Q4 FY25 earnings calls.

ABB India reported a strong Q4 CY2025 with orders surging 52% YoY, driven by a 27% base order growth and large project wins in data centers, transport, and automation. Full-year revenue grew 8% to INR 13,200 crore, with

Adani Enterprises reported FY25 consolidated revenue of INR 1,365 crore (up 2% YoY) and EBITDA of INR 16,722 crore (up 26% YoY), driven by strong performance in incubating businesses. The emerging core infra portfolio sa

Adani Green Energy delivered a strong FY25, with revenue from power supply growing 23% YoY to INR 9,495 crore and EBITDA rising 22% to INR 8,818 crore, surpassing $1 billion in EBITDA. Energy sales increased 28% to 28 bi

Adani Power reported Q4 FY25 revenue of INR 14,522 crore (+5.3% YoY) and EBITDA of INR 5,098 crore (-3.3% YoY), with EBITDA margin contracting 310 bps to 35.1% due to lower merchant realizations (INR 5.03/unit vs INR 6.1

Adani Total Gas reported Q4 FY25 revenue of INR 1,448 crore, up 15% YoY, driven by 13% volume growth and strong CNG demand. However, EBITDA fell 10% to INR 274 crore and PAT declined 10% to INR 149 crore, impacted by a s

Adani Ports delivered a stellar FY25 with 16% revenue growth, 20% EBITDA growth, and 37% PAT growth, surpassing all guidance. Domestic ports achieved a record 27% market share and 73% EBITDA margin, while Mundra became I

Aditya Birla Capital reported a solid Q4 FY25 with consolidated PAT of INR 865 crore (+6% YoY) and revenue of INR 14,138 crore (+13% YoY). The NBFC segment delivered strong growth with AUM reaching INR 1.26 trillion (+20

ABFRL's demerged entity reported a strong Q4 FY2025 with revenue of INR 1,719 crore (+9% YoY) and comparable EBITDA more than doubling to INR 199 crore (+103% YoY), driven by margin expansion across segments. Pantaloons

AIA Engineering reported Q4 FY25 sales of 68,741 tons, bringing full-year sales to 265,000 tons with revenue of INR 4,200 crore. EBITDA for the quarter was INR 399.52 crore and PAT was INR 285 crore. Full-year EBITDA sto

Ajanta Pharma delivered a solid Q4 FY25 with consolidated revenue of INR 1,170 crore (+11% YoY) and PAT of INR 225 crore (+11% YoY). Growth was driven by branded generics (74% of revenue, +12% YoY), particularly India (+

Alkem Laboratories reported Q4 FY25 revenue of INR 3,144 crore, up 7.1% YoY, driven by domestic growth of 8.1% and international growth of 7.2%. PAT grew 4.2% to INR 306 crore. For FY25, EBITDA margin expanded to 19.4% f

APAR Industries reported a record Q4 FY25 with consolidated revenue of INR 5,210 crore (+16.9% YoY), driven by strong domestic demand and a rebound in U.S. exports. EBITDA stood at INR 483 crore (9.3% margin), while PAT

Apollo Hospitals delivered a strong Q4 FY25 with consolidated revenue of INR 5,592 crore (+13% YoY) and PAT of INR 390 crore (+54% YoY). Healthcare services revenue grew 10% to INR 2,822 crore, impacted by ~2% from Bangl

Ashok Leyland reported a strong Q4 FY25 with revenue of INR 11,907 crore (+6% YoY), EBITDA of INR 1,791 crore (+13% YoY) at a record 15% margin, and PAT of INR 1,246 crore (+38% YoY). Full-year EBITDA margin improved to

Asian Paints reported a tough Q4 FY25 with standalone decorative volume growth of just 1.8% and value degrowth of -5%, reflecting weak demand and increased competition. Consolidated revenue declined -5.4% YoY, while gros

Astral's Q4 FY25 results reflect a challenging year for the polymer industry, with PVC prices falling 18% YoY. Despite this, the company maintained margins through value-added product mix and brand strength. Consolidated

