Stock Mirror Blog

Aadhar Housing Finance FY26: AUM ₹30,571 Cr +20%, Disbursements +20%, PAT +22%, GNPA 1.08% — Good Sentiment

Aadhar Housing Finance FY26: AUM ₹30,571 crore (+20% YoY), Q4 disbursements ₹3,087 crore (+20% YoY, highest ever), PAT ₹1,108 crore (+22% YoY). GNPA improved to 1.08%. 626 branches. FY27: 20% AUM growth, 20% profit growth guidance. Affordable housing segment — structural long-term tailwind. Interest rates expected stable for 2-3 quarters.

Aditya Birla Lifestyle Brands Q4 FY26: Revenue ₹2,174 Cr +12%, EBITDA +14%, PAT +58%, 300+ New Stores — Good Sentiment

Aditya Birla Lifestyle Brands (ABLBL) Q4 FY26: revenue ₹2,174 crore (+12% YoY), EBITDA ₹375 crore (+14%), normalized PAT +58%, FY26 revenue ₹8,396 crore. EBITDA margin expanded 20 bps Q4 (+90 bps FY26). 300+ new stores added. Brands: Louis Philippe, Van Heusen, Allen Solly, Peter England. Management confident on sustaining double-digit growth through brand momentum and emerging businesses.

Acutaas Chemicals Q4 FY26: FY26 Revenue ₹1,339 Cr +33%, PAT ₹356 Cr, CDMO Target ₹1,000 Cr FY28, FY27 Growth 25% — Good Sentiment

Acutaas Chemicals reported FY26 record revenue of ₹1,339 crore (+33% YoY), EBITDA of ₹480 crore, and PAT of ₹356 crore with significant margin expansion. Q4 EBITDA margin expanded 1,487 bps YoY. Net cash: ₹198 crore. FY27 guidance: 25% revenue growth. CDMO revenue target: ₹1,000 crore by FY28. Indichem JV investment: ₹190 crore.

Aeroflex Industries Q4 FY26: Revenue ₹127 Cr +38%, FY26 ₹443 Cr +17%, Data Centre Entry — FY27 ~35% Growth Guided

Aeroflex Industries Q4 FY26: revenue ₹126.5 crore (+38% YoY), EBITDA ₹30 crore, PAT ₹17.6 crore. FY26 revenue ₹443 crore (+17%). Data centre liquid cooling entry — skid assembly scaling to 20-22% of revenue. FY27 guidance: ~35% growth, EBITDA margin ~23%. Stainless steel flexible hose manufacturer scaling into data centre infrastructure.

Apollo Pipes Q4 FY26: Crossed 1 Lakh Ton Volume, ₹5,000 Cr by FY31 Target, South India Expansion — Good Sentiment

Apollo Pipes FY26: crossed 1 lakh tonne sales volume milestone, FY26 revenue ₹1,100 crore. Q4 ₹350 crore, Q1 FY27 targeting ₹400 crore (+15% QoQ). EBITDA -30% FY26 due to PVC price volatility. FY31 target: ₹5,000 crore (35% CAGR). South India plant, windows, bath fittings diversification. Market share 2-2.5%, targeting 8-10% by FY31.

Bhagyanagar India Q4 FY26: FY26 Revenue ₹2,378 Cr +34%, EBITDA ₹103.8 Cr, PAT ₹50 Cr+, ROE 19.5%, 2030 Target ₹5,000 Cr — Good Sentiment

Bhagyanagar India reported FY26 revenue of ₹2,378 crore (+34% YoY) with EBITDA of ₹103.8 crore. PAT: ₹50+ crore. ROE: 19.5%. Copper products and cables remain core with strong industrial demand. 2030 revenue target: ₹5,000 crore. FY27: continued 25-30% growth trajectory as copper and power cable demand remains robust.

Bharat Forge Q4 FY26: Defense ₹1,562 Cr Revenue, ₹11,000 Cr Order Book, 25% India Growth Guided — Good Sentiment

Bharat Forge Q4 FY26: standalone revenue ₹2,260 cr (+8.5% QoQ), FY26 consolidated revenue ₹16,812 cr (+11% YoY). Defense revenue ₹1,562 cr FY26 with ₹11,000 cr order book. Aerospace ₹400 cr (26% of industrial exports). FY27 India operations guided for ~25% growth. ATAGS field trials + CQB carbine production start H2 FY27.

Brigade Enterprises FY26: Pre-Sales ₹7,424 Cr, Revenue +11%, FY27 ₹9,000 Cr Target — Good Sentiment

Brigade Enterprises FY26: consolidated revenue ₹5,909 crore (+11% YoY), EBITDA ₹1,638 crore (28% margin), PAT ₹725 crore. Residential pre-sales ₹7,424 crore (FY26), Q4 pre-sales +44% QoQ recovery. FY27 target: ₹9,000 crore pre-sales (+20%), 11.6 MSF new launches. Commercial leasing: sustained demand for Grade A office space in Bangalore and Hyderabad.

