loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Nifty500 Multicap Infrastructure 50:30:20 Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Reliance Power Ltd. 22 May 2026 11:51 AM

Q4FY26 & FY26 Result Announced for Reliance Power Ltd.

Electric Utilities company Reliance Power announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations:
    • Q4FY26: Rs 1,88,726 lakh, compared to Rs 1,87,284 lakh in Q3FY26 (QoQ increase of 0.77%) and Rs 1,97,801 lakh in Q4FY25 (YoY decrease of 4.59%).
    • FY26: Rs 7,61,971 lakh, a YoY increase of 0.49% from Rs 7,58,289 lakh in FY25.
  • Total Income:
    • Q4FY26: Rs 1,94,633 lakh, compared to Rs 1,94,978 lakh in Q3FY26 (QoQ decrease of 0.18%) and Rs 2,06,564 lakh in Q4FY25 (YoY decrease of 5.78%).
    • FY26: Rs 7,98,852 lakh, compared to Rs 8,25,704 lakh in FY25 (YoY decrease of 3.25%).
  • Profit/(Loss) for the Period:
    • Q4FY26: Reported a loss of Rs (49,400) lakh, compared to a profit of Rs 2,511 lakh in Q3FY26 and a profit of Rs 12,557 lakh in Q4FY25.
    • FY26: Reported a loss of Rs (33,689) lakh, compared to a profit of Rs 2,94,783 lakh in FY25.

Standalone Financial Highlights:

  • Total Income:
    • Q4FY26: Rs 2,428 lakh, compared to Rs 2,383 lakh in Q3FY26 (QoQ increase of 1.89%) and Rs 2,086 lakh in Q4FY25 (YoY increase of 16.40%).
    • FY26: Rs 10,872 lakh, compared to Rs 10,055 lakh in FY25 (YoY increase of 8.13%).
  • Profit/(Loss) after tax:
    • Q4FY26: Rs 741 lakh, compared to Rs (67) lakh in Q3FY26 and Rs (10,135) lakh in Q4FY25.
    • FY26: Rs 1,337 lakh, compared to Rs (9,410) lakh in FY25.

Business Highlights:

  • Fund Raising: The Board has approved seeking authorization for raising funds up to Rs 6,000 crore through the issuance of equity shares/equity-linked instruments to qualified institutional buyers, and up to Rs 3,000 crore through the issuance of non-convertible debentures on a private placement basis.
  • Key Appointments:
    • Dr. Avinash Gupta was appointed as an Additional Director (Independent) for a term of 5 years, subject to shareholder approval.
    • M/s Kailash Chand Jain & Co., Chartered Accountants, was appointed as the Statutory Auditor for a period of five consecutive years from the conclusion of the 32nd Annual General Meeting until the conclusion of the 37th Annual General Meeting.
  • Operational & Legal Matters:
    • Impairment: A subsidiary, Rajasthan Sun Technique Energy Private Limited (RSTEPL), recognized an impairment provision of Rs 38,160 lakh on property, plant, and equipment, which is disclosed as an "Exceptional Item".
    • Ongoing Investigations: The company is currently involved in ongoing proceedings initiated by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act, 2002. Additionally, SEBI has initiated a forensic audit regarding alleged violations of the SEBI Act, 1992, SCRA, 1956, and the Companies Act, 2013.
    • Warrants: During the year, 34,32,00,000 outstanding warrants lapsed due to non-conversion, leading to the forfeiture of Rs 30,262 lakh received against them.
    • Segment Information: The company continues to operate in a single reportable segment, 'Generation of Power'.

Result PDF

Realty company Prestige Estates Projects announced Q4FY26 & FY26 results

Standalone Financial Highlights:

  • Total Income:
    • Q4FY26: Rs 17,668 million, compared to Rs 12,231 million in Q3FY26 (QoQ increase of 44.45%) and Rs 7,389 million in Q4FY25 (YoY increase of 139.11%).
    • FY26: Rs 43,841 million, compared to Rs 32,890 million in FY25 (YoY increase of 33.29%).
  • Net Profit for the Period/Year:
    • Q4FY26: Rs 1,042 million, compared to Rs 458 million in Q3FY26 (QoQ increase of 127.51%) and Rs 172 million in Q4FY25 (YoY increase of 505.81%).
    • FY26: Rs 1,832 million, compared to Rs 1,865 million in FY25 (YoY decline of 1.77%).
  • Earnings Per Share (Basic and Diluted):
    • Q4FY26: Rs 2.42, compared to Rs 1.06 in Q3FY26 and Rs 0.40 in Q4FY25.
    • FY26: Rs 4.25, compared to Rs 4.46 in FY25.

