Q1 FY26 earnings calls.

Aarti Pharmalabs reported Q1 FY26 consolidated revenue of ₹386 crore, down ~30% YoY due to Ganesh Polychem deconsolidation and a planned shutdown. However, EBITDA margin expanded to 24.6% (+720bps YoY) driven by a favora

ABB India reported a mixed Q1 FY26. Orders surged 25% YoY to a strong level, driven by data centers and railways, with order backlog reaching INR 11,000 crore. However, revenue grew only 6% YoY to INR 3,184 crore, impact

ABB India reported a mixed Q2 CY2025 with revenue of ₹3,317.5 crore (+12% YoY), driven by strong execution and a record order backlog of ₹10,764 crore. However, profitability was impacted by one-offs: a ₹39.5 crore provi

Adani Enterprises reported Q1 FY26 consolidated total income of INR 22,437 crore and EBITDA of INR 3,786 crore, impacted by global trade uncertainties. Incubating businesses showed mixed performance: airport EBITDA grew

Adani Green Energy delivered a strong Q1 FY26, with revenue from power supply rising 31% YoY to ₹3,312 crore and EBITDA up 31% to ₹3,108 crore, yielding an industry-best EBITDA margin of 92.8%. Operational capacity reach

Adani Power reported Q1FY26 revenue of INR 14,168 crore (down 5.9% YoY) and EBITDA of INR 5,744 crore (down 8.7% YoY), impacted by early monsoon and lower merchant tariffs. PAT stood at INR 3,305 crore (down 15.5% YoY).

Adani Total Gas reported a strong Q1 FY26 with revenue of INR 1,491 crore (+21% YoY) and EBITDA of INR 301 crore, driven by 16% volume growth to 267 MMSCM. CNG volumes surged 21% to 1.5 BSCM, while PNG grew 6%. The compa

Adani Ports reported a mixed Q1 FY26 with strong growth in logistics and marine segments offsetting domestic port volume headwinds. Logistics revenue doubled to INR 1,169 crore, while marine revenue surged 2.9x to INR 54

Aditya Birla Capital reported a solid Q1 FY26 with consolidated PAT up 10% YoY to INR 835 crore and revenue up 10% to INR 11,343 crore. The NBFC segment saw 22% YoY AUM growth to INR 1.31 trillion, with credit costs stab

Aditya Birla Capital reported a solid Q1 FY26 with consolidated PAT up 10% YoY to ₹835 crore and revenue up 10% to ₹11,333 crore. The NBFC segment saw AUM growth of 22% YoY with credit costs stable at 1.3%, while the hou

ABFRL delivered a solid Q1 FY26 with revenue of INR 1,831 crore (+9% YoY) and EBITDA of INR 169 crore (+38% YoY), driven by strong performance in ethnic wear (+25% YoY) and TMRW (+38% YoY). The ethnic business turned EBI

ABFRL reported a steady Q1 FY26 with revenue of ₹1,831 crore (+9% YoY) and EBITDA of ₹169 crore (+38% YoY), driven by strong performance in ethnic wear (+25% YoY) and the Tomorrow portfolio (+38% YoY). The ethnic busines

Aegis Logistics reported a solid Q1 FY26 with PAT of 175 crore, up 11% YoY, driven by strong LPG volumes and stable liquid terminal performance. LPG throughput hit a record 1.16 million tons (+15% YoY), while distributio

Agarwal Industrial reported a weak Q1 FY26 with revenue of ₹594 crore, down 16.1% YoY, and EBITDA margin of 6.4%. Bitumen volumes fell to 124,600 MT due to geopolitical disruptions (India-Pakistan tensions, Middle East i

AIA Engineering reported Q1 FY26 revenue of INR 1,026 crore with EBITDA of INR 420 crore (40.46% margin), driven by favorable product mix and lower input costs. Volumes were flat YoY at 60,156 tons, with mining volumes d

Ajanta Pharma delivered a 14% revenue growth to INR 1,303 crore in Q1 FY26, driven by a 36% surge in US generics (INR 310 crore) and 16% India growth (INR 409 crore). Gross margin expanded 200 bps to 79% due to favorable

Akums Drugs reported a mixed Q1 FY26. CDMO revenue grew 4% YoY to ₹813 crore, but volumes were modest at 1% due to continued API price declines. EBITDA margins remained healthy at 14.7%, supported by better product mix.

