Q4 FY26 earnings calls.

Hikal's Q4 FY26 revenue stood at 519 crores with EBITDA margins improving to 20.3%, driven by recovery in crop protection and pharma demand. Full-year revenue was 1,713 crores with EBITDA margin of 12.9%. Pharma division

Himadri delivered a record Q4 FY26 with consolidated revenue of ₹1,288 crore (+14% YoY), EBITDA of ₹280 crore (+21% YoY), and PAT of ₹208 crore (+34% YoY), driven by strong execution in specialty carbon black and coal ta

Hind Rectifiers reported a strong Q4 FY26 with consolidated revenue of ₹279.8 crore, up 51.2% YoY, driven by traction transformers and railway systems. Standalone EBITDA margin held at 10.2%, while consolidated margin wa

HGS reported Q4 FY26 revenue of ₹1,085 crore and EBITDA of ₹197 crore (margin 15.7%), with margins expanding ~200 bps YoY from cost rationalization. The full-year revenue was ₹4,437 crore with EBITDA margin of 13.4%. Man

HAL reported FY26 revenue of INR 33,050 crore (+7% YoY) and EBITDA of INR 13,472 crore (+11% YoY), with EBITDA margin steady at 30%. Manufacturing revenue grew 31% to INR 9,227 crore, driven by ALH helicopters and engine

HAL reported FY26 revenue of ₹33,150 crore (+7% YoY), with EBITDA of ₹13,472 crore (+11% YoY) and margins steady at 30%. Manufacturing revenue grew 30% to ₹9,227 crore, driven by ALH helicopter and engine deliveries, whi

HCC reported a 142% YoY surge in standalone PAT to ₹206 crore for FY26, driven by operational efficiency and cost discipline. However, standalone revenue declined 18% YoY to ₹3,937 crore, reflecting a low order book. The

HMVL reported a mixed Q4 FY26 with consolidated revenue declining 2% YoY to ₹558 crore, but EBITDA grew 5% to ₹131 crore and margins expanded 100bps to 23%. PAT stood at ₹96 crore with a 17% margin. Print advertising rev

Hindustan Oil Exploration reported a challenging FY26 with production impacted by operational upsets and the HPCL crude sale reversal. Revenue would have been ₹559 crore had the sale gone through, but actual reported rev

Hindustan Zinc delivered a record Q4 FY26 with revenue of ₹13,544 crore (up 49% YoY), EBITDA of ₹7,747 crore (up 61% YoY), and net profit of ₹5,333 crore (up 68% YoY). Record mine metal production of 315 KT and refined m

Hindustan Zinc delivered a record Q4 FY26 with revenue of ₹13,544 crore (up 49% YoY), EBITDA of ₹7,747 crore (up 61% YoY), and net profit of ₹5,033 crore (up 68% YoY). The stellar performance was driven by record mined m

Hitachi Energy India delivered a strong Q4 FY26 with revenue of ₹2,754 crore (+46.2% YoY) and PAT of ₹330.5 crore (+80% YoY), driven by robust execution and operating leverage. Full-year revenue crossed ₹8,147 crore (+27

HLE Glascoat reported consolidated FY26 revenue of ₹1,353 crore (+31.7% YoY), driven by strong performance in filtration & drying (+50.9%) and heat transfer (+54.6%). EBITDA grew 5.4% to ₹148.5 crore, with margins at 11%

Home First Finance delivered a strong Q4 FY26 with record disbursements of ₹1,572 crore (+23.5% YoY) and PAT of ₹149 crore (+42.7% YoY). AUM grew 24.9% YoY to ₹15,878 crore, driven by improved distribution, rebuilt teams

HPCL delivered a strong Q4 FY26 with standalone PAT of ₹4,901 crore (+46% YoY), driven by robust Jan-Feb momentum and lagged crude benefits in March. Full-year standalone PAT of ₹17,175 crore (133% YoY) was 17% above the

HPL Electric delivered a strong FY26 with revenue crossing 1,800 crores and Q4 revenue exceeding 500 crores for the first time. The CNI segment grew 26% to 784 crores, led by wire & cables which surged 50% to 340 crores.

