RIR Power Electronics – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹24.0 Cr | ▼ 9% | ₹26.5 Cr | ▲ 18% | ₹20.3 Cr |
| EBIDT | ₹2.09 Cr | ▼ 39% | ₹3.45 Cr | ▲ 143% | ₹0.86 Cr |
| Net Profit | ₹1.39 Cr | ▼ 45% | ₹2.55 Cr | ▲ 216% | ₹0.44 Cr |
| EPS | ₹0.17 | ▼ 48% | ₹0.33 | ▲ 183% | ₹0.06 |
Verdict
RIR Power Electronics reported a weak year-on-year performance in Q4 FY26 with declines across sales, EBITDA, net profit, and EPS, indicating pressure on margins and profitability. However, on a sequential basis, the company showed a strong recovery with sharp improvement in EBITDA and net profit compared to the previous quarter, suggesting improving operational momentum despite lower annual comparisons.
Bharat Dynamics Limited – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹480 Cr | ▼ 73% | ₹1,777 Cr | ▼ 15% | ₹567 Cr |
| EBITDA | ₹55.2 Cr | ▼ 82% | ₹299 Cr | ▲ 112% | ₹26.0 Cr |
| Net Profit | ₹113 Cr | ▼ 59% | ₹273 Cr | ▲ 55% | ₹72.9 Cr |
| EPS | ₹3.09 | ▼ 58% | ₹7.44 | ▲ 55% | ₹1.99 |
Verdict
Bharat Dynamics reported a weak Q4 FY26 performance on a year-on-year basis, with sharp declines in sales, EBITDA, net profit, and EPS compared to the strong base of Q4 FY25. However, on a sequential basis, profitability improved significantly with strong recovery in EBITDA, net profit, and EPS versus Q3 FY26, indicating improved execution and margin recovery despite lower revenue.
Apar Industries – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹6,603 Cr | ▲ 27% | ₹5,210 Cr | ▲ 20% | ₹5,480 Cr |
| EBIDTA | ₹496 Cr | ▲ 9% | ₹455 Cr | ▲ 10% | ₹452 Cr |
| Net Profit | ₹253 Cr | ▲ 4% | ₹250 Cr | ▲ 21% | ₹209 Cr |
| EPS | ₹63.09 | ▲ 1% | ₹62.24 | ▲ 21% | ₹52.01 |
Verdict
Apar Industries delivered strong revenue growth in Q4 FY26 with healthy improvement in sales both YoY and QoQ, driven by strong business momentum. EBITDA growth remained moderate compared to revenue expansion, indicating some margin pressure. However, net profit and EPS showed solid sequential recovery, reflecting improved operational performance and stable profitability.
Deepak Fertilisers – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹3,011 Cr | ▲ 13% | ₹2,667 Cr | ▲ 6% | ₹2,830 Cr |
| EBIDT | ₹354 Cr | ▼ 26% | ₹480 Cr | ▲ 0% | ₹353 Cr |
| Net Profit | ₹139 Cr | ▼ 50% | ₹278 Cr | ▼ 1% | ₹141 Cr |
| EPS | ₹11.04 | ▼ 50% | ₹21.96 | ▼ 2% | ₹11.21 |
Verdict
Deepak Fertilisers reported healthy revenue growth in Q4 FY26 driven by strong topline momentum on both YoY and QoQ basis. However, profitability remained under pressure with sharp decline in EBITDA, net profit, and EPS compared to last year, indicating margin compression and higher operational costs. Sequentially, earnings remained largely flat, showing stabilization but limited profit recovery.
Graphite India – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹816 Cr | ▲ 23% | ₹666 Cr | ▲ 27% | ₹642 Cr |
| EBIDT | ₹-139 Cr | ▼ 456% | ₹39.0 Cr | ▼ 431% | ₹42.0 Cr |
| Net Profit | ₹-105 Cr | ▼ 333% | ₹49.0 Cr | ▼ 257% | ₹67.0 Cr |
| EPS | ₹-5.32 | ▼ 308% | ₹2.56 | ▼ 253% | ₹3.48 |
| Exceptional Items | ₹16.0 Cr | Exceptional items have been ignored for YoY comparison. | |||
Verdict
Graphite India reported strong revenue growth in Q4 FY26 on both YoY and QoQ basis, indicating healthy demand momentum. However, profitability witnessed a sharp deterioration with the company slipping into operating and net losses, reflecting severe margin pressure and weak operational performance during the quarter. Negative EPS and steep decline in EBITDA suggest a challenging near-term outlook despite higher sales growth.
