Reliance Infra – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹4,001 Cr | ▼ 3% | ₹4,108 Cr | ▼ 7% | ₹4,297 Cr |
| EBIDT | -₹721 Cr | ▼ 5145% | ₹14.3 Cr | ▼ 268% | ₹429 Cr |
| Net Profit | ₹1,640 Cr | ▼ 71% | ₹8,262 Cr | ▲ 417% | ₹317 Cr |
| EPS | ₹22.47 | ▼ 80% | ₹110.75 | ▲ 8222% | ₹0.27 |
Verdict
Reliance Infra reported weak operational performance in Q4 FY26 with revenue decline and a sharp deterioration in EBITDA, slipping into an operating loss. However, net profit improved significantly on a quarter-on-quarter basis despite remaining sharply lower year-on-year, indicating the impact of exceptional or non-operating gains. Overall, the quarter reflects operational stress but improved bottom-line recovery sequentially.
Anupam Rasayan – Q4 FY26 Earnings Highlights
Price: ₹1,366 | M.Cap: ₹15,553 Cr | PE: 91.4
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹636 Cr | ▲ 27% | ₹500 Cr | ▲ 24% | ₹512 Cr |
| EBIDT | ₹137 Cr | ▼ 5% | ₹144 Cr | ▲ 8% | ₹127 Cr |
| Net Profit | ₹56.0 Cr | ▼ 11% | ₹62.9 Cr | ▼ 8% | ₹60.6 Cr |
| EPS | ₹3.75 | ▼ 7% | ₹4.05 | ▼ 13% | ₹4.31 |
Verdict
Anupam Rasayan reported strong revenue growth in Q4 FY26 driven by healthy business momentum and demand expansion. However, profitability remained under pressure as EBITDA, net profit, and EPS declined on a year-on-year basis, indicating margin compression. On a sequential basis, sales and EBITDA improved, but earnings remained weak, reflecting continued cost pressures despite operational recovery.
Rainbow Children’s Medicare – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹460 Cr | ▲ 24% | ₹370 Cr | ▲ 3% | ₹445 Cr |
| EBIDT | ₹145 Cr | ▲ 26% | ₹115 Cr | ▼ 1% | ₹147 Cr |
| Net Profit | ₹78.2 Cr | ▲ 39% | ₹56.6 Cr | ▲ 6% | ₹73.9 Cr |
| EPS | ₹7.59 | ▲ 37% | ₹5.55 | ▲ 6% | ₹7.14 |
Verdict
Rainbow Children’s Medicare delivered a strong Q4 FY26 performance with healthy growth across revenue, EBITDA, profit, and EPS on a year-on-year basis. Profit growth remained significantly ahead of revenue growth, reflecting operating leverage and improved efficiency. While EBITDA saw a marginal sequential decline, net profit and EPS continued to improve QoQ, indicating stable business momentum and strong demand in the pediatric healthcare segment.
HBL Engineering – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹604 Cr | ▲ 27% | ₹476 Cr | ▼ 31% | ₹874 Cr |
| EBIDT | ₹74.7 Cr | ▼ 6% | ₹79.5 Cr | ▼ 75% | ₹302 Cr |
| Net Profit | ₹63.7 Cr | ▲ 44% | ₹44.8 Cr | ▼ 71% | ₹220 Cr |
| EPS | ₹2.30 | ▲ 42% | ₹1.62 | ▼ 71% | ₹7.96 |
Verdict
HBL Engineering reported strong year-on-year growth in revenue, net profit, and EPS during Q4 FY26, reflecting continued business expansion and healthy profitability over last year’s base. However, the quarter witnessed a sharp sequential decline across EBITDA, net profit, and EPS compared to the exceptionally strong Dec 2025 quarter, indicating normalization in margins and earnings. Despite QoQ softness, the company maintained solid YoY growth momentum.
