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Nifty 50 Results: Latest Quarterly Results & Analysis

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InterGlobe Aviation Ltd. 29 May 2026 17:28 PM

Q4FY26 & FY26 Result Announced for InterGlobe Aviation Ltd.

Airlines company InterGlobe Aviation announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from operations for Q4FY26 was Rs 2,24,384 million, showing a decrease of 4.40% QoQ from Rs 2,34,719 million and an increase of 1.29% YoY from Rs 2,21,519 million.
  • Total income for Q4FY26 stood at Rs 2,38,307 million, representing a decline of 2.89% QoQ from Rs 2,45,406 million and an increase of 3.17% YoY from Rs 2,30,975 million.
  • The company reported a net loss for Q4FY26 of Rs 25,369 million, compared to a net profit of Rs 5,491 million in Q3FY26 and a net profit of Rs 30,675 million in Q4FY25.
  • For the full year ended March 31, 2026 (FY26), revenue from operations reached Rs 8,49,619 million, showing a growth of 5.15% compared to Rs 8,08,029 million in FY25.
  • The total income for FY26 was Rs 8,95,134 million, an increase of 6.44% over Rs 8,40,982 million in FY25.
  • The company reported an annual net loss of Rs 23,936 million for FY26, as against an annual net profit of Rs 72,584 million for FY25.
  • Basic Earnings Per Share (EPS) for FY26 stood at Rs (61.88) compared to Rs 187.93 in FY25.

Standalone Financial Highlights:

  • Revenue from operations for Q4FY26 was Rs 2,24,384 million, representing a 4.40% QoQ decrease and a 1.29% YoY increase.
  • Total income for Q4FY26 stood at Rs 2,38,324 million, down 2.87% QoQ from Rs 2,45,359 million and up 3.15% YoY from Rs 2,31,051 million.
  • The standalone net loss for Q4FY26 was Rs 26,621 million, compared to a net profit of Rs 6,126 million in Q3FY26 and a net profit of Rs 30,734 million in Q4FY25.
  • For the full year FY26, standalone revenue from operations was Rs 8,49,619 million, up 5.15% from Rs 8,08,030 million in FY25.
  • The standalone net loss for FY26 was Rs 25,025 million, compared to a net profit of Rs 72,533 million in FY25.

Business Highlights:

  • Exceptional Items: The company recorded total consolidated exceptional losses of Rs 17,964 million for FY26. This included Rs 12,192 million related to the implementation of the New Labour Codes and Rs 5,772 million related to operational disruptions.
  • Finance Lease Prepayment: The Board approved the partial prepayment of finance lease obligations to its wholly-owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited, for an aggregate amount of up to USD 450 million. These funds will be used for the acquisition of aviation assets, enabling the ownership of aircraft and engines.
  • Segment Performance: Based on the "management approach" as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker evaluates the Group’s performance as one segment, i.e., "air transportation services."
  • Management Changes: Mr. Petrus Johannes Theodorus Elbers resigned as CEO on March 10, 2026. Mr. Aloke Singh was appointed Chief Strategy Officer effective April 6, 2026. Mr. William Walsh was appointed as the Chief Executive Officer and is expected to assume office on August 3, 2026.
  • Tax Exposure: The tax exposure (excluding interest and penalty) for matters disallowed by income tax authorities up to AY 2022-23 amounts to Rs 24,185 million.

Rahul Bhatia, MD, said: “FY26 was marked by an exceptionally challenging operating environment, which materially impacted our profitability. Despite these conditions, the underlying performance of the business remained resilient. During the year, our capacity grew by 9.5% and total income increased by over 6%. Excluding the impact of foreign exchange and exceptional items, IndiGo delivered a profit of Rs 75 billion.

We continue to maintain a strong balance sheet with substantial liquidity, demonstrating resilience through prolonged periods of volatility. I would like to thank our 123 million customers for placing their trust in us, and our 69,000 dedicated IndiGo team members for their extraordinary professionalism. While the near term remains volatile, we remain firmly focused on disciplined execution, cost efficiency, and long-term value creation.”

Result PDF

Paints company Asian Paints announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights:

  • Consolidated Net Sales increased by 10.8% to Rs 9,228.5 crore from Rs 8,329.6 crore.
  • PBDIT (Profit before depreciation, interest, tax and other income) increased by 24.4% to Rs 1,786.6 crore from Rs 1,436.2 crore.
  • PBDIT Margin as % to Net Sales increased to 19.4%, up from 17.2% in the same quarter last year.
  • Profit before exceptional items and tax increased by 33.9% to Rs 1,614.1 crore from Rs 1,205.2 crore.
  • Net Profit before minority interest and exceptional items increased 34.1%.
  • Net Profit after minority interest increased by 69.3% to Rs 1,172.1 crore from Rs 692.1 crore.

FY26 Consolidated Financial Highlights:

  • Consolidated Net Sales increased by 5.1% to Rs 35,516.4 crore from Rs 33,797.4 crore.
  • PBDIT (Profit before depreciation, interest, tax and other income) increased by 11.5% to Rs 6,695.9 crore from Rs 6,006.2 crore.
  • PBDIT Margin as % to Net Sales increased to 18.9%, up from 17.8% in the same period last year.
  • Profit before exceptional items and tax increased by 12.7% to Rs 6,161.1 crore from Rs 5,466.2 crore.
  • Net Profit before minority interest and exceptional items increased 11.8%.
  • Net Profit after minority interest increased by 17.9% to Rs 4,325.4 crore from Rs 3,667.2 crore.

