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

Eicher Motors – Q1FY27 Results

CMP: ₹7,779 | Market Cap: ₹2,13,514 Cr | P/E: 36.7

Adani Enterprises – Q1FY27 Results

Adani Ports – Q1FY27 Results

CMP: ₹1,720 | Market Cap: ₹3,96,055 Cr | P/E: 29.8

Verdict

Adani Ports reported a strong Q1FY27 performance with double-digit year-on-year growth in revenue, EBITDA, and net profit. Sequential performance also improved across all key metrics, reflecting healthy operational momentum, resilient port operations, and steady earnings growth.

Vedanta Iron & Steel – Q1FY27 Results

CMP: ₹30.8 | Market Cap: ₹12,024 Cr

Verdict

Vedanta Iron & Steel delivered a strong Q1FY27 performance, led by robust 18% YoY revenue growth and a 55% jump in EBITDA. EBITDA margin expanded significantly compared to last year, reflecting improved operating efficiency. The company also reported a sharp turnaround to profitability with a net profit of ₹121 crore versus losses in both the previous quarter and the year-ago period. Although sales and EBITDA moderated sequentially, the return to positive earnings and stronger margins indicate improving business fundamentals.

Asian Paints – Q1 FY27 Results

Price: ₹2,758 | Market Cap: ₹2,64,590 Cr | P/E: 54.3

Colgate-Palmolive (India) – Q1 FY27 Results

Vedanta Oil and Gas – Q1FY27 Results

CMP: ₹35.1 | Market Cap: ₹13,690 Cr | P/E: 63.7

Verdict

Syrma SGS Technology – Q1FY27 Results

CMP: ₹1,343 | Market Cap: ₹25,915 Cr | P/E: 69.8

Verdict

Syrma SGS Technology delivered an impressive Q1FY27 performance, with revenue surging 68.3% YoY and net profit more than doubling, reflecting strong demand execution and operational scale-up. While EBITDA and net profit declined sequentially, leading to some moderation in margins, the overall growth trajectory remains robust. The quarter reinforces the company’s strong business momentum, although investors will watch margin recovery closely in the coming quarters.

Bajaj Housing Finance – Q1FY27 Results

CMP: ₹87.6 | Market Cap: ₹73,016 Cr | P/E: 27.0

Verdict

Strong Quarter: Bajaj Housing Finance delivered healthy growth across all key financial metrics in Q1FY27. Revenue, EBITDA, net profit, and EPS registered robust double-digit year-on-year growth, while sequential performance also remained positive. The results reflect continued strength in the company’s housing finance business, healthy loan growth, and stable profitability, reinforcing its strong operating momentum.

Vinati Organics – Q1FY27 Results

CMP: ₹1,309 | Market Cap: ₹13,584 Cr | P/E: 27.3

Verdict

Positive: Vinati Organics delivered a strong Q1FY27 performance with robust revenue growth of ▲29.0% YoY and healthy double-digit growth in net profit and EPS. However, on a sequential basis, profitability moderated slightly as EBITDA and net profit declined due to softer margins. Overall, the quarter reflects healthy business momentum supported by strong top-line growth despite mild QoQ earnings pressure.

MTAR Technologies – Q1 FY27 Results

CMP: ₹5,194 | Market Cap: ₹16,009 Cr | P/E: 116.6x

Verdict

MTAR Technologies delivered an outstanding Q1 FY27 performance with strong growth across all key financial metrics. Revenue more than doubled year-on-year, while EBITDA and net profit registered exceptional growth, supported by strong operating leverage and improved margins. The company also maintained healthy sequential growth in revenue, profitability, and earnings per share, indicating sustained execution and robust business momentum. Overall, the quarter reflects strengthening fundamentals and continued demand across its key business segments.

Balkrishna Industries – Q1FY27 Results

Price: ₹2,082 | M.Cap: ₹40,291 Cr | P/E: 28.7

Verdict

Balkrishna Industries delivered a strong Q1FY27 performance with healthy revenue growth and significant improvement in profitability. Sales increased 25.0% YoY and 17.8% QoQ, while EBITDA grew 47.0% YoY, reflecting improved operating leverage and margin expansion. Net profit surged 56.0% YoY and 50.8% QoQ, supported by higher earnings efficiency, resulting in a robust start to the financial year.

Redington Ltd. – Q1 FY27 Results

CMP: ₹287 | Market Cap: ₹22,460 Cr | P/E: 12.5x

Verdict

Redington delivered an excellent Q1 FY27 performance with strong revenue growth, significant EBITDA expansion, and a sharp rise in net profit. Improved operational efficiency and healthy demand across business segments drove profitability higher on both a QoQ and YoY basis, making it a robust start to the financial year.

MOIL – Q1FY27 Results

Price: ₹274 | Market Cap: ₹5,570 Cr | P/E: 18.4

Verdict

MOIL delivered a strong Q1FY27 performance with healthy year-on-year growth across revenue, EBITDA, net profit, and EPS. Profitability improved significantly, supported by a sharp expansion in EBITDA and net profit margins. While the quarter witnessed a sequential decline in sales and earnings compared to the previous quarter, the company’s robust margin performance highlights strong operational efficiency and cost control.

