down 33.78% QoQ from Rs 1,714 crore and down 36.20% YoY from Rs 1,779 crore.
  • Standalone net profit for Q4FY26 was Rs 119 crore, compared to Rs 145 crore in Q3FY26 and a net loss of Rs 581 crore in Q4FY25.
  • For the full year FY26, standalone revenue from operations was Rs 5,825 crore, up 5.81% from Rs 5,505 crore in FY25.
  • Full year standalone net profit for FY26 was Rs 67 crore, compared to a net loss of Rs 789 crore in FY25.

Business Highlights

  • Segment Performance: The group is engaged in various business units including payment, financial services, and marketing services. However, the management has concluded that the group constitutes a single segment as per Ind AS 108 'Operating Segments', and therefore no separate segment disclosure is provided.
  • Paytm Payments Bank Limited (PPBL) License: On April 24, 2026, the RBI cancelled the banking license of PPBL, an associate company. Shareholders of PPBL approved resolutions for its winding up on April 25, 2026. The company stated it has no exposure to PPBL and does not maintain material business arrangements or service partnerships with it. The investment in PPBL was already fully impaired as of March 31, 2024.
  • FEMA Compounding: During Q4FY26, the RBI compounded matters involving an aggregate value of approximately Rs 33 crore for the company. Previously, matters valued at Rs 21 crore were compounded till December 2025. The company is taking steps to resolve a Show Cause Notice from the Directorate of Enforcement alleging contraventions of FEMA provisions totaling approximately Rs 611 crore.
  • Transfer of Offline Merchant Business: Effective November 30, 2025, the company transferred its offline merchant business to its wholly-owned subsidiary, Paytm Payments Services Limited (PPSL), on a slump sale basis for a consideration of Rs 975 crore.
  • Exceptional Items FY26: Exceptional losses for FY26 included impairment of investments in associates of Rs 5 crore, impairment of optionally convertible debentures of Rs 12 crore, and a loan impairment of Rs 190 crore given to a joint venture.
  • IPO Proceeds: As of March 31, 2026, out of the net IPO proceeds of Rs 8,119 crore, the company has utilised Rs 6,133 crore, while Rs 1,986 crore remains un-utilised and is invested in fixed deposits and monitoring agency accounts.
  • Board Changes: The Board approved the re-appointment of Mr. Ashit Ranjit Lilani as a Non-Executive Independent Director for a second consecutive term of five years, starting July 05, 2026.

Result PDF

Internet Software & Services company PB Fintech announced Q4FY26 & FY26 results

FY26 Consolidated Financial Highlights::

  • Total Revenue: Consolidated Operating Revenue grew by 37% YoY to Rs 6,794 crore in FY26, up from Rs 4,977 crore in FY25.
  • Total Income: Consolidated Total Income reached Rs 7,16,645 lakh in FY26 compared to Rs 5,38,502 lakh in FY25.
  • Profit After Tax (PAT): Consolidated PAT for FY26 grew by 115% YoY to Rs 670 crore (Rs 67,013 lakh) from Rs 311 crore (Rs 35,207 lakh) in FY25 (excluding exceptional items).
  • Profit Margin: PAT margin improved significantly from 6% in FY25 to 10% in FY26.
  • Adjusted EBITDA: Full year Adjusted EBITDA improved by 118% YoY to Rs 725 crore from Rs 332 crore in FY25.
  • Earnings Per Share (EPS): Basic EPS for the year stood at Rs 14.58 compared to Rs 7.75 in FY25, marking a growth of 88%.

Q4FY26 Consolidated Financial Highlights::

  • Operating Revenue: Stood at Rs 2,061 crore (Rs 2,06,133 lakh) in Q4FY26, representing a YoY growth of 37% from Rs 1,508 crore (Rs 1,50,787 lakh) and a QoQ growth of 16% from Rs 1,771 crore (Rs 1,77,115 lakh).
  • Total Income: For Q4FY26, total income was Rs 2,16,564 lakh, a YoY increase of 34.6% from Rs 1,60,898 lakh and a QoQ increase of 16.7% from Rs 1,85,600 lakh.
  • Profit After Tax (PAT): PAT for Q4FY26 grew 54% YoY to Rs 261 crore (Rs 26,116 lakh) from Rs 170 crore (Rs 16,974 lakh) and grew 37.9% QoQ from Rs 189 crore (Rs 18,943 lakh).
  • Adjusted EBITDA: Improved by 89% YoY to Rs 280 crore in Q4FY26 from Rs 148 crore in Q4FY25.