Consolidated Financial Highlights:

  • Total Income:
    • Q4FY26: Rs 41,435 million, compared to Rs 38,855 million in Q3FY26 (QoQ increase of 6.64%) and Rs 15,893 million in Q4FY25 (YoY increase of 160.73%).
    • FY26: Rs 1,31,955 million, compared to Rs 77,355 million in FY25 (YoY increase of 70.58%).
  • Net Profit for the Period/Year:
    • Q4FY26: Rs 2,918 million, compared to Rs 2,447 million in Q3FY26 (QoQ increase of 19.25%) and Rs 431 million in Q4FY25 (YoY increase of 577.03%).
    • FY26: Rs 13,054 million, compared to Rs 6,169 million in FY25 (YoY increase of 111.61%).
  • Earnings Per Share (Basic and Diluted):
    • Q4FY26: Rs 5.81, compared to Rs 5.17 in Q3FY26 and Rs 0.58 in Q4FY25.
    • FY26: Rs 27.76, compared to Rs 11.19 in FY25.

Business Highlights:

  • Corporate Actions:
    • The Board recommended a final dividend of 20% (Rs 2 per share) on equity shares for FY26, subject to shareholder approval.
    • The Board approved the issuance of non-convertible debentures for an aggregate amount up to Rs 2,000 crore on a private placement basis, subject to shareholder approval.
  • Management Change: Ms. Uzma Irfan was redesignated as a Whole-Time Director for a period of 5 years, effective from May 21, 2026, to May 20, 2031.
  • Segment Reporting: The company operates in only one reportable segment, 'Real Estate Development', and related activities.
  • Acquisitions & Investments:
    • During FY26, the company acquired additional stakes in subsidiaries including Prestige Nottinghill Investments, Apex Realty Ventures LLP, Prestige AAA Investments, and Prestige Sterling Infra Projects Private Limited.
    • It also acquired a controlling stake in Bharatnagar Buildcon LLP and Aspire Spaces Tellapur LLP, and an additional stake in the joint venture Prestige Beta Projects Private Limited.
    • Subsequent to March 31, 2026, the company acquired a 50% partnership interest in Aaramnagar Realty LLP.
  • Regulatory & Legal: The company has noted ongoing legal proceedings related to certain real estate projects and income tax search matters, for which the management expects no further adverse impact based on current assessments.

Irfan Razack, Chairman & Managing Director, said: “FY26 has been a landmark year for Prestige, marked by our highest-ever sales and collections alongside strong growth in revenue and profitability. These results reflect the strength of our brand, the trust of our customers, and our ability to execute consistently across markets and asset classes.

We continue to see encouraging demand across our residential business while simultaneously expanding our footprint across commercial, retail, hospitality, and mixed-use developments. Our operational performance during the year gives us confidence as we move into the next phase of growth with a robust launch pipeline across key geographies.

Backed by strong fundamentals, disciplined execution, and a diversified development portfolio, we remain focused on creating long-term value for all stakeholders.”

Result PDF

Healthcare Facilities company Max Healthcare Institute announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

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

Standalone Financial Highlights:

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

Business Highlights:

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

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

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

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

Result PDF

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

Q4FY26 Consolidated Financial Highlights:

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

FY26 Consolidated Financial Highlights:

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

Q4FY26 Standalone Financial Highlights:

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

FY26 Standalone Financial Highlights:

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

Business Highlights:

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

Result PDF

Refineries/Petro-Products company Bharat Petroleum Corporation announced Q4FY26 & FY26 results