Sadbhav Infra – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹202 Cr | ▲ 1% | ₹200 Cr | ▼ 2% | ₹206 Cr |
| EBIDT | ₹84.0 Cr | ▼ 32% | ₹123 Cr | ▼ 43% | ₹148 Cr |
| Net Profit | ₹85.9 Cr | ▲ 1276% | Loss ₹71.8 Cr | Turnaround | Loss ₹92.0 Cr |
| EPS | ₹1.90 | ▲ 178% | ₹-2.44 | Improved | ₹-3.10 |
Verdict
Sadbhav Infra reported stable revenue growth in Q4 FY26, while EBITDA declined sharply on both YoY and QoQ basis indicating margin pressure. However, the company posted a strong turnaround at the net profit level with significant improvement in profitability and EPS compared to losses reported in both previous quarter and year-ago period.
JSW Holdings – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹33.1 Cr | ▲ 12% | ₹29.5 Cr | ▲ 1% | ₹32.7 Cr |
| EBIDT | ₹30.0 Cr | ▲ 17% | ₹25.6 Cr | ▲ 3% | ₹29.1 Cr |
| Net Profit | ₹13.5 Cr | ▲ 37% | ₹9.72 Cr | ▼ 58% | ₹32.1 Cr |
| EPS | ₹12.20 | ▲ 39% | ₹8.76 | ▼ 58% | ₹28.94 |
Verdict
JSW Holdings delivered steady operational growth in Q4 FY26 with healthy YoY improvement across sales, EBITDA, net profit, and EPS. Revenue and operating profit remained stable on a sequential basis, reflecting consistent business performance. However, net profit and EPS declined sharply QoQ due to a high base in the previous quarter, indicating some moderation in bottom-line momentum despite strong annual growth.
eMudhra – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹193 Cr | ▲ 32% | ₹147 Cr | ▲ 3% | ₹188 Cr |
| EBIDT | ₹42.0 Cr | ▲ 21% | ₹34.8 Cr | ▲ 2% | ₹41.1 Cr |
| Net Profit | ₹29.6 Cr | ▲ 21% | ₹24.3 Cr | ▲ 2% | ₹29.0 Cr |
| EPS | ₹3.50 | ▲ 22% | ₹2.88 | ▲ 1% | ₹3.46 |
Verdict
eMudhra delivered a strong Q4 FY26 performance with healthy double-digit YoY growth across revenue, EBITDA, net profit, and EPS. Sequential growth remained steady, reflecting stable business momentum, improving digital trust demand, and consistent profitability performance.
Cords Cable – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹267 Cr | ▲ 14% | ₹233 Cr | ▲ 13% | ₹236 Cr |
| EBIDT | ₹16.1 Cr | ▲ 9% | ₹14.7 Cr | ▲ 10% | ₹14.6 Cr |
| Net Profit | ₹8.28 Cr | ▲ 84% | ₹4.49 Cr | ▲ 68% | ₹4.92 Cr |
| EPS | ₹6.40 | ▲ 84% | ₹3.47 | ▲ 68% | ₹3.81 |
Verdict
Cords Cable delivered a strong Q4 FY26 performance with healthy revenue growth and a sharp improvement in profitability. Net profit and EPS surged 84% YoY driven by better operational efficiency and margin expansion. Sequential growth also remained strong across all parameters, indicating improving business momentum and stable demand execution.
Ruchira Papers – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹182 Cr | ▲ 13% | ₹162 Cr | ▲ 38% | ₹132 Cr |
| EBIDT | ₹19.9 Cr | ▼ 25% | ₹26.5 Cr | ▲ 126% | ₹8.82 Cr |
| Net Profit | ₹9.53 Cr | ▼ 48% | ₹18.4 Cr | ▲ 367% | ₹2.04 Cr |
| EPS | ₹3.19 | ▼ 48% | ₹6.17 | ▲ 369% | ₹0.68 |
Verdict
Ruchira Papers reported healthy revenue growth in Q4 FY26 with strong quarter-on-quarter recovery in profitability. However, year-on-year margins and earnings remained under pressure, leading to a sharp decline in net profit and EPS compared to the previous year. The improvement over the previous quarter indicates operational recovery, but profitability trends remain a key monitorable factor.