Standalone Financial Highlights::

  • Total Income: For the full year FY26, standalone total income was Rs 42,171 lakh compared to Rs 41,201 lakh in FY25.
  • Revenue from Operations: Annual standalone revenue grew to Rs 20,837 lakh in FY26 from Rs 15,344 lakh in FY25.
  • Profit After Tax (PAT): Standalone PAT for FY26 stood at Rs 4,144 lakh compared to Rs 1,253 lakh in FY25.
  • Quarterly PAT: For Q4FY26, standalone PAT reached Rs 1,778 lakh, showing a turnaround from a loss of Rs 1,671 lakh in Q4FY25, and a QoQ growth of 12.9% from Rs 1,575 lakh in Q3FY26.

Business Highlights

  • Insurance Premium Scale: Total Insurance Premium for the full year reached Rs 29,934 crore, up 42% YoY. Q4FY26 premium grew 46% YoY to Rs 9,217 crore.
  • Lending Disbursal Scale: Total Lending disbursal for FY26 reached Rs 30,740 crore, up 50% YoY. Q4FY26 core online lending disbursal grew 11% QoQ.
  • Core Insurance Renewal: Renewal/trail revenue on a 12-month rolling basis stood at Rs 935 crore, a 40% YoY growth. The quarterly core insurance renewal revenue is at an ARR of Rs 1,126 crore, up from Rs 689 crore in Q4 last year.
  • Consumer Reach: Policybazaar has 145.7 million registered consumers till date, with 26.4 million transacting consumers. Paisabazaar has 58.5 million credit score consumers.
  • UAE Business: The UAE Insurance premium grew 54% YoY in FY26. This business is profitable for the full year for the first time in FY26.
  • Segment-wise Performance:
    • Insurance Broker Services: Revenue grew 41.7% YoY to Rs 6,08,928 lakh in FY26 from Rs 4,29,798 lakh. Segment result improved to Rs 86,076 lakh in FY26.
    • Other Services: Revenue stood at Rs 70,474 lakh in FY26 compared to Rs 67,923 lakh in FY25.
  • New Initiatives: PB Partners, the agent aggregator platform, Consolidated its leadership with over 450k advisors and is present in 19k pin codes, covering 99% of pin codes in India.
  • Investment: The Board authorized an investment of up to Rs 5 crore in PB Marketing and Consulting Private Limited to meet net worth criteria for a stockbroking license.

Management Commentary:

  • Our Total Insurance Premium for the full year was Rs 29,934 crore, up 42% YoY, led by growth in core online new protection business at 57% YoY (new Health insurance up 68% YoY). Quarterly Insurance Premium was at Rs 9,217 crore, up 46% YoY again led by growth in core online new protection business at 67% YoY.
  • FY26 Consolidated operating revenue grew 37% YoY to Rs 6,794 crore (Core Insurance revenue up 41% YoY); Quarterly Consolidated Operating Revenue grew 37% to Rs 2,061 crore (Q4FY26 Core Insurance revenue up 48% YoY; Q4FY26 Core credit revenue, up 7% YoY).
  • Our core renewal / trail revenue on a 12-month rolling basis is at Rs 935 crore, up from Rs 668 crore last year same quarter, a 40% growth led by growth of 55% in the insurance segment. The quarterly core insurance renewal revenue is at an ARR of Rs 1126 crore, up from Rs 689 crore Q4 last year (growth of 63% YoY). This is a key driver of long-term profit growth.
  • Growth accelerated for Q4FY26 Core New Insurance Premium (net of Savings business) at 59% YoY. Core New Insurance Premium (Including Savings) grew 48% YoY for the quarter. Excluding Savings category, we have been growing between 34% to 59% for the last 12 quarters.
  • We continue to improve our customer onboarding & claims support services and Insurance CSAT is consistent above 90%.
  • Our credit revenue for the quarter is Rs 123 crore, up 7% YoY and disbursal is at Rs 2,630 crore, up 11% YoY for the core online business.

