Infosys – Q4 FY26 Earnings Highlights 📊
| Metric | Actual | Estimate | Vs Estimate | QoQ Change | Miss / Beat |
|---|---|---|---|---|---|
| Net Profit | ₹8,501 Cr | ₹7,670 Cr | ▲ 10.8% | ▲ 27.8% (₹6,654 Cr) | Beat |
| Revenue (₹) | ₹46,402 Cr | ₹46,329 Cr | ▲ 0.2% | ▲ 2.0% (₹45,479 Cr) | Beat |
| Revenue ($) | $5,040 Mn | $5,087.8 Mn | ▼ 0.9% | ▼ 1.2% ($5,099 Mn) | Miss |
| EBIT | ₹9,743 Cr | ₹9,855 Cr | ▼ 1.1% | ▲ 2.8% (₹9,479 Cr) | Miss |
| EBIT Margin | 21.0% | 21.3% | ▼ 30 bps | ▲ 20 bps (20.8%) | Miss |
| CC Revenue Growth | -1.3% | 0.6% | ▼ Miss | — | Miss |
| Dividend | ₹25 / share | — | — | — | Positive |
Verdict
Infosys delivered a profit beat with stable margin improvement QoQ, but constant currency revenue growth disappointed and missed estimates, reflecting demand softness in key markets. While rupee revenue remained steady and profitability strengthened sequentially, weaker dollar revenue and CC growth indicate near-term growth pressure despite margin resilience. The ₹25 per share dividend announcement provides additional support for investors.
L&T Technology Services (LTM) – Q4 Results Highlights
| Metric | Actual | Vs Estimate | Estimate | QoQ Change | QoQ Base | Miss / Beat |
|---|---|---|---|---|---|---|
| Net Profit | ₹1,387.3 Cr | ▲ 0.9% | ₹1,375 Cr | ▲ 44.6% | ₹959.6 Cr | Beat |
| Revenue | ₹11,291.7 Cr | ▲ 1.2% | ₹11,155 Cr | ▲ 4.7% | ₹10,781 Cr | Beat |
| EBIT | ₹1,709.4 Cr | ▲ 0.7% | ₹1,697 Cr | ▼ 1.6% | ₹1,737 Cr | Beat |
| EBIT Margin | 15.10% | ▼ 0.10% | 15.20% | ▼ 1.00% | 16.10% | Miss |
Verdict
L&T Technology Services delivered a largely in-line Q4 performance with net profit, revenue, and EBIT marginally beating estimates. However, EBIT margin missed expectations and declined sequentially, indicating some pressure on operating efficiency despite strong QoQ profit growth. Overall, the quarter reflects stable execution with mild margin softness.
CIE Automotive – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹2,612 Cr | ▲ 15% | ₹2,273 Cr | ▲ 9% | ₹2,393 Cr |
| EBITDA | ₹402 Cr | ▲ 20% | ₹335 Cr | ▲ 20% | ₹335 Cr |
| Net Profit | ₹249 Cr | ▲ 20% | ₹206 Cr | ▲ 22% | ₹204 Cr |
| EPS | ₹6.57 | ▲ 21% | ₹5.44 | ▲ 22% | ₹5.39 |
| Exceptional Items | ₹1.31 Cr | — | ₹0.40 Cr | — | — |
Verdict
CIE Automotive delivered a strong quarter with consistent double-digit growth across revenue and profitability on both YoY and QoQ basis. EBITDA expansion matching revenue momentum indicates stable operating leverage, while higher net profit and EPS reflect improving earnings quality. Overall, results signal healthy execution across geographies and steady margin resilience, supporting a positive medium-term outlook. Exceptional items remained minimal and were ignored for YoY comparison as specified.
Choice International – Q4 FY26 Earnings Highlights
Price: ₹717 | M.Cap: ₹15,983 Cr | PE: 73.4×
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹307 Cr | ▲ 21% | ₹253 Cr | ▲ 1% | ₹303 Cr |
| EBITDA | ₹116 Cr | ▲ 20% | ₹96.2 Cr | ▲ 4% | ₹112 Cr |
| Net Profit | ₹67.8 Cr | ▲ 17% | ₹53.5 Cr | ▲ 3% | ₹65.6 Cr |
| EPS | ₹2.71 | ▲ 5% | ₹2.59 | ▲ 6% | ₹2.56 |
Verdict
Choice International delivered consistent year-on-year growth across revenue and profitability with stable margin expansion. However, muted quarter-on-quarter improvement indicates near-term normalization after strong previous momentum. At a premium valuation of ~73× PE, sustaining earnings acceleration and operating leverage will remain critical for further upside potential.