India Cables & Electricals Q4 FY26: Polycab, RR Kabel, Havells, Bhagyanagar Earnings Compared — Revenue, Margins, AI Signal

India cables and electricals sector Q4 FY26 results compared: Polycab India, RR Kabel, Havells India, Bhagyanagar India. Revenue growth, EBITDA margins, product mix, and StockMirror AI management signals analyzed. India's infrastructure buildout and real estate recovery are driving structural demand for cables and electrical products.

Emcure Pharmaceuticals FY26: Revenue ₹9,204 Cr +16.6% — Crosses $1 Billion, PAT ₹1,008 Cr — Good Sentiment

Emcure Pharmaceuticals FY26: revenue ₹9,204 crore (+16.6% YoY), EBITDA ₹1,789 crore, PAT ₹1,008 crore. Q4 FY26 revenue +16.7% YoY. Crossed $1 billion revenue milestone. International markets (Europe, Canada, ROW) are key drivers. FY27 guidance: low-to-mid teen growth, EBITDA margin +75-100 bps. Domestic restructuring (Zuventus acquisition) normalized in April.

Escorts Kubota FY26: Record Revenue ₹11,473 Cr +12.6%, EBITDA +28.5%, PAT +24.4% — Cautious FY27 Outlook

Escorts Kubota FY26: record revenue ₹11,472.8 crore (+12.6% YoY), EBITDA ₹1,513 crore (+28.5%), PAT ₹1,380.9 crore (+24.4%). Tractor volume 1,33,670 units FY26. FY27 industry guidance flattish (±2-3%) due to high base and monsoon uncertainty. CE segment (construction equipment) 5,794 units FY26. Management cautious but structural rural demand intact.

Geojit Financial Services Q4 FY26: AUM ₹23,230 Cr, Customer Assets ₹97,000 Cr, Geojit 2.0 Transformation — Good Sentiment

Geojit Financial Services reported strong Q4 FY26 results with AUM of ₹23,230 crore and total customer assets of ₹97,000 crore. The company invested ₹54 crore in Geojit 2.0 transformation — sales force expansion, IT infrastructure, and brand building. FY26 marks the investment phase; FY27 expected to deliver returns on transformation spend.

GHCL Textiles Q4 FY26: Revenue ₹375 Cr +31%, EBITDA ₹52 Cr (13.9%), FY26 ₹1,335 Cr, Target ₹2,000 Cr — Good Sentiment

GHCL Textiles reported Q4 FY26 revenue of ₹375 crore (+31% YoY) and EBITDA of ₹52 crore (13.9% margin). FY26 full-year revenue: ₹1,335 crore. Net debt: ₹118 crore. FY27: targeting ₹2,000 crore revenue through spinning capacity expansion and yarn export growth. Q4 margin improvement driven by better cotton price and product mix.

Gravita India FY26: Revenue ₹4,265 Cr +10%, PAT +21%, 500K MT by FY29 — Lead Recycling + Copper + Lithium — Good Sentiment

Gravita India FY26: revenue ₹4,265 crore (+10% YoY), EBITDA ₹452 crore (10.6% margin, stable), PAT ₹379 crore (+21%). Q4 revenue +13% YoY, +15% QoQ. Strategic capex ₹1,700 crore through FY29 targeting 500K MT volume. New: copper (RMIL acquisition), lithium-ion recycling. Net debt ₹118 crore. Lead capacity expansions driving base. Q1 FY27 uncertainty from Middle East logistics.

Indiabulls Limited Q4 FY26: Net Cash, GDV ₹21,000 Cr, FY27 PAT 2x, FY28 3x — Restructuring Complete, Real Estate Profit Engine On — Good Sentiment

Indiabulls Limited completed a transformative merger and restructuring, emerging with a clean net-cash balance sheet (zero debt) and GDV pipeline of ₹21,000+ crore. FY26 revenue ₹880.78 crore, PAT ₹346 crore. Management guides FY27 PAT 2x and FY28 PAT 3x over FY26 base as real estate cash flows accelerate.

Indoco Remedies Q4 FY26: Revenue +25.8%, International +94.6%, EBITDA Margin Recovery to 14.7% — Good Sentiment

Indoco Remedies Q4 FY26: standalone revenue ₹429 crore (+25.8% YoY), consolidated ₹456 crore (+18.8% YoY). International business +94.6% in Q4. EBITDA margin recovery to 14.7% from 1% — turnaround signal. FY27: domestic seasonal recovery expected, international momentum sustaining. Debt ₹960 crore consolidated (structured repayment).

InfoBeans Technologies Q4 FY26: FY26 Revenue ₹539 Cr +32%, PAT ₹87 Cr +128%, AI 43% of Revenue, Cash ₹339 Cr — Good Sentiment

InfoBeans Technologies reported FY26 record revenue of ₹539 crore (+32% YoY), EBITDA of ₹138 crore (+64%), and PAT of ₹87 crore (+128% YoY). Q4 FY26 revenue grew 37% YoY. AI-enabled work now 43% of revenue with target of 100% in 12 months. Cash and equivalents: ₹339 crore. Target EBITDA margin: 24%, PAT margin: 14%.

