Q1 FY26 earnings calls.

Birlasoft reported a challenging Q1 FY26 with revenue declining 1% QoQ to $150.7M, impacted by project rampdowns, insourcing, and macro uncertainty. EBITDA margin came in at 12.4%, down from Q4's elevated base due to one

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. EBITDA grew 1% to INR 116 Cr with margin expansion of 30 bps to 8.4%,

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%. Revenue growth was driven by B2C (up 20%) while B2B grew only 2.4%, shifting mix toward

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 efficiency, and manufacturing scale. The company

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 OBD 2 norms). EBITDA grew 23% YoY to INR 6

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 estate, leasing, and hospitality. Real estate

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. PAT grew 3% YoY, impacted by a INR 52 crore SAR revaluation charge. Management h

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). EBITDA margin expanded to 46.0%, underscoring operational le

Campus Activewear reported Q1 FY26 revenue of INR 343.3 Cr (+1.4% YoY), with EBITDA margin of 15.9% (+10 bps YoY). Volume declined 11.6% due to a 15-20 day disruption from raw material warehouse consolidation and SAP imp

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% and fee income expansion. Asset quality impr

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. The gold loan portfolio led with 69% YoY growth, while housing and construc

Carraro India reported Q1 FY26 revenue of ₹492.9 crore, up 4% YoY, driven by domestic volume growth and early export recovery. EBITDA margin held steady at 11% despite product mix shifts. Domestic agriculture saw 5% grow

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). Volume growth of 8% YoY to 66 million liters was driven by strong performanc

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. EBITDA grew 23% YoY to ₹161.43 crore, driven by double-digit volume growth and bet

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 writing instruments and furniture. Consumer

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, driven by the Badvel MDF plant ramp-up. Plywood

Cholamandalam MS General Insurance reported a challenging Q1 FY26 with a combined ratio of 114.8% (111.5% ex-1-by-N), driven by a claims ratio of 81% impacted by motor third-party reserve strengthening (3.53%) and large

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). India business crossed INR 3,000 crore for the first time in a Q1, growing 6% Yo

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 repair. EBITDA margin stood at 28%, though

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). EBITDA margin was 28%, though management guided full-year PAT margin to ~15% due to normalizing

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. The company signed five large deals and reported a record exe

Cohance Life Sciences reported Q1 FY26 revenue growth of 13% YoY, with pharma CDMO growing over 30% excluding inventory destocking. The niche technology revenue share rose to above 20% from mid-teens in FY25, driven by A

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. Rail freight margin expanded to 26.96% (from 24.36% YoY) du

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, and margin expansion in crop protection.

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. Domestic sales grew 25% YoY to INR 2,336 crore, while exports rose 34% YoY

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. Power gen grew 31% YoY to ₹1,056 crore, supported by quick commerce, mission-c

Dabur's Q1 FY26 consolidated revenue grew only 1.7% YoY due to unseasonal rains impacting the seasonal portfolio (beverages, glucose). Ex-seasonal, growth was 7%. Domestic revenue grew 4.3% ex-seasonal, while internation

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 segments. The order book reached an all-time

Deepak Nitrite reported Q1 FY26 consolidated revenue of ₹1,897 crore, with EBITDA of ₹197 crore (margin 10%), up 11% sequentially. The advanced intermediates segment faced headwinds from delayed agrochemical orders and C

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%. PAT surged to INR 91 crore (+68% YoY). Express Parcel volumes grew 14% YoY to 2

Digitide Solutions reported Q1 FY26 consolidated revenue of ₹736 crore, up 6% YoY, with EBITDA of ₹83 crore (11.2% margin). PAT stood at ₹10 crore, impacted by ₹9 crore one-time demerger costs. The BPM segment grew 6% Yo

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. Revenue grew 15.1% YoY to INR 2,529 crore (total inco

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. EBITDA grew 89% YoY to INR 484 crore and

DLF reported a strong Q1 FY26 with development sales bookings of INR 11,435 crore, up 78% YoY, driven by the successful Privana launch. Revenue stood at INR 2,981 crore with PAT of INR 766 crore, growing 19% YoY. The ren

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. EBITDA at ₹98.7 crore (margin 17.6%) came at the upper end of t

Dr. Agarwal's Health Care delivered a record Q1 FY26 with revenue from operations of ₹487.26 crore (+20.8% YoY) and PAT more than doubling to ₹38 crore. Growth was driven by 16% surgery volume growth, premiumization (hig

Dr. Reddy's Q1 FY26 results showed 11% YoY revenue growth to INR 8,545 crore, driven by steady performance across most markets except US generics. EBITDA margin of 26.7% declined 149 bps YoY due to price erosion in lenal

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 of 14.7% to 261,326 units and VECV's record

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). EBITDA margin expanded 70 bps to 19.2%, driven by operating leverage and p

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%. Growth was driven by content addition in brakes

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. EBITDA grew 66% YoY to ₹50 crore, with margins expanding

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). EBITDA margin held steady at 26.7%, above the guided 22-24%

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 for strengthening PCR on the non-MFI book.

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. Tractor volumes were flat at 30,581 units, impacted by adverse regional mix as North/Cent

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. PAT from continuing operations stood at ₹369.5 crore, boosted by

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 in cooling products. Growth was driven by d

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 domestic and US operations. PAT surged 84.9

Fortis Healthcare delivered a strong Q1 FY26, with consolidated revenue of INR 2,167 crore (+16.6% YoY) and EBITDA of INR 491 crore (+43.2% YoY), driving margin expansion of 420 bps to 22.6%. The hospital business led gr