Q4FY26 Standalone Financial Highlights:

  • Standalone Net Sales increased by 10.3% to Rs 7,894.1 crore from Rs 7,157.1 crore.
  • PBDIT (Profit before depreciation, interest, tax and other income) for the quarter increased by 26.0% to Rs 1,670.0 crore from Rs 1,325.3 crore.
  • PBDIT Margin as % to Net Sales increased to 21.2% from 18.5% in the corresponding period of the
    previous year.
  • Profit before exceptional items and tax increased by 34.4% to Rs 1,558.8 crore from Rs 1,159.6 crore.
  • Net Profit before exceptional items increased 32.7%.
  • Net Profit increased by 67.1% to Rs 1,160.7 crore from Rs 694.8 crore.

FY26 Standalone Financial Highlights:

  • Net Sales increased by 4.3% to Rs 30,680.2 crore from Rs 29,421.1 crore.
  • PBDIT (Profit before depreciation, interest, tax and other income)for the period increased by 11.2% to Rs 6,180.5 crore from Rs 5,556.5 crore.
  • PBDIT Margin as % to Net Sales increased to 20.1% from 18.9% in the previous year.
  • Profit before exceptional items and tax increased by 11.7% to Rs 5,900.1 crore from Rs 5,281.2 crore.
  • Net Profit before exceptional items increased 10.8%.
  • Net Profit increased by 18.3% to Rs 4,244.2 crore from Rs 3,588.1 crore.

Business Highlights:

  1. International business: Net Sales increased in Q4FY26 by 11.0% to Rs 888.1 crore from Rs 799.7 crore led by units in Sri Lanka, Egypt, and UAE. In constant currency terms, Net Sales increased by 8.2%. Profit before exceptional items and tax in Q4FY26 was Rs 75.4 crore as against Rs 38.2 crore in the corresponding period of previous year.
    Net Sales increased by 8.9% in FY’26 to Rs 3,339.7 crore from Rs 3,066.4 crore. Profit before exceptional items and tax increased to Rs 266.4 crore in FY’26 from Rs 140.1 crore in the same period last year.
  2. Home Décor business:
    1. Bath Fittings business: Net Sales increased in Q4FY26 by 3.7% to Rs 95.4 crore from Rs 91.9 crore. Profit before exceptional items and tax in Q4FY26 came in at Rs 4.4 crore against loss before exceptional items and tax of Rs 4.5 crore in the corresponding period of the previous year.
      Net Sales decreased by 2.5% in FY’26 to Rs 347.3 crore from Rs 356.1 crore. Loss before exceptional items and tax reduced to Rs 1.7 crore in FY’26 as against Rs 20.8 crore in the previous year.
    2. Kitchen business: Net Sales increased in Q4FY26 by 16.5% to Rs 99.1 crore from Rs 85.1 crore. Loss before exceptional items and tax in Q4FY26 reduced to Rs 0.9 crore against Rs 16.5 crore in the corresponding period of the previous year.
      Net Sales increased by 1.7% in FY’26 to Rs 400.3 crore from Rs 393.5 crore. Loss before exceptional items and tax in FY’26 decreased to Rs 17.3 crore against Rs 30.1 crore in the previous year.
    3. White Teak and Weatherseal: Net Sales at White Teak in Q4FY26 increased by 16.8% to Rs 23.4 crore and for Weatherseal, it increased by 24.9% to Rs 20.2 crore.
      Net Sales at White Teak in FY’26 decreased by 7.1% to Rs 99.2 crore while for Weatherseal it increased by 42.1% to Rs 74.7 crore.
  3. Industrial business:
    1. APPPG: Net Sales increased by 15.0% in Q4FY26 at Rs 399.1 crore from Rs 347.1 crore. Profit before exceptional items and tax in Q4FY26 was Rs 29.2 crore as against Rs 28.9 crore in the same period last year.
      Net Sales increased by 11.8% in FY’26 to Rs 1,333.9 crore from Rs 1,193.1 crore. Profit before exceptional items and tax increased to Rs 106.6 crore in FY’26 as against Rs 101.3 crore in the previous year.
    2. PPGAP: Net Sales increased in Q4FY26 by 20.9% to Rs 586.1 crore from Rs 484.9 crore. Profit before exceptional items and tax in Q4FY26 was Rs 71.3 crore as against Rs 58.6 crore in the same period last year.
      Net Sales increased by 15.5% in FY’26 to Rs 2,468.2 crore from Rs 2,136.5 crore. Profit before exceptional items and tax was Rs 450.6 crore in FY’26 as against Rs 375.2 crore in the last year’s comparable period.

Amit Syngle, Managing Director & CEO of Asian Paints, said. “Q4FY26 performance was a quarter of all-round performance, with double-digit volume and value growth and margin expansion. The quarter witnessed improvement in the domestic decorative business with the business delivering a 12.4% growth in volume and 10.2% growth in value terms. The Industrial business delivered a strong double-digit growth during the quarter driven by Automotive, General Industrial and Protective Coatings Segments, taking the overall domestic coatings value growth to 11%.

The International portfolio continued to deliver resilient growth with improved profitability despite volatility in select markets. The Home Décor business though muted, continued to gain traction through our Beautiful Homes Store network spread across 20 states in India. At an overall business level, margins improved through cost discipline aided by material deflation and operational efficiencies, even as we continued to invest in longterm growth drivers.

The external environment remains fluid, with the West Asia conflict contributing to near-term uncertainty in demand. However, supported by strong fundamentals and execution discipline, we remain resilient to navigate this volatility and sustain our performance.”

