Q4 Results 18th May Live: IOC, JSW Cement, Zydus Wellness, DOMS Industries, Ola Electric Mobility, GE Vernova, Astral, Afcons Infra, Strides Pharma to announce Q4 results, Tata Steel, Vodafone Idea, Delhivery, Power Grid shares in focus

Quarterly results

Premier Energies Q4 results live: Brokerages view

UBS on Premier Eng

Buy, TP Rs 1340

• Q4 – Margin beat led by favourable mix; strategically well-positioned
• a) Order book stands at 9.4GW (up 77% YoY; flat QoQ), with a healthy mix of modules and cells. In absolute terms, this translates to Rs140bn, (Rs25bn orders in Q4FY26, up 8% YoY).
• b) Cell production ramp-up has been strong, with Q4 output at 722MW (vs. 590MW in Q3), supporting margin resilience, enabling Premier to outperform peers despite sector-wide margin pressures.
• c) For FY26, total cell production was 2.26GW (vs. 1.6GW YoY), with 84% effective capacity utilization.
• d) Premier remains on track on capacity expansion, targeting 4.8GW cell capacity by June 2026 & an additional 2.2GW by Sep-26.
• e) On backward integration, execution remains on track, with 5GW ingot-wafer capacity by Dec-27 & remaining 5GW by Dec-28.
• Management commentary & outlook Management remains positive on demand with strong visibility (Rs140bn order book) & expects sustained momentum in FY27, led by policy tailwinds

Kotak Inst Eqt on Premier Eng

• Sell, TP raised to Rs 900 from Rs790
• Delivered weaker-than-expected revenue at Rs22.3 bn (+38% yoy), 10.9% below KIE estimate, with steady EBITDA margin despite commodity cost pressures
• Co achieved module capacity target of 11.1 GW on time & remains on track for cell capacity of 10.6 GW by 1HFY27
• While Transcon transformer acquisition is complete and expansion on track, KSolare inverter acquisition did not materialize and BESS commissioning has been delayed, which was a negative.
• Factoring in adjustment in module & cell volumes driven by on-track commissioning, partly offset by delay in BESS, increase FY2027/28E EPS by 3.5%/2%

Quarterly results

Delhivery Q4 results live: Brokerages view

UBS on Delhivery

• Buy, TP Raised to Rs 630
• Strong Q4 with revenue of Rs28.5bn (+30% YoY), ahead of expectations
• This was driven by robust growth across core transport segments (express and PTL),
• Alongside, there was a profitability beat led by continued margin expansion.
• Operational performance reflects strong volume momentum and effective integration of Ecom Express, while profitability was supported by sustained efficiency gains and improved segment-level execution.
• Key notable is sequential growth in express volumes despite Q3 being a strong quarter seasonally.

GS on Delhivery

• Neutral, TP Rs 480
• 4QFY26 revenues of Rs28.5bn (+6% vs GSe) at 30% yoy growth.
• Express parcels volume surged 73% yoy to 306mn (>1bn in FY26), but revenues were up only 46% implying lower realization.
• PTL volumes grew by 20% yoy with stable realization.
• Across other businesses segments, growth was weak.
• Adjusted EBITDA came in at Rs1,512mn, below GSe of Rs1,974mn.
• While service EBITDA was higher, the increase in corporate overheads in the quarter was higher than GSe.
• This quarter had Rs220mn of integration costs which we had not built-in.
• It turned free cashflow positive much earlier than guidance of FY27 end with net working capital cycle at 11 days.

CITI on Delhivery

• Buy, TP Rs 565
• Express Parcel volumes at 306mn (+4% QoQ; +9% vs Citi) show continuing gains from 3PL consolidation + increased outsourcing at leading horizontal e-commerce platform
• Post acquisition of Ecom Express, Delhivery’s ecommerce volumes in FY26 are up 40% YoY, while PTL revenues are up 19% YoY and transportation business Adj EBITDA margins have expanded c300bps to 6%+ (Guidance: 10%+ in FY29E).
• Looking ahead, expect rangebound capex (<5% of rev) & working capital requirements to result in improvement in network utilization & free cash flows – expect Adj EBITDA/FCF margins at 8%/2.5% in FY28E vs 4.4%/<1% in FY26 on revenue growth at 19% CAGR.

