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Nifty Transportation & Logistics Results: Latest Quarterly Results & Analysis

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Bharat Forge Ltd. 07 May 2026 13:27 PM
Result PDF

Q4FY26 & FY26 Result Announced for Bharat Forge Ltd.

Castings & Forgings company Bharat Forge announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Consolidated Revenue from Operations for Q4FY26 was Rs 45,280.41 million, reflecting a growth of 4.26% QoQ from Rs 43,429.34 million in Q3FY26 and a YoY increase of 17.53% compared to Rs 38,526.04 million in Q4FY25.
  • Consolidated Total Income for the quarter ended March 31, 2026, stood at Rs 45,810.11 million, up 4.46% QoQ from Rs 43,854.13 million and up 17.02% YoY from Rs 39,147.08 million.
  • The company reported a Consolidated Net Profit of Rs 2,334.48 million for Q4FY26, a decline of 14.43% QoQ from Rs 2,728.02 million and a decrease of 17.40% YoY from Rs 2,826.24 million in Q4FY25.
  • For FY26, Consolidated Revenue from Operations reached Rs 1,68,116.53 million, representing a YoY growth of 11.17% compared to Rs 1,51,228.03 million in FY25.
  • Consolidated Total Income for FY26 was Rs 1,70,103.36 million, an increase of 10.91% over the Rs 1,53,365.67 million reported in FY25.
  • Consolidated Net Profit for FY26 stood at Rs 10,893.98 million, marking a YoY increase of 19.28% from Rs 9,132.75 million in FY25.
  • Consolidated Earnings Per Share (EPS) for FY26 was Rs 22.58, compared to Rs 20.05 in FY25.

Standalone Financial Highlights:

  • Standalone Revenue from Operations for Q4FY26 was Rs 22,604.49 million, representing an 8.48% QoQ increase from Rs 20,836.60 million and a 4.50% YoY increase from Rs 21,630.29 million.
  • Standalone Total Income for the quarter stood at Rs 22,889.33 million, showing a QoQ growth of 8.43% from Rs 21,109.76 million and a YoY growth of 3.52% from Rs 22,111.05 million.
  • The company reported a Standalone Net Loss of Rs 1,177.57 million for Q4FY26, compared to a profit of Rs 2,880.41 million in Q3FY26 and a profit of Rs 3,456.25 million in Q4FY25.
  • For FY26, Standalone Revenue from Operations reached Rs 83,956.78 million, a decrease of 5.07% YoY from Rs 88,437.30 million in FY25.
  • Standalone Total Income for FY26 was Rs 85,401.35 million, compared to Rs 90,025.83 million in FY25.
  • Standalone Net Profit for FY26 stood at Rs 8,187.41 million, reflecting a YoY decline of 38.08% from Rs 13,222.51 million in FY25.
  • Standalone Earnings Per Share (EPS) for FY26 was Rs 17.12, compared to Rs 28.16 in the previous year.

Business Highlights

  • Segment Performance:
    • Forgings: This segment recorded a revenue of Rs 1,39,285.82 million in FY26, growing by 7.46% YoY compared to Rs 1,29,612.33 million in FY25.
    • Defence: Revenue from the Defence segment stood at Rs 17,571.72 million for FY26, as against Rs 17,719.86 million in FY25.
  • Others: This segment saw a substantial growth of 127.92% YoY, with revenue reaching Rs 21,698.12 million in FY26 compared to Rs 9,519.96 million in FY25.
  • Dividend: The Board of Directors recommended a final dividend of Rs 6.50 per equity share of face value Rs 2 each (325%) for FY26. Total dividend for the year, including two interim dividends of Rs 3 each, amounts to Rs 235 (2350%) per share of Rs 10 each.
  • Exceptional Items: Standalone results for FY26 were impacted by an exceptional loss of Rs 5,495.85 million, primarily due to an impairment provision of Rs 4,996.50 million regarding the investment in subsidiary Kalyani Powertrain Limited (KPTL). KPTL is engaged in the electric mobility business, which has faced a weak business scenario globally.
  • Strategic Restructuring: The company evaluated a proposal for the phased restructuring of its German subsidiary, Bharat Forge CDP GmbH (BF CDP), due to market challenges and cost disadvantages, recording incidental restructuring expenses of Rs 425.64 million in standalone results.
  • Acquisition: The company acquired AAM India Manufacturing Corporation Private Limited (subsequently renamed K Drive Mobility Solutions Private Limited) on July 1, 2025, for a consideration of Rs 7,474.16 million.
  • Labour Code Impact: The Group evaluated the impact of the new Labour Codes and accounted for an increase in gratuity and leave liability aggregating to Rs 487.26 million in standalone results and Rs 557.15 million in consolidated results for FY26.