Consolidated Financial Highlights

  • Revenue from Operations: Consolidated revenue for Q4FY26 was Rs 1,34,947.90 crore, representing a 1.25% QoQ decrease from Rs 1,36,653.12 crore and a 6.33% YoY increase from Rs 1,26,916.18 crore. Annual consolidated revenue for FY26 was Rs 5,22,820.41 crore, up 4.46% YoY.
  • Total Income: Total consolidated income for Q4FY26 stood at Rs 1,35,898.51 crore, a decline of 1.02% QoQ, but an increase of 6.40% YoY. For FY26, total income was Rs 5,26,119.17 crore against Rs 5,03,202.20 crore in FY25.
  • Profit for the Period: Consolidated net profit for Q4FY26 reached Rs 5,624.54 crore, down 21.75% QoQ from Rs 7,188.40 crore, but up 28.07% YoY from Rs 4,391.83 crore. For the full year FY26, consolidated profit for the period was Rs 25,843.45 crore, nearly double the Rs 13,336.55 crore reported in FY25 (a 93.78% increase).
  • Total Comprehensive Income: Total comprehensive income for FY26 stood at Rs 28,427.27 crore compared to Rs 12,374.94 crore in FY25.
  • EPS: Consolidated basic and diluted EPS for FY26 was Rs 60.49, compared to Rs 31.21 in FY25.

Standalone Financial Highlights

  • Revenue from Operations: In Q4FY26, revenue stood at Rs 1,34,896.40 crore, a decrease of 1.26% QoQ from Rs 1,36,623.06 crore in Q3FY26, and an increase of 6.33% YoY compared to Rs 1,26,864.93 crore in Q4FY25. For the full year FY26, revenue reached Rs 5,22,668.25 crore, marking a growth of 4.46% over Rs 5,00,371.25 crore in FY25.
  • Total Income: Total income for Q4FY26 was Rs 1,35,960.14 crore, down 1.03% QoQ from Rs 1,37,373.20 crore, but up 6.50% YoY from Rs 1,27,657.92 crore. Annual total income for FY26 stood at Rs 5,26,421.53 crore compared to Rs 5,03,457.45 crore in FY25.
  • Profit Before Tax: The company reported a profit before tax of Rs 4,257.96 crore in Q4FY26, a decline of 57.82% QoQ from Rs 10,093.99 crore and a slight decline of 0.11% YoY from Rs 4,262.51 crore in Q4FY25. For the full year FY26, profit before tax was Rs 31,104.00 crore, an increase of 76.08% YoY from Rs 17,664.33 crore in FY25.
  • Net Profit: Net profit for Q4FY26 was Rs 3,191.49 crore, down 57.70% QoQ from Rs 7,545.27 crore and down 0.70% YoY from Rs 3,214.06 crore. For FY26, net profit grew significantly by 75.54% YoY to Rs 23,303.22 crore from Rs 13,275.26 crore in FY25.
  • Earnings Per Share (EPS): Basic and diluted EPS for Q4FY26 was Rs 7.47. For the full year FY26, EPS stood at Rs 54.54 compared to Rs 31.07 in FY25.

Business Highlights

  • Refinery and Sales Performance:
    • Refinery Throughput: Standing at 41.15 MMT for FY26, compared to 40.51 MMT in FY25.
    • Market Sales: Total domestic sales for FY26 were 54.18 MMT (FY25: 52.40 MMT), with export sales at 1.54 MMT (FY25: 1.23 MMT).
    • Domestic Market Sales Growth: The company recorded a growth of 3.40% in FY26 compared to 2.66% in FY25.
  • Segment-wise Performance (Consolidated FY26):
    • Downstream Petroleum: Segment revenue was Rs 5,22,668.25 crore with a profit before tax, other income, and finance costs of Rs 34,595.53 crore.
    • Exploration & Production (E&P) of Hydrocarbons: Segment revenue was Rs 152.16 crore with a loss of Rs (149.56) crore.
  • LPG Compensation: MoPNG approved a compensation of Rs 7,594.00 crore for under-recoveries on domestic LPG up to March 31, 2025. The company recognised five equal monthly instalments aggregating to Rs 3,164.15 crore under 'Revenue from Operations' in FY26.
  • Exceptional Items & Impairments:
    • A standalone impairment loss of Rs 4,349.13 crore was recognised on the equity investment in the wholly-owned upstream subsidiary, Bharat PetroResources Limited (BPRL), due to a change in the prospects of its blocks.
    • In the Mozambique project, Force Majeure was resolved during the reporting period, leading to the recommencement of interest cost capitalisation. Stoppage costs of Rs 410.70 crore were charged to the Statement of Profit & Loss.
  • Audit Observations: The company did not comply with the requirements for the optimum combination of Independent Directors throughout the year and has lacked a woman director since March 10, 2026.

