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Nifty Financial Services Ex-Bank Results: Latest Quarterly Results & Analysis

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SBI Cards and Payment Services Ltd. 27 Apr 2026 15:10 PM
Result PDF

Q4FY26 Quarterly Result Announced for SBI Cards and Payment Services Ltd.

Finance company SBI Cards and Payment Services announced Q4FY26 results

Q4FY26 Standalone Financial Highlights:

  • Total Income: Reported at Rs 5,187 crore, an increase of 7.35% YoY compared to Rs 4,832 crore in Q4FY25, and a decrease of 3.10% QoQ compared to Rs 5,353 crore in Q3FY26.
  • Fees and Other Revenue: Stood at Rs 2,553 crore, growing by 13.01% YoY compared to Rs 2,259 crore in Q4FY25.
  • Profit Before Tax: Reported at Rs 816 crore, an increase of 13.49% YoY compared to Rs 719 crore in Q4FY25, and an increase of 8.95% QoQ compared to Rs 749 crore in Q3FY26.
  • Profit After Tax: Reported at Rs 609 crore, an increase of 14.04% YoY compared to Rs 534 crore in Q4FY25, and an increase of 9.34% QoQ compared to Rs 557 crore in Q3FY26.
  • Earnings Per Share (Basic): Stood at Rs 2.58 for the quarter compared to Rs 2.15 in Q4FY25, representing a YoY growth of 20%.
  • Dividend: The Board approved an interim dividend for the financial year 2026 at the rate of Rs 0.50 (Fifty Paisa only) per equity share (25% of face value of Rs 2 each).

FY26 Standalone Financial Highlights:

  • Total Income: Reported at Rs 20,708 crore for FY26, an increase of 11.11% YoY compared to Rs 18,637 crore in FY25.
  • Finance Costs: Rs 3,072 crore, a decrease of 3.34% YoY compared to Rs 3,178 crore in FY25.
  • Profit After Tax: Reported at Rs 2,167 crore, showing a growth of 13.10% YoY compared to Rs 1,916 crore in FY25.
  • Earnings Per Share (Basic): Stood at Rs 8.98 for FY26, remaining stable compared to Rs 8.98 in FY25.

Business Highlights:

  • Card-in-force: Grew by 6% YoY to 2.21 crore as of Q4FY26 (compared to 2.08 crore in Q4FY25).
  • Spends: Grew by 31% YoY to Rs 1,15,350 crore in Q4FY26 from Rs 88,365 crore in Q4FY25.
  • Receivables: Grew by 2% YoY to Rs 56,926 crore in Q4FY26 compared to Rs 55,840 crore in Q4FY25.
  • Asset Quality: Gross Non-performing assets (GNPA) improved to 2.41% as of March 31, 2026, from 3.08% as of March 31, 2025. Net Non-performing assets (NNPA) improved to 1.04% from 1.46% YoY.
  • Capital Adequacy: The Capital Adequacy Ratio (CRAR) was 25.5% as of March 31, 2026, compared to 22.9% as of March 31, 2025. Tier 1 capital was at 20.0%.
  • Market Share: For FY26, the market share in terms of Card-in-force was 18.6% and in terms of Spends was 18.1%.
  • New Accounts: New accounts volume stood at 917k in Q4FY26.

Result PDF

Result PDF

Finance company L&T Finance announced Q4FY26 & FY26 results

Q4FY26 Standalone Financial Highlights:

  • Total Income: Reported at Rs 4,921.16 crore, a growth of 7.41% QoQ from Rs 4,581.71 crore and a growth of 22.28% YoY from Rs 4,024.43 crore.
  • Net Profit: Reported at Rs 947.09 crore, an increase of 29.49% QoQ from Rs 731.42 crore and a growth of 50.20% YoY compared to Rs 630.59 crore.
  • Earnings Per Share (EPS): Basic EPS stood at Rs 3.78 for the quarter, an increase of 29.45% QoQ from Rs 2.92 and 49.41% YoY from Rs 2.53.
  • Total Comprehensive Income: Reported at Rs 990.74 crore, reflecting a growth of 38.23% QoQ and 55.08% YoY.