Result PDF

Exploration & Production company Oil And Natural Gas Corporation announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations: In Q4FY26, the consolidated revenue from operations stood at Rs 1,73,805.19 crore, registering a growth of 3.81% QoQ compared to Rs 1,67,422.93 crore in Q3FY26, and an increase of 3.61% YoY against Rs 1,67,749.00 crore in Q4FY25. For the full year FY26, revenue from operations was Rs 6,62,247.32 crore, marginally down by 0.15% YoY from Rs 6,63,260.58 crore in FY25.
  • Total Income: The total income for Q4FY26 was Rs 1,77,172.96 crore, growing by 3.77% QoQ (from Rs 1,70,730.43 crore in Q3FY26) and 3.74% YoY (from Rs 1,70,784.34 crore in Q4FY25). For FY26, total income stood at Rs 6,74,603.84 crore, a slight decrease of 0.16% YoY from Rs 6,75,658.39 crore in FY25.
  • Profit Before Tax (PBT): PBT in Q4FY26 reached Rs 18,640.08 crore, marking a rise of 15.13% QoQ (vs Rs 16,190.08 crore in Q3FY26) and 41.89% YoY (vs Rs 13,136.92 crore in Q4FY25). Annual PBT for FY26 was reported at Rs 67,622.95 crore, increasing by 29.06% YoY compared to Rs 52,397.88 crore in FY25.
  • Profit After Tax (PAT): The PAT for Q4FY26 surged to Rs 13,677.87 crore, showcasing a growth of 14.49% QoQ (from Rs 11,946.42 crore in Q3FY26) and 52.57% YoY (from Rs 8,964.67 crore in Q4FY25). For FY26, PAT was Rs 49,793.10 crore, representing a 29.91% YoY increase against Rs 38,328.61 crore in FY25.

Standalone Financial Highlights:

  • Revenue from Operations: Standalone revenue from operations in Q4FY26 was Rs 35,928.18 crore, recording a QoQ increase of 13.89% from Rs 31,546.51 crore in Q3FY26 and a YoY increase of 2.70% from Rs 34,982.23 crore in Q4FY25. For FY26, revenue reached Rs 1,32,508.14 crore, a YoY decline of 3.87% compared to Rs 1,37,846.29 crore in FY25.
  • Total Income: Q4FY26 total income stood at Rs 38,555.91 crore, up 11.30% QoQ (vs Rs 34,640.25 crore in Q3FY26) and 4.04% YoY (vs Rs 37,056.92 crore in Q4FY25). Annual total income for FY26 was Rs 1,42,863.90 crore, a decrease of 3.68% YoY from Rs 1,48,325.73 crore in FY25.
  • Profit Before Tax (PBT): Standalone PBT for Q4FY26 was Rs 8,523.79 crore, declining by 19.60% QoQ (from Rs 10,602.06 crore in Q3FY26) and 2.78% YoY (from Rs 8,767.43 crore in Q4FY25). Annual PBT for FY26 stood at Rs 42,414.89 crore, declining 9.29% YoY from Rs 46,759.81 crore in FY25.
  • Profit After Tax (PAT): PAT for Q4FY26 was Rs 6,649.97 crore, showing a decrease of 20.57% QoQ (from Rs 8,371.85 crore in Q3FY26) but a 3.13% increase YoY (from Rs 6,448.28 crore in Q4FY25). For FY26, PAT stood at Rs 32,894.02 crore, down 7.63% YoY compared to Rs 35,610.32 crore in FY25.

Business Highlights & Segment-wise Performance

  • Segment-wise Performance:
    • In India - E&P Offshore: Q4FY26 revenue was Rs 25,341.24 crore (up 14.76% QoQ from Rs 22,081.45 crore and up 2.25% YoY from Rs 24,782.70 crore). FY26 revenue stood at Rs 92,406.31 crore.
    • In India - E&P Onshore: Q4FY26 revenue was Rs 10,519.68 crore (up 12.24% QoQ from Rs 9,372.47 crore and up 3.98% YoY from Rs 10,116.97 crore). FY26 revenue stood at Rs 39,777.51 crore.
    • In India - Refining & Marketing: Q4FY26 revenue was Rs 1,52,255.02 crore (down 1.39% QoQ from Rs 1,54,395.37 crore and up 4.17% YoY from Rs 1,46,159.98 crore). FY26 revenue stood at Rs 5,84,345.80 crore.
    • In India - Petrochemicals: Q4FY26 revenue was Rs 4,424.72 crore (up 45.32% QoQ from Rs 3,044.71 crore and up 18.78% YoY from Rs 3,725.10 crore). FY26 revenue stood at Rs 14,214.26 crore.
    • Outside India: Q4FY26 revenue was Rs 2,364.23 crore (up 31.65% QoQ from Rs 1,795.91 crore and down 21.97% YoY from Rs 3,029.84 crore). FY26 revenue stood at Rs 8,442.92 crore.
  • Dividends: The Board of Directors recommended a final dividend at the rate of Rs 1/- per equity share of face value of Rs 5/- each (@ 20%) for FY26. This is over and above the first interim dividend of Rs 6 per share (120%) declared on November 10, 2025, and a second interim dividend of Rs 6.25 per share (125%) declared on February 12, 2026.
  • Joint Venture for Port Development: The Board accorded in-principle approval for the formation of a 50:50 joint venture company with Gujarat Maritime Board (GMB) to develop a 5 MMTPA liquid port at Dahej, Gujarat. This facility will act as a strategic enabler for the ONGC Group to establish a port infrastructure and strengthen its logistic backbone.
  • Parent Company Guarantee: Granted approval to provide a Parent Company Guarantee by ONGBV (a subsidiary of ONGC Videsh Limited) to the BC-10 Operator, M/s Shell Brasil Petróleo Ltda., on behalf of OCL. This is for the abandonment liability up to an amount of USD 325 million at arm’s length guarantee fees.
  • Related Party Transactions: The Board recommended approval for the implementation of the AssetCo structure (transfer of assets) and the extension of the existing Debt Service Undertaking (DSU) validity period provided by ONGC for the Area-1 Mozambique Project.

