Q1 FY26 earnings calls.

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 420bps to 22.6%. The hospital business led grow

G R Infraprojects reported a slight decline in consolidated revenue to ₹1,988 crore (down 2% YoY) due to delayed project starts, but PAT surged 56% YoY to ₹244 crore driven by lower interest costs and improved operationa

GAIL's Q1 FY26 consolidated PAT fell to INR 2,369 crore, impacted by a petrochemical loss of INR 249 crore at Pata due to a shutdown and weak polymer prices. Gas transmission volume averaged 120.62 MMSCMD, well below the

Ganesha Ecosphere reported a challenging Q1 FY26, with legacy RPSF and yarn business hit by unprecedented raw material price spikes (scrap bottle prices reached ₹55-56/kg) and demand slowdown, leading to lower capacity u

GRSE reported a strong Q1 FY26, with key deliveries including the first P17A frigate ahead of schedule and the third survey vessel. The order book stands at ₹21,700 crore, with 86% from defense and 14% from non-defense (

Garware Hi-Tech Films reported a modest Q1 FY26 with consolidated revenue of 495 cr (+4.3% YoY), EBITDA of 123 cr (margin 24.8%, down 260bps YoY), and PAT of 83 cr (-6.2% YoY). The miss versus internal expectations of ~5

Genus Power delivered a stellar Q1 FY26 with standalone revenue surging 128% YoY to ₹942 crore, driven by accelerated smart meter execution. EBITDA tripled to ₹199 crore, with margins expanding 590 bps to 21.2% on operat

Gland Pharma reported a solid Q1 FY26 with consolidated revenue of INR 1,506 crore (+7% YoY) and EBITDA of INR 368 crore (+39% YoY), driving margins to 24% (up 500bps YoY). PAT surged 50% YoY to INR 216 crore. The stando

Gland Pharma reported a strong Q1 FY26 with consolidated revenue of ₹1,556 crore (+7% YoY) and EBITDA of ₹368 crore (+39% YoY), driving EBITDA margin expansion of 500 bps to 24%. PAT surged 50% YoY to ₹216 crore. The bas

Glenmark's Q1 FY26 consolidated revenue was INR 32,644 million, up 0.6% YoY, with India formulation growing 3.7% and North America up 8.9% QoQ to $91M. Europe declined 4% YoY but management expects double-digit growth fr

Glenmark's Q1 FY26 consolidated revenue was flat at ₹3,264 crore (+0.6% YoY), with India formulation growing 3.7% (secondary sales +15.1%) and North America up 8.9% QoQ to $91 million. Europe declined 4% YoY but manageme

GCPL reported a mixed Q1 FY26. Consolidated revenue grew 10% YoY in INR terms, with underlying volume growth of 8%, but EBITDA declined 3% due to margin pressure in India and Indonesia. India standalone (ex-soaps) delive

GCPL reported a mixed Q1 FY26. Consolidated revenue grew 10% YoY with 8% underlying volume growth, but EBITDA declined 3% YoY. India standalone delivered mid-teens volume growth excluding soaps, driven by household insec

Godrej Properties delivered a solid Q1 FY26 with PAT of INR 600 crore (up 50% YoY) and EBITDA of INR 915 crore (up 18% YoY). Booking value was INR 7,082 crore, down 18% YoY but reflecting a 2-year CAGR of 77%. Collection

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 performance. Standalone revenue hit a record INR

GFL delivered a strong Q1 FY26 with consolidated revenue of INR 1,281 crore (+5% YoY) and EBITDA of INR 344 crore (+31% YoY), driven by a 500 bps margin expansion to 27%. The Fluoropolymer segment posted record quarterly

GFL delivered a strong Q1 FY26 with consolidated revenue of 1,281 crore (+5% YoY) and EBITDA of 344 crore (+31% YoY), with margins expanding 500 bps to 27%. PAT surged 70% YoY to 184 crore, driven by sustained growth in

Happiest Minds delivered a strong Q1 FY26 with 17.5% YoY constant currency growth and EBITDA margin of 21.4%, well within the guided 20-22% range. Revenue reached ₹580 crore, up 18.5% YoY, while EBITDA stood at ₹124 cror

Happy Forgings reported Q1 FY26 revenue of ₹354 crore (+3.6% YoY) and EBITDA of ₹101 crore (28.6% margin), with PAT at ₹66 crore (+3.2% YoY). Growth was driven by new business wins in industrial and passenger vehicle seg

Havells India reported a challenging Q1 FY26 with weak summer demand and subdued consumer sentiment, leading to a sharp decline in cooling products (fans, coolers, ACs) against a strong base. However, infrastructure-driv

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 bankruptcy, and accelerated AI investments. The com

HDFC Bank's Q1 FY26 results reflect a strategic transition from balance sheet consolidation to growth. Advances grew 8% YoY, improving from last year's 7%, while deposits grew 16% YoY, driving the credit-deposit ratio do

HDFC Life reported a steady Q1 FY26 with individual APE growth of 12.5% YoY and VNB growth of 12.7% YoY to INR 809 crore, with margins steady at 25.1%. Growth was driven by higher average ticket sizes and strong traction

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%). PAT stood at INR 1,126 crore (consolidated INR 1,706 crore incl

