Q4 Results Live: Bank Of Maharashtra Profit Surges 35%; Groww Revenue Rises

What to expect?

• Underlying volume growth seen at 3.75%
• Growth supported by trade normalisation after GST implementation.
• Domestic business expected to rise 12%, led by volume growth
• Gross margin likely to decline modestly year-on-year
• Higher advertising and staff costs may weigh on Ebitda margin.

Anand Rathi Wealth sets May 15 as record date for final dividend

Source: Exchange Filing

SML Mahindra Q4 Result Highlights (Standalone, YoY)

• Profit surges 2.4% at Rs 54.2 crore versus Rs 53 crore.
• Revenue rises16.4% at Rs 898 crore versus Rs 771 crore.
• Ebitda fell 0.1% at Rs 90.38 crore versus Rs 90.44 crore.
• Ebitda margin at 10.06% versus 11.72%. 
• To pay final dividend of Rs 23.5 per share.

Motilal Oswal

• Models 17% year-on-year consolidated revenue growth.
• Domestic business expected to rise 12%, led by volume growth.
• Gross profit margin expected to decline modestly.
• Ebitda margin seen contracting year-on-year.
• Growth supported by trade normalisation after GST implementation.

Nestle India is expected to report higher revenue and profit in the March quarter, supported by volume-led domestic growth and improved trade conditions, while margin pressure from input costs and higher spending may weigh on profitability.

Nestle Q4 Preview (Bloomberg Estimates) (Standalone, YoY)

• Revenue seen 12% higher at Rs 6,186 crore versus Rs 5,504 crore

• Ebitda seen 8% higher at Rs 1,498 crore versus Rs 1,389 crore

• Margin seen at 24.21% versus 25.23%

• Profit seen 5% higher at Rs 926 crore versus Rs 885 crore

• Underlying volume growth seen at 3.75%

Some of India's biggest names in banking are set to announce the results for the fourth quarter of FY26 next week. The list includes Bank of Maharashtra, IDFC First Bank, and Axis Bank. Market participants will be closely examining these updates for indications of how companies fared in the fourth quarter. 

Check Estimates, Potential Yields Here

Tata Elxsi Ltd. will announce the results for the fourth quarter of FY26 this week. It is a global design and technology services company. Tata Elxsi has more than 13,000 employees and a presence in over 36 locations. Here's everything you need to know about Tata Elxsi's Q4FY26 results schedule. 

Some of India's top IT firms will announce their fourth-quarter earnings this week. Investors will anticipate the result of key players, including Infosys, Tech Mahindra and LTM. Analysts are set to analyse the updates for understanding the companies' fourth-quarter performance.

TCS and Wipro were the other major IT firms which announced their Q4 results last week. Tata Consultancy Services notably reporting a sharp sequential rebound in profit and a healthy growth in revenue, even though final dividend payout for the full year was slightly lower than expected. Whereas, Wipro Ltd.'s net profit for the fourth quarter of FY26 went up over 12% sequentially, as per an exchange filing on Thursday. 

READ MORE HERE.

Investors will track 57 companies this week that may announce dividends alongside their March quarter results, with Infosys, HCLTech, Oracle Financial Services and IEX among the key names on the list. Several stocks also carry notable estimated dividend yield potential based on Bloomberg estimates and last traded prices.

The packed earnings calendar matters because dividend announcements often move stock prices, shape payout expectations and influence investor interest during result season. The week includes large-cap technology names, financial firms and mid-cap companies with higher estimated yield potential.

Check Estimates, Potential Yields Here.

Nestle India's FY26 dividend is estimated at Rs 14.56 per share, according to Bloomberg data. The forecast puts the company's payout in focus after recent years delivered mixed outcomes against Street expectations.

The analyst range is wide. Among analysts tracked by Bloomberg, the lowest estimate stands at Rs seven per share, while the highest estimate is Rs 32 per share. During the ongoing financial year, Nestle had already announced an interim dividend of Rs 7 per share.

The estimates matter because dividend trends often shape investor expectations on shareholder returns. A payout near the consensus forecast would mark a rise from the Rs 13.5 per share dividend announced for FY25.