Result PDF

Electric Utilities company NTPC announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations: For Q4FY26, revenue stood at Rs 49,687.77 crore, witnessing a YoY decrease compared to Rs 49,833.70 crore in Q4FY25, but a QoQ increase from Rs 45,845.68 crore in Q3FY26. For FY26, revenue was Rs 1,87,384.63 crore, slightly down from Rs 1,88,138.06 crore in FY25.
  • Total Income: The total income for Q4FY26 was Rs 50,410.58 crore, reflecting a YoY drop from Rs 51,085.05 crore in Q4FY25, while registering a QoQ rise compared to Rs 46,304.77 crore in Q3FY26. Total income for FY26 decreased to Rs 1,89,798.56 crore from Rs 1,90,862.45 crore in FY25.
  • Profit for the Period (Net Profit): In Q4FY26, net profit grew significantly YoY to Rs 10,614.95 crore from Rs 7,897.14 crore in Q4FY25, and also showed QoQ growth from Rs 5,597.05 crore in Q3FY26. For FY26, net profit increased to Rs 27,545.76 crore against Rs 23,953.15 crore in FY25.
  • Profit Attributable to Owners of the Parent Company: Q4FY26 profit stood at Rs 10,486.47 crore, a robust YoY increase from Rs 7,611.22 crore in Q4FY25 and a QoQ growth from Rs 5,488.67 crore in Q3FY26. The FY26 figure stood at Rs 27,052.52 crore compared to Rs 23,422.46 crore in FY25.

Standalone Financial Highlights:

  • Revenue from Operations: Q4FY26 revenue was Rs 43,110.74 crore, reflecting a YoY decrease from Rs 43,903.65 crore in Q4FY25 and a QoQ growth from Rs 40,643.79 crore in Q3FY26. Annual revenue for FY26 declined to Rs 1,65,493.74 crore from Rs 1,70,037.37 crore in FY25.
  • Total Income: Total income for Q4FY26 decreased YoY to Rs 44,029.69 crore against Rs 45,812.65 crore in Q4FY25, while expanding QoQ from Rs 41,672.74 crore in Q3FY26. For FY26, total income dropped to Rs 1,69,724.60 crore against Rs 1,74,413.49 crore in FY25.
  • Profit for the Period (Net Profit): Q4FY26 net profit jumped YoY to Rs 8,747.27 crore from Rs 5,778.14 crore in Q4FY25, alongside a QoQ rise from Rs 4,986.94 crore in Q3FY26. Annual profit for FY26 stood at Rs 23,162.22 crore, up from Rs 19,649.41 crore in FY25.

Business Highlights:

  • Generation Segment: Revenue from power generation for Q4FY26 declined YoY to Rs 48,548.49 crore from Rs 49,352.99 crore in Q4FY25, while increasing QoQ from Rs 44,657.81 crore in Q3FY26. Profit before interest and tax (PBIT) for the segment in Q4FY26 was Rs 11,571.32 crore. Full-year FY26 revenue for this segment dropped to Rs 1,82,610.35 crore compared to Rs 1,84,458.13 crore in FY25.
  • Others Segment: Revenue from other segments in Q4FY26 grew YoY to Rs 4,704.92 crore against Rs 4,431.09 crore in Q4FY25, but decreased QoQ from Rs 4,894.80 crore in Q3FY26. The PBIT for this segment in Q4FY26 stood at Rs 551.27 crore. Full-year FY26 revenue for the segment grew to Rs 19,415.99 crore from Rs 17,081.61 crore in FY25.

Result PDF

Aluminium and Aluminium Products company Hindalco Industries announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from operations: For Q4FY26, the consolidated revenue from operations stood at Rs 78,133 crore, representing a growth of 17.46% QoQ (compared to Rs 66,521 crore in Q3FY26) and a growth of 20.41% YoY (compared to Rs 64,890 crore in Q4FY25). For the full year FY26, the revenue increased by 15.28% YoY to Rs 274,944 crore from Rs 238,496 crore in FY25.
  • Total Income: The total income for Q4FY26 was Rs 79,158 crore, reflecting an increase of 18.02% QoQ (against Rs 67,070 crore in Q3FY26) and an increase of 20.69% YoY (against Rs 65,590 crore in Q4FY25). For FY26, the total income was Rs 277,833 crore, up by 15.19% YoY compared to Rs 241,204 crore in FY25.
  • Profit before tax: The consolidated profit before tax for Q4FY26 stood at Rs 3,451 crore, up by 21.99% QoQ (compared to Rs 2,829 crore in Q3FY26) but witnessed a decline of 47.31% YoY (compared to Rs 6,550 crore in Q4FY25). For FY26, the profit before tax declined by 17.19% YoY to Rs 18,496 crore from Rs 22,337 crore in FY25.
  • Profit for the period (PAT): The net profit for Q4FY26 was Rs 2,597 crore, showing a growth of 26.74% QoQ (against Rs 2,049 crore in Q3FY26) but fell by 50.85% YoY (against Rs 5,284 crore in Q4FY25). For FY26, the PAT stood at Rs 13,391 crore, down by 16.32% YoY from Rs 16,002 crore in FY25.
  • Total comprehensive income / (loss): The company reported a consolidated total comprehensive loss of Rs 412 crore in Q4FY26, compared to an income of Rs 2,098 crore in Q3FY26 and an income of Rs 7,060 crore in Q4FY25. For the full year FY26, it stood at Rs 14,119 crore compared to Rs 18,368 crore in FY25.