Hero MotoCorp reported Q1 FY26 revenue of ₹9,579 crore and EBITDA of ₹1,382 crore, with an overall EBITDA margin of 14.4% (flat YoY). The ICE business margin improved to 16.8%, offset by EV investments of ₹189 crore. PAT

HFCL reported Q1 FY26 revenue of INR 871 crore, down ~25% YoY, with EBITDA margin of 4.93% (vs 16% YoY) and a PAT loss of INR 29 crore. The sharp decline was driven by continued weakness in optical fiber cable (OFC) dema

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. India aluminium upstream EBITDA per ton reached $1,467, up 15% YoY, with

HUL reported Q1 FY26 consolidated revenue of INR 16,323 crore, with underlying sales growth of 5% driven by 4% volume growth. EBITDA margin contracted 130 bps YoY to 22.8% due to deliberate price-value investments in tea

Hindustan Foods reported a strong Q1 FY26 with total income of ₹998 crore (+15% YoY) and PAT of ₹32 crore (+17% YoY), its highest ever quarterly profit. Growth was driven by record production in ice cream and footwear, d

Hindustan Zinc reported Q1 FY26 revenue of INR 7,771 crore (-4% YoY) and EBITDA of INR 3,860 crore (-2% YoY), maintaining a ~50% margin despite lower LME zinc/lead prices. PAT stood at INR 2,234 crore (-5% YoY). The high

HPCL reported a strong Q1 FY26 with EBITDA of ₹8,124 crore and PAT of ₹4,371 crore, driven by record refinery throughput of 6.66 MMT (15.6% YoY) at 109% capacity utilization. The Samriddhi cost optimization program contr

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. Net interest income rose 10.6% YoY to INR 216.35 billion, thoug

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. Key segments like RTM (+41% YoY) and gr

Indian Oil reported Q1 FY26 PAT of ₹5,689 crore, up 115% YoY from ₹2,643 crore, driven by robust operational performance and highest-ever quarterly sales of 26.328 MMT. Revenue from operations grew marginally to ₹2,18,60

IRCTC reported a stable Q1 FY26 with PAT of INR 330 crore (+7.14% YoY) and EBITDA margin of 34.27% (+72bps YoY). Revenue grew ~4% to INR 1,160 crore, driven by tourism (+21.3% YoY) and internet ticketing (+9.12% YoY). Ca

IRCTC reported a stable Q1 FY26 with PAT of ₹330 cr (+7.14% YoY) and revenue of ₹1,160 cr (+4% YoY). EBITDA margin expanded 72 bps to 34.27%, driven by operational efficiencies and a favorable revenue mix. The tourism se

IRFC reported a strong Q1 FY26, with PAT growing ~11% YoY driven by higher NIM of 1.51% (up from 1.31% last quarter) as new lending outside Indian Railways yields spreads of 70-150 bps vs. 35-40 bps earlier. Disbursement

IGL reported Q1 FY26 revenue of INR 4,317 crore (+11% YoY), but EBITDA fell 11% YoY to INR 512 crore and PAT declined 11% to INR 356 crore, primarily due to reduced APM gas allocation raising gas costs. Total volumes gre

Indus Towers reported a mixed Q1 FY26. Revenue grew 9.1% YoY to INR 80.6B, driven by strong co-location additions (5,568, +9.7% YoY) and tower additions (2,468, +11.4% YoY). However, EBITDA declined 3.4% YoY to INR 43.9B

IndusInd Bank reported a consolidated PAT of INR 604 crore for Q1 FY26, returning to profitability without prior-period adjustments. NIM stood at 3.46% (including 11 bps one-offs), supported by deposit rate cuts and reta

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. Large deal TCV was robust at $3.8 billion with 55% net ne

IndiGo reported a resilient Q1 FY26 with INR 21,800 million PAT and 11% margin despite severe external headwinds including geopolitical tensions, airspace closures, and the tragic AI-171 accident. Revenue grew 6% YoY to

IPCA Labs reported a mixed Q1 FY26. Domestic formulation grew ~10% YoY, with chronic segment outpacing the market (15.1% vs 9.9%). Export branded formulations grew 10%, generics 15%, and API 12%. However, consolidated EB

Jindal Saw reported a softer Q1 FY26 due to cash flow issues in the water sector (60% of business), geopolitical disruptions delaying export shipments, and scheduled maintenance shutdowns at a blast furnace and pellet pl

Jindal Steel delivered a strong Q1 FY26 with consolidated EBITDA of ₹2,984 crore and PAT of ₹1,496 crore, driven by lower coking coal costs (saving $11/ton) and higher realizations. Sales volume fell 10% QoQ to 1.9 milli

Jio Financial Services reported a solid Q1 FY26 with consolidated PAT of INR 325 crore, up 3.8% YoY, driven by strong traction in lending and payments. Total income grew 48% YoY to INR 619 crore, with business income sha

JK Tyre reported consolidated Q1 FY26 revenue of ₹3,891 crore (+6% YoY) and EBITDA of ₹424 crore (10.9% margin). Domestic revenue grew 11% YoY to ₹3,475 crore, driven by strong replacement demand (PCR volumes +32% YoY) a

JM Financial reported a stellar Q1 FY26 with highest-ever operating PAT of ~454 crores and net worth crossing 10,000 crores for the first time. Net revenue grew 22% YoY, driven by strong fee and commission income (up 13%