Dalmia Bharat Ltd – Q4 FY26 Earnings Highlights
| Metric | Actual | YoY Change | YoY Base | QoQ Change | QoQ Base | Estimates | Beat/Miss |
|---|---|---|---|---|---|---|---|
| Revenue | ₹4,245 Cr | ▲ 4% | ₹4,091 Cr | ▲ 21% | ₹3,506 Cr | ₹4,355 Cr | Miss ❌ |
| EBITDA | ₹902 Cr | ▲ 14% | ₹793 Cr | ▲ 50% | ₹602 Cr | ₹851 Cr | Beat ✅ |
| EBITDA Margin | 21.2% | ▲ 180 bps | 19.4% | ▲ 400 bps | 17.2% | 19.5% | Beat ✅ |
| Net Profit | ₹394 Cr | ▼ 9% | ₹439 Cr | ▲ 208% | ₹128 Cr | ₹336 Cr | Beat ✅ |
| EPS | ₹20.63 | ▼ 11% | ₹23.19 | ▲ 217% | ₹6.50 | — | — |
Verdict
Dalmia Bharat delivered a margin-led strong quarter with a sharp QoQ recovery in profitability and operating leverage. Despite a slight YoY decline in net profit and EPS, EBITDA outperformance and margin expansion indicate improving cost efficiency. Revenue miss remains a mild concern, but overall results reflect operational strength heading into FY27.
Maruti Suzuki India Limited – Q4 FY26 Earnings Highlights
Price: ₹12,892 M.Cap: ₹4,05,216 Cr PE: 27.6
| Metric | Actual | YoY Change | YoY Base | QoQ Change | QoQ Base | Estimates | Beat/Miss |
|---|---|---|---|---|---|---|---|
| Sales | ₹52,462 Cr | ▲ 28% | ₹40,920 Cr | ▲ 5% | ₹49,904 Cr | ₹51,161 Cr | Beat ✅ |
| EBITDA | ₹6,158 Cr | ▲ 27% | ₹4,844 Cr | ▲ 10% | ₹5,573 Cr | ₹6,142 Cr | In-line ➖ |
| Net Profit | ₹3,659 Cr | ▼ 6% | ₹3,911 Cr | ▼ 6% | ₹3,879 Cr | ₹4,150 Cr | Miss ❌ |
| EBITDA Margin | 11.07% | — | — | — | — | 12% | Miss ❌ |
| EPS | ₹116.38 | ▼ 6% | ₹124.40 | ▼ 6% | ₹123.38 | — | — |
Key Highlights:
- Tax expense increased to ₹1,245 Cr vs ₹1,005 Cr YoY
- Other income declined sharply to ₹500 Cr vs ₹1,528 Cr YoY
- Final dividend announced: ₹140 per share
Verdict
Maruti Suzuki delivered strong revenue and EBITDA growth both YoY and QoQ, reflecting healthy volume momentum and pricing strength. However, net profit declined due to higher tax outgo and sharply lower other income, leading to a margin miss versus estimates. Overall, results are operationally steady but bottom-line weak, suggesting near-term pressure on profitability despite solid demand traction.
Eternal – Q4 FY26 Earnings Highlights 📊🍽️
| Metric | Actual | YoY Change | YoY Base | QoQ Change | QoQ Base | Estimates | Beat / Miss |
|---|---|---|---|---|---|---|---|
| Revenue | ₹17,292 Cr | ▲ 196% | ₹5,833 Cr | ▲ 6% | ₹16,315 Cr | ₹17,155 Cr | Beat ✅ |
| EBITDA | ₹486 Cr | ▲ 575% | ₹72 Cr | ▲ 32% | ₹368 Cr | ₹400 Cr | Beat ✅ |
| Net Profit | ₹174 Cr | ▲ 346% | ₹39 Cr | ▲ 71% | ₹102 Cr | ₹191 Cr | Miss ❌ |
| EPS | ₹0.18 | ▲ 350% | ₹0.04 | ▲ 64% | ₹0.11 | — | — |
| EBITDA Margin | ~2.8% | — | — | — | — | 2.3% | Beat ✅ |
Key Internals
- Food Delivery NOV ▲ 18.8% vs expected 16–18% growth
- Quick Commerce NOV ▲ 95% vs expected 95–100% growth
- District loss narrowed from ₹121 Cr to ₹81 Cr QoQ
Verdict
Eternal delivered a strong operational quarter with sharp YoY growth across revenue, EBITDA, and profit, supported by improving execution in Quick Commerce and Food Delivery. Revenue, EBITDA and margins beat estimates, though net profit slightly missed expectations. With 60% Quick Commerce CAGR guidance intact, expanding dark store network toward 3,000 locations, medium-term margin visibility of 3–3.5%, and a long-term EBITDA aspiration of $1B by FY29, the structural growth narrative remains robust. Near-term sentiment stays positive with improving profitability trajectory
Bandhan Bank – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| PPOP | ₹1,441.16 Cr | ▼ 8.28% | ₹1,571.34 Cr | ▼ 0.27% | ₹1,445.06 Cr |
| Provisions | ₹677.01 Cr | ▼ 46.28% | ₹1,260.16 Cr | ▼ 41.37% | ₹1,154.71 Cr |
| PBT | ₹764.15 Cr | ▲ 145.57% | ₹311.18 Cr | ▲ 163.16% | ₹290.44 Cr |
| PAT | ₹534.14 Cr | ▲ 68.02% | ₹317.90 Cr | ▲ 159.81% | ₹205.59 Cr |
| GNPA | 3.27% | ▼ 1.44% | 4.71% | ▼ 0.06% | 3.33% |
| NNPA | 0.97% | ▼ 0.31% | 1.28% | ▼ 0.02% | 0.99% |
Verdict
Bandhan Bank reported a strong profitability recovery in Q4 FY26 driven mainly by a sharp decline in provisions, which significantly lifted PBT and PAT both YoY and QoQ. Asset quality improved further with lower GNPA and NNPA levels, reflecting strengthening balance-sheet health. However, slightly weaker PPOP indicates mild pressure on core operating performance. Overall, results suggest earnings normalization supported by improving asset quality trends.