Indian Energy Exchange – Mar FY26 Earnings Highlights
Price: ₹127 | M.Cap: ₹11,316 Cr | PE: 23.0
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹174 Cr | ▲ 23% | ₹142 Cr | ▲ 19% | ₹146 Cr |
| EBITDA | ₹149 Cr | ▲ 23% | ₹121 Cr | ▲ 22% | ₹122 Cr |
| Net Profit | ₹130 Cr | ▲ 11% | ₹117 Cr | ▲ 9% | ₹119 Cr |
| EPS | ₹1.46 | ▲ 11% | ₹1.31 | ▲ 9% | ₹1.34 |
Verdict
Indian Energy Exchange delivered strong operational growth in Mar FY26 with robust year-on-year expansion across revenue and EBITDA, indicating healthy volume traction in power trading. Profit growth remained steady but slightly slower than operating growth, suggesting stable margins. Consistent quarter-on-quarter improvement across all key metrics signals sustained momentum, supporting a positive near-term earnings outlook ⚡📈
UTI AMC – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹390 Cr | ▲ 4% | ₹376 Cr | ▼ 25% | ₹517 Cr |
| EBITDA | ₹-12.1 Cr | ▼ 107% | ₹169 Cr | ▼ 104% | ₹302 Cr |
| Net Profit | ₹-51.4 Cr | ▼ 176% | ₹102 Cr | ▼ 137% | ₹138 Cr |
| EPS | ₹-5.19 | ▼ 176% | ₹6.83 | ▼ 155% | ₹9.41 |
| Exceptional Items | ₹-0.05 Cr | Ignored in YoY comparison | |||
Verdict
UTI AMC reported weak Q4 FY26 performance with a sharp swing to losses despite marginal YoY revenue growth. Profitability collapsed both QoQ and YoY, indicating pressure from operating costs, market-linked income volatility, or treasury/mark-to-market impact. The negative EBITDA and net loss highlight margin stress in the quarter, making near-term earnings visibility cautious unless equity market flows improve.
Cyient – Q4 FY26 Earnings Highlights
Valuation Snapshot: Price ₹936 | M.Cap ₹10,407 Cr | PE 21.8
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,927 Cr | ▲ 1% | ₹1,909 Cr | ▲ 4% | ₹1,848 Cr |
| EBITDA | ₹222 Cr | ▼ 26% | ₹298 Cr | ▼ 6% | ₹235 Cr |
| Net Profit | ₹65.5 Cr | ▼ 60% | ₹186 Cr | ▼ 33% | ₹97.2 Cr |
| EPS | ₹4.93 | ▼ 68% | ₹15.35 | ▼ 40% | ₹8.26 |
Verdict
Cyient reported largely flat revenue growth in Q4 FY26, while profitability weakened sharply with significant declines in EBITDA, net profit, and EPS on both YoY and QoQ basis. The results indicate continued margin pressure and subdued operational performance, suggesting near-term investor sentiment may remain cautious unless earnings recovery becomes visible in upcoming quarters.
Himadri Speciality Chemical – Q4 FY26 Earnings Highlights
Price: ₹536 | M.Cap: ₹27,061 Cr | PE: 36.0
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,288 Cr | ▲ 14% | ₹1,135 Cr | ▲ 9% | ₹1,184 Cr |
| EBITDA | ₹242 Cr | ▲ 4% | ₹233 Cr | ▼ 0.4% | ₹243 Cr |
| Net Profit | ₹208 Cr | ▲ 29% | ₹155 Cr | ▲ 8% | ₹192 Cr |
| EPS | ₹3.98 | ▲ 26% | ₹3.15 | ▲ 4% | ₹3.81 |
Verdict
Himadri Speciality Chemical delivered strong profit-led growth in Q4 FY26, with net profit rising sharply 29% YoY supported by improved realizations and operating leverage. Revenue growth remained healthy, though EBITDA stayed largely flat QoQ, indicating margin stability rather than expansion. Overall, the quarter reflects steady operational momentum with improving bottom-line strength, keeping the earnings trajectory positive.
Tata Capital – Mar 2026 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹8,160 Cr | ▲ 9% | ₹7,478 Cr | ▲ 2% | ₹7,976 Cr |
| EBITDA | ₹6,134 Cr | ▲ 13% | ₹5,406 Cr | ▲ 6% | ₹5,804 Cr |
| Net Profit | ₹1,466 Cr | ▲ 43% | ₹1,000 Cr | ▲ 16% | ₹1,265 Cr |
| EPS | ₹3.54 | ▲ 28% | ₹2.77 | ▲ 20% | ₹2.96 |
Verdict
Tata Capital delivered strong profitability-led growth in Mar 2026 with a sharp 43% YoY jump in net profit and steady improvement across operating metrics. Sequential momentum also remained healthy, indicating improving margins and lending traction. With consistent earnings expansion and valuation near ~30 PE, the outlook remains structurally positive though moderately priced for further rerating.
