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Nifty Core Housing Results: Latest Quarterly Results & Analysis

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Oberoi Realty Ltd. 08 May 2026 18:36 PM

Q4FY26 & FY26 Result Announced for Oberoi Realty Ltd.

Realty company Oberoi Realty announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from operations: Reported at Rs 1,74,983 lakh in Q4FY26, reflecting a strong growth of 52.14% YoY compared to Rs 1,15,014 lakh in Q4FY25 and an increase of 17.23% QoQ against Rs 1,49,264 lakh in Q3FY26. For FY26, revenue stood at Rs 6,00,906 lakh, up 13.67% YoY from Rs 5,28,627 lakh in FY25.
  • Total Income: Reached Rs 1,82,371 lakh in Q4FY26, up 50.31% YoY from Rs 1,21,333 lakh in Q4FY25 and 16.77% QoQ from Rs 1,56,174 lakh in Q3FY26. Total income for FY26 was Rs 6,30,427 lakh, a 15.16% increase YoY from Rs 5,47,417 lakh in FY25.
  • Profit before tax: Stood at Rs 96,294 lakh in Q4FY26, registering a YoY growth of 66.86% from Rs 57,710 lakh in Q4FY25, and a QoQ rise of 18.51% from Rs 81,257 lakh in Q3FY26. For FY26, profit before tax was Rs 3,27,561 lakh, up 11.23% YoY from Rs 2,94,489 lakh in FY25.
  • Net profit for the period: Reached Rs 70,328 lakh in Q4FY26, displaying a robust 62.36% YoY increase from Rs 43,317 lakh in Q4FY25 and a 12.95% QoQ growth from Rs 62,264 lakh in Q3FY26. For FY26, net profit was Rs 2,50,743 lakh, increasing by 12.67% YoY from Rs 2,22,551 lakh in FY25.

Standalone Financial Highlights:

  • Revenue from operations: Recorded at Rs 1,41,478 lakh in Q4FY26, a growth of 55.17% YoY from Rs 91,176 lakh in Q4FY25 and a 19.88% QoQ increase from Rs 1,18,017 lakh in Q3FY26. For FY26, revenue reached Rs 4,91,555 lakh, a 12.43% YoY increase from Rs 4,37,198 lakh in FY25.
  • Total income: Stood at Rs 1,48,435 lakh in Q4FY26, up 52.38% YoY from Rs 97,408 lakh in Q4FY25 and 18.96% QoQ from Rs 1,24,780 lakh in Q3FY26. Total income for FY26 was Rs 5,20,258 lakh, up 14.14% YoY from Rs 4,55,807 lakh in FY25.
  • Profit before tax: Reached Rs 77,412 lakh in Q4FY26, jumping 87.26% YoY from Rs 41,339 lakh in Q4FY25 and 26.31% QoQ from Rs 61,289 lakh in Q3FY26. For FY26, profit before tax was Rs 2,58,670 lakh, a 10.73% YoY rise from Rs 2,33,613 lakh in FY25.
  • Net profit for the period: Reported at Rs 56,969 lakh in Q4FY26, exhibiting a strong YoY growth of 84.32% from Rs 30,907 lakh in Q4FY25, and a QoQ rise of 20.74% from Rs 47,182 lakh in Q3FY26. For FY26, net profit stood at Rs 1,96,837 lakh, an 11.29% YoY increase from Rs 1,76,873 lakh in FY25.

Business & Segment Highlights:

  • Dividend: The Board of Directors declared a 4th interim dividend of Rs 2 per equity share (20% of face value of equity share) for the financial year 2025-2026.
  • Amalgamation: The scheme of amalgamation of Nirmal Lifestyle Realty Private Limited (a wholly-owned subsidiary company) with Oberoi Realty Limited has been approved by the Hon'ble National Company Law Tribunal, Mumbai, vide its order dated April 06, 2026.
  • Debt Redemption: During the quarter ended March 31, 2026, the Company exercised the option available under the terms of the issue and redeemed an amount of Rs 13,200 lakh from Series I Non-Convertible Debentures (NCDs) by way of face value reduction.
  • Segment Performance - Real Estate:
    • Revenue for Q4FY26 was Rs 1,69,482 lakh, indicating a 54.52% YoY increase from Rs 1,09,683 lakh in Q4FY25, and a 17.95% QoQ rise from Rs 1,43,693 lakh in Q3FY26. For FY26, segment revenue was Rs 5,81,108 lakh, growing by 14.09% YoY from Rs 5,09,352 lakh in FY25.
    • Segment Results (Profit) for Q4FY26 stood at Rs 99,786 lakh, up 52.27% YoY (Rs 65,531 lakh in Q4FY25). FY26 segment profit was Rs 3,36,522 lakh (vs Rs 3,13,422 lakh in FY25).
  • Segment Performance - Hospitality:
    • Revenue for Q4FY26 reached Rs 5,501 lakh, a marginal YoY growth of 3.19% from Rs 5,331 lakh in Q4FY25, and a slight QoQ decline of 1.26% from Rs 5,571 lakh in Q3FY26. For FY26, segment revenue stood at Rs 19,798 lakh, up 2.71% YoY from Rs 19,275 lakh in FY25.
    • Segment Results (Profit) for Q4FY26 was Rs 1,588 lakh compared to Rs 2,266 lakh in Q4FY25. FY26 segment profit was Rs 6,973 lakh (vs Rs 7,433 lakh in FY25).

