Q1 FY26 Earnings Season

Varun Beverages delivered a strong Q1 CY2026 with consolidated revenue up 18.1% YoY to INR 6,574 crore and EBITDA up 21% YoY to INR 1,529 crore, driven by volume growth of 16.3%...

ABB India reported a mixed Q1 FY26.

Aarti Pharmalabs reported Q1 FY26 consolidated revenue of ₹386 crore, down ~30% YoY due to Ganesh Polychem deconsolidation and a planned shutdown.

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).

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.

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.

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 ge...

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...

Black Box reported Q1 FY26 revenue of INR 1,387 Cr, down 3% YoY, impacted by client-driven delays in equipment procurement due to tariff uncertainty.

CCL Products reported a strong Q1 FY26 with revenue of ₹1,058 crore (up 37% YoY), crossing the ₹1,000 crore milestone for the first time.

Deepak Nitrite reported Q1 FY26 consolidated revenue of ₹1,897 crore, with EBITDA of ₹197 crore (margin 10%), up 11% sequentially.

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Entero Healthcare delivered a strong Q1 FY26 with revenue of ₹1,440 crore, up 28% YoY (31% like-to-like), driven by 15% organic growth (1.6x IPM) and 16% from M&A.

Kalyan Jewellers delivered a strong Q1 FY26 with consolidated revenue of INR 7,268 crore (+31% YoY) and PAT of INR 264 crore (+49% YoY), driven by robust same-store growth of 18...

Apollo Hospitals delivered a strong Q1 FY26 with consolidated revenue of ₹5,842 crore (+15% YoY) and EBITDA of ₹852 crore (+26% YoY).

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).

Cohance Life Sciences reported Q1 FY26 revenue growth of 13% YoY, with pharma CDMO growing over 30% excluding inventory destocking.

Engineers India reported a strong Q1 FY26 with revenue of ₹857 crore (up 40% YoY) and PAT of ₹70 crore (up 27% YoY), driven by robust execution across consultancy and turnkey se...

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...

Everest Kanto Cylinder delivered a strong Q1 FY26 with consolidated revenue of ₹386.9 crore (+12.9% YoY) and EBITDA of ₹61.3 crore (+47.8% YoY), driven by healthy demand across...

ONGC reported consolidated PAT of INR 11,552 crore for Q1 FY26, up 18.2% YoY, driven by higher other income from HVCR and lower statutory levies due to SAED abolition.

Tech Mahindra reported Q1 FY26 revenue of INR 13,351 crore, up 2.7% YoY, with PAT of INR 1,141 crore, up 30% YoY.

Akums Drugs reported a mixed Q1 FY26.

Agarwal Industrial reported a weak Q1 FY26 with revenue of ₹594 crore, down 16.1% YoY, and EBITDA margin of 6.4%.

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%), premi...

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...

Birlasoft reported a challenging Q1 FY26 with revenue declining 1% QoQ to $150.7M, impacted by project rampdowns, insourcing, and macro uncertainty.

Bluestone delivered a strong Q1 FY26 with revenue of ₹492.6 crore (+41% YoY) and adjusted EBITDA margin of 16.8% (+1,350 bps YoY), driven by operating leverage, marketing effici...

CE Info Systems (MapMyIndia) delivered a strong Q1 FY26 with revenue of 121.6 cr (+19.8% YoY), EBITDA of 55.9 cr (+30.6% YoY), and PAT of 45.8 cr (+27.7% YoY).

Carraro India reported Q1 FY26 revenue of ₹492.9 crore, up 4% YoY, driven by domestic volume growth and early export recovery.

Cello World reported a modest 6% YoY revenue growth to ₹529 crore in Q1 FY26, missing expectations due to early rains impacting the hydration category and continued weakness in...

Cochin Shipyard reported a strong Q1 FY26 with revenue of ₹1,068.59 crore (+38.5% YoY) and PAT of ₹187.82 crore (+7.8% YoY).

Container Corporation of India reported an all-time high Q1 throughput of 1.29 million TEUs, up 11.3% YoY, driven by 12% Exim growth and a 9% domestic increase.

Enviro Infra Engineers delivered a strong Q1 FY26 with revenue of ₹241 crore (+17.4% YoY), EBITDA of ₹64 crore (+25.2% YoY), and PAT of ₹42 crore (+41.8% YoY).

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.

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) an...

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 impr...

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 re...

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 lo...

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.

Brigade Enterprises delivered a strong Q1 FY26 with consolidated revenue of ₹1,333 crore (+20% YoY) and PAT of ₹150 crore (+79% YoY), driven by robust performance across real es...

Campus Activewear reported Q1 FY26 revenue of INR 343.3 Cr (+1.4% YoY), with EBITDA margin of 15.9% (+10 bps YoY).

Century Plyboards reported a strong Q1 FY26 with consolidated revenue growth of 16.3% YoY and consolidated EBITDA margin (ex-forex) improving to 12.5% from 11.2% last year, driv...

DOMS delivered a strong Q1 FY26 with consolidated revenue of ₹562.3 crore (+26.4% YoY), driven by volume growth and marginal ASP improvement from mix shift.