Result PDF

Non-Electrical Utilities company Indraprastha Gas announced Q4FY26 & FY26 results

Consolidated Financial Highlights

  • Revenue from Operations: Consolidated revenue from operations for Q4FY26 was Rs 4,584.58 crore, reflecting a 5.70% YoY growth and a 2.13% QoQ growth. For the full year FY26, revenue stood at Rs 17,846.31 crore, up 8.48% from Rs 16,451.55 crore in FY25.
  • Total Income: Consolidated total income for Q4FY26 was Rs 4,684.78 crore, a growth of 5.72% YoY and 2.33% QoQ. Annual consolidated total income for FY26 reached Rs 18,219.97 crore, an 8.45% increase from Rs 16,800.85 crore in FY25.
  • Profit before Tax: Consolidated profit before tax (including share of associates) for Q4FY26 was Rs 446.60 crore, a decrease of 21.61% YoY from Rs 569.70 crore and a decrease of 11.25% QoQ from Rs 503.19 crore. For FY26, Profit before tax was Rs 1,985.17 crore, down 9.04% from Rs 2,182.53 crore in FY25.
  • Net Profit: Consolidated net profit for Q4FY26 stood at Rs 338.75 crore, a decrease of 25.26% YoY from Rs 453.21 crore and a decrease of 13.59% QoQ from Rs 392.01 crore. Annual consolidated Net Profit for FY26 was Rs 1,543.51 crore, a decline of 9.90% compared to Rs 1,713.01 crore in FY25.

Standalone Financial Highlights

  • Revenue from Operations: For Q4FY26, revenue from operations stood at Rs 4,584.51 crore, showing a growth of 5.70% compared to Rs 4,337.30 crore in Q4FY25 and a growth of 2.13% from Rs 4,488.71 crore in Q3FY26. For the full year FY26, revenue reached Rs 17,845.71 crore, representing an 8.48% increase over Rs 16,451.27 crore in FY25.
  • Total Income: Standalone total income for Q4FY26 was Rs 4,685.75 crore, up by 5.74% YoY from Rs 4,431.31 crore and up 1.45% QoQ from Rs 4,618.80 crore. Annual total income for FY26 stood at Rs 18,329.68 crore, showing an 8.41% increase compared to Rs 16,908.00 crore in FY25.
  • Profit before Tax: Standalone profit before tax for Q4FY26 was Rs 384.92 crore, a decrease of 17.33% YoY from Rs 465.63 crore and a decrease of 18.01% QoQ from Rs 469.47 crore. For the full year FY26, Profit before tax was Rs 1,805.55 crore, down 6.78% from Rs 1,936.90 crore in FY25.
  • Net Profit: Standalone net profit for Q4FY26 stood at Rs 277.08 crore, declining by 20.66% YoY from Rs 349.23 crore and declining by 22.73% QoQ from Rs 358.57 crore. Annual standalone Net Profit for FY26 was Rs 1,364.10 crore, a decrease of 7.05% compared to Rs 1,467.59 crore in FY25.

Business Highlights

  • Sales Volumes: Total sales volumes for FY26 stood at 3,427.21 million Scm, recording a 4% increase from 3,280.87 million Scm in FY25. For Q4FY26, total sales volumes were 872.46 million Scm, up 6% compared to 826.40 million Scm in Q4FY25.
  • Daily Average Sales: The average daily sales volume for FY26 was 9.39 MMSCMD, showing a 4% YoY growth. For Q4FY26, it reached 9.69 MMSCMD, a growth of 6% YoY.
  • CNG Performance: CNG sales volume for FY26 was 2,532.28 million Scm, a 4% increase YoY. For Q4FY26, CNG volume was 636.70 million Scm, up 5% YoY.
  • PNG Performance: Total PNG sales volume for FY26 was 894.27 million Scm, recording a 5% growth YoY. For Q4FY26, it was 235.63 million Scm, up 6% YoY. Domestic PNG volume for FY26 increased by 9% to 279.25 million Scm, while Industrial/Commercial PNG grew by 5% to 432.61 million Scm.
  • EBITDA: EBITDA for FY26 was Rs 1,850.04 crore, a decrease of 6% from Rs 1,963.45 crore in FY25. For Q4FY26, EBITDA stood at Rs 422.94 crore, representing a 14% decrease YoY.
  • Segment Performance: The company operates within a single segment, "Operating Segments," related to the distribution of natural gas.
  • Dividend: The Board recommended a final dividend of 75% i.e. Rs 1.50 per share (face value of Rs 2 each) for FY26.