Standalone Financial Highlights:

  • Revenue from operations: Standalone revenue for Q4FY26 stood at Rs 34,244 crore, up by 17.02% QoQ (compared to Rs 29,264 crore in Q3FY26) and up by 36.34% YoY (compared to Rs 25,116 crore in Q4FY25). For FY26, revenue increased by 20.62% YoY to Rs 112,553 crore from Rs 93,309 crore in FY25.
  • Total Income: Total income for Q4FY26 was Rs 34,511 crore, growing by 16.65% QoQ (against Rs 29,586 crore in Q3FY26) and 36.27% YoY (against Rs 25,325 crore in Q4FY25). For FY26, total income stood at Rs 113,705 crore, up by 20.15% YoY from Rs 94,638 crore in FY25.
  • Profit before tax: Standalone profit before tax for Q4FY26 was Rs 4,512 crore, up by 20.55% QoQ (compared to Rs 3,743 crore in Q3FY26) and up by 84.24% YoY (compared to Rs 2,449 crore in Q4FY25). For FY26, it jumped by 49.46% YoY to Rs 14,232 crore against Rs 9,522 crore in FY25.
  • Profit for the period (PAT): The net profit for Q4FY26 was Rs 2,934 crore, indicating a marginal decline of 2.75% QoQ (compared to Rs 3,017 crore in Q3FY26), but a robust growth of 87.96% YoY (compared to Rs 1,561 crore in Q4FY25). For FY26, PAT stood at Rs 10,080 crore, an increase of 57.82% YoY from Rs 6,387 crore in FY25.
  • Total comprehensive income: The standalone total comprehensive income for Q4FY26 was Rs 248 crore, compared to Rs 3,161 crore in Q3FY26 and Rs 2,127 crore in Q4FY25. For FY26, it stood at Rs 7,724 crore compared to Rs 7,328 crore in FY25.

Business Highlights:

  • Dividend: The Board of Directors recommended a final dividend of Rs 5 per equity share of Rs 1 each for the financial year ended March 31, 2026, subject to shareholders' approval.
  • Acquisition of AluChem: The company announced the proposed acquisition of a 100% equity stake in US-based AluChem Companies, Inc., a prominent specialty alumina manufacturer, for an enterprise value of USD 125 million through its stepdown wholly-owned subsidiary, Aditya Holdings LLC.
  • Acquisition of EMIL Mines: Hindalco completed the acquisition of a 100% equity stake in EMIL Mines and Mineral Resources Limited (EMMRL), the leaseholder of the Bandha coal mines, effective December 01, 2025. EMMRL became a wholly-owned subsidiary of Hindalco.
  • Relinquishment of Coal Mine: The company decided to relinquish mining operations and surrender one coal mine due to the non-availability of land for contiguous mining, recognizing an impairment loss of Rs 161 crore.
  • Tax Write-backs: By reassessing the applicability of Section 115BAA of the Income-tax Act, 1961, the company remeasured deferred tax balances under the new tax regime. This resulted in a write-back of net deferred tax liability of Rs 505 crore and a reversal of a net deferred tax asset of Rs 210 crore. Furthermore, a current tax provision of Rs 297 crore related to an earlier year was also written back.
  • Exceptional Items & Insurance Recoveries: Novelis’ plant in Oswego, New York experienced a major fire incident in November 2025. Costs related to repairs and clean-up were recorded as exceptional expenses (net of insurance proceeds) amounting to Rs 4,565 crore (USD 500 million) during Q4FY26 and Rs 7,357 crore (USD 812 million) for FY26. Conversely, the company recorded property insurance recoveries of Rs 394 crore (USD 43 million) and business interruption recoveries of Rs 376 crore (USD 41 million) related to the flooding of its Sierre, Switzerland plant.

Segment-wise Performance:

  • Novelis: Revenue for Q4FY26 stood at Rs 43,810 crore, while the full year FY26 revenue was Rs 162,882 crore. The segment result for Q4FY26 was Rs 4,202 crore, and for FY26 it was Rs 14,546 crore.
  • Aluminium Upstream: Revenue for Q4FY26 was Rs 11,418 crore, and for FY26 it was Rs 41,447 crore. The segment result for Q4FY26 was Rs 5,448 crore, and for FY26 it was Rs 18,884 crore.
  • Aluminium Downstream: Revenue for Q4FY26 stood at Rs 4,867 crore, and for FY26 it was Rs 15,938 crore. The segment result for Q4FY26 was Rs 255 crore, and for FY26 it was Rs 978 crore.
  • Copper: Revenue for Q4FY26 was Rs 22,156 crore, and for FY26 it was Rs 69,838 crore. The segment result for Q4FY26 was Rs 907 crore, and for FY26 it was Rs 2,809 crore.

Satish Pai, Managing Director, Hindalco Industries, said: “Hindalco delivered strong results, led by an outstanding performance by its India business while Novelis remains on track to restart the Oswego plant and commission Bay Minette. Consolidated revenue, EBITDA and PAT before one-time exceptional items reached all-time highs in both Q4 and the full year. Our India business delivered record performance across the Aluminium Upstream, Aluminium Downstream and Copper businesses, with EBITDA at a historic high of Rs 22,671 crore for the full year.

