Q4 Earnings Snapshot 2026 – Winners, Surprises & Misses Revealed!

Verdict

Schaeffler India delivered strong double-digit YoY growth across revenue, EBITDA, and net profit, reflecting steady demand from the auto and industrial segments 🚗⚙️. However, sequential moderation in sales and margins QoQ suggests near-term normalization after a strong previous quarter. Overall, earnings remain structurally healthy, but the premium valuation (P/E ~54) indicates markets are already pricing in sustained growth momentum 📈.

Verdict

Force Motors reported healthy revenue and operating profit growth in Q4 FY26, with sales rising 8% YoY and EBITDA increasing a strong 26% YoY, reflecting improved operating performance and margin strength. However, reported net profit and EPS declined sharply on both YoY and QoQ basis due to the high base created by exceptional income in the previous year. Operationally, the core business momentum remains positive, but headline earnings appear weaker because of normalization after one-offs.

Verdict

Sterlite Technologies delivered a strong turnaround quarter with sharp improvement across revenue, operating profit, and bottom-line performance. The shift from losses to profit both YoY and QoQ signals improving execution, better operating leverage, and recovery in demand momentum.

However, despite the earnings rebound, the stock trades at a high valuation (PE ~305), meaning sustained profit consistency and stronger order inflow visibility will be critical for further rerating going forward.

Verdict

Granules India delivered a strong earnings quarter, with robust double-digit growth across sales, EBITDA, net profit, and EPS on a YoY basis, supported by margin expansion and operational efficiency. Sequential performance also remained healthy, especially the sharp QoQ jump in profitability, indicating improving product mix and execution momentum. Overall, results reflect sustained earnings strength with improving margins, supporting a positive medium-term outlook.

Verdict

Adani Power reported flat revenue and marginally lower EBITDA on a YoY basis, indicating stable operating performance despite sector volatility. However, strong growth in net profit both YoY and QoQ suggests improved realizations, cost efficiencies, or operating leverage benefits. Sequential performance reflects clear earnings momentum recovery, making the quarter profit-positive while operational expansion remained largely stable.

Verdict

Motilal Oswal Financial Services delivered exceptionally strong revenue growth and continued momentum across asset management, private wealth, capital markets, and housing finance, reinforcing its transition toward a high-ARR, fee-based franchise. However, treasury volatility significantly impacted profitability, resulting in a consolidated loss and weaker cash-flow quality during Q4.

Structurally, the core businesses remain strong and scalable, but earnings volatility from treasury exposure and rising leverage remain near-term concerns. The medium-term outlook stays positive if treasury normalization occurs and ARR contribution continues expanding.

Verdict

MOIL delivered stable revenue growth on a YoY basis, but profitability declined, indicating margin pressure during the year. However, strong QoQ recovery across EBITDA, net profit, and EPS signals improving operational momentum in the latest quarter. If manganese price trends remain supportive and volume growth sustains, earnings trajectory may strengthen going forward—though the YoY profit contraction keeps the outlook cautiously positive.

Verdict

Geojit Financial Services delivered mixed Q4 FY26 results. While revenue growth remained positive and profits improved sequentially, sharp YoY declines in EBITDA and net profit indicate margin pressure. The QoQ recovery signals early stabilization, but sustained earnings visibility will depend on brokerage volumes, market participation trends, and cost control going forward. Near-term outlook remains neutral with gradual recovery bias.

Verdict

NDTV reported moderate year-on-year revenue growth in Q4 FY26; however, profitability weakened sharply with EBITDA and net losses widening both YoY and QoQ. The deterioration in margins suggests elevated operating costs or restructuring-related pressures. Despite stable topline performance, continued deep losses remain a key concern, indicating weak near-term earnings visibility unless operational efficiency improves. 📉

Verdict

Mindspace Business Parks REIT delivered a strong Q4 FY26 performance, with robust double-digit YoY growth across revenue and EBITDA and a sharp jump in net profit and EPS, reflecting improved operating leverage and income stability from its office asset portfolio. Sequential growth remained steady but moderate, indicating consistent rental momentum rather than one-time gains. Overall, the results signal healthy leasing traction and stable cash-flow visibility, supportive for long-term REIT income investors.

Verdict

Ador Welding delivered strong profitability-led growth in Q4 FY26, with EBITDA, net profit, and EPS rising sharply both YoY and QoQ, indicating margin expansion and improved operating efficiency. While revenue growth remained modest, the sharp earnings acceleration signals improving business quality. At ~21.6× PE, the stock sits in a reasonable valuation zone for steady industrial earnings momentum, supported by margin strength.

Verdict

Anand Rathi Wealth delivered strong profit growth on a YoY basis, with net profit and EPS rising 41%, indicating healthy operating leverage and client asset expansion. However, EBITDA declined both YoY and sharply QoQ, suggesting margin pressure during the quarter.

Revenue remained largely stable sequentially, while profitability held firm QoQ—showing resilience despite operating softness. With a premium valuation (PE 76), the stock likely continues to price in strong AUM growth visibility and wealth-management tailwinds, but margin trajectory will be key to watch ahead.