Q4FY26 Consolidated Financial Highlights:

  • Total Income: Reported at Rs 4,771.10 crore, an increase of 4.14% QoQ from Rs 4,581.49 crore and a growth of 18.47% YoY from Rs 4,027.22 crore.
  • Net Profit: Reported at Rs 809.16 crore, up 9.64% QoQ from Rs 737.99 crore and up 27.26% YoY from Rs 635.84 crore.
  • Earnings Per Share (EPS): Basic EPS stood at Rs 3.22, up 9.15% QoQ and 26.27% YoY.
  • Total Comprehensive Income: Reported at Rs 852.84 crore, representing an increase of 17.91% QoQ and 32.41% YoY.

FY26 Standalone Financial Highlights:

  • Total Income: Stood at Rs 18,054.20 crore for FY26, a growth of 13.33% YoY compared to Rs 15,930.12 crore in FY25.
  • Net Profit: Reported at Rs 3,100.31 crore, showing a growth of 18.43% YoY from Rs 2,617.81 crore.
  • Net Cash Flows: Net cash used in operating activities was Rs (14,236.69) crore, compared to Rs (16,608.17) crore in the previous year.
  • Earnings Per Share (EPS): Basic EPS for the year was Rs 12.40, a growth of 18.10% YoY from Rs 10.50.
  • Dividend: Recommended a final dividend of Rs 2.75 per Equity Share (27.5% of face value Rs 10).

FY26 Consolidated Financial Highlights:

  • Total Income: Stood at Rs 17,917.03 crore for FY26, showing a growth of 12.39% YoY compared to Rs 15,940.98 crore in FY25.
  • Net Profit (Attributable to Owners): Reported at Rs 2,981.18 crore, a growth of 12.77% YoY from Rs 2,643.66 crore.
  • Net Cash Flows: Net cash used in operating activities was Rs (14,189.24) crore, compared to Rs (16,587.47) crore in the previous year.
  • Earnings Per Share (EPS): Basic EPS for the year was Rs 11.92, a growth of 12.35% YoY from Rs 10.61.

Business Highlights:

  • New Business Entry: The Board approved entering the business of pre-paid instruments (wallets and cards) and acting as a Third-Party Application Provider, subject to regulatory approvals.
  • Fund Raising: Approved raising funds via non-convertible debentures (NCDs) up to an aggregate amount of Rs 1,23,500 crore. Also approved the issuance of cumulative compulsorily redeemable non-convertible preference shares up to Rs 6,012 crore.
  • Acquisition: On June 9, 2025, the company acquired the gold loan business of Paul Merchants Finance Private Limited (PMFL) for a total consideration of Rs 711.93 crore.
  • Labour Code Impact: The group accounted for an estimated one-time incremental impact as an Exceptional Item amounting to Rs 28.51 crore (Consolidated) and Rs 28.43 crore (Standalone) due to the recognition of past service costs under the New Labour Codes.
  • Asset Quality: Standalone Gross Stage 3 assets stood at 3.41% as of March 31, 2026, compared to 3.69% in the previous year. Net Stage 3 assets improved to 1.44% from 1.84% YoY.
  • Capital Adequacy: Standalone Capital Adequacy Ratio (CRAR) stood at 18.84% as of March 31, 2026.
  • Appointments: Appointed Mr. Sachinn Joshi (as CFO and Whole-time Director for 2 years) and Mr. Raju Dodti (as Whole-time Director for 3 years), effective upon regulatory approvals.

Sudipta Roy, Managing Director & CEO, LTF, said: “FY26 has been a good year for us, despite significant headwinds in our microfinance business in the initial months of the year and the end of the year closing with geopolitical tensions. Through the course of the year, we remained steadfast in our approach—tightening credit and risk administration frameworks, strengthening collections infrastructure, accelerating our AI-led technology transformation and continuously focusing on growth across all our business lines. On the microfinance business, our focus was on navigating the cycle with prudence and our efforts have yielded results, with business parameters across both disbursements and collection efficiencies now reverting to near pre-crisis levels, giving us confidence that FY27 will be a stable and productive year for this segment.

FY26 also marks the successful completion of our Lakshya 26 strategic plan, achieving most of our stated objectives even amid volatility in the credit environment. This reflects the resilience of our diversified franchise, disciplined execution, and the strength of the digital and analytics capabilities that we built during the plan period. As we embark on our next five-year strategic roadmap, Lakshya 31, we are setting ourselves ambitious and measurable targets to drive consistent growth with improved profitability. While global geopolitical uncertainties persist, we remain confident that the solid foundation established during the Lakshya 26 period will enable us to deliver steady outcomes and create long-term value for all stakeholders and truly transform L&T Finance into a Risk-first, Technology-first, Multi-product Retail Financier of Choice.”