HT Media delivered a solid Q4 FY26 with consolidated revenue of ₹558 crore (down 2% YoY) but EBITDA of ₹131 crore (up 5% YoY) and margin expansion of 100 bps to 23%. PAT came in at ₹96 crore with a 17% margin. The print

Huhtamaki India reported a stable Q1 FY26 with net sales up 0.1% YoY, but EBITDA surged 24.8% YoY driven by a favorable sales mix and operational efficiencies. The company's selective participation in higher-value segmen

HUL delivered 8% revenue growth in Q4 FY26, the highest in 12 quarters, driven by 7% underlying sales growth led by volumes. EBITDA margin at 23.7% came at the higher end of guidance, with PAT before exceptional items at

Hyundai Motor India reported Q4 FY26 revenue of ₹18,916 crore, up 5.4% YoY, driven by record domestic volumes (166,578 units, +8.5% YoY) and export growth of 9.4%. However, EBITDA margin contracted 370 bps YoY to 10.4% d

Ice Make Refrigeration delivered a strong Q4 FY26 with consolidated revenue of ₹255 crore, up 41.8% YoY, driven by broad-based growth across segments and strong execution of the order book. EBITDA margin came in at 8.5%,

ICICI Bank reported a solid Q4 FY26 with PAT of ₹13,702 crore (+8.5% YoY) driven by strong loan growth of 15.8% YoY and stable NIM at 4.32%. Asset quality improved with net NPA at 0.33% and credit cost at 38bps for FY26.

ICICI Lombard reported a strong Q4 FY26 with PAT of ₹27.72 billion (up 10.5% YoY) on a 1-Yr basis, driven by robust growth in retail health (51.1% YoY) and motor (15% in Q4). The combined ratio improved to 101.2% (1-Yr b

ICICI Prudential AMC reported a strong Q4 FY26 with operating revenue of ₹1,517 crore (+19.5% YoY) and operating profit before tax of ₹1,128 crore (+30.2% YoY). PAT came in at ₹763 crore (+10.4% YoY). The company maintai

ICICI Prudential Life reported a mixed FY26 with PAT up 34.6% YoY to ₹16B, driven by higher investment income including a ₹1.14B gain from sale of a subsidiary. VNB grew 10.9% to ₹26.29B with margin expansion of 190bps t

ICRA reported a strong Q4 FY26 with consolidated revenue growth of 28.4% YoY, driven by the research & analytics segment (+56.8% YoY) from the Fintelix acquisition and sustained demand for risk/compliance solutions. The

ideaForge delivered a standout Q4 FY26 with revenue of ₹141 crore (up ~595% YoY), EBITDA of ₹74.2 crore (52.6% margin), and PAT of ₹60 crore, driven by execution of ~40% of the opening order book. The year saw record ord

IDFC First Bank reported Q4 FY26 PAT of ₹319 crore, impacted by a ₹480 crore fraud provision and ₹118 crore treasury loss. Normalized PAT was ₹746 crore, up 145% YoY. Loans grew 20% YoY to ₹2.9 lakh crore, with NIM at 5.

IFB Industries reported Q4 FY26 revenue of ₹1,455 crore, up 11% YoY, with EBITDA of ₹80.7 crore (margin 5.5%, +20bps YoY). PAT grew 51% to ₹33.7 crore, aided by cost optimization offsetting ₹84 crore commodity/forex head

IIFL Capital Services reported flat full-year operational revenue of ₹2,439 crore for FY26, with retail equities revenue down 9% due to regulatory changes, while institutional/IB revenue grew 11% and financial distributi

IKIO delivered a strong Q4 FY26 with revenue of ₹165 crore (+47% YoY) and PAT of ₹18 crore (+63% QoQ). EBITDA margin expanded to ~16% (vs ~13% FY26 full year), driven by a favorable mix shift toward non-lighting segments

Indegene delivered a landmark Q4 FY26 with revenue crossing ₹1,000 crore for the first time, up 32.8% YoY, and full-year revenue of ₹3,515 crore (+23.6% YoY). Growth was driven by strong deal momentum, including a tecton