JK Cement – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹3,888 Cr | ▲ 9% | ₹3,581 Cr | ▲ 12% | ₹3,463 Cr |
| EBIDT | ₹682 Cr | ▼ 11% | ₹765 Cr | ▲ 22% | ₹557 Cr |
| Net Profit | ₹331 Cr | ▼ 8% | ₹361 Cr | ▲ 90% | ₹174 Cr |
| EPS | ₹43.08 | ▼ 8% | ₹46.64 | ▲ 91% | ₹22.60 |
Verdict
JK Cement reported healthy revenue growth in Q4 FY26 supported by demand momentum and improved sequential performance. While EBITDA and net profit declined on a year-on-year basis due to margin pressure, the company showed strong quarter-on-quarter recovery with sharp improvement in profitability and EPS. The results indicate stabilizing operational performance, though profitability margins remain below last year’s levels.
NTPC – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹49,688 Cr | ▼ 0% | ₹49,834 Cr | ▲ 8% | ₹45,846 Cr |
| EBIDT | ₹8,507 Cr | ▼ 42% | ₹14,754 Cr | ▼ 42% | ₹14,570 Cr |
| Net Profit | ₹10,615 Cr | ▲ 38% | ₹7,897 Cr | ▲ 90% | ₹5,597 Cr |
| EPS | ₹10.81 | ▲ 38% | ₹7.85 | ▲ 91% | ₹5.66 |
Verdict
NTPC reported a mixed Q4 FY26 performance with flat revenue growth and a sharp decline in EBITDA both YoY and QoQ, indicating pressure on operating margins. However, net profit and EPS witnessed strong growth due to likely exceptional gains, improved other income, or lower tax impact. The sharp jump in profitability despite weak operating performance suggests investors may focus closely on sustainability of earnings in coming quarters.
Sarda Energy & Minerals – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,254 Cr | ▲ 1% | ₹1,239 Cr | ▼ 2% | ₹1,276 Cr |
| EBIDT | ₹348 Cr | ▲ 28% | ₹271 Cr | ▲ 12% | ₹311 Cr |
| Net Profit | ₹155 Cr | ▲ 46% | ₹100 Cr | ▼ 18% | ₹190 Cr |
| EPS | ₹4.48 | ▲ 46% | ₹3.07 | ▼ 17% | ₹5.40 |
Verdict
Sarda Energy reported a mixed Q4 FY26 performance with strong year-on-year growth in EBITDA, net profit, and EPS despite largely flat revenue growth. Margin expansion supported profitability improvement, reflecting better operational efficiency and favorable business mix. However, on a sequential basis, sales and profitability moderated from the previous quarter, indicating some near-term softness after a strong December quarter. Overall, the company maintained healthy earnings growth with solid operating performance.
Mawana Sugars – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹374 Cr | ▲ 9% | ₹343 Cr | ▲ 2% | ₹367 Cr |
| EBIDT | ₹87.7 Cr | ▼ 1% | ₹88.8 Cr | ▲ 215% | ₹27.8 Cr |
| Net Profit | ₹62.8 Cr | ▲ 2% | ₹61.7 Cr | ▲ 1498% | ₹3.93 Cr |
| EPS | ₹16.06 | ▲ 2% | ₹15.77 | ▲ 1506% | ₹1.00 |
Verdict
Mawana Sugars reported stable Q4 FY26 performance with healthy revenue growth and sharp sequential improvement in profitability. EBITDA remained largely flat on a YoY basis, while net profit and EPS surged significantly QoQ due to a low base in the previous quarter. The company continues to benefit from improved operational efficiency and stable sugar sector dynamics, while its low PE valuation reflects relatively inexpensive pricing compared to broader market valuations.
Himadri Speciality Chemical – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,288 Cr | ▲ 14% | ₹1,135 Cr | ▲ 9% | ₹1,184 Cr |
| EBIDT | ₹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 reported a healthy Q4 FY26 performance with strong growth in sales and profitability on both yearly and quarterly basis. While EBITDA growth remained relatively muted due to margin pressure, the company delivered robust net profit expansion, reflecting better operational efficiency and improved bottom-line performance. Sequential revenue growth and stable EBITDA indicate continued business momentum supported by specialty chemical demand and value-added product mix.