Over the last five years, Hindalco India has achieved an EBITDA CAGR of over 32% giving us the confidence to accelerate our expansion projects including doubling capacities in our Copper business, and at Aditya Aluminium.

Our Downstream portfolio continues to scale up the new 170-KTPA flat rolled products facility at Aditya and the Chakan battery enclosure plant, while the battery foil plant at Aditya is commencing supplies to global cell manufacturers. Our copper recycling project is nearing commissioning, and the Inner Grooved Tube (IGT) Plant is progressing well. Novelis demonstrated strong underlying business momentum with adjusted EBITDA at $544 per tonne despite lower volumes.

Our sustainability journey gained global recognition with Hindalco ranking in the top 1% of the S&P Global Sustainability Yearbook 2026 backed by a 100 percentile score across all ESG parameters.”

Result PDF

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

Pharmaceuticals company Sun Pharmaceutical Industries announced Q4FY26 & FY26 results

Standalone Financial Highlights:

  • Revenue from Operations:
    • Q4FY26: Rs 48,872.7 million, compared to Rs 56,512.1 million in Q3FY26 (QoQ decrease of 13.52%) and Rs 71,006.5 million in Q4FY25 (YoY decrease of 31.17%).
    • FY26: Rs 206,090.2 million, compared to Rs 225,984.0 million in FY25 (YoY decrease of 8.80%).
  • Total Income:
    • Q4FY26: Rs 49,868.1 million, compared to Rs 58,676.7 million in Q3FY26 (QoQ decrease of 15.01%) and Rs 73,115.8 million in Q4FY25 (YoY decrease of 31.79%).
    • FY26: Rs 211,739.7 million, compared to Rs 233,565.4 million in FY25 (YoY decrease of 9.35%).
  • Net Profit After Tax:
    • Q4FY26: Rs 6,087.0 million, compared to Rs 7,054.4 million in Q3FY26 (QoQ decrease of 13.71%) and Rs 20,419.7 million in Q4FY25 (YoY decrease of 70.19%).
    • FY26: Rs 26,234.2 million, compared to Rs 42,280.8 million in FY25 (YoY decrease of 37.95%).

Consolidated Financial Highlights:

  • Revenue from Operations:
    • Q4FY26: Rs 145,597.5 million, compared to Rs 154,690.7 million in Q3FY26 (QoQ decrease of 5.88%) and Rs 128,155.8 million in Q4FY25 (YoY increase of 13.61%).
    • FY26: Rs 582,201.1 million, compared to Rs 520,412.5 million in FY25 (YoY increase of 11.87%).
  • Total Income:
    • Q4FY26: Rs 150,702.9 million, compared to Rs 160,993.8 million in Q3FY26 (QoQ decrease of 6.39%) and Rs 135,717.1 million in Q4FY25 (YoY increase of 11.04%).
    • FY26: Rs 604,337.6 million, compared to Rs 545,434.8 million in FY25 (YoY increase of 10.80%).
  • Net Profit for the Period/Year:
    • Q4FY26: Rs 27,140.3 million, compared to Rs 33,688.1 million in Q3FY26 (QoQ decrease of 19.44%) and Rs 21,498.8 million in Q4FY25 (YoY increase of 26.24%).
    • FY26: Rs 114,794.2 million, compared to Rs 109,290.4 million in FY25 (YoY increase of 5.04%).

Business Highlights:

  • Dividend: The Board recommended a Final Dividend of Rs 5.00 per equity share (face value Re 1/- each) for FY26. This is in addition to the interim dividend of Rs 11.00 per share paid during FY26, bringing the total dividend to Rs 16.00 per share.
  • India Formulations: Sales grew 14.8% YoY in Q4FY26 to Rs 48,359 million, accounting for 33.2% of total consolidated sales.
  • Organon Acquisition: The Group entered into a definitive agreement to acquire all outstanding shares of Organon & Co. for an enterprise valuation of USD 11.75 billion, with indicative closure by Q4FY27.
  • R&D: R&D investment for FY26 was Rs 35,540 million (6.1% of sales), with 38.7% of this spend dedicated to Innovative Medicines.
  • Financial Position: Strong balance sheet with a Net Cash position of USD 3.2 billion as of March 31, 2026.

Kirti Ganorkar, Managing Director, said: “Our full-year performance reflects several significant achievements. Sun’s 0.3 percentage point gain in the India market is our highest gain since the Ranbaxy acquisition. Our U.S. Innovative Medicines business has surpassed USD 1 billion in revenues, while Ex-US Innovative Medicines continues to demonstrate strong growth momentum. The recently announced Organon acquisition is expected to further accelerate Sun’s transformation into a leading global pharmaceutical company.”

Result PDF

Healthcare Facilities company Max Healthcare Institute announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income: For Q4FY26, the total income was reported at Rs 2,19,072 lakh, representing a QoQ increase of 3.68% from Rs 2,11,290 lakh in Q3FY26 and a YoY increase of 11.96% from Rs 1,95,666 lakh in Q4FY25. For the full financial year FY26, total income stood at Rs 8,53,607 lakh, up by 18.82% compared to Rs 7,18,410 lakh in FY25.
  • Revenue from Operations: Stood at Rs 2,14,289 lakh for Q4FY26, compared to Rs 2,06,752 lakh in Q3FY26 (up 3.65% QoQ) and Rs 1,90,974 lakh in Q4FY25 (up 12.21% YoY). For FY26, it reached Rs 8,37,345 lakh against Rs 7,02,846 lakh in FY25.
  • Net Profit After Tax: Reported at Rs 34,222 lakh for Q4FY26, showing a QoQ growth of 13.72% from Rs 30,092 lakh in Q3FY26 and a YoY increase of 7.28% from Rs 31,900 lakh in Q4FY25. For FY26, the profit for the year was Rs 1,44,241 lakh, an increase of 34.07% YoY from Rs 1,07,588 lakh in FY25.