Result PDF

Result PDF

Auto Tyres & Rubber Products company MRF announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations: For Q4FY26, the consolidated revenue from operations stood at Rs 8,044.22 crore, representing a YoY increase of 13.70% compared to Rs 7,074.82 crore in Q4FY25, and a marginal QoQ decrease of 0.08% from Rs 8,050.43 crore in Q3FY26.
  • Total Income: Total income for Q4FY26, was Rs 8,183.28 crore, reflecting a YoY growth of 13.81% from Rs 7,190.16 crore and a QoQ increase of 0.08% from Rs 8,177.13 crore.
  • Net Profit: The company reported a consolidated net profit of Rs 702.25 crore for Q4FY26, which is a YoY growth of 37.56% from Rs 510.50 crore and a QoQ growth of 1.10% from Rs 694.60 crore in Q3FY26.
  • Annual Performance: For FY26, consolidated revenue from operations reached Rs 31,149.01 crore, an increase of 10.64% over FY25's Rs 28,153.00 crore. The annual consolidated net profit for FY26 stood at Rs 2,426.10 crore, up 29.51% YoY from Rs 1,873.29 crore.

Standalone Financial Highlights:

  • Revenue from Operations: Standalone revenue for Q4FY26 was Rs 7,908.43 crore, showing a YoY growth of 13.89% from Rs 6,943.84 crore in Q4FY25 and a slight QoQ decrease of 0.32% from Rs 7,933.69 crore in Q3FY26.
  • Total Income: Total income for the quarter stood at Rs 8,041.34 crore, up 13.98% YoY from Rs 7,055.30 crore and down 0.19% QoQ from Rs 8,056.76 crore.
  • Net Profit: The standalone net profit for Q4FY26 reached Rs 680.44 crore, registering a YoY increase of 36.68% compared to Rs 497.85 crore and a QoQ growth of 0.19% from Rs 679.14 crore.
  • Annual Performance: For FY26, standalone revenue from operations was Rs 30,652.08 crore, reflecting a growth of 10.80% YoY compared to Rs 27,665.22 crore in FY25. The annual standalone net profit grew by 29.24% YoY to Rs 2,355.40 crore from Rs 1,822.55 crore.

Business Highlights

  • Segment Performance: The company is primarily engaged in the manufacture of rubber products including Tyres, Tubes, Flaps, and Tread Rubber. This is considered a single primary segment, and therefore, secondary segment disclosures for business or geographical segments are not applicable.
  • Dividends: The Board of Directors recommended a final dividend of Rs 229 (2290%) per share of Rs 10 each. When combined with the two interim dividends of Rs 3 (30%) each already paid, the total dividend for the financial year FY26 amounts to Rs 235 (2350%) per share of Rs 10 each.
  • Labour Code Liability: Following the introduction of New Labour Codes, the company re-assessed its liability on Past Service Cost at Rs 61.99 crore as of March 31, 2026, compared to the provisional estimate of Rs 77.20 crore as of December 31, 2025.
  • Debenture Redemption: During the quarter, the company successfully redeemed in full 15,000 listed, unsecured, rated, redeemable, taxable, Non-Convertible debentures, totaling Rs 150 crore.
  • Management Changes: Mr. Thulsidass T V was appointed as Vice President, General Counsel, and Company Secretary effective May 7, 2026, following the resignation of Mr. S Dhanvanth Kumar due to health reasons.

Result PDF

2/3 Wheelers company Bajaj Auto announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights:

  • Revenue from Operations stood at Rs 17,832.46 crore, marking a YoY growth of 41.01% from Rs 12,646.32 crore in Q4FY25 and a QoQ growth of 10.05% from Rs 16,204.45 crore in Q3FY26.
  • Total Income for the quarter was Rs 18,493.86 crore, representing a YoY increase of 41.84% from Rs 13,038.55 crore and a QoQ increase of 11.14% from Rs 16,640.49 crore.
  • Profit After Tax (PAT) was Rs 3,492.21 crore, reflecting a YoY growth of 93.81% from Rs 1,801.85 crore and a QoQ growth of 27.00% from Rs 2,749.82 crore.
  • Total Comprehensive Income for the quarter reached Rs 1,868.12 crore, compared to Rs 2,131.13 crore in Q4FY25 and Rs 2,556.31 crore in Q3FY26.

