Q4 FY25 Earnings Season

Varun Beverages reported a steady CY2025 despite weather disruptions, with consolidated volumes growing 7.9% and revenue up 8.4% to INR 21,685 crore.

Bajaj Auto delivered a record FY25 with revenue crossing INR 50,000 crore and EBITDA surpassing INR 10,000 crore for the first time.

Blue Dart Express reported Q4 FY25 revenue from operations of INR 14,173 million and PAT of INR 532 million.

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.

ONGC's Q4 FY25 standalone PAT declined 12.1% YoY to INR 35,610 crore, primarily due to a INR 4,257 crore increase in exploration write-offs.

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.

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 ma...

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.

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).

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%.

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.

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%...

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.

Astral's Q4 FY25 results reflect a challenging year for the polymer industry, with PVC prices falling 18% YoY.

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, st...

Bata India's Q4 FY25 revenue declined 1.2% YoY to INR 788 crore, with PAT down 215 bps to INR 46 crore.

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%.

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).

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%.

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).

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.

Cummins India reported Q4 FY25 revenue of INR 2,414 crore, up 6% YoY, driven by 39% export growth and domestic industrial sales.

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).

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.

Escorts Kubota reported Q4 FY25 standalone revenue of INR 2,430.3 crore (+6.1% YoY) and EBITDA of INR 292.9 crore (+0.7% YoY), with margins at 12.1%.

Exide Industries reported a modest 4% YoY revenue growth in Q4 FY25, with 75% of the business registering double-digit growth, but the remaining 25% dragged down by weak demand...

HAL reported FY25 revenue of ₹30,105 crore, up 7.25% YoY (adjusted for one-time prior year items), with operating EBITDA margin maintained at ~31%.

Hero MotoCorp reported Q4 FY25 revenue of INR 9,939 crore, EBITDA of INR 1,416 crore, and PAT of INR 1,081 crore.

Kalyan Jewellers reported a strong Q4 FY25 with consolidated revenue of INR 6,182 crore (up 36% YoY) and PAT of INR 188 crore (up 37% YoY).

NTPC reported a strong FY25 with consolidated revenue of INR 1,90,862 crore (+5% YoY) and PAT of INR 23,953 crore (+12% YoY), driven by higher generation, improved JV profits, a...

Power Grid reported a strong Q4 FY25 with consolidated revenue of INR 12,591 crore and PAT of INR 4,143 crore.

Sun Pharma reported Q4 FY25 consolidated revenue of INR 12,816 crore, up 8.5% YoY, with EBITDA of INR 3,716 crore (+22.4% YoY) and margin expansion of 340 bps to 28.7%.

Tata Motors reported a strong Q4 FY25 with record full-year revenue and PBT, driven by JLR's highest quarterly PBT in nine years and robust CV margins.

Tata Steel's Q4 FY25 consolidated revenue was INR 56,218 crore, up 5% QoQ, with EBITDA of INR 6,762 crore (12% margin, +100bps QoQ).

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).

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.

JSW Steel reported a strong Q4 FY25 with consolidated revenue of INR 44,819 crore and EBITDA of INR 6,378 crore (14.2% margin).

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 busin...

Adani Total Gas reported Q4 FY25 revenue of INR 1,448 crore, up 15% YoY, driven by 13% volume growth and strong CNG demand.

Adani Ports delivered a stellar FY25 with 16% revenue growth, 20% EBITDA growth, and 37% PAT growth, surpassing all guidance.

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).

Axis Bank reported a steady Q4 FY25 with core operating profit up 11% YoY and NIM improving 4 bps QoQ to 3.97%.

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.

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.

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...

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.

Britannia reported Q4 FY25 revenue of INR 4,376 crore, up 9% YoY, driven by pricing actions and volume recovery.

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.

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), Nort...

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.

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.

Dr.

Grasim reported standalone revenue of INR 8,929 crore in Q4 FY25, up 32% YoY, driven by strong traction in new ventures Birla Opus and Birla Pivot.

