Q4 FY26 earnings calls.

Techno Electric closed FY26 with record standalone revenue of ₹3,252 crore (+35.4% YoY) and PAT of ₹457 crore (+34.8% YoY), though Q4 faced headwinds from GCC-related supply chain disruptions that shaved approximately ₹2

Tejas Networks reported Q4 FY26 revenue of ₹333 crore, up 8% QoQ, but continued to post heavy losses with EBITDA of -₹219 crore and PAT of -₹211 crore. Full-year revenue was ₹1,113 crore with a net loss of ₹909 crore. Th

Tejas Cargo India delivered solid top-line growth of 25.2% YoY to INR 636.5 CR in FY26, driven by fleet expansion (1,339 vehicles) and higher trip volumes. However, EBITDA margins compressed 240 bps YoY to 18.4% due to e

Tembo Global delivered a transformational FY26 with Rs 1,090 crore revenue (+46.7% YoY) and strong profitability expansion—PAT grew 79.7% YoY and EBITDA 55.4% YoY. The engineering solutions segment drove growth amid robu

Texmaco Rail reported Q4 FY26 revenue of ₹1,167 crore, down 13.3% YoY due to supply chain disruptions and US tariffs, but EBITDA margin expanded 120 bps to 10% and PAT margin rose 206 bps to 5%, driven by cost controls a

Anup Engineering reported FY26 consolidated revenue of ₹822.3 crore and EBITDA of ₹174.2 crore, with an EBITDA margin of 21.2%. The year was challenging due to elevated input costs, supply chain disruptions, and geopolit

Great Eastern Shipping reported its best-ever quarter and year in consolidated net profit, crossing ₹1,000 crore for the first time, driven by the Strait of Hormuz disruption which spiked tanker and LPG rates to multi-ye

IHCL reported a strong Q4 FY26 with consolidated revenue of INR 2,845 crore (+14% YoY), EBITDA of INR 1,052 crore (+15% YoY) at a 37% margin, and PAT of INR 600 crore (+14% YoY). The quarter was impacted by geopolitical

Thermax reported a strong Q4 FY26, with revenue execution improving over prior quarters and a robust order book boosted by a ₹1,600 crore supercritical boiler order from the private sector. The order book closed 27% high

Thomas Cook India reported a 10% YoY decline in Q4 FY26 consolidated revenue to ₹1,777 crore, heavily impacted by geopolitical disruptions (US-Iran conflict, Pulwama aftermath) that truncated key travel seasons. The trav

Thyrocare delivered a strong Q4 FY26 with consolidated revenue of ₹224 crore (+20% YoY) and PAT of ₹48.7 crore (+128% YoY), driven by 21% growth in franchisee business and 23% in partnerships. Test volumes surged 29% YoY

Tinna Rubber delivered a strong FY26 with standalone revenue of Rs 533 crore and EBITDA margin expansion of 286bps to 17.2%, while consolidated Q4 revenue grew 22% YoY to Rs 157 crore with EBITDA and PAT margins exceedin

Titan delivered a superlative quarter with all businesses growing strongly, driven by a resurgence in buyer growth (+8% vs flat prior) aided by gold price-led urgency, wedding preponement, and successful exchange campaig

Torrent Power reported Q4 FY26 PBD of ₹547 cr, down 12% YoY, impacted by a ₹171 cr non-recurring provision for power purchase cost disallowance. Adjusted PBD rose 16% YoY to ₹718 cr, supported by a ₹186 cr carrying cost

Tracxn reported Q4 FY26 revenue of ₹20.5 crore with full-year FY26 revenue of ₹84 crore. The company remains EBITDA-negative (-₹6.6 crore FY26 including ESOP; -₹3.5 crore adjusted) as it invests aggressively in growth. I

Transformers and Rectifiers India reported Q4 FY26 standalone revenue of ₹752 crore (+1.6% YoY) and EBITDA margin of 15.1%, slightly down due to ESOP costs. Full-year revenue reached ₹2,395 crore (+22.8% YoY) with PAT of