Result PDF

Realty company Brigade Enterprises announced Q4FY26 & FY26 results

Standalone Financial Highlights:

  • Total Income: For Q4FY26, total income was Rs 87,451 lakh, representing a YoY increase of 27.9% compared to Rs 68,382 lakh in Q4FY25 and a QoQ increase of 12.4% from Rs 77,811 lakh in Q3FY26.
  • Revenue from Operations: Revenue in Q4FY26 stood at Rs 81,573 lakh, up 31.8% YoY from Rs 61,878 lakh and up 14.6% QoQ from Rs 71,173 lakh in Q3FY26.
  • Annual Revenue and Income: For the full year FY26, revenue from operations reached Rs 2,62,418 lakh, showing a YoY growth of 24.0% over Rs 2,11,693 lakh in FY25. Total income for FY26 was Rs 2,89,216 lakh.
  • Profit Before Tax (PBT): For Q4FY26, PBT was Rs 12,471 lakh, reflecting a YoY decrease of 26.4% from Rs 16,939 lakh and a QoQ growth of 14.5% from Rs 10,891 lakh.
  • Net Profit: The profit after tax for Q4FY26 was Rs 8,941 lakh, marking a YoY decline of 57.0% from Rs 20,804 lakh, but a QoQ increase of 7.9% from Rs 8,287 lakh in Q3FY26.
  • Annual Net Profit: For the full year FY26, standalone net profit stood at Rs 27,747 lakh, representing a 39.1% YoY decrease compared to Rs 45,530 lakh in FY25.
  • Earnings Per Share (EPS): Basic and diluted EPS for FY26 stood at Rs 11.35 and Rs 11.34 respectively, compared to Rs 19.09 and Rs 19.04 in FY25.

Consolidated Financial Highlights:

  • Total Income: In Q4FY26, total income stood at Rs 1,52,311 lakh, showing a YoY decrease of 0.6% from Rs 1,53,229 lakh and a QoQ decrease of 6.2% from Rs 1,62,318 lakh.
  • Revenue from Operations: For Q4FY26, revenue was Rs 1,45,760 lakh, marking a marginal YoY decrease of 0.2% from Rs 1,46,039 lakh and a QoQ decline of 7.5% from Rs 1,57,511 lakh.
  • Annual Revenue and Income: For the full year FY26, revenue from operations grew by 12.3% to Rs 5,69,722 lakh compared to Rs 5,07,421 lakh in FY25. Total income for FY26 was Rs 5,90,901 lakh, up 11.2% YoY.
  • Profit Before Tax (PBT): Consolidated PBT for Q4FY26 was Rs 24,489 lakh, a YoY decrease of 19.9% from Rs 30,565 lakh and a QoQ decrease of 9.2% from Rs 26,963 lakh.
  • Net Profit: Consolidated profit after tax for Q4FY26 was Rs 19,070 lakh, a YoY decline of 23.5% from Rs 24,935 lakh and a QoQ decline of 7.4% from Rs 20,583 lakh.
  • Annual Net Profit: For the full year FY26, consolidated net profit stood at Rs 72,476 lakh, representing a 6.5% YoY growth from Rs 68,047 lakh in FY25.
  • Total Comprehensive Income: For FY26, total comprehensive income was Rs 72,789 lakh compared to Rs 67,618 lakh in FY25.

Business Highlights

  • Segment-wise Performance:
    • Real Estate: Revenue for FY26 was Rs 3,96,985 lakh, compared to Rs 3,40,263 lakh in FY25.
    • Leasing: Revenue for FY26 was Rs 1,29,707 lakh, compared to Rs 1,18,057 lakh in FY25.
    • Hospitality: Revenue for FY26 was Rs 59,561 lakh, compared to Rs 53,877 lakh in FY25.
  • Dividend: The Board has recommended a final dividend of Rs 2/- (20%) per equity share of Rs 10/- each for FY26.
  • Bonus Issue: The Company approved a bonus equity share issue in the proportion of 1:3, i.e., 1 bonus share for every 3 existing equity shares held, subject to member approval.
  • Share Capital: The Board approved increasing the authorised share capital from Rs 250,00,00,000 to Rs 400,00,00,000.
  • Subsidiary Developments: Subsequent to the balance sheet date, an investor invested in "Vibrancy Real Estates private limited," resulting in a dilution of the Holding Company's shareholding to 50%.
  • Labour Code Impact: The company recorded an exceptional item charge of Rs 1,380 lakh for the full year FY26 related to the assessment of material impact from the implementation of the four new labour codes.

