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

Verdict

Tata Steel delivered a strong Q4 FY26 performance with healthy double-digit growth in revenue and sharp improvement in profitability. EBITDA margins expanded significantly due to better realizations and operational efficiency, while net profit more than doubled YoY. Sequential growth across sales, EBITDA, and earnings indicates improving business momentum and a stable steel demand environment.

Exceptional items stood at -₹340 Cr compared to -₹389 Cr YoY, with exceptional items ignored for YoY profitability calculations.

Verdict

Deepak Nitrite reported a mixed Q4 FY26 performance with a slight decline in revenue on a yearly basis, but profitability improved sharply. Strong EBITDA expansion and a significant jump in QoQ earnings indicate margin recovery and improved operational efficiency despite softer topline growth.

Verdict

NHPC reported strong revenue growth and a sharp jump in net profit during Q4 FY26, supported by improved operational performance on a sequential basis. Despite a steep year-on-year decline in EBITDA, profitability surged significantly both YoY and QoQ, indicating better non-operating income support and improved overall earnings momentum.

Verdict

Power Grid reported a mixed Q4 FY26 performance. Revenue declined both YoY and QoQ, while EBITDA saw a sharp drop indicating margin pressure. However, net profit and EPS posted healthy growth, suggesting support from other income, lower costs, or exceptional items despite weaker operating performance.

Verdict

Steel Authority of India Limited (SAIL) delivered a strong Q4 FY26 performance with steady revenue growth and sharp improvement in profitability. EBITDA nearly doubled sequentially, while net profit surged both YoY and QoQ due to better operational efficiency, improved steel realizations, and margin expansion. The strong earnings rebound indicates improving momentum for the company heading into FY27.

Verdict

Godfrey Phillips delivered a strong Q4 FY26 performance led by robust margin expansion and sharp profit growth. While sales remained largely stable sequentially, EBITDA and net profit surged both YoY and QoQ, indicating improved operational efficiency and stronger profitability momentum. Exceptional items also turned positive compared to the loss reported in the year-ago period.

Verdict

Hindustan Copper reported a very strong Q4 FY26 performance with sharp growth across all parameters. Revenue growth remained robust while EBITDA and net profit more than doubled on a year-on-year basis, indicating strong operational leverage and improved profitability. The quarter also witnessed exceptional sequential growth, reflecting strong momentum in copper realizations and overall business performance.

Verdict

Godrej Industries reported a very strong Q4 FY26 performance with robust growth across revenue, EBITDA, net profit, and EPS on both YoY and QoQ basis. Sharp margin expansion and significant profit growth indicate improved operational efficiency and strong business momentum across segments.

Verdict

KEC International reported weak operational performance in Q4 FY26 with a double-digit decline in sales and EBITDA on a year-on-year basis. However, profitability improved sharply due to strong bottom-line recovery, leading to a significant jump in net profit and EPS both YoY and QoQ. Sequential revenue growth remained healthy, though margins stayed under pressure.

Verdict

Neogen Chemicals reported a strong Q4 FY26 performance with healthy growth across revenue and profitability. Sales growth remained robust on both YoY and QoQ basis, while sharp improvement in net profit and EPS indicates better operational efficiency and margin expansion. The company delivered particularly strong sequential earnings momentum during the quarter.

Verdict

Vodafone Idea reported stable operational growth in Q4 FY26 with modest improvement in revenue and EBITDA on both YoY and QoQ basis. ARPU growth remained healthy, indicating improving monetisation trends. However, the reported net profit was largely driven by exceptional items worth ₹57,491 Cr, while core business performance continues to remain under pressure despite gradual operational recovery.

Verdict

EPack PrefabTech delivered a strong Q4 FY26 performance with robust growth across revenue, EBITDA, and profitability. The sharp QoQ jump in net profit and EPS indicates improving execution, better operating leverage, and healthy demand momentum heading into FY27.

Verdict

Uno Minda delivered a strong Q4 FY26 performance with healthy double-digit growth across revenue, EBITDA, net profit, and EPS on both YoY and QoQ basis. Margin expansion and consistent profitability indicate strong demand momentum in the auto ancillary segment along with operational efficiency improvements.

Verdict

Oswal Pumps delivered strong Q4 FY26 performance with robust growth in sales and net profit on a year-on-year basis. Revenue momentum remained healthy sequentially as well, while EBITDA moderated slightly QoQ due to margin pressure. Overall profitability stayed strong with stable earnings and continued operational momentum.

Verdict

Genus Power Infrastructures delivered a strong Q4 FY26 performance with robust growth across revenue, EBITDA, net profit, and EPS on both YoY and QoQ basis. Strong sales momentum and healthy profitability growth indicate continued execution strength, likely supported by smart meter order inflows and improving operational scale.

Verdict

Genus Power Infrastructures delivered a strong Q4 FY26 performance with robust growth across revenue, EBITDA, net profit, and EPS on both YoY and QoQ basis. Strong sales momentum and healthy profitability growth indicate continued execution strength, likely supported by smart meter order inflows and improving operational scale.

Verdict

Tatva Chintan Pharma Chem Ltd. delivered a strong Q4 FY26 performance with robust growth across revenue and operating profit. EBITDA margins improved sharply on a yearly basis, reflecting better operational efficiency. While net profit and EPS saw sequential moderation compared to the previous quarter, the company maintained healthy profitability momentum backed by strong YoY expansion.

Verdict

Delhivery reported strong revenue and EBITDA growth in Q4 FY26, reflecting continued improvement in operating efficiency and scale. While net profit remained flat on a year-on-year basis, the sharp sequential recovery in profitability and EPS indicates improving business momentum and margin expansion.