Jefferies on Premier Eng

• Buy, TP Rs 1135
• Reported Ebitda/PAT 5%/21% ahead of JEFe.
• Silver price hedging has supported margin.
• Order book was flat q/q with strong visibility of revenue/Ebitda over FY27-1HFY28.
• Working capital expanded weighing on OCF. Power demand recovery in FY27 should aid renewable
• Project 33% FY26-28E Cagr, Valuation is 1 SD below mean.

Stock down

Afcons Infra Q4 results live: Shares tank ahead of results

Afcons Infrastructure said it has been selected as the most suitable bidder for a railway rehabilitation and construction project in Croatia, while two road project tenders in the country have been cancelled as the company’s bid exceeded the client’s available financial resources.

Shares traded 7% lower at Rs 313.15 on the NSE at 10.46 am, hitting a low of Rs 309.10.

Company to announce Q4 results today.

Stock up

Uno Minda Q4 results live: Shares gain

Uno Minda shares traded 2.5% positive at Rs 1,149.90, hitting a high of Rs 1,161.50 compared to the previous close of Rs 1,121.80.

Its profit after tax (PAT) grew 22 per cent year-on-year to Rs 326 crore in the January-March quarter.

Uno Minda on Saturday said it will set up a greenfield manufacturing facility for electric four-wheeler powertrain at Chhatrapati Sambhajinagar (erstwhile Auranagabad) in Maharashtra at an investment of Rs 550 crore.

Stock down

Tata Steel Q4 results live: Shares fall

Tata Steel shares down 5% despite strong Q4 earnings, brokerages divided on outlook

Tata Steel shares drop 5% despite strong Q4 earnings, with mixed brokerage views amid regulatory concerns and project delays.

Brokerages’ outlook mixed | READ MORE

Stock down

Latent View Analytics Q4 results live: SHARES DOWN  

Latent View Analytics traded at Rs 296.85 on the NSE at 10.23 am, lower by 3%.

Company reported consolidated net profit for the quarter ended March 2026 at Rs 55 crore compared to Rs 51.2 crore in the same quarter last year.

Stock down

Cochin Shipyard Q4 results live: Shares tank

Cochin Shipyard shares fell 7% to Rs 1,489.40 at 10.18 am. The stock hit an intraday low of Rs 1,475 in early trade compared to the previous close of Rs 1,594.50.

Company posted consolidated net profit for the quarter ended March 2026 at Rs 276.48 crore compared to Rs 287.18 crore in the same quarter last year.

Board has recommended a final dividend of Rs. 1.5 per equity share

Stock up

Premier Energies Q4 results live: Shares in green

Premier Energies stock traded at Rs 992.60 on the NSE at 10.13 am, hitting a high of Rs 1,029.60 from the previous close of Rs 981.60.

Company posted consolidated net profit for the quarter ended March 2026 at Rs 456.8 crore compared to Rs 277.8 crore in the same quarter last year.

Board approved raising of funds by way of issuance of Equity Shares, non-convertible debentures along with warrants, any other eligible securities convertible into Equity Shares of the Company, or any combination, for an aggregate amount not exceeding Rs.5000 Crore.

Stock down

Delhivery Q4 results live: Shares fall

Delhivery shares declined over 5% to Rs 450.60 on the NSE.

On Saturday, the company reported a marginal dip in net profitto ₹72.39 crore in the March quarter of 2026 against ₹72.55 crore in the corresponding quarter of the previous financial year.

Stock down

Vodafone Idea Q4 results live: Shares decline.

Vodafone Idea shares traded 2% lower at Rs 12.66 on the NSE, after hitting a high of Rs 13.05 compared to the previous close of Rs 12.95. Company’s net loss narrowed by 22 per cent annually to ₹5,521 crore

Stock down

NCC Q4 results live: Shares fall

NCC shares are down 5% on the NSE at Rs 152.58. 

Company posted standalone net profit for the quarter ended March 2026 at Rs 202.88 crore compared to Rs 213.76 crore in the same quarter last year.

Board recommended dividend of Rs 2.20 per share.