Sanofi India – Mar 2026 Earnings Highlights
Price: ₹3,469 | M.Cap: ₹7,985 Cr | PE: 24.3
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹472 Cr | ▼ 12% | ₹536 Cr | ▲ 12% | ₹420 Cr |
| EBITDA | ₹143 Cr | ▼ 17% | ₹172 Cr | ▲ 58% | ₹90.3 Cr |
| Net Profit | ₹103 Cr | ▼ 14% | ₹120 Cr | ▲ 67% | ₹61.7 Cr |
| EPS | ₹44.61 | ▼ 14% | ₹51.96 | ▲ 66% | ₹26.83 |
Verdict
Sanofi India reported weaker YoY performance across sales and profitability, indicating pressure on core operations versus last year’s strong base. However, strong QoQ recovery in EBITDA and net profit suggests margin normalization and improved operational momentum in the latest quarter. Overall trend: short-term recovery visible, but yearly growth trajectory remains soft, keeping the outlook cautiously stable.
Garden Reach Shipbuilders & Engineers – Mar 2026 Earnings Highlights ⚓📊
Price: ₹2,875 | M.Cap: ₹32,913 Cr | PE: 44.0
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹2,119 Cr | ▲ 29% | ₹1,642 Cr | ▲ 12% | ₹1,896 Cr |
| EBITDA | ₹355 Cr | ▲ 61% | ₹221 Cr | ▲ 106% | ₹172 Cr |
| Net Profit | ₹303 Cr | ▲ 24% | ₹244 Cr | ▲ 77% | ₹171 Cr |
| EPS | ₹26.47 | ▲ 24% | ₹21.32 | ▲ 78% | ₹14.91 |
Verdict
Garden Reach Shipbuilders delivered a strong operational quarter, with sharp QoQ acceleration in EBITDA and profitability, indicating margin expansion and execution strength. Steady YoY growth across revenue and earnings reflects continued traction from defence shipbuilding orders. With a robust order pipeline and improving profitability trend, the results remain structurally positive from a medium-term perspective.
Star Health Insurance – Mar 2026 Earnings Highlights
Price: ₹517 | M.Cap: ₹30,459 Cr | PE: 54.7
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹4,648 Cr | ▲ 14% | ₹4,081 Cr | ▲ 2% | ₹4,566 Cr |
| EBITDA | ₹148 Cr | ▲ 2117% | -₹7.32 Cr | ▼ 14% | ₹172 Cr |
| Net Profit | ₹111 Cr | ▲ 21,731% | ₹0.51 Cr | ▼ 13% | ₹128 Cr |
| EPS | ₹1.89 | ▲ 18,800% | ₹0.01 | ▼ 13% | ₹2.18 |
Verdict
Star Health Insurance delivered a sharp turnaround year-on-year, moving from near-breakeven profitability to strong earnings growth, supported by improved underwriting performance and operating leverage. However, sequential moderation in EBITDA, net profit, and EPS suggests some near-term margin normalization after the previous quarter’s stronger base. Overall trend remains structurally positive with improving profitability trajectory, but sustainability of margins will be key to watch going forward.