Result PDF

Consumer Electronics company Blue Star announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • The Company’s Revenue from Operations grew by 1.3% to Rs 4072.06 crore for Q4FY26, compared to Rs 4018.96 crore during Q4FY25.
  • The Operating Profit (PBIDTA excluding Other Income) for the quarter grew by 16.8% to Rs 326.25 crore (8.0% of Revenue) in Q4FY26 compared to Rs 279.40 crore in Q4FY25 (7.0% of Revenue).
  • Finance costs for the quarter increased to Rs 23.06 crore as compared to Rs 18.75 crore for Q4FY25.
  • Other Income, including treasury income, for Q4FY26 was Rs 23.95 crore compared to Rs 23.99 crore in Q4FY25.
  • Tax expense for the quarter was Rs 72.91 crore, as compared to Rs 54.82 crore in Q4FY25.
  • Consequently, Profit (before share of Profit/Loss of JV and exceptional items) grew by 11.9% to Rs 278.92 crore in Q4FY26 compared to Rs 249.22 crore in Q4FY25.
  • Net Profit for the quarter was Rs 227.18 crore compared to Rs 194.00 crore in Q4FY25 representing a growth of 17.1%.

FY26 Financial Highlights:

  • The Company’s Revenue from Operations increased to Rs 12401.99 crore for FY26, as compared to Rs 11967.65 crore for FY25, representing a growth of 3.6%.
  • Operating Profit (PBIDTA excluding Other Income) for the year grew by 6.2% to Rs 930.41 crore (7.5% of revenue) compared to Rs 875.92 crore (7.3% of revenue) in FY25, mainly owing to the Company’s overall focus on cost management.
  • Profit Before Exceptional Items & Tax declined by 3.9% to Rs 741.94 crore in FY26 compared to Rs 772.42 crore in FY25.
  • Net Profit for the year declined to Rs 527.33 crore (4.3% of the revenue) compared to Rs 591.28 crore (4.9% of revenue) in FY25.
  • Other Income, including treasury income, for FY26 decreased by 17.5% to Rs 61.91 crore compared to Rs 75.00 crore in FY25, as the average cash surplus levels during the current year were lower than the previous year.
  • Net cash balance as of March 31, 2026, was Rs 175.45 crore compared to a net cash balance of Rs 640.35 crore as of March 31, 2025.
  • Finance cost for FY26 was Rs 72.14 crore compared to Rs 48.80 crore in FY25, mainly due to higher borrowing levels to support working capital requirements during the year.
  • Capital Employed as of March 31, 2026, increased to Rs 3258.41 crore as compared to Rs 2427.28 crore as of March 31, 2025.
  • Tax expense for FY26 was Rs 175.78 crore as compared to Rs 193.65 crore in FY25. The effective tax rate was 25% for FY26 as compared to 24.7% in FY25.
  • Earnings per share for the year (face value of Rs 2) was Rs 25.65 vis-à-vis Rs 28.76 in the previous year.
  • Carried Forward Order Book as of March 31, 2026, grew by 10.5% to Rs 6923.00 crore, compared to Rs 6263.36 crore as of March 31, 2025.

Vir S. Advani, Chairman & Managing Director, Blue Star, said: “FY26 was a challenging year shaped by multiple external factors but it concluded on a positive note. The onset of summer from mid-April 2026 has led to a steady pickup in consumer sales of Room ACs, indicating improving market momentum for FY27. The Electro-Mechanical Projects and Commercial Air Conditioning segments are expected to sustain their growth trajectory, supported by demand from the manufacturing and data centre sectors. However, rising input and commodity costs along with volatile exchange rates may present some challenges in managing margins. Further, the ongoing Middle East crisis may lead to supply chain disruptions and could dampen growth. Overall, we remain cautiously optimistic about the outlook for FY27, while continuing to take a balanced approach and strengthen operational efficiencies to navigate the evolving business environment.”

Result PDF

Cement & Cement Products company Shree Cements announced Q4FY26 results

Q4FY26 Standalone Financial Highlights:

  • Net Revenue from Operations for Q4FY26 stood at Rs 5,643 crore, representing a YoY increase of 7.7% from Rs 5,240 crore in Q4FY25 and a QoQ growth of 27.8% from Rs 4,416 crore in Q3FY26.
  • Operating Profit (EBITDA) for the quarter was Rs 1,250 crore, marking a YoY decrease of 9.5% compared to Rs 1,381 crore in Q4FY25 and a QoQ increase of 36.3% from Rs 917 crore in Q3FY26.
  • Profit After Tax reached Rs 532 crore, a YoY decline of 4.3% from Rs 556 crore in Q4FY25 and a QoQ increase of 90.7% from Rs 279 crore in Q3FY26.
  • Cash Profit for the quarter was Rs 1,195 crore, a YoY decrease of 6.1% from Rs 1,272 crore in Q4FY25 and a QoQ growth of 38% from Rs 866 crore in Q3FY26.