FY26 Consolidated Financial Highlights:

  • Revenue from Operations for the full year FY26 was Rs 62,905.00 crore, showing a YoY growth of 23.35% from Rs 50,994.55 crore in FY25.
  • Total Income for FY26 reached Rs 65,087.22 crore, up 24.05% from Rs 52,468.96 crore in FY25.
  • Profit After Tax (PAT) for the full year stood at Rs 10,574.50 crore, marking a 44.37% increase from Rs 7,324.73 crore in the previous year.
  • Basic Earnings Per Share (EPS) for FY26 reached Rs 385.0 compared to Rs 262.4 in FY25.

Q4FY26 Standalone Financial Highlights:

  • Revenue from Operations was Rs 16,005.65 crore, a YoY increase of 31.76% from Rs 12,147.97 crore and a QoQ increase of 5.16% from Rs 15,220.33 crore.
  • EBITDA reached a record Rs 3,323 crore, growing 36% YoY from Rs 2,451 crore in Q4FY25 and up 5% QoQ from Rs 3,161 crore.
  • Profit After Tax (PAT) reached a record high of Rs 2,746.13 crore, up 34.02% YoY from Rs 2,049.31 crore and 9.72% QoQ from Rs 2,502.81 crore.

FY26 Standalone Financial Highlights:

  • Revenue from Operations clocked an all-time high of Rs 58,732.48 crore, registering a robust 17.44% YoY growth compared to Rs 50,010.31 crore in FY25.
  • EBITDA reached a new peak of Rs 12,019 crore, a YoY growth of 18.99% from Rs 10,101 crore.
  • Profit After Tax (PAT) stood at its biggest annual print of Rs 9,824.66 crore, a 20.53% increase YoY from Rs 8,151.42 crore.

Business Highlights

  • Segment-wise Performance:
    • Automotive: Revenue reached Rs 60,530.43 crore in FY26 compared to Rs 49,982.13 crore in FY25.
    • Investments: Revenue was Rs 1,309.18 crore in FY26 compared to Rs 1,445.98 crore in FY25.
    • Financing: Revenue grew significantly to Rs 3,247.61 crore in FY26 from Rs 1,040.85 crore in FY25.
  • Sales Volume Performance:
    • Total annual volume hit a record >5 million units ( 10% YoY).
    • Commercial Vehicle (CV) volumes crossed an unprecedented >5 lakh mark.
    • Exports for the year exceeded 2 million units, with quarterly revenues growing >30% YoY in Q4FY26.
  • Key Portfolio Performance:
    • Chetak (EV): Reported a new high with revenues >Rs 4,000 crore and retail volumes surpassing the 1 lakh milestone in Q4FY26.
    • KTM-Triumph: Global revenue for this duo hit ~Rs 5,000 crore, delivering its best-ever performance ( 40% YoY).
    • Domestic Motorcycles: Revenues in Q4FY26 grew by ~30% YoY, led by the Pulsar N/NS series.
  • Strategic Investments and Capital Actions:
    • The Board recommended a final dividend of Rs 150 per share (1500% of face value).
    • Approved a buy-back of up to 4,694,000 equity shares at a price of Rs 12,000 per share for an aggregate amount of up to Rs 5,633 crore.
    • Effective November 18, 2025, the Group acquired a controlling interest in Bajaj Auto International Holdings AG (BAIHAG), becoming the parent of Bajaj Mobility AG (BMAG) and KTM AG.
  • Liquidity: The company maintained a robust Balance Sheet with surplus funds of >Rs 18,000 crore and recorded a free cash flow accretion of >Rs 8,000 crore during the year.

Result PDF

2/3 Wheelers company Hero MotoCorp announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Volume – 17.14 lakh units of motorcycles and scooters sold in Q4FY26 - a growth of 24% over Q4FY25.
  • Revenue from Operations - Rs 12,797 crore (vs Rs 9,939 crore) - a growth of 29% over Q4FY25.
  • EBITDA for Q4FY26 stands at Rs 1,856 crore (vs Rs 1,416 crore) - a growth of 31%.
  • Profit before tax (PBT) at Rs 1,855 crore, growth of 29%.
  • Net Profit After Tax (PAT) – Rs 1,401 crore, growth of 30%.

FY26 Financial Highlights:

  • Volume – 64.69 lakh units of motorcycles and scooters sold in FY26 - a growth of 10% over the previous year.
  • Revenue from Operations – Rs 46,830 crore (vs Rs 40,756 crore), reflecting a growth of 15%, over the previous fiscal.
  • EBITDA for FY26 stands at Rs 6,871 crore (vs Rs 5,868 crore), - a growth of 17%.
  • Profit before tax (PBT) before exceptional item at Rs 7,091 crore, growth of 16%.
  • Net Profit After Tax (PAT) – Rs 5,268 crore (growth of 14%).