UltraTech Cement delivered a landmark Q4 FY26, crossing 200 million tons of domestic capacity—a first for any company outside China—a full year ahead of target. Consolidated sales volumes hit 44 million tons, with UltraT

India Shelter delivered a strong Q4 FY26 with AUM crossing ₹11,044 crore (up 29% YoY) and PAT of ₹138 crore (up 27% YoY). Disbursements crossed ₹1,000 crore for the first time in a quarter. Asset quality improved sharply

Indiabulls reported Q4 FY26 revenue of ₹417 crore and PAT of ₹195 crore, driven primarily by real estate revenue recognition of ₹143 crore from recently launched projects. The company completed a three-year restructuring

IndiaMART reported Q4 FY26 consolidated revenue of ₹404 crore (+14% YoY) and EBITDA margin of 33%. Paying suppliers declined by 1,200 sequentially to 2,20,000, driven by price hike impacts and geopolitical headwinds. Col

Indian Bank reported a decent Q4 FY26 with net profit of ₹3,133 crore (up 11.33% YoY for the full year) and operating profit of ₹5,286 crore (up 5.21% QoQ). Advances grew 13.43% YoY driven by RAM (retail +18.72%, MSME +1

IEX reported Q4 FY26 consolidated revenue of ₹174 crore (+12.5% YoY) and PAT of ₹130 crore (+10.8% YoY), driven by record quarterly electricity volumes of 39.4 BU (+24.3% YoY) and strong RTM growth (+48.2% YoY). The day-

IHCL delivered a strong Q4 FY26 with consolidated revenue of ₹2,845 crore (+14% YoY) and EBITDA margin of 37%. PAT grew 14% to ₹600 crore. The quarter was impacted by ~₹40-50 crore revenue loss from West Asia conflict, b

Indian Metals and Ferro Alloys reported a strong Q4 FY26 with PAT surging to ₹103 crore from ₹47 crore YoY, driven by higher realizations (~₹1,09,000/ton vs ₹87,000/ton) and the initial contribution from the K&R2 acquisi

IRCTC reported its highest-ever annual revenue of ₹5,215 crore (up 11.55% YoY) and PAT of ₹1,393 crore (up 6% YoY) for FY26, driven by strong performance across all segments. Q4 revenue grew 15.05% YoY to ₹1,460 crore, t

IRFC delivered a strong FY26, surpassing guidance with 74,000 cr in sanctions and 35,000 cr in disbursements, driven by diversification beyond Indian Railways into CPSEs and state government projects. Revenue grew 9% YoY

IRFC reported a strong FY26 with record revenue and PAT crossing INR 7,000 crore. Sanctions reached INR 74,000 crore (vs guidance of INR 60,000 crore) and disbursements INR 35,000 crore (vs guidance of INR 30,000 crore).

Indo Farm Equipment reported Q4 FY26 standalone revenue of ₹128.58 crore, up 2.73% YoY, with EBITDA of ₹17.47 crore (margin 13.59%). Tractor segment grew 21% YoY to ₹61.2 crore, while crane revenue declined 9.67% to ₹67.

Indoco Remedies reported a strong Q4 FY26 with consolidated revenue of ₹456 crore, up 18.8% YoY, driven by a 94.6% surge in international formulations, particularly in regulated markets (US +77.5%, Europe +68.7%) and eme

IndoStar reported a net loss of ₹424 crore in Q4 FY26, driven by a ₹326 crore additional provision on security receipts and a ₹49 crore management overlay for West Asia risks. However, underlying business momentum is str

Indus Infra Trust reported Q4 FY26 consolidated revenue from operations of ₹187.94 crore and PAT of ₹106.28 crore. The trust declared a DPU of ₹3.50, bringing FY26 total DPU to ₹13.50, exceeding the initial guidance of ₹

Indus Towers reported Q4 FY26 revenue of INR 81 billion (+4.8% YoY) and EBITDA of INR 44.6 billion (+1.6% YoY), with EBITDA margin at 55.1% (-180bps YoY). PAT grew marginally to INR 17.9 billion. Core rental revenue rose