Q4FY26 Consolidated Financial Highlights:

  • Net Revenue from Operations for Q4FY26 was Rs 6,101 crore, reflecting a YoY growth of 10.3% compared to Rs 5,532 crore in Q4FY25 and a QoQ increase of 27.1% from Rs 4,801 crore in Q3FY26.
  • Operating Profit (EBITDA) stood at Rs 1,384 crore, representing a YoY decrease of 3.1% from Rs 1,429 crore in Q4FY25 and a QoQ growth of 38% from Rs 1,003 crore in Q3FY26.
  • Profit After Tax reached Rs 528 crore, marking a YoY decline of 8.2% from Rs 575 crore in Q4FY25 and a QoQ growth of 97% from Rs 268 crore in Q3FY26.
  • Cash Profit for the quarter was Rs 1,292 crore, showing a YoY decrease of 2.9% from Rs 1,330 crore in Q4FY25 and a QoQ increase of 34.6% from Rs 960 crore in Q3FY26.

Business Highlights

  • Operational Performance (India):
    • Total cement sale volume grew by 11% YoY to 10.56 million tonnes in Q4FY26 (up 24.5% QoQ).
    • Total volume including clinker sales increased by 9.4% YoY to 10.77 million tonnes (up 23.2% QoQ).
    • Sales of premium products reached 22% of total trade volume compared to 16% in Q4FY25.
  • Segment Performance (Ready-Mix Concrete - RMC):
    • The company expanded its RMC business to 26 operational plants at the end of FY26.
    • Inaugurated 10 new commercial RMC plants in March 2026, which will bring the total count to 36 plants at the start of FY27.
  • Capacity and Capex:
    • Commissioned an integrated project at Kodla, Karnataka, with 3.65 MTPA clinker capacity and 3.50 MTPA cement capacity.
    • Total installed cement production capacity in India (including wholly-owned subsidiaries) reached 69.3 MTPA.
    • Setting up a new integrated cement plant in Meghalaya with 0.95 MTPA clinker and 0.99 MTPA cement capacity.
    • Incorporated a wholly-owned subsidiary in Mauritius to establish cement blending, storage, and packaging facilities.
  • Sustainability Performance:
    • Green electricity share in total consumption stood at 61% in Q4FY26 compared to 59% in Q4FY25.
    • Installed green power generation capacity reached 666.5 MW.
  • Dividend:
    • The Board recommended a final dividend of Rs 70 per share for FY26.
    • Total dividend for the year stands at Rs 150 per share (including an interim dividend of Rs 80), representing a 36% increase over the Rs 110 per share paid in FY25.

Neeraj Akhoury, Managing Director, Shree Cement, said: “We are happy to report a strong performance during the quarter, with domestic cement sale volume increasing 11% YoY, supported by proactive efforts to deepen customer engagement and expand market reach. The sharp QoQ improvement in EBITDA and Profit After Tax reflects the effectiveness of our operational initiatives and revenue actions.

While cost pressures persisted due to the impact of the West Asia conflict, we continue to strengthen our performance by improving energy efficiency, increasing digitalisation across operations, and leveraging data-driven processes to enhance productivity. With robust demand fundamentals and ongoing digital and sustainability-led interventions, we are confident of delivering sustainable and profitable growth in the coming quarters.”

Result PDF

Wires & Cables company Polycab India announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income:
    • For Q4FY26, total income stood at Rs 89,248.95 million, representing a YoY growth of 26.89% compared to Rs 70,338.68 million in Q4FY25 and a QoQ growth of 16.11% from Rs 76,865.84 million in Q3FY26.
    • For the full year FY26, total income reached Rs 2,91,200.44 million, up 28.76% from Rs 2,26,159.49 million in FY25.
  • Revenue from Operations:
    • Revenue for Q4FY26 was Rs 88,644.77 million, a YoY increase of 26.89% from Rs 69,857.98 million and a QoQ increase of 16.09% from Rs 76,361.28 million.
    • Annual revenue for FY26 grew by 28.89% to Rs 2,88,837.92 million compared to Rs 2,24,083.13 million in FY25.
  • Profit Before Tax (PBT):
    • PBT for Q4FY26 was Rs 10,492.88 million, up 9.24% YoY from Rs 9,605.57 million and up 24.59% QoQ from Rs 8,421.99 million in Q3FY26.
    • Annual PBT for FY26 stood at Rs 36,130.75 million, marking a growth of 33.78% over Rs 27,008.45 million in FY25.
  • Net Profit (PAT):
    • PAT for Q4FY26 reached Rs 7,856.04 million, a YoY growth of 6.98% from Rs 7,343.62 million and a QoQ growth of 24.67% from Rs 6,301.68 million.
    • Annual PAT for FY26 was Rs 27,084.27 million, representing a 32.41% increase from Rs 20,455.37 million in FY25.
  • Earnings Per Share (EPS):
    • Basic EPS for Q4FY26 was Rs 52.18, compared to Rs 48.31 in Q4FY25.
    • Annual Basic EPS for FY26 stood at Rs 177.53, up from Rs 134.34 in FY25.