Business Highlights:

  • The year's performance was anchored by consistent gains in the core ICE business, with Hero MotoCorp expanding its market share across key segments. Growth was broad-based across 100cc - 125cc, scooters and premium motorcycle segments, powered by a series of well-received product refreshes and the Company's highest-ever festive season.
  • VIDA, Hero MotoCorp’s Emerging Mobility Business, delivered a landmark year, reporting the highest retail sales with record year-on-year growth of 190%. The VIDA VX2 series successfully broadened the brand's reach into the mass market, while the launch of DIRT.E K3 marked a significant milestone in VIDA's purpose of reimagining the ‘Future of Mobility’ for a new generation.
  • The Company's Global Business closed FY'26 at an all-time high, with 40% year-on-year growth, driven by consistent performance across key international markets. Hero MotoCorp expanded its global footprint to 52 countries with new market entries in Europe and the United Kingdom (UK), reinforcing its position as a truly global mobility brand.
  • The Harley-Davidson Business also delivered 26% year-on-year growth in its dispatch volume. This strong performance was driven by the successful launch of H-D X440 T, brand campaigns, and network expansion from over 100 touchpoints in FY’25 to 150 touchpoints in FY26, enhancing accessibility and customer experience across key markets in India.

Harshavaradhan Chitale, Chief Executive Officer, Hero MotoCorp, said: “FY26 marks a defining chapter for Hero MotoCorp. Our record performance reflects not only our sustained leadership as the world’s largest manufacturer of motorcycles and scooters for 25 consecutive years, but also our commitment to defining the future of mobility. This growth was broad-based, driven by a strong premium and EV product portfolio and momentum across both, domestic and global markets. As we look ahead, we are encouraged by the supportive government policies, positive consumer loyalty and sentiment, and the accelerating shift towards electrification and premiumisation. These factors position us well for FY27, as we continue to lead the industry’s transition towards sustainable and innovative mobility solutions.”

Result PDF

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

Standalone Financial Highlights:

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

Consolidated Financial Highlights:

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

Business Highlights

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

Result PDF

Auto Parts & Equipment company Exide Industries announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue: Rs 4,551 crore against Rs 4,159 crore during Q4FY25, change 9%.
  • EBITDA: Rs 530 crore against Rs 467 crore during Q4FY25, change 13%.
  • PBT: Rs 420 crore against Rs 343 crore during Q4FY25, change 22%.
  • PAT: Rs 312 crore against Rs 255 crore during Q4FY25, change 22%.
  • EPS: Rs 3.68 for Q4FY26.

FY26 Financial Highlights:

  • Revenue: Rs 17,269 crore against Rs 16,588 crore during FY25, change 4%.
  • EBITDA: Rs 1,943 crore against Rs 1,893 crore during FY25, change 3%.
  • PBT: Rs 1,491 crore against Rs 1,441 crore during FY25, change 3%.
  • PAT: Rs 1,111 crore against Rs 1,077 crore during FY25, change 3%.
  • EPS: Rs 13.07 for FY26.

Avik Roy, MD & CEO, said: 'Q4FY26 built on the gains observed in Q3 - GST rationalization continued to boost end-customer demand across the automotive sector, supported by strong replacement market and energy storage demand.

Macroeconomic conditions in India remained favourable with low inflation, lower Repo rates and positive rural and urban sentiment. However, the West Asia conflict created challenges on two fronts: firstly, the rate escalation and timely availability of LPG, Plastics and Sulphuric Acid; se·condly, freight cost escalation due to closure of multiple shipping routes and unavailability of containers. Sustained depreciation of Rupee vs. USO put further pressure on our input costs.

In this environment, the Company's priority has been on managing profitable growth and focusing on preserving cash. The Company continues to deliver stable performance along with maintaining strong balance sheet and positive cash flow generation, thereby establishing the strength of our brand, trade network and OEM relationships.

During the quarter, the Company achieved 25% growth in the auto OEM business. Inverters and Solar businesses showed robust growth (mid-to-high teens), while auto replacement and infrastructure businesses (excluding te/ecom) also showed double-digit growth. International business was impacted amid geo-political conflicts. We expect the auto replacement, inverters and auto OEM businesses to continue their strong growth momentum into Ql of current financial year.