Standalone Financial Highlights:

  • Total Income: For Q4FY26, the total income was Rs 82,424 lakh, reflecting a QoQ increase of 3.78% from Rs 79,424 lakh in Q3FY26 and a YoY increase of 8.90% from Rs 75,685 lakh in Q4FY25. For FY26, the total income was Rs 3,17,640 lakh, up by 4.83% from Rs 3,03,014 lakh in FY25.
  • Revenue from Operations: Stood at Rs 73,290 lakh for Q4FY26, an increase of 3.09% QoQ from Rs 71,091 lakh in Q3FY26 and an increase of 11.26% YoY from Rs 65,870 lakh in Q4FY25. For FY26, it stood at Rs 2,87,445 lakh against Rs 2,66,360 lakh in FY25.
  • Net Profit After Tax: Reported at Rs 20,321 lakh for Q4FY26, up 8.70% QoQ from Rs 18,695 lakh in Q3FY26 and up 14.56% YoY from Rs 17,739 lakh in Q4FY25. For FY26, net profit reached Rs 71,661 lakh, up 2.22% YoY from Rs 70,107 lakh in FY25.

Business Highlights:

  • Segment Performance: The Group's business activity primarily falls within a single reportable business segment, namely 'Medical and Healthcare Services', and a single geographical segment, 'India'.
  • Strategic Acquisition: On May 18, 2026, the Company acquired a 58.28% controlling equity stake in Kalinga Hospitals Limited (KHL), which owns and operates a 250-bed multi-specialty hospital in Bhubaneswar, Odisha, for an aggregate cash consideration of Rs 29,797 lakh.
  • Expansion Project: The Board approved the construction of Phase-I of Max Super Specialty Hospital at Shaheed Path, Lucknow, on a 5-acre land parcel. The project will accommodate approximately 712 census beds with an expected total construction and equipment cost of ~Rs 1,400 crore (blended cost per bed of ~Rs 1.97 crore, excluding land).
  • Dividend: The Board recommended a final dividend of Rs 2/- per equity share (20% of face value of Rs 10/- each) for the financial year 2025-26, subject to member approval.
  • Corporate Restructuring and Re-classification: The Company approved the re-classification of Radiant Life Care Hospital Foundation from the ‘Promoter Group’ to the ‘Public’ category. Additionally, the merger of erstwhile Jaypee Healthcare Limited (JHL) and erstwhile Crosslay Remedies Limited (CRL) became effective from December 15, 2025.
  • Exceptional Items: Consolidated results for FY26 included a non-recurring impact of Rs 3,390 lakh due to the notification of new Labour Codes and a provision for stamp duty on merger amounting to Rs 1,434 lakh. Standalone results included an exceptional impact of Rs 1,564 lakh related to the new Labour Codes.
  • Operational Shift: The Board approved shifting the Company’s registered office from the State of Maharashtra to Gurugram, Haryana.
  • Voluntary Liquidation: The Company initiated the voluntary liquidation of its non-material wholly-owned subsidiary, MHC Global Healthcare (Nigeria) Limited

Abhay Soi, Chairman & Managing Director, Max Healthcare Institute, said: “We are pleased to announce the phased commissioning and ramp-up of brownfield expansions across Mohali, Mumbai and Delhi, representing approximately 20% capacity addition.

We also look forward to augmenting our capacity by another ~10% with the commissioning of the greenfield Gurgaon facility by the end of the year. We are also happy that the Network has delivered its 22nd consecutive quarter of year-on-year growth, with revenue increasing by 10% and operating EBITDA grew by 8%.

Further, we have completed the acquisition of a controlling stake in Kalinga Hospital, Bhubaneswar. The team has already begun integration and is working towards achieving significant operational upside. In parallel, work has commenced on the upgradation and expansion of the hospital, enabling us to extend high-quality healthcare services in a fast-growing region.”

Result PDF

Cigarettes-Tobacco Products company ITC announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations: In Q4FY26, revenue stood at Rs 23,821.48 crore, representing a growth of 9.74% QoQ from Rs 21,706.64 crore in Q3FY26 and an increase of 16.91% YoY compared to Rs 20,376.36 crore in Q4FY25. For the full year FY26, revenue was Rs 89,913.33 crore compared to Rs 81,612.78 crore in FY25, reflecting a 10.17% YoY increase.
  • Total Income: Total income for Q4FY26 reached Rs 24,406.63 crore, up 9.54% QoQ from Rs 22,280.68 crore and 16.13% YoY from Rs 21,016.62 crore. The total income for FY26 was Rs 92,339.13 crore, a growth of 9.74% YoY against Rs 84,142.47 crore in FY25.
  • Net Profit (Continuing Operations): Profit for the period from continuing operations in Q4FY26 was Rs 5,469.74 crore, reflecting a 9.00% QoQ growth from Rs 5,018.45 crore and a 6.10% YoY increase from Rs 5,155.27 crore. For the full year FY26, profit from continuing operations stood at Rs 21,018.15 crore, a 4.90% YoY increase from Rs 20,036.47 crore in FY25.
  • Total Comprehensive Income: For FY26, total comprehensive income was Rs 20,374.86 crore, a decline of 40.82% YoY from Rs 34,427.62 crore in FY25 (notably, FY25 included a high base due to discontinued operations).
  • Earnings Per Share (EPS): Basic EPS for continuing operations in FY26 was Rs 16.52, compared to Rs 15.78 in FY25.

