Energy Sector — Q4 FY26 Earnings Overview
31 companies reported. 27 bullish, 4 neutral, 0 bearish.
Average revenue growth: 37.5%
Sector sentiment: bullish
Aggregate revenue: ₹2,00,871 Cr
Average margin: 27.3%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| HPCL | ₹1,14,937 Cr | +4.5% | 8.0% | bullish high |
| Tata Power | ₹14,900 Cr | +11% | 17.0% | bullish high |
| Adani Power | ₹14,223 Cr | +4% | 33.0% | bullish high |
| Adani Energy Solutions | ₹7,443 Cr | — | — | bullish high |
| Torrent Power | ₹6,406 Cr | — | — | neutral medium |
| Lloyds Metals | ₹6,020 Cr | +310% | 42.0% | bullish high |
| Shyam Metalics | ₹5,240 Cr | +27% | 14.4% | bullish high |
| JSW Energy | ₹4,499 Cr | +39% | 50.0% | bullish high |
| Adani Green Energy | ₹3,502 Cr | +22% | 82.0% | bullish high |
| CG Power | ₹3,442 Cr | +22% | 14.0% | bullish high |
| Solar Industries India | ₹3,053 Cr | +54.7% | 27.0% | bullish high |
| Kirloskar Oil Engines | ₹2,116 Cr | +21% | 18.0% | bullish high |
| Mahanagar Gas | ₹2,052 Cr | — | 13.0% | neutral medium |
| Sterling and Wilson | ₹1,946 Cr | — | — | bullish high |
| Emmvee Photovoltaic Power | ₹1,739 Cr | +116% | 33.0% | bullish high |
| Adani Total Gas | ₹1,557 Cr | +16% | 19.0% | bullish high |
| Vikram Solar | ₹1,450 Cr | — | 16.0% | bullish high |
| Rajesh Power Services | ₹990 Cr | +52% | 11.0% | bullish high |
| KPI Green Energy | ₹796 Cr | +56% | 37.0% | bullish high |
| Australian Premium Solar | ₹709 Cr | +60.7% | 13.5% | bullish high |
| K.P. Energy | ₹632 Cr | +59% | 21.0% | bullish high |
| Clean Max Enviro | ₹557 Cr | +28% | 48.0% | bullish high |
| Acme Solar Holdings | ₹548 Cr | +31% | 87.0% | bullish high |
| GK Energy | ₹477 Cr | +40% | 18.0% | bullish high |
| Borosil Renewables | ₹438 Cr | +33.7% | 33.0% | bullish high |
| GE Power India | ₹315 Cr | +19% | 37.6% | bullish high |
| Danish Power | ₹310 Cr | +22% | 18.0% | bullish high |
| Irm Energy | ₹280 Cr | +9% | 11.0% | bullish medium |
| Indian Energy Exchange | ₹174 Cr | +12.5% | 86.0% | neutral medium |
| GSM Foils | ₹82 Cr | +79.1% | 11.5% | bullish medium |
| Orient Green Power | ₹39 Cr | +13% | 26.0% | neutral medium |
Key sector risks this quarter
Australian Premium Solar · high
Trade receivables surged to ~₹160 Cr (from ~₹40 Cr in FY25) due to 90-120 day payment cycle for solar pump segment; only ₹40 Cr collected post-March.
Danish Power · highRising transformer oil, aluminium, and copper prices due to geopolitical tensions could compress margins, especially on fixed-price orders.
GK Energy · highThe PM-KUSUM 2.0 scheme has been delayed, which could impact H2 FY27 volumes if not launched in time.
HPCL · highContinued supply disruptions and high crude prices could deepen losses and delay recovery.
HPCL · highLPG loss per cylinder rose from ₹84 in Q4 to ₹170 in April and ₹670 in May, straining finances.