Alkem Laboratories reported a strong Q1 FY26 with revenue of INR 3,371 crore (+11.2% YoY) and EBITDA of INR 739 crore (+21.4% YoY), driven by robust domestic growth (12% YoY) and improved gross margins from lower API cos

Alkem Laboratories reported a strong Q1 FY26 with revenue of ₹3,371 crore (+11.2% YoY) and EBITDA of ₹739 crore (+21.4% YoY), driven by robust domestic growth (12% YoY) and improved gross margins from lower API costs and

Amara Raja's Q1 FY26 consolidated revenue grew 4% YoY to ₹3,411 crore, driven by robust OEM demand (12-13% growth) and aftermarket expansion, but weighed down by export degrowth of 7-8% and a 30% decline in telecom lead-

Apar Industries reported a strong Q1 FY26 with revenue of ₹5,104 crore (+27.3% YoY), EBITDA of ₹501 crore (+27% YoY), and PAT of ₹263 crore (+30% YoY). Growth was driven by robust domestic demand across all segments, par

Apollo Hospitals delivered a strong Q1 FY26 with consolidated revenue of ₹5,842 crore (+15% YoY) and EBITDA of ₹852 crore (+26% YoY). Healthcare services revenue grew 11% to ₹2,935 crore, with margins expanding 88 bps to

Apollo Pipes reported a flat year-on-year consolidated sales volume in Q1 FY26, with margins under pressure due to low capacity utilization and heightened competition. The PVC pipe industry continues to face headwinds fr

Apollo Hospitals delivered a strong Q1 FY26 with consolidated revenue of INR 5,842 crore (+15% YoY) and PAT of INR 433 crore (+42% YoY). Healthcare Services revenue grew 11% to INR 2,935 crore, with EBITDA margins at 24.

Ashok Leyland reported a resilient Q1 FY2026 with record revenue of INR 8,725 crore, EBITDA of INR 970 crore, and PAT of INR 594 crore, despite a 2% industry decline in MHCV volumes. EBITDA margin expanded 50 bps YoY to

Ashok Leyland delivered a record Q1 with revenue of ₹8,725 crore (+1.5% YoY) and PAT of ₹594 crore (+13% YoY), driven by market share gains (M&HCV at 31.1%, LCV at 12.9%), premiumization, and cost controls. EBITDA margin

Asian Paints reported a 3.9% volume growth in decorative business for Q1FY26, but value declined 1.2% YoY due to downtrading and higher rebates. Consolidated revenue was flat. Gross margins remained stable at ~43%, but P

Astra Microwave reported a strong Q1 FY26 with standalone revenue of ₹197 crore, up 28.1% YoY, driven by robust execution in defense and space segments. The order book stands at ₹1,891 crore, providing multi-quarter visi

Astral's Q1 FY2026 was weak with flat pipe volumes due to low demand, early monsoon, and low government spending. Plumbing revenue declined 5.85% YoY to INR 953 crore, while Bathware grew 27% and Paint grew 20.7% for the

AU Small Finance Bank reported a 16% YoY PAT growth to INR 581 crore in Q1 FY26, with ROA at 1.5%. Loan book grew 18% YoY (2x system) and deposits grew 31% YoY (3x system). NIM compressed 38 bps QoQ to 5.4% due to repo r

Aurobindo Pharma reported a steady Q1 FY26 with consolidated revenue of INR 7,878 crore (+4% YoY) and EBITDA of INR 1,603 crore (+12% YoY), despite a significant reduction in generic Revlimid sales (down ~INR 150 crore Y

Axis Bank reported Q1 FY26 PAT of INR 5,806 crore, impacted by a technical recognition change that added INR 614 crore to provisions. Operating profit grew 14% YoY, with fee income up 10% YoY. NIM compressed to 3.8%, dow