Standalone Financial Highlights:

  • Total Income: Q4FY26 total income was Rs 86,431.61 million, growing 24.97% YoY from Rs 69,159.15 million and 14.29% QoQ from Rs 75,623.85 million. Full year FY26 income was Rs 2,84,124.65 million compared to Rs 2,22,589.40 million in FY25.
  • Revenue from Operations: Q4FY26 revenue stood at Rs 85,850.96 million, up 25.11% YoY and 14.18% QoQ. Annual revenue for FY26 was Rs 2,81,851.77 million.
  • Net Profit (PAT): Q4FY26 standalone PAT was Rs 7,504.84 million, a 3.32% YoY growth and 22.14% QoQ growth. Annual PAT for FY26 was Rs 26,009.47 million, up 30.93% YoY.

Business Highlights:

  • Segment Performance):
    • Wires and Cables: Revenue reached Rs 2,55,344.18 million in FY26 compared to Rs 1,92,366.33 million in FY25.
    • FMEG (Fast Moving Electrical Goods): Revenue grew to Rs 20,693.28 million in FY26 from Rs 16,821.75 million in FY25.
  • EPC (Engineering, Procurement, and Construction): Revenue was Rs 16,664.96 million in FY26.
  • Dividend: The Board of Directors recommended a final dividend of 470%, which is Rs 47 per equity share of face value Rs 10 each for the financial year 2025-26.
  • Amalgamation: The Scheme of Amalgamation between the Company and its wholly-owned subsidiary, Uniglobus Electricals and Electronics Private Limited (UEEPL), was approved by the NCLT with an appointed date of April 01, 2025.
  • Labour Codes Impact: The Group recognized an incremental impact of Rs 200.64 million related to gratuity and long-term compensated absences following the notification of four new Labour Codes by the Government of India.
  • Share Capital: The paid-up equity share capital increased to 15,05,50,508 equity shares of Rs 10 each following the allotment of 1,24,610 shares under the Employee Stock Option Scheme 2018.

Inder T. Jaisinghani, Chairman & Managing Director, Polycab India, said: “FY26 has been a defining year for our company, marked by our strong execution and ability to capture domestic market share, which increased by approximately 3-4% during the year. This growth reflects the success of Project Spring, which has structurally strengthened our competitive position and enabled us to outperform the broader industry. We closed the year on a high note with a robust Q4FY26 performance, delivering 27% YoY growth in consolidated revenue, driven by sustained demand across our Wires & Cables and FMEG segments. Despite a challenging external environment, we achieved our highest-ever quarterly PAT of approximately Rs 7.9 billion, underscoring the resilience and strength of our operating model. Overall, FY26 stands out as a landmark year, with record revenues, EBITDA, and profitability, reinforcing our leadership in the Indian electrical industry. Backed by a strong balance sheet and continued investments in capacity expansion, innovation, and distribution, we remain confident in leveraging our enhanced market presence to drive consistent, industry-leading growth in the years ahead.”

Result PDF

Wires & Cables company KEI Industries announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • During Q4FY26 Net Sales was Rs 3476.40 crore, against Q4FY25 of Rs 2914.79 crore.
  • During Q4FY26 EBIDTA was Rs 424.44 crore against Q4FY25 of Rs 338.38 crore.
  • Further, PAT during this Quarter was 284.31 crore against Q4FY25 of Rs 226.55 crore.
  • PAT/Net Sales was 8.18% during the quarter as against 7.77% during last year same period.

FY26 Financial Highlights:

  • During FY26, Net Sales was Rs 11747.77 crore, against same period in previous year of Rs 9735.88 crore.
  • During FY26 EBIDTA was Rs 1387.60 crore against same period in the previous year of Rs 1062.76 crore.
  • Further, PAT during FY26 was Rs 918.43 crore against same period in the previous year of Rs 696.41 crore.
  • PAT/Net Sales was 7.82% as against 7.15% during last year same period.

Business Highlights:

  • Cable and Wires:
    • Sales through Dealer/ Distribution market increased by 29.28% YoY in Q4FY26.
    • Sales through Dealer/ Distribution contributed 55.70% of overall sale in Q4FY26 and 54.04% of overall sale in FY26.
    • The total active working dealer of the company as on 31.03.2026 was 2125 Nos.
    • Sales through Dealer/ Distribution market increased by 24.79% YoY in FY26.
  • EPC Projects and SS Wire:
    • EPC Sale (apart from Cable) increased by 71.94% YoY in Q4FY26.
    • During the FY26 EPC contribution is 2.65%.
    • Export Sale of EPC is 4 crore in Q4FY26 and 51 crore in FY26.
    • SS Wire sale increased by 21.19% YoY in Q4FY26 and at par in FY26.
    • Export Sale of SS Wire is 27 crore in Q4FY26 and 105 crore in FY26.