Quarterly results

Hester Biosciences Q4 results Live:

Hester Biosciences reports its Q4 results:

👉Net Profit At ₹15.9 Cr Vs ₹1.2 Cr (YoY)

👉Revenue Up 22% At ₹100 Cr Vs ₹82 Cr (YoY)

👉EBITDA Up 78% At ₹34.2 Cr Vs ₹19.2 Cr (YoY)

👉Margin At 34.2% Vs 23.4% (YoY)

👉One-time Gain Of ₹2.9 Cr Vs Nil (YoY)

Quarterly results

SolaraActive Q4 results live:

SolaraActivePh reports its Q4 results;

👉Net Profit At ₹9.7 Cr Vs Loss Of ₹4.8 Cr (YoY)

👉Revenue Up 42% At ₹387.3 Cr Vs `273 Cr (YoY)

👉EBITDA Up 35.3% At ₹58 Cr Vs ₹43 Cr (YoY)

👉Margin At 14.9% Vs 15.6% (YoY)

Quarterly results

HINDUSTAN COPPER Q4 results live:

HINDUSTAN COPPER: Q4 SL NET PROFIT 4.44B RUPEES VS 1.9B (YOY) || Q4 REVENUE 11.56B RUPEES VS 7.3B (YOY)

HINDUSTAN COPPER: Q4 EBITDA 6.27B RUPEES VS 2.7B (YOY) || Q4 EBITDA MARGIN 54.24% VS 36.53% (YOY)

Quarterly results

Tata Steel Q4 results live:

TATA STEEL: Q4 CONS NET PROFIT 29.2B RUPEES VS 13B (YOY); EST 32B || Q4 REVENUE 632B RUPEES VS 562.2B (YOY)

TATA STEEL: Q4 EBITDA 98.3B RUPEES VS 65.6B (YOY) || Q4 EBITDA MARGIN 15.68% VS 11.67% (YOY)

Quarterly results

Q4 results live:

📢 Fineotex Chemical Ltd (FCL) — Q4 & FY26 Results Snapshot

🧾 In one line

📌 Q4 delivered a transformational ~162% YoY revenue jump driven by the consolidation of newly-acquired CrudeChem Technologies (US oilfield specialty chemicals); however, blended EBITDA margins compressed sharply as the lower-margin CrudeChem business diluted the legacy textile chemicals profile. PAT more than doubled in Q4 on a lower effective tax rate, while FY26 PAT growth was a modest +14% on +45% revenue growth — clearly reflecting the margin dilution from the strategic pivot into US oilfield chemicals.

📊 Key numbers — Q4FY26 (Consolidated; ₹ Cr)

📌 Revenue from Operations: ₹313.73 Cr (+162% YoY)

📌 Total Revenue (incl. Other Income): ₹323.19 Cr (+154% YoY)

📌 Gross Profit: ₹9…

[7:27 am, 18/5/2026] Badri Sir: 📢 MPS Ltd — Q4 & FY26 Results Snapshot

🧾 In one line

📌 FY26 was a year of strategic transformation for MPS — two acquisitions (Unbound Medicine, USA and Liberate Group, Australia) were executed, revenue grew 5.7% YoY, but EBITDA margins expanded meaningfully to 32.7% (+200 bps YoY) and PAT grew 16.3% YoY. The Board skipped the final dividend for the first time in many years — capital retained for post-acquisition integration and growth.

📊 Key numbers — Q4 FY26 (Consolidated; ₹ Cr)

📌 Revenue: ₹205.2 Cr (+12.7% YoY)

📌 EBITDA (before exceptional): ₹74.1 Cr (+17.4% YoY) → margin 36.1% vs 34.7% in Q4 FY25

📌 PBT: ₹64.9 Cr (+4.9% YoY)

📌 PAT: ₹47.0 Cr (-0.1% YoY — flat; lower exceptional gain vs Q4 FY25)

📌 EPS (Basic): ₹27.72 vs ₹27.76 in Q4 FY25

📈 FY26 Snapshot (Consolidated)

📌 Revenue: ₹768.4 Cr vs ₹726.9 Cr (+5.7% YoY)

📌 EBITDA (before exceptional): ₹251.4 Cr vs ₹223.4 Cr (+12.5% YoY) → margin 32.7% vs 30.7% in FY25

📌 PBT: ₹229.3 Cr vs ₹201.1 Cr (+14.0% YoY)

📌 PAT: ₹173.2 Cr vs ₹148.9 Cr (+16.3% YoY)

📌 EPS (Basic): ₹102.11 vs ₹87.80 in FY25 (+16.3% YoY)