The Company continues to focus on better sales mix, innovative products and achieving cost efficiencies in its manufacturing facilities. Various investments in improving the Lead Acid Battery manufacturing technologies have started showing results. The Company is planning investments in process automation to further drive operational efficiency and improve quality.

In the lithium-ion cell manufacturing project, installation and commissioning work is progressing in full swing. Customer sample deliveries to begin shortly for the cylindrical cells, and production trials to be initiated for the prismatic cells.'

Result PDF

Aerospace & Defence company Mazagon Dock Shipbuilders announced Q4FY26 & FY26 results

Standalone Financial Highlights

  • For Q4FY26, Revenue from Operations stood at Rs 3,684 crore, representing a QoQ growth of 2.31% compared to Rs 3,601 crore in Q3FY26 and a YoY increase of 16.07% from Rs 3,174 crore in Q4FY25.
  • Total Income for Q4FY26 was Rs 3,965 crore, up 2.64% QoQ from Rs 3,863 crore and 13.35% YoY from Rs 3,498 crore in Q4FY25.
  • Profit After Tax (PAT) for Q4FY26, was Rs 464 crore, reflecting a QoQ decrease of 44.56% from Rs 837 crore in Q3FY26, but a YoY growth of 41.90% compared to Rs 327 crore in Q4FY25.
  • EBITDA for Q4FY26 was reported at Rs 657 crore, compared to Rs 1,149 crore in Q3FY26 and Rs 443 crore in Q4FY25.
  • Profit Before Tax (PBT) for Q4FY26 stood at Rs 625 crore, compared to Rs 1,120 crore in Q3FY26 and Rs 406 crore in Q4FY25.
  • For the full year FY26, Revenue from Operations reached Rs 12,840 crore, marking a 12.32% increase over Rs 11,432 crore in FY25.
  • Annual Total Income for FY26 grew to Rs 13,982 crore from Rs 12,591 crore in the previous year.
  • The annual Profit After Tax (PAT) for FY26 was Rs 2,436 crore, a growth of 4.77% compared to Rs 2,325 crore in FY25.
  • The company reported an EBITDA of Rs 3,402 crore for FY26 compared to Rs 3,248 crore in FY25, with an operating margin of 16%.
  • Standalone Net Worth as of March 31, 2026, stood at Rs 8,843 crore.

Consolidated Financial Highlights

  • Consolidated Revenue from Operations for Q4FY26 was Rs 3,850 crore, an increase of 6.91% QoQ from Rs 3,601 crore and 21.30% YoY from Rs 3,174 crore in Q4FY25.
  • Total Consolidated Income for the quarter was Rs 4,134 crore, up 7.02% QoQ from Rs 3,863 crore and 19.45% YoY from Rs 3,461 crore in Q4FY25.
  • Consolidated Profit After Tax (PAT) for Q4FY26 stood at Rs 674 crore, a QoQ decline of 23.41% from Rs 880 crore in Q3FY26, but a significant YoY growth of 107.38% compared to Rs 325 crore in Q4FY25.
  • For the full year FY26, Consolidated Revenue from Operations was Rs 13,006 crore, up 13.77% from Rs 11,432 crore in FY25.
  • Annual Consolidated Total Income for FY26 reached Rs 14,146 crore, compared to Rs 12,543 crore in FY25.
  • Consolidated PAT for FY26 was Rs 2,578 crore, reflecting a 6.79% increase over Rs 2,414 crore in the previous year.
  • Consolidated Net Worth as of March 31, 2026, was reported at Rs 9,984 crore.

Business Highlights

  • The company's total Order Book as of March 31, 2026, stood at Rs 20,535 crore.
  • Segment-wise Order Book Performance:
    • Shipbuilding: The segment holds a balance of Rs 12,892 crore. Key projects include P17A Stealth Frigates (Rs 8,257 crore balance), ICGS vessels (Rs 2,690 crore balance), and P15B Destroyers (Rs 863 crore balance).
    • Submarine and Heavy Engineering: The segment holds a balance of Rs 7,643 crore. This includes ONGC projects (Rs 3,320 crore balance), P75 Kalvari Submarines (Rs 1,722 crore balance), and AIP projects (Rs 1,687 crore balance).
  • Acquisition: Mazagon Dock Shipbuilders Limited secured a 51% controlling stake in Colombo Dockyard PLC (CDPLC) for approximately Rs 236.95 crore, bringing Sri Lanka's largest shipyard under its operational control.
  • Project Milestones:
    • INS Taragiri, the third Stealth Frigate of P17A, was commissioned on April 3, 2026.
    • Udaygiri, the second ship under Project 17A, was commissioned on August 26, 2025.
    • Delivery of the third Stealth Frigate of P17A Class ‘TARAGIRI’ to the Indian Navy occurred on November 28, 2025.
  • Infrastructure: The company maintains a capacity for building 11 Submarines and 10 Warships concurrently.
  • Contracts: Signed a contract with The Shipping Corporation of India Limited on March 18, 2026, for the construction and delivery of one 3,000 DWT Methanol Dual Fuel Diesel Electric Platform Supply Vessel.