We continue to strengthen our leadership in New initiatives in FY26 with full year revenue growth of 43% YoY, adjusted EBITDA margin improving from -9% to -4% for the year, with 5% contribution margin.

  • PB Partners, our agent aggregator platform, consolidated its leadership & accelerated growth momentum with over 450k advisors.
    • We have moved the business increasingly towards smaller and higher quality advisors.
    • Most diversified across different lines of businesses.
    • Present in 19k pin codes across India, covering 99% of pin codes in India – driving growth in Tier 4 & 5 towns.
  • FY26 UAE Insurance premium grew 54% YoY & aligning more towards health & life insurance, similar to our India business. We have unique value proposition of cross-border health insurance products & Claims assurance program for motor insurance. This business is profitable for the full year for the first time in FY26.

Our consolidated FY26 PAT for PB Fintech grew 115% YoY to Rs 670 crore (PAT margin grew from 6% in FY25 to 10% in FY26). This is 2.2% of the insurance premium. Quarterly PAT grew 54% to Rs 261 crore.

To summarize our performance since our public listing in Nov 2021:

  • Revenue grew at a CAGR of 48% from Rs 1,425 crore in FY22 to Rs 6,794 crore in FY26.
  • PAT margin grew from -58% in FY22 to 10% in FY26.

Result PDF

Data Processing Services company Computer Age Management Services announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue: Rs 395.22 crore against Rs 356.17 crore during Q4FY25, change 11.0%.
  • PBT: Rs 167.07 crore against Rs 149.26 crore during Q4FY25, change 11.9%.
  • PAT: Rs 125.44 crore against Rs 112.80 crore during Q4FY25, change 11.2%.
  • PAT Margin: 31.0% for Q4FY26.
  • EPS: Rs 5.10 for Q4FY26

FY26 Financial Highlights:

  • Revenue: Rs 1516.25 crore during FY26, change 6.6% YoY.
  • PBT: Rs 632.53 crore during FY26, change 1.3% YoY.
  • PAT: Rs 476.01 crore during FY26, change 1.2% YoY.
  • PAT Margin: 31.0% for FY26.
  • EPS: Rs 19.23 for FY26.

Business Highlights:

  • CAMS AuM was at Rs 55.1 lakh crore. In Q4FY26, retaining market leadership with ~68% market share and delivering 21% YoY growth, in line with the industry. Overall Active assets grew ahead of the industry.
  • Equity assets surged to an all-time high of Rs 30.5 lakh crore. improving share to a record 67.0%, up 90 bps YoY, growing faster than the industry. Equity net sales stood at Rs 1,01,294 crore, driving share in this segment to 76.3% from 71% the previous quarter.
  • New SIP registrations reached 1.26 crore. in Q4FY26, reflecting a strong 46% YoY growth, outpacing the industry growth of 37%. Annual SIP registrations in FY26 hit 4.7 crore, up 17% over FY25 - nearly double the industry growth of 9%.
  • SIP collections crossed the Rs 20,000 crore. milestone in March, increasing 24% YoY to reach Rs 58,889 crore. for Q4FY26. Live SIPs expanded 17% YoY compared with 4% for the industry, resulting in share increasing to 64.1% from 57.0% in the previous year.
  • CAMS unique investor base crossed 4.76 crore. During the quarter, registering a 18% YoY growth and outpacing industry growth of 13%.
  • CAMS added Oaklane Capital LLP and Neo Investments Value Advisors Pvt. Ltd. as MF RTA clients, reinforcing its strategy of building a high-quality, institution-led MF RTA franchise. The total number of MF RTA clients now stands at 31.
  • Transaction volumes for FY26 reached 107 crore, registering a strong 20% YoY growth.
  • During the quarter, 4 SIFs launched their maiden funds, taking the total number of SIFs serviced to 6. A strong pipeline remains in place, with 8 additional SIF launches expected over the coming months.
  • Retail fund launches in GIFT City gained momentum. CAMS-serviced GIFT City Retail Fund AuM now stands at USD 35.3 million.