Verdict

Atul Auto reported a strong Q4 FY26 performance with healthy double-digit sales growth and sharp improvement in profitability. EBITDA and net profit more than doubled on a yearly basis, reflecting better operational efficiency and margin expansion. Despite a slight sequential dip in EBITDA and EPS, the company maintained solid earnings momentum with strong QoQ growth in net profit.

Verdict

Latent View delivered healthy revenue and EBITDA growth in Q4 FY26 with steady sequential improvement, reflecting strong business momentum and margin stability. However, net profit and EPS remained largely flat on a yearly basis despite operational growth, indicating some pressure from higher costs or lower other income. Overall, the quarter reflects stable execution with improving QoQ profitability trends.

Verdict

Hind Rectifiers reported strong revenue growth in Q4 FY26 with sales rising sharply on both YoY and QoQ basis. However, profitability weakened significantly as EBITDA margins collapsed and the company slipped into a net loss despite higher revenues, indicating pressure on costs and operational performance during the quarter.

Verdict

Symphony reported a weak Q4 FY26 performance on a year-on-year basis with sharp declines in sales, EBITDA, profitability, and EPS. The company slipped into a net loss mainly due to a large exceptional loss of ₹209 Cr. However, sequentially, operational performance improved strongly with healthy QoQ recovery in sales and EBITDA, indicating some improvement in demand and margins compared to the previous quarter.

Verdict

Amber Enterprises India delivered a strong operational recovery in Q4 FY26 with healthy growth in sales and EBITDA. The company reported a sharp turnaround in profitability on a sequential basis, moving from a loss in the previous quarter to a robust profit in Q4. Demand recovery in room air conditioners and electronics manufacturing likely supported topline momentum, though EBITDA margin expansion remained relatively moderate despite strong revenue growth.

Verdict

Cupid delivered exceptionally strong Q4 FY26 results with sharp growth across revenue and profitability. Sales more than doubled YoY while EBITDA and net profit surged over 170% and 200% respectively, indicating strong operating leverage and margin expansion. Sequential growth also remained healthy, reflecting sustained business momentum and robust earnings performance.

Verdict

Aarti Drugs reported healthy revenue growth in Q4 FY26 with strong sequential recovery in EBITDA and net profit. However, despite operational improvement, profitability remained lower on a year-on-year basis, leading to a decline in net profit and EPS compared to last year. The sharp QoQ jump indicates improving business momentum and margin recovery.

Verdict

Arvind Limited delivered a strong Q4 FY26 performance with healthy growth across revenue and operating profit. EBITDA growth outpaced sales growth, indicating margin improvement and better operational efficiency. Net profit and EPS also showed solid sequential recovery, reflecting improved business momentum and profitability in the quarter.

Verdict

Balrampur Chini reported steady revenue growth in Q4 FY26 with improvement on a sequential basis across profitability metrics. However, year-on-year margins and earnings remained under pressure, leading to a sharp decline in EBITDA, net profit, and EPS compared to last year. The strong QoQ recovery indicates improving operational momentum entering the next season.

Verdict

Fineotex Chemical reported a very strong Q4 FY26 performance with sharp growth across revenue and profitability. Sales more than doubled YoY while EBITDA and net profit showed robust expansion, reflecting strong operational execution and improved business momentum. Sequential growth also remained healthy across all key parameters, indicating sustained demand and margin strength heading into FY27.

Verdict

Jupiter Life Line Hospitals reported a healthy Q4 FY26 performance with steady growth across revenue, EBITDA, profit, and EPS on both YoY and QoQ basis. Margin expansion and stronger sequential profit growth indicate improving operational efficiency and sustained demand momentum in the hospital business.

Verdict

Cochin Shipyard reported a mixed Q4 FY26 performance. Revenue declined sharply on a year-on-year basis, but operational profitability improved strongly with EBITDA growth and margin expansion. Quarter-on-quarter performance was robust across all profitability metrics, reflecting improved execution and recovery in earnings momentum despite lower annual sales growth.

Verdict

Azad Engineering delivered a strong Q4 FY26 performance with healthy growth across sales, EBITDA, net profit, and EPS on a year-on-year basis. Margins remained robust despite a slight sequential dip in EBITDA, while profit growth continued to improve QoQ, reflecting strong execution and demand momentum.

Verdict

VST Tillers Tractors reported healthy growth in sales and operating profit during Q4 FY26, with both YoY and QoQ improvement in EBITDA performance. However, net profit and EPS witnessed a sharp decline despite stronger operational numbers, indicating pressure from exceptional items, higher costs, or margin impact below the EBITDA level.

Verdict

Gland Pharma reported a strong Q4 FY26 performance with robust growth across all key parameters. Sales growth remained healthy, while EBITDA and net profit surged sharply both YoY and QoQ, indicating strong operational efficiency, better margins, and improving business momentum. EPS nearly doubled YoY, reflecting a significant improvement in profitability.

Verdict

Premier Energies delivered a strong Q4 FY26 performance with robust growth across revenue and profitability. Sales, EBITDA, net profit, and EPS posted healthy year-on-year as well as quarter-on-quarter growth, reflecting strong operational execution and sustained demand momentum. Net profit and EPS showed exceptional year-on-year expansion, highlighting improved margins and earnings strength.

Verdict

Solar Industries delivered an exceptional Q4 FY26 performance with strong growth across all key parameters. Revenue growth remained robust, while EBITDA and net profit significantly outpaced sales growth, indicating margin expansion and strong operational efficiency. The healthy QoQ improvement further reflects sustained momentum in both domestic and export businesses.

Verdict

NCC reported stable revenue growth in Q4 FY26 with strong sequential recovery across sales, EBITDA, and profitability. However, year-on-year pressure on margins and profit remained visible, leading to a decline in net profit and EPS despite healthy execution momentum on a quarter-on-quarter basis.