Result PDF

Auto Parts & Equipment company Sona BLW Precision Forgings announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue of Rs 1,272 crore with 47% YoY growth.
  • Revenue share from BEV at all time high at 39% in Q4, BEV revenue grew by 22% YoY.
  • EBITDA of Rs 311 crore with a margin of 24.4% and 32% YoY growth.
  • PAT of Rs 192 crore with a net profit margin of 14.7% and 17% YoY growth.

FY26 Financial Highlights:

  • Revenue of Rs 4,475 crore with 26% YoY growth.
  • EBITDA of Rs 1,107 crore with an EBITDA margin of 24.7%.
  • Adjusted PAT of Rs 670 crore with a net profit margin of 14.7% and 11% YoY growth.

Vivek Vikram Singh, MD & Group CEO, said: “Q4FY26 was our strongest quarter financially and an important step forward in our strategic and technology roadmap, with new customers added in Europe and two new railway products commercialized. We delivered our best-ever quarter, with the highest revenue, EBITDA, PAT, BEV revenue and BEV revenue share. Revenue grew by 47% YoY, primarily driven by growth in EV traction and suspension motors, differential gears, differential assemblies along with consolidation of railway business. BEV revenue grew 22% YoY, and BEV revenue share reached an all-time high of 39%. During the quarter, we won four driveline orders which includes three EV programs and one hybrid program. For the first time, we won three orders from European OEMs, and this is our first EV program win from Europe in almost four years. The hybrid program wins reinforce our view that hybrids are an opportunity for us, not a risk. In Railways, we have commercialized two new products - Electric control panels and HVAC systemsfurther expanding our offerings in this business.”

Result PDF

Internet & Catalogue Retail company Eternal announced Q4FY26 & FY26 results

Q4FY26 Standalone Financial Highlights:

  • Revenue from Operations: Rs 2,953 crore in Q4FY26, compared to Rs 2,883 crore in Q3FY25 (up 2.43% QoQ) and Rs 2,192 crore in Q4FY25 (up 34.72% YoY).
  • Total Income: Rs 3,490 crore in Q4FY26, compared to Rs 3,308 crore in Q3FY25 (up 5.50% QoQ) and Rs 2,593 crore in Q4FY25 (up 34.59% YoY).
  • Profit for the Period (Net Profit): Rs 705 crore in Q4FY26, compared to Rs 657 crore in Q3FY25 (up 7.31% QoQ) and Rs 575 crore in Q4FY25 (up 22.61% YoY).
  • Total Comprehensive Income: Rs 373 crore in Q4FY26, compared to Rs 421 crore in Q3FY25 (down 11.40% QoQ) and Rs 615 crore in Q4FY25 (down 39.35% YoY).
  • Earnings Per Share (EPS) - Basic: Rs 0.77 in Q4FY26, compared to Rs 0.72 in Q3FY25 (up 6.94% QoQ) and Rs 0.63 in Q4FY25 (up 22.22% YoY).

Q4FY26 Consolidated Financial Highlights:

  • Revenue from Operations: Rs 17,292 crore in Q4FY26, compared to Rs 16,315 crore in Q3FY25 (up 5.99% QoQ) and Rs 5,833 crore in Q4FY25 (up 196.45% YoY).
  • Total Income: Rs 17,634 crore in Q4FY26, compared to Rs 16,663 crore in Q3FY25 (up 5.83% QoQ) and Rs 6,201 crore in Q4FY25 (up 184.37% YoY).
  • Profit for the Period (Net Profit): Rs 174 crore in Q4FY26, compared to Rs 102 crore in Q3FY25 (up 70.59% QoQ) and Rs 39 crore in Q4FY25 (up 346.15% YoY).
  • Total Comprehensive Income / (Loss): A loss of Rs 154 crore in Q4FY26, compared to a loss of Rs 130 crore in Q3FY25 (loss increased 18.46% QoQ) and a profit of Rs 78 crore in Q4FY25.
  • Earnings Per Share (EPS) - Basic: Rs 0.19 in Q4FY26, compared to Rs 0.11 in Q3FY25 (up 72.73% QoQ) and Rs 0.04 in Q4FY25 (up 375.00% YoY).