Standalone Financial Highlights:

  • Revenue from Operations: Revenue in Q4FY26 was Rs 21,694.67 crore, showing a growth of 11.63% QoQ from Rs 19,434.13 crore and 17.30% YoY from Rs 18,494.55 crore. For FY26, revenue stood at Rs 81,640.11 crore, a 9.97% YoY increase from Rs 74,238.13 crore.
  • Total Income: For Q4FY26, total income was Rs 22,347.42 crore, up 8.97% QoQ and 15.85% YoY. The annual total income for FY26 reached Rs 84,927.29 crore, up 9.31% YoY.
  • Net Profit (Continuing Operations): Standalone profit from continuing operations for Q4FY26 was Rs 5,113.36 crore, a marginal increase of 0.53% QoQ and a 4.89% YoY increase. For the full year FY26, it stood at Rs 20,286.42 crore, up 0.96% YoY from Rs 20,093.29 crore.
  • Dividends: The Board has recommended a final dividend of Rs 8.00 per share. Combined with the interim dividend of Rs 6.50, the total dividend for FY26 is Rs 14.50 per ordinary share of Rs 1 each. Total cash outflow for the dividend is Rs 18,167.57 crore.

Business Highlights and Segment Performance:

  • Segment Revenue (Consolidated Annual):
    • FMCG - Cigarettes: Rs 40,601.00 crore (compared to Rs 35,893.57 crore in FY25).
    • FMCG - Others: Rs 24,321.55 crore (compared to Rs 22,015.12 crore in FY25).
    • Agri Business: Rs 20,787.33 crore (compared to Rs 20,163.79 crore in FY25).
    • Paperboards, Paper & Packaging: Rs 8,768.58 crore (compared to Rs 8,424.58 crore in FY25).
  • Amalgamation: The amalgamation of wholly-owned subsidiaries Sresta Natural Bioproducts Private Limited and Wimco Limited with the company was approved and given effect from the appointed dates of June 13, 2025, and April 1, 2025, respectively.
  • Excise Duty Impact: Consequent to the expiry of the GST Compensation Cess, the Government of India increased GST and Central Excise duty on cigarettes effective February 1, 2026, leading to a sharp increase in Gross Revenue and Excise duty for Q4FY26.
  • Exceptional Items: Consolidated results for FY26 include an exceptional charge of Rs 291.70 crore. This primarily represents a one-time impact of Rs 379.78 crore for past service costs (gratuity and compensated absences) due to the "New Labour Codes," partially offset by a Rs 88.08 crore insurance settlement receipt.
  • Segment EBITDA: For the "FMCG-Others" segment, standalone EBITDA for FY26 was Rs 2,411.94 crore, compared to Rs 2,163.92 crore in FY25.

Result PDF

Cement & Cement Products company Grasim Industries announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights:

  • Reported highest-ever quarterly Revenue and EBITDA at Rs 51,101 crore. and Rs 8,011 crore., up 15% YoY and 22% YoY, respectively. This is driven by superior performance of Building Materials, Financial Services and Cellulosic Fibres segment.
  • PAT Stood at Rs 2041 crore for Q4FY26 compared to Rs 1559 crore in Q4FY25

FY26 Consolidated Financial Highlights:

  • Revenue reached an all-time high of Rs 1,75,431 crore., up 18% YoY, led by all-round performance across all business segments.
  • EBITDA stood highest-ever at Rs 25,872 crore., up 29% YoY led by scale, efficiency gains and improved profitability across all business segments.
  • Adjusted PAT grew by 33% YoY to Rs 5,203 crore.

Q4FY26 Standalone Financial Highlights:

  • Reported highest-ever quarterly Revenue at Rs 11,774 crore., up 32% YoY. EBITDA stood at Rs 659 crore., up 47% YoY mainly led by robust performance in Cellulosic Fibres and Textiles businesses.

FY26 Standalone Financial Highlights:

  • Highest-ever revenue of Rs 41,039 crore., up by 30% YoY, led by robust growth from Paints and B2B Ecommerce coupled with stable core businesses, Cellulosic Fibres and Chemicals.
  • EBITDA stood at Rs 3,558 crore., up 25% YoY on the strength of superior performance in Cellulosic Fibres, Chemicals and Textiles businesses, partially offset by investment in new businesses - Birla Opus and Birla Pivot, which are on a clear roadmap for profitable growth in the coming years

Business Highlights:

  • The Board of Directors of Grasim has recommended a dividend of Rs 10 per equity share on Rs 2 fully paid-up face value, for the year ended 31st March 2026.
  • The total cash outflow on account of the dividend would be Rs 681 crore.
  • For FY26 
    • Cement: Total grey cement capacity crosses milestone of 200 mtpa in Apr-26
    • Paints: Strengthens its #3 position led by 50,000 dealers & 4.5 lakh active contractors/painters
    • B2B Ecommerce: Revenue up 136% YoY, led by new product categories & repeat buyers
    • Financial Services: Total Lending portfolio (NBFC and HFC) up by 32% YoY to Rs 2,07,368 crore.
  • For Q4FY26:
    • Paints: Revenue up 52% YoY, significantly outpacing the industry growth rate
    • Cellulosic Fibres: Revenue up by 14% YoY led by volume growth and favourable product mix
    • Chemicals: Caustic sales volumes, up 11% YoY, stood highest-ever at 321 KT

Result PDF

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