Hindalco delivered a record-breaking Q4 FY25 with consolidated EBITDA up 24% YoY to INR 9,774 crore and PAT up 66% YoY to INR 5,284 crore.

HUL reported FY25 revenue of INR 60,680 crore with 2% USG and 2% UVG, while PAT grew 5% to INR 10,644 crore.

IEX reported a strong Q4 FY25 with consolidated revenue of INR 174.6 crore (+17% YoY) and PAT of INR 117.1 crore (+21.1% YoY), driven by record electricity volumes of 31.7 BU (+...

KFin Technologies delivered a resilient Q4 FY25 with revenue of INR 283 crore (+24% YoY) and EBITDA margin of 43.2%, despite market headwinds.

Tata Consumer Products reported a strong Q4 FY25 with consolidated revenue of INR 4,608 crore, up 17% YoY (12% organic).

Eicher Motors delivered a record Q4 FY25 with consolidated revenue of INR 5,241 crore and EBITDA of INR 1,258 crore.

Maruti Suzuki reported Q4 FY25 net sales of ₹38,800 crore (+5.7% YoY) and net profit of ₹3,710 crore (-4.1% YoY), impacted by higher other expenses, new plant overheads, and adv...

UltraTech Cement reported a strong Q4 FY25 with 10% volume growth versus industry growth of ~4%, driven by organic expansion and acquisitions.

ICICI Bank reported a strong Q4 FY25 with PAT growing 18% YoY to INR 126.30 billion, driven by robust core operating profit growth of 13.7% YoY and stable asset quality.

Tech Mahindra reported Q4 FY25 revenue of $1,549M (flat YoY, -1.5% CC QoQ) and full-year revenue of $6,264M (+0.3% CC).

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 merc...

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.

AU Small Finance Bank delivered a resilient performance in FY25 despite a challenging macro environment.

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 (Op...

Infosys reported FY25 constant currency growth of 4.2% with operating margin of 21.1% and large deal TCV of $11.6 billion.

Reliance Industries reported a mixed Q4 FY25 with O2C weakness offset by strong consumer business performance.

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...

Canara Bank reported a strong Q4 FY25 with net profit crossing INR 5,000 crore for the first time, up 33.19% YoY.

HCLTech reported FY25 revenue of $13.84B, up 4.7% YoY in constant currency, with operating margin of 18.3% (+7bps YoY).

Kotak Mahindra Bank's Q4 FY25 standalone PAT came in at INR 3,552 crore, though the year-ago quarter included one-offs.

M&M delivered a strong Q4 FY25 with SUV volumes up 20% and market share reaching 22.5% (+210bps).

SBI reported FY25 net profit of INR 70,901 crore, up 16.08% YoY, driven by strong credit growth of 12% and stable asset quality with slippage ratio of 0.55%.

Federal Bank reported Q4 FY25 net profit of INR 1,030 crore, up 14% YoY, crossing a milestone of INR 5,18,000 crore in total business.

Titan delivered a strong Q4 FY25 with ~20% retail growth in jewelry, driven by ticket size inflation from rising gold prices, though buyer growth remained muted in lower price b...

Wipro's Q4 FY25 IT services revenue declined 1.2% YoY in constant currency to $2.6B, with operating margins expanding 110bps YoY to 17.5%.

TCS reported Q4 FY25 revenue of ₹64,479 crore, up 5.3% YoY, with operating margin at 24.2%, contracting 30 bps QoQ due to tactical interventions and elevated expenses.

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...

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.

SBI Life reported a strong Q4 FY25 with PAT up 27% to INR 24.13 billion, driven by improved product mix and margin expansion.

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.

L&T reported a robust Q1 FY25 with group revenues of ₹55,100 crore (+15% YoY) and PAT of ₹2,800 crore (+12% YoY), driven by strong execution in infrastructure, hydrocarbon, and...

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 repa...