Result PDF

Finance company Shriram Finance announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • The Net Interest Income for Q4FY26 increased by 15.58% and stood at Rs 6,994.08 crore as against Rs 6,051.19 crore in Q4FY25.
  • The profit after tax increased by 40.86% and stands at Rs 3,013.57 crore as against Rs 2,139.39 crore recorded in Q4FY25.
  • he earning per share (basic) increased by 40.77% and stands at Rs 16.02 as against Rs 11.38 recorded in Q4FY25.

FY26 Financial Highlights:

  • The Net Interest Income for FY26 increased by 14.09% and stood at Rs 26,051.44 crore as against Rs 22,835.09 crore for FY25.
  • The profit after tax stands at Rs 9,998.15 crore as against Rs 9,761.00 crore (including exceptional item) in FY25.
  • The earning per share (basic) increased by 20.80% and stands at Rs 53.15 as against Rs 44.00 (excluding exceptional gain) recorded in FY25.
  • Assets under Management: Total Assets under Management as on 31st March, 2026 increased by 14.85% and stood at Rs 302,273.75 crore as compared to Rs 263,190.27 crore as on 31st March, 2025 and Rs 291,709.03 crore as on 31st December, 2025.
  • Dividend: The Board of Directors has recommended a final dividend of Rs 6/- per equity share of face value of Rs 2/- each fully paid up i.e. 300%, for FY26 subject to approval by Members in the ensuing 47th Annual General Meeting (47th AGM) of the company.

Result PDF

SBI Life Insurance Company announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Net Premium Income: Rs 27,68,379 lakh against Rs 23,86,071 lakh during Q4FY25, change 16%.
  • PBT: Rs 81,578 lakh against Rs 84,061 lakh during Q4FY25, change -3%.
  • PAT: Rs 80,464 lakh against Rs 81,351 lakh during Q4FY25, change -1%.

FY26 Financial Highlights:

  • Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 25.5% & 22.9% respectively.
  • Annualized Premium Equivalent (APE) stands at Rs 242.7 billion with growth of 13%.
  • Individual New Business Sum Assured stands at Rs 4,463 billion with 61% growth.
  • Improvement in 13M & 49M persistency by 53 bps & 107 bps respectively.
  • Value of New Business (VoNB) stands at Rs 66.7 billion with growth of 12%.
  • VoNB Margin stands at 27.5% • Indian Embedded value (IEV) stands at Rs 807.9 billion with 15% growth.
  • Profit After Tax (PAT) stands at Rs 24.7 billion with 2% growth.
  • Operating Return on Embedded Value stands at 19.7%.
  • Assets under Management stands at Rs 4.9 trillion with 9% growth.
  • Robust Solvency ratio of 1.90.

Amit Jhingran, MD & CEO, SBI Life, said: The life insurance industry witnessed improved momentum during FY26, supported by recent regulatory measures and a gradual shift in customer preference towards protection-oriented products. The exemption of GST on individual policies enhanced affordability and supported demand during the period.

The Company’s product mix reflected evolving customer preferences, with balanced contributions from ULIPs, participating and non-participating savings products, while the Par and retail protection segments recorded strong YoY premium growth. The Company reported stable Value of New Business (VNB) margins along with steady VNB growth during FY26.

SBI Life Insurance remains focused on maintaining a balanced approach to growth and profitability. The Company continues to strengthen its product portfolio, distribution capabilities and operational efficiencies, while adhering to prudent risk management practices. As one of the leading private life insurers in India, SBI Life remains committed to enhancing insurance penetration and delivering long-term value to all stakeholders.

Result PDF

Capital Markets company 360 One Wam announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue from operations: Rs 835 crore against Rs 652 crore during Q4FY25, change 28%.
  • PBT: Rs 363 crore against Rs 324 crore during Q4FY25, change 12%.
  • PAT: Rs 292 crore against Rs 250 crore during Q4FY25, change 17%.

FY26 Financial Highlights:

  • Total Revenue increased by 18.6% YoY to Rs 3,144 crore driven by strong growth in ARR AUM and retentions.
  • Revenue from Operations was Rs 3,066 crore - an increase of 25.4% YoY.
  • ARR revenue was Rs 2,289 crore - an increase of 34.5% YoY.
  • Combined ARR retention improved to 78 basis points (bps) vis-à-vis 73 bps in FY25. Within that, Wealth Management retention was at 76 bps, while Asset Management retention was at 83 bps.
  • Consolidated Profit After Tax was Rs 1,225 crore - an increase of 20.7% YoY as against Rs 1,015 crore for FY25.
  • Tangible net worth stood at Rs 6,722 crore. Tangible Return on Equity was at 19.3%.