Brigade Hotel – Mar 2026 Earnings Highlights 📊
Price: ₹68 | M.Cap: ₹2,586 Cr | PE: 44.2
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹136 Cr | ▲ 2% | ₹134 Cr | ▼ 2% | ₹139 Cr |
| EBITDA | ₹48.5 Cr | ▼ 4% | ₹50.3 Cr | ▲ 3% | ₹47.3 Cr |
| Net Profit | ₹25.1 Cr | ▲ 102% | ₹13.1 Cr | ▲ 16% | ₹21.7 Cr |
| EPS | ₹0.60 | ▲ 50% | ₹0.40 | ▲ 13% | ₹0.53 |
Verdict
Brigade Hotel reported modest revenue growth with margin pressure on a YoY basis, reflected in slightly lower EBITDA. However, a sharp improvement in net profit suggests benefits from cost control, finance savings, or operating leverage. Sequentially, profitability improved despite mild revenue softness, indicating stable business momentum. Overall, results highlight improving bottom-line strength, though margin sustainability remains a key monitorable going ahead.
Canara HSBC – Mar 2026 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,374 Cr | ▼ 51% | ₹2,783 Cr | ▼ 67% | ₹4,202 Cr |
| EBITDA | ₹116 Cr | ▲ 236% | ₹34.4 Cr | Strong improvement | –₹70.2 Cr (Loss) |
| Net Profit | ₹34.7 Cr | ▲ 8% | ₹32.1 Cr | ▲ 26% | ₹27.6 Cr |
| EPS | ₹0.37 | ▲ 9% | ₹0.34 | ▲ 28% | ₹0.29 |
Verdict
Canara HSBC reported sharp YoY EBITDA improvement and steady profit growth, indicating margin recovery and operational strengthening. However, revenue declined significantly both YoY and QoQ, which remains the key concern. The quarter reflects profit resilience despite top-line pressure, but sustained growth will depend on recovery in premium and sales momentum going forward.
CEAT Limited – Q4 FY26 Earnings Highlights
Price: ₹3,517 | M.Cap: ₹14,222 Cr | PE: 19
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹4,219 Cr | ▲ 23% | ₹3,421 Cr | ▲ 1% | ₹4,157 Cr |
| EBITDA | ₹593 Cr | ▲ 53% | ₹388 Cr | ▲ 5% | ₹563 Cr |
| Net Profit | ₹244 Cr | ▲ 99% | ₹98.7 Cr | ▲ 57% | ₹155 Cr |
| EPS | ₹60.28 | ▲ 145% | ₹24.60 | ▲ 57% | ₹38.51 |
Verdict
CEAT delivered a strong profitability-led quarter with sharp year-on-year growth across EBITDA, net profit, and EPS, indicating margin expansion and operating leverage benefits. While revenue growth remained stable sequentially, earnings surged significantly due to improved realizations and cost efficiencies. Overall, the results reflect healthy demand momentum and improving tyre-cycle profitability, supporting a positive near-term outlook. 📈
Go Digit General Insurance – Mar 2026 Earnings Highlights
Price: ₹317 | M.Cap: ₹29,311 Cr | PE: 53.9
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹2,711 Cr | ▲ 4% | ₹2,594 Cr | ▲ 5% | ₹2,570 Cr |
| EBIDT | ₹-297 Cr | ▼ 42% | ₹-209 Cr | ▼ 283% | ₹162 Cr |
| Net Profit | ₹149 Cr | ▲ 29% | ₹116 Cr | ▲ 6% | ₹140 Cr |
| EPS | ₹1.62 | ▲ 30% | ₹1.25 | ▲ 7% | ₹1.52 |
Verdict
Go Digit reported steady premium growth and strong year-on-year improvement in profitability, reflected in higher net profit and EPS. However, sharp deterioration in EBIDT on a quarter-on-quarter basis indicates pressure on underwriting margins and operating costs during the quarter. Overall performance remains profit-supportive but margin-sensitive, suggesting investors should closely watch expense ratios and combined ratio trends going forward.
Skipper – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,667 Cr | ▲ 29% | ₹1,288 Cr | ▲ 22% | ₹1,371 Cr |
| EBITDA | ₹173 Cr | ▲ 40% | ₹124 Cr | ▲ 23% | ₹141 Cr |
| Net Profit | ₹75.6 Cr | ▲ 70% | ₹44.4 Cr | ▲ 51% | ₹50.2 Cr |
| EPS | ₹6.69 | ▲ 70% | ₹3.93 | ▲ 51% | ₹4.44 |
Verdict
Skipper delivered a strong Q4 FY26 with robust growth across revenue and profitability. The sharp rise in net profit and EPS both YoY and QoQ indicates margin expansion and strong execution in transmission & infrastructure segments. Overall results reflect improving operating leverage and healthy order-driven momentum ahead.