India Infrastructure & EPC Q4 FY26: PSP Projects, Cemindia, Skipper, RR Kabel Earnings Compared — Order Books, Margins, AI Signal

India infrastructure and EPC sector Q4 FY26 results compared: PSP Projects, Cemindia Projects, Skipper Limited, RR Kabel. Order books, revenue growth, EBITDA margins, and StockMirror AI management signals analyzed. India's government capex cycle and private infrastructure buildout driving multi-year order pipelines.

Jana Small Finance Bank Q4 FY26: Assets ₹36,289 Cr +23%, PAT ₹140 Cr, FY27 PAT Growth 80%+, Secured Mix Rising — Good Sentiment

Jana Small Finance Bank reported Q4 FY26 PAT of ₹140 crore with gross advances of ₹36,289 crore (+23% YoY) and deposits of ₹35,784 crore (+23% YoY). Net credit cost at 8-quarter low of 0.47%. MFI stress resolved. FY27 guidance: 19-21% loan growth, deposit growth 23-25%, PAT growth 80%+. Secured disbursements: ₹5,372 crore in Q4.

Kanpur Plastipack Q4 FY26: FY26 Revenue ₹726.67 Cr +26%, PAT ₹38.19 Cr +68%, EBITDA ₹74.75 Cr, FY27 Growth 10-15% — Good Sentiment

Kanpur Plastipack reported FY26 revenue of ₹726.67 crore (+26% YoY), EBITDA of ₹74.75 crore, and PAT of ₹38.19 crore (+68% YoY). The company manufactures FIBC (Flexible Intermediate Bulk Containers) for export and domestic markets. FY27 guidance: 10-15% revenue growth with margin improvement. Strong FIBC export demand from US and European markets.

Krishival Foods Q4 FY26: FY26 Revenue ₹304 Cr +48%, EBITDA ₹41.95 Cr, PAT ₹22.2 Cr, FY27 ~50% Growth — Good Sentiment

Krishival Foods reported FY26 revenue of ₹304 crore (+48% YoY), EBITDA of ₹41.95 crore, and PAT of ₹22.2 crore. The company is on a rapid growth trajectory in food processing and healthy snacks. FY27 guidance: approximately 50% revenue growth, targeting ₹450+ crore. Strong demand for processed foods and health-focused snacking.

Ksolves India Q4 FY26: FY26 Revenue ₹162.7 Cr +18.4%, First ₹150 Cr Year, EBITDA 29.7%, FY27 Growth 18-20% — Good Sentiment

Ksolves India Limited reported FY26 revenue of ₹162.7 crore (+18.4% YoY) — crossing ₹150 crore for the first time. EBITDA: ₹48.3 crore (29.7% margin). PAT: ₹34.3 crore (21.1% margin). Q4 revenue: ₹43.03 crore. FY27 guidance: 18-20% revenue growth, EBITDA margin 25-30%. Investments in AI, leadership, and global branding caused planned margin compression.

Lloyds Metals & Energy FY26: Revenue ₹13,838 Cr +104%, EBITDA +133%, Iron Ore 21.96 MT, Steel Entry FY27 — Great Sentiment

Lloyds Metals & Energy FY26: revenue ₹13,838 crore (+104% YoY), EBITDA ₹4,673 crore (+133%), PAT ₹3,194 crore. Iron ore production 21.96 MT (+120% YoY). FY27: 26 MT iron ore, 8 MT pellets, entry into steelmaking. ₹15,000 crore consolidated capex FY27. No equity dilution. US-DRC critical minerals agreement de-risks copper (DRC) operations.

Onward Technologies FY26: Revenue ₹550 Cr +10.5%, EBITDA +61%, Margin 13.2% (Highest Ever), ₹127 Cr Net Cash

Onward Technologies FY26: revenue ₹550 crore (+10.5% YoY), EBITDA ₹71.9 crore (+60.9% YoY), EBITDA margin 13.2% — highest ever. PAT +72.3% YoY. Net cash ₹127.3 crore. 88% revenue from Top 25 clients. FY27: 95-98% revenue from existing clients, double-digit growth expected. Engineering services for automotive + industrial clients. Dividend ₹8/share.

India Real Estate Q4 FY26: Indiabulls, Sunteck Realty, Phoenix Mills Compared — GDV, Presales, Retail Consumption, AI Signal

India real estate sector Q4 FY26 results compared: Indiabulls Limited (GDV ₹21,000 cr, FY27 PAT 2x target), Sunteck Realty (presales ₹3,157 cr +25%, EBITDA +64%), Phoenix Mills (retail consumption ₹16,587 cr +21%, office income doubling). Residential luxury, affordable housing, and retail mall REIT analysis with StockMirror AI signals.

Shoppers Stop FY26: Departmental Store ₹5,000 Cr Milestone, LFL 4.7%, Beauty +17%, GSSBB +81% — Good Sentiment

Shoppers Stop FY26: departmental store revenue crossed ₹5,000 crore (milestone). LFL +4.7% — highest in a decade. Beauty revenue ₹1,281 crore (+17% YoY). GSSBB (Global SS Beauty Brand) ₹426 crore (+81% YoY). Personal shopper sales ₹1,257 crore (+24%). Premiumization strategy delivering. 4.6% LFL in Q4. April/May demand pickup sustained.