Result PDF

Heavy Electrical Equipment company KEC International announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations: Stood at Rs 6,389.75 crore in Q4FY26, registering an increase of 6.47% QoQ from Rs 6,001.35 crore in Q3FY26, and a decline of 7.02% YoY compared to Rs 6,872.12 crore in Q4FY25. For the full year FY26, revenue was Rs 23,505.54 crore, growing by 7.59% YoY from Rs 21,846.70 crore in FY25.
  • Total Income: Reported at Rs 6,419.84 crore in Q4FY26, increasing by 6.79% QoQ from Rs 6,011.58 crore in Q3FY26, but down 6.85% YoY from Rs 6,892.32 crore in Q4FY25. For FY26, total income stood at Rs 23,555.87 crore, compared to Rs 21,917.56 crore in FY25.
  • Profit Before Tax (PBT): Came in at Rs 257.73 crore in Q4FY26, showing a growth of 61.15% QoQ from Rs 159.93 crore in Q3FY26, and a decline of 24.67% YoY from Rs 342.16 crore in Q4FY25.
  • Profit After Tax (PAT): Stood at Rs 192.79 crore in Q4FY26, demonstrating an increase of 51.25% QoQ from Rs 127.46 crore in Q3FY26, and a decline of 28.11% YoY from Rs 268.19 crore in Q4FY25. For FY26, PAT was Rs 605.59 crore, increasing by 6.10% YoY against Rs 570.74 crore in FY25.

Standalone Financial Highlights:

  • Revenue from Operations: Reached Rs 5,260.02 crore in Q4FY26, up 9.40% QoQ from Rs 4,808.09 crore in Q3FY26, and a decrease of 13.03% YoY from Rs 6,048.02 crore in Q4FY25. For FY26, it stood at Rs 19,046.58 crore, slightly down compared to Rs 19,177.75 crore in FY25.
  • Total Income: Stood at Rs 5,293.83 crore in Q4FY26, growing 9.82% QoQ from Rs 4,820.25 crore in Q3FY26, and down 12.87% YoY from Rs 6,075.64 crore in Q4FY25. For FY26, total income was Rs 19,110.51 crore versus Rs 19,285.51 crore in FY25.
  • Profit Before Tax (PBT): Reported at Rs 294.93 crore in Q4FY26, up significantly by 472.35% QoQ from Rs 51.53 crore in Q3FY26, and an increase of 42.03% YoY from Rs 207.65 crore in Q4FY25.
  • Profit After Tax (PAT): Reported at Rs 246.57 crore in Q4FY26, jumping 532.55% QoQ from Rs 38.98 crore in Q3FY26, and an increase of 53.45% YoY from Rs 160.68 crore in Q4FY25. For FY26, standalone PAT was Rs 428.09 crore, up by 32.18% YoY compared to Rs 323.88 crore in FY25.

Business & Segment Highlights:

  • Segment Performance:
    • EPC (Engineering, Procurement, and Construction): Revenue for Q4FY26 was Rs 5,915.45 crore, growing by 5.47% QoQ from Rs 5,608.42 crore in Q3FY26, and declining by 10.45% YoY from Rs 6,605.94 crore in Q4FY25. FY26 revenue was Rs 21,988.29 crore, up from Rs 20,648.88 crore in FY25.
    • Others (Mainly Cables Business): Revenue for Q4FY26 stood at Rs 753.95 crore, up by 35.65% QoQ from Rs 555.80 crore in Q3FY26, and an increase of 26.64% YoY from Rs 595.35 crore in Q4FY25. FY26 revenue was Rs 2,216.70 crore.
  • Dividend: The Board of Directors recommended a dividend of Rs 5.50 per equity share (275% of the face value of Rs 2 each) for the financial year ended March 31, 2026.
  • Exceptional Items: The company recorded exceptional items relating to:
    • Labour Codes Impact: An incremental estimated employee benefit obligation aggregating to Rs 58.78 crore (consolidated) and Rs 52.29 crore (standalone) owing to the Government of India notifying four new Labour Codes.
    • Investment Reassessment: The company reassessed the recoverable value of its investment in wholly-owned subsidiary KEC Investment Holdings, Mauritius, reversing a provision for impairment loss amounting to Rs 166 crore in standalone financials.
  • Merger: The Board approved the Scheme of Merger by Absorption of KEC Spur Infrastructure Private Limited, a wholly-owned subsidiary, with the Company, subject to requisite approvals.
  • Sale of Stake: The Board approved the sale of 99% of equity shares and 100% preference shares held in KEC Investment Holdings, Mauritius, to another wholly-owned subsidiary, KEC Towers LLC.

