Swaraj Engines – Q4 FY26 Earnings Highlights
Price: ₹3,907 | M.Cap: ₹4,747 Cr | PE: 23.9
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹546 Cr | ▲ 20% | ₹454 Cr | ▲ 15% | ₹473 Cr |
| EBITDA | ₹75.0 Cr | ▲ 21% | ₹61.9 Cr | ▲ 21% | ₹62.0 Cr |
| Net Profit | ₹54.6 Cr | ▲ 20% | ₹45.4 Cr | ▲ 30% | ₹42.1 Cr |
| EPS | ₹44.91 | ▲ 20% | ₹37.39 | ▲ 30% | ₹34.65 |
Verdict
Swaraj Engines delivered a strong quarter with healthy double-digit growth across all key metrics. Both YoY and QoQ performance remained robust, especially the sharp jump in profitability and EPS, indicating improved operational efficiency and steady tractor demand momentum Overall, results reflect consistent earnings visibility with stable margin expansion trends.
ICICI AMC – Mar 2026 Earnings Highlights
Price: ₹3,354 | M.Cap: ₹1,65,750 Cr | PE: 50.3
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹1,517 Cr | ▲ 20% | ₹1,269 Cr | ▲ 0% | ₹1,515 Cr |
| EBITDA | ₹1,160 Cr | ▲ 30% | ₹894 Cr | ▲ 2% | ₹1,140 Cr |
| Net Profit | ₹763 Cr | ▲ 10% | ₹692 Cr | ▼ 17% | ₹917 Cr |
| EPS | ₹15.45 | ▼ 96% | ₹391.86 | ▼ 17% | ₹18.55 |
Verdict
ICICI AMC delivered strong operating growth on a year-on-year basis with healthy expansion in revenue and EBITDA, reflecting robust equity market participation and strength in its asset base. However, net profit declined sequentially on a QoQ basis, indicating margin normalization after a strong December quarter. The sharp YoY decline in EPS appears largely technical (likely adjustment or split-related) rather than reflecting operational weakness. Overall, the structural growth trend remains positive, though near-term earnings momentum softened slightly on a sequential basis.
Just Dial – Q4 FY26 Earnings Highlights
Price: ₹571 | M.Cap: ₹4,860 Cr | PE: 9.5
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹307 Cr | ▲ 6% | ₹289 Cr | ▲ 0.3% | ₹306 Cr |
| EBITDA | ₹88.8 Cr | ▲ 3% | ₹86.1 Cr | ▼ 7% | ₹95.2 Cr |
| Net Profit | ₹100 Cr | ▼ 37% | ₹158 Cr | ▼ 15% | ₹118 Cr |
| EPS | ₹11.76 | ▼ 37% | ₹18.53 | ▼ 15% | ₹13.87 |
Verdict
Just Dial reported modest revenue growth in Q4 FY26, with sales rising slightly both year-on-year and sequentially. However, profitability weakened significantly, as net profit and EPS declined sharply. EBITDA also fell sequentially, indicating margin pressure and reduced operating leverage. Despite stable topline performance, the sharp earnings contraction remains a key concern for near-term sentiment.
Eimco Elecon (India) – Q4 FY26 Earnings Highlights
Price: ₹1,760 | M.Cap: ₹1,016 Cr | PE: 26.2
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹66.9 Cr | ▲ 4% | ₹64.3 Cr | ▲ 6% | ₹63.1 Cr |
| EBITDA | ₹12.9 Cr | ▼ 29% | ₹18.2 Cr | ▲ 3% | ₹12.5 Cr |
| Net Profit | ₹6.36 Cr | ▼ 57% | ₹14.9 Cr | ▼ 49% | ₹12.5 Cr |
| EPS | ₹11.03 | ▼ 57% | ₹25.78 | ▼ 49% | ₹21.70 |
Verdict
Eimco Elecon reported modest growth in revenue during Q4 FY26, but profitability declined sharply both year-on-year and quarter-on-quarter. The steep drop in EBITDA, net profit, and EPS indicates margin pressure and weaker operating leverage in the quarter. While top-line stability provides some support, sustained recovery in margins will be key for improving near-term sentiment.
ICICI Prudential Life – Mar 2026 Earnings Highlights
Price: ₹546 | M.Cap: ₹79,208 Cr | PE: 49.3
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹3,185 Cr | ▼ 80% | ₹15,687 Cr | ▼ 86% | ₹22,834 Cr |
| EBITDA | ₹-754 Cr | ▼ 282% | ₹415 Cr | ▼ 202% | ₹741 Cr |
| Net Profit | ₹624 Cr | ▲ 62% | ₹385 Cr | ▲ 61% | ₹387 Cr |
| EPS | ₹4.30 | ▲ 61% | ₹2.67 | ▲ 61% | ₹2.67 |
Verdict
ICICI Prudential Life reported sharp weakness in topline and operating profitability, with sales declining significantly both year-on-year and quarter-on-quarter and EBITDA turning negative, indicating pressure in core insurance operations and possible accounting-related volatility typical in life insurers. However, strong growth in net profit and EPS suggests support from investment income, actuarial gains, or margin normalization. Overall, results appear operationally weak but headline-profit positive, and investors should closely monitor VNB growth, APE trends, and margin guidance for clearer directional signals ahead.
Anand Rathi Share and Stock Brokers – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Total Revenue | ₹255.65 Cr | ▲ 28.07% | ₹199.63 Cr | ▲ 3.00% | — |
| EBITDA | ₹110.33 Cr | ▲ 51.41% | ₹72.87 Cr | ▲ 9.07% | — |
| EBITDA Margin | 43.16% | ▲ vs 36.50% | 36.50% | ▲ from 40.75% | 40.75% |
| PBT | ₹53.79 Cr | ▲ 109.95% | ₹25.62 Cr | ▲ 8.10% | — |
| PAT | ₹41.56 Cr | ▲ 125.73% | ₹18.41 Cr | ▲ 12.30% | — |
Verdict
Anand Rathi Share and Stock Brokers delivered a strong Q4 FY26 performance with robust growth across revenue and profitability. EBITDA expansion and margin improvement reflect operating leverage benefits, while sharp YoY gains in PBT and PAT indicate strong traction in core broking and wealth segments. Steady QoQ growth suggests sustained momentum going into FY27
Den Networks – Q4 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Revenue | ₹240.57 Cr | ▼ 3.03% | ₹248.10 Cr | ▼ 4.16% | ₹250.99 Cr |
| EBITDA | ₹15.33 Cr | ▼ 46.08% | ₹28.42 Cr | ▲ 16.87% | ₹13.11 Cr |
| EBITDA Margin | 6.37% | ▼ | 11.46% | ▲ | 5.22% |
| PBT | ₹49.24 Cr | ▼ 28.36% | ₹68.73 Cr | ▲ 2.71% | ₹47.94 Cr |
| PAT | ₹36.43 Cr | ▼ 39.14% | ₹59.86 Cr | ▼ 9.80% | ₹40.38 Cr |
| PAT (After Minority Interest) | ₹38.40 Cr | ▼ 38.25% | ₹62.18 Cr | ▲ 1.07% | ₹38.00 Cr |
Verdict
Den Networks reported weak year-on-year performance with sharp declines in EBITDA and profitability, indicating margin pressure in the core business. However, sequential improvement in EBITDA and PBT suggests some operational stabilization during the quarter. Overall, earnings compression persists despite partial QoQ recovery, keeping the near-term outlook cautious.