SIS Limited Q4 FY26: Revenue ₹4,489 Cr +31%, Record EBITDA ₹207 Cr, Margins Near Pre-COVID — Good Sentiment

SIS Limited Q4 FY26: record revenue ₹4,489 crore (+31% YoY), record EBITDA ₹207 crore. All 3 segments (India Security, International, Facility Management) at record levels. India Security margin 5.5% (near pre-COVID). PAT ₹105.5 crore. Long-term 15%+ CAGR maintained. Labour Code implementation and restructuring are key FY27 milestones.

SJS Enterprises Q4 FY26: Revenue ₹260 Cr +29.7%, EBITDA Margin 30.3%, Exports +60.5% — Great Sentiment

SJS Enterprises Q4 FY26: all-time high revenue ₹260.1 crore (+29.7% YoY), EBITDA ₹80.8 crore (+53% YoY, margin 30.3%), PAT ₹48.9 crore (+44.9%). FY26 revenue ₹955 crore (+25.6%), exports ₹91.1 crore (+60.5%). Outperforming auto industry by 2x+. Order book >85% of FY27 guidance. FY27 target: 1.5x-2x industry outperformance, EBITDA margin 27-28%.

India Specialty Chemicals Q4 FY26: Navin Fluorine, Epigral, Acutaas Chemicals Earnings Compared — CDMO, Margins, AI Signal

India specialty chemicals Q4 FY26 results compared: Navin Fluorine International, Epigral, Acutaas Chemicals. CDMO revenue, EBITDA margins, capacity investments, and StockMirror AI management signals analyzed. China+1 tailwind, global pharma outsourcing, and specialty product pricing power driving India's chemicals sector.

India Telecom & Digital Infrastructure Q4 FY26: HFCL, STL Tech, Indus Towers Compared — Fibre, 5G, Data Centres, AI Signal

India telecom and digital infrastructure Q4 FY26 results compared: HFCL ($1.1 bn hyperscaler deal, order book ₹21,200 cr), Sterlite Technologies/STL (revenue +37%, data centre push), Indus Towers (FY26 PAT ₹7,140 cr, 531K 5G BTS). Fibre optic cables, 5G deployment, data centre buildout, and StockMirror AI management signals.

Westlife Foodworld Q4 FY26: Revenue ₹660 Cr +9%, Gross Margin 68.1%, 478 McDonald's in 78 Cities — Good Sentiment

Westlife Foodworld Q4 FY26: revenue ₹660 crore (+9% YoY), gross margin 68.1% (+60 bps QoQ), cash PAT ₹48.7 crore. FY26 revenue ₹2,630 crore (+5% YoY). 478 McDonald's restaurants across 78 cities. Everyday value platform driving mid-single-digit guest count growth. Store expansion guidance accelerated. April guest count momentum sustained.

Aster DM Healthcare Q4 FY26: Combined Revenue ₹2,361 Cr, EBITDA ₹517 Cr +25%, QCIL Merger on Track, 4,200+ Bed Expansion — Good Sentiment

Aster DM Healthcare reported Q4 FY26 combined (proforma) revenue of ₹2,361 crore (+18% YoY) and operating EBITDA of ₹517 crore (+25%). Standalone PAT: ₹153 crore. Merger with Quality Care India Limited (QCIL) on track for final approval. Cash and investments: ₹1,327 crore. Expansion pipeline: 4,200+ beds. Normalised PAT FY26: ₹153 crore.

AWL Agri Business Q4 FY26: Record Revenue ₹21,000 Cr +18%, EBITDA +40%, PAT +54%, Volume 1.9 MMT, Basmati Share +330 Bps — Good Sentiment

AWL Agri Business (formerly Adani Wilmar) reported record Q4 FY26 revenue of ₹21,000+ crore (+18% YoY) with volume of 1.9 million metric tons. FY26 operational EBITDA: ₹2,300+ crore. Q4 EBITDA: ₹628 crore (+40% YoY). Q4 PAT: ₹293 crore (+54% YoY). Edible oil market share gain: 60 bps. Basmati market share: +330 bps to 9%. EBITDA/ton guidance: ₹3,500-3,600.

CAMS Q4 FY26: Highest-Ever Quarterly Revenue, EBITDA ₹183 Cr (46.5% Margin), MF AUM ₹55.1 Lakh Cr, Non-MF +24.5% — Good Sentiment

CAMS (Computer Age Management Services) reported its highest-ever quarterly revenue and EBITDA of ₹183 crore (46.5% margin) in Q4 FY26. Mutual Fund industry AUM: ₹55.1 lakh crore. Non-MF revenue grew 24.5% YoY. SIP registrations +46% QoQ. FY27 guidance: non-MF growth 20%+, EBITDA margin 45-47%. Dividend ₹4/share Q4.

Central Bank of India Q4 FY26: FY26 Net Profit ₹4,369 Cr, Business ₹8.1 Lakh Cr +15.6%, GNPA 2.67% Down 51 Bps, RAM +21% — Good Sentiment

Central Bank of India reported FY26 net profit of ₹4,369 crore (+strong YoY, ex-DTA). Q4 net profit: ₹724 crore (impacted by ₹632 crore one-time DTA charge). Total business: ₹8.12 lakh crore (+15.60% YoY). GNPA improved 51 bps to 2.67%. RAM (Retail, Agriculture, MSME) advances +21% YoY. FY27: 14-16% credit growth, slippage <1%.