Ashok Leyland – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹17,246 Cr | ▲ 17% | ₹14,696 Cr | ▲ 16% | ₹14,830 Cr |
| EBITDA | ₹3,308 Cr | ▲ 11% | ₹2,991 Cr | ▲ 17% | ₹2,822 Cr |
| Net Profit | ₹1,381 Cr | ▲ 10% | ₹1,246 Cr | ▲ 60% | ₹862 Cr |
| EPS | ₹2.20 | ▲ 15% | ₹1.92 | ▲ 59% | ₹1.38 |
Verdict
Ashok Leyland delivered a strong Q4 FY26 performance with healthy double-digit growth in sales, EBITDA, net profit, and EPS on a year-on-year basis. Quarter-on-quarter performance was even stronger, especially in profitability, reflecting improved operational efficiency, better margins, and steady demand momentum in the commercial vehicle segment.
Hi-Tech Pipes – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,480 Cr | ▲ 102% | ₹734 Cr | ▲ 38% | ₹1,070 Cr |
| EBIDT | ₹46.3 Cr | ▲ 33% | ₹34.9 Cr | ▲ 11% | ₹41.9 Cr |
| Net Profit | ₹17.6 Cr | ▼ 0% | ₹17.6 Cr | ▲ 1% | ₹17.4 Cr |
| EPS | ₹0.87 | ▲ 0% | ₹0.87 | ▲ 1% | ₹0.86 |
Verdict
Hi-Tech Pipes delivered exceptionally strong revenue growth in Q4 FY26 with sales more than doubling YoY and rising sharply QoQ, indicating robust demand and expansion momentum. EBITDA growth remained healthy, reflecting improved operating scale. However, net profit and EPS remained largely flat despite strong top-line growth, suggesting pressure from margins, higher costs, or finance-related expenses. Overall, operational performance stayed strong while profitability growth remained muted.
The Anup Engineering – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹208 Cr | ▼ 6% | ₹222 Cr | ▲ 0.5% | ₹207 Cr |
| EBITDA | ₹38.2 Cr | ▼ 23% | ₹49.6 Cr | ▼ 13% | ₹44.1 Cr |
| Net Profit | ₹26.5 Cr | ▼ 16% | ₹31.5 Cr | ▲ 4% | ₹25.5 Cr |
| EPS | ₹13.25 | ▼ 16% | ₹15.75 | ▲ 4% | ₹12.74 |
Verdict
The Anup Engineering reported a weak Q4 FY26 performance on a year-on-year basis, with declines in sales, EBITDA, net profit, and EPS. Margin pressure impacted profitability sharply, reflected in the 23% drop in EBITDA. However, sequentially the company showed stable revenue and moderate recovery in profit and EPS compared to the previous quarter, indicating some operational stabilization despite softer annual performance.
Gabriel India – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,111 Cr | ▲ 19% | ₹931 Cr | ▲ 4% | ₹1,072 Cr |
| EBIDT | ₹96.6 Cr | ▲ 13% | ₹85.8 Cr | ▲ 5% | ₹92.4 Cr |
| Net Profit | ₹61.2 Cr | ▲ 14% | ₹54.0 Cr | ▼ 7% | ₹65.6 Cr |
| EPS | ₹4.26 | ▲ 13% | ₹3.76 | ▼ 7% | ₹4.57 |
Verdict
Gabriel India reported healthy Q4 FY26 performance with strong double-digit year-on-year growth across sales, EBITDA, net profit, and EPS, supported by steady demand and operational strength. Sequentially, revenue and EBITDA improved moderately, while net profit and EPS saw slight decline on a QoQ basis, indicating margin pressure despite stable business momentum.
