Last updated: April 18, 2026. This page tracks Q4 FY26 (January–March 2026) results as they are announced.
Track results live → StockMirror Market Calendar
Season Scoreboard
| Status | Companies |
|---|---|
| ✅ Reported with call | TCS, HCL Tech, Wipro, Anand Rathi Wealth |
| 📋 Results done, call pending | HDFC Bank |
| 🔜 This week (Apr 21–25) | Infosys, Reliance, Tech Mahindra, L&T Technology Services, Persistent Systems, Tata Elxsi, Havells, SBI Life |
| 📅 Coming soon | Maruti Suzuki, HUL, UltraTech Cement, Adani Ports, Mphasis |
Reported — Key Numbers
TCS Q4 FY26 — April 15
India's largest IT company delivered a landmark quarter.
| Metric | Q4 FY26 | YoY |
|---|---|---|
| Revenue | ₹70,698 crore | +4.5% |
| Operating margin | 25.3% | +80 bps |
| Deal TCV (total) | $12.2 billion | Record |
| AI TCV | $2.3 billion | — |
What stood out: The $12.2B TCV is a record. Management called out AI as a structural demand driver — not a one-quarter event. Margin at 25.3% is a 4-year high. The question for FY27: can volume growth accelerate to match the deal pipeline?
HCL Technologies Q4 FY26 — April 14
| Metric | Q4 FY26 | YoY |
|---|---|---|
| Revenue | ₹30,246 crore | +8.4% |
| EBIT margin | 18.4% | +40 bps |
| FY27 guidance | 4.5–5% CC | — |
What stood out: Among the first Tier-1 IT companies to provide FY27 guidance — 4.5–5% CC growth, signalling steady but not accelerating demand. Products & Platforms (HCL Software) remains the margin engine. ER&D services growth is a key metric to watch through FY27.
Full HCL Tech Q4 FY26 analysis →
Wipro Q4 FY26 — April 17
| Metric | Q4 FY26 | YoY |
|---|---|---|
| IT Services revenue | $2.65 billion | -0.2% CC |
| Full year revenue | $10.5 billion | -1.6% |
| Operating margin | 17.3% | -30 bps QoQ |
| Order booking | $3.5 billion | +3.2% QoQ |
| Buyback | ₹15,000 crore | — |
What stood out: The ₹15,000 crore buyback at ₹250/share (5.7% of equity) is the headline. Revenue declined for the full year — the BFSI client issue in Americas 2 and delayed deal ramps were the primary drags. Q1 FY27 guided at -2% to 0% CC — Wipro enters FY27 in recovery mode. The "Wipro Intelligence" AI-native pivot is the medium-term story.
HDFC Bank Q4 FY26 — April 18
Results declared. Earnings call pending — AI analysis will follow once the transcript is processed.
This Week — April 21–25
The biggest week of the Q4 FY26 season. Infosys and Reliance — India's most-watched IT company and largest company by market cap — both report.
Full week preview → Earnings This Week: April 21–25, 2026
The Numbers Everyone Is Watching
Infosys FY27 guidance (April 23): In Q3 FY26, Infosys guided 4.5–5% CC for FY26. The Q4 result confirms full-year performance. The critical question: what does FY27 guidance say about enterprise IT demand recovery? A 6–8% guide signals confidence; 4–6% signals more of the same.
Reliance Q4 EBITDA and Jio ARPU (April 24): Three moving parts — Jio ARPU trajectory post tariff hikes, Retail recovery (Q3 showed early signs), and O2C margins under global crude volatility. The board dividend announcement will also move the stock.
Tech Mahindra turnaround (April 22): Is revenue growth YoY positive? Are margins expanding structurally? Two years into CEO Mohit Joshi's transformation plan, Q4 is a reality check.