Business Highlights:

  • Assets under Management for 360 ONE stood at Rs 6,74,492 crore, consisting of ARR AUM of Rs 3,11,940 crore and Transactional / Brokerage AUM of Rs 3,62,552 crore.
    • Wealth Management: ARR AUM rose to Rs 2,16,734 crore ( 33.4% YoY) supported by net flows across segments. 360 ONE Plus proposition saw growth of 36.7% YoY, while Distribution and Lending businesses grew by 30.9% YoY and 37.1% YoY respectively. Overall, it manages assets for 8,500 families and corporates.
    • Asset Management: ARR AUM increased to Rs 95,206 crore ( 12.8% YoY) driven by net flows across Private Equity ( 13.2% YoY), Credit & Hybrid ( 26.7% YoY) and Real Assets ( 67.2%) segments. FY26 marked a step-up in global and domestic institutional relationships, with engagement across the alternate strategies' platform

Result PDF

PNB Housing Finance announced Q4FY26 & FY26 results

  • Assets Under Management scaled beyond Rs 90,000 crore milestone, reaching Rs 90,921 crore as of FY26, reflecting a 13%YoY growth.
  • Retail Loan Asset grew by 16% YoY to Rs 86,946 crore as on 31st March 2026, which is 99.5% of the Total Loan Asset.
  • Affordable and Emerging Markets segment grew by 28% YoY and contributes 40% to the Retail Loan Asset.
  • Q4FY26 overall disbursements increased by 36% YoY and 50% QoQ to Rs 9,355 crore, including Rs 335 crore from the disciplined re?entry into the Corporate lending segment.
  • Retail disbursements clocked an all-time high of Rs 9,020 crore in Q4FY26.
  • Net profit for Q4FY26 grew by 19% YoY to Rs 656 crore whereas for FY26 Net Profit grew by 18% YoY to Rs 2,291 crore, led by healthy improvement in operating leverage.
  • Spread during the quarter moderated by 10 bps sequentially to 2.12% on account of softening of yield by 25 bps to 9.47% due to lower incremental yield vs book yield.
  • Our Q4FY26 cost of borrowing improved by 15 bps sequentially to 7.35%.
  • Net interest margin improved by 6 bps in Q4FY26 to 3.69% compared to 3.63% during previous quarter.
  • Achieved significant milestone on asset quality with Gross NPA reduced to <1% levels at 0.93% as on 31st March 2026.
  • Recoveries from written-off pool of Rs 332 crore in FY26 resulted in a negative credit cost of -0.45%.
  • ROA improved by 10 bps YoY to 2.66% and ROE improved by 54 bps YoY to 12.73%.
  • The total number of branches stands at 393 as on 31st March 2026, with 37 additions in FY26.
  • Capital Risk Adequacy Ratio stood at 27.26% as on 31st March 2026; Tier I at 26.89%.
  • The Board of Directors recommended a dividend of Rs 8 per equity share having face value of Rs 10/- for FY26, subject to the shareholder’s approval at the ensuing Annual General Meeting.

Ajai Shukla, Managing Director & CEO said: “FY26 marked a year of resilient and balanced growth for the Company, reflecting the strength of our strategy and focused approach. We delivered a healthy expansion in our retail loan portfolio along with sustaining robust asset quality and profitability. The continued focus on disciplined collections and portfolio management resulted in GNPA improving to sub-1% levels. Our Return on Asset improved during the year, supported by strong financial performance and prudent management practices.

The successful restart of our corporate lending business during the year represents a key strategic milestone and reinforces our confidence in calibrated, risk-aligned growth opportunities. Technology remained a critical enabler across the organisation, driving operational efficiencies and enabling a more seamless, transparent, and superior customer experience.

Aligned with our core purpose of enabling home ownership, we reached an important milestone during the year by facilitating over 5,000 subsidy benefits for our customers under the Pradhan Mantri Awas Yojana (PMAY-U 2.0). As we look ahead, we remain steadfast in our role as a responsible housing finance institution, committed to nation-building by enabling more home ownership dreams across geographies and income segments.”