Anuj Kumar, Managing Director, said: “Q4FY26 was a defining quarter for CAMS, as we delivered our highest-ever quarterly revenue, with double-digit YoY growth and best-in-class EBITDA margins of 46.5%. This performance reflects strong operating discipline, sustained scale benefits in our core mutual fund franchise and continued improvement in productivity across the organisation.

This performance was anchored not only by the resilience and scale benefits of our core mutual fund franchise, but also by strong momentum in our expanding non-MF businesses which grew over 24% YoY, underscoring the success of our diversification strategy. Businesses across payments, alternatives, KRA and insurance repository continue to gain traction, contributing meaningfully to revenue momentum and long-term growth visibility.

Within mutual funds, we continue to deepen and strengthen our partnerships with asset managers. During the quarter, Neo and Oaklane chose CAMS as their RTA partner, taking our total MF RTA relationships to 31. We also continued to gain market share and outperform the industry across key metrics, including assets under management, equity net sales, SIP registrations and growth in the investor base. The SIF ecosystem is scaling well, with 6 SIFs going live so far and another 8 additional launches expected in the coming months, reflecting growing adoption of SIF.

Alongside growth, our multi-year platform re-architecture programme is progressing well. Sustained innovation in technology, coupled with revenue growth (while maintaining a flat headcount) highlight the operating efficiency and long-term leverage that our next-generation platform is designed to deliver.

As we move ahead, our focus remains on strengthening platform leadership, scaling diversified growth engines and sustaining profitable growth, while reinforcing CAMS’s role as India’s most trusted financial market infrastructure partner.”

Result PDF

Internet & Catalogue Retail company IndiaMART InterMESH announced Q4FY26 results

  • Revenue from Operations of Rs. 404 crore as compared to Rs. 355 crore in Q4FY25, representing a growth of 14%.
  • Collections from Customer grew to Rs. 595 crore for the quarter, representing YoY growth of 10%, primarily comprising of IndiaMART Standalone Collections of Rs. 546 crore representing YoY growth of 8% and Busy Infotech Collections of Rs 45 crore.
  • Net Profit for the quarter was Rs. 50 crore. Cash Flow from Operations for the quarter was Rs. 290 crore.
    • Cash and Investments balance stood at Rs. 3,280 crore as on March 31, 2026.

Dinesh Agarwal, Chief Executive Officer, said: We remain focused on driving sustained growth by continuously enhancing platform quality, deepening buyer–seller engagement, and building a more trusted marketplace experience. Our rapid adoption of AI, spanning from standardized cataloging, precise matchmaking results, to conversational AI tools, is making the experience more seamless and efficient. Supported by a resilient business model and strong cash generation, we remain well positioned to deliver long-term value for all stakeholders.

Result PDF

Financial Services company KFIN Technologies announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights

  • Revenue from Operations: Rs 3,473.30 million in Q4FY26, compared to Rs 2,826.98 million in Q4FY25, representing a YoY increase of 22.86%. On a QoQ basis, revenue decreased by 6.35% from Rs 3,708.71 million in Q3FY26.
  • Total Income: Rs 3,623.15 million in Q4FY26, compared to Rs 2,927.01 million in Q4FY25, showing a YoY growth of 23.78%. It saw a QoQ decrease of 4.03% from Rs 3,775.13 million in Q3FY26.
  • Profit Before Tax: Rs 1,107.37 million in Q4FY26, compared to Rs 1,142.25 million in Q4FY25, a YoY decrease of 3.05%. On a QoQ basis, it decreased by 11.56% from Rs 1,252.11 million in Q3FY26.
  • Profit for the Period: Rs 811.49 million in Q4FY26, compared to Rs 850.53 million in Q4FY25, a YoY decrease of 4.59%. It saw a QoQ decrease of 11.79% from Rs 919.93 million in Q3FY26.