Precise Wires India – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,763 Cr | ▲ 67% | ₹1,054 Cr | ▲ 31% | ₹1,348 Cr |
| EBIDT | ₹104 Cr | ▲ 77% | ₹59.1 Cr | ▲ 38% | ₹75.4 Cr |
| Net Profit | ₹54.9 Cr | ▲ 86% | ₹29.6 Cr | ▲ 46% | ₹37.7 Cr |
| EPS | ₹3.00 | ▲ 81% | ₹1.66 | ▲ 46% | ₹2.06 |
Verdict
Precise Wires delivered an exceptionally strong Q4 FY26 performance with robust growth across all key financial metrics. Revenue growth remained sharp both YoY and QoQ, while EBITDA and net profit growth significantly outpaced sales growth, indicating strong operating leverage and margin improvement. The healthy sequential rise in earnings and EPS reflects sustained demand momentum and improved business efficiency, supporting a positive outlook for the company.
Divi’s Laboratories – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹2,831 Cr | ▲ 10% | ₹2,585 Cr | ▲ 9% | ₹2,604 Cr |
| EBIDT | ₹934 Cr | ▲ 5% | ₹886 Cr | ▲ 5% | ₹890 Cr |
| Net Profit | ₹751 Cr | ▲ 13% | ₹662 Cr | ▲ 29% | ₹583 Cr |
| EPS | ₹28.29 | ▲ 13% | ₹24.94 | ▲ 29% | ₹21.96 |
Verdict
Divi’s Laboratories reported a healthy Q4 FY26 performance with steady growth across revenue, EBITDA, net profit, and EPS. The company witnessed strong sequential improvement in profitability, with net profit and EPS rising sharply QoQ, supported by better operational performance and margin stability. Consistent demand in the pharmaceutical API and custom synthesis business continues to support long-term growth momentum.
DAM Capital Advisors – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹29.2 Cr | ▼ 20% | ₹36.6 Cr | ▼ 58% | ₹69.9 Cr |
| EBIDT | ₹5.98 Cr | ▼ 54% | ₹13.1 Cr | ▼ 82% | ₹32.7 Cr |
| Net Profit | ₹0.26 Cr | ▼ 97% | ₹8.48 Cr | ▼ 99% | ₹20.0 Cr |
| EPS | ₹0.04 | ▼ 97% | ₹1.20 | ▼ 99% | ₹2.83 |
Verdict
DAM Capital Advisors reported a weak Q4 FY26 performance with sharp declines across revenue, EBITDA, profit, and EPS on both YoY and QoQ basis. The steep fall in profitability indicates pressure on deal activity, investment banking income, or market-related business segments during the quarter. Margins contracted significantly as earnings dropped disproportionately compared to revenue decline, reflecting a challenging operating environment for the company.
Gokaldas Exports – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,069 Cr | ▲ 5% | ₹1,015 Cr | ▲ 9% | ₹979 Cr |
| EBIDT | ₹117 Cr | ▼ 5% | ₹123 Cr | ▲ 52% | ₹76.9 Cr |
| Net Profit | ₹36.0 Cr | ▼ 32% | ₹52.9 Cr | ▲ 147% | ₹14.6 Cr |
| EPS | ₹4.91 | ▼ 34% | ₹7.40 | ▲ 147% | ₹1.99 |
Verdict
Gokaldas Exports reported moderate revenue growth in Q4 FY26, but profitability remained under pressure on a year-on-year basis with declines in EBITDA, net profit, and EPS. However, the company showed a sharp sequential recovery, with strong improvement in EBITDA and a significant jump in net profit and EPS compared to the previous quarter, indicating improving operational momentum and better cost absorption.
Yatra Online – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹189 Cr | ▼ 14% | ₹219 Cr | ▼ 26% | ₹257 Cr |
| EBIDT | ₹10.9 Cr | ▼ 36% | ₹17.1 Cr | ▼ 52% | ₹22.5 Cr |
| Net Profit | ₹8.20 Cr | ▼ 46% | ₹15.2 Cr | ▼ 2% | ₹8.34 Cr |
| EPS | ₹0.52 | ▼ 46% | ₹0.97 | ▼ 2% | ₹0.53 |
Verdict
Yatra Online reported a weak Q4 FY26 performance with declines across revenue, EBITDA, net profit, and EPS on both YoY and QoQ basis. The sharp fall in EBITDA indicates pressure on margins and operating performance, while profit contraction reflects softer business momentum in the travel segment during the quarter. Sequential weakness in sales and earnings suggests near-term demand moderation and cost pressure impacting overall profitability.