DCX Systems – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹207 Cr | ▼ 62% | ₹550 Cr | ▲ 71% | ₹121 Cr |
| EBITDA | ₹-0.33 Cr | ▼ 103% | ₹10.2 Cr | ▲ 94% | ₹-5.13 Cr |
| Net Profit | ₹-0.30 Cr | ▼ 101% | ₹20.7 Cr | ▲ 88% | ₹-2.43 Cr |
| EPS | ₹-0.03 | ▼ 102% | ₹1.86 | ▲ 86% | ₹-0.22 |
Verdict
DCX Systems reported a weak Q4 FY26 performance on a year-on-year basis, with a sharp decline in revenue and profitability resulting in losses at EBITDA and net profit levels. However, quarter-on-quarter performance showed recovery signs as losses narrowed significantly compared to the Dec 2025 quarter, indicating operational improvement despite continued pressure on overall business performance.
Orient Technologies – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹184 Cr | ▼ 30% | ₹263 Cr | ▼ 8% | ₹200 Cr |
| EBIDT | ₹4.47 Cr | ▼ 59% | ₹10.9 Cr | ▲ 56% | ₹2.86 Cr |
| Net Profit | ₹-4.99 Cr | Loss vs Profit | ₹13 Cr | Improved | ₹-14.6 Cr |
| EPS | ₹-1.09 | Loss vs Profit | ₹3 | Improved | ₹-3.20 |
Verdict
Orient Technologies reported a weak Q4 FY26 performance on a year-on-year basis with a sharp decline in sales and profitability, slipping into losses compared to last year. However, quarter-on-quarter numbers showed operational improvement with better EBITDA performance and reduced net losses, indicating some recovery in business momentum.
Time Technoplast – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,677 Cr | ▲ 14% | ₹1,469 Cr | ▲ 7% | ₹1,565 Cr |
| EBIDT | ₹241 Cr | ▲ 13% | ₹214 Cr | ▲ 3% | ₹234 Cr |
| Net Profit | ₹134 Cr | ▲ 20% | ₹112 Cr | ▲ 4% | ₹129 Cr |
| EPS | ₹2.67 | ▲ 11% | ₹2.41 | ▲ 4% | ₹2.56 |
Verdict
Time Technoplast delivered a healthy Q4 FY26 performance with strong double-digit YoY growth across sales, operating profit, and net profit. Profitability remained robust with net profit growth outperforming revenue growth, indicating margin improvement and operational efficiency. Sequentially, the company maintained steady growth momentum with consistent improvement across all key parameters.
AXISCADES Technologies – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹273 Cr | ▲ 2% | ₹268 Cr | ▼ 20% | ₹343 Cr |
| EBITDA | ₹33.4 Cr | ▼ 11% | ₹37.4 Cr | ▼ 47% | ₹62.8 Cr |
| Net Profit | ₹0.42 Cr | ▼ 98% | ₹31.5 Cr | ▼ 98% | ₹27.7 Cr |
| EPS | ₹0.10 | ▼ 99% | ₹7.24 | ▼ 98% | ₹6.52 |
Verdict
AXISCADES Technologies reported a muted Q4 FY26 performance with marginal year-on-year growth in sales, while profitability witnessed a sharp decline both YoY and QoQ. EBITDA margins weakened significantly, and net profit along with EPS collapsed due to heavy pressure on earnings, reflecting operational challenges and margin stress during the quarter.
Elgi Equipments – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,113 Cr | ▲ 12% | ₹993 Cr | ▲ 11% | ₹1,003 Cr |
| EBITDA | ₹173 Cr | ▲ 15% | ₹150 Cr | ▲ 20% | ₹144 Cr |
| Net Profit | ₹128 Cr | ▲ 25% | ₹102 Cr | ▲ 34% | ₹95.2 Cr |
| EPS | ₹4.04 | ▲ 25% | ₹3.22 | ▲ 35% | ₹3.00 |
Verdict
Elgi Equipments delivered a strong Q4 FY26 performance with healthy double-digit growth in sales and EBITDA, while net profit and EPS outperformed with robust expansion both YoY and QoQ. Margin improvement and operational efficiency supported profitability growth, reflecting strong business momentum and steady demand across segments.