Result PDF

Cement & Cement Products company Ambuja Cements announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Highest ever sales volume in a quarter @ 19.9 million T, growth of 10% YoY.
  • Highest ever quarterly revenue at Rs 10,915 crore, up 9% YoY.
  • Operating EBITDA at Rs 1,464 crore with margin at 13.4%; PMT EBITDA @ Rs 735.
  • EBITDA Margin: 13.4%, down 530 bps YoY (vs 18.7%)
  • EBITDA per ton: Rs 735, down 28.5% YoY (vs Rs 1,028)
  • Ambuja continues to remain debt-free.
  • Dividend on equity shares at Rs 2 per share.

FY26 Financial Highlights:

  • Cement Sales Volume: 73.7 MnT, up 16.1% YoY (vs 63.5 MnT)
  • Revenue from Operations: Rs 40,656 crore, up 15.1% YoY (vs Rs 35,336 crore)
  • Operating EBITDA: Rs 6,539 crore, up 9.5% YoY (vs Rs 5,971 crore)
  • EBITDA Margin: 16.1%, down 80 bps YoY (vs 16.9%)
  • EBITDA per ton: Rs 887, down 5.6% YoY (vs Rs 940)
  • PAT (Normalised): Rs 2,647 crore, up 17.4% YoY (vs Rs 2,255 crore)
  • Diluted EPS: Rs 19.0, up 8.6% YoY (vs Rs 17.5)

Business Highlights:

  • Amalgamation of Sanghi and Penna Cement with Ambuja Cements successfully completed; Sanghi got delisted w.e.f. 6th April 2026 from the stock exchanges.
  • ACC and Orient Cement filed the necessary applications with BSE and NSE. Companies are currently awaiting no-objection certificates from SEBI.
  • During Q4, clinkering line with 3 MTPA at Jodhpur was commissioned, and a trial run has started for a 1.2 MTPA Dahej GU Line 2.
  • Green power share up 6pp from 26% to 32% in Q4 YoY

Vinod Bahety, Whole Time Director & CEO, Ambuja Cements, said: “FY26 has been year of resilience for the Cement sector which has witnessed consolidation, GST 2.0 reforms on one side, while adverse weather conditions, global geo-political factors and state elections affected some or the other way. Against this backdrop, Ambuja Cements delivered a resilient performance for the year with highest ever annual volume of 73.7 million T, revenue of Rs 40,656 crore, EBITDA at Rs 6,539 crore (Rs 887 PMT) and normalised PAT of Rs 2,647 crore. For Q4FY26, we have sustained the performance at volume of 19.9 milion T, revenue of Rs 10,915 crore & EBITDA at Rs 1,464 crore.

Volumes grew well ahead of the industry, followed by improved realisations driven by a higher share of trade & premium products, and better utilisation of the existing assets.

FY26 marked a transition from expansion to consolidation with significant progress on the ‘One cement platform’ wherein Sanghi and Penna merged successfully with Ambuja.

We remain focused on stabilising new capacities, strengthening operating efficiency and improving asset utilisation, supported by a debt-free balance sheet, strong liquidity and the highest credit ratings.

While India’s long-term infrastructure growth story remains fundamentally strong, the outlook for FY27 growth remains soft due to current geopolitical challenges and early forecast of below normal monsoon. We expect industry demand at ~ 5% for FY27.”

Result PDF

Realty company Godrej Properties announced Q4FY26 & FY26 results

Consolidated Financial Highlights

  • Total Income for Q4FY26 stood at Rs 3,895 crore, representing a significant growth of 47% YoY compared to Rs 2,646 crore in Q4FY25 and a substantial increase of 282% QoQ from Rs 1,020 crore in Q3FY26.
  • Net Profit after tax for Q4FY26 reached Rs 650 crore, a growth of 70% YoY from Rs 382 crore in Q4FY25 and a massive increase of 233% QoQ from Rs 195 crore in Q3FY26.
  • EBITDA for Q4FY26 was reported at Rs 959 crore, reflecting a 51% YoY growth from Rs 634 crore and a 183% QoQ growth from Rs 338 crore.
  • Adjusted EBITDA for Q4FY26 stood at Rs 1,051 crore, up 56% YoY from Rs 675 crore and up 200% QoQ from Rs 351 crore.
  • Profit before tax for Q4FY26 was Rs 871 crore, increasing by 54% YoY and 216% QoQ.
  • For the full year FY26, Total Income reached Rs 8,374 crore, showing a 22% increase compared to Rs 6,848 crore in FY25.
  • Annual Net Profit after tax for FY26 was Rs 1,850 crore, marking a growth of 32% over FY25's Rs 1,400 crore.
  • Annual EBITDA for FY26 stood at Rs 2,826 crore, reflecting a 43% YoY growth from Rs 1,970 crore.
  • Annual Adjusted EBITDA for FY26 was reported at Rs 2,957 crore, up 37% from Rs 2,164 crore in the previous year.
  • Networth of the company as of March 31, 2026, was Rs 19,156 crore.
  • Net Debt as of March 31, 2026, stood at Rs 6,414 crore compared to Rs 3,269 crore as of March 31, 2025.
  • The Average Borrowing Cost (YTD) improved to 7.05% as of March 31, 2026, from 7.80% as of March 31, 2025.