Epigral Q4 FY26: Record Revenue ₹736 Cr +22% QoQ, EBITDA 23% Margin, FY27 Volume +10-12%, ECU ₹37,000 Post-Conflict — Good Sentiment

Epigral Limited reported Q4 FY26 record revenue of ₹736 crore (+22% QoQ), EBITDA of ₹169 crore (23% margin), PAT of ₹82 crore. FY26 revenue: ₹2,542 crore. FY27 guidance: 10-12% volume growth. ECU realisation spiked to ₹37,000 post-conflict (from ₹30,000). Net debt: ₹508 crore. Chlor-alkali speciality chemicals company with new capacity commissioning.

Go Digit Insurance Q4 FY26: GDPI ₹11,300 Cr +16.2%, Combined Ratio 105.7%, ROE 17.7%, AUM ₹23,000 Cr — Good Sentiment

Go Digit General Insurance reported FY26 Gross Direct Premium Income (GDPI) of ₹11,300 crore (+16.2% YoY). Q4 PAT: ₹179 crore. AUM: ₹23,000 crore. Combined ratio: 105.7% (improving). ROE: 17.7%. Solvency: 2.42x. Company focusing on profitable segments, exiting unprofitable health, building specialty lines (₹1,000 crore target). EOM regulatory reform expected.

Godrej Agrovet Q4 FY26: Revenue Crosses ₹10,000 Cr Milestone, FY26 PBT ₹569 Cr, FY27 Double-Digit Growth, Oil Palm Dividend — Good Sentiment

Godrej Agrovet crossed the ₹10,000 crore revenue milestone in FY26 with consolidated revenue of ₹10,233 crore. Q4 FY26 revenue: ₹2,333 crore. FY26 PBT (excluding exceptional): ₹569 crore. FFB processed: 6,37,000 tons (oil palm). FY27: early double-digit revenue growth, mid-teens PBT growth. Capex ₹350-400 crore FY27.

HFCL Q4 FY26: FY26 Revenue ₹4,949 Cr +21.8%, Order Book ₹21,200 Cr (58% Export), $1.1 Bn Hyperscaler Contract, Defence Expansion — Great Sentiment

HFCL delivered FY26 revenue of ₹4,949.27 crore (+21.8% YoY) with Q4 revenue of ₹1,824.12 crore. PAT: ₹329.44 crore (FY26). Order book: ₹21,200 crore (58% export). Key milestones: $1.1 billion hyperscaler contract, defence order book ₹2,230 crore post-acquisition, preform facility ₹580 crore. FY27 guidance: 20-25% revenue growth, 3-4% EBITDA margin expansion.

Indus Infra Trust Q4 FY26: DPU ₹13.50 Beats Guidance, FY27 DPU ₹14+, AUM ₹9,400 Cr, FY27 Target ₹17,500-18,000 Cr — Good Sentiment

Indus Infra Trust (INDUSINVIT) reported Q4 FY26 DPU of ₹3.50 per unit (FY26 total ₹13.50, beating guidance of ₹12.50). AUM: ₹9,400+ crore across 13 assets. FY27 minimum DPU guidance: ₹14 per unit. FY27 AUM target: ₹17,500-18,000 crore. Equity raise planned ₹3,800-4,000 crore. 10-11 assets to be acquired in FY27.

Indus Towers Q4 FY26: FY26 Revenue ₹32,500 Cr +7.9%, PAT ₹7,140 Cr, FCF ₹3,760 Cr, Dividend ₹14/Share, 531K 5G BTS — Good Sentiment

Indus Towers reported FY26 revenue of ₹32,500 crore (+7.9% YoY) and Q4 PAT of ₹1,790 crore. FY26 PAT: ₹7,140 crore. Free cash flow FY26: ₹3,760 crore. Dividend: ₹14/share. 264,500 macro towers, 428,000 co-locations, tenancy ratio 1.62. 5G BTS installed base: 531,000. ROCE: 20.2%. Co-location additions are the key revenue driver.

Mahindra & Mahindra Q4 FY26: PAT ₹3,767 Cr +42%, Revenue +29%, Net Cash ₹41,000 Cr, AI Revenue Target ₹4,100 Cr — Good Sentiment

Mahindra & Mahindra (M&M) reported Q4 FY26 PAT of ₹3,767 crore (+42% YoY) and revenue growth of +29% YoY. FY26 PAT: ₹17,099 crore (+35%). Net cash generation FY26: ₹16,000 crore; cash balance after dividend: ₹41,000 crore. Auto PBIT +50% YoY. Farm volumes +36%. FY27: SUV growth mid-to-high teens, tractor +5%, LCV high single digits. AI revenue target FY27: ₹4,100 crore.