FY26 Standalone Financial Highlights:

  • Revenue from Operations: Rs 10,899 crore in FY26, compared to Rs 8,617 crore in FY25 (up 26.48% YoY).
  • Total Income: Rs 12,702 crore in FY26, compared to Rs 9,877 crore in FY25 (up 28.60% YoY).
  • Profit for the Year (Net Profit): Rs 2,655 crore in FY26, compared to Rs 1,960 crore in FY25 (up 35.46% YoY).
  • Net Cash generated from Operating Activities: Rs 340 crore in FY26, compared to Rs 1,614 crore in FY25 (down 78.93% YoY).
  • Earnings Per Share (EPS) - Basic: Rs 2.91 in FY26, compared to Rs 2.22 in FY25 (up 31.08% YoY).

FY26 Consolidated Financial Highlights:

  • Revenue from Operations: Rs 54,364 crore in FY26, compared to Rs 20,243 crore in FY25 (up 168.55% YoY).
  • Total Income: Rs 55,760 crore in FY26, compared to Rs 21,320 crore in FY25 (up 161.54% YoY).
  • Profit for the Year (Net Profit): Rs 366 crore in FY26, compared to Rs 527 crore in FY25 (down 30.55% YoY).
  • Total Comprehensive Income / (Loss): A loss of Rs 166 crore in FY26, compared to a profit of Rs 655 crore in FY25.
  • Net Cash generated from Operating Activities: Rs 632 crore in FY26, compared to Rs 308 crore in FY25 (up 105.19% YoY).
  • Earnings Per Share (EPS) - Basic: Rs 0.40 in FY26, compared to Rs 0.60 in FY25 (down 33.33% YoY).

Business Highlights:

  • Asset Transfer Agreement: The Company entered into an agreement to transfer the technology stack of the 'District' platform, along with identified employees, to its wholly-owned subsidiary, Wasteland Entertainment Private Limited (WEPL), for a cash consideration of Rs 24,19,13,925 to improve organizational efficiency.
  • Acquisition of Movie/Events Business: The Company completed the acquisition of Orbgen Technologies Private Limited (OTPL) and WEPL, holding the ‘Movies Ticketing’ and ‘Events’ businesses, from One 97 Communications Limited for a total purchase consideration of Rs 2,014 crore.
  • Segment Performance:
    • Quick Commerce (Blinkit): This segment saw massive growth, with annual consolidated revenue reaching Rs 37,779 crore in FY26, up from Rs 5,206 crore in FY25. The group transitioned from a marketplace model to a combination of marketplace and inventory-led models in this segment.
    • India Food Ordering and Delivery: Annual revenue grew to Rs 10,159 crore in FY26 from Rs 8,080 crore in FY25.
    • Hyperpure (B2B): Annual revenue reached Rs 5,366 crore in FY26 from Rs 6,196 crore in FY25.
  • Leadership Changes: Mr. Deepinder Goyal resigned as CEO and Managing Director (effective February 1, 2026) and was appointed as Vice Chairman and Non-Executive Director. Mr. Albinder Singh Dhindsa was appointed as the new Chief Executive Officer.

Result PDF

Cars & Utility Vehicles company Maruti Suzuki India announced Q4FY26 & FY26 results

Q4FY26 Standalone Financial Highlights:

  • Total Revenue from Operations: Rs 5,24,493 million in Q4FY26, a YoY increase of 28.21% compared to Rs 4,09,096 million and a QoQ increase of 5.13% compared to Rs 4,98,915 million.
  • Other Income: Rs 4,998 million, a YoY decrease of 67.30% compared to Rs 15,282 million and a QoQ decrease of 52.60% compared to Rs 10,543 million.
  • Total Income: Rs 5,29,491 million, a YoY increase of 24.77% compared to Rs 4,24,378 million and a QoQ increase of 3.93% compared to Rs 5,09,458 million.
  • Profit Before Tax (PBT): Rs 48,360 million, a YoY decrease of 0.53% compared to Rs 48,618 million and a QoQ increase of 0.12% compared to Rs 48,300 million.
  • Profit for the Period (PAT): Rs 35,905 million, a YoY decrease of 6.92% compared to Rs 38,573 million and a QoQ decrease of 5.36% compared to Rs 37,940 million.
  • Earnings Per Share (Basic & Diluted): Rs 114.20, representing a YoY decrease of 6.92% from Rs 122.69 and a QoQ decrease of 5.36% from Rs 120.67.