READ MORE: Nestle Dividend Announcement: Here's How Much Shareholders May Receive

E2E Networks Q4 Results Highlights (QoQ)

• Net Profit at Rs 6.4 crore versus loss of Rs 5.7 crore.
• Revenue rises 36.6% at Rs 95.6 crore versus Rs 70 crore.
• Ebitda rose 46.6% at Rs 58.1 crore versus Rs 39.6 crore.
• Ebitda margin at 60.7% versus 56.6%.
• Approves Stock-Split Of Each Share Into 10 Shares

The Bank of Maharashtra shares rose as much as 5.8% to Rs 76.95 apiece, this is the highest level since Feb. 27. However it ended 2.87% higher at Rs 74.82 per share. The shares rose 20.58% year-to-date and 54.59% in the last 12 months.

All five analysts tracking the company maintain a 'buy' rating according to Bloomberg data. The average 12-month consensus price target stands at Rs 83.33 indicating an upside of 11.4%.

HCLTech is expected to report muted growth in the March quarter, with margins seen under pressure as seasonal weakness in the software business, wage hikes and restructuring costs weigh on profitability.

The constant currency growth for the quarter is expected in the range of a decline of 1.7% to 0.5%, according to analyst consensus estimates tracked by Bloomberg Net employee additions are estimated at 5,241. Bloomberg estimates also indicate FY26 revenue growth of 4.53% in constant currency terms and FY27 growth of 5.78%.

READ MORE: HCLTech Q4 Results Preview: Margin Seen Under Pressure As Software Seasonality Weighs

Bank of Maharashtra Q4 Highlights 

• Profit rises 34.9% at Rs 2,014 crore versus Rs 1,493 crore (YoY).  
• Gross NPA at 1.45% versus 1.6% (QoQ).
• Net NPA at 0.1% versus 0.2% (QoQ).
• NII rose 18.9% at Rs 3,702 crore versus Rs 3,116 crore (YoY).  

India's fast-moving consumer goods companies are expected to report steady March-quarter demand, supported by volume growth and improving channel conditions, while rising input costs may begin to weigh on margins.

Brokerages broadly expect sector revenue growth in the high single digits for the March quarter, with food and beverage companies likely to outperform household and personal care peers. Demand trends in India are seen as stable to improving through most of the quarter, though unseasonal weather in March and supply disruptions linked to tensions in West Asia may have affected select seasonal categories and overseas markets.

READ MORE: FMCG Q4 Preview: Demand Holds Steady As Cost Pressures Return

Fisdom reported a loss of Rs 10 crore. It was acquired in October 2025 and is in early stages of integration and scale. Billionbrains Garage Ventures expect it to be profitable in FY28.

The asset management business for Groww (aka “Growwmf”) is still very nascent and sub-scale. Growwmf made a loss of Rs 21.4 crore in Q4 FY26. For it to be profitable, we need to grow our AUM 5 - 6x and this is expected to be achieved over the next few years.

Source: Investor Presentation

Groww FY26 Results (Consolidated)

• Revenue at Rs 4,645 crore versus Rs 3902 crore
• Profit at Rs 2,083 crore versus Rs 1,824 crore

• Billionbrains Garage Ventures’ Ebitda increased by 142% y-o-y to Rs 939 crore while Groww’s platform Ebitda was 66.93%
• Despite de-growth in market, Groww’s active users grew 19.86% and customer assets (in stocks and MFs) grew 35% on y-o-y basis
• Mutual fund SIP inflows grew 35% and despite a declining market, mutual fund AUM grew 39% 
• MTF and Commodity Trading drove diversification of revenue: with share of equity derivatives in total income reducing from 57% in Q4FY25 to 55% in Q4FY26

Source: Exchange Filing

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Groww Q4 Estimates (Consolidated, QoQ)

• Revenue seen at Rs 1,391 crore versus Rs 1,216 crore
• Profit seen at Rs 637 crore versus Rs 547 crore

Source: Bloomberg

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Axita Cotton Ltd., Binny Ltd., Billionbrains Garage Ventures Ltd., Indbank Merchant Banking Services Ltd., Jupiter Infomedia Ltd., Bank Of Maharashtra, Navkar Corporation Ltd., Nelco Ltd., PNB Gilts Ltd., PNB Housing Finance Ltd., SML Mahindra Ltd., Ugro Capital Ltd., Indosolar Ltd.