Vimal Kejriwal, MD & CEO, KEC International, commented, “We achieved our highest-ever revenues, profitability, and Order Intake during the year, despite a challenging operating environment, especially in Q4. The record performance was driven by robust execution in our T&D business, with its contribution to revenues increasing significantly to 68% from 59% last year. Profitability also improved considerably, with operating PBT growing by 21% and operating PAT growing by 18% YoY. Our order book has been substantially strengthened through multiple strategic wins, taking the combined order book and L1 position beyond Rs. 40,000 crore. Despite the uncertain operating environment, our robust order book and healthy tender pipeline position us well to deliver sustained growth in the coming quarters.”

Result PDF

Telecom Services company Vodafone Idea announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

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

Standalone Financial Highlights:

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

Business & Segment Highlights:

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

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

Result PDF

Warehousing & Logistics company Delhivery announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations: Stood at Rs 28,499.99 million in Q4FY26, registering a slight growth of 1.60% QoQ compared to Rs 28,049.86 million in Q3FY26, and a robust increase of 30.04% YoY from Rs 21,915.66 million in Q4FY25. For the full year FY26, revenue increased by 17.65% to Rs 1,05,083.07 million from Rs 89,319.01 million in FY25.
  • Total Income: Reported at Rs 29,094.17 million in Q4FY26, marking an increase of 0.95% QoQ from Rs 28,821.08 million in Q3FY26, and a 26.30% growth YoY from Rs 23,034.88 million in Q4FY25. For FY26, total income stood at Rs 1,08,669.55 million compared to Rs 93,720.09 million in FY25.
  • Profit Before Tax (PBT): Came in at Rs 672.85 million in Q4FY26, showcasing a sharp surge of 83.44% QoQ from Rs 366.80 million in Q3FY26, but down 6.19% YoY compared to Rs 717.22 million in Q4FY25.
  • Profit After Tax (PAT): Reached Rs 723.97 million in Q4FY26, demonstrating a significant increase of 82.87% QoQ from Rs 395.89 million in Q3FY26, and a marginal decline of 0.22% YoY from Rs 725.57 million in Q4FY25. For FY26, PAT stood at Rs 1,525.40 million, declining by 5.90% YoY against Rs 1,621.10 million in FY25.

Standalone Financial Highlights:

  • Revenue from Operations: Reached Rs 26,716.69 million in Q4FY26, up 1.46% QoQ from Rs 26,332.82 million in Q3FY26, and an increase of 30.94% YoY from Rs 20,404.21 million in Q4FY25. For FY26, it stood at Rs 98,474.87 million, growing by 18.28% YoY versus Rs 83,252.84 million in FY25.
  • Total Income: Stood at Rs 27,219.69 million in Q4FY26, growing 0.52% QoQ from Rs 27,080.10 million in Q3FY26, and up 26.45% YoY from Rs 21,526.02 million in Q4FY25.
  • Profit Before Tax (PBT): Reported at Rs 762.74 million in Q4FY26, up 4.75% QoQ from Rs 728.14 million in Q3FY26, and marking a successful turnaround from a loss of Rs 216.74 million in Q4FY25.
  • Profit After Tax (PAT): Reported at Rs 797.97 million in Q4FY26, jumping 7.55% QoQ from Rs 741.98 million in Q3FY26, and demonstrating a strong turnaround from a net loss of Rs 203.19 million in Q4FY25. For FY26, standalone PAT was Rs 3,254.27 million, jumping by 233.24% YoY compared to Rs 976.55 million in FY25.