Emcure delivered a strong Q1 FY26 with revenue of ₹2,100 crore (+15.7% YoY), EBITDA of ₹404 crore (+20.1% YoY), and PAT of ₹215 crore (+41% YoY).

Endurance Technologies reported a strong Q1 FY26 with consolidated revenue of ₹3,355 crore (+17.3% YoY) and EBITDA of ₹480 crore (+17.5% YoY), maintaining margins at 14.3%.

Escorts Kubota reported a steady Q1 FY26 with consolidated revenue from continuing operations at ₹2,500.1 crore and EBITDA margin of 12.9%, up 16 bps YoY.

Eureka Forbes delivered a resilient Q1 FY26 with revenue of ₹607.7 crore (+9.9% YoY) and PAT of ₹38.5 crore (+24.1% YoY), despite a challenging demand environment and headwinds...

DLF reported a strong Q1 FY26 with development sales bookings of INR 11,435 crore, up 78% YoY, driven by the successful Privana launch.

Titan delivered a strong Q1 FY26 across all segments, with jewelry sustaining market share and watches posting exceptional growth driven by premiumization and mass customization.

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.

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.

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...

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.

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.

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...

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.

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).

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 vol...

Astral's Q1 FY2026 was weak with flat pipe volumes due to low demand, early monsoon, and low government spending.

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 clea...

Blue Dart reported Q1 FY26 revenue of INR 1,442 crore and PAT of INR 47 crore, with EBITDA margin contracting 48 bps YoY to 15.15%.

Britannia reported near double-digit revenue growth of 9.8% YoY to INR 4,535 crore, driven by pricing actions and a 12% transaction growth.

Capri Global Capital reported a strong Q1 FY26 with PAT surging 131% YoY to ₹175 crore, driven by robust AUM growth of 42% YoY to ₹24,754 crore.

Cochin Shipyard reported a strong Q1 FY26 with revenue of INR 1,068.59 crore (+38.5% YoY) and PAT of INR 187.82 crore (+7.8% YoY), driven by robust execution in shipbuilding and...

Dabur's Q1 FY26 consolidated revenue grew only 1.7% YoY due to unseasonal rains impacting the seasonal portfolio (beverages, glucose).

Dixon Technologies delivered a stellar Q1FY26 with consolidated revenue surging 95% YoY to INR 12,838 crore, driven by a 125% YoY jump in mobile phone revenue to INR 11,663 crore.

Eicher Motors delivered a strong Q1 FY26, with consolidated revenue of ₹5,042 crore (+14.8% YoY) and EBITDA of ₹1,203 crore (+9.4% YoY), driven by Royal Enfield's volume growth...

Hero MotoCorp reported Q1 FY26 revenue of INR 9,579 crore and EBITDA of INR 1,382 crore, with overall EBITDA margin at 14.4% (ICE margin improved to 16.8%).

Hindalco's Q1 FY26 consolidated EBITDA was flat YoY at INR 8,539 crore, while PAT grew 30% to INR 4,004 crore, driven by strong India performance.

M&M reported a strong Q1 FY26 with consolidated PAT up 24% YoY to INR4,083 crore and ROE crossing 20.6% for the first time.

PowerGrid reported Q1 FY26 consolidated total income of INR 11,444 crore, EBITDA of INR 9,527 crore, and PAT of INR 3,631 crore.

Sun Pharma reported Q1 FY26 consolidated revenue of INR 13,786 crore, up 10.1% YoY, driven by India formulation growth of 13.9% and global Innovative Medicines growth of 16.9%.

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.

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.

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 disrupti...

Bosch Limited reported Q1 FY26 revenue of INR 4,788.6 crore, up 10.9% YoY, driven by strong growth in Power Solutions (+13.7%) and Two-Wheeler business (exhaust gas sensors from...

Castrol India reported a solid Q2 FY26 with revenue of ₹1,497 crore (+7% YoY), EBITDA of ₹349 crore (+8% YoY), and PAT of ₹244 crore (+5% YoY).

Equitas Small Finance Bank reported a net loss of ₹224 crore for Q1 FY26, driven by aggressive upfront provisioning of ₹185 crore for microfinance standard assets and ₹112 crore...

Grasim delivered a strong Q1 FY26 with consolidated revenue of INR 40,118 crore (+16% YoY) and EBITDA of INR 6,430 crore (+36% YoY), driven by robust cement and chemicals perfor...

Maruti Suzuki reported Q1 FY26 net sales of INR 36,620 crore (+8.1% YoY) and net profit of INR 3,710 crore (+1.6% YoY), driven by a favorable product mix and strong export growt...

SBI reported a strong Q1 FY26 with net profit of INR 19,160 crore, up 12.48% YoY, driven by robust retail growth and cost containment.

Tata Motors reported a challenging Q1 FY26 with consolidated revenue down 2.5% YoY to INR 104,000 crore and EBITDA margin contracting 480 bps to 9.2%.