Motherson Wiring – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹3,335 Cr | ▲ 33% | ₹2,510 Cr | ▲ 16% | ₹2,887 Cr |
| EBITDA | ₹274 Cr | ▲ 1% | ₹271 Cr | ▲ 5% | ₹262 Cr |
| Net Profit | ₹167 Cr | ▲ 1% | ₹165 Cr | ▲ 12% | ₹149 Cr |
| EPS | ₹0.25 | ▲ 0% | ₹0.25 | ▲ 9% | ₹0.23 |
Verdict
Motherson Wiring reported strong revenue growth driven by volume expansion and OEM demand , but profitability remained largely flat on a YoY basis due to margin pressure. Sequential improvement in EBITDA and net profit indicates gradual operational recovery . Stable EPS suggests earnings consolidation despite top-line strength. Overall, results reflect healthy growth in business momentum but muted margin expansion going forward.
Greenply Industries – Q4 FY26 Earnings Highlights
| Metric | Q4 FY26 | YoY Change | YoY Base (Q4 FY25) | QoQ Change | QoQ Base (Q3 FY26) |
|---|---|---|---|---|---|
| Sales | ₹776 Cr | ▲ 20% | ₹649 Cr | ▲ 15% | ₹673 Cr |
| EBITDA | ₹86.6 Cr | ▲ 87% | ₹46.4 Cr | ▲ 69% | ₹51.2 Cr |
| Net Profit | ₹31.0 Cr | ▲ 151% | ₹16.6 Cr | ▲ 117% | ₹14.3 Cr |
| EPS | ₹2.46 | ▲ 86% | ₹1.32 | ▲ 114% | ₹1.15 |
Verdict
Greenply delivered a strong quarter with sharp profitability expansion. While revenue growth remained steady, EBITDA and net profit surged significantly both YoY and QoQ, indicating margin improvement and operating leverage benefits. The sharp jump in earnings suggests improving plywood and MDF segment traction along with efficiency gains — overall results positive from a trader as well as medium-term perspective.
AWL Agri Business – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹21,465 Cr | ▲ 18% | ₹18,230 Cr | ▲ 15% | ₹18,603 Cr |
| EBITDA | ₹524 Cr | ▲ 17% | ₹448 Cr | ▼ 5% | ₹553 Cr |
| Net Profit | ₹293 Cr | ▲ 54% | ₹191 Cr | ▲ 9% | ₹269 Cr |
| EPS | ₹2.25 | ▲ 54% | ₹1.46 | ▲ 9% | ₹2.07 |
Verdict
AWL Agri Business delivered a strong Q4 FY26 performance with solid growth across sales, EBITDA, net profit, and EPS on a year-on-year basis. While EBITDA moderated slightly on a sequential basis, profitability remained healthy with strong double-digit earnings expansion YoY and steady improvement in net profit and EPS QoQ — indicating continued momentum in the core edible oil and packaged food segments.
Castrol India – Q4 FY26 Earnings Highlights
Price: ₹184 | M.Cap: ₹18,187 Cr | P/E: 18.7
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,545 Cr | ▲ 9% | ₹1,422 Cr | ▲ 7% | ₹1,440 Cr |
| EBITDA | ₹329 Cr | ▲ 7% | ₹307 Cr | ▼ 11% | ₹368 Cr |
| Net Profit | ₹242 Cr | ▲ 4% | ₹233 Cr | ▼ 1% | ₹245 Cr |
| EPS | ₹2.45 | ▲ 4% | ₹2.36 | ▼ 1% | ₹2.47 |
Verdict
Castrol India delivered steady year-on-year growth across sales, EBITDA, and net profit, supported by stable lubricant demand and pricing discipline. However, sequential margin pressure is visible with an 11% QoQ decline in EBITDA and largely flat profit performance, indicating short-term cost or product mix challenges. Overall, the quarter reflects consistent but moderate earnings momentum rather than strong expansion. 📊📉
Emmvee Photovoltaic Power Ltd – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Revenue | ₹1,738.81 Cr | ▲ 62.25% | ₹1,071.68 Cr | ▲ 50.91% | ₹1,152.23 Cr |
| EBITDA | ₹571.11 Cr | ▲ 58.35% | ₹360.66 Cr | ▲ 38.16% | ₹413.38 Cr |
| EBITDA Margin | 32.84% | ▼ 81 bps | 33.65% | ▼ 304 bps | 35.88% |
| PAT | ₹392.38 Cr | ▲ 89.43% | ₹207.14 Cr | ▲ 48.83% | ₹263.64 Cr |
| Other Income | ₹5.03 Cr | ▲ 55.25% | ₹3.24 Cr | ▼ 67.95% | ₹15.69 Cr |
Verdict
Emmvee Photovoltaic Power Ltd delivered a strong Q4 FY26 performance with robust growth across revenue and PAT on both YoY and QoQ basis . Despite a moderate decline in EBITDA margin, sharp earnings expansion and lower finance cost supported profitability, indicating improving operational leverage and balance-sheet efficiency. Overall, results remain operationally positive with healthy profitability traction driven by strong momentum in the solar manufacturing business.