Result PDF

Finance company Jio Financial Services announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Consolidated Total Income at Rs 1,020 crore, up 97% YoY.
  • Consolidated PPOP was at Rs 327 crore.
  • Jio Credit’s AUM crosses Rs. 25,000 crore in FY26
  • Jio Payment Solutions Total Payment Value crosses Rs. 50,000 crore in FY26
  • The JioFinance app registers 23 million unique users
  • Board recommends a dividend of Rs. 0.60 per share with a face value of Rs 10 each.

FY26 Financial Highlights:

  • Net Income from Business Operations, up 4x YoY to Rs 1,390 crore, representing 54% of Consolidated Total Net Income in FY26, up from 20% in FY25.
  • Assets under Management (AUM) of Jio Credit Limited stood at Rs 25,711 crore as of March 31, 2026, over 2.5x growth compared to FY25.
  • Jio Payment Solutions Limited’s Total Payment Value (TPV) at Rs 52,226 crore, up ~2.4x YoY.
  • Jio Payments Bank Limited’s deposit base reached Rs 544 crore, 84% growth YoY.
  • JioBlackRock AMC’s AUM stood at over Rs 15,200 crore at the end of FY26, within just 9 months of launch.
  • Jio Insurance Broking Limited's total premium reached Rs 982 crore for FY26, up ~10% YoY.
  • Consolidated Pre-Provision Operating Profit (PPOP) at Rs 1,357 crore; Profit After Tax at Rs 1,561 crore.

Hitesh Sethia, Managing Director and CEO, Jio Financial Services, said: “FY26 has been a landmark year of growth, guided by our objective of simplifying the complex financial lives of millions of Indians through intelligent financial services, leveraging AI and ML. Our robust operational velocity bears testament to the resonance our offerings are finding across the nation, with our reach now spanning over 19,000 pincodes. As we enter FY27, we look forward to building further on this formidable foundation. We remain committed to growing sustainably and responsibly, ensuring we continue to deliver long-term value to our shareholders, while serving as a trusted partner in India’s economic journey."

Result PDF

HDFC Life Insurance Company announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Net Premium Income: Rs 25,998.42 crore against Rs 23,842.99 crore during Q4FY25, change 9%.
  • PBT: Rs 489.7 crore against Rs 485.94 crore during Q4FY25, change 1%.
  • PAT: Rs 497.49 crore against Rs 475.36 crore during Q4FY25, change 5%.

FY26 Financial Highlights:

  • New Business in terms of Annualized Premium Equivalent (APE) grew 8% YoY, translating into a healthy two-year CAGR of 12%.
  • Overall industry market share at 11.0%.
  • Value of New Business (VNB) for FY26 stood at Rs 4,034 crore, with margins of 24.2%; Excluding GST and surrender regulation impact, VNB grew broadly in line with APE; New business margins for FY26, excluding impact of GST and Surrender regulations would have been flat at 25.5%.
  • Retail protection registered robust growth of 46% during Q4FY26, translating to 43% growth for the period FY26; Retail protection mix expanded by nearly 200 basis points YoY to 7.2% in FY26, and including riders, protection now contributes nearly 10% of our retail business.
  • Retail sum assured grew by 28% YoY, and we maintained our leadership position on overall sum assured, reinforcing the quality of our business mix.
  • Assets under Management (AUM) including that of our wholly owned subsidiary HDFC Pension Fund Management stood at Rs 5.3 trillion.
  • Persistency ratios were stable, with 13-month and 61-month persistency at 85% and 64% respectively. These trends reflect the underlying product and tier mix. Renewal collections grew 15% YoY.
  • Embedded Value (EV) stood at Rs 62,139 crore, with an operating RoEV of 15.0% ; Normalised operating RoEV, excluding impact of GST, labour code and surrender regulations stood at 15.4%.
  • Profit after tax grew by 6% to Rs 1,910 crore, for the period 12MFY26. Excluding one-time labour code and GST impact, underlying PAT growth for the year stood at 16%.
  • Solvency Ratio was at 177%; We have taken Board approval to raise up to Rs 1,000 crore by way of a preferential issue to our parent, HDFC Bank to augment our solvency position.

Vibha Padalkar, Managing Director & CEO, HDFC Life, said: “During FY26, we continued to maintain our position among the top three private insurers by individual WRP. Our private sector market share stood at 15.2% for 11MFY26. We outperformed the broader industry in 2 key focus areas: The first one being retail protection which grew 43%, and the second one being agency channel which also grew ahead of industry.