Season Schedule — April & May
Week 1: April 14–18 ✅
| Company | Date | Status |
|---|---|---|
| HCL Technologies | Apr 14 | ✅ Results + call done |
| TCS | Apr 15 | ✅ Results + call done |
| Anand Rathi Wealth | Apr 15 | ✅ Results + call done |
| Wipro | Apr 17 | ✅ Results + call done |
| Nuvoco Vistas | Apr 17 | ✅ Results done |
| HDFC Bank | Apr 18 | 📋 Results done, call pending |
Week 2: April 21–25 🔜
| Company | Date | Key Watch |
|---|---|---|
| Persistent Systems | Apr 21 | Revenue growth momentum — fastest-growing mid-cap IT |
| Tata Elxsi | Apr 21 | Auto ER&D slowdown exposure |
| 360 ONE WAM | Apr 21 | AUM growth + margin |
| Tech Mahindra | Apr 22 | Turnaround — YoY revenue positive? |
| L&T Technology Services | Apr 22 | Auto + aerospace ER&D bellwether |
| Havells India | Apr 22 | Summer demand — fans, ACs, ECD division |
| SBI Life Insurance | Apr 22 | New Business Premium, VNB margin |
| Tata Communications | Apr 22 | Enterprise data services growth |
| Infosys | Apr 23 | FY27 guidance — the season's most-watched number |
| Cyient | Apr 23 | Defence + aerospace order flows |
| UTI AMC | Apr 23 | AUM + profitability in strong market |
| Reliance Industries | Apr 24 | Jio ARPU, Retail, O2C, dividend |
| Zensar Technologies | Apr 24 | North America revenue recovery |
| Tanla Platforms | Apr 24 | Enterprise messaging volume + margin |
| Adani Green Energy | Apr 24 | Capacity addition vs target |
Week 3: April 27–30 📅
| Company | Date | Key Watch |
|---|---|---|
| UltraTech Cement | Apr 27 | Volume growth + cost per tonne |
| Adani Total Gas | Apr 27 | CNG volume + margins |
| Castrol India | Apr 28 | Premium lubricant mix shift |
| Dalmia Bharat | Apr 28 | Expansion capex + utilisation |
| Maruti Suzuki | Apr 28 | CNG/EV mix, export trajectory |
| Federal Bank | Apr 29 | NIM trajectory + deposit costs |
| Mphasis | Apr 29 | DXC channel + direct client growth |
| Adani Power | Apr 29 | Capacity utilisation + merchant prices |
| HUL | Apr 30 | Volume recovery in urban consumption |
| Adani Ports | Apr 30 | Cargo volume + Mundra throughput |
| ACC | Apr 30 | Cement volume + energy cost trends |
Sector Themes to Watch
IT Services
Three quarters after the demand slowdown began, Q4 FY26 is the first quarter where deal TCV (TCS $12.2B record) and management commentary suggests a genuine inflection. The question is execution — does Q1 FY27 revenue start reflecting the deal wins? Infosys' FY27 guidance will set the tone.
Companies reporting: Infosys (Apr 23), Persistent Systems (Apr 21), Tech Mahindra (Apr 22), L&T Technology Services (Apr 22), Tata Elxsi (Apr 21), Cyient (Apr 23), Zensar (Apr 24)
Banking & Financial Services
HDFC Bank has already reported — the earnings call will provide colour on loan growth and NIM. Federal Bank (Apr 29) is a key mid-cap banking read. Strong equity markets through Q4 FY26 will benefit AMCs (UTI, Nippon Life) and wealth managers (Anand Rathi, 360 ONE WAM).
Companies reporting: HDFC Bank (call pending), UTI AMC (Apr 23), Federal Bank (Apr 29), SBI Life (Apr 22)
Industrials & Cement
UltraTech (Apr 27) and ACC (Apr 30) report in the same week — the back-to-back read will give a clear sector picture. Maruti Suzuki (Apr 28) is the passenger vehicle read. Strong infrastructure spending should support Adani Ports (Apr 30) volumes.
Consumer
Havells (Apr 22) is the summer demand bellwether — Q4 is the most important quarter for ECD (fans, ACs). HUL (Apr 30) will confirm whether the urban consumption recovery management flagged in Q3 held through Q4.
Key Signals to Follow
Management Confidence Across IT
After Q3 FY26, StockMirror's AI analysis showed:
- TCS: High confidence — "$12B TCV is not a single-quarter event"
- Wipro: Neutral — cautious on near-term, confident on transformation
- HCL Tech: High confidence — products business providing earnings stability
Q4 adds Infosys and Tech Mahindra to complete the Tier-1 IT picture.
Deal TCV vs Revenue Realisation
The gap between announced deals and revenue showing up in results is the key Q4 FY26 tension across IT. TCS' record TCV ($12.2B) should translate to FY27 revenue acceleration — but by how much and when?
Follow Every Earnings Call Live
As each company reports, StockMirror processes the earnings call transcript and publishes AI analysis covering:
- Management Sentiment and Confidence signals
- Revenue driver breakdown (Volume / Price / Mix / Execution)
- Full Q&A tone analysis — direct, confident, or evasive
- All analyst questions and management answers
Open the Market Calendar → live Q4 FY26 tracker
Related Articles
- TCS Q4 FY26 Results — $12B TCV Record
- HCL Tech Q4 FY26 Results
- Wipro Q4 FY26 Results — ₹15,000 Cr Buyback
- Earnings This Week: April 21–25, 2026
- India Stock Market Earnings Calendar Guide
Disclaimer: Earnings dates sourced from NSE/BSE announcements and company filings, subject to change. Financial data from company-reported results and earnings call transcripts. Not financial advice.