Cummins India delivered a strong Q1 FY26 with revenue of INR 2,859 crore, up 26% YoY, driven by broad-based domestic demand and export recovery.

Cummins India delivered a strong Q1 FY26 with revenue of ₹2,859 crore, up 26% YoY, driven by broad-based domestic demand and export recovery.

Digitide Solutions reported Q1 FY26 consolidated revenue of ₹736 crore, up 6% YoY, with EBITDA of ₹83 crore (11.2% margin).

Divis Laboratories reported a strong Q1 FY26 with PAT rising 26.7% YoY to INR 545 crore, driven by robust custom synthesis traction and backward integration benefits.

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Escorts Kubota reported a steady Q1 FY26 with consolidated revenue of INR 2,500.1 crore and EBITDA margin of 12.9%, up 16 bps YoY.

HUL reported Q1 FY26 consolidated revenue of INR 16,323 crore, with underlying sales growth of 5% driven by 4% volume growth.

SBI Life reported a solid Q1 FY26 with PAT growth of 14% to INR 5.94 billion, driven by a favorable product mix shift towards non-par savings and protection.

Coromandel delivered a strong Q1 FY26 with consolidated revenue of ₹7,126 crore (+49% YoY) and EBITDA of ₹782 crore (+55% YoY), driven by early monsoon, robust fertilizer demand...

AU Small Finance Bank reported a 16% YoY PAT growth to INR 581 crore in Q1 FY26, with ROA at 1.5%.

Kotak Mahindra Bank reported a 7% YoY decline in standalone PAT to INR 3,282 crore, driven by margin compression and elevated credit costs.

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.

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.

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.

Cipla reported Q1 FY26 revenue of INR 6,957 crore (+4% YoY) with EBITDA margin of 25.6% (flat YoY) and PAT of INR 1,298 crore (+10.2% YoY).

Delhivery reported a strong Q1 FY26 with revenue from services at INR 2,294 crore (+6% YoY) and EBITDA margin expanding 200 bps YoY to 6.5%.

JSW Steel reported Q1 FY26 consolidated revenue of INR 43,147 crore and EBITDA of INR 7,576 crore (margin 17.6%).

Tata Steel's Q1 FY26 consolidated revenue stood at INR 53,178 crore with EBITDA of INR 7,480 crore, driven by cost transformation savings of INR 29 billion across geographies.

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 Tomorr...

IEX reported a solid Q1 FY26 with revenue of INR 184.2 crore (+19.2% YoY) and PAT of INR 120.7 crore (+25.2% YoY), driven by strong electricity volume growth of 15% YoY to 32.4 BU.

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).

Bajaj Housing Finance reported a balanced Q1 FY26 with AUM growth of 24% YoY and PAT growth of 21% YoY to INR 583 crore.

ICICI Bank reported a 15.5% YoY PAT growth to INR 127.68 billion for Q1 FY26, driven by core operating profit growth of 13.6% YoY and higher treasury gains.

Reliance Industries reported a strong Q1 FY26 with consolidated EBITDA of INR 58,000 crore, up 36% YoY, driven by robust performance across digital services (Jio EBITDA +24% YoY...

L&T delivered a strong Q1 FY26 with group revenues of INR 63,700 crore (+16% YoY) and PAT of INR 3,600 crore (+30% YoY), driven by robust execution in hydrocarbons and high-tech...

Adani Ports reported a mixed Q1 FY26 with strong growth in logistics and marine segments offsetting domestic port volume headwinds.

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.

Axis Bank reported Q1 FY26 PAT of INR 5,806 crore, impacted by a technical recognition change that added INR 614 crore to provisions.

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.

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).

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.

Canara Bank reported a strong Q1 FY26 with PAT of INR 4,752 crore (+21.69% YoY) and operating profit of INR 8,554 crore (+12.32% YoY), driven by robust credit growth of 12.42% a...

Coforge delivered an exceptional Q1 FY26 with 9.6% sequential dollar revenue growth, driven by a 32.3% surge in the Travel vertical and strong deal execution.

KFin Technologies delivered a solid Q1 FY26 with revenue growing 15.4% YoY and EBITDA margin at 41.5%, within the guided 40-45% range.

TCS reported Q1 FY26 revenue of INR 63,437 crore (+1.3% YoY) but constant currency revenue declined 3.1% YoY, reflecting intensified discretionary spending delays and project de...

Tata Consumer reported a 10% revenue growth to ₹4,779 crore in Q1 FY26, driven by double-digit growth in India branded business (tea, salt) and international markets.

UltraTech Cement reported consolidated volume growth of 9.7% YoY, including KSORAM.

Wipro's Q1 FY26 IT services revenue declined 2.3% YoY in constant currency to $2.59B, within guidance.

HCLTech reported Q1 FY26 revenue growth of 3.7% YoY in constant currency, slightly above expectations, but EBIT margin fell to 16.3% due to utilization issues, a client bankrupt...

Infosys delivered a strong Q1 FY26 with constant currency revenue growth of 3.8% YoY and 2.6% QoQ, driven by broad-based growth across industries and geographies.