Q1 Earnings Snapshot 2026 – Winners, Surprises & Misses Revealed!

Integra Engineering India reported a healthy sequential improvement during Q1 FY27, with revenue, EBITDA, net profit, and EPS all posting strong quarter-on-quarter growth. However, the company continued to face year-on-year pressure, with declines across revenue and profitability indicating that overall business performance remains below last year’s levels. Sustained recovery in demand and margin expansion will be key factors to watch in the coming quarters.

Integra Engineering India reported a healthy sequential improvement during Q1 FY27, with revenue, EBITDA, net profit, and EPS all posting strong quarter-on-quarter growth. However, the company continued to face year-on-year pressure, with declines across revenue and profitability indicating that overall business performance remains below last year’s levels. Sustained recovery in demand and margin expansion will be key factors to watch in the coming quarters.

Verdict

Borosil Renewables delivered a healthy operational performance in Q1 FY27, with revenue increasing ▲ 22.3% YoY to ₹406 crore and EBITDA rising ▲ 47.1% YoY to ₹128 crore, reflecting improved demand and stronger operating efficiency. The company also returned to profitability on a normalized basis, with net profit growing ▲ 157% YoY after excluding the exceptional loss recorded in the corresponding quarter last year. However, sequential performance moderated, as revenue, EBITDA, net profit, and EPS declined compared with Q4 FY26, indicating a softer quarter on a QoQ basis despite maintaining robust year-on-year growth.

Verdict

Alok Industries reported a mixed but improving quarter in Q1 FY27. Revenue grew 6.5% YoY to ₹993 crore, while EBITDA surged 187% YoY and improved significantly on a sequential basis, reflecting better operating performance. The company continued to report a net loss of ₹138 crore; however, losses narrowed by nearly 20% YoY and 29% QoQ, with EPS also showing meaningful improvement. Overall, operational metrics indicate gradual recovery, but achieving consistent profitability and sustaining margin improvement remain the key factors to watch in the coming quarters.

GNA Axles delivered an excellent start to FY27, reporting strong double-digit growth across all key financial parameters. Revenue increased 36.6% YoY to ₹470 crore, while EBITDA surged 44.3% YoY to ₹72.3 crore, reflecting healthy operating leverage and improved profitability. Net profit jumped an impressive 66.5% YoY to ₹38.3 crore, with EPS rising to ₹8.93.

On a sequential basis, the company maintained strong momentum, with revenue growing 14.4% QoQ, EBITDA rising 26.2%, and net profit increasing 24.4%. The consistent improvement across sales, earnings, and margins highlights robust demand, efficient cost management, and sustained operational performance.

Overall, the quarter reflects healthy business momentum and reinforces GNA Axles’ strong execution capabilities. Continued growth in exports, stable demand from commercial vehicle and off-highway segments, along with improved profitability, positions the company well for the upcoming quarters.

Piramal Finance delivered a strong Q1 FY27 performance on a year-on-year basis, supported by robust growth in sales, EBITDA, net profit, and EPS. Revenue increased 27.6% YoY, while EBITDA grew 20.5%, reflecting healthy operating efficiency. Net profit rose 67.0% YoY despite a sequential decline of 8.2%, indicating some moderation in quarterly profitability after a strong previous quarter. Overall, the company maintained solid operational momentum with healthy earnings growth, although quarter-on-quarter performance remained mixed.

360 ONE delivered a strong Q1 FY27 performance with healthy double-digit growth across revenue, EBITDA, net profit, and EPS. The company’s expanding profitability and consistent earnings momentum reflect strong execution and resilient demand across its wealth and asset management businesses. While the stock continues to trade at a premium valuation of 34.8x earnings, the robust operating performance and sustained growth trajectory support a positive long-term outlook.

BHEL delivered a strong year-on-year turnaround in Q1 FY27, supported by robust revenue growth and a return to profitability across operating and net levels. Although earnings moderated sequentially after an exceptionally strong March quarter, the company continues to benefit from healthy project execution, an improving order pipeline, and stronger operating performance, indicating sustained business momentum.

Verdict

D B Corp reported a strong start to FY27, driven by healthy revenue growth and significant expansion in operating profitability. EBITDA grew faster than revenue, reflecting improved cost efficiencies and stronger margins, while net profit and EPS posted robust double-digit gains on both a QoQ and YoY basis. Overall, the company delivered an impressive quarter with solid earnings momentum and improved operational performance.

Menon Bearings Ltd reported a strong Q1 FY27 performance, supported by healthy revenue growth and a sharp improvement in profitability. Revenue increased 36.6% YoY, while net profit and EPS surged over 67%, reflecting robust operational execution. Although EBITDA declined 6.9% sequentially, margins remained healthy, indicating resilience despite quarterly fluctuations. Overall, the company’s strong earnings momentum and consistent business performance highlight a positive outlook for the coming quarters.

Revenue and EBITDA remained under pressure on both a QoQ and YoY basis, reflecting weaker operating performance during the quarter. However, net profit and EPS registered strong YoY growth, indicating improved earnings quality and better profitability despite a softer topline. Overall, the quarter presented a mixed performance, with margin resilience partially offsetting the decline in revenue.

Verdict: Tech Mahindra delivered a strong operational performance in Q1 FY27. Revenue, dollar revenue, EBIT, EBIT margin and constant currency growth all exceeded CNBC-TV18 estimates, reflecting healthy execution and improving demand. Net profit, however, fell short of expectations despite registering robust sequential and annual growth. Overall, the quarter indicates continued margin expansion and steady business momentum.

Verdict: Mixed Quarter. Wipro delivered stable revenue with better-than-expected constant currency decline and strong deal wins. However, EBIT, margins and net profit missed street estimates, while Q2 guidance remained soft, indicating demand recovery is still gradual. The ₹2/share interim dividend provides some support, but margin improvement and execution remain key monitorables for upcoming quarters.

Verdict: Strong Quarter. Polycab India reported an impressive Q1 FY27 performance with 39% revenue growth, 32.5% growth in EBITDA, and 32.5% growth in net profit, comfortably outperforming CNBC-TV18 estimates across all key financial metrics. The Wires & Cables segment continued to drive growth with a robust 38% YoY increase in revenue. Although the EBITDA margin declined by 70 bps YoY due to cost pressures, it still exceeded market expectations, reflecting strong execution and healthy demand across businesses.