TCI reported 12% Q4 revenue growth, falling slightly short of 10-12% top-line guidance due to the Russia-Ukraine conflict impact on March business. EBITDA decline of 14% YoY for FY26 reflects compressed margins across fr

Transrail Lighting delivered a record FY26 with ₹6,880 crore revenue (+30% YoY) and ₹421 crore PAT (+28% YoY), exceeding its own revised guidance of 27%. The company maintained EBITDA margin at 11.92% despite commodity c

Travel Food Services delivered resilient Q4 and FY26 results despite multiple sectoral disruptions. Full-year revenue from operations grew 13.9% YoY to INR 1,650 crore, with EBITDA expanding ~240bps to 39.4% margin and P

Trishakti Industries delivered a transformative Q4 FY26, with revenue surging 90% YoY to ₹32.44 Cr and EBITDA jumping 220% to ₹20.21 Cr, driven by a strategic pivot to a pure-play infrastructure equipment rental model. T

Triveni Engineering delivered a robust FY26 with revenue of 6,291 crores (+10.6% YoY) and PAT of 268.7 crores (+12.8% YoY), driven by strong sugar and distillery segments. The distillery business achieved its highest-eve

Tube Investments delivered 20.7% YoY consolidated revenue growth to INR 6,215 crore in Q4 FY26, driven by strong performance in Engineering and Mobility segments. Engineering revenue grew ~15% YoY to INR 1,499 crore with

TVS Motor delivered a record Q4 FY26 with revenue of ₹12,880 crore (+36% YoY) and EBITDA margin of 13.1% (+60bps YoY), driven by strong volume growth across segments. Total volumes reached 5.9 million units (+24% YoY), w

Uco Bank delivered a strong Q4 FY26 with net profit of ₹801 crore (+22% YoY), driven by robust credit growth of 19.44% YoY and improved asset quality. Gross NPA fell to 2.17% (down 52bps YoY) and net NPA to 0.27%. The ba

Ugro Capital reported Q4 FY26 revenue of ₹628 crore, up 51% YoY, driven by strong growth in focus verticals (EM LAP and embedded finance) which now constitute 38% of AUM (vs 33% last quarter). PAT grew 26% YoY, but inclu

Ujjivan SFB delivered a strong Q4 FY26 with total income of ₹2,186 crore (+18.6% YoY) and PAT of ₹282 crore, driven by robust loan growth of 26.6% YoY and NIM expansion to 8.5%. The secured portfolio mix improved to 49.4

UltraTech delivered a landmark Q4 FY26, crossing 200 million tons of cement production capacity in India, a first for any company outside China. Consolidated sales volumes hit a record 44 million tons, with UltraTech bra

UltraTech Cement delivered a strong Q4 FY26, with consolidated sales volumes crossing 44 million tons and PAT of ₹3,000 crore for the quarter. The company achieved 200 million tons of cement production capacity, a full y

Unicommerce delivered a strong FY26 with revenue of 204.3 crores (up 51.6% YoY) and adjusted EBITDA of 43.9 crores (up 54.5% YoY), driven by robust client additions (450+ enterprise clients) and cross-platform adoption.

Union Bank of India reported a strong Q4 FY26 with net profit of ₹18,697 crore and recommended a dividend of ₹5 per share. The bank achieved robust business growth, with gross advances up 9.74% YoY and a significant impr

United Breweries reported Q4 FY26 results with 4% volume growth, lagging the category's 10% growth, as deliberate inventory corrections and a shift to contract brewing muted primary sales. Gross margin expanded 330bps dr

UPL delivered a strong FY26 with revenue up 11% to ₹52,000 crore and EBITDA up 18%, driven by volume-led growth across all regions and platforms. Contribution margin expanded 220bps to 31.5% in crop protection, while net

Urban Company delivered a standout Q4 FY26, with consolidated NTV surging 42% YoY to ₹1,148 crore and revenue up 43% to ₹426 crore. The India core services business accelerated to 26% NTV growth—the fastest in 11 quarter