AU Small Finance Bank delivered a resilient performance in FY25 despite a challenging macro environment. Deposits grew 27% YoY and loans grew 20% YoY, with secured retail and commercial banking driving growth. PAT stood

Aurobindo Pharma delivered a strong Q4 FY25 with revenue of INR 8,382 crore (+11% YoY) and EBITDA of INR 1,792 crore (21.4% margin), driven by volume growth in US and Europe, stable pricing, and easing raw material costs

Axis Bank reported a steady Q4 FY25 with core operating profit up 11% YoY and NIM improving 4 bps QoQ to 3.97%. PAT was flat YoY at INR 7,117 crore, impacted by higher provisions and PSLC costs. Deposit growth picked up

Bajaj Auto delivered a record FY25 with revenue crossing INR 50,000 crore and EBITDA surpassing INR 10,000 crore for the first time. Q4 standalone revenue grew 6% YoY to INR 12,148 crore, with EBITDA margins steady at 22

Bajaj Finance reported a mixed Q4 FY25 with strong AUM growth of 26% to INR 416,061 crore and record loan bookings of 10.7 million, but PAT growth of 19% to INR 4,546 crore was aided by a one-time tax reversal of INR 348

Bajaj Housing Finance reported a strong Q4 FY25 with PAT surging 54% YoY to INR 587 crore, driven by 26% AUM growth to INR 114,684 crore and improving operational efficiency (OpEx-to-NTI ratio improved from 27.1% to 21.7

Bajaj Finserv reported a steady Q4 FY25 with consolidated total income up 14% YoY to INR 36,596 crore and PAT up 14% to INR 2,417 crore. The general insurance arm BAGIC saw GWP decline 13% due to accounting changes and v

Bandhan Bank's Q4 FY25 PAT of INR 318 crore (vs INR 55 crore last year) was aided by low base and tax credits, but core operating performance weakened. NII declined 4% YoY to INR 2,756 crore as NIM compressed to 6.7% (do

Bank of Baroda reported a stable Q4 FY25 with PAT of INR 5,048 crore, contributing to a record full-year PAT of INR 19,581 crore. Domestic advances grew 13.7% YoY, driven by retail (19.4%) and agri/MSME (14.2%), while co

Bata India's Q4 FY25 revenue declined 1.2% YoY to INR 788 crore, with PAT down 215 bps to INR 46 crore. EBITDA margin contracted 14 bps to 25.5%, impacted by gross margin erosion of 230 bps due to channel mix shift and v

Berger Paints delivered a strong Q4 FY25 with 4.4% revenue growth and 19.8% EBITDA growth, driven by 7.4% volume growth and gross margin expansion to 41.2%. Market share improved to 20.3% despite heightened competition f

Bharat Electronics reported a strong FY25 with revenue of INR 23,024 crore (+16.17% YoY) and PAT of INR 5,288 crore (+31.55% YoY). EBITDA margin expanded to 29.39% (+417 bps YoY) driven by scale and indigenization. Order

BPCL reported Q4 FY25 revenue of INR 1,26,865 crore and PAT of INR 3,214 crore, supported by strong refining throughput of 10.58 MMT (121% capacity) and GRM of $9.2/bbl (premium of $3.16/bbl over Singapore). Marketing sa

Bharti Airtel delivered a strong Q4 FY25 with consolidated revenue of INR 47,876 crore and India EBITDA margin expanding 140 bps YoY to 50.7%. India mobile ARPU was flat sequentially at INR 245 (INR 248 on equal-day basi

Biocon delivered a strong Q4 FY25 with consolidated revenue of INR 4,417 crore, up 15% YoY on a like-for-like basis, driven by generics (+46% YoY) and biosimilars (+9% YoY). Core EBITDA margin was 31%, reflecting operati