Force Motors – Q1 FY27 Results

CMP: ₹17,334 | Market Cap: ₹22,833 Cr | P/E: 20.8

Verdict

Mixed Quarter: Force Motors delivered healthy 23% YoY growth in net profit and EPS, while revenue increased 6% YoY. However, sequential performance weakened with declines in sales, EBITDA, and profitability compared to the strong March quarter, indicating margin pressure and a softer QoQ trend.

TeamLease Services – Q1 FY27 Results

CMP: ₹1,299 | Market Cap: ₹2,181 Cr | P/E: 14.3

Verdict

TeamLease Services delivered a steady operational performance in Q1 FY27, with revenue increasing ▲ 5.0% YoY and ▲ 3.8% QoQ. Net profit and EPS registered healthy double-digit annual growth, reflecting improved profitability compared to the year-ago period. However, sequential performance weakened as EBITDA, net profit, and EPS declined due to margin pressure despite higher revenue. Overall, the company posted healthy year-on-year growth, but softer quarter-on-quarter profitability indicates near-term pressure on operating margins.

Honeywell Automation India Ltd. – Q1 FY27 Results

CMP: ₹40,105 | Market Cap: ₹35,607 Cr | P/E: 63.7

Verdict

Honeywell Automation India delivered a steady Q1 FY27 performance with modest revenue growth of ▲2% YoY, while profitability remained robust. EBITDA and net profit grew over 20% YoY, reflecting healthy operational execution despite a high base. On a sequential basis, EBITDA and earnings moderated after a strong March quarter, leading to a slight softening in margins. Overall, the company continues to demonstrate resilient business fundamentals supported by strong profitability.

PCBL Chemical – Q1 FY27 Results

CMP: ₹366 | Market Cap: ₹14,396 Cr | P/E: 54.4

Verdict

PCBL Chemical reported a strong Q1 FY27 performance, driven by healthy revenue growth and a significant improvement in profitability. EBITDA expanded sharply, reflecting better operating efficiency, while net profit and EPS more than doubled sequentially. The strong margin expansion and robust earnings growth indicate solid execution and improving business fundamentals.

V-Guard Industries – Q1 FY27 Results

CMP: ₹302 | Market Cap: ₹13,199 Cr | P/E: 34.7

Verdict

V-Guard Industries reported a strong Q1 FY27 performance with broad-based growth across key financial metrics. Revenue growth remained healthy, while a sharp improvement in operating profitability led to a significant expansion in EBITDA and net profit. The combination of higher sales, better margins, and robust earnings growth reflects strong operational execution and a positive start to the financial year.

Meghmani Organics – Q1 FY27 Results

Price: ₹56.3 | M.Cap: ₹1,428 Cr | P/E: 22.2

Verdict

Meghmani Organics reported a strong operational turnaround in Q1 FY27 despite a 12% YoY decline in revenue. Significant improvement in EBITDA, net profit, and EPS on both a YoY and QoQ basis reflects sharp margin expansion, better cost efficiency, and improved profitability, indicating a much stronger earnings profile compared to previous quarters.

ERIS Lifescience – Q1 FY27 Results

Price: ₹1,426 | M.Cap: ₹19,818 Cr | P/E: 30.2

Refex Industries – Q1FY27 Results

CMP: ₹315 | Market Cap: ₹4,322 Cr | P/E: 15.2

Note: Exceptional items have been ignored while calculating YoY growth.

Craftsman Automation – Q1 FY27 Results

CMP: ₹9,913 | Market Cap: ₹25,952 Cr | P/E: 55.4x

Verdict

Craftsman Automation delivered a strong Q1 FY27 performance with robust growth across revenue, EBITDA, and net profit. Revenue increased 36% YoY, while EBITDA rose 45%, supported by improved operating efficiency. Net profit nearly doubled compared to the year-ago period, reflecting healthy profitability. Although EBITDA margin moderated marginally on a sequential basis, the overall operating performance remained strong with healthy QoQ growth, indicating sustained business momentum.

CarTrade Tech – Q1FY27 Results

CMP: ₹2,856 | Market Cap: ₹13,692 Cr | P/E: 57.5

Verdict

Piramal Pharma Ltd – Q1FY27 Results

Verdict

Piramal Pharma delivered a healthy year-on-year performance in Q1FY27, with revenue growing 17.39% and EBITDA margin expanding by 308 bps, reflecting improved operating efficiency compared to the year-ago quarter. The company also reported a lower net loss on a YoY basis despite remaining in the red. However, sequential performance weakened sharply as revenue declined 17.51%, EBITDA margin contracted by 814 bps, and the quarterly net loss widened significantly versus the strong Q4FY26 base. Overall, the quarter reflects solid annual improvement but softer sequential execution.

Laxmi Organic Industries Ltd – Q1FY27 Results

Verdict

Laxmi Organic Industries delivered a strong Q1FY27 performance with robust revenue growth, significant improvement in EBITDA margins, and more than three-fold growth in net profit compared to the year-ago quarter. Sequentially, the company also reported healthy growth across revenue, margins, and profitability, reflecting improved operating efficiency and stronger business momentum.

Zensar Technologies – Q1FY27 Results

Verdict

ACME Solar Holdings Ltd – Q1FY27 Results