Tata Teleservices (Maharashtra) – Q4 FY26 Earnings Highlights
Price: ₹45.3 | M.Cap: ₹8,852 Cr
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹296 Cr | ▼ 4% | ₹308 Cr | ▲ 0.7% | ₹294 Cr |
| EBITDA | ₹163 Cr | ▲ 7% | ₹153 Cr | ▼ 6.9% | ₹175 Cr |
| Net Profit | ₹581 Cr | ▲ 73% | ₹-306 Cr | ▲ Turnaround | ₹-150 Cr |
| EPS | ₹2.97 | ▲ 289% | ₹-1.57 | ▲ Turnaround | ₹-0.77 |
Verdict
Tata Teleservices (Maharashtra) reported a strong profitability turnaround in Q4 FY26, with net profit and EPS shifting sharply into positive territory on both YoY and QoQ bases. EBITDA improved YoY but softened sequentially, while revenue remained slightly weak on a yearly basis. The sharp bottom-line improvement suggests the impact of cost optimization and exceptional gains, indicating improving financial stability, though sustainable revenue growth remains a key monitorable ahead. 🚀📊
Sterling & Wilson Renewable Energy – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,946 Cr | ▼ 23% | ₹2,519 Cr | ▼ 7% | ₹2,092 Cr |
| EBITDA | ₹146 Cr | ▲ 9% | ₹134 Cr | ▲ 118% | ₹67 Cr |
| Net Profit | ₹142 Cr | ▲ 143% | ₹55 Cr | ▲ 9,060% | ₹1.55 Cr |
| EPS | ₹5.76 | ▲ 143% | ₹2.37 | ▲ Sharp Recovery | ₹-0.12 |
Verdict
Sterling & Wilson Renewable Energy reported a mixed quarter with declining revenue on both YoY and QoQ basis, indicating execution or order-timing pressures. However, profitability improved sharply supported by strong margin expansion and turnaround from the weak December quarter. The sharp jump in net profit and EPS signals improving operational efficiency, though sustained rerating will depend on a recovery in topline growth.
Aditya Birla Sun Life AMC – Q4 FY26 Earnings Highlights
Price: ₹1,047 | M.Cap: ₹30,278 Cr | PE: 31.0
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹458 Cr | ▲ 7% | ₹429 Cr | ▼ 4% | ₹478 Cr |
| EBITDA | ₹266 Cr | ▲ 9% | ₹244 Cr | ▼ 8% | ₹290 Cr |
| Net Profit | ₹187 Cr | ▼ 18% | ₹228 Cr | ▼ 31% | ₹270 Cr |
| EPS | ₹6.48 | ▼ 18% | ₹7.91 | ▼ 31% | ₹9.33 |
Verdict
Aditya Birla Sun Life AMC reported moderate revenue and EBITDA growth on a year-on-year basis, indicating stable operating performance. However, the sharp decline in net profit and EPS both YoY and QoQ signals margin pressure and weaker profitability during the quarter. Overall, the results reflect operational resilience but earnings softness, which may keep near-term sentiment neutral unless AUM growth improves.
Rajesh Power Services Limited – FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹990 Cr | ▲ 30% | ₹759 Cr | ▲ 55% | ₹638 Cr |
| EBITDA | ₹113 Cr | ▲ 31% | ₹86.7 Cr | ▲ 35% | ₹83.9 Cr |
| Net Profit | ₹79.5 Cr | ▲ 32% | ₹60.5 Cr | ▲ 37% | ₹58.1 Cr |
| EPS | ₹44.14 | ▲ 31% | ₹33.58 | ▲ 37% | ₹32.24 |
| Exceptional Item | ₹-0.64 Cr | Ignored in YoY comparison | |||
Verdict
Rajesh Power Services delivered a robust FY26 performance with strong expansion across revenue, EBITDA, net profit, and EPS on both a year-on-year and sequential basis. The sharp QoQ acceleration signals improving execution strength and demand visibility. Overall, the results reflect positive business momentum and a strengthening profitability outlook.
Bharat Coking Coal – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹3,283 Cr | ▼ 15% | ₹3,866 Cr | ▼ 5% | ₹3,469 Cr |
| EBITDA | ₹-335 Cr | ▼ 641% | ₹61.9 Cr | ▼ 1,094% | ₹33.7 Cr |
| Net Profit | ₹27.3 Cr | ▼ 59% | ₹66.5 Cr | ▲ Turnaround | ₹-22.9 Cr |
| EPS | ₹0.06 | ▼ 100% | ₹14.28 | ▲ Turnaround | ₹-0.05 |
Verdict
Bharat Coking Coal reported a weak Q4 FY26 performance, with sharp year-on-year declines in sales, EBITDA, and profitability. The company slipped into negative EBITDA, indicating margin pressure and operational stress. However, net profit turned positive sequentially, suggesting partial recovery on a QoQ basis. Overall, the quarter reflects significant earnings deterioration despite short-term sequential improvement.