Himatsingka Seide – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹617 Cr | ▼ 6% | ₹657 Cr | ▲ 1% | ₹611 Cr |
| EBITDA | ₹49.7 Cr | ▼ 58% | ₹118 Cr | ▼ 48% | ₹95.1 Cr |
| Net Profit | ₹1.41 Cr | ▼ 99% | ₹11.9 Cr | ▼ 82% | ₹7.66 Cr |
| EPS | ₹0.11 | ▼ 88% | ₹0.95 | ▼ 82% | ₹0.61 |
Verdict
Himatsingka Seide reported weak Q4 FY26 performance with decline in sales and sharp pressure on profitability. EBITDA margins contracted significantly on both YoY and QoQ basis, while net profit nearly collapsed due to weaker operational performance and margin stress. Despite stable sequential revenue, earnings remained under heavy pressure, reflecting challenging business conditions.
GMR Airports – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹3,938 Cr | ▲ 38% | ₹2,863 Cr | ▼ 1% | ₹3,994 Cr |
| EBITDA | ₹1,445 Cr | ▲ 43% | ₹1,009 Cr | ▼ 15% | ₹1,701 Cr |
| Net Profit | ₹400 Cr | ▲ 203% | ₹-253 Cr Loss | ▲ 130% | ₹174 Cr |
| EPS | ₹0.29 | ▲ 226% | ₹-0.23 | ▲ 142% | ₹0.12 |
Verdict
GMR Airports delivered a strong Q4 FY26 performance with robust year-on-year growth across revenue and EBITDA, while profitability saw a sharp turnaround from last year’s loss. Despite a slight sequential decline in sales and EBITDA, the company reported strong improvement in net profit and EPS on a QoQ basis, reflecting improving airport traffic, operational efficiency, and better margin performance.
IZMO – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹109 Cr | ▲ 83% | ₹59.8 Cr | ▲ 84% | ₹59.1 Cr |
| EBIDT | ₹14.8 Cr | ▲ 32% | ₹11.2 Cr | ▲ 5% | ₹14.1 Cr |
| Net Profit | ₹17.3 Cr | ▲ 151% | ₹6.89 Cr | ▲ 48% | ₹11.7 Cr |
| EPS | ₹11.56 | ▲ 150% | ₹4.63 | ▲ 48% | ₹7.82 |
Verdict
IZMO delivered a strong Q4 FY26 performance with exceptional growth in sales and profitability. Revenue nearly doubled both YoY and QoQ, while net profit and EPS surged sharply, reflecting strong operating leverage and improved business momentum. Stable EBITDA growth alongside explosive bottom-line expansion indicates improving efficiency and strong demand traction.
Roto Pumps – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹81.3 Cr | ▲ 3% | ₹79.0 Cr | ▲ 12% | ₹72.7 Cr |
| EBITDA | ₹12.8 Cr | ▼ 37% | ₹20.3 Cr | ▼ 6% | ₹13.6 Cr |
| Net Profit | ₹5.73 Cr | ▼ 55% | ₹12.5 Cr | ▼ 15% | ₹6.78 Cr |
| EPS | ₹0.30 | ▼ 56% | ₹0.68 | ▼ 17% | ₹0.36 |
Verdict
Roto Pumps reported modest revenue growth in Q4 FY26, with sales improving both YoY and QoQ. However, profitability remained under pressure as EBITDA, net profit, and EPS declined sharply on a yearly basis, indicating margin stress and weaker operational performance despite higher revenue. Sequentially, earnings also softened, reflecting continued pressure on the bottom line.
PC Jeweller – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹927 Cr | ▲ 33% | ₹699 Cr | ▲ 6% | ₹875 Cr |
| EBIDT | ₹164 Cr | ▲ 13% | ₹145 Cr | ▼ 19% | ₹202 Cr |
| Net Profit | ₹153 Cr | ▲ 61% | ₹94.8 Cr | ▼ 19% | ₹190 Cr |
| EPS | ₹0.18 | ▲ 20% | ₹0.15 | ▼ 31% | ₹0.26 |
Verdict
PC Jeweller reported strong year-on-year growth in Q4 FY26, driven by robust improvement in sales and profitability. Revenue grew sharply by 33% YoY, while net profit surged 61% YoY, indicating improved operational performance and demand recovery. However, on a sequential basis, EBITDA, net profit, and EPS declined compared to the previous quarter, suggesting margin pressure and softer quarterly earnings momentum despite stable revenue growth.
