Q4 Earnings Snapshot 2026 – Winners, Surprises & Misses Revealed!

Verdict

ICICI Bank delivered a steady quarter with earnings beating estimates supported by healthy NII growth and further improvement in asset quality. The continued decline in GNPA and NNPA reflects strong underwriting discipline, while profit growth remains stable despite a mature credit cycle. Overall, results remain operationally strong and reassuring for long-term investors.

Verdict

HDFC Bank delivered a steady Q4 FY26 performance with net profit beating estimates and asset quality improving supported by lower provisions. However, NII growth remained modest and below expectations, indicating margin pressure post-merger normalization. Overall, results reflect stable fundamentals with gradual balance-sheet strengthening, but not a strong earnings surprise quarter.

Verdict

Yes Bank delivered a strong profitability-led quarter with ~45% YoY growth in net profit and continued improvement in asset quality (GNPA and NNPA declining). Higher sequential provisions remain a watchpoint, but overall numbers indicate stable recovery momentum and strengthening balance sheet trends.

Verdict

Network18 Media delivered healthy revenue growth and a sharp EBITDA recovery, especially on a sequential basis, indicating improving operating momentum in its broadcast and digital businesses. However, net losses widened QoQ, keeping overall profitability under pressure despite better operating performance.

Overall trend: Top-line improving | Operating leverage visible | Bottom-line still weak . Near-term re-rating depends on sustained margin expansion and a turnaround in net profit trajectory.

Verdict

Hathway Cable delivered modest revenue growth, but profitability remained under strong pressure both YoY and QoQ. Sharp declines in EBITDA, net profit, and EPS indicate margin compression and weaker operational efficiency. Overall trend suggests top-line stability but bottom-line stress, keeping near-term earnings outlook cautious

Verdict

Aditya Birla Money delivered a strong Q4 FY26 performance with triple-digit growth in net profit and steady expansion across revenue, EBITDA, and EPS. Healthy sequential improvement reflects strong brokerage activity and operating leverage benefits. Margin expansion and scalable business momentum support a constructive near-term outlook.

Verdict

Jio Financial delivered strong revenue and EBITDA growth on a yearly basis, reflecting expanding operations and improving scale. However, net profit and EPS declined YoY, indicating margin pressure or higher investments during the growth phase. Sequentially, performance remained stable with modest QoQ improvement, suggesting consolidation after earlier expansion. Overall trend remains growth-oriented but profitability normalization is still in progress.

Verdict

Mastek delivered strong year-on-year profit growth driven by margin improvement and operating leverage . However, quarter-on-quarter performance remained largely flat, with slight softness in EBITDA, PAT, and EPS indicating near-term consolidation after previous gains. Overall, results reflect steady revenue traction with improving profitability trend, supportive of a value-zone valuation profile at current PE levels.

Verdict

CRISIL delivered strong year-on-year growth across revenue and profitability, reflecting healthy demand in ratings, research, and analytics segments. However, sequential moderation in sales, EBITDA, and profit suggests some near-term normalization after a strong previous quarter. Overall, fundamentals remain stable with consistent margin strength and earnings visibility, supporting a positive medium-term outlook.