FY26 Consolidated Financial Highlights

  • Revenue from Operations: Rs 13,014.93 million for FY26, compared to Rs 10,907.52 million for FY25, representing a YoY increase of 19.32%.
  • Total Income: Rs 13,439.25 million for FY26, compared to Rs 11,284.76 million for FY25, showing a YoY growth of 19.09%.
  • Profit Before Tax: Rs 4,677.97 million for FY26, compared to Rs 4,475.90 million for FY25, a YoY increase of 4.51%.
  • Profit for the Year: Rs 3,437.12 million for FY26, compared to Rs 3,326.25 million for FY25, a YoY increase of 3.33%.

Q4FY26 Standalone Financial Highlights

  • Revenue from Operations: Rs 2,840.12 million in Q4FY26, compared to Rs 2,742.85 million in Q4FY25, representing a YoY growth of 3.55%. On a QoQ basis, revenue decreased by 9.29% from Rs 3,130.89 million in Q3FY26.
  • Profit Before Tax: Rs 1,121.06 million in Q4FY26, compared to Rs 1,094.37 million in Q4FY25, a YoY growth of 2.44%. It saw a QoQ decrease of 11.14% from Rs 1,261.62 million in Q3FY26.
  • Profit for the Period: Rs 851.12 million in Q4FY26, compared to Rs 814.73 million in Q4FY25, a YoY growth of 4.47%. On a QoQ basis, it decreased by 9.41% from Rs 939.52 million in Q3FY26.

FY26 Standalone Financial Highlights

  • Revenue from Operations: Rs 11,588.10 million for FY26, compared to Rs 10,554.99 million for FY25, representing a YoY growth of 9.79%.
  • Profit Before Tax: Rs 4,642.11 million for FY26, compared to Rs 4,381.96 million for FY25, a YoY growth of 5.94%.
  • Profit for the Year: Rs 3,462.44 million for FY26, compared to Rs 3,255.48 million for FY25, a YoY growth of 6.36%.

Business Highlights:

  • FY26 Segment-wise Performance
    • Domestic mutual fund investor solutions: Revenue of Rs 8,622.27 million (FY25: Rs 7,799.88 million) and a segment result of Rs 4,889.22 million (FY25: Rs 4,685.57 million).
    • Issuer solutions: Revenue of Rs 1,712.29 million (FY25: Rs 1,548.62 million) and a segment result of Rs 843.01 million (FY25: Rs 802.20 million).
    • International and other investor solutions: Revenue of Rs 2,680.37 million (FY25: Rs 1,559.02 million) and a segment result of Rs 256.01 million (FY25: Rs 345.44 million).
  • Q4FY26 Segment-wise Performance
    • Domestic mutual fund investor solutions: Revenue of Rs 2,154.95 million and a segment result of Rs 1,173.73 million.
    • Issuer solutions: Revenue of Rs 355.78 million and a segment result of Rs 132.32 million.
    • International and other investor solutions: Revenue of Rs 962.57 million and a segment result of Rs 19.84 million.

Sreekanth Nadella, Managing Director & CEO, KFin Technologies, said: "FY26 has been a transformative year for KFintech as we completed the acquisition of Ascent Fund Services, expanding our global footprints to 18 countries servicing nearly 1,000 global asset managers managing USD 360 billion of assets under management. Our international business has grown by over 100% y-o-y, making it nearly 20% of the overall revenue mix, progressing in line with our vision to make KFintech a formidable global fund administrator. Overall, for the full-year, we delivered stable revenue growth and profitability, despite a challenging macro and geopolitical environment that weighed on markets in the second half, underpinned by the strength of our diversified business model and strong focus on productivity and efficiency. Our domestic businesses continued to demonstrate resilience with steady client additions and market share gains, while the full consolidation of Ascent significantly added to our growth. The fourth quarter witnessed some sequential softness, consistent with broader market trends, as equity market weakness and global uncertainty impacted flows and valuations. However, the performance of our core businesses remained stable. We continued to make progress on the Ascent integration, with improving synergies and margins expected to trend upward as the integration matures. Encouragingly, we are seeing a meaningful step-up in the quality of international mandates, with new client wins during the quarter, including funds with AUM in excess of USD 100 million, reflecting growing market confidence in our platform and capabilities. As we enter FY27, we remain focused on disciplined execution, deepening the international expansion, and harnessing technology to build operating leverage and positioning KFintech for sustainable long-term growth across geographies and asset classes."

Result PDF

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
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