Narayana Hrudayalaya – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹2,594 Cr | ▲ 76% | ₹1,475 Cr | ▲ 21% | ₹2,151 Cr |
| EBIDT | ₹508 Cr | ▲ 42% | ₹358 Cr | ▲ 39% | ₹365 Cr |
| Net Profit | ₹224 Cr | ▲ 12% | ₹197 Cr | ▲ 76% | ₹127 Cr |
| EPS | ₹10.96 | ▲ 14% | ₹9.65 | ▲ 77% | ₹6.20 |
| Exceptional Items | -₹4.06 Cr | ▼ 45% | -₹7.32 Cr | – | – |
Exceptional Items
Mar 2026: -₹4.06 Cr
Mar 2025: -₹7.32 Cr
(Exceptional items ignored for YoY calculations)
Verdict
Narayana Hrudayalaya reported an exceptionally strong Q4 FY26 with robust revenue growth supported by healthy operational performance. EBITDA growth remained strong both YoY and QoQ, reflecting improving efficiencies and strong hospital occupancy trends. Net profit growth was relatively moderate on a yearly basis despite massive revenue expansion, but sequential profitability improved sharply, indicating stronger margins and better operational leverage in the quarter.
Birla Cable – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹214 Cr | ▲ 37% | ₹156 Cr | ▲ 4% | ₹205 Cr |
| EBIDT | ₹20.3 Cr | ▲ 156% | ₹7.91 Cr | ▲ 86% | ₹10.9 Cr |
| Net Profit | ₹10.8 Cr | ▲ 646% | ₹1.45 Cr | ▲ 169% | ₹4.02 Cr |
| EPS | ₹3.60 | ▲ 650% | ₹0.48 | ▲ 169% | ₹1.34 |
Verdict
Birla Cable reported a very strong Q4 FY26 performance with sharp growth across all key financial metrics. Revenue growth remained healthy, while EBITDA and net profit surged significantly due to improved operating margins and profitability. The strong sequential jump in earnings indicates improving business momentum, supported by better execution and demand in the cable and telecom infrastructure segment.
Faze Three – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹238 Cr | ▲ 20% | ₹199 Cr | ▲ 10% | ₹217 Cr |
| EBIDT | ₹25.4 Cr | ▲ 12% | ₹22.6 Cr | ▲ 62% | ₹15.7 Cr |
| Net Profit | ₹14.4 Cr | ▼ 15% | ₹17.0 Cr | ▲ 172% | ₹5.29 Cr |
| EPS | ₹5.90 | ▼ 16% | ₹6.99 | ▲ 171% | ₹2.18 |
Verdict
Faze Three reported healthy revenue growth in Q4 FY26 with strong sequential improvement in EBITDA and net profit. However, despite higher sales, net profit and EPS declined on a year-on-year basis, indicating margin pressure and higher cost impact during the quarter. The sharp QoQ recovery in profitability reflects improving operational momentum, but valuation remains elevated considering the mixed earnings trend.
NTPC Green Energy – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹913 Cr | ▲ 47% | ₹622 Cr | ▲ 40% | ₹653 Cr |
| EBIDT | ₹774 Cr | ▲ 38% | ₹560 Cr | ▲ 45% | ₹535 Cr |
| Net Profit | ₹197 Cr | ▼ 16% | ₹233 Cr | ▲ 1039% | ₹17.3 Cr |
| EPS | ₹0.23 | ▼ 18% | ₹0.28 | ▲ 1050% | ₹0.02 |
Verdict
NTPC Green Energy reported strong operational growth in Q4 FY26 with robust improvement in revenue and EBITDA on both YoY and QoQ basis, driven by higher renewable energy capacity and generation. However, net profit and EPS declined year-on-year, indicating pressure from higher costs, depreciation, or financing expenses. Sequentially, profitability saw a sharp recovery from the previous quarter, reflecting improving operational momentum in the renewable energy business.