Q4FY26 Consolidated Financial Highlights:

  • Total Revenue from Operations: Rs 5,24,625 million in Q4FY26, a YoY increase of 28.21% compared to Rs 4,09,201 million and a QoQ increase of 5.13% compared to Rs 4,99,041 million.
  • Total Income: Rs 5,29,464 million, a YoY increase of 24.76% compared to Rs 4,24,313 million and a QoQ increase of 3.90% compared to Rs 5,09,592 million.
  • Profit Before Tax (PBT): Rs 49,184 million, a YoY increase of 0.01% compared to Rs 49,177 million and a QoQ increase of 0.02% compared to Rs 49,173 million.
  • Profit for the Period (PAT): Rs 36,590 million, a YoY decrease of 6.45% compared to Rs 39,111 million and a QoQ decrease of 5.67% compared to Rs 38,791 million.
  • Earnings Per Share (Basic & Diluted): Rs 116.38, representing a YoY decrease of 6.45% from Rs 124.40 and a QoQ decrease of 5.67% from Rs 123.38.

FY26 Standalone Financial Highlights:

  • Total Revenue from Operations: Rs 18,32,661 million for FY26, representing a YoY increase of 19.89% compared to Rs 15,28,679 million in FY25.
  • Other Income: Rs 43,919 million, representing a YoY decrease of 13.28% compared to Rs 50,647 million.
  • Total Income: Rs 18,76,580 million, representing a YoY increase of 18.82% compared to Rs 15,79,326 million in FY25.
  • Profit Before Tax (PBT): Rs 1,88,629 million, representing a YoY decrease of 2.83% compared to Rs 1,94,127 million.
  • Profit for the Year (PAT): Rs 1,44,454 million, representing a YoY increase of 1.03% compared to Rs 1,42,976 million.
  • Net Cash Flow from Operating Activities: Rs 1,90,631 million, a YoY increase of 18.17% compared to Rs 1,61,314 million.
  • Earnings Per Share (Basic & Diluted): Rs 459.46 for FY26, up 1.04% from Rs 454.75 in FY25.
  • Dividend: The Board recommended a final dividend of Rs 140 per share (nominal value Rs 5 per share) for FY26.

FY26 Consolidated Financial Highlights:

  • Total Revenue from Operations: Rs 1,833,160 million for FY26, representing a YoY increase of 19.88% compared to Rs 1,529,130 million in FY25.
  • Total Income: Rs 1,876,732 million, representing a YoY increase of 18.83% compared to Rs 1,579,352 million in FY25.
  • Profit Before Tax (PBT): Rs 1,91,185 million, representing a YoY decrease of 2.56% compared to Rs 1,96,200 million.
  • Profit for the Year (PAT): Rs 1,46,795 million, representing a YoY increase of 1.24% compared to Rs 1,45,002 million.
  • Net Cash Flow from Operating Activities: Rs 1,90,999 million, a YoY increase of 18.05% compared to Rs 1,61,800 million.
  • Earnings Per Share (Basic & Diluted): Rs 466.90 for FY26, up 1.24% from Rs 461.20 in FY25.

Business Highlights:

  • The Company achieved record total sales of 2,422,713 units in FY26, of which domestic sales were at 1,974,939 units, and exports were 447,774 units. In the same period last year, the total sales were at 2,234,266 units, comprising domestic sales of 1,901,681 units and exports of 332,585 units.
  • The Company recorded its highest-ever quarterly sales of 676,209 units, up 11.8% from Q4FY25. Domestic sales were at 538,994 units, and exports were at an all-time high of 137,215 units.
  • Amalgamation: The Scheme of Amalgamation between the Company and its wholly owned subsidiary, Suzuki Motor Gujarat Private Limited, became effective from December 01, 2025. Consequently, comparative standalone figures for prior periods have been restated.
  • Dividend Recommendation: Recommended a final dividend of Rs 140 per share for FY26, compared to Rs 135 per share in the previous year.
  • New Labour Codes: The Company recognized an incremental impact of Rs 5,939 million in Q3FY26 following the assessment of the four New Labour Codes. This includes Rs 3,256 million for Gratuity and Rs 2,683 million for Long-term compensated absences.
  • End-of-Life Vehicles Rules: The Company is evaluating the financial obligations related to the Environment Protection (End-of-Life Vehicles) Rules, 2025, which came into effect from April 1, 2025.
  • Segment Reporting: The Company operates primarily in the "Automobiles" segment (manufacturing, purchase, and sale of motor vehicles, components, and spare parts), with no other reportable segments as per Ind AS 108.

Result PDF

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