Retail sum assured growth for 11MFY26 was higher than the industry, reinforcing the quality of our business mix. Retail Protection was a clear highlight during the year, with growth of 43%, supported by lower pricing post GST and a strengthened product portfolio. Annuities were another area of meaningful progress. Looking ahead, we expect a gradual shift in the product mix as customers rebalance toward long-term savings and protection in an environment of greater uncertainty.

The ongoing build-up of the agency channel was another strong story of the year. Agency grew ahead of the company by 500 bps, maintaining a strong protection mix. We believe our focus on continued investments in distribution, product competitiveness, partner engagement positions and pricing discipline us well to deliver more sustainable and profitable growth as the environment normalises.”

Result PDF

HDFC Asset Management Company announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • The Operating Profit for Q4FY26 was Rs 8,227 million as compared to Rs 7,115 million for Q4FY25.
  • Profit before tax for Q4FY26 was Rs 8,339 million as compared to Rs 8,352 million for Q4FY25.
  • Profit after tax for Q4FY26 was Rs 6,232 million as compared to Rs 6,386 million for Q4FY25.

FY26 Financial Highlights:

  • The Operating Profit of the company for the financial year ended March 31, 2026 was Rs 32,114 million as compared to Rs 27,261 million for the financial year ended March 31, 2025.
  • Profit before tax for the financial year ended March 31, 2026 was Rs 37,101 million as compared to Rs 32,863 million for the financial year ended March 31, 2025.
  • Profit after tax for the financial year ended March 31, 2026 was Rs 28,592 million as compared to Rs 24,609 million for the financial year ended March 31, 2025.

Business Highlights:

  • QAAUM of Rs 9,275 billion for Q4FY26 compared to Rs 7,740 billion for Q4FY25, 11.4% market share in QAAUM of the mutual fund industry.
  • QAAUM in actively managed equity-oriented funds i.e. equity oriented QAAUM excluding index funds stood at Rs 5,657 billion for Q4FY26 with a market share of 13.0%. The AMC is amongst the largest actively managed equity-oriented mutual fund managers in the country.
  • The ratio of equity and non-equity oriented QAAUM is 65:35, compared to the industry ratio of 56:44 for Q4FY26.
  • 16.5 million Systematic transactions with a value of Rs 48.8 billion processed during the month of March 2026.
  • Over 1,09,000 empaneled distribution partners across MFDs, National Distributors and Banks, serviced through a total of 280 offices of which 196 are in B-30 locations. The contribution of B-30 locations to our total monthly average AUM for March 2026 is 19.2%.
  • 68% of the company’s total monthly average AUM for March 2026 is contributed by individual investors compared to 60% for the industry.
  • Total Live Accounts stood at 30.2 million as on March 31, 2026. Unique customers as identified by PAN or PEKRN now stands at 16.7 million as on March 31, 2026 compared to 61.4 million for the industry, a penetration of 27%.

Result PDF

Capital Markets company Angel One announced Q4FY26 results

  • Consolidated Total Gross Revenues: Rs 14,672 million in Q4FY26 vs Rs 13,377 million in Q3FY26, a growth of 9.7% on QoQ basis.
  • Consolidated EBDAT:
    • Reported EBDAT of Rs 4,728 million in Q4FY26 vs Rs 4,050 million in Q3FY26, a growth of 16.7% on QoQ basis.
    • Reported EBDAT Margin (as % of Total Net Income) stood at 41.7% in Q4FY26 vs 39.4% in Q3FY26.
    • EBDAT (Broking & Distribution (MF Credit) Businesses) at Rs 4,996 million in Q4FY26 vs Rs 4,336 million in Q3FY26, a growth of 15.2% QoQ.
    • EBDAT Margin (Broking & Distribution (MF Credit) Businesses) stood at 44.6% in Q4FY26 vs 43.0% in Q3FY26.
  • Consolidated Profit After Tax:
    • Reported PAT of Rs 3,202 million in Q4FY26 vs Rs 2,687 million in Q3FY26, a growth of 19.2% on QoQ basis.
    • Reported PAT (Broking & Distribution (MF Credit) Businesses) at Rs 3,514 million in Q4FY26 vs Rs 3,010 million in Q3FY26, a growth of 16.7% QoQ
  • Broking: Average Client Funding Book remained stable at Rs 58.5 bn in Q4FY26
  • Non-Broking:
    • Unique SIPs registered in Q4FY26: 2.1 million.
    • Credit disbursal in Q4FY26 came in at Rs 6.1 bn, a de-growth of 14.7% QoQ
  • Wealth Management:
    • AUM stood at Rs 100.8 billion as of March 2026, up 22.7% QoQ.
    • The client base expanded to over 1,900 clients
  • Asset Management:
    • Launched 2 new schemes in Q4FY26, taking the total number of schemes to 11.
    • AUM stood at Rs 3.6 billion as of March 2026.