Baazar Style Retail delivered a strong Q1 FY26 with revenue of 378 crore, up 37% YoY, driven by robust store expansion (232 stores, +40% YoY) and private label growth (61% of revenue). EBITDA came in at 25 crore (+14% Yo

Bajaj Auto delivered a strong Q1 FY26 with revenue of INR 12,500 crore, EBITDA of INR 2,482 crore (margin 19.7%), and PAT of INR 2,100 crore (+5% YoY). Growth was driven by record export retail (excluding Nigeria), premi

Bajaj Finance reported a 22% PAT growth YoY and 25% AUM growth to ₹4,41,450 crore, driven by record loan bookings of 13.5 million and 4.7 million new customer additions. However, credit costs remained elevated at 2.02% o

Bajaj Housing Finance reported a balanced Q1 FY26 with AUM growth of 24% YoY and PAT growth of 21% YoY to INR 583 crore. Asset quality remained healthy with GNPA at 30 bps and NNPA at 13 bps. However, heightened competit

Bajaj Finserv reported a strong Q1 FY26 with consolidated PAT up 30% YoY to INR 2,789 crore, driven by robust performance across insurance and lending subsidiaries. Bajaj Allianz Life saw VNB growth of 39% and margin exp

Balrampur Chini Mills reported a steady start to FY26, with sugar and distillery revenues rising on higher volumes and realizations, though crushing dropped ~66% due to a short season, leading to fixed overhead underabso

Bandhan Bank's Q1 FY26 results reflect continued stress in the microfinance (EV) segment, with total advances declining 2.5% QoQ due to a 7% contraction in the EV book. Non-EV portfolio grew 27% YoY, driving secured loan

Bank of Baroda reported Q1 FY26 net profit of INR 4,541 crore (+1.9% YoY) and operating profit of INR 8,236 crore (+15% YoY). Domestic advances grew 12.4% YoY, driven by RAM (retail +17.5%, agri +16.2%, MSME +13.1%), whi

Bata India reported a flattish Q1 FY26 with revenue of INR 942 crore (-0.3% YoY) and EBITDA margin of 22.9%, impacted by gross margin compression of 133bps due to inventory clearance. Management highlighted progress on Z

Berger Paints reported a resilient Q1 FY26 with 5.5% volume growth and 2% value growth on a standalone basis, outperforming the industry which grew only 0.3% among listed players. Market share improved to 21.2% (standalo

BEL reported Q1 FY26 revenue of INR 4,417 crore (+5.19% YoY), missing internal double-digit targets due to ~INR 200 crore revenue deferral from Israel-Iran supply chain disruptions. PAT grew 24.87% to INR 969 crore, whil

Bharat Forge reported a mixed Q1 FY26 with consolidated revenue of ₹399 crore (+1.5% QoQ) and EBITDA margin of 17.4%, supported by improved overseas profitability and reduced losses at Kalyani Powertrain. Standalone reve

BPCL reported a strong Q1 FY26 with standalone PAT of ₹6,124 crore and consolidated PAT of ₹6,839 crore, driven by robust retail fuel margins due to stable retail selling prices amid lower crude prices. Revenue from oper

BPCL reported Q1 FY26 standalone PAT of INR 6,124 crore and consolidated PAT of INR 6,839 crore, with revenue from operations at INR 1,229,578 crore. Refinery GRM fell sharply to $4.88/bbl from $7.86/bbl YoY, driven by l

Bharti Airtel delivered a steady Q1 FY26 with consolidated revenue of INR 49,463 crore and India EBITDA margin of 51.4%, up 65 bps sequentially. Mobile ARPU reached INR 250 with 1.2M net customer adds and 3.9M smartphone

Biocon Group delivered a strong Q1 FY26 with consolidated operating revenue of INR 3,942 crore, up 15% YoY on a like-for-like basis. Biosimilars led growth at 18% YoY, with EBITDA margins expanding 300 bps to 24% on impr