Polycab India Q4 FY26: Record FY26 Revenue ₹28,500 Cr +29%, Market Share 30-31%, FMEG +47%, Net Cash ₹4,190 Cr — Good Sentiment

Polycab India reported record FY26 revenue of ₹28,500 crore (+29% YoY), led by Wires & Cables (+30%) and FMEG (+47%). Market share in organised Wires & Cables: 30-31%. EBITDA margin: 13.9%. PAT FY26: ₹2,700 crore. Net cash: ₹4,190 crore. FY27 capex: ₹1,200-1,600 crore. Long-term EBITDA margin guidance: 11-13%.

Quess Corp Q4 FY26: FY26 Revenue ₹15,305 Cr, EBITDA +19%, PAT +10%, Professional Staffing 50% Profitability, 4.78 Lakh Headcount — Good Sentiment

Quess Corp reported FY26 revenue of ₹15,305 crore (+2% YoY) with EBITDA growing +19% YoY. Q4 revenue: ₹3,892 crore (+6% YoY). FY26 PAT (adjusted): ₹250 crore (+10%). Net cash: ₹271 crore. Professional staffing and overseas businesses now contribute 50% of profitability. FY27 professional staffing guidance: 12-13% revenue growth. Headcount: 4,78,594.

RR Kabel Q4 FY26: Highest-Ever Revenue ₹9,722 Cr, PAT ₹492 Cr +58%, FMEG Break-Even FY27, EBITDA +61.8% — Good Sentiment

RR Kabel reported highest-ever FY26 revenue of ₹9,722.4 crore with EBITDA growth of 61.8% YoY and PAT of ₹492.2 crore (+58% YoY). Wires & Cables revenue: ₹8,763.7 crore. FMEG revenue: ₹958.6 crore. FY27 targets: W&C volume growth 16-18%, FMEG 20-25%. FMEG break-even in FY27. Capex programme ₹1,200 crore (FY26-FY28).

Tata Technologies Q4 FY26: Revenue ₹1,572 Cr, 12.4% CC Growth, FY27 Double-Digit Organic Growth, 18%+ EBITDA Exit Rate — Great Sentiment

Tata Technologies reported Q4 FY26 revenue of ₹1,572 crore with 12.4% constant currency revenue growth. Services revenue: ₹1,220 crore. Net cash: ₹1,188 crore. Free cash flow FY26: ₹742 crore. FY27 guidance: double-digit organic CC growth, 18%+ operating margin exit rate. Full Vehicle Programs — 2 more wins expected in 8-12 weeks.

Usha Martin Q4 FY26: FY26 Revenue ₹3,691 Cr, EBITDA Margin 21.6% Record, Net Cash ₹332 Cr, FCF ₹457 Cr — Good Sentiment

Usha Martin reported FY26 revenue of ₹3,691 crore with a record operating EBITDA margin of 21.6% in Q4. FY26 PAT: ₹491 crore (continuing operations). Free cash flow: ₹457 crore. Net cash position: ₹332 crore. EBITDA per ton: ₹39,500 (Q4). Rope capacity: 1,40,000 tons. FY27 guidance: 10-12% volume growth, sustained ~20% EBITDA margin.

Waaree Energies Q4 FY26: FY26 Revenue ₹26,537 Cr +84%, PAT ₹3,884 Cr +101%, Order Book ₹53,000 Cr, 26 GW Capacity — Good Sentiment

Waaree Energies delivered FY26 revenue of ₹26,537 crore (+83.7% YoY) and PAT of ₹3,884 crore (+100.6% YoY). Operating EBITDA: ₹5,909 crore (22.27% margin). Order book: ₹53,000 crore. Module manufacturing capacity: ~26 GW. ROCE: 32.4%. FY27 EBITDA guidance: ₹7,000-7,700 crore. US manufacturing and non-Chinese status provide a global trade war moat.

Websol Energy Q4 FY26: FY26 Revenue ₹1,049 Cr +82%, EBITDA ₹429 Cr 41% Margin, ROCE 66%, 4 GW Phase 3 Expansion — Great Sentiment

Websol Energy System (WEBELSOLAR) reported FY26 record revenue of ₹1,049 crore (+82% YoY) and Q4 revenue of ₹401 crore (+132% YoY). FY26 EBITDA: ₹429 crore (41% margin). FY26 PAT: ₹303 crore (+96% YoY). ROCE: 66%. Cell capacity: 1.2 GW at >90% utilisation. Order book: ₹1,161 crore. Capex: TOPCon upgrade ₹250-270 cr, Phase 3 4 GW facility ₹2,800-3,000 cr.

Adani Power Q4 FY26: EBITDA ₹6,498 Cr +27%, PAT ₹4,271 Cr +64%, 18.15 GW, 42 GW FY32 Target — Good Sentiment

Adani Power reported Q4 FY26 EBITDA of ₹6,498 crore (+27% YoY) and PAT of ₹4,271 crore (+64% YoY). FY26 full-year PAT was ₹12,971 crore. Operating capacity: 18.15 GW with 95% tied up under long/medium-term PPAs. FY30-31 EBITDA target: ₹50,000 crore. Capacity target: 42 GW by FY31-32. Capex: ₹25,000 crore FY26-27, ₹33,000 crore FY27-28.