Usha Martin delivered a strong Q4 FY26 with consolidated revenue of ₹979 crore (+9.3% YoY) and EBITDA of ₹212 crore (+52% YoY), the highest since the steel business sale. EBITDA margin expanded to 21.6% (+610 bps YoY), d

UTI AMC reported a steady FY26 with standalone revenue of ₹1,255 crore (+6.4% YoY) and normalized PAT of ₹643 crore (flat YoY). EBITDA margin contracted ~125bps to 36.7% due to higher employee costs (including VRS provis

Utkarsh Small Finance Bank reported a net loss of ₹188 crore in Q4 FY26, driven by elevated provisions for legacy stress in the MFI portfolio. However, the quarter showed clear green shoots: JLG disbursements grew 58% Qo

V Guard delivered a robust Q4 FY26 with consolidated revenue of ₹755 cr (+14.1% YoY) and PAT of ₹112 cr (+23% YoY), driven by strong performance in electronics (+22.3%) and electricals (+15.9%). EBITDA grew 19.3% to ₹171

V-Mart delivered a strong Q4 FY26 with revenue growth of 24% YoY to ₹972 crore, driven by 12% like-to-like growth and the highest-ever quarterly store addition of 29. EBITDA surged 56% YoY to ₹106 crore, with margins exp

Vardhman Special Steels reported record PAT of ₹122 crore for FY26, driven by highest-ever sales volume of 225,000 tons. The company is expanding rolling capacity to 270,000 tons and targeting 250,000-255,000 tons in FY2

Vardhman Textiles reported a decent Q4 FY26 performance, with gross margins expanding ~300bps QoQ, though EBITDA margins were impacted by a one-time mark-to-market forex loss of ~₹57-58 crore. The key positive is a struc

Varun Beverages delivered a strong Q1 CY2026, with consolidated revenue up 18.1% YoY to ₹6,574 crore and EBITDA up 21% YoY to ₹1,529 crore, driven by volume growth of 16.3% (India +14.4%, international +21.4%). EBITDA ma

Vascon Engineers reported a weak FY26 with consolidated revenue of ₹984 crore (down ~10% YoY) and EBITDA of ₹87 crore (down 13% YoY), impacted by cash flow constraints in two large government projects and organizational

Vedant Fashions reported Q4 FY26 revenue of ₹399 crore (+8.7% YoY) and PAT of ₹114 crore (+13% YoY), driven by a strong March and improved footfalls. Retail sales reached ₹561 crore (+7.8% YoY) with same-store sales grow

Vedanta delivered a record FY26 with ₹1.74 lakh crore revenue (+15% YoY), ₹55,976 crore EBITDA (+29% YoY), and ₹25,096 crore PAT (+22% YoY). Q4 EBITDA margin expanded 915 bps YoY to 32.2%, driven by record aluminium prod

Veefin Solutions reported a strong Q4 FY26 with standalone revenue of ₹70.74 crore (up ~90% YoY) and EBITDA of ₹38 crore (up 122% YoY), with EBITDA margins expanding 800 bps to 53.89%. The growth was driven by scaling of

Ventive Hospitality delivered a strong Q4 FY26 with consolidated revenue of ₹870 crore (+21% YoY) and EBITDA of ₹476 crore (+28% YoY), driven by pricing power in India (ADR +12% to ₹14,200) and robust Maldives performanc

Vidhi Specialty Food Ingredients reported FY26 revenue of ₹380 crore, marginally down from ₹382.3 crore due to global demand slowdown and tariff volatility. However, EBITDA grew 14.7% to ₹78 crore and PAT rose 20.8% to ₹

Vidya Wires reported a strong FY26 with revenue from operations at ₹1,839.6 crore, up 24.4% YoY, driven by copper price tailwinds and higher capacity utilization. EBITDA margin expanded 35 bps to 4.66%, aided by discipli