Business & Segment Highlights:

  • Segment Performance: The company evaluates its performance at an overall level as a single business segment, which is 'Logistics Services' (including warehousing, last mile logistics, designing and deploying logistics management systems, etc.). Hence, there are no reportable geographical or separate business segments.
  • Acquisition of Ecom Express Limited: The company completed the acquisition of a 99.87% stake in Ecom Express Limited for a purchase consideration of approximately Rs 13,696.36 million, making it a subsidiary with effect from July 18, 2025. The remaining 0.13% stake was acquired on December 10, 2025, making Ecom a wholly-owned subsidiary.
  • Amalgamation Update: The National Company Law Tribunal (NCLT) approved the Scheme of Amalgamation between Spoton Logistics Private Limited, Spoton Supply Chain Solutions Private Limited, and the Company via an order dated March 20, 2026. The scheme came into effect on May 01, 2026, with an appointed date of April 01, 2025.
  • Exceptional Item (Labour Codes Impact): The company recorded an exceptional item reflecting the financial implications of newly notified Labour Codes. This resulted in an increased gratuity and leave liability of Rs 208.56 million (consolidated) and Rs 203.61 million (standalone) for the year ended March 31, 2026.

Result PDF

Green & Renewable Energy company NHPC announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations: Stood at Rs 2,815.53 crore in Q4FY26, registering a growth of 26.78% QoQ compared to Rs 2,220.73 crore in Q3FY26, and an increase of 19.96% YoY from Rs 2,346.97 crore in Q4FY25. For the full year FY26, revenue increased by 11.90% to Rs 11,615.29 crore from Rs 10,379.86 crore in FY25.
  • Total Income: Reported at Rs 3,120.52 crore in Q4FY26, marking an increase of 25.18% QoQ from Rs 2,492.83 crore in Q3FY26, and a 22.00% growth YoY from Rs 2,557.71 crore in Q4FY25. For FY26, total income stood at Rs 12,686.09 crore compared to Rs 11,614.61 crore in FY25.
  • Profit Before Tax (PBT): Came in at Rs 285.44 crore in Q4FY26, recovering from a loss of Rs 282.20 crore in Q3FY26, but down 74.36% YoY compared to Rs 1,113.09 crore in Q4FY25.
  • Profit After Tax (PAT): Reached Rs 1,549.42 crore in Q4FY26, showcasing a massive surge of 383.29% QoQ from Rs 320.60 crore in Q3FY26, and an increase of 68.48% YoY from Rs 919.63 crore in Q4FY25. For FY26, PAT stood at Rs 4,220.46 crore, reflecting a 23.70% YoY growth against Rs 3,411.73 crore in FY25.

Standalone Financial Highlights:

  • Revenue from Operations: Reached Rs 2,741.25 crore in Q4FY26, up 46.01% QoQ from Rs 1,877.47 crore in Q3FY26, and 33.16% YoY from Rs 2,058.54 crore in Q4FY25. For FY26, it stood at Rs 10,328.26 crore versus Rs 8,994.26 crore in FY25.
  • Total Income: Stood at Rs 3,116.19 crore in Q4FY26, growing 35.10% QoQ from Rs 2,306.60 crore in Q3FY26, and 33.27% YoY from Rs 2,338.29 crore in Q4FY25.
  • Profit After Tax (PAT): Reported at Rs 1,327.54 crore in Q4FY26, jumping 353.29% QoQ from Rs 292.87 crore in Q3FY26, and up 48.51% YoY from Rs 893.92 crore in Q4FY25. For FY26, standalone PAT was Rs 3,617.80 crore compared to Rs 3,083.98 crore in FY25.

Business Highlights:

  • Segment Performance: Electricity generation remains the principal business activity of the company. Other operations like Power Trading, Contracts, Project Management, and Consultancy do not form a reportable segment as per Ind AS 108, hence the company operates essentially as a single geographical segment.
  • Dividend: The Board recommended a final dividend of Rs 0.21 per equity share (2.10% of face value of Rs 10) for FY26, subject to shareholder approval. This is in addition to the interim dividend of Rs 1.40 per equity share already paid in February 2026.
  • Fund Raising: The Board approved the perusal of the Key Information Document (KID) for raising funds up to Rs 2,000 crore through the issue of Listed, Unsecured, Non-Convertible, Redeemable, Taxable AI Series Bonds via private placement, as part of the borrowing plan for FY26-27.
  • Project Commissioning:
    • Commissioned the 800 MW Parbati-II H.E Project in April 2025.
    • Commissioned the 300 MW Karnisar Solar Power Project in Bikaner during the year ended March 31, 2026.
    • Commissioned 750 MW (3 out of 8 units) of the 2000 MW Subansiri Lower Project during the year. One additional unit of 250 MW was commissioned post-quarter on May 8, 2026, bringing the total installed capacity of the Subansiri Lower Project to 1000 MW.

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.
Download App

Download Our App

Get it on google Play Store Download on the App Store
market app