🧩 Segment mix — FY26 (Consolidated)

📌 Research Solutions: ₹463.5 Cr (+1.1% YoY) | Segment EBITDA ₹170.2 Cr — largest segment, essentially flat

📌 Education Solutions: ₹208.9 Cr (+36.3% YoY) | Segment EBITDA ₹77.2 Cr — boosted by Unbound Medicine acquisition (Feb 2026)

📌 Corporate Learning: ₹96.0 Cr (-16.5% YoY) | Segment EBITDA ₹11.3 Cr — weak year; Liberate Group integration underway

Quarterly results

PDS Q4 results live:

PDS Limited, the global supply chain solutions company offering customized solutions to global brands and retailers across services like product development, sourcing, manufacturing, and brand management, announced its consolidated financial results for the Q4 and FY 2025-26.

Key Highlights Q4 FY26:

Clocked GMV: ₹4,905crs up 5% Q-o-Q

Reported Consolidated Topline of ₹3,519crs up 11% Q-o-Q

Achieved EBIDTA of ₹122crs, growth of 12% Q-o-Q, with margin of 3.5%, up 2bps

Achieved PAT of ₹72crs growth of 95% q-o-q, with 2% margin

Key Highlights for FY26:

Clocked GMV: ₹19,666crs, up 5% Y-o-Y

Reported Consolidated Topline of ₹13,110cr, up 4% Y-o-Y

Gross margin for the year improved by 48 bps to 20.6%

Achieved PAT for the year of ₹178cr with margin of 1.4%

Order book as of early April stood at ₹5,074crs up 11%

Net Working Capital improved from ~17 days to ~4 days

₹781cr operating cash flow generated in FY26

Net Debt reduced from ₹374cr (Mar’25) to ₹105cr (Mar’26).

Proposed dividend of ₹3.30 per share for FY26 (165% of face value), of which ₹1.65 per share paid in H1FY26 as interim dividend, representing a payout ratio of 42%.

Quarterly results

Hindustan Copper Q4 results live:

Hindustan Copper: record quarter on all fronts 

Q4FY26 (yoy)

-Revenue +58% to ₹1,156cr

-EBITDA +136% to ₹627cr

-Margin at 54% vs 36.4% YoY / 49.5% QoQ

Valuations rich at 60x FY26E EPS (₹9.5/sh), but street is betting on sharp earnings expansion

Anand Rathi projects FY27 EPS= ₹17.5/sh, implied P/E drops to 32x

Quarterly results

Q4 results live: Key results to watch out for the day

Important Result Calendar

18-May-2026

Derivative

• Indian Oil Corp Ltd

• Astral Ltd

Cash Segment

• Ge Vernova T&D India Ltd

• Indraprastha Gas Ltd

• Gujarat Narmada Valley Ferti

• Zydus Wellness Ltd

19-May-2026

Derivative

• Bharat Electronics Ltd

Zydus Lifesciences Limited

Cash Segment

• Basf India Ltd

• Rites Ltd

• Fine Organic Industries Ltdte

• Gujarat State Ferti & Chem Ltd

20-May-2026

Derivative

• Bosch Ltd

• Jubilant Foodworks Ltd

• Apollo Hospitals Enterprise Ltd

• Grasim Industries Ltd

• Samvardhana Motherson Intl Ltd

Cash Segment

• Medplus Health Services Ltdte

• Honeywell Automation India Ltd

Quarterly results

SAIL Q4 results live:

SAIL posts strong operational numbers but capex upped

EBITDA: ₹4,409 Cr vs poll of ₹4,101 Cr

EBITDA/tn at ₹8,287 (+27% YoY, +84% QoQ) aided by better realisations & lower employee costs

Net debt down to ₹21,663 Cr vs ₹24,852 Cr in Dec’25

Outlook : Q1FY27 EBITDA/tn should improve further

Street may stay watchful on the higher FY27 capex plan of ₹15,000 Cr given past execution track record.

Stock market

Stock market live, Q4 results live: Benchmarks down over 1% in early trade

BSE Sensex fell 752.37 pts or 1.00% to 74,485.62 at 9.16 am after opening at 74,807.97 from the previous close of 75,237.99. Nifty 50 traded 249.30 pts or 1.05% lower at 23,394.20.