Business Highlights

  • The company achieved its highest-ever annual booking value of Rs 34,171 crore in FY26, representing a growth of 16% YoY.
  • Q4FY26 booking value reached Rs 10,163 crore, matching the previous best quarter and growing 21% QoQ. This is the 11th consecutive quarter in which the company has delivered more than Rs 5,000 crore of booking value.
  • Total annual customer collections for FY26 reached a record Rs 19,965 crore, a growth of 17% YoY.
  • Q4FY26 collections stood at Rs 7,947 crore, marking a 14% YoY increase and an 86% QoQ increase.
  • Annual Operating Cashflow (OCF) for FY26 was Rs 7,830 crore, showing a YoY growth of 5%.
  • Q4FY26 OCF was Rs 4,631 crore, representing a 14% YoY growth and a 336% QoQ growth.
  • The company delivered approximately 12.1 million sq. ft. of area across 9 cities in FY26, achieving 121% of its annual guidance.
  • In FY26, the company added 18 new projects with an estimated saleable area of 33.32 million sq. ft. and an expected booking value of Rs 42,100 crore, doubling its initial guidance.
  • In Q4FY26, the company added 6 new projects with an estimated saleable area of approximately 11 million sq. ft. and an expected booking value of Rs 17,450 crore.
  • Promoters utilized the entire creeping acquisition limit by investing Rs 2,674 crore to acquire a 5.0% stake in the company during FY26, including Rs 2,373 crore invested in Q4FY26.

Segment-wise Performance

  • Residential Sales (Regional):
    • MMR: Registered an annual booking value of Rs 10,312 crore through the sale of 4.87 million sq. ft.
    • Bengaluru: Reported an annual booking value of Rs 8,801 crore with 8.30 million sq. ft. sold.
    • NCR: Achieved an annual booking value of Rs 7,412 crore through the sale of 4.46 million sq. ft.
    • Pune: Recorded an annual booking value of Rs 3,659 crore with 3.73 million sq. ft. sold.
    • Hyderabad: Registered an annual booking value of Rs 2,360 crore through the sale of 2.75 million sq. ft.
  • Commercial Portfolio:
    • Leased approximately 0.88 million sq. ft. of net area across 6 assets in FY26.
    • The company has 5 operational assets (5.85 million sq. ft.) with a rental potential of approximately Rs 1,000 crore per annum.
  • Hospitality (Taj The Trees):
    • Revenue for FY26 was Rs 123 crore, reflecting a 14% growth over FY25.
    • EBITDA for the segment was Rs 48 crore, a 22% increase YoY.
  • Community Management (Godrej Living):
    • Revenue for FY26 reached Rs 156 crore, a growth of 93% compared to Rs 81 crore in FY25.
    • The segment achieved break-even in its third full year of operations with an EBITDA of Rs 6 crore.

Result PDF

Cement & Cement Products company ACC announced Q4FY26 results

Q4FY26 Financial Highlights:

  • Highest ever sales volume in a quarter at 11.9 MnT, a growth of 8% YoY.
  • Highest?ever quarterly revenue of Rs 7,146 crore, up 17% YoY driven by higher premium product mix. Share of premium cement (as a % of trade sales) up from 41% to 45% YoY.
  • PAT: Rs 241 crore against Rs 542 crore during Q4FY25.
  • Highest ever quarterly RMC volume at 1.14 Mn M3, up by 33% YoY; EBITDA at Rs 102 crore, up by 79% YoY.
  • Capacity utilisation significantly improved by ~9% sequentially to ~80%.
  • ACC continues to remain Debt Free with highest credit rating.
  • Dividend on equity shares at Rs. 7.5 per share.

Business Highlights:

  • Capacity Expansion: Salai Banwa (UP) and Kalamboli (MH) expansion will add 3.4 MTPA capacity in Q1FY27.
  • Green Power: Green power share increased from 22% to 31% in Q4 YoY.
  • One Cement Platform: The Board approved the amalgamation of ACC with Ambuja on December 22, 2025. The merger scheme has been filed with stock exchanges and is awaiting SEBI’s NOC, with completion expected in FY27.

Vinod Bahety, Whole-Time Director & CEO, ACC, said: “Amidst, the global volatility and energy cost pressures, we have delivered a sustained performance this quarter and during this fiscal, supported by strong brand penetration and disciplined execution across our operations. Despite headwinds, we recorded a highest ever sales volume and revenue in the quarter. Volume growth was driven by a higher share of trade and premium cement, continued momentum in ready-mix concrete, and improved utilisation of our existing asset base.

The year marked continued progress on improving utilisation across the existing asset base and advancing alignment under the proposed ‘One Cement Platform’, focused on operational integration, capital efficiency and long-term value creation.