Bajaj Finserv Q4 FY26: Consolidated Income ₹38,508 Cr, Bajaj Finance AUM ₹5.1 Lakh Cr, Allianz Stake Buyback ₹2,790 Cr — Good Sentiment

Bajaj Finserv reported FY26 consolidated income of ₹38,508 crore with Q4 PAT of ₹2,539 crore. Bajaj Finance AUM: ₹5,09,975 crore. General Insurance GWP: ₹4,322 crore. Life Insurance VNB: ₹709 crore. Allianz stake buyback: GI ₹1,590 crore + Life ₹1,200 crore. Finserv Markets targeting break-even by FY27 end.

Five Star Business Finance Q4 FY26: Collection Efficiency Best-Ever 98.1%, PAT ₹1,099 Cr FY26, 20% AUM Growth FY27 — Good Sentiment

Five-Star Business Finance reported record collection efficiency of 98.1% (unique) and 99.3% (x-bucket) in Q4 FY26 — best-ever levels. FY26 PAT: ₹1,099 crore. AUM approximately ₹13,000 crore. FY26 disbursements: ₹4,675 crore with Q4 disbursements ₹1,213 crore. ADB loan: $100 million (first institutional validation). FY27 guidance: 20% AUM growth, credit cost 1.7-1.75%.

HUL Q4 FY26: Best Revenue Growth in 12 Quarters, CRG +8%, EBITDA Margin 23.7%, Dividend ₹41/Share — Good Sentiment

Hindustan Unilever (HUL) delivered its best quarterly revenue growth in 12 quarters in Q4 FY26: CRG (Constant Rate Growth) +8%, USG (Underlying Sales Growth) +7%, UVG (Underlying Volume Growth) +6%. FY26 revenue: ₹63,763 crore. Q4 PAT: ₹2,711 crore. EBITDA margin: 23.7%. Full-year dividend: ₹41/share. Material cost inflation 8-10%; price increases 2-5% partially offsetting.

Indegene Q4 FY26: Revenue Crosses ₹1,000 Cr Quarter Milestone, FY26 ₹3,511 Cr +23.6%, Free Cash Flow ₹607 Cr — Good Sentiment

Indegene crossed the ₹1,000 crore quarterly revenue milestone in Q4 FY26. FY26 revenue was ₹3,511 crore (+23.6% YoY). Adjusted EBITDA ₹679 crore (19.3% margin). Free cash flow ₹607 crore. Cash and investments: ₹1,539 crore. Adjusted PAT ₹458 crore. FY27: EBITDA margin recovery in H2; AI-driven pharma services growing.

MAS Financial Services Q4 FY26: AUM Crosses ₹15,000 Cr, +19% YoY, GNPA 2.57%, ROA Growing, Vision 2036 ₹1 Lakh Cr AUM — Good Sentiment

MAS Financial Services crossed the ₹15,000 crore AUM milestone in FY26. AUM grew 19% YoY to ₹15,304 crore. Consolidated full-year PAT grew 20%+ YoY. GNPA: 2.57%, NNPA: 1.70%. Capital adequacy: 22.84%. FY27 guidance: 20-25% AUM growth, credit cost 1-1.25%. Long-term Vision 2036: ₹1 lakh crore AUM (6.5x current).

Leela Palaces Q4 FY26: Revenue ₹1,527 Cr +15%, EBITDA Margin 49%, PAT ₹403 Cr 8.5x YoY, ADR ₹32,000 — Good Sentiment

Leela Palaces Hotels & Resorts reported FY26 revenue of ₹1,527 crore (+15% YoY) with EBITDA margin of 49% (+167 bps). PAT surged 8.5x YoY to ₹403 crore. ADR (Average Daily Rate) ₹32,000 (+15% YoY). Occupancy: 69%. RevPAR index: 150 (11-point market share gain). Net debt/EBITDA: 1.6x. FY27 Q1 guidance: double-digit revenue growth.

ABSL AMC Q4 FY26: FY26 Revenue ₹1,845 Cr +9.5%, Q4 Operating Profit ₹252 Cr, 85% Equity Funds Outperforming — Good Sentiment

Aditya Birla Sun Life AMC (ABSL AMC) reported FY26 revenue of ₹1,845 crore (+9.5%) and Q4 operating profit of ₹252 crore (+8.2%). Q4 PAT of ₹187 crore was impacted by MTM equity losses. Key structural metric: 85% of equity funds outperforming benchmarks. Monthly equity inflows trending 'much higher' than ₹250-300 crore. TER impact from SEBI changes passed through to distributors — neutral P&L effect.

Mahindra Lifespace Q4 FY26: FY26 Pre-sales ₹3,405 Cr, PAT +5x YoY ₹298 Cr, Net Cash ₹1,127 Cr, FY27 Target ₹4,500-5,000 Cr — Good Sentiment

Mahindra Lifespace reported FY26 residential pre-sales of ₹3,405 crore with PAT up ~5x YoY to ₹298 crore. Net cash position at ₹1,127 crore (Group). Operating cash flow ₹840 crore. Q4 pre-sales ₹1,633 crore. FY27 guidance: pre-sales ₹4,500-5,000 crore, launch GDV pipeline of ₹10,000 crore. Mitsui partnership deepening. IC&IC leasing targeting ₹400-500 crore annually.