Dinesh Thakkar, Chairman & Managing Director, said: “India’s financial participation continues to deepen, driven by rising financial awareness, a young population entering formal markets at scale and strong adoption of digital platforms. Angel One is proactively aligning to this shift through disciplined execution, strengthening its core business while scaling new growth engines. Business performance for the quarter reflected an improvement in client activity, average daily orders and operating margins returning to our guided range, reinforcing our confidence in the structural drivers of the core business.

Early progress across new businesses is helping us to expand our ecosystem, deepening client relationships and support our long-term platform strategy. Our ambition is to build a unified, technology-led financial platform that supports the entire lifecycle of our clients — from investing to wealth creation and access to credit solutions. Looking ahead, we are well positioned to participate at scale in the next phase of growth in India’s financial services market, driven by both increasing participation and deeper engagement.”

Ambarish Kenghe, Group CEO, said: “Q4FY26 marked a very strong overall performance with our gross revenues growing by ~39% YoY, EBDAT margin expanding to ~42% and Profit after Tax increasing by 83% YoY to Rs 3.2 billion, driven by normalisation of client activity. Average daily orders scaled from a low of 5.0 million in February ’25 to 7.4 million in March ’26, thus taking the aggregate order count to 431 million for the quarter, marking a six-quarter high, reflecting resilient performance despite a softer macro environment.

FY26 was a defining year for us as we focused on adopting AI to build efficiencies, both for the client and the organisation. During the quarter we elevated Ask Angel into a conversational AI-driven assistant, helping clients resolve queries, explore IPOs and access stock insights. AI is increasingly shaping how we build, with ~25% of the total committed code being AI generated today, reducing development timelines, hence improving time to market.

AI is now embedded across multiple efficiency led initiatives, including grievance email and ticket automation, real time e-signature validation, internal data analyst agent and onboarding KYC face match, etc. enhancing overall client experience on the platform.

Our emerging businesses continues to grow with discipline. Credit, Mutual Funds, Wealth and Asset Management—are scaling steadily, supported by increasing adoption from clients. Wealth management, in particular, continues to show strong momentum with AUM reaching ~Rs 101 billion, a 23% QoQ growth. Here too, AI is playing an important role, 80% of Ionic Wealth’s codebase is AI-generated, accelerating development and enabling faster innovation.

Our focus remains on disciplined execution, technology leadership and earning client trust. Our foundations are strong, our capabilities are compounding and we remain well positioned to create long term sustainable value.”

Result PDF

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Published on 27-Apr-2026 09:15

Hindustan Zinc Q4: PAT Soars 68% to ₹5,033 Cr, Declares ₹11 Dividend as Revenue Jumps 49% YoY

Hindustan Zinc reported a healthy performance in Q4FY26. Total operating income for the quarter came in at ₹13,544 crore (up 49% YoY)

Published on 27-Apr-2026 09:14

Dr. Reddy’s Awaits Final Canada Approval for Semaglutide Injection Despite DIN Receipt

Dr. Reddy’s has not yet secured approval for its Semaglutide Injection in Canada. 

Published on 27-Apr-2026 09:13

BDL Delivers India’s 1st Indigenous Production-Grade Wire Guided Heavy Weight Torpedo to NSTL

BDL has delivered India’s first indigenous production-grade Wire Guided Heavy Weight Torpedo (WGHWT) to DRDO’s Naval Science & Technological Laboratory (NSTL). 

Published on 27-Apr-2026 09:12

Brigade & Bain Capital JV to Develop 2M sqft Mixed-Use Project in Whitefield, Bengaluru

Brigade Enterprises Ltd (BEL) has entered into a 50:50 JV with  an investor (an AIF fund managed by Bain Capital Advisors) to develop a ~11 acre land parcel in Whitefield Bengaluru. 

Published on 27-Apr-2026 09:11

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