Digitalisation under CiNOC and the strengthening of our RESQ1 framework supported operational reliability and efficiency. With a sustained emphasis on execution, cost discipline and premiumisation, we are positive for improved performance on the back of cost efficiency in the coming quarters.”

Result PDF

Ceramics company Kajaria Ceramics announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights

  • Total Sales: Rs 1,373.35 crore in Q4FY26, up 12% compared to Rs 1,226.57 crore in Q4FY25.
  • EBITDA: Rs 263.52 crore, representing a growth of 115% from Rs 122.81 crore in Q4FY25.
  • EBITDA Margin: 19.19% for Q4FY26 compared to 10.01% in Q4FY25.
  • Profit Before Tax: Rs 223.98 crore, a growth of 189% from Rs 77.61 crore in Q4FY25.
  • Profit After Tax: Rs 155.75 crore, increasing by 266% from Rs 42.53 crore in Q4FY25.
  • Volume Growth: Achieved an 11% volume growth during the quarter.

FY26 Consolidated Financial Highlights

  • Total Sales: Rs 4,832.50 crore for FY26, a 3% increase over Rs 4,683.24 crore in FY25.
  • EBITDA: Rs 861.95 crore, up 44% compared to Rs 597.50 crore in FY25.
  • EBITDA Margin: 17.84% for FY26 compared to 12.76% in FY25.
  • Profit Before Tax: Rs 679.78 crore, a 56% growth over Rs 435.98 crore in FY25.
  • Profit After Tax: Rs 485.41 crore, up 65% from Rs 294.36 crore in FY25.

Q4FY26 Standalone Financial Highlights

  • Total Sales: Rs 1,234.91 crore in Q4FY26, up 12% compared to Rs 1,104.93 crore in Q4FY25.
  • EBITDA: Rs 218.80 crore, a growth of 127% from Rs 96.26 crore in Q4FY25.
  • EBITDA Margin: 17.72% for Q4FY26 compared to 8.71% in Q4FY25.
  • Profit Before Tax: Rs 203.20 crore, compared to a loss of Rs 29.26 crore in Q4FY25.
  • Profit After Tax: Rs 143.25 crore, compared to a loss of Rs 54.88 crore in Q4FY25.

FY26 Standalone Financial Highlights

  • Total Sales: Rs 4,374.31 crore for FY26, up 4% compared to Rs 4,218.82 crore in FY25.
  • EBITDA: Rs 694.76 crore, representing a growth of 42% from Rs 489.88 crore in FY25.
  • EBITDA Margin: 15.88% for FY26 compared to 11.61% in FY25.
  • Profit Before Tax: Rs 625.70 crore, up 96% from Rs 319.25 crore in FY25.
  • Profit After Tax: Rs 456.67 crore, a growth of 124% over Rs 204.14 crore in FY25.

Business Highlights:

  • Sales Momentum: After flattish growth in the first 9 months due to sales unification efforts, the company experienced strong demand momentum starting in January 2026.
  • Margin Improvement: Enhanced margins were driven by cost optimization, improved sales realization, and efficiencies across production and supply chain channels.
  • Buyback: The Board announced a buyback of equity shares, subject to shareholder approval.
  • Expansion: The Board approved the expansion of the Srikalahasti facility (Andhra Pradesh) with a 10 million sq. meter capacity for Glazed Vitrified Tiles at an approximate cost of Rs 210 crore, expected to be completed by March 2027.
  • Subsidiary Acquisition: The Board approved acquiring the remaining 15% stake (CCPS) in Kajaria Bathware (P) Ltd from Aravali Investment Holdings for Rs 50 crore.
  • Adhesives Division: The company acquired a 75% stake in Kajaria Adhesive Private Limited and approved acquiring the remaining 25% to make it a wholly-owned subsidiary. A new plant in Tamil Nadu is expected to be operational in Q2FY27.
  • International Operations: The company closed its showroom operations in the UK due to high running expenses but maintains joint ventures in the UAE and Nepal.

Chairman's Message: "I am pleased to inform you that this quarter we achieved a volume growth of 11%. This is the result of several efforts made towards the unification of sales. During the first 9 months, this unification meant realignment of inventory across channels, resulted into flattish growth in first 9 months.

After which we experienced good momentum in demand since January 2026, which was result of efforts made by us in first 9 months.

In Q4FY26, our consolidated revenue increased by 12% to Rs. 1373 crore, compared to Q4FY25. EBITDA margin for Q4FY26 stood at 19.19%.

Margin improvement is result of cost optimization and some improvement in sales realization along with all round efficiencies in production, sales and supply chain channel.

The journey has just begun, and we remain optimistic about the current year’s performance and beyond.

We are pleased to announce the buyback of equity shares (subject to shareholders' approval) which reflects our strong financial position and confidence in the Company’s long-term fundamentals. This initiative aims to enhance shareholder value and optimize capital allocation."

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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