Mahindra Logistics Q4 FY26: Return to PAT Profitability, Revenue ₹1,791 Cr +14%, Express MESPL Turnaround, eCommerce ₹1,000 Cr — Good Sentiment

Mahindra Logistics returned to consolidated PAT profitability in Q4 FY26 — the first time in two years — with PAT of ₹20.2 crore. Q4 revenue grew 14% YoY to ₹1,791 crore. FY26 annual revenue was ₹6,999 crore. The Express business (MESPL) grew 25% YoY revenue to ₹449 crore. eCommerce logistics crossed ₹1,000 crore annualised. FY27 target: 95% reduction in 'white space' (unfilled capacity) by September 2026.

Motherson Sumi Wiring Q4 FY26: Revenue Crosses ₹10,000 Cr Milestone, Q4 +33% YoY, Greenfield ₹400 Cr Quarter — Good Sentiment

Motherson Sumi Wiring India (MSWIL) crossed ₹10,000 crore in annual revenue for the first time in FY26. Q4 FY26 revenue grew 33% YoY. Greenfield plants delivered ₹400+ crore revenue in Q4. The company is winning orders across ICE, EV, and hybrid powertrains. Near-term margins face headwinds from copper price lag (18% QoQ spike) and greenfield startup costs of ₹127 crore annually.

Skipper Q4 FY26: Record Revenue ₹1,666 Cr +29%, FY26 PAT ₹207 Cr +70%, Order Book ₹8,502 Cr — Good Sentiment

Skipper Limited reported its highest-ever quarterly revenue of ₹1,666 crore in Q4 FY26 (+29.4% YoY). FY26 PAT grew 70% to ₹207 crore with EBITDA margin expanding to 10.3%. Order book reached a record ₹8,502 crore. FY27 guidance: 15% revenue growth, 30% PAT growth. Capacity expanding to 450,000 tons by June 2026. Bidding pipeline ₹33,000 crore.

Sterlite Technologies Q4 FY26: Revenue +37% YoY, Order Book ₹7,309 Cr, EBITDA Margin 20% Target, Data Centers 30% of Revenue FY27 — Good Sentiment

Sterlite Technologies (STL) delivered strong Q4 FY26 with revenue +37% YoY to ₹1,441 crore, record order book of ₹7,309 crore (+67% FY26 YoY), and EBITDA margin expanding to 15.1%. FY27 targets: EBITDA margin 20%, data centre revenue 30% of total. US tariff moderation (50% → 15%) is a near-term tailwind.

Sterling Wilson Solar Q4 FY26: Order Book ₹11,813 Cr Record, FY26 Revenue ₹7,548 Cr, Q4 PAT ₹142 Cr, FY27 +15% Revenue — Good Sentiment

Sterling and Wilson Solar (SWSOLAR) reported FY26 revenue of ₹7,548 crore with record unexecuted order book of ₹11,813 crore. Q4 FY26 PAT was ₹142 crore. FY26 annual net loss of ₹296 crore was due to ₹611 crore exceptional items (US litigation). FY27 guidance: 15% revenue growth, 8-10% gross margins. Domestic order inflow +30% YoY. India solar market share ~15%.

Unicommerce Q4 FY26: Revenue +51.6% FY26 to ₹204 Cr, EBITDA +54.5%, 450+ Enterprise Clients, AI Products Launching — Good Sentiment

Unicommerce reported FY26 revenue of ₹204.3 crore (+51.6% YoY) and adjusted EBITDA of ₹43.9 crore (+54.5%). Enterprise client base reached 450+ in FY26 (149 added in Q4 alone). Q4 FY26 revenue was ₹51.6 crore (+14% YoY). Investing in AI products (UniBot, ShipSense, Catalyst), sales force, and international expansion. Near-term margins under pressure from planned investments; full-year FY27 expected to be more profitable.

Union Bank of India Q4 FY26: Net Profit ₹18,697 Cr FY26, CASA +270 bps to 35.21%, CRAR 18.10%, Credit Growth 13-14% FY27 — Good Sentiment

Union Bank of India reported FY26 net profit of ₹18,697 crore, CASA improving 270 bps to 35.21%, and recovery of ₹1,567 crore from written-off accounts including ₹658 crore from Sterling Biotech. CRAR at 18.10%, CET1 at 15.69%. FY27 guidance: 13-14% credit growth, credit cost ~1%, NIM stabilising from 2.64%.

Vardhman Special Steels Q4 FY26: Record PAT ₹122 Cr, Volume 225,000 Tons, EBITDA ₹8,000-11,000/Ton FY27, Forging Entry — Good Sentiment

Vardhman Special Steels (VSSL) delivered record financial performance in FY26: highest-ever volumes at 225,000 tons and record net profit of ₹122 crore. FY27 EBITDA guidance raised to ₹8,000-11,000 per ton (from ₹8,000-10,000). Volume growth target: 11-13% FY27. Long-term strategic plan: enter forgings (Q3 FY28), greenfield steel plant (July 2029), Aichi increased stake to 24.9%.

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