Blue Dart Express reported Q4 FY25 revenue from operations of INR 14,173 million and PAT of INR 532 million. Volume growth was healthy with 91.94 million shipments and 331,101 tons weight. B2B volumes grew 10% and B2C 19

Bosch Limited reported a strong Q4 FY25 with revenue of INR 49,106 million, up 16% YoY, driven by power solutions, two-wheeler, and aftermarket segments. EBITDA grew 16.1% to INR 6,469 million, with margin improvement fr

Britannia reported Q4 FY25 revenue of INR 4,376 crore, up 9% YoY, driven by pricing actions and volume recovery. PAT grew 4% YoY to 12.8% of revenue. EBITDA margin stood at 16.6%, supported by aggressive cost savings of

Canara Bank reported a strong Q4 FY25 with net profit crossing INR 5,000 crore for the first time, up 33.19% YoY. Operating profit grew 12.14% YoY to INR 8,284 crore. Asset quality improved significantly: gross NPA fell

CDSL reported a weak Q4 FY25 with consolidated net profit of INR 100 crore, down 22% YoY from INR 129 crore, as total income fell to INR 256 crore from INR 267 crore. The decline was driven by lower market volumes, reduc

Cipla delivered a solid Q4 FY25 with revenue of INR 6,730 crore (+9% YoY) and EBITDA margin of 22.8% (+150bps YoY), driven by strong performance across One India (+8% YoY), North America ($221M quarterly revenue), and EM

Coal India reported a mixed Q4 FY25 with production shortfalls at SECL and CCL due to land acquisition and clearance issues, while overall demand remained robust. Management guided for FY26 production of 875 million tons

Cochin Shipyard reported an all-time high consolidated revenue of INR 3,830 crore for FY25, up 62% YoY, driven by strong execution in shipbuilding (72% of revenue) and ship repair (28%). PAT surged 157% to INR 783 crore,

Coforge delivered a landmark FY25 with 31.5% USD revenue growth to $1.445B, driven by 14 large deals and a record Q4 order intake of $2.1B. The executable order book surged 47.7% YoY to $1.5B, underpinning strong FY26 vi

Colgate-Palmolive India reported Q4 FY25 revenue of INR 1,452 crore, a -1.9% decline YoY, with flat volumes and negative pricing due to elevated trade promotions. Full-year revenue reached INR 5,999 crore, up 6.5% YoY, d

Coromandel reported a strong Q4 FY25 with consolidated revenue of INR 5,114 crore, up 28% YoY, driven by record phosphatic fertilizer volumes and a 13% volume growth. The crop protection business grew 7% to INR 2,637 cro

Cummins India reported Q4 FY25 revenue of INR 2,414 crore, up 6% YoY, driven by 39% export growth and domestic industrial sales. Domestic power gen declined 7% YoY due to CPCB2 pre-buy base effect, but CPCB4+ volumes are

Dabur's Q4 FY25 consolidated revenue grew 3.6% in consumer currency terms to INR 12,563 crore, with PAT of INR 1,768 crore. India business declined ~3.4% due to inventory correction, high bases, and unfavorable seasons,

Delhivery reported a strong Q4 FY25 with revenue of INR 2,192 crore (+6% YoY) and EBITDA margin of 5.4%, expanding 320 bps YoY. PAT swung to INR 73 crore from a loss of INR 69 crore last year, marking the highest quarter

Divis Laboratories reported a strong Q4 FY25 with PAT of INR 662 crore, up 23% YoY, driven by robust custom synthesis momentum and stable generic volumes despite pricing headwinds. The company signed a long-term supply a

Dixon Technologies delivered a stellar Q4 FY25 with consolidated revenue of INR 10,304 crore (up 120% YoY) and EBITDA of INR 454 crore (up 128% YoY). PAT surged 322% to INR 401 crore, though this includes a fair value ga

DLF reported a strong Q4 FY25 with record annual sales of INR 21,000 crore+ and PAT of INR 4,350 crore, the highest in years. Operating cash surplus reached INR 6,200 crore for the year, and ROE crossed into double digit